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Unknown A
So tulips are back as Donald Trump and Elon Musk want to make pump and dumps great again. That's the subject of today's video. And check out the headlines. Bitcoin jumps 10% after Trump names cryptos for strategic reserve. And yes, we are talking about crypto and Trump pumping. This is what he says. He says a US crypto reserve will elevate this critical industry. After years of corrupt attacks by the Biden administration. Which is why my executive order on digital assets directed the presidential working group to move forward on a crypto strategic reserve that includes xrp, Soll and ada. I will make sure the US is the crypto capital of the world. We are making America great again. Now, if you're not familiar with crypto, honestly, consider yourself lucky. It's basically a digital Ponzi scheme. And why would the US be diping in this thing effectively? There was a bunch of campaign donations and bribes coming in for Trump to pump up crypto.
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Unknown A
He has no idea what this stuff is. It's obvious whenever he talks about it, he does have his own coin. And he mentions more coins, which is kind of a strange thing in like the second tweet or whatever he says. And obviously BTC and Ethereum. So bitcoin Ethereum as other valuable cryptocurrencies will be the heart of the reserve. I also love bitcoin ethereum. So he kind of writes it weird. BTC and eth. But whatever. These are the coins that are pumping the last 24 hours. You can see Bitcoins'now up. The headline said 10%, but it's up 8.92 as recording. So it's dropped a little bit. Ethereum'up 11. XRP up 29. Solana up 20%. Cardano 59%. This is all 24 hours. And these are some of the more Mimi coin ones. Dog withiff hat. Yes, that's a real coin. Wif. I know this stuff all sounds like a joke, but there actually is money flowing around in these things.
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Unknown A
Money laundering or whatever. Have a listen to what Joe Rogan and Elon Musk have to say about this stuff.
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Unknown B
The weird one is the pump and dumps, like the. All time, all the time.
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Unknown C
Yeah.
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Unknown B
And people get shocked that somebody pump and dumped. Like, what is. What are you doing? Did you like, I was hoping to dump. I was hoping to make all the money out of this. I can't believe they got me. Like. Yeah, it's just weird that it's legal still.
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Unknown C
I mean, casinos illegal. Yeah, it is like Lose money at casinos.
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Unknown B
Yeah, but you can't rig a casino like a pump and dump. You could rig a pump and dump, you know.
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Unknown C
Yeah, I guess so like you could.
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Unknown B
Run a real pyramid scheme.
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Unknown C
Well, I mean the government'one big pymid scheme if you ask me. Yeah, well, you Social Security is the biggest policyi scheme of all time.
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Unknown A
So as they ponder whether or not pumping dump should be legal, whether not casinos should be legal, whether or not casinos can be rigged and yes, they can be. This is what Elon Musk is doing. He's pumping up his Tesla stock. He says it will require outstanding execution, but I think more like 1000% gain for Tesla in five years is possible. Now, generally speaking, the SEC frowns in this kind of stuff. What Elon Mus typically does, it just pays whatever fine, uses lawyers to dodge whatever, you know, lawsuits because he's actually been sued over dogecoin. That means Elon Musk was sued over dogecoin. Any number of things that are shenanigans going on in our markets. What's interesting though is, is that people essentially do put their money in this stuff and lose. This was article just came out a couple days ago saying Trump supporters lose 12 billion as president'cryptocurrency collapse.
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Unknown A
If you guys remember, Donald Trump has his Trump coin, Melania has Herania coin. I know you would think this stuff would be illegal, but this is the whole new world that we're in. Essentially. Remember the Trumps and the must want to deregulate everything so they can run their financial scams so they can pump up whatever stupid equities or whatever or securities you could call it. What's interesting though is that the meme coin thing, they recently had changed the ruling on this regarding the sec. So it says here, this I mentioned before, but I'll mention again, go in more detail says meme coins aren't subject to securities regulations to C sec so that's some of the changes that essentially the crypto people wanted from Trump. This was the ruling. It's actually interesting when you read why they say this. So let's read a little bit. It says the clarify guidance could impact crypto regulations and shield companies and individuals that create meme coins for potential litigation.
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Unknown A
Okay, these basically you can't sue them. That'd be like the Hawk toa coin thing if you heard about that stuff. Or you know, you can certainly call Trump or Millenium coin a meme coin. The digital currencies tend to experience volatile price winings and are popularly used in pump and dump schemes in which a token is artificially inflated via insider promotion to cash in on the buying frenzy. So in this situation with you know, Trump saying, hey, we're all going toa have a strategic reserve. Just imagine for example that Trump told all his buddies, hey I'm going to tweet out tomorrow that you know, crypto is awesome. And so then they all buy, right? And then after he tweets it out, it jumps up, whatever, in 24 hours and they all sell. That's a bump of dump. Then it goes back down to what it was.
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Unknown A
Here's a quote from I guess the SEC here it says meme coins typically are purchased for entertainment, social interaction and cultural purposes and their value is driven primarily by market demand and speculation. Okay, that's from the sec. Given the speculative nature of meme coins, they tend to experience significant market price volatility and often are accompanied by statements regarding their risk and lack of utility other than for entertainment or other non functional purposes. So because of these reasons, because meme coins are basically just quote, for fun, right? I guess money laundering is fun. I guess insider of trading is fun and it's just entertainment. There's no utility, right? There's no use for these things other than fun, I guess then I guess the SEC won't regulate it. That's the ruling from the Trump people. So great. That's what's going on. Also I keep punching this over and over again.
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Unknown A
You know, what's the plan? What's the end game? As they want to, you know, cut your Medicaid, as they want to figure out ways to either delete or privatize Social Security, all this kind of stuff. Well, they want to create and put tariffists on you. So raise your taxes, of course, cut taxes for billionaires, raise taxes on regular people. They want to do their sovereign wealth funds so they want to use all that tariff money, funnel it into their solving wealth fund. I told you guys before, I think it was like three or four days ago already. Where then they want to sell the 5 million dollar golden. Was it the gold cards? That was the Trump gold cards. And it's hard to keep track of this stuff to all the stuff they're selling and that allows for foreigners to come in and then they can set up whatever companies and do yet more money laundering.
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Unknown A
So you know, be it Saudi money, Russian money, Chinese money, wherever, all around the world, your money is s welcome to money laundering in usa because remember Trump says in the statement here, was it the wants to make America great again or are going toa be the crypto capital the world. I think what he said so stupid. It's like, I mean, I mean, there's this. This is not going to end well. I'll just put it that way. This is not go going to end well. If you have to, someone at the top is saying, hey, let's all build a crypto capital of the world. If you have the, you know, other co present, however you want to call Elon Mus saying, hey, everyone, we're gonna have a gateway to Mars. And he has this like weird culty culture and talk about musk here. I think now he has 14 kids that we know of, Multiple, you know, sister wives.
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Unknown A
I'n to say it, they all wear purple, which I showed you guys in the photo before. And yeah, talking about gateways to Mars, Trump is trying to, you know, free out way to cut Medicaid without saying you're cutting Medicai. That's what they try to do. They try to pretend like, oh, you know, it's not really a cut, it's actually a benefit because we got crypto. Oh, wella, I forgot about my medicating. Let's just focus on crypto. And then, and then lately the, the talk has been how can we make the tax cuts permanent. I just don't think this can end well. I don't know else to say it. That's why we got to, you know, effectively show you guys clearly what it is. I made a video on the strategic bitcoin reserve thing before. I'll put a link down below or actually I'll just show it.
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Unknown A
You guys can find it in my video. But the basic gist of it is that the way they portray this thing is they want that you and, you know, regular Americans to think of your, you know, chance of survival in the system as being a lottery and that, you know, if you want to play the lottery, you can, and if you don't, you have no chance of winning at all. So then it ends up being like a big Hunger Game sort of situation where then the rich people, you know, the Trumps and the ma, the billionaire class, watch everyone else fight it out like a squid game, you know, your games, this kind of stuff. That's the world that we're going into with this stuff. And so I know it sounds like funny to the people are enc crypted. Oaha. It's so funny. But there's a reason why we, you know, have social safety nets is to make sure people don't fall the through the cracks but, you know, remember, Musk is essentially how much I were to say the king of the pump and dump the queen of welfare from the government, as we
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Unknown A
talked about in the last video. So he's taking all, all the government money and putting his stupid projects. And then Trump is a, you know, former casino owner, bankrupt casino six times. It's just not, it's not a recipe for success. And now pumping crypto. So if you're curious what's moving equities, that's. That's what it is. And I just don't think this can last forever. You know, the tip crade didn't end well for a lot of people. Most people end up losing out on this thing. So be careful out there. Just want let you know what's going on, and I'll catch you on the next video.