Patriot Power Hour #272 - Trump a Bitcoiner?

[00:00:02] Not too long ago, two friends of mine were talking to a Cuban refugee, a businessman who would escape from Castro. And in the midst of his story, one of my friends turned to the other

[00:00:34] and said, we don't know how lucky we are. And the Cuban stopped and said, how lucky you are. I had some place to escape to. And in that sentence, he told us the entire story.

[00:00:46] If we lose freedom here, there's no place to escape to. This is the last stand on earth. This is the last stand on earth. The last stand on earth. You are now listening to the Patriot Power Hour. This live episode features the situational

[00:02:16] awareness you need to practice self-reliance and independence. Introducing your hosts, Ben, the Breaker of Banksters, and Future Dan, the editor of FutureDanger.com. Patriot Power Hour, we're live. It's the 31st of July, 2024. Episode 272, Patriot Power Hour. Ben, the Breaker of Banksters here with Future Dan.

[00:02:43] That was the most news-intensive July we've ever seen on Patriot Power Hour, having broadcast together since 2017. And that was coming off one of the quietest months or even few months string of June, May, April. Pretty quiet. We were pretty low on topics. We had to

[00:03:08] get a little creative here and there. Yes, that's exactly right. We were going through some of these Patriot Power Hours in the 260s time or episode range with five. If we're lucky, 10 qualifying headlines. That's not been the case since January 13th. July 13th. Yep. Yep. That was... J13.

[00:03:37] That was a total change, to say the least. Just a huge spike. But since then we've had a lot of other news articles popping up. So that has been the focus certainly that week

[00:03:50] or two after. We still have a ton of updates and we'll talk a lot about that on tonight's show as well. But a lot of other news has been popping up. And it's not even August

[00:04:01] yet. I guess tomorrow is in certain parts of the world it is now. But not quite yet and things are waking up, I guess, going into the late summer. Yeah. Middle East is back in the news. We'll get into those headlines. Some of these areas

[00:04:17] just kind of tick up in the news, get through a little bit of a contribution to the poly crisis for a while. And then cool right off again after absolutely stunning news, shocking news in some of these areas. Then it just fades and some other set of indicators

[00:04:41] or indicator just heat right up. So it hasn't been this way. I would say in the last seven years, broadcasting with you in the July, August timeframe. We just haven't had these

[00:04:58] peaks that we're getting in the last few weeks. So we're on it. We're going to talk about all these headlines tonight and more. Hit the headlines, dive into some of them. And then we have a special couple clips.

[00:05:11] Trump was at the Bitcoin conference in Nashville, Tennessee last weekend. Got about two minutes worth of clips, a few clips spliced together. We'll analyze a little bit, but it seems like Trump might be a Bitcoin or we're going to wait till after the news blitz, but I'm looking

[00:05:28] forward to that discussion in future Dan. So last night right after midnight where I live, power went out and that doesn't happen a lot when I live. The grid where I live is relatively pretty solid, but you know,

[00:05:50] you can't always prevent power outage. It happens right? And I was just laying in bed. I looked at my window and just looked at the scene of just powerlessness compared to normal.

[00:06:06] And it was kind of made me sit there think like, all right, well, what if that was it? That's not coming back on again anytime soon. Especially long after anything that I got that needs electricity

[00:06:20] has perished or been eaten and now we've gone into the mode that we prepare for, right? And you know that and honestly, you know, there's little to do when the power is out your house immediately.

[00:06:38] And I said, should I check the news? So I see if something's coming across X Twitter or elsewhere that would explain like a nationwide grid down suddenly a regional power outages.

[00:06:51] And I said, you know what? I got my plans in place though come the morning if there's still no power, I know something went very wrong. I'm going to go bed. And I don't know, like, you know, maybe there's criticisms of that approach.

[00:07:06] But I'm just I'm not going to stress out about it because, you know, kind of if it happens, it happens and I know I'm ready in that context of their, you know, tomorrow, you might not see electricity again for a long, long time.

[00:07:24] If ever, how do you make the case why we should care about Bitcoin today? Great point. If you believe they're going to take out the power grid and internet permanently nationwide or even worldwide, then Bitcoin will be essentially worthless at that point.

[00:07:46] So that's why I've always talked about diversification and there's a lot of ways. I won't go down that rabbit trail right now. So if it depends how mad Max,

[00:07:55] you want to get it. If you have a lot of cash in a 401k or an IRA or just sloshing around, a lot of people don't. But I think it's, you know, if you depend on the electronic system already,

[00:08:09] Bitcoin is much, much safer if you self-custody in particular. So we'll get into that. But from a prepper standpoint, there's a real good reason that a lot of folks don't give a crap about Bitcoin. I think it's a scam, but now that Trump's supported it and

[00:08:26] given a few good reasons why it might be worth it as long as we have lights on and internet, then I think it's worth people considering or reconsidering if you've totally written it off. And if not, whatever, I absolutely still think acreage and access to water and knowledge

[00:08:45] and skills and stuff is way more valuable for a prepper. But I think Bitcoin has its place, even just to fund some of those preps before the lights go out. If you think maybe it'll be five, 10, 20 years before it really goes down,

[00:09:00] I think it's going to go down next week. Then yeah, probably not the time to get Bitcoin, I would say. So when I woke up, there was electricity, but if I may, I'd like to answer my own question. There you go.

[00:09:14] So what are you preparing for? Right? Is it preparing for pure survival in the most hellish dystopian landscape? Well, maybe. Can't blame you if you are, honestly. But you might have other preparedness objectives. One of them would be to thrive after the electricity does come back on

[00:09:40] and taking a shot at several, several zeros added to the end of the spot price of Bitcoin when the grid comes back up. Well, look, if Bitcoin goes parabolic and gold in the same thing with gold,

[00:10:02] a lot of that value is going to be eaten away because the price of food is quadrupled or tripled right during that period.

[00:10:12] And the price of a lot of other things have been fladed away or the infrastructure has been destroyed so much that things are just unavailable anyway. So you might be have a million dollar per Bitcoin, but that might only be equal to what? $300,000 today.

[00:10:27] But that's still a lot more than it is today in purchasing power. And that's why the real hardcore Bitcoin people say they don't care what it's valued in US dollars. They're waiting till the financial collapse and then there'll be a full revaluation of all assets into Bitcoin.

[00:10:45] Is pretty much what the Bitcoin maximalists are banking on. Or even if the dollar remained, the value of real estate could be slashed in half. Meanwhile, your Bitcoin investment did something parabolic. So that's a great point.

[00:11:06] It might be worth being prepared if that opportunity presented itself because we talked about before on the show. There's concept of risk management that are implicit to preparedness, right? But if you're doing at the pro level, you're not just doing risk as a negative risk management.

[00:11:28] You're doing risk and opportunity management. And I think being a prepper is preparing for risk, but you should also look at thriving when things do settle down and civilization arrives again. There's opportunity to be managed too. Yes, yes.

[00:11:45] You've got to remember the reward part of the risk reward and with the revaluation and tremors in the economy and all this, what assets go up and what go down might be traced to how much have they been influenced by the financial system.

[00:12:03] So energy and your basic food, water and land, undeveloped land that hasn't had a huge boost because it's in the city or near city. Those might actually go up in value because people want them and they haven't been inflated by Wall Street over the last 20, 30, 40 years, right?

[00:12:25] However, condos and a lot of other more cosmopolitan investments or things that are already expensive, those might drop a lot. So, you know, expensive cars, you might be able to get those firesale 90% off, but they've also gone up 300% in the last 10 years.

[00:12:46] Some of these exotic cars, baseball cards, I expect those to drop big time because they're a bubble, but I expect the price of quality food, not soylent green, not GMO, but quality food to go up a lot. So it depends what it is.

[00:13:03] A nice homestead might go up a fair amount, but I still think, yeah, if you can't afford it yet, it might be worth a lottery ticket to get a little bit of Bitcoin. Maybe that'll help fund it in five, 10 years if we still got power and internet.

[00:13:21] Or after it turns back on. Well, and here's the thing. It would have to be essentially a worldwide shutdown for multiple weeks if not months for Bitcoin to be wiped out in my opinion. So let's just say, That's impossible.

[00:13:37] Essentially, unless there's absolute nuclear war and then no one's cared about Bitcoin. So you know, so it's almost impossible. It's a lot harder than you think.

[00:13:44] So let's just say all the West Coast of the US or even all the US went out for a few weeks or a few months. Your Bitcoin would still be safe and the world would still be running their Bitcoin nodes for sure. It's very decentralized worldwide.

[00:13:58] So unless like, I would say 80, 90 plus percent of the grid worldwide was down of the free grid, maybe not China don't include their, you know, firewall grid necessarily. They still have some Bitcoin over there, but not as much.

[00:14:14] Anyway, very difficult for them to quash it unless they just took it out the internet and or power for multiple weeks worldwide. That's a whole different story like you said. That's impossible. And if there's nuclear war places that were unaffected and you know,

[00:14:32] Bitcoin might become the immediate world's reserve currency if that happened. It would actually play into it. The survivors would say, okay, the only thing we really have in common, especially non tangible things is Bitcoin. It's the only network left.

[00:14:47] There's no more banking system, no more settlement systems, no central banks. Everything's been nuked or just even with a massive collapse of 1929 or worse levels.

[00:14:59] Some countries and or states may start shifting some or all of their strategic reserve as Trump even said he was looking at a stockpile.

[00:15:09] He called it not as a reserve, but my even if the dollar was revalued and 10% of it was valued to go 10% to Bitcoin and the other 80% was Fiat. It would still be superior what it is today.

[00:15:23] I'm not advocating for that, but just that itself would put Bitcoin five times higher than it is right now. The longer Bitcoin proves to be the uninterruptible and unable to be manipulated by any government on earth, the more valuable it's going to be in my mind.

[00:15:46] No downtime ever, never been hacked the actual network itself. There are exchanges and we can talk about it later on. We got to go to break. We're going to do the news bliss. We'll come back to Trump's comments. We can talk about how you can buy it.

[00:15:59] Exchanges where you actually interact between your US dollars and trying to buy Bitcoin. Some of those can be shady. There are better ones than others, but when you actually have Bitcoin and you control it self-custody they call it then essentially impossible to hack unless someone gets your password.

[00:16:21] Your password could be up to 24 words. Think of 24 words in a row. That's a pretty long password. Anyway, future day and we got to go, but coming back to the news bliss. We'll talk more Bitcoin. We've got a lot of other stuff to talk about.

[00:16:35] We might have to go a little late today. No, we're not going to go late. We're just going to pack it in, all right? Trump has brought up Bitcoin.

[00:16:43] We're going to get a primer from Ben the Bankster Breaker on how to buy up slowly and truly over time, trading tops and bottoms. I want to hear a little bit more about that self-custody. Are you prepared to be the family doctor in a disaster or emergency?

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[00:17:57] You'll even deal with things like bioterrorism response, radiation and how to build the off-grid medical kit at home. Look, 2020 taught us a lot about the limitations of our medical infrastructure in America. Get the Preppers Medical Handbook today at Amazon.com.

[00:18:18] Again, that's the Preppers Medical Handbook by William W. Forge MD. July 31st, 2024. Time for the news bliss. For the third week in a row, we're going to leave all assassination related news to the end. There's a lot. I want to keep it all grouped.

[00:18:42] So we'll start with other topics and there's a fair amount all across the board. So let's get at it. Start with nature. Hazardous heat indices expected to exceed 110 degrees Fahrenheit from the plains to the southeast. It's building in the west as well.

[00:19:04] So heat index 110 plus through much of the nation in the next week. Large landslides in India, 50 dead, 100 missing. West Texas has had over 100 earthquakes in the past week. California's sixth largest wildfire ever is burning right now.

[00:19:31] The park fire from an economic point of view as we started to delve into. We'll talk Bitcoin, but otherwise it's been somewhat quiet. One thing is not quite is the federal government's debt still rising. Last I checked every time I check. It's actually above 35 trillion right now.

[00:20:02] Federal government debt national debt 35 trillion and rising credit card delinquency rate has hit a 12 year high. This goes with other news of repose and defaults on auto loans and others. Spiking in the past quarter markets somewhat quiet.

[00:20:33] Given everything that's going on oil is pretty low and again markets have been had their ups and downs but are still quite high given everything that's gone on in the past few weeks and what's been added to not only assassination but war in Ukraine.

[00:20:54] Well now we have Israel assassinating the Hamas leader in Iran also killing Hezbollah senior commander in Beirut Lebanon retaliating and all in this mess was 11 killed in Hezbollah or excuse me in Israel by Hezbollah rocket so rearing its ugly head again.

[00:21:25] Probably should have killed this Hamas leader on October like 11th or 10th or you know like maybe the same day but now they've done it. Why now that Nyahu just got back from the US trip did he get implicit

[00:21:44] or explicit permission for this we could talk about that. I had told us a severe revenge coming for Israel killing Hamas leader on Iranian soil. This is in Tehran this wasn't like a mountain fortress should be like if DC, New York City got hit take out that leader.

[00:22:08] So assassination I guess that was assassination related but I was going to wait for the Trump related assassination almost there though. But first Utah attorney catches FBI deception in Oklahoma City bomb records case.

[00:22:26] Just a footnote but if you want to go down a rabbit trail that's one to do. Futuredanger.com Utah attorney catches FBI deception in Oklahoma City bomb records case. Now to the Trump assassination information. We'll try to go in chronological order best possible for 25 minutes secret service

[00:22:56] in command center never notified Trump's detail. Police circled Trump shooters building for over two minutes with weapons drawn while the secret service let Trump remain on stage. SWAT team from Butler Pennsylvania claims they had no comms with secret service

[00:23:16] prior to the shooting Trump repost social suggesting that the FBI director may have been in on the assassination plot all this in the last week. Gab CEO the social media site FBI summoned Butler assassin account posts and they seem to show pro lockdown pro immigration Democrat views.

[00:23:49] So both sides are saying that they're the other one they're trying to say is conservatives trying to say he's a Democrat seems pretty shady all around senators shout down acting secret service directors obfuscations at J 13th hearing.

[00:24:10] FBI still says it has does not have complete access to shooters online activity. They're getting it slowly but surely conflicting information is coming out. Here we go. Secret service sniper warns another assassination assassination attempt could be imminent acting secret service chief played key role in limiting resources

[00:24:42] for Trump let it happen on purpose and from that was all within false flag exposed. Now in news blatantly censored Trump attempted assassination fails to autocomplete on Google searches. Meta i.e. Facebook's parent company Meta AI tool calls Trump assassination attempt fictional. Yikes. Whose program with the AI?

[00:25:18] Facebook admits it mistakenly censored Trump assassination attempt photo. So now they're messing with the writing and the photos and deep fake videos knows what's real these days future day and I believe that's the whole news

[00:25:41] blitz I don't think I'm missing anything if I did let me know but there you go is a lot. Yeah we got economic news finally hadn't for a while nothing on the map tells us what the fed said today what's the fed speak from today because

[00:25:58] that happened to let's go see what you gotta get fed speak directly from the fed speaking I did I should have got a clip so we could actually listen to them pretty much Powell head of the fed said that September rate cut is possible

[00:26:17] and over the last few months they've been foreshadowing fed speak wise that they're gonna slightly cut interest rates once or twice probably once in the fall and maybe once before end of the year again or early next year so but

[00:26:34] small little cuts of interest rates and he reaffirmed that but nothing nothing new nothing ground shocking today if they cut before the election how does Trump not go and say that there is crooked as the FBI you definitely say

[00:26:53] that he kind of wants to be on the good side of the Fed and he can also trash them at the same time is interesting position he would definitely rattle everybody who knows maybe they're holding tight because they don't want them

[00:27:08] to do it otherwise they would already have cut I'm not sure I'm not sure but it's a good point you bring up yeah but if you give J pal any credit any credit inflation is still over 3% year over year their dual mandate demands that

[00:27:27] they handle inflation do it's easy to see if they don't so can he cut at all now you're trying to get logical I think that if they cut you're never gonna get below 3% you're probably more at 5% annually they've actually I've seen it

[00:27:50] floated out there that they want to make the target more like two and a half or 3% I think that's maybe more realistic these days and a better target it a move the goal post type thing be right that is the one thing they can't

[00:28:03] suppress unemployment can also rear its head if it gets really crazy but they've ways to manipulate that some and people that get two jobs and people who stop looking for jobs because they're so just hard to

[00:28:16] door just sickly and old whatever long they need a job they're not looking they're not counted against it sometimes and but inflation a lot harder to suppress the one thing keeping inflation from being a lot higher than it

[00:28:30] is is oil it's at 78 bucks right now if you told me you know a year ago some of this stuff would be going on the Middle East and Trump got his earshot and that oil was under 80 bucks at the end of July 2024 I would

[00:28:48] think that be pretty crazy I'd expect like 120 150 so so why is that the case I have a couple ideas I'm not sure but that if that go regresses to the mean that I think it should meaning energy prices gas prices oil goes up

[00:29:04] fair amount in the next several months and guess what inflation really really will be bad and if they're cutting rates at the same time could be really really bad but they don't cut rates they might we might get some

[00:29:18] bank failures so that's the other end of the equation you know suppressing oil prices is part of the design of limiting income to Russia that and natural gas absolutely as well yeah so full that's actually you know part of what you just said a little bit disheartening that

[00:29:44] you know previously would have thought that oil of all commodities was was subject to so many price pressures on the supply and demand side that it was uncontrollable by any entity any government on earth

[00:30:02] the way the perspective you just put it in makes me think twice about that today however yeah I think you laid out the scenario where these central planning human organizations eventually you know math is math and

[00:30:21] economics catch ups with catches up with any of the manipulators and we talk about a lot of patriot power we think that that's when the music stops it all falls down in a bad bad way so yeah the dual mandate and fed fed speak

[00:30:40] and what they're trying to say they can or can't do during election year is you know doesn't generate any headlines for the Blitzkrieg but the the FOMIC committee you know put out there put out their forward you know

[00:30:57] statements today and I guess they decided no rate hike no cut just pal does know what else to do hold tight I don't know I think you're damned if you do damn you've done it if I just had his job all of a sudden I probably want it

[00:31:15] raised or lower rates either I would be like a deer in the headlights so maybe he is actually is in that point of view or maybe it's much bigger than that but regardless it didn't cut today they'll be meeting in like I'm not sure

[00:31:30] the exact date but mid-to-late September every two months they meet and he hinted that they might lower rates at that point so we'll be here absolutely to report it any of those headlines that I went through you really want to hit on

[00:31:47] before maybe we go through some of Trump's Bitcoin there was a lot there whether it was Trump assassination or otherwise no but did want to cover one more part of the whole Federal Reserve executive branch of US government

[00:32:03] picture this year and next year yeah which is to say I think pal honestly thinks Trump could actually fire him straight up and and you know push comes to shove in a case before the Supreme Court article two powers all executive

[00:32:21] powers vested in the president of the United States that's that's reality in the Constitution ever since 1913 this congressionally created independent agency has never been a constitutionally sound concept and I guarantee you there's Trump surrogates with law degrees that can carefully make cases to all the

[00:32:49] members of the Federal Reserve that you know you could find yourself on the apprentice show someday when Trump doesn't give a shit anymore starts firing everybody I would pay his top top dollar to be in that boardroom

[00:33:08] pal 71 so he could still see himself having five plus years and he can be worried about getting fired he may not be a suicidal suicidal Bankster who's gonna retire in the next year anyway I think he wants to be in there a little

[00:33:25] bit longer he definitely knows when his legacy to be tarnished if like to see the Fed in its entirety that it was never an independent agency it was always subject to executive branch control under the Constitution and every

[00:33:43] single Democrat lawyer between that logic and and and the truth could be damned it's it's not constitutionally sound unless the executive of a popularly elected branch has control over it and that's I think I think deep

[00:34:00] down slide everybody in the Fed knows that a president could come into office and backed up by a Congress they would be standing there clapping while he did it and trying to audit them anyways that you know elected branches of

[00:34:14] government can take take control of this central banking monster we created little over 100 years ago let's do it let's do it will he do it I would hope so maybe he learned his lesson he went to soft on everybody the first go

[00:34:31] around I know he had a lot of people in his way a lot of people causing obstacles a lot of turncoats and his administrations etc but so along these lines just like last episode of the episode before we were throwing

[00:34:47] around the words Jamie Diamond as a potential Trump cabinet Treasury Secretary right right and someone reported that Trump in off the record had said that he's quote thinking about it and since then Diamond is you know absolutely

[00:35:09] you know said he it's not happening he's not going to do it and and I'm not sure if Trump has come out in public sense but for Trump it's not about what necessarily he's you know announcing he's gonna do it's not it's not

[00:35:23] that it's putting these other actors in the environment at risk of what he might do right and and J pal I think he has to understand it can be fired in a heartbeat and and and the FBI director by the way he needs to resign because

[00:35:42] that that could happen in the inaugural speech for Trump in a second term if he's successful right and and the Secret Service any of the clowns in that chain of command I mean it needs to be the apprentice like you're fired like

[00:35:56] out loud publicly a lot of people and I don't think the banksters want to ever be on that side of history I would say not and I'll leave it at that what we need to fix this well I think a stable currency is a place to start here's

[00:36:15] something Trump didn't get it too much into is what's the future of the US dollar at 35 trillion in debt he recognizes there's a problem but he also has been a big proponent of 0% interest rates you know we're going to

[00:36:34] get into this Bitcoin in a little bit a couple of these clips but do you have any initial thoughts on what his economic plan would be and maybe besides firing Powell what could he do to save the dollar or do you think the

[00:36:51] dollar is beyond saving and maybe he needs to work the bankruptcy angle I think a controlled bankruptcy and re re congregation of our assets as a country would be a great idea but what are you thinking well I think

[00:37:09] Trump's concept is boom the economy by deregulating and getting back on the lot law for curve so that the economy just booms and he didn't want so he knows he could do it again it's not rocket science so damn you know a

[00:37:30] $35 trillion debt in the long run if he plus from his perspective eight years of JD Vance at you know a 12 year term in that regard with you know artificial intelligence and blockchain technology coming online why not just boom the economy 35 trillion won't be a problem if the GDP

[00:37:54] explodes for how many quarters of five six percent growth would we need before none of that really is as much of a problem that is the beauty of compound growth you can outgrow it if we truly did unleash the growth

[00:38:11] potential of the country there's a lot of a lot of ways to do that there's no easy way out though so even at five or six percent annualized compounded growth it would take a while but we could do it I agree I agree

[00:38:24] what do you say I play the first Trump Trump compilation clip what do you say we do we do but remember I'm not able to hear as I'm currently configured in the architecture of Patriot Power hour so you have to recap

[00:38:42] for me what I've what what our audience will have heard I know I was going to fake it pretend we had it piped in but cats out the hat it's alright here

[00:38:53] we go you ready I got I have a good we have day jobs we have day jobs here we go first one it should work I tested it wish me luck if crypto is going to

[00:39:09] define the future I want to be mind minted and made in the USA it's going to be it's not going to be made anywhere else and if Bitcoin is going to the moon as we say it's going to the moon I want America to be the nation

[00:39:24] that leads the way and that's what's going to happen no you're going to be very happy with me it coin is not threatening the dollar the behavior of the current US government is really threatening the dollar Trump isn't

[00:39:39] elected this country is going to go into a depression the likes of what you had in 1929 and I hope that's not true but I can understand it and I can understand what they're saying stock market game they think is because looks

[00:39:53] like we're going to win the election and I don't know what's going to happen with the election you know they cheat like hell and I don't know what's going to happen but if we win it this country is going to be boom town

[00:40:03] it's going to be booming like it never boomed before as the final part of my plan today I am announcing that if I am elected it will be the policy of my administration United States of America to keep 100% of all the

[00:40:20] Bitcoin the US government currently holds or acquires into the future we'll keep 100% I hope you do well please this will serve an effect as the core of the strategic national Bitcoin stockpile. All right so that was about six different clips of Trump I'll try to

[00:40:45] summarize it and I have a whole it was like a 55 minute speech to Bitcoin conference but future Dan he wants Bitcoin and crypto in general but he said Bitcoin specifically most of the time he wants it mined, minted,

[00:41:04] made in America he says that Bitcoin is not a threat to the US dollar it's the government's actions that are a threat to the US dollar I guess meaning that the US dollar and Bitcoin can live in conjunction and even support each other

[00:41:21] in his mind won't go down that but that's something he said he wants to harness Bitcoin he wants to not get in the way and here's a couple other real nice tidbits and we'll go into the another clip here but I know you didn't

[00:41:41] hear it but just straight out he says he wants to be on the Bitcoin bandwagon and I think the most prescient part of that was Bitcoin is not the threat to the dollar it's the US government and the US people's abuse of the US

[00:42:00] dollar over many years and continuing that's the threat to King dollar you know you know I bet you there's another non-economic angle to this too politically mean or how so it's political that's for sure but it's not really economic the think about the forces arrayed against crypto currency

[00:42:27] especially Bitcoin right and then whatever that crowd is whatever their sentiments are draw a hard line and cut off the people who care about the economics you know the money focused people and then look at the other

[00:42:45] part the people are not money focused and I'm talking about the FBI right the powers that want absolute surveillance control about all aspects of life are completely aligned against Trump right now so to show up there

[00:43:06] and to use a verb I think you did use about a month ago on this issue regarding Trump's gradual progress towards being pro crypto pandering right says says I'd thought the level one pandering that may or may not

[00:43:26] properly describe the clips that you just played and think about the level two and the level three the follow on a knock on effects of promoting a technology that the surveillance state that the deep state absolutely a

[00:43:41] force make markets free again as someone I said a few episodes before that too and this was and we're gonna get into the self self-custody part coming up in the second clip that's the just it goes straight to the core of

[00:43:57] it that mean that that's what Bitcoin is all about that you don't have to rely on a bank or a vault or an annuity or a government pension or corporate pension or any of that to hold on to your life savings or

[00:44:13] to hold on to your $500 spending account you know from small to big you can use blockchain technology and there's a lot of others I think a lot of crypto is a scam and there are there's a whole industry of what they call shit

[00:44:28] coins that literally are a scam and people gamble with them so that's totally not what I'm talking about I don't think Trump's talking about those specifically but but Bitcoin let's just focus on Bitcoin the

[00:44:41] self custody I'm gonna go ahead and just play this right now and I'm telling you the self custody and keeping the Elizabeth Warren's out of it as well as the surveillance state he didn't specifically say that but you're

[00:44:55] exactly right that he's implying hey here's a big F you to the surveillance state and even to the SEC and just the banksters in general now he wants to get rich with it and that's fine he can get rich if

[00:45:10] markets free to get I'm happy here we go here's a clip on the future Bitcoin digital currency so he also goes on in that clip not only self custody because there will be no central bank digital currency that's actually

[00:45:51] probably the second most important thing so some of the more important things he's saying here not even related to Bitcoin or Bitcoin good investment or is it legit it's like hey US dollars being destroyed by reckless government and the surveillance state is bad so you should be

[00:46:09] able to self custody your own money digitally and we're also not gonna have a central bank digital currency so the question is future Dan is this truthful or is he pandering because he said all the right

[00:46:25] things better than ever and he's got me believing them more than ever if he can't pull this off but he tries I would be very happy if he's just saying this and he's totally just BSing us that would be the death now for me

[00:46:41] but I don't I don't think he's straight out lying he might just get some advice of what to say from people but I would be hopeful that he's truthful that in his merit here I'll tell you that if you are a

[00:46:56] believer that Trump plays 4d chess with his opponents and you would you would put interprets some of the these remarks at the Bitcoin Bitcoin conference that you know kind of like it's possible to interpret I don't

[00:47:19] know the holy Bible in various ways different parts different you know pieces of you know the Bible have have have messages you know that conceivably are at odds with each other at times right it doesn't take away from the

[00:47:36] whole but it's like if you're listening to Trump he can do this he can he can put out statements on topic after topic after topic and people can pick and choose what they choose to believe he means right now where his deep

[00:47:57] seated belief system is I think there's been a lot of his opponents that perhaps were correctly pointed out he may not have one he may not be operating necessarily from anything more than just pure and simple American

[00:48:14] patriotism just what's best for the nation right everything else is negotiable everything else is the deal and and and the deal was this past week you go to a conference and tell the people that have had no politician in Washington DC

[00:48:32] speak up loudly and say we're going to make Bitcoin great Trump did it it could be it could pay off big time at the polls definitely made a lot of made a lot of heads turn and here's a here's I'm going to do real quick

[00:48:52] review what he said just a there's a few things I didn't have in those clips that I really want hit on and I want you to kind of maybe comment on let's see here well he goes on to say that inflation is stealth taxation

[00:49:09] he says never sell your Bitcoin government will keep a hundred percent of its Bitcoin in a stockpile now this if I want to be devil's advocates like oh well all that Bitcoin is what they take from others he's just saying he'll

[00:49:27] have a big stockpile of Bitcoin stolen from American people not saying that's what he would say but that could be turned that way because some of that Bitcoin in the possession US government currently that he's talking about

[00:49:39] that he won't sell and he'll use as a stockpile maybe to support the US dollar first off it's not worth a ton at these current prices but it'd be worth holding on to but he says never sell your Bitcoin he's the pro

[00:49:52] Bitcoin president Biden Harris and Democrats have a war on crypto they really want to tax it that's a huge thing taxes I mean America big part of the reason America became what it was because we didn't want to get taxed

[00:50:08] on everything all the time so taxes huge if he comes out and he literally says that it's now tax the same level as foreign exchange rather than as an asset a commodity which is a lower tax bracket all that it'd be huge

[00:50:25] ton of votes he also talks here's something it would reinforce our power grid and strengthen our power grid which a lot of studies have shown that having Bitcoin network that's very scalable it could be all on or

[00:50:42] all off super quick provides a really nice base load for your power grid in general number one number two all types of power can be generated in remote areas that can't be transferred to the grid but it can be used for

[00:50:56] Bitcoin mining as well as these are things all different examples but one would be burning off of natural gas flares that could produce hundreds of kilowatts of electricity but it's just burned off into the air right now because there's no reason to but you have a little Bitcoin

[00:51:15] miner there as an example so strengthening the grid resiliency is a big part of this he spent a little bit of time talking about that too which was national security aspect right so what kind of strategy do you

[00:51:31] recommend in the period of time before Trump could possibly take office and convince the Congress to pass laws that could possibly include something that resembled a US strategic Bitcoin reserve how would you what kind of you know how would you buy up trade tops and bottoms that's

[00:51:56] question number one and then question number two just give us run through on how to go about self custody of Bitcoin again some drives and all that one of the best pieces of vices I've ever I've ever

[00:52:10] heard is get off zero meaning if you have no Bitcoin don't wait for the perfect price just buy a little bit now and if it goes down buy a little more so figure out your budget whether it's $500 or $15,000

[00:52:26] or something in between maybe cut it into 20 pieces one you know 5% use the first 5% and buy it like right away and then create some very basic limit buy orders where every few hundred bucks every thousand bucks whatever that Bitcoin goes down you buy it and so Bitcoin goes

[00:52:51] use a couple of apps yes there's a couple of apps to do that that's the if you want to buy and trade and mess around that's that route if you want to just bypass all that and there's two ways number one you

[00:53:07] can use cash at Bitcoin ATMs and be anonymous and so if you want to be anonymous that's the best way no credit card no bank account no ID however you only do a few hundred bucks at a time you can't do

[00:53:21] like 10 20 grand at a time but if you want to get a piece of Bitcoin with zero traceability almost zero right then cash at a Bitcoin kiosk is a great way to do it number two there are places

[00:53:35] once called swan Bitcoin and I'm not affiliated at all I don't get anything back from trust me but that's a good website there's couple others where you just it's not a trading platform it's only to buy so it's you have to use your credit card or bank

[00:53:51] account so it's not anonymous in that regard it's not cash like the other one that I option but it doesn't mess around with there's no frills it's cheaper less fees and they say that they don't share your information I think they're safer than coin base

[00:54:10] as an example okay but just remember if someone's monitoring your computer system or your phone then they're already kind of potentially hacking you from that end so even if you use a very safe service doesn't mean that they're not getting your

[00:54:27] password so if you really really if you're straight up paranoid about it or you want to diversify and at least do part of it I would suggest the cash convert cash into Bitcoin out of kiosk

[00:54:39] where a where a coven mask if you had to I guess they got a camera on it what about those limit what about the apps for the limit orders and how do you how do you do that like how

[00:54:50] do you set the top and the bottom and let automatic trading happen so Robin Hood bit stamp there's a crack in coin base there's different ones some have very basic interfaces some have more advanced but most of them have where it's called

[00:55:12] a limit order if it hits this limit it either buys or sells so you have to fund it you have to put dollars from your bank into the cap there's zero fee for that on almost every case if you're paying for that you probably getting ripped off so

[00:55:27] you need to put and that's actually a good idea even if you don't want to buy any right now you only want to buy a little bit but you want to be prepared to buy more what do they

[00:55:35] call keep your powder dry going back to the musket powder cannon powder whatever keep a lot of reserves well you need to put some of that fiat currency onto the exchange so that you can set these limit orders and they were running out

[00:55:49] of time go on to YouTube is five minute explanation of whatever platform you're using for a limit order that way you can trade if something if it dips below a certain price at two in the morning it'll trade automatically all my trades

[00:56:04] are done through limit orders at this point but but I do only a very small amount of trading I suggest is buying it and self custody put it into self custody not on any of those websites self custody is totally separate from everything I

[00:56:17] said now purchasing with cash at the kiosk is essentially starting a self custody for yourself but the other ways I talked about where you're on a website or an app and you're using your bank account that is not self custody

[00:56:33] until you buy it there and then transfer transfer it to your own wallet and that's a little beyond where we are now but if you're interested go look up what a hardware wallet is hardware wallet so again buy cash at a kiosk

[00:56:50] and you're pretty much self custody already but if you're going to buy at Coinbase or you're going to buy you know this is totally different than your IRA or or you know what Black Rocks doing and all that that's definitely

[00:57:04] not self custody so self custody go ahead go ahead so the thumb drive is called what again hardware wallet so can you take your hardware wallet to an actual ATM stick it in there feed it cash and have your thumb drive

[00:57:25] register the Bitcoin at the price you just paid for all intents and purposes yes but there is a bottleneck there where you can only get you can only receive or spend a few hundred bucks per day at per machine type of thing

[00:57:45] so but the interface works you actually there's a USB just plug it into the machine no do not okay so think of the hardware wallet as like the secret key to your vault deep in your prepper bunker that you never want to bring

[00:58:02] outside and you never want to actually touch anything so the memory of the Bitcoin amount isn't saved on to that drive no and that touches on what Bitcoin truly is it's almost like a locker where you have the key but the key doesn't

[00:58:19] actually contain anything you just have the key and it actually exists on the network so your Bitcoin exists all on the network you don't actually own it you only own the key to unlock it but no one has that key except you unless someone steals your

[00:58:34] key what kind of strategy for limit orders might work hitting tops and bottoms you give us an example of how you would set up a price scheme like that with limit automatic limit orders you know it breaks like say you buy at a price

[00:58:54] right if it if it hits twenty percent higher it automatically sells some of it if it's twenty percent lower you automatically buy with or twenty and twenty is that too high do you do trade in a narrower range

[00:59:10] all great questions we got to go right now because I think a trip of command is going to be on but we can talk a little bit about this next episode but yes I think twenty percent you start there I do more like three five

[00:59:22] seven percent range on mine and again I've broken my budget into twenty or thirty transactions so I just very small ones I buy sell buy sell buy sell every few percent so there you go that's it future dad great episode overall

[00:59:38] we'll be back next week what do you say yeah we're going to need to pick up the next show episode two seventy three in August twenty twenty four with part two of how to Bitcoin today