00:01:24.900He gets right up next to the microphone.
00:01:26.160I hear you can almost hear the eyelashes hit each other.
00:01:29.580You've never seen Italy so quiet as when the Pope gets up to wink on Halloween.
00:01:35.060Listen to Artists on Artists on Artists on Artists every Thursday on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
00:01:42.540I'm Lacey Mosley, author, actor, stand-up comedian, creator, and host of Scam Goddess Podcast,
00:01:48.180the true crime comedy podcast all about robbery, fraud, and those who practice it.
00:01:52.580Each week I bring on an amazing guest.
00:15:07.800You know, if you want to pay taxes or not, if you want to, when you pay your taxes, the government demands that you pay the taxes in dollars.
00:15:17.240So everybody needs dollars to pay their taxes. So there's a you know, there's there's there's a need for it.
00:15:23.360Right. Because if you don't want to go to jail or something, you have to have dollars to give to the government on April 15th.
00:15:30.340So that creates some type of value for the dollar in that it's your get-out-of-jail
00:15:35.080card because the government is demanding that you pay it.
00:15:38.720But also, there's a long tradition of use and acceptance in fiat currencies.
00:15:45.920People are more likely to accept it, but over time, it's going to lose value.
00:15:51.680All fiat currencies lose value over time, and eventually, they become worthless because
00:15:55.900ultimately, the governments abuse the ability to continue to issue them.
00:16:00.340and i think we are headed for a currency crisis in the united states i think we're printing we're
00:16:05.780there wait wait you've you've done you've done this once before done what i predicted a a crisis
00:16:11.460in the u.s well the financial crisis yeah we interrupt this podcast to bring you a message0.99
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00:24:54.900and we can't we can only borrow right if we save right americans right now are borrowing for
00:25:02.420everything right people buy stuff they have no money they buy it on a credit card they have all
00:25:06.660kinds of gimmicks now not even to mention leverage like how people invest all that look yeah i mean
00:25:12.040all that's gonna go away i mean americans aren't gonna be able to borrow to buy cars you want to
00:25:16.020buy a car you need the money right you can't just you know finance it over eight years with nothing
00:25:20.680down all that's gonna stop i have so many questions the one i want to ask just right now
00:25:24.600are you preparing for this like are you a doomsday prepper basically well i'm prepared like you have
00:25:29.240a farm you're self-sustaining well no i i'm not prepared to that degree but you know you know if
00:25:34.900you come to my house i mean i've got firearms well and but we've also got provisions you know
00:25:39.940we got i mean i i don't i don't have to go to a drugstore i can shop at my house we got a lot of
00:25:44.560you got a lot of stuff we'll go to peter's we'll go to peter's he's got drugs guys when the currency
00:25:49.280crisis happens we'll go to peter's we're doing drugs but we got hard crack i got like things
00:25:53.820things that, you know, but no, I have, you know, I have real money. I have gold and silver. I have
00:25:59.320a lot of foreign stocks. I have a lot of, the way I prepare financially is I don't have a lot of
00:26:04.500U.S. assets. I mean, I have foreign assets. Not even tech? You mean tech stocks? Yeah. No, I don't.
00:26:11.300Well, you know, the U.S. tech stocks, we have some good tech companies. The problem is they're
00:26:15.560real expensive. You know, I'm a traditional value oriented investor. I don't want to pay crazy
00:26:21.480prices for companies and you know when everybody wants to buy something it's typically overpriced
00:26:27.320how do you how do you are you basing that on multiples like yeah you base it on multiple to
00:26:32.540their earnings you can look at their dividend yield book value a lot of ways to value stocks
00:26:37.060but see right now people just buy stuff because it's going up doesn't matter what it's worth i
00:26:42.220mean that the ultimate is cryptocurrencies right because cryptocurrencies and again they're not
00:26:46.700really currencies, but they're not like an asset in that they don't pay a dividend, they don't pay
00:26:53.540interest, they don't pay rent, right? They don't throw off any income. They're not like a commodity
00:26:57.660that you can't use it, right? Oil, you can use it to drive your car, you know, soybeans, you know,
00:27:03.620you could eat them, right? Gold, you could use it, you know, in consumer electronics, you can make a
00:27:08.940watch out of it, right? Gold is an actual commodity that people use, but nobody uses Bitcoin for
00:27:14.260anything what you just gamble with it that's not true well what do you do with bitcoin i don't own
00:27:20.400that much bitcoin no but if you did just answer his question i'm a big nft guy well same thing
00:27:25.440i mean i mean well peter the answer is anything the answer is anything i can do anything with
00:27:31.620bitcoin no you can't name one thing buy a lamborghini no no no no you're well what you
00:27:37.080can do is you can exchange it you can't it's not a lamborghini like you could drive it i'm like oh
00:27:42.600okay like well hold on a second with the bitcoin itself what can you do with a dollar what can you
00:27:47.020do with the dollar yeah why is it no again you could use a dollar to get something he's saying
00:27:52.180you can't use a bitcoin no you can't no that's not what he said no i'm agreeing that the dollar
00:27:56.460paper the physical paper dollar right i mean obviously it's a piece of paper i mean you know0.98
00:28:01.300if it was softer you could wipe your ass with it but i mean because it's physical yeah but it's not0.96
00:28:05.820the greatest toilet paper i mean maybe if that's all you had you might use it would you know but0.99
00:28:10.640you know you could scribble a note on it in a corner you know you could you know but you can't
00:28:14.620really do much i agree that there's no intrinsic value to a paper bill so what's your intention
00:28:20.740when you go on these these rants about bitcoin and just you know this dang cryptocurrency i do
00:28:25.260want to know what your intention honestly because like are you not in an offensive way i'm just
00:28:28.800curious are you the type of person to be like here's the problem are you the person to be like
00:28:32.100here's the problem here's the solution well there is a problem the current monetary system we have
00:28:37.780that is no longer based on real money, right, gold or silver, it's just fiat currency, that is a
00:28:43.700problem. Bitcoin is not the solution to that problem, right? Bitcoin is helping people get
00:28:49.840rich who bought Bitcoin early on and who are selling it now, right? Those are the people who
00:28:54.960are making a lot of money. The people who are buying Bitcoin now are going to end up losing
00:28:59.540a lot of money unless they're able to sell it at a higher price before it crashes.
00:29:03.960What about the industry's continued adoption of Bitcoin that kind of spits in the face of that argument?
00:29:10.780Because up until six months ago, I would have sat on this couch and played the same team as you.
00:29:16.220But as you continue to see American tech, American financial institutions, American investors become more and more bullish on Bitcoin, on Ether, on all of these coins, at what point are you the only one sitting on the other couch?
00:29:30.400Yeah, you know, I've seen this before, right?
00:29:32.660If you go back to the 1990s with the dot coms, right, obviously, Wall Street really got behind
00:37:25.360Bitcoin could crash before that happens.
00:37:27.420I mean, I don't know what the pin is to break the bubble.
00:37:30.900By the way, to all our listeners, I should say I am a peasant in this room when it comes to knowledge of cryptocurrency and the blockchain.
00:37:39.920But I just – I don't see any other event that big that would plummet Bitcoin other than some sort of government federal regulation.
00:37:48.720It's happened before without any kind of –
00:38:57.460And listen, my belief on it too, just to add on to it, is that there may be even more risk now because you have whale holders that are industrial buyers.
00:39:07.380And more than anything, you have these absolutely insanely leveraged positions on on cryptocurrencies that that a 30 or 20, 30 percent drop could liquidate a mass portion of these leverage holders.
00:39:23.160There are a lot of people who have big gains in Bitcoin.
00:39:27.860They have been reluctant to realize those gains.
00:41:19.860you can't conduct electricity with it you can't make jewelry out of it you can't you know put it
00:41:24.420inside a a filling or you can't use it in aerospace i mean gold is a the most useful valuable metal on
00:41:30.780the periodic table and bitcoin doesn't have any of those uh characteristics it looks like it but
00:41:35.820they pretend that it's gold no no there's some guy got in trouble for selling these on the street
00:41:40.320because it it's a little gold bitcoin is a b with like money signs through it has like laser
00:41:45.260shooting yeah it helps again the human race very simple species and it's it's hard to imagine this
00:41:51.000this cryptocurrency floating around in the ether because that's kind of all it is so putting
00:41:55.540something physical to it helps us yeah yeah but also they want you to think you're buying gold
00:41:59.680that's why they say they have bitcoin miners nobody's mining bitcoin they're solving math
00:42:04.380wait you're telling me there's no guy with a pickaxe stop yeah so but they want to act like
00:42:08.920it's gold that was like part of the the con but over the last decade where bitcoin has been on
00:42:15.280the scene gold has been going sideways and and that's enabled the bitcoiners to say you see
00:42:20.880this is better than gold it's the new gold it's gold 2.0 gold's not going anywhere well what they
00:42:26.720forget is that the 10 years before bitcoin came on the scene gold went from under 300 to 1900
00:42:33.64010 years. So gold had this huge move. And has it done that kind of parabolic move
00:42:38.400historically at other times? The only time you really saw that big a move was, let's say,
00:42:42.780in the 70s. But we had a big move. And now we consolidated for a while. And remember,
00:42:50.260people during the last 10 years, you had a big boom in the stock market. Everybody was risk
00:42:55.280taking. Everybody wanted a big return. Gold is a safe haven. It's a store of value. It's not a
00:43:00.900get rich quick scheme. It's I don't want to go broke. It's if you're rich and you want to stay
00:43:05.440rich, you buy gold. It's not about getting rich. And so when you have this 10 year period of
00:43:11.180consolidation, now all of a sudden Bitcoin has the spotlight. But I think gold now is getting
00:43:16.860ready to break out of this phase. I think gold is going to have another big move similar to the one
00:43:23.060it had uh from 2001 to 2011 where it could go up 5x 10x right a big move and when that happens
00:43:31.280all of a sudden you destroy the the reason for bitcoin because now real gold is going up
00:43:36.560so why settle for a cheap imitation are you expecting that to have happen uh at the same
00:43:44.020time as the currency crisis right now well do they go hand in hand is what i'm asking right
00:43:48.260But I think gold will start to move up before the currency crisis because that will be gold's way of telegraphing that the currency crisis is coming.
00:43:57.060But where the currency crisis, the way this happens is so the dollar really starts to fall.
01:13:32.200We just want to push this crisis beyond that election. We don't care how much worse we make it as long as it's somebody else's problem and not ours.
01:13:40.980Right. And that's all they're doing. And every time we kick the can down the road, we make the problem worse because we it's you know, it's more debt.
01:13:48.480But it's like if you're an athlete and maybe you injure yourself, you're playing a football
01:13:56.880game, rather than just coming off the field and letting your injury, they shoot you up
01:14:01.800with some kind of drug so that you don't feel the pain and you can keep playing.
01:14:07.220But then you're screwing yourself up more.
01:15:38.600but you can't wait for interest rates to go up because you know eventually they're gonna go up
01:15:43.140but the government operates as if we don't have to worry because rates are low
01:15:46.960do you know do you know peter has a son who uh like negates him and goes directly against him
01:15:54.100socially financially or yes on twitter they have twitter bees have you guys yeah well i have i have
01:16:00.720a 19 year old son named spencer and you know kids like to rebel against their parents and so his0.98
01:16:07.000form of rebellion is he buys bitcoin he's like fuck you dad i'm on the blockchain now but and0.98
01:16:13.720you know just like a lot of other 19 year olds i mean he's you know gotten taken in by it you know0.99
01:16:19.600does he know you're on the show right now no he doesn't i want him to come i want him to come on
01:16:23.960and debate you but he's not here he doesn't want to debate no is he that sharp a lot of people
01:16:28.780have he's a very smart guy but is he but is he like i mean he's obviously not smart enough because
01:16:33.480he's buying bitcoin but you know there are a lot of look there are a lot of people that's what i'm
01:16:37.680saying he got beef with his own son there are a lot of people that have high iqs that are smart
01:16:43.300that that own bitcoin because smart people can do foolish things watch you know watch this i think
01:16:47.480something good's about to happen i'm not sure i'm not sure that he's like a potentially the
01:16:51.540laziest dog i've ever seen in my life watch watch how he gets off this couch if he decides to move
01:16:55.740from his half on half off he's like i need someone to aid me right now like here we go this is my
01:17:01.600favorite well i'm not kidding look he just drops he made it yeah it's every time i get it i get
01:17:13.740it eventually but also there's a lot of smart people that are touting bitcoin but again i'm
01:17:19.020always suspicious of the bitcoin pumpers whether or not they're being honest or whether or not
01:17:24.680they're just you know saying what they have to say to talk up bitcoin because you know whenever
01:17:28.540you're in bitcoin you need more people to come in and buy it i mean that's how this thing grows
01:17:33.780it is true it's it's become it's become a community and a movement but you know you just
01:17:38.580as much as it has a process ties about it you're almost you know it's like you're like you know
01:17:42.400these are the modern you know harry kirschner's they you know they got to like get more converts
01:17:46.640because the way bitcoin goes up is new people come in purchase yeah so you got the people that
01:17:51.940are in have to convince other people to get in and then also the people who are in who want to sell
01:17:58.120have to convince other people not to sell so i'm always very suspicious because while people are
01:18:05.360telling other people don't sell any don't sell any you never know what they're actually doing
01:18:09.300right because all these wallets are anonymous right nobody knows whose wallet is whose you just
01:18:14.260you can see an address but you don't know who owns it and you also don't know how many addresses
01:18:18.700belong to the same person right you can look at all these no it's a it's a mess i mean make no
01:18:23.600mistake this is as wild west as the wild west gets right so this is i mean this is a perfect
01:18:28.780pump and dump right where people are going to be pumping something up drumming up buying and then
01:18:34.120quietly selling into the the demand that they've created so some of the smart people may be smart
01:18:40.700in the sense is that they're just using bitcoin as a way to get rich and they're just saying all
01:18:45.800this stuff to get other people to want to buy it i mean it's a huge marketing success from that
01:18:51.520perspective people got into bitcoin in a big way when it was maybe 100 200 300 a coin they bought
01:18:58.580a bunch of bitcoin and then they spent a ton of money on marketing and they they pumped the thing
01:19:03.960all the way up to 60 whatever thousand right clearly they're selling right they're getting
01:19:09.220out i mean they're not holding everything um and and so we call those apps from that perspective
01:19:15.600paper hands paper hands peter oh diamond hands yeah no no you your paper you have gold hands
01:19:23.160yeah well i don't have any hands because i'm not in there but you were asking me about my son no
01:19:26.940hands so yeah my son and you know i mean there's a lot of you know people there's so many memes now
01:19:32.040that come out you know um like one of the recent ones was uh rich son poor dad right because you
01:19:38.300know i'm the poor dad because you know i don't have any any any big because he's hot his own way
01:19:42.880yeah yeah wait go on sorry you mine is so dumb i just want to know if you've ever actually like0.79
01:19:48.620went hunting for gold no like in the trenches i end up going on that that treasure ship with0.92
01:19:54.280these guys mine was dumb but um no i've never been out well there you know there are people
01:19:58.300that pan for gold yeah is that you no i've never actually so you're not you're not like peter pan0.86
01:20:02.260i'm not a prospector i'm not a prospector i all i was gonna say to you was because this is a
01:20:08.520completely topic i'd like to have a little bit of fun but you're from connecticut from the same
01:20:12.420neck of the woods is me yeah i live well yeah i was born in connecticut and i lived in connecticut
01:20:17.720and i still have a house in connecticut who do you think did more drugs you or mike
01:20:20.540well probably mike because i didn't i didn't do a lot of you don't smoke weed
01:20:24.320well i i don't need to discuss that here but i'm so no he's certainly not a big smoker
01:20:31.160i was simply going to ask you who there's a lot of good pizza in the world who by chance has the
01:20:37.560best pizza in the world we already discussed that it's in new haven but i but i also but i also like
01:20:43.040the new york pizza okay i mean but yeah who's your what's your go-to in new haven do you have
01:20:47.140a favorite well i don't get there very often but peppy is where you talk about yeah but um
01:20:51.880but um yeah you know who's no my father's buried in the haven really yeah do we want to talk about
01:20:57.420him at all are you open up shift yeah you could talk about him yeah i've got some notes about
01:21:01.280your dad actually can i just read these notes so here's would you write yeah yeah i guess what if
01:21:08.560he was like nah his father was a prominent figure in the u.s tax protester movement he died in
01:21:16.560federal prison in october 2015 while he was serving a sentence of at least 13 years for tax evasion
01:21:20.960yeah although technically i mean he was in jail because of his political beliefs okay so i think0.99
01:21:28.040he was a political prisoner which is you know so fuck my thing fuck my producer dylan who wrote0.96
01:21:32.940he remember that's i mean that's fine but i mean but yeah technically um but actually if you go0.99
01:21:38.240back to my father's conviction um you know he was that he always said that he was never convicted
01:21:44.640of tax evasion because the jury came back and they said well um can the government find you know
01:21:53.360is he guilty even if the government doesn't prove that he committed tax evasion? And the judge
01:21:59.680basically told the jury, yes, that you can convict them even if the government didn't prove their
01:22:03.520case. So, I mean, the government wanted my father convicted and the judge was basically there to
01:22:10.520make sure that a conviction occurred. It wasn't like it was a neutral setting and my father got
01:22:16.440a fair trial. In fact, he didn't even have a lawyer. He represented himself and his hearing
01:22:20.700aid wasn't even working. He couldn't even hear half the stuff, you know, because he was an older
01:22:24.700guy, even when he had the trial. But the thing with my dad is, you know, my dad wasn't somebody
01:22:30.200that just didn't pay taxes because he was trying to cheat, right, that he was trying to get extra
01:22:34.860money. My father told the government, I'm not paying taxes. And here's why, right? It's a legal
01:22:40.940argument. It's a constitutional argument. And it wasn't over a lot of money, right? It was a small
01:22:46.360amount of money. And my father, if he would have filed tax returns, could have easily found enough
01:22:52.760deductions to pay very little. And in fact, if my father just stopped paying taxes, the government
01:23:00.180would have left him alone. It was only because he was very public about the fact that he was not
01:23:05.560paying taxes. And a lot of other people started following his advice. They said, hey, this guy
01:23:10.540Irwin Schiff's not paying taxes, and he's not in jail, so I'm going to stop paying taxes. So they
01:23:15.020really wanted to make an example of him so they they they put him in jail but he wasn't a criminal
01:23:21.920and that he didn't have any criminal intent he didn't believe he owed any taxes it's different
01:23:26.980if somebody thinks they owe taxes and then they try to hide their money or they file false returns
01:23:31.480my father didn't do any of that right so he didn't have a criminal mentality he was it was a principle
01:23:37.880thing right so did you did you ever have a conversation with him just candidly and be like
01:23:41.520dad was it worth it because 13 years in prison depending more last time he was in jail a couple
01:23:46.980of other times so so is it worth it you know i you know my dad you know to his dying uh you know
01:23:54.480breath you know he was still committed uh to fighting this fight i mean he was obsessed with
01:24:00.300it and you know he died you know chained to a hospital bed he had a handcuff around his his
01:24:06.520ankle oh my god and you know my dad was diagnosed terminal uh lung cancer and they said he had about
01:24:14.540four months to live and i think he only ended up living for two but i tried to get him released
01:24:19.060on a compassionate release just you know let him die you know and they still wouldn't let him out
01:24:23.260um and and and the horrible part about it is so my dad when my dad was in prison when he was 80
01:24:29.960years old he was in prison in new york about 50 minutes from my house so i used to be able to
01:24:34.900visit him on the weekends. And when he turned 80, they said, okay, you're too old now. You got to go
01:24:39.920to a hospital prison. And so they sent him out to Indiana and far away. So I didn't get to see him
01:24:46.080as often because it was a plane, fly out there. So it was less convenient. We talked on the phone
01:24:51.140a lot, but I wasn't able to physically visit as much or not nearly as much. But he was supposedly
01:24:57.560there with a hospital. Well, meanwhile, my father got a skin cancer on his head that the government
01:25:04.340did nothing about it the doctors didn't treat it had they treated it he may still be alive today
01:25:09.420maybe he would have actually but that was like that i mean this is super simplifying it but it
01:25:14.460seems like a little bit of a oh now you need our help well when you put someone in jail you're
01:25:21.020supposed to give them medical care i mean they can't leave right but it sounds like he he was
01:25:24.980definitely targeted a little bit oh yeah to say the targeting well i don't know i don't know if
01:25:29.200he got worse treatment than a normal inmate or if that's just how the government treats the inmates
01:25:33.880But for people who want government health care, I mean, basically, my dad, the guy to skin cancer because they didn't do anything about it.
01:25:40.060And, you know, and when I even got the records, I mean, some doctors actually weren't even supposed to show me the records.
01:25:46.000I actually got some of these health records to show how, you know, how they basically kill them.
01:25:50.700And because by the time they they caught it, it was all over his body, you know, and it was really bad in his lungs.
01:25:56.580um but you know when he was lying in his bed right he was breathing through a tube
01:26:04.620and he couldn't eat right because he's eating through like intravenous yet they still had
01:26:09.420him handcuffed and they still had a guard in the room i'm like what are you doing he can't
01:26:13.200at what age 87 it's like can you just take that handcuff off of him so he doesn't have to lie0.96
01:26:19.960what was that oh shit what was that like for you that was it was so sad i mean you know i mean you0.94
01:26:25.280You know, I mean, just seeing him there and, you know, because I had a fly out.0.99
01:26:28.800He died in a it was a jail in Texas, in Dallas.
01:26:33.640But it was a hospital, but it was like a wing where where they where they take the inmates.
01:26:39.360But but my father was certainly not a criminal, you know, although one, you know, one piece of trivia that I always think is interesting is that there's there have been two books in the history of America.
01:26:53.400that the federal government banned right the first one was this book called fanny hill
01:26:59.360and i think it was some in the 1800s and the government banned it because they claimed it was
01:27:04.400pornographic right you know by today's standards i mean comic books probably have more porn
01:27:09.360than this thing but so the government banned it the other book that was banned was the federal
01:27:14.640mafia written by my dad and they actually banned my father from selling that book they didn't ban
01:27:20.900other people from selling it but he was the publisher and they banned him from selling that
01:27:25.060book to anybody wow um but yeah i mean but there's still copies of the book i mean people i mean you
01:27:31.380could buy i mean i still have a few copies i got a website shift books you know where i still have
01:27:36.100a few copies i'd love to get a cop yeah yeah but i mean but it's there's not that many books that
01:27:41.320the government has banned obviously you know it's a first amendment issue because it was a political
01:27:45.600book right it wasn't you know yeah but you could own Mein Kampf well yeah the government doesn't
01:27:51.300care about that but obviously you can read Karl Marx's communist manifesto my father
01:27:55.380Grimes was reading it yeah the government my dad told you how not to pay taxes that was what they
01:28:00.120didn't oh so it's yeah so it's like if it's like if Breaking Bad put out a like a book on how to
01:28:04.760cook meth yeah like yeah maybe still read a book on how you cook yeah they didn't ban it yeah you
01:28:09.820know but yeah because my mom told me at a very young age you want to cook meth kid cook meth0.99
01:28:16.280you want to fucking ride motorcycles too fast you want to do whatever the fuck you want don't you1.00
01:28:21.860ever ever fuck with the irs don't you fuck the problem though with my with my dad's book is it1.00
01:28:28.560was very persuasive because he had copies of the internal revenue code constitution supreme court1.00
01:28:34.480cases he had a lot of things backing him up so the government couldn't really refute what he said
01:29:23.280So I tell people, look, even if my father was technically correct on his view of the
01:29:28.740law and his reading of these court cases, and I've talked to people personally, right?
01:29:33.860lawyers judges you know who have told me right I think your father is right I think his reading
01:29:41.200of the law is correct but he's not going to get away with it so I've heard this firsthand from
01:29:46.100people who are you know again professional lawyers judges telling me that my dad was right
01:29:51.280but you know the government couldn't allow him to be right so so basically so I know that people
01:29:57.300I don't because I think the government is corrupt and I don't think we have a you know a fair
01:30:02.360society i tell people look do what the government says the government tells you to pay taxes pay
01:30:07.560taxes even if legally you're not required it doesn't matter because they make the rules they
01:30:12.120have the guns they have the jails right and so you know you just gotta do what they tell you even if
01:30:17.040what they're telling you is unconstitutional or illegal so just to bring it back full circle as
01:30:21.700kind of an end cap on that that's why whenever somebody looks at me and says regulation on
01:30:27.660crypto the government can't do that well trust me man well they look if they if they declared
01:30:35.620it as contraband if the u.s government decided look crypto is is like can you imagine well china0.86
01:30:42.400i mean china's already look they're about to force people to get vaccinated right i mean they're0.55
01:30:46.480basically saying we can do something for the common good right because they're saying that
01:30:50.680you need to get vaccinated not for yourself but because it's good for society so if the government
01:30:55.660says bitcoin is bad for society it's undermining our banking system our currency it's it's enabling
01:31:02.340a criminal activity you know we need to you know you're you're you're you're you're a terrorist if
01:31:08.240you own bitcoin right you're you're you're you're no longer a patriot it and so we're going to just
01:31:13.120make it illegal and they say okay if you're caught with any bitcoin it's a year in jail it's five
01:31:19.460years in jail it's ten thousand dollar penalty i mean who the hell is going to touch it yeah but
01:31:24.780also who's gonna enforce that oh my god well i don't know nightmare but it's all on it's all on
01:31:29.480the internet i mean there's a there's a you know it's there's a trail of everything you do you know
01:31:33.220it's wild to me i was just gonna say like historically i look at how many times the
01:31:37.140government has been wrong or has like revoked a decision and it happens so much throughout
01:31:43.520history more than more than i'd like to i mean acknowledge anyways even just like in
01:31:49.900from the beginning of this country like oh yeah there's a part of the constitution that said0.93
01:31:56.160this this human is is 40 less than me on on when it comes to voting what the fuck even with0.96
01:32:04.600prohibition just alcohol is illegal now and then then it's not bro look at and so like i just well0.97
01:32:13.120at least we had respect for the constitution back then because when they wanted to prohibit alcohol
01:32:17.660they amended the constitution to do it because they knew the government had no authority
01:32:21.820to outlaw drinking but today i mean they just government does whatever it wants i mean nobody
01:32:27.340amends the constitution for anything because the constitution doesn't have any meaning anymore the
01:32:31.240government just gets away with whatever it wants which is another reason it would be easy to outlaw
01:32:37.220bitcoin if they wanted to but again i don't think they're going to right i don't think the government
01:32:41.580is going to outlaw it i think they want to tax it and they want to regulate it they don't want
01:32:46.280to outlaw it. If they were threatened by it, then they would outlaw it. So the way I've always said
01:32:51.580or looked at it is if Bitcoin succeeds, the government will kill it. If it fails, well,
01:32:57.380it just dies of natural causes. But if it does succeed, it will be a victim of its own success
01:33:03.200because the government hates competition. And if they actually saw Bitcoin as competition
01:33:09.260for the US dollar or threatening the dollar status, they would clamp down.
01:33:13.960what about a third option what's where we all win what about what about i don't know what if the
01:33:20.820government it what if it succeeds and the government adopts it well why would they do
01:33:26.380that because because what what's okay so you have all these this tethered stuff no speculation not
01:33:31.060tether for example but usdc and all these you know whatever other coins that are stable coins
01:33:36.200pegged to the us dollar exactly why doesn't why doesn't the government just say oh yeah you're
01:33:40.700ours now well they're not going to want bitcoin because the government can't create bitcoin but
01:33:45.380look do i think the government is tempted or likes the idea of a digital currency that's a digital
01:33:53.540dollar absolutely the government would like it but i i don't like it as a as an american because
01:33:59.760what that does is that gives the government even more power over the population because right now
01:34:05.800if you have a you know you have a wallet and you have dollar bills or federal reserve notes in
01:34:10.300there you can go out and buy stuff and the government doesn't know that you did it right
01:34:14.360the government is not spying on your every transaction but if the government can succeed
01:34:19.400in eliminating all paper currency and force us to do every transaction there's a ledger
01:34:24.640built a system that we thought decentralized to work for us that we decentralized to work
01:34:29.640right we end up empowering the government pop and son of a that's why they're not taking it
01:34:34.160out they're like they're like keep going go we see but now the government and and what people0.89
01:34:39.960forget there are a lot of that's fucked and by the way that's gonna happen we built it for them1.00
01:34:43.960yeah there are a lot of people those you fucked us fucking assholes damn it like you sent 221.00
01:34:50.100million dollars to this wallet which belongs to an international arms dealer it's on the internet1.00
01:34:54.820you're going to jail on it right but it ends up backfiring and it gives the government more power
01:35:01.340And the reason you don't want the government knowing every single transaction that you make, right, is they have too much personal information about you.
01:35:09.960And a lot of people think, well, I'm not doing anything wrong, so what difference does it make?
01:35:13.760Are you about to bring this into data?
01:35:16.320Are you about to bring this into a data conversation?
01:35:18.160What I'm talking about is you may be doing things that are totally legal that you don't – that are not wrong, but the government may end up using it against you in some way in the future.
01:35:28.340And the government could be very corrupt in the future.
01:35:31.340And one of the ways that we keep the government from getting corrupt is the ability to violate
01:36:24.100like what if satoshi is a member of the government who's like power to the people0.98
01:36:28.080decentralization so that all these people are like dude now the government can't fuck with me0.99
01:36:32.380only so that the government could fuck with them oh my god we're the bugs yes maybe correct we're0.97
01:36:38.600the bugs maybe what happens is when all these currencies crash and then the government say0.99
01:36:43.720see we told you capitalism doesn't work you can't trust this you need you need uh the dollar right
01:36:49.720But we'll we'll now make a digital dollar because you all want a digital currency.
01:36:54.020You just don't want the ones that failed.
01:36:56.180We're going to use a new one that will succeed because it's going to be backed by the full faith and credit of the U.S. government.
01:37:03.500But also what I don't like about it is it gives the Federal Reserve even more power to just play around with the money supply and interest rates, negative interest rates.
01:37:12.260You know, they can do even more damage.
01:43:20.860but it's also an nft but it's it's a necklace yeah i made it into a necklace of it yeah and
01:43:28.900you and it's just a it's an image yeah yeah but do people trade them like you know like digital
01:43:34.160beanie babies absolutely but are are they are they the same what was the what was the original
01:43:38.320like the crypto kitties crypto kitties was one of the first yes but also anybody buying no no no
01:43:44.260crypto well the model was silly it was it has always been sorry sorry sorry sorry sorry the
01:43:48.380product was silly silly the model made sense and was emulated and a couple of projects did it
01:43:52.880successfully crypto punks was one of them and and they're they're popping right now so i'm saying0.76
01:43:56.840like would you would you ever buy a crypto punk i don't know the pad you know i you know i have to
01:44:01.840look at them but i mean most likely anything crypto to me at this point is probably overpriced
01:44:07.320and hyped up so you know especially these well maybe they're not over yeah they are dude you
01:44:14.260From what I understand, they're going to a $10 million floor, man.
01:44:17.440So there's an expression, I think it was John Templeton that said, I want to buy assets when there's blood in the streets.
01:44:26.180So when everybody is dumping us, I mean, if you think there's any value in any of these things.
01:44:32.940But, you know, I hear people again, you know, I go back to guys like Michael Saylor, who's always talking about, you know, the digital property and digital, you know, digital assets.
01:44:42.500And look, he talks about digital music.
01:44:44.560Yeah, music is fine because you just listen to it.
01:58:49.700I mean, I initially started a lot of this as a way to talk to my clients.
01:58:53.920But now I have a very broad following of people who aren't my clients.
01:58:59.360A lot of them don't necessarily have the money to invest with me.
01:59:02.160But I'm glad that I'm able to help entertain them and help educate them to understand the
01:59:08.260problems and to understand government's role in creating them.
01:59:11.680Because what the government likes to do is they create problems, and then they blame the problems they create on capitalism or freedom.
01:59:18.620And then they say, you see, we need more government to solve these problems when government is why we have the problems in the first place.
01:59:26.420And right now, socialism is very popular among young people because the government has given capitalism a bad name because we preach it, but we don't practice it.
01:59:37.460And so I want people to understand what freedom means, liberty, capitalism, the principles
01:59:43.120upon which the nation was founded, so Americans actually understand their heritage and understand
01:59:49.020what this country used to be and what it can be, again, if we can succeed in limiting government
01:59:55.160the way the founders limited government.
01:59:57.260Because when you limit government, you maximize freedom.
02:00:00.060When you maximize freedom, you maximize prosperity.
02:00:03.160Because Americans, we didn't always pay income taxes.
02:00:05.560At one point in time, there were no income taxes.
02:04:17.420as when the Pope gets up to wink on Halloween.
02:04:19.880Listen to Artists on Artists on Artists on Artists every Thursday on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.