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Speaker 1: When you see traditional finance UM trying to pivot in.

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Speaker 1: They bring that traditional finance view. Um, they're trying to

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Speaker 1: compare bitcoin to what they know the past, the old world,

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Speaker 1: and that's that's rational and most humans were all humans

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Speaker 1: do this. However, bitcoin is different. It doesn't actually fit

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Speaker 1: into the definitions that we previously had for academic economics.

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Speaker 1: That first one was that like mycelium, right, and like

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Speaker 1: I mean you're talking about like mushrooms and how um

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Speaker 1: organic organisms or whatever, how they can relate to a

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Speaker 1: new world and a new financial system. And I mean

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Speaker 1: that's a completely different out of the box take right.

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Speaker 1: The Japanese engineers, the scientists are like our central bank.

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Speaker 1: They try however, um, it's actually better to push the

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Speaker 1: decision making to the edge, meaning every individual person acts

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Speaker 1: on their own needs, wants, hope, streams, etcetera. And the

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Speaker 1: aggregate of all those individual actors, like you mentioned, actually

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Speaker 1: creates the price, or it creates truth in a more

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Speaker 1: fundamental sense. That's why when you break it down and

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Speaker 1: you compare it to like a natural organism, people can

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Speaker 1: get that. How do you how do you know what's needed?

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Speaker 1: And how do you know what the right solution is

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Speaker 1: you do that by taking risks and trying things. Decentralized

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Speaker 1: organisms are decentralized planning can actually come up with a

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Speaker 1: better result. Yeah, there are like parasitic fungi that will

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Speaker 1: might that might take over an entire forest, Like there's

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Speaker 1: one in eastern Oregon, the honey mushroom. It's thousands of

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Speaker 1: years old and it's just consuming a forest. And we

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Speaker 1: couldn't even we didn't even know it was an organism

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Speaker 1: until we got into a plane. Those goods and services

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Speaker 1: are are fulfilled by individuals. And so what happens is

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Speaker 1: because I have a different worldview or viewpoint then you do. UM.

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Speaker 1: I see different problems in the world, and so I'm

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Speaker 1: gonna go try to solve people's problems and needs. Um

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Speaker 1: And that's how I make money. No matter where you look,

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Speaker 1: you can see that the world appears to be heading

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Speaker 1: towards a climax. Things are rapidly accelerating, the world's on edge,

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Speaker 1: Populism is uprising, and something is going to happen. Well,

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Speaker 1: history gives us a guide of what the future may hold.

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Speaker 1: Of course, you know that I talked about history all

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Speaker 1: the time because of that, and I am joined today

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Speaker 1: with Brandon Kridham, who has done a lot of work

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Speaker 1: on one of the really big cycles that I've been

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Speaker 1: working on that overlaps with several other cycles that are

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Speaker 1: all coming to a head. Now. This cycle is um

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Speaker 1: one of my favorites. UM. It's not just an economic cycle,

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Speaker 1: it's more of a societal maybe a social cycle. But

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Speaker 1: it really tells a lot of exactly where we're at.

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Speaker 1: When he breaks this down, you're gonna understand why we're

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Speaker 1: seeing the things in the world that we're seeing today,

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Speaker 1: but more importantly, understand where it's going. UM. We bounce

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Speaker 1: a lot of ideas back and forth off of each other. UM.

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Speaker 1: It's not that deep of a subject, but it's something

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Speaker 1: that is going to be super powerful. And at the end,

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Speaker 1: Brandon is going to give us his actionable steps on

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Speaker 1: how to survive this transition from the way that he

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Speaker 1: studied it. Now, we do start out in the beginning

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Speaker 1: talking about what I like to call it just kind

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Speaker 1: of breaking things down into the most basics, first principles,

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Speaker 1: and we start by looking at um a societal plan

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Speaker 1: and comparing it to nature. So go ahead and stick

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Speaker 1: with us through that part. UM. Then we're gonna jump

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Speaker 1: into the cycles, UM talk about where we're at a

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Speaker 1: society today more importantly, UM, kind of forecasting where it's

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Speaker 1: going and what those actionable steps are to survive this, Traine.

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Speaker 1: So let's go ahead and just jump right into the

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Speaker 1: interview with Brandon. Everyone, Welcome to another episode of The

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Speaker 1: Market Disruptor Show. And today I'm sitting down with Brandon

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Speaker 1: quit hum Um. He is works with Swan Bitcoin, head

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Speaker 1: of media and education over there. Um does a tremendous

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Speaker 1: job and uh, someone that I've been trying to get

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Speaker 1: on the show for quite a while because it's uh,

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Speaker 1: he's got some really good work in some thesis is

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Speaker 1: that I'm working on. But Brandon, welcome to the show. Hey,

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Speaker 1: thanks Mark, looking forward to it. Yeah, so, UM, yeah,

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Speaker 1: I know we've been trying to line this up for

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Speaker 1: a while. UM. I've been working on these, uh thesis

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Speaker 1: of kind of putting cycles together. UM. I know you've

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Speaker 1: kind of heard some of that. And and there's one

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Speaker 1: that you've been talking about that I think really overlaps

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Speaker 1: in with what I'm looking at, UM, and I want

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Speaker 1: to dig into that today and I'm excited for that.

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Speaker 1: But before we do, UM, yeah, I want to just

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Speaker 1: give us quick background on I know you had kind

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Speaker 1: of an interesting story that kind of brought you into

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Speaker 1: the finance space. Um, that's a little bit different from most.

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Speaker 1: Maybe tell us kind of how you got here on

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Speaker 1: what you're doing. Yeah, definitely. So I started my career

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Speaker 1: at oracle On Enterprise Software, did about four years there

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Speaker 1: the standard enterprise you know, RP software sales guy, and

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Speaker 1: it kind of got disenfranchised by that future started building

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Speaker 1: online businesses, uh, similar to you in in the sense

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Speaker 1: of I'm remote, have a remote team, content focused businesses. Um.

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Speaker 1: And then in seventeen I felt very deep down the

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Speaker 1: bitcoin rabbit hole and realized, Wow, this opportunity is massive.

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Speaker 1: It aligns with my skill set, my passion, purpose, all

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Speaker 1: that kind of stuff just felt right, and so I

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Speaker 1: had to just radically shift and kind of went in

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Speaker 1: the cave for about six months reading everything I could

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Speaker 1: about bitcoin, kind of the standards story there, um, and

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Speaker 1: emerged confident that this is what I was going to

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Speaker 1: spend my time doing. Popped around a few different startups

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Speaker 1: in the bitcoin space, eventually sold off my online businesses.

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Speaker 1: Hey guys, let me just interrupt this interview real quick,

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Speaker 1: just to plug the show sponsor and that is block Fi. Now.

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Speaker 1: Block five is doing amazing things in the bitcoin finance space.

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Speaker 1: As a matter of fact, they've cracked some really big

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Speaker 1: news by bringing on the x CFTC UM chair Chris

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Speaker 1: gian Carlo UM and they are one of the most transparent,

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Speaker 1: most heavily regulated UM companies inside the United States, which

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Speaker 1: gives me a lot of trust into what the services are. Now.

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Speaker 1: I've recently did a video talking about how to retire

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Speaker 1: off bitcoin, and you can do that by leveraging debt

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Speaker 1: and interest against bitcoin. And Block five is the number

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Speaker 1: one company in the United States or maybe in the

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Speaker 1: world to go to and use UM. They are leading

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Speaker 1: the charges. Are paying interest on your bitcoin if you

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Speaker 1: park it with him, or you can borrow against it. Now,

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Speaker 1: as I broke down in that video, you can borrow

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Speaker 1: against your bitcoin, and when you take debt against it,

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Speaker 1: it's not taxable. It's not a taxable event. You can

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Speaker 1: use that debt for anything that you want, including to

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Speaker 1: live off of to leverage up and buy more or

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Speaker 1: roll it into another asset. UM. You can do something

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Speaker 1: like I've done recently, like sell some real estate put

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Speaker 1: that money into bitcoin. Now, as that bitcoin price has risen,

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Speaker 1: I'm able to borrow against it and go back and

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Speaker 1: buy the same real estate or something similar, and I

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Speaker 1: still own the bitcoin, and I also own the new

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Speaker 1: asset as well. Lots of ways you can do this

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Speaker 1: UM and block five is the company that I recommend.

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Speaker 1: Down in the description, I have a link that you

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Speaker 1: can click on. If you choose to use that link,

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Speaker 1: you can earn up the two HU fifty dollars in

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Speaker 1: bitcoin just for using that link. So check out block

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Speaker 1: fine now UM now in at Swan And I think

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Speaker 1: that's probably the best leverage I can apply both of

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Speaker 1: my skill set and also again what I think is

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Speaker 1: good for the world. And so I had to sort

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Speaker 1: of relearn the finance and the investing and a lot

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Speaker 1: of the technology stuff UM with bitcoin as sort of

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Speaker 1: the syllabus. And I'm always a lifelong learner kind of guy,

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Speaker 1: and so I enjoy that process. Yeah, I fill in

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Speaker 1: a lot of pieces and feel good about where we're going. Now.

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Speaker 1: What I love about what you've done and and and

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Speaker 1: the space overall is that you've brought like this fresh

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Speaker 1: outside perspective in and so you know, when you see

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Speaker 1: traditional finance UM trying to pivot in. They bring that

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Speaker 1: traditional finance view and so they want to talk about

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Speaker 1: the money and economics and the technical analysis and all

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Speaker 1: these types of things. Um, whereas you've brought like this

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Speaker 1: completely different view and so um two pieces that you've

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Speaker 1: written that really caught my eye. That first one was

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Speaker 1: that like my celium, right, and like, uh, I mean

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Speaker 1: you're talking about like mushrooms and how um organic organisms

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Speaker 1: or whatever, how they can relate to a new world

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Speaker 1: and a new financial system. And I mean that's a

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Speaker 1: completely different out of the box take while you give

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Speaker 1: us maybe a brief overview of what that is. Yeah,

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Speaker 1: So that that's kind of the way I built my

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Speaker 1: brand in the bitcoin space. I was that nobody I

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Speaker 1: I published that, and all of a sudden people found

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Speaker 1: it interesting to my surprise, might I add, I thought

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Speaker 1: everyone was into finance and economics and uh game three, etcetera.

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Speaker 1: And I'm like, well, bitcoin is actually a digital organism

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Speaker 1: and so yeah, to my surprise, people like that that theory.

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Speaker 1: But essentially what is is my celium is the primary

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Speaker 1: form of a fungi, right, and fungi have their own

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Speaker 1: kingdom plants animal fungi. My Celium is that underground roots structure.

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Speaker 1: It's it's essentially a decentralized network that sends information bi directionally,

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Speaker 1: it trades resources, it connects all the trees and plants underground.

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Speaker 1: And I've actually been working with an evolutionary biologist, Toby

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Speaker 1: kers Um, where fungi actually have an economy. They buy low,

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Speaker 1: they sell high, they horde resources, they trade with their partners,

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Speaker 1: and so all that's going on underground right now, um,

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Speaker 1: in pretty much every ecosystem on our planet. And so

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Speaker 1: by looking at that angle, you see this underground economy.

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Speaker 1: It's a decentralized intelligence network. There's no central control, it's

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Speaker 1: anti fragile. You can chop it in half and to

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Speaker 1: now grow, and you start to see all these parallels

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Speaker 1: and you realize, wow, that's kind of like our our

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Speaker 1: computer internet. Um, it's just also like bitcoin, right, no

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Speaker 1: one's in charge. It's a network. It learns and it adapts.

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Speaker 1: And you know, we can go all day on that topic.

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Speaker 1: But the analogies sound yeah. What I what I like

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Speaker 1: about that is, you know, uh, seems like the smarter

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Speaker 1: people are the different arguments they make and they try

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Speaker 1: they can make these very complex arguments that are very

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Speaker 1: hard for the average person to kind of see through,

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Speaker 1: and then they might just throw their hands up and

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Speaker 1: then kind of differ back to that that that's so

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Speaker 1: called expert. We see that in economics all the time, right,

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Speaker 1: and they want to argue all this crazy economic theory

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Speaker 1: UM on m MT and and uh, you know, bond

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Speaker 1: yields and derivative all this stuff. But I think that

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Speaker 1: if we if we break things down to their most

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Speaker 1: basic you know, if you call that first principles or

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Speaker 1: wherever you want to start from, UM, you can understand

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Speaker 1: it there. And then once you understand it there, then

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Speaker 1: you can get a whole new clarity on that upper level.

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Speaker 1: And that's one reason why I like macroeconomics. I like

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Speaker 1: that zoomed out view. But that's why when you break

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Speaker 1: it down and you compare it to like a natural organism,

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Speaker 1: people can get that, and then you can easily really

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Speaker 1: late that back to I mean not just bitcoin, but

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Speaker 1: but the way the actual financial system or the economic

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Speaker 1: system works. Right. Yeah, I think that's a really good point.

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Speaker 1: And one one thing to highlight is that bitcoin is

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Speaker 1: wholly new, and so you have these credentials, these academics,

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Speaker 1: these fiad economists, whatever you want to call them. Um,

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Speaker 1: they're trying to compare bitcoin to what they know the past,

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Speaker 1: the old world, and that's that's rational, and most humans

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Speaker 1: or all humans do this. However, bitcoin is different. It

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Speaker 1: doesn't actually fit into the definitions that we previously had

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Speaker 1: for academic economics. Right. It's like, um, if we look

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Speaker 1: at a bumblebee on paper, a bumblebee cannot fly. We

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Speaker 1: can't figure out how it's possible. And yet in reality,

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Speaker 1: the bumble bee obviously can fly. And so these academics

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Speaker 1: will say, well, bitcoin doesn't fit or definition of currency

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Speaker 1: or money or whatever, so it can't work, right, But

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Speaker 1: obviously the market has has sent a different signal. And

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Speaker 1: connecting that to biology, Yeah, I use biology. I I

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Speaker 1: personally really like it. But um, the reason why I

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Speaker 1: think it's so powerful in um, you know, bringing new

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Speaker 1: people to bitcoin, is that we intuitively understand biological principles

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Speaker 1: were of biology, and so you can kind of use

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Speaker 1: those base intuitive metaphors to paint a picture on what

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Speaker 1: this extremely foreign object is that we call bitcoin. Yeah,

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Speaker 1: and I would I would just take that just a

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Speaker 1: little bit further maybe, or or bring it lower to

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Speaker 1: even make it more simple. So I mean, we're already

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Speaker 1: jumping in and talking about bitcoin, but that even complicates things.

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Speaker 1: So I think if we were to go back to

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Speaker 1: that that mushroom example and just look at the way

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Speaker 1: the economy should actually work, right where um, the economy

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Speaker 1: is full of a bunch of individual people that all

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Speaker 1: have once needs and desires that change on a regular basis.

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Speaker 1: And then on the other side, we have producers that

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Speaker 1: want to produce those um goods and services for those

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Speaker 1: ones needs and desires. And how do you coordinate Uh,

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Speaker 1: you know, three and thirty million people in the US

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Speaker 1: or billions of people in the world, how do you

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Speaker 1: coordinate that. Um, that's a very complex organism, a very

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Speaker 1: complex system. And how do you organize that. Well, you

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Speaker 1: do it through price prices a signal UM that can

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Speaker 1: do the app And as long as that signal is pure,

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Speaker 1: that price signal is pure, than the than everything's coordinated properly. Um.

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Speaker 1: The problem is when you start to distort that signal,

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Speaker 1: then everything starts getting distorted. So like, that's a very

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Speaker 1: simple concept. And I think looking at the mushroom example,

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Speaker 1: you kind of see that, right, and so it's like, okay,

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Speaker 1: so I get it. So we can coordinate it with

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Speaker 1: price um and if price stays clean, we have good signal.

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Speaker 1: If it's if it's storted, and then we can get

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Speaker 1: into the money. Right now, let's talk about why that

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Speaker 1: thing that gets distorted, Uh, if you have money, and

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Speaker 1: then what we can do to clean that signal up,

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Speaker 1: which could be bitcoin. But understanding just that price signal

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Speaker 1: and compared to a mushroom, I think makes it simple. Yeah, yeah,

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Speaker 1: I think that's a good point. And you brought up

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Speaker 1: sort of like the centralized versus decentralized approach to running

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Speaker 1: the economy, where we have all these historical examples, but

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Speaker 1: to keep it in the mycological realm. Here, there's a

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Speaker 1: fascinating story about the slime mold, which is technically not

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Speaker 1: a fungi, but it's a similar type of organism, and

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Speaker 1: it actually solved the traveling salesman problem, which is something

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Speaker 1: that we we have a hard time with with our

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Speaker 1: computers today. And what that means is Japanese scientists put

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Speaker 1: little oat flakes on a topographical map of Tokyo subway system.

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Speaker 1: Each subway stop is oat flakes, which is the slime

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Speaker 1: wold's favorite food. They release this organism into this maze,

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Speaker 1: and after about twelve hours, the slime wold grew and

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Speaker 1: found all the food, and then after another twelve hours,

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Speaker 1: the organism re architected itself into the most efficient network

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Speaker 1: connecting all the food together. And what the scientists found

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Speaker 1: was that the slime mold actually created a more efficient

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Speaker 1: and more redundant subway system than all the smartest Japanese

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Speaker 1: engineers could create. And you know, why do you say,

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Speaker 1: why do I say this? I'm not I'm not knocking

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Speaker 1: on the Japanese engineers. I'm sure that the world class.

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Speaker 1: What I'm saying here is that sometimes a decentralized decision

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Speaker 1: making process actually creates better outcomes. And I think money

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Speaker 1: and economics is actually one of them, right, The Japanese

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Speaker 1: engineers the scientists are like our central bank. They try,

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Speaker 1: how ever, um, it's actually better to push the decision

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Speaker 1: making to the edge, meaning every individual person acts on

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Speaker 1: their own needs, wants, hope, streams, etcetera. And the aggregate

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Speaker 1: of all those individual actors like you mentioned, actually creates

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Speaker 1: the price or creates truth in a more fundamental sense.

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Speaker 1: Well that that's a great illustration. So again, right, breaking

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Speaker 1: it down super simple, where people understand it. I love that,

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Speaker 1: UM for everyone listening. UM, I really want to dig

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Speaker 1: into some cycles because I believe if you if you've

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Speaker 1: been watching my channel at all, you know that I

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Speaker 1: dig into history because I believe history kind of helps

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Speaker 1: us understand where we're going. And Brand has done a

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Speaker 1: lot of work on cycles, and I think it's very

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Speaker 1: telling of where we're at right now and where we're going.

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Speaker 1: So we're gonna get into that. But I want to

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Speaker 1: just dig into this for a little bit more because

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Speaker 1: that was really cool that what you said about you know,

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Speaker 1: decentralized organisms or decentralized planning can actually come up with

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Speaker 1: a better result. And you know, I think about UM

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Speaker 1: as I said, right, we have three or thirty million

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Speaker 1: people in the US, and and uh, I believe it

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Speaker 1: was like individualism that made America great. And the reason

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Speaker 1: why I would say that it was individualism, not that

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Speaker 1: we're all in this together collectivism, globalism, but individualism is

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Speaker 1: because I'm different than you, and that's a good thing,

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Speaker 1: not a bad thing. The reason why it's a good

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Speaker 1: thing is because at the end of the day, wealth

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Speaker 1: comes from goods and services, UM, and those goods and

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Speaker 1: services are are fulfilled by individuals. And so what happens

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Speaker 1: is because I have a different worldview or viewpoint, then

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Speaker 1: you do. Um, I see different problems in the world,

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Speaker 1: and so I'm gonna go try to solve people's problems

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Speaker 1: and needs. Um. And that's how I make money. If

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Speaker 1: I can provide you a valuable product or service, I

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Speaker 1: can make money that way. And so when when people

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Speaker 1: when when we have this decentralized planning method that's all

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Speaker 1: out there with different viewpoints, all seeing different problems and solutions,

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Speaker 1: we can create massive change. We can solve all that.

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Speaker 1: Whereas if if we're all in this together and everybody's

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Speaker 1: looking at the exact same thing and we're a bunch

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Speaker 1: of robots, there's no creativity and the amount of problems

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Speaker 1: and solutions we're solving are very small. What do you

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Speaker 1: think about that? Yeah, I completely agree um everything you said.

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Speaker 1: I agree to go one step further, UM on the

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Speaker 1: individual level, Like, how is wealth created? Well, it is

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Speaker 1: created by creating goods and services, by satisfying needs and wants.

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Speaker 1: And how do you how do you know what's needed?

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Speaker 1: How do you know what the right solution is? You

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Speaker 1: do that by taking risks and trying things right, and

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Speaker 1: so again going back to fragility and anti fragility. UM,

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Speaker 1: every individual person entrepreneurial takes a risk. Most of them fail,

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Speaker 1: but the ones who do succeed actually help everyone. Right,

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Speaker 1: that one win ends up becoming a new technology, That

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Speaker 1: idea gets transmitted through the whole human meta organism, and

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Speaker 1: now everyone is more wealthy because of it. But you

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Speaker 1: need those individuals to take a risk and to fail

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Speaker 1: mostly fail, uh, in order to achieve that. Whereas if

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Speaker 1: you centrally planned, you'll say, hey, we need carrots and potatoes,

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Speaker 1: but you might miss that we we want mushrooms too

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Speaker 1: in our diet or that's not a very good example,

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Speaker 1: but you know what I mean. Yeah, no, but but

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Speaker 1: that's exactly right. And that's where when you start getting

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Speaker 1: into again more you know, more political, societal, or even

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Speaker 1: philosophical kind of conversations. But again, if we if we

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Speaker 1: make it very simple, like we're talking about UM in

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Speaker 1: a free society, where I like, highest definition of liberty

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Speaker 1: is freedom from coercion, right, so I'm not being coerced

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Speaker 1: to make a choice that leads to someone else's ends. Instead,

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Speaker 1: I can make a decision that leads to my own ends. Um,

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Speaker 1: And when we're open to make all these choices, the

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Speaker 1: more freedom we have to make choices, the more trials

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Speaker 1: we can have. Right now, we can just try all

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Speaker 1: these things, versus if my choices are limited, then um,

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Speaker 1: I can only try so many things. And what that

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Speaker 1: does is it slows down the rate of growth, the

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Speaker 1: rate of production of of of an economy. Yeah. Absolutely,

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Speaker 1: I'm in defensive free markets all day long. And there's

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Speaker 1: an interesting I'm gonna forget the exact reference, but it's

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Speaker 1: essentially a poem about how a city achieves two uh,

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Speaker 1: comes up with the right amount of bread to produce

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Speaker 1: each day. It's an old Econ talk poem, and it's

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Speaker 1: just a beautiful analysis. Right. If if the government said

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Speaker 1: how much bread do we need each day, they'll they'll,

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Speaker 1: you know, they'll do their fancy math and will come

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Speaker 1: with an answer. But that answer, uh, simply because of

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Speaker 1: the fact that they cannot ingest all that data, the

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Speaker 1: answer is always going to be wrong. Where if you

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Speaker 1: make if you push that decision making to individual bread

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Speaker 1: producers and their information from their local group, their customers

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Speaker 1: and their trends, right, you you distribute that decision making.

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Speaker 1: Now all of a sudden, almost every city produces the

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Speaker 1: right amount of bread every day. Um and so, yeah,

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Speaker 1: it's another example of push the decision making, push the

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Speaker 1: complexity to the edge where the best information and the

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Speaker 1: best feedback actually is now. One thing that people would say, though,

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Speaker 1: I think this is probably the biggest argument, is that, well,

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Speaker 1: if you leave free markets alone, then they create destruction,

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Speaker 1: they create monopolies, they self devote, they devour them elves

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Speaker 1: or whatever. I'm curious from your studies in biology and

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Speaker 1: talking about fungus and whatnot, is that a threat with

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Speaker 1: the fungus. Does it become so big that it kills

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Speaker 1: itself or does it have some sort of a mechanism

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Speaker 1: that keeps it within range. Yeah, I think humans are

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Speaker 1: unique here from a biological standpoint, where, yeah, there are

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Speaker 1: like parasitic fungi that will might that might take over

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Speaker 1: an entire forest, Like there's one in eastern Oregon, the

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Speaker 1: honey mushroom. It's thousands of years old and it's just

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Speaker 1: consuming a forest. And we couldn't even we didn't even

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Speaker 1: know it was an organism until we got into a

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Speaker 1: plane and we could actually see the scale of this thing.

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Speaker 1: Um and so I think biology to bring a full circle,

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Speaker 1: I think biology doesn't necessarily, um, go too far right.

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Speaker 1: There's too many mechanisms to keep it in check. Right.

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Speaker 1: I think humans have the ability to go too far

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Speaker 1: right and to create a monopoly that may be destructive.

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Speaker 1: But on the flip side of that, you have Amazon,

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Speaker 1: for example, um, which you could argue is a monopoly,

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Speaker 1: but it's also kind of a natural monopoly, right you

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Speaker 1: You it's actually better to have a single logistics provider

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Speaker 1: if our goal is cheap goods, high efficiency, right, And

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Speaker 1: so I don't know if necessarily that all monopolies are bad,

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Speaker 1: but um, I don't think there's a good I don't

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Speaker 1: have a good answer for that from Yeah, I just

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Speaker 1: just brought just brought that to my mind, and we

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Speaker 1: could sit here and have a whole conversation just based

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Speaker 1: off of that. What I would say though, would be, Um,

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Speaker 1: you know, the problem that I see with the monopolies

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Speaker 1: is they use the power of the state to entrench

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Speaker 1: their position. And so I think if it was done

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Speaker 1: in a truly free market way without using government regulations

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Speaker 1: to protect themselves, um, I think the monopolies almost can

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Speaker 1: work against themselves at some point, right, because what happens is, Um,

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Speaker 1: if if we have freedom to keep trying new things,

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Speaker 1: then we're having new products and solutions come to market

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Speaker 1: at a rapid pace. And we know that the bigger

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Speaker 1: companies get the harder they can pivot, right, the slower

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Speaker 1: they pivot, the slower they can id eate. And so

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Speaker 1: almost like that, size starts to work against them, like

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Speaker 1: the David to Lie type of a story. And if

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Speaker 1: we were in a free market, um, we would have

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Speaker 1: new ideas coming to market so fast and they'd always

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Speaker 1: be taking share from those giants who are slow. Um

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Speaker 1: and uh, but we'll probably never know the answer to that.

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Speaker 1: I think you made a good point there, though, I

428
00:21:18,920 --> 00:21:23,120
Speaker 1: think regulatory capture makes it an artificial monopoly right there,

429
00:21:23,200 --> 00:21:26,679
Speaker 1: cheating in order to defend themselves, versus a natural monopoly,

430
00:21:26,960 --> 00:21:29,159
Speaker 1: which might be, Hey, we have a good product and

431
00:21:29,200 --> 00:21:31,439
Speaker 1: we have a good service and customers love us, and

432
00:21:31,480 --> 00:21:34,760
Speaker 1: there's efficiencies to grow, so we do. But then you're right,

433
00:21:34,760 --> 00:21:39,040
Speaker 1: there's that self correcting um, that governor on growing too big,

434
00:21:39,080 --> 00:21:42,280
Speaker 1: which is the innovator's dilemma, right, the big organizations too

435
00:21:42,280 --> 00:21:46,400
Speaker 1: slow to turn. So I think that's perfect framing. Yeah, well, um,

436
00:21:46,800 --> 00:21:48,399
Speaker 1: we we kind of went off on a tangent. But

437
00:21:48,600 --> 00:21:50,800
Speaker 1: let's go ahead and uh and we'll shift gears a

438
00:21:50,800 --> 00:21:53,800
Speaker 1: little bit. So, UM, I've been doing some work and

439
00:21:54,119 --> 00:21:56,760
Speaker 1: there's um what's interesting, and I guess going back to

440
00:21:56,840 --> 00:21:59,040
Speaker 1: nature actually for a second, is if we look at

441
00:21:59,119 --> 00:22:03,240
Speaker 1: nature and life, everything has cycles. And so you know,

442
00:22:03,359 --> 00:22:05,800
Speaker 1: we have summer, spring, winterfall for example, right, we have

443
00:22:05,800 --> 00:22:08,320
Speaker 1: a time to plant and a time to harvest um

444
00:22:08,480 --> 00:22:10,479
Speaker 1: and so everything has these cycles. And if we go

445
00:22:10,560 --> 00:22:12,399
Speaker 1: into the Bible, you know, we can look at you know,

446
00:22:12,440 --> 00:22:15,159
Speaker 1: seven year cycles of of a feast and famine or

447
00:22:15,440 --> 00:22:18,160
Speaker 1: or seven years of debt forgiveness, and so we can

448
00:22:18,160 --> 00:22:20,639
Speaker 1: see it through through through nature. We can see it

449
00:22:20,680 --> 00:22:24,000
Speaker 1: through throughout history. I mean there's four year presidential cycles,

450
00:22:24,000 --> 00:22:26,840
Speaker 1: and there's eight year business cycles, and there's uh, there's

451
00:22:26,840 --> 00:22:29,399
Speaker 1: all these cycles that we can look at. There's this uh.

452
00:22:29,440 --> 00:22:31,040
Speaker 1: But the one cycle that I've heard you've been you

453
00:22:31,119 --> 00:22:32,680
Speaker 1: talking about and I really like it, and that's the

454
00:22:32,680 --> 00:22:34,080
Speaker 1: one I want to dig into day is about the

455
00:22:34,080 --> 00:22:39,400
Speaker 1: fourth turning and that's kind of um it. It might

456
00:22:39,440 --> 00:22:43,680
Speaker 1: be more of a social type um cycle, but I

457
00:22:43,720 --> 00:22:46,240
Speaker 1: think it pulls in data from economics and credit and

458
00:22:46,280 --> 00:22:48,560
Speaker 1: all those types of things. UM, And I want to

459
00:22:48,560 --> 00:22:50,240
Speaker 1: dig into that because I think it overlays with some

460
00:22:50,240 --> 00:22:52,200
Speaker 1: other stuff I'm talking about. And you're doing great works.

461
00:22:52,200 --> 00:22:53,640
Speaker 1: Why don't you go ahead and just kind of lay

462
00:22:53,720 --> 00:22:56,640
Speaker 1: that out for us a little bit right now? Yeah, absolutely,

463
00:22:56,680 --> 00:22:58,480
Speaker 1: And if I could, I want to add one more

464
00:22:58,600 --> 00:23:02,520
Speaker 1: natural cycles, yeah, pile, which is it's from evolutionary theory.

465
00:23:02,560 --> 00:23:06,520
Speaker 1: It's an idea called punctuated equilibrium. And what this essentially

466
00:23:06,560 --> 00:23:10,359
Speaker 1: says is throughout history, there's periods where evolution does not

467
00:23:10,560 --> 00:23:13,520
Speaker 1: change at all. It's like all the organisms are relatively stable.

468
00:23:13,840 --> 00:23:17,520
Speaker 1: And then there's periods where organisms change very fast, lots

469
00:23:17,520 --> 00:23:21,320
Speaker 1: of speciation, and that could be climate change, so there's

470
00:23:21,440 --> 00:23:26,480
Speaker 1: environmental stressor you know that stimulus creates new species, etcetera. UM.

471
00:23:26,560 --> 00:23:28,240
Speaker 1: And so that's everywhere, and we see that through the

472
00:23:28,280 --> 00:23:31,359
Speaker 1: fossil record, and that also seems to show up in

473
00:23:31,400 --> 00:23:34,480
Speaker 1: our human cycles. Right there's you know the famous quote,

474
00:23:34,800 --> 00:23:37,400
Speaker 1: m there's decades where nothing happens, and there's weeks where

475
00:23:37,400 --> 00:23:40,000
Speaker 1: decades happen. And so yeah, I think we're very much

476
00:23:40,000 --> 00:23:43,040
Speaker 1: in the middle of that. And my favorite lens at

477
00:23:43,040 --> 00:23:45,720
Speaker 1: this point in time is the fourth turning, which is

478
00:23:45,760 --> 00:23:48,520
Speaker 1: a book written in the nineties and the thesis is

479
00:23:48,600 --> 00:23:52,120
Speaker 1: essentially that every eight to ninety years, humans rebuild our

480
00:23:52,160 --> 00:23:58,600
Speaker 1: exterior world think institutions, politics, economics, etcetera. And previous Fourth

481
00:23:58,600 --> 00:24:01,840
Speaker 1: turnings have been World War to the Civil War, American Revolution,

482
00:24:01,920 --> 00:24:05,800
Speaker 1: so very big changes to the exterior world. And you know,

483
00:24:05,800 --> 00:24:07,479
Speaker 1: there's a lot of waste to dissect this. It's it's

484
00:24:07,520 --> 00:24:10,320
Speaker 1: a very deep thing. But it's almost as if society

485
00:24:10,359 --> 00:24:15,159
Speaker 1: outgrows our infrastructure, and then we realize that our institutions

486
00:24:15,160 --> 00:24:18,760
Speaker 1: are starting to fail, inequalities getting bad, populism is rising,

487
00:24:19,320 --> 00:24:22,840
Speaker 1: and the human organism essentially comes together at a time

488
00:24:22,840 --> 00:24:26,359
Speaker 1: of high collectivism, UM, and we just decide, Okay, we

489
00:24:26,400 --> 00:24:29,360
Speaker 1: gotta reset the game board. It's not working. And this

490
00:24:29,440 --> 00:24:32,119
Speaker 1: is a necessary process throughout history. It's kind of like

491
00:24:32,160 --> 00:24:35,040
Speaker 1: a brush fire, right It clears out the waist and

492
00:24:35,280 --> 00:24:38,159
Speaker 1: makes room for new growth. And right now we're right

493
00:24:38,200 --> 00:24:40,520
Speaker 1: in the middle of that fourth turning, which is the

494
00:24:40,960 --> 00:24:44,679
Speaker 1: last part, the last roughly twenty year period of that

495
00:24:44,800 --> 00:24:47,399
Speaker 1: eight year cycle. And so yeah, if you look around,

496
00:24:47,600 --> 00:24:51,520
Speaker 1: people are freaking out. Chaos is on the horizon. UM.

497
00:24:51,600 --> 00:24:54,760
Speaker 1: It's looking just like the previous one and the last

498
00:24:54,800 --> 00:24:57,639
Speaker 1: thing I'll say here is that the thesis is not

499
00:24:57,760 --> 00:25:03,080
Speaker 1: immediately It sounds sort of like UM horoscope population like

500
00:25:03,240 --> 00:25:07,400
Speaker 1: horoscopes and demographics UM at first plans. But I think

501
00:25:07,440 --> 00:25:10,880
Speaker 1: it's actually a much deeper emergent human thesis, and it's

502
00:25:10,920 --> 00:25:14,440
Speaker 1: based on human archetypes and patterns that humans have and

503
00:25:14,840 --> 00:25:17,240
Speaker 1: what stage of life they're in. And I'm not sure

504
00:25:17,240 --> 00:25:19,080
Speaker 1: how deep you want to go into that exact part.

505
00:25:19,160 --> 00:25:22,640
Speaker 1: But hey, sorry to interrupt this video just one more time.

506
00:25:22,720 --> 00:25:25,240
Speaker 1: I'm not running Google ads, so it's actually way less

507
00:25:25,280 --> 00:25:27,560
Speaker 1: interruption than I normally would have on a video UM.

508
00:25:27,600 --> 00:25:30,280
Speaker 1: And that's because it's sponsored by block five UM. They

509
00:25:30,320 --> 00:25:33,920
Speaker 1: are opening up the world of bitcoin and financial products

510
00:25:33,960 --> 00:25:37,480
Speaker 1: offering to pay you interest on your bitcoin UM better

511
00:25:37,520 --> 00:25:39,159
Speaker 1: than own in the rental property that you have to

512
00:25:39,200 --> 00:25:41,000
Speaker 1: manage and control and have the risks. You can just

513
00:25:41,000 --> 00:25:43,800
Speaker 1: earn interest on it or you can leverage against it. Now,

514
00:25:44,080 --> 00:25:47,280
Speaker 1: I plan to hold my bitcoin forever and literally never

515
00:25:47,600 --> 00:25:49,600
Speaker 1: sell my bitcoin. So how do you do that? Well,

516
00:25:49,800 --> 00:25:52,040
Speaker 1: if I need money, I don't want to sell that bitcoin.

517
00:25:52,040 --> 00:25:54,160
Speaker 1: I'm gonna pay tax on it, all right, I'm gonna

518
00:25:54,240 --> 00:25:56,479
Speaker 1: end up with less and I don't have the bitcoin anymore.

519
00:25:56,600 --> 00:25:58,640
Speaker 1: So a better way to do it is to borrow

520
00:25:58,800 --> 00:26:01,680
Speaker 1: against the bitcoin. So I've put all my money into bitcoin.

521
00:26:01,920 --> 00:26:03,560
Speaker 1: If I want to buy a car, or I want

522
00:26:03,560 --> 00:26:06,160
Speaker 1: to buy a house, I can borrow against it at

523
00:26:06,359 --> 00:26:09,280
Speaker 1: very very low competitive rates. Get my house, get my car,

524
00:26:09,400 --> 00:26:12,159
Speaker 1: whatever that may be, and get to keep the bitcoin.

525
00:26:12,240 --> 00:26:14,720
Speaker 1: I've done a whole video on this. You can find it.

526
00:26:14,720 --> 00:26:16,679
Speaker 1: I'll link it down to the description below how to

527
00:26:16,840 --> 00:26:19,200
Speaker 1: retire off a bitcoin without paying taxes, and you can

528
00:26:19,240 --> 00:26:21,760
Speaker 1: do that with block fight services. A link to the

529
00:26:21,800 --> 00:26:23,400
Speaker 1: video down below. I'm also going to put a link

530
00:26:23,440 --> 00:26:25,159
Speaker 1: to block fight. If you choose to click on that

531
00:26:25,200 --> 00:26:26,800
Speaker 1: link to check them out. You can earn up to

532
00:26:26,760 --> 00:26:29,680
Speaker 1: two fifty dollars in free bitcoin just for using that link.

533
00:26:29,960 --> 00:26:31,560
Speaker 1: And that's it. Let's go ahead and get back to

534
00:26:31,640 --> 00:26:35,760
Speaker 1: the interview. But um, the authors essentially identified four different

535
00:26:35,880 --> 00:26:41,520
Speaker 1: human archetypes, you know, hero nomad um artists, and one

536
00:26:41,520 --> 00:26:43,520
Speaker 1: other one that I can't remember, and they follow the

537
00:26:43,600 --> 00:26:47,480
Speaker 1: same cycle over and over and over again. And the things,

538
00:26:47,600 --> 00:26:49,439
Speaker 1: the things that sort of made it click for me

539
00:26:49,520 --> 00:26:54,480
Speaker 1: are that humans um naturally act in predictable patterns at

540
00:26:54,480 --> 00:26:57,199
Speaker 1: a at a broad scale, individuals archadic but as a

541
00:26:57,240 --> 00:27:00,479
Speaker 1: species were sort of acting these patterns and things like

542
00:27:00,600 --> 00:27:02,840
Speaker 1: I'm a kid, I grow up and I want to

543
00:27:02,880 --> 00:27:06,280
Speaker 1: rebel against my parents. Right, that's a really common theme.

544
00:27:06,320 --> 00:27:08,640
Speaker 1: And and that alone. Let's say your parent is a

545
00:27:08,680 --> 00:27:11,960
Speaker 1: prophet and you are a hero. UM when you get

546
00:27:12,000 --> 00:27:15,240
Speaker 1: old enough, you start to rebel, and that causes predictable patterns.

547
00:27:15,560 --> 00:27:20,359
Speaker 1: And so it's essentially a symbiosis between history and generations.

548
00:27:20,920 --> 00:27:22,800
Speaker 1: So we're all, let's say where money it is, We're

549
00:27:22,800 --> 00:27:25,679
Speaker 1: all born at the same time in the same historic conditions.

550
00:27:25,720 --> 00:27:29,920
Speaker 1: So history imprinted itself on our generation. Then that well

551
00:27:29,960 --> 00:27:34,800
Speaker 1: defined generation grows up again, acting in similar ways. So

552
00:27:34,840 --> 00:27:38,800
Speaker 1: then that generation imprints itself onto history, and then history

553
00:27:38,840 --> 00:27:41,119
Speaker 1: again on the next generation. And so that cycle all

554
00:27:41,160 --> 00:27:43,719
Speaker 1: of a sudden observes trends that we can start to

555
00:27:43,760 --> 00:27:46,920
Speaker 1: start to walk. I think a good short term example

556
00:27:46,960 --> 00:27:49,880
Speaker 1: of that would be the millennial generation you just mentioned.

557
00:27:50,160 --> 00:27:53,040
Speaker 1: They were kind of growing up during the two thousand

558
00:27:53,200 --> 00:27:57,480
Speaker 1: Great Financial Crash, and that was the Great Financial Crash.

559
00:27:57,560 --> 00:27:59,240
Speaker 1: I mean, they had to act to save the whole

560
00:27:59,320 --> 00:28:01,920
Speaker 1: global financial system at once. That was a big deal.

561
00:28:02,080 --> 00:28:04,320
Speaker 1: You know, Occupy Wall Street whatnot. So a lot of

562
00:28:04,320 --> 00:28:07,960
Speaker 1: those um a lot of those millennials were kids or teenagers,

563
00:28:08,200 --> 00:28:10,560
Speaker 1: and so that was a huge imprint on their life,

564
00:28:10,560 --> 00:28:12,840
Speaker 1: which then of course changes their worldview or their lens

565
00:28:12,840 --> 00:28:15,640
Speaker 1: like you're talking about, um. And then and then demographics

566
00:28:15,680 --> 00:28:17,239
Speaker 1: is also something that I've I've done quite a bit

567
00:28:17,240 --> 00:28:19,919
Speaker 1: of studying and which is pretty interesting because, as you

568
00:28:20,040 --> 00:28:22,520
Speaker 1: just said, we're all different, but the way that we

569
00:28:22,600 --> 00:28:25,200
Speaker 1: spend money is actually somewhat the same in a sense

570
00:28:25,240 --> 00:28:27,840
Speaker 1: where it's like, Um, in my early twenties, I'm I'm

571
00:28:27,880 --> 00:28:30,000
Speaker 1: starting out my my new life, and maybe I'm buying

572
00:28:30,040 --> 00:28:31,960
Speaker 1: my first starter house. And in my mid to late twenties,

573
00:28:31,960 --> 00:28:33,920
Speaker 1: I'm getting married and having my first kid. In my

574
00:28:34,080 --> 00:28:37,080
Speaker 1: mid thirties to forties, I'm probably buying my big house. Um,

575
00:28:37,119 --> 00:28:39,040
Speaker 1: and my kids are growing up. And then by the

576
00:28:39,080 --> 00:28:41,680
Speaker 1: fifties they moved to college, and so I'm now spending

577
00:28:41,720 --> 00:28:43,680
Speaker 1: you know, so the types of things I'm spending are different.

578
00:28:43,800 --> 00:28:45,800
Speaker 1: When I'm sixty, I can sell my big house, my

579
00:28:45,880 --> 00:28:48,520
Speaker 1: kids are gone, i can move down, and so, UM,

580
00:28:48,600 --> 00:28:50,600
Speaker 1: you can look at these predictable spending patterns, and then

581
00:28:50,600 --> 00:28:53,640
Speaker 1: you can look at the demographics, the segments of the population,

582
00:28:53,880 --> 00:28:55,800
Speaker 1: and then you can start to see where that money

583
00:28:55,880 --> 00:28:59,520
Speaker 1: start flowing. The easy one is is the baby boomer generation,

584
00:28:59,520 --> 00:29:01,920
Speaker 1: which is the largest segment of the population. And we

585
00:29:01,920 --> 00:29:04,240
Speaker 1: can almost see like a like a snake that's eaten

586
00:29:04,280 --> 00:29:05,880
Speaker 1: like a rat, right, and we can see it kind

587
00:29:05,880 --> 00:29:08,440
Speaker 1: of moving through um time and you can see that

588
00:29:08,520 --> 00:29:12,239
Speaker 1: spending change. UM. So all of this is important, and

589
00:29:12,360 --> 00:29:13,960
Speaker 1: you know you can't look at one individual, you have

590
00:29:14,000 --> 00:29:16,480
Speaker 1: to look at a combination of them. But um, back

591
00:29:16,480 --> 00:29:19,120
Speaker 1: to kind of what you were saying. So maybe just

592
00:29:19,280 --> 00:29:22,160
Speaker 1: and I would say, it's also like a cause and effect,

593
00:29:22,440 --> 00:29:25,840
Speaker 1: like we did this, um and and it went too far,

594
00:29:26,120 --> 00:29:28,080
Speaker 1: and now this is the effect of that. So maybe

595
00:29:28,200 --> 00:29:31,520
Speaker 1: you could lay out the third uh turning going into

596
00:29:31,520 --> 00:29:33,760
Speaker 1: the fourth turning for us maybe from a high level.

597
00:29:34,400 --> 00:29:36,440
Speaker 1: UM And and one more thing I just want to

598
00:29:36,440 --> 00:29:38,480
Speaker 1: say real quick is uh so for some of you

599
00:29:38,480 --> 00:29:40,600
Speaker 1: you might have heard this this kind of four four

600
00:29:40,600 --> 00:29:44,360
Speaker 1: cycles of like hard times bringing weak men or I'm sorry,

601
00:29:44,480 --> 00:29:46,880
Speaker 1: so hard times bringing great men, great men, bringing good times,

602
00:29:46,880 --> 00:29:49,360
Speaker 1: good times bringing weak men, weak men, bringing bad times,

603
00:29:49,360 --> 00:29:51,480
Speaker 1: and those bad times bringing hard men. So it kind

604
00:29:51,480 --> 00:29:53,560
Speaker 1: of repeats. But maybe we could just kind of look

605
00:29:53,600 --> 00:29:55,160
Speaker 1: at the third and then going into this kind of

606
00:29:55,160 --> 00:29:58,000
Speaker 1: fourth ward rat right now, Yeah, I think that's a

607
00:29:58,080 --> 00:30:00,880
Speaker 1: really really important framing, and if you don't mind, I'll

608
00:30:00,920 --> 00:30:03,400
Speaker 1: actually do all four. I think the full cycle might

609
00:30:03,400 --> 00:30:08,200
Speaker 1: be good. So the previous fourth turning ninety to ninety five, Okay,

610
00:30:08,240 --> 00:30:11,320
Speaker 1: we've got a stark stock market collapse, we've got FDRs,

611
00:30:11,400 --> 00:30:16,880
Speaker 1: new deal, massive centralization of power, deficit spending, all these

612
00:30:16,920 --> 00:30:20,600
Speaker 1: new government programs. Taxes go from like twenty eight percent

613
00:30:20,640 --> 00:30:23,680
Speaker 1: to sixty three percent in like a four year period

614
00:30:23,680 --> 00:30:26,280
Speaker 1: for the top income bracket. Um. Then we have World

615
00:30:26,280 --> 00:30:30,200
Speaker 1: War Two. So it's a high volatility, high centralization, expansion

616
00:30:30,200 --> 00:30:33,080
Speaker 1: of government, destruction of liberties. We go to war, we

617
00:30:33,120 --> 00:30:36,400
Speaker 1: come back, everyone's sick of fighting. So now from nineteen,

618
00:30:36,480 --> 00:30:40,280
Speaker 1: let's say forty four, forty five to the mid sixties. Um,

619
00:30:40,320 --> 00:30:42,560
Speaker 1: that's the transition from the fourth turneing, so world War

620
00:30:42,600 --> 00:30:45,560
Speaker 1: two into the first Turney, that's packs Americana. We're all

621
00:30:45,600 --> 00:30:50,440
Speaker 1: sick of fighting. Um. Relative equality economically because we just

622
00:30:50,560 --> 00:30:53,280
Speaker 1: decimated the game board. And then you have this like

623
00:30:53,400 --> 00:30:56,040
Speaker 1: sort of dull cultural period where we just want to

624
00:30:56,080 --> 00:30:58,680
Speaker 1: sort of fit in and do what's right. Um. Then

625
00:30:58,720 --> 00:31:02,120
Speaker 1: we have the baby rumors grow up and they rebel

626
00:31:02,240 --> 00:31:04,960
Speaker 1: against this sort of leave it to beaver, stuffy, white

627
00:31:04,960 --> 00:31:08,600
Speaker 1: picket fence, boring time. And they create the cultural revolution,

628
00:31:08,680 --> 00:31:11,640
Speaker 1: the civil rights movement, the psychedelic sixties, all that is

629
00:31:11,680 --> 00:31:15,719
Speaker 1: in response to that boring, dull period and that second

630
00:31:15,720 --> 00:31:19,800
Speaker 1: turning there is the period where we redo the interior part.

631
00:31:20,120 --> 00:31:23,200
Speaker 1: That's where all the religious movements, all the cultural revolutions,

632
00:31:23,200 --> 00:31:25,320
Speaker 1: all of that throughout the last five years happened in

633
00:31:25,320 --> 00:31:28,880
Speaker 1: that second Turney. Okay, now at that point we've essentially

634
00:31:29,720 --> 00:31:32,560
Speaker 1: started to deregulate. And now we're in the third turning.

635
00:31:32,800 --> 00:31:34,840
Speaker 1: We realized, Okay, we got a little crazy with the

636
00:31:34,880 --> 00:31:38,400
Speaker 1: cultural stuff. Let's stop doing that. And then what we

637
00:31:38,480 --> 00:31:42,600
Speaker 1: have is a period of deregulation. This is the eighties

638
00:31:42,640 --> 00:31:46,480
Speaker 1: and nineties and early two thousands UM. And and that's like, Okay,

639
00:31:46,480 --> 00:31:49,480
Speaker 1: we're not going to parent our kids. This is the yuppies.

640
00:31:49,600 --> 00:31:52,680
Speaker 1: This is deregulate financial stuff. It's kind of the It's

641
00:31:52,680 --> 00:31:56,440
Speaker 1: also the Roaring twenties. Right, the getting is good, nobody

642
00:31:56,440 --> 00:31:59,880
Speaker 1: has a problem, you know, let's worry about it later mentality.

643
00:32:00,400 --> 00:32:03,200
Speaker 1: And then like like the latch Key kids when I

644
00:32:03,520 --> 00:32:05,120
Speaker 1: when I was a kid, like a whole generation of

645
00:32:05,120 --> 00:32:07,120
Speaker 1: parents who just dropped their kids off after school and

646
00:32:07,160 --> 00:32:10,520
Speaker 1: just like leave them for themselves. Exactly right. Yeah, an

647
00:32:10,520 --> 00:32:14,600
Speaker 1: interesting anecdote there. So the baby boomers, the early baby boomers, sorry,

648
00:32:14,600 --> 00:32:16,720
Speaker 1: the old baby boomers, they had the latch key kids,

649
00:32:16,960 --> 00:32:19,640
Speaker 1: and we had this horrible generation of kids. And then

650
00:32:19,640 --> 00:32:21,800
Speaker 1: are our leaders in the US said, hey, our kids

651
00:32:21,840 --> 00:32:25,959
Speaker 1: are horrible. It's time to reinvest in the kids. And

652
00:32:26,000 --> 00:32:28,960
Speaker 1: that's where the pendulum swing way over to the millennial side,

653
00:32:28,960 --> 00:32:32,160
Speaker 1: which is a period of overparenting, which is quite interesting

654
00:32:32,240 --> 00:32:34,400
Speaker 1: that that's where I grew up and so now you

655
00:32:34,440 --> 00:32:38,120
Speaker 1: get over parented. Thirteen placed ribbons were all special and

656
00:32:38,160 --> 00:32:41,200
Speaker 1: that sort of imprints itself on the generation um. And

657
00:32:41,200 --> 00:32:44,120
Speaker 1: then in two thousand and eight, that's the transition from

658
00:32:44,160 --> 00:32:46,880
Speaker 1: the third to the fourth turning, and obviously that's a

659
00:32:46,880 --> 00:32:50,400
Speaker 1: global financial crisis and all the spill out after that.

660
00:32:50,480 --> 00:32:53,080
Speaker 1: And the interesting part between the third and the fourth

661
00:32:53,160 --> 00:32:55,960
Speaker 1: turney is that in the third turning, our institutions are

662
00:32:56,040 --> 00:32:59,840
Speaker 1: in decay and everyone knows it, but nobody cares yet

663
00:33:00,080 --> 00:33:02,960
Speaker 1: hasn't really hit us that our institutions are being destroyed.

664
00:33:03,160 --> 00:33:06,000
Speaker 1: And the fourth turning, it's essentially the realization that our

665
00:33:06,040 --> 00:33:09,160
Speaker 1: institutions are no longer serving us, and that we should

666
00:33:09,160 --> 00:33:11,880
Speaker 1: probably do something about it because it's causing all these problems.

667
00:33:12,320 --> 00:33:14,960
Speaker 1: And so now we're halfway through that a little bit more,

668
00:33:15,360 --> 00:33:17,800
Speaker 1: I would say, we're not quite at the climax of

669
00:33:17,840 --> 00:33:21,120
Speaker 1: this fourth turning. Um. Could that be civil war? Could

670
00:33:21,120 --> 00:33:24,120
Speaker 1: it be total war like in the previous ones. I'm

671
00:33:24,120 --> 00:33:27,680
Speaker 1: not exactly sure, but I expect increasing volatility for three

672
00:33:27,680 --> 00:33:30,720
Speaker 1: to five years and then a downslope into a new

673
00:33:30,800 --> 00:33:34,880
Speaker 1: beginning again. Yeah, I think, Um, when you just kind

674
00:33:34,880 --> 00:33:37,360
Speaker 1: of finished with those last key pieces, which was which

675
00:33:37,400 --> 00:33:40,960
Speaker 1: was great, I think it really punctuates and hopefully helps highlight, uh,

676
00:33:41,120 --> 00:33:43,800
Speaker 1: kind of illustrating exactly where we are right in a

677
00:33:43,840 --> 00:33:48,200
Speaker 1: sense where um, we've seen the the Internet um kind

678
00:33:48,200 --> 00:33:52,280
Speaker 1: of got captured and it's created all these big centralized institutions. Um.

679
00:33:52,440 --> 00:33:55,080
Speaker 1: And that corresponds with another cycle, but we're not gonna

680
00:33:55,080 --> 00:33:57,080
Speaker 1: get into that. But um, and we've seen you know,

681
00:33:57,200 --> 00:34:01,640
Speaker 1: Facebook stealing our data and Wells Fargo putting false bank accounts,

682
00:34:01,840 --> 00:34:05,240
Speaker 1: you know, accounts on our our record. Um. But even um,

683
00:34:05,720 --> 00:34:07,360
Speaker 1: not to get into politics, but you know, there was

684
00:34:07,360 --> 00:34:09,719
Speaker 1: a big court case yesterday and like see that those

685
00:34:09,760 --> 00:34:12,960
Speaker 1: institutions and and uh, the you know, the the election

686
00:34:13,040 --> 00:34:15,279
Speaker 1: process and what happened with that, And we can just

687
00:34:15,320 --> 00:34:17,839
Speaker 1: see that regardless of which side you're on, you can

688
00:34:17,840 --> 00:34:21,759
Speaker 1: see the turmoil in there. Um. And uh, yeah, it's

689
00:34:21,880 --> 00:34:25,120
Speaker 1: definitely heading to a point that's gonna gonna break. At

690
00:34:25,120 --> 00:34:27,560
Speaker 1: some point. Something has to give, um. And what that

691
00:34:27,600 --> 00:34:30,239
Speaker 1: answer is we don't know, right obviously, like you said,

692
00:34:30,280 --> 00:34:33,839
Speaker 1: civil war, splitting it in half, um, or something has

693
00:34:33,880 --> 00:34:37,200
Speaker 1: to happen in a sense um, And I think it's

694
00:34:37,239 --> 00:34:40,280
Speaker 1: pretty evident to everybody. Um, I guess I would ask,

695
00:34:41,239 --> 00:34:43,759
Speaker 1: is there any evidence in history to show us which

696
00:34:43,760 --> 00:34:47,920
Speaker 1: way it may go? Yeah, I guess I don't have

697
00:34:47,960 --> 00:34:51,040
Speaker 1: a clear picture. I initially thought the climax was going

698
00:34:51,080 --> 00:34:54,040
Speaker 1: to be COVID and and let me back up for

699
00:34:54,040 --> 00:34:56,359
Speaker 1: a second. The reason why we need a climax is

700
00:34:56,400 --> 00:35:00,360
Speaker 1: because there needs to be massive change and history worically,

701
00:35:00,440 --> 00:35:03,600
Speaker 1: humans don't change until they're absolutely forced to do so,

702
00:35:04,200 --> 00:35:06,839
Speaker 1: and so we're starting to see that now. And and

703
00:35:06,880 --> 00:35:10,000
Speaker 1: so war obviously is a very strong motivator. Brings the

704
00:35:10,000 --> 00:35:12,680
Speaker 1: people together. We have a unified purpose. We can totally

705
00:35:12,800 --> 00:35:16,320
Speaker 1: change the whole world. But in the third turneing, there's problems,

706
00:35:16,360 --> 00:35:18,480
Speaker 1: but no one's willing to change, right, And so now

707
00:35:18,640 --> 00:35:20,600
Speaker 1: it's so bad that people are starting to figure out,

708
00:35:20,600 --> 00:35:23,520
Speaker 1: what do we do. We gotta collectivize. And as a

709
00:35:23,560 --> 00:35:27,320
Speaker 1: freedom loving person who is very anti collectivism, I hate

710
00:35:27,320 --> 00:35:30,000
Speaker 1: this right, this, this populism is showing up in things

711
00:35:30,040 --> 00:35:34,319
Speaker 1: like cancel culture and cancel culture on the surface looks

712
00:35:34,400 --> 00:35:36,680
Speaker 1: kind of dumb, but when you look deeper, it makes

713
00:35:36,719 --> 00:35:40,280
Speaker 1: total sense. Um. That's essentially saying, hey, we need to change.

714
00:35:40,320 --> 00:35:42,719
Speaker 1: So if you're not with us, you're against us. It

715
00:35:42,800 --> 00:35:46,760
Speaker 1: creates this very rigid social center and they just devour

716
00:35:46,920 --> 00:35:49,960
Speaker 1: anyone who's not following the rules. And that's sort of

717
00:35:49,960 --> 00:35:53,520
Speaker 1: a defense mechanism from a species level in order to change.

718
00:35:53,680 --> 00:35:56,799
Speaker 1: But it shows itself in a very unhealthy way, and

719
00:35:56,880 --> 00:36:00,560
Speaker 1: politicians realize this. In the third Turning, Paul Titians look

720
00:36:00,600 --> 00:36:03,040
Speaker 1: at social problems and they just deny them and they

721
00:36:03,080 --> 00:36:05,799
Speaker 1: marginalize them. They don't want to talk about them. Um.

722
00:36:05,800 --> 00:36:09,960
Speaker 1: In the fourth Turning, politicians hijack this populism and they say,

723
00:36:10,080 --> 00:36:12,359
Speaker 1: you know, I'm going to fix it. The problems are

724
00:36:12,400 --> 00:36:14,239
Speaker 1: bad and you need me to fix it. So they

725
00:36:14,360 --> 00:36:17,439
Speaker 1: emphasize the problems and that just this fires the whole

726
00:36:17,440 --> 00:36:21,520
Speaker 1: thing up even worse, and so I expect massive centralization

727
00:36:21,520 --> 00:36:23,880
Speaker 1: of federal government just like in the thirties. You know,

728
00:36:23,920 --> 00:36:25,680
Speaker 1: we already see in the beginning of U B. I

729
00:36:25,680 --> 00:36:28,600
Speaker 1: I think that's nearly inevitable. It will be a continuous thing.

730
00:36:29,000 --> 00:36:31,440
Speaker 1: More business bail it's the yield curve control. I think

731
00:36:31,440 --> 00:36:33,880
Speaker 1: the balance sheet of the US government will probably fifty

732
00:36:34,480 --> 00:36:37,480
Speaker 1: trillion by the end of the decade. UM the New

733
00:36:37,560 --> 00:36:40,160
Speaker 1: New Deal, Right, we're doing the same playbook over and

734
00:36:40,200 --> 00:36:43,279
Speaker 1: over again. Now, what I don't know is UM, I

735
00:36:43,320 --> 00:36:46,480
Speaker 1: don't think COVID's going to be the thing that unites us. Um.

736
00:36:46,640 --> 00:36:50,720
Speaker 1: We could have a civil war in the United States. Sadly,

737
00:36:50,760 --> 00:36:53,759
Speaker 1: I think that there's um. You know, it's trending in

738
00:36:53,800 --> 00:36:56,840
Speaker 1: that direction. We see massive divide between urban and rural,

739
00:36:57,120 --> 00:36:59,799
Speaker 1: between the coastal elites and the you know, the heartland,

740
00:37:00,480 --> 00:37:04,080
Speaker 1: between political parties, individuals, collectivism. But all these different tensions

741
00:37:04,280 --> 00:37:09,560
Speaker 1: Bitcoin versus MMT, crowd right, all those things are getting hostile. UM.

742
00:37:09,600 --> 00:37:13,240
Speaker 1: I think it's about of Americans are are supportive of

743
00:37:13,320 --> 00:37:17,520
Speaker 1: their states seceding. Trust in the federal government is at

744
00:37:17,520 --> 00:37:19,840
Speaker 1: an all time low. So we have all these things

745
00:37:19,880 --> 00:37:23,239
Speaker 1: brewing that's possible. Um, we could also enter some sort

746
00:37:23,280 --> 00:37:25,920
Speaker 1: of a thing with China where their central bank digital

747
00:37:25,960 --> 00:37:32,319
Speaker 1: currency essentially a surveillance dystopian money spreading. Um. Simultaneously, you

748
00:37:32,360 --> 00:37:36,560
Speaker 1: have like, um, let's say Western values implemented in bitcoin,

749
00:37:36,600 --> 00:37:40,560
Speaker 1: which are personal liberty, freedom, um, etcetera. And so I

750
00:37:40,800 --> 00:37:43,520
Speaker 1: could see those two forces colliding somewhere in the middle,

751
00:37:43,800 --> 00:37:46,120
Speaker 1: could turn into a hot war. I don't know what

752
00:37:46,200 --> 00:37:49,200
Speaker 1: if we so if we layered on some other things, right, So,

753
00:37:49,360 --> 00:37:50,840
Speaker 1: like there's it's kind of like if you're looking at

754
00:37:50,880 --> 00:37:54,080
Speaker 1: technical analysis, which I'm not a huge fan of, but um,

755
00:37:54,120 --> 00:37:55,800
Speaker 1: you can see that we're forming a bowl flag and

756
00:37:55,800 --> 00:37:57,640
Speaker 1: it's gonna break to the upside of the downside, right,

757
00:37:57,800 --> 00:37:59,200
Speaker 1: So which way is it going to break? And I

758
00:37:59,200 --> 00:38:01,560
Speaker 1: would say, well, we can also look back to like

759
00:38:01,640 --> 00:38:05,400
Speaker 1: we started talking about nature, Um, so natural law, and

760
00:38:05,440 --> 00:38:08,440
Speaker 1: so there's natural laws like gravity, and you can suspend gravity,

761
00:38:08,480 --> 00:38:10,840
Speaker 1: but at some point gravity is always gonna win. And

762
00:38:10,880 --> 00:38:14,200
Speaker 1: I think natural law tells us that there's a law

763
00:38:14,239 --> 00:38:17,239
Speaker 1: of sewing and reaping. I have to sew before I read,

764
00:38:17,320 --> 00:38:20,680
Speaker 1: I have to produce before I consume, and um, we

765
00:38:20,719 --> 00:38:23,040
Speaker 1: have gotten a long way from that. And so we

766
00:38:23,120 --> 00:38:26,879
Speaker 1: have this uh, multiple generations now who are living off

767
00:38:26,920 --> 00:38:29,400
Speaker 1: the production of of of people in the past, and

768
00:38:29,440 --> 00:38:31,719
Speaker 1: so that's not sustainable. We know that. The other thing

769
00:38:31,760 --> 00:38:35,440
Speaker 1: I would probably say is that, UM, the two options

770
00:38:35,480 --> 00:38:38,359
Speaker 1: you mentioned like a civil war type deal, which is

771
00:38:38,400 --> 00:38:42,840
Speaker 1: breaking apart more decentralization or making the government bigger and

772
00:38:42,880 --> 00:38:45,360
Speaker 1: going into more centralization. And so which way do we

773
00:38:45,400 --> 00:38:46,960
Speaker 1: break right, something big is going to happen. Is it

774
00:38:47,000 --> 00:38:50,080
Speaker 1: more centralized or decentralized? UM. What I would say to that,

775
00:38:50,160 --> 00:38:53,319
Speaker 1: I think is that, UM, if we started kind of

776
00:38:53,320 --> 00:38:57,239
Speaker 1: where we start our first conversation, which is UM, centralized

777
00:38:57,280 --> 00:39:00,480
Speaker 1: planning fails because it can't gather enough data to effectively

778
00:39:00,600 --> 00:39:03,799
Speaker 1: run a country or whatever. And we've seen this with

779
00:39:03,840 --> 00:39:06,480
Speaker 1: like Berlin, like East and West Germany was a perfect example.

780
00:39:06,560 --> 00:39:09,080
Speaker 1: You took the same same people, split it down the middle,

781
00:39:09,120 --> 00:39:11,560
Speaker 1: did one centralized in one open and it was it

782
00:39:11,640 --> 00:39:13,799
Speaker 1: was no comparison. So what I'd say is that even

783
00:39:13,840 --> 00:39:16,839
Speaker 1: if we do move to that centralized model, it's going

784
00:39:16,880 --> 00:39:20,880
Speaker 1: to fail. And so UM, either way it seems like

785
00:39:20,960 --> 00:39:22,680
Speaker 1: we go back. And so I would think that would

786
00:39:22,719 --> 00:39:25,480
Speaker 1: happen in this fourth turning I guess is because you're

787
00:39:25,480 --> 00:39:27,920
Speaker 1: saying that's when this massive change happened, so it seems

788
00:39:27,960 --> 00:39:29,799
Speaker 1: like it should break to the downside. I don't know

789
00:39:29,840 --> 00:39:33,439
Speaker 1: what you think about that. Yeah, it definitely feels that

790
00:39:34,560 --> 00:39:37,520
Speaker 1: if we continue the path around right now, we're gonna

791
00:39:37,680 --> 00:39:40,319
Speaker 1: end and end up in a pretty bad situation for

792
00:39:40,480 --> 00:39:43,680
Speaker 1: liberty for individuals. And the way I see this is

793
00:39:43,719 --> 00:39:46,719
Speaker 1: there's only two ways to coordinate society at scale. You

794
00:39:46,719 --> 00:39:48,799
Speaker 1: either do that with free markets or you do that

795
00:39:48,840 --> 00:39:52,800
Speaker 1: with force. Right, China's going force. Bitcoin sort of represents

796
00:39:52,800 --> 00:39:55,520
Speaker 1: free markets, and so let's say Bitcoin is not even

797
00:39:55,520 --> 00:39:59,640
Speaker 1: in the equation where we headed. We're heading towards China's model, right,

798
00:39:59,680 --> 00:40:02,160
Speaker 1: A is actually going that whole world, the whole world

799
00:40:02,239 --> 00:40:04,480
Speaker 1: is trending that way. The fact that it's outside of

800
00:40:04,480 --> 00:40:07,920
Speaker 1: everyone's control, it's sort of it contests the state's monopoly

801
00:40:07,960 --> 00:40:10,799
Speaker 1: on money. And you know, if that, if that does

802
00:40:10,840 --> 00:40:13,879
Speaker 1: occur and humans do choose that, um, I think we're

803
00:40:13,880 --> 00:40:16,200
Speaker 1: going to be in for and actually a really optimistic

804
00:40:16,239 --> 00:40:18,799
Speaker 1: long term future. However, I think it's going to take

805
00:40:18,840 --> 00:40:20,960
Speaker 1: another five ten years before this thing is going to

806
00:40:21,080 --> 00:40:24,200
Speaker 1: play out. And so I would say, like protect yourself,

807
00:40:24,239 --> 00:40:27,880
Speaker 1: get your head down, like be observant and um, be

808
00:40:28,000 --> 00:40:31,120
Speaker 1: prepared to take advantage of it. I'm curious if you

809
00:40:31,200 --> 00:40:34,040
Speaker 1: know where what turning like, the founding the founding of

810
00:40:34,080 --> 00:40:35,839
Speaker 1: the United States was in. I'm sure you probably looked

811
00:40:35,880 --> 00:40:38,960
Speaker 1: at that. I haven't done the math. Yeah, it's a

812
00:40:38,960 --> 00:40:45,920
Speaker 1: good question, mouth top of my head. So seventeen seventy six, Yeah, okay,

813
00:40:46,160 --> 00:40:49,520
Speaker 1: it was the fourth turney was the American Revolution. Because

814
00:40:49,520 --> 00:40:52,239
Speaker 1: what's interesting about that is, um, if you look at

815
00:40:52,280 --> 00:40:54,880
Speaker 1: the way the United States was founded, which was genius,

816
00:40:55,239 --> 00:40:58,279
Speaker 1: it was founded as a republic, right, not a democracy.

817
00:40:58,560 --> 00:41:00,680
Speaker 1: And what's important to understand about that is that all

818
00:41:00,800 --> 00:41:03,440
Speaker 1: fifty states, well it wasn't fifty at the time, but um,

819
00:41:03,440 --> 00:41:06,800
Speaker 1: the states were meant to be independent or decentralized. So

820
00:41:06,800 --> 00:41:09,200
Speaker 1: it was a decentralized form of governance. So they were

821
00:41:09,200 --> 00:41:14,920
Speaker 1: obviously coming from a kingdom of monarchy since peak peak centralization,

822
00:41:14,960 --> 00:41:17,239
Speaker 1: peak global pea globalization, or whatever you wanna call it.

823
00:41:17,440 --> 00:41:20,920
Speaker 1: And they came and they started a decentralized government, um.

824
00:41:21,000 --> 00:41:24,040
Speaker 1: And so the states were supposed to be sovereign, independent, UM.

825
00:41:24,120 --> 00:41:27,680
Speaker 1: And in that type of governance. UM. Really, the President

826
00:41:27,680 --> 00:41:30,759
Speaker 1: of the United States is hardly a matter for anybody like,

827
00:41:31,160 --> 00:41:33,040
Speaker 1: they don't really have any power control over me, So

828
00:41:33,080 --> 00:41:35,239
Speaker 1: what do I really care who the president is? Only

829
00:41:35,280 --> 00:41:38,120
Speaker 1: because we've continued to centralize the power of the United

830
00:41:38,200 --> 00:41:41,640
Speaker 1: States has that become a bigger issue. Um. So that's

831
00:41:41,640 --> 00:41:43,719
Speaker 1: pretty interesting to think they left that monarchy to come

832
00:41:43,719 --> 00:41:46,920
Speaker 1: to a decentralized place. Um. And I would just say again,

833
00:41:47,000 --> 00:41:50,080
Speaker 1: like we know that centralization fails, and so UM, I

834
00:41:50,080 --> 00:41:52,720
Speaker 1: just think three million people is just too many people

835
00:41:53,120 --> 00:41:56,440
Speaker 1: to live under one policy. It was never meant to

836
00:41:56,480 --> 00:41:59,040
Speaker 1: be that way, and so I don't know, I think

837
00:41:59,080 --> 00:42:02,319
Speaker 1: we break that way. Yeah, I think there's a good

838
00:42:02,360 --> 00:42:04,400
Speaker 1: case for that. And we're starting to see this narrative

839
00:42:04,400 --> 00:42:07,560
Speaker 1: on fold. You've got like Francis Suarez in Miami trying

840
00:42:07,560 --> 00:42:10,479
Speaker 1: to turn Miami into the next Silicon valley. You've got

841
00:42:10,520 --> 00:42:14,440
Speaker 1: Texas recruiting hard giving tax benefits for various things like

842
00:42:14,520 --> 00:42:17,960
Speaker 1: bitcoin mining, Wyoming trying to make it a bitcoin hub,

843
00:42:18,800 --> 00:42:23,719
Speaker 1: even like Appalachian states are offering mining incentives. And so

844
00:42:23,880 --> 00:42:27,160
Speaker 1: you can already see the competition there. And some people

845
00:42:27,239 --> 00:42:30,120
Speaker 1: might find that make make that feel make make them

846
00:42:30,120 --> 00:42:32,960
Speaker 1: feel weird about the competition between states. But the reality

847
00:42:33,040 --> 00:42:35,920
Speaker 1: is that when states compete or any type of competition.

848
00:42:36,239 --> 00:42:40,160
Speaker 1: What happens is the consumer winds and so we want

849
00:42:40,200 --> 00:42:43,160
Speaker 1: them to compete. That will lower taxes. They'll actually start

850
00:42:43,200 --> 00:42:47,520
Speaker 1: treating us like customers rather than like cattle. Right. And

851
00:42:47,560 --> 00:42:49,640
Speaker 1: so the fact that we can move, we can move

852
00:42:49,640 --> 00:42:52,319
Speaker 1: our capital, we can work remotely. That puts a lot

853
00:42:52,320 --> 00:42:54,759
Speaker 1: of power in the people's stance. And what that will

854
00:42:54,760 --> 00:42:57,320
Speaker 1: do is it will cause the state or individual states

855
00:42:57,560 --> 00:43:00,200
Speaker 1: you know general state term. Um, it will cause them

856
00:43:00,239 --> 00:43:03,239
Speaker 1: to fight for us. And I can't think of a

857
00:43:03,280 --> 00:43:06,440
Speaker 1: better world than than states fighting for their individuals. And

858
00:43:06,480 --> 00:43:10,040
Speaker 1: it actually brings some symmetry between the power because if

859
00:43:10,080 --> 00:43:12,399
Speaker 1: we're cattle, were locked in and we can't fight back,

860
00:43:12,440 --> 00:43:15,040
Speaker 1: we have no leverage. But if we're mobile, we can

861
00:43:15,040 --> 00:43:17,959
Speaker 1: take our capital elsewhere, all of a sudden, the state

862
00:43:18,000 --> 00:43:20,520
Speaker 1: has to treat us better. And I think that's a

863
00:43:20,600 --> 00:43:24,520
Speaker 1: huge one for humanity. So um, yeah, I think anybody

864
00:43:24,560 --> 00:43:26,160
Speaker 1: and when when you put it in those simple terms,

865
00:43:26,160 --> 00:43:28,799
Speaker 1: anybody has to agree. I can't imagine anybody could not

866
00:43:28,960 --> 00:43:31,600
Speaker 1: agree with that statement. Where, um, if you're you know,

867
00:43:31,680 --> 00:43:33,880
Speaker 1: you're a consumer and you want to go buy a product,

868
00:43:34,239 --> 00:43:36,680
Speaker 1: you want to have competition, like you want people to

869
00:43:36,719 --> 00:43:38,880
Speaker 1: compete for your business because you're gonna get more choice,

870
00:43:39,080 --> 00:43:40,759
Speaker 1: which is then gonna mean that they're gonna give you

871
00:43:40,800 --> 00:43:43,319
Speaker 1: better service to compete for you, or better prices. UM.

872
00:43:43,360 --> 00:43:45,279
Speaker 1: And so I think everybody wants that, and so why

873
00:43:45,280 --> 00:43:48,440
Speaker 1: wouldn't we want that on a bigger scale? UM, I

874
00:43:48,480 --> 00:43:50,040
Speaker 1: want to So then let's I want to throw one

875
00:43:50,040 --> 00:43:52,799
Speaker 1: more thing on and UM, what's interesting again? Are we

876
00:43:52,840 --> 00:43:54,879
Speaker 1: are we going to break to the upside of the downside? Right?

877
00:43:55,160 --> 00:43:58,200
Speaker 1: And I think what's interesting is UM. At the same time,

878
00:43:58,520 --> 00:44:01,200
Speaker 1: I don't know if it's technically a cycle, but UM,

879
00:44:01,239 --> 00:44:05,239
Speaker 1: there's been four technological revolutions that have happened in the

880
00:44:05,280 --> 00:44:09,720
Speaker 1: last couple hundred years. And so in the seventeen fifties

881
00:44:09,840 --> 00:44:12,080
Speaker 1: or mid seventeen hundreds, we saw the Industrial Revolution. That

882
00:44:12,160 --> 00:44:14,520
Speaker 1: was a massive shift to society, bringing people from fields

883
00:44:14,520 --> 00:44:17,359
Speaker 1: to factories. UM. Then we saw eighteen hundreds of steam

884
00:44:17,400 --> 00:44:20,160
Speaker 1: engines and steel that was massive. Instead of rowing across

885
00:44:20,200 --> 00:44:22,360
Speaker 1: the ocean or sailing, now we could have that, or

886
00:44:22,360 --> 00:44:25,000
Speaker 1: we could use trains. Um. And then obviously steal we

887
00:44:25,000 --> 00:44:30,640
Speaker 1: could build stuff electricity, cars, UM, telecommunications, microprocesses. But today,

888
00:44:30,800 --> 00:44:32,520
Speaker 1: so if you count that up, that's about every fifty

889
00:44:32,600 --> 00:44:35,520
Speaker 1: years is a new technology of revolution, not a not

890
00:44:35,560 --> 00:44:38,800
Speaker 1: a new technology, but a revolution um. And I believe

891
00:44:38,840 --> 00:44:41,279
Speaker 1: we're there again. Right, we were fifty years from that

892
00:44:41,360 --> 00:44:44,360
Speaker 1: ninety one date. And I think what's interesting about that

893
00:44:44,440 --> 00:44:46,920
Speaker 1: is we have this new, brand new technology that we

894
00:44:47,000 --> 00:44:49,279
Speaker 1: kind of started talking about in the beginning, where people

895
00:44:49,400 --> 00:44:51,040
Speaker 1: have a hard time trying to figure out what it

896
00:44:51,160 --> 00:44:53,560
Speaker 1: is because it's a lot of things and we really

897
00:44:53,600 --> 00:44:55,560
Speaker 1: have no idea where it goes in the future. But

898
00:44:55,600 --> 00:44:58,319
Speaker 1: we have this new new technology. It solved the problem

899
00:44:58,480 --> 00:45:03,600
Speaker 1: of decentralization, and so it seems like the world's moving

900
00:45:03,600 --> 00:45:06,560
Speaker 1: into a pivotal point where it needs to make a decision. Um.

901
00:45:06,600 --> 00:45:11,759
Speaker 1: It seems like decentralized governance organizations are the way to go.

902
00:45:12,320 --> 00:45:14,480
Speaker 1: And at the same time, we have a technological revolution

903
00:45:14,920 --> 00:45:17,200
Speaker 1: that we don't know what it is yet, but it's

904
00:45:17,200 --> 00:45:20,880
Speaker 1: a technology that allows for decentralization at the same time,

905
00:45:21,360 --> 00:45:24,360
Speaker 1: do you think that could swing the balance? Yeah, I

906
00:45:24,360 --> 00:45:25,960
Speaker 1: think you're bringing up a good point here, and I

907
00:45:26,000 --> 00:45:28,520
Speaker 1: would zoom way out and say as a as a

908
00:45:28,520 --> 00:45:32,120
Speaker 1: as a country today we have two main problems, um.

909
00:45:32,200 --> 00:45:34,920
Speaker 1: One of them is that the financial systems breaking. Whether

910
00:45:34,960 --> 00:45:36,920
Speaker 1: we have bitcoin or not. The things at the end

911
00:45:36,920 --> 00:45:39,640
Speaker 1: of its time. Right this, this happens throughout history. Ray

912
00:45:39,680 --> 00:45:42,279
Speaker 1: Dalio would call it or popularize as the long term

913
00:45:42,280 --> 00:45:46,239
Speaker 1: credit cycle. Interest rates hit zero, debt explodes, and we

914
00:45:46,280 --> 00:45:47,919
Speaker 1: have to figure a way out of it. So that's

915
00:45:47,920 --> 00:45:50,040
Speaker 1: happening at the same time we're in the fourth turning.

916
00:45:50,080 --> 00:45:53,560
Speaker 1: So that's the social element, that's people demanding order in

917
00:45:53,600 --> 00:45:56,880
Speaker 1: the world where the institutions are crumbling. And what's interesting

918
00:45:56,920 --> 00:45:59,840
Speaker 1: here is that bitcoin is actually that the potential answer

919
00:45:59,880 --> 00:46:02,400
Speaker 1: to both of these two from the economic or the

920
00:46:02,440 --> 00:46:05,640
Speaker 1: financial side, Bitcoin is a parallel system. It is a

921
00:46:05,719 --> 00:46:08,040
Speaker 1: life raft where you can get on one by one

922
00:46:08,360 --> 00:46:11,560
Speaker 1: which relieves pressure from the old system, puts people onto

923
00:46:11,560 --> 00:46:14,359
Speaker 1: this new system that grows, and so that actually might

924
00:46:14,360 --> 00:46:18,160
Speaker 1: create the first peaceful transition in history um during the

925
00:46:18,280 --> 00:46:23,160
Speaker 1: Fourth turning. And simultaneously, Bitcoin actually is the most constant,

926
00:46:23,360 --> 00:46:27,600
Speaker 1: orderly bedrock thing for all the humanity in terms of money. Right,

927
00:46:27,640 --> 00:46:30,799
Speaker 1: money is that base layer protocol for for coordination of

928
00:46:30,800 --> 00:46:33,040
Speaker 1: our species. And Bitcoin, all of a sudden is a

929
00:46:33,080 --> 00:46:36,320
Speaker 1: new version of this that is more stable, more sturdy,

930
00:46:36,360 --> 00:46:39,520
Speaker 1: more constant than anything we've ever seen before. And then

931
00:46:39,560 --> 00:46:41,520
Speaker 1: you have to ask the question, what does that mean?

932
00:46:41,640 --> 00:46:45,160
Speaker 1: What is the future of that? And I think your

933
00:46:45,160 --> 00:46:48,600
Speaker 1: analogy with steel is really sound here. Right before steel,

934
00:46:48,680 --> 00:46:52,120
Speaker 1: we could only build buildings a few stories tall, and

935
00:46:52,160 --> 00:46:53,960
Speaker 1: then all of a sudden, we have steel, and we

936
00:46:54,040 --> 00:46:56,520
Speaker 1: have a better tool to build way higher. We can

937
00:46:56,520 --> 00:46:59,319
Speaker 1: build bridges, we can actually make Manhattan what it is.

938
00:47:00,040 --> 00:47:03,359
Speaker 1: And so I think bitcoin is that. And the way

939
00:47:03,400 --> 00:47:06,640
Speaker 1: I would frame this up is that over time, institutions,

940
00:47:06,719 --> 00:47:09,799
Speaker 1: let's say central banking, it's run by people, and over

941
00:47:09,840 --> 00:47:13,640
Speaker 1: time people and our institutions decay. And that's because they're

942
00:47:13,640 --> 00:47:16,520
Speaker 1: easy to change, run by central planners. You know, they

943
00:47:16,600 --> 00:47:20,000
Speaker 1: hide risk with protectionism, and all that volatility explodes later

944
00:47:20,040 --> 00:47:24,200
Speaker 1: and causes problems um each time, disproportionately hurting the little guy.

945
00:47:24,800 --> 00:47:28,719
Speaker 1: But what bitcoin does, it's actually resistant to change, and

946
00:47:29,080 --> 00:47:32,200
Speaker 1: you're trusting the math. You're trusting the protocol instead of

947
00:47:32,239 --> 00:47:36,640
Speaker 1: the people, and that that essentially accepts the fact that

948
00:47:36,680 --> 00:47:38,600
Speaker 1: we shouldn't let people do the money. It should be

949
00:47:38,640 --> 00:47:41,680
Speaker 1: outsourced to this protocol, and that that changes a lot

950
00:47:41,719 --> 00:47:43,960
Speaker 1: of things. And I in my mind, it's a sturdier

951
00:47:44,040 --> 00:47:47,719
Speaker 1: foundation upon which we can build a greater society. And

952
00:47:47,840 --> 00:47:52,040
Speaker 1: bitcoin accepts all the volatility short term, which shows up

953
00:47:52,040 --> 00:47:54,120
Speaker 1: in the price, right, it can't hide it, it just

954
00:47:54,280 --> 00:47:56,120
Speaker 1: it shows up in the price. There's no one to

955
00:47:56,239 --> 00:47:59,080
Speaker 1: pull the strings beyond the curtain. But in exchange for

956
00:47:59,160 --> 00:48:04,160
Speaker 1: that short term volatility, what you get is systemic stability, okay.

957
00:48:04,200 --> 00:48:05,920
Speaker 1: And and that is the thing that we need. It's

958
00:48:05,920 --> 00:48:09,560
Speaker 1: gonna smooth out the business cycle. It's gonna potentially, uh

959
00:48:09,719 --> 00:48:13,120
Speaker 1: damp in these these major cyclical trends we see in

960
00:48:13,160 --> 00:48:16,080
Speaker 1: society because we don't have that blow off top, we

961
00:48:16,080 --> 00:48:19,560
Speaker 1: don't have that screw up everything start over period. And

962
00:48:19,640 --> 00:48:22,799
Speaker 1: so um, yeah, that's why I'm seeing this. Yeah. And

963
00:48:22,840 --> 00:48:25,600
Speaker 1: on top of that, I would also add that um,

964
00:48:25,840 --> 00:48:27,360
Speaker 1: as you were kind of saying, you know, moving to

965
00:48:27,440 --> 00:48:30,280
Speaker 1: this centralized world, and then and then in the turning,

966
00:48:30,320 --> 00:48:32,799
Speaker 1: we lose in the fourth turning, we lose trust in

967
00:48:32,800 --> 00:48:35,520
Speaker 1: those institutions. Um. And of course, like I said, where

968
00:48:35,560 --> 00:48:37,960
Speaker 1: we're seeing that today, and and there's all kinds of

969
00:48:37,960 --> 00:48:39,879
Speaker 1: polls that show trust is at an all time low

970
00:48:40,000 --> 00:48:41,880
Speaker 1: level um. And at the end of the day, Fiat

971
00:48:41,880 --> 00:48:44,600
Speaker 1: currency is only backed by trusting in it um. Whereas

972
00:48:44,640 --> 00:48:46,720
Speaker 1: now we have this system that's that that's called trust

973
00:48:46,719 --> 00:48:49,360
Speaker 1: the lists, so it doesn't require anybody to trust it

974
00:48:49,400 --> 00:48:53,919
Speaker 1: because it's mathematics, and because it's open source, it's transparent. Um,

975
00:48:53,920 --> 00:48:56,120
Speaker 1: it's trust lists. And so I mean it's hard to

976
00:48:56,160 --> 00:48:59,680
Speaker 1: imagine how that really shift shifts humanity because I would

977
00:48:59,680 --> 00:49:02,160
Speaker 1: guess the problem since the beginning of time was how

978
00:49:02,160 --> 00:49:04,439
Speaker 1: do I trust you? How do I trust my leader?

979
00:49:04,520 --> 00:49:05,800
Speaker 1: How do I trust my bank? Or how do I

980
00:49:05,840 --> 00:49:07,760
Speaker 1: trust However, and now if we go to a system

981
00:49:07,760 --> 00:49:10,040
Speaker 1: that just removes the need for that, I mean, it's

982
00:49:10,040 --> 00:49:13,040
Speaker 1: hard to imagine where that could go. Yeah. Absolutely, Um,

983
00:49:13,640 --> 00:49:17,000
Speaker 1: there's so many ways if you could take this, but UM, yeah,

984
00:49:17,200 --> 00:49:18,480
Speaker 1: I'm not sure where you want to go with this.

985
00:49:18,640 --> 00:49:21,959
Speaker 1: I I see a big picture between I just I guess,

986
00:49:21,960 --> 00:49:24,359
Speaker 1: I guess I was just looking at the head of this, uh,

987
00:49:24,400 --> 00:49:26,960
Speaker 1: the cycles turning, and I was just trying to predict,

988
00:49:27,000 --> 00:49:28,359
Speaker 1: you know, which where where do we go from here?

989
00:49:28,360 --> 00:49:30,520
Speaker 1: Trying to predict the future? Um, And and that's I

990
00:49:30,560 --> 00:49:32,080
Speaker 1: guess That's where I'm trying to go with it. So

991
00:49:32,360 --> 00:49:34,319
Speaker 1: we have, uh, you know, over the next five ten

992
00:49:34,400 --> 00:49:36,880
Speaker 1: years we're at the fourth turning. Massive change is happening.

993
00:49:37,200 --> 00:49:39,359
Speaker 1: Which way does that change happen? We have on one

994
00:49:39,400 --> 00:49:41,960
Speaker 1: side of the equation, we have the world economic forum

995
00:49:41,960 --> 00:49:44,640
Speaker 1: telling us that you're gonna own nothing and you're gonna

996
00:49:44,640 --> 00:49:48,120
Speaker 1: be happy with that. Um. You know, So that's that's

997
00:49:48,200 --> 00:49:50,759
Speaker 1: one model, that's one world. But over here we have

998
00:49:50,840 --> 00:49:54,080
Speaker 1: another movement, another technological revolution is happening that could potentially

999
00:49:54,080 --> 00:49:56,239
Speaker 1: take us into the future. And so which one of

1000
00:49:56,400 --> 00:50:00,000
Speaker 1: and those are both ten year visions, which one wins? Um.

1001
00:50:00,160 --> 00:50:04,800
Speaker 1: I tend to believe that, Um, the way that decentralization

1002
00:50:04,880 --> 00:50:07,360
Speaker 1: is the way competition is always going to be a

1003
00:50:07,360 --> 00:50:10,360
Speaker 1: command economy, and that's the way that I'm seeing a

1004
00:50:10,400 --> 00:50:11,880
Speaker 1: play out. And I don't know what what do you

1005
00:50:11,880 --> 00:50:15,840
Speaker 1: see on that? Yeah? I agree, Um, I think I

1006
00:50:15,840 --> 00:50:17,360
Speaker 1: think you've framed it right. It's going to be the

1007
00:50:17,400 --> 00:50:22,400
Speaker 1: central bank, digital currency, China dystopia, World Economic forum version,

1008
00:50:22,800 --> 00:50:25,120
Speaker 1: or it's going to be the version of freedom and

1009
00:50:25,160 --> 00:50:29,840
Speaker 1: decentralization individual liberty. And I also agree that over time,

1010
00:50:29,880 --> 00:50:32,880
Speaker 1: what we see is that market based solutions out compete

1011
00:50:32,880 --> 00:50:35,919
Speaker 1: the command and control and so I think long term

1012
00:50:35,960 --> 00:50:39,239
Speaker 1: bitcoin is the winner. Um. The hard part here is

1013
00:50:39,400 --> 00:50:42,879
Speaker 1: what's going to happen in this transitionary period. Things could

1014
00:50:42,880 --> 00:50:46,640
Speaker 1: get pretty crazy. I think I get concerned seeing my

1015
00:50:46,840 --> 00:50:51,239
Speaker 1: peers following along to the mainstream narrative and asking for

1016
00:50:51,320 --> 00:50:54,560
Speaker 1: things that are directly against their own interest. And we

1017
00:50:54,600 --> 00:50:56,719
Speaker 1: can argue about why that is, but I think most

1018
00:50:56,719 --> 00:50:58,759
Speaker 1: people just kind of go with the herd, and so

1019
00:50:58,800 --> 00:51:02,359
Speaker 1: it puts responsibility on people who maybe pop their head

1020
00:51:02,400 --> 00:51:04,920
Speaker 1: out of the water, look around and and try to

1021
00:51:04,960 --> 00:51:07,480
Speaker 1: see to the future and and try to find other

1022
00:51:07,560 --> 00:51:11,200
Speaker 1: people who are asking these big questions, maybe for for

1023
00:51:11,239 --> 00:51:14,200
Speaker 1: whatever reason they have. And so yeah, I see that

1024
00:51:14,280 --> 00:51:16,880
Speaker 1: fight playing out, But I do think that bitcoin wins,

1025
00:51:17,080 --> 00:51:20,840
Speaker 1: and I also think that truth ultimately wins, right and

1026
00:51:20,880 --> 00:51:23,839
Speaker 1: bitcoin just is the better solution for humanity, So over

1027
00:51:23,880 --> 00:51:25,640
Speaker 1: a long enough time period, I think we'll have it.

1028
00:51:26,080 --> 00:51:29,400
Speaker 1: And it also makes a better base of a financial

1029
00:51:29,440 --> 00:51:32,399
Speaker 1: system just as an asset. It works better for what

1030
00:51:32,480 --> 00:51:35,920
Speaker 1: we need right now, which is a global world and

1031
00:51:35,960 --> 00:51:38,080
Speaker 1: you need to be able to do global commerce without

1032
00:51:38,160 --> 00:51:42,240
Speaker 1: necessarily trusting each other. Right now, we have this dollar

1033
00:51:42,280 --> 00:51:45,480
Speaker 1: based this petro dollar based system that is good for

1034
00:51:45,520 --> 00:51:48,839
Speaker 1: America because American empire, because we can use it as

1035
00:51:48,880 --> 00:51:51,719
Speaker 1: a weapon around the world. But many other states are

1036
00:51:51,800 --> 00:51:54,200
Speaker 1: sort of under the thumb of America and they don't

1037
00:51:54,280 --> 00:51:57,560
Speaker 1: like the petro dollar system. Even the Europeans, who we

1038
00:51:57,600 --> 00:52:00,320
Speaker 1: would consider allies, they're not really down for the Petrick

1039
00:52:00,320 --> 00:52:03,960
Speaker 1: dollar system anymore. And so yeah, what you're gonna see

1040
00:52:04,040 --> 00:52:07,000
Speaker 1: is states starting to break away from this dollar reserve.

1041
00:52:07,120 --> 00:52:11,120
Speaker 1: The US Empire loses power in that period, and then okay, fine,

1042
00:52:11,160 --> 00:52:13,840
Speaker 1: they're gonna double down on this commanding control model with

1043
00:52:13,880 --> 00:52:16,680
Speaker 1: the central bank digital currencies, which might work for a

1044
00:52:16,719 --> 00:52:19,880
Speaker 1: few years, but it's not a long term solution because

1045
00:52:19,960 --> 00:52:23,760
Speaker 1: incomes bitcoin. Um, you can't stop it, and the game

1046
00:52:23,800 --> 00:52:27,080
Speaker 1: theory would suggest that, um, if you can't stop it,

1047
00:52:27,200 --> 00:52:29,920
Speaker 1: the best move is to actually adopt it. And we're

1048
00:52:29,920 --> 00:52:32,640
Speaker 1: starting to see this at the corporation level. Some states

1049
00:52:32,680 --> 00:52:35,919
Speaker 1: already own it. I foresee that once one large state announces,

1050
00:52:36,239 --> 00:52:39,400
Speaker 1: the game's over Bitcoin one and it makes sense as

1051
00:52:39,440 --> 00:52:42,640
Speaker 1: an asset because you can settle balances between parties that

1052
00:52:42,719 --> 00:52:46,960
Speaker 1: don't trust each other with this credibly neutral monitory system. Yeah,

1053
00:52:47,120 --> 00:52:49,839
Speaker 1: we've never had that before, and so I think people

1054
00:52:49,840 --> 00:52:52,440
Speaker 1: will realize that it's obvious. Um. And then the next

1055
00:52:52,520 --> 00:52:55,040
Speaker 1: question is, if we're going through this crazy transition, what

1056
00:52:55,080 --> 00:52:58,640
Speaker 1: do we do as individuals to protect ourselves? Right, it's

1057
00:52:58,640 --> 00:53:02,200
Speaker 1: a period of high volatile and so some ways you

1058
00:53:02,239 --> 00:53:04,600
Speaker 1: can do this. You can have a monetary have some

1059
00:53:04,680 --> 00:53:06,960
Speaker 1: of your wealth in an asset that's not tied to

1060
00:53:07,040 --> 00:53:10,400
Speaker 1: the old system. Right. Bitcoin represents this well um to

1061
00:53:10,480 --> 00:53:13,360
Speaker 1: a lesser extent in my view, gold Um, Maybe you

1062
00:53:13,360 --> 00:53:16,560
Speaker 1: can have a second passport. Maybe your individual state is

1063
00:53:16,600 --> 00:53:19,560
Speaker 1: going to react negatively during this transition period, so having

1064
00:53:19,560 --> 00:53:22,880
Speaker 1: a backup plan makes sense. Maybe having multiple sources of

1065
00:53:22,880 --> 00:53:26,839
Speaker 1: income in case the industry you're in is shut down, right,

1066
00:53:26,920 --> 00:53:32,120
Speaker 1: be liquid, be uncancellable. Right as that massive of mainstream

1067
00:53:32,160 --> 00:53:35,960
Speaker 1: culture goes around eating anyone who's not participating, you don't

1068
00:53:35,960 --> 00:53:38,479
Speaker 1: want to be a collateral damage in that. And so

1069
00:53:38,880 --> 00:53:41,520
Speaker 1: maybe don't work for a corporation that will cancel you

1070
00:53:41,920 --> 00:53:43,520
Speaker 1: or whatever way you want to do that. And also

1071
00:53:43,600 --> 00:53:46,759
Speaker 1: find allies, find like minded people, form a network of

1072
00:53:46,800 --> 00:53:50,080
Speaker 1: real humans who have similar values. Right as we can't

1073
00:53:50,120 --> 00:53:53,160
Speaker 1: just go hiding our bunkers. We need allies. We are

1074
00:53:53,200 --> 00:53:55,759
Speaker 1: a social species and we're better because of it. And

1075
00:53:55,800 --> 00:53:58,719
Speaker 1: so if that's localism, if that's bitcoin ers, if that's

1076
00:53:58,960 --> 00:54:02,040
Speaker 1: the market disruptor community, whatever it is, find your people

1077
00:54:02,560 --> 00:54:06,319
Speaker 1: and form real relationships. Yeah, man, that is uh that

1078
00:54:06,480 --> 00:54:08,799
Speaker 1: that's all really good stuff. That's actionable stuff. I mean,

1079
00:54:08,800 --> 00:54:11,200
Speaker 1: you gave people actionable stuff that they can do. Um,

1080
00:54:11,239 --> 00:54:14,759
Speaker 1: that's all stuff that I would definitely recommend as well. Um. Uh,

1081
00:54:14,960 --> 00:54:18,520
Speaker 1: definitely finding that community is a big piece. Um because

1082
00:54:18,840 --> 00:54:20,200
Speaker 1: you know, your friends are always going to tell you

1083
00:54:20,280 --> 00:54:22,320
Speaker 1: to skip your diet tonight. You can start tomorrow or

1084
00:54:22,320 --> 00:54:25,240
Speaker 1: skip your work out tomorrow, or don't worry about investing

1085
00:54:25,320 --> 00:54:28,319
Speaker 1: or whatever it may be. So find that right community. Uh.

1086
00:54:28,320 --> 00:54:30,520
Speaker 1: Swan bitcoin has done a great job building up not

1087
00:54:30,520 --> 00:54:33,000
Speaker 1: only community but education. Uh you want to go ahead

1088
00:54:33,000 --> 00:54:34,319
Speaker 1: and just tell us about some of that real quick

1089
00:54:34,400 --> 00:54:38,120
Speaker 1: to wrap it up. Yeah, absolutely so swan bitcoin dot com.

1090
00:54:38,680 --> 00:54:40,439
Speaker 1: You can think of it like an app on top

1091
00:54:40,520 --> 00:54:42,680
Speaker 1: of a bank, or you could say it's just a

1092
00:54:42,760 --> 00:54:45,600
Speaker 1: really easy way to buy bitcoin. And so we just

1093
00:54:45,640 --> 00:54:48,120
Speaker 1: wanted to make it, you know, brain dead simple for

1094
00:54:48,719 --> 00:54:51,080
Speaker 1: the new people out there or or the experienced people.

1095
00:54:51,120 --> 00:54:53,360
Speaker 1: But um, it's very easy to use, I guess is

1096
00:54:53,360 --> 00:54:55,680
Speaker 1: the key point there. And you can buy you know,

1097
00:54:55,760 --> 00:54:58,680
Speaker 1: one time by you can set up an automatic recurring plan,

1098
00:54:58,800 --> 00:55:00,680
Speaker 1: which is kind of what we found into the business

1099
00:55:00,680 --> 00:55:02,480
Speaker 1: on so you could buy you know, fifty dollars a

1100
00:55:02,480 --> 00:55:04,319
Speaker 1: week or a thousand bucks a month or whatever your

1101
00:55:04,360 --> 00:55:06,560
Speaker 1: number is. You set it up once connect to your

1102
00:55:06,560 --> 00:55:09,440
Speaker 1: band and kit go. Um, you can leave your bitcoin

1103
00:55:09,480 --> 00:55:11,840
Speaker 1: with Swan or you can auto withdraw it into your

1104
00:55:11,880 --> 00:55:15,800
Speaker 1: own cold storage. So just think like really easy, customizable,

1105
00:55:16,000 --> 00:55:19,560
Speaker 1: UX good platform. And we also focus only on bitcoin,

1106
00:55:20,080 --> 00:55:23,399
Speaker 1: and we focus on our education and media brand. Um,

1107
00:55:23,440 --> 00:55:25,759
Speaker 1: and we have very low fees and so yeah, we

1108
00:55:25,800 --> 00:55:28,000
Speaker 1: believe it's the best place to buy bitcoin in the US.

1109
00:55:27,840 --> 00:55:30,080
Speaker 1: That's what I wanted you to highlight was just you

1110
00:55:30,120 --> 00:55:32,160
Speaker 1: guys have done such a good job on the media

1111
00:55:32,280 --> 00:55:34,920
Speaker 1: and the education side and creating these communities. So I

1112
00:55:34,920 --> 00:55:37,040
Speaker 1: know you have like maybe one of the largest bitcoin

1113
00:55:37,080 --> 00:55:40,120
Speaker 1: communities on Clubhouse and um, you know you have all

1114
00:55:40,120 --> 00:55:42,799
Speaker 1: these different places and so uh as part of your

1115
00:55:42,880 --> 00:55:45,799
Speaker 1: last kind of tips to survive this change was to

1116
00:55:45,840 --> 00:55:47,880
Speaker 1: build those communities, and so I think you guys have

1117
00:55:47,920 --> 00:55:49,719
Speaker 1: done a real good job of doing that. So that's

1118
00:55:49,719 --> 00:55:52,200
Speaker 1: why I was asking to talk about a little bit. Yeah,

1119
00:55:52,200 --> 00:55:54,280
Speaker 1: I appreciate that, Mark, I'll touch on that for sure.

1120
00:55:54,320 --> 00:55:57,640
Speaker 1: So what we found is that the more someone understands

1121
00:55:57,680 --> 00:56:01,879
Speaker 1: about bitcoin, the more bitcoin they buy. It's really that straightforward.

1122
00:56:01,920 --> 00:56:05,080
Speaker 1: And rarely do people learn a lot and then own less,

1123
00:56:05,520 --> 00:56:09,120
Speaker 1: and so it almost never happens. And so our business

1124
00:56:09,120 --> 00:56:12,200
Speaker 1: model from like a marketing standpoint, is simply to teach

1125
00:56:12,239 --> 00:56:14,399
Speaker 1: people about bitcoin because the more they know, the more

1126
00:56:14,440 --> 00:56:17,080
Speaker 1: they buy. And they're gonna remember us as the people

1127
00:56:17,080 --> 00:56:20,600
Speaker 1: who teach them, educate them, shepherd, m form community with them,

1128
00:56:20,880 --> 00:56:23,680
Speaker 1: and then we we monetize that community build and education

1129
00:56:23,760 --> 00:56:27,200
Speaker 1: through our product. And so yes, Swans everywhere, we're we're

1130
00:56:27,239 --> 00:56:30,560
Speaker 1: onboarding thousands of boomers a month, or onboarding the young

1131
00:56:30,640 --> 00:56:33,800
Speaker 1: people too, and we're creating different types of community, different

1132
00:56:33,840 --> 00:56:38,120
Speaker 1: types of content media all around this stuff because um, yeah,

1133
00:56:38,120 --> 00:56:40,560
Speaker 1: we believe it's important for humanity, we believe it's good

1134
00:56:40,600 --> 00:56:43,400
Speaker 1: for the individual, and we're just simply out there trying

1135
00:56:43,440 --> 00:56:45,600
Speaker 1: to teach people about it. So come to Swan bitcoin

1136
00:56:45,680 --> 00:56:49,120
Speaker 1: dot com. Check our blog, check our podcasts, want signal live,

1137
00:56:49,239 --> 00:56:52,960
Speaker 1: check to check us out in clubhouse Twitter, we're everywhere. Yeah, Okay, Um,

1138
00:56:53,000 --> 00:56:54,640
Speaker 1: so I'm gonna go ahead and make sure we include

1139
00:56:54,680 --> 00:56:58,360
Speaker 1: all those links in the show notes down below. Um so, um,

1140
00:56:58,440 --> 00:57:00,239
Speaker 1: we'll go ahead and whatever you send me on and

1141
00:57:00,320 --> 00:57:02,000
Speaker 1: put down there for everybody anywhere else they want to

1142
00:57:02,000 --> 00:57:04,120
Speaker 1: follow you. I think you're pretty active on Twitter. Uh,

1143
00:57:04,200 --> 00:57:06,239
Speaker 1: you're still writing articles on Medium or anything you want

1144
00:57:06,239 --> 00:57:09,360
Speaker 1: to plug anything else. Yeah, I'm most active on Twitter.

1145
00:57:09,480 --> 00:57:12,040
Speaker 1: My d M s are open at b quit um.

1146
00:57:12,160 --> 00:57:13,759
Speaker 1: Let's check it out in the show notes. And I

1147
00:57:13,800 --> 00:57:17,000
Speaker 1: do publish my writing now all on branding quitum dot

1148
00:57:17,040 --> 00:57:19,520
Speaker 1: com just my first name dot com. You can check

1149
00:57:19,560 --> 00:57:23,120
Speaker 1: out previous media experiences, the articles we've discussed, and plenty

1150
00:57:23,160 --> 00:57:24,880
Speaker 1: more there. And you know, if any of this stuff

1151
00:57:24,920 --> 00:57:28,640
Speaker 1: is interesting, come say hello. Nice. All right, Brandon, thanks

1152
00:57:28,640 --> 00:57:30,960
Speaker 1: so much for this conversation. Hopefully it was i opening

1153
00:57:30,960 --> 00:57:32,720
Speaker 1: for everybody else as it was for me. Um. I

1154
00:57:32,840 --> 00:57:35,640
Speaker 1: love being able to, you know, just even just sharpen

1155
00:57:35,680 --> 00:57:38,000
Speaker 1: these ideas bouncing back and forth off of each other,

1156
00:57:38,080 --> 00:57:40,919
Speaker 1: so super fun for me. So thank you so much. Yeah,

1157
00:57:41,040 --> 00:57:43,120
Speaker 1: thanks Mark, I really appreciate it, all right,