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Welcome back to the show check out these Headlines we have for you things are Heating up ladies and gentlemen uh cftc Says tether is not a stable coin we're Going to get into that and the xrp the Road to Global Reserve currency status Come on in and an xrp chart that says The stage is set somebody roll that Beautiful [Music] [Applause] Intro Digital perspectives with Brad KES come On [Applause] In welcome back to the show you can Follow us on Twitter and YouTube for Exclusive content which you know because You're on YouTube watching this right Now so dig perspective.com as well give Us a follow there and join the freedom Zone and the dpmg by the way $2.65 Trillion market cap for crypto the Market is off by 1.1% in the last 24 66,9 plus for Bitcoin ask me if I'm Concerned I'm not but I tell you this I'm happy as long as I don't hear them Say anything about the energy use at This point of Bitcoin and about the Other issues that we have highlighted Multiple times on this channel I've got My exposure set and I'm ready to watch This Market do what it needs to ethereum 3500 plus right now tether market cap is
103 billion plus we are going to get Into a very serious clip about that Today and xrp is 60 cents right now off By 2.3 and the 24 and off by 2.7 on the 7 Day range of price very quickly is Between 60 and 63 cents we're at 61 Cents almost flat we'll keep an eye on It listen this I do want to tell you About right here and a couple things Here xrp Las Vegas is proud to know and That we are going to have Joe IND Doo on Stage from link 2 talking about private Equity What's going on is 2024 going to be an IPO season well I want to hear about it And there's so much more to learn as Well and I can't wait to celebrate Joe On stage and everything link to is Accomplished over the last several years But I also want to say circle is Available on the platform right now and Also pay attention there are a I mean a Long list of uh events happening around Satellite events that are taking place Around xrp Las Vegas and link to is Doing a couple functions and if you're a Member already you want to make sure That you look in your email and check Those invites out because I'm going to Be attending those as well so I'd love To meet you at that event to those Events as well make sure you get those Things and if you haven't registered or Signed up you wouldn't believe how easy
It is and let me just say this because I Know there's a lot of people out here as I thought for a long time myself that It's much harder to qualify it probably Takes a long time to do it doesn't it Doesn't and if you think that's crazy Let me tell you something not only does It not take a long time to register sign Up and get started but funding your Account has become so lightning fast you Will not believe it ask Mrs backup Because she always tells me stop buying Stuff and I don't and I can fund the Account very quickly and purchase before She is ever aware of It speaking of which I want to give a Very special shout out to the woman in My life uh Mrs backa it is our Anniversary today so I hope all of you Guys throw a comment underneath for Mrs Backup and tell her happy anniversary as I am right now uh this is just an Amazing life that I have and it's in no Small part because of this amazing woman That is beside me the entire time and I Could not do anything that I've done Today in measure of accomplishment and Gains in my life if I did not have her By my side and I mean every word of that I love you I hope you're having a great Day at work and one of these days will Bring you home so you don't have to go To that place no more let's get into This this is first of all I like always
To start from let's start from a nice Place I love this this is Paulo Ordonio uh here and he's with Tony from Thinking crypto Tony shout out to you Man for knocking this out of the park Right here this is three minutes and 23 Seconds of Polo orduno uh and I hope I'm Saying his name right um basically Admitting that we did tether wrong in The beginning and we've gotten off to a Bad start here uh take a listen of this Clip a kind of Maya a Maya Copa right I Know he has an accent so that's why I'm Stopping I won't stop it anymore but Before I go on I have to tell you this And I apologize for stopping it it's This part that gets you tether the World's largest stable coin with a Market cap of more than 100 Billion according to the classification And definition submitted by the Cftc would not Qualify and be classified as a stable Coin under the cftc proposed Taxonomy look at what it says one of the Notable aspects of the categorization Was one relating to stable coins it has A strict definition particularly for Backing assets and it says reserves must Only only include cash and high quality Liquid assets if these reserves uh Include higher risk assets then it will Be classified as a other crypto asset it Says right here tether world's largest
Stable coin with a market cap Capitalization of more than 100 billion Would not be classified as a stable coin Under the proposed cftc taxonomy now let Me play this um means That tedar should have been more open in In the past years well after before 2022 we we we were fairly naive we had You know we we thought that keeping our Hat down having a great product doing Good work would be enough for people to Finally understand that we are good guys But it's also true and you know before 2022 we didn't even have a marketing Team now we have great marketing team we Have you know great communication team We we improved ourselves because we Understood that we were really really Naive so Um the reality though Is that you know in Imagine a room full Of people in 2020 you know all the Greatest people of the crypto Industry you know all chatting among Themselves and looking at us right in That room there were there were there Was also us T and in that room they were All chatting and whispering and looking At us like the looking at the black Sheep of the crypto Industry they were whispering to each Other saying oh tar is going down of Course you know they don't have the Money they are look at those you know
Weird Italian Guys right for sure they Are you know um Shady then a few years later 2023 2024 In that room you hear silence because Not because there you know because People are May necessarily think better Of us I think many are actually but in That room there is almost no one Remaining because all the might Heroes Of the crypto industry were the actual People that were the thing were doing The things that they accus us uh accused Us of let's remember the celsus the Blockfi the FDX um this money so what happens that Back then in May is that was that um Teder was able to pay s billion doll in 48 hours so two days that was 10% of our Reserves and more than $ 20 billion in 20 days that was 25% of our reserves so Tedar since two three years have enjoyed The interest rates the higher interest Rates on um on the US T deals right now Teter holds well at the last attestation 31st of December 2023 Teter held 80.3 Billion in US T bills that puts tar I Think just behind Germany if you think About China in the last three years sold Three years ago they had like three two Trillion dollars in USD bills now they Have around 800 um billion means that tther holds Around 10% of what China holds in in Terms of um US debt so we are actually
Grew up we are in a situation where Every single person imagine a person in Argentina that is buying USD we take the The and we invest and we purchase a Piece of the US debt so and that that That's the sales pitch right is hey you Know us needs people to buy bonds and We're doing it more than Germany and More Than This One and listen I don't Think Paulo's a bad guy per se I haven't Gotten that impression the only question I've ever had Paulo and this is directly To you and it is the question of what Does the US Treasury and the Federal Reserve think of tether because we know That you've had to partner with the Secret Service which is designed and Originally created to chase down Counterfitters and also FBI so this Makes me wonder again I don't think it Necessarily goes away but I definitely See what's happening here what I this is What I take away from this understanding The Secret Service FBI partnership with Tether now understanding that up until 2022 they didn't really realize how much They were looked at as a bad actor Because they're sitting outside of Regulation and it should have dawned on You quite honestly that you're selling The only product that the Federal Reserve has ever had which is dollars And bonds right that's bonds for the Dollars so you know at the end of the
Day you had to know that this was a Little bit of an impact because you're Going outside of the loop to sell Digital dollars on the internet so where This ends I don't know but looking at The cftc and the way this this is They're either going to force the Pressure through regulation that this is Not a stable coin and you will be owning Dark money like the dark web if you Continue to own this at some point or They're going to take this over and to Call it something else or they'll Bleed It Out by saying it's outside of Regulation and the money will pour out Of here right but then that would allow It to live and that doesn't seem like Something the US government would be Happy doing however I you know maybe Maybe just maybe they just force it to Come underneath a regulation with the Right assets all the way around to back It we'll have to see but cftc putting That definition and clarifying that it Would not fall under the designation of A stable coin means that your ass is Hanging out and you need to do something To make sure that you button that up so It is not hanging out anymore and I just Don't know how the how hard the us is Going to go on this idea of whether they Bring them under credential regulation Or whether they unwind them and watch The mass Exodus I just don't know you
Know will they become a poster child for Example of what not to do without Permission or I you know it's hard to Say but it is something to watch because I do believe that if if if we witness a Big event in this it could be a huge Catalyst in this space for a a probably A huge downside and then a big upside Because that means regulation would be Behind it we could find out before this Month is over right I mean there could Be legislation passed don't rule that Out there could be leg legislation Passed before this month is out we don't Know but we'll see all right here we go Subjective views shares this here this Is the IMF views Ripple and their Products they would be enable they would Enable seamless transfer of money to Membership or member countries in times Of emergency just listen to this right Here just since the pandemic we have Provided some $1 trillion dollar of uh Liquidity and financing to Our member Countries we introduce programs for Emergency financing and direct debt Relief to our members and our micro Economic work now includes a focus on Climate on gender on digital money on Artificial intelligence we are the only Institution in the world that is Empowered to Take the Pulse to do health checks of The economies of our members all of them
Rich and poor powerful and not so Much and then what we do is we translate This into policy advice to our members We also recognize that we need to put in Place better measurement of wealth that Goes beyond the traditional GDP and Values not only produce Capital but also Nature people and the fabric of society And I hope KES would approve of a global Balance sheet that includes an expanded Set of assets and recognizes the Valuable Services provided by the Environment the value of knowledge and Inity that is embedded in us and the Value of good Governance a global balance sheet That has expanded Assets uhhuh stable coins cbdcs crypto Assets digital [Music] Assets at the same time the cftc's Coming up with definitions for stable Coins for which tether does not Fit smoke dogs here says uh redefining Redefine existing correspondent banking Relationships using cryptocurrencies as A as Bridge such as xrp here this is Just an example from the worldbank.org Obviously right where they highlight Here Ripple's own cryptocurrency xrp for Foreign exchange transactions as you can See you know this is the conversation And where it's going and this is why I Originally got in this
Space this has always been about the US Dollar and the the shock that it will Endure knowing all the money printing That has been done and still continues To Happen and knowing that there's so many Other nations over 100 Nations that Intend to at some point simultaneously Dollarize and drop the dollar in hopes To harm the dollar and anyone that is Remaining holding it right it's a very Real plan we've covered it here multiple Times which is why I have always Believed myself this is my opinion I Have always personally believed that Ripple and xrp were just as much Commissioned as they were a Startup because how else do you get the Central banks of the worlds to open up And start having meetings with you Because they're not meeting with Me they're not meeting with you and I But they meet with Them someone had to open those doors Maybe it was Greg kid because he came From the Federal Reserve I don't know The answer but what I do know is is that That's always been my suspicion that the United States knows where we are with The lifespan of the US dollar as a Global Reserve currency and they know That something must be done to ensure And protect its dominance and you can do That with a bridge currency and it would
Allow the dollar to remain dominant if The design of the digital dollar is done Right and protects the privacies of the People holding and using it You know adding the complement of a Bridge currency can isolate those Spillover shocks in a transition period That allows people to really continue to Develop this technology around their Dollars in their countries as well as The United States and supporting this New system by introducing a new money And that's the other part of this a lot Of people feel like why do we need xrp If we could just digitize the dollars of The world because you haven't eliminated The friction of the paper world all You've done is digitize it but if you Bring a new money and I mean a very real New money that's not conflated because You swung a gavel and said it it's cost This much now or it's worth this much Now it is because you bring a value Protocol that can move value tokenized In damn near instantly and that bringing Of liquidity and utility com B to that Network will inform a value of the Bridge asset that sits on it when you Use it as applicable so and you don't And are not required to use it if you Don't need to and what is the best way To introduce a new money than that is to Complement the system and not challenge It let's listen to this because this is
A narrative in the early days at Ripple And I believe that they it's my personal Opinion that they decided to tone down This kind of language that we have as YouTubers and onlookers of this and Observers of what's been taking place Because this kind of talk scares Regulators right but at the end of the Day this is where we're going and it Will help the dollar and the rest of the Countries of the world to have a new Bridge currency like xrp in the System this is a question regarding Xrapid so it seems according to your Understand uh your explanation xrapid Would use xrps as a part of the Transaction do you think that the Existing issued 100 billion xrps will be Enough uh to cover once the X Rapids Service scales to a global full scale or Would there be a Shortage well so the when xrp was Created this actually was created before Ripple existed the creators of xrp Decided there' be 100 billion units Because they saw it as a you rather than Having a smaller number with a very high Price they saw it as something they Wanted to be A effectively a global Reserve Currency I think the opportunity well There never will be more than 100 Billion xrp all the xrp that have ever Been created have been
Created and there you have it and that's From Brad Garling house in the early Days and I don't think I mean you know I'm again I'm speculating but I don't Think the missions changed I think the Verbage has had to change so you stop Scaring Regulators thinking because all The way Regulators are looking at it Most of them don't understand stand the Space in great detail right so they're Thinking Bitcoin and then they hear People talk like this and then they Think oh my God they're trying to take Over the world and everybody's dollars It's like that's not obviously the case Here with ripple so uh I'm still just as Bullish as ever and actually even more So now let's look this is a great Timeline very quickly here Brazil look At this May 20th Ripple in Brazil Central banks hold closed meetings Discuss institutional matters 2021 Brazil central banks announced cdb cbdc Plan 21 of June Burkshire haway invest 500 million in Brazil's paos powered by New bank a ripple partner and then August 22 Ripple partners with travelx To utilize Ripple Nets odl it goes on And on and on and on and on and the same Connections in India the same Connections in China we know there's Connections in Russia we covered last Week South Africa we know that there's Huge connections there right on a freak
If you remember that there it is right There African crossb payment system Egypt connections Ethiopia on a freak Again UAE we got connections there you Know this you know first of all shout Out to Ashley Prosper this was a lot of Work here and I want you to go and read It and maybe we'll even cover it in Great detail in the next video but for Sake of time let's keep moving the Expansion of connecting these areas and Regions and it's important to see that These three are in the bricks Coalition And they all have ties to Ripple and Isn't that funny Ripple just happens to Have access to The xrp Ledger and xrp Which happens to be a bridge Currency pretty fitting right and as a Reminder here we covered in the first Video this morning that go go.com is Selling bonds it is a bank built on US Treasury bonds to unlock yields safely And uh safety or safely and SCA and to Scale and Shout Out To Dai for this clip And goco is amazing and about this us Treasury bills connecting between What's Happening Here how amazing is this Because this is what Arthur brdo one of The co-founders and creators of The xrp Ledger had to say in 2013 about bonds he Says in response Shout Out To Dai from This brdo in 2013 Wiki has the old stuff Current stuff future stuff and mistakes I believe Ripple will eventually support
Bonds and bond markets an't that funny CU that's what go offers to do and Monica long sitting on stage with Them when I look at all that fundamental News and then I see a chart like this I'm not worried about Anything I just keep following that Fundamental news and pretty soon that Chart will look a lot like all that Fundamental news and I'm sure it'll also Be pretty timely with stable coin Legislation and the introduction of Cbdcs to help move all this value on a Brand new network which will will also Change the value of xrp on that Network We're going into the freedom Zone ladies And gentlemen I hope you'll join us this One's going to be real good today oh You're going you you going to want to See this right because this is what You're up against ladies and gentlemen We're going to take you into a clip that Shows you exactly how the banks and the Bankers see all of us oh boy oh boy join Us in the freedom Zone dig perspectives. Comom click the freedom zone for next to Nothing and come on In oh
