May 18, 2021 - Freedomain Radio - Stefan Molyneux
15:00
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| Time | Text |
|---|---|
| I'm just going to bounce right into this. | |
| Oh my god. Oh, people. | |
| Okay. Yes! | |
| It's true. Bitcoin is down. | |
| What have we got? Actually, I just asked everyone to mute. | |
| What have we got? What's the latest? | |
| Last I saw, it was like low 50s Canadian. | |
| What have we got? Yeah, diamond hands, paper hands. | |
| These paper-handed people are... | |
| Frankly, kind of exhausting. | |
| What have we got here for it? | |
| Is it down? Is it up? | |
| Up and down like the Assyrian Empire. | |
| $52,208. | |
| And people are like, it's down! | |
| It's like, yes, but it's still 500% up. | |
| I mean, my God, talk about a hedonic treadmill. | |
| Okay, I'll tell you why it's down and I'll tell you why it's really annoying that people are freaking out that it's down. | |
| Okay, I will tell you why it's down. | |
| Okay, I want you to think of a scenario which we're all familiar with if we've watched heart-tugging pre-teen directed movies like Titanic, which is the ship is going down, right? | |
| Titanic is going down and there's not enough lifeboats, not enough lifeboat seats for everyone on board, right? | |
| So a couple of people are like, you know, I heard a pretty funny thump. | |
| I'm looking over the side of the Titanic, there's a big gaping hole in the side. | |
| And James Cameron's at the helm of the camera, so things aren't going to go too well for us. | |
| And so they start edging towards the lifeboats. | |
| And these are the people getting into Bitcoin or cryptos in 2011, 2012, 2013, and so on. | |
| And they start getting on. | |
| And then, at some point, people start to figure out that the angle, you know, the angle of the ship's getting a little hinky, and you've got a whole orchestra starting to slide towards the end. | |
| This is before the guy spins down and bangs his head on the propeller. | |
| Before the ship splits in two, things are going kind of badly for the whole Titanic situation. | |
| So more and more people start edging towards the lifeboat. | |
| And then, frankly, some rich assholes come along, and they say, oh, you know what? | |
| I think there's too many people in that lifeboat for us. | |
| We don't want to really... | |
| We don't really want to... | |
| Sink with the ship, and we're very rich, so I got it. | |
| I know what we're going to do. We're going to say that there's another lifeboat coming. | |
| Yeah! Okay, now this lifeboat that's coming is shaped like a dog, and it's going to be super fantastic. | |
| These lifeboats, you know, they're not perfect. | |
| There's no Lido deck. | |
| There's no shuffleboard. | |
| There's no karaoke. Unless you're sitting near Red Pill. | |
| There is... It's just... | |
| It's not classy enough for you. | |
| There's going to be a way better doggy-shaped lifeboat coming along, so you don't need to worry about this one because dogboat is coming. | |
| And people are like, oh, hey, man, if dogboat is coming, I'm not going on this one. | |
| I'm not going on the Bitcoin lifeboat because dogboat is coming. | |
| Now, you know the only reason that they're telling you about dogboat is so that you don't get on to the Bitcoin lifeboats. | |
| And then there's room for them. | |
| That's the entire purpose behind what it is that they're doing. | |
| I called this months ago and it's playing out exactly as I said it was. | |
| Not that complicated, not that brilliant on my part. | |
| It's really, really obvious. | |
| So what's happened is rich people are finally cottoning on to the fact that Bitcoin is going to be the thing. | |
| Now, I'm not talking diss on other cryptos, except for Dogecoin, which seems to be mostly a joke. | |
| Memecoin created in about two hours, for which there have been precious little development over the past five years. | |
| But anyway, so the imaginary coin, no, not going to work. | |
| So rich people are like, wow, Bitcoin's really a thing. | |
| And you've got real cracks showing in the fiat currency system, people. | |
| Real cracks showing. | |
| What is it? 30 plus percent of Americans are getting $3,800 up to in stimmy checks every month from the government. | |
| The graph of the Canadian money supply is like the graph of my interest in girls when I hit 12 and a half. | |
| Straight through the roof. | |
| Newfoundland, which is a little godforsaken economic wreck of an island where they completely destroyed the fishing some 20 years ago because they gave people way too many licenses to fish way too many, destroyed a 400-year car industry. | |
| Everybody there has broke us. | |
| And the average worker in Newfoundland owes $170,000. | |
| In government debt. And they've just gone to the bond market and they said, hey, we'd love some more money. | |
| And they said, you've got to be kidding, man. | |
| No way. You can't possibly pay this off. | |
| We have governments unable to borrow. | |
| We have massive expansions in the money supply. | |
| And people are still believing that inflation is, oh boy, we thought it was going to be 3.5%. | |
| It's 4.2%. | |
| It's like, you've got to be kidding me. | |
| You've got to be kidding me. | |
| Hearing the mainstream media's and the government's estimates on inflation is like some really slutty girl telling you about how many lovers she's had in the past. | |
| Ten times the number and you're probably somewhere close. | |
| Really, I was only with four boys and it was all long-term relationships. | |
| They're all choir boys and one of them was none. | |
| It's like, okay, so four is 40 and 4.2 is about 42%. | |
| If you start looking at lumber and if you start looking at housing and you start looking at food and you start looking at gas... | |
| We're not talking 4.2%. | |
| So you understand, COVID was the iceberg. | |
| I mean, ship wasn't going to make it to England anyway, but COVID was the iceberg, which meant that there was no graceful exit from it. | |
| So Elon Musk, oh my God, this is a guy who baselessly accused a hero who rescued a soccer team from a flooded cave. | |
| He called him a pedo. | |
| And the guy sued him and Elon fought it ferociously and ended up winning for some bullshit free speech crap in the U.S., This is a guy who will falsely call someone a pedo and then defend himself to the death. | |
| This is a guy, there's a picture floating around of Elon Musk with Jelaine Maxwell, Jeffrey Epstein's quote, girlfriend slash pimp for underage children. | |
| You think this guy's free to make his own decisions? | |
| That rich, that prominent, that powerful, that, quote, respected? | |
| In the business community, you think this guy's making his own decisions? | |
| You don't think they have stuff with this guy? | |
| I can threaten him with just about every punishment and exposure, south of the North Pole and north of the South Pole? | |
| He doesn't have freedom or liberty to make his own decisions? | |
| You think he's flip-flopping? | |
| No! There's pressure being put on the guy, for obvious reasons. | |
| Because once the smartest guy in the world makes more money off Bitcoin in two months than he made from 13 years of designing and selling electric cars, people are like, holy crap, we've got to get on this lifeboat. | |
| Ooh. Lifeboat's kind of expensive. | |
| 60k for a ticket? | |
| On a lifeboat? 60k for a seat? | |
| We've got to drive that price down! | |
| Let's put some pressure on the guy. | |
| Let's get him to start talking about DoggyCoin. | |
| You understand? It's a joke. | |
| DoggyCoin is not a real thing. | |
| It's a made-up bit of nonsense. | |
| It's complete crap. | |
| It's not tested. | |
| Oh, and then you've got Elon Musk saying, well, you know, but you see, if Dogecoin can simply get 100 times the speed at 100th the price, it's going to win. | |
| Yeah. You know, if you could just make a computer that was 100 times faster, I mean, you'd corner the market. | |
| Elon, if you could just... | |
| Get a battery for your electric cars that are 100 times more powerful and last 100 times longer. | |
| I'm a business genius! | |
| It's like, yes, well, that has already been going back and forth in the blockchain wars from 2013+. | |
| That's all been fought over and deliberated over and this is where things have got. | |
| A core business-to-business network called Bitcoin and a potentially consumer rapid thing called the Lightning Network or other things. | |
| So, yes, what is happening right now? | |
| Bitcoin is going down because people want to get on board. | |
| That's why it's going down. | |
| Because if you want to invest a lot in Bitcoin and you can knock the price down 10 large, you've just saved yourself tens or hundreds of millions of dollars. | |
| Not a bad thing. For whatever pressure you can bring to bear on some public figures around Bitcoin. | |
| Bitcoin is not dependent on the mood swings of Elon Musk who seems to make Catherine Zeta-Jones look like my wife when it comes to mood swings. | |
| So it's not dependent on that. It is dependent on people understanding that the existing fiat currency system is the Titanic, and right now you can get a seat on a lifeboat for a mere 50k Canadian. | |
| Now, it was cheaper in the past, it was more expensive a couple months ago, but they're driving it down so they don't have to bid as much for the seat on the lifeboat. | |
| So all that's happening right now, right now, is that people are selling... | |
| Who are dumb. And people are buying, and I won't even say smart, and maybe smart and dumb is not the right way to go. | |
| People who understand what the purpose of Bitcoin is. | |
| The purpose of Bitcoin is to replace the tyranny of central banking. | |
| That's the purpose of Bitcoin, to replace the tyranny of central banking. | |
| To Kneecap the increasingly totalitarian government systems and to give people the way out of the Titanic, give people the way out of the falling building, to helicopter them out of the burning skyscraper, whatever you want to call it. | |
| This is the escape hatch. | |
| This is the absolutely unforeseen, beam me out of trouble Scotty, technology that's going to save our asses. | |
| Oh, well it's got environmental problems. | |
| Environmental problems. | |
| Elon Musk, who will take pretty much, you know, half a tribe of dinosaur juice, slam it into a rocket and burn it to get to Mars, or just get anywhere, is now complaining that, you see, Bitcoin, well, you know, it could have some energy consumption issues, even though, even though. The energy consumption of Bitcoin is vastly less than gold mining. | |
| It's vastly less than fiat currency. | |
| It's vastly less than war, than national debts, which of course is massive consumption in the present versus the future. | |
| It is much more energy efficient and it's uncontrollable, it's uncontrolled, and it's limited. | |
| It's limited. Because the fantasies of unlimited is addiction. | |
| Hey, I can take as much heroin. It's going to be great. | |
| Hey, I can gamble as much as... | |
| I can have as much sex as I want. It's going to be great. | |
| The fantasy of the unlimited is the essence of addiction. | |
| And Bitcoin is here to cure humanity of the addiction of infinite money and the corruption of infinite money. | |
| So the fact that the price is dipping is fantastic. | |
| I could not be more thrilled and more pleased because it means that the people who were just in it for the bucks, just in it for the money, okay, good, make your money... | |
| And GTFO. Get your money and get out. | |
| Take your money and get out! | |
| Because the rest of us are here building a lifeline for humanity to survive the collapse of the system that is. | |
| Okay? So you want to take your little money? | |
| You want to take your little profits? | |
| Go! Go take it! | |
| Go put it into fiat, man! | |
| Go take it! Go wait for doggy coin! | |
| And give some smart people a seat on the lifeboat! | |
| Because that's what we're here for. | |
| We're here to survive and flourish. | |
| And if you want to take, oh, look, I could make $10,000. | |
| I could make $50,000. | |
| I could make $100,000. You're still thinking in fiat, which means you don't get it. | |
| You don't get it. And if you don't get it, get out. | |
| Sell. Sell to someone who understands what this vehicle is for. | |
| This is a rescue ship. | |
| This is a rescue helicopter. | |
| This is not a two-month profit turnaround bullshit scenario for you to go and buy a Lambo, okay? | |
| This is not just life-saving, this is civilization-saving technology. | |
| And if you're led off by the demon of greed, oh, you sell a little bit, I'm going to make some money, oh, it's bad, it's got energy. | |
| And you know what else I love, and I'll stop here, right? | |
| So what else I love is that, oh, I worked in the environmental industry for 15 years. | |
| Co-founded a software company that was aimed at helping corporations reduce their Environmental impact. | |
| So when it comes to helping the environment, I've done more than just about everybody around, right? | |
| God, I hate environmentalists. | |
| Talk about shoot a children's clown in the kneecap killjoys of the X dimension. | |
| Lord above. Lord, spare me. | |
| Oh, you having any fun? | |
| It's going to kill the environment. Oh, you enjoying this nature documentary? | |
| They're all going to die! Oh, are you enjoying having some technology and some heat? | |
| No! Killing the planet! | |
| Because plant food is your enemy. | |
| Plant food is Satan farts. | |
| It's going to undo civilization. God, I hate them. | |
| They're just Karens wanting to speak to the manager of the planet. | |
| Absolute, complete and total killjoy Karens. | |
| And they're communists, of course, right? | |
| I mean... Because, you know, what I noticed back in the day when it came to environmentalists, they didn't give a shit about the environmental pollution that was going on in Soviet Russia. | |
| And Soviet Russia literally turned entire lakes into sewage plants. | |
| Soviet Russia turned beautiful forests into smoking carbon-laced carnage factories of... | |
| Environmental slaughter. And they didn't care. | |
| They didn't care about any of that, right? | |
| Because it's just a way of making you feel guilty for having any kind of abundance, any kind of technology, any kind of comfort, because they're miserable assholes who can't stand to see anyone happy, so they just nag the living shit out of you. | |
| Like medieval Catholic priests on steroids, okay? | |
| So, oh, you enjoying this veil of tears? | |
| Are you enjoying Satan's landscape of happiness? | |
| Well, you're just evil and you... | |
| Right? God forbid. | |
| The haunting fear of environmentalists is that somebody somewhere is comfortable and happy, and that has to be just axed like a young sapling from an idiot who doesn't know how to build a firearm. | |
| So, oh my God. | |
| The fact that environmentalists are steering clear of Bitcoin is one of the greatest cosmic justices ever rained down since Satan was hurled from heaven. | |
| It is an absolute beautiful thing. | |
| And so environmentalists, oh yeah, man. | |
| Oh yeah. | |
| Bitcoin is basically kneecapping Mother Nature, man. | |
| It's a gang rape of the goddess of nature, and you should absolutely, completely and totally stay away from it. | |
| Stay with Fiat, because you see, Fiat is just wonderful for the environment. | |
| Stay with gold. Stay with Visa. | |
| It's absolutely wonderful. For the environment, so stay with the government because government debt is completely wonderful with the environment. | |
| Stay away from Bitcoin, man. | |
| You stay on the Titanic, man. | |
| Doggy coin is coming and you'll be totally safe because I want smarter people on the lifeboat because the world we're going to build after the smoke clears is something I don't even want to see you within 10,000 miles of the landscape. | |
| Maybe you can join Elon Musk's wonderful nature-preserving commute from Earth to Mars because, Lord knows, nothing says I care about the environment. |
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