Japan, Bitcoin & the New Currency War | What Changed This Week? | SDHT LIVE (Part One)

Five attacks for five managed transitions.

The pro dollar, the Euro dollar, the Japan carry trade, gold, and Bitcoin.

And what happened as a result of the cold card hack on Bitcoin? And what

happens tomorrow? And what does everybody that owns some Bitcoin need to know in terms of exactly what's going to happen tomorrow and what to look out

for? That's what we got to cover on this

for? That's what we got to cover on this week's Simon Dixon Hard Talk Live.

Hey, sovereign wealth builders. Simon

Dixon here and welcome to another episode of Simon Dixon Hard Talk Live.

We're going to be going live this week where Bitcoin and the global markets collided. We're going to be breaking

collided. We're going to be breaking down into two parts as always. In part

one, we'll be going through Japan. We'll

be going through Bitcoin, not only the hacks, but also what's happening with the forks this weekend and the new currency war, how it relates to the geopolitical environment, the Japan

carry trade, the petro dollar, the euro dollar, and everything that's happening in global markets. In fact, what changed this week? It was a really big week. In

this week? It was a really big week. In

part two, we'll be heading over to my interview that I did and that was on from the American Empire to the technocratic control grid. Um, I went on

a podcast with Daniel um who has a big Spanish audience, so there's some Spanish subtitles underneath as well. So, it's great to

get the message out there. Um, but we were discussing the transition and really in part one we'll be discussing how the what happened this week is really managing that transition. So,

let's do a quick review of where we're at. Um, last week we covered the whole

at. Um, last week we covered the whole cold card exploit um, which has escalated. If anyone was impacted, there

escalated. If anyone was impacted, there was a hardware wallet called uh, cold card. it was unique to that environment

card. it was unique to that environment and people have been questioning whether this was an inside job or whether there was state uh hacking or whether as uh I

believe um anything to do with fick exploits um but how it would be weaponized. So

firstly let me just put a message out there. If you hold funds on cold card

there. If you hold funds on cold card you should be moving your funds and you should be moving to a new secure environment. it was unique to the cold

environment. it was unique to the cold card wallet and the hacking is still continuing. Uh we'll be giving an update

continuing. Uh we'll be giving an update but I just wanted to put that out there.

You need to do that immediately. Um and

uh but what were we discussing the week before that? Well, we were discussing

before that? Well, we were discussing and I launched a uh released a long blog around following the money between the

BIP 110 Bitcoin improvement proposal and why I'm supporting BIP 110. Um, and I went through the game theory and I gave a big explainer. So that was two weeks

ago. Um, so when you put those together,

ago. Um, so when you put those together, you've got a big event happening this weekend. You had the cold card exploit

weekend. You had the cold card exploit before that. And I'm now going to be

before that. And I'm now going to be discussing um after we've done the geopolitical and macro side, how that actually fits into how it's being weaponized by nodes in the financial

industrial complex, including people like Michael Sailor. And we'll be digging a little bit deeper into his company strategy. So this week, what's

company strategy. So this week, what's new? Well, actually, there are five

new? Well, actually, there are five transitions that I need to discuss this week. Um one is what happened with the

week. Um one is what happened with the petro dollar. two is what's happening

petro dollar. two is what's happening with the euro dollar which is dollars created outside of the American system.

The petro the petro dollar is um the the demand for dollar being created through the pricing of oil uh particularly with regards to Saudi Arabia and the Middle East. [laughter]

East. [laughter] Um and thirdly the Japan carry trade real big movements this week but they all relate together. In fact, they were

all moving in sync around what we call the managed transition that we've been discussing a lot. Um, the other operation, of course, is the the

movement to try and get people to take their Bitcoin out of self custody and put it in custody, whether it be through IBIT, whether it be through Bitcoin

treasury companies, um, whether it be through any of those. Um and uh and also the central banks as always accumulating gold while the petro dollar, the euro

dollar and the Japan carry trade seems to be going through this managed transition which has always been my working theory that if you slowly unwind

each of those trades and positions then you end up with a reset of the world order into multiparity and therefore there are operations that need to happen at both the financial

level, the technical level, and the military level, the the fick, the mick, and the tick in order to manage that transition and take us to a world of

multipolarity.

Um, [clears throat] anyway, so what happened in the market, right? Well, let's have a little bit of

right? Well, let's have a little bit of an overview. Um, so the most important

an overview. Um, so the most important matrix that we've always covered on Simon Dixon Hard Talk Live is the 10-year US Treasury. Now remember what

I've been previously saying. Every time

it gets above 4.5% you enter into danger zone. We're now at 4.67%.

zone. We're now at 4.67%.

That is 17 uh basis points above the danger territory. What about the 30-year

danger territory. What about the 30-year bond which sets the mortgage rates sorry the 10ear sets the mortgage rates but

the 30-year bond is now at 5.24%.

throughout the whole Iran US war. Um,

every time it got above 5% we had a slight taco. Now we're starting to hit

slight taco. Now we're starting to hit real uh, you know, real desperation territory in terms of the cost of

refinancing the US debt as well as any mortgage owner that needs to refinance their debt as well as anybody else that's rolling over those debt as a result of these longer term rates. And

at the same time, as we covered last week, the Fed is getting more and more hawkish, indicating that it's not willing to cut rates, which was the whole narrative around the Trump

administration. And so during the Iran

administration. And so during the Iran war it significantly strengthened the dollar. Prior to that the dollar was

dollar. Prior to that the dollar was weakening um but weakening in terms of the index that we follow DXY which is not a great index because that's the

dollar relative to Swiss Franks to euros to uh Japanese yen. Um but we started to see a weakening again. So it's now below

the 100 mark. Uh so it was down to about $96 prior to the war. Then it went up to a peak of about 100 and above and we're

now slightly below that $100 mark. So

99.7 um77 uh which is implying a a trend or

towards some kind of weakness as a result of this Japan carry trade and the events that we're seeing this week. In

terms of uh West Texas WTI oil, it's 74 to $75. So it came up a bit more from

to $75. So it came up a bit more from its lows after the memorand memorandum of understanding was signed with Iran.

And in terms of Brent, we're now up to $77 to $78, which is the North Sea um oil uh mainly in the UK.

Um gold is kind of, you know, we had this peak of about $4,600. We're now at $4,375.

So it's steady, it's flat. There is more and more accumulation by central banks and it is still the number one reserve asset of central banks above the value

or the market cap of treasuries held by central banks. uh Bitcoin despite what

central banks. uh Bitcoin despite what is happening that the fact that we're in the midst of a civil war that's going to be moved to its next stage on Saturday

and we had the exploit of cold wallet through cold uh through cold card a specific wallet. Um it's remarkable that

specific wallet. Um it's remarkable that Bitcoin really hasn't moved. In fact,

it's been going up slightly. We're at

about $64.4 uh,000.

And of course, the market in fiscal dominance when you're rolling over the debt and you're dumping the debt on the American people and that's creating

inflation around the world that is leading to these stress situations. Um

where some foreign countries are selling bonds in order to purchase gold in terms of central banks. Um you're getting these stresses in the the yield goes up

as more people sell bonds. Uh but where does that money go? Well, it goes towards inflation hedges. Um, Bitcoin's

been flat, gold's been flat, but the stock market is ripping because that's where the value is going to as the stock market transitions to this AI

concentrated uh technocratic control grid that we'll be covering in part two.

The S&P 500 is near all-time highs again at 7,710.

So, they print the money. They then uh they then uh push it into you know government spending to boost the stock market. Um and whenever the yields on

market. Um and whenever the yields on the bonds reach the point where too many foreigners are selling them they need to do some intervention till eventually you manufacture a crisis and that crisis

justifies why the Fed can start jumping in and buying those bonds so that uh but uh they need lower and lower yields in order to do that. So, you end up buying

in order to get those yields down. Um,

and the short-term yields can't come down because it's creating more inflation. And there is the conundrum uh

inflation. And there is the conundrum uh that the American markets are facing right now. They have to roll over the

right now. They have to roll over the debt to roll over the Ponzi scheme. Um,

and that's causing this fiscal dominance. What's the side effect? The

dominance. What's the side effect? The

rich get richer, the poor get poorer, and you go deeper and deeper into this K-shaped economy. Um, but AI stocks are

K-shaped economy. Um, but AI stocks are still leading. We've had corrections.

still leading. We've had corrections.

We've had revaluations.

Uh SpaceX is below the IPO price, which is what we were uh talking about.

[clears throat] Um but there is the rotation um continues in and out around these AI stocks, but at each phase, it's propping

up the whole market. These data center buildouts, uh the knock-on effects in terms of the manufacturing that's coming from it. Um and on the activist side,

from it. Um and on the activist side, you know, people are starting to get more and more attention around these data centers being built. But anyway,

the equity markets remain resilient. Uh

the bond yields are high and concerning.

Gold flat. Oil is firm and in reaction to what's happening in the Middle East and the pro dollar. Um and Bitcoin is incredibly resilient relative to the

attacks that are happening right now. Um

and uh we'll see the result of that and we'll be going through uh but stocks are at new highs. Um and what the story the markets are telling us is again the same

thing. This is a managed transition.

thing. This is a managed transition.

This is not an escalation to a wider war or World War II according to the markets. Uh but this is a change in

markets. Uh but this is a change in empire where we have two things. The

fick is transitioning the world to multiparity.

The Mick is using those operations to get more negotiation leverage for the financial industrial complex and above that they're setting up the control grid by the tick uh the technical industrial

complex and in order to manage that transition let's take a look at Japan.

So Japan is really the biggest macro story that happened this week. Um there

was an intervention by Japan in order to protect the Japan carry trade. Just as a quick recap, Japan has historically had 0% interest rates, sometimes negative,

which has meant that people would go to a Japanese bank in order to borrow at very low or negative or even 0% interest rates. Hedge funds would do that uh and

rates. Hedge funds would do that uh and then they would invest it in US stocks or US assets. And so a big chunk the largest lender to the US government um

foreign lenders outside Cayman Island which is the hedge funds and related is Japan. So you got Japan and you've got

Japan. So you got Japan and you've got Cayman Island that is the Japan carry trade. The hedges are speculating what's

trade. The hedges are speculating what's called the basis trade uh where they're trying to use significant leverage in order to clip out money from these uh US

trying to auction and refinance their debt. uh Japan is um you know is lending

debt. uh Japan is um you know is lending to the US government which means that they take their Japanese yen which they want to have weak as an export dependent

country but because of the oil prices they don't have any of their oil they import all of their oil and so this creates a challenge when you have a weaker currency and a higher oil price

uh then your markets go sync it is also a key node in the AI trade as well and So this is causing stress. Now when

you're decoupling from the US and you're transitioning the world into multiparity, all the Bank of Japan needs to do is start in increasing its interest rates. When it increases its

interest rates. When it increases its interest rates, it breaks the Japan carry trade because the free money is no longer there. And so you need a managed

longer there. And so you need a managed transition. Now this creates a bit of a

transition. Now this creates a bit of a game between the Federal Reserve and the Bank of Japan. uh because the Bank of Japan is moving towards more independent in terms of their policy, but they're

both members of the Bank for international settlements and the Federal Reserve is the bigger node in that. And so the the the Japan and US

that. And so the the the Japan and US relationship, the Bank of Japan and the Federal Reserve relationship managed by BIS is a very important relationship. So

Japan intervened um and the US reportedly decided to join the operations. Historically, they just, you

operations. Historically, they just, you know, go out there and they put a call saying if I want to buy some Japanese yen or sell some Japanese yen, then that spooks the market and then the fund

managers tend to do the same thing and everyone reacts. It impacts bonds um and

everyone reacts. It impacts bonds um and everything. Now, the more stress that

everything. Now, the more stress that happens in Japan, the more likely Japan is to sell their treasuries. What

happens if they sell their treasuries?

Then you get um higher yields. What

happens when you get higher yields? the

US debt goes into a balloon. The the tax um you get, you know, tax receipts coming down at the same time as the cost of debt going up. And so the deficit in

America balloons out of control and it can potentially go into a spiraling where it needs to refinance more in order to roll over that at higher interest costs. Higher interest cost

interest costs. Higher interest cost means that there's more stress. The

yield starts going up. Um, and this is the the doom loop that the US is trying to intervene and make sure it doesn't happen right now. And so the US Treasury

can intervene by taking some of its own.

It has a bank account with the Federal Reserve. It also has its reserve um,

Reserve. It also has its reserve um, strategic reserve currencies as well and it holds those. It manages them via the New York Fed. This is historically where

the city of London and the new and the New York Fed have always had their relationship and their partnership because the city of London is the

largest liquid market for FX and foreign exchange in the world. So the covert MI6 CIA operations have historically happened via that relationship between

New York and the city of London. Um but

here's what's really interesting. What

would they normally do? So a normal intervention is either they go out and they start making calls and they try and get the market to react react um or they

would intervene more directly and they would sell some dollars um which means when you sell dollars you're selling bonds. When you sell bonds it means

bonds. When you sell bonds it means yields go up. When yields go up those interest rates go up and you have a problem. So they can't do that. And so

problem. So they can't do that. And so

what they're doing around the world to stop people selling their bonds is they're issuing FX swap lines. That's

where a foreign central bank can deposit their currency, borrow some dollars, and then rather selling US bonds, they take those dollars and intervene in the in

the mean in the way they wanted to do.

But this time, what happened? They

reportedly sold euros. Now here's what's interesting.

it you've got who are the largest foreign lenders and uh to the US government well after Cayman Island then you got Japan then you have UK then you have European countries um and you also

have China which has been selling down so if China has been selling down Japan is decoupling with this um uh B

you know this car the decoupling from this carry trade and uh you need to stop Japan from selling its dollars so it sells its uh bonds in order to prevent

the yields going up. Um and you'd break the Japan carry trade which is providing liquidity to the stock market in some instances to take it to new all-time

high. Then what are you going to do in

high. Then what are you going to do in order to uh buy yen? Uh well rather than doing an FX swap line in this

environment, they decided to sell euros and the European Central Bank is also via its nodes in Europe the one of the

largest bond holders. So now you got stress on the bond market from China, from Japan, from Cayman Island hedges

and Europe simultaneously.

So to me by uh by selling these euros and buying yen and not doing it with dollars you're avoiding the dollar weakness and therefore um you're you

know but we had a little bit of dollar weakness at the same time but you're trying to stop those treasuries from being sold again manage transition. Um,

what you're doing is you're protecting the treasury market, which is the debt rollover, which is the mechanism for the financial industrial complex to

socialize losses and privatize gains.

You're increasing the debt. So those

auctions still happen, dumping that on the American people. That creates

inflation, which drives traffic into the stock market. And the stock market is,

stock market. And the stock market is, you know, 92% owned by the Fick. And so

this is a wealth transfer and you do that for as long as you can until eventually the banks are no longer willing to use treasuries as their reserves and so the foreign central

banks use gold um and you manage that transition and so that really li relies into but you're reducing uh Japanese

treasury selling is the idea here just like when UAE wanted to sell some of its treasuries it got an FX swap line and in

return UAE came out of OPEC which breaks the pro dollar because OPEC was a syndicate that was formed and the negotiated outcome of that there was a

resistance after the 1973 oil embargo where the the OPEC was a resistance against the large western seven uh you know seven sister oil companies but the

settlement was the pro dollar and so when you come out of OPEC you breaking the Metro dollar. So you get to stabilize yen while the Bank of Japan

gets to increase its interest rates and then you put selling pressure on those euros as well. And so this is a slow

carry trade unwind. Um and the fact they didn't do it via a Fed swap line means that they are slowly moving to this managed transition.

And so um you know these uh these treasuries is basically directing FX intervention through the financial industrial complex um which is I think

supporting this transition to multipolarity has been my longerterm thesis that I'm testing um and at the same time if there is too much stress uh

there is uh additional facilities in the repo markets the repo facility this is the overnight lending market at the Fed

uh for banks um and So this is the facility um that has been being made available should there be any issues in the end. What is the net result of this?

the end. What is the net result of this?

Socialized losses, privatized gain, transition to multipolarity, put stress on the Japan carry trade, which then impacts through now into the Euro dollar market. And at the same time, the

market. And at the same time, the interventions in the Middle East with oil prices are putting stress on the petro dollar while the US bases are leaving or being blown up. at the same

time as China becoming strategically important to the sovereign wealth funds and at the same time um as uh uh the the Iran escalation that is

leading to the settlement of the straight of Hormuse and all the different new defense pack that don't rely upon America in the Middle East as the Middle East becomes West Asia and so

foreign central bank repo treasuries um are new instruments don't worry about all this jargon they just create new tools, new instruments, new interventions. The idea is that you

interventions. The idea is that you socialize the losses, privatize the gains into assets um and uh you basically receive uh these dollars uh

without having to sell treasuries is the idea. And that is the carry trade. Carry

idea. And that is the carry trade. Carry

trade is to borrow um cheap yen, buy US shares and that pumps the stock market to new all on on uh new all-time highs.

You need to unwind that in a very managed way so that you can dump the debt onto the national, you know, the national debt, socialize the losses and privatize the gains into the the stock

market and assets. So, is this a man managed unwind? Well, it needs to be

managed unwind? Well, it needs to be combined with the other operations. So,

what happened on the side of the petro dollar? I gave you the history. What

dollar? I gave you the history. What

happened this week? Um we had a announcement of a Saudi maritime uh defense coalition and so this is the

alternative to relying upon the US bases and the US navy to protect the seas so that America can retreat to a regional power. The FIC can create multipolarity.

power. The FIC can create multipolarity.

The tick can contrate the glo global control grid and the mick performs the operations to direct the flow of capital and lead to these new coalitions that

don't rely upon the US as world reserve currency and the US as the global hedgeimon. And so this was 43 countries

hedgeimon. And so this was 43 countries that signed up. uh 14 initial um endorsements uh came through and it was

focused on the Red Sea, Babal Mandeb um which at the moment is the settlement with Yemen and the Houthis which then touches into the Horn of Africa um and

the go the Gulf of Aiden um and these are the assets where you're seeing uh the Turkish interests and the UAE interests being settled as well as the

Saudi interests in Yemen. Um and that requires a couple of things to be settled. An agreement with Iran which

settled. An agreement with Iran which was normalized with Saudi Arabia um which was normalized via China with Saudi Arabia and then the the unwinding

of resistance. So the justification for

of resistance. So the justification for Israel as a MC node can disappear and then you transition out of the pro dollar with UAE coming out of OPEC. You

settle the ports. you create the alternative financial system and financial rails with central bank digital currencies Mbridge um and then

you also have the um the SIP's uh Chinese settlement networks and the alternative rails if you Iran's coming out of sanctions um then what do you

price that oil in and what happens to those gold routes and those oil routes that allowed via UAE Iran to circumvent those sanctions and so in order to get

there you shipping security in a post US hegemonic world fit for multipolarity.

You also need energy security and that's what this is focused on. So the Iran um Iran also uh released a draft legislation and this is not law at this

stage. is legislation which acts as

stage. is legislation which acts as negotiation leverage in these memorandum of understanding actually entering into a final agreement and final terms.

Um but it is still under discussion um in the Iran parliament at the moment. Um

but it is around pricing oil in yuan in order to uh you know get out of the straight of Hormuse or you could accept

Bitcoin payments. Now remember, Scott

Bitcoin payments. Now remember, Scott Bent came after the stable coins of Iran because they could just call uh Tether

Tether that has now been approved under the Genius Act after custodying all of their bonds with Caner Fitzgerald Howard

Lutnik. And so now, uh, Tether has

Lutnik. And so now, uh, Tether has become too big to fail, but they're taking the yield on the debt that they're holding with Caner Fitzgerald and they're purchasing Bitcoin mining,

Bitcoin, and gold and have now it one quarter last year, excuse me, became a larger um investor in gold with that yield than other central banks. So,

Tether has become too big to fail, co-opted into the FIK via Caner Fitzgerald. Then Genius Act passes and

Fitzgerald. Then Genius Act passes and remember Caner Fitzgerald has a 5% convertible bond in Tether. The assets

under management of Caner Fitzgerald are approximately $3.5 billion. If that

converts at the strike price, that is a $25 billion asset for Caner Fitzgerald.

And so Caner is incentivized to build this programmable money by holding the bonds and those those stable coins have now become too big to fail because you

can't have anyone selling their treasuries. You need them buying

treasuries. You need them buying treasuries. So the tick is pushing

treasuries. So the tick is pushing stable coin adoption. Clarity Act was delayed based upon the corruption clauses um which we'll see what comes

next. But clarity act is effectively

next. But clarity act is effectively um the tokenize everything programmable control grid uh that is emerging um and

uh and in Iran's agreement it was talking about pricing oil and the trade routes where you can pay in bitcoin or you can price it in um Chinese yuan. Now

settlement is different from pricing.

You could still price something in the dollar. That's irrelevant. is how you

dollar. That's irrelevant. is how you settle it. Um, which becomes important

settle it. Um, which becomes important and that's the one to watch. You know,

Saudi went from 100% petro dollar to 30% pro yuan to 70% pro dollar and now we've got this network of central bank digital currencies and alternative settlement

rails that happen outside Swift as well.

Um, and at the same time Iran and Aman's put together a proposal. Iran has

rejected that proposal, but Iran and Iman have discussed how they're going to do transit fees. Of course, that relates to this maritime uh protection uh you

know syndicate as well as the new security packs happening in the Middle East that don't rely upon America having its bases so it can't project power via

the petro dollar. And so this is the the the the controlled demolition in a managed format of unwinding the petro dollar. Continue to price in dollars um

dollar. Continue to price in dollars um but settle in other currencies and remove the the the what was a protection racket was really

the US projecting force via its US basis. So what's all the central banks

basis. So what's all the central banks doing? Of course they continue to buy

doing? Of course they continue to buy gold. That is slow and steady. We still

gold. That is slow and steady. We still

have the fact that in the west there are paper derivatives that far exceed the amount of gold held in custody um across

uh Switzerland, across America, across uh London markets and we've been extending the Singapore markets, the Hong Kong markets and

Shanghai um has you know doesn't have these paper contract environment. So

whenever China wants to create stress in the commodity market uh they can do something just like they did when they want to create stress in the AI market they can show how they can perform

significantly cheaper open source their code and that creates stress in the AI stock market driven stock market at the same time in the commodity market you can do the same thing they have the gold

the west has to pay for contracts and it's only when central banks lend their gold that you could that you can uh plug bug those gaps whenever anyone wants

those gold. And so that's a rugpool in

those gold. And so that's a rugpool in the making as well as the bond markets that we've already covered. You know,

this triple whammy. Now we got the currency markets and the currency wars.

So anyway, um this is a multi-factor currency attack or a managed transition rather than a controlled, you know, rather than a demolition um to this

multicurrency settlement layers that we're witnessing and we've been following all over the years as well.

It's a gradual transition. Um, but with gradual transitions, things can go wrong and when things go wrong, um, you know, uh, the FIC is there to, uh, make sure they get the liquidity and the Fed is

there to socialize the losses and privatize the gains. And with every crisis, just like in 2008, you get Black Rockck managing the the purchases or

with 2020 COVID, you get Black Rockck managing um, those uh, those contracts.

more assets end up in the Fed, the bank's dividend gets greater. Um, and

you have this concentration of power over to the financial industrial complex. So, as I said, the Euro dollar,

complex. So, as I said, the Euro dollar, the questions to ask is why use euros?

I've given you my theory um why they didn't use dollars um and uh and we need to keep watching that how that rolls out with the Japan

carry trade and does that lead to ECB and ECB member banks in Europe selling some of those treasuries?

Will there be an FX swap line? uh

because there is no separation between the European Central Bank, the Bank of Japan, the Federal Reserve all coordinated via the bank for international settlements which has its

own jurisdiction, its own army, its own police um in a building in Switzerland.

Okay. So we have stress in the petro dollar or the slow unwind. We have now moving to the Euro dollar and the stress with Europe. This is five transitions

with Europe. This is five transitions all at one one time. Um, we've got the, you know, the gold with central banks.

We've got another operation with the petro dollar, euro dollar, and Japan carry trade. So, what's the fifth one?

carry trade. So, what's the fifth one?

Well, the fifth one is the covert and over operation. Operation choke point

over operation. Operation choke point 2.0 was discussed in Senate. It was when the Fed and the OC, the regulator of

currencies, was putting pressure on Bitcoin companies um so that Wall Street and their their their uh preferred suppliers could take over and step in.

Now, that was under the Biden administration and then it pivoted during the Trump administration to Genius Act and Clarity Act. So it went

from uh control demolition to enter our our preferred players, the rise of strategy uh headed by Michael

Sailor and the rise of Black Rockck ETFs um under Larry Frink. Uh we had these operations and the end result was more

centralizing of Bitcoin in custody by the financial industrial complex. Then

what do you do? You do clarity act. You

do genius act. This is where you can tokenize securities. You will own

tokenize securities. You will own nothing and be happy. You get the Bitcoin in custody, try and centralize it, give people a security, and then

tokenize it. Um, and those on the wrong

tokenize it. Um, and those on the wrong side of the K-shaped economy get a stable coin, universal basic income.

Those on the right side, they get to concentrate the assets, but under the custody of Black Rockck, who's using Coinbase. So they took Coinbase public

Coinbase. So they took Coinbase public um as part of this uh this operation as well. Um but as part of that you need to

well. Um but as part of that you need to dissuade as much as possible. Um so I believe there is also covert operations to dissuade people from holding their

Bitcoin in self- custody which then leads to what's coming this weekend um which is the resistance by node operators against black rockck strategy

the miners the big love corporate interest which mirrors very similar but a different flavor to what happened in 2017. If you swap out Barry Silbert and

2017. If you swap out Barry Silbert and Digital Currency Group and the New York agreement in 2017 with Strategy, Coinbase um and BlackRock and then all

the nodes that come from that like can Fitzgerald then you see a similar thing which is trying to centralize as much Bitcoin as possible trying to influence

polic policy to tokenize and create the technocratic control grid um and dissuade cold storage as much as possible and self-custody so that you

can't run nodes against the corporate interest because the way that Bitcoin works is you have developers, you have and so Black Rockck and everyone was announcing new budgets to fund

developers. You have miners which are

developers. You have miners which are largely public companies in the US or the largest private Bitcoin miner is Tether. So you capture that. The only

Tether. So you capture that. The only

last line of attack is if people hold it in self-custody and run nodes is you have node operators which is ordinary people. So what was the last block size

people. So what was the last block size war? It was because Tether was bloating

war? It was because Tether was bloating the Bitcoin blockchain via Omni um which led to a huge transaction fees. There

was a debate over increasing block size to make transaction fees lower. But

there's a trade-off. If you increase block sizes, it reduces fees, but it makes it more expensive to run nodes, which reduces the number of nodes, and

only large economic nodes um end up bothering to pay for it. So, the more expensive it gets, because remember, one node is one vote.

There's no difference between a node with a 100,000 Bitcoin and a node with 0.01 Bitcoin. One node, one vote. So the only

Bitcoin. One node, one vote. So the only way to concentrate and centralize nodes is to make it expensive to run those nodes. So only companies are

nodes. So only companies are incentivized to do it rather than the average person. Um and one way of doing

average person. Um and one way of doing that is by filling up the blocks and making it expensive. So you incentivize people um to increase that block size

and make it more expensive. Um, now

we've had a different one with spam wars, which is uh really culminating in what happens today, tomorrow, August the 7th, August the 8th is what where we'll

get an understanding of what comes next.

Does this transition with nodes enforcing their power or do we enter into a more dangerous war? We

will know tomorrow. Um, so what led up to that? Well, the cold card hack and

to that? Well, the cold card hack and what did the cold hot cold hack do?

Follow the money. Who benefits? Big

Bitcoin, the financial industrial complex, and everyone going away and saying, "Oh, this wasn't unique to cold card. It was actually self-custody.

card. It was actually self-custody.

So, don't self-custody. Buy some

strategy stock. Buy some iBit um and uh or put it on Coinbase is the end result.

Now, let me get the two difference. I'm

discussing the operations and I'm discussing you as an individual. You

need to keep your Bitcoin safe. And so,

you need to think about that as your primary thing. The operations is what

primary thing. The operations is what I'm keeping an eye on because I was prepared for the attack. But those that were unprepared for the attack, they obviously need to focus on protecting

their Bitcoin. Don't confuse the two.

their Bitcoin. Don't confuse the two.

Then in a calm environment um you hopefully get back to joining us in self custody and running nodes or whatever it may be. Fortunately there is a big spike

may be. Fortunately there is a big spike in nodes. But where it's very strange

in nodes. But where it's very strange those nodes the big increase has been the nodes running not and um and signaling for bit 110.

Um there was also a big increase in nodes running a very old version of Bitcoin bit u you know um uh bit 27

rather than bit 30 uh v30 sorry v27 rather than v30.

Now, the fact that those have gone up significantly implies a coordinated um hostile attack to try and keep it hidden. How many people are signaling

hidden. How many people are signaling knots because the number of knots nodes is going up and up and up. I think it's about 18,000 or something right now, but

the percentage has remained constant.

Um, Matthew Crater did a video where he showed that um, by putting nodes up that is signaling for an old version of Bitcoin Core, you're able to make that

percentage look constant at the very same time as the timing of this cold card hack. So, the community is asking a

card hack. So, the community is asking a lot more questions. So, I already covered the exploit um, last week or a couple of weeks. Yeah, last week I think

um, it is to do with cold card. it was

is to do with how the seed phrase is generated and it was a very low insecure entropy. Um you can go through the video

entropy. Um you can go through the video last week if you want to have a bit more on that or there's videos all around the internet to help you understand this. Um

but the interesting thing is that now the community is you know is going through everything doing the the open-source due diligence.

It looks like there was already historical wallet drains with coal card already in 2022 and there was a 2022 Reddit case where it was explained and

there was significant implications that those involved in cold card knew about this, ignored it. Um,

and the entropy bug timeline is being investigated. I've not reached a

investigated. I've not reached a conclusion yet. I'm just looking through

conclusion yet. I'm just looking through the incentives and letting you know that we will figure this out. The other thing is that the hack was just like Bitfinex.

The hardest thing of a hack is spending the Bitcoin because the Bitcoin then sits in a wallet that everyone traces.

So, it's virtually impossible to spend which is why the Bitcoin the Bitfinex hack bitcoin ended up being returned minus some ransom power structure um as

well. Uh but

well. Uh but these are bitcoins that were swept into an address that everyone's watching. So,

it's going to be very hard to spend them. So, it means there's an

them. So, it means there's an alternative motive or they think they can spend those bitcoins somehow, which is how you get caught. It's very, very hard to steal Bitcoin at scale and not

get caught. It's in fact virtually

get caught. It's in fact virtually impossible, no matter how long it takes.

So, you can only leave them there, which means why did the hack happen in the first place if it wasn't financial. Um,

I believe it was alternative motives, but we will investigate that as well. So

researchers are now revisiting earlier thefts related to cold card. Um larger

estimated losses are happening at the moment. The attack still continues. You

moment. The attack still continues. You

need to be off cold card. AI is

accelerating its attack vector based upon this unique weakness of what looks like a bad actor right now. Um but the technical investigations continue as

well. So AI is a counterforce as well.

well. So AI is a counterforce as well.

And so we're entering into that AI war.

Uh but as I said, anyone using cold card, you need to move your coins. You

need to move to a new environment and you need to study entropy because this is perfectly fixable. There's no issue with Bitcoin. There's no issue with

with Bitcoin. There's no issue with those wallets that have high entropy. Uh

this was just code that was identified, exploited, and allowed to persist and then exploited one week before

um this this operation to determine how important nodes are in resisting against corporate interests. So there's lots of

corporate interests. So there's lots of community theories and uh we'll continue to investigate them. But it looks like and the question that they're asking is

if Colard knew was it simply that they decided that they wanted to allow this to exist or was there a greater ulterior motive? Was this an insider job? was

motive? Was this an insider job? was

this state and in my estimation the state is always used by the military-industrial complex and the financial industrial complex cuz Mick is subordinate to FIC and so the timing is

very suspicious. These are all questions

very suspicious. These are all questions worth asking. We don't have the answer

worth asking. We don't have the answer yet, but we do know that tomorrow the BIP 110 hard fork um or the BIP 110 implementation, got to get the words

right. Um it's not a hard fork yet, is

right. Um it's not a hard fork yet, is already um hap is happening. I explained

it. You can go to my blog on simon dixon.com where I explained in very detail around the game theory, follow the money, the actors behind it, what I'm doing, why I'm doing it, at what

point I stop, at what point I support.

Right now I am in full support of demonstrating that node operators can resist against the financial industrial complex and the players that have been

wrapped into um the FIG. And so I've already explained all of that. So what

happened what what I think is most useful is explaining what happens tomorrow so that you can keep an eye on it. So this weekend um we have what's

it. So this weekend um we have what's called mandatory signaling. And so the miners right now if they want they can signal on whether they support BIP 110

or whether they're actually going to mine you know uh BIP 110. Um now there are different parts of the ecosystem that I want you to understand. There are

the ASIC manufacturers which mainly manufactured in China. They rely upon um companies in China and they rely upon

semiconductor chips in Taiwan. They end

up specific equipment that is mined who for whoever wants to purchase them and mine Bitcoin. So the ones um in uh

mine Bitcoin. So the ones um in uh America and China are like the biggest nodes. There's Russia, there's Iran, um

nodes. There's Russia, there's Iran, um there's other places as well. Um but the most significant is the ones that are mined in China

um and in Russia and also in America.

Now, the American ones split into public companies and then you have big miners like Tether that that plan to be the biggest miner because they're using the

US debt in order to build a large private Bitcoin mining operation. So,

what happens right now is those miners then point their hash power, their AS6, their electricity towards a mining pool.

And a mining pool is pulling together lots of different miners. So there's

miners all around the world. They point

towards a pool and that pool gets to signal. Now it's mandatory signaling

signal. Now it's mandatory signaling tomorrow. If the miners use a different

tomorrow. If the miners use a different type of software like a pool like ocean um which is the pool used and was developed by the you know the same type

of people behind BIP 110. Then the

miners that are actually running their own mining, they get to signal and set the rules themselves. And this is kind of, you know, where it was a resistance against mining pools. Who are the

largest mining pools? Well, Foundry is one of them. Apool, F2, Ample, F2, uh, they came from the Chinese Bitcoin

ecosystem. and Foundry is connected to

ecosystem. and Foundry is connected to Barry Silbert's digital currency group who was the corporate conglomerate

behind the big the big block size in the New York agreement that happened in 2017 and then we met in Hong Kong with the miners, the developers um and some of

the corporate interests um and the New York agreement was you know basically what led to the resistance by node operators. it was called a user

operators. it was called a user activated soft. So the importance is

activated soft. So the importance is what happens what does Foundry do what does an do what does F2P do um and also

how many miners start using their own um signaling so the 2.6% 6% that are M that are signaling from the miners for BIP

110 right now is the current state of play right before last time in 2017 that held right until the last block and then right until the last block when you had

the activation um you got this massive spike in signaling uh from the miners.

Now if they signal then Bitcoin continues as usual. So, uh, you know, that's, uh, that's the okay, we're we're not entering into a more violent war,

um, type of thing. And so, it's all upon the miners. Now, currently, they're

the miners. Now, currently, they're signaling 2.6%.

It has to get to 55%.

Which really means what will Foundry do?

What will F2 do? Um, and what will, um, uh, Ample do? Um, and there are other players that can coordinate and play the game theory as well. Um the voluntary

threshold as I said historically has been like 95%. In the block in the in the first block war it was 95%. In this

one we need minor signaling of 55%.

That's the threshold at which we enter into this um uninterrupted uh process. And so there's two scenarios

uh process. And so there's two scenarios from tomorrow. Scenario one is that the

from tomorrow. Scenario one is that the pool signal if the pull signal when we get above 55%.

Then the the network is united um is uninterrupted um it means that activation path has already happened. It will be active and

already happened. It will be active and then there's a one-year process but the activation path continues. It's

uninterrupted. the community, the nodes and the miners agree and really nothing dramatic will happen if we get above 55%.

There is a second scenario that can happen tomorrow and then I need to let you know what you can do. Um the second scenario is that we remain where we are

2.6% activation and the miners refuse the rules that the nodes are signaling you know 20 20% of the the nodes are signaling that they want. Now remember

that's why there's that attack on the nodes to manipulate the numbers because the nodes are signaling. It's the

fastest increase in nodes that have decided you know that that are signaling um and running knots as an alternative

implementation to the core developers.

So um if they do this then bit 110 nodes are effectively rejecting they're rejecting what the miners are mining. So

the nodes enforce the rules, the miners um decide what blocks you know are are mining the blocks and the pools get to signal or in the case of ocean they

signal as well which is why you got this 2.6%.

So if that stays exactly where we are then it's up to you know then basically we're in a civil war. Now a civil war is a dramatic term but what happened during

the last civil war is there are risks and so people should cease activity with their bitcoin and they should just sit it out. At that stage you get a trading

it out. At that stage you get a trading effort amongst exchanges, wallet providers and various other things um that determine what is going to be

Bitcoin when people are contentious around this. This is how we resolve our

around this. This is how we resolve our civil wars as per the rules of mass and code and the construct of this decentralized network. So if core

decentralized network. So if core followers um are the majority hash then we end up with a possible competing chain. This is what happens with Bitcoin

chain. This is what happens with Bitcoin Cash. You end up with a competing chain

Cash. You end up with a competing chain where you know you're going to get to a competing chain when I don't want to go too geeky but they implement replay protection. That means that a

protection. That means that a transaction on one chain um is either replayed or not replayed on another chain. It's a clear split when you have

chain. It's a clear split when you have replay protection. At the moment, we

replay protection. At the moment, we could end up in a scenario where there is a competing chain. What does that mean? Everyone that had the legacy

mean? Everyone that had the legacy Bitcoin ends up with new Bitcoin as well, two coins. One of them either with replay protection becomes a shitcoin and

goes off on its own direction or we solve the consensus. Um and that is when the miners and the nodes through the rules of mass and code um uh settle how

this is going to be done and there is counter moves. I covered those. Now

counter moves. I covered those. Now

there wasn't a minor resisted soft fork.

So this is happening tomorrow unless something happens. I don't think there

something happens. I don't think there will be. Uh but there is that replay

will be. Uh but there is that replay risk that's not been resolved yet. So,

what this means is that typically exchanges require higher numbers of confirmations. In the last one, Coinbase

confirmations. In the last one, Coinbase got really hit. Um, when there was no replay protection, I think this happened during the Ethereum hard fork as well.

Coinbase ended up with a massive loss.

And so, exchanges will de demand more and more confirmations because they got hit by that. Exchange sometimes pauses and they decide to cease trading while

it's being resolved. um lightning uh might be cautious because the way it's constructed on layer 2 is if you have,

you know, two um [clears throat] channels and one is on one chain and one's on the other, this could be very confusing. I don't want to go too geeky,

confusing. I don't want to go too geeky, but anyway, caution prevails. Parts of

the ecosystem decide where they're going to be. We enter into the game theory,

to be. We enter into the game theory, the game is set, and we end up stronger over the other side. And the the last

time we showed that nodes had power against corporate capture. And that's a very important thing to show here.

So um in terms of user guidance, here's what I just want you to know. Remember

there's the game, there's the civil war, and there's you protecting yourself.

Um if there is no split, if the signaling happens, everything's normal.

You don't need to worry about yourself.

You're just dealing with if you have exposure to cold card. As I said, it's a miracle that Bitcoin price is like this, incredibly strong relative to where we

were this time, last time in the Civil War. Um, but if it splits, then my

War. Um, but if it splits, then my suggestions is make sure you have sorted out your cold card situation. If you're

one of those 5,000 users that are exposed, make sure you have sort that that out now because once we move to this, if we end up in a split scenario, your job is

to wait. You don't want to be moving

to wait. You don't want to be moving coins. This is why I'm very suspicious

coins. This is why I'm very suspicious about the coordination and the timing of this attack. You know, this is designed

this attack. You know, this is designed to create maximum chaos if it were a coordinated attack. And what do they

coordinated attack. And what do they want you to do? They want you to take your coins, give them to Coinbase so that they can decide for you. You're

taking nodes off the network. When

you're trying to discourage self-custody and running nodes, you're taking self-custody and node operators that resist one vote against the power of

Coinbase, Black Rockck, and Strategy, and you put them in Coinbase. You put

them in strategy. you put them in IBIT, you know, and that's the idea. That's

why they want to centralize so there's less to resist against. This is the attack vector. Um, and so all these

attack vector. Um, and so all these exchanges, they, you know, you'll, you'll see probably extra confirmation.

And so what will I do? I will be watching the exchanges if we enter into this scenario. Um, this can be avoided

this scenario. Um, this can be avoided by the signaling happen. It's completely

unnecessary. Um, you know, the this it doesn't need to happen. in this way and then we can go through the rules that are set and as long as nodes can

determine that they can resist against corporate capture then the financial industrial complex has lost on their mission.

So any anyway like what happened this week and what happened next um the largest corporate Bitcoin holders they all spoke out against Bit 110 and

asked the node operators to stand down.

So they were asking. So this shows you now why if this didn't matter would someone like strategy even ask the community to stand out is because

strategy knows and they're trying to exert their influence over the Bitcoin network. Um and the uh at the same time

network. Um and the uh at the same time as announcing that they're putting together budgets to fund developers. So

then we have this attack. So we have an attack on nodes, an attack on you know um the central or attack by the

centralizing forces which is the miners and the corporate interests that are also looking to fund the developers at the same time. So

um this could be at the government level, this could be the intelligence level, this could be the fick level, it could be just a set of incentives. Um we

don't know for sure. Um but the you know this is a an important one for us to watch for you to learn from. Um and we need to show that the defense actually

prevails.

Now uh I was on X spaces this weekend and I was very surprised that people didn't know uh much about strategy and its background and its departments. Um I

noticed that uh Stala was on diary of a CEO um this weekend. uh or or it came out this week rather. Um and many people didn't don't even know that uh the

defense contract and the intelligence division that exists within strategy. Um

now this could be as I said this could be you know um [clears throat] there's a department within strategy the company. I always talk about incentives.

company. I always talk about incentives.

I never focus on characters and personalities and attacks. I just talk about incentives and I just talk about architecture and constructs so I can try

and remove some of the drama and everyone wants to draw you into drama and debates and Jerry Springer and all that stuff. You ain't going to get me

that stuff. You ain't going to get me there. This is about understanding um

there. This is about understanding um governance structure, incentives, networks, and how to remain complicit with the FIC when you have public

companies which is why they want more public companies. Um but Micro Strategy

public companies. Um but Micro Strategy has government services. Um some of his services were launched in 2022.

Um and there is a member of the board, let me get the name right, [clears throat] uh Karen Shiffa. Um if

you haven't looked her up, just look it up on AI. Karen Shiffa worked 26 years with the CIA. Um she's the director of

intelligence programs. Um, and she was also in charge of National Security Council as well as, listen to this, managed presidential

covert action programs, covert operations, works within Strategy.

Strategy, the public company that is subordinate to FIC that sells intelligent software and has members on the board with 26 years experience in

covert CIA operations. She also

represent she's a representative to the FBI national security branch now. Okay, maybe just one. What about

now. Okay, maybe just one. What about

the other member? Uh Tom Aikin. He's the

former acting assistant secretary of defense. Um the homeland sorry.

defense. Um the homeland sorry.

[clears throat] Yeah. Part of the a history in homeland

Yeah. Part of the a history in homeland defense. What about sailor himself?

defense. What about sailor himself?

Well, Sailor actually comes from a background. He was actually commissioned

background. He was actually commissioned into the US Air Force himself. And so

these are just the facts. These are just the circles, the networks involved in the largest corporate purchaser of

Bitcoin that owns 840,000.

And as soon as we get to this stage, he starts launching, he starts talking on Diary of a CEO how he created debt instruments with AI. Now think through

this. AI guides Michael Sailor how to

this. AI guides Michael Sailor how to create debt instruments. those debt

instruments. He was talking about how he raised $15 billion from the thick, the financial industrial complex, loading up a public company with debt.

Um, and then AI creates a product according to Sailor, which then leads to commitments in dividends and debt repayments that decouple from the

premium that the company once had over their Bitcoin asset value, crashes the price of STRC, uh, which was their, um, instrument that pays fixed dividends that they can

remove at any point, and then they have to start selling Bitcoin in order to pay dividends to the FIK. So

the FIC is receiving these dividends and any STRC holders while AI is telling them how to construct a product that raises 15 billions that makes it subordinate that then leads to having to

sell some of the Bitcoin and then now a budget is set by strategy with Black Rockck in order to fund developers on security while simultaneously there is

operations that discourage self-custody bitcoin into custody and where is strategy Coinbase uh costing that bitcoin with Coinbase and Fidelity.

Where is BlackRock uh cying that Bitcoin with Coinbase? Where is the US

with Coinbase? Where is the US government which is seizing bitcoins for their Bitcoin strategic reserves via the Department of Justice? The same one that

has these governmental contracts. Where

are they holding their Bitcoin? With

Coinbase.

So net effect, coordinated or what? This

is about trying to take out the nodes and our resistance to the fick is the nodes and making it cheap for nodes to run. This has always been the battle.

run. This has always been the battle.

The divide and conquer is coming back again. And what do they want to do when

again. And what do they want to do when they conquer? They want you to put your

they conquer? They want you to put your Bitcoin in a public company so they can issue you a security and then Black Rockck wants to tokenize it so you will

own nothing and be happy. And when they rugpool your assets with the flash crash, just like they did to Binance on 10th of 1010 last year, then you end up getting margin called if you borrow

against it, which is Howard Lutnik's role as he brings more and more parts of the ecosystem into these treasury companies. Um, and then you are issued

companies. Um, and then you are issued if you have no assets, a stable coin and a central bank digital currency so that you will be happy.

um and AI will take your job at the same time. So understand the incentives and

time. So understand the incentives and what the resistance is. This is a digital resistance. It's not digital

digital resistance. It's not digital credit. It's not digital whatever.

credit. It's not digital whatever.

Um it is a digital resistance one through self-custody and nodes. Um so

research yourself. You decide what that means. I just wanted to give you the

means. I just wanted to give you the context. It's not proof that this is an

context. It's not proof that this is an intelligence op, but you decide.

Okay. Anyway,

um what happened this week? Anyway, so

Michael Daylor goes on Diary of CEO, the second largest podcast in the world, um to discuss fake Bitcoin over Bitcoin.

Um, and we have this, um, [clears throat] you know, uh, BIP 110 side that's happening simultaneously.

Um, and Michael Sailor decides to come out publicly on X and say that BIP 110 please stand down was his words. Um he

made it out like this, you know, that the nodes deciding what rules they want to enforce against the centralizing forces and the corporate interest um that we should

stand down in order to avoid a contentious fork, which is true.

But this is what if if the nodes are able to resist against this, then what does that mean? And that's

what we're going to find out over the next year or so. And of course, Adam Bach that was working with Caner Fitzgerald to create a Bitcoin treasury

company and likely roll in Blockstream that has a lot of controversy right now.

Um and uh after we had um you know the the revelations in the Epstein files around funding um and remember many people think Adam Back was like around

during Satoshi time. Adam was catching up on Bitcoin in 2013. He launched

Blockstream in 2014 to centralize many of the developers at the same time as Epstein working with Brock Pierce in order to facilitate investments into

Blockstream.

Um, and there was a resistance out of that um which was you know Luke Dash Jr. that was hired as an advisor to Blockstream

um that started you know also which is connected to BIP 110 I covered these things in my blog I don't want to go too deep but anyway of course Adam back and

Blockstream are opposed to this um and the bigger question is what is the real thing here who governs Bitcoin

at the moment the way that the in that keeps us decentralized is the fact that nodes are able to resist as I head. But

is it developers? What happens if all developers can be captured? Will you

create competing um implementations?

And when you create competing implementations, what if they get corrupted? Well, it's Bitcoin

corrupted? Well, it's Bitcoin improvement proposals and then they can't do it on their own because it is the miners that mine the blocks and it is the nodes that decide that enforce

the rules. As long as that persists, the

the rules. As long as that persists, the VIT can do what they want. Um and you can see the different things they are doing. But is it the developers? Is it

doing. But is it the developers? Is it

the mining pools? Is it the ASIC owners?

Or is it the node operators? And does

that maintain? Because when you try and centralize all of them to the FIC, uh then we don't have the resistance and

it will be the big Bitcoiners that decide what happens. Is it the ETF issuers at that point? Is it the corporate treasury companies at that

point? Well, that is the battle. So,

point? Well, that is the battle. So,

don't fall for any of the covert operations.

And this is at the highest level, you know, to think that we would create money outside the system and not have the highest level of power attack us all

the way, which is why I'm still here, you know, um, after all the people that dropped out. I'm still here after 15

dropped out. I'm still here after 15 years. I'm still giving content. I'm

years. I'm still giving content. I'm

still trying to share that experience.

I'm still trying to build the resistance and knocking my glasses off my face cuz I'm trying to help you remain sovereign while we fight for what is our one of

our biggest tools of resistance to remain sovereign.

So, in closing, um, watch what happens this weekend. I'll obviously report on

this weekend. I'll obviously report on it next weekend. Um so watch what the what happens with Treasury yields. Do we

get a further blowout? Um and what will be the reaction if yields continue to go up um on the 10-year and the 30-year? Uh

watch the yen. We need to see what happens. What is the intervention? How

happens. What is the intervention? How

does it intersect with euro the euro dollar? How does this intersect with the

dollar? How does this intersect with the oil prices based upon the petro dollar?

Um and how does this uh transition in the Japan carry trade? What does the Fed do? What does the ECB do? What does the

do? What does the ECB do? What does the Bank of Japan do? Keep watching that.

Also, watch gold. Watch it as a percentage to how many central banks are holding US treasuries in this transition. Watch the oil price. At the

transition. Watch the oil price. At the

moment, there's nothing as indicating to me when you put all that together that we're moving to World War II. What is

indicating to me is a movement towards multipolarity while building a a global control grid, which has been my long-term thesis. And so watch Bitcoin

long-term thesis. And so watch Bitcoin and we'll see what happens with the signaling and uh if we have over 50 5%

signaling then we can watch bit 110 and uh and uh you know we end up with a peaceful transition or we enter into a civil war in which case your job is to

make sure you fixed your cold card situation if you're exposed get those bitcoin off cold card and uh then watch calmly and if you end up with your coins

in an exchange because of this the OP.

Remember, protect yourself first. That's

very important. But if you end up in an exchange, then you lose your ability to participate in this battle and you hand it over to the FIC. Now, as I said, in

order of importance, your money, if you need to get it over to the Fick, then don't participate in this. If you can get it over beforehand, uh, then you can participate in this. But I don't want

you to I do want you to rush out a cold card if you still got money there. But I

don't want you to rush end up on an exchange and then make a silly mistake while you're setting up your secure environment. You have to take time with

environment. You have to take time with that. Just accept um there are many

that. Just accept um there are many other people on this battle. There's

enough of us um and you can come back and join us on another day. But if you lose your Bitcoin, then you're out of the battle. um it's better to keep your

the battle. um it's better to keep your Bitcoin and then come back and fight with us another day if that's your only choice. Otherwise, join us on the battle

choice. Otherwise, join us on the battle um you know, run your node, continue in self custody and use this as an opportunity uh to explore those things

you wanted to explore like multi-IGS um rolling dice for entropy and everything you should be doing as you want to build your sovereign protection uh from these attack vectors.

So, of course, I'll be watching the mining pools. That's the most important

mining pools. That's the most important thing. And then if the mining pools

thing. And then if the mining pools don't signal, I'll be watching the exchanges. So, in summary, five

exchanges. So, in summary, five transitions all coming to a historical point this week. The pro dollar, the

Euro dollar, the Japan carry trade, gold, and Bitcoin. So my final question, are policy makers managing a transition

into a new monetary order? Are these

covert operations? Are these over operations? And who controls the policy

operations? And who controls the policy makers? Follow the money. I'm on chapter

makers? Follow the money. I'm on chapter 20 now of my book, Game of Money. uh to

help you understand how to read all these parameters and most importantly build a sovereign plan so that you can manage a transition from any subordination to sovereign vectors. It's

not a Bitcoin book, it's a sovereign book. Um interestingly, uh just to give

book. Um interestingly, uh just to give you a little bit of an update, um I was writing chapter 19 and one of the sovereign assets on is on sovereign

assets is Bitcoin. um one of the three uh and as I was writing it um I was going through some of these operations just so you could understand it. I was

trying to do it highle overview but every time I saw an operation I remembered another operation then another operation then another operation and what I decided to do it um it actually evolved one chapter evolved

into an entire book. Uh, and what I asked AI to do is as I was writing it, I asked it to pull it all out. Um, and

actually I'm going to create an entire so I don't clut the the sovereign book cuz it's on money in general. Um, and

you know, Bitcoin's only one part of one chapter. Um, but I asked it to do

chapter. Um, but I asked it to do another book and create another one, chapters on all the different operations within the Bitcoin space. Um, from

things I've never shared, things I've never s uh told. Um, and so I'm going to uh follow it up with another book as

well after that. Um, so anyway, are these isolated responses to separate, you know, uh, market stresses or is there something more coordinated here?

As I've always said, it doesn't really matter. Follow the money and the

matter. Follow the money and the incentives can drive it. And who

controls the capital at the top is the asset managers. Um, and so we follow the

asset managers. Um, and so we follow the capital in order to figure out how to get ahead. And so with that in mind,

get ahead. And so with that in mind, that's everything I'm going to be covering in part one. So now we're going to move over to part two. In part two, it was my interview with Daniel

Estellin. Uh, I came on his channel and

Estellin. Uh, I came on his channel and the topic that we talked about was from the American Empire to the technocratic control grid. So I hope you enjoy the

control grid. So I hope you enjoy the interview. Always remember, you are

interview. Always remember, you are alive at one of the most interesting and exciting times in financial history.

It's going to be very good for some, very bad for others, and I want you to be on the right side of that change.

Now, if you enjoyed this content, just before we go to the interview, there's a few resources and things that you can do. Firstly, um about 70 26% of the

do. Firstly, um about 70 26% of the people that watch my videos from the last month are not subscribers. Um so,

please become a subscriber if you're new. Um I cover this every Friday to

new. Um I cover this every Friday to make sure you're up to date. I make sure there's no sponsorship, no upsell business model, no monetization, no

adverts um you know just uh just content um so that you can join us on this journey and remain more sovereign. Um if

you want more people to uh have this content, please share it, please like it, please put a comment in the comments. Um and that will, you know,

comments. Um and that will, you know, that will really help us get our message out to more people uh because we rely upon that. Um there are other ways in

upon that. Um there are other ways in which you can support us as well. Um

which is that if you head over to Rumble and follow me over there, if YouTube ever takes me out, we're going to be streaming over there. I need to make sure that our resistance against any takeout from YouTube is as strong as

possible. So please follow. Also, if

possible. So please follow. Also, if

you're not following me on X, Simon Dixon Twits, we can stream over there as well. Um we also make sure that uh if

well. Um we also make sure that uh if you prefer watching us bit by bit by download um you can follow uh you can uh

you can follow on uh Apple podcast and Spotify but on simonixon.com that is the environment we control and so we give uh we have a free membership portal over

there you can also give feedback you can get free copies of my previous books as a digital download uh you can get content that we preserved over there.

You can even interact with the community. Give a comment of things

community. Give a comment of things you'd like me to cover in future episodes or even what you'd like me to cover in my book and future books as well. Um, but you can do that by

well. Um, but you can do that by becoming a member of simonixon.com. All

it requires is a username and a password. Uh, and as I said, there's no

password. Uh, and as I said, there's no sponsorship, there's no upsell, there's no alternative agenda. Uh, there's just content and a resource. If everything we get completely taken out um then that's

our hub and that's where I'll be streaming on webinars um exclusively.

Also if we get shadowbanned it means I can still email you and once what we do is once a week on a Friday we email you the updates and make sure you're aware

and then we give you a summary um on a on a Monday or Tuesday in case you missed it. Um and that's all we do uh

missed it. Um and that's all we do uh content and making sure you're aware of the resources. Um, so if you uh would

the resources. Um, so if you uh would like to uh make sure that you don't miss a thing on this journey and you would like to participate in this open-source

movement uh from subordinate to sovereign uh then please engage in any of those medians um and join the newsletter on simonixon.com and create a

membership for yourself. So with that in mind uh let's uh I hope you enjoy the interview in part two. So, let's

transition over there right now. I'll

see you this time next week for Simon Dixon Hard Talk Live. Peace.

I think there's a small group of power structures that sit above countries that are running the show. There's no

political solution in the West. There's

no democracy. It's all a lie. The

government is a distraction. The left

versus the right is a complete distraction. You need a theatrical

distraction. You need a theatrical moment to define the end of empire and the transition [music] to the new world order. There is a way a break in the

order. There is a way a break in the system if we wanted. But they don't want you to know that.

What's the way?

The UK, the European Union, Australia, Canada, the collective west is fully subordinate to US corporate interest because they're rolling over the debt based Ponzi scheme. Yes,

they have access to the financial industrial complex tools. They can

create a currency war if they want to destroy your wealth. They can laden you with debt which they can roll over. They

can use intelligence and military in order to destabilize your country, turn genuine riots into color revolutions, take away somebody that represented the

people and install a dictator that takes the corrupt money in order to privatize all their resources and make sure that Chevron, Exxon, Loheed Martin, General

Dynamic, JP Morgan, the IMF all can come in and use your country as an asset management portfolio. So most people

management portfolio. So most people when they hear this they think is this some kind of organized cabal. It's

actually not. It's a ruthless game of betrayal at the top power dynamics and access to capital and you can throw people off the network and then operations go wrong. It's a ruthless

game.

America is getting into this extreme divide and conquer political polarization. You've got suicide rates

polarization. You've got suicide rates at all-time high, the 10th largest cause of death in America. You've got drug addiction at all-time high. You've got

wealth inequality at extremes that are causing extreme polarization. I know how Wall Street works. I know how Silicon Valley works. How do I get free? And I

Valley works. How do I get free? And I

tell them, owe more Bitcoin every month than the last month. Owe more Bitcoin this week than last week. Owe more

Bitcoin today than you did yesterday.

Self-costed here? run a node and invest in community infrastructures. Build your

freedom. So, we need to decentralize money. We need to decentralize

money. We need to decentralize artificial intelligence and we need to decentralize control grids through decentralized communities. If you fund

decentralized communities. If you fund your farmer, they want your farmer bankrupt because they want you having artificial food that's manufactured in some technical industrial complex. If

you want to know what they want to do to the world, what it could look like, look at what they rebuild in Gaza.

Some are completely subordinate debt slaves. That's what the financial

slaves. That's what the financial industrial complex wanted to create, which is make you a collateralized debt obligation where you earn just enough

and you work your whole life just to pay the interest and as you progress you take on more debt and pay more interest and you do that forever. That's that's

the slavery and this is the game of investment banking. You build all the products

banking. You build all the products around it to subordinate governments, companies and individuals. That's the

asset stripping phase. Europe is being systemically asset stripped. And that's

why the war with Russia and Ukraine will continue [music] probably for another 3 years. The endgame here is if you look

years. The endgame here is if you look at what Larry Frink will tell you, you will owe nothing and be h how do you achieve that? And then when you

achieve that? And then when you manufacture crisis, each crisis [music] leads to concentrating wealth upwards.

And then they want to make you happy.

How are they going to make you happy?

They can do that [music] by giving you on a universal basic income. And so you reset the world order into multipolarity and build a global control grid. Every

capital flow in the world is telling me that [music] that's what's happening when you follow the money. People want

an easy conspiracy theory of, you know, 300 people sat in a [music] room in an organized cabal. There's no such thing

organized cabal. There's no such thing as a democracy. Democracies are

captured. Almost every government is subordinate [music] to that capital structure.

And so they created an operation called Operation Chokepoint 2.0 where they created companies that you could destroy to remove credibility, manufacture a

crisis, take out all the banks that were servicing the crypto [music] companies and replace them with Wall Street. No

personal attack against Michael Sailor.

He works for his shareholders. Strategy

is doing what it was designed [music] to do, which is create an arbitrage vehicle for manipulating the short-term price of Bitcoin for trying to centralize [music]

as much Bitcoin as possible.

In our last conversation, you were basically setting up that the end of the Iran war would come right in line with the IPOs.

I think it's already been signed and now they're just playing theatrics. They're

trying to time it with the liquidity needs of the major IPOs that are coming.

Where do you think we're heading next?

What's your read on the situation?

Who won? The financial industrial complex and transnational capital one.

The reality is China won. That means

that they can control both the petro dollar and pro yuan. If you think Trump works for the American people, then nothing makes sense. Trump's a

transaction guy. His job as a dealmaker is to put deals together for his lobbies. The markets were never saying

lobbies. The markets were never saying that this was a real war. If there was a real war, I was saying gold would be moving in parallel to oil. They have

completely cornered the short-term price of Bitcoin to manipulate it. But their

goal is to get your Bitcoin in custody.

The technical industrial complex are ushering in an Orwellian AI surveillance state one world control grid. Social

credit scores, central bank, digital currencies, stable coins. You will owe nothing and be happy. We'll custody the assets, you get the token, and you

become a perpetual gambler.

Trump was installed um with significant funding from Elon Musk and the technical industrial complex, significant funding from the Melon banking family [music]

and the and the the financial industrial complex. And then the third largest was

complex. And then the third largest was Mariam Adlesen, the connection to Israel and the military industrial complex.

Three of the sharpest minds in finance, [music] intelligence, and surveillance research in one room for the first time.

And what they laid out should terrify every single person watching.

Don't listen to anything anyone says, let's look at what they do. Um, so

whatever Elon says is rubbish. Whatever

Trump says is rubbish. They mapped the control grid, the trillion dollar print they say is coming, the crypto bill they call a Trojan horse, and the one move

you have left before Black Rockck owns your entire neighborhood.

Um, they're deliberately trying to manufacture civil unrest.

I have to take people to a dark place cuz no, let's do it. Once you know [music] how the system works, you know how to win. And so here's how we win.

We're not going to fix the system, but what we can do is absolutely [music] commercial banks, they create um you know dollars, pounds, euros every time they issue a loan. And

in order to issue more loans, their first goal is to turn every single individual into a [music] collateralized debt obligation. By getting them

debt obligation. By getting them addicted to debt, either via mortgages, [music] via credit cards, via student loans, via inflation that doesn't increase at the same rate of their

wages, you effectively turn every individual into a debt slave. They

socialize the losses across [music] all the individuals of a nation and they privatize the gains. Your vote doesn't matter uh because they have access to the deep state. And so once you

understand this, you realize it's a big club and you're not invited and we're and we're not in it.

I believe right now we are in a shift to multiparity and we have created an environment where our governments are fully captured and once you understand the rules and who's in charge, it's

easier to understand where we go next.

And our media is just propaganda 100%.

And algorithms are utilized in order to weaponize us as almost like products.

But you vote with your money is how you win. If you think that you vote and your

win. If you think that you vote and your politicians need your vote, you're going to lose this game because the politicians and the presidents and the prime ministers, they all work for lobbies.

[music] I'm joined today by somebody I've been listening to for a long time, Simon Dixon. I will tell you, Simon and I have

Dixon. I will tell you, Simon and I have two things very much in common. We both

left investment banking disgusted by the corruption and we were seeking freedom.

And uh our pathways have been different, but I think Simon, you and I are sort of looking for the same thing. How do you navigate an unbelievably corrupt financial system? And uh I really

financial system? And uh I really appreciate everything you've done to bring [music] light to that and everything you you're doing to try and help people be free under the circumstances. [music] So, but

you have extraordinary experience in investing in Bitcoin companies. So,

you've invested in the exchanges and [music] you know a wide a wide variety of Bitcoin related companies. So, you

have a lot of experience as an [music] asset manager and investor and venture capitalist in the Bitcoin area. Here's

what's interesting though. you know,

you've learned a [music] lot from failures. So, it started with your dad

failures. So, it started with your dad losing his pension fund in the dotcom [music] bubble, which I can't imagine how frustrating that must have been. I

was very frustrated during the dotcom [music] bubble. And then um but you had

[music] bubble. And then um but you had one custodian fraud essentially or one one fraud in the Bitcoin [music] space or the crypto space and you you live

through the bankruptcy experience which is quite an extraordinary very