The Fed Has One Move Left... That's Why Bitcoin Pumped to $65K! | Simply Originals

**SPEAKER_1** (0:00)
Bitcoin ripped back to 65k on a weak CPI print yesterday, and Bitcoin Twitter is back. We are so back, right? But I don't think the CPI is the reason Bitcoin is pumping. There's much more happening that could compound the speed of Bitcoin reaching new all-time highs. You see, yesterday, the Senate did something I thought was impossible. Honestly, I thought it was illegal or unconstitutional to even propose something like this. Let alone vote on it. Well, commit what many believe to be a treasonous act. Pretty sure Thomas Jefferson would agree. America scores a major victory as the US Senate just voted 50 to 46 to block Netanyahu's plan to merge with the US military. Yay, right? America still has some tiny semblance of sovereignty. But the world can see the US isn't what it was. And they know the CPI is a lie.
The coin clippers are working at breakneck speed. And they're going to have to to paper over their broken promises. A strategic petroleum reserve dissolving. And the world ditching the dollar because how can you trust a non-sovereign nation's currency? Something has shifted. And it's massively bullish for Bitcoin. We got a lot to get to today.

**SPEAKER_2** (1:20)
So, it's literally treason. You're handing your government to a foreign government against the will of your own people who pay for everything. I mean, my view is if there was ever a justification for shutting down Washington, it's this.
And yet it doesn't seem like there's any way to stop it. Call your congressman. Does that matter?

**Dennis Kucinich** (1:45)
Sometimes. Yeah, sure. I mean, if the people get enough calls, they get nervous. And when they start getting nervous and there's a slippage in votes, yeah, I mean, it can make a difference. Absolutely. Sure, it can make a difference. Now, you know, given APEC's influence, will it make a difference?
I don't know, but I'll say.

**SPEAKER_2** (2:03)
But you won't need APEC after this.

**SPEAKER_1** (2:06)
No.

**SPEAKER_2** (2:06)
I mean, well, I mean, Dehumiliating control and all that, I get it. But like as a practical matter, it's done.

**SPEAKER_1** (2:15)
Real quick, before we get into it, a couple years ago, I'm at a barbecue with my friend. Good dude, works hard, thinks I've lost my mind on the Bitcoin stuff. He goes, Rustin, the dollar's not going anywhere. It's the world reserve currency.
Everybody needs it. And back then, fair point. That was the whole deal. You could run up the debt. You could print. You could do whatever you wanted because the entire planet was contractually obligated to hold your paper. That was the American exorbitant privilege.
1920s, if you will. Here's the thing I wish I could go back and tell them. The reserve status was never a law of physics. It was a reputation. And reputation is the one asset. You can vaporize in a single afternoon. And yesterday was that afternoon because what the world watched wasn't a vote. It was a country debating out loud on C-SPAN, whether it still belonged to itself. And when the guy holding your IOUs watches you do that, he doesn't call. He just quietly stops rolling over the debt. Let me walk you off that ledge though, because this, this is possibly the single most bullish thing that could have ever happened for Bitcoin. Oh, and hey, don't forget to like and subscribe. Really helps us out. Helps you stay up to date with the Peaceful Revolution. But okay, let's dive into this CPI.
So the headline number CPI came in soft. Everybody's celebrating Bitcoin, Twitter's popping champagne. Cool, cool. Everything's absolutely fine. Except, and I need you to sit with this, the government controls the definition of the number they're being graded on. Think about that. That's like letting the kid grade his own report card and then throwing him a party when he gives himself an A. I want to play you James Lavish on this because he says it cleaner than I obviously ever could. Roll it.

**James Lavish** (4:05)
The Treasury and the Fed, I think that they will do what they need to do to stabilize those markets. And so that's really the thing. So if you see the stock market crashed, they may let it simmer out a little bit. But if you see it take down the bond market with it, no, there's going to be printing immediately behind it.
But you're looking for signals in the background. So one thing they could do is the Fed could take out the supplementary leverage ratio rules and remove treasuries from there. And then suddenly banks are buying more treasuries and holding more treasuries on their books. And what is that? That's inflationary. You could see some sort of acronym come out, a regular treasury enhancement system. And so next thing you know, they're buying treasuries and they say, wow, we're going to be buying seven years, and seven to 15 year treasuries. You're going to be buying those for a little bit. And it's because of this, this, and this. And it's a regular operation. There's nothing to see here. If the balance sheet is expanding, it's not regular, that's inflationary, meaning it's debasing the currency. And so those are obvious kind of flags for you to get back into those trades. Not that I've gotten out of them.