{"id":1179,"date":"2022-05-06T23:31:06","date_gmt":"2022-05-06T23:31:06","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/05\/06\/ricardo-salinas-btc-masterclass-part-2-sound-money-system-keiser-herbert\/"},"modified":"2022-05-06T23:31:07","modified_gmt":"2022-05-06T23:31:07","slug":"ricardo-salinas-btc-masterclass-part-2-sound-money-system-keiser-herbert","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/05\/06\/ricardo-salinas-btc-masterclass-part-2-sound-money-system-keiser-herbert\/","title":{"rendered":"Ricardo Salinas\u2019 BTC Masterclass, Part 2: Sound Money System + Keiser &#038; Herbert"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight: 400;\">As Mexican billionaire Ricardo Salinas continues to clarify bitcoin from the personal jet perspective, Bitcoinist\u2019s companion piece to the interview continues <\/span><a href=\"https:\/\/bitcoinist.com\/ricardo-salinas-btc-masterclass-pt-1-fiat-fraud\/\"><span style=\"font-weight: 400;\">the job we started here<\/span><\/a><span style=\"font-weight: 400;\">. Or, it&#8217;d even <\/span><a href=\"https:\/\/bitcoinist.com\/billionaire-ricardo-salinas-visits-el-salvador\/\"><span style=\"font-weight: 400;\">have been here<\/span><\/a><span style=\"font-weight: 400;\">. This time, Salinas and journalists and podcasters Max Keiser and Stacy Herbert go even additional into the bitcoin rabbit gap. From right here, there\u2019s no turning again.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this second half, Herbert provides Salinas full credit score because the individual accountable for bringing bitcoin into Mexico. They additionally discuss in regards to the chance that billionaires could possibly be  within the betterment of humanity. About Florence and the Medicis. About the fantastic thing about accounting, that, amongst different issues, \u201cenables the citizens to hold the king accountable.\u201d They additionally talk about the worth of personal and public firms and point out that economies hit by the present system are those that undertake bitcoin first.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That, plus much more bitcoin. Check it out:<\/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<h2><span style=\"font-weight: 400;\">Ricardo Salinas On The Importance Of a Sound Money System<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">For the free market to do its factor, the world must be at peace.\u201dWar is totally the other of commerce,\u201d Salinas mentioned. \u201cThe huge wars were based on the fiat fraud,\u201d Salinas accused. \u201cThe monetary system is like the foundation of this civilization that you bring, that you construct on top of. If the foundation is wrong, the construction is going to fall off (\u2026) That is why a sound money system is so important,\u201d Salinas defined.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">How will we get to the reality, although? Proper accounting methods. \u201cI\u2019m saying accounting is very important to be able to keep you honest and to get to the truth,\u201d he mentioned, for then to accuse, \u201cthe current day governments in Mexico and the U.S, they don\u2019t use accounting. They have this in an out flow (\u2026) It\u2019s disgusting.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Then, Stacy Herbert lightens the temper. \u201cBitcoin is f*ck you money. I mean, the President of El Salvador has said that just recently in a tweet (\u2026) And that is the new modern way of freedom for everybody on the individual level.\u201d After listening to that Hugo, Ricardo Salina\u2019s son, compares their journey to El Salvador with going to Galt\u2019s Gulch in Ayn Rand\u2019s \u201cAtlas Shrugged.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cYou don\u2019t change bitcoin; bitcoin changes you,\u201d says Stacy Herbert giving Max Keiser full credit score for the basic phrase. How did bitcoin change Salinas\u2019 perspective? \u201cIt\u2019s given me a lot more confidence in my ability to survive.\u201d And, what about his son? \u201cI think Bitcoin is like the greatest innovation that we\u2019ve seen so far and it fixes this corrupt system,\u201d Hugo says.<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-180505 aligncenter\" src=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2022\/05\/BTCUSD_2022-05-06_19-47-56-640x356.png\" alt=\"BTCUSD price chart for 05\/06\/2022 - TradingView\" width=\"640\" height=\"356\" srcset=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2022\/05\/BTCUSD_2022-05-06_19-47-56-640x356.png 640w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2022\/05\/BTCUSD_2022-05-06_19-47-56-980x545.png 980w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2022\/05\/BTCUSD_2022-05-06_19-47-56-768x427.png 768w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2022\/05\/BTCUSD_2022-05-06_19-47-56-750x417.png 750w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2022\/05\/BTCUSD_2022-05-06_19-47-56.png 1012w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\"\/><\/p>\n<pre style=\"text-align: center;\">BTC value chart for 05\/06\/2022 on Eightcap | 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;\">The Michael Saylor Effect<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Salinas describes MicroStrategy\u2019s bitcoin coverage and Michael Saylor\u2019s brave wager as:\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201c\u2026He owes money, he borrowed money to buy Bitcoin. He borrowed fiat to buy Bitcoin. So, he\u2019s short fiat, long-term bonds had a low rate. Which, by the way, I think it\u2019s a very good idea anyway (\u2026) Now, the other part is taking all the money and investing it in bitcoin (\u2026) I\u2019m a pretty aggressive investor, I mean I\u2019m not scared of practically anything but this concentration of a bet in the single asset that\u2019s too much for me. (\u2026) If it pays off, and I think it will, he\u2019s going to blow it through the roof, but it\u2019s a big risk.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The journalists query the billionaire about envy and Salinas solutions, \u201cenvy is a really bad sentiment. It leads to absolutely no good, and it affects you personally more than the other guy.\u201d With that, Stacy Herbert agrees and provides, \u201cYou can only live your own best life. You do you and that\u2019s it.\u201d Showing he\u2019s a real Bitcoiner, Ricardo Salinas doesn\u2019t say how a lot bitcoin he has. \u201cIs not a good policy to talk about how much you have in general. Second, it\u2019s a security risk. Third, what\u2019s the point?\u201d<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Ricardo Salinas Answers A Burning Question<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Max Keiser brings the dialog again to Michel Saylor, who he contends is launching a speculative assault on the US greenback with MicroStrategy\u2019s bitcoin play. Relating it to that, Keiser launches a very powerful query of the entire interview. \u201cHe also says that in his view in the future, that bitcoin will be the world reserve asset, and that the U.S dollar will remain the world reserve currency (\u2026) What do you respond to that?\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ricardo Salinas doesn\u2019t disappoint, \u201cI agree that (\u2026) Bitcoin\u2019s on the way to being a world reserve asset, I 100% agree. I\u2019m not sure that the dollar is going to make it (\u2026) Now especially, that the U.S has weaponized the dollar to further its imperial purposes. Why would a self-respecting big country like Russia or China, why would they accept that as a reserve currency? Clearly it has a lot of downsides.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Plus, fiat cash is slowly dying and all of us can see the indicators round us. Is that what\u2019s taking place? Tomorrow, within the concluding chapter of this sequence, Keiser raises one other chance and Ricardo Salinas responds. Don\u2019t miss it.<\/span><\/p>\n<pre style=\"text-align: center;\">Featured Image: Ricardo Salinas, screenshot <a href=\"https:\/\/www.youtube.com\/watch?v=MU8gtsp-jAg\" rel=\"noopener\">from the video<\/a> | Charts by <a href=\"https:\/\/www.tradingview.com\/\" rel=\"noopener\">TradingView<\/a><\/pre>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/bitcoinist.com\/ricardo-salinas-btc-masterclass-pt-2-sound-money\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] As Mexican billionaire Ricardo Salinas continues to clarify bitcoin from the personal jet perspective, Bitcoinist\u2019s companion piece to the interview continues the job we started here. Or, it&#8217;d even have been here. This time, Salinas and journalists and podcasters Max Keiser and Stacy Herbert go even additional into the bitcoin rabbit gap. From right 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