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Speaker 1: I think the reason bitcoin is down right now is

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Speaker 1: because it's being attached. Gold is selling off, equities are

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Speaker 1: selling off, so we're selling off. We've got a quantitative

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Speaker 1: using bonanza going on. This is ridiculous.

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Speaker 2: The real driver is liquidity. The liquidity is coming back

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Speaker 2: in a massive way.

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Speaker 1: The first half of twenty twenty six. I think we're

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Speaker 1: going to have a massive line.

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Speaker 2: Not just bullish on stocks or bitcoin or so we're

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Speaker 2: but all of it together.

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Speaker 1: Trump or Power or whoever. They're just a little cogs

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Speaker 1: in the machine that are going to be here and

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Speaker 1: they're going to be gone. The only thing that breaks

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Speaker 1: this whole cycle is a whole new monetary system.

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Speaker 2: I gotta I gotta rewind a second here, because you

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Speaker 2: just said something pretty outrageous.

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Speaker 1: I'm not going to argue with you about that.

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Speaker 2: Because the headlines are expecting a market crash in twenty

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Speaker 2: twenty six. We have an AI bubble, we have rising unemployment,

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Speaker 2: record levels of debt, geopolitical chaos, all of that. But

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Speaker 2: what if they're all looking at it the wrong way?

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Speaker 2: What if the real risk isn't a crash down, but

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Speaker 2: instead it's a up, a melt up that blind sides everyone. Now,

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Speaker 2: today I'm sitting down with Mel Mattson. He's one of

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Speaker 2: the very few analysts that are calling for this massive

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Speaker 2: bull cycle when everyone else seems to be predicting doom.

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Speaker 2: We're going to break down why sentiment is so bearish

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Speaker 2: while the data is actually turning bullish. We're going to

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Speaker 2: look at what liquidity and policy are signaling, what the

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Speaker 2: Fed is actually doing behind the curtain, and why bitcoin, gold,

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Speaker 2: and even bonds could all move higher together more than

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Speaker 2: anybody expects. Now, most importantly, why all of this matters

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Speaker 2: for your money right now and what you should be

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Speaker 2: doing over the next twenty four months. All right, this

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Speaker 2: is going to be a good one. Let's get right

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Speaker 2: into it. Let's just start it off mail. Let's you know,

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Speaker 2: if we start at the top and look at the

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Speaker 2: big picture. Right now, everywhere I look, I see headlines

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Speaker 2: talking about AI bubbles. You know, market sentiment is terrible,

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Speaker 2: credit unemployments rising and so crashes, recessions, bubbles popping all over.

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Speaker 2: But you've been calling for one of the strongest bullmarts

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Speaker 2: of our lifetime. Now, before we get into the details

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Speaker 2: of that, what's the disconnect. Why is the world so

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Speaker 2: terrified while you seem to be more bullish.

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Speaker 1: Honestly, there's a lot of people that work in finance

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Speaker 1: and everything else, and I mean, I wish I could

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Speaker 1: give a better, more sophisticated answer, but a lot of them, hey,

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Speaker 1: Donald Trump. So their immediate, like a visceral reaction to

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Speaker 1: markets is that there's going to be problems, so we

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Speaker 1: need to predict problems. But then you start and you

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Speaker 1: listen and you look at what, for example, J. Paul

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Speaker 1: said yesterday, which is including forty billion dollars a month

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Speaker 1: boom of buying treasuries. And I put out a tweet

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Speaker 1: today it was basically a little circular thing like here's

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Speaker 1: what they're doing. Okay, you got Bessin doing treasury buybacks.

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Speaker 1: So they say it's not que because they're not buying

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Speaker 1: the long end. But if Treasury buy back ten year

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Speaker 1: notes and then to fund that shortfall, he issues bills,

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Speaker 1: and then the Federal Reserve buys bills. It's a big circle.

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Speaker 1: And so we're back in QB and this is the

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Speaker 1: expansion of the balance sheet, and this is still going

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Speaker 1: to go on, and it's going to go on for

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Speaker 1: a long time, and in fact, the Federal Reserve balance

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Speaker 1: sheet is like just a tiny little fraction. And what

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Speaker 1: I like to do is look at the Federal Reserve

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Speaker 1: balance sheet as a percentage of total treasury is outstanding,

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Speaker 1: and it's like, you know, there's thirty eight trillion dollars

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Speaker 1: of treasures outstanding that the FED is like six trillion.

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Speaker 1: It's a small amount. The FED is going to continue

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Speaker 1: to expand this overtime. Powell started it off, He's probably gonna,

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Speaker 1: you know, tamp it down, and he's on his way out,

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Speaker 1: and the next guy in is just going to increase it.

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Speaker 1: And we've got we've got a quantitative using like bonanza

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Speaker 1: going on. And people are like, literally, yesterday I was

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Speaker 1: watching the markets. I'm like, oh my god, gold is

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Speaker 1: selling off, equities are selling off, silver selling off, and

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Speaker 1: I started buying gold equities in silver, and by the

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Speaker 1: end of the day they were up like two three percent.

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Speaker 1: I mean, this is ridiculous. Yeah, ridiculous.

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Speaker 2: I think you know, we agree on this. But if

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Speaker 2: I'm going to summarize what you're saying is people are obsessing.

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Speaker 3: Over a quarter point FED move or is inflation two

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Speaker 3: point two or two point three, and they're like, as

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Speaker 3: if that quarter point or that inflation number actually matters

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Speaker 3: when the.

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Speaker 2: Real driver is liquidity, and the equidity is coming back

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Speaker 2: in a massive way. That's what you're saying, a massive way.

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Speaker 1: And this is what was driving bitcoin down in the

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Speaker 1: last few months. I follow what they put out every

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Speaker 1: month is called monthly Treasury Statements. In September it was

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Speaker 1: there was one hundred and almost two hundred billion dollar

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Speaker 1: federal government surplus, meaning the government took in more tax

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Speaker 1: revenues than they spent by like two hundred billion dollars.

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Speaker 1: Then you go to October and it reversed. And now

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Speaker 1: you take a look at like where are we at

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Speaker 1: right now, and what you'll see is like, okay, liquidity

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Speaker 1: is returning. And even if you look at like I've

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Speaker 1: listened to these guys like Steve Lisman on CNBC or

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Speaker 1: Lisa Brahmowitz on Bloomberg, they they're completely clueless. They have

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Speaker 1: no idea what's going on. They they're talking and they're

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Speaker 1: acting like they know what they're going on. They do not. Okay,

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Speaker 1: if you go in there, you can listen completely clearly,

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Speaker 1: no doubt about it. The Federal Reserve is saying that

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Speaker 1: in the last few months, the REPO and this is

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Speaker 1: the repurchase agreement market got too tight. It got too tight.

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Speaker 1: It stressed the banking system. It stresses so much that

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Speaker 1: they do not want to risk it at all. And

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Speaker 1: so they brought forward their bill purchases two three months forward.

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Speaker 1: Because the market was pricing in bill purchases to begin

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Speaker 1: in like March or April, they brought them forward and

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Speaker 1: then increased the amount. The amount was supposed to be

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Speaker 1: twenty five billion a day, so they brought it forward,

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Speaker 1: made it forty billion. They're going to start buying forty billion.

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Speaker 1: Now let me just put this ink into context. This

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Speaker 1: is forty billion a month for the next five months.

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Speaker 1: It's two hundred billion. That's over a quarter of the

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Speaker 1: entire treasury market that China owns. So if people can

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Speaker 1: remember a few months ago, everybody's slipping out, China is

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Speaker 1: going to sell treasuries. Well, guess what, the FED is

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Speaker 1: going to buy more treasuries in the next four months

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Speaker 1: than basically thirty percent of what China owns. And if

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Speaker 1: the Fed ever wanted to, they could buy the entire

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Speaker 1: amount of it of what China owns. So this is

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Speaker 1: my point that I've made this point repeatedly throughout the years,

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Speaker 1: whenever bond yields get high. Is what I say is like,

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Speaker 1: don't worry about what like China's gonna do or anything

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Speaker 1: like that. The Fed can eat it all up easily,

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Speaker 1: and they're going to do this now, and they're gonna

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Speaker 1: keep doing it, and it's just gonna keep going on.

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Speaker 2: I think about Stanley drucken Miller, and the story is

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Speaker 2: like when he first started his career, he's all fired

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Speaker 2: up and he started his first fund and his boss said,

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Speaker 2: you know, bring me your thesis or whatever, and he

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Speaker 2: like looked at it and he's like, this is garbage.

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Speaker 2: Throw it away, and standy Drucker Bulther's like, what what

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Speaker 2: do you mean? And he's like, go away, and when

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Speaker 2: you figure out what really drives markets, come back to me.

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Speaker 2: I don't know if you know the story, but so

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Speaker 2: Stanley Drugumeler like was defeated and he left. He and

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Speaker 2: he did all this research to figure out what his

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Speaker 2: boss was saying, and what he realized is liquidity. And

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Speaker 2: he came back and he built his entire career looking

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Speaker 2: at funflows, right, And so I kind of think about

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Speaker 2: that obviously. Stanley drunuen Miller is the goat, right, the

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Speaker 2: probably the greatest of all time, and so he understood

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Speaker 2: this liquidity. But I but it seems like, you know,

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Speaker 2: you mentioned all these people on CNN and Bloomberg and

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Speaker 2: they're so focused on the economy and you know what

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Speaker 2: is the inflation two point three or the unemployment rate?

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Speaker 2: But what the FED is doing is not based off

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Speaker 2: of the economy. The FED is doing to save the

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Speaker 2: plumbing of the banking system, which is a much bigger deal.

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Speaker 2: And so I think you're saying, like, look at the

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Speaker 2: bigger picture instead of the small micro details. But the

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Speaker 2: problem is is the timeframe, right, So if you're looking

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Speaker 2: at liquidy, those move over bigger cycles where people maybe

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Speaker 2: get too stuck looking at the short.

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Speaker 1: Term, Well, I mean, I think we could get into

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Speaker 1: a lot of specifics about the short term. We could

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Speaker 1: also get into the number of specifics about the long

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Speaker 1: term structure of central banks around the world. Right, So,

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Speaker 1: if you want to go back and you want to say, okay,

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Speaker 1: in nineteen thirteen, and it's happened on I believe it

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Speaker 1: was December twenty fourth, nineteen thirteen, when they kind of

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Speaker 1: snuck through the Federal Reserve Act through Congress. We could

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Speaker 1: talk about and we could talk about how it's set up.

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Speaker 1: And I think this is very important. It's not the

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Speaker 1: Federal Reserve, it's the Federal Reserve system. And by system,

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Speaker 1: what that means is it's twelve reserve banks. These are

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Speaker 1: banks in Richmond, the Cleveland FED, the Saint Louis FED,

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Speaker 1: the San Francisco FED. Like, there's this massive banking cartel

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Speaker 1: behind all of this, and then you have to ask

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Speaker 1: who owns it? Okay, who controls it? Well, guess what,

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Speaker 1: who owns these reserve banks. It's not the federal government,

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Speaker 1: it's not the tax bank. These banks are owned, there

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Speaker 1: are shares, and I have researched all of this. It's

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Speaker 1: city group, it's JP Morgan. That's who owns these federal

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Speaker 1: reserve banks. Because all of the Federal Reserve system, all

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Speaker 1: these twelve reserve regional banks, they're actually owned by what

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Speaker 1: they call member banks. Member banks own this. And then

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Speaker 1: what you have in Washington is what's called an FMC

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Speaker 1: a Federal Market Committee. Yes, but it's the board of governors,

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Speaker 1: and the board of governors are Washington appointed. Yes, But

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Speaker 1: if you look at bank presidents like Austin Gouldsby or

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Speaker 1: these guys. These guys are bank presidents. How do they

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Speaker 1: get appointed? They get appointed by recommendations by the Board

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Speaker 1: of Governors of the regional banks. Who owns the regional banks?

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Speaker 1: JP Morgan and City Group. So basically, when you look

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Speaker 1: at guys like Austin Gouldsby, who dissented in this recent meeting,

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Speaker 1: and he used to be an Obama guy. But I'm

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Speaker 1: not trying to get into politics. But if you say, okay,

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Speaker 1: who is Austin Gouldsby, Okay, he's the guy who's the

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Speaker 1: president of the Chicago Fed. How did he become the

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Speaker 1: president of Chicago Fed? He got appointed by the board.

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Speaker 1: Who are these board members? I can tell you who

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Speaker 1: these board members are. They're guys like Arvin Krishna, the

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Speaker 1: CEO of IBM. Like this is who is appointing these

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Speaker 1: people to do this? Like if there's any way that

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Speaker 1: people are saying, oh, well, the government is like some

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Speaker 1: independent and I was listening to Elizabeth Warren this morning

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Speaker 1: on squawk Box and it's like absolutely ridiculous. These people

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Speaker 1: have no idea how the Federal reserve actually works. It's

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Speaker 1: the Federal Reserve system for a reason. Is completely corrupt.

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Speaker 1: It was set up in nineteen thirteen on Jacko Island

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Speaker 1: by like financiers from JP Morgan, and it just continues

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Speaker 1: to basically put forward the basically the great auspices of

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Speaker 1: commercial banks such as City or JPM Morgan who actually

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Speaker 1: own these banks.

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Speaker 2: You said earlier though that the FED balance sheet is

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Speaker 2: only about six trillion compared to the thirty eight trillion

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Speaker 2: in securities, and so you know, with the deficit being

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Speaker 2: you know, close to two million per year, and get

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Speaker 2: into maybe this period, I don't know if you agree

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Speaker 2: with this period of fiscal dominance where it's like the

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Speaker 2: FED sort of with their monetary policy has maybe lost

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Speaker 2: a lot of influence, if not all control, and the

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Speaker 2: government sort of now has been able to sort of

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Speaker 2: take that over with the treasury spending, which maybe is

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Speaker 2: part of the reason why we just saw the largest

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Speaker 2: or the longest government shut down in history, which really

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Speaker 2: seemed to suck the liquidity out of the system and

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Speaker 2: also probably caused bitcoin sort of a you know, short

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Speaker 2: term crash, but in that type of a system, to

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Speaker 2: your point, if the FED is independent, right, the government

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Speaker 2: does not control it, but can the government override it?

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Speaker 2: With their own fiscal you know, monetary policy.

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Speaker 1: Now the government can't override it. It's all it's all controlled.

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Speaker 1: It's a corporate it's the corporate. You know, monopoly is

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Speaker 1: in effect. There's no way that Okay, whether it's funding

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Speaker 1: political campaigns, and we're getting ready to head into the

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Speaker 1: twenty twenty six elections where whether it's presidential campaigns, there's

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Speaker 1: also even and I know this probably hurts some people,

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Speaker 1: guess what even Trump painting in control? Like Trump's going

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Speaker 1: to be gone all right in like twenty four months.

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Speaker 1: He's going to be a nothing burger. Like all of

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Speaker 1: this is where in the world keeps going down the

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Speaker 1: same path that his continue to go down and will

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Speaker 1: continue to go down, which is essentially a control path

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Speaker 1: by the big banks, the big money, the Rothschilds, you know,

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Speaker 1: these types of groups continue to just manipulate things. I mean,

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Speaker 1: it's absolutely ridiculous when you look back and you're like

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Speaker 1: going back to the Napoleonic Wars and you're like, okay,

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Speaker 1: what was happening with the Rothschilds And they're like, okay,

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Speaker 1: here's what the Rothschilds were doing. They were literally going

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Speaker 1: to London starting rumors that the French won the war.

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Speaker 1: When the actuality England won, then they were shorting English

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Speaker 1: bonds because they knew that. Actually you know, excuse me,

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Speaker 1: they were shorting French bonds but even though they knew

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Speaker 1: that England won. And they're just manipulating it all. And

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Speaker 1: this is the same thing that these people have been

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Speaker 1: doing for decades, hundreds of years. The only thing that

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Speaker 1: breaks this whole cycle is a whole new monetary system.

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Speaker 1: And I do think Mark, this is where you get

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Speaker 1: into Bakecolin.

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Speaker 2: We're going to get into that. But I gotta rewind

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Speaker 2: a second here, because you just said something pretty outrageous.

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Speaker 2: You said that in twenty four months Trump will be gone,

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Speaker 2: or you said he'll be a nothing burger. It looks

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Speaker 2: like as of right now, he's getting ready to elect

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Speaker 2: the next Ford Fed chair. He's going to get rid

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Speaker 2: of Powell and put in a Dove somebody. He's been

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Speaker 2: very vocal he wants rates at one percent. He tends

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Speaker 2: to get what he wants. I could see rates getting

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Speaker 2: there by the end of his term in three years,

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Speaker 2: but you're saying in twenty four months. We're also seeing

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Speaker 2: now he's trying to sort of maybe veto or roll

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Speaker 2: back all of Biden's auto pen signatures, including a lot

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Speaker 2: of the nominations for the FED.

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Speaker 1: Good luck. We'll see if he does that. Mark don't.

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Speaker 2: But what do you mean when you say he'll basically

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Speaker 2: be gone or be a nothing burger in twenty four months,

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Speaker 2: you've heard me talking about investing in layers and things

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Speaker 2: like the reason you have to work so hard is

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Speaker 2: because your money doesn't well. I want to invite you

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Speaker 2: to a special event. I'm having a three day live

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Speaker 2: event called the Wealth Operating System.

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Speaker 1: It's an accelerator event.

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Speaker 2: We're going to teach you all the tools that the

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Speaker 2: one percent use to have their money work harder than

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Speaker 2: they do. Get in their money to do one job,

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Speaker 2: two jobs, three, five jobs at once so it can

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Speaker 2: work faster and harder than you. Over three days, we're

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Speaker 2: gonna go deep. I'm gonna bring in guest speakers. It's

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Speaker 2: workshop style. I got about fifteen tools and we're gonna

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Speaker 2: go through a methodical process so you can learn how

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Speaker 2: to reclaim ten to fifteen hours of your time back

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Speaker 2: per week, how to keep more of your money, how

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Speaker 2: to invest it and multiply it faster than you've ever

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Speaker 2: imagined by the individual, have a ninety day plan of

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Speaker 2: exactly what you need to do to go make twenty

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Speaker 2: twenty six the best year you've ever imagined. It's all

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Speaker 2: going to be live, It's all going to be virtual.

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Speaker 2: There's a link down below if you want to come

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Speaker 2: check out. I'll put a QR code up on the screen.

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Speaker 2: If you want to get your money working harder than

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Speaker 2: need to grow your wealth faster than you've ever imagined,

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Speaker 2: like the one percent, check out the Wealth Operating System

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Speaker 2: Accelerator event.

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Speaker 1: Check out the link down below. I think that we

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Speaker 1: live in a systematic like a machine, and that even

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Speaker 1: someone as dominant as Trump is really not able to

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Speaker 1: affect the trajectory of that machine.

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Speaker 2: Okay, and what is the trajectory of this machine up

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Speaker 2: into the right, It's.

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Speaker 1: A continually trajectory of consolidation, wealth and power in the

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Speaker 1: control of the elites. And I think that the only

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Speaker 1: way that people are going to start to break free

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Speaker 1: from it is literally with a new monetary system. And

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Speaker 1: I think the only new monetary system in the last

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Speaker 1: four thousand years is vague point. I do think it's

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Speaker 1: being threatened right now, and I do think it's being attacked.

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Speaker 1: I think the reason bitcoin is down right now is

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Speaker 1: because it's being attacked. And I think that this is

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Speaker 1: the key. Like monetary systems are the key, they have

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Speaker 1: always been the key. They are being attacked. And then

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Speaker 1: even if you look at someone like a Trump or

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Speaker 1: a Power or whoever they are, they're just little cogs

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Speaker 1: in the machine that are going to be here and

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Speaker 1: they're going to be gone. What you want to look

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Speaker 1: at is a dollar, gold, silver, and bitcoin. Those are

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Speaker 1: your four key players. And you want to see where

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Speaker 1: are all those going, and you want to be positioned accordingly,

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Speaker 1: and in my opinion, and what I do is I

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Speaker 1: want to own all four gold, silver, not the dollar,

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Speaker 1: but bitcoin, and those are the three key things. And

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Speaker 1: when I say dollar, what I mean by owning that

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Speaker 1: is I do own assets that are related to the dollars,

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Speaker 1: just stocks and different ets and things like I basically

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Speaker 1: believe in like a third or third or third have

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Speaker 1: a third gold, a third big a third precious metals,

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Speaker 1: a third Bitcoin, and then a third equit dollar denominated.

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Speaker 1: Those are That's that's the way I do.

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Speaker 2: Now, you talked about, you know, bitcoins being under attack.

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Speaker 2: You believe that that's why we see the sort of

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Speaker 2: price being depressed right now. Maybe it was just liquidity

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Speaker 2: bubble because of the government shut down whatever. But you've

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Speaker 2: also been quite a bit the last couple of weeks,

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Speaker 2: maybe month, talking about the everything everywhere all at once rally,

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Speaker 2: so not just bullish on stocks or bullish on bitcoin

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Speaker 2: or so, but all of it together, where all these

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Speaker 2: assets sort of melt up together. So I've been hearing

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Speaker 2: you talk about that. But now you're just saying, right

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Speaker 2: now you think bitcoin's under attack. So does that mean

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Speaker 2: that bitcoin is not going to really care about the

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Speaker 2: attacks and it's just all going to melt up with everything.

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Speaker 1: Well, I've been wrong about bitcoin, mark, So in the

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Speaker 1: short term, i'm in the short term. In the short term,

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Speaker 1: in the long term, I've been absolutely right. In the

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Speaker 1: short term. I literally looked about a month or two

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Speaker 1: ago at the down play in bitcoin, and I thought,

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Speaker 1: maybe we get to ninety eight and then it's gonna,

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Speaker 1: you know, skyrocket up. And I came to believe that

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Speaker 1: there are there is a concerted effort. And this is

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Speaker 1: post October tenth, and I think October tenth as a

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Speaker 1: key dight when you literally had that I mean greater

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Speaker 1: than an FCX, like basically takeout of crypto. And even

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Speaker 1: though bitcoin is completely different than crypto, I completely get

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Speaker 1: that there's an association of bitcoin with crypto. Bitcoin got

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Speaker 1: taken down, Crypto got taken down, and it it's significant

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Speaker 1: and we're still king it off. And I mean, you know,

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Speaker 1: Tom Lee talks about like the FCX thing. He says

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Speaker 1: it took eight weeks and that we're close to eight

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Speaker 1: weeks and we're going to be done and the bitcoin

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Speaker 1: is going to be a new highs by the end

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Speaker 1: of January. God help me. I hope Tom Lee is

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Speaker 1: right that we're back at new highs on bitcoin at

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Speaker 1: the end of January. I think it could take a

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Speaker 1: little bit more time, but I do think we're getting there.

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Speaker 1: I just think that this this is the attack. This

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Speaker 1: is the vertical, this is the that's the consolidation army. Yeah,

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Speaker 1: the army's coming in and they're saying, you know what,

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Speaker 1: we don't want this. You talk about this a little

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Speaker 1: bit about this is a new financial system, This is

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Speaker 1: a new form of collateral, this is a new this

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Speaker 1: is independent, this is permissionless. This doesn't you don't need

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Speaker 1: to trust anybody that scares the shit out of Jamie

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Speaker 1: Diamond and JP Moore. Yeah right, they don't want that

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Speaker 1: to happen. So when they see a moment of weakness,

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Speaker 1: they're going to come in hard. And I think that

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Speaker 1: they came in hard after over tenth and they're keeping

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Speaker 1: trying to knock it down. But I don't think they're

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Speaker 1: going to be successful.

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Speaker 2: I think it's what you said earlier. I said, I

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Speaker 2: asked you, like, what is that long term playbook? And

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Speaker 2: you said, it's about concentration. And so when you look

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Speaker 2: back through all the crashes that we've had, it continues

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Speaker 2: to consolidate the assets and the power. Right. So two

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Speaker 2: thousand and eight, you know, majority of Americans lost their

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Speaker 2: homes and the banks bought them all back up, right,

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Speaker 2: And so it's like you crush it down, you consolidate

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Speaker 2: the power, and then you sort of like let it

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Speaker 2: go back up again. And so when you look at

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Speaker 2: these events like you're talking about, I don't know if

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Speaker 2: it's so much to destroy it as in like, hey,

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Speaker 2: let's concentrate some of the power. That may be how

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Speaker 2: I'm looking at it. But because I would say to

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Speaker 2: your to the point, we did talk about this earlier

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Speaker 2: before we started recording, But on October tenth, which is

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Speaker 2: when bickcoin has you know, fell from its high, is

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Speaker 2: when JP Morgan started attack on Micro's strategy by raising

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Speaker 2: the margin requirements. But it also was at the exact

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Speaker 2: same time that Trump put out the tweet about whatever

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Speaker 2: a hundred on tariffs on China, which caused the markets

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Speaker 2: to crash. And because because the bitcoin volatility has really

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Speaker 2: gone down and crypto in general since the ETS came out,

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Speaker 2: we've seen massive leverage get built up in the system

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Speaker 2: because the djns they want to get that, they want

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Speaker 2: to get those returns, They built up all this leverage.

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Speaker 2: And then all it takes is, you know, this dry

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Speaker 2: kindling takes a little spark, It takes a Trump tweet

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Speaker 2: with a little bit of fud in the news from

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Speaker 2: JP Morgan, and then you know, as you mentioned Tom Lee,

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Speaker 2: he's talked about this, it just triggered just a just

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Speaker 2: a non stop liquidation of all these shorts. And then

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Speaker 2: you know, exchanges had the a d L and started

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Speaker 2: clearing those transactions and it started cascading down. And then

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Speaker 2: it was happening in this rich environment where you had

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Speaker 2: this liquidity bubble because the FED was still in QT,

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Speaker 2: the government was shut down, they weren't spending, and then

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Speaker 2: it just kind of got away from itself. And maybe

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Speaker 2: it was like the kindling the brush was the brush

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Speaker 2: was dry, and it just took a couple like a

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Speaker 2: little bit of news from JP Morgan in a Trump tweet,

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Speaker 2: and then it just kind of came down and then

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Speaker 2: and then and.

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Speaker 1: Then and then and then.

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Speaker 2: The reason I'd say that, and I'll finish with this,

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Speaker 2: why it's a concentration is because then uh, all of

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Speaker 2: the banks, i mean from Blackrock all the way down

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Speaker 2: to JP Morgan, all the way down to p n

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Speaker 2: C Bank just announced it a couple of days ago.

432
00:23:17,240 --> 00:23:20,920
Speaker 2: They're all launching bitcoin products. And so it's like Blackrock

433
00:23:20,960 --> 00:23:23,200
Speaker 2: doesn't want bitcoin to go away. They're making more money

434
00:23:23,200 --> 00:23:25,359
Speaker 2: than they've ever made on their ETF. They want people

435
00:23:25,359 --> 00:23:27,680
Speaker 2: to buy the ETF, but they wanted to go down mark.

436
00:23:27,760 --> 00:23:30,960
Speaker 2: They're they're driving it down, well maybe short short short,

437
00:23:31,040 --> 00:23:34,800
Speaker 2: short term, short term to consolidate the power, right or

438
00:23:34,840 --> 00:23:36,840
Speaker 2: you're thinking long term, they want to go down. Blackrock

439
00:23:36,880 --> 00:23:37,240
Speaker 2: wants to know.

440
00:23:37,400 --> 00:23:39,400
Speaker 1: I think they're driving it down short term and they

441
00:23:39,440 --> 00:23:42,000
Speaker 1: want to buy the shit out of it right to concentrate.

442
00:23:42,000 --> 00:23:45,320
Speaker 1: The people are going to come in, Institutional investors are going

443
00:23:45,400 --> 00:23:48,080
Speaker 1: to come in. I think it might be at the

444
00:23:48,160 --> 00:23:51,320
Speaker 1: high seventies. I don't know. I don't know when it's

445
00:23:51,359 --> 00:23:54,760
Speaker 1: going to happen. But I said this on a on

446
00:23:54,880 --> 00:23:58,639
Speaker 1: a different UH broadcast I did, which is basically saying

447
00:23:58,720 --> 00:24:01,280
Speaker 1: like I think they still wanted to go lower, but

448
00:24:01,359 --> 00:24:03,960
Speaker 1: they want to buy the hell out of it. Every

449
00:24:04,000 --> 00:24:07,280
Speaker 1: single institutional person I listen to, either personally in like

450
00:24:07,320 --> 00:24:12,080
Speaker 1: a private life, or like things I hear on TV

451
00:24:12,680 --> 00:24:15,800
Speaker 1: or different things, I think they all want to get

452
00:24:15,800 --> 00:24:17,720
Speaker 1: into a bitcoin. And if you look at like what

453
00:24:17,840 --> 00:24:20,680
Speaker 1: JP Morgan is doing, you look at like like they

454
00:24:20,760 --> 00:24:24,560
Speaker 1: just keep releasing products. Man, They're just trying to appropriate it.

455
00:24:24,760 --> 00:24:28,639
Speaker 1: That's all it is. This is a This is I

456
00:24:28,760 --> 00:24:34,479
Speaker 1: have traded for probably thirty years, and one thing I

457
00:24:34,520 --> 00:24:37,160
Speaker 1: can tell you I see every single time, especially when

458
00:24:37,160 --> 00:24:39,800
Speaker 1: I trade in very short term, is like I'll look

459
00:24:39,840 --> 00:24:41,879
Speaker 1: at a short term trade, it might be like a

460
00:24:42,080 --> 00:24:47,040
Speaker 1: fifteen minute like moving average chart. Right before the biggest upswing,

461
00:24:47,800 --> 00:24:51,639
Speaker 1: there's just like a drop, like a swoosh, like they

462
00:24:51,680 --> 00:24:55,040
Speaker 1: just take it down. They take it down. Why it's

463
00:24:55,080 --> 00:24:56,040
Speaker 1: called stop hunting.

464
00:24:56,400 --> 00:24:57,040
Speaker 2: They hunt them.

465
00:24:57,320 --> 00:25:00,320
Speaker 1: They want to close out the stops. They're closing out

466
00:25:00,359 --> 00:25:03,800
Speaker 1: the stops on bitcoin right now. I mean, it's going

467
00:25:03,880 --> 00:25:07,000
Speaker 1: to go up big time. And you know what they're doing,

468
00:25:07,040 --> 00:25:10,360
Speaker 1: They're closing out the stops. They're stop hunting. And that's

469
00:25:10,359 --> 00:25:13,399
Speaker 1: why I'm trying not to be like overly optimistic, because

470
00:25:13,400 --> 00:25:15,840
Speaker 1: I was completely wrong. I said, oh, we might get

471
00:25:15,920 --> 00:25:17,960
Speaker 1: down to the nineties and then we're going to go

472
00:25:18,040 --> 00:25:22,000
Speaker 1: back to one fifty by February. But I'm trying to

473
00:25:23,040 --> 00:25:25,800
Speaker 1: keep it clear. But I honestly think they're bringing bitcoin

474
00:25:25,920 --> 00:25:28,520
Speaker 1: down because they're going to bring it up. And what

475
00:25:28,520 --> 00:25:31,720
Speaker 1: they're doing is they're stop hunting, they're closing out the stops.

476
00:25:32,119 --> 00:25:35,719
Speaker 1: Everything's getting closed out. They're coming in, they're swooping it up,

477
00:25:35,720 --> 00:25:37,760
Speaker 1: they're buying it, and then they're going to take it

478
00:25:37,800 --> 00:25:39,840
Speaker 1: up to one fifty one sixty in the next three

479
00:25:39,880 --> 00:25:42,399
Speaker 1: four months. If you look at the new bitcoin product

480
00:25:42,400 --> 00:25:44,879
Speaker 1: that JP Morgan launched, I think it sort of tells

481
00:25:44,960 --> 00:25:48,800
Speaker 1: us that because the structured product they have basically says

482
00:25:48,840 --> 00:25:50,520
Speaker 1: they're only going to pay you one point five percent

483
00:25:50,560 --> 00:25:52,760
Speaker 1: on the upside, so they wanted to go up more

484
00:25:52,760 --> 00:25:55,199
Speaker 1: than that. So they can siphon off the arbitrage on that,

485
00:25:55,400 --> 00:25:59,200
Speaker 1: but also they'll cover any losses down to thirty percent,

486
00:25:59,640 --> 00:26:01,879
Speaker 1: So that must mean they don't want it to go

487
00:26:01,960 --> 00:26:04,199
Speaker 1: down because then they have to eat the loss. They

488
00:26:04,280 --> 00:26:06,080
Speaker 1: wanted to go up more than one point five percent,

489
00:26:06,119 --> 00:26:06,440
Speaker 1: so they.

490
00:26:06,320 --> 00:26:09,040
Speaker 2: Can make the difference, and that sort of tells us where,

491
00:26:09,560 --> 00:26:11,840
Speaker 2: if they have control, where they would want it to.

492
00:26:11,760 --> 00:26:14,040
Speaker 1: Go, are doing it. I saw a video you did

493
00:26:14,080 --> 00:26:16,440
Speaker 1: the other day about how Jpmortgan is trying to take

494
00:26:16,480 --> 00:26:19,200
Speaker 1: away some of the advantage that Strategy and Sailor put

495
00:26:19,240 --> 00:26:22,600
Speaker 1: into place. I mean, that's the game they're playing. That's it.

496
00:26:23,000 --> 00:26:26,600
Speaker 1: They're seeing this. This is so obvious. Like anybody that

497
00:26:26,680 --> 00:26:29,199
Speaker 1: doesn't see it, I just don't know what to tell you.

498
00:26:29,280 --> 00:26:33,639
Speaker 1: But that's what they're doing, and they're doing it. It's happening.

499
00:26:34,480 --> 00:26:37,320
Speaker 1: This is a threat. This is a new monetary system.

500
00:26:37,640 --> 00:26:40,640
Speaker 1: But that does not mean in my opinion, because I'm

501
00:26:40,640 --> 00:26:43,240
Speaker 1: a gold guy, I also don't think that means like

502
00:26:43,359 --> 00:26:46,280
Speaker 1: the gold silver. I think what this means is that

503
00:26:46,320 --> 00:26:50,080
Speaker 1: this dour regime is over, and that the dollar regime

504
00:26:50,240 --> 00:26:53,600
Speaker 1: has been had its day's number for a long time. Yeah,

505
00:26:54,119 --> 00:26:56,640
Speaker 1: and that this is over and what's happening is we've

506
00:26:56,680 --> 00:27:02,520
Speaker 1: got a gold, a silver, a bigcoin. We're going into

507
00:27:02,560 --> 00:27:06,400
Speaker 1: it a regime. I have said so. I had never

508
00:27:06,440 --> 00:27:09,080
Speaker 1: been on social media my entire life until a year

509
00:27:09,200 --> 00:27:11,600
Speaker 1: or two ago when I wrote a book. It's called Quause,

510
00:27:12,040 --> 00:27:15,600
Speaker 1: Qoz Financial Thriller. I wrote that book a couple of

511
00:27:15,680 --> 00:27:18,560
Speaker 1: years ago. My publishers told me to create an X account.

512
00:27:18,920 --> 00:27:24,960
Speaker 1: Create an X account, Okay. I honestly believe that we

513
00:27:25,280 --> 00:27:28,800
Speaker 1: are at a point where and this was the basis

514
00:27:28,840 --> 00:27:32,040
Speaker 1: of Quause where I talked about in Quause, that we're

515
00:27:32,080 --> 00:27:34,680
Speaker 1: moving away from the dollar system. These people are trying

516
00:27:34,680 --> 00:27:37,840
Speaker 1: to move away from the dollar system because we have to,

517
00:27:38,480 --> 00:27:42,480
Speaker 1: because it's failing. This goes back to Breton Woods, which

518
00:27:42,560 --> 00:27:46,040
Speaker 1: was in July of nineteen forty four. I could start

519
00:27:46,080 --> 00:27:51,120
Speaker 1: to talk ad infinitum about Breton Woods, about John Mayner Kines,

520
00:27:51,720 --> 00:27:56,440
Speaker 1: about how Soviet agents were representing the United States at

521
00:27:56,480 --> 00:28:01,919
Speaker 1: Breton Woods under the Treasury Secretary of FDR in nineteen

522
00:28:01,960 --> 00:28:04,480
Speaker 1: forty four. I mean, we can go into all of this.

523
00:28:04,480 --> 00:28:08,280
Speaker 1: This is just a big rabbit hole of how the

524
00:28:08,359 --> 00:28:11,639
Speaker 1: world is messed up. And when you listen to people

525
00:28:11,680 --> 00:28:13,840
Speaker 1: like yourself, when you listen to people like Michael Sailor.

526
00:28:13,880 --> 00:28:16,119
Speaker 1: When you listen to people like me, you start to

527
00:28:16,200 --> 00:28:19,080
Speaker 1: understand this is all messed up world, and that part

528
00:28:19,160 --> 00:28:22,240
Speaker 1: of it is that there's a monetary base that's completely

529
00:28:22,280 --> 00:28:26,520
Speaker 1: messed up and controlled and manipulated, and escaping that monetary

530
00:28:26,560 --> 00:28:30,359
Speaker 1: base is a form of freedom and that's gold, silver

531
00:28:30,640 --> 00:28:31,200
Speaker 1: and bitcoin.

532
00:28:31,960 --> 00:28:33,760
Speaker 2: Yeah, And I think it's important just to kind of

533
00:28:34,520 --> 00:28:36,560
Speaker 2: point out the goldbugs have been calling for the death

534
00:28:36,560 --> 00:28:38,440
Speaker 2: of the dollar for a long time, and the death

535
00:28:38,480 --> 00:28:40,840
Speaker 2: threats have been greatly exaggerated, and I think it's just

536
00:28:40,840 --> 00:28:43,320
Speaker 2: important to understand it's a process, not an event.

537
00:28:43,600 --> 00:28:47,960
Speaker 1: Absolutely, And Peter Schiff is a jerk in my opinion,

538
00:28:48,160 --> 00:28:51,000
Speaker 1: and completely wrong. I mean, that guy is so wrong.

539
00:28:51,520 --> 00:28:55,040
Speaker 1: I mean he just goes out every day and says, oh,

540
00:28:55,200 --> 00:28:59,440
Speaker 1: bitcoin is nothing and it's a joke. Fact. Guy has

541
00:28:59,520 --> 00:29:02,440
Speaker 1: no idea what he's talking about. That guy is talking

542
00:29:02,520 --> 00:29:05,680
Speaker 1: his own book. It's so obvious, which is nothing that

543
00:29:05,720 --> 00:29:08,840
Speaker 1: I do. I have no book, I have no research firm,

544
00:29:09,160 --> 00:29:12,280
Speaker 1: I do not monetize anything. I just like to come

545
00:29:12,280 --> 00:29:14,480
Speaker 1: out and give my opinion. And I'll tell you Peter

546
00:29:14,520 --> 00:29:17,520
Speaker 1: Schiff loves to talk shift gold and Pacific Capital management

547
00:29:17,560 --> 00:29:19,160
Speaker 1: or wherever. The name of the hell his name is

548
00:29:19,280 --> 00:29:22,320
Speaker 1: firm Is, which I've been listening to for like fifteen years.

549
00:29:22,360 --> 00:29:27,400
Speaker 1: His whole bush story, which has been bullshing bitcoin and

550
00:29:27,440 --> 00:29:30,240
Speaker 1: it's all bullshit. I remember when bitcoin was like five

551
00:29:30,320 --> 00:29:32,959
Speaker 1: hundred bucks a coin, man, I mean, how can you

552
00:29:33,040 --> 00:29:35,560
Speaker 1: tell me that's not an amazing investment.

553
00:29:35,880 --> 00:29:38,760
Speaker 2: Every day we see headlines about inflation and dead and

554
00:29:38,840 --> 00:29:42,240
Speaker 2: diminishing control over our own money. That's why I always

555
00:29:42,240 --> 00:29:44,920
Speaker 2: come back to bitcoin because it's built for generations, it's

556
00:29:44,920 --> 00:29:48,520
Speaker 2: built for legacy. But protecting your bitcoin legacy the right way,

557
00:29:48,720 --> 00:29:52,160
Speaker 2: it's not always simple. It demands discipline, focus and the

558
00:29:52,240 --> 00:29:55,720
Speaker 2: right partner. Now, that's why I personally use Unchained Signature.

559
00:29:55,920 --> 00:29:59,640
Speaker 2: It's a premium private client service for serious Bitcoin holders

560
00:29:59,680 --> 00:30:02,640
Speaker 2: who want expert guidance, resilient custody, and.

561
00:30:02,560 --> 00:30:03,800
Speaker 1: An enduring partnership.

562
00:30:03,960 --> 00:30:07,400
Speaker 2: Now Signature, you're paired with your own dedicated account manager,

563
00:30:07,640 --> 00:30:11,160
Speaker 2: someone who understands your goals helps you every step of

564
00:30:11,200 --> 00:30:13,600
Speaker 2: the way. You're going to get white glove onboarding, same

565
00:30:13,640 --> 00:30:18,200
Speaker 2: day emergency support, personalized education, reduced trading fees, and priority

566
00:30:18,240 --> 00:30:22,840
Speaker 2: access to exclusive events and features. Unchained collaborative custody, model

567
00:30:23,040 --> 00:30:26,200
Speaker 2: is designed to provide the same security as the world's

568
00:30:26,200 --> 00:30:28,840
Speaker 2: biggest bitcoin custodians, but for those.

569
00:30:28,720 --> 00:30:30,880
Speaker 1: Who prefer to hold their own keys.

570
00:30:31,120 --> 00:30:34,200
Speaker 2: Now, I've been using and recommending unchained for years.

571
00:30:34,360 --> 00:30:36,520
Speaker 1: I even got my parents to set up with them.

572
00:30:36,600 --> 00:30:38,840
Speaker 2: So if you want to get set up, check out

573
00:30:38,920 --> 00:30:43,240
Speaker 2: unchained signature at unchained dot com, slash mark Moss and

574
00:30:43,640 --> 00:30:45,840
Speaker 2: as a loyal listener, I got a discount for you.

575
00:30:46,080 --> 00:30:48,960
Speaker 2: Just use code Moss ten at checkout to get ten

576
00:30:49,000 --> 00:30:52,160
Speaker 2: percent off your first year. Because your bitcoin isn't just

577
00:30:52,280 --> 00:30:55,640
Speaker 2: for life, it's for generations, so we know that. Like

578
00:30:55,640 --> 00:30:57,840
Speaker 2: when the dollar took up from the pound sterling, I

579
00:30:57,880 --> 00:30:59,920
Speaker 2: mean that was like a thirty or forty year process.

580
00:31:00,400 --> 00:31:02,280
Speaker 2: But the pound sterling is still around today and as

581
00:31:02,280 --> 00:31:03,800
Speaker 2: a matter of fact, I believe it's like the third

582
00:31:03,840 --> 00:31:06,280
Speaker 2: most used currency in the world in London, you know, Europe.

583
00:31:07,120 --> 00:31:09,480
Speaker 2: The kid doesn't even produce anything. So it's like these

584
00:31:09,480 --> 00:31:13,440
Speaker 2: things are really long processes. And what you're basically explaining

585
00:31:13,560 --> 00:31:18,160
Speaker 2: is that there's a new monetary regime that that's coming.

586
00:31:18,480 --> 00:31:20,280
Speaker 2: The world's trying to figure out what's next. We know

587
00:31:20,360 --> 00:31:23,440
Speaker 2: China and Russia of in dedollarizing since twenty thirteen, we

588
00:31:23,520 --> 00:31:25,000
Speaker 2: have the bricks trying to figure out what's next. So

589
00:31:25,040 --> 00:31:27,160
Speaker 2: everyone's trying to kind of figure out what's next, and

590
00:31:27,200 --> 00:31:30,680
Speaker 2: it looks like the two main dominant players, the US

591
00:31:30,760 --> 00:31:34,560
Speaker 2: and China, are sort of trying to drive that. And

592
00:31:34,680 --> 00:31:37,720
Speaker 2: China has been trying to go to a gold back system.

593
00:31:37,720 --> 00:31:40,200
Speaker 2: It appears, right, they've been buying more gold than anybody

594
00:31:40,200 --> 00:31:42,040
Speaker 2: in the world. They're buying more gold than they report

595
00:31:42,040 --> 00:31:44,560
Speaker 2: that they're buying. They surprise us to the upside all

596
00:31:44,600 --> 00:31:47,240
Speaker 2: the time on their reports, and then they of course

597
00:31:47,280 --> 00:31:50,920
Speaker 2: have that trading on the Shanghai Index, right, So it

598
00:31:50,960 --> 00:31:54,040
Speaker 2: looks like they're trying to go to gold, where the

599
00:31:54,120 --> 00:31:56,720
Speaker 2: US is like, well, maybe we'll start trying to use

600
00:31:56,760 --> 00:31:58,160
Speaker 2: like US dollar stable coins.

601
00:31:58,280 --> 00:32:00,920
Speaker 1: China is going to gold, China's then going to gold

602
00:32:01,000 --> 00:32:04,480
Speaker 1: for a long time. I mean this is like I mean,

603
00:32:04,560 --> 00:32:09,479
Speaker 1: I could go into this book, uh like Quause and

604
00:32:09,520 --> 00:32:14,240
Speaker 1: I talk about like literally like gold is the traditional

605
00:32:14,280 --> 00:32:17,280
Speaker 1: way to preserve wealth in India, Like India and China

606
00:32:17,600 --> 00:32:22,440
Speaker 1: have been owning massive amounts of gold for centuries like

607
00:32:22,440 --> 00:32:25,959
Speaker 1: like but here's the thing, this whole bricks thing is

608
00:32:26,200 --> 00:32:29,640
Speaker 1: a little bit of an over shoot. In my opinion.

609
00:32:29,720 --> 00:32:31,640
Speaker 1: So I think there's a lot of people that are

610
00:32:31,680 --> 00:32:35,800
Speaker 1: talking about like, oh, well, bricks is taking over. It's

611
00:32:35,840 --> 00:32:38,200
Speaker 1: not that simple, And I'm going to tell you why.

612
00:32:38,360 --> 00:32:41,120
Speaker 1: And this is the same reason why a lot of

613
00:32:41,120 --> 00:32:43,600
Speaker 1: people are like, oh, well, the US used to be,

614
00:32:43,880 --> 00:32:48,880
Speaker 1: you know, the main player, and all this gold fiat

615
00:32:49,160 --> 00:32:52,880
Speaker 1: all that is actually not that important. What's importance? What's

616
00:32:52,960 --> 00:32:56,840
Speaker 1: behind it? And you want to know why the US

617
00:32:57,000 --> 00:32:59,080
Speaker 1: isn't what it used to be. I can tell you why.

618
00:32:59,560 --> 00:33:02,160
Speaker 1: In nineteen forty five, after the end of World War Two,

619
00:33:02,640 --> 00:33:07,800
Speaker 1: the United States was fifty five percent of global GDP.

620
00:33:08,480 --> 00:33:12,040
Speaker 1: We used to produce everything. Therefore, we could do whatever

621
00:33:12,040 --> 00:33:15,240
Speaker 1: the hell we wanted because we basically were the dominant.

622
00:33:15,960 --> 00:33:18,880
Speaker 1: Right now, the United States is about twenty percent of

623
00:33:18,920 --> 00:33:22,880
Speaker 1: global GDP, which is still amazing because we're only about

624
00:33:22,920 --> 00:33:26,160
Speaker 1: four percent of global population. So we're about four percent

625
00:33:26,160 --> 00:33:29,840
Speaker 1: of global population twenty percent of GDP. But we used

626
00:33:29,880 --> 00:33:33,960
Speaker 1: to be over fifty percent of GDP. So why would

627
00:33:34,000 --> 00:33:38,960
Speaker 1: people have the same demand for dollars now in twenty

628
00:33:39,080 --> 00:33:44,440
Speaker 1: and twenty five as they had in nineteen one hundred

629
00:33:44,440 --> 00:33:47,760
Speaker 1: and forty five when we were forty five percent of GDP.

630
00:33:48,160 --> 00:33:51,360
Speaker 1: It would make no sense. It would make absolutely no sense.

631
00:33:51,880 --> 00:33:54,920
Speaker 1: Why would people say, oh, you know what, I value

632
00:33:54,960 --> 00:33:58,719
Speaker 1: the dollar right now the same as I did sixty

633
00:33:58,800 --> 00:34:02,200
Speaker 1: years ago. No, it makes no sense. Of course, they're

634
00:34:02,280 --> 00:34:04,640
Speaker 1: valuing the dollar at less than half of what they

635
00:34:04,680 --> 00:34:08,560
Speaker 1: did sixty years ago because USGDP is less than half

636
00:34:08,600 --> 00:34:10,960
Speaker 1: of what it used to be. So you have to

637
00:34:11,080 --> 00:34:14,240
Speaker 1: just look at what is what is this Fiat? Fiat

638
00:34:14,320 --> 00:34:16,719
Speaker 1: is doing this, Fiat is doing this nineteen seventy one,

639
00:34:16,800 --> 00:34:22,320
Speaker 1: all this crap? Okay, why why? Because the United States

640
00:34:22,480 --> 00:34:26,160
Speaker 1: no longer produces or creates what it used to produce

641
00:34:26,200 --> 00:34:31,720
Speaker 1: and create. Fifty years ago we dominated the world fifty

642
00:34:31,760 --> 00:34:36,240
Speaker 1: plus percent of world gd The reason why the dollars

643
00:34:36,239 --> 00:34:40,000
Speaker 1: were is not because nineteen seventy one happened and we

644
00:34:40,040 --> 00:34:42,440
Speaker 1: got off the gold standard. The reason the dollars were

645
00:34:42,520 --> 00:34:46,120
Speaker 1: shit is because we used to produce over half of

646
00:34:46,160 --> 00:34:49,680
Speaker 1: the world's global GDP and now we barely do twenty percent.

647
00:34:49,760 --> 00:34:52,560
Speaker 2: Well, maybe those two things are somewhat linked together.

648
00:34:52,480 --> 00:34:56,280
Speaker 1: Yeah, exactly, but you got to link them. You can't

649
00:34:56,360 --> 00:34:59,160
Speaker 1: just say it's all FIAT. And this is what I

650
00:34:59,239 --> 00:35:02,879
Speaker 1: do not like is there are some people that are like, oh, well,

651
00:35:03,040 --> 00:35:05,799
Speaker 1: we went off the gold standard? Well, why did we

652
00:35:05,840 --> 00:35:09,160
Speaker 1: go off the gold standard? Because we couldn't afford it anymore?

653
00:35:09,239 --> 00:35:09,439
Speaker 2: Right?

654
00:35:09,520 --> 00:35:12,880
Speaker 1: Well, why couldn't we afford it anymore? Because we're not

655
00:35:12,960 --> 00:35:15,839
Speaker 1: the powerhouse we used to be. And so you have

656
00:35:15,920 --> 00:35:20,040
Speaker 1: to find the underlying reason of why did we go

657
00:35:20,160 --> 00:35:23,080
Speaker 1: off of sound money? Why did we go to FIAT?

658
00:35:23,600 --> 00:35:25,799
Speaker 1: Why did we go off of that? And I will

659
00:35:25,840 --> 00:35:28,480
Speaker 1: tell you why. It's because we no longer dominate the

660
00:35:28,520 --> 00:35:31,680
Speaker 1: world economy the way we used to do in nineteen

661
00:35:31,719 --> 00:35:32,279
Speaker 1: fifty five.

662
00:35:32,560 --> 00:35:35,279
Speaker 2: So then what do you think about China going all

663
00:35:35,320 --> 00:35:37,799
Speaker 2: in on gold right now? I mean, is that a

664
00:35:37,920 --> 00:35:41,239
Speaker 2: position of strength or is that like a position matters?

665
00:35:41,239 --> 00:35:42,200
Speaker 1: Gold is useless?

666
00:35:42,239 --> 00:35:42,880
Speaker 2: Gold useless.

667
00:35:42,880 --> 00:35:45,799
Speaker 1: Gold is useless. Look, I mean I got it right here,

668
00:35:47,360 --> 00:35:49,840
Speaker 1: one hundred ounces of silver. I bought this for about

669
00:35:49,840 --> 00:35:52,879
Speaker 1: fourteen hundred bucks. Right now it's worth about sixty five

670
00:35:52,960 --> 00:35:56,760
Speaker 1: hundred bucks. Gold is useless. The bottom line is who's

671
00:35:56,760 --> 00:35:58,319
Speaker 1: going to control and run the.

672
00:35:58,280 --> 00:36:01,400
Speaker 2: World from a still point?

673
00:36:01,640 --> 00:36:07,280
Speaker 1: This is what Sachs is doing. AI, Like, who's going

674
00:36:07,360 --> 00:36:10,400
Speaker 1: to really run the world? Okay? Is it going to

675
00:36:10,480 --> 00:36:12,720
Speaker 1: be the United States? Is it going to be China?

676
00:36:13,719 --> 00:36:17,920
Speaker 1: Like we need to see what's going to happen. I

677
00:36:18,040 --> 00:36:20,440
Speaker 1: think that there's a lot of stuff going on. I think,

678
00:36:22,440 --> 00:36:25,800
Speaker 1: you know, if you listen to like Peter Dion Manti's

679
00:36:25,840 --> 00:36:28,719
Speaker 1: I don't know is right now, but they do those

680
00:36:28,760 --> 00:36:32,000
Speaker 1: podcasts which are great. A friend of mine, Jordi Visser's,

681
00:36:32,040 --> 00:36:34,600
Speaker 1: talks about them. I listen to those podcasts every week.

682
00:36:34,920 --> 00:36:37,120
Speaker 1: These guys are so smart. There's a guy Alex there,

683
00:36:37,280 --> 00:36:40,320
Speaker 1: David There that they're they're like the super smart AI nerds,

684
00:36:40,400 --> 00:36:44,040
Speaker 1: right yep. And if you listen to them, like what

685
00:36:44,080 --> 00:36:47,719
Speaker 1: they talk about is like what's AI gonna do? That's

686
00:36:47,760 --> 00:36:51,279
Speaker 1: what's going to run stuff Like at the end of

687
00:36:51,280 --> 00:36:54,160
Speaker 1: the day, gold and silver and bitcoorn are very important.

688
00:36:54,800 --> 00:37:00,239
Speaker 1: But if China dominates AI, then we're going to be

689
00:37:00,280 --> 00:37:02,000
Speaker 1: in trouble. And even if you own a bunch of

690
00:37:02,080 --> 00:37:04,480
Speaker 1: silver bars, I don't think that's going to really help

691
00:37:04,480 --> 00:37:06,239
Speaker 1: you that much. It might help you a little bit,

692
00:37:06,320 --> 00:37:09,000
Speaker 1: but I don't think that's going to be answer. So

693
00:37:09,560 --> 00:37:12,080
Speaker 1: what I think, and this is Alex Karp just did

694
00:37:12,120 --> 00:37:15,280
Speaker 1: a great interview. Alex Krp's telling you, like he's quoting

695
00:37:15,320 --> 00:37:20,479
Speaker 1: Samuel Huntington. The only reason why Western civilization is where

696
00:37:20,520 --> 00:37:25,960
Speaker 1: it is is because our superiority at applying maximum violence,

697
00:37:28,320 --> 00:37:30,719
Speaker 1: And he says, if you don't want to agree with that,

698
00:37:31,320 --> 00:37:33,520
Speaker 1: if you want to say that we're superior because of

699
00:37:33,560 --> 00:37:36,560
Speaker 1: our values and everything else, okay, good luck.

700
00:37:37,360 --> 00:37:39,480
Speaker 2: Yeah, Well I would, I would. I would highly disagree

701
00:37:39,480 --> 00:37:42,800
Speaker 2: with that statement. I think, I mean, I think history

702
00:37:42,840 --> 00:37:45,480
Speaker 2: and ear history buff. I think history would greatly refute

703
00:37:45,520 --> 00:37:49,399
Speaker 2: that as well. I think it's the ability to use

704
00:37:49,440 --> 00:37:52,840
Speaker 2: technology and maybe use technology to apply violence. I guess

705
00:37:52,880 --> 00:37:56,160
Speaker 2: maybe you could say that, but like a warlord with

706
00:37:56,800 --> 00:38:00,200
Speaker 2: you know, spears and arrows is not going to outperform

707
00:38:00,280 --> 00:38:03,000
Speaker 2: somebody with AI that has like drones that can fly

708
00:38:03,040 --> 00:38:05,319
Speaker 2: around and kill you. Right, So it's like and it

709
00:38:05,400 --> 00:38:07,279
Speaker 2: maybe maybe we're saying the same thing. So it's usual

710
00:38:07,360 --> 00:38:08,760
Speaker 2: technology to inflict violence.

711
00:38:08,920 --> 00:38:11,360
Speaker 1: Yeah, I think we're saying to say, But I'm not

712
00:38:11,400 --> 00:38:13,080
Speaker 1: going to argue with that with you about it?

713
00:38:13,120 --> 00:38:14,359
Speaker 2: Yeah, that's going off in a rabbit hole.

714
00:38:15,760 --> 00:38:18,200
Speaker 1: Yeah, And maybe it's something you don't want to get into.

715
00:38:18,320 --> 00:38:21,440
Speaker 1: But I honestly believe, like if you look at like,

716
00:38:21,680 --> 00:38:24,479
Speaker 1: why does the United States sit in the position it does,

717
00:38:26,120 --> 00:38:30,960
Speaker 1: can you argue that that's not more or less because

718
00:38:31,000 --> 00:38:37,760
Speaker 1: of a superior ability to inflict what Karp called organized violence.

719
00:38:37,960 --> 00:38:42,960
Speaker 2: I think what you just said earlier is the reason,

720
00:38:42,960 --> 00:38:45,080
Speaker 2: and it disputes what you're saying now. So do what

721
00:38:45,120 --> 00:38:46,800
Speaker 2: I mean by that. You said in the nineteen forties

722
00:38:46,800 --> 00:38:49,879
Speaker 2: and nineteen fifties US made everything, and so the US

723
00:38:49,880 --> 00:38:51,719
Speaker 2: made everything, so we had the most control and we

724
00:38:51,840 --> 00:38:54,000
Speaker 2: then we had the money. But why did we It

725
00:38:54,040 --> 00:38:58,319
Speaker 2: wasn't because we were the most powerful. World War One

726
00:38:58,320 --> 00:39:02,640
Speaker 2: and World War two completely bombed out the entire European

727
00:39:02,640 --> 00:39:06,319
Speaker 2: continent and all the industrial capacity over there, and so uh.

728
00:39:06,360 --> 00:39:08,200
Speaker 2: And then of course in Asia they didn't have any.

729
00:39:08,280 --> 00:39:11,200
Speaker 2: So it's like the US was the only factory left

730
00:39:11,280 --> 00:39:14,080
Speaker 2: open at that time, and it wasn't. It wasn't because

731
00:39:14,080 --> 00:39:17,759
Speaker 2: we were the economic We let everybody else go bomb

732
00:39:17,880 --> 00:39:20,960
Speaker 2: themselves out, and we were able to produce, not because

733
00:39:20,960 --> 00:39:23,440
Speaker 2: we beat everybody over the head, but we out competed them.

734
00:39:23,440 --> 00:39:25,040
Speaker 2: And I think that's how America it used to be,

735
00:39:25,160 --> 00:39:30,239
Speaker 2: Like American exceptionalism was we we we showed the world uh,

736
00:39:30,239 --> 00:39:33,520
Speaker 2: through competition, through greatness, and then inspired others to do better.

737
00:39:33,800 --> 00:39:37,799
Speaker 2: It wasn't about force Today it's about coersive force. And

738
00:39:37,840 --> 00:39:38,800
Speaker 2: I think that's a problem.

739
00:39:38,840 --> 00:39:40,960
Speaker 1: I think it's always been about coercive force.

740
00:39:41,120 --> 00:39:43,560
Speaker 2: Well, there's certainly an element to that. There's certainly an element.

741
00:39:43,760 --> 00:39:46,759
Speaker 1: I mean, I'm sorry, but man, I just can't. I

742
00:39:47,440 --> 00:39:49,719
Speaker 1: can't sit here and say this because we're just like

743
00:39:49,760 --> 00:39:50,560
Speaker 1: these great events.

744
00:39:50,600 --> 00:39:52,800
Speaker 2: But you just said in the nineteen fifties we ruled

745
00:39:52,840 --> 00:39:55,120
Speaker 2: the world because we we made everything.

746
00:39:56,320 --> 00:39:59,920
Speaker 1: Yeah, and we made everything because we had killed everybody.

747
00:40:00,880 --> 00:40:06,200
Speaker 1: We have been the dominator in a coercive force. Like

748
00:40:06,640 --> 00:40:10,000
Speaker 1: I I'm sorry, I can't, I can't say it.

749
00:40:10,640 --> 00:40:13,200
Speaker 2: Well, let's let's say, like, let's let's jump ahead, because

750
00:40:13,200 --> 00:40:14,960
Speaker 2: there's something else in that time period that I want

751
00:40:14,960 --> 00:40:17,640
Speaker 2: to bring forward, which is basically what happened in the

752
00:40:17,719 --> 00:40:21,440
Speaker 2: nineteen fifties and a parallel that we have to AI today.

753
00:40:21,520 --> 00:40:23,719
Speaker 2: So something that we've talked about quite a bit. So

754
00:40:24,040 --> 00:40:25,840
Speaker 2: you know, you just mentioned, you know, this race to

755
00:40:25,880 --> 00:40:28,040
Speaker 2: control AI and who's going to control that China the

756
00:40:28,120 --> 00:40:31,279
Speaker 2: US we sort of see like the Trump administration has

757
00:40:31,320 --> 00:40:34,160
Speaker 2: sort of come in with this renewed focus and it's

758
00:40:34,160 --> 00:40:39,120
Speaker 2: from from a military standpoint, national security standpoint, an economic standpoint,

759
00:40:39,320 --> 00:40:40,919
Speaker 2: but like we got to get our power and energy

760
00:40:40,960 --> 00:40:42,880
Speaker 2: figured out, Like we need to get our you know,

761
00:40:42,960 --> 00:40:45,640
Speaker 2: our manufacturer and our rare elements, our refineries going, we

762
00:40:45,680 --> 00:40:47,320
Speaker 2: need to get our AI going, all of that, and

763
00:40:47,400 --> 00:40:49,880
Speaker 2: so there's like this renewed focus. I've called it, make Americle,

764
00:40:50,080 --> 00:40:54,400
Speaker 2: make America investable again, you know, cutting red tape, cutting bureaucracy.

765
00:40:56,040 --> 00:40:57,320
Speaker 2: Is that kind of what you're talking about with this

766
00:40:57,440 --> 00:40:59,960
Speaker 2: AI and the nineteen fifties parallel, Like this re Dusty

767
00:41:00,760 --> 00:41:01,520
Speaker 2: do all of that.

768
00:41:01,560 --> 00:41:03,879
Speaker 1: We need to just just do what we need to do,

769
00:41:04,360 --> 00:41:06,319
Speaker 1: and we need to do it regardless of what the

770
00:41:06,320 --> 00:41:09,480
Speaker 1: Federal Reserve says. We need to do it, regardless of

771
00:41:09,520 --> 00:41:13,920
Speaker 1: what the CEOs of companies say. You know, in nineteen

772
00:41:14,000 --> 00:41:17,879
Speaker 1: forty four, there was a CEO of Montgomery Ward and

773
00:41:18,120 --> 00:41:21,279
Speaker 1: he basically had like, you know, some forces that were

774
00:41:21,800 --> 00:41:24,960
Speaker 1: you know, employees that didn't want to basically produce for

775
00:41:25,000 --> 00:41:28,480
Speaker 1: the war effort. And FDR sent in the Secretary of

776
00:41:28,560 --> 00:41:31,239
Speaker 1: War and it was called the Secretary of War back then,

777
00:41:31,840 --> 00:41:34,520
Speaker 1: and they literally brought him out on like a chair

778
00:41:34,760 --> 00:41:38,680
Speaker 1: and he was like carried out. I like, I honestly

779
00:41:38,760 --> 00:41:44,040
Speaker 1: think like and I never talk about this, Okay, I'm

780
00:41:44,040 --> 00:41:46,360
Speaker 1: going to say this once because I'd never talked about

781
00:41:46,520 --> 00:41:48,960
Speaker 1: I've probably been on a hundred podcasts I've never mentioned

782
00:41:48,960 --> 00:41:51,520
Speaker 1: this before because the reason I don't want to mention

783
00:41:51,600 --> 00:41:55,720
Speaker 1: it is because I never like served in Iraq or Afghanistan.

784
00:41:56,280 --> 00:41:59,560
Speaker 1: But I was a United States Marine. Okay, I've served

785
00:41:59,800 --> 00:42:02,520
Speaker 1: in the military. I have I don't even know where

786
00:42:02,520 --> 00:42:05,320
Speaker 1: it is. I've got veterans cards or stuff here d

787
00:42:05,440 --> 00:42:09,640
Speaker 1: D two fourteen. I hate to say it, but like,

788
00:42:10,280 --> 00:42:14,359
Speaker 1: we're where we're at because we're not afraid to do

789
00:42:14,400 --> 00:42:17,800
Speaker 1: what we need to do, the hard choices, the hard

790
00:42:17,920 --> 00:42:23,080
Speaker 1: choices period, and and you know, we bomb the shout

791
00:42:23,120 --> 00:42:29,640
Speaker 1: of Germany total war. Every US general in nineteen forty

792
00:42:29,640 --> 00:42:34,239
Speaker 1: three would tell you if we lose, we're going to

793
00:42:34,239 --> 00:42:39,520
Speaker 1: be arrested and hung for warm crimes. That's the way

794
00:42:39,600 --> 00:42:44,120
Speaker 1: we got where we're at. And if people don't want

795
00:42:44,160 --> 00:42:47,359
Speaker 1: to admit it, if people just want to be like, oh, well,

796
00:42:47,400 --> 00:42:51,920
Speaker 1: we're there, great, nice, fancy, fine fun people, they can

797
00:42:52,000 --> 00:42:55,600
Speaker 1: keep doing it. But I'm telling you we are where

798
00:42:55,640 --> 00:43:01,440
Speaker 1: we are at because of a ruthless ability to kill.

799
00:43:01,480 --> 00:43:05,160
Speaker 1: And unless you're willing to admit that and say that's

800
00:43:05,160 --> 00:43:06,799
Speaker 1: why we're here. That's what I was talking about on

801
00:43:06,840 --> 00:43:10,080
Speaker 1: Twitter the other day about how my great great great

802
00:43:10,120 --> 00:43:13,680
Speaker 1: great grandmother had gotten tomahawked in the back. People are like,

803
00:43:13,680 --> 00:43:14,440
Speaker 1: what are you talking about?

804
00:43:14,440 --> 00:43:14,560
Speaker 2: Now?

805
00:43:14,600 --> 00:43:16,920
Speaker 1: How do you know your great great grandmother got tomahawked

806
00:43:16,960 --> 00:43:21,360
Speaker 1: in the back Because I have a very specific family tree.

807
00:43:21,400 --> 00:43:25,160
Speaker 1: I have a grandmother that grew up just outside of Martin, Tennessee.

808
00:43:25,920 --> 00:43:29,440
Speaker 1: She has a very well documented research that I'm related

809
00:43:29,480 --> 00:43:32,279
Speaker 1: to David Crockett. If you go and you look at

810
00:43:32,360 --> 00:43:37,200
Speaker 1: David Crockett, his grandmother was part of this nineteen seventy

811
00:43:37,320 --> 00:43:43,879
Speaker 1: seven massacre by a Cherokee guy named Dragon Canoe who

812
00:43:43,960 --> 00:43:48,000
Speaker 1: literally came into wherever my ancestors were living and tomahawked

813
00:43:48,040 --> 00:43:50,120
Speaker 1: my great great grandmother in the back and killed her.

814
00:43:50,440 --> 00:43:54,839
Speaker 1: So I'm not holding anything against the Cherokee. Okay, I

815
00:43:54,920 --> 00:43:57,920
Speaker 1: know my ancestors were killed by the Cherokee. That's fine.

816
00:43:58,440 --> 00:44:01,520
Speaker 1: That's the way the world works. It's the brutal world.

817
00:44:02,000 --> 00:44:05,719
Speaker 1: But that is a fact that my ancestors were killed

818
00:44:05,719 --> 00:44:08,120
Speaker 1: by the Cherokee. I'm sure that probably some of my

819
00:44:08,200 --> 00:44:12,279
Speaker 1: ancestors killed Cherokees. Like, I mean, what do we want

820
00:44:12,360 --> 00:44:15,440
Speaker 1: to do with this world that we've been given? It

821
00:44:15,560 --> 00:44:18,680
Speaker 1: is a brutal, hard work. And the last thing I'll say,

822
00:44:18,719 --> 00:44:20,919
Speaker 1: and this was something that I still remember, and I'm

823
00:44:20,960 --> 00:44:23,680
Speaker 1: fifty years old now and I enlistened in the Marine

824
00:44:23,680 --> 00:44:31,080
Speaker 1: Corps in nineteen nineties. They just railed into us. You kill, kill, kill,

825
00:44:32,040 --> 00:44:34,680
Speaker 1: and they used to teach us things. It was devil dog,

826
00:44:34,880 --> 00:44:40,359
Speaker 1: shock troop, bloodsucking war machines, ready to fight, ready to kill,

827
00:44:40,520 --> 00:44:44,080
Speaker 1: ready to dive, and never will. They used to put

828
00:44:44,120 --> 00:44:48,120
Speaker 1: these things into our heads. When you enlisten to something

829
00:44:48,160 --> 00:44:52,319
Speaker 1: like the Marine Corps, kill kill, kill. This is the

830
00:44:52,360 --> 00:44:54,680
Speaker 1: way the world works. And I think the whole world

831
00:44:54,800 --> 00:45:00,560
Speaker 1: right now is operating under some sort of delusion that

832
00:45:00,680 --> 00:45:03,680
Speaker 1: this is some peaceful world where people just get along

833
00:45:04,120 --> 00:45:07,920
Speaker 1: and put everything into place nicely. And the reality is

834
00:45:07,920 --> 00:45:12,120
Speaker 1: is that the world falls into place because it's a

835
00:45:12,200 --> 00:45:17,600
Speaker 1: tough fricking place and eventually it's people get killed, whether

836
00:45:17,640 --> 00:45:23,759
Speaker 1: it's Ukrainians, Venezuelans or Americans.

837
00:45:25,000 --> 00:45:27,000
Speaker 2: Well, we were talking about economics and somehow we got

838
00:45:27,040 --> 00:45:30,120
Speaker 2: into the real projection of power in the world. But

839
00:45:30,480 --> 00:45:33,719
Speaker 2: let's bring this back. So any investor worth his salt

840
00:45:33,800 --> 00:45:36,240
Speaker 2: in your trader as well, like you have to obviously

841
00:45:36,239 --> 00:45:38,640
Speaker 2: have your bull case, your thesis, but then you also

842
00:45:38,760 --> 00:45:40,840
Speaker 2: have to understand where the potential risks are of that.

843
00:45:41,280 --> 00:45:44,319
Speaker 2: So You know, we've talked a lot about, you know,

844
00:45:44,360 --> 00:45:47,520
Speaker 2: the Federal Reserve. The bankers have total control. It's the

845
00:45:47,560 --> 00:45:51,920
Speaker 2: same playbook, consolidation of power, increase the money supply, assets

846
00:45:51,960 --> 00:45:54,239
Speaker 2: go up. Why you think twenty twenty six is going

847
00:45:54,280 --> 00:45:56,560
Speaker 2: to be this bull market a lot of assets going up?

848
00:45:56,560 --> 00:46:00,239
Speaker 2: If not everything going up together? What invalid dates that?

849
00:46:00,640 --> 00:46:06,000
Speaker 2: What you mentioned earlier? I'll go you mentioned earlier. You said,

850
00:46:06,000 --> 00:46:07,320
Speaker 2: not trying to make it political, but a lot of

851
00:46:07,320 --> 00:46:11,440
Speaker 2: people just don't like Trump. You know, right now, General

852
00:46:11,480 --> 00:46:14,239
Speaker 2: Mike Flynn at the time of this recording, is on

853
00:46:14,280 --> 00:46:16,920
Speaker 2: Twitter and he's saying that there's a color revolution happening

854
00:46:16,920 --> 00:46:19,680
Speaker 2: in the United States. We saw there's like the Seditious

855
00:46:19,760 --> 00:46:22,480
Speaker 2: Six that are now trying to like undermine the military

856
00:46:22,520 --> 00:46:24,880
Speaker 2: and Trump. So we know that there's all kinds of fighting,

857
00:46:24,920 --> 00:46:27,520
Speaker 2: plus you know Venezuela, all these things. Could there be

858
00:46:27,600 --> 00:46:30,480
Speaker 2: some sort of like an event where, hey, midterms are

859
00:46:30,520 --> 00:46:34,560
Speaker 2: next year, let's make sure that there's no liquidity, get

860
00:46:34,560 --> 00:46:37,200
Speaker 2: Trump out, maybe get some sort of impeachment going again,

861
00:46:38,040 --> 00:46:41,279
Speaker 2: I give that a very low probability. Something I'm paying

862
00:46:41,280 --> 00:46:43,960
Speaker 2: attention to. I'm curious, what are your sort of things

863
00:46:43,960 --> 00:46:46,960
Speaker 2: that could invalidate this twenty twenty six bull Run thesis.

864
00:46:47,200 --> 00:46:50,640
Speaker 2: Governments will never stop printing money, So inflation it's not

865
00:46:50,719 --> 00:46:53,240
Speaker 2: going away. Now. If your money's not earning at least

866
00:46:53,400 --> 00:46:56,359
Speaker 2: ten percent a year, you're losing purchasing power. Now, that's

867
00:46:56,360 --> 00:46:58,359
Speaker 2: why I talk about bitcoin. It's the number one way

868
00:46:58,400 --> 00:47:01,439
Speaker 2: to beat inflation and secure your future. And the question

869
00:47:01,520 --> 00:47:04,520
Speaker 2: I get asked almost every day is where do you

870
00:47:04,560 --> 00:47:05,320
Speaker 2: buy your bitcoin?

871
00:47:05,680 --> 00:47:05,839
Speaker 1: Now?

872
00:47:05,880 --> 00:47:08,719
Speaker 2: For years, I've personally use River dot Com and I

873
00:47:08,719 --> 00:47:11,360
Speaker 2: only take on sponsors that I use and I trust,

874
00:47:11,719 --> 00:47:14,560
Speaker 2: and I trust them because River's bitcoin only. They have

875
00:47:14,560 --> 00:47:17,440
Speaker 2: one hundred percent reserve, and they keep your bitcoin safe

876
00:47:17,760 --> 00:47:21,200
Speaker 2: in cold storage with no middlemen, and you can actually

877
00:47:21,200 --> 00:47:26,000
Speaker 2: talk to a real person, a US based support, dedicated manager. Now,

878
00:47:26,200 --> 00:47:29,279
Speaker 2: try getting that peace of mind from coinbase. Of course,

879
00:47:29,280 --> 00:47:32,760
Speaker 2: you can't now the perks. If you set up auto buys,

880
00:47:33,000 --> 00:47:35,680
Speaker 2: you can pay zero fees plus. Instead of your bank

881
00:47:35,719 --> 00:47:38,160
Speaker 2: paying you, you know, zero point four percent on cash,

882
00:47:38,520 --> 00:47:41,840
Speaker 2: River pays you three point seventy five percent on cash

883
00:47:42,200 --> 00:47:44,640
Speaker 2: paid in bitcoin. So if you're ready to build your

884
00:47:44,640 --> 00:47:48,400
Speaker 2: bitcoin position with confidence, go to River dot com, slash

885
00:47:48,600 --> 00:47:50,960
Speaker 2: mark Moss and get up to one hundred dollars in

886
00:47:51,000 --> 00:47:54,319
Speaker 2: bitcoin when you sign up, because freedom starts when you

887
00:47:54,360 --> 00:47:56,880
Speaker 2: own your money, and your money starts with bitcoin.

888
00:47:57,239 --> 00:48:01,240
Speaker 1: Well, more broadly speaking, I'm actually starting to lean towards

889
00:48:01,400 --> 00:48:06,560
Speaker 1: a second half of twenty twenty six market collapse. I've

890
00:48:06,560 --> 00:48:09,960
Speaker 1: been very bolish. I still think that you know, twenty

891
00:48:10,000 --> 00:48:13,080
Speaker 1: twenty five is going good. I think twenty twenty six

892
00:48:13,160 --> 00:48:15,239
Speaker 1: is going to go good too. And I think if

893
00:48:15,280 --> 00:48:17,440
Speaker 1: you even if you look at like a simple chart

894
00:48:17,520 --> 00:48:22,600
Speaker 1: like like look at like SMP seasonals, it's very interesting.

895
00:48:22,600 --> 00:48:25,959
Speaker 1: What you'll see is that in the last three months

896
00:48:26,000 --> 00:48:29,640
Speaker 1: of the year, the SMP has done very well until

897
00:48:29,680 --> 00:48:32,520
Speaker 1: this year, and now it's not doing too great. But

898
00:48:32,640 --> 00:48:34,759
Speaker 1: you also see that like the first three months of

899
00:48:34,760 --> 00:48:37,520
Speaker 1: the year, there's normally a pullback, and we had that

900
00:48:37,640 --> 00:48:41,360
Speaker 1: last year. In December of last year, I called for

901
00:48:41,520 --> 00:48:44,160
Speaker 1: a first half pullback. I said it was a fifteen

902
00:48:44,200 --> 00:48:47,640
Speaker 1: to twenty percent pullback. Markets would rally probably get to

903
00:48:47,920 --> 00:48:52,719
Speaker 1: seven thousand SBX. I think actually what's happening now is

904
00:48:52,760 --> 00:48:57,560
Speaker 1: everybody's trying to like recapitulate that story and say, oh, well,

905
00:48:57,640 --> 00:48:59,760
Speaker 1: what we're going to do is we're gonna do well.

906
00:49:00,920 --> 00:49:03,600
Speaker 1: Then we're going to have a first half pullback, and

907
00:49:03,640 --> 00:49:06,400
Speaker 1: then the second half's going to be good. And I

908
00:49:06,480 --> 00:49:08,799
Speaker 1: actually think that's going to be completely The opposite is

909
00:49:08,840 --> 00:49:12,480
Speaker 1: that the first half of twenty twenty six, I think

910
00:49:12,520 --> 00:49:16,359
Speaker 1: we're going to have a massive bull run. I think

911
00:49:16,400 --> 00:49:19,960
Speaker 1: we could literally hit seventy eight seventy nine hundred on

912
00:49:20,040 --> 00:49:22,239
Speaker 1: the S and P five hundred, over one hundred and

913
00:49:22,280 --> 00:49:26,920
Speaker 1: fifty thousand big cooin, over five thousand gold, all of

914
00:49:26,960 --> 00:49:30,080
Speaker 1: that within the first half of twenty twenty six. And

915
00:49:30,120 --> 00:49:32,239
Speaker 1: then we're going to pull back. And then what's going

916
00:49:32,320 --> 00:49:35,000
Speaker 1: to happen in twenty twenty seven is people are going

917
00:49:35,080 --> 00:49:39,360
Speaker 1: to realize that AI is not that good for corporate

918
00:49:39,360 --> 00:49:41,719
Speaker 1: America as they think it is. So I think there's

919
00:49:41,760 --> 00:49:45,920
Speaker 1: been three phases to AI. First phase, picks and shovels,

920
00:49:47,640 --> 00:49:53,839
Speaker 1: open AI, all these hyperscalers. Great. Second phase, Okay, those

921
00:49:53,880 --> 00:49:56,759
Speaker 1: guys are going to become commoditized. But what's going to

922
00:49:56,840 --> 00:49:59,040
Speaker 1: happen is the four ninety three are going to make

923
00:49:59,040 --> 00:50:00,960
Speaker 1: a bunch of money because as their margins are going

924
00:50:01,000 --> 00:50:05,319
Speaker 1: to improve that second phase, third fight, third phase. Oh

925
00:50:05,360 --> 00:50:08,120
Speaker 1: my god, these four ninety three are a bunch of

926
00:50:08,120 --> 00:50:12,600
Speaker 1: bloated companies and they got like seven thousand employees and

927
00:50:12,800 --> 00:50:16,680
Speaker 1: some startup with seventy employees can do the same thing

928
00:50:17,040 --> 00:50:20,040
Speaker 1: that Salesforce dot Com could do or Adobe could do.

929
00:50:20,440 --> 00:50:23,480
Speaker 1: And this is why if you look at Adobe and Salesforce,

930
00:50:23,960 --> 00:50:29,680
Speaker 1: those are your kind of like flags in the win.

931
00:50:30,440 --> 00:50:34,280
Speaker 1: They're down like forty percent, yeah, forty They're down forty percent.

932
00:50:34,320 --> 00:50:37,160
Speaker 1: This your mark. I mean, why the hell would in

933
00:50:37,200 --> 00:50:40,840
Speaker 1: this amazing bowl market and weaker dollar and all the

934
00:50:41,080 --> 00:50:44,439
Speaker 1: why would Adobe and Salesforce be down forty percent from

935
00:50:44,440 --> 00:50:47,520
Speaker 1: where they were eight months a day? Because people realize

936
00:50:47,600 --> 00:50:51,360
Speaker 1: AI is going to take out these SaaS companies. Jordi

937
00:50:51,480 --> 00:50:54,560
Speaker 1: Visser wrote a or did a thing on any called

938
00:50:54,840 --> 00:50:59,120
Speaker 1: twenty thirties is the graveyard of fortune one hundred companies.

939
00:50:59,360 --> 00:51:01,080
Speaker 1: So I don't want to take credit for it. I

940
00:51:01,120 --> 00:51:04,719
Speaker 1: want to always give credit the words due. Jordi inspired

941
00:51:04,719 --> 00:51:07,160
Speaker 1: me to really think about this. I started researching it,

942
00:51:07,360 --> 00:51:10,279
Speaker 1: and I think, is damn right. Twenty thirties will be

943
00:51:10,320 --> 00:51:13,439
Speaker 1: the graveyard of fortune one hundred companies. So we're going

944
00:51:13,480 --> 00:51:18,000
Speaker 1: through this whole thing, what's going to be left standing? Gold, silver,

945
00:51:18,480 --> 00:51:18,920
Speaker 1: big coin?

946
00:51:19,160 --> 00:51:22,279
Speaker 2: So twenty twenty six bull run in the year bad,

947
00:51:22,320 --> 00:51:25,200
Speaker 2: twenty twenty seven be a tough year. I think maybe

948
00:51:25,200 --> 00:51:26,600
Speaker 2: what you're saying so right now, a lot of people

949
00:51:26,600 --> 00:51:29,800
Speaker 2: are really worried about this AI bubble man, and maybe

950
00:51:29,800 --> 00:51:31,200
Speaker 2: what you're kind of saying is the A bubble is

951
00:51:31,200 --> 00:51:33,319
Speaker 2: going to last a little bit longer than most people think,

952
00:51:33,360 --> 00:51:34,279
Speaker 2: and then it's going to come.

953
00:51:34,640 --> 00:51:34,920
Speaker 1: Yep.

954
00:51:35,160 --> 00:51:39,760
Speaker 2: If I'm thirty five to fifty five years old, you know, career,

955
00:51:39,960 --> 00:51:43,759
Speaker 2: some savings, a family, but I'm a long term investor

956
00:51:43,760 --> 00:51:45,880
Speaker 2: because you know, I still got ten twenty years on

957
00:51:45,920 --> 00:51:49,680
Speaker 2: my horizon. How would I think about these next couple

958
00:51:49,680 --> 00:51:53,320
Speaker 2: of years. And if I'm older with a shorter time horizon,

959
00:51:53,320 --> 00:51:56,400
Speaker 2: how would I think about these next couple of years.

960
00:51:56,520 --> 00:52:00,160
Speaker 1: I have spent almost thirty years in the financial industry.

961
00:52:02,000 --> 00:52:04,560
Speaker 1: People want to look up my name, they can go

962
00:52:04,600 --> 00:52:08,080
Speaker 1: to broker check, which is run by FINRA. They can

963
00:52:08,239 --> 00:52:11,040
Speaker 1: enter and Mel Madison and they can find out that

964
00:52:11,160 --> 00:52:13,759
Speaker 1: I first got my Series seven and twenty twenty or

965
00:52:13,840 --> 00:52:17,759
Speaker 1: two thousand and four over twenty years ago. Okay, and

966
00:52:17,880 --> 00:52:20,759
Speaker 1: I actually worked in the industry before that, So I'm

967
00:52:20,800 --> 00:52:24,759
Speaker 1: like twenty five thirty years in the industry. So you know,

968
00:52:24,840 --> 00:52:27,480
Speaker 1: take this for what it's worth. What I would tell

969
00:52:27,520 --> 00:52:31,719
Speaker 1: you is if you think that you, like have a

970
00:52:31,760 --> 00:52:35,520
Speaker 1: four to oh one k and they're putting like you

971
00:52:35,600 --> 00:52:40,600
Speaker 1: into a target day fund and it's seventy percent equities

972
00:52:40,600 --> 00:52:44,480
Speaker 1: and thirty percent bonds, and you think you're good. I

973
00:52:44,480 --> 00:52:47,400
Speaker 1: think you should consider that, and I have. I would

974
00:52:47,440 --> 00:52:52,239
Speaker 1: never say that until probably right about now, because I

975
00:52:52,239 --> 00:52:55,319
Speaker 1: think equities still have a little way to go. But

976
00:52:55,400 --> 00:52:57,600
Speaker 1: I just don't know. Am I going to be right today?

977
00:52:57,680 --> 00:53:01,680
Speaker 1: Am I going to be wrong? I don't know. I

978
00:53:01,719 --> 00:53:05,479
Speaker 1: think that corporate America and companies are in for more

979
00:53:05,520 --> 00:53:10,160
Speaker 1: of a change than they have seen in decades. I

980
00:53:10,200 --> 00:53:14,080
Speaker 1: think AI is gonna screw things up. I think that

981
00:53:14,800 --> 00:53:19,880
Speaker 1: these forty percent declines and stocks like Salesforce and Adobe

982
00:53:20,280 --> 00:53:24,680
Speaker 1: are just you know, little flags on the wall that

983
00:53:24,719 --> 00:53:28,000
Speaker 1: are saying, hey, get ready, stuff's going on. And I

984
00:53:28,040 --> 00:53:30,440
Speaker 1: think the way they talk about it and Geordie talk

985
00:53:30,480 --> 00:53:33,239
Speaker 1: about it is like here's what's gonna happen. It's like

986
00:53:33,600 --> 00:53:36,560
Speaker 1: you got a company it has like ten thousand people,

987
00:53:37,120 --> 00:53:39,040
Speaker 1: and all of a sudden, there's going to be a startup.

988
00:53:39,920 --> 00:53:44,560
Speaker 1: It's gonna use AI. Instead of ten thousand people, they're

989
00:53:44,600 --> 00:53:47,840
Speaker 1: gonna need two hundred people plus AI. And they're gonna

990
00:53:47,840 --> 00:53:50,279
Speaker 1: do the same damn thing and then they're gonna be

991
00:53:50,320 --> 00:53:52,520
Speaker 1: able to compress your margins and they're gonna put you

992
00:53:52,560 --> 00:53:56,320
Speaker 1: out of business. And so this is where it's all going.

993
00:53:56,360 --> 00:53:58,760
Speaker 1: And this is why Jeordie says AI is the ultimate

994
00:53:58,800 --> 00:54:02,840
Speaker 1: bitcoin play, right, because what he's saying is that AI

995
00:54:03,120 --> 00:54:06,200
Speaker 1: all like this is where it's going. Like I'm I'm

996
00:54:06,239 --> 00:54:10,840
Speaker 1: bullish on the markets, but very like one two years

997
00:54:11,160 --> 00:54:13,520
Speaker 1: like and then I'm probably gonna take every dollar I

998
00:54:13,600 --> 00:54:15,279
Speaker 1: have in the markets out and I'm gonna put into

999
00:54:15,280 --> 00:54:19,520
Speaker 1: the bigcoin and goal. Yeah, like that's because that to me,

1000
00:54:20,160 --> 00:54:24,240
Speaker 1: I think companies they're gonna have their margins expand Okay,

1001
00:54:24,280 --> 00:54:26,440
Speaker 1: so this is the year. Okay, last year was the

1002
00:54:26,520 --> 00:54:30,200
Speaker 1: year of hyperscalers bitcoin people. This year is going to

1003
00:54:30,280 --> 00:54:33,400
Speaker 1: be RSP, which is the equal WADTF of S and

1004
00:54:33,440 --> 00:54:36,640
Speaker 1: P five hundred. You know, like every company is gonna

1005
00:54:36,680 --> 00:54:39,680
Speaker 1: make so much more money because of productivity. You literally

1006
00:54:39,760 --> 00:54:42,719
Speaker 1: heard poll yesterday talking about how productivity is amazing. We've

1007
00:54:42,760 --> 00:54:45,839
Speaker 1: got five plus years in a row of two percent productivity.

1008
00:54:45,840 --> 00:54:48,799
Speaker 1: We've never seen it. Like everybody's talking about productivity, and

1009
00:54:48,840 --> 00:54:50,360
Speaker 1: then what's gonna happen in a year or two is

1010
00:54:50,400 --> 00:54:53,600
Speaker 1: people are going to realize guess what all these companies, margins,

1011
00:54:53,680 --> 00:54:54,399
Speaker 1: everything is going.

1012
00:54:54,400 --> 00:54:58,800
Speaker 2: To be compressed and the big displacement yep, yep, yeah.

1013
00:54:59,000 --> 00:54:59,640
Speaker 1: Yeah, I like that.

1014
00:54:59,760 --> 00:55:03,200
Speaker 2: I I was thinking about this interview. It was the

1015
00:55:03,239 --> 00:55:07,080
Speaker 2: All End podcast had Elon musk On and they're asking him,

1016
00:55:07,080 --> 00:55:08,759
Speaker 2: you know, they went through the robots, and they went

1017
00:55:08,760 --> 00:55:10,880
Speaker 2: through the taxis and the a I mean, dude, the

1018
00:55:11,400 --> 00:55:14,640
Speaker 2: project that guy has is amazing. But you know, now

1019
00:55:14,680 --> 00:55:16,480
Speaker 2: you'll be able to get star Link on your phone.

1020
00:55:16,880 --> 00:55:19,040
Speaker 2: And he bought a cell phone care and they're like,

1021
00:55:19,080 --> 00:55:20,839
Speaker 2: when are you going to release your own phone? Like

1022
00:55:20,880 --> 00:55:22,719
Speaker 2: why not just have like a Tesla phone, like we'd

1023
00:55:22,719 --> 00:55:25,719
Speaker 2: buy it, et cetera. And he said, nah, I think

1024
00:55:25,760 --> 00:55:27,040
Speaker 2: in five years phones are gone.

1025
00:55:28,560 --> 00:55:28,799
Speaker 1: Yeah.

1026
00:55:28,800 --> 00:55:32,000
Speaker 2: Like the reason why he's not building his Tesla phone

1027
00:55:32,040 --> 00:55:34,799
Speaker 2: is because he thinks in five years they're gone. And

1028
00:55:35,000 --> 00:55:37,560
Speaker 2: instead of having like a powerful computer in our pocket

1029
00:55:37,640 --> 00:55:40,680
Speaker 2: that's more powerful than the Space Shuttle, it won't be

1030
00:55:40,719 --> 00:55:41,760
Speaker 2: a computer anymore.

1031
00:55:42,239 --> 00:55:42,600
Speaker 1: He said.

1032
00:55:42,640 --> 00:55:45,320
Speaker 2: All it will be is a screen that's hooked to

1033
00:55:45,400 --> 00:55:48,719
Speaker 2: the cloud and the computing power and all the app

1034
00:55:48,760 --> 00:55:50,600
Speaker 2: He said he thinks apps will be gone as well.

1035
00:55:50,880 --> 00:55:51,680
Speaker 1: Apps are gone.

1036
00:55:52,040 --> 00:55:54,080
Speaker 2: Phones are gone, and all we have is a screen

1037
00:55:54,120 --> 00:55:56,560
Speaker 2: that's hooked to it's just a node and then everything's

1038
00:55:56,560 --> 00:55:58,440
Speaker 2: in the cloud and it's all built into like an

1039
00:55:58,480 --> 00:56:01,840
Speaker 2: AI interface. And so Apple, what does that mean for

1040
00:56:01,880 --> 00:56:04,839
Speaker 2: Apple and Samsung? Right? So to your point, right, that's

1041
00:56:04,880 --> 00:56:06,960
Speaker 2: how fast things are changing now. The timeframes, you know,

1042
00:56:07,719 --> 00:56:11,239
Speaker 2: it's hard to guess exactly, but the directionality seems to

1043
00:56:11,239 --> 00:56:12,360
Speaker 2: be there. And and I agree with that.

1044
00:56:12,880 --> 00:56:15,120
Speaker 1: Look, I don't know the timeframes, but here's what I

1045
00:56:15,160 --> 00:56:18,520
Speaker 1: would say. Don't trust me, but the richest man in

1046
00:56:18,600 --> 00:56:22,360
Speaker 1: the world, who started Tesla, who started SpaceX, that's what

1047
00:56:22,440 --> 00:56:25,080
Speaker 1: he's telling you. Maybe you might want to think he

1048
00:56:25,360 --> 00:56:26,520
Speaker 1: kind of has an idea.

1049
00:56:26,719 --> 00:56:28,520
Speaker 2: So you got you got about two years to make

1050
00:56:28,560 --> 00:56:30,040
Speaker 2: as much money as you can and then the world's

1051
00:56:30,080 --> 00:56:31,480
Speaker 2: going to change, and who knows what's on the other

1052
00:56:31,520 --> 00:56:31,920
Speaker 2: side of that.

1053
00:56:32,000 --> 00:56:32,719
Speaker 1: I think we can end.

1054
00:56:32,680 --> 00:56:32,960
Speaker 2: It with that.

1055
00:56:34,840 --> 00:56:37,439
Speaker 1: There you go. I think that's good. That's good.

1056
00:56:37,760 --> 00:56:40,680
Speaker 2: The wealth window two years. You got to figure all

1057
00:56:40,680 --> 00:56:44,200
Speaker 2: that out, man, mal This was an amazing conversation. We talked

1058
00:56:44,239 --> 00:56:46,520
Speaker 2: for like almost an hour before we even started recording.

1059
00:56:47,400 --> 00:56:48,200
Speaker 1: I think we need to.

1060
00:56:48,160 --> 00:56:50,480
Speaker 2: Do like this series we talked about, like the series

1061
00:56:50,560 --> 00:56:54,680
Speaker 2: of sort of tracing back the money from the creation

1062
00:56:54,760 --> 00:56:56,319
Speaker 2: of the central banks all the way through. It would be

1063
00:56:56,320 --> 00:56:58,480
Speaker 2: super fun. So we'll definitely have you back if that

1064
00:56:58,520 --> 00:57:00,440
Speaker 2: sounds interesting to do. Bet in the audience leave down

1065
00:57:00,480 --> 00:57:02,560
Speaker 2: below if you want to know more about the history

1066
00:57:02,600 --> 00:57:05,120
Speaker 2: of money and how it's this machine. As Mel said,

1067
00:57:05,160 --> 00:57:07,840
Speaker 2: it's always going forward. I know you wrote that book.

1068
00:57:08,200 --> 00:57:10,400
Speaker 2: Anything else that you want to shout out draw attention

1069
00:57:10,440 --> 00:57:11,480
Speaker 2: to while we're here.

1070
00:57:11,680 --> 00:57:13,680
Speaker 1: Yeah, No, I mean I wrote a book. It's called

1071
00:57:13,800 --> 00:57:17,360
Speaker 1: quas Being in Quantum Oz. It's kind of a playoff

1072
00:57:17,360 --> 00:57:19,760
Speaker 1: The Wizard of Oz. I'd add one thing which is

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Speaker 1: really interesting. A lot of people don't know, like how

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00:57:21,760 --> 00:57:24,640
Speaker 1: the Wizard of Oz was really a monetary allegory and

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00:57:25,320 --> 00:57:28,080
Speaker 1: the yellow brick row was the gold standard. And in

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00:57:28,160 --> 00:57:32,360
Speaker 1: the book Dorothy wore the silver slippers. And so what

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00:57:32,440 --> 00:57:34,720
Speaker 1: I tried to do is I tried to look and

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00:57:34,760 --> 00:57:36,840
Speaker 1: this was I wrote this book a couple of years ago.

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00:57:37,640 --> 00:57:40,960
Speaker 1: I tried to look at like where are we going

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00:57:41,400 --> 00:57:45,480
Speaker 1: and what's happening? And I just looked at it, and

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00:57:45,520 --> 00:57:49,960
Speaker 1: I said, you know what we've got, you know, central banks,

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00:57:50,680 --> 00:57:52,880
Speaker 1: We've got all this stuff. And I wanted to research

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00:57:52,920 --> 00:57:55,960
Speaker 1: it and I started researching it and it became more

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00:57:56,080 --> 00:57:59,400
Speaker 1: and more fascinating than ever. I went to Basel, Switzerland,

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00:57:59,800 --> 00:58:03,680
Speaker 1: I researched the Bank for International Settlements. I got kicked

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00:58:03,720 --> 00:58:06,720
Speaker 1: out of the Bank for International Settlements involves actually so

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00:58:06,960 --> 00:58:08,919
Speaker 1: definitely having me back on Mark. I mean, we could

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00:58:08,920 --> 00:58:12,280
Speaker 1: talk about all of this, the fascinating journey I've had

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00:58:12,800 --> 00:58:16,680
Speaker 1: researching money central banks and how they're all manipulating this stuff,

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00:58:16,720 --> 00:58:17,920
Speaker 1: and Quas gets to know all.

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00:58:18,240 --> 00:58:21,200
Speaker 2: All right, we'll link to that down below, and your

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00:58:21,240 --> 00:58:23,280
Speaker 2: handles are in Twitter, and we're wrapping up with that.

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Speaker 2: Thanks so much, Mel,