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Stocks plummeted Monday as markets Worldwide reckoned with Friday's jobs Report last week we have never been down A thousand points ever not even intraday On the nasda this is my fourth Presidential election at the FED we Never use our tools to support or oppose A political party a politician or any Political outcome World War III Emergency Fed rate cut something we Haven't seen since March 2020 this is What markets are discussing today as Everything is in the red and I mean Everything Microsoft Google meta and of Course cryptocurrencies have taken and Been decimated by the announcements Coming out of course from the jobs Report and Japan raising their interest Rates and crashing by over 12% today Bitcoin even touched $49,000 with Ethereum touching $2200 at one point Here's of course what Wharton's Professor seagull believes is about to Happen at the Federal Reserve take a Listen uh yeah Absol absolutely and you Know this may surprise be I'm calling For 75 basis point emergency cut in the FED funds rate with another 75 basis Point cut indicated for next month at The September meeting um and and that's Minimum the FED funds rate right now Should be somewhere between you know Three and a half and 4% let me give you Very simple logic of my position here at
The June meeting the FED has said that The long run fed funds rate when Inflation reached 2% and unemployment Has come up to 4.2% should be 2.8 that's the normal 2.8 Is the normal Fed funds rate well on Friday we blew it across the employment Number we're at 4.3 that even argues for A lower one now as far as inflation We're at 2 and a half% we've gone down 90 % towards the Target on the inflation Rate we' we've overshock the Target on The employment those are the two Targets Explicitly mentioned by the Federal Reserve and that is exactly what the Federal Reserve is looking to follow Right now I don't necessarily agree with Seagull in this sense that we're going To get an emergency fed interest rate Pivot a lot of people are praying and Expecting the feds to come out and Decide to cut those interest rates by Maybe even 50 if not 75 basis points Today magically saving and proping up This Market but I got news for you guys We have to break down why these markets Are falling in the first place which of Course is because of the pressure from Japan and the interest rate cuts and the Federal Reserve keeping interest rates At a high pace for such a long period of Time on top of this you have Warren Buffett sold Apple Tesla in Nvidia and That alone causes more angst investor
Saying what does he know this is Somebody that has met with President Biden this is somebody who has advised This current Administration and after Advising them months and months if not Years ago at this point stepping into That white house has been selling off His stocks more than ever is there a Reason why he is stockpiling so much Cash that is what we're talking about Today so first let's start off with the Economic calendar what I believe Jerome Powell is going to do is not immediately React to this Market he's not going to Decide because of one job data report to Pivot by 75 basis points this is Somebody who has been standing to his Word the entire last four years and in Fact technically since four Administrations ago as he mentioned and So what I'd be focusing on is going to Be the red bars here but specifically What's happening in the United States Not in Europe not in Australia but What's happening in the US so what I Actually be paying attention to is next Tuesday which we're going to get our Producers price index month over month And year over-year as well as on Wednesday the biggest data report is Going to be the Consumer Price Index you Can see it is massively read on the Economic calendar because this is going To have a major impact on the fed's
Decisions coming late September the feds Pivot in these markets guys not because They want to or because they have a soft Landing or because inflation is Magically transitory it's because Something generally breaks they need to See not just one data report that shows Cracks in that surface especially in the Employment Data before they decide to Cut their interest rates in this case Whether it's 50 or 75 basis points I am In the category of 50 basis points but We could see a 75 Point reduction in September if data continues to be Persistent with what we saw last week With the jobs data and all I have to Show you guys is this historically You're going to get at least a minimum Of a 27% pullback in these markets Specifically we're looking at the S&P 500 Index when the feds do pivot during A major correction like this so we've Seen historical levels of interest rate Hikes over the last few years because of Covid-19 now we might see historical Reductions due to covid-19 in the money Printing I would pay attention to where We're currently sitting and if we look At the NASDAQ we're only down roughly About 15 16% on the NASDAQ and on the S&P 500 we are roughly only down 10% on These markets now the market conditions That we're in are different you can see On the weekly we're actually coming down
Quite heavily on The Daily here we're Now in the oversold territory I would Not be surprised if markets overstated This if markets looked at what happened Over the last weekend with Japan of Course the tensions in Israel and Iran In the Middle East them responding to Saudi Arabia saying hey we don't care Anymore we're going to pursue this and Of course the speculation around the Negligence and the incompetency of the Biden Administration which I'll show you What the chair of the chief the chair of The Economic Council sorry in terms of Economic advisers had to say about money Printing in this economy but markets are Fearful markets are scared and we are Seeing the extreme greed on these Markets at a level we haven't seen since Luna Tera Luna in extreme fear of 19 on The market historically guys when we are Under 20 yes you see 20 right here I'm Going to put the 20 I'm put the line Right here historically when markets are This fearful and we are under that 20 on Bitcoin's price action you tend to be Near if not around a local bottom and The last time we saw these levels it Hasn't even updated yet we are at 16 was When Tera Luna do Quan collapsed the Markets in 2022 not even FTX brought us down to These levels so make sure you guys check Out fomo IO to keep your guys' emotions
In check cuz you generally want a dollar Cost average in the red and sell and buy In the green but it's not just that it's About liquidations it's about the Fearmongering that I believe has created This m massive Futures gap on bitcoin's Chart here and so when I'm talking about Markets of course we're a crypto focused Channel guys I was telling you guys at $70,000 there was an 80 to 90% chance This Futures Gap would fill of course Not only it hasn't even filled yet it Broke past it due to the amount of fear In the markets we've now bounced up Quite a bit but I do expect this Futures Gap to fill as well as the new Futures Gap that was created between 59,000 and6 $2,000 that is a massive price range for Bitcoin's Price action I want to show You guys why I'm incredibly bullish on These markets not only do feds pivot When something breaks but yes it does Coincide with generally somewhere near a Local bottom whether it takes a few Weeks or a few months we're almost out Of that bearish Trend because what is The government going to do to get us out Of a bar Mark what is the government Going to do in a time of Crisis well in 2020 we saw what happened in 2008 we saw What happened in the year 2000 we saw What happened and here is one of Biden's Economic advisers telling us what is Going to happen the US government can't
Go bankrupt because we can print our own Money it obviously begs the question why Exactly are we borrowing in a currency That we print ourselves I'm waiting for Someone to stand up and say why do we Borrow our own currency in the first Place like you said they print the Dollar so why why does the government Even borrow well Um the uh So the I mean again some of this stuff Gets some of the language that the mm Some of the language and concepts are Just confusing I mean the government Definitely prints money and it Definitely lends that money which is why The government definitely prints money And then it lends that money by uh by Selling bonds is that what they Do they they um they yeah they they um They sell bonds yeah they sell bonds Right because they sell bonds and people Buy the bonds and lend them the money Yeah So a lot of times a lot of times at Least to my year with with mmt the the Language and the concepts can be kind of Unnecessarily confusing but there is no Question that the government prints Money and then it uses that money to um Uh uh so um yeah I I guess I'm just I Don't I can't really talk I don't I Don't get it I don't know what they're Talking about like cuz it's
Like the government clearly prints money It does it all the time and it clearly Borrows otherwise we wouldn't be having This de and deficit conversation so I Don't think there's anything confusing There I don't think there's anything Confusing even though he just said it Was confusing to confuse the confuser of The confusion audience I don't know I Don't there's so many there's so much Confusion here yeah that is of course uh The handpick economic advisor chair Jared Bernstein uh from the Biden Harris Administration which you know of course If you don't want to see markets look Like this coming after elections this Year I mean guys put two and two Together 1 plus one equals two 2 plus Two equals four this is simple logic Simple math on what is going to take Place in these markets these are the People running our advisors these are The people running the Committees and The decisions behind everything that Matters in our economy yes I do believe One of the only answers out of this is To tokenize everything with blockchain And Bitcoin and crypto so are we going To see a $150,000 Bitcoin are we going To see a $75,000 Bitcoin again we could Be trading backwards sideways and up and Out of this panel for months all the way Up and towards elections we're looking At another $70,000 Bitcoin when you're
Looking at your liquidations guys we are So massively oversold it's insane we Have billion tens of billions of dollars In Delta spread to the downside we had a Negative 40 billion when we touched 49k Now's not the time to be fearful now's Not the time to short the market right If you are you should have done that at 70k think about this for 2 seconds I Want you guys to think about this for Two seconds okay what were you doing at 70k and what are you now doing at 50k at 70k you were either thinking about Buying or you were buying heavy into the Market and you were believing it was Going to go to 80 to 90 to 100K now at 50k you're thinking about selling or Thinking about shorting because you Think it's going to go to 40 or 30 or 20K think about what's happening that is The retail emotions playing this game And we have breaking news coming out of These markets right now I'm going to Head over to my Twitter for you guys Which if you haven't already followed me On Twitter make sure you do so Europe's Fourth largest hedge fund capula Management just disclosed $500 million In spot Bitcoin ETF holding this is Because everybody knows Bitcoin while It's not the greatest store of value yet Cuz it's volatile it will be when it's At a three four five trillion doll Market cap in the future I don't know if
It's a year I don't know if it's six Months I don't know if it's three months Or two weeks or four days we all know Bitcoin will break 100K one day and that Is what I want everybody to pay Attention to I have picked up a lot of Ethereum here on coin w we have a trade That's open right here A minor trade Small trade 2x leverage nothing crazy But of course if you guys are in our Telegram free telegram the link will be In the description below you can see When I'm buying or selling of course I Bought almost $99,000 worth of ethereum This morning when we dropped down to $2,300 I was like wow this is when I Want to jump in and start dollar cost Averaging into these markets people Bought Ando at 50 cents it's already Back up to 70 cents that's like a 50% Gain everybody is fearful guys you want To be greedy and of course shout out to Today's sponsors of this video guys Houdini swap which if you guys haven't Checked out hudini Swap this is one of The coolest platforms on the market Where you can take ethereum and buy soul Or if you want to buy xrp you can type In any chain any crypto and you're able To convert it over so sold to xrp you Can even get ethereum or you know Ethereum to ebase ethereum if you guys Want to use other networks you can swap Your ethereum to any main net you need
To be able to buy sell and trade your Crypto they're now almost at $600 Million in volume we first partnered With them they've already done 100 Million in just the last month this Platform is incredible to use it's even Has some really cool privacy swap Features so if you guys haven't checked Out Houdini swap make sure you guys go To the description below and check them Out today if you guys are using metam Mas Phantom or any platform where you Guys just need to transfer your eth your B&B your xrp your Quant whatever it is To any chain guys that is what I have For you today I'm waiting for this Futures Gap to fill in as we predicted It did end up closing the one here 80 to 90% chance to fill this Gap here above Us I believe it's going to fill very Very soon and of course that is why I Have entered these markets guys thank You for watching make sure you hit that Like button subscribe to this channel Turn on those post notifications so you Stop missing out on all this Alpha
