tv Perspective RT August 14, 2024 8:30pm-9:00pm EDT
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dory of zambia and mozambique and inflicted painful blows on the races. as the situation worse than the rhodesian army, turned to chemical and biological weapons, the races boys in the water and food and planted contaminated medicines on the gorillas. these caused an epidemic of cholera end to end directly and lead to masturbate to ality. however, the attempt to break down the africans resistance were futile. the white minority rosie was due in 1979. it could be delayed a year later, free elections warehouse. instead of a racist road, the just the state of zimbabwe appeared on the world map and became a true best just of the ideas of pan african is a the,
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the, we will have regulations but from now on the rules will be written by people who love your industry not hate your industry. the republican presidential nominate donald j. trump has promised to make the united states the crypto capital of the planet. he will even create a bitcoin strategic reserve, with the currency already held by the us government. this, along with replacing a several current government officials known for their boyish treatment of a crypto work makes donald trump a very popular with fan to the digital currency. where these promises even
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realistic are, will they, like most words on the campaign trail. the short lived once the candidate is elected, i'm sorry now here's and this is perspective, the broad scale bankruptcy, money laundering. these are all adjectives used by the department of justice and the security exchange commission under president joe biden, and reference to the crypto currency industry. now, as expected, the democratic run it financial wing of the government is strongly opposed to crypto, as it gives them very little power control. wasn't until lately, wall street top regulators had begun a sweeping enforcement crusade to charge of foreign and domestic investors. of like
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with anti money laundering, violation of the car body registration has said most crypto talk is being sold are being done so legally with each crypto leader being arrested or prosecuted. panic is setting it, however, house republicans lead by financial services chair, patrick henry and agriculture chair g t. thompson. feel as though there was an opportunity for legislation that could find a path forward by installing some regulations within the industry to protect it and allow it to grow. a dual crash like represented maxine waters have even agreed to try to work out a deal that would create a more tailored a crypto, including a move to regulate a type of token notice stable points of this coinage is designed to maintain a value. thank you for additional assets like the dollar, but was it the whole point of crypto in the 1st place was to get the government out of financial transactions. i want to discuss with our panel loretta,
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not the probably on a journalist and author, chris rice, journalist and house rice crypto show on youtube. as steve stockman, former us representative. thank you so much for joining me on this. thank you for having me. i appreciate wonderful. oh, actually thank god i would love to actually start with you on this one. steve, do you think crypt occurs? there's a game changer for the united states, or is this just the con the americans feel like they're being sucked into? no, it's not a count and people forget it. the main thing is distributive accounting and that's uh, could impact industry could be the trillions of dollars. that's why i wrote the 1st crypto bill to protect the crypto from government interference. it would really be helpful if the government stays back and not interfered with the new industry. you know, when, when after 1st came out, everybody was afraid and no one wants to do all file sharing for music and now it's
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the standard. so the fears always in a new industry is there and the frankly, the democrats don't like anything they don't have control over. well, that's interesting. you bring that up because chris rice, do you think the crypto currency should even be a political issue? yes, i actually do think so because it is, is a threat to the, the system and it is something that can also help the united states and a lot of different ways. we are going to see that with stable coins here age or as soon as this regulation start passing. but i would say a 100 percent. it needs to be a political issue because really when it comes down to why bitcoin was created, it was out of the aftermath of the 2008 financial crisis, the global financial crisis. and if those aren't political issues, i'm not sure exactly what would it be for that being said, chris, when you look at it and talking about a 2000 a financial crisis, whose fault was it then? so what political party can take claim for spawning this new type of currency, then i call it the unit party. i wouldn't necessarily blame it on the right or the
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left. i blame it on the bankers that pay all the politicians that like to get the pockets for well, and that's probably a very good answer on because i think both sides contributed to the 2008. if this was the result, i agree with you. i think that's when the real it started take you off and people trying to look for an alternative form. i find it interesting. and loretta, you can help me with this that former president trump has now currently begun to embrace the crypto currency movement. is this just a political move? i don't think so. i think you and the brother to it's creep to is a 2 car sometimes to understand exactly how to work. i mean, it's a new industry, as we said before. so the, the 1st approach i would say was and negative approach because it just threw that beach calling, which is the dates are scraped to represent a trip to the monopoly of the states the in the morning table. is it because they are you of an alternative currency inclination with a country?
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and this is not accepted by, you know, the tradition of economic theory. but then when you start looking at beach calling and seeing isle beach con as developed. so in that last big age you realize that it is, it's fact, it is something that is here to stay and it is changing. the structure of the mind that the system which is positive change is obviously not a negative change can be positive. so embracing it for the united states that is done in the right way is his promise to show by the time the von sense um yeah, the presentation then i think that they should be welcomed also by the industry. but that's the thing chris trump and, and even j b. vast, a certain extent. it's really blown up recently and hence why they're getting behind it. why did truck not get behind it in 2016 when he was actually present or
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did he but it was more behind the scenes, and i think personally, it really wasn't as mainstream now that black rock and larry think of kind of given the ok with it and being that larry's bank think is a very powerful individual. i think we've seen a water change in regulation. sense that if you really want to pay attention to things. now honestly, when it comes to trump though, i was in nashville, i got to listen to that speech. that's unfortunately why my voice is a little hoarse. so i do apologize about that, but i think he's running himself because i'm very smart individuals and i might even suggest that it's possible that validate rama swami is very much in his ear because a lot of what he was saying and has said seems to be very repetitive to what they cause to say, which is good things. and also the one thing i would say as far as donald trump at that speech is he definitely knew what he was talking about in regards to crypto currency. he definitely showed that he was educated and he wasn't just reading a teleprompter. and that's interesting because we're talking about complex issues when he come to curb to curb. thanks steve. i see you over there. last thing,
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i guess you guys have some familiar names to you that you're hearing, kind of getting behind it. you've been a republican party for a long time. does this surprise you that that of the republican party is getting behind something like crypto currency and is that agreement with you? consider the traditional republican party normally behind. well i, i have to you, i was in congress and when i wrote the bill was 11 years ago, i also was in nashville. and um, the thing is that to be honest with you, i was, i was on the banking committee. so in the ninety's. so i had told you that when i 1st came out for crypto, uh, my colleagues called me a weird oh, it's your deal, a criminal elements, you know. and so frankly, the, it takes a while, i think, as you go through the steps for people become aware what it is and that i think the potential really we haven't covered, which is the distributive accounting and getting around government regulations, which is what i hope crypto does we have so much bloated government?
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we have doubled the deficit in less than 10 years. and there's going to be a time when we have a crash. and frankly, big point we'll say the day in a lot of ways. and i think you'll go up to a $1000000.00 a call, and frankly i, it's just unstoppable now. well, you say it's and so that's what i want talk about and of teasing what role they're playing it. because obviously trump's getting by an end of cheese as well, that kind of potentially introduced them publicly to crypto in the whole entire world. you know, at loretta on this one. do you feel like that end of teaser playing enough of a role in crypto and is that a lot why trump is now actually becoming more and more familiar with it? but no, i don't think so. i think, you know, the n f d as an instrument to use my is a, the sports industry for example. you know, of course, you know about it in a campaign is fantastic because, you know, you can sell merchandise is using and if the but, and if the is nothing to do with, do you know the actual role of crypto in the morning tati policy and the function,
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a gust of fee at the money with the complex. i think that is the main issue really well out. the beach calling the s changed the way we actually look at money. i mean, i think it's fantastic because, you know, the end of the day were trust in software. but the do the assess the, the, at the money it seems to handle the goal. the change done. there is an act to update because he'll be on the dollar dollar. there's nothing we don't want to reserve so that you can match it, you know, divide, you know, the dollar. so, you know, at the end of the day with the great, i think, intuition also, does she not come all the wherever he sold, corey was, or she was, it is the fact that you can make this a state, you know, which is you know, the base of you know, money and produce a software which is more reliable than
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a golf tournament, because see dodson, it doesn't get influenced by politics. and that is, i think the great innovation know of beach caught it was interesting. i meant to the end of to just because i was terms original when he went public, he started talking about his own f teeth that i think was a stepping stone that kind of led him to go wait a minute. but also crypto kind of is that image, that conversation, you kind of hit on this a little bit earlier, chris talking about trump was very knowledgeable. and his speech of crypt though, that he knew the different parts that only someone that's involved and it's not just something you can just read on the telephone number. who do you know? why do you, do you think he's actually advising donald trump right now on crypto and want to differentiate himself from potentially what the democrats would have liked to do with crypto? and again, i would have to kind of default back to vague ramos wyoming, i, he was at the big coin conference last year as well as in attendance this year. and
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he was very appropriate claim at that time too. so he's, he's been very forward thinking in what he's been doing and also the crypto currency, the industry itself, and community that that is so much innovation that donald trump wants to see, be kept in the united states and not go to other countries. that i'm sure that there's other people advising them as well, because when it comes to that, you know, the project that you mentioned was your donald trump, himself, wasn't putting together the n f t, as you probably have some advisors, a team of people that he's working with they may have suggested some to do something like that. and as an entrepreneur, he's definitely opening new possibilities. and as an entrepreneur, he's definitely had to recognize this is the best performing asset of all time. big going is what i'm referring to. well, and it's interesting, you said, steve, you mentioned you were on the banking and financing committee 1020 years ago when you were actually in congress yourself. do you think anybody else outside of a have you heard any other rumblings a month for public is actually looking at prep though, looking at this is actually being
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a serious issue that they need to study or is that just recently with the back room swami donald trump putting it on the campaign trail, that republicans are starting to look more into the issue and potentially trying to take advantage of the opportunity. and i think the libertarian republicans are looking at it in particular because we all it, or libertarian hearts are republicans want to see less government. and it also facilitates congress and very speedy way if it starts becoming a normal adoption. so this is a transformation, it's going to be, it's huge and i don't think people understand just how much is going to transform this country in the world until a man few years later. but loretta steve, i want you to stay right here. we're going to continue this conversation. after the break, we're going to look at the status of cooper currency under the trump administration, and the effects crypto will have on other financial sectors of the government. the
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the russian states. never as tight as i'm one of the most sense community best ingles, all sense and up the in the 6595 has to be the one else calls question about this, even though we will then in the european union, the kremlin media machine, the state on the rushes to de escalate the ortiz full neck. even our video agency, roughly all the band on youtube. the 72 question, did you say they requested the
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welcome back to perspective, i'm your host got e mail here. the securities exchange commission has been collecting legal victories and get reckoning the current, the crypto industry, along with some of the biggest players at the forefront securities exchange. commissioner, chair, gary against our gary has been very suspicious and has been public with this feeling about the market being riddled with corruption and considers crypto to be very dangerous. that's why we're probably here in presidential candidate donald trump promise to fire guns are, is greatly welcomed by the crypto crowd. so let's continue our discussion with our panel. the reta know puller on e, a journalist and officer chris rice, journalist and host of rice crypto show on youtube and steve stockman,
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former us represent if thank you for staying with us through the right, you're all right, sir. do you loretta? because the president trouble wins, we know he actually wishes to get rid of the current secretary and exchange commissioner chair. but who could he have to find as his treasures secretary? could it be? and i think i could see chris are getting excited. the background, the swami who encourage him to adopt the policy that he will never allow the creation of a central bank, digital currency. no, i don't think so. well, you know, of course, i don't know personally, but i don't think, you know, he's going to pick on somebody which is um, controversial or to, to the traditional high school. it's, you know, the traditional finance industry and you know, the new industry. i think he's going to be somebody that is professional that knows how the market works, but who is going to have a little profile of, i mean,
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it's publicly we need some, we need to trust in the new system. and so we need somebody that is perceived as a professor and all that is not going to do the interest. so one group or another, but who is going to guide these rate relation, which is going to have a tremendous impact, not only the united states, but in the rest of the water, because you know, all the ice will be home to you, regulation and that's and i think you know, a low profile, a highly professional individual would be much better than anybody else because that's what you, this is a donald trump usually takes is low profile with any of his individuals. the only thing is he wants to make sure there does not bigger than him. you know, of course, like i mentioned with that chromosome and i got to bring you in here. do you think he will actually be considered as a candidate for secretary of the treasury? would that be a good thing or? no, i don't think he would consider him for that and i'm not sure that the bank would
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want that. but i definitely think that he may be involved in his cabinet and a position that may be an advisor or advisory type position in crypto currency. and i believe that donald trump is already talked about putting together a crypto currency, some sort of committee. so that is definitely a positive thing now, and donald trump said something about no central bank digital currency. he also did say something very positive, very in regards to stable coins, which i mentioned earlier. and the unfortunate thing is stable clients and central bank digital currencies. and digital dollars are all the same thing with just different names, and it's all programmable to just so everybody's aware of that. well, and i appreciate that clarification. you know, but i, you know, i just, it makes me want to scratch my head when i think of downtime, especially on an issue like this. steve, i've gotta ask you, are you a fan of chairman powell and do you think the president trump should nominate somebody else to replace him? of the federal reserve chairman, if you push, if he continues this push on crypto, another favor. anybody. lots of people that try to do innovation,
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it's really shameful. last 4 years actually, even uh, frankly, under other ministrations they didn't accept or realize the advantages the crypto and distribute the county. and we've been held back uh what they did in new york. they passed law regulations, new york was a hot place 10 years ago. and when they pass all these rules and regulations, all the people from new york are now spread all over the country. while i'm in miami and it's quite shameful, uh, regulations killed in industry and we repeatedly do this throughout history. we, we, we kill an american, we have his great inventions and great ideas. and then we, a government comes in and stops on it and kills that. but eventually there's going to be a people accepting of it and they're going to realize the change to look back on our wonder like a fax machine. we wonder what we can do without it. now we're without it, you know, we were happy. and then fortunately, and that's the way it's going to go, it's going to be adopted. but you mentioned that, but loretta, you know,
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i would heard over the weekend talking to somebody about compton, they're saying mexico and the middle east are kicking the tale of the west right now in regards to crypt. um, being able to get that stablish it, but is it once everybody, let's just say everybody gets involved? everybody gets on board as crypto. will it not be as desirable will not be as valuable if everybody, especially the west gets involved as they've done with so many other issues when they get involved and they start to regulate it? well, other countries then start to follow in their, in their footsteps. i mean, i don't to worry about, you know, regulation. i mean, generally regulation kills industry because, you know, he blocks it into it space that, that is too small, especially at the beginning of an end to 0, which is the case of the groups. but i would distinguish here between beach, coin and the rest of the creep to, i mean the 2 of these. so that means calling it is structure in a way that really you can 3 related to much. what you can do would be cool. and of
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course you can taxes. so taxation is going to be one of the most instrument that will be used in order to regret industry. but, you know, you can't control, you know, all you beach going is producer. you can't control the value of the beach going either because you know it to decide by demand could see if the software is produced by the software. and you know, the, the, the acceptance of the, my name is done based upon, you know, all the members of the beach klein community. so really it is, i think, conceptually, the currency of the people at the all the criptos are different tests. so we can discuss, you know, one by one, like, you know, stable calling for example, which see of for sure, leading to, to the us, the whole, the i'm but regulating beach calling in for the say to will will be
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a challenge because there is no very much the a so i, i actually a lot of trust. so i'm a believer in the future of beach cooling as you know, the currency of the people award while it may sound like in 3 months. but i think in the next the k d early may, it may become true both interesting and chris because she does talk about how she's very, i love already your optimism on this subject. however, the current standard right now, unfortunately, becky is held by the federal reserve. so chris, how do you think the federal reserve and the larger banks will react if present travelers elected any implements crypto and encouraged its growth even more? i mean, that's going to be a good question is definitely resolved or to pay attention to because when it comes to that point, again, like all you can really do is take down its on and off ramps wished to bank and definitely control that you kind of caching and,
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and caching out of the particular crypto currencies. but these things are designed to go peer to peer. so that's the kind of aspect of this that they cannot stop. so i think it's going to take a lot more of seeing what's happening as far as regulation, but the future is a 100 percent digital. when you look at the, i am asked d b i as the bank of international settlement, e, c, b, and all the things that are being introduced. the em bridge that's being created, which is basically a way to interconnect all of these different digital currencies. whether there's central bank, digital currencies or so. ready of all coins or digital. ready fee arch, it's a way to interconnect said now is a u. s. version of interconnecting them. and then they're also going to be interconnected in bigger ways. as i mentioned with m bridge and enbridge is stopping, has been developed with lots of different banks, including i and a half and b i s. and we just recently saw saudi arabia joining monte, the ambridge. so this is almost mimicking things that are happening here. crypto currency already. so is the question of, do you want to be in a, in
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a crypto currency gauge system, or do you want to be in, in a more of an open crypto currency system? and that point is gonna offer that alternative. there's not going to be central's ation and control when i mentioned programmable currency, there's a lot of things that people are fearing in the future of where that program ability can go, especially when we seen things happen in canada with the truck or on voice. so there's a lot of things that legislation prevents countries from doing, but taking things into the private sector with stable coins, especially here in the united states is going to alleviate the u. s. government from having to get involved with legislation changes. right. and the federal reserve technically cannot create a central bank digital currency without the approval of congress, which they've already said they're not planning on creating one. and i don't believe they will on a retail side, but they will on a wholesale side. and that is where you'll have a central bank for bank, a central bank, digital currency for banks. well, that's a great lead into my final question. i'm going to give it to you, steve, because well present truck be able to get your former colleagues on board to
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support crypto as a currency or other just got to be a lot of checks written like everything else in order to buy off washington's approval. well, the curb to currency has been good communities been given quite a bit of money. i think there's a pass dollar lobbyist under donations, but i want to own it close. besides, it's real important where it is drawing a dollar. there's no question about written the dollars is this being destroy, it becomes less valuable. and then people like saudi arabia the depend on the dollar as a current exchange. and it's going to happen where crypto becomes a default currency because it's just a case in which we're destroying what we have. and unfortunately that's government's policy is destroying our currency. and we're gonna buy it by the fact that we're gonna end up going to big point. very interesting, loretta chris, steve, thank you so much for our conversation. thank you. you know, can i can promise the moon to constituency, but if they are not elected,
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those promises are washed away with tiers along side all the other promises made on the campaign trail. however, if a kid is selected, those promises can soon become the sword in their side, especially if they were extremely specific to one group. those are support crypto currency are already suspicious of the government. here's why they turn to they like the electronic currency in the 1st place. this appointment only will lead to distance, and donald j trump, if elected, will only be given one chance to make his words come true. failure not only will effect trust in the government by a growing population, the trust of the financial sector, which has already seen this account over drafted. but hey, that's just my perspective. i'm sky now. here's the next time the on the
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phone with the doctor for one of those little and so forth. us national, move the images on some ground squared ma'am. and that's why little do you much really watch the words you're telling which isn't going to do with me as well. when i go and still unable to stop, you just dealing with the dumpster and was told, bucking able of near when you push the issue of the, of them but will not move up just to move. 0 easy lives, mysterious. and when you go, i didn't send them to do is make up the music. they don't know. i don't yeah. post the fun. yes. it was like, oh but i use the yeah. i always think that and then use ways that i mean 58 and i maybe cause it please go ahead and always communicate that. meet me to go up. nothing like mines but it just those we have the we have such all push mojitos to yeah. you will lose a deal in space, but i don't think he will do
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a switch cuz that's a little each of the but you move in georgia as fairly nice. pretty big news. the i'm saying is up with me that's thrown and is this the one in the other will be missing? the guns thing is, um, unless of course the movies is always in line and not old on the side of me being just want them uh, is up with them for the, the
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the the hello and welcome to cross ok. we're all things are considered on peter lavelle, jo biden's, catastrophic debate performance, and the attempted assassination of donald trump. i shuddered. many narrow escapes about american politics biden. it isn't a sharp is attack and trumpet isn't an ex, essential for us. officially sanctioned narratives have collapsed the cross talking narratives. i'm joined by my.
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