Speaker 1: So the big question is this, how do investors like
Speaker 1: us get access to the ideas, information, and most importantly,
Speaker 1: the right people that give us the tools and information
Speaker 1: we need to make conformed and educated decisions to have success.
Speaker 1: That is the question, and this podcast will give us
Speaker 1: the answers. This is Mark Moss, your host. Let's get
Speaker 1: this started. Hello and welcome to another episode of the
Speaker 1: Market Disruptors podcast. Today I'm joined with Alexanders from Nuggets
Speaker 1: News Australia. He's been reporting the news for quite some time,
Speaker 1: always has really great insights and so I'm really happy
Speaker 1: to have you on the show. Welcome Alex, thanks for
Speaker 1: having me. I'm looking forward to getting into it today. Yeah.
Speaker 1: So we've had a couple of good conversations uh in
Speaker 1: the past, sharing information back and forth. It's always always
Speaker 1: a treat to talk to you about. Just for those
Speaker 1: that don't know who you are, why don't you give
Speaker 1: us a little bit of a background of of kind
Speaker 1: of how you get into the space and what you're
Speaker 1: doing currently. Long story, are sure. I was a pharmacist
Speaker 1: by trade, but I always loved investing and then I
Speaker 1: lost a favorit of money in the GFC when my
Speaker 1: parents gave me some shares. That was my twenty first birthday.
Speaker 1: So I went down the investing rabbit hole. I wanted
Speaker 1: to learn about how banks, debt and money works. Became
Speaker 1: a bit of a libertarian cipherpunk and read zero hedge
Speaker 1: and that's where I found big coined in two thousand
Speaker 1: and twelve. And that's obviously a bigger rabbit hole that
Speaker 1: most people know whence you fall down. Uh. And then
Speaker 1: in two thousands and seventeen I was able to quit
Speaker 1: my job and really start doing crypto education, trading investing
Speaker 1: full time. And so we've been doing that now for
Speaker 1: nearly nearly three years across Australia and YouTube and a
Speaker 1: bit of everything where we try and educate people and
Speaker 1: everything that's going on in the space. Yeah, and it's
Speaker 1: been great. You've been given some really good insights into
Speaker 1: the markets and I appreciate that. So lately there's been
Speaker 1: quite some news coming out of Australia and so I
Speaker 1: wanted to get your take on NAP. You know, overall,
Speaker 1: bitcoin cryptocurrencies is cryptography, right, So it's in cryption and
Speaker 1: that's obviously this this massive trend that we're having and
Speaker 1: it goes into philosophical debates of privacy and things like that.
Speaker 1: But in regards to cryptography encryption, Australia has taken some
Speaker 1: pretty tough stances on that. I think about a year
Speaker 1: ago um forcing companies to build a back door, and
Speaker 1: then today with some unlocking laws. What do you see
Speaker 1: about that? Yes, so there's a bill called the a
Speaker 1: a Bill and it's all about having access to encryption
Speaker 1: and apps and for government asked you to build a
Speaker 1: back door or hand over some information. That employee has
Speaker 1: to do that. And the other thing is they can't
Speaker 1: tell their boss of their company that they've been told
Speaker 1: they have to do this. They can actually go to
Speaker 1: jail themselves. So some people are saying, how on earth
Speaker 1: can you ban encryption and Australia believe that they're above
Speaker 1: the laws of mathematics and software. So we haven't even
Speaker 1: seen any cases being just disputed yet about how this
Speaker 1: is all going to work in the real world. But
Speaker 1: that's kind of what they're going at, along with another
Speaker 1: bill where you have to hand over all your passwords
Speaker 1: and pin numbers. There was a gentleman that went her
Speaker 1: video and viral of him coming through Sydney Airport and
Speaker 1: they took his laptop and they actually took all the
Speaker 1: data off it. And he was a software engineer, so
Speaker 1: he was able to check what they've done to his laptop,
Speaker 1: whereas a lot of other people maybe wouldn't have known.
Speaker 1: So there's a few different laws going on at the
Speaker 1: moment um. And yeah, they're pushing this one as a
Speaker 1: fine up to five years in jail if you don't
Speaker 1: hand over all your passwords and all your data. And
Speaker 1: that's not just in airports anymore, that's anywhere on the street.
Speaker 1: But as I say, we haven't really seen any cases
Speaker 1: of this yet, but it's certainly they're in the law,
Speaker 1: and that's pretty worrying. It's definitely worrying that there was
Speaker 1: a lot I thought about a year ago roughly that
Speaker 1: was that companies had to start building a back door
Speaker 1: in Did that go through or is that just a
Speaker 1: bill so that that is in in law, But as
Speaker 1: I said, well, it's not. The companies don't have to
Speaker 1: do it immediately. They have to be able to do
Speaker 1: it if they get issued a warrant. I believe that's
Speaker 1: how it works. So a lot of the tech companies
Speaker 1: aren't based in Australia. But if you're serving Australian individuals.
Speaker 1: In theory, if they issue a warrant to Facebook, do
Speaker 1: they have to build this back door? I know we
Speaker 1: saw a few years ago Apple really pushed back against that.
Speaker 1: So we're waiting to probably see the first case of
Speaker 1: this play out. Yeah, that's interesting. The way it seems
Speaker 1: that it normally works is not even the laws aren't
Speaker 1: really so much we're the companies at but we're the
Speaker 1: customers that company is servicing. So if that company was
Speaker 1: a US based company like Apple for example, or even
Speaker 1: in a different jurisdiction because they're servicing Australian customers, potentially
Speaker 1: they could be liable to that right. Absolutely, very similar
Speaker 1: to what we see with the European customers and those
Speaker 1: new laws. Now, yeah, but how many people are even
Speaker 1: aware of this stuff or care? And I think it's
Speaker 1: once we have that first be incident of someone losing
Speaker 1: all their data, and remember once the government has this
Speaker 1: that they store and we sell these data breaches all
Speaker 1: the time, So yes, it's over it's overarching. I don't
Speaker 1: know how government can even think that they're able to
Speaker 1: do this and enforce this. We haven't really had any
Speaker 1: bad instances in Australia, but it seems that we're becoming
Speaker 1: the most heavily policed. Another law or bill was proposed
Speaker 1: this week where they're installing a number of cameras around
Speaker 1: cities with AI that look into your car and see
Speaker 1: what you're doing. And they're talking about this as getting
Speaker 1: people that are on their phones and catching it. But
Speaker 1: obviously they're going to collect all this data watch what
Speaker 1: people doing in their cars. Um, we really are becoming
Speaker 1: heavily surpailed. It's it's just really scary, isn't it. I mean,
Speaker 1: what is it they need all that for? Right? I
Speaker 1: think you said you kind of went down the libertarian
Speaker 1: rabbit hole a little bit and kind of like the
Speaker 1: basics of that would be like if I'm not hurting anybody,
Speaker 1: leave me alone. And this is almost like everybody is guilty,
Speaker 1: we just need to catch them, right would you say that? Yeah?
Speaker 1: And Australia, as I said, doesn't have a lot of
Speaker 1: problems with terrorism. I think we've had, you know, one
Speaker 1: instance in the past ten years, we've got the you know,
Speaker 1: we don't have a lot of firearms in our society.
Speaker 1: We don't have problems with with that sort of crime.
Speaker 1: So I just don't know why we need to be
Speaker 1: so heavily surveilled when we're peaceful place for at the time, Well,
Speaker 1: I think we understand why. Right. It's it's always a
Speaker 1: matter of control, right, So it's a matter of if
Speaker 1: you can control the information, you can control the people.
Speaker 1: And I think in today's age it's even more scary
Speaker 1: because now through you know, Facebook and social media and whatnot,
Speaker 1: they're using like artificial intelligence to even um show you
Speaker 1: what they want to show you so that you can
Speaker 1: develop the way they want you to develop. And then
Speaker 1: if they're surveilling you, they can see if you're diverting
Speaker 1: down that path. Right, Yeah, that's fantastic. Have you seen
Speaker 1: the documentary I forget the name now with a Cambridge
Speaker 1: Analytica and they spoke about all that sort of thing
Speaker 1: where you can direct you know, people towards maybe voting
Speaker 1: for Brexit or Trump if they otherwise wouldn't have. But
Speaker 1: we definitely see that, and I know last week Facebook
Speaker 1: brought that company with the mind reading bracelets. Have you
Speaker 1: seen this yet? No, I haven't seen anything about the
Speaker 1: main reading um but I did see in twenty sixteen.
Speaker 1: Uh it, Well, when all that stuff came out about
Speaker 1: Cambridge Analytica. Um, they found out that in twenty Facebook
Speaker 1: had been practicing, um, putting different news feeds to different
Speaker 1: people to see if they could change their moods and
Speaker 1: stuff like that. So they've been experimenting on us basically. Yeah, absolutely,
Speaker 1: and that it really is explained well in that documentary.
Speaker 1: And they peek on the people that are on the
Speaker 1: fence or undecided and the people that have a certain
Speaker 1: mindset already, they only continue to show you that type
Speaker 1: of information, so then you get that echo chamber effect
Speaker 1: where you're never going to change your mind and be
Speaker 1: set in your way. So yeah, it's interesting where this
Speaker 1: is all going, and I think be tech of being
Speaker 1: maybe called to account a little bit more. In the
Speaker 1: US we see a few more trials and a lot
Speaker 1: of pushback, but in Australia it seems like they're going
Speaker 1: the whole hold straight away. I'm wondering, was the was
Speaker 1: a Netflix special called Secrets of Silicon Valley. Uh no,
Speaker 1: no it wasn't. Um It'll it'll come to me though, Okay,
Speaker 1: I have that written down as one that I should
Speaker 1: watch someone recommended to me, so UM, I looked it
Speaker 1: up and That's why I was asking. But that's okay.
Speaker 1: But you know, so it's interesting to see obviously, like
Speaker 1: I said, with cryptocurrency and being cryptography, being encryption, how
Speaker 1: does the you know, how how does this continue to grow?
Speaker 1: Crypt cryptography, encryption, crypto, cryptocurrencies, How does it continue to grow?
Speaker 1: When you have countries like Australia, which I'm sure is
Speaker 1: not going to be the only one really cracking down
Speaker 1: against cryptocurrencies. What do you think happens with that? Yeah,
Speaker 1: I mean another thing that Australia proposing at the moment
Speaker 1: is the cash band over ten thousand dollars and they're
Speaker 1: talking about bringing that to down to five or even
Speaker 1: two thou dollars, and I want to include cryptocurrencies if
Speaker 1: crypto becomes, you know, a payment system that people are
Speaker 1: using day to day. So what does that? What does
Speaker 1: that mean? A cash band? So they're not going to
Speaker 1: let you pay someone if you want to buy a
Speaker 1: car for the two thousand dollars. Secondhand, you can't pay
Speaker 1: in cash. They're banning cash payments over a certain threshold.
Speaker 1: And we believe that this is all part of the
Speaker 1: road to negative interest rates, where they don't want people
Speaker 1: to be able to take cash out of banks slowly
Speaker 1: and slowly and steady. But included in that is cryptocurrency
Speaker 1: and as well as this ban on encryption they're pushing.
Speaker 1: But despite all of this, it's how how do you
Speaker 1: possibly police it? And Andreas talks about this a lot.
Speaker 1: Once you're in the crypto ecosystem and you have your
Speaker 1: bitcoin or your manarow, and you've got all your wallets,
Speaker 1: as long as this stuff isn't attached to exchanges, that's
Speaker 1: the only really thing that they can plex, the on
Speaker 1: ramps and off ramps. So if you can find a
Speaker 1: job or a way to earn a little bit of cryptocurrency,
Speaker 1: and you keep your an amenity online, how do they say, well,
Speaker 1: you know, you know a lot of pay mark two
Speaker 1: thousand dollars in bitcoin. If he helps you edit a video,
Speaker 1: there's no way for them to possibly know, you know,
Speaker 1: we've sent that, except where you're using an encrypted wallet,
Speaker 1: which they have a back door to. So now they're
Speaker 1: looking inside your wallet and the senior depositing withdraws. Yeah,
Speaker 1: and let's say that I set up um uh Jack's wallet,
Speaker 1: a bread bullet and engine wallet whatever it is. If
Speaker 1: I've in stole that on my computer and I'm using
Speaker 1: a VAPN. Again, how do they possibly know I've done
Speaker 1: that on my own device. I really think if you're
Speaker 1: if you have to be savvy. But there's still ways
Speaker 1: to maintain privacy, even in Australia. Yeah, I think, you know,
Speaker 1: I mean, there's there's definitely that argument. And and I'm
Speaker 1: sure in Australia, just like anywhere in the rest of
Speaker 1: the world, passing a low to make something illegal doesn't
Speaker 1: stop it by any means. And and and we have
Speaker 1: history that actually shows the opposite, Like during the prohibition
Speaker 1: in the United States, you know, alcohol took off really
Speaker 1: big and and obviously since the War on Drugs has
Speaker 1: been around since about the seventies, drugs is only drugs
Speaker 1: have only gotten bigger. Um And so you look at
Speaker 1: things like, you know, marijuana, which requires you to you know,
Speaker 1: plan aunt something and water it, and you have to
Speaker 1: have room, you have to grow it, and you have
Speaker 1: to harvest and do all these things, and and then
Speaker 1: transport it and their smells and there's all these issues
Speaker 1: and hasn't stopped that. They can't even keep it out
Speaker 1: of a prison, the most you know, arguably the most
Speaker 1: secure place in the world. So how are they gonna
Speaker 1: ban a completely digital encrypted thing, right, So, um, it's
Speaker 1: gonna be really hard, I guess. Yeah. We see like
Speaker 1: a premium on bitcoin in places like Career or China
Speaker 1: when we have a crackdown. As you say, drugs are bands,
Speaker 1: and I think Istra has some of the most expensive
Speaker 1: drugs in the world. You know, the average process of
Speaker 1: say cocaine, I think it's three hundred dollars here, where
Speaker 1: it's close to the thirty dollars you know, you know
Speaker 1: a lot of other places around the world, and that's
Speaker 1: because of the premium that it's placed by making something
Speaker 1: illegal and creating black and gray markets. Yeah. Yeah, So
Speaker 1: I'm just curious overall. I mean, how how has this
Speaker 1: impacted you or what do you think how it's impacted Australia.
Speaker 1: I mean, are you seen do you think this is
Speaker 1: a negative for people of Australia in a sense where
Speaker 1: maybe you don't have the jobs, are the companies there,
Speaker 1: Maybe the companies are going to be moving out of
Speaker 1: the country. I mean, this is going to affect your kids,
Speaker 1: your grandkids. Oh. We've definitely seen some pushback from the
Speaker 1: tech companies and one of the things just zooming out
Speaker 1: about our economies that we've become to rely on the
Speaker 1: housing market and you know the mining boom with China,
Speaker 1: and we don't have those high paying tech jobs. And
Speaker 1: we talked to a lot of people in recruiting and
Speaker 1: they can't convince people to come and work in Australia
Speaker 1: of course of things like the encryption laws. Um, it's
Speaker 1: pretty expensive to leave. So I think it's actually all
Speaker 1: bad for our economy longer term. But yeah, if you're
Speaker 1: a tech company with these laws on earth, would you
Speaker 1: want to start up in Australia where you can move
Speaker 1: over to Southeast Asia or anywhere else. Yeah, it's always
Speaker 1: like the government's always talking about stimulating the economy and
Speaker 1: creating jobs and doing these things right, but really they
Speaker 1: can't do any of that. Well, the only thing they
Speaker 1: can do is get out of the way or you know,
Speaker 1: take their boot off your neck, right. Um. And so
Speaker 1: with all these policies is that are meant to protect
Speaker 1: and to stimulate, Really what they do is just squash
Speaker 1: and drive away. It seems like, yeah, I know you've
Speaker 1: probably spoken about this a lot as well. You know,
Speaker 1: central banks of these levers of interest rates and money creation,
Speaker 1: and that's how they stimulate in their minds. But what
Speaker 1: we're saying, like right now being debated is central banks
Speaker 1: saying well, monetary policy is at its limits, and they're
Speaker 1: going to turn around the governments and say it was
Speaker 1: as your photo, or you need to do more fiscally
Speaker 1: and spend more and great jobs, whereas governments are going
Speaker 1: to say, hold on, central banks, you've been telling us
Speaker 1: that you're in control and monacy, monetary policy works. Now
Speaker 1: it's clear that it hasn't, and you're gonna blame us.
Speaker 1: And as you say, the real jobs and innovation and
Speaker 1: growth comes from that free market and entrepreneurs. Yeah, yeah,
Speaker 1: that's interesting. That's actually something we were talking about before
Speaker 1: we went before we started recording, we went live and
Speaker 1: we were talking about the price of bitcoin um and
Speaker 1: right now you know, it's down, it's looking like it's
Speaker 1: going back up, and we're just gonna talk about that
Speaker 1: real quickly. And I told you how you know some
Speaker 1: and I was talking to someone last night and they're
Speaker 1: asking me, he's it gonna go back down? Should I wait?
Speaker 1: Should I get back in? What's and asked me my prediction?
Speaker 1: And I said, look, I don't I don't look for
Speaker 1: that forecast, I said. The forecast I'm looking at is
Speaker 1: the seventeen trillion dollars of negative yielding debt or the
Speaker 1: FED injecting money or whatever. So the points that you're
Speaker 1: bringing up um and you're right, uh, those are the
Speaker 1: things that are are driving bitcoin for sure. I think
Speaker 1: one thing, you know, I've been studying this for a
Speaker 1: long time, as as you have really dove in. Once
Speaker 1: the you know GFC as you called it, the Great
Speaker 1: Financial Crass two tho really took off. It seemed like
Speaker 1: as over you know, two thousand ten, two thousand twelve UM,
Speaker 1: the central banks of the world, we're basically just going
Speaker 1: all in on qu e QB infinity UM. And once
Speaker 1: interest rates hit zero, we thought they would have no
Speaker 1: leverage left. As you said, they can just lower rates
Speaker 1: and inject money. But now they've broken through zero. Now
Speaker 1: they're negative right, So then like, where's the bottom on that? Now?
Speaker 1: It's funny when he sat to think about where this
Speaker 1: goes in the in the next cycle or the second
Speaker 1: or third depression recession that we have, and you think, well,
Speaker 1: what afraid to get to negative ten? What's happening there
Speaker 1: is that if you've got a mortgage, ten percent of
Speaker 1: that is actually been eroded or paid off for you
Speaker 1: each year, and yeah, where does this go? And people
Speaker 1: kind of get excited when they hear think stuff like that,
Speaker 1: Oh geez, ten percent of my mortgage gets paid off
Speaker 1: a year. But you have to understand that things would
Speaker 1: be so bad at that time that you probably wouldn't
Speaker 1: have a job, or you know, your partner wouldn't have
Speaker 1: a job in the economy would be exploding. So where
Speaker 1: does this all go? I think bitcoin is having this,
Speaker 1: as you say, whether you want to think about it
Speaker 1: as a life raft. With the limited number of seats
Speaker 1: or property, we know that it's scarce, and what are
Speaker 1: people going to pay to get a little bit of
Speaker 1: land or a seat on that boat at a time
Speaker 1: when all fear money and currencies are just being inflated
Speaker 1: away to pay off unfunded liabilities, trying to base their
Speaker 1: currency in currency wars, and bitcoin isn't getting stronger or
Speaker 1: going up in price. It's not the way to think
Speaker 1: of it. You just have to think of it that
Speaker 1: it's becoming more and more scarce relative to everything else
Speaker 1: that's happening around us. Yeah, that's a good way to
Speaker 1: put it. Now, a lot of people think that bitcoin
Speaker 1: is not scarce because anybody can just copy it and
Speaker 1: make their own crypto. And there's thousands of cryptocurrencies, So
Speaker 1: what do you say about that. I think initially the
Speaker 1: first four becoin cash, there was a fairly decent chunk,
Speaker 1: let's call it ten percent of the community that weren't
Speaker 1: happy with the block size and their debate, so they
Speaker 1: can go off and do their own being it's a
Speaker 1: free market, it's it's anti fragile. Becoin becomes stronger, and
Speaker 1: then next off we saw bitcoin gold and maybe that
Speaker 1: was one percent, and now we've got bitcoin you know whatever.
Speaker 1: There's probably thirty or fifty folks out there, and they
Speaker 1: all become smaller and smaller and less relevant, and they
Speaker 1: can they can tinker and try different things. But yeah,
Speaker 1: it is just making bitcoin stronger and stronger. Imagine, you know,
Speaker 1: the government would say you're allowed of folk bitcoin. That
Speaker 1: would be their response, and then people would maybe want
Speaker 1: the thing you're not allowed to have, and it makes
Speaker 1: it a little bit more exclusive. But in this frame market,
Speaker 1: bitcoin is just powered ahead and the head and look
Speaker 1: at the bitcoin dominance, you know, in regards to the folks,
Speaker 1: not just in regards to oap cooins where it's absorbing
Speaker 1: market share, is a lot of the other projects people
Speaker 1: realize they're no good. They turned back to Bitcoin, but
Speaker 1: in terms of its dominance against the other folks, it's
Speaker 1: just getting stronger and stronger. So, yeah, you have as
Speaker 1: many folks as you want, but they don't have the
Speaker 1: community or network effects. Yeah. It's kind of like, um,
Speaker 1: like if you had a rare piece of art like
Speaker 1: the Mona Lisa, and you can make as many prints
Speaker 1: and put it on T shirts and put it on
Speaker 1: mugs and make posters for your house and make as
Speaker 1: many copy as if you want, but it doesn't diminish
Speaker 1: the value of the original exactly. That's really good by
Speaker 1: to put it. Yeah. Yeah, so you can make all
Speaker 1: these cryptos that you want, but it's not going to
Speaker 1: take away from the original bitcoin. Um. But but we
Speaker 1: do have all these different cryptos we have, I don't know,
Speaker 1: at least I'm guessing if not more. And I get
Speaker 1: it that summers start serving different needs. They're all they're
Speaker 1: all not aim to be the new minetary base layer.
Speaker 1: One of the things that was in the news this
Speaker 1: week was this new Crypto Readings Council, and it's kind
Speaker 1: of like, what is it like a kind of a
Speaker 1: self regulated industry insiders kind of reading agency. What are
Speaker 1: you seeing about that? Yes, so I think it was
Speaker 1: coin based cracking. You know, a lot of the more
Speaker 1: reputable exchanges that have been around for a while come
Speaker 1: together with this rating system of where they think something
Speaker 1: is on a fully decentralized versus possibly as security, and
Speaker 1: a few of their decisions were interesting. A lot of
Speaker 1: the coins that they've got listed, like XRP or Maker
Speaker 1: scored four and four and a half out of five
Speaker 1: in terms of yes they are likely securities, which kind
Speaker 1: of surprises me a bit that they admit that they
Speaker 1: were listing securities as those exchanges. Something like Maker is
Speaker 1: one of the first dows out there is in it
Speaker 1: is a decentralized autonomous organization and all the token holders
Speaker 1: have a right to help vote and make decisions. So
Speaker 1: maybe that's where they're thinking that it's more of a security.
Speaker 1: But it's not you know, one business or a group
Speaker 1: of people, it's all those thousands of token holders. So
Speaker 1: I'm not really sure why a few things got the
Speaker 1: ratings they did, but those currencies like bitcoin and lightcoin
Speaker 1: that have been around for a while, they didn't have
Speaker 1: any pre minds and they're just centralized. I think that's
Speaker 1: as safe as you can get in terms of listing.
Speaker 1: And that's why a lot of the time we see UM,
Speaker 1: even Wall Street and investment funds they add Bitcoin, ethereum
Speaker 1: and lightcoin first off, because they're the ones that have
Speaker 1: been around the longest, the most decentralized in terms of
Speaker 1: the number of notes UM and the way that they've
Speaker 1: gone about things. Yeah, but what do you think about this,
Speaker 1: like this Industry Reading Council or whatever like Like I
Speaker 1: remember a couple of years ago when they started talking
Speaker 1: about the need for for regulation and UM. I kind
Speaker 1: of thought, you know what, the industry does need regulation
Speaker 1: because there was a lot of bad actors. I just
Speaker 1: don't think the government is the best person to do
Speaker 1: the regulating. And I kind of thought about UM. I
Speaker 1: don't know how it is in Australia, but in the
Speaker 1: United States, I'm guessing it's the same. But we have
Speaker 1: a really big like UM supplement industry, you know, protein
Speaker 1: powders and workout potions and things like that, and those
Speaker 1: in the United States, we have the FDA, which basically
Speaker 1: regulates all food and stuff, and most of these these
Speaker 1: supplements don't don't fall under the FDA guidelines, so they
Speaker 1: don't regulate that. And so people were basically putting whatever
Speaker 1: crap they wanted to put in these things right, and
Speaker 1: it was not good. And so you started to get
Speaker 1: these like internal company or companies that were like rating agency.
Speaker 1: So like this protein powder, they could if they got
Speaker 1: the seal from this private company certifying that their products
Speaker 1: were quality in their operations quality, then people who will
Speaker 1: be willing to pay more for that. So I kind
Speaker 1: of thought of it like that, like maybe if if
Speaker 1: the cryptotiers you could regulate itself, you wouldn't need the
Speaker 1: government to come in. Um, do you think that's kind
Speaker 1: of what this is or how do you see that? Yeah?
Speaker 1: So putting my farmbcist head. On industry, we have the
Speaker 1: t g A, which is the Therapeutic Goods Administration, and
Speaker 1: for for medicine and things that are sold in pharmacy
Speaker 1: off the shelves, you've got to be tested for safety
Speaker 1: and efficacy. For other things, we have to be sure
Speaker 1: that they're at least safe. So you still have to
Speaker 1: get tested to make sure there's no rat poison in there.
Speaker 1: So that's kind of the way that those products sit
Speaker 1: as far as far as I believe. Now, if there's
Speaker 1: exceptions out there, then maybe I'm getting something wrong. But
Speaker 1: at the end of the day, people want to know
Speaker 1: that something has been certified by the people in the know,
Speaker 1: but not just random A small private company that could
Speaker 1: be saying that everything is okay as long as they
Speaker 1: get paid a bit of under the table cash payments
Speaker 1: like the rating agencies at the bond markets during the GFC.
Speaker 1: But I'd rather see coin basing cracking, people in the
Speaker 1: know help to do this than the government go about
Speaker 1: this themselves. And you know, look at the SEC and
Speaker 1: the CFTC. I think they've been behind the April and
Speaker 1: very slow to move on the whole crypto adoption and regulation.
Speaker 1: But again, doesn't really matter. If you're in Venezuela or
Speaker 1: Argentina and someone's telling you that micah is a writing
Speaker 1: of four out of five, it's possibly a security and
Speaker 1: you all they're considering whether or not to use their
Speaker 1: last stable coin to to save your life savings or
Speaker 1: put food on the table for your family. I think
Speaker 1: sometimes we just forget however, one is focused on what's
Speaker 1: going on in the US or regulation, whereas the centralized
Speaker 1: world or all these other developing nations, you know, no
Speaker 1: one cares. They're going to download the app and use
Speaker 1: these things no matter what. Yeah, that's a good point.
Speaker 1: We definitely, um, we definitely kind of have that that
Speaker 1: bias right of the country that we're in, the problems
Speaker 1: that we have. I think I think I was just
Speaker 1: a little bit disappointed where like, um, they weren't like
Speaker 1: really evaluating the company, um as if as if the
Speaker 1: company is good, like, um, do they actually have developers?
Speaker 1: Are they doing commits to their get hub? Like are
Speaker 1: they actually trying to build something? It was just are
Speaker 1: they a security or not? And like who really cares?
Speaker 1: Like who who cares if it's a security right? I
Speaker 1: think so, I think that's kind of where they missed
Speaker 1: it. It It was kind of like, I don't know, what
Speaker 1: do you think? Yeah, yeah, well, if we saw EOS
Speaker 1: this morning, get that fun twenty four million out of
Speaker 1: four billion rice. So even if you are security, if
Speaker 1: you're gonna get a fun, it's like less than one
Speaker 1: percent of what you writed. Who even cares if you
Speaker 1: are security anymore? So I'm just not really sure where
Speaker 1: they got on with all of these. Yeah, that was
Speaker 1: that was ridiculous. And we see that happened all the
Speaker 1: time in the banking industry, where you know, these these
Speaker 1: global global banks will do whatever, hundreds of billions of
Speaker 1: dollars of damage and then just get like a small,
Speaker 1: tiny little fine. It's like, I mean, who wouldn't pay
Speaker 1: one percent to get away with you know, making four
Speaker 1: billion dollars. So I thought, like you said, with that
Speaker 1: eos uh, that was that that that definitely was unsettling.
Speaker 1: I'm not a fan of the SEC. I'm not a
Speaker 1: fan of the SEC. I'm going after and finding these companies.
Speaker 1: I'm kind of like a personal responsibility kind of buyer
Speaker 1: beware type of guy, where like it should be up
Speaker 1: to meet it, like do my due diligence. So I
Speaker 1: don't really think the SEC should be doing that. However
Speaker 1: they are, and since they are, there needs to be
Speaker 1: some standard in fairness there. And this was completely not
Speaker 1: right much rather than say that, use the energy and
Speaker 1: race sources on stamping out all the scams. And you know,
Speaker 1: we know that AOS isn't a straight up you know scam.
Speaker 1: Some people don't like it short, but in terms of
Speaker 1: these pungies games and all the scams in the o
Speaker 1: CEO world, surely they could be better spent going after
Speaker 1: those and maybe get getting some of the investors funds back,
Speaker 1: rather than saying, you know, we think this one possibly
Speaker 1: it was a security and we're gonna give them a
Speaker 1: small fun like who cares? What's the outcome now? Yeah? Exactly,
Speaker 1: And and what kind of precedence does it set right
Speaker 1: for other companies where it's like, if I'm gonna get
Speaker 1: a one percent fine, like, why not, then let me go?
Speaker 1: I mean, shoot, if I can go raise thirty million
Speaker 1: and just pay a three million dollar fine, like maybe
Speaker 1: I should making making me rethink my I c O
Speaker 1: out here all of a sudden mock coin and another
Speaker 1: big coin fork. Yeah exactly, I just do a big
Speaker 1: cooin fork and uh and offer it as a as
Speaker 1: an I c oh man at that point, why not? Yeah?
Speaker 1: So I don't know, we'll see what the sec does.
Speaker 1: I mean, there's all kinds of rules and stuff regulations
Speaker 1: that are there that are not They are not good,
Speaker 1: I mean not not just that. And then you look
Speaker 1: at the traditional world and it plays into this right
Speaker 1: because now as these are going to be rated as securities,
Speaker 1: then you have traditional securities laws of plane, which then
Speaker 1: also means accredited investor laws. Do they have a credited
Speaker 1: investor laws down in Australia for certain things, Yes, But
Speaker 1: it's a lot more open than in the US, so
Speaker 1: you can actually invest in some startups here. I know
Speaker 1: that early on I wasn't an incredited investor and I
Speaker 1: was allowed to launch invest in an i PO back
Speaker 1: in the day, so it's a little bit more open
Speaker 1: than in the US. But I think those US laws
Speaker 1: are just so so crazy they lead to inequality. It's
Speaker 1: basically saying that only the rich can invest in solid
Speaker 1: companies and once they've grown and they're big and investors
Speaker 1: have made money, then the average man on the street
Speaker 1: can buy them off the rich guard. Yeah, and it's
Speaker 1: even worse than at I mean that supposedly it's there
Speaker 1: to protect a little guy, right, but it's almost worse
Speaker 1: than that, because as we've seen recently and just the
Speaker 1: last few big name I p os that have come
Speaker 1: out with like Lift and whatever, is like, um, the
Speaker 1: guys who got in early made a bunch of money,
Speaker 1: but as soon as it hit public and the public
Speaker 1: bought it, it dumped hard, and all of a sudden,
Speaker 1: those people rushed and bought it and last fifty of
Speaker 1: their money or something seven percent of their money, so
Speaker 1: like there was no protection. As a matter of fact,
Speaker 1: it wasn't just no protection, they actually harmed those people. Yeah,
Speaker 1: some of these, some of these apos we've seen lightly
Speaker 1: lifts and ubers, and the valuations. I think it's it's
Speaker 1: a symptom of stocks and markets being overvalued. At the
Speaker 1: same time, there's too much money out there, you know,
Speaker 1: there's lots of money still on the sidelines wanting to chase,
Speaker 1: and then we have the cycle of the heart. It's
Speaker 1: very similar to our c o s. The amount of
Speaker 1: advertising that gets done for these companies when they list,
Speaker 1: and it's just a horrible you know, I know, was
Speaker 1: it Um the plant based burghers that ran beyond made
Speaker 1: that ran from whatever price up nearly a thousand percent
Speaker 1: and then it dumps hod Um. The markets are just
Speaker 1: as wild, but yet we can't get up equin a
Speaker 1: t F. Yeah, exactly. Well, you know the people, I mean,
Speaker 1: the sec somewhat right where the people aren't really educated
Speaker 1: and so they are like, well, shoot, I see uber
Speaker 1: uber is growing really fast. I use Uber. I like
Speaker 1: uber Uber seems like a great company. All invest into it,
Speaker 1: but they haven't really actually looked at there's no profit there, Like,
Speaker 1: how am I how do I get my money back
Speaker 1: if there's no profit? Right? So, like they've been blinded by,
Speaker 1: as you said, the marketing UM, but they don't see
Speaker 1: exactly how it works. So I think sometimes maybe that
Speaker 1: protection that you think you're getting is actually kind of
Speaker 1: working against you, because then you let your guard down.
Speaker 1: I know what's happened to me in my in my
Speaker 1: personal life, you know, maybe UH one investment deal, I
Speaker 1: had this uh nineties six unit building in Atlanta that
Speaker 1: I was invested into, and UH I was investing with
Speaker 1: a guy I've never invested with, but it was uh
Speaker 1: he was referred to me by someone else that I
Speaker 1: worked with. And because he was referred to me by
Speaker 1: someone else I worked with, UM, I let my guard down.
Speaker 1: I really didn't vet him or the project as well
Speaker 1: as I should have, and uh it turned out to
Speaker 1: be a complete nightmare. Went in the litigation A couple
Speaker 1: of years later, I got like of my money back,
Speaker 1: and uh, just one example of just I let my
Speaker 1: guard down. He was supposedly he was safe and it wasn't.
Speaker 1: So yeah, And that's the same in Australia and real estate,
Speaker 1: so there's really a little less regulation around. And when
Speaker 1: we had the housing bubble, apartments were popping out left,
Speaker 1: right and center. And now we're finding out that they've
Speaker 1: got you know, cladding that's catching on fire. The construction
Speaker 1: is cracking. These Chinese investors were piling and runs money
Speaker 1: into the next project and these things are collapsing. It
Speaker 1: was basically a Ponzi scheme and people were putting down
Speaker 1: deposits of a hundred thousand for these units because they
Speaker 1: thought they're going to sell them for a million dollars
Speaker 1: two years later. And now it's just all collapse and
Speaker 1: there's no protection. Yeah. So, um, where do you think.
Speaker 1: Have you hear the hear the tagline on Twitter that
Speaker 1: bitcoin fixes this, like a hashtag bitcoin fixes this, And
Speaker 1: it seems like almost almost no problem that we hear.
Speaker 1: We hear like, oh well bitcoin can fix this, um.
Speaker 1: And I think at the end of the day, like
Speaker 1: almost every problem that we have in society really traces
Speaker 1: back down to the money. So I think that's why
Speaker 1: it kind of makes sense I mean, if you had
Speaker 1: a sound money again it fixes more problems than you
Speaker 1: then you probably realize. But where do you think all
Speaker 1: the other crypto tokens sit in the in the ecosystem? Yeah,
Speaker 1: if I encourage everyone, if on which one video of ours,
Speaker 1: We did an interview with the docta um and we
Speaker 1: spoke about everything that's wrong in the world of health
Speaker 1: and nutrition and pharmacy and medicine these guys, and it
Speaker 1: all comes back to money. Now where these other old
Speaker 1: coins sit. Uh, some of them have a little bit
Speaker 1: of a community and a purpose, and let's let's talk
Speaker 1: about that. Let's talk about that interview real quick. So
Speaker 1: health and the health system all comes back down to money.
Speaker 1: That's the interview that you had. So what we found
Speaker 1: was that my message to people was eight health fee.
Speaker 1: And there's an obesity, diabetes, heart disease epidemic in Australia,
Speaker 1: just like there is in the US. And it only
Speaker 1: came about since we had corporations spring up and again
Speaker 1: then all of a sudden, food becomes a for profit industry.
Speaker 1: It's pretty simple to be healthy. Eat what people have
Speaker 1: eaten for thousands of years. If you're in the wild,
Speaker 1: you know, you can catch you can catch animals and
Speaker 1: eat a bit of meat. It's that's not meat that's
Speaker 1: been pumped with antibodies and growth hormones. It's a natural
Speaker 1: bit of meat that's lived in harmony with nature. Then
Speaker 1: there's plenty of vegetables out there, and there's fruit that
Speaker 1: you can find it's in season. You know, a few
Speaker 1: nuts and grains and whatnot. You eat that diet. You know,
Speaker 1: we don't see animals in the wild running around with
Speaker 1: heart disease and diabetes and OBEs. So it's pretty simple.
Speaker 1: But now you walk into the supermarket of the shells
Speaker 1: are full of things that are process carbon, hydrates, sugar,
Speaker 1: bright packaging. It's all just become this for profit industry.
Speaker 1: And this surgeon was a specialist in diabetes and he
Speaker 1: was having to amputate people's leambs because they were to
Speaker 1: that point where you know, they've got infections and diabetes
Speaker 1: is that bad. And then they'd wake up in hospital
Speaker 1: and get fed ice cream and orange juice, and he's saying,
Speaker 1: you've got to stop giving these people sugar. They've got
Speaker 1: an infection. I've just cut off their leg. And then
Speaker 1: the cereal companies and the sugar companies came in and
Speaker 1: Ford hum and he actually got deregistered for a point
Speaker 1: and then he won his case and now he's become
Speaker 1: a bit of a whistle block. So how messages that. Yeah,
Speaker 1: the whole food and grain industry, supermarkets, it's all this
Speaker 1: this big for profit thing and then you get sick,
Speaker 1: and then the pharmacy is a big for profit thing.
Speaker 1: Now as if people looked after themselves, I don't say,
Speaker 1: have a lot of money and be that would be
Speaker 1: a lot healthier and as an echo chamber because then
Speaker 1: all the doctors that have come up in the last
Speaker 1: whatever how many years have only been taught one thing,
Speaker 1: and so it's it's sometimes education is a bad thing,
Speaker 1: right if you've been educated with the wrong thing. And
Speaker 1: so we've kind of seen that echo chamber. I was
Speaker 1: at a bitcoin conference a month and then a month ago,
Speaker 1: a month and a a half ago in Dallas. Um and
Speaker 1: Safety and was their author of the Bitcoin standard. He
Speaker 1: was he was talking and it was all the bitcoiners
Speaker 1: and Matt O'Dell and Pierre Rochard and Bitstein and anyway
Speaker 1: Safety and gave a talk and it was it was
Speaker 1: fiat money, fiat food. Yeah, and and basically the Fiat money,
Speaker 1: which is fake money, which basically creates all this waste,
Speaker 1: has created fiat food, which is fake food. And in
Speaker 1: order you know, uh, sound money gives us this long
Speaker 1: time preference and and this fiat money, fake money, we
Speaker 1: all want short term, right, And so that's kind of
Speaker 1: what the food has done. And so um, they've basically
Speaker 1: Fiat money created Fiat food, fake food. And these guys, uh,
Speaker 1: they're all they're all carnivores, so there and I had
Speaker 1: never I didn't really know much about that. Uh, and
Speaker 1: they're they're just like meat eaters. But they they talked
Speaker 1: a go ahead. Safetan watched video and I was putting
Speaker 1: in touch with the ductor into viewed. And when you
Speaker 1: first hear about card of very think men that is crazy.
Speaker 1: Where do they get their vitamin safe from or whatnot.
Speaker 1: But there's actually a lot of populations out there that
Speaker 1: only ate meat, um, you know, and I only ate fat.
Speaker 1: You know, down in the arty people only wild blubber
Speaker 1: and whatnot. And there's more evidence coming out now and
Speaker 1: it's something that I need to research more that the
Speaker 1: more sugar and carbohydrates you eat, the more your body
Speaker 1: actually needs bottom and C is one of those um processes.
Speaker 1: So there's actually evidence out there that if you eat
Speaker 1: the whole animal, not just not just a big steak,
Speaker 1: if you're eating every part of an animal, yeah, a
Speaker 1: lot of vitamins and minerals and and live a pretty
Speaker 1: healthy loss. Yeah. And I've really been in the diet
Speaker 1: exercise for the last thirty years, and I've I've studied
Speaker 1: a lot of a diet um and I thought I
Speaker 1: was pretty tuned into that, but I hadn't really. I
Speaker 1: wasn't really aware of this all carnivore diet, and and
Speaker 1: over the last since I've been back, I've been doing
Speaker 1: quite a bit of research into it, and uh, it's
Speaker 1: it's compelling. I mean, I I recommend everyone just to
Speaker 1: spend a little bit of time on Google doing their
Speaker 1: own research to it, and uh, it's it's very compelling.
Speaker 1: I think it's definitely an extreme for most people. I'd
Speaker 1: love them just to stop with the more of a
Speaker 1: k tite dot and just eight those vegetables for its
Speaker 1: eight what we've been eating for thousands of years and
Speaker 1: cut out everything in the package. Yeah, and that's kind
Speaker 1: of what the what I believed, which is uh, eat
Speaker 1: anything that's that's living or was living. Right, if it
Speaker 1: wasn't alive or isn't alive, don't eat it. So plants alive,
Speaker 1: you know, meat alive. UM. And so I've been kind
Speaker 1: of like a I've tried strict kettle before, but mostly
Speaker 1: like low car pipe fat diet. UM. Just try to
Speaker 1: eat almost no carbs if I can. UM. But so
Speaker 1: that's why I was completely shocked when he was telling
Speaker 1: me about this, And I'm like, but what about vegetables, Like,
Speaker 1: we need vitamins, right, we need nutrients from vegetables, And
Speaker 1: he's like, no, you don't. Like the amount of nutrients
Speaker 1: we get from vegetables is so miniscule. You have to
Speaker 1: eat so much of it to make a difference. And
Speaker 1: you can get you can get all that and just
Speaker 1: a little bit of meat. So I'm not doing it yet,
Speaker 1: but I've been doing my research and it's compelling. It's
Speaker 1: it's interesting. It's actually very hard to make the transition.
Speaker 1: So for someone that's the body is used to consuming
Speaker 1: a lot of sugar or even carbohydrates, it takes your
Speaker 1: body awake or more to to switch out of it
Speaker 1: to these KHI systems to stop breaking down proteins more so,
Speaker 1: that's why people feel terrible when the day they start
Speaker 1: these crashed thoughts. They've got an energy and whatnot. You
Speaker 1: actually got to do it gradually and build up. They
Speaker 1: call it the ketto flu. That's hot. Yeah, but yeah,
Speaker 1: so anyway, that's Fiat money, Fiat food, and and just
Speaker 1: one one of the things is that you know, they've
Speaker 1: they've they've tried to use food as an inflation gauge. Right,
Speaker 1: so like the average basket of food was, you know,
Speaker 1: twenty dollars, and today you can still buy a basket
Speaker 1: of food tween dollars. The difference was we used to
Speaker 1: get real food for twenty dollars, today we get fake
Speaker 1: food for twenty and so that was that was one
Speaker 1: of the points that was made on there as well.
Speaker 1: Oh yeah, I mean the basket of goods that he's
Speaker 1: used to calculate inflation. And you can see that your
Speaker 1: bottle of coke's gone down from six sixty meals to
Speaker 1: five hundred and now they've got these two seventy five
Speaker 1: meal cans, but it still costs three dollars. And that's
Speaker 1: what you six sixty meal bottle of coke used to cost.
Speaker 1: And it's just this shrink flation effect. And everyone's seen
Speaker 1: that graphic where you used to get the basket of
Speaker 1: goods and what it's buying you compared to to big
Speaker 1: point over time. Yeah, what about in Australia? What about
Speaker 1: what about health insurance? I posted the other day that
Speaker 1: I pay I have a young family of four, very healthy. Uh,
Speaker 1: never go to doct We pay eighteen thousand a year
Speaker 1: and health insurance. And that got quite a bit of
Speaker 1: an uproar, and I saw a lot of people from
Speaker 1: Australia chaming in about how cheap it was there. So
Speaker 1: up until I got married, like just basic health insurance
Speaker 1: for me was like thirty dollars a month, and then
Speaker 1: now we're married and we've got a little one more expensive,
Speaker 1: be a couple of hundred dollars a month, maybe a
Speaker 1: thousand dollars a year. Yeah, it was still seeing more
Speaker 1: people get rid of it because we're I think it
Speaker 1: starts going into recession. We're seeing people cut out what
Speaker 1: they view is unnecessary costs. So the amount of people
Speaker 1: with private health insurances declining. It let's go to public.
Speaker 1: Oh well, we've got a pretty decent public system. So
Speaker 1: it's free. Yeah, yeah, cool, well interesting stuff. I always
Speaker 1: like to hear what it's like, get that perspective on
Speaker 1: other areas of the world. We've talked a lot of
Speaker 1: people from Europe and Russia and China and now Australia.
Speaker 1: So I love that. So appreciate you taking the time
Speaker 1: to give us that perspective. Um. Yeah, So why don't
Speaker 1: you just tell everybody where they can keep up with
Speaker 1: you and the news that you put out if they
Speaker 1: want to. Yeah, so Nuggets News guys U. I'm Alex
Speaker 1: sawander Is. I'm pretty active on Twitter, but yeah, Nuggets
Speaker 1: News on YouTube is where we put out most of
Speaker 1: our contents UM and nuggets News dot Com Today Youth
Speaker 1: for everything else that we do. Yeah, perfect, all right, Alex,
Speaker 1: thanks so much taking the time. We'll talk soon. Also,
Speaker 1: thanks Mark Cheess. Guys. Hey, if you like this episode
Speaker 1: of the Market Disruptors podcast, please help us take this
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Speaker 1: time on the Market Disruptors podcast