Latest / Simply Bitcoin / Bank Collapse Incoming? Here’s What They’re Not Telling You | Beyond Bitcoin

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Bank Collapse Incoming? Here’s What They’re Not Telling You | Beyond Bitcoin · Simply Bitcoin

• 0:01
  It's Saturday. Your phone buzzes.
• 0:04
  Your card's been declined, not because you're broke, but
• 0:07
  because the bank is reviewing activity.
• 0:10
  You can't move money, You can't pay anyone.
• 0:13
  You can't fix it till Monday. So let me ask you something
• 0:16
  simple. If your money only works on
• 0:18
  banking hours, is it actually yours?
• 0:21
  Imotions. This is beyond Bitcoin.
• 0:23
  Let's go. Actually, this is a Citibank.
• 0:28
  It's not beyond Bitcoin. Got to do something about that.
• 0:37
  For most people, the banking system feels boring and
• 0:40
  automatic. It happens in the background.
• 0:43
  You know, like all those crazy Chachi PT calculations that are
• 0:46
  somehow profiling me and selling my data so Amazon can sell me
• 0:50
  yet another wireless Super Nintendo controller.
• 0:54
  But I digress. You work, you get paid, you
• 0:57
  swipe a card. End of story.
• 0:59
  But the system behind the curtain only exists when things
• 1:02
  are calm. When pressure hits political
• 1:04
  pressure or regulatory pressure, cultural pressure, the system
• 1:07
  reveals what it actually is. Banks don't exist to serve you.
• 1:12
  They exist to manage risk for themselves, obviously.
• 1:16
  And when you become the risk, access disappears.
• 1:19
  What's changed in the last few years isn't just the technology,
• 1:23
  it's the behavior. Banks stopped pretending they
• 1:25
  were utilities, and they started acting like enforcers.
• 1:29
  And this was no more apparent than the recent story of
• 1:32
  President Trump and his family being debanked overnight by JP
• 1:36
  Morgan. Take a look.
• 1:37
  But the banking of President Trump and his business is a
• 1:39
  really broader issue. No one should be denied
• 1:42
  financial services due to their religious or political
• 1:45
  ideologies. I I find it very sad that we're
• 1:47
  discussing this ironically on Martin Luther King Day, frankly,
• 1:50
  who was a civil rights leader? Why would JP Morgan all of a
• 1:54
  sudden decide that they no longer want President Trump's
• 1:57
  business? He had billions of dollars,
• 1:59
  hundreds of millions of dollars with JP Morgan accounts, and he
• 2:03
  was given approximately 20 days, according to the president, to
• 2:06
  remove these funds due to, quote, compliance risk reasons.
• 2:10
  It's just simply too hard to believe.
• 2:12
  This wasn't the result of pressure from federal
• 2:14
  regulators. And we need to look into it.
• 2:16
  And it's not for President Trump.
• 2:18
  It's for anybody. You should not be accused or or
• 2:22
  denied the right to bank based on what you vote, who you vote
• 2:26
  for, and what you believe. Denied the right to bank.
• 2:29
  This matters because it sets president If banks can deny
• 2:32
  service based on who you vote for, then money is no longer
• 2:36
  property. It's permission, not.
• 2:38
  Only was ID bank. So many people in this country
• 2:40
  are D banked and every every day millions of people around the
• 2:43
  world are D banked for no reason whatsoever.
• 2:44
  I happen to be D banked because my father wore a hat that was
• 2:47
  read that said make America great Again.
• 2:48
  And I started getting letters. I got a letter from Capital One
• 2:51
  effectively closing 300 of our corporate accounts.
• 2:53
  I got a letter from JP Morgan Chase closing 52 of our our
• 2:57
  corporate accounts. I got letters from Bank of
• 2:59
  America. These are the largest financial
• 3:00
  institutions on on earth closing our accounts for no reason.
• 3:03
  These are golf courses, these are condominium associations,
• 3:05
  these are hotels, These are restaurants that we have in the
• 3:07
  portfolio. They didn't give a damn.
• 3:09
  They wanted to take the rails out from under us.
• 3:12
  They they wanted to debank us. They wanted to de platform us
• 3:15
  and they want to hurt us. And, and I realized very quickly
• 3:17
  that the very same people who are coming after us, those banks
• 3:20
  were also going after, you know, people in cryptocurrency who
• 3:22
  just wanted to improve the system.
• 3:24
  You know, why is it that you can't send a wire transfer after
• 3:27
  5:00 on a Friday afternoon right now?
• 3:29
  Now, that makes complete sense to me as a business guy, right?
• 3:31
  JP Morgan wants to hold your money, you know, for, you know,
• 3:33
  72 hours over the course of the weekend.
• 3:35
  They want to take the interest associated with 10's and 10s of
• 3:38
  billions. Of dollars that.
• 3:39
  Are sitting in purgatory, you know, is that fair to the
• 3:41
  average consumer? And, and by the way, is, is that
• 3:43
  financial freedom? You literally can't move your
• 3:45
  money for a 48 or 72 hour period of time.
• 3:47
  It's insane. It's asinine, right?
• 3:49
  And, and so you know in cryptocurrency you can be you
• 3:51
  can move unlimited amounts of money for virtually 0 fees.
• 3:55
  No middleman, no, none of these crazy exorbitant banking fees at
• 3:58
  11:00 on a Saturday, you know, from from your cell phone while
• 4:01
  having a glass of, you know, wine with your your husband or
• 4:04
  or your wife. Isn't that financial freedom?
• 4:06
  Isn't that modern finance? I would say that is pretty
• 4:08
  modern finance. Notice what's missing from Eric
• 4:10
  Trump's story. He didn't commit a crime, they
• 4:13
  weren't found with fraudulent activity, and there wasn't any
• 4:16
  due process, just a blanket infrastructure removal,
• 4:19
  financially deplatformed. The bank's recent activities are
• 4:22
  showing us just what kind of powers that they can express,
• 4:26
  and these are powers we never really thought not about until
• 4:29
  now. I.
• 4:29
  Mean the the big banks have been an absolute monopoly of our
• 4:32
  financial system for for years. You and I have joked about it
• 4:35
  1000 times. You know, why can't you send a
• 4:36
  wire transfer past 5:00 on a on a Friday afternoon?
• 4:39
  You know why? Because the big banks would love
• 4:40
  to take, you know, hundreds of billions of dollars and have it
• 4:43
  sit there and clip interest off of it over the course of a long
• 4:45
  weekend. You know, as opposed to Lane,
• 4:47
  you just efficiently move that money using modern day
• 4:49
  technology. You know and.
• 4:51
  Having a separate wallet 2 seconds later, they they want to
• 4:53
  be able to use their money, they want to be able to arbitrage
• 4:55
  your money. And so, you know, the big banks
• 4:57
  are doing everything they can to stop some of the crypto
• 4:59
  legislation for obvious reasons. Why?
• 5:01
  Now, this may be a reality for big time names like the Trump's,
• 5:04
  but what happens when these forces start coming after me and
• 5:08
  you? And once you realize this, you
• 5:10
  start to see the absolute value proposition that is Bitcoin.
• 5:14
  A money that lives outside of the control of the banks and the
• 5:16
  government. A money that you yourself can
• 5:19
  own and protect. Banks don't stop stop moving
• 5:21
  money on weekends because of safety.
• 5:23
  They stop moving money on weekends because that delay is
• 5:27
  profitable. And this behind the scenes
• 5:29
  activity is no more apparent than what's going on with the
• 5:32
  Fed right now. Just take a look at this recent
• 5:35
  clip from David Malpass, former World Bank president, who spoke
• 5:38
  on Squawk Box. Take a look.
• 5:41
  Yeah, it's a worrisome. You know, the Fed basically has
• 5:44
  become now just a giant hedge fund.
• 5:46
  It's lost a trillion dollars, you know, and counting.
• 5:49
  It's going to be a, a gigantic loss.
• 5:51
  What it does is borrows money at 5.4% from banks and then dumps
• 5:57
  it into government bonds. So think what that trade does
• 6:00
  that causes the government to think that it's better off than
• 6:03
  it is. And so that encouraged and the
• 6:07
  government to be short when rates were zero.
• 6:10
  So why did the government, you know, borrow so much in T-bills?
• 6:15
  Well, because the Fed was buying the bonds and it made it look
• 6:17
  like yields were going to stay low for remember the low for
• 6:20
  long phrase. So we've got these multiple
• 6:23
  problems that are going on and it it endangers the dollar.
• 6:27
  So that's the basic case. If you're beginning to
• 6:29
  understand there's something else going on behind the
• 6:32
  curtain, then you'll also understand why it's crucial to
• 6:34
  have access to communication outside of this system.
• 6:37
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• 6:40
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• 6:43
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• 6:47
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• 6:50
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• 6:52
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• 6:56
  use the promo code Simply for 15% off your entire purchase.
• 7:00
  Bitcoin teaches us the importance of staying sovereign
• 7:03
  outside of our failing financial system.
• 7:04
  And with sat123.com, you can stay sovereign outside of your
• 7:07
  network as well. If the banks control access and
• 7:10
  the Fed controls liquidity, then there's really only one question
• 7:13
  left. Who actually owns the money?
• 7:15
  The bitcoinway.com exists for one reason, to teach you how to
• 7:19
  take custody seriously. Not price predictions.
• 7:22
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• 7:25
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• 7:30
  consultation. Because self custody is really
• 7:32
  the only way. And that's the bitcoinway.com.
• 7:35
  How do you pay your taxes? How do you pay your employees?
• 7:38
  This happened across the board. It happened with JP Morgan
• 7:40
  Chase, it happened with with Bank of America, it happened
• 7:43
  with First Republic. And this wasn't just happening
• 7:45
  to the Trump's people with a lot of zeros.
• 7:47
  On the other, this was happening to conservatives all over the
• 7:49
  country. We didn't have a damn choice.
• 7:52
  So before my father, you know, won the election, before my
• 7:55
  father was in office, we started getting into cryptocurrency.
• 7:58
  The people in cryptocurrency were being debanked just like
• 8:01
  Trump was being debanked. And you know what?
• 8:03
  It's become the fastest growing industry anywhere in the world.
• 8:06
  It's actually removed a lot of the power from the big banks who
• 8:09
  have weaponized their platforms against the American people.
• 8:12
  And I could not be more proud to be.
• 8:14
  New systems like Bitcoin have to win.
• 8:17
  Why? Because they're better than
• 8:18
  paper, and because the old ones leave people no alternative.
• 8:21
  I am a firm believer that it's going much, much higher from
• 8:25
  here. Think about corporate adoption.
• 8:27
  Corporate adoption is probably only about 2%.
• 8:32
  Central banks only about 3%. Those are both going higher,
• 8:37
  much higher. Retail investors going much
• 8:39
  higher. So look at it through I'll, I'll
• 8:42
  leave off with this. Look at it through the market
• 8:44
  cap of, of Bitcoin, that's around 2 trillion.
• 8:48
  Let's say look at the market cap of gold, that's around 20
• 8:52
  trillion. Maybe it doesn't have to be
• 8:54
  gold, but if it closes the gap to 50%, you're looking at
• 8:59
  $500,000 per Bitcoin. And I do think that in eyeshot
• 9:05
  you're looking at two 5300 and 50,000 pretty easily.
• 9:11
  For crypto, there's a couple of things, a couple of hurdles, but
• 9:14
  I think those days of it losing 80% of its value and then
• 9:17
  rallying up are long gone. There's too many people that are
• 9:20
  looking for the asset. That's $500,000 per Bitcoin.
• 9:25
  Wait, that's only half of $1 million Bitcoin.
• 9:28
  That ain't bullish. Anyway, the writing is on the
• 9:30
  wall, folks. More and more talking heads much
• 9:32
  smarter than myself are appearing on Squawk Box calling
• 9:35
  for all kinds of crazy Bitcoin prices in the near future.
• 9:38
  And like Cameron Diaz says. That means something.
• 9:41
  And if the old guard will keep freezing bank accounts and
• 9:44
  cutting people out of its system, then there might just be
• 9:47
  something to those predictions. The days of obscurity and people
• 9:51
  getting de platformed with no one to consult with on the other
• 9:54
  end are coming to an end. Two more things.
• 9:58
  That. The Department of Commerce is
• 10:00
  going to start issuing its statistics on the blockchain
• 10:04
  because you are the crypto president.
• 10:07
  And we are going to put out GDP on the blockchain so people can
• 10:11
  use the blockchain for data distribution.
• 10:14
  And then we're going to make that available to the entire
• 10:17
  government. So all of you can do it.
• 10:19
  We're just ironing out all the details so we can do it.
• 10:22
  Patents. This is the tell when
• 10:25
  institutions that resisted something for so long, like so
• 10:29
  long, so so long, start adopting it quietly, quietly being a chat
• 10:33
  GT word right there. It's already game over.
• 10:36
  Bitcoin isn't just about the money.
• 10:38
  It's also about the people. Club orange, formerly the orange
• 10:41
  pill app, is where bitcoiners actually talk, learn and share
• 10:44
  ideas without the noise. No shadow bands, just signal
• 10:48
  download the app or visit club orange today, and if you want to
• 10:51
  reach me directly, you can DM me there.
• 10:53
  I'm at oceans OSHINS and I read all of my messages.
• 10:57
  I've been connecting with a lot of you folks on club orange.
• 10:59
  So thank you all for your support and watching and shout
• 11:03
  out to my man Martin over there. You, you are a legend my friend.
• 11:05
  Thank you very much for connecting with me on Club
• 11:08
  Orange. Here's the part no one likes to
• 11:09
  say out loud except for me as I'm making this video.
• 11:13
  Most systems don't collapse all at once.
• 11:15
  They erode, they degrade, they rot.
• 11:17
  First it's inconvenient, then it's conditional and eventually
• 11:20
  it's permission based. Banking didn't fail because it
• 11:23
  stopped working. It failed because it stopped
• 11:25
  being neutral. And once neutrality is gone,
• 11:28
  trust doesn't come back. Bitcoin isn't a protest.
• 11:32
  It's not a rebellion. It's what happens when people
• 11:34
  decide that money should behave like property again.
• 11:37
  And you actually don't need to believe anything I'm saying.
• 11:39
  You just need to pay attention to what people are doing.
• 11:42
  Thank you so much for watching this video.
• 11:44
  If you like what you see and you want to see more, make sure you
• 11:46
  hit that like button below. Or you can subscribe to the
• 11:48
  simply Bitcoin channel for more content like this.
• 11:50
  We're coming out with it every single day of the week.
• 11:53
  Or you can just leave us a comment if you like.
• 11:54
  Also, don't forget to hit that notification bell.
• 11:57
  I'm Oceans. This is beyond Bitcoin.
• 12:00
  Until next time.