Latest / Earn Your Leisure / Study Hall: IS IT TIME TO SELL STOCKS, WILL CHINA COLLAPSE, BITCOIN & ETHEREUM

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Study Hall: IS IT TIME TO SELL STOCKS, WILL CHINA COLLAPSE, BITCOIN & ETHEREUM · Earn Your Leisure

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Speaker 2: Soower take it before we begin.
1:01
Speaker 3: China's gonna collapse soon next year, They're gonna go through
1:05
Speaker 3: a big recession. Get careful so we'll be careful. So
1:09
Speaker 3: for those of you about to tune out, you're about
1:10
Speaker 3: to go cook and take care of your kids.
1:13
Speaker 4: Keep your eye on China. Things are gonna get really
1:14
Speaker 4: tough next year.
1:17
Speaker 3: Ahead.
1:18
Speaker 2: China will collapse. That all right, let's get back to
1:20
Speaker 2: that later on.
1:22
Speaker 3: They always say it's not true. I know it's gonna
1:25
Speaker 3: be a think piece tomorrow. Ian's wronk again. Okay, give
1:29
Speaker 3: it a few months. Michael Saylor Bigcoin twenty thousand said
1:33
Speaker 3: that was crazy, said Michael Saylor wouldn't leave. And here
1:36
Speaker 3: we are.
1:38
Speaker 2: So let's get right into this.
1:40
Speaker 5: Bigcoin hit twenty four thousand, the highest price has been
1:44
Speaker 5: in two months. What price will it hit by the
1:47
Speaker 5: end of the year.
1:49
Speaker 3: I think bigcoin will probably get up to like thirty
1:51
Speaker 3: four thousand and seven twenty. It's gonna be a slow
1:54
Speaker 3: push up. The world is like really just when we
1:58
Speaker 3: talk about Michael Burry later, but the hedge funds, macro investors,
2:03
Speaker 3: institutional investors are just really resetting the prices that should
2:08
Speaker 3: be they should be brought in at we are. We
2:11
Speaker 3: kind of did like a dead cat bounce and we're
2:13
Speaker 3: like in the middle range. This isn't the best time
2:15
Speaker 3: to buy. We're probably hit thirty four thousand some change,
2:18
Speaker 3: maybe get up to thirty five thousand and slide back down.
2:21
Speaker 3: But we should end up positive. We'll have some positive
2:25
Speaker 3: growth and bitcoin for the year. S and P is
2:27
Speaker 3: pushing up. Everyone put in chat, what's the number I
2:29
Speaker 3: said we should hit for S and P by end
2:31
Speaker 3: of the year. We're getting close there, and I think
2:33
Speaker 3: by twenty twenty four like bitcoin and be back in
2:36
Speaker 3: at sixty seventy possibly eighty range. So we got the
2:41
Speaker 3: hold on tight, but it'll be worth for a few
2:43
Speaker 3: years for you to hold onto it.
2:47
Speaker 6: Okay, so we're telling the long term investor.
2:49
Speaker 2: Anything else you want to add to that, Yeah, I
2:50
Speaker 2: mean we could.
2:51
Speaker 6: Talk about bitcoin, but we should also pay attention to you.
2:53
Speaker 7: What ethereum is, don I'm going to go next?
2:56
Speaker 6: Bcoin?
2:57
Speaker 7: I mean, obviously we say this's all time, like I'm
3:00
Speaker 7: not trading it, so it's a long term investment.
3:02
Speaker 6: So the money goes in, it stays there.
3:04
Speaker 7: But it's interesting like some people who have been waiting hopefully,
3:07
Speaker 7: like you said, got into it when it got down
3:10
Speaker 7: to nineteen nine or nineteen seven, because even at twenty
3:14
Speaker 7: four you've made profit. If it gets up to thirty four,
3:16
Speaker 7: you made even more profit. And so we always try
3:18
Speaker 7: to figure out where's the bottom, where's the bottom when
3:20
Speaker 7: it pulls back sixty seventy percent.
3:23
Speaker 6: We've seen the volatility in it. If you've studied the
3:26
Speaker 6: history of.
3:26
Speaker 7: It, you know that, all right, anywhere between seventy to
3:29
Speaker 7: eighty three eighty five percent is a time that it
3:32
Speaker 7: usually hits its bottom. And so we got to that point.
3:35
Speaker 7: If your research said it, then you should have invested
3:37
Speaker 7: in it. But again, we keep it long term. I'm
3:40
Speaker 7: not training it. We say we're going to stay in
3:42
Speaker 7: the position.
3:43
Speaker 3: Yeah, I'll say, Bitcoin in ethere are the two that
3:46
Speaker 3: you should hold long term. Everything else you should trade.
3:48
Speaker 3: So so know some of you, like you hate every crypto.
3:51
Speaker 6: I don't.
3:52
Speaker 3: I just don't want you guys to lose a bunch
3:53
Speaker 3: of money. But she but those Luna, you know, all
3:57
Speaker 3: the ones that are not the top two swing trade though,
4:00
Speaker 3: and if you want to day trade them, they trade them.
4:03
Speaker 3: But Bitcoin and the theory you should hold. I'd like
4:05
Speaker 3: the return I think over the last ten years of bitcoin,
4:08
Speaker 3: if you held it, it's like two hundred and ten
4:10
Speaker 3: thousand percent return.
4:11
Speaker 6: Yeah, something ridiculous.
4:13
Speaker 3: You can't argue. Just hold.
4:17
Speaker 5: So all right, so let's talk about ethereum. The mighty
4:21
Speaker 5: mighty Ethereum is back. Has risen like the phoenix is
4:26
Speaker 5: up fifty I believe this month. Yeah, from the low
4:30
Speaker 5: ethereum two point zero on the way Ah ethereum, Yeah
4:36
Speaker 5: is ethereum good now?
4:42
Speaker 6: Good question.
4:43
Speaker 7: Yeah, so it has risen again. Another just the same
4:46
Speaker 7: story as bitpoint bitcoin. We saw the pull back to
4:49
Speaker 7: a sixteen hundred level. Obviously now it got up to
4:52
Speaker 7: two thousand and pulled back a little bit. But the
4:54
Speaker 7: news of that, the merge, that's happening, right, So I
4:58
Speaker 7: think they gave us a date over pat over the weekend,
5:01
Speaker 7: the saying Sep. Seven and fifteenth it's going to move
5:03
Speaker 7: from proof of work to proof of state, which means
5:05
Speaker 7: more less energy intensive as far as how they're going
5:09
Speaker 7: to produce less rewards being given in more of a
5:12
Speaker 7: proof of state situation, which is obviously going to make
5:16
Speaker 7: it a more efficient coin or a more efficient blockchain
5:19
Speaker 7: to build on. And so that is going to happen,
5:22
Speaker 7: they say in the fifteenth through the nineteenth.
5:23
Speaker 6: They've already tested.
5:25
Speaker 7: I think last week they had the third trial of
5:27
Speaker 7: the merger and it went successful, and so Italics came
5:30
Speaker 7: out I think probably over the weekend and said to
5:33
Speaker 7: those are going to be the dates to look out for.
5:35
Speaker 7: So it had a nice ride. Like you said, it's
5:37
Speaker 7: up fifty two percent from its lows. Ethereum is something
5:40
Speaker 7: that we spoke about, I mean over and over, and
5:43
Speaker 7: we talked about being the highway for all these blockchains,
5:46
Speaker 7: these coins to be built on, especially from a usage standpoint.
5:50
Speaker 7: So we're long, long, long, long long on Ethereum.
5:55
Speaker 6: Yeah.
5:58
Speaker 3: Yeah, I'm gonna say something that I normally don't say.
6:05
Speaker 3: I don't know, so I'll give you guys a target.
6:09
Speaker 3: So twenty nine four eighty is a price target that
6:14
Speaker 3: we could hit. I just haven't done all the week,
6:19
Speaker 3: and given the fact that I was sick, I haven't
6:20
Speaker 3: had a chance to go through like all the reading
6:22
Speaker 3: and research. I do think, well, if we'll look at
6:27
Speaker 3: once again Blackrock Vanguard, and I know people are like, hey,
6:30
Speaker 3: that doesn't matter. Last year was like they would never
6:33
Speaker 3: have influence, and now we see Blackrock and coinbase starts
6:36
Speaker 3: to have a partnership. You're going to see JP Morgan,
6:40
Speaker 3: Citadel and a few others have a bigger impact on
6:44
Speaker 3: the price movement of Etherea. Go check and see how
6:48
Speaker 3: big they're a buying. To give you an insight if
6:51
Speaker 3: it's going to do well. Like if the top five
6:52
Speaker 3: hittons are finding like crazy, then it'll be a okay.
6:57
Speaker 3: So I'm not playing both sides. I'm just giving a
6:59
Speaker 3: price of where it could go by end of year,
7:04
Speaker 3: and if you're holding it, you should be holding a
7:05
Speaker 3: four or five year period anyway, as with any long
7:08
Speaker 3: term investment, those are bitcoin in the theory I go
7:11
Speaker 3: on record, are only two. I think you should not
7:13
Speaker 3: be trading. You should be holding if you believe in it.
7:16
Speaker 5: Yeah, well, anybody that watches market one day's nose. I've
7:19
Speaker 5: been pretty consistent when it comes to Ethereum. I think
7:22
Speaker 5: it's the most important cryptocurrency. I think that it is.
7:26
Speaker 3: Why is that by chance to play God's advocate.
7:28
Speaker 2: God's advocate?
7:30
Speaker 5: Because because of its use right, like you know, things
7:34
Speaker 5: are built on the etherium, on the Ethereum blockchain. Bitcoin
7:38
Speaker 5: is the most popular one. But outside of it being
7:42
Speaker 5: traded and outside of it just being bitcoin, which is
7:45
Speaker 5: like the brand name for cryptocurrency has kind of become
7:48
Speaker 5: like band.
7:49
Speaker 2: Aid, that's it.
7:52
Speaker 5: Where Ethereum is a whole ecosystem within itself and it's
7:56
Speaker 5: the largest one.
7:56
Speaker 2: They have competitives.
7:57
Speaker 5: Salona, different things of that nature, but it's still really
8:00
Speaker 5: no competition when you look at it. So being at
8:03
Speaker 5: it's the second biggest crypto, but a whole ecosystem, and
8:07
Speaker 5: it's improving. I feel like it's the most important cryptocurrency
8:14
Speaker 5: and will continue to be the most important cryptocurrency moving forward.
8:18
Speaker 5: And I feel like Ethereum is here to stay. I
8:21
Speaker 5: don't think that it's going to collapse. Of course, it's
8:25
Speaker 5: going to have ups and downs. Cryptos have up and down,
8:27
Speaker 5: like that's crypto. If you don't if you don't want
8:30
Speaker 5: up and down, then you can't invest in cryptocurrency. But
8:33
Speaker 5: long haul, I believe in I believe in Ethereum. I
8:36
Speaker 5: have always believed in Ethereum, and I think that Ethereum
8:40
Speaker 5: will be here for a very long period of time.
8:44
Speaker 3: I'll say this too, if we stay in a crazy
8:47
Speaker 3: interest rate environment and we stay in this like recession
8:52
Speaker 3: like economy while the market goes up and banks are
8:54
Speaker 3: more valuable, yeah, Ethereum will have a lot more value
8:58
Speaker 3: for sure, because the banks start to integrate it a
9:00
Speaker 3: lot more. For those who don't, you know, get to
9:03
Speaker 3: take go look at the episode that we had with
9:05
Speaker 3: Big Boy, which I think was a great episode, the
9:10
Speaker 3: Ethereum will be because every recession there's new products, new
9:15
Speaker 3: services that are ushered in. Ethereum could be one of
9:19
Speaker 3: the ones that are integrated a hell of a lot faster.
9:21
Speaker 3: So when I was saying, hey, I think the banks
9:23
Speaker 3: are going to take over or maybe destroy, his thesis
9:27
Speaker 3: was what they're going to use etherea to integrate it
9:30
Speaker 3: into the banking system. So, yeah, if we stay in
9:35
Speaker 3: an environment where interest rates are high, tech stocks are down,
9:39
Speaker 3: Peloton underperforms. If banks do better, Ethereum is going to
9:43
Speaker 3: have a very important place in the banking system to
9:47
Speaker 3: help banks dominate even more.
9:50
Speaker 7: Yeah, and then the low that I'm looking at here
9:53
Speaker 7: was in July seventeenth to got down to nine to
9:56
Speaker 7: ninety three, and so right now it's currently an eight
10:00
Speaker 7: teen eighty six. So if somebody obviously entered the crypto
10:05
Speaker 7: space at that time made profit, I mean, I think
10:08
Speaker 7: we're right at the market was around April May when
10:11
Speaker 7: it was teetering around two thousand. Obviously it's high at
10:14
Speaker 7: forty eight hundred and last October.
10:16
Speaker 6: So it's just interesting to watch.
10:18
Speaker 7: But this is why we talk about being patient and
10:21
Speaker 7: understanding volatility and understanding that this asset class is a
10:23
Speaker 7: little bit different than the market, right, Like, these things
10:25
Speaker 7: are very violatile and it moves in a very fast way.
10:28
Speaker 7: But if you can understand the charts when you're trading stocks,
10:31
Speaker 7: then I mean you're gonna have the same principles that
10:34
Speaker 7: you can use when you're trying to trade crypto.
10:36
Speaker 6: It's just that it's a lot more filatile.
10:38
Speaker 3: If you guys need a entry, fifteen forty four seventy
10:41
Speaker 3: is a good place to get in if you if
10:43
Speaker 3: you haven't got in already as well, it's gonna slide
10:46
Speaker 3: back down, but that's a good place to be able
10:47
Speaker 3: to get in. And don't buy today. Wait for that price,
10:51
Speaker 3: please put in chat. Patience is what pays me, So
10:55
Speaker 3: wait for those right prices and.
10:56
Speaker 4: Then you'll be able to get in and take advantage
10:59
Speaker 4: of the upside of it.
11:01
Speaker 3: And once again, this is for a long term. So
11:03
Speaker 3: for those of you that are like taking my prices
11:05
Speaker 3: and remixing them and give them to your cousin for
11:07
Speaker 3: a two day swing, trade, this ain't it. I saw
11:09
Speaker 3: a lot of y'all Atlanta. Man. You let me down. No,
11:12
Speaker 3: you let me down. I said five here, I'm sorry.
11:18
Speaker 3: No gambling, no gambling hole for the long term.
11:21
Speaker 5: And here's the rule of thumb, just an investing period.
11:24
Speaker 5: Always always bet on the ecosystems. So Amazon is an ecosystem.
11:31
Speaker 5: Apple is an ecosystem. What I mean by that is like,
11:33
Speaker 5: if Apple goes down, it's not just Apple going down.
11:36
Speaker 5: All of the apps in the Apps Store that rely
11:38
Speaker 5: on Apple, all of the like, these are things that
11:41
Speaker 5: have to go down.
11:42
Speaker 3: So it's like economy will go down.
11:44
Speaker 5: Yeah, it's it's like Nino Brown, like you know what
11:48
Speaker 5: I'm saying, when it was like it's bigger than you.
11:49
Speaker 5: No Brown, like when you some people are just too
11:52
Speaker 5: big to fail because if you take them down, everybody falls.
11:56
Speaker 5: So I feel like Ethereum is that for crypto. Ethereum
12:01
Speaker 5: is too big to fail. And if Etherium fails, it's
12:05
Speaker 5: going to have a tremendous ripple effect, even bigger than bitcoin.
12:09
Speaker 5: Bitcoin to have a tremendous psychological effect, a tremendous psychological
12:13
Speaker 5: effect and a tremendous economic effect. But if Ethereum goes down,
12:19
Speaker 5: it's going to have a ripple effect across the whole ecosystem.
12:24
Speaker 5: So you have to look at it like this. There's
12:26
Speaker 5: trillions and billions of dollars invested into crypto, but most
12:30
Speaker 5: of it is with hedge funds and institutions, so they
12:34
Speaker 5: have a vested interest for the whole crypto space not
12:38
Speaker 5: to fail. So being that they have a vested interest
12:40
Speaker 5: in the whole crypto space not to fail, they have
12:43
Speaker 5: to keep some coins up, like Etherium has to be
12:47
Speaker 5: caught until they have an equal competition that is willing
12:51
Speaker 5: to take it out. You can't afford for Ethereum to
12:54
Speaker 5: fail because it's going to be catastrophic for the whole
12:57
Speaker 5: entire space, and it's going to cost a lot of
12:59
Speaker 5: people money. And at the end of the day, nobody
13:01
Speaker 5: wants to lose money. You don't invest to lose money,
13:03
Speaker 5: especially at the highest levels. So Ethereum is too big
13:07
Speaker 5: to fail.
13:08
Speaker 7: And even like from a dominant standpoint, I don't know
13:10
Speaker 7: if anybody ever looks at that, but I'm looking at
13:11
Speaker 7: right now on coin market cap. I remember the days
13:14
Speaker 7: when bitcoin dominance. The percentage used to be in the
13:16
Speaker 7: sixties and the seventies. If you look now, it's at
13:18
Speaker 7: forty percent. Ethereum is at twenty percent. This episode is
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Speaker 7: gap has closed substantially. About those two coins, of those
15:17
Speaker 7: two cryptocurrencies, about how much they affected overall space.
15:22
Speaker 6: So that's interesting to look at.
15:23
Speaker 3: Yeah, I see what she did with the ripple effect.
15:27
Speaker 6: Shut out.
15:28
Speaker 7: I mean, where else are you gonna get New Jack
15:29
Speaker 7: City and above the rim in the show? I mean,
15:32
Speaker 7: shout out to all the Ripple and XRP enthusiastic they
15:37
Speaker 7: are here. Burry dumbs all of his stocks except for one.
15:41
Speaker 7: What should that tell us about what's coming in the market.
15:44
Speaker 7: So for historical reference, if you don't know who Michael
15:46
Speaker 7: Berry is, if you haven't watched the movie The.
15:48
Speaker 2: Big Short, You should very very time.
15:51
Speaker 5: He's the one that made billions of dollars shortening the
15:55
Speaker 5: market in two thousand and eight for the housing crash,
15:58
Speaker 5: So you know, he became legendary for that situation. And
16:02
Speaker 5: now obviously anytime that he speaks, people take it very
16:05
Speaker 5: seriously because of what happened in two thousand and eight.
16:08
Speaker 5: So he's he's, I guess predicting that a very very
16:12
Speaker 5: cold winter in stocks is coming. We've had a nice
16:16
Speaker 5: little rebound in the last week or two, but he's
16:21
Speaker 5: he's not feeling it.
16:22
Speaker 2: So what's the.
16:22
Speaker 7: Deal with So yeah, I'm gonna let you just I'm
16:24
Speaker 7: gonna I just want to like frame this up right. So,
16:28
Speaker 7: there was thirteen positions that Sion had. That's the group
16:30
Speaker 7: that his firm, Right, they had thirteen stocks that they
16:35
Speaker 7: invested in. Google was one of them. They sold that off.
16:38
Speaker 7: Meta was one they sold that off. The one that
16:41
Speaker 7: they did keep is called geo Groups.
16:44
Speaker 6: You ever heard of Geogroup?
16:47
Speaker 7: Geogroup is a Florida based company that invests and operates
16:51
Speaker 7: private prisons. So I bought over three million dollars three
16:56
Speaker 7: million dollarsand shares of the geogroup, and since then that
17:00
Speaker 7: stock is going up twelve percent, which is interesting out
17:03
Speaker 7: of everything to sell off.
17:04
Speaker 6: I mean, you had Fortune one hundred.
17:06
Speaker 7: Like Google, Alphabet, you had Alphabet, and you had Metal,
17:09
Speaker 7: which is another you know, top ten as far as
17:12
Speaker 7: market cap, but you let those go and you kept
17:14
Speaker 7: the company that invests in private prisons.
17:17
Speaker 6: And if you ever, I mean, we've talked about.
17:19
Speaker 7: This in detail about the impact that private prisons have
17:24
Speaker 7: on our communities for sure, and how you know they
17:27
Speaker 7: profit off of making prisoners.
17:30
Speaker 6: So that's interesting. I'll let you I'll let you go in,
17:33
Speaker 6: I'll finish it up.
17:34
Speaker 3: Yeah. The reason, well, let's address it the private prison thing.
17:38
Speaker 3: I'm anti investing in prison and I don't care how
17:40
Speaker 3: much money is involved. I will never invest in the sector.
17:44
Speaker 3: The reason why they did, though, is because it's an
17:47
Speaker 3: indication of who's going to be in office when election
17:49
Speaker 3: cycles turn over. So if you talk to anybody politically,
17:54
Speaker 3: they're pretty much telling you like, hey, these next three
17:57
Speaker 3: to four years, politically, Escape is going to change very
18:01
Speaker 3: aggressively and very fast. But the reason why he sold
18:04
Speaker 3: off Meta he also had an Apple short that he got
18:08
Speaker 3: rid of. Now We're just in the middle. It's not
18:11
Speaker 3: an ideal time to initiate, and he buys. So if
18:13
Speaker 3: you're looking to put capital to use right now, things
18:17
Speaker 3: aren't low enough to buy, they're not high enough to short.
18:20
Speaker 3: So we kind of just riding in the middle. But
18:23
Speaker 3: since crime is going up, we're going to have to change. Politically,
18:26
Speaker 3: Hey just said, I don't see how Biden could win
18:28
Speaker 3: reelection unless the rock runs with him and the current
18:33
Speaker 3: VPCE sits down and we can talk about the Trump
18:38
Speaker 3: thing later with the FBI, but they are potentially propping
18:41
Speaker 3: him up for a run again. Things are going to
18:44
Speaker 3: change very fast. And that's what I'm saying now. If
18:46
Speaker 3: China collapses on top of that next year, which you know,
18:50
Speaker 3: I know something gonna back. I'm a conspiracy do this.
18:51
Speaker 3: But home sales are down twenty eight point six percent
18:55
Speaker 3: in China. Private investment homes are down twelve point three percent.
18:59
Speaker 3: So if home sales are down twenty eight percent, and
19:01
Speaker 3: I know everybody on Instagram, every realtor is telling the
19:04
Speaker 3: market is still going up. No, it's not. China is
19:07
Speaker 3: our parent, so if they have the flu, financially, we're
19:11
Speaker 3: going to get pneumonia next year or COVID twenty five, right,
19:15
Speaker 3: and things are going to be bad, and we're going
19:17
Speaker 3: to go through a period for maybe two or three
19:19
Speaker 3: years where it feels like ninety nine through two thousand
19:22
Speaker 3: and one, two thousand and two all over again, where
19:25
Speaker 3: we're just floating up and down and we're not having
19:27
Speaker 3: any breakout movement. Private equity is deploying capital a little slower.
19:32
Speaker 3: We're just not in a great economic environment. The great
19:36
Speaker 3: part is if you're an investor and you can wait
19:38
Speaker 3: this out. The number one advantage that we have is
19:41
Speaker 3: retail investors, is that we can hold longer the most institutions.
19:44
Speaker 3: That's for all the money is so we have fourteen
19:48
Speaker 3: years of quantitative easing, free flowing money. Now, the people
19:52
Speaker 3: that can actively invest and be patient and hold for
19:56
Speaker 3: long term are going to win. So when everybody was
19:58
Speaker 3: getting an easy option, trade train options are all not y'all,
20:04
Speaker 3: I'm talking easy penny stocks. I know there's a little
20:09
Speaker 3: war on campaign against me. Hey where are we now,
20:13
Speaker 3: Kathy have an issue? You can't cycle through all those
20:17
Speaker 3: stocks in all those trades. Now we're going to see
20:20
Speaker 3: who actually can invest. But it's going to be a
20:23
Speaker 3: game of long term. So please look at the big picture,
20:27
Speaker 3: the macroeconomic environment. I know it seems scary, but this
20:30
Speaker 3: is the time that you want. Everybody in twenty twenty
20:33
Speaker 3: was like, damn, I wish the market would come down.
20:35
Speaker 3: Here we are now you get an opportunity to build
20:38
Speaker 3: for the future, suffer and sacrifice for two or three
20:42
Speaker 3: years to be able to get your family in the
20:43
Speaker 3: position that you want to be.
20:44
Speaker 4: And if you're scared in this market to invest, either
20:47
Speaker 4: you have not listened.
20:48
Speaker 3: To me or you have not done your research that' said.
20:53
Speaker 3: And yes, listen to Michael Berry, because damn near everything
20:56
Speaker 3: he said and predicted is come true.
20:58
Speaker 5: So all right, let's talk about this China situation. Since
21:01
Speaker 5: you were from Shina a few times so far, to
21:03
Speaker 5: show you said China at the beginning, you said China
21:08
Speaker 5: will collapse. You want to put that into context. I'm
21:11
Speaker 5: gonna I'm gonna give you opportunity to put this into context.
21:14
Speaker 3: Mike, clip this up. China gonna fall, So I'm gonna
21:18
Speaker 3: do Look like all the spicies.
21:21
Speaker 6: What's the first domino is? It is the housing market?
21:24
Speaker 3: Yeah, it's the house of market because they're going through
21:27
Speaker 3: what we really went to through in two thousand and
21:29
Speaker 3: seven and two thousand and eight, like two things I
21:32
Speaker 3: told you guys last year. Now, if y'all don't listen,
21:34
Speaker 3: that don't have nothing to do with me. Baby. Ever,
21:37
Speaker 3: grand number one, Now if the following four, two through
21:40
Speaker 3: five fall apart. And now if you saw a couple
21:44
Speaker 3: of weeks ago they had military trucks in front of
21:47
Speaker 3: the bank saying you can't take your money out of
21:50
Speaker 3: our bank because that is considered an investment of ours.
21:54
Speaker 4: What is that call for those of you who work
21:55
Speaker 4: in the financial industry.
21:58
Speaker 3: So now if you can't withdraw, and the real estate
22:02
Speaker 3: market is soft to say the least. And then you
22:05
Speaker 3: got soft Bank who was throwing money around like they
22:09
Speaker 3: would spend the money in Magic City into all these
22:11
Speaker 3: startups and most of them didn't do well. What does
22:14
Speaker 3: that tell you they are just they went through a
22:17
Speaker 3: cycle of growth of grandeur how we went through in
22:21
Speaker 3: two thousand and seven to two thousand and eight, and
22:23
Speaker 3: now they're going to pay the price. And now because
22:25
Speaker 3: they own a lot of our debt and intellectual property,
22:29
Speaker 3: we are going to feel it as well. So I
22:33
Speaker 3: know people are not going to agree. My job is
22:36
Speaker 3: to not tell you what you want to hear. My
22:38
Speaker 3: job is to tell you the truth, and let's be
22:40
Speaker 3: very honest. Put yes in chat. If you've heard me
22:42
Speaker 3: say crazy stuff like this before before every hedge fund,
22:46
Speaker 3: before Buffett, and then three months later it's like, yeah,
22:48
Speaker 3: this is a lot of markets falling, you'll make a
22:51
Speaker 3: lot more. Just listen, be real, just listen to what
22:53
Speaker 3: I tell you. If not, if not, the people who
22:59
Speaker 3: say that I'm wrong, tell them to put some money
23:01
Speaker 3: in your pocket. If I made you money, let me
23:04
Speaker 3: get guess in chat. We're gonna end all debating. I
23:08
Speaker 3: know everybody wanted the bait show and y'all want to
23:10
Speaker 3: do a million dollars worth of Game Stock edition. No,
23:15
Speaker 3: it's a big show here, the.
23:17
Speaker 6: Big show, the biggest, the biggest. I clipped this up,
23:20
Speaker 6: the big show.
23:22
Speaker 2: Okay, hot take Ian.
23:25
Speaker 3: It's database ever grand is bigger.
23:30
Speaker 5: But when you when you say collapse, I mean, what
23:32
Speaker 5: do you actually mean? Coluse that's a very end This
23:35
Speaker 5: is something in this is This is China, bro, this
23:38
Speaker 5: is the this is the world's strongest economy in the
23:40
Speaker 5: next ten years. This is gonna be This isn't this
23:42
Speaker 5: isn't just the regular country.
23:44
Speaker 2: This is China.
23:45
Speaker 3: Mathematically, if a country or any entity, like, at what
23:50
Speaker 3: point how much risk and how much leverage can you
23:53
Speaker 3: use before it has negative ramifications on your GDP or
23:59
Speaker 3: on your business. There's no business that is too big
24:02
Speaker 3: to fail, no country. We see it with our country
24:06
Speaker 3: right now. America is a America's Hulk Hogan right now
24:13
Speaker 3: last night, Rick Flair, who bet you boy? Was that
24:17
Speaker 3: in the eighties? Not right now? Hanging on by a threat.
24:21
Speaker 3: If we took Apple away, Microsoft, Google, Man, we'll be
24:26
Speaker 3: third world country. It's scary, but third third world country.
24:33
Speaker 3: Take Apple, Microsoft, and Google out of our economy.
24:36
Speaker 6: That's top Like, that's top four in the world.
24:38
Speaker 3: Though, I mean, what is the GDP? Someone put it
24:42
Speaker 3: in chat. What's the market cap of Apple, Microsoft, and Google?
24:45
Speaker 3: Subtract that from the GDP? What percentage of GDP to
24:49
Speaker 3: those three companies add to our economy? Is America better
24:53
Speaker 3: now than it was even twenty years ago?
24:58
Speaker 6: Those are all billion dollar companies.
25:00
Speaker 2: That's like saying.
25:00
Speaker 5: That's like saying, if you take Lebron James and and
25:05
Speaker 5: Kyrie Irvin and Steph Curry away from the NBA.
25:08
Speaker 2: I mean, if you take the best Yeah, of course,
25:10
Speaker 2: like but.
25:11
Speaker 3: But look at it like this. The rest of the
25:13
Speaker 3: S and P is Eric Snows, Eric snow cousins. I
25:20
Speaker 3: don't want an issue. I'll just say Eric, but like
25:24
Speaker 3: they're okay. Even when we get to talking about Bitcoin, Ethereum,
25:28
Speaker 3: algorand x RP, these are coins like these are There's
25:34
Speaker 3: been more innovation in the coin market in the last
25:37
Speaker 3: five years then there's been innovation in corporate America in
25:41
Speaker 3: the last fifty. Even Tessa without Elon Tesla is a
25:47
Speaker 3: cute fod. He's a driving force behind it. If if
25:55
Speaker 3: the talent ran Tessla, nobody would want a Tesla, yes
26:01
Speaker 3: or no, I don't everybody think these are hot takes.
26:08
Speaker 3: Ye listen and Josh should say the same ship and
26:11
Speaker 3: people will be like, oh my god, it was Jesus.
26:14
Speaker 3: So just like this ship is law.
26:18
Speaker 7: Fifty first law right here, the ramifications right, I mean,
26:25
Speaker 7: obviously too big to fail. So I'm thinking, like, obviously
26:28
Speaker 7: we saw what happened when when we had economic downturn,
26:30
Speaker 7: the government does whatever it takes. I'm assuming, I mean
26:33
Speaker 7: from China they would probably do the same. But I want,
26:37
Speaker 7: I know most people are wondering, like obviously their housing
26:41
Speaker 7: market How's it gonna affect ours directly?
26:43
Speaker 6: Their banking system? How's that gonna affect us here directly?
26:46
Speaker 6: Obviously we don't bank with chrying. It's not even something
26:48
Speaker 6: that that's that we do.
26:49
Speaker 7: So how will it affect I guess the average American
26:53
Speaker 7: if that does happen.
26:55
Speaker 3: If they have a pull back. And when I say crash,
26:58
Speaker 3: I mean I don't mean collapse, and then they're going
27:00
Speaker 3: to go like they're going to fall apart, like they'll
27:04
Speaker 3: economy be down for two or three years, and then
27:06
Speaker 3: they'll initiate like a bailout package as well, and then
27:10
Speaker 3: things will be fine. So I don't mean like they're
27:12
Speaker 3: going to collapse and then fucking fall into the oship.
27:16
Speaker 5: My graduates from my school being force back drop drop
27:22
Speaker 5: Mike drop back.
27:23
Speaker 8: Drop, an illegal alien from Guatemala charged with raping a
27:38
Speaker 8: child in Massachusetts. An MS thirteen gang member from Al
27:41
Speaker 8: Salvador accused of murdering a Texas man of Venezuelan charged
27:46
Speaker 8: with filming and selling child pornography in Michigan. These are
27:50
Speaker 8: just some of the heinous migrant criminals caught because of
27:54
Speaker 8: President Donald J. Trump's leadership. I'm Christine Noman the United
27:58
Speaker 8: States Secretary of Homeland Security. Under President Trump, attempted illegal
28:02
Speaker 8: border crossings are at the lowest levels ever recorded, and
28:06
Speaker 8: over one hundred thousand illegal aliens have been arrested. If
28:09
Speaker 8: you are here illegally, your next you will be fined
28:13
Speaker 8: nearly one thousand dollars a day, imprisoned, and deported. You
28:17
Speaker 8: will never return. But if you register using our CBP
28:21
Speaker 8: home app and leave now, you could be allowed to
28:24
Speaker 8: return legally. Do what's right, leave now. Under President Trump,
28:29
Speaker 8: America's laws, border and families will be protected.
28:32
Speaker 3: Sponsored by the United States Department of Homeland Security,