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IMF Warns Markets to “BUCKLE UP” | Is Bitcoin in Trouble?! | Simply Originals · Simply Bitcoin

• 0:00
  I feel a disturbance in the force as if millions of bankers
• 0:05
  suddenly cried out in terror. The IMF just said buckle up and
• 0:10
  prepare for economic uncertainty.
• 0:12
  Jamie Diamonds warning of a serious market correction.
• 0:16
  And apparently 2.3 billion has vanished from a major U.S.
• 0:20
  companies balance sheet. Is this Lehman Brothers 2 point
• 0:23
  O? We're breaking down the collapse
• 0:25
  of first brands, The contagion risk hitting Cantor Fitzgerald,
• 0:29
  BlackRock and spreading the end game for Fiat.
• 0:33
  And stick around because while the dollar is collapsing faster
• 0:36
  than Rome, Bitcoin payments are coming to millions of merchants
• 0:40
  thanks to Jack Dorsey and Square, possibly just in time to
• 0:43
  save the planet. We got a big one today.
• 0:46
  Like the IMF said, buckle up, let's do this.
• 0:54
  Let's start with the Spark First Brands Group, once a sleepy auto
• 0:58
  parts supplier. 5.8 billion in loans.
• 1:01
  Then it all unraveled. Creditors say up to 2.3 billion
• 1:04
  simply vanished. That's not hyperbole.
• 1:07
  In court filings, their own lawyers admitted.
• 1:10
  Do you know whether First Brands actually received the 1.9
• 1:13
  billion number one, we don't know.
• 1:16
  Number 20 dollars yes, $0.00 in segregated accounts gone.
• 1:21
  Poof the fallout. Jeffrey's stock is down 18%.
• 1:25
  UBS, BlackRock, Millennium, All exposed collateral pledge twice,
• 1:30
  thrice rehypothecated like a Wall Street shell game.
• 1:34
  Sound familiar? Well, it should, because that's
• 1:36
  exactly what blew up Lehman in 2008.
• 1:40
  And this time it's bigger because the rots inside private
• 1:44
  credit, the $2 trillion shadow banking system that nobody
• 1:48
  regulates. Well, the AI bubble distracts
• 1:50
  the world. The credit cycle is quietly
• 1:53
  detonating. Auto lenders like Tricolor gone
• 1:56
  now first, brands next. Who knows, maybe regional banks
• 2:00
  like Western Alliance already feeling the stress.
• 2:03
  The IMF's warning couldn't be clearer.
• 2:05
  Global growth faces mounting downside risks.
• 2:09
  Buckle up. Probably nothing.
• 2:10
  And then Jamie Dimon told the BBC quote, I'm far more worried
• 2:14
  than others about a serious market fall in the next six
• 2:17
  months to two years. That's the CEO of JP Morgan, not
• 2:21
  Peter Schiff on a bad day. And he's right.
• 2:24
  Metals are screaming run for your lives.
• 2:27
  Gold yet again. New record highs $500 moves
• 2:30
  collapsing from 1473 days to only 35 days.
• 2:35
  The cycles contract please see Weimar chart.
• 2:39
  Silver's up to 50 bucks. Copper, nickel even 10.
• 2:43
  All rising together. That is not a bull market.
• 2:47
  That is signs of a panic when golden stocks pumped together.
• 2:51
  The denominator is dying. It's the dollar collapsing. the
• 2:56
  Fed minutes dropped and they're terrified.
• 2:58
  Most members said it's likely appropriate to ease policy more
• 3:02
  this year. The real translation is that
• 3:04
  rate cuts are coming, but they don't really work anymore.
• 3:07
  Credit scores falling, biggest drop since 2009.
• 3:11
  Delinquencies on auto loans and credit cards at record highs.
• 3:15
  Echo admits data more consistent with the recession than
• 3:18
  expansion. Gen.
• 3:19
  Z is getting wrecked. 14% lost 50 points or more and 29% of
• 3:25
  student loans are already delinquent.
• 3:28
  This is how a credit based economy dies, not solely from a
• 3:32
  liquidity crisis but from borrower crisis.
• 3:35
  Now check out this chart. The Roman Empire debased its
• 3:38
  currency for 250 years before collapse.
• 3:41
  The dollar has lost the same value in just 100.
• 3:45
  That's more than double the pace.
• 3:46
  Gold and stocks rising together is the final signal.
• 3:49
  Every Fiat system in history ends this way, and they all
• 3:52
  think they can print their way out of it.
• 3:55
  If we're in a sovereign debt crisis, and I think we are, and
• 3:58
  if we're going to have a lot of inflation, I think we do.
• 4:00
  And if we're going to go to have a monetary reset, they're going
• 4:03
  to be real winners and losers. And you're not going to get a do
• 4:06
  over, You know, you're not going to get a do over.
• 4:09
  It's not going to be like, oh gosh, I missed it.
• 4:11
  Maybe I'll, you know, I mean, it's like we could wake up one
• 4:13
  day and the government can say, you know, we're going to a gold
• 4:15
  standard. We're taking the price of gold
• 4:16
  up to $20,000. We either own gold and gold
• 4:19
  mining stocks or you don't. They're going to go enormously.
• 4:22
  Same thing with Bitcoin. I mean, you know, the US could
• 4:24
  say we're going to do a strategic Bitcoin reserve and
• 4:26
  the Bitcoin price could triple. Well, if you don't have any, you
• 4:29
  don't benefit from that. So there will be, you know,
• 4:32
  because of the risk of monetary debasement and the fact that
• 4:35
  there will be no do over, I would just strongly encourage
• 4:38
  all of your listeners to have some allocation of their wealth
• 4:44
  into things that the government can't print.
• 4:47
  The government can't print gold, government can't print silver,
• 4:49
  government can't print Bitcoin, and the government can print
• 4:52
  dollars. And they're going to print a
• 4:53
  shit load of dollars in my opinion.
• 4:56
  IMF says brace for volatility, Diamond says brace for war,
• 5:00
  Larry and I say brace for Bitcoin.
• 5:03
  And we have massive news on Bitcoin payments going
• 5:05
  mainstream and just in time for America to Weimar itself.
• 5:10
  But before we bring it home today, look at our likes 3 or 4
• 5:15
  times. Maybe I'll pump those numbers
• 5:17
  up. Those are rookie numbers in this
• 5:18
  racket. Let's take a quick second for
• 5:20
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• 5:23
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• 5:24
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• 5:33
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• 5:39
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• 5:41
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• 5:43
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• 5:46
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  first loan. Here we go.
• 6:08
  So while Wall Street is still re hypothecating debt and losing
• 6:12
  track of billions, Jack Dorsey just made Bitcoin the default
• 6:15
  for 4 million businesses. Square announced every merchant
• 6:19
  can now auto convert a portion of sales into Bitcoin.
• 6:22
  They can buy, sell, withdraw and starting November 10th accept
• 6:26
  Bitcoin payments through their terminals.
• 6:29
  If even 10% of squares 4 million merchants opt in, that's 400,000
• 6:34
  new Bitcoin treasuries overnight.
• 6:36
  Jack Dorsey said it best. I want everyone in the world to
• 6:40
  not have to ask for permission to move money.
• 6:43
  How do you feel about the concept of nation state
• 6:46
  reserves? Well, I think it's good for the
• 6:49
  nation state. I don't know if it's necessarily
• 6:51
  good for for Bitcoin. It's probably good for Bitcoin
• 6:53
  holders in the moment that the month the Bitcoin is bought.
• 6:57
  But like if, if this, if this ends up just being digital gold,
• 7:03
  I think it's failed. I I don't think it has a life.
• 7:06
  If it ends up being a currency that people can use on a daily
• 7:09
  basis, then it succeeded. You have to go back to the white
• 7:11
  paper. This is P2P electronic cash and
• 7:15
  we have not, we have not realized that yet.
• 7:18
  And that's why I'm in it. I'm not in it to create digital
• 7:22
  gold and, and just, you know, watch, watch a number go up.
• 7:26
  Like I want to be able to use it.
• 7:28
  I, I want everyone in the world to not have to ask for
• 7:32
  permission to move money and to have to ask their bank whether
• 7:37
  they can deposit something or withdraw.
• 7:42
  And I don't know, like it's if we don't achieve that, like to
• 7:49
  me it's, it's a failed project and we should move on to
• 7:51
  something else. What would what would stop it
• 7:55
  from being used from payments at this point?
• 7:57
  Or what? What would relegate it to just
• 7:59
  being digital gold in your opinion?
• 8:03
  Well, no one uses it as payments.
• 8:06
  Like that's it. And if it's not, if it's not
• 8:14
  accessible in that, in that sense, like if people don't
• 8:18
  understand how to use it as payments, if it's not easy, if
• 8:22
  merchants aren't accepting it, all these things will compound
• 8:25
  into people just not seeing it as as relevant money and instead
• 8:29
  of, you know, just being this digital gold rock.
• 8:33
  Bitcoin is the escape hatch built for this moment.
• 8:35
  As the Fiat world burns its trust, Bitcoin builds it.
• 8:39
  Institutional floodgates are open, The private credit House
• 8:42
  of Cards is collapsing, and meanwhile, the hardest asset on
• 8:45
  earth keeps absorbing capital. People are asking, is this bad
• 8:49
  for Bitcoin? No, This is why it exists.
• 8:52
  It was born from a banking collapse, and it'll thrive in
• 8:55
  the next one, IMF says buckle up.
• 8:58
  Jamie Dimon feels the disturbance in the forest.
• 9:01
  First Brand shows us how fragile the House of Cards really is.
• 9:04
  Gold's gone, vertical silvers at 50 bucks and the dollars
• 9:07
  cracking. And right on queue, Bitcoin
• 9:11
  payments go live for millions of businesses.
• 9:14
  Coincidence are all part of the global financial transition.
• 9:18
  Let us know what you think below.
• 9:19
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• 9:45
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• 9:48
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• 9:53
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• 9:55
  stuff coming your way this weekend.
• 9:56
  So stay tuned. I'll see you Monday.
• 9:59
  Love you guys. If you prefer to go down with
• 10:02
  the ship. You.