Speaker 1: You're listening to comedy Central. Wow, I'm by no means
Speaker 1: an economist, no ama and experts on stock markets and
Speaker 1: all things finance related. But you have to admit a
Speaker 1: lot of what happens on Wall Street seems like a scam.
Speaker 1: Like I really like today was one of the strangest
Speaker 1: things to read. It was yesterday stock market goes up?
Speaker 1: Why does stock market go up? Because they say they
Speaker 1: were happy that Jerome Pale said they wouldn't the Fed
Speaker 1: would never increase the interest rate by more than half
Speaker 1: a percent, so they were like yeah, and then went up.
Speaker 1: And then today was crazy, the markets like crashing in
Speaker 1: a way. It was like you know what, They're like,
Speaker 1: it's a blot batters And I was like why and
Speaker 1: they're like, oh, because they misinterpreted what he said. And
Speaker 1: then was like wait, wait, wait, wait wait. First of all,
Speaker 1: how does that happen? How is how markets changing because
Speaker 1: somebody reads something or understands and all of you at
Speaker 1: the same time. And then secondly, why do markets do that?
Speaker 1: Does that make sense? Like that's something I was like,
Speaker 1: why do markets have the ability to do that? Why?
Speaker 1: It was like jumping in fortunes than going down and
Speaker 1: like all of it. This is like a like a
Speaker 1: scamming nature to the whole thing. And I think they've
Speaker 1: tricked everyone into going like, no, it's the economy. It's
Speaker 1: for you. It's for you. All of good economy good
Speaker 1: for you. And you're like, is it though for everyone?
Speaker 1: It's like, yeah, it's good for you. And I get
Speaker 1: it for like, you know, people's retirements, and I get
Speaker 1: it for four one case, and I understand those aspects
Speaker 1: of it, but I've realized there's so many things that
Speaker 1: are like designed in such a slick scamming way, Like
Speaker 1: the Elon Musk Twitter thing is one of the best examples. Right.
Speaker 1: People argue that you cannot tax billionaires on the shares
Speaker 1: that they hold in a company because it is an
Speaker 1: unrealized gain. Right, So they go like, yeah, you're worth
Speaker 1: but we can't taxt you on those stocks because you
Speaker 1: haven't sold the shares, so you don't like have the money, right,
Speaker 1: But you're worth the money, but you don't have the money,
Speaker 1: And so I understand the argument. They go like, no,
Speaker 1: you don't have it, it's just what it's worth because
Speaker 1: it girls to crash and then you have nothing, so
Speaker 1: we can't hex you on it. Then I'm like, okay,
Speaker 1: I understand that. So you context the people on a
Speaker 1: thing because they don't have it, it's just there. Okay, fine.
Speaker 1: Then Elon Musk offers to buy Twitter. All right, He
Speaker 1: offers to buy it, and then he says in his offer,
Speaker 1: he goes, I'm putting up my Testlas stock as collateral.
Speaker 1: Then I'm like, so you you do have it? And
Speaker 1: he's like no, no, no, no, no, I don't have it.
Speaker 1: I don't have it. I'm just gonna say so. Then
Speaker 1: they accept the offer. He now buys Twitter. Now that
Speaker 1: they've accepted his offer, he now goes to private equity
Speaker 1: and banks and like other rich people and whatever. He
Speaker 1: goes like, can you guys borrow me the money to
Speaker 1: buy Twitter? And then he's like, I'm I want to
Speaker 1: buy Twitter because I don't want to sell any of
Speaker 1: my test Las shares, so I want to use your
Speaker 1: money to buy Twitter. And then it's like but then
Speaker 1: they're like what are we leaning against? And he's like,
Speaker 1: well my test La shares. Then I'm going like wait, wait,
Speaker 1: so you you can you can buy a thing based
Speaker 1: on what you have? Yes, but when we want to
Speaker 1: text you you can say I don't have it, do
Speaker 1: you do you hear what I'm saying here and now,
Speaker 1: like just to just think of like the logical, it's
Speaker 1: like it's such a fun game that like billionaires get
Speaker 1: to play because all their money is in that right,
Speaker 1: Like like if you earn your money as a salary,
Speaker 1: that your money just get taxed. That's it. You can't
Speaker 1: be like like the IRIS comes and you can't be
Speaker 1: like I don't have the money. You can't be like
Speaker 1: that money is in the bank. I don't have the money.
Speaker 1: What money. It's in the bank only when I take
Speaker 1: it out there and you can tax me for now
Speaker 1: it's in the bank, Irish No, IRIS is like, don't worry,
Speaker 1: We've got your pin number. We'll handle this right. But
Speaker 1: then if you have billions in shares, you can then
Speaker 1: use that as money to then get more money, but
Speaker 1: not get taxed on any money because you don't have money.
Speaker 1: And now I'm not saying that you should text people
Speaker 1: based on an unrealized game, because I understand for a
Speaker 1: market and an economy that might be crazy. But I
Speaker 1: am saying it seems to me that you then shouldn't
Speaker 1: be able to use a thing that's unrealized as collateral.
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