The Big Lie About Wealth

In this brief live session, Oliver Velez reveals a big lie connected with wealth. He explains why wealth, even for those who believe they've achieved it, is a farce. Wealth is fake in many cases for most. He also goes into the three great forces of theft that prevent real wealth from happening or being achievable for most. This session is an eye-opening. Watch, listen and learn.

This Live session took place on X (Twitter) on October 08, 2024

Episode Transcript

Speaker 1 (00:01):
Statistical metal matical value never has been down. It's broken
every single record.

Speaker 2 (00:06):
There is no asset that has come close.

Speaker 3 (00:10):
It's the only thing in the industry that was not touched,
that was not and it never fails doing what it
promised in two thousand and nine.

Speaker 1 (00:21):
It's never the best performing asset the world has ever seen.
And you'll find out that it's a bitcoin, all right, traders, bitcoiners, Welcome, Welcome, Welcome, Welcome,
another surprise impromptu live session here with Oliver Les and

(00:43):
I'm going to take a little bit of time to
talk about my favorite topics bitcoin today and it's connection
to wealth, a very very interesting topic I just want
to share with you. I am going to try to
keep this more brief so it won't be like many
of my other live sessions, which tend to run, you know,

(01:04):
closer to the two hour mark. This is going to
be a little bit more brief and maybe I'll even
have some time to take some of your questions. So guys,
come on in. I know it's a surprise. I did
not give you any advance warning regarding this talk. It's
something that I've just decided to do off the cuff here,
but it's such a fascinating topic. I don't want you
to miss it. I'm unable to go live on x

(01:27):
or formerly known as Twitter. I accounts under review, and
after broadcasting the fact that I'm going to be live
here on YouTube, that review might be permanent, so I
don't really care anyway. Guys, welcome, welcome. I appreciate every
single one of you who can basically pop in on
these live sessions, even when I don't give you much notice.

(01:49):
I appreciate your availability, I appreciate your interest and listen,
just simply wanting to hear what I little old me
have to say about bitcoin, the topic of wealth and
trading and so forth and so on. So come on in, guys.
Make yourselves comfortable. Grab the beverage of your choice, always saying,
grab something to write with. Take some notes. If you

(02:11):
have an AHA moment, jot that down. If something makes
you ponder a little bit more than normal, jot that down.
Note taking is very powerful. There's power in the pen, guys,
this power in the pen. So let's go. Let's go,
all right, guys, I see Korea is in the house

(02:32):
here where else are we from? India is in the house,
while India's here Korea is here. Let me see where
you're from while we wait for just a few additional
people to sort of log in here. So, India is
in the house, Korea is in the house. Who else

(02:53):
is in the house here? Good morning, good afternoon. Holland
is here, Malaysia all right, fantastic. Wow, Okay, New York City, fantastic,
My old stomping grounds where I was born. All right,
UK is in the house. Who all right, we're going

(03:13):
by fast. UK is in the house. Spain's in the house. Detroit,
Michigan's in the house. Canada is in the house. California
is in the house. Yes, yes, yes, international audience, guys,
Welcome to everyone. All right, Welcome to everyone. So look,

(03:35):
I spend a great deal of time talking about trading
as it relates to its possibility to generate high levels
of income, which ultimately can generate into wealth accumulation. I

(03:56):
spent a great deal of time in on that topic.
I have spent or dedicated a big portion of my
life people to helping individuals, training individuals to do what
I did with my life. I started in the financial
markets very early. I was fortunate enough to do that

(04:19):
all the way back in the early nineteen eighties. Started
my career on Wall Street in nineteen eighty six. By
the time nineteen ninety four came around, I got large enough,
big enough, successful enough to branch off and start my
own Wall Street firm. I managed to grow the second

(04:42):
largest direct access brokerage firm in the United States. I
managed to work on projects some of the first trading
oriented platforms that sold for hundreds of millions of dollars.
I've been a best selling international author on the topic
of trading markets for or living. I continue to be

(05:02):
one of the most sought after speakers on the topic
of trading markets for a living all over the world.
Every single year, I have over thirteen thousand traders across
ninety five different countries, a portion of which I actually
personally fund myself. I probably taught more people on Wall

(05:23):
Street and even on Main Street. Been almost all of
your key professional trading experts combined, not really talking about
your YouTube people really talking about the professional space. And
I tell you all of that. I tell you all

(05:46):
of that to say this, I've been doing this for
the past thirty plus years. I've been trading for the
past forty three years. Thirty seven of those years has
been professional trading in a professional capacity, and thirty years
slightly more than thirty years, I've dedicated the majority of

(06:07):
my time to training others to do what I was
able to accomplish with my life, to generate a constant
flow of a high level of income, largely on a
daily basis, which ultimately gave me the ability to take
portions of that accumulated income and go for bigger gains
in long term wealth oriented holes. And then that period

(06:32):
was massively successful, which led me into what I believe
is the ultimate wealth oriented asset of bitcoin. All Right,
so today I do everything for bitcoin. I want everyone
to be aware of that. I used to do everything
for dollars. Today bitcoin has replaced the dollar for me,

(06:53):
and so I trade for bitcoin. I do everything in
my life for bitcoin. Why bitcoin is the money for
me now? The US dollar used to be the money
for me. Now Bitcoin is the money for me. So
if I have dollars, those dollars, if I don't need

(07:14):
those dollars to buy eggs, to put gas in the car,
to whatever the daily little insignificant things, I use the
crap money for those things, and whatever I have, whatever
dollars I have over and beyond what I need for

(07:34):
the insignificant things for survival on a day to day basis,
that goes into bitcoin. So bitcoin is my ultimate vault.
It is my storage bind, It is my wealth and
it stays there. So I do deal in two forms
of money. My trading doesn't generate bitcoin directly. My trading

(08:00):
generates fiat currency. It generates dollars. But those dollars are
split into two parts what I need to live day
to day, all right, and then the other part that
I don't need goes into bitcoin directly. That's my vault,
that's my money, that's wealth. And a lot of people

(08:22):
ask me say, Oliver, do you feel that I should
you know, you know, should I be a short term
oriented trader or should I be a longer term trader
and go for wealth? That is really the inappropriate question.
You need to be a full rounded person. You need
a stream. You need to go out in mind dollars

(08:45):
or mine something you need to that's your income stream.
You also need to build wealth. You don't choose between
income and wealth. You need both of them combined, all right.
And so trading has been my number one vehicle to do.
That doesn't have to be your vehicle. Your vehicle just
be good having a career or a job or what

(09:06):
have you. Running a business is the way you mind fiat.
But today, in my opinion, one of the only ways
to achieve true wealth in the future is if you're
going to take the portion of FIAT that you mind,
a portion of the US dollar, the dollars that you

(09:26):
mind through your activity, and you sock away in bitcoin.
I don't believe that going forward, doing this in a
big way with equities is going to keep you ahead.
I don't believe going forward that taking a portion of
this income that you mind in socking it away for

(09:49):
future wealth in real estate, I don't think that's going
to work like it's worked in the past. I don't
think equities are going to work like they've worked in
the past. I'm not gonna say they're not going to
work at all. All I'm saying is that there's a
new king to wealth accumulation, and that king is here
to stay for a very long time, and that new

(10:11):
king is called Bitcoin. Now, with this all being said,
now that you know my approach, I want to explain
to you why I believe that most people don't realize
that the game of wealth today, it wasn't always this way,
but the game of wealth today, people, is a lie.

(10:36):
And I am going to reveal the dirty secret behind
this carrot approach that is thrown in front of us
to go out there and acquire wealth and get ahead.
That's all alive today. Wealth Even for some who believe

(10:59):
that they've achieved wealth, they're really not wealthy at the
level they think they are. Some are not wealthy at all,
even though on paper it might seem like they're wealthy.
So I want to reveal the great lie behind the
story of wealth today, okay, and I want to talk

(11:25):
about the three things that are the three great forces
that actually prevent wealth from happening today like it used
to happen in the past. I'm also gonna finally tie
in how bitcoin fixes this, saves you or delivers you

(11:49):
out of this these three forces and brings the possibility
of wealth to you like nothing else can. All right,
so let me begin the first thing. Why do I
tell you that wealth today is largely a fugazy fake.

(12:10):
It's alive because of the items that have been available
to us to try to accumulate wealth. What are the items.
Let's cover the items. Okay. So there was a time

(12:32):
when if you managed there was a time in my
great my grand mother my grandfather's error, the way to
become wealthy, to separate yourself above all the rest, was

(12:57):
through education. And my grandmother their error was all about education.
It was all about getting a college degree, because at
that time, for my grandmother and grandfather, if you got
a college degree, it was automatic wealth for you. You could

(13:20):
elevate your life beyond all the masses and sort of
occupy the top of the pinnacle. Education was the vehicle
to wealth in my grandmother and my grandfather's error. Now
in the next generation, my mother and father, it was

(13:41):
no longer education. You could not be guaranteed wealth or
to be at the top of the pyramid. In my
mother and my grandfather and my mother and my father's error,
education fell by the wayside. It was still important in
their error, but it didn't guarantee you that it leaked life.
It gave you some better odds, but it wasn't a

(14:03):
guarantee like it was in my grandmother and my grandfather's error.
What became the almost guarantee in my mother in my
father's error was homeownership. You see, anyone during my mother
in my father's generation, if they managed to buy a
home in the nineteen sixties, if they managed to buy

(14:26):
a home in the early nineteen seventies, by late eighties, nineties,
and certainly the two thousands, they were all wealthy. It
was the number one, the closest thing to a guarantee
of generating wealth over a few decades. First, for my

(14:46):
grandparents it was education, a college degree. For my mother
and father, it was homeownership. Homeownership almost guarantee. If you
held on, you would be considered wealthy a few decades later. Okay,

(15:07):
Now come to my generation. I'm the generation that follows
my mother and my parents. Home ownership was okay, but
it didn't guarantee wealth like it did for my parents.

(15:27):
It still gave you some good odds, but it was
no longer at the guarantee level. Something else took over
the guarantee level in my error, and that was, well,
what do I do for a living? What made me?
What acquired my wealth? Financial markets, the financial world, the

(15:51):
equity market, the stock market in particular, became the number
one guarantee need way to wealth. There are more people
wealthy today because of the stock market, because they put
money into their four to one K plans that dcaid
into the S and P five hundred over the last

(16:12):
twenty to thirty years. They're wealthy today. So equity markets,
in particular, the stock market took over the real estate.
Real estate took over education, do you understand, And before
education my great great grandparents, was a unionized job set

(16:38):
you apart from everything. So first was a job. Just
having a freaking job and a guaranteed one locked in
by a good union, you were guaranteed to live above
the vast majority of masses that was considered wealth back then.
So a job first, preferably one that was supported and

(17:02):
protected by union. Then it was then then having a job,
a unionized job, was no longer cut it as a
guarantee to live above everyone else. It became you needed
to actually go to a level above the unionized job
with a college degree. And with a college degree you

(17:23):
were guaranteed to be elevated beyond the level of the past.
And then after a college degree became more prevalent, it
became something else. It became homeownership. And then after home
ownership all right, after the fat part of the games
with homeownership occurred and everybody's got a home. Now. It

(17:48):
became something else. It became equity investing. It became investing
in the stock market index investing using the SMP as
you're index, and that became the guarantee. That's my generation,
and I'm almost sixty years old. So what about the

(18:12):
next generation after me? My children and their children. What's
the next thing? It is never the same thing? Do
you understand? Every generation has their new thing. And I'm

(18:33):
telling you it is not real estate. That's two generations ago.
They don't die right away, they just on decline. It's
not equities. It's not the stock market anymore. It's not
getting a college degree anymore. It's not having a unionized
job anymore. What is it? It's bitcoin. It's the new

(18:57):
digital front tier. This is the first generation that is
digitally native. Do you understand this. I wasn't digitally I
was born before the ubiquitous nature of the personal computer,
the internet and so forth and so on. I was

(19:17):
born before that. But my kids were born natively in
the digital world. And because they were born in completely
in a different world from me, their item for future
wealth is not in my world. It's in their world.
The world that they grew up. The only thing they

(19:38):
knew was the internet. The only thing they knew was
the personal computer. And my younger ones, the only thing
they knew were smartphones and iPads and so forth and
so on. So the item of wealth for them is
digitally native in their world, and that's bitcoin. Now, let

(19:58):
me tie this in as to how I want to
communicate to you that wealth is largely fake today because
of the following. Today, if you have a home that

(20:28):
you bought for half a million dollars, right, you invested
in a home that costs a half a million dollars,
this home today is worth one point five million, throwing

(20:49):
you into the millionaire camp. As far as an asset
is concerned. The house has has more than doubled, has
doubled twice. It's gone from five hundred thousand to being
worth one point five million. Okay, this makes that person

(21:13):
feel wealthy. Do you understand it makes them feel wealthy
a wealthier? Okay, we know today a million and a
half is not a lot, but let's get let's sidestep
that for the moment, all right, It does make the
homeowner feel wealthy. But is the homeowner wealthier? I'm here

(21:38):
to tell you absolutely not, absolutely not. Despite the fact
that the value of that home that as set storing
the value of your investment has gone up. From a
numbers perspective, the individual has not gotten wealthier. Why because

(22:04):
listen to me carefully, people, and tell me if you
understand what I'm about to say. I'm gonna pause and wait.
The reason why that person's not wealthier, even though they
think they are, is because everything else in the world
has gone up by the same amount or more. That's

(22:26):
the freaking saying. It's all a farce on paper. If
your home is gone up by four hundred percent and
everything else has gone up by four If your I mean,
if your home is gone up by two hundred percent
and everything else has gone up by two hundred percent,

(22:47):
how are you wealthy? How have how has anything freaking changed?
Do you understand what I'm saying? Guys, do you see
the game being played? Do you see the numbers game
being played? How it's just all based on a fields
fide and not revolting against all this bullshit that's happening.

(23:12):
Do you understand this? Let me know, Rosie says yes,
tell me, as somebody tell me if they understand. I
just want to see a few of you. If your
so called wealth is gone up by one hundred percent
but everything else has gone up one hundred percent, you're
in the same freaking place. You haven't moved. That's not
what wealth is about. Wealth is about gaming. It is

(23:35):
not about staying the same. All right, all right, awesome, Yes, understand, Yes, understand?
Good agreed? Boom, Yes, absolutely good, clear as water. I
love it. Awesome. Okay, So I'm not finished with this,

(23:56):
So in my book, staying the same with your purchasing power.
Oh wow, my stocks have gone up one hundred percent,
but everything else in the world has gone up two
hundred percent. You're actually poorer. All right. Milk is up

(24:17):
more than the stock market. Do you understand that milk
is If you could, if milk was a stock, you'd
be killing it. Do you understand what I'm saying? If
a bottle of water was a stock, you'd be killing
You'd be killing the stock market, You'd be killing almost
everything out there. If milk was if bread was a stop,

(24:39):
if if milk was a stock, do you understand that
almost everything else is going up more than the things
that make you feel wealthy. It's all a freaking farce.

(25:00):
The guy who says, man, damn, I scored huge on
my home. I bought it a five hundred selling this
at one point five million. Yeah, but now where you're
gonna go because every other home is gone up too.
So if every other home went up the same amount,

(25:23):
you didn't, You didn't move at all. If every other
five hundred thousand dollars home went up to one point
five million, you're exactly the same place. You understand, You're
exactly the same place. If you got to go now
buy another home for yourself, you haven't gained anything. Now,

(25:46):
it would be different if your house went up one
point five million and no one else's house went up
one point five million, and every other house is still
five hundred thousand. Now that's wealth accumulation. You beat the system.
You're the only house that went up. No other house
went up, So now you sell yours and get another

(26:08):
one cheaper. That's wealth accumulation. But if every other freaking
thing is gone up at the same pace or more, dude,
you're falling behind.

Speaker 2 (26:19):
That is not well.

Speaker 1 (26:21):
And this is why people feel like I don't get it.
Why do I feel poorer but on paper it says
I'm doing good, But I don't feel like I'm doing good,
like I'm rich on paper, but I don't feel rich.
I'm still struggling. But I guess I'm just ungrateful because

(26:46):
on paper it says I'm okay. But why don't I
feel okay? Why do I feel like my grandparents live
better than me? But on paper it says I'm better
than my grandparents. I don't freaking get this, And there's
millions of people in this plight. They don't get it.
Like I have a bigger salary than everyone else in

(27:11):
my family, and I feel like I live worse, I'm poorer.
I don't something's wrong because it's all a lie. Crazy, right,
That's why so many people in Northeastern state sell their
houses and buy cheap in the South. That's that's right.

(27:34):
So they they have to in a way downgrade build
to create the real wealth. You understand, because if they
stayed there, if they sold in the Northeast and bought

(27:56):
back in the Northeast, they'd realize you have a gained
at all. In fact, you've probably lost because when you
start to add all the things, the costs that were
associated with your waiting for that that increase time is
a cost. Taxes are a cost, and so for and
so on, fees and maintenance and repairs and that. The

(28:21):
lawyers and lawn lawn care people and you know, so
they realized, like, shoot, if I keep it even, I
did not get ahead. So now you got to play
tricks of the trade to try to get ahead. Tricks

(28:44):
to the trade. Let me go to where poorer people live.
I was where wealthier people live. Let me go now,
And that's the only way I can do it. I
got to go to where poorer people live to make
this count for myself. It's all freaking fake. Wasn't fake

(29:05):
in the past as much as it is today. But
wealth is fake. I told I told my wealth traders
early in January this year, I said, look, by the time, no,
in twenty twenty two, I'm sorry, all the way back
in twenty twenty two into twenty twenty three, even the

(29:25):
beginning of twenty twenty four, I said, Listen, markets will
be at or near all time highs by the US
presidential election. Where are we near all time new highs?
Markets will because the election, the election needs for the incumbent.

(29:45):
It needs people to feel wealthy. And the number one
way in this generation, remember not the next next are
my children. But the number one way for the biggest
part of the voting population is still the stock market.
So you've got to have that shit near at or
near all time new highs during an election year, especially

(30:10):
as you get to the election. That's the way you
create the feeling of wealth. But the stock market has
gone up less than most things in life, and we're
not we haven't even got to taxes yet. So it's

(30:32):
all a feeling. It's all a fugazy it's all fake paper.
It's not real. It's a mirage unless you know how
to really play the game and get free from it. Now,
is this another live What do you mean? Is this

(30:54):
another live or repetition from yesterday? Aleandree? What are you
talking about? Dude? We're live, We're live, all right? So
h all right here, let me see, let me see it.

(31:15):
Just share this live to one uber rider. Awesome, fantastic,
all right, So check this out, guys. This is freaking
the amazing part right. Let me let me, let me,
let me, let me fix this light a little bit here,
so I want to show you the h I want to.

(31:42):
I want to reveal to you the three things that
stop wealth from happening. They're three thieves. If you will,

(32:04):
do you understand these are the three things that have
been put in place to steal your ability to actually
get wealthy without messing up the mirage that makes you
feel wealthy. You see, you have to be left feeling wealthy.

(32:27):
But in truth, when you lick the curtain and you
see oz for what it is, you realize there's no
wealth at all. That wealth is virtually impossible to accumulate,
not impossible virtually for the majority of people. Wealth is
not possible to accumulate because of these three things. And

(32:51):
I want you to write them down, all right. The
three things that take wealth away, or take the possibility
of wealth away from most of you are this number one.
Write it down. Monetary debasement, all right, money debasement. That's
a fancy word for printing money. Every single time you're

(33:16):
working for a dollar, you're working for a dollar. You're
giving your life in everything for a dollar. You're mining dollars,
all right. But this dollar that some artists that the
government hired an artist to paint the number one on it.

(33:36):
Someone paint the number one a dollar, and then someone
put a zero, painted another one put a zero next
to the one. Made the numbers very artful and beautiful.
This one's a ten, and the artist puts another zero
behind the zero, and this one's a one hundred. So
these pieces of paper are what you're working for, Okay,

(34:00):
pieces of paper where an artists drew numbers on it. Right,
Yet understand that the paper with the one on it.
In nineteen thirteen, my great great grandparent, my great grandparents,
they had a dollar. They had a one on their dollar,

(34:21):
and it was different from the one I worked for.
So we both have a dollar. My great great my
great grandparents had a dollar bill. They worked for a
dollar bill. I work for a dollar bill. The number
is the same, but the value is not the same.
That's theft. That's theft. Do you understand? Like, so the

(34:45):
dollar for my grandparents, but a week's worth of groceries.
Let's say my dollar doesn't even buy a bottle of water.
Same number, value different. So the power of the number

(35:11):
one was taken from me. My grandparents had the power
of a one greater than the power of my one dollar,
and every generation gets robbed from because the number one
on their dollar is less than the number one on

(35:34):
their parents' dollar. This is stealing from the next generation.
The one is the same. You understand this. They don't
change the the artist doesn't change the number, but the
power behind the number changes. So the real trick is,

(35:57):
let's keep the number the same. Let's rip the value
away slowly so no one notices. And so you're fighting
to stay above ground. But the dollars you're standing on

(36:19):
are being the value is being It's like someone stuck
stuck a pin in the value. And as the value
is shrinking, you're still trying to stay above ground. But
the value of what you're standing on keeps going down.
So you have to keep jumping higher, right higher to

(36:42):
stay at the same level because what you're standing on
is going down. So as it's going down, in order
to stay higher, you have to keep jumping higher. And
at a certain point you can't physically jump high enough
to stay even anymore. I mean, you're not six sss,
you're not seven feet, you're not a freaking professional basketball player.

(37:05):
Ete are sort of a certain point, you just can't
jump high enough to stay even because what you're standing
on is losing value, losing air every single moment of
your life, making you have to jump leap higher your

(37:26):
whole life to stay ahead. Now, let me show you this.
I will show you this. This is a slide. This
is two images from Blackrocks pdf. Guys, this is Blackrock,
the largest money manager in the world, is traveling all
over the world having private meetings with their best clients,

(37:50):
showing them these two slides. The left slide on the
left is showing them reminding them that the value of
the dollar that you are working for or is doing this,
it is dropping, which means that if you do nothing,
you become poor. You are forced to work for this.

(38:11):
You have no choice. Simply because you were born in
the United States. You have no choice but to go
out into the world, give your life, your value, your time,
your energy, your efforts, your education, your information, your talent.
You have to give that away to the country. And

(38:34):
in exchange for that, you can only receive that. There
is no choice. You can't receive anything else. Your country
won't allow it. You can't say, well, give me, give
me I want Japanese yen. No, you're gonna get dollars.
You're an American. You're here. This is our plantation. We

(38:57):
run the plantation. We make the money. We make the
coupon you work for. You work for my coupon, and
everyone has to chip in. Everyone has to work just
like a slave. You're born here and everybody has to
work here, and you work for our money. But we're

(39:19):
gonna make sure that every single year the coupon that
we have artists draw numbers on that every single year
it's worth less. Why because we need you working harder
every year. So if a dollar buys you a week's
worth of groceries this year, it's gonna buy you zero

(39:41):
point seventy five groceries. It's gonna buy you three quarters
of a week's worth of groceries next year. So you'll
have to work a quarter twenty five percent more for
me next year. And then the next year that one
dollar's gonna buy you half a week of groceries. It's

(40:01):
gonna say the same number, one dollar, but it's gonna
buy you now half a week. So now you gotta
work twice as hard for the same milk, eggs, meat, whatever.
And then the next year it's gonna be worth twenty
is gonna buy you a quarter of a week's worth

(40:21):
of groceries, which means that now you have to work
three times is hard, and so every single year of
your life, the number will never change on your dollar,
but the amount of work you have to give me
will increase until the day you die. You will work

(40:43):
harder for the same number until you die, and it
will never stop. Look at the chart. You think I'm
lying that it's gonna stop. It hasn't stopped since nineteen thirteen.
We're all the way at twenty twenty four. That is
it's not the picture of success, guys, that is not
the picture of wealth, and that is not what you

(41:05):
should be giving your life to. Remember when I told
you when I first started this conversation, I no longer
work for dollars. I work for bitcoin because bitcoin frees
you from this, which is what black Rock is saying
in the second slide. On the right hand side. Do
you see it. You see the right hand side. It
is telling you, let me get myself out of the

(41:27):
way again. It is telling you on the right hand side, people,
all right, It is telling you that the world has
regarded US treasuries and gold as the premier moneies throughout
recent history. There is nothing more secure than a US treasury,

(41:53):
a bond, a US bond, it was guaranteed by the
full faith of the United States, backed by a lot
of guns, its military and so forth and so on,
and its ability to steal from its citizens through taxes
and monetary debasement. Okay, So for most of the world,

(42:17):
you stored your wealth in US treasuries. If you were
another country, you stored your excess in US treasuries. There
was nothing more certain. Another option you had, as a
nation state or a country or a big giant institution,
is to also hold some of your wealth in gold. Okay.

(42:39):
So these were the two primary forms of base layer
value money. So what it black So the wealthy always understood,
I can't hold dollars because look at the picture on
the left. So whatever dollar I don't need to live today,

(43:02):
I need to put in US treasuries or gold. And
it later became the US stock market. Two. All right,
but base layer money, base layer value has in recent
history been US treasuries and gold. But now what Blackrock
is saying is that there's something better, something newer, something

(43:27):
better that frees us from these other two. That's better. Now,
if you go down the list. US treasuries count the
green boxes. So US treasuries has three green boxes, gold
has two green boxes. Bitcoin has one, two, three, four

(43:51):
green boxes. What's their message to the world. Stop putting
this declining thing on the left into US treasuries and
put it into bitcoin. Stop putting this declining thing on
the left into gold. Put it into bitcoin. That's their message.

(44:12):
It's clear as day right here. It's the better choice.
So I told you. I started off this conversation saying
that's what I do it. We have no choice but
to mine the thing on the left that's going down. Right,
take a look at it again. I have to mine
the thing on the left going down. I have no choice.

(44:35):
So I can't choose the money that I have to
go out and work for. But now I have a choice,
an additional choice of what to flip it into. I
used to some people flip it into US treasuries, some
people flip it into gold. I flipped it into gold
and the stock market, which you don't see here. And

(44:55):
that worked for a while. But now things are rising
or being debased. The dollar is being debased at such
a rapid pace that it no longer no longer does
real estate, the stock market, treasury bonds, or even gold work.

(45:19):
So let me give an example of this. If look
at the picture on the left. Okay, look at the
picture on the left, the dollar. If the dollar drops
by if the dollar gets debased by twelve percent, right,

(45:40):
and the stock market that same year is up twelve percent,
did you get wealthier? No? Understand me, people, please, you
got to listen really close to this. The stock market
is a promise of what when you cash out the

(46:07):
item on the left, when you put an investment in
the stock market, it's a promise for what in the future.
The picture on the left, that's your prize when you
buy Tesla, or you buy in Video, or you buy

(46:28):
Apple stock, or you buy you buy, you buy whatever,
stop right whatever. When you buy that, it is a whoa,
what the heck happened there? What is? It? Is a

(46:49):
promise for what in the future? Dollars the picture Let
me get back to here. The picture on the left
is your promise. Now if that picture if what you're holding,

(47:10):
which is a promise for dollars in the future, If
what you're holding has gone up by twelve percent, yay,
my investment work. But what your promise has gone down
by twelve percent. You feel wealthy, but you haven't gained shit.
Tell me you understand this. It's all smoke screen, it's

(47:39):
a force, it's a fake, it's a fougasy Tell me
you understand. Does anybody understand what I just explained? You
got it? Nobody's looking at the picture on the left.
They're only looking at the thing that they invested in.
Oh well, my house is up, you know, my house

(48:01):
is up forty percent. Yeah, but the monetary debasement is
monetary debasement is forty over that three year period, you
haven't gained anything. So the first thing, the first theft,

(48:23):
is what you see on the left. Printing money debases yours.
Every new dollar that comes into existence makes the dollars
that you are promised or the dollars that you hold
worth less. So remember this, guys, This is the point
I need to remember. If you put it in the
stock market, it is a future promise for the picture

(48:48):
on the left. But if the picture on the left
is declining, you're not winning. Now. If the if your
investment is rising faster than the decline, that's better, but
it's still theft. Something's robbing the rise of your asset.

(49:12):
Something's taking it away. It's the hidden theft of monetary debasement.
Money printing number one, that number two fees fees. Guys,
write that down def number one monetary debasement, thatf number
two fees. All right, let's go over fees. Okay, I take,

(49:51):
I go. I have I have a one thousand dollars purchase.
All right, I have a I speak so much with
my hands, my watch thinks I'm running, so it automatically
starts calculating my run. I'm not running, dude, I'm talking
all right anyway, So check this out. I buy something

(50:16):
for one thousand dollars about my credit card boom, all right,
I pay one and a half two percent, or let's
say I don't pay that. The merchant pays two and
a half three percent, maybe one and a half to

(50:39):
three percent, depending upon the merchant. Right, So that fee
clicked the one thousand dollars. Okay, that person takes the remainder.
That company, which received a thousand minus the one point
three takes that amount, purchases something, and that person pays

(51:05):
one point two to three, and then the next purchase
one point two to three after this same money has
moved from person to company to person to purchase. Is
the purchase that to purchase that all the fees of
one to three percent clicked every single time make that

(51:27):
money just worth nothing one to three percent. How many
times does it take to eat away at the whole amount?
Not that many? Do you follow what I'm saying. That's
the evaporation of wealth through fees. Somebody is taking one

(51:54):
to three percent every single transaction until the amount of
money you started with is zero. They stole everything through fees,
all of it. This is insane when you when you

(52:16):
lift the curtain, you say, wait, this is ours, this
is wealth. I spent my life for this, and now
it's nothing. So it's nothing. It's being made nothing by
more dollars being printed. That's the picture on the left.
Now add on top of that one to three percent
take every single time you use it. Every single time,

(52:37):
this thousand dollars is being used one point three percent,
the next the next person use it one point three percent,
one point three percent, one point three percent, one point
three percent. One. Now it's nothing, Now go start again.
It's crazy. It's stealing the value through fees. You don't

(52:59):
get a fee. Okay, crazy, right, Okay, So what are
the two thefts? Remember what we said, money debasement. If

(53:21):
your stock went up twelve percent, if the stock market
went up twelve percent, but the debasement of what you're promised,
the dollar has dropped, the purchasing power drop by twelve percent.
You're not wealthy at all. You haven't gained a single thing. Now,
that's monetary debasement. Theft number one. Theft number two fees,

(53:42):
clip a fee every single time the money's passed until
you have nothing. Sucking the wealth two ways, but there's
a third way, taxes at tax on top of it,

(54:09):
and you are way behind the eight ball, button way behind.
Someone socks away one hundred thousand dollars in a bond
that pays five percent. This bond pays five percent annually,
but I have to pay taxes on the five percent.

(54:33):
So let's say that's a net three percent. So let's
say I'm really making three percent because the five percent
needs to be taxed. And now I'm at three percent,
but the monetary debasements at twelve percent, I'm behind the

(54:55):
eight ball by eight eight point something percent. I'm losing
eight percent of my life I'm losing eight percent of
my value. I feel wealthier because the money I put
into the bond, I'm getting more back. But remember a

(55:15):
bond is a promise in the future. For that picture
on the left, the picture, when you get the money
at the end of the bond, the money is lower.
That's the trick. Yeah, but Oliver, I put one hundred

(55:35):
thousand in and I got like one hundred and ten
thousand back. Yeah, but the dollars are down more than
ten thousand. You lost, buddy, You lost the value of
the dollars down eighteen thousand, but you got ten thousand.
You feel richer because the numbers are the same. But

(56:00):
Oliver I put one hundred thousand in and got one
hundred and ten out because the numbers didn't change. But
in reality, the power behind the numbers change. So the
one hundred the one. The value behind the number drop
eighteen thousand, So your one hundred thousand has lost eighteen

(56:21):
thousand and purchasing power you gain ten thousand, So you're
negative eight. But you feel richer because you.

Speaker 4 (56:30):
Got back more numbers than an artist drew, but you
didn't get back the same value.

Speaker 1 (56:41):
The value you're always gonna get back. Look at the left.
I'm gonna put my make myself small again. Look at
the picture on the left. This is what you're giving
your life for a failing product. This is not the

(57:03):
picture of success, my dear people, this is not the
picture of success. This is not what if I put
this in front of a twelve year old kid and said, listen,
give your life to me for that, they wouldn't do it.

(57:25):
But this is what all of you are doing. You're
giving your life for that. But there is an escape,
and that is Bitcoin point. Because guys, bitcoin trounces all
three thefts. Do you understand. It's the only thing oh

(57:49):
planet Earth that kills all three. It outpaces monetary debasement,
It out paid fees, It out paces taxes. It damn

(58:12):
outright eliminates monetary debasement. You can't debase bitcoin. Now you
remove one thief. If it is something you don't sell,
and you know most of you know that's my message,
don't sell this man. Don't sell your freedom. Accumulate your freedom,

(58:37):
sell everything else. Sell Tesla for dollars and whatever you
don't need, put into bitcoin and keep it there. Selling
video for dollars, whatever you don't need, put it in
bitcoin and keep it there. Build your escape. That's your escape,
build your freedom. Do you understand you? You? You? You one?

(59:04):
The heck, where's mine? You one with you? One? Oh? You?
You know you? You bought this stock in it doubled.
Take profits on that. Sell that get us dollars. All right,
use what you need right now. Whatever you don't sock

(59:24):
it into bitcoin, build up the escape. This bitcoin's your escape.
Build it up, build up your escape. At a certain point,
if you don't ever let it go, it will get
built up to the place where it frees you from
all the thieves stealing from you. It takes you to
the land of wealth. But if you treat it like

(59:49):
another stock, you'll regret it for the rest of your life.
I promise you. If you treat it like a bond,
if you treat it like a high else selling for
your If you sell bitcoin, remember you're selling it for
the picture on the left. You're right back to the

(01:00:10):
slavery system. You still don't get it, You're going back
to the left when bitcoin freeze you.

Speaker 5 (01:00:22):
From the left. Really, I haven't done my job if
you do that. But Oliver, what am I gonna do?
What am I gonna live off of, live off of
the off of the junk pieces of paper that you
work for. Live off of that. I am saying, don't
put everything into big o. Put what you don't need

(01:00:44):
to day into bitcoin, live off of what you need.
All of you have stuff you don't need. All of
you have excess. All of you, if you are listening
to me right now, all of you have excess. I
know you do.

Speaker 1 (01:01:01):
All of you. You all have excess. No excuses you
all by junk that you don't care about. Six months
from now, all of you and that should be going
into bitcoin. All of your excess should be going into bitcoin,
and it should never come out because remember, if you
come out, you're going back to the left. That's what

(01:01:23):
you're going back to. You should be right, You should
be going to this. Let's do it. This is what

(01:01:47):
you should be going to. Let me shure, are you
picking up when I'm laying down? That's what you should
be going to. You shouldn't be, Oh well, Oliver, When
do I sell this and go back to my prison cell?

(01:02:11):
When do I go I know I'm free now, but
when do I go back to being a slave again?
When do I sell my freedom? Oliver, when do I
take profits on freedom? Oliver? I mean, freedom has been good,
But when do I stop being free again? That's what
you just that's how you sound to me, crazy, right,

(01:02:48):
I like this one. What about the fees? What about
the fees of buying and selling? Bigpoint? They're insignificant. They're insignificant.
Bitcoin has a cager of two hundred and thirteen percent

(01:03:10):
a year. Now, this fluctuates, but over time that's the cagre.
That's the two hundred and thirteen percent a year. You
can't take an asset that is the best performing asset
on planet Earth in all recorded history and start majoring
in the minor fees to buy it, all right, You're

(01:03:32):
just gonna have to to ignore that there's no feed.
Remember I told you that bitcoin conquerors fees. So bitcoin
conquerors fees. Whereas that money doesn't after a certain circular thing,
it does not conquer fees, It chops away at the value.

(01:03:56):
But fees don't chop away at bitcoin, all right, and
fees are relatively insignificant at this particular point. We're not
talking about getting something free in life. You've got to
put in work and you've got to pay that's just

(01:04:18):
the order of the universe, right, But we're just talking
about what are the things that we invest our life
into that cannot be stolen or taken or confiscated or
willed away, that no one can play games with it?
And that is bitcoin, all right? That is bitcoin, all right?

(01:04:50):
Just when you don't know you didn't, just when you
don't own enough bitcoin, that's right, stack harder, absolutely all right.
I like this question here, what would be necessary for
Oliver to sell us bitcoins or why have them so

(01:05:13):
long if you have money? Sorry for stupid question, sir, No,
it's not a stupid question. Listen, guys, I don't want
to turn this I don't want to turn this session
into I don't want to turn give me a second here,
I don't want to turn this session into Yeah, I

(01:05:34):
don't want to turn this session, guys, into a into
a talk about this specifically, I've done this before. You
can go on the channel, my bitcoin channel and search
for the topic that deals with this. But within the

(01:05:56):
next two years, guys, every financial organization on planet will
be rolling out a freaking red carpet with champagne bottles
at the end of it, enticing you come this way.
You're a bitcoiner, come this way. Please come this way.
Don't go down that that. I know there's other red

(01:06:16):
carpet you can walk down, but come walk down my
red carpet. I've got something really special for you. Every
country in the world will say, come live here. I'm
going to remove taxes for ten years. If you're a bitcoiner,
come here. Every financial organization is gonna say, no, come here.

(01:06:37):
We would like to help you with your bitcoin. If
there's anything in life that you want, please we get out.
We can get it for you. You are going to be
the new elites. This is not twenty years from now.

(01:06:58):
This is like two maximum four years from now. You
will never have to sell your bitcoin, you will never
have to get rid of it, and you can get
anything on planet Earth you want. Mark my words, it's happening.
It's happening as I speak. You can't own the hardest

(01:07:22):
asset on planet Earth, the hardest money that has ever
existed in human in the human existence, the most valuable
thing on planet Earth, which will be I believe next cycle,
and the scarcest item on Earth. You can't be an

(01:07:46):
owner of that and get nothing that doesn't even freaking
make sense, the people who have the best performing thing
the world has ever seen, the hardest money the world
has ever seen, seeing the scarcest asset the world has
ever seen, the most valuable thing on planet Earth. And

(01:08:06):
you're like, but Oliver, what am I gonna do with it? Dude? Man,
they're gonna be throwing everything but everything, including the kitchen sink,
at you, just to get you to deal with them.
You will not have to worry about, well, how do
I actualize the value? That's that's that's almost at this

(01:08:26):
particular point, not being smart or not just giving your chance,
yourself a chance to think about it. Do you think
that the owners of the Mona Lisa need to worry
about anything? What about the owners of some rare piece
of property, the Empire State building? You think they need

(01:08:49):
to worry about anything? They don't sell, but they live
forever almost Some people say, Oliver, they get rents or whatever. Listen, dude,
there's pieces of property that there's pieces of property that
don't generated really, and families have been living off of

(01:09:11):
that piece of property for decades, acres and acres of
just open land, living off of it for generation after generation.
Not a single person in the whole family works. We're
talking about the most pristine asset on planet Earth because
it trades twenty four hours a day. It is never

(01:09:33):
sick at sea, never down for a millisecond. It is
not controlled by any human being, organization, institution, or nation state.
No one can steal it from you, No one can
confiscate it from you, no one can debase it, no
one can inflate it away, and no one can fee
it away. You have the most special thing human beings

(01:09:55):
have ever had access to. Fuck it up. It is
no longer the stock market. We went over that. That's
just a promise for That's just a promise for the
picture on the left. It's no longer real estate. Ultimately,

(01:10:17):
real estate will always have a utilitarian value, but as
a store to build your wealth in the future, that's
going away. I'm telling you it's in a down trip.
It's been in a down trend since my parents. And

(01:10:43):
getting a good job that's gone. You can get all
the good jobs you want, it's not leading. Jobs are
not leading you to wealth like they used to. So
good jobs are out. Good education doesn't matter. That is
zero guarantee for well. Today jobs are out. Educations out

(01:11:09):
home using homes and property to build wealth that is
in a downtrend. Equities has been where it is and
now we're starting the downtrend. The only thing the problem
with all of those things is that they are a
future promise for dollars, and as you're waiting for your

(01:11:36):
asset to go up, at the same time, the dollar
that you're gonna be you're promised in the future for
this asset is going down. So you're making nothing and
most of you are behind the eight ball and you
don't even know it. Wealth is just a it's a fake,

(01:12:03):
it's a phony. It's a fugazy for the majority of people.
And what's the if you are the patsy in this game,
If you are the one being played and you don't
know you're being played, that's the worst position of all.

(01:12:25):
And that's the majority of the position that people find
themselves in. They're being taken, they're being took, they're being bamboozled,
they're being whacked, and they don't even know. All they

(01:12:45):
know is that it says I'm doing good, but I
don't feel like I'm doing good. But I guess this
is the way it's supposed to be.

Speaker 2 (01:13:03):
Not me buddy, not me, not me. Yes you do, yes,
you do.

Speaker 1 (01:13:16):
Thank you for that plug. There.

Speaker 2 (01:13:17):
I like that.

Speaker 1 (01:13:21):
So guys, there you have it. I just wanted to
quickly talk to you about this. It started. I couldn't
even sleep last night, which is bearing on my mind
this topic, that wealth, this game of wealth making the
stock market be at or near all time highs right

(01:13:43):
at the same time as US elections because you're being played. Meanwhile,
the money printer is going burr. How do we know
the money print is going burr? Look look at the debt.
Look at the debt. Check this out, look at the debt.

(01:14:05):
Let me show you this is something I've done for
my traders. Guys, you don't get this, but look look
at this picture, right you see this picture. Flip it

(01:14:32):
upside down, and that's the money you're working for. So
this is one way to look at it. Okay, this
is the picture of money printing right there. But to
understand how this affects you is flip it upside down.

(01:14:53):
Now it's your future, it's your money that you're working for.
That's what it's doing, is flipped upside down. And the
only thing that beats this is equities. I mean is equities?
Is bitcoin? Want me to show it to you. I'll

(01:15:16):
show it to you and then I'll leave you alone.
All right, So if I were to take this, let's
go here, let's do like five US, right, So we
take the whole history of bitcoin and we price this.

(01:15:36):
We this, we price we price this. This the S
and P. So look at I want you to look
at the S and P five hundred, guys, right, to
look at the S and P five hundred. That's a
very impressive picture, is it not? Isn't that impressive? Wow?
You guys are getting wealthy. Look at that. Look at

(01:15:59):
how how wealthy you are? Do you see how wealthy
you're getting? You feel wealthy when you look at that?
But that's the S and P priced in dollars that
you work for. What if you priced it in what
you really want to work for? Bitcoin? Let's price it

(01:16:22):
against bitcoin and let's see what it does SPX. I'll
show it to you. Watch this SPX forward slash sax USD.
That's what we're gonna That's a symbol. Uh oh, Oliver,

(01:16:45):
wait a minute, what happened to my wealth? I felt,
Oh my god, Oliver, don't show me this. Oliver don't
show me. I don't want to see this picture. I
felt good with the first picture. This makes me feel
like a loser. Switch it back, I'll ever switch it back.
This is what you're really experiencing, people, Do you understand

(01:17:11):
by having your dollars in the stock market instead of bitcoin.
That's your experience, but you feel the other experience. You
feel it the other way because it's priced in the
item that's going down. Remember what the item is that's
going down. What did you forget? This is the item

(01:17:35):
going down. Let me show it to you. So because
it's priced in this weak ass thing on the left,
you see, your stock market is priced in the item
on the left. The item on the left gives you
the false notion that it's rising. But if you price

(01:17:58):
it against something real, if you price the S and
P against something real like bitcoin, this is what that
performance looks like in real life. When you lift the
curtain and you realize Oz is this little old bull head, overweight,
fat dude that was painting a glorious picture of wealth

(01:18:24):
when you're getting poorer. Now, I didn't make this chart up.
You can do it yourself, all right, You can do
it yourself. Aliba Oliver, can we switch it back? I

(01:18:46):
feel better. I feel better with the I feel better
with the first one. That some people don't even want
to be waken up. Do you understand what I'm saying.
They don't. They want to stay right here, They want
to stay right there. Boom, Oliver, No, just keep me

(01:19:08):
right here, bro, keep me right here. Man. Don't show
me bitcoin. Don't show me this against bitcoin. I don't
want to see it. I just want to feel this,
bro All right, all time new highs. Look all time
new highs. Look at this, guys, all time new highs.

(01:19:32):
How crazy is that? All time new highs? Crazy? Right,
all time new highs. Meanwhile, if you really look at

(01:19:56):
the truth SPX measured in SATs, you're near old time
new lows. That's the trick that reveals the lie. Crazy right,

(01:20:23):
But Oliver, what about gold? I'm a gold bug, Oliver?
What about gold? Gold is better? I like gold. It's
I was a gold bug most of my life. But
it's the senior citizen of the bunch at six thousand
years old. Guys, Come on, you don't bet on a

(01:20:45):
senior citizen basketball player. You bet on the new fifteen
year old fourteen to fifteen year old Michael Jordan, not
the ninety five year old player who played a long
time ago. Right, it's not the future man? All right? Gold?

(01:21:09):
Look all time new hides. Go, guys, why am I?
This is not what I want. Let's see if I
can get the longer one. Yeah, so I said, can
I get the longer one? No, that's wrong. Let me

(01:21:29):
get the right one? Here? Does I want to get
that long time one commodity? Is it this one? Yeah?
There's the one all time new hides? Look at that.
I'm winning. I'm winning with gold. Oh really, you're winning.

(01:21:53):
Really seriously, you're winning. Okay, let's see if you're really winning.
Let's compare this. You're winning against the dollar, for sure,
but are you winning against the real money bitcoin? Let's
see gold forward slash SATs USD. Nope, you are not.

(01:22:23):
You are not winning. I wish I could get the other?
Can I get this? Here? We go? There we go,
and look at look at isn't that beautiful? Guys? Isn't
that crazy? Take a look at this. That's when bitcoin

(01:22:46):
was born. That arrow right there, Bitcoin was born right there,
that's when it gained its first price. And look at
how it's been destroying gold. This is the picture of
what you're really experiencing in truth, when you lift the

(01:23:08):
curtain and you're not seeing the false picture. You're seeing
the real picture of what your life is experience holding
gold instead of bitcoin. All right, now, some things have
held up pretty well, Oliver, What about Tesla? Testa's one

(01:23:30):
of the best performing stocks in history? That that that that? Okay?
I Tesla owner as well. I get it. Tesla is amazing.
It's freaking amazing. Right, Well, let's see Tesla in bitcoin.

(01:23:54):
Mm hmmm, not so much. But Oliver, are Oliver?

Speaker 5 (01:24:08):
Hellover?

Speaker 1 (01:24:12):
What about in video? Okay, I can take a look
at him. Video video has done well. I've been in
a video holder since twenty ten. Guys, twenty ten powerful
Who look at that thing? I bought nvidio at a
price at a at a pre split adjusted price of

(01:24:35):
nine dollars and fifty cents. I would say that comes
out to about a dollar or something after incorporating all splits,
so very very big winner for me. But how does
it compare against bitcoin? When you look? This reveals the truth? Guys, Oh,

(01:24:57):
I did the wrong symbol. Sorry? In video sets, you're
Steve Boom and.

Speaker 2 (01:25:06):
Not so much now.

Speaker 1 (01:25:07):
In all honesty, over the last few years it's been stable.
That's very impressive against bitcoin, but still over time now, no,
not so, guys. What I hope that what I hope
that you see here, right, is the need to do

(01:25:29):
what I did. I don't get anything from you buying bitcoin.
I'm just sharing with you what I did, and it's
had a profound effect on my life, There's no question
about it. Over the past five years, it's no question
about it. But what I did is I have to

(01:25:53):
mind dollars. But dollars are no longer the promise. So
when I go into a stop, I know, oh, I
have to flip it for dollars, but I don't. I
no longer want to keep the thing on the left.
I need to quickly. I know I'm gonna receive the
item on the left. I have to quickly flip it

(01:26:15):
back to this item, right. I gotta quickly flip it
back to this You understand. That's what I gotta get

(01:26:41):
it too. That's the thing that's crushing everything, and I
gotta keep it there. But Oliver, Oliver, what about the
declines in bitcoin? And they're scary, they're scary Oliver, it's volatile.
They're scary. What about that? I'm scared dude. What you

(01:27:03):
really should be scared of is this? What are you
talking about? That's scary? That you have to give your life,
your time, your effort, your kids that are born just
because you have birth another slave, they by no choice,

(01:27:25):
have to go work for that failing project. That's scary.
The thing that's beating them all, that's not freaking scary, Oliver,
It's scary, all right, guys, anyway you get what I'm saying.

(01:27:52):
I want to thank you guys. Small little crowd here,
but I guess it's intimate. Small little crowd here, all right,
four hundred of you. Thank you for showing up impromptu
like this. Sorry I couldn't give you any advanced notice,
but like I said, this topic kept me up. I
wanted to get it out to you. Please share this

(01:28:14):
with someone who might need this message, all right, someone
who thinks that they're wealthy because oh I have two hounds.
They've gone up this amount that that that you know,
show them, show them this, send them this link to them,
make them, try to try to help them understand that
it's time to lift the curtain and see os is

(01:28:35):
not what it is. Wealth is faked today unless you're
storing in bitcoin. All right, guys, I'm gonna go grab
something to eat right now, child, for now, love you
to death. Boom boom. All right, child, my name is
Olive Roblez and I am your thirteen percent or bitcoiner.

(01:28:58):
Be safe out there until next time.

Speaker 3 (01:29:01):
Oh