Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / Price + VALUE 🦄 - $UFD - UNICORN FART DUST meme coin
Transcript
- 0:38Hey guys, welcome to the live stream, welcome to Friday Duster
- 0:41Club. We got a lot to talk about
- 0:43today, a lot to talk about. And at the end of this video,
- 0:47I'm going to talk about the physical version of
- 0:50cryptocurrency that is silver. But we're going to talk about
- 0:54UFD first because guys, ultimately our price and our
- 0:58value is going to be determined by the unique qualities that we
- 1:03have as a community. And I was thinking about it last
- 1:07night, doing some reflecting about what's going on with
- 1:10Unicorn Fart Dust. I know the price of beans,
- 1:12right? There's a bean sale going on.
- 1:14And I thought, what makes us unique?
- 1:16I know that I can feel it, but can we put it into words?
- 1:21And I came up with three words that I think describe what we
- 1:24are doing as a community right now.
- 1:27Three simple words #1 good. We know good attracts good.
- 1:32We know that our community is based on a feeling of good
- 1:36acceptance, belonging, right, welcoming new people, fair.
- 1:41We know that we want a fair and level playing field, and we've
- 1:44had that from the very beginning.
- 1:46From the the experimental nature of how I started Unicorn Fart
- 1:50Dust to this completely decentralized, fair and level
- 1:55playing field for everyone, not just in the United States of
- 1:58America, but all over the world. When are we going to get our
- 2:01friends in India to join us? But we're good, we're fair.
- 2:05And the other thing that you are dusters, right?
- 2:08One thing we can say, then one thing we know, motivated, very,
- 2:13very motivated, willing to do the work, willing to have
- 2:17discipline, willing to have grit.
- 2:19And in the end, that's going to make a huge, huge difference.
- 2:22OK, I do want to take a second to recognize that there's a lot
- 2:26of people, including you, right, doing this, investing your time
- 2:31here in the basement. Welcome.
- 2:33I hope you feel at home here. Horns up.
- 2:35I forgot I said it in that little intro video.
- 2:38Let me know what you guys think about the little intro video
- 2:41that gives me time to get the other stream set up.
- 2:44All that good stuff. But horns up, horns up, horns
- 2:46up. Is your horn tingling?
- 2:49Are you believing in Unicorn fart dust?
- 2:52Right? There's a lot of people you
- 2:55right. We are connected right now
- 2:56digitally, which still blows me away.
- 2:59Right when I was 25 years old, the somebody told me I'd be in
- 3:03my basement connecting with people all over the world and
- 3:06say what? Do I have a ham radio or
- 3:09something like that? Really, really an unbelievable
- 3:13situation. But I do want to recognize there
- 3:16are some key people working behind the scenes.
- 3:18Somebody made a post about it yesterday and you know, like I'm
- 3:23kind of the the face and the visual.
- 3:25But guys, I'm just a fraction of what's going on.
- 3:28The work that's involved to make Unicorn fart does what it has
- 3:32been through today. So I wanted to to to recognize
- 3:35that. The other thing is, if you
- 3:37notice, I'm going to tell you something about yourself.
- 3:40If you're a duster, if you're a diamond hoove, you better be
- 3:44diamond hooved. Or if you're a buttercup, you
- 3:47know what a buttercup is, right? Somebody who hasn't bought their
- 3:50first beans yet. This community continues to
- 3:54demonstrate that it attracts top tier people, right?
- 3:59One after another. The list goes on and on.
- 4:02I mean like really high quality people with strong ethics,
- 4:06strong morals, hard working people.
- 4:10I talked to the guy Gimmicks last night who did the most
- 4:13recent NFT project and when I got off I talked to him for like
- 4:1615 or 20 minutes. When I was done, I thought what
- 4:20a good quality, just a super top tier person.
- 4:26So, and he's just one example of many, many of you.
- 4:30I mean, I could go on. You don't want to hear me list
- 4:32off your names and everybody else's.
- 4:34But the point here and the important thing to remember is
- 4:37that we are attracting top notch people to this community in the
- 4:43end, right? In the end, right, quantity is
- 4:46important and the quantity is there, but quality, quality will
- 4:51rule of the day and that's where we're heading.
- 4:54Let's talk about let's talk about we're still active in
- 4:59Times Square does that just that just blows me.
- 5:02If if you told me six months ago that we would have a meme coin
- 5:06that we created that would be in Times Square, I wouldn't have
- 5:09believed you. But I want to run out and take a
- 5:11look at some some of the most recent footage that I've been
- 5:14able to see and let's look at this first.
- 5:18This was actually a post from the Solana post Unicorn Fart
- 5:23dust takes over Times Square with a massive billboard.
- 5:29Look at that. OK, I believe that's Olive
- 5:32Garden right over there. But anyway, there's our massive
- 5:35billboard. It's like on a corner, so it's
- 5:37got two sides. And here is some video.
- 5:42Maybe not. Hold on, hold on here, let's go
- 5:45back. Having some slight technical
- 5:48problems. All right, there we go.
- 5:51I'm going to move this. Stay with me folks.
- 5:55And you should be seeing a video right now, which you're not now
- 6:01you are. And here's some live video of
- 6:06not live, but actual video somebody took of our of our in
- 6:11Times Square. Look at that thing.
- 6:13It's two sided. You can see there's the
- 6:14animation over there, and on the side we got this huge UFD pink
- 6:21with blue. So thank you so much to everyone
- 6:25who worked tirelessly on that, right?
- 6:27Think about it, guys. We've got a billboard in Times
- 6:30Square now. The next thing we're going to
- 6:32look at some. I discovered something and you
- 6:34proved me wrong on this, but I discovered a little piece of
- 6:37data about UFDI. Know the price of beans is down.
- 6:41It's not just us. The whole crypto market is
- 6:44having a difficult time right now.
- 6:46However, I discovered something when looking at our price chart
- 6:51that I think is unique to us. And I want to get your opinion
- 6:53on this, but I believe it to be a very, very optimistic sign
- 7:00regarding what is going on with UFD.
- 7:03So there we are. Let's refresh this point O3.
- 7:07All right, point O3448. Let's go, Dusters, let's go.
- 7:12But here's the piece of data that I want to point out to you.
- 7:15Let me get my markers out right here.
- 7:18This thing volume, OK, as a percentage of market cap, we are
- 7:25at about let's say 13%. That means over the last 24
- 7:30hours only 13% of our beans traded hands.
- 7:35So remember that, OK, because we're going to look at some
- 7:38other coins. Our volume as a percentage of
- 7:41our market cap over 24 hours was 13%.
- 7:45What that means is right out of let's say every hundred beans
- 7:50that are out there, only 13 of them were traded, about 10%,
- 7:54right? Think about our jug, right?
- 7:56A billion beans, only 100 million of them traded hands.
- 8:01Remember how we talked about filling the beans with diamond
- 8:04hooves? Now let's go look at some other
- 8:06coins because this is where I think it gets very interesting.
- 8:09I'm not casting shade on any other coins or anything like
- 8:13that, but I think this is very interesting.
- 8:18When we look at, hold on, we got the OK, all right, here we go.
- 8:24Let's look at, let's look at poise.
- 8:26Remember, poise, I don't know what is that a week or so old?
- 8:30All right, they're at .0058, but look at this.
- 8:34OK, look at this. And I won't circle all of them
- 8:37'cause we're going to look at a few more, but their volume as a
- 8:41percentage of market cap was 164%.
- 8:46That means for every 100 coins they have, they traded 160 of
- 8:52them. Right now, you might make an
- 8:54argument, well, the the volume on UFD is low, but I think the
- 8:58volume on UFD is low because people aren't parting with their
- 9:03beans. People aren't willing to part
- 9:06with their beans. Let's look at a few more of the
- 9:08big coins that are out there. Bart coin, right, which is kind
- 9:13of like an OG and I don't know if you've noticed this, but it
- 9:16seems like a lot of the the older coins.
- 9:19I lied. I am going to pull out my
- 9:21crayons again, All right? They traded almost 32%, probably
- 9:26almost 2 1/2, three times what we've traded, right?
- 9:30And everybody is in a down draft right now.
- 9:35One more, let's see, let's look at Trump.
- 9:37Where's Trump? There it is, official Trump,
- 9:40right? The big one, the big Trumpster
- 9:43coin. Let's see what it traded, 25%.
- 9:46Let me look and look at their chart.
- 9:48So my point here guys is that is that I think there's a way to
- 9:53look at this that tells us that when we're only trading 12 or
- 9:5713% of our outstanding coins over the last 24 hour period,
- 10:02while all the coins have been through like a very difficult
- 10:06time, that just like shocked me. And I thought, wow, we are
- 10:10different. You know, the other coin that I
- 10:12looked at was this SPX 6900 and that's a coin that's known to
- 10:17have like a very solid. That's one here.
- 10:21We'll look at it. OK, I'll look at it.
- 10:23That's. I think it gives us more proof
- 10:26that this is something that we can be.
- 10:29I don't think I can. There it is.
- 10:30It's up there already. OK, hold on.
- 10:37Theirs was about 6%. Ah, what the heck?
- 10:40We'll just. We'll get the crayons out one
- 10:43more time. About 6%.
- 10:44And that's considered. Well, I'm forgetting the guy's
- 10:47name. I want to call him Narwhal, but
- 10:49that's not it. Murad, that's one in your head
- 10:53that that's a coin that's known to have a super, super strong
- 10:57community as well. It's got the the support in your
- 11:00head. So I think the fact that we're
- 11:03in the same category guys is a very, very positive thing that
- 11:07we can't discount, right? It's not like our coin went down
- 11:11in like a billion beans traded hands, right, 100% like some of
- 11:16these coins or even fit 500 million.
- 11:18No, right when when we got this downdraft and only 13% of our
- 11:23coins are traded hands. I believe that to be a very
- 11:27solid long term signal to us that we don't have a lot of
- 11:31people that are wanting to get rid of their beans.
- 11:35Think about that. We're in the same caliber, the
- 11:37same group with with SPX 6900, which again is like the darling
- 11:42of your AD and gets all this massive support.
- 11:46We're only three months old. Think about what you're doing.
- 11:49It's a big thing. OK, Next up, let's go on.
- 11:51Let me take a look at what an unbelievable post.
- 11:56Wrong one, wrong one. There it is.
- 12:00This comes from our friend SAP. This got a lot of attention and
- 12:04rightfully so. I can't read the whole thing,
- 12:08but what he's basically talking about is I'll just read the
- 12:10beginning. UFD stands out not merely as a
- 12:14token, but as an innovative platform, a distinction that
- 12:19remains under explored and current disc course.
- 12:22And we've only been at this 3 1/2 months, guys, less than 3
- 12:251/2 months. In the study of tokenized
- 12:27communities, one critical factory emerges accessibility or
- 12:32the OR the ease with which new members can integrate and
- 12:35contribute. UFD excels here in ways others
- 12:39don't consider existing models, Facebook blah, blah, blah.
- 12:43UFD, however, pioneers a new paradigm.
- 12:46OK. It's a dynamic platform that
- 12:48unifies disparate individuals on an unpressed that in its scale.
- 12:53And isn't that absolutely true, right.
- 12:56I mean, think about it. You don't.
- 12:59You don't have to be a Democrat or a Republican, for instance,
- 13:03to be a duster. No, we've got Democrats and
- 13:06Republicans. People set that stuff aside.
- 13:09People set all types of stuff aside and come into UFD for the
- 13:14good and for the benefit, the value that our community adds to
- 13:17each other. All right, let's see what sets
- 13:21UFD apart is is that it's demonstration of XS potential
- 13:26and the evolution of tokenized communities as a wholly original
- 13:30construct. When I discuss cryptocurrency
- 13:33with others, I highlight bitcoins foundational
- 13:36uniqueness, but I also now emphasize UFD is POT is a
- 13:39pioneering platform. So guys, I would highly
- 13:43recommend go out and check out that post.
- 13:47Hold on, let me pull it up again.
- 13:48Check out this post by if there's a reason why I think it
- 13:52has like 4000 views. Yeah, almost 4000 views
- 13:57actually, probably 4000 by now. Right there.
- 14:00This guy Saff, and for those of you who don't know him, he's a
- 14:03super smart, super motivated a person.
- 14:07One of the bright lights, one of the many bright lights in our
- 14:10community, go out and read that because it really does show us
- 14:14that what we are doing NUFD is absolutely different.
- 14:21I mean, you know, we looked at how we compared the SPX.
- 14:25That's only the but we still, we, we stand apart as a
- 14:29community. This is a complete unique
- 14:32Unicorn situation and one that we're going to continue to
- 14:36foster, right? We are going to continue to
- 14:38foster. Diamonds are forged under great
- 14:41pressure. Do you feel like we're under
- 14:43pressure right now? Yes, we're under pressure.
- 14:46The whole crypto markets under pressure.
- 14:48The whole economy is under pressure.
- 14:51You know, things are evolving, things are moving quickly, but
- 14:54we are here for each other now. Doesn't that feel good?
- 14:57You know what time it is? You know what time it is?
- 15:00Dusters, it's time for the three second smile.
- 15:03Somebody, somebody made the mistake and said they appreciate
- 15:06it when I did the three second smile.
- 15:08That's when we all take a break and give ourselves a big smile
- 15:12for three seconds. OK, yeah, it feels corny, but it
- 15:18also feels good. You deserve it.
- 15:20But look in that mirror. Give yourself a smile.
- 15:23There was this big deal with Jelly.
- 15:24Jelly. I don't know if you saw that
- 15:26there was a massive short position here.
- 15:28I'll pull the article up quickly.
- 15:30I'm familiar with with how a lot of these things play out.
- 15:35This one was here we go. Here we are, hyper liquid faced
- 15:41a tough situation. Black works research.
- 15:44So basically I'm going to give you how I understand this played
- 15:48out. There was a massive short
- 15:49position in Jelly Jelly. I think it is Jelly, Jelly,
- 15:53Jelly belly. I don't know, Jelly, Jelly.
- 15:55Yeah, Jelly. And then it took a, it took a
- 16:00turn for the worst because the price went up and the company
- 16:04behind it, I guess it's hyper liquid.
- 16:07They had to kind of like come in and like basically cancel a lot
- 16:11of things out. I'll tell you what it reminded
- 16:14me of. It reminds me of what goes on
- 16:16sometimes in the physical commodity markets.
- 16:18And we are going to talk about silver, OK, is remember, silver
- 16:22is the physical, the physical version of cryptocurrency.
- 16:26And there's some craziness going on in the silver market right
- 16:29now. But it's time for the duster of
- 16:33the day. Let's go out here and
- 16:35congratulate. Uh oh, there we go.
- 16:40Flee. You can see that things are
- 16:43getting screwy on the tech side. Can you see me guys?
- 16:45Can you hear me? Hello.
- 16:47Hold on one second. Let me check with Susie
- 16:49upstairs. I think we're having some
- 16:51technical issues. Hold on, Susie, are you there
- 16:56over yes. I'm here, but I was refreshing,
- 17:01so I'm not. Sure, just give.
- 17:03Me a minute, I'll let you. Know OK, I'm just going to keep
- 17:06going. I thought we were having some
- 17:07technical problems Thank you Hope you feel refreshed.
- 17:14OK all right, let's go back here.
- 17:16We're just going to hold on here.
- 17:18I'm going to go to the comments 5 by 5.
- 17:20OK, Thank you, Lou from the zoo. Good to see you Charles Black
- 17:25Cryptoholics. Good morning, Susie.
- 17:28I should leave the comments up. You used to distract me a lot.
- 17:31Anyway, let's go out here and do duster of the day guys.
- 17:34Good to see you Cryptoholics. It's been a while.
- 17:37I meant to call you the other day, say hello.
- 17:40Cryptoholics does a daily, well, a regular, very regular coffee
- 17:45talks. I believe he's still doing it
- 17:47where they they discussed UFD, what's going on in crypto, all
- 17:51kinds of great stuff. Crypto Holics has been an
- 17:53awesome supporter of the channel.
- 17:56As a matter of fact, when I'm done doing duster of the day,
- 18:00I'm going to show you the coffee mug that he gave me.
- 18:02All right, Maximilian, Maximilian, you are the duster
- 18:06of the day and I want to read you guys what Maximilian sent
- 18:13us. Oh, shoot.
- 18:15All right, there we go. Hold on here.
- 18:20OK, there we are. All right.
- 18:23Maximilian wrote this to his fellow Dusters said Thank you
- 18:29Ron, Susie and the Unicorn Fart dust community.
- 18:34I am honored to have been Duster of the day.
- 18:37My name is Alejandro, living in Texas and have been buying UFD
- 18:42since almost day one. Well lucky you, I've watched
- 18:46your lives almost every day. The positive vibe and words you
- 18:49say help me see the good in my day.
- 18:51My daughters Alexa and Chloe have been asking me if I've
- 18:55gotten duster of the day yet. Well, guess what, Maximilian,
- 18:59now you can tell Alexa and Chloe that you got Duster of the day
- 19:03and I kept telling them no. And they always say don't worry,
- 19:06daddy, you will, and they're going to be thrilled.
- 19:09That's awesome. So, and by the way, guys, if you
- 19:12want to be Duster of the day or if you want to nominate somebody
- 19:15for Duster of the day, send an e-mail to info at Unicorn Fart
- 19:20Dust or send me Adm OK, you can nominate yourself.
- 19:24That's great. No worries.
- 19:26So all right, so as you may know, I'm a runner, and one of
- 19:30my dreams was to complete the Los Angeles Marathon, my
- 19:34hometown, on March 16th. I finally ran it.
- 19:38I wanted to have something positive with a lot of meaning
- 19:41with me and I decided to put our Unicorn fart dust logo on my
- 19:47shirt. The amount of support from the
- 19:49community was amazing. Happy to say we finished and I
- 19:52hit my goal time of five hours. A duster represented and ran a
- 19:57marathon. Hey, I think that's the first.
- 19:59Congratulations. This was a representation of our
- 20:02community. Stay positive, do good, keep
- 20:04pushing even in tough painful times and set goals.
- 20:09Thank you Ron, Susie and the UFD community.
- 20:12PS The wife and I are expecting a future duster soon.
- 20:16Keep him in. Keep him or her in your prayers.
- 20:20And here's some pictures of our friend Maximilian Alejandro
- 20:25going across. If you can see my cursor, there
- 20:29he is in the white shirt. And there's the little UFD logo
- 20:33is he went across the finish line.
- 20:34There he is, the Unicorn Peace, brother.
- 20:38And I think there's another picture.
- 20:40There's the shirt. Oh, wow, right.
- 20:44With the UFD logo on it. That is awesome.
- 20:47That is awesome. And there he goes across the
- 20:50finish line again. So our friend Maximilian
- 20:55Alejandro, everybody, there's his profile.
- 21:00Go out there, give him. He's got 2000 followers.
- 21:03Hey, give him a follow. Let's see if we can get him
- 21:05pumped up today. But you are the duster of the
- 21:08day. As a result of that, your fellow
- 21:10Dusters have decided to help install the Golden Horn.
- 21:14And there is your Golden Horn. Enjoy your day.
- 21:17You deserve it. Oh, and by the way, today's free
- 21:19WHOLE day Friday. No guys, what do you think of my
- 21:22nuts about what I, what I saw in the in that data earlier, we
- 21:26only over the last 24 hour traded 13% of our beans where
- 21:31these other coins right. Poise.
- 21:34And I'm not casting any shade on poise.
- 21:36And what's the other one? What's the other one?
- 21:38Let's go look at this other one real quickly routine.
- 21:41That was the big one last week. And I was like, everybody's
- 21:43like, you need to do a routine video.
- 21:45And I'm like these, there's all these things that pop up and I'm
- 21:48not putting anybody down, but all these coins, funny, funny
- 21:52coins, they pop up there. Somebody said in the comments,
- 21:55they're funny for a day and then they go away.
- 21:58You know, look, I know we've been with everyone else.
- 22:01We have been struggling, right? Or I must say we're struggling.
- 22:05Our bean price has been a very good value as of late.
- 22:10I don't feel like the community struggling.
- 22:13And that's the bottom line, right?
- 22:15And to me, that data that says over the last 24 hours, only 13%
- 22:20of our beans traded hands, right?
- 22:22Where's these other coins that are, I'm sorry, they're like
- 22:26they're, they're, they're, I mean, guys, look, we've been
- 22:28around over three months. We've got this unbelievable
- 22:31community doing unbelievable things.
- 22:33We are different. We are different.
- 22:36OK, I'm going to put a bean in the jug.
- 22:38I'm going to shake the jug here in a minute as well.
- 22:41But let's go take a look at bear with me.
- 22:46Here we are. What was the one I want?
- 22:48I just said the one I wanted to look at.
- 22:50Oh yeah, routine. Is that morning routine?
- 22:53I don't know. Let's see if I can find it.
- 22:54Morning routine. There it is.
- 23:02Morning routine. Oh, my gosh.
- 23:05OK, so here is an example. Think about this guys.
- 23:09This is another way they have traded 300% of their of their,
- 23:16the volume has been 300% of their market cap, OK.
- 23:20That means that for every 100 coins, they have 300 traded
- 23:25hands. Don't forget for us, for every
- 23:28100 coins, we have 1313 versus 300, OK, per 100.
- 23:36That's to me, that's a big, big difference to me.
- 23:41I didn't change the screen. No, I'm sorry.
- 23:43Thank you, Susie. You knew what would happen.
- 23:47Guys, I apologize. OK, there.
- 23:50Here's proof of what I just said. 300 percent, 300%.
- 23:55This is morning routine. Not cast in shade on anything or
- 23:59anybody. I'm just pointing out, right,
- 24:04that what appears to me to be that we've got a lot of diamond
- 24:07hoove dusters. Maybe I should fill this up to
- 24:1190%. All right, Maybe.
- 24:14Does that make sense? Oh, and by the way, we're going
- 24:16to put a bean in there. Today's free whole day, Friday.
- 24:19So we're going to put a bean in the jug for our friend Alexandro
- 24:23Alejandro, the duster of the day, Maximilian.
- 24:25OK. But this, this this is what
- 24:30makes the difference. This is what makes the
- 24:33difference. OK, sorry, I had to shake the
- 24:40beans. And while we're here, I'd like
- 24:43to say thank you to channel sponsor Moon Pay, right?
- 24:46This is not possible. I'm not down here hanging out
- 24:49with you guys on a Friday morning without the support of
- 24:52our great sponsors. Moon Pay was my on ramp in the
- 24:54crypto. Moon Pay is expanding.
- 24:57They've acquired other companies.
- 24:58They're really becoming like the backbone of the lot of the
- 25:01financial transactions in the crypto world.
- 25:05So please help support Moon Pay. You're doing a great job.
- 25:08See their logo. You guys are are putting at moon
- 25:12pay in a lot of your post Thank you, thank you.
- 25:14And of course our friends at Ledger, right?
- 25:17You know, they're a critical part of my story kind of came
- 25:20and helped me after the big hack taught me about cold storage,
- 25:24how important it is. Please do yourself a favor.
- 25:28Don't make the mistake that I made.
- 25:30Don't think about security after something happens.
- 25:34Think about security. Think about cold storage
- 25:37hardware bullets. OK, before something happens and
- 25:41I do have an affiliate link to Ledger in the description of
- 25:45this video and on the link tree, if you want to check that out
- 25:50for yourself. I also have an affiliate link
- 25:51for weeks. WEEX, you can trade UFD in the
- 25:55spot market and the future market within weeks.
- 25:59But look, I don't give financial advice.
- 26:00I forgot to say that earlier. I'm not a financial planner,
- 26:03don't make any financial decisions based on anything I'm
- 26:06saying today. But we do have a large
- 26:09investment in Unicorn part does. So our horns are aligned.
- 26:13OK. Let's talk about the economy and
- 26:15then let's talk about the physical version, the physical
- 26:20version of cryptocurrency. And I had a big moment of
- 26:25insight this morning in regard to crypto and how it relates to
- 26:29precious metals. I'm going to share that with
- 26:31you. But the first thing I want to
- 26:32warn you, this is what does it mean?
- 26:36It means something massive when we hear this report about the
- 26:41Federal Reserve, you know, the federal, where is it?
- 26:44The Federal Reserve, this guy, Jerome Powell, the toilet, the
- 26:49the, the dollar toilet paper printer guy.
- 26:52But there's a big, big, big scary situation going on that
- 26:57has to do with the US economy and the Federal Reserve.
- 27:01Let's go take a look because I'm going to tell you something
- 27:04right now. If I can find the.
- 27:07What did I do with the article? Oh, boy.
- 27:11Hold on, guys, hold on. Can you see me now?
- 27:13You're still seeing the chart. You get to watch me struggle for
- 27:16a moment as I. Oh, here it is.
- 27:20OK, sorry. I already have it.
- 27:22Let's pull this up. Let's go on a little field trip
- 27:26out to boom. OK.
- 27:32Yahoo Finance, where we learn this, we're not listening to
- 27:36her. the Fed has a new favorite word, uncertainty.
- 27:40I'm going to tell you why. This is actually massively scary
- 27:45for anyone in the United States. And it could reverberate
- 27:48throughout the world economy as well.
- 27:51It says there's suddenly a new word that appears again and
- 27:54again in remarks from the Fed Tops of Fed top, top officials
- 27:59uncertainty. It started last week with Fed
- 28:02Chair Jerome Powell, who used the word 22 times during the
- 28:06March 19th remarks to reporters following the central bank's
- 28:10decision to leave rates unchanged.
- 28:12Uncertainty is remarkably high, blah, blah, blah.
- 28:15His colleagues has since spoken from the same script.
- 28:17OK, enough of that. I'm going to tell you why that
- 28:20is very scary. I don't want to be the town
- 28:24crier telling you, Oh my gosh, the Sky's falling.
- 28:27We're we're doomed all anything like that.
- 28:30However, one thing you need to know about the Federal Reserve,
- 28:33the federal, the Reserve is always going to be overly
- 28:38optimistic about what is going on in the economy, what to
- 28:42expect. OK, you can go back to the great
- 28:44remember the great financial crisis in 2008?
- 28:47Like a month before the great financial crisis, Ben Bernanke
- 28:51was in front of Congress telling them everything was great.
- 28:55OK, before the the massive inflation that we had back in
- 28:58what was that, 2021, Janet Yellen and then these these Fed
- 29:06leaders were saying, oh, it's transitory, inflation's
- 29:10transitory, nothing to worry about.
- 29:12Everything's great. Nothing to see here.
- 29:14They always skew to the positive.
- 29:16So, so think about this. If they're now saying that we
- 29:20have a lot of uncertainty, I've never heard him say that.
- 29:24I've never heard the Fed actually admit that there's like
- 29:27massive amounts of uncertainty. Maybe they have, maybe I'm
- 29:30wrong, but I think that is a sign that we could be heading
- 29:35into some very, very challenging times ahead.
- 29:39OK. Does that explain why the gold
- 29:41price and the silver price have skyrocketed lately?
- 29:45You know, I want to touch on, I talk about this silver, right?
- 29:50Silver is the physical version of crypto.
- 29:54And guys, there's some craziness going on in the silver market
- 29:58right now. Let's go take a look at this
- 30:00first post which came from hold on here, here we go.
- 30:12A guy who's emerging as one of the leaders in the precious
- 30:16metal sector when it comes to analysis and that is Jesse
- 30:19Colombo. And Jesse says silver is
- 30:22breaking out. I repeat, silver is breaking
- 30:25out. This is not a drill.
- 30:27A close at this level or higher will officially kick off a bull
- 30:30market. Please retweet this.
- 30:33So if we look at this chart and guys look for those of you who
- 30:36don't know, I spent decades following silver and gold.
- 30:40I still follow silver and gold. Yes, I love Unicorn fart does
- 30:43yes, it is that my my 100% of attention, however, that what's
- 30:49happening in the silver market is very interesting.
- 30:53They're even talking about a short squeeze on Monday, but
- 30:56this area and we talked about this look, I'd beat the table
- 31:00for years saying that if we got out above this 333435 dollar
- 31:06level that it could be off to the races for silver.
- 31:10Now. Why is silver important?
- 31:12I'm going to tell you what I something that hit me this
- 31:14morning. I always said silver was the
- 31:17original cryptocurrency. Silver is the physical version
- 31:20of cryptocurrency. Silver was money before gold was
- 31:24money. But what hit me this morning is
- 31:27that silver, you know like gold. People read people like to
- 31:29compare gold to Bitcoin or Bitcoin to gold, whatever vice
- 31:33versa. This big store of value silver
- 31:37because silver is like the original one of the original
- 31:40forms of of of non Fiat money. But silver also has unbelievable
- 31:46industrial uses. I could go on forever teaching
- 31:49you about that. But silver is used in
- 31:51electronics. Silver is used in, in, in
- 31:54medical equipment. Silver's used in solar panels.
- 31:57Silver's used in, in, in, in batteries that are used in
- 32:01electric cars. Silver is like the green metal
- 32:04of the future. Silver's being consumed.
- 32:06There's less silver being produced every year than is
- 32:10being consumed. That means there's a deficit in
- 32:12silver. But what I really want to hit on
- 32:15what I really what hit me this morning about silver, that
- 32:18silver's like, and I'm probably going to say this wrong, but
- 32:21like one of those alt coins, what's the one XRP that
- 32:24everybody loves, right? It's a crypto, but it has a use
- 32:28case behind it. I would say that that's like
- 32:31silver, right? Silver's a form of money also,
- 32:36right? But it also has a big use case
- 32:38behind it. And that would be all these
- 32:41industrial uses, right? The final thing I want to touch
- 32:44on with silver right now is that we've got super whales.
- 32:49This was crazy. Wait till you see this, OK?
- 32:53Super whales are swimming among us.
- 32:55David Bateman bought almost 13 million ounces of silver, almost
- 33:01400 metric tons, directly from the Comex.
- 33:05This is around $438 million worth of silver at today's
- 33:09prices. David's part of the Silver
- 33:12Squeeze group. I'm not Roaring Kitty, but I
- 33:14bought, OK, blah, blah, blah, blah.
- 33:16So if you go hold on here, my last delivery, Google me.
- 33:21There's his silver that he bought.
- 33:23But there was something interesting in the comments.
- 33:26Look at all that. That's a lot of silver.
- 33:28Guys, This is this is shoot, where'd it go?
- 33:35OK, here we go, he says here this is Dave who is David
- 33:38Bateman. He said I'm not part of the of
- 33:40any silver squeeze group, just a fan of sound money and believe
- 33:44most assets will lose value compared to silver and gold over
- 33:47the next decade. Trying to protect my wealth.
- 33:50Wish I'd had your knowledge. I'm a tech entrepreneur with
- 33:54little knowledge of the precious metals market, but I've learned
- 33:57a lot from your content. So this guy that bought
- 34:00apparently $400 million worth of silver is a tech entrepreneur.
- 34:06I mean, it's pretty crazy. And guys, like I said, you know,
- 34:11the, the, the, the reasons why people buy crypto and the
- 34:15reasons why people buy precious metals.
- 34:17Trust me, I've been pretty heavily involved in both sides
- 34:21of the aisle with that. Are 99% the same?
- 34:25You know, I like to say it right.
- 34:28Silver is the physical version of crypto.
- 34:31Gold as well. OK, but but I've always been a
- 34:35big, big, big fan and I love gold, but I've always had a big
- 34:38focus on silver. So it's going to be interesting
- 34:41because there's this brewing potential for a silver short
- 34:45squeeze on Monday. We'll want to keep a close eye
- 34:48on it. I also believe that that the
- 34:50that the performance of the precious metals is going to lead
- 34:54the performance of crypto as we go through the rest of the year,
- 34:59that crypto's got some catching up to do.
- 35:02It'll be interesting to see how it all plays out.
- 35:05All right, guys, thanks for joining me.
- 35:06Thanks for being part of the basement.
- 35:08Let's go UFD. OK, All right, tonight we've got
- 35:11the big DJ litmus dance party. We got a lot going on, a lot to
- 35:15be excited about. You take care, OK, And I will
- 35:19see you.