Speaker 1: You're listening to Comedy Central.
Speaker 2: October thirteen, two thousand and eight, from Comedy Central's World
Speaker 2: News headquarters in New York.
Speaker 1: This is the Daily Show with Johnsto. That's right, it
Speaker 1: was don start.
Speaker 3: I hope everybody had a great riga in there. For
Speaker 3: a second, I thought everybody was leaving tonight on the show.
Speaker 3: We got a good one. Author Amity Schlaves is going
Speaker 3: to be joining us.
Speaker 4: She has written a book on the Great Depression, or
Speaker 4: as it's soon to be known, the First Great Depression.
Speaker 4: Now might seem strange you'd be discussing an economic downturn
Speaker 4: today as the Dow Jones Industrial was up nearly a
Speaker 4: billion points. It was up a thousand points on rumors
Speaker 4: that money does in fact grow on trees.
Speaker 3: That's what they were spreading around. It was very exciting.
Speaker 4: Everybody was excited for one day to see the stockbrokers
Speaker 4: jumping up into their windows. So tomorrow, of course, that
Speaker 4: will be down five hundred because.
Speaker 3: We are being with But no matter what happens, there's still.
Speaker 4: Good fun to be had during these tough economic times.
Speaker 4: I know it's rough the economy, but there's going to
Speaker 4: be an amusing tidbit if you just look hard enough.
Speaker 4: For instance, how about an unbelievably inappropriately named financial analyst.
Speaker 3: The stock market is open tomorrow Columbus Day, and.
Speaker 4: Art cashing director floor trading for ubs.
Speaker 3: Art cash in. How the artifle is that? And after
Speaker 3: our cash in we go to rob a bank. That's
Speaker 3: the best, the best thing I saw in all this
Speaker 3: terrible news cashion.
Speaker 4: I shouldn't laugh. Actually, my real name is John smart
Speaker 4: ass douchebag Stein, and financial advisors don't just have funny names,
Speaker 4: they're also presented on the financial networks in humorous fashion.
Speaker 4: A few weeks ago, we showed you CNBC's incredible octabux technology.
Speaker 3: Octobux. It's named, of course, for its creator, German scientist
Speaker 3: handing the capter box. That's right, that's another funny name.
Speaker 3: We're working on Columbus Day.
Speaker 5: Where are you at?
Speaker 4: The octabox of course unveiled when seven commentators couldn't properly
Speaker 4: analyze the situation. But these are tough times. What if
Speaker 4: eight pundits isn't enough. What if the enormity of this
Speaker 4: economic collapse is so huge that even eight of the
Speaker 4: financial industry's.
Speaker 3: Smallest headed people.
Speaker 4: Can't figure it out, Ladies and gentlemen. For the first
Speaker 4: time ever on CNBC, Behold the majesty of the deca box.
Speaker 4: Ten pundits, ten bonzes. I cannot believe we, ever as
Speaker 4: a society, got by with just eight. Now, I know
Speaker 4: what you're thinking. I see nine or more boxes at
Speaker 4: the same time. I better see Bruce Valanche in one
Speaker 4: of those squares. And who knows, maybe he's in one
Speaker 4: of these boxes. I can't make out any of their faces.
Speaker 4: Maybe ten is too much, Maybe we're just not ready.
Speaker 4: Maybe one of them has to go, and there's really
Speaker 4: only one fair way to do it.
Speaker 3: All right, Chuck, you're ready.
Speaker 4: Nomy's, Nomy's Nommy's, no ammys, no Army's stopped.
Speaker 5: That was that was.
Speaker 3: That was a long walk for that joke. Anyway.
Speaker 4: That was Vince Farrell, c IO of Solel Securities Group, Incorporated,
Speaker 4: who I thought had added a lot to the conversation.
Speaker 3: Up to that point.
Speaker 4: So what are we gonna do to ease the credit
Speaker 4: crunch and get banks loaning money again? Well, last month
Speaker 4: Treasury Secretary Paulson made clear what we won't do.
Speaker 5: Just there are some that said we should just go
Speaker 5: and stick capital into banks. That's what happened in Japan.
Speaker 5: But what we said, the right way to do this
Speaker 5: is not going around and using guarantees or in j capital.
Speaker 5: That's the Japanese solution.
Speaker 4: Stupid Japanese always injecting money.
Speaker 3: Perverts.
Speaker 4: Besides, we all know the Japanese solution didn't even work.
Speaker 4: Their economy has been stagnant for fifteen years. There's no
Speaker 4: way we're ever going to be so desperate.
Speaker 6: Pressury Secretary Hank Paulson plans to inject money directly into
Speaker 6: the nation's banks that needed turning Jepanese.
Speaker 3: I think that turning tepandies.
Speaker 7: I really think so.
Speaker 3: I'm a bad Pitzer.
Speaker 4: For more on the financial meltdown, we go to senior
Speaker 4: financial analyst Wyatt Sinat.
Speaker 3: Why, thanks very much to go on there.
Speaker 4: Doing that puts on, Sorry, this wild market activity we've
Speaker 4: been seeing, Wyatt, people are scared.
Speaker 1: Not just scared, John, scared less. There's a big.
Speaker 3: Difference why the volatility.
Speaker 8: Why why volatility frequently occurs when everyone suddenly realizes that
Speaker 8: the stock markets just a consensual mass delusion based on
Speaker 8: fictitious valuings of abstract assets. You know, it's like finding
Speaker 8: out Santa Claus is real because you catch him robbing
Speaker 8: your house.
Speaker 3: So what is stable then, is if it's all fictation?
Speaker 3: What about gold?
Speaker 8: You think so, but it turns out gold is just
Speaker 8: a shiny metal for right now, I mean really shiny,
Speaker 8: but it's still just metal. But right now you want
Speaker 8: to put your investment dollars in things you can.
Speaker 9: Eat and.
Speaker 3: No, no, it's true, things are delicious and weapons.
Speaker 8: You also want to put it in weapons so that
Speaker 8: you can kill things and then eat them. Oh, and
Speaker 8: make sure you buy some fire too, because you can't keep.
Speaker 1: The marauders away without fire.
Speaker 4: Are there any other tips for investors other than survivalist mantras?
Speaker 4: Anything to keep them calm?
Speaker 3: Well?
Speaker 8: You know those numbers on the right side of your screen,
Speaker 8: the Dow, the Dow Jones. No, I think it's called
Speaker 8: the Uppy Downy Index.
Speaker 1: Watch that all the time.
Speaker 8: It's a real time running indicator of the health of
Speaker 8: the economy, and it alone reflects not only our country's
Speaker 8: well being, but your value as a human being as well.
Speaker 8: Never take your eyes off it, seriously, what sh I'm
Speaker 8: watching them?
Speaker 1: I've been doing it since Friday?
Speaker 10: All right, open and bil We're down about seven hundred points.
Speaker 6: Back into positive territory, up three hundred points.
Speaker 8: Yes, no, no, what are you doing?
Speaker 5: Yes?
Speaker 1: Yes, yes, no, no, no no, huzzah and rich bitch
Speaker 1: a man. I don't know what the hell is going on.
Speaker 4: Why you do you even own why do you even
Speaker 4: actually own any stock?
Speaker 1: No, but I own a boatload of fire.
Speaker 3: Wyatt's andac everybody. We'll be right back.
Speaker 4: The continued confusion of the worldwide economy is the subject
Speaker 4: of Tonight's cluster to the Poorhouse. You know, during an
Speaker 4: economic crisis, Americans.
Speaker 3: Need steady so leadership.
Speaker 4: Now they say that some leaders are born great, some
Speaker 4: achieve greatness, some have greatness thrust upon them, and then there's.
Speaker 3: This guy who.
Speaker 4: Who couldn't buy great at a great store that was
Speaker 4: going out of business and had to get rid of
Speaker 4: all there.
Speaker 3: Great.
Speaker 11: Thank you for the warm welcome. I'm pleased to be
Speaker 11: here at Guernsey Office Products. Thank you very much, David
Speaker 11: for being an entrepreneur, a dreamer, a doer.
Speaker 3: A dreamer. I run an office supply store. Don't patronize me.
Speaker 4: You underestimate my dreaming capacity, missed the President. I sell highlighters,
Speaker 4: but my dream is to play professional.
Speaker 3: Poker and to bang the Olsen Twins please.
Speaker 4: But with the economy vacillating between disastrous and disastrous even
Speaker 4: for South America, the President proved he still wasn't afraid
Speaker 4: to take questions from a carefully selected group.
Speaker 12: I want to just say thank you very much for
Speaker 12: understanding the importance of credit.
Speaker 1: I thank you so much, thanks for hanging in there.
Speaker 1: You really did a great job. Because I was I was.
Speaker 9: I really wasn't convinced until I just heard you.
Speaker 1: Thank you.
Speaker 4: Guernsey Office products, What could that be a front for?
Speaker 3: In fact, only one.
Speaker 4: Person there are the guts to take President Bush to task.
Speaker 11: My first question is a small business owner, is what
Speaker 11: are you going to do about it? President Bush? I
Speaker 11: paid my mortgage, I paid my bills.
Speaker 10: What are you doing?
Speaker 3: You're terrible at this, And don't get me started on
Speaker 3: your foreign policy. You like the anti King Midas. Everything
Speaker 3: you touched turned.
Speaker 4: Then the Secret Service forcibly escorted the President away from himself. Now, obviously,
Speaker 4: the economic crisis has real consequences for real people, which
Speaker 4: is why it's surprising that the news networks will only
Speaker 4: explain the crisis to those real people's children.
Speaker 3: What happens on Wall Street affects all of us on
Speaker 3: Main Street.
Speaker 1: It's the classic Domino.
Speaker 3: Effect, Domino like the pizza. I have a hard time
Speaker 3: visualizing your point.
Speaker 1: No, no, I get it.
Speaker 3: Our economy is six dominoes. Hey, that looks pretty good.
Speaker 4: It seemed very stable architecturally, they're all standing upright.
Speaker 3: No, no, did not see that coming.
Speaker 4: But if I understand your analogy correctly, and I think
Speaker 4: that I do, you're saying that for America, is the
Speaker 4: economy to get better, we need to space our banks
Speaker 4: further apart.
Speaker 10: Or perhaps.
Speaker 4: Build them, build the original lending institutions in a pre
Speaker 4: flattened state, ranch style banks, if you will. All right,
Speaker 4: so you've explained the economy to nine year olds. But
Speaker 4: I know a six year old with a lot of
Speaker 4: money in the market, and he finds the Domino explanation obtuse.
Speaker 11: We asked our Robert Kroulwich to explain, and he said
Speaker 11: he could explain it best with a cartoon.
Speaker 7: Let's start with one hundred dollars bills sitting in a
Speaker 7: back Okay, in a good economy, a banker is going
Speaker 7: to lend that hundred to say a farmer who says
Speaker 7: Now that I've got the money, I can buy seeds
Speaker 7: from the seed people, a tractor from the tractor people,
Speaker 7: who spray from the pesticide people. But then this year
Speaker 7: a bunch of housing loans went bad and bankers got nervous.
Speaker 1: Ah, very nervous.
Speaker 3: I like bouncing things.
Speaker 4: Can anyone explain this to me? Look, I don't run
Speaker 4: a hedge fund, but my brain is attached to my
Speaker 4: spinal cord.
Speaker 5: Uh.
Speaker 12: Anybody, our economics correspondent Paul Salmon will now explain.
Speaker 3: Thank you, PBS credit default swaps.
Speaker 13: As of last year, according to an industry group, there
Speaker 13: were not sixty two million dollars, not sixty two billion dollars,
Speaker 13: but sixty two trillion dollars worth of credit default swaps
Speaker 13: out there.
Speaker 4: Seems to me like the economy is so bad that
Speaker 4: this guy had to move back in with his grandmother.
Speaker 1: Paul Salmon, are.
Speaker 3: You putting the zeros on the coffee table again?
Speaker 1: No, grandma, use a coaster. I'll use a coaster.
Speaker 3: I'm explaining a national calamity. But bring me some juice, dear.
Speaker 4: You know, we just went through like.
Speaker 3: We just went through an insane week. Everything seems very unpredictable,
Speaker 3: even terrifying. It's good to know there's one thing we
Speaker 3: can always count on.
Speaker 9: There's a storm coming one we're all going to feel.
Speaker 13: It's called inflation.
Speaker 9: Now it's time to buy gold.
Speaker 5: Gold gives me freedom from all the financial madness in
Speaker 5: the world.
Speaker 7: Gold is the time tested currency that goes up knocked down.
Speaker 4: You know that convicted felon makes a lot of sense,
Speaker 4: although if I recall, he didn't think he or Nixon
Speaker 4: would ever go down either.
Speaker 3: Gold it's the ultimate fearheade.
Speaker 4: When the dollar fails and the world plunges into a
Speaker 4: dystopian nightmare, vicious tribes warring for dwindling necessities, You'll always
Speaker 4: have gold. Excuse me, good sir, you look like a
Speaker 4: man who appreciates what the finer things. Might I interest
Speaker 4: you in some krugerrands in exchange for some of your
Speaker 4: processed combustion engine fuel.
Speaker 3: No, how about that I become your wife.
Speaker 4: Fortunately, that's never gonna happen, because gold goes.
Speaker 3: Up, not down.
Speaker 2: But we know gold is plunged about twenty five percent
Speaker 2: from its peak in the middle of twenty eleven, and
Speaker 2: it got.
Speaker 10: Crushed in recent days all of a sudden, that trapdoor
Speaker 10: opened up, and gold felt.
Speaker 6: The biggest one day drop in prices in thirty three
Speaker 6: years on Monday, with prices falling one hundred and forty dollars.
Speaker 9: I'm calling it a crash in the last two days,
Speaker 9: a crash and a half, well.
Speaker 3: A crash and a half.
Speaker 4: That is bad news for gold investors and also a
Speaker 4: terrible movie sequel.
Speaker 3: So it turns out gold.
Speaker 4: Reacts to supply, demand, fear, and hubris like every other
Speaker 4: commodity in the history of markets.
Speaker 3: Unless the only thing I have.
Speaker 10: To fear is the government, quite frankly, the government lying
Speaker 10: to you, the media telling you the truth. I mean,
Speaker 10: gold is the original gold standard, and something doesn't smell right.
Speaker 1: I've missed you so much.
Speaker 3: So the choice is clear.
Speaker 4: Either internationally overpriced commodity had a totally normal, predictable price correction,
Speaker 4: or everyone in the world's free markets, media and government
Speaker 4: is lying to trick us into selling our precious gold.
Speaker 4: And if we can't trust the c NBC ticker, who
Speaker 4: should we listen to.
Speaker 10: Don't listen to anyone but yourself, do your own homework,
Speaker 10: use your common sense, and then listen to the ultimate advisor.
Speaker 1: God you know what.
Speaker 3: You are absolutely right, just out of curiosity.
Speaker 4: Let me see here, what does God say about idolizing
Speaker 4: gold as if it has supernatural powers?
Speaker 3: Let me see here, joke thirty one, Right here, job
Speaker 3: thirty one. If I have put my.
Speaker 4: Trust in gold or said to pure gold, you are
Speaker 4: my security, I would have been unfaithful.
Speaker 9: To God on high.
Speaker 4: That's kind of ambiguous.
Speaker 3: All right, Let's try another one. Ah Exodus, my favorite
Speaker 3: chapter thirty two. Oh what a great sin these people
Speaker 3: have committed. They have made themselves gods of gold or
Speaker 3: in other words.
Speaker 9: I'm daughters.
Speaker 3: I believe that's a cell. You know, the whole point
Speaker 3: of turning to God for gore?
Speaker 1: Once?
Speaker 12: John, I think we have something we can agree on.
Speaker 3: Oh my god, it's a great millionaire. You are still
Speaker 3: a millionaire?
Speaker 5: Right?
Speaker 3: You are still a millionaireriter? Or did you lose it
Speaker 3: all in gold?
Speaker 9: John?
Speaker 1: I'm no rude.
Speaker 12: What I want with some tawdry nugget than any smelly
Speaker 12: prospector with a pan can scoop out of a country crick.
Speaker 3: I don't think it's ridiculous.
Speaker 4: Do you think this random substance has some intrinsic value
Speaker 4: that's immune to market force?
Speaker 12: It's completely ridiculous, John, I'm gold. It's no beryllium.
Speaker 3: Yes, it's what beryllium.
Speaker 12: Yes, that's a different random substance, but this one is
Speaker 12: immune to market forces. Here let me show you on
Speaker 12: my periodic table of invest elements. Now here is gold,
Speaker 12: that is garbage, platinum and silver going the same way.
Speaker 4: Sure, sure, sure, sure share.
Speaker 1: So what do you want to invest in?
Speaker 9: John?
Speaker 3: Helium is always fun party helium.
Speaker 12: You can't make a commemorative coin out of helium. First
Speaker 12: rule of invest elements, John Noble gases returns goodbye.
Speaker 3: But but you're talking about beryllium, brillium.
Speaker 12: All understand instinctively the timeless allure of beryllium. That's where
Speaker 12: all deranged millionaires put our money. And now thanks to me,
Speaker 12: so can you? Oh hey, I'm John Hodgman for beryllium.
Speaker 12: You know, don't let people scare you into buying gold.
Speaker 12: Let me scare you into buying beryllium, prized by human
Speaker 12: civilization since nineteen fifty seven. For its drab gray color,
Speaker 12: beryllium is as versatile.
Speaker 3: As it is solid.
Speaker 12: Look these beautiful dimes, now that I've coated them in
Speaker 12: rare beryllium dust, I'm selling them for three hundred thousand
Speaker 12: dollars now. Brilliants not just for coating coins. It can
Speaker 12: also be fashioned into some beautiful jewelry. Berrillium invest in
Speaker 12: the future, caution, do not fashion into beautiful jewelry. Brilium
Speaker 12: is highly corrosive to human skin. Earlium is a Category
Speaker 12: one percinogen. In relation of brillium dust, this is a
Speaker 12: lung disease name as brilliums. That's burning my head.
Speaker 3: Wow, that's an intriguing product. I can't help noticing you're
Speaker 3: losing some hair now.
Speaker 12: Well the risks are outlined another molar. So how much
Speaker 12: brillium can I put you down for a job?
Speaker 3: All right, I'll get back to you.
Speaker 4: Thank you, everymum, Sean Hodgman, everybody will be right back.
Speaker 14: Hard the stock market it's like a casino without the buffets.
Speaker 14: And for the last twenty four hours it's been on
Speaker 14: a wild ride.
Speaker 6: Breaking news tonight, market meltdown as the coronavirus spread. Stocks
Speaker 6: take a nose dive, the Dow closing down more than
Speaker 6: two thousand points, the market's worth day since the two
Speaker 6: thousand and eight financial crisis.
Speaker 1: Wall Street's wild ride continued today.
Speaker 2: The Dow surged after President Trump talked about an economic
Speaker 2: stimulus plan. You see, stocks rallied in that final hour
Speaker 2: of trading, up eleven hundred points to finish the day
Speaker 2: at twenty five eighteen.
Speaker 9: Man, the stock market is crazy.
Speaker 14: Yesterday it crashes, then today it surges again, like it's
Speaker 14: so extra right now. It's always weird to me how
Speaker 14: the stock market never seems to have any sense of
Speaker 14: history all right, because it's like everything that happens is
Speaker 14: happening forever, and then everything that's good as happening for.
Speaker 9: It's almost like the way dogs.
Speaker 14: That's who seems like they run the stock market, right,
Speaker 14: because that's how dogs out.
Speaker 9: Whatever's happening is happening forever. When you leave the house,
Speaker 9: they're just like, oh no, you're leaving, You're going, You're
Speaker 9: going forever. I'm gonna start. I'm gonna die, Oh my god.
Speaker 9: And then you come back, they're like, your home, You're
Speaker 9: never gonna leave. That says so great, we're gonna do this.
Speaker 9: WoT you're going again. I'm gonna die. Just breathe, stock market.
Speaker 14: But yes, the stock market dropped two thousand points yesterday,
Speaker 14: wiping out five hundred and twenty eight billion dollars, which
Speaker 14: I'll be honest, I never understand because like, where did
Speaker 14: it go?
Speaker 9: What do you mean you lost five hundred and twenty
Speaker 9: eight billion? Like is that? Every time they say that,
Speaker 9: I'm like, have you checked your other jeans? That's where
Speaker 9: most of the money is.
Speaker 14: And a lot of people are afraid of the market
Speaker 14: these days, But I'm making money consistently on the stock market.
Speaker 9: I'll even share my tip with you. Guys.
Speaker 14: Forget investing in companies. What I do is I put
Speaker 14: all my money in green lines that go up and
Speaker 14: red lines that go down. Yeah, I make a fortune
Speaker 14: no matter what. I also don't understand finance, and I
Speaker 14: normally don't feel sorry for Wall Street with the coronavirus.
Speaker 14: I feel like they're going through a lot, Yeah, because
Speaker 14: the one thing guys on Wall Street like to do
Speaker 14: when Wall Street is crashing is the one thing you're
Speaker 14: not allowed to do because of Corona put your hands
Speaker 14: on your face.
Speaker 9: Yeah. So they spent all day yesterday like, oh no,
Speaker 9: my money, oh no Corona, Oh no, my money, oh no, Corona.
Speaker 14: Big news from the stock markets. You know the app
Speaker 14: that they pre install on your phone to make you
Speaker 14: feel dumb. Since the stock market recovered from the COVID
Speaker 14: tumble in twenty twenty, Wall Street has been having a blast,
Speaker 14: and the more stocks you owned, the better time you
Speaker 14: were having, which is why Warren Buffett has got those
Speaker 14: new grills. But over the last year, inflation has been rising,
Speaker 14: the Federal Reserve has been raising interest rates to cool
Speaker 14: the economy down, and now it looks like the good
Speaker 14: times in the stock market might be officially over all.
Speaker 3: Eyes on Wall Street once again this morning was yes.
Speaker 7: Today the stocks plummeted, pushing the SMB five hundred official
Speaker 7: into bear market territory.
Speaker 15: The dal Jones industrials now sixteen percent lower for the year,
Speaker 15: the tech and biotech heavy NASTAC down thirty percent year
Speaker 15: to date, and the broader SMP index common in Americans
Speaker 15: portfolios sliding into bear market territory, down twenty one percent
Speaker 15: this year. Real money that Americans have sked to one
Speaker 15: day retire, pay for kids, college, or a new house.
Speaker 15: The advice from most financial experts, despite the high stress
Speaker 15: and the anxiety, don't panic.
Speaker 14: There's no need to panic.
Speaker 3: The truth of the matter is don't panic.
Speaker 1: Sorry, what did they say?
Speaker 9: I was too busy chugging that a comicky large bottle
Speaker 9: of Xena.
Speaker 14: I'm not panic, by the way, I'm just addicted to pills.
Speaker 14: But yes, people, these are scary times for stocks because
Speaker 14: we are now officially in a bear market, which is
Speaker 14: when people are so broke they have to blow Paddington
Speaker 14: in a parking lots.
Speaker 1: Oh heavens, Oh heavens, Oh heavens.
Speaker 14: Obviously I'm joking, joking, Paddington doesn't have a penis. A
Speaker 14: bear market is basically when the SMP has dropped twenty
Speaker 14: percent from its previous high, which for many can be
Speaker 14: very stressful. Yeah, right now, everyone who's looking at their
Speaker 14: a trade account. It feels like the same way you
Speaker 14: look when you know, when you're looking at your ex's
Speaker 14: wedding photos on Instagram, You're just.
Speaker 15: Like, why why do I keep looking?
Speaker 8: Why?
Speaker 1: Why am I I'd like my mistake?
Speaker 9: No, I liked it.
Speaker 1: Now I have to comment, I wish you all that
Speaker 1: bears DA.
Speaker 14: But even if you don't own stocks, a bear market
Speaker 14: is often a signal that a recession might be coming,
Speaker 14: and that affects everybody.
Speaker 9: The economy slows down.
Speaker 14: Unemployment goes up, Africans become president, and your mom starts
Speaker 14: buying the generic cereals with the knockoff mascots.
Speaker 1: Yeah, Terry the Tiger says they're adequate.
Speaker 9: And by the way, it's not just the stock market
Speaker 9: that's falling right now.
Speaker 14: Yeah, crypto is crashing even harder, with bitcoin plummeting sixty
Speaker 14: seven percent from its high, which.
Speaker 9: I find really interesting.
Speaker 14: Because for like the past ten years, every single crypto
Speaker 14: bro I've met has told me that crypto would protect
Speaker 14: me when the mainstream economy failed.
Speaker 1: You heard them, they were everywhere.
Speaker 14: Crypto people would act like you were the crazy one
Speaker 14: for not investing your life savings into a coin some
Speaker 14: Swedish teenager invented last week.
Speaker 1: Oh you not in Doggie monkey coin?
Speaker 14: What a loser.
Speaker 9: You know what's even crazier is that the crypto crowd
Speaker 9: is blaming Biden for this. No, here's here's the thing.
Speaker 14: You can blame a president for a lot of things, inflation, unemployment,
Speaker 14: not being able to cheer for your son Brandon in
Speaker 14: a soccer game without it becoming a whole thing.
Speaker 9: But you can't blame it for crypto. No, my man,
Speaker 9: if an.
Speaker 14: Eighty year old man who doesn't even know what bitcoin
Speaker 14: is can crash your crypto, then your crypto ain't shit.
Speaker 3: I said it.
Speaker 1: Yeah, I know you're.
Speaker 14: Mad that your Jenga tower fell down, but that's what
Speaker 14: happens when you play Jenga.
Speaker 9: Because remember, like, this is what they said to everybody.
Speaker 9: They said, old crypto is gonna.
Speaker 1: Save you from the market.
Speaker 3: That's what crypto is.
Speaker 1: It protects you.
Speaker 14: They made it seem like it was a parachute that
Speaker 14: would protect us all from the economy. And then now
Speaker 14: the plane is crashing, and then it turns out the
Speaker 14: parachute is attached to the plane.
Speaker 1: You're like, what is this, Oh, it's all going down.
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