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PBD Podcast

Michael Saylor Reveals Why Storing Money In Banks Is a Mistake | PBD Podcast | Ep. 267 | Part 2

PBD Podcast

PBD Podcast

Business

4.44.1K Ratings

🗓️ 9 May 2023

⏱️ 63 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

30 seconds.

0:01.0

Did you ever think you would make it?

0:03.0

I feel I'm so close like it takes sweet history.

0:07.0

I know this life meant for me.

0:10.0

Yeah, why would you bet on Goliath when we got bet David?

0:13.7

Valuetainment, giving values contagious.

0:16.0

This world of entrepreneurs, we get no value to hate us.

0:18.7

How they run, homie, look what I become.

0:20.7

I'm the one.

0:31.0

If you're trying to use money that requires banks, you can't trust the banks, right? You certainly can't trust the banks in Africa and South America and

0:36.6

most of Asia. It used to be Americans thought they could trust American banks. Now they're

0:41.5

realizing that they can't trust American banks. Now they're realizing that they can't trust American banks. So the

0:45.1

first order impact of the banking crisis is people think, well, maybe the money

0:49.2

ahead and the banks going away and so I ought to put it in a bank in cyberspace that isn't controlled by the government

0:55.2

or by the bankers and that's Bitcoin. The second order impact is the

1:05.0

actual monetary inflation rate goes 10%

1:10.0

15% percent, 20 percent.

1:12.0

So you think, why do you think those 15%, 20%, 20%.

1:12.5

So you think, why do you think those bonds crashed?

1:17.3

You know, because there are actually claims on dollars.

1:20.9

Do you really want to hold a billion dollars of Zimbabwe dollars?

1:25.0

What if I offered you ten billion Zimbabwe dollars?

...

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