Episode Transcript
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Speaker 1 (00:03):
It's that time time, time, time, luck and load.
Speaker 2 (00:10):
The Michael Verry Show is on the air.
Speaker 1 (00:19):
It's Charlie from Black Beers Mother. I could feel a
good one coming on. It's the Michael Berry Show. I
saw a meme this week and I thought it was
really good, really really wise and said, many people believe
that the grass is greener on the other side, but
(00:41):
actually the grass is greener where you water it. And
I wish I was at a Black church live right now,
because somebody would go as an outward show of boy,
you got us with that one. That was clever. I've
always liked the ooh at a black church. I've spoken
(01:04):
at Black churches many times over the years, particularly as
a candidate, but it's a much more interactive experience. If
you've ever heard Ralphie May on the Black Movie Theater,
it is also a very It's just a different culture.
Some people are uncomfortable if you point out that there
are cultural differences. There is nothing to be uncomfortable about
(01:25):
with that. If you don't think my wife, who spent
her first twenty one years in India, does some things
differently than I do. Because I spent my first twenty
one years in a trailer park. If you don't think
that we have some different ways we do things, then
you're in it. You're Cleopatra Ramon, You're to queen of denial.
You don't Our differences don't need to be something we're
(01:48):
ashamed of. Our differences don't need to be something we deny.
The Left has taught you that celebrate your differences, have
fun with them, make jokes about them. You know, my great,
my great sadness for this country is how many you
know you think about in the history of mankind, people toiled,
(02:12):
they suffered it.
Speaker 2 (02:14):
We didn't.
Speaker 1 (02:15):
It's only yesterday we figured out that if we've got
to cut your leg off, we can at least put
you under so you don't have to have you don't
have to feel it being sawed off. Or if we
take a tooth out, you don't have to sit there
wishing you could die over the tooth. We can put
you under. Hell, I just went under. My dentist put
me under a couple of weeks ago because I was
(02:35):
overdue for a deep clean. And that's a true story.
I was overdue for a deep clean, and I told
him was so bad that if I could get a
little sedation, and he said, you got it. And I
woke up from a nap and I put my tongue
on my teeth, and ah, I feel so good. Truth
be told, I'm not proud of this. I needed a
deep clean because my mother every six months. We didn't
(02:58):
have any money, but my mother took us to the
dentists every six months because good dental care because her
mother lost our teeth was important to her. So my
mom died September nineteenth and I realized I hadn't been
taking good care of my teeth. I needed to go
to the dentist. And I took from September nineteenth until
a few weeks ago to finally bring myself to go
see my show sponsor and get my teeth taken care
(03:18):
of it. That's sad, or what we can I say.
But throughout history, people didn't live very long, and while
they were alive, it was mostly suffering and pain and
filth and disease. We live in such a happy time
relative to that. We got air conditioning, and we've got sedation,
and we got food, and yet we're more miserable than
(03:40):
people have ever been. It's a state of mind. It's
a question of what you're watering. So I'm going to
tell you today, water, how wonderful things are today. Donald
Trump is actually doing what he promised, and that upsets
the left, and the left gets upset, and you get
upset because they're upset. You don't need to be upset.
You need to drink up those tears. The fact that
the left is upset. You know, people say to me,
(04:03):
you know when they die, they're gonna say bad things
about you, Michael, and I say, I hope. So that's
how I know I succeeded. If they're not, If the
Left is not glad when I'm dead, then I didn't
do my job. And that's how I look at it.
So you don't need to cry for me, Argentina. All right,
let's get a started. Phone lines were open seven one
three nine nine nine one thousand seven one three, nine
nine nine one thousand. If you can't get through, you
(04:24):
can always leave a message and to get a start,
as we always do courtesy the greatest executive producer and
all the land chatted Cooney Knakanishi. You're a week interviewer.
Let me just go ahead and tell those of you
whose great grandmother was from Czechoslovakia, and you've got a
check name and it's about all the check you've got,
and you want to out check me if you send
(04:45):
me an email about what is and isn't a galachi,
I'm blocking you because I find that very annoying. You
better check good point, Ramona. You better check yourself itself,
because I know you're out there and I know you're
just truck just dying. I ain't know i'd be rank
A Democrat. Senator Chris van Hollen actually didn't fly to
Nel Salvador and try to rescue an MS thirteen gang member.
Speaker 3 (05:07):
Phil Mahr.
Speaker 4 (05:08):
Abrigo Garcia is an illegal alien MS thirteen gang member
and foreign terrorists who was deported back to his home country.
Speaker 1 (05:16):
The Democrats are in love with all the wrong people,
and I'm here to tell you I hope that continues
because they'll never win another national life at this pace.
They are out of touch with the American people. Risked
burglary to the Southwest Side. Restaurant owner says, if someone
stole raw meats right off the pit as it was
smoking overnight, if all Jacob the third is the owner
(05:37):
and pitmaster of Jacob's barbicane.
Speaker 2 (05:40):
I'm not worried about it now because that pit is
filled and it will pay. You have to bring up welcome.
You would have to come in like welded a loose
to get in that head.
Speaker 1 (05:49):
I love that dude so much. You would have to
weld it a loose.
Speaker 2 (05:52):
Weld it a loose.
Speaker 1 (05:53):
That's that's my kind of people. Well, let's forgnner. We're
having Hamburger Helper halberd Yay years ago, he said, I'm
gonna make you something from your childhood. What do you want?
I said, Hamburger helped you so okay. I had to
call your mom and ask her how to make it.
I said, I can actually tell you this. Put round
round cheap pasta shells and they got a little sauce
(06:14):
in there, the same way Kraft mac and Cheese does.
And if you make my grandmother's corn bread, you will
make me very happy. Just toodles to beat. Have you
ever thought about eating rice?
Speaker 3 (06:21):
Or ron second.
Speaker 1 (06:26):
Nic very fictchool. You're just talking about where you went
to school.
Speaker 2 (06:30):
Be careful, you're.
Speaker 1 (06:31):
Gonna blow an old rig. Captain. Something wong, Well, something
must be right. You were listening to Michael Berry let's
open the phone line seven one three nine one thousand,
(06:51):
seven one three nine nine nine one thousand. Nor should
you find yourself not able to get through or not
able to call when we are on the air, you
can call twenty four to seven and leave a voicemail,
and many people do seven one three nine nine nine
one thousand. And let me just go ahead and say, now,
I'll say this again over the next week or two.
(07:12):
Mother's Day is coming up. I think it's May fifth,
sixth seventh, right around that area. We normally go to
Mother's Day too late to make this happen, but on
on Mother's Day, the Friday before, which is our Mother's
Day celebration, which we consider to be a very important
(07:32):
tribute to mothers. And I'm being completely honest. Paying tribute
is important so that people gets as they say, as
the young kids say, so that people get their flowers
literally and figuratively. But also I think that a lot
of people listen to that. I like to think people
listen to that and go, hey, forty years from now,
(07:54):
I want my kids to say, you know what, let
me be a better mother, let me do more. You know,
maybe maybe I'm maybe those kids are getting on my
nerves because I'm around them too long and I forget
that I'm making their childhood here. Let me let me
make it better. Let me challenge them, let me teach them,
let me discipline them, let me love them, let me
spend time with them. You know what this is. You're right,
it's time end going to be here forever and I'm
spend my old years alone. Let me let me make
(08:16):
it great. So with that in mind, you can call
our line when we are off the air and just
say this is Bob and Nashville or Sam and Tulsa,
and uh, I want to tell you about Mother's Day
and my mother and tell your story, and we would
try to weave some of those in so that our
Mother's Day is not limited to whoever's able to get
(08:37):
in live at that moment. You'll take a minute to
think about your mother, so your name and where you're
calling from, and then whatever your Mother's Day tribute is,
and we'll try to work some of those into the show.
The sooner you call, the earlier we can get it
cataloged and make sure we use it. Now that will
be coming up. That's the Friday before Mother's Day. I
think that's May fifth. Is that my right room? Huh
(08:57):
May ninth? Okay, first move over, bud Light. Nike has
an even dumber idea. Not surprising, these are the people
who brought us Colin Kaepernick OutKick from our friend Klay
Travis is reporting that Nike is allegedly funding a study
on the use of puberty blockers in children and how
(09:18):
it affects their athletic performance. Came to light after a
New York Times story featured a transgender volleyball player from
San Jose State. In the article, the author mentioned Joanna Harper,
a biological male who identifies as a woman and studies
transgender athletes, and it goes on to say, basically, they're
trying to get They're trying to create this woke program
(09:42):
in support of boys playing girls sports. This is just
wicked weird. I mean, if the bud Light case wasn't
the talisman against stupid things like this, then hopefully the
Nike case will be. WELCA two WoT center, Welcome back
(10:03):
to the studio. At halftime the LGBTQ NBA brought to
you by Nike.
Speaker 2 (10:09):
Nike just blew it.
Speaker 1 (10:12):
Let's go down to the court and Dick e V
Dicky VI tell still doing games? How you doing, dickybe?
Speaker 2 (10:18):
Oh we got a transie get in handsy he's in
fot twubble with the diaper Dan.
Speaker 1 (10:24):
D Transy Hansy diaper and the okay, thank you Dickiev.
Speaker 2 (10:29):
That shtick never gets old.
Speaker 1 (10:31):
When we come back, it's second half action. It's the
Hems versus the shims. Tight at eight at half time,
second half action comes your way. We're really doing this.
Speaker 2 (10:42):
This is terrible, aren't it?
Speaker 1 (10:47):
And with that, we shall go to the phone line.
That's funny the first call I looked up at. It's
just the order that they came in as Bertha. And
we're going to end the show with a discussion of
Lulu Roan, who was from he Hall for those of
you old know to remember. And I had I had
set my prep aside for that to be the last
segment because it's kind of a tribute to my mom.
(11:08):
And you'll understand why when when we get there in
an hour and a half. But uh, Bertha was Lulu
Roman's birth name, and it's just kind of I don't
know if it's a god thing as they say, but
here we go. Bertha. You are on the Michael Berry Show.
Go ahead, sweetheart.
Speaker 5 (11:26):
Yes, I hope you and your family are doing well man,
And I am curious what is the currency to back
up the bitcoin? If the dollar is gold, what is
back the bitcoin?
Speaker 4 (11:39):
Well, okay, this is a complicated question. I'm going to
attempt to answer that. To start with, the dollar is
not backed by gold. I'm not a bitcoin enthusiast.
Speaker 2 (11:52):
I don't.
Speaker 1 (11:53):
I don't want anybody to get confused here. I'm not
a you know, there's those bitcoin bros that are they're
all about bitcoin. I'm agnow us on the matter. People
can do it or not do it. That's completely up
to them. I'm not going to poop poo it. But
I'm also not going to promote it necessarily. But let
me say this. You first have to start with the
understanding that the dollar is not backed by gold. When
(12:17):
we went off the gold standard, that meant that was
the license to print money that had no value other
than what we will kind of nod agree is the value.
And when you are no longer limited in currency as
a representation of your gold reserves, now there's nothing to
(12:40):
stop it. And that's why we've seen runaway inflation debt,
spending massive deficits year after year. So start with the idea,
and this sort of underpins bitcoin. Start with the idea
that none of your currency is act by anything in
(13:02):
particular other than the full faith and credit and good
reputation and those sorts of things, but none of them are.
The Bitcoin is a huge part, a huge part of
the See that's the government trying to kill me because
(13:23):
I'm talking about bitcoin and they don't want it. A
huge part of what preserves the value. And I'm not
a bitcoin expert. I have a friend named Tillman who
owns a company called the arch Public. And what they
do is it is an exchange for bitcoin. They are
the software company and they clear that they clear your trades.
(13:48):
But what they do is they have an algorithm where
you go in and set your parameters. That way you
can make your purchases when you're asleep, if a number
hits where you wanted to hit, whether it goes a
certain low or certain high. You know, with the stock market,
you know day traders can be or traders at all
can be awake and alert and ready for a particular
(14:11):
price to occur. With bitcoin is twenty four hours a
day so you need an algorithm to do that. But
let me go back hold on them, Me said, let
me see if I can get him on the line,
because he is he is a guy that can thick,
and he is an evangelist for bitcoin. So but hold on.
Speaker 5 (14:26):
Before Biden came into office, we had a legal immigration
at a record loan.
Speaker 1 (14:30):
Michael, it will be my policy to take down the cartels,
just as I took down the ices calibania. Just playing
you understand. Maybe I am not a cheerleader for bitcoin,
nor am I a cynic on bitcoin. I have had
(14:50):
my experience with the bitcoin bros who can be a
bit much. It's sort of like I said about pot smokers.
I think if people would smoke their pod or do
their gummies, or do whatever else they do, and not
go to festivals and blow it on everybody else, then
people wouldn't have so much of a problem with it.
But bitcoin is in the news quite a bit today
(15:12):
and it's it's constantly kind of hovering, and I think
under this president, you're going to see that more and
more of the case. Because he's a fan of it,
that's clear. He spoke at the crypto conferences, he has
given kind of the the impromoter or im premature, however
you prefer to say it. You know, the blessing to
discuss this openly and coming out of the dart has
(15:34):
been I got a lot of listeners. We have a
show sponsor called the Archpublic dot com and the owner
is a friend of mine, Tillman Holloway. He was a
superstar football player at the University of Texas, and he's
from a gold star lineage of His father was an
(15:55):
All American in football at the University of Texas and
then an NFL Hall of Fame as an NFL player,
and his other grandfather was a guy named Jack Trotter
who in Houston was a legend. And this guy was
a deal maker, extraordinary, and everybody in Houston above the
age of sixty or certainly seventy remembers this guy when
(16:17):
he was the stuff of movies. Anyway, So Tillman is
my kind of guru on bitcoin matters. And because this
issue comes up a lot a lot, I called him
and was fortunate enough to catch him free to speak
to us for a moment. So, Tillman, the first question
I want to ask you. We had a caller going
into the break and she said, what is bitcoin back
(16:39):
by because the dollar is backed by gold, and I explained, no,
it's not. We're off the gold standard. But explain where
the value of bitcoin comes from.
Speaker 2 (16:51):
Sure, yeah, thanks for having me. Let's start with what
is the value of money? What are the properties of
money that make it value? Scarcity is one of them.
We have to trust that someone can't print it to infinity,
that there's a scarce amount of them, because that creates stability.
(17:12):
We have to have divisibility. It has to be able
to measure a grain of sand and the entire economy
because it's an indicator of that inflation. It has to
be portable. We have to be able to, in a
digital economy, move value very quickly across the globe in
a way that is efficient, it doesn't cost a lot.
(17:35):
It has to be verifiable. The money has to be
something that we can verify settlement and transactions. So the
way we trust money right now is through intermediaries, through
other companies like the Visa network, like Swift. There are
third parties that charge a lot, that use archaic technology
(17:56):
to get it done. It takes a long time. It
injects a lot of friction into that said, world economy
and bitcoin changes all of that. Bitcoin is absolutely scarce.
There is only twenty one million that will ever exist,
and no one can print more. It's divisible down to
(18:17):
eight zeros beyond the decimal point, so you can trade
one sat, which is a fraction of a cent, all
the way up to transferring billions of dollars across the
globe for dollars and pennies. It's divisible. It can measure in.
Speaker 3 (18:33):
That you know, eight decimal points.
Speaker 2 (18:36):
You can measure all the way up to a world economy.
You can literally put trillions and trillions of dollars into
the network and it can be measured very effectively. It's
built that way. It's portable. I can literally send that
bitcoin anywhere I want, any day of the week. No
one can stop me. It's peer to peer with no
third party intermediary. It's verifiable. The network of computers that
(19:01):
make up any valuable company today. Google, what is it?
It's a network of computers? Amazon? What is it? A
network of computers? Facebook? What is it? A network of computers?
Bitcoin is a network of computers just like all of
those companies, but instead of it being controlled by a
central company that has their motives in the forefront of
(19:25):
their existence. This is a code that every computer that
wants to participate in a network has to abide by
the rules and has to use the exact code, or
it does not get into that said network. That dickcoin
network has grown over the last sixteen years to be
the largest network that's ever been created by man, that's
(19:46):
transferred more value trillions and trillion, hundreds of trillions of
dollars of value without one accounting error, without one double
spin error, from anywhere on the globe, to anywhere on
the globe, any day of the week. So it is
by definition, the best form of money that's ever been created.
(20:09):
And when we used to measure things against gold, we
had limitations. Gold is not portable. You can't send gold
anywhere you want to any day of the week without
a great deal of security cost, transportation costs, and if
you send it via paper, there's no final settlement. So
you're making compromises on what we value as the core
(20:33):
characteristics of money with any asset other than bitcoin. So
that's kind of the way I look at it. And
so when you buy into bitcoin, you're buying into a
network that is the largest on Earth that can achieve
transactional finality in a very short period of time, which
is on average twelve minutes. So it's like being able
(20:53):
to send cash in an email, and once that person
opens up the email and pulls the cash out, you
can't get the cash back.
Speaker 3 (21:02):
There's no chargebacks, there's.
Speaker 2 (21:03):
No fraud on the credit card, there's no friction, it's
finally settled. So that value in that network is constantly
being recognized by the biggest players in financial spaces because
that value has real world implications that allow you to
scale tremendous capital into it and build financial products off
(21:24):
of it. And we've seen the largest growth over the
last year of ETS in the history of ets. The
most successful ets are all Bitcoin based ets, and ETS
are being added for all the peripheral alt coins on
a daily basis. It's literally the fastest expanding financial market
that exists. Why. Because people demand volatility and people demand
(21:47):
final settlement. People are demanding that the printing.
Speaker 3 (21:50):
Of our cash come to an end, and at the.
Speaker 2 (21:53):
Very least, they want to hold something that gives them
the truest indicator in real time of the globe inflation
rate of anything that man's ever created, So that is
kind of my you know, sorry for the soapbox, but
that's why bitcoin is valuable.
Speaker 1 (22:10):
No, I think it's important. I think it's like a
number of other things. You know, the deep state spying
on us would be another good example, or what actually
goes into the COVID clot shot. It's one of those
things that nobody really understands it, but nobody wants to
admit it, so they just kind of loosely refer to
(22:32):
bitcoin and whether it's good or bad. And part of
the reason the bitcoin bros become so annoying is once
you dive in and actually understand the system, whether you
forward or against it, once you dive in and actually
understand it, it has so many things that are exciting.
You know, you talk about the portability or the fungibility
or the the the and you don't even get into
(22:54):
the fact that the government can't control it the way
they can the currency, and we've seen that with with
monetary policy. Then there they're the ones that are excited
and nobody else knows and you know they begin evangelizing.
Hold on just a moment till On Holloway. His website
is the Archpublic dot com on.
Speaker 2 (23:11):
Michael Berry Show how how long we can keep him?
Speaker 1 (23:16):
Because it was on the fly. But I got a
call from Bertha asking me about bitcoin, and rather than
me answer I have I have a limited understanding of bitcoin,
I said, let me call you the guy that Let
me call the guy that I trust on the matter.
And he spent more time on bitcoin than anybody else
(23:37):
I know. He has a company called the Archpublic dot
Com that clears It's a software company technically that clears
your bitcoin transactions. And maybe if we have a minute,
I'll ask him to explain how that works. It's fascinating.
We've had more than a few conversations about this because
(23:57):
he was one of the guys that could break it
down and make it easy to me without hyping it anyway.
So Tillman Holloway is our guest the archpublic dot Com. So, Tim,
I think the biggest question, and this is, you know,
we've all seen the multi level marketing schemes and scams
take off. We've all seen people try to chase dollars
(24:19):
in growth with these crazy and that's how people get
into the Bernie made Off trouble, and that's how I
get into Alan Stanford trouble, and you know, something sounds
too good to be true, it's usually not. And you
got to ask tough questions, and you've got to be
cynical or at least skeptical. So I think the biggest
question people would have, and I think this was why
the earlier caller called in and I wanted Tom to
(24:41):
talk about this, is this fear that you put money
into bitcoin and then it's just gone. What happens to
keep it from just evaporating. We've seen these pump and
dump schemes with these you know, the the u uh
hawk to a girl and different famous people who put
ch a coin or something and then everybody puts their
(25:02):
money in and all of a sudden boop, pumping dump,
they get all the money in, they run away, and
what can we do about it? So speak to that
and try to be sensitive to the fact that there
are very smart people who can't figure this darn thing
out and they're scared. And I think this probably keeps
money out of the market that could be the bitcoin market,
that could be, you know, but I do because they're
scared that one day somebody turns off the switch and
(25:24):
there's no bitcoin left.
Speaker 2 (25:27):
Yeah, So You ended the last segment with saying that
there is no central party like a government that can
shut it down or control it, and you're one hundred
percent right, and that's what makes it special. The network
that I was referring to as being the biggest network
that's ever been built to handle final transaction settlement, now
that network is being operated by free market dynamics. There
(25:51):
are a group of people called miners, and those miners
are people who have plugged computers into the wall and
given one hundred percent of that capacity of that computer
to the network, to the Bitcoin network, and that is
what provides the security, and that's what is that's what
prints the next bitcoin out of the twenty one total,
(26:11):
twenty one million total that will ever be created. So
when you're a minor, you get rewarded for that computational
power you're giving to the network in bitcoin, and that's
the birth of the new bitcoin that come onto the network.
That will stop at twenty one million, and so there
will be no more bitcoin. Mind, that's the scarcity factor
(26:32):
of bitcoin that drives the price up. So the network
itself can't be shut down by any individual. It's it's
millions and millions of people on every corner of the globe.
Let's just say there was, you know, the worst event
that you could imagine, where there's a global emp that
there's no technology anymore, Like you know, if your money's
(26:56):
in technology, that would be a question you would need
to ask in terms of worst scenario. Well, here's the reality.
The second one person put the code that is called
the bitcoin network to use on the network, the network
would immediately start off right where it left off. It's unkillable,
it's been birthed, and it's etched in stone for all eternity.
(27:20):
Those blocks that have been created that we call the blockchain,
that make up all of the birth of that bitcoin
that they can ever be clawed back, they can ever
be killed. They're here for good. So it's a secure
of a financial network as we've ever created by man.
And if you're talking about like why you should own
(27:40):
a piece of it, well, why should you own some gold,
or why should you own stocks, or why should you
own anything? You should own it for its appreciatory value.
It's had an internal appreciation rate of every year of
over one hundred percent on average. It's outperformed every other
asset class. And on top of it, you control it absolutely.
(28:03):
It's like an emergency fund that you have buried in
the backyard, but you don't have to dig a hole,
and you don't have to dig it up.
Speaker 3 (28:09):
It's electronically buried.
Speaker 2 (28:11):
So it offers a convenience that no other tangible asset provides.
And if you keep a lot of if you want
to keep an emergency fund at your house, there's risk there, right,
And if you keep cash at the house, there's risk
in that. You can do the same thing with bitcoin,
but instead of the cash that's losing value, you can
have bitcoin that's growing in value because it's becoming scarcer
(28:34):
and scarcer, and because the global money supply continues to
go up, and those two factors make bitcoin's price, you know,
consistently gone up over the last sixteen years. So don't
believe me. Believe people that are much smarter like Larry Saints,
who's you know, the sounder of Blackrock, and he controls
as much bitcoin as as anybody on the earth through
(28:57):
his ETF fund. So they put their due diligence. You know,
they've set the bike bar very high. It took traditional
finance extremely long to get into bitcoin. Well, now they're
not just in that they're in the deep end with
both feet and they are creating tremendous momentum in the
(29:17):
space because of their efforts. So it's the bridge of
the traditional finance world with this new digital finance world.
But you can't get rid of It's inevitable. It will
take over everything because it's more convenient, it's quicker transactionally,
it's cheaper transactionally, it requires no human beings, and there's
no errors that ever take place, So it's just superior
(29:39):
in almost every way.
Speaker 1 (29:41):
Tilman Holloway is our guest. His company is called the
Archpublic dot com full disclosure. They are a sponsor of
our show in Houston, and they are a software company
whereby you will get into that in a moment if
he has time where you can make trades on there.
Speaker 2 (29:57):
But he is.
Speaker 1 (29:58):
He has been studying bitcoin for you years long before
we own a company in the space. And I'm going
to tease a subject because we're short on time here
that we'll get to in the next segment. When I
got up, well, I'll see it. Let me just lay
that out and then give you the break. Can you
stick with us?
Speaker 2 (30:14):
Tillman sure? Okay?
Speaker 1 (30:17):
And By the way, if anyone wants to communicate with
Tilman or see his website or whatever else, it's the
archpublic dot com. But I understand a lot of people
are driving. You can email me through our website, Bmichael
Berryshow dot com. And if you email me about any
of our sponsors or anything else, I will forward that
(30:37):
either in this case directly to Tillman, the head of
that company, or for anything else any of our other
show sponsors. If you want to be connected, I know
the heads of each one of those companies, and I'm
glad to connect you. But here's the two things I
want you to think about during the break. So I
get multiple emails on the market on all sorts of things,
(30:58):
And one of the things I saw this morning from
the Wall Street Journal was quote President Trump is signaling
that he will blame the Federal Reserve for any economic
weakness weakness that results from his trade war. He might
also be seeking to delegitimize the historically independent institution in
(31:18):
a way that could undermine its effectiveness. I hope so.
I hope so, because they need to lower the interest
rate to spur economic activity the way they did for Biden,
and they're not and they kept it too low for
too long, which led to inflation. We'll talking about that,
but part and parcels separate story, but I think they're
tied together. President Trump's pledge to make America a quote
(31:40):
bitcoin superpower end quote has set the stage for crypto
to become more intertwined with the banking system. So whatever
you may think of my buddy Tillman Callaway and his
bitcoin fascination, you better know the President of the United
States has committed to bitcoin and making us a leader
(32:01):
in the world in bitcoin. And if you don't think
that's going to have some effect on the legitimacy of bitcoin,
you're not paying attention.
Speaker 2 (32:08):
Coming up,
It's that time time, time, time, luck and load.
Speaker 2 (00:10):
The Michael Verry Show is on the air.
Speaker 1 (00:19):
It's Charlie from Black Beers Mother. I could feel a
good one coming on. It's the Michael Berry Show. I
saw a meme this week and I thought it was
really good, really really wise and said, many people believe
that the grass is greener on the other side, but
(00:41):
actually the grass is greener where you water it. And
I wish I was at a Black church live right now,
because somebody would go as an outward show of boy,
you got us with that one. That was clever. I've
always liked the ooh at a black church. I've spoken
(01:04):
at Black churches many times over the years, particularly as
a candidate, but it's a much more interactive experience. If
you've ever heard Ralphie May on the Black Movie Theater,
it is also a very It's just a different culture.
Some people are uncomfortable if you point out that there
are cultural differences. There is nothing to be uncomfortable about
(01:25):
with that. If you don't think my wife, who spent
her first twenty one years in India, does some things
differently than I do. Because I spent my first twenty
one years in a trailer park. If you don't think
that we have some different ways we do things, then
you're in it. You're Cleopatra Ramon, You're to queen of denial.
You don't Our differences don't need to be something we're
(01:48):
ashamed of. Our differences don't need to be something we deny.
The Left has taught you that celebrate your differences, have
fun with them, make jokes about them. You know, my great,
my great sadness for this country is how many you
know you think about in the history of mankind, people toiled,
(02:12):
they suffered it.
Speaker 2 (02:14):
We didn't.
Speaker 1 (02:15):
It's only yesterday we figured out that if we've got
to cut your leg off, we can at least put
you under so you don't have to have you don't
have to feel it being sawed off. Or if we
take a tooth out, you don't have to sit there
wishing you could die over the tooth. We can put
you under. Hell, I just went under. My dentist put
me under a couple of weeks ago because I was
(02:35):
overdue for a deep clean. And that's a true story.
I was overdue for a deep clean, and I told
him was so bad that if I could get a
little sedation, and he said, you got it. And I
woke up from a nap and I put my tongue
on my teeth, and ah, I feel so good. Truth
be told, I'm not proud of this. I needed a
deep clean because my mother every six months. We didn't
(02:58):
have any money, but my mother took us to the
dentists every six months because good dental care because her
mother lost our teeth was important to her. So my
mom died September nineteenth and I realized I hadn't been
taking good care of my teeth. I needed to go
to the dentist. And I took from September nineteenth until
a few weeks ago to finally bring myself to go
see my show sponsor and get my teeth taken care
(03:18):
of it. That's sad, or what we can I say.
But throughout history, people didn't live very long, and while
they were alive, it was mostly suffering and pain and
filth and disease. We live in such a happy time
relative to that. We got air conditioning, and we've got sedation,
and we got food, and yet we're more miserable than
(03:40):
people have ever been. It's a state of mind. It's
a question of what you're watering. So I'm going to
tell you today, water, how wonderful things are today. Donald
Trump is actually doing what he promised, and that upsets
the left, and the left gets upset, and you get
upset because they're upset. You don't need to be upset.
You need to drink up those tears. The fact that
the left is upset. You know, people say to me,
(04:03):
you know when they die, they're gonna say bad things
about you, Michael, and I say, I hope. So that's
how I know I succeeded. If they're not, If the
Left is not glad when I'm dead, then I didn't
do my job. And that's how I look at it.
So you don't need to cry for me, Argentina. All right,
let's get a started. Phone lines were open seven one
three nine nine nine one thousand seven one three, nine
nine nine one thousand. If you can't get through, you
(04:24):
can always leave a message and to get a start,
as we always do courtesy the greatest executive producer and
all the land chatted Cooney Knakanishi. You're a week interviewer.
Let me just go ahead and tell those of you
whose great grandmother was from Czechoslovakia, and you've got a
check name and it's about all the check you've got,
and you want to out check me if you send
(04:45):
me an email about what is and isn't a galachi,
I'm blocking you because I find that very annoying. You
better check good point, Ramona. You better check yourself itself,
because I know you're out there and I know you're
just truck just dying. I ain't know i'd be rank
A Democrat. Senator Chris van Hollen actually didn't fly to
Nel Salvador and try to rescue an MS thirteen gang member.
Speaker 3 (05:07):
Phil Mahr.
Speaker 4 (05:08):
Abrigo Garcia is an illegal alien MS thirteen gang member
and foreign terrorists who was deported back to his home country.
Speaker 1 (05:16):
The Democrats are in love with all the wrong people,
and I'm here to tell you I hope that continues
because they'll never win another national life at this pace.
They are out of touch with the American people. Risked
burglary to the Southwest Side. Restaurant owner says, if someone
stole raw meats right off the pit as it was
smoking overnight, if all Jacob the third is the owner
(05:37):
and pitmaster of Jacob's barbicane.
Speaker 2 (05:40):
I'm not worried about it now because that pit is
filled and it will pay. You have to bring up welcome.
You would have to come in like welded a loose
to get in that head.
Speaker 1 (05:49):
I love that dude so much. You would have to
weld it a loose.
Speaker 2 (05:52):
Weld it a loose.
Speaker 1 (05:53):
That's that's my kind of people. Well, let's forgnner. We're
having Hamburger Helper halberd Yay years ago, he said, I'm
gonna make you something from your childhood. What do you want?
I said, Hamburger helped you so okay. I had to
call your mom and ask her how to make it.
I said, I can actually tell you this. Put round
round cheap pasta shells and they got a little sauce
(06:14):
in there, the same way Kraft mac and Cheese does.
And if you make my grandmother's corn bread, you will
make me very happy. Just toodles to beat. Have you
ever thought about eating rice?
Speaker 3 (06:21):
Or ron second.
Speaker 1 (06:26):
Nic very fictchool. You're just talking about where you went
to school.
Speaker 2 (06:30):
Be careful, you're.
Speaker 1 (06:31):
Gonna blow an old rig. Captain. Something wong, Well, something
must be right. You were listening to Michael Berry let's
open the phone line seven one three nine one thousand,
(06:51):
seven one three nine nine nine one thousand. Nor should
you find yourself not able to get through or not
able to call when we are on the air, you
can call twenty four to seven and leave a voicemail,
and many people do seven one three nine nine nine
one thousand. And let me just go ahead and say, now,
I'll say this again over the next week or two.
(07:12):
Mother's Day is coming up. I think it's May fifth,
sixth seventh, right around that area. We normally go to
Mother's Day too late to make this happen, but on
on Mother's Day, the Friday before, which is our Mother's
Day celebration, which we consider to be a very important
(07:32):
tribute to mothers. And I'm being completely honest. Paying tribute
is important so that people gets as they say, as
the young kids say, so that people get their flowers
literally and figuratively. But also I think that a lot
of people listen to that. I like to think people
listen to that and go, hey, forty years from now,
(07:54):
I want my kids to say, you know what, let
me be a better mother, let me do more. You know,
maybe maybe I'm maybe those kids are getting on my
nerves because I'm around them too long and I forget
that I'm making their childhood here. Let me let me
make it better. Let me challenge them, let me teach them,
let me discipline them, let me love them, let me
spend time with them. You know what this is. You're right,
it's time end going to be here forever and I'm
spend my old years alone. Let me let me make
(08:16):
it great. So with that in mind, you can call
our line when we are off the air and just
say this is Bob and Nashville or Sam and Tulsa,
and uh, I want to tell you about Mother's Day
and my mother and tell your story, and we would
try to weave some of those in so that our
Mother's Day is not limited to whoever's able to get
(08:37):
in live at that moment. You'll take a minute to
think about your mother, so your name and where you're
calling from, and then whatever your Mother's Day tribute is,
and we'll try to work some of those into the show.
The sooner you call, the earlier we can get it
cataloged and make sure we use it. Now that will
be coming up. That's the Friday before Mother's Day. I
think that's May fifth. Is that my right room? Huh
(08:57):
May ninth? Okay, first move over, bud Light. Nike has
an even dumber idea. Not surprising, these are the people
who brought us Colin Kaepernick OutKick from our friend Klay
Travis is reporting that Nike is allegedly funding a study
on the use of puberty blockers in children and how
(09:18):
it affects their athletic performance. Came to light after a
New York Times story featured a transgender volleyball player from
San Jose State. In the article, the author mentioned Joanna Harper,
a biological male who identifies as a woman and studies
transgender athletes, and it goes on to say, basically, they're
trying to get They're trying to create this woke program
(09:42):
in support of boys playing girls sports. This is just
wicked weird. I mean, if the bud Light case wasn't
the talisman against stupid things like this, then hopefully the
Nike case will be. WELCA two WoT center, Welcome back
(10:03):
to the studio. At halftime the LGBTQ NBA brought to
you by Nike.
Speaker 2 (10:09):
Nike just blew it.
Speaker 1 (10:12):
Let's go down to the court and Dick e V
Dicky VI tell still doing games? How you doing, dickybe?
Speaker 2 (10:18):
Oh we got a transie get in handsy he's in
fot twubble with the diaper Dan.
Speaker 1 (10:24):
D Transy Hansy diaper and the okay, thank you Dickiev.
Speaker 2 (10:29):
That shtick never gets old.
Speaker 1 (10:31):
When we come back, it's second half action. It's the
Hems versus the shims. Tight at eight at half time,
second half action comes your way. We're really doing this.
Speaker 2 (10:42):
This is terrible, aren't it?
Speaker 1 (10:47):
And with that, we shall go to the phone line.
That's funny the first call I looked up at. It's
just the order that they came in as Bertha. And
we're going to end the show with a discussion of
Lulu Roan, who was from he Hall for those of
you old know to remember. And I had I had
set my prep aside for that to be the last
segment because it's kind of a tribute to my mom.
(11:08):
And you'll understand why when when we get there in
an hour and a half. But uh, Bertha was Lulu
Roman's birth name, and it's just kind of I don't
know if it's a god thing as they say, but
here we go. Bertha. You are on the Michael Berry Show.
Go ahead, sweetheart.
Speaker 5 (11:26):
Yes, I hope you and your family are doing well man,
And I am curious what is the currency to back
up the bitcoin? If the dollar is gold, what is
back the bitcoin?
Speaker 4 (11:39):
Well, okay, this is a complicated question. I'm going to
attempt to answer that. To start with, the dollar is
not backed by gold. I'm not a bitcoin enthusiast.
Speaker 2 (11:52):
I don't.
Speaker 1 (11:53):
I don't want anybody to get confused here. I'm not
a you know, there's those bitcoin bros that are they're
all about bitcoin. I'm agnow us on the matter. People
can do it or not do it. That's completely up
to them. I'm not going to poop poo it. But
I'm also not going to promote it necessarily. But let
me say this. You first have to start with the
understanding that the dollar is not backed by gold. When
(12:17):
we went off the gold standard, that meant that was
the license to print money that had no value other
than what we will kind of nod agree is the value.
And when you are no longer limited in currency as
a representation of your gold reserves, now there's nothing to
(12:40):
stop it. And that's why we've seen runaway inflation debt,
spending massive deficits year after year. So start with the idea,
and this sort of underpins bitcoin. Start with the idea
that none of your currency is act by anything in
(13:02):
particular other than the full faith and credit and good
reputation and those sorts of things, but none of them are.
The Bitcoin is a huge part, a huge part of
the See that's the government trying to kill me because
(13:23):
I'm talking about bitcoin and they don't want it. A
huge part of what preserves the value. And I'm not
a bitcoin expert. I have a friend named Tillman who
owns a company called the arch Public. And what they
do is it is an exchange for bitcoin. They are
the software company and they clear that they clear your trades.
(13:48):
But what they do is they have an algorithm where
you go in and set your parameters. That way you
can make your purchases when you're asleep, if a number
hits where you wanted to hit, whether it goes a
certain low or certain high. You know, with the stock market,
you know day traders can be or traders at all
can be awake and alert and ready for a particular
(14:11):
price to occur. With bitcoin is twenty four hours a
day so you need an algorithm to do that. But
let me go back hold on them, Me said, let
me see if I can get him on the line,
because he is he is a guy that can thick,
and he is an evangelist for bitcoin. So but hold on.
Speaker 5 (14:26):
Before Biden came into office, we had a legal immigration
at a record loan.
Speaker 1 (14:30):
Michael, it will be my policy to take down the cartels,
just as I took down the ices calibania. Just playing
you understand. Maybe I am not a cheerleader for bitcoin,
nor am I a cynic on bitcoin. I have had
(14:50):
my experience with the bitcoin bros who can be a
bit much. It's sort of like I said about pot smokers.
I think if people would smoke their pod or do
their gummies, or do whatever else they do, and not
go to festivals and blow it on everybody else, then
people wouldn't have so much of a problem with it.
But bitcoin is in the news quite a bit today
(15:12):
and it's it's constantly kind of hovering, and I think
under this president, you're going to see that more and
more of the case. Because he's a fan of it,
that's clear. He spoke at the crypto conferences, he has
given kind of the the impromoter or im premature, however
you prefer to say it. You know, the blessing to
discuss this openly and coming out of the dart has
(15:34):
been I got a lot of listeners. We have a
show sponsor called the Archpublic dot com and the owner
is a friend of mine, Tillman Holloway. He was a
superstar football player at the University of Texas, and he's
from a gold star lineage of His father was an
(15:55):
All American in football at the University of Texas and
then an NFL Hall of Fame as an NFL player,
and his other grandfather was a guy named Jack Trotter
who in Houston was a legend. And this guy was
a deal maker, extraordinary, and everybody in Houston above the
age of sixty or certainly seventy remembers this guy when
(16:17):
he was the stuff of movies. Anyway, So Tillman is
my kind of guru on bitcoin matters. And because this
issue comes up a lot a lot, I called him
and was fortunate enough to catch him free to speak
to us for a moment. So, Tillman, the first question
I want to ask you. We had a caller going
into the break and she said, what is bitcoin back
(16:39):
by because the dollar is backed by gold, and I explained, no,
it's not. We're off the gold standard. But explain where
the value of bitcoin comes from.
Speaker 2 (16:51):
Sure, yeah, thanks for having me. Let's start with what
is the value of money? What are the properties of
money that make it value? Scarcity is one of them.
We have to trust that someone can't print it to infinity,
that there's a scarce amount of them, because that creates stability.
(17:12):
We have to have divisibility. It has to be able
to measure a grain of sand and the entire economy
because it's an indicator of that inflation. It has to
be portable. We have to be able to, in a
digital economy, move value very quickly across the globe in
a way that is efficient, it doesn't cost a lot.
(17:35):
It has to be verifiable. The money has to be
something that we can verify settlement and transactions. So the
way we trust money right now is through intermediaries, through
other companies like the Visa network, like Swift. There are
third parties that charge a lot, that use archaic technology
(17:56):
to get it done. It takes a long time. It
injects a lot of friction into that said, world economy
and bitcoin changes all of that. Bitcoin is absolutely scarce.
There is only twenty one million that will ever exist,
and no one can print more. It's divisible down to
(18:17):
eight zeros beyond the decimal point, so you can trade
one sat, which is a fraction of a cent, all
the way up to transferring billions of dollars across the
globe for dollars and pennies. It's divisible. It can measure in.
Speaker 3 (18:33):
That you know, eight decimal points.
Speaker 2 (18:36):
You can measure all the way up to a world economy.
You can literally put trillions and trillions of dollars into
the network and it can be measured very effectively. It's
built that way. It's portable. I can literally send that
bitcoin anywhere I want, any day of the week. No
one can stop me. It's peer to peer with no
third party intermediary. It's verifiable. The network of computers that
(19:01):
make up any valuable company today. Google, what is it?
It's a network of computers? Amazon? What is it? A
network of computers? Facebook? What is it? A network of computers?
Bitcoin is a network of computers just like all of
those companies, but instead of it being controlled by a
central company that has their motives in the forefront of
(19:25):
their existence. This is a code that every computer that
wants to participate in a network has to abide by
the rules and has to use the exact code, or
it does not get into that said network. That dickcoin
network has grown over the last sixteen years to be
the largest network that's ever been created by man, that's
(19:46):
transferred more value trillions and trillion, hundreds of trillions of
dollars of value without one accounting error, without one double
spin error, from anywhere on the globe, to anywhere on
the globe, any day of the week. So it is
by definition, the best form of money that's ever been created.
(20:09):
And when we used to measure things against gold, we
had limitations. Gold is not portable. You can't send gold
anywhere you want to any day of the week without
a great deal of security cost, transportation costs, and if
you send it via paper, there's no final settlement. So
you're making compromises on what we value as the core
(20:33):
characteristics of money with any asset other than bitcoin. So
that's kind of the way I look at it. And
so when you buy into bitcoin, you're buying into a
network that is the largest on Earth that can achieve
transactional finality in a very short period of time, which
is on average twelve minutes. So it's like being able
(20:53):
to send cash in an email, and once that person
opens up the email and pulls the cash out, you
can't get the cash back.
Speaker 3 (21:02):
There's no chargebacks, there's.
Speaker 2 (21:03):
No fraud on the credit card, there's no friction, it's
finally settled. So that value in that network is constantly
being recognized by the biggest players in financial spaces because
that value has real world implications that allow you to
scale tremendous capital into it and build financial products off
(21:24):
of it. And we've seen the largest growth over the
last year of ETS in the history of ets. The
most successful ets are all Bitcoin based ets, and ETS
are being added for all the peripheral alt coins on
a daily basis. It's literally the fastest expanding financial market
that exists. Why. Because people demand volatility and people demand
(21:47):
final settlement. People are demanding that the printing.
Speaker 3 (21:50):
Of our cash come to an end, and at the.
Speaker 2 (21:53):
Very least, they want to hold something that gives them
the truest indicator in real time of the globe inflation
rate of anything that man's ever created, So that is
kind of my you know, sorry for the soapbox, but
that's why bitcoin is valuable.
Speaker 1 (22:10):
No, I think it's important. I think it's like a
number of other things. You know, the deep state spying
on us would be another good example, or what actually
goes into the COVID clot shot. It's one of those
things that nobody really understands it, but nobody wants to
admit it, so they just kind of loosely refer to
(22:32):
bitcoin and whether it's good or bad. And part of
the reason the bitcoin bros become so annoying is once
you dive in and actually understand the system, whether you
forward or against it, once you dive in and actually
understand it, it has so many things that are exciting.
You know, you talk about the portability or the fungibility
or the the the and you don't even get into
(22:54):
the fact that the government can't control it the way
they can the currency, and we've seen that with with
monetary policy. Then there they're the ones that are excited
and nobody else knows and you know they begin evangelizing.
Hold on just a moment till On Holloway. His website
is the Archpublic dot com on.
Speaker 2 (23:11):
Michael Berry Show how how long we can keep him?
Speaker 1 (23:16):
Because it was on the fly. But I got a
call from Bertha asking me about bitcoin, and rather than
me answer I have I have a limited understanding of bitcoin,
I said, let me call you the guy that Let
me call the guy that I trust on the matter.
And he spent more time on bitcoin than anybody else
(23:37):
I know. He has a company called the Archpublic dot
Com that clears It's a software company technically that clears
your bitcoin transactions. And maybe if we have a minute,
I'll ask him to explain how that works. It's fascinating.
We've had more than a few conversations about this because
(23:57):
he was one of the guys that could break it
down and make it easy to me without hyping it anyway.
So Tillman Holloway is our guest the archpublic dot Com. So, Tim,
I think the biggest question, and this is, you know,
we've all seen the multi level marketing schemes and scams
take off. We've all seen people try to chase dollars
(24:19):
in growth with these crazy and that's how people get
into the Bernie made Off trouble, and that's how I
get into Alan Stanford trouble, and you know, something sounds
too good to be true, it's usually not. And you
got to ask tough questions, and you've got to be
cynical or at least skeptical. So I think the biggest
question people would have, and I think this was why
the earlier caller called in and I wanted Tom to
(24:41):
talk about this, is this fear that you put money
into bitcoin and then it's just gone. What happens to
keep it from just evaporating. We've seen these pump and
dump schemes with these you know, the the u uh
hawk to a girl and different famous people who put
ch a coin or something and then everybody puts their
(25:02):
money in and all of a sudden boop, pumping dump,
they get all the money in, they run away, and
what can we do about it? So speak to that
and try to be sensitive to the fact that there
are very smart people who can't figure this darn thing
out and they're scared. And I think this probably keeps
money out of the market that could be the bitcoin market,
that could be, you know, but I do because they're
scared that one day somebody turns off the switch and
(25:24):
there's no bitcoin left.
Speaker 2 (25:27):
Yeah, So You ended the last segment with saying that
there is no central party like a government that can
shut it down or control it, and you're one hundred
percent right, and that's what makes it special. The network
that I was referring to as being the biggest network
that's ever been built to handle final transaction settlement, now
that network is being operated by free market dynamics. There
(25:51):
are a group of people called miners, and those miners
are people who have plugged computers into the wall and
given one hundred percent of that capacity of that computer
to the network, to the Bitcoin network, and that is
what provides the security, and that's what is that's what
prints the next bitcoin out of the twenty one total,
(26:11):
twenty one million total that will ever be created. So
when you're a minor, you get rewarded for that computational
power you're giving to the network in bitcoin, and that's
the birth of the new bitcoin that come onto the network.
That will stop at twenty one million, and so there
will be no more bitcoin. Mind, that's the scarcity factor
(26:32):
of bitcoin that drives the price up. So the network
itself can't be shut down by any individual. It's it's
millions and millions of people on every corner of the globe.
Let's just say there was, you know, the worst event
that you could imagine, where there's a global emp that
there's no technology anymore, Like you know, if your money's
(26:56):
in technology, that would be a question you would need
to ask in terms of worst scenario. Well, here's the reality.
The second one person put the code that is called
the bitcoin network to use on the network, the network
would immediately start off right where it left off. It's unkillable,
it's been birthed, and it's etched in stone for all eternity.
(27:20):
Those blocks that have been created that we call the blockchain,
that make up all of the birth of that bitcoin
that they can ever be clawed back, they can ever
be killed. They're here for good. So it's a secure
of a financial network as we've ever created by man.
And if you're talking about like why you should own
(27:40):
a piece of it, well, why should you own some gold,
or why should you own stocks, or why should you
own anything? You should own it for its appreciatory value.
It's had an internal appreciation rate of every year of
over one hundred percent on average. It's outperformed every other
asset class. And on top of it, you control it absolutely.
(28:03):
It's like an emergency fund that you have buried in
the backyard, but you don't have to dig a hole,
and you don't have to dig it up.
Speaker 3 (28:09):
It's electronically buried.
Speaker 2 (28:11):
So it offers a convenience that no other tangible asset provides.
And if you keep a lot of if you want
to keep an emergency fund at your house, there's risk there, right,
And if you keep cash at the house, there's risk
in that. You can do the same thing with bitcoin,
but instead of the cash that's losing value, you can
have bitcoin that's growing in value because it's becoming scarcer
(28:34):
and scarcer, and because the global money supply continues to
go up, and those two factors make bitcoin's price, you know,
consistently gone up over the last sixteen years. So don't
believe me. Believe people that are much smarter like Larry Saints,
who's you know, the sounder of Blackrock, and he controls
as much bitcoin as as anybody on the earth through
(28:57):
his ETF fund. So they put their due diligence. You know,
they've set the bike bar very high. It took traditional
finance extremely long to get into bitcoin. Well, now they're
not just in that they're in the deep end with
both feet and they are creating tremendous momentum in the
(29:17):
space because of their efforts. So it's the bridge of
the traditional finance world with this new digital finance world.
But you can't get rid of It's inevitable. It will
take over everything because it's more convenient, it's quicker transactionally,
it's cheaper transactionally, it requires no human beings, and there's
no errors that ever take place, So it's just superior
(29:39):
in almost every way.
Speaker 1 (29:41):
Tilman Holloway is our guest. His company is called the
Archpublic dot com full disclosure. They are a sponsor of
our show in Houston, and they are a software company
whereby you will get into that in a moment if
he has time where you can make trades on there.
Speaker 2 (29:57):
But he is.
Speaker 1 (29:58):
He has been studying bitcoin for you years long before
we own a company in the space. And I'm going
to tease a subject because we're short on time here
that we'll get to in the next segment. When I
got up, well, I'll see it. Let me just lay
that out and then give you the break. Can you
stick with us?
Speaker 2 (30:14):
Tillman sure? Okay?
Speaker 1 (30:17):
And By the way, if anyone wants to communicate with
Tilman or see his website or whatever else, it's the
archpublic dot com. But I understand a lot of people
are driving. You can email me through our website, Bmichael
Berryshow dot com. And if you email me about any
of our sponsors or anything else, I will forward that
(30:37):
either in this case directly to Tillman, the head of
that company, or for anything else any of our other
show sponsors. If you want to be connected, I know
the heads of each one of those companies, and I'm
glad to connect you. But here's the two things I
want you to think about during the break. So I
get multiple emails on the market on all sorts of things,
(30:58):
And one of the things I saw this morning from
the Wall Street Journal was quote President Trump is signaling
that he will blame the Federal Reserve for any economic
weakness weakness that results from his trade war. He might
also be seeking to delegitimize the historically independent institution in
(31:18):
a way that could undermine its effectiveness. I hope so.
I hope so, because they need to lower the interest
rate to spur economic activity the way they did for Biden,
and they're not and they kept it too low for
too long, which led to inflation. We'll talking about that,
but part and parcels separate story, but I think they're
tied together. President Trump's pledge to make America a quote
(31:40):
bitcoin superpower end quote has set the stage for crypto
to become more intertwined with the banking system. So whatever
you may think of my buddy Tillman Callaway and his
bitcoin fascination, you better know the President of the United
States has committed to bitcoin and making us a leader
(32:01):
in the world in bitcoin. And if you don't think
that's going to have some effect on the legitimacy of bitcoin,
you're not paying attention.
Speaker 2 (32:08):
Coming up,
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