Donating 12.8 Bitcoin to Trump & Why Bitcoin Needs Better Marketing - Gary Cardone (Bitcoin Talk on THE Bitcoin Podcast) - THE Bitcoin Podcast

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
Bitcoin is an industry.

(00:01):
It has been sold extremely poorly.
Okay, it has been the worst marketing promotion sales
campaign in the history of Ankhana.
And we're still at a trillion dollars of value.
That to me is like a massive indicator
that gets me really interested.
Like, wow, y'all got here all by yourself

(00:23):
and you were blind, drunk,
had no care for the speed limit,
whatsoever, and you're still here.
Hmm, I like this industry.
Greetings and salutations, my fellow plebs.

(00:43):
My name is Walker and this is The Bitcoin Podcast.
The Bitcoin time chain is 858967.
And the value of one Bitcoin is,
shockingly, still one Bitcoin.
Today's episode is Bitcoin Talk
where I talk with my guests about Bitcoin
and whatever else comes up.
Today, that guest is Gary Cardone.
We dig into why Gary decided to donate 12.8 Bitcoin

(01:06):
to Donald Trump, why Bitcoin needs better marketing,
the current political and geopolitical landscape,
the role of the state, why Bitcoin is so important
in these uncertain times, and the massive changes
we're about to see over the next decade
and how you can be prepared for them.
We also dig into the need for a digital transformation

(01:27):
and why AI will replace government
as we know it, according to Gary.
Why individuals need to take responsibility
for fixing the problems in society, plus a whole lot more.
Before we dive in, do me a favor and subscribe
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(01:51):
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Without further ado,
let's get into this Bitcoin talk with Gary Cardone.
Gary, welcome. Good to see you again.
Good to have you here.

(02:53):
Thank you, man. Good to have you.
Good to have been your house.
Yeah.
Yeah.
You know, last time we saw each other was Nashville,
I believe.
Yes, it was.
And what an interesting scene that was.
I've got to say, I've only been to the first big Bitcoin
conference I went to was 2021, which was a big one,
2020, and I've been to the first big Bitcoin conference

(03:16):
I went to was 2021, which was a big one,
2022 and 23 were big as well.
But this one had a different vibe to it.
I don't know how many of these things you've been to,
but what was your coming off of that weekend?
Just what kind of thoughts were you having about the whole scene?
Well, I've been to maybe,
I've been to probably 500 conventions in my lifetime.

(03:40):
That was probably one of the top three or four events
I've been to as far as a trade show industry show.
Most certainly the best Bitcoin show that I've been to.
I've been to four or five of them.
And I was very just plug Nashville,
because I was not happy about going to Nashville.
And I was really excited the moment I got there

(04:03):
and realized how cool of a town it was.
So there again is my ignorance.
I'd never been there.
Couldn't believe I'm like, I've never been here.
I've really dug Nashville.
I can live in Nashville.
Hell, I could go there.
It's a cool spot.
I know, there's an energy there.
I mean, I'd only been there once before
because I've got a cousin down there, went to visit her.

(04:26):
But it's a fun place.
I mean, you can get into some trouble there for sure,
but you can also have a lot of good, clean fun as well.
Yeah, no, I thought like if I was married,
I think it'd be a good place for a couple to go to
freshen things up.
And if you're single, it'd be an awesome place to go to.
Right?
Yeah, so, but I'll tell you what was even more interesting

(04:50):
was the event I just came back from.
If you thought Nashville was good,
anyone that went to Nashville, Bitcoin,
you know, it was an awesome event.
Historic, I think, for Bitcoin.
Like truly historic.
Historic for me because I was in a room with 15
of the biggest players in the world.

(05:11):
And that came through Bitcoin.
I couldn't have done that through credit card industry.
This industry has really afforded me a lot of to be able
to use all the tools in my toolbox that I learned
from Legacy World and really accomplish quite a bit,
really short period of time.

(05:34):
And I say that because I want people to understand
this is an industry.
Okay, Bitcoin is an industry.
It has been sold extremely poorly.
Okay, it has been the worst marketing promotion sales
campaign in the history of Ancant.
And we're still at a trillion dollars of value.

(05:56):
That to me is like a massive indicator that gets me
really interested like, wow, y'all got here all by yourself
and you were blind, drunk,
had no care for the speed limit whatsoever
and you're still here.
I like this industry.
This is the way I look at things, right?

(06:18):
I look at things like that and go, wow, how did that happen?
This must be really remarkable product.
Because you went out of your way to kill it.
And the reason I'm bringing that up,
a mere 15 years later, here 2024,
I'm in a room in Jackson Hole with,
you think people were confident in Nashville?

(06:39):
This was the biggest money on the planet
and giving presentations from really senior levels,
experts in digital, not not, hey, I'm Joe Blogs,
analog bank and I want to talk about my blockchain
that's never going to come out.
These people are like, okay, we're building this for year eight.
We're building this for year four.

(07:00):
We're thinking in decades in digital now.
This shit's happening, Dave.
It's happening.
It is absolutely happening.
And I forecast that everyone that's been in this industry
for the last 15 years is underestimating what's going to happen.

(07:21):
And you're overestimating how quick it's going to happen,
but you're grossly underestimating what's going to happen.
And that's based on experience in disruptive industries
that I look now and I go, wow, it's still happening.
Like probably when I left the energy business,
it probably still had another 100% change to make.
And that was after 25 years.

(07:43):
So just so much opportunity here.
I'm going to go ahead and mute and let you get to the next question
because these guys are crushing some,
whatever they're killing right now.
And no worries. The yard works got to get done.
I think it's an important point to talk about it as an industry
because yeah, Bitcoin is a technology.
Yeah, Bitcoin is money.

(08:05):
Let's simplify it even more.
But I thought an interesting part of Trump's speech,
it wasn't a, I didn't look at it so much as a Bitcoin speech.
I was at the Bitcoin conference.
I was talking about Bitcoin,
but it was more of an industry speech.
He talked about the Bitcoin industry.
Comparing it to the steel industry of yesteryear.

(08:26):
He's comparing it to an industry that basically helped build America
and establish some dominance,
an industry that is a shadow of its former self as well.
And that's probably not coming back anytime soon.
I don't know.
But I thought that was an interesting angle to it.
And I mean, I got to say, you know,
I think Trump might be one of the better standup comics of our time.

(08:49):
The guy can, he can roll.
It's pretty impressive to see.
I've got to say, you know, it's how to work a crowd.
But you know, I'm curious because you just speaking to Trump,
I know you and you've been very, very public about this.
You donated, I think it was around 12.8 or so Bitcoin to Trump.
Can you just talk a little bit about like why you did it?

(09:11):
What made you decide to part with some, you know,
some of the scarcest asset on the planet to donate it to a political candidate?
Okay.
Well, that's a good question.
I didn't expect we were going to go there,
but and it has gotten me in a lot of trouble.
Has it?
Oh, dude, like if we want to get off, I mean, I have,

(09:32):
I got three, five, three to five great stories to talk about how valuable Bitcoin is going to be.
Because this stuff is happening right now.
Okay.
Like people are making decisions on who the good people are and who the bad people are
based on their opinions, but not on any laws.
I depending on how long we got, I can give you a few examples of what happens to a regular guy

(09:56):
when he shakes the tree enough and they know he's a large Bitcoin holder,
then a donor and then a donor to Trump and then a donor to the Republicans and then a donor to a VEC
and a donor to Anna Luna Polina.
The only three political contributions I have ever made in my entire life,

(10:18):
including being pressured by my corporation, the Fortune 30 company,
you know, they would put all the execs in a room together.
Hey, we're going to support Bush, man.
You know, we need you to give some money.
I didn't even do that.
Okay.
I do not like giving money to politicians.
I don't invest in companies that require a subsidy from the government.

(10:42):
And since I was a little boy, I never expected the U.S. government or I never expected me that I would take Social Security from the U.S. government
because I never thought that I would need it and I don't need it.
I don't need anything from the government.
Other people can have my piece of the Social Security.
I don't need it.

(11:03):
So that's just kind of been my framework.
But now in the last eight years, I have seen the most aggressive regulatory enforcement behavior
and they're using the regulation, just the ability to ask a question, send a letter without any responsibility or validation for what the case actually includes or doesn't include.

(11:29):
Much less regulatory bodies doing things to me and my companies that I don't even know what you're like, why are you here?
I've never done business in your division.
Like this happened to be a consumer federal trade commission.
And I'm like, hey, don't you guys handle consumer issues?

(11:53):
I don't deal with consumers.
Never have I deal at wholesale level and technology.
And now they're trying to make technology and this is exactly what they're doing to Telegram and they're going to try to do to X.
Is they're basically saying the platform is responsible for any communication that goes across it.

(12:14):
We were a document provider in the credit card industry and they're like, hey, you help that merchant.
Like I'm a document provider.
Like when I rent a car from Hertz and I drive it 180 miles an hour, I mean, it's not Hertz like what they were supposed to regulate it.

(12:37):
What is docuSign supposed to read every contract.
Anyway, regulation and the regulatory bodies one under this, the Democratic administration and I will just call it like it is, has gone out of control.
They've lost so many cases now.
And maybe some people don't care that enforcement authorities spend billions and billions and billions and billions and billions of dollars make 300, 400, half a million dollars a year being a lawyer.

(13:07):
And then they lose case after case after case.
Or in my case, they will, they burned me so much three and a half years, I had three sets of lawyers lost a marriage in part due to this because the pressure was so great.
She and I are disagreeing on what to do.
We're going to go bankrupt.
You know, is the business worth it blah, blah, blah.

(13:30):
And one is killing innovation.
Okay, to the only people that can survive this are really rich people.
And I had the gumption to go fuck it.
I'm going to spend seven, eight, ten million dollars and I'm going to fight it.
The criminal part of this is and I'm not a victim.

(13:53):
I don't want anybody to feel sorry for me.
Dude, I'm a player.
Okay, I expect this shit's going to probably get worse.
The sad thing is after three years and seven million dollars and the opposing team looks at you and says, hey, by the way, oh, by the way, the opposing team, they don't have a budget.
They don't have any, any, they don't have to score and they don't pay my penalties or all my expenses if they lose.

(14:20):
See, this is one thing that we could do if I was in the government.
Hey, all legal proceedings from here on out, any lawsuit filed, he who loses pays the fucking bill, pays all the legal bills.
That would cut half the litigation in the United States down, like immediately.
This is not complicated.

(14:41):
Okay, you don't need a blockchain for this shit.
Place responsibility and stop it being so easy for someone to grab 14 different players in a, in a business transaction over years and years and then go, hey, we're going to do class actions and all these people and see who we can tag.
Right.

(15:02):
And well, who are they going to tag?
They're going to go after the rich people and the innovative people.
The difference is I am not Google and nor are you.
Okay.
And between Google, Microsoft, Facebook, and everyone, everybody else that's a multi-billion dollar business, I would say in Oligopoly, Duopoly or Monopoly has paid fines.

(15:26):
JP, Morgan, Chase, Bank of America and every one of them.
Wells Fargo for fraudulently making up banking accounts so they could pay commissions.
They have paid billions in fees, criminal activities, moving children and girls and sex around, moving money for drugs and terrorism around.

(15:52):
They pay these fines to the DOJ and they are continued to allow to operate, including two nights ago, Mark Zuckerberg has agreed he's a felon with the U.S. government.
And they will continue to operate this way.
And now the question is going to be, hey, who else is doing this shit?
This is not the country I thought I was growing up in.
Okay.

(16:13):
And if you need a better advertisement for Bitcoin and decentralized media, what we're doing right here has made more progress than Bitcoins made without blockchain, without Satoshi, without a fucking formula.
This is where I get upset with Bitcoin people.
I'm the greatest thing that's ever hit this planet, you're the greatest thing that's ever hit this planet, not Bitcoin, dude.

(16:35):
Bitcoin's not going to solve shit if we don't get like Bitcoin's good piece of my weaponry.
It's a sword, but it's not my only tool, right?
It's a tool.
So, like to me, if I have a thousand Bitcoin and I can't talk to you, I don't care about my Bitcoin.

(16:57):
If I have a thousand Bitcoin and it's a Mad Max world, I don't want my Bitcoin.
See, and I think some people, Roger Vera might want Mad Max.
I'm like, no, dude, Mad Max is not cool.
Okay.
The sad thing is we're probably going to get there anyway without Bitcoin having to do it.
One way or another.

(17:18):
Now, you know, it's a great point that you bring up just about these massive multi-billion dollar, the biggest companies in the world.
For them, breaking the law and paying the fine, that's just a cost of doing business.
That's built right in.
They know they're going to pay.
You brought up, you know, J.P. Morgan.
Yeah, I mean, they have paid through the nose countless times for all manner of law breaking.

(17:41):
I mean, they were Jeffrey Epstein's bank for Christ's sake.
And what did they do?
A little slap, slap on the wrist here and there.
They haven't paid through the nose.
They would have paid through the nose.
The business would be dead.
See, this is like, if I did something really bad, what would you do?
You can't let the guy keep doing 180 miles an hour on the highway.
If he's got three tickets, like, whoo, he can no longer play in the game.

(18:05):
I don't trust him.
And what we saw last night, now we understand it's a pay for play game.
Pay and play.
Otherwise, we're going to crush you.
That's the game here.
And it's in the billions and nobody can play.
You guys think I'm rich.
I am nothing compared to these people.
My brother is nothing to do.

(18:26):
They'll wipe him off the map.
Okay.
Like we're talking about the top 2% top.
Well, I'm in the top 1%, but these numbers are staggering.
Okay.
My 1% and Jack Darcy's 1% is massively different.
Right.
Which I think is really cool.
Now we need that little group of liberal, liberal, Elon Musk, Gary Cardone.

(18:50):
Hey, no, we want freedom for everyone.
I truly do want freedom for everyone.
I'm not scared of anybody outworking me or out eating me or there's plenty of shit to go around.
But this draconian regulatory process is impinging on us in a way that this does not get better.

(19:13):
They will continue to take more and more freedom away.
This has just gotten slippery over your lifetime.
We've all kind of enjoyed a really cool 40 years of having no problems.
Really.
Every now and then some planes run into a building and we have some drama, but we're not losing a lot.
We have 60 inch TV screens and we get to do this shit all the time.

(19:38):
So our lives have been proved in so many ways, but I'm looking around going, whoa, I'm being asked questions and sent letters.
Open this one today.
Open this bloody thing.
You probably can't see it, but I never seen this mandatory FinCen filing.
Cardone Enterprises, LLC, with a little skews, court codes and everything must file by $1231, 2024.

(20:04):
$500 penalty per day.
Okay.
After $1231, 2024.
Well, fuck, man.
I got 10 of these.
They hit every LLC with those too, right?
Yeah, sure.
Yeah.
I mean, it's the first time I've seen it, but like, I don't even know what that entity is.
Yeah.
Well, no, I mean, it's insane because at the end of the day, all of these regulations, they don't hamper the biggest guys.

(20:33):
They don't hamper the biggest fish in the sea.
The Googles, the Facebooks.
Well, they do.
They have to go through a bunch, but you end up paying for it.
Yeah, exactly.
And who do they screw?
It's the little guys.
Look at this piece of paper, dude.
This is a whole mailing thing.
I'm going to get 10 of these.
Who, like, the post office would be out of business if it were not for the United States government.

(20:55):
Maybe that's why they're sending it to me.
Yeah.
But see, all that goes away in the digital age.
At least it should.
It needs to go away too.
This is silly.
Okay.
This is an absolute waste of money.
You get a bunch of guys like me and Vivek in this administration, dude.
We're going to clean house on this shit.
Clean house.
I mean, there's some really cool politicians surrounding around Trump.

(21:18):
Like I've already offered.
I'll give you guys one day, four years, whatever you want to tell me where to go and put me
there so that I can make change and know that I will never come back.
Y'all can blame me the whole time later.
But this is the kind of people you need to go in there and just go, we're making significant
and significant change here and it's going to be disruptive.

(21:41):
Do you think that that kind of change?
I mean, really, because what we're talking about is taking an axe or, you know, and Malaya
style would be a chainsaw, whatever kind of implement you want to take, chopping down
the size of the bureaucracy, because that's ultimately what it is, right?
You got a government that keeps bloating and bloating.
And as the government bloats in terms of actual personnel, the regulatory landscape bloats,

(22:06):
because, hey, those people got to find something to do with their time, you know, with a little
bit of their time, probably, because I think most of them are probably sitting on their
thumbs, most of it.
But I mean, is that kind of sweeping change possible in the span of one administration
in the United States?
I don't think it's, I think we have a 12, a minimum of a 12 year program here that we

(22:29):
can't, and I'm not a Republican.
I'm not a Democrat.
I wish they would stop asking me what political group I'm in, because I'm not, I'm not, I
am an American citizen of Italian descent, and I'm a cardone.
And actually, my code is more important for my family, the cardone family code, than anything

(22:53):
the US government or teachers going to tell me.
So my family did a good job, at least with me, on giving me some basic foundations of
right, wrong, ethics, principles, and where do I fit in the food chain, and what am I
supposed to be doing?
And the government can like, give me some framework around it, but it's really my family,
right, and it's your family, and it's our collective villages, which we've completely lost.

(23:16):
We've lost it because, oh, you're not Catholic?
Well, I hate you, dude.
Oh, you're not a Mormon?
Oh, well, you're not going to end up in eternity.
Okay.
Oh, you're not a Scientologist.
You haven't done all your clearing?
Oh, you're a Jew.
Fuck that.
Oh, you're a Palestinian?
Okay.
Then, oh, no, you're black, you're white, you're green, and like, quite frankly, I have never

(23:38):
thought about that with people.
I've thought about, oh, white trash or black trash, red trash, or is it like, it's either
good people or bad people, man, you know?
And I've met some classy rich people that are nasty, not nice people.
To me, if we don't fix this, and if the next four years is not the most disruptive to the

(24:07):
political system, we're done.
You're what, 35, 30?
Okay, like you guys are fucked.
I'm telling you, okay?
I'm 66 years old.
You are absolute toast.
My children are going to be okay.
You guys are getting ready to get reamed in a way that you have no clue.

(24:29):
And the real guy that's getting fucked here, the black guy, dude.
The black guy is getting ready to get slaughtered again by another race that's not even indigenous
to this country.
It's going to be a collection of races, actually, that want what they have, because they can't
have what I have, dude.

(24:49):
Okay?
It's going to be, they have to jump over some shit to get what I have.
So where do these parasites go to?
And by parasites, I mean migration flow.
There's two issues here.
There's a migration flow of people wanting better things.
Can't blame them.
Okay?
Can't blame them for coming here for resources.

(25:11):
Problem is, if you want the resources here, you probably need to be willing to assimilate
into this country.
And there's nothing being done by the current administration, if they did have an immigration
program, that shows one sign or interest into assimilation.
Therefore, if you do not assimilate people, tribes, animals into a fucking zoo, dude,

(25:34):
what are you going to end up having?
One of us is dying.
Okay?
One of us is going down, okay?
Because we're tribal.
And without hospitals, without roads, cars, jobs, homes, more air conditioning units,
and more policemen, I don't know how you can let 20 million people into a country.

(25:56):
And like you haven't even done anything on language, schooling, where are these schools
going to get built from?
Okay?
And what language are we going to be speaking?
I am really cool with people coming into this country.
Okay?
You manufacture that, look at it over Europe and go, oh, it's happening over the next
year or two, without any assimilation.
And it's the same kind of people that are running the government.

(26:20):
You know where we're going, dude?
We're going to a point where they can look at this and go, I cannot believe you guys
can't get along.
We're going to claim martial law around the world until you guys can get along.
And we're going to put some stuff in, some cameras, and we're going to take everybody's
knives away.
And that's where we're headed to.
And I think we're headed there in the next 90 days, actually.

(26:42):
So if people aren't excited about like getting off their ass and actually doing something,
you're going to get off your ass and have someone tell you what to do.
Where are they going to control this and regulate it?
I told the Bitcoin guys this the first time I showed up I went, you know, there's two
ways to do this.
You either regulate yourself or you get regulated.

(27:02):
And I can assure you, you're not going to like it when someone else is regulating.
So that's over.
Morgan Stanley and Wall Street's now regulating the Bitcoin market.
That's a fact.
And you and I are going to decide how much freedom we do or don't want here by how much
action we take in the next four years.
This is why I supported Trump because Trump is a catalyst disruptor.

(27:26):
He's not a politician.
Dude, he's a player.
He's a fucking player.
And you and I have listened to these news media people that judge him like he's going
to be the Pope.
Well first off, most of the people in the Catholic church that have gotten to the Pope level
seem to have a little stink on it, right?

(27:46):
Because the Pope, oh, any Pope over my duration of Pope heads and Catholicism, if you're the
CEO and there's pedophilia going on, dude, I'm holding you responsible.
Period, dude.
It's on your fucking watch.
And the same goes for the Secret Service.
Eight people should fire themselves.

(28:09):
They committed betrayal by allowing a fucking bullet to get close to Trump.
These are the principles I live by, man.
You're not giving a gun in security and the ability to shoot somebody in the face and
then not take it right up the butt when you fail your job.

(28:31):
And so I just think that they're going to cheat whoever they are, okay?
It's not Biden and Kamala.
Dude, can you imagine?
I can't imagine.
Are you married?
I am, I am.
Ask your wife.
Ask your wife when you go, hey man, how does it feel like that possibly the first female

(28:58):
president of the United States is going to be probably not what you were thinking when
that moment was going to come, right?
I cannot think that you could pick a lower class presentation person as a woman than

(29:19):
Kamala Harris.
I'm struggling coming up with a person that maybe the Kardashians would have been more
excited, but if I'm a woman and I love women, I look at this and go, seriously dude?
Like I'm really cool as a man that trumps the dude because I'm an alpha male.

(29:39):
I'm really cool with being alpha and I'm also cool with not being the alpha.
I'd work for Trump.
I'd work for you if you've got a great idea and you're a good leader.
I stroll, man.
So I think this is going to be brutal, man.
I don't even think the guy makes the two election.
When I made the donation, I was like, they're going to kill him.

(30:03):
So it's probably going to go with nowhere.
Now I did do one thing.
I would like everybody to notice.
I did this donation through Bitcoin.
I could have easily called up Donald Trump a long time ago.
Mr. Trump, my name is Gary Cardone.
I want to have a relationship with you.
I didn't do it that way specifically because I wanted to tell Bitcoin, hey, I actually

(30:25):
think this industry is worth investing in.
And I'm here and I'm relevant.
And two, my message to the Trump and any administration, in fact, anybody interested
in Bitcoin, I think I actually have a very good way of selling this.
And he does not need to understand blockchain.
Like what the speech you heard him say, he met with 15 people one hour before that.

(30:50):
And that's what he said.
He listened to everybody.
Okay, done deal.
You guys get me in.
I'll handle this.
That's the kind of guy.
Yes.
The other thing, if you've not met him in person, you should never judge this guy.
If you have not been in his space within three feet and like I'm five, seven, he's six,
three.

(31:11):
I had a very profound experience with him that I cannot explain, but he is most certainly
not what you see on the camera.
The camera does something to him.
I don't know what it is.
I think it does something to me and most other people too.
But with him, it's remarkable.
It adds some, maybe it's the orange thing, the color.
It adds some almost aggression.

(31:34):
I would have sworn to you and I'm very sensitive human being.
I really pick up on people.
I wouldn't say sensitive, but I do read people pretty well.
I would have thought the guy was six, a five foot 10, not six, three.
No, oh, little guy.

(31:55):
I'm in trouble, little guy.
I mean, I've had that before too.
The Harvard MBA, he's five foot, he's five, eight, I'm five, seven, and he's looking straight
down at me.
That didn't happen here.
I spent enough time with him that he is not an asshole.

(32:15):
Now, he may be a dick sometime, but some of the greatest people I've ever worked for
were not perfect people and they commanded a level of expertise that was spectacular
actually.
On how much we have to do, Elon dumps 75% of Twitter and it's working better than it

(32:39):
did.
I spent some time with Vivek and I reminded Vivek of the McKenzie study.
I think it was McKenzie done in the late 90s when all the oil companies were extremely
bloated.
They came in and said, oh, there's the easiest and most effective way is you toss a coin
in the air, heads, tails.

(33:00):
If it comes up tails, all the odds are even on the social security number.
You just let them go to more money.
Hey, we're having a redundancy program.
Bye.
As soon as I said that to Vivek, you know what he said?
He said, oh my God, dude, that solves a huge problem.
Because he was trying to go for 25 us at night.

(33:21):
You got to go for 50% to 75%.
You have to get the cancer out or at least remove enough of it so you can see what remaining
cancer there is and you have to do it in a non-discriminatory way.
How do you do it?
Social security number.
You hold the other six months, those half people, you're going to just hold them on
some kind of retirement program for six months, guaranteed to pay them.

(33:46):
You haven't saved any money.
All you've done is gotten rid of half your people.
Then you're left with 25% of your people are going to be still problems, but they're going
to stand out like a sore thumb, man.
So you get rid of them based on performance and then you use the call option on the other
half of people and bring them right back into the system.

(34:07):
This is so doable.
Give me education, man.
Give me the highway department.
Give me the DMV.
Give me digital.
You need businessmen running this thing, dude.
We spent $80 billion last year from the federal government on education and you can't get
one.

(34:29):
Find a congressman or senator that will tell you that the rating is a better than a D.
D is an F. Okay?
Find one.
And that congressman or senator should be terminated immediately because that's just
an absolute lie.
This children are not going to schools that are better than a D. I have had congresswomen

(34:52):
say, hey, it's an F. Well, if it's an F, then give me and my rich buddies 10% of it and we'll
build you a fucking school system.
Okay?
8 billion?
8 billion?
I can build anything with 8 billion dollars and I can do it in a really short period of
time, man.
With a leader that says, hey, stay the fuck out of his way.

(35:14):
Okay?
You want to add a regulatory policy?
Cool.
Get rid of four of them.
Okay?
Make everything clear and concise.
Once you take a guy like Trump down the rabbit hole and he understands that we have a window
of technological innovation that allows us to really be in a position to maybe extend

(35:37):
our power hole for another 50 to 100 years.
Not a leapfrogging event for America.
We're not going to have the same control we've had in the last 100 years.
It is slipping unless we take radical action.
I think the radical action is not kinetic as in military weapons and death and destruction.

(36:02):
In fact, if that shit keeps going on, I'm just going to refuse to pay my taxes.
Amen.
I'm going to just go to the Supreme Court and go, I'm sorry, but I think I'm committing
mortal sin by not going to prison because you're taking my money and you're killing
little children with it.

(36:23):
I have nothing against these families.
They did nothing to me.
I don't give a fuck what they did to Israel, dude.
It's not my problem.
We have to quit.
This is not solving anything.
And then we have prisons full of people, full of people doing heinous things, man.

(36:44):
And the streets full of people that have done heinous things.
I don't point my finger at too many people because I'm such an imperfect human being.
When my shit's all cleaned up, I can go intervene, but we're at 186 countries right now with
weapons, ships, Humvees, kinetic power, and cash.

(37:11):
Walk around with bags of cash, buying fucking politics, man.
Seriously.
Okay?
I mean, that is literally what we did.
We walk around with airlines full of cash paying off people.
So I just think that we're at this breaking point.
It feels like the 60s to me, but worse.

(37:34):
And we're at a breaking point, ethically, morally, our global structure, the way these
idiots were trying to set the whole game up, has completely changed in the last two years.
And we're going to have a market that's globalized, but highly fractured, a bunch of trading centers.

(37:57):
By the way, I think this is really much healthier than globalization, much, much healthier.
I was terrified of globalization.
And as long as we have four or five different markets, they can see BDC or whatever they
want to do, but we're going to have choice.
What we can have is one group or five groups pretending to be one group all behaving the

(38:20):
same way.
That we can't have.
So it's going to be a fight, man.
But we've been fighting for this for centuries.
We have more freedom today than we've ever had.
That's a fact.
We have better lives.
I'll take my life over any king that's ever lived outside of the Brits, and I would never

(38:41):
be him.
For what they have, I can't imagine the skeletons in that closet.
So be careful what you pray for.
Whatever you happen to be voting or not voting for this November, it's key to remember that
the most important vote you can make is with your money by saving the value of your time

(39:06):
and energy in the hardest money ever discovered Bitcoin.
But to really make that vote count, you need to keep that Bitcoin safe for the long haul.
So go to bitbox.swiss slash Walker and use the promo code Walker for 5% off the fully
open source.
And only Bitbox O2 hardware wallet.

(39:26):
And get your Bitcoin off the exchange and into your own self custody.
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The Bitbox team is honestly awesome.
I'm really proud to have them as a sponsor.
They build easy to use, secure open source solutions to keep your Bitcoin safe.
And not only is the Bitcoin in your Bitbox safe from government confiscation, but Bitbox
is one of the only two wallets to actually address the dark, skippy vulnerability, which

(39:49):
I talk about in my recent episode with Staticus of Bitbox.
Plus, and I cannot emphasize this enough, the Bitbox O2 is truly easy as hell to use
whether you are brand new to Bitcoin and it's your very first hardware wallet, or you are
a well-seasoned psychopath and you have more than you'd like to admit.
It is Bitcoin only.
And again, it is fully open source.
You can head to their GitHub and verify for yourself there is no need to trust me or to

(40:13):
trust Bitbox.
When you go to bitbox.swiss slash Walker and use the promo code Walker, not only do you
get 5% off, but you also help support this fucking podcast.
So thank you.
Man, I got to say, that was a, you're very easy to interview, you know that, right?
Because you just, you just roll.

(40:34):
I love it.
And you know, I've got a, there's a lot to unpack there.
One thing that stuck out at me was just on the immigration side of things because so
my, my wife, who you got a chance to meet at the conference, she was on MC and with me,
we're not just a stage couple.
We're a real husband and wife with our little boy now.

(40:55):
But so her, her father defected from communism, came over here to America, worked his ass
off her, her and her mom came over as well after the fall and took them 13 years to become
citizens all the while paying their taxes, busting their asses, you know, learning the

(41:17):
language.
So, you know, you'd never know my wife was born in a different country because she speaks
better English and has a better vocabulary than, you know, the vast majority of people.
But I talked to them now, just about everything that's, that's going on.
And when they see folks just streaming across the border, obviously they have no problem
with immigration.
I don't think you do either.

(41:38):
People immigration that is done according to, you know, how everybody else who's come
over here has done it, which is in a, in a legal and orderly way.
And now the fact that it's a slap in the face basically to everybody who, who did things
quote the right way, they look at this as just the ultimate insult that you would make

(41:59):
them toil for 13 years and they were happy to do it because they believed in the American
dream and that was what brought them over here from communism.
And there's a reason that, you know, people never flee to communism.
They always flee from communism.
It's because communism fucking sucks and is responsible for untold millions of deaths,
deaths throughout just the last century, which is insane that there's still some neo-Marxist

(42:25):
think boys and think girls that somehow think that Marx just, Marx is still a genius.
We just got it wrong in the implementation phase every single time.
But the reality is that it's just a, it's a failed system.
And this, this idea that on the immigration side that we should just basically break down
all the, the actual barriers we have to folks coming in here, which aren't barriers.

(42:49):
They're just, there are ways that you need to come in.
Cause otherwise if you don't have borders on a nation, well, then you better not have
taxes either because this is just ridiculous.
And you know, I know there's a lot of folks out there that, you know, want there to be
the kind of some open border, a complete free for all world.
And while I'm, you know, not the biggest fan of the state telling me what to do when

(43:12):
I am paying money to the state for certain basic things like securing a border, I want
them to actually do that.
The only purpose that the state has in my mind is to enforce the law.
The purpose of the law is to organize for the collective defense of my private property
because otherwise we would all be defending our property independently.

(43:34):
Now the modern state has perverted, become perverted, perverted the law.
And now those very same states that are supposed to protect the private property of the individual
citizens are the ones doing the plundering.
They're the ones doing the stealing.
They're the ones robbing their citizens and then letting anybody they want in without
any sort of checks and balances on that process.

(43:55):
So I find it just rather absurd because the argument always gets twisted.
You know, people might listen to what you just said and say, oh, you're against immigration,
Gary.
No, just against, and I don't want to put words in your mouth, but I'm guessing just
against 20 some million people coming over illegally with absolutely no system in place
to handle that.
You know, legal immigrants built this country continue to, I'm sure you're a battalion descent.

(44:22):
Your ancestors coming over, busting their asses their whole lives.
But I think also, you know, there has been a lot of illegal immigration here.
I have someone that works for me that came over when she was 15 and she's legal now.
Imagine by yourself at 15, how old bad life must be.

(44:44):
I've known this lady.
She's worked for me for 15 years, 17 years.
Her son goes to private school.
Her sons met Vivek.
Her entire legacy has changed because she came here, got cleaned up, did it right, found
a guy like me to support her, found a husband, right?

(45:08):
My grandfather was probably an illegal.
I don't really have a problem with coming over illegal.
I think some people are going need to come somewhere and claim, hey, I'm in trouble.
I like it, dude, if I'm in survival, like I just did a post the other day and Grant called
me up and said, hey, take that down, dude.

(45:29):
It's going to haunt you.
I never delete things, but it's basically going, hey, look, I would commit a crime if
it's up to me and my family.
Like, if I got to take care of my family, I'm going to steal an orange.
And so I appreciate people can take it out of context, but I do believe that if someone

(45:51):
is migrating or immigrating legal or illegally to Germany and there's no hospitals and there's
no food and there's no jobs, it's illegal to have a job.
Or you wonder why they short-knife people in bus stations because they're fucking angry,
dude, scared and angry.
But what we're doing right now, this isn't, this is being coordinated.

(46:20):
This is not, and how do you know?
There's no interest in assimilation.
See, I tend to look at things very differently.
I always have, I don't know why, but I don't really look like, I talk about Bitcoin so
little.
This is a total Bitcoin conversation for me.
This explains to me why this thing will be at a price that is beyond anyone's imagination.

(46:46):
Because it should be.
It's doing something that the American humans have never experienced, right?
Something that's truly finite.
These people coming over here, like, we can't, you're going to have to, like, I agree with
Trump, hey, send him back to it.

(47:07):
That's what we need to do, okay?
And if a state has a particular idea on this, and they have the resources to take care of
all these people, for goodness sakes, put your hand up, okay?
And maybe California.
They're running everybody out.
Everything's going to be free.
So maybe California just becomes the new state for the new peeps.

(47:30):
And we'll be able to fence around California and we'll just, like, let them figure it out.
The other issue with the assimilation issue that people are conflating is you can't say
it's only two, three, four, five, 8%.
In London it's 8%, or in the UK it's 8% of this migration that happened without any assimilation.

(47:52):
That's what we should be talking to, calling it.
Immigration or migration without assimilation.
See, we should stablecoin.
There's no such thing as a fucking stablecoin.
That's a lie.
Made up by Wall Street.
Real world assets.
Really.
This is real, okay?
But this is not real.

(48:13):
And this is real.
But everything else, everything else here is like real.
My house, I'm sitting in a $14 million house.
It's a piece of paper.
I own the piece of paper.
I just hang out in the house from time to time.
Right?
I'm already a derivative and gonna put my house on the blockchain like it.

(48:35):
It's not a, blockchain is this real world asset is the piece of paper and the debt I
own this house.
And Bitcoin is far superior, more superior to this piece of paper.
It's more liquid.
There's so, anyway, we get confused with all these words.
My point is Bitcoin is just as good as what I have right now unless not create a new term

(48:57):
to go, well, in the real world, how much cash you got in your pocket?
We're so far away from the real world, man.
So I'm just challenging people on this immigration thing as it is such a massive issue.
Immigration and migration.
Ask yourself, why isn't there any attempted assimilation that's been going on for eight

(49:20):
years now?
And two, what could possibly be the agenda?
And I think the agenda is, hey, it would be really cool to have, I mean, I think people
didn't really compete COVID-19 and they didn't compete the assassination of Donald Trump.
And I think both of those were the same result.

(49:41):
So maybe martial law lockdown because people are shooting each other, knifing each other
in Germany.
And they trust each other because there's no assimilation or even attempted assimilation.
No interest in even talking the same language, man.
I build a case that whoever's running this fucking scam is trying to get us all to stay

(50:06):
indoors again.
It's about the only thing they can do without releasing a poison and killing a bunch of people.
It's frightening right now, man.
It is.
Well, and I think a lot of people right now too feel this just generalized anxiety, this
kind of dread, this maybe it gets to the point where they start feeling kind of nihilistic

(50:30):
and hopeless because it's like, man, everything is so damn fucked.
And it doesn't feel like it's going to get better.
And nobody seems to actually be doing anything or caring.
And then I go around Bitcoiners and I talk to a lot of Bitcoiners both through the show
and then in the physical world as well.
And there's a lot of hope.

(50:52):
There's a lot of optimism.
There is a lot of excitement about the future.
And it could not be more opposite than most of the doom and gloom that most people seem
to be spewing out.
And I mean, so I've listened to a decent amount that you've said on Bitcoin.

(51:14):
And I think you have a really nice way of putting things very simply.
And one thing you said, I heard you say recently is that Bitcoin is not complicated.
People want to complicate it.
They want to obscure it.
Can you talk a little bit about just kind of why you think that is like, because a lot
of people would say, well, Bitcoin is really complex.
I don't understand it.

(51:34):
What the heck is this?
I need to go and read and study.
And I still don't understand it after all this.
I don't know what's going on.
How is Bitcoin simple to you?
Well, I mean, if you just look at it, I mean, let me say it this way.
My experience with Bitcoin is it's very simple.

(51:55):
There's 21 million units.
19.6 have been issued and they're floating around the market, whether they're really
floating in the market or whether they're in a wallet somewhere, that's a little different.
But there's about a million and a half coins that are truly floating and making the market
every day.

(52:17):
I've been trading commodities since I was 21 years old.
And luckily for me, the most violent commodities in the world, NET gas and electricity.
So the first thing I noticed, you all talked about how volatile this was.
And I'm like, what?
You guys think this is violent?
I can show you this shit happens like within a month.

(52:39):
Okay.
I mean, extreme.
I don't know anyone that hasn't lost half a billion dollars in energy.
If you've been a player in the energy space, I guarantee you lost half a billion dollars.
Trading some fucking position.
I can most certainly say I have, maybe not half a billion, but a lot.

(52:59):
So I've never seen a commodity, crude oil NET gas, diamonds, securities.
These aren't commodity, but barrels of oil, right?
I've never seen one of those things that had an absolute limit on it.
The limit I'm most interested in without spending two hours talking about how this volume was

(53:24):
released, it was released in a very, very different way also.
It was front-enloaded where the first 12 million came out in a chunk at a really low price.
I think the guy actually knew what he was doing, but that's a different discussion,
right?
So if you have 19-6 that had been issued and they're floating around in the market, you

(53:48):
only have about two million left, and that two million gets produced for lack of a better
word.
I'm not going to use the whining word because it's a horrible term, but when that gets released
in the market, that'll be 130 years.
So it's not really massively significant except on the very margin.
The problem is all pricing on commodities are made up on the margin.

(54:13):
So you can't just throw that out and go, well, it's only a million and a half out there.
Literally the price at $59.306 right now is being made up about.1 Bitcoin.
And that whole day will make a bunch of transactions.
This would be a very easy market to move around price-wise.
It's still very thin, but when I see something, and let me give you the other side of that,

(54:39):
$400 crude oil.
I know people that will find how to scratch oil out of gravel and make $400 work.
Did I just lose you by chance?
Oh, no, it's still good.
Okay.
Natural gas, is it $2?
$1.36, I started my career in 81 or two.

(55:02):
It was $7.63.
Less than $2 today, dude.
We have more in that gas than we've ever had before.
And more importantly, we found all this innovation, not at $100, but we found it at $10, $20,
and $30 crude oil.
Innovation happens under pressure.
It doesn't happen when Google's making humongous amounts of money.

(55:27):
And all they did, like actually go look at those companies, all they did was buy everything.
Anything that moved or anything that could threaten them, they bought.
They didn't innovate anything.
It really pisses me off because I've been innovating shit my whole life.
I didn't know you could just go buy everything and claim to be king.
Nonetheless, different ramp.

(55:50):
So if I have a supply that is fixed and I can't accelerate it, if it's $10 million, there
is no way to go produce enough mining to make Bitcoin accelerate.
Now that changes everything because the housing market, if my house goes from X million to

(56:12):
400 million, it's probably a problem there, right?
If you take prices to $400 million, a square foot, I'm pretty sure there's going to be
a lot of houses built, right?
So anytime that you can dilute the supply, NVIDIA has a 25-year history.

(56:38):
The AI company, they make machines.
Companies like this never got these kind of multiples.
A lot of things are changing right now, dude.
They are a hardware company getting a multiple of a super software company.
They're a total monopoly at this point.
They have 86% of the market making humongous margins.

(57:00):
It took them 25 years.
Bitcoin's 15 years old.
Bitcoin is a pure monopoly.
One of a kind.
Never going to see another one like it without any antitrust issues.
There's nobody, no DOJ.
Okay, NVIDIA already has letters from the DOJ.
Guarantee.
Okay, if they don't already have the letters, they're getting letters, right?

(57:23):
There's already action being taken.
This thing that happened with Facebook and the government, these companies are going
to fucking torn apart, dude.
They should, okay?
If we have a proper government, all of these companies should be ripped into pieces.
They have literally betrayed every American citizen's modicum of hope, of fairness.

(57:48):
Okay?
And then you got all these regulators enforcing clear and concise.
There'll be lawsuits forever now.
Well, I have to do clear and concise and yet you're letting Google not tell me that the
CIA is looking at my fucking data.
I didn't know.
You're a shareholder of meta, dude.
How do you feel about holding shares and you go to the quarterly meeting and Mark didn't

(58:12):
tell you, hey, by the way, we are now servants of the US government and we're making a bunch
of money.
If a shareholder didn't know that, anyway, so this is the problem, right?
I think what everyone has to understand within 10 hours, I can get you to Bitcoin.

(58:35):
The next 11 to probably 50 hours is you have to confront that you have no fucking clue
what industry, how your market works, how your money works, or the treadmill you are
on and why 98% of the people die without anything in this country, die without anything.

(59:00):
And then it takes you down, if you have any sensitivity whatsoever, you begin to become
very interested in how bad the situation is.
And that we are, once you see this, you become complicit in the scam that's been going on.
And this is why people get so almost religious around Bitcoin.

(59:22):
And by the way, I gotta tell you, it's an attribute to me that I value because every
religion I have been in and I have been investigated a number of them, they've all fucking left
me with a bad taste in my mouth.
The very worst, like a bad taste in my mouth, right?

(59:43):
I'm not saying that they didn't help me.
There were things that, and there are things in some of those groups that I value even
today, but they left me wanting something more because all I gotta do is look around
and go, hey, this religion is not helping anybody.
I don't see anybody getting help.

(01:00:03):
The big, if I do what the Bible says and look at the fruit that falls from the tree, it's
just a bunch of rotten shit.
So we have to remake this and I get really excited about you and I, Walker, would not
have met.
I would never have met you talking about Nat Gas, power trading, electricity.

(01:00:25):
Most often, wouldn't have been interested in it.
Or payments.
We might run into each other trying to better ourselves, perhaps, but Bitcoin is bringing
me in contact with some of the most brilliant people and more importantly, some of the nicest
people with the best ethics, not the perfect ethics, but with some of the best ethics I

(01:00:51):
have seen in 40 years and five different industries on three continents.
So it is really exciting.
And then I see, I hold parties three or four times a year and I keep getting more and more
outrageous on these parties, but it's like natural gas traders to Bitcoin miners to degen

(01:01:13):
complete like gamblers of crypto to bankers, lawyers, media people and fucking people like
each other, man.
There's no fights.
I have four or five security here.
They're like, your parties are always really weird.

(01:01:34):
Nobody's like jacking up with each other and there's never a problem and they go on forever.
So I have met 72-year-old investment bankers and then 25-year-old Sam, right?
That's how I met Sam through one of these parties, 26 years old.

(01:02:00):
Most people are a little envious of me because I have, for most of my life, my work has been
my hobby.
And I just get excited.
I wouldn't want to compete with me because most people go to work and they're like going
to work.
I go to work.
I'm like, my God, hell, dude, let's go.

(01:02:23):
I'm really hit a single man, right?
And it's just a very, like, this is why I've always been able to go up against these big
monster visas and MasterCard because I'm like, dude, six o'clock, you guys are all checking
out what's on the movie at $22 that you can buy in the overpriced hotel that visas paying

(01:02:45):
you for it.
Six o'clock, dude, they're already thinking about it.
Shit, six o'clock, I'm probably taking a shower trying to have dinner with you and
your wife and then figure out who I'm a gamble with at one o'clock to get it as a client,
right?
To me, my message is this is an awesome opportunity in a historical load of shitstorm and is these

(01:03:11):
moments that history is written about.
And they're going to write it about somebody and about something.
You and I just happen to be standing right in the page when it's happening.
So like, I ain't sitting on the sidelines for this, man.
This is exciting, dude.
Right?
There's going to be a few more Joe Rogans.

(01:03:31):
There's going to be business people that pop up out of this.
We have billionaires in Bitcoin that nobody knows about, that if they get around the right
people and I think they will, these are some old people too, right?
They're really quiet.
They don't want anybody to know about.
But like, see, I'm going to pound on them forever, okay?
I will sell every Bitcoin I ever own, okay?

(01:03:54):
And I will invest every dollar back into the industry that helps the world the most.
I'm not going to die with a bunch of money.
Do these rich people die with yachts and shit?
That narcissism is ridiculous.
We should be, I want to make a shitload of money so I can change shit.
You know, if you make, if you've got a billion dollars, you get a meeting with anyone then,

(01:04:16):
okay?
You watch, I want to walk into the government.
I don't think many people have done this before, but I want to walk into the next administration
and go, hey, we're taking half the fucking federal budget, dude.
Okay?
If I can get rid of half the budget, do me and my boys get to keep a piece?
If we don't, you can keep my money.

(01:04:38):
I mean, like, there's money now.
I can go to the government and go, hey, I'll put a bond up, dude.
How about this?
You give me 10% of the federal budget and if I fail to measure in the most highest
quartile, say top 10% quartile of the other $80 billion you spent, which you can't possibly

(01:05:00):
even measure, me and my buddies would just give you the money back.
You can draw on the bond while our Bitcoin are just growing and they can just take it
from us.
I don't know anyone.
First off, you're putting the government in a position they can't say no, right?
Because they're going to go, well, the credit exposure, hey, you have $80 billion out to

(01:05:21):
people, there's a 100% credit exposure.
These are billionaires, man.
And it's a test, by the way.
Well, you get four, five, six.
See, if we start getting some of these billionaires off the med and like into like Bill Gates
can give money away, they need leadership.

(01:05:44):
Without the leadership, the money gets wasted, man.
And then you have some guy like Gates that, you know, start synthetic mosquitoes.
And I mean, we're playing with shit that, well, I'll just say one last thing.
And that is, I think I also feel guilty.
And sadly, I'm going to have to incorporate you for the sins of your parents because we

(01:06:08):
got very quiet, man.
You know, my generation and everything that came out after it got soft, I am soft.
If we go into military conflict, I'm not going to be the guy leading the way.
Okay, I'm not manned up enough.
I'm not sure that this country is manned up enough.

(01:06:29):
But sadly, rightly or wrongly, it is your generation.
And hopefully you end up with a few old guys that can go, hey, man, I do it this way.
I might want to move that.
You don't want to waste that energy.
Some strategists, you guys are going to either fix this shit or you're not.
And that's why I say it's 12 years.
And that's why I like Trump.

(01:06:50):
Then by that, by that, we're not going to be a white country forever, guys.
Okay, the numbers don't match up.
England's going to be a dark country before we are.
But and I'm not dark or white.
I don't care.
Like as long as we all believe in the same thing, right?
Like what are we agreeing on?

(01:07:10):
What's our constitution?
The cool thing about Bitcoin is I don't have to argue with anyone, although sometimes it's
very difficult.
I don't have to argue with anyone in Bitcoin around what the ethos is.
Okay, you might argue over the block and the the far king.
But on the main whole thing, we agree.

(01:07:34):
Bitcoin's not dilutive.
You know, we might probably disagree that it's not going to be as anonymous as you
guys thought it was going to be.
Most definitely the white paper didn't say anything about being able to commit crimes.
Okay, between peers to escape order.
And sometimes I hear Bitcoin people saying that shit.

(01:07:55):
Okay, so when when you think about, hey, look, no, no, no, you can't you can't be the king
of the world, man, and have people doing shit.
And it's illegal and everybody knows it's illegal and it's being allowed.
You know what I'm saying?
It's just sometimes, oh, that's my freedom.
You don't have any right to that.
Yeah, dude, they're they're they're exchanging children.

(01:08:18):
There's a four year old involved here.
Okay, or a 12 year old or it's kidneys or who knows what it is.
You can't everything can't be anonymous.
I mean, it's not that's not even it's not even logical, much less to think we're going
to digitize this planet like it or not.
You're going to live on an island.

(01:08:39):
This is the way the Bitcoiners do it.
Hey, I'm going down Salvador, cool to go.
But I work too hard to make too much money.
I don't want to live in El Salvador.
I want AC.
I want 5G, 6G, 7G.
Hopefully it's not hurting me too much.
And most certainly don't want to get rained in.

(01:09:00):
Right.
And I can't get out.
It's just for me is like, this is a great country to have to go to a third world country
to enjoy my Bitcoin.
I don't know.
It's a little weird to me.
That's the thing.
You know, I think and I've been to El Salvador a couple of times.
I very much enjoyed and I think the people there have a lot of hope right now and a lot

(01:09:23):
of pride in what they're building because they they had a literal boot on their neck
for a long time and and Bukele has turned that around and people may not like his methods,
but all the people have spoken to.
This is the only way you handle this shit.
Yeah, there's no let me be sweet about this.
No, the gangs don't didn't care.

(01:09:43):
You know, they were killing people literally every day.
It was the murder capital of the world.
But you know, that said, I like El Salvador very much.
I love America.
Like I really do.
I am proud to be an American.
I don't love our government, but I don't have to because America is not the government.
If every country is its government, well, then, you know, then we're all fucked, but

(01:10:07):
it's not the country is the people and it's the ideas and it is the the let's say, I mean,
no, it's the idea of it.
It's the Constitution, right?
It's the fact that we have certain things that have been put in place in this country
that did not exist before.
And yeah, they were built on the building blocks of other great ideas that hadn't really been

(01:10:30):
put into practice very well.
But America, you know, you don't have to like the government, but you can be really proud
to be an American and be really proud of the incredible amount of innovation and prosperity
that this country has created in a very short time, a very short time, a couple hundred

(01:10:51):
years.
And we've, of course, made a lot of mistakes and our government has certainly made a lot
of mistakes, but the government's people too.
You know, it's that's just it's made up of people as well.
And I don't know, my point being that I think I have a lot of hope in the future of this
country because I see a lot of folks, folks like you, folks that I've met through Bitcoin

(01:11:13):
that genuinely care about this country and acknowledge that what our government and various
super national organizations that are operating out of the US like the World Bank and the IMF,
what they have done is criminal.
And there's monetary colonialism happening through the IMF and the World Bank.
And there's also the nonstop war machine needing to be fed with the blood of innocents paid

(01:11:37):
for by yours and my tax dollars, which is disgusting.
And I agree with what you said earlier.
It's I'm I want to stop that war machine from spending our money to kill people all around
the world that I have no beef with.
I have no interest in that happening.
And I think that a lot of people are getting to that point if they weren't already, they

(01:12:00):
don't want to see that war.
And that's the beautiful thing about Bitcoin, too, is that you've got a money that is as
real as it can be, as any money can be.
Because what the what the fuck is the US dollar, right?
Is that real, you know, real money, you know, versus this magic internet money that we have
as Bitcoin?
No, of course not.
The dollar is a fiat instrument.

(01:12:21):
It's a debt based credit based instrument that is printed out of thin air by a group
of unelected bankers.
Like, that's what it is.
Then you've got Bitcoin, which is the fairest and actually fair, truly fair, because it's
based on your work, your proof of work.
That's beautiful.

(01:12:42):
You can't enforce it with violence.
You can only enforce it with work.
And I think that that changes the paradigm.
And I think for the folks that I see involved in Bitcoin, it, you know, you don't change
Bitcoin, Bitcoin changes you, right?
You see a shift in people's mentality when they realize that there is a hope for the
future because Bitcoin exists.
And I think that's a powerful thing.

(01:13:03):
And again, we're going through a lot of shit right now.
I agree the next next few years and the next 10 to 20 years, things might get real dicey
for a while.
But I think we've got a lot of good, really, truly good people who are working their asses
off to try and build something better out of these ashes.

(01:13:24):
And that's what gives me hope, you know, it's, and that's not just for America.
It's the whole world over.
Like people are sick of having these kleptocratic old bureaucrats steal from them and pretend
like they're living in a democracy that's really just, I don't know, I didn't, I didn't
vote for any of these wars.
No one in the US didn't even vote for the wars.

(01:13:46):
They're supposed to.
They didn't.
Yeah, you know, you made a comment earlier, you were like, Hey, communism has killed hundreds
of millions of people.
I was going to just throw one of those in there.
I said, Hey, I think if you did the accurate analysis, the United States will go down as
the biggest genocide killing machine ever in the history of any kind.

(01:14:12):
I mean, if you look at the first order and second order and third order, yeah, this is
why this is why I say, Hey, bitcoins were really simple.
I don't think it's simple the way you explain it.
But because because you're you're dropping it in from a big macro picture, you're right.
But for the user, first, what I have to do with the user when they go, Hey, look, how

(01:14:37):
do you know?
Look, I think that it was, I think that I will hold some people responsible in the crypto
industry for actually not educating me properly and it cost me a billion dollars.
The way I would sell this, and this is was the thing I was running around going, Hey,
man, power goes, you know, Bitcoin's problem.

(01:14:59):
Now, I just got stuck in that little thing.
People have ability to get really stuck.
That's why you've noticed every now and then I go, Hey, man, cannot just pull that back
and ask your question.
I'm walking around for two years at $300 Bitcoin going, Hey, if power goes out, fucking, then
I'm done.
All someone had to say and I come out of the power industry.

(01:15:21):
So this is how crazy your brain can be.
Okay.
Like you can actually go, I don't think I really want to know and you just latch on to the heaviest
reason not to know.
If someone would just looked at me went, Yeah, bro, your visa card is not going to be worth
anything or your phone or your cash at or telegram or syngram or whatever.

(01:15:43):
Graham, that's all I needed somebody to say.
Dude, I just break my circuit, right?
What could possibly happen?
When we get into this whole digital thing, I just ask people to reach into the pocket
show me their money.
They're already digitized.
Okay.
The difference is they're paying visa three and a half percent.

(01:16:05):
I know crypto people that go to the ATM.
I think they're idiots.
I'm telling you, I know you guys know who I'm talking about.
I'm telling you, I just didn't have the, I couldn't say it to your face.
You're a fucking idiot.
I know rich people that go to the ATM three and a half percent.
I carry cash with me, man.

(01:16:25):
This is the probe, the problem.
Okay.
This is, I don't know how much this is.
This ways maybe, I don't know.
Let me get back to my drug days.
Maybe.4 ounces.
Okay.
Maybe an ounce, nothing.
He's nothing.
Okay.
I mean, one $100 bill weighs less than a credit card.

(01:16:46):
Then you have your credit cards in your pocket, but nobody carries this.
Somebody should ask why.
I go, I've never been to an ATM.
I go to a big bank.
I go, I need 50 grand, stick it in my vault and I have cash all the time.
I don't go anywhere without some emergency money.
But I'm not going to carry $50 million with a Bitcoin.

(01:17:07):
Okay.
This is the other thing, the insanity, what we say here.
Gary, you're not a proper Bitcoin.
Even though you're allocated 86.3% of all your liquid net worth, that's just not enough
for us.
We need you to self-custody.
And it's like, yeah, what if it's too much?
Because I don't carry $50 million cash with me.

(01:17:30):
Right?
I need that much and it becomes problematic.
So I just try to remind everybody, hey, you're already on digital.
Wouldn't you like something that is easier to use?
And most certainly Bitcoin is easier to use and then I can just send them something.
Here's 50 bucks, bro.

(01:17:51):
This is the easiest way to get people in a Bitcoin.
Give them a gift.
Okay.
Then send them a book.
Quit asking someone.
This is what the Bitcoiners do because you don't know shit about marketing or sales.
You go to people, you should.
You should not do anything except, can I give you a gift, please?

(01:18:12):
If you give me your address, can I send you something?
I need an email address or a phone number and I need a physical address so I can send
you a book.
And don't ask them to go buy the book from Amazon.
Fuck you, you idiot.
Like you're literally going, hey, before you showed up, this guy had not even thought of

(01:18:33):
Bitcoin.
Now you're telling him what he should do and you gave him two jobs.
And then your third job's going to be, by the way, learn everything you can about self-custody,
man.
Well, then he's going to just want to turn around, take his Glock and shoot you in the
legs and he'll never talk about Bitcoin again.
But this is our introduction to Bitcoin prior to January of this year.

(01:18:57):
And it's all changed now.
And I'm probably being more outspoken about it now because we have to stop this.
It's not been a good sales program and I know I'm making fun of it.
But if you listen to the way I'm saying it's like, whoa, he does have a point.
Gary, do you have your seed phrases on the middle?
I can send you some metal tomorrow.

(01:19:19):
Me and my brother are like, what are these people fucking talking about?
Right?
I'm going to put all my Bitcoin in the hole in the ground.
This is what people were doing in gold 20 years ago.
So it's going to be up to you and me whether Armageddon happens and whether Bitcoin's trading

(01:19:41):
at 69, 304 million.
Bitcoin's not solving that problem.
It's you and me, dude.
If there's a bunch of rich Bitcoin people here that I would like to talk to, it would
be all you rich guys.
You might want to come back home and actually make a contribution here.
I'm so sick and tired of hearing you griping and bitching.
Fucking bring your 30,000 coins back that you picked up at 300 bucks.

(01:20:05):
I have a solution that I'll help you with the taxes.
Okay?
If that's what's stopping you from coming, you cheat bitch, come back here and help me
and some other people fix this problem.
And that to me is going to be more rewarding than being one of the whales.
We have enough Mark Zuckerbergs, man.

(01:20:29):
Guys that talk about climate and talk about freedom and social networking, and then we
find, oh, well, he's really working for the CIA and the FBI and he's getting paid for.
Enormous amounts of money.
So I just, I think my hope is in one of the reasons I'm doing this kind of stuff right

(01:20:49):
here is censorship.
If we are censored, we're done.
We're toast.
The moment you see me cancel, you guys should start really like, I have not said anything
incendiary.
I'm being very honest, walking straight down the light, nice little line, pushing the envelope
as often as possible without being rude.

(01:21:11):
There's no reason for me to be expelled.
I have zero red flags in my entire lifetime.
A closet is so fucking clean, you can come and look at it tomorrow morning.
So it puts me in a really, really cool position other than getting sent to prison or something
or me not being around my kids.
We are going to have to make some sacrifices here.

(01:21:34):
We are.
Okay.
People that are migrating here, that ain't no fun walked.
Right?
Like, let's not be like, oh, wow, look at them.
They're the enemy.
They just walked 3000 miles or whatever they did.
They probably got raped shit.
They pissing in a truck with 40 other people pissing.
I mean, that journey had to be painful, man.

(01:21:56):
We need to have some empathy for people right now.
Real understanding, this is a global issue now.
We have an out of control 1000 or 10,000 people that are totally out of control.
They have no metrics and they've run this fucking thing into the ground.

(01:22:17):
I've built seven different businesses and I've never had an investor that allowed me
to just fucking spend money and accomplish nothing ever.
Mentally they asked me to show up for a quarterly meeting.
Mentally they have oversight on me.
I have a board.
I have governance.
I have my responsibility levels and I don't breach them.

(01:22:39):
You wonder why we're here?
Because we have allowed the government to run fucking rampant.
I mean, absolutely rampant and they're making money off of this.
They have gone total criminal.
You gave them some cheese and they became, you know, you could put as much sweets in
my house as possible.
I am never going to become obese.

(01:23:00):
It's not my deal.
You stick maybe stick a bunch of drugs there and like maybe that becomes my problem, but
I am not going to become a slob and just constantly and I will never do drugs so much that it
would impact my life.
I would hope not anyway.
I'm trying to acknowledge that everyone has weaknesses.

(01:23:21):
This group of people, there is no way a guy like me survives in that group.
Y'all understand that right?
Like I am never going to be invited to that club because the first time guys see that's
an animal, a criminal, I'm going to call it out and they're going to block me out.
They push everyone out.
So if you're in politics and you've been here three or four years and you've seen what's

(01:23:44):
going on and you're still there, you're the enemy dude.
Okay.
If you're still there, you're the enemy.
If you're not communicating as openly and as transparently as me about truths that other
people need to hear and you're sitting there going, whoa, hadn't heard that one in a long
time.
That's real.
You're part of the problem.
Okay.

(01:24:04):
Like Elon can't do all this shit dude.
What happens when Elon, they're going to kill Elon.
Okay.
So we continue to say this, digital is smashing into analog and there will not be two survivors.

(01:24:26):
So, this includes Excel spreadsheets.
Yes, it does.
And any company that thinks like Excel spreadsheets.
Okay.
Finance teams are going to completely change in the way they measure.

(01:24:48):
Because we're going to be able to measure everything.
Look at what Elon, everybody in the next four years is going to be like, oh, you can't do
this, you can't do that.
Really.
Well, give me one example in the entire history of the United States where a problem, there

(01:25:11):
was a problem and the people that the problem was created to under solve the problem.
No way.
See, you can't have too much to lose.
That's why cannibalism is really rare.
Because it's really hard to bite your leg off, right?
It's really hard to go, oh, I'm Facebook.
I am making so much money illegally.

(01:25:32):
I'm going to chew my leg off.
I'm not going to do that anymore.
I'm going to walk into the analyst tomorrow morning and tell him, hey, we're readjusting
our next quarter from $4 trillion to $1.
And the market will destroy that company in the morning.
So every construct we have is bad.

(01:25:53):
You have companies trying to build for the next 50 years and they're having to report
on quarterly earnings.
So what do they do?
They lie, man.
Because it's impossible to do.
It's impossible to build a, and the Chinese are working on 100 to 500 year cycles.
So we will all be serving to the Chinese no matter what they do because we're going to

(01:26:14):
fuck it up.
And we're 5% of the entire world's population, right?
That's it, and we use 25% of all the energy.
And we have a chance, man.
This is a very cool chance if I'm myopic and American.
This is a very cool chance for America to actually extend its dominance.

(01:26:36):
I'm not sure it deserves, quite frankly.
Dominance because you're a bully, I would knock you out if you were in my school.
I would absolutely knock you out.
Or I'd go to the hospital trying to knock you out.
And that's what I have learned about bullies.
And this will be the last thing I say unless you want to ask me another question.

(01:26:57):
But I think the way we treat this current system is exactly like a bully.
And you either shine the light on them or you punch them in the face.
That's all they respond to.
And you're getting ready to see every faction, every division of this parasitic vampire group

(01:27:18):
that are all unwinding.
From Hollywood to media to agreements that were made between NATO and Europe, Jewish
and US, and every other fucking construct that happened before 2020.
Any agreement before 2020, I think, is completely up for restructuring, reform, or just complete

(01:27:41):
fuck off.
We're not doing this anymore.
It's like a marriage.
There are a lot of multitudes of marriages that have been agreed on for two, three,
four decades.
The petrodollar, all these agreements do.
Gone.
Bye-bye.
They're not productive.

(01:28:01):
That's why I start with the stone wheel being launched into, can you imagine, the Flintstone
car showing up on an LA highway?
Well, that's my stupid analogy of going, yeah, there's not going to be a Range Rover with
a Geary Cardone behind it in three or four years when everything else is a robot.

(01:28:28):
We go digital or we don't.
You're not going to go half digital because digital is AI.
And we're going to go all AI.
Whatever the government shit we're talking about, it all gets solved by AI.
You want to see people freak out.
Government's going to be run by AI in 12 years.
You think so?
I think it should be because the problems we have right now are human error.

(01:28:55):
Narcissism, psychosis, greed, envy, it's come on, man.
But it becomes a question of who is the one writing the AI, right?
Yeah.
Now, see, here we go again with the electricity thing.
Who's writing Nancy Pelosi?

(01:29:15):
You don't know.
You don't know, man.
You do for certain, you know that Biden and Kamala, whatever her name is, they're not
running it, right?
So you don't even know who's running it right now anyway.
Fair enough.
That's why I said it takes a long time to confront because it's so easy to go, oh, it's

(01:29:37):
them.
No, it's me.
It's me.
I fix this or I don't fix this.
You fix this right now or we don't fix it.
And this does break, okay?
Like there is a point where it just breaks and I think we're, I would rather force the
break.
See, see, I think we're, we would do really well to go, hey, let's go accelerate this

(01:29:59):
shit right now.
If I'm Trump, I actually have the next day I go, hey, man, let me, everybody needs to
sit down, pour a drink, get a mineral water, do something.
This is not going to be a fun meeting.
We got a lot of shit to do.
And I think actually that'd bring the country together.

(01:30:20):
We have a job, man.
Let's go clean this mess up.
We don't need to blame any.
Now, I don't think Trump can do that part, not the blaming thing, but if we just approach
this from, okay, we have a massive job to do.
Now if you don't, if you're not willing to get rid of the criminals in the, in the, in
the government, then this game over, man.

(01:30:41):
Well, I mean, that's the thing.
We have a system where nothing is allowed to fail.
The big banks aren't allowed to fail.
Everything is backstopped.
As you said, though, you know, the big players, nobody goes to jail.
They pay a small fine that is peanuts to them, but nothing really changes because there are

(01:31:02):
no real consequences for misbehavior.
There's no one is held accountable for any of this, except ultimately that, you know,
you know, the taxpayer at the end of the day and, and everyone who is having their value
of their dollar destroyed by the debasement that is required to keep this machine running.
And that's actually, you got time for one more, one more.

(01:31:25):
So one thing I wanted to ask you about, because you know, you brought up just AI and this
side, you know, zooming out from that a little bit, like obviously AI is already impacting
the way that it should be impacting the way every business does many things.
It's going to be, it's already saving people a ton of time across little things, right?

(01:31:46):
And people are like, Oh, wow, this is amazing.
It's going to get, that's going to accelerate and pick up and keep going.
The thing is we've got a, a system that is based on the need to keep inflating the currency,
this fiat system coming up against the most deflationary technological force that has probably
ever existed.

(01:32:07):
Like, you know, Jeff Booth talks about this extensively, but technology is naturally deflationary,
right?
Everything should be getting cheaper.
It should be, but it's getting more expensive.
Why?
Because while we keep debasing the currency constantly, but what happens when you have
this system that needs to keep inflating so that it doesn't default, like our interest

(01:32:29):
payments on the, on the debt, what, 35.2 trillion in debt, interest payments are more than the
defense budget right now, this system needs to keep inflating or collapses.
But what happens when you have massive deflationary headwinds brought by technology that even
start to outstrip inflation?
What does that look like as those things collide?

(01:32:52):
Hopefully, you thread the needle doing 10 million miles an hour.
That's why I said, Hey, look, you know, we might look Trump, it not guaranteed to solve
any of this nor Elon.
Like it's going to be Superman and the entire Marvel team to pull this off.

(01:33:15):
And you might have to do some chicanery.
And the reason I say that is because I'm always surprised how many smart people keep talking
about this debt.
This debt will never, ever be repaid.
No, it doesn't have to be either.

(01:33:35):
Fuck it.
It's not my problem.
Now how do you say, Hey, it's not my problem.
It would be my problem if everybody defaulted, but how do you solve it?
You just extended it.
Oh, anything with a three year life has a 30 year life.
All right, we're done.

(01:33:56):
We're all good.
Let's roll.
Dude, that would open up the markets and unbelievable.
Whoa, I can buy bar 30 year money now.
Okay, you're going to have to confront.
There's going to be a time when AI smashes margins.
Okay, competitors are going to enforce that you're lowering your prices and that's going

(01:34:19):
to be like, Oh, look what's getting right happened, but the volume should explode.
And this is the piece that people are missing.
Not only should the volume explode, but your profitability should explode if you're using
these tools.
Now, if you're sitting on the sidelines and you're trying to use an Excel spreadsheet and

(01:34:42):
Gary Cardone's crunching a third of all the digital wallets in the world coming up with
financial data, we don't use Excel.
These transactions are so large that good luck.
I mean, the 1099, you want to just hear some really cool, little interesting, you know,

(01:35:04):
1099, you're probably a 1099 right.
So there's 4 billion 1099s in the United States right now every year.
January 1st because of the Treasury rules, which I am so glad they finally came out with
the Treasury rules on taxation and reporting for crypto.
This is the business I was building.
I was just waiting, come on man, you guys got to release the regs, right?

(01:35:27):
Otherwise, no one's going to pay.
This January 1st, 2025, that 350 page set of rules goes into, it gets triggered and
is live.
Immediately goes from 4 billion 1099s, 4 billion.
You guys write 4 billion down.
Let me know how easy that was.

(01:35:47):
It goes to 12 billion first year.
12 billion, okay?
The entire legacy market for the last 10 years has worked on 4 billion 1099s, dude.
In the first year of digital, which is less than 1% of the entire world's market, 1 tenth
of the entire world's market, digital 1099s go to 12 billion.

(01:36:08):
My internal team thinks it's 20.
It goes up 5x, okay?
Who's going to handle all that shit?
These are farms and reports.
You can say they're paper, but they're taking up fucking power.
They got to be stored.
By the way, they have all your tax information on, all your crypto information, and that's
how you're going to account for it, and that's how you're going to do your taxes.

(01:36:31):
That's just cryptocurrency, man.
That's not smart contracts.
That's not, Larry Fink's not doing Bitcoin.
Larry Fink's tokenized and planted Earth, dude.
He is going to fracture every, that's why I went back to that real world asset.
Sometimes people think I'm being sarcastic, but I'm like, no, no, no, no, dude, because
Larry Fink's going to end up in a real world asset.

(01:36:53):
He's going to take these apartment buildings and sell them a thousand different times,
and it's going to be good for the buyer, because most people can't afford to buy.
Why do they go buy a house?
Because they can't afford the rent, they think, okay?
And they want to own something, even though they don't understand what that ownership
is.

(01:37:15):
And so then they go buy a house, which is a total scam.
And when in reality, they should be renting their apartment, and if they had the ability
to also invest in a fracture of a home or a fracture of the same apartment building,
wouldn't that be symbiotic?
Wouldn't that be cool, right?

(01:37:35):
Now you've afforded somebody that only makes 50 grand a year to become a real estate investor.
Wow.
Now that's prosperity.
That is my hope of how...
Now that means all asset values explode, because you're adding so much new demand.

(01:37:55):
Imagine if there was no accredited, unaccredited.
You know the rules around accredited?
Because I have a million dollars, I'm smarter than you because you have 980.
Even though you're 800 years old, you built 37 businesses, I'm a dumb dumb.
I get to be accredited and you don't.
That is so stupid, dude.
Whoever came up with that rule should literally...please, we want our money back.

(01:38:20):
Okay?
I mean, that should be on his grave, son.
I was an idiot.
I mean, really, and everybody knew it.
So but these are...
You know, there's a lot going on all at one time.
I think there's a chance.
We have the tools, and I think you have the motivation.

(01:38:42):
I think Larry Fink, actually, this will offend a lot of people.
I think if you look at Larry Fink's history, he's not an insider.
Okay?
He's an outsider.
Well, I'm most certainly an outsider.
You guys have called me suits before.
I'm like, fuck you, dude.
No idea who I am.

(01:39:02):
I have put up with so many suits, it's unbelievable.
But I did wear a suit because I didn't want them to see me as the enemy.
It's just not smart strategy, okay?
Nobody's got to know that we have the most superior money on the planet.
It's just an opportunity.
Yeah, I'm just dingling around here in this little thing called Bitcoin.

(01:39:24):
We don't need to alert everyone.
People tell me, hey, Gary, go orange peel your brother.
That's not my job, man.
Fuck my brother.
Okay?
I need people in Bitcoin that are really in here because they need to be and they want
to be.
He'll come around, man.
I know how to sell him.

(01:39:45):
The way to sell him is the way we sell everybody else, and it's not the way we've been doing
it, telling people they should do something.
You should move into Bitcoin 100%.
Your real estate's going to kill you.
He's like, yeah, well, let me check with my pal at see if I can make it down to Chicago
and close my positions.

(01:40:06):
Did that help or did we go way off track?
A little bit of both, but I love getting a little bit off track.
That's the beauty of it.
I mean, as you said, what can be burdened?
Yeah.
Oh, last thing.
I lied.
You got one more little one because this one's not a, I don't need an answer.

(01:40:28):
I'm just more so looking for your take on some absurdity.
You got, you got, I'll do five absurd questions.
Oh, well, this is okay.
A quick one.
Yeah.
Have you heard of anything as stupid as an unrealized gains tax before?
Is there any?
They've voted this before, dude.

(01:40:48):
Oh, I know.
But do you think she's, are they just voting again?
Let me just do this.
Yeah.
There was nowhere I ain't worried about it.
You shouldn't be worried about it.
I will never pay that.
That'll never happen, dude.
You'll bankrupt the entire country in one day.
The stock market would take a 50% drop because everyone would sell right before that rule.

(01:41:12):
We'd be like, fuck you, man.
We're out, dude.
And then we would go and do some synthetics on Bitcoin and never own anything.
So we would never have a capital gain.
Then what do you do to ordinary gains?
You increase them too.
You're not going to tax your way out of this problem guys.
So, so, so, look, this is the truth.

(01:41:35):
Anyone that tells you they need to raise taxes one penny is absolute lie.
You might as well start pissing in the ocean thinking you're going to raise the temperature.
It is absolutely not going to happen.
Okay.
There's absolutely no need to raise taxes.
What we need to do is remove the grift and the system and the waste and the inefficiency.

(01:41:58):
$1 trillion alone in fees and fines in the financial industry in the United States.
There's 62,000 people in the Visa credit card umbrella at Barclays and Citibank and Bank
of America, right?

(01:42:19):
FIS.
They file chargebacks against other divisions inside their own company.
These issuing files chargeback disputes against Barclays acquiring Bank of America issuing
Bank of America.
They just file them whenever the customer calls up.
They file against whoever.
Never thinking to call their partner.

(01:42:40):
So Bank of America has got two departments that handle the handle chargebacks.
There's 656 million of these a year in this extremely well AML KYC perfect market GDPR
in Europe that these amassed a card that owns 76% of the whole market.

(01:43:01):
Two guys control the whole thing.
Charge 3.5% for doing absolutely nothing.
No insurance.
No guarantee of performance.
13% declines chargebacks that cost 400% more than the average sale.
Over a billion dollars in losses while $6 billion pays 62,000 people every year to play

(01:43:28):
ping-pong.
Barclays to Barclays.
Barclays around this whole supply chain.
And the sad thing is the guy that's actually paying for it is guess who?
The consumer, right?
Every time.
You think because Visa gave you chargeback rules and rights that that's a blessing, but

(01:43:52):
the very poorest people, the worst actors in the entire consumer system don't follow
the same rules as you and I do.
So I'm literally paying more because my credit and my performance is better.
I see a world in the future where I should be the cheapest.
I should be able to buy everything cheaper than most everyone.

(01:44:17):
Why?
My credit is perfect.
I don't file refunds and I don't file chargebacks.
I am a mature buyer.
I buy something.
I bought, I mean, the amount of stuff I buy and I go, okay, I didn't ask the right question.
It's on me.
I'll sell it or give it away.
It's not the merchant's job to ensure me against every mistake I might make.

(01:44:42):
Okay, the Hutt Company and the United Kingdom, big clothing company, they assume if they
sell four shirts, three are coming back.
40% refund rate, dude.
Geez.
40% refund rate.
You cannot possibly survive.
Only Amazon who doesn't have chargeback rules because they call Visa going fuck off.

(01:45:04):
I'm not paying your fees and fines.
Facebook ran at 8% chargeback ratios for four years on a game.
The rules are 1% dude.
Facebook ran for 8% for four years.
That is a merchant category event that you like, okay, that merchant's not allowed to
operate anywhere in the world.

(01:45:24):
It's a block, right?
8% the rule is one.
How did that happen for one day?
Much less four years.
Now they're going to claim they didn't know.
Okay, well you didn't know because you got analog.
We're going digital.
We'll know instantly.
Digital is set up for this problem in payments, dude.

(01:45:48):
In the next 18 months, gambling, gaming, pornography, dating, social media, almost
digital.
No credit cards.
I've stopped.
I've told every one of my people, do not send me money through Google platform.
Or any other platform.
I will not pay anyone 30% for my content.

(01:46:09):
My content is Google doesn't own my fucking content or anything in my life.
And if they don't want me to be on their platform, this is what I need.
I need somebody to tell me like very clear, maybe in big bowl letters as we stream here.
Google is taking 32% of this streaming event.

(01:46:30):
Some bulls taking two, let's just be clear with everyone.
So everyone can make their own commercial decision.
We have to get to that point.
It's going to be a fight, dude.
There's so much that we have to fight over right now.
You basically have a highly controlled environment that will not survive in this digital age.

(01:46:52):
Even if you're emotional about this stuff, this doesn't work in the future world.
You and I will end up probably living on a boat somewhere.
A big one.
Very big boat.
But you're just going to have too much confusion.

(01:47:14):
And I mean, I don't know how you feel about it, but like I'm this close to hiring lawyers
and going, hey, Google just took $100 and my $300, man.
How can that possibly be right?
They're getting ready to admit in the next two weeks that they also did what Zuckerberg
did.
Okay, so let me see.
They're a public company.

(01:47:36):
They're behaving like a government.
They're in cahoots with the government.
And then they're saying, no, you can't run the utility rule on me.
You are a utility.
You sound like a utility.
You smell like a utility.
There is no competition.
In fact, you're trying to convince the government to get rid of the other Chinese utility.

(01:47:57):
And I think you are a utility.
So how about this?
How about you go on the blockchain and or separate your company into 10 different pieces
and everything you do in social media on these platforms you get to make.
Let's see.
Visa MasterCard are allowed to make.008.
So that's cool.
You get a.008 as a baseline.

(01:48:18):
It's not like you guys haven't made trillions of fucking dollars.
Once something gets so big, man, what's the problem?
You're a public utility.
You're sharehold.
There isn't a loser in your shareholder base and you're behaving badly and you're not even
going to be competitive for the future.
How's Google going to deal with European rules?

(01:48:40):
How's Elon going to deal with them?
See the art.
Well, we're not going to fight over the ship.
I don't like I fly probably.
Okay.
I'm not landing in France.
Did I think they're fucking crazy over there?
Okay.
Like, and I'm going to say it.
I think the EU has completely failed.

(01:49:00):
I will most certainly not land in Belgium or Holland.
Okay.
I'm a Trump supporter.
Do I want hundreds of Bitcoin and people know it now and they are determining things
about me based on some very soft things.
It's not about DNA.
It's just about my belief system.

(01:49:23):
I'm scared to go to the UK now.
They're putting people in jail over, you know, putting a flag on Facebook.
Now, maybe that's a little, maybe I exaggerated that.
All the, my buddies in England are like, fuck, fuck.
Don't walk around with a nice watch in Mayfair anymore.

(01:49:45):
Do you not?
I remember when the policeman didn't have guns there.
I spent 10 years there.
You would never get hurt in London with Bobby's that like they had little stick and hello,
Mr. Cardone.
How are you?
Do you do it?
Oh, you need directions?
Yes, I do.
I'm always confused.
Oh, we're going down here and being nice.

(01:50:05):
Right.
Walk right up to the Interpol.
They're not like frisking you down, dude.
Machine guns, pointed at you or anything.
These things change so much.
Now they're terrified.
So Bitcoin minimally is a good escape velocity.
You know, if you think this thing is going to go terminal and fucked up, because if you

(01:50:26):
talk to me long enough, I mean, I talk to myself, I'm like, man, I don't know how you
get out of this puzzle.
And it may be hard.
Okay.
It may be very painful.
I have to remind myself though, my pain is I'm sitting in a nice house with air condition.
There's some little four year old girl, dude, that just lost her dad to a missile made by

(01:50:48):
Raytheon and they don't even know why it happened.
All they know is the earth went white and dad's not there anymore.
And that ain't ever going to fucking change for that kid, dude.
And if you blame her in 30 years for being a fucking terrorist, you watch movies about
this shit and pay good money for it.

(01:51:12):
So what do you think is going to happen?
This isn't even a good strategy, man.
All right.
I mean, I tear up over the little girl, but the truth is like, it's not even a fucking
good strategy.
You know it ends badly.
So I say, buy Bitcoin, buy camera or engage the camera, engage the microphone.

(01:51:36):
This is why I do Harley.
I give almost everybody an interview because I'm like, Hey, he's got a podcast.
Okay.
And then you notice on X, man, the content is expanding, dude.
If you know anything about school, math, sewing, language, art, art would be awesome

(01:51:56):
here.
Writing, creative book thinking.
Dude, if you have any expertise in the whole world, I guarantee, let's say that you have
a fetish with, Oh, you love the back of your knee rub with the left hand of the little pinky.
I guarantee there's going to be 80 to a thousand people out there out of eight billion that

(01:52:19):
have the same deal you have.
Now what have we accomplished by that?
By you just doing that and becoming famous for 15 minutes, we steal 15 minutes of robot,
you know, automatic behavior that we are all subject to.
We remove them from CNN for 10 minutes.

(01:52:40):
If you can remove anyone, we have to get them off the crack pipe.
They're on.
Okay.
And what do we know?
They like entertainment.
They're lonely.
Okay.
I like entertainment and I'm lonely.
It's not just about them.
It's we're all the same people.
I'm lonely most of my life, man.
Like show me someone that has too many great high quality friends.

(01:53:04):
I'll give you a thousand Bitcoin.
Dude, if you can show me one person, you can.
Okay.
Or show me anyone that's had too many great experiences or too many good group meetings
where they walked away from a group meeting going, you know, I feel better than when I
walked in.
How many people have been to an awesome church, dude?

(01:53:24):
Sunday and walked out and I'm like, fuck, I'm fucking stuck, dude.
I am a good human being.
I'm a short value and long shit.
Okay.
They're long shit that degrades and you're short memories, experiences, high quality

(01:53:45):
friends, places to go when you don't feel cool and also a shortage of authenticity.
I'm almost next to zero, dude.
When I tell people, hey, man, I'm lonely a lot.
Okay.
People will look at me and go, whoa, did you just say that?
Because nobody talks about this ever.

(01:54:06):
But I mean, I could have you crying here in about 30 minutes.
My life has not been as cool as it looks from the outside.
It's been a challenge just like everyone has challenges in their life.
I just refuse to do the whole, hey, look at me, dude.
I'm rich.
If I gave you one side of me, it would most certainly make you feel horrible.

(01:54:27):
Okay.
Like I hate people taking pictures of me being in a plane because I'm like, dude, I don't
know.
Most people will never going to get there and I need to stick it in your face.
You know, it's just if it was achievable, like, and it is achievable.

(01:54:47):
Most certainly it is achievable.
You do a job with me and you can do it and don't pay shit.
Sam's the only one like, man, I like this deal.
That's the best deal.
When I was 27, I didn't have a fucking plane, man.
When I was 30, I flew on my first one.
I'm like, oh, I like this shit.
By 32, I was getting addicted.

(01:55:08):
There's a whole story between the difference between somebody that flies private and a heroin
addict, you know the difference?
No.
This is the joke that people tell you after they sell you an airplane.
The answer is?
That's the difference between a heroin addict and a private jet owner.

(01:55:28):
You can go to rehab for heroin.
It's really bad.
It's so true.
The first time somebody told me that, I'm like, oh, this is going to be a problem.
Anyway, I think this is awesome.
I think that if we remember back to the depression period, we do not remember our families telling

(01:55:52):
us horror stories, actually.
Notice how that happens.
Oh, the depression, 1920s, everyone.
Actually, man, there was a lot of music.
There were speakeasies.
Families were having barbecues and family rituals.
They were all living together.
Check out some of your grandparents or something, man.

(01:56:13):
Ask them what that life was like.
I think they all had a common enemy, and they were all on the same side of the bench, same
side of the playing field.
I don't remember people going, oh, we had suicide rates at the highest ever, depressions.
People were taking pills all over the place, man.
None of that shit happened, bro.

(01:56:34):
They were just fucking hustling.
Saving money, doing jobs, helping each other out, cutting each other's hair.
Right?
We weren't taking Prozac.
Well, I get depressed because I don't have anything to do, man.
I don't have a big enough purpose.
We have purpose here, okay?
The entire planet is trying to shoot itself in the face, and we're here.

(01:56:58):
God or the universe, something put us here in this moment.
Are you going to light your candle or are you going to just, oh, somebody else can do it?
That's cool.
I mean, somebody else will do it, I hope.
Anyway, I just got to remember how young these kids were, man, that found this country,

(01:57:19):
dude.
They were looking around at the other countries.
This is not America's, the best of what the country has to offer us, or the world has to
offer us right now.
And if this goes to shit in a handbasket, we can blame Clinton and Bush and whoever.
It happened on our watch, dude.

(01:57:42):
And it's happening right this second.
So we need an army of people that are willing to go to jail, willing to be hassled, willing
to be audited, because this is the only shit they have to do anyway.
They can't beat me up.
They might sit on me.
They all seem to be obese.
So maybe they sit on me and drown me.

(01:58:05):
But we just look at the byproducts.
Look at Trump compared to everybody.
He's such a champion, dude.
But he's a warrior.
I'm a warrior, man.
You give me a war, and I'm like, oh, yeah, man.
The universe made me for this, right?
You and I fighting in a war together, dude.
If I have a buddy, man, I know, like, you got your M1.

(01:58:27):
I got mine.
And I know, okay, this motherfucker is not going to run.
That to me is one of the greatest experiences.
I see you nodding your head.
It's like, that happened very rarely in marriage.
It's just a unique event in a game theory or a war or some challenge is happening that

(01:58:49):
I think men were built for.
They men really love that camaraderie team.
Hey, let's go spank something seriously.
How's this for an interview?
Did I do a OK job?
Can you give me a grade?
It's 458.
Yeah, A plus.
And I think ending it on the going and spanking something is sounds about perfect.

(01:59:11):
And I appreciate your time a lot, Gary.
I know it's your time is valuable and I appreciate you sharing it with me.
Anywhere you want to send people after this, I'll link your socials and whatnot.
Yeah, that's not exactly what I mean.
It's really easy.
I would just don't get scammed.
There are a lot of people that are doing shit and I'm probably not going to ask you

(01:59:36):
to send me Bitcoin.
OK, most certainly will never ask you to send me Bitcoin.
I'm probably not going to meet you in Chicago for a date after you send me Bitcoin.
Also, I mean, the scams I heard is I don't have people fall for it.
But so you're not going to send me to Bitcoin back for the one I sent you earlier today?
Is that?
Oh, shit.
I like some of those are good when I first got in.

(01:59:59):
I'm like, really?
Two for one.
Wow.
What a deal.
Well, you know, I mean, they're compelling.
Now, see, that's an example why that does not need to happen.
All Visa and MasterCard and everyone else needs to do is look at the platform and go
do if that ad is on your platform.

(02:00:21):
It's a million dollars offense.
It would literally stop tomorrow morning.
Google is like, OK, I can screen for that.
Come on.
It's not even possible.
OK?
That's the most heinous crime.
OK?
I mean, I'm sorry, that's going to be your job, dude.
You can't have somebody doing that.
Hi, I'm Michael Saylor, and I'm going to send you 300 Bitcoin after you invest in my

(02:00:43):
company.
You that's that's I mean, this is an issue now, right?
If I really do you know it's me, really?
I don't trust anything I see anymore.
You don't know it's really me.
I don't even know if this was you.
You could have had one of those fancy avatars.
You trained it up real well.

(02:01:05):
I mean, it feels it feels like you.
But you know, hey, who can what can you trust?
Just go check the check the vocabulary.
You might find that this this is the a a version because my vocabulary was good today.
That it was that it was.
Well, well, Gary, I appreciate this a lot.
This was this was a blast.
Thanks for coming on.
Enjoy it.
We'll we'll have to do this again sometime.

(02:01:26):
Hopefully we can do it in the in the flesh sometime sometime soon because it's always
better than space.
I'm in Illinois.
So you're oh, yeah, you're you're down in.
I'm in Saint Pete, man.
You just let me know around, you know, late November, December, when you start getting
like, what am I doing here?
Happens every year.

(02:01:47):
Come on down to Florida, man.
We got plenty of room for you guys.
I'll take you on that.
As long as you're willing to play by our rules.
I'm pretty easy going.
No cross immigration borders here.
But you know, you bring it in your crazy ideals here.
Yeah, all right.
No, no worries there.
Well, Gary, appreciate your time.
Thank you, buddy.
This is a pleasure.

(02:02:07):
Thank you.
And that's a wrap on this Bitcoin talk episode of the Bitcoin podcast.
If you are a Bitcoin only company interested in sponsoring another fucking Bitcoin podcast,
head to Bitcoin podcast.net.
If you're enjoying the Bitcoin podcast, consider giving this show a five star review wherever

(02:02:31):
you listen or sharing the show with your friends, family and strangers on the internet.
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If you want to follow the Bitcoin podcast on Twitter, go to at TIT coin podcast and
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(02:02:56):
and at Walker America on rumble.
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(02:03:17):
Until next time, stay free.

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Donating 12.8 Bitcoin to Trump & Why Bitcoin Needs Better Marketing - Gary Cardone (Bitcoin Talk on THE Bitcoin Podcast)

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.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Donating 12.8 Bitcoin to Trump & Why Bitcoin Needs Better Marketing - Gary Cardone (Bitcoin Talk on THE Bitcoin Podcast)