Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **THIS IS BIG** $UFD Beans are Becoming SCARCE
Transcript
- 0:16We have some shocking data about the US economy and some very
- 0:20optimistic data about our very favorite Unicorn fart does
- 0:24cryptocurrency meme coin. We're going to start out talking
- 0:27about the economy, but first I want to say thank you for
- 0:30joining me down here in the basement.
- 0:31Please go check us out on YouTube.
- 0:34Make sure you hit that like button that gets the news out to
- 0:37more and more people. But let's start about some
- 0:40flabbergasting news that we got this morning about how great the
- 0:45US economy is. Let's go out to check out on the
- 0:49latest revisions to the jobs numbers.
- 0:51This comes from the Coin Bureau who tells us that the US
- 0:56government just quietly erased another 710,000 jobs.
- 1:03The government just revised job numbers down for the 13th
- 1:07consecutive month. Over 710,000 jobs have quietly
- 1:11been wiped out after the initial headlines.
- 1:15This is an average of 55,000 fake jobs reported every single
- 1:20month since January 2024. We have seen downward downward
- 1:25revisions in 24 out of 25 months.
- 1:29Guys, this tells us what is going on in the US economy is
- 1:33maybe not as great as what we get reported every month.
- 1:36They give U.S. jobs numbers and they say, oh, we created 75,150
- 1:42thousand jobs. But then quietly in the future
- 1:46they go back and revise those numbers and today we get news
- 1:50that over the last 13 months they were off by 700,000.
- 1:55I mean, think about it. I think a fifth grade math class
- 1:58could do a better job than the Bureau of Labor and Statistics
- 2:02and putting these numbers out. And furthermore, it begs the
- 2:05question, all these people that had make believe, could we call
- 2:10them Unicorn fart desk jobs? Did they get to the cash make
- 2:14believe paychecks? So I know I understand, right?
- 2:18The US economy is maybe not as strong as the government reports
- 2:24initially. And I know that people out there
- 2:27are, are, are suffering, struggling, especially young
- 2:30people. I had a great conversation with
- 2:33a relative just about four days ago about how young people in
- 2:37their 20s, it's darn near impossible at this point for
- 2:41most of them unless they're fortunate to come from a wealthy
- 2:44family, which most aren't, to buy up, even buy a house, which
- 2:49I said like in my 20s, right? That was a real achievable goal
- 2:53if you worked hard and you went to school or started a business
- 2:57that you could realistically expect that you could buy
- 3:00yourself a house. These kids, now, they got it
- 3:02rough. Anyway, we got more crazy news
- 3:05about the US economy we're going to get to later.
- 3:07But first let's talk about some exciting news for the UFD
- 3:10project. Because numbers don't lie.
- 3:13Mathematics shows no forgiveness on the altar of truth.
- 3:17Not even God can change the fact that 2 + 2 = 4.
- 3:21That's the way God set it up for us or whoever the universe.
- 3:25So let's go out. This is not a religious channel.
- 3:28Let's go out and look at the latest data that we're getting
- 3:31on our projects. And this is super encouraging.
- 3:34This comes from the one and only Bullion duster, our friend
- 3:38Vincent with a narwhal update. And for those of you who are
- 3:41new, we don't call our big holders whales, we call them
- 3:44narwhals because narwhals are the unicorns of the sea.
- 3:48Since my last update 2 weeks ago on February 25th, the top 250
- 3:56wallets of UFD have became stronger and stronger.
- 4:00The number of beans held by the top 250 increased from 668 to
- 4:06669,000,000 beans, up another million.
- 4:09The percentage of diamond, gold and Silver hooved wallets in
- 4:15that top 250 rose from 88% to 90%, up another 1.6%.
- 4:23The percentage of diamond, gold and silver beans in possession
- 4:27of these top 250 wallets is even greater at 91, almost 92%.
- 4:35So the top 250 wallets of Unicorn Fart Dust now hold 92%
- 4:40of the beans, and that's distributed rather equally.
- 4:44OK, which is a good thing for for for token distribution, but
- 4:48so they own the top 250 now have 92% of the beans and then and of
- 4:54those beans, well, I'm sorry, went from 668 to 669.
- 4:59The UFD community seems to be cooking a delicious slow bean
- 5:04squeeze towards an explosive beanopoly like silver.
- 5:08The Unicorn goes slow at 1st and then it makes an explosive fast
- 5:12move in a short time. Be aware, be prepared.
- 5:15And he just says maybe consider rotating some of your other meme
- 5:18coins into Unicorn fart test. Guys, this is incredible news
- 5:23for our project. I was talking to one of the
- 5:26dusters, one of our key dusters yesterday.
- 5:29And the way I described what we just looked at, it's like when
- 5:32you go to a water park and they all the water parks have the
- 5:34same thing. This humongous bucket that
- 5:38slowly fills with water. And when that bucket gets full
- 5:42enough, it dumps over all at once.
- 5:45It happens very slowly and then the big event happens very, very
- 5:50quickly. And I look, I don't have a
- 5:52crystal ball, don't make any financial decisions based on
- 5:54what I say. But I'm a numbers guy.
- 5:57And when I look at these numbers and I realize that we've got
- 6:00more and more people. Yes, it's been 9 days.
- 6:03Yes, I'm listening to you right more and more people.
- 6:07This jug represents all the UFD beans.
- 6:11See that line right there? 999 million period that have
- 6:15ever been created, ever will be created.
- 6:19And what these numbers show us is that this jug is getting full
- 6:23of more and more diamond hoof dusters and those Jelly beans
- 6:27represent the diamond hose hoof dusters.
- 6:30So I want you to use your imagination right now and
- 6:33imagine this jug filling up. See my finger slowly and slowly
- 6:38and slowly. The top 250 wallets currently
- 6:42own 2/3 about right here of all the beans we aren't even talking
- 6:47about. And 90% of those are diamond
- 6:50hooved. OK, but the other people, right?
- 6:53The the other people that aren't in the 250 wallets who are just
- 6:56as important as the narwhals, A lot of those are diamond hooved
- 7:00dusters as well. And every day that goes by, it
- 7:03feels like we had more and more people who are buying UFD and
- 7:10not selling the token holding on to it.
- 7:13Eventually we get to a point, right, where there's not that
- 7:16many beans left in that room, left in this jug, right?
- 7:20They get smaller and smaller for people that want to buy new UFD
- 7:24tokens. And then we get to a point where
- 7:26we have a a bean shortage. And then we get to a point where
- 7:29we have a beanopoly and then we get to.
- 7:43Valhalla, I don't know how you feel, but that always.
- 7:49I haven't done that for 9 days and boy I sure sure feels good.
- 7:52I miss the jug. All right, let's look at the
- 7:55mathematics. One more piece of math.
- 7:57I know nobody likes math class, but these numbers are critical
- 8:01to UFD and this and I did the math myself is really shocking.
- 8:07Mr. Nolso brought up that if 50,000 people right, holding
- 8:1120,000 UFD beans would cause a beanopoly 50,000 people.
- 8:18And I think right now last I checked we had well over 30,000
- 8:22people that own UFD. 50,000 people right?
- 8:26Not that many more. And if they just hold 220
- 8:28thousand UFD would cause a beanopoly literally meaning
- 8:33right. If we had 50,000 people who had
- 8:3520,000 beans and they did not sell, there would be no new
- 8:39tokens available for purchase. That equals about $168 for each
- 8:46of those 50. Come on man boy.
- 8:48I mean, I don't know, like I said, I'm not a financial
- 8:51advisor, but it doesn't seem we just need to recruit a few new
- 8:56people that have $168 and boom, bam, Bing, we're done, right?
- 9:01But actually, if you do the math, after all of us narwhals
- 9:05are factored in, that's a great point.
- 9:07OK, If you figure what we just look at the narwhals already
- 9:12owned 2/3 of the beans those the beans that are leftover it would
- 9:17become a much lower holder in number of beans, lower holder
- 9:22number of beans per holder higher we go wow, that's you
- 9:26know I didn't never looked at it that way and that's a great
- 9:29point, right. If we had 50,000 people that
- 9:33owned $168.00 with the UFD, there would be no tokens
- 9:37available at the current price. But if you factor in that 2/3 of
- 9:44the beans of the tokens are held by the top 250 wallets, the
- 9:48number of people that we would need, it might be like another
- 9:5110,000 people with $100 worth of UFBI.
- 9:54Don't know. I didn't do the math on that.
- 9:56But it gets very, very, very interesting.
- 9:59OK, let's move on and we're going to zip through this.
- 10:02Then we got more crazy news about the US economy.
- 10:06Here's the madman, he said. I bought into an idea, the idea
- 10:09that friendship reigns supreme and our best days are still to
- 10:14come. There's Dusty with a couple of
- 10:16attractive ladies walking down the street.
- 10:18The one and only Mr. Dusty. Here's Dubes.
- 10:21Most crypto projects die in the trenches.
- 10:25One didn't. UFD live now.
- 10:28And here we are live now and think about that, guys, right?
- 10:33I mean, I don't even, I haven't looked for a few days.
- 10:36Maybe tomorrow we'll do that for fun.
- 10:38But last I checked, there were 36 million cryptos out there.
- 10:41All the other ones died in the trenches.
- 10:45OK. I mean quite literally we, we've
- 10:48been bouncing around right around being the, the top 1000
- 10:53of all crypto currencies. All not just me coins, but all
- 10:57crypto currencies ever created in the history of the world.
- 11:00We are in the top 1000 out of 36 million.
- 11:05Take 3 zeros off that 1000 and you get 1.
- 11:09Take 3 zeros off that 36 million and you get 36,000.
- 11:14We are literally one in 36,000. We didn't die in the trenches.
- 11:18Why not? Because of me, right?
- 11:21I had very little to do with it. It.
- 11:23This is nothing with just me. Unicorn fart dust is nothing.
- 11:27We did it because of the army of Kols that we have.
- 11:32And who? Who are those Kols?
- 11:34Who are those believers? Well, go look in the mirror.
- 11:36Go ahead. You can leave the live stream
- 11:38for a few minutes. It's you, OK?
- 11:40You are the power behind UFD. Let's go.
- 11:43Hold on here. We got a great one from Bitboy
- 11:45J, but I need to share the screen and here you go.
- 11:50Hold on here. Boom, he says.
- 11:52All I see is commodities, then crypto, then commodities, then
- 11:57crypto. It's a full circle.
- 11:59And then you realize it always circles back to Unicorn fart
- 12:03dust. Everything is just Unicorn fart
- 12:06dust. And yes, that's a good general
- 12:08observation that I agree with. Commodities, including gold and
- 12:12silver oil are getting a lot of attention right now.
- 12:17I think all three of those sectors have a long way to run.
- 12:20But the other sector that's getting a lot of attention that
- 12:23I think fits right in with commodities is crypto, including
- 12:28Unicorn fart dust for all the aforementioned reasons that I
- 12:31said earlier. But these asset classes, I
- 12:34believe will do very well as we move into a fast evolving World,
- 12:40Economic world, geopolitical, a scenario that we are
- 12:45experiencing this, this happened before in the 1970s, right,
- 12:49where we had a stagflationary environment.
- 12:51So you want to learn? Yeah, stagflation.
- 12:54You're going to hear a lot more about that word.
- 12:57That's a stagnant economy. Remember those jobs numbers that
- 13:01were secretly written down by 700,000 over the last 13 months?
- 13:05Just one example. But a stagnant economy with
- 13:10inflation and if we already have much higher inflation than what
- 13:14the government is telling us, according to a lot of experts,
- 13:18and on top of that, higher oil prices will create an even more
- 13:22inflationary environment. Stagnant economy with inflation
- 13:26creates stagflation. Stagflation is good for non Fiat
- 13:31assets. OK, not things like crypto,
- 13:34excuse me, things like crypto, things like commodity.
- 13:37So buckle up butter cups, we got a long way to go.
- 13:40Oh, here, let me let me show you some proof.
- 13:42This is great from ash crypto to give us an idea of what's
- 13:47happening right now. He says this cannot be a
- 13:50coincidence. the US current inflation is literally mimicking
- 13:56the 1970 to 1980 time period. And that's not the only thing
- 14:01during or the only common thing. During the 70 to 80 period, oil
- 14:06prices went up, there was war escalation in the Middle East,
- 14:11gold and silver rallied hard. That has happened and the US
- 14:15economy was in a stagflation phase compared to today.
- 14:20In each one of these is exactly the same.
- 14:23And look at this chart that overlays inflation, OK, and
- 14:27white current inflation compared to what happened during the
- 14:3119701980 era. And as you can see on this
- 14:35chart, right, we are right here right now.
- 14:38But I mean, look at this went down, went up, went down, shot
- 14:43up super high, came back down according to the government
- 14:46numbers and then shot way higher.
- 14:49This is the 70s and 80s. It feels like we have a recipe
- 14:53for this to happen right now that will be good for
- 14:57commodities that will also be good for crypto as well.
- 15:02And further evidence, OK, They, they want to tell you, hey, the
- 15:05economy is great, everybody's rich, everybody's doing
- 15:08wonderful, blah, blah, blah, right?
- 15:10The fake stock market, OK, but something shocking is happening
- 15:15out there in the world right now to average everyday people, they
- 15:19can't pay their bills. And you're probably experiencing
- 15:22it, right? Foods more expensive, gas is
- 15:26getting more expensive. Everything's more expensive.
- 15:29Trying to pay insurance on a car, get a car, get a house,
- 15:33everything housing, everything is more expensive.
- 15:36And we've got proof that people are struggling right now in the
- 15:40economy because the last resort, the last thing that people want
- 15:45to do after they've racked up their credit cards, after
- 15:48they've exhausted every form of being able to get more money, is
- 15:53to take money out of their four O 1 KS.
- 15:56You pay a big penalty. It's the last resort that people
- 15:59want to do. And look at this data point that
- 16:02came through here we go from bar chart, but this is was reported
- 16:08everywhere yesterday as a major, major story.
- 16:12Americans are taking hardship withdrawals.
- 16:15I'll explain what that means from their retirement accounts
- 16:19at the fastest pace in history, warns Vanguard.
- 16:25OK, a hardship withdrawal means you go to your your retirement,
- 16:30Vanguard, Fidelity, Schwab, whoever it is that holds your
- 16:334-O1K or your IRA and say I want to take money out of my IRA and
- 16:38I want to do it early. Number one, you're going to pay
- 16:41taxes on that money #2 you're also going to pay a penalty.
- 16:46I think it's 10% on top of that. It's the last resort, OK?
- 16:51But this is happening now at the fastest pace, OK, in history,
- 16:58right? And that's from Vanguard
- 17:00Investments, Who I think if that, if they're not the
- 17:04biggest, they're definitely one of the biggest retirement fund
- 17:084-O1K administrators on the entire planet.
- 17:12So guys, that right there, OK, you can say all you want, they
- 17:16can tell us all they want about how great the economy is, how
- 17:20wonderful if average everyday people are having to take money
- 17:24out of their retirement plans early as hardship withdrawals.
- 17:29I got news for you. The reality is things aren't
- 17:33good. They can paint all the rosy
- 17:35pictures they want out there, but the reality is things aren't
- 17:39good. What this will likely lead to
- 17:41right is a like we talked about earlier, a stagflationary
- 17:45environment, a recessionary environment.
- 17:47And here's the big kicker, eventually the Fed will have to
- 17:52print money. Basically, is the simple way to
- 17:55say it. They're going to, that's the
- 17:56only thing they're going to be able to do to salvage this
- 18:00economy because they aren't going to let it crash, right?
- 18:03Because if they let the economy crash and the stock market
- 18:05crash, the ultra wealthy, the 1%, they aren't going to stand
- 18:09for that. They love when the government
- 18:11prints money because that makes the market go up, right?
- 18:14That will also bring more liquidity into the overall
- 18:18crypto arena, which I believe will also bring more
- 18:22opportunity, more money, more people, right, who are going to
- 18:26be looking for a safe, reliable cryptocurrency meme coin
- 18:29project. Because who doesn't love memes,
- 18:31They're fun, and who doesn't love a meme that's proven right
- 18:35that there's a community with a shared sense of purpose, people
- 18:38that are on a joint mission together, right?
- 18:41A project that has done everything they said that they
- 18:44are going to do, all right, and including you being here today,
- 18:48man, I really appreciate you guys.
- 18:50Thank you for being here. Thank you to Ledger for
- 18:53sponsoring Ron Spaceman. What an honor, the
- 18:55cryptocurrency security leader. Don't be like me, okay?
- 19:00Learn from my mistake. Think about crypto security
- 19:04before something happens. That's a real smart idea.
- 19:08OK, we all make mistakes. I made a mistake.
- 19:10I didn't think about crypto security until really after a
- 19:14horrible hack event that Susie and I endured.
- 19:18So thank you Ledger for sponsoring Ron's basement and
- 19:21giving our community, giving the crypto world safety and security
- 19:25and to our friends at Moon pay, because I'm not even here
- 19:28without Moon Pay. Moon Pay was my very first, my
- 19:31maiden voyage into the world of crypto and they've been an on
- 19:35ramp for millions and millions of people from Fiat into crypto,
- 19:40right? Adding value to the crypto
- 19:42ecosystem. A true fintech leader, Moon Pay
- 19:46is growing and innovating and bringing new people into the
- 19:50world of crypto. All right, guys, thank you for
- 19:52being here. Have a great day.
- 19:54Please don't forget, let's all do our best speak good to
- 19:57ourselves first and foremost, that will give us a platform
- 20:00from which we can be good to other people.
- 20:03Take care. And I'll see you.
- 20:05And yes, I see you right now. I'll see you soon.