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It was accelerated as a result of the pandemic and that moneyew had to flow somewhere.he it went into stocks. it went to crypto and bitcoin and it caused inflation. now the governmentt is trying to take inflation seriously. they have to try to reduce the balance sheet. ates t they have to try too raise interest rates to make it more expensive to borrow and record debt levels. and so people are selling assets. they're sellingelli stocks. some of those stocks going down further than bitcoin people are selling, bitcoin and crypto. and i want to make an important distinction here because bitcoinn ...

Himself. as everybody in manafort's orbit slipped away, gates was the guy beside him until the very end, he was a guy that basically would go anything for paul manafort, if paul mana fort needed gates to forge a document, gates would forge a document because gates was becoming rich working for manafort. >> and as we saw gates walking out of the courthouse. you're saying the man there on our screen walking out of court, he was the ultimate teammate and allegedly co-conspirator and how he's flipped? >> he knows everything about paul manafort, he was his intimate, for well over a decade and when ...

Came during gates' attempt to cut a deal with mueller, during what's called a proffer meeting, where defendants tell what they know during a queen for a day interview. >> in a queen for a day interview, a defendant can typically admit to crimes with little additional consequences, unless he or she lies. >> rachel says it perfectly there, you can admit to any and all of your past crimes without lying in order to show the goods you might have on other people and prosecutors agree not to pi punish you, but you cannot do what rick gates did, lying in the proffer session with his counsel at mueller...

What gates and manafort know about him? >> yes. >> he's also worried about what manafort and gates can testify about those close to him. do they have the -- who else in their inner circle can they talk about because remember they were both involved during the convention when there was the weakening of the republican convention against russia. and that was the first time we saw it and they may know more details about who was involved and what was traded for that change in the republican platform. so i agree with bill. >> you make a great point there and it echoes in what we have seen today. say...

Extent of his corruption, but the more you learn, you always find yourself surprised by the extent of it. >> he got gates involved in all of this. >> yes. >> gates is clearly admitting to things, separate from the crimes, as i mentioned earlier in the show that implicate manafo manafort, let me read for the viewers, because this is all brand-new, you can seaside by side, in the statements from gates on the right, 2014, at unanimo manafo manafort's instruction, wiring $4 million, and manafort uses an offshore account to wire 4 million euros. >> rick gates is paul manafort's intern, he worked wi...