I like Rick, however, I think he is downplaying what's going on at the central bank level. I think Versan and Vandells research is accurate on the dollar and xrp. The politicians and central bankers are NOT incompetent. That's nonsense!
I'm not so sure that a competence in building a house of cards higher and higher for a long relative time, a house of cards that holds a promise of certainty in its catastrophic failure, is actually competence in any larger sense. Rick speaks purely to this.
I find it quite baffling that the people/experts on financials that you have on your show are almost oblivious of what we all think is just around the corner.
Most became successful in what we understand as the legacy system. Access to information has become so easy to regular people those “experts” tend to be stuck within the old paradigm of doing things. Young and savvy are more aware. #newgeneration
Excellent discussion. I so appreciate the expertise and research you bring to the table when you talk with guests such as Rick. Thank you for sharing this! ❤
I had to wait a little bit to get the time to watch (very busy week), but I was so looking forward to it as I always do. Rick Rule is a big deal. I don't know how you connected with him but very impressive. The interview/conversation was amazing. I saw your comment about views at the 9-hour mark. I agree and I don't understand other than some kind of suppression has to be going on. Nearly everyone serious in the DA space and many even beyond watch you guys and talk great things about your work. Hang in there. Your videos ARE getting out. Word of mouth is spreading. It may seem like it's going slow, but I have no doubt your energy and time will pay off and you will take off very soon. God Bless. 🙏🏽❤
I appreciate hearing different view points, however like you I feel that the financial system collapse is by design and not through incompetence. Those politicians in congress or parliament are not the ones making decisions, they are only following orders.
This chat reminds me of the Gary Cardone interview. These guys seem to think the people in control are stupid and the systematic decline of the financial system is just the result of incompetence. I don’t agree with this sentiment and it begs the question why these hyper successful people aren’t able to dig a little deeper for a lack of a better terminology..Great stuff as always though gentleman💯👍🏻
Great interview....but what I don't understand is how most of the smartest people in finance don't know or have very little understanding about Ripple or XRP......it doesn't make sense. I am no where near the smarts of these people, but understand the value of holding some Gold and Silver as well as XRP + a few others......is it because they are financially comfortable that they caught in a bubble. I'm looking into every avenue possible to break free from daily routines. Have some of the smartest people in the world been told to say .....I don't really know much about XRP....... Whhhhhat !, how could they not know, it must come up in their daily networking. Love to hear one person say, yes I know all about it.... Today's world.. seriously, really..
I feel the exact same way. The elites are telling us what they are going to do, we just don’t listen or it’s like people can’t wrap their head around what’s coming so they ignore it. I’ve been stacking gold silver XRp and food
I combined all my wallets for this reason. Would be an effective way to price out retail. More than 75% of XRP wallets hold less than 500. Those who figure it all out early will be rewarded, just my opinion
@@timretzer867 Indeed and I’ll do the same, most likely. Someone else mentioned a Quora response from David Schwartz that discusses this issue a bit. One can delete their wallet for the cost of 2 XRP, move the balance to an exchange, and sell it. Another option being discussed are lite wallets with fewer options and a lower reserve. So, to be your own bank, lend out your XRP, etc., you need to be north of the max reserve of 4294.
@@DanielSmithDZSExactly. That worries me, because through consensus they lead the wallets to have a minimum of 4294 to have a wallet in the ledger they can get rid of a large part of the retail holders because their funds would be blocked and the only way to get it out is closed. your wallet and you lose a large amount of what you had there... it would be a very dirty move but you can expect anything from large entities.
@@BlackSwanCapitalist Do you guys ever do meet ups around the Houston area(I’m in Katy, TX)? I’m not looking for coaching or financial services, but I would like to buy you a drink or three and shake hands with y’all and say hello. Just throwing it out there. 🤷♂️ 👊🏻
Can someone explain why there is so much talk about banks using XRP for cross border payments? The purpose of my asking is when researching it's become evident that whilst there are banks working with Ripple, it does nkt translate that they are using XRP for crosss border payments. Example. Santander Spain, Santander USA are not using XRP. Neither is HSBC. Why is this misinformation so widely spread? Ps I hold XRP.. Just seeking an explanation.
I'm starting to think that he knows something that he cannot disclose yet. Versan offered to provide him with evidence and proof that support BSC point of view. Yet, Rick seems to be in denial the whole time, it's weird.
Never heard of XRP. Would I trade my physical gold for it? Not a chance. I admire Rick Rule's admission that he doesn't understand it. There's nothing to understand, that's why he doesn't understand it. The entire premise of crypto is built upon a confidence game supported by electrons swirling around out in the either. Beats me what differentiates that from fiat-based deficit spending, that also relies on confidence in an electronic system that is unsustainable.
I caught this. He stated he specifically noted the interest that BIS has with xrp and he doesn't want to comment on the technology because he's a lender. These people know what's happening and want to play dumb. His goal from that statement alone tells me he wants people out there not trying to do what he do but to stay locked in this system: own nothing and be happy. Fortunately we see the truth.
it would be fantastic as well researched as you guys are to do a video response or touch the basics on crypto bellweather's newest video he did on xrp and Schwartz. im very curious to see how you think on what he is saying!!
Do u think we are going back to physical gold standard? I think not. The whole world economy is too large to go back to gold standard. I mean not too long ago they found a shiet load of gold in Africa and in South America. Will this not crash the world economy if all of a sudden another country finds tons of gold if we are gold backed?…. Why not DIGITAL GOLD where it has already been pre mined? We basically just need to put a price to it. Calculating the annual growth of economy and the burn rate to last the next 120 years?
I agree with Ric that it’s not in politicians. best interest to have our economy running on a gold standard. Which is why I believe that they will have no choice in the matter because God is going to step in and crash their system and institute His system, a gold silver standard.
One thing u and I know. XRP is decentralised. Worst case scenario they’re will be black market to sell it and those who will buy it apart from government
The penny has finely dropped...or has his rich friends just found out that the entire gold/stock market is in the process of being digitalised. As such there is no point holding the real stuff any more.
Politics - poly-ticks - MANY ticks. Tic-tac-toe...... game...... three-in-a row.... 3 - Trinity = True Power. Mind, body, Soul complex/structure - 3. Made in the (iam) image...... wIN.... IN....withIN...... WIN by making this 3 part structure your FOUNDatioIN withIN. ✨️
@@BlackSwanCapitalist I DON'T INVEST MY MONEY IN A PONZI SCHEME FOR DONATIONS IF XRP BTC ETH OR ANY OF THEM ARE GOING TO 1 MILLION DOLLARS 💸 FOR ME IS 0 VALUE
Disappointing that you didn’t question your guest further when he made the statement that he still thinks that US dollar is going to be the de facto form of settlement in the future, all you said was interesting point. It’s too bad. David wasn’t there to join this conversation because as you well know, he thinks that the future form of settlement is going to be agnostic. So two is point about China having a trade deficit and not wanting more vodka so he suggesting that they want US dollars instead, that’s really ridiculous, you are adults having a conversation are you afraid of hurting his feelings perhaps you could’ve done him a favour to inform him other more likely options with digital assets and block chain technology like with XRP and how they will have a solution for trade deficit issues Unfortunately I don’t expect that. I will get a reply from you or anybody on this channel agree lol if someone doesn’t think I have a valid point then say so.
There's only so much time we can take with these gentlemen and we don't need their take on topics we already know the answer to, this is just for the sake of discussion for the audience lol
I like Rick's point of view, but he like most, is missing the bigger picture if you will. To downplay the Central Banks position on gold and the falling strength of the dollar is alarming. To eliminate the US debt with gold, the price per ounce needs to be somewhere around $27K Unfortunately a lot of people are going to be caught with their pants down when the stuff hits the fan. Rick will be OK...
I wish taylor and travis would buy the 400 billion xrp tolens the executives keep dumping into the market to pay their salaries and keep the doors open. . How about you?
Right! When I see these guests doing this whole thing where they undermine crypto's existence, I automatically think they are lying, then assume they're lying about other things! Some of these people aren't small fry's in the financial realm. They know more than they let on.
