Transcription
Hello friends. Friends, how can you sell the country for your personal interest? You will get a perfect example of this. You all know that Donald Trump currently has two biggest favorites. One is Shahbaz Sharif here, and the other is The Great Field Marshal Asim Munir. Now, you all know how the partnership is going on between the two. Meaning, Shahbaz Sharif and Asim Munir praise Trump a lot. Conversely, Trump also keeps praising both of them here. All these things are happening, and the whole world knew why it happened suddenly because if you look at Trump's first term, he used to behave quite differently. Since Donald Trump's second term started, he has been praising Pakistan a lot. And the actual reason behind this, everyone knew it was investment in crypto. But this has now come out in front of everyone. You can see the news here. The Pakistan Connection That Helped Donald Trump Make $1.4 Billion Crypto Jackpot. We will understand in detail what exactly Pakistan did for Trump here? How Trump is benefiting in return. Because remember, Trump is a businessman first. Then comes the country. After that comes the presidency. How did Trump become famous? From his real estate business. But now his actual earning, his biggest earning, comes from the crypto business. I will tell you all about that. Let's move forward. But before that, let me tell you all that our new batch for UPSC is starting from July 7th. A batch in which complete preparation is done from Prelims to Interview. It includes mentorship, test series, revision. In fact, let me tell you that we have launched packages according to different requirements. Meaning, any aspirant can choose according to the facilities they need. If you have any doubt, any problem regarding the batch. Call this phone number and use the code ANKITLIVE. For maximum discount, the link will be found in the comment section. Let's start. First of all, let's see what has happened. See, the President of America, Donald Trump, in his latest financial disclosure, has revealed his cryptocurrency empire. Meaning, it shows that the biggest contribution to his personal wealth is not coming from real estate. It is coming from digital assets. Actually, the US Office of Government Ethics has released a 927-page annual financial disclosure. In it, it was stated that Trump's cryptocurrency business has earned him a profit of $1.4 billion. Revenue. In fact, let me tell you that the total income generated for Trump is $2 billion. Now, think about it, if you are getting $2 billion, most people used to think that brother, Trump is a real estate person, and the most earnings come from there. Now, out of $2 billion, $1.4 billion alone comes from cryptocurrencies. All the businesses connected to his family are in cryptocurrencies. So, this is where the most income is coming from. Okay, let me give you a little background about what has happened in the last two-three years. First of all, you need to understand Donald Trump's first tenure, his first term, between 2017 and 21. He was the biggest critic of cryptocurrencies. He hated them. He used to say that Bitcoin is too speculative. Cryptocurrencies will weaken the US dollar. Digital currencies, in a way, favor money laundering. They finance terrorism. We need more regulation for the crypto market. So, at that time, he was very cautious that America would not go into cryptocurrencies. But then he saw an opportunity here. He saw that there was money here. So, when his second term started, when he became President for the second time in 2024, he completely changed his perception. Now, his administration says that America will become a global crypto leader. How? Blockchain innovation will be encouraged here. America will support digital assets. Regulatory uncertainty will be reduced. Stablecoins will be backed. Cryptocurrency companies will be attracted to come to America in large numbers. So, this entire reversal, a parallel thing was also happening behind it, and that is that Trump and people connected to his family were moving towards the cryptocurrency business. Now, this clearly creates a conflict of interest, doesn't it? You are becoming President. First, you were completely against it. Biden also did not promote it much. But when you became President, you opened all the doors, and what was the reason behind it? Your business. You have put your entire business, its revenue, its sources, everything into cryptocurrencies, and this is the biggest conflict of interest. This is something similar. Recently, I also made a video where it was revealed by The Indian Express. How in Madhya Pradesh, when the Chief Minister comes, and then you see that many businesses related to his family acquire land, and then suddenly the land prices increase because the government had announced many infrastructure projects there. So, that also comes under conflict of interest. We looked at that in a separate video. So, you will see something similar here. Okay, let me tell you, Trump's crypto empire, Trump's wealth is no longer dominated by hotels and real estate. Instead, cryptocurrency has become the biggest source of income. Here, there is a firm named World Liberty Financial. This is a decentralized finance platform, which is connected to Trump and his sons. What is their work? World Liberty Financial finances blockchain, issues crypto tokens, decentralized lending, digital asset management – this company is involved in all these things. And the recently released financial disclosure reveals that $520 million came through token sales. Besides this, more than $250 million came from selling ownership interests. So, in total, this company benefits Trump by $800 million. Then, another thing you might remember is that Trump launched his own crypto coin, basically what is called a meme coin in cryptocurrency. So, from this meme coin, Trump and his family businesses also benefit by $35 million. Meaning, you can understand that obviously, you are the President of America, and you yourself announce a cryptocurrency here, so people will be interested in it. People will invest money in it. So, Trump himself said that there was a sudden enthusiasm from investors. Obviously. Think about it, if you were not the President and launched it then, would people have the same enthusiasm? No. So, in total, the total income from crypto has become $1.4 billion. Okay, now where does Pakistan come into this? Basically, what happened is that Pakistan, think about it, Pakistan's government calls itself a sovereign country, and this government calls itself the government of Pakistan. The government of Pakistan invests in Trump's firm, a company connected to Trump and his sons, World Liberty Financial, and enters into an agreement with them. Now, how can this happen? If I say, for example, that the government of Pakistan enters into an agreement with the government of America, invests something, something happens, then it can be understood. You are investing in a private business as a country. And what was in this agreement? Blockchain development. Pakistan thought it would benefit greatly from this. Digital finance, cryptocurrency infrastructure, fintech corporation. Although this agreement was commercial rather than a formal state-to-state strategic pact, it attracted the attention of the whole world as to what was happening. How can Pakistan directly invest in Trump's business? Anyway, what did Pakistan want through this agreement? What was Pakistan saying publicly? Pakistan was saying that look, we are facing an economic crisis here. There is inflation, shortages of foreign exchange. So, if we invest in Trump's business, if we go with them, then we can bring a lot of investment into Pakistan through crypto. Second, digital economy. Pakistan wants to become a technology hub, position itself as a regional technology hub. Like fintech, blockchain – meaning, it should become a center for this entire region. So, this ambition will be supported by this agreement. This is what Pakistan said. Then third is a large youth population. Pakistan has millions of smartphone users, a young population. Internet penetration is increasing. So, because of this, more blockchain companies will come to Pakistan. Saying this, Pakistan signed this MoU with Trump's company. But as I am telling you, this is very controversial. It is controversial because the President of America himself is Trump. It is his business. The Chief Executive, whatever federal policy is made, has Trump's stamp on it. Businesses related to him will benefit from this. Although the White House says that look, Trump does not personally manage his investments. As long as he is President, he will not be involved in his own businesses. But whatever it is, there is a direct conflict of interest here. Now, the question arises, okay, Pakistan has done this. Has Pakistan benefited from it? Look, you will not find any public evidence to say that billions of dollars have been invested in Pakistan. Because no money has come. Neither any crypto mining facilities have come to Pakistan, nor any FDI has come to Pakistan. Pakistan's foreign exchange reserves have not improved as such. Employment has not been generated. So, how can you say that Pakistan has benefited here? And already two years have passed. Pakistan has not benefited. And here you will see, and the analysts are quite cautious. They say that just signing an MoU will not make you think that you will benefit a lot. It's not like that. You have many issues here. External debt is very high. You depend on the IMF. There is so much inflation. Why would anyone invest in your country? There are infrastructure issues. Investors look at many things. Is there political stability or not? You keep seeing the security conditions, explosions happen every day. Who will go and invest there? There is no consistency in economic policy. So, these are many factors that any investor considers before coming to your country. But yes, the question is, can Pakistan benefit in the future? Absolutely, it can. But again, the same thing, will you take such steps? You will have to establish crypto regulations. You will have to ensure that anti-money laundering compliance is met. You all know what Pakistan's situation is in this regard. In fact, India is currently trying to get Pakistan back on the FATF's grey list. So, these are all the problems. Until Pakistan resolves these, investment cannot come there. But yes, one person who has benefited the most from this is Trump. Meaning, no matter what Pakistan says. This episode that has happened, and these things that have come out, make it absolutely crystal clear why Donald Trump is praising Shahbaz Sharif so much. Because just look at some time ago, when Trump was President in his first term, he even said that no more money from America would go to Pakistan. But now, suddenly, everything has changed. Obviously, this is a big reason for it. I hope you understood. And before leaving, a very interesting question. Two statements have been given here regarding Virtual Digital Assets in India. You have to tell which one is correct, and you all know the right answer. You will find it on my Instagram, and if you are not there, that's fine, you can get the correct answer from Telegram. And friends, as I told you, if you are preparing for UPSC, and want any batch, join Study IQ. We provide complete preparation from Prelims to Interview. We will also send a complete set of 18 books to your home via courier. It includes one-to-one mentorship, test series, revision, meaning end-to-end preparation, nothing will be missed. If you have any doubt regarding the batch, call this phone number. And use the code ANKITLIVE for maximum discount. Study IQ IAS, Your Selection [Music] Our Mission.