Speaker 1: M hey everyone, welcome to the episode of The Market
Speaker 1: Disruptor Show. Today we are live in action. I'm actually
Speaker 1: on a World Win two. I'm at the fourth conference
Speaker 1: i've been at in ten days. A lot of it's
Speaker 1: been spent with my good friend Alex Fetski here. I've
Speaker 1: had him on the show one time before, and he is, uh,
Speaker 1: he's a deep thinker. He's someone that's really spent a
Speaker 1: lot of time to think things through, um, from multiple
Speaker 1: different angles and so um it's someone like to sit
Speaker 1: down with and bounce ideas off of as I kind
Speaker 1: of work through things myself. So anyway, welcome back to
Speaker 1: the show, Alex, Thank you man, and I appreciate the
Speaker 1: comment as usual. Yeah yeah, So, UM, we're gonna dig
Speaker 1: into some stuff today. UM that kind of maybe carries
Speaker 1: from our first interview that we did, and it might
Speaker 1: be a little bit different than the information I bring
Speaker 1: to you on a regular basis. So don't turn this
Speaker 1: off just yet, because it's something that's super important and
Speaker 1: what I want to talk about today is ways to
Speaker 1: think through critical issues. Um. It's something that's very lacking
Speaker 1: that we have today. Um, we're in this like instant
Speaker 1: gratification where where everybody wants to read the headline and
Speaker 1: then draw a conclusion. Right. But I get comments on
Speaker 1: my videos. I'm taking complex subjects stealing them down in
Speaker 1: twenty minutes, and people are like, give me the headline.
Speaker 1: I'm like, dude, you can't understand the deep subject, right,
Speaker 1: and so, UM, a couple of things that I'm thinking
Speaker 1: through and you can help me with this is just like, um,
Speaker 1: maybe like some sort of a structure or a sequence
Speaker 1: that could help people see through headlines and get to
Speaker 1: a priori truths as you call them, right or as
Speaker 1: they're called or first principles. And so here's something that
Speaker 1: I'm kind of having conversations with a lot about. And
Speaker 1: there's so much distortion in the markets today, UM that
Speaker 1: a lot of times we get stuck making arguments at
Speaker 1: levels that we shouldn't be discussing things. UM. An example
Speaker 1: of this would be, UM, the news breaking out right
Speaker 1: now is Black Rock is buying all the homes up
Speaker 1: and they're stealing the American dream from young couples and
Speaker 1: forcing them into serfdom. Now they have to rent. They're
Speaker 1: buying them for thirty five over market value because they've
Speaker 1: been given free money from the FED. I had nine
Speaker 1: comments on my video saying this is wrong, this is horrible,
Speaker 1: should be illegal, and I agree, but I don't believe
Speaker 1: there should be a law, Like why don't we just
Speaker 1: take away the money printer that gives them the money
Speaker 1: in the first place. So there's lots of arguments that
Speaker 1: we can make on these We can talk about masks.
Speaker 1: Is that the right argument to makes? Tell me what
Speaker 1: do you think about that? Well, like you said, it's
Speaker 1: it's an argument on the wrong level. So the most
Speaker 1: important thing with all of this stuff is trying to
Speaker 1: find a consistent thread because like, if you keep flip
Speaker 1: flopping on morals and principles, it's like I'm for freedom
Speaker 1: of speech, um, and I'm for private property. But like
Speaker 1: that crazy lady that jumped up on stage when Jack
Speaker 1: was speaking speaking, so like I didn't see that, but like,
Speaker 1: you know, someone told me the background story with her,
Speaker 1: and she's like, you know, chained herself like to the
Speaker 1: Twitter headquarters in whatever. There's some jobs out there. But
Speaker 1: the thing is that it's symptomatic thinking versus causal thinking, right,
Speaker 1: so so so that they're trying to deal with the
Speaker 1: symptom and they're saying that's the problem, whereas there's a
Speaker 1: cause back upstream that no one's talking about and no
Speaker 1: one's trying to deal with. And this is where sort
Speaker 1: of bitcoin is differentiate from a lot of other people,
Speaker 1: is that, you know, we've spent time thinking about how
Speaker 1: to remain consistent. In the process of trying to remain
Speaker 1: consistent with our arguments, we've realized that upstream, a lot
Speaker 1: of the problems happen here, and then you get these symptomatic,
Speaker 1: weird after effects that occur in society, like the black
Speaker 1: rocks buying things like you know, tech oligopolies like the
Speaker 1: only reason. So I've got to finish this article at
Speaker 1: some stage, but I'm writing the Rise of the technolgragy
Speaker 1: Dic Leviathan, and the point of that article is about
Speaker 1: how the fact that a monopoly on money existed, like
Speaker 1: the fact that a state exists, actually that institution or
Speaker 1: that organization gave rise to the technocratical Leviathans that are
Speaker 1: taking over now Google's, the Facebook, etcetera. And why they
Speaker 1: Capitalism sort of is like this this energy that you know,
Speaker 1: all free markets kind of permeate all existence, like we
Speaker 1: assume beings. All we do is we know, we take
Speaker 1: out time and energy, we take natural resources, and we
Speaker 1: actually do something with these things. So so we're always
Speaker 1: producing something. So you can't actually rip that out of society.
Speaker 1: But you know, in some societies where that is um
Speaker 1: you know, more functional, you get more progress, etcetera. But
Speaker 1: innovation always occurs. Capitalism is always occurring. Now when you
Speaker 1: couple that with a system where you can you know,
Speaker 1: you can shift the what what can we call it
Speaker 1: the resource allocation uh in favor of one group to
Speaker 1: another by decree, not through competitive Hey guys, let me
Speaker 1: just interrupt this interview real quick, just to plug the
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Speaker 1: You can use that debt for anything that you want,
Speaker 1: including to live off of, to leverage up and buy more,
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Speaker 1: block by now. UM not through competition. You get a
Speaker 1: situation where as you're doing it You'll still going to
Speaker 1: want to bet on the most competitive that's that's out there,
Speaker 1: the most innovative, but you create a flywheel effect where
Speaker 1: the couple that are ahead, you're going to give them,
Speaker 1: you know, nitrous ox side, whereas everybody else is not
Speaker 1: going to have it. So you'll end up creating an
Speaker 1: oligopoly around the States. So that's why you know you've
Speaker 1: got your companies like you de pontr fires Is, your Googles,
Speaker 1: your Microsoft, and all of this, because they are the
Speaker 1: beneficiaries of cheap money printing. They are the beneficiaries of
Speaker 1: all of our four oh one case, they are the
Speaker 1: beneficiaries of all of the excessive money that gets dumped
Speaker 1: on Wall Street and everything. So they end up with
Speaker 1: all the money, all the resources, and they can do
Speaker 1: stuff that no smaller competitor can do because they've got
Speaker 1: all of this extra money that they shouldn't have had
Speaker 1: in the first place. But again it's it's an upstream problem.
Speaker 1: Likewise with black Rock and trying to solve the trying
Speaker 1: to fix the symptom, all it's going to do is
Speaker 1: create another set of problems. Is the Cobra effect that
Speaker 1: which we spoke about last time. So so we have
Speaker 1: to like and this is where the stoicism of a
Speaker 1: big poin of really comes in into place. Like as
Speaker 1: much as we might be angry about all of these things,
Speaker 1: I mean, look, I'm a example, I got sense It
Speaker 1: on like I got perma Band off Twitter for nothing,
Speaker 1: like for calling someone a skank, you know, like wow,
Speaker 1: but perma band for something, you know, I spent three
Speaker 1: or four years to build up you know, like a
Speaker 1: like it was a really good profile. Now it's right
Speaker 1: to do that. I'm not angry about that. I'm you know,
Speaker 1: maybe piste off about like the vote police element of it,
Speaker 1: but you know whatever, it's their right to do so.
Speaker 1: But that's not where the problem is. The problem is upstream.
Speaker 1: So I'm wondering if you have some sort of a
Speaker 1: thought process that helps you get down to that level.
Speaker 1: So for example, using the block rock thing as an example, so, um,
Speaker 1: they're buying up homes over, they're putting in single family
Speaker 1: people into serfdom. Now they have to rent. People are
Speaker 1: mad and people tell me that we should pass laws
Speaker 1: to make that illegal. And that's like that seems like
Speaker 1: a knee jerk reaction. As you said, treating the symptom.
Speaker 1: So do you have some sort of a framework that
Speaker 1: maybe like do you just ask why a bunch of times?
Speaker 1: Or like, um, how does the average person that doesn't
Speaker 1: really understand let's get to that level? I mean, is
Speaker 1: there any way to do that? It's I guess this
Speaker 1: is where the first principles that we spoke about last
Speaker 1: time really matter, right, So it's like, you know, what
Speaker 1: what matters to you and let's maybe let's maybe listening. So, like,
Speaker 1: you know, do you believe in private property like that
Speaker 1: which is yours? You should have the right to do
Speaker 1: what you want with um and you know the limitation
Speaker 1: or the boundary of that is not to encroach upon,
Speaker 1: you know, what somebody can do with their own private property.
Speaker 1: So you know, so that that's something you know, I
Speaker 1: think we can all largely agree with, unless you're two
Speaker 1: year older socialist as a safe could say. You know,
Speaker 1: another thing would be you know, the freedom or speech
Speaker 1: like that, the right to think and say that what
Speaker 1: you believe. So we agree with that. So it's about
Speaker 1: kind of finding like, you know, what what else do
Speaker 1: you think could be? Um? You know, I think I
Speaker 1: think I think that's good. Right, So if you think
Speaker 1: about it where you have like these I guess you
Speaker 1: have to have this this understanding of based truth. So
Speaker 1: private property for example, right, so if I believe in
Speaker 1: private property, Um, but then you're using private property for
Speaker 1: something I have horror. I hate. Well, I don't think
Speaker 1: it should be right for you to do that, But
Speaker 1: I don't want a lot to be passed to make
Speaker 1: it illegal for you to do that, because it's your
Speaker 1: private property and you should have the right to do
Speaker 1: as you see fit. And so I guess it's like this, Uh,
Speaker 1: you're holding these contrasting thoughts in your mind, and maybe
Speaker 1: that's where people have that breakdown. And maybe maybe because
Speaker 1: they don't understand that based truth enough that yes. But
Speaker 1: but then like you know, just to counter that, playing
Speaker 1: devil's advocate is like on the flip side, you know,
Speaker 1: if someone on that side of defense might argue, well,
Speaker 1: we do live in this world of the feat world.
Speaker 1: These guys get an unfair advantage. We're paying for it
Speaker 1: by becoming the surface. How else should we fight for this?
Speaker 1: Should we use the tools of the state to fight
Speaker 1: against the state? You know? So it's like so, so
Speaker 1: there's there's like a question of integrity there's a question
Speaker 1: of there's a question of efficacy, there's a question of
Speaker 1: what works what doesn't work, Like it's and another example
Speaker 1: of this again would be um Twitter banning you. Well,
Speaker 1: they're a private company, they sud have the right for
Speaker 1: refuse service, right and so like, as a business owner,
Speaker 1: I want to retain the right to refuse service to
Speaker 1: whoever I wish, or hire fire whoever I wish. Um,
Speaker 1: but then I'm not happy they're banning people, censoring people.
Speaker 1: And I guess maybe the lines have gotten so muddy
Speaker 1: between the states. Like so this this money system has
Speaker 1: distorted so many things where there's really no way to
Speaker 1: have that discussion or come out with any comparable answer.
Speaker 1: There isn't And and this is why I always come
Speaker 1: back full circle to the only way we solve any
Speaker 1: of this stuff is by first bankrupting state. Like, unless
Speaker 1: we do that, all we're doing is we're in like
Speaker 1: we're in the heat of battle here, Like we're not
Speaker 1: doing anything. It's old tactical bullshit, Like the only strategy
Speaker 1: that works is bankrupt the state. You turn the tap
Speaker 1: off up here, Like if you want to beat an
Speaker 1: enemy at a wall, you don't go and fight the
Speaker 1: enemy consistently. You go blow up their food, you go
Speaker 1: blow up their water supply. They fucked, they finished, you know,
Speaker 1: like this is like age old strategy, like and that's
Speaker 1: what works. And now you stopped feeding the beast. Stop
Speaker 1: feeding the beast. Like we're literally paying out j List
Speaker 1: And I think I said that to you a someone
Speaker 1: whatever it was, but like we're keeping them in business,
Speaker 1: and then we're wondering why they run such a bad business. Yeah,
Speaker 1: And then it almost like pits us against each other
Speaker 1: because now we're arguing over issues that really you're damned
Speaker 1: if you do damned if you don't. Write, Like either
Speaker 1: side of the issue is not a good outcome, of course,
Speaker 1: and so now you and I are at each other
Speaker 1: talking about that and now maybe we're fighting about it
Speaker 1: when really neither answer is good because the problem doesn't
Speaker 1: get solved or get solved a different level exactly exactly.
Speaker 1: And this is what like all that energy, all that stuff,
Speaker 1: like I mean, you know, I love what geoge is
Speaker 1: doing here at the event and everything, but most of
Speaker 1: the people he is speaking at the event, and I say,
Speaker 1: there's a little due respect, but that sitting here talking
Speaker 1: about like suing the Federal Reserve. It's not gonna do
Speaker 1: anything like, don't sue the Federal Reserve. Get your money
Speaker 1: out of this system, you know, take your wealth, take
Speaker 1: your capacity, and move it out. Like, let's talk about that.
Speaker 1: That's a good point to bring up. So UM, So specifically,
Speaker 1: let's talk about one of these issues. For example, so UM,
Speaker 1: the problem with black rock is pricing people out of homes.
Speaker 1: That's kind of an urgent problem, like we need to
Speaker 1: like this needs to be fixed right now because people
Speaker 1: need to go buy homes to live in. Um. Owning
Speaker 1: in private property is one of the base things of
Speaker 1: building an economy. That's important. People should have a home.
Speaker 1: And maybe that's a whole another conversation. But really the
Speaker 1: problem isn't the law of the problem is the FED
Speaker 1: giving them the money. Right, So in that scenario, let's
Speaker 1: not let's not make laws, let's go change the Fed.
Speaker 1: But here's the problem. Going to change the Fed takes
Speaker 1: a really long time. It could be a decade if
Speaker 1: we're lucky before, I don't know, a couple of years whatever.
Speaker 1: If we're lucky before we stop that versus we might
Speaker 1: be able to get a law past in six months.
Speaker 1: So like is it like this multi prong like should
Speaker 1: we wait a decade long term perspective too, to solve
Speaker 1: the problem at its root? Or do we deal with
Speaker 1: it on a more media basis? Okay, so to find
Speaker 1: emergency basis? Okay, what do you mean by solving the
Speaker 1: problem with the FED, Like, do you mean like going
Speaker 1: through day channels to try and solve taking away the money?
Speaker 1: proNT taking away the money print? Yeah? Stop being the beast?
Speaker 1: Yeah so so Yeah, the reality of taking the food
Speaker 1: from the beast is is real, and I believe we'll
Speaker 1: do it, but I believe it's gonna be over a
Speaker 1: long period of time. But we have an immediate need
Speaker 1: right now that a law might be able to fix.
Speaker 1: We might be able to keep the illusion of fixing. Perhaps. Well,
Speaker 1: it fixes the symptom, it treats the symptom. I had heartburn.
Speaker 1: I took an ant acid. It's probably gonna caused more
Speaker 1: problems in my body later, but at least it took
Speaker 1: away the heartburn today. Yeah. Well, this is one of
Speaker 1: those things. It's like, at what point do you draw
Speaker 1: the line? Right? I mean, I don't I don't know,
Speaker 1: I really, I mean, let's let's let's talk through the
Speaker 1: worst case scenary. Let's say we don't do anything, black
Speaker 1: Crow keeps buying houses at overmarket price. What happens then?
Speaker 1: What's the next logan? And they own all the single
Speaker 1: family homes and nobody in America can own a home
Speaker 1: and everybody is a surf on the land renting, okay,
Speaker 1: and then, um, so what happens when the rent can't
Speaker 1: be afforded by black Rock by the people who are
Speaker 1: this surfs? Um, well, then the state will probably subsidize
Speaker 1: that and black Rock will still make its money maybe
Speaker 1: I guess. So people will still get housing that's affordable,
Speaker 1: they just won't own it. M hmm. But as an
Speaker 1: owning private property a key piece of an economy. Yeah.
Speaker 1: But in the world today, I didn't think like whether
Speaker 1: it's black Rock. I mean Australia's PROBA got a bigger
Speaker 1: problem in the U S. And that's that's let's let's
Speaker 1: jump to another one. And I want to be careful
Speaker 1: because it's going to go on YouTube. But we have
Speaker 1: a medical condition going around the world today that may
Speaker 1: or may not be in agreement by a lot of people.
Speaker 1: Will say um, And we have employers today that are
Speaker 1: taking actions against people based off of unsound evidence, um right,
Speaker 1: And so I would like them not to do that.
Speaker 1: So we could pass a law that as business owners
Speaker 1: aren't allowed to take those actions. But then we're taking
Speaker 1: away the rights of business owners to make those actions.
Speaker 1: Or at some point the money print you will dry
Speaker 1: that up and create cause this medical problem to go away.
Speaker 1: But that could be a long time, and now everyone's
Speaker 1: lost their jobs. Look, I spoke about this one, you know,
Speaker 1: when all the discrimination laws were getting put up. It's like,
Speaker 1: you know, what do we do, Like we should stop
Speaker 1: businesses from me able to discriminate against someone. I actually
Speaker 1: think discrimination is healthy, Like I want to discriminate between people.
Speaker 1: I think my friends. I want to discriminate. We do
Speaker 1: everything like that's what I choose. I want to drink,
Speaker 1: and everything we do is discrimination exactly so so so
Speaker 1: that's like discernment is part of you know, human action.
Speaker 1: That that's what we must do. Selecting choosing that is
Speaker 1: that is discrimination. So as much as the evidence in
Speaker 1: all of the garbage that's associated with all this stuff
Speaker 1: is like unsound, we as as human beings must be
Speaker 1: able to discriminate, and a business must be able to
Speaker 1: choose who it wants to hire, and now it doesn't
Speaker 1: want to hire. UM. My point that I made, like
Speaker 1: I use racism as an example in this whole video
Speaker 1: that I did, and what I said was, let's say
Speaker 1: you're a white redneck employer and you are hiring someone
Speaker 1: for a particular role. Hey, sorry to interrupt this video
Speaker 1: just one more time. I'm not running Google ads. So
Speaker 1: it's actually way less interruption than I normally would have
Speaker 1: on a video. UM. And that's because it's sponsored by
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Speaker 1: your bitcoin. Um better than own in a rental property
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Speaker 1: You can just earn interest on it, or you can
Speaker 1: leverage against it. Now, I plan to hold my bitcoin
Speaker 1: forever and literally never sell my bitcoin. So how do
Speaker 1: you do that? Well, if I need money, I don't
Speaker 1: want to sell that bitcoin. I'm gonna pay tax on it,
Speaker 1: all right, I'm gonna end up with less and I
Speaker 1: don't have the bitcoin anymore. So a better way to
Speaker 1: do it is to borrow against the bitcoin. So I've
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Speaker 1: buy a car or I want to buy a house,
Speaker 1: I can borrow against it at very very low competitive rates.
Speaker 1: Get my house, get my car, whatever that may be,
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Speaker 1: Let's go ahead and get back to the interview someone
Speaker 1: who doesn't like them. Why would you even want to
Speaker 1: be there? Like the fact that you know someone is
Speaker 1: forced to like you and forced to hire you based
Speaker 1: on something that they didn't like about, it's actually pathetic.
Speaker 1: So so tying that same pace to this is, you know,
Speaker 1: let businesses not hire the people who don't want to
Speaker 1: be vaxed or whatever, and they can go work somewhere else.
Speaker 1: And that means the people were probably a brain and
Speaker 1: a higher intelligence questions are going to go set up
Speaker 1: their own things. Do their own things like yeah, I
Speaker 1: guess the problem with that is um again, and the
Speaker 1: markets are so distorted that then well then the government's
Speaker 1: going to pressure all the other companies so they can't
Speaker 1: hire people. Um yeah, Like these are these are arguments
Speaker 1: that can't be one because there's no good outcome either way,
Speaker 1: and ultimately it's the system that has to be rebuilt.
Speaker 1: I guess, um. I think it's just hard for most
Speaker 1: people to kind of see down to that level. It
Speaker 1: is and and the question is do we want to
Speaker 1: remain consistent whilst right winning and I actually are on
Speaker 1: the side of let's be consistent. Let that Black Rock
Speaker 1: buy what they want to buy, Let employers fire who
Speaker 1: they want to fire, you know whatever, Like let's just
Speaker 1: let that play out, because it it's not a pretty
Speaker 1: ending either way, and it's about time we stopped creating
Speaker 1: more after effects anyway. We don't need any of that,
Speaker 1: like irrespective, Like the thing is, they're going to fire
Speaker 1: all their good people, they're going to keep all their
Speaker 1: ship people whatever, They'll fire some good people, like, they'll
Speaker 1: they'll keep some good people like whatever. The case is, right,
Speaker 1: it's it's going to be messy, but let's just not
Speaker 1: touch any more things like the more we just back
Speaker 1: off stay consistent, and the more we put our energy
Speaker 1: into literally figuring out ways to opt out and figuring
Speaker 1: out ways to to you know, build communities and figuring
Speaker 1: out ways to become more resilient and self sufficient in
Speaker 1: groups that are aligned, that's where the energy needs to go.
Speaker 1: Like it's almost to play a game of tennis, like
Speaker 1: you need two people, let's just walk off the court, right,
Speaker 1: I think that you just had like resilience, right, And
Speaker 1: so you talk about like working at a job where
Speaker 1: people hate you or don't want you there. Um, that's
Speaker 1: part of the problem that it's become so hard to survive. UM.
Speaker 1: Our money, our currency as has been used as like
Speaker 1: a savings technology, and it's very poor at that, right,
Speaker 1: So it's losing targeted to lose two value per year,
Speaker 1: and that with the incentives to always spend, has forced
Speaker 1: people to a point where there's no savings. And the
Speaker 1: problem without having savings if you don't be So if
Speaker 1: I had six months or a year of living expenses
Speaker 1: saved up and my employer did something I don't agree with,
Speaker 1: I have the ability to walk off that job because
Speaker 1: I have the money for six months or a year
Speaker 1: to go find other options. But when I'm living paycheck
Speaker 1: to paycheck, I'm I'm a servant and they can abuse
Speaker 1: me as they see fit. And again that's back to
Speaker 1: another symptom. That's not right, but it's not caused at
Speaker 1: the symptom level. It's caused because the money is not
Speaker 1: good for savings level, and it gets harder and harder
Speaker 1: to survive at the same time. Yeah, it's look this, this,
Speaker 1: this is the tragedy of the commons in action, like
Speaker 1: this is the tragedy of well, the tragedy of the
Speaker 1: commons is when everybody shares everything, so everybody over abuses everything.
Speaker 1: So how does that fit into this? I mean, I'm
Speaker 1: I'm saying it on a on a more metal level
Speaker 1: in the sense that you know, we we are in
Speaker 1: a world of collectivism, and we've tried to make everything
Speaker 1: public in a common and we've literally eaten each other alive,
Speaker 1: and everything is so mixed that there is it's hard
Speaker 1: to disseminate between what's private property, what's you know, freedom
Speaker 1: of speech, what's the right to refuse, what's the right
Speaker 1: to discriminate? Like it's all just so messy, and we
Speaker 1: will spend decades trying to pull it apart and try
Speaker 1: and figure out what we should do, what we shouldn't do.
Speaker 1: And and this is this is the cancer of progressive law,
Speaker 1: is that you know, you create one thing, you solve
Speaker 1: one problem, you create ten more. Then you have to
Speaker 1: solve ten problems, you create a hundred. And this is
Speaker 1: where we are, like we're literally at the end of
Speaker 1: this path or somewhere near the end of it, where
Speaker 1: the thing is so complex. Now almost anything we do
Speaker 1: is going to break something else. I talked about it
Speaker 1: like a giant oak tree with ten thousand livres, and
Speaker 1: we could pull one leave at a time, and that's
Speaker 1: a problem. And we can talk about every little problem
Speaker 1: on that oak tree. But at the bottom, at the base,
Speaker 1: at the root, there's the money, the money printer. And
Speaker 1: so it's like this ball of yarn you pull one pulls,
Speaker 1: but at the end of that yard, it's like at
Speaker 1: the bottom it's the money printer. Yeah. I mean, another
Speaker 1: analogy could be where you know, we're a patient on
Speaker 1: life support. Now that's like being supported by a hundred
Speaker 1: different drugs, and like each of the drugs also interact
Speaker 1: with each other and it's like, you know, now and
Speaker 1: you've got a new problem. Women, you got to add
Speaker 1: another drug in, but that's gonna like wreck everything else.
Speaker 1: Like we're literally the the economy of the world is
Speaker 1: a patient on its last legs. And in some ways
Speaker 1: it's you know, maybe we just this is why I
Speaker 1: like sort of on Rand really battled with this in
Speaker 1: Atlas Shrug. You know, for a whole book. She's got
Speaker 1: you know, Dagny on one side, who's like the protagonist
Speaker 1: who she wants to stay and fight because she believes
Speaker 1: that the looters should not take over the world, and
Speaker 1: John Gold and the rest of them are like you
Speaker 1: staying and fighting. You think you're doing the right thing,
Speaker 1: but all you're doing is keeping their thing alive. Um,
Speaker 1: you keep it going. And yeah, I like, I mean
Speaker 1: I think of things in like a two prong approach though,
Speaker 1: right where it's like we can fight and resist at
Speaker 1: the same time. So you know, earlier we heard from
Speaker 1: a constitutional attorney talking about doing things through the legal system,
Speaker 1: and the legal system, the political system, the education system,
Speaker 1: the media system. They all seem captured and control, like
Speaker 1: there's really not much we can do there, um, but
Speaker 1: we can win battles of perception and um um. It
Speaker 1: seems that there are some things that we can do
Speaker 1: and it's probably gonna have a little effect, but we
Speaker 1: can fight and we can resist. So that's the opt
Speaker 1: in out right. We can take our money out of
Speaker 1: the system, stop feeding the beast. Um, we can find
Speaker 1: a way to self sustain ourselves so that way we
Speaker 1: can be resilient or resistant to that. So, I don't know,
Speaker 1: I think there's I think there could be a two
Speaker 1: prong approach, but at a multi program pitch. Yeah, So
Speaker 1: like the way I try, and I was having this
Speaker 1: exact conversation with someone, uh the other week or the
Speaker 1: other month or whatever. I said, Bitcoin is the is
Speaker 1: the one percent that you do that has does of
Speaker 1: the damage. That's that's your warhead, right, But there's still
Speaker 1: other things that you need to do, and that's where
Speaker 1: you know, the sovereignty. That's where I mean, what you're
Speaker 1: doing with your channel, what I was doing, you know
Speaker 1: with my Twitter, and but you know what I do
Speaker 1: with my writing and all the other stuff. We are
Speaker 1: still having an impact, you know, and we're still having
Speaker 1: a positive impact on we changing perception, we're educating people.
Speaker 1: Were you know, slapping some sentence to some other, etcetera.
Speaker 1: So that needs to continue. And like I I by
Speaker 1: no means us discount or maybe discredit is probably more.
Speaker 1: I probably do discount it a little bit, but I
Speaker 1: don't discredit that. Like I'm happy for people to go
Speaker 1: and fight that fight because it needs to happen. Where
Speaker 1: I sort of get annoyed is when people do that,
Speaker 1: but at the same time, simultaneous they say, oh, yeah,
Speaker 1: but bitcoin is not gonna do anything like that's just
Speaker 1: complete madness, because that is that's that's the fun, that's
Speaker 1: the nuclear warhead, that's the big thing. So if we
Speaker 1: look if we look at history throughout revolution cycles, which
Speaker 1: I talked about earlier today over over I mean basically
Speaker 1: all of humanity, it's the cycle of oppression revolution, oppression revolution.
Speaker 1: But it's pretty easy to see right now for anybody,
Speaker 1: we're moving into this the suppression stage, right, so peak centralization,
Speaker 1: but not just that, Like the way technology is being developed,
Speaker 1: it almost looks like the perfect prison could be there.
Speaker 1: And I think it's pretty evident to anybody paying attention
Speaker 1: that they see that. Um So what I mean, what
Speaker 1: other options do we have to break that trend? Yeah, um,
Speaker 1: I guess we have to look at what gives them
Speaker 1: the power to build that oppression. It comes back to
Speaker 1: the same thing, right, So look, you know, here's something
Speaker 1: to think about that. I've been doing some thinking on
Speaker 1: this lately. Everyone talks about let's build a decentralized Twitter,
Speaker 1: let's build a decentralize this, to decentralize that, and all
Speaker 1: this stuff. And my argument is that trying to build
Speaker 1: for decentralization is actually a fool's Errand the only thing
Speaker 1: that creates natural decentralization in the world and in nature
Speaker 1: is competition. And what is happening in the world today
Speaker 1: with globalism and with you collectivism, is that it actually
Speaker 1: eliminates competition. Now bitcoin reintroduces competition. So in a bitcoin
Speaker 1: world where you cannot socialize losses and privatized gains, in
Speaker 1: a bitcoin world where anyone at the bottom can earn
Speaker 1: the same type of money that you know, anyone at
Speaker 1: the top zoning, so you've got the capacity to climb
Speaker 1: up society and they've got the capacity to fall. In
Speaker 1: that kind of world, what you end up having is
Speaker 1: you end up getting far more fierce competition, and you
Speaker 1: end up getting you won't get like competition where everyone's even,
Speaker 1: you get the kind of spread. But that's a perfectly organic,
Speaker 1: natural spread. Right. What we have today is a ninety
Speaker 1: nine point nine to zero points zero one, and the
Speaker 1: ninety nine pot nine are all sort of lowering down
Speaker 1: to be completely even um, and the zero point zer
Speaker 1: one is this sort of elevated piece. Yeah, everyone thinks
Speaker 1: that socialism is is fairness, but if you look at
Speaker 1: any socialism or fascist or any of those, um, the
Speaker 1: majority of people are even lee poor. Yes, but then
Speaker 1: the top are extremely rich and so it's even more
Speaker 1: wealth and a qualite. Now the difference is instead of
Speaker 1: it being seventy thirty, now it's or something way more extreme.
Speaker 1: That's the thing or whatever. You can't force people upwards,
Speaker 1: but you can force them down. Verity to exist, we
Speaker 1: might and it must be it must be dynamic. And
Speaker 1: this sort of comes back to, like I wanted to
Speaker 1: finish up the point of like um, equality of outcoming,
Speaker 1: quality of opportunity and equalities like in general is bitcoin
Speaker 1: gives us a quality of opportunity because those at the
Speaker 1: bottom have the capacity to climb, Like everyone has the
Speaker 1: opportunity to climb exactly, and everyone also has the opportunity
Speaker 1: to fall, and it's even across the board, like you
Speaker 1: can fall as much as you can climb. And then
Speaker 1: that creates more competitive pressure in society. It creates more
Speaker 1: competitive upward pressure, and it actually creates a corrective mechanism
Speaker 1: on the way down because you don't have a safety net.
Speaker 1: You're not going to be lied to, implacated that you know,
Speaker 1: it's okay to have nothing in blah blah blah. Right,
Speaker 1: So what we end up getting is we get dynamic inequality,
Speaker 1: which is far more natural in society. You know, you
Speaker 1: get you get the growth, you get the correction, you
Speaker 1: get the ups and downs. But it's um, it's able
Speaker 1: to do it itself without what we have in today
Speaker 1: in the field society is actually we have fixed inequality.
Speaker 1: If you're poor, if you're at the bottom, you can't
Speaker 1: climb no matter what you do. Like, the more you work,
Speaker 1: the more you get inflated away, the more you get taxed,
Speaker 1: the more you lose what you have. And if you're
Speaker 1: at the top, simultaneously you can socialize all your losses,
Speaker 1: you can privatize all your gains. And then us idiots
Speaker 1: in the middle who are in the upper and middle,
Speaker 1: lower middle and upper middle class. We pay for both,
Speaker 1: and but we're all fixed. We're stuck there. So so
Speaker 1: we actually live in a class system today, no different
Speaker 1: than the feudal system. In fact, probably worse because it's
Speaker 1: more insidious. Where bitcoin creates, we still have classes and bitcoin,
Speaker 1: you know, we'll have poor, will have you, lower middle class,
Speaker 1: up middle class, will have all of that. But the
Speaker 1: membranes that separate the classes, they're permeable. People will be
Speaker 1: able to move up and down them. And then, to
Speaker 1: say fairness too, is that nobody can control it. So
Speaker 1: the Fiat money system is unfair because the people that
Speaker 1: can push the button have an unfair advantage. They give
Speaker 1: it to their friends, which gives them a freak advantage. Um,
Speaker 1: so the fact that you own the most of it
Speaker 1: doesn't make it unfair. It's the fact that nobody can
Speaker 1: control it or create more for themselves and their friends
Speaker 1: that creates that fair systems. And so then we're stuck
Speaker 1: back to the way the world should work, which is
Speaker 1: people ask me, well, how are the poor people supposed
Speaker 1: to get it? And they say, well, by providing value
Speaker 1: to those that have it in exchange. Correct, Yeah, So,
Speaker 1: so if you in the future and you just nailed
Speaker 1: it in the future. If you're a person with no
Speaker 1: bitcoin because you were too um like ginger On, the
Speaker 1: people who are going to have no bitcoin in the
Speaker 1: future are going to fall in a couple of categories.
Speaker 1: They were too dumb, they were too ignorant, they were
Speaker 1: too arrogant, or they genuinely didn't have any access to it,
Speaker 1: or they weren't born. You know, so so they were
Speaker 1: born and they're young, right, so so somewhere in those
Speaker 1: five categories. Now you can stay dumb, ignorant, and arrogant
Speaker 1: if you want um or if you're in the other
Speaker 1: two categories where you weren't born, you were too young,
Speaker 1: or you just ennuinely didn't hear about it or have
Speaker 1: access to getting any then you go and work like
Speaker 1: you have two options. You either go and work for
Speaker 1: the ship money that you're being paid like you know,
Speaker 1: the f F funny money, or you're gonna work for
Speaker 1: bitcoin and you start accumulating bitcoin. You figure out a
Speaker 1: business or service of products, something to provide, and you
Speaker 1: accumulate bitcoin. But the beauty this time is that you
Speaker 1: can actually keep your wealth and know that it's not
Speaker 1: going to be leached by somebody and simultaneously everybody else
Speaker 1: that's creating wealth in the world. Because bitcoin will measure
Speaker 1: everything and there's a fixed amount. As we produce more
Speaker 1: as a planet each the purchasing power of the bitcoin
Speaker 1: actually grows. It's like holding an et f on human productivity.
Speaker 1: So you will benefit in two ways. Your your own
Speaker 1: bitcoin will appreciate in wealth, and you'll continue to compound
Speaker 1: how much bitcoin you have, you know, and then that
Speaker 1: sort of eliminates all this stuff, like you know how
Speaker 1: the fiat model works, like holding getting interest from a
Speaker 1: bank that won't exist anymore because the interest will be
Speaker 1: the increase in you're purchasing power of the bitcoin. So
Speaker 1: you want to just story bitcoin you don't needs interesting,
Speaker 1: So so it actually changes so many things that we
Speaker 1: think are normal today that it's just going to not exist. Yeah,
Speaker 1: So if a purchasing power of my bitcoin increases, I
Speaker 1: don't need to go get interest. Interest is increasing my
Speaker 1: purchasing power. That's the hope, the hope. Yeah, well, interesting,
Speaker 1: Well that's good stuff. Hopefully that helps it helps to
Speaker 1: learn how to think through things. Um, the human body
Speaker 1: is a complex system, just like the world and the economy.
Speaker 1: Of a complex system. So you can't treat symptoms, you
Speaker 1: have to treat the system. Um, so some good stuff.
Speaker 1: Alex is a deep thinker. If you haven't noticed, he
Speaker 1: writes some really good papers. Has one out recently. We'll
Speaker 1: make sure to link to it in the show notes
Speaker 1: down below. Um, anything else you want to say, dude? Um? Yeah,
Speaker 1: I mean if people want to find my new Twitter account,
Speaker 1: ghost of Yeah, the ghost of Fetsky. He got he
Speaker 1: got censored on a Twitter for speaking truth. We have
Speaker 1: to make sure we'll link to that on the show
Speaker 1: notes as well. That we're gonna to wrap it up.
Speaker 1: Hopefully that is giving you a little bit of insight. Um,
Speaker 1: always look deeper, stop looking too symptoms, look for the cures,
Speaker 1: and then fight to cure those things and trust they
Speaker 1: consistent and try that's very consistent. That's very difficult. Um,
Speaker 1: let's say all right, thanks to