“They Are Stealing Your Money!” - Michael Saylor Reveals Why Storing Money In Banks Is a Mistake

In this short clip, Patrick Bet-David, Michael Saylor, Tom Ellsworth and Adam Sosnick talk about whether storing money in banks is a mistake.
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[@VALUETAINMENT]

Do you agree with Michael Saylor?

[@MikeR196]

For sure! Get you some on a Trezor stashed away securely.

[@johnathanmeeks58]

He sounds like a guy who is bought.

[@Kwijibob]

I haven't trusted banks at all since 2008

[@Nomad_Briggs]

He's pumping. The minute he recoups his unrealized losses, he sells everything and drives the value into the tank.

[@Kev_Ridge]

Sounds like someone who is and will be heavily underwater and is trying to get people to pump his bags.

[@fedvvvv]

I lived in Argentina for 30 years. I've seen all this before. People massively started taking their money out of the banks because a devaluation was coming. The government closed the banks and eventually, you were not allowed to take out more than $300 a month. Eventually they devaluated the currency. Then government asked the central bank to print more money because they need to give it away to their voters (who are mostly poor). The actual minister of economy comes out and says "printing money does not raise inflation". WTF. Argentina now has 104% anual inflation, 44% of the population living in poverty and the average salary is around $400. Of course, the government blames the IMF for lending the country money when it had run out of American dollars because nothing is ever their fault. Now, believe it or not, there is still a huge amount of people that are willing to vote the same government that bankrupt the country. I took off. Ain't nobody got time for that.

[@kni9ght]

Your wise and have vision which the banks try to blind, I’ve started my passport journey

[@sfrealestatedealmaker6001]

Sounds like now you’re in the same boat again?

[@chiragmehta8212]

You mean how idiots vote demoncraps here? Same thing will happen in this country. They will stay in power by making sure they cry abt minority, deviants etc

[@siihighperformancelighting2390]

​@@sfrealestatedealmaker6001 we all are

[@stinkymcstinkerton1854]

Not too different in Brazil. My friend’s parents lot everything.

[@jameswood9772]

I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

[@alexyoung3126]

Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

[@bobbymainz1160]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@williamyejun8508]

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

[@bobbymainz1160]

Rachel Sarah Parrish is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@williamyejun8508]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@Sampson-jh7yq]

While being a millionaire is a goal shared by most individuals, not everyone is adept at building significant money over time. Rich folks don't have to deal with heartless work, stressful finances, delayed trains, or other problems. Go forward now, ensure your financial security, and enjoy yourself! Have a fantastic life! Greetings! I don't think I could survive on less than $4 million in income-producing investments.

[@FrankPatrick-no8zo]

An effective strategy serves as a cornerstone in an investor's portfolio. As the level of risk increases, so does the potential for reward, making it essential to seek advice from experienced professionals for making sound decisions.

[@jose2212-]

Exactly, a good number of people discredit the effectiveness of financial advisor, but over the past 10years, I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure and that's fine by me.

[@DennisJack-km8ho]

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind

[@jose2212-]

Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@alicegomez7232]

She appears to be well-educated and vast. I ran a Google search on her name and came across her website; thank you for sharing..

[@waltzwalter]

Why are IRA contribution limits kept so LOW ($6K/$7K)? They should be made the SAME as 401k limits so that folks without a 401K can be on equal footing! Somehow this video has helped shed light on some things but I'm aiming to create a portfolio worth not less than $2m before I turn 60.

[@stevensmiddlemass2072]

Yes true, I learnt that in 2020, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $98k every month so I’ve been sticking to investing via an Advisor.

[@stevensmiddlemass2072]

Kaitlin Rose Sternberg is my advisor. She has since provided entry and exit points on the securities I concentrate on. If you want to check her out, you may do so online. I usually trade in accordance with her strategy.

[@primeramujer2138]

Really glad i bumped into this

[@YouMikeTV]

In the 90’s IRA limits were $2000-$2500! 401k was $7000. Roth IRAs contributions is after tax and growth is tax exemption. 401k contributions are tax deductible and growth is taxable once taken out.

[@Lifeisbeautiful2074]

Because govt wants to tax your $$$

[@jetkastrokdova]

As an elder millennial, one of the few advantages is having lived through the Great Recession. My advice. Reduce unnecessary expenses, increase your savings by investing in financial markets and do not sell. One thing I know for sure is that diversifying your income can help insulate you from much of the craziness going on in the world.

[@MarkMilley810]

True..... I'm thinking of investing in stocks or digital assets to grow my money for the first time, but I lack the in-depth knowledge and mental toughness to deal with these recurring market conditions. please any advice or pointer on how to outperform the market producing good returns

[@lindholmlille]

@@MarkMilley810 You're absolutely right! It just takes a good mindset and nerves of steel. I was deeply invested in 2017/2018 in a well-diversified portfolio of stocks and digital assets that grew 4x with capitalization, venturing is not necessarily just about funds but also to be well informed. It's a long term plan for me so I invest and reinvest

[@margaritasbunny]

@@lindholmlille Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/ analvsis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over 400k

[@MarthaDavis-fh6cw]

@@margaritasbunny >I'm sure the idea of a coach might sound generic or controversial to a few, but new study by investopedia found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $400k from an initially stagnant reserve of $150K all within 14months

[@leonarodwell]

@@MarthaDavis-fh6cw I've actually been thinking of reaching a portfolio-adviser, my 401k and stocks been losing everything it's gained since 2021, mind if I looked-up this one coach you use?

[@Raymondjohn2]

Well the recent events with SVB make it unlikely for the market to make significant gains soon, so it's wise to manage expectations and prepare for a potentially long recovery period. It's recommended to avoid making significant investment decisions until the economic environment stabilizes in areas of concern. It's best to exercise caution and avoid engaging with the current turbulence.

[@lipglosskitten2610]

We fail to realize that banks are commercial enterprises that are driven by greed as well. The over-leveraging of assets by banks starting in 2020 was one of the factors that led to SVB's collapse. I've never felt secure keeping a large sum of money in a bank. In other words, I invest through my financial advisor, reap the benefits, and then spend the money.

[@hermanramos7092]

@@lipglosskitten2610 Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.

[@lipglosskitten2610]

@@hermanramos7092 Catherine Morrison Evans, a well-known person in her field, is my advisor. I advise doing more study on her credentials. She is a great resource for anyone looking to understand the financial market because of her extensive experience.

[@hermanramos7092]

@@lipglosskitten2610 Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.

[@Gamingtv23658]

I hate managing my expectations. I have done that long enough and it's horseshit.

[@traviswes7082]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[@Robertgriffinne]

Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .

[@Alejandracamacho357]

Exactly ! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn

[@tommychestnut5335]

I have been investing in stocks for over 10 years now and I have made a lot of money. My portfolio has grown exponentially and I can't thank stocks and "Debra Ella Nicholas" enough for such an amazing way to make money!

[@Natalieneptune469]

@tommychestnut5335 please how can i find the lady you mentioned'?

[@tommychestnut5335]

Most likely, you can find her basic information on the net; you are welcome to do further study. `

[@nicolasbenson009]

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

[@EddyAgnes-vy4kp]

If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.

[@Jersderakerguoe]

you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.

[@Suleferdinand]

That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?

[@Jersderakerguoe]

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@CraigLloyd-fz6ns]

I checked Melissa up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response.

[@hannahdonald9071]

The removal of the Glass-Steagall Act in the late 1990s, which contributed to the dramatic failure of large banks during the financial crisis of 2007-2008, was a very unwise decision. Dodd-Frank and this Act both need to be reinstated immediately in order to avert another catastrophe. If nothing is done to fix the current issue, what happened with SVB is merely the beginning of what will occur.

[@tunnelvision3246]

In my opinion, SVB was attempting to restructure their bond portfolio, which involved selling their low-yielding bonds despite the potential loss, and compensating for it by buying higher-interest-rate bonds on the open market.

[@graceocean8323]

@@tunnelvision3246 Only a good FA will be enough to guide you through the current market volatility. I've been speaking with an advisor for a while now, primarily because I don't have the necessary expertise or stamina to handle these recurrent market conditions. The fact that I made over $220K during this downturn proved that there is more to the market than the typical person is aware of. The greatest course of action right now is to have an investing consultant, especially for people who are nearing retirement.

[@mcginnnavraj4201]

@@graceocean8323 We’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?

[@graceocean8323]

My Financial Advisor is JEANNE LYNN WOLF. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.

[@tampabayrodeo2474]

Right now, I'm literally hanging on by a straw, so your advice couldn't have come at a better time! I'll look her up on the internet and then give her a call.

[@greekbarrios]

The feds have caused chaos! Due to the collapse of these banks, investors abandoned their predictions of further interest rate hikes and dumped bank shares around the world. What is the best approach to profit from this bear market now that my $300k stock portfolio is in danger of going down?

[@MIchaelGuzman737]

In my opinion, some of these banks were attempting to restructure their bond portfolio, which involved selling their low-yielding bonds despite the potential loss and offsetting it by buying higher interest rate bonds on the open market.

[@Ammo-Hoarder]

@@MIchaelGuzman737 Despite the resilience of the economy so far, the banks' scenario warns that the effects of the Federal Reserve rate hikes persist. During such periods, investors need to stay alert to anticipate what comes next. You don't need to act on every prediction, I made over $120k profits in Q1 2023, which just goes to show that there is more to the market than the average individual is aware of. Having an investment advisor is now the best course of action, especially for those nearing retirement.

[@sommersalt88]

@@Ammo-Hoarder Would you mind telling me how to contact this specific coach using their service? Unlike the rest of us, it appears you have figured everything out.

[@Ammo-Hoarder]

My Financial adviser is ‘’Lisa Ellen Shaw’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@sommersalt88]

@@Ammo-Hoarder Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.

[@Davidstowe872]

The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.

[@SteveEstrada-js9nu]

Yes, truly, investing in the market, even if it's just the S&P 500, can keep up with inflation, because the growth rate of stocks will always exceed the inflation rate. But if you don't have the courage, you could just invest with a financial advisor, which even has greater return on investments, while securing your investment against losses.

[@ClaytonPaterson-uu6kh]

Keeping money in the bank is like paying banks and the Govemment. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!

[@Elkemartin213]

@@ClaytonPaterson-uu6kh I've been skeptical about the banks for a long time, to be honest, but didn't know how to get started with an advisor. If it's okay, can I know who your advisor is, because I need some recommendations?

[@ClaytonPaterson-uu6kh]

My advisor is ‘“Vivian Carol Gioia”, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the fina-cial market.

[@Elkemartin213]

@@ClaytonPaterson-uu6kh Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé .

[@cpm_edc]

This has aged like fine wine.

[@motopolak]

I came back to rewatch it myself

[@TheOliveBranchWolczynski]

You can say its value has inflated.

[@ghostbone]

@@TheOliveBranchWolczynski That's how assets work 😵

[@disco4535]

And we havent seen anything yet

[@user-wc5gi2lz3n]

...until the run

[@MattproThe]

As an Argentine myself, what he says is totally correct, so take notes.

[@adiintel1]

use have the world cup.... don't complain

[@victorblock3421]

The cup won’t feed you

[@adsupermusone8875]

Interesting

[@jeffk464]

Californians already think like the people that ruined economies all over South America. Don't think it can't happen here.

[@JosefFurg1611]

PBD should have Milei on the show.

[@user-wg6im5th7r]

Absolutely agree, after 2008 we bailed out the banks with taxes including there bonuses. Credibility was lost many years ago

[@Louisbrus498]

As a newbie that wants to invest, you must have these three things in mind 1. Have a long term mindset. 2. Be willing to take risk. 3. Be careful on money usage, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with a financial advisor.

[@Louisbrus498]

As a beginner investor, it's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Charlotte Goldyn . A widely known crypto consultant

[@Alexibawendi]

For real, people underestimate how much they can rake in from the stock market. I started with 127k just before the pandemic hit. Many people's portfolios tanked, but I rode through with my financial advisor, and even made more than 206k within just three months of starting, and it's been an awesome ride since then.

[@Alexibawendi]

My financial advisor is Charlotte Goldyn Allan

[@BeckerGodfrey]

I'm new to cryptocurrency and I don't understand how it really works.Can someone guide me on the right approach to investing and making profit from cryptocurrency investment?

[@KaterinaEvan159]

This is something I've heard of severally, but I just don't know how to find an advisor. If you'll be kind enough, can I ask who your financial advisor is?

[@alexyoung3126]

I'm wondering if people who went through the financial crisis in 2008 had an easier time than me right now. The stock market is making me really worried because I've lost over $27,000 in just this month and I'm not making as much money as I used to. This is making me concerned that I might not have enough money saved up for my retirement since I can't add to my savings.

[@kimyoung8414]

In a constantly changing market, there are good opportunities to make money even if the market is unpredictable. This uncertain time may actually be a chance to adjust your investments. It's helpful to work with a professional financial advisor or broker to make sure your investments are spread out in different places, which can be good for your overall investment strategy.

[@joesphcu8975]

I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. Recently my colleague advised me to hire an advisor, surprisingly I have accrued over $120K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market.

[@lawerencemiller9720]

Can you kindly provide me with the information of your investment advisor as I am currently in desperate need of one?

[@joesphcu8975]

Helene Claire Johnson is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@lawerencemiller9720]

thank you so much for this tip! Finding your coach was a breeze and I was really impressed with all the research I did on her credentials before scheduling a call. It's clear from her résumé that she's extremely knowledgeable and skilled, and I'm so excited to have the chance to talk to her.

[@DrixMaloneDFS]

True, if they can just do whatever they want with your money (investing it, or holding your funds hostage), then that's insane. The fact they can question you about your funds, what you're doing with it and whatever else, fck that smh!! That's illegal control and we shouldn't allow it!!

[@johnathanmeeks58]

The strategy is to push ppl into so much fear with the banks to make the ppl a willing participant in digital currency that they can freeze your money with the push of a button or say they've been hacked

[@kirkmcgill5185]

Sue them it’s unconstitutional

[@MikeLiteraus]

It's called the Patriot Act, and they renew it each time. 😅

[@miketheyunggod2534]

I can walk in my bank and receive any amount I have there.

[@Sajin688]

​@@miketheyunggod2534 no you can't go in tomorrow and try to pull 25,000 and let me know how it goes. Banks only have fractional reserve banking where they only have so much on hand.

[@tasosg.9405]

I found your podcast by accident few days ago and it's pure diamond..congrats on you and your team

[@bradleyjohnson6107]

Here’s the secret, in a sovereign country that makes its own fiat currency, which the United States is, they can make your money as valuable or invaluable as they see fit. It took me a while, but I finally realized that modern economics is not a science, but rather a whim of the rich and powerful, and whatever their goal is. The rich and powerful can do whatever they want with money, and they do.

[@VisionClearly]

💯% correct!

[@umoplata]

today we see the jig is up on the powers that be favouritism for America and Europe and looks like the globalist equality types have won this round unless you believe Trump and the like are the answer

[@anthonytelles2226]

Retirement used to mean productive land you can live on and eventually gift to your children; no inflation, just real security and things handed down. The problem is everyone trying to get rich through speculation instead of productive enterprises and businesses. And then we’re surprised when our whole money system screws us over

[@Tknight2324]

Amen brother!! America is a corporation not a country anymore!

[@DaKidMel33]

😂😂😂Pat laughing in the background after asking that customer service questions was hilarious

[@IEdjumacate]

The situation in Lebanon is devasting. My family is fortunate & we have a great support network, but some are not so lucky. I hate to hear it being the example of terrible currency. It’s true, it just hurts to hear. This young generation needs to be smart with their money, educate the next generation & inject money back into the economy (not the banks).

[@VisionClearly]

The horrible inflation in Lebanon is truly brutal. Thank you for not defending the indefensible!

[@blacklightfamilycircle4425]

Thank you @valuetainment for bringing people and content like this to we the people… this is beautiful

[@ApoIIo95]

Totally went over my head. I never heard where I should put my money. The good news is that I don't have any money to worry about. 😂

[@diegochavez6203]

He just said it Bitcoin

[@HeyThereItzJessie]

Precious metals, and bullets friend 😊

[@balchana3365]

Bitcoin, precious metals, blue chip AI stocks

[@DMRwerks]

No precious metals trust me I do this for living everything else is good

[@HeyThereItzJessie]

@@DMRwerks really why not friend

[@andrewdixon681]

Best guest you’ve had. Truly financial freedom and freedom from government and banks

[@SS-qu9nn]

Saylor is a genius. Not because what he knows or understands, but how he can explain.

[@yayano8415]

LOOOOOOOL spoken by a poor. If you followed his advice you would be BROOOOKE

[@stephenpaul4258]

Sorry he is not- he has a good chance of loosing all his capital with his ridiculous allocation to BTC

[@lennybrewster4673]

​@Stephen Paul how so? He bought millions when it was at like $400 per coin. It's been all profits for years lol.

[@JayEkh]

Must be a dumb genius..if you invested in bitcoin at the beginning of 2022, by the end of 2022 you would have lost 60% of your money... That better than losing it in 100 years? Your best store of value is a diversified portfolio of real and financial assets (primarily a diversified stock portfolio).. The overall stock market always moves in the direction of the economy

[@Gojimaru]

@@lennybrewster4673 He's an exception from the rule. If you put all your money in bitcoin today it can be 40k per bitcoin the next day it can be 30 20 etc. Money in banks can lose it's value for sure overnight but it's much less likely and is predictable. And you can't pay in bitcoin everywhere and almost no one pays his living expenses in bitcoin. In one word - diversification.

[@alphabeta8403]

5:00 *SPOT ON!* 5:45 USD vs PESO 6:30 Losing 15% in a NOT so good year, like 2021 7:40 Can't trust a bank 12:45 Bank predictions 15:00 BITCOIN

[@51cathey]

I like this guy. Easy to listen to and straight to the point.

[@laughattack1204]

Yes, like someone who works for the CIA

[@derrickg3494]

Great interview

[@robpar5282]

Two of my favorite minds together having a worthwhile, meaningful discussion! Thank you to Mr. Bet-David and Mr. Saylor and ALL of the behind the scenes people who make it happen!

[@Envx]

If you have a bunch of dollars and no debt in a deflationary period (similar to 08), you would be better off in dollars than if you were in bitcoin or any other asset for that matter. I think he's right when their are low interest rates, storing money is a horrible strategy. Rising interest rates, means it's time to store dollars and wait for the inevitable deflationary period to pile that stored money into depreciated assets.

[@PepeCoinMania]

No it’s not you are joking

[@antoniocruz1163]

This is very scary. Who can you trust when it comes to your money and your retirement.

[@gmGrudgeMonster]

I would love to see Michael Saylor discuss bitcoin and banking with Dave Ramsey

[@ellerellerek52]

Saylor is an expert in banking and Ramsey is clueless about bitcoin so Ramsey would look stupid

[@lisamoser5721]

@Brian Thorp8 Same here, i will praise ma’m Georgette over and over again because he has great skills, i started with $2000 and after 2week i received a returns of $6,000 then i continue with her ever since she has been delivering.

[@JamesSmith-ni4of]

How to reach out to her official 💬?

[@christophermark1192]

I make $ 23,450 weekly trading profit with her, I only trust Mrs Georgette Laura with my investments. am now able to send my kids to great schools in LA, all thanks to Ma’m Georgette .

[@jdee1703]

@@christophermark1192 I'm so happy for taking the bold step in investing a little start up capital with after a week I received my profits to my bank

[@bigtone2383]

I agree with his final statement regarding what to with your money. The best thing to do is to spread the risk over a few asset classes.

[@rosskenneger5581]

Good job. Keep it real.

[@donniedark11677]

What if internet or power grid gets shut down?

[@jasonfrank2114]

No electricity = no crypto or digital dollars

[@deezznutts6036]

That’s what I was thinking!

[@YoBarbados]

Let’s be real, they getting rid of electricity?

[@TheAntReport]

@@YoBarbados power outage due to weather maybe…how long can you survive without electricity?

[@lisabek72]

That's right

[@nangua8747]

Why no one mentioned #silver and #gold ??

[@Kharmatos13]

Stick with your local credit union. They don't do bad banking to begin with so they won't be in danger of collapse.

[@halxiii7538]

Tangibles only. No crypto or banks. Homes, land, guns+ammo.

[@NG2K15]

I live in australia where i would get maybe 1% insterest against 5-6% inflation. But notnall asian countries are risky. I save money only in my indian bank account which gives around 7-8% interest against 6-7% inflation. Banks in india always compensate for inflation. And i have almost never see big banks in india going under. Some small banks do shut down but rven there i feel the govt usually have peoples back rather than the bank's

[@keithcampbell7820]

He almost had me convinced. Then he said “Incorruptible Software” Yeah, right, it’s called software for a reason.

[@techhabits.]

Are we talking about double spending?

[@cgo225]

There's no such thing as incorruptible software because, ultimately, someone will always need to have administrator-level access to the code, which always offers a way-in for genuine errors and malice. Saylor is either being ignorant or lying - and either of those wouldn't fill me with confidence.

[@midicine2114]

​@@cgo225 The bitcoin protocol is open source and based on mathematics. There is literally no way it can become "corrupted". If anything, there are one million plus backups of the transaction data. More than any bank.

[@cgo225]

@@midicine2114 I'm sorry, but with respect, your statements do not follow logically.... How does retaining a million backups of transaction data prevent fraud? And if the system is as robust as they say, then why the need for millions of backups at all? I've worked in IT for large global organisations for almost 40 yrs - and I've seen so many failures in hardware, software (and backups) that were all "one in a million chance", and I know from experience that no system is infallible, and anytime I hear such claims, the red flags immediately go up.

[@keithcampbell7820]

@@Sl15555 So which is it? His statement is correct? Nothing in life is 100%?

[@nickhanlon9331]

It's people like Michael why I watch your channel.

[@mikkimikki5376]

Time for an update!

[@tomchoi7074]

Question- if dollar's value diminish and a million dollars can only buy what 100k worth of value, wouldn't it be a good thing if you have a large debt? Such as 30yr mortgage or business loans..?

[@WillpowerCinema]

Yes…it’s what the US government is doing…inflate away the debt 😬

[@bluezy710]

Having Adam on this team is so interesting because I find his analysis and perspectives on things to be considerably more shallow in comparison to other people who debate topics at Valuetainment but it's actually a good thing because he reflects the mindset of the majority of Millennial and the early Gen X generations so we not only get to understand where they come from but being in these discussions can help them mature their thinking. By the way, I'm a Gen Z'er.

[@Aubatron]

Zooooom

[@jsouth489]

Here is my biggest question. I am also a bitcoin holder and completely agree with 100% of what Michael is saying. What happens if the government makes crypto illegal world wide with every other nation coming on board? They shut the exchanges in this scenario. How would my crypto still have any value at all? Especially if it isnt used by companies to purchase products with. Again, I am a bitcoin holder and hold many crypto's that I believe in, I just dont know the answer.

[@alinduta5398]

they will ban crypto in the same time with cash

[@cgo225]

The answer's simple - you lose it all..... but people like Saylor will still have their yachts, and holiday homes and various holdings, so you can relax. 😊

[@tioswift3676]

@@cgo225 this is the correct answer.

[@williamhodges3941]

People can't seriously be this naive and stupid....

[@aaronmichaelmusic_]

It’s really hard to ban crypto considering that it’s decentralized… running the nodes would have to somehow be made illegal.

[@khaldounelbey3968]

Do commerce with promissory notes (promise to pay) and BOE's backed by the "Full Faith and Credit" of the United States because that is all that's backing the fiat FRN's. This is why the national debt can never be eliminated completely.

[@TRAVIESO_NA]

If what he was saying wasn’t true, then the FED wouldn’t be working on their own Crypto. 😂

[@youtubemehmetkaraaslan6862]

You are one of the most sophisticated and brilliant KZbinr/content creator I watch, and 1million percent the very best in finance. I appreciate all of your content thank you for VELR90 much love from Chicago

[@John-du2mq]

Shut up scammer

[@CJTurner512]

SCAM

[@sputnikua]

thank you, bot.

[@dont_worry_about_it.]

Hey SCAMMER, how's SCAMMING going

[@ericwilde4583]

The fall of Silicon Valley Bank has shook global markets, with investors revising their estimates for more interest rate hikes and selling bank equities throughout the world. I'm at a crossroads, considering whether to sell my plunging $200k portfolio; what's the best approach to capitalize on this down market?

[@nataliehinnes5221]

Investors should be cautious about their exposure and skeptical of new purchases, especially during periods of high inflation. In current recession, such large yields are only achievable under the guidance of a competent or trustworthy advisor.

[@gagnecaron658]

I agree that using a brokerage adviser for investing is brilliant! Prior to consulting with an advisor, I was living an investment nightmare throughout the 2008 financial crisis. In a word, with the assistance of my adviser, I've amassed almost $850k from an original $120k investment.

[@tonimhamilton2072]

I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?

[@ericwilde4583]

@@gagnecaron658 i would like to know too, please respond as soon as possible

[@gagnecaron658]

I use James Fletcher Brennan, one of the best FA’s out there, look him up

[@Mr_Negrodamus]

Pulling money from a conventional bank to put it into BTC makes no sense atm...it doesnt make sense because BTC fluctuates TOO MUCH.

[@tarik7866]

I was thinking the same. way too volatile

[@Steamerbeen]

Because its a baby & finding its feet so falling over & getting back up, once it does it will grow.

[@alanv3185]

Ik people who invest in BTC don't want to invest in Gold because they say you can't fly around with all that gold. So the obvious choice would be to buy an investment timepiece. You can fly around with that thing anywhere, albeit at the risk of getting robbed, but the ability to take it across borders exists without the problems that would come with flying with an equivalent amount in cash or gold.

[@vrsce0178]

@Angelo Balbi Yall been saying this forever and get proved wrong time to time again. Easy money if you just dca and hold for the long term.

[@fakedemocracy]

@Angelo Balbi Naw man, no way. On a side note about getting out of the country with some decent coin there are Rolex’s that hold value and worth a lot. Slip one on your wrist and throw the other in your bag.

[@paulcampbell8696]

As a person who doesn't trust anything that I can't fully comprehend, the only thing I fully trust is my garden, and my animals. Not saying there isn't risk, but I and my family can direcrly consume what comes from those assets. No outside force can decree their value to me and my family. That's what I call an investment.

[@joshscott3271]

Interesting information

[@leticiaperez5316]

Thank you

[@Verzat]

All of them are really nice picks. But the potential of project that elegantly combine blockchain and AI is Amazons VELR90 and should not be overlooked, I guess. Among them, this truly tackle real-world problems and have vibrant ecosystems, like Aiwork.

[@daheat2403]

Bro what are you even talking about

[@j.rjunior5584]

@@daheat2403 DW about him, he's a bot. I see these replies all the time.

[@bronzyriot892]

​@@j.rjunior5584 the scam is robust it has a ripoff coin market cap channel with a million subs

[@Bako-]

As a lebanese he is totally right, people lost their lifetime savings accounts and lebanese pound is worth nothing You pay 100 time more for the same water bottle since 2019

[@tyrikriggins1807]

Pat , Can you please post links to the information you read off.

[@theportugeeza]

We have a small farm... we buy farming equipment, farming land and farm maintenance.

[@generalsirc2615]

I like how Mr saylor doesn’t tell people to take their money out of crypto exchanges. If you don’t have your passcode for your Bitcoin you don’t own it and the government can take it. Saylor doesn’t mention this because most people don’t own their Bitcoin and he doesn’t want to encourage people to get out of exchanges because that’ll hurt Bitcoin.

[@aeternafortuna1644]

Yeah, nothing is indestructible...you just gotta be agile and not have all your eggs in one basket.

[@nobodymister5435]

Is that how it works? You're not selling your BTC when you're moving it to another address are you?

[@raelized]

he actually did if you listened to the whole podcast.

[@HumblePeon2]

@@nobodymister5435 When it's on an exchange you no longer have custody of the coins. That's how people lose their money when an exchange collapses. If it's in cold storage, you won't lose your money.

[@nobodymister5435]

@@HumblePeon2 I know that but when you're moving your private key to your hardware wallet, you're not selling your cryptos. The OP said that moving cryptos off the exchanges would hurt BTC and I can't understand his reasoning behind that. The only way BTC could be hurt (I do think he meant it's value) is when people sell BTC.

[@fearlv1rattata]

Michael Saylor is always awesome to listen to.

[@automatedcomment]

Imagine getting hack and losing all your bitcorn

[@SandStormXII]

💯💯

[@perspectiveflip]

​@@automatedcommentthat would not be amaising

[@jdwyer5708]

@@automatedcomment Having that FEAR in your soul.. quite literally multiplies the chance of that happening.

[@ThatMichaelTGuy]

The U.S. government is in debt for $34,000,000,000,000 (yes, Trillion) while hiring an additional 87,000 (armed) IRS agents and demands that you account for all transactions that total $600. The debt is over $100,000 for each person in America.

[@darrellhyde7978]

Outstanding!

[@tamarap387]

I'm likely pretty ignorant about how all this works, but doesn't bitcoin require that businesses would be on board to accept this as currency? And governments could possibly ban businesses from doing this...or tax them so highly on this type of usage that the businesses would falter. I believe gov'ts will find ways to undermine any use of bitcoin.

[@bestweightonyou-melitatheh7809]

Exactly… if they get their way I guess but coin will be the only thing businesses wil take… so another control they will have

[@123Redinger]

Purchase finite recourses like gold,silver , copper, aluminum. With everything turning to ev, 28% of ion batteries is graphite

[@chadbailey7038]

He’s giving you the blueprint right here.

[@UltimateBargains]

The banking crisis "contagion" is government bonds. The banks are coerced and forced to buy government bonds with customer deposits.

[@WiolciaMrozowska531]

__Rodger Michael Karl has helped us become debt-free and save for retirement. " "I made over 220K during this dip, which made it clear there's more to the market than we average joes know. Having an investment adviser is currently the best course of action, especially for those who are close to making losses.....

[@AnnaFed015]

Thank you so much for the advice. Your coach was simple to discover online. I did my research on him before I scheduled our phone call. He appears knowledgeable based on his online resume.

[@stanleyzac1648]

I just discovered his outstanding resume when I searched for his name on Google. I count it a blessing that I came across this comment section.

[@CharlesBWillz]

So far, his management group has been extremely excellent. With $14k, I generated almost 288k in compounded gains..

[@TheGor54]

Just call me. I'll help you make over a million in these troubling times.

[@ellerellerek52]

@@outdoorfun8780 who is spreading this nonsense about the "press of a button", anyway go educate yourself

[@fredcrowley3897]

who is they? and i think the better term is "using" or "leveraging" vs steeling as you volunteer your money to be with them. invest in yourself and use the proper vehicles that make the most sense for you and your situation as unfortunately there is no one size fits all here with currency.

[@Liam301987]

Your link to full podcast in the description takes you to the wrong podcast

[@chiragmehta8212]

After hearing this I just think everything is so depressing.

[@d0m3ll0tt4]

Put me in a absolute funk lol 😂

[@LiberalsRuinEverything.]

Same

[@MrGwizyadig]

This might be a dumb question, but can Bitcoin even be spent? If I have all my money in Bitcoin, how can I spend it? I don't know of any retailer who accepts it. I agree with the concept of it, but until it's widely accepted, isn't it speculative to buy a lot of it up?

[@spm0004]

The satoshi limit is hardcoded and can be updated just like any other software

[@pavanp8996]

I’m from India, it’s relatively safe compare to most of the countries, in the last one year none of the banks gone bankrupt or people lost their money. Bank called ‘yes’ bank faced some trouble, however none of the people lost the money and it didn’t require any govt handout

[@adamstokes]

Simply brilliant. The way you explain this Michael is above all others. Thank you for your service

[@SandStormXII]

👌🏾👌🏾

[@laszlovarga_]

he just put most of his money in bitcoin and then lost most of it that's why he is constantly trying to sell it, he is a salesman now... he talks you to buy so the price goes up and he can take his part out leaving you in debt so you can wait until someone puts a lot of money in there so the price goes up so you can get out of there.....

[@Kvin86]

​@@laszlovarga_ you really do not understand fiat money and Bitcoin.

[@GG17250]

You can trust Gold.

[@itssteve6018]

You can't trust that the government won't steal your gold when you try to carry it with you

[@sfrealestatedealmaker6001]

Not portable tho

[@jeremyashcraft2053]

difficult to store and transport large sums, difficult to purchase things electronically, and the same government that crashed the previous currency can kick down your door and physically take it from you.

[@cgo225]

I can carry my gold in my pockets, no need to access a network first so I can login to some exchange and hope I've remembered my password and no one's hacked my account.... Yep, I can see why BTC wins hands down - hallelujah, I was blind and now I see!

[@draen13]

@Michael Steger How to move gold if i want to leave my country? BTC fixes that. Also it can be faked and can't be stored easily. Gold is a much better store of value than paper money but BTC is just better. Imo you should own both.

[@Raymondcraw1967RaymondCrawley]

First of all, this whole economic chaos was powered by optimism that the FED is done with hiking interest rates. Now that interest rate crash is the situation, where do we go from here? How would you advise I safely allocate $250k funds at this point?

[@BrewerVera]

The market is volatile at this time, But doesn't the Federal Reserve's monetary policy and low interest rates contribute to the current valuations? hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/ETF you focus on.

[@AndersonFair-cy2bb]

Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.

[@FaithAndrada-xo9ou]

I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

[@AndersonFair-cy2bb]

'WHITNEY KAY STACY' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@OnyedikachiKing-bk6od]

Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.

[@KG-wu4xb]

I’m so glad I got into digital banking!!!

[@kindcanadian5825]

we need the opposite of fractional banking, instead of having 5% of the money its holding they should be required to hold 150-200% of the money they're holding.

[@rbtheballer]

Or just be required to say if they’re a fractional reserve bank or full reserve bank meaning they don’t loan out your money without your permission and they always have your full reserve minus what you pay them securing it! We need options maybe fractional reserve I can make more money because I’m allowing the bank to take risk with it but our current system the bank takes risk with our money and pays 0.05% then when they loose the fed prints more to devalue what we’ve already had to make up the loses!

[@DC-xr5lb]

@@rbtheballer It is illegal in the US for a bank to actually have dollars to back up their loans. Numerous people have wanted to start banks, that back up with hard assets, the money they loan out. They are stopped and blocked hard by the government, wall street and central banks.

[@rbtheballer]

@@DC-xr5lb yes if you want a banking charter but like I said instead of the current system we need options instead of a bank let’s call it a vault for our assets. If we keep worrying about what’s legal or not instead of changing the system we will never get anywhere we’ll be right were the powers that be want us!

[@callmeosho7792]

How do you hold more money than exists?

[@kindcanadian5825]

@@callmeosho7792 banks would have their own reserves equal to or greater than the clients they take on, $1 reserved for every $1 they hold. as well as only being allowed to lend their own money.

[@Slow_Hand_Path]

Patrick if funny. Saylor is hard to get a laugh from but if you can make him smirk it's like the same thing.

[@qjking322]

I see this guys point, but bitcoin is based on perceived value. For example if you bought bitcoin at 60k its now worth about half. It did drop 70% or more like four or five times. So you can't trust that either.

[@AdamMichael-jy6by]

Great answer 7:53

[@polynikes3336]

I can’t believe this conversation 😂😂

[@jaredanderson53]

It bothers him that the dollar could lose 7 percent of its value in a year but it doesn't bother him that bit coin could lose 7 percent of its value in a matter of minutes.

[@letd1995]

That’s because people are using bitcoin as an investment but it should be used as a currency. If people use it as a currency and began transacting in bitcoin it would be a lot more stable

[@villhelm]

But the dollar will never gain 7% in a year - it’s a Guaranteed loss. Bitcoin is up thousands upon thousands of percent over the last 5 years and the dollar is down.

[@vrsce0178]

@@villhelm Nobody really cares about the long term sadly. lol

[@mpetty9947]

I know too many people that lost 100% of their crypto, 1 is too many.

[@titanblooded6222]

@@mpetty9947 Crypto is not necessarily the same as BTC. Any thing other than BTC, ETH is highly speculative

[@scottscott5827]

In 2021 you said gold is dead money. Sell your gold and buy Bitcoin. It's 2023 now: 1. Bitcoin is down 50% over the last 2 years. (It has to double to break even.) 2. Gold is up 9% over the last 2 years. What now?

[@jasonmorgan27]

“The future looks bright” lmfao that’s a good one hahahaa

[@kaleenetoback7080]

Thank you for asking what the Average American should do because you're right, we are not billionaire. Your audience is most likely upper middle class and though we greatly appreciate the insight from billionaires, we need to know what us little guys can do to protect ourselves too.

[@chaplainred4263]

Patrick you got to love you man. The question you asked are 🔥and your answers are 🔥!!!! You commented that you can call Chase customer service, but can you call Bitcoin customer service 1800 Bitcoin!!! You are serious and hilarious at the same time!!!😂

[@cruelthing5594]

If shit hits the fan, no currency will help you. People will fight over food, guns and gas.

[@kristakeshishian8278]

So where do we keep it? People breaking into homes left & right so any advise as to WHERE should we store it and How much reserve should we keep at home? 3 or 6 or 12minths?

[@scottiebarnes7417]

You completely missed the point. Money/Cash in your house would lose its value every year because of inflation, just like money in the bank. He’s saying that the majority of your money should be in assets that can’t lose value from government intervention, such as crypto and land.

[@whitenip84]

Brett Favre really let himself go

[@brh2222]

Lol

[@tioswift3676]

Imagine listening to the dude talking about how you’re losing 90% of your purchasing power with the dollar, yet the same dude was calling for $100k bitcoin at EOY 2022 and now it’s at 27k lol

[@williamhodges3941]

Exactly, no more than a sleezy bitcoin salesman.

[@DoctorAtomTNT]

​@@williamhodges3941 exactly

[@SweetandFullofGrace]

He kind of has to since he is all in on Bitcoin. He is personally in Bitcoin, all the MicroStragy and subsidiaries money is in there. He is one of those guys who probably wants to ramp it up so he can start cashing out. The purchasing power compared to wages and productivity loss for workers is kind of real (not 90), we live in modern serfdom but no fucking magic digital shit is going to save you from it, even land can be taxed from you. Saving wisely and limiting loans is only way. There is no easy way saving.

[@markclemons7950]

Michael Saylor is one of the few people I can easily listen to for an hour.

[@ntobekonovukuza804]

Gold will never go out of fashion.

[@WillpowerCinema]

It already has

[@josephbroten9188]

I remember bitcoin donations being blocked for the truckers protest in Canada by the canadian government.

[@redrustyhill2]

And people's accounts frozen

[@stretch273]

They keep telling us to take money out of the bank, but they never tell us where to put it

[@msing6741]

Gold and silver

[@Uwolz]

@@msing6741 problem is quick access to your money.

[@PepeCoinMania]

He already said

[@sentry8992]

He said to put it into Bitcoin.

[@hillbillyartscrafts4367]

Idk I'm pretty sure it has more to do with the value of your property going up because of demand vs the value of the dollar collapsing

[@MRC-zi7bt]

He mentioned "warren buffet knows this" about the dollar but Warren buffet also says bitcoin is the biggest scam ever created 🙄

[@stephenpaul4258]

He is right in regard to the banks- however it also applies to theft of Crypto wallets which is continual and growing.

[@sofigag]

Dumb question: how are crypto wallets being stolen? Asking as am so on the fence with crypto😬

[@Mikepi75]

What if it was a plot twist? BitCoin was created by the government to get everyone off of paper currency 😂

[@jamalmitchell2611]

I thought it was just me! Haha I tell all my friends that Satoshi Nakamoto is Uncle Sam

[@radicaIarchitect]

You are right, it is saver to hold cbdcs because btc might be government money

[@neilcameron3021]

Its a trial run.for cbdcs.Blackrock.etc involved

[@radicaIarchitect]

@Neil Cameron you are right, we need to keep holding on to the dollar that loses value because bitcoin might be from the state but the dollar at least definitely is

[@neilcameron3021]

Bitcoin is valueď in the same usd.Massive unprecedented scam