RIPPLE XRP To Save The Banking System!

Introduction

In this section, the speaker introduces himself and his mission to help people understand the mechanisms of money and make the complex simple.

Speaker's Background

• The speaker goes by CJV and has matured dramatically in the cryptocurrency space over the last four years.

• He has worked hard to understand how money works from a wealth level and why most people retire with less than a million dollars.

• He has diversified his investments in cryptocurrency and outside of it, but emphasizes that investing in meme coins is not a sound strategy.

Understanding Money Mechanisms

• The wealthiest people in the world invest for the long term, have an exit strategy, are diversified, calm, non-emotional, and secure their gains in real-world assets that hold their value.

• It's important to understand how money mechanisms work and avoid being indoctrinated into thinking that going to school, getting a job, health insurance, and 401k are enough for retirement.

• Only six percent of Americans retire with a million dollars because they put their hard-earned money into the casino hoping for different results.

Banking System Changes

In this section, the speaker talks about how our banking system is undergoing dramatic changes that will change how we do banking.

Liquidity Crisis

• Our banking system is currently experiencing a liquidity crisis where every dollar in the system is someone else's debt or loan. There is no real money in the system.

• Oil was attached to American dollar but now most countries are working towards de-dollarization by trading oil outside of US dollar.

The Future of the Monetary System

In this section, the speaker discusses how there is a systematic change happening in the monetary system and how different companies are working together to create a new monetary system.

The New Monetary System

• Different companies such as JP Morgan, Wells Fargo, Bank of America, Apple, Samsung, and others are working together to create the new monetary system.

• The new monetary system will have many different mechanisms such as on-demand liquidity and real-time payments.

• Some companies will work with consumers while others will work with institutions or directly with businesses (B2B).

• It's important not to fall for get-rich-quick schemes as they are scams that can lead to financial ruin.

Understanding Wealth

In this section, the speaker talks about how people can start changing their mindset towards wealth by making one decision at a time.

Mechanisms of Wealth

• People are only one decision away from starting to change their mindset towards wealth.

• There have been three systematic failures in the past and more may happen in the future.

• Failures are usually announced on Fridays when people are busy on weekends.

• FDIC takes over failed banks and does a bail-in where debt is turned into equity and sold on an open marketplace.

Recent Bank Failures

In this section, the speaker discusses recent bank failures and their connections.

Silicon Valley Bank Failure

• Silicon Valley Bank was the first bank to fail in March 2023.

• FDIC transferred all deposits to Silicon Valley Bank before placing it into receivership.

Signature Bank Failure

• Signature Bank New York was closed by New York State Department of Financial Services which appointed FDIC as receiver.

• Deposits were put into purchase an assumption agreement with Flagstar Bank n a.

First Republic Bank Failure

• JPMorgan National assumed all deposits and assets from First Republic Banks.

• There have been three bank failures in total.

Key Players

In this section, the speaker talks about key players involved in the monetary system.

Michael Barr and Jake Clayton

• Michael Barr used to sit on the board of Ripple.

• Jake Clayton initiated the case against Ripple.

• The FOMC was created in 2012, which Gary Genser started.

• Rosie Rios was supposed to reduce coin and cash.

Ripple, Federal Reserve, and Bank Failures

In this section, the speaker discusses the connections between Ripple, the Federal Reserve, and recent bank failures.

Connections Between Ripple and Federal Reserve

• The former board member of Ripple, Michael Barr, is now the head of the Federal Reserve.

• Jay Clayton was the head of SEC and initiated a case against Ripple in 2020. He now sits on the systematic resolution advisory committee for FDIC which is responsible for bank balance.

• Gary Gensler who is now the head of SEC was also part of regulating non-bank financial institutions through fmoc.

Bank Failures

• Silicon Valley Bank failed due to mismanagement by its senior leadership and board of directors' failure to oversee them.

• The banking system has been in trouble since 2012 with bail-in committees being formed.

• Interest rate risk is causing liquidity to be sucked out of banks as Jerome Powell keeps raising interest rates.

Rosie Rios' Role in Bringing New Currency

• Rosie Rios sits on the board of directors for Ripple and is responsible for bringing in a new currency or monetary system. She was also told in 2012 to reduce coin and cash usage but couldn't because it would require a shock to consumer behavior.

• On September 26th, 2021 she said that XRP's primary purpose is facilitating cross-border payments while other cryptos find their value in speculation. This statement comes from someone who sits on the board for ripple and was responsible for bringing in new currency or monetary system.

Cash Generating Assets

In this section, the speaker talks about how to use cash generating assets to put back into crypto.

Investing in Assets

• Invest in cash generating assets.

• Put money into leverage live insurance, real estate, and precious metals that hold value.

• Attend events like XRP Las Vegas to meet people from the community and learn more about investing.

Ripple Payment Solution

In this section, the speaker explains how Ripple's payment solution works.

How Ripple Payments Work

• The banking system has a liquidity crisis with high fees, slow settlements, incomplete transaction data, frustrating failure rates, and single point security exposures.

• Ripple's payment solution leverages The xrp Ledger and the digital asset xrp for quick transactions at low cost with high throughput.

• Affordable line of credit options enable Capital agility and Rapid scaling when you are ready to scale to new corridors.

• Sending institution requests a Fiat to Fiat quote on pricing and foreign exchange or FX. Sender debits funds from a digital asset wallet funded by Ripple with xrp and transfers funds to the receiver in less than three seconds. Receiver immediately pays out the end beneficiary in Fiat according to the payment instructions.

Trapped Liquidity

In this section, the speaker discusses trapped liquidity in the banking system.

Understanding Trapped Liquidity

• The banking system is broken with trapped liquidity causing concern for a systematic Bank Run in non-bank financial institutions.

• Billionaires will become trillionaires, millionaires will become billionaires, and being a millionaire will mean nothing. We need to get out of this indoctrination industrial archaic banking type system thinking.

Warren Buffett's Investment Strategy

In this section, the speaker discusses Warren Buffett's investment strategy and why he closed out of all his banks except Bank of America in 2020.

Warren Buffett's Investment Strategy

• Warren Buffett closed out of all his banks except Bank of America in 2020.

• Buffett increased his position in Apple because he knew something was coming.

• Buffett invests in real-world assets, companies, and infrastructure that he thinks will change the monetary system or that people use on a daily basis.

Understanding XRP and Ripple Payment Solutions

In this section, the speaker explains how XRP works and provides a guide to understanding Ripple Payment Solutions.

How XRP Works

• XRP is a global payment solution.

• Everything is going to be tokenized.

Guide to Ripple Payment Solutions

• Ripple is an innovative technology.

• A guide breaks down capital markets.

Personal Growth and Maturity Process

In this section, the speaker talks about personal growth and shares their maturity process through crypto investing.

Personal Growth

• The rich are always going to be rich until you rewire your subconscious mind and understand how wealth works.

• Working harder on yourself than anything else is important because it doesn't matter if you become a millionaire in crypto; you're still going to have the same problems.

Maturity Process

• The speaker stopped watching content that had anything to do with addictive high behaviors.

• The speaker started to look at how the system actually works and realized that chasing pump and dumps was not sustainable.

• The speaker became brutally honest about their maturity process through crypto investing.

Joining the Warrior Academy

In this section, the speaker invites listeners to join the Warrior Academy and explains what it offers.

The Warrior Academy

• Over 6,000 people have been helped by the academy.

• Access is provided to fitness, mindset, Airbnb, crypto education, and portfolios.

Benefits of Joining

• Joining provides access to a beautiful ecosystem of kind high-frequency individuals working together.

• The academy helps individuals get their lives together.

The System is Designed to Keep You Trapped

In this section, the speaker shares their personal experience of leaving a high-paid job and creating a community for like-minded individuals.

Personal Experience

• The system is designed to keep you trapped.

• Leaving a high-paid job led to financial freedom and owning multiple companies.

Creating a Community

• Creating a community called the 3T Warrior Academy for like-minded individuals.

Introduction to the 120 Day Challenge

In this section, the speaker introduces the 120 Day Challenge program and invites viewers to participate for free.

The New Paradigm of Discipline and Wealth

• The 120 Day Challenge program aims to help individuals transition from old paradigms into new ones that focus on discipline, consistency, great relationships with family, financial freedom, and learning the pillars of wealth.

• The program has changed over 5,000 warriors' lives worldwide.

Invitation to Join

• Viewers are invited to join the program for seven days for free.

Conclusion

In this section, the speaker concludes the video by expressing hope that viewers will join the program.

Hopeful Message

• The speaker expresses hope that viewers will join the program and experience positive changes in their lives.