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John Titus joined the show to explain that everyone is missing the forest for the trees with the bank crisis that is unfolding.

The core of the systemic problem stems from a liquidity crisis driven by massive depositors, not duration mismatch.

"I'm not going out like that."

John's passion for exposing the corruption of the Federal Reserve is palpable in this rip. We need more John Titus's in the world.

The system is corrupt, it has been for some time, and the only way to fix it is revolution.

https://tftc.io/tftc-podcast/427/

xmrk ₿ ⚡️ 2y ago

I don't know if I would have patience with John, when he says "what's wrong with cash?" and "who is Satoshi Nakamoto?". A bit disappointed Marty did not explain these, could be two sentences - "cash is hard to move, so favors custodians and fractional reseve", and "great minds care about ideas, not about people" ((c) Giacommo Zucco).

But good to see John at least open to the idea. And we need to understand what keeps people from bitcoin, so if this is the goal, it is good idea to not interfere and not try to convince.

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Discussion

optout 2y ago

One missed high ball was that how Satoshi was also driven by the reaction to the 2008 bailout, just as John confessed a few minutes before.

I think Marty was smart to be patient, he has a much better feel for the optimal sell-hard level.

John has confessed that he does not understand Bitcoin, but I wouldn't be surprised if that will change in 1-2 years (not necessarily suddenly though). He shares the root motivation, and that's the most important.

Many plebs understand the tech first, and need a long journey to understand the real motivations and implications; the opposite path could be less tedious.

optout 2y ago

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