Welcome to the last portion of Ricardo Salinas’ Bitcoin Masterclass. The extremely rich person and his two has previously examined the fiat fraud and sound money, yet they presently can’t seem to unite everything so you can “understand both.” Keiser and Herbert get Ricardo Salinas to share a few things about his stock portfolio and his BTC allotment, yet we avoided all that to zero in on his interpretation of bitcoin and the ongoing system.
It all completes the cycle, after the discussion the video closes with a melodic montage that shows us film of all that occurred in our first post about Salinas’ visit to El Salvador. We see the representative to the United States, Milena Mayorga, get the extremely rich person. We see the threesome and Samson Mow visit the fountain of liquid magma where El Salvador is bitcoin mining. We see every one of them eating with Binance’s CZ. Furthermore, we see pictures of Ricardo Salinas and his child meeting President Bukele.
Anyway, how about we get to the bitcoin content.
Bitcoin Is Creating The Chaos
Today’s meeting begins with a treat. Max Keiser answers what we considered “the best questions of the whole conference” Bitcoin 2022. That is: “Is Bitcoin causing the chaos in the world, or reacting to the chaos?” What does Keiser thinks about his own inquiry? He advised Salinas and us:
“To me it seems like Bitcoin isn’t reacting to the chaos, but bitcoin is causing the chaos. Because, bitcoin changes people (…) It’s a mirror where, if you’re a person with decency in your heart, you become more decent, and you think about doing other benevolent things. If you’re a person who’s got a heart that’s not well , and you are envious. It makes you more envious, it makes you worse.”
Not to be dominated, Ricardo Salinas shoots a desperate forecast with respect to the customary market for the following couple of years:
“What’s happening to the fiat world is a disgrace. Now, people that are expecting a pension are going to be defrauded of their pension. People that have saved money for their retirement, they’re not going to have the money because it’s not going to be there. It’s going to evaporate.”
BTC cost outline for 05/10/2022 on Cexio | Source: BTC/USD on TradingView.com
Ricardo Salinas On Presiden Bukele
“He’s obviously a very sharp guy, he’s young, and he’s done these extraordinary things. So, I need to have a better sense of the person. Because, whatever he says or does on media, it’s not the same person,” Salinas said about El Salvador’s leader. The two would meet a couple of days after the fact. Salinas elaborated:
“I want to understand what he wants to do and how he plans to do it. I want to hear it from him. But obviously his capacity to do things differently is evident (…) And you know this thing of having Bitcoin being legal tender in El Salvador, that changes things completely, because now it’s not just an asset, now it’s real money. At least in that jurisdiction.”
Ricardo Salinas And The Problem With Democracy
In an incredibly hopeful second, Max Keiser depicts what is going on. “It seems to me that there’s an epic battle between fiat money, evil, and Bitcoin money, which is the best soundest money ever, it’s good. It’s good versus evil”. Ricardo Salinas isn’t entirely certain, in light of the fact that the present framework is upheld by a vote based system. “This evil of fiat money fraud is being sustained by a democratic process, and it’s being voted into power every day,” Salinas says convincingly. “That’s the problem with democracy, (…) majority rule is no fun”.
Ahora si a descansar 😌🥱😴 pic.twitter.com/OK2svSdakP
— Ricardo Salinas Pliego (@RicardoBSalinas) March 25, 2022
When examined concerning “The Bitcoin Standard,” the book we’re perusing in the Bitcoinist Book Club, Salinas pronounces it to be thoroughly right on target about the Austrian School of Economics’ perspective on the world over the Keynesian one. “I think the historical perspective is especially valuable. (…) This is a must-read not only to understand Bitcoin, but to understand the fiat fraud, because you have to understand both,” Salinas additionally claims.
When interrogated regarding Peter Shiff and his dad, gold bugs until the end, Salinas is as yet deferential of the past lord. “Having gold is not a bad idea, having everything in gold is a bad asset allocation. Speaking trash about bitcoin is a bad idea.” And that’s what he intends on the off chance that Shiff zeroed in on advancing gold and not on censuring bitcoin, he wouldn’t embarrass himself.
And that’s the long and short of it. How much did we gain from Ricardo Salinas?
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