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One of the reasons I really don't like Bitcoin is because Bitcoin has become the currency of choice for espionage around the world. If you're a North Korean trying to recruit an American scientist, you're you're gonna pay them in Bitcoin. Well, if you're a Chinese person trying to report to American intelligence, you're probably also getting paid in Bitcoin.

Janet Yellen's announcement on stable coin regulation coincided with the downfall of Tera Luna. It's no coincidence that a new bill was introduced and within 24 hours, the top algorithmic stable coin crashed.

Speaker 0 uses a casino analogy to describe how Bitcoin and crypto markets operate. They say: it’s like a casino chip. When you go into a casino and place a wager, you exchange dollars for chips, you gamble, and you can either win money or lose money. At the end of the session, you cash in your chips for dollars and leave. In the crypto world, Bitcoin functions similarly to that casino chip. The speaker notes that, in practice, people use dollars to buy Tether, a stablecoin, and then use Tether to buy Bitcoin. This leads to the claim that Tether effectively serves as the currency of the crypto world, or at least a primary vehicle through which value moves into Bitcoin. The sequence is described explicitly: people buy Tether with dollars, then they use that Tether to purchase Bitcoin. The implication is that the path from dollars to Bitcoin typically runs through Tether, rather than using dollars directly. Regarding gains and losses, the speaker emphasizes that Bitcoin can generate profits or incur losses just like a casino chip does when you gamble. The parallel is drawn between the financial risk and potential reward in gambling and in holding or trading Bitcoin. When it comes to exiting the crypto position, the speaker explains that there are practical steps to convert crypto back into traditional currency. To exit the “casino,” you would sell Bitcoin, usually for Tether, and then redeem that Tether to obtain dollars. In addition to these once-for-trade dynamics, the speaker mentions that certain banks act as portals between the crypto world and the real-world dollar system. These banks enable you to extract dollars, which you can then use for purchases such as a house or stocks, underscoring the bridge between crypto holdings and traditional financial activities. Overall, the comparison frames Bitcoin as a gambling-like instrument that relies on Tether as a stable intermediary currency, with potential for both gains and losses, and with a defined process to convert back to dollars through Tether and bank-facilitated exchanges. The closing sentiment reinforces the view that the casino-chip analogy captures the essence of Bitcoin’s role in the crypto ecosystem.

Bitcoin was created by John McCarthy to catch criminals. It is centralized and every transaction can be seen. McCarthy also reveals that Moderna is involved in criminal activities. He emphasizes that Bitcoin is worthless and that Monero is the only currency that is actually used. He dismisses the idea of adding privacy features to Bitcoin, stating that it is old, slow, and cannot support smart contracts. He challenges anyone who believes Bitcoin is worth more than 5¢ to explain their reasoning.

The speaker claims Stellar Lumens has been secretly working with the US Treasury and is a major gainer in the last 24 hours. The US government wants to push a central bank digital currency and needs specialists. The Stellar Development Foundation was listed as a team of experts for the US Treasury in a 2021 report. In April, Stellar became the first public blockchain to host a US registered fund, with most investors allegedly connected to the US government. Stellar is a nonprofit, and its CEO previously worked for Mozilla and testified before Congress. The CEO is also a representative for the Biden administration on crypto and digital currency. The speaker suggests these connections indicate a long-term plan, and questions Stellar's recent market activity.

In 2007-2008, a housing bubble occurs, followed by the birth of Bitcoin in 2009, which initially has issues. Satoshi Nakamoto, aka XRP, is credited with fixing Bitcoin. However, the original Bitcoin source code requires at least one other person for it to work. The potential dangers of a mysterious individual with vast wealth and power, influencing politics and law enforcement, are discussed.

The speaker claims the alleged creator of Bitcoin, Santoshi, denied inventing the technology in an interview. The speaker suggests three-letter agencies are involved and gave Bitcoin a rebellious persona. The speaker questions how Santoshi obtained the technology and infrastructure, arguing that anyone opposing the system is "taken out," referencing JFK, Gaddafi, Jackson, and Lincoln. They propose Bitcoin may have a backdoor and that Google possesses technology to decrypt the 256-bit encryption used by cryptocurrencies. The speaker notes Google's technology emerged in 2012, before the cryptocurrency boom.

I've always been against crypto, especially Bitcoin, because it is mainly used by criminals for activities like drug trafficking, money laundering, and tax evasion. Its anonymity and instant money transfers allow it to bypass systems like know your customers, sanctions, and OFAC. If I were in power, I would shut it down. On September 12th, Jamie Dimon called Bitcoin a fraud and threatened to fire any trader buying it. This caused a 24% drop in Bitcoin's value. Interestingly, Morgan Stanley and JPMorgan, companies led by Dimon, were the largest buyers of a Bitcoin fund in Europe. It's unethical for Dimon to criticize Bitcoin while his own company is investing in it.

Edgar Barja runs Kioskos, the El Salvador chain selling Bitcoin wallets, with Grupo Barja’s old money from energy and real estate now funneling into crypto kiosks. Brock Pierce, Tether’s cofounder, didn’t just move HQ to Bukele’s El Salvador; he bought Barja’s silence with 30,000,000 through a Maltese shell, then defaulted on a hotel deal the same week. The Knights of Malta act as the glue: Pierce was knighted in 2019; Barja’s uncle was a lifelong member, and they knighted Bukele quietly in 2021 right after he greenlit Tether’s license. The bottom line given is that it’s a human trafficking pipeline disguised as fintech. Kiosks scan IDs for onboarding, but half those scans end up in Barja’s databases, sold to traffickers who ship kids through El Salvador’s ports. Tether cash is said to grease the bribes. Knights pray over it like it’s holy work. Bukele gets his Bitcoin headline, Pierce pockets laundering fees, and Edgar keeps the kiosks rolling. All legal on paper, all filthy underneath. Expanding on the DEN trafficking network: the DEN ring is not a back-alley hustle but a polished pipeline built on crypto and fake charity. Edgar Borges’ kiosks aren’t just Bitcoin ATMs; they’re ID harvesters. Every poor Salvadoran scanning a wallet uploads their passport, photo, even fingerprints. That data is sold straight to traffickers in Tegucigalpa or Mexico City. One case cited: a 16-year-old girl from San Miguel scammed last month, vanished two days later in a container truck headed north. Price tag cited as $8, paid in tether. Brock Pierce ties it tight as the money man. After Disney kicked him out for an underage party scandal, he pivoted to crypto freedom in Bukele’s Bitcoin Utopia. Tether’s reserves are described as half backed by sketchy bonds, the rest by dark pools; he wired 20,000,000 to Barja’s shell last year for kiosk upgrades. It’s framed as kickbacks; Knights of Malta sanctify it. Their El Salvador chapter runs orphanages that recruit volunteers, but half those kids end up as mules or worse; Bukele knows, with his brother’s cousin running the chapter, and the scheme funnels cash to his reelection machine. Victims are mostly migrants, Ecuadorians hopping flights, Indians with tourist visas. Kiosks flag them; Pierce’s bots wash the coins; Borges taxis drive them to the border. US arrests? A six-person bust last month; 45k seized. But the bosses are untouched. It’s described as Epstein’s old playbooks, but digital now. It’s framed as engineered, not random. Names are said to be ghosts, yet tether wallets are urged as the path to follow.

Edgar Borgia runs Kioskos, the El Salvador chain selling Bitcoin wallets, his Grupo Borgia family’s old money from energy to real estate, now funneling into crypto kiosks everywhere. Brock Pierce, Tether’s cofounder, didn’t just move HQ to Bukele’s paradise—he wired 20–30 million through a Maltese shell to upgrade kiosks, with Knights of Malta playing the glue; Pierce was knighted in 2019 and Bukele quietly knighted in 2021 after greenlighting Tether’s license. The DEN ring is described as a polished pipeline built on crypto and fake charity: kiosks perform ID onboarding, with scans ending up in Borgia’s databases sold to traffickers who ship kids through El Salvador’s ports; Tether cash is said to grease the bribes. A 16-year-old from San Miguel reportedly vanished after a scan, priced at $8 in Tether. The network allegedly ties to Epstein, CIA, Mossad, and Howard Lutnick, who signs the checks.

One of the reasons I really don't like Bitcoin is because Bitcoin has become the currency of choice for espionage around the world. If you're a North Korean trying to recruit an American scientist, you're gonna pay them in Bitcoin. Well, if you're a Chinese person trying to report to American intelligence, you're probably also getting paid in Bitcoin.

The speaker claims the individual credited with inventing Bitcoin, Santoshi, denied creating the technology in an interview. The speaker suggests three-letter agencies are actually behind Bitcoin and cryptocurrency, giving it a false origin story of a rebel fighting the system. They question how Santoshi would have acquired the necessary technology and infrastructure, given the fate of historical figures who opposed the system. The speaker implies Bitcoin may have a backdoor and notes Google possesses decryption technology developed before the cryptocurrency boom, suggesting this is not coincidental.

The speaker claims that the NSA created SHA-256, the algorithmic procedure behind Bitcoin, and that despite skepticism, they found a 1996 paper titled "How to Make a Mint: The Cryptography of Anonymous Electronic Cash." The paper is said to have been written in 1996 by the NSA. The author is named Tasoki Akamoto, which the speaker notes sounds like Satoshi Nakamoto, the credited author of the Bitcoin white paper published in 2008.

The theory that the NSA invented Bitcoin is gaining traction due to a paper they released in 1996 called "How to Make A Mint, the Cryptography of Anonymous Electronic Cash." This paper outlined a system similar to Bitcoin, with secure transactions and a decentralized network. The hashing algorithm used by Bitcoin, SHA 256, was also created by the NSA. This raises questions about the government's involvement in creating a tool that provides privacy while displaying transactions on a public ledger. If wallet addresses can be connected to individuals, it could eliminate tax evasion and money laundering.

Together because they are completely interlinked. Epstein is linked with Howard Lutnick, our commerce secretary whose firm manages the treasuries that back tether, the largest stable coin. And Brock Pierce, who was Epstein's crypto adviser, who was a cofounder of Tether and was the head of the Bitcoin Foundation before it collapsed, and then MIT took over the developers is right in the middle of this. So in essence, the endgame of this is what they have figured out as a way to have a backdoor CBDC where they specifically profit. I'm starting to call this now the creature from Epstein's Island because in the end, what are we getting out of this? We have something called USAT, which is the new official stable coin that complies with the genius act. So we have a situation where it's a digital token backed by fiat, backed by treasuries that can be programmed, tracked, and censored. And the biggest financial beneficiary is Howard Lutnick's firm. They managed to create so think about it this way. He's managed to create a central bank digital currency where only one firm profits from all of the fees for managing the treasuries. This is the biggest financial heist probably in human history. And it is connected directly to Epstein and Brock Pierce and the hijacking of Bitcoin. That's how they're linked. Now, do I think were they playing five d chess and this is what they thought was gonna happen? I don't know. May be if so, it's very clever or were they opportunistic about it? But make no mistake about it. These government regulated stablecoins are backdoor CBDCs in not in the sense that they're issued by the central bank, but in the sense that they are controlled and surveilled by the government and tracked by the government, which after all is the thing that people are worried about with CBDCs. The concern isn't really so much about the central bank. Of course, the central bank is complete unnecessary third party, but financial surveillance comes from Congress. All of the bank secrecy laws, all of the tracking and the suspicious activity reports, this is Congress. This is not the Federal Reserve. The Federal Reserve does not initiate any of that. So this is in many respects worse than the creature from Jackal Island. This is worse than the creation of the Federal Reserve itself because what it's done is created a digital dollar where one political member of a cabinet, his family and his company is the biggest single beneficiary. One of the things that came out of the Epstein file is Lutnick's claim that he was disgusted by Epstein and had nothing to do with him after 2006. The emails show Lutnick emailing Epstein coordinating to visit Epstein on Epstein's Island with his yacht and with his family. There's another email showing Lutnick contributing $50,000 to an event that Epstein was running. Lutnick flat out lied, and I will have to check whether that was under oath about his relationship and association with Epstein. He was a next door neighbor of Epstein and bought his house from Epstein. The connections here are overwhelming. It's so much data to map that I'm using AI to start making initial connections, then humans correct. How do these pieces fit from a timetable perspective? This is game changing. Epstein's hijacking of Bitcoin has not been widely acknowledged, and some Bitcoin Maxis resist this information. I urge people to do their own research, not to rely on spin. Look into Epstein's emails via Jmail and other sources. The information is out there, including the Epstein files, and the article I wrote for Brownstone at brownstone.org with screenshots of emails. Do your research. Don't accept a single influencer's take. Epstein literally funded changing the Bitcoin protocol to make it digital gold, yet there is no indication he actually held Bitcoin. This warrants investigation. Roger Ver, once a prominent Bitcoin advocate, has described hijacking in his own book, and his later treatment suggests suppression. The broader point is that there are deeply interwoven connections among Epstein, Lutnick, Pierce, Tether, and the Bitcoin ecosystem, with implications for who profits and how governance and surveillance could unfold.

Nation states should pay more attention to the rise of cryptocurrency. Bitcoin was created by engineers who were dissatisfied with the unfairness of the financial crisis and wanted to create a better form of money. They used the Internet and cryptography to develop an immutable ledger, a bank in cyberspace where people can store their money without trusting each other, the government, or any corporation. There are 21 million coins in this system, and no more can be created. The identity of the founder is not important because Bitcoin needs to be a decentralized currency. However, the mining of new coins has the potential to undermine currencies, destabilize nations, and challenge the role of the US dollar as the reserve currency.

The SEC has sent Wells notices to PayPal and Coinbase, warning that the cryptocurrencies they deal with may have broken the law as unregistered securities. These companies have been asking the SEC for guidance on which coins are problematic, but the SEC has been unhelpful. There are concerns that the SEC and the Biden administration are trying to destroy crypto to make way for a CBDC surveillance coin. Recent attacks on crypto-engaged banks support this theory. The goal seems to be to eliminate alternatives and force the crypto industry to develop on a CBDC base. This is referred to as Operation Choke Point 2.0. Bitcoiners are enjoying the show as shit coins suffer, but the pattern suggests that Bitcoin and other blockchain-based entities may be targeted next. The aim is to cut off escape routes from fiat and strangle businesses building an economy based on Bitcoin.

Speaker 0: I had a guy who worked, very, very, very high up at Citibank. And he told me around 2008, he said, Glenn, you know, don't worry about the financial system. And I'm like, uh-huh. And he said, you know, we're never gonna go broke. I mean, do you know how much just the national parks are worth? And I looked at him and said, are you seriously telling me that we should commoditize the national parks? And he said, it's gonna happen. And I wonder now if this is what he was talking about. If it was just a digital not actually selling them, it's just a digital commoditization of our parks. Speaker 1: Yeah. So apply this now to the the phrase that we all heard during the COVID era, you'll own nothing and be happy. Well Yes. There's certain people that want to own everything, and that includes things that have never been able to be owned before that were considered things like the public commons, like rivers, lakes, the ocean itself, natural forests, all sorts of it. These people want to put all of that into the financial system, fractionalize it, tokenize it, and sell pieces of it around, use it to speculate on. Mean, it's It's very insane. Yeah. And so, this is just one aspect of digital currency play. Obviously, there's a lot more than that just going on as well. I would argue that a lot of this push, particularly in The US for dollar stablecoins supposedly being better than a central bank digital currency, also falls into this paradigm we talked about earlier of, you know, moving from the public to the private of the public private partnership because a lot of these stablecoin issuers, you know, if the the big concerns about CBDCs was that they're seasable, they're surveillable and they're programmable, Well, all of those three things also can apply to stablecoins. The only difference is that you would have a private company issue it and control it. But we've seen time and again how a lot of these private entities are willing to do that. When contacted, just look at how Bank of America behaved with January 6, people accused of wrongdoing on that day, for You know, they have no qualms in doing that and engaging in those type of activities. And the biggest dollar stablecoin issuer, Tether, which just hired Bo Hynes from the White House, they have openly said that they are a close partner of the US government for dollar hegemony globally and have uploaded the FBI, the Secret Service and other aspects of the US government onto its platform directly and have seized tethers from people just because government told them to, and this was during the Biden administration. So they obviously are willing to do that under any administration, and it's essentially functioning as a de facto public private partnership, even though we're being told it's a it's much better than a CBDC, but in terms of its impacts on civil liberties, you know, that's not necessarily true. So, again, vigilance is is important here.

The speaker mentions that the NSA created SHA 256, the algorithm used in Bitcoin. They refer to a 1996 paper called "How to Make A Mint" about electronic cash, written by Tasoki Akamoto. The speaker finds it coincidental that the name sounds similar to Satoshi Nakamoto, the credited author of the Bitcoin paper in 2008.

The speaker claims that the NSA created SHA-256, the algorithmic procedure behind Bitcoin. While browsing Twitter, they found a 1996 paper titled “How to Make a Mint, the Cryptography of Anonymous Electronic Cash,” which they state was written in 1996 by the NSA. They note that the author of that 1996 paper about electronic cash was Tasoki Akamoto, which they say sounds like Satoshi Nakamoto, the credited author for the Bitcoin paper in 2008.

Mario and Jeff discuss what the current geopolitical and monetary environment means for gold, the US dollar, and the broader system that underpins global finance. - Gold and asset roles - Gold is a portfolio asset that does not compete with the dollar; it competes with the stock market and tends to rise when people are concerned about risky assets. It is a “safe haven store value” rather than a monetary instrument aimed at replacing the dollar. - Historically, gold did not reliably hedge inflation in 2021–2022 when the economy seemed to be recovering; in downturns, gold becomes more attractive as a store of value. Recent moves up in gold price over the last two months are viewed as pricing in multiple factors, including potential economic downturn and questionable macro conditions. - The dollar and de-dollarization - The eurodollar system is a vast, largely ledger-based network of US-dollar balances held offshore, allowing near-instantaneous movement of funds. It is not simply “the euro,” and it predates and outlived any single country’s policy. Replacing it would be like recreating the Internet from scratch. - De-dollarization discussions are driven more by political narratives than monetary mechanics. Central banks selling dollar assets during shortages is a liquidity management response, not a repudiation of the dollar. - The dollar’s dominance remains intact because there is no ready substitute meeting all its functions. Replacing the dollar would require replacing the entire set of dollar functions across global settlement, payments, and liquidity provisioning. - Bank reserves, reserves composition, and the size of the eurodollar market - The share of US dollars in foreign reserves has declined, but this is not seen as a meaningful signal about the system’s functionality or dominance; the real issue is the level of settlement and liquidity, which remains heavily dollar-based. - The eurodollar market is enormous and largely offshore, with little public reporting. It is described as a “black hole” that drives movements in the system and is extremely hard to measure precisely. - Current dynamics: debt, safety, and liquidity - The debt ceiling and growing US debt are acknowledged as concerns, but the view presented is that debt dynamics do not destabilize the Treasury market as long as demand for safety and liquidity remains high. In a depression-like environment, US Treasuries are still viewed as the safest and most liquid form of debt, which sustains their price and keeps yields relatively contained. - Gold is safe but not highly liquid as collateral; Treasuries provide liquidity. Central banks use gold to diversify reserves and stabilize currencies (e.g., yuan), but Treasuries remain central to collateral needs in a broad financial system. - China, the US, and global growth - China’s economy faces deflationary pressures, with ten consecutive quarters of deflation in the Chinese GDP deflator, raising questions about domestic demand. Attempts to stimulate have had limited success; overproduction and rebalancing efforts aim to reduce supply to match demand, potentially increasing unemployment and lowering investment. - The US faces a weakening labor market; recent job shedding and rising delinquencies in consumer and corporate credit markets heighten uncertainty about the credit system. This underpins gold’s appeal as a store of value. - China remains heavily dependent on the US consumer; despite decoupling rhetoric, demand for Chinese goods and the global supply chain ties keep the US-China relationship central to global dynamics. The prospect of a Chinese-led fourth industrial revolution (AI, quantum computing) is viewed skeptically as unlikely to overcome structural inefficiencies of a centralized planning model. - Gold, Bitcoin, and alternative systems - Bitcoin is described as a Nasdaq-stock-like store of value tied to tech equities; it is not seen as a robust currency or a wide-scale payment system based on liquidity. It could, in theory, be a superior version of gold someday, but today it behaves like other speculative assets. - The conversation weighs the potential for a shift away from the eurodollar toward private digital currencies or a mix of public-private digital currencies. The idea that a completely decentralized system could replace the eurodollar is acknowledged as a long-term possibility, but currently, stablecoins are evolving toward stand-alone viability rather than a wholesale replacement. - The broader arc and forecast - The trade war is seen as a redistribution of productive capacity rather than a definitive win for either side; macroeconomic outcomes in the 2020s are shaped by monetary conditions and the eurodollar system’s functioning more than by policy interventions alone. - The speakers foresee a future with multipolarity and a gradually evolving monetary regime, possibly moving from the eurodollar toward a suite of digital currencies—some private, some public—while gold remains a key store of value in times of systemic risk. - Argentina, Russia, and Europe - Argentina’s crisis is framed as an outcome of eurodollar malfunctioning; IMF interventions offer only temporary stabilization in the face of ongoing liquidity and deflationary pressures. - Russia remains integrated with global finance through channels like the eurodollar system, even after sanctions; the resilience of energy sectors and external support from partners like China helps it endure. - Europe is acknowledged as facing a difficult, depressing outlook, reinforcing the broader narrative of a challenging global macro environment. Overall, gold is framed as a prudent hedge within a complex, interconnected, and evolving eurodollar system, with no imminent replacement of the dollar in sight, while the path toward a multi-currency or digital-currency future remains uncertain and gradual.