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Luke Mikic
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- 2022-11-16
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- 2022-11-16
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“I'm wildly bearish on China. Mark and I have done a number of videos on this. They're suffering a water crisis, an energy crisis, demographic crisis, an economic crisis that a lot of people just don't talk about. They just talk about the good things of China. And I definitely agree with your synopsis. It's very hard to get accurate data coming out of China. But from all reports, like their property markets down 60, 70, 80% over the past 12 months, stock markets in a shambles. They're more indebted than the US. I'm very, very bearish on China.”
2022-11-16 · We Study Billionaires · BTC104: The US FED & Treasury Need Bitcoin w/ Luke Mikic (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Take over the reign from the previous global empire. So the US has kind of been on this ascending trajectory for the past 250 years, which kind of began back in the 1770s with the kind of declaration of independence. That's kind of where I think the rise began for the US. And the US kind of, in my eyes, definitively overtook the British Empire in the early 1900s when we took the global reserve currency off the Brits. And now Dalio's kind of putting forward the proposition that, hey, the US Empire is in a period of decline, we're about to see the challenger, the rise in Chinese empire is, as he calls it. I'm not sure if that fully answered the question or not, but that's kind of where that 250-year Empire cycle idea comes from, Dahlia.”
2022-11-16 · We Study Billionaires · BTC104: The US FED & Treasury Need Bitcoin w/ Luke Mikic (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, so Mark's been a great teacher of mine over the years. I've been lucky enough to work for him for about four months or so now, which is a little bit of a dream come true for myself. I've learned a lot from Mark and the 250 Empire Cycle essentially comes from Ray Dalio's books. He's written a number of great books, but I think the most recent book he released was titled The Changing World Order. I think it was November 2021. He popped that one out. And Dahlia just essentially looked back at the past 500 years of human history. and he looked at the rise and decline of 10 of these great empires. So obviously you got the Ottoman Empire, the Chinese Empire, the Spanish Empire, British Empire, and obviously the US Empire today. And he just noticed a similarity between all of these empire cycles. And he just kind of noted that they go through these 250-year cycles where the rising empire would rise. It would go through a period of economic growth, economic prosperity, and then obviously it would”
2022-11-16 · We Study Billionaires · BTC104: The US FED & Treasury Need Bitcoin w/ Luke Mikic (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“90 year forth turn in. We're living through obviously the sovereign individual thesis. So we kind of entering this digital age. And then obviously all of these cycles are kind of unwinding simultaneously today in the 2020s. And I believe that these cycles are all going to be the catalyst for probably igniting a Bitcoin adoption curve that's going to actually surprise a lot of people. That's kind of my zoomed out approach. That's kind of why I believe the world is so chaotic and transforming so rapidly today in the 2020s because what we're living through is something that we've never seen before in human history. That's where I like to start. I like to kind of zoom out and take a look at the bigger picture.”
2022-11-16 · We Study Billionaires · BTC104: The US FED & Treasury Need Bitcoin w/ Luke Mikic (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Well, firstly, thank you so much for the kind words. I really appreciate that. And that's kind of how I like to kick off any sort of discussion in the whole Bitcoin and macro space. I like to zoom out and say, okay, let's actually have a look at the big picture here and have a look at what we're actually going through in the world today. Because a lot of people kind of understand the world's changing very quickly. It's very chaotic, but nobody really kind of understands why. So in that first article, I just simply looked at all of the kind of cycles that we're living through today in the 2020s. And there's lots of these events as well as these cycles that we've actually never seen unfold before in human history. The TLDR of that article was we're living through the conclusion of an 80-year long-term debt cycle. We're living through the conclusion of a 250-year empire cycle as the US is being challenged by Russia and China and countries all around the world. We're also living through the end of a 250-year revolutionary cycle.”
2022-11-16 · We Study Billionaires · BTC104: The US FED & Treasury Need Bitcoin w/ Luke Mikic (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“It's an absolute pleasure to be here, Preston. I'm a longtime listener of the Investors podcast. So thank you for having me.”
2022-11-16 · We Study Billionaires · BTC104: The US FED & Treasury Need Bitcoin w/ Luke Mikic (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT