THE BIG MIG SHOW
JANUARY 24, 2025
EPISODE 463 – 7PM
As of January 24, 2025, President Donald Trump has issued several executive orders during his second term that pertain to oil, energy, cryptocurrency, digital assets, banking, and finance. Below is a comprehensive list of these orders, along with brief summaries:
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None. The.
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Welcome back to the Big MIG Show Global Finance Forum, of course,
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powered by Genesis Gold Group. I'm your host today, Lance
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Miliacho. I will not be joined by Jonathan
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Rose or Jacob Diaz as they are busy.
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As you know, they've got their hands full out there in LA.
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And George Ballantine, he's behind the scenes, but he is
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working on our studio down in West Palm Beach, FL.
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We're building out a new studio and that's going to be for our
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Crypto Power Hour show. We hope to be up and running and
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maybe the next two to three weeks.
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We've got all the equipment. We're just waiting to wrap up
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some of the details and some of the other items that are coming
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in to finish up studio. But he's been slaving way down
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there and of course it didn't feel like he would represent the
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show correctly because he didn't really have time to clean up.
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He's working as the GC down there.
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So it's really he's got his hands full on the job.
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Turned out to be a lot bigger than we thought it was going to
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be. But of course, you know, on this
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show, we're your go to source for cutting edge insights in the
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world of finance. Genesis Goal Group believes in
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empowering faith driven stewardship or gold and silver
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are an integral part of a balanced portfolio.
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And of course, protecting your finances with precious metals
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has never been more crucial. Join us as we explore the forces
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shaping global markets, the power of precious metals, and
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the dynamics that influence economies across borders.
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Listen, George just threw up the QR code.
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I'm going to give a quick shout out for the Genesis gold guys.
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You know what we're going to be talking about the prepper bar.
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If you don't have some of these yet, you should.
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The 62.2g prepper bar perforated, easily broken down.
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I want to say this, what about to say isn't crazy conspiracy
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theory. The digital dollar is coming.
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You've seen the crypto executive orders, the initiate on crypto
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is big in full swing. That's why we're doing the
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crypto Power hour. But that's why we're telling you
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to have some gold and silver on hand.
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You never know what's going to happen to with the digital
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dollar or your U.S. dollar coming and what's going to be
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the effect. So having another way to pay for
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things just in case all of a sudden you don't have access to
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your funds if your accounts are shut down, if government takes
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more control, countries are hacking into our financial
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system right now. As we speak, they're going to
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try to triple the US dollar because that's one of the most
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powerful ways to attack us. And of course, that could make
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your accounts vanish, frozen, wiped out, monitored,
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controlled. The government's more control,
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more surveillance. Prepper bars are your absolute
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escape. These are real, tangible forms
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of wealth. They're available in gold and
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silver. They're mined and minted here in
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the US. The point is, head over to the
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bigmigbar.com. That's the bigmigbar.com.
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No hacker can steal these. Time is ticking.
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You need to act now to secure your prepper bars, either gold
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or silver. Get some for yourself.
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Get some for your family members.
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They make great grifts for birthdays, holidays, you name
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it. Right now I believe they're
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still offering the discount because I don't believe they
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pulled it. But you know, again, it might be
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a time thing. It could happen today.
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Use all caps prepper. That's PREPPER for 10% off on
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the silver and 5% off on the gold, which is an amazing deal.
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You don't really see go to discounts like that and gold and
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silver. So the big bigbar.com head over
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there now. Wow, what a week in the news
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cycle. I'm telling you, it's it's it's
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kind of mind blowing really what's going on.
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And you have to look at it from the perspective of how big
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things have gotten here since the Trump administration stepped
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in. We're only on day five, I think.
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I think it's day 5. Feels like it's day, day one
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year in swing. You know, executive orders are
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the big news in the news cycle. And you really have to take a
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look at the amount and the number of, first of all, to the
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audience, where the hell does Trump get all his energy?
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I need to bottle that stuff. I mean, I'm a pretty high energy
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guy. George is a pretty high energy
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guy without anything, You know, we really don't drink or do
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anything else. But the point is, you know, you
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try to take care of yourself physically.
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Trump is a beast. I mean, this guy is just
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cranking it out and you got to look at the the executive orders
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really was come up here, let's throw up that website.
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I want to show everybody where they can go.
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If you guys don't know, you can go to thewhitehouse.gov and
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slash presidential orders and these are the EOS, the executive
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orders before they're fully published on the other executive
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order site. But by by really looking at this
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website, you can find out really what's going on in the US and
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really maybe what's going on for your own finances.
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Of course, you know, you have to look at the fact that since the
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second term started, he's already put up a bunch of EOEOS
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related to oil, energy, cryptocurrency, digital assets,
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banking and finance. Now, here's a partial list.
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I know there's more than this, but I just want to read off a
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couple of these to you. And you can just see the website
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there. Just so you know where to go
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when it comes. First of all, he put on an
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executive order declaring a national energy emergency.
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Energy independence has been a big deal for Trump always.
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I appreciate that about him. Biden tried to shut us down, I
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believe, as a way of intentionally damaging us, tried
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to claim it was for the new Green New Deal, which I don't
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believe in at all. I don't believe it's all about
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that. We know that wind energy is
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inefficient. Nuclear's got some options.
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You know, hydrogen fuel cell is obviously valuable, but there
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are so many things that people are putting their money into
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that don't think. I mean, look, even EVs, if
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everybody in the United States had an EV, our current
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infrastructure for electrical power grid would not be able to
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maintain. But this order specifically
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declares a national emergency to expedite the development of
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domestic energy resources. Of course, it's aim is to reduce
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reliance on foreign energy, which has always been a goal of
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Trump's important when you think about the the whole thing that
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backs finance, which let's face it, without having energy
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independence, all finances at risk.
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So important. He had another order right away
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backed up unleashing American energy.
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And of course, that order revoked several previous
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executive orders related to climate change and environmental
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regulations that the Biden administration had passed.
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You know, he he's intending to promote the development of
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domestic energy resources, hopefully get the Keystone
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Pipeline XL back online. He's definitely, definitely
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opened up Alaska. He's opened up some of the
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coastal areas again. And he wants to reduce the wind
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energy. George and I were discussing
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this on the show the other day. The wind, the off, the coastal
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wind generators, the ones that are off in the water and the
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underwater generators are really screwing with ocean wildlife.
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I don't know if you saw the whales that beached in New
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Jersey, but I, I think this is great that he's going to change
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this. I don't think that stuff works
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very well and I don't think it's benefiting anybody.
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This last order was aimed at promoting energy development in
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Alaska and directs the review of potential rescissions of certain
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environmental decisions that were made by other
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administrations. No, listen, you know, AI is here
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to stay. Trump wants to be at the tip of
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the spear on it. You know, like we always talk
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about on our shows, to be in the tip of the spear.
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He's talking about strengthening American leadership in digital
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financial technology. Now, I man, is this important.
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You know, don't underestimate probably the, the, the country
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that has made some of the largest when it comes to
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development, and I'm talking about major developments is
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China. And we really don't want China
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to be that far ahead of us on AI.
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So he established this order. It's a task force, of course,
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the review and proposed regulations that those are going
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to protect and promote access to blockchain networks, stable
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coins, related banking services. And it reflects the, you know,
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the administration's intent to foster innovation in the
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cryptocurrency sector, which of course, digital financial
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technology, AI technology, both really relevant to that.
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And it's going to also reduce the regulatory hurdles, which I
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think are really important. I don't know if you guys saw it
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today, big news. He's he signed an executive
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order authorizing Doja. That's, that's a lock now that's
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done. So a department of government
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efficiency. And you can see the need for it,
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right? He's passing executive orders
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right now that are being ignored intentionally.
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There are federal judges right now currently ignoring his
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federal executive orders, acting like they don't exist or arguing
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with him why they shouldn't exist.
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And then the same thing. You've got the BLP he ordered.
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You know, all these J Sixers pardoned and released
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immediately. Well, now they're actually
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taking the J Sixers and moving them to other facilities, trying
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to stop the US Marshals from locating them.
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So the Department of Government efficiency should put a stop to
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that. I said the other day online, a
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lot of people like the post. I said that I thought all of a
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sudden, do we need an executive order to authorize that if
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anybody ignores an executive order, that immediate action is
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taken against that individual, meaning they're suspended,
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fired, maybe brought criminal charges against.
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It seems ridiculous that we mean any more paperwork.
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I'm with many of the other leaders in our nation.
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I think it's time for arrests. So we'll see where that goes.
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Now, listen, when you this next one is kind of a big deal.
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This is the executive order. He's establishing the
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president's working group on digital asset markets.
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Now that order is going to establish a working group, you
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know, led by David Sachs, who's the, you guys know him.
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He's the newly appointed White House AI and Cryptozar.
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And he wants to develop a, you know, comprehensive federal
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regulatory framework for digital assets.
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He doesn't want to restrict them.
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He wants to maximize growth, but he also doesn't want the
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nefarious parts of digital assets like rug pulls.
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He wants to figure a way to stop some of these scammers out there
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that are taking advantage of people in the crypto market.
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I think it's great. And Crypt is going to be tasked
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with exploring the creation of strategic national digital asset
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stockpile, which I believe is going to include at this point,
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their discussion is going to include Bitcoin and XRPI.
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Don't know what other ones there will be, although it's
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interesting. I think if you look at Liberty
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Media, Trump's crypto company, and look at what he's holding in
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their wallet, you should be able to identify a lot of the cryptos
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that are going into the crypto, you know, the strategic reserve.
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So I think that I think the creation of that strategic
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reserve is a big deal. And I think that policy
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recommendations they'll have done within 180 days is what
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they're talking about or sooner. That order is also going to
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prohibit the establishment of AUS central banking currency.
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So they're saying they don't want a digital currency.
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I don't know what that means for the companies that are that are
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talking about that like XRP, Ripple, We'll have to see where
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that heads. But I believe the digital
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currency is coming. But I want to think, I think
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they're trying to control it and make sure it's something that
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they have control of. Because I believe the real part
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of this is they want to get rid of the Federal Reserve Bank.
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And the Federal Reserve Bank clearly doesn't want to be
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gotten rid of the families that own that bank.
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It's not the US government, it's numerous families.
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They clearly have been getting away with murder.
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And I say that, you know, in a very cavalier manner.
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They've been getting ready with murder for a long time, charging
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the US government to print our currency.
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I mean, so they print a dollar, they print $100 bill for six or
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eight cents and they charge the US government $100 and interest
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on it as if as if they are creating something that's backed
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by hard assets like bullion. But it isn't.
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It's a Fiat currency. So we'll see what goes on there.
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Now you have to look at Trump's executive orders and you know,
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excludes the Fed, the FDIC from crypto working groups, which I
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think is is an important signal. As I just said, I don't think
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the Federal Reserve is going to be involved.
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So that order is going to exclude the US central bank from
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future stable coin regulation. He signed an executive order for
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some banking challenges for web three companies and he's trying
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to create a clean, clear regulations for all those
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digital assets. But the working group on digital
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asset markets is tasked with finding ways to promote US
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leadership in the crypto industry.
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You know, look, this is what we want.
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We want the, the, the US to be the global leader in digital and
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you know, crypto currency assets, right, blockchain, web
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3D5, decentralized finance. And right now the Biden
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administration, because of their lack of action and of course,
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leaving a guy like Gary Gensler in place who did a tremendous
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amount of damage in the cryptocurrency market, they've
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allowed Dubai to really make some massive inroads.
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So this is what he's planning on doing is turning that around,
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which I think is great. It's important for us, you know,
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we have to be at the top of the food chain on AI and digital
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assets, cryptocurrency. We have to be, we don't have a
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choice. It's necessary for the safety
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and security in the United States.
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So I think these are great moves, you know, and that and
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that strategic digital asset stockpile is a is an important
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part of it. So if you get a chance to vote
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on it and you can talk to your own congressman, tell them that
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you're gung ho on it, because I think it really matters.
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Now, if you look at this, excluding the US Federal Reserve
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and FDIC from cryptocurrency working groups, I think we've
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got a message from Trump. And, and what is that message?
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I think the Federal Reserve is out.
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In the long term, it may not be an immediate thing because he
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doesn't want to tank the economy any more than the Biden
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administration did or cause more inflation.
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But I think in the long term and the Fed baby, I think it's out
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of here. So we'll, we'll keep our, we'll
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keep our eyes on that for you with our sources inside DC and
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we'll make sure that if that starts to look more serious,
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we'll talk to you about it. But you know, the de banking
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efforts, you have to look at what happened in the
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cryptocurrency and, and the crypto industry, the de banking
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efforts that were done by so many banks.
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And there's a great, there's a great quote I found.
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Caitlin Long was talking and she's the founder and CEO of
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Custodia Bank. She said Trump's crypto
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executive order excludes the Fed and FDIC from the digital asset
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working group. Both tried to kill the industry
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through de banking and especially targeted my company
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Custodia Bank. Both belong on the outside now.
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You know, Bank of America was part of that also.
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And you know how they debanked so many conservatives and we'll
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be talking about it in a little while here, but keep that in
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mind that a lot of banks didn't want cryptocurrency because it
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undermines their control of the current banking system, the
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SWIFT system and the rest of it meant and a challenge to it is
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that the blockchain system is the replacement for the Swiss
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system. I mean, really in the long term,
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that's what's going to happen. So, you know, Biden had multiple
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cryptocurrency firms were denied access to banking services and
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that was done intentionally. And some insiders are describing
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this as an orchestrated effort and they're calling it Operation
00:15:28
Choke .2 Point O. And intentionally, he made sure
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that cryptocurrency firms got debanked.
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I know a couple of myself. In fact, the company we're doing
00:15:37
the Crypto Power Hour with, Solom Global, had a DE banking
00:15:40
effort. They got past it.
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But at the end of the day, why should that happen?
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These are legitimate companies with legitimate assets and
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legitimate development in the future.
00:15:50
But this whole banking cartel, they kind of need to be put to
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stop. And hopefully this is what
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Trump's doing. Now.
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There's more than 30 technology and crypto founders who are
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secretly debanked over the past four years and that comes from
00:16:04
Anderson Horowitz who's the Co founder of Mark Anderson of
00:16:07
course. And that collapse of crypto
00:16:09
friendly banks in 23 sparked the first allegations of Operation
00:16:13
Choke .2 Point O. So lots of people have talked
00:16:16
talked about that. It's out there.
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You just have to remember that this is what's going on in U.S.
00:16:20
banks. You know, central banks that
00:16:21
froze out stablecoin policies. You know, for so long, it's
00:16:25
pretty incredible. the US central bank has been frozen out
00:16:27
of stablecoin policy marking. I believe this is a means Scott
00:16:32
Basant as Treasury sector would be firmly in charge of it.
00:16:35
And I think Scott Basant is going to make the changes that
00:16:38
we need. And that was a quote by long.
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Again, of course, if you know Basant, he's a billionaire, he's
00:16:43
an investor, a hedge fund manager.
00:16:45
He was previously a partner at Soros Fund Management.
00:16:48
The guy's a real deal. He has a lot of knowledge.
00:16:51
I don't like the link to Soros, but hopefully that's not
00:16:55
relevant. Hopefully we we get past the
00:16:56
scope of that. You know, I'm not a George Soros
00:16:58
or Alexander Soros fan. I'd like to see an executive
00:17:01
order on both of them. So let's talk about smoother
00:17:05
crypto custody for U.S. banks. You know, so if you look on
00:17:11
January 23rd, the the SEC rescinded which what I call a
00:17:15
very controversial document called the Staff Accounting
00:17:18
Bulletin 121 shortened as SAB 121.
00:17:23
That was a rule that mandated financial firms holding a crypto
00:17:25
on behalf of customers must record them as liabilities on
00:17:29
their balance sheets. But now they've rescinded that
00:17:33
and they and they've kind of given an interpretation that's a
00:17:35
moderation of that, but they want to see that the smoother
00:17:38
for U.S. banks to be able to, you know, register these
00:17:40
custodial digital assets. Now for the first time ever,
00:17:44
there was a loan issued against secure assets.
00:17:47
The loan was issued and I don't remember the exact story.
00:17:50
I wish I'd take grabbed it for you guys, but you can go look it
00:17:53
up on the Internet. There was money loaned against
00:17:55
Solana coins that than an individual loan.
00:17:58
So it's interesting they were used as a secure asset, which
00:18:01
which is a real change by the banking system.
00:18:04
So, you know, hopefully this is all going to have a positive
00:18:06
impact on where we're going with this.
00:18:08
But you know, these executive orders I think are going to have
00:18:12
massive waves in the financial markets.
00:18:16
So if you look at the one they signed on Thursday, that was the
00:18:18
one that was to promote the advancement of cryptocurrencies
00:18:21
in the US and to work toward potentially developing a
00:18:24
national digital asset stockpile.
00:18:26
So I think Trump, you know, I think you look at David Sacks,
00:18:30
Trump tapped him as as crypto and AI czar.
00:18:35
He's joined Trump in the Oval also for the signing of that
00:18:38
order. But I believe he has contributed
00:18:39
in a massive way to where this is all heading.
00:18:43
And I think you have to look at it as how can I, what can I do
00:18:47
in my own financial world? And I, you know, we never give
00:18:50
you financial advice on this show.
00:18:51
We're giving you financial education, but you need to talk
00:18:54
to your financial advisors and say, how can I participate in
00:18:57
this crypto revolution? Where are some of the safest
00:19:00
locations for me maybe to, you know, dip my toe in the water?
00:19:04
You know, what do I do about that?
00:19:05
And I think with with the kind of pushes the next three to four
00:19:08
years in this administration, if you don't, you may very well
00:19:11
miss generational wealth because right now across the globe, and
00:19:16
this is a statistic you should hold on to, less than 5% of all
00:19:19
the people in the entire planet are involved in digital assets
00:19:23
and crypto. Now, if you think about that
00:19:25
number, it's extremely small. This is a number that just
00:19:29
doesn't represent the importance of this.
00:19:31
I think people need to really get involved.
00:19:33
And I know it's hard. Look, it's like learning a new
00:19:35
language. I'm studying it all day now, off
00:19:37
and on all day. George is doing the same thing
00:19:40
and it's it's tricky. It is very, very complicated.
00:19:44
The wallets and you want to know about meme coins and all coins
00:19:47
and you want to know about, you know, what's a stable coin and
00:19:50
which coins are the what you consider blue chip?
00:19:52
Is Bitcoin really a blue chip? Is XRP really a blue chip where
00:19:56
there's Ethereum set when it comes to short term contracts?
00:19:59
I mean, this is all difficult, but you got it.
00:20:02
Get yourself entrenched. YouTube's got some great shows.
00:20:05
You'll have the crypto Power hour to turn to.
00:20:07
You can always come to the Digital Finance Forum.
00:20:10
You know, our show on Fridays here because it's global finance
00:20:13
forum show, it's a great place to, you know, to get educated.
00:20:16
You know, we're just touching on the fringe, the crypto power
00:20:19
out. We're going to go, we're going
00:20:20
to deep dive on that show. We're going to have the right
00:20:22
guess, right information, the right education and we've got a
00:20:26
lot of great potential hosts. We had a great host that's going
00:20:28
to be coming out of the UK to join us that they're they're
00:20:31
signing a deal with very soon. So that's exciting.
00:20:33
So, you know, if you look at what he's talking about for this
00:20:38
asset class and, and creating this strategic reserve of of
00:20:43
digital assets, you know, recently the US Marshall service
00:20:45
has always had the the the authority to auction off, seize
00:20:49
Bitcoin along with all other crypto currencies at ether, you
00:20:53
know, as Ethereum, Litecoin, you name it.
00:20:56
But they were talking about auctioning off the ones that
00:20:59
come from the Silk Road. And I believe that's been
00:21:03
stopped dead in its tracks because Trump is talking about
00:21:05
adding those to the strategic reserve.
00:21:07
So when you had that dip on Bitcoin because of that, it's a
00:21:10
pre emptive dip. And you have to watch about the
00:21:13
emotion of this market. You got a lot of very new
00:21:15
investors. None of not all of them are
00:21:18
extremely experienced because of the narrow window of Bitcoin.
00:21:21
So they tend to act the news like, I think a lot of the stuff
00:21:23
that Trump did was good news and we saw a dip in all the crypto
00:21:26
markets. I can't imagine why what he said
00:21:28
would cause a sell off. Part of it had to do supposedly
00:21:31
with his comments about digital asset, a stable coin running in
00:21:35
for a digital US coin. But I don't know, you know, I
00:21:39
think I think those guys overreacted and it already turns
00:21:42
out because it's coming back up right now.
00:21:44
So maybe a lot of other people think the same thing.
00:21:47
So he, you know, he said that he would keep 100% of all the
00:21:50
Bitcoin in the US government currently holds or acquires in
00:21:53
the future. So that has to do with seizures.
00:21:55
So I don't think those sales are going to occur.
00:21:56
So good news for the Bitcoin holders.
00:21:59
We'll see what happens. Of course, you know, the the
00:22:02
founder of Silk Road was just released on another executive
00:22:07
order. He was given clemency so that,
00:22:10
you know, a presidential pardon. So I think he's that's really
00:22:14
going to be a big deal here because I'm wondering if he has
00:22:17
wallets that were inactive of coins the US government did not
00:22:20
seize and what that means. Are those coins going to be back
00:22:23
in play? So we'll see what happens.
00:22:25
Of course, that crypto task force is going to be extremely
00:22:29
important on all this. And you know, when you look at
00:22:33
Basant, he's a pro crypto hedge fund manager.
00:22:36
And I think the way he's leading is exactly where we need to head
00:22:40
with this. So this is all going to be
00:22:42
crucial. So you're looking at what?
00:22:44
So right now, because of Trump, Wall Street a bunch of CE OS
00:22:52
more than Michael Saylor. You know, he's already jumped
00:22:54
in. There's a lot of companies that
00:22:55
already own Bitcoin strategic, a dollar, you know, amounts in
00:22:59
their investment portfolios for different institutional
00:23:02
investors and companies. But it looks like Wall Street's
00:23:05
getting ready to double up. A bunch of top CE OS told CNBC
00:23:09
from Davos, Switzerland this week that they're ready to go
00:23:11
bigger into crypto if the Trump admin rolls out favorable
00:23:15
policies. One of those policies has got to
00:23:17
do with domestic crypto currencies.
00:23:21
And what we're hearing is that he's going to make those tax no
00:23:24
capital gains. Can you imagine the impact of
00:23:28
any cryptocurrency in the US gets no cap?
00:23:32
Yeah, man, that's a big one. I mean, and you have to look at
00:23:36
it. I agree.
00:23:38
I mean, it's it's a big one. So while they're waiting and you
00:23:40
know, and they're looking at those sweeping promises from
00:23:42
Trump and those digital assets sector.
00:23:45
And he's he's obviously nominated and put a lot of
00:23:47
people into his administration that are pro crypto.
00:23:50
The crypto communities have been putting big money into the
00:23:53
congressional and Senate campaigns.
00:23:56
They're doubling down. You know, Brad Garlin, House has
00:23:58
put a bunch of money out, as have a bunch of others, Binance,
00:24:01
Coinbase. So they're really trying to get
00:24:04
a wide swathe. And I think that's going to be
00:24:06
an impact. I think the old guard of DC, you
00:24:09
know, the Nancy Pelosi's and some of these older long term,
00:24:15
you know, political, you know, some people call them political
00:24:20
royalty. I call them political scum.
00:24:22
You know, they're out I think because they don't really
00:24:24
understand the crypto market. I don't think they're set for
00:24:26
that market. And I think like we're going to
00:24:28
see it in the vote, in the voting booth here over the next
00:24:31
couple of election cycles for congressional members.
00:24:35
I think we're going to continue. I think the Republicans will
00:24:37
continue to control the House and the Senate because of their
00:24:40
crypto, of their sweeping promises.
00:24:42
So as long as they fulfill those promises, I think we're going to
00:24:44
be set. So look, what's the regulation
00:24:48
going to look like for the future?
00:24:50
I know everybody out there is going well.
00:24:51
What does this mean, Lance? What's the regular?
00:24:53
I don't know. I don't know how strict they're
00:24:55
going to be. I personally believe because of
00:24:57
liberty, you know, media and their financial investment, the
00:25:01
world media, I think it's going to be pretty light.
00:25:04
I think they're going to try to keep the regulation at a
00:25:06
minimum. That's my take.
00:25:08
You know that Trump made some really bold statements to the
00:25:11
Davos crowd basically telling them that their reign of
00:25:14
controlling people is over with. He's going to put an end to it
00:25:17
here in the United States. I believe that's going to
00:25:19
include the Federal Reserve. You know, I think it's, I think
00:25:23
the new administration is going to be all about protecting and
00:25:26
promoting. I think they want to, you know,
00:25:29
make sure that the US is a safe haven for crypto, maybe even a,
00:25:33
you know, a tax free haven for crypto.
00:25:36
Maybe it'll go beyond the scope of US coins.
00:25:39
You know, if you look at the SEC under Gensler, they made a bunch
00:25:43
of really bad decisions. They brought more than 200
00:25:47
cryptocurrency related enforcement actions.
00:25:50
And that's not good for the industry.
00:25:52
They started doing it in 2013, acting as if crypto was a stock
00:25:56
and it's not a stock. So I think that Trump's going to
00:26:00
go to the opposite of that. I don't think he's going to, you
00:26:02
know, let people get away with things that are that are taking
00:26:04
advantage of people. I think rug pulls are definitely
00:26:07
going to have more scrutiny. I think if any of these
00:26:09
celebrity coins or meme coins where they think they're going
00:26:11
to go in and scam people, I think that's going to go away.
00:26:14
And I think those people are going to pay the consequences
00:26:16
for it. They won't get to keep the money
00:26:17
even if they do rug pull. So I think that's going to be an
00:26:20
interesting an interesting thing.
00:26:22
I've heard some stories about it.
00:26:24
So you know, that'll be big. So right now and the banking
00:26:27
industry right now is talking about crypto is just a just
00:26:29
being another form of payment. We've seen some integration on
00:26:32
some platforms like Apple and others, Bank of America.
00:26:36
I'm not a pro of it. But the CEO, you know, Brian
00:26:38
Moynihan echoed he's a willingness to embrace crypto
00:26:41
specifically as a payment option as long as the regulatory
00:26:45
environment shifts under the new administration.
00:26:48
You know, if the rules come in and make it a real thing that
00:26:50
you can actually do business with, you'll find the banking
00:26:53
system will come in hard on the transactional side of it.
00:26:56
That's a direct quote from Moynihan.
00:26:58
So that's a big change. You didn't hear that before.
00:27:02
You know, Moynihan's running the second biggest bank by assets in
00:27:05
the US. So this is just going to be, you
00:27:08
know, and he and he's talking about it's just another form of
00:27:10
payment like Visa, MasterCard, Apple Pay.
00:27:13
So these are, these are big moves here.
00:27:16
And I think when you get a, if you get a positive banking
00:27:20
industry level of support, all that's going to do is grow it.
00:27:23
You guys know that these ETFs out there are just blowing up.
00:27:27
They had a huge impact on Bitcoin.
00:27:29
That's what take you. I think Bitcoin today is 100 and
00:27:31
four 105, which hit an all time high this week.
00:27:35
Also. I think it went to 109 at one
00:27:36
point and changed. It almost broke that level of
00:27:39
resistance at 1:10, but it just couldn't quite get there, you
00:27:42
know. And you know, that was on
00:27:46
Monday, of course, and that was ahead of Trump's inauguration,
00:27:49
which led to a lot of gains in the crypto market.
00:27:52
And let me tell you, the cabinet picks are getting pushed
00:27:54
through. He is getting the people he
00:27:56
wants. Of course, there's some
00:27:57
resistance from the old, the old guard hardliners that don't like
00:28:01
Trump. They're trying to cause as much
00:28:02
problem as possible. Let's let's maybe do this.
00:28:06
You know, I know we've got to take a short break.
00:28:08
But when we come back, what I want to do is I want to really
00:28:11
teach you guys about strategic reserves and what they are.
00:28:14
Let's talk about what is a strategic reserve when the big,
00:28:18
big Global Finance Forum returns and we'll we'll definitely cover
00:28:23
this and we'll try to give you so you have more information so
00:28:26
you understand what the impact that might be.
00:28:28
Stay tuned. The big, big show Global Finance
00:28:30
Forum. We'll be right back.
00:28:32
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and this is the second-half of the hour.
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Let's talk about, you know, the beginning of this year had so
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many uncertainties. Hopefully things are back on
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track now that Trump's back in. But is red hot inflation going
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to continue? The Fed has really printed
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trillions of dollars in just a few short years, and I believe
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it's $8.2 trillion if you want the exact number if taxes are
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going up. Still, the government is busily
00:32:12
falling half its budget in the military industrial complex.
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Yeah, of course. Hopefully, we hope that the
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Department of Government Efficiency is going to fix that.
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that Georgia Lance sent you. All right, let's dig in here.
00:35:07
Listen, a lot of people have been running around trying to
00:35:09
kiss the ring, right? We've seen Zuckerberg, we've
00:35:11
seen many others. Bank of America did not treat a
00:35:15
lot of conservatives very well. You guys know it.
00:35:17
They cut him off. General Michael Flynn, a close
00:35:19
friend of ours, one of those guys that lost a, a 20 or 30
00:35:23
year banking relationship with them where he had a super high
00:35:27
credit score. He had always paid all his bills
00:35:29
on time. He had gotten mortgages and car
00:35:31
loans and done a tremendous amount of business.
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And they just oop, no warning, no anything.
00:35:35
Sorry, you're out of here with no appreciation.
00:35:37
Now, the Bank of America is denying that.
00:35:39
But Trump took a shot at Bank of America.
00:35:42
I hope we're going to see more of this.
00:35:44
I think these, these CE OS and these companies that did the
00:35:47
wrong thing have to pay the consequences.
00:35:50
Now, this is on Thursday. He accused the CE OS of Bank of
00:35:52
America and JP Morgan Chase, which is absolutely fact.
00:35:56
This is not hearsay. This is not a conspiracy theory.
00:35:59
They refused to serve conservatives.
00:36:01
Now both banks are denying those accusations.
00:36:04
And I'm here to tell you not true.
00:36:07
They absolutely. I know people first hand who
00:36:09
lost their accounts there. So Trump and others in his
00:36:12
orbits have repeated this in recent months.
00:36:15
The accusations have roots and allegations from state attorneys
00:36:18
and its state attorney generals. It's a fact and both banks deny
00:36:23
it, but they but there's proof. You know, if you don't believe
00:36:25
me, go look at General Michael Flynn's posting over on X and
00:36:29
he's talking about it on there. The fact that it's true and he
00:36:31
was one of the ones that face the consequences for standing up
00:36:34
for his country, standing up for Donald Trump and trying to do
00:36:36
the right thing. So, you know, I hope that people
00:36:40
recognize as they pull their business, of course, you know,
00:36:43
the both of these companies speaking via video, This is
00:36:46
Trump. He said he was speaking via
00:36:47
video to the assembly at the World Economic Forum in Davos.
00:36:51
He lashed out at Bank of America CEO Brian Moynihan and the JP
00:36:54
Morgan Chase CEO Jamie Demone as part of AQ and a session.
00:36:58
He said, and this is a quote, I got a couple of them here, I
00:37:01
hope you start opening your bank to conservatives because many
00:37:04
conservatives complain that the banks are not allowing them to
00:37:07
do business within the bank. And that included a place called
00:37:10
Bank of America. Next, you and Jamie and
00:37:14
everybody, I hope you're going to open your banks to
00:37:16
conservatives because what you're doing is wrong now.
00:37:20
Moynihan was among a few of the executive select that asked the
00:37:23
president questions during the QA did not immediately respond
00:37:26
to the accusation. Both the banks deny it.
00:37:28
Basically, they said we serve more than 70 million clients, We
00:37:31
welcome conservatives and no political litmus test.
00:37:35
A Bank of America official stated.
00:37:36
Not true. Bank of America, stop lying.
00:37:39
We know the truth. So we'll see what happens here.
00:37:43
You know, maybe, maybe there'll be more consequences, maybe some
00:37:45
sanctions for the bank or maybe some fines.
00:37:47
I'd like to see something because I think, you know, if
00:37:50
you, you know, you reap what you sow in my opinion.
00:37:53
And I think they need some. They need some, maybe some
00:37:56
repercussions for their behavior.
00:37:59
All right, look, Gold George isn't here, but I know he wants
00:38:03
one of those gold prepper bars. I'm going to say to Jonathan
00:38:05
Rose, George is still waiting for his gold prepper bar.
00:38:10
Gold a piece of that prepper bar.
00:38:13
There it is to Jingle from behind the scenes of the Global
00:38:17
Finance Forum. So that lets you know that
00:38:18
charge is the one still pulling the strings behind the scenes
00:38:21
because that's what he does best.
00:38:22
He knows how to how to work it. All right, look, question is, is
00:38:27
gold a final stretch to fresh all time highs?
00:38:32
Of course that's coming ahead of the of the S&P Global PMI
00:38:36
release. So gold 3% gains up for grabs
00:38:41
this week. We saw some gains already
00:38:44
markets on our edge over the upcoming S&P Global PMI release.
00:38:48
Of course, global gold is near an all time high at 2790 and
00:38:53
it's set to close off the week with a firm gain.
00:38:55
It appears we've seen a lot of consolidation and which and I
00:39:00
believe the resistance levels of $3000 are weakening.
00:39:03
There's the chart, you know, gold and silver kind of run
00:39:06
parallel. So what's good for gold is good
00:39:08
for silver. So, you know, the beginning of
00:39:11
the week it traded at 2071. Of course, that was at the time
00:39:14
of this. With this, with this information
00:39:16
I researched and you know, I think with the accumulation, we
00:39:21
saw India buying gold. This week we saw China buying
00:39:23
gold, but Trump had a phone call with China's President Xi
00:39:27
Jinping. I don't know what it was all
00:39:28
about yet, but I'm sure we're going to.
00:39:30
We're going to know soon. Probably tell them enough's
00:39:32
enough. We're going to.
00:39:33
We're going to start slamming you with some tariffs if you
00:39:35
don't stop the fentanyl. I imagine that's part of it.
00:39:39
But look, the economic data the US is going to receive, those
00:39:41
global purchasing management index will know whether or not
00:39:45
purchasing is up. The University of Michigan will
00:39:47
close off the day with its consumer sentiment index for
00:39:50
January. That's another big thing.
00:39:52
So, you know, the Daily Digest, these market movers, you know,
00:39:56
this phone call with the Prime Minister, Xi Jinping, he doesn't
00:40:00
want to impose tariffs in China, but he wants some solutions for
00:40:03
some of the problems. He doesn't think it's
00:40:05
constructive, but he's going to do it if he doesn't get answers
00:40:07
to some of his. He talked about the Federal
00:40:09
Reserve and the US rates. He's affirmed they, he's going
00:40:13
to demand an immediate drop in US rates to lower borrowing
00:40:16
costs. I've also heard rumblings.
00:40:19
OK, I heard, heard Little bird. Little birdie told me that he is
00:40:24
going to put some maximum limits on bank credit card interest
00:40:28
rates. Now I'm going to tell you the
00:40:30
number. I heard there is no executive
00:40:32
order yet. Let me emphasize, I don't want
00:40:33
you guys getting all excited. Somebody out there has a hard
00:40:36
tech. Oh my God, it's going to be
00:40:37
amazing. Listen, we're talking about 10%
00:40:39
Max on credit card rates, 10% Max.
00:40:45
That would be retroactive. Imagine the impact that would
00:40:48
have on credit card payments. I mean, listen, 10% interest is
00:40:51
plenty. Even 15% is plenty.
00:40:53
They're charging 29.99 plus penalties and this and that, and
00:40:58
they're trying to push it past 30% interest you guys have seen
00:41:00
in your credit cards. That's why there's such a high
00:41:02
level default. People can't keep up with it.
00:41:04
I don't think these credit card companies need 30% interest.
00:41:07
What they need is Doja to make them more efficient.
00:41:10
So he's going to order that immediate drop on interest
00:41:14
rates, but which that interest rate decision could be published
00:41:18
next week with the pressure he's putting on them.
00:41:20
US yields are are off, you know, their weekly lows. the US 10
00:41:24
year benchmark rate currently trading at 4, recovering
00:41:28
from its poor performance early this week at 4.
00:41:32
It's still a long way to go before it reaches the more than
00:41:34
one year high. You know, that was 4.88, which
00:41:37
was last week. But, you know, the technical
00:41:40
analysis on gold looks good thanks to, of course, Donald
00:41:43
Trump's statement from his phone call with the president, Ping Xi
00:41:46
Jinping. You know, he doesn't want to
00:41:49
impose those tariffs. Looks like Trump is going to
00:41:51
backtrack on earlier comments made during the campaign.
00:41:53
But that's only if he gets what he wants from China, which he he
00:41:56
wants no more precursors. But is that going to solve
00:41:59
worrying about the fentanyl crisis?
00:42:01
I don't know a lot of talk about how they're producing the
00:42:03
precursors now in Mexico. But of course, he's also put the
00:42:09
Mexican cartels on the international terrorist list and
00:42:11
on the domestic terrorist list, which allows him to take
00:42:14
military action. And I don't think the terror, I
00:42:16
don't think those cartel members are ready for Tier 1 operators.
00:42:20
I don't think they've dealt with Tier 1 operators before.
00:42:23
But if we start using special forces, they're in for a whole
00:42:25
new ball game now. So look, you know, we've seen
00:42:29
resistance. It's back to it's back on its
00:42:32
way. I think that 2077 ninety is
00:42:34
going to be, you know, gone past a lot of and and analysts and a
00:42:38
lot of strategies of pencil and calls for 3000.
00:42:41
But twenty 2800 is looking really good right now.
00:42:44
I got to tell you, I think it's I think it's going to happen.
00:42:45
I think we can count on it. And here's the prediction for
00:42:49
2025. This is from multiple analysts.
00:42:52
This isn't just one analyst. They think gold is going to hit
00:42:55
3175 S. Is it a good time to jump in for
00:42:59
your IRAI don't know. You got to talk to your
00:43:01
financial advisors, but I think diversification as you get older
00:43:05
in precious metals, it's a good way to to diversify and control
00:43:10
risk. So I think everybody should own
00:43:12
some precious metals. I do, George does.
00:43:14
I think it's important. So we'll have to see where this
00:43:18
goes. There's no, there's no definite,
00:43:20
but 3175 during 2025 is the prediction by lots of analysts.
00:43:26
So all right, look, let's switch it up.
00:43:28
Let's talk about silver. You know, I'm, I'm a big fan of
00:43:31
silver. I may be a bigger fan of silver
00:43:32
than gold, not because I don't believe in both of them, but but
00:43:35
I, but I think the potential upfront side for silver is even
00:43:37
close. Now, you know the forecast right
00:43:41
now, the bulls are eyeing $3030.98 an ounce as a breakout
00:43:46
because there's a lot of momentum building.
00:43:48
Silver trades is trading above $3.40.
00:43:51
It's surpassed all those key moving averages and it's
00:43:53
targeting that, that higher level.
00:43:56
You can bring us back to the main screen, George, Key
00:43:58
Technical Support levels. We've already seen those, the
00:44:00
200 day moving average, $30.53. That's why it's a pivotal
00:44:05
breakout zone that's really been there.
00:44:07
The dollar weakness and, and obviously the Fed, Fed
00:44:10
expectations, Dr. Silver's bullish outlook increasing and
00:44:13
the increasing global buying interest for technical military
00:44:17
applications. And you know, gold and silver,
00:44:20
they're like, they're like peanut butter and Jelly.
00:44:22
They just, you know, when gold's going well, silver's going well.
00:44:25
One of these times, silver's going to break out past that, I
00:44:29
believe at least that's an opinion I have.
00:44:31
So this bullish trend, I think it's going to continue to show.
00:44:35
And I, you know, like I said, gold's always rallies, always a
00:44:38
bellwether for silver prices. So the next critical resistance
00:44:42
level, here's the important one, is it is going to be at the high
00:44:45
of $30.98. I looked at the charts that's
00:44:48
we're going to start to getting past that into the 31 range.
00:44:52
But I got to tell you, if it hits, if it gets past that
00:44:55
$30.98, I could see anywhere from $31.81 to maybe 32, 333242
00:45:05
easily because we just have to get past that resistance level.
00:45:07
But the accumulation, we're getting a lot of consolidation.
00:45:10
So I think that's really doable. Let's take a look at that chart
00:45:13
for silver just to show what we've been looking at and where
00:45:16
we're getting those resistance levels from.
00:45:18
You can see the Candlestick patterns that are forming here
00:45:20
on this high level on the end of the chart.
00:45:22
So I think it really holds, holds well for where we're
00:45:26
heading. And you can see the upward
00:45:27
trend. That's what we always like to
00:45:29
see with assets. You want to see it in crypto,
00:45:30
you want to see it in the stock market.
00:45:32
You're always going to see, you know, hills and valleys, but
00:45:33
what you want to see is a general non-stop upward trend.
00:45:37
Samsung technology, we've talked about it, EV batteries that's
00:45:41
coming online. They're going into production
00:45:43
very soon, which could be a huge demand for silver because you're
00:45:46
going to require 1K of silver per EV vehicle to use those
00:45:51
Samsung batteries. Those are big numbers, you know,
00:45:54
so we'll see how this goes. I, I guess this, how does the
00:45:57
dollar weakness impact silver? Let me give you this U.S. dollar
00:46:01
slide. It's going to, of course, create
00:46:02
tailwinds for silver. It's going to push it up.
00:46:04
Weaker dollar always makes silver more affordable for
00:46:06
international buyers. So that's driving additional
00:46:09
demand because those accumulations, especially by
00:46:11
governments. So the pressure on that
00:46:13
greenback stems from, of course, that dovish Federal Reserve
00:46:17
expectations and soft comments on tariffs from President Trump.
00:46:20
But the dollar weakness, when you combine that with the
00:46:22
declining Treasury yields, it's likely to sustain that momentum
00:46:26
for silver, at least in the short term.
00:46:27
I don't know what's going to happen long term.
00:46:29
Maybe the Federal Reserve is going to start getting
00:46:31
aggressive under Trump. Maybe the threat of not having a
00:46:33
Federal Reserve, meaning a Federal Reserve Bank.
00:46:36
Maybe they'll step up and try to figure out what they can do to
00:46:38
fix that relationship. Right now, I don't think it
00:46:41
bodes well for them. So we talked about a few minutes
00:46:45
ago, let's switch it up here. So there's your bullion report.
00:46:49
We talked about MasterCard and Visa payment solutions, but I
00:46:54
got to tell you, there's a product out there that I'm not a
00:46:56
big fan of. And funny, I'm not trying to be
00:46:59
funny when I say that only fans, I don't think what they're doing
00:47:03
is good. But how this relates to the
00:47:04
financial part of our show here is that a whistle blower has
00:47:08
come out. Now, this is pretty ugly for
00:47:11
Visa and MasterCard, and this really could have some impact
00:47:14
under this administration. Biden probably wouldn't have
00:47:16
cared. I think Trump will care.
00:47:18
So this whistleblower just came out and said that MasterCard and
00:47:20
Visa have failed to stop payments for child sex abuse
00:47:25
content on Only Fans. Number one, what is child sex
00:47:29
abuse content doing on Only Fans and #2 what the hell are Visa
00:47:33
and MasterCard thinking there? So they failed to stop these
00:47:36
payment networks from laundering proceeds from child sexual abuse
00:47:40
material and sex trafficking on the Only Fans website.
00:47:44
This is what the Whistler was saying, you know, and this is a
00:47:46
senior compliance expert in the credit card and banking
00:47:49
industries said that the two you know, these are giant card
00:47:51
companies. These are the biggest ones,
00:47:53
right? The bigger than American
00:47:54
Express, bigger than all of them.
00:47:56
They knew their networks were being used to pay for illegal
00:47:58
content on that on that porn site at least since 2021.
00:48:03
And they turned a blind eye to these illicit revenues.
00:48:08
I don't know what this what this is going to mean, what the
00:48:10
investigation, but the of course, this complaint was filed
00:48:13
in January 2023, which just come in to be public knowledge and
00:48:17
that was with the Treasury's Financial Crimes Enforcement
00:48:19
Network and the US Justice and Homeland Security Department.
00:48:22
The whistleblower said the complaints that the
00:48:24
whistleblower and other anti trafficking experts, including
00:48:27
the US federal agents alerted Visa and MasterCard to the
00:48:29
unlawful content in a series of calls in 20 and 21 and and the
00:48:35
and the federal agents proved and cooperated the presence of
00:48:37
that child sex abuse material on only fans.
00:48:41
But yet nothing happened. They didn't stop.
00:48:45
Now you tell me why Visa and MasterCard think they're above
00:48:48
the law. I hope there's consequences for
00:48:50
this because we don't support that at all here on the big Ming
00:48:52
show. I think this is this is a big
00:48:55
story we're going to have to keep an eye on.
00:48:56
But that whistle blower saying the agencies never didn't really
00:49:00
get into as much detail as they should have and they should have
00:49:03
told them flat out, if you don't stop, we're going to turn on
00:49:06
we're going to turn the switch off now.
00:49:08
That's what Visa and MasterCard should have done, but they
00:49:12
didn't. They ignored it.
00:49:14
Now when I think when illegal activity is identified and you
00:49:17
don't report it and you don't stop it, you become a Co
00:49:21
conspirator. So the question would be legally
00:49:23
are Visa and MasterCard now Co conspirators child trafficking
00:49:28
and you know, child, you know, abuse content on only fans, have
00:49:33
they become part of it? And in fact, this only fans a Co
00:49:35
conspirator because they're allowing this kind of content to
00:49:38
continue to exist on their platform.
00:49:41
I think these are important questions.
00:49:43
You can't ignore this kind of stuff.
00:49:45
And you have to think to yourself, why are they doing it?
00:49:49
Sure, they're doing it to make money, but they have to know
00:49:51
that allowing that sort of content could could mean that
00:49:55
only vans could get shut down. Me personally, I would shut down
00:49:58
only vans. I don't think it represents a
00:50:00
product that should match the morality of a country that
00:50:06
believes that God, country, family are the top priorities.
00:50:10
So we'll wait and see what happened because these aren't
00:50:12
just in comfortable images. These are, this is serious stuff
00:50:14
here. So it's a big story.
00:50:17
I can't guarantee you that there aren't going to be results.
00:50:20
But let's face it, this is what Visa, MasterCard.
00:50:23
Both MasterCard and Visa, they've tightened their rules
00:50:25
around porn sites in recent years.
00:50:27
In October 2021, MasterCard introduced stricter rules aimed
00:50:32
at preventing illegal adult content on their network.
00:50:36
They were prompted by the ease with which people could now
00:50:38
upload content to the Internet, and of course this is their
00:50:41
statement. But under those rules, merchants
00:50:44
of adult content on this case only fans were required to
00:50:46
verify the identity and age of people featured and obtain
00:50:49
written consent from everyone depicted.
00:50:51
The rules also require that porn sites to produce month monthly
00:50:55
reports that flag potentially illegal content and send those
00:50:58
to banks that process MasterCard payments.
00:51:02
Now that interview in August that was with the with the
00:51:05
Financial Times. Onlyfans founder and then CEO
00:51:07
Tim Stokely said his platform was already fully compliant with
00:51:10
MasterCard requirements. Appears that's not true.
00:51:14
In 23 Visa also introduced stricter rules for it's high
00:51:18
integrity risk merchants. This included adult related
00:51:21
businesses. But but did they really?
00:51:25
How could they be notified by our own government and not seem
00:51:29
to take action? And I think that's the tricky
00:51:31
part about this. You know, again, I think that
00:51:35
that site has really promoted, you know, a level of depravity
00:51:39
here in the United States that I don't know if anybody's
00:51:42
comfortable with. I don't know if anybody really
00:51:43
wants that to exist. Sure, the only fans content
00:51:46
providers do They're, you know, they're making millions and
00:51:48
millions and millions of dollars.
00:51:49
But is it good for the country? Is it good for the birth rates
00:51:53
that people are spending so much time looking at porn rather than
00:51:56
dating and going out and, and, you know, getting into personal
00:51:59
relationships with people? I think that's a tricky
00:52:02
question. I don't know if I even have the
00:52:04
answers, but it's, it's, it's an interesting deal.
00:52:09
Now, I've got to tell you, there's a lot of news in this
00:52:11
cycle here. And what I'm interested about is
00:52:15
what, what do you think's next? You know, a lot of times we
00:52:18
don't get the feedback. I'd like to have more feedback
00:52:19
from the audience in our DMS or in our chat because I think
00:52:25
there's important questions, you know, and I don't always get a
00:52:27
chance to look at chat because when I'm doing the show, it's
00:52:29
always, it's always a little tricky, right?
00:52:31
But we'd love to know what kind of fit product you'd like to see
00:52:34
on the show. You know, what, what are the
00:52:35
other big stories or what kind of stuff that you guys want more
00:52:39
educationally? Do we want to craft the show in
00:52:40
a way that's valuable to you? So right now, I just want to
00:52:45
point out the S&P is inching higher to new record high heads
00:52:50
heading for the second big league game, big weekly gain,
00:52:53
all because of the new Trump administration.
00:52:56
I, I don't know what that's going to mean for, for where
00:52:58
we're heading here, but I think it's important.
00:53:02
And I think right now, even in another piece of international
00:53:05
news, I don't know if you guys know this, Putin is getting
00:53:07
ready. He wants to meet with Trump as
00:53:10
soon as possible to discuss Ukraine, you know, and what the
00:53:15
how to stop that war and also energy prices.
00:53:18
So he's got concerns about it. And I think it's important when
00:53:21
when, you know, Putin and Trump have always maintained a a
00:53:25
respectful and professional relationship.
00:53:28
So I think this is going to be an important meeting.
00:53:30
When is it going to happen? I guess they're pushing for next
00:53:32
week, which could mean the Ukraine war could be over very
00:53:36
quickly. Now we know that, you know,
00:53:37
Trump is not a fan of Zelensky, the installed puppet, but we'll
00:53:41
have to see. Here's another important
00:53:43
milestone. Some people are saying that that
00:53:45
Bitcoin is not going to stop. You know, a lot of people think
00:53:50
it has the possibility of to reach $1 of Bitcoin by
00:53:53
the end of the year. Is that true?
00:53:55
I don't know. We'll have to see what happens.
00:53:58
We'll have to decide whether or not the markets can make sense
00:54:02
of $1 Bitcoin. I'd love to hear everybody's
00:54:05
input on that one. e-mail us. You can always e-mail us or DM
00:54:08
us on the show. It's always important.
00:54:10
So, but you know, there's a lot of stories coming up.
00:54:13
Tesla, you know, they just came out with their new Model Y in
00:54:16
the US. It's about 60 grand.
00:54:18
I understand. It's pretty amazing.
00:54:19
Again, I'm not buying into the EV thing myself.
00:54:22
Not a big fan of it. I'm also concerned about what
00:54:24
they're saying about EV batteries causing colon,
00:54:27
prostate and anal cancer. There's been a higher incident
00:54:31
rate for people that own EVs. Is it the batteries you're
00:54:33
sitting on top of? I don't know, maybe pretty
00:54:37
interesting, but I think one of the big, big topics right now
00:54:40
that's going to affect a lot of companies in a positive way.
00:54:42
It sounds like DEI is finally going to get stopped dead in its
00:54:45
tracks. We know it's getting stopped
00:54:48
dead in attractive levels in our government, but a lot of the CE
00:54:52
OS are talking about DEI not moving forward and they're
00:54:55
talking about it at Davos. They're saying that they're
00:54:57
going to just, they're going to drop it now.
00:54:59
Are the banks going to continue to try to hold them hostage?
00:55:02
Because that's what happened, The financial institution said
00:55:04
you have to have this much DEI initiative within your company
00:55:08
for us to continue to lend to you.
00:55:10
Are they going to pull back also?
00:55:13
So I think it's I think it's I think it's pretty good.
00:55:15
I think it's big news. That SEC story about the SEC
00:55:18
revoking that unpopular banking rule.
00:55:20
That's big news. So any of this stuff take our
00:55:22
short form or our long form content.
00:55:24
You can take any of it and you can definitely use it on your
00:55:27
own social media or otherwise, because we want you to educate
00:55:30
everybody because of course educate the country means to
00:55:32
unify the country. So important stories like this
00:55:35
you want to stay on top of. And I want to say this, if you
00:55:38
want to learn about crypto, buy some books, head over to
00:55:42
YouTube, read those books cover to cover, get involved Tons and
00:55:46
tons of crypto communities on X tons and tons of crypto
00:55:49
communities over on Telegram. You can find a lot of that stuff
00:55:53
on there. And I think it's a great way to
00:55:54
do that. It's a great way for you to, you
00:55:57
know, lift your game because I know you listen, anybody can be
00:56:00
stubborn. I'm not going to do that.
00:56:02
I don't want to hear about that. I don't want to talk politics.
00:56:04
I don't want to talk crypto. You know, you can bury your head
00:56:06
in the sand and miss incredible opportunities or you can educate
00:56:11
yourself because education is the number one strength for
00:56:13
people. That's how you become, you know,
00:56:16
so relevant. And I think it's now, listen, I
00:56:21
don't know what's going to happen with the fires.
00:56:22
You know, Trump is talking about visiting all the locations.
00:56:25
I think. I don't know if he was in North
00:56:27
Carolina today or California. I know he's planning on going to
00:56:29
both. And he's talking about ending
00:56:32
FEMA and I don't know what that's about.
00:56:35
There's a discussion about ending FEMA and maybe having a
00:56:38
different institution because he's this visit to California.
00:56:43
He's got a theory on what FEMA has and hasn't been doing.
00:56:46
So maybe Doge is going to remove FEMA.
00:56:49
I don't know what the impact will be for people in disaster
00:56:51
areas. Maybe they'll have another
00:56:52
solution, but maybe a more expeditious solution.
00:56:57
Because we know, you know, Newsome's out there talking
00:56:59
about people in California having all their property paid
00:57:01
for. But in fact, we haven't helped
00:57:04
the people in Maui. We haven't helped the people in
00:57:05
North Carolina. We haven't helped the people in
00:57:07
Ohio or in Florida with anything more than a $750 loan.
00:57:13
Doesn't seem fair to help the help the millionaires in
00:57:16
California, but we're not going to help the rest of the people
00:57:18
here in the United States. So maybe that's part of what
00:57:21
he's talking about. All right, listen, the Global
00:57:23
Finance Forum is just about out of time.
00:57:26
So I just want to say a couple of things.
00:57:27
The Crypto Power hour, if you want to find out more about
00:57:30
that, head over and follow G Ballantine on X.
00:57:34
Follow the big big show on X Follow Lance Miliacho on X.
00:57:38
You'll hear more about and don't forget our partner Solem dot
00:57:41
global, but it's Solem Global on X.
00:57:43
It's a verified organization. We're part of that verified
00:57:46
organization. You definitely want to check
00:57:47
them out. And of course, take the short
00:57:50
form. Take the long form.
00:57:51
Tell your friends about our show.
00:57:52
We're going to be growing crypto power out or right around the
00:57:54
corner. Of course, the regular big big
00:57:56
show on tonight should be exciting.
00:57:58
You're going to want to check it out.
00:57:59
We'll be doing a lot of stuff, a lot of news roundup and I'll be
00:58:03
joined by George Ballantine tonight.
00:58:05
So we're out of here for today. From bullion to borders, we
00:58:08
appreciate you tuning in. God, country, family, and crypto
00:58:11
we trust and crypto we trust. As an American who keeps up with
00:58:20
the real news, you know by now the severity of the economic
00:58:24
issues that are plaguing our great nation.
00:58:27
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