Latest / Simply Bitcoin / Every Major Bank Just Pivoted to Bitcoin… They Know What’s Coming! | Simply Originals
Transcript
- 0:00For the first time in recorded history, every major economic
- 0:05power, America, China, Europe, Japan, they're all hitting the
- 0:09absolute peak of the debt super cycle at the exact same moment.
- 0:15A reset is coming. Treasury Secretary Scott Besant
- 0:19told us it was coming before the election.
- 0:22And when it hits, it won't be region, it will be global,
- 0:26systemic and sudden. Think about it, in just the past
- 0:30two weeks, JP Morgan, BlackRock, Vanguard, Charles Schwab,
- 0:34they've all changed their stance on Bitcoin.
- 0:37They know what's coming, they're building and they're preparing.
- 0:40So what is happening and what system is quietly being built
- 0:45right now to replace the one that's dying?
- 0:48We'll strap in because we are in a geopolitical economic war and
- 0:53Bitcoin is right in the middle of all of it.
- 0:56We have a massive show today. Every debt system ends in one of
- 1:07three ways. They inflate the money so they
- 1:11can pay off the debt and that's just an absolute wipeout.
- 1:14Weimar Republic did it, France did it, Rome did it.
- 1:17Just a wipeout. Then there's a hard default and
- 1:21political upheaval. Russia did that in 1917.
- 1:25Argentina did it over and over again.
- 1:28War leading to a new monetary order.
- 1:31That's another one the the the Napoleonic Wars, the British
- 1:39gold standard, World War 2, Bretton Woods, all of that.
- 1:43But there is always a reset, always a new order that is born
- 1:47from the ashes of the old. And here's what makes this
- 1:50moment unprecedented. Rome collapsed by itself.
- 1:54France collapsed alone. Weimar collapsed by itself.
- 1:58Britain declined while America rose.
- 2:02It was always one country coming down and another country coming
- 2:05up. This time all countries, all
- 2:08countries on both sides. The free world and the not so
- 2:12free world. There's no one rising.
- 2:15China is drowning in its local government debt.
- 2:19It's never going to say this, but it is a paper.
- 2:21It's a paper tiger. Europe is fractured and coming
- 2:26apart of the seams. Japan demographic time bomb.
- 2:30America is politically frozen and insolvent fiscally.
- 2:34So for the very first time in world history, in every major
- 2:39civil civilization has reached its peak of the debt cycle.
- 2:44This time, all at the same moment, no one's coming up.
- 2:49So what does that mean? Well, for the very first time in
- 2:53human history, it means when it arrives, it's not going to be
- 2:56regional, it will be global. It's not going to be slow.
- 3:00It'll be systemic. It'll be everywhere now.
- 3:04The hope the history books don't tell and nobody in the media
- 3:10will tell you. This is with every one of those
- 3:12resets, every collapse, every crisis it created, the
- 3:16conditions for renewal. Rome, it's fall open the door
- 3:20for a new Christian civilization.
- 3:22France. The revolution there birthed the
- 3:24modern nation state. Britain's decline cleared the
- 3:27space for America's rise. The devastation of World War 2
- 3:31led to the great expansion of prosperity, the greatest that
- 3:34the world has ever seen. So the next chapter is not
- 3:38written. What happens to us is not
- 3:42written and it whether we rise or fall from what's coming
- 3:48depends not on Washington, not on Wall Street, but on us in our
- 3:52homes and our families and our churches and our communities.
- 3:55The debt cycle is not prophecy. It is a warning.
- 4:00You cannot borrow your way out of moral, fiscal or spiritual
- 4:04bankruptcy. Now, I don't feel like I chose
- 4:08this path. I mean this, this with Bretton
- 4:12Woods and then 1972 coming off the gold standard and what they
- 4:15did in 2008 to bail out all the banks.
- 4:18I didn't have anything to say. Did you have anything to say
- 4:20about that 'cause I didn't, I didn't.
- 4:22I wouldn't have chosen those things.
- 4:26But the world is putting something together.
- 4:31And I want to show you what our choices are.
- 4:33Because right now people say, you know, I don't like what
- 4:36Donald Trump is doing or I don't like the World Economic Forum or
- 4:40I don't like what China it. OK, great.
- 4:43But I want you to know it's going to be one of these systems
- 4:47because it's being built. It always happens when 1 is
- 4:51coming down. Some new system, usually a
- 4:54country, but not a country. This time a new system begins to
- 4:57rise, and it happens before the fall.
- 5:02What system is quietly being built right now to replace the
- 5:06one that's dying? Well, let's dive into it and the
- 5:09massive signals being sent by the President and Treasury
- 5:13Secretary Scott Besant. First, let's start with this
- 5:17banger from Luke Groman. Apparently, some bond market
- 5:20participants do not realize their holdings must lose on a
- 5:24real basis for the US not to lose to China in the great power
- 5:28competition. Let me translate that. the US is
- 5:31going to sacrifice the bond market before it sacrifices
- 5:35global dominance. And guess what?
- 5:37Some bond traders are finally starting to get the memo.
- 5:40Oh, so now you're worried now that the macro regime is
- 5:44flipping? We'll buckle up because the
- 5:46biggest signal came right after this headline.
- 5:49Just in the US, Treasury executed the largest debt
- 5:52buyback in American history, 12.5 billion of its own debt.
- 5:57Not to retire debt, not to stimulate.
- 5:59No, to keep the system alive. Because older bonds lose
- 6:04liquidity, they drift off the benchmark curve and then repo
- 6:07markets, the plumbing of global finance, start twitching.
- 6:11So Treasury stepped in to clean it up.
- 6:14That is not QE, but it is QE adjacent behavior.
- 6:19It's liquidity engineering. the Fed already cut twice.
- 6:23QT formally ended December 1st. Once the Fed stops draining the
- 6:28system, the Treasury's job becomes keep the machine from
- 6:31seizing up. Why?
- 6:33Because so far, the repo engine is blowing up in volume.
- 6:36That means the entire financial system is leaning on overnight
- 6:41repo collateral like a crutch. If even one corner starts
- 6:45trading weird, it cascades. And that brings us to the next
- 6:49warning, financial analyst Bill Holter.
- 6:52Mr. Gold himself went on the record.
- 6:55There was more risk in the financial system now than
- 6:58anytime ever. And he's not wrong.
- 7:01Look at silver. In 48 hours silver spiked $5.00
- 7:05an ounce. A coordinated scramble for
- 7:07industrial metal that should never move like that unless
- 7:11something is snapping lease rates, exploding borrow rates,
- 7:14exploding a global multi year deficit, and the rumor some one
- 7:19placed a $20 billion order equivalent to 400 million oz.
- 7:25That order cannot be met. Holter says if someone stands
- 7:29for delivery and it looks difficult, everyone will stand
- 7:32for delivery. Contracts become worthless if
- 7:35COMEX fails to deliver silver. Gold goes next, then the CME,
- 7:40then Treasuries, then derivatives.
- 7:42The entire collateral chain melts down.
- 7:46And who agrees with Holter, Ray Dalio and Jeff Gundlach buying
- 7:51physical gold for the first time in their careers?
- 7:55When the Bond kings start leaving the bond market, you
- 7:58know the end game is approaching.
- 8:00Now let's talk about the most important story no one is
- 8:03covering breaking. Trump is considering making
- 8:07Treasury Secretary Scott Besson not just Treasury Secretary but
- 8:12also the top economic adviser. If Kevin has it, becomes Fed
- 8:17chair. This is a regime rewrite.
- 8:19Why? Because this creates the
- 8:22Treasury and Fed working together.
- 8:24Liquidity first, policy growth first, ideology, financial
- 8:28repression, implicit QE, soft caps on yields, coordinated
- 8:33industrial policy, and geopolitical strategy versus
- 8:37China. This is the 1940s playbook
- 8:40updated for a digital multipolar world.
- 8:43The markets will pretend to be confused.
- 8:45Then they'll realize this is wildly bullish for risk assets
- 8:49and nuclear level bullish for Bitcoin, because this structure
- 8:54is a world where holding cash is slow death and owning assets is
- 8:59survival. And Scott Besson told us his
- 9:02ambitions months before the election.
- 9:04I think as an economic historian and someone who's been in
- 9:09markets for 40 years, you know, I actually think I'm starting to
- 9:15look like it now. It is, you know, I think we're
- 9:20also at a, at a unique moment geopolitically.
- 9:24And I, I could see in the next few years that we are going to
- 9:28have to have some kind of a grand global economic reordering
- 9:35is something on the equivalent of a new Bretton Woods or if you
- 9:38want to go back like a, a treat something back to the steel
- 9:43agreement. So the Treaty of Versailles, you
- 9:45know, there's a very good chance that we are going to have to
- 9:51have that over the next four years.
- 9:55And I'd like to be a part of it. You know, I, I've, I've studied
- 9:58this. I I think it's kind of a, a
- 10:02unique skill set. In the next few years, we are
- 10:05going to have a grand economic reordering, something equivalent
- 10:09to a new Bretton Woods. Ladies and gentlemen, this is
- 10:13that moment, and what Benson did next kind of confirms it.
- 10:18Attacking the old guards. The question is how should is
- 10:21this? Is like a new look?
- 10:22Is this a new normal? That, Andrew, there's no new
- 10:25normal. And, you know, I, I can tell you
- 10:27that I, I actually don't read The New York Times anymore, but
- 10:32sometimes I, I do watch CNBC, but you know, occasionally
- 10:36people sending send me articles and like, there's just this
- 10:39fever swamp. And you know, you're, you're now
- 10:42a pop historian with 1929. And you know, in 20-30, forty 50
- 10:48years, The New York Times is no longer the paper of record.
- 10:52You, you can't go. You're like, you know, I read
- 10:54this article like President Trump is slowing down President
- 10:57Trump's mental capacity. It is 100% fake that like he
- 11:02only called me twice at 2:00 in the morning last week instead of
- 11:06three times. You're saying he called you I?
- 11:08I believe that he called you at 2:00.
- 11:10Or three in the morning like that that whole narrative you
- 11:13you had what was the greatest one of the greatest scandals of
- 11:16all time that the coverage of the Biden administration, Joe
- 11:21Biden's diminished capacity and the cover up and that's.
- 11:24Why? It's probably fair.
- 11:25To raise these. Questions.
- 11:26Where was the New York Times? We just had a three hour cabinet
- 11:29meeting yesterday, Andrew, for 10 months, the Biden
- 11:33administration did not have a cabinet meeting.
- 11:35How are you going to invoke the 25th Amendment if the cabinet
- 11:40secretaries never see the president, which they didn't,
- 11:43That, you know, I hear from people in the Treasury Building
- 11:46that I see President Trump more in a day than my predecessor saw
- 11:51Joe Biden in half a year. Scotty B walked on to the New
- 11:56York Times stage and turned it into a roast battle.
- 11:59Worse. I mean, in a blue state,
- 12:01affordability is worse than a blue state.
- 12:05We can debate that, but keep. There's no debate the the the
- 12:08number 50 basis points higher inflation, the the 10 highest
- 12:14the inflation rates they are in blue cities, but.
- 12:21Just just so you know, because I went to look at this, this is
- 12:24the Joint Economic Committee 2000.
- 12:26Since 2021, the highest inflation of the past four years
- 12:31has been in red states, especially in Florida.
- 12:34I'm talking about current current.
- 12:36Current not over the past four years.
- 12:37Right today. OK.
- 12:41I would think four years would be a reasonable trend line to
- 12:46look at. Today, today it is 50 basis
- 12:50points higher. So anyway, and look, the people
- 12:55are voting with their feet. I have the American people on my
- 12:58side that New York, Illinois, California, Massachusetts are
- 13:04depopulating. And they're going to places in
- 13:06Florida, like Florida, where where interest rates are, I'm
- 13:10saying inflation is up 22% over the last four years.
- 13:12Well, inflation then inflation is up 25% naturally, so it's
- 13:17lower. I believe in New York it was
- 13:1919%. Sorry, I believe in New York it
- 13:21was 19. Percent.
- 13:22I don't think that's right. We can.
- 13:24We can go through that. This man is a weapon, a true
- 13:27economic hitman, the most important economic mind in
- 13:30Washington right now. And he's building something.
- 13:34Which brings us to SEC Chair Paul Atkins, who just said the
- 13:38quiet part out loud. Do you expect this is where
- 13:41financial services are is going? Are the major banks and the
- 13:46brokers out there? Today.
- 13:48Moving increasingly toward tokenization.
- 13:50Oh, absolutely. And it's the the way the world
- 13:55will be, you know, here in that, I mean, maybe not even in 10
- 14:00years, maybe even a lot less time maybe a couple years from
- 14:03now. So I think that all of this
- 14:05modernization of the markets, I think is good.
- 14:09And the trouble that we've seen here over the past few years is
- 14:15that, you know, the SEC, unlike historically at it,
- 14:18historically, it never was necessarily at the vanguard of
- 14:22pushing new innovations. It was always, you know, a
- 14:24little bit behind the market of course, but here recently it's
- 14:29been almost standing a Fort the marketplace and as it's, you
- 14:34know, as all these new innovations were coming about.
- 14:37So that's no more. We're actually embracing it, and
- 14:40I believe that we need to be embracing it to keep the United
- 14:45States at the forefront 2. Years.
- 14:48The modernization of markets is now mandatory for the survival
- 14:52of U.S. financial supremacy. And who else confirmed it?
- 14:56BlackRock, Coinbase, major U.S. banks all running live
- 15:00tokenization pilots. It's all stupid.
- 15:03JP Morgan's JPM coin is already operational.
- 15:06But let's be clear, Jamie Dimon Coin is not victory for
- 15:10decentralization or freedom. It's a way for banks to protect
- 15:15their crown jewel, fractional reserve banking.
- 15:18Jamie Dimon Coin is designed to avoid being classified as a
- 15:22stable coin under the Genius Act, because stable coins must
- 15:26be fully reserved in treasuries. JP Morgan wants to keep
- 15:30rehypothecation alive. They want the Fiat system on
- 15:34chain. Bitcoiners want the Fiat system
- 15:36gone. This is the Battleground 2
- 15:39systems, emerging systems of control, CBDC's, deposit tokens,
- 15:45centralized rails, and then systems of freedom, Bitcoin,
- 15:50sound money, self custody. And Speaking of banks, this is
- 15:54insane. In just two weeks, JP Morgan,
- 15:57BlackRock, Vanguard, Charles Schwab, they all reversed their
- 16:02stance on Bitcoin. Why the sudden change of heart?
- 16:05Well, because they needed the price lower.
- 16:07They ran the same play they ran in 2017.
- 16:11Diamond Calls Bitcoin of fraud. Retail panic sells.
- 16:14JP Morgan buys the dip. This time they attacked micro
- 16:18strategy. Jacked margin from 50 to 95%,
- 16:21froze transfers, pushed index exclusions, waited for 35%
- 16:26drawdown, then announced a Bitcoin backed bond.
- 16:29This wasn't an accident, this was accumulation.
- 16:33And now Larry Fink, Mr. 13 1/2 trillion is explaining Bitcoin
- 16:37as a macro hedge to all his Wall Street buddies.
- 16:41He said sovereign wealth funds are buying Bitcoin.
- 16:45From we're seeing more and more legitimate long only investors
- 16:48investing in it. There was an article about a a
- 16:51foundation endowment just bought a lot of I bit, but I can tell
- 16:56you there are a number of sovereign funds that are
- 16:59standing by. They're adding incrementally
- 17:02AT121100 they brought, I know they bought more in the 80s,
- 17:07that's fine. And they're they're establishing
- 17:09a longer position and you own it over years.
- 17:13This is not a trade. You own it for a purpose.
- 17:16This is a global adoption wave, and Michael Saylor confirmed
- 17:20banks are adopting Bitcoin faster than expected.
- 17:23Needless to say, 2026 is going to be absolutely insane.
- 17:27Rd. Banks in the world to embrace
- 17:28crypto, to embrace Bitcoin, and four to eight years would be
- 17:33fast. What you see here is it's
- 17:35happening much faster. What we've what we've seen is
- 17:41BNY Mellon, PNC Bank, Citibank, JP Morgan, Wells Fargo, Bank of
- 17:48America, Vanguard, all of these have flipped from a hostile,
- 17:54negative or skeptical view to a positive view in the last 12
- 17:58months, right? We have announcements Schwab is
- 18:02going to custody Bitcoin and extend credit against crypto
- 18:07assets early next year. Citi is doing the same thing.
- 18:12It used to be, you know, I couldn't get a loan against
- 18:16Bitcoin from any major bank. And now if I counted the top ten
- 18:21banks in the United States, eight of them, eight of them
- 18:25are, are, are actually engaged in crypto lending and they've
- 18:31all flipped their stance in the last six months.
- 18:34CBDC's deposit tokens, bank issued coins, rehypothecation,
- 18:38surveillance rails and then system 2.
- 18:41Freedom money, Bitcoin gold, self custody, open networks.
- 18:45Gold is sound money with one fatal flaw.
- 18:48You can't send it across the world in minutes for pennies.
- 18:51Peter Schiff, the gold Pope himself, just admitted live that
- 18:55he couldn't verify his own gold in front of CZ.
- 18:58We're about to bring it home today, but before we do, look at
- 19:01our likes 3 or 4 times. Maybe I pump those numbers up.
- 19:04Those are rookie numbers in this racket.
- 19:06Let's take a quick second for our sponsors who keep this show
- 19:08on the air over at the Bitcoin Way.
- 19:10If your wealth lives in their system, it's not yours, it's
- 19:13theirs. That's why we scream Bitcoin.
- 19:15That's why you self custody and that's why you call our friends
- 19:19over at the Bitcoin Way. They'll walk you through multi
- 19:21sig self custody, privacy, how to run a node, and the tools
- 19:24that keep you sovereign when the Fiat system pulls the plug.
- 19:27Don't wait till it's too late. Book a free 30 minute console
- 19:30today using that link in the show notes.
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- 19:55So I have a nice box here. What is that?
- 19:58It has some. I think it's Kirk, Kirk, Kirk.
- 20:01Language. I took it back from Kyrgyzstan.
- 20:03He has a certificate. I got this from a very important
- 20:07person from Kyrgyzstan very recently, just completely by
- 20:12luck. So we take it out.
- 20:14It's pretty heavy. Put this down, you can see it
- 20:20says Kyrgyzstan 1000 grams, fine gold 99.9 point 9 and a serial
- 20:27number. Try it.
- 20:31Yes, yeah, it's heavy. Is it real gold or no?
- 20:33Well, I don't know. I mean, I, you know.
- 20:35I mean. Is this what you're trying to I
- 20:38mean? This is the fourth turning You
- 20:41want money that backs itself? You want Bitcoin.
- 20:45And Blackrock's Robbie Mitchnick just spelled it out.
- 20:48The only two assets globally adopted as monetary alternatives
- 20:52over thousands of years are gold and Bitcoin.
- 20:55There's only two assets that have emerged, maybe, maybe
- 21:00three. If we count silver in the last
- 21:03multiple thousands of years that became globally adopted as a
- 21:07monetary alternative, gold, you could say silver at some point,
- 21:12less so today and Bitcoin. So that's an incredible
- 21:15achievement for Bitcoin. Obviously, Bitcoin is newer than
- 21:20gold. It's more volatile than gold.
- 21:23It's risky as a as a kind of novel technology instrument, but
- 21:26it also has a lot in its favor as something that is digitally
- 21:31native in an increasingly digital world that is efficient
- 21:34to store and can be moved anywhere in the world in near
- 21:37real time and near 0 cost. So Bitcoin has registered in the
- 21:42arena as a real competitor, real option in that space of things,
- 21:50of a small space of things that you can use to kind of play this
- 21:53debasement trade. And we've seen that resonate
- 21:55all. Right, so let's run it down.
- 21:58Debt super cycle, Treasury buybacks, record Treasury
- 22:01buybacks, end of QT repo stress, derivative cracks, Silver
- 22:05delivery crisis, Fed Treasury consolidation 3/19/13 policies.
- 22:11We've been talking about this black rocks tokenization regime.
- 22:15Banks capitulating sovereign wealth funds buying Besant,
- 22:19building a new Bretton Woods and Bitcoin positioned as the
- 22:23backbone of the new system. This is not random, this is not
- 22:28chaos. I don't know, I think it's still
- 22:29chaos, but this is the transition of monetary eras
- 22:34happening in real time. 1 system is dying, one is being built and
- 22:38you get to choose which one you participate in.
- 22:41Bitcoin or digital serfdom? Freedom money or Jamie Dimon and
- 22:46Ursula coins? Self sovereignty or the beast
- 22:50system. Choose wisely because the reset
- 22:53has already begun and Bitcoin is not outside the system anymore.
- 22:59Bitcoin is the replacement. Let us know what you think below
- 23:02and don't forget to like subscribe and give us a pamp
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- 23:11with the peaceful revolution follow us on X and I'll catch
- 23:14you all next time love you guys if you.
- 23:18Prefer to go. Down with the.
- 23:18Ship.