4.4 • 1.9K Ratings
🗓️ 12 June 2022
⏱️ 4 minutes
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0:00.0 | It actually quickly reminded me of a couple video clips I saw coming from Omaha, Nebraska |
0:04.4 | at the latest Berkshire Hathaway, meaning where we saw, you know, Charlie Munger, I think |
0:09.3 | he said, quote, in my life, I try to avoid things that are stupid evil and make me look |
0:13.4 | bad and comparison to someone else, Bitcoin does all three. |
0:16.8 | And then of course, Buffett chimed in and said, if you told me you owned all the Bitcoin |
0:20.1 | in the world and you offered to me for $25, I wouldn't take it. |
0:23.6 | And, you know, I've been involved in the blockchain space for a few years and it's sometimes |
0:27.6 | it's hard for me to watch these kind of financial professionals just not even engage with this |
0:33.8 | new protocol. |
0:34.8 | I'm just curious, how do you view those statements and how do you view it through a lens |
0:38.6 | of financial privilege? |
0:41.4 | Just disconnected from reality, you know, the reality is something that is obscured from |
0:47.4 | most Americans and Europeans, Japanese, folks in Australia, New Zealand, Canada, people |
0:54.1 | who have a strong currency at home, which might inflate, but not usually until about a year |
1:01.9 | ago, not usually in a noticeable way in modern times in the last three, four decades. |
1:08.7 | You're kind of insulated from the abuse of monetary policy and you are privileged by |
1:14.9 | the kind of like this deep global architecture of the world, which is still built in kind |
1:23.3 | of a colonial way. |
1:24.3 | If you think about the way the global economy works, you have developed countries which import |
1:29.4 | raw goods from the emerging markets and which manufacturer finished those goods and then |
1:33.7 | send them back, right? |
1:36.3 | In many, many ways, the West still imports things like metals, oil, energy from like less, |
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