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Welcome back to the show check out these Headlines we have for you fed calling For a rebalance does that mean great Reset you tell me stable coin Bill just Got even closer to passing this year You're going to love what we have big Banks change gears and move towards Crypto adoption ilp's in the news the Bis don't believe it it's still true Regulated liability networks and look at All those Ripple Partners would you Somebody roll that beautiful intro so we Can see them [Music] [Applause] All digital perspectives with Brad KES Come on [Applause] In welcome back to the show you can Follow us on Twitter Youtube and dig Prospectives decom for exclusive content Right now $2.39 trillion market cap for Cryptocurrency the market is off 5 a Half% in the last 24 62,3 plus for Bitcoin off by 12% on the 7 Day half as much in the 24hour 30 uh 3,000 Plus in change for ethereum we see They're off by 5.3 in the 24 and off by 16% on the 7 Day tether market cap 107 Billion plus right now and we see that Uh coming down to the number eight spot Xrp is at 48 now we're off by 5.5 on the 24hour But we're off by
23% Plus on the 7 day my gracious that Is a lot and looking right here range of Between 48 and 51 cents I know what a Dip looks like and I bought the hell out Of it over the weekend and uh this keeps Up and I might be buying another little Batch just because that's my discipline That I've built right one thing I do Know for sure is that this Market dip Right now is because of geopolitical Events is not because people are running Away from DT and blockchain and digital Assets as a solution that is not what's Happening there was a geopolitical Conflict an event that happened and that Affected all the markets including the Digital asset crypto market and I Understand that so I've taken advantage Of it and I have bought the dip and you Know that this dip continues I'll be Coming back in to buy some more it's not Financial advice I'm just sharing my Digital perspectives now if I believed For a moment that any of this dip was Because financial institutions were Running away from this technology as a Solution then I would feel differently But that's not what I'm seeing so I'm Looking at this as an opportunity to Continue to build my portfolio and fill My bags one thing I do want to tell you Is is in 16 days xrp Las Vegas is going To happen at the MGM Grand get your room Click this link right now and book your
Room and stay right on site with the Best shops best restaurants and the Biggest largest xrp conference in the World ladies and Gentlemen the facility is beautiful it Has been a dream of ours to be able to Have this conference at the MGM Grand And guess what we thought it would take Three years but it took two and we're Here and I tell you something this pH Facility and the conference is beautiful And what we have in store for you is Absolutely Paramount for you to learn Because we are talking about a new era Of finance and while you're at this Conference you are going to hear them Talk about the geopolitical events that I believe caused this recent collapse in This market and you're going to want to Know from the experts in this space why Gold why cbdcs why the stable coins why All of it plus digital assets with Utility why do they really matter Because it matters now more than ever Because we are witnessing the greatest Financial paradigm shift in the history Of mankind and you don't have to believe It but it's still true and the people That are going to get their yourself a Ticket and get in that room are going to Get the most accurate information from The top industry leaders and analysts in This space that you could ever hope to Get and what are the chances that we
Could ever put all these amazing people These incredible bright amazing people In the same room ever again it's very Very unlikely that you could pull all These people back in their schedules Believe me I know what it takes to get The people of this level to come Together on the same day everybody's Time is extremely important and that's Why I know how special this is and I Know you do too get your ticket today Before they're gone and I want to tell You right now there's going to be a Price increase coming April 25th the Prices are going up on the general Admission ticket don't mess around and Get your ticket before before that Happens we have no choice room is Getting tight this is what we have to do So I've held it off as long as I can Hold it now it's get your ticket or the Price is going to go up April 25th That's where we're at ladies and Gentlemen don't mess around and speaking Of which we know what's going on Geopolitically around the world get Precious metals in your portfolio and do It from the best place that you can do It with the best prices all you have to Do is go here sign up just click the Sign up button and then in the referral Code put dig gold that's all you got to Do look watch this I'm going to do it For you right here there it is dig gold
And then fill everything else out and You're golden and you've got everything You need to start getting the best Prices for precious metals that's all You got to do or email them info@ Mfranklin Docomo in the subject box it's that Simple well here's why we're talking About all of this metals and the rest of It and the xrp Las Vegas conference Because we know there is a transition Coming listen to This I can't wait I don't understand What are you talking about so I can Either give you a Bankr or if you're going to get cash I Will need the invoice for the Car why no I'd like to it's for the cars Payments for in cash I can't I can't use A bank draft are you buying from like a Private yeah it's private it's literally From my friend from your friend yeah but He wants to cash can he give you like Anything that you're purchasing from him No I don't you don't need that I bro What is I'm only asking for Three what is this I I it's my money I'm Allowed to withdraw for my own bank Account you said what's the maximum Limit you can give a withdrawal to a Customer it's $3,000 on the date you've Already mentioned that multiple times Yeah not today why not today today I Would need or would get but why you
Don't you need proof of what it is why Is that and why is that why is that why Do you need why do you need to tell you What it is why you need what kind of Proof is that I bring in a note like What how is that what is that going to Change I don't understand you need to Give my money I'm not taking a bank dve I would like cash please yeah I won't Give cash wait I'm just going to sit Here until you give me cash so I'm not Going to leave okay if you want have a Sit there and then do what what who am I Waiting for I can get the manager to Talk to you well yeah get the manager Cuz this is Unbelievable and there you have it and That's the banking system right there Telling you how much of your own money You can or can't have Jim Rickards is Right he did write years ago that this Was coming and here it is and don't Think because it's somewhere else like Canada that it can't be here it already Is here you can bet your bottom dollar Go there and ask them for 10 grand out Of your account five grand go ask them See what'll happened now I want you to Listen to this because this is Mary C Daily from the San Francisco fed it says That at some point there will be a Rebalancing you know what another term For rebalancing is a great reset uhhuh So I'm just
Curious uh what you think of uh the United States current fiscal trajectory So I've worked there long enough to so I Should start let me before I give you The answer I was going to give you let Me remind everyone here that monetary Policy and fiscal policy are completely Different things and fiscal policy is Made by our elected officials um we Elect them as Citizens and they are the People making those allocated decisions So the FED plays no role in in those Types of things and we have no tools so Don't be mad at me is the translation Right we just print all the money no I'm Not going to mention that part right but Fiscal responsibility is on falls in the Hands of Congress so don't be mad at me The next things I'm getting ready to say Isn't that what she just laid down I Want to make sure that I'm stating that Clearly but what we do know and I can Say this as an economist and we have a Long history of of um the Federal Reserve saying when when it thinks we're On an unsustainable path and I just Think this isn't coming from the FED Anyone looking at our budget and our our Debt can say that this is probably an Unsustainable path for our economy and Then at some point there will be uh a Rebalancing and a Rebalancing yeah we've been calling it a Great reset the FED likes to call it a
Rebalancing well I'll tell you what else Mary C daily Skipped over so beautifully was all the Printing that the FED does didn't want To talk about that Mary uh Ron Hammond Here is talking very positively about The idea of stablecoin Bill getting Through this year I'm telling you I Really do firmly believe that the stable Coin legislation is just as important as The Telecommunications Act did as it was In 1996 for the internet and the birth Of the internet according to Punchbowl News lead stable coin negotiators Patrick McKenry Maxine waterers Senator Schumer mate let met late last night Last week excuse me to talk about a path Forward for a variety of bills including Stable coins and a congress barely Getting anything done this deal making Is pivotal Congress was in a similar Position during the last Congress two Years ago Senator Tumi Senator Brown Senator lumus stable Court legislation Was seen as a must after after the Collapse of terara the focus then was on Stable coin reserves redemptions and big Tech and finance tether was a subject of A lot of scrutiny at the time due to the Lack of audits and questions on their Reserve Makeups for both political and timing Reasons the 2022 stable coin Bill didn't Move forward tether along with the
Market has grown substantially in the Interum to tether's credit they have Been a lot more active publicly on their Audits and Reserve curves but the Political winds have changed since 2022 In the focus being countering illicit Finance like 2022 both Skeptics and Proponents in Congress have expressed Concerns about tether tether's growth And large sums of us treasuries for Reserves have made made a it a staple Into crypto industry However the fact That this crypto player doesn't have a US presence and has been implicated in Several illicit finan bust is concerning Policy Makers not surprisingly Brad says However going back to Ron's thread here Banning tether was one idea early on but There is now an understanding of the Adverse effects that would have on Crypto markets in us treasuries which is Something we've talked a lot about here Right has tether gotten so big that they Choose to not unwind it but to bring it Under the fold of credential regulations Is what we've always talked about and That seems to be what he's leaning into That idea and conversation happening on The hill another idea was trying to Bring tether on Shore and into some form Of us compliance regime via legislation Regulation again to tether's credit They've been vocal on their work with
The Secret Service and other government Organizations still many in Congress and In the treasury are pointing to their Large US Treasury reserve and not having A US presence is a major concern many Say that lack of the 22 stable coin Bill Getting across the finish line is the Reason for tether's growth and it is Likely that Ed is a big play player in That in 23 the financial committee uh Advanced a similar stable coin Bill Ironically the Biden Administration Which called for the legislation in 21 Tried to upend the deal that's right you Can thank Maxine Waters and Senator sh Brown for all of that I believe despite All these political setbacks it appears That stable coin legislation is slowly Taking shape as something all parties Could po ually agree on however the Details on provisions of the rumored Bill and the pathway forward remain Unclear there's also other issue to Monitor like the SEC tries to make Another attempt to incorporate stable Coins in their jurisdiction oh my God Gar gendler what the political land mins Are for the other Bill includes in this Rumored deal and whether Congress has Enough time to move a deal through so All of these discussions are occurring And we will keep an eye on it more Attention is why tether is offshore some Say is avoid regulations others say us
Regulatory environment is so hostile They saw better to be elsewhere time Will tell how this plays out so you can See that Hammond goes on to say that he Is optimistic that something will happen On the stable coins this year if the Bill is not attached to the FAA Reauthorization it has a chance through The Ndaa an aid Bill and then after Elections during the lame duck session He said great chatting for the win so There you have it we could see stable Coin legislation this year I'm telling You this is super super important Because it's not just about stable coins On and off ramps this is about real World asset tokenization it is the Digitization credential regulation of Privately issued stable coins and that Will also include tokenized Commodities And I'm sure if they do the bu right They will have something in there about Tokenizing derivatives and stocks and Bonds right so hang in there ladies and Gentlemen it may come before we know it However it used to be that these big Banks were the Slow slow crawlers and slow Walkers when It came to implementing this kind of Technology but I want you to listen to Where this Ripple official talks about They are now Ripple uh commissioned a Report last year which actually showed
That 76% of traditional FIS are looking to Implement some kind of crypto or Blockchain solution in the next 3 years Now I think back I've been at Ripple 5 And a half years 5 years ago we were Having meeting with large Banks if you Mention the word crypto you know people Looked uncomfortable in their seats you Know you can see some you know are they Going to call security and Scot us off The uh off the premises But now you fast forward you know 5 Years or certainly for the last 18 Months those same banks are calling us Back in to discuss what their strategy Looks like right so firstly I think Change big change some some you know We've made some huge strides there um But we still got a long way to go to Actually have these you know traditional FIS Implement solutions that their Customers can actually adopt uh a lot of It is is still talk but again we've made Some some some tremendous uh progress There and ripple have been quite unique In that sense because we view Partnerships between traditional FIS as Key to the growth and adoption for Crypto and blockchain right we believe That you know these institutions for for Mass adoption you need to educate you Need regulation but you also need the Big players who have the reach to also
Support And push that onto you know the benefits To their consumers so that's big Focus So you believe uh that collaboration and Partnerships are crucial 100% yes they Sure are and you're about to see just How crucial because we know here from Smoke Dog as we've talked about for many Years on this channel IP inner lger Protocol ILP right you have inner Protocol from the internet you have Inner Ledger protocol which is created By Ripple Stephen Thomas and then Ed to The worldwide Web Consortium which is The international standards and body Committee that oversees the practices And standards of the internet worldwide That's right ILP was gifted to that Organization years ago and this is how The interledger protocol connects to The Xrp Ledger to facilitate cbdc Transactions plus side chains and you Can see the illustration right here and All of this is to build off of the Comments from the gentleman from Ripple Here talking about how big banks are now Coming to the table and saying let's Discuss our strategy right let's discuss How we get this done because they know Now there is no avoiding it there is no Closing the door on it this technology Is here right and you can see right here Another example here how interledger Payments and ripple obviously work
Seamlessly together and this is all for Solutions for the financial players uh Inside the financial system here is Another reminder here Bank of International settlements publication Discussing prog programmable micro Payments with DLT while citing Ripple Yes it is true you can see the DLT they Talk about competing directly with Swift Right that it goes on through here and If you just look at the footnote it Comes down to Ripple versus Swift all of This being discussed I remind you the Bank of international settlements are so Impressed with ripple that they brought Ripple onto the bi s task force right Payments crossb payments task force and Then we see this news that Quant HSBC R3 Visa among 13 others chosen by UK Finance to join the next prototype phase For the digital pound Foundation I love This and even though they're not saying Ripple directly here in this particular Piece of information that we're going Over here because he C Anders is Celebrating the same news here right we Know that Ripple is a partner to the Digital pound foundation and what else Is important is all of these Ripple Partners being mentioned barlay City HSBC right MasterCard sonder Standard Charter I mean the list goes on Visa Forget about it there's connections Every R3 yes you know what I mean uh you
Know this is super super exciting Because you see the integration of these Things with the rlns right so as many Have speculated Quant would be involved With the work of the shared Ledger in The rln regulated liability networks Which would be the payment systems for The central banks to use right offering Interoperability as well as Programmability while the critical Shared Ledger capability is offered by R3 in the form of Corda as expected but Also great confirmation since the idea Of a shared Ledger is nothing new is Fundament and a lot of work is being Done in bis and their concept of a Unified Ledger which means unification Does it mean one right it means coming Together with all of these different Ledgers to provide a unified or even Federated experience right just like we Have with the internet today and all the Different protocols making it a highly Likely Quant is directly involved here As well Quant is involved in bis project Rosalin so we know they're working with The bis already and MasterCard and Barclays is both a project of rosin Regulated liability Network so we love Seeing this right here now we also have The Highlight here from Andrew dilus uh Who also reminds us look at all of these Ripple Partners right here yeah notice All the Ripple Partners I do I do notice
Them and don't forget that there's 500 Plus Ripple Partners in Growing right so just seeing a few named Mentioned in this doesn't shouldn't Bother any of of us that we don't see a D direct naming of Ripple that's okay That's okay with me for sure and I'm not Trying to talk you out of anything but For me I know that we have all of these Connections here I know that city is not An innovator neither is HSBC neither is Barclays neither is sander neither Standard Charter neither's Visa Neither's Mastercard and that's why they Have our technology either directly or Indirectly involved in their business Now today look that's going to do it for Me it's time to go into the freedom Zone Oh boy you're going to want to come in Today because today is an extension from Yesterday and we are going to talk about Who's getting rich off of War yeah and It ties back to the food too everything Is connected because it's all based on Money and we're going to prove it to you Today join us in the freedom Zone not Financial advice from me or anyone else Dig prospectives decom click the freedom Zone for next to nothing support the Channel get Google free ads of the daily Content plus extra content on the Channel full access to private Telegram And get a discount to the private dinner And support the digital chamber and have
Private dinner with Brad Garling house Christian Carlo Congressman Wy nickel And so many other great people I'm gonna Be there too I'm not missing it come Have dinner with me Dai is going to be There Mrs backup's going to be there and I tell you there's a discount code and It is a big discount code to have Private dinner with Brad garlinghouse Inside the freedom Zone ladies and Gentlemen all you got to do is come on In all right
