Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
Speaker 1: accused of murdering a Texas man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
Speaker 1: crossings are at the lowest levels ever recorded, and over
Speaker 1: one hundred thousand illegal aliens have been arrested. If you
Speaker 1: are here illegally, your next you will be fined nearly
Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
Speaker 1: never return. But if you register using our CBP home
Speaker 1: app and leave now, you could be allowed to return legally.
Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
Speaker 1: border and families will be protected.
Speaker 2: Sponsored by the United States Department of Homeland Security.
Speaker 3: Let's talk about a little crypto, shall we Yeah? So
Speaker 3: stable coin us DC breaks dollar PEG after firm reveals
Speaker 3: it has three point three billion million dollars in sv
Speaker 3: B exposure.
Speaker 4: Three point three billion.
Speaker 3: Stable coin is one of these. So stable coin is
Speaker 3: extremely important because that's the stable coin. Right. So the
Speaker 3: thing with crypto is that crypto currency, the word currency
Speaker 3: is a little misleading because most people aren't using it
Speaker 3: as currency. Currency can't really fluctuate like that you're.
Speaker 5: Paying an over shot because they always savy bashing crypto.
Speaker 5: Well you're like a fifty millimeters or something.
Speaker 3: Oh I do I do want to about to put
Speaker 3: the Z on them. I do want to talk all
Speaker 3: crypto too, because you and me and ab actually had
Speaker 3: an enlightened conversation with Chris Lions, you know Chris Lions. Yeah,
Speaker 3: so I'll talk about that actually. But all right, so
Speaker 3: stable coin, right, this is important because let's say, like
Speaker 3: if you're trying to use bitcoin as a currency, we
Speaker 3: know how vild to bitcoin is, right, So it's hard
Speaker 3: for me to use any type of currency and say, Okay,
Speaker 3: I'm going to get my hair cut, and my haircut
Speaker 3: costs forty dollars today, next week is going to cost
Speaker 3: sixty dollars because the price of the currency fluctuated or
Speaker 3: is going to cost twenty dollars next week, Like you can't.
Speaker 3: It got to be stable, like the dollars. The dollar
Speaker 3: it changes over the cost of time, but it doesn't
Speaker 3: change that drastically where it's just like, oh, now the
Speaker 3: dollar's worth twenty cents tomorrow. So the stable coin was
Speaker 3: designed to be just that stable right where it doesn't
Speaker 3: really change, stays the same. You have stability if you
Speaker 3: want to get in and out of coins, if you
Speaker 3: want to just park your money somewhere, if you want
Speaker 3: to just have something that does not move but it's
Speaker 3: still not centrally backed, the stable coin is your alternative. Now,
Speaker 3: stable coins have had a lot of issues in stability,
Speaker 3: and that has caused even more fear in the crypto market.
Speaker 3: So this is something that's extremely important. Three point three
Speaker 3: billion in the sv B exposure situation. So what this
Speaker 3: tell us about stable coins and the whole crypto space
Speaker 3: in general.
Speaker 5: Trial Let you go first, before go on.
Speaker 6: No, I mean, it's an interesting thing because I just
Speaker 6: spoke about USDC like two weeks ago, and we had
Speaker 6: the privilege of sitting down with some of the leadership
Speaker 6: and maybe hopefully, you know, we can get them to
Speaker 6: come on and talk about it. But we need you
Speaker 6: now more than ever, right, And one of the things
Speaker 6: that we spoke about was the education around the space,
Speaker 6: and we talked about regulation, and this is one of
Speaker 6: those coins quote unquote that was in that realm of
Speaker 6: being relegated. And to see it, like you said, the
Speaker 6: word stable is like supposed to be a standard, and
Speaker 6: so to see that as the exposure and then to
Speaker 6: watch a goun on in ninety cents, it's like, yeah,
Speaker 6: the numbers don't lie, right.
Speaker 4: So the word I'm going to use is it increases
Speaker 4: the angst of people.
Speaker 6: Who are trying to get into space and try to
Speaker 6: have further education about it because they're watching these things
Speaker 6: happen in real time. The negative, the negative, the negative,
Speaker 6: the negative. And then it was like, oh wait, there's
Speaker 6: a regulation. This might be a positive for the space,
Speaker 6: and this could be something that can actually help elevate
Speaker 6: the space to get more people into it.
Speaker 4: Now we see this, it's like.
Speaker 5: If I were Family Diamond right now, I'll be going
Speaker 5: to the White House tonight and saying, Hey, we need
Speaker 5: to protect the American people. Let's speed up this initiative
Speaker 5: to put out our own stable coin and let it
Speaker 5: be government backed. Part of this is a part of
Speaker 5: the planned destruction of crypto, so that the government can't,
Speaker 5: which I told.
Speaker 4: Him, is well, it's it's that same thing, right.
Speaker 6: It was like, Yo, let's destroy it to the point
Speaker 6: where people have no trust and come in and become
Speaker 6: the saviors of the space.
Speaker 5: Because during every crisis there is room for a tyrant
Speaker 5: or a new regime to come in to pitch safety.
Speaker 5: The stable coin thing, it never made sense to me.
Speaker 5: And I know for all of you that you know
Speaker 5: are in the crypto community, is this not the time
Speaker 5: for me to bash anything because all of us investors
Speaker 5: need stick together. But even if something is stable and
Speaker 5: it's staying flat at one percent of at one dollar,
Speaker 5: if inflation goes up, aren't you negative technically? So if
Speaker 5: you invested in twenty seventeen or twenty eighteen or twenty
Speaker 5: nineteen and twenty twenty three, that's stable coin. The one
Speaker 5: dollar is actually negative. There's no stability. You are either
Speaker 5: growing or dying. There's no asset class. It just stays
Speaker 5: flat across the board. It is impossible. It is a
Speaker 5: mathematical improbability. Sounds good but in theory, and I ask everyone,
Speaker 5: or do you have any money tied to a stable
Speaker 5: coin right now? But who came up and funded the
Speaker 5: stable coin initiative the venture capital community.
Speaker 6: So originally it was for years it was tether and
Speaker 6: she got untethered and it was like, all right, if
Speaker 6: you know, just for in terms of how volatile the
Speaker 6: space is. It was like, all right, put your money
Speaker 6: here when you see these volatile times coming and it
Speaker 6: should be flat.
Speaker 4: You're not going to lose your mond. And then we
Speaker 4: see Taylor, Yeah, come apart. You know what it is.
Speaker 5: Stable Index funds to tech too.
Speaker 3: Index.
Speaker 5: No stress. I know you're tired of me saying it,
Speaker 5: and it's working. Apple amazing, Microsoft amazing. If I've made
Speaker 5: you money, please put yes and shut. I know my
Speaker 5: takes are not always the most favorable, but the advice
Speaker 5: is immaculate.
Speaker 3: So another thing, so going to this Chris Lions situation
Speaker 3: because Chris, I get some background on Chris Lions, is
Speaker 3: so all these people that I'm telling you guys like
Speaker 3: remember I said, Paul Judge, Richard Dennis, of course you
Speaker 3: already know who Don Peebles is legend, and we've introduced
Speaker 3: you to a variety of other different people. Ryan Glover
Speaker 3: He's another like these. So these people that I'm telling
Speaker 3: you about, right, you as an intelligent person. You should
Speaker 3: be googling these people to find out who they are,
Speaker 3: to see how you can add value to them, to
Speaker 3: see how you can get next to them, some of
Speaker 3: their thought processes that they've grossers of the worlders. These
Speaker 3: are people that are not celebrities, that don't have a
Speaker 3: million followers on social media. But these are the real
Speaker 3: people that's really moving things out here. So and they're
Speaker 3: all black, so that's important. When I'm just I'm not
Speaker 3: just saying these people's names, I'm actually saying these names
Speaker 3: to actually potentially help you, because if you don't know
Speaker 3: who they are, you you don't even you just walk
Speaker 3: right past them. Megan Meghan, yep, exactly, So all right,
Speaker 3: Chris lines he's the guy that actually started the Cultural
Speaker 3: Leadership Fund. So Meghan is the head of the Cultural
Speaker 3: Leadership Fund with adrecon Harwis a sixteen Z Howis is
Speaker 3: the largest one of the largest venture capital firms in
Speaker 3: the world. Ben Horwitz, it's our guy casually, so so
Speaker 3: Chris is a very interesting guy. But he is part
Speaker 3: of a Dreson Horwitz and started the Culture Leadership Fund
Speaker 3: even though he doesn't work on a coach. Leadership Fund anymore.
Speaker 3: He actually started it. Now he's on the crypto side.
Speaker 4: He's a prodigy.
Speaker 3: Yeah, he's invested in clubhouse doing all all kinds of stuff.
Speaker 6: So I'll let you finish suggest that he comes under
Speaker 6: the tutelage of Ben Horowitz. Right, So they saw his potential,
Speaker 6: they saw how inscitible his work, ethic was, his brilliance,
Speaker 6: and they're like, look, we're going to help you, uh,
Speaker 6: just become better at what you're doing. And outside of
Speaker 6: what comes from that is the Culture Leadership Fund.
Speaker 3: So all right, so that's who, that's who Chris Lions
Speaker 3: is for. For background reference, So the other day in
Speaker 3: l A me and a B we end up having
Speaker 3: dinner with Chris Lions. Is very random occasion, and we said.
Speaker 5: To you we all go where. We're gonna tell the location.
Speaker 3: It was at, give our spot, spot, that spot we
Speaker 3: frequent there. They're gonna be waiting with sALS.
Speaker 4: I know they was coming in that.
Speaker 3: Yeah, they're gonna be a with their trade and portfolios
Speaker 3: to ask for tips. But all right, so we haven't
Speaker 3: done it. Very random situation and we're just talking and
Speaker 3: he's a very big crypto enthusiast, so I'm asking him.
Speaker 3: I'm like, all right, just give me the real is
Speaker 3: it over the gig up? Just be honest with me
Speaker 3: the IRI and he was like, bro, like it didn't
Speaker 3: even start yet, Like it didn't even start yet. And
Speaker 3: he said something that was extremely insightful to me. He
Speaker 3: was like, you know the problem that everybody's making right
Speaker 3: now with crypto and web three and NFT.
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Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
Speaker 1: accused of murdering a Texas man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
Speaker 1: crossings are at the lowest levels ever recorded, and over
Speaker 1: one hundred thousand illegal aliens have been arrested. If you
Speaker 1: are here illegally, your next you will be fined nearly
Speaker 1: one thousand dollars a day in prison and deported. You
Speaker 1: will never return. But if you registered using our CBP
Speaker 1: home app and leave now, you could be allowed to
Speaker 1: return legally. Do what's right. Leave now. Under President Trump,
Speaker 1: America's laws border and families will.
Speaker 2: Be protected sponsored by the United States Department at Homeland Security.
Speaker 3: It is that they're all looking at it individually, singular.
Speaker 3: He's like, it's not going to work like that. He's like,
Speaker 3: it's only going to work when it's embedded and they're
Speaker 3: all working together, so you don't even realize that it's
Speaker 3: actually working. An example that he gave was GPS, and
Speaker 3: he was like, you know, when GPS was first created,
Speaker 3: it was you know, a revolutionary technology, and it has
Speaker 3: been beneficial for people just to use GPS on its own.
Speaker 3: He's like, but the real application in GPS is the
Speaker 3: things you don't even think about. He was like, Let's
Speaker 3: take Uber, right, He's like, Uber runs off GPS. There's
Speaker 3: no Uber without GPS. He's like, another application with Uber
Speaker 3: is payment processing. He's like, no payment processing is on
Speaker 3: their own. But how many things are integrated with payment
Speaker 3: processing that you don't even realize. So if you look
Speaker 3: at it like that Uber. So there's no Uber without GPS,
Speaker 3: there's no Uber. And without payment processing, there's no Uber
Speaker 3: without a smartphone. Right, There's no Uber without effective Wi Fi.
Speaker 3: All of these things merge together and create a great
Speaker 3: company like Uber. Right, So he was like, when the crypto,
Speaker 3: the NFTs, the web three, the blockchain, all of that,
Speaker 3: the i AI, all of that, at one point is
Speaker 3: all going to merge. It's not going to be just
Speaker 3: look at chat, GBT by itself, let's invest in bitcoin
Speaker 3: by itself, let's buy a board eight by itself. All
Speaker 3: of that is going to merge to the point where
Speaker 3: it's going to be a very organized package. You're not
Speaker 3: even going to fully realize it, and that's the real
Speaker 3: evolution of this Web three technology. And so he said,
Speaker 3: he's like, we're a long way away from that ten years.
Speaker 3: He didn't give a set timeframe, but he said what
Speaker 3: he said with some time wafe. But he was like,
Speaker 3: so it's so. His theory was that this is still early.
Speaker 3: People still haven't figured it out, corporations still haven't figured
Speaker 3: it out. But when they do figure it out, cryptocurrency
Speaker 3: is going to be at the center of that as
Speaker 3: far as the finance part of it, and it's only
Speaker 3: going to go up from there. He also said bitcoiny
Speaker 3: theory leading the way. Obviously, that's the safest play in
Speaker 3: the situation. He talked about a few others.
Speaker 5: But your name one other names for the audience.
Speaker 3: I forgot it. Damn, I forgot.
Speaker 5: That's a good The beating is playing on fire. I
Speaker 5: can't sing, Paul to play for the show. I gotta
Speaker 5: fly back all money in editor, gotcha, gotcha old money
Speaker 5: and no money.
Speaker 3: But so, yeah, so I just think that, you know,
Speaker 3: that's an interesting take, and I think, you know it's
Speaker 3: when he said it like that, I'm like, damn, I
Speaker 3: really thought about it, especially the GPS thing. So we'll see,
Speaker 3: we'll see. You know, right now crypto does not look
Speaker 3: too promising for a variety of different reasons from people
Speaker 3: the security issues, from from the fluctuation, the government to
Speaker 3: a variety of different things. But we'll see.
Speaker 4: It will take time to be woven into the fabric.
Speaker 3: So you know what's so crazy? I used to live
Speaker 3: in Hawaii, right and Hawaii?
Speaker 4: Hold on, what's it? Go ahead for those that didn't know,
Speaker 4: in Hawaii? And he played ball in Hawaii.
Speaker 3: Yes, that's the fact.
Speaker 4: Now I used to ship them CDs out there. But
Speaker 4: that's another thing.
Speaker 3: Continue, so beautiful islands. You know, it's a whole chain
Speaker 3: of islands, right, and you know, obviously everybody knows Hawaii
Speaker 3: waterfalls and rainforests and beaches and all of that stuff.
Speaker 3: But I'm sure you know, but most people don't know
Speaker 3: how Hawaii was actually formed. It was formed through a
Speaker 3: volcanic explosion. Right, So the volcano explosion thousands millions, millions
Speaker 3: of years ago, huge volcanic explosion erupted underground and all
Speaker 3: of those there was all volcanic rock. So it's crazy
Speaker 3: because the oldest island is all Green Kawhi. They called
Speaker 3: the Green Island right, and that's because it's so over
Speaker 3: the course of time, the volcanic rock turns into to
Speaker 3: lush green. The youngest island is the Big Island, and
Speaker 3: they still have large pits of volcanic rocks because the
Speaker 3: time hasn't caught up yet. So the volcanic rock exploded,
Speaker 3: it stood there. It took millions of years from the
Speaker 3: time that it actually was just solid rock for the
Speaker 3: rain to come in the water for it to turn
Speaker 3: into vegetation into what we see now. So that is
Speaker 3: an important lesson as far as the nature thing, because
Speaker 3: the beginning of things usually are violent and dangerous and scary,
Speaker 3: and that's like the beginning of starting something. Then it
Speaker 3: takes a long.
Speaker 5: Time, million years before we.
Speaker 4: Cut that up. We got.
Speaker 3: Yeah, but it takes it takes a long time for
Speaker 3: it to be nurtured to see the final product. A
Speaker 3: lot people just see Hawaii. They don't see the volcano,
Speaker 3: they don't see the millions of years of rain, they
Speaker 3: don't see the vegetation taking time to complete. They just
Speaker 3: see the final product where you just go on vacation today.
Speaker 3: So that's an analogy for just life in general, but
Speaker 3: especially like any new space, any new space. It's gonna
Speaker 3: be violent when it first starts, it's gonna be explosive,
Speaker 3: it's gonna be all kinds of issues. You got to
Speaker 3: be able to work through that. You're gonna have to
Speaker 3: be able to have patience, and you're gonna have to
Speaker 3: have foresight to see the rainbow that we put a
Speaker 3: rainbow and looking at the rainbow goal, that's amazing, going
Speaker 3: to cause two podic goal.
Speaker 5: But what happened to NFTs going up to and now
Speaker 5: I'm coming with the mob when I said it, okay,
Speaker 5: so here's the lesson.
Speaker 3: Number one.
Speaker 5: You want to invest in every asset class for ten
Speaker 5: to thirty years, right, I mean you want to buy
Speaker 5: at the best prices. But when it was at sixty
Speaker 5: thousand and everyone was saying it was going to one hundred,
Speaker 5: I said it was twenty. They called me crazy Bitcoin
Speaker 5: you're talking about Yes, we have three what NFTs? It's
Speaker 5: going to be a ten to fifteen year cycle. Also,
Speaker 5: go to Apple site and video site. When they start
Speaker 5: hiring for more crypto jobs, that's when you'll see an explosion.
Speaker 5: If you go to the job site, you can see
Speaker 5: Apple when they were actively hiring for these positions. Two
Speaker 5: years ago. They are not hiring as quickly for the
Speaker 5: space anymore.
Speaker 4: Those are one of those measures you're looking at.
Speaker 5: Absolutely, I want to see what with Tim Cook and
Speaker 5: the cartel is doing actively in space because they are
Speaker 5: going to like the same thing with Uber. There would
Speaker 5: be no Uber or payment processing that scale, GPS scale
Speaker 5: without the app store.
Speaker 6: Yeah, but I think one of the things we've learned,
Speaker 6: and especially when we talked about it last week, is like,
Speaker 6: by the time you hear about it, they've been working
Speaker 6: on it for two years, you know what I'm saying.
Speaker 6: So like the same thing that he's talking about is
Speaker 6: happening right now, we're just not aware of it because
Speaker 6: it's not ready to be presented to us, right, And
Speaker 6: so yeah, the time frame is important, but technology expedites everything,
Speaker 6: and so it's probably happened. It's just about how it's
Speaker 6: going to be woven into the fabric of society and
Speaker 6: who is going to be the order of it, right,
Speaker 6: because it could.
Speaker 4: Be a new company or could be a stabused probably
Speaker 4: that we have that we trust.
Speaker 6: I feel like it'll have to be somebody that we
Speaker 6: already trust to present us in a way that could
Speaker 6: be digestible for us.
Speaker 5: But going back to your same volcanic analogy, when they
Speaker 5: finally announced the recession, that's when the new crop of
Speaker 5: money is going to be thrown into the market and
Speaker 5: we're going to se like new creators, new companies, new
Speaker 5: ideas that will allow those to flourish and turn into profitable.
Speaker 4: What's what's the business that flourishes from this? Yeah?
Speaker 6: Right, we saw two thousand and we spoke about companies.
Speaker 6: Uber is one of those, Airbnb is another. Yeah, what's
Speaker 6: the company that comes out of this?
Speaker 5: Yeah. They have to announce the disaster first though, and
Speaker 5: let the lava flow into the market so we can
Speaker 5: have We're just gonna stay with this lout.
Speaker 3: Let it burn. My graduates from my school being forced
Speaker 3: back drop drop, Mike drop backdrop drop.
Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from l Salvador
Speaker 1: accused of murdering a Texas man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
Speaker 1: crossings are at the lowest levels ever recorded, and over
Speaker 1: one hundred thousand illegal aliens have been arrested. If you
Speaker 1: are here illegally, your next you will be fine nearly
Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
Speaker 1: never return. But if you register using our CBP home
Speaker 1: app and leave now, you could be allowed to return legally.
Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
Speaker 1: border and families.
Speaker 2: Will be protected. Sponsored by the United States Department of
Speaker 2: Homeland Security,