WEBVTT - Cliff Notes: THE RICH OWN MOST OF THE BITCOINS

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<v Speaker 1>Hi. I'm Sherry Harris, owner of Life Source Water. As

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<v Speaker 1>a new grandmother in lifelong Californian, I care about what's

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<v Speaker 1>in the water my family uses every day. For over

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<v Speaker 1>forty years, our whole house water system has protected Bay

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<v Speaker 1>Area families with filtered water from every tap. Now we

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<v Speaker 1>up to twelve hundred dollars in savings. Call our factory

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<v Speaker 1>at one eight hundred Water ninety nine or visit Life

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<v Speaker 1>sourcewater dot com. Hurry offer in September thirty.

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<v Speaker 2>Warranty limitations apply.

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<v Speaker 3>So for all of you that love bitcoin is like yo,

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<v Speaker 3>it's going to be a decentralized platform. Look at this,

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<v Speaker 3>two point one four percent of accounts own ninety four

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<v Speaker 3>percent of bitcoin. To all this, Hey, we're going to

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<v Speaker 3>get off the dollar and we're going to transfer to bitcoin,

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<v Speaker 3>the digital currencies. And there was talk to even maybe

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<v Speaker 3>ten years about the marrow being a dominant force. Listen,

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<v Speaker 3>sixty five percent of bigcoin min and is done in China,

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<v Speaker 3>seven point twenty four percent in the US, six point

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<v Speaker 3>nine percent in Russia, six point one seven percent in Kazakhstan.

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<v Speaker 3>The rich own most of the bitcoin. So if they

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<v Speaker 3>have controlled the dollar, and they controlled all currencies in

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<v Speaker 3>all commodities, why do you think that they are going

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<v Speaker 3>to let us control a currency for the first time

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<v Speaker 3>in history. The game is always the same. They are

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<v Speaker 3>using us and the media to get us in. So

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<v Speaker 3>if they need to be able to liquidate at any time,

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<v Speaker 3>the same way Elon did, there's enough liquidity there where

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<v Speaker 3>there is not excessive slippage if you own eight hundred

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<v Speaker 3>thousand coins. At one point, we got to get the

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<v Speaker 3>Winklevoss twins in because without them there would be no

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<v Speaker 3>institutional back and forth bitcoin. They created their blueprint, but

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<v Speaker 3>they use US retails traders for liquidity.

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<v Speaker 2>Please be mindful of that.

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<v Speaker 3>And if bitcoin work country, it would be a top

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<v Speaker 3>thirty energy user. This weekend, everybody went crazy, Oh, it's

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<v Speaker 3>so inefficient in terms of energy.

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<v Speaker 2>No one was talking about this last year to year prior.

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<v Speaker 3>And to be honest, people do not care about privacy

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<v Speaker 3>or their environment. Where they can make profit, that's retail

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<v Speaker 3>traders included. China is number one, USA is number two.

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<v Speaker 3>But it is a considerable threat that we have to

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<v Speaker 3>consider with mining five ninety two on Tesla. I caught

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<v Speaker 3>her a couple of weeks ago. If Tesla gets to

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<v Speaker 3>four eighty, that'll be another decent spot for you guys

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<v Speaker 3>to start to build a position. If you're holding for

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<v Speaker 3>long term. Trading has considerable risk, so it does investing.

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<v Speaker 3>Please host for the long term. Some of you been

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<v Speaker 3>telling me that you want the best entries on the planet,

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<v Speaker 3>and I've been giving them to you, so please take

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<v Speaker 3>them a moment to write and chat. Just one stock

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<v Speaker 3>that you want me to give out for free for

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<v Speaker 3>night tonight? Where to get in? I got the question?

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<v Speaker 3>Is byd worth investing in? If you don't have it,

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<v Speaker 3>please put it on you and watch list. Yes, it

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<v Speaker 3>is definitely worth investing in. On the stock club called tonight,

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<v Speaker 3>I'll give you guys the price of what.

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<v Speaker 2>To jump in.

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<v Speaker 3>I'll touch on this really quick. I know some of

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<v Speaker 3>you are sorry to say that you don't like reading.

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<v Speaker 3>If you don't like reading traditional books, audio books is fine,

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<v Speaker 3>and speed them up and if you can play them

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<v Speaker 3>on one point five, that's better. I want to tell

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<v Speaker 3>you this, A man with no knowledge is the easiest

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<v Speaker 3>person to rob in business. I need you to arm

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<v Speaker 3>yourself the more information that you know, and everyone has

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<v Speaker 3>a unique gift or a unique insight. Like to be honest,

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<v Speaker 3>when I got on Live after we start doing market monders,

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<v Speaker 3>I get on and watch Trap. I don't think there's

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<v Speaker 3>any retail investor on the planet that's better fundamentals in Trap,

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<v Speaker 3>not one like I would get on and be marvel like,

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<v Speaker 3>oh my God, like thank God, that's my guy. We're

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<v Speaker 3>not competing, right, I think when it comes to entries

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<v Speaker 3>that got the best entries on the planet, I think

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<v Speaker 3>Troy and Rashot has done the best, and they're showing

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<v Speaker 3>you in real time how to I have several assets

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<v Speaker 3>working for you at one time, and that gym that

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<v Speaker 3>he put out this morning about a certain amount of door,

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<v Speaker 3>a certain amount of coins, certain amount of shares fire,

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<v Speaker 3>You guys need to go implement that. But until you

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<v Speaker 3>begin to arm yourself, you're always going to be at

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<v Speaker 3>the mercy of someone else.

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<v Speaker 2>And I did not want that.

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<v Speaker 3>I told you guys before Square is a new JP Morgan.

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<v Speaker 3>I'm going to give you a hot take. I think

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<v Speaker 3>GM is the Microsoft of electronic vehicles. Everyone's trying to

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<v Speaker 3>see who's going to surpass Tesla. Sometimes you have to

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<v Speaker 3>invest in the number two and be happy. And I

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<v Speaker 3>don't like many automakers, but with all the competitors that

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<v Speaker 3>are there, GM is going to be a solid number

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<v Speaker 3>two or number three in the space that's going to

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<v Speaker 3>do well for a long time. And I want touch

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<v Speaker 3>on this really quick about Elon and it is history

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<v Speaker 3>in South Africa. So anytime I post about Elon, someone's

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<v Speaker 3>like yo, but his dad owned the mind and he

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<v Speaker 3>used the people in South Africa, and that's true. I'm

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<v Speaker 3>going to say this again. There are no Fortune fifty

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<v Speaker 3>companies that have a clean history. You guys are telling

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<v Speaker 3>me this and arguing with me about this on an

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<v Speaker 3>iPhone and the materials gathered from or to put to

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<v Speaker 3>make the chips to go into the iPhone are gathered

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<v Speaker 3>by children while wearing j's And we've known.

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<v Speaker 4>For This episode is brought to you by P and

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<v Speaker 3>Decades the Nike has used child or slave labor. There

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<v Speaker 3>is no such thing as one hundred percent clean capital

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<v Speaker 3>that does billions of dollars per year.

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<v Speaker 2>I hate to break it to.

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<v Speaker 3>You, so yes, I know Elon family has a different history.

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<v Speaker 3>I also cannot take away the work that he's done

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<v Speaker 3>since nineteen ninety nine. And also, I want you guys

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<v Speaker 3>to stop looking at people as deities and gods. Even

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<v Speaker 3>when I'm at some of these ones and you're like,

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<v Speaker 3>HOWLL lookup to you, you to go, I'm like, I'm a

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<v Speaker 3>normal person. The only thing I did was choose to

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<v Speaker 3>look at this for hours a day for years. You

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<v Speaker 3>have the same gift inside of you, But there is

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<v Speaker 3>no clean capital if they're making billions of dollars And

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<v Speaker 3>being real with you, here the six principles to master

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<v Speaker 3>the market, and I'll put this out in twenty seventeen,

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<v Speaker 3>but I think it's more relevant than ever.

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<v Speaker 2>Number one, do not lose money.

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<v Speaker 3>I know somebody's gonna say, how do you do that?

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<v Speaker 3>By investing in assets to have a low probability of

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<v Speaker 3>losing money?

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<v Speaker 2>Right?

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<v Speaker 3>Number two, don't forget rule number one, which comes from

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<v Speaker 3>war on buffet number three for my traders, only take

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<v Speaker 3>trades that will not lose. We all know a trading setup,

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<v Speaker 3>whether it's a breakout, mean reversion.

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<v Speaker 2>We got a double top, head and shoulders.

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<v Speaker 3>We got a couple handle pattern, doing a prime time

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<v Speaker 3>that we know is gonna win. The biggest mistake that

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<v Speaker 3>we make is traders is taking trades just because we

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<v Speaker 3>want to take one shout out to the dream Team.

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<v Speaker 2>That's why I'll tell you guys, take perfect only. Rule

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<v Speaker 2>number four.

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<v Speaker 3>Compound your contracts or stocks after you have mastered your strategy,

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<v Speaker 3>so at some point you have to scale. So if

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<v Speaker 3>you're trading futures and you're only trading two contracts or five,

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<v Speaker 3>you're a captain how much you're gonna make.

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<v Speaker 2>So I'm going to challenge Dreaming Team.

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<v Speaker 3>I need you guys to start compounding your contracts, like

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<v Speaker 3>go from four to eight, sixteen, thirty, two sixty four.

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<v Speaker 3>And then for those of you that are buying shares,

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<v Speaker 3>if you buy one hundred shares at a time, when

0:10:11.240 --> 0:10:14.240
<v Speaker 3>it gets to an ideal position, you have to go

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<v Speaker 3>two hundred, then four hundred, and then once again going

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<v Speaker 3>back to Taryoo shot, you're seeing them double down on

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<v Speaker 3>content and real time. We'll started the show like listen,

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<v Speaker 3>we got this today, this tonight, this pot. You're seeing

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<v Speaker 3>them compound once they have a system that works. Please

0:10:29.120 --> 0:10:33.600
<v Speaker 3>put in chat compound when I have a winner, until

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<v Speaker 3>they don't do anything. Number five, focus on the long

0:10:37.000 --> 0:10:40.719
<v Speaker 3>term portfolio, even if you have huge gains in your

0:10:40.720 --> 0:10:45.280
<v Speaker 3>short term account. Go look at the billionaire list I

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<v Speaker 3>talked about on Forbes. There are no traders on there,

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<v Speaker 3>with the exception probably appall to their jones. That's one

0:10:50.559 --> 0:10:53.079
<v Speaker 3>out of millions. You have to have your money work

0:10:53.120 --> 0:10:55.640
<v Speaker 3>for you. And rule number six, never give up more

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<v Speaker 3>than one point six percent on any one particular trade.

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<v Speaker 3>If I regrets of the dying, I'll touch on these

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<v Speaker 3>real quick when we get my guy mat On.

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<v Speaker 2>Number one, you.

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<v Speaker 3>Wish that you had the courage to live the life

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<v Speaker 3>that you want. I want everybody to put in here

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<v Speaker 3>and what is your dream life? Number two, I wish

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<v Speaker 3>I hadn't worked so hard.

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<v Speaker 2>Man.

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<v Speaker 3>I can't lie like Wednesday hanging out. I'm like you

0:11:21.000 --> 0:11:22.880
<v Speaker 3>got bu this bar like Troy, let you Li's sent

0:11:22.960 --> 0:11:25.000
<v Speaker 3>up another to beat up. Go on to meet up

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<v Speaker 3>tour because we need balance and truth be told I've

0:11:28.120 --> 0:11:31.360
<v Speaker 3>never been at a funeral and thought about doing more work.

0:11:32.160 --> 0:11:35.040
<v Speaker 3>There's a place for hard work, for sure, but there

0:11:35.080 --> 0:11:37.520
<v Speaker 3>has to be balancing there. Number three, I wish I

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<v Speaker 3>had the courage to express my feelings, and especially as

0:11:40.440 --> 0:11:42.959
<v Speaker 3>black men, we have to do a better job.

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<v Speaker 2>Of saying, Bro, I'm sorry, Bro, I messed up. Bro.

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<v Speaker 3>Can we talk opposed to harboring and holding these feelings inside?

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<v Speaker 3>Number four, I wish I stayed in touch with my friends.

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<v Speaker 3>We talked about this last week on the stock club call.

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<v Speaker 3>I know some of you are leveling up and your thinking, like, man,

0:12:01.520 --> 0:12:03.760
<v Speaker 3>my friends aren't leveling up with me, so I need

0:12:03.800 --> 0:12:06.360
<v Speaker 3>to leave them to the side. That is the biggest

0:12:06.360 --> 0:12:10.160
<v Speaker 3>mistake you'll make. There is no business book or Excel

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<v Speaker 3>sheet or amount of money that would make you so

0:12:12.080 --> 0:12:14.360
<v Speaker 3>happy that if you lose your best friend that you've

0:12:14.360 --> 0:12:17.440
<v Speaker 3>been cool with since nineteen ninety one, that that book

0:12:17.480 --> 0:12:19.280
<v Speaker 3>is going to hold you tight and be there for you.

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<v Speaker 3>Friends and friendships and relationships are the real equity that

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<v Speaker 3>matter the most. Number five, I wish that I had

0:12:27.640 --> 0:12:31.760
<v Speaker 3>let myself be happier. Everybody put in chat. I deserve happiness,

0:12:32.360 --> 0:12:34.720
<v Speaker 3>every single one of you, and I know everyone's fighting

0:12:34.720 --> 0:12:36.960
<v Speaker 3>a battle and going through something, but we all deserve

0:12:38.040 --> 0:12:38.640
<v Speaker 3>to be happy.

0:12:40.720 --> 0:12:46.000
<v Speaker 5>My graduates from my school being forced back drop drop

0:12:46.600 --> 0:12:49.000
<v Speaker 5>my drop, back drop drop.

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<v Speaker 6>An illegal alien from Guatemala charged with raping a child

0:13:03.880 --> 0:13:07.640
<v Speaker 6>in Massachusetts. An MS thirteen gang member from Al Salvador

0:13:07.880 --> 0:13:12.040
<v Speaker 6>accused of murdering a Texas man of Venezuelan charged with

0:13:12.120 --> 0:13:16.000
<v Speaker 6>filming and selling child pornography in Michigan. These are just

0:13:16.080 --> 0:13:19.880
<v Speaker 6>some of the heinous migrant criminals caught because of President

0:13:19.880 --> 0:13:21.360
<v Speaker 6>Donald J. Trump's leadership.

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<v Speaker 7>I'm Christy nom the United States Secretary of Homeland Security.

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<v Speaker 7>Under President Trump, attempted illegal border crossings are at the

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<v Speaker 7>lowest levels ever recorded, and over one hundred thousand illegal

0:13:33.280 --> 0:13:37.120
<v Speaker 7>aliens have been arrested. If you are here illegally, your

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<v Speaker 7>next you will be fine nearly one thousand dollars a day,

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<v Speaker 7>imprisoned and deported, you will never return. But if you

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<v Speaker 7>register using our CBP home app and leave now, you

0:13:48.520 --> 0:13:49.679
<v Speaker 7>could be allowed.

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<v Speaker 6>To return legally. Do what's right. Leave now.

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<v Speaker 7>Under President Trump, America's laws, border and families will

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<v Speaker 2>Be protected sponsored by the United States Department of Home

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<v Speaker 2>Secure like