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Speaker 1: When people say, hey, Trump is pro crypto, that means

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he's also a pro business. And so what you're going

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to see is the banks, you know, start a sifting crypto.

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You see Visa MasterCard, even life insurance. You know, there's

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life insurance policies that are starting to be developed, you know,

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for you know the same way that we can become

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our own bank with whole life insurance. You're starting to

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see policies that people can put in bitcoin and borrow

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against it of a death benefit.

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Speaker 2: You are listening to Carrie Letz's Financial Survival Network, where

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you get valuable information you just can't find anywhere else

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00:00:36,039 --> 00:00:39,640
to thrive in today's trying times. You need the Financial

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Survival Network now more than ever. Go to Financial Survivalnetwork

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dot com and get your free newsletter and gift. Financial

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Survival Network now more than ever.

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Speaker 3: And welcome you are listening to and watching the Financial

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Survival Network. I'm your host Carrie Lutz Well got a

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special guest on with us today. You're definitely going to

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want to hear from him if you were into crypto trading,

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if you're looking to invest in crypto and figure this

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whole thing out. He's the guy to go to Jamar

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James and Jamar. Your website is dcgelite dot io and Jamar.

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So let's just talk about overall crypto. Where is it

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at now? Where do you think it's heating?

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Speaker 4: Man? It is in a great space, and thank you

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for having me.

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Speaker 1: But you know, overall crypto market is in a space

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of his spansion. You know, we waited for this year.

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You know, we consider it mass adoption. You know, they

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we've been talking about massive adoption for the last five years.

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But you know, having an incoming president that supports it,

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in a government that is getting behind it and talking

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about a Bitcoin Strategic Reserve, I think we're in a

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space of expansion and you know there's still a huge

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opportunity with the onboarding.

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Speaker 4: As you see Wall Street has entered the building.

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Speaker 3: Yeah, oh that it has.

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Speaker 4: That it has.

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Speaker 3: And wall Street, you know, Wall Street fought this tooth

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and nail because Wall Street's just the middle man when

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you get down to it, and the big banks, you know,

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make tens of billions of dollars a year being intermediaries,

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whether it's swapping currencies, trade currency, whether it's uh, you know,

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whatever it is. Anything they do, credit card processing.

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Speaker 4: All of that.

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Speaker 3: You know, they they have invested vast sums and they

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saw cryptos initially I guess as a threat, right, but

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now they're they're all in, Well.

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Speaker 1: They saw that, they saw it as disruptives, you know,

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taking you know, market share, But now I think they

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see it as opportunity. And the opportunity when he incoming administration,

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you're saying that there's money to be made and it's

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another asset and people are you know, they're going to

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have an opportunity to capitalize on retail and so you know,

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I think when you see Wall Street Internet building, you

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see the.

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Speaker 4: Opportunity in the future.

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Speaker 3: Yeah, and it's yeah hard costs, Like how much does

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it cost to set up an exchange for Wall Street?

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It's you know, a few million bucks. It's mini school.

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How much does it set You know, they can probably

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use AI to set up an ETF in a week.

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They just have to get the approval. The thing is

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they've got the ability to get the regulatory approvals and

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to actually have the platform to push it out. For

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whatever reason, most people in the country still trust Wall Street,

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you know, trust right, they trust them. I mean they're

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holding your stocks, they're holding your money.

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Speaker 4: I think we charge Wall Street more than the government

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at this point, you.

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Speaker 3: Know, you are unfair for good reason, right, all right,

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good reason. Uh yeah, so Wall Street can can move

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for the mountains necessary to do this. And now Trump

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coming in, you know, he's already said that, uh, he's

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pro crypto and wants to do a strategic bitcoin reserve.

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So off to the races here.

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Speaker 1: Well, and when you when people say that Trump is

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pro crypto, that means he's also a pro business. And

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so what you're going to see is the banks, you know,

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start accepting crypto.

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Speaker 4: You see Visa MasterCard, even life insurance.

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Speaker 1: You know, there's life insurance policies that are starting to

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be developed, you know, for you know, the same way

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that we can become our own bank with whole life insurance,

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you're starting to see policies that people can put in

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bitcoin and borrow against it of a death benefit. And

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so that's a you know, that's a big thing that

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you know, you don't have to sell your big coin.

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Speaker 4: At this point.

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Speaker 1: When you can start geting life assurance and needs different

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investment vehicles that are integrated with crypto, it opens up

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an entire new market in new.

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Speaker 3: Opportunities that's pretty amazing. I wasn't even familiar with that.

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So Wall Street's got the most to gain. They no

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longer view it as a threat. They view it as

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a necessity, and they're all racing to get in on it.

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Pre call. We're talking about companies, huge companies issuing their

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own coins, like what Meta tried to do before the

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current administration put the cabash on it. They were going

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to pay all their vendors in their own coin and

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allow people to purchase their services with their coin. And

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I wonder how long it's going to be before that

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comes back on the table and you start to see

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Tesla and Microsoft and Google and everybody issue their own coins.

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Speaker 1: So I don't think the government has a problem with prioritizing,

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you know, incentatives. You already have customer rebates and you

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have rewards that people can cash in. But the real

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issue is with collecting income in tax and taxes. And

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so I think the structure of you know, how do

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you collect the taxes on gains and profits or was

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the big obstacle. And I think as we move into

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this next year, you know that's going to have more

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clarity around it.

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Speaker 3: Yeah, they're going to force everybody to use exchanges. They'll

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try to dissuade the use of wallets, right, and maybe

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they'll be tracking built in with these new currencies so

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they can track your wallet. I don't know what they're

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going to do, but you know, the government, Uncle Sam's

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got to get his cut right, right anymore.

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Speaker 1: And that's why I think you know stable coin, u STT, Coinbase,

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the Gemini, all the approved of changes in America. You know,

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we're already kind of embedded with the government, and so

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they try to minimize the orn raps and ensure that

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everyone's license that are offering crypto or any type of

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orn rap.

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Speaker 3: Yeah. New York State, to its credit, was one of

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the first states, first governments anywhere, to actually come up

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with a crypto regulatory scheme. But that's going to have

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to evolve because, yeah, you can track everything, but crypto

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moves at the speed of light, and you can have

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accounts any place, anywhere. It's going to be difficult for

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the government to track all this down.

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Speaker 4: I think nine.

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Speaker 1: I mean, if you realized a few years ago, coin

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based had body chain analysis company. So once you get

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crypto and once you have a is on a blockchain,

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it can actually be tracked from one while it to

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the next. And so you know, it's almost like the

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paper trail is actually easier in crypto.

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Speaker 4: And so as long as you know you.

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Speaker 1: Have one person that has going through KYC and AML,

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they can actually follow that chain.

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Speaker 4: And that's what the entire blockchain is about.

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Speaker 1: It actually gives you less more transparency on every transaction

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and where that crypto is done.

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Speaker 3: I wonder if a country will come up and become

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the Switzerland of crypto quicker. Nobody gets traced, no matter what.

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Nobody can be traced, right, that is.

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Speaker 4: Something that the government will not allow. You know.

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Speaker 1: In the last twelve months, you know, while it's like

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Samurai wallet, you know, all the privacy coins have been

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under attack, and I think right now the IRS has

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a bounty on Minero that anyone who can crack it,

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crack the coal and get inside Maniro. They they have

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something like a bounty of five million right now.

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Speaker 3: Really, so Monaro is the one that they can't They

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can't track now.

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Speaker 1: They can't they can't crack. No, they don't have any

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visibility into it.

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Speaker 3: All right, So there you have it. What's Benarrow training

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out these days? You tracked it lately.

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Speaker 4: I think it was.

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Speaker 1: It was actually only is only recovery roll right now?

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And checking the price. Last I checked, it was like

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one eighty See where's.

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Speaker 3: At Yeah, yeah, one ninety three eighty four as we're

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speaking today on January seventh, So and it's you know,

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you look at it. It's had a pretty decent move,

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not quite as good as as bitcoin. It's down over

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the past month. So where's bitcoin heading? I saw a

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ridiculous forecast eight hundred thousand by the end of the year.

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Speaker 4: Oh man, that's it happens. I don't think is that

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I say one eighty to two hundred thousand.

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Speaker 3: I think one thirty five to one fifty crash, all right.

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It's a little different now to predict the peaks and

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the crashes. You know, I could never predict the lows,

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but I could always see the highs, you know, nineteen

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thousand and seven hundred back in what was at twenty seventeen, Well,

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it's seventeen. I nailed it to the day, and then

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two years ago sixty seven seven, and that's after it

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crashed from there. I didn't get in early enough. I

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think it was down to fifteen thousand or eleven. It

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really went down a lot, so you could see an

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eighty percent crash, especially now because the other thing that

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Wall Street can do better than anyone else is training

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arbitraging it right, they have the ability to do it.

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This is why I think they needed to get rid

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of Sam Bankman freed to me that whole thing was

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a put up deal on pure thoughts. He didn't steal anything.

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All the craitors got back one hundred and nine percent. Look,

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I'm a recovering attorney. I handled bankruptcies once upon a time,

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not a lot of them, but a few, and creditors

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are happy to get ten cents up back on the dollar.

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They got one hundred and twenty.

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Speaker 4: All right.

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Speaker 3: The law firm involved, I don't want to go pissing

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people off. It is a major, major deep state law firm,

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the one that handled the bankruptcy going back over one

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hundred years. They were instrumental in Latin American government overthrows

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and you know they've been They're the deep state law firm.

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Speaker 1: Put it that right, and that's a lot of a

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lot of right to sway the people, you know, for

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a bitcoiner against bitcoin, and they don't eat security and

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he gave a government opportunity to come in.

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Speaker 4: And state or what. Yeah, base, it didn't happen again

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to that's good legal money in now.

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Speaker 3: Yeah. And you know I read the book you know

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by Michael Lewis, and this guy was not a thief,

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all right, right he I think he might have been

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on the spectrum. Okay, that's entirely possible. But I have

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seen other financial people that had something Martin Armstrong, for one,

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get locked up for eleven years. They sentenced them to

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twenty five years. Now granted he's in a club fed

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in all likelihood hope for his sake. And you know,

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the guy his mistakes weren't criminal, they were accounting errors,

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right well in.

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Speaker 1: As Sam was in EP right that he was just

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like he was not qualified to Renny, No, he would.

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Speaker 3: He wasn't. He was an idiot, savant man. He's a genius.

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The way he figured out how to arbitrage these coins

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and trade cross trade and all that. I mean he

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invented it. So Wall Street and Sam bankmin Freed could

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not exist in the same world together, right, I think

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it's set up on me a conspiracy theorist, today's conspiracy

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theorists or Tomorrow's Truth Tellers. You know, the term conspiracy

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theorist came from Jamar Now I know Sally in the

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assassination of John Kennedy. There was a Warren Commission and

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basically they came up with the term conspiracy theorist for

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anybody that didn't buy the findings of the Warren Commission

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that leejrvy Oswald killed Kennedy lone nut gun man.

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Speaker 4: Right.

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Speaker 3: The CIA deliberately came up with that to marginalize and undermine.

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So as it turns out, all these conspiracy theories come true.

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So not a hundred one hundred and eighty do you

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think it's possible we could have a like a flash

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crash or a couple of months the line in bitcoin

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lose half its value.

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Speaker 1: I mean, I see in March, and you know, with

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so much algorithms and so much our freec trading, now

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that that's bobbed in Wall Street, you know there will

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be crashes. I think, you know, large dumps, but it

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will also be large recoveries. You have to remember the

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last time that Trump was in office, you know, we

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had COVID and we had crashes in March of twenty twenty,

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I think twenty twenty one, and we also had recoveries.

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And so I think any crash in crypto will be

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short lived.

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Speaker 3: Yeah, I think, you know, like you can't tell, it's

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still a market. It's it's still an emerging market.

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Speaker 1: Right, so it is also a global market. Yeah, and

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there's a rather site would like to pick it up.

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And that's why every every dip that you know I'm

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looking at is a Bible dip because you also have

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to remember that you know, one bitcoin, no matter what

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crash happens, it's still one big point.

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Speaker 4: The value may.

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Speaker 1: Change temporarily how much you can shave you for, but

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it's still one big point. And there's a lot of

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crypto enthusiasts that their whole goal is to accumulate as

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much bigcoin as possible.

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Speaker 3: Yeah, yeah, that is true. And I remember Porter Stansfield.

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Stansbury rather sold his company and he was buying like

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fifty thousand dollars worth of bitcoin either a day or

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a week, like three four years ago, right, just going

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all in on it. And he was a big gold guy.

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So could well be the case.

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Speaker 1: And that I believe, you know, at this point in

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history that any crash is is going to occur, there's

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guys that are going to take advantage and they're willing

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to buy and hope.

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Speaker 3: Yeah. Yeah, So there's definitely perhaps a bigger support for

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it than there has been in the past. On the

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other hand, you know, the fact that there's ats and

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there's options and there's futures make it, at least in

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the short term, much more easy to manipulate than it

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was in the past.

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Speaker 4: I mean, you use use leverages.

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Speaker 1: So I trade ETFs on a daily basis, or bigcoin

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and etherm and I'm doing that just so I can

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accumulate more bigcoin. So you know that that is a

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strategy with a lot of traders, is that I'm taking

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money out of the stock market to actually buy more crypto.

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Speaker 3: Hey, I get it, I get it. So how much

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crypto is enough?

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Speaker 4: How I can I think?

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Speaker 1: You know, when it comes to crypto, it's a wealth vehicle,

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it's a store value. So the thing, the big difference

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between gold and crypto is that you know, no matter

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how much gold you accumulate, how can you move around

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and how can you carry it? How can you take

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it with you? The big coin is you know, we

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can go anywhere in the world and we can have

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unlimited amounts of bigcoin digitally and it could be preserved

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and hit it, whereas gold asset isn't really a good

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story value because it's not mobile. And I think right

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now where we are global cyniziness, we want, we desire

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to be. I live in California and the number one

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thing I get on a daily basis why you're still there?

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Speaker 3: Yeah, a good question, why are you still there?

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Speaker 1: But these family family ties, right, I figured, you know,

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if you add a capital, it's not as bad. But

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I think the wealth, the vision is getting much wider.

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You know, it's going to be clear rich and poor.

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The middle class is being eliminated.

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Speaker 3: Yeah, yeah, I couldn't agree with you more man, it's

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uh well, then again, there's definitely a change taking place,

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not just in the country, but across the globe.

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Speaker 1: Across the globe technology. I mean, it's getting to the

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point where we're wiping out the middle class where even

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they don't have access to even buy crypto, they don't

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have access to buy food, you know. I mean, I

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think eggs.

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Speaker 4: Right now in California is about sixteen seventeen dollars that

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it doesn't.

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Speaker 3: I saw that they went up ten bucks in a

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day or a week, right, so they must be good eggs.

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Speaker 1: Well, I think that's the next stage, right, The next

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pandemic is you know, food shortages. That was That's the

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only thing that I think people will sell their crypto

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for if you have lack of food, you.

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Speaker 3: Know, and yeah, well right, I gotta eat.

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Speaker 4: You got to eat.

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Speaker 1: So I mean, I think you know you taken conspiracy

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theorists and Bill Gates. With all the land and all

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the products being modified, you know, all the food being gmo.

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You know that's going to become more valuable to the walkie,

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so you have quality food.

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Speaker 3: It's amazing you talk about food. Much of much of

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the food we produce, we can't even export to Europe

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or Canada. They won't take it because it's all this GMO,

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it's all modified. It's all crap. Quite a world here, now,

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quite a world.

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Speaker 1: AI doesn't need food, right, so you heard the eliminate

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the employees and you'll.

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Speaker 4: Adding more AI and the adding robots.

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Speaker 1: They don't need to eat. And so it does look

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you know technology wise, that everything is advancing.

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Speaker 4: Yeah fives, Well.

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Speaker 3: You got like twenty dollars minimum wage in California for

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fast food workers and you know they're looking and hey,

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Flippy the burger maker. They're going to have robots, so

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they're not going to have any human beings at the

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at the McDonald's. The robots will open up and they'll close.

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You know, they'll just be handing out food. They won't

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be taking any cash. Everything's going to be cashless payments, right,

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So that's the future. I mean, they had the the

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automated to coffee shop of the future, you.

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Speaker 1: Know, right, Yeah, Amazon stores, you can go to the

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grocery store and just walk out and encourage you Amazon account.

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Speaker 4: Yeah. Driverless trucks and vehicles is going to be around.

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Speaker 1: You know, Uber is being replaced by Waymo, and you

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know you can hop in a car and get a

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ride with the driverless vehicle.

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Speaker 4: I mean that's a real big investment right now, but

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is also kind of scary for all the blue collar

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workers ten million people.

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Speaker 3: It's the largest single job category in the country is driver, right,

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that's truck drivers, that's limo drivers, taxis delivery guys, FedEx,

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you know ups, post office, post Well, if you want

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to get a safe job, go to the post office.

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They'll be the last one to adopt the technology. Right.

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Speaker 1: No, they actually first, my mom retired thirty five years

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at the post office and she's seeing so much shade.

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We're even the catalogs, right, the business is almost dead. Yeah,

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and you have guys sending digital You get your mail digitally?

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Speaker 4: Now?

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Speaker 3: Sure? Yeah, you can do that. I mean I get

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the I get a scan of all the mail that

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I'm going to get for the day.

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Speaker 4: They're only keeping a post office open for the workers.

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It might be it.

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Speaker 3: Well, I lost the ten billion dollars last year, so

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you can only even if you're part of the government,

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you can only stay open as a money losing enterprise

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for so long until somebody says enough already.

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Speaker 1: And I think that's what Elon Musk was hired to do, right,

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Department of Government Efficiency.

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Speaker 3: Yeah, one are the new coins. You think it's a

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trojan horse.

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Speaker 1: They get the trojan horse that allow him to eliminate

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you know, a lot of government spending in the backup

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saying hey, we can save money.

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Speaker 3: Yeah. Man, it's like hard to believe, you know, it's

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so hard to believe, and yet here we are, so

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okay again, you want to find it, just tell us

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what you offer your AI service there at JAMA.

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Speaker 1: So you know, now with the introduction of technology into trading,

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now I've created a AI Trading Report. It gives you

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00:22:15,759 --> 00:22:20,319
updated trading analysis on what we're trading in crypto, the

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00:22:20,359 --> 00:22:24,240
stock market, the options, and it allows you know, the

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average person to understand what's happening in the market on

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a daily basis.

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Speaker 3: How do you get that?

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Speaker 4: Go to AI Trading Report dot com.

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Speaker 3: AI Training Report dot com. The link pleasing trading, got it?

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00:22:39,640 --> 00:22:44,319
Got it all right? About that AI Trading Report dot com.

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00:22:44,559 --> 00:22:46,480
The link is in the show notes of this interview

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00:22:46,559 --> 00:22:50,519
on Financial Survival Network dot com. Make sure when you

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00:22:50,559 --> 00:22:53,759
go there, please you'll sign up for our free newsletter.

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It's not quite AI written yet, but we're getting close

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00:22:57,720 --> 00:23:01,599
and getting questions for jamar myself. Shoot me an email

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00:23:01,720 --> 00:23:05,559
kl at Carrie lets dot com jamorrow. We will definitely

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00:23:05,559 --> 00:23:07,920
talk to you again soon, especially if there's any major

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movements in crypto from whatever area, and wish you the

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00:23:12,200 --> 00:23:13,039
best for the coming year.

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Speaker 4: Talk to you soon, lud You feel thanks for having me.

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Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network your

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00:23:19,920 --> 00:23:23,759
solution to today's trying times. For the latest, go to

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00:23:23,920 --> 00:23:28,319
Financial Survivalnetwork dot com Financial Survival Network

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00:23:28,640 --> 00:23:30,160
Speaker 4: Now more than ever,