This is the rich dad radio show. The good news and bad news about money. Here’s Robert Kiyosaki. Hello? Hello. Hello. Robert Kiyosaki, rich dad radio show good news and bad news about money. Kim does not command the show this morning, cause she’s on a call to London and keeps me keep those dollars.
Keep rolling back into rich debt. But anyway, we have, uh, I think, and all the shows are important, but a very important show today. And it’s about, you know, and the book fake I talked to about there was God’s money, which is gold and silver, and then people’s money, which is Bitcoin or cyber cryptocurrencies.
And I really think is important, especially all the guys like me to understand the crypto world because that’s the world that’s coming into a view right now and our real estate and gold guys are kind of being phased out.
So we’ve had them. We’ve had them as a guest before it’s Anthony [inaudible]. He goes by the pump. I call him Anthony and he has one of the most fantastic shows going.
And the reason it’s fantastic is he explains the world of crypto better than anybody I’ve heard. So in many ways, there’s this battle on today between all the guys and young guys and they all guys have got their heads up their butts, you know like a buffet is added anti-gold and add tie crypto. I think like to give me a break.
You know, I mean, how can you be anti-something? You know, get to know the pros and cons of everything. And you know, he doesn’t have to worry. It makes a lot of money. And then you have guys like Jim records, a friend of mine and he says, crypto is dead.
And so the reason I just love YouTube is I can crank along there. I can search. I’m looking for the other point of view and that’s how I came across Anthony. And um, so Anthony’s point of view is valid it’s worth listening to, so he was on our program with, um, my good friend.
I can’t remember his name right now, but he’s new Orleans Gulf show. So I’m a gold guy and Antony is they crept the guy and it was a great show because we have similarities.
So we’re going to go into the similarities and difference between gold, silver God’s money and people’s money, which is crypto. And so this guy is a leader right now, as far as I’m concerned about explaining it to everybody. So welcome to the pro program again, Anthony. Yeah. Robert, listen, thanks so much for having me.
And I appreciate the kind words you, uh, you have, uh, educated millions and millions of people over the years. So, uh, so it’s fun to talk to you about this stuff.
Yeah. And I’m, I’m talking to the staff. Yeah. You young guys are so smart today. You’re so far down the road when it comes to financial education intelligence, but more importantly as savvy, you’re aware, you know, where they all guys are kind of close-minded to your world.
So that’s why, you know, your site, what is the name of your site that people can go to? You just Google the pomp podcast. I’ve got all, I think 300 plus interviews up there and they can check that out. Um, or we’ve got a, uh, a daily email that goes out a pump letter.com. Okay. So I look, you better check out this world of crypto, even if you’re close-minded, like the old guys.
Alright. So incident, give us a little buddy a background and how you came into this world. And I may not as far as crypto. Yeah. So I, uh, played football in college, uh, was in the US Army for awhile.
I did a deployment overseas to Iraq. Um, came back, built two small technology companies, uh, then went out and ran a number of product and growth teams at Facebook and Snapchat, and then started investing full time at the end of 2015. And, um, got started in, uh, in Bitcoin and cryptocurrency, uh, by building mining facilities.
So kind of using them as data centres, uh, but specifically running hardware and software for, uh, for running these networks. And, uh, from there pretty much decided to focus almost exclusively on it.
And, uh, and we get here today where somehow people are listening to, uh, to me explain what I would all this is in and why it’s important. So let me ask you this, you know, you had the program, an open letter to Ray Dahlia, which I thought was a lightening. It was fabulous.
What was the guy saying? Robert, uh, rubber Breedlove. Gosh, you guys, right, man, you guys are so young and far down the road, but that was an I highly recommend you check out that show with Robert.
It’s called the open letter to rote Ray Dalio, all guys. So what do you want to say to the all guys, you know, get justice, you can be politically incorrect here. What are the old guys who are closed-minded? Well, so I think that when you’ve got to start with is whenever you look at financial markets, especially a kind of a macroeconomic standpoint, uh, there are problems and solutions, right? And actually what ends up happening is, uh, precious metal investors and cryptocurrency investors.
They actually agree on most of the problems, right? So there’s no secret that, Hey, look, if you print a lot of money, the currency gets devalued, right? There’s no secret that there’s a high level of corporate debt and the federal balance sheets out of control and all of those things, uh, for the most part, there’s agreement.
So I won’t spend a ton of time on that. The question then is what do you do? Right? And I think that, uh, where there’s agreement on the solutions is this idea of sound money principles, right? And so whether it’s gold, silver, or Bitcoin, they all have various aspects of sound money principles.
The big question just becomes, you know, gold has, let’s say 5,000 years of a track record. Bitcoin has 11 years. So, of course, there’s going to be a hesitancy when it comes to something like Bitcoin, my kind of pitch to people is look.
The one thing that, um, has a, uh, uh, an advantage, I think from Bitcoin or the most important advantage is there’s full transparency and the verifiability of Bitcoin. So, you know exactly how much exists exactly how much it’s being produced every day and kind the supply side of the supply and demand equation is known with 100% certainty.
And so it’s just a matter of a generational divide, right? Older folks, usually aren’t used to kind of touching all the digital technologies, younger people are. Um, and, and so you kind of pick your asset, but they both have sound money principles, and actually think both of them will do well coming out of, uh, out of this economic crisis. Thank you know, fantastic. You know, for all guy like me, it was seven 1971 when Nixon took the dollar off the gold standard.
And that’s where you and I align up is because when the dollar went off, the gold sat on August 15th, 1971, you know, they could print as much as they wanted.
And today they’re printing and trillions, you know, before it was millions, then I went to billions and now as Chileans, and just a couple of days ago, the mall of America, one of the biggest shopping centres in the world just said, they missed two payments of one point $2 billion a month match having a market of 1.2 billion. So they miss two payments.
A question is who were those payments going to? And who’s going to bail them out. And the fed has to bail them out. In my opinion, they’re going to have to print more money, which is great with that theory. Yeah, absolutely. I mean, look, whenever you get in these situations that there are two things that are important to understand, right? I always say that our economy is addicted to stimulus the same way that a crack addict is addicted to crack, right? You literally can’t function without it.
And we saw that when they tried to do some quantitative tightening, um, you know, back in 2018. And then the second piece of this is, uh, any time that you get into these recessionary periods, they only have two tools, right? The central bank can only, um, manipulate the interest rate or they can print more money.
And so they’re using the tools they have, but they’ve already gone to 0% interest rates. They claim they’re not going to go negative. So it’s just a matter of how much do you print, right. Well, wait, so let, let’s, let’s go bigger picture.
You know, I think most people know that they just don’t know what to do and they don’t know why you guys younger guys so enthusiastic on crypto. I mean, even Max Kaiser, he’s not as young as you guys, but he calls himself the reincarnation of Satoshi. I just had just cracked. He’s not even Japanese.
I should be Satoshi. But the thing that really, really woke me up and I was thanked too, thanks to you. Cause I call Antony when I have, you know, confusion on stuff. Was this halving now, the reason halving as important is because at the same time this get this, this is why I converted over to Bitcoin.
This is my reason. And it was Anthony that cleared it up for me is that at the same time, the Fred, the Fred, the fed is printing trillions of dollars. Bitcoin is tightening. So Bitcoin is getting harder and the dollar is getting softer.
Would you go into more detail on that? Yeah. So if you take quantitative easing, right, that is literally, uh, the fed printing money and flooding the market with more dollars, right. It creates, uh, a higher degree or a higher number of circulating supply of dollars. So that’s quantitative easing.
Now the opposite of that quantitative hardening or quantitative tightening would be them actually taking dollars out of circulation. Right? And so what ends up happening in Bitcoin is something that looks like quantitative hardening. So there’s 21 million Bitcoin that has ever been created every 10 minutes, in the beginning, 50 of them were distributed into the circulating supply. That programmatically was cut in half, four years later.
So after four years of 50 Bitcoin, every 10 minutes, it got cut to 25, it then went for four more years and then got cut to 12 and a half. And just earlier this month in May, it went from 12 and a half to 6.25.
So the way to think about this is, uh, previously, um, earlier this year there’s 1800 Bitcoin a day that was getting created and entered into the circulating supply. Now there’s only 900. So if you think about the opposite of quantitative easing is quantitative hardening. Literally, you’re getting an artificially capped supply that is becoming harder and harder to get on a daily basis. And so as long as demand stays the same or goes up for that asset, the US dollar value should appreciate.
And so the key piece to this again, why are young people gravitating towards this asset is one it’s programmatic, right? Compare that to the fed. People are betting trillions of dollars in the market on, are they going to print more or are they not? What’s the interest rate decision going to be right.
All that kind of stuff with Bitcoin, we know with a hundred per cent certainty what’s going to happen. And then the second piece is that it’s programmatic, right? So nobody can go in and manipulate it. And so in a world where, uh, any TV station, you turn on, everyone’s arguing over what the Fed’s doing right in this world. Nobody can manipulate the market, right? There’s nobody who can change that programmatic monetary supply schedule.
Well, so, so let me just let me, he goes all guys’ language here. The fed has centralized banking. So central is also communist in command and control of a central government. That’s communism. Whereas what Bitcoin gold and silver are they’re there. They’re not controlled by anybody.
So one of the reasons back in 72, when I started buying gold was because the fed couldn’t mess with it. They do mess with it to some degree, but they can’t print a lot of it, you know? And that’s what I don’t like about saving dollars. So when, so explain why it’s programmatic, but why I call it people’s money? Because this, no, that’s not one person like Jerome Powell, the fed chairman who can say today is going to do this tomorrow is going to, it’s already been planned out for years.
Right? Exactly. How many coins are coming out? Yeah. I mean, look, if you look at, let’s say the ECB board of governors, there’s like 25 people that go in a room and make a decision, right? The fed think it’s about 12 people go in a room and they make a decision.
And so, you know, I, I’ve got a friend who he says, there are 12 people making the decision for a minimum of 330 million people’s money. Right.
It just kind of doesn’t sit well with younger people. And so when you look at something like Bitcoin there’s computer code that was written, that computer code can only be changed if more than 50% of the people on the network, agree to change it. Now, as you know, when you have millions of millions of people who are all trying to coordinate something, nothing gets done.
Right. And so that code’s never going to get changed. It’s going to stay how it is. And if there was a change, everyone would see it happen. So you not only get. Absolutely decentralized. Completely decentralized. They all guy system is centralized and a bunch of all guys control who gets the cash. Right? Yeah. And, and, and a way to look at it is, uh, US dollar is a sovereign currency.
It’s backed by a, by a nation and every nation has its own currency and they’re all manipulating them. Right? We’re seeing everything across the world. Everyone’s manipulating their currencies.
Bitcoin is the separation of state and money. It’s the first time we’ve seen a currency, right? Outside of something like gold, right? Where now all of a sudden, no single country can manipulate the monetary policy.
And so what I think is going to happen over time is every currency will be digital. There’ll be a digital dollar, digital Euro, digital yen wan, et cetera. So the technology will all be the same. The competition will happen at that monetary policy level.
And I personally believe that the separation of state and money will become viewed as the superior monetary policy, just as gold for many, many decades has been seen as the superior store of value because of those sound money principles.
Correct. And the point here is that when we get, we’re going to call it a break, but this whole bunch of stuff I’ve got to understand here is that, uh, when thinking when the United States comes out with a crypto dollar, that’s the question I wanted to, and I talked to you about labour.
I think what Facebook is doing, and that’s why your program with, uh, Robert Breedlove and your open letter to Ray Dalio. I recommend everybody, you know, tune into your podcast station and listen to that, um, program. I mean, bread love, just nails it out.
I mean, he just, and it takes a while. We only, only have 40 minutes here, but raw Breedlove nails it. And he explains why Bitcoin is superior to all other cryptos coming out. Cause that was my biggest concern of if you can print crypto, why can’t I pre-print crypto? Do you know what I mean? This is decentralized, but it’s again, printing money.
So we come back, we’ll be going more and with Anthony Pompliano and really why you all guys go out, listen to what he’s saying. That’s really why gold, silver, and Bitcoin are what I safe. And because I don’t trust my government, we’ll be right back.
Welcome back. Robert Kiyosaki, the rich dad Radio show, the good news and bad news about money. You’ll listen to the rich diet, ready? Approximate of him anywhere on iTunes or Android and YouTube, and please live, leave us a review or comments.
All of our programs are archived at rich dad, radio.com. We archive them for one reason. We make no recommendations that when I recommend you buy goals over a Bitcoin were purely educational, but being educational. We all, we also know that repetition is how we learn best.
So you’ve listened to this program. One more time, your intelligence will go twice. You’ll understand this better. Why you should maybe be considering Bitcoin, if you already, haven’t also, you can have your friends, family, and supposedly business partners listen to it because all of you guys out there with taking those stimulus checks and saving it, you’re the biggest losers on planet earth. So I guess today is Anthony pump Liano and he is the pump.
And he is, he is my go-to guy when I want to understand his, the young guy’s world of Bitcoin. So really quick, let’s get into this because again, your, your, your program, Open Letter to Ray Dalio in great love, you did a fantastic job of taking very complex and dumbing it down. An old guy like me could understand it, but what’s going to happen. If the US comes out with a crypto and Facebook art, it has labourer.
What’s, what’s your, what goes through your, yeah. So first of all, every country is going to do this, right? They’re already talking about it at the central bank level. So we’re going to see a digital dollar digital Euro digital yen won all the way down the line. Every currency will be digitized over time. And that’s because there are certain advantages from a technology standpoint, right? Cheaper. It’s faster to move all that kind of stuff.
Not only that will we see nation States do this, but we will also see corporations do it. So Facebook obviously has Libra. Others have contemplated and will launch their own currencies. The competition though is not going to be between digital currencies and non-digital currencies.
Everything’s going to be digital. The competition is going to be at that monetary policy level. And so when the dollar is released as a digital dollar, the monetary policy doesn’t change, right? They’re still going to have inflationary, quantitative ease and driven currency. When Libra launches Libra now is actually launching a digital dollar digital Euro, et cetera. So they’re going to adopt the monetary policy of different nations.
The only monetary policy that is in direct contrast, meaning it’s a 180-degree difference from the digital dollar or digital Europe is Bitcoin. It’s a separation of state money. It’s a deflationary structured currency that has a disinflationary monetary supply schedule. And so what you’re seeing is this great divide.
And it frankly happens somewhat in a generational divide, but also in kind of an economic divide where people are saying, I want to have a currency in which it gets more valuable over time, rather than less valuable.
And I want the transparency and the predictability of a monetary policy that is written into code rather than 12 people go in a room and they make a decision based on how they’re emotionally feeling that day. And so that’s why your program with Robert Breedlove the open letter to Ray Dahlia. Please listen to it.
Cause it’s really well done extremely well done. So why are you so bullish on Bitcoin if this Ethereum and other, the garbage going around there and everybody’s getting into it. And you’re like, I was watching this one guy, he says, everybody’s now jumping on the bandwagon. This is the hot, new coin, hot new coin.
When you see stuff like that, what goes through your head? Yeah. So I think that there’s, um, a really, really key piece, right, is there’s all these crypto-assets or crypto tokens. There’s actually a very small number. The number of them that are trying to be money or currency.
Most of them are trying to be, you know, digital gift cards or access to different networks and kind of all this, you know, super exotic type applications of blockchain. What we’re talking about here is money. And the key piece of understanding money is it’s a belief system, right? So the only reason why somebody accepts a dollar from me is to cause they, and I both believe that it has value well when it comes to digital currencies and kind of this separation of state money, there’s really only one that matters and that’s Bitcoin.
And the reason why it’s the only one that matters is it’s the first one that people have bought into that is fully decentralized, that has no owner and is transparent and programmatic.
And so my belief is that if Bitcoin is not successful, right, if is the separation of state and money does not work, there will never be a separation of state and money. And the reason why I say that is because money is a belief system. And so just like, if you’re, let’s say a citizen in Zimbabwe and your government blows up the currency, and then they come back and say, Hey, Robert, you know what? Sorry about that.
Here’s our next one, right? Here’s V two. You don’t say, Hey, I trust you, right? You’re like, I’m not falling for this trick again. So same thing here I think is Bitcoin is the first one to really capture the belief. And that belief system is the most important, most dependable thing around Bitcoin.
And so. So let me go into it one more time because you guys, Robert Breedlove and open letter Ray Dalio, you guys go into that with precision.
So you explain to me how they can go and pick up that site, that, that very explanation that at one broadcast of yours. Yep. So if you literally just Google, uh, the pomp podcast, um, and then just type in a Ray Dalio, uh, it’ll come up as the, as the title, you click on it and listen to it. Um, and we basically covered the, uh, the idea that, uh, look most of the smartest investors in the world. They’re like 80, 90% of the way there.
We agree on all of the problems, right? Everyone who’s now asking, what do I do five years ago? Nobody was saying Bitcoin. Now there’s a couple of people. Right? Paul Tudor Jones recently came out and he took 2% of his assets and put it into Bitcoin. Right? So you get some of these people doing it.
My guess is five to 10 years from now. It will be what I call a consensus, uh, investment. Right, right now it’s contrarian, a small number of people do it. The majority doesn’t do it over time though. I think that’ll flip and you’ll have the majority of people doing it.
And then you’ll have a small minority that doesn’t participate. Okay. So this is my bitch. Okay. Paul Tudor Jones, people may not know who he is, but he is like, he’s bigger than Ray Dalio in my book down, it may be richer, but tutor jump. Paul Tudor Jones is a stud man. He’s a smart guy, kind of low key. And, um, he’s a billionaire high, can he buy 2%? You guys, I go to Coinbase, which you guys recommend this.
I go to Coinbase and they limit me to 25,000. Why do they do that? I mean, guys like me who want to move a lot more money, 25,000 is boring. I mean, why do they, why, why are, why is Coinbase doing that? Yeah. So, uh, Paul Tudor Jones, he’s got about $5 billion to his net worth. He managed about 22 billion.
So estimates are, he’s probably put 250 to $500 million in, right. So. $5 A shot, man. No way, no way. So, so there, there’s a number of ways to put really, really big money, hundreds of millions of dollars.
You can do it through OTC desks and things like that. But for the average investor, what you can basically do is there’s a number of exchanges in the US where you can go, you can sign up for an account, uh, and they basically start you off with a small amount.
And then gradually you can, um, ask for higher limits, right? And the reason why they do that is that this is very similar to the traditional banking system where there’s a lot of regulation, right? So people think that crypto isn’t regulated these US-based exchanges companies like Coinbase, Gemini crack in block five, et cetera. They actually have very, very high levels of regulation. And so they’re there to do KYC and AML and kind of make sure that there are no bad actors. Um, after you are able to get that $25,000 limit, you can apply to get it higher and higher. Uh, so that’s what people should do.
Okay. What’s, what’s KYC AML. Uh, KYC and AML know your customer and anti-money laundering, uh, rules. So it’s basically the, uh, the legacy financial system, uh, as part of their surveillance of the financial system and of citizens. Now they require this information, uh, for, uh, banks or financial institutions to know about you. So they know who you are, where the money came from, and just basically make sure you’re not doing bad things. Well, because, you know, uh, Bitcoin got the reputation of being associated with silk road early in the silk road was the dark side of the web. Right. Has that been cleaned up or is that still exists? Uh, saw was existing, but. Yeah, so here’s the way I think about it, right? So there are two key components. One is every great technology is first adopted by criminals and drug dealers. Right? And, and the reason why I say that is because they’re the ones who are always having to innovate to stay ahead of the law enforcement, right? So beeper cell phones, the internet, all that stuff was first adopted by kind of bad actors.
And then it became mainstream, no different with Bitcoin, started out with bad actors to some degree, and now it’s become mainstream. But the second piece is also, don’t forget, there’s $2 trillion of the US dollar. That was money laundered last year, right? That’s the estimates out of the UK.
So $2 trillion, the crypto market cap is less than 400 billion, right? To give you a sense of the bucket. So, you know, an asset like Bitcoin, that’s called 200 billion or so, right. Literally is one 10th. The size of how much us dollars are laundered every year. And so when you start to look at this and it’s like, look, let’s worry about that. You know, checking out all those bad people, using the US dollars rather than a couple of bad actors that are using big. Good point.
So we weren’t going on a time, but what would you, what other reasons would you say to people young and old, why they better understand Bitcoin, especially because I kind of your program on pop podcasts with an open letter, a Ray Dahlia with Robert Bray love explains it much more detail, but what else would you say to people why you’re so bullish? Oh, one more thing is what is your prediction on the ultimate dollar value of a Bitcoin? Just finish this thing up strong man, D a sales job.
So they looked at the whole pitch, I think behind Bitcoin is you have to understand how money works, right? And US financial system is predicated on 50% or more of people not understanding how money works. If you understand how it works, you know, that the dollar is going to get less valuable over time.
Bitcoin has the exact opposite monetary policy and should get more valuable over time. So once you understand that, it’s pretty simple in terms of what that price looks like. You know, I’m on the record publicly saying that I think Bitcoin will be worth over a hundred thousand dollars by the end of 2021.
So you’re, you’re expecting a 10-time jump on it. Yeah. And, and, and that would track to a very similar growth rate to what it showed over the last 10, 11 years. Right? So, so anytime you have something that’s very innovative and disruptive, you get lots of volatility.
If you are a longer-term investor, you’ve got, you can stomach those big drawdowns, but you also get the volatility to work in your advantage on the way up. And so I think that’s what gonna happen with Bitcoin.
Okay. Anything else you want to, I’m just this big, the big thing that you saw me on, which I didn’t understand what the having, Oh, I call it the hardening while the dollar and all currencies are softening any Fiat car, fake money is softening.
Anything else that we should know about? I think the biggest thing is, uh, a lot of, um, understanding money and currencies is just around the structure.
It’s actually a very simple one. Currency gets less valuable over time. The other gets more valuable over time. And, uh, you know, look, don’t go take all your money and go put it into one single asset. But if you size the risk correctly in your portfolio, uh, I think that it can be quite valuable.
And so, you know, risk comes with every investment, do your own research. But, uh, but I tend to think that Bitcoin is going to, uh, be, be kind to a lot of people.
So let me ask one more question that why do you call it? Why do you say 100, uh, records have the reason and goals going to go to 50 K what’s your reason for Bitcoin going to a hundred K? So there are many, many people who are way smarter than me.
And what they’ve basically done is they’ve taken stock to flow ratio models that you would use in the gold world, right? Similar to the sound money principles, and they’ve overlayed it with the Bitcoin price movements.
And what you find is over time, it’s become more and more accurate. And so if you think of what is that goes into that you basically are modelling supply and with gold, you pretty much know how much gold is coming online every day.
You pretty much know how much is out there. Uh, and then you predict what demand will be well with this. What you’re doing is, you know, with 100% certainty the supply side, so you have to protect, uh, the demand side and that stock to flow ratio has been very, very accurate in the past. And that’s basically what tells you by the end of 2021, you’ll see a hundred thousand dollars.
Nice. Got it. And the reason I really, I enjoyed that program, we’ll pull out a Ray Dalio as you point out that you just put Dalio principles back on them, you know, like transparency and trust Sen ruthless, truth, telling whatever it is. You guys just put it back on him and wait. You know, I, I, um, it was eye-opening, Palm podcasts.
So anyway, and I, Anthony, thank you very, very much for your support and, uh, look forward to having you back on the program again.
Absolutely. You did a fantastic job, Robert. Thanks so much for having me. And we’ll come back. We’ll be having final words on gold, silver and Bitcoin God’s money and the people’s money. We have a right back. Hello? Hello. Hello, Robert Kiyosaki, the rich dad radio show, the good news and bad news about gold sovereign Bitcoin.
And once again, listen to the rich dad radio program, anytime, anywhere on iTunes, Android, or YouTube or YouTube. And please leave a comment when you listen. All of our pro programs are archived at rich dad radio because repetition is how we learn. You listen to this program again, you’ll learn twice as much, but more importantly, you can take this to friends, family, and business associates who really need to come up to speed on cryptocurrencies.
Because, you know, as an old guy, it’s taken me a while to get onto it. And you know, I never got burned, but at one time I was, I bought three Bitcoin at 20,000 each at the top of the market.
And thank God. I don’t know what happened to the guy I bought them from, but he disappeared. So I never transacted. So I still have by 20, 60,000 bucks, but I’m back in buying it because Anthony Pompliano is the person I call.
And again, in his pomp podcasts. And that Open Letter to Ray Dalio with Robert Breedlove is worth listening to because this guy braid loves his boy. He’s the technical on this stuff. And it’s very simple to understand, but I’ve now gone through it three times. I’m still doing my best to absorb it.
So anyway, we’re an education company. So I could complete this all per wants to go. And Kim is on a phone call to London, organizing people there, but I’m the old guy who was in 72. I started buying gold and millions today. I just keep buying it because I don’t what happened in 71 is I stopped trusting the US dollar because it’s fake money.
When Nixon took the dollar off, the gold standard became fake. But another side of it, as I’ve always worked on my financial education, I don’t need money. And we have a new book coming out. This fall is called infinite returns money for nothing gold, silver Bitcoin for free. Cause that’s what’s happening. Guys.
Money is for nothing today, you know, with SERPs or interest rate policy and a printing, trillions of it, why the hell you working for it? Why are you saving it? So that it’s a book, infinite returns watch for it as probably late October, early November, infinite returns all my advisors on it.
Kim’s on it. And we’re talking about how we individually come up with infinite returns. You’ll never need money. It really is the strangest phenomenon. The very spiritual book I get.
I get excited when I think about making money for nothing. Now there’s sound by dire straights money for nothing checks for V. They both appeal to me anyway.
So, uh, I’ll give the all guys, what I was taught about money. Money is number one, a unit of account that what that means you can count it.
Like I couldn’t count gold nuggets because they’re gold nuggets. But when they broke a goal gold into a crook around the US a US dollar, he was sold, what do you call them? Anyway, Mark, you could measure it. That was the biggest thing. So a gold nugget not worth much, but when you break it down to a gold coin or a silver coin, it becomes more money.
Another thing is the store of value. And that’s the biggest thing that Bitcoin has because of them have, you know, they’re making it harder while the dollar is technically getting softer and the condition for money’s exchangeability.
Now that’s the limitation. In my opinion, just my opinion is with Bitcoin is as hard to exchange. I can’t go to the supermarket. I got some Bitcoin.
They don’t take it, but more and more people are. And I think they will. I’m quite sure they’ll solve that problem way. Be able to take a fraction of a Bitcoin and say, you know, here’s one 10th of a Bitcoin. Just buy him, buy me a car with it, but that’s coming.
So the three things I make up the money at the unit of count or unit of measure store valuable and it’s exchangeable. So there is an I’m into gold, silver and Bitcoin for all three, but the most important things, a store of value, as I said earlier, you know, just the JC Penney’s is closing Neiman market declared bank bankruptcy.
The biggest mall, the mall of America, miss to market payments want to one point $2 billion each at, whereas that was a 1.2 billion supposed to go to, you know, who’s, who’s got screw got screwed, and who’s going to bail them out as the fed, they’re going to print more money to bail them out.
So that’s why I don’t trust the US dollar. If you understand that, you’ll understand why guys like me are gold, silver, and Bitcoin.
Now, this other, they went print a lot of other clients, but that’s why you got to be prepared. Cause as anywhere, any place, any subject, there’s a lot of facts, crooks and scumbags out there, thankfulness and the rich dad radio show. And thank the Anthony pomp Liano and the pump podcast.
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