Will Bitcoin be worth a million dollars by mid-June? Balaji Srinivasan made a public bet that it would against a pseudonymous Twitter user called James Medlock, who identifies as a tax enthusiast and hyperinflation doubter. I'll let Srinivasan explain in this clip from our recent livestream. The point was to bring attention to the stealth financial crisis that, at the time that I tweeted this, that had not been acknowledged as such, so we're in like, and we're in a base of high inflation and unlike 2008, the US dollar is no longer too big to fail. Economist and monetary and banking expert Lawrence H. White doubts that Bitcoin will replace the dollar, but he does think that the banking system is much shakier than public officials like Fed Chair Jerome Powell are letting on. Our banking system is sound and resilient with strong capital and liquidity. We will continue to closely monitor conditions in the banking system and are prepared to use all of our tools as needed to keep it safe and sound. No, I think I'm on Balaji's side when it comes to the soundness of the banking system or lack of soundness of the US banking system and I think he's doing a real service by drawing attention to what's been going on. White says that because the Fed kept interest rates low and injected cash into the banks even after the nation came out of pandemic lockdown, we got hammered by inflation. So the central bank quickly hiked rates in response, leaving America's banks holding a lot of government bonds that were suddenly worth less than they paid for them. A lot less. See those bars? Those are the losses FDIC insured banks would experience if they were forced to sell. When they did stress tests last year of the largest banks, they simulated what would happen to their net worth if interest rates rose from zero to two percent and that's as high as they went. And at two percent SBB would have been okay. If they had, you know, tested for three percent, four percent, where are we now, four and three-quarter percent interest rates, they would have seen a lot more trouble than the regulators wanted to see. So there has been a failure to look deeply enough. And now to stop more bank runs like the one that brought down Silicon Valley Bank, the Fed created a new program to guarantee banks more cash to meet their obligations. JPMorgan analysts estimate it could inject up to two trillion dollars, though it could also be a mere four hundred sixty billion, according to more conservative estimates. And so the Bitcoinization thesis or the hyperbicronization is that as the U.S. economy just gets worse and worse and more unpredictable, people will seek a safe haven, not in money market funds and big banks, which are in my view a trap in this cycle in a way that they were not in 2008. I agree that Bitcoin is a vital check on a government's power to endlessly devalue its currency, as well as against a total surveillance state. I don't know if Srinivasan's hyperbiccoinization thesis is right. What I do know is this isn't sustainable. Those red and green lines are the inflation and interest rates. The interest rate is supposed to drive down the inflation rate. But the big problem is that blue line on top, that is our thirty one point four trillion dollar problem, the national debt. It's reached terrifying levels, having surpassed annual gross domestic product with no end in sight. And one thing you don't want when you have a lot of debt are really high interest rates. Investment analyst Lynn Alden explained the conundrum in another recent conversation. The current environment we find ourselves in the 2020s in many ways is more similar to 1940s, which is the vast majority of the money creation and the inflation was not because of excessive bank lending. I mean bank lending levels are pretty normal. And almost all of it was from unusually large fiscal deficit that we've not seen since World War Two as a percentage of GDP. Because you had over 100% debt to GDP, it was very hard to raise rates. And so instead they just kept rates low, despite high inflation. And anyone holding dollars bonds and things like that really got devalued on an ongoing basis. And so I think that unfortunately the 2020s are kind of shaping up in that direction. The Fed can continue to hike interest rates and create more money to keep the bank solvent. That's not a long term solution. The debt will eventually crush the economy. Srinivasan thinks Bitcoin is the way out. White thinks it's a return to gold backed money. Both agree that the government's unrestrained money creation left America and the world in a precarious position. It's really just like the failure of central planning, you know, just in a totally different way than communism or whatever. It's just another just central planning, complete face plant, where they all make the same mistake at the same time because all the, you know, innovation or concurrence or whatever is being leached out of the system. And Srinivasan worries that this central planning will only get worse as the government moves further to quash the threat by instituting a central bank digital currency. And so every dollar can be tracked in the ecosystem. It's more programmable. It's like, it was like a suite, you know, where it's got a hook in the bait. And the hook is total surveillance, total control, ability to freeze accounts, drain accounts. So will Balaji win his million dollar Bitcoin bet? I'm not so sure about that 90 day timeline. And after talking to him, I don't think he is either. Do you actually believe Bitcoin's going to a million dollars or is it really just to draw, is it like a, you know, drawing attention to this problem that you've laid out? I think Bitcoin will eventually go to a million dollars. But I do think he's raised an important question for us all to ponder. What do you do when you can't trust your government to keep your harder and money sound secure and at least somewhat private? Part of that answer is you take steps to do it yourself. That might mean hedging with Bitcoin or gold or your investment of choice. It might mean keeping your data and communications safe by opting into privacy-centric tools. I think we're headed into a more decentralized and individualized world, whether politicians and central bankers like it or not. Bitcoin is a very powerful tool to protect against abuses of both the dollar and the renminbi for essentially American dissidents and Chinese dissidents if you want to put it that way. It can't be inflated. It can't be seized. You can also, by the way, use the private keys with something like Nostra to get you free speech, right? At the end of the Soviet Union, you know, the blue G is where the symbol of like freedom and prosperity. That's what Bitcoin is. It's a global symbol of freedom and prosperity. You're free person if you can have Bitcoin and you can move it around. Hey, if you'd like to watch my full conversation with Balaji Srinivasan and Laurence H White, you can click right here. Or if you want to watch another clip from that conversation, you can click right here.


What they gonna do with me now? I'm still a troke of the town I'm looking at the sisters, I'm hooking them down Reaching the smiles and the frowns again I'm Y'all Sugar, Brianna, Imani And you're tuned in to another Troke of the Town interview And today I have We got Moolah Jeeze in the building We appreciate you for coming Cause it's brick outside Is that what the kids still saying? Okay, yeah, it's brick outside So definitely appreciate you for coming So firstly, congratulations on your hustler of the year award How do you feel getting that?  Like I say we had time to God Cause I think we're ready to stop this The God never let me stop this So you've had times where you was like Yeah, a lot So what is it that they do to like motivate you They just tell you like They keep pushing me, they tell me like The good thing that's gonna happen in the future They just not letting me stop Like regardless, no matter what I say to them Nobody around me So do you think that plays like a big Yeah, a big part Okay, so let's like circle back real quick In terms of like where you from Let the people know where you from I'm from Yonkers, New York I've been in the category of the Bronx For a little while I'm from Yonkers So what was it like growing up in Yonkers What was your life like? Young and playful Young and playful, was you outside Like after a certain point I was outside a little boy Playful, playful Uh-uh, so okay So when did you start like making music What got you into making music in the first place I started making music, I was dumb young I wasn't really taking it serious tonight Okay So dumb young like what How old are you right now I'm 18 So how old were you when you was making music I was like 9 9 is crazy I ain't even a lot before I even could talk I was singing dumb shit Like before I could really talk I was singing dumb shit I don't know but I just been trying to rock For my life I was like at 9, what kind of music was that Was you making Cause I don't want to say drill And automatically put you into that category I used to look up to Lil Wayne back then I was like 9, so I used to try to sound like him Or some BVC So what was it that made you Go from sounding like Wayne And using him as an influence to now You making drill music Keith came up I became a different person So you was having into the Chicago Bronx drill scene And I became a different person Okay, so what do you think about The New York drill scene Comparison to Chicago Cause I've heard people compare I know you said a lot of people bunch together Yonkers and Bronx drill But I hear a lot of people also compare Bronx drill to Chicago drill So what are your thoughts on Like the difference The difference in similarities Do you see why people make that comparison That's the only way people compare We don't sound like them When we drill rapping we don't sound like them But they started it So they could say that You know what, I think it was actually used On the radar And I think Gabe had mentioned that Cause the music videos, you got the shaky cameras Everybody's like 30 Everybody's doing things So I think that's more so why But you don't see the similarity between them Chicago they like They drill was drill But it was, I don't know You see we dancing, we doing my extra shit We seeing differences I don't know, they sound different That's all they can say That's all you can say So who you fucking with now From the New York drill I won't say Bronx drill only But who you fucking with in New York period In terms of your artist My niggas Don't do that Me, Valley Bells Me, Valley Bells And Bob 300 Okay, so you and your niggas But how did you and Valley Bells meet Cause y'all like low key like a dynamic duo Y'all make a lot of music together How we met How we met I don't even know It's so real, I don't even I don't remember they met I just know we met Two years old And y'all was locked in ever since So when did y'all start making music together Was you making music first and then he was like Let me hop on the track or vice versa Like how did that work? Or y'all started at the same time Nah, he was making Like he was taking the serious first He was making music first, he was taking the serious first Then he had got a lot of good And I started singing I started taking the serious Then he came home and started We were making music together So was that the moment that you decided that You just said it, but just want to make sure That was the moment you decided You want to start taking his music as it is So you kind of held it down while he was going Okay, alright, so if you were I was like A.I. too Okay, so if you weren't making music What would you be doing right now? What do you think? If I wasn't making music I probably would be stuck in the house Trying to make millions If I wasn't making music I would be doing something else Are you happy that you chose to do that? For the music? So of course I'm going to ask Because I always think I'm not a mother yet, but soon It was soon calm eventually So I put myself in the mother's shoes I don't know how I feel about my son Talking about shooting niggas And diss tracks and we smoking on your dad How did your mother feel When you first came out With your music What was her reaction?   Like how did y'all How did y'all get to making that song? Dougie B He from my hood Like Just like I was saying I grew up with Dougie B Like he just Did the track Did you expect K-Flock That was like that's Dougie B That's really Dougie B And in my son Val's he been With me together So did you Sorry I'm not trying to cut you off Did you expect for it to go Up as much as it did Yeah but I ain't gonna lie I got a quick question though Like Kind of relevant but not really Cause also like people was posting Like the unreleased But it was like Top Shotta That's what they was calling Did y'all ever like think about calling it Or did people just give it Their own name People just gave it to Internet just gave it their own name People started putting 8 verses on it And all that So And all the songs that you did And like You did some songs with D-Thing And you know we know What's going on So how did that come about How did you meet him And then Well I'm gonna let you answer that first How did that link up come about Like we said really it should be Business for sure niggas Okay So that's not really like on some That was my bro shit Lincoln to make the song Plural cause there was two Right Okay so do people say anything To like is that something that comes up Like the fact that You had some songs with him And then now you know What did he be saying to you How you feel about it I don't pay no my I don't pay no my honesty I just be sitting In the comments Sometimes I just take like niggas Just mad They mad you some I don't really care bro So do you think that like personal Relationships outweigh Business relationships You said it was on some business shit And I know you mentioned like You grew up with them But like if There was another opportunity like Let's say that Or he wanted to make like a part three Cause y'all got two So if he wanted to make like a part three Would you be with it or is it like You and D thing If you wanted to make a part three Would I make the part three Does your personal relationships Outweigh your business relationships I ain't gonna lie Honestly just by me like I wouldn't make the part three It's about you Just by me like nobody Not nobody saying nothing just by me I wouldn't make it So then what about like somebody else Would you make a track With somebody that you had beef with No It don't matter how much you get offered What if y'all not recording the same booth Would you do it I just had to ask You Alright So what are your thoughts I know we kind of talked about Like this tracks a little bit What are your thoughts on them Like do you feel like there's a limit Like are there bounds When it comes to making a diss track Like at what point It depends on what type of person you are Honestly to me it depends on what type of person you are Like I feel like I feel like too much dissing is a little too much Like too much dissing is a little too much If you just dissing and just like I don't know like somebody could just be Doing too much like this This and not Right If you just dissing not really Doing nothing You don't got more money than the person you diss Nothing shit is irrelevant But if you dissing I don't know but I should just Everybody diss But that's the thing it seems like the diss is Like what gets the people going Like that's what they want to see So how do you like balance that Like do you ever want to make like a regular ass track And it's like damn I gotta diss this nigga You know you don't gotta Diss a nigga for the millions of But you is right that's what I mean Like that's what they want to see right now Dissing they want to hear They want to hear what a nigga gotta say about another nigga They want to hear They want to hear what's going on They think a lot of shit is going on for me so So Question for you Would you rather Make a diss track That gets like no views Or let me not say no views It don't get no traction No attention like niggas is tuned in But nobody really talking about it Or would you rather a diss track about You go viral So would I rather me Make a diss track that don't really get traction But us but Or do I rather somebody else make a diss track For me go viral Me make a diss track in No views It's why you diss me you didn't do nothing to me So you don't feel like Because you know some people be like all price is good price You don't think so I mean shit If you diss me it's gonna make me some money then Shit diss me all you want But like what if they just go viral and then you make a diss back And then that one like you never know You could kind of capitalize off of that No Okay that's fair Alright so We already talked about your collabs But do you have any like Dream collabs For projects that you working on Not really No dream collabs Alright let me Not that I can really think of I don't know So there's nobody who want to collaborate That I could think of off the top of my mind That's it Really? Think of that I really Okay So are you still a part of 3GE Is that still Okay can you explain to us like what exactly How did that come about and what exactly Is it That's it That's a family That's a 3GE That's a family And who started that It just came about So Somebody was just like Was it like everybody was making music So it just made sense Was it For us from around the time From around the neighborhood we were making music We made it to like a label Music group We started going to shows together Everybody was doing mad music together Bob Nick is on one track We started going crazy So would you ever consider signing To like a big label Yeah You have anybody in mind right now Some of you talking numbers you talking right You said you talking numbers you talking right Okay cause I see like lately You been around like OPs At 90 What do you think about that Like would you ever consider signing Yeah I'm signing a lot You said what I can't hear you I'm signing So what was it about Cause you was just like You were talking numbers So what is it about What do you think about that Like really did it for you Cause the guys they put a lot behind Cause the guys Okay So even with that Even with you being a part of that label You still don't see like No collabs coming out of that No yeah they gonna come The collab definitely gonna come With a lot of artists I ain't going to lie But you don't got nothing in mind I don't really got nothing So I mean you just said Like signing to a label is a very big deal And I mean You was just talking about You know you was doing music You was doing this for a long time You grew up with your bros like I really just want to know like how has it been Like growing up cause you're still Pretty young how has it been growing up With like all eyes on you kind of Cause you been outside Now like I feel like You and your friends and even like Just like New York Rappers in general a lot of them are like really young Right now and I feel like everybody Is tapped into y'all You're all on social media Like everything you do is being watched Like how does that feel to like be growing up Into like You gotta move way different I don't know I feel like everywhere I go I'm being watched I feel like somebody watching me Talking about me I feel like everywhere I go I'm just being watched Have you ever had any like crazy Like I don't want to say fan but I'll say fan Like fan experience with somebody Like what will happen Somebody jumping off a school bus From a block away running to me What?  Yeah That's why you walk around with the ski mask on So what you doing this summertime I still walk around with the ski mask on That's crazy Okay, alright you're really not trying to be seen Okay, so is there anything that you've done so far Like growing up into your career That you wish that you could do over Or like get a second chance at Like with music It could be music related Or just in general Totally, no honestly No? Okay So we about to like Get a little personal but Curious to know Cause I gave you the opportunity to ask I asked you if there was anything you wish to do Don't get too personal Don't do that to me I don't know what's too personal I mean I feel like Anything is up for grabs when it's on the internet So We all know you was in a relationship When they Okay I mean I know you know it was coming We all know you was in a relationship When they It didn't work out So you care to share like what happened with that Listen man Listen man we gonna like That beautiful young lady Be that beautiful young lady I don't even Took about how right now Nate You just fell apart Like that's we nothing Like if you thinking with the beef nothing really happened Okay So it wasn't related to like a side thing Or anything like that How does it feel though to have like your ex And you going up In the same scene at the same time It don't feel no way Would you Consider dating anybody else like In the industry In the industry No Not dating Underground or mainstream I'd rather go over like a Like a 9 to 5 Oh really I'd rather go over the regular In the industry be going crazy bro We'd be going crazy Not a file though not a file it's crazy Not a file So like a Like a makeup artist slash tag Like a regular That's not in the industry But what's more with a 9 to 5 9 to 5 is crazy Well damn If there was any girls out here That was hoping That Moola was gonna be the one and you got a 9 to 5 I'm sorry baby girl It don't sound like it sounds like shit So I mean after your relationship It don't even gotta be about Nate specifically but is there anything That you've taken from that I mean one I guess That you're not dating nobody in the industry But like anything that you would take from that Into like just dating Or life in general That you feel like it taught you No Okay Alright well So what's the upcoming plans for 2022 what can we look out for Mixed tape Heat dropping A lot of collabs Go crazy Drop crazy I saw you post See blue when he was locked up You say y'all got something working Is that coming out soon Can we look out for that Got a whole lot coming out from the same Got a whole lot of collabs Mixed tapes Not unexpected shit coming Okay and so when we look back Five years from now At this exact interview What are you gonna be doing Like five years from now Like I always say in every other interview I feel like I'm gonna be at a mansion somewhere With five ten back rooms Two cars in the back Two cars in the front Is that what success looks like to you Yeah that's what success means Means in different rooms Think it count on full Think it count on full Roll tight Roll Okay so Before we wrap it up Is there anything else that you feel like You would like for our audience to know Nah this the state Just stay watching me for me Keep watching me Hold on before we wrap it up Cause you was about to say something else You was about to say stay consistent That's what it sounded like no Okay so is that I was gonna say that but I meant to say keep watching Alright so we gonna add one last question So what are your final words of advice To any upcoming artist right now Who's watching this what would you tell them You can't say stay consistent cause I low key just like caught that one So what's one more that you would like just tell them I don't know keep going and keep y'all Foot on these necks for me like regardless I don't want everybody to know Okay okay so shout your instagram Tiktok all that stuff out A lot of g's 300 on the gram huh Moolagees 300 on the gram Tiktok Moolagees 300 Everything Moolagees 300 Everything every social media Okay congratulations again on your award Bye y'all


It is about time. My alarm clock rings at six a.m. every day. It is time to wake up. After I get dressed, it is six thirty or half past six. I go to the kitchen to make breakfast for my children. I wake my children up at seven a.m. They go to the kitchen to eat breakfast. I finish their breakfast at about seven thirty or half past seven. Now it is time for my children to go to school. The school bus comes to pick them up at seven forty five a.m. or a quarter to eight. It is time for me to go to school. I leave my house at eight a.m. It takes me ten minutes to get to the college. I arrive there by eight fifteen a.m. or a quarter past eight. My ESL class is from eight thirty to ten a.m. After my ESL class I go to work. It takes me thirty minutes to get to my office. I arrive at work by ten forty a.m. or twenty minutes to eleven. In a few hours I start thinking about food. I usually eat lunch at one thirty p.m. or half past one.  I come back to the office at two p.m. I leave work at five p.m. every day. It takes me thirty minutes to get back home. When I come home it is five thirty p.m. or half past five. My husband comes back home by six p.m. My children, husband and I eat dinner together. After dinner we spend time doing our homework, reading books and playing quiet games. It is time for my children to go to bed now. It is eight o'clock already. My husband goes to bed at eleven p.m. or so. I go to bed at midnight. We both have a busy day tomorrow. Good night.