The Wolf Of All Streets - Buy Bitcoin, Bitcoin Are Balls | Max Keiser

Episode Date: April 14, 2022

Probably the most explicit episode of The Wolf Of All Streets, guest Max Keiser (@maxkeiser) takes us on a wild ride. American broadcaster and filmmaker, host of the Keiser Report, and longtime Bitcoin advocate — Max is at the forefront of the Bitcoin revolution. He joined us at Bitcoin Miami to discuss the incredible speed of Bitcoin adoption, his views on some powerful politicians, and what the world will look like when Bitcoin becomes a global currency. Oh, and how buying Bitcoin gives you bigger cajones. You’ll have to listen to hear that logic. JOIN THE WOLF DEN NEWSLETTER 📩 https://www.getrevue.co/profile/TheWolfDen THANK YOU TO OUR SPONSORS ►► Have you ever had your exchange go completely offline during days of high volatility? Of course you have. We've all been through it. Those days are no longer with Bullish. Bullish is a new breed of digital asset exchange that empowers users to trade with deep and predictable liquidity across highly variable market conditions. They also have incredible automated market-making and industry-leading security. I can't get enough of this platform and it's fully regulated. Sign up here: https://thewolfofallstreets.info/bullish/youtube ►► Secure your assets, secure your future, with Arculus. Arculus is the crypto cold storage wallet that combines the world’s strongest security protocols with an easy-to-manage app. Store, swap, and send your crypto all with a simple tap of your Arculus Key™ card. Order the safer, simpler, smarter crypto cold storage solution today at https://amazon.com/arculus EPISODE LINKS Max Keiser: https://twitter.com/maxkeiser FOLLOW SCOTT MELKER • Twitter: https://twitter.com/scottmelker • Instagram: https://www.instagram.com/scottmelker • Facebook: https://www.facebook.com/wolfofallstreets • Web: https://www.thewolfofallstreets.io • Spotify: https://spoti.fi/30N5FDe • Apple Podcasts: https://apple.co/3FASB2c

So Bitcoin are basically our balls. That's what I think what we're saying here, Scott. This episode is sponsored by Bullish and Arculus. Stay tuned for more information on both of these incredible companies later in the episode. I sat down for a frank conversation with Max Keiser, and it was everything you dreamed it would be and more. Probably the most expletives that I've heard in a single conversation thus far, and somehow degenerated into how the Miami Bull is lacking in, well, we'll say balls, and how Bitcoin itself is in fact balls. I don't think you want to miss this conversation that I had with legend Max Keiser.

I was with Ricardo Salides yesterday and he said you were going to get him orange shoes. Yeah, they are. We have them. We just haven't delivered them yet for Ricardo and his son, Hugo. Yeah, I've met his son, Hugo. And I think his chief of staff as well. They're cool. They're very cool.

You know, they're having a great time. You know, Bitcoin is just like, it's giving those guys a second life. It's really an interesting way to put it. And I've noticed that. I've been kind of saying that we're seeing, obviously, all these billionaires, institutions, whatever. Yeah. But you're not seeing any of them go backwards. Once they find it, there's no reversing.

No, it's a lot of fun for them because they can't control it. So, like, the problem with being a fiat billionaire is that you have people constantly telling you, do this, do this, you've got billions, do this, do that. And with fiat money, you do have the ability to influence politics and influence society, but with Bitcoin, you don't. So it's like they can be have fun again. He said he's 60% in and he loves playing golf.

That's what I got out of it. But 60% is no joke. Well, I told him that was basically he was short. Yeah. He was short Bitcoin at only 60%. You got to go to Michael Saylor and go 120%. Yeah. 150%. Well, listen, you're spending a lot of time in El Salvador, obviously.

Yeah. And I think there's probably, I wouldn't say misinformation, but not enough information coming out as to what's actually happening on the ground. Can you talk about what it's like spending time there, how fast it's moving? Yeah, just to be clear, have we started this interview? Oh, yeah, we just go, man. Fine. We're starting now. Right, so the Kaiser Report, which went off the air on February 24th,

we'll be back on the air in El Salvador. So it'll be a reconstituted Kaiser report, but broadcast from El Salvador. And so we'll pick it up where we left it off, episode 1821, basically. Maybe a name change, but it'll be the same thing. So to your point about getting the information out from El Salvador, I spoke to the president, Najib Bukele, about the need for English-speaking media. Like every country in the world now is English-speaking media to get their message out. It started with Al Jazeera, Al Jazeera English, and then every country in the world kind of followed their lead, including Russia and Germany and France and China.

And so El Salvador needs a big English-speaking news and commentary presence. So as soon as we kind of take a break from our vacation, you know, we're on vacation mode for the first time in 13 years. You know, we did Kaiser Report three times a week for 13 years without ever missing a single week. And so we're enjoying not doing anything at the moment. But at some point, we'll have to get back in the saddle and pick it up where we left off. I like that you call this not doing anything. When you have to do a drive, when you just get to be on the other side of the microphone, all of a sudden it's relaxing. Yeah, this is easy.

You know, doing the show requires actually some writing. Stacey does the writing. We have to book guests. And, you know, it's a task to do and to keep it, you know, to make it look easy takes a lot of work. Yeah. You've always said Bitcoin is inevitable, right? Uh-huh. Where are we on that timeline now?

Well, inevitable, you know, that can mean a few different things. So, inevitable in terms of being a global hyper-Bitcoinization, we're seeing, I think, I guess you'd have to, Scott, compare it to internet adoption in the 90s. You know, I was running an internet company in the 90s, and even after Netscape went public and you had a big surge of use of the internet, there was a period there around 1997 or so where people like Paul Krugman of the New York Times

and others were questioning whether or not this internet thing was going to survive or was it just a fad? A fax machine. And then we saw that hockey stick moment. That's the character of exponential growth, is that you've got that doubling effect, that factoring, that exponential growth.

And so now, I think we're at that hockey stick moment where you see in the next six to nine months doubling of usage from 150 million to 300 million and then pretty soon we're going to be over a billion and then bitcoin will be ubiquitous and entrenched and part of every day life and people won't even be thinking about it they'll be using it but they won't even know they're using it just like people use the internet and they don't really think about the protocol that underlies the internet and how it works and why it works they just use it same thing with bitcoin It just becomes part of the fabric of our reality.

I mean, I believe that we're at the hockey stick as well. And obviously, we'll see exponential growth. What's interesting to think about, though, is even if it doesn't go as fast as maybe we expect, all of our children are never going to live in a world that didn't have Bitcoin. So it's going to get there no matter what. It's happening really fast, but it has a price. And that is what people focus on. And if it's not moving at any given minute of every given day in the direction people want it to move, it becomes like, oh my God, this is not happening as fast as I would.

With the Internet, it wasn't actually a price that was traded in terms of where it was in the adoption cycle. Having said that, I'm sure a lot of people would have loved to have the opportunity to actually buy part of the Internet, which is what you can do with Bitcoin. You're actually buying something as big as the Internet, as ubiquitous as the internet, but you're actually able to own a piece of it. So that's the big difference and that is what is remarkable in a lot of ways. You've obviously been participating in this, thinking about it for a very long time. I think it started as obviously peer-to-peer cash and for the everyman.

Now we're seeing nation-state adoption, institutional adoption, governments, of course. Does any of it concern you? And why? In what way? Wall Street getting their hands on Bitcoin or participating, for example. Well, the design of the protocol invites everyone to join, it also invites attacks and the game theoretical aspects of it are intact and they're working beautifully. So you want as many people to be participating as possible. You want both Russia and Ukraine buying Bitcoin. You want every country to be buying it. You want Wall Street buying it. You want Wall Street trading

it. You want Wall Street creating all the derivatives they want to create on top of the Bitcoin stack. The greatest thing we have, though, is the ability to pull our keys off the exchanges. So if they want to create a multi-tiered Ponzi scheme based on a Bitcoin base layer, like they do in the gold market, for example, which hasn't had good price discovery now for over 10, 15 years, we have the ability to pull the private keys off the exchange essentially and collapse any major Ponzi scheme. There will be credit cycles.

I mean, Bitcoin will still be used as collateral. There's a lot of products here that are being introduced from mortgages and other types of leveraged products. And that's fine. It's pristine collateral. Michael Saylor is now borrowing against his Bitcoin position to buy Bitcoin. So he's engaged in what I've said many times, is basically he's engaged in a leveraged attack against the dollar, a speculative attack against the U.S. dollar.

Because if you can borrow money at these artificially low rates that the central banks have kept so low as part of a failed bank policy now for years, and you can buy Bitcoin, you're going to exploit this incredible arbitrage between the central bank totally mishandling policy for over 20 years now and the presence of this pristine, perfect money Bitcoin. And so Michael Saylor sees that and he's taking advantage of that.

When I talked to Ricardo Salinas Pliego about this, he said he's 60 percent Bitcoin. And I'm like, well, you know, that's a baby position. You know, you need to get 120% Bitcoin. You know, everything you have, you need to put it up as collateral and go all in. You know, he kind of laughed at that. But it's hard to argue with a guy while you're on his jet. Clearly, he is doing something right. Yeah. He's definitely speaking from a position of power and experience. What you just described, though, is the billionaire playbook. Anyways, right. Michael Saylor has sat on my show and does what Michael Saylor does,

which gives you a two hour education on the way things are happening and you don't get a word in edgewise. Right. And he's definitely broken down for me before. This is what you do if you're wealthy. You take everything you have, you get a really low interest loan and you don't get a word in edgewise, right? And he's definitely broken down for me before. This is what you do if you're wealthy. You take everything you have, you get a really low interest loan and you never sell anything, right? And you never pay taxes. But now he's the only one almost who's seeing that what he can buy with that now is this pristine asset that didn't exist before. So it's the playbook now that's even improved effectively. Yeah. You know, during the Weimar days, Weimar Germany, the richest man in Germany

did something very similar. He borrowed against the central bank, bought commodities, and became the richest man in Germany. I believe it's in the book When Money Fails. We all believe and know that cryptocurrencies are the future,

but it's still very scary to be your own bank and have to secure your assets. Most of the traditional hardware wallets are hard to use. They're clunky and people lose their private keys. It's not really that efficient. And that's where the Arculus key card comes in. I absolutely love this thing. I've transitioned largely to using it for most of my assets. It's literally

just a card that you tap right on your mobile device. You can send, receive, swap, buy, and sell crypto with that simple action. It's literally amazing. There's no cords. There's no charging. There's no Bluetooth. The only person that has access to your crypto is you. You guys have got to try it. And guess what? You can buy it right on Amazon. Go buy your Arculus on Amazon now. Have you ever been trading crypto and during bouts of high volatility had your exchange go completely offline or seen the order books go thin and have absolutely no liquidity for your trade? I know that you have. It's happened to every single crypto trader, but it's not an issue anymore thanks to Bullish. Thank you. And a quick side note here about Michael Saylor. Remember that pretty much the Michael Saylor playbook is the Trace Mayer playbook.

We give a shout out to Trace Mayer, who came up with the seven networking effects of Bitcoin back in 2010. You know, and he, you know, the contact that I've had with Trace Mayer, you know, he still is probably one of the biggest Bitcoin holders out there with over 200,000 Bitcoin. And he chose to go radio silent a couple of years ago. But, you know, just a shout out. So I am kind of the old man and the historian of Bitcoin now, one of the very few OGs still coming to conferences and talking. So I'm going to give a shout out to my old friend, Trace Mayer, who really made the case for Bitcoin as a pristine asset and something you could build an enormously profitable, leveraged position in. But now you see it with Michael Saylor and success breeds success.

So we're going to see other companies and other individuals follow that model. They have the white hot breath of inflation breathing down their neck. And inflation is breaking out, as we've been saying for a while. And it's not transitory and it's entrenched. It's a cyclical turn. The bond market now is over. The 40-year bull market in bonds is finished. So this is, you know, commodities are now in charge.

Paper assets that have been running the show for 40 years, that period is over. You know, Russia is not stupid. They kind of forced this change right now. They forced the collapse of the dollar and the fiat money system and the rise of commodities. They're a huge commodity producer. The ruble is hitting new highs. It's higher now than before the invasion. Ruble is probably going to be one of the strongest currencies in the world going forward.

It's a commodity-based currency. They've got China, Iran, Russia, India, all aligned on one. South Africa, South America, Mexico, they're all lining up behind commodities and Russia, India, all aligned. South Africa, South America, Mexico, they're all lining up behind commodities and Russia, essentially. So the U.S. is, I'm not sure they're playing this very well. If you're throwing Bitcoin in the commodity basket, which many like to, do you think that then we start to see nation-level adoption beyond El Salvador? You've obviously hinted at Mexico. We heard announcements from a Mexican senator here saying that they're going to propose legal tender.

Do you think we're going to see this? I mean, it's been since the last conference since El Salvador, and maybe we expected more faster, but expecting that from governments is probably not the best approach. But do you think we're going to start to see this groundswell country to country? Right, well, the sea change, Scott,

is the narrative of countries are going to outlaw Bitcoin to countries are going to start panic buying Bitcoin. That's the difference. So we're still, there's a few countries are still in the frame of mind that they need to outlaw or regulate Bitcoin. And particularly in the U.S., when you hear people like Brad Sherman or Elizabeth Warren, or there's another congressperson out in California now who's attacking El Salvador and we need to protect the dollar from El Salvador. My gosh.

Okay. So these people, I mean, Liz Warren has her head so far up her ass that it's like a contortionist's dream. I mean, she should be at Le Cirque du Soleil doing contortions. I mean, I've never seen such an ill-informed, financially illiterate fuckwit in my life. And she's actually in a position of power and people listen to her.

That's very sad for America. It's America's loss. You know, the rest of the world's looking at that, rubbing their hands and saying, keep talking, bitch, because we got the commodities and we're going to be running the show soon and you're going to be out there sucking cock in the parking lot for two bucks.

Have at it, bitch. Pretty much. I'm sorry to be so frank, but that's life, baby. I absolutely love it. I've spared no words for her myself. I mean, it's hard not to. And the thing is, though,

you say she's dumb, but I don't think she is. I think it's evil. It's intentional. She can't't think she is. I think it's evil. It's intentional. She can't be that stupid. Come on. Or it's bought and paid for. Look at Sean Penn.

Is he stupid or is he a CIA asset? You tell me. If the CIA and these folks, they need puppets. They need morons. She's a useful idiot is what the Soviet Union used to call these types of people. She's a useful idiot. She works for the lobbyists on Wall Street, and she gets paid to say stupid shit. And that's dumb because she's disgraced herself, her family, and her friends.

They've been disgraced. And I think that's very stupid. So is it evil? I mean, evil requires some modicum of intelligence. You know, crooks tend to be kind of smart, you know. But she's not even smart enough to be a crook. She's just smart enough to be a stooge. But you talked about-

Brad Sherman's worse though, just to be fair. It's not- Mongoose, cobra. Brad Sherman is a functional imbecile. I mean, he's actually got less cognitive abilities than Joe Biden. But his competitor, Erica Rhodes, has actually really taken quite a shine to Bitcoin. I had a long conversation with Erica Rhodes yesterday,

and we're going to do whatever we can to get her in office and take that fucking idiot out of office. Brad Sherman is a disgrace to America. But you just talked about this bill being proposed in California. How is El Salvador possibly a threat to the dollar? Why should American legislators be concerned about that instead of, I don't know, fixing all the problems that we have? Well, you know, the volcano bond in El Salvador can pay off the IMF loans, pay off all the loans. El Salvador can be a completely debt-free country with volcano bonds. And that's a threat to the U.S. dollar because it means that if El Salvador can escape U.S.

hegemonic power and the colonialization in Central America and Latin America, then so can all these other countries do the same thing. Honduras, by the way, was going to declare a Bitcoin legal tender at this conference. They got wind of it down there in the IMF and in Washington, D.C. D.C. sent in a plane load of suits to Honduras, threatened to kill everybody there unless they chose to make a different decision. So it was the economic hitmen showed up in Honduras threatening violence, as Paul Krugman

of The New York Times has said. PAUL KRUGMAN, The New York Times. It's been since the 1960s and 70s. It's the same game show. So Paul Krugman of The New York Times when asked what backs the U.S. dollar, he said men with guns. And that's true. That's what backs the U.S. dollar? He said, men with guns. And that's true. That's what backs the U.S. dollar, violence.

We see it every day. This is, the American empire is based on violent genocide across the world to support the dollar. So when Honduras decided, you know what, we want to be free and sovereign, they sent in the assassins and they threatened to kill everybody in Honduras. And so Honduras bent the knee. But they'll be back because inflation is out of control and the U.S. dollar is weakening in terms of its usage over around the world. Less than 60 percent of global trade is now U.S. dollar. And so they just have to wait a little bit longer before Hondurans get the taste of freedom. They'll taste it, though.

Talking about stupid, China last year. Right. So China, 500 years ago, during the Ming Dynasty, they burnt down their treasure fleet. China was ruling the world. But the Ming dynasty at that time decided that the merchants had too much power and that they were challenging the dynastic powers that were running China. So they ordered their 500 or so ships burnt. And China went into a period of decline. And this was the second worst mistake that China has ever made by getting rid of the miners as they did. It had absolutely no impact on Bitcoin. The hash rate's

now already at new all-time high. They're at a disadvantage, a strategic disadvantage, having done that particular act. But this is China's curse, is that whenever they're on the cusp of a major win, they tend to blow themselves up. They're like the Doug Flutie of countries. They choked. They choked again. So, yeah. Are they stupid? Yeah, they're really stupid. But they also have a great relationship with those other countries like Iran, China, India, and South America, Central America. So despite their stupidity, they're still going to make out better than the U.S., which is committing financial suicide right now.

What's the world look like when Bitcoin becomes global currency, when hyper Bitcoinization, Bitcoin standard? Fractionalization, just like the protocol is decentralized, so too will the world and the powers of the world, the countries of the world and the people of the world. So we're going to have, if you look at an old map of the United States from 200 years ago, there were something like 150 nations in America, Native Americans. Yes. And that's where we're going back to. We're going to go back to thousands of nations around the world running their micronations. But everyone will be on a Bitcoin standard.

So it'll be very holistic, very organic. We'll be able to trade with everyone. We'll be able to trade with each other with perfect money. There'll be very little violence because Bitcoin monetizes peace and love and it demonetizes war and hate. I've explained why that is before because it's unconfiscatable. So you cannot use violence like Paul Krugman suggests to take other countries' stuff. You'd have to approach them with something on offer that they're willing to trade with. In this case, it would be with Bitcoin. So that's where we're heading. We're heading to decentralization breeds more decentralization.

You want diversity, you want biodiversity. We're leaving, hopefully, an era where everything became monocultures. The US is experimenting with the monoculture of what's called cultural Marxism. That experiment will fail, as it always fails. I see Louis C.K. just won a Grammy Award for best comedy record for the year. So I think the Me Too movement is dead, finally. You know, Elon Musk is now going to be big in Twitter. You know, I think they'll bring Donald Trump back. So we're going to have a discourse again.

We're going to have people able to have free speech. We'll make a comeback because right now free speech has been neutered, like the electronic bull outside of this convention. No balls. Yeah. We're like bull, cow, or we've decided neutered bull. Once electronic bull outside of this convention. No balls. Yeah. We're like, bull, cow, or we've decided neutered bull. Once a bull, at least. I wonder why they, I don't know. They debated the balls, I heard. I asked. Did they? Yeah. Why not have balls?

I guess settled on the great compromise. What's the compromise? I don't know. It's a woke bull. It's a bull. It's a bull. It's a woke bull. It's a woke bull. It's a woke bull. It's a woke bull with a vagina, right? But there's no vagina either. It's a Barbie doll. It's a Ken doll. Genitalia-less animal bull with no genitalia.

Well, how does it propagate? How does it, you know, breed? You and I are going to start a campaign to bring the balls back. The poor bull. I feel bad. Does it sing in a falsetto voice? Yeah, it's Castrati. It's Castrati?

It's going to keep that same voice indefinitely, though. It's beautiful. That's right. He will be able to sing Castrati forever now. Well, that's sad, but maybe they couldn't afford the balls. You know, that extra $20,000 for a pretty set of balls was too much they just you know people are offended by balls apparently well that's obviously a sorry state of affairs balls are beautiful I like to sun my balls as people know that's the healthiest thing to do the perineum the

little area my man the between the the scrotum and the asshole the perineum, the little area. Vitamin D, my man. Between the scrotum and the asshole, the perineum. Yeah, we call that the taint. The taint. You can suntan your taint. That's what you do if you're a man, and you go out there and be a man. The lack of testosterone in society is causing a collapse in society. These other countries are not afraid of balls,

and they'll be in charge. So America has to decide, do we want to be taking orders from other countries because we don't like balls, or are we going to man up and say we have balls and we're not going to take orders from India, China, Russia, and Iran? We're at the risk of being a subservient housekeeping, you know, houseboys, rent boys.

There's a nation of rent boys in America that'll be servicing Iranian, Chinese, Russian and Indian men and women. That's what we're going to end up doing, Scott, you know, unless we get fucking our balls out and start to be, you know, represent that we have values here. So Bitcoin, everything about Bitcoin represents everything that you would find in the constitution and the bill of rights and everything that we have fought for in this country for over 240 years.

So the easy thing to do is just to buy Bitcoin, accumulate Bitcoin, promote Bitcoin. And it's like having balls. If you're a woman and you want to have balls and you want to compete like a man, buy Bitcoin. If you're a man and you want to stop being without balls. Or just have bigger ones. Have bigger balls. Buy Bitcoin and you will take care of your gonad problem. So Bitcoin are basically our balls. That's what i think what we're saying

here scott bitcoin our balls bitcoin well you sir have no lack of balls thank you very much we're going to get that viral i hope so bitcoin's balls bitcoin bitcoin is real estate bitcoin is bitcoin balls you're hearing your first bitcoins balls yeah I'll share here first, Bitcoin's false. Yeah, yeah. All right.