Latest / The Big Mig Show / Global Finance Forum From Bullion to Borders |EP463

Transcript

Global Finance Forum From Bullion to Borders |EP463 · The Big Mig Show

0:32
None. The.
1:18
Welcome back to the Big MIG Show Global Finance Forum, of course,
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powered by Genesis Gold Group. I'm your host today, Lance
1:26
Miliacho. I will not be joined by Jonathan
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Rose or Jacob Diaz as they are busy.
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As you know, they've got their hands full out there in LA.
1:33
And George Ballantine, he's behind the scenes, but he is
1:37
working on our studio down in West Palm Beach, FL.
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We're building out a new studio and that's going to be for our
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Crypto Power Hour show. We hope to be up and running and
1:47
maybe the next two to three weeks.
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We've got all the equipment. We're just waiting to wrap up
1:52
some of the details and some of the other items that are coming
1:54
in to finish up studio. But he's been slaving way down
1:56
there and of course it didn't feel like he would represent the
1:59
show correctly because he didn't really have time to clean up.
2:02
He's working as the GC down there.
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So it's really he's got his hands full on the job.
2:06
Turned out to be a lot bigger than we thought it was going to
2:08
be. But of course, you know, on this
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show, we're your go to source for cutting edge insights in the
2:13
world of finance. Genesis Goal Group believes in
2:15
empowering faith driven stewardship or gold and silver
2:18
are an integral part of a balanced portfolio.
2:21
And of course, protecting your finances with precious metals
2:23
has never been more crucial. Join us as we explore the forces
2:27
shaping global markets, the power of precious metals, and
2:31
the dynamics that influence economies across borders.
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Listen, George just threw up the QR code.
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I'm going to give a quick shout out for the Genesis gold guys.
2:38
You know what we're going to be talking about the prepper bar.
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If you don't have some of these yet, you should.
2:42
The 62.2g prepper bar perforated, easily broken down.
2:47
I want to say this, what about to say isn't crazy conspiracy
2:50
theory. The digital dollar is coming.
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You've seen the crypto executive orders, the initiate on crypto
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is big in full swing. That's why we're doing the
2:59
crypto Power hour. But that's why we're telling you
3:01
to have some gold and silver on hand.
3:03
You never know what's going to happen to with the digital
3:06
dollar or your U.S. dollar coming and what's going to be
3:09
the effect. So having another way to pay for
3:11
things just in case all of a sudden you don't have access to
3:13
your funds if your accounts are shut down, if government takes
3:16
more control, countries are hacking into our financial
3:19
system right now. As we speak, they're going to
3:22
try to triple the US dollar because that's one of the most
3:24
powerful ways to attack us. And of course, that could make
3:27
your accounts vanish, frozen, wiped out, monitored,
3:30
controlled. The government's more control,
3:33
more surveillance. Prepper bars are your absolute
3:36
escape. These are real, tangible forms
3:38
of wealth. They're available in gold and
3:40
silver. They're mined and minted here in
3:43
the US. The point is, head over to the
3:45
bigmigbar.com. That's the bigmigbar.com.
3:48
No hacker can steal these. Time is ticking.
3:51
You need to act now to secure your prepper bars, either gold
3:55
or silver. Get some for yourself.
3:56
Get some for your family members.
3:58
They make great grifts for birthdays, holidays, you name
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it. Right now I believe they're
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still offering the discount because I don't believe they
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pulled it. But you know, again, it might be
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a time thing. It could happen today.
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Use all caps prepper. That's PREPPER for 10% off on
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the silver and 5% off on the gold, which is an amazing deal.
4:17
You don't really see go to discounts like that and gold and
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silver. So the big bigbar.com head over
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there now. Wow, what a week in the news
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cycle. I'm telling you, it's it's it's
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kind of mind blowing really what's going on.
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And you have to look at it from the perspective of how big
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things have gotten here since the Trump administration stepped
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in. We're only on day five, I think.
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I think it's day 5. Feels like it's day, day one
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year in swing. You know, executive orders are
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the big news in the news cycle. And you really have to take a
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look at the amount and the number of, first of all, to the
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audience, where the hell does Trump get all his energy?
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I need to bottle that stuff. I mean, I'm a pretty high energy
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guy. George is a pretty high energy
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guy without anything, You know, we really don't drink or do
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anything else. But the point is, you know, you
5:04
try to take care of yourself physically.
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Trump is a beast. I mean, this guy is just
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cranking it out and you got to look at the the executive orders
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really was come up here, let's throw up that website.
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I want to show everybody where they can go.
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If you guys don't know, you can go to thewhitehouse.gov and
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slash presidential orders and these are the EOS, the executive
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orders before they're fully published on the other executive
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order site. But by by really looking at this
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website, you can find out really what's going on in the US and
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really maybe what's going on for your own finances.
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Of course, you know, you have to look at the fact that since the
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second term started, he's already put up a bunch of EOEOS
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related to oil, energy, cryptocurrency, digital assets,
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banking and finance. Now, here's a partial list.
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I know there's more than this, but I just want to read off a
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couple of these to you. And you can just see the website
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there. Just so you know where to go
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when it comes. First of all, he put on an
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executive order declaring a national energy emergency.
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Energy independence has been a big deal for Trump always.
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I appreciate that about him. Biden tried to shut us down, I
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believe, as a way of intentionally damaging us, tried
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to claim it was for the new Green New Deal, which I don't
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believe in at all. I don't believe it's all about
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that. We know that wind energy is
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inefficient. Nuclear's got some options.
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You know, hydrogen fuel cell is obviously valuable, but there
6:20
are so many things that people are putting their money into
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that don't think. I mean, look, even EVs, if
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everybody in the United States had an EV, our current
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infrastructure for electrical power grid would not be able to
6:30
maintain. But this order specifically
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declares a national emergency to expedite the development of
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domestic energy resources. Of course, it's aim is to reduce
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reliance on foreign energy, which has always been a goal of
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Trump's important when you think about the the whole thing that
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backs finance, which let's face it, without having energy
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independence, all finances at risk.
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So important. He had another order right away
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backed up unleashing American energy.
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And of course, that order revoked several previous
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executive orders related to climate change and environmental
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regulations that the Biden administration had passed.
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You know, he he's intending to promote the development of
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domestic energy resources, hopefully get the Keystone
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Pipeline XL back online. He's definitely, definitely
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opened up Alaska. He's opened up some of the
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coastal areas again. And he wants to reduce the wind
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energy. George and I were discussing
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this on the show the other day. The wind, the off, the coastal
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wind generators, the ones that are off in the water and the
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underwater generators are really screwing with ocean wildlife.
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I don't know if you saw the whales that beached in New
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Jersey, but I, I think this is great that he's going to change
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this. I don't think that stuff works
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very well and I don't think it's benefiting anybody.
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This last order was aimed at promoting energy development in
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Alaska and directs the review of potential rescissions of certain
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environmental decisions that were made by other
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administrations. No, listen, you know, AI is here
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to stay. Trump wants to be at the tip of
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the spear on it. You know, like we always talk
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about on our shows, to be in the tip of the spear.
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He's talking about strengthening American leadership in digital
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financial technology. Now, I man, is this important.
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You know, don't underestimate probably the, the, the country
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that has made some of the largest when it comes to
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development, and I'm talking about major developments is
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China. And we really don't want China
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to be that far ahead of us on AI.
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So he established this order. It's a task force, of course,
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the review and proposed regulations that those are going
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to protect and promote access to blockchain networks, stable
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coins, related banking services. And it reflects the, you know,
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the administration's intent to foster innovation in the
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cryptocurrency sector, which of course, digital financial
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technology, AI technology, both really relevant to that.
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And it's going to also reduce the regulatory hurdles, which I
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think are really important. I don't know if you guys saw it
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today, big news. He's he signed an executive
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order authorizing Doja. That's, that's a lock now that's
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done. So a department of government
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efficiency. And you can see the need for it,
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right? He's passing executive orders
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right now that are being ignored intentionally.
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There are federal judges right now currently ignoring his
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federal executive orders, acting like they don't exist or arguing
9:13
with him why they shouldn't exist.
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And then the same thing. You've got the BLP he ordered.
9:18
You know, all these J Sixers pardoned and released
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immediately. Well, now they're actually
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taking the J Sixers and moving them to other facilities, trying
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to stop the US Marshals from locating them.
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So the Department of Government efficiency should put a stop to
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that. I said the other day online, a
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lot of people like the post. I said that I thought all of a
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sudden, do we need an executive order to authorize that if
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anybody ignores an executive order, that immediate action is
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taken against that individual, meaning they're suspended,
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fired, maybe brought criminal charges against.
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It seems ridiculous that we mean any more paperwork.
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I'm with many of the other leaders in our nation.
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I think it's time for arrests. So we'll see where that goes.
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Now, listen, when you this next one is kind of a big deal.
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This is the executive order. He's establishing the
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president's working group on digital asset markets.
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Now that order is going to establish a working group, you
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know, led by David Sachs, who's the, you guys know him.
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He's the newly appointed White House AI and Cryptozar.
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And he wants to develop a, you know, comprehensive federal
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regulatory framework for digital assets.
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He doesn't want to restrict them.
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He wants to maximize growth, but he also doesn't want the
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nefarious parts of digital assets like rug pulls.
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He wants to figure a way to stop some of these scammers out there
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that are taking advantage of people in the crypto market.
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I think it's great. And Crypt is going to be tasked
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with exploring the creation of strategic national digital asset
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stockpile, which I believe is going to include at this point,
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their discussion is going to include Bitcoin and XRPI.
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Don't know what other ones there will be, although it's
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interesting. I think if you look at Liberty
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Media, Trump's crypto company, and look at what he's holding in
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their wallet, you should be able to identify a lot of the cryptos
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that are going into the crypto, you know, the strategic reserve.
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So I think that I think the creation of that strategic
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reserve is a big deal. And I think that policy
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recommendations they'll have done within 180 days is what
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they're talking about or sooner. That order is also going to
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prohibit the establishment of AUS central banking currency.
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So they're saying they don't want a digital currency.
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I don't know what that means for the companies that are that are
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talking about that like XRP, Ripple, We'll have to see where
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that heads. But I believe the digital
11:29
currency is coming. But I want to think, I think
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they're trying to control it and make sure it's something that
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they have control of. Because I believe the real part
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of this is they want to get rid of the Federal Reserve Bank.
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And the Federal Reserve Bank clearly doesn't want to be
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gotten rid of the families that own that bank.
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It's not the US government, it's numerous families.
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They clearly have been getting away with murder.
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And I say that, you know, in a very cavalier manner.
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They've been getting ready with murder for a long time, charging
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the US government to print our currency.
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I mean, so they print a dollar, they print $100 bill for six or
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eight cents and they charge the US government $100 and interest
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on it as if as if they are creating something that's backed
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by hard assets like bullion. But it isn't.
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It's a Fiat currency. So we'll see what goes on there.
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Now you have to look at Trump's executive orders and you know,
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excludes the Fed, the FDIC from crypto working groups, which I
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think is is an important signal. As I just said, I don't think
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the Federal Reserve is going to be involved.
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So that order is going to exclude the US central bank from
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future stable coin regulation. He signed an executive order for
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some banking challenges for web three companies and he's trying
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to create a clean, clear regulations for all those
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digital assets. But the working group on digital
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asset markets is tasked with finding ways to promote US
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leadership in the crypto industry.
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You know, look, this is what we want.
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We want the, the, the US to be the global leader in digital and
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you know, crypto currency assets, right, blockchain, web
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3D5, decentralized finance. And right now the Biden
13:02
administration, because of their lack of action and of course,
13:05
leaving a guy like Gary Gensler in place who did a tremendous
13:08
amount of damage in the cryptocurrency market, they've
13:11
allowed Dubai to really make some massive inroads.
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So this is what he's planning on doing is turning that around,
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which I think is great. It's important for us, you know,
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we have to be at the top of the food chain on AI and digital
13:25
assets, cryptocurrency. We have to be, we don't have a
13:27
choice. It's necessary for the safety
13:29
and security in the United States.
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So I think these are great moves, you know, and that and
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that strategic digital asset stockpile is a is an important
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part of it. So if you get a chance to vote
13:39
on it and you can talk to your own congressman, tell them that
13:41
you're gung ho on it, because I think it really matters.
13:43
Now, if you look at this, excluding the US Federal Reserve
13:46
and FDIC from cryptocurrency working groups, I think we've
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got a message from Trump. And, and what is that message?
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I think the Federal Reserve is out.
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In the long term, it may not be an immediate thing because he
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doesn't want to tank the economy any more than the Biden
14:02
administration did or cause more inflation.
14:04
But I think in the long term and the Fed baby, I think it's out
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of here. So we'll, we'll keep our, we'll
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keep our eyes on that for you with our sources inside DC and
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we'll make sure that if that starts to look more serious,
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we'll talk to you about it. But you know, the de banking
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efforts, you have to look at what happened in the
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cryptocurrency and, and the crypto industry, the de banking
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efforts that were done by so many banks.
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And there's a great, there's a great quote I found.
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Caitlin Long was talking and she's the founder and CEO of
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Custodia Bank. She said Trump's crypto
14:37
executive order excludes the Fed and FDIC from the digital asset
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working group. Both tried to kill the industry
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through de banking and especially targeted my company
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Custodia Bank. Both belong on the outside now.
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You know, Bank of America was part of that also.
14:55
And you know how they debanked so many conservatives and we'll
14:57
be talking about it in a little while here, but keep that in
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mind that a lot of banks didn't want cryptocurrency because it
15:03
undermines their control of the current banking system, the
15:07
SWIFT system and the rest of it meant and a challenge to it is
15:10
that the blockchain system is the replacement for the Swiss
15:14
system. I mean, really in the long term,
15:15
that's what's going to happen. So, you know, Biden had multiple
15:19
cryptocurrency firms were denied access to banking services and
15:22
that was done intentionally. And some insiders are describing
15:25
this as an orchestrated effort and they're calling it Operation
15:28
Choke .2 Point O. And intentionally, he made sure
15:32
that cryptocurrency firms got debanked.
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I know a couple of myself. In fact, the company we're doing
15:37
the Crypto Power Hour with, Solom Global, had a DE banking
15:40
effort. They got past it.
15:42
But at the end of the day, why should that happen?
15:44
These are legitimate companies with legitimate assets and
15:48
legitimate development in the future.
15:50
But this whole banking cartel, they kind of need to be put to
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stop. And hopefully this is what
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Trump's doing. Now.
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There's more than 30 technology and crypto founders who are
15:59
secretly debanked over the past four years and that comes from
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Anderson Horowitz who's the Co founder of Mark Anderson of
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course. And that collapse of crypto
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friendly banks in 23 sparked the first allegations of Operation
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Choke .2 Point O. So lots of people have talked
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talked about that. It's out there.
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You just have to remember that this is what's going on in U.S.
16:20
banks. You know, central banks that
16:21
froze out stablecoin policies. You know, for so long, it's
16:25
pretty incredible. the US central bank has been frozen out
16:27
of stablecoin policy marking. I believe this is a means Scott
16:32
Basant as Treasury sector would be firmly in charge of it.
16:35
And I think Scott Basant is going to make the changes that
16:38
we need. And that was a quote by long.
16:39
Again, of course, if you know Basant, he's a billionaire, he's
16:43
an investor, a hedge fund manager.
16:45
He was previously a partner at Soros Fund Management.
16:48
The guy's a real deal. He has a lot of knowledge.
16:51
I don't like the link to Soros, but hopefully that's not
16:55
relevant. Hopefully we we get past the
16:56
scope of that. You know, I'm not a George Soros
16:58
or Alexander Soros fan. I'd like to see an executive
17:01
order on both of them. So let's talk about smoother
17:05
crypto custody for U.S. banks. You know, so if you look on
17:11
January 23rd, the the SEC rescinded which what I call a
17:15
very controversial document called the Staff Accounting
17:18
Bulletin 121 shortened as SAB 121.
17:23
That was a rule that mandated financial firms holding a crypto
17:25
on behalf of customers must record them as liabilities on
17:29
their balance sheets. But now they've rescinded that
17:33
and they and they've kind of given an interpretation that's a
17:35
moderation of that, but they want to see that the smoother
17:38
for U.S. banks to be able to, you know, register these
17:40
custodial digital assets. Now for the first time ever,
17:44
there was a loan issued against secure assets.
17:47
The loan was issued and I don't remember the exact story.
17:50
I wish I'd take grabbed it for you guys, but you can go look it
17:53
up on the Internet. There was money loaned against
17:55
Solana coins that than an individual loan.
17:58
So it's interesting they were used as a secure asset, which
18:01
which is a real change by the banking system.
18:04
So, you know, hopefully this is all going to have a positive
18:06
impact on where we're going with this.
18:08
But you know, these executive orders I think are going to have
18:12
massive waves in the financial markets.
18:16
So if you look at the one they signed on Thursday, that was the
18:18
one that was to promote the advancement of cryptocurrencies
18:21
in the US and to work toward potentially developing a
18:24
national digital asset stockpile.
18:26
So I think Trump, you know, I think you look at David Sacks,
18:30
Trump tapped him as as crypto and AI czar.
18:35
He's joined Trump in the Oval also for the signing of that
18:38
order. But I believe he has contributed
18:39
in a massive way to where this is all heading.
18:43
And I think you have to look at it as how can I, what can I do
18:47
in my own financial world? And I, you know, we never give
18:50
you financial advice on this show.
18:51
We're giving you financial education, but you need to talk
18:54
to your financial advisors and say, how can I participate in
18:57
this crypto revolution? Where are some of the safest
19:00
locations for me maybe to, you know, dip my toe in the water?
19:04
You know, what do I do about that?
19:05
And I think with with the kind of pushes the next three to four
19:08
years in this administration, if you don't, you may very well
19:11
miss generational wealth because right now across the globe, and
19:16
this is a statistic you should hold on to, less than 5% of all
19:19
the people in the entire planet are involved in digital assets
19:23
and crypto. Now, if you think about that
19:25
number, it's extremely small. This is a number that just
19:29
doesn't represent the importance of this.
19:31
I think people need to really get involved.
19:33
And I know it's hard. Look, it's like learning a new
19:35
language. I'm studying it all day now, off
19:37
and on all day. George is doing the same thing
19:40
and it's it's tricky. It is very, very complicated.
19:44
The wallets and you want to know about meme coins and all coins
19:47
and you want to know about, you know, what's a stable coin and
19:50
which coins are the what you consider blue chip?
19:52
Is Bitcoin really a blue chip? Is XRP really a blue chip where
19:56
there's Ethereum set when it comes to short term contracts?
19:59
I mean, this is all difficult, but you got it.
20:02
Get yourself entrenched. YouTube's got some great shows.
20:05
You'll have the crypto Power hour to turn to.
20:07
You can always come to the Digital Finance Forum.
20:10
You know, our show on Fridays here because it's global finance
20:13
forum show, it's a great place to, you know, to get educated.
20:16
You know, we're just touching on the fringe, the crypto power
20:19
out. We're going to go, we're going
20:20
to deep dive on that show. We're going to have the right
20:22
guess, right information, the right education and we've got a
20:26
lot of great potential hosts. We had a great host that's going
20:28
to be coming out of the UK to join us that they're they're
20:31
signing a deal with very soon. So that's exciting.
20:33
So, you know, if you look at what he's talking about for this
20:38
asset class and, and creating this strategic reserve of of
20:43
digital assets, you know, recently the US Marshall service
20:45
has always had the the the authority to auction off, seize
20:49
Bitcoin along with all other crypto currencies at ether, you
20:53
know, as Ethereum, Litecoin, you name it.
20:56
But they were talking about auctioning off the ones that
20:59
come from the Silk Road. And I believe that's been
21:03
stopped dead in its tracks because Trump is talking about
21:05
adding those to the strategic reserve.
21:07
So when you had that dip on Bitcoin because of that, it's a
21:10
pre emptive dip. And you have to watch about the
21:13
emotion of this market. You got a lot of very new
21:15
investors. None of not all of them are
21:18
extremely experienced because of the narrow window of Bitcoin.
21:21
So they tend to act the news like, I think a lot of the stuff
21:23
that Trump did was good news and we saw a dip in all the crypto
21:26
markets. I can't imagine why what he said
21:28
would cause a sell off. Part of it had to do supposedly
21:31
with his comments about digital asset, a stable coin running in
21:35
for a digital US coin. But I don't know, you know, I
21:39
think I think those guys overreacted and it already turns
21:42
out because it's coming back up right now.
21:44
So maybe a lot of other people think the same thing.
21:47
So he, you know, he said that he would keep 100% of all the
21:50
Bitcoin in the US government currently holds or acquires in
21:53
the future. So that has to do with seizures.
21:55
So I don't think those sales are going to occur.
21:56
So good news for the Bitcoin holders.
21:59
We'll see what happens. Of course, you know, the the
22:02
founder of Silk Road was just released on another executive
22:07
order. He was given clemency so that,
22:10
you know, a presidential pardon. So I think he's that's really
22:14
going to be a big deal here because I'm wondering if he has
22:17
wallets that were inactive of coins the US government did not
22:20
seize and what that means. Are those coins going to be back
22:23
in play? So we'll see what happens.
22:25
Of course, that crypto task force is going to be extremely
22:29
important on all this. And you know, when you look at
22:33
Basant, he's a pro crypto hedge fund manager.
22:36
And I think the way he's leading is exactly where we need to head
22:40
with this. So this is all going to be
22:42
crucial. So you're looking at what?
22:44
So right now, because of Trump, Wall Street a bunch of CE OS
22:52
more than Michael Saylor. You know, he's already jumped
22:54
in. There's a lot of companies that
22:55
already own Bitcoin strategic, a dollar, you know, amounts in
22:59
their investment portfolios for different institutional
23:02
investors and companies. But it looks like Wall Street's
23:05
getting ready to double up. A bunch of top CE OS told CNBC
23:09
from Davos, Switzerland this week that they're ready to go
23:11
bigger into crypto if the Trump admin rolls out favorable
23:15
policies. One of those policies has got to
23:17
do with domestic crypto currencies.
23:21
And what we're hearing is that he's going to make those tax no
23:24
capital gains. Can you imagine the impact of
23:28
any cryptocurrency in the US gets no cap?
23:32
Yeah, man, that's a big one. I mean, and you have to look at
23:36
it. I agree.
23:38
I mean, it's it's a big one. So while they're waiting and you
23:40
know, and they're looking at those sweeping promises from
23:42
Trump and those digital assets sector.
23:45
And he's he's obviously nominated and put a lot of
23:47
people into his administration that are pro crypto.
23:50
The crypto communities have been putting big money into the
23:53
congressional and Senate campaigns.
23:56
They're doubling down. You know, Brad Garlin, House has
23:58
put a bunch of money out, as have a bunch of others, Binance,
24:01
Coinbase. So they're really trying to get
24:04
a wide swathe. And I think that's going to be
24:06
an impact. I think the old guard of DC, you
24:09
know, the Nancy Pelosi's and some of these older long term,
24:15
you know, political, you know, some people call them political
24:20
royalty. I call them political scum.
24:22
You know, they're out I think because they don't really
24:24
understand the crypto market. I don't think they're set for
24:26
that market. And I think like we're going to
24:28
see it in the vote, in the voting booth here over the next
24:31
couple of election cycles for congressional members.
24:35
I think we're going to continue. I think the Republicans will
24:37
continue to control the House and the Senate because of their
24:40
crypto, of their sweeping promises.
24:42
So as long as they fulfill those promises, I think we're going to
24:44
be set. So look, what's the regulation
24:48
going to look like for the future?
24:50
I know everybody out there is going well.
24:51
What does this mean, Lance? What's the regular?
24:53
I don't know. I don't know how strict they're
24:55
going to be. I personally believe because of
24:57
liberty, you know, media and their financial investment, the
25:01
world media, I think it's going to be pretty light.
25:04
I think they're going to try to keep the regulation at a
25:06
minimum. That's my take.
25:08
You know that Trump made some really bold statements to the
25:11
Davos crowd basically telling them that their reign of
25:14
controlling people is over with. He's going to put an end to it
25:17
here in the United States. I believe that's going to
25:19
include the Federal Reserve. You know, I think it's, I think
25:23
the new administration is going to be all about protecting and
25:26
promoting. I think they want to, you know,
25:29
make sure that the US is a safe haven for crypto, maybe even a,
25:33
you know, a tax free haven for crypto.
25:36
Maybe it'll go beyond the scope of US coins.
25:39
You know, if you look at the SEC under Gensler, they made a bunch
25:43
of really bad decisions. They brought more than 200
25:47
cryptocurrency related enforcement actions.
25:50
And that's not good for the industry.
25:52
They started doing it in 2013, acting as if crypto was a stock
25:56
and it's not a stock. So I think that Trump's going to
26:00
go to the opposite of that. I don't think he's going to, you
26:02
know, let people get away with things that are that are taking
26:04
advantage of people. I think rug pulls are definitely
26:07
going to have more scrutiny. I think if any of these
26:09
celebrity coins or meme coins where they think they're going
26:11
to go in and scam people, I think that's going to go away.
26:14
And I think those people are going to pay the consequences
26:16
for it. They won't get to keep the money
26:17
even if they do rug pull. So I think that's going to be an
26:20
interesting an interesting thing.
26:22
I've heard some stories about it.
26:24
So you know, that'll be big. So right now and the banking
26:27
industry right now is talking about crypto is just a just
26:29
being another form of payment. We've seen some integration on
26:32
some platforms like Apple and others, Bank of America.
26:36
I'm not a pro of it. But the CEO, you know, Brian
26:38
Moynihan echoed he's a willingness to embrace crypto
26:41
specifically as a payment option as long as the regulatory
26:45
environment shifts under the new administration.
26:48
You know, if the rules come in and make it a real thing that
26:50
you can actually do business with, you'll find the banking
26:53
system will come in hard on the transactional side of it.
26:56
That's a direct quote from Moynihan.
26:58
So that's a big change. You didn't hear that before.
27:02
You know, Moynihan's running the second biggest bank by assets in
27:05
the US. So this is just going to be, you
27:08
know, and he and he's talking about it's just another form of
27:10
payment like Visa, MasterCard, Apple Pay.
27:13
So these are, these are big moves here.
27:16
And I think when you get a, if you get a positive banking
27:20
industry level of support, all that's going to do is grow it.
27:23
You guys know that these ETFs out there are just blowing up.
27:27
They had a huge impact on Bitcoin.
27:29
That's what take you. I think Bitcoin today is 100 and
27:31
four 105,000, which hit an all time high this week.
27:35
Also. I think it went to 109 at one
27:36
point and changed. It almost broke that level of
27:39
resistance at 1:10, but it just couldn't quite get there, you
27:42
know. And you know, that was on
27:46
Monday, of course, and that was ahead of Trump's inauguration,
27:49
which led to a lot of gains in the crypto market.
27:52
And let me tell you, the cabinet picks are getting pushed
27:54
through. He is getting the people he
27:56
wants. Of course, there's some
27:57
resistance from the old, the old guard hardliners that don't like
28:01
Trump. They're trying to cause as much
28:02
problem as possible. Let's let's maybe do this.
28:06
You know, I know we've got to take a short break.
28:08
But when we come back, what I want to do is I want to really
28:11
teach you guys about strategic reserves and what they are.
28:14
Let's talk about what is a strategic reserve when the big,
28:18
big Global Finance Forum returns and we'll we'll definitely cover
28:23
this and we'll try to give you so you have more information so
28:26
you understand what the impact that might be.
28:28
Stay tuned. The big, big show Global Finance
28:30
Forum. We'll be right back.
28:32
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Let's talk about, you know, the beginning of this year had so
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track now that Trump's back in. But is red hot inflation going
32:00
to continue? The Fed has really printed
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trillions of dollars in just a few short years, and I believe
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it's $8.2 trillion if you want the exact number if taxes are
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going up. Still, the government is busily
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falling half its budget in the military industrial complex.
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Yeah, of course. Hopefully, we hope that the
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that Georgia Lance sent you. All right, let's dig in here.
35:07
Listen, a lot of people have been running around trying to
35:09
kiss the ring, right? We've seen Zuckerberg, we've
35:11
seen many others. Bank of America did not treat a
35:15
lot of conservatives very well. You guys know it.
35:17
They cut him off. General Michael Flynn, a close
35:19
friend of ours, one of those guys that lost a, a 20 or 30
35:23
year banking relationship with them where he had a super high
35:27
credit score. He had always paid all his bills
35:29
on time. He had gotten mortgages and car
35:31
loans and done a tremendous amount of business.
35:32
And they just oop, no warning, no anything.
35:35
Sorry, you're out of here with no appreciation.
35:37
Now, the Bank of America is denying that.
35:39
But Trump took a shot at Bank of America.
35:42
I hope we're going to see more of this.
35:44
I think these, these CE OS and these companies that did the
35:47
wrong thing have to pay the consequences.
35:50
Now, this is on Thursday. He accused the CE OS of Bank of
35:52
America and JP Morgan Chase, which is absolutely fact.
35:56
This is not hearsay. This is not a conspiracy theory.
35:59
They refused to serve conservatives.
36:01
Now both banks are denying those accusations.
36:04
And I'm here to tell you not true.
36:07
They absolutely. I know people first hand who
36:09
lost their accounts there. So Trump and others in his
36:12
orbits have repeated this in recent months.
36:15
The accusations have roots and allegations from state attorneys
36:18
and its state attorney generals. It's a fact and both banks deny
36:23
it, but they but there's proof. You know, if you don't believe
36:25
me, go look at General Michael Flynn's posting over on X and
36:29
he's talking about it on there. The fact that it's true and he
36:31
was one of the ones that face the consequences for standing up
36:34
for his country, standing up for Donald Trump and trying to do
36:36
the right thing. So, you know, I hope that people
36:40
recognize as they pull their business, of course, you know,
36:43
the both of these companies speaking via video, This is
36:46
Trump. He said he was speaking via
36:47
video to the assembly at the World Economic Forum in Davos.
36:51
He lashed out at Bank of America CEO Brian Moynihan and the JP
36:54
Morgan Chase CEO Jamie Demone as part of AQ and a session.
36:58
He said, and this is a quote, I got a couple of them here, I
37:01
hope you start opening your bank to conservatives because many
37:04
conservatives complain that the banks are not allowing them to
37:07
do business within the bank. And that included a place called
37:10
Bank of America. Next, you and Jamie and
37:14
everybody, I hope you're going to open your banks to
37:16
conservatives because what you're doing is wrong now.
37:20
Moynihan was among a few of the executive select that asked the
37:23
president questions during the QA did not immediately respond
37:26
to the accusation. Both the banks deny it.
37:28
Basically, they said we serve more than 70 million clients, We
37:31
welcome conservatives and no political litmus test.
37:35
A Bank of America official stated.
37:36
Not true. Bank of America, stop lying.
37:39
We know the truth. So we'll see what happens here.
37:43
You know, maybe, maybe there'll be more consequences, maybe some
37:45
sanctions for the bank or maybe some fines.
37:47
I'd like to see something because I think, you know, if
37:50
you, you know, you reap what you sow in my opinion.
37:53
And I think they need some. They need some, maybe some
37:56
repercussions for their behavior.
37:59
All right, look, Gold George isn't here, but I know he wants
38:03
one of those gold prepper bars. I'm going to say to Jonathan
38:05
Rose, George is still waiting for his gold prepper bar.
38:10
Gold a piece of that prepper bar.
38:13
There it is to Jingle from behind the scenes of the Global
38:17
Finance Forum. So that lets you know that
38:18
charge is the one still pulling the strings behind the scenes
38:21
because that's what he does best.
38:22
He knows how to how to work it. All right, look, question is, is
38:27
gold a final stretch to fresh all time highs?
38:32
Of course that's coming ahead of the of the S&P Global PMI
38:36
release. So gold 3% gains up for grabs
38:41
this week. We saw some gains already
38:44
markets on our edge over the upcoming S&P Global PMI release.
38:48
Of course, global gold is near an all time high at 2790 and
38:53
it's set to close off the week with a firm gain.
38:55
It appears we've seen a lot of consolidation and which and I
39:00
believe the resistance levels of $3000 are weakening.
39:03
There's the chart, you know, gold and silver kind of run
39:06
parallel. So what's good for gold is good
39:08
for silver. So, you know, the beginning of
39:11
the week it traded at 2071. Of course, that was at the time
39:14
of this. With this, with this information
39:16
I researched and you know, I think with the accumulation, we
39:21
saw India buying gold. This week we saw China buying
39:23
gold, but Trump had a phone call with China's President Xi
39:27
Jinping. I don't know what it was all
39:28
about yet, but I'm sure we're going to.
39:30
We're going to know soon. Probably tell them enough's
39:32
enough. We're going to.
39:33
We're going to start slamming you with some tariffs if you
39:35
don't stop the fentanyl. I imagine that's part of it.
39:39
But look, the economic data the US is going to receive, those
39:41
global purchasing management index will know whether or not
39:45
purchasing is up. The University of Michigan will
39:47
close off the day with its consumer sentiment index for
39:50
January. That's another big thing.
39:52
So, you know, the Daily Digest, these market movers, you know,
39:56
this phone call with the Prime Minister, Xi Jinping, he doesn't
40:00
want to impose tariffs in China, but he wants some solutions for
40:03
some of the problems. He doesn't think it's
40:05
constructive, but he's going to do it if he doesn't get answers
40:07
to some of his. He talked about the Federal
40:09
Reserve and the US rates. He's affirmed they, he's going
40:13
to demand an immediate drop in US rates to lower borrowing
40:16
costs. I've also heard rumblings.
40:19
OK, I heard, heard Little bird. Little birdie told me that he is
40:24
going to put some maximum limits on bank credit card interest
40:28
rates. Now I'm going to tell you the
40:30
number. I heard there is no executive
40:32
order yet. Let me emphasize, I don't want
40:33
you guys getting all excited. Somebody out there has a hard
40:36
tech. Oh my God, it's going to be
40:37
amazing. Listen, we're talking about 10%
40:39
Max on credit card rates, 10% Max.
40:45
That would be retroactive. Imagine the impact that would
40:48
have on credit card payments. I mean, listen, 10% interest is
40:51
plenty. Even 15% is plenty.
40:53
They're charging 29.99 plus penalties and this and that, and
40:58
they're trying to push it past 30% interest you guys have seen
41:00
in your credit cards. That's why there's such a high
41:02
level default. People can't keep up with it.
41:04
I don't think these credit card companies need 30% interest.
41:07
What they need is Doja to make them more efficient.
41:10
So he's going to order that immediate drop on interest
41:14
rates, but which that interest rate decision could be published
41:18
next week with the pressure he's putting on them.
41:20
US yields are are off, you know, their weekly lows. the US 10
41:24
year benchmark rate currently trading at 4.625, recovering
41:28
from its poor performance early this week at 4.528.
41:32
It's still a long way to go before it reaches the more than
41:34
one year high. You know, that was 4.88, which
41:37
was last week. But, you know, the technical
41:40
analysis on gold looks good thanks to, of course, Donald
41:43
Trump's statement from his phone call with the president, Ping Xi
41:46
Jinping. You know, he doesn't want to
41:49
impose those tariffs. Looks like Trump is going to
41:51
backtrack on earlier comments made during the campaign.
41:53
But that's only if he gets what he wants from China, which he he
41:56
wants no more precursors. But is that going to solve
41:59
worrying about the fentanyl crisis?
42:01
I don't know a lot of talk about how they're producing the
42:03
precursors now in Mexico. But of course, he's also put the
42:09
Mexican cartels on the international terrorist list and
42:11
on the domestic terrorist list, which allows him to take
42:14
military action. And I don't think the terror, I
42:16
don't think those cartel members are ready for Tier 1 operators.
42:20
I don't think they've dealt with Tier 1 operators before.
42:23
But if we start using special forces, they're in for a whole
42:25
new ball game now. So look, you know, we've seen
42:29
resistance. It's back to it's back on its
42:32
way. I think that 2077 ninety is
42:34
going to be, you know, gone past a lot of and and analysts and a
42:38
lot of strategies of pencil and calls for 3000.
42:41
But twenty 2800 is looking really good right now.
42:44
I got to tell you, I think it's I think it's going to happen.
42:45
I think we can count on it. And here's the prediction for
42:49
2025. This is from multiple analysts.
42:52
This isn't just one analyst. They think gold is going to hit
42:55
3175 S. Is it a good time to jump in for
42:59
your IRAI don't know. You got to talk to your
43:01
financial advisors, but I think diversification as you get older
43:05
in precious metals, it's a good way to to diversify and control
43:10
risk. So I think everybody should own
43:12
some precious metals. I do, George does.
43:14
I think it's important. So we'll have to see where this
43:18
goes. There's no, there's no definite,
43:20
but 3175 during 2025 is the prediction by lots of analysts.
43:26
So all right, look, let's switch it up.
43:28
Let's talk about silver. You know, I'm, I'm a big fan of
43:31
silver. I may be a bigger fan of silver
43:32
than gold, not because I don't believe in both of them, but but
43:35
I, but I think the potential upfront side for silver is even
43:37
close. Now, you know the forecast right
43:41
now, the bulls are eyeing $3030.98 an ounce as a breakout
43:46
because there's a lot of momentum building.
43:48
Silver trades is trading above $3.40.
43:51
It's surpassed all those key moving averages and it's
43:53
targeting that, that higher level.
43:56
You can bring us back to the main screen, George, Key
43:58
Technical Support levels. We've already seen those, the
44:00
200 day moving average, $30.53. That's why it's a pivotal
44:05
breakout zone that's really been there.
44:07
The dollar weakness and, and obviously the Fed, Fed
44:10
expectations, Dr. Silver's bullish outlook increasing and
44:13
the increasing global buying interest for technical military
44:17
applications. And you know, gold and silver,
44:20
they're like, they're like peanut butter and Jelly.
44:22
They just, you know, when gold's going well, silver's going well.
44:25
One of these times, silver's going to break out past that, I
44:29
believe at least that's an opinion I have.
44:31
So this bullish trend, I think it's going to continue to show.
44:35
And I, you know, like I said, gold's always rallies, always a
44:38
bellwether for silver prices. So the next critical resistance
44:42
level, here's the important one, is it is going to be at the high
44:45
of $30.98. I looked at the charts that's
44:48
we're going to start to getting past that into the 31 range.
44:52
But I got to tell you, if it hits, if it gets past that
44:55
$30.98, I could see anywhere from $31.81 to maybe 32, 333242
45:05
easily because we just have to get past that resistance level.
45:07
But the accumulation, we're getting a lot of consolidation.
45:10
So I think that's really doable. Let's take a look at that chart
45:13
for silver just to show what we've been looking at and where
45:16
we're getting those resistance levels from.
45:18
You can see the Candlestick patterns that are forming here
45:20
on this high level on the end of the chart.
45:22
So I think it really holds, holds well for where we're
45:26
heading. And you can see the upward
45:27
trend. That's what we always like to
45:29
see with assets. You want to see it in crypto,
45:30
you want to see it in the stock market.
45:32
You're always going to see, you know, hills and valleys, but
45:33
what you want to see is a general non-stop upward trend.
45:37
Samsung technology, we've talked about it, EV batteries that's
45:41
coming online. They're going into production
45:43
very soon, which could be a huge demand for silver because you're
45:46
going to require 1K of silver per EV vehicle to use those
45:51
Samsung batteries. Those are big numbers, you know,
45:54
so we'll see how this goes. I, I guess this, how does the
45:57
dollar weakness impact silver? Let me give you this U.S. dollar
46:01
slide. It's going to, of course, create
46:02
tailwinds for silver. It's going to push it up.
46:04
Weaker dollar always makes silver more affordable for
46:06
international buyers. So that's driving additional
46:09
demand because those accumulations, especially by
46:11
governments. So the pressure on that
46:13
greenback stems from, of course, that dovish Federal Reserve
46:17
expectations and soft comments on tariffs from President Trump.
46:20
But the dollar weakness, when you combine that with the
46:22
declining Treasury yields, it's likely to sustain that momentum
46:26
for silver, at least in the short term.
46:27
I don't know what's going to happen long term.
46:29
Maybe the Federal Reserve is going to start getting
46:31
aggressive under Trump. Maybe the threat of not having a
46:33
Federal Reserve, meaning a Federal Reserve Bank.
46:36
Maybe they'll step up and try to figure out what they can do to
46:38
fix that relationship. Right now, I don't think it
46:41
bodes well for them. So we talked about a few minutes
46:45
ago, let's switch it up here. So there's your bullion report.
46:49
We talked about MasterCard and Visa payment solutions, but I
46:54
got to tell you, there's a product out there that I'm not a
46:56
big fan of. And funny, I'm not trying to be
46:59
funny when I say that only fans, I don't think what they're doing
47:03
is good. But how this relates to the
47:04
financial part of our show here is that a whistle blower has
47:08
come out. Now, this is pretty ugly for
47:11
Visa and MasterCard, and this really could have some impact
47:14
under this administration. Biden probably wouldn't have
47:16
cared. I think Trump will care.
47:18
So this whistleblower just came out and said that MasterCard and
47:20
Visa have failed to stop payments for child sex abuse
47:25
content on Only Fans. Number one, what is child sex
47:29
abuse content doing on Only Fans and #2 what the hell are Visa
47:33
and MasterCard thinking there? So they failed to stop these
47:36
payment networks from laundering proceeds from child sexual abuse
47:40
material and sex trafficking on the Only Fans website.
47:44
This is what the Whistler was saying, you know, and this is a
47:46
senior compliance expert in the credit card and banking
47:49
industries said that the two you know, these are giant card
47:51
companies. These are the biggest ones,
47:53
right? The bigger than American
47:54
Express, bigger than all of them.
47:56
They knew their networks were being used to pay for illegal
47:58
content on that on that porn site at least since 2021.
48:03
And they turned a blind eye to these illicit revenues.
48:08
I don't know what this what this is going to mean, what the
48:10
investigation, but the of course, this complaint was filed
48:13
in January 2023, which just come in to be public knowledge and
48:17
that was with the Treasury's Financial Crimes Enforcement
48:19
Network and the US Justice and Homeland Security Department.
48:22
The whistleblower said the complaints that the
48:24
whistleblower and other anti trafficking experts, including
48:27
the US federal agents alerted Visa and MasterCard to the
48:29
unlawful content in a series of calls in 20 and 21 and and the
48:35
and the federal agents proved and cooperated the presence of
48:37
that child sex abuse material on only fans.
48:41
But yet nothing happened. They didn't stop.
48:45
Now you tell me why Visa and MasterCard think they're above
48:48
the law. I hope there's consequences for
48:50
this because we don't support that at all here on the big Ming
48:52
show. I think this is this is a big
48:55
story we're going to have to keep an eye on.
48:56
But that whistle blower saying the agencies never didn't really
49:00
get into as much detail as they should have and they should have
49:03
told them flat out, if you don't stop, we're going to turn on
49:06
we're going to turn the switch off now.
49:08
That's what Visa and MasterCard should have done, but they
49:12
didn't. They ignored it.
49:14
Now when I think when illegal activity is identified and you
49:17
don't report it and you don't stop it, you become a Co
49:21
conspirator. So the question would be legally
49:23
are Visa and MasterCard now Co conspirators child trafficking
49:28
and you know, child, you know, abuse content on only fans, have
49:33
they become part of it? And in fact, this only fans a Co
49:35
conspirator because they're allowing this kind of content to
49:38
continue to exist on their platform.
49:41
I think these are important questions.
49:43
You can't ignore this kind of stuff.
49:45
And you have to think to yourself, why are they doing it?
49:49
Sure, they're doing it to make money, but they have to know
49:51
that allowing that sort of content could could mean that
49:55
only vans could get shut down. Me personally, I would shut down
49:58
only vans. I don't think it represents a
50:00
product that should match the morality of a country that
50:06
believes that God, country, family are the top priorities.
50:10
So we'll wait and see what happened because these aren't
50:12
just in comfortable images. These are, this is serious stuff
50:14
here. So it's a big story.
50:17
I can't guarantee you that there aren't going to be results.
50:20
But let's face it, this is what Visa, MasterCard.
50:23
Both MasterCard and Visa, they've tightened their rules
50:25
around porn sites in recent years.
50:27
In October 2021, MasterCard introduced stricter rules aimed
50:32
at preventing illegal adult content on their network.
50:36
They were prompted by the ease with which people could now
50:38
upload content to the Internet, and of course this is their
50:41
statement. But under those rules, merchants
50:44
of adult content on this case only fans were required to
50:46
verify the identity and age of people featured and obtain
50:49
written consent from everyone depicted.
50:51
The rules also require that porn sites to produce month monthly
50:55
reports that flag potentially illegal content and send those
50:58
to banks that process MasterCard payments.
51:02
Now that interview in August that was with the with the
51:05
Financial Times. Onlyfans founder and then CEO
51:07
Tim Stokely said his platform was already fully compliant with
51:10
MasterCard requirements. Appears that's not true.
51:14
In 23 Visa also introduced stricter rules for it's high
51:18
integrity risk merchants. This included adult related
51:21
businesses. But but did they really?
51:25
How could they be notified by our own government and not seem
51:29
to take action? And I think that's the tricky
51:31
part about this. You know, again, I think that
51:35
that site has really promoted, you know, a level of depravity
51:39
here in the United States that I don't know if anybody's
51:42
comfortable with. I don't know if anybody really
51:43
wants that to exist. Sure, the only fans content
51:46
providers do They're, you know, they're making millions and
51:48
millions and millions of dollars.
51:49
But is it good for the country? Is it good for the birth rates
51:53
that people are spending so much time looking at porn rather than
51:56
dating and going out and, and, you know, getting into personal
51:59
relationships with people? I think that's a tricky
52:02
question. I don't know if I even have the
52:04
answers, but it's, it's, it's an interesting deal.
52:09
Now, I've got to tell you, there's a lot of news in this
52:11
cycle here. And what I'm interested about is
52:15
what, what do you think's next? You know, a lot of times we
52:18
don't get the feedback. I'd like to have more feedback
52:19
from the audience in our DMS or in our chat because I think
52:25
there's important questions, you know, and I don't always get a
52:27
chance to look at chat because when I'm doing the show, it's
52:29
always, it's always a little tricky, right?
52:31
But we'd love to know what kind of fit product you'd like to see
52:34
on the show. You know, what, what are the
52:35
other big stories or what kind of stuff that you guys want more
52:39
educationally? Do we want to craft the show in
52:40
a way that's valuable to you? So right now, I just want to
52:45
point out the S&P is inching higher to new record high heads
52:50
heading for the second big league game, big weekly gain,
52:53
all because of the new Trump administration.
52:56
I, I don't know what that's going to mean for, for where
52:58
we're heading here, but I think it's important.
53:02
And I think right now, even in another piece of international
53:05
news, I don't know if you guys know this, Putin is getting
53:07
ready. He wants to meet with Trump as
53:10
soon as possible to discuss Ukraine, you know, and what the
53:15
how to stop that war and also energy prices.
53:18
So he's got concerns about it. And I think it's important when
53:21
when, you know, Putin and Trump have always maintained a a
53:25
respectful and professional relationship.
53:28
So I think this is going to be an important meeting.
53:30
When is it going to happen? I guess they're pushing for next
53:32
week, which could mean the Ukraine war could be over very
53:36
quickly. Now we know that, you know,
53:37
Trump is not a fan of Zelensky, the installed puppet, but we'll
53:41
have to see. Here's another important
53:43
milestone. Some people are saying that that
53:45
Bitcoin is not going to stop. You know, a lot of people think
53:50
it has the possibility of to reach $1,000,000 of Bitcoin by
53:53
the end of the year. Is that true?
53:55
I don't know. We'll have to see what happens.
53:58
We'll have to decide whether or not the markets can make sense
54:02
of $1,000,000 Bitcoin. I'd love to hear everybody's
54:05
input on that one. e-mail us. You can always e-mail us or DM
54:08
us on the show. It's always important.
54:10
So, but you know, there's a lot of stories coming up.
54:13
Tesla, you know, they just came out with their new Model Y in
54:16
the US. It's about 60 grand.
54:18
I understand. It's pretty amazing.
54:19
Again, I'm not buying into the EV thing myself.
54:22
Not a big fan of it. I'm also concerned about what
54:24
they're saying about EV batteries causing colon,
54:27
prostate and anal cancer. There's been a higher incident
54:31
rate for people that own EVs. Is it the batteries you're
54:33
sitting on top of? I don't know, maybe pretty
54:37
interesting, but I think one of the big, big topics right now
54:40
that's going to affect a lot of companies in a positive way.
54:42
It sounds like DEI is finally going to get stopped dead in its
54:45
tracks. We know it's getting stopped
54:48
dead in attractive levels in our government, but a lot of the CE
54:52
OS are talking about DEI not moving forward and they're
54:55
talking about it at Davos. They're saying that they're
54:57
going to just, they're going to drop it now.
54:59
Are the banks going to continue to try to hold them hostage?
55:02
Because that's what happened, The financial institution said
55:04
you have to have this much DEI initiative within your company
55:08
for us to continue to lend to you.
55:10
Are they going to pull back also?
55:13
So I think it's I think it's I think it's pretty good.
55:15
I think it's big news. That SEC story about the SEC
55:18
revoking that unpopular banking rule.
55:20
That's big news. So any of this stuff take our
55:22
short form or our long form content.
55:24
You can take any of it and you can definitely use it on your
55:27
own social media or otherwise, because we want you to educate
55:30
everybody because of course educate the country means to
55:32
unify the country. So important stories like this
55:35
you want to stay on top of. And I want to say this, if you
55:38
want to learn about crypto, buy some books, head over to
55:42
YouTube, read those books cover to cover, get involved Tons and
55:46
tons of crypto communities on X tons and tons of crypto
55:49
communities over on Telegram. You can find a lot of that stuff
55:53
on there. And I think it's a great way to
55:54
do that. It's a great way for you to, you
55:57
know, lift your game because I know you listen, anybody can be
56:00
stubborn. I'm not going to do that.
56:02
I don't want to hear about that. I don't want to talk politics.
56:04
I don't want to talk crypto. You know, you can bury your head
56:06
in the sand and miss incredible opportunities or you can educate
56:11
yourself because education is the number one strength for
56:13
people. That's how you become, you know,
56:16
so relevant. And I think it's now, listen, I
56:21
don't know what's going to happen with the fires.
56:22
You know, Trump is talking about visiting all the locations.
56:25
I think. I don't know if he was in North
56:27
Carolina today or California. I know he's planning on going to
56:29
both. And he's talking about ending
56:32
FEMA and I don't know what that's about.
56:35
There's a discussion about ending FEMA and maybe having a
56:38
different institution because he's this visit to California.
56:43
He's got a theory on what FEMA has and hasn't been doing.
56:46
So maybe Doge is going to remove FEMA.
56:49
I don't know what the impact will be for people in disaster
56:51
areas. Maybe they'll have another
56:52
solution, but maybe a more expeditious solution.
56:57
Because we know, you know, Newsome's out there talking
56:59
about people in California having all their property paid
57:01
for. But in fact, we haven't helped
57:04
the people in Maui. We haven't helped the people in
57:05
North Carolina. We haven't helped the people in
57:07
Ohio or in Florida with anything more than a $750 loan.
57:13
Doesn't seem fair to help the help the millionaires in
57:16
California, but we're not going to help the rest of the people
57:18
here in the United States. So maybe that's part of what
57:21
he's talking about. All right, listen, the Global
57:23
Finance Forum is just about out of time.
57:26
So I just want to say a couple of things.
57:27
The Crypto Power hour, if you want to find out more about
57:30
that, head over and follow G Ballantine on X.
57:34
Follow the big big show on X Follow Lance Miliacho on X.
57:38
You'll hear more about and don't forget our partner Solem dot
57:41
global, but it's Solem Global on X.
57:43
It's a verified organization. We're part of that verified
57:46
organization. You definitely want to check
57:47
them out. And of course, take the short
57:50
form. Take the long form.
57:51
Tell your friends about our show.
57:52
We're going to be growing crypto power out or right around the
57:54
corner. Of course, the regular big big
57:56
show on tonight should be exciting.
57:58
You're going to want to check it out.
57:59
We'll be doing a lot of stuff, a lot of news roundup and I'll be
58:03
joined by George Ballantine tonight.
58:05
So we're out of here for today. From bullion to borders, we
58:08
appreciate you tuning in. God, country, family, and crypto
58:11
we trust and crypto we trust. As an American who keeps up with
58:20
the real news, you know by now the severity of the economic
58:24
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