October 23, 2025 • 12 mins
JPMorgan Chase’s massive $3 Billion headquarters, the tallest all-electric skyscraper in New York City, is now open. Meanwhile, Jamie Dimon unites with the big Bank lobby to end Coinbase interest yields on stablecoins.
~This Episode is Sponsored By Coinbase~
 Buy $50 & Get $50 for getting started on Coinbase➜ https://bit.ly/coinbasePBN
00:00 Intro
00:06 Sponsor: Coinbase
00:25 JP Morgan $3 Billion Skyscraper
00:52 No Cockroaches?
01:32 Built on Fees
01:53 Executives Kiss Jamie's Ass
03:03 Paul Vomits Inside
03:19 People Voting For Zohran
03:45 Jamie Wants To Be More Corrupt
04:37 Bank Lobby is Massive
05:28 Banks vs Coinbase Yields
06:02 Fed Agrees With Banks
06:45 Fed Summit: Banks United Against Yields
08:04 We getting Rug-Pulled?
08:52 Eric Trump wants to kill banks
09:53 Banks vs DeFi
10:18 $RLUSD Yields
10:55 Ripple Bank License in 7 Days
11:29 Jamie vs Brad Garlinghouse
11:55 outro
#Crypto #bank #XRP
~Banks Unite Against Crypto Yields!😠$3 Billion Skyscraper Built on Fees!🔥~
⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺
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~ The Best Self Custody Wallet ➜ https://tangem.com/en/ Use Code PBN for Additional Discounts!
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~ Looking for the best tax havens for Crypto? Free Month with iTrust Capital ➜ Use PROMO CODE - PAUL BARRON https://rebrand.ly/PAULBARRON
~This Episode is Sponsored By Coinbase~
 Buy $50 & Get $50 for getting started on Coinbase➜ https://bit.ly/coinbasePBN
00:00 Intro
00:06 Sponsor: Coinbase
00:25 JP Morgan $3 Billion Skyscraper
00:52 No Cockroaches?
01:32 Built on Fees
01:53 Executives Kiss Jamie's Ass
03:03 Paul Vomits Inside
03:19 People Voting For Zohran
03:45 Jamie Wants To Be More Corrupt
04:37 Bank Lobby is Massive
05:28 Banks vs Coinbase Yields
06:02 Fed Agrees With Banks
06:45 Fed Summit: Banks United Against Yields
08:04 We getting Rug-Pulled?
08:52 Eric Trump wants to kill banks
09:53 Banks vs DeFi
10:18 $RLUSD Yields
10:55 Ripple Bank License in 7 Days
11:29 Jamie vs Brad Garlinghouse
11:55 outro
#Crypto #bank #XRP
~Banks Unite Against Crypto Yields!😠$3 Billion Skyscraper Built on Fees!🔥~
⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺
Join our community!
Diamond Circle Email (FREE)➜ https://bit.ly/pbnmembership
Private Telegram Group (FREE) ➜ https://t.me/+nISqoMxrok40NTcx
Subscribe on YouTube ✅ https://bit.ly/PBNYoutubeSubscribe
X/Twitter 📱 http://bit.ly/PBNtwitter
Get official PBN merch! ➜ https://merch.paulbarronnetwork.com/
~ The Best Self Custody Wallet ➜ https://tangem.com/en/ Use Code PBN for Additional Discounts!
~ The Best Crypto Exchange ➜ Coinbase, get up to $200 in crypto - coinbase-consumer.sjv.io/BARRON
~ Looking for the best tax havens for Crypto? Free Month with iTrust Capital ➜ Use PROMO CODE - PAUL BARRON https://rebrand.ly/PAULBARRON
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The banks are coming for your yields today and they're
building skyscrapers to the gods on top of you. Today.
We'll break it down. Let me thank our sponsor today,
and that is coinbase, where you can actually get some yields.
So go over to coinbase dot com use our link
down below. If you're a business or an individual, does
not matter if future money is here and you get
a bit of a bonus when you do sign up
and make your first trade. So get active in crypto
(00:22):
if you have not done it, what are you waiting on, guys? Well,
one thing that is happening right now out there in
the market. You would think we'd be out there earning trades,
doing business deals, all those kind of things, but instead
we got JP Morgan building new buildings. They have a
three billion dollar skyscraper that's opening up a twenty four
to seven coffee shop. I can't make this stuff up, guys.
(00:47):
Let me go to a clip that kind of explains
this and it ties in to crypto. So take a look, Katie.
You're there in the new shiny buildings. What do they
look like?
Speaker 2 (00:57):
And we assume hopefully no cockroaches to be found.
Speaker 3 (01:00):
It is big it is grant. I have not seen
any cockroaches. Ten thousand JP Morgan employees, will have sixty
store stories, and it will also have a pub on
the thirteenth floor that is called Morgan's.
Speaker 4 (01:14):
And if it has a gym, it has a pub,
if it has restaurants. It seems like you could live
your life in the new JP Morgan headquarters.
Speaker 3 (01:21):
And I don't think Jamie Diamond would necessarily be opposed
to that. Actually, right across the street now, they've planned
to spend a billion dollars renovating that building as well.
That will open in twenty twenty seven.
Speaker 1 (01:33):
If you look at Jamie Diamond's network, two point eight billion.
So again, this is all being built on fee structures
that are usually collected by these banks. Clearly they're making
a little bit of profit here. Let me go to
a clip. This goes into the extravagance around this building
and kind of this point of this is all about
Jamie Diamond. Take a look.
Speaker 2 (01:54):
Wow, JP Morgan, Really you Jamie demonstrated tram tremendous courage.
Speaker 4 (02:02):
Jamie, thank you.
Speaker 5 (02:04):
As Rob said, he was courageous. More importantly, his courage
is contagious. I'm usually scared of everything. The building of
this building was significant to us, but to him it's small.
In his achievements, he was generous with his time and effort.
Jamie was the spirit that illuminated the building. Jamie was
(02:25):
the de facto architect, and Jamie was and is the
de facto developer. If the banking thing doesn't pan out,
he'd make a great developer. He's selfless, selfless, He made
ego list decisions. He didn't have to move. He was
comfortable where he was. He gave this city back a
little swagger. This was not about him. He didn't want
(02:49):
it to be about him. It's about the future of
this firm. A patriot, the greatest CEO of the modern age,
mister Jamie Diamond, Thank you, Thank you.
Speaker 1 (03:04):
I don't know if I could step up after that.
I would have to probably leave on that one. But
here's what's happening in New York. When you think about
all of this pressure and the elites going a little
bit overboard. Here with this, we have the mayoral election
rolling in and it pretty much is a slam dunk.
And this of course is Zorn Mandani, who is going
(03:28):
to become the new mayor of New York and this
is the kind of thing that is pressured New Yorkers
into voting for Mundamis Now I want to go to
another clip. This will get into Diamond actually kind of
gas lighting us a little bit around being involved in
the government.
Speaker 4 (03:45):
Take a look, there's a New York City mayor race happening.
Speaker 6 (03:48):
What are your thoughts in Mandani for probably becoming the mayor.
Speaker 7 (03:54):
Oh, this is wrong. We're about to say JP Morgan
cannot get involved in local politics because we have pay
to play rules and multiple rules. By the way, and
I've asked my general counsel. I ask your all the time,
like doesn't that violate my First Amendment rights? And it's wrong.
There's something wrong with that. There's somehow I can't speak
up and I can't fight for what I believe in
(04:15):
New York City because we do business with the government.
It's a sick system and it's why we all question government.
If you're gonna make it a fight, make it a
fair fight.
Speaker 4 (04:25):
All right, you want fish topics, they'll let you offer.
Speaker 7 (04:27):
By the way, if he becomes mayor, I will call
him an or for my help. It may be the
ask for help in a way I refuse to do it.
Speaker 2 (04:34):
Love it.
Speaker 4 (04:34):
That is great leadership, Thank you. I think we need
more of that.
Speaker 1 (04:38):
Just so we're clear. They are involved a lot. And
if you look at the Bank Policy Institute, this is of
course one of the biggest lobbyists out there. You can
kind of see there's Jamie Diamond right there in the
middle of it. So they're already active. And let's not
forget that the ABA is also being supported the ABA,
you know those good guys, the American Bankers Association. They
want to take your yield from your cold dead hands.
(04:59):
We well, they're also involved in there. Mary Anne Lake,
who is the Consumer and Community Banking the over at
JP Morgan Chase involved as well on that board. And
we're continuing to go further into this because this is
all about yields, guys. This is about taking yields from
the crypto community who has been basically fighting for this
for the last multiple years, and we're finally at that
(05:20):
point where we can get these and they're now trying
to take the Genius Act and turn it inside out
so it appeases the bankers. Well, this is the bankers
talking about that very point. Take a look.
Speaker 8 (05:33):
I think we're making a great headway actually, and this
is not about re litigating something that's settled. This is
about ensuring banks continue to be in a position to
support their communities, and a detriment to that would be
allowing the likes of coinbase or crack in to pay
interest on payment stable coins. How do you feel, Jess,
(05:56):
I mean, there's lots of good mental.
Speaker 6 (05:59):
Questions here, Like I totally agree, who are these people's
This is a problem that I think is going to
continue to swelter, and it might be the issue that
we're dealing with on the Clarity Act right now, where
there's a lot of pressure going on both sides.
Speaker 1 (06:14):
We put out a tweet yesterday, this, of course, was
the Federal Reserve Governor Waller kind of talking about this
very point, and he was again talking about the banks
that you couldn't intermediate them, you couldn't dis intermediate the bank.
So this is not a security kind of scenario. This
is the FED talking this stuff now, guys, So I
(06:34):
get very upset about this. This of course goes a
little bit further. This is a clip on the FED
Crypto summit where banks were lobbying, lobbying to get these
yields dropped.
Speaker 2 (06:44):
Take a look, well, I should or shouldn't we have
regulated yield bank stable coins in the United States. Well,
the answer is we do.
Speaker 1 (06:51):
They're called tokenized money market funds.
Speaker 8 (06:53):
We think the Genius Act got it right.
Speaker 1 (06:55):
Paying out interest that obviously introduces more risk.
Speaker 4 (06:58):
At circles, always taking the position that it's a security, it's.
Speaker 2 (07:02):
Clear to me that the intention behind the law was
to prevent stable coins from earning interest. If stable coins
are allowed to pay interest, they pose a threat that
is equivalent to, but potentially far greater than money market
mutual funds did. We should just get about prohibiting people
from paying interests, whether they call it rewards or anything else.
Speaker 9 (07:25):
Right, the banking system is not at all ready for it,
like in New York is certainly one of the largest
institutions that's like the gold standard where and I don't
actually see like a use case today for like stable
coins in consumer wallets, because we also are having this
intersection of FED now that actually works today. Adoption isn't
(07:46):
that great, but that actually does exist.
Speaker 10 (07:49):
So I can almost guarantee you that when you open
the floodgates for people to get that type of yield
on the US dollar. I mean the you will go down,
but it'll still be high, so she'll be very high.
Speaker 2 (08:01):
It's good.
Speaker 6 (08:02):
It's good that I'm a moderator, not a panel.
Speaker 1 (08:05):
This is going to get really nasty, guys, because it
will put some pressure, I think, on the crypto markets
in general, because it will look as though you have
been rug pulled. I know I would feel that way.
And as we see right now being able to get
yields on USDC in almost every account out there. The
other likelihood is this starts to push things into DeFi,
which really kind of repositions the finance market anyway. The
(08:27):
only problem is that's going to be a slower uptake
versus being able to go into banks and get USDC
and yields on that.
Speaker 7 (08:33):
Now.
Speaker 1 (08:33):
I think this is a problem that the banks are
trying to understand and how to deal with it. They
are not ready, unfortunately, as usual, and that's where we
are right now. Well, Eric Trump has been fighting this
fight for a while, and here is a clip where
he's talking about these monopolies and how they're trying to
reposition against them.
Speaker 4 (08:52):
Take a look, why does a bank get to hold
my money and earn interest on it, you know, for
seventy two hours over the course of a weekend. Under
my father interest rates at the time, we're like two percent, right,
I mean, who wouldn't take two percent money from a bank?
And I'll never forget going through one hundred and twenty
days of know your customer with a bank that I
had been doing business with for twenty five years. The
battle I'd like to win against the big banks is
(09:12):
I'd like to see them gone in such a big way.
I would like to see them totally irrelevant. There's no
reason these big banks need ten thousand people in a
skyscraper with lavish executive offices. Guess who's paying all those expenses?
You and me know. Guess what they're paying an extra
one or two percent in terms of interest fees to
fund these buildings, to fund these antiquated systems, to fund
people pushing paper all over the country and all over
(09:35):
the world. It's not fair. And the virtual monopoly that
four or five banks have over all of America, I
think that's going to come crashing down in a very
large way. And it's coming. It's right there, and I
can see it with every aspect of my heart and soul.
I can see it right in front of me, and
we are going to win this race. The people who
believe in this right now, we are going to win
this race.
Speaker 1 (09:55):
I hope Trump is right in the point of you know,
they fight you, because this is the kind of the
scenario that has been played out here. We are dealing
with a very formidable foe here, and that is the
banking lobby, one of the largest and the most aggressive
when it comes to DC. The crypto lobby getting their
ground under them, but they're not there yet, and I
think this still has a lot of ways to go.
(10:16):
So it is going to push people into alternatives. One
of them will be DeFi. Here's a good example right
here over on Doppler RLUSD vaults available at what is
right now seven to ten percent coming soon. You've got
not only that, but you've got this playing into it
as well, where we are seeing ridiculous amounts of yield
(10:37):
being paid out there in DeFi. So this eventually becomes mainstream,
and once people understand it and they start to really
activate on it, you're going to see gen Z moving
this direction, I think in a big way, and that
I would agree with Eric Trump. There is that this
is just a matter of time. It all eventually changes.
One thing that I want to get to is this
(10:58):
scenario right here. This is the OCC review of Ripple's
banking license. The statutory deadline for the OCC this is
ending at the end of the month, so October thirty first,
that's when all this ends. Our October thirtieth, when all
this ends. And if you look at the statement here
is up on approval. Ripple could quickly operational operationalize the
Ripple National Trust Bank immediately, so this would be a
(11:21):
huge hit and begin to tear down these traditional banking
titans like a JP Morgan. And that's not where it stops.
This right here is one of the reasons JP Morgan
and brag carling House they got beef. Brad garling House
basically said JP Morgan coin would miss the point of crypto,
no one would use it in other banks. So clearly
(11:43):
Diamond is not a fan of Brad garling House. Neither
is Brad of Jamies. So this could get pretty tense
over the next little bit. Let's watch closely because we
are at the point right now where all of this begins.
You guys don't want to miss all of this here
on the show. Of course, the way you do that
is join the Diamonds Circle. Easy to do, click the
link down below, follow me on x at Paul Baron.
(12:03):
We'll catch you next time, right here on the Paul
Baron Show.
The banks are coming for your yields today and they're
building skyscrapers to the gods on top of you. Today.
We'll break it down. Let me thank our sponsor today,
and that is coinbase, where you can actually get some yields.
So go over to coinbase dot com use our link
down below. If you're a business or an individual, does
not matter if future money is here and you get
a bit of a bonus when you do sign up
and make your first trade. So get active in crypto
(00:22):
if you have not done it, what are you waiting on, guys? Well,
one thing that is happening right now out there in
the market. You would think we'd be out there earning trades,
doing business deals, all those kind of things, but instead
we got JP Morgan building new buildings. They have a
three billion dollar skyscraper that's opening up a twenty four
to seven coffee shop. I can't make this stuff up, guys.
(00:47):
Let me go to a clip that kind of explains
this and it ties in to crypto. So take a look, Katie.
You're there in the new shiny buildings. What do they
look like?
Speaker 2 (00:57):
And we assume hopefully no cockroaches to be found.
Speaker 3 (01:00):
It is big it is grant. I have not seen
any cockroaches. Ten thousand JP Morgan employees, will have sixty
store stories, and it will also have a pub on
the thirteenth floor that is called Morgan's.
Speaker 4 (01:14):
And if it has a gym, it has a pub,
if it has restaurants. It seems like you could live
your life in the new JP Morgan headquarters.
Speaker 3 (01:21):
And I don't think Jamie Diamond would necessarily be opposed
to that. Actually, right across the street now, they've planned
to spend a billion dollars renovating that building as well.
That will open in twenty twenty seven.
Speaker 1 (01:33):
If you look at Jamie Diamond's network, two point eight billion.
So again, this is all being built on fee structures
that are usually collected by these banks. Clearly they're making
a little bit of profit here. Let me go to
a clip. This goes into the extravagance around this building
and kind of this point of this is all about
Jamie Diamond. Take a look.
Speaker 2 (01:54):
Wow, JP Morgan, Really you Jamie demonstrated tram tremendous courage.
Speaker 4 (02:02):
Jamie, thank you.
Speaker 5 (02:04):
As Rob said, he was courageous. More importantly, his courage
is contagious. I'm usually scared of everything. The building of
this building was significant to us, but to him it's small.
In his achievements, he was generous with his time and effort.
Jamie was the spirit that illuminated the building. Jamie was
(02:25):
the de facto architect, and Jamie was and is the
de facto developer. If the banking thing doesn't pan out,
he'd make a great developer. He's selfless, selfless, He made
ego list decisions. He didn't have to move. He was
comfortable where he was. He gave this city back a
little swagger. This was not about him. He didn't want
(02:49):
it to be about him. It's about the future of
this firm. A patriot, the greatest CEO of the modern age,
mister Jamie Diamond, Thank you, Thank you.
Speaker 1 (03:04):
I don't know if I could step up after that.
I would have to probably leave on that one. But
here's what's happening in New York. When you think about
all of this pressure and the elites going a little
bit overboard. Here with this, we have the mayoral election
rolling in and it pretty much is a slam dunk.
And this of course is Zorn Mandani, who is going
(03:28):
to become the new mayor of New York and this
is the kind of thing that is pressured New Yorkers
into voting for Mundamis Now I want to go to
another clip. This will get into Diamond actually kind of
gas lighting us a little bit around being involved in
the government.
Speaker 4 (03:45):
Take a look, there's a New York City mayor race happening.
Speaker 6 (03:48):
What are your thoughts in Mandani for probably becoming the mayor.
Speaker 7 (03:54):
Oh, this is wrong. We're about to say JP Morgan
cannot get involved in local politics because we have pay
to play rules and multiple rules. By the way, and
I've asked my general counsel. I ask your all the time,
like doesn't that violate my First Amendment rights? And it's wrong.
There's something wrong with that. There's somehow I can't speak
up and I can't fight for what I believe in
(04:15):
New York City because we do business with the government.
It's a sick system and it's why we all question government.
If you're gonna make it a fight, make it a
fair fight.
Speaker 4 (04:25):
All right, you want fish topics, they'll let you offer.
Speaker 7 (04:27):
By the way, if he becomes mayor, I will call
him an or for my help. It may be the
ask for help in a way I refuse to do it.
Speaker 2 (04:34):
Love it.
Speaker 4 (04:34):
That is great leadership, Thank you. I think we need
more of that.
Speaker 1 (04:38):
Just so we're clear. They are involved a lot. And
if you look at the Bank Policy Institute, this is of
course one of the biggest lobbyists out there. You can
kind of see there's Jamie Diamond right there in the
middle of it. So they're already active. And let's not
forget that the ABA is also being supported the ABA,
you know those good guys, the American Bankers Association. They
want to take your yield from your cold dead hands.
(04:59):
We well, they're also involved in there. Mary Anne Lake,
who is the Consumer and Community Banking the over at
JP Morgan Chase involved as well on that board. And
we're continuing to go further into this because this is
all about yields, guys. This is about taking yields from
the crypto community who has been basically fighting for this
for the last multiple years, and we're finally at that
(05:20):
point where we can get these and they're now trying
to take the Genius Act and turn it inside out
so it appeases the bankers. Well, this is the bankers
talking about that very point. Take a look.
Speaker 8 (05:33):
I think we're making a great headway actually, and this
is not about re litigating something that's settled. This is
about ensuring banks continue to be in a position to
support their communities, and a detriment to that would be
allowing the likes of coinbase or crack in to pay
interest on payment stable coins. How do you feel, Jess,
(05:56):
I mean, there's lots of good mental.
Speaker 6 (05:59):
Questions here, Like I totally agree, who are these people's
This is a problem that I think is going to
continue to swelter, and it might be the issue that
we're dealing with on the Clarity Act right now, where
there's a lot of pressure going on both sides.
Speaker 1 (06:14):
We put out a tweet yesterday, this, of course, was
the Federal Reserve Governor Waller kind of talking about this
very point, and he was again talking about the banks
that you couldn't intermediate them, you couldn't dis intermediate the bank.
So this is not a security kind of scenario. This
is the FED talking this stuff now, guys, So I
(06:34):
get very upset about this. This of course goes a
little bit further. This is a clip on the FED
Crypto summit where banks were lobbying, lobbying to get these
yields dropped.
Speaker 2 (06:44):
Take a look, well, I should or shouldn't we have
regulated yield bank stable coins in the United States. Well,
the answer is we do.
Speaker 1 (06:51):
They're called tokenized money market funds.
Speaker 8 (06:53):
We think the Genius Act got it right.
Speaker 1 (06:55):
Paying out interest that obviously introduces more risk.
Speaker 4 (06:58):
At circles, always taking the position that it's a security, it's.
Speaker 2 (07:02):
Clear to me that the intention behind the law was
to prevent stable coins from earning interest. If stable coins
are allowed to pay interest, they pose a threat that
is equivalent to, but potentially far greater than money market
mutual funds did. We should just get about prohibiting people
from paying interests, whether they call it rewards or anything else.
Speaker 9 (07:25):
Right, the banking system is not at all ready for it,
like in New York is certainly one of the largest
institutions that's like the gold standard where and I don't
actually see like a use case today for like stable
coins in consumer wallets, because we also are having this
intersection of FED now that actually works today. Adoption isn't
(07:46):
that great, but that actually does exist.
Speaker 10 (07:49):
So I can almost guarantee you that when you open
the floodgates for people to get that type of yield
on the US dollar. I mean the you will go down,
but it'll still be high, so she'll be very high.
Speaker 2 (08:01):
It's good.
Speaker 6 (08:02):
It's good that I'm a moderator, not a panel.
Speaker 1 (08:05):
This is going to get really nasty, guys, because it
will put some pressure, I think, on the crypto markets
in general, because it will look as though you have
been rug pulled. I know I would feel that way.
And as we see right now being able to get
yields on USDC in almost every account out there. The
other likelihood is this starts to push things into DeFi,
which really kind of repositions the finance market anyway. The
(08:27):
only problem is that's going to be a slower uptake
versus being able to go into banks and get USDC
and yields on that.
Speaker 7 (08:33):
Now.
Speaker 1 (08:33):
I think this is a problem that the banks are
trying to understand and how to deal with it. They
are not ready, unfortunately, as usual, and that's where we
are right now. Well, Eric Trump has been fighting this
fight for a while, and here is a clip where
he's talking about these monopolies and how they're trying to
reposition against them.
Speaker 4 (08:52):
Take a look, why does a bank get to hold
my money and earn interest on it, you know, for
seventy two hours over the course of a weekend. Under
my father interest rates at the time, we're like two percent, right,
I mean, who wouldn't take two percent money from a bank?
And I'll never forget going through one hundred and twenty
days of know your customer with a bank that I
had been doing business with for twenty five years. The
battle I'd like to win against the big banks is
(09:12):
I'd like to see them gone in such a big way.
I would like to see them totally irrelevant. There's no
reason these big banks need ten thousand people in a
skyscraper with lavish executive offices. Guess who's paying all those expenses?
You and me know. Guess what they're paying an extra
one or two percent in terms of interest fees to
fund these buildings, to fund these antiquated systems, to fund
people pushing paper all over the country and all over
(09:35):
the world. It's not fair. And the virtual monopoly that
four or five banks have over all of America, I
think that's going to come crashing down in a very
large way. And it's coming. It's right there, and I
can see it with every aspect of my heart and soul.
I can see it right in front of me, and
we are going to win this race. The people who
believe in this right now, we are going to win
this race.
Speaker 1 (09:55):
I hope Trump is right in the point of you know,
they fight you, because this is the kind of the
scenario that has been played out here. We are dealing
with a very formidable foe here, and that is the
banking lobby, one of the largest and the most aggressive
when it comes to DC. The crypto lobby getting their
ground under them, but they're not there yet, and I
think this still has a lot of ways to go.
(10:16):
So it is going to push people into alternatives. One
of them will be DeFi. Here's a good example right
here over on Doppler RLUSD vaults available at what is
right now seven to ten percent coming soon. You've got
not only that, but you've got this playing into it
as well, where we are seeing ridiculous amounts of yield
(10:37):
being paid out there in DeFi. So this eventually becomes mainstream,
and once people understand it and they start to really
activate on it, you're going to see gen Z moving
this direction, I think in a big way, and that
I would agree with Eric Trump. There is that this
is just a matter of time. It all eventually changes.
One thing that I want to get to is this
(10:58):
scenario right here. This is the OCC review of Ripple's
banking license. The statutory deadline for the OCC this is
ending at the end of the month, so October thirty first,
that's when all this ends. Our October thirtieth, when all
this ends. And if you look at the statement here
is up on approval. Ripple could quickly operational operationalize the
Ripple National Trust Bank immediately, so this would be a
(11:21):
huge hit and begin to tear down these traditional banking
titans like a JP Morgan. And that's not where it stops.
This right here is one of the reasons JP Morgan
and brag carling House they got beef. Brad garling House
basically said JP Morgan coin would miss the point of crypto,
no one would use it in other banks. So clearly
(11:43):
Diamond is not a fan of Brad garling House. Neither
is Brad of Jamies. So this could get pretty tense
over the next little bit. Let's watch closely because we
are at the point right now where all of this begins.
You guys don't want to miss all of this here
on the show. Of course, the way you do that
is join the Diamonds Circle. Easy to do, click the
link down below, follow me on x at Paul Baron.
(12:03):
We'll catch you next time, right here on the Paul
Baron Show.
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