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Global Finance Forum Powered By Genesis Gold Group |EP440 · The Big Mig Show

0:00
I got to say the little holiday commercial there for Genesis
0:03
Gold made me smile. I'm pumped up, had a little shot
0:06
of creatine, had my green drink, got my caffeine going.
0:09
George just had a little tough morning, that's for sure.
0:11
But of course, welcome back to the big big show global finance
0:14
forum powered by Genesis Gold Group with your host Jacob Diaz,
0:17
Lance Miliaccio and George Ballantine.
0:20
You know, this show is all about bullion borders.
0:22
We're your go to source for cutting edge insights from the
0:24
world of finance. And of course, Genesis Gold
0:27
Group believes in empowering faith driven stewardship.
0:30
Gold and silver are integral part of a balanced portfolio.
0:33
Protecting your finances with precious metals has never been
0:36
more crucial or any easier with Genesis Gold Group.
0:39
And of course, join us as we explore the forces shaping
0:41
global markets, the power of precious metals, and the
0:44
dynamics that influence economies across borders.
0:46
This is your weekly financial roundup.
0:49
Jacob Diaz, man, what do you think?
0:51
What do you think of George's holiday intro he got?
0:53
He had to throw in the little holiday vibe there, right?
0:56
No, it kind of made me want to boogie a little bit.
0:58
It felt real nice. George, how you doing man?
1:01
I know you had a little Internet glitch this morning.
1:03
You getting things ironed out good.
1:04
Morning, bro. It's this been from last night
1:06
since doing the show? Yeah, I know you've been.
1:08
Stressing you were a little stressed last night.
1:10
We had a great show last night, really interesting.
1:12
We had a guy on that I think is the expert on a guy named Paul
1:16
LaRue. And if you know who Paul LaRue
1:18
is, he is supposed to be well, and some people say he is, some
1:22
people say he isn't, but he is the most likely candidate to be
1:25
Satoshi Nakamoto. So, yeah, with that, with the
1:29
Bitcoin wallet with $111 billion or so, maybe 112 or 13 billion
1:34
this morning. I don't know where Bitcoin's at.
1:36
That wallet's been missing since 2012.
1:39
So it's pretty interesting. We can talk a little bit more
1:42
about it. But before we fire up, I want to
1:43
just talk about the Genesis Gold Group 62.2g prepper bar
1:49
perforated, you know, move it over here for the camera.
1:51
Obviously perforated and easily broken down into your choice of
1:53
three different denominations fits a multitude of needs.
1:56
Whether it be for asset protection from inflation,
1:58
economic turmoil, or its unique utility for barter and trade.
2:02
The Prepper Bar makes a perfect gift and with that little
2:05
holiday vibe, they've got both gold and silver in stock.
2:08
You don't want to wait because they are running low.
2:10
You want to get over there and order right away at
2:12
thebigmigbar.com. Minted and mined here in the US,
2:16
so no concerns about any of that counterfeit gold and silver
2:19
that's been coming out of China or anywhere else.
2:21
Great opportunity. You can see it so thin.
2:23
This isn't a little plastic case, so it looks a little
2:25
thicker, but it'll fit right in your wallet.
2:28
So it's a great way to have a backup plan just in case your
2:31
credit cards or US currency doesn't work.
2:33
You never know with what bricks or what's going on with our
2:35
economy. You can have this with you all
2:37
the time. It's a great one to give to your
2:38
loved ones, your grandchildren. Super great stocking stuffer.
2:42
George has been working the Genesis Gold guys for a Gold 1.
2:45
I don't know if it's going to happen.
2:46
I don't know if he's been good enough.
2:48
You never know. But of course, get a hold of
2:50
these thebigmigbar.com. Head over there.
2:52
Now that the QR codes on the screen, George does the tech.
2:54
He makes it easy for you. Take a snapshot, save it.
2:58
I'm telling you, your grandkids, your children, anybody would
3:01
like to have a little one of these babies jammed in that
3:03
stocking. Oh, and there's the gold.
3:05
Of course, Jacob has to always rub it in with the gold one.
3:09
He's also got that kilo bar floating around that day.
3:11
One of these days, that's. It I'm taking one of these
3:14
intro. That's it.
3:16
One of these days I might have to just slide through that
3:18
office and see if I can snatch that kilo.
3:21
All right, so listen. Desk drawer.
3:23
I'll have you now. What can you say that again?
3:26
I said it's a heavily secured drawer in this desk.
3:31
I'll get it, trust me. It's, it's not, it's, it's the
3:34
high skiff desk drawer. You can't get into it.
3:36
It's got it's got a a bunch of a Geo fencing and of course alarm
3:40
systems. Before we go any further, how is
3:42
Jonathan doing? And Jonathan, if you're
3:44
listening to my prayers, our prayers to your continued
3:46
recovery on your back, I'm sorry Jacob did that to you.
3:50
Whatever. He's doing a lot better.
3:52
I just got off the phone with him.
3:54
He's, I think he said he was about 60% feeling, feeling
3:57
better. But it's, you know, it's a
3:58
recovery process. So he'll be, he'll be back on
4:01
his feet. I was with him on Tuesday and
4:04
it's looking, it's looking good. He'll, he'll be, he'll be back,
4:06
back to 100. Yeah, that's great that you
4:08
didn't suplex him over a bonus or something, did you?
4:11
Is that what happened to his back?
4:12
Wasn't anything like that. I Oh, no.
4:14
We. Had to stop wrestling a couple
4:15
years back. Actually I.
4:17
Just wanted to make sure. I know he's missing a witty
4:19
banner with me, so you know he's.
4:21
Not Yeah. Well, listen, we're we're happy.
4:23
He's doing well. I was concerned the other day
4:25
and I hadn't heard anything. I got a little concerned.
4:27
That's great here. Great to share with the
4:28
audience. We asked the audience over on
4:30
the other show. It's on our regular show.
4:31
And rumble the put some prayers out.
4:33
George, I'm sorry, what? Scared of me?
4:34
He doesn't want to come around. He needs to take a little break.
4:37
He doesn't, you know, he doesn't know how to react with the gold
4:40
bar and the witty banner. So just an excuse, right
4:43
Jonathan? Yeah, I think he just, I think
4:47
he knew that with the T-shirt that you have on today, there
4:49
was nothing he could say about it, right?
4:50
That's right. Baby, that's right.
4:53
All right so well, let's dig in lots going on.
4:56
You know I want to start the show like we usually do.
4:58
We always want to talk about gold and silver.
5:00
We have an expert in the house like you Jacob lots.
5:03
The markets are reacting from the US inflation data.
5:07
I don't know where we sit today the the spot price I'm calling
5:11
out right now is 2717 eighty per oz.
5:14
It hit a peak of 2007, 2579. What do you, I don't know where
5:19
we sitting today because I know you've got that up on those
5:21
screens all around your office. Yeah, I, I think it's just shy
5:24
of 2700 right now. You know, like any time that
5:29
you're thinking about buying gold and silver and this is a
5:31
recommendation we always make to any of our clients or any
5:34
seasoned investor is is you're not buying the price today to
5:38
sell it tomorrow. It's certainly not something
5:39
you'll be day trading or anything like that.
5:42
So we tend to try to, you know, stay out of the nitty gritty of
5:45
looking at it, what it's doing today, what it's doing tomorrow
5:47
and keep your eyes on the horizon.
5:49
Where will it be three, 5-10 years from now, especially when
5:52
folks are considering diversifying with the portfolio
5:55
for their retirement IR as four O 1 KS.
5:59
You know, for a lot of people that might still be a couple
6:01
years away, you know, and, and JP Morgan actually just released
6:04
their predictions last week and they've actually been the single
6:08
most accurate institution at predicting gold prices year over
6:12
year for the last three years. And their price target for gold
6:15
was over 3000. Their price target for silver
6:18
was $38 and change. So you know, like I said,
6:22
regardless of of of the price today, the price yesterday, it's
6:26
important that we keep our eyes on the horizon in the future is
6:28
certainly bright. Yeah, I think it's interesting,
6:32
you know, for everybody out there.
6:33
I don't know if they people caught this, and I'm sure you
6:35
did, Jacob, if you saw that. Naive Buchuli.
6:39
I think it's just pronounced for Buchelli, if that's how you
6:41
pronounce. I'm not sure.
6:43
Sometimes I screw up names. Of course, mine's difficult
6:45
enough, but they just announced they found a reserve in the
6:49
ground of $3 trillion in gold. Where?
6:52
I don't know if you caught that news.
6:54
Yeah, I saw that you hear about this once every couple years, if
6:58
not more often when you're in the gold business.
7:01
I believe that it needs to be verified.
7:03
And if it will, if it is verified, you know, we'll see
7:05
what the impact is on the market.
7:07
But whenever it's talking about some massive gold reserve that's
7:12
that's magically found after years of trying, I tend to be a
7:15
little bit skeptical. But I'll believe it when I see
7:18
it. Well, the demand's so high that
7:19
I think it could probably only benefit the market in in its own
7:22
way. Of course, it takes years and
7:24
years and years and years to get the mining operations set up and
7:27
get that out of the ground. Just the sampling alone can take
7:30
you, you know, 3-4, five years to get the sampling incorrectly
7:33
decide how you're going to mine that.
7:35
So I know that's complicated, but I want.
7:38
To add something, Hold on. Yeah.
7:39
The one thing if you look at throughout history from since
7:43
they've been trading with gold, even silver, you can never go
7:47
wrong with having it, investing it because prices may go up and
7:51
down, things may tank, you may lose out completely on stocks
7:54
this and that. But with gold and silver, you
7:56
have never lost out. No one's ever lost out investing
8:00
in it. So I mean how?
8:02
How can you go wrong? Yeah, when you have an asset
8:05
class that's up, you know, 5-6 hundred percent over the last 20
8:09
years and all you had to do was buy something and forget about
8:12
it, you know, it's really pretty tough to make an argument
8:14
against. And a lot of times I, I tell
8:16
folks, especially those who haven't sort of waded into the
8:19
waters of gold and silver before, you don't, you don't buy
8:22
the price of gold. You're not buying it because
8:25
it's 2650 or 2720. You're buying the, the security
8:29
and the Peace of Mind for your portfolio and for your family.
8:33
That's ultimately the value of what we do and what we offer,
8:36
and it's the value of gold and silver.
8:38
Hey Jacob, break me off a piece of that prepper bar.
8:43
The gold one, please. George, he can't do a show
8:49
without jumping in on that. But listen, we had a nice, we
8:51
had a little a little uptick on Silver 3215.
8:55
I don't know where it's at today.
8:56
I also grabbed the nine month chart showing that resistance
8:59
level that it's gone up against a couple of times.
9:02
I think at some point we're going to see that breakthrough.
9:04
What are your thoughts on the chart and where do you think
9:06
we're heading here, Jacob, at least as far as Silver in the
9:09
near term. We know about the Samsung
9:11
technology. We know about, I saw some high
9:15
orders because of military demand throughout Asia.
9:18
There was a big uptick in silver ordering for them.
9:21
And I assume it's because the same uses we see here for a
9:24
military technology. They're thinking themselves.
9:27
Hopefully it's not because they're all planning for World
9:29
War Three. But at the end of the day, that
9:31
resistance level, we've almost broke through a couple of Times
9:33
Now, huh? Yeah.
9:35
It sure looks that way and I think we're we're poised for a
9:37
big breakout. The gold silver ratio is still
9:40
favouring silver as being undervalued has been for the
9:43
last couple years. To me, it's not a matter of if
9:47
silver breaks out, it's just a matter of when.
9:50
And I think folks that are getting in now at a price in the
9:52
low 30 twos, I would, I would be shocked if we didn't see it hit
9:57
3536 thirty $8 in the next 6 to 8 months.
10:01
And beyond that, I mean, you know, I've said it before.
10:04
I think we're looking at three figures silver probably by the
10:07
end of the decade, maybe early next.
10:10
Yeah, there, there's no doubt and a lot of people are on your
10:13
side on that. There was a lot of predictions
10:14
much higher than that. George, throw up that intraday
10:17
because it kind of shows the pattern where it keeps trying
10:19
that resistance, it'll try to punch through and kind of pulls
10:22
back. Usually that happens.
10:23
You usually see a resistance breakthrough after the third
10:26
time it hits. So I don't know if that's
10:28
something we're going to see or not.
10:30
There's an anticipation, of course, in in both gold and
10:33
silver of the Federal Reserve interest rate cut, a 98.6%
10:38
likelihood of a 25 basis point reduction.
10:42
The rising consumer prices in November, you know, marking a
10:45
higher increase in the last seven months.
10:47
What and of course, the geopolitical tensions.
10:49
What do you think some of that? Any thoughts on the Fed lowering
10:53
rates? Yeah.
10:56
You know, obviously it's going to you if if they continue to
11:02
lower rates, you know, it's going to impact mortgages and,
11:05
and things like that probably cool off.
11:08
You know, the, the OR excuse me, impact the cooling off labor
11:11
market. Is it enough is the question.
11:15
You know, a quarter point when they're saying this is probably
11:17
going to be the last one for a while.
11:19
It seems like the Fed is posturing to just sort of wait
11:22
and see, right? Which is, which is, I'm not
11:25
saying is the worst approach, but the reality is as soon as
11:28
Trump takes office here, you know what's getting a shorter
11:32
and shorter timeline? We know what his plans are,
11:35
right, tariffs across the board. And, you know, we're talking
11:39
about some big economies getting involved here.
11:41
And what's not going to happen is these folks who have been
11:44
trying to skirt the rules or screw over the American people
11:48
or screw over the country, they're not going to take that
11:51
necessarily lying down, right? And So what might come of that,
11:54
you might know, we've seen it before, you know, trade war,
11:58
which leads to hyperinflation, all of which, you know, impact
12:02
the pocketbook of the people in the American Society.
12:05
And you know, a great way to hedge against that, like I've
12:07
always said, is, is gold and silver for for any outcome
12:10
really. Yeah, there's no, there's no
12:12
doubt. I think all of that when you
12:15
when you look at the market outlook, a lot of analysts are
12:18
looking at the overall market divisions and they're they're
12:20
very supportive of gold. Of course, they're looking at
12:23
the US producer price index data and the European Central Bank's
12:27
upcoming meeting. I think those both look positive
12:30
for gold and of course silver's performance.
12:32
One of the things that's really the, the demand is had a
12:35
dramatic increase is in solar sector.
12:37
I looked at the purchasing in the solar sector and it's way
12:41
up. And of course, you know,
12:43
investors are looking at as, as a store of value.
12:46
I think there's so many things that are potentially impacting a
12:49
rise in silver that I, I think it's just inevitable in my
12:52
opinion. Of course, this isn't financial
12:54
advice. We always want you to check with
12:55
your own financial advisors or of course, call the guys at
12:58
Genesis Gold Group, get a, get a call over to them and they'll
13:00
give you the, the straight, the straight scoop on whatever's
13:03
going on. I, I think we'll have to just
13:05
keep an eye on and see what happens.
13:07
But of course, what's really been in the news a lot.
13:10
We see more and more brick stuff and just the BRICS nations
13:14
advance to de dollarization efforts amid US tariff threats.
13:18
They continue to push, do they not?
13:20
George, I don't know if you've been following it.
13:22
I don't know if you have. But Jacob, what are your
13:23
thoughts on the BRICS alliance and kind of what's coming up
13:26
right now? Yeah.
13:28
I mean, when you have some of the largest economies on the on
13:31
the globe establishing alternative payment systems to
13:34
try to circumvent the use of the dollar.
13:37
They've really doubled down on what we've been fearing or we've
13:40
known what was happening but was a cause for concern for for
13:43
years. And it's that they want to
13:45
circumvent the United States dollar to try to take away the
13:48
power of the United States on a global scale, right?
13:51
And, and who knows what that'll look like ultimately.
13:53
There's been talk, obviously, of this currency ultimately being
13:55
backed by gold. Ultimately, there's a lot of
13:58
really interesting developments happening in the BRICS nations.
14:01
They're talking about adding countries like Saudi Arabia, the
14:04
UAE, Indonesia into the framework, which really puts it
14:08
on on the mainstage here. Yeah, for sure.
14:14
And I wonder, you know, my thought is he came out with that
14:17
tariff comment. I, I, I know it was probably
14:20
trying to slow things down, but I almost feel like there's this
14:23
trend of the BRICS nations that they feel retaliatory at this
14:26
point. So I don't know if that was a
14:28
good call the way he came out of the gate, not that I don't think
14:31
it maybe has to be done. I don't like the the soft sell
14:35
conversation he had with the president of Mexico.
14:38
I think he should have hard lined that conversation because
14:41
we're still having a major problem with narcotics and of
14:44
course the cartels here in the United States and transnational
14:46
gangs. We've had major increases in
14:49
violent crime and crime linked to them all across the nation.
14:52
So I, I feel like he kind of candied that with her.
14:55
But then he comes out with the with the tariff shot for
14:57
everything else. And I wonder what those tariffs
14:59
are going to do. In some areas, I could think
15:02
it's probably beneficial, but in other areas, I think about the
15:04
small business person that's been making money on goods that
15:07
are coming out of the country. What do you think of that impact
15:09
looks like? Any thoughts?
15:12
Yeah. I think, you know, in the medium
15:15
long term, I think it's absolutely the right move.
15:18
I think it'll help to re establish the fact that, you
15:21
know, it's a new era of the United States and we're not to
15:24
be, not to be messed with. We're no longer going to be
15:26
pushovers. Like the country's been looking
15:28
at us for four. The world's been looking at us
15:30
for four years thinking they can just take our lunch money,
15:33
right? That's the reality of it.
15:35
Because we had, you know, Sleepy Joe in office.
15:38
But now that Trump will be back, I, I, I believe in his vision
15:41
100%. I think in the long run, it'll
15:44
be the best thing for this country to re establish some
15:46
dominance and show us, show the world how powerful the country
15:50
really can be. I think though, in the short
15:53
term, we might feel some pain. A trade war, generally speaking,
15:57
it doesn't do a lot of good for for the American people in terms
16:01
of, you know, it hits them in the pocketbook.
16:03
Like I said earlier, short term pain, long term gain.
16:08
And who knows that pain, that pain could be a couple years.
16:10
It could last, you know, his presidency.
16:12
And like I've always said, I believe we got the right man for
16:15
the job. I think it was a blessing that
16:16
that he won the election. I'm starting to think that
16:19
things may be played out, you know, the way they've been
16:21
supposed to, the way that God intended over the last, you
16:24
know, 12 years. And, and now we're right back on
16:27
the right track. But, you know, you'll hear me
16:30
and Jonathan say this all the time.
16:31
It takes a cruise ship 5 miles to make AU turn right.
16:35
There's been a lot of, you know, bad momentum thanks to this last
16:38
administration. And I think we got the right
16:40
man, you know, behind the helm. But it's just going to be about
16:43
how much he can accomplish in four short years.
16:46
Let me rephrase. Let me help you out.
16:49
I know we have the right man in there, but I totally agree with
16:52
you. It's going to take time.
16:53
Nothing's going to happen overnight.
16:57
I believe we have less than two years to make a lot of
17:00
Corrections because you don't know what's going to happen in
17:02
the next Congress after that. You know who, who has control.
17:06
But while they have control that they have to be, there's no time
17:09
to mess around. And let's face it, Trump loves
17:13
gold. We all know that Trump loves
17:15
money, loves good business. I think I'll turn around.
17:18
It's just a matter of time wise. But you know, recently, even I
17:23
think today, like all the big tech CE OS are they're all going
17:27
to see him from the Google CEO to Amazon, Jeff Bezos, they're
17:32
all going and and they're all like they're ready to get on
17:34
board. You know, they seen the
17:36
difference from the first four years to now.
17:38
And you know, they seen a lot of the, you know, the stuff in the
17:42
media. But reality is if Trump didn't
17:45
won, they wouldn't be approaching him.
17:47
Let's just face it, it's because he won.
17:49
But you. Know it's tricky for me though,
17:51
right? I'm not a fan of some of these
17:53
guys because they did the exact opposite.
17:56
They went out of their way to try to make sure Trump didn't
17:58
get elected. You look at Zuckerberg as an
18:00
example, spent $460 million in Zuckerbucks to, to really
18:05
interfere in our elections. And then he comes up with what
18:08
I'm going to call a kiss ass $1,000,000 for the inauguration
18:11
donation. You know, I don't know, I'm
18:15
uncomfortable with these guys that all of a sudden flip the
18:17
script because now they're worried about the impact.
18:19
Because let's face it, if anybody, if any of the three of
18:22
us committed any of that election interference like
18:25
Zuckerberg did, we'd probably be facing criminal charges from the
18:29
the DOJ. Because again, you're starting
18:31
to look at some numbers there. When you look at 400 and some
18:33
odd million, if that's not election interference, I don't
18:36
know what is. What do you think about these
18:38
executives coming to deflect the knee, you know, take the knee to
18:41
Trump at this point? You think it's fear or do you
18:44
think it's, you know, good intent?
18:46
What do you think, Jacob? You know, I can't.
18:50
I sometimes say it's like if you're a kid and you're
18:53
misbehaving with your mom during the day and you know, Dad's
18:56
coming home from work and he's, he might kick your ass.
18:58
Pardon my French, but you know, they've, they've been acting
19:04
however they wanted with 0 consequence because the
19:06
leadership in this country was an embarrassing level of weak.
19:09
And now they know that there's no more nonsense, right?
19:13
When when you have Trump coming back, it's going to be a
19:16
different Trump, I believe, than what we saw in his first four
19:19
years. He understands how these things
19:21
work. He's built the team around him.
19:23
I believe he's got the right team around him to do things the
19:27
right way. And like George said, see how
19:28
much he can get done in two years.
19:30
But to answer your question, you know, I, I think they realize
19:33
these tech CEOs that they have to operate inside the bounds of,
19:38
of the rules that Trump is going to set.
19:40
Otherwise, you know, it's basically, it's better to be
19:43
close to him out of necessity, you know, than than to be left
19:47
by the wayside. And I think they just realize
19:49
that it's a necessity. And you know, they've they've
19:50
come to kiss the ring now the. Thing is, Lance, I'm going to,
19:53
I'm going to say. So the thing now is how does
19:57
Trump work it where they don't do this again?
20:01
And then in four years from now to another candidate or other
20:05
people. That's where really the the big
20:09
issue lies is how to stop them from doing this again.
20:12
Because let's face it, Google is still suppressing anything they
20:16
want. If they don't like something, if
20:18
it's a candidate or if it's a product or something you say
20:21
don't, don't. The algorithms will take in.
20:24
They're still doing that. So the question is, how did he?
20:28
Stop them from doing this and from future use.
20:30
That's the thing, I think. Well, it's tricky.
20:34
And I mean, for me, I think accountability and consequences
20:37
are part of it. I don't know if any more laws,
20:39
the laws are already in place that you need to enforce any
20:41
portion of this. But you can't.
20:43
Just because somebody is a global elite with lots of money,
20:46
you can't allow them to violate the laws of the United States.
20:49
And I think they have to face the consequences for those
20:51
action because consequences are the deterrent.
20:54
If you feel like you can get away with something over and
20:56
over and over again and there's no consequences, just like a
20:59
child would, you're just going to continue to do it.
21:01
But if the consequences is dad throwing you over his lap for a
21:04
hard spanking or, or, you know, losing your cell phone or
21:08
anything else they do to these kids nowadays, you know, and
21:10
when I grew up, it was a you might get a beating.
21:13
You know, at the end of the day, I think these guys need some
21:15
beatings. That's my own opinion.
21:17
That's not necessarily the opinion of the show, but that's
21:19
my opinion because at the end of the day, if you continue to
21:21
allow them, you know, give them an inch, they take a mile.
21:23
That saying holds very true in this situation.
21:26
But I think let's get back to the topic here at hand.
21:28
I didn't mean to digress too much.
21:30
The key developments that I see on the progress on the BRICS
21:32
payment infrastructure with I think are important to discuss
21:35
that the Russia and China have accelerated since that tariff
21:38
comment. The development of the M Bridge
21:40
project, which for anybody that doesn't know, that's the
21:42
blockchain based platform for seamless cross-border
21:45
transactions using digital currencies, high speed, low fee.
21:50
And of course, India's proposed integration, the unified
21:54
payments interface, UPI with similar systems and other BRICS
21:56
nations to streamline settlements and all this stuff
21:59
is running behind the scenes. So for anybody out there that
22:01
thinks they're going to continue to operate in cash or the SWIFT
22:04
system is going to stay in place, I can tell you that all
22:08
three of those countries have deals with XRP and that that
22:12
system that XR PS got planned to put in place.
22:15
There are there are more than 3000 contracts because of the
22:19
SEC filing that XRP has never announced.
22:22
They have not been able to promote them.
22:24
They have not been able to do them in press releases.
22:26
And many of those contracts are with Russia, China and India.
22:30
And that integration of that transition from SWIFT to the
22:34
blockchain technology. What do you think that you, what
22:36
do you see coming up on this? So any thoughts on this Jacob?
22:41
Well, it's definitely a trend of, you know, embracing the
22:44
future, right when you're talking about countries adopting
22:47
a blockchain based currency, you know, in in concept, it's
22:53
actually kind of exciting, right, to to see the advancement
22:56
of currency in the way that it could be going.
22:59
But then you look at intent, right?
23:01
What is the goal of this? And ultimately, they might say
23:04
it's not to undermine the dollar, but if you pay
23:07
attention, you can see it's clear as day, right?
23:09
The goal is to end with this project, dollar dominance across
23:13
the globe, right? For whatever reason, I'm sure
23:15
any country might have a variety of reasons not to like the
23:18
United States, right? We haven't been that popular
23:20
over the years. So, you know, so I think, I
23:24
think if you can separate how exciting it is to actually see
23:27
the adoption of newer technologies and use it as
23:29
currency and maybe, you know, in the future something to buck
23:33
this broken, corrupt banking system.
23:35
To me, that's exciting. However, the intent behind the
23:38
BRICS nations is obviously not that it's a direct attack on the
23:42
dollar and its dominance in the United States.
23:44
So I just hope that that Trump steps up to the plate day one
23:48
and and like I, like I said, really tries to re establish the
23:51
dominance, dominance of this country.
23:54
Yeah, there's no doubt he's got to do that.
23:56
George, what do you think? XRP making huge inroads with
24:00
lots of countries, but of course, they're also integrated
24:02
into the BRICS plan. What do you think?
24:05
Is XRP here to stay? Oh, most definitely.
24:08
Just, I mean, we're they're just getting started.
24:11
Who was it? Was it Brazil?
24:13
That's no Japan. That said, in 2025, XRP is going
24:18
to be integrating all their systems.
24:20
So that's just Japan. Japan.
24:22
But as far as bricks, I don't know if I think Trump's going to
24:27
be able to handle them. He'll, he'll figure that out.
24:30
He already said he'll do tariffs or sanctions.
24:33
I don't know something he'll he'll figure it out.
24:35
We'll get that done. I'm not worried about it, but
24:36
XRP is definitely here to stay. They're going to probably take
24:41
off, but we also have all those contracts that are still not
24:45
being talked. Well, they're being talked
24:46
about, but they haven't gone fully functional yet.
24:51
No, they haven't gone public because that SEC ruling even
24:54
though they're in negotiations right now.
24:56
I almost wonder if XRP and their attorneys are trying to drag the
25:00
time clock out because we know Gary the Weasel Gensler is out
25:03
of there very soon. We're going to be done with him.
25:06
If I was Garlin House and them, I would try to push it off until
25:10
Trump's in in in DC because you never know, they might just walk
25:14
away from the entire suit right now.
25:15
They want so much I I forget what the dollar amount is
25:17
they've gotten down to. It's not very much money for XRP
25:20
because XRP is obviously sitting in tons and tons and tons of
25:23
liquidity. And of course R, the RLUSD is in
25:27
place now for XRP that's getting expanded on, which is their US
25:31
backed stable coin. And the, so the interface we're
25:33
seeing here is big. But for BRICS, what I think is a
25:36
little bit you have to pay attention to is they're still in
25:39
discussions with a lot of countries, these additional
25:41
nations like Saudi Arabia, you know, United Arab Emirates,
25:45
Indonesia, that could really boost their economic clout
25:48
'cause we're talking about a powerhouse of money in those
25:51
countries, aren't we? Yeah, absolutely.
25:55
And it's, and it's, I think to an extent some of its posturing,
25:59
right when you when you see the BRICS summit photograph and and
26:03
they're showing that they're trying to show, you know, a show
26:06
of strength more than anything. And the more countries,
26:10
especially larger economies like Saudi Arabia and UAE, massive,
26:14
massive economies, tons of money, you know, they're they're
26:17
trying to show that that they're here to stay in that Trump
26:20
Trump's a businessman, right? And at the end of the day, like
26:23
George, I believe that he'll be able to work something out
26:26
that's hopefully beneficial for everyone and sort of puts this
26:29
issue more or less to bed. That's what I believe will
26:32
happen. I hope you can get it done soon.
26:34
But they are showing that they there's a lot of momentum behind
26:37
the the BRICS, the BRICS movement for sure.
26:39
Yeah, And of course, the economic and political reactions
26:42
from many of the countries to Trump's tariff.
26:46
And of course, I don't know that he really wants to do those
26:48
tariffs, but he's trying to, I think, shoot, shoot a shot
26:51
across the bow to slow things down.
26:52
But in Russia, those senior Kremlin officials, we saw that
26:56
they've reaffirmed their commitment to de dollarization
26:59
and they're one of the first countries that really threw out
27:01
the Federal Reserve banking cartel, which you got to give
27:04
him credit for that. And I believe that's why Putin's
27:06
been attacked. He's pro Russia, he's a Russia,
27:09
you know, you know, make Russia great again.
27:11
I can't blame him for that, that, you know, that's what
27:13
anybody in charge of the country.
27:15
Same thing in India. They've emphasized that the
27:17
bricks and issues are not targeted undermine the dollar,
27:20
but they they're trying to create resilience in global
27:22
trade is what they allege. South Africa's got the same
27:25
position. So, you know, I'm, I'm just, I'm
27:28
wondering where this will go. And of course, Malaysia, they
27:30
voiced apprehension over potential disruptions in the
27:33
global semiconductor supply if US tariffs on BRICS countries
27:36
are implemented, which of course that also would infect Taiwan.
27:41
And right now we're, we're kind of in a weak spot when it comes
27:44
to semiconductors and, and chips and of course microprocessors.
27:49
I'm concerned, what do you guys think the tariff impact could be
27:52
if they do that? Imagine what goes happens to
27:55
cars, computers, everything that needs these semiconductors
27:59
because we have not done a good job of protecting that industry
28:02
here within the United States. So I'm, I think that's a really
28:05
kind of a frightening possibility, isn't it?
28:10
Absolutely. If you look anywhere from where
28:12
we're sourcing the, the materials or the from Ukraine
28:17
for the semiconductors themselves or the production
28:19
over there in Taiwan and everywhere, everywhere but here
28:22
essentially, you know what, it really sets us up where, where
28:25
our flank has been exposed, right?
28:28
We, we try to do our best in this country to have the high
28:32
ground, right, to have the biggest bargaining chip, to have
28:34
the biggest stick. Unfortunately with the
28:37
advancement in semiconductor technology in the, the large
28:40
role that they're playing in just about everything that we do
28:42
now on a day-to-day basis and all these new advanced
28:45
technologies, that really is a weak spot for us.
28:48
Our our lack of progress in being able to develop those
28:51
ourselves. And it is, it does present a
28:54
massive concern, especially if we start, you know, really
28:56
having issues with the countries that are providing them for us.
29:00
Yeah, because I think right now the dollar sitting at over 58%
29:04
of the global foreign exchange reserves, but the up with a
29:07
trend for de dollarization that could gradually erode that
29:10
dominance. You know, we're we're in the
29:12
driver's seat right now, but how long that continues, who knows?
29:16
I know we've got to take a short break, but don't worry, the big,
29:20
big show. Global finance form, we'll be
29:22
right back and we come back. We're going to be talking about
29:24
Wall Street top news. Let's find out what's going on.
29:27
NASDAQ, Dow, let's talk about NVIDIA.
29:30
There's a lot of great stuff going on.
29:31
The markets are in pretty good shape at the moment.
29:33
I don't know how they are today. We can take a look at that on
29:35
the break. Stay tuned.
29:37
Global finance form. We'll be right back with Jacob
29:39
Diaz, George Ballantine and Lance Miliaccio.
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So let's dig in Wall Street top news.
35:51
But man, I, I remember when they were talking about, you know,
35:55
NASDAQ 11 or 1200. Was it going to happen?
35:58
That was way back in the early 2000s during the tech boom,
36:02
NASDAQ surpassed the 20,000 mark for the very first time, Of
36:06
course, driven by the robust performances in the technology
36:09
sector, evolving economic indicators.
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I mean, there's been some strong gains in technology.
36:14
There's no doubt about it, man NASDAQ 20,000.
36:17
I have to be honest, that is such a big number.
36:19
I didn't really expect that to happen as soon as.
36:24
Yeah, I couldn't agree more. It sounds pretty crazy just to
36:27
even say, right, especially if you've been tracking the market
36:29
for 2020 plus years. It's it's certainly it's been
36:34
impressive. I think it's riding on the backs
36:37
of a big surge and a lot of wish are obviously coming in in a
36:41
couple big stocks. But it has shown that, you know,
36:46
and the question begs for me is how much room, more room is
36:48
there to run, right? When you talk about when we used
36:51
to talk about like you said, the 12 hundred 1200 mark and now
36:54
it's over 20,000. I think it's a select few you
36:59
know are going to benefit greatly from this.
37:00
But unfortunately I think a lot more people might be burned by
37:04
buying in now than than the alternative.
37:07
Yeah, it's tough to get into the market here, of course.
37:08
Tesla shares surged 5.9%, reaching a record high.
37:13
Of course, influenced by expectations related to CEO Elon
37:16
Musk's relationship with president-elect Donald Trump,
37:18
which we know that relationship is great.
37:20
Seems like Elon Musk is at every event.
37:22
Every time I see Amar, a Lago event or otherwise, he's right
37:25
there. He's also actively working with
37:28
Vivek Ramaswamy on. Oops.
37:32
Department of Government efficiency.
37:35
So we're looking at that. That department seems to be
37:38
actively going along with the commitment they made during the
37:43
the pre election time, meaning that they have focused on
37:48
deciding that there are 400 and some odd government agencies and
37:51
they're going to end up with 99. They keep exposing just
37:54
horrendous waste of money. So I think that's great.
37:57
But the but the big push it was Tesla stock jumped and of
37:59
course, NVIDIA, the company stock rose.
38:02
I'm you know, I saw a story. I don't know if you saw this,
38:05
Jacob, it was from Google. Did you see this new chip
38:09
they've got that basically can the one ship.
38:12
If you took every computer in the entire globe and you combine
38:18
their processing power, this chip is more powerful than all
38:21
the computers combined. Yeah, I saw that.
38:25
I think it was called Willow and it's a quantum quantum computer,
38:29
that or chip. And I was just reading a short
38:33
little excerpt about it. You know, I, I can't, I won't
38:36
pretend to have the deepest understanding of how the tech
38:38
itself actually works. But I was reading that it's,
38:42
it's basically as if it were computing the same problem in
38:47
millions or billions of tiny little universes inside the chip
38:51
and then working all together to spit the answer out is how it
38:54
was described. I'm not going to pretend to
38:56
understand how it works, but you could look at it as one, which I
39:00
think you should a huge advancement in technology, but
39:04
also that doesn't come without massive cause of concern, right?
39:08
Especially when you talk about the threats to I, I saw one, one
39:12
comment of a gentleman who was concerned about, you know,
39:15
Bitcoin even has been touted as, you know, uncrackable.
39:19
But when you have technology like this out there, how is
39:22
anything uncrackable, right? Or, or the banking system?
39:26
When you talk about true destabilization from something
39:29
like this, falling into the wrong hands, being used in the
39:33
wrong way, there's one thing you can't hack.
39:37
You know what is that? I'm trying to think of the name
39:39
of it. What is that technology rule?
39:41
They call it a law, but that that processing power, you know,
39:44
speeds up exponentially each year did what is the name of
39:47
that law? Do you know it?
39:49
I'm not. I'm not exactly sure, yeah.
39:50
It's one of those, it's one of those rules kind of like
39:52
Murphy's Law, but it's not Murphy's Law.
39:53
It's a law that has to do with processing power and computing
39:56
power that they use to determine.
39:58
But this, this chip I wrote, read an article where this far
40:01
exceeds anything in the realm of what they ever thought was
40:04
possible. We went into quantum computing.
40:06
We thought a petaflop was a big deal.
40:08
But my understanding is this does multiple petaflops.
40:11
So the speed of what we're talking about, what you just
40:14
brought up is concerning. Now you imagine if you if you
40:17
connected that chip to AI, what do you end up with?
40:21
Is this a super being we're talking about?
40:24
Because you'd have to think that no AI has ever had access to a
40:28
chip like that. And if those two were to be
40:31
connected, you know, what kind of a situation are we in?
40:34
And of course, what you just said, is there anything that's
40:37
uncrackable, crackable, because the blockchain, you start
40:40
talking about 12 word seed phrases.
40:42
How quickly could this computer chip test every word in the
40:47
human language, in every different dialect, in every
40:50
different language base, meaning any foreign language?
40:54
How quickly could that chip run every option for every word
40:58
combined in any combination and break the code for any seed
41:02
phrase on the planet? I think the as accurate an
41:06
answer, if I could give to that, is like that is how quickly it
41:10
could get your 12 letter key that up until this point has
41:14
been nearly impossible for any existing computer or certainly
41:17
any human, any single human being or organization to break
41:20
in. And it's one of those things,
41:22
you know, very rarely do I see something on the news that
41:25
causes such awe of what humans have been able to be capable of
41:31
producing. But also this, this one really,
41:34
I had a strange feeling in my gut about it that I think if
41:38
this falls into the wrong hands or is used for the wrong
41:40
purpose, or like you said, if it's, you know, tapped into AI
41:43
somehow, I think, I think there's really valid concerns
41:46
there about about, you know, the damage that could be done.
41:50
Yeah, there's no doubt. So we'll have to keep an eye on
41:52
that. We'll let you guys know.
41:53
We'll try to do a story on that either here on the Global
41:56
Finance Forum. Maybe I'll dig in next week and
41:58
get real details about it. I've got a guy that's kind of an
42:00
industry expert, so I'll reach out to him and we'll also cover
42:03
it on the Big Make show. So if you head over there, we'll
42:05
have it there too. So sometime in the next week,
42:07
I'll try to find somebody that really understands the power of
42:09
that new Willow chip. So the economic indicators for
42:12
the Federal Reserve actions, inflation data not looking too
42:15
good. Consumer price index showed a
42:18
.3% increase. Donald Trump made a public
42:21
comment that he didn't know what he was going to be able to do
42:23
about inflation because it's very difficult to bring prices
42:25
down once they go up. A lot of people are blaming
42:28
inflation on the Biden administration's, not only their
42:33
economic policies, but of course, what they did to our
42:37
fuel independence by shutting down fuel prices went through
42:42
the roof. We always know that fuel
42:43
directly impacts that. Of course, oil, when you start
42:46
looking at rubber and some of the other items that come from
42:48
that, the costs have gone through the roof.
42:51
Diesel fuel up, tire costs up, service items up.
42:56
So delivery of goods that's way up.
42:59
This is a little bit. I'm worried about it for Donald
43:02
Trump to come out publicly and say that.
43:04
And of course, the far left, you know, jerks including Harry
43:10
Sisson had to come right on and say, oh, you guys all voted for
43:12
Trump because he's going to fix inflation.
43:14
He told you he'd get prices down.
43:16
Like you said, this is a giant, giant cruise ship inflation.
43:20
What do you think was is the Federal Reserve is hoping that
43:22
they they're going to implement this quarter point interest
43:24
rate, but I don't know if that's enough to maintain inflation
43:28
near its target of 2% or even bring it below that or fix the
43:31
prices. What do you think about prices,
43:33
George? I mean, you're dealing with it
43:34
constantly just like I am. What do you think?
43:36
Do you think Trump, how long is it going to take to have any
43:38
kind of impact with his policies to bring inflation down?
43:45
I mean, it would probably take a year to start seeing some things
43:51
go down. I'm going to say it's going to
43:53
listen regardless. In fact, it's going to take
43:55
time. You don't have a magic wand.
43:57
The thing is, will the companies start like anything else, lower
44:01
their prices again once inflation goes down, or will
44:04
they keep it and want to make more profit?
44:07
You know, that's the thing. Will they be greedy?
44:09
I mean, listen, I bought the other day, it was 1818 eggs in
44:14
that little, that carton, I think it was almost like 8
44:17
bucks. This was like a few days ago.
44:19
I mean, almost like 8 bucks. It's just crazy.
44:22
A lot of people can't, you know, know who can afford that?
44:27
But I mean, I walked out with a bill of $200.
44:29
I'm like, I looked at like, I'm like, what the hell I get for
44:31
$200.00. So I'm look at the prices.
44:33
It's like crazy package of pastries $8 like shopping.
44:38
Is a frightening, you know, I never used to be the guy that
44:40
would look at the prices. Now I'm like, OK, especially at
44:43
Costco because they had the portion.
44:44
I'm like, OK, well I can get that dishwashing soap for $0.29
44:47
a portion or or the Curry cups. I'm like, oh, those are on
44:50
special. They're 28.
44:51
I would have never done that before.
44:52
I just bought what I liked years ago.
44:54
I didn't pay any attention. And at the end of the day, I
44:56
think every American's doing that.
44:57
But of course, these companies. I agree with you, George.
45:00
Even if Donald Trump lowers the fuel, let's say he starts
45:03
working on our energy independence, which is one of
45:05
his big goals again, for us to be energy independent.
45:08
He's even talking about expanding our nuclear fuel
45:11
options and really working on that.
45:13
He's got some real experts he's bringing in there.
45:14
I know one of them that's probably going to end up with a
45:16
cabinet position. A great guy and a friend of
45:19
ours. At least I hope he does.
45:19
When I say Cabinet vision, administrative position, not
45:22
cabinet, but he's talked about how important it is.
45:25
Now we've got an issue because Russia supplies most of our
45:28
nuclear fuel. We get most of it from there.
45:30
Of course, you know, the deal that Hillary Clinton did that
45:33
she should have faced charges for the Uranium 1 deal.
45:36
That got a lot of publicity. I still think she ought to face
45:39
the consequences for that. But our independence is
45:41
threatened by the reaction of maybe to the tariffs.
45:45
But what's I think what's really we have to really pay attention
45:49
to here right now is that greed is good by, you know, you know,
45:53
that quote from Gordon Gekko. I'm worried that these that
45:56
George is right, that all these companies have gotten used to
45:59
these higher prices. They've inflated the prices.
46:02
And now if inflation moves it down, are any of them going to
46:05
go along with it and lower their prices?
46:07
What do you think, Jacob? You think they're going to go
46:08
with the greed is good or are they going to do what's right
46:10
for the country? I think, you know, it's so
46:14
difficult to say. There's, there's so much greed
46:17
in this country, especially at the corporate level.
46:21
And you know what, I, it's funny enough, I hadn't thought of that
46:25
in exactly that way, that even if the, the comp, the company's
46:28
cost comes down, will they inherently just say, oh, now we
46:31
can lower our prices? I'd, I'd like to believe they
46:34
would, I'd like to believe they would, it'd be the right thing
46:36
to do. But how many of how much of
46:38
corporate America is doing the right thing on the, on the
46:41
day-to-day in the interest of the little guy, you know?
46:44
So I, I hope maybe that there's some incentives, maybe maybe
46:47
this is something that Trump's already thought of and, and has
46:50
a solution for. If I can bring the prices down,
46:52
how can we have that actually impact the day-to-day of of your
46:56
average American? You know it.
46:58
You bring up an extremely valid point, especially with that
47:00
recent assassination of the CEO of United Healthcare.
47:04
People are angry. I see it on social media, George
47:07
and I do. We see it in the chat rooms.
47:08
They are angry about the behavior of corporate of America
47:12
and the greed and the unwillingness to come up with a
47:17
kind of a, a middle ground where the consumers protected and they
47:20
still have a profit of what's happened in healthcare.
47:23
You just saw there was a first copycat.
47:25
She got arrested. She was threatening some Blue
47:28
Cross and Blue Shield people on the phone.
47:29
They arrested her for it. So kind of a copycat pattern.
47:32
What I'm concerned with and, and never do I call, we never call
47:35
for violence in any way. We don't believe in it.
47:37
It's not one of those things that would ever be recommended.
47:39
But I'm concerned that the copycat influence of that event
47:43
by that CEO assassination, I'm afraid we're going to see more
47:46
of that. And I think the American public,
47:49
what we're seeing with the American public on both sides of
47:51
the aisle is this kind of bitter anger and hatred, whether it's
47:54
towards CEO celebrities, it's really happened.
47:58
And I, I kind of believe in my own head that it's their fault.
48:02
They caused it. You know, there's this, there's
48:03
this intense hatred. They just saw LeBron James just
48:06
took a break from playing. And I think it's because he's
48:08
been attacked so rabidly over the whole P Diddy Jay-Z
48:13
situation that's been unfolding. You guys think that's something
48:15
we're going to see more of in the future.
48:16
I mean, and again, let me say this to the audience.
48:18
We do not recommend or suggest this.
48:21
And I'm not supporting it in any way.
48:23
I'm just concerned because I see the anger and the pent up, you
48:27
know, the feelings of the American people and I see it on
48:29
social media more than ever and I think it affects even the in
48:32
the finance world. I, I think, you know, just from
48:36
one man's opinion here, I think what's happened is so much of,
48:41
of politicking and, and everything at the, at a high
48:44
level has been trying to convince Americans that
48:48
Americans are the problem, right?
48:50
Whether it's trying to convince, you know, folks on the left to
48:53
hate the right or trying to convince folks on the right to
48:55
hate the left instead of just looking up, right?
48:59
When you, when you look at the problems that exist in this
49:01
country that affect most Americans on the day-to-day,
49:04
they're not, they're not coming from your neighbor, right?
49:06
It's coming from the top down, whether it be the government,
49:10
right, or whether it be, you know, corporate America, which
49:12
has gotten away with far too much.
49:14
I mean, these are the same people who lost, lost their
49:16
money in 2008 due to a banking crisis that.
49:19
Yeah. No doubt.
49:20
Was not their fault. I, I think the people have just
49:23
seen enough and I think it's, it's part of a much larger trend
49:27
where you see decentralized currency starting to become
49:29
popular. A lot more people want to go
49:31
back to gold and silver. People are bucking the thought
49:34
that, you know, American corporations can just do
49:38
whatever the heck they want because they have all the money
49:40
and keep screwing over the little guy.
49:41
I, I honestly do think people are fed up and for good reason.
49:45
Now, obviously, do I think that condones violence?
49:48
Of course not. But do I think we're going to
49:49
see a trend in, in groupthink, in massive, you know, thought
49:54
process across the country? Yes.
49:56
I think ultimately that's going to lead to change.
49:59
Things like the Department of Government efficiency come to
50:01
kick in. I think we're going to see a
50:03
leaner government, a push for less corruption in the, in the
50:06
corporate America. And I think ultimately, you
50:09
know, barring violence, I, I hope that this is a good thing
50:12
for our country, for a, for a mental reset here.
50:14
Yeah, no doubt. I agree.
50:16
Well, the cryptocurrency markets agree with you.
50:18
They're seeing significant developments amid regulatory
50:21
changes and of course, market milestones.
50:22
And I think it's all about what you just said.
50:25
People are kind of fed up and they're concerned and the
50:27
independence of being in blockchain has really caused a
50:30
lot of stuff to to to surge. XRP surge following US election
50:34
outcomes. They had a price increase, You
50:36
know, of course, you guys know this is the digital token it's
50:38
utilized by Ripple Labs created by them.
50:41
They experienced a remarkable surge nearly 400% since November
50:45
5th. You know, position is the third
50:47
largest cryptocurrency by market capitalization, just below
50:51
Bitcoin and Ethereum. A lot of people think it's going
50:53
to overtake Ethereum unless Ethereum has a big price
50:56
increase. Baron's talking about the
50:58
regulatory outlook. Investors anticipate that the
51:01
incoming administration under President-elect Donald Trump
51:04
will adopt A more crypto friendly regulatory stance.
51:08
The potential appointment of Paul Atkins, known for his
51:10
opposition to stringent crypto regulations, as the new head of
51:14
the Securities and Exchange Commission has fueled optimism
51:17
regarding the the dismissal of existing legal challenges
51:20
against Ripple Labs. Course, that's Gary Gensler.
51:23
He's been detrimental to our big position on crypto.
51:27
Donald Trump made an announcement.
51:29
He said that he's going to do some great things in crypto.
51:31
I know he's got plans for his own family.
51:34
Baron Donald and Eric are completely entrenched into
51:38
crypto. The crypto regulation world map
51:41
is changing rapidly, where crypto is becoming legalized and
51:45
a lot of countries didn't allow it before.
51:47
It's growing. George, if you want to throw
51:49
that map up and then George, I want to hear from you.
51:50
What do you think, Donald Trump? Crypto deregulation?
51:54
What's the plan and what's going to happen to the markets once
51:56
it's in full swing? I think you're going to see a
52:03
crypto phenomenon. But you know, and I would say
52:06
this Lance the first person to make buying crypto to mean more
52:13
if they more they simplify it instead of doing all this crazy
52:16
stuff, it's going to be the winner.
52:19
That dude, that person, woman, man, they whatever is going to
52:23
be a rich person because it's absurd how many different ways
52:29
you have to go to buy certain coins or it's just ridiculous
52:36
you. Have to have half a dozen
52:37
wallets. You have to have be on multiple
52:39
platforms because it's not on every platform.
52:41
Let me finish. So This is why people,
52:43
especially older people that don't understand it are, are
52:46
keeping away from it because it just it's making them more
52:49
difficult for them. So take a regular person that's
52:52
not so tech savvy and you know, it's not like you're going to go
52:55
to your your banking app where it's easy.
52:57
You can go, hey, a transfer this and that.
52:59
It's simple versus going to buy crypto, so kudos to the person
53:04
that does that. And let me say something to the
53:08
audience. This map isn't completely
53:09
accurate because there's been some major deregulation in China
53:13
recently. So that would, in my opinion,
53:15
wouldn't be red in China. They have some restrictive
53:17
policies. I would say that's more of a
53:18
yellow. And I think China's on the cusp
53:21
of going full green. What do you think?
53:25
Bitcoins hit record-breaking prices over 100,000.
53:28
It seems to be holding. It's got some resistance now.
53:31
It's got some consolidation. What do you think, Jacob?
53:34
What do you think we're going to see here?
53:35
Deregulation. Is Bitcoin going to continue to
53:38
surge in the future? You know, I, I strongly believe
53:43
that Bitcoin has established its foothold in in a global economy
53:47
and I think it's here to stay. And I think, you know, it's,
53:50
it's a long way of people usually compare the two
53:52
directly, right? They say it's the digital gold.
53:55
I think there's, you know, especially when you're talking
53:57
about issues with the stuff like the, the multi, the processor we
54:02
were just talking about earlier, the Willow chip, you know, it,
54:05
it, it pokes holes in that theory, But I think the two can
54:09
absolutely very well coexist and each hold their own place in
54:13
value in a portfolio. And George, I know you
54:15
mentioned, you know, the, the complexity of it and, and how
54:18
that almost, you know, inhibits people from making the jump to
54:22
something that they think is a good idea.
54:24
I don't know if we'll have time today to go through it the, the
54:26
full depth of it, but we have some pretty exciting
54:28
developments on that front. And, and hopefully trying to
54:31
make crypto a little bit more accessible to, to folks who
54:33
might not have the deepest understanding of the technology
54:36
or, or, or who might worry about the 24/7 markets.
54:39
We've got something exciting coming soon.
54:41
Well, maybe next Friday on our segment, we can start talking
54:44
about that in the beginning if, if it's if we can little taste
54:50
out there to some people. Yeah, Jacob's throwing a little
54:52
taste right now. It's exciting stuff.
54:54
We're excited for Genesis Gold Group.
54:57
We're we're hoping to roll out a big show with that because I
55:00
think we need to make crypto shows and crypto education much
55:04
more accessible. So that's the big plan.
55:06
They've got great things in the works.
55:08
So maybe we'll let you guys, we'll leave you on a cliffhanger
55:10
next Friday, hopefully Jacob and Jonathan and hopefully he'll be
55:13
back, back in the saddle. Maybe we've got a opportunity to
55:16
talk about that then. But I think what we're looking
55:18
at, if you have to start looking at all the exchange traded
55:21
products that are out there, Europe is growing that market,
55:24
London, the comparative analysis for this growth, net inflows.
55:28
And if you've seen net inflows just surge into the crypto
55:31
markets, and I don't care whether you're talking about
55:33
stable coins, all coins, meme coins, they're way up because
55:36
we're seeing some, you know, market cap numbers that are just
55:40
crazy. We're getting one of the largest
55:42
ones just came out was Peppu Unchained, a meme coin.
55:45
They came out of the gate with a $75 million market cap.
55:48
I don't know where they're at. They've had a little downward
55:50
trend today, but they were all the way up to I think almost 600
55:54
million market cap at one point in a matter of days.
55:57
So we're talking about tremendous amounts of money
56:00
moving around. It doesn't matter what the
56:01
market is. So when you see that kind of
56:03
liquidity moving in the market, you have to understand this is
56:06
here to stay. So you don't want to
56:08
underestimate what this is going to do and you definitely want to
56:12
get involved. And, and I can tell you this
56:14
that what Genesis Gold Group's got in the works gives you an
56:17
opportunity at a grassroots level to get involved with
56:21
experts in the field. You know, you can charge Genesis
56:23
Gold Group. So I don't want to go too far in
56:25
because we're under an NDA. So we don't want to put that out
56:28
there. And at the end of the day, I
56:30
think there's great things coming out.
56:32
I could be persuaded with a gold pepper bar, maybe I should say.
56:35
Trying to get a little bribe. All right, well, listen, listen,
56:38
we're out of time for the global finance forum for today.
56:42
Hopefully you enjoyed the show. If you like the show, take the
56:44
short form. The long form.
56:45
You know George will be putting out short form content.
56:47
Take the long form. We're not going to come after
56:48
you for copyright. We want to expand the voice.
56:50
If you hadn't gone over to Genesis Gold group, you've got
56:53
the QR codes. Get over there and get the free
56:55
IRA guide ASAP. You want to have that, you want
56:58
to develop a relationship with these guys because what they've
57:01
got planned for the crypto world, you're going to want to
57:04
be part of that. It's an amazing, great
57:06
opportunity to to protect your investments.
57:09
And of course, don't forget the prepper bar.
57:11
Get a couple of these. Even if you want to go just for
57:13
the silver ones. Your grandkids would love to
57:15
have these. Great thing to just have and
57:17
hold. I know we used to get the
57:19
remember the mint sets you used to get at the coins that were
57:21
minted. My parents would always put one
57:22
of those in our stocking back then, which were the were the
57:25
press, the proof sets. I still have them now, the proof
57:28
sets of coins that would give us for the kids.
57:30
But yeah, I do. I still have those.
57:32
So here's the deal. Get over there, the big Meek
57:35
bar.com, get over there, buy some silver, buy some gold ones.
57:38
You know, the gold. People love gold.
57:39
I know George does. I'm not going to do the Jingle
57:42
because I I'm going to try to get out of here before George
57:44
does it either. Jacob Diaz, thank you so very
57:46
much for doing the show. What is the Genesis Gold?
57:48
I never do this. First of all, give the website
57:50
one more time for Genesis Gold Group and give the social media
57:54
because you guys are definitely going to be growing that social
57:56
media. So let people get in early to
57:57
get connected with you. Yeah, absolutely.
58:00
Last thing to throw out to your audience before, before we get
58:03
into that as well. Genesis is operating on a
58:06
Christmas special for the month of December where we're waiving
58:09
not only the IRA set up fees, but also at least year 1 of
58:14
custodial fees of the storage depending on, you know, the, the
58:17
amount that you're, you're looking to roll over.
58:19
And we might be able to do even better than that.
58:21
So a lot of folks have been trying to wrap this up and get
58:24
into gold and silver before, you know, the inauguration when
58:26
things might start to get a little bit hairy.
58:28
So if that applies to anyone listening, feel free to reach
58:32
out to us and, and we'll go ahead and get you taken care of.
58:34
Cover your first fees at least and hopefully more.
58:38
Sounds interesting. So I think the social media on X
58:40
is Genesis gold. GI think is what you guys have.
58:44
I think you have it shortened. You don't go to the group and I
58:47
think over on X, it's Genesis Gold Group.
58:49
So follow these guys. Lots of great information.
58:51
Don't forget to let them know the big MIG sent you because of
58:54
course we want that shameless plug whenever you contact
58:57
Genesis Gold Group. And if you get that look right
58:59
now, the Christmas special, jump in there.
59:01
Get those IRA fee setups. Wait, get those custodial fees
59:03
waived. It's a great opportunity to get
59:05
into the ground floor and develop a relationship with the
59:07
Genesis Gold Group team. George Ballantine last words on
59:10
our way out of the gate. If I don't see y'all tonight,
59:15
have a blessed weekend. And just so you know, tonight we
59:17
have Jillian Michaels coming on as a guest.
59:19
It's going to be a fiery episode tonight.
59:21
It's going to be a lot of fun. Yeah, she's.
59:22
Great. 7:00 PM Eastern. Y'all looking for this weekend?
59:26
Goodbye. As an American who keeps up with
59:33
the real news, you know by now the severity of the economic
59:37
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59:39
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gift for all the precious metal lovers out there.
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Exclusively made here in the USA and selling out fast.
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fit neatly in your wallet and their utility enables use in any
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situation. As gold and silver prices
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continue to surge and top economist predict upcoming
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shortages, now is the time to secure your precious metals in
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the form of prepper bombs. Go to prepperbar.com now and
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place your order before supply runs out and prices go up.
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