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Hey everyone, let's talk about that American tycoon, the guy from the bus, who says Bitcoin is disgusting waste. This news was suggested by Carlos and Pinochet's pilot. Thanks to everyone who suggested the news, and thanks to you watching our video too. If you like our content and our channel, please don't forget to like and subscribe.
Thank you. Well, Charlie Manga is a director of Berkshire Hathaway. If you don't know this fund, know that it 's Woofer's fund. Woofer is one of the richest millionaires in the world, a guy who made a fortune from nothing, just investing in stocks, he made a huge fortune. And that's his fund, Berkshire, and this guy here is the vice-president.
Charlie Manga is the vice-president of this fund, meaning he's also a millionaire, he also makes a ton of money, and he really liked a speech he gave at a conference of this fund saying that he thought Bitcoin was waste, that he thought it was disgusting, because... well, I'm not going to... welcome, let 's go...
money that's useful for kidnappers. Extortionists and criminals in general, right? I don't like to attribute billions and billions of dollars to someone who just invented a new product. Financial finance, launched in the air, and so on. Well, folks, this is another news story about that case we always talk about here, the problem of the institutional millionaire, the person who got rich with the current system of things.
Of course, they don't like it when that system changes, right? That's what we say in the end. I think I've always thought that the left thinks that we libertarians, and even the people on the right—no, people with a "c"—I admire these big investors and so on. No, they are the capitalists. I don't know, I can't speak for everyone, obviously, but for my part, I think so.
A person who built their career alone, who rose in life, they have some merit. Now, to say that they will have some influence on what I think is a totally different thing. To treat them as an idol, to think that you have to obey them, I find it funny that this fishing boat opens up. Come back, my god, the guys like, "Oh no, Bill Gates said that you have to find the richest people and so on." We already...
He said, "This is obvious to very rich people. What they're doing is a ploy to protect their value. So, my friend, I think it's very cool, even admiration for Bill Gates. I managed to take Microsoft from zero to become the powerhouse it is today. Of course, the guy has his merit. Then, to say that's why he says taxes need to be increased, I'm going to buy into that, for me, right?
It 's great that he wants to increase taxes, and it's to his advantage because in this environment where he's already a millionaire, the ideal for him is to increase taxes to prevent competitors from catching up. That's what I say about socialism. It's a mechanism of social control. Socialists want people to grow in life, to improve their lives through government assistance.
They say this is controlled growth, unlike free-market capitalism where people rise in life through their own merit, through things they do, through the way they generate value for society. That's uncontrolled growth. These people can grow, they can compete with the very people who are already rich, and that's why socialism has become something for the very rich.
I love these things." Why are controlled growth measures necessary? Because they prevent uncontrolled market growth, which is precisely what prevents them from being overtaken by younger people with better ideas, by modern people. So, in the end, when I talk about this socialist elite in Leblon here in Rio de Janeiro, it's exactly a group of very rich people who are socialists in Brazil.
You can see this by looking at union leaders, who are the people who are in that kind of career, people who are truly socialist. Look, there are famous singers, famous artists, just people who have money. And why is that? Because they want to control people's rise; they don't want uncontrolled rise because that threatens their wealth.
They want to control that feeling, and socialism is ideal for that. So, at the same time, they pretend to be good guys and manage to control this, avoiding risk for themselves. That's the case here in Charme Manga. They know that Bitcoin is revolutionary; he probably understood what Bitcoin means, but look, from his perspective, he made his fortune, bought the attention of the State.
He's a creature of socialism; he's a socialist. It's beautiful, it's socialist, but the moment the guy asks for more... He's confessing that to stay in power, to maintain his wealth, he needs other people to pay more taxes. Think about it: if he were advocating for higher taxes for himself, he could just pay them to the tax authorities.
Here in Brazil, you can do that; you want to pay money to the government, you can. You can make a donation to the federal government, give them money, and that's it. Americans can do that too, make donations to the government, that's it. If his problem was paying more taxes, he could do that. The issue is n't that; it's that others pay more taxes precisely so they don't compete with him.
The guy has become dependent on the state, he's become a socialist, that's the tendency of PSOL. This guy here, I don't know, he seems a bit old-fashioned. Maybe he simply hasn't understood what Bitcoin means. How revolutionary is the freedom of Bitcoin? If there's any fault, he's already an intelligent guy, I wo n't say he isn't.
The guy has merit, a person who went out and built this fortune, my friend. Don't think it's easy, okay? Don't think he was born rich, I don't know, my friend, there are plenty of people who were born rich. "Rich and become poor over the course of life, there's no such thing as not doing it for oneself, it's difficult anyway, so the guy has some merit, now in which of the two things, which in this case I don't know, it could just be his lack of knowledge about the thing or it could really be fear, I swear it's fear, okay?
I think he understood Bitcoin, he's precisely worried about this because he's realizing that things are migrating to decentralized finance and this will take power away from these people. I remember I talked about DF, about their power to borrow money, open a company, do things outside the government's power control mechanisms, with this everything is much faster and these guys have a chance of becoming poor in their lifetime, it's kind of difficult, right, if you look at fortunes from the bank, then you think the guy could die poor, but I can say the way things are going, they can.
Yes, they are worried about this, this is a fear of the government and the millionaires who are out there because they see Bitcoin, see decentralized finance, as a threat to their own fortune, without them realizing that the tendency of people is..." The key is to value Bitcoin's currency precisely because it's not controlled by the government.
When money is controlled by the government, there's a huge incentive for the government to devalue it. Remember that old story Rob talks about regarding democracy? Someone is elected for four years, and after those four years, their term ends. So what's their incentive? To burn through money freely during those four years, creating debt, printing money, causing inflation.
That's a problem for the next president who comes in four years. I want to make money now. That's what happens in the United States: printing money like crazy. What happens here in Brazil? Remember Lula in 2002? Also facilitating credit, generating a ton of money, which ended up causing problems later in his government.
According to his government, one side is always the same. In the end, this won't change; the incentive is this: one president can come in, another can manage the accounts, can do a good job, but at some point, a President Vargas Llosa will come in with a natural currency because that's the incentive.
So you don't realize? We 're also escaping the role of the state... What's happening here is that they invented a financial product out of thin air. No, my friend, people realized that the current monetary product, money, is worthless. That's the issue. The issue here is realizing that what exists today, what is controlled by the state, has no value.
So, in the end, what's left is precious metals. It's an option, but I don't think it's a good option for precious metals. It's very difficult to trade and send to another person to verify if it's genuine or not. So there are a series of problems with precious metals that I do n't see as a solution for our current society.
Now, cryptocurrencies, as they are... I'm really... the guy says, "No, he wo n't go there," and so on. Look at this kind of discourse, but I said, and I don't go there. I conclude, it's not a kind of artificial substitute for gold, and since I've never bought gold, I 'll never buy Bitcoin either. Okay, it 's your right.
You see, the smart guy... the dumb guy... I'm not saying it's good because I think here, of the two, he's acting to protect the status quo and protecting the socialist elite that's there with him. And the system that's working for him, let's say it works for me, for you, for everyone, it's working wonderfully because I wanted to find this, didn't I?
And I can't fail to mention something else here in his speech, right? That Bitcoin is contrary to the interests of civilization. A very socialist trick is used. How so? He decides what the interests of civilization are? That's it, he decides. Because, as far as I know, it's not against my interest, it's against the interest of a lot of people who determine what the interest of civilization is.
That's the socialist point he already made. There is no interest of society, there is no social good, there is no social interest, that doesn't exist. A socialist union tells you that here you have to do this in the interest of society. He's simply saying the following: you have to do what's in his interest and that he thinks this is good for society.
How wrong is that society doesn't have interests, only individuals have interests. And so, if you've made it this far and liked the content, click like and subscribe to the channel. This helps me and also helps the cause of Freedom because YouTube will start recommending my videos and videos with libertarian themes more to you and other people.
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