Congress Sending Emergency Cash For War!?💸Crypto Market Update

0:00Emergency cash is on the way today. We'll break it down to you. Why this matters to the markets. Let's just jump right into it I do want to thank our sponsor and that is Tangeum and when I talk about getting out of exchanges right now guys you should be Definitely doing that take a look at starting to move and diversify Get into self-custody. This is one of the ways you can do it by joining the Tangeum crowd and the way to do that is just visit Tangeum.com You can get into the most secure wallet out there for a hardware crypto wallet works with both Android and iPhone This of course is where you can hold all your assets including things like even tokenized gold Very easy to set up and setting it up is only a three minute task for you if you're brand new to crypto This is your first check to get into crypto and that is hold some of your assets right there on self-custody Let's get into it today. I want to lead off with a political story that kind of broke the issue around funding The war in Iran here. It is Johnson of course comes in and says Congress will pass an Iranian war funding

1:02When it is appropriate. They're talking about 50 billion dollars right there guys. I'll zoom in on this a little bit 50 billion We'll pass a supplement when it's appropriate and and we can get it right and then we're nowhere close to that right now Is what Scalice is set and then of course we have Bloomberg coming in right behind at the defense Industry is expecting 50 billion in a package to boost munitions if you look at this right here the defense industry officials Basically are expecting the Pentagon to request supplemental funding as soon as Friday To shore this up and then of course gets into munitions stockpiles etc Around what's going on in Iran which means this Friday You are going to see some changes if this does go through this means the Fed is definitely going to be on the front line to print And the other thing that's hitting right now is Senate Republicans vote down the legislation to halt the war In Congress it's first vote on the conflict. You look at this right here Senate Republicans voted down the effort on the ones on Wednesday to halt President Trump's war against Iran

2:05demonstrating early support For a conflict that is rapidly spread across the middle street middle east. I think this is going to be Very impactful on the market in general with this kind of thing happening in DC Especially around everything that's going on at this time I want to play a clip because this looks like All of this may be dead and buried in terms of this particular initiative out of DC take a look There's a thing dead now is a dead and buried senator Well, this one's dead and buried now if we're going to Cuba go somewhere else that bring that up But but they want to tell the president of the United States whether he can he can Start a conflict or defend the American people or American people abroad. It's just absolutely amazing. They won't 535 to commanders in chief That's all we need up here. We need one person. We got Donald Trump Let him make the decisions. He's done a great job going to do a great job And he's going to make a lot of difference in our country and the world He's doing a hell of a job. You're so right sir. He's changing history. He's reading. He's changing the whole world balance of power in favor of the United States

3:14All right, so if you look at that statement it is clear There's not going to be much pushback if the Republicans have anything to do it With it right now if you look at the polymarket congress passes I ran war powers resolution by March 31st not a chance This is coming in at almost nothing right now 3.9% opportunity even Bernie Sanders He comes in defense against this as well. He basically says hey pentagon just got nearly a trillion You're asking for another half trillion coming in now. He wants even more money for a war He started in Iran without congressional approval. You can see the two sides are very far apart this will Result in a volatile market now whether we see this happening in risk assets Bitcoin If we see this happening in gold or the S&P 500 all of this is going to roll down into What you and I are going to be dealing with going forward Other things that are going to happen here of course is the price of oil This is another issue that will affect the interest of

4:14inflation And of course it's going to affect you and every day Americans in a big way straight-of-hormouse traffic is it's effectively down to zero right now Now get it I understand many of you are going to probably push back and say wait a minute Trump has got a solution for that. He actually did come out And say that the navy would be doing escorts and they also backed up the fact that Lloyds of London had pulled out of Ensuring the straight-of-hormouse and that is now being done by the international development finance corporation Which is basically going to take the position of Lloyds of London So if they keep the free flow of oil going through That will take some of the edge off of the markets But in general if you look at the markets right now Brent oil has surged to 80 to 50 a barrel This is 20% since January so in the last 30 40 days You need to watch oil prices this will be a big deal because it could Create a lot of market volatility other things you got to look at right here is comparisons that we saw back here in the lows Back in June of 2020

5:15We're oil and gas I should say Was around a buck 96 that of course by a skyrocketed up to $5 a gallon in two years just two years guys So this is a big deal because we have been on a slide down. So Trump's position of getting affordability back to Americans He is now definitely fracturing that contract with American voters And we are in a mess with Iran whether you like it you don't like it The key here is it's going to affect a market. It's going to affect Americans And I think it's going to affect pocketbooks in a big way you look around the globe You've got the Japanese saying setting up for this because they are also setting up their oil refineries Which have asked the government to release oil from national reserves All of this during this middle eastern Tensions you've got the Chinese jumping in on this the government has told the country to get its oil refineries On the move to suspend exports of diesel and gas was so they're basically a horde Around crude oil at least until this is dealt with and I want to play a clip because this will get into some more detail

6:22On where this could go in terms of an effect on the stock market take a look I think it's going to get a lot worse for stock markets before the weekend I'm not a geopolitical expert so I'm pretty simple about this The three main protagonists the US Iran and Israel have all been consistent that they are planning to keep on attacking for some time The US and Iran have both had denied that there are any talks going Between them whether they want any talks and Israel has never wanted any negotiations either So there are no negotiations happening and all are planning to continue conflict now No things can change quickly But I think assuming the conflict might end quickly is just I don't know where that's based on just doesn't seem to be any evidence at all for that This could get into a snowball guys And this is how a lot of these major conflicts go further and further and further As we start to edge forward. I just I'm a little bit leery of how this plays out You look at right now the impact on americans and we're already seeing very extensive

7:25Issues taking place a record number of american workers now are pulling money Out of their 401k's just to cover them financial emergencies This is not a good thing when you have US citizens who are already dealing with high inflation Dealing with job loss and now we've got a war that possibly is going to inject More price increases in the American economy in one of the biggest areas and that of course is going to be gas prices Trump has been touting gas prices going down forever. Well, that just changed I want to go to another clip. This is Bloomberg and they're assessing how the fed is going to react take a look So I think the question is Obviously when russia invaded ukraine it sent a commodity shockwave all around the world and well I was on bad go back a few years. I was on team transitory Which said hey, I think that this inflation that's coming out of the pandemic won't be that bad and will be short lived Obviously we adjusted that view that was not the right call and we adjusted we raised rates aggressively in part because of that commodity shockwave

8:28That was one of the contributing factors for why inflation got so high But now if you look fast forward a few years when Hamas attacked israel I was ready for a commodity shockwave that didn't come and so now the question I think that we are wrestling with and markets are wrestling with is how long is this going to last how bad is it going to get Is it going to look more like russia ukraine or is it going to look more like Hamas attacking israel and that's going to have effects on monetary policy Well, he is right. They were wrong around the transitory side of inflation and I don't know if you can really kind of lean on them at this point But the point is is that you look at the length of how long this could last The US and the Iran ceasefire right now if you look at polymarket looks like it's pretty well vetted out through the end of june possibly end of may but this is not going away quick And the longer it takes is what we're a week in and we're talking about 50 bill

9:29What what happens at you know six weeks in 12 weeks in 20 weeks in this is going to get expensive and get expensive fast Especially when you look at the kind of munitions and things that are happened Politico kind of hits on it right here inside the trump administration scrambled to support its own war right now There's a couple of points to really kind of hit on let me zoom in on this for you guys US sent com basically said it's asking the Pentagon to send more military intelligence officers to its headquarters in Tampa This is to support the operations that are happening for at least another hundred days So think about that right there at least another hundred days, but likely Through september this would go literally up to The midterms This is bad. I think for the republicans. It's bad for the administration I think trump has got to get some handles on this pretty quickly When you look at West Texas crude right now 13 month high inflation about to really run hot. I agree with Ted on this one

10:33This is going to get where it's becomes a little bit more nasty And then you have more pain coming in from the crypto markets and that is now IRS is proposing allowing crypto exchanges to deliver tax forms electronically meaning Everything you're doing over on your crypto exchange basically is automatically sent over to the IRS Interesting stuff out there right now guys Not a good time one good news is that christy gnome just got fired She's out the christy gnome and look at this This was like at a 14% chance just a couple of days ago And here we are blasting through and she is gone As you can see right here on NBC gnome is considered Considering firing or should be trump is considering firing DHS secretary christian gnome meaning she's done She's out and the polymarket I think is on it another thing that is good for clarity is this statement right here This is the pending is actually voter under regulatory review this just happened On a couple of days ago and what it does is it gives the commission this interpretation

11:37On application for federal securities law containing crypto assets certain transactions all on crypto If you look at some of the details of this and I think this is clear Is that the SEC isn't waiting for the clarity act they must be fed up. I agree They're going to introduce token taxonomy that classifies crypto assets under existing securities law. Okay And if congress can't pass the market structure which I think they will I think it's coming through now that gnome is out of the way because we won't have You know a handful of congressmen over there holding it hostage due to what's happening over with gnome and ice But if congress can't pass this it would allow the firms to at least register comply and operate So there might be a middle ground here if clarity Does not go through so just be aware Yes, it looks very solid trumps behind it now and all that But we're still sitting at 71% after Donald Trump Literally throws a gauntlet down and tells the banks to shut up

12:37And we only go to 70% something else is brewing here guys in DC So keep an eye on it here we go guys. Yes. I think you got to be very careful this weekend We could see a very atrocious Friday coming in so be cautious in the markets will continue to report on this The situation is very volatile right now. It's gonna be interesting If you like this video hit like and subscribe drop a comment down below and also join our free private member group The link is in the description