WEBVTT - Ways To Think Through Critical Issues | Aleks Svetski 0:00:01.920 --> 0:00:16.200 M hey everyone, welcome to the episode of The Market 0:00:16.200 --> 0:00:19.800 Disruptor Show. Today we are live in action. I'm actually 0:00:19.840 --> 0:00:21.560 on a World Win two. I'm at the fourth conference 0:00:21.560 --> 0:00:23.520 i've been at in ten days. A lot of it's 0:00:23.520 --> 0:00:26.000 been spent with my good friend Alex Fetski here. I've 0:00:26.160 --> 0:00:28.880 had him on the show one time before, and he is, uh, 0:00:29.200 --> 0:00:31.160 he's a deep thinker. He's someone that's really spent a 0:00:31.160 --> 0:00:34.080 lot of time to think things through, um, from multiple 0:00:34.159 --> 0:00:36.800 different angles and so um it's someone like to sit 0:00:36.840 --> 0:00:39.000 down with and bounce ideas off of as I kind 0:00:39.000 --> 0:00:41.479 of work through things myself. So anyway, welcome back to 0:00:41.520 --> 0:00:43.559 the show, Alex, Thank you man, and I appreciate the 0:00:43.560 --> 0:00:47.479 comment as usual. Yeah yeah, So, UM, we're gonna dig 0:00:47.479 --> 0:00:50.320 into some stuff today. UM that kind of maybe carries 0:00:50.360 --> 0:00:53.199 from our first interview that we did, and it might 0:00:53.240 --> 0:00:54.920 be a little bit different than the information I bring 0:00:54.920 --> 0:00:56.840 to you on a regular basis. So don't turn this 0:00:56.880 --> 0:01:00.160 off just yet, because it's something that's super important and 0:01:00.360 --> 0:01:02.800 what I want to talk about today is ways to 0:01:02.920 --> 0:01:06.600 think through critical issues. Um. It's something that's very lacking 0:01:06.840 --> 0:01:09.560 that we have today. Um, we're in this like instant 0:01:09.560 --> 0:01:12.720 gratification where where everybody wants to read the headline and 0:01:12.720 --> 0:01:15.360 then draw a conclusion. Right. But I get comments on 0:01:15.400 --> 0:01:17.400 my videos. I'm taking complex subjects stealing them down in 0:01:17.440 --> 0:01:19.600 twenty minutes, and people are like, give me the headline. 0:01:19.640 --> 0:01:22.040 I'm like, dude, you can't understand the deep subject, right, 0:01:22.080 --> 0:01:25.039 and so, UM, a couple of things that I'm thinking 0:01:25.080 --> 0:01:27.920 through and you can help me with this is just like, um, 0:01:27.959 --> 0:01:30.440 maybe like some sort of a structure or a sequence 0:01:31.120 --> 0:01:35.399 that could help people see through headlines and get to 0:01:36.280 --> 0:01:38.240 a priori truths as you call them, right or as 0:01:38.240 --> 0:01:41.319 they're called or first principles. And so here's something that 0:01:41.360 --> 0:01:44.560 I'm kind of having conversations with a lot about. And 0:01:46.120 --> 0:01:50.920 there's so much distortion in the markets today, UM that 0:01:50.960 --> 0:01:53.920 a lot of times we get stuck making arguments at 0:01:54.040 --> 0:01:58.920 levels that we shouldn't be discussing things. UM. An example 0:01:59.000 --> 0:02:01.840 of this would be, UM, the news breaking out right 0:02:01.880 --> 0:02:04.200 now is Black Rock is buying all the homes up 0:02:04.720 --> 0:02:08.320 and they're stealing the American dream from young couples and 0:02:08.400 --> 0:02:10.960 forcing them into serfdom. Now they have to rent. They're 0:02:11.000 --> 0:02:15.320 buying them for thirty five over market value because they've 0:02:15.360 --> 0:02:18.280 been given free money from the FED. I had nine 0:02:18.680 --> 0:02:22.560 comments on my video saying this is wrong, this is horrible, 0:02:23.400 --> 0:02:26.440 should be illegal, and I agree, but I don't believe 0:02:26.480 --> 0:02:28.040 there should be a law, Like why don't we just 0:02:28.080 --> 0:02:29.679 take away the money printer that gives them the money 0:02:29.680 --> 0:02:31.920 in the first place. So there's lots of arguments that 0:02:31.960 --> 0:02:34.120 we can make on these We can talk about masks. 0:02:34.200 --> 0:02:36.280 Is that the right argument to makes? Tell me what 0:02:36.400 --> 0:02:40.200 do you think about that? Well, like you said, it's 0:02:40.240 --> 0:02:42.799 it's an argument on the wrong level. So the most 0:02:42.800 --> 0:02:45.320 important thing with all of this stuff is trying to 0:02:45.360 --> 0:02:48.919 find a consistent thread because like, if you keep flip 0:02:48.919 --> 0:02:52.280 flopping on morals and principles, it's like I'm for freedom 0:02:52.280 --> 0:02:55.440 of speech, um, and I'm for private property. But like 0:02:55.520 --> 0:02:57.799 that crazy lady that jumped up on stage when Jack 0:02:58.000 --> 0:03:00.760 was speaking speaking, so like I didn't see that, but like, 0:03:00.840 --> 0:03:02.560 you know, someone told me the background story with her, 0:03:02.600 --> 0:03:04.960 and she's like, you know, chained herself like to the 0:03:04.960 --> 0:03:10.320 Twitter headquarters in whatever. There's some jobs out there. But 0:03:10.919 --> 0:03:18.079 the thing is that it's symptomatic thinking versus causal thinking, right, 0:03:18.080 --> 0:03:19.720 so so so that they're trying to deal with the 0:03:19.800 --> 0:03:22.680 symptom and they're saying that's the problem, whereas there's a 0:03:22.720 --> 0:03:25.720 cause back upstream that no one's talking about and no 0:03:25.720 --> 0:03:29.119 one's trying to deal with. And this is where sort 0:03:29.120 --> 0:03:32.200 of bitcoin is differentiate from a lot of other people, 0:03:32.280 --> 0:03:36.000 is that, you know, we've spent time thinking about how 0:03:36.000 --> 0:03:38.200 to remain consistent. In the process of trying to remain 0:03:38.240 --> 0:03:42.120 consistent with our arguments, we've realized that upstream, a lot 0:03:42.160 --> 0:03:45.680 of the problems happen here, and then you get these symptomatic, 0:03:46.720 --> 0:03:51.080 weird after effects that occur in society, like the black 0:03:51.200 --> 0:03:55.080 rocks buying things like you know, tech oligopolies like the 0:03:55.120 --> 0:03:57.080 only reason. So I've got to finish this article at 0:03:57.080 --> 0:04:00.000 some stage, but I'm writing the Rise of the technolgragy 0:04:00.040 --> 0:04:02.720 Dic Leviathan, and the point of that article is about 0:04:03.920 --> 0:04:08.760 how the fact that a monopoly on money existed, like 0:04:08.800 --> 0:04:14.480 the fact that a state exists, actually that institution or 0:04:14.480 --> 0:04:19.560 that organization gave rise to the technocratical Leviathans that are 0:04:19.560 --> 0:04:23.640 taking over now Google's, the Facebook, etcetera. And why they 0:04:25.800 --> 0:04:29.400 Capitalism sort of is like this this energy that you know, 0:04:29.440 --> 0:04:33.359 all free markets kind of permeate all existence, like we 0:04:33.440 --> 0:04:35.080 assume beings. All we do is we know, we take 0:04:35.080 --> 0:04:38.039 out time and energy, we take natural resources, and we 0:04:38.080 --> 0:04:40.119 actually do something with these things. So so we're always 0:04:40.160 --> 0:04:43.760 producing something. So you can't actually rip that out of society. 0:04:43.760 --> 0:04:46.720 But you know, in some societies where that is um 0:04:47.920 --> 0:04:50.560 you know, more functional, you get more progress, etcetera. But 0:04:51.440 --> 0:04:55.719 innovation always occurs. Capitalism is always occurring. Now when you 0:04:56.080 --> 0:05:02.160 couple that with a system where you can you know, 0:05:02.279 --> 0:05:05.560 you can shift the what what can we call it 0:05:05.640 --> 0:05:10.919 the resource allocation uh in favor of one group to 0:05:11.000 --> 0:05:15.320 another by decree, not through competitive Hey guys, let me 0:05:15.360 --> 0:05:17.839 just interrupt this interview real quick, just to plug the 0:05:17.880 --> 0:05:21.159 show sponsor, and that is Block five. Now. Block five 0:05:21.320 --> 0:05:24.760 is doing amazing things in the bitcoin finance space. As 0:05:24.760 --> 0:05:26.640 a matter of fact, they've cracked some really big news 0:05:26.640 --> 0:05:29.600 by bringing on the x c f TC UM chair 0:05:29.680 --> 0:05:32.760 Chris gian Carlo Um. And they are one of the 0:05:32.760 --> 0:05:36.719 most transparent, most heavily regulated UM companies inside the United States, 0:05:36.760 --> 0:05:39.080 which gives me a lot of trust into what their 0:05:39.120 --> 0:05:41.640 services are. Now, I've recently did a video talking about 0:05:41.720 --> 0:05:44.880 how to retire off bitcoin, and you can do that 0:05:44.960 --> 0:05:48.640 by leveraging debt and interest against bitcoin. And Block five 0:05:49.120 --> 0:05:51.800 is the number one company in the United States or 0:05:51.839 --> 0:05:54.320 maybe in the world to go to and use UM. 0:05:54.600 --> 0:05:56.760 They are leading the charges there, paying interest on your 0:05:56.760 --> 0:05:58.680 bitcoin if you park it with them, or you can 0:05:58.720 --> 0:06:01.000 borrow against it. Now, as I broke down in that video, 0:06:01.200 --> 0:06:03.600 you can borrow against your bitcoin, and when you take 0:06:03.680 --> 0:06:06.760 debt against it, it's not taxable. It's not a taxable event. 0:06:06.920 --> 0:06:08.440 You can use that debt for anything that you want, 0:06:08.480 --> 0:06:11.000 including to live off of, to leverage up and buy more, 0:06:11.120 --> 0:06:13.479 or roll it into another asset. UM you can do 0:06:13.560 --> 0:06:16.000 something like I've done recently, like sell some real estate 0:06:16.200 --> 0:06:19.000 put that money into bitcoin. Now as that bitcoin price 0:06:19.040 --> 0:06:21.200 has risen, I'm able to borrow against it and go 0:06:21.279 --> 0:06:23.640 back and buy the same real estate or something similar, 0:06:23.800 --> 0:06:26.839 and I still own the bitcoin, and I also own 0:06:26.920 --> 0:06:28.920 the new asset as well. Lots of ways you can 0:06:28.960 --> 0:06:31.520 do this. UM and block five is the company that 0:06:31.600 --> 0:06:34.000 I recommend. Down in the description, I have a link 0:06:34.040 --> 0:06:35.720 that you can click on. If you choose to use 0:06:35.720 --> 0:06:37.479 that link, you can earn up the two fifty dollars 0:06:37.520 --> 0:06:40.000 in bitcoin just for using that link. So check out 0:06:40.000 --> 0:06:45.039 block by now. UM not through competition. You get a 0:06:45.080 --> 0:06:49.240 situation where as you're doing it You'll still going to 0:06:49.320 --> 0:06:52.240 want to bet on the most competitive that's that's out there, 0:06:52.279 --> 0:06:56.679 the most innovative, but you create a flywheel effect where 0:06:57.720 --> 0:07:02.039 the couple that are ahead, you're going to give them, 0:07:02.080 --> 0:07:05.120 you know, nitrous ox side, whereas everybody else is not 0:07:05.160 --> 0:07:07.480 going to have it. So you'll end up creating an 0:07:07.480 --> 0:07:11.040 oligopoly around the States. So that's why you know you've 0:07:11.040 --> 0:07:13.640 got your companies like you de pontr fires Is, your Googles, 0:07:13.640 --> 0:07:15.840 your Microsoft, and all of this, because they are the 0:07:15.840 --> 0:07:20.120 beneficiaries of cheap money printing. They are the beneficiaries of 0:07:20.160 --> 0:07:22.080 all of our four oh one case, they are the 0:07:22.120 --> 0:07:25.920 beneficiaries of all of the excessive money that gets dumped 0:07:25.920 --> 0:07:28.120 on Wall Street and everything. So they end up with 0:07:28.280 --> 0:07:31.320 all the money, all the resources, and they can do 0:07:32.000 --> 0:07:35.000 stuff that no smaller competitor can do because they've got 0:07:35.040 --> 0:07:37.600 all of this extra money that they shouldn't have had 0:07:37.600 --> 0:07:40.120 in the first place. But again it's it's an upstream problem. 0:07:40.200 --> 0:07:45.560 Likewise with black Rock and trying to solve the trying 0:07:45.600 --> 0:07:48.440 to fix the symptom, all it's going to do is 0:07:48.480 --> 0:07:52.840 create another set of problems. Is the Cobra effect that 0:07:52.920 --> 0:07:56.720 which we spoke about last time. So so we have 0:07:56.920 --> 0:07:58.960 to like and this is where the stoicism of a 0:07:58.960 --> 0:08:02.800 big poin of really comes in into place. Like as 0:08:02.880 --> 0:08:04.720 much as we might be angry about all of these things, 0:08:04.760 --> 0:08:06.960 I mean, look, I'm a example, I got sense It 0:08:07.040 --> 0:08:09.880 on like I got perma Band off Twitter for nothing, 0:08:10.240 --> 0:08:13.120 like for calling someone a skank, you know, like wow, 0:08:13.480 --> 0:08:15.880 but perma band for something, you know, I spent three 0:08:15.960 --> 0:08:17.440 or four years to build up you know, like a 0:08:17.800 --> 0:08:21.600 like it was a really good profile. Now it's right 0:08:21.680 --> 0:08:23.760 to do that. I'm not angry about that. I'm you know, 0:08:23.760 --> 0:08:26.040 maybe piste off about like the vote police element of it, 0:08:26.080 --> 0:08:28.040 but you know whatever, it's their right to do so. 0:08:28.160 --> 0:08:31.440 But that's not where the problem is. The problem is upstream. 0:08:31.480 --> 0:08:33.600 So I'm wondering if you have some sort of a 0:08:33.640 --> 0:08:37.080 thought process that helps you get down to that level. 0:08:37.120 --> 0:08:41.560 So for example, using the block rock thing as an example, so, um, 0:08:41.600 --> 0:08:45.360 they're buying up homes over, they're putting in single family 0:08:45.559 --> 0:08:48.040 people into serfdom. Now they have to rent. People are 0:08:48.080 --> 0:08:50.760 mad and people tell me that we should pass laws 0:08:50.840 --> 0:08:53.360 to make that illegal. And that's like that seems like 0:08:53.360 --> 0:08:56.240 a knee jerk reaction. As you said, treating the symptom. 0:08:56.320 --> 0:08:58.720 So do you have some sort of a framework that 0:08:58.760 --> 0:09:01.320 maybe like do you just ask why a bunch of times? 0:09:01.440 --> 0:09:04.240 Or like, um, how does the average person that doesn't 0:09:04.280 --> 0:09:07.200 really understand let's get to that level? I mean, is 0:09:07.200 --> 0:09:10.000 there any way to do that? It's I guess this 0:09:10.040 --> 0:09:12.040 is where the first principles that we spoke about last 0:09:12.080 --> 0:09:14.080 time really matter, right, So it's like, you know, what 0:09:14.080 --> 0:09:16.920 what matters to you and let's maybe let's maybe listening. So, like, 0:09:17.400 --> 0:09:21.319 you know, do you believe in private property like that 0:09:21.360 --> 0:09:24.240 which is yours? You should have the right to do 0:09:24.360 --> 0:09:28.200 what you want with um and you know the limitation 0:09:28.440 --> 0:09:31.160 or the boundary of that is not to encroach upon, 0:09:31.360 --> 0:09:33.480 you know, what somebody can do with their own private property. 0:09:33.559 --> 0:09:35.480 So you know, so that that's something you know, I 0:09:35.559 --> 0:09:38.640 think we can all largely agree with, unless you're two 0:09:38.679 --> 0:09:41.440 year older socialist as a safe could say. You know, 0:09:41.480 --> 0:09:43.960 another thing would be you know, the freedom or speech 0:09:44.040 --> 0:09:46.719 like that, the right to think and say that what 0:09:46.880 --> 0:09:49.320 you believe. So we agree with that. So it's about 0:09:49.360 --> 0:09:51.440 kind of finding like, you know, what what else do 0:09:51.440 --> 0:09:56.160 you think could be? Um? You know, I think I 0:09:56.200 --> 0:09:58.120 think I think that's good. Right, So if you think 0:09:58.160 --> 0:10:01.240 about it where you have like these I guess you 0:10:01.280 --> 0:10:04.079 have to have this this understanding of based truth. So 0:10:04.200 --> 0:10:06.840 private property for example, right, so if I believe in 0:10:06.920 --> 0:10:10.920 private property, Um, but then you're using private property for 0:10:11.000 --> 0:10:14.320 something I have horror. I hate. Well, I don't think 0:10:14.320 --> 0:10:18.760 it should be right for you to do that, But 0:10:18.800 --> 0:10:21.079 I don't want a lot to be passed to make 0:10:21.120 --> 0:10:23.040 it illegal for you to do that, because it's your 0:10:23.080 --> 0:10:24.800 private property and you should have the right to do 0:10:24.880 --> 0:10:27.560 as you see fit. And so I guess it's like this, Uh, 0:10:27.880 --> 0:10:31.440 you're holding these contrasting thoughts in your mind, and maybe 0:10:31.440 --> 0:10:34.640 that's where people have that breakdown. And maybe maybe because 0:10:34.640 --> 0:10:39.520 they don't understand that based truth enough that yes. But 0:10:39.520 --> 0:10:42.080 but then like you know, just to counter that, playing 0:10:42.080 --> 0:10:44.199 devil's advocate is like on the flip side, you know, 0:10:44.240 --> 0:10:47.040 if someone on that side of defense might argue, well, 0:10:47.160 --> 0:10:49.080 we do live in this world of the feat world. 0:10:49.520 --> 0:10:53.480 These guys get an unfair advantage. We're paying for it 0:10:53.520 --> 0:10:56.080 by becoming the surface. How else should we fight for this? 0:10:56.120 --> 0:10:59.080 Should we use the tools of the state to fight 0:10:59.120 --> 0:11:01.360 against the state? You know? So it's like so, so 0:11:01.360 --> 0:11:04.240 there's there's like a question of integrity there's a question 0:11:04.320 --> 0:11:07.000 of there's a question of efficacy, there's a question of 0:11:07.040 --> 0:11:11.960 what works what doesn't work, Like it's and another example 0:11:12.040 --> 0:11:18.280 of this again would be um Twitter banning you. Well, 0:11:18.280 --> 0:11:19.760 they're a private company, they sud have the right for 0:11:19.800 --> 0:11:23.440 refuse service, right and so like, as a business owner, 0:11:23.760 --> 0:11:26.160 I want to retain the right to refuse service to 0:11:26.200 --> 0:11:30.360 whoever I wish, or hire fire whoever I wish. Um, 0:11:30.400 --> 0:11:33.520 but then I'm not happy they're banning people, censoring people. 0:11:34.280 --> 0:11:36.400 And I guess maybe the lines have gotten so muddy 0:11:36.559 --> 0:11:39.840 between the states. Like so this this money system has 0:11:39.880 --> 0:11:43.440 distorted so many things where there's really no way to 0:11:43.920 --> 0:11:46.960 have that discussion or come out with any comparable answer. 0:11:47.280 --> 0:11:49.720 There isn't And and this is why I always come 0:11:49.800 --> 0:11:52.480 back full circle to the only way we solve any 0:11:52.520 --> 0:11:55.760 of this stuff is by first bankrupting state. Like, unless 0:11:55.800 --> 0:11:58.959 we do that, all we're doing is we're in like 0:11:59.000 --> 0:12:00.880 we're in the heat of battle here, Like we're not 0:12:01.000 --> 0:12:03.840 doing anything. It's old tactical bullshit, Like the only strategy 0:12:03.840 --> 0:12:07.240 that works is bankrupt the state. You turn the tap 0:12:07.280 --> 0:12:09.040 off up here, Like if you want to beat an 0:12:09.120 --> 0:12:11.320 enemy at a wall, you don't go and fight the 0:12:11.400 --> 0:12:13.640 enemy consistently. You go blow up their food, you go 0:12:13.720 --> 0:12:16.920 blow up their water supply. They fucked, they finished, you know, 0:12:17.000 --> 0:12:21.040 like this is like age old strategy, like and that's 0:12:21.080 --> 0:12:23.240 what works. And now you stopped feeding the beast. Stop 0:12:23.280 --> 0:12:25.760 feeding the beast. Like we're literally paying out j List 0:12:25.880 --> 0:12:27.680 And I think I said that to you a someone 0:12:27.720 --> 0:12:31.400 whatever it was, but like we're keeping them in business, 0:12:31.720 --> 0:12:36.720 and then we're wondering why they run such a bad business. Yeah, 0:12:36.800 --> 0:12:39.200 And then it almost like pits us against each other 0:12:39.280 --> 0:12:43.720 because now we're arguing over issues that really you're damned 0:12:43.760 --> 0:12:45.959 if you do damned if you don't. Write, Like either 0:12:46.040 --> 0:12:49.200 side of the issue is not a good outcome, of course, 0:12:49.400 --> 0:12:51.080 and so now you and I are at each other 0:12:51.440 --> 0:12:55.280 talking about that and now maybe we're fighting about it 0:12:55.600 --> 0:12:59.040 when really neither answer is good because the problem doesn't 0:12:59.040 --> 0:13:01.360 get solved or get solved a different level exactly exactly. 0:13:01.400 --> 0:13:03.920 And this is what like all that energy, all that stuff, 0:13:04.000 --> 0:13:05.679 like I mean, you know, I love what geoge is 0:13:05.720 --> 0:13:07.280 doing here at the event and everything, but most of 0:13:07.320 --> 0:13:08.959 the people he is speaking at the event, and I say, 0:13:08.960 --> 0:13:10.880 there's a little due respect, but that sitting here talking 0:13:10.920 --> 0:13:15.720 about like suing the Federal Reserve. It's not gonna do 0:13:15.720 --> 0:13:19.600 anything like, don't sue the Federal Reserve. Get your money 0:13:19.679 --> 0:13:22.240 out of this system, you know, take your wealth, take 0:13:22.280 --> 0:13:25.520 your capacity, and move it out. Like, let's talk about that. 0:13:25.520 --> 0:13:28.960 That's a good point to bring up. So UM, So specifically, 0:13:29.000 --> 0:13:31.719 let's talk about one of these issues. For example, so UM, 0:13:31.720 --> 0:13:34.640 the problem with black rock is pricing people out of homes. 0:13:35.440 --> 0:13:37.360 That's kind of an urgent problem, like we need to 0:13:37.440 --> 0:13:39.480 like this needs to be fixed right now because people 0:13:39.520 --> 0:13:42.439 need to go buy homes to live in. Um. Owning 0:13:42.480 --> 0:13:44.800 in private property is one of the base things of 0:13:44.840 --> 0:13:47.640 building an economy. That's important. People should have a home. 0:13:47.679 --> 0:13:51.280 And maybe that's a whole another conversation. But really the 0:13:51.280 --> 0:13:53.080 problem isn't the law of the problem is the FED 0:13:53.120 --> 0:13:57.240 giving them the money. Right, So in that scenario, let's 0:13:57.280 --> 0:13:59.920 not let's not make laws, let's go change the Fed. 0:14:00.040 --> 0:14:03.000 But here's the problem. Going to change the Fed takes 0:14:03.040 --> 0:14:05.880 a really long time. It could be a decade if 0:14:05.920 --> 0:14:08.720 we're lucky before, I don't know, a couple of years whatever. 0:14:08.760 --> 0:14:12.000 If we're lucky before we stop that versus we might 0:14:12.040 --> 0:14:13.960 be able to get a law past in six months. 0:14:14.679 --> 0:14:17.520 So like is it like this multi prong like should 0:14:17.520 --> 0:14:21.320 we wait a decade long term perspective too, to solve 0:14:21.360 --> 0:14:23.880 the problem at its root? Or do we deal with 0:14:23.920 --> 0:14:26.720 it on a more media basis? Okay, so to find 0:14:27.120 --> 0:14:31.520 emergency basis? Okay, what do you mean by solving the 0:14:31.520 --> 0:14:33.160 problem with the FED, Like, do you mean like going 0:14:33.200 --> 0:14:35.720 through day channels to try and solve taking away the money? 0:14:35.720 --> 0:14:38.000 proNT taking away the money print? Yeah? Stop being the beast? 0:14:38.080 --> 0:14:40.280 Yeah so so Yeah, the reality of taking the food 0:14:40.320 --> 0:14:42.720 from the beast is is real, and I believe we'll 0:14:42.760 --> 0:14:43.960 do it, but I believe it's gonna be over a 0:14:44.000 --> 0:14:46.360 long period of time. But we have an immediate need 0:14:46.480 --> 0:14:48.440 right now that a law might be able to fix. 0:14:51.000 --> 0:14:54.880 We might be able to keep the illusion of fixing. Perhaps. Well, 0:14:54.920 --> 0:14:58.280 it fixes the symptom, it treats the symptom. I had heartburn. 0:14:58.360 --> 0:15:00.840 I took an ant acid. It's probably gonna caused more 0:15:00.880 --> 0:15:03.080 problems in my body later, but at least it took 0:15:03.120 --> 0:15:05.000 away the heartburn today. Yeah. Well, this is one of 0:15:05.000 --> 0:15:06.560 those things. It's like, at what point do you draw 0:15:06.640 --> 0:15:08.640 the line? Right? I mean, I don't I don't know, 0:15:08.960 --> 0:15:12.520 I really, I mean, let's let's let's talk through the 0:15:12.520 --> 0:15:14.880 worst case scenary. Let's say we don't do anything, black 0:15:14.920 --> 0:15:18.320 Crow keeps buying houses at overmarket price. What happens then? 0:15:18.880 --> 0:15:20.640 What's the next logan? And they own all the single 0:15:20.680 --> 0:15:23.000 family homes and nobody in America can own a home 0:15:23.040 --> 0:15:26.000 and everybody is a surf on the land renting, okay, 0:15:26.080 --> 0:15:31.000 and then, um, so what happens when the rent can't 0:15:31.000 --> 0:15:34.840 be afforded by black Rock by the people who are 0:15:35.160 --> 0:15:39.760 this surfs? Um, well, then the state will probably subsidize 0:15:39.800 --> 0:15:43.360 that and black Rock will still make its money maybe 0:15:43.400 --> 0:15:48.440 I guess. So people will still get housing that's affordable, 0:15:48.960 --> 0:15:51.920 they just won't own it. M hmm. But as an 0:15:51.920 --> 0:15:56.120 owning private property a key piece of an economy. Yeah. 0:15:56.160 --> 0:15:58.520 But in the world today, I didn't think like whether 0:15:58.520 --> 0:16:00.480 it's black Rock. I mean Australia's PROBA got a bigger 0:16:00.480 --> 0:16:03.120 problem in the U S. And that's that's let's let's 0:16:03.200 --> 0:16:04.640 jump to another one. And I want to be careful 0:16:04.680 --> 0:16:06.840 because it's going to go on YouTube. But we have 0:16:07.000 --> 0:16:10.040 a medical condition going around the world today that may 0:16:10.120 --> 0:16:14.600 or may not be in agreement by a lot of people. 0:16:14.640 --> 0:16:18.200 Will say um, And we have employers today that are 0:16:18.200 --> 0:16:23.560 taking actions against people based off of unsound evidence, um right, 0:16:23.640 --> 0:16:26.640 And so I would like them not to do that. 0:16:26.960 --> 0:16:28.920 So we could pass a law that as business owners 0:16:28.960 --> 0:16:31.480 aren't allowed to take those actions. But then we're taking 0:16:31.520 --> 0:16:35.320 away the rights of business owners to make those actions. 0:16:35.480 --> 0:16:38.640 Or at some point the money print you will dry 0:16:38.640 --> 0:16:42.320 that up and create cause this medical problem to go away. 0:16:42.520 --> 0:16:43.880 But that could be a long time, and now everyone's 0:16:43.880 --> 0:16:47.560 lost their jobs. Look, I spoke about this one, you know, 0:16:47.560 --> 0:16:49.960 when all the discrimination laws were getting put up. It's like, 0:16:50.000 --> 0:16:51.880 you know, what do we do, Like we should stop 0:16:51.960 --> 0:16:54.440 businesses from me able to discriminate against someone. I actually 0:16:54.440 --> 0:16:59.880 think discrimination is healthy, Like I want to discriminate between people. 0:17:00.080 --> 0:17:02.240 I think my friends. I want to discriminate. We do 0:17:02.280 --> 0:17:04.720 everything like that's what I choose. I want to drink, 0:17:06.400 --> 0:17:08.919 and everything we do is discrimination exactly so so so 0:17:08.960 --> 0:17:12.440 that's like discernment is part of you know, human action. 0:17:12.560 --> 0:17:15.600 That that's what we must do. Selecting choosing that is 0:17:15.680 --> 0:17:21.919 that is discrimination. So as much as the evidence in 0:17:21.960 --> 0:17:24.280 all of the garbage that's associated with all this stuff 0:17:24.320 --> 0:17:32.480 is like unsound, we as as human beings must be 0:17:32.560 --> 0:17:35.600 able to discriminate, and a business must be able to 0:17:35.640 --> 0:17:37.520 choose who it wants to hire, and now it doesn't 0:17:37.520 --> 0:17:40.120 want to hire. UM. My point that I made, like 0:17:40.320 --> 0:17:42.440 I use racism as an example in this whole video 0:17:42.440 --> 0:17:46.360 that I did, and what I said was, let's say 0:17:46.480 --> 0:17:52.040 you're a white redneck employer and you are hiring someone 0:17:52.080 --> 0:17:55.640 for a particular role. Hey, sorry to interrupt this video 0:17:55.720 --> 0:17:58.159 just one more time. I'm not running Google ads. So 0:17:58.200 --> 0:18:00.639 it's actually way less interruption than I normally would have 0:18:00.640 --> 0:18:02.920 on a video. UM. And that's because it's sponsored by 0:18:03.000 --> 0:18:06.280 block five. UM. They are opening up the world of 0:18:06.320 --> 0:18:09.679 bitcoin and financial products offering to pay you interest on 0:18:09.840 --> 0:18:12.639 your bitcoin. Um better than own in a rental property 0:18:12.640 --> 0:18:14.600 that you have to manage and control and have the risks. 0:18:14.640 --> 0:18:16.680 You can just earn interest on it, or you can 0:18:16.800 --> 0:18:19.600 leverage against it. Now, I plan to hold my bitcoin 0:18:19.680 --> 0:18:22.840 forever and literally never sell my bitcoin. So how do 0:18:22.880 --> 0:18:25.080 you do that? Well, if I need money, I don't 0:18:25.080 --> 0:18:27.199 want to sell that bitcoin. I'm gonna pay tax on it, 0:18:27.480 --> 0:18:29.199 all right, I'm gonna end up with less and I 0:18:29.200 --> 0:18:31.600 don't have the bitcoin anymore. So a better way to 0:18:31.600 --> 0:18:34.280 do it is to borrow against the bitcoin. So I've 0:18:34.320 --> 0:18:36.399 put all my money into bitcoin. If I want to 0:18:36.400 --> 0:18:38.200 buy a car or I want to buy a house, 0:18:38.320 --> 0:18:41.920 I can borrow against it at very very low competitive rates. 0:18:42.080 --> 0:18:43.960 Get my house, get my car, whatever that may be, 0:18:44.280 --> 0:18:46.720 and get to keep the bitcoin. I've done a whole 0:18:46.800 --> 0:18:49.080 video on this. You can find it. I'll link it 0:18:49.119 --> 0:18:51.280 down to the description below how to retire off a 0:18:51.320 --> 0:18:53.719 bitcoin without paying taxes and you can do that with 0:18:53.840 --> 0:18:56.320 Block five services. A link to the video down below. 0:18:56.320 --> 0:18:57.880 I'm also going to put a link to Block five. 0:18:57.960 --> 0:18:59.600 If you choose to click on that link to check 0:18:59.640 --> 0:19:02.080 them out. You can run up to two fifty in 0:19:02.160 --> 0:19:04.359 free bitcoin just for using that link. And that's it. 0:19:04.440 --> 0:19:06.400 Let's go ahead and get back to the interview someone 0:19:06.440 --> 0:19:08.480 who doesn't like them. Why would you even want to 0:19:08.520 --> 0:19:11.480 be there? Like the fact that you know someone is 0:19:11.520 --> 0:19:13.960 forced to like you and forced to hire you based 0:19:13.960 --> 0:19:16.840 on something that they didn't like about, it's actually pathetic. 0:19:17.280 --> 0:19:22.080 So so tying that same pace to this is, you know, 0:19:22.440 --> 0:19:24.920 let businesses not hire the people who don't want to 0:19:24.920 --> 0:19:28.720 be vaxed or whatever, and they can go work somewhere else. 0:19:28.920 --> 0:19:31.080 And that means the people were probably a brain and 0:19:31.119 --> 0:19:33.679 a higher intelligence questions are going to go set up 0:19:33.720 --> 0:19:36.600 their own things. Do their own things like yeah, I 0:19:36.600 --> 0:19:39.359 guess the problem with that is um again, and the 0:19:39.560 --> 0:19:43.240 markets are so distorted that then well then the government's 0:19:43.280 --> 0:19:45.400 going to pressure all the other companies so they can't 0:19:45.480 --> 0:19:50.640 hire people. Um yeah, Like these are these are arguments 0:19:50.680 --> 0:19:53.920 that can't be one because there's no good outcome either way, 0:19:54.040 --> 0:19:56.960 and ultimately it's the system that has to be rebuilt. 0:19:57.000 --> 0:20:00.320 I guess, um. I think it's just hard for most 0:20:00.320 --> 0:20:02.520 people to kind of see down to that level. It 0:20:02.680 --> 0:20:04.840 is and and the question is do we want to 0:20:04.880 --> 0:20:10.439 remain consistent whilst right winning and I actually are on 0:20:10.480 --> 0:20:13.480 the side of let's be consistent. Let that Black Rock 0:20:13.480 --> 0:20:15.199 buy what they want to buy, Let employers fire who 0:20:15.240 --> 0:20:18.119 they want to fire, you know whatever, Like let's just 0:20:18.600 --> 0:20:22.560 let that play out, because it it's not a pretty 0:20:22.640 --> 0:20:25.600 ending either way, and it's about time we stopped creating 0:20:25.600 --> 0:20:28.040 more after effects anyway. We don't need any of that, 0:20:28.119 --> 0:20:31.680 like irrespective, Like the thing is, they're going to fire 0:20:31.680 --> 0:20:33.239 all their good people, they're going to keep all their 0:20:33.240 --> 0:20:36.720