The Prepper Broadcasting Network - Patriot Power Hour #272 - Trump a Bitcoiner?

Episode Date: July 31, 2024

Each week on Patriot Power Hour, Ben ‘The Breaker of Banksters’ and Future Dan explore the latest Liberty, Security, Economic & Natural news, providing the situational awareness needed to execute your preparedness plans. Questions, Feedback, News Tips, or want to be a Guest? Reach out!Ben “The Breaker of Banksters” @BanksterBreaker on Twitter; [e-mail] Future Dan@FutureDanger6 on Twitter

Not too long ago, two friends of mine were talking to a Cuban refugee, a businessman who had escaped from Castro. And in the midst of his story, one of my friends turned to the other and said, we don't know how lucky we are. And the Cuban stopped and said, how lucky you are. I had some place to escape to. And in that sentence, he told us the entire story. If we lose freedom here, there's no place to escape to. And in that sentence, he told us the entire story. If we lose freedom here, there's no place to escape to.

This is the last stand on Earth. This is the last stand on Earth. The last stand on Earth. Sous-titrage ST' 501 ¶¶ You are now listening to the Patriot Power Hour. This live episode features the situational awareness you need to practice self-reliance and independence. Introducing your hosts, Ben, the Breaker of Banksters, and Future Dan, the editor of FutureDanger.com. Patriot Power Hour, we're live.

It's the 31st of July, 2024. Episode 272, Patriot Power Hour. Ben, the Breaker of Banksters, here with Future Dan. That was the most news-intensive July we've ever seen on Patriot Power Hour. Ben the Breaker Banksters here with Future Dan. That was the most news intensive July we've ever seen on Patriot Power Hour. Having broadcast together since 2017.

And that was coming off one of the quietest month or even few month string of June, May, April. Pretty quiet. We were pretty low on topics. We had to get a little creative here and there. Yes, that's exactly right.

We were going through some of these Patriot Power Hours in the 260s time or episode range with five, if we're lucky, ten qualifying headlines. That's not been the case since January 13th, has it? Or July 13th. Yep, yep. That was a total change, to say the least. Just a huge spike. But since then, we've had a lot of other news articles

popping up so that has been the focus certainly that week or two after we still have a ton of updates and we'll talk a lot about that on tonight's show as well but a lot of other news has been popping up and it's not even august yet i guess tomorrow is. In certain parts of the world it is now, but not quite yet, and things are waking up, I guess, going into the late summer. Yeah, Middle East is back in the news. We'll get into those headlines.

Some of these areas just kind of kick up in the news, get to a little bit of a contribution to the poly crisis for a while, and then cool right off again. After absolutely stunning news, shocking news in some of these areas, then it just fades, and some other set of indicators or indicator just heat right up. So it hasn't been this way i would say in the last seven years broadcasting with you in the july august time frame we just just haven't had these peaks that we're getting in the last few weeks so we're on

it we're going to talk about all these headlines tonight and more. Hit the headlines, dive into some of them, and then we have a special couple clips. Trump was at the Bitcoin conference in Nashville, Tennessee last weekend. Got about two minutes worth of clips, a few clips spliced together. We'll analyze a little bit, but it seems like Trump might be a big coiner. We're going to wait until after the news blitz, but I look forward to that discussion, future Dan. So last night, right after midnight, where I live, power went out.

And that doesn't happen a lot when I live. The grid where I live is relatively pretty solid. But, you know, you can't always prevent power outage. It happens, right? And I was just laying in bed. I looked out my window and just looked at the scene of just powerlessness compared to normal. And it kind of made me sit there and think, like, all right, well, what if that was it? That's not coming back on again anytime soon,

especially long after anything that I got that needs electricity has perished or been eaten. And now we've gone into the mode that we prepare for, right? And honestly, there's little to do when the power's out of your house immediately. And I said, should I check the news? Should I see if something's coming across X Twitter or elsewhere that would explain like a nationwide grid down suddenly a regional power outages. And I said, you know what? I got my plans in place.

So come the morning, if there's still no power, I know something went very wrong. I'm going to go to bed. And I don't know. I, you know, maybe there's criticisms of that approach, but I'm going to go to bed. And I don't know, maybe there's criticisms of that approach,

but I'm not going to stress out about it because if it happens, it happens, and I know I'm ready. In that context of tomorrow, you might not see electricity again for a long, long time, if ever. How do you make the case why we should care about Bitcoin today? Great point. If you believe they're going to take out the power grid and Internet permanently, nationwide or even worldwide, then Bitcoin will be essentially worthless at that point

So that's why I've always talked about diversification And there's a lot of ways I won't go down that rabbit trail right now So it depends how Mad Max you want to get it If you have a lot of cash in a 401k Or an IRA Or just sloshing around A lot of people don't but I think it's you

know if you depend on the electronic system already bitcoin is much much safer if you self custody in particular so we'll get into that but from a prepper standpoint there's a real good reason that a lot of folks don't give a crap about Bitcoin. They think it's a scam. But now that Trump's supported it and given a few good reasons why it might be worth it as long as we have lights on and internet, then I think it's worth people considering or reconsidering if you've totally written it off. And if not, whatever.

I absolutely still think acreage and access to water and knowledge and skills and stuff is way more valuable for a prepper. But I think Bitcoin has its place even just to fund some of those preps before the lights go out. If you think maybe it'll be 5, 10, 20 years before it really goes down. If you think it's going to go down next week, yeah probably not the time to get Bitcoin I would say so when I woke up there was electricity but if I may I'd like to answer my own question

there you go so what are you preparing for right is it preparing for pure survival in the most hellish dystopian landscape? Well, maybe.

Can't blame you if you are, honestly. But you might have other preparedness objectives. One of them would be to thrive after the electricity does come back on and taking a shot at several, several zeros added to the end of the spot price of Bitcoin when the grid comes back up. Well, look, if Bitcoin goes parabolic and the same thing with gold a lot of that value is going to be eaten away because the price of food is quadrupled or tripled right during that period and the price of a lot of other things have inflated away or the infrastructure has been destroyed so much that

things are just unavailable anyway so you might be have a million dollars per Bitcoin, but that might only be equal to $300,000 today. But that's still a lot more than it is today in purchasing power. And that's why the real hardcore Bitcoin people say they don't care what it's valued in U.S. dollars. They're waiting until the financial collapse, and then there'll be a full revaluation of all assets into bitcoin is pretty much what the bitcoin maximalists are banking on or or even if the dollar remained the value of real estate could be slashed in half meanwhile your bitcoin investment did investment did something parabolic. So that's a great point. It might be worth being prepared if that opportunity presented itself.

Because we talked about it before on the show, there's a concept of risk management that are implicit to preparedness, right? But if you're doing it at the pro level, you're not just doing risk as in negative risk management. You're doing risk and opportunity management. And I think being a prepper is preparing for risk, but you should also look at thriving when things do settle down and civilization arrives again. There's opportunity to be managed too. Yes, yes. You've got to remember the reward part of the risk-reward. and civilization arrives again, there's opportunity to be managed too. Yes, yes.

You've got to remember the reward part of the risk-reward. And with the revaluation and tremors in the economy and all this, what assets go up and what go down might be traced to how much have they been influenced by the financial system. might be traced to how much have they been influenced by the financial system so energy and your basic food water and land undeveloped land that hasn't had a huge boost because it's in the city or near a city those might actually go up in value because people want them and they haven't been inflated by wall street over the last 20 30 40 years right however condos and a lot of other more cosmopolitan investments or things that are already expensive those might drop a lot so you know expensive cars you might be able to get those fire sale 90 off

but they've also gone up 300% in the last 10 years. Some of these exotic cars, baseball cards. I expect those to drop big time because they're a bubble. But I expect the price of quality food, not Soylent Green, not GMO, but quality food to go up a lot. So it depends what it is. A nice homestead might go up a fair amount, but I still think, yeah, if you can't afford it yet, it might be worth a lottery ticket

to get a little bit of Bitcoin. Maybe that'll help fund it in five, ten years if we still got power and internet. Or after it turns back on. And here's the thing. It would have to be essentially a worldwide shutdown for multiple weeks, if not months, for Bitcoin to be wiped out, in my opinion.

So let's just say... That's impossible. Essentially, unless it's an absolute nuclear war, then no one's going to care about Bitcoin. So it's almost impossible. It's a lot harder than you think. So let's just say all the west coast of the u.s or even all the u.s went out for a few weeks or a few months your bitcoin would still be safe and the world would still be running their bitcoin nodes for sure it's very decentralized worldwide so unless like i would

say 80 90 plus percent of the grid worldwide was down of the free grid. Maybe not China. Don't include their, you know, firewall grid necessarily. They still have some Bitcoin over there, but not as much. Anyway, very difficult for them to quash it unless they just took it out the internet and or power for multiple weeks worldwide. That's a whole different story, like you said. That's impossible. And if there's a nuclear war

or places that were unaffected, Bitcoin might become the immediate world's reserve currency if that happened. It would actually play into it. The survivors would say, okay, the only thing we really have in common, especially non-tangible things, is Bitcoin.

It's the only network left. There's no more banking system. There's no more settlement system. There's no central banks. Everything's been nuked. Or just even with a massive collapse of 1929 or worse levels, some countries and or states may start shifting some or all of their strategic reserve, as Trump even said he was looking at a stockpile, he called it, not as a reserve. But even if the dollar was revalued and 10% of it was valued to gold, 10% to Bitcoin,

and the other 80% was fiat, it would still be superior to what it is today. I'm not advocating for that, but just that itself would put Bitcoin five times higher than it is right now. The longer Bitcoin proves to be uninterruptible and unable to be manipulated by any government on Earth, the more valuable it's going to be, in my mind.

No downtime ever. Never been hacked, the actual network itself. There are exchanges, and we can talk about it later on. We've got to go to break. We've got to do the news blitz. We'll come back to Trump's comments. We can talk about how you can buy it. Exchanges where you actually interact

between your U.S. dollars and trying to buy bitcoin some of those can be shady there are better ones than others but when you actually have bitcoin and you control it self-custody they call it then essentially impossible to hack unless someone gets your your password and your password could be up to 24 words. So think of 24 words in a row. That's a pretty long password. So anyway, future Dan, we've got to go, but we're coming back with a news blitz. We'll talk more Bitcoin.

We've got a lot of other stuff to talk about. Might have to go a little late today. No, we're not going to go late. We're just going to pack it in, all right? Trump has brought up Bitcoin. it in all right trump has brought up bitcoin we're gonna get a primer from ben the bankster breaker on how to buy up slowly and surely over time trading tops and bottoms and i want to hear a little bit more about that self-custody who wants free ammo our new sponsor ammo squared dot com is a truly automated set it and forget it ammo purchasing program.

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For the third week in a row, we're going to leave all assassination-related news to the end. There's a lot. I want to keep it all grouped. So we'll start with other topics. And there's a fair amount all across the board. Let's get at it. Start with nature. Hazardous heat

indices expected to exceed 110 degrees Fahrenheit from the plains to the southeast. It's building in the west as well. Heat index 110 plus through much of the nation. southeast. It's building in the west as well. So heat index 110 plus through much of the nation

in the next week. Large landslides in India. 50 dead, 100 missing. West Texas has had over 100 earthquakes in the past week. California's sixth largest wildfire ever is burning right now. The Park Fire. From an economic point of view, as we started to delve into,

we'll talk bitcoin but otherwise it's been somewhat quiet one thing is not quiet is the federal government's debt still rising last i checked every time i check it's actually above 35 trillion right now. Federal government debt, national debt. $35 trillion and rising. Credit card delinquency rate has hit a 12-year high. This goes with other

news of repos and defaults on auto loans and others. Spiking in the past quarter. Markets somewhat quiet. Given everything that's going on, oil is pretty low. And again, markets have had their ups and downs,

but are still quite high given everything that's gone on in the past few weeks and what's been added to not only assassination but war in ukraine well now we have israel assassinating the hamas leader in iran also killing hezbollah. Senior commander in Beirut. Lebanon. Retaliating. And all in this mess.

Was 11 killed. In Hezbollah. Or excuse me. In Israel. By Hezbollah. Rocket. So. Rearing it's ugly head again. probably should have killed this Hamas leader

on October like 11th or 10th or you know like maybe the same day but now they've done it why now Netanyahu just got back from the US trip did he get implicit or explicit permission for this we could talk about that ayatollah says

severe revenge coming for israel killing hamas leader on iranian soil this is in tehran this wasn't in like a mountain fortress just be like if dc New York City got hit, take out that leader. So assassination. I guess that was assassination related, but I was going to wait for the Trump-related assassination. Almost there, though. But first, Utah attorney catches FBI deception in Oklahoma City bomb records case. Just a footnote but if you want to go down a rabbit trail that's one to do

futuredanger.com Utah attorney catches FBI deception in Oklahoma City bomb records case now to the trump assassination information we'll try to go in chronological order best possible for 25 minutes secret service in command center never notified trump's detail police circled trump shooters building for over two minutes with weapons drawn, while the Secret Service let Trump remain on stage. SWAT team from Butler, Pennsylvania claims they had no comms with Secret Service prior to the shooting.

Trump reposts social, suggesting that the FBI director may have been in on the assassination plot. All this in the last week. Gab, CEO, the social media site. FBI summoned Butler assassin account posts. And they seem to show pro-lockdown pro-immigration democrat views so both sides are saying that they're they're the other one they're trying to say he's conservatives trying to say he's a democrat seems pretty shady all around. Senators shout down acting Secret Service Director's obfuscations at J13th hearing. FBI still says it does not have complete access to shooters' online activity.

They're getting it, slowly but surely. Conflicting information is coming out. Here we go secret service sniper warns another assassination assassination attempt could be imminent acting secret service chief played key role in limiting resources for Trump. Let it happen on purpose. And that was all within false flag exposed. Now, in news blatantly censored, Trump attempted assassination fails to auto-complete on Google searches. Meta, i.e. facebook's parent company meta ai tool calls trump assassination attempt fictional yikes who's programming the ai facebook admits it mistakenly censored Trump assassination attempt photo. So now they're messing with the writing and the photos and deep fake videos.

Who knows what's real these days? Future Dan, I believe that's the whole news blitz. I don't think I missed anything. If I did, let me know. But there you go. It was a lot. Yeah, we got economic news finally. Hadn't for a while.

Nothing on the heat map tells us what the Fed said today. What's the Fed speak from today? Because that happened too. Let's go see what... You know, you got to get Fed speak directly from the Fed speak.

And I knew I should have got a clip so we could actually listen to them. Pretty much Powell, head of the Fed said that a September rate cut is possible. And over the last few months, they've been foreshadowing Fed speak wise that they're going to slightly cut interest rates once or twice, probably once in the fall and maybe once before end of the year again

or early next year or so. But small little cuts of interest rates. And he reaffirmed that, but nothing new, nothing ground shocking today. If they cut before the election, how does Trump not go and say that they're as crooked as the FBI? He could definitely say that. He kind of wants to be on the good side of the Fed,

and he can also trash them at the same time. It's an interesting position. He would definitely rattle everybody. Who knows? Maybe they're holding tight because they don't want them to do it. position. He would definitely rattle everybody. Who knows? Maybe they're holding tight because they don't want them to do it. Otherwise they would already have cut. I'm not

sure. I'm not sure. But it's a good point you bring up. Yeah, but if you give J-PAL any credit, inflation is still over 3% year over year. Their dual mandate demands that they handle inflation too. It's easy to see if they don't. So can he cut at all?

Now you're trying to get logical. I think that if they cut,'re never gonna get below three percent you'll probably be more at five percent annually they've actually i've seen it floated out there that they want to make the target more like two and a half or three percent i think that's maybe more realistic these days and a better target it move the goalpost type of thing but you're right that is the one thing they can't suppress unemployment can also rear its head if it gets really crazy but they have ways to manipulate that some and people that get two jobs and people who stop looking for jobs because they're so disheartened or just sickly and old whatever long they need a job they're not looking

they're not counted against it sometimes. But inflation, a lot harder to suppress. The one thing keeping inflation from being a lot higher than it is, is oil. It's at 78 bucks right now. If you told me a year ago some of this stuff would be going on in the Middle East and Trump got his ear ear shot, and that oil was under $80 at the end of July 2024. I would think that would be pretty crazy. I'd expect like $120, $150. So why is that the case?

I have a couple ideas. I'm not sure. But if that regresses to the mean, then I think it should, meaning energy prices, gas prices, oil goes up a fair amount in the next several months, then guess what? Inflation really, really will be bad. And if they're cutting rates at the same time, it could be really, really bad. But if they don't cut rates, we might get some bank failures. So that's the other end of the equation.

That's the other end of the equation. You know, suppressing oil prices is part of the design of limiting income to Russia. That and natural gas, absolutely, as well. It's helpful. That's actually, you know, part of what you just said is a little bit disheartening. Previously, we would have thought that oil of all commodities was subject to so many price pressures on the supply and demand side that it was uncontrollable by any entity, any government on earth. The perspective you just put it in makes me think twice about that today. However, I think you laid out the scenario where these central planning human organizations eventually, you know, math is math and economics catches up with any of the manipulators. And we talk about it a lot on Patriot Power.

We think that that's, you know, when the music stops, it all falls down in a bad, bad way. So, yeah, the dual mandate and Fed speak and what they're trying to say they can or can't do during election year doesn't generate any headlines for the blitzkrieg, but the FOMIC committee put out their forward statements today, and I guess they decided no rate hike, no cut, just Powell doesn't know what else to do. Hold tight. I don't know. I think you're damned if you do, damned if you don't.

If I just had his job all of a sudden, I probably wouldn't raise or lower rates either. I would be like a deer in the headlights. Maybe he actually is in that point of view, or maybe it's much bigger than that. But regardless, it didn't cut today. They'll be meeting in,

uh, like, I'm not sure the exact date, but mid to late September, every two months they meet. And he hinted that they might lower rates at that point. So we'll be here. Absolutely.

To report it. Any of those headlines that I went through'll be here absolutely to report it. Any of those headlines that I went through you really want to hit on before maybe we go through some Trump's Bitcoin? There was a lot there whether it was Trump's assassination or otherwise. No, but I did want to cover one more part of the whole Federal Reserve

executive branch of the U.S. government picture this year and next year. Yeah. Which is to say, I think Powell honestly thinks Trump could actually fire him straight up. And, you know, push comes to shove in a case before the Supreme Court, Article II powers, all executive powers vested in the President of the United States, that's reality in the Constitution. Ever since 1913, this congressionally created independent agency has never been a constitutionally sound concept. Sound concept. And I guarantee you there's Trump surrogates with law degrees that can

carefully make cases to all the members of the federal reserve that, you know, you can find yourself on the apprentice show someday when Trump doesn't give a shit anymore, starts firing everybody. I would pay this top, top dollar to be in that boardroom. Powell, 71.

So he could still see himself having five-plus years, and he could be worried about getting fired. He may not be a suicidal bankster who's going to retire in the next year anyway. I think he wants to be in there a little bit longer. He definitely doesn't want his legacy to be tarnished. Legacy of the Fed

in its entirety. That it was never an independent agency. It was always subject to executive branch control under the Constitution. And every single Democrat lawyer between that logic and the truth could be damned. It's not constitutionally sound unless the executive of a popularly elected branch has control over it. And I think deep down inside, everybody in the Fed knows

that a president could come into office and, backed up by Congress, that would be standing there clapping while he did it and trying to audit them anyways, that elected branches of the government could take control of this central banking monster we created a little over 100 years ago. Let's do it. Let's do it. Let's do it. Will he do it? I would hope so. Maybe he learned his lesson.

He went too soft on everybody the first go around. I know he had a lot of people in his way, a lot of people causing obstacles, a lot of turncoats in his administrations, et cetera. So along these lines, just last episode or the episode before, we were throwing around the words Jamie Dimon as a potential Trump cabinet treasury secretary, right? Right.

And someone reported that Trump, off the record, had said that he's, quote, thinking about it. off the record had said that he's, quote, thinking about it. And since then, Diamond has absolutely said it's not happening, he's not going to do it, and I'm not even sure if Trump has come out in public since. But for Trump, it's not about what necessarily he's announcing he's going to do. It's not about that.

It's putting these other actors in the environment at risk of what he might do. Right? And J-PAL, I think he has to understand he could be fired in a heartbeat. And the FBI director, by the way, he needs to resign because

that could happen in the inaugural speech for Trump in a second term if he's successful, right? And the Secret Service, any of the clowns in that chain of command, I mean, it needs to be the apprentice, like you're fired, like out loud, publicly to a lot of people. And I don't think the banksters want to ever be on that side of history. I would say not. And I'll leave think the banksters want to ever be on that side of history. I would say not. And I'll leave it at that.

Would we need to fix this? Well, I think a stable currency is a place to start. Here's something Trump didn't get too much into, is what's the future of the U.S. dollar at? $35 trillion in debt. He recognizes there's a problem, but he also has been a big proponent of 0% interest rates. We're going to get into this Bitcoin in a little bit,

a couple of these clips, but do you have any initial thoughts on what his economic plan would be? And maybe besides firing powell what what could he do to save the dollar or do you think the dollar is beyond saving and maybe he needs to work the bankruptcy angle i think a controlled bankruptcy and re-re-congregation of our assets as a country would be a great idea, but what are you thinking? Well, I think Trump's concept is boom the economy by deregulating and getting back on the Laffer curve so that the economy just booms.

And he did it once, so he knows he could do it again it's not rocket science so damn you know a 35 trillion dollar debt in a long run if if if he plus you know from his perspective eight years of jd vance a 12-year term in that regard with artificial intelligence and blockchain technology coming online, why not just boom the economy? $35 trillion won't be a problem if the GDP explodes

for, I mean, how many quarters of 5-6% growth would we need before none of that really is as much of a problem? That is the beauty of compound growth. You can outgrow it if we truly did unleash the growth potential of the country. There's a lot of ways to do that. There's no easy way out, though.

So even at 5% or 6% annualized compounded growth, it would take a while. But we could do it. I agree. I agree. centralized compounded growth it would take a while but we could do it i agree i agree uh what do you say i play the first trump trump compilation clip what do you say we do we do but uh remember i'm not able to hear as i'm currently configured in the architecture of patriot power hour so you're gonna have to recap for me what our audience will have heard. I know.

I was going to fake it and pretend we had it piped in, but the cat's out the hat. It's all right. Here we go. You ready? I have a good... We have day jobs. We have day jobs. Here we go.

First one. It should work. I tested it. Wish me luck. If crypto is going to define the future, I want to be mined, minted, and made in the USA. It's going to be. It's not going to be made anywhere else. And if Bitcoin is going to the moon, as we say, it's going to the moon.

I want America to be the nation that leads the way. And that's what's going to the moon, as we say, is going to the moon. I want America to be the nation that leads the way. And that's what's going to happen. No, you're going to be very happy with me. Bitcoin is not threatening the dollar. The behavior of the current U.S. government is really threatening the dollar. If Trump isn't elected, this country is going to go into a depression the likes of what you had in 1929. And I hope that's not true, but I can understand it and I can understand what they're saying. The stock market gain they think is because looks like we're going to

win the election. And I don't know what's going to happen with the election. You know, they cheat like hell and I don't know what's going to happen. But if we win it, this country is going to be boomtown. It's going to be booming like it never boomed before. As the final part of my plan today, I am announcing that if I am elected, it will be the policy of my administration, United States of America, to keep 100 percent of all the Bitcoin the U.S. government currently holds or acquires into the future. We'll keep 100%. I hope you do well, please.

This will serve in effect as the core of the strategic national Bitcoin stockpile. All right. So that was about six different clips of Trump. I'll try to summarize it, and I have a whole, it was like a 55-minute speech to a Bitcoin conference, but Future Dan, he wants Bitcoin and crypto in general, but he said Bitcoin specifically most of the time. He wants it mined, minted, made in America.

He says that Bitcoin is not a threat to the U.S. dollar. It's the government's actions that are a threat to the U.S. dollar. I guess meaning that the U.S. dollar and Bitcoin can live in conjunction and even support each other in his mind. Won't go down that, but that's something he said uh he wants to harness bitcoin he wants to not get in the way and here's a couple other real nice tidbits and we'll go into the uh another clip here but i know you didn't hear it but just straight out he says he wants to be on the Bitcoin bandwagon and I think the most

prescient part of that was Bitcoin is not the threat to the dollar it's the US government and the US people's abuse of the US dollar over many years and continuing that's the threat to king dollar, you know?

You know, I bet you there's another non-economic angle to this, too. Politically, you mean, or how so? It's political, that's for sure, but it's not really economic. Think about the forces arrayed against cryptocurrency especially bitcoin right and and then whatever that crowd is whatever their sentiments are draw a hard line and cut off the people who care about the economics you know the money-focused people, and then look at the other part, the people that are not money-focused. And I'm talking about the FBI, right?

The powers that want absolute surveillance control about all aspects of life are completely aligned against Trump right now. aspects of life are completely aligned against Trump right now. So to show up there and, and, and to use a verb, I think you did use about a month ago on this issue regarding Trump's gradual progress towards being pro pro crypto pandering, right?

So set aside the level one pandering that may or may not properly describe the clips that you just played, and think about the level two and the level three, the follow-on and knock-on effects of promoting a technology that the surveillance state,

that the deep state, absolutely abhors. Make markets free again. And that as someone i said a few episodes before that too and this was and we're going to get into the self self-custody part coming up in the second clip that's the that's that goes straight to the core of it that mean that that's what bitcoin is all about that you don't have to rely on a bank or an annuity or a government pension or a corporate pension or any of that to hold on to your life savings. Or to hold on to your $500 spending account. From small to big, you can use blockchain technology. And there's a lot of others.

I think a lot of crypto is a scam and there are there's a whole industry of what they call shit coins that literally are a scam and people gamble with them so that's totally not what i'm talking about i don't think trump's talking about those specifically but uh but bitcoin let's just focus on bitcoin the self-custody i'm gonna go ahead and just play this right now um and i'm telling you the self-custody. I'm going to go ahead and just play this right now. And I'm telling you, the self-custody and keeping the Elizabeth Warrens out of it as well as the surveillance state. He didn't specifically say that,

but you're exactly right that he's implying, hey, this is a big F-U to the surveillance state and even to the SEC and just the banksters in general now he wants to get rich with it and that's fine he can get rich if he makes markets free again i'm happy here we go here's a clip so in the future bitcoin will be made in the usa not driven overseas i will support the right to self-custody to the nation's 50 million crypto holders. I say this with your vote. I will keep Elizabeth Warren and her goons away from your Bitcoin.

And I will never allow the creation of a central bank digital currency. So, he also goes on in that clip, not only self-custody but he says there will be no central bank digital currency that's actually probably the second most important thing so some of the more important things he's saying here are not even related to bitcoin or is bitcoin a good investment or is it legit it's like hey the u.s dollar is being destroyed by reckless government and the surveillance state is bad so you should be able to self-custody your own money digitally and uh we're also not gonna have a central bank digital currency so the question is future dan is this truthful or is he pandering? Because he's saying all the right things better than ever,

and he's got me believing him more than ever. If he can't pull this off but he tries, I would be very happy. If he's just saying this and he's totally just BSing us, that would be the death knell for me. But I don't think he's straight out lying. He might just get some advice of what to say from people. But I would be hopeful that he's truthful in his merit here. I'll tell you that if you are a believer that Trump plays 4D chess with his opponents,

with his opponents. And you could interpret some of these remarks at the Bitcoin conference that, you know, kind of like it's possible to interpret, oh, I don't know, the Holy Bible in various ways, different parts, the Holy Bible in various ways, different parts, different, you know, pieces of, you know, the Bible have messages, you know, that conceivably are at odds with each other at times, right? It doesn't take away from the whole, but it's like, if you're listening to Trump, he can do this. He can put out statements on topic after topic after topic, and people can pick and choose what they choose to believe he means, right? Now, where his deep-seated belief system is, I think there's been a lot of his opponents that have perhaps correctly pointed out he may not have one. He may not be operating necessarily from anything more than just pure and simple American patriotism.

Just what's best for the nation, right? Everything else is negotiable. Everything else is the deal. And the deal was this past week you go to a conference and you tell the people that have had no politician in washington dc speak up loudly and say we're going to make bitcoin great trump did it it could be it could pay off big time at the polls definitely uh made a lot of made a lot of heads turn and here's a here's i'm gonna do a real quick review of what he said just to because there's a few things i think having those clips that i really want to hit on and i want you to kind of maybe

comment on let's see here well he goes on to say that inflation is stealth taxation he says never sell your bitcoin government will keep a hundred percent of its bitcoin in a stockpile now this if i want to be devil's advocate, it's like, oh, well, all that Bitcoin is what they take from others. He's just saying he'll have a big stockpile of Bitcoin stolen from American people. I'm not saying that's what he would say, but that could be turned that way because some of that Bitcoin in the possession of the U.S. government currently that he's talking about that he won't sell. And he'll use that as a stockpile maybe to support the U.S. dollar. First off, it's not worth a ton at these current prices, but it'd be worth holding on to. But he says never sell your Bitcoin.

He's the pro-Bitcoin president. Biden, Harris, and Democrats have a war on crypto. They really want to tax it. That's a huge thing. Taxes. I mean, America was a big part of the reason America became what it was because we didn't want to get taxed on everything all the time. So tax is huge.

If he comes out and he literally says that it's now taxed at the same level as foreign exchange rather than as an asset, a commodity, which is a lower tax bracket, all that. That'd be huge. Get a ton of votes. He also talks, here's something. It would reinforce our power grid and strengthen our power grid, which a lot of studies have shown that having a Bitcoin network that's very scalable, it could be all on or all off super quick,

provides a really nice base load for your power grid in general, number one. Number two, all types of power can be generated in remote areas that can't be transferred to the grid, but it can be used for Bitcoin mining as well as, and these are things, all different examples, but one would be burning off of natural gas flares that could produce hundreds of kilowatts of electricity but it's just burned off into the air right now because there's no reason to but you can have a little bitcoin miner there as an example so strengthening the grid resiliency is a big part of this he spent a little bit of time talking about that, too, which was national security aspect. Right. convince the Congress to pass laws that could possibly include something that resembled

a U.S. strategic Bitcoin reserve? How would you buy up trade tops and bottoms? That's question number one. And then question number two, just give us a run through on how to go about self-custody of Bitcoin again, thumb drives and all that. So one of the best pieces of advice I've ever heard is get off zero. Meaning if you have no Bitcoin, don't wait for the perfect price. Just buy a little bit now.

And if it goes down, buy a little more. So figure out your budget, whether it's $500 or $15,000 or something in between. Maybe cut it into 20 pieces, 5%. Use the first 5% and buy it right away. And then create some very basic limit buy orders where every few hundred bucks every thousand bucks whatever that bitcoin goes down you buy it and so if bitcoin goes oh using a couple apps yes there's a couple apps to do that that's the if you want to buy and trade and mess around that's that route if you want to just bypass all that and there's two ways number one you can use cash at bitcoin atms and be anonymous and so if you want to be anonymous

that's the best way no credit card no bank account no id however you can only do a few hundred bucks at a time you can't do like 10 20 grand at a time but if you want to get a piece of bitcoin with zero traceability almost zero right then cash at a bitcoin kiosk is a great way to do it uh number two there are places one's called swan bitcoin and i'm not affiliated at all i don't get anything back from them trust me but that's a good website there's a couple others where you can just it it's not a trading platform. It's only to buy. So you do have to use your credit card or bank account. So it's not anonymous in that regard.

It's not cash like the other one that I optioned. But it doesn't mess around with, there's no frills. It's cheaper, less fees. And they say that they don't share your information i think they're safer than coinbase as an example okay um but just remember if someone's monitoring your computer system or your phone then they're already kind of potentially hacking you from that end so even if you use a very safe service doesn't mean that they're already kind of potentially hacking you from that end. So even if you use a very safe service, it doesn't mean that they're not getting your passwords. So if you're really, really straight up paranoid about it

or you want to diversify and at least do part of it, I would suggest the cash. Convert cash into Bitcoin at a kiosk. Wear a COVID mask if you had to, I guess. They got a camera on it. What about the apps for the limit orders? How do you do that? How do you set the top and the bottom and let automatic trading happen?

Robin Hood, Bitstamp. There's Kraken. Coinbase. There's different ones. Some have very basic interfaces. Some have more advanced. But most of them have where it's called a limit order. If it hits this limit, it either buys or sells. So you have to fund it.

You have to put dollars from your bank into the account. But there's zero fee for that on almost every case if you're paying for that you're probably getting ripped off so you need to put and that's actually a good idea even if you don't want to buy any right now you only want to buy a little bit but you want to be prepared to buy more what do they call it keep your powder dry going back to the musket powder cannon powder whatever keep a lot of reserves, you need to put some of that fiat currency onto the exchange so that you can set these limit orders. And hey, we're running out of time. Go onto YouTube. There's a five-minute explanation of whatever platform you're using for a limit order.

That way you can trade. If it dips below a certain price at two in the morning, it'll trade automatically. all my trades are done through limit orders at this point but but i do only a very small amount of trading i suggest just buying it and self-custody put it into self-custody not on any of those websites self-custody is totally separate from everything i said now purchasing with cash at the kiosk is essentially starting a self-custody for yourself. But the other ways I talked about where you're on a website or an app and you're using your bank account, that is not self-custody until you buy it there and then transfer it to your own wallet. And that's a little beyond where we are now.

But if you're interested, go look up what a hardware wallet is hardware wallet so you again buy cash at a kiosk and you're pretty much self custody already but if you're going to buy at coinbase or you're going to buy you know this is totally different than your ira or or you know what blackrock's doing and all that. That's definitely not self-custody. So self-custody... Go ahead, go ahead. So the thumb drive is called what again? Hardware wallet. So can you take your hardware wallet to an actual ATM,

stick it in there, feed it cash, and have your thumb drive register the Bitcoin at the price you just paid. For all intents and purposes, yes, but there is a bottleneck there where you can only

receive or spend a few hundred bucks per day per machine type of thing so but but the interface works you actually there's a usb you just plug it into the machine no no do not okay so think of the hardware wallet as like the secret key to your vault deep into your prepper bunker that you never want to bring outside and you never want to actually touch anything. So the memory of the Bitcoin amount isn't saved onto that drive? No, and that touches on what Bitcoin truly is.

It's almost like a locker where you have the key, but the key doesn't actually contain anything. You just have the key. It actually exists on the network so your bitcoin exists all on the network you don't actually own it you only own the key to unlock it but no one has that key except you unless someone steals your key what kind of strategy for limit orders might work hitting tops and bottoms What kind of strategy for limit orders might work hitting tops and bottoms? Can you give us an example of how you would set up a price scheme like that with automatic limit orders?

You know, it breaks. Like, say you buy at a price, right? If it's 20% higher, it automatically sells some of it. If it's 20% lower, you automatically buy. Or 20 and 20, is that too high? Do you trade in a narrower range? All great questions. We've got to go right now because I think Intrepid Commander is going to be on.

But we can talk a little bit about this next episode. But, yes, I think 20%, you can start there. I do more like 3%, 5%, 7% range on mine. And, again, I've broken my budget into 20 or 30 transactions. So I just, very small ones. I buy, sell, buy, sell, buy, sell every few percent. So there you go. That's it, Future Dan.

Great episode overall. We'll be back next week. What do you say? Yeah, we're going to need to pick up the next show, episode 273 in August 2024 with part two of How to Bitcoin today.