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Study Hall: WHAT'S NEXT FOR CRYPTO? · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: Let's talk about a little crypto, shall we Yeah? So
• 1:03
  Speaker 3: stable coin us DC breaks dollar PEG after firm reveals
• 1:08
  Speaker 3: it has three point three billion million dollars in sv
• 1:12
  Speaker 3: B exposure.
• 1:13
  Speaker 4: Three point three billion.
• 1:14
  Speaker 3: Stable coin is one of these. So stable coin is
• 1:18
  Speaker 3: extremely important because that's the stable coin. Right. So the
• 1:21
  Speaker 3: thing with crypto is that crypto currency, the word currency
• 1:25
  Speaker 3: is a little misleading because most people aren't using it
• 1:28
  Speaker 3: as currency. Currency can't really fluctuate like that you're.
• 1:31
  Speaker 5: Paying an over shot because they always savy bashing crypto.
• 1:34
  Speaker 5: Well you're like a fifty millimeters or something.
• 1:37
  Speaker 3: Oh I do I do want to about to put
• 1:39
  Speaker 3: the Z on them. I do want to talk all
• 1:41
  Speaker 3: crypto too, because you and me and ab actually had
• 1:44
  Speaker 3: an enlightened conversation with Chris Lions, you know Chris Lions. Yeah,
• 1:47
  Speaker 3: so I'll talk about that actually. But all right, so
• 1:49
  Speaker 3: stable coin, right, this is important because let's say, like
• 1:53
  Speaker 3: if you're trying to use bitcoin as a currency, we
• 1:55
  Speaker 3: know how vild to bitcoin is, right, So it's hard
• 1:58
  Speaker 3: for me to use any type of currency and say, Okay,
• 2:01
  Speaker 3: I'm going to get my hair cut, and my haircut
• 2:03
  Speaker 3: costs forty dollars today, next week is going to cost
• 2:06
  Speaker 3: sixty dollars because the price of the currency fluctuated or
• 2:09
  Speaker 3: is going to cost twenty dollars next week, Like you can't.
• 2:12
  Speaker 3: It got to be stable, like the dollars. The dollar
• 2:14
  Speaker 3: it changes over the cost of time, but it doesn't
• 2:15
  Speaker 3: change that drastically where it's just like, oh, now the
• 2:18
  Speaker 3: dollar's worth twenty cents tomorrow. So the stable coin was
• 2:23
  Speaker 3: designed to be just that stable right where it doesn't
• 2:26
  Speaker 3: really change, stays the same. You have stability if you
• 2:30
  Speaker 3: want to get in and out of coins, if you
• 2:32
  Speaker 3: want to just park your money somewhere, if you want
• 2:34
  Speaker 3: to just have something that does not move but it's
• 2:37
  Speaker 3: still not centrally backed, the stable coin is your alternative. Now,
• 2:43
  Speaker 3: stable coins have had a lot of issues in stability,
• 2:47
  Speaker 3: and that has caused even more fear in the crypto market.
• 2:53
  Speaker 3: So this is something that's extremely important. Three point three
• 2:55
  Speaker 3: billion in the sv B exposure situation. So what this
• 3:00
  Speaker 3: tell us about stable coins and the whole crypto space
• 3:03
  Speaker 3: in general.
• 3:04
  Speaker 5: Trial Let you go first, before go on.
• 3:06
  Speaker 6: No, I mean, it's an interesting thing because I just
• 3:08
  Speaker 6: spoke about USDC like two weeks ago, and we had
• 3:12
  Speaker 6: the privilege of sitting down with some of the leadership
• 3:16
  Speaker 6: and maybe hopefully, you know, we can get them to
• 3:17
  Speaker 6: come on and talk about it. But we need you
• 3:20
  Speaker 6: now more than ever, right, And one of the things
• 3:22
  Speaker 6: that we spoke about was the education around the space,
• 3:25
  Speaker 6: and we talked about regulation, and this is one of
• 3:27
  Speaker 6: those coins quote unquote that was in that realm of
• 3:32
  Speaker 6: being relegated. And to see it, like you said, the
• 3:36
  Speaker 6: word stable is like supposed to be a standard, and
• 3:39
  Speaker 6: so to see that as the exposure and then to
• 3:41
  Speaker 6: watch a goun on in ninety cents, it's like, yeah,
• 3:45
  Speaker 6: the numbers don't lie, right.
• 3:47
  Speaker 4: So the word I'm going to use is it increases
• 3:50
  Speaker 4: the angst of people.
• 3:53
  Speaker 6: Who are trying to get into space and try to
• 3:56
  Speaker 6: have further education about it because they're watching these things
• 3:59
  Speaker 6: happen in real time. The negative, the negative, the negative,
• 4:01
  Speaker 6: the negative. And then it was like, oh wait, there's
• 4:03
  Speaker 6: a regulation. This might be a positive for the space,
• 4:05
  Speaker 6: and this could be something that can actually help elevate
• 4:08
  Speaker 6: the space to get more people into it.
• 4:10
  Speaker 4: Now we see this, it's like.
• 4:14
  Speaker 5: If I were Family Diamond right now, I'll be going
• 4:16
  Speaker 5: to the White House tonight and saying, Hey, we need
• 4:19
  Speaker 5: to protect the American people. Let's speed up this initiative
• 4:23
  Speaker 5: to put out our own stable coin and let it
• 4:25
  Speaker 5: be government backed. Part of this is a part of
• 4:28
  Speaker 5: the planned destruction of crypto, so that the government can't,
• 4:31
  Speaker 5: which I told.
• 4:32
  Speaker 4: Him, is well, it's it's that same thing, right.
• 4:34
  Speaker 6: It was like, Yo, let's destroy it to the point
• 4:37
  Speaker 6: where people have no trust and come in and become
• 4:39
  Speaker 6: the saviors of the space.
• 4:40
  Speaker 5: Because during every crisis there is room for a tyrant
• 4:43
  Speaker 5: or a new regime to come in to pitch safety.
• 4:48
  Speaker 5: The stable coin thing, it never made sense to me.
• 4:52
  Speaker 5: And I know for all of you that you know
• 4:54
  Speaker 5: are in the crypto community, is this not the time
• 4:56
  Speaker 5: for me to bash anything because all of us investors
• 4:59
  Speaker 5: need stick together. But even if something is stable and
• 5:05
  Speaker 5: it's staying flat at one percent of at one dollar,
• 5:08
  Speaker 5: if inflation goes up, aren't you negative technically? So if
• 5:12
  Speaker 5: you invested in twenty seventeen or twenty eighteen or twenty
• 5:15
  Speaker 5: nineteen and twenty twenty three, that's stable coin. The one
• 5:17
  Speaker 5: dollar is actually negative. There's no stability. You are either
• 5:22
  Speaker 5: growing or dying. There's no asset class. It just stays
• 5:26
  Speaker 5: flat across the board. It is impossible. It is a
• 5:29
  Speaker 5: mathematical improbability. Sounds good but in theory, and I ask everyone,
• 5:35
  Speaker 5: or do you have any money tied to a stable
• 5:37
  Speaker 5: coin right now? But who came up and funded the
• 5:41
  Speaker 5: stable coin initiative the venture capital community.
• 5:44
  Speaker 6: So originally it was for years it was tether and
• 5:48
  Speaker 6: she got untethered and it was like, all right, if
• 5:51
  Speaker 6: you know, just for in terms of how volatile the
• 5:53
  Speaker 6: space is. It was like, all right, put your money
• 5:55
  Speaker 6: here when you see these volatile times coming and it
• 5:58
  Speaker 6: should be flat.
• 5:59
  Speaker 4: You're not going to lose your mond. And then we
• 6:00
  Speaker 4: see Taylor, Yeah, come apart. You know what it is.
• 6:03
  Speaker 5: Stable Index funds to tech too.
• 6:06
  Speaker 3: Index.
• 6:06
  Speaker 5: No stress. I know you're tired of me saying it,
• 6:09
  Speaker 5: and it's working. Apple amazing, Microsoft amazing. If I've made
• 6:13
  Speaker 5: you money, please put yes and shut. I know my
• 6:15
  Speaker 5: takes are not always the most favorable, but the advice
• 6:19
  Speaker 5: is immaculate.
• 6:20
  Speaker 3: So another thing, so going to this Chris Lions situation
• 6:24
  Speaker 3: because Chris, I get some background on Chris Lions, is
• 6:27
  Speaker 3: so all these people that I'm telling you guys like
• 6:29
  Speaker 3: remember I said, Paul Judge, Richard Dennis, of course you
• 6:34
  Speaker 3: already know who Don Peebles is legend, and we've introduced
• 6:39
  Speaker 3: you to a variety of other different people. Ryan Glover
• 6:44
  Speaker 3: He's another like these. So these people that I'm telling
• 6:47
  Speaker 3: you about, right, you as an intelligent person. You should
• 6:51
  Speaker 3: be googling these people to find out who they are,
• 6:54
  Speaker 3: to see how you can add value to them, to
• 6:56
  Speaker 3: see how you can get next to them, some of
• 6:58
  Speaker 3: their thought processes that they've grossers of the worlders. These
• 7:01
  Speaker 3: are people that are not celebrities, that don't have a
• 7:04
  Speaker 3: million followers on social media. But these are the real
• 7:07
  Speaker 3: people that's really moving things out here. So and they're
• 7:10
  Speaker 3: all black, so that's important. When I'm just I'm not
• 7:14
  Speaker 3: just saying these people's names, I'm actually saying these names
• 7:16
  Speaker 3: to actually potentially help you, because if you don't know
• 7:19
  Speaker 3: who they are, you you don't even you just walk
• 7:22
  Speaker 3: right past them. Megan Meghan, yep, exactly, So all right,
• 7:26
  Speaker 3: Chris lines he's the guy that actually started the Cultural
• 7:30
  Speaker 3: Leadership Fund. So Meghan is the head of the Cultural
• 7:33
  Speaker 3: Leadership Fund with adrecon Harwis a sixteen Z Howis is
• 7:37
  Speaker 3: the largest one of the largest venture capital firms in
• 7:40
  Speaker 3: the world. Ben Horwitz, it's our guy casually, so so
• 7:47
  Speaker 3: Chris is a very interesting guy. But he is part
• 7:50
  Speaker 3: of a Dreson Horwitz and started the Culture Leadership Fund
• 7:55
  Speaker 3: even though he doesn't work on a coach. Leadership Fund anymore.
• 7:57
  Speaker 3: He actually started it. Now he's on the crypto side.
• 8:00
  Speaker 4: He's a prodigy.
• 8:01
  Speaker 3: Yeah, he's invested in clubhouse doing all all kinds of stuff.
• 8:05
  Speaker 6: So I'll let you finish suggest that he comes under
• 8:08
  Speaker 6: the tutelage of Ben Horowitz. Right, So they saw his potential,
• 8:12
  Speaker 6: they saw how inscitible his work, ethic was, his brilliance,
• 8:16
  Speaker 6: and they're like, look, we're going to help you, uh,
• 8:19
  Speaker 6: just become better at what you're doing. And outside of
• 8:21
  Speaker 6: what comes from that is the Culture Leadership Fund.
• 8:24
  Speaker 3: So all right, so that's who, that's who Chris Lions
• 8:26
  Speaker 3: is for. For background reference, So the other day in
• 8:30
  Speaker 3: l A me and a B we end up having
• 8:34
  Speaker 3: dinner with Chris Lions. Is very random occasion, and we said.
• 8:39
  Speaker 5: To you we all go where. We're gonna tell the location.
• 8:42
  Speaker 3: It was at, give our spot, spot, that spot we
• 8:48
  Speaker 3: frequent there. They're gonna be waiting with sALS.
• 8:51
  Speaker 4: I know they was coming in that.
• 8:52
  Speaker 3: Yeah, they're gonna be a with their trade and portfolios
• 8:56
  Speaker 3: to ask for tips. But all right, so we haven't
• 8:59
  Speaker 3: done it. Very random situation and we're just talking and
• 9:03
  Speaker 3: he's a very big crypto enthusiast, so I'm asking him.
• 9:07
  Speaker 3: I'm like, all right, just give me the real is
• 9:09
  Speaker 3: it over the gig up? Just be honest with me
• 9:13
  Speaker 3: the IRI and he was like, bro, like it didn't
• 9:16
  Speaker 3: even start yet, Like it didn't even start yet. And
• 9:18
  Speaker 3: he said something that was extremely insightful to me. He
• 9:20
  Speaker 3: was like, you know the problem that everybody's making right
• 9:22
  Speaker 3: now with crypto and web three and NFT.
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• 11:18
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 11:22
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 11:26
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 11:30
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 11:34
  Speaker 1: some of the heinous migrant criminals caught because of President
• 11:38
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 11:42
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 11:47
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 11:50
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 11:53
  Speaker 1: are here illegally, your next you will be fined nearly
• 11:57
  Speaker 1: one thousand dollars a day in prison and deported. You
• 12:01
  Speaker 1: will never return. But if you registered using our CBP
• 12:05
  Speaker 1: home app and leave now, you could be allowed to
• 12:08
  Speaker 1: return legally. Do what's right. Leave now. Under President Trump,
• 12:13
  Speaker 1: America's laws border and families will.
• 12:16
  Speaker 2: Be protected sponsored by the United States Department at Homeland Security.
• 12:18
  Speaker 3: It is that they're all looking at it individually, singular.
• 12:22
  Speaker 3: He's like, it's not going to work like that. He's like,
• 12:24
  Speaker 3: it's only going to work when it's embedded and they're
• 12:27
  Speaker 3: all working together, so you don't even realize that it's
• 12:29
  Speaker 3: actually working. An example that he gave was GPS, and
• 12:33
  Speaker 3: he was like, you know, when GPS was first created,
• 12:36
  Speaker 3: it was you know, a revolutionary technology, and it has
• 12:40
  Speaker 3: been beneficial for people just to use GPS on its own.
• 12:44
  Speaker 3: He's like, but the real application in GPS is the
• 12:47
  Speaker 3: things you don't even think about. He was like, Let's
• 12:49
  Speaker 3: take Uber, right, He's like, Uber runs off GPS. There's
• 12:53
  Speaker 3: no Uber without GPS. He's like, another application with Uber
• 12:57
  Speaker 3: is payment processing. He's like, no payment processing is on
• 13:00
  Speaker 3: their own. But how many things are integrated with payment
• 13:03
  Speaker 3: processing that you don't even realize. So if you look
• 13:05
  Speaker 3: at it like that Uber. So there's no Uber without GPS,
• 13:10
  Speaker 3: there's no Uber. And without payment processing, there's no Uber
• 13:13
  Speaker 3: without a smartphone. Right, There's no Uber without effective Wi Fi.
• 13:18
  Speaker 3: All of these things merge together and create a great
• 13:21
  Speaker 3: company like Uber. Right, So he was like, when the crypto,
• 13:26
  Speaker 3: the NFTs, the web three, the blockchain, all of that,
• 13:30
  Speaker 3: the i AI, all of that, at one point is
• 13:33
  Speaker 3: all going to merge. It's not going to be just
• 13:35
  Speaker 3: look at chat, GBT by itself, let's invest in bitcoin
• 13:38
  Speaker 3: by itself, let's buy a board eight by itself. All
• 13:41
  Speaker 3: of that is going to merge to the point where
• 13:43
  Speaker 3: it's going to be a very organized package. You're not
• 13:47
  Speaker 3: even going to fully realize it, and that's the real
• 13:50
  Speaker 3: evolution of this Web three technology. And so he said,
• 13:53
  Speaker 3: he's like, we're a long way away from that ten years.
• 13:56
  Speaker 3: He didn't give a set timeframe, but he said what
• 13:58
  Speaker 3: he said with some time wafe. But he was like,
• 14:00
  Speaker 3: so it's so. His theory was that this is still early.
• 14:04
  Speaker 3: People still haven't figured it out, corporations still haven't figured
• 14:07
  Speaker 3: it out. But when they do figure it out, cryptocurrency
• 14:10
  Speaker 3: is going to be at the center of that as
• 14:13
  Speaker 3: far as the finance part of it, and it's only
• 14:17
  Speaker 3: going to go up from there. He also said bitcoiny
• 14:20
  Speaker 3: theory leading the way. Obviously, that's the safest play in
• 14:25
  Speaker 3: the situation. He talked about a few others.
• 14:28
  Speaker 5: But your name one other names for the audience.
• 14:31
  Speaker 3: I forgot it. Damn, I forgot.
• 14:38
  Speaker 5: That's a good The beating is playing on fire. I
• 14:41
  Speaker 5: can't sing, Paul to play for the show. I gotta
• 14:46
  Speaker 5: fly back all money in editor, gotcha, gotcha old money
• 14:50
  Speaker 5: and no money.
• 14:52
  Speaker 3: But so, yeah, so I just think that, you know,
• 14:55
  Speaker 3: that's an interesting take, and I think, you know it's
• 14:58
  Speaker 3: when he said it like that, I'm like, damn, I
• 15:00
  Speaker 3: really thought about it, especially the GPS thing. So we'll see,
• 15:04
  Speaker 3: we'll see. You know, right now crypto does not look
• 15:06
  Speaker 3: too promising for a variety of different reasons from people
• 15:09
  Speaker 3: the security issues, from from the fluctuation, the government to
• 15:16
  Speaker 3: a variety of different things. But we'll see.
• 15:20
  Speaker 4: It will take time to be woven into the fabric.
• 15:22
  Speaker 3: So you know what's so crazy? I used to live
• 15:24
  Speaker 3: in Hawaii, right and Hawaii?
• 15:28
  Speaker 4: Hold on, what's it? Go ahead for those that didn't know,
• 15:33
  Speaker 4: in Hawaii? And he played ball in Hawaii.
• 15:35
  Speaker 3: Yes, that's the fact.
• 15:36
  Speaker 4: Now I used to ship them CDs out there. But
• 15:37
  Speaker 4: that's another thing.
• 15:39
  Speaker 3: Continue, so beautiful islands. You know, it's a whole chain
• 15:43
  Speaker 3: of islands, right, and you know, obviously everybody knows Hawaii
• 15:47
  Speaker 3: waterfalls and rainforests and beaches and all of that stuff.
• 15:51
  Speaker 3: But I'm sure you know, but most people don't know
• 15:54
  Speaker 3: how Hawaii was actually formed. It was formed through a
• 15:58
  Speaker 3: volcanic explosion. Right, So the volcano explosion thousands millions, millions
• 16:04
  Speaker 3: of years ago, huge volcanic explosion erupted underground and all
• 16:10
  Speaker 3: of those there was all volcanic rock. So it's crazy
• 16:14
  Speaker 3: because the oldest island is all Green Kawhi. They called
• 16:20
  Speaker 3: the Green Island right, and that's because it's so over
• 16:23
  Speaker 3: the course of time, the volcanic rock turns into to
• 16:27
  Speaker 3: lush green. The youngest island is the Big Island, and
• 16:31
  Speaker 3: they still have large pits of volcanic rocks because the
• 16:35
  Speaker 3: time hasn't caught up yet. So the volcanic rock exploded,
• 16:39
  Speaker 3: it stood there. It took millions of years from the
• 16:44
  Speaker 3: time that it actually was just solid rock for the
• 16:47
  Speaker 3: rain to come in the water for it to turn
• 16:50
  Speaker 3: into vegetation into what we see now. So that is
• 16:53
  Speaker 3: an important lesson as far as the nature thing, because
• 16:57
  Speaker 3: the beginning of things usually are violent and dangerous and scary,
• 17:03
  Speaker 3: and that's like the beginning of starting something. Then it
• 17:06
  Speaker 3: takes a long.
• 17:07
  Speaker 5: Time, million years before we.
• 17:11
  Speaker 4: Cut that up. We got.
• 17:14
  Speaker 3: Yeah, but it takes it takes a long time for
• 17:19
  Speaker 3: it to be nurtured to see the final product. A
• 17:22
  Speaker 3: lot people just see Hawaii. They don't see the volcano,
• 17:25
  Speaker 3: they don't see the millions of years of rain, they
• 17:27
  Speaker 3: don't see the vegetation taking time to complete. They just
• 17:30
  Speaker 3: see the final product where you just go on vacation today.
• 17:33
  Speaker 3: So that's an analogy for just life in general, but
• 17:37
  Speaker 3: especially like any new space, any new space. It's gonna
• 17:41
  Speaker 3: be violent when it first starts, it's gonna be explosive,
• 17:43
  Speaker 3: it's gonna be all kinds of issues. You got to
• 17:46
  Speaker 3: be able to work through that. You're gonna have to
• 17:48
  Speaker 3: be able to have patience, and you're gonna have to
• 17:51
  Speaker 3: have foresight to see the rainbow that we put a
• 17:56
  Speaker 3: rainbow and looking at the rainbow goal, that's amazing, going
• 18:01
  Speaker 3: to cause two podic goal.
• 18:03
  Speaker 5: But what happened to NFTs going up to and now
• 18:06
  Speaker 5: I'm coming with the mob when I said it, okay,
• 18:10
  Speaker 5: so here's the lesson.
• 18:11
  Speaker 3: Number one.
• 18:12
  Speaker 5: You want to invest in every asset class for ten
• 18:14
  Speaker 5: to thirty years, right, I mean you want to buy
• 18:16
  Speaker 5: at the best prices. But when it was at sixty
• 18:19
  Speaker 5: thousand and everyone was saying it was going to one hundred,
• 18:21
  Speaker 5: I said it was twenty. They called me crazy Bitcoin
• 18:24
  Speaker 5: you're talking about Yes, we have three what NFTs? It's
• 18:30
  Speaker 5: going to be a ten to fifteen year cycle. Also,
• 18:33
  Speaker 5: go to Apple site and video site. When they start
• 18:36
  Speaker 5: hiring for more crypto jobs, that's when you'll see an explosion.
• 18:39
  Speaker 5: If you go to the job site, you can see
• 18:41
  Speaker 5: Apple when they were actively hiring for these positions. Two
• 18:44
  Speaker 5: years ago. They are not hiring as quickly for the
• 18:47
  Speaker 5: space anymore.
• 18:48
  Speaker 4: Those are one of those measures you're looking at.
• 18:50
  Speaker 5: Absolutely, I want to see what with Tim Cook and
• 18:53
  Speaker 5: the cartel is doing actively in space because they are
• 18:56
  Speaker 5: going to like the same thing with Uber. There would
• 18:58
  Speaker 5: be no Uber or payment processing that scale, GPS scale
• 19:03
  Speaker 5: without the app store.
• 19:04
  Speaker 6: Yeah, but I think one of the things we've learned,
• 19:06
  Speaker 6: and especially when we talked about it last week, is like,
• 19:09
  Speaker 6: by the time you hear about it, they've been working
• 19:11
  Speaker 6: on it for two years, you know what I'm saying.
• 19:13
  Speaker 6: So like the same thing that he's talking about is
• 19:16
  Speaker 6: happening right now, we're just not aware of it because
• 19:19
  Speaker 6: it's not ready to be presented to us, right, And
• 19:22
  Speaker 6: so yeah, the time frame is important, but technology expedites everything,
• 19:29
  Speaker 6: and so it's probably happened. It's just about how it's
• 19:31
  Speaker 6: going to be woven into the fabric of society and
• 19:36
  Speaker 6: who is going to be the order of it, right,
• 19:38
  Speaker 6: because it could.
• 19:39
  Speaker 4: Be a new company or could be a stabused probably
• 19:41
  Speaker 4: that we have that we trust.
• 19:43
  Speaker 6: I feel like it'll have to be somebody that we
• 19:45
  Speaker 6: already trust to present us in a way that could
• 19:48
  Speaker 6: be digestible for us.
• 19:49
  Speaker 5: But going back to your same volcanic analogy, when they
• 19:54
  Speaker 5: finally announced the recession, that's when the new crop of
• 19:57
  Speaker 5: money is going to be thrown into the market and
• 19:59
  Speaker 5: we're going to se like new creators, new companies, new
• 20:01
  Speaker 5: ideas that will allow those to flourish and turn into profitable.
• 20:05
  Speaker 4: What's what's the business that flourishes from this? Yeah?
• 20:08
  Speaker 6: Right, we saw two thousand and we spoke about companies.
• 20:10
  Speaker 6: Uber is one of those, Airbnb is another. Yeah, what's
• 20:12
  Speaker 6: the company that comes out of this?
• 20:14
  Speaker 5: Yeah. They have to announce the disaster first though, and
• 20:17
  Speaker 5: let the lava flow into the market so we can
• 20:20
  Speaker 5: have We're just gonna stay with this lout.
• 20:24
  Speaker 3: Let it burn. My graduates from my school being forced
• 20:30
  Speaker 3: back drop drop, Mike drop backdrop drop.
• 20:45
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 20:49
  Speaker 1: in Massachusetts. An MS thirteen gang member from l Salvador
• 20:53
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 20:57
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 21:01
  Speaker 1: some of the heinous migrant criminals caught because of President
• 21:05
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 21:09
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 21:14
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 21:17
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 21:21
  Speaker 1: are here illegally, your next you will be fine nearly
• 21:24
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 21:29
  Speaker 1: never return. But if you register using our CBP home
• 21:32
  Speaker 1: app and leave now, you could be allowed to return legally.
• 21:36
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 21:41
  Speaker 1: border and families.
• 21:42
  Speaker 2: Will be protected. Sponsored by the United States Department of
• 21:45
  Speaker 2: Homeland Security,