Blockchain Revolution: How Digital Assets Are Reshaping Finance

Hey, welcome back.

David Strezeski here with FinTech TV.

So excited to have David Brat with me here today, longtime contributor to the War Room with Steve Bannon going years back.

So, uh, Dave, I'm really excited to have you here on FinTech TV Money 2020.

Uh, you know, FinTech TV is about digital assets.

Uh, we want to bring the right voices out, emphasize the right leaders of the future as we're seeing. the world change we want to bring the right understanding to this.

So FinTech TV we we often interview many people and so excited to have you here from Liberty University.

No, thank you and thanks for doing the we just did an earlier piece on Liberty University and some big ideas, uh, but I want you to share with, uh, Steve Bannon and RAV Real America's Voice and the rumble crowd we have.

It's a few million people.

Uh, tell them what's.

Going on in this defy movement and why the kids are so excited about it and the crypto piece, how does that all work together, uh, kind of as an independence movement in the realm of finance?

You know, I think as far as like young people go, they, they see paper money and the idea of, of, uh, a wire doesn't go after 5 p.m. just doesn't make sense to me.

Uh, additionally, I think that we've seen banks be bailed out.

Time and time again and then also now with the new thing that's occurred here with Russia and we froze the money through the SWIFT system that the, the world is changing rapidly and so, um, you know, blockchain technology is designed to be decentralized, uh, independent in, in the way that you are going to be protected, your information protected, not going to be, you know, hacked.

It's not gonna be counterfeiting and ultimately it's going to provide more efficient and effective ways of doing.

You know, like average everyday things, and so we might think of it as money, but we also should think about it as the algorithms of the future.

You think about how your cell phone is connected with the, the ability with all these apps, the ability to do the internet, the ability to make a phone call and a text.

It's a lot of different algorithms and things that are coming together and say what blockchain technology ultimately represents right now is the future of how these things are coming together.

So that's a it's you brought up.

They, they, I think you're bringing up the '08 uh bailout, the, the biggest financial crisis of our day and Bannon and the war, he, he says that was the launching pad of, you know, kind of the, the freedom movement, the Tea Party movement.

Uh, the, the move against, you know, and, and, and the US Treasury Secretary Bassett right now who says it straight out, he says, Hey, Wall Street, you had your turn.

Now it's time for Main Street.

And so how is it?

That Fintech TV and the Bitcoin piece and all that plays into and and the blockchain technology plays into that uh why would why won't that happen again or be as likely to happen again?

Well, the system has so much leverage in it right now that things just kind of get out of control.

In fact, just recently the banks were able to lower their.

Reserve requirements once again because the Fed's not dropping rates in a way that's fast enough so ultimately Powell allowed him to go deeper into debt with fewer uh uh reserves so blockchain is one for one in fact so you've got somebody that you want to send the money to or let's just say that we don't even want to buy a piece of real estate, you know, you and I like each other, but we don't even have to like each other.

You know, I've got a house.

There's property that's involved.

What we're gonna have is a clean exchange and ultimately web 3 is gonna be able to put together the mortgage component on this.

It's gonna get the utilities components in the unreal.

And so then once we integrate that with AI is gonna be able to make things more efficient and effective, ultimately, we, uh, we have a real system that's going to.

I don't know, it's just gonna be a lot more efficient.

We the the world is just like opening up right now.

So anyone who thinks that they know exactly where it's going, they don't, uh, but I think that there are a number of things that we can ultimately say, and that is that, you know, if you're looking at uh inflation, if you look at Argentina, 20 to 30%.

Right, uh, you know, you get your paycheck at home, you buy some groceries.

What are you gonna do?

You're gonna put it in gold, you're gonna put it in Bitcoin, you're gonna put it in USD.

But by the way, the United States dollar is down about 10% this year.

And so if we're gonna be manufacturing at home, I think it's even got to come down further.

And so I, I know.

When Biden was in office, we had aggregate inflation of 20% over those four years, a sign in one year and then the rest, so 20% and people don't know, it's, it's not only the price of bread in your groceries, your 401k now is 20% light on the purchasing power, and that's this revolution you're talking about it.

We'll close up this segment because I'm gonna share this.

I hope the the war room plays this to showcase what you guys are doing, uh, but what would be your message to real America's voice crowd, uh, Steve Bannon, President Trump listens to this show quite a bit.

What would you say to the president about this movement?

Well, President Trump knows everything they're about a lot of say, right?

So he's, he's, he's getting into Bitcoin right now.

Uh, a couple of things that I would note about Bitcoin specifically is that it's very scarce.

Um, we've bed almost 20 million of the 21 million possible coins.

Now what's amazing is every 4 years the system becomes more efficient and it, and it releases less when you solve the blockchain challenges.

OK.

There's about 100 years left to mine that last million.

So.

There's not that many left, OK?

And so, uh, what we don't recognize today is that, is that this is actually real.

It's coming forward.

These are real assets that are going to be here for the future.

And so you're looking at more efficient systems like Ripple or XRP for transferring money across borders in larger amounts.

Uh, Stellar, uh, is, is a company that can do smaller amounts, uh, banks are using this like gold or as a.

Reserve for their loans right now.

They're already doing that.

Yeah, absolutely.

So you can hold them on your balance sheet.

That's no longer a negative because of some of the things that have just been passed and also the stablecoin legislation gives us the ability to put new assets underneath the stable.

And by the way, I personally believe that we're going to see in-round assets on federal lands gold, silver, platinum, palladium, the 26 primary elements that could be added to a basket and you can say, hey, let's add this to the strategic wealth reserve of our nation.

President Trump, let's give Steve Bes Scott Besson, the ability to use this for a strategic wealth reserve and ultimately balance out the books here of that $37 trillion that you just mentioned.

I know, man.

That's huge.

So this is, uh, this is where I believe that the future is going, but it's going to be a more efficient way of doing things.

2% for every transaction is pretty expensive.

A lot of grocery stores and things are having struggles with it, so we've got to find ways to give more money back to the average family.

And what blockchain technology gives us the ability to do is keep what we have but also make systems more efficient that we can bring the prices down because that inflation you mentioned a little bit earlier is out of control and it's destroying paycheck to paycheck America and we have to get to the bottom of this stuff quickly and efficiently and I can tell you right now I'm personally a part of some projects that are actually going to be integrating and doing some of those things, including at the grocery store.

Thanks for what you guys do give the war room your.

How do they get a hold of you guys?

Yeah, hey, you can find us on uh FinTech TV.

We're actually the Truth Plus business outlet channel, and so we've got news coming to you every day.

You can see us in the, uh, uh, in the airports.

You can see us, uh, in the hotel rooms all over the place.

And so over 50 million people are watching us regularly. wow, congratulations, brother.

Thanks for sharing liberty and, uh, the ideas.

Great.

Pleasure is mine.

Thanks for having me.