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01:00.0
Guys, i-set up ko lang ito.
01:03.0
Shucks, dami natin pag-usapan.
01:06.3
Super late pa tayo ah.
01:45.0
Magsimula na tayo.
01:51.0
Gusto ko lang magpasalamat sa inyo guys.
01:56.7
Dahil marami tayong pag-usapan.
01:59.0
Dahil mag-life tayo.
02:00.0
Ayan, wala tayong mga ano dyan
02:03.4
Mga Louis Vuitton dyan
02:04.8
Next time na lang
02:06.3
Pakita din natin yung kitchen natin
02:08.2
Pag medyo malinis-linis na
02:09.9
Eto guys, apasensya na
02:11.3
Sobrang late tayo nagsimula
02:12.6
I was hoping more like 30 minutes earlier
02:14.9
45 minutes earlier
02:16.1
Kaso alam nyo naman guys
02:19.5
Napakaganda talagang Pilipinas
02:23.8
Traffic pa lang, wala na
02:25.9
Tapos nang usapan
02:27.4
Yan na naman yung magulo natin
02:28.5
Hair, pero okay lang yan
02:30.2
Medyo magpa-Elvis Presley style
02:32.4
Yan, yan, yan, yan, yan, yan
02:41.4
Ma, nasan yung kape ko?
02:43.7
Wala na, antok na
02:45.0
For some reasons guys
02:48.0
Some reasons guys
02:49.6
For some reason guys
02:52.8
Since bumalik tayo from
02:54.2
Los Estados Unidos
02:57.3
Medyo nag-reset na naman yung
02:59.2
In fairness naman
03:00.6
Dahil maaga na tayo gumigising
03:02.8
Maaga rin tayo na antok
03:04.5
So actually antok na antok ako
03:06.9
Which is something quite
03:09.5
Kasi usually mga ganitong oras
03:11.0
Medyo buhay na buhay tayo
03:15.6
Pero buhay na buhay tayo
03:16.7
Gusto natin mag-block ng mga trolls
03:20.9
Kape tayo kasi guys
03:24.9
Ganun palang kung matanda
03:27.7
Gumigising na tayo
03:31.8
Ganun palang feelings
03:37.1
Maraming tayong pag-usapan
03:47.4
Pag-usapan natin ulit
03:49.9
Pag-usapan din natin ng konti guys
03:56.7
Maraming na naman tayo
03:59.4
Nag-type lang ako ng word na Bitcoin
04:02.4
Pansin ko parang nangyari
04:03.8
Parang time nung elections
04:08.0
Nag-aasar lang ako sa mga trolls
04:12.5
Troll buster sila
04:14.5
Mga 7-8 years na natin
04:18.1
Nang harap-harapan
04:20.1
So mga million-million
04:21.7
Siguro mga trolls
04:23.8
Throughout the years
04:25.5
Nakopyright na pala yun eh
04:28.4
Balikan natin ito mga guys
04:30.2
Ang tagal na tayo
04:31.5
Tine-troll and all
04:33.3
Dinagdagan ko pa yung
04:35.5
So nung panahon na elections
04:38.0
Yung trigger point
04:39.0
Lalagay ko lang yung mga
04:48.8
Pag lumabas yung Lenny
04:56.9
Daming biglang engagement
04:59.4
Tinitroll ko yung mga trolls
05:00.7
Nung panahon na elections
05:01.9
Naglalagay lang ako
05:05.9
Ang dami mga comments
05:09.0
Yan ang mga ano eh
05:10.9
Ng mga kabudol natin
05:12.2
Yung mga magbabash
05:14.7
Ng mga magic words
05:21.3
Yung mga araw na yan
05:28.2
Yung mga panahon na yan
05:38.7
Naging budol ito eh
05:52.6
Ang daming comments
05:56.3
Nagkakomment dyan
05:60.0
Talaga obvious eh
06:06.9
Nang sinulat sa baba
06:07.8
Bitcoin is the answer
06:09.7
To all our problems
06:13.0
Ticket to freedom
06:23.2
Maraming nag-react
06:28.4
High traffic hours yan
06:39.0
Ay sagot sa lahat
06:39.8
Parang narinig ko nga
06:51.3
Now in fairness guys
06:52.5
Just to be honest
06:53.4
Medyo bumili naman tayo
06:54.5
Ng konting Bitcoin
07:00.1
Di na gumagana yung system
07:02.0
Nag-shutdown na yung
07:07.3
So I'm not saying
07:09.1
That someone who's like
07:12.2
Or cynical in fact
07:13.9
Healthily skeptical
07:17.0
Too complicated to understand
07:21.0
Very much hyped up
07:31.1
It sounds like that to me
07:33.4
I have a very healthy relationship
07:37.0
I have a very healthy relationship
07:40.7
So akin lang naman
07:42.6
I need to see more evidence
07:48.7
As we'll discuss later on
07:50.6
There's some fundamental
07:52.0
Limitations to Bitcoin
07:53.5
Despite all the promises
07:55.2
And as I'll discuss
08:16.3
Tanggal na naman tayo
08:17.2
Ayan ang trollbusting
08:21.2
Multiple platform
08:25.3
Ayan ang trollbusting
08:26.8
Medyo matagal-tagal natin
08:31.3
Pag-usapan natin ng Bitcoin
08:32.4
Medyo basic economics tayo
08:33.7
But we'll have to have
08:34.7
Some proper long conversation
08:36.1
Siguro gagawa ako ng mga
08:38.3
Mga ganun about it
08:39.3
No because we have to talk about
08:42.2
Medyo-medyo maging technical na tayo
08:44.2
And sovereign guarantee
08:46.1
And the other thing is of course
08:47.4
Yung notion of intrinsic value
08:51.2
Yung isang kaibigan natin
08:52.9
Yung mga minamahal yung Kristen
08:54.5
I promise him na soon
08:56.5
Hopefully in the coming days
09:02.3
Thank you so much
09:06.1
God willing next week
09:07.3
Kausapin natin si Kristen
09:09.2
In fairness kay Chris
09:10.7
He's a genuinely good person
09:13.8
He makes his arguments
09:16.1
Very respectfully and well
09:17.2
So I'm more than happy
09:18.1
To discuss with Kristen
09:19.9
Ng Bitcoin and Crypto
09:21.7
But if you wanna have
09:24.0
Both sides of the
09:26.5
Both sides of the Bitcoin
09:30.9
Ang akin lang kasi guys
09:34.9
I hear words like
09:37.2
It's a financial cult
09:42.5
The problem kasi with Bitcoin is
09:47.3
Is highly determined
09:48.7
Through network effect
09:49.9
Meaning the more people
09:58.3
Yung maraming Bitcoin
10:00.8
Interest in the universe
10:03.9
Whether in the universe
10:07.2
Ng mga legit people
10:09.3
Because the more people
10:10.8
The more it pushes up
10:12.1
The value of what
10:14.7
Lose trust in Bitcoin
10:17.3
Other cryptocurrencies
10:18.2
Or non-cryptocurrencies
10:19.5
Bababa yung value
10:23.2
A major Bitcoin owner
10:25.7
Sa hindi yung katulad natin
10:26.7
Ng mga ilan-ilan lang
10:28.0
You have actually
10:32.0
We have good friends
10:34.8
Very good persons
10:35.7
We'll try to talk about
10:36.9
The other side of it
10:38.0
Before tayo pupunta sa Bitcoin
10:45.6
Pag-usapan natin yan
10:46.9
Some very interesting
10:48.5
Things are happening
10:50.7
Ako makabang usapan to
10:52.8
Bago tayo pupunta
10:55.7
Bago tayo pumunta
10:58.4
Sa both sides of the Bitcoin
10:59.7
Although I'll say
11:00.4
More the skeptical side
11:01.8
We'll have Chris Tan
11:03.8
More of the positive side
11:06.3
Gusto ko rin pag-usapan
11:09.1
Institutional investors
11:14.0
Towards the end of last year
11:16.3
Before January 10
11:23.4
That the value of Bitcoin
11:26.3
Once institutional investors
11:28.6
Once the Securities and Exchange Commission
11:33.2
Established institutionalized
11:34.8
Financial institutions
11:35.6
And last time I checked
11:36.8
Over the past month or so
11:39.2
Yung increase ng Bitcoin
11:40.2
So yung mga Bitcoin club ngayon
11:41.8
Ay sobrang excited sila ngayon
11:44.3
They have been proven right
11:45.3
But at the same time
11:46.6
Let's not get too much
11:47.4
Ahead of ourselves
11:48.1
Because as far as
11:48.8
Bitcoin is concerned
11:49.6
The current levels
11:56.5
Or something like that
11:57.4
We're still far away from
12:01.0
Or 100,000 dollar
12:09.8
It was not surprising
12:14.3
Find me another business
12:16.9
When you can make
12:18.9
In a single month or so
12:21.6
I'm not dismissive
12:22.6
Totally of Bitcoin
12:25.9
Medyo nag-invest tayo
12:27.0
Nang konti sa Bitcoin
12:27.8
Like super conservative
12:29.0
Like Ilocano level
12:30.6
Because as I said
12:32.5
Hindi ako totally dismissive
12:33.9
But we have to have
12:35.0
Healthy skepticism
12:35.8
Towards these things
12:36.8
Before we're going to
12:38.0
The Bitcoin issue
12:42.0
Dun sa conversation natin
12:47.4
And I want to also
12:56.6
Medyo natataas yung kilay ko
12:58.4
Kung yung sinasabi ng iba
12:59.7
Na ang Bitcoin po
13:01.1
Ang sagot sa lahat ng problema
13:05.2
Ng ETSA revolution
13:07.3
Iniwan ka ng jowa mo
13:10.2
Gusto mong pumayat
13:11.6
Gusto mong maging
13:16.3
Parang si Robin Hood
13:20.8
Constitutional amendment po
13:24.2
Walang investment
13:26.5
Yan ang sagot dyan
13:27.3
Ang constitutional
13:29.8
Ang West Philippine Sea
13:33.0
Ang constitution natin
13:38.3
Pag-usapan natin si
13:43.2
Yung mga developments
13:45.0
Itong unit team na ito
13:46.5
Hindi ko nakalama
13:47.2
Anong pangalanan ko
13:51.1
Kasi may mga araw
13:57.6
Nag-agree ako dun
13:58.6
Sa mga ibang nag-comment
14:00.6
Parang ano na yan eh
14:04.3
Medyo naging corny na
14:05.2
Yung unit team drama na yan
14:07.3
Parang scripted na siya
14:21.6
Na gagawa ng drama
14:24.7
The madman theory
14:28.1
Para matakot yung isa
14:31.3
One of the interesting things
14:33.9
We have seen right now
14:47.8
In our vlog kahapon
14:48.8
Biglang 100% support
14:57.4
Maging presidente
14:59.9
Nag-change tone siya
15:12.6
Although as we discussed
15:18.4
Actually honestly
15:19.6
I was thinking kanina
15:25.6
Yung mga journalist
15:26.9
Na nagtatanong kay tatay
15:28.2
At nag-attend doon sa kanyang
15:30.1
Pag nagtatanong kayo
15:33.9
Magdrama lang yan
15:37.0
Na he'll get away with it
15:40.5
So kung tinanong mo siya
15:42.9
Sinabi yung insultot
15:44.6
Tapos ganyan yung
15:46.7
Mahawa ka naman sa akin
15:53.6
Ngayong presidente na
15:55.6
Pangagaktin ang presidente
15:58.1
Ipakita mo sa kanya
15:59.3
Diba sa'yo ito yung sinabi mo?
16:00.6
Pangagaktin ang presidente
16:05.6
Sabi kong mag-journalist ka
16:12.6
Pangagaktin ang presidente
16:16.6
May drug addict tayo na presidente
16:22.6
Kaya akong ako'y mayor?
16:24.6
Kung ako'y journalist
16:27.6
Kakasabi mo lang ganun
16:28.6
Meron pang gusto mong pagpa-drug test daw kayo
16:29.6
Anong tawag mo yan?
16:31.6
I'm sure may palusot na naman yan
16:34.6
If you're gonna go for hard questions
16:35.6
Make sure may follow up ka kagad
16:36.6
Ang dali lang naman
16:37.6
Ilabas mo kagad yung phone mo
16:38.6
Siguraduin mo lang yung phone mo
16:39.6
Hindi kasing luma ng phone natin
16:40.6
Medyo bago-bago pang phone
16:41.6
Kaya mataas yung volume
17:06.6
I'm sure tatawa na niya
17:09.6
You have to do that guys
17:10.6
You have to do that
17:14.6
Isa sa mga favorite kong journalist
17:15.6
Although I don't agree with him sometimes
17:16.6
And minsan feeling ko sub-like
17:18.6
Yung ginagawa niyang interview
17:19.6
With Senator Trillanes
17:21.5
That was a bad interview.
17:22.8
I don't think it was a good one.
17:24.0
I'm talking about
17:25.2
si Stephen Sucker
17:28.1
Ang pangalan niya.
17:28.9
I hope I pronounced it properly.
17:32.8
is actually one of my favorite programs
17:34.5
nung kabataan pa natin.
17:37.3
I learned a lot from this.
17:38.5
Kasi alam mo naman
17:39.1
medyo combative style tayo.
17:40.3
I really like it.
17:41.3
Super maganda siya.
17:46.0
Feeling ko yung pangit
17:46.8
yung interview na kay Trillianis
17:48.7
pang dating niya.
17:49.6
The way na in-attack
17:50.3
niya si Trillianis.
17:52.9
prepared for that.
17:55.9
Siyempre BBC will be on
17:58.1
Medyo I think too hostile.
18:00.7
Gusto ko yung style niya
18:02.3
If may sasabihin ka na
18:07.3
Kunyari in-interview niya
18:08.8
sabihin natin ng Uganda.
18:10.5
Tapos sinabi ng dictator
18:12.7
na ano sabihin niya
18:16.8
you know we treat well
18:18.1
these communities
18:19.4
and then it's like
18:24.3
on date this and that
18:25.8
and isasabihin niya
18:26.9
yung buong quote.
18:28.1
But this is exactly
18:28.8
what you said last month.
18:30.6
So how can you tell us
18:33.9
Hindi hindi bastos.
18:35.6
Hindi confrontational.
18:40.5
you're just giving platform
18:41.8
na lang to the other side
18:42.8
to get away with things.
18:45.0
To get away with things.
18:46.4
Or ginawa mo na lang
18:50.3
Medyo may pagka postmodern
18:51.4
nga si Digong eh.
18:53.3
Ang tingin ko kay Digong
18:55.3
postmodern president.
18:57.0
Kasi yung relationship niya
18:58.0
with truth and facts
18:59.2
ay very postmodern.
19:01.1
Very relativistic.
19:11.3
postmodern version
19:13.7
So you have to really
19:14.7
you have to push back
19:17.2
In fairness I would say
19:20.3
hindi ko sinasabi
19:21.4
dahil kaibigan natin yan.
19:24.9
she tends to do that.
19:27.4
In the Philippine context
19:28.3
I think Karen Davila
19:29.2
comes closest to that
19:30.4
among the prominent
19:36.4
Dapat the rigor yan.
19:37.2
When you're dealing with people
19:39.4
I won't use the word
19:41.6
medyo clinical mo siya.
19:55.9
Ayon ng facts first
19:57.8
Yung mga ganun type
19:58.6
you have to be tough with them.
20:02.0
and you have to show it to them.
20:03.5
nasa cellphone mo lang sana.
20:04.6
Lakasan mo ng konti
20:05.6
sana medyo bago-bago pa ng phone
20:09.2
so that's one issue
20:10.8
that we discussed.
20:12.0
sasabihin niya move on na tayo.
20:13.6
Ganun naman kayo eh.
20:14.9
Eh ganyan naman kayo eh.
20:18.8
sasabihin niya move on na.
20:21.1
Pero kung kayong ano
20:27.6
Hanggang ngayon nga
20:28.2
binabash pa rin nila.
20:30.3
binabash pa rin nila.
20:31.1
Tapos sasabihin niya move on kayo.
20:33.1
inaayong mag move on eh.
20:38.0
going back to this
20:44.0
tactical recalibration
20:45.2
that Digong has done
20:49.9
dini-deny niya lahat
20:50.9
yung mga attack niya
20:54.6
And then suddenly
20:55.9
support mode siya
20:57.2
100% dito sa Chacha.
21:00.0
the other important marker
21:01.3
of trying to understand
21:02.7
ano yung direction
21:04.3
ng political tactics
21:07.5
is yung issue ni Kiboloy.
21:09.7
Finally we're here.
21:10.8
And this is where
21:11.4
things are interesting.
21:15.6
naging active tayo
21:21.0
like si Mark Camboa.
21:22.8
stop bashing the guy.
21:24.8
he's not a believer
21:27.5
That doesn't mean
21:28.0
that he's a believer
21:28.6
in the other side
21:32.2
because he's the one
21:38.0
sa traditional media
21:41.4
chattering classes.
21:42.4
Get the message out
21:43.3
and get the message out
21:44.7
you're comfortable with.
21:46.1
Yung ganitong style
21:48.0
And in more regular
21:51.0
But the other thing
21:52.2
I really appreciate
22:13.6
or yung mga malapit
22:19.6
ano yung mga sinasabi nila
22:23.4
ng kanilang positioning
22:24.6
kasi may anin eh.
22:26.1
May script yung mga yan eh.
22:27.6
May positioning yan.
22:28.6
May algorithm yung mga yan eh.
22:35.5
mercenary pa nga eh.
22:46.6
So one of the things
22:49.3
ni Kibuloy for instance
22:50.8
hardcore supporters
22:55.6
Especially when things
22:56.6
got really really
22:57.6
testy for Kibuloy.
23:05.7
the whole episode
23:08.7
House of Representatives
23:17.0
you have this situation
23:17.9
whereby si Kibuloy
23:20.7
Kibuloy is essentially
23:22.1
ayaw ka na magpakita
23:26.2
I feel threatened
23:29.8
And then of course
23:30.3
katulad ng pinakita natin
23:33.0
pinagtawanan lang niya.
23:34.7
bakit ka na gano?
23:38.6
Magpakita ka lang.
23:39.2
Explain mo yung side mo.
23:39.9
Tapos na umusapan.
23:40.8
Problem is solved.
23:43.2
Digong is saying now
23:44.1
exactly the same thing
23:49.0
suddenly you have
23:51.6
you have suddenly
23:53.3
isa pang block natin
24:03.1
Yan ang ginagawa natin
24:05.5
a safe space for people
24:07.3
naman itong discussion natin.
24:10.6
Balikan natin ito guys.
00:00.0
24:46.040 --> 24:46.880
24:55.4
Sino si Kiko de Republica
25:03.8
Balikan natin ito ha
25:07.2
Let's get back to business
25:10.0
Now you have a situation
25:13.5
essentially echoing
25:15.8
and this is with respect
25:17.5
to someone who is
25:18.2
his lifetime friend
25:23.0
that binigyan siya
25:25.7
or anything like that
25:26.4
tapos nagbiro-biro lang siya
25:27.4
and he got away with it
25:28.7
Ito bigla si Digong
25:30.5
Ito yung advice niya
25:32.4
Just get yourself arrested
25:34.6
Huwag ka na magdrama dyan
25:36.1
Magpakita ka na lang dyan
25:39.9
So dun sa isang press conference
25:43.4
Just get yourself arrested
25:45.1
This is a free country
25:46.6
If you don't want to go there
25:48.7
Then get yourself arrested
25:49.9
I'll give him the free choice
25:57.3
Parang malit lang kaso
25:58.7
lang naman yan eh
26:01.3
malit na kaso yan
26:03.7
mataas na criminal case po yan
26:07.1
even the US State Department
26:08.4
had to make a big statement
26:10.7
America would not
26:12.8
He's free to roam around
26:13.9
the country's cases
26:16.0
He doesn't have a case
26:16.8
in the Philippines
26:17.4
So he's free to roam
26:18.6
around the country
26:19.9
He's free to roam
26:27.8
To go around the country
26:31.6
Yun yung sinabi ni Digong
26:36.0
the cases that are
26:37.1
sinampas sa kanya eh
26:39.6
hindi po accurate
26:40.8
yung sinabi ni Digong
26:43.5
hindi na naman accurate
26:45.2
But the important thing is
26:47.6
Why is he being so dismissive
26:50.1
when the other side
26:51.3
Nako malaking kaso talaga eh
26:53.6
Pakita ko lang sa inyo
26:55.6
Just to remind people
26:56.8
what kind of allegations
26:58.7
or criminal cases
27:00.2
we're talking about
27:01.0
Kaya seryosong seryos
27:03.0
yung pinag-usapan dito guys
27:08.8
Sex trafficking by force
27:10.9
Fraud and coercion
27:12.0
Sex trafficking of children
27:14.4
Fraud and misuse of visas
27:16.0
Bulk cash smuggling
27:17.2
Promotional money laundering
27:18.6
Concealment money laundering
27:19.9
International promotional money laundering
27:22.1
Medyo next level itong mga ito
27:24.8
Ito yung mga indictments
27:26.0
by a federal jury
27:27.1
ni District Court in California
27:31.8
Sex trafficking by force
27:33.5
Fraud and coercion
27:34.5
Sex trafficking of children
27:37.3
Fraud and misuse of visas
27:38.7
Bulk cash smuggling
27:40.0
Promotional money laundering
27:41.4
Concealment money laundering
27:42.6
International promotional money laundering
27:44.4
This is no joke guys
27:46.4
Kaya yung U.S. Embassy nagsabi na
27:48.1
For more than a decade
27:50.7
engaged in serious human rights abuses
27:52.4
including a pattern of
27:53.4
systematic and pervasive rape of girls
27:56.2
as young as 11 years old
27:57.2
Yan yung sinabi ng U.S. Embassy
27:58.3
And he's currently on the FBI's most wanted list
28:01.0
We're confident daw
28:02.3
na itong tao na to
28:03.5
will face justice
28:04.3
for his heinous crimes
28:06.1
So how can di kong say
28:13.8
a superpower country's embassy
28:19.2
Walang takas dyan
28:22.1
Hindi ka makakalusod dyan
28:23.3
Eventually there'll be something
28:24.4
And all of these guys
28:26.2
And all of these guys
28:31.5
You have a president
28:34.0
Who's actually very friendly
28:35.8
with the United States
28:37.5
Very friendly with the United States
28:41.9
Para mas tama yung sinisabi
28:43.8
Ang sinisabi ni Kiboloy
28:44.8
Kasi sinisabi ni di kong eh
28:46.8
Ang sinisabi ni di kong
28:47.6
Parang wala lang yan eh
28:49.1
Ay Ameri ka lang yan
28:51.6
Mabigat itong mga
28:56.0
Mga indictments na yan
28:57.4
And there won't be
28:58.4
Federal indictments
28:59.6
Based on haka ka lang
29:01.1
This is a serious stuff
29:02.5
We're talking about
29:03.5
So why would di kong
29:04.7
Be so dismissive suddenly
29:07.5
You would expect di kong
29:09.5
Consplaining and saying
29:13.8
They want to bring
29:15.3
My good friend down
29:17.4
Ito yung sinabi ng US
29:18.8
So this is no joke
29:22.9
Hindi ito biro guys
29:25.5
Big time itong mga allegations na ito
29:27.8
So mas accurate pa siguro
29:29.0
Sinisabi ni Kiboloy dito
29:30.8
Which is an interesting situation
29:35.0
Opposed interpretation
29:36.1
Of a quite serious situation
29:38.1
So what's going on here?
29:40.3
So what is going on here?
29:43.8
So what is going on here?
29:45.8
Let me show you guys
29:47.6
Anong advice ni Marcos
29:50.9
It almost exactly mirrors
29:52.6
Positioning ni Digong
29:56.2
May pagka-unitim sila
29:58.2
Pagdating sa case ni Kiboloy
30:00.5
There is a unitim
30:01.9
This is what Marcos said
30:05.3
Lalagay natin ng English translation
30:06.9
And then tingnan nyo
30:10.7
Compare nyo dun sa sinabi ni Digong
30:13.5
It's the same essentially
30:16.4
Very dismissive about it
30:18.0
Magpakita ka lang
30:19.4
Para relax ka lang dyan
30:21.4
There's nothing big here
30:28.4
This is an interesting situation
30:30.5
Suddenly Digong is
30:32.5
Playing nice to Marcos
30:35.3
Wala naman siyang sinabing masama
30:37.7
I'll support your chacha
30:38.7
And then essentially
30:39.7
Echoing the line of
30:43.5
O pat na wala ito
30:45.1
Magpapakita natin talaga ito guys
30:48.9
Hindi ito maritas maritas lang
30:53.4
Kailangan natin na
31:02.3
Bago tayo pumunta sa Bitcoin
31:05.3
So Digong says this
31:07.9
Just get yourself arrested
31:11.5
This is a free country
31:13.9
Free choice lang yan
31:15.9
Malit lang kaso lang yan
31:17.4
Minor cases lang yan
31:18.6
Tapos tignan mo yung sinabi
31:22.3
Well I would just advise him na
31:24.2
Just kung meron siyang sasabihin
31:26.3
Yes an opportunity hearings
31:27.8
Both in the House and in the Senate
31:29.1
To say side of the story
31:34.7
Walang nangyaring ganyan
31:35.8
Referring dun sa mga sinasabi ni Kibuloy
31:38.6
They're out to get him
31:40.6
So this is very interesting
31:42.3
Convergence of positioning
31:43.5
Between Duterte and BBM
31:44.8
And to consider how close
31:47.5
Kibuloy is supposed to be to Duterte
31:52.5
You can see really he's a politician after all
31:56.9
Niccolo Machiavelli
31:59.2
Machiavelli Machiavelli
32:05.0
But I'll tell you what
32:07.4
Speaking of Machiavelli
32:11.6
Digong is taking positions
32:14.6
Which are very very close
32:16.0
Dun sa positions ni BBM
32:18.2
He's walking back
32:20.8
Lahat ng mga attack niya kay BBM
32:24.4
Nasa harap ng buong mundo
32:26.4
Nasa harap ng buong cameras natin
32:28.9
This is also what's happening
32:32.1
Behind the scenes
32:33.5
So apparently behind the scenes
32:36.0
And I heard it from my own sources
32:38.9
And we saw some of the other stuff
32:41.4
Is may purge yan nangyari
32:43.2
So ayon sa report na eto
32:48.0
Nagpa-purge na ang
32:53.9
Duterte appointee people
32:56.0
Na pinipilit na magstay sila dyan
32:58.5
So ayon dito sa report ng
33:01.7
Bureau of Custom Insiders
33:03.7
Swirling speculation of major checkups
33:06.1
Set to target key appointees
33:07.7
Linked to former president
33:10.0
Ayon sa report na eto
33:13.2
May nangyari na loyalty purge
33:18.3
So tatanggalin yung mga
33:20.2
Questionable yung loyalty
33:21.7
Or yung mga tingin nila
33:22.9
Masyadong malapit kay Digong
33:25.0
Or hindi significantly loyal
33:27.5
Or fully reliable
33:29.2
Sa tingin ng kasalakuyan na administration
33:31.9
Among those rumored to be in the crosshairs
33:34.5
Are Deputy Commissioner
33:35.6
Deputy Commissioner
33:40.3
Deputy Commissioner
33:41.4
Imports and Assessment Service Director
33:46.2
Daming Deputy Commissioners palang
33:48.6
Baka pwede matanggal
33:49.5
Hindi ko na lang sinabi ng mga pangalan
33:50.9
Pwede niyang basahin on your own
33:52.0
Because hindi pa final eto
33:53.2
Medyo may pagkamarites etong
33:56.2
Call out the names
33:58.7
But this actually guys
34:00.4
Jives with a number of other
34:04.1
And actually new appointments
34:07.3
That we saw in the administration
34:08.6
Kung saan tinatanggal talaga
34:11.0
Sa dating administration
34:13.2
So what's going on here?
34:15.5
This is where you see
34:16.9
Politiko rin talaga si BBM
34:19.4
So BBM is trying to play nice
34:21.0
Hindi siya nagpipick ng fight
34:24.3
Hinaya niya si Digong
34:25.9
To think na Digong
34:28.4
He can get away with anything
34:29.6
And then pwede siya magpakiyot
34:30.7
And then pwede siya mag
34:32.9
Pwede siya mag ano
34:37.1
Hindi po naive si BBM
34:42.7
He may look indecisive
34:44.8
He may look as someone
34:46.6
Who's not drawing the line in the sand
34:48.7
Or allowing the Thor's hammer to fall
34:51.2
But at the end of the day
34:52.9
Behind the scenes po
34:54.3
May mga unting adjustments
34:55.5
And adjustments nangyari
34:57.2
One perhaps big reason
34:59.2
Why the president is very comfortable
35:01.3
In fact now almost openly
35:04.2
What is gonna be a logistical nightmare
35:07.6
Potentially a plebiscite
35:09.8
For a new constitution
35:11.7
Isa ba isa midterms
35:13.3
Logistical nightmare yan
35:14.5
Kawawan ko malik dyan
35:15.9
We can have a separate discussion
35:17.7
Logistical technicalities of that
35:19.5
That's gonna be a serious case
35:21.1
So I think one reason
35:23.0
Very openly comfortable
35:24.1
With charter change
35:25.6
And then you are seeing this purge
35:30.5
Hindi naive yan si BBM
35:32.0
Matagal na sa politika
35:33.1
Mga OG yung mga Marcoses na yan
35:35.0
You shouldn't underestimate them
35:38.3
All of these interesting
35:44.2
Relax ka lang dyan
35:45.9
Ay wala kami away ni Presidente
35:47.9
Wala akong sinayang masama
35:48.7
Yung Presidente naman
35:50.5
Pero behind the scenes
35:51.7
Everyone is making moves
35:53.1
So this is the reality
35:54.7
This is the house of court situation
35:56.5
That we have in the Philippines
36:01.8
Nothing is as it appears
36:03.9
That's the basic reality
36:05.5
With Philippine politics
36:06.7
The problem though is
36:12.8
There's no reason to believe
36:15.7
Any of the official statements
36:16.8
Or public statements
36:17.6
Of these politikos
36:18.5
At at the end of the day
36:19.2
They're all playing their games
36:20.3
Kaya we are in this
36:23.3
Extended state of suspension
36:25.4
Na nakikita natin dito
36:29.7
Ano ba nangyayari drama sir?
36:30.7
Kung ano nang nakita
36:40.6
, ay mga ano pala yan
36:43.3
May mga hugot-hugot pala yung mga
36:46.5
Drama pala yung mga
36:47.9
Mga artista celebrity dyan
36:49.4
May exam na natin pag-usapan
36:51.6
Now before we draw to a close
36:58.6
Marami tayong gustong pag-usapan
37:00.1
But maybe we have to have
37:01.1
A different episode
37:01.8
Just talking about Bitcoin
37:03.7
In a very simplified fashion
37:06.0
Ito po yung sinabi natin
37:07.2
Dun sa isang post natin
37:09.0
We need a full episode
37:11.4
To discuss really
37:12.5
The integrities of this
37:13.4
Pero ang point ko is
37:14.3
For a very long time
37:18.2
Two fundamental functions
37:21.5
As a bearer of value
37:23.3
Or a storage for value
37:24.8
And the other one is
37:26.1
For exchange purposes
37:29.2
And those two elements
37:30.2
Are very important
37:31.9
Something's value
37:33.5
Is also determined
37:37.8
Kung something is
37:39.9
, in availability
37:44.7
Gonna be very high
37:48.4
Dapat limited yung
37:51.2
But the other thing is
37:53.1
Up until the 20th century
37:57.5
Monetary policies
38:03.1
Metal based standard
38:04.6
Precious metals based standard
38:07.8
Under the British system
38:10.8
All the Britain itself
38:12.0
Was gold standard
38:12.8
US was gold standard
38:13.6
So I won't get too much
38:15.4
And then later on
38:23.2
International system
38:24.2
I think I'm gonna talk
38:24.7
About Bretton Woods systems
38:28.3
To early and mid 1970s
38:32.3
Essentially since 1980s
38:34.1
We're in what you call
38:35.0
A fiduciary system
38:38.3
The value of money is
38:39.9
Essentially a reflection
38:43.7
In sovereign guarantees
38:46.6
This is an important thing
38:49.8
Maraming supporters
38:52.8
The central banks of the world
38:54.1
Love to hate authority
38:55.7
So there's always
38:56.5
This kind of a utopian
39:01.4
The thing with the state
39:04.8
The state has many evils
39:06.6
And the state can go wrong
39:08.5
But the thing with the state
39:11.6
Pagdating sa estado
39:13.4
Especially mga malalaking bansa
39:21.7
Capacity to raise taxes
39:26.1
Perpetual capacity
39:28.2
Going back to the definition
39:33.4
Political authority
39:35.9
Monopolized use of violence
39:37.4
Over defined territory
39:51.2
Meron siyang kakaya
39:52.5
Na mag-raise ng taxes
39:54.9
And we're talking about
39:56.2
Trillions of dollars of taxes
39:57.9
In the case of bigger economies
40:00.0
So if you look at the biggest
40:01.7
Currencies in the world
40:02.6
Whether it's US dollar
40:03.5
Whether it's the Japanese yen
40:04.6
Whether it's the Euro
40:09.1
Renminbi and Yuan
40:10.2
Because there's a more
40:10.9
Technical issue there
40:11.6
Which is capital account
40:13.8
Now if you look at
40:14.8
Fully convertible currencies
40:16.9
Renminbi of China
40:18.2
Is not fully convertible yet
40:19.4
There are many capital controls
40:20.8
And monetary restrictions
40:23.9
If you look at the
40:24.8
Fully convertible
40:25.7
International currencies
40:35.1
States that can raise
40:37.0
Trillions of dollars
40:41.9
Hindi totally scam
40:46.8
Even critical here
40:48.4
Sabihin na totally scam
40:50.1
Because this is backed
40:51.2
By sovereign entities
40:57.4
The value of that money
41:06.4
There's just not enough
41:12.8
Trillions of dollars
41:15.3
Sometimes every few
41:26.4
Or pegged directly
41:27.4
To a precious metal
41:29.2
Like gold or silver
41:30.5
And literally before
41:32.1
Yung hawak mong coin
41:35.7
Yun yung more or less
41:36.9
Of course sometimes
41:38.0
Well there were a lot
41:38.8
Of distortions here and there
41:39.8
But that's the idea
41:41.5
Gold coin was literally gold
41:43.5
It's not only used for exchange
41:48.3
It's own direct value
41:49.2
But at some point
41:50.4
Because the world economy
41:52.0
Population was booming
41:53.0
And the financial system
41:54.5
Became so sophisticated
41:55.5
You cannot just rely on
42:00.7
Pwede i-back up yan
42:07.9
The currency of countries
42:11.2
Essentially international
42:12.2
Network of interaction
42:13.9
And by the level of confidence
42:15.6
You have in the economy
42:19.1
The US did some cheating
42:21.1
Mahabang usapan yan
42:22.0
Because one of the cheatings
42:23.8
The post-World War system
42:26.8
It favored the United States
42:31.3
In a way that it made dollar
42:33.2
The global reserve currency
42:35.0
But let's not forget again
42:37.9
A 20 trillion dollar
42:41.0
Malami silang utangan problem
42:42.2
But it's still a huge economy
42:44.7
It's a huge state
42:46.3
That can raise trillions of dollars
42:48.6
And resources every year
42:50.3
So it's not totally
42:51.9
Mickey Mouse money
42:52.8
To just dismiss that
42:54.0
As scam and Mickey Mouse money
42:56.4
The ability of the US government
42:57.7
To raise so much resources
42:58.9
I mean they're spending
42:59.6
A trillion dollar
43:00.9
On their military
43:01.6
And army alone every year
43:04.7
And then suddenly to say
43:07.0
I'm all for Bitcoin
43:08.8
I don't know whoever
43:10.2
And then you come up with
43:14.1
Basically the idea with Bitcoin
43:17.2
Horizontal network
43:18.5
Exchange mechanism
43:22.8
Now the problem with the Bitcoin
43:25.1
It's neither based on
43:28.9
Carries intrinsic
43:31.6
Nor is it backed by
43:33.1
Any sovereign entity
43:36.9
Significant amount of money
43:39.3
And then you come up with
43:40.2
Based on its sovereignty
43:41.8
The value of that money
43:43.3
And there's no regulation
43:45.5
There's no nothing
43:47.1
You lose your money
43:48.9
You don't have any responsibility
43:52.0
That the beauty of Bitcoin
43:53.3
And just to be fair to you
43:54.4
Is that you circumvent
43:55.8
All of this imperfection
43:58.8
All of these problems
44:00.2
With dollar being
44:03.0
The de facto reserve currency
44:06.6
Bitcoin is one way
44:07.9
Also for some people
44:09.8
Kaya a lot of criminal elements
44:13.4
Where they're not so good parties
44:14.7
But the point is this
44:20.3
Because it's neither based
44:21.8
In precious metal
44:23.4
So it doesn't have
44:24.1
An intrinsic value
44:26.2
And it's not backed
44:27.0
By any sovereign authority
44:28.1
There's no regulation
44:29.3
And there's so complex
44:30.8
Mathematical formulas
44:31.9
To even generating it
44:38.5
On market sentiment
44:39.3
And just to give you
44:40.1
An idea about how
44:42.6
It's really really
44:45.1
It's very volatile
44:45.9
It's extremely volatile
44:47.6
I was just looking over
44:49.1
The past 12 hours or so
44:54.0
Not even 12 hours
44:57.3
Dito sa value ng Bitcoin
45:02.6
The graph is even more unstable
45:04.6
And you're looking at crazy
45:08.4
It's like I'm looking
45:09.7
Completely uneven
45:11.0
Mountain landscape
45:14.0
Waves in the ocean
45:21.2
Bumili ka ng Bitcoin
45:22.0
And then the next morning
45:23.9
Sometimes it's valued more
45:25.7
But sometimes it could be
45:26.6
Also valued significantly lower
45:28.1
Kaya ang daming tao
45:30.4
Na nilagay nila lahat
45:35.8
Sobrang baksak yung presyo
45:37.1
Ngayon tumataas ulit
45:43.0
What I'm sure about is
45:49.2
Everyone is doing
45:49.8
I'm not saying that
45:50.7
All people who have Bitcoin
45:51.8
Are just hyping it
45:52.7
I think many people
45:53.5
Are very genuine about it
45:54.7
I think Chris Stein
45:55.4
Is genuinely invested in this
45:56.9
There are a number of people
45:57.9
Who are genuinely invested in this
45:59.2
But the reality is
46:03.7
You use bad words
46:04.6
Tanggal kayo dyan
46:07.9
Hindi mag-improve
46:09.4
Hanggang dyan lang kayo
46:10.4
Di wag kayo bumunta dito
46:13.4
Going back to this
46:17.2
Because the value of the Bitcoin
46:18.9
By market sentiment
46:21.7
Are gonna buy Bitcoin
46:23.9
Institutional investors
46:25.5
Are gonna come in
46:26.2
They have every reason
46:33.7
Nang sobrang gusto nila
46:35.1
They tend to be people
46:36.4
Who have a lot of Bitcoin
46:38.3
Because it serves their purpose
46:40.1
For you to come in
46:42.4
It's precisely because
46:43.3
It doesn't have those two elements
46:44.9
That I talked about
46:47.6
Being pegged to a gold
46:49.8
Or precious metal
46:51.0
It's not backed by any kind of
46:52.6
Sovereign guarantee
46:53.3
Or anything like that
46:54.4
So a lot of it is
46:56.8
A lot of this is about
46:58.1
Confidence and trust
46:59.3
And a lot of this is about
47:00.6
Bringing in more and more
47:02.3
To push up the value and price
47:12.0
Bitcoin may reach
47:15.8
They're expecting this to go up again
47:19.2
After going already up 40%
47:21.5
What is this based on
47:25.8
That that's gonna happen
47:26.8
That's my problem
47:27.8
Ang daling sabihin na
47:28.8
Bitcoin will be this and that
47:30.1
And how many times
47:31.2
These people are proven wrong
47:35.4
I'm not ruling out the possibility
47:37.6
Is going to be this and that
47:37.7
That Bitcoin's value
47:38.2
May increase over time
47:41.5
This is what you call
47:42.4
Intersubjective consensus
47:46.0
Institutional investors
47:49.8
Over the past 3 to 4 weeks
47:53.4
Genius of Bitcoin
48:03.6
This thing goes up
48:04.3
We don't wanna miss on things
48:15.0
In the value of Bitcoin
48:18.7
Is actually driven
48:20.7
Financial institutions
48:24.2
Financial institutions
48:30.5
Of their portfolio
48:31.2
Or something like that
48:31.9
It's still gonna be big
48:33.9
How much these people
48:37.5
Skepticism about it
48:40.5
And the Bitcoin world
48:42.4
Is relatively so small
48:43.6
Even a very small
48:45.1
Part of their portfolio
48:45.9
Can have that kind of
48:48.3
For people to confidently
48:55.7
1 million dollars
48:57.5
Where is this coming from
49:00.7
What is it based on
49:04.1
It's really hype industry
49:07.0
Let me end on this note
49:08.5
We also know that
49:09.9
Hype sometimes works
49:11.5
Self-fulfilling prophecy
49:15.6
In a sustained fashion
49:16.6
Under the right circumstances
49:17.8
It actually can create
49:19.4
Totally new realities
49:24.2
He hyped the issue of drugs
49:26.0
He hyped the issue of crime
49:27.7
Totally not based on
49:30.3
But he was just so convincing
49:33.9
He had an interest for
49:36.7
I'm coming full circle here
49:39.4
A lot of populists
49:40.9
Whether it's Trump
49:42.8
They have an interest
49:44.4
In exaggerating things
49:47.1
So that they look as
49:52.4
Sabi nga ni Digong
49:53.6
Magiging narco-state tayo
49:58.1
Ako yung huling baraha
50:00.5
Mga ganyan ganyan
50:02.8
Maraming naniwala
50:04.2
So dahil maraming naniwala
50:06.5
Even if you don't believe it
50:07.2
Walang basihan yung mga sinasabi niya
50:09.3
Political reality siya
50:15.3
You can actually create
50:17.3
New political realities
50:18.7
And if that can work
50:20.8
In the world of politics
50:22.4
It might also work
50:26.0
Thank you very much
50:33.8
Don't forget guys
50:35.0
Dun sa mga gusto mag-attend
50:36.6
Already nag-sign up
50:38.6
A few hundred folks
50:39.9
I think I've signed up
50:40.8
Or at least 100 or 200
50:41.9
Dun sa talk natin tomorrow
50:46.2
We wanna talk about
50:48.7
We're gonna talk about
50:53.2
So it kind of builds on
50:54.4
My lecture before
50:56.3
Around 6-7 months ago
50:58.0
But I'll try to give it more
51:00.2
Maraming nangyari
51:08.4
New twists on that
51:09.2
So let me get some
51:10.5
So that I can work
51:13.6
Please don't forget
51:20.5
A panel discussion
51:21.4
Ang kasama po natin
51:23.2
Is Secretary Guido Chodoro
51:28.7
Si Justice Carpio
51:32.5
International event
51:38.1
So you just have to
51:41.4
Yung mga pinost natin dyan
51:42.6
Just check the QR code
51:49.2
Yun lang yung check nyo
51:50.2
And then please also guys
51:54.3
Also please check
51:57.1
Yung lecture natin
51:58.5
If you can join us
51:59.4
Thank you very much
52:01.8
Anong sinisabi na ito?
52:10.7
Tine-trash-talk niyo
52:12.1
Sorry sa dalawang followers mo
52:17.0
Thank you very much
52:18.2
And talk to you soon
52:20.8
Thank you very much
52:25.1
Nasa TikTok na ako
52:30.7
Gawin natin mulit yan
52:33.0
Earlier next time
52:35.7
Dun sa mga nag-greet ng
52:36.8
Advanced birthday
52:38.9
I really appreciate it
52:40.2
Really really appreciate it
52:46.2
Talk to you soon guys
52:47.3
And also salamat sa inyo guys
52:50.5
And please continue to support us
52:52.2
Libre lang mag-subscribe
52:53.5
Libre lang mag-support
52:54.6
And also please don't forget to support
52:56.2
And subscribe dun sa ating podcast
52:59.2
Thank God we're getting reviews
53:01.1
Good reviews from all around the world
53:02.5
Five star reviews from all around the world
53:03.0
Five star support
53:04.2
So please just continue to
53:06.9
We can spread the word
53:09.4
God bless and talk to you soon
