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Speaker 1: Earners. What's up.

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Speaker 2: You ever walk into a small business and everything just

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Speaker 2: tipping is a breeze, and you're out the door before

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Speaker 2: merch partners, Square makes it easy for them to take payments,

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Speaker 2: one simple system. If you're a business owner or even

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Speaker 2: just thinking about launching something soon, Square is hands down

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Speaker 2: you time back so you can focus.

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Speaker 1: On what matters most Ready.

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Speaker 2: Let's Square handle the back end so you can keep

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Speaker 2: pushing your vision forward. This episode is brought to you

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Speaker 2: by P and C Bank, a lot of people think

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Speaker 2: podcasts about work are boring, and sure they definitely can be,

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Speaker 2: but understanding of professional's routine shows us how they achieve

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Speaker 2: their success little by little, day after day. It's like

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Speaker 2: banking with P and C Bank. It might seem boring

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Speaker 2: but keeping your money boring is what helps you live

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Speaker 2: Boring since eighteen sixty five. Brilliantly Boring since eighteen sixty

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Speaker 2: five is a service mark of the PNC Financial Service Group, Inc.

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Speaker 2: P and C Bank National Association Member FDIC.

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Speaker 3: But Mike Novagrass gave some interesting commentary. So from an

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Speaker 3: investing standpoint, if you'll know what Mike Novagrass is, He's

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Speaker 3: a billionaire, He's spoken to invest fast, He's been on

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Speaker 3: market mondays. He said that his biggest concern was the

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Speaker 3: US debt.

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Speaker 1: That was the biggest concern.

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Speaker 3: He said his top investments would be hedges for inflation,

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Speaker 3: like if somebody had money to invest right now, he said.

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Speaker 3: He said that he was leary of the stock market

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Speaker 3: long term. He said Crypto, particularly bitcoin coin and Solana

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Speaker 3: on the all coin side, and he said gold. He said,

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Speaker 3: go he thinks gold can get to ten thousand.

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Speaker 1: Yeah, there was another one. He's up what tech he said?

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Speaker 3: He said tech stocks for sure, but he said tech

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Speaker 3: stocks is going to have a crash at some point.

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Speaker 3: And then he referenced he was talking about like all

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Speaker 3: the different crashes and he was like, he's like there's

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Speaker 3: always He's like, there's a spike before the party's over.

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Speaker 3: And he was like, in year two thousand in they

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Speaker 3: have fireworks that went from Japan all the way to

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Speaker 3: Australia and everybody, and then the next day the stock

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Speaker 3: market craft.

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Speaker 2: He said, every great party has a hangover.

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Speaker 3: So he was saying that tex still has it happened,

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Speaker 3: said he said tech still has a ride up.

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Speaker 1: Yeah.

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Speaker 3: He said he didn't know it was gonna be two months,

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Speaker 3: two years, five years, but he said, eventually the tech

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Speaker 3: wave is going to fall off a clip.

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Speaker 1: Yeah, him, him and Dave.

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Speaker 2: I mean, these are just brilliant guys, just brilliant dudes,

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Speaker 2: man like and shout out to mail too. Brilliant dude

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Speaker 2: in his own right. But every great party has a hangover.

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Speaker 2: And so the question is, well, what hour are we

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Speaker 2: in in this party, right, like, is it after midnight yet?

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Speaker 2: And they were kind of like, I think, as far

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Speaker 2: as AI, we still might be in the early innings.

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Speaker 2: But eventually, right, it's gonna come to end. It's gonna

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Speaker 2: come to an end. We just got to be prepared.

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Speaker 2: But I mean, there's always opportunities. I mean, there's so

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Speaker 2: many ways you can look at it. Every every crisis

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Speaker 2: has an opportunity.

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Speaker 3: Let's take this one by one half group discussion. Gold

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Speaker 3: hitting ten thousand at some point and post it's impossible,

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Speaker 3: So like, yeah, principle ten years, Well let's go if

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Speaker 3: we're going four years now.

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Speaker 1: Possible? Could it get to.

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Speaker 3: That's the hell of a return in ten years it's

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Speaker 3: twenty seven hundred.

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Speaker 4: Now, yeah, five thousand ago I could see it getting

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Speaker 4: too five thousand.

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Speaker 1: That's almost three x.

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Speaker 4: Yeah, well we have a pullback, a deep one absolutely

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Speaker 4: in gold.

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Speaker 1: Yeah, in tech.

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Speaker 3: So so all right, so gold, we got gold at

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Speaker 3: least doubling.

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Speaker 2: And it's important to tell people how to invest in

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Speaker 2: go if that's right, you said through ETF Oh yeah,

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Speaker 2: we talked about it.

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Speaker 1: I'm gonna make sure everything. Well, how do I buy it?

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Speaker 1: Where do I buy it?

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Speaker 3: You could buy physical Goal, but then you know the

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Speaker 3: ETF is g l D, it is Spider.

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Speaker 1: We talked about that on Mark Mondays.

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Speaker 3: But Goal tech tech stocks because tech is was driving

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Speaker 3: the US economy. That's why even they put that report out.

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Speaker 3: I forgot what bank. I think it was Gold and

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Speaker 3: Sacks that they direct to three percent on the S

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Speaker 3: and P over the next ten years. I was so excited,

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Speaker 3: I mean because really, if you look at it, the

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Speaker 3: S and P is not performing well outside of a

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Speaker 3: few stocks. Right, So it's five hundred companies and it's

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Speaker 3: like ten stocks that's driving in. All of those ten stocks,

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Speaker 3: for the most part, are all technology companies. So how

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Speaker 3: long you know, it's like one of these things, right,

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Speaker 3: like you can't carry dead weight for But so.

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Speaker 1: Long we've got some time.

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Speaker 3: So tech stock, the tech stock craze. How long is

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Speaker 3: this gonna what's the.

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Speaker 1: Deal with this?

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Speaker 4: It's just gonna do incredibly well until late twenty twenty six.

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Speaker 4: I've been saying it's four few years in stock club.

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Speaker 4: Twenty twenty seven is when we're gonna see hell on

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Speaker 4: Earth and a lot of companies that are not doing.

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Speaker 4: A old boy who kept talking to me about Intel

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Speaker 4: and Video replaced it. I do this for a living

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Speaker 4: before y'all knew who I was humbling. Respectfully, I'm in

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Speaker 4: a good place, so it's for shod But I need

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Speaker 4: y'all to stop criticizing because y'all don't read and because

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Speaker 4: you don't actively invest in the market. Twenty two to seven,

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Speaker 4: we're going to have a dramatic pullback. Could I see

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Speaker 4: a twenty five to forty percent drop then for sure.

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Speaker 4: Dropbox just laid off twenty percent of its workforce. If

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Speaker 4: you are not aled, you're having a dramatic issue. The

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Speaker 4: rust of two thousand is still struggling. I've been talking

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Speaker 4: about the debt to GDP ratio forever, which has been

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Speaker 4: a major issue. Trillions of dollars of losses are sitting

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Speaker 4: inside of banks and nobody's talking about it.

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Speaker 1: Free Thug.

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Speaker 4: We talked about young Thug getting free more than that

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Speaker 4: the last six weeks, and no one's talking about this

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Speaker 4: as scale, which is a student loan crisis is really big.

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Speaker 4: But what's driving our value and what is our main

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Speaker 4: export technology? So in video will get bigger at some point. Apple,

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Speaker 4: I think by twenty twenty seven will be third in

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Speaker 4: terms of market cap for.

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Speaker 1: Years.

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Speaker 2: Well, let me let me just run down these numbers, right,

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Speaker 2: because if we're talking about that, how far can we

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Speaker 2: go in terms of growth? Do you think in video

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Speaker 2: be a four trillion dollar company in the next three years?

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Speaker 1: Absolutely right? Do you think Apple will?

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Speaker 2: I'll say, yeah, yes, yeah, Microsoft, of course, right, they're

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Speaker 2: all right, And so then it leads you so well,

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Speaker 2: if those are going to affoord, does Alphabet look like

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Speaker 2: it can get to three trillion?

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Speaker 1: Yeah, Alphabet fux I'm gonna.

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Speaker 2: Be I think it can. I think Amazon will get

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Speaker 2: there first. Yes, but then I met us right there

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Speaker 2: at that one. TSM is about to be a trillion

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Speaker 2: dollar company? Do we see that slowing down? So like

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Speaker 2: that can now jump a few places. And so if

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Speaker 2: we're talking about does technology lead for the next two

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Speaker 2: to three years, for sure.

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Speaker 1: Lead the next decade.

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Speaker 4: But like we're trying to say it though the other

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Speaker 4: okay company fifteen through four ninety.

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Speaker 2: Eight, we still got some ones in there, reserve player.

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Speaker 1: But why twenty twenty seven.

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Speaker 4: Let's just say because I'm tired of people stilling, so

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Speaker 4: my mom telling me so they couldn't still don't tell everything,

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Speaker 4: But twenty twenty seven is going to be a changing

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Speaker 4: of the guard for a lot of companies, like Apple's

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Speaker 4: apex will be in twenty thirty four, just like we

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Speaker 4: had a shift from twenty nineteen to twenty twenty one,

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Speaker 4: and what companies led.

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Speaker 1: Twenty twenty seven is.

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Speaker 4: A very pivotal year on a decade level, when a

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Speaker 4: lot of hedge funds are going to offload certain investments

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Speaker 4: and then people are going.

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Speaker 1: To start to walk away.

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Speaker 2: So here's a follow up question to that, right, because

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Speaker 2: it's important because this happened over the weekend as well.

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Speaker 1: First, tire I had to way three hundred billion billion

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Speaker 1: in reserves. YEP, I don't think Buppet.

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Speaker 2: Let's say he's not there's a chance he doesn't make

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Speaker 2: it to twenty twenty seven.

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Speaker 1: There's a chance he doesn't make it to.

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Speaker 2: Why the cash pile and the selling of tech if

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Speaker 2: that's his case.

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Speaker 4: Because when you have that amount of shares, you can't

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Speaker 4: liquidate all at one time. You have to eventually leg out.

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Speaker 4: And also too, I think he knows something. Okay, if

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Speaker 4: I'm looking at America as a say possible the commercial

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Speaker 4: real estate is messed up.

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Speaker 1: No one wants to talk about it.

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Speaker 4: There's maybe fifteen companies in tech that are driving all

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Speaker 4: the valuations. Startup scene is in shambles, private equities in shambles.

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Speaker 1: Banks are in shambles.

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Speaker 4: If I told you that that was my business model,

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Speaker 4: which you invest in me, yes or no? The answer

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Speaker 4: is going to be known. So at some point the

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Speaker 4: House of cards has to correct. And I think he's

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Speaker 4: jumping now. I think it's a mistake to look with

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Speaker 4: Athis early. But there's a reason he has that cash

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Speaker 4: on hand. And going back to why he sold off

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Speaker 4: in Bank of America, I want to say this again,

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Speaker 4: there are trillions. Okay, imagine if you're a trader and

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Speaker 4: you're a p and L said negative three trillion.

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Speaker 1: There's ten banks that are and for.

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Speaker 4: Those of you who don't know, the level of losses

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Speaker 4: that are sitting on the books is worse than two

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Speaker 4: thousand and eight. And I'm going to declare this too

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Speaker 4: about twenty twenty seven that Max seven is going to

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Speaker 4: be a fantastic four. Whoever I heard that analogy before.

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Speaker 5: An illegal alien from Guatemala charged with raping a child

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Speaker 5: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 5: accused of murdering a Texas man of Venezuelan charged with

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Speaker 5: filming and selling child pornography in Michigan. These are just

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Speaker 5: some of the heinous migrant criminals caught because of President

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Speaker 5: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 5: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 5: crossings are at the lowest levels ever recorded, and over

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Speaker 5: one hundred thousand illegal aliens have been arrested. If you

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Speaker 5: are here illegally, your next you will be fine nearly

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Speaker 5: one thousand dollars a day, imprisoned and deported, you will

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Speaker 5: never return. But if you register using our CBP home

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Speaker 5: app and leave now, you could be allowed to return legally.

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Speaker 5: Do what's right now. Under President Trump, America's laws, border

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Speaker 5: and families will be protected.

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Speaker 1: Sponsored by the United States Department of Homeland Security.