BBN, Jan 24, 2024 - TRUMP WINS again, CRYPTO and GOLD beat counterfeit currency
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Get him, get him, get him. Get him, get him, yeah, get him. Get him, yes, yes.
Get him, get him, yeah, get him.
All right.
Good boy!
Good boy!
I see a tail!
Okay, welcome to Bright Town Broadcast News for Wednesday, January 24th, 2024.
Mike Adams here, and what you saw just there was an outtake from our show.
Decentralize.tv is the show and the website, and that was Rhodey.
We finally got him to attack the mannequin there known as DTV Man.
You know, Rhodey loves to play with his rings, and he's a Belgian Malinois dog, and I didn't want to give him the attack command, you know?
And because I didn't, like, that mannequin wasn't acting like a target, you know?
It wasn't moving, for example.
And so he was reluctant to bite it.
We finally got him to rip its arm off, which was good.
That's what you saw just there.
Anyway, the interview today is actually from Decentralized TV, and it's with Tyler McCracken, who's a writer for Coin Bureau, an analyst, a former bank analyst, somebody who knows finance inside and out and now covers cryptocurrency and private crypto and so on.
So that interview is being posted today.
With the full after-party discussion with my co-host Todd Pitner.
And you'll find that full episode at decentralized.tv.
But we're just going to feature the interview in today's Brighton Broadcast News.
So that's coming up.
The big news for today, of course, is that Trump has won New Hampshire.
As we knew he would.
I mean, I've said for quite some time here that Donald Trump is going to be the nominee.
I mean, Nikki Haley is a joke.
Come on.
A rhino clown show, right?
And I think she's going to be out.
I think she's going to call it quits real soon here.
Maybe by the time you hear this.
But as of late Tuesday night, 81% of the votes counted, according to Associated Press.
Those are the last numbers I got.
Trump has 54.8% of the vote, and Nikki Haley has 43.6%.
So...
Trump trounced Nikki with an over 10% margin, even though Nikki, it was hoped by the anti-Trumpers that Nikki would win New Hampshire.
Well, she didn't even get within 10 points.
I mean, no way she's going to win.
I mean, it's over.
In fact, believe it or not, Ronna McDaniel, she is the Republican National Committee chairwoman.
And she's a piece of work in her own right, by the way.
I mean, she's basically a rhino support system or something.
I don't like Ronna McDaniel at all.
She represents, you know, the Republican establishment.
The Dick Cheney's, the Bushes, the Lindsey Graham's, you know, all the pro-war neocons, right?
But even she, Ronna McDaniel...
Has now joined those calling for Haley to end her failed campaign for the GOP nomination for president.
This is according to Breitbart.
And she called for Nikki Haley to drop out so that Republicans can, quote, unify behind Trump for president.
That's a big deal that Ronald McDaniel, who despises Trump, by the way, You know, because, again, Rana is a rhino.
Her nickname probably should be Rana the Rhino, or Rhino-Rana.
Rhino-Rana-Romper-Room, or something.
McDaniel's call may be the biggest yet, says Breitbart, as now the formal chair of the GOP nationally is saying that Haley has no pathway to the GOP nomination and must end her bid so that Republicans can focus on defeating Biden in the general election.
This is a massive, massive loss for Haley on Tuesday night, according to Breitbart, and proof that it is very likely she does not make it to South Carolina from here.
And by the way, did you hear Nikki Haley talking about how she was the victim growing up as a brown girl?
Did you hear anything about that?
I caught sight of some of that yesterday.
I was like, brown?
Nikki Haley?
What is she talking about?
A brown girl?
She's not a brown girl.
What is she talking about?
Someone made a meme out of it and said, name things that are not as white as Nikki Haley.
And the first answer was mayonnaise.
I mean, Nikki Haley is as white as white gets, as far as I know.
I don't know what she's talking about.
Is she trying to pull out the race card at the very last minute?
Like, that's the way to beat Trump?
Hey, Trump has proven here that the winning color is orange, not brown.
The winning color is orange.
Orange man wins!
Again!
So, folks, it's all Trump from here forward.
It's, you know, despite...
I mean, I've been critical of Trump on many issues, some serious issues like Operation Warp Speed, and as you know, I am not...
I don't worship people, celebrities or politicians.
I don't think Trump can save America, but I know that he will try to stop America being destroyed.
I think it's too late for anybody, but I would much rather Trump be in the White House than the Democrats as this last chapter of the American Empire unfolds.
No question about that.
But even though I have reservations about some of Trump's positions, it is true that the alternative, the Democrats, Criminal, terrorist, depopulation pushers, child mutilators, child traffickers, liars, fraudsters.
I mean, it's the worst of humanity in a political party.
That's what Democrats represent.
So the choice is abundantly clear at this point.
It's either Trump or everything gets so much worse for America.
So, I mean, that's the obvious take on this situation.
By the way, I don't know if you can hear the humming server that's in my office here.
I've mentioned it a few times, kind of apologizing for it.
It's in idle mode right now, so maybe you can't hear it.
I stopped the transcription execution.
We've got this machine doing all kinds of transcriptions right now, so this is part of the AI large language model project that we're working on, and I'm happy to report we've made a lot of progress recently, and we are on track to be able to release this model to you, free of charge, as a downloadable, executable file.
There'll be a Mac version, a Windows version, and a Linux version.
Not a mobile version, though, because mobile phones don't have enough resources to run these things.
But Mac, Windows, and Linux.
And we're on track to release it at the end of March, at least our first model.
And this LLM, as it's called, will be publicly available.
Again, open source.
You'll be able to build on top of it if you know what that is.
You'll be able to query it.
You'll be able to ask it questions.
This is a chatbot.
And you can ask it questions about herbs and nutrition and growing food and making your own natural medicine and which phytonutrients are in which foods.
And you can ask it about ingredients at the grocery store.
You'll be able to ask it all kinds of questions, including about traditional Chinese medicine, indigenous medicine, Amazonian medicine, all kinds of things, Native American medicine.
And it will give you mostly really good answers.
I mean, it's a research tool.
It's not perfect, but it's the first of many releases that we'll have this year.
So as part of that, of that, we have been given permission by many creators of documentaries and interviews and podcasts to turn their materials into text-based training material, which requires, of course, transcription.
So one of the tasks that my server here in my office is crunching on, and this isn't the only server we have for this project.
This is just the one that...
I get to play with.
But I decided to use it for transcription.
So it takes in MP4s or MP3s, you know, audio video files, AVIs, whatever.
And then it crunches it with a transcription engine into a resulting text file.
And what's really interesting about this is that at first, we ran into a lot of issues of the transcription engine, which is based on AI, doing some crazy stuttering.
It would repeat things.
It would...
If I were saying, that's a nice hat, then the transcription engine would sometimes put out, that's a nice hat.
It had a stuttering problem.
I'm not teasing people who stutter, by the way.
I'm accurately describing what this engine is.
And it was like, oh, it's driving us all nuts because we don't want to use that to train the AI language model because you're training it to stutter.
Can you imagine if you ask it, like, what herbs are good for reducing inflammation?
And then it answers turmeric.
I mean, that's not going to work.
And again, I'm not making fun of people who stutter, so don't take this the wrong way.
The engine was doing this.
Anyway, we fixed it.
We finally solved that problem, thanks to some clever engineering on our team.
And so now we have a non-stuttering transcription engine.
You might think, how could it even stutter anyway?
Well, these AI systems today, sometimes they have a mind of their own.
They do a lot of weird things.
Some of these transcription engines out there, they make up stuff during silence.
So if you're feeding it something like, that's a nice hat, and then there's five seconds of silence, it will invent something that goes with the nice hat.
It'll spit out in the text file, that's a nice hat, too bad you sat on it.
And you're like, what?
That's not even in the audio.
Where did it come up with this?
That's called hallucination.
And these language models do hallucinate, by the way.
Sometimes I think there's like a court jester in the machine that's just making stuff up that's funny.
Or a ghost in the machine.
A spirit in the machine that has this weird twisted sense of humor and it's just throwing stuff out there like this stuttering, hallucinating transcription engine, you know.
Ugh.
But do not be concerned.
We have human document cleaners.
Yes, we have a human team of people looking over everything as part of the training data pipeline for this project.
I look forward to being able to get you this.
I'll keep you posted.
And if you do hear, like, whirlwind fan sounds in the background, that's just the non-stuttering, non-hallucinating transcription engine doing its job.
All right.
Do you recall, by the way, to change the subject, you recall that I said there's going to be a military draft, most likely, in the United States and across Western European countries?
I covered this yesterday and in some special reports.
And, you know, it occurred to me that part of the depopulation agenda among Western nations can really take advantage of Russia's military capabilities by drafting young Americans or Canadians or Brits and then throwing them at the Russian killing machine, it occurred to me that part of the depopulation agenda among Western nations can really take advantage of Russia's military capabilities by
And just letting Russia kill off all the, you know, the young people that these leaders want to depopulate anyway.
So war is a depopulation mechanism where the globalists can achieve some of their goals of rapid depopulation.
I know there are other mechanisms like famine and bioweapons and just, you know, violence and of course the destruction of the family unit, infertility, and also mutilating the genitals of children through transgenderism and the whole LGBT twisted agenda.
Those are other methods of depopulation, but war is a really big method.
And so I recorded a special report today that talks about this in more detail.
I thought it was a really important point.
It says, expect a nuclear false flag in Europe, followed by conscription among Western nations.
And then sure enough, today there's a rumor going around that the United Kingdom is looking at conscription to drag up a bunch of reluctant Brits and have them slaughtered.
You know, when thrown against Russia's defensive lines.
So sure enough, like a day or two after I say something, it becomes policy, it seems, sometimes.
But check out this special report here.
Again, it's, I don't know, a little bit under 20 minutes long.
I give you a lot more detail there.
I recorded that earlier.
Also, sorry about if you're hearing thunder and lightning in the background, there are storms sweeping through Central Texas as I'm recording this late at night.
So I've got the whirlwind of the server and thunder and lightning, and who knows what else is going to happen.
Probably like barking coyotes in the background and squawking ducks or something.
Who knows?
You never know what kind of sounds you're going to get when you live out in the country.
But enjoy this special report.
I'll be back with you on the other side.
I want to provide more details on a thread that was posted by Kim.com talking about how the replacement for Zeluzny, who's the current military commander in Ukraine, or maybe he's already been replaced.
But the replacement of Budinov is a CIA pick and a State Department pick.
Because Budinov is willing to carry out a nuclear false flag event in order to escalate the war and allow Western nations to draft millions of their citizens into the military and potentially even to cancel elections, you know, such as the one coming up in the United States.
I mean, that's a possibility.
Or otherwise declare a state of war, which might involve states of martial law, gun confiscation, extreme restrictions on freedom of speech, shutting down independent media on the internet, all kinds of things like that.
So if you ask yourself, what is a big enough false flag event that would drive so much fear into the minds and hearts of the American people that people would accept All of these things I just described.
All those restrictions.
Well, a draft, martial law, an internet kill switch, and so on.
And the answer is, it would have to be something so big and so terrifying that the American masses would have to be led to believe that they would all die if they didn't give government all this power.
And what is a big enough event to achieve that?
Obviously, it would have to be bigger than 9-11.
I mean, 9-11 was terrifying in 2001, but by today's standards, with what's happening in Gaza and Yemen and so on, or even in Ukraine and Russia, by today's standards, 9-11, I almost hate to say this, I don't mean any disrespect for all the people who lost their lives there, but by today's standards...
The loss of 3,000 lives in one terrorism event is kind of small relative to today.
So they're going to have to come up with something much, much bigger.
Probably a bigger body count or at least threatening a much larger number of people.
And there are only a few events that could achieve such a thing.
One of them would be a nuclear false flag event or a nuclear detonation event.
Perhaps in Europe, perhaps in a U.S. city, or perhaps a grid-down cyber-attack event, or perhaps a cyber-attack false flag that takes down the banking system but is blamed on Russia.
You know, it's a pretty short list, is my point.
And it has to be something very big.
So Kim.com was saying that they're going to want to blow up a nuclear power plant and blame Russia.
And this isn't the first time we've heard this, because earlier on in the war there was all that fighting over the plant in the region, and I know I'm not pronouncing this correctly, but Zaporizhia, I think?
Is that it?
I have trouble with all the Russian names.
But that nuclear power plant was shelled by Ukraine.
Russia currently controls that territory, but with the help of the West, they could launch maybe a cruise missile or some kind of exotic orbital weapon of some kind to destroy that nuclear power plant and cause a massive nuclear event, they could launch maybe a cruise missile or some kind of exotic orbital weapon of some kind to destroy that nuclear power plant and
And that would set off mass panic across Western Europe and the United States, and it would give the Western corporate media something to blame on Russia.
Like, look how dangerous Russia is.
They blew up this nuclear plant.
They're a suicide cult.
They're going to destroy the world.
We have to do everything to stop Russia.
We need to have a military draft, you know, on and on.
Meanwhile, European nations will be dealing with radioactive fallout.
Which is, you know...
I mean, since European nations are committing suicide anyway, they might welcome it.
I mean, the leaders would welcome it, not the people.
But the leaders would say, you know, finally, something to mass kill the rest of our citizens.
So we can make room for all the illegal migrants sweeping in, you know?
Since they're fleeing the Middle East in ever larger numbers.
But this would result in Western European nations...
Just radically tilting into a wartime mode in a way that we haven't seen since World War II. We're talking severe wartime mode, wartime economies, wartime conscription, money printing, you know, canceling elections, canceling freedom of speech.
I mean, heck, the EU is already criminalizing so-called hate speech, which is anything that they don't like.
If you criticize the government, that's hate speech!
They're gonna throw you in jail.
So they're prepping their societies for this in order to have total control and to put the world in a committed war scenario that will ultimately accomplish the accelerated depopulation of the European citizens,
you know, the white Europeans, The Brits, the Spaniards, the Germans, and so on, they will be conscripted and exterminated as they are thrown against Russia's defensive lines.
And Russia will be used by the West as a depopulation grinder, as I said the other day, to just chew up and annihilate more and more citizens that these Western countries are trying to get rid of.
Remember, they're not going to send the illegals, the migrants, to go fight Russia.
They're going to send the citizens, you know, the taxpayers.
The illegals will be the ones who inherit those countries.
So when Germany collapses, it's already on track, and millions of young German males have been exterminated in the war with Russia, the contrived war.
It'll be the new migrants that sweep in and take over the German housing and jobs and businesses and economies.
It's a complete switcheroo, basically.
Out with the Germans, in with the migrants.
And the same thing will happen in the UK. I mean, it's already happening.
Same thing in France and the same thing in the United States as well.
This is a giant reset of who are the populations in these nations.
Now, in this process, your rights and freedoms are going to be obliterated because we're going to be in this wartime emergency.
Everything will be considered an emergency, just like during COVID. Remember during COVID, you couldn't say what you wanted to say.
You couldn't question anything because they would say, what, are you on the side of the virus, you know?
Are you trying to worsen the pandemic?
You're a threat to society because you're not wearing a mask or whatever.
You're going to find the same thing happening now.
If you criticize the government, it's like, oh, you're helping Russia!
Or they'll say, oh, you must be working for Putin.
All that is necessary for this plan to succeed is a sufficiently terrifying false flag event that just strikes fear into the hearts and minds of all the people across Western nations Making them easily malleable by the nefarious authoritarian regimes that are desperately trying to stay in power while they exterminate their own people.
In other words, the Biden regime, the Trudeau regime, and all the regimes that define Western Europe and the EU leaders like, you know, von der Leyen and so on.
These are all tyrants.
They want to exterminate their own people.
And world war with Russia is their next plan to achieve that.
I think largely because the COVID vaccines kind of failed.
I mean, the vaccines have so far, by many estimates, killed maybe 20 million people around the world.
Well, that's a drop in the bucket for what the globalists were really hoping to achieve.
They want to kill billions.
And even war with Russia, it's going to be difficult for them to achieve billions of deaths.
They probably won't be able to.
Now, they'll easily achieve millions, especially if they start nuking their own cities, you know, if the false flag events just escalate to the point where MI5 is nuking London, you know, to blame Russia, or the FBI and the CIA are conspiring to nuke Some U.S. city in order to blame Russia.
Well, yeah, they're going to kill potentially millions of people in those kinds of events.
And that's more on track with what the globalists want to achieve.
But I don't know how they think they're going to kill billions unless they cause mass famine.
And that is part of the plan as well.
But that plan, you know, mass famine takes a long time to roll out and the thing is, informed people can still grow some of their own food.
It's actually hard to starve people to death if they live in an area Where they have rainfall and sunlight and water and soil because people can figure out how to grow some basic things and not die from starvation.
I mean, it's easy to starve people to death in desert areas or areas that lack soil, but it's very difficult to starve people to death in most of the USA. I mean, the USA is a food production mecca of sorts.
Which is why China wants to control the USA, by the way.
And now to anybody out there who thinks that, no, they're not that evil, there's no way they would kill millions of people to stay in power.
Oh yeah?
Are you sure?
Because they've already killed half a million Ukrainians in order to stay in power and control the narrative and try to weaken Russia.
And 25,000 Gazans dead.
They've bombed to death by Israel so far, and Israel isn't even apologizing.
They don't even think that's a bad thing.
They think that's a good thing.
And America is still backing Israel.
So if you think that the U.S. government or European government, I mean, the U.K. is backing Israel.
If you think that any of these Western governments wouldn't kill large numbers of people, you're a fool.
Of course they will.
They are.
They're doing it now.
They're just going to ramp it up.
They just want to kill a lot more people.
And the way for them to do that is to instill fear.
And the way to instill fear is to carry out a massive false flag attack like Kim.com is talking about.
It's pretty wild what they're willing to do.
But also, I mean, just to show the contrast, you know, if a giant nuclear bomb goes off in, let's say, Denver...
Carried out by the deep state, then the federal government has, they will grasp a lot more power.
You'll have a centralization of power in Washington, D.C., But if, let's say, if Washington, D.C. itself were to get nuked, obviously not by the deep state, not by the FBI, they wouldn't want to nuke themselves, but if it were nuked by actually Russia or, I don't know, a Middle Eastern terrorist that got their hands on...
You know, nuclear material or something.
If they nuked Washington, D.C., that would obviously decentralize power.
It would probably lead to the breakup of the United States.
And you'd probably have regional nation states asserting their sovereignty because Washington, D.C. would be gone.
It would be a giant crater hole.
And you'd see massive decentralization of power.
So I guess the real question is, Where do the nukes go off or who's setting them and what are their goals?
When the deep state sets them off, they want to concentrate power in Washington, D.C. and take away the rights of the citizens and ultimately lead us into a war where millions of American citizens will die.
Not a happy scenario.
So, of course, preparedness is going to be key through all of this.
I have a feeling...
I've said 2024 is going to be the most difficult year of our lives, and 2025, even more difficult than that.
I have a feeling we're looking at many years of world war.
It could be a decade.
I mean, I hope not.
But I have a feeling that's kind of where this is headed.
And for the next decade...
A lot of people are going to die of starvation.
A lot of people will die from local crime and violence.
A lot of people will die from more vaccine jabs and so on.
But those who survive are by and large going to be those who are preppers.
So double-check your preparedness supplies.
As always, make sure you've got off-grid food, that is stored food, garden seeds, things to grow food with.
Make sure you've got off-grid money, which is gold and silver or goldbacks.
Make sure you've got off-grid communications, satellite phones, ham radios.
Make sure you've got solar panels and solar generators.
All the things that you need to survive.
Make sure you've got ammunition, first aid, You know, some extra iodine.
Can you imagine the run on iodine that's going to happen when the first false flag nuke goes off?
You won't be able to buy iodine for any amount of money.
Last time that happened after Fukushima, some people were on eBay, I think, selling iodine for, what was it, like $600 a vial, where normally that would be like $50 or something in that range.
$600?
Man, talk about price gouging.
But that's how panicked people were, and that wasn't even an accident that happened in the United States or Europe.
So when the first nuke goes off, its supply chain collapses because everything becomes unavailable.
Everybody's going to mass purchase iodine, ammo, guns, AR-15s.
Everybody's going to mass purchase backup supplies and Satellite phones, emergency comms, and probably gold.
Gold will probably skyrocket and silver as well.
And I really like the format of gold, known as goldbacks.
And we've done all the lab testing on those, by the way, to determine that they actually do contain the amount of gold they claim, and we've tested the gold purity.
We have an affiliate site set up for goldbacks.
It's called verifiedgoldbacks.com.
You can go there and see all our lab testing results, and you can purchase goldbacks through that site.
We earn a small percentage on that, which helps support our work.
But getting these goldbacks into your hands is great because they work even when the power grid goes down.
They're highly divisible.
You can have one one-thousandth of an ounce of gold in your hands in this bill, goldback, bill-shaped object that's very durable and very beautiful, by the way.
So it has high utility and high divisibility.
Check that out.
That's a great item to look into.
In terms of other items, just make sure you've got Backup emergency medicine, first aid, you're going to need it.
And don't forget about the chlorine dioxide tablets from safrax.com.
S-A-F-R-A-X.com.
They've got those tablets available, several hundred in a bag.
I think that bag is still roughly around $30.
And it's a great...
Bargain to have chlorine dioxide tablets.
I'm going to interview the founder again of that company, and they've got some pretty cool announcements coming up.
So just get yourself squared away.
And of course, healthrangerstore.com for all your storable backup food supplies.
Certified organic, laboratory tested, ranger buckets are one of the most popular renditions there.
healthrangerstore.com.
And thank you for your support.
Get prepared.
Stay informed.
We'll have a lot more for you at naturalnews.com and also brighteon.com for videos, interviews, and podcasts like this one.
Thank you for listening.
Take care.
All right.
Switching gears here.
Infowars had a story today by Jamie White.
Report.
Michelle Obama preparing to replace Biden for White House run against Trump.
This is a prediction by Roger Stone that Big Mike will become the Democrat presidential nominee.
And it seems like that may be the case.
By the way, we're going to be interviewing Roger Stone coming up here in a little bit and getting his take on this.
But can you imagine if the first...
Trans-gender first lady, first lady?
Question mark?
The first lady, exclamation mark, lady!
Big Mike Michelle Obama is reportedly preparing for a White House run to replace ailing Joe Biden.
So according to the New York Post, Obama has polled donors, and the plan is that around May, Biden will announce he's not running, and then the plot is that by the August convention of Democrats, Michelle gets nominated,
and then Well, and Joe Biden drops out right before that convention, and then Michelle has sent surveys to, quote, heavy-duty donors to probe their reaction to her jumping into the race.
I mean, by the way, what qualifies Michelle Obama to be president, whether he or she is a man or a woman?
Because that's always been a question.
But regardless, what qualifications does Michelle Obama have to be president?
None.
And as Infowars writes, Big Mike in a recent interview said that she's kept awake at night over a possible Trump victory in November.
Quote, I'm terrified about what could happen.
Because our leaders matter.
Yeah, yeah.
Probably should be terrified because your husband, Barack, committed treason against the United States of America.
And if Trump launches investigations into treasonous actors, who knows where that could lead in terms of criminal prosecutions or courts, hearings, grand juries, indictments.
Who knows?
You should be terrified because your husband has done horrible things to this country and has damaged America on purpose and committed acts of outright treason, which is what, of course, Joe Biden is doing as well.
So Roger Stone said that Joe Biden will wrap up enough delegates so that no one else can be nominated.
Then at the last minute, he will announce that for reasons of health, he's going to step aside And then he's going to throw open the convention so they can nominate their candidate of choice.
And, of course, Michelle Obama will, quote, reluctantly submit to a draft.
I was called to represent America.
I think it's a Hail Mary desperate move, and I think it's going to fail.
Can you imagine how many fake ballots they'll have to print up?
To put Michelle Obama into the White House?
I mean, they'll have to run the printing presses 24-7 for weeks in advance, and maybe that's the plan.
Or they just print them in China and fly them in and have them delivered by the U.S. mail, and maybe that's the plan.
But it's becoming a clown show.
It's becoming a total joke.
I mean, haven't we already had enough Obama years?
And Bush years, come to think of it?
I mean, those were some bad years.
The only good years we've had in recent memory were the Trump years.
Now they just want to bring back another Obama.
What?
Eight years of treason wasn't enough.
She's back!
Big Mike!
She should be like President Camacho from Idiocracy, you know?
She should roll in with like a machine gun and scream at everybody, sit the F down!
Sit the F down!
Don't make me make you, you know?
Like a World Wrestling Federation intro.
Ladies and gentlemen, the President of America!
That could be Big Mike right there.
What do you think?
I mean, idiocracy continues to be prophetic.
It's like Mike Judge had a crystal ball.
He was reading the future.
Now, as part of this dark future, by the way, of course, free speech is being outlawed everywhere.
And while a lot of people think that Michelle Obama is a biological man, and so they say Big Mike, you know, is kind of referring to that idea.
Plus, there are a lot of photos of Michelle Obama with a lot of junk.
Just a lot...
A pretty noticeable package, you might say.
More than just carry-on luggage.
That's like, you gotta check this luggage.
You know, that kind of thing.
Just walking around with a tight skirt or something with the full package.
I mean, come on.
But a lot of people think that she's transgender.
But if you say so, in Europe, you may go to prison because...
From Reclaim the Net, EU votes on a resolution to list hate speech as a crime.
The EU Parliament has cast their votes, making so-called hate speech a crime throughout the Union.
The move has garnered substantial attention due to its potential impact on individual liberties.
Let's see.
The EU Parliament remains firm in its stance, asserting that this radical change is a crucial step in combating hate and...
And is plowing ahead.
So if you use the term tranny in the EU, you will go to prison.
Even if the person is a tranny, by the way.
Because for some reason, the term tranny has been flagged as derogatory.
But...
In America, the corporate media can call white people white nationalists, which is a kind of a racial slur, but that's not considered hate speech because any kind of hate towards white people apparently is okay.
But you can't say anything about transgenders that they don't like because transgenders are the most protected class in society.
So in the EU... You're going to go to jail.
If you say tranny or tranny granny, if you say tranny with a fanny, I mean, any variation of that, you're going to go to prison in the EU, and they're going to try to pass that in the United States, no question about it.
But of course, they have this First Amendment thing that they're trying to completely crush at this point.
But if you say...
That you think the government was involved in 9-11.
Oh, it's going to be a crime!
You know, in the EU, they're also going to criminalize so-called conspiracy theories.
And what's that?
Well, it's anything they say it is.
Anything that disagrees with the government.
So if the government rolls out a depopulation bioweapon death jab and tells you to line up and take it because they say it's safe, and if you post something that says, wait a second, it's not safe, they're going to say, well, you're guilty of a conspiracy theory crime.
You're going to jail.
And by the way, vaccines are mandatory in jail, so we're going to jab you anyway.
Yeah, that's what's coming for Europe.
I mean, it's the total collapse of human freedom and human rights all in the name of protecting people from disinformation or misinformation or hate speech.
And isn't it amazing that in Europe you can't say that you don't like one particular group, but if you're a globalist and you say you don't like all humans, like if you're one of these like Harare guys or Soros guys and you're like, we want to kill billions of humans, then like if you're one of these like Harare guys or Soros guys and you're like, That's like pro-climate speech.
I mean, isn't it weird?
It's hate speech if you criticize one group, but if they criticize all humans, that's loving speech, you see.
So I guess the way to be accepted in the EU is to expand your hate to all of humanity, and then that won't be considered hate speech.
That would just be considered god.
Government policy.
So think about how insane this is.
If you say, for example, you want to kill all Muslims, that's hate speech, which it is.
I mean, that's crazy.
Or if you say you want to kill all Jews, oh my God, that's hate speech, because it is.
That's crazy.
Or if you say you want to kill all Christians, oh my God, that's crazy.
If you want to kill all Hindus, that's crazy.
But...
If you want to kill all Buddhists also, oh my God, that's hate speech.
That's crazy.
But if you say that you want to kill all Christians and Jews and Muslims and Hindus and Sikhs and Buddhists and agnostics and atheists, then they're like, yes, that's totally acceptable to just kill everyone.
That's what the globalists want.
That's totally okay with them.
You just can't say you want to kill a particular group.
You just need to want to kill everybody, according to them, because they want to kill everybody.
They don't care what religion you are.
You're on their depopulation agenda no matter who you worship or if you don't worship.
They still want to kill you.
I see where this is going in the EU because the document that they passed, the new hate speech document, says that the definition of what is hate speech is expanded to sexual orientation, gender, gender identity, which is someone's says that the definition of what is hate speech is expanded to sexual orientation, gender, gender identity, which is someone's Gender expression, which is just their behavior.
Sex characteristics, like you got too much junk in your trunk.
Age, disability, and any other fundamental characteristic.
So wait a second.
Are you telling me that a person in the EU, let's say a Brit, can just say, well, I have a new fundamental characteristic.
I self-identify as...
I don't know.
What animal should we choose today?
Self-identify as a transgender armadillo.
Are there such things?
An armadillo?
That's not even funny enough.
How about a wallaby?
I mean, that's a marsupial, not even a mammal.
You can be trans species to a whole different classification of the tree of biology.
So you want to self-identify as a transgender hopping marsupial wallaby, and then if somebody else says you are not a wallaby, that's hate speech.
You're like, someone comes up to you, I'm a hopping marsupial wallaby.
And I'm like, show me your pouch.
Like, I don't have to show you my pouch.
That's hate speech.
You assaulted my fundamental characteristic.
Don't you see?
I'm a hopping wallaby.
I'd be like, you're hopping something.
That's for sure.
You're hopping mad, I think, is what that is.
You're a hopping madaby.
With no pouch.
I'm not impressed.
At least carry a pouch around.
At least pretend to have a pouch.
And you should have a little joey in there too, by the way.
That's a baby wallaby, for those of you who don't know.
A joey.
So have a pouch with a joey.
And then maybe we can talk.
Oh, but I forgot to mention, I'm pretty sure marsupials inside the pouch is where the joey suckles the milk nipples of its mother.
I'm pretty sure it's drinking mother's milk in the pouch, which means your nipples have to be in your pouch.
So if you're going to come up to me and say that you're a hopping wallaby, I want to see your nipples in a pouch.
With a Joey.
That would be convincing.
Everything else, I'm not buying it.
But then again, that would be considered hate speech in the EU. So you're going to see the European Union collapse into a live-acting, insane asylum.
Like, just everybody going...
Monkey-ass crazy, as President Camacho would say.
Monkey-ass crazy all over the EU just pretending to be every imaginable thing, and you can't challenge that, you know?
But maybe, maybe there's a way to, you know, to flip this around on the bureaucrats, on the morons, the woke idiots, because...
Because if they're discriminating against white people in the universities, then if you're a white person applying for university, you can just say you self-identify as a person of color.
And they're like, well, what color?
You're like, all of them.
And you can't challenge it.
That's hate speech.
I'll have you arrested.
I'm a person of multiple colors, you could say, right?
The whole rainbow just show up with like a rainbow tattooed on your forehead, you know?
Oh, okay, you get in.
You're accepted into the college.
We can't discriminate against you.
And so everybody's going to have to play this silly little virtue signaling game in order to keep their job or get promoted or get an education or, you know, get a bank loan or whatever.
And the United Kingdom, which is already an insane asylum of incredibly corrupt, idiotic leaders and mostly gullible, brainwashed followers who, for some reason, love to be ordered around all the time.
That's the oblivious masses of the UK.
And believe me, we have plenty of them in America, too.
But you're going to see all that devolve into like Animal Farm.
I mean, everybody's running around pretending to be animals.
Furries, I'm sure, will be part of this.
I always joke about furries, because first time I heard about furries, I thought it was a joke, and it's not.
People dress up like furry animals and do weird, perverted sex things to each other.
Can you...
I mean, that's probably going to be like Parliament now, you know?
You know, one day future historians are going to look back at this moment in time and they're going to say, you know, on the display board of absolute proof that the society of the 2020s lost its freaking mind, we present furries!
And all the future people will go, oh my god, they dressed up like animals and pumped each other?
What?
Yes, they did.
And some of them shoved their tits in a pouch and pretended to be wallabies.
Okay, sorry about the slight profanity there, but sometimes it's quite deserving.
But hey, there are other examples of insanity.
From the post-millennial here, Washington State moves to ban natural gas in an effort to stop climate change.
Okay, so...
It would ban any new homes or businesses from being able to connect to natural gas.
I mean, what?
What?
First of all, natural gas is one of the cleanest hydrocarbons on the planet.
It's incredibly clean.
It provides economic abundance to America because we have a lot of natural gas.
It's relatively safe to transport and use.
It doesn't require us to fight wars in the Middle East to get more natural gas.
I mean, natural gas is a great energy source.
But according to radical, woke, idiot leftists, it's bad because it's a hydrocarbon and it releases carbon dioxide when you combust it.
But that's a good thing.
We need more carbon dioxide.
The plants are starving for it.
Carbon dioxide makes Earth more green.
It helps rainforests grow.
It helps food crops grow.
But here we go.
In Washington state, here's the news.
Democrats in the Washington legislature move forward on legislation that would effectively ban natural gas from newly built property in the state.
It's called House Bill 1589.
Which failed last year, but it passed in a revised version this year.
And they're trying to reduce energy consumption in new construction by 70%.
Well, do they not realize that people are still going to have to use electricity if they're not using natural gas?
And, you know, one of the great advantages of natural gas is that it works when the power grid is down.
Like, if you have a gas stove, you could still heat water, you know, and have a meal in the middle of a storm or a power outage or something like that.
But people are just going to use electricity.
If they can't have gas, they'll have electric stoves, electric hot water heaters, and so on.
Well, where does the electricity come from?
Natural gas power plants, among other sources.
Yeah, some wind and some solar, but natural gas and coal.
And maybe some nuclear, I don't know how much nuclear is in the mix in Washington State.
I don't think much anymore, if any.
They've shut them all down, so they've got to get the power from somewhere, especially with people driving all these electric vehicles around.
They have to charge the EVs, but you understand what this is, right?
This is getting everybody on kilowatts that can be monitored and controlled with smart meters.
To be able to turn you off.
Oh, you used too much electricity.
You've exceeded your carbon footprint.
You know, wait a minute, I thought you said that this was clean electricity.
I thought you said it was going to be solar and wind.
Well, but you've used too much anyway.
That's what it's all about.
It's about surveillance and control.
Just like everything else.
It's about taking away the infrastructure that allows you to cook a meal.
Or boil a pot of water.
Or have a hot shower.
I mean, come on.
That's what this is about.
This is about shutting down civilization and then saying that it has to happen because of climate bullcrap.
And no one's buying it anymore.
I mean, now governments, especially Washington State, they're also building concentration camps for the next pandemic, by the way, and fully staffing those.
But governments of America and of Western nations are Are increasingly seen as terrorists.
The governments are trying to kill you.
They're trying to shut down the energy infrastructure.
They're trying to sabotage the food supply chain.
They're trying to destroy the currency.
They're trying to impoverish everybody and ultimately make everybody homeless.
And in the United States, they're trying to replace you.
To have you killed and you replaced by illegal migrants.
And the same thing's happening in the UK and Germany and Italy and other European countries as well.
It's a mad replacement rush to kill off the locals, the real Italians, the real Germans, the real French, to kill them off and replace them with migrants.
This is universally happening across Western nations because it's a suicide cult.
It's a suicide cult.
Unbelievable.
And, you know, by the way, guess who else is now cracking down on so-called hate speech?
Yeah, your favorite tech leader, Elon Musk.
Elon Musk, so you know he took a tour...
With Ben Shapiro, who is an ethno-supremacist who believes that Zionists have special God-granted powers over all other human beings on Earth, and that Zionists have the right to mass murder anybody else they want, especially if they want to take your land.
That's what Ben Shapiro believes.
And he gives a tour to Elon Musk of the Holocaust Museum.
And then Elon Musk gives the order...
To his woke-tard globalist executive, Linda Iaccarino, to say, hey, crack down on all speech critical of Israel.
And that's exactly what's happening.
So anybody on X who's critical of Israel is now seeing their reach just getting clobbered.
That's what's happening because Elon Musk says he self-identifies as a Jew.
Yeah, I mean, talk about self-identification.
I mean, he puts on the little hat.
What's it called?
Is it the yarmulke?
Is that it?
He puts on the little hat.
He waltzes around and says that he's Jew-ish.
Not that he's Jewish, but he's Jew-ish, like kind of Jew-like.
And...
And then he says, you know, we're going to crack down on all anti-Israel speech.
So censored men, that's a channel on Twitter that's being censored, put this together.
He says, hey, Elon Musk has, quote, gone to Israel, gone to Auschwitz, said he's aspirationally Jewish, said he's Jew-ish.
He thanked the ADL for supporting advertisement on X.
He wore a kippah.
I guess that's the name for the hat.
Is that right?
Is that what that is?
The kippah?
He wore a dog tag since leaving Israel.
I don't know what that's all about.
Maybe he self-identifies as a dog at this point.
And now X's CEO outlines anti-Semitism when it comes to combating hate speech.
Clearly there's a group of people who take priority at X. Pro-Palestinian accounts, he writes, have been getting their reach throttled.
Pro-Palestinian accounts have been getting banned.
While multiple complaints about Zionist accounts calling for genocide have been ignored.
So, If you're Jew-ish, you can call for genocide on X. No problem.
If you say you want to slaughter all Muslims, if you want to mass murder Arabs, if you want to destroy all Gazans and Palestinians and you want to bomb women and children in Gaza, no problem.
Elon Musk and Linda here at X, they have no problem with that.
Full throttle, full speed ahead, go for it.
Just flush your hate speech all over X, because as long as you're Jew-ish, that's totally okay.
But if you say anything critical of Israel, or Zionism, or Zion-Nazis, or the IDF, then, oh my god, that's anti-Semitic!
You're banned!
So this is the problem, again, with having one man, in this case Elon Musk, whether you like him or hate him, whether you agree or disagree, having one man control a platform and decide what kind of speech is favored versus what kind of speech is banned, or which groups are protected versus which groups you can openly call for murdering and slaughtering.
This structure is wrong.
It's wrong.
And that's why we continue to move towards decentralized platforms and to promote decentralized platforms where censorship is impossible.
And the best example of that is Bastion.
B-A-S-T-Y-O-N. And you should download that app.
Bastion.com.
Download the app.
Run it.
And then you can follow my account, if you wish, at HealthRanger.com.
That's my username there, HealthRanger.
Or you can create your own account or you can follow other people's accounts.
Get on Bastion.com.
Did you know that even the creators of Bastion cannot censor any accounts on Bastion?
They can't censor any types of speech.
And that's the way it should be.
Because whether you like or hate Elon Musk, this power to control the public square should never be in the hands of one person or one board of directors or one corporation or even one government.
And this Linda Yaccarino, she says, quote, it's our duty to combat hate speech.
Except she never defines it, right?
It's just whatever they want it to be.
And she says, the future of democracy and the global economy depends on it.
Like, the world will end if they don't silence people from criticizing Israel.
You know?
I mean, give me a break.
Elon Musk, you're looking like a total clown at this point.
And X is looking like a clown show platform.
More and more people are going to move off of X. People are going to move to bastion.com, telegram, gab.com.
Of course, Brighteon.social, TruthSocial, a bunch of other platforms.
Now, granted, by the way, Brighteon.social is still centralized.
It's centrally hosted.
You know, the structure is a centrally hosted server system.
But we support freedom of speech.
You can criticize whatever group you want as long as you don't call for killing them.
We do have to censor that.
But ultimately our goal is to have a completely decentralized version of Bright Town Social where we don't even host it and we don't run it.
We don't control it.
Everybody can engage in speech on it in whatever way they wish.
And some of that speech is going to be, quote, offensive to other people.
And that's just the nature of freedom of speech.
Whereas X and Linda Yaccarino and apparently now Elon Musk, they want to define what is allowable speech while completely ignoring actual hate speech that's hatred against Christians, hatred against white people, hatred against America, hatred against humanity.
All that's okay on X. And all that's, by the way, also okay on YouTube and Google and Facebook and all these other sites.
That claim to ban hate speech.
They don't ban hate speech.
What they do is they promote globalist control over speech and the setting of the Overton window.
You know, I hate to remind Linda Yaccarino and Elon Musk, but Jews aren't the only victims in our world, folks.
There's a whole lot of victims right now in jail in Washington, D.C. from January 6th, by the way.
There's 25,000 dead Palestinians that Israel bombed to death on purpose.
What about those people?
There's a whole lot of victims of communism, of the Cultural Revolution in China, of Stalinism, of Nazism, and now Zio-Nazism.
I mean, there's all kinds of victims.
But X only protects one particular group, one tribe.
It's the tribe that wears the little hats.
That's the only ones they protect.
Everybody else...
Ah, it's open field on those people.
And Jake Shields asks the question, why is racism against one group more important than all others?
Information Liberation asks or comments, the double standards are so transparent you can't help but laugh.
Yeah, it's pretty sickening.
A user on X, Kay Jackson, asks, why is the focus on anti-Semitism?
Why not anti-whiteism or anti-Asianism or anti-blackism?
Yeah, exactly.
And there's another channel there, Defund Israel Now, that says, no mention of Islamophobia or any other form of hate.
Yeah, exactly.
Another person asked, why isn't anti-Muslim speech, much of it coming from Jewish Zionist-funded accounts, given any attention?
This is more racism from big tech.
Yeah, yeah, because X is pro-Jewish, and X is anti-human rights and civil rights and anti-reason and anti-free speech, and that's just the way it's going to be.
So...
Stop promoting X. Stop promoting Elon Musk.
I mean, it's clear he's thrown his little hat in the ring with the Zion Nazis at this point, and no criticism of Israel's slaughter or genocide is going to be tolerated on X. I mean,
that alone is a reason to stop using X. Now, yes, I'm still using it in a limited way, but increasingly I'm using it to draw people's attention to podcasts like this that encourage people to move off of X. So, you know, eventually Elon Musk will ban me again from X. It's inevitable because actual freedom of speech cannot be tolerated on X. It really is that simple.
I mean, X is a joke and Elon Musk is a clown and he's just proved it.
Switching gears here, there was a really interesting article I saw today by Goldfix, and it said the intrinsic value of Bitcoin and gold finally explained.
And it refers to a report that's been issued by Goldfix that talks about why Bitcoin and gold have value.
And it says...
Number one, the intrinsic value of Bitcoin is that it cannot be confiscated.
And I think that's really insightful.
And I would kind of add to that, that it cannot be counterfeited.
In fact, I think that's more important.
Part of the intrinsic value of gold is that it cannot be counterfeited.
Now, gold has other properties, of course.
You know, durability, its physical beauty, its utility, its rarity or scarcity, many other properties.
It even conducts electricity, right?
But it's chemically mostly inert, you know?
Fascinating metal.
But gold can't be just faked.
You can't just synthesize gold because it's an atomic element.
And as a result, governments can't print gold.
And that's one of the main reasons why gold has value, because governments can't print it.
Because anything that governments can print, they will print.
They can print dollars, they can print euros, they will print yen, and that's why all those currencies will go to zero, zero, zero.
Because if they can print them, they will keep on printing until there's nothing left.
That's where we're headed rather quickly.
But gold and Bitcoin cannot be printed or counterfeited by governments.
So yeah, that means that there is this intrinsic value in it when it's recognized by people.
Now, of course, Bitcoin is not a real physical thing.
It's a mathematical thing.
And so gold has physical value in your hands.
You can hold it.
You can touch it.
You can store it.
You can stack it.
You can roll it around or whatever you want to do.
Although you can't do those things, you can store it digitally.
You can transfer it.
You can send it.
You can receive it.
It's good for remote transactions.
It's good to carry with you.
And I would argue, by the way, that Monero or privacy crypto is even better because it's private.
People can't snoop on how much you have or what you're doing with it.
And I just interviewed Ruben from Firo for another episode of Decentralized TV. And I think Firo is technically right now probably the most advanced privacy crypto in existence in terms of its technical achievements.
It's not the largest private crypto.
Monero is that.
But Firo has done some really amazing technical things.
So, you know, Firo also can't be confiscated by governments, nor can Monero or other cryptos.
So non-confiscability is a really important thing, and non-counterfeiting is also a really important thing.
Now, this report says that gold's value also comes from its non-confiscability.
And, I mean, that's the beginning of the story, but...
This report seems to imply that that's the only thing that gives gold value, and that is not the case.
Gold has other properties.
Like I said, gold has utility.
Gold has natural beauty that Bitcoin doesn't have.
You can't look at the blockchain and go, wow, that's beautiful, and just naturally want it around you.
But gold has that effect.
Gold has something that people want.
Gold has a kind of beauty.
I've seen this with the goldbacks that I give away to people.
People go nuts over goldbacks.
I mean, they love the way they look.
They're like, oh my god, this is so special.
They want to frame it.
They want to keep it.
They want to hold on to it.
And they want to have more goldbacks.
Because goldbacks have real physical gold in them.
Check out my affiliate site, by the way, quick plug, verifiedgoldbacks.com if you want to learn about goldbacks and all the lab tests that we have run on goldbacks.
But gold has this amazing physical attraction that Bitcoin doesn't have.
And the attraction to gold is even greater than the attraction to silver.
Silver looks pretty awesome, but gold looks amazing.
Gold is gorgeous.
Silver is nice, but gold is sexy.
Gold is like a whole other level of amazing.
So, Bitcoin and gold are not interchangeable.
They both have different use cases.
Gold is great for local transactions, for storing large amounts of value in a way that's immune to grid failures or internet failures or kill switch or whatever.
And that's physical gold in your hand or goldbacks or physical silver in your hands.
Whereas private crypto is good for those remote transactions, long-distance transactions, carrying it with you in a password in your head.
If you're a refugee, you know, fleeing somewhere, as a bunch of people have done from Israel.
You know, there's over two and a half million people have fled Israel since the war began.
You know that?
And some of them probably fled with a Bitcoin wallet.
Or a Monero wallet or something like that.
I mean, these digital wallets are really great if you have to flee and then relocate and set up at your destination.
You know, it's hard to carry a bunch of gold with you.
It's easy to carry a bunch of crypto with you because it's just in your head.
It's protected by your password or your seed phrase.
So Bitcoin and gold are not interchangeable.
And I've always taken issue with people that say, well, Bitcoin is digital gold.
I said, no it isn't.
That's a contradiction.
Digital gold is an oxymoron, like military intelligence or jumbo shrimp.
Digital gold doesn't make any sense because the thing that makes gold have value is that it's physical and real and elemental and gorgeous and touchable.
It's in your hands.
Something that's digital is the opposite of that.
It's ephemeral.
It exists in an abstract way.
It's an idea.
It's a mathematical projection.
You know, that's Bitcoin.
Now, again, it has its own intrinsic value, but it's not the same as gold, and it doesn't fit in the same place in the portfolio of financial preparedness.
So, if people think that Bitcoin can replace gold, I think they're wrong.
Personally, I have both.
I have a certain amount of gold, and then more recently, goldbacks.
And then I have crypto, but not Bitcoin, because it's not private.
I prefer things like, you know, Monero or Firo or other privacy coins.
And you can see our episodes at decentralized.tv if you want to find out about all the interviews we've done or watch them with other projects of decentralized technologies.
But I think it's wise to have preparedness that covers the basis.
So you've got some physical stuff that works when the grid goes down, and then you've also got some stuff that you can take with you that's very portable that is digital.
And that's why I think it's good to have both privacy crypto and real physical gold in your possession in some form.
And that's why I got so excited about goldbacks, by the way.
Because they're shaped like little notes, but they have real physical gold embedded in them.
And at first, I didn't even believe that they had the right amount of gold in it.
So, you know, I bought a kiln and I melted them down.
You've heard me tell the story.
And I extracted the gold into a little, like, BB. And then I measured the gold and I did a lab analysis.
I'm like, oh my gosh, this thing has over 100% recovery and it's better than 24 karat gold.
And that's when I became an affiliate for Goldbacks.
I was like, everybody else needs to know about these things.
Because this is real physical gold in a really divisible, high-utility format.
The website, again, is verifiedgoldbacks.com.
That's an affiliate site.
It does pay us a little bit of a commission.
It doesn't cost you anything extra.
We do earn a little something if you purchase there.
And that helps fund our operations.
So check that out.
But the interview coming up today with Taylor McCracken from Coin Bureau covers many of these issues.
And Taylor's a very bright person.
So we get to talk about Bitcoin and ETFs and also talking about other privacy coins.
And I think we covered some gold and precious metals as well.
A little bit about the stock market, the banking system, bail-ins, and self-custody.
So that's why I wanted to run this interview for you today, because we cover some really, really critical information that you need to know, just a basic skill set of financial survival as we are living in an era when people's money is going to vanish.
Because most people have their money just stored in dollars.
And dollars are going to vanish.
And if you heard the interview yesterday with David Webb, you know the great taking is also being planned.
Whatever you think you own that's in the stock market or in the pension funds or in the hedge fund or mutual fund or whatever, they're just going to take it.
They're going to say, oh, it's ours now.
And that's it.
That day is coming.
It has been planned.
So, gold and privacy crypto are both amazing defenses against that.
Because they can't take it from you if they don't know you have it.
Or even if they can't physically take it from you.
They can't electronically take it from you if it's not in an account somewhere.
So if you hold, let's say, Bitcoin, don't hold it on an online exchange.
You should hold it in your own wallet.
Self-custody.
They can't take it from you.
It's non-confiscatable.
Same thing with gold.
Yeah, they might know that you purchased some gold because maybe there's a credit card transaction, but they don't know what happened after that, and they can't take it from you.
Yeah, they can look at your credit card and say, oh, okay, you bought $1,000 worth of gold.
And then what?
What are they going to do?
Come to your house?
I mean, they're going to have teams running across America?
Like, give us your gold, you know, at gunpoint, really?
You realize how much effort that would be?
And that they could never find enough workers in America to actually show up and do that job?
Because of the obvious risks of doing that job?
I mean, come on.
The life expectancy of someone doing that job would be about three days, you know?
In certain parts of the country.
Anyway, but if you have custody, then you have control and then you have safety over it.
If you don't have custody, kiss it.
Bye-bye.
You know, it's going to vanish coming up as this great reset, this great collapse is engineered and rolled out, you know, right on cue before the 2024 election.
So keep all that in mind.
And don't forget to support us at healthrangerstore.com also, because food can be a great barter item.
And we have really amazing, storable, long-term food, freeze-dried, certified organic, lab-tested fruits and vegetables, and we've got the Ranger Buckets.
Which are food kits, packs for long-term storage in rugged containers, vacuum packed with nitrogen displacement of the atmosphere inside that, and then vacuumed and formed and pressed in really tough bags.
I mean, you have to see it.
This is a very rugged format for storable food.
So check that out, healthrangerstore.com.
Now, enjoy the upcoming interview here with Tyler McCracken from CoinBureau.com, who are, I think, the best source for crypto news, sort of like unbiased, non-shilling news.
Crypto news on a day-to-day basis with a lot of how-to information for newbies also.
If you're new to all this and you want to know how do you learn from scratch, Coin Bureau is actually a great place to start.
So check it out.
Enjoy the interview.
And I'll be back with you tomorrow.
Take care.
Welcome to today's episode of Decentralized TV here on Brightiana.com, the uncensored video platform.
I'm Mike Adams and I'm joined today as always by my co-host Todd Pitner.
Welcome, Todd.
Great to have you on the show with me.
Greetings, greetings, greetings.
Missed you again.
You know, it's been a long week.
Yeah, I know.
I know.
And we always have such fun.
And I really want to thank you for your idea of us having like a little funny intro at the beginning of every show.
We're doing that now for every show.
We have to do something to put to good use our after parties because the content is just too good.
And maybe some people don't hang in there through it all.
And that might entice them.
And I think overall, you know, we just have fun doing this because this is a fun topic to talk about, you know, cryptocurrency or decentralized technology and empowering people with solutions.
And I got to say, our guest today is someone who teaches people how to do that every single day.
He's one of the top writers at CoinBureau.com.
His name is Taylor McCracken, and he joins us today for a detailed interview about finance and crypto.
Welcome, Taylor.
Hey, thanks, guys.
Thanks, Todd and Mike, for inviting me on the show.
Yeah, looking forward to being here.
It's always a fun topic to talk about, like you guys intro'd.
Absolutely it is.
And I gotta say, Todd and I are both big fans of Coin Bureau, so you're with a really great group there covering this topic.
Yeah, I mean, I love the Coin Bureau.
You know, I've been there for just about four years now, and I was a fan of the channel before I started working there.
And I've had the pleasure of starting off as a writer and researcher, and now I'm the editor-in-chief over at CoinBureau.com.
That's amazing.
For anybody who's not familiar, we do have the biggest YouTube channel where we talk about crypto and blockchain technology.
I think kind of what sets us apart from our competitors and most of their channels is we actually take a very shill-free approach.
So we're more focused on education and information, right?
So that's kind of where we placed our stake in the ground.
That's great.
Shill-free content.
That should be a label.
Right there.
I like that.
You're right.
It should be mandatory.
Yeah, well, absolutely.
Now, and I want to mention the elephant in the room, which is actually the two elephants in the room, which is us two older guys.
Okay?
So we are older than the typical crypto person right now.
But in our defense and in our audience's defense, more and more people of every age are getting turned on to the benefits of self-custody and sometimes privacy coins, if that's their choice.
But just, they're not trusting the traditional banking system anymore.
Are you seeing that in your coverage over at Coin Bureau as well?
Without a doubt.
I mean, there's been clear trends, and you can find this in Google Trends.
We can find it in our YouTube viewers, subscribers, website hits, that over time, it's been quite the exponential curve up and to the right for people who are looking into companies.
You know, you mentioned the age thing.
And one of my favorite memories about educating people in Bitcoin was actually my girlfriend's grandfather, 86 years old, and sits me down one day and he's like, tell me about this Bitcoin thing.
And it was a pretty cool moment in my career where I actually helped her grandfather buy his first, well, not in full Bitcoin, but, you know, chucked $100 in there.
And what was interesting is he was actually just so enthralled by the technology.
And just what it means, right?
Just kind of as a hedge against centralization.
And throughout his time, being in his late 80s, he's seen a lot of history go down, a lot of bank failures, a lot of economic turmoil.
And so as soon as I kind of explained it to him, you know, in very non-technical terms, he just got it within five minutes.
He was orange-pilled, you know?
So yeah, definitely.
It's a trend that's growing.
And as of today, we had the Bitcoin ETF, so I don't think it could be stopped.
It's now about as mainstream as it gets.
I want to talk about that for sure.
I think that's the big breaking news for us here.
But Todd, you want to jump in?
Is there anything Yeah, I'd love to just share something that I shared with you yesterday, Mike.
You mentioned that you had a guy, you know, your grandfather's in his 80s and his get it factor.
I have a website called decentralizeddirectory.com and I do some consulting for some people and this gentleman reached out to me and he booked an hour with me and he He's an 84-year-old wonderful man, just has a great sense of humor.
And he was sharing with me, he goes, you know, I need some help.
I'm a techno.
I think he used the word idiot.
I can't quite remember, but he was not technically savvy.
And he said, but you know...
I was listening to you and Mike, and it just kind of reminded me that I got involved in crypto or something back in 2016, and I went to my Coinbase.
I remembered it was Coinbase, and I looked in my little book, and I had some login credentials, and I got in there, and I invested $300 in Bitcoin...
It was a Bitcoin club or Bitcoin network club.
That's what it was.
It is now defunct because when he first told me that I did a little research and it was like a Ponzi scam thing and it was defunct.
So I told him, look, you know what we need to do because he logged in and Taylor He had 2.17 BTC and he had a lot of basically $125,000 worth of crypto.
So I got him on and he and thank...
The Lord, that his wife was technically savvy to do a copy and paste.
I love him, but he couldn't figure that out, how to copy and paste a received Bitcoin address.
So I sent him my received Bitcoin address, and we just did a really, really tiny transaction.
I thought you were going to say you emptied his wallet to your wallet.
Yes!
Disclosure here, it's why we love Bitcoin and cryptos.
You can send tiny amounts.
But anyway, it went through and I said, congratulations, you have $125,000 worth of crypto assets.
Now we need to help you figure out how to get it into your own custody.
But that was just a great, great feel-good moment for me.
It was so cool.
Wow.
That's amazing.
Really powerful.
And I'm sure you see that all the time, Taylor, with, again, people of all ages gaining knowledge and competency in this.
And let's talk about the ETF now, because this is going to open up Bitcoin to a lot of institutional investors who don't actually have to have the technical knowledge of wallets and self-custody, even though we always advise self-custody.
For some people, maybe they don't want to do that.
What's the significance of this in your view?
Yeah, so you definitely brought up a good point.
I think a lot of us who have been around the crypto space for a while actually forget how alien and unfamiliar the process of self-custody is.
You know, thinking back to the first time I set up a crypto wallet or any of us, it's a strange process and it's something that doesn't exist in Web2.
The whole process of writing down recovery phrases and for anybody who's used MetaMask, I mean, it's weird to have that little fox pop up on your screen asking you to verify transactions.
So I've often said it's going to come down to use cases and not technology that's going to drive crypto adoption.
And the average person on the street has no interest in having to take self-custody of their funds, learning how hardware wallets work, software wallets, you name it.
And I think there is...
You know, I'm with you guys.
I do always recommend self-custody for those who are able, but at the end of the day, not everybody's capable or even willing or wanting to do it.
And of course, I'm talking about people who are just not tech savvy or even people who travel a lot.
I mean, with this growing digital nomad movement and remote work and stuff, if you're on the road all the time living out of a backpack, it might not be the best idea to be carrying around your crypto wallets with you.
We've seen Quite an increase in what we call $5 wrench attacks as well, where people are being physically threatened for the crypto that they hold on the wallets on their phone.
So I do think with these ETFs, it's going to open up just a wider array of people who are able to invest in something familiar, right?
Everybody knows what ETFs are.
Most people have them in their investment portfolios already.
So it's just another click of a button in their favorite brokerage site, right?
Well, I guess just breaking down the barriers of entry that do exist with self-custody.
Taylor, I agree with everything you just said.
I want to ask you a question about this, the whole ETF ecosystem that's being opened up right now.
It seems to me that a lot of people are then just going to enter as speculators, but not users of the coin.
This is a big issue that we talk about on the show.
We want to use crypto in day-to-day transactions.
We want more merchants to take the coins.
We want to have utility.
Because at the end of the day, if everybody's just speculating, then it's kind of a Ponzi situation.
If nobody's using it and everybody's buying it, it's like tulip bulbs, right?
And we don't want that because the technology is so useful when people use it.
So do you think that this ETF is just going to – is it a positive thing and that more people get involved?
Or is there a negative side that it's going to create a bubble of people who just want to jump in but don't know what to do with it?
You're definitely right.
I've always taken a viewpoint kind of a bit tongue-in-cheek that Bitcoin's followers are quite bipolar because you've got two very different camps of people.
And one of the beautiful things about Bitcoin is it is what you want it to be.
Some people, they feel it's a store of value.
They're going to buy it and hold it forever.
Other people, they want to use it as a peer-to-peer payment method, right?
So they want to use it for payments.
And some people hold it just as, I said, investments.
So the people who are going to be jumping into the CTF, you're right, they're not going to be using Bitcoin for its true intended purposes.
They're just going to be holding it and hoping it appreciates in value.
So I think for the true Bitcoin cypherpunk community, the people who originally started it, this CTF was probably the worst event in Bitcoin's history, right?
Because this is basically the antithesis of why Bitcoin was created in the first place.
So Bitcoin was basically created as an alternative financial system, right?
And now that Wall Street has adopted it, it's just basically become another tool for Wall Street investment firms.
So in that sense, I do agree that it certainly goes against the true ethos of crypto.
But at the same time, anybody who holds Bitcoin as an investable asset, this is Quite a large net positive for them.
But yeah, so there's kind of two different ways of looking at Bitcoin, right?
Is it this peer-to-peer ethos for the reason it was created or is it just a big get-rich-quick investable asset now?
Well, and my concern, and I'm sorry, Todd, if you'll allow me to jump in, I'll turn it back over to you after this, but my concern is that this increases centralization because you'll have bigger whales, which will be those who run the ETFs, right?
And that they can move markets with their size and power in ways that are not accessible to the small, distributed, local self-custody holder.
And, you know, the whole point of decentralization is to put power back into the hands of the people.
You know, that's the cypherpunk movement part of it, at least in a nutshell right there.
So is this a concern that you've covered as well?
I mean, big time.
This is about as centralized as it can get, right?
And I've also often had concerns as well about how centralized Bitcoin has become.
So it does face a lot of criticism from mining.
Obviously, Bitcoin mining has become greatly centralized.
And then you get major players.
Like Michael Saylor, who now holds so much Bitcoin.
And a lot of people think that Bitcoin is going to be this asset that's going to hit a million dollars in value someday.
And if that happens, then a single holder like Michael Saylor and his company MicroStrategy, they're going to have more money than basically entire nation states around the world, right?
Exactly.
So it's become hugely centralized.
And this problem is being exacerbated with this ETF because, yeah, now we've got the vanguards, the Fidelities and the Black Rocks.
They're going to be holding the majority of the Bitcoin supply.
So I do think this really reduces Bitcoin's viability as a decentralized payment network.
I think it's probably crushed the cypherpunk movement.
And I think it's really going to steer Bitcoin's narrative further towards just an investable asset and a store of value.
I don't know if we're ever going to see a time now where it's going to become a viable payment method.
I mean, we've got things like the Lightning Network that are pushing for that viability.
To that end, for sure.
But yeah, I mean, this has certainly thrown a curveball in why Bitcoin was developed in the first place.
Wow.
Well, Todd, you want to jump in?
I'm really happy I have Monero at this point because I need a coin that I can use.
Yeah, I think put a fork in BTC for the purposes that we all love and know crypto and I believe that this is going to really pave the path for other crypto assets, specifically the privacy coins.
And I know, Taylor, that you're a big fan of privacy coins.
And specifically, you wrote an article on Mimblewimble.
Can you share with our audience a little bit about Mimblewimble and why you like it?
Absolutely.
So I'm going to be honest with you, Todd.
That was about probably two years ago now I wrote that article, so I should have refreshed myself on it.
But I mean, what originally attracted me to Mimblewimble was certainly the privacy-preserving features.
So it caught my attention when it was bolted on to the Litecoin network.
and I've always been a fan of Litecoin to be honest and I kind of get made fun of a bit for that within the crypto community because a lot of people, Litecoin is seen as a bit of a joke or like a test net to Bitcoin.
But back in 2019 and 2018, I really enjoyed Litecoin as a peer-to-peer payment method.
So I always held Bitcoin as gold and I was like, well, I'm not going to spend Bitcoin because it's too valuable, but I'll spend Litecoin.
So for me, Litecoin was my cash.
And then when Mimblewimble rolled out, I was like, well, fantastic.
I mean, if you can create a more privacy-preserving aspect into what should be a peer-to-peer payment method, then I'm like, I'm all for that.
Because the viability of using cryptocurrency for payments, if it's not private, is a bit of a moot point, right?
Like, if you go to the bar and order a milkshake, you don't want the bartender knowing exactly how much you have in your bank account, right?
And that's the problem with Bitcoin is, Todd, if I send you Bitcoin, you can look up my Bitcoin wallet address, you can see how much I've got.
Yeah.
So financial privacy, as you guys well know, is a fundamental aspect of societies, I believe, which is why there are these concerns about going towards a cash to society and things like that.
But yeah, so I love the technology behind Mimblewimble and what it was actually creating.
And I know that there was some speculation in the early days about, will Bitcoin adopt Mimblewimble?
It's highly unlikely I can't see it happening.
No.
And Nimblewimble hasn't gained the traction that I wished it would.
And I think the reason for that is because in crypto, we have such a bad habit of what I call shiny syndrome, right?
And people don't care, you know, about what was released a year ago or two years ago.
And it doesn't really matter how innovative or advanced it is.
People are going to be chasing the next Solana or the next Bonk coin or, you know, whatever the new kid on the block is.
Well, Taylor, thank you for that answer.
And in my opinion, but I like your response to this, and from what Todd said, I think that this ETF approval of Bitcoin really does actually increase the divide now between mainstream Bitcoin.
Bitcoin versus the parallel ecosystem of privacy crypto coins.
I think that chasm is wider now.
Now, both of them have their use cases, as you've alluded to.
But for full disclosure, on this show, we have covered, we've interviewed people from Xano, Epic Cash with MembleWimble, Beam, which also uses MembleWimble, Firo, that's Rubin, and then also, of course, Monero.
I think those are all the privacy coins that we've covered.
Particle.
Oh, and Particle, too.
Yes, thank you.
And we have found that there's a lot more innovation in the privacy crypto space, whereas in our view, at least, I mean, we might get hell from the Bitcoin community for this, but Bitcoin is really stagnant as a technology.
I mean, it's not stagnant in terms of its acceptance, but as tech, it's like somebody hit the freeze button 12 years ago or something, whereas privacy coins, you've got full membership proofs being looked at for Monero and things like that.
A lot of innovation, even Epic Cash is working on some kind of offline transaction capability with a variant of MimbleWimble.
I mean, this is where the innovation is happening.
Do you see that, or what are your comments on that, Taylor?
I do see that to a degree.
I do agree that innovation seems to have stagnated on Bitcoin.
I mean, there are some really interesting projects like Stacks that's building on Bitcoin.
And I am hopeful that there are some shining glimmers of light from builders who are wanting to build on Bitcoin blockchain.
But the fact of the matter is Bitcoin is now ancient technology in terms of cryptography, right?
I mean, it's There are new, faster, meaner, leaner technologies out there.
And I have been impressed with Monero's innovation, for one.
I mean, some of the things that they've created.
You know, Monero is pretty old school as well.
They've been around for ages.
So the fact that they were able to develop what they did that long ago, I always find very impressive.
But I do think as far as building an innovation is, yes, they are happening.
But most of the interest now from what I'm seeing is actually off of proof of work networks and everything's kind of moved on to the proof of stake.
And then we see a lot of innovations with like ZK Snarks and what a lot of these layer twos are doing on Ethereum.
And I think ZK Snark is really quite an interesting technology as well.
Because it's, you know, building on Ethereum.
And I'm not super technical, but I did just have the pleasure of meeting with the StarkNet team and learning a bit about what StarkNet's doing.
And I really tip my hat off to them as well because I think Ethereum has gone down a dangerous road of centralization and basically it's going to become like an institutional coin.
A lot of people are saying an institutional network, pardon me.
So I do like to see projects like StarkNet and ZK Sync that are kind of trying to bring some of the privacy and anonymity features back into the Ethereum network.
And then, of course, more often than that as well, it's not just about the privacy aspects of it and making transactions private, but we're going to have a huge uphill battle, and I'm sure you guys can appreciate this, with on-chain identities and how we can protect our identities and take control over basically our decentralized online entities, right?
And I don't think that This is something that would be possible without the advent of ZK technology in general.
Just for our audience, I just want to mention ZK means zero knowledge.
Yes.
So that's where you have anonymity.
It's a mathematical proof approach that can prove that someone holds something or initiated a transaction without revealing their identity.
Is that a good way to put it?
Absolutely.
Yeah, so basically what it's going to allow people to do is use the Ethereum network or whatever network without basically putting all their cards out on the table, right?
Like we touched on how Bitcoin is...
Fairly transparent, making it not suitable for like a payment method.
But with the advent of blockchain technology, we're dealing with a lot more than just payment systems here, right?
So I think zero-knowledge technology is going to be fundamental to the adoption of blockchain networks.
And so it is just interesting to see how payment networks like Monero are handling those issues differently than projects like StarkNet and ZK Sync and what have you.
Yeah, well, absolutely.
But what about the size of the blockchains themselves?
Because now with ETFs opening up with Bitcoin, you're likely to see, of course, a lot more transactions taking place.
Now, I understand all the arguments.
Computing storage space is orders of magnitude cheaper than it was 10 years ago and so on.
And same thing with RAM and Internet speeds are faster.
But at some point...
The blockchain itself, at least like the original BTC blockchain, it becomes a monster in terms of size.
And perhaps even Monero would face the same issue if Monero became more widely adopted because it's even less efficient in terms of how much storage space is required per transaction because of the ring transactions and so on.
But what do you think about that, Taylor?
So you're definitely right.
And especially with Ordinal's launching on Bitcoin, this has also caused network transaction fees to skyrocket on Bitcoin.
I think trading is going to happen less frequently now that it's adopted as an ETF because most people are going to be buying and holding it and keeping it in their portfolios.
So, of course, these asset managers are still going to have to be rebalancing the funds from time to time.
But I don't think if it's not being used by the everyday average Joe as just a peer-to-peer payment method for things like buying a cup of coffee or a car or a house, then I don't know how bad the blockchain is going to get bloated.
Ordinals are certainly an issue.
I don't know how Bitcoin developers are going to address that issue.
And yeah, like you said, same with Monero as well.
A lot of these networks get a lot of stick for not being able to handle scalability and throughput, right?
And then you always hear, well, this blockchain can address that and that blockchain can address this.
Things like Solana, they say do it better.
But at the end of the day, a lot of these networks have not been battle tested to the degree that Ethereum and Bitcoin have, right?
They have not seen just the sheer throughput of transactions.
And then we did see Solana go down a number of times in 2021 because basically it was battle-tested and then failed the test.
And that goes with Monero.
As much as I love Monero, I don't know if it could handle the type of transaction volume that Bitcoin does.
And you guys mentioned Epic Cash earlier, and that is one that I do find quite interesting as well.
I've had an eye on that for a while, and disclosure is I am a holder of Epic Cash as well.
Yeah, so I think what they're doing with the compressed block size is we're going to need more solutions like that going forward if this technology is going to be globally adopted.
Yeah, exactly.
Todd, you want to jump in?
Yeah, I would love to jump in.
I'm a bit of a skeptic, naturally, and here's what I think is going to happen with the ETFs.
I think we are going to enter the land of fractional reserve and rehypothecation.
So I believe that $21 million is now a myth.
Because you're going to have these ETFs that are going to say that they have acquired X number of Bitcoin and that you can buy a piece of those and such.
But ultimately, we know how it works.
That's why the exchanges, they may say, unless you hold custody, you do not hold an asset.
Can I just also retranslate that as well, just add something to it so that the audience is perfectly clear?
You're saying that theoretically, someone who runs an ETF, an institution, that sells you ownership of a certain number of Bitcoin, they're telling you that they're holding Bitcoin for you, but they might not, if they're dishonest, they could actually just, I mean, it's like a Bitcoin IOU, but they're out...
Maybe they've sold that same Bitcoin to somebody else, or they've used it in some highly leveraged FTX type of investment scheme that's highly illegal, and it's all going to be lost one day.
That's what you're saying.
It's not if, it's when.
Okay.
You just wait.
I'm Tadradamus.
You are.
I am just telling you that greed is going to enter front and center, and everybody should just research, rehypothecation, and fractional reserve.
And let's unpack that, you know, because...
It's going to be very, very dangerous.
And I present this again to be able to say that this just totally, totally pummels the notion that Bitcoin is 21 million.
It's not.
Now it's going to be...
Right now, I think it's...
Well, we won't have to go down that rabbit hole, but I think even today, right now, it's more like 60 million.
But that's for another...
All right.
Taylor, what's your response?
Yeah, no, I really like that take, Todd.
Yeah.
And it's something that I haven't really put a lot of thought into until just now, but actually, you've got a fantastic point there.
And I remember when I was a financial advisor, I was investing heavily into gold myself because I always kind of wanted to apocalypse-proof myself, right?
So I think a lot of the reason why people hold precious metals is for that reason.
And I ended up learning years ago that even gold is fractionally reserved.
And as you alluded to, like, if you don't have the physical asset, do you really hold it?
So maybe this could actually open up a bit of a door to people learning self-custody because I was investing in golds.
A lot earlier than I was actually physically holding gold.
So I've changed how I invest in gold and I now choose to self-custody when possible, right?
So perhaps if we're lucky, we can only hope that this spot Bitcoin ETF will open up people into, well, what is this Bitcoin thing?
Let me learn more about it.
Oh, you mean I can hold as much of this as I want on something as small as a USB drive?
So, you know, maybe we can see this as more of a positive and it will actually incentivize people into self-custody.
But at the end of the day, you are right.
What are these people going to be doing with these Bitcoin holdings?
You know, hopefully there's a lot of transparency and regulation around that.
I would add, and thank you for that answer, but I would add, Todd, that there are accusations that exactly what you described has already taken place among some of the online exchanges, specifically with Monero, right?
So many Monero holders came to the belief, I'm not sure what the evidence is, but they came to the belief that many of the exchanges that were holding their Monero actually did not hold that Monero.
And I think, didn't they stage some kind of like a mass withdrawal event a few months back?
Maybe, Taylor, did you cover that?
I didn't cover it, but I remember reading about that.
Yeah, it was quite the big thing, and people were demanding to know just how much Monero was actually being held on these exchanges.
And yeah, I ended up seeing some hashtag thing on Twitter about withdrawing all your Monero from Binance and stuff.
That was quite the thing.
Right, and I remember that before that withdrawal day event was supposed to happen, that there was a lot of activity monitored in the aggregate.
I'm not sure how it was monitored, being that Monero is a privacy coin, but in the aggregate, it showed that there were a lot of sudden purchases of Monero, apparently, by the exchanges, perhaps to reacquire the Monero that they claimed they had always been holding.
I mean, it's a theory.
I can't prove it, but that's what was out there.
Yeah, I think the exchanges have done a great job with their proof of reserves to increase transparency.
So for anybody who's new, kind of listening to this, is after the FTX collapsed, there was kind of a call to arms about how people wanted to know exactly what assets exchanges were holding and making sure they actually had enough to meet all customer withdrawals should the event happen, which is something that, it's funny, banks don't have to do that.
Right.
I know.
If you and I all went to our banks today and tried to withdraw all of our money, not a chance that we're going to get it all out, right?
Because the banks don't hold all of our money.
So it's kind of funny to see crypto exchanges sort of take the lead.
You know, they're supposed to be like the Wild West bad boys of finance, but yet, you know, in many ways, they're a lot more transparent and forthcoming than the banks will ever be.
And so I guess it remains to be seen how these ETF managers are going to be...
Yeah, proving reserves if they even have to.
I'm assuming because they're going to be heavily regulated that there's going to be some sort of checks and balances in place, but I'm not sure what that's going to look like yet.
Can I insert here real quick?
I need to be the guy here that says, I know that we gloss over ETF, everybody knows what it is, but I don't think everybody knows what it is.
Can you share, because we do have some older viewers, Mike, in the audience.
I know I speak to them regularly.
Can you please share what ETF is and what really is happening right now, Taylor?
I'll give it my best shot.
So ETFs, when they were introduced, is basically the most popular ones follow a basket of assets or like an index, right?
There's index funds, there's exchange traded funds.
And actually, now that I'm rambling on about it, I'm quickly realizing that maybe I'm not the best person to answer this one.
Well, I would just call it a proxy for the underlying asset.
You know, the ETF represents the underlying asset.
You buy the ETF, and then the ETF fund claims to buy the asset and hold it, whether that's securities or gold or Bitcoin, right?
Is that...
Yeah, so I think with Bitcoin, the easiest way to explain it is that you and I could go out and we can buy Bitcoin on an exchange right now.
But that involves a level of complexity, like signing up for an exchange and buying that Bitcoin.
And what do you do with the Bitcoin?
Do you withdraw to a wallet?
But the fact that it's now available as an ETF basically means it's accessible.
Through the same rails and methods as traditional financial products as well.
A lot of people who have financial portfolios probably hold a myriad of ETFs that can represent different things.
It could be like oil, gold.
It's a way of investing in oil without having to go out and buy a drum of oil.
And so this Bitcoin ETF, basically, it just provides the regulatory approval and the oversight for accredited investors and institutions and firms to be able to go out and get exposure to Bitcoin without actually having to buy it.
Perfect.
So it's probably the most basic way that I can explain that.
So yeah, right.
So people who have an account on, let's say, Fidelity or Robinhood or wherever...
Soon, they'll have like a BlackRock Bitcoin ETF show up as one of the options that they can buy.
And it's just another click for them.
So it makes it super easy.
So just, I looked it up, ETF stands for Exchange Traded Fund.
So what people are doing, they're acquiring Bitcoin, and that is going to be in their fund.
So you're going to be able to go to these people who are the ETFs who are trading these on their exchange, right?
Am I getting it?
But exchange-traded fund is what ETFs stand for.
I actually didn't know that.
That's a relief.
I thought it was extraterrestrial fund the whole time.
It was like pole-dancing aliens or something.
A scene from the Star Wars bar.
I don't know.
Okay.
No, but thanks for that clarification.
But my question to you, Taylor, is then what about the schizophrenic SEC here?
You know, on one hand, you have Gensler, who seems to be at war with crypto.
And then somehow, on the other hand, now you have this approval of Bitcoin ETFs.
I mean, this seems very suspicious to me.
To a lot.
To a lot of different parties.
Yeah, to a lot of people.
What do you think is going on?
So this is getting very tinfoil hat here, and this is all circumstantial opinions and thoughts from myself, really.
But there's a lot of things that have been fishy since Gary Gensler has taken the helm at the SEC. So I remember the day he was appointed as SEC chairman, there was a lot of excitement in the crypto space because prior to the SEC, Gensler actually taught blockchain at MIT, and he had nothing but positive things to say about Bitcoin and then projects like Algorand.
So There's always been an issue with regulation clashing with Bitcoin.
So as soon as Gensler was appointed office, everybody was like, fantastic.
Finally, somebody in power who understands blockchain technology and will be well-suited to regulate it appropriately and from a place of intellect and hopefully integrity.
But those assumptions quickly went south as Gensler launched an all-out war on the blockchain industry, right?
So a lot of people, myself included, feel that Gensler has actually done more damage to the blockchain industry than all the hacks, the failed exchanges, the bankruptcies combined.
I mean, he's effectively stifled innovation in the US through his regulation by enforcement actions, right?
And this has caused a lot of companies to move offshore.
And ultimately, America is falling behind in the blockchain innovation race, right?
We've got Europe with the MICA bill that's probably leading the charge.
China is years ahead of where America is with, I mean, rightly or wrongly, the way that they did it, that's topic for another time.
But America's really kind of shot themselves in the foot here, and a lot of that has been because of Gensler's actions and his hostility towards blockchain.
So what's interesting about this BlackRock, well, it was really BlackRock, I think, that kind of tipped The approval into the realms of possibility because Gensler has been shooting down ETF applications, left, right and center.
There's been dozens of them that he's declined.
And all of a sudden, BlackRock comes out of the woodwork and they're like, hey, we want to launch an ETF. Now, all of a sudden, conveniently, it's within the realms of possibility.
So BlackRock is the largest asset manager in the world.
And it's funny, I've heard quite a few people refer to BlackRock as another arm of the government.
And it's been reported that Larry Fink, the CEO of BlackRock, actually spends as much time in Washington, if not more, than his own office.
And if you hear what he says, I think it's quite telling, is you can often hear Larry Fink say things like, well, I told him in Washington.
Well, I told them in Washington.
So I was like, okay, so who's really calling the shots here?
So I don't know if this came down to basically Gensler versus Fink.
And maybe Fink finally had the power and the sway over Gensler to be able to push this thing across the line.
But yeah, I agree.
There's a lot of...
Yeah, a lot of suspicion around this, because why all of a sudden now is it's, you know, it's all sunshine and roses on the ETF front.
It's strange.
But a silver lining from this, though, I would imagine, is it's going to be more difficult now for the parts of the federal government and even senators like Elizabeth Warren, a big Bitcoin fan.
It's going to be harder for them to say that Bitcoin is a criminal coin when the SEC just approved it for institutional investors.
So that's a silver lining in this.
Oh, big time.
So I think more than anything, the CTF approval has greenlit Bitcoin as a reputable asset, right?
So I think this is going to take a lot of the wind out of the sails of Warren's anti-crypto army campaign or whatever it is that she's got going on.
But yeah, there's a few things as well.
Like, you know, the U.S. government has sold Bitcoin as well to its citizens.
And through...
So, they seized, you know, through the Silk Road Initiative, the American government is one of the largest holders of Bitcoin on the planet, and they've actually sold Bitcoin to the likes of Tim Draper, who has purchased, and others as well.
So, for now, if they wanted to kind of turn on their heel and outlaw Bitcoin or say it's this or it's that, then all of a sudden that's going to call a whole lot of other plays into question as well, like, why were you selling an illegal asset to your citizens, and why has this been approved by the SEC? Oops!
Yeah, yeah, oops is right.
So I think really this is completely taking the wind out of the sails of anybody who wants to basically fight against Bitcoin.
I mean, I do think the broader blockchain and Web3 landscape is still up for grabs, it's up for debate.
You know, the SEC is still going to sue the pants off of everything that smells like a cryptocurrency that isn't Bitcoin, I would imagine.
But I think Bitcoin's in the clear.
But what you just mentioned there, and you have a really fun old school doorbell, I think, is what I'm hearing.
Sorry, that's the church.
We live next door to a church.
Oh, that's church bells.
Oh, okay.
Okay, great.
Even better.
How does the government attack something that's just like Bitcoin but with a different name?
Or let's say Litecoin.
A little bit different architecture but almost the same if they've approved Bitcoin.
I mean, how does that argument even go?
I mean, it's a bit silly, isn't it?
Because Gensler will often refer to the Howey test, which is so outdated to determine what's the security and what isn't.
The Howey test was created for oranges and orchards, you know, like forever ago.
And so to try and regulate modern day digital assets through the same purview that we use to regulate oranges and orchards, you know, back before the internet even existed is quite ridiculous.
I don't know.
Gensler comes out and he'll just throw the word security at just about anything.
He listed a whole whack of projects a little while ago with securities.
He's done this a couple of times.
But he doesn't actually give a rhyme or reason other than they fail the Howie tests.
But he's always been very deliberate not to...
I don't know if you guys saw his congressional hearing where he was asked point blank four times in a row, is Ethereum a security?
And he refused to answer on it.
He waffled on it like no man I've ever seen waffle on a question before.
So to answer your question, it's just Gary does what Gary wants, right?
Yeah, but that's not sustainable policy.
I mean, at some point, right, the lawyers in the courts make arguments, and as you said, Gary Gensler's arguments are self-contradictory, incoherent, frankly.
I mean, I like the point you made that this is stifling innovation in America.
Because of the confusion and the lack of clear signals that are pro-innovation in the crypto space, America is losing ground against the rest of the world on this.
Yeah, they absolutely are.
So I think Gary's going to have a lot to answer for here, especially, you know, not to get too political, but if the Republicans take office here in the next election, I wouldn't be surprised if he gets the boot because it was Biden that actually elected Gensler into office.
And so we could kind of see a regime change there.
But Gensler has been in front of Congress answering for his...
I don't want to say incompetence, but for lack of a better word, incompetence.
He's been grilled multiple times.
So yeah, I think he's going to have a lot to answer for.
And you're right, we do need clear, cut and dry, black and white regulation before crypto can move forward.
Gensler can't just roll out of bed every morning and decide, what am I going to call a security today?
Yeah, and by the way, if the Republicans do take office, then, Todd, we're going to have to film a special show just for the GOP called This is a Computer.
Here's how it works.
This is a keyboard.
This is a password.
I mean, I've never seen such incompetence, and it's just wild.
I don't know if it's an age thing or what it is, but especially like the older Republican senators, they have no idea.
When you talk about crypto, they have no idea what you're talking about.
They don't even know what email is, most of them.
As a matter of fact, they're still ordering in cases the typewriter whiteout, you know?
Or shredders, you know, for Hunter Biden's files, you know?
So Taylor, I have a question.
I want to make a statement.
I believe that crypto is going to just, you know, be in a standstill until there are Viable use cases where I can invest in crypto and spend it like I spend fiat.
It's so funny.
I don't know if you guys have watched it, but on Netflix, there's a movie that just came out called BitCond, and it was about this company, Centra, to where these cons basically said that they had the technology where no matter what your crypto is, you could convert it at retail onto this debit card and pay for it.
And they raised just tens of millions of dollars.
And just it was all a con.
Everything was a con.
But it addressed a point.
I want to be able to have a use case where I can actually spend my money.
And that's where we get into issues with Bitcoin, that it's such a fat blockchain and it's so slow that it's too expensive to buy.
To buy Coke, but it's not private enough to buy Coke, if you know what I mean.
That was a joke.
But what is your thought?
Do you see any projects out there Don't you mean a bull market?
Yeah, try to spend it, you know, to be able to off-ramp it, you know.
What are your thoughts on that, Tyler?
I've got a few thoughts.
So, yeah, it's...
Better for worse, everybody always talks about what's the killer use case in crypto, and the truth is we already have one, and it's stablecoins.
Now, stablecoins are not ideal, but talk about a revolutionary development.
Are these stablecoins that are pegged one to one of the US dollar?
Stablecoin adoption has absolutely skyrocketed.
There's a reason why there are two stablecoins that are in the top 10 by market cap, right?
And we've seen entire nation states adopting US dollar-dominated stablecoins just to escape the inflation in their country or the corrupt politicians in their country.
So we see stablecoin adoption in countries like Argentina, Venezuela, Yeah, just all over the world really go up because you're talking about how can we spend crypto and stablecoins are the vehicle that allows us to spend crypto.
Now, the issue with stablecoins is, again, they're centralized.
They largely go against the ethos of what crypto is supposed to be, right?
So it kind of goes back to what we were talking about earlier.
It's like, why are you into crypto?
Are you in it for the cypherpunk self-sovereign philosophy, or are you just in it for convenience, use cases, etc.?
Stablecoins do offer an extremely effective method of making digital payments in something that is equivalent to the US dollar.
Do we really want to be pegged to the US dollar, though?
I was going to have that point brought up too.
But Taylor, what you're saying, I mean, it makes perfect sense.
Stablecoin provides this liquidity and this certainty for a lot of people.
But I still don't trust Tether's proof of reserves, number one, and their lack of legit audits.
At least that's the way I see it.
And secondly, I mean, we know the dollar is losing purchasing power every day because of all the money printing of the dollar.
And it's like, if I'm going to hold crypto...
I don't want to lose 2% per month or whatever because it's tied to a currency that's failing.
You know what I mean?
I mean, you know about international banking.
I'm sure you've followed like the BRICS nations and the de-dollarization trend globally.
And I don't have any faith in the dollar long term.
I have a lot more faith, frankly, in Bitcoin and Monero than I do the dollar.
And I have even more faith in gold.
This is like physical gold, you know?
You're such a prepper.
Yeah.
Yeah, I agree with that.
And I took Todd's question as spending, right?
And so I agree.
I don't want to hold on to U.S. dollars, but I want to spend them more than any other nation's currency at the moment.
It's the best of the bad bunch.
But yeah, like you said, am I going to hold on to this long term?
No.
Is it a store of value?
No.
It's a good medium of exchange.
I can ditch dollars at every opportunity I get.
But yeah, Todd, to your point, I guess...
You know, different cryptocurrencies for different things, right?
Like, again, we talked about Bitcoin as being a store of value, but as for a true payment coin, that one's difficult because while some cryptocurrencies are incredibly fast and low cost, like we've got, you know, the XRPs of the world and Stellar Lumens.
God, they're a dime a dozen.
Those assets are so volatile that they're not a viable means of payment either, right?
Like, yeah, I can send you $100 in a blink of an eye for fractions of a penny, but tomorrow that $100 could be worth $50 or $200 or anywhere in between.
So I guess you're right in a sense that other than stable coins, we still don't have a true sovereign, reasonable, realistic way of transaction.
But there's another way to approach this.
There's another way to approach this.
And I'm going to just kind of show a little bit of leg.
Mike, I haven't even talked to you about this, but I am part of a privacy group consortium who is developing an initiative that is going to create, I think, a killer use case, which is We already have the network to be able to build.
It's about merchants accepting different kinds of crypto.
So there is a network right now that is 60,000 strong that we're trying to herd like a cat to be able to create a platform to where, think of Temu, you know, and think of Temu being able to accept various forms of crypto And I'm not just talking about privacy crypto.
I'm talking about, you know, as many cryptos as the merchants ultimately are willing to be able to accept.
I think it's one of those things to where a lot more people would invest in crypto if they knew that there were places or merchants who would accept it.
Mike, I mean, I can't tell you how many times people, you know, approach me and say, you know, when is Mike going to be able to accept Epic Cash?
Or, you know what I mean?
I know, I know.
And people want to spend that, I want to spend, I would spend a lot with you just because of supporting the use case.
But I know there are entire crypto communities that, man, if they can have some viable merchants out there that have great products that are savvy enough to be able to just say, we get it.
We will accept your crypto as a means of payment.
Well, as online merchants, we need simple tools.
And we've spent quite a lot of time, our developers, working on tools and trying to integrate.
And it's not easy.
It's really not easy.
And some of the popular platforms out there for e-commerce, like Shopify, they used to have plug-in tools and they pulled them.
They pulled them because of Gensler.
It's Gary's fault.
Again, that guy is screwing with everybody.
I think Gary pressured the e-commerce platforms...
To only favor credit card transactions and to ditch crypto because it's too risky or anti-money laundering stuff, AML. That's typically the excuse.
But I know, Taylor, you've covered this.
Do you want to chime in?
Yeah, I was actually just going to say I spent a year living on Madeira Island.
It's this beautiful Portuguese island.
Yeah.
There's a very strong Bitcoin community out there.
And there's a lot of talk about trying to get local businesses to accept Bitcoin out there.
And there's some great work going on out there.
And I did have a chance to actually speak to some physical store owners on accepting Bitcoin.
And a lot of them are...
They love the idea and they're up for it.
But ultimately, when I asked what their biggest hurdle and reason for not adopting it is, other than just how do I accept Bitcoin, it's...
It makes budgeting almost impossible.
Again, this goes back to the volatility.
At the end of the month, they've got to pay salaries, they've got to pay bills, and that's just not viable when you're accepting a currency that can lose half of its value within a week.
Todd, I was thinking a little bit more on your previous question as well, and I've often felt And I think you guys will probably agree that the holy grail of crypto, something that has not been achieved yet, would actually be a decentralized algorithmic stablecoin.
Something that's not owned by anybody and rebalances by an algorithm.
Now, unfortunately, every single attempt to create an algorithmic stablecoin has failed spectacularly.
But yeah, I think if the day ever comes where somebody can crack that conundrum, that will be the ultimate Yeah, again, the ultimate holy grail in crypto.
Something that can be pegged to a stable asset, hold a stable value.
That doesn't need to be censorship-resistant as it's decentralized.
And then I think once somebody cracks that, then that could be the next major use case for crypto.
Well, you know, there's another project, and we're going to interview these guys from LODE, L-O-D-E. I don't know if you've heard about them, but I did talk to some of their people.
I don't hold any load, by the way, but it's backed by physical deposits of silver or gold held in Idaho, which if that can be sufficiently proven, at least as a merchant, I would know that, hey, the price of this coin that is a proxy for silver can't fall below the price of silver.
And so that would give me at least some...
Some aversion or evasion of price risk as a merchant.
I mean, I'm a merchant and I would be glad to accept coins that are backed by physical gold and silver as long as there's not a lot of speculative bubble pricing above those metals, which I don't think there would be.
I mean, I think those prices would be right in line with gold and silver is my guess.
But then again, stablecoins have sometimes fallen away from the fiat currencies as well.
Yeah, and even now, there are plenty of cryptocurrencies that are pegged to gold, and they hold a fairly accurate peg.
Paxos gold is one.
But even with that, going back to the ethos of crypto, it's about trustlessness, right?
I don't want to trust anybody.
So even with these gold-backed cryptocurrencies, you still have to trust, do they hold the reserves?
And how do I know they're not just going to shut down or pack up one day or even start censoring transactions?
They can also get Wow, words.
Words are difficult.
They can also fall under the purview of different regulatory bodies as well, right?
And that was one of the big things that scared people with Ledger.
And Ledger is a hardware wallet, and they recently had their Ledger recover fiasco.
And people are like, okay, so what happens if law enforcement comes after Ledger?
Are they going to have to disclose Ledger users?
So this would be the same thing with some of these gold-backed stablecoins as well, is how do we know that we're not all going to get doxed if we choose to use these?
So, yeah, we have to get back into...
The trustless ethos of cryptocurrency, for sure.
Exactly.
Oh, and I can't believe our time is almost up for today.
I mean, this has gone so fast.
This has been fascinating.
But in the interest of time, Todd, you want to ask a final question here, and then we'll ask Tyler to kind of summarize the show?
Yeah.
Taylor, you...
I mean, you are doing so much at Coin Bureau, and I would just like to open it up to you.
Can you end by educating us?
Is there anything about the initiatives that you are working on that you think that our audience should know about?
I mean, there's nothing that we are working on as a physical product or rolling out any sort of a development.
I mean, our bread and butter since day one has just been the unwavering desire to spread awareness and education about crypto, right?
And that's what we continue to do day in, day out.
So I guess the only thing that I would have to say is that the Coin Bureau YouTube channel is it's a fantastic place to send Especially beginners, but really anybody.
We don't get deep into the technicals.
We keep everything on a high-level overview of things.
I do my best to put things into layman's terms as well and relate things to real-world scenarios.
It's not a very exciting answer, but I guess all I can say is...
It's a great answer.
People would go to YouTube.com.
And they would search for Coin Bureau and they should subscribe and follow.
And within Coin Bureau YouTube channel, I presume there are different rabbit holes you can go down.
Like if I am a true beginner, are there areas where people can go to say, hey, I need a 101 to where they could go to get some initial education?
Absolutely.
So we cover a wider range of everything from Bitcoin to privacy coins, Ethereum, you name it.
We probably have a topic about it.
So for the true beginners, I mean, we've got some fantastic Bitcoin 101 guides.
So if there's anybody that needs to be orange-pilled, they're just hearing about Bitcoin for the first time.
Guides like that are fantastic.
I really harp the importance of self-custody a lot as well.
So we've got some great content on I love that.
With all journalistic integrity, that is something that I think we do better than any other publication out there.
So I never hesitate.
Even if I didn't work for the Coin Bureau, I still think it's a fantastic resource.
Well, I want to add, I love the maturity of Coin Bureau.
And you and the other leaders there, you're very level-headed.
Even in this interview today, even though Todd and I joke around from time to time, but you're very level-headed.
And I don't ever want to see one more video on YouTube of some guy...
Oh yeah, oh yeah, this coin's going to the moon, you know, like jump on board.
Come on, please.
And that's not Coin Bureau.
No.
Thank goodness.
And I've always found Coin Bureau videos to be very educational, very balanced, very level-headed.
And not, like you say, not shilling anything.
It's kind of like, in fact, I think Coin Bureau goes out of its way to describe risks, which is an important part of this process of the maturity of this entire ecosystem.
Yeah, absolutely.
And, you know, part of that as well in full transparency is just to stay at the SEC's crosshairs.
You know, we've seen a lot of YouTube influencers get nailed for trying to shill this, promote that, launch this.
Right.
So, you know, it's kind of like a double-edged benefit for us is we're providing an honest service with integrity and we stay well clear of the crosshairs of regulators.
So that's a win.
Absolutely.
So then what is the Coin Bureau business model?
So I know that there are other channels that to be able to get on their show, you have to pay them $10,000 in BTC to get a two-minute shout-out or something like that.
But that's not what you guys do, right?
I can't come to you and say, hey, I want you to talk about my coin or my project and pay you a lot of money.
And then you, you know, put the nice spin on it for us.
Right.
That's not what you do.
That's correct.
So we don't accept payment for being featured on the YouTube channel.
We do get approached, as you guys can imagine, dozens of times a week.
And we do leave a lot of money on the table.
And it can be difficult because we have been offered some pretty reasonable sums of cash to be like, hey, please just talk about our project.
But at the end of the day, we'll always say no.
We always turn them down.
And we just cover things that we think are important and projects that are doing good in the space, right?
So we cover what we think is important.
And then you asked about our business model.
So the way that we make money is through affiliate marketing.
So again, we won't shill.
We'll do unbiased reviews.
So a good example of this is Ledger.
Ledger is one of our partners, but when they launched their Ledger recover feature and their data breach, we didn't hide from these.
We were one of the first ones to be out there and be like, this is crap.
I don't know what you guys are doing.
They're a partner of ours.
We didn't shy away from that.
We'll do reviews on the website as well.
And then after we do a review, a project will reach out and we'll be like, well, I wish you didn't mention that the product's cheap and made of plastic.
And I'm like, well, it is cheap and made out of plastic.
I was like, if you didn't want us to say that, you shouldn't have made it cheap and out of plastic.
So yeah, that's the way we make money is through partnerships and affiliate marketing.
And we actually just launched like a subscription service as well.
So users can subscribe to, we've got a private Discord channel and what's called the Coin Bureau Hub.
And so that's just where some of our community members can go for additional insights, community chats, analysis and things like that.
If I had to provide one word that comes across with you, I just think you're authentic.
You know, you're just authentic in your presentation and approach.
That's right.
I agree with you.
That's what we go for.
Yeah, thank you guys.
Well, you certainly demonstrated that with us here today, Taylor.
So thank you so much for your time and your insight.
And I think you've just demonstrated to our whole audience why they should check out Coin Bureau.
And the YouTube channel as well.
And don't forget, by the way, you guys should post on this platform, brighttown.com, as well, because you'd be welcome there.
You'd find a very ready audience, and we'd never censor you, even if you talk about Ledger's plastic, cheap plastic.
But thank you for joining us today, Taylor.
It's been great.
Yeah, thank you guys so much.
I really appreciate the opportunity.
This was fun.
Absolutely.
We had a blast.
All right.
Thanks, Taylor.
Cheers.
All right.
And wow, that was a great interview.
What an incredibly smart man who covers this area.
So Todd, you and I will come back after this break then with the after-party analysis and commentary.
Sound good?
Yes, sir.
All right.
Cheers.
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