Back to episode — Episode 2767 CWSA 03/03/25
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in America you can maybe trust them a little bit more but even here it's kind of tough. No, cars will sometimes just turn on people and attack them. Wait, what? Oh there was a person driving a person? Well that wasn't in the headline. I thought it was just the car attacked. Well all right, I'm not interested in that story because that's the whole story. Some terrorist in a car, I assume, drove int…
← Previous segment →rs you've got a whole colony. It's got oxygen and somehow protected from the elements. I don't know how you do that. But it does make me wonder if this is the beginning of something big, robots making robots.
Trump is his usual showman and he's announced that he's going to have a crypto reserve. So he's got some interesting teases today. He's going to have a crypto reserve in the government and it would include the obvious Bitcoin and Ethereum but also XRP and ADA. And I don't know anything about those. But here's the thing you should know. That's probably the only way America can survive. If you think well this is sort of unnecessary and why does he need to be so interested in crypto, it's because you're missing something big.
It's unlikely that we'll be able to pay off $35 trillion but we will be able to inflate it until it's not worth that much. The only thing that'll have value at some point will be crypto. So crypto will go up if it's the right kind. This doesn't apply to every crypto but Bitcoin is artificially limited by the math of it so the value of a Bitcoin will just keep going up.
So I don't make recommendations for your investments. That's not my role and I'm bad at it. But I do say you should diversify. So diversification is the only financial recommendation I make because that's the one everybody agrees with. There's nobody in the world who disagrees with diversifying. So you should at least do your own research and see if owning some Bitcoin or Ethereum, maybe I don't know as much about Ethereum but not ether. What is it? Ethereum. Not ethernet. Ethereum. Sorry I said ethernet instead of Ethereum. So I would look into it.
So my own strategy is I own some just in case but it's not a big part of my portfolio. At some point it might be all of it just because it increases in value.
The CEO of Bank of America says that as soon as it's legal to launch a stable coin he's going to do it. Now a stable coin would be a crypto that is pegged to the dollar. So if you want to buy something your stable coin, whichever one you create, would have the same value as the dollar and it would just always stay the same. But I'm not sure I'd want one of those. I mean maybe it's good for some transactions but if it decreases in value as the dollar devalues with inflation, I don't know that I'd ever want to hold a stable coin. Seems like the opposite of good financial management. But maybe I'm missing something. Again don't take my advice for anything financial.
I guess tomorrow, is it tomorrow or today, that DOGE is going to give the first initial findings about the Department of Defense. Now remember when Elon Musk was on Joe Rogan and he said that if anybody really knew the degree of corruption, if he said it he couldn't even say the source of the cor
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ruption, he would be murdered. And he's not joking. I mean he's not joking. He does mean that and he would be close enough to reality to know that that's true. So the real dangerous one, the most dangerous, is the Department of Defense. Now think about this. The Department of Defense has never passed an audit and the NGOs are like just a black box. When money goes to an NGO nobody knows what happ…
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