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I am not a licensed financial advisor. All videos on this channel are intended for entertainment purposes only. You should not buy, sell, or invest in any asset based on what I say in these videos. You should know that investing carries extreme risks. You could lose your entire investment. This is not trading advice and I am in no way liable for any losses incurred.
[Music] Ignition sequence starts 6 5 4 3 2 1 Zero lift off we have a [Music] Liftoff hey everybody this is the Digital asset investor and it looks like Americans Panic Sur SE give car back as Subprime autoline autol loan Delinquencies erupt people trending on On Google I guess give car back because The subprime auto loans are starting to Collapse folks this and real estate is About to get Ugly and that that can cause a and and Will cause a mega cascading problem in The this country and across the world And I think they probably are I think This is a part of the controlled Demolition of this country folks it's The only thing that makes any sense Listen to Stan dren Miller on CNBC Telling the truth while these CNBC hack Narrative carriers are they try to Interrupt him to to um to um gray the Area a little bit while he's telling the Truth on this Thing is there any way around monetizing These debt levels is there any way Inflation is not here to Stay yeah I yeah we could have a um Longterm look I don't have to worry About the longterm my day job but but I Will say this we could have an event I Don't know whether hopefully it's not a
A a a war of major power that bring us Together and you get sacrificial Behavior like we got after the Depression in the World War II we could Have a financial crisis um due to Everything I've been talking about and Finally My Generation I think Paul Jones Made the point we've given nothing we've Given nothing and now we want to screw Our grandchildren finally we get the Memo so no I'm not I'm not that Pessimistic and I'll say the other thing I'm optimistic about um Jerome no Jerome pal normalizing Interest rates yeah we now have a hurdle Rate for investment in this country so I Think the allocation of capital Ironically if we don't go to the you Know the ra Zombie Route and if we don't Continue the drunken sh ironically I Think it could be it could be a force For good because instead of funding a Bunch of nonsense and bubble stuff the Capital gets more properly allocated so Look I'm Open-minded to a really bad outcome and I'm openm minded to a decent outcome Well we need to we need to cut I'm here Today not to talk about Janet Y and I'm Here today guns and butter this morning I could have written it by the way I Didn't um we've got to stop guys we're Drunk we're we're digging this deep hole What are we doing here so what what's
More important I see they get real Uncomfortable when he starts saying we Got to stop that doesn't go in line with What their handlers are telling them to Talk about crypto bull the first major Triangle on xrp chart gave investors a 995,000 per return as the second big Triangle comes to an end I am fully Invested in xrp what is your price Prediction uhoh this guy says $514 70 um but look at that look at that Beauty right There there's I'll say it again there's No digital asset on the planet that is More Coiled to do its thing than xrp I don't Care what anybody says it's we've been Through too Much all of the things we've been Through have been things stopping that Coil from springing Loose it just feels like we're at a Place and egg Krypto says God Dev Val Hala xrp has triumphantly closed above The 20-month moving average xrp's Closure above a dollar threshold marking A comparison comparison between bull Market line and two bull market line Minus one remember the $1 Milestone Isn't just a number it signifies a Crucial Breaking Point our Target lies In the FIB 702 as we aim for the stars now I love This chart look at this chart right here
Is just nasty looking in a good way Because uh I guess we're right in here But look at that trajectory it's just Dying this thing is just dying to Explode just Is um then um Marcus Treacher who we we Haven't heard from in a while he's in This clip here he says I remain a big Believer and fan of Team Ripple leading Rtgs um Global because uh it's all part Of the same future a Global Internet of Value border payments Market um we've Seen a lot of improvements in domestic Payments uh over the past you know 15 20 Years things have become very efficient There uh it seems to me that uh there There are more presistent problems with With crossb payments uh improvements Seem to be slower there what why is that And why has no one fixed this yet the Key problem is it's called liquidity so When a bank or a payment company is um Carrying out a payment for you Domestically all the money required to Move that value between you the payer And whoever you are paying is already in The banking system in the UK in the Right place and that means that Banks Can move that money immediately that's Why we have that experience Domestically of clicking our app the Payment happening or tapping our phone On a Um a device and the the door to the um
The underground in my case in London Opening and I go in when you go and try That cross border you get the extra Challenge of actually placing that money In the right account in the right Currency in time for that payment to Happen for the payment to move from the Person paying let's say in the UK in Pounds to the person receiving for Example in Brazil's in Brazilian re And that process is um difficult it Takes time it's expensive it often goes Wrong and it ties up trillions of Dollars of um Bank Capital every day in Ums around the world only placed in Order to make payments happen and that's The core reason why when you try and Move from a domestic model that works Right quickly is efficient never goes Wrong to a crossborder model you Suddenly get all those problems you get The um the Where's My Money uh questions You get my um you the the overhead Problem you get the high charges you get The delays and it's all because of that Crossborder movement of liquidity um Which the factor of moving between Currencies and countries smart man I Think he used to be at Swift uh here's Another smart man crypto 1.01 by Establishment crypto Is co-opted by The Establishment Bitcoin mining centralized And ETF will centralize Holdings Ethereum centralized in both ft FTX used
To remove remaining efforts what's left Accept and build from scratch is the Only hope now I believe FTX was a I've Told you before I think it's a Government oper This is how you know because CNBC is Trying to carry this narrative and we're Going to turn I'll tell you what what What I think after this meantime we're Going to turn our attention to S bankman Freed who pleaded not guilty to criminal Fraud charges facing potential life in Prison if convicted closing arguments Start today in Kate Rooney who's been at The while you while you watch this I Don't think it's an accident that they Were putting Sam bankman freed Sam Bankman Freed's face and his big ass Afro and all that it was on the FTX Advertisements because I wanted they I I Think that this was an operation where They wanted it to be focused on him and They wanted it so that so that he could Be the py when the time came but I don't Think it's him I think it's somebody Else house for so many of the days of This trial is at our table this morning Hi guys good morning great to see you so St bman Freed's criminal trial it's Wrapping up almost exactly a year after The crypto company collap the former CEO Was the last witness to be called Closing arguments kickoff this morning Putting the case on track to go to a
Jury as soon as tomorrow when bankman Freed was on the stand yesterday we did Hear a slightly less hostile tone than The previous day at least he said he Learned about the 8 billion hole his Hedge fund but it was borrowing from the Crypto exchange last October despite Members of his sea Suite testifying that It was much earlier he said he deeply Regretted not taking a closer look Before that prosecutors question his Quote cozy relationship with Bahama's Prime minister and an offer to pay off $1 billion in Bahama's national debt Which he says he doesn't recall his Defense team tried to explain his fuzzy Memory on the stand for example after he Testified that he didn't remember Certain media interviews SP SPF as he's Also known explained that he gave 50 Interviews last year and he says he just Doesn't recall every one of those they Tried to explain $15 million spent on Private jets which according to court Documents was at some point used to Deliver Amazon packages he says the jet Was appropriate based on how much he was In Washington DC and that about $65 Billion at that line of credit you Remember we talked about that yesterday That was for its hedge fund he says it Was only a theoretical maximum the fund Drew on about two billion of that guys So I was trying to explain to to Becky
And Joe earlier having been down there Now but not being able to look into the Eyes of the jury yeah but obviously be Able to look into the eyes of lots of uh Journalists who who are professional Skeptics as a as a profession do you Have any sense that of what the mood is Actually among the jurors so our sketch Artist has actually been really helpful This she's sitting behind Sam bankman Freed so again they have been sort of Studious they've been taking notes it's Hard to get a sense there was actually One juror apparently sleeping yesterday Closing his eyes and so I think there's A sense that this has been going on for Five weeks now right not getting a sense Of you know how they'll we but you're Right that the Overflow rooms tend to be A little more ramb now remember folks These people I think their job I think The media narrative that they've been Handed is keep the focus on Sam bankman Freed keep the focus on Sam bankman Freed but remember his parents these are Tax attorneys this he didn't just show Up in the Bahamas okay remember this That's his dad in his in the FTX Headquarters okay and what was Joseph Bankman bankman alleged involvement in FTX remember folks Sam was at MIT where Gary was his Girlfriend's dad is Larry Ellison who Was Gary gensler's
Boss these people were she is one of the Main contributors to the Democrat Party that's all we can say out here We're going off into the group and I'm Going to prove to you I don't think that This guy was the head honcho at All I think somebody else was and I'm Going to I I I think I I can at least Prove and I'm going To of the involvement of the people in In this organizational chart FTX had had We're so we're going off into the group And Trust You me it's going to be Interesting D xrp.com join up folks We're also by the way in there um I Don't know if I'm allowed to say this But I think I'm gonna be able I think Don't quot me I think I'm gonna uh be Able to provide um a discount for people That want to go to xrp Las Vegas in There I haven't I I I've Had early conversations but I have to Confirm that so don't quote me yet but I Think that's what's coming also uh I'm We're going to be doing uh we're going To be dropping a zoom Link in there it May we're going to do it this week it May be next week because I got some Stuff going on but it might be this week Um and then um Also I'm trying to set up do uh set my Thing up so I can do live streams I'm Going to work on that some in the next Week too we'll see not don't quote me on
That either but we're going off into the Zoom okay all right I'm the digital Asset investor I'm not an investment Advisor this is for entertainment Purposes only Please Subscribe hit the Like button and tell your friends and Family that in D xrp.com Today we talked about Austin way which Just happens to be on the University of California Berkeley campus now what Could this possibly have to do with I Don't know FTX or Joe bankman well if You're in the group you'll find out Today thanks for [Music] Listening [Music]
