Mexican Billionaire Ricardo Salinas: Private Jet Bitcoin Interview w/ Max Keiser & Stacy Herbert

Join Max Keiser and Stacy Herbert on a special trip to El Salvador aboard Ricardo Salinas' private jet. On this episode of Hard Money: KEISER, Max and Stacy speak with the Mexican telecom mogul about all things Bitcoin. Find out why Ricardo considers himself a "billionaire pleb," why Stacy gave him the nickname "Uncle Ricky," and whether Ricardo agrees that Max has the best legs in Bitcoin. They also discuss their thoughts on President Nayib Bukele, Michael Saylor, Saifedean Ammous, the Fiat Fraud, Bitcoin mining, Bitcoin as legal tender, and speculative attacks on the US Dollar. Enjoy the premiere episode of Hard Money: KEISER!
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0:00 - Heading to El Salvador with Ricardo Salinas!
2:24 - How did Ricardo get into Bitcoin?
4:32 - Escaping the “Fiat Fraud” in El Salvador.
9:52 - Failure of Gold and debasement of fiat.
13:51 - How Bitcoin changes the political incentive structure.
19:52 - Does Bitcoin allow you to be more yourself?
25:20 - The States ability to control fiat.
32:12 - Does hard money lead to prosperity?
38:10 - How has Bitcoin changed you?
39:18 - Explaining the “Fiat Fraud”.
41:35 - Michael Saylor purchasing Bitcoin.
49:07 - Bitcoin’s path to becoming world reserve asset/currency.
52:42 - Bukele, El Salvador adopting Bitcoin taking power from government regulation.
56:34 - “Bitcoin Standard”, “Book Of Max” & SwanBitcoin.com!
1:02:54 - Bitcoin price, portfolio allocation, mining stocks.
1:10:02 - Arriving in El Salvador!
1:12:32 - Chopper to the volcano & meeting President Bukele.
#Bitcoin #BTC #RicardoSalinas #Salinas #Mexico #PrivateJet #ElSalvador #Bukele #Saylor #BitcoinMining #Fiat #HardMoney #MaxKeiser #Keiser

[@hectornemo5004]

My greatest happiness is the $28,000 biweekly profit I get consistently

[@aaronabel2511]

HOW!! I would really appreciate if you show me how to go about it.

[@hectornemo5004]

@@aaronabel2511 After I came across bitcoin trading platform of Mrs Cora James my financial life has totally changed, yours can also change it's just a matter of commitment and focus.

[@piusgideon7759]

@@hectornemo5004 Who is this Mrs Cora James?

[@hectornemo5004]

@@piusgideon7759 She is my family's personal broker and also a personal Broker to many families in the United States, she is a licensed broker and a FINRA AGENT in the United States 🇺🇲.

[@aaronabel2511]

@@hectornemo5004 How do I get in touch to her please!!!

[@AidenLogan]

Great video, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.

[@AidenLogan]

Okay but is not luck, is all about having good investment plans most of all trading with a trust worthy expert. Watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.

[@corneliovega8]

​@@AidenLogan I can relate to all you said because I am facing similar thing right now. Congratulations I wish you more success.

[@aidaricciarda]

​@@AidenLogan Hey how good are your earnings I will like to get some insights into trading thank you.

[@AidenLogan]

Currently i can attest to the fact that I make $18,300 weekly through trading which is more better then my monthly salary job. trading becomes my passive income.

[@aidaricciarda]

​@@AidenLogan For me I am still in the fear zone, I've always been scared of loosing my money but love to see people share such words of encouragement through their earnings. congratulations.

[@chitchattingconamanda4032]

I loved this interview with Salinas, love you Max and Stacy, I really want to meet when I visit el Salvador this year 🤗😊😃

[@richardhubbard2151]

Jealous! Lol

[@littlegesto5320]

so amazing. we need more of this

[@glynpayne4393]

I want to LIKE this video a thousand times! Viva Bitcoin!

[@number1price993]

Listening to this interview I can already tell you that he sounds like a Fraudulent person And I am sure that many of you here are are very dumb to acknowledge such way of him Smart people who own on bitcoin sales Their bitcoin Dumb people purchase such Bitcoin at a high cost In the idea it's very easy You Purchase Bitcoin at a very low price and then sell it for high price So now that you know how to make money with it A lot of billionaires or millionaires who made money doing other businesses Long before bitcoin existed With other businesses Purchase large amounts of this bitcoin for probably a very cheap price when they 1st started and now they want cash out instead. Because it has no value in the real world. So for these billionaires they want you the dumb to buy their bitcoin at a high cost not at the price they bought it for. So you will find lots of videos telling you to get in the game of buying bitcoin. And they will give you and show you very good videos. Marketing which this is a video to market bitcoin for new buyers. I wish people were not so stupid

[@robbert7599]

"Living in Mexico in the 80s takes away ANY illusion that this (fiat system) is any good. It's not, it's a robbery." Such a powerful statement from someone who's seen the destruction firsthand and lived to talk about it.

[@R1pperMk]

What the hell.. He helped in that destruction and he get a lot of money out of that destruction

[@jerolopez1417]

He and most millionaires came out unharmed from this event.

[@abcgif9739]

He gets away yet hes a billionaire

[@ConorChepenik]

Good week for the orange coin

[@jasonsellers56]

Just like literally all other weeks. 😏

[@conorchepenik5521]

@@jasonsellers56 truth brother🤝

[@Richdouglas75]

Amazing interview and the final in the pool was amazing too. thanks Bitcoin magazine

[@tomasrizos7694]

Thanks Max & Stacy

[@OfCourseICan]

Loved it, just deposited my first transaction into my Crypto Company to buy some Bitcoin. Thank You all so much and Mr. Salinas is a most impressive and humble gentleman.

[@mileslavers]

Bloody marvellous that. Good job. Many thanks from Cornwall UK. Even shared that to my dad in his late 80s!!

[@jeremyfoster2156]

Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.

[@adamdanish6802]

A good trading system would puts you through many days of success.

[@jeremyfoster2156]

@@adamdanish6802 True, but I think most people have their reasons for not trading. Either lack of experience or plenty of bad experience. Over trading , lack of patience and bad trading strategy are more reasons why people lose trade. Then the untamed emotions you venture into the market with.

[@douglasturner7882]

Investing in cryptocurrency now will be the best thing to do especially with the current dip the market....

[@adamdanish6802]

@@douglasturner7882 you've just said it all people. are really making a lot of money from it

[@douglasturner7882]

@Sophia Vercher All you need now is a professional trader else you will continue making losses.

[@abhitube4057]

wow, time just flew. One of the best Bitcoin documentary i have ever wached.

[@joshsmith599]

Amazing work Bitcoin Magazine. Increible scoop

[@xqt39a]

Last time I thought about selling bitcoin, I went into my exchange and BOUGHT what had planned to sell 😆

[@leemosey]

Wow! Great Video! Fantastic camera work! Amazing content! Awesome interview too! 5* Bravo 👏🏻

[@Tchairdjian]

This was a fabulous experience.

[@ianroof5880]

awesome content ... thanks guys

[@rohanpradhandendimon]

Love from India to Max and Stacy.. Big follower here.

[@un-confiscate-able-money]

Very insightful interview

[@jasonstaub3045]

Loved this episode !!

[@etherealradar]

Salinas is a smart & thoughtful. It's nice to hear his thoughts directly. Thank you for the interview Max & Stacy.

[@ApakukiNayacakalou]

Far out!!! Who'd a thought you could listen in on a conversation with a billionaire??!! "Three wolves, one lamb"!! Absolute gold . I mean btc! LOL!

[@billmiller5706]

I really like the view of the clouds and horizon showing the differences in the curve or not Or even the reverse curve when the plane dips to the left. Lol

[@daveeg53]

Max is the Man!

[@rossmarino2776]

For many people in Mexico, Ricardo Salinas is not only a millionaire but also a scoundrel thief. Ricardo's big business in Mexico is credit that exploits the great need of poor people in Mexico and Central America to be able to buy electronics, household items, motorcycles with "small payments" over a long period of time. The interest rates that Ricardo Salinas companies charge people are outrageously high and sadly, poor people in Mexico do not understand the big problem they are getting into when they sign their purchase contract. It is obvious that Ricardo Salinas defended himself and said that his companies do not put a gun to people's heads to get them to sign their contracts. However, it is clear that poor people in Mexico in the end do not have many alternatives to buy items that they could never buy in cash. Many people in Mexico feel cheated, taken advantage of and robbed with the credit schemes of Ricardo Salinas' companies. Of course, as a businessman, Ricardo Salinas is a winner, but I am not sure if a man with so much money can be proud of his wealth when so many people in Mexico consider him a ruthless man who takes advantage of the needs of the poor people.

[@SlackersIndustry]

si

[@R1pperMk]

Exactly, watching this guy support in bitcoin makes me think that bitcoin is a scam

[@rudolof8540]

@@R1pperMk What makes bitcoin unique is that is doesn´t discriminates anyone.

[@therichmanguru]

One of the most joyful and great interviews ever, please keep produce the same. Thank you so much for sharing with us this valuable time with Mr. Recardo Salinas

[@Solomon_ultra]

Great video to wake up too. I felt like was on the plane.

[@adiaztv]

We miss you Max and Stacy!!!

[@hinterseerhansi1433]

THE GUY behind stacy and max , is more and more interrested after time to the conversation hahahaha . he looks like , THIS IS THE SOLUTION WOOOOOOOOOOOOOOW haha nice video , love your passion and power in words!

[@leedemha3855]

This gentleman is a BALLER!!!!!!!

[@BitcoinKal]

Great interview throughly enjoyed and doubled down on my understanding of bitcoin.

[@Luisvegabroker]

Exciting times ....much more to come

[@flyinbry]

Amazing interview

[@luisquezada7394]

That brown suede blazer though!

[@JeffRazi]

That last song is awesome.

[@tevtv3450]

Max getting blown out of the water by a billionaire's mind. Theyre reading the same book, but Uncle Ricky is so many chapters ahead even though Max has been reading a long time ago.

[@Nez833]

It was very fun and educational and interesting to watch

[@juanmanuelrojas6393]

Awesome uncle rich you are the best!!

[@snaketrader]

Great interview.

[@MikeBalk]

always raising the bar another notch

[@mike398100]

The montage at the end 👌🏻

[@ryanvuong3948]

valuable conversation

[@peterkarwacki]

Good interview. A lot of brains on the plane.

[@pezleppdin9561]

What song is that towards the end (1:15:00) ? It's so good! Who's the artist? It doesn't come up in Shazam.

[@YasinNabi]

a great story that can change lives....

[@armandogomez4582]

With all do respect, Mr. Salinas. You said no body works. Let me inform you that many of us were still working through the entire time of the pandemic.

[@morteza1024]

Wow this channel is growing fast!

[@MrChuckomatic]

Great job max and Stacy ! Ricardo is the best !!!

[@ttbb2909]

Good insights

[@gabrielafernandezparedes3633]

Good Interview

[@livingall7226]

Concuerdo en esto "La gente de poder no va a ceder su poder a la ligera" en efecto, es lo que siempre pensé desde los inicios de BTC. Well.

[@mayor399999999999999]

Show me the most free country in the world that accepts and values Bitcoin and I'll retire there after I'm done working. I'll even leave the wife if she doesn't want to move. 😂

[@BitcoinAndChess]

El Salvador is welcoming you with open arms. Permanent residency too.

[@TylerShacklefordDurden]

@@BitcoinAndChess how are they on taxes and drug laws? I can't move anywhere that won't let me have med mj

[@BitcoinAndChess]

@@TylerShacklefordDurden I don't know about marijuana in El Salvador. You'll have to do some research.

[@TylerShacklefordDurden]

@@BitcoinAndChess yeah I already did lol it's a rule out. Apparently the cocaine flows like water there and is cheaper than what I pay for pot here, so if that's your thing, rock on

[@rbhawcroft]

His company is in default of the TV Azteca bond which is trading at 44c. Why doesnt Uncle Ricky honor his debts?

[@juanromero1661]

🌎 Land of the Free, Home of the Brave” uncle Ricky. 🛩 🇲🇽 🇸🇻 Bitcoin is people’s money

[@robdove8341]

great audio

[@jachmd]

Great talk! Let's continue hoarding Satoshis.

[@JulioGomez-iq9yy]

Buena entrevista

[@Gallo77769]

Nice interview I liked it.

[@stephenfarrugia2737]

Excellent video.

[@deevee4994]

I really appreciate Mr Salinas frankness about how the powerful will not easily submit to a bitcoin utopia.

[@wojohowitz5432]

Aycarumba, this was so good. My friend Ben Dayho didn't like it however. Jajajaja!

[@roberthopson2654]

Most enjoyable.

[@BitcoinAndChess]

He seems like the most down-to-earth billionaire I've ever listened to.

[@tonym6566]

Mexicans know he’s not though

[@BitcoinAndChess]

@@tonym6566 Why? Explain.

[@tonym6566]

@@BitcoinAndChess too much to list here but one can start off by looking into FOBAPROA history in Mexico and more recently he’s still trying to get out of paying his fair share of taxes to el SAT

[@tonym6566]

Also just petty scandals on twitter reminiscent of Trump unfortunately

[@user-mr7bz2wi4c]

Basically, it's peak irony for Salinas to drone on and on about "fiat fraud" when he's made his fortune using fiat debt to fuck Mexico's poorest over. His home goods chain Elektra charges insanely usurious interest rates of up to 100% that specifically target Mexico's poorest and most illiterate who think they're getting a great deal when they sign on to make "micropayments" for appliances for years, sometimes paying double the original value. Not only that, he lobbied other Latin American countries to drop their anti-usury legislation so that his chain could operate there. Usurious abuse is the essence of the fiat fraud, so, as someone who's remotely aware of how he made his money it's crazy to see him speak so shamelessly on these subjects with no pushback whatsoever. It's also quite disheartening that the Bitcoin community has adopted him without looking into how he made his money.

[@javierespadero8175]

Muy interesante...

[@samandrastek]

54:54 “Democracy: The God That Failed” by Hans-Hermann Hoppe (2001)

[@migbello]

Grandes Max y Stacy!

[@movimientocarismaticojuven3202]

Bitcoin is freedom but it is also a way to evade taxes and prevent the state from freezing your assets... Greetings from Chiapas...

[@MJ-fb3bf]

💢To be able to see the truth , it´s the liberating. Even if the truth isn´t what you want.💢 Min: 21:41 ... I loved that!

[@dadanifit]

Bitcoin-backed cash would be the epitome of freedom.

[@OgFurious1]

Bitcoin is the new gold and gold is the new cash

[@morteza1024]

Doesn't have to be that way. With lightning network we can use it directly.

[@OgFurious1]

@@morteza1024 I meant like gold coins can be our new dirty fiat that we use in the physical world say for instance if we don’t have internet connection at the time, phone dies, etc. etc.

[@dadanifit]

@@OgFurious1 That would be great too. Gold is real money. Bitcoin the ideal reserve currency.

[@Bulltardwin]

@@OgFurious1 Gold is the new cash LMFAO. Good luck carrying gold around to pay for shit.

[@moisesf.7017]

54:37 Why did Ricardo wink their eye when he talked about democratic process?

[@nss490]

This was great

[@waterym1449]

MAX AND THE LOVLEY STACY HERBERT, SUCH SMOOTH OPERATORS.

[@EduardoLopez-xm6fo]

well actually watching El Salvador become a japan or singapore of the central america can be inspirational for the society who wants the best for mexico,

[@pialimanosdemexico668]

Great video

[@TinosNitso]

Re 10:58 "It's more divisible" That's not true. Gold can be divided all the way down to the milligram (US 6c worth), and embedded into a very cheap Black&White polymer cash note. On the other hand, BTC does not ever allow the existence of any coin smaller than 546 sats (16 cents). We can carry smaller amounts of gold around in our back pocket, as cash. In fact, this problem still exists with Bitcoin Cash (BCH), & probably LightNing network (imo). Salinas may not be lying, because the gold bugs haven't bothered to print mg CashGold notes, but the fees for BTC make it impractical even at 0.1g level ($6), and *Cash-Gold* for that does exist.

[@patrixdelfabbro2994]

Hugo, your dad is a legend!

[@andybudwiser6347]

No paga impuestos puede tener hasta 30 aviones el carbón.

[@franco912]

Would it be possible from the BRICS countries to go back to gold standard or a silver one based ?

[@aldomario2512]

Buen contenido comercial para principiantes. Para examinar efectivamente la viabilidad de este contenido, se necesita un buen corredor como la Sra. Amelia López. Sus estrategias comerciales son más adecuadas para nuevos inversores. dale una oportunidad

[@gretaperez1574]

Esta no es la primera vez que escucho sobre la Sra. Amelia López y sus habilidades comerciales, pero no tengo idea de cómo ponerme en contacto con ella.

[@giulianadjitel9594]

El factor de no riesgo en su inversión es el más sorprendente para ella, esto significa que asume toda la responsabilidad por las malas burlas de aterrizar contigo sin posibilidad de perder dinero, de hecho, es el corredor más confiable y respetado que conozco. Invertí $ 6200 y obtuve $ 39400 después de 14 días

[@derrickholmes6954]

También invierto con la Sra. Amelia, ella cobra un 20% sobre las ganancias obtenidas después de cada operación. Como inversionista por primera vez, comencé a operar con la Sra. Amelia con solo miles de bultos, mi cartera es mucho más que eso ahora a solo unas semanas de operar con ella.

[@gisellcruz9116]

Acabo de empezar a invertir en criptomonedas. ¿Cómo me pongo en contacto con su corredor?

[@mtpocket6719]

Amelia cambió mi vida y me hizo quien soy hoy. Debido a las altas ganancias que obtengo al invertir Bitcoin con ella, puedo poner a mi hijo en una mejor escuela y pagar mis cuentas.

[@f.flinstone252]

1:13:20 hahaha Loved that Max

[@OnSiteTrav]

Thank you for this content guys!

[@neo8272]

God bless you all 🙏

[@danhelios7557]

Loved MOST of that!!! Worrying to see CZ at he round table!! wtf- he is a major shitcoin machine! The Mining container didn't appear to be running! No Leds Glows..

[@mrbmro3991]

Thanks to the internet, we have access to these kinds of people and minds. No excuses all, get your Bitcoin

[@animalcuevas]

Nice beat song at the end whats the name Of it ???

[@miguelmendoza4463]

Una fortuna hecha con excesivos cobros a sus clientes... Pagos chiquitos para endeudarse toda la vida!!! No se debe lucrar con la necesidad de los más necesitados.... Saludos

[@narvazz7151]

que buen ingles Sr Salinas.👍

[@joaoverissimoalmeida2364]

Fantástica entrevista! 👏

[@joseespinozagarcia3142]

Tienen la entrevista en español?

[@danielc.7474]

@Goatface6 According to you the health is not a human right... but according to the consitution of the World Health Oranization (held in New York, 1946, signed on 22 July 1946 by the representatives of 61 States and entered into force on 7 April 1948) envisages “…the highest attainable standard of health as a fundamental right of every human being.” ... most US citizen dosen't know that they have a fundamental right to health care, suported by a consitution. And I thing (it's only my point of view, I could be wrong) the 'murican citizens doesn't have the courage to validate their own rights and the education topic is also a business

[@yes4yes639]

Ricardo's son is Billy Zane reincarnated lmfao 🤣🤣🤣🤣🤣

[@selectumiustis7620]

felicidades Ricardo

[@DARIKC]

Noten la parte cuando dice proceso democratico y le hace un guiño 54:35, se que aun no soy pero quiero ser y estar asi a los 66 es la mitad de lo que yo he vivido, a lo que me refiero es que muchos GURUS hablan de formas magicas de como hacerte RICO, pero cuando lees te das cuenta de que solo repiten a su interpretacion lo que viene en todos estos libros de motivacion y negocios, no quiero decir que no sirvan pero la mayoria son de origen o inspirados por el mundo anglosajon, y estos mismos son los que tienen el mundo como esta, aun esta la otra cara de la moneda y si estas aprendiedo sobre este mundillo sabras que algo no esta del todo bien su democracia autoimpuesta es mas bien una imposicion, son aun unos pocos paises que no se han alineado a estos tipos, pero bien lo dice Salinas en casi todo el video ellos estan en el poder tienen las Armas y la Impresora de billetes y no la van a soltar tan facil, incluso un millonario te dice entre lineas que todo este papel (Dolares) es un activo que no te pertenece asi que ya veremos lo que pasa, en hora buena que buena entrevista a un millonario de verdad y no a los falsos GURUS, por cierto lean los libros que mencioa a lo largo de la entrevista, yo ya elegi mi lado y tu.

[@BasementNero]

I'm glad that Max & Stacy abide by "don't share your stack" rules. The stack envy when Stacy can drop in she bought the ATH of $1 without knowing her DCA or smash buying habits is bad enough

[@Futura367]

Amazing

[@marcuscolon2131]

Those volcano workers need to take their masks off, it’s embarrassing

[@jones231088]

Ricardo is an Amazing entrepreneur, he knows how to make business. They way he talks in this interview, he is very good at convincing people of his ideas. The only little detail Ricardo forgot to mention is the he has not paid his taxes. His companies owe millions of dollars in taxes to the Mexican government that they have not paid over the years. He is a fraudulent person. There should be a second part of the interview where he explains why his companies have not paid taxes and when he is going to pay that money. Mexico deserves better.

[@juanbarberis7192]

MX es un desastre...corruptos.....

[@leonoreesposito7291]

Eres fanático del comunista de AMLO.

[@jones231088]

@@leonoreesposito7291 Asi lo quieres ver, esta bien

[@TheCotorro61]

Salinas Priego es un cacique que no quiere pagar sus impuestos.

[@peterbilt1234]

I agree with you Rafa, he owes like 90 million dollars to the government. Approx 1,800 million pesos. I don't dislike the guy at all but he has an obligation to pay like everybody else. I really like your post.

[@sunshine10005]

❤️Ricardo

[@dd032894]

es todo Ricardo a todo dar