Latest / The Paul Barron Crypto Show / Operation Epic Printer?💸Crypto Market Update
Transcript
- 0:00Speaker 1: Operation Epic Printing is underway today. Of course, the conflict
- 0:03Speaker 1: in Iran could impact the market in a very big way.
- 0:07Speaker 1: We'll break it down for you. I do want to
- 0:08Speaker 1: think our sponsor and that is I Trust Capital. This
- 0:10Speaker 1: is where you guys can get into long term investing,
- 0:12Speaker 1: because in these times, long term is really the only way.
- 0:16Speaker 2: To play it.
- 0:17Speaker 1: And remember, one of the other things you should always
- 0:19Speaker 1: do is diversification. Diversification of anything you're into. It doesn't
- 0:23Speaker 1: matter if you're into crypto, if you're into stocks, bond,
- 0:26Speaker 1: this doesn't matter. Diversification and of course a CRYPTOIRA is
- 0:29Speaker 1: one of those that you can do. You can also
- 0:31Speaker 1: get gold and silver on this too, so precious metals IRA.
- 0:34Speaker 1: By just using our link down below you get one
- 0:36Speaker 1: hundred dollars funding reward.
- 0:37Speaker 2: Just to get started.
- 0:38Speaker 1: Let's go over to a couple of the key things
- 0:40Speaker 1: that started the market to hit decline this morning. And
- 0:43Speaker 1: the brakes came on, and of course that comes in
- 0:46Speaker 1: from Trump and truth social and what he's talking about
- 0:50Speaker 1: is that.
- 0:50Speaker 2: We have a very very heavy.
- 0:53Speaker 1: Stockpile of weapons to continue this conflict for as long
- 0:57Speaker 1: as and possibly forever was in his statement here. Now
- 1:02Speaker 1: this is starting to startle the markets and of course
- 1:05Speaker 1: gets everybody into a position right now. And of course,
- 1:08Speaker 1: Center Senator Warren jumps right in on this and says, hey,
- 1:13Speaker 1: there we go. Donald Trump did it again. Ran on
- 1:15Speaker 1: a platform of no more wars. But here's the reality.
- 1:18Speaker 1: No president of modern era has ordered more military strikes
- 1:21Speaker 1: against many different countries as Trump.
- 1:23Speaker 2: So there you have it.
- 1:25Speaker 1: She is taking the lead right here to really fight
- 1:27Speaker 1: against this and put Trump on the hot seat in
- 1:30Speaker 1: terms of the conflict in Iran. The market, of course
- 1:34Speaker 1: responded in the same way. Over nine hundred and fifty
- 1:38Speaker 1: billion wiped out of the US market right there, you
- 1:41Speaker 1: see it. And this is coming from everywhere. It's not
- 1:44Speaker 1: just tax docs, it's coming from everywhere. This of course
- 1:47Speaker 1: starts the market into a position that I think really
- 1:50Speaker 1: puts pressure on the Fed. It puts pressure on the economy,
- 1:54Speaker 1: and most of all, it puts pressure on Americans, which
- 1:56Speaker 1: will put pressure on the administration.
- 1:59Speaker 3: You look at Kobe EC. They did a full.
- 2:02Speaker 1: Alignment here of the playbook in which he has done.
- 2:06Speaker 1: And it's in relationship to an investor step by guide,
- 2:10Speaker 1: and it's kind of interesting if you scan down through this,
- 2:13Speaker 1: it goes through all of the frequencies that he has
- 2:17Speaker 1: done before. One, of course, every conflict starts in the
- 2:20Speaker 1: same way. He goes out with kind of these threats,
- 2:23Speaker 1: tells you to watch out. Then he moves into step two,
- 2:26Speaker 1: which is strategic posturing and physical positioning. We've seen that,
- 2:30Speaker 1: and then of course we see this across not only
- 2:33Speaker 1: the administration and what they're doing strategically with some of
- 2:36Speaker 1: the economic sanctions, but also where they're going on these
- 2:40Speaker 1: physical situations as well.
- 2:42Speaker 2: Number three is the Friday night strike.
- 2:45Speaker 1: Again, just exactly what happened on Friday and Saturday morning
- 2:48Speaker 1: we wake up and of course we're in Iran and
- 2:51Speaker 1: with a conflict there. If you look at just the
- 2:53Speaker 1: list of dates right there, they are US and Israeli
- 2:56Speaker 1: air strikes on Iran. This was June twenty first on Friday,
- 3:00Speaker 1: military airstrikes in the Korean drug boats. Again, Friday, October tenth,
- 3:04Speaker 1: Friday Tterarior threat, Venezuela airspace closure, Friday military action, Nigeria,
- 3:10Speaker 1: US air strikes. Of course here on February twenty eighth, Friday.
- 3:13Speaker 1: All of this linees right up into continuation. Number four
- 3:18Speaker 1: of course, gets into the premium expansion or the risk
- 3:20Speaker 1: premium expansion.
- 3:21Speaker 2: Across asset classes.
- 3:23Speaker 3: It usually starts in stocks, but crypto.
- 3:26Speaker 1: Remember gets hit first because it's a twenty four to
- 3:29Speaker 1: seven market, so they can react to what's going on
- 3:33Speaker 1: on a Saturday morning or early wee hours of a
- 3:35Speaker 1: Saturday morning, where some of these markets cannot. And then
- 3:38Speaker 1: of course what you see there is he teases a
- 3:41Speaker 1: forever conflict. This was a situation that we just reported on.
- 3:45Speaker 1: Now what does this do. There is the impact that
- 3:47Speaker 1: we've seated so far, and it's very possible this could
- 3:51Speaker 1: get a little bit deeper. Here's the analysis. First tip
- 3:54Speaker 1: gets bought because investors assume a deal is coming. So
- 3:57Speaker 1: I remember we thought, okay, we're going.
- 3:59Speaker 2: To get a deal.
- 4:00Speaker 3: This is just you know, take out the bad guys,
- 4:01Speaker 3: get a deal.
- 4:02Speaker 1: Second dip is bought because investors assume an escalation is
- 4:05Speaker 1: only temporary. That of course got changed today. And then
- 4:09Speaker 1: the third dip is when positioning begins to change structurally,
- 4:13Speaker 1: and that has not happened yet. So I think smart
- 4:16Speaker 1: money has been able to consistently identify when the polarity
- 4:18Speaker 1: in sentiment has gone too far, particularly with increased retail
- 4:22Speaker 1: participation in the capital markets.
- 4:24Speaker 2: That is the big factor here.
- 4:26Speaker 1: More people are involved in capital markets, this will affect
- 4:31Speaker 1: more than what it has in the past because you
- 4:35Speaker 1: and I and everyday investors are out there being exposed
- 4:37Speaker 1: to a lot of this volatility that is taking place.
- 4:41Speaker 1: Here's Mark Cudmore. He talks about whether or not stocks
- 4:44Speaker 1: are going to continue to decline.
- 4:45Speaker 2: Take a look.
- 4:46Speaker 4: I think that over the weekend what we saw was
- 4:48Speaker 4: a game changing event. I'm always in favor of not
- 4:50Speaker 4: being too knee jerk. Monday's price action didn't surprise me
- 4:53Speaker 4: too much, but as we've had time to process it,
- 4:55Speaker 4: it is fair to acknowledge that almost nobody I spoke
- 4:59Speaker 4: to expected the Iran situation to be like this this week.
- 5:04Speaker 4: They did not expect the scale of attacks. They did
- 5:06Speaker 4: not expect the scale of retaliation from Iran on all
- 5:08Speaker 4: its neighborhood. They did not expect the disruption we've seen
- 5:11Speaker 4: to the straighter fromos So everything we've seen is game changing.
- 5:15Speaker 2: Now.
- 5:15Speaker 4: Some people may dismiss it as it's only temporary.
- 5:17Speaker 5: Friday close was the highest closed since July last year.
- 5:20Speaker 5: We were already trading before the weekend ten percent above
- 5:24Speaker 5: the average the last year, almost termerscent above the average
- 5:26Speaker 5: last year. In Brent crude, we're now twenty percent above
- 5:28Speaker 5: the average of the last year, and that's not good
- 5:30Speaker 5: for what were happening in the credit sector. So consumer
- 5:33Speaker 5: sentiment is going to get hurt by wealth effect, by
- 5:35Speaker 5: higher prices, by higher yields, and just generally.
- 5:38Speaker 4: They're seeing images of war on their front pages in
- 5:41Speaker 4: the world. So I think equities will reprice significantly low
- 5:45Speaker 4: over the coming weeks.
- 5:47Speaker 1: All right, So, as you can see, this is an
- 5:49Speaker 1: issue that is starting to stem a little bit deeper,
- 5:51Speaker 1: especially around consumer sentiment, which will get impacted most likely
- 5:55Speaker 1: with a lot of.
- 5:56Speaker 2: These situations playing out.
- 5:58Speaker 1: You look at what we're already seeing with some very
- 6:01Speaker 1: strategic placement. Here's Peter Thiel selling two hundred and eighty
- 6:05Speaker 1: mili of Palanteer stock, which is interesting because this has
- 6:08Speaker 1: only happened once before in the last year and a half,
- 6:11Speaker 1: So what does he know?
- 6:12Speaker 2: Everybody's asking other things you got to look at.
- 6:15Speaker 1: Of course, this is interesting too because you're now looking
- 6:19Speaker 1: at what has been the very network that supports Trump
- 6:23Speaker 1: the most. I would say Fox News fifty nine percent
- 6:27Speaker 1: now are disproving of Trump's strikes on Iran. Fifty six
- 6:31Speaker 1: percent see a long term military conflict with Iran as likely,
- 6:35Speaker 1: and then Trump campaigned openly to get out of these
- 6:39Speaker 1: endless wars, and here we are. So this is a
- 6:41Speaker 1: big hit, I think to the president. It's a big
- 6:43Speaker 1: hit to the administration if in fact that they get
- 6:47Speaker 1: drawn into a much more severe conflict with Iran, which
- 6:50Speaker 1: will only give more fire to the Democrats to really
- 6:54Speaker 1: play into a position overall.
- 6:56Speaker 3: So as you see, it starts to really fracture the base.
- 6:59Speaker 1: One of the things that I think you have to
- 7:01Speaker 1: look at is the performance. There's a lot of pundits
- 7:03Speaker 1: out there who have been very pro Trump. One of course,
- 7:06Speaker 1: has been Nick Fointes. Listen to what he had to say.
- 7:10Speaker 6: This has to be the breaking point. This is the
- 7:13Speaker 6: breaking point for the GOP coalition. You buried the Epstein files,
- 7:18Speaker 6: there is no border wall. You didn't deliver on mass deportations.
- 7:22Speaker 6: You cut corporate tax rates for the rich by cutting
- 7:27Speaker 6: medicaid again, no infrastructure bill, no middle class tax cuts,
- 7:33Speaker 6: you gotta refund the tariffs, and now we're in a
- 7:36Speaker 6: regime change war with Iran. That's the breaking point. I'm out,
- 7:40Speaker 6: I'm done, I am off the Trump train. I am
- 7:45Speaker 6: not voting in twenty six if Rubio or Vance are
- 7:50Speaker 6: on the ticket in any form in twenty eight, I'm
- 7:53Speaker 6: voting for a Democrat.
- 7:55Speaker 2: Okay.
- 7:56Speaker 1: So this is where I think the rubber meets the road,
- 7:59Speaker 1: is that you are going to see Republicans moderates that
- 8:03Speaker 1: are going to start to pull away from this. Now,
- 8:05Speaker 1: whether they go to the Democrat site, I don't know,
- 8:08Speaker 1: but one thing is for sure. This will put pressure
- 8:11Speaker 1: on the Republicans in a very big way. Do you
- 8:13Speaker 1: see that base starting to fracture in DC, and especially
- 8:17Speaker 1: if they lose the midterms, which is likely now unless
- 8:20Speaker 1: something heroic happens with this situation with Iran. I want
- 8:25Speaker 1: to go to another clip because this clip gets into
- 8:28Speaker 1: the duration of this war and how it could be
- 8:31Speaker 1: the key not only to the economy, but maybe even
- 8:34Speaker 1: to Trump's administration.
- 8:35Speaker 2: Take a look.
- 8:36Speaker 7: The good news is that this global economy has absorbed
- 8:39Speaker 7: shock after shock after shock in the last few years
- 8:43Speaker 7: and has proven incredibly resilient. But we don't want to
- 8:47Speaker 7: fillow too many shocks at it. So keep an eye
- 8:50Speaker 7: on the duration of the conflict because that is going
- 8:54Speaker 7: to both fuel inflation, disrupt supply chains, and under my
- 9:00Speaker 7: growth at a time when policy flexibility is limited, especially
- 9:04Speaker 7: for the Federal Reserve. Last week was all about financial instability,
- 9:09Speaker 7: private credit, and also employment concerns, and that's why it
- 9:14Speaker 7: went so full. So there's so many cost winds. I
- 9:17Speaker 7: think if you want to make an simplifying assumption is
- 9:21Speaker 7: we will mostly trade in a range of four to
- 9:23Speaker 7: four and a half unless we get a big financial issue,
- 9:27Speaker 7: and that financial issue would be some combination of the
- 9:31Speaker 7: AI bubble and the private credit.
- 9:36Speaker 1: All right, so they're boiling it down to AI and
- 9:38Speaker 1: private credit. Somewhat agreement with that point of course here
- 9:42Speaker 1: is that this is very bad timing if you look
- 9:44Speaker 1: at it, because this will stem more into inflation.
- 9:48Speaker 2: This is going to cause some real trouble.
- 9:49Speaker 1: For the Fed, especially with the fact that we're already
- 9:52Speaker 1: continuing to see a little bit of job loss to
- 9:55Speaker 1: continue out through twenty six and if we get more
- 9:58Speaker 1: AI pressure, this could get very, very dire in the
- 10:01Speaker 1: coming months. So you look at that, and then the
- 10:04Speaker 1: poly market right here us versus of the Iranian ceasefire.
- 10:08Speaker 1: The question is when that might happen. Will The odds
- 10:11Speaker 1: have been climbing quickly into June thirty. This may stretch
- 10:15Speaker 1: out quite a bit. Seventy two percent right now, I
- 10:17Speaker 1: think June thirty is going to be the date you
- 10:19Speaker 1: look further into. This will Iran close the Strait of Hormuz,
- 10:22Speaker 1: which will affect a lot of countries out there in general.
- 10:26Speaker 1: Right now, this is still looking very high for the
- 10:29Speaker 1: year though, But the question is really can they with
- 10:32Speaker 1: all of the requirements that's needed out there within the space.
- 10:37Speaker 3: Here is a professor.
- 10:39Speaker 1: That goes into kind of a litany of things that
- 10:42Speaker 1: he was predicting and what has happened so far and
- 10:46Speaker 1: why he thinks this market and this current global economic
- 10:50Speaker 1: position may be in for some turmoil.
- 10:52Speaker 2: Take a look.
- 10:53Speaker 8: I think that you Ran has many more advantages over
- 10:58Speaker 8: the United States. They're waging war against the entire globe economy,
- 11:02Speaker 8: and so they are striking the GCC countries. And not
- 11:07Speaker 8: only are they striking GCC countries American basis, they're going
- 11:10Speaker 8: after the critical energy infrastructure of these bases. They blocked
- 11:14Speaker 8: up the trip Homus.
- 11:15Speaker 2: The Golf States are really the lynch pin of.
- 11:19Speaker 8: The American economy. So what they do is they sell
- 11:22Speaker 8: petrol dollars and then they recycle the peture dollars back
- 11:25Speaker 8: into the American economy food investments in a stock market.
- 11:30Speaker 8: And right now we know that the entire entire a
- 11:33Speaker 8: market economy is propped up by AI investments in data centers,
- 11:36Speaker 8: and a lot of that comes from the Gulf States.
- 11:40Speaker 8: Golf States are not longer able to sell oil and
- 11:43Speaker 8: then longer able of finance AI. Uh, this AI bubble
- 11:47Speaker 8: United States, then this a a will public will burst
- 11:50Speaker 8: and with it will will will burst as well as
- 11:54Speaker 8: well the entire American economy, which is really a financial
- 11:58Speaker 8: ponty scheme. So that's that's a dire situation that the
- 12:00Speaker 8: markets are phasing right now.
- 12:03Speaker 1: Okay, so first of all, this professor out of China, yes,
- 12:07Speaker 1: there is a dog in the hunt for that individual country,
- 12:11Speaker 1: because this is of course goes into more global economic
- 12:14Speaker 1: issues I think in a much bigger way.
- 12:17Speaker 2: Now.
- 12:17Speaker 1: If he is laying down a format here, essentially what
- 12:20Speaker 1: he is given is a roadmap as to what Iran
- 12:23Speaker 1: could do next. And if that is a case the
- 12:25Speaker 1: water treatment plants, things of that nature, I don't know.
- 12:28Speaker 1: I'm still on the fence as to what kind of
- 12:30Speaker 1: rolling impact this will have on the rest of the world.
- 12:34Speaker 1: It's only been a handful of days. A lot is
- 12:36Speaker 1: yet to be uncovered around this, But I think the
- 12:40Speaker 1: key here is if we start to see economic conditions
- 12:44Speaker 1: changing here in the United States because of this, and
- 12:48Speaker 1: it's that sensitive, as he eludes, then you're going to
- 12:51Speaker 1: have an immediate pushback and I think at that point
- 12:54Speaker 1: Trump will get forced into a corner. So there are
- 12:57Speaker 1: a lot of things moving parts economic. The US is
- 13:01Speaker 1: not in a good spot economically because of the inflation
- 13:04Speaker 1: scenario and also the job situation. The AI bubble may
- 13:07Speaker 1: have been on decline already because of the lack of energy,
- 13:11Speaker 1: which is really the core of what we are dealing
- 13:13Speaker 1: with right now. With data centers, this is no power there.
- 13:17Speaker 1: So I think the key there is if you run
- 13:18Speaker 1: out of that, yes, you're going to run.
- 13:20Speaker 2: Out of fuel. That would fuel the.
- 13:22Speaker 1: Idea of AI enabled stocks and investments. So that is
- 13:27Speaker 1: a bigger picture that has been kind of identified for
- 13:30Speaker 1: quite a while.
- 13:31Speaker 2: This, of course, muddies the water.
- 13:32Speaker 1: So there is a lot to watch here, especially if
- 13:36Speaker 1: all of this boils down to one thing, and that
- 13:38Speaker 1: could mean a lot of printing coming in from the
- 13:41Speaker 1: FED to try to alter this. Now, I want to
- 13:43Speaker 1: go to one other note here because this is a
- 13:46Speaker 1: good example.
- 13:47Speaker 2: This is what would.
- 13:48Speaker 1: Happen in the Strata Hu moves if it were closed.
- 13:51Speaker 1: Of course, China again gets affected the most. Thirty eight
- 13:55Speaker 1: percent of the supply that runs through there is going
- 13:58Speaker 1: in crude oil traffic right now by destiny Nation. India
- 14:01Speaker 1: also affected pretty significantly, as well as South Korea and
- 14:05Speaker 1: most of Asia in reality, so this is a big
- 14:08Speaker 1: deal for the Asian countries if this in fact does
- 14:12Speaker 1: become a bottleneck for supply.
- 14:15Speaker 2: Continue to look at that.
- 14:16Speaker 1: You look at this right here, China reported now pressing
- 14:19Speaker 1: Iran to keep the straight Oh Home moves open. Eighty
- 14:22Speaker 1: seven percent of Iran's exported oil went to China last year.
- 14:26Speaker 1: That is something that the US knows. I think the
- 14:29Speaker 1: key here again Venezuela also in this picture. Scenarios are
- 14:34Speaker 1: painting out very uniquely.
- 14:36Speaker 5: Now.
- 14:36Speaker 1: I don't know where Trump's administration has in terms of
- 14:40Speaker 1: strategy or if there is a strategy that is trying
- 14:42Speaker 1: to corner the Chinese around the petro side of things,
- 14:46Speaker 1: but this does start to get very very interesting as
- 14:50Speaker 1: things start to push into the markets. The other thing
- 14:53Speaker 1: that hits the markets, of course, this is Iran saying
- 14:56Speaker 1: this that the US you know, as trilion dollars in debt, well,
- 14:58Speaker 1: that's not new and thirsty for Middle Eastern oil. That
- 15:02Speaker 1: is a fact that I think maybe is one of
- 15:05Speaker 1: the reasons that this is occurring. Again, this goes back
- 15:08Speaker 1: to Trump trying to control the petrol dollar and at
- 15:10Speaker 1: the same time trying to shift into a new financial
- 15:15Speaker 1: system that most likely will be driven off of stable coins.
- 15:18Speaker 2: Again, this goes back into.
- 15:19Speaker 1: The crypto policy, what we've seen with the Genius Act,
- 15:23Speaker 1: and whether or not we can export dollars globally at
- 15:26Speaker 1: least into security, so that also plays into this. I
- 15:30Speaker 1: want to go to this other last clip, which is
- 15:32Speaker 1: talking about inflation and where it really started, because a
- 15:35Speaker 1: lot of this has been happening for some time.
- 15:37Speaker 2: Take a look.
- 15:39Speaker 9: But I do think you know, listen, wars in general
- 15:42Speaker 9: never really are disinflationary or deflationary. I think the bond
- 15:46Speaker 9: market is picking up on that at the moment. Whether
- 15:47Speaker 9: that be because of you know, the obvious oil and
- 15:50Speaker 9: natural gas disruptions, or whether it be more due to
- 15:53Speaker 9: supply chain issues. It's hard to make a case how
- 15:58Speaker 9: what we saw over the weekend is going to lead
- 16:00Speaker 9: to deflation or disinflationary forces.
- 16:02Speaker 3: Especially going into it, they were inflationary concern.
- 16:04Speaker 9: Well, that's the thing is that you know, I think
- 16:06Speaker 9: even without what was going on with Iran, you've been
- 16:10Speaker 9: seeing inflation start to tick up pretty meaningfully. Remember core
- 16:13Speaker 9: pc is what the FED cares about, and core pc
- 16:16Speaker 9: bottomed in April of last year. You look at you know,
- 16:19Speaker 9: ism input prices today, you look at the PPI data,
- 16:22Speaker 9: it's all suggestive of higher inflation, not lower inflation. And
- 16:25Speaker 9: so this just adds another wrinkle to that which I
- 16:27Speaker 9: think the bond market is getting right right. You started
- 16:30Speaker 9: off with the flight to quality and lower yields and
- 16:32Speaker 9: that quickly reversed course and now you're seeing higher yields
- 16:36Speaker 9: and I think that's the right reaction.
- 16:38Speaker 1: To their point, the economy is looking at PCE and
- 16:42Speaker 1: he is right there. It is April of twenty twenty
- 16:44Speaker 1: five was the bottom. It has been increasing. So it
- 16:48Speaker 1: has been a situation that has been consistently climbing. The
- 16:53Speaker 1: printing side of this is going to get very, very important.
- 16:57Speaker 1: And here's why the Fed just injected another thing, rebuild.
- 17:00Speaker 1: I know that's not a lot, but the fact is
- 17:02Speaker 1: is they're continuing to do this on the overnight repo side,
- 17:05Speaker 1: This of course starts to put more liquidity into the system.
- 17:08Speaker 1: Then of course you have to consider this right here.
- 17:10Speaker 1: This is what Arthur Hayes was hitting on of why
- 17:12Speaker 1: he thought that the printing would begin. One these is
- 17:16Speaker 1: simple but and this is a reference to a war
- 17:19Speaker 1: that could be extending out here, and that is war
- 17:22Speaker 1: spending would increase, artificial intelligence driven economic disruption hits in.
- 17:27Speaker 1: And then you have these hidden liquidity injections which right
- 17:31Speaker 1: now we're starting to see. They're building a lot of
- 17:34Speaker 1: system pressure right now that the FED really can't ignore.
- 17:36Speaker 1: And I think this is the factor that you also
- 17:39Speaker 1: have to throw into that pile of situation there, and
- 17:43Speaker 1: that is the labor side continuing to slow.
- 17:45Speaker 2: So the market is going.
- 17:47Speaker 1: To react very very violently, I think, in especially if
- 17:52Speaker 1: we start to see this continue to pull Remember there's
- 17:54Speaker 1: been an estimated or an anticipated i should say pullback
- 17:57Speaker 1: of the S and P five hundred for about the
- 18:00Speaker 1: last year. Is that many people were anticipating this. This
- 18:03Speaker 1: will wreck a lot of major investments, especially if you're
- 18:07Speaker 1: long on some of these right now, unless a major
- 18:10Speaker 1: turnaround occurs.
- 18:11Speaker 2: So be on the lookout for a lot of this.
- 18:13Speaker 1: Here's a tweet from Ben Cowen kind of hits on this,
- 18:15Speaker 1: and you have to think about this is where it's
- 18:17Speaker 1: a dog chasing his tail. But many companies just passed
- 18:20Speaker 1: the increase in prices onto you and me due to teriffs.
- 18:23Speaker 2: Right, Okay, we all acknowledge that.
- 18:25Speaker 1: But now US consumers paid these terrafts via these price increases,
- 18:29Speaker 1: and companies now are getting the refunds of which they
- 18:32Speaker 1: already collected from us. So I agree, it's been what
- 18:37Speaker 1: a mess. Maybe the tariff refunds should simply just go
- 18:39Speaker 1: back to the American people. We paid them in the
- 18:42Speaker 1: first place, so why not That would be the answer here.
- 18:45Speaker 1: I think we only have one way out of this,
- 18:47Speaker 1: and that's through you.
- 18:48Speaker 2: Look at this right here.
- 18:49Speaker 1: This was Matt Hogan kind of responding to the issue
- 18:52Speaker 1: with Ray Dalio saying that bitcoin is a bad thing
- 18:54Speaker 1: and won't necessarily see the light of day. Continuing to
- 18:58Speaker 1: put pressure on this. Central banks want to buy it.
- 19:01Speaker 1: Quantum risk are there? Matt comes in and says, yeah,
- 19:04Speaker 1: I hear some criticism here, but I also hear opportunity.
- 19:08Speaker 1: These are the reasons bitcoin is four percent of gold
- 19:11Speaker 1: and if we do start to see more pressure on
- 19:14Speaker 1: the American dollar, more pressure on Western control, then you're
- 19:20Speaker 1: going to continue to see metals and most likely a
- 19:23Speaker 1: risk asset something like bitcoin and a few others start
- 19:27Speaker 1: to make a move here.
- 19:28Speaker 2: So be on the look out for this, guys.
- 19:30Speaker 1: This is where a lot of wealth is made because
- 19:33Speaker 1: in these times it gets very volatile. That's why I
- 19:35Speaker 1: think diversification is very critical here.
- 19:38Speaker 2: Keep your head up.
- 19:39Speaker 1: We will continue to report on this as more news
- 19:41Speaker 1: comes in. If you like this video, like and subscribe,
- 19:51Speaker 1: drop a comment down below, and also join our free
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- 19:55Speaker 2: The link is in the description.