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Speaker 2: Soower take it before we begin.

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Speaker 3: China's gonna collapse soon next year, They're gonna go through

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Speaker 3: a big recession. Get careful so we'll be careful. So

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Speaker 3: for those of you about to tune out, you're about

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Speaker 3: to go cook and take care of your kids.

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Speaker 4: Keep your eye on China. Things are gonna get really

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Speaker 4: tough next year.

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Speaker 3: Ahead.

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Speaker 2: China will collapse. That all right, let's get back to

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Speaker 2: that later on.

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Speaker 3: They always say it's not true. I know it's gonna

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Speaker 3: be a think piece tomorrow. Ian's wronk again. Okay, give

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Speaker 3: it a few months. Michael Saylor Bigcoin twenty thousand said

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Speaker 3: that was crazy, said Michael Saylor wouldn't leave. And here

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Speaker 3: we are.

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Speaker 2: So let's get right into this.

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Speaker 5: Bigcoin hit twenty four thousand, the highest price has been

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Speaker 5: in two months. What price will it hit by the

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Speaker 5: end of the year.

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Speaker 3: I think bigcoin will probably get up to like thirty

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Speaker 3: four thousand and seven twenty. It's gonna be a slow

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Speaker 3: push up. The world is like really just when we

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Speaker 3: talk about Michael Burry later, but the hedge funds, macro investors,

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Speaker 3: institutional investors are just really resetting the prices that should

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Speaker 3: be they should be brought in at we are. We

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Speaker 3: kind of did like a dead cat bounce and we're

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Speaker 3: like in the middle range. This isn't the best time

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Speaker 3: to buy. We're probably hit thirty four thousand some change,

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Speaker 3: maybe get up to thirty five thousand and slide back down.

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Speaker 3: But we should end up positive. We'll have some positive

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Speaker 3: growth and bitcoin for the year. S and P is

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Speaker 3: pushing up. Everyone put in chat, what's the number I

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Speaker 3: said we should hit for S and P by end

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Speaker 3: of the year. We're getting close there, and I think

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Speaker 3: by twenty twenty four like bitcoin and be back in

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Speaker 3: at sixty seventy possibly eighty range. So we got the

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Speaker 3: hold on tight, but it'll be worth for a few

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Speaker 3: years for you to hold onto it.

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Speaker 6: Okay, so we're telling the long term investor.

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Speaker 2: Anything else you want to add to that, Yeah, I

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Speaker 2: mean we could.

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Speaker 6: Talk about bitcoin, but we should also pay attention to you.

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Speaker 7: What ethereum is, don I'm going to go next?

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Speaker 6: Bcoin?

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Speaker 7: I mean, obviously we say this's all time, like I'm

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Speaker 7: not trading it, so it's a long term investment.

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Speaker 6: So the money goes in, it stays there.

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Speaker 7: But it's interesting like some people who have been waiting hopefully,

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Speaker 7: like you said, got into it when it got down

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Speaker 7: to nineteen nine or nineteen seven, because even at twenty

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Speaker 7: four you've made profit. If it gets up to thirty four,

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Speaker 7: you made even more profit. And so we always try

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Speaker 7: to figure out where's the bottom, where's the bottom when

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Speaker 7: it pulls back sixty seventy percent.

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Speaker 6: We've seen the volatility in it. If you've studied the

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Speaker 6: history of.

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Speaker 7: It, you know that, all right, anywhere between seventy to

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Speaker 7: eighty three eighty five percent is a time that it

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Speaker 7: usually hits its bottom. And so we got to that point.

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Speaker 7: If your research said it, then you should have invested

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Speaker 7: in it. But again, we keep it long term. I'm

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Speaker 7: not training it. We say we're going to stay in

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Speaker 7: the position.

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Speaker 3: Yeah, I'll say, Bitcoin in ethere are the two that

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Speaker 3: you should hold long term. Everything else you should trade.

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Speaker 3: So so know some of you, like you hate every crypto.

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Speaker 6: I don't.

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Speaker 3: I just don't want you guys to lose a bunch

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Speaker 3: of money. But she but those Luna, you know, all

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Speaker 3: the ones that are not the top two swing trade though,

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Speaker 3: and if you want to day trade them, they trade them.

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Speaker 3: But Bitcoin and the theory you should hold. I'd like

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Speaker 3: the return I think over the last ten years of bitcoin,

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Speaker 3: if you held it, it's like two hundred and ten

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Speaker 3: thousand percent return.

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Speaker 6: Yeah, something ridiculous.

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Speaker 3: You can't argue. Just hold.

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Speaker 5: So all right, so let's talk about ethereum. The mighty

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Speaker 5: mighty Ethereum is back. Has risen like the phoenix is

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Speaker 5: up fifty I believe this month. Yeah, from the low

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Speaker 5: ethereum two point zero on the way Ah ethereum, Yeah

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Speaker 5: is ethereum good now?

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Speaker 6: Good question.

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Speaker 7: Yeah, so it has risen again. Another just the same

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Speaker 7: story as bitpoint bitcoin. We saw the pull back to

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Speaker 7: a sixteen hundred level. Obviously now it got up to

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Speaker 7: two thousand and pulled back a little bit. But the

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Speaker 7: news of that, the merge, that's happening, right, So I

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Speaker 7: think they gave us a date over pat over the weekend,

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Speaker 7: the saying Sep. Seven and fifteenth it's going to move

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Speaker 7: from proof of work to proof of state, which means

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Speaker 7: more less energy intensive as far as how they're going

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Speaker 7: to produce less rewards being given in more of a

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Speaker 7: proof of state situation, which is obviously going to make

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Speaker 7: it a more efficient coin or a more efficient blockchain

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Speaker 7: to build on. And so that is going to happen,

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Speaker 7: they say in the fifteenth through the nineteenth.

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Speaker 6: They've already tested.

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Speaker 7: I think last week they had the third trial of

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Speaker 7: the merger and it went successful, and so Italics came

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Speaker 7: out I think probably over the weekend and said to

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Speaker 7: those are going to be the dates to look out for.

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Speaker 7: So it had a nice ride. Like you said, it's

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Speaker 7: up fifty two percent from its lows. Ethereum is something

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Speaker 7: that we spoke about, I mean over and over, and

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Speaker 7: we talked about being the highway for all these blockchains,

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Speaker 7: these coins to be built on, especially from a usage standpoint.

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Speaker 7: So we're long, long, long, long long on Ethereum.

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Speaker 6: Yeah.

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Speaker 3: Yeah, I'm gonna say something that I normally don't say.

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Speaker 3: I don't know, so I'll give you guys a target.

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Speaker 3: So twenty nine four eighty is a price target that

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Speaker 3: we could hit. I just haven't done all the week,

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Speaker 3: and given the fact that I was sick, I haven't

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Speaker 3: had a chance to go through like all the reading

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Speaker 3: and research. I do think, well, if we'll look at

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Speaker 3: once again Blackrock Vanguard, and I know people are like, hey,

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Speaker 3: that doesn't matter. Last year was like they would never

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Speaker 3: have influence, and now we see Blackrock and coinbase starts

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Speaker 3: to have a partnership. You're going to see JP Morgan,

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Speaker 3: Citadel and a few others have a bigger impact on

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Speaker 3: the price movement of Etherea. Go check and see how

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Speaker 3: big they're a buying. To give you an insight if

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Speaker 3: it's going to do well. Like if the top five

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Speaker 3: hittons are finding like crazy, then it'll be a okay.

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Speaker 3: So I'm not playing both sides. I'm just giving a

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Speaker 3: price of where it could go by end of year,

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Speaker 3: and if you're holding it, you should be holding a

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Speaker 3: four or five year period anyway, as with any long

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Speaker 3: term investment, those are bitcoin in the theory I go

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Speaker 3: on record, are only two. I think you should not

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Speaker 3: be trading. You should be holding if you believe in it.

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Speaker 5: Yeah, well, anybody that watches market one day's nose. I've

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Speaker 5: been pretty consistent when it comes to Ethereum. I think

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Speaker 5: it's the most important cryptocurrency. I think that it is.

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Speaker 3: Why is that by chance to play God's advocate.

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Speaker 2: God's advocate?

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Speaker 5: Because because of its use right, like you know, things

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Speaker 5: are built on the etherium, on the Ethereum blockchain. Bitcoin

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Speaker 5: is the most popular one. But outside of it being

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Speaker 5: traded and outside of it just being bitcoin, which is

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Speaker 5: like the brand name for cryptocurrency has kind of become

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Speaker 5: like band.

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Speaker 2: Aid, that's it.

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Speaker 5: Where Ethereum is a whole ecosystem within itself and it's

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Speaker 5: the largest one.

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Speaker 2: They have competitives.

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Speaker 5: Salona, different things of that nature, but it's still really

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Speaker 5: no competition when you look at it. So being at

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Speaker 5: it's the second biggest crypto, but a whole ecosystem, and

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Speaker 5: it's improving. I feel like it's the most important cryptocurrency

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Speaker 5: and will continue to be the most important cryptocurrency moving forward.

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Speaker 5: And I feel like Ethereum is here to stay. I

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Speaker 5: don't think that it's going to collapse. Of course, it's

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Speaker 5: going to have ups and downs. Cryptos have up and down,

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Speaker 5: like that's crypto. If you don't if you don't want

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Speaker 5: up and down, then you can't invest in cryptocurrency. But

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Speaker 5: long haul, I believe in I believe in Ethereum. I

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Speaker 5: have always believed in Ethereum, and I think that Ethereum

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Speaker 5: will be here for a very long period of time.

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Speaker 3: I'll say this too, if we stay in a crazy

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Speaker 3: interest rate environment and we stay in this like recession

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Speaker 3: like economy while the market goes up and banks are

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Speaker 3: more valuable, yeah, Ethereum will have a lot more value

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Speaker 3: for sure, because the banks start to integrate it a

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Speaker 3: lot more. For those who don't, you know, get to

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Speaker 3: take go look at the episode that we had with

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Speaker 3: Big Boy, which I think was a great episode, the

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Speaker 3: Ethereum will be because every recession there's new products, new

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Speaker 3: services that are ushered in. Ethereum could be one of

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Speaker 3: the ones that are integrated a hell of a lot faster.

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Speaker 3: So when I was saying, hey, I think the banks

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Speaker 3: are going to take over or maybe destroy, his thesis

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Speaker 3: was what they're going to use etherea to integrate it

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Speaker 3: into the banking system. So, yeah, if we stay in

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Speaker 3: an environment where interest rates are high, tech stocks are down,

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Speaker 3: Peloton underperforms. If banks do better, Ethereum is going to

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Speaker 3: have a very important place in the banking system to

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Speaker 3: help banks dominate even more.

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Speaker 7: Yeah, and then the low that I'm looking at here

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Speaker 7: was in July seventeenth to got down to nine to

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Speaker 7: ninety three, and so right now it's currently an eight

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Speaker 7: teen eighty six. So if somebody obviously entered the crypto

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Speaker 7: space at that time made profit, I mean, I think

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Speaker 7: we're right at the market was around April May when

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Speaker 7: it was teetering around two thousand. Obviously it's high at

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Speaker 7: forty eight hundred and last October.

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Speaker 6: So it's just interesting to watch.

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Speaker 7: But this is why we talk about being patient and

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Speaker 7: understanding volatility and understanding that this asset class is a

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Speaker 7: little bit different than the market, right, Like, these things

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Speaker 7: are very violatile and it moves in a very fast way.

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Speaker 7: But if you can understand the charts when you're trading stocks,

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Speaker 7: then I mean you're gonna have the same principles that

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Speaker 7: you can use when you're trying to trade crypto.

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Speaker 6: It's just that it's a lot more filatile.

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Speaker 3: If you guys need a entry, fifteen forty four seventy

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Speaker 3: is a good place to get in if you if

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Speaker 3: you haven't got in already as well, it's gonna slide

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Speaker 3: back down, but that's a good place to be able

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Speaker 3: to get in. And don't buy today. Wait for that price,

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Speaker 3: please put in chat. Patience is what pays me, So

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Speaker 3: wait for those right prices and.

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Speaker 4: Then you'll be able to get in and take advantage

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Speaker 4: of the upside of it.

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Speaker 3: And once again, this is for a long term. So

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Speaker 3: for those of you that are like taking my prices

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Speaker 3: and remixing them and give them to your cousin for

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Speaker 3: a two day swing, trade, this ain't it. I saw

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Speaker 3: a lot of y'all Atlanta. Man. You let me down. No,

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Speaker 3: you let me down. I said five here, I'm sorry.

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Speaker 3: No gambling, no gambling hole for the long term.

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Speaker 5: And here's the rule of thumb, just an investing period.

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Speaker 5: Always always bet on the ecosystems. So Amazon is an ecosystem.

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Speaker 5: Apple is an ecosystem. What I mean by that is like,

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Speaker 5: if Apple goes down, it's not just Apple going down.

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Speaker 5: All of the apps in the Apps Store that rely

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Speaker 5: on Apple, all of the like, these are things that

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Speaker 5: have to go down.

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Speaker 3: So it's like economy will go down.

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Speaker 5: Yeah, it's it's like Nino Brown, like you know what

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Speaker 5: I'm saying, when it was like it's bigger than you.

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Speaker 5: No Brown, like when you some people are just too

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Speaker 5: big to fail because if you take them down, everybody falls.

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Speaker 5: So I feel like Ethereum is that for crypto. Ethereum

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Speaker 5: is too big to fail. And if Etherium fails, it's

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Speaker 5: going to have a tremendous ripple effect, even bigger than bitcoin.

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Speaker 5: Bitcoin to have a tremendous psychological effect, a tremendous psychological

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Speaker 5: effect and a tremendous economic effect. But if Ethereum goes down,

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Speaker 5: it's going to have a ripple effect across the whole ecosystem.

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Speaker 5: So you have to look at it like this. There's

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Speaker 5: trillions and billions of dollars invested into crypto, but most

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Speaker 5: of it is with hedge funds and institutions, so they

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Speaker 5: have a vested interest for the whole crypto space not

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Speaker 5: to fail. So being that they have a vested interest

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Speaker 5: in the whole crypto space not to fail, they have

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Speaker 5: to keep some coins up, like Etherium has to be

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Speaker 5: caught until they have an equal competition that is willing

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Speaker 5: to take it out. You can't afford for Ethereum to

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Speaker 5: fail because it's going to be catastrophic for the whole

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Speaker 5: entire space, and it's going to cost a lot of

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Speaker 5: people money. And at the end of the day, nobody

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Speaker 5: wants to lose money. You don't invest to lose money,

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Speaker 5: especially at the highest levels. So Ethereum is too big

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Speaker 5: to fail.

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Speaker 7: And even like from a dominant standpoint, I don't know

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Speaker 7: if anybody ever looks at that, but I'm looking at

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Speaker 7: right now on coin market cap. I remember the days

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Speaker 7: when bitcoin dominance. The percentage used to be in the

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Speaker 7: sixties and the seventies. If you look now, it's at

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Speaker 7: forty percent. Ethereum is at twenty percent. This episode is

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Speaker 7: at a pop up market, or even one.

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Speaker 6: Of our merch partners.

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Speaker 7: Square makes it easy for them to take payments, manage inventory,

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Speaker 7: If you're a business owner or even just thinking about

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Speaker 7: launching something soon, Square is hands down one of the

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Speaker 7: best tools out there to help you start, run and grow.

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Speaker 7: can keep pushing your vision forward and so that that

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Speaker 7: gap has closed substantially. About those two coins, of those

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Speaker 7: two cryptocurrencies, about how much they affected overall space.

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Speaker 6: So that's interesting to look at.

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Speaker 3: Yeah, I see what she did with the ripple effect.

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Speaker 6: Shut out.

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Speaker 7: I mean, where else are you gonna get New Jack

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Speaker 7: City and above the rim in the show? I mean,

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Speaker 7: shout out to all the Ripple and XRP enthusiastic they

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Speaker 7: are here. Burry dumbs all of his stocks except for one.

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Speaker 7: What should that tell us about what's coming in the market.

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Speaker 7: So for historical reference, if you don't know who Michael

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Speaker 7: Berry is, if you haven't watched the movie The.

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Speaker 2: Big Short, You should very very time.

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Speaker 5: He's the one that made billions of dollars shortening the

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Speaker 5: market in two thousand and eight for the housing crash,

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Speaker 5: So you know, he became legendary for that situation. And

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Speaker 5: now obviously anytime that he speaks, people take it very

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Speaker 5: seriously because of what happened in two thousand and eight.

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Speaker 5: So he's he's, I guess predicting that a very very

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Speaker 5: cold winter in stocks is coming. We've had a nice

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Speaker 5: little rebound in the last week or two, but he's

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Speaker 5: he's not feeling it.

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Speaker 2: So what's the.

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Speaker 7: Deal with So yeah, I'm gonna let you just I'm

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Speaker 7: gonna I just want to like frame this up right. So,

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Speaker 7: there was thirteen positions that Sion had. That's the group

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Speaker 7: that his firm, Right, they had thirteen stocks that they

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Speaker 7: invested in. Google was one of them. They sold that off.

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Speaker 7: Meta was one they sold that off. The one that

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Speaker 7: they did keep is called geo Groups.

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Speaker 6: You ever heard of Geogroup?

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Speaker 7: Geogroup is a Florida based company that invests and operates

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Speaker 7: private prisons. So I bought over three million dollars three

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Speaker 7: million dollarsand shares of the geogroup, and since then that

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Speaker 7: stock is going up twelve percent, which is interesting out

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Speaker 7: of everything to sell off.

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Speaker 6: I mean, you had Fortune one hundred.

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Speaker 7: Like Google, Alphabet, you had Alphabet, and you had Metal,

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Speaker 7: which is another you know, top ten as far as

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Speaker 7: market cap, but you let those go and you kept

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Speaker 7: the company that invests in private prisons.

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Speaker 6: And if you ever, I mean, we've talked about.

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Speaker 7: This in detail about the impact that private prisons have

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Speaker 7: on our communities for sure, and how you know they

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Speaker 7: profit off of making prisoners.

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Speaker 6: So that's interesting. I'll let you I'll let you go in,

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Speaker 6: I'll finish it up.

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Speaker 3: Yeah. The reason, well, let's address it the private prison thing.

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Speaker 3: I'm anti investing in prison and I don't care how

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Speaker 3: much money is involved. I will never invest in the sector.

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Speaker 3: The reason why they did, though, is because it's an

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Speaker 3: indication of who's going to be in office when election

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Speaker 3: cycles turn over. So if you talk to anybody politically,

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Speaker 3: they're pretty much telling you like, hey, these next three

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Speaker 3: to four years, politically, Escape is going to change very

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Speaker 3: aggressively and very fast. But the reason why he sold

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Speaker 3: off Meta he also had an Apple short that he got

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Speaker 3: rid of. Now We're just in the middle. It's not

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Speaker 3: an ideal time to initiate, and he buys. So if

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Speaker 3: you're looking to put capital to use right now, things

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Speaker 3: aren't low enough to buy, they're not high enough to short.

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Speaker 3: So we kind of just riding in the middle. But

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Speaker 3: since crime is going up, we're going to have to change. Politically,

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Speaker 3: Hey just said, I don't see how Biden could win

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Speaker 3: reelection unless the rock runs with him and the current

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Speaker 3: VPCE sits down and we can talk about the Trump

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Speaker 3: thing later with the FBI, but they are potentially propping

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Speaker 3: him up for a run again. Things are going to

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Speaker 3: change very fast. And that's what I'm saying now. If

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Speaker 3: China collapses on top of that next year, which you know,

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Speaker 3: I know something gonna back. I'm a conspiracy do this.

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Speaker 3: But home sales are down twenty eight point six percent

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Speaker 3: in China. Private investment homes are down twelve point three percent.

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Speaker 3: So if home sales are down twenty eight percent, and

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Speaker 3: I know everybody on Instagram, every realtor is telling the

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Speaker 3: market is still going up. No, it's not. China is

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Speaker 3: our parent, so if they have the flu, financially, we're

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Speaker 3: going to get pneumonia next year or COVID twenty five, right,

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Speaker 3: and things are going to be bad, and we're going

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Speaker 3: to go through a period for maybe two or three

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Speaker 3: years where it feels like ninety nine through two thousand

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Speaker 3: and one, two thousand and two all over again, where

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00:19:25,000 --> 00:19:27,440
Speaker 3: we're just floating up and down and we're not having

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Speaker 3: any breakout movement. Private equity is deploying capital a little slower.

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Speaker 3: We're just not in a great economic environment. The great

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Speaker 3: part is if you're an investor and you can wait

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Speaker 3: this out. The number one advantage that we have is

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Speaker 3: retail investors, is that we can hold longer the most institutions.

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Speaker 3: That's for all the money is so we have fourteen

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Speaker 3: years of quantitative easing, free flowing money. Now, the people

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Speaker 3: that can actively invest and be patient and hold for

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Speaker 3: long term are going to win. So when everybody was

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Speaker 3: getting an easy option, trade train options are all not y'all,

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Speaker 3: I'm talking easy penny stocks. I know there's a little

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Speaker 3: war on campaign against me. Hey where are we now,

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00:20:13,000 --> 00:20:17,440
Speaker 3: Kathy have an issue? You can't cycle through all those

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Speaker 3: stocks in all those trades. Now we're going to see

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Speaker 3: who actually can invest. But it's going to be a

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Speaker 3: game of long term. So please look at the big picture,

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Speaker 3: the macroeconomic environment. I know it seems scary, but this

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Speaker 3: is the time that you want. Everybody in twenty twenty

402
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Speaker 3: was like, damn, I wish the market would come down.

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00:20:35,240 --> 00:20:38,920
Speaker 3: Here we are now you get an opportunity to build

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Speaker 3: for the future, suffer and sacrifice for two or three

405
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Speaker 3: years to be able to get your family in the

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Speaker 3: position that you want to be.

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Speaker 4: And if you're scared in this market to invest, either

408
00:20:47,520 --> 00:20:48,720
Speaker 4: you have not listened.

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Speaker 3: To me or you have not done your research that' said.

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Speaker 3: And yes, listen to Michael Berry, because damn near everything

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Speaker 3: he said and predicted is come true.

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Speaker 5: So all right, let's talk about this China situation. Since

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Speaker 5: you were from Shina a few times so far, to

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Speaker 5: show you said China at the beginning, you said China

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Speaker 5: will collapse. You want to put that into context. I'm

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Speaker 5: gonna I'm gonna give you opportunity to put this into context.

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Speaker 3: Mike, clip this up. China gonna fall, So I'm gonna

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Speaker 3: do Look like all the spicies.

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Speaker 6: What's the first domino is? It is the housing market?

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Speaker 3: Yeah, it's the house of market because they're going through

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Speaker 3: what we really went to through in two thousand and

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Speaker 3: seven and two thousand and eight, like two things I

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Speaker 3: told you guys last year. Now, if y'all don't listen,

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Speaker 3: that don't have nothing to do with me. Baby. Ever,

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Speaker 3: grand number one, Now if the following four, two through

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Speaker 3: five fall apart. And now if you saw a couple

427
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Speaker 3: of weeks ago they had military trucks in front of

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Speaker 3: the bank saying you can't take your money out of

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Speaker 3: our bank because that is considered an investment of ours.

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Speaker 4: What is that call for those of you who work

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Speaker 4: in the financial industry.

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Speaker 3: So now if you can't withdraw, and the real estate

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Speaker 3: market is soft to say the least. And then you

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00:22:05,200 --> 00:22:09,080
Speaker 3: got soft Bank who was throwing money around like they

435
00:22:09,080 --> 00:22:11,040
Speaker 3: would spend the money in Magic City into all these

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00:22:11,040 --> 00:22:14,400
Speaker 3: startups and most of them didn't do well. What does

437
00:22:14,400 --> 00:22:17,439
Speaker 3: that tell you they are just they went through a

438
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Speaker 3: cycle of growth of grandeur how we went through in

439
00:22:21,480 --> 00:22:23,119
Speaker 3: two thousand and seven to two thousand and eight, and

440
00:22:23,119 --> 00:22:25,600
Speaker 3: now they're going to pay the price. And now because

441
00:22:25,600 --> 00:22:29,360
Speaker 3: they own a lot of our debt and intellectual property,

442
00:22:29,840 --> 00:22:33,879
Speaker 3: we are going to feel it as well. So I

443
00:22:33,920 --> 00:22:36,199
Speaker 3: know people are not going to agree. My job is

444
00:22:36,240 --> 00:22:37,919
Speaker 3: to not tell you what you want to hear. My

445
00:22:38,040 --> 00:22:40,040
Speaker 3: job is to tell you the truth, and let's be

446
00:22:40,160 --> 00:22:42,439
Speaker 3: very honest. Put yes in chat. If you've heard me

447
00:22:42,480 --> 00:22:46,240
Speaker 3: say crazy stuff like this before before every hedge fund,

448
00:22:46,280 --> 00:22:48,760
Speaker 3: before Buffett, and then three months later it's like, yeah,

449
00:22:48,800 --> 00:22:51,040
Speaker 3: this is a lot of markets falling, you'll make a

450
00:22:51,080 --> 00:22:53,639
Speaker 3: lot more. Just listen, be real, just listen to what

451
00:22:53,680 --> 00:22:59,239
Speaker 3: I tell you. If not, if not, the people who

452
00:22:59,280 --> 00:23:01,840
Speaker 3: say that I'm wrong, tell them to put some money

453
00:23:01,840 --> 00:23:04,119
Speaker 3: in your pocket. If I made you money, let me

454
00:23:04,160 --> 00:23:08,639
Speaker 3: get guess in chat. We're gonna end all debating. I

455
00:23:08,680 --> 00:23:10,639
Speaker 3: know everybody wanted the bait show and y'all want to

456
00:23:10,680 --> 00:23:13,760
Speaker 3: do a million dollars worth of Game Stock edition. No,

457
00:23:15,600 --> 00:23:17,240
Speaker 3: it's a big show here, the.

458
00:23:17,240 --> 00:23:20,280
Speaker 6: Big show, the biggest, the biggest. I clipped this up,

459
00:23:20,680 --> 00:23:21,280
Speaker 6: the big show.

460
00:23:22,560 --> 00:23:25,680
Speaker 2: Okay, hot take Ian.

461
00:23:25,800 --> 00:23:29,920
Speaker 3: It's database ever grand is bigger.

462
00:23:30,040 --> 00:23:32,280
Speaker 5: But when you when you say collapse, I mean, what

463
00:23:32,280 --> 00:23:35,080
Speaker 5: do you actually mean? Coluse that's a very end This

464
00:23:35,160 --> 00:23:37,960
Speaker 5: is something in this is This is China, bro, this

465
00:23:38,000 --> 00:23:40,359
Speaker 5: is the this is the world's strongest economy in the

466
00:23:40,400 --> 00:23:42,920
Speaker 5: next ten years. This is gonna be This isn't this

467
00:23:42,960 --> 00:23:44,440
Speaker 5: isn't just the regular country.

468
00:23:44,560 --> 00:23:45,480
Speaker 2: This is China.

469
00:23:45,640 --> 00:23:50,800
Speaker 3: Mathematically, if a country or any entity, like, at what

470
00:23:50,920 --> 00:23:53,240
Speaker 3: point how much risk and how much leverage can you

471
00:23:53,359 --> 00:23:59,159
Speaker 3: use before it has negative ramifications on your GDP or

472
00:23:59,200 --> 00:24:01,959
Speaker 3: on your business. There's no business that is too big

473
00:24:02,040 --> 00:24:06,080
Speaker 3: to fail, no country. We see it with our country

474
00:24:06,160 --> 00:24:11,280
Speaker 3: right now. America is a America's Hulk Hogan right now

475
00:24:13,000 --> 00:24:17,879
Speaker 3: last night, Rick Flair, who bet you boy? Was that

476
00:24:17,920 --> 00:24:20,840
Speaker 3: in the eighties? Not right now? Hanging on by a threat.

477
00:24:21,119 --> 00:24:25,920
Speaker 3: If we took Apple away, Microsoft, Google, Man, we'll be

478
00:24:26,000 --> 00:24:31,920
Speaker 3: third world country. It's scary, but third third world country.

479
00:24:33,119 --> 00:24:37,040
Speaker 3: Take Apple, Microsoft, and Google out of our economy.

480
00:24:36,680 --> 00:24:38,359
Speaker 6: That's top Like, that's top four in the world.

481
00:24:38,359 --> 00:24:42,440
Speaker 3: Though, I mean, what is the GDP? Someone put it

482
00:24:42,480 --> 00:24:45,639
Speaker 3: in chat. What's the market cap of Apple, Microsoft, and Google?

483
00:24:45,880 --> 00:24:49,040
Speaker 3: Subtract that from the GDP? What percentage of GDP to

484
00:24:49,240 --> 00:24:53,520
Speaker 3: those three companies add to our economy? Is America better

485
00:24:53,640 --> 00:24:56,879
Speaker 3: now than it was even twenty years ago?

486
00:24:58,440 --> 00:24:59,880
Speaker 6: Those are all billion dollar companies.

487
00:25:00,320 --> 00:25:00,920
Speaker 2: That's like saying.

488
00:25:00,960 --> 00:25:04,919
Speaker 5: That's like saying, if you take Lebron James and and

489
00:25:05,119 --> 00:25:08,440
Speaker 5: Kyrie Irvin and Steph Curry away from the NBA.

490
00:25:08,960 --> 00:25:10,720
Speaker 2: I mean, if you take the best Yeah, of course,

491
00:25:10,760 --> 00:25:12,040
Speaker 2: like but.

492
00:25:11,800 --> 00:25:13,159
Speaker 3: But look at it like this. The rest of the

493
00:25:13,200 --> 00:25:20,040
Speaker 3: S and P is Eric Snows, Eric snow cousins. I

494
00:25:20,080 --> 00:25:24,480
Speaker 3: don't want an issue. I'll just say Eric, but like

495
00:25:24,480 --> 00:25:28,200
Speaker 3: they're okay. Even when we get to talking about Bitcoin, Ethereum,

496
00:25:28,560 --> 00:25:34,800
Speaker 3: algorand x RP, these are coins like these are There's

497
00:25:34,840 --> 00:25:37,080
Speaker 3: been more innovation in the coin market in the last

498
00:25:37,240 --> 00:25:41,840
Speaker 3: five years then there's been innovation in corporate America in

499
00:25:41,840 --> 00:25:47,600
Speaker 3: the last fifty. Even Tessa without Elon Tesla is a

500
00:25:47,680 --> 00:25:55,800
Speaker 3: cute fod. He's a driving force behind it. If if

501
00:25:55,800 --> 00:26:01,760
Speaker 3: the talent ran Tessla, nobody would want a Tesla, yes

502
00:26:01,840 --> 00:26:07,960
Speaker 3: or no, I don't everybody think these are hot takes.

503
00:26:08,760 --> 00:26:11,280
Speaker 3: Ye listen and Josh should say the same ship and

504
00:26:11,320 --> 00:26:14,360
Speaker 3: people will be like, oh my god, it was Jesus.

505
00:26:14,400 --> 00:26:16,480
Speaker 3: So just like this ship is law.

506
00:26:18,920 --> 00:26:24,960
Speaker 7: Fifty first law right here, the ramifications right, I mean,

507
00:26:25,200 --> 00:26:28,000
Speaker 7: obviously too big to fail. So I'm thinking, like, obviously

508
00:26:28,000 --> 00:26:30,440
Speaker 7: we saw what happened when when we had economic downturn,

509
00:26:30,600 --> 00:26:33,879
Speaker 7: the government does whatever it takes. I'm assuming, I mean

510
00:26:33,960 --> 00:26:37,000
Speaker 7: from China they would probably do the same. But I want,

511
00:26:37,040 --> 00:26:41,159
Speaker 7: I know most people are wondering, like obviously their housing

512
00:26:41,200 --> 00:26:43,080
Speaker 7: market How's it gonna affect ours directly?

513
00:26:43,560 --> 00:26:46,160
Speaker 6: Their banking system? How's that gonna affect us here directly?

514
00:26:46,200 --> 00:26:48,359
Speaker 6: Obviously we don't bank with chrying. It's not even something

515
00:26:48,400 --> 00:26:49,320
Speaker 6: that that's that we do.

516
00:26:49,359 --> 00:26:52,879
Speaker 7: So how will it affect I guess the average American

517
00:26:53,880 --> 00:26:55,120
Speaker 7: if that does happen.

518
00:26:55,480 --> 00:26:58,840
Speaker 3: If they have a pull back. And when I say crash,

519
00:26:58,920 --> 00:27:00,639
Speaker 3: I mean I don't mean collapse, and then they're going

520
00:27:00,680 --> 00:27:03,720
Speaker 3: to go like they're going to fall apart, like they'll

521
00:27:04,200 --> 00:27:06,040
Speaker 3: economy be down for two or three years, and then

522
00:27:06,440 --> 00:27:10,000
Speaker 3: they'll initiate like a bailout package as well, and then

523
00:27:10,320 --> 00:27:12,240
Speaker 3: things will be fine. So I don't mean like they're

524
00:27:12,280 --> 00:27:14,199
Speaker 3: going to collapse and then fucking fall into the oship.

525
00:27:16,280 --> 00:27:21,480
Speaker 5: My graduates from my school being force back drop drop

526
00:27:22,119 --> 00:27:23,560
Speaker 5: Mike drop back.

527
00:27:23,520 --> 00:27:38,280
Speaker 8: Drop, an illegal alien from Guatemala charged with raping a

528
00:27:38,359 --> 00:27:41,840
Speaker 8: child in Massachusetts. An MS thirteen gang member from Al

529
00:27:41,920 --> 00:27:46,760
Speaker 8: Salvador accused of murdering a Texas man of Venezuelan charged

530
00:27:46,760 --> 00:27:50,680
Speaker 8: with filming and selling child pornography in Michigan. These are

531
00:27:50,720 --> 00:27:54,240
Speaker 8: just some of the heinous migrant criminals caught because of

532
00:27:54,280 --> 00:27:58,000
Speaker 8: President Donald J. Trump's leadership. I'm Christine Noman the United

533
00:27:58,000 --> 00:28:02,760
Speaker 8: States Secretary of Homeland Security. Under President Trump, attempted illegal

534
00:28:02,800 --> 00:28:06,439
Speaker 8: border crossings are at the lowest levels ever recorded, and

535
00:28:06,480 --> 00:28:09,840
Speaker 8: over one hundred thousand illegal aliens have been arrested. If

536
00:28:09,880 --> 00:28:13,520
Speaker 8: you are here illegally, your next you will be fined

537
00:28:13,600 --> 00:28:17,679
Speaker 8: nearly one thousand dollars a day, imprisoned, and deported. You

538
00:28:17,760 --> 00:28:21,280
Speaker 8: will never return. But if you register using our CBP

539
00:28:21,480 --> 00:28:24,199
Speaker 8: home app and leave now, you could be allowed to

540
00:28:24,240 --> 00:28:29,080
Speaker 8: return legally. Do what's right, leave now. Under President Trump,

541
00:28:29,240 --> 00:28:32,840
Speaker 8: America's laws, border and families will be protected.

542
00:28:32,920 --> 00:28:35,040
Speaker 3: Sponsored by the United States Department of Homeland Security,