Preface to today’s post:
I have been following a guy named Bitcoin Ben for over a year now. Ben is legitimately one of the most intelligent people I’ve ever listened to – especially when it comes to HISTORY and CRYPTOS.
He does a live show every morning on YouTube that usually lasts about an hour. I have come to the realization that WAY more people need to have access to the information he provides. And given the current environment in the world, many of you don’t have an hour every morning to sit and watch.
So I am going to start providing a written version of it on this blog. It will mostly be word-for-word (from Ben’s point of view) with a little bit of cleaning up.
If you think this is a worth-while venture to help spread this knowledge, please leave a comment below or send me a message so I know at least someone is getting value from it.
PS – Although it’s a “family” show, sometimes it gets off the rails. I will try to dial it back for the internet purposes but you will likely still see some F bombs.
March 7, 2022
UND. WE. ARE. LIVE. Hahaha UND. The UND part is probably what most of this show is going to be about. Welcome everybody, it’s your favorite truck driver in the whole world. This is Bitcoin Ben. I am officially changing my name to Oil Ben. Nah maybe not. Doesn’t quite have the same ring.
The reason that oil is so important, is because this is the split that we’ve been talking about. The split is this: right now, global crude oil is sitting at $120. Russian oil is about $80 – if that. The Russian prices are dropping. The rest of the world’s oil prices are going up. How long do you think the countries and the oil companies are going to “shun” Russia? It’s already happening.
Shell purchased 100 million dollars worth of Russian oil – but did they use dollars? They did not. According to this article, they bought at an “extreme discount”. It’s not an extreme discount. As inflation is hitting the rest of the oil supply, Russia is actually valuing their oil outside of the dollar. THAT is the key. So the “price” of the oil is less than it is on the global markets.
Who also stood up last week? Saubi Arabia. They stood up and said “pluck this, we’re with Russia.” Now, they aren’t pro-Russia. I’m not pro-Russia. I am pro-America energy. I am pro-American truck driver. Last week, it hit $4.40 in Illinois for diesel. Actually, no, diesel was $5 and gas was $4.40.
I’ve been saying this for years – when the price of oil hits $150, the US economy is DONE. That’s why Joe Biden said “we’re not going to stop buying Russian oil”. But wait… you put all these sanctions on Russia? And you will still be buying their oil? Why are you doing that Joe? Pass-me-my-puddin Joe Biden? Doesn’t that means he is supporting Russia? Does that mean the US “president” is breaking his own sanctions?
Joe Biden is in the middle of what I like to call a CHIT SHOW. This happens when there is no good way out of a situation. There is a good solution for the American citizens. Like opening up the pipelines from Canada. That would solve it in a heart beat. But then how does he explain it to all his voters? All “81 million” of them? Really Joe? 81 million? Really Joe? *Ben gets super close to the camera lens* Really? How does he explain going green while at the same time opening up the pipelines that he closed?
Russia and others, have old Joe by the gonads. But, people have asked me what this has to do with Bitcoin? This has EVERYTHING to do with Bitcoin. The Russian Financial Minister said “Russia will accept Bitcoin and other cryptos for oil.” Once oil hits $135 – right now were at $122 – don’t you think that other countries and companies are going to take some backdoors, buy some bitcoin, and then buy some oil? They will. They are.
We’re in the midst of an unbelievable shift in global power. Let’s put all of our biases aside. Who looks stronger right now? Who looks stronger in the world’s eyes? Pass-me-my-puddin Biden? Or *in Russian accent* once you are KGB, you are always KGB Putin? We have a President who is pooping his pants because he doesn’t have a good way out. He either continues to purchase Russian oil out one side of his mouth, or he sanctions Russia with the other side of his month.
All I’ve heard this weekend is about Russian Oligarchs who had their property “tied up” using the SWIFT system. It’s important to note that it’s not a sanction. They didn’t actually lose their property, they still own it. They just have to sell their property using a different currency now. AND if you look at the Russian oligarchs that are being hurt… a whole lot of them are on the Clinton rolodex.
QUESTION: Hey Ben, where can I get some bitcoin and put it into an offline wallet?
Ben: I have a couple links under here. It actually depends on your situation. If you’re getting a couple thousand, I recommend using the Cash App on your phone. If you’re using a laptop, I highly recommend the Kraken exchange. And if you are buying more than $2,000 worth of cryptos, there’s a link under here for a broker called Caleb & Brown. If you use my link (below), you can save 30% on every purchase fee. WALA!
Once again, if you’re holding your cryptos on a corrupted laptop – bad idea. Get yourself a brand new crypto-only laptop from Calix Solutions specifically built for your cryptos. Give Patrick a call and ask him the benefits of having a crypto-only laptop. 702-845-8276. Or click the link below that will take you straight to the site.
*Editor’s note: I purchased a crypto-only laptop a couple months ago and I LOVE it. I would highly recommend it for anyone with a crypto portfolio over $10,000 OR for someone who wants a fresh clean start with zero room for error.
Let’s jump back in. With this shift in the global petroleum market, hell even gold is going up. Gold is now holding steady above $2,000 an ounce. I own gold and I own silver. The majority? No. But, it’s a sign of the times – the current situation with Russia, with Ukraine, with crypto. The number of actual bitcoin available is NUTS. I was Bloomberg and they had a guy on there. Tell me this doesn’t sound like something we would say. He said “keep away from derivatives – you want solid assets. You want assets that you hold in your own possession.” He explained how stocks and bonds are not held in your possession. He went into oil futures – not in your possession. He went into gold and silver and why you should avoid the paper stuff.
He said that because Bitcoin is in the blockchain that there’s proof of ownership. The transaction itself is the receipt of the commodity. That’s why bitcoin will outperform gold every time. If you buy it online, they will send an invoice and then eventually mail you the gold if you request. With bitcoin, the minute you have the receipt, you have the asset. You’re not sitting there waiting for them to mail your silver or gold. Sidenote; I wouldn’t trust the US Postal service with a Christmas card right now. We see the shipping issues every day right now. Shipping is not fun right now. God forbid if you want to send something to Australia. You might as well pay someone to walk it there. It will cost less AND it will arrive a couple weeks faster. That’s WHY THE BITCOIN. That’s why Russian’s Finance Minister said “hell yeah we’ll take bitcoin. “
You think that Putin and his buddies are freaking out? You think that Putin went in there without a plan? You don’t think they’ve already moved their assets out of the old system? Russia sold ALL of their US treasuries and bought gold. That should have been a mother pluckin heads up. Russia doesn’t hold any dollars. You know why? Because oil isn’t actually going up. The dollar is going down.
We are going into a “normie – non-coiner” recession. Anyone that doesn’t hold cryptos is going to go into a recession. Possibly depression. This is mimicking 1929. But what happened after that? The world went back onto a gold standard. When I say the world, that doesn’t mean the people did. That means the global government structures did. The American people got ripped off and robbed – that’s just what our government does. But the global world order, after the 1929 crash moved into the Great Depression? Not everyone went through the great depression. There’s a lot of people who front-ran the governments and got gold. The average American in the 20s and 30s didn’t have gold. Gold was a rich-man’s possession. And get this – in the 1930s, most of America still wasn’t dealing in the US dollar. Here in the Ozarks… did you know that the US dollar did not become the primary currency until about 1965? Most of it was trading and a lot of it was silver. Hell, into the 1960s, the Ozarks were still trading tobacco for fish.
QUESTION: Henry Ford gave his son a whole bunch of gold for his birthday.
Ben: Yes, gold was a rich man’s currency. Silver was the middle class. And tobacco was the poor man’s currency for years. In the south, it was cotton, tobacco and sugar.
We’re going into the new global transition. Whether you like it or not, if an asset has a market where you can sell into and pull out of – without moving the market – that’s considered a liquid market. That’s what Tesla actually did about 6 months ago. When they sold 1.1 billion dollars worth of bitcoin. Not because they wanted to, but they had to test the liquidity of the market. You can have a commodity, you can have an asset, you can even have a currency. But if no one accepts it, and the market has no liquidity, it’s done. That’s why the Ruble is in so much trouble. Because no one trusts the liquidity of the Ruble market. That’s what’s going on with the Ruble.
QUESTION: Visa and Mastercard are tanking on NYSE.
Ben: Of course they are. Although, they’re big into cryptos. Especially Mastercard. For the last 6 years, Mastercard has been the biggest funder of Lightning Labs. Who is Lightning Labs? The company and team of coders who run the Lightning network. Mastercard is waaaay ahead of this. They are so ahead of this that they’re already making the shift. Let me tell you where this all ends. The existence of smaller banks will be no longer. Eventually, there will only be the Federal Reserve in America. MIND YOU. Will this work? No. But this is just what they’re shooting for in America. You’ll have an account and an app with the Federal Reserve. On this app, you will be able to atomically swap between the US dollar and cryptocurrencies.
QUESTION: Lightning Labs and Bitcoin is the enemy of freedom.
Ben: Even though you think that Lightning Labs and bitcoin are the enemy, someone else is CHOOSING to use Litecoin and Bitcoin.
QUESTION: Litecoin will be used for every day payments and bitcoin will be used to store value.
Ben: There’s not going to be one winner, there’s not going to be two winners.
QUESTION: Monetary system is the enemy of freedom.
Ben: Now were’ getting close, that’s a more accurate statement. The only monetary system that is against freedom is a monetary system that claims a monopoly. Where the only monetary system you can use is “OUR” monetary system – that is against freedom. If they remove your choices, you’re a slave. If they add a choice, you are not a slave. Let’s put it this way. You have the choice to choose any currency you want. But if the federal government tells you that you cannot use this one, that is them implementing control on your monetary sovereignty. In today’s world, the federal reserve has very little control monetarily. I can shop with my Litecoin, I can shop with my Bitcoin, I can shop with my US dollars. I have the freedom to choose my currency. The moment the federal government claims absolution on one currency – where they say nothing else can be used – that’s when bitcoin really starts to kick ass. And that is coming. That is here. That is Russia’s Minister of Finance saying “yeah we will glad accept bitcoin for oil.”
They could also say that they gladly accept bitcoin cash, or tether, or any other crypto. There is a cryptocurrency called Waves. That is the preferred cryptocurrency of the Russian Mafia. Look it up. These countries will each have their chosen “go-around” for the old system.
QUESTION: That is where this is going. They will try and outlaw your privacy.
Ben: I completely agree with you there. It’s going to be a crazy next few years. We’re already living in a multi-currency world. They can’t roll this back. You can’t put the genie back in the bottle. If the US government tries to outlaw the bitcoin… you know how quick Michael Saylor is going to slap a fuckin lawsuit on the government? And he will win. It won’t even take one day. All he has to do is say “show me one other non-monetary commodity” Because remember – Bitcoin is NOT labelled by the federal government as a monetary commodity – it’s labelled as an asset or property. The federal government cannot seize, freeze, or alter a market of a freely traded commodity. They can’t do it – not legally or realistically. That’s the equivalent of the federal government saying “you know all that corn you have there… we’re gonna need that, but we’re not going to pay you for it.”
The American government could say that they’re going to buy every bitcoin held. This would be the equivalent to the gun buy-back program on a national level. If you hold your cryptos on a crypto-only laptop, in a private offline wallet, they don’t know jack shit about who owns that wallet. They could research it and go on the blockchain to track it backwards and all that. But do you think they’re going to do that for every single bitcoin address? No. PLUS, you wanna talk about something that will get popular REAL QUICK if that happens. The bitcoin mixing services online. That’s where you pay a fee, send your bitcoin in, it breaks it up into about 100,000 different transactions then shoots it out the other side into a brand new private address.
They already know they’ve lost the battle. They’re just trying to make themselves relevant in the game.
QUESTION: Chainalysis is cracking the code on mixing services.
Ben: That’s great. Once they crack the code, they’ll just create a new one. You’re off and running with a new mixing algorithm. You see, everyone assumes the government superiority. No. Always assume the government is stupid. You will be right 99.9% of the time. The government is not a forward-looking entity. The government is always playing catch up. They’re never at the forefront of everything.
QUESTION: When do you expect the Founder’s Group to start earning income and how will Founders be paid?
Ben: For those questions or any other questions about the Founder’s Group, or the April 2nd and 3rd event – give Laurie a call 512-877-8577.
We’ve all seen the chart of the inflation rate of the Bitcoin. By the year 2028, 1.112 bitcoin will be produced every block. Every ten minutes. That means every hour, roughly 8 bitcoin will be produced. That is ridiculously low. In one day, less than 200 new bitcoin will be produced. Then you’ll have another halving – which will cut that in half again. Do not look at the prices right now. They are so irrelevant. If you knew the price that Apple would go up to, back in 1986, would you give a shit what the price was? Nope. Because if you don’t plan on retiring for 5 years, just worry about accumulating.
Editors note: Although 200 bitcoin being mined per day seems like a lot, consider that for the entire world. If that were the case at today’s prices, that is $7.6 million being created every day. Which is about .00095 dollars for every person on earth. OR $0.34 worth of bitcoin per person, per year. And as Ben mentioned, cut that amount in half every 4 years. That’s why Bitcoin is technically inflationary, but over time it will become so scarce that it should actually be considered a deflationary asset. In 100 years, miners will be fighting over satoshis not Bitcoin.
QUESTION: What factors do you think have the greatest effect on supply squeeze with Bitcoin?
BEN: I’m going to tell you and it’s going to surprise you. It is apps and reward programs. Have you seen these apps like the FOLD app? They send you a FOLD card, you load it with USD, and every time you swipe that card, you earn a percentage back in Bitcoin. Another one is Lolli app. If you want to double-dip, load your FOLD card and use Lolli so you’re earning 2x the rewards. That’s what Visa and Mastercard are doing. Google it! Or DuckDuckGo it! Visa and Mastercard will set up reward programs – linked with your card – where they reward you in bitcoin for every dollar you spend.
QUESTION: ShakePay is the Canadian version of that.
Ben: Yes!
QUESTION: How long before the government can’t hold or influence the bitcoin price anymore?
Ben: As gasoline prices get higher. Mark my words. We’ve had people say that gold, silver, and bitcoin will take down the central banking system. It’s going to be the Russian oil. This will be the Achilles heel of the central banking system. Because the amount that Russia is charging for oil and the amount the Western world is paying for oil, will cause the western world to shift into this new split.
My friends. Hang on tight because things are about to get crazy.
I am leaving tonight for Florida. I am going to record a show for tomorrow morning. I won’t be live but there will be a show. Everybody have a great day and I will see you guys tomorrow morning.
For the full show on YouTube: https://www.youtube.com/watch?v=ux1vFl8CoGg
LINKS TO GET YOURSELF IN THE GAME:
- JOINING BEN’S PATREON Crypto Entrepreneurs Level – https://www.patreon.com/bitcoinben
- CRYPTO-ONLY LAPTOPS – https://shareasale.com/r.cfm?b=1773568&u=3021702&m=110574&urllink=&afftrack=
- NEWTON EXCHANGE (Earn $25 in Bitcoin using this link) – https://web.newton.co/r/IVWFJT
- SHAKEPAY EXCHANGE (Earn another $30 in Bitcoin using this link) – https://shakepay.me/r/3F74DYA
- Create a account at Caleb and Brown, they are awesome!! Here’s their link CALEB AND BROWN LINK SAVE 30% ON EVERY BUY/SELL FEES https://www.calebandbrown.com/affilia…
- American Residents Only ** GET THE FOLD APP AND CARD NOW TO EARN FREE BITCOIN!! HERE’S MY LINK TO GET FREE BITCOIN!!! https://use.foldapp.com/r/BITCOINBEN
- APRIL FOUNDERS/INVESTORS EVENT APRIL 2ND AND 3RD EVENT TICKETS LINK https://bitcoinbranchesus.io/product/… Call our office 512-877-8577
178 Solutions 