Mike Green on Societal Nihilism, Broken Markets, and Crypto's False Promise

[@maggielake-talkingmarkets]

Connect with me on Substack: maggielake.substack.com 00:01:20 - Bitcoin Speculation vs. Real Use Cases 00:03:40 - Geopolitical Chaos and Market Optimism 00:07:22 - The Nihilism in Modern Financial Markets 00:10:40 - Fourth Turning and Historical Cycles 00:14:24 - Rationality vs. Reality in Economic Systems 00:18:34 - Milton Friedman’s Legacy and Market Dynamics 00:25:06 - Trump 2.0: Expectations and Economic Priorities 00:31:10 - Crypto’s Role in Financial Innovation 00:44:00 - The Passive Investing Dilemma 00:50:00 - Demographics, Diversification, and Retirement 00:56:30 - Bond Vigilantes and Treasury Volatility 01:03:12 - Closing Thoughts: The Path Forward for Markets and Society

[@user-vi3sz3fg2r]

Great convo, and I appreciate Mike helping with some bond concerns :) I found the audio to be fine and perfectly matched.

[@StockOcolaypsereverentofmiddle]

Check out wrench in the gears by Allison McDowell

[@KeepYourHead899]

The problem with Mike is that he is a sane man in an insane world.

[@MarcoMasseria]

Well said!

[@jacobin1973]

Mr green, You sir are one if the great thinkers and communicators of this time. Thanks

[@Murphy1177]

Keep going Maggie with varied guests with varied views. Your podcast is extremely valuable for those of us with open minds…

[@robstrickland166]

just stop interjecting so much

[@HeapLeach]

One can be right, while others make bank. Mike is brilliant, and his etf flow thesis is downright sobering. I would love to learn more about the simulation that models BTC showing the failure down the line. I suppose it has to do with needing increasing money supply to keep the system going. In the meantime, I’ll have my allocation to BTC and speculate in the degen coins, and make $ while waiting for the system to eventually collapse. As long as position size is right, the upside far outweighs the downside, especially if one has the grapes to sell when the liquidity dries up and prices drop. I already have my sell targets and will sell when they hit, or when my stops are triggered. Have a plan folks and for goodness sake, don’t use margin.

[@mcrider95466]

We have a spending problem, not a revenue, generating problem

[@gSizzzzle]

Not to mention we are a throw away nation. They don't want you fixing things, just buy new! Makes me sick

[@realbigugly]

Right, but we will have a revenue generating problem

[@engyn0]

This is false. The US has lower tax rates than most other developed countries. Furthermore, we have many more tax loopholes than any other developed country. Anyone telling you that claims that only have a spending problem (which is true) and not also a taxation problem is just lying to aid the wealthy. Its just another lie. Wise up.

[@engyn0]

No. The taxes in the US are lower than in every other developed country, and we have more tax loopholes than anywhere else, too. Anyone claiming that we only have a spending problem (true) but we don't need more taxes on the wealthy, is just someone doing the bidding of the wealthy. Its just another lie. Wise up.

[@hankday28]

RV dropped the ball when they let Maggie go!, Maggie I'm thankful for your show Happy Thanksgiving!

[@maggielake-talkingmarkets]

Thanks, Happy Thanksgiving to you too!

[@omrit2]

"You could now run a simulation on bitcoin and see that after 140 years at full issuance it eventually collapses on itself". Really Mike? Any references for that you'd care to share with us?

[@gmil2573]

He is right. People are paying $6 million for bananas taped to walls smh.

[@ChrisDennis-dp3md]

Degenerate Art.

[@ssing7113]

And the guy ate the banana just as a gross display of wealth to shove it in every poor persons face that he’s so high and mighty he’ll spend 6 million on notoriety

[@Shoveltime198]

It was just money laundering.

[@nodaklojack]

Crypto, bitcoin The first rule of being in a circle jerk is acknowledging your in one.

[@damienwade7848]

😂💯

[@yvrytry5rc]

MSTR PONZI IS THE NEXT FTX BOOKMARK THIS

[@KevinOpar]

Cope

[@XpackLersV]

What's it like having zero intellectual capability?

[@shelteredshaman5992]

Mike Green is truly NOT a dumbass, unlike so many other money managers.

[@chrisbentley71]

Mike seems like a righteous dude - been following his work with Simplify

[@habaneropepper8025]

"Nobody has yet explained a use case for bitcoin". Really??

[@BogdanRotman]

I always learn something from Mike Green.

[@lustgarten]

Me too. That hes a closet neo con that pretends to be even handed but if you listen closely you find he isn't.90% bs political and 10% bs economics.

[@timothy8142]

The barriers for entry in America are so, so high right now. If you don't have a specialized degree (doctor, lawyer, accountant, engineer, nurse, etc) you are going to go nowhere. And I like the argument of "Oh, just learn a trade. Oh, just go to school. Pull yourself up by your bootstraps. Just start a business." It's not cut and dry like that anymore. That doesn't work in 2024. The global competition after WWII was non-existent because Europe and Asia were blown to pieces. So it was very easy, especially when purchasing power was more. So this "go get a job and start a family" was a no-brainer. And then these following generations thought it was easy, but decade after decade global competition grew and grew and people begin to lose jobs and get laid off. Because you actually have to try. Mediocrity does not make it anymore. You must show up with your best or you are gone. It's not just America with low birth rates. It's the whole globe. The entire world is too busy competing and is exhausted. Who has the energy or the money for children? My grandparents did because there was no economic competition after WWII.

[@solartime8983]

🌅WELL Said👋🙏🗽

[@ssing7113]

Or pray when your parents die you’re gifted their house to survive another hellish decades to pay taxes and repairs on the house you could never even afford 😂 I laugh because the irony of thinking a gift is a gift to later be found isn’t not without maintenance and maintaining something costs $$$ So you sell it off to the investor who has 20 houses in his portfolio and you end up in Guam with some pocket change

[@2big2fail10]

Trolls in comments think the system has unlimited bailouts therefore their crypto will only go up. I will send them a get well card in short term.

[@Kitten_Stomper]

How many bailouts does the system have and how many are left? Tell us we need to know!!!

[@dr.forrestbale4132]

Since the system is based on debt (the US dollar) the system ceases to exist if the debt can not be serviced/rolled over. It can not be serviced or rolled over without new debt (bailouts). So they are in fact unlimited for as long as the dollar has any value.

[@darnold1984]

The no coiner seething is palpable

[@yvrytry5rc]

MSTR PONZI IS THE NEXT FTX BOOKMARK THIS

[@darnold1984]

@@yvrytry5rc 2 more weeks!

[@alanmrsic893]

Great stuff, thanks again!

[@maggielake-talkingmarkets]

Glad you enjoyed it!

[@JamWithJamieee]

This is great content in a market gone insane. This guest is absolutely fantastic and I will continue to follow you and his work. thank you.

[@rasserfrasser]

Nihilism, no consequence to morals, etc comes from cynicism. People are invited and tempted to entertain abnormal and sometimes even criminal mindsets when the have-nots grow into have-nevers. "People are looting stores? F it, right?!" this also helps stimulate negative dogmatic thinking, pre-subscriptions politically and financially. When your sense of self is so low as a "have-never" you have to attach, to believe in something to fill that void and "more money" will almost always be there to supplant the ego and ultimately a more strengthened sense of self.

[@Lexis.options]

Thanks for bringing Mike Green to be a guest. His research and viewpoint are sound and historically informed. It may not be a popular view in the comments section, as it based in understanding market fundamentals and not only speculation. I appreciate the hard truths. Thanks Maggie love the new podcast!

[@yvrytry5rc]

MSTR PONZI IS THE NEXT FTX BOOKMARK THIS

[@yep3410]

Speaking of Door Dash - I sold my house in CA 3 years ago. To this day, my old neighbors have never interacted with the new owners. But Door Dash and Amazon show up 3 to 5 times every day. Their life is on the keyboard. To each his own I guess.

[@Readymikeone]

There are connecting threads between Julian Brigden's 'hyper-financialisation' and MG's nihilism. Add to both of those 'movements' that the world is broke with more than 4 times global GDP in the form of global debt (unproductive debt from unproductive government deficits and corporate buybacks), you can start to piece together the sort of portfolio you need to have to stay ahead of the currency debasement/monetary inflation that all of this has caused. Thankyou Alan, Ben and Jay for enabling politicians to not address the broken fiscal for all of those years.

[@ELBigYuyo]

Fascinating! I like Mikes way to frame things out. I like his humor too. Maggie you are great! love the show.

[@maggielake-talkingmarkets]

Thank you!

[@keithholcomb8808]

Great interview. Profound and unpopular truth. It's politically possible that in the future the government would bail out 401K investors. I'm not sure the government will let people fail on a wholesale level. Well done.

[@dubasciver3234]

While I enjoyed aspects of your talk, I think the interview could have framed the conversation with some topic sentence. After a short while I had no idea what you were talking about. Maybe it is just me.

[@davenchop]

there is no politician alive who would do the things described in this video ...never ever never

[@Makronauta]

Imagine you're the smartest guy in the room, yet, you're the only one who is not making money in a sustained, absolute bull market (FIG ETF).

[@KevinOpar]

@@Makronauta their SVOL and MAXI ETFs are pretty good.

[@frankderio5757]

This was one of the best interviews I’ve seen in a while! Keep it up Maggie!

[@Honkins]

Maggie, What happened to the bear in the bathtub picture in the background - that was my favorite :-)

[@maggielake-talkingmarkets]

The bear is great, but we go as the market goes!

[@astrogumbo]

happy that Mags did her own thing. outstanding commentary from this gentlemen, as usual

[@alphafox400]

Mike Green is a smart guy and his analyses of the effects of passive investment vehicles and the hazards they present are brilliant. Unfortunately, when he insists that in order for the US to get its financial house in order, there is no alternative to raising taxes on businesses and the wealthy, he is out to lunch. In our deficit spending, absurdly indebted, grotesquely centrally micromanaged, bureaucratic, obscenely overtaxed, corrupt economy raising taxes at all will relieve the host of the little blood left in its veins. The last thing we need is to enable further increase of spending and thus even bigger government at the expense of the private sector. No totally irresponsible actor has ever been returned to responsible behavior by further incentivizing and thus enabling bad behavior. The only way out of the current mess is abolish deficit spending and grow the economy out from under the debt. In other words, we must take a chain saw to spending, regulation, corruption, the size of the government and not least of all, taxes. If the corrupt elite won’t do it, the peasants have to rise up. Otherwise all is lost as amply attested to by history.

[@sg137iu89]

@@alphafox400 You can't take a chainsaw to spending because the government has made promises to too many people for too long and they are now dependent. How about you go ahead and take office and take that chainsaw to spending? Those people will be coming to your house the next day.

[@haze1123]

Great guest and Maggie is an excellent interviewer. New subscriber and I'm following her on Spotify now as well.

[@yvrytry5rc]

MSTR PONZI IS THE NEXT FTX BOOKMARK THIS

[@maggielake-talkingmarkets]

Awesome! Thank you!

[@MattCRHughes]

I feel like too many macro interviews have no conception of the broader teleological picture. It was incredibly refreshing to see an exception to that rule.

[@muddashir]

Great work Maggie

[@samplrl]

A must listen. Michael Duncan, The History of Rome podcast.

[@vaward]

Maggie hit on it in her discussion with Michael Howell, who is a genius. If Trump would raise taxes on the wealthy so the Fed could avoid increasing its balance sheet and cause inflation, the S&P 500, BTC, and Gold would all come down in price. Since I think the odds of Trump raising taxes on the wealthy are very low, I'm investing in Gold, BTC, and S&P 500. Michael H. has a great "Beta" slide on this topic.

[@rd9102]

I don't care much about the Crypto stuff but the rest of it is important. Always love Mike Green interviews, great interview.

[@nirvaanmeharchand5896]

Great guest - excellent comments. Thank you.

[@to2455]

In short MG, we have significant loss of Social Cohesion in Global Society.. Unfortunately, these conditions historically point to the outbreak of war/s.

[@mikehardwicke23]

Great discussion - thanks. Case in point... The BTC concept was originally one of a low friction payment system not a storage of wealth. Now it appears to have been increasingly monetised - a bubble that will surely burst?

[@Thinkagain1234]

That is the argument. But then again the gold bubble has yet to burst. If you as Warren Buffett it’s a valueless rock, and he makes good sense. And yet it just keeps going for thousands of years. 🤷🏻‍♂️

[@mikehardwicke23]

​@@Thinkagain1234 Unsure whether you're agreeing or disagreeing with me - I'll assume the former. Buffet's idiom was a deep state co-opted psyop IMO. Read his father's 1948 statement to Congress - a Real Money protagonist. (Or perhaps there was father-son trauma?).

[@towncenter7602]

My how all the bitconners forgot how the snake oil ponzi salesmen sold to us bitcon as a disruptor outside the system ending the fed. And now the system adopted it and is pushing it on all of us to control us all digitally imprisoned.. just a bunch of greedy pumpers now keeping it propped up.

[@realbigugly]

​@@Thinkagain1234gold is not that great by itself, but it works well as a diversifier.

[@jasonc5512]

Solid take. Store of value is what BTC has evolved into. Half of the global wealth is in ‘store of value’ instruments. $450T market

[@surewas]

Great conversation. Thanks!

[@maggielake-talkingmarkets]

Thanks for listening!

[@haldriver1378]

Thanks Maggie!

[@ryanbowker2063]

Incredible conversation

[@maggielake-talkingmarkets]

Thank you!

[@gordpearson9802]

Another Great interview by both of you , great chemistry between you two - and Maggie , your : TheGirl" - you have the ability to adapt to each of your different guests, their backgrounds/experience. whatever, and ask the right questions to bring it down to your multiple viewer levels --- love you, gal -thank you

[@reinhardrinaldo350]

Thank you very much, great conversation 😊👍👏

[@maggielake-talkingmarkets]

Glad you enjoyed it!

[@x2ul725]

Good interview, you opened him up. Bitcoin = digital keys that provide hardcore verification to access information. You are buying digital keys inside a limited space, which is defined by price and satoshi's.

[@bruceguy2747]

Maggie, can you please ask your guests more questions with a direction and time frame. Too many finance podcasts have guests giving predictions but with no time frame and outcome. I stopped paying attention to the CNBC fast money guys after it became clear they were not holding themselves accountable and tracking their shot calls. But maybe that's too much effort for your show and not the direction you're looking for

[@SkipDulcet]

subbed, great guest, thanks

[@maggielake-talkingmarkets]

Thanks for subbing!!

[@johnmerlino7011]

Agreed Mike! Bitcoin close to hitting $100,000 a coin, $2 Trillion in valuation! For anyone able/willing to answer this question. If US Treasury auction sales are so important in supporting US deficit spending ($1.8 trillion/yr ish), Why would Trump drive Bitcoin adoption, if it weakens USD use, functions, and bond sales? Why is Bitcoin good for America? If adoption drive more 401k investment dollars away from the 60/40 portfolio into Bitcoin /Cryptos, i.e. 2%, 5%, 10% of a portfolio, how will successful weekly US Treasury bond sales continue without the long end rising in yield? Isn't Bitcoin an 'inverse war bond' that drains support away from America? What is it's affect at 5x, 10x, higher adoption? Is Bitcoin the "Treason Coin" for Americans?" Is Patriotism dead? Is Bitcoin providing accessibility of the 'political sell out', a way to profit from our own country's demise?

[@Annah382]

BTC is a life raft. The government will tell you life rafts are unsafe and unproven. Then they will say you are a traitor to your country for using the life raft. Andreas Antonopolous said these words over a decade ago.

[@jayfreedom]

I bet Mike is a cool Dad ❤

[@chasejones8302]

When does it blow?

[@keithmahorney129]

Great interview.

[@maggielake-talkingmarkets]

thank you!

[@timothykalamaros2954]

Social nihilism is the entire past 150 years of Western civilization. Nietzsche. Pointing to problem but what is the answer ? I heard things implied but why not state it clearly ? Overall good interview thanks

[@sg137iu89]

This guy is 💯. Anyone who is a fan of Bitcoin really just wants to grab resources without actually doing the work or creating real practical value in the world. Same old story.

[@contrarianoptimist]

You mean like Congress or Wall Street do?

[@sg137iu89]

@contrarianoptimist Yes, they both create real value in the world. The capital that government takes in funds almost the entire public sector projects and welfare. Wall Street corporation capital is indirectly responsible for us having this conversation and watching this video. In other words the things you use, I use and everyone you know uses EVERYDAY. And actually keeps you alive and everything moving. Bitcoin funds none of that. Maybe it helps someone convert their money to USD from an ATM in El Salvador or something like that occasionally. Hardly the same value.

[@XpackLersV]

Lmao you have zero clue wtf you're talking about. Good try though!!

[@sg137iu89]

@XpackLersV LMAO. You just proved my point.

[@sg137iu89]

@XpackLersV You do understand that the whole concept of Bitcoin was created as an alternative to government fiat right? When government embraces it as a solution and not a threat best believe it's the same old story only worse. Digital cashless control in the future.

[@Ryanrobi]

It's really the human condition the hedonic treadmill. Like I grew up as poor as you can in America single mom disabled on welfare with five kids in the most expensive state to live in and we all lived perfectly fine lives All of us had the option to go to college at healthcare went to school for able to get jobs and make good money etc. think people from the developed world really need to go spend a few months in an actual poor country You realize just how luxurious this is. I am also a farmer now and have worked in other jobs people think are hard like UPS delivery driver and it's an extremely easy job that pays pretty good. People need to be re calibrated.

[@ChrisDennis-dp3md]

Offended countless tribes in the conquest of the North American continent. Offended!?😅

[@carpusbarsum]

Very thoughtful guy.

[@25Soupy]

Austerity is a dirty word in America. Too many people want a free lunch. No one is the USA is starving to death, as a matter of fact we're dying from overeating.

[@bobbya51]

Ouch ! But statistically accurate .

[@ssing7113]

Well. And you’re dying from that debt you incurred to overeat so where does it end and actually point the finger on I use to be so type A. I enjoy eating healthy. I workout. I make tons of money. Today I walked in a grocery store and saw the “drugs” ( processed foods ) have been pumped in the veins since a child ( formula ) so I mean can we blame the American for eating overly processed manufactured malnourished garbage when it’s all they’ve ever known. I say no. I was able to take off my judgement glasses and saw these people don’t know at better. They were a cog in the wheel of the conglomerates tube feeding them

[@XpackLersV]

Imagine not understanding Bitcoin in the year 2024 lmao

[@ALEXDUSTCULT]

good stuff!

[@maggielake-talkingmarkets]

Glad you liked it!

[@LuxeonIII]

The crazy thing with micro strategy is how much emphasis Saylor puts on the bitcoins how they are fixed quantity and won’t be diluted then he continues to issue more bonds that convert to shares to the point now his stock is 350% diluted , you need to pay 350% more to buy his stock vs just buying the dam bitcoin. Or fools coin as I have coined the term.

[@darnold1984]

Fools coin has absolutely demolished your returns Cope and seethe

[@LuxeonIII]

Good thing I don’t need a spectacular return to live on though. That’s from plugging away with compounding 7 to 10% a year for 30 years. 😊

[@casamurphy]

To understand why your comment has no merit, please view mstr's recent earnings call and ponder why last week, Allianz, one of the world's largest insurance companies, bought 25% of mstr's $3 billion 0% coupon convertible debt.

[@LuxeonIII]

The reason they buy the convertible bonds is a gamma play. They buy the bonds and short the stock, assuming volatility stays high they profit on either up or down. MSTR also issues the same amount of common stock to purchase an additional $1000 of bitcoin. The bond holders have a senior position , a drop in bitcoin of 50% would still return bond holders 100% of their equity while common would plunge to zero as a new short play would ensue where they buy bitcoin and sell short the stock. It truly is a pyramid scheme. Your stock only has about 25% of a bitcoins value they are selling 1 dollar bills for 3 dollars to people that buy the stock. Bond holders don’t want the stock , it’s a trade using gamma.

[@casamurphy]

@@LuxeonIII Nope. BTW, MY stock cost basis is 50% below the NAV/share, so I won't be panic selling. Also, at the end of a bond's cycle the shares received cover their shorts so it's a wash. As long as MSTR has the ability to handle its borrowing cost and BTC continues its projected ~30% CAGR over the next 5-10+ years then the value of my shares grows ~10%/year. That's a great risk/reward play, not a pyramid scheme.

[@peterbedford2610]

His track record?

[@lindseyshaw-b5b]

This was very helpful - deep thinker makes us think as well beyond daily trading- great guest thanks maggie

[@murphyman814]

Objective Mike Green >>> Stan Druckenmiller … all day in my book

[@HedgeFundOfOne]

Unfortunately, when those Congresspeople vote for higher taxes, they always spend more again than the taxes they raised. They think that increased taxes are just an increased source of funds to be spent instead of paying down the debt and reducing spending.

[@pathologicaldoubt]

He couldn’t be more wrong about inflation

[@OldJackWolf]

I'm having an issue with how he discounted global warming as something that will have negligible impacts or that a simple fix was available in the beginning of the interview. I know otherwise and strongly suggest he furthers his education asap. NASA Earth web page is a pretty good place to start. Thx.

[@Readymikeone]

A beautiful mind, for sure 🏆🏆

[@robertwhite1810]

Why do so many people have to say "right"? at the end of nearly every sentence? Do they not have conviction. Do they need agreement on every thought and statement?

[@ChrisG-qv3on]

Oh yea, I totally love reading Ciceros accounts of Roman campaigns XD

[@MrAnarchocapitalist]

Green lied about Friedman's anti-conscription arguments. Friedman argued that conscription was immoral and incompatible with a free society, that the cost for the MIDDLE class (not the rich) was greater than the benefit, and that the high turnover rate of the conscripts was detrimental to developing the skills needed for a professional military.

[@ml9372]

Mike is very intelligent, but I’m very happy that I didn’t follow his beliefs about Bitcoin. I wonder what it will take for him to change his views

[@astrogumbo]

ill end with this: Better start searching those academies for the next Volcker coz there aint no stopping towards the lower bound once yields turn

[@ChrisAthanas]

End of financial systems always have these issues Paper money always goes poof on a long enough time line

[@stephenodey5147]

Excellent interview, Mike wouldn’t hate on bitcoin so much if he had let his wife buy it in the beginning 🤷‍♂️. Will it end in disaster, nobody knows, but I’ll let you know in 2030 .

[@up_and_at_them]

Some comments under this video remind me vividly about common attitude of "market participants" towards Rubini predictions in 2006 😱

[@classicalmusicvideos1276]

No use case???????????? the ability to transact and save value without trusting a centralized bod y that abuses that trust......what possible greater use case is there than the potential store of all value?

[@sumthinfresh]

He did lose that bet on BTC hitting 100k. BTC is a Trojan horse for CBDC’s. That’s all it is.

[@mdevvvo]

didnt lose it just yet

[@Moonlightfire88]

They should have a standing draft for boomers, Mike can volunteer first!

[@martinithechobit]

MIKE!.

[@alscott212]

To Mike Green's point about lessons learned in history books about oligarchs and aristocrats -- lest we forget the chapter about the French revolution, then... 😅

[@jayfreedom]

If this aint the most interesting discussion ive heard in a long time, then my name ain't Nathan Arizona................................................................................!

[@jerryolivarez1344]

Very interesting concept. Falling dollar debt demand and therefore less fiat currency creation leading to less M2 supply with increased velocity of M2 because of the previous rise in inflation (The money in the system would be needed to just purchase essentials not put into assets) would be your best sell signal I would think, Thanks and yes great stuff

[@Erikpdx]

Yes, falling demand, unless you compare it to every other currency

[@martinithechobit]

It's walle pay a premium to get food delivered to you.

[@LànhCôngLực]

hanks for sharing! Just a quick off-topic question: how can i withdraw my 668 TRC20 USDT from wallet to binance please help me 12 wallet recovery phrase: [pride pole obtain together second when future mask review nature potato bulb]

[@JorgeOrpinel]

Mike sounds very smart but has been consistently wrong on Bitcoin for years.

[@michaeloconnor6683]

He ain't wrong about Bitcoin, you just don't know it yet

[@gSizzzzle]

Says another person wrong about bitcoin

[@KevinOpar]

Simplify has a bitcoin ETF.

[@AK68910]

Oil haters will be wrong on oil, equity haters will be wrong on equities, gold haters will be wrong on gold, BTC haters will be wrong on BTC…and so the world turns. What matters is how well you played the game. Don’t be buht sore because you missed this one Michael…

[@Annah382]

​@michaeloconnor6683 at what price will we be wrong?

[@peterelliott2914]

It's droll that this video was right next to another one taking about homelessness in the US. What's borking the US is an economic system that shifts money up the food chain until a revolution happens. You're more than halfway there.

[@thetruthrenegade]

We lost all the old school wisdom that Generations upon gerenerationd worked through to try us to this golden age. Case in point, Mike references, the hate that is going on online, well somehow we learned through trial and error in the old school wisdom and the Phrase, "SAY IT TO MY FACE" In which case most people would just back down and the conflict is over. Now the hatet just perpetuates and permeates thought these systems until the energy eventually dies down like all systems do or even worse the So called Trauma or PTSD get' manifested in people imaginations and the unconouceous then builds a living hell for these people, I was a victim of that. I have been tudying this language phenomena and how current cultures language is wiping all the old wisdom right out the collective Consciousness. Which means This is how major Catastrophes occur. There is some much wisdom in so many phrases from the past, that we are forgetting and replacing with Idiotic Elite University thinking and theories, that have permeated thought the culture, so much so, it is getting to the point where the energy is building up so much steam that disasters are forming and we can't see how they will manifest, and all technology does is put that on steroids. No Joke, get your bible out, because it's all spelled out int he bible in what" old school language that you have to interpret to get to the meaning, the Bible is writing in a language that little reference to the technical langue we have created, so most people can't even understand it. Good Luck and God Bless.

[@mlab8]

Maggie, wish you had asked Mike where to follow is work, or included a link in the description. Thanks, great interview.

[@maggielake-talkingmarkets]

x.com/profplum99

[@posterestantejames]

I taught school for 18+ years in two states, both of which gutted their teacher retirement/pension systems. There was no meaningful way for me to continue without a realistic path towards retirement. Nihilism? Hmmm...I just thought I was doing all I could do to continue to serve without falling down dead in front of my high school students. I need number to go up because the nation state pulled the rug out from under my feet. Social Contract?! Ha! - what's the old expression? "No good deed goes unpunished"? Yeah, I need that number to go up. I've earned it.

[@25Soupy]

It is extremely difficult of us non-government, non-work pension people to feel sorry for you. Nothing like the public sector paying for the pensions of government workers while the public sector workers doesn't get a work pension. You could have and should have saved and invested like the rest of us.

[@TrevorEMayo]

Fortunately for this world they're a large number of people who don't have your attitude James. The vast majority of public servants especially teachers have salaries far below what they could have made in the private sector. And without these people making sacrifices many of us would have no option for our children to be educated. But then again you probably don't know this or if you do you probably don't care.

[@bobbya51]

@@25Soupy 🎯

[@bobbya51]

In other words , by choosing to become a " public servant " you automatically assumed you would ride the generous pension gravy train till death . The over taxed private sector has finally had enough . The unionized public school system was set up to overwhelmingly benefit it's union members , first and foremost . The voters in your school district have spoken . Sorry .

[@realbigugly]

Nobody owes you anything

[@gordpearson9802]

and Maggie/Mike - last comment, I'm mad at you two, conversion was so good,, I missed most of the Wash/Cowboys game - == Grrr LOL

[@astrogumbo]

25:19 "THE LEADER" They castrated the Masculine. Sincerely Frankfurt

[@GM4ThePeople]

"Mike Green" is an anagram for "Knee Grime". o/

[@largocaballero4914]

Wow / he’s obsessing with Bitcoin & loosing his bet with McCormack. She asks him what is top of mind as a general soft-ball KO question, and first thing he mentions is MSTR & Bitcoin. Guy is orange pulling himself. First stage is Denial.

[@pbkobold]

What was his bet?

[@thomasmazzola4760]

Bitcoin is worthless nothing. You guys will get wiped out

[@Annah382]

Streisand effect.

[@noname-yh2fv]

Boomers in denial with crypto, they effing hate cryptos

[@aridout]

He’s not a boomer.

[@19battlehill]

Bitcoin is digital Goal and its network is what gives it value --- I think the problem with Mike is his AGE. He sounds like Paul Krugman who didn't see the value in the internet.

[@spiralizing]

Thiel might he brilliant, but he is evil.

[@astrogumbo]

09:45 this is so fucking true. haha function of internet humanity hasn't gotten used to guess its just a perk and thats why looking someone in the eye is key while communicating

[@edmundlively8137]

You have to remember that Bitcoin is backed up. It is backed up by the greater fool and you can bet there's plenty of them out there. 😃😃😃😃

[@leonardsensui7835]

Thank you for a great discussion! Very informational…