1 00:00:00,800 --> 00:00:04,440 Speaker 1: Mexico has erupted into flames after the death of the 2 00:00:04,559 --> 00:00:10,000 Speaker 1: largest terrorist cartel boss, known as Elmentcho. Cartel Gunman had 3 00:00:10,039 --> 00:00:14,400 Speaker 1: begun carrying out terrorist attacks in various different states in Mexico, 4 00:00:15,040 --> 00:00:17,400 Speaker 1: all in response to the death of the country's most 5 00:00:17,440 --> 00:00:22,279 Speaker 1: powerful terrorist cartel leader. Mexico's government confirmed the death of 6 00:00:22,320 --> 00:00:26,920 Speaker 1: the cartel boss, which resulted from an enforcement operations how 7 00:00:26,920 --> 00:00:30,200 Speaker 1: they described it. Now, why did this happen in the 8 00:00:30,240 --> 00:00:34,040 Speaker 1: first place. It's very clear that the President's threat of 9 00:00:34,080 --> 00:00:38,239 Speaker 1: going after the narco terrorist cartel leaders was enough for 10 00:00:38,360 --> 00:00:41,080 Speaker 1: Mexico to decide they should do it on their own 11 00:00:41,800 --> 00:00:45,640 Speaker 1: instead of having the US involved directly. This after the 12 00:00:45,680 --> 00:00:50,520 Speaker 1: President clearly showed he wasn't flinching, after he declared many 13 00:00:50,680 --> 00:00:54,360 Speaker 1: of these individuals as terrorists, including one that we went 14 00:00:54,400 --> 00:00:58,360 Speaker 1: and got in Venezuela who's now an American custody, the 15 00:00:58,520 --> 00:01:03,600 Speaker 1: man who claimed cards that country after stealing the last election. Now, 16 00:01:03,640 --> 00:01:07,880 Speaker 1: this chaos began on Sunday early morning, when Cartel Gunman 17 00:01:07,959 --> 00:01:12,480 Speaker 1: began setting up blockades in four key states. They're controlled 18 00:01:13,040 --> 00:01:19,440 Speaker 1: by Elmanto's Terrace organization, the cartel known as the CJNG. 19 00:01:20,080 --> 00:01:22,720 Speaker 1: It's one of several cartels that have been designated as 20 00:01:22,760 --> 00:01:27,160 Speaker 1: a foreign terrorist organization by the US government. Now, the 21 00:01:27,200 --> 00:01:31,119 Speaker 1: gunmen around the country, they deployed roadblocks. Clearly they knew 22 00:01:31,120 --> 00:01:33,240 Speaker 1: how to do this and plan it in advance for 23 00:01:33,319 --> 00:01:36,479 Speaker 1: if this day ever happened. They carjacked vehicles and shot 24 00:01:36,600 --> 00:01:41,640 Speaker 1: innocent individuals. They set fire to buildings, grocery stores, and 25 00:01:41,760 --> 00:01:46,440 Speaker 1: gas stations. And they brought several different cities to standstill, 26 00:01:46,959 --> 00:01:49,360 Speaker 1: some of them on the border and others more in 27 00:01:49,400 --> 00:01:54,080 Speaker 1: the interior. Even airports being attacked and people fleeing on 28 00:01:54,240 --> 00:01:59,080 Speaker 1: the tarmac and running out of those airports in Guadalajara. Now, 29 00:01:59,120 --> 00:02:03,200 Speaker 1: all of this reaction follows the high profile military operation 30 00:02:03,840 --> 00:02:08,360 Speaker 1: that was carried out where military forces reportedly killed Elmento 31 00:02:08,560 --> 00:02:13,399 Speaker 1: during a clash with his gunmen. Several top news organizations 32 00:02:13,400 --> 00:02:18,079 Speaker 1: in Mexico began reporting the death of Elmento on Sunday morning. 33 00:02:18,720 --> 00:02:21,880 Speaker 1: Now there's also other information that points to an attempt 34 00:02:21,919 --> 00:02:25,120 Speaker 1: to capture one of his top lieutenants, as well as 35 00:02:25,200 --> 00:02:31,280 Speaker 1: additional operations aimed at decapitating the CJNG. As violence erupted 36 00:02:31,280 --> 00:02:35,239 Speaker 1: across the region, the US Embassy and Consulates in Mexico 37 00:02:35,400 --> 00:02:40,280 Speaker 1: issued a strong security warning saying quote DOE, the ongoing 38 00:02:40,360 --> 00:02:46,600 Speaker 1: security operations and related road blockages and criminal activity. US 39 00:02:46,680 --> 00:02:51,360 Speaker 1: citizens in the named locations should shelter in place until 40 00:02:51,480 --> 00:02:55,440 Speaker 1: further notice. Now, the death of Almentcho, as it's being 41 00:02:55,520 --> 00:02:59,880 Speaker 1: reported right now and the capture of top CJNG figure 42 00:03:00,480 --> 00:03:04,560 Speaker 1: would strengthen the credibility of Mexico's efforts as they claim 43 00:03:04,639 --> 00:03:07,720 Speaker 1: to fight drug cartels that has been a mandate by 44 00:03:07,800 --> 00:03:11,320 Speaker 1: President Donald Trump and his administration. Now, in the past, 45 00:03:11,480 --> 00:03:15,280 Speaker 1: Mexico had acted against other organizations like the Senelola Cartel, 46 00:03:15,800 --> 00:03:20,720 Speaker 1: the Gulf Cartel, and other smaller cartels, but the CJNG 47 00:03:20,919 --> 00:03:25,400 Speaker 1: remained largely untouched. Clearly, they were paying off the top 48 00:03:25,400 --> 00:03:30,600 Speaker 1: people in Mexico's government and certainly local law enforcement agencies, 49 00:03:31,080 --> 00:03:33,960 Speaker 1: which brings us to the other part of this story 50 00:03:34,080 --> 00:03:37,360 Speaker 1: and what's being reported right now. We are now being 51 00:03:37,480 --> 00:03:42,560 Speaker 1: told that America was actually involved in helping train many 52 00:03:42,680 --> 00:03:46,160 Speaker 1: of the elite fighters who actually went after the top 53 00:03:46,200 --> 00:03:50,720 Speaker 1: cartel members. The Mexican Army team that tried to apprehend 54 00:03:50,760 --> 00:03:54,360 Speaker 1: but ultimately killed, the fearsome leader of the terrorist organization 55 00:03:55,240 --> 00:03:59,600 Speaker 1: received what now is being described as specialized training from 56 00:03:59,720 --> 00:04:05,200 Speaker 1: US Navy Seals. Shortly before the operation, Breitbart Texas was 57 00:04:05,280 --> 00:04:08,080 Speaker 1: able to confirm from high level members of the US 58 00:04:08,160 --> 00:04:14,800 Speaker 1: intelligence community that Navy Seal instructors traveled to Mexico earlier 59 00:04:14,840 --> 00:04:18,560 Speaker 1: this month for a series of trainings aimed at targeting 60 00:04:19,080 --> 00:04:23,960 Speaker 1: and apprehending top level cartel figures. Earlier this month, amid 61 00:04:24,120 --> 00:04:29,400 Speaker 1: much controversy, Mexico's Senate voted to allow US Special Forces 62 00:04:29,400 --> 00:04:34,919 Speaker 1: operators to travel into the country to train their Mexican counterparts. 63 00:04:35,279 --> 00:04:40,719 Speaker 1: The cartels obviously were very angry about that. Instructors from 64 00:04:40,760 --> 00:04:44,360 Speaker 1: the US Navy Seals and other top tier groups were 65 00:04:44,400 --> 00:04:47,440 Speaker 1: scheduled to be in Mexico from mid February to April. 66 00:04:47,880 --> 00:04:50,919 Speaker 1: They first arrived were being told on February fifteenth on 67 00:04:50,960 --> 00:04:54,640 Speaker 1: a US Air transport with their own equipment and weapons 68 00:04:54,760 --> 00:04:59,120 Speaker 1: for the training seminars. The sources consulted by Bright Bart 69 00:04:59,200 --> 00:05:02,520 Speaker 1: Texas revealed that as soon as the top level Mexican 70 00:05:02,600 --> 00:05:06,360 Speaker 1: Army team was turned over to the US Navy Seal instructors, 71 00:05:06,839 --> 00:05:11,240 Speaker 1: they sequestered their phones and all communication devices to prevent 72 00:05:11,279 --> 00:05:15,080 Speaker 1: any leaks of information, something that has been an ongoing 73 00:05:15,160 --> 00:05:20,120 Speaker 1: issue in prior attempts to capture Almento and other cartel 74 00:05:20,200 --> 00:05:23,839 Speaker 1: figures in recent years. Now, while details of the training 75 00:05:23,880 --> 00:05:28,520 Speaker 1: and the operation remained classified, were being told that again 76 00:05:29,000 --> 00:05:34,000 Speaker 1: it was confirmed that Mexican military forces, working off US 77 00:05:34,200 --> 00:05:39,160 Speaker 1: and Mexican intelligence tracked down the cartel leader, where they 78 00:05:39,240 --> 00:05:43,839 Speaker 1: carried out the high level operation aimed at capturing, not killing, 79 00:05:43,920 --> 00:05:49,760 Speaker 1: but capturing that cartel. Later, during the operation, security forces 80 00:05:49,760 --> 00:05:54,080 Speaker 1: of the CJNG tried to fight off the military forces, 81 00:05:54,480 --> 00:05:58,720 Speaker 1: leading to a fierce firefight when Mexico's military forces killed 82 00:05:59,200 --> 00:06:03,320 Speaker 1: four gunmen injured three others who were airlifted to a 83 00:06:03,360 --> 00:06:07,279 Speaker 1: hospital for emergency care, but died en route. According to 84 00:06:07,320 --> 00:06:11,760 Speaker 1: information provided Mexico's military, one of the individuals who died 85 00:06:11,839 --> 00:06:15,719 Speaker 1: during the air transport was a man more commonly known 86 00:06:15,920 --> 00:06:19,640 Speaker 1: as the biggest cartel leader in Mexico. Again, this is 87 00:06:19,640 --> 00:06:23,680 Speaker 1: coming from the government. The death of the feared cartel 88 00:06:23,800 --> 00:06:28,120 Speaker 1: boss least a wave of terror in Mexico and new 89 00:06:28,200 --> 00:06:32,640 Speaker 1: threats that also coming from local reports. You also now 90 00:06:32,720 --> 00:06:38,359 Speaker 1: know that Mexican states carjacking vehicles skyrocketed, the roadblocks were set, 91 00:06:38,720 --> 00:06:42,880 Speaker 1: torching of buildings, and widespread terror by the criminal organization 92 00:06:43,400 --> 00:06:46,400 Speaker 1: reached such levels that now the US Department of State 93 00:06:46,960 --> 00:06:51,960 Speaker 1: is warning Americans to not travel and being clear about 94 00:06:52,000 --> 00:06:54,880 Speaker 1: the threats of danger that could be faced by any 95 00:06:54,920 --> 00:06:58,920 Speaker 1: American that goes to Mexico. Now here's the part that's 96 00:06:59,080 --> 00:07:02,159 Speaker 1: the most important. Maybe you or someone you know is 97 00:07:02,160 --> 00:07:05,679 Speaker 1: in Mexico right now, what should you do? You should 98 00:07:05,720 --> 00:07:09,120 Speaker 1: go to the State Department's website and look at the 99 00:07:09,120 --> 00:07:11,840 Speaker 1: warnings for where you are and also what to do 100 00:07:12,040 --> 00:07:15,200 Speaker 1: to be safe and to get out of the country. Now, 101 00:07:15,400 --> 00:07:19,440 Speaker 1: this may not be the last operation. Obviously, the cartels 102 00:07:19,480 --> 00:07:22,480 Speaker 1: are fighting back and hoping that that will make the 103 00:07:22,560 --> 00:07:26,440 Speaker 1: government of Mexico stop from doing anything else. But there 104 00:07:26,440 --> 00:07:28,600 Speaker 1: are many now that believe that there is more that 105 00:07:28,640 --> 00:07:32,840 Speaker 1: could be happening. And if nothing happens moving forward, then 106 00:07:32,880 --> 00:07:35,440 Speaker 1: there's a real threat from President Trump that if you 107 00:07:35,480 --> 00:07:39,520 Speaker 1: won't take out these narco terraces, America will. So you 108 00:07:39,520 --> 00:07:42,240 Speaker 1: can either do it yourself or will do it for you. 109 00:07:42,920 --> 00:07:45,280 Speaker 1: One thing is for sure, the President of United States 110 00:07:45,320 --> 00:07:48,080 Speaker 1: of America will be talking about this in the State 111 00:07:48,120 --> 00:07:52,080 Speaker 1: of the Union. Israel is a very hot topic right now, 112 00:07:52,160 --> 00:07:55,160 Speaker 1: and with so many opinions and emotions surrounding it, it 113 00:07:55,240 --> 00:07:57,800 Speaker 1: can feel hard to know where to start. The Bible 114 00:07:57,880 --> 00:08:01,520 Speaker 1: tells us, I will bless those who bless you. That 115 00:08:01,680 --> 00:08:05,240 Speaker 1: isn't just a comforting promise, it's a clear calling from God. 116 00:08:05,480 --> 00:08:09,040 Speaker 1: And today, with anti Semitism rising around the world, that 117 00:08:09,200 --> 00:08:11,840 Speaker 1: calling is more urgent than ever. At a time when 118 00:08:11,920 --> 00:08:16,240 Speaker 1: Jewish communities are experiencing more hostility, more threats, and more 119 00:08:16,320 --> 00:08:20,080 Speaker 1: violence than ever, Christians have a powerful opportunity to respond 120 00:08:20,120 --> 00:08:23,920 Speaker 1: with God's love to say you are not alone. When 121 00:08:24,000 --> 00:08:27,920 Speaker 1: Christians choose to bless Israel, we're not entering a political issue. 122 00:08:28,040 --> 00:08:31,880 Speaker 1: We're honoring the root of our faith and standing against hatred. 123 00:08:32,120 --> 00:08:35,920 Speaker 1: Supporting Israel is more than a belief, it's a biblical mandate. 124 00:08:36,040 --> 00:08:39,959 Speaker 1: And by partnering with the International Fellowship of Christians and Jews, 125 00:08:40,240 --> 00:08:43,400 Speaker 1: you can push back against darkness and be a light 126 00:08:43,600 --> 00:08:46,800 Speaker 1: to God's people. Learn how you can bless Israel and 127 00:08:46,880 --> 00:08:51,560 Speaker 1: be blessed in return. Visit IFCJ dot org today. That's 128 00:08:51,679 --> 00:08:55,440 Speaker 1: IFCJ dot org today. Be a blessing live in the world. 129 00:08:55,640 --> 00:08:59,480 Speaker 1: Answer the call. Around one point thirty am, a twenty 130 00:08:59,480 --> 00:09:02,760 Speaker 1: one year old man from North Carolina approached the secure 131 00:09:02,840 --> 00:09:07,960 Speaker 1: perimeter of Marlago and Palm Beach, Florida. According to law enforcement. 132 00:09:08,000 --> 00:09:10,960 Speaker 1: He was armed with a shotgun and also had a 133 00:09:11,040 --> 00:09:15,480 Speaker 1: gasoline canister with him. Secret Service agents in a Palm 134 00:09:15,480 --> 00:09:19,280 Speaker 1: Beach County Sheriff's deputy confronted him near the north gate 135 00:09:19,360 --> 00:09:22,800 Speaker 1: area of the property. That is where officers ordered him 136 00:09:22,840 --> 00:09:25,920 Speaker 1: to drop the weapon. Authorities say he put down the 137 00:09:26,000 --> 00:09:29,320 Speaker 1: gasoline can but then raised a shotgun in what they 138 00:09:29,400 --> 00:09:33,600 Speaker 1: described as a firing position. At that point, secret Service 139 00:09:33,720 --> 00:09:38,440 Speaker 1: agents and the responding deputy opened fire. The suspect was 140 00:09:38,520 --> 00:09:42,640 Speaker 1: killed at the scene. Now, importantly, President Trump was not 141 00:09:42,800 --> 00:09:45,760 Speaker 1: at Marlago at the time. He and the First Lady 142 00:09:45,760 --> 00:09:49,920 Speaker 1: were in Washington, d C. No law enforcement officers were 143 00:09:50,040 --> 00:09:54,040 Speaker 1: injured in Marlago as well. Now, the FBI is now 144 00:09:54,160 --> 00:09:59,440 Speaker 1: leading that investigation. They're reviewing the bodycam footage, the surveillance video, 145 00:10:00,080 --> 00:10:03,560 Speaker 1: and evidence from the scene. As of now, officials have 146 00:10:03,640 --> 00:10:07,319 Speaker 1: not announced a confirmed motive, and there's no indication of 147 00:10:07,360 --> 00:10:10,719 Speaker 1: a broader threat at this time. Now, this appears to 148 00:10:10,760 --> 00:10:14,840 Speaker 1: have been a rapid security response to an armed individual 149 00:10:15,400 --> 00:10:20,840 Speaker 1: breaching a protected perimeter. Another assassination attempt on President Donald Trump. 150 00:10:21,400 --> 00:10:24,080 Speaker 1: Now here's more of what Fox News had to say 151 00:10:24,280 --> 00:10:25,480 Speaker 1: about this incident. 152 00:10:25,960 --> 00:10:30,080 Speaker 2: And killed an armed man who unlawfully entered the perimeter 153 00:10:30,160 --> 00:10:32,439 Speaker 2: at mar A Lago early this morning, one point thirty 154 00:10:32,480 --> 00:10:35,559 Speaker 2: this morning. The Associated Press is out with some new 155 00:10:35,600 --> 00:10:38,679 Speaker 2: details right now. They have named and we have confirmed 156 00:10:38,679 --> 00:10:41,360 Speaker 2: the name of the suspect, twenty one year old Austin 157 00:10:41,679 --> 00:10:46,280 Speaker 2: Tucker Martin. According to the Associated Press and this bulletin 158 00:10:46,320 --> 00:10:49,440 Speaker 2: that just crossed he was reported missing by his family 159 00:10:49,920 --> 00:10:54,400 Speaker 2: a few days ago. Investigators believe he headed south and 160 00:10:54,440 --> 00:10:56,760 Speaker 2: picked up a shotgun along the way, and they think 161 00:10:56,840 --> 00:11:00,120 Speaker 2: that because they found a box for the shotgun in 162 00:11:00,160 --> 00:11:03,520 Speaker 2: his car. The FBI is right now asking people that 163 00:11:03,600 --> 00:11:07,160 Speaker 2: live near mar A Lago to check their doorbell cameras, 164 00:11:07,240 --> 00:11:10,080 Speaker 2: check any cameras that they have in their yards so 165 00:11:10,120 --> 00:11:13,560 Speaker 2: they can figure out exactly how this guy got into 166 00:11:13,600 --> 00:11:16,240 Speaker 2: the area. But it is now believed, according to the AP, 167 00:11:16,760 --> 00:11:21,760 Speaker 2: that he might have piggybacked behind a vehicle entering mar 168 00:11:21,760 --> 00:11:24,679 Speaker 2: A Lago lawfully when the gate opened. 169 00:11:25,160 --> 00:11:28,040 Speaker 1: Now, as we talk about another security incident at mar 170 00:11:28,040 --> 00:11:30,959 Speaker 1: A Lago, it's important to remember this isn't the first 171 00:11:31,000 --> 00:11:34,360 Speaker 1: serious threat against President Donald Trump. So let me just 172 00:11:34,520 --> 00:11:37,600 Speaker 1: walk you through the major assassination attempts and plots that 173 00:11:37,640 --> 00:11:42,080 Speaker 1: have already targeted Donald Trump over the last couple of years. 174 00:11:42,520 --> 00:11:45,520 Speaker 1: You go back to July thirteenth of twenty twenty four 175 00:11:45,760 --> 00:11:49,400 Speaker 1: in Butler, Pennsylvania. That was the most serious and shocking 176 00:11:49,440 --> 00:11:53,240 Speaker 1: attempt during that campaign rally in Butler, a gunman opened 177 00:11:53,360 --> 00:11:58,160 Speaker 1: fire from a rooftop outside the security perimeter. President Trump 178 00:11:58,480 --> 00:12:01,920 Speaker 1: was struck in the ear by the bullet. One rally 179 00:12:01,960 --> 00:12:06,199 Speaker 1: attendee was killed and others were injured. Secret Service agents 180 00:12:06,280 --> 00:12:10,720 Speaker 1: rushed the stage, shielding the President and evacuating him within seconds, 181 00:12:10,880 --> 00:12:13,080 Speaker 1: but not before the President put his hand in the 182 00:12:13,080 --> 00:12:17,880 Speaker 1: air and yelled fight, Fight Fight. The shooter was killed 183 00:12:17,960 --> 00:12:20,800 Speaker 1: by law enforcement, and to be clear, that was one 184 00:12:20,800 --> 00:12:25,480 Speaker 1: of the closest calls in modern presidential history. You fast 185 00:12:25,480 --> 00:12:29,000 Speaker 1: forward to September of twenty twenty four the Fida golf 186 00:12:29,040 --> 00:12:33,600 Speaker 1: course incident. Just weeks later, there was another serious security scare. 187 00:12:34,080 --> 00:12:36,880 Speaker 1: A suspect armed with a rifle was spotted near Trump's 188 00:12:36,880 --> 00:12:40,960 Speaker 1: golf course. Secret Service agents identified the threat and engaged 189 00:12:41,000 --> 00:12:44,880 Speaker 1: before any shots were fired at Donald Trump. The suspect 190 00:12:44,960 --> 00:12:49,360 Speaker 1: was apprehended and authorities later described as another credible assassination 191 00:12:49,480 --> 00:12:55,160 Speaker 1: attempt that was stopped before it escalated. In addition to 192 00:12:55,360 --> 00:12:59,160 Speaker 1: those two high profile twenty twenty four insidants. There had 193 00:12:59,200 --> 00:13:03,120 Speaker 1: been multiple individuals over the years arrested for traveling with 194 00:13:03,200 --> 00:13:08,600 Speaker 1: weapons towards Trump rallies, making credible online threats, attempting to 195 00:13:08,600 --> 00:13:12,959 Speaker 1: breach security perimeters where the president was, and also sending 196 00:13:13,000 --> 00:13:17,480 Speaker 1: suspicious packages. Most of those were intercepted before they became 197 00:13:17,760 --> 00:13:22,719 Speaker 1: active attacks, thanks to the Secret Service, intelligence and law enforcement. 198 00:13:23,360 --> 00:13:26,240 Speaker 1: But then there's the bigger context of this. Why is 199 00:13:26,280 --> 00:13:29,840 Speaker 1: the left so radicalized and why do they have so 200 00:13:29,920 --> 00:13:32,800 Speaker 1: much hatred towards Donald Trump that they want him killed. 201 00:13:33,400 --> 00:13:35,880 Speaker 1: We've seen this over the last few years. There's a 202 00:13:35,960 --> 00:13:40,800 Speaker 1: dramatic increase in the threats against Donald Trump. That twenty 203 00:13:40,920 --> 00:13:45,480 Speaker 1: twenty four rally shooting was historic, and things didn't calm 204 00:13:45,559 --> 00:13:50,360 Speaker 1: down afterwards. Things have actually gotten worse. Security around Trump 205 00:13:50,440 --> 00:13:54,560 Speaker 1: has remained extremely tight ever since the Butler attack, and 206 00:13:54,760 --> 00:13:58,640 Speaker 1: every incident, including the recent Marlago situation, is treated with 207 00:13:58,720 --> 00:14:03,360 Speaker 1: maximum seriousness because of that history. One thing that is 208 00:14:03,440 --> 00:14:06,440 Speaker 1: for sure, the White House is doing everything they can 209 00:14:06,559 --> 00:14:09,439 Speaker 1: to work with local law enforcement and the brave men 210 00:14:09,480 --> 00:14:12,880 Speaker 1: and women with a Secret Service to keep Donald Trump 211 00:14:13,200 --> 00:14:16,240 Speaker 1: safe as he possibly can be. It's a new year 212 00:14:16,360 --> 00:14:20,600 Speaker 1: twenty twenty six. You've probably heard the name bitcoin and cryptocurrency. 213 00:14:20,720 --> 00:14:23,480 Speaker 1: So the question so many people have is is it 214 00:14:23,720 --> 00:14:26,640 Speaker 1: safe and is it something that I should be invested in. 215 00:14:27,000 --> 00:14:29,040 Speaker 1: It's a question I want to get answered for you 216 00:14:29,120 --> 00:14:31,200 Speaker 1: today in joining me now to talk about that as 217 00:14:31,200 --> 00:14:34,800 Speaker 1: a co founder of Bitcoin IRA, Chris Klin, Chris, I 218 00:14:34,840 --> 00:14:38,040 Speaker 1: appreciate you being here, and it is pretty cool to 219 00:14:38,080 --> 00:14:41,320 Speaker 1: see what's happened in the crypto space. It has become normal. 220 00:14:41,480 --> 00:14:43,680 Speaker 1: It now can be a part of your IRA. The 221 00:14:43,720 --> 00:14:48,240 Speaker 1: federal government has changed the rules. They're accepting cryptocurrency like 222 00:14:48,280 --> 00:14:48,880 Speaker 1: it's a stock. 223 00:14:49,240 --> 00:14:51,920 Speaker 3: Yes, absolutely, and it's it's really driven itself into a 224 00:14:51,960 --> 00:14:54,720 Speaker 3: mainstream space. I remember a decade ago when we first 225 00:14:54,760 --> 00:14:58,400 Speaker 3: started Bitcoin IRA and everybody was like, are you crazy kid? 226 00:14:58,440 --> 00:15:01,840 Speaker 3: You're putting bitcoin in retirement accounts? Is this even possible? 227 00:15:01,880 --> 00:15:04,120 Speaker 3: And you fast forward to where we're at today, where 228 00:15:04,160 --> 00:15:08,480 Speaker 3: countries are building stockpiles, corporations are building stockpiles. Strategy, for example, 229 00:15:08,520 --> 00:15:11,160 Speaker 3: is pretty much its entire business models around this. It's 230 00:15:11,200 --> 00:15:14,680 Speaker 3: a piece of diversification that every major player in the 231 00:15:14,720 --> 00:15:17,200 Speaker 3: space and economics is looking at, and so should too. 232 00:15:17,280 --> 00:15:19,800 Speaker 3: The individual sovereignty of the average American looking to put 233 00:15:19,800 --> 00:15:20,800 Speaker 3: it inside of their retirement. 234 00:15:21,120 --> 00:15:23,160 Speaker 1: You guys actually have a really cool stat that you 235 00:15:23,200 --> 00:15:25,840 Speaker 1: told me about at dinner, and that is that your 236 00:15:25,960 --> 00:15:30,320 Speaker 1: clients seventy five percent were born before nineteen seventy six. 237 00:15:30,440 --> 00:15:32,840 Speaker 1: So the idea that you may be missed out on this, 238 00:15:33,040 --> 00:15:35,000 Speaker 1: or if you're a little older, it's a young man's 239 00:15:35,040 --> 00:15:37,960 Speaker 1: game in crypto, that is also just not true. 240 00:15:38,120 --> 00:15:39,800 Speaker 3: That's definitely one of the myths I wanted to come 241 00:15:39,840 --> 00:15:42,560 Speaker 3: to bunk with you and your audience isn't This isn't 242 00:15:42,560 --> 00:15:46,400 Speaker 3: our grandfather's economy and grandfathers are buying bitcoin and putting 243 00:15:46,440 --> 00:15:49,080 Speaker 3: it inside their retirement for long term holdings, especially now 244 00:15:49,080 --> 00:15:51,040 Speaker 3: that they're thinking about inheritance and handing some of these 245 00:15:51,040 --> 00:15:53,400 Speaker 3: things down. But yeah, that was actually shocking to me. 246 00:15:53,480 --> 00:15:56,760 Speaker 3: We've discovered that in twenty eighteen that seventy five percent 247 00:15:56,800 --> 00:16:00,400 Speaker 3: of them were older than my parents' generation. And what 248 00:16:00,440 --> 00:16:02,880 Speaker 3: we found from surveying all of them was this is 249 00:16:02,880 --> 00:16:04,920 Speaker 3: something that they think is new age and that I 250 00:16:04,920 --> 00:16:08,200 Speaker 3: think almost every American, especially older ones, has a genuine 251 00:16:08,240 --> 00:16:10,760 Speaker 3: concern of watching what's happened to the US dollar over 252 00:16:10,760 --> 00:16:13,080 Speaker 3: the last four or five decades. And there's always been 253 00:16:13,120 --> 00:16:16,000 Speaker 3: gold and silver's a potential hedge, land, real estate. These 254 00:16:16,200 --> 00:16:19,080 Speaker 3: scarce assets and bitcoin. While it may seem oh that's 255 00:16:19,120 --> 00:16:22,360 Speaker 3: digital and it's different, it's scarce. There's only twenty one 256 00:16:22,360 --> 00:16:25,160 Speaker 3: million assets bitcoin that will ever be mined. Nineteen and 257 00:16:25,200 --> 00:16:28,040 Speaker 3: a half million have been mined so far, and you 258 00:16:28,120 --> 00:16:30,000 Speaker 3: and I actually won't live, our kids will probably live 259 00:16:30,040 --> 00:16:32,120 Speaker 3: to see the last one get mined. This is something 260 00:16:32,160 --> 00:16:33,600 Speaker 3: you know. We're in a world of abundance since I 261 00:16:33,640 --> 00:16:35,480 Speaker 3: was born in nineteen eighty five. It's abundance. We just 262 00:16:35,480 --> 00:16:37,840 Speaker 3: printed and printed and printed more. This is a moment 263 00:16:37,880 --> 00:16:39,360 Speaker 3: in time where we may be able to revert back 264 00:16:39,400 --> 00:16:41,720 Speaker 3: to scarcity, and there'll be a day we're just saying 265 00:16:41,760 --> 00:16:43,800 Speaker 3: I have one Bitcoin will be life changing. 266 00:16:43,920 --> 00:16:45,720 Speaker 1: Chris. I hope a lot of people that are watching this, 267 00:16:46,040 --> 00:16:48,160 Speaker 1: you guys, will go and find out more. It is 268 00:16:48,240 --> 00:16:51,240 Speaker 1: amazing what you can do in your retirement account now, 269 00:16:51,600 --> 00:16:55,800 Speaker 1: just like your other investments with bitcoin cryptocurrency. Find out 270 00:16:55,840 --> 00:16:59,920 Speaker 1: more right now at bitcoinira dot com, slash ben that's 271 00:17:00,240 --> 00:17:05,240 Speaker 1: bitcoin ira dot com slash ben and see what cryptocurrency 272 00:17:05,320 --> 00:17:09,840 Speaker 1: can do for your portfolio. The new mayor of New York, Mondani, 273 00:17:10,119 --> 00:17:13,479 Speaker 1: has got a socialist push for rent controls that are 274 00:17:13,480 --> 00:17:18,119 Speaker 1: about to wreck the New York City housing market, calling 275 00:17:18,119 --> 00:17:21,680 Speaker 1: it rent controlled two point zero. And the new political 276 00:17:21,760 --> 00:17:24,480 Speaker 1: push that's brewing in New York City is to force 277 00:17:24,600 --> 00:17:28,359 Speaker 1: people out. The center of it is the mayor and 278 00:17:28,480 --> 00:17:34,400 Speaker 1: his unapologetic calls for sweeping rent controls. Now, he's pitching 279 00:17:34,440 --> 00:17:39,760 Speaker 1: this plan as a moral crusade. He's framing it as justice, 280 00:17:40,240 --> 00:17:44,240 Speaker 1: and he's selling it as salvation for renters crush by 281 00:17:44,240 --> 00:17:47,840 Speaker 1: what he described as sky high housing costs that are 282 00:17:48,040 --> 00:17:52,919 Speaker 1: un American. Yet he's actually a socialist. So what is 283 00:17:52,960 --> 00:17:56,480 Speaker 1: the solution? He says. It's about making New York City 284 00:17:56,560 --> 00:18:01,920 Speaker 1: more affordable by forcing home owners or landlords or property 285 00:18:01,920 --> 00:18:07,400 Speaker 1: owners to foot the bill or subsidize other people's rent. Now, 286 00:18:07,440 --> 00:18:10,320 Speaker 1: this is a promise. The mayor said, He's going to 287 00:18:10,400 --> 00:18:14,160 Speaker 1: pay off on, freeze the rents, and save the people. 288 00:18:14,320 --> 00:18:18,919 Speaker 1: There's even that catchy slogan. Mundani's message is simple and 289 00:18:19,000 --> 00:18:24,640 Speaker 1: politically powerful. Rent, he says, is too high. Landlords are greedy, 290 00:18:25,240 --> 00:18:29,760 Speaker 1: developers are profiting, and the government must step in and 291 00:18:29,800 --> 00:18:34,680 Speaker 1: stop it all. His proposal expands and titans rent controls 292 00:18:34,720 --> 00:18:40,119 Speaker 1: across the entire city, limiting how much landlords can increase rent, 293 00:18:40,480 --> 00:18:47,320 Speaker 1: restricting market adjustments, and increasing penalties for owners who violate 294 00:18:47,400 --> 00:18:50,760 Speaker 1: what he describes as the new caps. Now, this is 295 00:18:50,800 --> 00:18:54,280 Speaker 1: all being celebrated by the radical left because they say 296 00:18:54,280 --> 00:18:59,080 Speaker 1: it sounds compassionate to voters, it sounds bold, it sounds 297 00:18:59,119 --> 00:19:04,639 Speaker 1: like someone finally doing something. But the economics don't respond 298 00:19:04,680 --> 00:19:08,760 Speaker 1: to those slogans at all. So what happens when government 299 00:19:08,880 --> 00:19:13,920 Speaker 1: caps prices? Economists are worried and warning that we've seen 300 00:19:13,960 --> 00:19:17,880 Speaker 1: this before, and they say that many are actually left behind. 301 00:19:18,400 --> 00:19:21,720 Speaker 1: Many hardworking people don't get the money they need. And 302 00:19:21,760 --> 00:19:25,480 Speaker 1: when you have these strict rent controls distorting the housing market, 303 00:19:26,000 --> 00:19:29,320 Speaker 1: it's a disaster for the free market and many people 304 00:19:29,359 --> 00:19:33,080 Speaker 1: that own those homes. Now, if landlords can't raise rents 305 00:19:33,119 --> 00:19:38,200 Speaker 1: to match rising costs, then they cut maintenance. If developers 306 00:19:38,280 --> 00:19:43,200 Speaker 1: can't make projects penciled out, they stop building. And if 307 00:19:43,200 --> 00:19:48,159 Speaker 1: investors fear political risk, what do they do? They pull capital. 308 00:19:48,800 --> 00:19:53,040 Speaker 1: If supply shrinks while demand stays high, then the shortage 309 00:19:53,119 --> 00:19:56,840 Speaker 1: and the price war actually worsens on the people that 310 00:19:56,920 --> 00:20:00,480 Speaker 1: need to help the most. Now, New York already a 311 00:20:00,520 --> 00:20:05,639 Speaker 1: housing supply crisis. The city needs more housing, not less, 312 00:20:06,280 --> 00:20:10,360 Speaker 1: But these aggressive rent controls can well do the complete 313 00:20:10,560 --> 00:20:16,000 Speaker 1: opposite and can behead construction at the exact moment when 314 00:20:16,119 --> 00:20:20,880 Speaker 1: more units are desperately needed. Now New York has already 315 00:20:20,880 --> 00:20:25,119 Speaker 1: experimented with versions of this new policy literally for decades 316 00:20:25,640 --> 00:20:30,320 Speaker 1: after the twenty nineteen rent law expansion, there was measurable 317 00:20:30,320 --> 00:20:36,120 Speaker 1: effect declining renovation of rent stabilized units, smaller landlords struggling 318 00:20:36,160 --> 00:20:41,920 Speaker 1: to refinance buildings, reduce investment in multifamily housing, and reports 319 00:20:41,960 --> 00:20:45,679 Speaker 1: of units being left vacant because upgrades no longer made 320 00:20:45,920 --> 00:20:51,000 Speaker 1: any financial sense at all, turning nice places into what 321 00:20:51,200 --> 00:20:56,440 Speaker 1: now is described as well slow lords. Reports of these 322 00:20:56,520 --> 00:21:00,280 Speaker 1: units being left vacant then cause crime to skyrocket, as 323 00:21:00,280 --> 00:21:05,520 Speaker 1: well as drugs to well infiltrate buildings, and when policymakers 324 00:21:05,640 --> 00:21:11,960 Speaker 1: tighten the screws further, those pressures actually intensified. Housing markets 325 00:21:12,000 --> 00:21:16,159 Speaker 1: are a fragile ecosystem. You can't squeeze one side without 326 00:21:16,240 --> 00:21:20,760 Speaker 1: consequences on the other. And the supply chain problem, well, 327 00:21:20,840 --> 00:21:23,280 Speaker 1: that's what no one wants to talk about in the 328 00:21:23,400 --> 00:21:28,280 Speaker 1: Mayor's office. New York's real crisis isn't simply greedy landlords. 329 00:21:28,520 --> 00:21:33,760 Speaker 1: It's simple math. Demand is enormous, The land is scarce, 330 00:21:34,000 --> 00:21:37,520 Speaker 1: construction costs are in an all time high, and regulations 331 00:21:37,560 --> 00:21:41,440 Speaker 1: are complex, making it cost even more to build. Also, 332 00:21:41,720 --> 00:21:44,720 Speaker 1: approval timelines in New York City are some of the 333 00:21:44,840 --> 00:21:49,440 Speaker 1: slowest in the entire country. Now, if you freeze prices 334 00:21:49,480 --> 00:21:52,880 Speaker 1: but don't increase supply, you don't solve the problem at all. 335 00:21:53,040 --> 00:21:58,320 Speaker 1: You create a massive housing shortage. And then that doesn't 336 00:21:58,320 --> 00:22:00,840 Speaker 1: help the working families mind dot. And he is claiming 337 00:22:00,880 --> 00:22:05,280 Speaker 1: he's helping, it actually pushes him into fewer available units, 338 00:22:05,840 --> 00:22:11,119 Speaker 1: longer waitless and deteriorating housing stock, as well as deteriorating 339 00:22:11,200 --> 00:22:15,439 Speaker 1: housing that is of quality standards that he claims he wants. 340 00:22:16,040 --> 00:22:21,399 Speaker 1: And when private investment retreats, government is rarely fast enough 341 00:22:21,880 --> 00:22:24,919 Speaker 1: or efficient enough to fill the gap. But here's the 342 00:22:24,960 --> 00:22:29,240 Speaker 1: political incentive. Democrats want to force people out of New 343 00:22:29,320 --> 00:22:32,840 Speaker 1: York City, especially those with money. And that's what this 344 00:22:33,000 --> 00:22:37,439 Speaker 1: is actually all about. It's really just rent control, and 345 00:22:37,480 --> 00:22:40,240 Speaker 1: it's rent control for them to help the people that 346 00:22:40,359 --> 00:22:44,840 Speaker 1: voted for them the most while hurting many others. The costs, however, 347 00:22:45,000 --> 00:22:49,640 Speaker 1: they unfold Gradually, Fewer new projects are announced, capitals shifting 348 00:22:49,680 --> 00:22:54,199 Speaker 1: to other states. Property values eventually decline. When you guessed it. 349 00:22:54,320 --> 00:22:58,919 Speaker 1: Crime skyrockets, and smaller landlords are forced to sell or 350 00:22:59,280 --> 00:23:04,240 Speaker 1: they default on what they already own. Infrastructure aging is 351 00:23:04,280 --> 00:23:07,879 Speaker 1: also a massive problem without reinvestment, and when there's no 352 00:23:08,200 --> 00:23:11,679 Speaker 1: incentive to reinvest in the property, well then you just 353 00:23:11,760 --> 00:23:16,440 Speaker 1: get bad, old aging properties and then eventually the prices 354 00:23:16,520 --> 00:23:19,280 Speaker 1: come down, but no one wants to live there anymore. 355 00:23:19,880 --> 00:23:24,040 Speaker 1: Those consequences don't show up in the campaign slogans of Mundani. 356 00:23:24,560 --> 00:23:27,800 Speaker 1: They show up five years later, after what they're doing 357 00:23:27,840 --> 00:23:32,200 Speaker 1: now becomes a reality, and then who gets hurt first? Ironically, 358 00:23:32,240 --> 00:23:36,000 Speaker 1: the exact people that rent control claims to protect often 359 00:23:36,200 --> 00:23:40,840 Speaker 1: fall to the unintended consequences. Renters struggling to find any 360 00:23:40,960 --> 00:23:44,240 Speaker 1: units to live in, new arrivals complete in an even 361 00:23:44,359 --> 00:23:49,000 Speaker 1: tighter market, and middle class families getting squeezed into uncontrolled 362 00:23:49,119 --> 00:23:54,480 Speaker 1: segments where prices can spike even faster. Buildings age faster 363 00:23:54,600 --> 00:23:58,360 Speaker 1: without those upgrades. And all of this has happened before, 364 00:23:59,080 --> 00:24:01,800 Speaker 1: so why is and Donnie getting away with it this time? 365 00:24:02,080 --> 00:24:06,040 Speaker 1: It's pretty simple. When you offer someone a cheaper bill 366 00:24:06,040 --> 00:24:09,480 Speaker 1: than what they're expecting to pay, people forget what happened 367 00:24:09,520 --> 00:24:13,440 Speaker 1: in the past. New York's housing market isn't just about apartments. 368 00:24:13,800 --> 00:24:18,200 Speaker 1: It's also tied to property tax revenue, pension fund investments 369 00:24:18,240 --> 00:24:21,080 Speaker 1: for many of the government workers that are in unions, 370 00:24:21,520 --> 00:24:26,760 Speaker 1: construction jobs that start to disappear, banking exposure to multifamily 371 00:24:26,840 --> 00:24:30,240 Speaker 1: loans which then people don't want to give, and neighborhood 372 00:24:30,359 --> 00:24:36,119 Speaker 1: revitalization that just disappears. If investment confidence drops, the ripple 373 00:24:36,160 --> 00:24:40,240 Speaker 1: effects spread very quickly, which brings us to the housing 374 00:24:40,359 --> 00:24:43,560 Speaker 1: downturn that they say they don't want. It no longer 375 00:24:43,600 --> 00:24:48,760 Speaker 1: stays isolated, but it cascades across all of New York City. Now, 376 00:24:48,840 --> 00:24:51,159 Speaker 1: if only there was a warning that this is going 377 00:24:51,240 --> 00:24:54,600 Speaker 1: to happen, Well, the warning has happened before, literally in 378 00:24:54,600 --> 00:24:57,800 Speaker 1: New York City. And the big question now for so 379 00:24:57,920 --> 00:25:00,760 Speaker 1: many voters in New York and outside or in fact 380 00:25:00,880 --> 00:25:03,760 Speaker 1: and the entire country, is this, we are at a 381 00:25:03,840 --> 00:25:07,520 Speaker 1: crossroads with ideas. Do you fall to the communist idea, 382 00:25:07,600 --> 00:25:11,199 Speaker 1: which is everyone that is successful or builds something or 383 00:25:11,240 --> 00:25:14,560 Speaker 1: grows something is somehow evil and it should be taken 384 00:25:14,600 --> 00:25:18,359 Speaker 1: from them, or it should be regulated, or their advancement 385 00:25:18,359 --> 00:25:22,600 Speaker 1: should stop. Should everything you do have government involvement? Now 386 00:25:22,640 --> 00:25:25,159 Speaker 1: New York is at a crossroads. Do they try to 387 00:25:25,200 --> 00:25:29,119 Speaker 1: control prices more aggressively by killing the market, or do 388 00:25:29,200 --> 00:25:34,439 Speaker 1: they focus on dramatically increasing supply. One approach is about freedom, 389 00:25:34,800 --> 00:25:39,920 Speaker 1: the other eliminates it. And as this continues to move forward, 390 00:25:40,320 --> 00:25:42,560 Speaker 1: the question that everyone should be asking is do you 391 00:25:42,600 --> 00:25:46,560 Speaker 1: really want the government to be in charge in what 392 00:25:46,600 --> 00:25:50,600 Speaker 1: you live, how you live, what rent you pay? Or 393 00:25:50,920 --> 00:25:53,840 Speaker 1: should we go back to the private sector and say 394 00:25:53,840 --> 00:25:57,920 Speaker 1: the private sector gets aside the price The people, by 395 00:25:57,960 --> 00:26:00,679 Speaker 1: the way, are the private sector. If I don't like 396 00:26:00,800 --> 00:26:04,080 Speaker 1: the price of rent, I have options. But when the 397 00:26:04,119 --> 00:26:07,240 Speaker 1: government gets involved, does it really help anything at all? 398 00:26:07,880 --> 00:26:11,479 Speaker 1: Probably not, based on what we know in history. So 399 00:26:11,560 --> 00:26:16,320 Speaker 1: here we are at the crossroads again with a socialist idea. Unfortunately, 400 00:26:16,440 --> 00:26:18,679 Speaker 1: there's a very good chance it's going to become another 401 00:26:18,760 --> 00:26:22,120 Speaker 1: disaster of the Democrats, and the question will be will 402 00:26:22,160 --> 00:26:26,280 Speaker 1: other cities pay attention, don't forget Share this podcast wherever 403 00:26:26,359 --> 00:26:28,080 Speaker 1: you can with your family and your friends, and I'll 404 00:26:28,080 --> 00:26:29,160 Speaker 1: see you back here tomorrow.