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Recession Odds Skyrocket🚀Crypto Market Update · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Odds of a US recession are skyrocketing. Today, we're going
• 0:09
  Speaker 1: to be breaking down how this may impact the crypto markets, Bitcoin,
• 0:12
  Speaker 1: all of your assets out there, don't leave. My name
• 0:16
  Speaker 1: is Paulbera. Welcome back into tech path. Let's get go
• 0:18
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• 0:22
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• 0:48
  Speaker 1: Let's go over to a couple of points. Obviously, as
• 0:50
  Speaker 1: everybody knows, the tariff on China has launched what has
• 0:55
  Speaker 1: been a quid pro quo war of both. I think
• 1:01
  Speaker 1: the monetary system, what we're going to see within the
• 1:03
  Speaker 1: bond market, what we're going to see within the securities
• 1:06
  Speaker 1: market now, with many other things that are playing into
• 1:09
  Speaker 1: this around Chinese stocks. We'll get into that a little
• 1:12
  Speaker 1: bit later on another video, but there is a lot
• 1:14
  Speaker 1: going on that is affecting this. This is another statement
• 1:18
  Speaker 1: right here that China says, Hey, the US is weaponizing
• 1:21
  Speaker 1: tariffs as a tool of bullying and coercion, turning itself
• 1:25
  Speaker 1: into a joke.
• 1:26
  Speaker 2: You know, when you start seeing.
• 1:28
  Speaker 1: Statements like that, it is clear that Trump and the
• 1:31
  Speaker 1: administration has got under their skin, and for a reason,
• 1:35
  Speaker 1: a good reason. They've been able to outline all of
• 1:37
  Speaker 1: the missteps of China. And now we're starting to see
• 1:40
  Speaker 1: all of these situations that have been brewing for quite
• 1:44
  Speaker 1: some time. And the one thing that is at risk here, well,
• 1:47
  Speaker 1: it's this right here. The US still has the world's
• 1:50
  Speaker 1: largest economy because of its consumer driven model. Now, many
• 1:53
  Speaker 1: people would say, well, that's a weakness, it's also a
• 1:55
  Speaker 1: strength when you are the place for buyers and sellers
• 2:00
  Speaker 1: that market demands not only the ultimate respect, but in
• 2:05
  Speaker 1: many cases, the only respect. Now you combine that with
• 2:08
  Speaker 1: the one of the fastest growing technology sectors and also
• 2:13
  Speaker 1: the number one financial sector out there, and you have something. Yes, Now,
• 2:17
  Speaker 1: granted the US is not manufacturing. That's the weakness that
• 2:21
  Speaker 1: I think is going to end up being a negotiated
• 2:24
  Speaker 1: tactic between the Trump administration and the CCP. But it
• 2:28
  Speaker 1: still is up for grabs, and I think there's a
• 2:30
  Speaker 1: lot of pressure yet to come. Here's the real question
• 2:33
  Speaker 1: who gives up first, President Trump, China or the bond market.
• 2:36
  Speaker 1: This is the big deal that is happening right now.
• 2:38
  Speaker 1: At this rate, the tenure note will be at five
• 2:41
  Speaker 1: percent next week. That would completely change the dynamics going forward.
• 2:45
  Speaker 2: I want to go to a.
• 2:46
  Speaker 1: Clip real quick, because this next clip we'll get into
• 2:49
  Speaker 1: a little bit more around where Trump is today and
• 2:52
  Speaker 1: his position overall.
• 2:53
  Speaker 2: Take a look.
• 2:55
  Speaker 3: I'd rather call it a read my lips moment. George
• 2:58
  Speaker 3: Bush nineteen eighty eight convention speech, written by Peggy Newton,
• 3:02
  Speaker 3: famous for writing speeches for Ronald Reagan, said the biggest
• 3:05
  Speaker 3: takeaway is when he said, read my lips, no new taxes.
• 3:09
  Speaker 3: Two years later, as president, he raised taxes because the
• 3:12
  Speaker 3: interest on the debt reached the record level three point
• 3:15
  Speaker 3: two percent that stands today, That'll be broken next year.
• 3:18
  Speaker 3: I say it's a read my lips moment because George
• 3:20
  Speaker 3: Bush had to do something that was anathema to the party,
• 3:23
  Speaker 3: make a politically difficult decision to raise taxes. So today
• 3:27
  Speaker 3: we see with societal upheaval, stress related to difficult choices
• 3:32
  Speaker 3: that we have to make because of the high level
• 3:34
  Speaker 3: of indeadedness, a hall of mirrors effect where not only
• 3:39
  Speaker 3: are investors looking at policymakers, but policymakers are looking at
• 3:43
  Speaker 3: markets because they matter a great deal now with the
• 3:45
  Speaker 3: high level of debt that the US has.
• 3:47
  Speaker 4: Aren't we there right now policymakers looking at markets. Donald
• 3:50
  Speaker 4: Trump even talked about that the bond market was a
• 3:52
  Speaker 4: bit queasy overnight.
• 3:54
  Speaker 3: It happened now, but in a multi dimensional game of
• 3:57
  Speaker 3: chess that you know Donald Trump plays, if you think
• 3:59
  Speaker 3: he's thinking, and you've got to think something else, perhaps
• 4:01
  Speaker 3: who knows?
• 4:03
  Speaker 1: All right, So you can see this is one of
• 4:06
  Speaker 1: the most unusual times, at least I can ever remember,
• 4:09
  Speaker 1: going all the way back into my business career, and
• 4:12
  Speaker 1: I've had a chance to live through the two thousand
• 4:13
  Speaker 1: and eight financial crisis. Obviously I saw what happened in
• 4:17
  Speaker 1: even in the early eighties as a kid, and what
• 4:20
  Speaker 1: we saw in terms of these big recessions, high inflation,
• 4:23
  Speaker 1: all those.
• 4:23
  Speaker 2: Kind of things.
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  Speaker 1: This is one that is for the records. Tax cuts
• 4:27
  Speaker 1: now account for thirty eight percent of the national debt today,
• 4:30
  Speaker 1: while recession responses and spinning increases each cost twenty nine percent.
• 4:34
  Speaker 1: And now the Republicans want to pass a five point
• 4:36
  Speaker 1: three trill in more tax cuts. This is not going
• 4:39
  Speaker 1: to be kept up. And I agree with that to
• 4:42
  Speaker 1: a certain extent. Yes, But the point I think that
• 4:45
  Speaker 1: everybody understands, and that eventually means that the VET will print,
• 4:48
  Speaker 1: we will see inflation start to accelerate, and I think
• 4:51
  Speaker 1: that starts to move us in to the next phase,
• 4:54
  Speaker 1: and that is how do US treasuries hold up against
• 4:58
  Speaker 1: other countries? Because this is where it's going to get
• 5:00
  Speaker 1: a little bit dicey around the US dollar.
• 5:03
  Speaker 2: Take a look.
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  Speaker 5: Speaking with Greg Peters of PGM Fixed Income earlier, and
• 5:07
  Speaker 5: he said that this week really has been a game
• 5:09
  Speaker 5: changer for him, that he can't put this back in
• 5:10
  Speaker 5: the bottle.
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  Speaker 6: You can't unsay certain things.
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  Speaker 5: And that this really is making him rethink the role
• 5:16
  Speaker 5: of treasuries as a safe haven asset, given that if
• 5:19
  Speaker 5: the goal is to reduce trade, then essentially there will
• 5:22
  Speaker 5: be less dollars overseas to invest naturally in US treasuries.
• 5:27
  Speaker 5: Are you thinking about something similar you see.
• 5:29
  Speaker 3: That the nations that are friends would have still have
• 5:32
  Speaker 3: about six account for about sixty percent of world reserve assets.
• 5:36
  Speaker 3: So if each of the friends and foes went to
• 5:38
  Speaker 3: their respective corners, you expect that the amount of money
• 5:42
  Speaker 3: helding dollars would still be roughly the same, close to
• 5:45
  Speaker 3: six percent if it went to the extremes. That's one
• 5:48
  Speaker 3: major major point. The next one is liquidity. Of course,
• 5:51
  Speaker 3: the US bond market this week has seen, according to
• 5:53
  Speaker 3: the New York Fed, a seven hundred billion or so
• 5:56
  Speaker 3: of daily volume. No market comes close to that. This
• 5:59
  Speaker 3: isn't to say that over time we couldn't see that
• 6:01
  Speaker 3: fifty eight percent of money held in dollars decline. And
• 6:05
  Speaker 3: you have a plurality forty nine percent in dollars, more
• 6:08
  Speaker 3: in euros, more in the end, et cetera, et cetera.
• 6:11
  Speaker 3: It's possible, and I'll be gradual. Wouldn't expected to be immediate,
• 6:16
  Speaker 3: all right.
• 6:16
  Speaker 1: So, as you can see, guys, this is something that
• 6:18
  Speaker 1: has been in construct for quite some time. Many people
• 6:21
  Speaker 1: have talked about a financial reset that could be underway,
• 6:25
  Speaker 1: and it just may be in the scenario where we're
• 6:28
  Speaker 1: seeing right now it play out in public, where we
• 6:30
  Speaker 1: can actually start to put some of these puzzle pieces together.
• 6:34
  Speaker 1: The Euro itself has jumped to its strongest level against
• 6:38
  Speaker 1: the US dollar in more than three years. That also
• 6:41
  Speaker 1: is another factor, and this goes back obviously, back after.
• 6:45
  Speaker 2: Biden came in.
• 6:46
  Speaker 1: Now we're seeing a very strong euro coming back in
• 6:50
  Speaker 1: That in itself, I think will play into a global market,
• 6:52
  Speaker 1: especially around currency, and one of the things that will
• 6:55
  Speaker 1: hold the United States back from at least participating in
• 6:59
  Speaker 1: that would be a recession. So this is Remember, we
• 7:02
  Speaker 1: have short recessions and long recessions, some of them I
• 7:05
  Speaker 1: think have been just a few months. Here's Larry Fink
• 7:08
  Speaker 1: talking about that the United.
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  Speaker 7: States post World War Two was a global stabilizer. We
• 7:16
  Speaker 7: are the global destabilizer.
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  Speaker 8: Right right now.
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  Speaker 7: That's a very you know, that's a very hard thing
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  Speaker 7: to say, because I pride ourselves of being, you know,
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  Speaker 7: bringing the leadership, bringing the conversations to celebrate. Yes, I
• 7:31
  Speaker 7: do believe we're probably starting, if not, we're in a recession. Yes,
• 7:35
  Speaker 7: I think the market is still anticipating, underestimating.
• 7:39
  Speaker 2: How high inflation can get.
• 7:42
  Speaker 7: If you factor in all the terraces, right, you factor
• 7:46
  Speaker 7: in all these other issues, it's going to be quite addictive.
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  Speaker 7: I mean, I read in a report that if you
• 7:52
  Speaker 7: just take the terrace in the cost of home building,
• 7:55
  Speaker 7: the average new home could be up as much as
• 7:57
  Speaker 7: twenty six percent. We already have a housing affordability problem.
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  Speaker 1: None of this sounds any good to me, all right,
• 8:03
  Speaker 1: I mean, and it's all self inflicted, by the way,
• 8:06
  Speaker 1: none of it needed.
• 8:06
  Speaker 7: This is not a pandemic. This is not a financial crisis.
• 8:09
  Speaker 7: This is something that we've created. But in the short run,
• 8:12
  Speaker 7: I'm petrified at some of these issues.
• 8:14
  Speaker 8: Petrified.
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  Speaker 6: Let's be petrified, all right.
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  Speaker 1: So Fink is definitely on the edge of a seat
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  Speaker 1: right now. If you look back at the list of
• 8:23
  Speaker 1: recessions and their durations, this kind of goes into some
• 8:27
  Speaker 1: of them. I won't throw the Great Depression in there,
• 8:30
  Speaker 1: but the thirty seven one year. One of the ones
• 8:32
  Speaker 1: that is of most recent is the nineteen eighty recession
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  Speaker 1: some similarities, but it only lasted for six months. And
• 8:41
  Speaker 1: then the last one that we saw which was induced
• 8:44
  Speaker 1: was COVID, and of course that was only two months.
• 8:46
  Speaker 1: I would throw that one out, but I would look
• 8:47
  Speaker 1: at the last several, both the eighty the eighty one
• 8:50
  Speaker 1: to eighty two, the early nineties and the early two
• 8:52
  Speaker 1: thousands all under a year with exception of one. So
• 8:56
  Speaker 1: if we were to enter into a recession, it is
• 9:00
  Speaker 1: a possibility that it could be a short lived one
• 9:02
  Speaker 1: that would still play into the favor of a rebound
• 9:07
  Speaker 1: on timing around mid terms. This is where it gets
• 9:10
  Speaker 1: very critical on how this could look for both the
• 9:14
  Speaker 1: administration but really kind of going forward. If you look
• 9:18
  Speaker 1: at the possibility of it right now, US recession in
• 9:20
  Speaker 1: twenty twenty five, sixty two percent over on polymarket after
• 9:24
  Speaker 1: it skyrocketed over the last twelve hours, so we are
• 9:27
  Speaker 1: seeing a continued move. Really if you go back here
• 9:31
  Speaker 1: just to March twenty eighth, where we were at thirty
• 9:32
  Speaker 1: seven percent of a potential. So this is where it
• 9:37
  Speaker 1: gets pretty crazy, guys, and it's going to get worse,
• 9:39
  Speaker 1: I think before it gets better. Even though we may
• 9:41
  Speaker 1: see some flight to safety in gold and bitcoin. I'll
• 9:45
  Speaker 1: show that in a minute. But more than fifty percent
• 9:47
  Speaker 1: of investors have been barished on the market for seven
• 9:50
  Speaker 1: straight weeks, the longest streak since October ninety. That goes
• 9:53
  Speaker 1: back to a recession that ended up marking the bottom
• 9:56
  Speaker 1: of a bear market.
• 9:58
  Speaker 2: So that's another.
• 9:59
  Speaker 1: Factor into remember the mag siven There's been a lot
• 10:02
  Speaker 1: of falloff here on the S and P five hundred
• 10:04
  Speaker 1: in general. And if you look at Bitcoin even going
• 10:06
  Speaker 1: up to one hundred and eight and then falling back
• 10:08
  Speaker 1: down ward's trading right now which is starting to near
• 10:11
  Speaker 1: possibility of going back to ninety.
• 10:13
  Speaker 2: We'll see if that can hold.
• 10:14
  Speaker 1: But the FED is really now in the game because
• 10:18
  Speaker 1: now you've got the FED versus tariffs. This is where
• 10:21
  Speaker 1: it all comes together, because the question is when would
• 10:24
  Speaker 1: the FED print take a look at this clip?
• 10:27
  Speaker 8: And so the question becomes, you know, is there a
• 10:30
  Speaker 8: FED put on those negotiations or is there an administration
• 10:34
  Speaker 8: put on those negotiations or neither.
• 10:38
  Speaker 4: You know, the FED cannot change the ultimate destination of
• 10:41
  Speaker 4: where the economy is going to settle. All we can
• 10:44
  Speaker 4: do is keep inflation in check and try to keep
• 10:47
  Speaker 4: dislocations from disrupting that transition period. But I'm really I
• 10:51
  Speaker 4: think we're on tenor hooks that this could start to
• 10:54
  Speaker 4: get out of hand.
• 10:54
  Speaker 2: Why not do it now? If we're not restrictive anymore.
• 10:58
  Speaker 4: I think that the FED or try stepping in, should
• 11:02
  Speaker 4: be done reluctantly, should be done when it's only truly
• 11:04
  Speaker 4: needed not all the time, and right now short term
• 11:08
  Speaker 4: inflation expectation have increased. We've had four years of elevated inflation.
• 11:12
  Speaker 4: I think we should be very cautious about taking moves
• 11:15
  Speaker 4: that potentially could demonstrate a weakening, which I don't believe
• 11:19
  Speaker 4: is there but a weakening of the Fed's commitment to
• 11:21
  Speaker 4: get inflation all the way back down. I think we
• 11:23
  Speaker 4: need to finish the job on inflation and then we'll
• 11:25
  Speaker 4: be able to get back to the traditional trade offs
• 11:28
  Speaker 4: of the dual mandate goals. And for me, for one
• 11:31
  Speaker 4: policy maker, I'm not there yet.
• 11:33
  Speaker 1: This is one of the most precarious situations I think
• 11:35
  Speaker 1: the FED maybe has ever been in the Federal Reserve
• 11:38
  Speaker 1: now rules out liquidity injection, expecting Trump's actions to kill
• 11:43
  Speaker 1: the rate cut plans because many of which they think
• 11:45
  Speaker 1: is going to be tariff induced. Is that we will
• 11:48
  Speaker 1: see a lift in inflation or at least a slowing
• 11:51
  Speaker 1: and somewhat of a flat position right now. So it's
• 11:54
  Speaker 1: going to be kind of that higher for longer model
• 11:57
  Speaker 1: that has been going on for really quite some time
• 12:00
  Speaker 1: time and the FED has yet to hold through this.
• 12:02
  Speaker 2: Now, remember we've hit.
• 12:03
  Speaker 1: A bitcoin time high, a gold all time high and
• 12:07
  Speaker 1: a S and P all time high during a higher
• 12:10
  Speaker 1: for longer. So I want you guys to think about that,
• 12:13
  Speaker 1: because yes, there has been market pain. The real question
• 12:16
  Speaker 1: is is this the end? Are we going to continue
• 12:19
  Speaker 1: to see downside volatility going forward?
• 12:22
  Speaker 2: Any minute?
• 12:22
  Speaker 1: Now here's zero heads, it becomes a FED versus the PBOC,
• 12:25
  Speaker 1: that's the People's Bank of China. And when the gloves
• 12:30
  Speaker 1: really come off is when it starts to get interesting,
• 12:32
  Speaker 1: because that's the two greatest economies in the world going
• 12:36
  Speaker 1: head to head. Another twenty BIPs move on the tenure. This,
• 12:40
  Speaker 1: of course today puts one hundred BIPs above when the
• 12:43
  Speaker 1: FED pivots began. So let me kind of zoom in
• 12:46
  Speaker 1: on that. What is the FED thinking right now? That's
• 12:48
  Speaker 1: the big question that everybody's asking, whether or not Powell
• 12:51
  Speaker 1: is going to pull the trigger on any FED rate cuts.
• 12:53
  Speaker 1: My anticipation at the current rate that we have going
• 12:57
  Speaker 1: both on economic of all the people that I've talked to, economist,
• 13:01
  Speaker 1: the amount of people that are in the market, money managers,
• 13:05
  Speaker 1: everybody is in the same position as they feel that
• 13:08
  Speaker 1: this is going to slow pal down. Here's another clip,
• 13:12
  Speaker 1: because this is where we get into inflation prints before tariffs.
• 13:15
  Speaker 6: Take a look, what was inflation dropping that rapidly.
• 13:19
  Speaker 9: What we know and frankly, I think about this print
• 13:22
  Speaker 9: is almost like the before times. The Trump administration inherited
• 13:25
  Speaker 9: a very strong economy. We were on a path to
• 13:28
  Speaker 9: a soft landing. We were in a situation where the
• 13:30
  Speaker 9: Fed had to deal with the last mile with.
• 13:32
  Speaker 6: Our station, you know, a month and a half after
• 13:35
  Speaker 6: two months, two and a half months after they had
• 13:37
  Speaker 6: come in, so they could probably take claim victory with some.
• 13:40
  Speaker 3: Of these olders had one thing we had last year,
• 13:42
  Speaker 3: the same thing, right, We had that bump up in
• 13:44
  Speaker 3: the beginning of the year and then it came down
• 13:45
  Speaker 3: in the spring totally.
• 13:47
  Speaker 9: And you don't want to take any too much from
• 13:49
  Speaker 9: any one particular set of data, but I think you
• 13:52
  Speaker 9: are in a situation where this data is telling you
• 13:54
  Speaker 9: that almost if we had not ignited a trade war
• 13:58
  Speaker 9: and been in a situation where we're talking about tariffs
• 14:00
  Speaker 9: now at rates that we haven't seen in the last century,
• 14:04
  Speaker 9: you would be on pretty good path with respect.
• 14:07
  Speaker 2: To the economy.
• 14:08
  Speaker 9: But what you're going to see in the short run
• 14:09
  Speaker 9: is you're going to see prices rise by over two
• 14:12
  Speaker 9: and a half percent, and you're going to see for.
• 14:14
  Speaker 2: The savage points addition to the percent.
• 14:19
  Speaker 9: That we have already, and you're going to see on
• 14:21
  Speaker 9: average for the American household prices rise because this they
• 14:24
  Speaker 9: are all their consumer goods, right, Prices are going to
• 14:26
  Speaker 9: rise by forty four hundred dollars. So this is going
• 14:28
  Speaker 9: to be at least in the short run, very inflationary.
• 14:33
  Speaker 2: All right, So there you have it right now.
• 14:35
  Speaker 1: A lot of experts, now it's these same experts that
• 14:37
  Speaker 1: have been calling in different ways of the market. We've
• 14:41
  Speaker 1: seen positive, volatile, you know, doomsday kind of scenarios, and
• 14:45
  Speaker 1: what appears to me is that the financial community right
• 14:48
  Speaker 1: now is no better advice on this than anybody.
• 14:52
  Speaker 2: And that's the thing.
• 14:54
  Speaker 1: You've got to continue to watch these signals very closely
• 14:57
  Speaker 1: as things go forward. Now, one of the key signals
• 14:59
  Speaker 1: that I I watch often is how does small business
• 15:02
  Speaker 1: respond to this, because that usually will give you an
• 15:05
  Speaker 1: idea of how the American consumer is responding, because if
• 15:09
  Speaker 1: they're not spending money, it will slow the market that
• 15:12
  Speaker 1: will reduce inflation dramatically. If you look at this right
• 15:15
  Speaker 1: here coming in from kobeec Us, small business optimism is fading.
• 15:20
  Speaker 1: The one that I am watching the most is the
• 15:22
  Speaker 1: restaurant industry. The share of firms expecting higher sales dropped
• 15:26
  Speaker 1: eleven points to three percent. So this is the lowest
• 15:29
  Speaker 1: sense October. And everybody I'm talking to in terms of
• 15:32
  Speaker 1: CEOs from some of the biggest brands out there, they
• 15:35
  Speaker 1: are slowing their projections on revenues this year and they
• 15:40
  Speaker 1: believe that this summer could be the worst revenue opportunity
• 15:45
  Speaker 1: for that industry, of the restaurant industry in possibly the
• 15:48
  Speaker 1: last three decades. That's the kind of thing. So if
• 15:50
  Speaker 1: you see consumers pulling back, then yes they are.
• 15:54
  Speaker 2: You know, you're seeing.
• 15:54
  Speaker 1: Consumers in a position where there's a lot more tightness
• 15:56
  Speaker 1: than the market. That will only cause companies to one lower.
• 16:02
  Speaker 1: The problem there is you have is you've got to
• 16:04
  Speaker 1: accelerate the inflation downward without dealing with the potential issues
• 16:11
  Speaker 1: and hits on the job market, because if you've got
• 16:13
  Speaker 1: those go in the right direction, that could end up
• 16:15
  Speaker 1: with stagflation. That's the problem that we kind of have
• 16:18
  Speaker 1: to avoid.
• 16:19
  Speaker 2: Here's Arthur Hayes.
• 16:20
  Speaker 1: He's hitting on interestingly, it's not like donkeycont we'll be
• 16:24
  Speaker 1: getting more policy response this weekend. If it keeps up,
• 16:26
  Speaker 1: we're about to enter an up only mode. And I
• 16:28
  Speaker 1: think if you look at bitcoin right now and gold,
• 16:32
  Speaker 1: let me.
• 16:32
  Speaker 2: Go over to the gold chart real quick. Here's the
• 16:35
  Speaker 2: gold chart, guys, right here. Let's take a look.
• 16:37
  Speaker 1: Holding right now almost ten percent in three days. Gold
• 16:41
  Speaker 1: doesn't move like that. Okay, everybody understands gold does not
• 16:44
  Speaker 1: move like that. But today gold is a crypto project
• 16:48
  Speaker 1: and it's moving at ten percent in three days. Look
• 16:51
  Speaker 1: at Bitcoin obviously up another five percent after a little
• 16:54
  Speaker 1: bit of a volatiley pullback.
• 16:56
  Speaker 2: This is typical trade activity.
• 16:57
  Speaker 1: But again, if you look at this over just the
• 16:59
  Speaker 1: last three days, from that wick down to where it's
• 17:02
  Speaker 1: holding right there, almost thirteen percent on bitcoin alone. Now
• 17:06
  Speaker 1: the key here is are these these safe assets?
• 17:10
  Speaker 2: Now?
• 17:11
  Speaker 1: Are we possibly seeing a declining dollar, a very unstable inflation,
• 17:16
  Speaker 1: an unsure fed position, and nobody knows what's going to
• 17:21
  Speaker 1: happen on this trade war? Does bitcoin and gold become
• 17:24
  Speaker 1: the two assets that everybody's going to potentially go to. Remember,
• 17:27
  Speaker 1: there's a lot of cash setting on sidelines right down
• 17:30
  Speaker 1: all right, guys, if you're not in the diamond circle,
• 17:32
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• 17:34
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• 17:38
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• 17:41
  Speaker 1: link down here in our videos.
• 17:43
  Speaker 2: I'm in there every day. I'm chatting with you guys.
• 17:45
  Speaker 1: We're doing polls, checking what the you know, the speed
• 17:47
  Speaker 1: of the market is a lot of updates occur over there.
• 17:50
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• 17:53
  Speaker 1: x at Paul Baron. We'll catch you next time right
• 17:55
  Speaker 1: here on tech Path