Latest / The Paul Barron Crypto Show / Trump Unleashes on Banks!🔥CNBC Call Crashes Market📉

Transcript

Trump Unleashes on Banks!🔥CNBC Call Crashes Market📉 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: All right, let's jump into it today. Of course, this
• 0:02
  Speaker 1: is Trump attacking the banks. We're going to break it
• 0:04
  Speaker 1: down for you. My name is Paul Bher. Welcome back
• 0:06
  Speaker 1: into the show. I do want to thank our sponsor,
• 0:08
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• 0:10
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• 0:15
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• 0:18
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• 0:20
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• 0:24
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• 0:27
  Speaker 1: a little bit more of a discount and always helps
• 0:29
  Speaker 1: the channel. We appreciate it. All right, let's get into
• 0:31
  Speaker 1: a couple of points I want to hit on first.
• 0:33
  Speaker 1: The EU has now halted retaliatory tariffs. This is good
• 0:36
  Speaker 1: news as they finalize trade deals with the US. So
• 0:39
  Speaker 1: Trump is over there working some deals out, but he
• 0:42
  Speaker 1: also goes on and talks about all of this happening
• 0:46
  Speaker 1: and what it means to the market in general. And
• 0:49
  Speaker 1: this was an interview that was done on the squawk
• 0:51
  Speaker 1: Box today. It is a voice call that he called
• 0:54
  Speaker 1: into the Squawk team and started to break down some
• 0:58
  Speaker 1: of this. Listen it.
• 1:00
  Speaker 2: You talked again about this idea of dividends for middle
• 1:03
  Speaker 2: and lower income folks that might come off of the tariffs,
• 1:07
  Speaker 2: meaning the revenue that's coming in from the tariffs, how
• 1:09
  Speaker 2: that might work.
• 1:10
  Speaker 3: So we're taking in trillions of dollars, Andrew, if you
• 1:13
  Speaker 3: look at Japan European Union, six hundred and fifty billion dollars,
• 1:17
  Speaker 3: think of it. And they're going to do this and
• 1:19
  Speaker 3: they're going to do that. If you did business in Japan,
• 1:22
  Speaker 3: they would arrest you. You're not allowed to do any business.
• 1:24
  Speaker 3: And now Japan has totally opened up. Other things that
• 1:27
  Speaker 3: do very well here will also do well there. You'd
• 1:30
  Speaker 3: be surprised at some of the great things we make.
• 1:32
  Speaker 3: She said, no, no, no, we don't take any of
• 1:35
  Speaker 3: you guys. I said, that's right. That's not nice. I said,
• 1:38
  Speaker 3: that's not right. That's not a nice thing. I'm gonna
• 1:41
  Speaker 3: and they're being and they're being present.
• 1:43
  Speaker 2: Mister President. What kind of teeth though or in those
• 1:45
  Speaker 2: in those investments. We have been trying to figure out
• 1:48
  Speaker 2: the details on that, mister President's.
• 1:49
  Speaker 3: Well, there are no the details are six hundred billion
• 1:52
  Speaker 3: to invest in anything I want anything. I can do
• 1:55
  Speaker 3: anything I want, all.
• 1:58
  Speaker 1: Right, So I don't know if that is accurate. The
• 2:00
  Speaker 1: other thing that We'll get to that in a second.
• 2:03
  Speaker 1: But I do want to play another clip because this
• 2:04
  Speaker 1: is talking about the China trade deal. And this one's
• 2:07
  Speaker 1: important because it gives us at least a little bit
• 2:10
  Speaker 1: of an indicator as to where maybe the negotiation is.
• 2:13
  Speaker 1: Right now, take a look.
• 2:15
  Speaker 4: Will there be a meeting between you and prison? See
• 2:17
  Speaker 4: anything planned at this point?
• 2:18
  Speaker 3: So the fake news announced Donald Trump wants a meeting
• 2:22
  Speaker 3: with China. No, I didn't want it. No, he asked
• 2:24
  Speaker 3: for a meeting, And I'll end up having a meeting
• 2:27
  Speaker 3: before the end of the year, most likely if we
• 2:28
  Speaker 3: make a deal. If we don't make a deal, I'm
• 2:31
  Speaker 3: not going to have a meeting. I mean, you know what,
• 2:32
  Speaker 3: what's the purpose of meeting if we're not going to
• 2:34
  Speaker 3: make a deal. Where are we now with China? By
• 2:36
  Speaker 3: the way, because I kept adding more and more, they
• 2:38
  Speaker 3: said Surrey up to one hundred and forty five percent.
• 2:41
  Speaker 3: I said, you gotta be kidding. So I sort of
• 2:43
  Speaker 3: had to bring it down a little bit. But China
• 2:46
  Speaker 3: was collapsing. It's it's not imperative, but I think we're
• 2:50
  Speaker 3: going to make a good deal. No, I don't know
• 2:53
  Speaker 3: an eight it's a nineteen hour flight. It's a long flight,
• 2:57
  Speaker 3: but at some point, and they're not too distant, sweet,
• 3:00
  Speaker 3: I will all right.
• 3:02
  Speaker 1: So just that statement alone, I think started to tumble
• 3:05
  Speaker 1: the markets. If you look at bitcoin, just from this
• 3:07
  Speaker 1: is on the four hour, over these statements, this big
• 3:11
  Speaker 1: red candle right there holding it around two percent down
• 3:13
  Speaker 1: on bitcoin eth kind of in the same vote with
• 3:16
  Speaker 1: a big red candle down on the four hour, all
• 3:19
  Speaker 1: coming in I think because of this squawk box interview,
• 3:22
  Speaker 1: because the President was a little bit disheveled, he was
• 3:25
  Speaker 1: in a lot of different directions trying to defend and
• 3:28
  Speaker 1: I think they did a good time or a good
• 3:30
  Speaker 1: job of at least asking some questions. Whether they were
• 3:33
  Speaker 1: going to get any answers was the question. And I
• 3:36
  Speaker 1: want to go to one more clip here because this
• 3:38
  Speaker 1: is Trump kind of going into a lot of different
• 3:41
  Speaker 1: places to try to explain what's going on in the economy.
• 3:45
  Speaker 4: Take a look here we go.
• 3:48
  Speaker 3: It's a highly political situation. It's totally rigged. Smart people
• 3:52
  Speaker 3: know it. People with common tend to know it a
• 3:55
  Speaker 3: lot of people like you.
• 3:57
  Speaker 4: Let's move on to this. Which number do you believe
• 4:00
  Speaker 4: at this point the chances of a rate cut soared
• 4:03
  Speaker 4: because of these numbers? Do you not believe the current numbers?
• 4:06
  Speaker 3: Now what I want? I don't want that. I wanted
• 4:08
  Speaker 3: it a year ago. I wanted it a long time ago.
• 4:11
  Speaker 3: J Powell is a highly political I mean, that was
• 4:15
  Speaker 3: a rigged election.
• 4:16
  Speaker 4: We can't litigate that.
• 4:18
  Speaker 3: We can't re litigate that rigged election.
• 4:23
  Speaker 4: I have to check on that, and you know they
• 4:25
  Speaker 4: expect Jacket. Why don't you check it? So you did
• 4:29
  Speaker 4: get the highest number of votes in Texas, So that's true.
• 4:32
  Speaker 3: But when you're talking to you, don't have to say
• 4:34
  Speaker 3: anything more, Joe, I got to say that. No, don't
• 4:38
  Speaker 3: say anything more. Don't qualify it by second. No, I've
• 4:41
  Speaker 3: got the highest.
• 4:42
  Speaker 4: Number of votes you did, and I'm moving on.
• 4:45
  Speaker 3: I have the best poll numbers I've ever had. You
• 4:47
  Speaker 3: know why, because people love the tariffs.
• 4:50
  Speaker 4: You don't have the best you ever had in overall
• 4:52
  Speaker 4: poll numbers, you do.
• 4:53
  Speaker 3: I have the best ball numbers I've ever had. Among
• 4:56
  Speaker 3: the poll numbers where I'm seventy one percent.
• 4:59
  Speaker 4: Those are among were among Republicans, No.
• 5:02
  Speaker 3: No, no, no, among Republicans ninety four and ninety five percent.
• 5:07
  Speaker 3: You don't put that on because I think CBS is
• 5:09
  Speaker 3: a shade. Actually CNN's a shade better than NBC. I
• 5:13
  Speaker 3: think NBC is probably the worst of them all.
• 5:15
  Speaker 1: All right, So from that clip you can see President
• 5:18
  Speaker 1: Trump was all over the place in trade deals, the tariffs,
• 5:22
  Speaker 1: the issues with inflation, the rate cuts, the Bureau of
• 5:25
  Speaker 1: Labor numbers, all of this really went back into one
• 5:29
  Speaker 1: other thing, and that was always you know, Trump's approval rating.
• 5:31
  Speaker 1: This corner is from Silver Bulletin, and this shows the
• 5:35
  Speaker 1: key areas of interest. So this is going to be immigration, economy, trade,
• 5:39
  Speaker 1: and inflation, all of which have dropped significantly down from
• 5:44
  Speaker 1: the period of when Liberation Day began. So just remember
• 5:48
  Speaker 1: all this began around Liberation or Liberation Day in the
• 5:52
  Speaker 1: sense of where tariffs were established and said this is
• 5:54
  Speaker 1: where we're going to go. Everything has started to drop
• 5:57
  Speaker 1: in terms of favorability for this, But it does lead
• 6:00
  Speaker 1: into the thing that I do want to talk about today,
• 6:03
  Speaker 1: and that of course, is a White House now starting
• 6:05
  Speaker 1: to wage war against the banks and especially on anti
• 6:09
  Speaker 1: crypto banking. Going forward, he did a lot in terms
• 6:13
  Speaker 1: of now setting up a potential executive order to actually
• 6:17
  Speaker 1: put some pressure on the bank. Here is a little
• 6:20
  Speaker 1: bit about that. Take a look.
• 6:21
  Speaker 2: You're prepping an order that they say would punish banks
• 6:24
  Speaker 2: that discriminate against conservatives, including potentially Bank of America. Can
• 6:29
  Speaker 2: you tell us about that.
• 6:30
  Speaker 3: I'll give you me as an example. I had hundreds
• 6:32
  Speaker 3: of millions loaded up with cash. They told me, I'm sorry, sir,
• 6:37
  Speaker 3: we can't have you. You have twenty days to get out.
• 6:39
  Speaker 3: I said, you got to be kidding. I've been with
• 6:41
  Speaker 3: you for thirty five forty years. That's Jamie JP Morgan jays.
• 6:46
  Speaker 3: I can't believe it. I've never had anything like it.
• 6:48
  Speaker 3: And it's not like g You're defaulted and alone. You know,
• 6:51
  Speaker 3: Jesus if I could understand that, that's different. But there's
• 6:53
  Speaker 3: no default. I mean, there's nothing but cash. I call
• 6:56
  Speaker 3: a Bank of America, routinely speak to him, and I
• 6:59
  Speaker 3: speak to couple of people, and they have zero interest.
• 7:03
  Speaker 3: Brian was kissing my ass when I was president, and
• 7:07
  Speaker 3: when I called him after I was president to deposit
• 7:10
  Speaker 3: a billion dollars, he said, we can't do it. Nope,
• 7:13
  Speaker 3: we can't do it. So I went to another, one, another,
• 7:15
  Speaker 3: one another one. I ended up going to small banks
• 7:17
  Speaker 3: all over the place. I mean, I was putting ten
• 7:19
  Speaker 3: million here, ten million there, and it's lucky I even
• 7:22
  Speaker 3: had them. They were doing me a favor. The banks
• 7:25
  Speaker 3: discriminated against me very badly. And guess what, I'm president?
• 7:30
  Speaker 3: How did that happen? All right?
• 7:32
  Speaker 1: So one point that you kind of compare this to
• 7:35
  Speaker 1: is remember that we had Brad garling House personally and
• 7:38
  Speaker 1: within the businesses that was also discriminated against. With these banks,
• 7:42
  Speaker 1: they were basically shutting these things down. This is kind
• 7:44
  Speaker 1: of goes all the way back to Chuck point two
• 7:46
  Speaker 1: point zero. But this, of course could get into an
• 7:49
  Speaker 1: executive order.
• 7:49
  Speaker 4: If it does, this will be.
• 7:51
  Speaker 1: A calling, I think, a wake up call I should
• 7:53
  Speaker 1: say to these banks going forward. Now, with all that
• 7:57
  Speaker 1: being said, you have to look at, well, where could
• 7:59
  Speaker 1: pill go? Well, they're going to go to places like Robinhood.
• 8:03
  Speaker 1: Here is course Robinhood talking about interest in pursuing the
• 8:06
  Speaker 1: bank charter. They went through their earnings call yesterday. A
• 8:10
  Speaker 1: couple of points he noted was is we found thus
• 8:12
  Speaker 1: far that we have all the capabilities available through the partnership, right,
• 8:16
  Speaker 1: now this is their existing bank, so they can actually
• 8:19
  Speaker 1: launch on what they have today without getting the charter.
• 8:24
  Speaker 1: So it was very interesting that this statement went on.
• 8:28
  Speaker 1: One other tweets that I want to jump into is
• 8:30
  Speaker 1: the date that all this is going to be available,
• 8:32
  Speaker 1: which is coming later in the quarter, right there in
• 8:34
  Speaker 1: that last sentence, later in the court.
• 8:35
  Speaker 4: Available to you guys.
• 8:36
  Speaker 1: In terms of banking, now, one of the things that
• 8:39
  Speaker 1: everybody questions is well, what about borrowing and lending? That,
• 8:43
  Speaker 1: of course is something that may be brewing in the background.
• 8:46
  Speaker 1: This was a course over on our own x account
• 8:49
  Speaker 1: where we just simply said, hey, glad Win ave because
• 8:52
  Speaker 1: this would be a perfect connection if you think about
• 8:55
  Speaker 1: Morpho and their connection to coinbase and how they've been
• 8:58
  Speaker 1: able to integrate in to the app that is a
• 9:01
  Speaker 1: DeFi ecosystem, so it obviously wouldn't need a banking charger.
• 9:04
  Speaker 1: So that might be a hidden gem that is brewing
• 9:07
  Speaker 1: under the hood of Robinhood, especially as our start to
• 9:11
  Speaker 1: roll out everything within the banking component as well. All right,
• 9:14
  Speaker 1: so I want to go to a clip real quick,
• 9:15
  Speaker 1: because this is something around USDG and why Robinhood selected it.
• 9:20
  Speaker 4: Take a look at.
• 9:20
  Speaker 5: This, you know, we continue to support you as DC.
• 9:23
  Speaker 5: We'll support whatever stable coin customers want. But yeah, us
• 9:28
  Speaker 5: DG I think has we think has a nice structure
• 9:31
  Speaker 5: as a consortium where we get the benefits of having
• 9:34
  Speaker 5: our own coin. Yeah, because if you think about it,
• 9:36
  Speaker 5: if I was offering you, as you know, a crypto
• 9:40
  Speaker 5: exchange or wallet operator robinhood coin, your first reaction might
• 9:46
  Speaker 5: be why would I have robinhood coin on my platform
• 9:50
  Speaker 5: and why would I endorse that? But if it's something
• 9:53
  Speaker 5: that's collectively owned, then I think that could be very
• 9:56
  Speaker 5: very powerful if the participants get to control the reward
• 10:00
  Speaker 5: in the yield and distribute it accordingly. So if we
• 10:03
  Speaker 5: bring more dollars into the network, admit more USDG, we
• 10:10
  Speaker 5: get a disproportionate amount of the awards based on what
• 10:12
  Speaker 5: we bring.
• 10:14
  Speaker 1: All right, So as you can see, mainly what he's
• 10:16
  Speaker 1: looking at there is the fact that if you kind
• 10:18
  Speaker 1: of compare this to other platforms like coinbase, etc. That
• 10:21
  Speaker 1: means that robinhood still has the capacity to retain one
• 10:25
  Speaker 1: reward capability within it, and also that other platforms couldn't
• 10:28
  Speaker 1: deny it like if it was a coinbase token or
• 10:31
  Speaker 1: a robin Hood token. This opens it up a lot
• 10:35
  Speaker 1: more efficiently to kind of go interoperable around all the
• 10:38
  Speaker 1: ecosystems out there. So if you look at the current market,
• 10:42
  Speaker 1: you kind of compare what's happening with Coinbase and Robinhood.
• 10:44
  Speaker 1: Here's the top analyst saying, hey, I've got a little
• 10:47
  Speaker 1: bit of a surprising pick. I don't know that it
• 10:49
  Speaker 1: was a surprise because if you look at the earnings
• 10:51
  Speaker 1: data on what Coinbase did versus what Robinhood performed, Robinhood's
• 10:56
  Speaker 1: revenues are exploding. And again this goes back into the
• 11:00
  Speaker 1: d of customer that I think Robinhood is effectively hitting.
• 11:03
  Speaker 1: And remember Robinhood is a brokerage, so that gives them
• 11:08
  Speaker 1: a one up in the market. Overall, their quarter two
• 11:10
  Speaker 1: revealed forty five percent jump. We're going to see a
• 11:13
  Speaker 1: lot more of this. We showed Kathy Woods portfolio the
• 11:15
  Speaker 1: other day exploding into Robinhood. Keep an eye right here
• 11:19
  Speaker 1: on the robin Hood stock. Further into this, let's go
• 11:22
  Speaker 1: over to Strobe Finance, because this of course will affect
• 11:25
  Speaker 1: XRP and others, especially around the potential to earn or
• 11:29
  Speaker 1: I should say borrow and lend. This is something though
• 11:32
  Speaker 1: that I think still needs some improvement. If you look
• 11:35
  Speaker 1: at some of the performance of what they're doing right there,
• 11:37
  Speaker 1: XRP not really available yet in terms of best rates
• 11:41
  Speaker 1: of what you can get within STROBE finance. But I
• 11:44
  Speaker 1: think the point is that this is coming to a
• 11:46
  Speaker 1: lot of DeFi ecosystems, So get ready banking is getting
• 11:50
  Speaker 1: ready to I think be unearthed here going forward, and
• 11:53
  Speaker 1: maybe all of this tied back to a executive order
• 11:57
  Speaker 1: that could put some more pressures on the bank. Let's
• 11:59
  Speaker 1: go back to another thing that's putting pressure on the markets,
• 12:03
  Speaker 1: and that is earnings week. Now, this gets back into
• 12:05
  Speaker 1: an area I've talked about often because I think this
• 12:08
  Speaker 1: is the precursor to a market downturn, is how food does,
• 12:13
  Speaker 1: especially in the restaurant industry.
• 12:15
  Speaker 6: Take a look the fast food chains could be, in
• 12:18
  Speaker 6: our view, could be seeing more compressed earnings than others,
• 12:21
  Speaker 6: and the reason behind it is that they're more exposed
• 12:23
  Speaker 6: to deliver income consumer that has a more significant amount
• 12:27
  Speaker 6: of pressure from a macro standpoint, where the pressure lies
• 12:30
  Speaker 6: in our view, still remains within the low income consumer segment.
• 12:33
  Speaker 6: Then we're going to see the evolution of that this
• 12:36
  Speaker 6: week with the print of four to five major qui QSRs.
• 12:42
  Speaker 1: All right, so I want you to pay attention to
• 12:44
  Speaker 1: what he was talking about QSR quick service restaurants. I
• 12:47
  Speaker 1: want you to pay attention to those earnings. This week,
• 12:49
  Speaker 1: McDonald's will be the one to watch. Starbucks is going
• 12:52
  Speaker 1: to be another to keep an eye on. Chipotle gets
• 12:54
  Speaker 1: into the fast casual category. But all of them are
• 12:57
  Speaker 1: interesting because if they start to slow. From what I'm
• 13:01
  Speaker 1: hearing from a lot of CEOs is they've been holding
• 13:03
  Speaker 1: back on taking price, meaning raising prices. If they slow
• 13:07
  Speaker 1: on earnings, you can bet with everything that's happening in
• 13:10
  Speaker 1: the tariff market, they are going to start taking price.
• 13:13
  Speaker 1: If that occurs, expect two things. One higher prices. That's
• 13:17
  Speaker 1: going to increase inflation. We're going right to the core
• 13:19
  Speaker 1: of the inflation heart and that is food and energy.
• 13:22
  Speaker 1: The other thing that I think it does is it
• 13:24
  Speaker 1: has an immediate effect on how the restaurants perform in
• 13:27
  Speaker 1: being able to hire new people. That's a big category.
• 13:30
  Speaker 1: You're talking about fifteen million people in the United States
• 13:34
  Speaker 1: alone that are employed there. If we get a big
• 13:36
  Speaker 1: hit there, that's a problem for the economy. And of course,
• 13:40
  Speaker 1: when you talk about that, you have to look at
• 13:41
  Speaker 1: rate cuts. Goldman sachs now saying that that we are
• 13:45
  Speaker 1: expecting a rate cut coming in September. Big surprise. You know,
• 13:50
  Speaker 1: this is something that I've been pressing for a while
• 13:52
  Speaker 1: because I believe that we should have taken it in July.
• 13:55
  Speaker 1: All of this data, I still feel has been out there.
• 13:59
  Speaker 1: You know. It's that we don't have economists out there
• 14:01
  Speaker 1: that can understand maybe where the real market is heading.
• 14:04
  Speaker 1: Because all this data is something that I've been talking
• 14:07
  Speaker 1: about for quite some time, and it's now starting to showcase.
• 14:10
  Speaker 1: So September we're going to see it now. Yes, that
• 14:14
  Speaker 1: means we're probably going to see continued inflation. Whether we
• 14:16
  Speaker 1: start to see inflation rolling toward the end of the year,
• 14:19
  Speaker 1: I don't know if it's going to be a big acceleration,
• 14:22
  Speaker 1: but I am expecting a considerable move up by first
• 14:26
  Speaker 1: of years. So keep an eye on that. Other things,
• 14:28
  Speaker 1: if you look at the FED decision in September, polymarket
• 14:31
  Speaker 1: is now skyrocketed to up over seventy percent. Likelihood is
• 14:35
  Speaker 1: this going to raise to eighty percent in the next
• 14:37
  Speaker 1: few weeks, I imagine? Other news, is Solana getting ready
• 14:42
  Speaker 1: to drop in because maybe you can fight some of
• 14:44
  Speaker 1: this inflation with some air drops. Well, the Seeker is
• 14:47
  Speaker 1: shipping this week and hopefully you guys are going to
• 14:50
  Speaker 1: get one. If you get your Seeker, by the way,
• 14:51
  Speaker 1: drop a comment down alot, let me know that you
• 14:53
  Speaker 1: received it, and we will do the same to give
• 14:56
  Speaker 1: you guys an insight. Hopefully we'll get it early enough
• 14:58
  Speaker 1: so we can show it to you guys. But it
• 15:00
  Speaker 1: is shipping. Fifty one hundred and fifty thousand devices starting
• 15:05
  Speaker 1: to go out right now, so be on the lookout
• 15:07
  Speaker 1: for that. If you look at the performance of where
• 15:10
  Speaker 1: they have been. Remember these air drops right here.
• 15:14
  Speaker 4: This was on the.
• 15:15
  Speaker 1: Original Saga that was a six hundred dollars phone. Now
• 15:18
  Speaker 1: over two thousand, that says today. So will we see
• 15:22
  Speaker 1: this repeat itself with a new device and see a
• 15:25
  Speaker 1: lot of new air drops, a lot of new DAPs,
• 15:27
  Speaker 1: a lot of new cool potential here. This is val
• 15:30
  Speaker 1: you fight inflation right now, and that is get out
• 15:32
  Speaker 1: of the system, guys. So if you're not in the system,
• 15:35
  Speaker 1: we'll jump into our system, and that is the Diamond Circle.
• 15:37
  Speaker 1: All you have to do is click the link down below.
• 15:39
  Speaker 1: It's our own private group and it's absolutely free. Follow
• 15:42
  Speaker 1: me on x at Paul Baron, We'll catch you next time,
• 15:44
  Speaker 1: right here on The Paul Baron Show.