Latest / The Paul Barron Crypto Show / JP Morgan vs Ripple!🚨Banks Target Crypto Apps & Ripple Banking!🔥

Transcript

JP Morgan vs Ripple!🚨Banks Target Crypto Apps & Ripple Banking!🔥 · The Paul Barron Crypto Show

• 0:06
  Speaker 1: This is going to be a good one. Today we
• 0:07
  Speaker 1: have JP Morgan versus Ripple. We're going to break it
• 0:10
  Speaker 1: down for you. My name is Paul Barrel. Welcome back
• 0:11
  Speaker 1: into the show. Let's get into it. I do want
• 0:13
  Speaker 1: to thank our sponsor and that is Uphold. This is
• 0:15
  Speaker 1: where you guys can go to get into your own
• 0:17
  Speaker 1: strategy for building digital asset wealth. Now, there's a lot
• 0:21
  Speaker 1: of things you can do over there. Staking rewards is one.
• 0:24
  Speaker 1: You can get access to three hundred different cryptocurrencies. You
• 0:27
  Speaker 1: can also get new tokens early and as you go
• 0:30
  Speaker 1: through the rolodex here full transparency, you can go over
• 0:34
  Speaker 1: get that app earn up to four and a half
• 0:35
  Speaker 1: percent apy on your dollars going into Upholds.
• 0:38
  Speaker 2: So check it out.
• 0:39
  Speaker 1: Use our link down below for a little bit of
• 0:41
  Speaker 1: a discount. A couple of weeks ago, we did this video.
• 0:43
  Speaker 1: This of course had Canary Capital Stephen mclarg on it.
• 0:45
  Speaker 1: And in this video what it broke down was the
• 0:48
  Speaker 1: issue of fees coming from banks, meaning remember that your
• 0:51
  Speaker 1: plaid connection between a lot of these digital services is
• 0:55
  Speaker 1: now going to get a fee. And this is going
• 0:57
  Speaker 1: to happen in all areas, but specific we're going to
• 1:00
  Speaker 1: see it in the crypto market, meaning if you were
• 1:02
  Speaker 1: trying to move something to Gemini or Coinbase or Robinhood,
• 1:05
  Speaker 1: eventually there's going to be a fee there that would
• 1:06
  Speaker 1: slow you down. This is what they were talking about,
• 1:10
  Speaker 1: and now it is starting to happen. Here is, of
• 1:12
  Speaker 1: course Tyler Winklevoss breaking this down my tweet from last
• 1:15
  Speaker 1: week struck a nerve. JP Morgan told us that because
• 1:18
  Speaker 1: if they were pausing re onboarding of Gemini customers, they're
• 1:22
  Speaker 1: going to off board us during the operational change here,
• 1:26
  Speaker 1: which is where they're going to start charging for you
• 1:28
  Speaker 1: know FinTechs like Plat etc. This hurts all those kinds
• 1:31
  Speaker 1: of companies and it puts a little bit of a
• 1:34
  Speaker 1: slow down in crypto onboarding. Now, if you've got cash
• 1:37
  Speaker 1: already in these places, that's different, but if you need
• 1:39
  Speaker 1: to move cash into them, we're going to see fees
• 1:41
  Speaker 1: coming up in the future. Let me know in the comments,
• 1:43
  Speaker 1: would you guys pay a fee on your side? We
• 1:46
  Speaker 1: may see this fee being paid by the other side
• 1:50
  Speaker 1: when you're still having it. But it is going to
• 1:52
  Speaker 1: slow things down because what we've seen with Plaid and
• 1:54
  Speaker 1: things like that in terms of transferring money. It's almost
• 1:56
  Speaker 1: been instantaneous. This is a clip that breaks down. Well, actually,
• 2:00
  Speaker 1: let me show you something. This is what it's going
• 2:01
  Speaker 1: to look like. Inside one of these wallets, add a
• 2:05
  Speaker 1: payment method deposit or withdrawal, and then you're going to
• 2:08
  Speaker 1: have to go in and actually go wire transfer. That's
• 2:12
  Speaker 1: the route you're going to have in terms of options,
• 2:14
  Speaker 1: so really limits you and being able to not collect
• 2:16
  Speaker 1: or connect directly to your bank. This again gets back
• 2:19
  Speaker 1: to kind of this version of choke point three point zero. Now,
• 2:22
  Speaker 1: what are these fees going to look like? Well, you've
• 2:24
  Speaker 1: got them right here, JP Morgan, Wells Fargo. These are
• 2:27
  Speaker 1: the kind of scenarios that are going to play out
• 2:29
  Speaker 1: in coming domestic, outgoing, domestic, et cetera. Fees across the board,
• 2:34
  Speaker 1: all of this coming at the industry and a lot
• 2:37
  Speaker 1: of investors I think out there who have been investing
• 2:39
  Speaker 1: in this space for a while understand this is big
• 2:42
  Speaker 1: banks continuing to turn the knife, and I think this
• 2:45
  Speaker 1: may end up snake biting them in the future. And
• 2:49
  Speaker 1: the reason is is you're going to have companies like Robinhood,
• 2:52
  Speaker 1: who's already started to move into their banking strategy, talking
• 2:55
  Speaker 1: about launching this in the fall. Here's a little bit
• 2:57
  Speaker 1: of a sneak peek this. It will be a welcome
• 3:01
  Speaker 1: site I think for many people under the age of forty.
• 3:04
  Speaker 1: And what I mean by that is that when you
• 3:06
  Speaker 1: look at this next generation of investor, savers and people
• 3:11
  Speaker 1: using finance products, they are starting to look at alternatives.
• 3:15
  Speaker 1: We're already seeing this across the board, and in fact,
• 3:18
  Speaker 1: I think we're going to see this accelerate. Robinhood cannot
• 3:22
  Speaker 1: get here fast enough with their program, all right, So
• 3:26
  Speaker 1: the point behind this is there's going to be a
• 3:27
  Speaker 1: lot of other people that are joining them, other companies
• 3:29
  Speaker 1: that are joining Robinhood and others for these banking license
• 3:32
  Speaker 1: of course Bitco, you know, Ripplenational Bank or National Trust Bank.
• 3:37
  Speaker 1: And then of course you've got Circle right there. First,
• 3:39
  Speaker 1: National Digital Currency Airport, which is a Peter Thiel organization
• 3:43
  Speaker 1: that's going after almost a neobank concept, Fidelity, you know,
• 3:47
  Speaker 1: in the National Digital Trust, all of these of which
• 3:49
  Speaker 1: are next generation banks, all filing for a banking charter.
• 3:54
  Speaker 1: This is going to put a lot of pressure on
• 3:56
  Speaker 1: the existing bank. So what has happened out here is
• 3:59
  Speaker 1: the OCC is saying, hey, the banking system is well
• 4:02
  Speaker 1: embraced or well a positioned to embrace crypto in general,
• 4:05
  Speaker 1: and for the most part, I think they are going
• 4:08
  Speaker 1: to proceed down the normal process of approval. The issue
• 4:12
  Speaker 1: that's starting to brew right now is that JP Morgan
• 4:16
  Speaker 1: and many others are trying to circle the wagon, so
• 4:19
  Speaker 1: to speak, and develop other alternatives. One thing to point
• 4:22
  Speaker 1: out right here is JP Morgan saying that they're saying
• 4:25
  Speaker 1: that they're going to test blockchain stable coin services for
• 4:28
  Speaker 1: these institutional payments. But if you look at some of
• 4:31
  Speaker 1: the things that really align here within the Genius Act,
• 4:34
  Speaker 1: let me kind of zoom up on that Genius Act
• 4:36
  Speaker 1: distinguishes between deposit tokens from payment stable coins. So payment
• 4:40
  Speaker 1: stable coins right there designed to be used as means
• 4:42
  Speaker 1: a payment or settlement. Then you have deposit tokens right there,
• 4:45
  Speaker 1: which are for deposit banks. These are explicitly issued or
• 4:49
  Speaker 1: excluded from the definition of stable coins under the Genius Act.
• 4:53
  Speaker 1: So this starts to change the dynamic here. Now I
• 4:56
  Speaker 1: want to go to a clip because this will explain
• 4:59
  Speaker 1: why we we believe that diamond is absolutely against stablecoins.
• 5:03
  Speaker 3: Take a look utilizing leveraging competing with stable coin, and
• 5:09
  Speaker 3: how the JPM d deposit token feeds into all of
• 5:15
  Speaker 3: this as well. Thank you.
• 5:16
  Speaker 4: Yeah, so deposit token is effectively the same thing. You're
• 5:19
  Speaker 4: moving money by token. You can pay interest. We don't
• 5:22
  Speaker 4: know exactly. I think they're real, but I don't know
• 5:24
  Speaker 4: why you'd want to stable coin as opposed to payment.
• 5:27
  Speaker 4: But I do think you have fintech. You know these
• 5:29
  Speaker 4: you guys are very smart. They're trying to figure out
• 5:31
  Speaker 4: a way to create bank accounts, to get the payment
• 5:34
  Speaker 4: systems and rewards programs. And we have to be cognizant
• 5:37
  Speaker 4: that the way to be congreizan is to be involved.
• 5:40
  Speaker 3: Okay, super all.
• 5:42
  Speaker 1: Right, so you can kind of see he says you
• 5:43
  Speaker 1: don't need them, we realize they're real. Well, you do
• 5:47
  Speaker 1: need them if you're gonna see yields and potential engagement
• 5:50
  Speaker 1: in different kind of platforms, whether it's DeFi or a
• 5:53
  Speaker 1: lot of these alternative markets out there. It's not only
• 5:57
  Speaker 1: JP Morgan, it's also City Group talking about conser tering issue.
• 6:00
  Speaker 1: It's issuing its own deposit token. Let's get away from
• 6:04
  Speaker 1: using the term stable coin. That's not what they are.
• 6:06
  Speaker 1: This is coming from your CEO. Now, I want to
• 6:08
  Speaker 1: go to this next clip, which is where they have
• 6:11
  Speaker 1: a whole issue of where JP Morgan is actually and
• 6:14
  Speaker 1: he's kind of gas lighting people around this open banking concept.
• 6:18
  Speaker 1: Take a look.
• 6:19
  Speaker 3: And then separately on the topic of open banking, I
• 6:24
  Speaker 3: think that's on hold right now with the CFPP. Does
• 6:27
  Speaker 3: this hold period give you an opportunity to change how
• 6:32
  Speaker 3: you're pricing for your open banking and fintech relationships here?
• 6:37
  Speaker 4: So this is very important. So if we get pricing
• 6:39
  Speaker 4: for a second, we are in favor of the customer.
• 6:44
  Speaker 4: And if you see today, you know a lot of
• 6:46
  Speaker 4: these scams and foods you run through third party social
• 6:49
  Speaker 4: media and stuff like that, there should be a little
• 6:51
  Speaker 4: more responsibility in their port. That's why.
• 6:54
  Speaker 3: Excellent, Okay, thank you so much for that.
• 6:57
  Speaker 1: All right, So now he's calling many of these companies
• 6:59
  Speaker 1: has been around for over a decade scams and the
• 7:02
  Speaker 1: point is is that they continue to put these barriers
• 7:05
  Speaker 1: up because they know that the end is near. One
• 7:07
  Speaker 1: of the things that City Bank, this is coming from
• 7:09
  Speaker 1: one of the reports from City Group actually says this
• 7:12
  Speaker 1: out in the open. And what they're saying here is
• 7:13
  Speaker 1: that if you group together this is Bank of American,
• 7:16
  Speaker 1: JP Morgan and others, you could very quickly create a
• 7:20
  Speaker 1: whole alliance that would be impenetrable by these new entrants.
• 7:23
  Speaker 1: So think of Gemini, robin Hood, you know, Circle Ripple,
• 7:27
  Speaker 1: et cetera. This is a little bit of the thing
• 7:30
  Speaker 1: because remember they did this with Zell And this is
• 7:34
  Speaker 1: the issue because to me, this is what needs to
• 7:35
  Speaker 1: happen for all the benefits that they're talking about to
• 7:38
  Speaker 1: stay locking you in their ecosystem. This gets back to
• 7:43
  Speaker 1: the point of holding customers hostage instead of giving the
• 7:47
  Speaker 1: ability to move around in different financial systems. And as
• 7:50
  Speaker 1: we see all of this take place, Guys, this is
• 7:53
  Speaker 1: a big, big deal. This could be choke point three
• 7:56
  Speaker 1: point zero hidden inside of the Genius Act for helping
• 8:00
  Speaker 1: these big banks hopefully defend off. Now can they hold
• 8:03
  Speaker 1: it for long? That I don't know, because it will
• 8:05
  Speaker 1: all depend on the occ and how quickly they approve
• 8:09
  Speaker 1: these banks. If they approve them quickly, then it's a
• 8:11
  Speaker 1: different deal. One thing that happened a very long time
• 8:14
  Speaker 1: ago was Brad garling House actually foresaw this. Look at
• 8:18
  Speaker 1: what he said, this is the case against bank Cooin
• 8:21
  Speaker 1: what he called it. This was August twenty fourth, twenty sixteen. Guys,
• 8:25
  Speaker 1: twenty sixteen, and he kind of goes into it. He's
• 8:28
  Speaker 1: talking about Deutsche Bank, standard er Be and y all that,
• 8:30
  Speaker 1: and then their city coin and guess what, Golden Sacks
• 8:33
  Speaker 1: and even their settle coin. So the point being is
• 8:36
  Speaker 1: he knew this was coming. This was just a matter
• 8:38
  Speaker 1: of time. A couple of things had to happen, though,
• 8:40
  Speaker 1: to make all this work. One, the regulation had to happen.
• 8:44
  Speaker 1: We had to see Potus get into office, restructure crypto.
• 8:47
  Speaker 1: That's been done. Then we had to see the Genius
• 8:50
  Speaker 1: Act get through. Now that's been done. Stable Coin is underway.
• 8:53
  Speaker 1: Now you have to go in through the process of
• 8:55
  Speaker 1: these charters. All of this is now underway. And what's
• 8:59
  Speaker 1: interesting to me is the banks didn't foresee this company coming,
• 9:03
  Speaker 1: so they had to rely on other methods. One of them,
• 9:07
  Speaker 1: and this is a quirre garling House kind of goes
• 9:09
  Speaker 1: in and roast JP Morgan a little bit, and I'll
• 9:12
  Speaker 1: explain why and their tactics they're going to try here
• 9:15
  Speaker 1: in a second. Take a look at this.
• 9:16
  Speaker 2: I think it's great for the blockchain and crypto industry
• 9:19
  Speaker 2: to have players like JPM leaning in thumbs up. That's great.
• 9:23
  Speaker 2: That's the only nice thing IM gonna say about this.
• 9:26
  Speaker 2: So is Morgan Stanley going to use the JPM coin?
• 9:28
  Speaker 2: Probably not, you know, And so Well City going to
• 9:30
  Speaker 2: use a JPM coin, Is b of A going to
• 9:32
  Speaker 2: use a JPM coins P and Z? And the answer
• 9:34
  Speaker 2: is no. Does that mean we're all going to have
• 9:35
  Speaker 2: these different coins? And does that mean like we're back
• 9:37
  Speaker 2: to where we are where there's lack of interoperability, So like, well,
• 9:39
  Speaker 2: I don't get it. One more quick thing on a
• 9:41
  Speaker 2: JPM coin. They announced for institutional customers, if you give
• 9:45
  Speaker 2: them a dollar and deposits, they'll give you a JPM
• 9:48
  Speaker 2: coin that you then can move within the JPM ledger.
• 9:51
  Speaker 2: Wait a minute, just use the dollar, right, Well, I don't.
• 9:54
  Speaker 2: I really don't understand if you're just moving it within
• 9:57
  Speaker 2: the JPM ledger and it has to be dollar to
• 9:59
  Speaker 2: a dollar, you know, a one to one backing, it
• 10:02
  Speaker 2: honestly doesn't. Actually, I don't understand what problem that solves. Look,
• 10:04
  Speaker 2: if it solves the problem of JPM being associated as
• 10:07
  Speaker 2: they're leaning into crypto, ya, that's all I got.
• 10:12
  Speaker 1: As you see right there on that this is pretty
• 10:14
  Speaker 1: much a PR stunt from the banking industry. The problem
• 10:17
  Speaker 1: is is They're getting into an era of next generation
• 10:20
  Speaker 1: investors and banking customers that already kind of see through
• 10:24
  Speaker 1: this fraud, and I think that is a factor. They're
• 10:26
  Speaker 1: either going to have to change their ways at some
• 10:28
  Speaker 1: point or they will die. And the reason they're going
• 10:31
  Speaker 1: to die, well, it's things like this right here, This
• 10:33
  Speaker 1: is AVE, and we had standing on the other day
• 10:36
  Speaker 1: that kind of explain this. This is rl USD average
• 10:39
  Speaker 1: ap y right now ten zero point one nine percent. Guys,
• 10:43
  Speaker 1: there is no bank in the world paying those kinds
• 10:45
  Speaker 1: of yields on a stable product like rl USD or
• 10:49
  Speaker 1: SDC or USDT. Those are the kind of things that
• 10:52
  Speaker 1: are happening in DeFi right now, Ripple. If you take
• 10:55
  Speaker 1: a look at their stable coin right now on market
• 10:57
  Speaker 1: cap continuing to climb. This is just the beginning of
• 11:01
  Speaker 1: where this is going. Expect a lot more other things
• 11:04
  Speaker 1: that I want to hit on right here, right there,
• 11:06
  Speaker 1: right now, ave R l USD nine and a half
• 11:09
  Speaker 1: XRP ledger integration, borrow, steak and swap that's coming. When
• 11:12
  Speaker 1: we start to see that, you're going to see another
• 11:13
  Speaker 1: explosion in terms of our assets are moved, especially into DeFi.
• 11:17
  Speaker 1: I think AVE is gonna be a big part of this. Then,
• 11:19
  Speaker 1: of course you got others out there paying ridiculous amounts
• 11:22
  Speaker 1: of APR right now. So the point is you've got
• 11:24
  Speaker 1: a lot of markets starting to open up, two stable
• 11:27
  Speaker 1: coins and the interoperability of things like r l usd USDC, etc.
• 11:31
  Speaker 1: Let me go to one more clip. This is Charles
• 11:33
  Speaker 1: Hoskinson Cardano breaking down why the Dino tokens will actually
• 11:39
  Speaker 1: benefit from all this. Take a look.
• 11:40
  Speaker 5: Is that the dynamic with some of these other like
• 11:44
  Speaker 5: I don't know how you feel about this term, but
• 11:45
  Speaker 5: like Dino coins, like you know, there's when the market
• 11:48
  Speaker 5: really pumps, like you guys pump, Ripple pumps, Hadera pumps,
• 11:52
  Speaker 5: Algorm pumps.
• 11:53
  Speaker 6: What was really cool is that the Japanese buy and
• 11:55
  Speaker 6: holding you just never sell fifty percent or more is
• 11:57
  Speaker 6: still sitting in Japan. So it's about fifteen billion dollars.
• 12:01
  Speaker 6: They sell, they get a fifty five percent tax rate.
• 12:03
  Speaker 6: So here's why it's going to supercharge default.
• 12:05
  Speaker 5: So they just never sell because of the tax rate.
• 12:06
  Speaker 6: Yeah, just told it. But basically, if you make a
• 12:09
  Speaker 6: yield product out of it where they lend their aid
• 12:11
  Speaker 6: to create a stable coin and do that, then they're
• 12:13
  Speaker 6: not selling right. So once those DeFi markets turn on
• 12:16
  Speaker 6: and the Japanese decide to do that like instantly, the
• 12:19
  Speaker 6: TVL goes to like.
• 12:21
  Speaker 1: Okay, So Charles, I agree with you. Think about this
• 12:26
  Speaker 1: right here. This is a good example of this. If
• 12:28
  Speaker 1: it suddenly cost you ten bucks to move one hundred
• 12:30
  Speaker 1: bucks into coinbase or Robinhood, fewer people possibly would do it.
• 12:35
  Speaker 1: Or if it cost you ten bucks to get a
• 12:37
  Speaker 1: cheaper from fintech, maybe you'd be forced to take a
• 12:40
  Speaker 1: crappier one by JPM. So this is a problem because
• 12:44
  Speaker 1: it starts to move into holding customers hostage. I agree
• 12:48
  Speaker 1: with this statement. This is a problem for banks. Now,
• 12:51
  Speaker 1: there's two things that can happen here. The banks can
• 12:53
  Speaker 1: eventually open up to this, but how much damage have
• 12:56
  Speaker 1: they done versus embracing it in the beginning. It's still
• 13:01
  Speaker 1: old school thinking. That's the problem right now with old
• 13:04
  Speaker 1: school banking. If they would just move forward, there's no
• 13:07
  Speaker 1: telling how big and how great they could be and
• 13:10
  Speaker 1: how easy it would be to maintain that customer base
• 13:13
  Speaker 1: that they already spend billions, if not trillions to obtain.
• 13:17
  Speaker 1: All right, So with Ripple applying for the banking license.
• 13:20
  Speaker 1: The reaction was the BPI. This, of course is the
• 13:23
  Speaker 1: Bank Policy Institutes. They are a lobbying group. They represent
• 13:26
  Speaker 1: forty two different banks. We'll explain that in a second.
• 13:29
  Speaker 1: But here's what the letter said. If you go further
• 13:31
  Speaker 1: on down here, and they're talking about this deadline, because
• 13:34
  Speaker 1: the deadline August fourth, you'll see it right there. This
• 13:36
  Speaker 1: is an insufficient time period of time to meaningfully consider
• 13:40
  Speaker 1: or comment on the application in light of the novel
• 13:43
  Speaker 1: activities in which the applicant seemingly poses to engage. The
• 13:47
  Speaker 1: applicant may implicate major legal and policy questions for the
• 13:51
  Speaker 1: first time, and therefore requires more time for review. In
• 13:54
  Speaker 1: other words, they're stalling further into that. They go down here,
• 13:58
  Speaker 1: and it's kind of interesting. This is a high level
• 14:02
  Speaker 1: generic description. I love this proposed by activities does not
• 14:06
  Speaker 1: provide adequate information about the operations to allow public to
• 14:11
  Speaker 1: evaluate these potential problems, risk, legal policy, all of this.
• 14:16
  Speaker 1: It's going to blow up. And the reason it's an
• 14:19
  Speaker 1: OS moment for them is because of this right here,
• 14:22
  Speaker 1: let's take a look at the Policy Institute. Well, there's
• 14:25
  Speaker 1: Jane Fraser, the CEO of City Bank, and who's this
• 14:28
  Speaker 1: guy who's that guy? That must be Jamie Diamond. He's
• 14:31
  Speaker 1: right there in the middle of all this. Of course, guys,
• 14:35
  Speaker 1: this is a strategic move to delay, defend, deflect, whatever
• 14:38
  Speaker 1: you want to call it. The OCC is going to
• 14:40
  Speaker 1: approve this. It's all about the timeline. Add another sixty days,
• 14:44
  Speaker 1: add another thirty on top of that, because you're going
• 14:46
  Speaker 1: to see this little dance start to happen. And what
• 14:48
  Speaker 1: it boils down to is maybe a January first or
• 14:51
  Speaker 1: earlier launch of what we're going to see, and that
• 14:55
  Speaker 1: is the ripple banking system being improved. So one hundred
• 14:57
  Speaker 1: and fifty six days on the outside, on the inside
• 15:01
  Speaker 1: we could see much faster. I hope that is the case.
• 15:03
  Speaker 1: But more importantly, I hope that banks start to realize
• 15:07
  Speaker 1: that you are much smarter and that the next generation
• 15:10
  Speaker 1: of investors and bank customers are extremely savvy of what's
• 15:14
  Speaker 1: going on. I think they are a little bit blind
• 15:17
  Speaker 1: to all of this. So it's a big one, all right.
• 15:19
  Speaker 1: So you guys make sure and leave comments below. And
• 15:21
  Speaker 1: I think one of the things you should be doing
• 15:23
  Speaker 1: is start to check with your own banks. What are
• 15:24
  Speaker 1: they doing. Are they starting to implement these fees on you?
• 15:28
  Speaker 1: Speak up, let them know you're not happy with those
• 15:31
  Speaker 1: kind of things. And I think the opportunity educate them,
• 15:34
  Speaker 1: the more customers talk to them and start to hit
• 15:36
  Speaker 1: them on social maybe, just maybe they'll change their ways.
• 15:40
  Speaker 3: We'll see.
• 15:40
  Speaker 1: I don't think they will. I think there's a next
• 15:43
  Speaker 1: generation that's in front of us, and it's all happening
• 15:45
  Speaker 1: right here on the blockchain. You guys, make sure and
• 15:47
  Speaker 1: subscribe to the show. If you're not in the Diamond circle,
• 15:49
  Speaker 1: get in on that right now. That's our own private
• 15:51
  Speaker 1: email list that goes out to you with additional research.
• 15:54
  Speaker 1: Follow me on x at Paul Baron. We'll catch you
• 15:56
  Speaker 1: next time, right here on the Paul Baron Show.
• 16:01
  Speaker 3: Do you think