{"id":1068,"date":"2022-05-05T11:26:17","date_gmt":"2022-05-05T11:26:17","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/05\/05\/ricardo-salinas-bitcoin-masterclass-part-1-fiat-fraud-w-keiser-herbert\/"},"modified":"2022-05-05T11:26:17","modified_gmt":"2022-05-05T11:26:17","slug":"ricardo-salinas-bitcoin-masterclass-part-1-fiat-fraud-w-keiser-herbert","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/05\/05\/ricardo-salinas-bitcoin-masterclass-part-1-fiat-fraud-w-keiser-herbert\/","title":{"rendered":"Ricardo Salinas\u2019 Bitcoin Masterclass, Part 1: Fiat Fraud &#8211; w\/ Keiser &#038; Herbert"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight: 400;\">By now, Mexican billionaire Ricardo Salinas is a bitcoin staple. His <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-2022-recap-thiel-salinas-keiser-mallers\/\"><span style=\"font-weight: 400;\">keynote at the Bitcoin 2022 conference<\/span><\/a><span style=\"font-weight: 400;\"> was the discuss of the city, and the truth that <\/span><a href=\"https:\/\/bitcoinist.com\/im-putting-my-billion-in-bitcoin-billionaire-ricardo-salinas\/\"><span style=\"font-weight: 400;\">he has 10% of his assets in bitcoin<\/span><\/a><span style=\"font-weight: 400;\"> can\u2019t be ignored. After all, he\u2019s reportedly the third richest individual in Mexico, in order that 10% in all probability represents an ungodly quantity. And right this moment, we\u2019re going to dissect this Ricardo Salinas interview by Max Keiser and Stacy Herbert from his non-public jet.<\/span><\/p>\n<p><p class=\"responsive-video-wrap clr\"><iframe loading=\"lazy\" title=\"Mexican Billionaire Ricardo Salinas: Private Jet Bitcoin Interview w\/ Max Keiser &amp; Stacy Herbert\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/MU8gtsp-jAg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<\/p>\n<p><span style=\"font-weight: 400;\">That\u2019s proper, Keiser and Herbert reworked the airplane journey that culminated in <\/span><a href=\"https:\/\/bitcoinist.com\/billionaire-ricardo-salinas-visits-el-salvador\/\"><span style=\"font-weight: 400;\">this El Salvador visit<\/span><\/a><span style=\"font-weight: 400;\"> into content material. This interview is so stuffed with jewels that we\u2019re going to have to interrupt it into elements. Consider the next article a companion piece to the video, which it&#8217;s best to positively watch. We are going to concentrate on Bitcoin and the present monetary system, however the three characters focus on different matters like Ricardo Salina\u2019s social media presence, Venice, and the which means of the phrase \u201cpendejo.\u201d<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Ricardo Salina\u2019s Bitcoin Story<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">How did a born-with-a-silver-spoon Mexican entrepreneur uncover bitcoin? \u201cMy father and I have always been very conscious about how the monetary debasement was going on,\u201d begins Ricardo Salinas, after confessing each of them had been \u201cgold bugs.\u201d During the interview, Salinas doesn\u2019t utter one dangerous phrase about gold, which he doesn\u2019t think about bitcoin\u2019s competitors. On the opposite hand, he at all times refers back to the present system as \u201cThe fiat fraud.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ricardo Salinas first purchased bitcoin as a commerce, and out of the blue realized it was even higher than gold due to its inherent traits:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Finite challenge<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Self custody<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Unseizable<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Still, Salinas considers bitcoin \u201can asset that you can trade. It\u2019s an asset, just like an Apple stock or a gold bar.\u201d Later on, although, when evaluating bitcoin to gold Salinas says that bitcoin is\u00a0 \u201ca better asset because it can be more secure, it can be more portable (\u2026) it\u2019s more divisible, verifiable. It\u2019s just a better asset in many ways.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And he\u2019s proper, bitcoin is an asset. Nevertheless, it\u2019s additionally a lot extra.<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-180249 aligncenter\" src=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2022\/05\/BTCUSD_2022-05-05_07-34-36-640x356.png\" alt=\"BTCUSD price chart for 05\/05\/2022 - TradingView\" width=\"640\" height=\"356\" srcset=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2022\/05\/BTCUSD_2022-05-05_07-34-36-640x356.png 640w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2022\/05\/BTCUSD_2022-05-05_07-34-36-980x545.png 980w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2022\/05\/BTCUSD_2022-05-05_07-34-36-768x427.png 768w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2022\/05\/BTCUSD_2022-05-05_07-34-36-750x417.png 750w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2022\/05\/BTCUSD_2022-05-05_07-34-36.png 1012w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\"\/><\/p>\n<pre style=\"text-align: center;\">BTC worth chart for 05\/05\/2022 on Bittrex | Source: BTC\/USD on <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"noopener\">TradingView.com<\/a><\/pre>\n<h2><span style=\"font-weight: 400;\">Salinas On El Salvador And The Fiat System<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">That non-public jet is heading to El Salvador, the place Ricardo Salinas met with President Bukele. About their Bitcoin Law, he says, \u201cto stop being a colony, it takes more than just issuing your own currency or having solid currency.\u201d However, he additionally sees the potential disadvantages, \u201cit\u2019s not easy to just be sovereign, meaning cutting ties. It\u2019s not good for anyone to cut ties.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"es\" dir=\"ltr\">El d\u00eda de hoy, me recibi\u00f3 en la casa presidencial El Presidente de El Salvador <a href=\"https:\/\/twitter.com\/nayibbukele?ref_src=twsrc%5Etfw\" rel=\"noopener\">@nayibbukele<\/a>, le lleve a regalar \u201cEl primer mapa de Mexico\u201d y un balero y recib\u00ed de su parte un <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">#Bitcoin<\/a> en moneda. Muchas gracias Presidente por su tiempo y por el grato recibimiento. Es un gusto!!! <a href=\"https:\/\/t.co\/E1BE6S7sAY\">pic.twitter.com\/E1BE6S7sAY<\/a><\/p>\n<p>\u2014 Ricardo Salinas Pliego (@RicardoBSalinas) <a href=\"https:\/\/twitter.com\/RicardoBSalinas\/status\/1507193530854350855?ref_src=twsrc%5Etfw\" rel=\"noopener\">March 25, 2022<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">In basic, Salinas has a barely apocalyptic view of what\u2019s taking place. He thinks that bitcoin is \u201cnot good for the people in power. And they\u2019re not giving up their power lightly.\u201d However, that doesn\u2019t imply he\u2019s in favor of the fiat fraud. Not within the slightest. \u201cThe fiat system has allowed the big state to exist, and that means two things. It means the war state, the national security state, and on the other hand, it means the welfare state. So I call it the welfare-warfare state. That is what fiat has allowed to happen.\u201d<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">On Ownership And Digital Money<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\u201cMaking payments in a digital way is absolutely the future,\u201d Salinas says. His financial institution, the Banco Azteca, hasn\u2019t merged with the bitcoin community due to regulatory constraints. Speaking about confiscation, Herbert brings how the US froze the Russian reserves, Salinas places forth the instance of the Canadian truckers\u2019 frozen donations and states, \u201ceverything you have in fiat doesn\u2019t really belong to you.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When Keiser brings up the potential of bitcoin altering the present system for the higher, Salinas is just not as hopeful. \u201cThe majority of the people are having a good life by living at the expense of another minority,\u201d he says, bringing the budgets of the Military-Industrial Complex and the Welfare State as examples. The \u201cfiat fraud is what facilitates the current day slavery,\u201d Ricardo Salinas states.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What\u2019s the answer, although? You guessed it. \u201cI love Bitcoin because it puts everyone on an equal base in terms of purchasing power, and it gives no unfair advantage,\u201d he says.\u201dWe want an setting of freedom which allows, and encourages, and applauds innovation.\u201d That offers rise to a cycle, \u201cpeople copy innovation and make it better. Competition.\u201d However, we don\u2019t have that as a result of we don\u2019t have freedom.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That\u2019s it for this primary half. Tune in tomorrow for the second version of this companion piece to the \u201c<\/span><a href=\"https:\/\/www.youtube.com\/watch?v=MU8gtsp-jAg&amp;t=1s\" rel=\"noopener\"><span style=\"font-weight: 400;\">Mexican Billionaire Ricardo Salinas: Private Jet Bitcoin Interview w\/ Max Keiser &amp; Stacy Herbert<\/span><\/a><span style=\"font-weight: 400;\">\u201d video. Before we go, Bitcoinist leaves you with this Ricardo Salinas jewel so that you can replicate on: \u201cTo be able to see the truth is liberating. Even if the truth is not what you want.\u201d<\/span><\/p>\n<pre style=\"text-align: center;\">Featured Image: Ricardo Salinas screenshot <a href=\"https:\/\/www.youtube.com\/watch?v=MU8gtsp-jAg&amp;t=1s\" rel=\"noopener\">from the video<\/a> | Charts by <a href=\"https:\/\/www.tradingview.com\/\" rel=\"noopener\">TradingView<\/a><\/pre>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/bitcoinist.com\/ricardo-salinas-btc-masterclass-pt-1-fiat-fraud\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] By now, Mexican billionaire Ricardo Salinas is a bitcoin staple. His keynote at the Bitcoin 2022 conference was the discuss of the city, and the truth that he has 10% of his assets in bitcoin can\u2019t be ignored. After all, he\u2019s reportedly the third richest individual in Mexico, in order that 10% in all [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[20,163,1115,1117,1116,1114,54,855,856],"class_list":["post-1068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-fiat","tag-fraud","tag-herbert","tag-keiser","tag-masterclass","tag-part","tag-ricardo","tag-salinas","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/1068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=1068"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/1068\/revisions"}],"predecessor-version":[{"id":1069,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/1068\/revisions\/1069"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/1070"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=1068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=1068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp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