Latest / The Paul Barron Crypto Show / Banks Threaten To Kill CLARITY!🚫Uncertainty Surges🔥Crypto Market Update

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Banks Threaten To Kill CLARITY!🚫Uncertainty Surges🔥Crypto Market Update · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Uncertainty is here, and today we're going to break it
• 0:02
  Speaker 1: down for you because there's a lot happening in clarity.
• 0:05
  Speaker 2: We'll get into all that.
• 0:06
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• 0:41
  Speaker 1: I Trust all right, So let me hit on a
• 0:42
  Speaker 1: few points to kind of kick off today.
• 0:45
  Speaker 2: First of all, big busy week.
• 0:47
  Speaker 1: Obviously you can go back and watch our AVE and
• 0:50
  Speaker 1: dfive video. We really break it down a good understanding
• 0:53
  Speaker 1: of what exactly occurred there. But right here, the world,
• 0:56
  Speaker 1: of course is soaring to its highest level of uncertainty
• 1:00
  Speaker 1: in history in the last year. This is surpassing COVID
• 1:04
  Speaker 1: and even the global financial crisis. This is insane when
• 1:08
  Speaker 1: you look at the World Uncertainty Index, we have not
• 1:13
  Speaker 1: seen these kind of highs before. And because of that,
• 1:16
  Speaker 1: you've got a lot of things happening. Of course, in
• 1:20
  Speaker 1: Iran as well as in the markets. I ran of
• 1:22
  Speaker 1: course closed Straighth Hord moves again, the US claim peace
• 1:25
  Speaker 1: talks would resume. They're still trying to do something there.
• 1:28
  Speaker 1: They accused the US of plotting a surprise attack. Iran
• 1:32
  Speaker 1: denied Trump a claim of giving me uranium arrangement.
• 1:35
  Speaker 2: Basically, all of the deals are.
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  Speaker 1: Falling apart and the issue is still continuing to be
• 1:40
  Speaker 1: a problem, even after what we were hearing last week,
• 1:44
  Speaker 1: which was a slowdown in all efforts. Just to give
• 1:47
  Speaker 1: you guys an idea of how fast this market is moving,
• 1:50
  Speaker 1: this is what happened over the weekend because last week
• 1:53
  Speaker 1: we had the crypto the clarity rally beginning. Of course,
• 1:56
  Speaker 1: that was Bitcoin moving up to almost seventy a k.
• 1:59
  Speaker 1: You ad the post predictions I had was zach which
• 2:02
  Speaker 1: is looking as though we might get clarity. We even
• 2:06
  Speaker 1: go as far as talking about leaving bridges with Ethereum's
• 2:10
  Speaker 1: new developments that we talked about with their team just
• 2:13
  Speaker 1: last Friday. So all this now, of course, things are different.
• 2:18
  Speaker 2: Now. I want to go to a clip real quick.
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  Speaker 1: This is a breakdown from Blueberg talking about the escalation
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  Speaker 1: over the weekend.
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  Speaker 2: Take a look.
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  Speaker 3: The US is maintaining its Horn Moose blockade and has
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  Speaker 3: seized in Iranian cargo ship.
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  Speaker 4: Tehran signals it may skip talks tomorrow as President Trump
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  Speaker 4: warns of strips on infrastructure. He spoke Saturday, well, at
• 2:35
  Speaker 4: this point, there is risk of escalation on multiple fronts.
• 2:39
  Speaker 4: Even as it feels like we are making progress, as
• 2:41
  Speaker 4: you're outlining, we then see these other things start to happen.
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  Speaker 4: But at this point, the White House is still maintaining
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  Speaker 4: that diplomacy is a viable option. Ahead of tomorrow sees
• 2:50
  Speaker 4: fire deadline. In fact, the White House says the Vice
• 2:52
  Speaker 4: President Ja d Vance, alongside Special Envoy Steve Whitcoff and
• 2:55
  Speaker 4: the president son in law Jared Kushner, are set to
• 2:58
  Speaker 4: depart for Islamabad later tonight. But still Iran is still
• 3:02
  Speaker 4: wavering on whether or not they will send any diplomats
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  Speaker 4: to Pakistan for another round of talks, and at least
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  Speaker 4: publicly this weekend, denied that any sort of progress or
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  Speaker 4: concessions have been made related to its nuclear program.
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  Speaker 1: So issues still rise there, but yet at the same
• 3:20
  Speaker 1: time we're dealing with I just looked at WTI. This,
• 3:23
  Speaker 1: of course is West Texas crude, and you look at this.
• 3:27
  Speaker 1: Over the last five days, it rose up to eighty
• 3:29
  Speaker 1: five bucks. Now it has been declining just in the
• 3:31
  Speaker 1: last few Then you look at the SPX right here,
• 3:35
  Speaker 1: and we are at again bumping another all time high
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  Speaker 1: over seventy one hundred trading today. This is the daily
• 3:42
  Speaker 1: chart right there. This is the kind of market that
• 3:44
  Speaker 1: we're in right now. That, of course, is the issue
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  Speaker 1: where we're seeing institutions and I would say the haves
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  Speaker 1: versus the have nots that are completely in opposite directions
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  Speaker 1: around sentiment. And this is not something that is just
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  Speaker 1: I think playing out in the interim.
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  Speaker 2: I'm wondering that this is.
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  Speaker 1: Going to be a longer term issue that the US
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  Speaker 1: is going to have to deal with.
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  Speaker 2: And the reason I say that, you look at this
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  Speaker 2: right here, the UAE is.
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  Speaker 1: Asking now the US for wartime financial assistance, and you're
• 4:12
  Speaker 1: not doing that unless you think, hey, maybe this thing
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  Speaker 1: is going to last a lot longer.
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  Speaker 2: This is the UAE asking for this, guys.
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  Speaker 1: So if you're in crypto, you know how much of
• 4:22
  Speaker 1: a center a mecca that the UAE was. Of course,
• 4:26
  Speaker 1: that has changed dramatically just in a very short period
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  Speaker 1: of time. Peter Shifts continues to double down on this
• 4:31
  Speaker 1: is all manipulation, most likely likely explanation for Trump's social
• 4:36
  Speaker 1: lives is talking about that this potentially is playing the
• 4:40
  Speaker 1: market one way or the other. You look further into
• 4:43
  Speaker 1: that if you kind of carry on with this with
• 4:46
  Speaker 1: what Eric balshunis is saying, don't fight the federal the
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  Speaker 1: White House. Just investing alongside these things aligns you because
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  Speaker 1: you'd be up seventy five percents the start of his
• 4:54
  Speaker 1: term if you're just working on the moves that Trump
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  Speaker 1: of course has been somewhat indicating for what the market
• 5:02
  Speaker 1: is going to be doing.
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  Speaker 2: And of course this all moves into this right here.
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  Speaker 1: The point I'm getting at is this K type approach
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  Speaker 1: of what's happened with the S and P five hundred
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  Speaker 1: all time high and where consumer sentiment is all time
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  Speaker 1: low forty seven point six to zero. I mean This
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  Speaker 1: is how bad it is on the economic frontier in
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  Speaker 1: terms of Americans, And I think this is an issue
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  Speaker 1: that the White House is going to have to deal with.
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  Speaker 1: Midterms are just around the corner. We're going to see
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  Speaker 1: that here later this fall. The other factor that, of
• 5:34
  Speaker 1: course you have to consider is how long will the
• 5:37
  Speaker 1: S and P continue its rise. Here's Anthony Pompleano saying
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  Speaker 1: the S and P five hundred seen three consecutive weeks
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  Speaker 1: with three percent gains. This has only happened three times
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  Speaker 1: in seventy six years. So does that tell us that
• 5:50
  Speaker 1: eventually the markets do return? Are we going to that
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  Speaker 1: thirty three percent in the last twelve months. We just
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  Speaker 1: don't see those kind of things, especially in assets like
• 5:59
  Speaker 1: the you know, some of the biggest securities out there.
• 6:03
  Speaker 1: So the real question is do we start to see
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  Speaker 1: a tipping point? Here's Muhammed talking about that economic tipping
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  Speaker 1: point right here are notoriously hard to forecast, but the
• 6:12
  Speaker 1: next one is likely approaching for several Asian economies in
• 6:15
  Speaker 1: the near term and for Europe down the road. If
• 6:18
  Speaker 1: the Middle East remains in play and unresolved. Right now,
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  Speaker 1: this is a problem because of the physical energy scarcity.
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  Speaker 1: I mean in the EU, they're already telling all the
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  Speaker 1: workers there to essentially work from home, do not start
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  Speaker 1: to use energy. This gets into a much bigger prospect
• 6:36
  Speaker 1: around the global economic condition that we're dealing with. Now,
• 6:40
  Speaker 1: let's jump over to Clarity because this is starting to
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  Speaker 1: put more pressure on not only Trump's administration, but also
• 6:47
  Speaker 1: the lawmakers. Banks are now pressuring all of those involved
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  Speaker 1: with Clarity Act. Look at this right here, and I'll
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  Speaker 1: show you a couple of tweets that are very important.
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  Speaker 1: Mounting pressure from the banks that want to weigh in
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  Speaker 1: on the current stable corn yield situation, combined combined with
• 7:01
  Speaker 1: Senator Tom Tillis, which is one we've broken down here recently,
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  Speaker 1: that desire to hear them out could potentially push the
• 7:07
  Speaker 1: markup to the second week of May. Then the Senate
• 7:10
  Speaker 1: returns from recess, so this starts to move into August,
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  Speaker 1: which is a deadline that we will not necessarily be
• 7:17
  Speaker 1: able to meet. And I want to go to a
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  Speaker 1: clip real quick because this will get into what Patrick
• 7:21
  Speaker 1: Wick was talking about in reference to August. Take a look,
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  Speaker 1: what's your best guesstimate as to when this bill can
• 7:28
  Speaker 1: make it to President Trump's desk.
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  Speaker 3: We got to move it as quickly as possible. I
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  Speaker 3: feel a huge sense of urgency. I think everybody else,
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  Speaker 3: all the principles involved, if they don't feel it, they
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  Speaker 3: need to feel it, because just working backwards, this bill
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  Speaker 3: has to get passed out of the Senate Banking Committee,
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  Speaker 3: it has to go to the floor, it's got to
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  Speaker 3: be reconciled with the ag product that's going to take time,
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  Speaker 3: and then it also has to go back to the
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  Speaker 3: House and get past there. So, just working backwards from
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  Speaker 3: the August recess, if you view that as kind of
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  Speaker 3: a drop dead date, you realize that you have to
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  Speaker 3: take action now to get this out of the Bankanking Committee.
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  Speaker 3: So I feel that sense of urgency. Secretary Besson weighed
• 8:04
  Speaker 3: in just recently echoing that, saying Congress needs to move now.
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  Speaker 3: The time is now to act on this bill. The
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  Speaker 3: President has tweeted out about this before, so we all
• 8:13
  Speaker 3: feel it and we need to see some movement here
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  Speaker 3: very soon.
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  Speaker 1: Our prediction is this, guys, we are going to hear
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  Speaker 1: something from the White House. It's going to get very dicey,
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  Speaker 1: I think, and how this plays out, because the banks
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  Speaker 1: right now, I think are in a full stall tactic
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  Speaker 1: to basically offset this and not get clarity through. You
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  Speaker 1: look at the probability dropped dramatically from sixty four percent
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  Speaker 1: on the eighteenth down to where we are right now,
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  Speaker 1: and it's hovering right around forty eight percent. So as
• 8:42
  Speaker 1: you can see dropping dramatically, this is going to put
• 8:46
  Speaker 1: pressure on the markets. I think it is going to
• 8:48
  Speaker 1: continue to put pressure on crypto if this does not
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  Speaker 1: go through. We could see a very very interesting summer
• 8:56
  Speaker 1: playing out. And here's how it's happening. This is the
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  Speaker 1: ABA running another anti stable coin ad in Politico that's
• 9:04
  Speaker 1: this morning. This point, it seems pretty clear that banks
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  Speaker 1: actually don't care that much about getting this done at all.
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  Speaker 1: They basically are now propagating information out.
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  Speaker 2: There that basically starts to detach.
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  Speaker 1: From the reality of trying to get clarity through, which
• 9:20
  Speaker 1: was really on this administration's agenda, and it does not
• 9:24
  Speaker 1: look like it's going to happen. Further into this, this
• 9:27
  Speaker 1: came in from eleanor Terra. This gets really dicey. Current
• 9:30
  Speaker 1: compromise stable coin yield text does not accomplish the goal
• 9:33
  Speaker 1: of mitigating the deposit flight to stable coins. This come
• 9:36
  Speaker 1: from the NC banker. So it's the more regional side
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  Speaker 1: of it. I'll show you who that is, the North
• 9:40
  Speaker 1: Carolina basically the ABA, one of their charters, and then
• 9:44
  Speaker 1: you look it further into it must include the air
• 9:46
  Speaker 1: type prohibition on it payments for stable coins acting as
• 9:49
  Speaker 1: a store of value by clearly barring any interest or
• 9:53
  Speaker 1: yield like payments tied to the holding, retention or balance
• 9:56
  Speaker 1: of payment and stable coins. This is the issue we
• 9:58
  Speaker 1: are facing right now. The email we also adds that
• 10:01
  Speaker 1: employees don't need to answer questions or defend their positions.
• 10:06
  Speaker 1: Simply state your message and you'll be thanked.
• 10:09
  Speaker 2: For your call. That's very eerie sounding.
• 10:13
  Speaker 1: It says if this is all pre planned and they've
• 10:15
  Speaker 1: got like, you know, insiders telling them what to do.
• 10:19
  Speaker 1: There was another situation where banks were going in as
• 10:23
  Speaker 1: far as literally scripting it out to simply just kind
• 10:26
  Speaker 1: of ignore it, you know. So these are the kind
• 10:29
  Speaker 1: of things that are happening right now in DC. And
• 10:32
  Speaker 1: I'm talking about reference to getting clarity cleared.
• 10:34
  Speaker 3: Now.
• 10:35
  Speaker 1: Michael Saylor is hitting one thing because he acquired another
• 10:37
  Speaker 1: thirty four thousand and bitcoin that's two point five to
• 10:40
  Speaker 1: four billion, and if you look at that along with
• 10:44
  Speaker 1: what's going on right now around what Master is holding,
• 10:48
  Speaker 1: because they just surpassed ibit as the largest holder single
• 10:53
  Speaker 1: holder of bitcoin, so pretty significant as they continue to
• 10:57
  Speaker 1: play on this.
• 10:57
  Speaker 2: We're going to have their.
• 10:59
  Speaker 1: CEO next week to talk about this because it's pretty
• 11:02
  Speaker 1: interesting the strategy that strategy is playing. It's Tom Lee
• 11:06
  Speaker 1: continuing to support Ethereum with one hundred thousand dollars purchase
• 11:11
  Speaker 1: and this is something we've been kind of looking at
• 11:13
  Speaker 1: for time, but because of what's happening with the situation
• 11:16
  Speaker 1: with the kelpdow and ave over the weekend, this may
• 11:20
  Speaker 1: be a defense position of trying to.
• 11:22
  Speaker 2: Hold the price of eth.
• 11:24
  Speaker 1: This is all happening on a Monday, so get ready.
• 11:29
  Speaker 1: It is going to be a busy week. If you
• 11:38
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• 11:41
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• 11:44
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