WEBVTT - FOAMER SIMPSON ON COUNTERFEIT SNEAKERS BEING A $450 BILLON INDUSTRY

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

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<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 1>crossings are at the lowest levels ever recorded, and over

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<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 1>are here illegally, your next you will be fined nearly

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<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

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<v Speaker 1>never return. But if you register using our CBP home

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<v Speaker 1>app and leave now, you could be allowed to return legally.

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<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 1>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security.

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<v Speaker 3>The counterfeit market I've actually read is actually booming and

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<v Speaker 3>they've become really good. Like you said, sometimes you can't

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<v Speaker 3>even tell the difference between counterfeit, So is that all

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<v Speaker 3>coming out of like China or is it counter fits

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<v Speaker 3>like just all over everywhere at this point, and you

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<v Speaker 3>just really don't know because they said, like sometimes you

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<v Speaker 3>really don't even know if it's if it's real or Notough.

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<v Speaker 4>I think they sees like it was like a seventeen

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<v Speaker 4>million dollar season at the border, like they got a

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<v Speaker 4>shipment of just fake Jordan's seventeen million do that it

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<v Speaker 4>was crazy.

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<v Speaker 5>Yeah, I think they are mostly from China. I'm not

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<v Speaker 5>super familiar with it because we completely stay away from it.

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<v Speaker 5>There's been other sneaker YouTube channels that have dove much

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<v Speaker 5>deeper into that, where you know, maybe they'll compare a

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<v Speaker 5>real pair and a fake pair or try to educate

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<v Speaker 5>people in that regard or whatever. So they've got their

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<v Speaker 5>hands on the fake pairs, but we don't really do

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<v Speaker 5>anything in that regard. But yeah, I think I guess

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<v Speaker 5>they've got you know, Big Fact three is over in

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<v Speaker 5>China and they're getting better and better at at making

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<v Speaker 5>them look damn near identical.

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<v Speaker 3>Well, they probably make them in the same factor they

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<v Speaker 3>make the real ones. Prob they're because it's like this,

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<v Speaker 3>it's a factory in China that's making the real ones.

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<v Speaker 3>So what's the difference between They'll just put summerside for fake.

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<v Speaker 3>They actually probably aren't real.

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<v Speaker 4>Now, this dude's making billion. They had Advice had a

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<v Speaker 4>whole show on the fake retail market.

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<v Speaker 2>This dude's making millions.

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<v Speaker 4>Yeah, he's making millions of dollars and everybody knows it.

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<v Speaker 4>But the thing is, like, yo, I could just fit

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<v Speaker 4>in with this fifteen pair of fifteen dollars pair of sneakers,

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<v Speaker 4>or I could have the one hundred and eighty dollar

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<v Speaker 4>pair sneakers. They don't look the same, and when I

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<v Speaker 4>walk out the side, you're not going to know difference anyway.

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<v Speaker 3>Now, But that you know what. That's crazy though what

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<v Speaker 3>you said as far as like predicting events, because that

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<v Speaker 3>reminds me of the stock Like we look at we

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<v Speaker 3>buy stock and were like iPhone thirteen is about to

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<v Speaker 3>come out, so we predict that Apple's stock price is

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<v Speaker 3>going to go out. It's all an educated guest. We

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<v Speaker 3>don't really know it not, So I never really looked

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<v Speaker 3>at it as far as sneaker is in the same capacity.

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<v Speaker 3>But yeah, you could say, okay, like let's say that

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<v Speaker 3>you know, Lebron decides he's going to retire after this season,

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<v Speaker 3>then the last sneaker that he puts out hypothetically could

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<v Speaker 3>be more valuable because he's not gonna put ot anything.

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<v Speaker 4>That literally happened this year with the untimely death of

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<v Speaker 4>Kobe Bryant. Yeah, so like Kobe pass. And now if

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<v Speaker 4>you try to get any Kobe shoe, any of the

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<v Speaker 4>thirteen or fourteen ones he put out, they're over four

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<v Speaker 4>hundred dollars each. Like whereas when he was alive and playing,

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<v Speaker 4>that wasn't the case, like you could buy a Kobe

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<v Speaker 4>shoe outside like the Kobe Nines. When he came out

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<v Speaker 4>the high Top and it changed, it was like it

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<v Speaker 4>was affordable to do. And now it's like, yo, four

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<v Speaker 4>hundred dollars at the minimum.

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<v Speaker 3>So but Mike, let me let me ask you this,

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<v Speaker 3>what is the How does sneakers actually get value? Because

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<v Speaker 3>to me, it's looking if he's like I said, I'm

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<v Speaker 3>not a sneakerhead, but I saw you did a review

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<v Speaker 3>on your on your page a few days ago with

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<v Speaker 3>the off white something off white OZ. Yeah, it looked

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<v Speaker 3>it looked like it was it was a dope sneaker

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<v Speaker 3>to me. But she was like, you can actually get

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<v Speaker 3>it for a cheaper price now, So it seems to

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<v Speaker 3>me like the randomnest sneakers just go up crazy, Like,

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<v Speaker 3>is there like a rhyme or reason to why sneakers

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<v Speaker 3>are valued at what they're valued on the secondhand market.

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<v Speaker 5>I think it's just what the consumer kind of pushes

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<v Speaker 5>it to and or lets it drop to. You know,

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<v Speaker 5>it really is, and that's why sometimes you'll see people,

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<v Speaker 5>you know, complaining about prices, and even me sometimes I'm like, man,

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<v Speaker 5>I can't I want that sneaker, but I'm not going

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<v Speaker 5>to pay that. But it's us who set the market.

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<v Speaker 4>You know.

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<v Speaker 5>It's supply and demand like anything else. And obviously certain

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<v Speaker 5>sneaker releases are more limited, so already the supply is low,

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<v Speaker 5>so then if the demand is even up a little bit,

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<v Speaker 5>it's going to be something. It's going to reflect that

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<v Speaker 5>in the resell price of the sneaker. So it's it

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<v Speaker 5>is something that's pretty hard to predict. Like I said,

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<v Speaker 5>it's not to me, it would be a headache, you know,

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<v Speaker 5>Like I know, if if that's something that you're doing

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<v Speaker 5>for a living, which I know plenty of people who

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<v Speaker 5>do do that and do very well for themselves. But

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<v Speaker 5>to me, that would be. It's too wishy washy for me.

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<v Speaker 5>It's too like I like to.

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 1>accused of murdering a Texas. Man of Venezuelan charged with

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<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

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<v Speaker 1>Secretary of Homeland Security under President Trump, attempted illegal border

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<v Speaker 1>crossings are at the lowest levels ever recorded, and over

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<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 1>are here illegally, your next you will be fine nearly

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<v Speaker 1>one thousand dollars a day, imprisoned and deported, you will

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<v Speaker 1>never return. But if you register using our CBP home

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<v Speaker 1>app and leave now, you could be allowed to return legally.

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<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 1>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security.

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<v Speaker 5>A little bit more certain about stuff, and so it's

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<v Speaker 5>it is really tough to predict sometimes.

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<v Speaker 2>But you know, if you.

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<v Speaker 5>Really have your ear to the street, so to speak,

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<v Speaker 5>and by that I mean just really on social media,

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<v Speaker 5>because that's what things are these days, you can kind

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<v Speaker 5>of feel it starting to bubble, you know, like these

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<v Speaker 5>nikesb sneakers. You know, Nike skateboarding is something that several

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<v Speaker 5>years ago were really popular, and then over the past

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<v Speaker 5>few years they kind of got stagnant. No one really

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<v Speaker 5>wanted them other than people who were skating in them,

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<v Speaker 5>but they had no resell value, and now over the

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<v Speaker 5>last year or so, it's just bananas. Like it was

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<v Speaker 5>a pair that I had, and they were reselling for

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<v Speaker 5>like two grand and retails like a hundred bucks.

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<v Speaker 2>So it's but.

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<v Speaker 5>About a year ago, you could feel it start to bubble,

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<v Speaker 5>you know, you could people were talking about them more,

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<v Speaker 5>were posting more. You could see you could see the

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<v Speaker 5>resell prices kind of climbing a little bit, the releases

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<v Speaker 5>being a little bit more hyped up, the sneaker blogs

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<v Speaker 5>covering the stuff more, and so you can you can

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<v Speaker 5>feel it start to bubble. It's not like a complete

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<v Speaker 5>shot in the dark, but it is something that you

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<v Speaker 5>got to really be in tune with if if that's

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<v Speaker 5>how you're going to make your money.

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<v Speaker 4>Yeah, So the SB, I'm glad you brought that up

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<v Speaker 4>because the SB obviously, and we're going to talk about

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<v Speaker 4>the Ben and Jerry that you got. We need to

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<v Speaker 4>talk about that because I saw the post. We're gonna

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<v Speaker 4>talk about that. We got to talk about that. But

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<v Speaker 4>the SB has, like you said, like a year ago,

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<v Speaker 4>came back and I feel like it was a Travis

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<v Speaker 4>Scott effect, Like that's the power of influence. Like every

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<v Speaker 4>time Travis Scott woul put on the ASB, whether it

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<v Speaker 4>was the Diamond or the ones he made you would

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<v Speaker 4>see that shoe go up. But prior to that, I think,

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<v Speaker 4>and maybe you can add to this, the one that

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<v Speaker 4>changed the way sneakers looked at I think it has

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<v Speaker 4>to be the SB Pigeon.

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<v Speaker 5>No, well, I mean that was that was one of

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<v Speaker 5>the first sneakers that really created like a real, real craze,

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<v Speaker 5>you know, and so yes, but I think there's been

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<v Speaker 5>an ebb and flow to sneakers, and I mean, really

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<v Speaker 5>everything goes that way, but it's the things will be

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<v Speaker 5>sky high and then you know, they'll kind of gradually

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<v Speaker 5>slide back down and then something will happen where it

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<v Speaker 5>booms again. And I think what you said about Travis

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<v Speaker 5>Scott is is I think you really nailed it on

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<v Speaker 5>the head, you know, especially now social media, Like I

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<v Speaker 5>think that that's the ingredient that took sneakers from a

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<v Speaker 5>much more niche really much smaller group of people that

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<v Speaker 5>really really cared about it and really took it to

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<v Speaker 5>where it's at now. I mean social and a big

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<v Speaker 5>part of that social media is, like you said, the

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<v Speaker 5>Travis Scotts of the world, the celebrities. You know, You've

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<v Speaker 5>got Kylie uh Jenner on on wearing sb's and you

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<v Speaker 5>know a lot of sneaker people were upset because they

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<v Speaker 5>were like, oh, she's not.

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<v Speaker 2>You know, she's getting them for free.

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<v Speaker 5>Well yeah, and like, yo, she's she's new to this.

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<v Speaker 5>And but the truth of the matter is they still

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<v Speaker 5>have incredible influence. And when people start seeing that stuff

0:11:23.040 --> 0:11:26.400
<v Speaker 5>on Instagram and they start saying, I want that sneaker,

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<v Speaker 5>I want that one, and and you know, now they're

0:11:28.800 --> 0:11:32.480
<v Speaker 5>on stock x or now they're you know, searching to

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<v Speaker 5>you know, where they can find the sneaker. And so

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<v Speaker 5>celebrities have really boomed things in my opinion, and Instagram specifically,

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<v Speaker 5>and you know, just social media in general.

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<v Speaker 2>I guess.

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<v Speaker 3>My graduates from my school being false bad drop drop,

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<v Speaker 3>drop bagdrop.

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christy Noman, the United States

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<v Speaker 1>Secretary of Homeland Security under President Trump, attempted illegal border

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<v Speaker 1>crossings are at the lowest levels ever recorded, and over

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<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 1>are here illegally, your next you will be fine nearly

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<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

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<v Speaker 1>never return. But if you register using our CBP home

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<v Speaker 1>app and leave now, you could be allowed to return legally.

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<v Speaker 1>Do what's right, leave now. Under President Trump America's laws,

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<v Speaker 1>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security,