1 00:00:00,040 --> 00:00:03,600 Speaker 1: An illegal alien from Guatemala charged with raping a child 2 00:00:03,680 --> 00:00:07,480 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 3 00:00:07,720 --> 00:00:11,840 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 4 00:00:11,920 --> 00:00:15,840 Speaker 1: filming and selling child pornography in Michigan. These are just 5 00:00:15,920 --> 00:00:19,680 Speaker 1: some of the heinous migrant criminals caught because of President 6 00:00:19,720 --> 00:00:23,320 Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States 7 00:00:23,320 --> 00:00:28,120 Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border 8 00:00:28,160 --> 00:00:31,680 Speaker 1: crossings are at the lowest levels ever recorded, and over 9 00:00:31,760 --> 00:00:34,960 Speaker 1: one hundred thousand illegal aliens have been arrested. If you 10 00:00:35,040 --> 00:00:38,920 Speaker 1: are here illegally, your next you will be fined nearly 11 00:00:39,000 --> 00:00:43,000 Speaker 1: one thousand dollars a day, imprisoned, and deported. You will 12 00:00:43,040 --> 00:00:46,680 Speaker 1: never return. But if you register using our CBP home 13 00:00:46,720 --> 00:00:50,120 Speaker 1: app and leave now, you could be allowed to return legally. 14 00:00:50,479 --> 00:00:55,240 Speaker 1: Do what's right. Leave now. Under President Trump, America's laws, 15 00:00:55,400 --> 00:00:57,840 Speaker 1: border and families will be protected. 16 00:00:57,920 --> 00:01:00,000 Speaker 2: Sponsored by the United States Department of Homeland Security. 17 00:01:00,320 --> 00:01:02,320 Speaker 3: Joy, you was talking about today that you shent me 18 00:01:02,400 --> 00:01:06,640 Speaker 3: an articles, an article that was interesting that everybody knows 19 00:01:06,680 --> 00:01:10,759 Speaker 3: how I feel about these chip stocks Semiconductors. Yes, yep, 20 00:01:10,959 --> 00:01:15,800 Speaker 3: and you know been very vocal about a lot of them. 21 00:01:15,480 --> 00:01:18,280 Speaker 3: And but you were saying that a lot of these 22 00:01:18,280 --> 00:01:19,960 Speaker 3: tech companies you sent the article, a lot of these 23 00:01:20,000 --> 00:01:24,319 Speaker 3: tech companies are starting to explore doing it themselves, or at 24 00:01:24,360 --> 00:01:30,360 Speaker 3: least a portion of it themselves. So that's interesting because 25 00:01:31,040 --> 00:01:34,640 Speaker 3: in my brain, that would hurt the industry that's been 26 00:01:34,680 --> 00:01:39,200 Speaker 3: doing extremely well SMH, been on fire, you know, the 27 00:01:39,920 --> 00:01:43,360 Speaker 3: Taiwan Semiconductor a m B. All of these have done 28 00:01:43,360 --> 00:01:46,600 Speaker 3: extremely well for you know, the last five ten years. 29 00:01:46,920 --> 00:01:48,400 Speaker 2: So what's what's the deal with that? 30 00:01:48,520 --> 00:01:50,800 Speaker 4: Yeah, So obviously, and even in November, I think on 31 00:01:50,840 --> 00:01:53,000 Speaker 4: market money as we talked about, and it's happened already 32 00:01:53,040 --> 00:01:54,880 Speaker 4: with Apple making their own and one chip they put 33 00:01:54,880 --> 00:01:56,360 Speaker 4: it in the new iPads, they put it in the 34 00:01:56,400 --> 00:02:00,040 Speaker 4: new MacBook. So they've made their own chip. Tesla and 35 00:02:00,040 --> 00:02:01,680 Speaker 4: said they're gonna be making their own chip. The Dojo 36 00:02:01,800 --> 00:02:05,200 Speaker 4: chip by do which is the Chinese version of Google, 37 00:02:05,280 --> 00:02:06,680 Speaker 4: has made their own chip. We just put up a 38 00:02:06,680 --> 00:02:09,760 Speaker 4: post last week about Google creating their own chip and 39 00:02:09,840 --> 00:02:13,560 Speaker 4: Amazon working on something and so it's interesting, right, And 40 00:02:13,680 --> 00:02:15,120 Speaker 4: I thought the same thing as you. I'm like, wait 41 00:02:15,120 --> 00:02:16,680 Speaker 4: if they start making O chips. Some of these companies 42 00:02:16,680 --> 00:02:18,120 Speaker 4: are gonna get pulled back. But what they're going to do, 43 00:02:18,160 --> 00:02:20,680 Speaker 4: and they're making their chips, but the key is who's 44 00:02:20,680 --> 00:02:25,560 Speaker 4: manufacturing the chip? Right, Because to invest in that is 45 00:02:26,040 --> 00:02:28,200 Speaker 4: going to be the key, right Because to create a 46 00:02:28,200 --> 00:02:31,760 Speaker 4: factory that has manufacturing, it's like a I think, like 47 00:02:31,880 --> 00:02:35,800 Speaker 4: fifteen billion dollar operation and it takes like seven years 48 00:02:35,800 --> 00:02:37,600 Speaker 4: to do it. So they don't have that type of 49 00:02:37,600 --> 00:02:40,400 Speaker 4: time right, right, So because business moves every day, and 50 00:02:40,440 --> 00:02:42,720 Speaker 4: so the manufacturing piece is going to be key. And 51 00:02:42,760 --> 00:02:46,240 Speaker 4: so who's the number one manufacturer of the chips? TSM, 52 00:02:46,600 --> 00:02:47,520 Speaker 4: right or Intel? 53 00:02:47,919 --> 00:02:50,400 Speaker 2: Right? Right now? I give the notch to TSM in 54 00:02:50,440 --> 00:02:51,360 Speaker 2: that category. 55 00:02:51,480 --> 00:02:55,239 Speaker 4: So that's a company obviously with the chip shortage that 56 00:02:55,800 --> 00:02:56,480 Speaker 4: we've said this so. 57 00:02:56,440 --> 00:02:59,080 Speaker 2: Many times, I love TSM. I love TSM. 58 00:02:59,240 --> 00:03:01,639 Speaker 4: When companies need to have manufacturing which is going to 59 00:03:01,639 --> 00:03:03,680 Speaker 4: be on a high demand sense, there is a shortage, 60 00:03:03,919 --> 00:03:05,040 Speaker 4: I want to find a person. 61 00:03:04,800 --> 00:03:05,760 Speaker 2: That's manufacturing it. 62 00:03:06,720 --> 00:03:08,800 Speaker 4: But I dug a little deeper into the research, right, 63 00:03:08,800 --> 00:03:10,560 Speaker 4: And so I keep hearing we keep paying chip shorts, 64 00:03:10,639 --> 00:03:11,600 Speaker 4: keep shitting chip shorts. 65 00:03:11,840 --> 00:03:14,440 Speaker 2: What is the problem? And so I think. 66 00:03:14,280 --> 00:03:15,800 Speaker 4: Wall Street Journal, it might have been Wall Street Join 67 00:03:15,840 --> 00:03:18,320 Speaker 4: and I put the article in the chat they wrote a 68 00:03:18,440 --> 00:03:20,679 Speaker 4: very good article and explaining what happened. And so there's 69 00:03:20,720 --> 00:03:24,240 Speaker 4: a piece inside of these ships called the substrate, right, 70 00:03:24,280 --> 00:03:26,840 Speaker 4: So the sub it's called the substrate, right. 71 00:03:26,840 --> 00:03:29,440 Speaker 2: Sub s T R A T E. 72 00:03:29,520 --> 00:03:31,040 Speaker 4: So when I'm like, yo, do your research, like I 73 00:03:31,120 --> 00:03:33,359 Speaker 4: really was reading this all weekend, I'm like, damn, oh, 74 00:03:33,400 --> 00:03:35,960 Speaker 4: I get it. And so the substrate is pretty much 75 00:03:36,120 --> 00:03:38,440 Speaker 4: what connects the chips to communicate with each other. 76 00:03:39,000 --> 00:03:41,160 Speaker 2: And so they've been having a problem producing those. 77 00:03:41,760 --> 00:03:44,040 Speaker 4: And so this is interesting because substrates are something that 78 00:03:44,040 --> 00:03:45,880 Speaker 4: people don't really invest in, even if you look now 79 00:03:45,920 --> 00:03:46,960 Speaker 4: that put the people that produce them. 80 00:03:47,000 --> 00:03:49,760 Speaker 2: Even in the articles, it's like three companies, but they're. 81 00:03:49,160 --> 00:03:52,280 Speaker 4: All in Southeast Asia, not heavily invested in because it's 82 00:03:52,280 --> 00:03:55,040 Speaker 4: not a lot of money. Until now, right before, it 83 00:03:55,120 --> 00:03:56,600 Speaker 4: was like we can get these ships, it's cool, we 84 00:03:56,600 --> 00:03:57,720 Speaker 4: put it in all our devices. 85 00:03:57,720 --> 00:03:58,160 Speaker 2: It's nothing. 86 00:03:58,760 --> 00:04:01,280 Speaker 4: Now there's a shortage, you know, So now the substrate 87 00:04:01,320 --> 00:04:03,560 Speaker 4: that man is about to go up. And so now 88 00:04:03,600 --> 00:04:05,640 Speaker 4: even me I'm looking at it, like, so who makes 89 00:04:05,640 --> 00:04:07,960 Speaker 4: a substrate? So there's like three companies that they list 90 00:04:08,000 --> 00:04:11,560 Speaker 4: in article. I think one of them is Samsung Materials. 91 00:04:11,560 --> 00:04:13,720 Speaker 4: It's not actually Samsung the company, it's like Samsung Materials. 92 00:04:14,000 --> 00:04:16,159 Speaker 4: I'll posted the article so we can see it. But 93 00:04:16,200 --> 00:04:18,200 Speaker 4: these are the type of things that I'm looking into. Now. 94 00:04:18,200 --> 00:04:20,359 Speaker 4: It's like all right, well, all right, so substrates is 95 00:04:20,400 --> 00:04:23,200 Speaker 4: what helps the chips communicate. That's how that's the piece 96 00:04:23,240 --> 00:04:25,839 Speaker 4: that's keeping this as a shortage. There's a low supply 97 00:04:25,880 --> 00:04:27,800 Speaker 4: in it right now, who's going to be making that? 98 00:04:28,040 --> 00:04:29,880 Speaker 4: And so like that, you know what we talked about 99 00:04:29,880 --> 00:04:32,120 Speaker 4: it with Trapp last week, like when somebody's dig gonna 100 00:04:32,120 --> 00:04:33,560 Speaker 4: for go, we got to find the shovels. I'm looking 101 00:04:33,600 --> 00:04:35,880 Speaker 4: into those type of things and so now they might 102 00:04:35,920 --> 00:04:39,839 Speaker 4: be the piece that becomes in demand. But again, who's 103 00:04:39,880 --> 00:04:41,880 Speaker 4: going to manufacture? And so if we look at it 104 00:04:41,880 --> 00:04:47,119 Speaker 4: from that standpoint, I still like companies like Taiwan Semi 105 00:04:47,120 --> 00:04:50,240 Speaker 4: Conductor because they already have the infrastructure to manufacture. 106 00:04:50,680 --> 00:04:54,040 Speaker 5: And your thoughts, we shouldn't even do a follow up. 107 00:04:54,040 --> 00:04:57,640 Speaker 5: You killed that thirty nine off the bench and all 108 00:04:57,680 --> 00:05:01,400 Speaker 5: possessions you killed that. I agree with that. That's yeah, 109 00:05:01,720 --> 00:05:02,799 Speaker 5: all the earned is going crazy. 110 00:05:02,880 --> 00:05:05,240 Speaker 6: Truy teaching, yup, I have nothing to add, might cut 111 00:05:05,279 --> 00:05:06,040 Speaker 6: all my parts out? 112 00:05:07,320 --> 00:05:09,200 Speaker 4: Yeah yeah, no, I was like seriously. It's like we 113 00:05:09,200 --> 00:05:12,200 Speaker 4: talk about researching and I'll try to put it in YouTube. Man, 114 00:05:12,800 --> 00:05:14,800 Speaker 4: these are the things that we should be really researching, right, 115 00:05:14,800 --> 00:05:16,800 Speaker 4: Like we keep paring ship choice and you know we 116 00:05:16,839 --> 00:05:19,200 Speaker 4: love that mate that's major has done a lot for us. 117 00:05:19,200 --> 00:05:19,560 Speaker 2: Crazy. 118 00:05:19,640 --> 00:05:22,000 Speaker 4: We're going to thank God for esmate, But if we 119 00:05:22,080 --> 00:05:25,440 Speaker 4: keep hearing. This episode is brought to you by P 120 00:05:25,560 --> 00:05:28,400 Speaker 4: and C Bank. 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Hiring Indeed is all 167 00:08:11,840 --> 00:08:12,280 Speaker 7: you need. 168 00:08:12,760 --> 00:08:15,960 Speaker 4: Shortage right, then this could hurt our industry, hit the 169 00:08:15,960 --> 00:08:17,000 Speaker 4: industry right, or hurt our. 170 00:08:16,920 --> 00:08:18,240 Speaker 2: Etf and we don't we don't need that. 171 00:08:18,360 --> 00:08:21,520 Speaker 4: So let's find other ways that we can invest in 172 00:08:21,640 --> 00:08:24,840 Speaker 4: and make a bad situation or a dim situation right. 173 00:08:24,880 --> 00:08:26,960 Speaker 4: Because now it started out by saying it would last 174 00:08:27,400 --> 00:08:29,920 Speaker 4: half of twenty two. Now this talks that it might 175 00:08:30,000 --> 00:08:31,160 Speaker 4: last to twenty twenty five. 176 00:08:31,240 --> 00:08:32,080 Speaker 6: What the chip shortage? 177 00:08:32,080 --> 00:08:35,040 Speaker 4: The chip shortage right, because the automakers are like listen 178 00:08:35,080 --> 00:08:38,640 Speaker 4: we can't produce. The cars are hurting, they're getting killed. 179 00:08:38,880 --> 00:08:41,160 Speaker 2: If you look at who who reported last week, was 180 00:08:41,200 --> 00:08:41,360 Speaker 2: it for. 181 00:08:43,320 --> 00:08:45,160 Speaker 4: One and the one automative reported and it was just 182 00:08:45,160 --> 00:08:47,719 Speaker 4: like they took a hit because they don't have this. 183 00:08:48,240 --> 00:08:51,000 Speaker 4: They can't get the chips in the cars fast enough 184 00:08:51,000 --> 00:08:53,920 Speaker 4: to sell them. And so knowing those things, we just 185 00:08:53,960 --> 00:08:55,800 Speaker 4: gotta dive a little bit deeper into the research and say, 186 00:08:55,840 --> 00:08:57,920 Speaker 4: all right, well this is something that we could look into. 187 00:08:57,960 --> 00:08:59,960 Speaker 4: I'm gonna post article so everybody can have it as well. 188 00:09:00,160 --> 00:09:02,000 Speaker 4: Out to Wall Street Journal. It was a great article. 189 00:09:02,520 --> 00:09:05,680 Speaker 5: Also, in every shortage or in every crisis, there's an 190 00:09:05,679 --> 00:09:08,360 Speaker 5: immense opportunity and the true goal of every company is 191 00:09:08,400 --> 00:09:09,599 Speaker 5: to happen a monopoly. 192 00:09:09,920 --> 00:09:12,520 Speaker 6: So AMDTSM will still be fine. 193 00:09:14,000 --> 00:09:15,840 Speaker 5: Keep your eye on Apple, on Google and see what 194 00:09:15,840 --> 00:09:18,360 Speaker 5: they come up with. Also Amazon with web services. 195 00:09:18,880 --> 00:09:19,800 Speaker 6: That's what I always tell you guys. 196 00:09:19,840 --> 00:09:21,640 Speaker 5: You got to invest in companies that have a bunch 197 00:09:21,679 --> 00:09:25,440 Speaker 5: of cash in case if a crisis comes about and 198 00:09:25,480 --> 00:09:27,760 Speaker 5: these are playing like I put it in stock Club yesterday. 199 00:09:28,559 --> 00:09:34,920 Speaker 5: Notice twenty twenty Health crisis nineteen twenty, Spanish fluid health 200 00:09:34,920 --> 00:09:38,640 Speaker 5: crisis eighteen twenty, What health crisis came about put it 201 00:09:38,679 --> 00:09:40,480 Speaker 5: in Chat seventeen twenty. 202 00:09:40,800 --> 00:09:46,719 Speaker 6: These are change in up the guard. I'll leave it 203 00:09:46,760 --> 00:09:50,040 Speaker 6: at that. Do your research. 204 00:09:50,200 --> 00:09:54,680 Speaker 5: Study every time these economic resets happen, they lead to 205 00:09:54,720 --> 00:09:57,040 Speaker 5: a new wave of companies that normally die off, and 206 00:09:57,080 --> 00:09:59,719 Speaker 5: then some will blossom and do well over the. 207 00:09:59,640 --> 00:10:04,720 Speaker 6: Next fifty years. So be prepared. So that's why I say, 208 00:10:04,760 --> 00:10:06,600 Speaker 6: go do your research and go when I'll be. 209 00:10:08,640 --> 00:10:12,680 Speaker 5: Telling culture hacks for everybody listening by Richard Conrad, go 210 00:10:12,760 --> 00:10:16,640 Speaker 5: read this book. When I tell you guys to go study, 211 00:10:17,080 --> 00:10:19,880 Speaker 5: And when Troy said he studies, he's every time I 212 00:10:19,920 --> 00:10:22,640 Speaker 5: call him like broch, you're reading looking at once. You 213 00:10:22,760 --> 00:10:25,520 Speaker 5: study what happens over one hundred year business cycle. You 214 00:10:25,559 --> 00:10:29,120 Speaker 5: can almost time oil came in. It was a dominant 215 00:10:29,120 --> 00:10:33,640 Speaker 5: force and dominant resource after something else left. These things happen. 216 00:10:33,679 --> 00:10:35,360 Speaker 5: If you go look at those bnner cycles and tied 217 00:10:35,400 --> 00:10:37,680 Speaker 5: all together, you're a happy blueprint. 218 00:10:37,920 --> 00:10:40,920 Speaker 6: All the answers are there. I promise you that's a book. 219 00:10:41,920 --> 00:10:44,040 Speaker 2: That's a book. Tip ladies and gentlemen, we're gonn I'm 220 00:10:44,040 --> 00:10:47,840 Speaker 2: gonna get you another one in the report YouTube, please 221 00:10:47,960 --> 00:10:48,720 Speaker 2: hit the like button. 222 00:10:48,800 --> 00:10:51,640 Speaker 3: Forty one hundred people on YouTube hit the like button, 223 00:10:51,720 --> 00:10:57,640 Speaker 3: don't forget okay, So okay. So the most highs for 224 00:10:57,679 --> 00:10:59,360 Speaker 3: the S and P five hundred over the last one 225 00:10:59,440 --> 00:11:03,960 Speaker 3: hundred years, which is interesting. The most was nineteen ninety five. 226 00:11:03,960 --> 00:11:07,640 Speaker 3: It was seventy seven new highs that was hit that year. 227 00:11:08,000 --> 00:11:11,440 Speaker 3: The next was twenty and seventeen with sixty two. The 228 00:11:11,480 --> 00:11:14,640 Speaker 3: next was nineteen sixty four with sixty two, The next 229 00:11:14,760 --> 00:11:17,959 Speaker 3: was nineteen twenty eight with fifty nine, and the next 230 00:11:18,080 --> 00:11:21,640 Speaker 3: the fifth is twenty twenty one with fifty four. But 231 00:11:21,679 --> 00:11:23,640 Speaker 3: we still have three months left. So what that means 232 00:11:23,679 --> 00:11:26,600 Speaker 3: is that we have hit record highs in the S 233 00:11:26,640 --> 00:11:31,720 Speaker 3: and P five hundred fifty four times this year and 234 00:11:31,760 --> 00:11:34,120 Speaker 3: there is still three months left, so it's already at 235 00:11:34,200 --> 00:11:38,120 Speaker 3: number five. This is already the number fifth year ever 236 00:11:38,760 --> 00:11:39,880 Speaker 3: for most highs hit. 237 00:11:42,000 --> 00:11:43,120 Speaker 2: What do we make of that? 238 00:11:44,600 --> 00:11:46,400 Speaker 6: This is the first time I read some information to 239 00:11:46,480 --> 00:11:46,880 Speaker 6: scare me. 240 00:11:48,840 --> 00:11:52,560 Speaker 5: If it matches or surpasses nineteen twenty nine, it comes 241 00:11:52,600 --> 00:11:54,719 Speaker 5: back to what I say, they being twenty three will 242 00:11:54,800 --> 00:12:00,800 Speaker 5: have a slight drop, but twenty seven would be pretty harsh. 243 00:12:01,080 --> 00:12:03,240 Speaker 5: And if you look at what happened post nineteen sixty 244 00:12:03,240 --> 00:12:06,400 Speaker 5: four and post nineteen ninety five, ninety five kind of 245 00:12:07,160 --> 00:12:09,880 Speaker 5: ushered in that tech wave and then it was great 246 00:12:09,960 --> 00:12:14,080 Speaker 5: until it wasn't and the crashes were immense. 247 00:12:15,840 --> 00:12:20,079 Speaker 3: My graduates from my school being forced bad drop. 248 00:12:20,400 --> 00:12:23,600 Speaker 5: Bag drop, Mike drop Bad drop b. 249 00:12:23,880 --> 00:12:41,079 Speaker 2: Drop, power up fall projects with EGO at Loves. 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