Jeff Booth: How BITCOIN will RESET the financial system | EP.15
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- Опубліковано 15 вер 2024
- In this conversation, Alexej hosts Jeff Booth who is the author of the book "The Price of Tomorrow" and Partner at Ego Death Capital.
They discuss the flaws of the current monetary system and the concept of deflation as a source of abundance. Jeff explains that the natural state of a free market is deflation, but the existing system is designed to keep prices inflated. This leads to the accumulation of insolvent debt and the transfer of wealth to the top.
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◻️ Jeff Booth
👉 Website: www.jeffbooth.ca/
👉 X: / jeffbooth
🗓️ Recording date: 16th of November 2023
›› About the episode
Jeff argues that the current system is a form of crony capitalism and that true capitalism would allow prices to fall and encourage innovation. He also discusses the role of Bitcoin in imposing the discipline of the free market.
The conversation explores the implications of Bitcoin and the existing financial system on economic theory, energy consumption, and the potential for a new decentralized paradigm. It challenges traditional economic theories and highlights the deflationary nature of Bitcoin.
The conversation also discusses the security of the Bitcoin network and the potential for the existing grid to support it. It delves into the concept of decentralized energy and the shift towards a more localized and connected system. The conversation concludes by addressing the underutilization of technology and the need for a new model that makes the existing financial system obsolete.
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⚠️ DISCLAIMER ⚠️
The views and opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of any entities they represent.
The information provided in this video statement is not an offer, investment advice, or financial service. It is also not intended to encourage you to buy or sell a product or to purchase a service from GoldRepublic, nor as a basis for an investment decision. A decision to invest in a GoldRepublic product can and may only be based on the information contained in a final prospectus and any Key Investor Information and other information about the product concerned (such as annual or semi-annual results). This information is available on the website (www.goldrepublic.com). If necessary, call in an advisor.
⏰ Topics ⏰
#bitcoin #deflation #crash
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Jeff is the reason I no longer hold any altcpins
Jeff - the power of inner peace.
Powerful interview.
Jeff Booth explains bitcoin better than anyone.
Great talk.
I find jeff booths voice so soothing ,better than melatonin
Great interview. Jeff booth🙏
another great interview with Jeff, there's always good examples explained by Jeff like the 20:00 mark on hydro for everyone to understand better what's going on, people need to watch all his interviews, thanks for this Alexej
Jeff is a treasure!
Energy is the currency of the future
Fantastic podcast! ♥️
Any podcast with Jeff Booth in the title, I'll watch! ❤
Very good interview, just subscribed
Best podcast of all. Thanks to Jeff’s atribute!
Just remember it is NOT about paying off the debt, it is about managing to make the payments.
Great conversation! The constant beeps and notifications coming in are a distraction though
Sorry about that! It was on Jeff’s computer notifications, maybe that’s the only inconvenience you will have for his precious free time and knowledge he is sharing with you ;)
Incredible show! Thank you!
Wow what a great channel bro, just subscribed. Jeff Booth is one of the best Bitcoin evangelists along with Michael Saylor, Max Kaiser, Pryston Pysh, Greg Foss, Raoul Pal and other great minds in crypto. I'm so happy to be part of this booming industry.
Jeff is great at saying "you're all slaves" , without saying "you're all slaves".
The problem the free market faces is that to actually be free it has to overcome people with guns that are paid with fiat to keep the centralized system in power.
True. But fiat is collapsing
it remains to be seen whether it collapses or not. I'm currently in Argentina where the currency has been and still is ' collapsing ', yet every day you get up, and it still you are able to use it. Still better than gold or silver, and albeit you can go to a Libertex ' outlet ' to trade bitcoin for fiat, you still need fiat to buy your next loaf of bread, just like the police man down the street toting his gun and ' keeping the peace'.
@@eddiebeer4516 it already is collapsing. Look at price of BTC vs Fiat. The collapse will accelerate faster and faster.
Yes, I'm a bitcoiner too, and I see many of its great potentials and Promise, and I hope very much that we will live to see Bitcoin not just as a store of value, but actual money, instead of fiat or ( heaven forbid) CBDC. But the collapse you are talking about has been going on for a long time, and it has happened throughout history again and again, and power does come from the barrel of a gun, and until the goons accept bitcoin in payment, they will do the bidding of their fiat masters.
@@eddiebeer4516 it will be different because when it collapses fully, the people they won't take anything else except Bitcoin, no one will fall for fiat again
Bitcoin works in El Salvador, imagine that….
Great talk. But why the constant ringing noises?
Those are notifications Jeff received during our convo on his computer
THE BELL.. IT MEANS BUY BITCOIN!! 😀👍
Message alerts and headphones.... It's a silent revolution, but not that silent! Jeff is a famous Bitcoiner. He works tirelessly to help build the network and guide us to safety.
Powerful interview. Ty
Mind altering stuff on the monetary system. I’m still trying to reconcile how the “old system” succumbs to the “new system”. What does this look like? Does this imply a massive
Implosion in our current system only to open our eyes to a new way of doing and being? Seems apocalyptic, maybe inevitable.
The problem that bitcoin faces now is the manipulation going on in the futures markets where certain entities that have unlimited amounts of fiat can short and just settle in fiat at expiry. If someone can tell me how the price of bitcoin can ever rise in that environment, please let me know.
What would be the BTC Value once the USD and or the whole FIAT System collaps 😮 ???
Wait...how does using something that gives me value make prices fall?? If something exists that provides value then more people will want "it" hence creating demand
So the only question I have is what is keeping Blackrock from buying a lot of bitcoin and manipulating the system just like they do the current one? In turn creating a “matrix 2”? Like the movie each matrix would get more complex and reboot. With the same people in control. How does bitcoin keep large hedge funds honest? If they can just rug pull when they need to create value?
They can't.
When i close my eyes listening to Jeff Booth, I hear an Elon Musk with less stuttering
Comparing Jeff to that twatwaffle is a slap in the face
Well done
Amazing!
Almost seems the end of money,,we'd have to look at the world wth money absracted out
So the worsest what could happen, is the BTC would become standart very soon for everybody, and on the other side prices would carry on go up. Bcz this would take away the current advantage, of two opposing monetary systems BTC and FIAT and the enourmous value raise of BTC. 😮😅

people can hold trillions or quadrillions in Fiat, but very few will get past a million in btc.
Genius!!!
That side camera is amazing! What is it?
Thanks! FX3 with Sigma 35mm f/1.2 lens!
Every human on the planet can create the Philosopher Stone, which is already proven, sorry gold bugs, to turn any metal to gold and silver.
The poli-tricksters era will come to an end.
The problem with every analysis done by Americans is they are not willing to accept the so-called US Dollar (Fed's Debt Notes never to be re-paid) are the main source of wealth of all americans and they are neither willing to loose the benefits of that exhorbitant priviledge
Only a tiny % of Americans see the benefits of being the world reserve currency - print to infinity money.
The truth is clear for all to see.. that financial system is beinging to sway and the resources it takes to control the narrative is becoming insurmountable.
True free markets that bitcoin supports will bring far more wealth and benefit to a country like America then they have ever experienced.
This talk should have explained to you "in part".
pseudonymous economies...
This new term applies to internet and intranets of commerce, filled with anonymous individuals or bots, who do business on a pier to pier, local, or
international scale. They proceed and thrive with no uninvited entity intervening.
At one point, it would not have been possible. But now, with encryption and decentralized crypto currency, like bitcoin, pseudonymous economies are popping up all over. Industrial applications will use bots with spending ability to buy supplies on a real time basis. Online gamers will use these economies. And unbanked people from developing nations will also use these to secure their freedom.
Like ALL other tools, there will be good and bad uses, with the good outweighing the bad 1000 to 1.
AND like all other tools of value, the typical state parasites will try to inject themselves into the equation. They won't succeed.
With the recent Attacks on btc privacy by the FBI, is more likely the system Will reboot Btc.
centralized coinjoin operations like Samurai's Whirlpool were not the Bitcoin grew nor will their demise lead to a harmful reboot.
How can you agree wtih Jeff and yet continue shilling a shiny yellow rock?!?!