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Capital controls are coming and actually they're already in the US right now you might have not have noticed it but I'm going to point it out plus we have really good news overseas on the developments of crypto over there as well but first always like And subscribe and check us down below for our CT Club where we get our trade alerts portfolio updates and you get to see what we are getting into what different altcoins we are getting to we've gotten into many low cap coins okay so we have Cameron Winklevoss first First Republic Bank is down another 35 percent and falling fast this is on Friday if this was a crypto Bank it would have been assassinated weeks ago the fact that this hasn't been taken into receivership just shows how blatant the double standard is I totally agree and keep in mind there's a reason why the US doesn't want crypto in the United States they it's a complete competitor to their coming digital currency if you know what I mean all right next we have Raul Paul now keep in mind I don't agree with everything Raul Paul says he's made some bad calls but so have we all okay but this is a really good tweet that he says slowly but surely the US is imposing Capital controls on its citizens it's hard for U.S Nationals to open foreign bank accounts as most won't take them due to onerous restrictions like facta and now the US is slowly trying to close the crypto on and off ramp tube now keep in mind you probably know Heidi and I have already renounced our U.S citizenship this is one of the reasons because I can attest to this it was incredibly difficult to open up bank accounts across the world why would that be well including facta right pretty much what happens is they say to Banks if you have over a certain amount of money in a bank you need to report that and the bank needs to report it too so the person the customer and the bank needs to report what you hold if you don't report that the bank can get creamed like a huge fine actually probably more than what the customer would even put in so they just don't want to deal with U.S citizens anymore it's really unfortunate but yeah it's going to get worse and worse this is a form of capital controls okay but the good news is there's crypto friendly Nations abroad okay I'm going to get into some of these so Taiwan is going to allow traditional Banks to offer crypto trading services so they see the void that's happening right now due to the U.S and now they're going to take advantage of it and also Hong Kong as well Hong Kong sees an uptick in fund managers upgrading licenses to handle more crypto this is pretty impressive this means that they're essentially giving Open Arms to the crypto space you're going to see so much talent and Innovation fleeing the West to the east essentially and it's it's cyclical guys like this happens from time to time in different Empires okay now I'm going to go over Ray Dalia what he has to say keep in mind I don't like Ray dalio his new book was is is interesting but it's it's nothing new okay and keep in mind this guy has over about a hundred people if you read his latest book The Changing World Order um the first couple pages of it or the first 20 pages of it pretty much talks about like how he got to where he's at and also who works for him so he hires very smart educated people to help him find new and emerging Trends so that he can hop on it to be the first or near the first right this is Bridgewater for you how did he miss crypto because he says I don't understand why people are more inclined to go to bitcoin than gold so he this is really interesting keep in mind he is an old Financial dinosaur no disrespect to the guy he's made his money on Fiat on debt right we are making our money on crypto on decentralized platforms right that we can actually hold our own keys that we don't have to trust any third party to hold our coins for us right he doesn't understand this and it's amazing that all these people working for him don't doesn't understand that either I think what happened also he missed the boat big time and so he's like well shoot I have all this gold and bitcoin's freaking digital gold here so what do I do here because he can't sell it all off right so yeah he's kind of stuck and you know what that's why I've been saying for years now that you're going to see a new round of financial billionaires and so on through crypto and the people that are getting really rich right now are the people that aren't necessarily involved with government and are actually pretty anti-government as well so it's going to be interesting uh dichotomy what happens with this so anyways that's very bullish in my opinion I think we have a long way to go in the crypto space that's all please like And subscribe and I'll talk to you guys soon
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