Latest / Simply Bitcoin / Banks Took $420B in Bailouts?! Now They Fear This $6 Trillion Threat | Bitcoin Simply

Transcript

Banks Took $420B in Bailouts?! Now They Fear This $6 Trillion Threat | Bitcoin Simply · Simply Bitcoin

0:00
Cracks are beginning to show in the banking system as all of the
0:03
big banks release poor earnings and Donald Trump is coming after
0:06
one of their biggest profit centers, credit cards.
0:09
And like always, the big banks are too big to fail.
0:12
Since June 30th of last year, the Fed has provided $420
0:16
billion in bailout dollars to the banks.
0:18
Meanwhile, none of us are getting paid on our deposits,
0:21
which they're earning 5% on. And This is why stable coins are
0:25
a threat to Jamie Dimon and JP Morgan, to Brian Moihan in the
0:28
Bank of America. Stable coins going to wipe out
0:30
$6 trillion in value from the banking system.
0:33
Try to make and if you look at some studies, I think we're done
0:35
by Treasury is that they say you can see upwards of $6 trillion
0:40
in, in deposits flow, you know, off the liabilities of a banking
0:45
system to the as the deposits into the stable coin
0:50
environment. So what did they do?
0:52
Well, they tapped Senator Warren and the other paid politicians
0:55
to sabotage the market structure bill.
0:57
There were 38 amendments issued to the market structure bill
1:01
just a day before their Senate Banking Committee, and Coinbase
1:03
CEO Brian Armstrong wasn't having it.
1:06
Coinbase pulled their favor and their support from the bill,
1:08
basically torpedoing the underhanded plan of Senator
1:12
Warren and the paid politicians. Today, I'm going to take us on
1:15
the inside of this battle happening in Washington.
1:17
I'm going to bring you even audio clips of the executives of
1:21
these banks saying why stable coins is a major threat to their
1:24
business. And I'm also going to show you
1:25
that they're not hiding the fact that they're paying trade groups
1:29
in order to lobby for legislation in their favor.
1:31
Gosh, our system is so corrupt, and that's why we need a new
1:34
one. Let's look at why they're so
1:35
afraid of stable coins in a Bitcoin.
1:38
This is Dante Cook with Bitcoin. Simply, let's go.
1:44
I've got a few massive stories that are dropping today that no
1:47
one else is talking about. Since June 30th of last year,
1:50
the Fed has issued over $420 billion to the large banks in
1:55
the name of the Troubled Asset Relief Program, or we know that
1:59
as TARP. Yeah, the bailout program from
2:01
the financial crisis in 2008 that was created to provide an
2:05
unlimited backstop to the big banks.
2:07
Oh yeah, And the $420 billion that have been issued to the big
2:10
banks since June 30th of last year, Well, that's 60% of the
2:14
total amount that was issued to bail out the entire system in
2:17
2008. And the crazy part is they're
2:19
getting paid 4 and 5%, but yet a study revealed that they're only
2:23
paying Americans an average of .14% in interest.
2:27
So wait, they're holding our deposits, getting bailed out
2:30
with our money, and making money on the money that we're giving
2:33
them on both sides, and we're not getting any of it.
2:35
Make it make sense, right? It's all about power, access and
2:38
control. And the profit centers of the
2:40
banks are being attacked from all sides right now.
2:42
Let's look at mortgages where they can create money out of air
2:45
and earn interest of 7% from you and me on a monthly basis.
2:48
Well, annual home sales have fallen for three straight years
2:51
as few homes were bought in 2025 as 1995.
2:55
Major attack on their profits. Meanwhile, Donald Trump is
2:57
coming after their second largest profit center, which is
3:00
credit cards, where he's saying that he wants to put a cap on
3:02
credit card interest rates at 10%.
3:04
And another profit center, probably their biggest profit
3:07
center is bank deposits in fractional reserve banking where
3:11
they can hold your money, your deposits, lend them out without
3:13
actually having to account for them and earn money on it.
3:16
And This is why they're so afraid of stable coins and
3:18
crypto at large. One of the big bills that were
3:20
supposed to be coming out that was highly anticipated from SEC
3:24
Chair Paul Atkins and others was the market structure bill where
3:27
there would be clear and finite regulation for the approval and
3:31
the rollout of stable coins and crypto through the financial
3:34
system, which was going to make the United States the global
3:36
capital leader in this area. And yesterday, some turn of
3:39
events happened. Coinbase CEO Brian Armstrong
3:42
said that he is not in favor of the new amendments and bills.
3:44
Oh, yeah, that's because 38 amendments were filed just a day
3:47
before from Senator Warren and her paid politicians and goons
3:50
to sabotage all the work that Senator Lemus and other people
3:54
have put in over the past several years on these sorts of
3:57
bills to make America the leader in this sort of innovation.
3:59
Let me give you a couple of them.
4:01
A ban on tokenized equities. Government getting access to all
4:04
of your financial records. Removing the crypto industry
4:07
from the CFTC or the commodities exchange in leaders to the SEC,
4:12
The financial markets which are controlled by the big banks, and
4:15
they're also killing rewards on stable coins, effectively
4:18
limiting Coinbase and others who are trying to get into this game
4:22
through the stable coin path. Well, I think the high level
4:24
principle here is that we can't really have banks come in and
4:28
try to kill their competition at the expense of the American
4:31
consumer, right? People in America should be able
4:33
to earn more money on their money.
4:35
I think stable coins are an opportunity for banks.
4:38
They should be able to build great product lines with this.
4:40
It's an opportunity for crypto companies.
4:43
You know, Congress and the laws that get passed, they should
4:45
really create a level playing field and say this is allowed,
4:47
this is not allowed. Now all American companies go
4:49
compete, try to build the best products and services.
4:52
That's great. What's not great is if the banks
4:55
can put their thumb on the scale to try to kill some of their
4:58
competition. And they only pay about, I don't
5:00
know, 14 basis points on the average savings account.
5:03
Consumers should be able to earn 3.8% on their stablecoin
5:06
rewards. And so we're going to keep
5:08
fighting for our customers rights and the 52,000,000
5:11
Americans who use crypto everyday I.
5:12
Mean what would you say to the argument that banks have put
5:14
forward that because of the role they play in the economy, the
5:16
loans that they make, if they do wind up seeing billions of
5:19
dollars, as some have estimated would happen, going from banks
5:22
to stablecoin, they say that could have a big impact on the
5:25
economy. What's your response to that?
5:27
Yeah. Well, banks don't have a
5:29
monopoly on lending money. Actually, crypto is doing quite
5:32
well in this area as well. And crypto's a technology to
5:35
update all parts of the financial system, whether it's
5:37
lending, capital formation, etcetera.
5:40
So I think banks do play an important role in the economy
5:44
and making these loans. Crypto should be allowed to do
5:48
similar types of activity. We're not engaged in fractional
5:52
reserve lending. That's an important point by the
5:53
way, because the bank license, what that really allows you to
5:56
do is fractional reserve, the banks don't have all of your
5:58
money there. That's why there's so much
6:00
oversight and you can have these runs on the bank stable coins
6:03
have 100% reserve, right And they're all all the assets now
6:07
post genius are held in this short term U.S.
6:09
Treasuries. So in my view it's actually a
6:11
safer place to store your money and crypto company should be
6:16
allowed to compete and offer loans just just like banks.
6:18
And why are bankers so scared? Well, here's the real fire.
6:21
I did some digging, bringing you straight alpha, listening to the
6:24
actual earnings calls from executives from JP Morgan and
6:28
Bank of America who talk about exactly why they're afraid of
6:32
stable coins and what they're doing in order to stop it.
6:34
Here's some clips from JP Morgan's earning calls.
6:37
Certainly makes our lives much easier.
6:38
From a modeling standpoint. I know that it appeared at least
6:42
in the 8K, that there was a small stub of tax advantage
6:46
investments where you didn't adjust the treatment.
6:49
So I wanted to just understand if that 20% tax rate is expected
6:54
to hold going forward beyond 2026 or if there's any potential
6:59
for very modest, but still a little bit of upward drift as
7:02
earnings continue to ramp? For now, I'd use the 20.
7:08
I mean, obviously hence the there are a small number of
7:12
deals that don't qualify for the treatment.
7:16
Now over time all of those are going to burn down and the
7:20
effective tax rate drifts up. But we'll be able to give you
7:23
more guidance on that as we go through the various years
7:28
that's. Great.
7:28
Thanks so much for taking my questions.
7:33
Thank you. We'll now move on to Gerard
7:36
Cassidy with RBC. Your line is now open.
7:40
Hi. Brian, Hi, Alistair.
7:41
It's interesting. Getting rid of stablecoins is at
7:44
the core of their advocacy. But what advocacy are they
7:47
talking about? Who's advocating right paying
7:50
off Politicians like the mob. They say they will compete, but
7:53
stablecoins offer a potential threat to the system that aren't
7:57
regulated in the same way that they are, AKA regulated in the
8:00
rules that we get to write. But Brian Moynihan, CEO of Bank
8:04
of America, says the quiet part out loud and.
8:06
If you look at some studies, I think we're done by Treasury is
8:09
that they say you can see upwards of $6 trillion in in
8:13
deposits flow, you know, off the liabilities of a banking system
8:18
to the life as the deposits into the stable coin environment.
8:24
So when you think about that, that takes lining capacity out
8:27
of the system and that that is the bigger the concern that
8:30
we've all expressed to Congress as they think about this is that
8:34
if you move it outside the system, you'll reduce lending
8:37
capacity of banks. That it particularly hurts
8:40
small, medium sized businesses because they're largely lent to
8:44
in consumers by the banking industry where capital markets
8:47
oriented companies go off into the market.
8:49
So I, I think you know, in the end of the, at the margin, you
8:52
know, the industry, you know, gets loaned up and if you take
8:57
out deposits, they're not going to either not going to be able
9:00
to loan or going to have to get wholesale funding.
9:02
And that wholesale funding will come at a cost that will
9:04
increase the cost of borrowing. And so that's the that's the
9:08
issue that people have to struggle about.
9:09
Stable coins are going to drain liquidity from the banking
9:12
system, $6 trillion worth. That's right, $6 trillion is
9:16
going to flow out of the banking system and remove lending
9:18
capacity, which he's going to say is going to be a threat to
9:21
small and medium sized businesses, as if small and
9:23
medium sized businesses can't go to other places in exchanges to
9:26
borrow the same money. But here's the scary part.
9:29
They're saying their playbook out loud.
9:31
But I think in the industry overall, I think it's something
9:33
that we've expressed concern as an industry and we can continue
9:37
to make sure that they see those issues as they are trade groups
9:41
and others as they work through the final legislation.
9:43
What will come out of it, I don't know in terms of
9:47
adjustments or thoughts about that and and they're working on
9:50
as we speak. And now we know what those trade
9:52
groups are working on as we speak to funnel legislation
9:56
through the proper paths to advocate on their behalf, not
9:59
the behalf of the consumer, not the behalf of the individual,
10:02
which is us. So rumors are started that
10:05
they're saying that they might be able to come to a deal if
10:08
they can agree on the yield part of the market structure bill.
10:12
But we know why that is because it disrupts their entire profit
10:15
center. And This is why we Bitcoin.
10:17
This is why we want to see stable coins come out.
10:19
Before we go any further, let's go to a Bitcoin lender that is
10:23
proving that you don't need the banks today.
10:25
Let it the leader in Bitcoin back loans, which allows you to
10:27
borrow against your Bitcoin without selling it.
10:29
They allow you to issue over collateralized loans, meaning a
10:33
2 to one value of if I want to borrow $500 in Fiat while I post
10:37
$1000 in Bitcoin. The process is so simple and so
10:41
fast. There are no credit checks
10:42
because it's either you have the Bitcoin and you don't and the
10:45
Fiat gets in your account in less than six hours.
10:47
This is completely transformative and disruptive to
10:50
the banking system. Oh, and unlike fractional
10:53
reserves, you can actually see where your Bitcoin is by just
10:55
looking at the address in the wallet.
10:56
This is why they have over 1005 star customer reviews.
11:00
This is why the process is so seamless, simple and fast and it
11:03
takes just two minutes to get started.
11:05
Go to learn dot LED and dot AO to get .25% off your first loan.
11:09
We got you hooked up. You don't need to go through the
11:12
big banks and one of the ways you can remove power from the
11:14
big banks is by removing your Bitcoin from their platform.
11:17
One of the ways you can do that is by hiring a coach so that you
11:20
can do that privately, safely, securely and confidently.
11:23
Work with the team at The Bitcoin Way to schedule a free
11:26
30 minute consultation and their team will walk you through step
11:28
by step how to remove power from JP Morgan, Jamie Dimon, Brian
11:32
Moynihan, Bank of America and all of the banks in general.
11:35
Go to thebitcoinway.com/simply Bitcoin to get started.
11:39
And the reason they're threatened by the stable coins
11:41
is if you open a bank account today, they're supposed to pay
11:45
you interest because they're holding your money.
11:47
And what they're doing with your money is they're lending you
11:49
that money out. Back in the day, you used to
11:53
actually get paid for that. Now you still technically get
11:56
paid, but the interest rate is like .01%.
12:00
Have you guys looked at your bank account and it's like
12:03
there's like one statement every month that says the interest
12:05
payment, it's like $0.05 or something like that.
12:08
That's they're worried because what they think is going to
12:13
happen is, and this is how, by the way, a lot of the stablecoin
12:16
providers, this is how they make the money that they do, right?
12:20
They get paid interest, right? That's how they that's how they
12:24
make money, right? They get, they buy U.S. dollar
12:27
equivalents like U.S. Treasuries and they get paid
12:30
interest for that. So if you were competing against
12:35
the banking system, what would happen?
12:39
And credit card companies, what would happen if all of a sudden
12:42
you said, wait a second, instead of us just collecting this 4%,
12:47
let's actually give 1% back to anybody who's using this stable
12:53
coin. And now all of a sudden, right,
12:57
that stable coin is a lot easier to use than a bank account.
13:02
It's paying you interest. There's no friction when you're
13:07
sending a wire overseas. It's instantaneous settlement
13:13
like anywhere around the world. You essentially are able to send
13:18
dollars instantaneously worldwide.
13:22
You could take custody of those wall of those dollars
13:25
themselves. You don't even need a bank
13:28
account technically. So what did the big banks do?
13:33
They knocked on the door in Washington and they said no, you
13:38
can't do. This the reason they're trying
13:40
to sabotage and to completely disrupt the stable coin
13:43
industry, because stable coins have built a better product
13:46
built on a Better Business model with better technology that's
13:50
more available to more people across the world without needing
13:53
bank branches in order to get off the ground.
13:55
They provided utility for people in all sorts of countries and
13:58
places that had debasing currencies and rapid inflation
14:01
where they had to store their money and their value in
14:03
dollars. Their systems are back to 1 to
14:05
1, unlike the banking system. And This is why this is such a
14:08
threat. They're giving back to the
14:10
people what's rightfully theirs. And here's another reason why I
14:13
think that people are so afraid of Bitcoin and stable coins in
14:16
general. It's because it disrupts the
14:18
inner circle of how power actually works in the world.
14:21
There's about 150 people that run the world.
14:23
Anybody who wants to go into politics, they're all puppets,
14:28
OK, There are 150 and they're all men that run the world,
14:34
period, full stop. They control most of the
14:37
important assets. They control the money flows.
14:40
And these are not the tech entrepreneurs.
14:42
Now, they they are going to get rolled over over the next 5 to
14:46
10 years by the people that are really underneath pulling the
14:49
strings. And when you get behind the
14:51
curtain and see how that world works, what you realize is it is
14:55
unfairly set up for them and their progeny.
14:59
Now I'm not going to say that that's something that we can RIP
15:03
apart, but 1st order of business is I want to breakthrough and be
15:08
at that table. That's the first order of
15:10
business. And the way that I do that is by
15:13
proving that I can do what they do as well as they do it and
15:17
then do it better than how they do it.
15:19
Because at the end of the day, they are commercial animals, OK?
15:24
And they'll open the door out of curiosity and they'll let me
15:26
stay because I, because I add value.
15:29
And then once I'm there, I can open the door for other people
15:31
who can try to do the same thing.
15:33
So my entire goal now is that is to be in a position to aggregate
15:38
enough of the capital of the world to then reallocate it
15:42
against my worldview. You know who's one of those 150
15:45
people that you and me aren't? Well, Brian Moihan, Jamie Dimon,
15:49
Larry Fink. These are the people that are in
15:52
the inner circle, that want to keep their inner circle small
15:54
for them, for their family, for their bloodlines, for their
15:56
generations. And that's why Bitcoin is a
15:59
threat, because if Bitcoin is allowed to run, if stable coins
16:02
are allowed to run, well, this disrupts their system in their
16:05
profit center. And this is a threat.
16:07
This is going to bring a whole new set of people to become the
16:09
most rich people in the world that are going to rewrite the
16:12
rules based on their beliefs in their systems, fair trade, fair
16:17
policies, transparency, no backdoor deals, things being
16:21
done in the open, democratization, access and
16:24
ability for everyone across the world.
16:26
There's going to be some major battles.
16:28
And I believe the frontier for the battles that are going to
16:30
happen in 2026 are going to be, from a regular standpoint, the
16:34
existing system versus the new system.
16:36
The question is, are you going to be willing to ride out that
16:38
sort of volatility? Because it's not going to come
16:41
without some collapses and some calamity.
16:43
And that's why we advocate that you subscribe to the channel so
16:46
you know exactly what's happening and you can be
16:48
prepared. One of the ways you can continue
16:50
to be prepared is by stacking stats consistently, not worrying
16:54
about the news, the cycle. One of the ways you can do that
16:57
is by stacking stats through Bitcoin mining, not setting up a
17:00
mining rigging machine in your own house, but actually buying
17:03
it. Get through a company like SAS
17:04
Mining where they're going to help you to mine the Bitcoin on
17:07
your own, where they're going to help you to mine the Bitcoin
17:10
through their hosted facilities with 100% carbon free renewable
17:13
energy. And there's no markups, there's
17:15
no minimum SAS flowing straight directly to your wallet.
17:18
Get started today by going to the QR code listed on the screen
17:23
and working with SAS Mining. This is Dante Cook with Bitcoin.
17:26
Simply happy stacking.