Manage episode 342365987 series 1333789
On Today's Episode:
Given the current global economic crisis we’re all living through, it’s safe to say that something is broken with our traditional models of government and economics. Today’s guest is not shy about calling it out for what it is as we experience unprecedented times with unprecedented levels of public intervention.
Michael Saylor is an entrepreneur and business executive. He’s the executive chairman and co-founder of MicroStrategy. After recently stepping down from his role as the CEO of MicroStrategy after 30 plus years, he’s sharing his unique perspective of what it means to survive our current global crisis. MicroStrategy is the biggest publicly traded corporate owner of bitcoin with close to 130,000 BTC.
There’s a necessity for you to understand money, understand how to protect your balance sheet, and understand your property rights. For some of us, it is riskier to stay where you are when considering to what extent governments are suppressing the free market, controlling your assets, and manufacturing metrics that don’t reveal the true picture
The most important decision for you to make at this point is where to place your assets and store value. Will you choose to store your assets and build value in things like real estate and gold that can be seized, taxed and controlled by the government, or will you consider what you can achieve by storing your assets through bitcoin?
Check out Michael Saylor’s Free Education (Courses and certifications): https://www.saylor.org/
0:00 | Introduction to Michael Saylor
0:38 | MicroStrategy’s Winning Strategy
10:29 | Policy Wars Do This To Inflation
19:55 | Suppressing the Free Market
31:03 | FIAT Money & Government Intervention
45:30 | What is ESG Policy?
56:26 | Top Down Central Government
1:07:51 | Keep Your Assets Out of Reach
1:22:08 | Watch Out for These Rules of Thumb
1:40:47 | Irreversible Transactions in Cyberspace
“When you buy something that everybody else understands to be good at the same time they all agree with you, it’s normally bad.” [7:37]
“When a government declares a war, they basically put public policy and initiatives ahead of the free market.” [11:21]
“The road to hell is paved in good intents.” [15:29]
“Anybody you know that’s a billionaire, [...] the Jeff Besos, the Elon Musks of the world, they didn’t get there without holding an asset that had technical potential for a decade or longer, there is no get rich quick schemes.” [18:53]
“War is a suppression of the free market to the benefit of the public organization.” [20:56]
“We have a set of metrics that are manufactured metrics, and then we focus on them and then we talk about them, but ultimately what you have is an economy that has been distorted...” [26:10]
“The U.S. primary expert is inflation, and it’s a good situation, [...] we get products or services in return for exporting the dollar.” [50:45]
“A terrifying thing becomes an excuse for the government to encroach more on freedom.” [1:00:10]
“The big idea of the last two years is, every individual needs to become macroeconomically sophisticated and politically sophisticated.” [1:19:42]
“Once you understand money, you understand bitcoin is engineered money and it’s engineered without defects.” [1:34:46]
“Cyberspace is a political construct and it is not a physical construct. Money in cyberspace is political money.” [1:48:08]
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