1/14 RYAN (@RyanSAdams): “I think so much of the infighting between left versus right is very media driven, not to get on politics. But I think every American, at least that is not among kind of the elite, is anti-corruption. Like we —
2/14 MARK (@MarkYusko): “Amen. And, Ryan, I'll sum it up for you. I don't mean to cut you off. But this is my thing: There is no left, there is no right, there is no Republicans, there's no Democrats. Remember, there was Democratic Republicans, the Hamilton thing.
3/14 “There is no left or right. You're right, it's just the media. There is in and out. That's all there is. And when you're out, you do or say whatever it takes to get in. Ronald Reagan, Donald Trump, lifelong Democrats got in by being a Republican, being Republican. Ha-ha.
4/14 “Once you're in, you do or say whatever it takes to stay in. Let's take our current president, no left/right comment, just current president. Remember before the election, oh, my gosh, the world will end if Biden becomes president because oil companies will get
5/14 “overregulated and they'll go down. What's the best-performing sector this year? Energy, oil, because he got there and he's like oh, they write those kind of checks; those are big checks. I'm not going to regulate them. So it's in and out. When you're in, you're part of the
6/14 “elite, and what you want is to preserve your wealth and the wealth of your crony friends. And the most extreme example — what I call the dictator playbook — are true dictators. Let's take Maduro. So Maduro, what did he do? He got all his friends at the top, cronies, and
7/14 “then he devalues the bolivar. What happens? The average person in Venezuela is totally out of luck. And what happens? Unless they found Dash or Monero or #Bitcoin, they basically lost everything, because the currency was destroyed. And that's happened in places like — you
8/14 “can't see it on my desk over there, I have a $100 trillion — let that number sink in for a second — Zimbabwe dollar bill. And I say this all the time: Like $1 trillion, we'd have to sit together here and talk for 31,710 years — I guess talking to you guys will actually be
9/14 “pleasant, but 31,000 years might get unpleasant — and spend $1 every second, that's a trillion, $1 trillion. So now we talk about $4 trillion stimulus plans. Again, your mind has to be blown, because if you start with $1 trillion of money and you add $4 trillion, you just
10/14 “devalued that currency. So the idea of #Bitcoin as a deflationary currency instead of an inflationary currency and a true store of value. as opt-out insurance, as shmuck insurance, as I call it, is — we know that the schmucks are going to do what they do; we know that
11/14 “they’re going to devalue the currency; we know that they want to preserve the empire; we know that they want to foment class warfare and increase the wealth at the top of the pyramid. That's not a surprise. In fact, I thought this was really cool: So another thing I
12/14 “watched awhile ago was 'Stranger Things,' the show. There's this amazing thing, you got the lab building. If you look at the — I can't remember the name of it now, whatever the lab was called, it's the name of the town. But if you look at that building and you look at
13/14 “the Fed, they’re the exact same building; they look exactly the same. And if you go back to that 1910 book I was talking about that talked about the Aldrich Plan, they showed this multi-tentacled monster that was inflation, that's the Mind Flayer. It looks exactly
14/14 “the same. It’s life imitating art — or art imitating life. It's unbelievable that the 'Stranger Things' that are happening inside the Fed are basically this tentacled monster taking the wealth and putting it in the banksters."

Timestamp: 32:37

podcasts.apple.com/us/podcast/65-…

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with OtisA502 ⓒ

OtisA502 ⓒ Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @otisa502

28 May
1/39 RYAN (@RyanSAdams): “I want to maybe end on this question, which is: What advice do you have for the crypto natives? Like, again, a lot of people, as we started this podcast listening to Bankless (@BanklessHQ), crypto is really their first experience in investing.
2/39 “They're learning about investing through crypto, which is sort of bizarre. I think they're leveling up faster than they might in the real world. But there are still some timeless lessons that can be applied from traditional investments here. What are those? Share some.”
3/39 MARK (@MarkYusko): “So the first is, to understand the difference between investing, trading, speculating and gambling. None of them are bad or good necessarily. Just like introvert and extrovert; people are like, oh, introverts are not cool and extroverts are cool.
Read 39 tweets
28 May
1/13 MARK (@MarkYusko): “I do get angry about this, because the average person has everything stacked against them, the average investor has everything stacked against them, from accredited investor rules, to the inability to access talent, to the inability to access the best
2/13 “assets in the private markets. They can't get into Sequoia and Kleiner and all the great venture capitalists. They have no chance to be involved in private real estate or private energy, except in crypto. #Bitcoin is a venture capital investment; it is a D round
3/13 “of a late-stage venture capital investment. Why? Because if I want to own Amazon — Amazon is not a company, Amazon is a network. Amazon doesn't make anything, they are a search engine; they match buyers and sellers and they take a cut, and they take a very large cut.
Read 14 tweets
28 May
1/16 RYAN (@RyanSAdams): “Mark, one thing, the other difference, though, is that only accredited investors get access to the private markets —

MARK (@MarkYusko): "Oh, amen!"

RYAN (@RyanSAdams): — “which is such a pain point, I think, for many of our listeners that does not
2/16 “exist in the same way in crypto."

MARK (@MarkYusko): "It's a scam. Look, it's not intended to protect you from the ravages of the scammers. It's created to protect the rich. The rich created the accredited investor laws not to protect the small investor. That's a crock.
3/16 “I know plenty of people who aren't rich who are really smart, I know plenty of people who are rich who are not very good investors and vice versa. So 'accredited investor' is to protect the wealthy so they get access to the great deals. It's like why companies stay private
Read 17 tweets
28 May
1/47 RYAN (@RyanSAdams): "And, Mark, the 'life imitating art' I think is actually a really good way to illustrate the fact that people understand what's going on, maybe not as explicitly as you have stated it, and that's why we've brought you on to the podcast, to explicitly
2/47 “state things. But people feel this; young people feel discouraged, they don't feel included, they feel lost. It's not just young people, but it's the majority of the United States. And this is the same through line that we saw in the Roman Empire, where the people of the
3/47 “world, they knew that things were corrupted, they knew that things were wrong. And if we take a historical perspective, people saw — inside the Roman Empire, it was hard to see it fall in real-time, but if you look back in hindsight, the writing was on the wall.
Read 47 tweets
27 May
1/29 RYAN (@RyanSAdams): “I guess my question to you is, Mark: What is the central bank's next move? Because the framing of the macro is, we're in an era of money printing and we've been doing a ton of it. What happens next? How do we get prepared for this decade?
2/29 “What's Powell's next move?"

MARK (@MarkYusko): "He's going to print more. Look, the history on this is very consistent: All empires fail, every single one, reserve currencies end. The final throws of those empires is rife with this type of cronyism, this type of taxation
3/29 “without representation, so to speak, this type of rampant inflation and money printing. Go back to the Roman Empire. So the Roman Empire, there are some quotes from Marcus Aurelius that could have been written yesterday, literally; they just talk about rampant government
Read 29 tweets
27 May
1/29 RYAN (@RyanSAdams): “I think what you’re saying is, basically a fiat currency, modern monetary policy, is the root of this warping effect that we see across all assets. But you said something different, and this is the part that was most explicit to me, and it maybe
2/29 “came out in a tweet I recently read from you, which you said: The Fed (@federalreserve) has only one goal, just one goal: —

MARK (@MarkYusko): “Only one.”

RYAN (@RyanSAdams): — “To transfer wealth from average citizens to banksters and the top 1% through
3/29 “the stealth tax of inflation. What you’re saying implies something a bit more insidious — 

MARK (@MarkYusko): “This is sinister.”

RYAN (@RyanSAdams): “Right — that this has been all part of a prepared plan since the early 1900s and it’s now just coming to fruition; it’s
Read 30 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(