Money: Humanity's BIGGEST Illusion That Keeps Everyone In The RAT RACE | Robert Breedlove
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- เผยแพร่เมื่อ 15 ก.พ. 2023
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On Today's Episode:
No one wants to hear that the money they save today will be worthless tomorrow, and yet no one can deny that inflation is hitting everyone at the grocery store. What does this all mean and what can you do about it? You’re living through a recession that the government can’t seem to agree on or admit to whether you like it or not.
Robert Breedlove hosts the podcast, ‘What Is Money?’ has joined Tom a few times and broken down the complexities of money, inflation, and property rights. He’s a freedom maximalist, and bitcoin philosopher that offers food for thought that can melt your brain. His breakdown of inflation being a version of legal theft should grab your attention as it’s hard to ignore once you hear his explanation.
We’re digging into key ideas such as:
The money crisis
How bitcoin is impacting future creation of wealth
How you can better thrive during this financial crisis
It always comes down to decision and how you choose to move through reality as it is not how you wish it were.
QUOTES:
“Money is always scarce by definition.”
“The really successful entrepreneur is almost brilliantly lazy.”
“The innovation we’ve seen in the 21st century has been in spite of central banking not because of it.”
“When we print money you’re only violating individual private property rights.”
“The corruption of this technology that’s so fundamental to our human being, leads to the corruption of our character, and the corruption of who we are. It’s like a breakdown and corrosion of the moral composition of society through the debasement of currency and the violation of property.”
“Inaction is an impossibility. To choose to not act is an action.”
“The more productive we become as a global economy, the more purchasing power bitcoin can contain.”
“Money is an insurance policy on uncertainty
“Inflation is quite simply, legal counterfeiting, and counterfeiting is illegal inflation. They’re mechanically the same thing.”
“Setting a legal monopoly to steal from all of society is a really convenient wealth acquisition strategy.”
Follow Robert Breedlove:
TH-cam: / @robertbreedlove22
Twitter: / breedlove22
LinkedIn: / breedlove22
Podcast: whatismoneypodcast.com/
Instagram: / breedlove_22
"Inflation is legalized counterfeiting. Counterfeiting is illegal inflation."
Huh. I've found the most brilliant statement I've heard thus far in 2023. Interesting. 🤔
What a great podcast. 👍👍
Just like that movie ‘To live and Die in LA’
Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
Impressive insights! For beginners like me, managing and staying updated can be overwhelming. Are you an experienced investor or do you have a strategic approach for staying informed?
Absolutely not, as I've closely tracked my portfolio's performance, witnessing a staggering $482k growth in just the last two quarters. This experience has taught me the secrets behind experienced traders' substantial gains in what might appear as unpredictable markets. Undoubtedly, it's been a bold and rewarding choice I made fairly recently.
"Lisa Angelique Abel" serves as my advisor, bringing extensive qualifications and experience in the financial market. Her deep understanding of portfolio diversity positions her as an industry expert. I suggest delving into her credentials for further insight. With her considerable experience, she offers valuable guidance to anyone seeking to navigate the complexities of the financial market.
X 2:46:47 ii hi j😮
That’s the same type of wisdom my great money manager teacher taught me
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
@@yeslahykcim impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
I'm being guided by “Leila Simoes Pinto’’ who is widely recognized for her competence and expertise in the financial market. She has a thorough understanding of portfolio diversification and is regarded as an authority in this field.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
The fact that we have to worry about a government that doesn’t want to relinquish power is a testament to the reality of how far we’ve strayed from a government of the people, by the people, and for the people.
Man, with the mind and knowledge that Robert has, I can only imagine how lonely it must feel. He sees the world in a way that a very rare few do
Was thinking the same
I agree
I tend to agree with people that go against the grain. Specifically people that have a view of individual sovereignty #BITCOIN
I learned this truth with my father and his ultra-brilliant friends ... Valedictorian at W & L College and Harvard Law, 170 IQ.
They think differently than regular people. Nobody understands how their thoughts are, very few friends, lonely underneath it all. Had a mathematician friend who did Bessel functions in his head, very shy, and they all drank a lot. Very lonely.
Very true. The man has a rare intellect.
Is this what genius looks like. Very educated and articulate guest. Toms ability to understand and then summarize such intricate topics is also exceptional. I get the feeling this guest is holding back on parts of history that pertain to money that may shock viewers. His comment about the US in WW2 whether right or wrong shows he's studied more than the financial system. Well done Tom for your caliber of guest and show.
Problem is, is that money is exchangable for bitcoin. Until fiat is worth zero, the theory of bitcoin does not apply.
I couldn’t agree more. It will indeed shock people. His take on the morality of the monetary system is impeccable. These gold ‘warehouse’ were responsible for the most evil acts on earth behind the scenes.
Fiat being worth nothing is basically a guarenteed outcome. It's already happened thousands of time.
@@garrettpatten6312I agree. 😅 fiat currency is only worth what we as a society agree that it has value. Floating reserve notes are debt notes, IOU’s to be exact. How can we pay debts with debt notes?😂😅
@@user-wr2cd1wy3bhuh?
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Well I recommend you make a diversification plan because it's been harder to build a good stocks portfolio since COVID. My colleague suggested I hire a brokerage Adviser, and I've actually made over $457k with their help during last market upheavel. They used defensive strategies to protect my portfolio and make profits despite the ups and downs.
I'd like to give significant credit to *Camille Alicia Garcia* who maintains a strong online presence. You can easily find her through a web search. While there are some other individuals worth considering, it may be more challenging to locate them. In addition, Julia has provided excellent guidance throughout the year.
Thank you, I copied and pasted his name on web browser and sent a email waiting for reply.
It’s all by design. This is why they are pushing for larger wars. Easier to hide their corrupt central bank system. Best to buy crypto and junior miners with low share float.
"The legislator's pen cannot create wealth, it can only reallocate wealth." Robert summed it up succinctly!
Usary
Economists and business leaders are voicing concerns at the start of 2023 that the year could be a difficult one. JPMorgan Chase & Co. Chief Executive Jamie Dimon said that the Federal Reserve may need to raise interest rates to 6% to fight inflation, higher than the peak level between 5% and 5.5% in 2023 that most Fed officials penciled in after their December meeting. Although I read an article of people that grossed profits up to $500k during this crash, what are the best stocks to buy/short now or put on a watchlist.
Emotionally-charged decisions to sell off large quantities of stocks or other investments now lock in your losses, removing any chance for future growth.
Very correct; the bear market has contributed significantly to the growth of my investment. I was able to quickly increase my portfolio from $180K to $572K. Essentially, I was just doing as my financial advisor instructed. You're good to go as long as you get competent assistance.
@@lowcostfresh2266 Would it be okay if I asked you to recommend this specific advisor or company that you used their services? Seems you've figured it all out.
@@TomD226 I won't pretend to know everything, though. Her name is Laurel Dell Sroufe but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.
f..ink bots i hate you
TOM IS AMAZING. “HOW I CREATE WEALTH”
The first step to creating wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a finance-pro. and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
I am fortunate I made productive decisions that changed my finances (accumuIated over 1M in 2years) through my finance-pro. Got my 2nd house in Feb, and hoping to retire soon. Give this a try and attain weaIth.
researvh the name, lf you care.
REBECCA MARTIN WATSON
☝️🚨 This is the new *Nigerian Prince scam.* (This comment thread.)
They create a comment thread with their target's name as the solution. (It's actually pretty clever. There's leveraging Social Proof as their sales tactic. They get you to think that wanting their service is your idea. They also rely on Social Conformity and FOMO. It's smart.)
Anyways, don't fall for it. Once you realize what they're doing you'll start noticing it in every comment section.
It’s important to choose stocks that are expected to hold uo in inflationary environments. To combat the negative effect of inflation, it’s a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, and real estate, since this can help protect your portfolio against inflation. I have seen People making up to $500k in a month during high inflation
One strategy is to invest in assets that performs well during inflation. Another strategy is to focus on companies that have the ability to pass on price increases to their customers. Its also important to maintain a diversified portfolio. It may be a good idea to speak with a financial adviser who can help you develop a customized investment strategy based on your individual goals and risk tolerance
I've been thinking of going this route of using an advisoR. Could you suggest yours?
She actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
An economic crash will make any investment null and void. Total lose. Be self relient!
1:56:58 You mean the Christ is the Price, the Price is the Christ?
This is a giant Bitcoin ad. Dude got trapped in a cult and he’s well-spoken, so a lot of people gravitate towards him.
Bit coins is cool but the value is not guaranteed. Put all your mon😮ey in bit coin and see what happens when shit hits the fan. Small allocations that you cab lose is all that is prudent to do
@@wellerandre236 We’re in a world where I can’t afford to lose any money. My base salary is a few hundred grand (I’m in tech; I live in NYC). I’m not going to sit here and ignore the fact that a lot of huge players in the crypto game just got exposed for being complete frauds behind some imaginary coins. I’m big in new technology, and I understand it takes a lot to get people to see value in new tools (I know all too well), but this crypto wave has been nothing but passion-fueled mini movements and financial ruin. I’m tired of it. I don’t want to put my money anywhere near it. If I miss out, so be it. I’ll keep putting my money in other areas.
I love Tom's interviews. Especially when he is not talking! Tom, you don't need to constantly demonstrate how smart you are. The answer to that is obvious to all that listen to you.
I kinda think he is rephrasing to make sure he learns and understands it. Not necessarily stealing the spotlight. But then again that’s how I learn so I probably annoy people too 😂
@@crystal_2020 absolutely. He recaps, otherwise it would be a monologue. Tom hasn't got an inflated ego which makes him very endearing.
Your doing great tom making sure everyone understands Stevedre is a fool
One of the most articulate people in the btc space, thanks for having him. Great contribution to educating about the system and the alternatives we have to get out of it!. Hard money!
BITCOIN isn't money, it's a volatile store of value.
If Stable coins were backed!
PulseChain will have much better designed Stable coins coming.
So true.. he's more on point than anybody right now.
His predictions are way off tho he said 12.000.000$ btc in 2030 that is absurd
I'd say he's right on. 12 bucks may be a bit high tho.@@DreamyDropsOfficial
The most illuminating podcast on You Tube, ever. Here are my takes on these questions:
"Are rich people evil"? SOME.
"Why are people so upset"? BECAUSE THEY ARE SICK AND TIRED OF THEIR ELECTED "LEADERS" TOTAL LACK OF TRANSPARENCY AND OUTRIGHT LIES.
Breedlove identified the entire question with these three factors, *Taxes, Inflation, and Central Banksters.* They are the problem.
Usary
@@1treehill149 Yep - and counterfeiting (fiat).
I definitely think he is right. I keep telling people the financial circumstances are why people aren’t having kids or getting married anymore. It’s too stressful for the average person in these conditions. It’s actually not fascinating at all it’s a given. Any neighborhood with poverty automatically has higher crime.
Same crap happened during the great depression. Marriage rates went way down, and when things started to stabilize they immediately picked back up.
Difference is that there seems to be no hope on the horizon this time around, even if it is no where near as bad. We are going to have a long term period of people not having enough kids, so I guess we will see what happens.
"I keep telling people the financial circumstances are why people aren’t having kids or getting married anymore." The data shows the exact opposite. The poorest strata of the population have the most children. And this is a problem itself.
@@someone-ji2zb the only stat not as bad is unemployment
@@celuler22 True, though I do believe the unemployment rate right now is far higher than they are making it out to be. The current stats are counting multiple jobs worked by the same person, so while that wont skew it massively, they are skewing it to look better than it actually is.
Hi, if you can please time stamp your videos, that would be very helpful and appreciated. Thank you.
Awesome guest, totally agree that the taxes/money printing is theft.
Thanks for such deep and philosophical talks.
Kudos, guys
And funding war
I'd love to see him debate Richard Heart
Well Said
There is potential for considerable wealth increase with the correct strategy. I want to know; How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $500k over time?
A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.
That’s impressive, have you always had a financial advisor?
She's a real brain surgeon alright
This whole thread is a scam made by bots
"When money is losing value over time we are all incentivized to short-term thinking."
That's a great quote. I don't share that many of Breedlove's views but that's a really good point.
I don't usually comment but this was a FANTASTICALLY enlightening convo. Kudos to both these guys 🙌🙌🙌
Thank you for having Breedlove on here again! Others might get annoyed at the repetition but I find these discussions carrying their weight in “gold,” pun intended.
The finance videos are literally helping me out of hole, thanks to you bringing the best of the best on here.
It's another repost, it's honestly super annoying that he does this
@@ThePredatherion it's more than annoying, it's dishonest.
I was also afraid of repetition but its an important topic. And he said something I never considered at 17:00
Why is a reposting dishonest? Are you paying for it? You are free to not listen.
@@kerenevanson3307 Yes, we all are, that's how ad revenue models work. And even if we weren't, it would still be dishonest to present something old as new.
Based on what he is saying, why would the government ever recognize BITCOIN as currency if the government is unable to manipulate it?
tax it
The government is not who dictates " money" it is the people who give value/ worth to objects, time, skills, ectera . We are the ones to do that . We have outsourced that ability to the government. That is what has made you a slave. We all let them dictate what things are worth ,and how much of our time and life force they will take from us by way of taxing our existence. Remember you are trading your time energy and physical body for slips of green dyed paper . And the government takes the first 4 to 6 months of that paper in taxes ovrr the course of 12 months .
But they can
But they can. It isn't a true crypto. But buy the tulip, uh I mean bitcoin.
Game theory. Their choice in the matter will be removed from them. People move to BTC because Fiat is inflating and losing value. Those individuals who put their money in BTC win, so others follow suit. Then the companies do it, then the institutions, then the Governments. This is already happening. Everyone stuck in Fiat is losing money, every individual, company and country moving to BTC wins. In the end everyone has to join BTC, or they will get progressively poorer and weaker.
Great guest Tom. The discussion has me considering trading some of my useless fiat currency for Bitcoin.
I have one problem. He said, "Bitcoin is the most certain form of money we've ever had"
This is only a statement that can be made with the fullness of time.
If you are interested in Bitcoin, I would recommend checking Monero too (not a shitcoin).
Didn’t need time to realize steel was better than wood. I understand only time will tell it’s value but the fact of its use case is true regardless of time. People are going to be holding Bitcoin still even if it goes to zero. It’s not just money but a representation of our property rights and civil rights. That’s why it will always have value. Price is just another number when you think about what it can really do for humanity. With all this said, I agree only time will tell
Would really love some TIMESTAMPS, please!!
Yes, especially for 3 hours and 39 min!?? 😂
This will be seen and viewed as an extremely important conversation for Humankind in the near future. This is a paradigm shift of epic proportions because almost everything is related to commerce, money or some form of value exchange 💱. Robert Breedlove's Level of Genius is astonishing. He's right on the 'Money'
He's close but he's not knowledgeable on crypto
@@michaellamont2605 You must be with a comment like that! Do you have a channel or a site?
@@quantum_man I can Recommend Richard Heart for a deep dive into crypto, but he's eco system has created many AMAZING products like Liquid Loans.
To replace these corrupt systems will take participation from the wider public, but the early mover advantage is mind blowing, even after the life changing gains comes a stabilized economy.
Nice to see Natural Law still being discussed in this world of confusion. 🏆🌎
"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented."
-Sir Josiah Stamp, former Bank president
Tom, the way you phrase the question about rich people being inherently evil, even referencing your own experience, was asked from the view of the ride up. We have exhausted the adrenals of credit to grow the economy at the expense of new entrants to the economy. There is no incentive for the common worker anymore. If we want to play the system, as you say you did, we could. But the willingness to burn yourself to play the system diminishes as returns wane. We are at that inflection point where the work to get to “passive income empires” is not worth the work to most people. We cannot all be passive income emperors. No one does any real work in that scenario.
Have been thinking this way for a long time. I absolutely agree with 99 percent of this. Amazing interview. This needs to be heard and understood worldwide
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson
@@jemal99 Not word for word, but with the same intention. This government has broken so many laws through the federal reserve its treasonous!!! I sadly believe the ultimate fix to this mess will be THE PEOPLE revolting against this corrupt government!!! They do not want to awaken that sleeping Giant!!!
The problem is not private banks. The problem is central banking and legal tender laws.
@@sebastiansirvas1530 well also the fractional reserve portion of it is a problem. The more loans that are made is the more money that's put in the circulation which causes inflation
@@JohnDaniels Exactly!
Yep
If one person holds all the BTC it would be self destruction, there is no game if you have all the BTC. Great convo Tom and Robert!
Yet again! You've made my access to social platforms (technology) worthwhile. The value of info outweighs the length of the video. Thanks!
RECORDED 2021????? Can we update this interview?
I feel a bit duped. I started listening as I thought it was a new interview but it’s a recycled video.
What is there to update. Nothing has changed. Bottom line is, immoral people fuck moral people over. And the world falls apart because of it. But those immoral people don’t care because their motto is, I won’t be alive to see the destruction I caused.
There you are up to date
I just love how this guys try so hard not to prove that immoral people have been using, lying, cheating and enslaving good honest people since the beginning of time.
@@jimboyuk1and since 2021 Feb. the BTC has lost 30%, like Tom would say: “Interesting”
It doesn't say 2021
I have listened to Saylor and other guests Tom has had in the past and was not fully convinced until listening to this episode. The sleep has been removed from my eyes; I was blind but now I see. From my perspective this might be one of the most influential discussions I have heard on BTC. Thanks Tom for asking questions I had. BTC needs to be 'antifragile' so to speak.
Living in what might be considered the exact opposite modality is more "fruitful" to the expansion of all life over time and space. Ownership is a legal fallacy because it requires a legal system to prove. Possession on the other hand is empirically recognized based upon proximity and exclusivity at any given moment. The belief that a tiny, short-lived creature residing on a 4.5 billion year old rock hurling through vast time and space "owns" a piece of it is beyond reason when viewed from the macro. It's akin to a flea claiming it "owns" the dog upon which it feeds. Although I absolutely agree with Robert regarding the ills of government and the centralized creation of artificial value (money), I don't come to the same conclusions or narratives, though I once did.
The generalists/polymaths attempt to understand the connectedness of all things through the study of multiple disciplines such as geology, anatomy, physiology, biology, psychology, ecology, technology, chemistry, history, astronomy and many other disciplines that end in the letter y. (Sorry about the dad humor). Although depth of knowledge is critical to greater understanding, it is breadth of knowledge which can make corrections to the common ailment known as binocular vision that skews the proverbial vision of so many specialists.
He’s absolutely correct, we did create the individual, and the individual ideologies and perceptions are what cause such a crazy dynamic in our system.
Deep stuff.
I recall that Germany asked to have it's gold returned, and thus became a problem. US had not got the gold to return to all of the countries. Things got so bad that China eventually refused to buy US debt.
Back then it was France not Germany. Germany just recently asked to have its' gold returned from fhe UK and France but still not from the US.
@@andyfjk4331 About a decade ago Germany requested the return of its gold but mainstream media remained silent. I recall knowing it and realising the dollar was worthless paper. You are most likely right that France was first country to be acknowledged to do so by mainstream media. I hope l have my facts as very late here in Ireland 🇮🇪🙏
@@andyfjk4331Exactly. And I guess it was the same time the French called out the US for having an "exorbitant privilege" at the expense of its trading partners.
Due to the fact that crypto currency (bitcoin) is digital… doesn’t the non-physicality of the currency have its own set of potential risks?
What happens if our global power grid were to be disrupted for whatever reason that resulted in us going back to the pre digital era? How useful would cryptocurrency be if no one had access to the technology required to facilitate transactions? Wouldn’t it be prudent to hold a reserve in something that has the same characteristics as well ( ie: Gold)?
A very unlikely scenario but not impossible. When Satoshi mined the 1st block with Hal Finney there was two people running the bitcoin network on probably two PCs. Now there are millions of miners and 10s of thousands of nodes. Hash rate keeps on increasing as well. So these numbers keep going up. A lot of miners also use isolated energy sources because they are isolated and have no other use, think hydroelectric dams in once industrial zones, methane flaring in oil fields (which also reduces greenhouse gas emissions), nat gas production from animal waste, etc.
With other options like starlink the robustness of bitcoin just keeps getting better
To your last question - indeed, if you feel theres that big of risk then theres nothing wrong at all with having a bit of gold and being fully hedged.
@@pmc9194 gold is good too. If the grid went down gold and bitcoin would be worthless because most people would be hungry within a week. There is a more likely scenario where gold and bitcoin do extremely well in the next years, decades, as the dollar continues to be printed.
@@nchlspro Agreed (and my original comment was to OP). To be honest, gold seems to be touted as the more extreme "Doomsday" scenario hedge, whereas Bitcoin looks aimed to address imminent issues with the monetary system.
But regarding "most people" dying within a week in a blackout, I think just the act of discussing hedging options today in itself propably puts one out of the "most people" category.
I don't think anyone goes deep enough. In a doomsday scenario, no trading of currency, Bitcoin included, and having gold as a hedge would be worthless. You can't securely store it. You can't carry it around (do you know how heavy bars of gold are?). Who's gonna weigh it to make sure they're not being cheated in trade? (Who determines how much an asset such as food, animals, clothing, weapons is worth in a post apocalyptic world?) You'll spend your whole time trying to defend it from invaders and marauders instead of focusing on squirting the necessary skills it would take to survive like agriculture, hunting, etc.
People will always find something to establish wealth and their status in a society because there will always be someone who wants something for nothing, which is not natural as this guest would like you to believe. Most indigenous societies believed in fair trade, which is how Europeans got over on all of them (Western, African, Australian and Asian). Now getting something for less (not nothing) is completely natural.
I've always liked listening to Robert, his insights and thinking are brilliant, I learnt a lot from him.
Listened to this twice. And will probably do a third time. Fabulous content. Deep.
He's got some great points but his crypto knowledge is lacking.
I think he'd benefit to have a chat with Richard Heart
Sigh.. I have to listen to another looong conversation between you two, always amazing. Your only guest I listen to on normal speed
whoa, from about 0:40 to 01:04, this dude took me on a trip. 🤯🤯
I have most of my assets in real estate followed by equities. I have always considered bitcoin outside of my risk tolerance. But after this conversation I immediately added some to my portfolio lol. Will probably continue to dollar cost average into it along with everything else.
I think this guy is really smart, however one thing the Central Bank haters never tell us is that the Profits of Central Banks are returned to the US Government. /The Us Gov charters the bank, allows it to exist and the profit is returned. And it’s like a farmer’s Co-op, member banks (your local bank) are the owners.
an we are the cattle
So basically it's just another form of tax on anyone holding cash and rewards those who take on debt.
Crypto exchanges will be the new banks when fiat collapses
No it seems much more like the banks own the government than the opposite
@@badnomad357 I think it's a symbiotic Parasitical relationship
Excellent analysis, depressing conclusion. I feel completely burned by government taxation, inflation, monetary manipulation, and the uselessness they have generated.in my life. It prompts me to desire death, where peace exists.
The government does not own beauty. They do not own music, joy, friends, sunsets, etc. When I was afraid my week old baby would die from pneumonia (she was born 4 months early), the ocean gave me comfort. I thought to myself, no matter how bad life gets, this ocean will be here. Nothing can ever take this beauty away. Yes, it does make one feel powerless to realize how badly we are manipulated and at the mercy of power yet there is escape from that in the beauty of life. The way we love our friends, our family. The gift that comes from learning a hard skill like playing an instrument, a language, or baking. I hope you can find joy in those things too:)
@@075672820 What a great freaking answer!
All the best to you and your family ❤
So much love and beauty please always remember and don't get disheartened ❤
Bitcoin + Lightning solves this; don't be sad.
Go to sleep then 😊
It is even like: my house was $500k, and the salary (wage) was $100k, and lunch was $6. Now the gov't prints money, and the house is now $1.5M, the salary is $300k (or probably 250k), and lunch is $18. So everything really stayed the same, but when you sell the house, the gov't says you have gained $1.0M and tax you every penny of it. Isn't it like gov't betraying people
Taxes should be reduced as inflation increases to keep things equal.
WOW! Lots of good nuggets here. 😱 Thanks very much for breaking this down. My mind has been blown. I'll have to listen to this episode a couple more times to effectively digest this feast.
Rober Breedlove is the BIG BRAIN.
Great episode. I'm not sure about this whole individualism started with Jesus, because the greek philosophers had a say in this, also Roman law brought a lot of individual rights and property law. But it's always interesting to hear new ideas and I will certainly check out the recommended books. Btw. don't make Bitcoin your God. Just don't. It is great and I hope it ends traditional banking and politics. But just don't make it the golden calf. This is idolatry and absolutely unhealthy
I live in canada and this government is acting completely desperate. They've hired thousands of additional revenue agency staff to conduct tens of thousands of audits on innocent people that costs us thousands of dollars in accounting fees to constantly be coming up with all these demands they are continually placing on us. They've audited four different accounts in my company in the last 1.5 years and have never assessed addition monies owed. When does this end? It's ridiculous.
Great episode topic and guest. Looking forward to listening/watching on my next road trip.
That was fascinating, thanks gents. I need to find all the books mentioned now!😀
So very valuable! Grateful for these two for making an awesome video that not only makes you think, but makes the world of money easier to understand. love to both of you Robert and Tom!
I just started watching and when listening to you, not your guest, it amazes me how people have no idea, none, about money, our economic and banking system, and the idea that dollars have any relationship to wealth. In one sentence I can tell you the most important lesson about the greenback. This is hard to hear so make sure you're seated...MONEY IS DEBT. The definition, principle and realization tells you one thing immediately and that is that everything connected to money has only one outcome...FAILURE. These systems were set up by those with familiar names who came from European banking families in which only benefits them and no one else. The dollar is completely worthless compared to what it's value was before those in charge used the great depression to form the central bank and federal reserve.
What a beautiful soul this man has. Wow. His thoughtfulness blows me away.
For 2 decades I thought my life economics degree was worth less than an arts degree. I was so very wrong 😂, Robert beautiful points, I would have loved to see you expanding into barter system also. When we talked about what you should invest into in the uncertain future for most people that should be food, shelter and paying bills. When we get to higher levels anything that is a necessity ( the is why Bill Gates is buying farms)
Taking care of people is real work
Just protecting is difficult.
Tyranny is the human default
People that need to be taken care of should not be born into this world system
I love thar Mr. Bilyeu takes his time to create a circumspect introduction. These podcasts are very paced and on-track. I appreciate the redirection when topics go tangential, not because I don't love tangents, but because I too forget what was originally being discussed. He's like a moderating interviewer that sets up talking points so the speaker can really show off and share their hard-earned experience. The topics are so interesting! Thank you, everyone.
I agree. I go on tangents as I try to digest, in a personal way, what I hear. So I have to catch up with the conversation.
History has shown that as long as we have two groups such as haves and have nots. Because overtime the have nots have organized and taken over. We need governments THAT protect property rights. The key is to monitor governments to really do the will of the people.
Now that you two guys have it worked out, what do you suggest be done for people over age 50, and who have no family, who are partly disabled or who have had some hard, unjust knocks in their later years?
Good luck, life's not fair😮
Maintain your health and count all your blessings. Money is “transitory”
he lost me at diamonds are scarce lol
Every women has three at least
Breedlove is smart. He knows his stuff and can articulate it to others. That's why I like him a lot.
Hi, Robert Breedlove! You mentioned Jordan Peterson as a "great lecturer", which he happens to be, but When you learn about Olavo de Carvalho, man... you will realize how much you still have to learn! You are on the right track, congrats! (Philosopher)
What a deep and meaningful conversation which is timely appropriate at such chaos of global emonomy💰 🌏💵💴
Thanks Tom for doing a great job of asking the right questions 😊
The question of freewill, true consciousness...does put the economic concersation in a different perspective that I find increasingly relevant to my personal choices.
Great and thought provoking discourse - content and relevancy wise - ip to the mark : Money Five key properties pertaining to Exchange of Goods and Services
1.Divisibility
2. Durability
3.Recognisability
4. Portability
5.Scarcity
All above explained with clarity and easy simple example --!!
right. thats why bitcoin cant work
Government BENEFITS by inflation because taxes are, for the most part, based on the VALUE of goods & services. So if your wages go up to compensate for inflation, you end up paying more tax (and probably in a higher tax bracket too!) Your house value goes up, hence more tax for government.
Kind of like double taxation. Supply and demand and then inflation
Love this. When was this recorded?? Breedlove says 2021… time warp?
Robert forgot to explain one reason why deflation and saving encourages innovation, as opposed to Keynesian inflation and consumption, is because investing requires investors.
People who saved have capital to invest in innovation.
Yes, get out of the market when it’s going down…….
Put it on the side, when it goes back up re-purchase!
Awesomely thought provoking.👍👍👍👍
Great interview!! Thank you
3 people have completely changed the way i see the world 1. Jordan Peterson 2. Peter Zaihan and now Robert Breedlove
Why would there be a lot of sellers if they bought their homes with a 3% interest rate? Where would these sellers move to when rates are now 6%?
Makes you rethink... everything. Great Content and much appreciated.
Free Will is measured by how much your personal knowledge out passes your view of reality.
interesting
Robert Breedlove: Many fascinating and thought-provoking comments.
Tom Bilyeu: I'm so rich you wouldn't believe it.
so grateful to both of you guys!
I don't know what this guy's name is but he reminds me of superman genuine superhero vibes 💪
Robert Breedlove. www.youtube.com/@RobertBreedlove22
Some of what he says is wrong though, do your own research don't just believe what you're told.
@@elmateo77 thanks 👍
@@elmateo77 Good advice to do own research, but curious what parts are wrong?
Robert Breedlove.
TOM! Please get Jeff Booth on your podcast. With Jack Mallers I think they are the best to orange pill our fellow human being and get us out of the inflation theft
Yes, please!!!
20:55 if it pays a dividend, it is NO DIFFERENT than if it pays no dividend. You own a share of the company. Therefore, you own a share of the earnings. The earnings between now and the end of time, discounted to the present, is the value of the company. Your share is worth value of the company / number of shares. This is identical, regardless of whether you get paid dividends. In fact, not-dividend-paying strictly dominates dividend-paying, because you often have to pay taxes on dividends, but you never have to pay taxes on not-dividends, and you still have access to liquidity whenever you want it in the form of EXTREMELY low-interest loans. Rich people don't hold meaningful money OUTSIDE stocks. Rich people pledge stocks to get asset loans in the .5% to 1.5% interest rate range. And they keep the stocks, which continue appreciating at something like 7% annually, depending how you measure.
He's outstanding at explaining stuff I know but wasn't exactly sure of how it worked , thank you for this - great work you do 🙏
Yes, a very gifted man!
The theft of property is a constant human behavior.
We work for years to have , $1million while some people I know put thousand of dollars in some meme coins and they are millionaires.
How? I know it's possible, I would appreciate if you show me how to go about it
I always wanted to trade crypto for a long time but the volatility in the price has been very confusing to me although I have watched many TH-cam videos about it but I still find it hard to understand.
@@tanjac.thomas5506 .First understanding the financial markets and how it works then you need to know how to study the market chart. That's all you stand to when you start trade with a Mentor
All you have to do as a beginner to make good profit in cryptocurrency is trade with a professional trader who Will always notify when to BUY/SELL else you make losses.
Crypto is bringing a different revolution in the world of economy, people who are optimistic investor's earn consistently..others just sit and watch
@robertbreedlove22 I recently got the book "The Creature from Jekkyl Island" and it's opened my eyes to a whole new world. And now I hear you mention another book I hadn't heard of prior "Inventing the Individual." Would you mind sharing a few other favorites of yours that perhaps many of us didn't have on our radar? I so appreciate it!
The cap on bitcoin is a myth. It's a consensus. One person cannot agree to create more but a consensus of a small amount of people absolutely can agree to.
The most powerful quote of this century. "Inflation is legallized counterfeiting, counterfeiting is illegal inflation. 24:29
🔥 I told people al about bitcoin since bearmarket 2019. It’s not to late ⏰
Buy DCA and let yourself surprise the 2024 halving 😎
I'm totally new to it, but with rise of AI, is it possible that someone in near future is able to subvert, disrupt or even destroy bitcoin using means we, at this point, cannot even think of?
Excellent discussion!!!!!!!!!
Great discussion! However, regarding bitcoin, sure, it’s just great until we have an EMP strike or other internet interference and can’t get to our bitcoin. I have never seen the response to this con.
There are many issues with bitcoin, another one being that there's no way to roll back unauthorized transactions. The blockchain system itself may be secure (at least until someone invents a quantum computer than can do hashing very quickly) but people's individual devices still get hacked all the time. If somebody gets your bank password and sends all your money to their account, your bank can work with theirs to reverse it. But with crypto once it's gone it's gone.
An EMP would take out the global financial system; so yes, if we go back to stone age it's a problem, but it doesn't make sense to not adapt something just because that is possible. If that happens the internet is out too; your fiat dollars in the bank won't work, you can't get gas, can't buy groceries, go to work/school etc. Most people don't have cash, we're back to stone age age barter systems very quickly. Possible, but not probable. It would be like saying I'm not going to use email because sometime there could be an EMP. Unless you're 100% in cash /gold already; your money is already digital.
It depends on the nodes, if they're decentralized enough!
BTC has most miners very centralized
HEX and PulseChain will solve this
Proof of stake, ETH copied HEX.
In the event of an EMP, I could take my keys and move
If MAD energy takes off, they're working on decentralized internet
@@elmateo77 That's the case with any bearer asset, such as cash and gold too. It's also one of the benefits. No one can take back the money they rightly owed you by conning the system.
A classic!
Listened again.
Breedlove at his prime
I agree with everything. I see you have a blind spot. USD is a reserve currency in some 200 countries, which means when you turn on your printing press you are exporting inflation and not taking on the full hit of it. To protect that status and lifestyle you need to have wars and spending. Also it is a privilege to be on that "island" of NA. This cannot be translated to other countries.
What he said about us inventing the individual is spot on near min 55
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Katherine Flores.
I'm surprised you know her. I've been making a lot of profits investing with her for a few months now.
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
FLORES11💯
@@pharrellosullivan8688 Thank you
Don't worry, the WEF will make sure- WE ALL OWN NOTHING, AND WE WILL BE HAPPY.-
THIS INCLUDES THE WEALTHY .
The WEF are on the board of ETHEREUM now.
Bring on PulseChain I saw
Screw the WEF
No WE will own nothing but THEY will own everything. And THEY will be very happy.
@@badnomad357 I've owned NOTHING for years.
Definitely not helpful 😕
The WEF want me to own LESS!?🤷♂️
Question for Mr Breedlove: Everything you say is true of btc, in its own universe. What if there were more than one btc system--or, the same question, what makes the btc a unique economic universe?
It operates independently of governmental control, said another way, governments can ban it's use but humans can say go screw to the government and use it outside of government oversight... same is true with say physical gold but gold is much much harder to hide when it's changing hands
It's weird him talking about Andrew Jackson (slave owner) as a humanitarian thinker, and that Europeans weren't necessarily nefarious, when they absolutely were - colonization cannot be realized without being nefarious. The "usurpation of African wealth by European explorers" is how they intentionally destabilized African nations. It must be wonderful to think of history in terms of colonization, genocide and slavery, as not being terrorism (or to not think about those things at all). And to see the founding father's' as heroes instead of land/resource thieving, murderous, human trafficking, people owners. He said the human force of wanting something for nothing is immoral - yeah, ya think? Slavery was literally Europeans getting something for nothing for centuries. He can describe life, liberty, and property, acknowledge that it's slavery to take 100% of someone's work, but still say Andrew Jackson is one of his heroes? As though he and his ilk weren't violating the life, liberty, property and all around human rights of Indigenous and African people. How can he not see the hypocrisy? I know how - he doesn't see non-whites as humans.