00:00:04.000We go through the cryptocurrency craze and we dive deeper into what might be coming, which is inflation.
00:00:11.000Email us your questions, freedom at charliekirk.com, to contact us directly.
00:00:16.000If you'd like to support this program, go to charliekirk.com/slash support to support our team of editors, researchers, fact checkers at charliekirk.com/slash support.
00:00:45.000His spirit, his love of this country, he's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA.
00:00:53.000We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.
00:01:05.000I still get excited to get a package in the mail, don't you?
00:01:08.000Well, after spending some time on the phone the other day speaking with Dr. Douglas Howard, the doctor who formulated Balance and Nature's blend of fruits and veggies, he sent me my first month's supply.
00:01:17.000I've actually been taking Balance of Nature for quite some time, so listen carefully.
00:01:21.000So now I'm taking responsibility for my own health.
00:01:23.000With Balance and Nature, I get 10 servings each day from a proprietary blend of 31 different fruits and veggies.
00:01:31.000When I'm eating my lunch, I have my Balance of Nature capsules, and they're pretty awesome.
00:01:36.000For me, there's no other way I could get even close to getting this level of valuable and wholesome nutrition.
00:01:41.000I just pop a few capsules and I'm good for the entire day.
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00:02:33.000Can you tell me actually how it works?
00:02:34.000And look, I even have limited knowledge to the extent of how the technology works, but I understand enough of how it works at least pragmatically, at least how we use it and how its limitations and its difficulty.
00:02:53.000The Biden administration is now trying to pass a $1.9 trillion stimulus bill, $1.9 trillion.
00:03:01.000So where are we right now as far as our economic conditions?
00:03:06.000Well, if you look at the stock market, everything looks great.
00:05:24.000China is basically wide open, and China has not in the last two years embarked on massive central bank quantitative easing.
00:05:34.000We are borrowing against ourselves to keep our addiction to cheap money alive.
00:05:43.000The central bank has nearly destroyed the price of money.
00:05:51.000So the Biden administration is going to have a couple choices.
00:05:57.000They can either admit that we are going to stay in this long-term debt cycle and inflate our way out of it with very little growth, which is really good for people that have debt.
00:06:08.000Why do you think corporations went and borrowed $400 billion in the last year?
00:06:13.000You know, the best way to forgive debt?
00:06:16.000The best way to forgive debt is through inflation.
00:06:20.000By best, I mean best for the borrower, not the creditor.
00:06:27.000The easiest way, I should say, to forgive debt is when your dollar is next to nothing.
00:06:37.000We are on the verge of not necessarily an economic collapse, but economic chaos, where we will have dozens of different issues that we will simultaneously try to be addressing at once.
00:06:55.000Now, mind you, I think we are up against some pent-up demand.
00:06:59.000If we can open our economy in the next 30 to 60 days fully and completely, a lot of these problems will naturally be solved.
00:07:09.000But there is one indicator that is fascinating to me that goes to show that there is a growing distrust in our institutions beyond just the political elite.
00:07:22.000We're talking about the thing that all of us use every single day, dollar bills.
00:07:31.000As the China virus spread across the globe in the spring of 2020, Noble Gold investors flocked to precious metals as a financial safeguard.
00:07:38.000Gold is up more than 30% since March of 2020.
00:07:41.000Silver surged more than 50% over the same period, reflecting the correlation among precious metals during the time of financial volatility.
00:07:47.000But providing financial protection is not the only role that precious metals play in this fight.
00:07:51.000Precious metals also have broad applications in the medical field that go well beyond the dental uses most people associate with their value.
00:07:59.000But providing financial protection is not the only role that precious metals play in this fight.
00:08:03.000Gold and silver nanoparticles are an essential part of virus research and prevention.
00:08:07.000As the China virus mutates, science will have to adapt its prevention methods accordingly, and precious metals will continue to stay in demand.
00:08:14.000As for me, I will continue to trust the team at Noble Gold, a leading authority in the precious metals industry.
00:08:18.000If you have the kinds of questions I do about your financial mix and how to best leverage precious metals as a hedge against market uncertainty, I encourage you to visit NobleGoldInvestments.com and call their team for a free gold guide called Noble Gold Today and tell them Charlie Kirk sent you for a special gift with all qualifying transfers.
00:08:37.000We've been getting a lot of emails from freedom at charliekirk.com of people saying, Charlie, should I buy Bitcoin?
00:09:33.000It's revolutionary in more ways than one.
00:09:36.000And you could see why the central bankers have hated this.
00:09:40.000Russia tried to ban it a couple years ago before actually just deciding to completely embrace it as a way to try to send money quickly outside of the international banking system.
00:10:08.000Now, it's not anonymous if people can trace your Bitcoin wallet ID number to you.
00:10:13.000But if you have an anonymous Bitcoin wallet, no one knows who's actually doing these purchases.
00:10:18.000This is different than a normal bank where you can never see the ledger of a bank.
00:10:23.000You don't know who their depositors are.
00:10:25.000You don't know how much money they actually have.
00:10:28.000But the brilliance of Bitcoin in the blockchain is that anyone can create a Bitcoin.
00:10:37.000If you have the coding capacity or even the amount of power it takes, and I'll get to that in a second, to have high computer processing power, anyone can create a Bitcoin.
00:10:54.000A Bitcoin is really just a series of numbers.
00:10:58.000But when you have millions of people trying to create the next Bitcoin, and a number is anywhere between 40 to 55 digits with numbers and letters, it takes an extraordinary amount of computer processing power, a lot of energy to be able to guess what the next Bitcoin is.
00:11:24.000And I'm going in very much layman terms of how I'm describing it.
00:11:26.000There's a much deeper technological coding infrastructure behind this that even goes beyond my above my head.
00:11:33.000However, owning a Bitcoin is like owning a specific number.
00:11:42.000People can say that that number that you own cannot be replicated or duplicated.
00:11:50.000The brilliance, though, of what Bitcoin was able to accomplish and solve is that the more people that try to actually create Bitcoin, the harder it becomes to create a Bitcoin.
00:12:03.000And this was supposed to be a hedge against inflation.
00:12:08.000For example, the more you try to create Bitcoin, the more energy it's going to take to actually do that.
00:12:21.000Basically, the mining difficulty becomes exponentially harder with the mining power that is needed as more people get into the space.
00:12:31.000It was supposed to be a hedge against inflation, and so far it's worked.
00:12:37.000If I was doing this broadcast one year ago, today, Bitcoin was about worth $9,904 a piece.
00:13:01.000The answer is actually has very little to do about Bitcoin and a lot to do about the side of circumstances around us.
00:13:10.000People no longer trust the fiat currency, which is Latin, that means by decree, because I say so.
00:13:18.000It's no longer backed by gold system that we have.
00:13:23.000The gold standard, which predated the fiat currency system, restricted the amount of dollars and the money supply that could be introduced into the economy.
00:14:12.000Well, you do that a couple times, then you're all of a sudden going to have a quickly deteriorating currency.
00:14:21.000So what this tells me right here, the fact that Bitcoin is now worth $46,485, is that people are saying, I trust the computer that spits out a number more than I trust the Federal Reserve.
00:14:34.000That should be a fire alarm, everybody.
00:15:10.000And the psychological trust people have behind it.
00:15:12.000When you introduced multi-trillions of dollars into the system and not even do investment, it'd be one thing if every one of these stimulus packages, they were doing massive infrastructure projects, rebuilding highways, rebuilding airports, actually improving the condition of the country.
00:15:34.000These are we're going to go borrow from the 2040 generation that hasn't even come to age yet so that we can pacify our own selfish interests today.
00:16:58.000And yes, we now are seeing this with Bitcoin.
00:17:02.000And you have 32-year-olds that are earning a decent wage that are saying, I trust an anonymized computer program more than I trust the Federal Reserve.
00:17:16.000What's going to break the back of the U.S. dollar and what is going to only increase the price of Bitcoin is when more and more companies start to accept Bitcoin as a means of currency.
00:18:53.000What does that mean for you listening right now, if you're driving in your car or listening on the podcast, or if you're listening on the live stream?
00:21:30.000Not only are you getting the lowest price ever, $29.98 for a queen-size premium, but Mike is extending a 60-day money-back guarantee to March 1st, 2021.
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00:23:37.000They said, hey, a 12-year-old, high school, not 12-year-old, I'm sorry, 14 or 15 or 16-year-old, says, hey, Mr. McNeil, one of my friends, when she was 12, used the N-word.
00:23:49.000Do you think that should be reason to kick her out of whatever?
00:23:53.000And Donald McNeil then asked the kid, and he said, well, what's the context?
00:26:17.000He goes on a trip with these kids, repeats the word that somebody else said in reference to it, not calling a kid that, and then he loses his job.
00:26:38.000You see, the Democrats and the left, they're running out of targets to obliterate.
00:26:43.000And they're going to start going after their own writers, their own journalists, their own screenwrites, their own actors, their own politicians.
00:26:50.000If they are not appropriately woke enough, and if they have the one thing that they might have done wrong, we will run you out of the building.
00:26:58.000Donald McNeil Jr. did not purchase the correct progressive insurance.
00:27:05.000Remember, we talked about progressive insurance being you say a bunch of woke stuff so that in the future, if you use something wrong, you have insurance against retribution.
00:27:15.000Thanks so much for listening, everybody.
00:27:17.000Email us your questions, freedom at charliekirk.com.
00:27:20.000If you have any questions or comments or points of feedback, if you want to get involved with Turning Point USA, go to tpusa.com, where we play off into the sense of urgency to win America's culture war.
00:27:30.000And if you want to support us, go to charliekirk.com slash support.
00:27:33.000Thanks so much for listening, everybody.