Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / UPDATE - $UFD - UNICORN FART DUST meme coin

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UPDATE - $UFD - UNICORN FART DUST meme coin · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:39
Hey guys, welcome to the live stream, welcome to the basement.
0:42
Is there a reason for some optimism, right, good feelings
0:47
and what is a sea of red across the markets, across the crypto
0:52
sector and across our good friend Unicorn fart does?
0:56
We're going to talk about the reasons why we very well may
0:59
have some things overall to be very, very optimistic about.
1:05
But first, my disclaimer, this is not financial advice.
1:08
Please, whatever you invest in, whatever it is, do it
1:11
responsibly. I talk about Unicorn Fart Dust
1:14
primarily during these live streams.
1:16
I also talk about silver and gold.
1:18
I'll talk about the stock market.
1:20
But whatever you do, please do it responsibly.
1:23
And remember, I'm not a professional financial advisor.
1:27
I'm just a guy in his basement in Saint Louis.
1:30
But what is going on out there in the markets and why do we at
1:34
Unicorn Fart Dust? Why do we write our little gym,
1:38
right? That was created different.
1:40
I want to remind you of something very, very pertinent
1:43
to our situation right now. Hold on.
1:46
I need to move my microphone a little bit closer so you can
1:49
hear me. Hey, what the heck?
1:51
Let's do a full microphone. Hopefully you guys can hear me
1:54
this morning. I think we're having some
1:56
technical problems. Can you hear me?
1:58
If you can. Oh, boy.
2:00
Let's see if Susie. Susie, are you there?
2:06
Can you hear me? I'm here.
2:09
OK, can you hear me? OK?
2:17
OK. Remember, you need to hold your
2:19
button when you talk. I know, dear.
2:20
I'm kind. Of I was doing.
2:24
Something OK, thank you. Thank you.
2:26
OK, we're good. Thank you.
2:28
All right, guys. So as we are in this challenging
2:31
time, something very critical for us to remember is Dusters.
2:37
Let's do a quick review. I wrote it down here.
2:39
Where is it? Here it is right here, OK, how
2:42
different we are from day one. We weren't created to to to
2:47
provide exit liquidity for a bunch of big investors, OK?
2:51
We didn't have venture capitalist, we didn't have
2:53
billionaires behind us. We had $100.
2:56
We had my basement. We had an experiment.
2:59
That's what we had. This has been a different
3:01
situation from day one. We also didn't have any big
3:05
celebrity endorsements, not yet anyway.
3:08
Not yet. Now, I'm not hinting at
3:10
anything, but I do believe there's absolute potential that
3:14
at some point in the future we could get a big celebrity
3:18
endorsement because we are so different.
3:21
And, and on top of that, what you've created is something very
3:25
good. Why wouldn't John Chena or Cena,
3:28
however you pronounce it, want to be involved?
3:30
Why wouldn't, who knows who I don't want?
3:33
And again, I'm not, I'm not insinuating anything.
3:36
I'm just looking at the facts of what you've created and
3:39
realizing that big people are attracted to what is going on
3:44
and what you've created here but are right now.
3:46
What are we in? Some people say, oh, we're in
3:47
the valley of death. It is dark out there.
3:51
It's dark in the general economy.
3:53
It's dark in the stock market. It's dark in the crypto world.
3:58
It's so dark. Maybe I should turn the darn
4:00
lights off here for a little bit, huh?
4:04
What do you think? I don't even know if that would
4:06
work. Hold on.
4:07
It's so dark. Oh yeah, look at that.
4:12
Hey, that looks pretty good. Maybe I'll leave it like that
4:14
for a little bit. It's so dark.
4:16
But is it actually an opportunity?
4:19
Can the lights come back on? Will the light do you believe
4:23
the lights will come back on? Cuz that's the general macro
4:26
environment in which we're in, which we're working right now.
4:30
All right, now, now let's take a look.
4:33
It's an optimistic news and we're going to take a look at
4:36
what's going on out there in the economy in general.
4:40
They could also be very good for the crypto sector, but we got
4:44
this news when it comes to crypto.
4:47
Here we go. The very hold on here, OK, here
4:51
we are. And right, OK, potential Bitcoin
4:55
price could fall to $65,000, but that's irrelevant since central
5:01
bank liquidity is coming. So the reason why we want to
5:05
keep an eye on this guys. And we've talked about this,
5:08
right when things get wonky in the economy, when the Fed fun
5:11
house, when the when the monetary policy that the Federal
5:14
Reserve and Jerome Powell are doing right now falls apart, all
5:18
they know to do, all they can do at this point is provide more
5:23
liquidity into the markets. Analysts say central banks will
5:27
expand liquidity in the near future, opening the door for
5:31
Bitcoin price to make a push toward new all time highs.
5:36
And when they talk about Bitcoin price, they're talking about
5:38
crypto in general. It'll rise.
5:41
All shifts, OK, all shifts. They're talking about the
5:44
Bitcoin price that's gone down, right?
5:47
And gold surged to a record high at the same time, undermining
5:50
bitcoins digital gold narrative. However, many experts argue that
5:55
a Bitcoin rally is imminent as multiple governments take steps
5:59
to avert an economic crisis. How do you feel about this whole
6:04
Bitcoin is digital gold? I know a lot of people in the
6:07
precious metal sector are adamantly against that.
6:10
I know that if you remember right, I was a gold and silver
6:14
maxi for years and years I was against that.
6:17
My stance on that has changed quite a bit.
6:20
I now see crypto as this worldwide, especially Bitcoin,
6:24
OK, especially Bitcoin and especially baby Bitcoin, which I
6:29
like to refer to as Unicorn fart dust, right?
6:32
Are UFD the pure decentralized cryptos, right, that haven't
6:38
been in what I think is kind of like this, this, this.
6:42
I don't know what happened over the last years where big, big,
6:45
big money got involved. And I think kind of, I'll just
6:49
say it kind of polluted a lot of the crypto sector that the pure
6:53
crypto plays the bitcoins, the Unicorn fart does.
6:56
And there's other ones out there as well.
6:58
But in my opinion, we're a lot more like Bitcoin than most any
7:02
other crypto currencies. Just my opinion, not giving
7:05
financial advice, but but, but that when I look at Bitcoin, I
7:09
do see it now as a form of digital gold.
7:12
I see it as digital gold, right? Gold is physical gold.
7:16
In my opinion, Bitcoin is a lot like digital gold.
7:19
And what's so cool about it and they're so similar is that both
7:23
are money kind of universally throughout the world, right?
7:28
And Bitcoin has this advantage that it's purely digital.
7:31
So it can be, you know, carried or brought anywhere anyone with
7:35
a phone can access it. Gold has the advantage that it's
7:39
got 5000 years of history. Anyway, I digress.
7:41
This didn't I didn't mean for this to turn into a comparison
7:44
of gold and Bitcoin. But the point here is that is
7:48
that what? What while while gold and
7:51
Bitcoin are very similar, OK, they both exist outside of the
7:57
Fiat money system. I'm going to turn the lights
7:59
back on. Let's get optimistic.
8:01
What do you say? Dusters?
8:02
Where's it at? There we go.
8:07
The lights are back on now they both operate outside of the
8:12
paper money system. This right, the one that none of
8:15
that that that that us. I love my country.
8:18
I don't love paper money, OK? I love real money like the
8:23
founding fathers set out. So Bitcoin, crypto, Unicorn fart
8:28
dust. OK, gold and silver.
8:31
Here's a one ounce silver coin worth about $35 today.
8:36
Guys, I'm telling you, you've never owned a silver coin.
8:38
Give it a shot. It's this is the physical form
8:42
of crypto. They both exist outside of the
8:46
Fiat paper money system. They both allow universally,
8:50
right. Bitcoin is valuable everywhere.
8:54
Unicorn fart dust has its value everywhere in the world.
8:58
Silver and gold have their value everywhere in the world.
9:04
You know, all the paper money, all the but whatever, you know
9:07
that they aren't universally accepted and they're and they're
9:10
printed into oblivion. So it is a big deal, right, that
9:14
the central banks are going to have to liquidate.
9:17
They're going to add liquidity into the market.
9:19
They're going to print money. That's all they know how to do
9:23
period. OK, they they let me give you a
9:27
quick history lesson. When the tech bubble burst in
9:30
1999, some of you maybe weren't even around.
9:32
Like I remember it. I was there, actually worked in
9:35
the tech field back then. They printed money in 2007,
9:40
2008, instead of dealing with the real issues in the banking
9:43
system. Member the great financial
9:45
crisis, Right. They didn't deal with it.
9:48
Nobody went to jail, but one guy did.
9:50
But basically everybody got away with it. the Fed printed a bunch
9:54
of money and actually paid the bankers a bunch of bonuses.
9:57
All right, What happened during C19?
10:00
Oh, what do you think happened? Butter cups.
10:02
Oh, I forgot. I apologize.
10:05
Dusters, horns up. OK, that's me.
10:08
That's you. Unicorn fart dust.
10:10
Dusters horns up. OK, and smile.
10:14
Do the three second smile with me.
10:17
I'm going to do it here while I'm talking.
10:19
Right? But that's all these people know
10:20
how to do. Liquidate, create more.
10:23
What is this is supposed to have value?
10:26
Sure it does, right. To any of us who were born in
10:28
America, paper money seems valuable.
10:31
But they can print as much of it as they want.
10:34
They can just make it out of thin air.
10:36
Press a button. OK, you can't print.
10:39
I got to be careful with grandpa's clock.
10:41
I've been knocking it off you. You can't print more UFD.
10:45
That's one of the, you know, that's you understand is so
10:49
important because that gives its scarcity scarcity even on days
10:54
like what we've been through with UFD, where people right,
10:59
the price has been going down. Every day we get more and more
11:03
people who are diamond hooked are going to hold on to their
11:07
UFD And eventually because we can't make we can't make the jug
11:11
any bigger. OK, All right, Dusters, butter,
11:15
butter cups, dusters, diamond hooved dusters.
11:20
We can't make this jug any bigger.
11:22
And this jug is available all over the world.
11:26
That's a key thing. And as these paper Fiat systems
11:31
continue the whole thing, and I promise I'll stop on this note,
11:34
but the whole system, right, under the best of circumstances,
11:38
the Fed is shooting for 2% inflation per year.
11:43
That means they're shooting to steal 2% of the value of your
11:47
paper money per year by printing more and more and more money.
11:52
So anyway, what else is going on in the world of crypto and
11:56
Bitcoin? Here we got this news boom.
12:01
Michael Saylor and MicroStrategy bought another 22,000 Bitcoin
12:07
for $1.92 billion. Now, if we look at what else is
12:14
going on in the world right now, let's look at that.
12:17
Let's look at what's going on in the general markets because
12:19
guys, here's the situation, OK? The general markets, the general
12:25
stock markets, the general economy are in bad, bad trouble.
12:29
And that will be the reason why we want to pay attention to
12:32
that. We don't like it.
12:33
Two things that has a major impact on the crypto market,
12:37
which has a major impact on Unicorn fart dust.
12:40
OK. And that will be the catalyst
12:42
for this liquidation for the money printing, whatever you
12:46
want to call it that will make crypto in general make Bitcoin
12:51
go higher and I believe could, right.
12:54
Look, I'm not I don't have a crystal ball.
12:56
I'm just telling you my truth, but I think could ignite a rally
13:01
in the mean coins and our good friend Unicorn fart dust.
13:05
But let's go take a look at these general markets because it
13:08
is pretty much spooky at this point.
13:15
Here we go from Yahoo Finance this morning, Stock market
13:20
today, the Dow, the S&P 500 and the NASDAQ tumble as Liberation
13:27
Day worries trap investors. So investors are feeling
13:31
trapped. U.S. stocks tumbled Monday I in
13:34
a return to losses as trade war worries kept building in the run
13:39
up to President Trump's tariff bonanza later in the week.
13:42
Now there's something very interesting that's happening
13:46
today. We'll see how the day plays out,
13:47
but could have another major impact on the psychology of the
13:51
United States consumer and investor.
13:55
And that is right here. Markets are set to wrap up March
13:58
on a woeful note after a rough month and quarterly and quarter.
14:03
OK guys, here's what happens typically on Wall Street on the
14:07
last day of the quarter. Today's March 31st, the last day
14:11
of the first quarter of the year.
14:13
Traditionally the big financial companies, that's when they put
14:16
out, that's when Fidelity Investments and Vanguard and
14:20
Schwab, that's when they released in print their
14:23
quarterly statements for their for their customers.
14:26
So typically they always try, they call it paint the tape at
14:30
the end of the quarter to make things look as good as possible.
14:33
This quarter has been a disaster for many of the markets.
14:37
OK, so people in a couple of weeks we're going to get their
14:41
statements and be like, Oh my gosh, I thought I had 300,000.
14:46
I thought the stock market only went up.
14:48
I thought, you know, and people are going to freak out when they
14:52
get their quarterly statements because I don't know what's the
14:55
NASDAQ down. Let's go see if I can if I can
14:58
take get a look here and get an idea.
15:02
Hold on. We'll go back to the main Yahoo
15:04
Finance page and let's go to There we go.
15:14
Here's the markets, all right, there's the S&P.
15:17
Let's just look at the NASDAQ real quick, the tech because
15:19
that really has a pretty solid shoot.
15:23
I think I pressed crude oil, NASDAQ, try that again.
15:28
Let's see what pulls up here. That has a big and that's crude
15:31
oil. We didn't want crude oil, we
15:34
wanted the NASDAQ. And let's see if we've got the
15:38
NASDAQ. Here it comes.
15:39
Thank you for your patience, Dusters.
15:44
All right, so the Nasdaq's below 17,000.
15:46
Let's take a look and see what it's done in the last six
15:50
months, the last six months. OK, So it's gone from 20,000
15:57
down to 17,000. That's a 15%, almost perfect 15%
16:03
decrease. So that means somebody out there
16:06
who let's say had all here's a easy way to look at it, had
16:10
$20,000 in tech stocks or had $200,000 in tech stocks at the
16:17
beginning of the year, right? They had their end of the year
16:19
statement like woo Hoo, I've got 200K.
16:22
Hold on here. OK, They're going to get their
16:26
statement instead of 200 K, they're going to have, they're
16:29
going to see a -30,000 and they're going to see $170,000.
16:34
So, and this is all going to work, right?
16:37
This is I, I think it to a certain degree, it's all being
16:40
kind of planned out this painful period so that it sets the stage
16:45
for the Federal Reserve and for and for Trump to be able to to
16:49
liquidate the markets. All right, let's get back to
16:51
UFD. We got a contest Dusters, OK?
16:56
And Oh my gosh, we are not winning.
16:59
This one came from Yami and we're in the semifinals round
17:03
and I am not on the right page now.
17:05
I am. This one came from Yami and
17:09
we're on the semifinals round. It's US versus Sigma.
17:12
And at this point, let me refresh it here.
17:15
See if I can get this to refresh and see where we stand.
17:19
Let's go dusters. We have fun doing these.
17:21
We can still have some fun, right?
17:24
OK, we're not. It's close.
17:25
It's neck and neck. We're at 47%.
17:27
They've had about 453%. So get out there.
17:31
I think I retweeted it and let's have some fun.
17:33
Let's let's show, let's stop our hooves and show them what we can
17:37
do. I'm going to do the duster of
17:39
the day next. And today's duster of the day is
17:42
system error. System errors been around,
17:46
right, like you've been around and system error is a is a
17:50
dedicated UFD diamond hooved duster.
17:54
And we want to recognize them today for everything they're
17:57
doing to help our community. I mean, look at these.
18:00
I'm not selling. Aw, that's cute.
18:06
Yes, I am on the right page. Total UFD by UFD by UFD OK, and
18:12
let's go out and see what? Let's go out and see what our
18:16
friend system Error had a little note that they wanted me to
18:21
share with you guys. All right, He says.
18:23
I've been in crypto for about 7 years, dabbling in meme coins
18:27
since 2019 during the Defy summer days.
18:31
Been an early buyer in lots of meme coins that ran to high
18:35
valuations. I sold much too early nearly in
18:39
everyone though. Unfortunately.
18:41
I've been in Unicorn fart dust since before Christmas and I
18:44
know deep down in my heart this is the one to hold the cycle.
18:48
If you basement run can show up every day for the community, I
18:52
as a community member can do the same.
18:55
Each and everyone for you. This journey will be one all of
18:59
us reminisce on for the rest of our lives.
19:01
Long live Unicorn fart dust. Hey, there's system error again.
19:07
Let's get back here. Everybody join me if you could.
19:10
Hey, let's be dusters. Let's all get out there.
19:12
I'm going to post a, a, a a a post about system error here
19:17
when we're done, but let's all go out there and support system
19:20
error today. We are dusters.
19:22
That's what we do right? Even in the darkest of days, if
19:27
you're here right now, you're a duster.
19:30
We can support each other. That's the value that we
19:33
provide. We've got this unbelievable,
19:35
right flat organization where you can make a big difference, a
19:39
little difference you can make today, right?
19:41
Smile, go out, follow, follow our friend, OK?
19:47
I mean, it's a big, big deal that we can hold on here, that
19:52
we continue to do this on my back.
19:56
Wait a minute. There it is.
19:57
OK, there's system error. Now join me, right?
20:00
And let's all help install system errors, Golden Horn,
20:04
because system error, you are the duster of the day.
20:07
Boom, Congratulations. Let's go UFD, huh?
20:11
Let's get this going. Let's just talk about some more
20:13
worldwide news in terms of adoption of crypto.
20:18
And what we have here is news from France.
20:22
From Reuters this is happening all over the world guys.
20:25
French State Bank ABBPI France builds fund to buy crypto
20:31
currencies and it says right here in orange, France's and it
20:35
is not up there we go and it says right here in orange, which
20:39
you can now see. France's state owned investment
20:42
bank BPI France plans to spend up to €25 million on little
20:46
known crypto currencies in a bid to support France's crypto
20:50
businesses and said on Thursday and the bank had previously
20:54
spent €150 million in investment.
20:57
So this is major state owned and major banks around the world
21:04
continuing to adopt crypto, continuing to recognize that
21:09
crypto is real. Let's go over to Japan, another
21:12
article from our friends at Reuters Japan to give crypto
21:15
assets legal status as financial products.
21:18
That's from Nik, from Nikkei. Nikkei, and it says here in
21:23
yellow, Japan's financial Services Agency, the FSA, which
21:27
I think is their version of the SEC.
21:30
Our Security and Exchange Commission plans to revise the
21:33
financial Instruments in Exchange Act to give crypto
21:36
assets legal status as financial products, the Nikkei business
21:40
daily set on Sunday, without citing sources.
21:43
This was interesting, though. As part of the move, crypto
21:45
assets will be put under insider trading restrictions that
21:49
prohibit buying and selling based on disclosed information.
21:54
So what does that tell us? That tells us that just two
21:57
little news stories here, Japan and France, right, are making
22:02
moves in the crypto world. The world of crypto continues to
22:06
expand. Let's go out here and take a
22:09
look. This is interesting.
22:11
I found this one to be very fascinating.
22:13
This, this will, this will absolutely have an impact on the
22:21
world. Guys, look, from a, from a
22:23
macroeconomic perspective, there's nothing more scary to
22:28
the world's financial economic planners than what we are moving
22:33
into right now. Now, if you'd followed me a year
22:35
ago, which a lot of you had, some of you had for my silver
22:38
and gold channel, I sat down here and banged the table for
22:42
you that I believed we were heading into a stagflationary
22:47
environment. And maybe you've never heard the
22:49
word stagflation, but stagflation, and I'm going to
22:52
give you the reasons why, is probably the scariest and most
22:57
important economic concept that you need to understand.
23:01
Because the last time the United States went through a
23:04
stagflationary period, it was an unbelievable period of time for
23:10
alternative assets. When I say alternative assets,
23:14
now, what I refer to are things like cryptocurrency.
23:17
What alternative assets were back then were things like
23:21
silver and gold? Silver went up like more than 50
23:24
times in value during the 1970s during the stagflationary
23:29
period. I think gold went up.
23:31
I'm going to come back to this. Gold went up like 25 X during
23:35
that period. And now I believe, and we're
23:38
going to look at this article, but I believe that we're moving
23:41
into a stagflationary period. Again, something really
23:44
interesting that I heard during this last stagflationary period
23:48
of the 70s, like they compared the value of different things
23:53
and during the 70s and, and, and, and you can Fact Check me
23:56
on this, I'm not, I heard someone say this and I believe
24:00
it to be true, but during the 70's the stock market was pretty
24:03
much essentially flat, meaning the stock market didn't really
24:07
go up or go down. It was flat.
24:10
The value of a house doubled. OK, so if you own a home during
24:14
in the 70's, the value of her house essentially doubled
24:17
because there was the stagflation, the value of gold
24:20
went up like what I thought it was 17 times with this guy said
24:23
25 times or whatever it was. The the reality is that during
24:28
that stagflationary period, real assets like a house went up in
24:33
value, but real alternative assets, right?
24:36
Things that are used to to to to measure value outside of the
24:40
Fiat money system really exploded in value.
24:44
And guys, there's proof, right? I saw it coming like a year ago
24:49
again, right? Stagflation is hitting us.
24:52
And look at this article from Oxy OS because I think Oxy OS
24:56
hit the nail on the head in a very succinct way, probably
24:59
described it even better than I can.
25:01
The S word, and that's what I called it the S word.
25:05
So I'm not saying they ripped me off, but it's rippling through
25:07
Wall Street and Main Street, OK? This is very important to
25:12
understand, guys, the economic growth.
25:15
OK, so the economy has flatlined so far this year, but inflation
25:21
has picked up and consumers expect both to get worse in the
25:26
months ahead. OK, so they expect that the
25:30
economy is going to get worse and these are consumers.
25:34
Now, why is that important? Because the United States
25:37
economy is a consumer based economy.
25:40
All right, so the consumers are also saying that, you know, the
25:43
statistics show. And here's the other thing, the
25:46
statistics that the government puts out, nobody believes them.
25:50
OK, if you didn't know that, whether you're talking about
25:52
unemployed, employment numbers, inflation numbers, GDP numbers,
25:56
they're very, very much, let's just say a suspect and some
26:01
people might even claim manipulated.
26:03
But we're in a situation right now where the economy is
26:06
flatlined, OK, that's that's the stag write that down, stag
26:13
stagnant and stagflation. We have a stagnant economy, but
26:17
we have inflation picking up and we have the consumer thinking
26:22
that both and that's inflation, that's deflation.
26:24
So you have stag meant economy inflation at stagflation and the
26:30
consumer thinking that both are going to get worse.
26:32
Why does it matter in purple For the moment, it adds up to Wall
26:36
Street's least favorite S word stagflation, stagnant growth
26:41
mixed with elevated inflation. Now, the other kicker here,
26:45
guys, that and why this is really scary is because we have
26:49
not even begun to feel much effect from this massive tariff
26:54
program that President Donald Trump is going to institute upon
26:58
the world. And people are saying that that
26:59
could really throw inflation into a unbelievable area,
27:05
probably similar to what we experienced after C19 when they
27:08
printed all that money. OK, that pattern in pink, that
27:14
pattern most vividly seen in the 1970s like we talked about is
27:18
particularly painful because it means people experience pain
27:24
from both lack of job of a lack of job opportunities and higher
27:30
prices. So the economy stinks.
27:32
There's no good jobs. People aren't getting raises.
27:35
OK, businesses are struggling because of the stagnant economy,
27:39
but at the same time we're dealing with inflation.
27:43
This is not good guys it and pink.
27:45
It also leaves the Fed in other economic policy makers with less
27:50
ability to cushion the blow because a move that might
27:53
address one side of the problem could worsen the other.
27:57
I got to hand it to Oxios. I'm going to come back to this
28:00
guys, but let me visually show you what they're just described
28:04
to you. OK, this, this box is
28:09
stagflation. OK, See, it says do not open.
28:12
They do not want us to open this because inside this box, right,
28:17
he is in a box. Jerome Powell, that's the
28:19
Federal Reserve, That's what the Axios just said.
28:22
Because on this side, you have a recession or stagnant economy,
28:26
and on this side you have inflation.
28:29
OK. So if we have really high
28:30
inflation, what they have to do is raise interest rates.
28:34
But when they raise interest rates to fight inflation, they
28:38
get stuck on the other side of the box, OK?
28:41
Because that makes the recession or the S the stagnant makes that
28:45
even worse. And what do you do when you have
28:47
bad economic issues going on in the stagnant economy?
28:51
Well, you got to lower rates, OK.
28:53
But then when they lower rates, that's what happens, OK.
28:57
He that's Jerome Powell. We love you, Jerome, right?
29:01
And he is in a box. And at the end of the day, get
29:05
ready for this. And when they do this, guys OK,
29:09
Right. Uh oh, Hold on.
29:15
Sorry, Jerome. I like Jerome Powell.
29:18
He's very welcome here. There we go.
29:20
Put him back in his box. But it's a bad situation.
29:24
OK, Now let's back up and remember what has done well
29:28
during stagflationary periods in the past.
29:31
Alternative assets, right? If you believe that
29:36
cryptocurrency are the modern form of precious metals, right
29:41
are the digital form? If you think Bitcoin is digital
29:44
gold, think about this for a second.
29:46
Butter cups, dusters and diamond hooves.
29:49
I do. I generally believe that now I
29:52
know I had a transformation. I used to sit down here two
29:55
years ago and say bitcoins, Unicorn fart dust.
29:59
But now I see it differently. Let's look at what happened
30:02
during the 70s with gold and then compare that to what's
30:06
happening now, which is very similar to the 70s.
30:10
OK, I was born in the early 70s. I remember it clearly.
30:13
You can trust me. What would that mean for crypto?
30:17
What would that mean for digital gold?
30:20
That would mean that we could be in for a very, very, very
30:25
lucrative time for both. Right now, people that are die
30:29
hard precious metals people, I get it.
30:31
They're going to say, oh, Ron's crazy, Ron's gone off the deep
30:34
end, whatever. But there's other people out
30:36
there that recognize that both silver and gold and crypto have
30:40
value, right? And one of them is me.
30:43
I know there's a guy named Larry Leopard or Larry Leopard who I
30:46
followed for a long time. He was a pure silver and gold
30:49
guy. He went to Harvard, he's an MBA
30:51
from Harvard. Look him up.
30:53
I've always had the greatest of respect for him.
30:55
He also, right, he loves gold and silver, right?
30:58
I love gold and silver. I still love gold and silver, no
31:01
doubt about it. But he also loves Bitcoin, OK,
31:05
and loves crypto. Now I don't want to put words
31:07
into his mouth, but I know that's a fact.
31:09
Fact Check me on that one. So what we could be heading
31:12
into, and darn it, I sat down here a year and a half a year
31:16
ago and said this is heading towards stagflation.
31:19
It's good for it's good. All right, let's go back.
31:21
There's one more sentence I promised you I would read here.
31:26
OK, OK. In yellow.
31:29
The big picture, The take away from a slew of recent data is
31:33
that President Donald Trump inherited a shakier economy than
31:38
it seemed and is risking something worse with aggressive
31:43
policy moves. I got to print this out when I'm
31:45
done because this Axios, Axios, Axios, whatever, Axios baxios.
31:51
To me, that is one of the best segments of five sentences that
31:57
I've ever, ever seen. Here, let me pull it back up and
32:00
show you guys where you can go check this out.
32:02
Hats off to you, Axios, Axios. Axios looks like axios.com, and
32:08
there's the title, the S word. Just put an axios S word into
32:14
Twitter and I imagine you're going to get that to pull up.
32:17
That's what we're heading into, guys.
32:19
That's what I see happening. Look, I also want to make a
32:23
public announcement. I told you that I would always
32:25
be transparent 100% with anything that I do that would
32:30
affect Unicorn fart dust. UFDI made that promise to you
32:34
from the very beginning. I just want to let you know that
32:36
I am planning. I don't know if it'll be it'll,
32:40
it'll be within the next I'm. I can say confidently 48 hours,
32:44
but it's with Susie's advice and we'll check with her here.
32:48
I am planning on buying some more Unicorn fart dust buying
32:53
Unicorn fart dust beans don't base any financial decisions.
32:57
You may or may not make upon what I'm doing, but I promised
33:00
you guys that before I ever did anything that would have any
33:04
impact on Unicorn Fart Test that I would let you know.
33:06
So sometime here in the next 48 hours, I will be making a
33:10
purchase of Unicorn Fart Test. It already is our biggest single
33:14
holding. Again, that's just my position.
33:17
Don't make any be responsible. Don't make any big decisions
33:21
based on what I'm saying, but I and Susie at her advice.
33:26
I'm going to buy some more beans.
33:27
But let's check with the boss upstairs, Susie and see if she's
33:32
OK with this. Suzanne, are you OK if I buy a
33:41
few more Unicorn fart dust beans to add to our diamond hooved
33:45
collection? Of course.
33:48
I've been asking you to do that for two.
33:52
Weeks now. OK, enough.
33:53
Thank you. I love you.
33:54
Over. Let's start saying over when
33:58
we're done talking to each other.
34:00
I think that might help. Over, over, over.
34:10
If you could only. OK.
34:14
She's locking the basement door. Yeah, but when did you unlock
34:17
it, sweetheart? Oh, if you could be a family on
34:20
the wall. What a wonderful woman, you
34:21
know? Hey, guys, before I forget, I
34:24
need your help. We need your help.
34:27
We need your help, OK, Our community, like if you want me
34:31
to keep doing duster of the day, which I'd like to do, please.
34:34
OK, we need to grow the list of dusters of the day.
34:38
It's OK to nominate yourself. All right, But upstairs Susie is
34:43
going to be kind of accumulating the list for us.
34:46
So send go on to Twitter, whatever.
34:49
Look up upstairs Susie. Her thing looks like like this,
34:52
whatever that's called her profile picture that's her and
34:55
her Adirondack chair. OK and send her Adm with either
35:00
somebody you nominate or if you want to be at yourself, it's OK,
35:04
right. Tell us about yourself and then
35:07
I'll send you Adm. You can send me a paragraph, but
35:09
please, I need your help with that.
35:11
All right, because it's we're kind of we kind of ran out.
35:14
We had it on Discord, but it's now the list is kind of run dry.
35:17
And then we didn't keep asking. So I apologize for that, but I'd
35:21
like to recognize the duster wouldn't don't you guys, Or
35:23
maybe you don't like Duster of the day.
35:25
If you don't like Duster of the day, maybe I'll do a poll.
35:28
I'll do a poll when I'm done here.
35:29
Should I continue doing Duster of the day?
35:32
This is your community. This is your deal.
35:34
OK, Butter cups, dusters and diamond hooves.
35:38
You know what a buttercup is. And we had some other new words.
35:41
What was it? Unit conviction, right, Uni
35:45
conviction, those of us, we have uni conviction, but but right,
35:50
and we may have a uni convention at some point where we all get
35:55
together. All right guys, lots going on.
35:58
Let's look at the funny of the day.
36:00
This is according to our friend Susie name.
36:04
I sent. You OK?
36:09
You didn't say over when you stop talking over.
36:14
Did you say that mean I sent? You I was going to do it right
36:20
now over. I love you over OK guys, let's
36:27
look at something funny. Susie said this she thought this
36:29
was funny. So if you don't think it's
36:31
funny, go complained upstairs. Susie, good luck with that.
36:35
Here we go. Is this it?
36:39
Yep. All right.
36:40
Make sure I got you guys on the right screen, Which I do.
36:43
OK. Here we go.
36:45
Susie always makes me laugh. I tell you, there's nothing as
36:47
fun as when Susie's in a good mood.
36:50
The other. I'll be OK.
36:51
Here we go. Boom.
36:57
Hold on. This is me as Susie thought this
37:01
was funny. If you actually saw my toenails,
37:03
you might understand, but this is me sharpening, sharpening my
37:07
diamond hubs. I've actually got one of those
37:11
tools. OK.
37:19
All right, thank you, Susie. That is just absolutely
37:22
hilarious. So, all right, let's go on to
37:25
the comments section. I want to know where everybody's
37:27
from. Unicorn fart dust dusters,
37:31
right? We are a family, but I forgot
37:33
about the whole the most important thing against stalads.
37:37
Born in FUD Born in FUD. We were born in FUD against
37:41
stalads. We switched it.
37:43
We flipped it up. OK, We flipped the the FUDFUD,
37:51
we flipped EU and the F to make it UFD.
37:55
It's a big deal. We face stiff resistance.
37:58
We fought, OK, we fought and fought and fought.
38:00
You guys have developed this community where we belong,
38:05
right? When and where we fight and
38:07
we've gone against so many things together, right?
38:10
The community still, still in the stiffest, the overall
38:15
economy, the general markets, the the, the crypto market
38:19
carnage. I mean, people say, I mean some
38:22
pretty crazy things about the general crypto market.
38:25
We are here, we are fighting. And guys, remember how unique
38:29
this is. We didn't have $10 million, we
38:32
didn't have $20 million, we had $100.
38:40
OK, thank. Thank you over.
38:45
All right. Yep, I was going to go.
38:46
That's what I want to do. I'm going to go to the comments.
38:48
OK, let me see here. Jake from Jake's custom parts,
38:51
my friend, where is he? See if I can pull this up.
38:55
So darn it, I don't know. Oh, here.
38:58
Wait a minute. There it is.
38:59
Hey, Jake, good to see you. I want to say thank you.
39:02
Look, this guy Jake from Jake's Custom Parts, he's been here,
39:06
he's been on the basement. He's been with me for years and
39:09
years. And he's a great guy.
39:11
He's somebody who's a wonderful, wonderful person, shows up every
39:15
day, a friend of many, highly respected in both.
39:19
Now I know Jake got into crypto as well, but in the gold and
39:23
silver community and also in the crypto world.
39:26
Jake, thank you and let's pull this up and then I got I want to
39:32
go back to the comments Jake nominates Susie is duster of the
39:35
day. So yeah, so funny story.
39:37
Thanks Jake. Next time you come to the
39:41
basement, we're going to lock you down here as well.
39:44
So funny, quick, funny story and then I'm going to get to the
39:46
comments guys. But the last night I was telling
39:49
Susie, I'm like, hey, maybe you can help me with Duster of the
39:52
day. All I need you to do is keep a
39:53
list, send a message to Susie. I said, can you help me?
39:57
How did I say it? She thought I was asking her if
40:00
she wanted to be duster of the day.
40:02
And then I realized we were confused.
40:03
But you know what, you know what, you know what guys, I want
40:06
to, we're going to have a special Duster of the day
40:09
tomorrow here in the basement. You'll just have to tune in to
40:12
see who it is. I wonder, I wonder if you can
40:16
figure it out. Here's what I want to do, guys.
40:18
Look, look, we're a family, all right?
40:20
Let me thank you, Jake, for the Super chat, OK.
40:25
Hey, next, I want everybody in the comments to say where you
40:30
are joining us from so we can feel right.
40:33
Look, it's me down here in the base, I think.
40:35
Wednesday might be a better idea, if you know what I'm
40:38
saying. Hold on.
40:41
OK, Susie's very active this morning.
40:44
OK, sweetheart, you know what? Now that you said that, that's a
40:47
good idea. So I'll tell everyone to please
40:49
tune in Wednesday of next week or Wednesday of this week for a
40:53
special duster of the day over. Oh, that walkie talkie's driving
40:59
me crazy. Where was I?
41:01
OK, so Wednesday we'll have a special duster of the day.
41:04
Please tune in. And Susie's birthday is coming
41:07
up. If you guys want to wish her a
41:09
happy birthday, go on to her thing.
41:11
What's that called? Twitter profile right upstairs.
41:14
Susie, let's get her some followers.
41:16
And she's always working for UFD bull posting, you know, trying
41:20
to get this keep keep us together.
41:22
But guys, here's what I want to do.
41:24
I want to know where you're joining.
41:25
I'm down here in my basement in Saint Louis.
41:27
I'm all by myself. My wife has locked me in the
41:30
basement. OK, I'm down here with my
41:32
Unicorn fart dust. She's not letting me back up.
41:35
But what I want to hear, right is is in show is where we are
41:40
from in the world. So please.
41:42
And I'll try to read as many as I can.
41:44
If I miss you, don't take it personally, OK, But let's in the
41:47
comments. Colorado.
41:49
Tony Jackson, tell me where you're from, please.
41:53
OK, there's a way I can slow these down.
41:56
Eugene, OR. OK.
41:58
Wow. Awesome.
42:00
And that's LB Columbus, OH, cryptogen.
42:03
Awesome. Guys, this is Florida boy.
42:06
Hey, Lou from the zoo. Our friend.
42:10
Oh, boy. Here we go.
42:10
Now they're moving California. There's a way I can slow these
42:15
down. Darn it.
42:16
I think I can do it here. Hold on here.
42:17
All right, now I got it. OK.
42:19
Florida boy. Lou from the zoo, California.
42:23
Darn it. I wish I could figure out how to
42:25
work this better and all right. And Papa North Georgia.
42:33
Thank you. John C and Simon UFD corral
42:36
Houston, TX Manitoba southern part Canada and cryptoholics is
42:44
hidden behind the bear. Our friend.
42:46
Wait a minute, wait a minute. I forgot to show his cup the
42:49
other day. Where did I put it?
42:50
Here it is Hey, talk about somebody Crypto holics.
42:54
Crypto holics, right? A great duster from day one
42:58
doing spaces all along. Thank you Crypto holics Seattle,
43:02
WA I'm behind the bear. You put a you put a listening
43:07
device in the bear. Washington, DC.
43:10
Wow. Washington, DC.
43:13
Happy birthday, Susie. Finland.
43:15
All right, Virginia, the Iowa Field of Dreams.
43:18
That's right. Crypto holics.
43:20
I let you say that. Thank you.
43:24
OK, Alberta, Ron and Susie. Thank you.
43:28
Montgomery, AL. Look at this, guys.
43:30
We be from everywhere. Come on, give me a few more in
43:34
the comments. Guys, we got 1300 people in the
43:36
basement on a Monday morning. Where are all you guys, huh?
43:40
Hold on. Let me go.
43:41
I have to look. Hold on a second.
43:43
I got to check and make sure nobody's behind the bear.
43:46
And yes, I'm wearing pants. Nope.
43:50
Nobody back there. All right, guys, we be from
43:56
everywhere. Seattle.
43:57
Hey, Haley. Good to see you, Haley.
44:00
Awesome. Haley, Haley.
44:03
Haley and and Beckham. I'm looking up.
44:06
Where is it? There it is.
44:07
Right over there. Here.
44:08
Hold on a second, guys. This is what we're all about.
44:11
If I can untape this, I'll be right back.
44:18
I'll be right. Back.
44:20
This nicest little boy in the whole wide world sent me this
44:24
picture of a cyber truck and said that he wanted to use his
44:28
beans to buy a cyber truck. You know, I mean, there's
44:32
certain things that touch me. All of you touch me.
44:36
I'm going to hang it right there here.
44:37
Maybe we should put it right here for now.
44:41
It kind of matches. I love the way he colored it.
44:44
Thank you, Haley. Good morning, Dusters.
44:47
Listening while I work. Lake Placid, NY, man.
44:50
Wow. You guys are everywhere.
44:52
Hey, Beck. Hello, Beck.
44:54
Good to see you, buddy. I appreciate you guys.
44:57
New York. Wow, everywhere.
45:00
Good morning, everyone. Montgomery.
45:01
I mean, look, there's just an example.
45:03
Georgia, Detroit, DJ Litmus. DJ Litmus.
45:07
I know he's been in my basement. If you guys don't know, Friday
45:10
nights, DJ Litmus. I mean, it's a lot of work.
45:14
This guy's doing these dance parties.
45:16
He's got like, he's in my basement.
45:18
He's everywhere. He's on the moon.
45:20
He's everywhere. Michigan.
45:23
DJ Litmus. Wow.
45:25
Salt Lake. All right, Michigan, a lot of
45:28
people in Michigan. Salt Lake.
45:30
All right, guys, thank you. OK, you know what I know, right?
45:36
Life is full of ups and downs. Life is full of all kinds of
45:40
opportunities, challenges. But the one thing we know,
45:43
right, we got this. I just appreciate everybody
45:47
coming in. What a what a create, what a
45:49
wonderful world we live in right now where on a Monday morning we
45:53
can get together, we can smile, right?
45:56
Our three second smile with each other and remind ourselves that
46:00
that there are good things in the world, right?
46:03
Good communities, good people and, and let's keep it up.
46:07
Let's keep doing our best. Like I said, I am going to be
46:10
buying some beans in the next 48 hours.
46:12
Mars. Oh no, somebody always has to
46:16
say they're from Mars or the moon.
46:18
You're all everybody's welcome here, even Martians.
46:21
But let's keep it up. Let's do some good.
46:23
Be good to ourselves. You know that.
46:26
That's what it takes. Grit, discipline, determination.
46:29
Have a great day. All right.
46:31
Today. That's what Susie always reminds
46:33
me. She'd tell me this morning.
46:35
Just think about today. I'm a warrior, OK?
46:37
I just got to be honest with you guys.
46:38
I'm a I've always been a warrior.
46:40
Somebody who who who always is thinking and worrying about
46:44
things. And she reminded me.
46:45
And I'll remind you from Susie, just look at the next 24 hours,
46:49
look at the day, do a couple extra little things.
46:52
It adds up. So thank you.
46:54
OK, Thanks for being my friend. Thanks for being Dusters and I
46:58
will see you soon. Have a great.