The American Dream and Bitcoin with Charles Payne Fox Business
sponsored by step finance your go to d5 portfolio manager on solana luno if you're just getting into bitcoin it's the perfect place to start hey guys anna welcome back to another episode of the lay heil pen show as always this episode and this podcast is powered by icon plus capital the vc firm so go check them out and it is also sponsored by block fi so block fight offers some really amazing interest rates if you're interested i've left a link in the description and in the comment section so i think you can get around nine percent of your stable coins right now which is pretty cool so joining me today i have a very special guest we're talking all about the american dream we're talking about privilege we're talking about living in the most privileged era and of course we're talking about bitcoin and modern day society it is charles payne the host of making money on fox business charles welcome to the leia hill plan show it's great to see you how you doing i'm i'm great it's good to be on your show yeah i'm super excited to get into this um you're a really interesting character um you have this interesting back story your upbringing the air force working on wall street so i want to get into all of this um and i really want to start at the beginning basically um so i've watched several podcasts of yours and you mentioned that when you were much younger you moved to harlem and in your words you grew up dirt poor um and you had to hustle a lot with various different jobs from the age of 12. so i'd love to understand where that drive came from to start hustling because for a lot of people that kind of set up in life is just a terrible setup um and you know it's not a great foundation so where did that drive come from i i think part of it was that i was the oldest so there were three boys and my mom and uh you know and so you know we we had a beautiful life we grew up around the world uh living on a us army bases you know i lived in germany i lived in japan texas three times pittsburgh alabama north carolina virginia so we lived all over the world and i really never even thought about money or any of that stuff i had chores but you know not a lot of responsibility per se but then we found ourselves in a sort of destitute situation where all four of us are living inside of a room uh so i just i just i had no i really felt like i hadn't felt like i had no choice uh so you know i just started to hustle and you know i would clean car windows you know get a buy a pack of tall paper towels some windex clean windshields at stop lights and red red lights and i would shovel snow and i kind of got lucky i got a job in a bodega uh even though that was rough like you know i i don't think people now particularly people go to new york and go to harlem when they go to nice restaurants understand in the 1970s it was it was bombed out parts of it looked like aleppo uh you know during the syrian war it really was that bombed out uh junkies winos uh crime it was it was rough and even working in a bodega was pretty rough uh you know they tested me all the time because i was different uh you know so lots of fights a lot of intimidation but i had no choice i i really felt like i had no choice i think it's so interesting that you said you had no choice because i feel we live in a society um whereby people are always sort of talking about um you know privilege and that's one of the best ways to get ahead in life but there's something about having no choice which sort of pushes you it's like it's like a it's like a rocket right it pushes you to do better it really is it's um you know and you know it's it's so amazing because i mean obviously not everybody did what i did right so uh you know that one intangible i'm not 100 sure where it might have come from i did i will say you know for my father who wasn't necessarily i wasn't necessarily close to but watching him in the military and the way he took care of responsibilities you know at night i would watch him shine his boots and polish his belt buckle until he had this the most amazing shine and he'd get dressed in the morning have his gig line straight put his cologne on so i did absorb some of that i had a grandparents on the farm in alabama and uh you know it's you know their story is even more to me even more amazing in the sense that for a black family to have a farm in the south uh you know in the 50s and 60s and 70s it's really just a mind-boggling thing and you know again they went about they took care of business right they didn't have indoor plumbing they didn't have electricity uh you know until like the late 70s but they raised a whole lot of kids and grandkids and they were self-sufficient they didn't need they needed to take they didn't need to ask anybody for anything right so they grew crops they had a few animals it was tough work so i think all of those things contributed to me knowing that i uh at least thinking i had to step up so i did you had clearly really strong um you know father figure parental sort of guidance i guess in that sense so you know money aside because people always look at money as that privilege or skin color or you know gender or whatever it is to what extent would you say having um a good example would be you know that one of the most privileged things that you could have oh i think it's far and above the most important thing and to be quite frank with you my mom was far and away the most important symbol in my life the most important person in my life uh and so um it makes all the difference in the world you know that's why i'm i'm really big on family family structure and you know we live in a modern era so it's not that hey you know what people are gonna get married and be be together for 40 years and for 50 years and you know but responsibility so you may move on marriages may break up people may never get married but the responsibility of taking care of children and giving them hope and you know teaching them responsibility that's still very critical and i think that's where we have fallen off in terms of the society so uh there's nothing in my mind more important to that because you're right it supersedes everything and in what way do you think we've fallen off as a society uh you know just accountability uh just the notion of lack of responsibility individual responsibility individual accountability uh and and just you know for instance i i find hiring young people a lot of young people they don't take criticism well uh you know or or yeah i just i just feel like there's a certain kind of humbleness that you come up through life with and and and you know you give respect you get respect um but there just seems to be so many excuses that are laid out and it's so hard to have to be honest with someone and say hey no this is your problem but you can fix it but it is a problem so we skirt around the issues and in our world uh you know people don't commit crimes guns commit crimes right and our world uh you know it's not what people do it's it's sort of the outcome that becomes villainized and and that never gets to the real issue so i think we've got some serious issues there uh and uh you know a lot of it too is it's just a country and a world really that has lost has lost i don't i don't say respect but sort of we've lost faith in a lot of things and you know and i don't go to church every sunday but i'm a strong believer in god uh and uh you know but we've lost faith in almost every sort of institution that people used to look up to as well so you had the family structure but you also had the church you believed in your local government maybe uh you know you believed in certain things um and these days you know you look at all these different surveys and uh our our faith in in these agencies are have collapsed you know the only thing i've seen that has gone up in the last 40 years is maybe the police department uh but outside of that whether it's the supreme court congress the media uh you know every single one of them we've lost complete faith in and again some of that is warranted some of it also is an excuse because we started laying off what we should be achieving on our own to other people you know oh that guy was bad i i've had people tell me oh i didn't do well when reagan was president well that ain't reagan's fault i mean yeah you know there's a certain amount of president can do to set up the backdrop for you to succeed but ultimately no matter if it's the worst president in the world or the best uh you know if you grow poor if you grow up rich you still have to be the author of your life and that means accepting where you've made big mistakes and if you do that the right way you'll be able to correct them yeah it's this constant sort of um celebration of victim mentality i think that's the problem and you know the whole idea of you know good times create weak men well it's not just men but it's people and i always say that western society sort of peaked in the 90s which allowed this new generation millennials unfortunately and one of them to just become one of the one of the weakest sort of generations that we've seen um and so i think you know i think people this is also why i love crypto i think you know people need to be empowered to um realize that there is opportunity out there because i think people often think that the american dream is sort of dead um but in in your instance you know because you did have a difficult upbringing um like you mentioned so at what point did you have the realization that you know the world isn't against you there is money to be made out there it is a bit of a game you know with the stock market you need to know how to play it and so at what point did you have that realization because also because also when you when you do grow up um you know not with a dirt poor as you said you often think that that is normal you know that is all there is out there right well it is normal right i mean for where you live everyone is in the same boat i will say the one uh serious advantage that i had over over my neighbors and and the people i went to school with when i got to harlem is i had already lived around the world and i had i had friends in japan and they were teaching me japanese and uh you know i lived in germany and i had all these different i've gone to all these different schools and you know i got to be honest i didn't equate being great or smart or hard-working or an intelligent with being white and you know i was really shocked you know when i first moved to harlem and i don't know the first time someone said man you trying to act like a white boy and i'm like what do you mean like you know i want one time you know like getting straight a's you were trying to be you were being white speaking proper english you were being white so automatically if you tell yourself that that speaking proper english is not black you've set yourself back you've automatically have put yourself in such a compromised position that there's no way in the world you're going to be able to maximize your potential and then you compound that with the fact that there is racism out there so all it takes is if you even give it a shot and you get a job somewhere someone treats you like it really doesn't treat you well you're gonna say i told you i knew they were like this i can't make it we can't make it and so it's a difficult premise when you've already sort of established that so i was very very lucky you know when i was in third grade third or fourth grade i had a math teacher and uh she her and her husband got their orders right and they were leaving so it was her last day and once she was the teacher she's my two kids get a better time and she would ask a math question whoever got it right the other kid had to sit down i used to run through the entire class i just crushed them all i would just crush them all and it was like 95 white kids and so when she got her order she said you know everyone i'm leaving and she asked me if i could stand up and she said i was the best student she ever had so in that respect i was lucky like you know i can't say i i really do know that that gave me an advantage over someone who grew up from day one thinking that speaking proper english was being white or excelling academically was being white so i did have that advantage and and that's the thing i wish and i hope never has to be a disadvantage that you know as time goes on people don't have to put themselves down or look at themselves in a certain way uh and so it's it so there wasn't any particular epiphany per se i did have that going for me and it worked out like when i was going job interviews i went on a job interview and i was 17 at mcdonald's i finished high school but i had six months before i was going into the air force i had they had delayed not five months it was the lake and i'd said the last thing you wanted in my neighborhood was to sit around if you were just sitting around you're gonna get in trouble one way or the other so i went to i saw it out in the paper they used to have these things called newspapers by the way i'm gonna i'm gonna send you one one day so i i saw an ad in newspaper and i went down it was two blocks three blocks away from it it was ironic because it was trump's first major building in new york there there's the grand hyatt hotel and 300 people showed up for three jobs and so they did all these rounds of interviews right they did a round and then they would get rid of half the people and do another round so they did the first round of interviews and then they got ready for the second round and when i went over you know they called me up and went over and the guy says don't worry about it you're hired already so i just sat there and i had to wait like two hours two or three hours for them to finish the entire process so in that regard i don't know what i said to them what they saw in me but there was definitely something that made me stand out because i got the job without having to go through all those rounds after one round right so and i think that was sort of the idea that you know i i did spend time in different places and i and i different i definitely knew different kind of people and i don't know if that just came through or whatever but you know it was it was well i got the job so that was good you said something really fascinating which was um you know stop acting like a white person so you know you'd be speaking well or doing well whatever it is and the response you would get would be stop speaking like a white person and i hear that a lot um i hear that you know obviously i'm based in the uk but you know it's the same conversation i hear and it sort of reminds me of the whole crabs in a bucket sort of idea i'd like to understand you know why you think that happens because you know you're sort of damned if you're doing dams if you don't right because like you said that compounded with actual racism that exists you're sort of damned either way right you know and i've heard the term crabs in a bucket the only thing i would say the crabs are all trying to save themselves they don't know they're pulling the other one down with human beings we know we're pulling each other down um so uh you know listen it was really even rougher than that because i mean i took some serious ass weapons right for for sounding like a white person really oh let me tell you one of the first things i that that that the difference between growing up on army bases and living in harlem in the 1970s were the for the fights the physicality you know i had like two fights maybe three i know for a fact i had two when i lived on these army bases one man me and my friend we had a fight we were playing football and you know i this fight lasted i think two minutes one minute and then we finished and then we were friends again you know and we played finished the football game and we had a soda pop the other one was uh this with this kid and we rolled around on the ground for a while but again you know it was no big deal i didn't realize like you know we moved to new york it was like yo you fight to the death you start fighting you and you i'm my longest fight i mean this kid fought for 40 minutes one time we covered three blocks i don't even know how the hell we got there like you know you just fight and all of a sudden no one would break it up and it's just like you know so so it was dangerous to sound like a white kid it was like oh god uh you know do i really want to get an a right now i went home from school and i damn sure had to run home from school so you know it was um you know the the the thing is though and and this is why i'm praying and hoping that one day we can change that so there's not that internal pressure you know and you know it's it's it's easier said than done you know it's it's a it's a societal thing um you know um every now and then you see a nice disney movie i remember keela and the bee and this girl was in a crime infested neighborhood but she was great at spelling and nobody bothered it right you know just it's just you know it's a prayerful thing that we get to that point um um we're not there yet even as a society i don't think you know race excluding race we don't appreciate uh intellect the way the rest of the world does and i'll give you a great example there's a guy named jim clark i'm not sure if you ever heard of him i think he may have the distinction of being the only person who created three separate multi-billion dollar corporations i think his first one was a company called netscape so jim clark this guy wrote a book about him um michael lewis michael lewis is like one of the most famous authors when it comes to you know wall street books and so he wrote a book about jim clark called the new new thing and in the book there's a part in there and i got to buy the book i was looking at my library the other day and i couldn't find it but i remember there being a partner where there was a guy who was always with jim clark a guy from india so lewis said you know can i talk to him so he interviewed this guy and uh during the course of the interview the guy he came from a small village in india and he's like you know talking about his background and his sister was the prettiest girl in the village and one day he came home from school and she was getting all gussied up right it's like oh what's going on she's like i got his date and so he says well with who and when she told him he's like golly he's like the ugliest guy in the village but you know what his sister said yeah but he's the smartest right you know we don't you know smart people in our country get you know you know they you know it's the captain of the football team the guy who can rap the best the guy who can dunk the ball all right those are the ones who put on pedestals often the people who are very really smart have to hide it uh and you know that's a detriment it's it's always been a detriment but even more so as we go into this new economy uh which is more intellectually based and you know based on physical brawn yeah it is an interesting idea and you know i think speaking of moving into this new economy where it is very tech driven and you know we always talk about this um on your show people often say that we live in the most privileged era where we have access to unlimited information where you can build an empire from your mom's basement if you've got some good wi-fi you know you can really do anything from anywhere you can access a global market so would you agree firstly that we do live in one of the most privileged times absolutely absolutely uh you know there's just no there's just no doubt about it you know just like you said the reach the ability to you know to start a business you know put out some ads on facebook or whatever it's it's that you know but it also is competitive right i mean the ease of ease of entry means there's a billion other people doing it right so you know whereas if it was harder you would have maybe fewer competitors but penetrating the market and creating a business uh that part is really great and when i started my business because you know i have my own business aside from fox yeah yeah so when i started my business i started again out of a one bedroom apartment in harlem it's a research business and what i would do is i i would write the research at night and then i was a salesman in the daytime and there was this big book it was really thick it had to be like at least a foot i mean they used to call it the red book it had a red cover it was a directory of all the brokers in america and i would just go through the red book calling people up cold calling you know hey you should try my research to try my research you know how hard that is you know and so it's a grind uh you know but it is what it is right yeah i mean i just i just wonder then you know given i also think we live in one of the most privileged times um so i'm trying to understand you know why there is this sort of growing unrest in america and also globally um in terms of this whole diversity narrative um this idea that you know we live in the most oppressed times women are the most depressed well as a woman i totally disagree i think we're the most liberated right now and i think that's sort of bad in some ways but that's another it's another that's another topic um but you know surely technology has leveled that playing field so why if we can agree it's the most privileged times why are we apparently more oppressed than ever you know i think that's more of a political narrative than anything else you know there's a lot of power out there to make people feel oppressed to make people hate each other to make people feel animosity uh and and the power centers of our country of our countries and around the world really the west in particular but certainly in the united states is centered on grievance and and you know when you start to take that away then these organizations can't exist the day after the day after barack obama was elected i got an email from the nc uh uh national association for advancement of colored people um that was ominous that you know now that obama's elected it's going to be worse for black people so because you know there's there's a backlash even to this day you hear people you know talk you hear people say oh you know now the races are going to really come out you know so there's a backlash you know uh it's it's it's nonsensical in a sense that uh you know this is the same country that elected a black man but then they hate him at the same time it just doesn't make sense if you step back even for a nanosecond and pay attention but that's the narrative because they can't give up what are they going to do say we don't want to be in business anymore they're going to fold up their tent you know people are going to give up those six-figure jobs and their privilege and their speeches and they're going to give all that up and do what you know and and you know it's the same thing whether it's unions whether it's that whether it's this no one's going to give up that power uh and so it's the the oppression meal ticket is a multi-billion maybe fifty hundred billion dollar thing and the power that comes with it is amazing as well so and you know same thing with political power you know and that's that's why i hate politicians who who spend too much time telling me about someone that hates me or that spends too much time telling me what the other person's doing i always want to hear what they're going to do um you know and you know it's it's it's gotten very despicable and i think it's going to get more despicable because you have these older politicians who have no clue that you know people younger people your age and even younger are closer than anyone else you know like you know it has ever been you know again if you go back to my old block there were no white people zero zero and you know you couldn't meet any unless you maybe had a few at school you couldn't there was no internet to meet any you couldn't share the music you know there was not no way to interact with any white person of course now that's all people do is interact with different people all around the world you know so i think it's a beautiful thing um but there's some really powerful nefarious forces that hate to see it happen yeah i think it's really sad because i also agree i think it's a beautiful thing um you know i'm not one of those um people that scream diversity i'm just happy to live in a meritocracy um you know equality of opportunity rather than outcome um but it's so funny because you know people always scream oh you're sexist racist this all that if you just sort of want to see a meritocracy um that is no i i guess because there's there's it's rare that there truly is a true meritocracy there's always something that kind of tilts something in someone's favor a little bit which is this real talk you know it's it's like you know you go and you start the job same time as someone else maybe they went to school with the boss or the boss's daughter or the same alma mater they live in the same town they like the same movie there's always kind of something that you know it's hard to find in this world of isms and it's not just racism or sexism or you know there's all kinds of elitism and this isn't so you know i i don't ever tell anybody that that i don't know too many areas where there's truly uh true meritocracy but i do know the harder you work the harder it's going to be hard for someone to stop you you know what i mean like if you bust your ass and you learn and you overcome you become a battering ram i don't give a damn the more you become a battering ram the harder it is for someone to stop you so you know and the reason i say that because i don't want people to get disillusioned like well i did everything else they did well then whatever else you got to do do it right because because if you want that you've got to go get it and and no one's going to give it to you they'll give you crumbs they'll give you crumbs all day long you know uh higher minimum wage yeah step right up vote for me i'll give you a higher minimum wage you want to live in a project public housing i'm your man you know oh i'll raise you above the poverty line so what does that really mean well in america that means we'll take a family of four from 26 000 a year to 27 000 a year you know so you know so i i i do i believe in meritocracy as well but i just think it's it's i've never been in a position anywhere in my life where just truly the best and the hardest working uh is an automatic path you know sometimes it takes a little bit more than that and it's fine because you know what you have sharp elbows look at you you're a dynamo right so no one if you if you sense some [ __ ] you're gonna you're gonna sharpen your elbows and you're gonna still power right through it yeah i mean i just yeah i still just try my best um because i want certain things i want so you know like my my whole mentality is like i don't wanna rely on anyone or anything um you know and it's not a feminist mentality at all because i'm really not into that um i just i just think we all have to be careful in this world because you never know what tomorrow brings you know even if it's just like bad health you know sure oh you're going to be able to pay those bills if it's a family member that's sick you want to be able to pay those bills like i just don't want to struggle you know um and and even on just like a superficial level like if i'm not being funny but if i want to get another perfume i don't want to ask someone for that i want to be able to go and afford a chanel perfume myself like i know that sounds superficial but it's just i don't want to ask i want to be able to do you know and and then also just giving back as well which is really which is which is which is the next level of like achievement um when you can give back and and i feel like that's something you're doing actually um like i really love what's going on right now with fox business i love that you're bringing in i wasn't gonna ask you about this but i'm just gonna do it anyway i love that you're bringing in loads of people from crypto twitter um you know young people like myself people younger than me um i think it's incredible i'm not i'm not seeing this anywhere else actually a little bit in the uk but that's more for diversity reasons in my opinion um but tell me about this how come you're you know you're really talking about crypto and bringing in young people it's not even just crypto i just want young people i you know why first and foremost like you i believe in economic freedom right personal freedom is just it's just let me tell you something sometimes i walk out my bedroom door and i look down on my house and the feeling is just like oh my goodness i can't even describe it like you know it's like look at this amazing house right it's like look at this it's a [ __ ] mansion right and yeah and i earned this [ __ ] from nothing i had nothing i don't know how i got there i really couldn't tell you exactly and and i want this for people particularly young people and you know i got to be honest you're very observant because no one is doing what i'm doing in terms of like how how much time i spend looking for new guests all the time and you know i'm looking at i like i like to find people who who write or who seem to you know who know what they're talking about i you know i like to read the reporting or whatever uh you know and and i just think that if we empower younger generations then then that's how we keep this thing going right because it's not we're not ordained and none of us are you know like i know listen i think america right for what is achieved in such a short period of time considering how old civilization is is absolutely remarkable you know the super you know the pass up the great great britain in the 1900s early 1900s um but i also believe that a lot of people have gotten to the point where they think it's ordained you know just kind of wake up yeah god blessed america yeah well you got to get up and earn it though yeah you just got to sit back and you know because you know once because once you lose it i don't think you get it back so so you know i and i just and by the way i'm i love what i'm seeing with young investors and it's just and it's crypto but it's also stocks and and i just i i love it because it was it was my salvation you know i when i was 14 i went and i told my mom i said i'm gonna work on wall street that's amazing and let me tell you nobody but my mom believed me nobody i called my dad on the phone i said daddy i'm gonna work on wall street you say man i saw it on tv one bunch of white guys throwing paper in here i see no he said i see no black people down there like thanks dad i'm gone that's so amazing i just i love that so much i think that's that's what it's all about for me um you know that's why i'm interested in bitcoin um because i feel like it really levels the playing field um and it brings back that fresh opportunity you know and i know millennials often feel like the um the opportunity is gone you know it's hard to get on the property ladder the infrastructure is built now america's built everything's built um but now we're building new things um and so it's finally an opportunity um to start again so this leads me to my my next point so i thought you're an example of the american dream um and i love it um so to what extent would you say the american dream is dead you know given inflation biden and all that fun stuff um you know the wars the centralization of power and all this stuff versus a new era that was sort of going into i don't i don't think it's dead you know i just think people have to to work for it right and you know it's you think of some of the other generations and the greatest generation in world war ii world war one world war ii uh even people who young people who fought in vietnam you know my dad fought in vietnam and to be honest with you when he came back he was never the same and sadly um he only told me a little bit about that just a few months before he died why he changed and twice he had gone out with his crew whatever you know and twice he was the only one who survived and so he was mad at god he was mad at everyone you know that and it was hard for him to love to be vulnerable so there are generations that all face obstacles um so i think the american dream is alive and well it's got to be you got a 22 trillion dollar economy are you kidding me but you got to you got to get in there right and again it's easier to set it up but that means there are more people maybe doing it that means you gotta be smarter more innovative you still gotta have that hustle that grind um you know and and i just think too many people have grown up without it and they don't know how to get it uh and you know and and so ultimately you know getting becoming very successful is not luck right you know every now and then maybe someone may stumble on something but for the most part it is a dedication a grind overcoming obstacles getting smacked down a few times climbing back off the canvas that kind of thing so the american dream is alive and well and like you though i think what's happening you know blockchain crypto you know the metaverse um you know just this whole new world uh you know listen i i'm a i you know the story ned lud no so so when they first had the weaving machines uh you know he was really upset his name like king led net love they called him king lud anyway he led a revolt one night because people were losing their jobs right you know it took like all these women and men who were making these you know things he they started bringing these big machines i was doing the work of like 10 people so one night him and a bunch of people broke into like a little factory and they broke them up so anyone who's afraid of advancement now is known as a luddite right or technology so i'm something of a luddite not that i'm afraid of it but you know i'm not the best at it you know i actually get on the phone on the elevator like it took me so damn long to get a smartphone but i was also embarrassed so when i would get on the elevator my like old school phone i would be acting like i was sending an email even though because everybody else was in an email me too but um so i i'm sort of a luddite right but i think we're in a fourth industrial revolution yeah and so you know robots flying taxis and all of these things are just so absolutely amazing the sad thing though is if you don't prepare for it the right way you're going to be left behind and so we're going to have a we're going to have another group of haves and have-nots and this won't be based on race as and and all the other things is to be based more on intellect and and you know people who have actually prepared for it invested in it or learned about it and then it would be the rest yeah i think you're absolutely spot on i totally agree with you that's why i'm investing like i'm crazy right now i'm just trying to like every day i'm like yeah i'm in on that new [ __ ] coin i'm in on that new meme coin i don't care just just put it in um yeah i'm going crazy with it um but i'd love to understand how you first heard about bitcoin and crypto and you know what was your initial thoughts when you first heard about it um i heard about it a long time ago i read about it somewhere a long time ago and i thought it was very very intriguing but my my biggest obstacle was this notion that some kind of super formula was created some sort of software and it'd only be x amount of um uh hold on i'm sorry no worries hello okay yeah so um there would be x amount you know i just thought i loved listen i'm not a fan of fiat currency i do think uh you know that that i i do believe one day this whole thing will implode i don't know what this the final thing will be that makes it implode it might be something small right like all these major structures that eventually collapse it's not as you know if you get so deteriorated beneath the surface that it won't take much but i don't know what the magic number is or what it is but they've just ruined it so badly um so i just never trusted the idea that this formula was foolproof so i used to have an office also on the 17th floor here and john stossel uh who's a real famous newsman in america um he was into it early and it's uh one of his assistants she was into it early she's always come by the office and this is like it was like three thousand right you surprised some of that bitcoin i'm like yeah yeah yeah okay yeah i hear you you know so i was always into interested in that they want to collapse the first time i kind of like say yeah okay that's what i thought but when it made the rebound that's when it got started getting my attention then i learned more about the blockchain than about you know the you know the the sort of decentralized financing and um you know i just became more and more intrigued yeah i want to pick you up on your point about the dollar um do you think the dollar is at risk of losing its place in the world um as you know that world reserve currency um you know i imagine for example inflation is so much more than 7.9 um so what's gonna you know i know you don't know exactly how but like people are losing trust in the us dollar yeah will it lose it's you know will it lose it it's gone i think it would have already if there was an alternative right the only thing that you can say is that everybody has to base their currency right you know you look at the european central bank the bank of england the bank of japan i mean some of the things they've done is like ah lee they're buying stocks right so they've all gone off the reservation right um uh but i do believe it's interesting because today one of my topics is as saudi arabia buying oil in the yuan rather than a dollar those are your first signs you know one of the main things that keeps the dollar the world's reserve currency is that people pay for oil with dollars which is why this whole push by progressives in america to get rid of oil they are so damn stupid for so many reasons it's like you guys don't realize you're gonna you're just gonna make it easier to get off the us dollar and that full faith and credit that gets you a lot of stuff you know that gets all this money coming into here into this country is gonna go away it's going to go to taiwan it's going to go to vietnam it's going to go to china it's going to go to africa all that money that we get in part because of a rule of law all right and and and you know and just all the things that make you the world's reserve currency one of the big parts of it is crude oil so i just find it so amazing they want to get rid of it they have no clue no clue unless they really do want you know maybe they want some form of armageddon because that's what they're going get uh and and and so it will at one point at some point it will lose that uh for a few years ago maybe a decade ago there was a talk of a basket of currencies sort of like what the imf has imf has these five five currencies in a basket and that's sort of what they call a special drawing rights uh and so there's been there was talk of maybe a special drawing rights uh superseding the dollar so it would be the yuan uh the euro the dollar uh and uh the pound and i forgot what the other thing was maybe the swiss franc so mm-hmm or no the swiss doesn't frank anymore whatever it was something else but so it will lose it at some point it's inevitable yeah and you said it's you know there's no alternative but i mean do you see bitcoin at this stage as being an alternative obviously not right now but you know el salvador's adopting bitcoin as legal tender um you know i'm starting to see some states in the u.s um talking about allowing people to pay their taxes and bitcoin which for those watching don't do that i think that's a terrible idea for many reasons um so you know you're always asking me on the show but what about you like where do you see bitcoin's role in the world i i think it's got to evolve you know here's the thing i think we got bitcoin uh you got two things it's got to overcome a few tests right you know to prove itself um you know you know these transitions just don't happen overnight i think you taught me that and um and it's got opposition you know we talked i was talking earlier to you about these powerful entities that want to keep their power no matter what and a lot of their power is based on you know grievance and and animosity of people toward other people but the ultimate power of these world governments i mean imagine them giving up fiat currency golly like you know the notion that they couldn't print themselves out of a jam anymore whoa are you serious it's like you know i mean it's it's it's it's unthinkable it's unthinkable think about how much money has been printed in the last four years than the last 10 years just out of thin air between all these central banks imagine giving that up so now you really have to solve problems through serious belt tightening through years of recessions you know uh or or they would call them um uh with golly what was the name of them before you know they got rid of the name and and in the 1880s there were like four of these big giant great recession type periods oh man i don't know if it's the 80s maybe no no in the 1880s yeah depression nothing not depression golly they had a different name for it anyway they actually changed the name because it was so rough and that's when they came up this this is you know the federal reserve in the early 1900s and they were supposed to stop this boom bust cycle and they said if we ever have it again we're not going to call it that they said let's just call it a depression so anyway they would be these you know they had to ever have to gut it out if these countries ever had to gut it out you would talk about 12 years of recession you know there would be 20 years of depression and they they don't want to go through that so they're to fight tooth and nail to make sure bitcoin never achieves its ultimate potential doesn't mean they're going to be successful but they are going to fight tooth and now to make sure it never happens yeah i'm so ready for it i'm so ready i've got some lip gloss i've got a very sharp lip liner charles hey you can put a wick in that lip gloss lighting and throw it maybe you know okay there you go nobody you know the reason i say i'm ready for it is because um the last two years for me have just been so inhumane um you know you know forcing medical procedures and so on and so on so i think people are not just losing trust in the us dollar but they like you mentioned earlier they're losing trust in the establishment as a whole whether it's news media unfortunately you know i think cnn were very confused as to why people preferred joe rogan over cnn um that wasn't that much of a shocker um you know and also um you know the the medical industry now unfortunately people are losing losing faith in so in your opinion you know where do we go from here like how do we how do we heal as a society because we're becoming more divided um you know it was black versus white then it was vaccinated versus unvaccinated now it's like russia versus ukraine and you know if you don't say anything then you're pro-putin um you know it's it's just crazy it's like we we just have to we argue over everything and we just don't need to you know um i i think the uh you know you kind of you kind of answered it a little bit when you brought up brogan versus cnn so you're talking about right you're talking about uh one entity that used to you know that doesn't even get a million viewers versus one who gets 11 million um you know i think and i think it happens when we start to bypass all of these folks who tell us how to think and they tell us how to think not not out of altruistic reasons but to again to preserve their power all right so msnbc all day long oh my god just i didn't do they ever get tired of blaming trump for everything could they ever get tired of promoting hate do they ever get tired of it you know um might not come as a shock to you but i watched very little uh cable news or any news that it doesn't come as a shocking tool very little very little um you know when i'm not when i'm not working i love movies and um old tv shows i've been watching the original year of hawaii five of you ever want to find a great series i've been watching the first season of that that's some amazing tv anyway i digressed a little bit nah it's good but i think i think it'll happen you know as as we find a way to communicate and bypass the gatekeepers and the opinion makers and once we start to do that because people will find hey you know what i get a lot in common with this other person and and again i'm seeing it already you know uh you know i see it with my son who by the way went to university in london oh nice yeah yeah and he just had an art show this week and his best friend from london came over they're coming to the studio today oh amazing yeah so and then of course you know you know i looked at him and his friends you know his first girlfriend was from sweden his best friend another best friend was from the middle east another one was from africa and you go over there and you hang with them and you just kind of sit back and like you know they just love each other you know because of who they are and no one can make them not love each other and so as we get rid of those power structures that just live off that that crap um i think we'll have a reawakening in what we can do and achieve on our own and that's why i'm really if you ever see me on tv going off and politics is always on stuff like know like higher minimum wage stuff like that that you know just anything that keeps you dependent uh on on government anything that stops you from being able to nurture your god-given gifts because i believe everybody has god-given gifts but i think you know often you have to nurture them you have to see them find them nurture them and if you don't nurture them if you if you do a foul-stand deal and you keep them suppressed and in return you take free a higher minimum wage and free this and free that you've actually destroyed your life you've destroyed the gifts that you've never even led blossom in exchange for crumbs yeah i i totally agree with you i think that's such an eloquent way of putting it i also hate minimum wage it's so counterproductive um it literally screws the very people they're trying to help and i often wonder whether it's destruction by design right like whether they do this on purpose um to keep you dependent that's sort of the way the democrats look i don't know what do you think design op essence um you remember that term uh there's a term i think it's design ops ah oppolepsince uh golly now i'm mumbling here when things are designed to go become obsolete oh oh oh like they say about like apple and tech um um obsolete is my dad uses it what is it yeah it's it started back in i think yeah 60s early 60s or late 50s um designed obsolescence yeah yeah i think yeah yeah i think that's it so i think um i think this guy i want to say he was um anyway one of the auto executives uh talked about it and you know the cars were designed to work a certain amount of time and then break yes right so you have to buy another one and the same thing to your point with society you know it's designed a certain way because if you ever have to supersede the need to take their crumbs they're nothing they have nothing over you yeah you lose their job you don't have to vote for them yeah no i i i totally agree with you um i'd like to get your thoughts as well um on the current crypto regulation biden's executive order um i feel like the roles are turning right now this is what you would ask me but what are your thoughts charles on on biden's executive order uh you know what i was shocked at how many of my crypto guests thought it was good news i guess i guess it's um that's why you're my favorite crypto guest uh thank you i guess it's good in a sense that it's orderly yes right you know i mean you got you know it's not the wild wild west where everyone comes in like you know you imagine a town with 25 different sheriffs right and they all have their own rules like oh man hey what are you told you can drink out of there uh the sheriff so-and-so well you can't okay so maybe yeah you know maybe we'll get all of it down into one you know into one package and one set of rules but what the hell are those rules going to be so also if you saw the testimony of jay powell you know these are called the humphrey hawkins he goes up to congress and he speaks to congress to the house and then the senate oh my goodness i mean he was he was really talking about you know this need for this central bank digital currency elizabeth warren used all her time to rail against the nefarious evilness of bitcoin uh you know and yeah and that's something that's bipartisan you have people on both sides of the aisle so yeah you know what let's go where we've got to go i know in early may all of all the comments have to be in on the central bank cryptocurrency uh then after that they'll look at them and then i i would suspect in about a month after that we'll get the next move from the fed uh but i'm just a little i'm just a little anxious that's all i'm just a little anxious and i've already told you i just can't see them allowing this to blossom to its full potential without trying to sabotage it yeah i think we're in um that fight stage um which is just a phase um i think we will pass it anything new always goes through always goes through those stages i love your optimism oh thank you no it's true i think so i i really think so i think it's just you know i look at it also quite like philosophical like good will prevail and i think bitcoin is good i think it's humanitarian money um and you know um we're just going through a cycle right now right now we're hitting peak centralization but i don't think that will last um a guest on one of my shows said there's going to be a blow off top um in terms of um you know decentralization just blowing through because because it's become too much um and yeah i think it's gonna be really interesting i'm kind of grateful actually that i'm living at during a time where we can witness all of this right right yeah um but just finally um two more questions for you some if somebody had to do 50 000 clear and free today um and you have a choice to either buy bitcoin or buy gold and you have to hold it for 10 years which are you buying charles i would buy bitcoin why i think it's got more upside potential uh you know i i you know you know i've i've got boats i probably haven't uh i got more money into gold only because i was buying it a long time ago yeah that makes sense uh and every now and then and i like by the way i like the gold bars right i mean i have two nothing but you know the big ones the things like you know yeah the only thing is i don't know where they are like my wife took them put them somewhere and i keep saying like you know where's my goal no i got it i i'm like can i get my gold please anyway um you need better self-custody charles come on oh yeah yeah so i would you know i i think gold will have a position but i think like you i think bitcoin has so much upside potential so definitely i would buy bitcoin over gold if i had to buy one or the other right now that's a good one um and then just finally um given everything that we've spoken about um and it's been a great conversation um what would be your number one advice uh your top you know the top sort of line that you would say to people wanting to make it in this world um sort of feeling like you know everything sort of against them right now and you know looking to rise above their circumstances what would be the number one piece of advice you'd give them i i uh you have to make it you really have to make it happen um it's not there's it's not going to come out of fairness of the system uh there are going to be people that you meet who are going to be incredibly kind and generous you don't know where they're going to be you know who they're going to be uh you know and and i've been so fortunate that every now and then while there was a teacher you know here or a person there but just every now and then someone just kind of nudged me a little bit so that's going to happen people should know that's going to happen but none all of this happens when you stay in the fight when you stay in the fight and you're committed to being a better version of you you're gonna succeed and again you can go down you can go sideways but if you still go home that night and do your work and do your research and you put in the extra time if you're a better version of yourself every single day you're going to make it charles i want to thank you so much it's been such a pleasure speaking with you i love your your intellect i like your passion your hustle your drive your love of personal responsibility and you know your respect i think we need more of that in this world um i think absolutely brilliant so thank you so much for coming on thank you so much yeah you're you're fantastic too i'm glad to know you the leia fan show sponsored by step finance your go-to d5 portfolio manager on solana luno if you're just getting into bitcoin it's the perfect place to start
2022-03-24 09:41
