That

is a ridiculous statement. Right. Too predictable. I mean, what is gold? Isn't that why gold is gold? It's most predictable, predictably supplied analog asset. It's been valued as money for 5,000 years. All the arguments that people throw out in favor of gold are rooted in its predictability. Yeah. And Bitcoin has perfected predictability and the money. It's the closest thing to perfect information we're ever going to have in a market. If you are a business owner or manager, you should know these three numbers. 36,000, 25, and 1. 36,000 is the number of businesses that have upgraded to NetSuite by Oracle. NetSuite is the number one cloud financial system, which allows you to streamline accounting, financial management, human resources, and more. NetSuite turns 25 years old this year. That's 25 years of helping businesses do more with less, close their books in days rather than weeks and to drive down cost. And finally, one, because your business is one of a kind. So with NetSuite, you get a customized solution for all your key performance indicators in one efficient system with one source of truth. NetSuite is everything you need all in one place. Right now, you can download NetSuite's popular KPI checklist designed to give you consistently excellent performance absolutely free at netsuite.com slash what is money. That's netsuite.com slash what is money to get your free KPI checklist. Again, netsuite.com slash what is money. Now, I'd like to tell you about our sponsor, Icoin technology. Icoin has just released a sleek new hardware wallet. It looks like a mini iPhone, a little touch screen and camera on it. The device has no Wi-Fi, no cellular connection, no GPS. It's a strictly physically cold hardware wallet. Like I said, it's got a high-res, three-inch touch screen. It's got a camera for air gapping wallet. It's got optional Bluetooth compatibility. And it's really a brand new UI UX experience for a hardware wallet, making it very accessible, easy to use, not intimidating. And as we always talk about on this show, the only way you can truly own your Bitcoin is by having it in self-custody. So you need a device like Icoin wallet to truly own your Bitcoin. Go to icointechnology.com today and use promo code Bitcoin23 for 30% off of this new sleek hardware wallet.

In the last episode, we talked about how credit events are brought out by or that they're precipitated by non-monetary causes. This is just you and me riffing. And we agreed, you and I agreed that monetary inflation usually precedes a big credit event, but a non-monetary accident or calamity usually sets a light the dry tinder of credit inflation that has been building up in the system. You know, as we record this, we might be on the verge of such a non-monetary event as events in the Middle East heat up. Bitcoin itself might be an event that kicks off credit inflation. You know, Bitcoin has its own gravity and Bitcoin is doing its own thing right now. So the bond market in general, not today, but in general is selling off on the realization that, you know, as you and I just talked about, the US government is going to have to fund it. I can't take them out of debt and that there's no longer any buyer big enough. So that's like where we are. That leads us to myth number two in our list, which was that laissez-faire capitalism was to blame for the Great Depression. So this is a, I'm going to read a lot from Rothbard's book. Rothbard, America's Great Depression. He writes, the chief impact of the Great Depression on American thought was universal acceptance of the view that laissez-faire capitalism was to blame. The common opinion among economists and the lay public alike holds that unrestricted capitalism prevailed in the 1920s and that the tragic depression shows that old-fashioned laissez-faire can work no longer.