To unleash the full power of the federal government in this effort today I am officially declaring a national emergency. Two very big words. All right. Welcome back everybody. My name is Austan. Less than 12 hours ago this just happened. President Trump addressed the nation as a bitcoin holder or just as a traditional investor. He he mentioned a few things that directly affect you. Number one. And listen to this clip. Number one he is giving 50 billion dollars to the states. Number two he’s activating something called the emergency preparedness plan for hospitals. This is waiving certain regulations for hospitals. And number three in partnership with the private sector the FDA just approved a new test for Kovac 19. So if you think you may have the virus there is now supposedly a better test for it. Watch this to unleash the full power of the federal government that this effort today I am officially declaring a national emergency. Two very big words the action I am taking will open up access to up to 50 billion dollars of. Very importantly very important and a large amount of money for states and territories and localities in our shared fight against this disease. I’m also asking every hospital in this country to activate its emergency preparedness plan. This includes the following critical authorities the ability to waive laws to enable telehealth it gives remote doctors visits and hospital check ins the power to waive certain federal licensing requirements so that doctors from other states can provide services in states with the greatest need they can do is they want they can do what they have to do they know what they have to do now they don’t have any problem getting it done using federal emergency authorities the FDA approved a new test for the virus we did this within hours after receiving the application from Roche a process that would normally take weeks. We therefore expect up to a half a million additional tests will be available early next week. We’ll be announcing locations probably on Sunday night. OK. Yes. This declaration I like it. It’s to keep the American people safe one but to this action like many other actions are being taken. Anything to try and stimulate this failing economy. Trump’s main goal is to stimulate the economy. He’s made that clear. And what this economy does in the next 90 days directly affects you as a bitcoin holder. Now we mentioned this the other day the Federal Reserve just announced their biggest cash injections yet we haven’t seen injections like that before. That’s one point five trillion with a T. They’re trying to print their way out of this economic crisis and to be fair it’s not just America out of that one point five trillion five hundred billion dollars worth that just happened. The Federal Reserve just printed five hundred billion dollars. That’s in the economy. The People’s Bank of China just printed 79 billion. European Union just printed 37 billion. South Korea ten billion. Bank of Japan 2 billion. Britain just printed 39 billion. Italy just printed eight point four billion. Wow. Hey this is why Bitcoin was created. And you know what I get why. You know what it’s not like that didn’t work. You know countries billions trillions of dollars later. We had a nice 9 percent pump of course year to date 9 percent. You know it’s all about perspective. We have 9 percent today. In a lot of ways this financial stimulation if I may. This can be overwhelming because we haven’t seen cash injections to this magnitude before on a global level. Now of course the big question is just how much longer 30 days 60 days 90 days should we expect this economic slowdown caused by. Caused by the corona virus. How long should we expect this to go. I mean these numbers they’re only increasing. I mean we shouldn’t expect less of this. We should probably expect more of this. So just how much more how much longer should we expect this economic slowdown to go. The question is for doctors Fouchier and BURKE BURKE’S Dr. Fauci. Based on what you currently know what is the trajectory for when this outbreak will peak. How long will the American people have to remain on this emergency footing. So when you have an outbreak like this particularly if you’re trying to interfere with it it’s really impossible to predict the time element of when it’s going to peak and when it’s naturally going to go down. So if you look at the situation where countries really did not get to the point of trying to contain and mitigate very well you see a peak over several weeks and then down again over the several weeks. What we’re trying to do with the efforts that we’re doing is to blunt that peak and I mentioned that many times and I think it’s important and appropriate for me to mention it again because it answers your question when you talk about preventing infections from without in which is the kind of travel restrictions we’re talking about then how do you handle what you already have in your country. You continue some sort of containment but you also do mitigation and you try to proportionate to the areas where there are the most infections. The success of that and how much you make this turn into this is going to give you the amount of time if we’re successful it’ll be less if we’re not successful it’s going to be more. But these kind of things generally run out in a few months hopefully we’ll make it several weeks eight nine whatever weeks. But I can’t give you a number because it depends on how successful we are. OK. That’s fair. I mean he’s basically saying hopefully as less as eight or nine weeks potentially multiple months we’ll see. But again the name of the game today was financial stimulation. Trump also mentioned some interesting announcements about student loans and oil prices. I think you’re going to like this. Also announcing the filing emergency executive actions today. To help our students and their families I’ve. Waived interest in all student loans held by federal government agencies and that will be until further notice. That’s a big thing for a lot of students that are left in the middle right now. Many of those schools have been closed based on the price of oil I’ve also instructed the secretary of energy to purchase that a very good price. Large quantities of crude oil for storage in the U.S. strategic reserve. We’re going to fill it right up to the top. Saving the American taxpayer billions and billions of dollars helping our oil industry and making us even further toward that wonderful goal which we’ve achieved which nobody thought was possible of energy independence. It puts us in a position that’s very strong and we’re buying it at the right price. And that’s something that would have not even been possible a week ago. The price of oil went down quite a bit. So we’re going to fill it up. There’s a good time to fill it up. I’d like to ask Mike Pence to say a few words please BP. PPE. Interesting. I’d like to ask Mike Pence to say a few words please BP. Baby. Interesting boat ever you get the point of these declarations he wants the students you know he giving them more money spend it on the economy. Gas prices are gonna be lower he wants the consumer spending he wants you spending maybe he wants you spending on Bitcoin I don’t know how many people have been asking why does Bitcoin keep falling. Well you know what. I liked this tweet from Andre’s Anthony police. You wanted institutional investors and mainstream adoption. This is what it looks like app since the principles of decentralization traded as a high volatility asset to add spice to a portfolio he’s referring to Bitcoin being adopted by institutional investors just a little spice to the portfolio as soon as price gets uncomfortable. They dropped like a hot potato. We don’t. Now the point is many of these institutional investors many people obviously if markets traditional markets are tanking hard. People get scared. That’s expected. Bitcoin dropped. Into the high for thousands last night. Crazy. Aaron tonight we’re gonna do livestream. None of us were home if the price moves again. We will be doing a livestream hit subscribe and hit the bell notification. We potentially could see some crazy price action in these next 30 to 90 days. Of right. Those are the clips that I wanted to pull for you today. This whole press conference says to our 60 Minutes it was well over at least probably around 90 minutes. Check it out again. National emergency one point five trillion dollars in cash injections from the Fed as well as more and more countries going on lockdown. Crazy times Crazy times guys keep calm carry on. And maybe Trump summed it up best and this will pass this will pass through and we’re going to be even stronger for it. We’ve learned a lot. Paying.