Latest / The Paul Barron Crypto Show / CLARITY Deadline!🚨BANKS Demonize Yield Earners as "VAMPIRES?!"

Transcript

CLARITY Deadline!🚨BANKS Demonize Yield Earners as "VAMPIRES?!" · The Paul Barron Crypto Show

• 0:00
  Speaker 1: The Clarity deadline is here and it is looming today.
• 0:02
  Speaker 1: We'll break it down for you. I know it's very confusing,
• 0:05
  Speaker 1: so we'll explain all that for you. Don't miss it.
• 0:07
  Speaker 1: Let's just jump right in. I do want to thank
• 0:09
  Speaker 1: our sponsor today, that is Tangum, speaking of DeFi and
• 0:13
  Speaker 1: also self custody. This is the best source to use
• 0:17
  Speaker 1: when it comes to a self custody wallet. This is
• 0:19
  Speaker 1: a hardware wallet that works like a credit card with
• 0:22
  Speaker 1: your phone. That's the easy way to explain it. Very
• 0:25
  Speaker 1: easy to set up and super secure as a crypto
• 0:28
  Speaker 1: hardware wallet. Just hit that get Tangent button right there.
• 0:31
  Speaker 1: It's going to take you to the three card set.
• 0:33
  Speaker 1: Get that bitcoin reward because it will give it to you.
• 0:35
  Speaker 1: Plus you'll get an additional money and all of this stacks.
• 0:39
  Speaker 1: Get some tokens over off your centralized exchanges, start to
• 0:42
  Speaker 1: move them on to here.
• 0:42
  Speaker 2: It's the only way to go, guys.
• 0:43
  Speaker 1: And I'll explain more about this in today's show. Let's
• 0:46
  Speaker 1: just jump right into it. I want to start off with,
• 0:49
  Speaker 1: of course, the tracker that we put up right here,
• 0:52
  Speaker 1: stable Coin Yield Fight Compromised Deadline. Well, it's twenty eight
• 0:55
  Speaker 1: hours away, and it looks as though the likelihood of
• 0:59
  Speaker 1: this compromise is real and it's being charged out into
• 1:03
  Speaker 1: the market by the OCC. We'll get explained a little
• 1:05
  Speaker 1: bit more about that, but if you look at polymarket
• 1:07
  Speaker 1: right now, look at this date right here. So it
• 1:10
  Speaker 1: was it hovering it around forty eight percent on the
• 1:13
  Speaker 1: twenty fifth, that was two days ago. We started seeing
• 1:16
  Speaker 1: rumblings coming out of DC, the OCC comes in and
• 1:20
  Speaker 1: then pop we go up to almost seventy percent and
• 1:24
  Speaker 1: holding now it's sitting at sixty nine percent right now.
• 1:27
  Speaker 1: I think this spike's considerably, maybe even in the next
• 1:29
  Speaker 1: twenty four hours, as things start to come out of
• 1:31
  Speaker 1: DC and more insiders start to get the inside of
• 1:34
  Speaker 1: what's happening right here. So we put this video out
• 1:37
  Speaker 1: yesterday and it was explaining the OCC narrative that was
• 1:41
  Speaker 1: starting to percolate all of this. Everybody thought it was
• 1:45
  Speaker 1: somewhat bullish for crypto, but in reality, in our video
• 1:49
  Speaker 1: we were outlining this is a ban on stable coins
• 1:52
  Speaker 1: and it's being white house backed. That was the whole
• 1:54
  Speaker 1: issue of the video that blew up yesterday. If you
• 1:56
  Speaker 1: didn't watch it, go back and check it out. Cornbier
• 1:58
  Speaker 1: comes in and kind of reiterates the very exact same
• 2:02
  Speaker 1: thing we had been reporting on, which of course, is
• 2:04
  Speaker 1: that this is the Office of the Comptroller of the
• 2:07
  Speaker 1: United States. This of course means that the White House
• 2:10
  Speaker 1: potentially is behind the banks in representing no stable coin yield,
• 2:16
  Speaker 1: meaning banning stable coin yield for you and I, normal
• 2:20
  Speaker 1: everyday people are now starting to realize this is not
• 2:23
  Speaker 1: a good thing. Here, of course, was Jonathan Gould, the
• 2:26
  Speaker 1: guy behind all of this since the financial crisis, community banks,
• 2:30
  Speaker 1: and of course this is all happening, I think because
• 2:32
  Speaker 1: of our video. Since the financial crisis, community banks with
• 2:35
  Speaker 1: less than one billion dollars in total assets have seen
• 2:38
  Speaker 1: their numbers cut in half. He is going after the
• 2:40
  Speaker 1: same narrative that the big banks went after when they
• 2:44
  Speaker 1: were challenging the whole issue of stable coin yield. So
• 2:48
  Speaker 1: that only verifies what we had been talking about. And
• 2:51
  Speaker 1: here is what they think about you and I, people
• 2:54
  Speaker 1: that earn money on their stable coins.
• 2:57
  Speaker 2: The wild West of four percent digital.
• 3:00
  Speaker 1: Yields is ending. This is what they think of you.
• 3:03
  Speaker 1: Now let's go further into the article. The national banking
• 3:06
  Speaker 1: system will not allow stable coins to act as high
• 3:10
  Speaker 1: yield vampire on bank liquidity. You and I are vampires
• 3:15
  Speaker 1: on bank liquidity. These are the people that are after
• 3:19
  Speaker 1: our way to earn money on our own crypto, and
• 3:23
  Speaker 1: it's all being backed now by this administration. This is
• 3:26
  Speaker 1: where I draw the line because crypto is a single
• 3:29
  Speaker 1: vote measurement that I think a lot of people put
• 3:32
  Speaker 1: Trump in the White House to protect, and this is
• 3:35
  Speaker 1: not the way it's going and it definitely is going
• 3:37
  Speaker 1: to show out. I think in a second now, I
• 3:39
  Speaker 1: want to play a clip for you, because this is
• 3:41
  Speaker 1: bo Hines of Tether talking about this listening.
• 3:45
  Speaker 3: You know, I think it's probably eighty to ninety percent
• 3:48
  Speaker 3: likely that it passes. Everyone in the media is talking
• 3:50
  Speaker 3: about this yield debate. The easy solution here is to
• 3:53
  Speaker 3: get an O a CC charter, and that way you
• 3:55
  Speaker 3: can engage in the same model of yield sharing relationships
• 3:57
  Speaker 3: that you could with your consumers, just like a bank would.
• 4:00
  Speaker 3: This really only pertains to want actor in the space,
• 4:03
  Speaker 3: and so I think that a lot of the folks
• 4:05
  Speaker 3: in the crypto world are now unified, and I think
• 4:07
  Speaker 3: that's probably going to be the landing place with clarity,
• 4:10
  Speaker 3: you know, knowing how David and Patrick work, both brilliant people.
• 4:14
  Speaker 1: All right, So you heard in that clip Boheinz say
• 4:17
  Speaker 1: something very important. Get in line, get the OCC license,
• 4:21
  Speaker 1: banking license, and then start participating in the same model
• 4:25
  Speaker 1: that the banks are doing today, which is screwing you.
• 4:28
  Speaker 1: They're not giving you anything. And that's the kind of
• 4:30
  Speaker 1: situation we're dealing with now.
• 4:32
  Speaker 2: Okay.
• 4:32
  Speaker 1: Another point that he had in that was it nobody
• 4:34
  Speaker 1: cares about this accept coin base. That's who he was
• 4:36
  Speaker 1: alluding to. But I think he's wrong. I think a
• 4:39
  Speaker 1: lot of attorneys are getting ready to jump in this
• 4:41
  Speaker 1: as well. Here's a bank lobby that got the OCC
• 4:44
  Speaker 1: this week's announcement about stable coin Centate banking is now
• 4:47
  Speaker 1: getting ready to get I think attacked because this is
• 4:49
  Speaker 1: bad for consumers and it does slow down stable coin adoption.
• 4:53
  Speaker 2: You need to call your.
• 4:55
  Speaker 1: Senator now and let them know how badly this is
• 4:58
  Speaker 1: being screwed up right now as we go forward, so
• 5:01
  Speaker 1: much so that even Elizabeth Warren is jumped into the
• 5:04
  Speaker 1: fight talking about the OCC. They sparred over what was
• 5:09
  Speaker 1: and we know to be Trump's narrative behind this. Because
• 5:13
  Speaker 1: if you scan in here, the bank regulator refused Thursday
• 5:17
  Speaker 1: to delay or deny a bank charter application from guess
• 5:21
  Speaker 1: who were ad Liberty.
• 5:22
  Speaker 2: Finance, So they are also on the line.
• 5:25
  Speaker 1: List of getting an OCC license, and it clearly starts
• 5:30
  Speaker 1: to line up as a whole lot of people that
• 5:33
  Speaker 1: are in that list, and that of Coursescrypto dot com.
• 5:36
  Speaker 1: You've got Circle in their big Go, Stavecoin, of course,
• 5:39
  Speaker 1: Ripple Digital Assets packsos. All of these are lined up
• 5:43
  Speaker 1: to get OCC license, and of course World Liberty Fi
• 5:45
  Speaker 1: is no different. This is all going to continue down
• 5:48
  Speaker 1: the pipeline. Morgan Stanley now has applied to form a
• 5:51
  Speaker 1: national bank focused on digital asset activities. Well, I wonder
• 5:55
  Speaker 1: why everybody's getting into the game so that they can
• 5:57
  Speaker 1: get into trad fi being able to steal fy your
• 6:03
  Speaker 1: rewards on your stable coins. That's the only way that
• 6:06
  Speaker 1: these guys can, of course continue to suck as a
• 6:09
  Speaker 1: vampire on the American consumer. I want to go further
• 6:12
  Speaker 1: into this because here's Warren. I never thought I would
• 6:15
  Speaker 1: say this, Elizabeth Warren actually grilling Gould on bank charters.
• 6:20
  Speaker 4: Take a look, controller Gould, you run the OCC. Did
• 6:25
  Speaker 4: World Liberty disclose in its application that the spy Shakes
• 6:30
  Speaker 4: Company was a principal shareholder in the proposed bank.
• 6:34
  Speaker 5: I'm not going to discuss the specifics of any application.
• 6:39
  Speaker 4: Are you telling us you won't tell that whether or
• 6:42
  Speaker 4: not they disclosed it? Do you acknowledge that it is
• 6:45
  Speaker 4: supposed to be disclosed?
• 6:46
  Speaker 5: Unlike the last four years of the Biden administration, we
• 6:50
  Speaker 5: are actually doing what we say will do, and I
• 6:52
  Speaker 5: would realize.
• 6:52
  Speaker 4: You see if you're doing what you say you will do.
• 6:55
  Speaker 4: The OCC regulations require World Liberty to disclose all principal shareholders.
• 7:02
  Speaker 4: Failure to do so would be grounds for dismissal of
• 7:05
  Speaker 4: the application. Evidently you have not dismissed the application, so
• 7:09
  Speaker 4: I assume the disclosure was made. Will you show Chairman
• 7:13
  Speaker 4: Scott and me an unredacted application so that we can
• 7:19
  Speaker 4: see that for ourselves and see that you are in
• 7:21
  Speaker 4: fact following the law.
• 7:23
  Speaker 5: Senator, the only thing to which I will commit is
• 7:25
  Speaker 5: free and.
• 7:27
  Speaker 4: We have oversight here. Will you commit to doing.
• 7:30
  Speaker 5: That we're doing and affording you the same privileges that
• 7:33
  Speaker 5: we have afforded pass administrations.
• 7:35
  Speaker 2: I don't know that.
• 7:36
  Speaker 4: Anyone's ever had to ask that before, because I don't
• 7:38
  Speaker 4: think any president has ever had a pending bank application before.
• 7:44
  Speaker 1: This is getting nastier and nastier as you can see,
• 7:48
  Speaker 1: and it's all flowing downhill and it continues. If you
• 7:52
  Speaker 1: look at what Patrick wit actually did on Twitter right here,
• 7:56
  Speaker 1: this was.
• 7:57
  Speaker 2: A Bloomberg tweet that really was just.
• 8:00
  Speaker 1: JP Morgan saying, hey, watch, the market's gonna pump after
• 8:05
  Speaker 1: clarity is through. Don't worry, Let's strip all of the
• 8:07
  Speaker 1: good stuff out of it for crypto investors, retail investors.
• 8:11
  Speaker 2: But the market's gonna pump.
• 8:12
  Speaker 1: And then of course Patrick Quitz says, interesting that that
• 8:15
  Speaker 1: will happen. Interesting that that will happen. All right, So
• 8:19
  Speaker 1: while we are banning yields occ coming in striking all
• 8:23
  Speaker 1: of this down. While we're doing all that, the Japanese
• 8:25
  Speaker 1: are going over Don't worry, We're gonna have a yield
• 8:27
  Speaker 1: party over here. Come on in SBI Holdings in Startale
• 8:31
  Speaker 1: Group now have launched and unveiled the Japanese stable coin
• 8:36
  Speaker 1: while all of this happened. This is a first trust
• 8:38
  Speaker 1: bank backed JPY stable coin in partnership with one of
• 8:42
  Speaker 1: the biggest banking industries that are in Japan. And we
• 8:45
  Speaker 1: will have Soto on the show. You guys watch for
• 8:48
  Speaker 1: the video. I'll drop it tomorrow This is an example
• 8:52
  Speaker 1: of what is going on over there. Sotowatanabe there was
• 8:55
  Speaker 1: appointed as an external director of SBI Holding, so they
• 8:59
  Speaker 1: are getting in the game and quick. And this is
• 9:01
  Speaker 1: something I asked him dead on, is that do you
• 9:05
  Speaker 1: think that we are going to see Asia, especially Japan,
• 9:07
  Speaker 1: possibly lead the way around digital assets in the future.
• 9:11
  Speaker 2: With everything that's happening right now.
• 9:13
  Speaker 1: Which is a little dirty stable corn yields going down,
• 9:16
  Speaker 1: interest rates going down. What you're dealing with now is
• 9:19
  Speaker 1: a borrow and a lend rate that eventually is going
• 9:22
  Speaker 1: to really create some extraction opportunity, possibly a DeFi summer
• 9:27
  Speaker 1: maybe coming back to us. And if you're paying attention,
• 9:30
  Speaker 1: this is going to be an opportunity for you guys,
• 9:33
  Speaker 1: if you understand where this is going. We'll do a
• 9:35
  Speaker 1: lot more videos on this in the coming weeks because
• 9:37
  Speaker 1: this is going to be important. I think coming up
• 9:39
  Speaker 1: this gave kind of an example of the winner scenario.
• 9:43
  Speaker 1: The end user is only going to win through abstraction,
• 9:46
  Speaker 1: and this is going to be the scenario I think
• 9:48
  Speaker 1: all of you. What I mean by that is DeFi
• 9:50
  Speaker 1: will become your home. You're going to see more dollars now.
• 9:54
  Speaker 1: It is going to be the crypto native. But I
• 9:56
  Speaker 1: think people are going to start to learn. Maybe finally
• 10:00
  Speaker 1: people are waking up to what is happening in our
• 10:02
  Speaker 1: administration and in our government. That will start to put
• 10:06
  Speaker 1: us in a position where we can.
• 10:07
  Speaker 2: Go out there and shop the best rates.
• 10:09
  Speaker 1: Guys, I am very anti bank right now because of that.
• 10:12
  Speaker 1: What that means is you're going to see a rush,
• 10:16
  Speaker 1: especially with crypto natives, into staking things like ethereum and
• 10:21
  Speaker 1: other assets where you can start to get more. When
• 10:24
  Speaker 1: we start to supersede the inflation rates, which will probably
• 10:27
  Speaker 1: be somewhere around two and a half to three percent
• 10:29
  Speaker 1: by that time, we will start to see staking become
• 10:32
  Speaker 1: the only way to hold money as opposed to cash,
• 10:36
  Speaker 1: because cash essentially would be losing its value from the onset.
• 10:41
  Speaker 1: Right now, it used to be somewhat decent. You could
• 10:43
  Speaker 1: keep ahead of it by just putting cash into a
• 10:46
  Speaker 1: stable coin and getting four percent five percent in some
• 10:49
  Speaker 1: cases not any longer. Of course, the occ has solved
• 10:52
  Speaker 1: that for us, So we'll be covering this and more.
• 10:56
  Speaker 1: You guys, stick around for all that good stuff. Next
• 10:58
  Speaker 1: week is going to be very interesting because it will
• 11:01
  Speaker 1: be March, and President Trump said get it done. If
• 11:12
  Speaker 1: you like this video, like and subscribe, drop a comment
• 11:14
  Speaker 1: down below, and also join our free private member group.
• 11:18
  Speaker 2: The link is in the description