Sea: 3 - Ep- #51 - What Is This Cryptocurrency Crap?! (Review Of Movie: "Everyone Is Lying To You For Money")

Send us Fan MailSeason 3, Episode #51. Not Me, But You! Podcast Follow me/message me on X at: Waypa Today. Email me at [email protected] episode contains my reactions to a movie about cryptocurrency which includes Bitcoin. Actor Ben McKenzie(not his real name which is Ben McKenzie Schenkkan) made a documentary movie about cryptocurrency called: "Everyone Is Lying To You For Money." By the way, as an aside and to help put things into context, Ben McKenzie is a multi-millionaire! Good for him. But can a multi-millionaire who has a net worth GREATER than 98% of Americans, relate to the common person? Possibly. Ben McKenzie's movie does accurately speak about some fraudsters how became wealthy in cryptocurrency and unfortunately some people also lost money using the "coins" and/or crypto exchanges that these fraudsters built (see Celsius and FTX networks for more information). But this movie also entirely misses the point about Bitcoin's advantages. The movie also does not speak about Bitcoin moving in a 4 year cycle- meaning in order to make money (profit) and see "number go up" you have to buy Bitcoin/hold Bitcoin for at least 4 years! The movie never speaks about this very obvious fact that most Bitcoin investors realize. We live in a digital economy whether we own Bitcoin or not. How often do you pay for things either in person/online with cash as compared to how often do you use a credit car/debit card to pay for things? The movie also does not speak about the digital economy in which we already live. Your bank account statement balance, your brokerage account statement balance, your 401K statement balance, ALL are DIGITAL entries. Think about it! The movie seems to indicate that people should trust the banking system. Does Ben McKenzie believe that the bank keeps his cash in a little drawer with his name on it at the bank, waiting for him or his wife to come ask to withdraw some of the cash? It's absurd to NOT understand how our banking system actually works in 2026 when anyone can utilize an internet connection to research it. The movie does NOT cover that several countries around the world continue to print MORE fiat currency. And the movie also does NOT highlight the advantage that Bitcoin has over ANY fiat currency is that there will only ever be, 21 Million Bitcoin on the planet. Scarcity can make things very valuable! The movie also doesn't speak about how someone can buy/hold Bitcoin and become very wealthy, just at Ben McKenzie has become very wealthy. Although Bitcoin does not pay me ANY dividends, it also does not cost me money-meaning I don't have to pay taxes to hold it, I don't need to get an insurance policy to own it etc. (the way I would have to do if I bought/held/owned real estate). Another feature of Bitcoin that makes it different from using the standard banking system is: I can transfer payments to anywhere on the planet, WITHOUT being forced to utilize a CENTRAL clearing house/or a BANKING institution sitting in the middle of that transfer! Ever since Covid in 2019/2020 when there was a TON of money printing done...prices have gone UP dramatically. There HIGHER prices are simply the "new normal." They prices don't temporarily go up and then go back down!! This is INFLATION at work in our economy. And the price of ENERGY can cause prices for ANY physical good to go up since FUEL  is used to truck/deliver goods all over the USA! History is full of examples where governments debased the money over time to the point where it almost became worthless (see Roman Empire, Weimar Germany, Venezuela, Zimbabwe etc.). Have courage today, to pick one thing, and work on your dreams. We will talk again soon. #BenMcKenzie, #Bitcoin, #movie, #lying, #money, #inflation, #banking, #saving, #investing, #fuel, #energy, #4yearcycleI'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions. 

Send us Fan MailSeason 3, Episode #50. Not Me, But You! Podcast   Email me at [email protected]. Or contact/follow me on X at: Waypa Today. I offer private coaching. Contact me to set up a FREE 20 Zoom call to see if working together makes sense. STRC is a place where I park cash to earn 12% per year on my money. STRC is a Bitcoin play. If you believe in Bitcoin then this an asset you may want to consider. STRC is tied to the company MSTR which holds over 700,000 Bitcoin on their company balance sheet. Earlier this year, the price of STRC dropped in the $70 range. If you believed the alleged "news" reports/predictions you might have been scared into panic selling. But for people that held on and continued to buy shares, they were rewarded when the price recovered to $99/share. STRC pays a dividend TWO times per month! Entry points when investing CAN matter. But it's best to look forward and not focus on what already happened. What can you accomplish today? Focus on that. I started in field of education before switching to the healthcare field. I walked away from a "guaranteed" pension and then learned how to create my own "pension" through investing. What do wealthy people do when they get "new" money into their bank account? Answer: they look to buy ASSETS. What do poor people do when they get "new' money? Answer: they look to buy THINGS! If you buy things, the money is gone forever. If you buy assets that pay dividends, you have INCOME consistently. It takes courage to be a successful investor because it involves taking risks. The same is true of great leaders-it takes courage to be a great leader. QQQI and SPYI remain solid places to put money where I earn a decent ROI(return on investment) but NOT a great return. But the RISK level is low when compared to very HIGH yield/high RISK assets like MSTY/ULTY. Many people who are NOT already wealthy, will likely find it difficult to BECOME wealthy if you ONLY invest in very LOW yield/low risk assets. It's possible, but you need to have BOTH a lot of TIME and a lot of MONEY to accomplish this. MSTR is a company that has Billions of dollars held in Bitcoin on the company balance sheet. What is the statistical likelihood that this company will go bankrupt? Learn from failure. Don't fear failure. Have courage today, to pick one thing, and work on your dreams. We will talk again soon. #STRC, #Bitcoin, #pension, #investing, #assets, #money, #spending, #emotions, #FUD, #panic, #focus, #goals, #failure, #failing I'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions. 

Send us Fan MailSeason 3, Episode #49. Not Me, But You! Podcast.  ****This episode some people may not want to listen to if you don't like the use of the word "moron." ****Email me at [email protected]. Or follow me/connect with me on X at: Waypa Today. I offer private coaching although the podcast is designed for many to NOT need private coaching! If interested, contact me and we can spend 20 minutes on a Zoom call to see if working together makes sense. What causes inflation? Check online, for yourself who Milton Friedman was and what he said causes inflation! We "peel the layers of the onion" regarding the topic of inflation. When inflation enters the economy, or when inflation is "introduced" into the economy, prices (costs) have to RISE in response to the inflation. I encourage you to do your own research and NOT be misled by SOME people on the internet who sound confident but are providing misleading information!  As a successful investor, I have discovered that ONE of my main financial goals when investing, is to OUTPACE the true rate of inflation! I also discuss various investments at DIFFERENT risk levels! Another financial goal I had, was to get as many assets as possible "transferred" from my traditional IRA into my Roth IRA, where the dividends paid to me are 100% TAX FREE! (after I meet two conditions).Have courage today, to pick one thing, and work on your dreams. We will talk again soon! #inflation, #retirement, #investments, #online, #gurus, #onlinegurus, #cashflow, #money, #creation, #moneycreation, #QDTE, #XDTE, #MSTY, #ULTY, #BTCI, #CLM, #QQQI, #SPYI, #TDAQ, #TSPYI'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions. 

Send us Fan MailSeason 3, Episode #48. Not Me, But You! Podcast. To connect with me or follow me at X: Waypa Today. You can also email me at [email protected] I do offer private coaching for up to 3 people. We can set up a FREE initial call to chat for 20 minutes, to see if it makes sense for us to work together. Bitcoin price has gone higher. Recently Bitcoin hit a price of $87,000. Almost ONE year ago, Bitcoin was $126,000! I believe Bitcoin is going to $150,000 or higher. I just don't know WHEN! How is inflation eroding the purchasing power of your money? WHAT causes inflation? How as investors, do we OVERCOME the TRUE rate of inflation with our investments? Roth conversions can be a HUGE help to get a bigger pile of money/assets INTO our ROTH IRA accounts. I strive to have as many DIVIDEND producing assets as possible INSIDE of my Roth IRA accounts. Why? Answer: Because dividends withdrawn from a Roth IRA (as long you meet two conditions) are 100% TAX FREE!!!! You pay ZERO tax!! We also discuss "global arbitrage" in retirement. Groceries and rent (housing) cost less in certain parts of the world! It's cheaper to live, it's easier to live comfortably if you are willing to relocate. #retirement, #arbitrage, #global, #dividend, #dividends, #assets, #Bitcoin, #coaching, #IRA, #RothIRA, #Roth, #inflation, #brokerage, #interest, #rate, #timeI'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions. 

Send us Fan MailSeason 3, Episode #47. Not Me, But You! Podcast. Follow me/connect with me on X at: Waypa Today Email me at: [email protected] I discuss a CLM annual rights offering recap. Also talk about Bitcoin price surge and what the Federal Reserve did at their last meeting and how it might affect investors. We also cover the price of a gallon of gasoline and a gallon of diesel fuel across the USA and how it will affect prices of goods/services. I share my recent discussion with an employee at Charles Schwab. We also cover the Nasdaq 100 and AI potential plays. Some lower risk funds I like: QDTE, XDTE, QQQI and SPYI. I also talk about the Strait of Hormuz and it's affect on GLOBAL goods. We talk about how exciting "starting at zero" can be and how a new beginning is always a great time to get started! Have courage today, to pick one thing, and work on your dreams. We will talk again soon. #Hormuz, #Schwab, #Bitcoin, #BTC, #Nasdaq, #100, #CLM, #rightsoffering, #gasoline, #diesel, #zero, #global, #XDTE, #QDTE, #QQQI, #SPYII'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions. 

Send us Fan MailSeason 3, Episode #46. Not Me, But You! Podcast. CLM annual rights offering. N-2 filing in August 2026. This update is for Cornerstone funds CLM and CRF. These are closed end funds. The fund is going to do an "annual rights offering" sometime in 2026. This event will likely affect share price causing it to drop. I discuss how I am going to benefit from this anticipated drop in price (NAV) and I explain WHAT an "annual rights offering" is. We also discuss a special feature that both CLM and CRF have outside of the annual rights offering that can affect re-investing. This information is time sensitive. But IF I had missed it this year in 2026, I would benefit from knowing about annual rights offerings for future years. Have courage today, to pick one thing, and work on your dreams. We will talk again soon. #CLM, #CRF, #closed, #end, #funds, #retirement, #DRIP, #dripatnav, #Tesla, #SpaceX, #annual, #rights, #offeringI'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions. 

Send us Fan MailSeason 3 Episode #45. Not Me, But You! Podcast. AI = Artificial Intelligence. It can be simple to invest in order to benefit from AI upside in the stock market. I don't attempt to select individual companies that will be "the next big thing" in the AI space and are "set to blow up."  Instead I invest in broader funds that will capture profit. I provide specific examples. In review, interest rates we earn on our money are extremely important. One of my main goals as an investor is to outpace the true rate of inflation. I discuss how I accomplish that. I discuss retirement, pathways toward retirement and financial independence. It's possible to become wealthy, over time simply by pushing buttons on your phone. Complicated math is not needed nor is extreme technical knowledge in order to evaluate investments. As always, investing is a personal choice that no one can make for you. We all need to do our own research (which again doesn't have to be complicated) and then we all need to accept responsibility for the money we choose to invest and the outcomes of those investments. Have courage today, to pick one thing, and work on your dreams. We will talk again soon. #banks, #interest, #rates, #Nasdaq, #AI, #artificial, #intelligence, #retirement, #investing, #stocks, I'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions. 

Send us Fan MailSeason 3, Episode #44. Not Me, But You! Podcast. Not Me, But You! coming soon to YouTube!  Precious mettles like Gold/Silver can be useful in a financial portofolio in my opinion. This is NOT financial advice. Do you own "certificates?" or the actual gold/silver metal? If you own the actual metal in what secure place do you store the metal? Transporting the metal can be cumbersome and problematic. Precious metals like Gold/Silver can be a good hedge against inflation and "money debasement." But HOW you invest and HOW you buy it can make a difference. Do you dollar cost average with freqent purchases? This is the method I would use. Now you are holding the asset (precious metal) and hoping the price goes up so you can sell and lock in some profit. It'a a buy/hold opportunity. Precious metals do NOT pay dividends typicaly. What about Bitcoin? I discuss a side-by-side comparison of precious metals (specifically gold) as compared to Bitcoin for an investor who bought both starting in January 2010. This "investor" does NOT likely exist on planet earth. Why? That is part of what we discuss. There were challenges in 2010 especially with Bitcoin. If you bought gold you would have had to held it through 2024 when the price went up significantly. With Bitcoin, we can look forward to a new all time high price about every 4 years. One primary features of Bitcoin, as an asset, is that it has a FIXED supply. Why invest at all? Answer: because your money is buying less and less EACH year! Our main goal as investors: is to OUTPACE the TRUE rate of inflation. Not the reported inflation numbers. Do you buy groceries, or fuel? Just look at how costs have gone up dramatically since Covid! I utilize the power of consistentcy...rinsing/repeating to work to my advantage over time. Have courage today, to pick one thing, and work on your dreams. We will talk again soon. #Bitcoin, #Gold, #silver, #retirement, #math, #simple, #inflation, #cost of red meat, #redmeat, #water, #covid, #ROI, #death, #taxes, #consistency, #dollarcostaverage, #fixedsupply, #fixed, #supply, #assetsI'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions. 

Send us Fan MailSeason 3, Episode #43. Not Me, But You! Podcast. Coming soon to YouTube! Space X and Tesla update/analysis. We also discuss two EFT's that pay 15% and 120% ROI. We also cover WHY the interest rate that you earn on your money is so important. And we discus inflation/money debasement. The price of beef (red meat) has gone up 8% in last 45 days! Stock market indexes are at or near all time high prices. We discuss what this could mean for us as investors. We also discuss Bitcoin/Tesla/Space X and what price targets I look for so that I know WHEN these assets are "on sale" and it's prime time to buy them. Follow me/message me on X at: Waypa Today. Email me at [email protected] Have courage today, to pick one thing, and work on your dreams. We will talk again soon. #debasement, #money, #retirement, #Tesla, #SpaceX, #MSTR, #interestrate, #MSTY, #ULTY, #QDTE, #Bitcoin, #IRAI'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions. 

Send us Fan MailSeason 3, Episode #42. Not Me, But You! Podcast. We discuss the Dow Jones, S & P 500 and the Nasdaq. We compare/contract growth investments vs. income (dividend) investments.  We discuss investments like Bitcoin, MSTR, MSTY, ULTY and I offer thoughts on those investments. But these are my personal opinions. Not financial advice. We also talk about "price targets." How do you know WHEN an investments is "on sale" and a potentially good time to buy?? I cover my "Litmus Test" that I utilize when evaluating whether I want to invest or not. Knowlege is POTENTIAL power per Tony Robbins! We also cover Tesla and Space X stocks. Far too often, investors play "the Look Back" game, which is a complete waste of time! Have courage today, to pick one thing, and work on your dreams. We will talk again soon! #Litmustest, #pricetargets, #s&P500, #dowjones, #nasdaq, #tonyrobbins, #retirement, #bitcoin, #rothIRA, #stocks, #geographicalarbitrage, #SPYI, #QQQI, #CLM, #MSTR, I'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions.