{"id":1346,"date":"2022-05-10T20:57:39","date_gmt":"2022-05-10T20:57:39","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/05\/10\/ricardo-salinas-bitcoin-masterclass-pt-3-understand-both-w-keiser-herbert\/"},"modified":"2022-05-10T20:57:39","modified_gmt":"2022-05-10T20:57:39","slug":"ricardo-salinas-bitcoin-masterclass-pt-3-understand-both-w-keiser-herbert","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/05\/10\/ricardo-salinas-bitcoin-masterclass-pt-3-understand-both-w-keiser-herbert\/","title":{"rendered":"Ricardo Salinas\u2019 Bitcoin Masterclass, Pt 3: Understand Both &#8211; w\/ Keiser &#038; Herbert"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Welcome to the final installment of Ricardo Salinas\u2019 Bitcoin Masterclass. The billionaire and his two hosts already mentioned the <\/span><a href=\"https:\/\/bitcoinist.com\/ricardo-salinas-btc-masterclass-pt-1-fiat-fraud\/\"><span style=\"font-weight: 400;\">fiat fraud<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/bitcoinist.com\/ricardo-salinas-btc-masterclass-pt-2-sound-money\/\"><span style=\"font-weight: 400;\">sound money<\/span><\/a><span style=\"font-weight: 400;\">, however they&#8217;ve but to carry all of it collectively so you may \u201cunderstand both.\u201d Keiser and Herbert get Ricardo Salinas to share some issues about his inventory portfolio and his BTC allocation, however we skipped all that to deal with his tackle bitcoin and the present system.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It all comes full circle, after the dialog the video ends with a musical montage that exhibits us footage of all the things that occurred in <\/span><a href=\"https:\/\/bitcoinist.com\/billionaire-ricardo-salinas-visits-el-salvador\/\"><span style=\"font-weight: 400;\">our first post about Salinas\u2019 visit to El Salvador<\/span><\/a><span style=\"font-weight: 400;\">. We see the ambassador to the United States, Milena Mayorga, obtain the billionaire. We see the trio and Samson Mow go to the volcano the place El Salvador is bitcoin mining. We see all of them having dinner with Binance\u2019s CZ. And we see photographs of Ricardo Salinas and his son assembly President Bukele.<\/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;\">Anyway, let\u2019s get to the bitcoin content material.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Bitcoin Is Creating The Chaos<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Today\u2019s session begins with a deal with. Max Keiser solutions what we deemed \u201c<\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-2022-recap-thiel-salinas-keiser-mallers\/\"><span style=\"font-weight: 400;\">the best questions of the whole conference\u201d Bitcoin 2022<\/span><\/a><span style=\"font-weight: 400;\">. That is: \u201cIs Bitcoin causing the chaos in the world, or reacting to the chaos?\u201d What does Keiser thinks about his personal query? He instructed Salinas and us:<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cTo me it seems like Bitcoin isn\u2019t reacting to the chaos, but bitcoin is causing the chaos. Because, bitcoin changes people (\u2026) It\u2019s a mirror where, if you\u2019re a person with decency in your heart, you become more decent, and you think about doing other benevolent things. If you\u2019re a person who\u2019s got a heart that\u2019s not well , and you are envious. It makes you more envious, it makes you worse.\u201d<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">Not to be outshined, Ricardo Salinas shoots a dire prediction concerning the normal marketplace for the following few years:<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cWhat\u2019s happening to the fiat world is a disgrace. Now, people that are expecting a pension are going to be defrauded of their pension. People that have saved money for their retirement, they\u2019re not going to have the money because it\u2019s not going to be there. It\u2019s going to evaporate.\u201d<\/span><\/p>\n<\/blockquote>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-180852 aligncenter\" src=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2022\/05\/BTCUSD_2022-05-10_16-42-28-640x356.png\" alt=\"BTCUSD price chart for 05\/10\/2022 - TradingView\" width=\"640\" height=\"356\" srcset=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2022\/05\/BTCUSD_2022-05-10_16-42-28-640x356.png 640w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2022\/05\/BTCUSD_2022-05-10_16-42-28-980x545.png 980w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2022\/05\/BTCUSD_2022-05-10_16-42-28-768x427.png 768w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2022\/05\/BTCUSD_2022-05-10_16-42-28-750x417.png 750w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2022\/05\/BTCUSD_2022-05-10_16-42-28.png 1012w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\"\/><\/p>\n<pre style=\"text-align: center;\">BTC worth chart for 05\/10\/2022 on Cexio | 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;\">Ricardo Salinas On Presiden Bukele<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\u201cHe\u2019s obviously a very sharp guy, he\u2019s young, and he\u2019s done these extraordinary things. So, I need to have a better sense of the person. Because, whatever he says or does on media, it\u2019s not the same person,\u201d Salinas mentioned about El Salvador\u2019s president. The two would meet one or two days later. Salinas elaborated:<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cI want to understand what he wants to do and how he plans to do it. I want to hear it from him. But obviously his capacity to do things differently is evident (\u2026) And you know this thing of having Bitcoin being legal tender in El Salvador, that changes things completely, because now it\u2019s not just an asset, now it\u2019s real money. At least in that jurisdiction.\u201d<\/span><\/p>\n<\/blockquote>\n<h2><span style=\"font-weight: 400;\">Ricardo Salinas And The Problem With Democracy<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In a particularly optimistic second, Max Keiser describes the present scenario. \u201cIt seems to me that there\u2019s an epic battle between fiat money, evil, and Bitcoin money, which is the best soundest money ever, it\u2019s good. It\u2019s good versus evil\u201d. Ricardo Salinas is just not so positive, as a result of as we speak\u2019s system is backed by democracy. \u201cThis evil of fiat money fraud is being sustained by a democratic process, and it\u2019s being voted into power every day,\u201d Salinas says convincingly.\u00a0 \u201cThat\u2019s the problem with democracy, (\u2026) majority rule is no fun\u201d.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"es\" dir=\"ltr\">La \u00faltima foto del d\u00eda, acompa\u00f1ado de puro personaje <a href=\"https:\/\/twitter.com\/Excellion?ref_src=twsrc%5Etfw\" rel=\"noopener\">@Excellion<\/a>, <a href=\"https:\/\/twitter.com\/cz_binance?ref_src=twsrc%5Etfw\" rel=\"noopener\">@cz_binance<\/a> y mi hijo Hugo Salinas\u2026 tambi\u00e9n les dejo una de una hermosa vista ac\u00e1 en El Salvador.<\/p>\n<p>Ahora si a descansar \ud83d\ude0c\ud83e\udd71\ud83d\ude34 <a href=\"https:\/\/t.co\/OK2svSdakP\">pic.twitter.com\/OK2svSdakP<\/a><\/p>\n<p>\u2014 Ricardo Salinas Pliego (@RicardoBSalinas) <a href=\"https:\/\/twitter.com\/RicardoBSalinas\/status\/1507234807734054918?ref_src=twsrc%5Etfw\" rel=\"noopener\">March 25, 2022<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">When questioned about \u201cThe Bitcoin Standard,\u201d the e book we\u2019re studying in <\/span><a href=\"https:\/\/bitcoinist.com\/category\/bitcoinist-book-club\/\"><span style=\"font-weight: 400;\">the Bitcoinist Book Club<\/span><\/a><span style=\"font-weight: 400;\">, Salinas declares it to be completely spot on concerning the Austrian School of Economics\u2019 view of the world over the Keynesian one. \u201cI think the historical perspective is especially valuable. (\u2026) This is a must-read not only to understand Bitcoin, but to understand the fiat fraud, because you have to understand both,\u201d Salinas additionally claims.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When questioned about Peter Shiff and his father, gold bugs till the tip, Salinas continues to be respectful of the earlier king. \u201cHaving gold is not a bad idea, having everything in gold is a bad asset allocation. Speaking trash about bitcoin is a bad idea.\u201d And by that, he implies that if Shiff targeted on selling gold and never on criticizing bitcoin, he wouldn\u2019t be making a idiot of himself.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And that\u2019s about it. How a lot did we be taught from Ricardo Salinas?<\/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><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-3-keiser-herbert\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Welcome to the final installment of Ricardo Salinas\u2019 Bitcoin Masterclass. The billionaire and his two hosts already mentioned the fiat fraud and sound money, however they&#8217;ve but to carry all of it collectively so you may \u201cunderstand both.\u201d Keiser and Herbert get Ricardo Salinas to share some issues about his inventory portfolio and his [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1348,"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":[20,1117,1116,1114,855,856,1336],"class_list":["post-1346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-herbert","tag-keiser","tag-masterclass","tag-ricardo","tag-salinas","tag-understand","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\/1346","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=1346"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/1346\/revisions"}],"predecessor-version":[{"id":1347,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/1346\/revisions\/1347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/1348"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=1346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=1346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post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