Latest / The Paul Barron Crypto Show / Fed Signal Terrifies Market🚨September Rate HIKE Coming?!🔥

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Fed Signal Terrifies Market🚨September Rate HIKE Coming?!🔥 · The Paul Barron Crypto Show

0:00
Speaker 1: Rate hikes in coming or not today. We'll break it
0:02
Speaker 1: down for you because there is a lot starting to
0:04
Speaker 1: move in terms of where the FED is going to
0:07
Speaker 1: impose rate hikes. Let's just get into it. I do
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Speaker 1: let them know we sent you. Let's go over and
0:48
Speaker 1: I want to lead off with President Trump's economy speech
0:53
Speaker 1: in Las Vegas. This was something to listen to. Take
0:55
Speaker 1: a look.
0:56
Speaker 2: Dating trip alone American the stock market all time highs,
1:04
Speaker 2: the highest stock markets in history.
1:08
Speaker 3: Yesterday went up almost a thousand points. Right. The tariffs
1:11
Speaker 3: have made us rich. Remember I used to say that
1:14
Speaker 3: tariffs are my favorite word. Their pressed was killing me,
1:19
Speaker 3: so I moved it to my fifth favorite word. And
1:21
Speaker 3: now I say it's number five, and I'm in good shape.
1:25
Speaker 3: But it has it's made as rich, it's made as rich.
1:27
Speaker 3: All these companies are moving in and building their plants.
1:31
Speaker 3: Manufacturing is exploding at the fastest pace in many years.
1:36
Speaker 3: Nobody thought this would ever happen again. Last month, inflation
1:40
Speaker 3: dropped at the fastest rate it's dropped in many years.
1:43
Speaker 3: More Americans are working in the United States right now
1:49
Speaker 3: than at any point in the history of our country.
1:52
Speaker 4: Speak of it.
1:53
Speaker 3: You don't hear that Donald's Trump polls on the economy
1:57
Speaker 3: aren't good. The economy is the greatest economy we've ever
2:00
Speaker 3: had by far. That man right there, miss the wall,
2:03
Speaker 3: please stand up.
2:04
Speaker 5: Look at him.
2:05
Speaker 3: He's a rich guy. And they checked him out. They
2:07
Speaker 3: said he's a very rich man.
2:08
Speaker 4: He has to be.
2:09
Speaker 3: He goes to so many rallies, the great Phil Ruffin.
2:12
Speaker 3: He made a fortune here. He just makes money out
2:14
Speaker 3: of these a money machine. They loaded, They're loaded. They
2:18
Speaker 3: owned this hotel, the sleepy Joe Biden, and the very corrupt,
2:22
Speaker 3: and it was the most corrupt administration.
2:25
Speaker 6: All right.
2:25
Speaker 1: So there you have it, guys. Obviously, the point behind
2:28
Speaker 1: this is a lot of the claims that Trump is
2:30
Speaker 1: making are just not necessarily happening. What you have right
2:33
Speaker 1: now is a split market, and the split market is
2:36
Speaker 1: mostly rewarding a lot of billionaires and a lot of
2:39
Speaker 1: major corporations that of course have benefited from these teriffs
2:43
Speaker 1: now getting big paychecks back on these tariff refunds. And
2:46
Speaker 1: I think also the job consistency has started to stabilize
2:50
Speaker 1: in a sense that it may not be increasing the
2:53
Speaker 1: way that we thought it was, so that in itself
2:56
Speaker 1: is going to continue to put more pressure on the FED.
2:59
Speaker 1: And as we look at the FED chair, he is
3:02
Speaker 1: reportedly open to a September rate hike if inflation continues
3:06
Speaker 1: to run hot. And this is coming in from three
3:09
Speaker 1: FOMC members, And this is something we already saw in
3:12
Speaker 1: the previous month when we looked at the last closer
3:16
Speaker 1: vote than I thought in terms of dissension among the
3:19
Speaker 1: FED chairs in the last FOMC meetings. So likelihood here
3:23
Speaker 1: is could he deviate away from Trump's plan. That is
3:27
Speaker 1: the real question. I don't know that he will, but
3:31
Speaker 1: there may be some situations here that force him into
3:34
Speaker 1: a really hard position. Bank of America CEO Brian Monahan.
3:38
Speaker 1: He says he reiterated that the banks forecast is three
3:41
Speaker 1: FED rate hikes in September, October, December. Some people are
3:45
Speaker 1: pointing at two FED rate hikes. This is where I
3:48
Speaker 1: get on the fence, because the current economic condition does
3:53
Speaker 1: warrant it. The problem is is that I think what's
3:56
Speaker 1: going on between Warsh and Trump, whether this is going
4:00
Speaker 1: to be a pause and that's a win, or if
4:04
Speaker 1: there may end up being a rake cut. This is
4:07
Speaker 1: one of those situations that with this particular FED, because
4:11
Speaker 1: you're getting no forward guidance, is starting to show a
4:14
Speaker 1: little bit of inconsistency here. And one of the things
4:16
Speaker 1: that will trigger this, of course, is going to be
4:18
Speaker 1: energy prices. Here you have Trump saying all prices are
4:21
Speaker 1: going down, but we may have to send it up again.
4:24
Speaker 1: So what does that mean? Does he know something? Is
4:26
Speaker 1: he's starting to give us some insights that there is
4:29
Speaker 1: more trouble brewing in the Middle East that would cause
4:33
Speaker 1: obviously West Texas crew and more energy sources to continue
4:36
Speaker 1: to spike. Remember, this has been hovering around seventy five
4:39
Speaker 1: to eighty bucks a barrel, which is somewhat tolerable. Once
4:42
Speaker 1: you get over eighty to ninety bucks a barrel, it
4:45
Speaker 1: gets a little bit outside of the range of most Americans.
4:48
Speaker 1: One hundred bucks of barrel, now you have a problem.
4:50
Speaker 1: And of course that's when the FED starts to feel
4:53
Speaker 1: the pinch. And if you look at this right here,
4:57
Speaker 1: Trump has repeatedly spoken with Warsh over the phone, and
5:00
Speaker 1: I think the pressure is going to continue to come
5:03
Speaker 1: on Wsh to hold rates at least and possibly be
5:07
Speaker 1: in a position where he starts to maybe look at
5:10
Speaker 1: a rate cut. I don't think that's going to happen, though.
5:13
Speaker 1: I think he's going to at very best hold rates.
5:16
Speaker 1: If we do get into a nastier position right now economically,
5:20
Speaker 1: if Trump is already pivoting on oil prices, could he
5:23
Speaker 1: pivot in reference to Warsh trying to get him into
5:27
Speaker 1: a rate hike understanding the presence of the economy being
5:31
Speaker 1: a huge force driving what I think will be a
5:35
Speaker 1: big major pullback on the overall market. I think these
5:38
Speaker 1: are the things that right now are on Morsh's mind,
5:40
Speaker 1: and maybe that's why we're starting to see a lot
5:42
Speaker 1: of analysts pointing to rate hikes later this year. Let
5:47
Speaker 1: me know what you guys think, though, Do you think
5:48
Speaker 1: we'll get a rate hike? If not, just put rate
5:50
Speaker 1: hike or no rate hike down in the comments. I'm
5:52
Speaker 1: kind of curious because we're getting a lot of mixed
5:55
Speaker 1: a lot of mixed signals coming out of both sides
5:58
Speaker 1: on whether or not this is going to happen. One
6:00
Speaker 1: other thing you have to look at is, of course
6:03
Speaker 1: you got the Secretary Treasurer Scott Bessett kind of hitting
6:06
Speaker 1: on Wall Street Journals Nick Timmerosen. Basically, it's point too
6:12
Speaker 1: right now we have nothing coming out of the FED,
6:13
Speaker 1: and when I say we meeting the media has nothing
6:16
Speaker 1: really coming out in terms of forward guidance. So Wall
6:19
Speaker 1: Street journal is out there trying to figure out what
6:21
Speaker 1: is happening. Does anybody know anything? Is there any kind
6:24
Speaker 1: of potential opportunity on the FED back room side, much
6:27
Speaker 1: like backchannels work in a lot of policymaking, I think
6:32
Speaker 1: now is getting into the point of where news is
6:34
Speaker 1: going to have to come from, since we're not seeing
6:36
Speaker 1: that coming in from the FED themselves, like what it
6:39
Speaker 1: used to be with CHERA. Powell, where he was fairly
6:42
Speaker 1: open and you could somewhat navigate this. This, I think
6:46
Speaker 1: is a very interesting time ahead right now. I want
6:49
Speaker 1: to play a clip here because this where people actually
6:52
Speaker 1: start thinking that we're going to get two fed rake hikes.
6:54
Speaker 7: Take a look, Thank America thinks three rate hikes. I
6:58
Speaker 7: don't think it's going to I think they're wrong. Think
7:00
Speaker 7: they're going to have to say, oops.
7:02
Speaker 8: I don't think we get a three. But I came
7:04
Speaker 8: from a possibility of two this time or this year
7:08
Speaker 8: or early next year, because I think the inflation pressures
7:11
Speaker 8: are not going to subside quickly enough, and I think
7:14
Speaker 8: the kid and this year, I want to hold onto
7:17
Speaker 8: their credibility, assuming that that oil does not come back
7:20
Speaker 8: down very quickly, and even if it does, is inflation
7:23
Speaker 8: in the pipeline. And finally you got the fact that
7:25
Speaker 8: you know, the chair has been very clear that five
7:27
Speaker 8: years of missing the target is really unacceptable.
7:30
Speaker 7: Did you see the whole netimber. You probably didn't like that.
7:34
Speaker 4: I didn't love it.
7:35
Speaker 7: Well, I didn't. I know that as a reporter, me
7:37
Speaker 7: as as not a journalist, sort of was tickled by
7:41
Speaker 7: the whole thing.
7:42
Speaker 8: Did you hear?
7:42
Speaker 7: I said me is not a yeah? I like, yeah,
7:45
Speaker 7: quit the whole But that's not a surprise to you.
7:47
Speaker 8: Clear the FED needs to commute clear influence communication.
7:51
Speaker 9: All right.
7:52
Speaker 1: So a couple of points there is that you've got
7:55
Speaker 1: CNBC Joe kind of pointing at the issue that they
7:59
Speaker 1: may have to back drag the Bank of America backtracking
8:01
Speaker 1: three rate hikes. This analyst coming in at two. If
8:04
Speaker 1: you look at the oil situation right now, and you
8:06
Speaker 1: can go back here right there in February, this essentially
8:10
Speaker 1: is when we were around sixty four bucks a barrel,
8:13
Speaker 1: which is somewhat the market median, and right now, of
8:16
Speaker 1: course that has retraced down to seventy eight. But of
8:19
Speaker 1: course we've seen this kind of volatility that has floated
8:21
Speaker 1: through in and around what's happening in Iran. So if
8:24
Speaker 1: this doesn't correct itself, then yes, you've got more pressure
8:28
Speaker 1: on the FED for the issue of inflation. And if
8:32
Speaker 1: you look at the poly market, let me go to
8:34
Speaker 1: this right here. This is weird because polymarket is actually
8:37
Speaker 1: showing a declining trend here on a potential FED rate hike,
8:40
Speaker 1: but yet at the same time, you've got the market
8:43
Speaker 1: saying that we might get a FED rate hike. So
8:46
Speaker 1: that's the kind of conflict that is happening because of
8:49
Speaker 1: the Fed not providing forward guidance at least on some
8:53
Speaker 1: sort of indication of how this market may move. Let's
8:56
Speaker 1: go over to the S and P five hundred. This,
8:58
Speaker 1: of course, is recorded its largest bullish bet ever in history,
9:01
Speaker 1: with more than four million call options traded on Tuesday.
9:05
Speaker 1: This also came as the index rally to an all
9:07
Speaker 1: time high at seventy seven, so one hundreds. So that
9:10
Speaker 1: in itself, could we make the eight thousand mark is
9:12
Speaker 1: the real question, and I think a lot of people
9:14
Speaker 1: are kind of pointing to that. My next clip kind
9:16
Speaker 1: of goes to that very question, is eight thousand, The
9:19
Speaker 1: next stop?
9:20
Speaker 8: Take a look, is the next stop?
9:22
Speaker 6: Eight thousand? Ed Yard Denny yesterday on closing Bill with
9:25
Speaker 6: Me eighty two fifty, he said that might look too conservative.
9:28
Speaker 4: I'm sitting here saying to myself, Okay, what can possibly
9:31
Speaker 4: go wrong?
9:32
Speaker 6: Where does that begin to reverse itself? What if we're
9:35
Speaker 6: though entering a market where you need to start thinking
9:38
Speaker 6: about what else can go right? If you're getting broadening
9:40
Speaker 6: earnings growth like Waldron's talking about, and others are obviously
9:43
Speaker 6: focused on to why stocks can can continue to go
9:47
Speaker 6: up from here. Maybe that's the more apropos question today.
9:51
Speaker 6: It's no longer fomo, it's femo. It's the earnings momentum.
9:57
Speaker 6: Don't just tell me about what tech is doing. I
9:59
Speaker 6: get that the numbers are enormous in terms of the
10:01
Speaker 6: earnings growth, but if you're talking about twelve percent for
10:04
Speaker 6: other areas of the market, that's pretty darn good too.
10:06
Speaker 1: A couple of points there that you want to kind
10:08
Speaker 1: of look at here is we continue to see inflation
10:12
Speaker 1: moving into the market, which is now starting to showcase
10:14
Speaker 1: on earnings. Earnings of course continuing to outsize, and that
10:18
Speaker 1: of course means we see these ridiculous numbers on the
10:21
Speaker 1: S and P five hundred, and now you add the
10:24
Speaker 1: potential rebates that are coming back in from all these terriffs,
10:27
Speaker 1: which could be literal windfalls for some of these Fortune
10:30
Speaker 1: five hundred companies, and they're not necessarily passing that on
10:33
Speaker 1: that's essentially going into I guess into profits. So we
10:36
Speaker 1: could see this continuation above eight thousand. The question is
10:41
Speaker 1: is when would a pullback actually occur?
10:43
Speaker 9: Now?
10:44
Speaker 1: Tom Lee has talked about this before, is we could
10:46
Speaker 1: see a little bit of a pullback. Here's Jamie Diamond
10:50
Speaker 1: talking about that very same thing. Take a look market.
10:53
Speaker 10: Leverage, prime, broken leverage, headstrong leverage, eachf's leverage, treasure, arbitrage leverage.
10:57
Speaker 10: I'm double counting some of that. So leverage is pretty high.
11:01
Speaker 10: When you have that, you do have a higher chance
11:03
Speaker 10: of somebody will disrupt the market in a quick way
11:05
Speaker 10: and people get rattled over, and so that is a
11:08
Speaker 10: little high batu. A leverage of margin debt is the
11:11
Speaker 10: highest of event. There's a lot of margin debt you
11:13
Speaker 10: don't see because it's not cold margin debt. It's called
11:15
Speaker 10: other things. So it's that kind of leverage, some hidden,
11:18
Speaker 10: some public. We see a lot of it, and it's high.
11:21
Speaker 10: You know, it's not I'm not gonna say it's systemic high.
11:23
Speaker 10: It's going to cause a disaster, but it's high.
11:27
Speaker 1: It is high. And maybe there is a little bit
11:29
Speaker 1: of an indicator if you saw this situation with Leopold
11:33
Speaker 1: on situational awareness. Of course, deleveraging to a level that
11:37
Speaker 1: of course put them in a position. And now this
11:40
Speaker 1: is somewhat being corrected right now by guess who Ken
11:43
Speaker 1: Griffin and Citadel, So I don't know, very interesting times
11:46
Speaker 1: right here, guys. Could this be what Diamond is talking about?
11:50
Speaker 1: And is it the precursor to maybe even what Tom
11:52
Speaker 1: Lee had indicated in the past where we could see
11:56
Speaker 1: maybe a ten to even greater pullback off of the
11:59
Speaker 1: essen five hundred. Either this is in a position right
12:03
Speaker 1: now that we are ready for the next shoot to drop,
12:06
Speaker 1: or we're going to see something that is maybe a
12:10
Speaker 1: forever up kind of market, if in fact the AI
12:14
Speaker 1: trade can continue to hold. But to counter that, here's
12:17
Speaker 1: a clip on why the Leopold blow up was so
12:20
Speaker 1: much of a warning.
12:21
Speaker 8: Take a look.
12:23
Speaker 11: He of course had a very large following, So not
12:25
Speaker 11: only was his leverage on his forty five billion dollars,
12:29
Speaker 11: let's say it was levered one hundred and fifty billion,
12:32
Speaker 11: but there was a lot of money piggybacking on his trade.
12:34
Speaker 11: So I think in some ways, you know, the unwind
12:39
Speaker 11: and even last week was due to a lot of
12:42
Speaker 11: funds being aware that he might have been in trouble.
12:45
Speaker 9: This is probably the single weird way, greatest, most catastrophic
12:50
Speaker 9: hedge fund blow up of our careers.
12:52
Speaker 6: A former Open AI employee, also an FTX employee.
12:56
Speaker 9: I might add this guy built a forty five billion
12:59
Speaker 9: dollar as a manager company in eighteen months as a
13:01
Speaker 9: twenty four year old. Think about it. That's like a
13:03
Speaker 9: top ten headspoot in the world. People have worked thirty
13:05
Speaker 9: years on that. And I kept saying, well, what could
13:08
Speaker 9: go wrong?
13:11
Speaker 1: Yeah, what could go wrong? Well, that we know now,
13:14
Speaker 1: and deleveraging is really what makes bottoms. This is Tom
13:17
Speaker 1: Lee talking about that, because do you think we are
13:20
Speaker 1: finally at that point? Is this just one of the
13:23
Speaker 1: indicators that could push us into a bottom. Listen to
13:27
Speaker 1: what Tom said.
13:28
Speaker 11: That's exactly what makes a bottom is. You know, you
13:31
Speaker 11: deleverage people and then you reset expectations. Crypto has so
13:36
Speaker 11: many catalysts. Since the end of June, Ethereum has outperformed
13:40
Speaker 11: memory stocks by seventy two percentage points. That's pretty huge.
13:44
Speaker 11: And now the Clarity Act, as they say in the
13:46
Speaker 11: one yard line, that's a bigger market than anything that's
13:49
Speaker 11: existed in crypto before. Robinhood wants to tokenize everything. And
13:54
Speaker 11: by the way, they could have built on any blockchain.
13:57
Speaker 11: They built robin Hood chain on Ethereum. More than a
13:59
Speaker 11: billion dollar of volume daily. Robinhood might make a billion
14:03
Speaker 11: a year from this chain, all.
14:06
Speaker 1: Right, so you can see the upside. Is there the
14:09
Speaker 1: de leveraging is starting to occur. Is there a rotation
14:13
Speaker 1: of capital incoming? Usually what indicates a little bit of
14:18
Speaker 1: a shift in the market is when you see degen activities.
14:22
Speaker 1: Remember that's kind of on the last leg of what
14:24
Speaker 1: happens in these markets. We saw that in twenty twenty one,
14:27
Speaker 1: and maybe we're seeing that right now at least on
14:31
Speaker 1: this bear market, and that is with Robinhood listing cash Cat.
14:34
Speaker 1: This of course was a meme that's been out there.
14:36
Speaker 1: If you look at the chart over on deck screener,
14:38
Speaker 1: you can see this is the movement right now that
14:41
Speaker 1: cash Cat is having after the listing. I anticipate this
14:45
Speaker 1: could just be a short term pop and you can
14:47
Speaker 1: kind of see a lot of potential here for just that.
14:51
Speaker 1: Not saying you guys should go in this at all.
14:53
Speaker 1: In fact, this is probably a bad move. But the
14:55
Speaker 1: point is is this is the kind of Degen type
14:58
Speaker 1: tokens that starts to make their way in to mainstream
15:00
Speaker 1: and Robinhood courses kind of that gateway. Other things that
15:04
Speaker 1: are happening as institutional investors now are betting against the
15:07
Speaker 1: Japanese yend and this is moving at a very fast rate.
15:12
Speaker 1: It's their second largest on record as of July twenty eighth,
15:15
Speaker 1: So this is just shy of twenty four all coming
15:18
Speaker 1: from THEFCFTC data. So let's look at this, guys. This
15:22
Speaker 1: is the thing I'm getting at right here. This is
15:24
Speaker 1: the kind of recoil that is happening right now with
15:27
Speaker 1: the end. And remember this has been a narrative that
15:30
Speaker 1: kind of started with that little note from Bessent. And
15:34
Speaker 1: now of course we've seen Japan in a position where
15:37
Speaker 1: they're trying to reroute their entire ecosystem of digital assets
15:42
Speaker 1: and trying to run to the finish line very quickly
15:45
Speaker 1: with a lot of advanced regulation, tax loopholes, etc. That
15:49
Speaker 1: has started to play. I just wonder I was starting
15:51
Speaker 1: to see a lot more opportunity brewing in Japan pushing
15:54
Speaker 1: into what's happening with digital assets. Now here's John or
15:58
Speaker 1: Andre Jig who talk about what Bessent was actually trying
16:02
Speaker 1: to do.
16:03
Speaker 5: But what that note could end up being is the
16:07
Speaker 5: perfect psychological weapon to discourage traders from betting against the yen,
16:14
Speaker 5: which is also why the yen is actually getting stronger
16:17
Speaker 5: right now because Scott Besson is making the world believe
16:21
Speaker 5: the US government's promise to buy yen is real and
16:26
Speaker 5: if he happens to be successful, he might never have
16:29
Speaker 5: to spend that much money. He's using the market's psychology
16:33
Speaker 5: against itself and all that does. What buying the yen
16:38
Speaker 5: or the illusion of it strengthens it and has measured
16:41
Speaker 5: in dollars, it makes dollars go down, which seems like
16:46
Speaker 5: that's exactly been the plan that Donald Trump has wanted
16:49
Speaker 5: for a really long time now, because think about Kevin
16:53
Speaker 5: Warsh's position, but his entire reputation is this inflation hawk
16:59
Speaker 5: right right, but in a real crisis with layoffs and
17:03
Speaker 5: a lot of fear, that's when printing trillions of dollars
17:07
Speaker 5: is not a betrayal of his principles, right.
17:11
Speaker 1: All right, So you can see there are a lot
17:13
Speaker 1: of chess pieces in motion right now. Another chess piece
17:17
Speaker 1: that plays into all of this macro is what's happening
17:20
Speaker 1: right now with Iran. If you got a deal between
17:23
Speaker 1: Iran and Oman declaring that the Strait is a transit corridor,
17:26
Speaker 1: it's expected to be announced on today. We think so
17:30
Speaker 1: if we see a little bit of movement there, what
17:33
Speaker 1: does that look like in the coming months, and what
17:36
Speaker 1: does that look like for energy prices, not only in
17:39
Speaker 1: the US, but you know, especially in China and in Europe,
17:42
Speaker 1: because those are two of the major markets that are
17:44
Speaker 1: affected by this. Now Mark Cudmore talks about this because
17:49
Speaker 1: it starts to position a couple of assets in a
17:52
Speaker 1: different way. Take a look.
17:55
Speaker 4: People are kind of pretty cynical about any kind of deal,
17:59
Speaker 4: given all the number the number of promises we've had before.
18:01
Speaker 4: I would say Gold's probably been the biggest topic of
18:04
Speaker 4: debate in my team the last twenty four hours. We
18:06
Speaker 4: had this sudden four percent surge yesterday, which just seemed
18:09
Speaker 4: completely out of line with almost everything else that was
18:12
Speaker 4: kind of happening. It's extraordinary interesting. I think that this
18:15
Speaker 4: move fundamentally makes sense. I was somebody to turn bearish
18:19
Speaker 4: gold at the start of the war. I have been
18:20
Speaker 4: burished now until this flow. I now see this as
18:23
Speaker 4: a valid move higher and maybe the start of the
18:25
Speaker 4: bull trend reasserting and ultimately longer term. Gold is just
18:29
Speaker 4: traded off dollar and real yields, and if both of
18:32
Speaker 4: them are going to be lowered, gold will be higher,
18:34
Speaker 4: all right.
18:35
Speaker 1: If you look at the gold chart, this is what
18:37
Speaker 1: he's talking about. Is this wik right here coming off
18:39
Speaker 1: of four thousand dollars gold per troy ounce now hovering
18:43
Speaker 1: at a forty two hundred So a nice move on
18:46
Speaker 1: the day. And the question is if this does start
18:49
Speaker 1: to put more pressure on other assets, do we see
18:53
Speaker 1: more liquidity started to find its way into gold, because
18:55
Speaker 1: remember there's a lot of people that are sitting on
18:57
Speaker 1: the sidelines trying to figure out what route to take,
19:00
Speaker 1: especially if we do see a rotation coming out of
19:03
Speaker 1: the Ai trade. Now Chinese investors are now rotating back
19:06
Speaker 1: into gold. You've got China's gold black ets recording fourteen
19:09
Speaker 1: consecutive daily inflow. This of course is ending on Monday.
19:13
Speaker 1: It was the longest street since March, and you can
19:16
Speaker 1: kind of see the market right there. China's gold ets
19:20
Speaker 1: fourteen days. Man, that's crazy. And then to see the
19:23
Speaker 1: kind of movement that we saw just yesterday. So is
19:26
Speaker 1: this maybe gold's bottom around four thousand dollars an ounce?
19:31
Speaker 1: And are we in a position right now where maybe
19:33
Speaker 1: Peter Ship's going to be very happy about this? So
19:35
Speaker 1: let's roll this all into one thing and that is
19:38
Speaker 1: course is going to really come down to bear on clarity.
19:42
Speaker 9: Now.
19:42
Speaker 1: Clarity is the real issue for digital assets for the
19:46
Speaker 1: most part. I think there's some assets out there that
19:48
Speaker 1: will continue to do and I think a lot of
19:50
Speaker 1: companies have strategies already in play around clarity. We'll talk
19:54
Speaker 1: about that soon, but I want to play this clip
19:57
Speaker 1: talking about clarity. If it's going to happen. You don't
20:00
Speaker 1: think Clarity Act will happen.
20:01
Speaker 8: You think this year is off the table.
20:03
Speaker 10: Really.
20:03
Speaker 11: I mean it's we're already in August right now, and
20:05
Speaker 11: you like sixty days once you it's going to I mean,
20:07
Speaker 11: at some point it's going to happen.
20:09
Speaker 8: But it's not going to happen, you know, this year.
20:10
Speaker 8: That's at least what our experts are saying.
20:14
Speaker 1: All right, well, the US puts a thwart on clarity
20:18
Speaker 1: at least right now, we have one more day twenty
20:21
Speaker 1: four hours essentially before the August recess occurs, and that's
20:24
Speaker 1: if they don't hold over on the weekend. Then of
20:28
Speaker 1: course you go across to Russia and they have signed
20:31
Speaker 1: their own Clarity Act into correlation with what's happening right
20:35
Speaker 1: now in the US, and that is the US is
20:37
Speaker 1: getting left behind. So now crypto is regulated within Russia,
20:42
Speaker 1: Hong Kong, most of the Pacific RIM, and we're also
20:46
Speaker 1: looking at now the EU. Where else can we go
20:50
Speaker 1: besides South America? Maybe in a handful of those countries
20:52
Speaker 1: are already in that position. The US could be the
20:55
Speaker 1: last to the game on one of the most important
20:59
Speaker 1: asset classes maybe in the history of finance. Bad times
21:03
Speaker 1: ahead here you go. This, of course, is thirteen governments
21:07
Speaker 1: now holding a combined twenty six point eight billion in bitcoin.
21:10
Speaker 1: This is coming in on bitwise. US leads, but yet
21:14
Speaker 1: we don't lead in clarity. So very very unusual things
21:18
Speaker 1: going on in DC right now, the politics that are
21:21
Speaker 1: happening in DC, and that will force the economic condition,
21:25
Speaker 1: I think right now into the FED, because the FED
21:29
Speaker 1: is going to be in a position where they have
21:30
Speaker 1: to make a decision very soon on a rate cut
21:34
Speaker 1: or a rate hike. And I think this is now
21:36
Speaker 1: the drawdown time that most of the market has been anticipating,
21:40
Speaker 1: and the FED may lead the way on a rate hike.
21:43
Speaker 1: So get ready, guys. We'll cover more soon. If you
21:52
Speaker 1: like this video, like and subscribe, drop a comment down below,
21:55
Speaker 1: and also join our free private member group. The link
21:59
Speaker 1: is in the description