1 00:00:04,600 --> 00:00:07,680 Speaker 1: So the big question is this, how do investors like 2 00:00:07,880 --> 00:00:11,800 Speaker 1: us get access to the ideas, information, and most importantly, 3 00:00:12,039 --> 00:00:14,840 Speaker 1: the right people that give us the tools and information 4 00:00:14,960 --> 00:00:19,000 Speaker 1: we need to make conformed and educated decisions to have success. 5 00:00:19,600 --> 00:00:22,360 Speaker 1: That is the question, and this podcast will give us 6 00:00:22,360 --> 00:00:25,520 Speaker 1: the answers. This is Mark Moss, your host. Let's get 7 00:00:25,520 --> 00:00:28,160 Speaker 1: this started. Hello and welcome to another episode of the 8 00:00:28,200 --> 00:00:32,919 Speaker 1: Market Disruptors podcast. Today I'm joined with Alexanders from Nuggets 9 00:00:32,920 --> 00:00:36,040 Speaker 1: News Australia. He's been reporting the news for quite some time, 10 00:00:36,120 --> 00:00:39,920 Speaker 1: always has really great insights and so I'm really happy 11 00:00:39,920 --> 00:00:42,000 Speaker 1: to have you on the show. Welcome Alex, thanks for 12 00:00:42,040 --> 00:00:44,960 Speaker 1: having me. I'm looking forward to getting into it today. Yeah. 13 00:00:45,000 --> 00:00:47,760 Speaker 1: So we've had a couple of good conversations uh in 14 00:00:47,840 --> 00:00:50,839 Speaker 1: the past, sharing information back and forth. It's always always 15 00:00:50,840 --> 00:00:52,919 Speaker 1: a treat to talk to you about. Just for those 16 00:00:52,960 --> 00:00:54,640 Speaker 1: that don't know who you are, why don't you give 17 00:00:54,680 --> 00:00:56,279 Speaker 1: us a little bit of a background of of kind 18 00:00:56,320 --> 00:00:57,680 Speaker 1: of how you get into the space and what you're 19 00:00:57,680 --> 00:01:01,760 Speaker 1: doing currently. Long story, are sure. I was a pharmacist 20 00:01:01,760 --> 00:01:03,960 Speaker 1: by trade, but I always loved investing and then I 21 00:01:04,120 --> 00:01:06,640 Speaker 1: lost a favorit of money in the GFC when my 22 00:01:06,720 --> 00:01:09,360 Speaker 1: parents gave me some shares. That was my twenty first birthday. 23 00:01:09,600 --> 00:01:11,920 Speaker 1: So I went down the investing rabbit hole. I wanted 24 00:01:11,920 --> 00:01:14,840 Speaker 1: to learn about how banks, debt and money works. Became 25 00:01:14,880 --> 00:01:18,240 Speaker 1: a bit of a libertarian cipherpunk and read zero hedge 26 00:01:18,240 --> 00:01:20,000 Speaker 1: and that's where I found big coined in two thousand 27 00:01:20,000 --> 00:01:22,679 Speaker 1: and twelve. And that's obviously a bigger rabbit hole that 28 00:01:22,800 --> 00:01:25,360 Speaker 1: most people know whence you fall down. Uh. And then 29 00:01:25,360 --> 00:01:27,600 Speaker 1: in two thousands and seventeen I was able to quit 30 00:01:27,640 --> 00:01:31,920 Speaker 1: my job and really start doing crypto education, trading investing 31 00:01:32,000 --> 00:01:34,440 Speaker 1: full time. And so we've been doing that now for 32 00:01:34,520 --> 00:01:38,319 Speaker 1: nearly nearly three years across Australia and YouTube and a 33 00:01:38,360 --> 00:01:40,240 Speaker 1: bit of everything where we try and educate people and 34 00:01:40,280 --> 00:01:43,080 Speaker 1: everything that's going on in the space. Yeah, and it's 35 00:01:43,080 --> 00:01:46,480 Speaker 1: been great. You've been given some really good insights into 36 00:01:46,480 --> 00:01:49,640 Speaker 1: the markets and I appreciate that. So lately there's been 37 00:01:49,760 --> 00:01:52,240 Speaker 1: quite some news coming out of Australia and so I 38 00:01:52,320 --> 00:01:54,680 Speaker 1: wanted to get your take on NAP. You know, overall, 39 00:01:55,160 --> 00:02:01,400 Speaker 1: bitcoin cryptocurrencies is cryptography, right, So it's in cryption and 40 00:02:02,640 --> 00:02:05,440 Speaker 1: that's obviously this this massive trend that we're having and 41 00:02:05,760 --> 00:02:08,840 Speaker 1: it goes into philosophical debates of privacy and things like that. 42 00:02:08,880 --> 00:02:13,520 Speaker 1: But in regards to cryptography encryption, Australia has taken some 43 00:02:13,600 --> 00:02:16,639 Speaker 1: pretty tough stances on that. I think about a year 44 00:02:16,639 --> 00:02:19,840 Speaker 1: ago um forcing companies to build a back door, and 45 00:02:19,840 --> 00:02:23,560 Speaker 1: then today with some unlocking laws. What do you see 46 00:02:23,560 --> 00:02:26,680 Speaker 1: about that? Yes, so there's a bill called the a 47 00:02:26,680 --> 00:02:30,920 Speaker 1: a Bill and it's all about having access to encryption 48 00:02:30,960 --> 00:02:33,960 Speaker 1: and apps and for government asked you to build a 49 00:02:33,960 --> 00:02:37,760 Speaker 1: back door or hand over some information. That employee has 50 00:02:37,800 --> 00:02:39,840 Speaker 1: to do that. And the other thing is they can't 51 00:02:39,880 --> 00:02:42,919 Speaker 1: tell their boss of their company that they've been told 52 00:02:42,960 --> 00:02:44,600 Speaker 1: they have to do this. They can actually go to 53 00:02:44,680 --> 00:02:48,160 Speaker 1: jail themselves. So some people are saying, how on earth 54 00:02:48,160 --> 00:02:51,440 Speaker 1: can you ban encryption and Australia believe that they're above 55 00:02:51,480 --> 00:02:54,880 Speaker 1: the laws of mathematics and software. So we haven't even 56 00:02:55,160 --> 00:02:58,600 Speaker 1: seen any cases being just disputed yet about how this 57 00:02:58,680 --> 00:03:00,480 Speaker 1: is all going to work in the real world. But 58 00:03:00,600 --> 00:03:03,480 Speaker 1: that's kind of what they're going at, along with another 59 00:03:03,520 --> 00:03:06,040 Speaker 1: bill where you have to hand over all your passwords 60 00:03:06,040 --> 00:03:09,360 Speaker 1: and pin numbers. There was a gentleman that went her 61 00:03:09,440 --> 00:03:12,240 Speaker 1: video and viral of him coming through Sydney Airport and 62 00:03:12,280 --> 00:03:14,400 Speaker 1: they took his laptop and they actually took all the 63 00:03:14,480 --> 00:03:17,280 Speaker 1: data off it. And he was a software engineer, so 64 00:03:17,320 --> 00:03:19,440 Speaker 1: he was able to check what they've done to his laptop, 65 00:03:19,440 --> 00:03:21,799 Speaker 1: whereas a lot of other people maybe wouldn't have known. 66 00:03:22,320 --> 00:03:24,640 Speaker 1: So there's a few different laws going on at the 67 00:03:24,639 --> 00:03:27,200 Speaker 1: moment um. And yeah, they're pushing this one as a 68 00:03:28,240 --> 00:03:30,160 Speaker 1: fine up to five years in jail if you don't 69 00:03:30,200 --> 00:03:32,920 Speaker 1: hand over all your passwords and all your data. And 70 00:03:32,960 --> 00:03:35,480 Speaker 1: that's not just in airports anymore, that's anywhere on the street. 71 00:03:35,840 --> 00:03:37,760 Speaker 1: But as I say, we haven't really seen any cases 72 00:03:37,760 --> 00:03:40,680 Speaker 1: of this yet, but it's certainly they're in the law, 73 00:03:40,720 --> 00:03:44,960 Speaker 1: and that's pretty worrying. It's definitely worrying that there was 74 00:03:45,000 --> 00:03:48,000 Speaker 1: a lot I thought about a year ago roughly that 75 00:03:48,200 --> 00:03:50,160 Speaker 1: was that companies had to start building a back door 76 00:03:50,240 --> 00:03:51,840 Speaker 1: in Did that go through or is that just a 77 00:03:51,840 --> 00:03:55,680 Speaker 1: bill so that that is in in law, But as 78 00:03:55,720 --> 00:03:57,640 Speaker 1: I said, well, it's not. The companies don't have to 79 00:03:57,680 --> 00:03:59,720 Speaker 1: do it immediately. They have to be able to do 80 00:03:59,760 --> 00:04:02,640 Speaker 1: it if they get issued a warrant. I believe that's 81 00:04:02,640 --> 00:04:04,560 Speaker 1: how it works. So a lot of the tech companies 82 00:04:04,840 --> 00:04:10,000 Speaker 1: aren't based in Australia. But if you're serving Australian individuals. 83 00:04:10,080 --> 00:04:13,360 Speaker 1: In theory, if they issue a warrant to Facebook, do 84 00:04:13,440 --> 00:04:15,400 Speaker 1: they have to build this back door? I know we 85 00:04:15,440 --> 00:04:19,000 Speaker 1: saw a few years ago Apple really pushed back against that. 86 00:04:19,080 --> 00:04:21,200 Speaker 1: So we're waiting to probably see the first case of 87 00:04:21,279 --> 00:04:25,279 Speaker 1: this play out. Yeah, that's interesting. The way it seems 88 00:04:25,320 --> 00:04:28,599 Speaker 1: that it normally works is not even the laws aren't 89 00:04:28,600 --> 00:04:31,359 Speaker 1: really so much we're the companies at but we're the 90 00:04:31,400 --> 00:04:34,880 Speaker 1: customers that company is servicing. So if that company was 91 00:04:34,920 --> 00:04:37,719 Speaker 1: a US based company like Apple for example, or even 92 00:04:37,760 --> 00:04:42,640 Speaker 1: in a different jurisdiction because they're servicing Australian customers, potentially 93 00:04:42,640 --> 00:04:46,000 Speaker 1: they could be liable to that right. Absolutely, very similar 94 00:04:46,040 --> 00:04:48,120 Speaker 1: to what we see with the European customers and those 95 00:04:48,200 --> 00:04:51,360 Speaker 1: new laws. Now, yeah, but how many people are even 96 00:04:51,440 --> 00:04:54,040 Speaker 1: aware of this stuff or care? And I think it's 97 00:04:54,040 --> 00:04:57,719 Speaker 1: once we have that first be incident of someone losing 98 00:04:57,720 --> 00:04:59,760 Speaker 1: all their data, and remember once the government has this 99 00:05:00,160 --> 00:05:02,160 Speaker 1: that they store and we sell these data breaches all 100 00:05:02,200 --> 00:05:05,880 Speaker 1: the time, So yes, it's over it's overarching. I don't 101 00:05:05,960 --> 00:05:08,280 Speaker 1: know how government can even think that they're able to 102 00:05:08,360 --> 00:05:11,120 Speaker 1: do this and enforce this. We haven't really had any 103 00:05:11,160 --> 00:05:13,559 Speaker 1: bad instances in Australia, but it seems that we're becoming 104 00:05:13,560 --> 00:05:18,240 Speaker 1: the most heavily policed. Another law or bill was proposed 105 00:05:18,279 --> 00:05:21,320 Speaker 1: this week where they're installing a number of cameras around 106 00:05:21,360 --> 00:05:24,320 Speaker 1: cities with AI that look into your car and see 107 00:05:24,360 --> 00:05:27,920 Speaker 1: what you're doing. And they're talking about this as getting 108 00:05:27,920 --> 00:05:29,800 Speaker 1: people that are on their phones and catching it. But 109 00:05:29,800 --> 00:05:31,960 Speaker 1: obviously they're going to collect all this data watch what 110 00:05:32,040 --> 00:05:34,960 Speaker 1: people doing in their cars. Um, we really are becoming 111 00:05:34,960 --> 00:05:39,039 Speaker 1: heavily surpailed. It's it's just really scary, isn't it. I mean, 112 00:05:39,920 --> 00:05:41,760 Speaker 1: what is it they need all that for? Right? I 113 00:05:41,800 --> 00:05:44,000 Speaker 1: think you said you kind of went down the libertarian 114 00:05:44,120 --> 00:05:46,599 Speaker 1: rabbit hole a little bit and kind of like the 115 00:05:46,600 --> 00:05:50,680 Speaker 1: basics of that would be like if I'm not hurting anybody, 116 00:05:51,080 --> 00:05:56,279 Speaker 1: leave me alone. And this is almost like everybody is guilty, 117 00:05:56,320 --> 00:06:00,000 Speaker 1: we just need to catch them, right would you say that? Yeah? 118 00:06:00,000 --> 00:06:02,440 Speaker 1: And Australia, as I said, doesn't have a lot of 119 00:06:02,440 --> 00:06:04,520 Speaker 1: problems with terrorism. I think we've had, you know, one 120 00:06:04,600 --> 00:06:07,640 Speaker 1: instance in the past ten years, we've got the you know, 121 00:06:07,680 --> 00:06:09,920 Speaker 1: we don't have a lot of firearms in our society. 122 00:06:09,960 --> 00:06:12,279 Speaker 1: We don't have problems with with that sort of crime. 123 00:06:12,400 --> 00:06:14,279 Speaker 1: So I just don't know why we need to be 124 00:06:14,320 --> 00:06:20,280 Speaker 1: so heavily surveilled when we're peaceful place for at the time, Well, 125 00:06:20,320 --> 00:06:22,680 Speaker 1: I think we understand why. Right. It's it's always a 126 00:06:22,720 --> 00:06:25,200 Speaker 1: matter of control, right, So it's a matter of if 127 00:06:25,200 --> 00:06:27,400 Speaker 1: you can control the information, you can control the people. 128 00:06:27,839 --> 00:06:30,880 Speaker 1: And I think in today's age it's even more scary 129 00:06:30,920 --> 00:06:33,839 Speaker 1: because now through you know, Facebook and social media and whatnot, 130 00:06:33,880 --> 00:06:37,719 Speaker 1: they're using like artificial intelligence to even um show you 131 00:06:37,800 --> 00:06:39,640 Speaker 1: what they want to show you so that you can 132 00:06:39,680 --> 00:06:42,320 Speaker 1: develop the way they want you to develop. And then 133 00:06:42,320 --> 00:06:44,960 Speaker 1: if they're surveilling you, they can see if you're diverting 134 00:06:45,000 --> 00:06:48,839 Speaker 1: down that path. Right, Yeah, that's fantastic. Have you seen 135 00:06:48,880 --> 00:06:51,679 Speaker 1: the documentary I forget the name now with a Cambridge 136 00:06:51,680 --> 00:06:53,720 Speaker 1: Analytica and they spoke about all that sort of thing 137 00:06:53,760 --> 00:06:56,480 Speaker 1: where you can direct you know, people towards maybe voting 138 00:06:56,520 --> 00:06:59,760 Speaker 1: for Brexit or Trump if they otherwise wouldn't have. But 139 00:06:59,800 --> 00:07:02,679 Speaker 1: we definitely see that, and I know last week Facebook 140 00:07:02,720 --> 00:07:06,320 Speaker 1: brought that company with the mind reading bracelets. Have you 141 00:07:06,360 --> 00:07:09,120 Speaker 1: seen this yet? No, I haven't seen anything about the 142 00:07:09,160 --> 00:07:13,600 Speaker 1: main reading um but I did see in twenty sixteen. 143 00:07:14,280 --> 00:07:17,280 Speaker 1: Uh it, Well, when all that stuff came out about 144 00:07:17,280 --> 00:07:21,840 Speaker 1: Cambridge Analytica. Um, they found out that in twenty Facebook 145 00:07:21,920 --> 00:07:27,000 Speaker 1: had been practicing, um, putting different news feeds to different 146 00:07:27,000 --> 00:07:29,080 Speaker 1: people to see if they could change their moods and 147 00:07:29,120 --> 00:07:33,560 Speaker 1: stuff like that. So they've been experimenting on us basically. Yeah, absolutely, 148 00:07:33,600 --> 00:07:37,000 Speaker 1: and that it really is explained well in that documentary. 149 00:07:37,000 --> 00:07:38,640 Speaker 1: And they peek on the people that are on the 150 00:07:38,640 --> 00:07:41,720 Speaker 1: fence or undecided and the people that have a certain 151 00:07:41,760 --> 00:07:44,760 Speaker 1: mindset already, they only continue to show you that type 152 00:07:44,760 --> 00:07:48,080 Speaker 1: of information, so then you get that echo chamber effect 153 00:07:48,120 --> 00:07:50,040 Speaker 1: where you're never going to change your mind and be 154 00:07:50,120 --> 00:07:52,680 Speaker 1: set in your way. So yeah, it's interesting where this 155 00:07:52,720 --> 00:07:54,600 Speaker 1: is all going, and I think be tech of being 156 00:07:54,680 --> 00:07:57,320 Speaker 1: maybe called to account a little bit more. In the 157 00:07:57,400 --> 00:08:00,360 Speaker 1: US we see a few more trials and a lot 158 00:08:00,400 --> 00:08:03,080 Speaker 1: of pushback, but in Australia it seems like they're going 159 00:08:03,360 --> 00:08:06,760 Speaker 1: the whole hold straight away. I'm wondering, was the was 160 00:08:06,800 --> 00:08:11,720 Speaker 1: a Netflix special called Secrets of Silicon Valley. Uh no, 161 00:08:11,720 --> 00:08:14,800 Speaker 1: no it wasn't. Um It'll it'll come to me though, Okay, 162 00:08:15,000 --> 00:08:16,840 Speaker 1: I have that written down as one that I should 163 00:08:16,880 --> 00:08:20,320 Speaker 1: watch someone recommended to me, so UM, I looked it 164 00:08:20,400 --> 00:08:22,280 Speaker 1: up and That's why I was asking. But that's okay. 165 00:08:22,680 --> 00:08:26,400 Speaker 1: But you know, so it's interesting to see obviously, like 166 00:08:26,400 --> 00:08:29,960 Speaker 1: I said, with cryptocurrency and being cryptography, being encryption, how 167 00:08:30,000 --> 00:08:33,360 Speaker 1: does the you know, how how does this continue to grow? 168 00:08:33,640 --> 00:08:37,720 Speaker 1: Crypt cryptography, encryption, crypto, cryptocurrencies, How does it continue to grow? 169 00:08:37,720 --> 00:08:40,839 Speaker 1: When you have countries like Australia, which I'm sure is 170 00:08:40,840 --> 00:08:43,360 Speaker 1: not going to be the only one really cracking down 171 00:08:43,400 --> 00:08:48,560 Speaker 1: against cryptocurrencies. What do you think happens with that? Yeah, 172 00:08:48,600 --> 00:08:50,800 Speaker 1: I mean another thing that Australia proposing at the moment 173 00:08:51,080 --> 00:08:53,480 Speaker 1: is the cash band over ten thousand dollars and they're 174 00:08:53,480 --> 00:08:55,440 Speaker 1: talking about bringing that to down to five or even 175 00:08:55,480 --> 00:08:59,040 Speaker 1: two thou dollars, and I want to include cryptocurrencies if 176 00:08:59,080 --> 00:09:01,840 Speaker 1: crypto becomes, you know, a payment system that people are 177 00:09:01,920 --> 00:09:04,000 Speaker 1: using day to day. So what does that? What does 178 00:09:04,000 --> 00:09:07,040 Speaker 1: that mean? A cash band? So they're not going to 179 00:09:07,160 --> 00:09:09,080 Speaker 1: let you pay someone if you want to buy a 180 00:09:09,120 --> 00:09:12,400 Speaker 1: car for the two thousand dollars. Secondhand, you can't pay 181 00:09:12,400 --> 00:09:15,040 Speaker 1: in cash. They're banning cash payments over a certain threshold. 182 00:09:15,360 --> 00:09:17,480 Speaker 1: And we believe that this is all part of the 183 00:09:17,559 --> 00:09:19,720 Speaker 1: road to negative interest rates, where they don't want people 184 00:09:19,760 --> 00:09:22,440 Speaker 1: to be able to take cash out of banks slowly 185 00:09:22,440 --> 00:09:25,839 Speaker 1: and slowly and steady. But included in that is cryptocurrency 186 00:09:25,960 --> 00:09:28,080 Speaker 1: and as well as this ban on encryption they're pushing. 187 00:09:28,400 --> 00:09:30,720 Speaker 1: But despite all of this, it's how how do you 188 00:09:30,760 --> 00:09:33,880 Speaker 1: possibly police it? And Andreas talks about this a lot. 189 00:09:34,200 --> 00:09:36,720 Speaker 1: Once you're in the crypto ecosystem and you have your 190 00:09:36,760 --> 00:09:40,000 Speaker 1: bitcoin or your manarow, and you've got all your wallets, 191 00:09:40,000 --> 00:09:42,400 Speaker 1: as long as this stuff isn't attached to exchanges, that's 192 00:09:42,440 --> 00:09:44,240 Speaker 1: the only really thing that they can plex, the on 193 00:09:44,400 --> 00:09:46,560 Speaker 1: ramps and off ramps. So if you can find a 194 00:09:46,640 --> 00:09:49,120 Speaker 1: job or a way to earn a little bit of cryptocurrency, 195 00:09:49,480 --> 00:09:53,280 Speaker 1: and you keep your an amenity online, how do they say, well, 196 00:09:53,640 --> 00:09:55,640 Speaker 1: you know, you know a lot of pay mark two 197 00:09:55,679 --> 00:09:58,360 Speaker 1: thousand dollars in bitcoin. If he helps you edit a video, 198 00:09:58,600 --> 00:10:00,720 Speaker 1: there's no way for them to possibly know, you know, 199 00:10:00,800 --> 00:10:03,840 Speaker 1: we've sent that, except where you're using an encrypted wallet, 200 00:10:03,880 --> 00:10:05,600 Speaker 1: which they have a back door to. So now they're 201 00:10:05,600 --> 00:10:09,800 Speaker 1: looking inside your wallet and the senior depositing withdraws. Yeah, 202 00:10:10,160 --> 00:10:13,880 Speaker 1: and let's say that I set up um uh Jack's wallet, 203 00:10:14,280 --> 00:10:17,160 Speaker 1: a bread bullet and engine wallet whatever it is. If 204 00:10:17,200 --> 00:10:19,440 Speaker 1: I've in stole that on my computer and I'm using 205 00:10:19,440 --> 00:10:22,280 Speaker 1: a VAPN. Again, how do they possibly know I've done 206 00:10:22,320 --> 00:10:25,680 Speaker 1: that on my own device. I really think if you're 207 00:10:26,080 --> 00:10:27,960 Speaker 1: if you have to be savvy. But there's still ways 208 00:10:28,000 --> 00:10:31,640 Speaker 1: to maintain privacy, even in Australia. Yeah, I think, you know, 209 00:10:31,679 --> 00:10:33,959 Speaker 1: I mean, there's there's definitely that argument. And and I'm 210 00:10:33,960 --> 00:10:35,760 Speaker 1: sure in Australia, just like anywhere in the rest of 211 00:10:35,800 --> 00:10:38,640 Speaker 1: the world, passing a low to make something illegal doesn't 212 00:10:38,640 --> 00:10:40,680 Speaker 1: stop it by any means. And and and we have 213 00:10:40,760 --> 00:10:43,400 Speaker 1: history that actually shows the opposite, Like during the prohibition 214 00:10:43,800 --> 00:10:45,960 Speaker 1: in the United States, you know, alcohol took off really 215 00:10:45,960 --> 00:10:49,000 Speaker 1: big and and obviously since the War on Drugs has 216 00:10:49,040 --> 00:10:52,160 Speaker 1: been around since about the seventies, drugs is only drugs 217 00:10:52,200 --> 00:10:55,240 Speaker 1: have only gotten bigger. Um And so you look at 218 00:10:55,240 --> 00:10:58,880 Speaker 1: things like, you know, marijuana, which requires you to you know, 219 00:10:59,720 --> 00:11:01,719 Speaker 1: plan aunt something and water it, and you have to 220 00:11:01,760 --> 00:11:03,080 Speaker 1: have room, you have to grow it, and you have 221 00:11:03,080 --> 00:11:05,040 Speaker 1: to harvest and do all these things, and and then 222 00:11:05,040 --> 00:11:07,360 Speaker 1: transport it and their smells and there's all these issues 223 00:11:07,640 --> 00:11:09,440 Speaker 1: and hasn't stopped that. They can't even keep it out 224 00:11:09,480 --> 00:11:12,360 Speaker 1: of a prison, the most you know, arguably the most 225 00:11:12,360 --> 00:11:14,520 Speaker 1: secure place in the world. So how are they gonna 226 00:11:14,679 --> 00:11:18,760 Speaker 1: ban a completely digital encrypted thing, right, So, um, it's 227 00:11:18,760 --> 00:11:21,679 Speaker 1: gonna be really hard, I guess. Yeah. We see like 228 00:11:21,720 --> 00:11:25,240 Speaker 1: a premium on bitcoin in places like Career or China 229 00:11:25,280 --> 00:11:28,280 Speaker 1: when we have a crackdown. As you say, drugs are bands, 230 00:11:28,320 --> 00:11:30,439 Speaker 1: and I think Istra has some of the most expensive 231 00:11:30,520 --> 00:11:33,360 Speaker 1: drugs in the world. You know, the average process of 232 00:11:33,400 --> 00:11:36,320 Speaker 1: say cocaine, I think it's three hundred dollars here, where 233 00:11:36,320 --> 00:11:38,439 Speaker 1: it's close to the thirty dollars you know, you know 234 00:11:38,440 --> 00:11:40,120 Speaker 1: a lot of other places around the world, and that's 235 00:11:40,160 --> 00:11:43,080 Speaker 1: because of the premium that it's placed by making something 236 00:11:43,120 --> 00:11:47,840 Speaker 1: illegal and creating black and gray markets. Yeah. Yeah, So 237 00:11:47,880 --> 00:11:50,920 Speaker 1: I'm just curious overall. I mean, how how has this 238 00:11:51,000 --> 00:11:53,920 Speaker 1: impacted you or what do you think how it's impacted Australia. 239 00:11:53,920 --> 00:11:55,680 Speaker 1: I mean, are you seen do you think this is 240 00:11:55,679 --> 00:11:58,360 Speaker 1: a negative for people of Australia in a sense where 241 00:11:58,720 --> 00:12:00,960 Speaker 1: maybe you don't have the jobs, are the companies there, 242 00:12:01,000 --> 00:12:03,520 Speaker 1: Maybe the companies are going to be moving out of 243 00:12:03,520 --> 00:12:05,560 Speaker 1: the country. I mean, this is going to affect your kids, 244 00:12:05,559 --> 00:12:09,280 Speaker 1: your grandkids. Oh. We've definitely seen some pushback from the 245 00:12:09,320 --> 00:12:12,199 Speaker 1: tech companies and one of the things just zooming out 246 00:12:12,240 --> 00:12:15,040 Speaker 1: about our economies that we've become to rely on the 247 00:12:15,080 --> 00:12:18,320 Speaker 1: housing market and you know the mining boom with China, 248 00:12:18,679 --> 00:12:21,160 Speaker 1: and we don't have those high paying tech jobs. And 249 00:12:21,200 --> 00:12:23,000 Speaker 1: we talked to a lot of people in recruiting and 250 00:12:23,000 --> 00:12:25,280 Speaker 1: they can't convince people to come and work in Australia 251 00:12:25,760 --> 00:12:28,400 Speaker 1: of course of things like the encryption laws. Um, it's 252 00:12:28,520 --> 00:12:31,120 Speaker 1: pretty expensive to leave. So I think it's actually all 253 00:12:31,240 --> 00:12:34,360 Speaker 1: bad for our economy longer term. But yeah, if you're 254 00:12:34,400 --> 00:12:36,559 Speaker 1: a tech company with these laws on earth, would you 255 00:12:36,600 --> 00:12:38,320 Speaker 1: want to start up in Australia where you can move 256 00:12:38,360 --> 00:12:42,320 Speaker 1: over to Southeast Asia or anywhere else. Yeah, it's always 257 00:12:42,320 --> 00:12:46,800 Speaker 1: like the government's always talking about stimulating the economy and 258 00:12:47,000 --> 00:12:50,520 Speaker 1: creating jobs and doing these things right, but really they 259 00:12:50,559 --> 00:12:52,760 Speaker 1: can't do any of that. Well, the only thing they 260 00:12:52,800 --> 00:12:55,320 Speaker 1: can do is get out of the way or you know, 261 00:12:55,400 --> 00:12:58,520 Speaker 1: take their boot off your neck, right. Um. And so 262 00:12:58,760 --> 00:13:01,240 Speaker 1: with all these policies is that are meant to protect 263 00:13:01,280 --> 00:13:04,000 Speaker 1: and to stimulate, Really what they do is just squash 264 00:13:04,080 --> 00:13:06,800 Speaker 1: and drive away. It seems like, yeah, I know you've 265 00:13:06,800 --> 00:13:08,600 Speaker 1: probably spoken about this a lot as well. You know, 266 00:13:08,640 --> 00:13:12,160 Speaker 1: central banks of these levers of interest rates and money creation, 267 00:13:12,240 --> 00:13:14,960 Speaker 1: and that's how they stimulate in their minds. But what 268 00:13:15,000 --> 00:13:18,480 Speaker 1: we're saying, like right now being debated is central banks 269 00:13:18,520 --> 00:13:21,839 Speaker 1: saying well, monetary policy is at its limits, and they're 270 00:13:21,880 --> 00:13:23,400 Speaker 1: going to turn around the governments and say it was 271 00:13:23,440 --> 00:13:25,640 Speaker 1: as your photo, or you need to do more fiscally 272 00:13:25,679 --> 00:13:28,400 Speaker 1: and spend more and great jobs, whereas governments are going 273 00:13:28,440 --> 00:13:30,360 Speaker 1: to say, hold on, central banks, you've been telling us 274 00:13:30,360 --> 00:13:33,760 Speaker 1: that you're in control and monacy, monetary policy works. Now 275 00:13:33,800 --> 00:13:36,120 Speaker 1: it's clear that it hasn't, and you're gonna blame us. 276 00:13:36,200 --> 00:13:38,280 Speaker 1: And as you say, the real jobs and innovation and 277 00:13:38,320 --> 00:13:43,280 Speaker 1: growth comes from that free market and entrepreneurs. Yeah, yeah, 278 00:13:43,320 --> 00:13:46,560 Speaker 1: that's interesting. That's actually something we were talking about before 279 00:13:46,559 --> 00:13:49,200 Speaker 1: we went before we started recording, we went live and 280 00:13:49,200 --> 00:13:51,960 Speaker 1: we were talking about the price of bitcoin um and 281 00:13:52,120 --> 00:13:54,600 Speaker 1: right now you know, it's down, it's looking like it's 282 00:13:54,640 --> 00:13:56,320 Speaker 1: going back up, and we're just gonna talk about that 283 00:13:56,320 --> 00:13:59,840 Speaker 1: real quickly. And I told you how you know some 284 00:14:00,000 --> 00:14:01,400 Speaker 1: and I was talking to someone last night and they're 285 00:14:01,400 --> 00:14:03,000 Speaker 1: asking me, he's it gonna go back down? Should I wait? 286 00:14:03,040 --> 00:14:04,880 Speaker 1: Should I get back in? What's and asked me my prediction? 287 00:14:04,960 --> 00:14:06,640 Speaker 1: And I said, look, I don't I don't look for 288 00:14:06,679 --> 00:14:10,040 Speaker 1: that forecast, I said. The forecast I'm looking at is 289 00:14:10,720 --> 00:14:13,720 Speaker 1: the seventeen trillion dollars of negative yielding debt or the 290 00:14:13,760 --> 00:14:16,320 Speaker 1: FED injecting money or whatever. So the points that you're 291 00:14:16,320 --> 00:14:20,560 Speaker 1: bringing up um and you're right, uh, those are the 292 00:14:20,560 --> 00:14:23,920 Speaker 1: things that are are driving bitcoin for sure. I think 293 00:14:24,520 --> 00:14:25,880 Speaker 1: one thing, you know, I've been studying this for a 294 00:14:25,880 --> 00:14:29,360 Speaker 1: long time, as as you have really dove in. Once 295 00:14:29,440 --> 00:14:31,800 Speaker 1: the you know GFC as you called it, the Great 296 00:14:31,840 --> 00:14:35,840 Speaker 1: Financial Crass two tho really took off. It seemed like 297 00:14:36,040 --> 00:14:39,440 Speaker 1: as over you know, two thousand ten, two thousand twelve UM, 298 00:14:40,040 --> 00:14:42,440 Speaker 1: the central banks of the world, we're basically just going 299 00:14:42,480 --> 00:14:45,800 Speaker 1: all in on qu e QB infinity UM. And once 300 00:14:45,880 --> 00:14:48,560 Speaker 1: interest rates hit zero, we thought they would have no 301 00:14:48,920 --> 00:14:51,040 Speaker 1: leverage left. As you said, they can just lower rates 302 00:14:51,080 --> 00:14:54,600 Speaker 1: and inject money. But now they've broken through zero. Now 303 00:14:54,640 --> 00:14:57,400 Speaker 1: they're negative right, So then like, where's the bottom on that? Now? 304 00:14:58,800 --> 00:15:01,000 Speaker 1: It's funny when he sat to think about where this 305 00:15:01,080 --> 00:15:04,160 Speaker 1: goes in the in the next cycle or the second 306 00:15:04,240 --> 00:15:07,720 Speaker 1: or third depression recession that we have, and you think, well, 307 00:15:07,720 --> 00:15:11,120 Speaker 1: what afraid to get to negative ten? What's happening there 308 00:15:11,280 --> 00:15:13,880 Speaker 1: is that if you've got a mortgage, ten percent of 309 00:15:13,920 --> 00:15:16,880 Speaker 1: that is actually been eroded or paid off for you 310 00:15:17,040 --> 00:15:19,720 Speaker 1: each year, and yeah, where does this go? And people 311 00:15:19,800 --> 00:15:21,920 Speaker 1: kind of get excited when they hear think stuff like that, 312 00:15:21,920 --> 00:15:23,880 Speaker 1: Oh geez, ten percent of my mortgage gets paid off 313 00:15:23,920 --> 00:15:25,680 Speaker 1: a year. But you have to understand that things would 314 00:15:25,720 --> 00:15:27,880 Speaker 1: be so bad at that time that you probably wouldn't 315 00:15:27,880 --> 00:15:30,440 Speaker 1: have a job, or you know, your partner wouldn't have 316 00:15:30,440 --> 00:15:33,680 Speaker 1: a job in the economy would be exploding. So where 317 00:15:33,680 --> 00:15:37,360 Speaker 1: does this all go? I think bitcoin is having this, 318 00:15:37,520 --> 00:15:39,000 Speaker 1: as you say, whether you want to think about it 319 00:15:39,040 --> 00:15:41,760 Speaker 1: as a life raft. With the limited number of seats 320 00:15:42,280 --> 00:15:46,560 Speaker 1: or property, we know that it's scarce, and what are 321 00:15:46,600 --> 00:15:48,800 Speaker 1: people going to pay to get a little bit of 322 00:15:48,920 --> 00:15:51,280 Speaker 1: land or a seat on that boat at a time 323 00:15:51,320 --> 00:15:54,520 Speaker 1: when all fear money and currencies are just being inflated 324 00:15:54,560 --> 00:15:58,600 Speaker 1: away to pay off unfunded liabilities, trying to base their 325 00:15:58,600 --> 00:16:02,920 Speaker 1: currency in currency wars, and bitcoin isn't getting stronger or 326 00:16:02,960 --> 00:16:04,720 Speaker 1: going up in price. It's not the way to think 327 00:16:04,720 --> 00:16:06,000 Speaker 1: of it. You just have to think of it that 328 00:16:06,040 --> 00:16:09,120 Speaker 1: it's becoming more and more scarce relative to everything else 329 00:16:09,120 --> 00:16:11,640 Speaker 1: that's happening around us. Yeah, that's a good way to 330 00:16:11,680 --> 00:16:14,640 Speaker 1: put it. Now, a lot of people think that bitcoin 331 00:16:14,720 --> 00:16:17,280 Speaker 1: is not scarce because anybody can just copy it and 332 00:16:17,320 --> 00:16:19,720 Speaker 1: make their own crypto. And there's thousands of cryptocurrencies, So 333 00:16:19,720 --> 00:16:23,800 Speaker 1: what do you say about that. I think initially the 334 00:16:23,880 --> 00:16:27,360 Speaker 1: first four becoin cash, there was a fairly decent chunk, 335 00:16:27,640 --> 00:16:29,760 Speaker 1: let's call it ten percent of the community that weren't 336 00:16:29,760 --> 00:16:32,120 Speaker 1: happy with the block size and their debate, so they 337 00:16:32,160 --> 00:16:33,800 Speaker 1: can go off and do their own being it's a 338 00:16:33,840 --> 00:16:37,720 Speaker 1: free market, it's it's anti fragile. Becoin becomes stronger, and 339 00:16:37,760 --> 00:16:40,160 Speaker 1: then next off we saw bitcoin gold and maybe that 340 00:16:40,240 --> 00:16:43,800 Speaker 1: was one percent, and now we've got bitcoin you know whatever. 341 00:16:43,840 --> 00:16:46,000 Speaker 1: There's probably thirty or fifty folks out there, and they 342 00:16:46,040 --> 00:16:48,720 Speaker 1: all become smaller and smaller and less relevant, and they 343 00:16:48,760 --> 00:16:51,960 Speaker 1: can they can tinker and try different things. But yeah, 344 00:16:52,040 --> 00:16:54,960 Speaker 1: it is just making bitcoin stronger and stronger. Imagine, you know, 345 00:16:55,040 --> 00:16:57,040 Speaker 1: the government would say you're allowed of folk bitcoin. That 346 00:16:57,040 --> 00:16:59,440 Speaker 1: would be their response, and then people would maybe want 347 00:16:59,520 --> 00:17:01,320 Speaker 1: the thing you're not allowed to have, and it makes 348 00:17:01,360 --> 00:17:04,200 Speaker 1: it a little bit more exclusive. But in this frame market, 349 00:17:04,480 --> 00:17:06,800 Speaker 1: bitcoin is just powered ahead and the head and look 350 00:17:06,840 --> 00:17:10,439 Speaker 1: at the bitcoin dominance, you know, in regards to the folks, 351 00:17:10,480 --> 00:17:13,000 Speaker 1: not just in regards to oap cooins where it's absorbing 352 00:17:13,119 --> 00:17:15,680 Speaker 1: market share, is a lot of the other projects people 353 00:17:15,680 --> 00:17:18,280 Speaker 1: realize they're no good. They turned back to Bitcoin, but 354 00:17:18,400 --> 00:17:21,080 Speaker 1: in terms of its dominance against the other folks, it's 355 00:17:21,119 --> 00:17:23,399 Speaker 1: just getting stronger and stronger. So, yeah, you have as 356 00:17:23,440 --> 00:17:25,600 Speaker 1: many folks as you want, but they don't have the 357 00:17:25,680 --> 00:17:29,760 Speaker 1: community or network effects. Yeah. It's kind of like, um, 358 00:17:29,800 --> 00:17:31,520 Speaker 1: like if you had a rare piece of art like 359 00:17:31,560 --> 00:17:33,960 Speaker 1: the Mona Lisa, and you can make as many prints 360 00:17:34,040 --> 00:17:35,359 Speaker 1: and put it on T shirts and put it on 361 00:17:35,440 --> 00:17:38,040 Speaker 1: mugs and make posters for your house and make as 362 00:17:38,080 --> 00:17:39,800 Speaker 1: many copy as if you want, but it doesn't diminish 363 00:17:39,840 --> 00:17:43,199 Speaker 1: the value of the original exactly. That's really good by 364 00:17:43,240 --> 00:17:45,240 Speaker 1: to put it. Yeah. Yeah, so you can make all 365 00:17:45,280 --> 00:17:47,119 Speaker 1: these cryptos that you want, but it's not going to 366 00:17:47,240 --> 00:17:51,199 Speaker 1: take away from the original bitcoin. Um. But but we 367 00:17:51,240 --> 00:17:53,800 Speaker 1: do have all these different cryptos we have, I don't know, 368 00:17:54,800 --> 00:17:57,080 Speaker 1: at least I'm guessing if not more. And I get 369 00:17:57,080 --> 00:17:59,440 Speaker 1: it that summers start serving different needs. They're all they're 370 00:17:59,480 --> 00:18:01,680 Speaker 1: all not aim to be the new minetary base layer. 371 00:18:02,240 --> 00:18:03,439 Speaker 1: One of the things that was in the news this 372 00:18:03,480 --> 00:18:07,800 Speaker 1: week was this new Crypto Readings Council, and it's kind 373 00:18:07,800 --> 00:18:10,080 Speaker 1: of like, what is it like a kind of a 374 00:18:10,119 --> 00:18:14,959 Speaker 1: self regulated industry insiders kind of reading agency. What are 375 00:18:14,960 --> 00:18:17,960 Speaker 1: you seeing about that? Yes, so I think it was 376 00:18:18,000 --> 00:18:19,760 Speaker 1: coin based cracking. You know, a lot of the more 377 00:18:19,800 --> 00:18:22,280 Speaker 1: reputable exchanges that have been around for a while come 378 00:18:22,320 --> 00:18:24,960 Speaker 1: together with this rating system of where they think something 379 00:18:25,080 --> 00:18:29,239 Speaker 1: is on a fully decentralized versus possibly as security, and 380 00:18:29,359 --> 00:18:31,520 Speaker 1: a few of their decisions were interesting. A lot of 381 00:18:31,560 --> 00:18:34,879 Speaker 1: the coins that they've got listed, like XRP or Maker 382 00:18:35,080 --> 00:18:37,080 Speaker 1: scored four and four and a half out of five 383 00:18:37,119 --> 00:18:40,040 Speaker 1: in terms of yes they are likely securities, which kind 384 00:18:40,040 --> 00:18:42,080 Speaker 1: of surprises me a bit that they admit that they 385 00:18:42,160 --> 00:18:47,080 Speaker 1: were listing securities as those exchanges. Something like Maker is 386 00:18:47,119 --> 00:18:49,639 Speaker 1: one of the first dows out there is in it 387 00:18:49,760 --> 00:18:54,000 Speaker 1: is a decentralized autonomous organization and all the token holders 388 00:18:54,080 --> 00:18:56,679 Speaker 1: have a right to help vote and make decisions. So 389 00:18:56,760 --> 00:18:59,080 Speaker 1: maybe that's where they're thinking that it's more of a security. 390 00:18:59,560 --> 00:19:01,800 Speaker 1: But it's not you know, one business or a group 391 00:19:01,800 --> 00:19:04,479 Speaker 1: of people, it's all those thousands of token holders. So 392 00:19:04,600 --> 00:19:06,800 Speaker 1: I'm not really sure why a few things got the 393 00:19:06,880 --> 00:19:10,880 Speaker 1: ratings they did, but those currencies like bitcoin and lightcoin 394 00:19:10,960 --> 00:19:13,560 Speaker 1: that have been around for a while, they didn't have 395 00:19:13,600 --> 00:19:17,320 Speaker 1: any pre minds and they're just centralized. I think that's 396 00:19:17,320 --> 00:19:19,840 Speaker 1: as safe as you can get in terms of listing. 397 00:19:19,840 --> 00:19:22,240 Speaker 1: And that's why a lot of the time we see UM, 398 00:19:22,280 --> 00:19:26,200 Speaker 1: even Wall Street and investment funds they add Bitcoin, ethereum 399 00:19:26,200 --> 00:19:28,280 Speaker 1: and lightcoin first off, because they're the ones that have 400 00:19:28,359 --> 00:19:31,240 Speaker 1: been around the longest, the most decentralized in terms of 401 00:19:31,280 --> 00:19:33,960 Speaker 1: the number of notes UM and the way that they've 402 00:19:33,960 --> 00:19:37,040 Speaker 1: gone about things. Yeah, but what do you think about this, 403 00:19:37,160 --> 00:19:41,760 Speaker 1: like this Industry Reading Council or whatever like Like I 404 00:19:41,800 --> 00:19:43,600 Speaker 1: remember a couple of years ago when they started talking 405 00:19:43,600 --> 00:19:47,240 Speaker 1: about the need for for regulation and UM. I kind 406 00:19:47,240 --> 00:19:50,000 Speaker 1: of thought, you know what, the industry does need regulation 407 00:19:50,040 --> 00:19:51,919 Speaker 1: because there was a lot of bad actors. I just 408 00:19:51,960 --> 00:19:55,160 Speaker 1: don't think the government is the best person to do 409 00:19:55,200 --> 00:19:57,879 Speaker 1: the regulating. And I kind of thought about UM. I 410 00:19:57,880 --> 00:19:59,040 Speaker 1: don't know how it is in Australia, but in the 411 00:19:59,080 --> 00:20:01,119 Speaker 1: United States, I'm guessing it's the same. But we have 412 00:20:01,160 --> 00:20:05,040 Speaker 1: a really big like UM supplement industry, you know, protein 413 00:20:05,080 --> 00:20:08,200 Speaker 1: powders and workout potions and things like that, and those 414 00:20:08,440 --> 00:20:11,240 Speaker 1: in the United States, we have the FDA, which basically 415 00:20:11,320 --> 00:20:15,120 Speaker 1: regulates all food and stuff, and most of these these 416 00:20:15,280 --> 00:20:19,479 Speaker 1: supplements don't don't fall under the FDA guidelines, so they 417 00:20:19,480 --> 00:20:22,720 Speaker 1: don't regulate that. And so people were basically putting whatever 418 00:20:22,800 --> 00:20:24,719 Speaker 1: crap they wanted to put in these things right, and 419 00:20:24,800 --> 00:20:27,520 Speaker 1: it was not good. And so you started to get 420 00:20:27,520 --> 00:20:31,520 Speaker 1: these like internal company or companies that were like rating agency. 421 00:20:31,640 --> 00:20:33,920 Speaker 1: So like this protein powder, they could if they got 422 00:20:33,920 --> 00:20:37,040 Speaker 1: the seal from this private company certifying that their products 423 00:20:37,040 --> 00:20:40,160 Speaker 1: were quality in their operations quality, then people who will 424 00:20:40,200 --> 00:20:41,520 Speaker 1: be willing to pay more for that. So I kind 425 00:20:41,560 --> 00:20:44,119 Speaker 1: of thought of it like that, like maybe if if 426 00:20:44,119 --> 00:20:46,800 Speaker 1: the cryptotiers you could regulate itself, you wouldn't need the 427 00:20:46,840 --> 00:20:50,120 Speaker 1: government to come in. Um, do you think that's kind 428 00:20:50,119 --> 00:20:52,840 Speaker 1: of what this is or how do you see that? Yeah? 429 00:20:52,840 --> 00:20:55,399 Speaker 1: So putting my farmbcist head. On industry, we have the 430 00:20:55,480 --> 00:20:58,800 Speaker 1: t g A, which is the Therapeutic Goods Administration, and 431 00:20:58,880 --> 00:21:01,919 Speaker 1: for for medicine and things that are sold in pharmacy 432 00:21:02,000 --> 00:21:04,520 Speaker 1: off the shelves, you've got to be tested for safety 433 00:21:04,560 --> 00:21:09,000 Speaker 1: and efficacy. For other things, we have to be sure 434 00:21:09,000 --> 00:21:11,000 Speaker 1: that they're at least safe. So you still have to 435 00:21:11,040 --> 00:21:14,080 Speaker 1: get tested to make sure there's no rat poison in there. 436 00:21:14,400 --> 00:21:17,200 Speaker 1: So that's kind of the way that those products sit 437 00:21:17,480 --> 00:21:19,560 Speaker 1: as far as far as I believe. Now, if there's 438 00:21:19,560 --> 00:21:23,040 Speaker 1: exceptions out there, then maybe I'm getting something wrong. But 439 00:21:23,119 --> 00:21:24,800 Speaker 1: at the end of the day, people want to know 440 00:21:24,920 --> 00:21:27,679 Speaker 1: that something has been certified by the people in the know, 441 00:21:28,400 --> 00:21:31,400 Speaker 1: but not just random A small private company that could 442 00:21:31,440 --> 00:21:33,159 Speaker 1: be saying that everything is okay as long as they 443 00:21:33,160 --> 00:21:35,800 Speaker 1: get paid a bit of under the table cash payments 444 00:21:35,840 --> 00:21:40,280 Speaker 1: like the rating agencies at the bond markets during the GFC. 445 00:21:41,119 --> 00:21:44,040 Speaker 1: But I'd rather see coin basing cracking, people in the 446 00:21:44,119 --> 00:21:46,680 Speaker 1: know help to do this than the government go about 447 00:21:46,680 --> 00:21:49,000 Speaker 1: this themselves. And you know, look at the SEC and 448 00:21:49,040 --> 00:21:51,800 Speaker 1: the CFTC. I think they've been behind the April and 449 00:21:52,000 --> 00:21:55,360 Speaker 1: very slow to move on the whole crypto adoption and regulation. 450 00:21:56,000 --> 00:21:59,280 Speaker 1: But again, doesn't really matter. If you're in Venezuela or 451 00:21:59,359 --> 00:22:03,359 Speaker 1: Argentina and someone's telling you that micah is a writing 452 00:22:03,359 --> 00:22:05,840 Speaker 1: of four out of five, it's possibly a security and 453 00:22:05,920 --> 00:22:07,840 Speaker 1: you all they're considering whether or not to use their 454 00:22:08,040 --> 00:22:11,320 Speaker 1: last stable coin to to save your life savings or 455 00:22:11,359 --> 00:22:14,560 Speaker 1: put food on the table for your family. I think 456 00:22:14,600 --> 00:22:17,000 Speaker 1: sometimes we just forget however, one is focused on what's 457 00:22:17,000 --> 00:22:20,280 Speaker 1: going on in the US or regulation, whereas the centralized 458 00:22:20,320 --> 00:22:23,119 Speaker 1: world or all these other developing nations, you know, no 459 00:22:23,200 --> 00:22:25,240 Speaker 1: one cares. They're going to download the app and use 460 00:22:25,320 --> 00:22:27,920 Speaker 1: these things no matter what. Yeah, that's a good point. 461 00:22:28,280 --> 00:22:31,120 Speaker 1: We definitely, um, we definitely kind of have that that 462 00:22:31,160 --> 00:22:33,399 Speaker 1: bias right of the country that we're in, the problems 463 00:22:33,400 --> 00:22:35,800 Speaker 1: that we have. I think I think I was just 464 00:22:35,840 --> 00:22:39,239 Speaker 1: a little bit disappointed where like, um, they weren't like 465 00:22:39,359 --> 00:22:42,720 Speaker 1: really evaluating the company, um as if as if the 466 00:22:42,760 --> 00:22:46,359 Speaker 1: company is good, like, um, do they actually have developers? 467 00:22:46,400 --> 00:22:49,239 Speaker 1: Are they doing commits to their get hub? Like are 468 00:22:49,280 --> 00:22:51,280 Speaker 1: they actually trying to build something? It was just are 469 00:22:51,280 --> 00:22:53,560 Speaker 1: they a security or not? And like who really cares? 470 00:22:54,000 --> 00:22:56,960 Speaker 1: Like who who cares if it's a security right? I 471 00:22:56,960 --> 00:22:58,800 Speaker 1: think so, I think that's kind of where they missed 472 00:22:58,840 --> 00:23:01,040 Speaker 1: it. It It was kind of like, I don't know, what 473 00:23:01,080 --> 00:23:04,399 Speaker 1: do you think? Yeah, yeah, well, if we saw EOS 474 00:23:04,440 --> 00:23:06,879 Speaker 1: this morning, get that fun twenty four million out of 475 00:23:06,880 --> 00:23:09,919 Speaker 1: four billion rice. So even if you are security, if 476 00:23:09,960 --> 00:23:11,880 Speaker 1: you're gonna get a fun, it's like less than one 477 00:23:11,880 --> 00:23:14,000 Speaker 1: percent of what you writed. Who even cares if you 478 00:23:14,040 --> 00:23:16,320 Speaker 1: are security anymore? So I'm just not really sure where 479 00:23:16,320 --> 00:23:18,560 Speaker 1: they got on with all of these. Yeah, that was 480 00:23:18,640 --> 00:23:20,320 Speaker 1: that was ridiculous. And we see that happened all the 481 00:23:20,320 --> 00:23:23,080 Speaker 1: time in the banking industry, where you know, these these 482 00:23:23,440 --> 00:23:27,119 Speaker 1: global global banks will do whatever, hundreds of billions of 483 00:23:27,160 --> 00:23:29,400 Speaker 1: dollars of damage and then just get like a small, 484 00:23:29,600 --> 00:23:33,200 Speaker 1: tiny little fine. It's like, I mean, who wouldn't pay 485 00:23:33,240 --> 00:23:35,720 Speaker 1: one percent to get away with you know, making four 486 00:23:35,760 --> 00:23:38,240 Speaker 1: billion dollars. So I thought, like you said, with that 487 00:23:38,320 --> 00:23:42,440 Speaker 1: eos uh, that was that that that definitely was unsettling. 488 00:23:42,640 --> 00:23:45,200 Speaker 1: I'm not a fan of the SEC. I'm not a 489 00:23:45,200 --> 00:23:48,840 Speaker 1: fan of the SEC. I'm going after and finding these companies. 490 00:23:49,119 --> 00:23:51,960 Speaker 1: I'm kind of like a personal responsibility kind of buyer 491 00:23:52,000 --> 00:23:53,840 Speaker 1: beware type of guy, where like it should be up 492 00:23:53,880 --> 00:23:55,720 Speaker 1: to meet it, like do my due diligence. So I 493 00:23:55,760 --> 00:23:58,120 Speaker 1: don't really think the SEC should be doing that. However 494 00:23:59,160 --> 00:24:01,880 Speaker 1: they are, and since they are, there needs to be 495 00:24:01,960 --> 00:24:04,880 Speaker 1: some standard in fairness there. And this was completely not 496 00:24:05,200 --> 00:24:08,720 Speaker 1: right much rather than say that, use the energy and 497 00:24:08,800 --> 00:24:11,879 Speaker 1: race sources on stamping out all the scams. And you know, 498 00:24:12,000 --> 00:24:15,320 Speaker 1: we know that AOS isn't a straight up you know scam. 499 00:24:15,440 --> 00:24:17,879 Speaker 1: Some people don't like it short, but in terms of 500 00:24:17,920 --> 00:24:20,359 Speaker 1: these pungies games and all the scams in the o 501 00:24:20,480 --> 00:24:23,160 Speaker 1: CEO world, surely they could be better spent going after 502 00:24:23,240 --> 00:24:25,920 Speaker 1: those and maybe get getting some of the investors funds back, 503 00:24:26,359 --> 00:24:28,920 Speaker 1: rather than saying, you know, we think this one possibly 504 00:24:28,960 --> 00:24:30,320 Speaker 1: it was a security and we're gonna give them a 505 00:24:30,320 --> 00:24:34,800 Speaker 1: small fun like who cares? What's the outcome now? Yeah? Exactly, 506 00:24:34,840 --> 00:24:37,119 Speaker 1: And and what kind of precedence does it set right 507 00:24:37,160 --> 00:24:39,280 Speaker 1: for other companies where it's like, if I'm gonna get 508 00:24:39,280 --> 00:24:41,320 Speaker 1: a one percent fine, like, why not, then let me go? 509 00:24:41,680 --> 00:24:43,440 Speaker 1: I mean, shoot, if I can go raise thirty million 510 00:24:43,520 --> 00:24:45,359 Speaker 1: and just pay a three million dollar fine, like maybe 511 00:24:45,400 --> 00:24:48,760 Speaker 1: I should making making me rethink my I c O 512 00:24:48,840 --> 00:24:51,879 Speaker 1: out here all of a sudden mock coin and another 513 00:24:51,920 --> 00:24:54,560 Speaker 1: big coin fork. Yeah exactly, I just do a big 514 00:24:54,560 --> 00:24:57,560 Speaker 1: cooin fork and uh and offer it as a as 515 00:24:57,560 --> 00:25:01,920 Speaker 1: an I c oh man at that point, why not? Yeah? 516 00:25:01,960 --> 00:25:03,760 Speaker 1: So I don't know, we'll see what the sec does. 517 00:25:03,800 --> 00:25:06,399 Speaker 1: I mean, there's all kinds of rules and stuff regulations 518 00:25:06,400 --> 00:25:08,760 Speaker 1: that are there that are not They are not good, 519 00:25:08,840 --> 00:25:10,960 Speaker 1: I mean not not just that. And then you look 520 00:25:10,960 --> 00:25:13,560 Speaker 1: at the traditional world and it plays into this right 521 00:25:13,560 --> 00:25:16,680 Speaker 1: because now as these are going to be rated as securities, 522 00:25:17,200 --> 00:25:20,320 Speaker 1: then you have traditional securities laws of plane, which then 523 00:25:20,359 --> 00:25:23,639 Speaker 1: also means accredited investor laws. Do they have a credited 524 00:25:23,680 --> 00:25:27,960 Speaker 1: investor laws down in Australia for certain things, Yes, But 525 00:25:28,040 --> 00:25:30,640 Speaker 1: it's a lot more open than in the US, so 526 00:25:30,680 --> 00:25:34,280 Speaker 1: you can actually invest in some startups here. I know 527 00:25:34,359 --> 00:25:37,159 Speaker 1: that early on I wasn't an incredited investor and I 528 00:25:37,200 --> 00:25:40,800 Speaker 1: was allowed to launch invest in an i PO back 529 00:25:40,840 --> 00:25:43,120 Speaker 1: in the day, so it's a little bit more open 530 00:25:43,160 --> 00:25:45,240 Speaker 1: than in the US. But I think those US laws 531 00:25:45,240 --> 00:25:48,720 Speaker 1: are just so so crazy they lead to inequality. It's 532 00:25:48,760 --> 00:25:51,280 Speaker 1: basically saying that only the rich can invest in solid 533 00:25:51,359 --> 00:25:53,800 Speaker 1: companies and once they've grown and they're big and investors 534 00:25:53,840 --> 00:25:56,440 Speaker 1: have made money, then the average man on the street 535 00:25:56,480 --> 00:25:59,280 Speaker 1: can buy them off the rich guard. Yeah, and it's 536 00:25:59,280 --> 00:26:02,080 Speaker 1: even worse than at I mean that supposedly it's there 537 00:26:02,119 --> 00:26:03,920 Speaker 1: to protect a little guy, right, but it's almost worse 538 00:26:03,960 --> 00:26:06,280 Speaker 1: than that, because as we've seen recently and just the 539 00:26:06,359 --> 00:26:08,560 Speaker 1: last few big name I p os that have come 540 00:26:08,600 --> 00:26:11,480 Speaker 1: out with like Lift and whatever, is like, um, the 541 00:26:11,520 --> 00:26:14,440 Speaker 1: guys who got in early made a bunch of money, 542 00:26:14,480 --> 00:26:16,959 Speaker 1: but as soon as it hit public and the public 543 00:26:17,040 --> 00:26:19,400 Speaker 1: bought it, it dumped hard, and all of a sudden, 544 00:26:19,400 --> 00:26:21,359 Speaker 1: those people rushed and bought it and last fifty of 545 00:26:21,400 --> 00:26:23,280 Speaker 1: their money or something seven percent of their money, so 546 00:26:23,320 --> 00:26:25,160 Speaker 1: like there was no protection. As a matter of fact, 547 00:26:25,280 --> 00:26:29,680 Speaker 1: it wasn't just no protection, they actually harmed those people. Yeah, 548 00:26:29,840 --> 00:26:32,200 Speaker 1: some of these, some of these apos we've seen lightly 549 00:26:32,359 --> 00:26:35,920 Speaker 1: lifts and ubers, and the valuations. I think it's it's 550 00:26:35,920 --> 00:26:38,800 Speaker 1: a symptom of stocks and markets being overvalued. At the 551 00:26:38,840 --> 00:26:41,280 Speaker 1: same time, there's too much money out there, you know, 552 00:26:41,320 --> 00:26:43,440 Speaker 1: there's lots of money still on the sidelines wanting to chase, 553 00:26:43,920 --> 00:26:46,080 Speaker 1: and then we have the cycle of the heart. It's 554 00:26:46,160 --> 00:26:48,000 Speaker 1: very similar to our c o s. The amount of 555 00:26:48,040 --> 00:26:50,480 Speaker 1: advertising that gets done for these companies when they list, 556 00:26:50,880 --> 00:26:52,960 Speaker 1: and it's just a horrible you know, I know, was 557 00:26:53,000 --> 00:26:57,760 Speaker 1: it Um the plant based burghers that ran beyond made 558 00:26:57,800 --> 00:27:00,840 Speaker 1: that ran from whatever price up nearly a thousand percent 559 00:27:00,920 --> 00:27:03,560 Speaker 1: and then it dumps hod Um. The markets are just 560 00:27:03,600 --> 00:27:05,760 Speaker 1: as wild, but yet we can't get up equin a 561 00:27:05,840 --> 00:27:09,680 Speaker 1: t F. Yeah, exactly. Well, you know the people, I mean, 562 00:27:09,880 --> 00:27:13,040 Speaker 1: the sec somewhat right where the people aren't really educated 563 00:27:13,440 --> 00:27:15,760 Speaker 1: and so they are like, well, shoot, I see uber 564 00:27:15,840 --> 00:27:17,720 Speaker 1: uber is growing really fast. I use Uber. I like 565 00:27:17,840 --> 00:27:20,080 Speaker 1: uber Uber seems like a great company. All invest into it, 566 00:27:20,320 --> 00:27:24,560 Speaker 1: but they haven't really actually looked at there's no profit there, Like, 567 00:27:24,600 --> 00:27:26,160 Speaker 1: how am I how do I get my money back 568 00:27:26,200 --> 00:27:29,320 Speaker 1: if there's no profit? Right? So, like they've been blinded by, 569 00:27:29,560 --> 00:27:32,640 Speaker 1: as you said, the marketing UM, but they don't see 570 00:27:32,760 --> 00:27:36,760 Speaker 1: exactly how it works. So I think sometimes maybe that 571 00:27:36,840 --> 00:27:39,159 Speaker 1: protection that you think you're getting is actually kind of 572 00:27:39,160 --> 00:27:40,719 Speaker 1: working against you, because then you let your guard down. 573 00:27:40,760 --> 00:27:42,199 Speaker 1: I know what's happened to me in my in my 574 00:27:42,240 --> 00:27:46,320 Speaker 1: personal life, you know, maybe UH one investment deal, I 575 00:27:46,359 --> 00:27:49,960 Speaker 1: had this uh nineties six unit building in Atlanta that 576 00:27:50,080 --> 00:27:53,200 Speaker 1: I was invested into, and UH I was investing with 577 00:27:53,240 --> 00:27:56,000 Speaker 1: a guy I've never invested with, but it was uh 578 00:27:56,040 --> 00:27:58,000 Speaker 1: he was referred to me by someone else that I 579 00:27:58,000 --> 00:28:00,119 Speaker 1: worked with. And because he was referred to me by 580 00:28:00,119 --> 00:28:02,560 Speaker 1: someone else I worked with, UM, I let my guard down. 581 00:28:02,600 --> 00:28:04,600 Speaker 1: I really didn't vet him or the project as well 582 00:28:04,640 --> 00:28:07,159 Speaker 1: as I should have, and uh it turned out to 583 00:28:07,160 --> 00:28:10,280 Speaker 1: be a complete nightmare. Went in the litigation A couple 584 00:28:10,280 --> 00:28:13,120 Speaker 1: of years later, I got like of my money back, 585 00:28:13,400 --> 00:28:16,080 Speaker 1: and uh, just one example of just I let my 586 00:28:16,080 --> 00:28:18,879 Speaker 1: guard down. He was supposedly he was safe and it wasn't. 587 00:28:18,960 --> 00:28:22,600 Speaker 1: So yeah, And that's the same in Australia and real estate, 588 00:28:22,680 --> 00:28:25,840 Speaker 1: so there's really a little less regulation around. And when 589 00:28:25,840 --> 00:28:29,520 Speaker 1: we had the housing bubble, apartments were popping out left, 590 00:28:29,560 --> 00:28:31,400 Speaker 1: right and center. And now we're finding out that they've 591 00:28:31,400 --> 00:28:35,960 Speaker 1: got you know, cladding that's catching on fire. The construction 592 00:28:36,119 --> 00:28:40,120 Speaker 1: is cracking. These Chinese investors were piling and runs money 593 00:28:40,160 --> 00:28:42,440 Speaker 1: into the next project and these things are collapsing. It 594 00:28:42,480 --> 00:28:44,520 Speaker 1: was basically a Ponzi scheme and people were putting down 595 00:28:44,520 --> 00:28:47,120 Speaker 1: deposits of a hundred thousand for these units because they 596 00:28:47,120 --> 00:28:48,840 Speaker 1: thought they're going to sell them for a million dollars 597 00:28:48,840 --> 00:28:50,720 Speaker 1: two years later. And now it's just all collapse and 598 00:28:50,760 --> 00:28:55,920 Speaker 1: there's no protection. Yeah. So, um, where do you think. 599 00:28:56,480 --> 00:28:59,480 Speaker 1: Have you hear the hear the tagline on Twitter that 600 00:28:59,520 --> 00:29:03,160 Speaker 1: bitcoin fixes this, like a hashtag bitcoin fixes this, And 601 00:29:03,200 --> 00:29:05,960 Speaker 1: it seems like almost almost no problem that we hear. 602 00:29:06,080 --> 00:29:09,960 Speaker 1: We hear like, oh well bitcoin can fix this, um. 603 00:29:10,000 --> 00:29:11,560 Speaker 1: And I think at the end of the day, like 604 00:29:11,600 --> 00:29:14,520 Speaker 1: almost every problem that we have in society really traces 605 00:29:14,560 --> 00:29:17,400 Speaker 1: back down to the money. So I think that's why 606 00:29:17,480 --> 00:29:19,160 Speaker 1: it kind of makes sense I mean, if you had 607 00:29:19,160 --> 00:29:21,880 Speaker 1: a sound money again it fixes more problems than you 608 00:29:22,320 --> 00:29:25,440 Speaker 1: then you probably realize. But where do you think all 609 00:29:25,480 --> 00:29:30,640 Speaker 1: the other crypto tokens sit in the in the ecosystem? Yeah, 610 00:29:30,720 --> 00:29:33,560 Speaker 1: if I encourage everyone, if on which one video of ours, 611 00:29:33,640 --> 00:29:36,320 Speaker 1: We did an interview with the docta um and we 612 00:29:36,360 --> 00:29:38,600 Speaker 1: spoke about everything that's wrong in the world of health 613 00:29:38,640 --> 00:29:41,480 Speaker 1: and nutrition and pharmacy and medicine these guys, and it 614 00:29:41,560 --> 00:29:44,720 Speaker 1: all comes back to money. Now where these other old 615 00:29:44,720 --> 00:29:46,920 Speaker 1: coins sit. Uh, some of them have a little bit 616 00:29:46,960 --> 00:29:48,880 Speaker 1: of a community and a purpose, and let's let's talk 617 00:29:48,880 --> 00:29:50,920 Speaker 1: about that. Let's talk about that interview real quick. So 618 00:29:51,400 --> 00:29:53,760 Speaker 1: health and the health system all comes back down to money. 619 00:29:53,880 --> 00:29:56,680 Speaker 1: That's the interview that you had. So what we found 620 00:29:56,800 --> 00:30:00,280 Speaker 1: was that my message to people was eight health fee. 621 00:30:00,280 --> 00:30:03,400 Speaker 1: And there's an obesity, diabetes, heart disease epidemic in Australia, 622 00:30:03,480 --> 00:30:05,520 Speaker 1: just like there is in the US. And it only 623 00:30:05,560 --> 00:30:08,920 Speaker 1: came about since we had corporations spring up and again 624 00:30:09,000 --> 00:30:11,400 Speaker 1: then all of a sudden, food becomes a for profit industry. 625 00:30:11,760 --> 00:30:14,640 Speaker 1: It's pretty simple to be healthy. Eat what people have 626 00:30:14,680 --> 00:30:17,000 Speaker 1: eaten for thousands of years. If you're in the wild, 627 00:30:17,360 --> 00:30:19,760 Speaker 1: you know, you can catch you can catch animals and 628 00:30:19,760 --> 00:30:22,400 Speaker 1: eat a bit of meat. It's that's not meat that's 629 00:30:22,440 --> 00:30:25,440 Speaker 1: been pumped with antibodies and growth hormones. It's a natural 630 00:30:25,480 --> 00:30:27,920 Speaker 1: bit of meat that's lived in harmony with nature. Then 631 00:30:27,920 --> 00:30:30,200 Speaker 1: there's plenty of vegetables out there, and there's fruit that 632 00:30:30,240 --> 00:30:32,640 Speaker 1: you can find it's in season. You know, a few 633 00:30:32,720 --> 00:30:35,440 Speaker 1: nuts and grains and whatnot. You eat that diet. You know, 634 00:30:35,480 --> 00:30:38,080 Speaker 1: we don't see animals in the wild running around with 635 00:30:38,080 --> 00:30:41,360 Speaker 1: heart disease and diabetes and OBEs. So it's pretty simple. 636 00:30:41,440 --> 00:30:44,440 Speaker 1: But now you walk into the supermarket of the shells 637 00:30:44,480 --> 00:30:49,080 Speaker 1: are full of things that are process carbon, hydrates, sugar, 638 00:30:49,520 --> 00:30:52,960 Speaker 1: bright packaging. It's all just become this for profit industry. 639 00:30:53,000 --> 00:30:56,320 Speaker 1: And this surgeon was a specialist in diabetes and he 640 00:30:56,480 --> 00:30:59,240 Speaker 1: was having to amputate people's leambs because they were to 641 00:30:59,280 --> 00:31:02,600 Speaker 1: that point where you know, they've got infections and diabetes 642 00:31:02,640 --> 00:31:04,800 Speaker 1: is that bad. And then they'd wake up in hospital 643 00:31:04,840 --> 00:31:08,040 Speaker 1: and get fed ice cream and orange juice, and he's saying, 644 00:31:08,040 --> 00:31:09,959 Speaker 1: you've got to stop giving these people sugar. They've got 645 00:31:09,920 --> 00:31:12,280 Speaker 1: an infection. I've just cut off their leg. And then 646 00:31:12,720 --> 00:31:15,640 Speaker 1: the cereal companies and the sugar companies came in and 647 00:31:15,760 --> 00:31:18,520 Speaker 1: Ford hum and he actually got deregistered for a point 648 00:31:18,560 --> 00:31:20,400 Speaker 1: and then he won his case and now he's become 649 00:31:20,440 --> 00:31:23,240 Speaker 1: a bit of a whistle block. So how messages that. Yeah, 650 00:31:23,280 --> 00:31:26,760 Speaker 1: the whole food and grain industry, supermarkets, it's all this 651 00:31:26,920 --> 00:31:29,240 Speaker 1: this big for profit thing and then you get sick, 652 00:31:29,280 --> 00:31:31,440 Speaker 1: and then the pharmacy is a big for profit thing. 653 00:31:31,480 --> 00:31:34,719 Speaker 1: Now as if people looked after themselves, I don't say, 654 00:31:34,720 --> 00:31:35,920 Speaker 1: have a lot of money and be that would be 655 00:31:35,920 --> 00:31:38,920 Speaker 1: a lot healthier and as an echo chamber because then 656 00:31:39,040 --> 00:31:41,440 Speaker 1: all the doctors that have come up in the last 657 00:31:41,600 --> 00:31:44,920 Speaker 1: whatever how many years have only been taught one thing, 658 00:31:45,120 --> 00:31:48,239 Speaker 1: and so it's it's sometimes education is a bad thing, 659 00:31:48,320 --> 00:31:49,959 Speaker 1: right if you've been educated with the wrong thing. And 660 00:31:49,960 --> 00:31:52,080 Speaker 1: so we've kind of seen that echo chamber. I was 661 00:31:52,120 --> 00:31:55,680 Speaker 1: at a bitcoin conference a month and then a month ago, 662 00:31:55,680 --> 00:31:59,080 Speaker 1: a month and a a half ago in Dallas. Um and 663 00:31:59,320 --> 00:32:02,040 Speaker 1: Safety and was their author of the Bitcoin standard. He 664 00:32:02,080 --> 00:32:04,600 Speaker 1: was he was talking and it was all the bitcoiners 665 00:32:04,640 --> 00:32:08,520 Speaker 1: and Matt O'Dell and Pierre Rochard and Bitstein and anyway 666 00:32:08,800 --> 00:32:11,880 Speaker 1: Safety and gave a talk and it was it was 667 00:32:12,040 --> 00:32:18,520 Speaker 1: fiat money, fiat food. Yeah, and and basically the Fiat money, 668 00:32:18,560 --> 00:32:22,200 Speaker 1: which is fake money, which basically creates all this waste, 669 00:32:22,520 --> 00:32:26,320 Speaker 1: has created fiat food, which is fake food. And in 670 00:32:26,520 --> 00:32:31,600 Speaker 1: order you know, uh, sound money gives us this long 671 00:32:31,800 --> 00:32:35,560 Speaker 1: time preference and and this fiat money, fake money, we 672 00:32:35,560 --> 00:32:38,080 Speaker 1: all want short term, right, And so that's kind of 673 00:32:38,080 --> 00:32:41,280 Speaker 1: what the food has done. And so um, they've basically 674 00:32:41,360 --> 00:32:45,400 Speaker 1: Fiat money created Fiat food, fake food. And these guys, uh, 675 00:32:45,480 --> 00:32:48,560 Speaker 1: they're all they're all carnivores, so there and I had 676 00:32:48,600 --> 00:32:50,760 Speaker 1: never I didn't really know much about that. Uh, and 677 00:32:50,840 --> 00:32:54,760 Speaker 1: they're they're just like meat eaters. But they they talked 678 00:32:54,760 --> 00:32:58,760 Speaker 1: a go ahead. Safetan watched video and I was putting 679 00:32:58,800 --> 00:33:00,960 Speaker 1: in touch with the ductor into viewed. And when you 680 00:33:01,000 --> 00:33:03,479 Speaker 1: first hear about card of very think men that is crazy. 681 00:33:03,520 --> 00:33:06,160 Speaker 1: Where do they get their vitamin safe from or whatnot. 682 00:33:06,360 --> 00:33:08,680 Speaker 1: But there's actually a lot of populations out there that 683 00:33:08,760 --> 00:33:11,360 Speaker 1: only ate meat, um, you know, and I only ate fat. 684 00:33:11,520 --> 00:33:14,720 Speaker 1: You know, down in the arty people only wild blubber 685 00:33:14,840 --> 00:33:18,080 Speaker 1: and whatnot. And there's more evidence coming out now and 686 00:33:18,080 --> 00:33:20,040 Speaker 1: it's something that I need to research more that the 687 00:33:20,120 --> 00:33:22,680 Speaker 1: more sugar and carbohydrates you eat, the more your body 688 00:33:22,680 --> 00:33:26,680 Speaker 1: actually needs bottom and C is one of those um processes. 689 00:33:26,760 --> 00:33:28,680 Speaker 1: So there's actually evidence out there that if you eat 690 00:33:28,720 --> 00:33:30,880 Speaker 1: the whole animal, not just not just a big steak, 691 00:33:30,920 --> 00:33:34,440 Speaker 1: if you're eating every part of an animal, yeah, a 692 00:33:34,480 --> 00:33:36,800 Speaker 1: lot of vitamins and minerals and and live a pretty 693 00:33:36,800 --> 00:33:40,120 Speaker 1: healthy loss. Yeah. And I've really been in the diet 694 00:33:40,200 --> 00:33:42,280 Speaker 1: exercise for the last thirty years, and I've I've studied 695 00:33:42,320 --> 00:33:44,760 Speaker 1: a lot of a diet um and I thought I 696 00:33:44,800 --> 00:33:47,000 Speaker 1: was pretty tuned into that, but I hadn't really. I 697 00:33:47,040 --> 00:33:49,680 Speaker 1: wasn't really aware of this all carnivore diet, and and 698 00:33:49,920 --> 00:33:51,800 Speaker 1: over the last since I've been back, I've been doing 699 00:33:51,880 --> 00:33:54,360 Speaker 1: quite a bit of research into it, and uh, it's 700 00:33:54,440 --> 00:33:57,600 Speaker 1: it's compelling. I mean, I I recommend everyone just to 701 00:33:57,640 --> 00:33:59,320 Speaker 1: spend a little bit of time on Google doing their 702 00:33:59,360 --> 00:34:02,960 Speaker 1: own research to it, and uh, it's it's very compelling. 703 00:34:03,560 --> 00:34:05,920 Speaker 1: I think it's definitely an extreme for most people. I'd 704 00:34:05,920 --> 00:34:07,880 Speaker 1: love them just to stop with the more of a 705 00:34:08,000 --> 00:34:11,120 Speaker 1: k tite dot and just eight those vegetables for its 706 00:34:11,200 --> 00:34:12,880 Speaker 1: eight what we've been eating for thousands of years and 707 00:34:12,880 --> 00:34:15,319 Speaker 1: cut out everything in the package. Yeah, and that's kind 708 00:34:15,320 --> 00:34:17,840 Speaker 1: of what the what I believed, which is uh, eat 709 00:34:18,160 --> 00:34:21,920 Speaker 1: anything that's that's living or was living. Right, if it 710 00:34:21,960 --> 00:34:24,400 Speaker 1: wasn't alive or isn't alive, don't eat it. So plants alive, 711 00:34:24,920 --> 00:34:27,600 Speaker 1: you know, meat alive. UM. And so I've been kind 712 00:34:27,600 --> 00:34:30,560 Speaker 1: of like a I've tried strict kettle before, but mostly 713 00:34:30,640 --> 00:34:33,279 Speaker 1: like low car pipe fat diet. UM. Just try to 714 00:34:33,280 --> 00:34:37,160 Speaker 1: eat almost no carbs if I can. UM. But so 715 00:34:37,200 --> 00:34:39,399 Speaker 1: that's why I was completely shocked when he was telling 716 00:34:39,400 --> 00:34:44,080 Speaker 1: me about this, And I'm like, but what about vegetables, Like, 717 00:34:44,320 --> 00:34:47,560 Speaker 1: we need vitamins, right, we need nutrients from vegetables, And 718 00:34:47,560 --> 00:34:50,680 Speaker 1: he's like, no, you don't. Like the amount of nutrients 719 00:34:50,680 --> 00:34:52,640 Speaker 1: we get from vegetables is so miniscule. You have to 720 00:34:52,640 --> 00:34:54,600 Speaker 1: eat so much of it to make a difference. And 721 00:34:54,680 --> 00:34:56,600 Speaker 1: you can get you can get all that and just 722 00:34:56,680 --> 00:35:00,479 Speaker 1: a little bit of meat. So I'm not doing it yet, 723 00:35:00,600 --> 00:35:02,759 Speaker 1: but I've been doing my research and it's compelling. It's 724 00:35:02,800 --> 00:35:06,160 Speaker 1: it's interesting. It's actually very hard to make the transition. 725 00:35:06,239 --> 00:35:09,400 Speaker 1: So for someone that's the body is used to consuming 726 00:35:09,400 --> 00:35:12,200 Speaker 1: a lot of sugar or even carbohydrates, it takes your 727 00:35:12,239 --> 00:35:15,440 Speaker 1: body awake or more to to switch out of it 728 00:35:15,520 --> 00:35:18,799 Speaker 1: to these KHI systems to stop breaking down proteins more so, 729 00:35:19,320 --> 00:35:21,440 Speaker 1: that's why people feel terrible when the day they start 730 00:35:21,480 --> 00:35:23,759 Speaker 1: these crashed thoughts. They've got an energy and whatnot. You 731 00:35:23,840 --> 00:35:26,359 Speaker 1: actually got to do it gradually and build up. They 732 00:35:26,360 --> 00:35:30,279 Speaker 1: call it the ketto flu. That's hot. Yeah, but yeah, 733 00:35:30,360 --> 00:35:33,560 Speaker 1: so anyway, that's Fiat money, Fiat food, and and just 734 00:35:34,200 --> 00:35:36,880 Speaker 1: one one of the things is that you know, they've 735 00:35:38,719 --> 00:35:41,960 Speaker 1: they've they've tried to use food as an inflation gauge. Right, 736 00:35:42,000 --> 00:35:45,400 Speaker 1: so like the average basket of food was, you know, 737 00:35:45,440 --> 00:35:47,680 Speaker 1: twenty dollars, and today you can still buy a basket 738 00:35:47,680 --> 00:35:50,239 Speaker 1: of food tween dollars. The difference was we used to 739 00:35:50,239 --> 00:35:52,480 Speaker 1: get real food for twenty dollars, today we get fake 740 00:35:52,520 --> 00:35:56,279 Speaker 1: food for twenty and so that was that was one 741 00:35:56,320 --> 00:35:58,000 Speaker 1: of the points that was made on there as well. 742 00:35:58,760 --> 00:36:01,640 Speaker 1: Oh yeah, I mean the basket of goods that he's 743 00:36:01,719 --> 00:36:04,359 Speaker 1: used to calculate inflation. And you can see that your 744 00:36:04,440 --> 00:36:07,640 Speaker 1: bottle of coke's gone down from six sixty meals to 745 00:36:07,800 --> 00:36:10,520 Speaker 1: five hundred and now they've got these two seventy five 746 00:36:10,560 --> 00:36:13,399 Speaker 1: meal cans, but it still costs three dollars. And that's 747 00:36:13,400 --> 00:36:15,839 Speaker 1: what you six sixty meal bottle of coke used to cost. 748 00:36:15,920 --> 00:36:19,239 Speaker 1: And it's just this shrink flation effect. And everyone's seen 749 00:36:19,280 --> 00:36:21,480 Speaker 1: that graphic where you used to get the basket of 750 00:36:21,520 --> 00:36:23,879 Speaker 1: goods and what it's buying you compared to to big 751 00:36:23,920 --> 00:36:28,040 Speaker 1: point over time. Yeah, what about in Australia? What about 752 00:36:28,560 --> 00:36:32,640 Speaker 1: what about health insurance? I posted the other day that 753 00:36:32,719 --> 00:36:36,719 Speaker 1: I pay I have a young family of four, very healthy. Uh, 754 00:36:36,880 --> 00:36:39,040 Speaker 1: never go to doct We pay eighteen thousand a year 755 00:36:39,719 --> 00:36:42,360 Speaker 1: and health insurance. And that got quite a bit of 756 00:36:42,360 --> 00:36:44,160 Speaker 1: an uproar, and I saw a lot of people from 757 00:36:44,160 --> 00:36:48,600 Speaker 1: Australia chaming in about how cheap it was there. So 758 00:36:49,000 --> 00:36:52,000 Speaker 1: up until I got married, like just basic health insurance 759 00:36:52,040 --> 00:36:55,040 Speaker 1: for me was like thirty dollars a month, and then 760 00:36:55,280 --> 00:36:59,719 Speaker 1: now we're married and we've got a little one more expensive, 761 00:37:00,000 --> 00:37:01,560 Speaker 1: be a couple of hundred dollars a month, maybe a 762 00:37:01,600 --> 00:37:05,439 Speaker 1: thousand dollars a year. Yeah, it was still seeing more 763 00:37:05,520 --> 00:37:08,840 Speaker 1: people get rid of it because we're I think it 764 00:37:08,880 --> 00:37:11,279 Speaker 1: starts going into recession. We're seeing people cut out what 765 00:37:11,320 --> 00:37:13,560 Speaker 1: they view is unnecessary costs. So the amount of people 766 00:37:13,600 --> 00:37:17,600 Speaker 1: with private health insurances declining. It let's go to public. 767 00:37:18,440 --> 00:37:21,680 Speaker 1: Oh well, we've got a pretty decent public system. So 768 00:37:21,719 --> 00:37:25,800 Speaker 1: it's free. Yeah, yeah, cool, well interesting stuff. I always 769 00:37:25,840 --> 00:37:27,719 Speaker 1: like to hear what it's like, get that perspective on 770 00:37:27,840 --> 00:37:30,000 Speaker 1: other areas of the world. We've talked a lot of 771 00:37:30,000 --> 00:37:33,480 Speaker 1: people from Europe and Russia and China and now Australia. 772 00:37:33,560 --> 00:37:35,440 Speaker 1: So I love that. So appreciate you taking the time 773 00:37:35,440 --> 00:37:40,640 Speaker 1: to give us that perspective. Um. Yeah, So why don't 774 00:37:40,640 --> 00:37:42,640 Speaker 1: you just tell everybody where they can keep up with 775 00:37:42,640 --> 00:37:44,200 Speaker 1: you and the news that you put out if they 776 00:37:44,200 --> 00:37:47,359 Speaker 1: want to. Yeah, so Nuggets News guys U. I'm Alex 777 00:37:47,400 --> 00:37:49,800 Speaker 1: sawander Is. I'm pretty active on Twitter, but yeah, Nuggets 778 00:37:49,800 --> 00:37:51,560 Speaker 1: News on YouTube is where we put out most of 779 00:37:51,600 --> 00:37:54,600 Speaker 1: our contents UM and nuggets News dot Com Today Youth 780 00:37:54,600 --> 00:37:57,800 Speaker 1: for everything else that we do. Yeah, perfect, all right, Alex, 781 00:37:57,840 --> 00:38:00,000 Speaker 1: thanks so much taking the time. We'll talk soon. Also, 782 00:38:00,120 --> 00:38:03,600 Speaker 1: thanks Mark Cheess. Guys. Hey, if you like this episode 783 00:38:03,600 --> 00:38:06,840 Speaker 1: of the Market Disruptors podcast, please help us take this 784 00:38:06,920 --> 00:38:09,440 Speaker 1: to the top of the podcast charts. Just please do 785 00:38:09,480 --> 00:38:13,160 Speaker 1: me a favor and rate, review and subscribe. Taking fifteen 786 00:38:13,160 --> 00:38:15,560 Speaker 1: seconds to just leave a quick review goes a long 787 00:38:15,600 --> 00:38:18,640 Speaker 1: way and helping us reach more people and disrupt more markets. 788 00:38:18,920 --> 00:38:21,239 Speaker 1: I really appreciate you listening and I'll See you next 789 00:38:21,280 --> 00:38:23,080 Speaker 1: time on the Market Disruptors podcast