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Speaker 1: All right, here we go, Max and Stacy.

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Speaker 2: Now I don't know is it official or unofficial tourism

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Speaker 2: board of El Salvador.

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Speaker 1: I got a lot to talk about.

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Speaker 2: I'm excited that you've taken the time to sit down

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Speaker 2: and talk with me, so thank you for that. I

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Speaker 2: want to talk about El Salvador, obviously, something I've been

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Speaker 2: super excited about, which is like this passport system. I've

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Speaker 2: been asking you guys about it since you went down there.

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Speaker 2: I know there's news about that. I want to talk

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Speaker 2: about that, but I want to start up a little

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Speaker 2: bit higher up on the food chain, if we can,

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Speaker 2: and sort of talk about maybe the example that El

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Speaker 2: Salvador is right really kind of creating for the world,

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Speaker 2: and maybe the direction that the whole world seems to

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Speaker 2: be shifting in. Maybe at this point, and if you're

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Speaker 2: looking at mainstream headlines, there's a rise of nationalism or

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Speaker 2: far right extremism sweeping across Europe.

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Speaker 1: And things like that. Obviously, I don't think either of

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Speaker 1: us think about it like that, but.

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Speaker 2: Really maybe it is. It is sort of the pendulum,

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Speaker 2: as I call it, swinging back. And I saw a

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Speaker 2: tweet that I think Max had put out, which by

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Speaker 2: the way, I haven't been on Twitter for five months now.

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Speaker 2: Someone hacked into my account, reset my two fa and

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Speaker 2: I haven't been able to get in Twitter in five months.

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Speaker 2: But you said something about that living outside the US

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Speaker 2: for twenty years gave you an edge, and so I know,

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Speaker 2: I saw that there's a whole bunch of like old

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Speaker 2: footage of you.

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Speaker 1: Guys that's been resurfacing.

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Speaker 2: You guys have been sharing and you've been talking about

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Speaker 2: these types of topics sort of you know, Fiat money

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Speaker 2: ruining the system, the bankers, the kleptocracy there even before bitcoin,

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Speaker 2: and so what is this that living outside the country

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Speaker 2: for twenty years and reporting on this has sort of

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Speaker 2: given you this edge to see how the world is

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Speaker 2: shifting right now.

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Speaker 3: Right, I'm Mark, Yeah, So you know, the global empire

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Speaker 3: that is America is a debt driven it's a financial empire,

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Speaker 3: and once you leave the United States you see it

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Speaker 3: more clearly how it works in other countries. And maxim

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Speaker 3: Stacy have been reporting on this now for many years.

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Speaker 3: Stays and myself both met as expats. We had both

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Speaker 3: been living out of the country for many years, and

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Speaker 3: so we came together and we were able to speak

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Speaker 3: really on the same wavelength about kind of seeing the

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Speaker 3: US from this perspective of living outside of the US.

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Speaker 3: And I think that's why our financial reporting had an

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Speaker 3: edge to it, because we were able to put it

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Speaker 3: into context of the global economy and the way other

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Speaker 3: people see it, other countries see it, and I think

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Speaker 3: that's kind of what I was getting out there.

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Speaker 2: Yeah, so just a different perspective. I know, I travel

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Speaker 2: a lot, so I understand that being in a debt

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Speaker 2: based economy. I mean it's not just the United States.

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Speaker 2: I mean, I know you were over in Europe quite

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Speaker 2: a bit reporting on Europe and so forth. I mean

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Speaker 2: that's also a debt based monetary system as well. It's

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Speaker 2: not the dollar, but I mean they're still sort of

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Speaker 2: on the dollar system or the euro dollar system or

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Speaker 2: printing euros. So I mean they're basically in the same boat,

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Speaker 2: sort of the whole world in this fiat money boat,

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Speaker 2: if you will.

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Speaker 3: Yeah, exactly, And you're right. All the countries starting in

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Speaker 3: nineteen seventy one went on a pure fiat money standard. Europe,

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Speaker 3: of course, as the European Central Bank and the Bank

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Speaker 3: of England and the Federal Reserve Bank and the Bank

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Speaker 3: of Japan, but they all kind of feedback to mother

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Speaker 3: the mothership that is the Federal Reserve Bank. Certainly, after

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Speaker 3: World War Two, the US took this global role as

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Speaker 3: being the world's kind of banker, and as a result,

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Speaker 3: everybody kind of answers to what's happening in the US

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Speaker 3: up until maybe things have gotten much different with the

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Speaker 3: advent of bigcoin and the geopolitics has changed somewhat. But yeah,

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Speaker 3: you're right, everyone is kind of in the same boat.

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Speaker 3: So the stuff that we're reporting on would relate to

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Speaker 3: everybody has that understanding and they want to know why

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Speaker 3: they live in this fiat money system, why it's so crummy,

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Speaker 3: and so it does relate to everybody because they all

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Speaker 3: because we're all living in a similar situation.

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Speaker 2: It seems like, you know, first people that are paying

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Speaker 2: attention and sort of understand this, it seems like, well,

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Speaker 2: it doesn't just seem it is that the Fiat money

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Speaker 2: system is broken. It's broken from the start. I think

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Speaker 2: it's probably a lot of people. You know, Harry Dent

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Speaker 2: Junior has been writing books for twelve years calling the

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Speaker 2: end of you know, the end of the market, the crash.

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Speaker 2: People have been calling for the death of the dollar.

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Speaker 2: On one hand, it seems like the central bankers continue

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Speaker 2: to have more and more magic tricks up their sleeve,

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Speaker 2: and like, are you surprised how long they've been able

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Speaker 2: to keep this charade going. I guess, like I said,

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Speaker 2: how many tricks they can pull their sleeve.

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Speaker 3: Well, I don't think it's really working because the purchasing

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Speaker 3: power of fiat money all over the world continues to decline,

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Speaker 3: so and people are starting to unders feel the inflation.

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Speaker 3: Even at the mothership country in the US, inflation is

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Speaker 3: really starting to rage. And we see the wealth and

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Speaker 3: income gap spread all over the world, and we see

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Speaker 3: poverty rates increasing. That's the result of the fiat money system.

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Speaker 3: So that the tricks are not really working, and we

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Speaker 3: stay it on the ground, there's a lot more social unrest,

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Speaker 3: and I think that's what we would attribute toward to

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Speaker 3: the fiat money system in the central banking system more

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Speaker 3: than any political aspect. This is really the result of

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Speaker 3: all this money printing.

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Speaker 4: I would also add that I am not very surprised

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Speaker 4: because look, you have perfect money, that is bitcoin, and

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Speaker 4: yet there are also like a million.

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Speaker 5: Shit coins let's call them that.

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Speaker 4: And the reason why those exist is because of that

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Speaker 4: fiat's mentality, that is, the majority of the population will

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Speaker 4: always be like that. They will take the air drops,

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Speaker 4: they will take the student debt forgiveness, they will take

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Speaker 4: the Biden bucks, they will take those free checks, they

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Speaker 4: will take the PPP loans, they will do all that stuff,

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Speaker 4: and that's what they like, and that keeps them in

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Speaker 4: that system, and that keeps that system afloat. And so

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Speaker 4: I'm not surprised that it exists because look, I just

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Speaker 4: saw a headline that Joe Biden was considering a help

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Speaker 4: to buy sort of scheme. Now, this is a scheme

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Speaker 4: that will help five hundred thousand Americans.

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Speaker 5: Buy their home.

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Speaker 4: Well, Max and I were living in London back after

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Speaker 4: the first financial crisis, when, of course Sotoshi in the

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Speaker 4: Genesis Block put a chancellor on brink a second bailout

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Speaker 4: for banks. Well around that same time, they introduced a

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Speaker 4: help to buy scheme soon after that, and it was

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Speaker 4: called help to Buy, and the taxpayer with fund for

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Speaker 4: a lucky few individuals twenty percent of their deposit for

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Speaker 4: their properties because the property prices were too high because

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Speaker 4: of all the money printing from Kiwi to bail out

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Speaker 4: the banks. So Yeah, that's the system. That's the system

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Speaker 4: that most people like. If they could get a free

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Speaker 4: home off the taxpayer, they'll take the free home. Many people,

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Speaker 4: many people in crypto, very few people in bitcoin took

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Speaker 4: those PPP loans, right, there was a whole anybody who

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Speaker 4: took more than one hundred thousand dollars I believe were

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Speaker 4: made public in the US. So remember these were free loans.

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Speaker 4: They were loans that you didn't actually have to pay back. Well,

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Speaker 4: look at the number of billionaire crypto folk that took

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Speaker 4: those loans. You know, this is what they do, that's

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Speaker 4: their mindset. So it doesn't surprise me.

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Speaker 2: I always think back to the quote from Vladimir Lenin.

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Speaker 2: Supposedly he was talking to John may Or Keynes and

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Speaker 2: he said that the best way to destroy capitalism is

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Speaker 2: to debouch the currency through inflation. And he said, at

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Speaker 2: the end you lose all relation to money, and the

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Speaker 2: best way to get riches through gambling and theft. Yes,

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Speaker 2: and like, if that doesn't sum up sort of where

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Speaker 2: the world is today, gambling and theft to your point,

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Speaker 2: all the all coins, the gambling, the DeFi and the

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Speaker 2: theft right just outright theft everywhere, but Max. I love

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Speaker 2: that that shift that you that you said, and that's

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Speaker 2: actually kind of what I was thinking about and want

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Speaker 2: to ask you about when you think about FIAT money crashing,

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Speaker 2: what do you consider crashing? Just because the governments have

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Speaker 2: been able to stay in power and keep kicking the

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Speaker 2: candle of the road doesn't mean it's not crashing. But really,

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Speaker 2: if you look at the societal impacts, I mean it's bad.

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Speaker 2: I mean if you look at the you know, the

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Speaker 2: mortality rate in the US is dropping. To your point,

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Speaker 2: the social unrest happening all over the world, then you

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Speaker 2: see it happening more, you know, overseas. The stuff that

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Speaker 2: I'm seeing out of Europe seems really really bad. I

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Speaker 2: guess kind of what Stacey just said there about everybody

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Speaker 2: wants to get that free house. Not everybody, but a

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Speaker 2: lot of people are happy to get that free house.

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Speaker 2: And so I'm a little bit surprised, and I just

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Speaker 2: want to get your take on this. I kind of

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Speaker 2: thought that with democracy being sort of this tyranny of

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Speaker 2: the minority, if you will, like, once you know, fifty

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Speaker 2: one percent of the population has learned they could just

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Speaker 2: vote themselves more money, why wouldn't they just continue to

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Speaker 2: vote themselves more money, Like why would they ever vote

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Speaker 2: to give themselves less? And so it almost seems like

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Speaker 2: there's no way out of it. But seeing what happened

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Speaker 2: in Argentina, where like the people voted for a new

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Speaker 2: president to like gut the whole you know, government handout system,

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Speaker 2: sort of shocked me. I don't know what were your

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Speaker 2: thoughts on that. Maybe this this pendulum swinging and the

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Speaker 2: people are ready to vote themselves less money.

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Speaker 3: Right, Well, we've called it the Global Insurrection against Banker

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Speaker 3: Occupation or GIABO. You know, we coined that phrase on

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Speaker 3: our show maybe seven years ago, and it came after

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Speaker 3: Occupy Wall Street. You remember, Occupy Wall Street was really

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Speaker 3: the first time active was targeted Wall Street and targeted

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Speaker 3: the money centers as being the source of problems. And

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Speaker 3: that meme, that idea has grown ever since. People starting

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Speaker 3: to understand that it's the bankers, it's the money, it's

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Speaker 3: the central bankers, it's the Ron Paul ideas that have

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Speaker 3: been talked about for many years. And to your point about,

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Speaker 3: you know, looting becomes a way of life. I know

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Speaker 3: Stacey refers to the BOSSI had quote about this, and

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Speaker 3: it's so it's bears repeating. It's so true. Looting essentially

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Speaker 3: becomes a way of life and it becomes normalized. And

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Speaker 3: so or I would say, I've said in interviews before,

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Speaker 3: where if you took fraud out of the American system,

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Speaker 3: there would be virtually no economy left. It's it's an

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Speaker 3: economy based on fraud, built on fraud, and it's without

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Speaker 3: the fraud there would be there would be very little left.

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Speaker 3: It's a mechanism to encourage fraud.

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Speaker 4: I would also add to that, of course, mentioning Argentina

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Speaker 4: and then the US in Europe, is that the Ponzi

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Speaker 4: scheme nature of it means that of course, the further

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Speaker 4: you are from the money printing center and there is

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Speaker 4: only the US dollar right in the fiat world. Everything

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Speaker 4: else is based off of that, like trades against the

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Speaker 4: US dollar. So the US, what you see there like

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Speaker 4: they're just entering the debt forgiveness stage for the young people.

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Speaker 4: What you saw in Argentina was that melay one because

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Speaker 4: of the young people. The young people are not the

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Speaker 4: ones that get the money printing first, and all the

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Speaker 4: debt and all the schemes that have been plundering Argentina

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Speaker 4: for the last twenty thirty years has all gone to

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Speaker 4: the boomers. Well, the same thing has happened in the

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Speaker 4: US and Europe, but the US is able to prolong

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Speaker 4: it longer because they have the money printer. They have

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Speaker 4: the number one money printer, and so they could start

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Speaker 4: you know, you see it in the US with the

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Speaker 4: discharging of the student debts. Every week or two, there's

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Speaker 4: another new round of a debt forgiveness for millennials and zoomers. Right,

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Speaker 4: So Argentina and Europe can't do that so easily like

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Speaker 4: the US can. And I think you're that's why you're

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Speaker 4: seeing like massive political shifts in places like Europe and Argentina. First,

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Speaker 4: the US has a higher tolerance that will be the

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Speaker 4: last FIAT man standing. And I think that's bad for

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Speaker 4: them in a way. You know, I think they're going

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Speaker 4: to be the last ones to I guess the meek

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Speaker 4: shall inherit the earth is like they'll inherit the earth

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Speaker 4: that they've created that their FIAT debts have created.

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Speaker 3: Yeah, to add on to that point, in a recent conversation,

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Speaker 3: an interesting point came out in that the world seems

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Speaker 3: to be entering into this fourth turning, This idea, this

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Speaker 3: convergence of various cycles at the end of kind of

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Speaker 3: a nasty or beginning of a nasty period. But there

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Speaker 3: seems to be one country that's the first to emerge

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Speaker 3: from the fourth turning, and that is al Savador. Al

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Speaker 3: Savador had already went through, it's horrendous, a multi decade collapse,

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Speaker 3: and starting with the election of President Kelly in twenty nineteen,

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Speaker 3: it has now emerged. It's emerging from that. So this

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Speaker 3: is what makes al Savador so interesting is that it's

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Speaker 3: really the first out of the box to lead the

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Speaker 3: world in a way that people used to associate with

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Speaker 3: the United States and other countries. But actually Salvador is

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Speaker 3: becoming a world leader because it's already had the tough times.

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Speaker 3: It now has the leader in President Bakelly, and it

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Speaker 3: is now showing the way, which is why we're here

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Speaker 3: really because we want to be a part of that.

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Speaker 2: Yeah, I love that, And it feeds into we'll move

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Speaker 2: into that, and it feeds into what basically Stacey was

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Speaker 2: just saying, where the US will probably the last one

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Speaker 2: to move because the US has everything to lose, right,

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Speaker 2: and so it's like a business can't really disrupt themselves,

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Speaker 2: so I codec did and introduce the digital cameras.

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Speaker 1: You know, so to speak.

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Speaker 2: And so since the US sort of has the US

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Speaker 2: dollar the most to lose, they'll probably be the last

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Speaker 2: to move, unfortunately. And in this world of game theory,

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Speaker 2: the first mover has the advantage, and so El Salvador

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Speaker 2: is certainly there. But going back to sort of this

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Speaker 2: game theory, and when you think about the way competition works,

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Speaker 2: like competition always provides you know, different tests and hopefully

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Speaker 2: better service, better products, better prices, so to speak. And

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Speaker 2: so to Cel Salvador sort of stand up with this

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Speaker 2: model and sort of demonstrate it for the world. It

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Speaker 2: puts this game theory to play the There's a lot

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Speaker 2: riding on that though, right because like because it is

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Speaker 2: that first mover, it is this kind of model for

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Speaker 2: the world, like it needs to be successful. I mean,

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Speaker 2: is a lot I mean do you feel that pressure,

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Speaker 2: like a lot is hanging in the balance there.

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Speaker 4: Yeah, we feel an enormous amount of pressure to succeed.

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Speaker 4: And you see, just as you said that it is

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Speaker 4: really important that we win. And we know this for

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Speaker 4: a fact because the biggest loser will be the centers

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Speaker 4: of power of the FIAT system, and you see them

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Speaker 4: wish for our failure the hardest and most vocally. So Washington,

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Speaker 4: d C, New York City, London, that's where you find

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Speaker 4: the most fud, the most anti El Salvador, the most

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Speaker 4: anti Bukele sort of fud is from those centers of

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Speaker 4: power in their media, you know, lap dogs, right, So

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Speaker 4: that's where you'll see the most negativity about us, because

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Speaker 4: they understand just how important it is for them that

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Speaker 4: we fail. So we have you know, Max and I

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Speaker 4: really do work around the clock, seven days a week

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Speaker 4: here to make sure that we win, you know, not

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Speaker 4: only establishing that really solid foundation of of you know,

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Speaker 4: education system, of the you know, the regulatory system and regime,

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Speaker 4: the pure excellence. Like so for example, look at what

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Speaker 4: happened in New York City. Look at the number of

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Speaker 4: collapses Celsius block by sbf is through the US system,

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Speaker 4: even though it was nominally in the Bahamas, like they

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Speaker 4: could get away with that. Nobody's like talking about the

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Speaker 4: failure of the US system.

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Speaker 5: But had we had.

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Speaker 4: Even one, like even a tiny one, not even those

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Speaker 4: multi billion dollar collapses, we had had a one hundred

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Speaker 4: thousand dollars or a two hundred thousand dollars scam coin here,

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Speaker 4: like we would have been like shut out of the

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Speaker 4: global system, like they would have, like the media would

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Speaker 4: have just like jumped for joy and just like pointed

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Speaker 4: fingers at us. And this was a proof that bitcoin

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Speaker 4: has failed, there sort of thing. So the the we

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Speaker 4: know that we can only be gold medal like runners,

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Speaker 4: like we can only finish first, like we we.

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Speaker 5: Can't slip up at all.

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Speaker 4: So we know this for for El Salvador and for Bitcoin,

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Speaker 4: that we we must win.

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Speaker 2: When you say that it's so important that we succeed

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Speaker 2: and that we win, what does success look like? I mean,

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Speaker 2: is this like a path that your honors are like

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Speaker 2: an end goal?

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Speaker 1: Like what a success or? Winning?

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Speaker 4: It looks like President Bukelly, right, Like, look, the guy

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Speaker 4: doesn't put one foot wrong, like every every speech he makes,

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Speaker 4: every I told you so he tweets. That's that's what

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Speaker 4: winning looks like, right Like every thing we're doing is

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Speaker 4: what winning looks like. So I think so far, like

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Speaker 4: we have just been winning, winning, winning, winning, And whether

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Speaker 4: it's the homicide rate, we're now the safest in the

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Speaker 4: America's right, even the Spanish press is now, wrote wrote

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Speaker 4: an article this past week where they were saying that

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Speaker 4: El Salvador is a miracle, the Boukelli miracle, right that

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Speaker 4: they were following on what Colombia had written in their Lassimana,

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Speaker 4: the most read magazine in the country, just a few

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Speaker 4: months ago, said it's a Bukelli miracle. Right, that's Columbia,

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Speaker 4: Columbia magazine in Colombia, the country. So they said on

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Speaker 4: the cover it said the Bukelli miracle. And this is

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Speaker 4: part and parcel. It's the same person, it's the same leader,

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Speaker 4: with the same you know, virtues like fortitude, like patients,

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Speaker 4: like all the things that President Boukelly has that delivers

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Speaker 4: not only bitcoin, but also the security state, right, the

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Speaker 4: peace and security that had long, you know, been unable.

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Speaker 4: Nobody here had peace or safety for forty fifty years

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Speaker 4: because plunder was a way of life for a group

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Speaker 4: of men in this society. So they plundered rather than protected.

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Speaker 4: And I think that's you know, it's totally makes sense

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Speaker 4: that he would be a bitcoiner and provide security, you know,

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Speaker 4: secure those blessings of liberty, so that you would have

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Speaker 4: the leader of the country who gave you bitcoin legal

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Speaker 4: tandar would also protect life, liberty, and property. And that's

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Speaker 4: what he's done. Those are classic Enlightenment ideals. That's what

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Speaker 4: Bastia said in The Law when he said, when plunder

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Speaker 4: becomes a way of life for a group of men

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Speaker 4: in society, over the course of time, they create for

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Speaker 4: themselves a legal system that authorizes it and a moral

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Speaker 4: code that justifies it so or glorifies it. So that's

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Speaker 4: that's what we had here, and that's what we no

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Speaker 4: longer have, Like the legal code no longer authorizes it

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Speaker 4: or justifies it or condones it, and the moral code

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Speaker 4: definitely has changed radically.

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Speaker 5: That we just want to be winners.

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Speaker 4: That we don't want to be the losers that we

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Speaker 4: were under that system of plunder.

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Speaker 5: We want to be winners. And it feels good.

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Speaker 1: Yeah.

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Speaker 2: For the listeners who was quoting from The Law by

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Speaker 2: Frederick Bastiat, highly recommend reading the book. It's like an

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Speaker 2: hour read. He was defining the term legal plunder. Right,

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Speaker 2: so they steal from you legally, they create the system.

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Speaker 2: So go read that book. But so winning is like

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Speaker 2: not getting anything wrong and continuing to make progress both

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Speaker 2: in life, liberty and property to the point that you

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Speaker 2: made what about like a longer term. So, like you know,

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Speaker 2: there was a lot of fud, if you will, coming

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Speaker 2: out on El Salvador because of now the IMF isn't

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Speaker 2: going to continue to give them loans and are they

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Speaker 2: going to be able to pay it back and things

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Speaker 2: like that. So is some of the success being able to,

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Speaker 2: like say, build enough of an economy around tourism and

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Speaker 2: industry that there are no longer we're depending on the

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Speaker 2: IMF for handouts And is that a big piece of that?

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Speaker 1: And how realistic is that?

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Speaker 4: Well, the success looks like proof of work, right, proof

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Speaker 4: of work delivers success, and we work and work and work.

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Speaker 4: And one of the metrics of success that Max and

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Speaker 4: I look at, and contrary to what the mainstream media

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Speaker 4: the Washington Post, the New York Times, the New Yorker, Bloomberg,

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Speaker 4: Wall Street Journal, of all written articles about El Salvador,

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Speaker 4: and what they look at is they pick a metric

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Speaker 4: that they decide is what matters, and that decides whether

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Speaker 4: or not it is a success. And so they come

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Speaker 4: here and they look to see if every single papoose

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Speaker 4: Arehea is accepting bitcoin, and therefore they say if they

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Speaker 4: don't accept bitcoin, just twenty percent they say accept bitcoin. Therefore,

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Speaker 4: adoption has not happened well. To me, what adoption matters

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Speaker 4: is who around the world, the best and the brightest

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Speaker 4: around the world, Which of the best on the brightest

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Speaker 4: are adopting El Salvador. Not only is their home their headquarters,

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Speaker 4: but also like their spiritual home, like where they feel

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Speaker 4: just like you know, in previous centuries, for previous decades,

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Speaker 4: people were spiritually connected to the United States and the

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Speaker 4: notion of the Republic that we stood for and the

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Speaker 4: shining city on the hill. They really, you know, they

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Speaker 4: were spiritually connected to that. We meet people all the

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Speaker 4: time that hadn't been to the US but wanted to

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Speaker 4: be in the US. They wanted to be citizens of

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Speaker 4: the US. They wanted to move to the US and

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Speaker 4: work in the US and build in the US. Well,

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00:21:31,359 --> 00:21:33,520
Speaker 4: that's the sort of adoption that we're looking for. So

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Speaker 4: for example, when you look at Silicon Valley in the nineties,

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Speaker 4: you know, you didn't have Bloomberg and walshle at Journal

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Speaker 4: and Financial Times. Go there and go to every cafe

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Speaker 4: and see if they were if that cafe had Wi

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Speaker 4: Fi or an email address, to see whether or not

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Speaker 4: the Internet was catching on and whether or not they

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Speaker 4: were adopting the Internet. Well, no, they look what was

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Speaker 4: really going on was the best and the brightest builders

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Speaker 4: in the world of Internet systems, of websites, of platforms

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Speaker 4: of the Internet. They were there, right, and that's why

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00:22:05,600 --> 00:22:10,399
Speaker 4: it became the massive success that we believe will become. Like,

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Speaker 4: that's what our future looks like for bitcoin capital markets

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Speaker 4: and the post Fiat world.

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Speaker 2: Yeah, I think the Fiat money system and has just

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Speaker 2: driven our society to point where we're just instant gratification

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Speaker 2: on everything, and so everybody just expects way too much

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Speaker 2: too soon. And to your point, you know, you wouldn't

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Speaker 2: go to Silicon Valley and.

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Speaker 1: Like, oh, it's been three years, how come everyone's not

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Speaker 1: using it?

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Speaker 2: You know, the internet was around for two decades and

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Speaker 2: we still had less than ten percent people that ever

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Speaker 2: bought anything online two decades later. So things happened slowly.

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Speaker 2: So you have to sort of look at like the

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00:22:43,440 --> 00:22:45,880
Speaker 2: signposts along the way, and you can see a lot

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Speaker 2: of that. And it starts with creating that freedom culture

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Speaker 2: and these strong property rights, and it has to start there,

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Speaker 2: and it's going to take a long time.

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Speaker 1: For that to start gaining traction.

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Speaker 2: And so you have to be happy with the progress,

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Speaker 2: not just the end result of that, but does the

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Speaker 2: end result and maybe this is three four five decades,

435
00:23:04,560 --> 00:23:06,880
Speaker 2: I mean, the end result would hopefully that it could

436
00:23:06,880 --> 00:23:09,080
Speaker 2: sort of get off of this debt money system and

437
00:23:09,160 --> 00:23:13,320
Speaker 2: stop being dependent on the economic hitman, if you will,

438
00:23:13,359 --> 00:23:14,040
Speaker 2: of the IMF.

439
00:23:14,680 --> 00:23:14,880
Speaker 1: Yeah.

440
00:23:14,960 --> 00:23:18,240
Speaker 3: Well, we have a few things going in our favor here.

441
00:23:19,320 --> 00:23:21,840
Speaker 3: First of all, you have what I call b klonomics,

442
00:23:22,280 --> 00:23:23,879
Speaker 3: which we can get to.

443
00:23:24,440 --> 00:23:27,880
Speaker 1: Is that different from Bidenomics, Yeah, the opposite.

444
00:23:28,320 --> 00:23:33,840
Speaker 3: Well, you know, it's all about private property and economic freedom,

445
00:23:34,119 --> 00:23:37,040
Speaker 3: but there's also a push toward expanding the public domain.

446
00:23:37,520 --> 00:23:40,520
Speaker 3: So you see, for example, this new library that was

447
00:23:40,640 --> 00:23:44,520
Speaker 3: open in historic downtown sen Salvador, that'll stand for one

448
00:23:44,560 --> 00:23:47,159
Speaker 3: hundred years, one hundred and fifty years. That's going to

449
00:23:47,200 --> 00:23:51,680
Speaker 3: be a long standing institution that will outlive everybody around today.

450
00:23:52,200 --> 00:23:56,639
Speaker 3: But that's a public good, that's public. The public domain

451
00:23:56,680 --> 00:23:59,480
Speaker 3: has expanded, you know. I remember back in the nineteen sixties,

452
00:24:00,080 --> 00:24:03,760
Speaker 3: America celebrating freedom of speech gave us the pushback against

453
00:24:03,800 --> 00:24:07,239
Speaker 3: the Vietnam War. It also the United States government put

454
00:24:07,240 --> 00:24:09,920
Speaker 3: a man on the moon, right, that was a government project.

455
00:24:10,320 --> 00:24:13,040
Speaker 3: So that was a combination of the two. So here

456
00:24:13,119 --> 00:24:16,720
Speaker 3: you have President Boukelly who's all about economic freedom and bitcoin,

457
00:24:16,800 --> 00:24:19,159
Speaker 3: but he's also expanding the public domain and doing so

458
00:24:19,280 --> 00:24:26,720
Speaker 3: in a radically transparent manner, very cost efficient way. And

459
00:24:26,800 --> 00:24:30,960
Speaker 3: so I see this these trends kind of continuing into

460
00:24:31,160 --> 00:24:35,679
Speaker 3: the next five years of his presidency and really just

461
00:24:35,960 --> 00:24:39,640
Speaker 3: being that beacon of hope, that shining city on a hill,

462
00:24:40,160 --> 00:24:42,240
Speaker 3: and you're going to just see a lot of folks

463
00:24:42,640 --> 00:24:45,080
Speaker 3: mimicking that and emulating that and saying, you know, if

464
00:24:45,119 --> 00:24:47,399
Speaker 3: they can do it, why can't we. So it's just

465
00:24:47,440 --> 00:24:53,320
Speaker 3: become this tremendous power of example that's changing people's minds.

466
00:24:54,400 --> 00:24:58,679
Speaker 4: In terms of changing people's minds, what we're also doing here,

467
00:25:00,200 --> 00:25:04,080
Speaker 4: President Bukelly is changing the perception of El Salvador in

468
00:25:04,119 --> 00:25:07,959
Speaker 4: a way that guarantees long term success. So when he

469
00:25:08,160 --> 00:25:12,199
Speaker 4: opened the library, what in his speech he referred to

470
00:25:12,560 --> 00:25:17,000
Speaker 4: in terms of the public space being better than the

471
00:25:17,040 --> 00:25:20,920
Speaker 4: private space. He referred to ancient Rome and ancient Greece.

472
00:25:21,560 --> 00:25:22,680
Speaker 5: And if you think of.

473
00:25:24,080 --> 00:25:26,560
Speaker 4: Florence, like I always say, what we're building here is

474
00:25:26,560 --> 00:25:29,719
Speaker 4: Renaissance two point oh, that this is Florence two point oh.

475
00:25:30,960 --> 00:25:35,359
Speaker 4: And the reason why we know Medici is, Yeah, he

476
00:25:35,440 --> 00:25:37,920
Speaker 4: was a rich guy, right, But there were quite a

477
00:25:37,960 --> 00:25:42,320
Speaker 4: few rich guys in the Italian city states, right, there

478
00:25:42,359 --> 00:25:45,119
Speaker 4: were some probably richer than Medici.

479
00:25:45,280 --> 00:25:47,040
Speaker 5: But we don't remember them.

480
00:25:47,119 --> 00:25:52,520
Speaker 4: Why don't we remember them because they didn't build a Renaissance, right,

481
00:25:52,600 --> 00:25:56,920
Speaker 4: They weren't the ones. I mean, they obviously participated, they

482
00:25:56,960 --> 00:25:59,879
Speaker 4: followed the Florin that you know, they copied the Florin

483
00:26:00,480 --> 00:26:04,520
Speaker 4: in Venice, and you know, of course Venice was also

484
00:26:04,800 --> 00:26:08,920
Speaker 4: quite associated with the Renaissance. But everybody remembers Florence because

485
00:26:09,080 --> 00:26:12,760
Speaker 4: of what Medici did, what he left behind, like the

486
00:26:12,880 --> 00:26:18,200
Speaker 4: David in the in the public square in Florence. Now,

487
00:26:18,200 --> 00:26:22,959
Speaker 4: did Medici finance that with the hope of flipping it

488
00:26:23,000 --> 00:26:26,919
Speaker 4: as an NFT or like, you know, was he hoping

489
00:26:26,920 --> 00:26:29,600
Speaker 4: to flip it and gain more money or was he

490
00:26:29,720 --> 00:26:33,200
Speaker 4: thinking that five hundred, six hundred years from then people

491
00:26:33,200 --> 00:26:37,640
Speaker 4: would still be going to Florence and marveling at this masterpiece.

492
00:26:38,520 --> 00:26:40,320
Speaker 5: You know what we're creating here?

493
00:26:40,600 --> 00:26:44,400
Speaker 4: And Max Offen says it is a masterpiece and I think, yeah,

494
00:26:45,200 --> 00:26:48,360
Speaker 4: President Bucelli is creating a masterpiece here.

495
00:26:49,840 --> 00:26:50,240
Speaker 1: Yeah.

496
00:26:50,320 --> 00:26:52,840
Speaker 2: I took the family to Florence this summer for the

497
00:26:52,840 --> 00:26:56,280
Speaker 2: first time, and I went on we hired a guide,

498
00:26:56,320 --> 00:26:58,600
Speaker 2: went on a financial tour tour the whole Medici thing.

499
00:26:58,600 --> 00:27:01,280
Speaker 2: It was really awesome, and I was consistently just blown

500
00:27:01,280 --> 00:27:04,160
Speaker 2: away by just how big, how grand all that stuff was. Right,

501
00:27:04,440 --> 00:27:07,199
Speaker 2: but I mean thinking about how much time after interview,

502
00:27:07,200 --> 00:27:09,920
Speaker 2: but how much money that cost to build back then,

503
00:27:10,320 --> 00:27:14,719
Speaker 2: and Florence was just a textile hub, I mean like fabrics,

504
00:27:15,600 --> 00:27:17,400
Speaker 2: And then we went to Venice and I see all

505
00:27:17,440 --> 00:27:19,840
Speaker 2: these like atheeds. I mean, it just blows my mind.

506
00:27:20,160 --> 00:27:22,760
Speaker 2: And it just made me think, like, only on a

507
00:27:23,040 --> 00:27:25,800
Speaker 2: gold florin only on a sound money standard, could you

508
00:27:25,840 --> 00:27:27,639
Speaker 2: do something like that, Like there's just no way we

509
00:27:27,680 --> 00:27:29,520
Speaker 2: could do that today with inflation where it is. But

510
00:27:30,040 --> 00:27:33,200
Speaker 2: going back to sort of building that sort of monument

511
00:27:33,280 --> 00:27:35,240
Speaker 2: and sort of helping to fund that shift, I think

512
00:27:35,240 --> 00:27:37,760
Speaker 2: it's even bigger. So like sure they left that stuff

513
00:27:37,760 --> 00:27:40,360
Speaker 2: that we go look at today and it's still there.

514
00:27:40,359 --> 00:27:42,000
Speaker 1: And like I said, I was just there. It was amazing.

515
00:27:42,040 --> 00:27:44,600
Speaker 2: But like really with the El Salvador, sort of with

516
00:27:44,640 --> 00:27:47,360
Speaker 2: this first move or advantage, it's not just about what's

517
00:27:47,400 --> 00:27:50,080
Speaker 2: being built in Nol Salvador, it's what they could influence

518
00:27:50,160 --> 00:27:51,600
Speaker 2: the rest of the world to do.

519
00:27:52,080 --> 00:27:53,320
Speaker 1: And so really.

520
00:27:54,840 --> 00:27:56,760
Speaker 2: I'd love your take on this, seeing that you've lived

521
00:27:56,800 --> 00:28:00,000
Speaker 2: around the world for twenty years. But you know, South America,

522
00:28:00,240 --> 00:28:03,919
Speaker 2: Central America, the Americas, if you will, you know, somewhat

523
00:28:04,000 --> 00:28:07,359
Speaker 2: culturally different, obviously much different than you might have in

524
00:28:07,400 --> 00:28:10,479
Speaker 2: the Middle East and the Arab nations, et cetera. But

525
00:28:10,760 --> 00:28:14,520
Speaker 2: we have these like two different paths that are being chosen.

526
00:28:14,520 --> 00:28:16,720
Speaker 2: It seems like, so you have like El Salvador going

527
00:28:17,040 --> 00:28:19,400
Speaker 2: you know, pro freedom, if you will, and then next

528
00:28:19,400 --> 00:28:23,240
Speaker 2: door Nicaragua like they're going full communist. In South America,

529
00:28:23,400 --> 00:28:27,520
Speaker 2: you have you know, Chile adopting a communist constitution, Columbia

530
00:28:27,520 --> 00:28:29,920
Speaker 2: adopting a communist but then you have like Argentina going

531
00:28:29,960 --> 00:28:33,000
Speaker 2: to a libertarian So we're sort of seeing that plane

532
00:28:33,080 --> 00:28:36,160
Speaker 2: out in real time. I mean, that is that how

533
00:28:36,160 --> 00:28:37,760
Speaker 2: you're framing this is how you're seeing that.

534
00:28:37,920 --> 00:28:41,080
Speaker 3: Well, like Hiak said in that famous video in the

535
00:28:41,080 --> 00:28:45,160
Speaker 3: eighties that Austrian economics is great in theory, but you know,

536
00:28:45,240 --> 00:28:47,920
Speaker 3: we will never see in practice because we'll always be

537
00:28:48,440 --> 00:28:50,840
Speaker 3: a subject to see out money in the central bankers.

538
00:28:50,880 --> 00:28:54,400
Speaker 3: Only if by some work around, by some slime mechanisms, right,

539
00:28:54,560 --> 00:28:57,080
Speaker 3: would we have a money that was separate from the state.

540
00:28:57,440 --> 00:28:59,480
Speaker 3: Can we ever really see if this stuff would work?

541
00:29:00,240 --> 00:29:02,320
Speaker 3: And at the time people said, yeah, of course that

542
00:29:02,360 --> 00:29:04,960
Speaker 3: will never happen. But in two thousand and nine it

543
00:29:05,000 --> 00:29:08,720
Speaker 3: did happen. Money was created that separates money from state.

544
00:29:08,840 --> 00:29:12,120
Speaker 3: Is totally decentralized money. And that's the key. You know,

545
00:29:12,160 --> 00:29:16,000
Speaker 3: there is before bitcoin, in after bitcoin and alsaveadro may

546
00:29:16,040 --> 00:29:20,480
Speaker 3: bitcoin legal tender, and it matches perfectly with the leader.

547
00:29:21,080 --> 00:29:26,080
Speaker 3: President Bukelli is somebody who has leaned into that and

548
00:29:26,160 --> 00:29:31,600
Speaker 3: seeing that decentralization and giving power back to the people

549
00:29:32,560 --> 00:29:35,120
Speaker 3: and letting the people decide. He's always making a reference

550
00:29:35,160 --> 00:29:36,880
Speaker 3: to this, I'm here for the people, I serve the people,

551
00:29:36,960 --> 00:29:40,720
Speaker 3: let the people decide, and has worked wonderfully here. So

552
00:29:40,760 --> 00:29:43,080
Speaker 3: I think that for the first step for other countries

553
00:29:43,240 --> 00:29:46,240
Speaker 3: is to understand the role bitcoin plays and all of this. Obviously,

554
00:29:46,280 --> 00:29:49,840
Speaker 3: in communist countries we know that there's it never works,

555
00:29:49,840 --> 00:29:52,480
Speaker 3: so we know the end game there it's failure. It

556
00:29:52,480 --> 00:29:55,040
Speaker 3: always is one hundred percent failure. In the case of

557
00:29:55,120 --> 00:29:57,400
Speaker 3: countries that are going to rely on a fee money standard,

558
00:29:57,680 --> 00:30:00,840
Speaker 3: we know that now definitively have or three hundred years

559
00:30:00,840 --> 00:30:04,520
Speaker 3: of experimentation, the central bank money system. Is it failed?

560
00:30:04,520 --> 00:30:05,120
Speaker 3: It didn't work.

561
00:30:06,840 --> 00:30:11,680
Speaker 4: I also want to add to this is this there

562
00:30:11,720 --> 00:30:16,600
Speaker 4: will never be another El Salvador. I believe not for

563
00:30:16,640 --> 00:30:21,520
Speaker 4: another five hundred years, because that's the thing when you

564
00:30:21,520 --> 00:30:26,120
Speaker 4: talk about communism or capitalism or Republican party or Democratic party,

565
00:30:26,200 --> 00:30:30,600
Speaker 4: these are like political parties and political ideas.

566
00:30:30,360 --> 00:30:31,600
Speaker 5: That are now dead.

567
00:30:32,640 --> 00:30:37,040
Speaker 4: President Bukeli is a leader and we don't know what

568
00:30:37,040 --> 00:30:39,560
Speaker 4: that looks like. That's not something that we in a

569
00:30:39,600 --> 00:30:44,880
Speaker 4: modern history have any sort of We don't recognize that.

570
00:30:44,920 --> 00:30:47,640
Speaker 4: We don't know what he is because we've never seen

571
00:30:47,680 --> 00:30:50,520
Speaker 4: a leader like that. He's a one and five hundred

572
00:30:50,680 --> 00:30:51,600
Speaker 4: year sort of leader.

573
00:30:52,200 --> 00:30:54,720
Speaker 5: And when I I.

574
00:30:54,640 --> 00:31:00,360
Speaker 4: Mean there's only been like maybe fifty mostly men throughout

575
00:31:00,400 --> 00:31:03,600
Speaker 4: history who have been leaders, right, and he's one of them.

576
00:31:04,040 --> 00:31:10,200
Speaker 4: So to have that is very hard work. And how

577
00:31:10,320 --> 00:31:14,200
Speaker 4: you know that nobody recognizes what it is is that

578
00:31:14,280 --> 00:31:17,320
Speaker 4: they keep on calling him a miracle or the Bukelly miracle.

579
00:31:17,600 --> 00:31:20,080
Speaker 4: That it's like divine from out of this world. Is

580
00:31:20,120 --> 00:31:23,920
Speaker 4: nothing that we've seen before. But that's because we don't

581
00:31:24,320 --> 00:31:25,960
Speaker 4: create leaders anymore.

582
00:31:26,440 --> 00:31:27,440
Speaker 5: You know, Alexander the.

583
00:31:27,480 --> 00:31:32,000
Speaker 4: Great, who was his teacher, was like one of the

584
00:31:32,040 --> 00:31:36,680
Speaker 4: three grades of philosophy, Aristotle, Socrates, or Plato, like I

585
00:31:36,680 --> 00:31:37,720
Speaker 4: think it was Aristotle.

586
00:31:37,920 --> 00:31:41,360
Speaker 5: So like they were trained to be great. He was

587
00:31:41,440 --> 00:31:42,280
Speaker 5: trained to be great.

588
00:31:42,320 --> 00:31:45,880
Speaker 4: He was destined to be great, because that was how

589
00:31:45,920 --> 00:31:48,600
Speaker 4: we trained people back then. That's what mattered back then.

590
00:31:49,200 --> 00:31:53,240
Speaker 4: And I think President Bukelly and by the way, all

591
00:31:53,280 --> 00:31:56,840
Speaker 4: his brothers, so I think it's like he was trained.

592
00:31:56,880 --> 00:31:57,840
Speaker 5: His family.

593
00:31:59,320 --> 00:32:02,800
Speaker 4: Taught them those virtues, like if you look up the

594
00:32:02,840 --> 00:32:06,160
Speaker 4: cardinal virtues or the heavenly virtues, like and you look

595
00:32:06,240 --> 00:32:09,760
Speaker 4: at just through his actions, not just his words, look

596
00:32:09,800 --> 00:32:14,480
Speaker 4: through his actions and see how many of those you

597
00:32:14,520 --> 00:32:19,000
Speaker 4: know that he had, so how many he has right

598
00:32:19,600 --> 00:32:22,880
Speaker 4: And you know, I always talk about the fortitude and

599
00:32:22,960 --> 00:32:25,720
Speaker 4: patients like because those are the things that stand out

600
00:32:25,720 --> 00:32:29,760
Speaker 4: to me the most, and especially the fortitude, like he's

601
00:32:29,800 --> 00:32:34,040
Speaker 4: he stood really firm when all of the world was

602
00:32:34,320 --> 00:32:38,080
Speaker 4: mocking and laughing at El Salvador for adopting bitcoin and

603
00:32:38,120 --> 00:32:43,200
Speaker 4: then soon after for you know, securing the right rights

604
00:32:43,200 --> 00:32:45,560
Speaker 4: to life, liberty and property for the people, like they

605
00:32:45,560 --> 00:32:49,600
Speaker 4: were calling him a horrible names and jeering and threatening

606
00:32:50,160 --> 00:32:53,160
Speaker 4: El Salvador because of you know, kicking out the gangs

607
00:32:53,160 --> 00:32:56,080
Speaker 4: and arresting the gangs and stopping them from plundering the people.

608
00:32:56,480 --> 00:33:00,680
Speaker 4: Well he was you know, he he remained for and

609
00:33:00,840 --> 00:33:03,800
Speaker 4: believed in his vision of what he saw Al Salvador

610
00:33:03,880 --> 00:33:06,720
Speaker 4: is becoming. So that's why I think, and I said

611
00:33:06,720 --> 00:33:10,920
Speaker 4: this on the stage at Miami twenty twenty three, is

612
00:33:10,960 --> 00:33:13,000
Speaker 4: that I don't think there will be another one. Not

613
00:33:13,160 --> 00:33:17,200
Speaker 4: because you know, like in some cult or drinking some

614
00:33:17,640 --> 00:33:20,600
Speaker 4: Bukeli koul aid. I just think from my own observation,

615
00:33:21,480 --> 00:33:24,680
Speaker 4: even not knowing him personally, but just through his actions

616
00:33:24,720 --> 00:33:27,160
Speaker 4: as a leader, you could see that we're not going

617
00:33:27,200 --> 00:33:30,960
Speaker 4: to have We haven't had a leader like this for many,

618
00:33:31,280 --> 00:33:35,680
Speaker 4: many hundreds of years, like especially if you put it

619
00:33:35,720 --> 00:33:39,920
Speaker 4: into the context, we've had great orators, and that's one

620
00:33:40,040 --> 00:33:43,080
Speaker 4: important ingredient to be a great leader, to have that

621
00:33:43,360 --> 00:33:48,200
Speaker 4: ability to persuade. But we've never had somebody overcome the

622
00:33:48,240 --> 00:33:52,640
Speaker 4: obstacles that were in the way of somebody like President

623
00:33:52,640 --> 00:33:57,360
Speaker 4: Boukelly running the most dangerous country on earth, in in

624
00:33:57,440 --> 00:34:01,440
Speaker 4: debt and impoverished country. So that he overcame those and

625
00:34:01,520 --> 00:34:07,240
Speaker 4: that we're treated like that the world knows our name

626
00:34:07,360 --> 00:34:11,480
Speaker 4: now is quite remarkable for this little country.

627
00:34:12,160 --> 00:34:16,359
Speaker 3: Well to Stacy's point, so if in fact, the al

628
00:34:16,440 --> 00:34:23,600
Speaker 3: Savador Bukelly miracle is irreproducible, and instead of waiting for

629
00:34:23,640 --> 00:34:28,400
Speaker 3: another country to become the next Alsavador, the only option

630
00:34:28,480 --> 00:34:31,960
Speaker 3: would be to move to El Savador. So I think

631
00:34:32,000 --> 00:34:34,400
Speaker 3: that's what's going to be driving a lot of folks

632
00:34:34,440 --> 00:34:38,520
Speaker 3: too actually move to El Savador. And we see that

633
00:34:38,640 --> 00:34:40,400
Speaker 3: in the numbers, right, the number of people at the

634
00:34:40,440 --> 00:34:43,800
Speaker 3: southern border in the United States who are fleeing South

635
00:34:43,840 --> 00:34:47,080
Speaker 3: America and Central America. Well, one country is an outlier,

636
00:34:47,120 --> 00:34:51,000
Speaker 3: and that is Al Savador. There's now almost equilibrium. There's

637
00:34:51,040 --> 00:34:54,920
Speaker 3: now almost as many people fleeing too El Savador as

638
00:34:54,960 --> 00:34:58,120
Speaker 3: there are people leaving Al Savador. So that speaks to

639
00:34:58,160 --> 00:34:59,919
Speaker 3: the uniqueness of what's happening here.

640
00:35:00,120 --> 00:35:03,480
Speaker 4: And I also want to bring it back to Florence

641
00:35:03,520 --> 00:35:06,840
Speaker 4: because again, like there were a load of very wealthy

642
00:35:07,120 --> 00:35:10,399
Speaker 4: rulers of the other city states. And yeah, they did

643
00:35:10,440 --> 00:35:13,520
Speaker 4: finance some public art, and yeah, they did finance some

644
00:35:13,560 --> 00:35:16,640
Speaker 4: of the same artists, and they did copy the florin

645
00:35:16,719 --> 00:35:19,959
Speaker 4: and they had the duke kat and other currencies like that.

646
00:35:20,600 --> 00:35:24,640
Speaker 4: But it was medici more than just that. It wasn't

647
00:35:24,680 --> 00:35:26,399
Speaker 4: just he was rich. It wasn't just that he had

648
00:35:26,440 --> 00:35:30,440
Speaker 4: good taste, aesthetic taste. And who was it that said

649
00:35:30,640 --> 00:35:35,440
Speaker 4: recently that, oh, the the ambassador sal Salvador from China

650
00:35:35,880 --> 00:35:42,279
Speaker 4: mentioned in that public of the inauguration of the library.

651
00:35:42,080 --> 00:35:46,920
Speaker 4: He mentioned how that President Bucelli, who Max calls a

652
00:35:46,920 --> 00:35:51,600
Speaker 4: philosopher king, that he has this amazing aesthetic taste. Well, yeah, okay,

653
00:35:51,640 --> 00:35:54,960
Speaker 4: so Medici had that. But what Medici also had was fortitude,

654
00:35:55,040 --> 00:35:58,520
Speaker 4: of course, and that's the strength of character is very

655
00:35:58,560 --> 00:36:02,080
Speaker 4: difficult to have. Remember he stood up against the Vatican,

656
00:36:02,160 --> 00:36:08,560
Speaker 4: and the Vatican the Pope excommunicated the entirety, the entire population

657
00:36:08,680 --> 00:36:12,480
Speaker 4: of Florence because they stood behind Medici. And they stood

658
00:36:12,480 --> 00:36:16,520
Speaker 4: behind Medici because Medici stood behind them. So that was

659
00:36:16,960 --> 00:36:21,480
Speaker 4: in those days it was a very powerful tool to

660
00:36:21,800 --> 00:36:25,040
Speaker 4: cut somebody off, to excommunicate them from the church, as

661
00:36:25,080 --> 00:36:29,120
Speaker 4: the equivalent of excommunicating, of sanctioning from swift for example.

662
00:36:29,160 --> 00:36:32,279
Speaker 4: So those sort of threats get issued today from the

663
00:36:32,320 --> 00:36:35,839
Speaker 4: modern papacy, that is the you know, the New York

664
00:36:35,880 --> 00:36:39,600
Speaker 4: fed the and the Washington DC elite, so that those

665
00:36:39,600 --> 00:36:42,359
Speaker 4: are their sort of tools. And yet you know, the

666
00:36:42,400 --> 00:36:46,360
Speaker 4: population here stood behind President Bukelly throughout everything, and the

667
00:36:46,400 --> 00:36:50,719
Speaker 4: same that happened in Florence. So there are many many traits, well,

668
00:36:50,719 --> 00:36:51,920
Speaker 4: there are seven virtues.

669
00:36:54,080 --> 00:36:56,520
Speaker 2: Another parallel that I'm just thinking of as you're talking

670
00:36:56,600 --> 00:36:58,719
Speaker 2: through is back to what I said earlier about this

671
00:36:59,040 --> 00:37:02,600
Speaker 2: long term perspective. And so Medici was building these buildings

672
00:37:02,600 --> 00:37:04,920
Speaker 2: that were taking forever. I mean some of them, some

673
00:37:04,960 --> 00:37:06,840
Speaker 2: of these things he was doing wouldn't even be around,

674
00:37:06,880 --> 00:37:10,719
Speaker 2: you know, in his lifetime for example. And what you know,

675
00:37:10,840 --> 00:37:13,840
Speaker 2: what Bukaele's doing in El Salvador, he probably you know,

676
00:37:13,880 --> 00:37:16,320
Speaker 2: he may not be alive to see really the full

677
00:37:16,440 --> 00:37:19,640
Speaker 2: fruit of what he's planting right now today. And just

678
00:37:19,680 --> 00:37:22,200
Speaker 2: compare that to Biden in the United States. I mean

679
00:37:22,320 --> 00:37:25,200
Speaker 2: just this week or now last week, the Fed pivoted

680
00:37:25,320 --> 00:37:28,000
Speaker 2: off of their stance of tightening monetary policy because we

681
00:37:28,000 --> 00:37:28,960
Speaker 2: have an election coming up.

682
00:37:29,400 --> 00:37:32,399
Speaker 1: It's like, let's just focus on the next nine months.

683
00:37:33,160 --> 00:37:35,960
Speaker 2: Like forget about my kids and my grandkids. Let's focus

684
00:37:35,960 --> 00:37:37,719
Speaker 2: on the next nine months. And so it's like that's

685
00:37:37,719 --> 00:37:39,000
Speaker 2: a in stark contrast.

686
00:37:39,520 --> 00:37:39,680
Speaker 1: You know.

687
00:37:39,680 --> 00:37:43,359
Speaker 2: Another start contrast is you have Europe putting in these

688
00:37:43,680 --> 00:37:46,000
Speaker 2: laws over the internet, which is basically going to make

689
00:37:46,040 --> 00:37:48,480
Speaker 2: them like have a great firewall like China. I mean,

690
00:37:48,560 --> 00:37:51,839
Speaker 2: like literally, that's like the path they're going down. And

691
00:37:51,920 --> 00:37:55,840
Speaker 2: so we see this like one shift towards more communism,

692
00:37:55,880 --> 00:37:58,080
Speaker 2: if you will, and one going towards more freedom. I

693
00:37:58,120 --> 00:38:00,200
Speaker 2: want to go back to what you'd said, Stacey, this

694
00:38:00,239 --> 00:38:02,600
Speaker 2: is what I'm pretty interested in this. I've been trying

695
00:38:02,640 --> 00:38:04,680
Speaker 2: to get information from you guys since you left to

696
00:38:04,680 --> 00:38:07,440
Speaker 2: go down to El Salvador. But you talked about, you know,

697
00:38:07,520 --> 00:38:09,279
Speaker 2: now starting to attract some of the best and the

698
00:38:09,320 --> 00:38:13,960
Speaker 2: brightest people into El Salvador. I think, you know, people

699
00:38:14,120 --> 00:38:16,319
Speaker 2: to your point sort of attached to it spiritually. They

700
00:38:16,320 --> 00:38:18,000
Speaker 2: want to go to a place that has the freedom

701
00:38:18,040 --> 00:38:19,920
Speaker 2: and even though it may not be as nice as

702
00:38:19,920 --> 00:38:23,640
Speaker 2: where they're at, the direction is right and if there's

703
00:38:23,640 --> 00:38:25,759
Speaker 2: strong private property rights and freedom, then there's a good

704
00:38:25,760 --> 00:38:28,200
Speaker 2: place to start businesses and things like that.

705
00:38:28,280 --> 00:38:30,560
Speaker 1: So what is the path now? I know they just

706
00:38:30,600 --> 00:38:33,080
Speaker 1: recently announced some sort of initiative to get people to.

707
00:38:33,000 --> 00:38:36,400
Speaker 2: Come down there. There's like a new freedom passport or

708
00:38:36,440 --> 00:38:38,360
Speaker 2: something like that. It's like, what's the path for somebody

709
00:38:38,360 --> 00:38:41,280
Speaker 2: to come down, move down there, start a business, invest

710
00:38:41,320 --> 00:38:43,680
Speaker 2: into the company, country, build companies, et cetera.

711
00:38:43,880 --> 00:38:47,200
Speaker 4: Well, of course, you can email us at the Bitcoin

712
00:38:47,280 --> 00:38:51,880
Speaker 4: Office O NBTC at Presidencia dot gob dot SV and

713
00:38:51,960 --> 00:38:56,920
Speaker 4: we will help you know onboard any bitcoiners also we

714
00:38:56,960 --> 00:39:01,880
Speaker 4: will be having a website soon or bitcoiners in particular.

715
00:39:02,480 --> 00:39:05,360
Speaker 4: We have a freedom passports and that is part of

716
00:39:05,400 --> 00:39:08,319
Speaker 4: our renaissance two point zero and attracting the best.

717
00:39:08,360 --> 00:39:12,240
Speaker 5: On the right is so you can see what.

718
00:39:12,280 --> 00:39:15,279
Speaker 4: President Bukelly has managed in just two years. Yes, I

719
00:39:15,360 --> 00:39:18,960
Speaker 4: mean he's been in office for four years, but for

720
00:39:19,000 --> 00:39:22,400
Speaker 4: the first two years he did not have any control

721
00:39:22,440 --> 00:39:25,560
Speaker 4: of Congress. So for two years now you've seen what

722
00:39:25,680 --> 00:39:30,399
Speaker 4: he's done with the ability to lead, and what he's

723
00:39:30,440 --> 00:39:35,480
Speaker 4: done is quite remarkable. Not only has he transformed the

724
00:39:35,520 --> 00:39:40,080
Speaker 4: economy through bitcoin, but he's transformed he's rebranded the country

725
00:39:40,120 --> 00:39:43,000
Speaker 4: from the most dangerous on earth to the coolest place

726
00:39:43,040 --> 00:39:46,759
Speaker 4: that everybody wants to be. Right, So he's rid the

727
00:39:46,800 --> 00:39:50,520
Speaker 4: country of gangs that had plagued the country for decades.

728
00:39:51,000 --> 00:39:56,480
Speaker 4: He rid the country of these two plunder politics, right,

729
00:39:56,520 --> 00:40:00,759
Speaker 4: these two parties that plundered the nation over and over.

730
00:40:00,120 --> 00:40:04,040
Speaker 4: When we're doing a lot of work with Volcano energy

731
00:40:04,080 --> 00:40:06,520
Speaker 4: and the bitcoin mining here, one of the things you

732
00:40:06,600 --> 00:40:11,680
Speaker 4: note is that a lot of the electric grid was

733
00:40:11,719 --> 00:40:15,000
Speaker 4: basically plundered for the past forty fifty years by those

734
00:40:15,000 --> 00:40:19,440
Speaker 4: two parties. They didn't any money that came towards investing

735
00:40:19,480 --> 00:40:22,840
Speaker 4: in the grid. They just stole it. The president of

736
00:40:22,920 --> 00:40:25,840
Speaker 4: the time would steal it and flee to Nicaragua or

737
00:40:25,960 --> 00:40:29,279
Speaker 4: flee to the United States. There's one former president of

738
00:40:29,360 --> 00:40:32,920
Speaker 4: El Salvador that stole billion dollars and he's he's in

739
00:40:32,920 --> 00:40:34,600
Speaker 4: the US being harbored there.

740
00:40:35,000 --> 00:40:37,360
Speaker 5: So that sort.

741
00:40:37,120 --> 00:40:39,640
Speaker 2: Of I saw, I saw Zelenski's buying like a twenty

742
00:40:39,680 --> 00:40:41,640
Speaker 2: million dollar house in Florida.

743
00:40:41,239 --> 00:40:43,240
Speaker 5: Now exactly same thing exactly.

744
00:40:43,640 --> 00:40:46,200
Speaker 4: So that's what we had here and that's what's over

745
00:40:46,239 --> 00:40:48,640
Speaker 4: and he's done that in just two years. So what

746
00:40:48,640 --> 00:40:51,080
Speaker 4: we're trying to attract is, yes, we already have like

747
00:40:51,160 --> 00:40:53,920
Speaker 4: the best and brightest coming here in terms of a

748
00:40:53,920 --> 00:40:58,560
Speaker 4: lot of bitcoiners moving here, individuals and entrepreneurs and companies

749
00:40:58,600 --> 00:41:01,120
Speaker 4: setting up headquarters here. And that's a sort of adoption

750
00:41:01,200 --> 00:41:04,840
Speaker 4: we want to see. You know, there is a pretty

751
00:41:04,840 --> 00:41:10,520
Speaker 4: easy path to certainly residency here. It doesn't cost much

752
00:41:10,560 --> 00:41:12,640
Speaker 4: and it's pretty easy. You could just move here. You

753
00:41:12,680 --> 00:41:15,160
Speaker 4: don't need you know, it's not difficult like say moving

754
00:41:15,160 --> 00:41:18,840
Speaker 4: to Canada or the United Kingdom. It's super easy and

755
00:41:19,040 --> 00:41:22,120
Speaker 4: pretty cheap. Now with our Freedom passport, which is a

756
00:41:22,200 --> 00:41:25,319
Speaker 4: million dollars, it's one million dollars. It's a very very

757
00:41:25,360 --> 00:41:30,800
Speaker 4: fast path to passport. Most people should qualify within six weeks.

758
00:41:30,920 --> 00:41:35,920
Speaker 4: They get a new passport based on our KYC, criminal

759
00:41:35,920 --> 00:41:37,440
Speaker 4: background check, all this stuff you have to do. But

760
00:41:37,480 --> 00:41:40,160
Speaker 4: it's a million dollars. And what there is a donation.

761
00:41:40,360 --> 00:41:43,839
Speaker 4: It's a citizenship by donation. It's not an investment. There's

762
00:41:43,880 --> 00:41:48,840
Speaker 4: no big, vast bureaucracy around this. It's like you're donating

763
00:41:49,360 --> 00:41:54,240
Speaker 4: to what President bu Kelly is doing. He's expanding the domain,

764
00:41:54,760 --> 00:41:57,360
Speaker 4: the public domain of economic liberty.

765
00:41:57,400 --> 00:41:58,360
Speaker 5: That is his policy.

766
00:41:58,360 --> 00:42:02,160
Speaker 4: Bitcoin, by the way, falls under his larger policy of

767
00:42:02,280 --> 00:42:06,400
Speaker 4: economic liberty. Economic liberty also encapsulates what he's done with

768
00:42:06,520 --> 00:42:10,720
Speaker 4: the security and you know, securing life, liberty, and property

769
00:42:10,760 --> 00:42:14,640
Speaker 4: for the people. So you're you're basically set.

770
00:42:14,800 --> 00:42:15,040
Speaker 5: You know.

771
00:42:15,280 --> 00:42:20,840
Speaker 4: It's attracting a lot of very early bitcoiners, bitcoin whales,

772
00:42:21,440 --> 00:42:26,120
Speaker 4: billionaires who want to be the one who to make

773
00:42:26,160 --> 00:42:28,360
Speaker 4: a change. They want to leave a legacy, right like,

774
00:42:28,400 --> 00:42:30,840
Speaker 4: because anybody could go buy a passport in Saint KITT's

775
00:42:30,880 --> 00:42:33,400
Speaker 4: and hang out with Roger vere for two hundred and

776
00:42:33,440 --> 00:42:37,319
Speaker 4: fifty three hundred thousand dollars. But here you could be

777
00:42:37,440 --> 00:42:41,000
Speaker 4: in the history books as part of like if Medici

778
00:42:41,040 --> 00:42:43,279
Speaker 4: had invited you to come have dinner with him and

779
00:42:44,200 --> 00:42:49,799
Speaker 4: Da Vinci and Machiavelli and you know, all Bodicelli and

780
00:42:49,800 --> 00:42:53,480
Speaker 4: all the cool people hanging out, Michaelangelo hanging out in Florence, like,

781
00:42:54,000 --> 00:42:55,680
Speaker 4: you would do it right, You would pay a million

782
00:42:55,719 --> 00:42:58,320
Speaker 4: dollars to be at that table and have a say

783
00:42:58,800 --> 00:43:01,920
Speaker 4: in building the few future that Florence did achieve.

784
00:43:03,800 --> 00:43:06,560
Speaker 2: Yeah, so a million dollars if you want to fast

785
00:43:06,560 --> 00:43:09,160
Speaker 2: track it and donate to the cause and sort of

786
00:43:09,160 --> 00:43:12,640
Speaker 2: have that passport. Otherwise, anybody could move down there, start

787
00:43:12,640 --> 00:43:16,160
Speaker 2: a business and just apply for I guess probably temporary residency,

788
00:43:16,200 --> 00:43:17,960
Speaker 2: then get a permanent residency and sort of go down

789
00:43:17,960 --> 00:43:18,239
Speaker 2: that path.

790
00:43:18,239 --> 00:43:19,319
Speaker 1: It's probably a five year path.

791
00:43:19,400 --> 00:43:22,080
Speaker 4: It's a five year path, and you can go. There's

792
00:43:22,120 --> 00:43:25,319
Speaker 4: two sort of entities that could help you with onboarding

793
00:43:25,360 --> 00:43:31,480
Speaker 4: to that path of residency and business formation and ultimately citizenship,

794
00:43:32,000 --> 00:43:37,759
Speaker 4: and that would be Accelerate SV dot Io. So Accelerate

795
00:43:38,239 --> 00:43:41,160
Speaker 4: SV is the is the country symbol for El Salvador

796
00:43:41,800 --> 00:43:44,960
Speaker 4: dot Io and the other is also Bitcoin the Association

797
00:43:45,040 --> 00:43:47,759
Speaker 4: of Bitcoin in Al Salvador, so also bitcoin dot org

798
00:43:48,160 --> 00:43:49,759
Speaker 4: and they're also on Twitter, so you.

799
00:43:49,680 --> 00:43:51,319
Speaker 5: Could go to them. You know.

800
00:43:51,360 --> 00:43:54,200
Speaker 4: It's like, I don't know, don't quote me on the numbers,

801
00:43:54,200 --> 00:43:56,600
Speaker 4: but it's like less than one thousand dollars to get

802
00:43:56,640 --> 00:43:58,879
Speaker 4: legal help to help you on board. But you could

803
00:43:58,880 --> 00:44:00,880
Speaker 4: do it yourself if you can reach Spanish and a

804
00:44:00,880 --> 00:44:02,320
Speaker 4: lot of it is in English. If you go to

805
00:44:02,400 --> 00:44:06,440
Speaker 4: the migration website of El Salvador and you could figure

806
00:44:06,440 --> 00:44:08,120
Speaker 4: your way out there, it might be less than one

807
00:44:08,160 --> 00:44:12,360
Speaker 4: hundred dollars to apply for a residency visa.

808
00:44:13,400 --> 00:44:16,240
Speaker 2: What are some of the like long term risks here?

809
00:44:16,480 --> 00:44:19,920
Speaker 2: And I think, if I'm not mistaken, you had told

810
00:44:19,960 --> 00:44:23,000
Speaker 2: me that Buqueley sort of like stepped down, so he's

811
00:44:23,040 --> 00:44:27,800
Speaker 2: rerunning for election potentially. You know a lot of people

812
00:44:27,840 --> 00:44:29,840
Speaker 2: had accused him of being a dictator because of the

813
00:44:29,840 --> 00:44:31,359
Speaker 2: way that he had to sort of reform the court

814
00:44:31,480 --> 00:44:33,600
Speaker 2: system that you know, the two political parties.

815
00:44:33,600 --> 00:44:35,560
Speaker 1: To your point, I don't know.

816
00:44:35,560 --> 00:44:37,759
Speaker 2: If he stepped down, he's rerunning correct me if I'm wrong,

817
00:44:37,800 --> 00:44:39,600
Speaker 2: but maybe to sort of prove that, like, hey, I

818
00:44:39,600 --> 00:44:41,400
Speaker 2: didn't just take this over. You can reelect me if

819
00:44:41,440 --> 00:44:44,480
Speaker 2: you want do these run on like four year cycles

820
00:44:44,520 --> 00:44:46,640
Speaker 2: like the US, and like what happens if there's a

821
00:44:46,680 --> 00:44:49,640
Speaker 2: color revolution doesn't get re elected in four years from now,

822
00:44:50,600 --> 00:44:51,640
Speaker 2: Like what does that look like?

823
00:44:52,440 --> 00:44:56,000
Speaker 4: It's five year terms here, And he's following the constitution.

824
00:44:56,160 --> 00:45:00,920
Speaker 4: The Supreme Court year said that if he stepped down

825
00:45:01,040 --> 00:45:03,439
Speaker 4: or like he takes a leave of absence for six

826
00:45:03,480 --> 00:45:08,040
Speaker 4: months prior to the inauguration, which is June first, then

827
00:45:08,360 --> 00:45:12,040
Speaker 4: that qualifies under the constitution, which was written during the

828
00:45:12,080 --> 00:45:17,720
Speaker 4: military dictatorship in the eighties early eighties. So he's doing

829
00:45:17,719 --> 00:45:20,040
Speaker 4: that in terms of I don't think that's going to

830
00:45:20,120 --> 00:45:23,520
Speaker 4: be a color revolution. The US has seen with their

831
00:45:23,520 --> 00:45:27,359
Speaker 4: own two eyes the remarkable achievements here. And the US

832
00:45:27,400 --> 00:45:30,640
Speaker 4: ambassador who was only appointed in twenty twenty three, the

833
00:45:30,840 --> 00:45:33,520
Speaker 4: US ambassador to El Salvador, who is a he's a

834
00:45:33,560 --> 00:45:38,680
Speaker 4: really good guy. He's a lifelong diplomat and so he's

835
00:45:38,840 --> 00:45:43,439
Speaker 4: less political for example, like a lot of US ambassadors are,

836
00:45:43,680 --> 00:45:47,680
Speaker 4: you know, friends of the president. This guy he's you know,

837
00:45:47,800 --> 00:45:51,000
Speaker 4: a smart, good guy, and he's honest. And he said

838
00:45:51,120 --> 00:45:53,520
Speaker 4: what he saw here, and what he saw here was

839
00:45:54,040 --> 00:45:57,880
Speaker 4: the people living in freedom for the first time. That

840
00:45:58,000 --> 00:46:00,160
Speaker 4: he's ever seen, and he's been here many times the

841
00:46:00,160 --> 00:46:04,600
Speaker 4: past few decades. So he believes in the United States,

842
00:46:04,640 --> 00:46:09,080
Speaker 4: believes that that there's now peace and security here and

843
00:46:09,719 --> 00:46:13,200
Speaker 4: life is being protected and the people are happy. And

844
00:46:13,360 --> 00:46:17,680
Speaker 4: they said recently, and including the somebody from the State

845
00:46:17,719 --> 00:46:21,640
Speaker 4: Department was here and they said that let the people decide,

846
00:46:21,800 --> 00:46:25,239
Speaker 4: because you know, we believe in democracy, so that if

847
00:46:25,280 --> 00:46:27,560
Speaker 4: the people don't like it, then on February fourth, they

848
00:46:27,560 --> 00:46:29,920
Speaker 4: can say they could let their voice be heard.

849
00:46:29,719 --> 00:46:31,160
Speaker 5: At the at the ballot box.

850
00:46:31,680 --> 00:46:35,960
Speaker 4: And the polls gallup shows that basically about ninety three

851
00:46:36,040 --> 00:46:38,880
Speaker 4: percent plan on voting for him and his party.

852
00:46:42,280 --> 00:46:47,440
Speaker 2: Let's talk about some predictions here, Max, not price predictions.

853
00:46:47,480 --> 00:46:48,799
Speaker 2: If you wanted to, you could throw that out there,

854
00:46:48,800 --> 00:46:51,440
Speaker 2: but we have right now, we're sort of sitting on

855
00:46:51,480 --> 00:46:57,120
Speaker 2: the precipice of potentially multiple ets getting approved potentially here

856
00:46:57,200 --> 00:47:00,719
Speaker 2: in weeks, although they're quickly changing the registered to where

857
00:47:00,719 --> 00:47:02,680
Speaker 2: they I guess not physical now there's going to be

858
00:47:02,719 --> 00:47:04,680
Speaker 2: cash settled, so it sort of defeats the little purpose.

859
00:47:04,719 --> 00:47:07,759
Speaker 2: But as that's happening, you know, the evil Empire black

860
00:47:07,840 --> 00:47:10,839
Speaker 2: Rock wants to launch their etf et cetera. While that's

861
00:47:10,840 --> 00:47:15,640
Speaker 2: happening almost in Unison. We have Elizabeth Warren passing this

862
00:47:17,800 --> 00:47:21,839
Speaker 2: horrible bill that would basically make could could potentially make

863
00:47:21,880 --> 00:47:26,560
Speaker 2: bitcoin end and cryptocurrency illegal, potentially and potentially the attack

864
00:47:26,719 --> 00:47:29,920
Speaker 2: vector there is like this self custody. Maybe I'm reading

865
00:47:29,920 --> 00:47:31,839
Speaker 2: in this too much, but like if they could take

866
00:47:31,840 --> 00:47:34,040
Speaker 2: away the ability of self custody, but you can own it.

867
00:47:33,960 --> 00:47:35,520
Speaker 1: Through blackrock, so to speak.

868
00:47:36,200 --> 00:47:38,719
Speaker 2: Do you think those two things are are are coming

869
00:47:38,760 --> 00:47:42,359
Speaker 2: together sort of in Unison for a cause? And if

870
00:47:42,400 --> 00:47:45,920
Speaker 2: so does that I would imagine help what else alvat

871
00:47:46,000 --> 00:47:48,279
Speaker 2: Or is doing. I mean, if I can't own it

872
00:47:48,320 --> 00:47:50,080
Speaker 2: in the US, I mean maybe I'll own it on paper,

873
00:47:50,080 --> 00:47:51,360
Speaker 2: but then I can move down to de el Salvador

874
00:47:51,400 --> 00:47:52,160
Speaker 2: and custody it myself.

875
00:47:52,200 --> 00:47:53,960
Speaker 1: At some point the answer.

876
00:47:53,760 --> 00:47:57,120
Speaker 3: Would be yes, but to give for some more details there.

877
00:47:57,160 --> 00:48:00,799
Speaker 3: So yeah, the ATFS, it's interesting and in finance for

878
00:48:00,840 --> 00:48:04,359
Speaker 3: over forty years and to see the coordination and the

879
00:48:04,520 --> 00:48:08,840
Speaker 3: multiple launch of a product simultaneously like this is highly unusual.

880
00:48:08,840 --> 00:48:11,080
Speaker 3: It's never seen it quite before, so that I think

881
00:48:11,120 --> 00:48:13,640
Speaker 3: there is an agenda going on, and.

882
00:48:13,640 --> 00:48:17,160
Speaker 2: I think simultaneously are saying like the laws and the

883
00:48:17,160 --> 00:48:18,200
Speaker 2: ETF launched.

884
00:48:17,960 --> 00:48:24,960
Speaker 3: Together that multiple ETFs being launched simultaneously from fifteen different

885
00:48:24,960 --> 00:48:29,120
Speaker 3: financial institutions are all kind of an ETF in the works.

886
00:48:29,400 --> 00:48:33,000
Speaker 3: Usually it's you know, first mover advantage, and somebody comes

887
00:48:33,040 --> 00:48:34,880
Speaker 3: up with an ETF and they kind of get the

888
00:48:34,920 --> 00:48:38,279
Speaker 3: market and they are like the GLD, for example, was

889
00:48:38,360 --> 00:48:41,880
Speaker 3: launched and I believe either HSBC or JP Morgan or

890
00:48:41,880 --> 00:48:44,359
Speaker 3: the custodian behind that, and they launched it and they

891
00:48:44,400 --> 00:48:47,120
Speaker 3: captured the blind share of the market and they have

892
00:48:47,280 --> 00:48:49,840
Speaker 3: that product. And that's typically the way products are launched.

893
00:48:49,840 --> 00:48:51,719
Speaker 3: But here they're saying to Wall Street, we want you

894
00:48:51,760 --> 00:48:55,640
Speaker 3: to coordinate a product launch simultaneously amongst all of you

895
00:48:55,719 --> 00:49:01,120
Speaker 3: financial institutions. So that looks like there's a highly politicized

896
00:49:01,680 --> 00:49:05,560
Speaker 3: looks like a highly politicized, uh kind of coordination going

897
00:49:05,560 --> 00:49:08,720
Speaker 3: on there. Simultaneously, Liz Warren is saying what she's saying

898
00:49:09,080 --> 00:49:12,960
Speaker 3: and attacking bitcoin and so called crypto. So to your point,

899
00:49:13,239 --> 00:49:15,920
Speaker 3: that is this set up a situation where the public

900
00:49:16,000 --> 00:49:18,840
Speaker 3: is only allowed to own ETFs which are derivative of

901
00:49:18,920 --> 00:49:22,719
Speaker 3: bitcoin and cash settled similar to gold. You know, if

902
00:49:22,800 --> 00:49:26,000
Speaker 3: gold gets into GLD gets into trouble, they have the

903
00:49:26,040 --> 00:49:28,399
Speaker 3: ability to settle in cash they don't have to send

904
00:49:28,400 --> 00:49:30,400
Speaker 3: you gold, they can send you fee out money to

905
00:49:30,480 --> 00:49:34,760
Speaker 3: your exact phrase. It defeats the purpose. So an ETF

906
00:49:34,800 --> 00:49:40,440
Speaker 3: bitcoin that's settled in cash is almost pointed. Nevertheless, it

907
00:49:40,480 --> 00:49:44,719
Speaker 3: will bring in a lot of capital. Simultaneously, they could say, well,

908
00:49:44,960 --> 00:49:49,040
Speaker 3: self custody of bitcoin, according to Liz Warren, could be banned.

909
00:49:49,680 --> 00:49:52,000
Speaker 3: So now you have a situation where only the government

910
00:49:52,120 --> 00:49:56,200
Speaker 3: can own actual bitcoin and but the public can only

911
00:49:56,239 --> 00:49:59,600
Speaker 3: own a derivative. Now would that help El Salvador of course,

912
00:49:59,640 --> 00:50:03,200
Speaker 3: because everybody who has lost their bitcoin in a tragic

913
00:50:03,280 --> 00:50:08,560
Speaker 3: voting accident immediately be liked Al Salvador because the leadership

914
00:50:08,560 --> 00:50:12,200
Speaker 3: here would recognize this is a huge opportunity. President mc

915
00:50:12,280 --> 00:50:16,440
Speaker 3: kelly is a fantastic leader, and like all fantastic leaders,

916
00:50:16,840 --> 00:50:21,400
Speaker 3: his ideas are fantastic. Plus he capitalizes on other people's mistakes,

917
00:50:21,680 --> 00:50:24,520
Speaker 3: Like when other countries make a mistake, he jumps in

918
00:50:24,800 --> 00:50:28,440
Speaker 3: and capitalizes on that mistake. That's part of being a leader,

919
00:50:28,520 --> 00:50:31,279
Speaker 3: I think. And so if these other countries want to

920
00:50:31,320 --> 00:50:34,399
Speaker 3: make that mistake, Al Savador is happy to be the beneficiary.

921
00:50:35,040 --> 00:50:39,040
Speaker 4: I also think. I also think I also think that

922
00:50:41,280 --> 00:50:45,279
Speaker 4: what they're going to do is they know for a

923
00:50:45,280 --> 00:50:48,759
Speaker 4: fact they can't outlaw bitcoin. They know that because they

924
00:50:48,800 --> 00:50:53,680
Speaker 4: know that is genuinely decentralized and that there is no

925
00:50:53,840 --> 00:51:00,440
Speaker 4: CEO and there is nobody to arrest so and it's global,

926
00:51:00,600 --> 00:51:03,960
Speaker 4: so it's more difficult than to do like a gold

927
00:51:04,239 --> 00:51:08,000
Speaker 4: confiscation sort of scheme like they did in the nineteen thirties.

928
00:51:08,520 --> 00:51:11,279
Speaker 4: So I think what they're going to do is they

929
00:51:11,280 --> 00:51:13,920
Speaker 4: present this whole like we're going to ban everything and

930
00:51:13,920 --> 00:51:16,440
Speaker 4: we're going to rest you all, and then they'll say like, Okay,

931
00:51:16,600 --> 00:51:19,799
Speaker 4: what we're really going to ban is any coin with

932
00:51:19,880 --> 00:51:23,320
Speaker 4: a CEO or a marketing budget and a marketing department.

933
00:51:23,760 --> 00:51:27,759
Speaker 4: Those are easy to criminalize, right those because there is

934
00:51:27,800 --> 00:51:31,560
Speaker 4: somebody to contact, So they'll do those.

935
00:51:31,440 --> 00:51:33,680
Speaker 5: First, and.

936
00:51:35,320 --> 00:51:38,960
Speaker 4: They clearly however, Gary Gensler has said it, all the

937
00:51:39,400 --> 00:51:43,160
Speaker 4: chairmen of the CFTC, all the officials have. You know,

938
00:51:43,200 --> 00:51:46,040
Speaker 4: they're pretty good at like signaling to you with their words,

939
00:51:46,040 --> 00:51:48,080
Speaker 4: like if you actually listen to the stuff they say,

940
00:51:48,239 --> 00:51:52,040
Speaker 4: they've told you years ago that bitcoin is a commodity

941
00:51:52,120 --> 00:51:55,120
Speaker 4: everything else as to security. So I think that's what

942
00:51:55,160 --> 00:51:57,239
Speaker 4: they'll do. They're not going to they're not going to

943
00:51:57,320 --> 00:52:01,319
Speaker 4: ban it, like Liz Warren is playing the crazy person, right.

944
00:52:01,640 --> 00:52:03,799
Speaker 4: This this is just good cop, bad cop. This is

945
00:52:03,880 --> 00:52:06,799
Speaker 4: just a negotiation tactic. And what they're going to do

946
00:52:07,000 --> 00:52:09,360
Speaker 4: is they're going to regulate all well, they're going to

947
00:52:09,440 --> 00:52:12,040
Speaker 4: do kind of what we did here. Bitcoin is money

948
00:52:12,120 --> 00:52:15,359
Speaker 4: and everything else is security. Because if you didn't say

949
00:52:15,400 --> 00:52:18,960
Speaker 4: everything else is to security, what the shitcoiners and scammers

950
00:52:19,000 --> 00:52:21,759
Speaker 4: said is like, well, you haven't liked defined us, so

951
00:52:21,800 --> 00:52:25,000
Speaker 4: we get to operate with impunity. Well, no, like, it's

952
00:52:25,000 --> 00:52:29,319
Speaker 4: against the law to scam people, and here here's your

953
00:52:29,360 --> 00:52:31,440
Speaker 4: avenue to register.

954
00:52:31,120 --> 00:52:31,960
Speaker 5: As a security.

955
00:52:32,200 --> 00:52:34,840
Speaker 4: Tell everybody that they're going to lose all their money,

956
00:52:34,920 --> 00:52:38,680
Speaker 4: and like, you know the warning, you know, the symbols

957
00:52:38,719 --> 00:52:41,040
Speaker 4: on the back of the cigarette package showing you're.

958
00:52:40,960 --> 00:52:41,439
Speaker 1: Going to die.

959
00:52:41,680 --> 00:52:45,000
Speaker 4: You're most likely going to die smoking the same thing

960
00:52:45,000 --> 00:52:47,040
Speaker 4: with you, like a shitcoin is like, you're going to

961
00:52:47,120 --> 00:52:48,799
Speaker 4: lose all your wealth, You're going to end up poor,

962
00:52:48,840 --> 00:52:50,759
Speaker 4: You're gonna end up like we're gonna put photos of

963
00:52:51,400 --> 00:52:54,480
Speaker 4: homeless bums on the street, you know, just passed out

964
00:52:54,520 --> 00:52:57,680
Speaker 4: sleeping under a stairwell, and that's basically your future on

965
00:52:57,719 --> 00:53:01,719
Speaker 4: the shitcoin. But okay, you knew and nobody's because in

966
00:53:01,880 --> 00:53:04,520
Speaker 4: a hard money economy, there's nobody there to bail you

967
00:53:04,560 --> 00:53:07,399
Speaker 4: out from your dumb mistakes like this ain't the US

968
00:53:07,520 --> 00:53:10,560
Speaker 4: dollar is sort of fiat money system here. We don't

969
00:53:10,560 --> 00:53:13,480
Speaker 4: have our own printed currency to print and bail you

970
00:53:13,520 --> 00:53:14,799
Speaker 4: out from your dumb mistakes.

971
00:53:16,239 --> 00:53:18,640
Speaker 2: Right. Yeah, My fear is, you see things like the

972
00:53:18,760 --> 00:53:21,640
Speaker 2: restrict Act they put into place, and what Elizabeth Warren's

973
00:53:21,680 --> 00:53:24,520
Speaker 2: doing is like any interfacing with any piece of software

974
00:53:24,640 --> 00:53:26,640
Speaker 2: technology that they deem to be a threat to national

975
00:53:26,640 --> 00:53:30,520
Speaker 2: security could be illegal. And you know they're using words like, oh,

976
00:53:30,600 --> 00:53:32,640
Speaker 2: it's a threat to her financial stability, So is that

977
00:53:32,640 --> 00:53:33,680
Speaker 2: a threat to ours security?

978
00:53:33,920 --> 00:53:34,799
Speaker 1: Hopefully we're along way.

979
00:53:34,800 --> 00:53:36,080
Speaker 5: The Supreme Court won't allow her.

980
00:53:36,280 --> 00:53:39,319
Speaker 4: They've already done this dozands of times, and every new

981
00:53:39,400 --> 00:53:43,520
Speaker 4: tyrant in the Senate thinks they could like argue differently,

982
00:53:43,760 --> 00:53:47,239
Speaker 4: But the Supreme Court has always backed free speech, They've

983
00:53:47,280 --> 00:53:48,400
Speaker 4: always backed code.

984
00:53:48,400 --> 00:53:49,440
Speaker 5: They've always done that.

985
00:53:49,800 --> 00:53:53,000
Speaker 4: Like, so I don't think I don't think there's any

986
00:53:53,120 --> 00:53:56,560
Speaker 4: chance in hell of her getting what she wants. Maybe

987
00:53:56,640 --> 00:53:59,000
Speaker 4: just might she might be able to pass it, but

988
00:53:59,040 --> 00:54:01,040
Speaker 4: the Supreme Court's a rule against her.

989
00:54:01,520 --> 00:54:05,839
Speaker 3: Yeah, I remember, bitcoin separates money from state and that's

990
00:54:06,600 --> 00:54:09,360
Speaker 3: that's as actor. That's true, is saying that gold is

991
00:54:09,400 --> 00:54:12,080
Speaker 3: element number seventy nine on the periodic table. That's it's

992
00:54:12,080 --> 00:54:15,320
Speaker 3: a statement of fact. And now the state is trying

993
00:54:15,360 --> 00:54:19,880
Speaker 3: to trying to snatch it back, but the vector that

994
00:54:19,880 --> 00:54:23,719
Speaker 3: bitcoin is on it has achieved escape velocity and no

995
00:54:23,880 --> 00:54:26,960
Speaker 3: state will be able to try to bring it back

996
00:54:27,200 --> 00:54:31,200
Speaker 3: in the fold. It's gone. They messed up. It's gone.

997
00:54:31,400 --> 00:54:34,719
Speaker 4: Yeah, Austin. Austin Goulsby was right about that. He said

998
00:54:34,760 --> 00:54:37,080
Speaker 4: we should have killed it while we had the chance.

999
00:54:37,160 --> 00:54:42,080
Speaker 4: You know, he being under President Obama and Satoshi himself

1000
00:54:42,200 --> 00:54:46,000
Speaker 4: like message said as such. During like when wiki leaks

1001
00:54:46,000 --> 00:54:49,440
Speaker 4: first got involved in bitcoin in twenty ten, he was worried.

1002
00:54:50,080 --> 00:54:53,240
Speaker 4: He expressed concern saying that we're like, we're too young

1003
00:54:53,280 --> 00:54:55,560
Speaker 4: and we're too small to battle the US.

1004
00:54:55,840 --> 00:54:57,480
Speaker 1: We kicked the horn Yeah, yeah, kick.

1005
00:54:57,360 --> 00:55:01,520
Speaker 5: The Hornets's that's what he said. And so he was right.

1006
00:55:01,560 --> 00:55:06,680
Speaker 4: But luckily, well, the US had multiple warfronts at that time,

1007
00:55:06,719 --> 00:55:09,400
Speaker 4: and it was too small and they didn't think it

1008
00:55:09,480 --> 00:55:12,000
Speaker 4: was going to be a threat. So they just thought

1009
00:55:12,000 --> 00:55:15,719
Speaker 4: it was Max and Stacy and Kaiser report, So they

1010
00:55:15,760 --> 00:55:16,240
Speaker 4: were wrong.

1011
00:55:16,880 --> 00:55:19,879
Speaker 3: The thing about money Mark, as you always bring up,

1012
00:55:20,000 --> 00:55:25,560
Speaker 3: is that it is a code, a coded way to

1013
00:55:25,600 --> 00:55:32,000
Speaker 3: promote freedom. It's a it's and so bitcoin is perfect money,

1014
00:55:32,040 --> 00:55:35,160
Speaker 3: and therefore it satisfies something in us as human beings.

1015
00:55:35,680 --> 00:55:38,440
Speaker 3: So as long as humans still want to be human,

1016
00:55:39,120 --> 00:55:42,440
Speaker 3: bitcoin will be on that vector going away from the state,

1017
00:55:42,480 --> 00:55:47,200
Speaker 3: and the state always ends up coalescing and becoming powerful

1018
00:55:47,239 --> 00:55:51,080
Speaker 3: to the extent of stuffing out freedoms. And this, therefore,

1019
00:55:51,320 --> 00:55:56,280
Speaker 3: this battle against money versus the state, has been lost

1020
00:55:56,600 --> 00:55:57,200
Speaker 3: by the state.

1021
00:55:57,320 --> 00:55:59,279
Speaker 1: They have lost. They are dead.

1022
00:55:59,360 --> 00:56:02,480
Speaker 3: The only thing now is to bury them. They're the

1023
00:56:02,560 --> 00:56:03,239
Speaker 3: walking dead.

1024
00:56:05,360 --> 00:56:06,520
Speaker 1: Yeah. Yeah.

1025
00:56:06,600 --> 00:56:09,759
Speaker 2: In Alex Sveetzky and I, in our book The Uncommunist Manifesto,

1026
00:56:09,800 --> 00:56:12,040
Speaker 2: we sort of made the case that capitalism is not

1027
00:56:12,080 --> 00:56:14,839
Speaker 2: a political modality. Capitalism is just natural.

1028
00:56:14,520 --> 00:56:15,279
Speaker 1: Emergent order.

1029
00:56:15,640 --> 00:56:18,600
Speaker 2: We as humans have private property and we use our

1030
00:56:18,640 --> 00:56:22,560
Speaker 2: intellectual ability and private property to trade freely. And that's

1031
00:56:22,680 --> 00:56:24,960
Speaker 2: just the way the world works, right, Kids are trading

1032
00:56:25,040 --> 00:56:27,520
Speaker 2: sandwiches for chips or whatever. I had a fire, you

1033
00:56:27,600 --> 00:56:30,600
Speaker 2: at an animal. We share that, right, And so if

1034
00:56:30,640 --> 00:56:33,279
Speaker 2: that is natural and emergent, then we need a way

1035
00:56:33,320 --> 00:56:35,520
Speaker 2: to trade, and so we need some form of medium

1036
00:56:35,520 --> 00:56:37,680
Speaker 2: of exchange, and that's.

1037
00:56:37,440 --> 00:56:38,280
Speaker 1: Just human nature.

1038
00:56:38,320 --> 00:56:40,319
Speaker 2: The government can't really co op that they could try

1039
00:56:40,440 --> 00:56:42,080
Speaker 2: for a time, but to your boy, Max, like it's

1040
00:56:42,080 --> 00:56:42,760
Speaker 2: already failed.

1041
00:56:42,800 --> 00:56:45,439
Speaker 1: It will fail, it will already fail. And now we're

1042
00:56:45,440 --> 00:56:45,920
Speaker 1: just kind of.

1043
00:56:45,920 --> 00:56:48,759
Speaker 3: And c And also we have a leader that does

1044
00:56:48,800 --> 00:56:52,480
Speaker 3: the personification of this, who recognizes this is a natural

1045
00:56:52,560 --> 00:56:57,840
Speaker 3: leader based on natural values, ancient values, and so you

1046
00:56:57,960 --> 00:57:00,959
Speaker 3: married that with bitcoin and people are paying a million

1047
00:57:01,000 --> 00:57:03,520
Speaker 3: dollars in donation to be a part of it.

1048
00:57:05,680 --> 00:57:10,480
Speaker 2: Yeah, well we've covered a lot as someone, I mean, Max,

1049
00:57:10,520 --> 00:57:12,280
Speaker 2: Max and Stacy, both of you guys have been pounding

1050
00:57:12,280 --> 00:57:14,400
Speaker 2: the table on bitcoin longer than anybody. You guys with

1051
00:57:14,440 --> 00:57:17,080
Speaker 2: a psychopath screaming at the top of her lungs on

1052
00:57:17,120 --> 00:57:20,160
Speaker 2: the streets. But it just continues to, you know, play

1053
00:57:20,200 --> 00:57:22,640
Speaker 2: out the way that you see it. And a lot

1054
00:57:22,680 --> 00:57:25,240
Speaker 2: of it's because it is that natural emergent process and

1055
00:57:25,240 --> 00:57:26,760
Speaker 2: this is just sort of how the world works.

1056
00:57:27,680 --> 00:57:29,200
Speaker 1: So anyway, I appreciate you guys sharing that.

1057
00:57:29,240 --> 00:57:30,880
Speaker 2: I really appreciate you guys being down there and El

1058
00:57:30,920 --> 00:57:34,400
Speaker 2: Salvador and banging the drum on that as well. I

1059
00:57:34,600 --> 00:57:37,120
Speaker 2: love to see this pendulum swinging. I love to see

1060
00:57:37,120 --> 00:57:38,560
Speaker 2: this competition being set up.

1061
00:57:39,240 --> 00:57:41,120
Speaker 1: We're all rooting for it. To win. Did you have

1062
00:57:41,120 --> 00:57:42,360
Speaker 1: something you want to add to Yes.

1063
00:57:42,400 --> 00:57:44,680
Speaker 4: First, I want to mention because we haven't said it

1064
00:57:44,760 --> 00:57:47,760
Speaker 4: the whole episode, is this, during this whole interview, is

1065
00:57:47,760 --> 00:57:50,560
Speaker 4: we're talking like zoomers. Now, by the way, we might

1066
00:57:50,640 --> 00:57:53,440
Speaker 4: be he's a boomer, I'm almost I'm a gen X.

1067
00:57:53,480 --> 00:57:56,160
Speaker 4: But we're talking like zoomers here because this is the

1068
00:57:56,240 --> 00:57:58,240
Speaker 4: new way of them doing it. They hold their labs

1069
00:57:58,280 --> 00:57:58,760
Speaker 4: on our hand.

1070
00:57:58,880 --> 00:58:00,720
Speaker 5: Yeah, even Bloomberg. I've notice this on.

1071
00:58:00,800 --> 00:58:04,000
Speaker 4: My Twitter stream or my sorry, my ex stream that

1072
00:58:04,040 --> 00:58:08,040
Speaker 4: they're always holding these But I just want to say that,

1073
00:58:08,160 --> 00:58:13,320
Speaker 4: and also that if you're interested in acquiring freedom, you

1074
00:58:13,320 --> 00:58:16,200
Speaker 4: could apply for freedom here in El Salvador for one

1075
00:58:16,240 --> 00:58:21,160
Speaker 4: million dollars. You, your spouse, your dependent children all get

1076
00:58:21,240 --> 00:58:24,120
Speaker 4: a passport within six weeks if you go to adopting

1077
00:58:24,320 --> 00:58:28,880
Speaker 4: Al Salvador dot goob dot sv So just go there

1078
00:58:29,280 --> 00:58:32,080
Speaker 4: and forward slash freedom if you want double the freedom.

1079
00:58:34,000 --> 00:58:36,760
Speaker 2: So we're going to make sure we link that in

1080
00:58:36,840 --> 00:58:38,640
Speaker 2: the show notes down below. The one thing I just

1081
00:58:38,680 --> 00:58:40,440
Speaker 2: want to add to that that Stacy's talking about, and

1082
00:58:40,440 --> 00:58:42,200
Speaker 2: if you've been listening through this interview, we talk about

1083
00:58:42,200 --> 00:58:44,880
Speaker 2: this long term perspective and so like you know, I

1084
00:58:45,000 --> 00:58:47,720
Speaker 2: just keep reminding myself, like I mean, I'm kind of

1085
00:58:47,760 --> 00:58:49,800
Speaker 2: old now too, and like I got enough money, I

1086
00:58:49,800 --> 00:58:51,640
Speaker 2: could just like go disappear and ride out the rest

1087
00:58:51,640 --> 00:58:53,800
Speaker 2: of my life on the beach. But I got kids,

1088
00:58:53,960 --> 00:58:56,520
Speaker 2: and I got grandkids, and like we need a legacy,

1089
00:58:56,640 --> 00:58:58,560
Speaker 2: Like I mean, this is bigger than just us in

1090
00:58:58,600 --> 00:59:00,800
Speaker 2: our short lifetime that we have, back.

1091
00:59:00,640 --> 00:59:01,880
Speaker 1: To the medici's or whatever.

1092
00:59:01,960 --> 00:59:04,680
Speaker 2: These leaders that build for future energy generations and so

1093
00:59:05,360 --> 00:59:06,680
Speaker 2: be a part of it. Be a part of something

1094
00:59:06,720 --> 00:59:08,959
Speaker 2: bigger than yourself and that lasts much longer.

1095
00:59:09,000 --> 00:59:12,360
Speaker 5: Hopefully I agree, do it? Adopt El Salvador.

1096
00:59:13,560 --> 00:59:15,919
Speaker 1: Adopt El Salvador. All right, we'll go ahead and sign

1097
00:59:15,960 --> 00:59:16,240
Speaker 1: it off.

1098
00:59:17,120 --> 00:59:20,680
Speaker 2: We'll put the link to that adopting bitcoin the passport

1099
00:59:20,720 --> 00:59:22,440
Speaker 2: down in the link below, and with that will signed off.

1100
00:59:22,440 --> 00:59:23,600
Speaker 1: Thanks much, guys, Thanks