Latest / The Big Mig Show / Global Finance Forum From Bullion To Borders We Cover It All |EP551

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Global Finance Forum From Bullion To Borders We Cover It All |EP551 · The Big Mig Show

0:24
Music. The welcome back to the Big Big
0:48
Show Global Finance Forum, the number one finance show on
0:52
Rumble powered by Genesis Gold Group of course with your host
0:55
Lance Miliaccio and George Ballantine from Bullion to
0:59
Borders were your go to source for cutting edge insights from
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the world of finance. Of course, Genesis Gold Group
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Protecting your finances with precious metals has never been
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more crucial. Join us as we explore the forces
1:14
shaping global markets, the power of precious metals,
1:18
digital assets, and the dynamics that influence economies across
1:21
the globe. George Ballantine, Round two,
1:25
brother Round 2. Round 2, it's pouring, raining
1:27
out. I did my physical therapy this
1:30
morning, but you know what? Round 21 more to go after this,
1:34
but you know, it's a pretty good financial week.
1:37
If I have to say, though, you know all those naysayers and you
1:41
know deniers, things are starting to look up.
1:45
Yeah, there's good stuff going on.
1:46
There's good stuff all across the the board.
1:48
But let's start off by just thanking our sponsor, of course,
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Please. All right, lots to talk about
3:04
today, man. Lots on the move.
3:08
So a lot of people didn't think it would ever happen.
3:11
Of course, it finally has. The SEC and Ripple have settled
3:16
this, this lousy, crappy thing that was going on.
3:21
Yeah. That's on.
3:24
Finally, you know, they agreed to settle and I guess Ripple's
3:27
going to pay $50 million of the original $125 million penalty
3:32
with the best of the rest being returned to them.
3:35
So they actually got a discount. Of course, in the very
3:38
beginning, Gary Gensler was threatening just these crazy
3:41
fines and crazy penalties. And of course, both sides agreed
3:45
to drop their appeals of the court agrees to lift the
3:48
injunction placed on Ripple, which means Rippleites XRP
3:52
holders. Things are looking good.
3:57
Let's throw up the settlement agreement, George.
4:00
OK, we could do that. Just the announcement for it.
4:03
I got it right here. Boom Chaka laka laka laka boom
4:09
security. Brad Darlinghouse Yeah, this is
4:11
good news. I agree with you, George.
4:12
I'm excited about it, too. Could finally mean that the XRP
4:16
is on its way to new, new exciting times.
4:21
At the end of the day, you can't help but be excited when you see
4:23
things like that. And I think it's the
4:25
administration. Of course, I'm excited about
4:27
this administration. When it comes to crypto, it's a
4:29
big deal to get away from it, you know, to get away from this
4:33
restriction. And I think what's XRP?
4:35
It's already at $2.34. It just went 24239.
4:41
It's floating right now. Yeah.
4:43
And you know what, Lance, now that the settlement is
4:47
officially done and over with, all those Ndas, with all those
4:52
countries and different companies that Ripple has, they
4:57
can now start unleashing them and letting the public know.
5:00
I mean, this is, I think, just my opinion.
5:04
Ripple's going to start taking off people.
5:07
Yeah, and, you know, that SEC had put a restriction on XRP.
5:10
They weren't allowed to really, you know, disclose a lot of the
5:14
press. In the meantime, Ripple kept
5:16
working behind the scenes, making agreements with foreign
5:19
governments, financial institutions, banks.
5:22
And of course those were disclosed not completely, but in
5:26
the SEC legal documents between Ripple and the SEC, there was
5:31
some mention of around 3300 and some odd contracts that were
5:36
under NDA. And, you know, to me what that
5:40
did was falsely suppress the true value of XRP.
5:44
I think things are on the move now.
5:46
I think things are looking up. And I think the whole market in
5:48
general, I think you have to be excited, George, about the
5:51
market in general when it comes to crypto.
5:53
Well, we've got an administration that's finally
5:55
not going to cause a bunch of havoc.
5:58
I mean bitcoins what 102,500 and?
6:01
I was just going to go no bitcoins right now at 104.
6:04
Wow. So I honestly, you know what,
6:07
hold on Lance, you know it's I, what did I say it would be
6:13
100,000 like a week ago, right? Or a few weeks ago, I said that
6:16
about two weeks, but so if you look at now Bitcoin 104,000 and
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Block trustira.com. All right.
10:08
So a lot of people think this is a massive turning point for the
10:13
US and I think they may very well be right.
10:18
There's lots of talk right now that if you're not invested in
10:21
the markets, if you're not invested in digital assets, you
10:25
might be making a big mistake. You know, we always say you want
10:27
to be diversified, you want to have a certain amount of your
10:29
portfolio, have some gold and silver on hand, have that just
10:32
in case it's, you know, but I think I think some of the long
10:36
term, the short term pain is going away and what we're going
10:41
to see here is long term gain. Donald Trump feels like it.
10:45
He made a public statement. It says, you know, you better go
10:48
out and buy stocks. Now.
10:49
This country is going to be like a rocket ship.
10:51
He's very optimistic about what the impact of them collecting
10:54
tariffs. And I think, George, I'm going
10:56
to make a prediction. Let it RIP, Lance.
10:59
I want to hear it. I think that that there's going
11:04
to be such massive income tax breaks on the federal income tax
11:09
that people are going to be shocked.
11:10
I either see them going down to a very, very, very low flat
11:14
rate, maybe with the potential to completely wipe out capital
11:20
gains tax and or I could see them even completely wiping out
11:26
the federal income tax at certain levels that's coming out
11:30
of DC guys, just so you know. So very interesting.
11:36
I just want to put another statement out there, right,
11:39
because I don't want to hear the left and the media saying, oh,
11:42
Trump was insider trading. He just told everybody once
11:45
again, what do you do? Told everybody you better buy
11:50
stocks now, right? That's what he's saying.
11:53
Last time you said you better buy something, he put it out and
11:56
then you all want to accuse him of trading or making his friends
12:01
richer. This and that.
12:02
No, he told the whole world. Matter of fact, he's telling the
12:04
whole world again, you better buy stocks now.
12:07
Yeah, I don't see this being a private message.
12:09
I don't think this is a private message, George.
12:10
I feel like since it's on the news, it's a public message.
12:13
I mean how much more clearer can you get?
12:15
Better buy stock now. Let's play the clip.
12:18
Let's yeah, look at that. Better buy stock now, Liz.
12:24
You better go out and buy stock. Now, let me tell you this.
12:27
This country will will be like a rocket ship that they go
12:30
straight up. This is going to be numbers that
12:32
nobody's ever seen before. That's a very important element
12:36
of all of this. You know, if we get that, if you
12:38
don't and the Democrats are fighting it only because they
12:41
want to fight, they have Trump Derangement syndrome.
12:43
You know, if it was somebody else, they wouldn't fight.
12:45
If you had a normal person who had some stiff sitting behind
12:48
you, they'd be fine. But they have Trump Derangement
12:52
syndrome. You know, Senator Schumer has
12:54
become a Palestinian welcome. I, I don't know when they're
12:58
going to give him the ceremony, whatever the ceremony may be.
13:02
It's terrible what's happened to the Democrats.
13:04
So very, very important element of, of everything of what we're
13:09
doing unrelated to today, but related in the sense that we'll
13:14
do if that passes, we'll do even more business with the UK.
13:17
We'll have so much it's. You know, if you just, if you're
13:24
so worried about tariffs, just buy made in the USA or move the
13:27
companies here because even the Pope avoided tariffs.
13:31
He's made in the USA too, right? The new Pope made in Chicago,
13:35
he's made in the USA, so you know.
13:39
People, there's no doubt that these historic tariff agreements
13:42
are going to have a massive impact for people.
13:44
Historically, just so you know, this country was never supposed
13:47
to have federal income tax. It was supposed to be run on the
13:51
ports duties and tariff fees. That's what the founders had in
13:54
mind and that's how we were supposed to run the country.
13:57
Federal income tax was supposed to be a temporary solution to
14:01
overcome some debt issues the the US had accumulated.
14:04
But of course, it's also because they weren't doing a good job on
14:07
the ports duties and tariffs. And that is what Trump is trying
14:10
to get us back to. But the UK landmark agreement,
14:14
this USUK trade agreement, you know, it's absolutely in the
14:19
favor of the US. And that's what's going to
14:21
happen with every country if they want to do business here.
14:22
That includes China. China's having horrendous issues
14:26
right now. For you people over there that
14:27
are underestimating what's going on in the Chinese market, don't
14:31
be fooled. They're in serious trouble.
14:34
They're they've got major layoffs.
14:36
The people are, you know, going out and buying 414 dollar one
14:40
meals, which is a four one meal. I don't mean dollar, I mean Wan,
14:43
the Chinese Wan, a very inexpensive meal, mostly noodles
14:46
and vegetables. That's what people are living
14:48
on. They're living on noodle cups.
14:50
I can tell you that a lot of the shopping places are are their
14:55
numbers are dropping. We saw a 22% decrease in online
14:59
buying in China along with their retail sales going into the tank
15:03
because people don't have any disposable income.
15:05
So they're not spending money and they were already in
15:07
teetering on insolvency. So I can tell you that if they
15:10
don't hurry up and make a deal, they're going to have a major
15:12
problem. It's not going to be enough just
15:14
to say we're not going to send the precursor chemicals to the
15:17
US because I believe they have some back channel stuff.
15:20
Now. Listen, if you guys want to know
15:21
more about this, you can always tune into the regular big men
15:23
show over on Rumble. We cover a lot of this, you
15:26
know, our car, a lot of our shows have some overlap.
15:28
You know, we talk about crypto, talk about finance, you know
15:31
that the big men shows a rumble as a Joe Rogan style show on
15:36
rumble. That's what we do.
15:37
You know, we had we we we've had great guests.
15:39
We had a great guest today, Martha Fayne.
15:41
If you know her, she's a big deal.
15:43
She's one of the runner and gunner show some amazing events
15:46
at Mar a Lago that I've attended and she's going to be throwing
15:50
some incredible events coming up this year.
15:51
She hobnobs with all the top celebrities and top political
15:54
leaders, including Donald Trump. So, but I can tell you that this
15:58
template, George, this is how they're going to proceed.
16:01
Peter Navarro, who I'm a fan of, he's a senior counselor to the
16:05
administration. You know that he was before they
16:07
went after him because of his relationship with Trump.
16:09
He stayed strong. He's back in the saddle and he's
16:12
saying this is how they're going to do things.
16:14
Either sign up or don't get up. This is the template, right?
16:21
Yo, they're giving good deals. It's it's, it's long overdue
16:27
that you guys, other countries been taking advantage of the
16:29
United States. We're always helping everybody.
16:32
You know what? I need help.
16:33
Lance needs help. The big, big Moffy needs help
16:35
now. Can we get a magic money
16:37
computer please? Please Elon Musk?
16:40
Can we get a magic money computer brother?
16:42
I mean, all right, but it's just, you know, let's.
16:45
Play the clip bro, let's. Play it all right the.
16:49
UK troops and American troops walked hand in hand and
16:54
liberated Europe. And it's it's symbolic that the
16:59
liberation from the trade war that's being waged against
17:03
America starts today with this great deal between the UK and
17:08
the United States. There's going to be a lot of
17:10
these to come. Trust in Trump.
17:12
He promised you that he would do this kind of thing.
17:15
But I think that the, the bigger part of this deal will, if you
17:20
break it down is, is it's a template for how we are
17:24
proceeding with all the other countries.
17:27
You know, it's like fingerprints.
17:28
They all cheat us in different ways.
17:30
So you have to attack their higher tariffs, the non tariff
17:35
barriers, which in many ways are the worst part of the whole
17:37
problem, the digital taxes and all of this IP theft and all of
17:42
that. So this is, this is a good deal.
17:44
I want to make one small correction there.
17:46
So this doesn't take on a life of its own.
17:49
We're not getting rid of all tariffs on steel and aluminum.
17:53
There will be an alternate agreement that we're hashing
17:55
out. The Brits are going to be very
17:57
happy with that, but that's not what we're doing.
18:03
The Brits will be happy though. You know what?
18:06
You ain't got a choice. Take it or leave it.
18:09
And I have to say this for anybody, that anybody in in
18:12
politics that's talking crap about these tariff deals,
18:16
they're doing the American public a disservice.
18:18
They're doing you a disservice in the audience.
18:20
It doesn't matter. I don't care what your political
18:22
beliefs are. You know, this is a finance
18:24
show. None of that matters to me.
18:25
What matters to me is a great, strong country with strong
18:29
policies and these foreign policies they're putting in
18:32
place for tariffs are important, they're necessary.
18:35
And I'd love to see tax breaks for all the Americans out there.
18:38
You guys can talk about it in the chat.
18:39
And by the way, we want to thank you guys for compelling us and
18:42
pushing us forward to being the number One Financial and Rumble.
18:45
We appreciate that. We're going to continue to
18:47
probably lift the bar on this show, bring you the right guests
18:49
in the interviews. I've got a really good interview
18:51
that I'm lining up now that I think you guys will be excited
18:53
about. But in the meantime, thanks for
18:56
all the help. But the Banjima Army converts,
18:58
of course, the big, big mafia, all you guys have come over to
19:00
the finance show to support us. It's a big deal for us.
19:03
We really appreciate it. And let Rumble know you can
19:05
always go over to Chris Pavlovsky feed or Rumbles feed
19:08
on X or true social or any of the other platforms and just
19:13
jump into their feet and say, hey, we love the big, big show.
19:15
We love the global finance farm. And don't forget today the
19:17
crypto power hour. We've got a big guest, one of
19:21
the guys early on the team at Polygon and you know they can
19:25
control 40% of the traffic out there on the in the blockchain.
19:29
They're doing crazy transactions, making big moves.
19:32
He's going to explain it from the ground level of how what
19:34
that means. Polygon is a great opportunity.
19:36
I always recommend learning about what I consider the top of
19:39
the food chain in companies in cryptocurrency.
19:42
So join us for the Crypto Power Hour at 3:00 PM.
19:44
That'll be our third and last show of the day, running and
19:47
gunning like we do. U.S. companies are jumping on
19:49
board with this enthusiasm. They've announced $233.8 billion
19:55
in stock buybacks in April, the second highest amount since the
20:00
data began in 1984. This is a sharp reversal.
20:05
From the 39.1 billion announced in March and the least since
20:09
October 2020, that's the what was now year to date, repurchase
20:12
announcements have reached a record 665.1 billion.
20:17
Now, if that doesn't tell you that when insiders are buying
20:20
and the companies are buying back stock, you have to know
20:24
what the market's going to do. That is a signal and I can tell
20:27
you that's as that's as strong a single as you're ever going to
20:30
get. So for you people out there that
20:31
are in Wall Street, this is telling you go, go, go take the
20:36
ball down field. Do not look back.
20:40
You, you know, pass, go collect the 200, do whatever you got to
20:43
do, but get that money moving. Money moving.
20:47
So you're saying this is a good thing?
20:50
I'm saying this is as positive as it gets because look how
20:54
early we are in the year with this massive buyback.
20:56
And they're telling you, they're basically signaling to you we're
20:59
buying our stock because we think it's undervalued at this
21:01
point based on where the market's heading.
21:04
And what a strong reversal. When you look at what the how
21:07
these guys reacted to the tariffs, which was really just
21:11
tariffs everybody worried about, you know, Oh my God, what's
21:15
going to happen including Congress and all the mainstream
21:18
media just bitching and moaning. This is telling you what to do.
21:22
This is an obvious sign right now XRP is up 100% in sales.
21:27
That's a signal when you see buyers buying, you have to get
21:31
on top of that momentum and that includes XRP and that includes
21:33
the stock market, Bitcoin 104,000.
21:36
These are positive signals coming on and I think right now
21:41
we're going to start turning the corner and as more as these
21:43
tariffs deals. I'm going out on a limb here
21:44
George, and you can stop me. You can stop me from jumping
21:47
I'm. Going to let you go I'm.
21:49
Jumping off the Cliff right now. I'm telling you right now that
21:52
this is just the beginning as they close these deals and there
21:56
are 100 countries already in full negotiation process as they
22:00
close these deals, those are going to be positive signs.
22:04
Watch the digital asset MarketWatch the stock market,
22:07
but don't sit on the sidelines. Talk to your financial advisors.
22:10
This isn't financial advice. This is common sense.
22:16
Common sense is not so common with some people though I will
22:19
say if you know, look 1st 100 days, President Trump has done
22:28
more than any other president and you can't we always we talk
22:32
about this. You can't always look at the
22:33
economy of what he inherited 4 years of, of so much damage to
22:39
be fixed in 100 days. However, if you look at the
22:43
track record, Ron, it's going to, it's getting better, things
22:48
are being fixed. It's going to take more time,
22:50
right? Short term gain for long.
22:53
No short term pain for long term gain but.
22:55
You you you did a reverse. Reversal.
22:58
Yeah, but you know what? So I'm going to give you an
23:06
example. So when I've come into
23:09
businesses where I got hired as AGM to, you know, because they
23:12
had problems and stuff and it's relevant with business,
23:15
different style businesses and you go and you get hired to fix
23:18
it. You're going to look at like you
23:21
try to do as best you can, but you look, some of the workers
23:23
will look at you as like the bad person because now you're making
23:26
them change, change your ways and, and everything's going to
23:29
get changed. And I always tell them says, you
23:31
know what, just wait. I says you'll be making more
23:34
money. Just wait.
23:35
Be patient and you're you're the disruptor and you, but you're
23:42
disrupting things in a for to be better in a good way and it and
23:46
it takes time it but I tell you always at the end of the road on
23:50
that everything got better for the workers, the business,
23:53
everybody. So it's just going to take time.
23:56
You know, I like disruptors are, I think good because that means
23:59
you're doing something positive. Disrupt them.
24:03
You know what Trump is doing. You know he's shaking up the.
24:05
World no doubt listen it it's going to take a while This isn't
24:09
easy it's never going to be easy sure I'd like to see the
24:11
government make make some governmental arrests.
24:15
I know they're going after Leticia James, but we're talking
24:17
about the finances of the United States here on this show.
24:19
And what I'm telling you is this is the time to get on board talk
24:23
to your financial advisors double down if you can make the
24:26
right moves. I'm I'm not telling you don't
24:28
have some security. You've got your fall back plan
24:30
because we talk about gold and silver all the time.
24:32
I know gold's down right now. We're going to talk talk about
24:34
that in a minute. But if you bought gold a year
24:36
ago, you wouldn't be down. You're up.
24:38
You're just down from its high. And that's a lot of what's going
24:42
on now. They're talking about gold falls
24:43
more than 1% after Trump announces UK trade deal.
24:46
And that's probably going to happen.
24:47
We might see some pull back and we're going to see some profit
24:50
taking in gold and silver. You know.
24:52
Because again, China's loosening its gold import quotas.
24:55
And I think part of the impact, George, and I'm going to throw
24:58
to you, I think some of this stuff that's going on is because
25:03
the bricks thing is not looking as hot to trot and good as it
25:07
did a little while ago. Well.
25:09
I'm going to go back on tariffs real quick.
25:11
I'm going to say something. Yeah.
25:13
If tariffs didn't work, then how come the other countries been
25:18
tariffing us in other countries for forever excessively, right.
25:22
If if they don't work. But now you have to look, you're
25:25
going to look at like all these people in Congress, and this is
25:29
both sides because we have a lot of Republicans too trying to
25:31
fight back. All are trying to take the power
25:32
of tariffs away from Trump must be looking like idiots.
25:37
And I'm just going to say start primarying them, vote them out
25:42
because they don't know what they're doing.
25:43
They're out for their own agenda, not for the American
25:45
people. Tariffs work if done properly
25:48
and correctly because let's face it, the UK had tariffs on us and
25:52
we're there was a trade deficit and we weren't hitting tariffs
25:55
back like we are now. But if they didn't work, then
25:58
why did UK have all these tariffs?
26:00
Why did China have these tariffs?
26:01
India, Canada, all of them. We just had past presidents that
26:09
for some ungodly reason, let everybody take advantage of us.
26:14
That shit's over. Done.
26:16
They now what we need. What now what we need, Lance, is
26:19
law put into place to make sure that tariffs always reciprocal.
26:23
They're fair, not like they were before.
26:27
Can we see that? Probably not because Congress
26:29
sucks. They can't even freaking get an
26:33
attorney and produce the attorney they're.
26:34
Pathetic. I agree with you.
26:36
But here's the deal. There's lots of tariff, tariff
26:38
deals getting negotiated right now.
26:39
They're all going to come to the table.
26:41
Even China. I'm predicting that China is
26:42
going to come today quicker than you think they are because they
26:45
don't have a choice. If they don't get this back
26:48
online, and I'm not telling you it's going to come back online
26:50
all the way because Trump is not going to be very forgiving about
26:53
it. At the end of the day, if they
26:55
don't get this back online, they are in serious, serious trouble.
26:59
I'm telling you this. I know it.
27:01
We've been doing the research. George and I, we did a show the
27:03
other day called Paper Tiger Burning.
27:05
I think. I don't remember the exact
27:06
title, but if you want to see that show, we have some, we have
27:09
some original content clips out of China that we we gathered
27:13
from some some different, you know, offshore and online sites.
27:17
And I want to tell you, you want to go over there and check out
27:20
that episode and you'll find out exactly what's going on.
27:22
It's important to know that. But of course, gold, you know,
27:25
now it's back up today. We started off where we dropped
27:28
1%. I think it's back up to 3348.
27:31
We were at 33 O 7 on the gold spot price.
27:34
So that's 30. Back up right there on the
27:36
screen tickers 3343. Yeah, so it's back up again.
27:41
Gold and silver are part of your long term investment portfolio.
27:45
I'm not telling you to bet the farm.
27:46
I'm saying make sure you have some of it on hand and hold on
27:50
to it. Don't buy stock.
27:51
Don't buy the gold Sox. Buy the actual bullion.
27:55
Put it in your stock drawer, your safety deposit box, in your
27:57
home safe. Hide it somewhere in your
27:59
basement so that just in case you ever need it, it's there
28:02
because had you bought gold and silver when we first started?
28:05
Really pushing you guys and letting you know about it a year
28:08
and a half ago. You'd be way up right now.
28:10
So these little these little ruminations, these movements
28:13
back and forth would be very unimportant because of course,
28:15
let's talk about Trump and the British Prime Minister Kerr
28:17
Starmer, that this is a breakthrough deal.
28:19
That's what's impacting it. They and if they and that right
28:24
now, this is the kind of a statement that was made by the
28:26
Trump administration. If we also get a deal ironed out
28:30
between the US and China, there'll be a lot of resistance
28:32
to the upside and cold gold is going to trade back.
28:35
So you got to understand this. There's going to be some upside
28:37
about that, some downside. Every time you, you bring that
28:40
point up, Lance, I I have to go back and say this because, yeah,
28:44
last year, January 2024, the price of gold per oz was 2063.
28:52
That's 2063. What is it now?
28:57
3300? What did we say?
28:58
Let me see 3344 from 2063 to 30, look at the difference in profit
29:05
margin right there. And it's a great hedge against
29:08
geopolitical uncertainty. You have to realize that it's a
29:10
great hedge. You'd be up 30 some percent had
29:13
you listened to us. And I think we actually started
29:15
recommending gold, at least telling you guys about gold.
29:18
It wasn't so much a financial recommendation saying, hey, you
29:20
might want to think about gold and silver.
29:22
I think it was at 1900 and change, if I remember correctly.
29:25
That's kind of what's in my head that we started talking about
29:27
gold and silver quite a bit. And a lot of people think, oh,
29:29
it's for preppers. It's not for preppers.
29:31
It's for everyone. Nobody doesn't like gold and
29:33
silver. Having a couple of those gold
29:35
Krugerrands or the Maple Leafs or the Eagles in your drawer
29:38
always makes you feel good. All right, stay tuned to the
29:42
Global Finance Forum. We come back.
29:45
We'll be talking about the Saudi silence standoff.
29:49
It seems like the Saudis might be ghosting bricks.
29:52
That's big news if true. And the Chinese have pulled back
29:56
and accumulating gold, another sign that maybe bricks isn't
29:59
going the way it should be. Global Finance Forum with George
30:02
Ballantine and myself. Lance Mariachi will be right
30:04
back. Stay tuned.
30:05
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30:09
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30:10
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30:18
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Order now. All right welcome back to the
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Big Make Show Global Finance Forum powered by Genesis Gold
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Group where we break down the wild world of money, crypto
33:35
markets and everything in between with your hosts Lance
33:38
Migliacha and George Bounty. You know we're going to own back
33:44
right Trump actually, Trump is on his way to Saudi Arabia right
33:49
for probably going to make some deal but wouldn't you know it
33:52
that Saudi Arabia is treading cautiously on full bricks
33:56
membership. Gee, I wonder why they're
33:58
signaling hesitant to upset his strategic relationship with the
34:02
United States. Damn right they are.
34:04
I'm going to. I'm going to say they're going
34:06
to probably pull 4 out. But sorry Raby, they're flirting
34:11
with a multi polar future and it's not ready to burn bridges
34:15
with Washington. They don't want to do that with
34:17
Trump, but that will not be good for them.
34:21
Well, here's the thing, you know, as everybody knows.
34:23
Treasury. Secretary Treasury Secretary
34:26
Scott Besant and the US Trade Representatives Jameson Greer.
34:31
They're set to meet with China's top economic officials on
34:34
Saturday in Switzerland. You know, and of course, like
34:37
George said, George is going to be, I mean, Trump is going to be
34:42
in Saudi Arabia here very quickly.
34:44
So this silent stand up. I think what we're seeing here
34:47
is some hesitancy that they're not.
34:49
They were very confident on the Biden administration about what
34:51
the success of BRICS could be. Now we see that, you know,
34:56
groups like Saudi Arabia, countries like Saudi Arabia are
34:59
actually not sure about full BRICS membership.
35:02
They're worried about what that could do to impact their
35:04
relationships to the United States.
35:06
Donald Trump has made it very clear that he's not going to
35:09
accept anybody, you know, undermining the US dollar in any
35:14
way. So Saudi Arabia hasn't finalized
35:17
their BRICS membership, as you guys know, even though it it it,
35:20
it did signal that it was going to join.
35:23
And I think this, this delay stems from its reliance on US
35:26
security partnerships, you know, the Petro dollar, because that
35:31
was always the plan, right, for BRICS to destabilize the
35:33
petrodollar and actually replace it.
35:37
So I don't know, even Russia, I think is, is wondering about
35:41
BRICS. We've heard some comments coming
35:43
out of that administration about it.
35:45
I think this move is signalling the BRICS may not be ready yet
35:48
to rival Western institutions without a lot of consequences.
35:52
And with Donald Trump in the seat, George, I think these
35:55
countries are playing with fire if they continue to push this
35:57
forward. I think so too.
36:01
I mean, I would like to see, is there going to be another event
36:05
with Trump getting the sword and doing the sword dance?
36:08
I don't know. That was always a weird thing.
36:10
I never really knew what that was all about.
36:11
Sign of respect, give it hand. It's it's their traditions that
36:17
they hold value. But a lot of people tried to
36:18
read more into that than I think it was.
36:21
You know, you had all the queue guys jumping on board with that.
36:24
Oh, look, what's going on? Trump's going to be the world
36:26
leader. You know, it's all weird.
36:28
But I think what's really important about Saudi Arabia,
36:30
you know, they've got a technique, right?
36:31
Saudi Arabia always kind of remains quiet, calculated, non
36:34
committal on a lot of things. You hear them come out, of
36:37
course, they swing a big bat because they've got a ton of
36:39
money. Of course, petroleum at the base
36:42
of that. You know, I think even though
36:44
despite this formal invitation and a lot of enthusiasts out of
36:48
the gate, since they haven't signed officially on the dotted
36:51
line, I'd have to say that this is this is a big sign and it may
36:56
be very well that they're going to pull completely out.
36:59
Even though I know the Kingdom, they've definitely deepened
37:01
their ties with China. They've hosted all the Russian
37:04
envoys. They've diversified all their
37:06
oil dealings and non dollar denominations.
37:08
You can buy oil there now and non dollar.
37:11
But when bricks made this big announcement about a new member,
37:14
they sat quietly and refrained from fully committing.
37:18
I think that's even though I think there's technical
37:21
discussions going on, at least that's what we hear.
37:24
I think this really kind of this is a real statement here.
37:28
I mean, look, there's a difference between exploring
37:30
your alternatives and abandoning your foundations.
37:34
You know, this is what the Gulf analysts who requested an
37:37
anonymity said. So you know Saudi's keeping his
37:40
options open as they should. Like they always do.
37:43
Yeah, they're, they're not dumb. They know what you know, they're
37:45
smart. But now if it was Biden, they
37:50
would be bricks all the way. But now, because Trump's in the
37:52
picture, you have a real leader. I ain't going to take shit too.
37:57
They're going to they'll rethink their options now they're going
38:00
to look at the pros and cons of everything with this deal.
38:04
Because I mean, me person, my opinion with with strong
38:08
leaders, I don't think bricks would survive.
38:12
But I could be wrong. We could be wrong.
38:13
Here's my take. I think it would.
38:15
Be better though. Hold.
38:17
On well, here's here's my if. The United States went back to
38:23
the gold standard. Yeah.
38:25
Do we have any gold? Are we ever going to do the Fort
38:27
Knox? Gold, I told you it's not in
38:29
Fort Knox. Fort Knox Fort Knox audit what?
38:31
What audit there's? No, there's no gold in Fort
38:35
Knox. I'm going to keep saying that
38:37
there's none. There might be.
38:39
Well, there's not. There might be some, but not
38:41
what you people expect. That's why they only value out
38:43
of $60.00 an ounce. Lance and.
38:44
That's why there's no audit. Is it kind of like the Epstein
38:46
files? Audit.
38:48
What's an audit? Audit Epstein files.
38:51
What Epstein files? All right, here's my take.
38:56
I think Saudi Arabia is very good at playing both sides of
38:59
the chess board. Of course, we know now it's
39:01
taking Juan for oil, which is dealing in Juan.
39:04
Of course, it's talking up bricks.
39:07
It's making headlines with all these, you know, Belt and Rd.
39:10
Initiative, China broker deals. But it's still doing all its
39:14
banking in dollars and it's arming itself through the
39:19
Department of Defense and the Pentagon and it's hosting U.S.
39:22
troops. If that's not a a fickle
39:25
mistress, it's just floating around between all her sugar
39:28
daddies. I don't know what it is, George.
39:31
I mean, this is clearly, you know, it's, yeah, this is she's
39:36
this is to me is the fickle mistress with all her little
39:39
sugar daddies. And she's over here with China
39:41
and she's over here with Russia and she's over here with the US
39:44
getting the best of all worlds. You know, they're, they're, you
39:47
know, they're sophisticated business people.
39:49
They've got a lot of money and they know how to use that
39:51
leverage. So sugar Daddy, can I have some
39:54
more please? Are you tired of winning?
39:59
Yeah. They're not tired of winning.
40:03
To find they, I mean Saudi. Arabia.
40:09
Listen, they got they got a lot of money.
40:13
I mean, and they're actually, you know, I will say I give them
40:17
props because they invest their money very wisely.
40:21
One thing that I'll say in that in that region though, and I
40:24
won't understand this is, is it Dubai or the UAE?
40:28
And they're bringing in Disney over there and it's hard to
40:32
understand because they're so against, you know, the gay stuff
40:36
and all that. It's like, and they're bringing
40:38
in Walt Disney. Disney better turn it around
40:41
quickly because their shareholders are not very happy
40:44
with that. I I guarantee you that wherever,
40:47
wherever I think it's in UAE, but or for Dubai, but wherever
40:52
that Disney place is, there ain't going to be no gayness in
40:55
there, no characters, none of that crap.
40:58
They won't allow it. No no, no pronoun.
41:00
Disney characters for the Dubai people.
41:01
What? Hell no.
41:05
All right, you know. It was China.
41:11
I got to tell you, I'm going to, I'm going to cover this, but I
41:14
don't believe this is accurate. I think this is fake news and
41:18
that's why I stuck it in here. Yeah, fake news.
41:21
But. But unlike regular mainstream
41:23
media, we're going to preemptively tell you this.
41:25
China's been promoting. They're saying that their
41:27
exports have surged as shipments to Southeast Asian countries
41:31
offset plunge in U.S. trade. I do believe this is accurate.
41:38
I think these are, these are fake numbers put out by China.
41:42
What I'm understanding from the shipping companies, all their
41:45
shipping is down. Specifically the US shipping is
41:47
down, but all their shipping is down.
41:49
And I, I went behind the scenes and I checked with a bunch of
41:53
the shipping companies numbers that were being posted to see if
41:57
this was accurate and I'm crying bullshit.
42:00
This is not accurate. They're talking about all their,
42:04
even though they're outbound shipments to the US plunged 21%
42:07
and I'm hearing it's more like 2728%.
42:11
And their imports, of course, dropped nearly 14%.
42:14
They're saying their exports in general jumped 81 point 1%,
42:19
according to the data released by their customs authority.
42:24
Now, Chinese government agencies are notorious for putting out
42:30
the information that the CCP tells them to put out.
42:33
I'm hearing this from shipping companies.
42:35
I'm not hearing from the Chinese shipping companies, but all the
42:37
other companies that all their shipping is down.
42:41
Why is that? Because there's a lot of
42:43
economies. It isn't all of a sudden that
42:45
the US economy is cutting shipments because of tariffs.
42:48
And of course, even our economies made it difficult
42:51
because of course a lot of people have suffered under
42:52
inflation. But that means that we're we're
42:55
not the only ones, guys. So when you see news like this,
42:58
I want you to think outside the box.
43:01
I want you to use your common sense and say, well, how can I
43:04
find out if this is really accurate?
43:07
And you do what I said. You go check with the shipping
43:09
companies. You go take a look at their
43:11
numbers and what they're posting, how their first quarter
43:14
of the year was, how their last quarter of the year was, And
43:17
you're going to see that the shipping is down, not up.
43:20
So how the hell are they landing these goods?
43:22
What are they sending them by? They must have one of the Star
43:24
Trek transponder, you know, transporters.
43:27
Beam me up some goods, Scotty. Yeah, it doesn't work like that.
43:32
It goes by ship or plane. Well, on our Tuesday segment
43:36
about China, we showed video and stuff about how the ports are.
43:40
Some of them are like obsolete. There's ghost towns.
43:42
George, can you pull up one of those videos?
43:44
Not right now, no. That'd be great if you could.
43:47
I'd like to share that. No, but what we in some of the
43:53
videos when we talk about people that plants manufacturers, they
43:57
said that they would have they would ship job ship to another
44:00
country to try to get the products to the United States.
44:02
So in it could be somewhat that what those numbers are
44:06
reflecting Lance, because they're in order to try to get
44:08
around the tariffs, they'll take the products from China, ship it
44:12
to another country and then from there ship it to US to get
44:15
around it. But I will tell you that the
44:17
shipping company's numbers are down.
44:21
So to me. Well, they're going to be down,
44:23
yes, but they're not going to be.
44:27
They're down a lot, yeah, but I'm just saying like slightly,
44:29
some of this manufacturer, not all of them are going to do it.
44:34
But all you have to do is if, if our custom agents, they look at
44:37
anything coming in and look where it's made.
44:39
Unless China is putting on fake stuff made somewhere else, you
44:43
never know with them bastards. Made in India, right?
44:47
Fresh on the shelf. Well, the Chinese government,
44:49
they're, they're definitely trying to help the exporters
44:50
divert sales to the home market. But the home market market's not
44:54
buying it. The home market economically
44:56
isn't doing well. Their real estate market is
44:58
tanked. Their, their, their, their,
45:02
their savings rate has gone way down.
45:04
The Chinese have notoriously had excessively high savings rates.
45:09
The people are living, they're living on less.
45:11
And I mean, don't get me wrong, they're pretty thrifty people.
45:13
They do a good job of it. But I think they're going to
45:16
drive themselves into deeper deflation.
45:20
So that's really important. But I do believe that the
45:23
Chinese government is going to try to settle this trade war as
45:25
quickly as possible. But I can tell you they're not
45:28
going to settle it to their benefit because Trump isn't
45:31
going to do that. They've been, they've been
45:32
taking advantage of us for too long and he wants to see
45:35
manufacturing come home. But of course, to see
45:37
manufacturing come home, we're going to have to get on top of
45:40
our inflation here and our high-priced homes and our
45:44
excessive high-priced rents. And I think what Donald Trump
45:47
really has to do if I'm going to give advice to the
45:49
administration, stop BlackRock and all these companies from
45:53
buying up all the rental properties, from buying up all
45:56
the residences. Tell them that's it.
45:58
We're going to come up to you for a monopoly.
46:00
If you monopoly laws, if you continue, we're going to break
46:03
you up. They have to stop them from
46:05
buying up all the pricing the homes because they're driving
46:08
these rates into the roof. I think that the the prices of
46:11
homes in Colorado is ridiculous. A piece of shit sells for. 300
46:15
you want some crazy and I think I forget who sent it to me house
46:21
close to my area. Yeah, went 51% over the asking
46:25
price. I I mean, how's that you think
46:27
about that? It doesn't make any sense.
46:29
And it doesn't. But it it wasn't a great house.
46:31
There's like people are just bidding for this stuff.
46:34
I doesn't. How do you even find you have to
46:36
pay cash? You can't even get a mortgage on
46:38
a house if you pay 51% because asking prices usually equal to
46:42
market value or appraised value. I don't know.
46:44
You know, but but that's with point.
46:46
The desperation for homes is being driven by these big
46:50
conglomerates buying up all the properties.
46:52
Donald Trump, you got to put an end to that.
46:53
This is a personal message to you and the administration.
46:56
Stop even need to tell them, hey, you got to put that to an
46:58
end. That division's got to stop.
47:00
You can invest in other things, but that's over with.
47:02
Stop. You guys have enough.
47:04
You need to stop Colorado. It's ridiculous.
47:07
The prices of houses here, garbage is is like 300 and 5400
47:10
thousand. I mean garbage.
47:13
Yeah, I mean, it is what it is. Yeah.
47:17
I want to move on bigger and better things.
47:19
I'm tired of China. Fuck China.
47:21
China. We got Coinbase.
47:24
Yeah, right. They just bet 2.9 billion on the
47:27
future of Bitcoin. Oh, my God.
47:29
On Wall Street, you're going to. They they they should be
47:32
shitting in their pants. They should be nervous.
47:35
That's a big 2.9 billion. Oh my God.
47:38
That is a big. That's a big That's the biggest
47:39
power play yet, right? Yeah, and we're talking about
47:42
them striking a, you know, $2.9 billion deal to acquire, acquire
47:46
Durabit. Unless you've been living under
47:48
a rock, you probably know that the Durabit's the largest
47:51
Bitcoin options exchange out there.
47:54
Wall Street was dead asleep on this one.
47:56
They just locked in the infrastructure to become the
47:58
cryptos dominant derivatives Titan.
48:01
So I can tell you the Coinbase, that is their plan Durbet and if
48:05
you guys know this, they're Panama based platform, they're
48:08
built for institutional level options trading.
48:11
They've got over 90% market share in Bitcoin and Ethereum
48:14
options. Think about that, 90% market
48:17
share in Bitcoin and Ethereum options.
48:19
And now Coinbase has that. And I think the secret sauce in
48:22
this, in my opinion, is they have this lightning fast
48:25
matching engines for it's got really low latency AP is and
48:30
iron got ironclad guaranteed liquidation systems built for
48:34
specifically for professional traders.
48:36
So there's never any lack of liquidity.
48:39
So with this, Coinbase is just becoming a monster.
48:43
They've got this Durbis, you know, turbocharged back end.
48:47
I think this is going to be the birth of the first truly global
48:50
vertically integrated crypto exchange for both spot and
48:54
derivatives. And I think this is what we're
48:56
looking for out of Silicon Valley.
48:58
These are the kind of unstoppable hybrids that you
49:01
create trust, I think and incredible high speed
49:04
transactions. It'll be interesting because
49:07
this has basically been for institutional investors.
49:08
I wonder if Coinbase is going to open it up to the regular
49:12
traders on their platform. And my statement is, yes, I
49:16
think they are. So I think this is, this isn't
49:18
just a buyout, this is it's a signal, another fire signal,
49:22
George. This does but this listen, this
49:25
is just making Coinbase more than a brokerage firm right now.
49:28
It's making it a crypto clearing house and a market king maker.
49:32
You know, when I think of when I look at Wall Street, right, and
49:37
how they're just, you know, falling asleep on this, it, it
49:41
may, it reminds me of politicians, these old
49:44
politicians who are just so antiquated in their ways that
49:47
they don't see what the future is.
49:50
And this is what it reminds me of because it's like, well, I
49:56
think Wall Street's actually banking on like crypto not going
49:59
anywhere. Lance.
49:59
I, I don't know what they're thinking.
50:01
I'm I would love to figure this. I'm going to tell you what
50:03
they're missing here and I'm going to give this to the
50:05
audience. This is why you want to be
50:06
paying attention to a better house like.
50:08
Maybe it's better than Wall Street.
50:09
It might be. It might keep a.
50:10
Decentralization. But here's what's important to
50:12
know. You have to look at what they're
50:15
getting for this. 2.9 billion people are like, oh, that's a
50:17
lot of money. They're getting 1st to get
50:19
access to what I believe is over a $20 billion open interest, you
50:23
know, from all the institutional traders, right?
50:25
So you're talking about $20 billion worth of trading.
50:27
They're getting instant dominance in the crypto options
50:30
market, OK. And they're saying that market
50:33
and when you know about the crypto options market, they're
50:35
saying that market is going to grow 10 to 20 fold by 20-30.
50:40
That means 10 times where it's at or 20 times where it's at.
50:43
In exchange, you're getting direct exposure through this
50:46
this merger to to non-us markets, Durbits offshore
50:50
licensing and clientele. They've got clients all over the
50:53
globe where Coinbase is now getting access to all them.
50:56
So they're getting a new built in customer base in the
50:59
Coinbase. And you know, I think when you
51:01
start looking at this, Coinbase is really trying to hedge
51:03
against US regulatory issues. You know, any kind of gridlock
51:07
by having an established offshore derivatives powerhouse
51:11
that doesn't have to comply with 100% of the SEC crackdowns or
51:16
any harder US based derivatives legislation.
51:19
You now have this Plan B for Coinbase, which if they decided
51:23
to, they could move everything offshore and that takes them out
51:26
of the claws of the SEC because let's face it, most traders are
51:30
dealing with a lot of the offshore wallets and offshore
51:32
enemies. I think this makes Coinbase more
51:34
than a brokerage. I think this is just like you
51:37
said, George. I think Kingmaker is the right
51:39
combination of words. This is a big deal, and you got
51:42
to look into the crystal ball, right?
51:44
Crucial options are definitely the future.
51:46
Yeah. And they're definitely the
51:47
future of institutional risk management.
51:49
And who and whoever controls them controls the Kingdom,
51:53
George. It does, you know, Lance, and
51:56
it's funny because I was just we're just talking about like
52:00
Wall Street and the old politicians brings us to our
52:05
next thing. Why the US Senate, they blocked
52:08
stable coin legislation over what?
52:12
Over Trump, a meme coin that he's not involved in his family.
52:16
All his assets are turned over to his family.
52:18
He's got he's not in charge of him just like he did the last
52:21
time. But these these politicians, you
52:24
know, this bill was to promote stable coins.
52:26
You know, it was blocked. This was on Thursday over.
52:29
It's over. Just bullshit political
52:31
disagreements. Congress once again can't get
52:34
out of its own way and they're impacting the growth of the
52:37
crypto market and digital asset market here in the United
52:40
States. Every time they do this and they
52:42
try to use Trump, Trump, Trump, Trump, Trump, Trump, Trump,
52:44
Trump for their justification, it just continues to enforce the
52:47
fact that Congress is a worthless sack of shit.
52:51
It doesn't matter what side of the aisle we are on.
52:52
Get non political on this show. This is a finance show and we
52:55
want the best for your finances. We want you to have generational
52:59
wealth. We want you to be highly
53:00
successful. We want you to know everything
53:02
you need to know. That's why we have the Crypto
53:04
Power Hour, 3:00 PM today. You want to tune in for that?
53:07
Got a great guest and you're going to want to hear what he
53:08
has to say about the marketplace.
53:11
I'm telling you right now that this is the problem with
53:14
Congress. You've got all this BS.
53:17
It's always Trump, it's always Doge.
53:19
Oh, it's they can't get out of their own way.
53:21
This bill is good for the country, it's good for America.
53:25
And this stable coin legislation, the strategic
53:27
reserve are all important. What, George, what is up with
53:30
Mike Johnson? Can this pussy ever get anything
53:33
done? It's not Mike Johnson, it's the
53:34
Senate. This has nothing to do with Mike
53:36
Johnson. This is the Senate.
53:38
Yet 2 Senate Republicans. Good point.
53:41
You need 60 votes, first of all, and but the Republicans only got
53:46
48 votes, so we have what, 54 what?
53:50
Happened to our control of the of the Senate.
53:54
Well, we have 5354, but you still need 60.
53:57
So you're going to need some Democrats to jump on board of
54:00
this. But you know, you have people
54:02
like Warren, Senator Warren, you know, she's just calling it all
54:06
blatantly corrupt because of the Trump meme coin.
54:10
But it's got nothing to do with Trump.
54:13
But how many Republicans opposed the bill?
54:15
You had Rand Paul again. Here's Rand Paul and.
54:18
What is with him lately? But surprise, I'm surprised
54:21
about this one, Josh Hawley. But here's the thing to get it
54:25
off the floor and actually bring there was actually Democrats and
54:28
Republicans that actually worked on this bill, believe it or not.
54:32
So there was bipartisan effort, but you still have these other
54:35
holdouts. So in order to advance it to get
54:38
off the, you know, to get it on the floor and actually people,
54:42
they can now, you know, if they want to make changes or
54:43
whatever, but they can't do that because they they can't even
54:46
vote on that. It's just no matter what Trump
54:49
does, they're going to just knock it down.
54:53
That's why it was so important, you know, for our financial
54:57
future, for our future. But even financial was the
55:00
security elections because it's just this is what happens.
55:04
I didn't want to know what's going to happen in 2026 with the
55:08
midterms. I don't even.
55:11
Nothing's yet done. We'll see what happens, Lance.
55:13
I don't know. Yeah, it's crazy.
55:15
All right, well, listen, that's a wrap for today.
55:17
Of course, the Global Finance Forum is here.
55:19
It's the number one finance show on Rumble.
55:21
You can probably see why. Now.
55:23
We're going to tell you like it is.
55:24
We don't care the politics behind it.
55:26
We want to give you the best advice for your finances here on
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55:30
Every Friday, 1:00 PM, of course.
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Crypto Power Hour, Wednesday's at 3:00 PM and today at 3:00 PM.
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Friday's at 3:00 PM. Number one crypto show on
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You don't want to miss that episode.
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And if he didn't catch our early episode today with Martha fame,
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true Washington, DC and Mar a Lago insider, you want to go
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Amazing. She's incredible, gorgeous,
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56:22
All right, George, last words on the way out of the gate, buddy.
56:25
This was #2 #3 at 3:00 Crypto Power hour.
56:29
We'll see you there. If not, have a blessed weekend.
56:32
Love you guys. All later Gators.
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