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Government Shutdown Crashing Crypto?🔥 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: All right, guys, let's get into it because we're talking
• 0:02
  Speaker 1: about a government shutdown and this is pending, so you
• 0:04
  Speaker 1: don't want to miss it. My name's Paul Barren. Welcome
• 0:06
  Speaker 1: back in. Let's get into it today. I want to
• 0:08
  Speaker 1: thank our sponsor, and that is Coinbase. Coinbase is a
• 0:11
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• 0:13
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• 0:15
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• 0:19
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• 0:21
  Speaker 1: in there. Use our link down below. It does help
• 0:23
  Speaker 1: the channel. A couple of things I want to hit
• 0:25
  Speaker 1: on real quickly is this engagement between Trump and Schumer.
• 0:30
  Speaker 1: The bitterness is real, and it does increase the odds
• 0:35
  Speaker 1: of the potential shutdown. And I'm just telling everybody that
• 0:37
  Speaker 1: if we get a shutdown, this is going to have
• 0:40
  Speaker 1: some impact on your bags. And I'll talk about whether
• 0:42
  Speaker 1: or not you should be ready for this or not
• 0:45
  Speaker 1: as we get into it. I want to go to
• 0:46
  Speaker 1: this first clip though. Let's play stop one.
• 0:48
  Speaker 2: I think you could very well end up with a
• 0:52
  Speaker 2: closed country for a period of time.
• 0:54
  Speaker 3: We passed the Continuing Resolution in the Republican House today
• 1:00
  Speaker 3: an amazing vote actually, But in the Senate we have
• 1:03
  Speaker 3: fifty three Republicans total and we need sixty votes.
• 1:07
  Speaker 2: That means we need Democrat votes. But I think you
• 1:11
  Speaker 2: could very well end up with a closed country for
• 1:15
  Speaker 2: a period of time. And we'll take care of the military,
• 1:20
  Speaker 2: We'll take care of social Security, we'll take care of
• 1:22
  Speaker 2: the things that we have to take care of a
• 1:24
  Speaker 2: lot of the things that Democrats fight for, which in
• 1:26
  Speaker 2: many cases aren't very good. Things will not be able
• 1:30
  Speaker 2: to be paid. So we'll watch and see how they
• 1:33
  Speaker 2: do with that. Don't have to handle the constituents pretty carefully,
• 1:38
  Speaker 2: all right.
• 1:38
  Speaker 1: So as you can see, Trump is prepping it. I
• 1:40
  Speaker 1: don't know if he is posturing for a negotiation with
• 1:43
  Speaker 1: the Democrats or what. But Schumer comes in and defends
• 1:47
  Speaker 1: himself in terms of a switch up in their position.
• 1:50
  Speaker 1: Take a look at this.
• 1:51
  Speaker 4: Either proceed with the bill before us, or risk Donald
• 1:55
  Speaker 4: Trump throwing America into the chaos of a shutdown. This,
• 2:03
  Speaker 4: in my view, is no choice at all. While the
• 2:08
  Speaker 4: cr bill is very bad, the potential for a shutdown
• 2:14
  Speaker 4: has consequences for America that are much much worse.
• 2:19
  Speaker 5: Mister Leader, do no longer believe what you said six
• 2:22
  Speaker 5: months ago.
• 2:23
  Speaker 3: There.
• 2:23
  Speaker 4: Things have changed, Dana in three ways. First, since March
• 2:27
  Speaker 4: when that happened, the American people have seen how terrible
• 2:31
  Speaker 4: the Trump administration policies are. Their costs are going up
• 2:35
  Speaker 4: because of tariffs, because of electric bills, and most of
• 2:38
  Speaker 4: all because of the decimation of healthcare.
• 2:40
  Speaker 1: All right, So, as you can see, he was his
• 2:42
  Speaker 1: hardline position right there. Trump came through though I believe
• 2:46
  Speaker 1: he might have saw this interview and look at what
• 2:49
  Speaker 1: he did. Take a look at this point.
• 2:50
  Speaker 5: A government shutdown is still looming a next Tuesday if
• 2:54
  Speaker 5: they can't resolve things by then, and a meeting that
• 2:56
  Speaker 5: was supposed to happen between Hakeem Jeffreys, Chuck Schumer, the
• 3:00
  Speaker 5: top Democrats, and Trump has now been canceled by Trump.
• 3:03
  Speaker 5: He posted on truth Social this morning saying that after
• 3:07
  Speaker 5: reviewing the details of what he called unserious and ridiculous
• 3:10
  Speaker 5: demands being made by the minority radical elect Democrats or
• 3:13
  Speaker 5: returns from their votes to keep our thriving country open,
• 3:16
  Speaker 5: I have decided that no meeting with their congressional leaders
• 3:20
  Speaker 5: could possibly be productive. And he went on for a
• 3:23
  Speaker 5: while after that kind of criticizing some of the things
• 3:26
  Speaker 5: they're asking for, which remember a lot of this is
• 3:28
  Speaker 5: going to be about healthcare. That's what Democrats are staking
• 3:31
  Speaker 5: this on. They're looking for an extension of those Affordable
• 3:34
  Speaker 5: Care Act premium tax credits or else. Insurance costs are
• 3:37
  Speaker 5: going to rise for millions of Americans.
• 3:39
  Speaker 2: Is the risk?
• 3:40
  Speaker 1: Is the shutdown risk more acute in the Senate, which,
• 3:43
  Speaker 1: as you said, is going to be the only one
• 3:44
  Speaker 1: that has a chance to address it within the week.
• 3:47
  Speaker 5: I mean, Carl, it all is really going to depend
• 3:49
  Speaker 5: on Democrats at this point, Chuck Schumer. She seems to
• 3:52
  Speaker 5: be holding firm saying that unless Democrats get some sort
• 3:55
  Speaker 5: of win on healthcare, they will not provide Republicans the
• 3:58
  Speaker 5: votes they need.
• 3:59
  Speaker 1: So, as you can see, Trump cancels the meeting. Whether
• 4:01
  Speaker 1: this is a negotiation or not, I don't know what
• 4:04
  Speaker 1: we're dealing with right now, though, is the Dems really
• 4:07
  Speaker 1: have no teeth and it kind of shows in this clip.
• 4:10
  Speaker 1: Take a look, and.
• 4:11
  Speaker 4: This is going to be Donald Trump shutdown. Democrats are
• 4:16
  Speaker 4: ready to work with the President. We're willing to sit
• 4:19
  Speaker 4: down with him today, tomorrow, We'll even come to the
• 4:21
  Speaker 4: golf course and sit down with him wherever he wants
• 4:25
  Speaker 4: to go. That's okay, all right.
• 4:28
  Speaker 1: So it's looking like the government shutdown at least right now.
• 4:31
  Speaker 1: If you believe polymarket is at a sixty five percent
• 4:36
  Speaker 1: range right now on the possibility of it, that's pretty high, guys,
• 4:39
  Speaker 1: that's pretty high. So the real question is how does
• 4:41
  Speaker 1: this plan to your portfolio?
• 4:42
  Speaker 6: Is?
• 4:43
  Speaker 1: If we do get a shutdown, do expect some volatility?
• 4:46
  Speaker 1: The real question would be because you could play this
• 4:48
  Speaker 1: two ways. One, if there is volatility, there's an entry point.
• 4:51
  Speaker 1: It also could be maybe a flight to safety in crypto.
• 4:54
  Speaker 1: Can you imagine where we could see some movement there.
• 4:57
  Speaker 1: So there are a lot of factors that play out.
• 5:00
  Speaker 1: So you're going to have to be very diligent on
• 5:02
  Speaker 1: watching what is working right now now. Congress has been
• 5:06
  Speaker 1: putting in a lot of work lately. They're trying to
• 5:09
  Speaker 1: get these bills passed, they're trying to get things do going.
• 5:12
  Speaker 1: So I thought, hey, you know what, let's just show
• 5:14
  Speaker 1: how hard they're working. Take a look.
• 5:17
  Speaker 6: The United States Senate was in session for a total
• 5:20
  Speaker 6: of twenty nine seconds on Monday. That's exactly twenty nine
• 5:24
  Speaker 6: seconds longer than the House of Representatives. Hello Hello, Hello, No,
• 5:30
  Speaker 6: still nobody. So the House and Senate were already scheduled
• 5:33
  Speaker 6: to be on recess this week for Rashishana, and the
• 5:35
  Speaker 6: House of Representatives was originally scheduled to come back on Monday,
• 5:38
  Speaker 6: the twenty ninth, but now Speaker Johnson pushed that back
• 5:42
  Speaker 6: until at least October one. The government funding deadline is
• 5:46
  Speaker 6: September thirtieth, so now they're scheduled to come back after
• 5:49
  Speaker 6: the government is already shut down. They believe it will
• 5:53
  Speaker 6: put pressure on the Senate to pass a continuing resolution
• 5:57
  Speaker 6: to keep the government open on a temporary basis they
• 6:00
  Speaker 6: come up with a permanent solution. They never came up
• 6:02
  Speaker 6: with a deal for fiscal year twenty twenty five. They
• 6:05
  Speaker 6: pretty much copied and pasted twenty twenty four's budget and
• 6:09
  Speaker 6: used it for all of this year. And that's how
• 6:12
  Speaker 6: the government has been operating.
• 6:14
  Speaker 1: I love the consistency and the amazing diligence of our
• 6:19
  Speaker 1: US Congress as they get out there and do things
• 6:21
  Speaker 1: just like this. This is a problem, guys, because it
• 6:24
  Speaker 1: does kind of point in one direction, and that is
• 6:27
  Speaker 1: maybe a shutdown. If you look at the history of
• 6:29
  Speaker 1: this nineteen eighty we saw this under Carter, we saw
• 6:32
  Speaker 1: this under Reagan several times, Clinton, Obama. Trump had his
• 6:36
  Speaker 1: two shots, both in twenty eighteen, and we stayed open
• 6:40
  Speaker 1: I think the longest under Trump, or it should say
• 6:43
  Speaker 1: closed the longest under Trump, which was thirty five days.
• 6:46
  Speaker 1: So if that does happen, expect some volatility. I think
• 6:49
  Speaker 1: this is a factor you've got to get into. Government
• 6:52
  Speaker 1: shut down would be looming if Congress hadn't spent the
• 6:54
  Speaker 1: last eight to ten months on vacation through that. And
• 6:57
  Speaker 1: I think this is the issue that we are facing
• 6:59
  Speaker 1: right now, the how over it is not working for us.
• 7:02
  Speaker 1: Take it into your own hands. Let's go to this
• 7:03
  Speaker 1: tweet right here. This is Eleanor Tarrett hitting on where
• 7:06
  Speaker 1: the current market structure bill is. And the timing is
• 7:09
  Speaker 1: interesting because September thirty was really the target. That's not
• 7:12
  Speaker 1: happening because they're too lazy to work. I guess I
• 7:15
  Speaker 1: don't know, But the point is is that we're not
• 7:16
  Speaker 1: getting in decisions and the possible new target now is
• 7:20
  Speaker 1: set for the week of the twentieth October twentieth. Remember
• 7:23
  Speaker 1: there's a big meeting with the Fed on the new
• 7:25
  Speaker 1: payment innovations that happens on the twenty first October is
• 7:30
  Speaker 1: happening or we hope it's going to happen, and of
• 7:33
  Speaker 1: course the market is potentially at risk here. The likelihood
• 7:37
  Speaker 1: is I don't think we're going to see necessarily a shutdown.
• 7:39
  Speaker 1: I think maybe we get a day or two, but
• 7:41
  Speaker 1: no extended. And I think there's where the opportunity lies
• 7:44
  Speaker 1: going into October. So if you guys are not part
• 7:47
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• 7:50
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• 7:51
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• 7:59
  Speaker 1: is just at Paul Baron. We'll catch you next time
• 8:01
  Speaker 1: right here on the Paul Baron Show.
• 8:10
  Speaker 5: H