for many people, new to the big point space. so the 50 percent crash is as normal as something to be expected. what should people do? have discussed how the strategy, the solution to spend a chance to panic, selling to foam owing in the 1st thing to appreciate that because i've been in a 12 year bull market since inception, and there's been lots of crashes and corrections and all sorts of things in between but the longer the trend is 12 year bull market. so once you appreciate that, but people join at different phases and every phase people always come in when they need to this with a fear that they bought the top, they were the last idiot. the bought the top, everybody is getting out and that they bought it this enough fear really owns the person that hasn't really developed the diamond hands. yes. so really it's a game of both psychology and strategies. so i could share with you. well, the strategy we've adopted in order to get through these bull marcus,

but unless you get the psychology right, you just won't be able to implement. and the psychology is that when we're in the bull market, you know, you're, you're in between thinking and big point thinking is about understanding the supply and demand. dynamics of coin between thinking is, is 21000000. that's never going to be any more. it's people can never money as people can spend their money it. so everybody needs bitcoin to come by this melting ice cube and come back to inflation and everything's good and the price is going up and you're seeing your health paper wealth increase. you thought planning this wealth of fact, you saw in feeling more intelligent than everybody that was telling us a scam. it's a bond game is the current drug test. lenny it is in can j. p. morgan the, the apple needs at microsoft needs. if i'm in the whole world and you're, you're on cloud 9, but once it hits into the back market and we get these corrections, you're in a reptilian field thinking comes out and in fear,

thinking it's all about taking on more data in order to drive more consumption in big point thinking, it's all about savings in order to drive a wealth of facts so that you can then become an investor with your newly found wealth in fear, thinking it's all about scarcity. it's about knowing that your money's going down in value, and then you start thinking in terms of converting your bitcoin to fit so that you can preserve the mental wealth and paper wealth. and you saw thinking that peter chef was right. you know, the last idiot bought it, but the only way to combat that is to look back, take out the chart, understand that we're in a 12 year ball market and we get these corrections which are mainly crated by the 10 percent of inside as that is trying to take the 90 percent, a traders that were in trying to just get in for a get rich quick scheme and take that beer coin so they can accumulate them. max stacy and simon dexter altogether, the 1st big coin conference in prague back in 2011. we've seen 15 these kind of

pull backs since then. and every single rally has a big name and every single drop down as a big name, they undergo what i call big point arrangement syndrome. that we had a big rally coming in on michael sailors purchase over there micro strategy. and now in the pull back, the peter sheriff has been replaced by a new high profile naysayer. and now would be not seem to lab who also seems to be delving into big coin arrangement syndrome. i think you're the one who pointed out that as the big coin price goes higher, we attract the higher class of big coin, deranged people. so clearly not theme as a higher class and peter ship, he's got more books out there. he's considered to be more of a serious person, but now he's gone crazy. he's fallen into the trap. what is it about some people that not only do they fear the pull back, but they actually go insane?

like an i seem to laugh. they're just scared of the fact that they may be know, have full conviction. they don't, they didn't believe that they could go up to that. they don't fully believe in the supply demand economics until they've been for i'm so they look to other people. they look to other experts, you know, and, and somebody that's actually driving forward electricity talking about the inefficiency. a bit coin seems like a very credible argument. and a reason to actually think, well this time is different. big coins no longer in that 12 year bull market. it doesn't reach high a high is again, i'll stop by this time is different thinking is really what's driving people. i'm not in a fear of everyone around them because we're doing the thing that was so impossible to achieve the thought of creating a financial system outside of the financial system. the thought of actually being able to create something, the combat this unfixable financial system. you know,

it brings in that in a fear that it was crazy all along and it was never going to happen. but between time and time again, punishes the people that do that. as they end up giving those big coins to those with the diamond hands in the end. so you just saw that we have an unfixable monetary system at the moment and a banking system. let's address that. and also, when you're talking about the correction, big quaint has often been compared to the internet, the early internet and tcp ip was always there, then w, w. w was built on top of it, people could use netscape browsers, surf the web, and we had the dot com, 1.0. boom. then now we have dot com to point now and. but finally it took like 20 years, right to get to the old. all time hi, like it are we having the same sort of growth as the internet? and is this

a new paradigm like the internet was in terms of all your models are broken, we can compare bitcoin in terms of just purely looking at the charles to something like amazon, if you want amazon and has 90 percent market corrections. but there was amazon, the thought that nobody should a sold just like big coin is the financial hedge. that nobody should be selling unless you haven't done a few things. and one of those is many people because big coin is also a unit of account, a medium of exchange. if it chooses to be because you can spend it, people actually don't make that separation between best spending money and savings . so when you're thinking about your spending money, you're thinking about what the can buy and so the volatility is really bad when you're, you're good to priced him something your mortgage is priced and one thing, one currency. and you're trying to buy it with another car and see and you see that deplete away. so one of the 1st things to learn there is, is the separation. you wouldn't use your, you know,

amazon stalk in order to make purchases, but we're going to can, so it's, it's a very unique cost, the cost in that sense. and so therefore you have to use slightly different strategies, but yeah, big coin being a protocol. and you know, a hedge against a monetary system, the actually, i talk about unfixable, but there is a solution to the existing financial system. and that's a flow removal from capitalism, socialism to communism and using send for buying digital currencies of the mechanism to roll over this over laboratory hypothesis did a ponzi scheme scams in order to try and keep the system alive a bit longer. but the solution means the removal of your, your privacy rights and freedoms, which also drives the use case a bit going because it just happens that an existing the, the financial system that exist outside the financial system is also say the same system that gives you back some of those rights and takes away censorship of

financial transactions, gives you the ability to own and gives you a countered system to send for by digital currencies and fears that ever growing and supply. you bring up the central bank digital currencies and you put it in the political context of a transition away from a free market capitalism. toward a more socialistic or communist type model, which of course would mean centralization and the powers that be are panicking into a centralized banking system even more so using the central bank digital currencies. i think you're one of the very 1st to talk about this and then you mentioned, and this is about happening, how the banks get bypassed and the digital currency from the central banks or be handed out directly in the form we could call it i m f or universal basic income,

but essentially you're describing this not as the savior, but as a centrally as slippery i guess you could call the road to serfdom. as, as the book indicates, this is the road to serfdom, simon, central bank to just currencies. the mechanism for fixing the financial system by taking out you know, fractional reserve banking, which is as people learn eradication about money, they sought to eliza bangs, trade money, and it's all bought by dad and approximately 97 percent of the money supply. as a digital currency, which is a digital representation of the cash and coins created by the government dollars or your is or pounds. i'm central bank digital currencies is a mechanism for removing bags from money gratian. so at the moment when you take out a loan, a new digital currency, or new units of that digital currency is crated by some dollar digital dollar

deposits in your bank account. and it's backed by dad. but because that, that is so now over leveraged, the solution to that is a movement towards centralization, where you can let the buying go boss. but you just issue the digital currency directly from the central bank. and you allow financial technology companies and banks to build on top of the central bank digital currencies. while it is a d leveraging and it is a solution, it comes with the removal of free market. capitalism comes with the removal of all those. those things. that's a one, a currency that's in these ones that removed from governments being graded. and it moves us towards an algorithmic artificial intelligence lead complete the centralized central bank, digital currency. that is used to enforce government agendas, fiscal agendas. if you know spending your money in the correct way, then there will be, you know, algorithmic penalties on that that will be automated tax collection. it will be

multiple governments that are all looking to get that piece of digital transactions, acquiring and multiple jurisdictions. it will be connecting your passport to your central bank digital currency. the gateway drug is free money, helicopter money universal basic income, the remove, replacing your deposit. so the bank, when a bank is going in solvent or boss, and you have to opt in to the removal of your rights, that would be connected to your possible if you haven't got the right things. and this is where the money is going. this is the ultimate goal. this is the warren cash. this is the removal of banks from money creation. this is the ultimate form of centralization and control through central bank digital currency. wow, that's a mouthful. hot heavy, we've got to take a break and call down. we'll be right back with simon dixon from bank to the future on summer solutions with maxima, stacy don't go away. the me,

i don't know. i mean, there are some steps in there were rescuing the food that they were not scavenging or were rescuing resources that are still good. this is best buy march 21st, which is in 2 days. all these potatoes, holla, pianos, onions, all of these came from waste brown sources. this is great for me because i'm always looking for a way to give things away. dr. because the tax laws, you know, definitely do benefit the wealthier people and our society. so that makes sense for them to throw it out right off, rather than give it to somebody who could use it. and then that person is not going to buy it. who want to make sure, you know, board is and the blind piece is

emerged. we don't have authority, we don't actually, the whole world needs to take action and be ready. people are judge governors crisis. and we can do better. we should be better. everyone is contributing each in their own way. we to know that this crisis will not go on forever. the challenge is to response has been massive. so many good people are helping us. it makes us feel very proud that we are together in the my local bank and obviously wanted to know i'm in johnny doug yet

because we're not going to the, the up in the kitchen. you can reach out to me on my don't get a get we'll put it on the show and wait for the meeting id. really lucky then this is me. god. to bye bye little bye. now. bye. and then you guys mean i lot why or why not?

the me welcome back to the kaiser report. i mass graduate stacy herbert were talking to simon dixon, the bank to the future. talking about how not to get shaken out of these pullback and bitcoin, 820-0000 coins were shaken out of some of the newbies and are in the pockets in the wallets of the long term holders. and this always happens at these inflection point . but time and you talked about the psychology, let's talk about strategy. how should people approach this, you know, haven't been through all of these different markets. i've been through the $30.00 to $3.00 crash, the $1250.00 to $250.00 crash. the $20000.00 to $3000.00 crash, and now the 65230000 or wherever i go. next, crash. i've noticed that you can normalize and try and if you can get the psychology, right? as i said,

you won't get the strategy right. if you haven't got the psychology right, because you'll just be shaken out and you'll listen to all the people that were telling you that you are an idiot all along for buying bitcoin. but there's ways you can normalize days for turns, and one is just a simple dollar cost averaging when your dollar cost averaging. if the markets are always going up, then you are always buying a higher prices, which is good for your paper wealth, but it's bad strategy because then you should have just gone for a lump sum. so if you're a dollar cost averaging and you're just simply buying every month, then my bad markets are a great thing. you want the market to go down, you want those corrections, and you want to be one of those people that's accumulating out of the people that haven't got the diamond hand, say, dollar cost averaging is one strategy. another strategy is long with high risk, high return investing. so the companies that make all the money during these bad market, all crypto exchanges. so the big coin exchanges. if you are a shareholder in big point exchanges call and sell those based upon the whims

because of the liquidity, you have to be a long term holder. but owning equity in exchanges means you can just not do all of the crazy thing that everybody does. because the exchanges make all the money, whatever's happening in crypto. whether it's the latest crazy trend in d fi or n f t 's or whatever it is, rather than you messing with all that stuff, leave it to the exchanges become a shareholder in the exchanges. and then you can just benefit when the market crashing, they make the most amount of money where markets the crashing markets are doing well. it's sideways markets where they do the so well. i'm the 3rd is taking some of your coin i'm getting yields, which you can get. it's not something that you should do with all your big coin because the ability to and you're in big coin as a fundamental principle. but one strategy i've used is having a bit, a stable coin loans because you can get above even the manipulated cpi interest rates that you get in the traditional fear world. so having a small percentage,

putting it in stable coin lines and taken advantage of some of the yields that you can get from people looking to buy those coins. and then you make all the money at the expense of all the traders, the 90 percent of people that are losing money to the 10 percent of insiders. so when you can normalize a bit more, it's really great when he's bad markets. com. you get very excited about them and as long as you remember that you're in that 12 year bull market with corrections calling over to give financial advice, the past doesn't equal the future. but these are some strategies to help me get through some of these, these, these rides and bam, all kits and crashes. you mentioned cpi, you mentioned strategies. what do you think the strategy is behind the biden administration, or any of these governments printing trillions of dollars is beyond just what the q e was from 2008 to 2021. we had quantitative easing for years. that was

about, you know, printing credit, this is actual cast stimulus being created. air jobs into people's pocketbooks into their balance sheets at their bank. we see the cpi numbers, even as you mentioned, the manipulated one soaring all over the world. like, what is the strategy here? what do you think? why or why is there 6 trillion dollar budget? the biggest since world war 2, despite stock markets at all time highs, despite us incomes at all time highs. like what is going on. you know, these are debt cycles, you know, where i think you said we're celebrating 50 years of the dollar, the $50.00, and these most fee currencies. i know the great british pound loss of about 300 years, but most of them on average are about 27 years. we're 50 years into the us dollar fear standard and the really the level of globalization and dominance of dollars

say, you know, approximately 70 percent of all reserves are held in dollars globally and 50 per acumen and counts for 50 percent of transactions. because gold and oil and so after class is a price in dollars. biden is just trying to keep hold of and recycle more of what they do. and the way to do that, as we are elated to is you accept the free market. capitalism is no longer an american ideal was no longer port part of the dollar. it's about having a larger and larger government with more interference. issuing currencies direct from central banks or governments, merging of treasury and the federal reserve, and making sure that they keep hold of the us dollar. and it's important bias by giving up on the experiments of free market. i'm so that's where i think it all goes now in miss bowwie could inflation comes along. what would they typically do?

while they were put up interest rates, they would look for deflation. but we're now in the government, including the trump administration. that just will no longer accept that. so markets are no longer allowed to crash. real estate markets are not allowed to correct themselves. i really say it's not allowed to be affordable. so the irony of the biden administration is the democratic principle of trying to create, you know, a more equitable call society through government larger and larger governments is it is actually ending up driving a rich poor, devoid where the rich get richer in nepal, poorer, you get pulled are more dependent upon that you get assets that in the labs crash and therefore the rich people are, you know, getting wealthier and wealthier with those assets. but the trade also, the wealthy need to make that is it is the removal of capitalism. it's a slow,

gradual movement to a larger government, a larger, more centrally planned, more socialism and the poor that are completely dependent upon debt slavery, demanding governments to do more demanding universe. so basic income. why? because they feel completely shafted by the system. they don't understand why they're on the wrong side of these. dat cycles. it feels just like a macro friend that feels like that governments latin down. so they just want a larger and larger governments, so the people are demanding it. and that is where we're shifting to, and it's all the symptom of, you know, this fear base, that base monetary system and the counter culture is an equity based system. the reward savers, which is big coin, a fixed supply. people trying to actually drive genuine wells. the fact being rewarded for saving and it's all because if your money goes down in value, the longer you hold it, then you're not going to hold it very long and you're going to be driven to that. that coin is the counter culture. back in the sixty's, when we had

a last major counterculture, people were burning their draft cars. and now people are burning for money as a rule in revolt, against what they see as an oppressive regime. you know, looking around the world, simon, it's a different story in different countries. so india, which is a country we were instrumental in bringing back coin to many years ago. they've been off again on again, looks like they're on again with big coin. china tries to ban bitcoin, but it's impossible. nigeria is becoming hyper big colonization. ethiopia is becoming almost hyper bitcoin is ation. bitcoin is global. where do you see from where you said some of the trends globally with bitcoin? yeah, the whole india, china thing has been, you know, a back and forth back and forth, back and forth. but really, it's just recycling the same news. say, you know, we saw that recently with the china bad was just essentially a reiteration. the i see a should be avoided and that leads into,

you know, certain officials from the government. i'm reiterating certain things. i've also been following the in the story for a very long time because the coin team were instrumental in getting the central bank in india to actually except that they won the case against us. and for bank of india that was trying to suppress it. but you know, these large populations of a, you know, 2 very important populations in terms of the global sphere i'm, there's been a back and forth all along, but it's just reef i think of the same knees. so the interesting thing is the punishment, the queen gifts to the countries of the di. this when china implemented exchange bad, they were trying to push the block chain a gender. it's kind of like the banks when they were trying to may be coin go away

. i'm off laughing at it, they just tried to popularize the whole block chain, good coin, bad. i'm still today. i think it was just a now. so microsoft, us just shut down their block chain division. they're no longer supporting the banks, author extracting as a load of money in order to support their block chain. good, big coin, bad agenda. i'm the financial systems just adapting to be coin and ara crating between frame the banks and all sorts of stuff is gradually happening. so just like with the banks and also punishes countries. so, i envisage a game, a chicken where, you know, i've always been advising governments to advocate some of their electricity towards mining bitcoin. as an hedge said that when the time is right, they can announce that they're also holding it as part of their reserve assets. so that they can benefit from the, the effect that what actually happened. now it just so happens that many of the

sanction countries are starting to look at those strategies right now because it really has just been a, you know, the countries that have the, the most need for it are the ones that are adopting at the fastest rates which are the ones that are suffering, you know, the bad guy, currency regimes and bad, you know, censorship and all sorts of fun stuff, but send for banks, need to adopt a government's need to adopt it. and when you bought it, we've already seen all of the data, all of what they want ended up go into korea, ended up going to japan, ended up going to singapore. so it has this really effect of punishing the countries that don't adopt. and i think we're hitting such a regime, you know, where out of this health plan, they make many countries to con, join norman wall bank loans in order to fix their infrastructure. those loans were tied towards having to spend not money and health care infrastructure, dollar loans in foreign currencies and having to re spend into america on vaccine

and also as the staff. so these, these currencies are suffering and these countries are really suffering under the many of these well, bank loans. and so they need to hedge. they need to hold some coin, they need to do what's right for individuals is right for governments is right for central banks and say, you know, this is something that they really need to consider the earlier they consider that the more likely they haul to be on the right side of one of the biggest ships in financial history that is unwinding right before our eyes. today from simon dixon, co founder, c e, a bank to the future from his perch, surveying the globe, getting them bitcoin standard, implemented everywhere. and that's the solution, simon. thanks so much for being on kaiser report. okay, thanks. i have a me again. all right, and i'm going to do for this edition of kaiser report with may max taiser and stacy herbert and our special summer solution until next time,

by all the me ah, the segregated all along my social class, most people don't know so in, in poverty by 1st, if you're born in 2 of 4 family, you're born into a minority family. if you're born into a family that only has a single parent that really constrains your life, chances people die on average. 15 years older you born in the generational poverty it's a, it's a fight every day to meet your needs and the needs of your family. me long.

when i would show the wrong, why don't i just don't the rules. yes, to shape out the thing because the after an engagement equals the trail. when so many find themselves well the part we choose to look for common ground in the news

. mm. the headlines this are the internationally comics forum and some pages the biggest event of rushes financial calendar and has its final day guess of . heard from keynote speakers, including president posted who cover topics from the upcoming summit with joe biden to the know the stream to pipeline project. we plan to discuss the relations and we need to find ways to regulate them because they are very low points at the moment. we have for vaccines and the accomplishments of our scientists have got wind recognition across the world. our partners have made a choice to the north string to the project. 13 go and crawling front for cyber stalking and death. threats against a teenager insulted islam raising to pay to freedom of speech in the country.