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We've just crossed into 
uncharted territory in OG and 

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hedge fund manager said that we 
just tripped a major wire that 

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requires the Fed to act unless 
it risked the entire system 

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00:00:09,920 --> 00:00:12,000
collapsing. 
He says that it holds too few 

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bank reserves relative to GDP in
order to maintain a healthy 

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system. 
Excess liquidity in the system 

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is drying up at record pace. 
The Feds repo facilities, its 

8
00:00:21,880 --> 00:00:26,080
shock absorbers are down 99% and
have just $5 billion in 

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00:00:26,080 --> 00:00:27,720
reserves. 
What does this mean? 

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00:00:27,760 --> 00:00:29,920
I thought that we had a 
capitalistic system. 

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I thought that we had free 
markets. 

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No, they always need to 
intervene. 

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The system is a Ponzi, and we 
will cover exactly what the Fed 

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00:00:38,000 --> 00:00:40,640
and the Treasury is going to 
need to do in order to cover up 

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00:00:40,640 --> 00:00:43,040
the holes between now and 
midterm elections. 

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This is Dante Koch with Bitcoin.
Simply let's go all right, let's

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00:00:50,120 --> 00:00:53,680
get started with the juicy news.
Hedge fund manager in OG James 

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00:00:53,680 --> 00:00:56,960
Lavish put out a fire newsletter
in his publication the 

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00:00:56,960 --> 00:00:59,840
informationist this morning. 
He basically laid out the case 

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for why the Fed is screwed while
liquidity is drying up in what's

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00:01:02,880 --> 00:01:05,360
going to happen next. 
The reverse repo facility 

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basically the feds shock 
absorber is down 99% from 

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trillions of dollars to just 5 
billion over the last several 

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years. 
In fact, it's fallen from 600 

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billion to just 5 billion today 
and that's just in a matter of 

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10 months. 
At the same time, he highlights 

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that reserves are down and are 
dwindling. 

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They've fallen by over a 
trillion dollars in the last two

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years. 
This is Money that the banks 

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00:01:26,400 --> 00:01:29,600
hold in reserve at the Fed. 
And he goes on to highlight 

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another crucial fact. 
The spread between the sulfur or

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00:01:32,920 --> 00:01:36,320
the overnight fed funds rate and
the effective federal funds rate

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is blowing out, which means that
there's less liquidity in the 

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system and people are unwilling 
to take free money when it's 

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offered to them. 
And if we're starting to figure 

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this out, it's a fact that 
Jerome Powell knows that this is

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happening, too, which is why he 
probably probably is signaling 

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that we're moving from 
quantitative tightening to 

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00:01:52,400 --> 00:01:55,480
quantitative easing. the Fed has
no choice but to print. 

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00:01:55,560 --> 00:01:58,840
It can do this several ways, 
increasing the money supply 

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00:01:58,920 --> 00:02:01,720
broadly into the markets. 
They can raise capital by 

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00:02:01,720 --> 00:02:05,520
raising the repo rates, allowing
the banks to earn more money on 

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00:02:05,520 --> 00:02:07,640
the money that they're able to 
print out of thin air, which 

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00:02:07,640 --> 00:02:10,160
they will use to buy Treasuries 
to fund the debt that the United

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States government has. 
Another form of printing. 

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00:02:12,680 --> 00:02:14,000
Oh, yeah. 
Because the United States 

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government is burdened with 
debt, $37.9 trillion worth of 

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debt. 
It's grown $1.7 trillion since 

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the ceiling was lifted in July. 
That's $425 billion every month,

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00:02:23,720 --> 00:02:27,440
or $25 billion a day, roughly. 
The train isn't stopping. 

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00:02:27,440 --> 00:02:30,360
And this was explained in an 
awesome clip and segment from a 

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great episode that happens every
Friday between Jordy Visser and 

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00:02:33,560 --> 00:02:36,440
Anthony Pompliano. 
Jordy Visser lays out exactly 

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00:02:36,440 --> 00:02:38,920
what's going on and what James 
Lavish explained in his 

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00:02:38,920 --> 00:02:40,600
newsletter. 
This is part of fiscal 

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dominance. 
This is what you have to 

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understand. 
I don't even know the best way 

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00:02:44,200 --> 00:02:47,240
to describe it because there's a
lot of terms like Sofur, the 

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standing repo facility. 
Let's just say you're a 

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00:02:49,960 --> 00:02:53,600
homeowner and all of a sudden 
you have a lot of bills coming 

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00:02:53,600 --> 00:02:56,720
at the same time and you're 
scrambling to get cash because 

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00:02:56,720 --> 00:02:58,600
you don't have enough cash 
sitting around. 

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00:02:58,600 --> 00:03:01,040
That's kind of where the 
financial system is right now in

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00:03:01,040 --> 00:03:03,560
the US. 
There's a certain threshold 

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level of where bank reserves 
need to be. 

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00:03:05,560 --> 00:03:07,600
And if it goes below that, the 
banks will have to kind of rush 

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00:03:07,600 --> 00:03:09,640
for cash and go through it. 
So there's been this pressure 

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00:03:09,640 --> 00:03:12,920
which normally happens every 
quarter end, but it's happened 

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00:03:12,920 --> 00:03:14,080
now. 
And I think part of the reason 

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00:03:14,080 --> 00:03:16,520
it's happened now is because of 
the first brands and Tricolore, 

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which when you're really tight 
to the level, you end up with a 

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lot of kind of people scrambling
around. 

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So all of a sudden SOFR, which 
has to do with overnight, let's 

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00:03:25,800 --> 00:03:30,320
say collateral back securities, 
the spread has gotten extremely 

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00:03:30,320 --> 00:03:33,240
high, which says there's 
problems going on. 

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00:03:33,240 --> 00:03:35,400
Jerome Powell said this week 
we're probably going to have to 

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stop QT. 
So for everyone out there that 

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00:03:37,880 --> 00:03:41,480
got them kind of freaking out, 
the problem is guess what 

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00:03:41,480 --> 00:03:45,080
checkmate. 
You got the Fed QT, they're 

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00:03:45,080 --> 00:03:49,920
buying the bonds from the 
Treasury and the Treasury needs 

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00:03:49,920 --> 00:03:54,000
to issue lots of debt because 
the debt didn't get any better 

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00:03:54,000 --> 00:03:56,240
this year. 
So remember when we started the 

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00:03:56,240 --> 00:03:58,320
year, there's a debt deficit, 
you know, problem. 

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00:03:58,320 --> 00:04:02,000
We did dodge all this stuff. 
Nothing has solved the problem. 

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00:04:02,280 --> 00:04:04,400
And so we have these revenues 
coming in on the tariff. 

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00:04:04,400 --> 00:04:07,280
That's all well and good, but we
still have the Treasury issuing 

87
00:04:07,280 --> 00:04:08,800
lots. 
And this gets back into the 

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00:04:08,800 --> 00:04:12,600
Michael Howell thing, which is 
we have a lot due this year, we 

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00:04:12,600 --> 00:04:15,320
have a lot due next year. 
And so this puts pressure under 

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00:04:15,320 --> 00:04:17,720
the Fed and that's why they 
can't let the runoff happen 

91
00:04:17,720 --> 00:04:20,120
anymore. 
And that just means that they're

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00:04:20,120 --> 00:04:23,200
going to be in the market easing
liquidity whenever these happen.

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00:04:23,200 --> 00:04:26,120
So I don't think this is a one 
off shock because what's causing

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00:04:26,120 --> 00:04:29,000
the first brands in the 
Tricalore, it's the K shaped 

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00:04:29,000 --> 00:04:31,560
economy. 
We have a problem guys. 

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00:04:31,560 --> 00:04:33,880
And unless the labor market gets
better, which is not going to 

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00:04:33,880 --> 00:04:37,400
happen with AI into the midterm 
elections, they're going to have

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00:04:37,400 --> 00:04:39,800
to juice the system. 
Another reason to be positive on

99
00:04:39,800 --> 00:04:42,480
Bitcoin. 
So regional banks. 

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00:04:42,600 --> 00:04:44,560
We all know that this leads to 
money printing. 

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00:04:44,640 --> 00:04:47,520
We all know that the system is a
Ponzi and that the winners are 

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00:04:47,520 --> 00:04:50,320
predetermined. 
We live in AK shaped economy and

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00:04:50,320 --> 00:04:53,200
the government is so large that 
it cannot let the system fail. 

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00:04:53,360 --> 00:04:56,360
The system is financialized and 
the system is the equity 

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00:04:56,360 --> 00:04:58,320
markets. 
They cannot crash. 

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00:04:58,400 --> 00:05:01,800
We must move to a new system, 
not through collapse, but 

107
00:05:01,800 --> 00:05:05,720
through a slow and gentle 
deflation into another system 

108
00:05:05,720 --> 00:05:07,560
completely. 
And we know what that new system

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00:05:07,560 --> 00:05:09,880
is going to be. 
The Fiat system is a Ponzi 

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00:05:09,880 --> 00:05:12,680
scheme. 
It is of course, but the 

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00:05:12,680 --> 00:05:17,640
government was 7 trillion of 
debt in 2007 when Michael Bury 

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00:05:17,640 --> 00:05:20,320
challenged the system. 
When George Soros challenged the

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00:05:20,320 --> 00:05:24,160
system or Druckenmiller 
challenged the system, they were

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00:05:24,160 --> 00:05:28,160
big relative to the system. 
Now the government is $37 

115
00:05:28,160 --> 00:05:35,000
trillion, it's 120% of GDP. 
They can't allow it to go under,

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00:05:35,000 --> 00:05:36,880
and they have tools that were 
created. 

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00:05:36,880 --> 00:05:40,680
We still have QT. 
We weren't supposed to have QE 

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00:05:40,680 --> 00:05:42,640
for more than a year after we 
did it. 

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00:05:42,840 --> 00:05:44,480
Bernanke told us it wouldn't be 
here. 

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00:05:44,640 --> 00:05:47,440
So for everyone kind of going 
through this, unfortunately for 

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00:05:47,440 --> 00:05:50,760
all of you, it is not only a 
Ponzi scheme, but the end game 

122
00:05:50,760 --> 00:05:53,360
is not at crashing. 
The end game is it being 

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00:05:53,360 --> 00:05:56,440
replaced by the new system. 
The new system is stablecoins, 

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00:05:56,440 --> 00:05:58,920
the new system is Bitcoin. 
The new system is tokenization. 

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00:05:59,360 --> 00:06:02,480
All of this is coming and next 
year is going to be a boom year 

126
00:06:02,480 --> 00:06:05,680
for all of those things. 
Right now, that system has 

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00:06:05,680 --> 00:06:08,640
rewarded the people who own the 
hardest assets in the 20th 

128
00:06:08,640 --> 00:06:11,360
century, which is gold, which 
has been the best performing 

129
00:06:11,360 --> 00:06:14,280
asset over the past 20 years, 
minus Bitcoin. 

130
00:06:14,520 --> 00:06:18,360
Over the last two years, gold 
has moved from 4% to 6% of all 

131
00:06:18,360 --> 00:06:22,280
the investable assets. 
But before it was at 22% of 

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00:06:22,280 --> 00:06:24,880
investable assets, meaning that.
But the world has moved away 

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00:06:24,880 --> 00:06:28,640
from its desire to want hard and
scarce assets, and people still 

134
00:06:28,640 --> 00:06:31,520
don't seem to understand the 
importance of hard and scarce 

135
00:06:31,520 --> 00:06:33,680
assets. 
Listen to this clip between 

136
00:06:33,680 --> 00:06:36,880
Andrew Ross Sorkin, Bill Meyer 
and Mark Cuban. 

137
00:06:37,200 --> 00:06:39,960
Gold prices hit records high 
this week. 

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00:06:40,000 --> 00:06:41,960
Oh, they did. 
Yes, they did. 

139
00:06:42,280 --> 00:06:47,040
Oh, and that, that that didn't 
sound good. 

140
00:06:47,040 --> 00:06:50,880
That's not a good sign. 
Usually gold goes up. 

141
00:06:50,920 --> 00:06:52,600
It's good if we're decorating 
the White House. 

142
00:07:01,480 --> 00:07:04,320
Gold goes up when you're worried
about the value of the dollar 

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00:07:04,320 --> 00:07:06,280
going down. 
That's the equation. 

144
00:07:06,280 --> 00:07:09,040
What has the dollar done? 
But people go to gold when they 

145
00:07:09,040 --> 00:07:13,560
are scared, right? 
Yes, it's so it's so crazy gold.

146
00:07:13,720 --> 00:07:15,600
I mean it's so anti. 
I mean, what are you going to do

147
00:07:15,600 --> 00:07:17,120
with gold, right? 
Walk around with a bar and hit 

148
00:07:17,120 --> 00:07:20,800
somebody over the head, you 
know, And then it's like, no. 

149
00:07:20,800 --> 00:07:24,600
And also like, I mean, I think I
have some gold in My Portfolio. 

150
00:07:24,600 --> 00:07:26,560
I don't actually have it in my 
right. 

151
00:07:26,560 --> 00:07:28,720
It's just says it's still 
something just right on, right? 

152
00:07:28,760 --> 00:07:30,000
Still digital, right? 
Yeah, right. 

153
00:07:30,000 --> 00:07:33,360
It's still like I own gold. 
Like I said, gold has performed 

154
00:07:33,360 --> 00:07:35,560
fantastically. 
It's outperformed every asset in

155
00:07:35,560 --> 00:07:38,720
the market over the last 20 
years except Bitcoin, and the 

156
00:07:38,720 --> 00:07:40,720
numbers aren't even close. 
And that's because we're 

157
00:07:40,720 --> 00:07:44,400
transitioning between analog 
assets to digital assets, from 

158
00:07:44,400 --> 00:07:46,560
physical capital to digital 
capital. 

159
00:07:46,720 --> 00:07:48,840
And the world has yet to 
understand that Bitcoin is going

160
00:07:48,840 --> 00:07:51,280
to be the big winner from this. 
The Sky's the limit. 

161
00:07:51,520 --> 00:07:54,560
We haven't even been close to a 
stimulatory environment since 

162
00:07:54,560 --> 00:07:57,880
Donald Trump has taken office. 
We've had high CPI prints 

163
00:07:57,880 --> 00:08:01,200
instead of low CPI prints. 
We've had tariffs instead of tax

164
00:08:01,200 --> 00:08:03,520
cuts. 
We've had wars instead of peace.

165
00:08:03,520 --> 00:08:06,520
With AI going to increase 
productivity in earnings in 

166
00:08:06,520 --> 00:08:09,400
these publicly traded companies,
the Sky's the limit for what's 

167
00:08:09,400 --> 00:08:11,520
going to happen. 
In addition to the Fed entering 

168
00:08:11,520 --> 00:08:14,560
into a QE policy, the race is 
going to be on to acquire more 

169
00:08:14,560 --> 00:08:17,840
Bitcoin, and there will be a new
price discovery that we can't 

170
00:08:17,840 --> 00:08:19,960
even fathom right now. 
When this price discovery 

171
00:08:19,960 --> 00:08:21,480
happens, it's going to happen 
quickly. 

172
00:08:21,480 --> 00:08:24,760
The reason I'm buying Bitcoin is
because I think when we get 

173
00:08:24,760 --> 00:08:27,960
through the all time highs again
and basically get rid of this 

174
00:08:27,960 --> 00:08:31,200
four year cycle belief, now 
there's no imaginary place for 

175
00:08:31,200 --> 00:08:34,480
people to ever again care about.
And that's normally what happens

176
00:08:34,480 --> 00:08:38,120
in equity markets. 
And oh, by the way, 2017 was the

177
00:08:38,120 --> 00:08:40,919
end of the Donald Trump tax 
cuts. 

178
00:08:41,640 --> 00:08:44,039
We've had tariffs this year. 
We've had bad stuff happen this 

179
00:08:44,039 --> 00:08:46,040
year. 
The equity market in 18 was bad 

180
00:08:46,160 --> 00:08:48,400
at one point. 
It was down 20% year to date in 

181
00:08:48,400 --> 00:08:51,120
December. 
In 2022, the equity market was 

182
00:08:51,120 --> 00:08:52,520
down. 
So the one thing about the 

183
00:08:52,520 --> 00:08:55,280
Bitcoin having cycle, it seems 
to have been trading with 

184
00:08:55,280 --> 00:08:58,680
traditional finance markets. 
So when you say that bitcoins 

185
00:08:58,680 --> 00:09:00,560
for your cycle is going to play 
out next year, you're also 

186
00:09:00,560 --> 00:09:02,720
embeddedly saying you don't 
believe in AI and you don't 

187
00:09:02,720 --> 00:09:04,560
believe profit margins are 
coming and you don't believe the

188
00:09:04,560 --> 00:09:06,480
earnings are going to be higher 
and the S&P is going to go 

189
00:09:06,480 --> 00:09:07,960
higher and you don't believe 
that the Fed's going to cut 

190
00:09:07,960 --> 00:09:09,320
interest rates. 
Yeah, exactly. 

191
00:09:09,320 --> 00:09:10,640
The Fed's going to cut rates, 
but. 

192
00:09:10,760 --> 00:09:13,520
It's not going to come without 
volatility, something that 

193
00:09:13,520 --> 00:09:16,680
Samson Mao calls his Max Payne 
theory and that the biggest 

194
00:09:16,680 --> 00:09:18,640
winners are going to be the 
people that are able to most 

195
00:09:18,640 --> 00:09:21,160
tolerate those extreme levels of
volatility. 

196
00:09:21,240 --> 00:09:22,960
But we'll get to that right 
after the break. 

197
00:09:23,040 --> 00:09:25,400
If you've been stacking Bitcoin 
relentlessly over the past 

198
00:09:25,400 --> 00:09:27,680
several years, but don't want to
let go of your Bitcoin, well, 

199
00:09:27,680 --> 00:09:29,720
you're not alone. 
And that's why let him was 

200
00:09:29,720 --> 00:09:33,120
created for people like you who 
don't want to sell their Bitcoin

201
00:09:33,120 --> 00:09:36,280
but want to borrow against the 
value that's being created in 

202
00:09:36,280 --> 00:09:38,800
purchasing their Bitcoin. 
You're able to secure Bitcoin 

203
00:09:38,800 --> 00:09:42,760
back loans that payout in Fiat 
up to 50% loan to value. 

204
00:09:42,760 --> 00:09:46,240
So if you want a $1000 Fiat 
loan, you post $2000 in Bitcoin 

205
00:09:46,240 --> 00:09:47,960
collateral. 
Fiat gets in your account in 

206
00:09:47,960 --> 00:09:51,320
less than six hours. 
The takes less than two minutes 

207
00:09:51,360 --> 00:09:55,520
and there's no credit checks. 
Rates start at just 12.4% and 

208
00:09:55,520 --> 00:09:58,520
your Bitcoin is held in cold 
storage and not rehypothecated 

209
00:09:58,520 --> 00:10:01,680
in any way. 
Go to learn dot leaden dot AO to

210
00:10:01,680 --> 00:10:05,000
get started with rates that 
start at just 12.4%. 

211
00:10:05,000 --> 00:10:08,320
But you get .25% off your first 
loan by using the promo code 

212
00:10:08,320 --> 00:10:12,160
simply or going to learn dot 
leaden dot AO slash simply. 

213
00:10:12,320 --> 00:10:14,680
One of the ways you can continue
to grow in your sovereignty is 

214
00:10:14,680 --> 00:10:16,920
by removing your Bitcoin from 
exchanges. 

215
00:10:17,000 --> 00:10:19,440
But don't do it alone. 
Schedule a free consultation 

216
00:10:19,720 --> 00:10:22,400
with a coach who can help you to
learn how to do this privately, 

217
00:10:22,640 --> 00:10:25,840
safely, securely, and 
confidently so that you can pass

218
00:10:25,840 --> 00:10:28,680
on your Bitcoin to your 
children's children and future 

219
00:10:28,680 --> 00:10:31,760
generations in a way that's 
safe, in a way that's proven, in

220
00:10:31,760 --> 00:10:34,680
a way that's reliable, and in a 
way that you can trust. 

221
00:10:34,680 --> 00:10:36,760
A coach will help you to do this
step by step. 

222
00:10:36,760 --> 00:10:39,360
Schedule a free 30 minute 
consultation with the team at 

223
00:10:39,360 --> 00:10:43,240
The Bitcoin Way by going to the 
bitcoinway.com/simplybitcoin. 

224
00:10:43,320 --> 00:10:46,560
I also have another theory 
called Max Payne theory and that

225
00:10:46,560 --> 00:10:49,880
is like the most painful outcome
for the most people is the most 

226
00:10:49,880 --> 00:10:53,160
likely outcome. 
So if we think that Bitcoin 

227
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volatility is always going to be
low and we just gradually stair 

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step up to 1,000,000 and to 10 
and to dollar parity with Sats, 

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that is the best case for the 
world. 

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Everyone has a long time frame 
to accumulate. 

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Everyone has time to buy and I 
don't think that's going to be 

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the case and I think a lot of 
people realize this. 

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If you look at Sailor and 
strategy, he's buying any time 

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like it. 
It doesn't matter if it's a top.

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He's doesn't care about dips 
because there is this urgency 

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because the time is running out 
to buy Bitcoin at these low 

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prices. 
So we're going to see a fast run

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up and gold is a good parallel 
for what we're likely to 

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experience with Bitcoin. 
If you look at the picture 

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circulating right now on the 
Internet, there are people 

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lining up forming queues to buy 
gold and gold is at an all time 

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high. 
So nobody wants Bitcoin when 

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it's in the low 100 KS. 
But once we get to like half 

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$1,000,000 per Bitcoin, I think 
the world's going to wake up, 

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central banks are going to wake 
up, and nation states are going 

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to start joining the race. 
And that's when you go to 

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1,000,000 very quickly and 
beyond. 

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Samson mentioned Sailor in this 
clip, highlighting one simple 

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fact that the people that tend 
to be the biggest winners are 

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the ones that have a relentless 
focus and drive and are able to 

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do a simple thing consistently 
over a long period of time. 

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And that's why Michael Saylor 
says that the most important dot

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is always the next one. 
He continues to stack 

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relentlessly. 
But Michael, Michael Sailor 

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might be a little bit crazy for 
you. 

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So here's a couple of other 
indicators to show you why the 

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market is about to have a melt 
up before it has a meltdown. 

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On Friday morning, the VIX 
jumped above 28. 

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Every time that the VIX has 
jumped above 28 and it's been 

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within 3% of all time highs, 
Well, we've had some fireworks 

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afterwards. 
This happened in 1999, in 2020 

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and 2021. 
One year later, the market's up 

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on average 21% after these sorts
of events. 

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And one other thing that tends 
to happen is that when gold runs

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Bitcoin sprints, we said this on
the show a lot, but also when 

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gold finds a local top or a new 
top, well, assets tend to rotate

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into Bitcoin. 
In fact, in 2020, when gold 

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reached a local market top 
around $2000 an ounce, well, a 

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lot of that money rotated into 
Bitcoin and Bitcoin was up 550% 

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after gold reached that local 
top. 

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Are we near topping gold? 
That remains to be seen, but 

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still, when gold runs, Bitcoin 
sprints, and gold has had a year

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for the ages. 
In fact, it's been his best 

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performing year, up over 65% 
since 1979 when it was up over 

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126%. 
History doesn't repeat, but it 

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rhymes and it's leaving a lot of
clues and making a good beat 

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right now. 
It appears that through the end 

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of this year and through the 
middle of next year when midterm

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elections come around, there's a
lot of reasons to be bullish on 

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assets like Bitcoin and why 
Bitcoin is most likely to be the

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biggest winner when it comes to 
QE. 

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When it comes to the Fed being 
backed into the corner and 

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needing to unleash liquidity 
into markets when it goes to tax

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cuts from tariffs, the market is
going to be incredibly 

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stimulatory and the hardest 
assets that also have a digital 

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00:13:59,240 --> 00:14:02,040
backing like Bitcoin are going 
to be the biggest winners. 

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Don't overcomplicate the trade, 
stay humble and stack sets and 

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00:14:05,800 --> 00:14:08,520
continue to build this digital 
network and knowledge around 

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00:14:08,520 --> 00:14:11,520
Bitcoin in real life by going to
conferences like the Mining 

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00:14:11,520 --> 00:14:14,720
Disrupt conference in November. 
About a month from now, from 

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00:14:14,720 --> 00:14:17,240
November 11th through November 
13th, some of the largest 

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00:14:17,240 --> 00:14:20,040
Bitcoin miners and manufacturers
and keepers of the network are 

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00:14:20,040 --> 00:14:22,800
going to be down in Dallas, TX. 
Most of them will likely have 

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used the promo code simply 
Bitcoin to get 20% off their 

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00:14:25,680 --> 00:14:27,840
ticket. 
But if you haven't done so, go 

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00:14:27,840 --> 00:14:30,240
ahead and do it. 
Use the promo code simply 

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00:14:30,240 --> 00:14:32,680
Bitcoin for 20% off your ticket.
And if you haven't already 

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00:14:32,680 --> 00:14:34,160
subscribed to the channel, do 
so. 

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00:14:34,400 --> 00:14:36,840
Share this video if you continue
to get value from these 

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00:14:36,840 --> 00:14:38,960
episodes. 
This is Dante Coco Bitcoin 

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00:14:38,960 --> 00:14:40,640
simply happy stacking.