Latest / Earn Your Leisure / FOAMER SIMPSON ON COUNTERFEIT SNEAKERS BEING A $450 BILLON INDUSTRY

Transcript

FOAMER SIMPSON ON COUNTERFEIT SNEAKERS BEING A $450 BILLON INDUSTRY · 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: The counterfeit market I've actually read is actually booming and
• 1:03
  Speaker 3: they've become really good. Like you said, sometimes you can't
• 1:05
  Speaker 3: even tell the difference between counterfeit, So is that all
• 1:09
  Speaker 3: coming out of like China or is it counter fits
• 1:12
  Speaker 3: like just all over everywhere at this point, and you
• 1:15
  Speaker 3: just really don't know because they said, like sometimes you
• 1:17
  Speaker 3: really don't even know if it's if it's real or Notough.
• 1:19
  Speaker 4: I think they sees like it was like a seventeen
• 1:21
  Speaker 4: million dollar season at the border, like they got a
• 1:24
  Speaker 4: shipment of just fake Jordan's seventeen million do that it
• 1:27
  Speaker 4: was crazy.
• 1:28
  Speaker 5: Yeah, I think they are mostly from China. I'm not
• 1:33
  Speaker 5: super familiar with it because we completely stay away from it.
• 1:36
  Speaker 5: There's been other sneaker YouTube channels that have dove much
• 1:42
  Speaker 5: deeper into that, where you know, maybe they'll compare a
• 1:46
  Speaker 5: real pair and a fake pair or try to educate
• 1:48
  Speaker 5: people in that regard or whatever. So they've got their
• 1:51
  Speaker 5: hands on the fake pairs, but we don't really do
• 1:55
  Speaker 5: anything in that regard. But yeah, I think I guess
• 1:57
  Speaker 5: they've got you know, Big Fact three is over in
• 2:00
  Speaker 5: China and they're getting better and better at at making
• 2:04
  Speaker 5: them look damn near identical.
• 2:05
  Speaker 3: Well, they probably make them in the same factor they
• 2:07
  Speaker 3: make the real ones. Prob they're because it's like this,
• 2:10
  Speaker 3: it's a factory in China that's making the real ones.
• 2:12
  Speaker 3: So what's the difference between They'll just put summerside for fake.
• 2:15
  Speaker 3: They actually probably aren't real.
• 2:17
  Speaker 4: Now, this dude's making billion. They had Advice had a
• 2:20
  Speaker 4: whole show on the fake retail market.
• 2:23
  Speaker 2: This dude's making millions.
• 2:24
  Speaker 4: Yeah, he's making millions of dollars and everybody knows it.
• 2:27
  Speaker 4: But the thing is, like, yo, I could just fit
• 2:28
  Speaker 4: in with this fifteen pair of fifteen dollars pair of sneakers,
• 2:32
  Speaker 4: or I could have the one hundred and eighty dollar
• 2:34
  Speaker 4: pair sneakers. They don't look the same, and when I
• 2:35
  Speaker 4: walk out the side, you're not going to know difference anyway.
• 2:37
  Speaker 3: Now, But that you know what. That's crazy though what
• 2:39
  Speaker 3: you said as far as like predicting events, because that
• 2:42
  Speaker 3: reminds me of the stock Like we look at we
• 2:44
  Speaker 3: buy stock and were like iPhone thirteen is about to
• 2:48
  Speaker 3: come out, so we predict that Apple's stock price is
• 2:52
  Speaker 3: going to go out. It's all an educated guest. We
• 2:54
  Speaker 3: don't really know it not, So I never really looked
• 2:56
  Speaker 3: at it as far as sneaker is in the same capacity.
• 2:59
  Speaker 3: But yeah, you could say, okay, like let's say that
• 3:02
  Speaker 3: you know, Lebron decides he's going to retire after this season,
• 3:06
  Speaker 3: then the last sneaker that he puts out hypothetically could
• 3:10
  Speaker 3: be more valuable because he's not gonna put ot anything.
• 3:13
  Speaker 4: That literally happened this year with the untimely death of
• 3:15
  Speaker 4: Kobe Bryant. Yeah, so like Kobe pass. And now if
• 3:18
  Speaker 4: you try to get any Kobe shoe, any of the
• 3:20
  Speaker 4: thirteen or fourteen ones he put out, they're over four
• 3:23
  Speaker 4: hundred dollars each. Like whereas when he was alive and playing,
• 3:27
  Speaker 4: that wasn't the case, like you could buy a Kobe
• 3:28
  Speaker 4: shoe outside like the Kobe Nines. When he came out
• 3:30
  Speaker 4: the high Top and it changed, it was like it
• 3:32
  Speaker 4: was affordable to do. And now it's like, yo, four
• 3:34
  Speaker 4: hundred dollars at the minimum.
• 3:35
  Speaker 3: So but Mike, let me let me ask you this,
• 3:38
  Speaker 3: what is the How does sneakers actually get value? Because
• 3:41
  Speaker 3: to me, it's looking if he's like I said, I'm
• 3:42
  Speaker 3: not a sneakerhead, but I saw you did a review
• 3:44
  Speaker 3: on your on your page a few days ago with
• 3:46
  Speaker 3: the off white something off white OZ. Yeah, it looked
• 3:49
  Speaker 3: it looked like it was it was a dope sneaker
• 3:50
  Speaker 3: to me. But she was like, you can actually get
• 3:52
  Speaker 3: it for a cheaper price now, So it seems to
• 3:54
  Speaker 3: me like the randomnest sneakers just go up crazy, Like,
• 3:59
  Speaker 3: is there like a rhyme or reason to why sneakers
• 4:01
  Speaker 3: are valued at what they're valued on the secondhand market.
• 4:05
  Speaker 5: I think it's just what the consumer kind of pushes
• 4:10
  Speaker 5: it to and or lets it drop to. You know,
• 4:15
  Speaker 5: it really is, and that's why sometimes you'll see people,
• 4:18
  Speaker 5: you know, complaining about prices, and even me sometimes I'm like, man,
• 4:21
  Speaker 5: I can't I want that sneaker, but I'm not going
• 4:23
  Speaker 5: to pay that. But it's us who set the market.
• 4:27
  Speaker 4: You know.
• 4:27
  Speaker 5: It's supply and demand like anything else. And obviously certain
• 4:31
  Speaker 5: sneaker releases are more limited, so already the supply is low,
• 4:36
  Speaker 5: so then if the demand is even up a little bit,
• 4:39
  Speaker 5: it's going to be something. It's going to reflect that
• 4:42
  Speaker 5: in the resell price of the sneaker. So it's it
• 4:46
  Speaker 5: is something that's pretty hard to predict. Like I said,
• 4:49
  Speaker 5: it's not to me, it would be a headache, you know,
• 4:51
  Speaker 5: Like I know, if if that's something that you're doing
• 4:55
  Speaker 5: for a living, which I know plenty of people who
• 4:56
  Speaker 5: do do that and do very well for themselves. But
• 5:00
  Speaker 5: to me, that would be. It's too wishy washy for me.
• 5:05
  Speaker 5: It's too like I like to.
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• 6:58
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 7:02
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 7:06
  Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
• 7:10
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 7:14
  Speaker 1: some of the heinous migrant criminals caught because of President
• 7:18
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 7:21
  Speaker 1: Secretary of Homeland Security under President Trump, attempted illegal border
• 7:26
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 7:30
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 7:33
  Speaker 1: are here illegally, your next you will be fine nearly
• 7:37
  Speaker 1: one thousand dollars a day, imprisoned and deported, you will
• 7:41
  Speaker 1: never return. But if you register using our CBP home
• 7:45
  Speaker 1: app and leave now, you could be allowed to return legally.
• 7:48
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 7:53
  Speaker 1: border and families will be protected.
• 7:56
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 8:00
  Speaker 5: A little bit more certain about stuff, and so it's
• 8:04
  Speaker 5: it is really tough to predict sometimes.
• 8:05
  Speaker 2: But you know, if you.
• 8:07
  Speaker 5: Really have your ear to the street, so to speak,
• 8:10
  Speaker 5: and by that I mean just really on social media,
• 8:13
  Speaker 5: because that's what things are these days, you can kind
• 8:16
  Speaker 5: of feel it starting to bubble, you know, like these
• 8:19
  Speaker 5: nikesb sneakers. You know, Nike skateboarding is something that several
• 8:25
  Speaker 5: years ago were really popular, and then over the past
• 8:29
  Speaker 5: few years they kind of got stagnant. No one really
• 8:32
  Speaker 5: wanted them other than people who were skating in them,
• 8:35
  Speaker 5: but they had no resell value, and now over the
• 8:38
  Speaker 5: last year or so, it's just bananas. Like it was
• 8:41
  Speaker 5: a pair that I had, and they were reselling for
• 8:46
  Speaker 5: like two grand and retails like a hundred bucks.
• 8:50
  Speaker 2: So it's but.
• 8:54
  Speaker 5: About a year ago, you could feel it start to bubble,
• 8:57
  Speaker 5: you know, you could people were talking about them more,
• 9:00
  Speaker 5: were posting more. You could see you could see the
• 9:03
  Speaker 5: resell prices kind of climbing a little bit, the releases
• 9:06
  Speaker 5: being a little bit more hyped up, the sneaker blogs
• 9:09
  Speaker 5: covering the stuff more, and so you can you can
• 9:12
  Speaker 5: feel it start to bubble. It's not like a complete
• 9:14
  Speaker 5: shot in the dark, but it is something that you
• 9:16
  Speaker 5: got to really be in tune with if if that's
• 9:19
  Speaker 5: how you're going to make your money.
• 9:20
  Speaker 4: Yeah, So the SB, I'm glad you brought that up
• 9:22
  Speaker 4: because the SB obviously, and we're going to talk about
• 9:24
  Speaker 4: the Ben and Jerry that you got. We need to
• 9:26
  Speaker 4: talk about that because I saw the post. We're gonna
• 9:28
  Speaker 4: talk about that. We got to talk about that. But
• 9:31
  Speaker 4: the SB has, like you said, like a year ago,
• 9:33
  Speaker 4: came back and I feel like it was a Travis
• 9:36
  Speaker 4: Scott effect, Like that's the power of influence. Like every
• 9:39
  Speaker 4: time Travis Scott woul put on the ASB, whether it
• 9:41
  Speaker 4: was the Diamond or the ones he made you would
• 9:43
  Speaker 4: see that shoe go up. But prior to that, I think,
• 9:47
  Speaker 4: and maybe you can add to this, the one that
• 9:49
  Speaker 4: changed the way sneakers looked at I think it has
• 9:52
  Speaker 4: to be the SB Pigeon.
• 9:53
  Speaker 5: No, well, I mean that was that was one of
• 9:57
  Speaker 5: the first sneakers that really created like a real, real craze,
• 10:03
  Speaker 5: you know, and so yes, but I think there's been
• 10:08
  Speaker 5: an ebb and flow to sneakers, and I mean, really
• 10:11
  Speaker 5: everything goes that way, but it's the things will be
• 10:17
  Speaker 5: sky high and then you know, they'll kind of gradually
• 10:21
  Speaker 5: slide back down and then something will happen where it
• 10:24
  Speaker 5: booms again. And I think what you said about Travis
• 10:26
  Speaker 5: Scott is is I think you really nailed it on
• 10:28
  Speaker 5: the head, you know, especially now social media, Like I
• 10:34
  Speaker 5: think that that's the ingredient that took sneakers from a
• 10:40
  Speaker 5: much more niche really much smaller group of people that
• 10:48
  Speaker 5: really really cared about it and really took it to
• 10:53
  Speaker 5: where it's at now. I mean social and a big
• 10:56
  Speaker 5: part of that social media is, like you said, the
• 10:58
  Speaker 5: Travis Scotts of the world, the celebrities. You know, You've
• 11:01
  Speaker 5: got Kylie uh Jenner on on wearing sb's and you
• 11:08
  Speaker 5: know a lot of sneaker people were upset because they
• 11:10
  Speaker 5: were like, oh, she's not.
• 11:11
  Speaker 2: You know, she's getting them for free.
• 11:14
  Speaker 5: Well yeah, and like, yo, she's she's new to this.
• 11:16
  Speaker 5: And but the truth of the matter is they still
• 11:20
  Speaker 5: have incredible influence. And when people start seeing that stuff
• 11:23
  Speaker 5: on Instagram and they start saying, I want that sneaker,
• 11:26
  Speaker 5: I want that one, and and you know, now they're
• 11:28
  Speaker 5: on stock x or now they're you know, searching to
• 11:32
  Speaker 5: you know, where they can find the sneaker. And so
• 11:36
  Speaker 5: celebrities have really boomed things in my opinion, and Instagram specifically,
• 11:42
  Speaker 5: and you know, just social media in general.
• 11:44
  Speaker 2: I guess.
• 11:46
  Speaker 3: My graduates from my school being false bad drop drop,
• 11:52
  Speaker 3: drop bagdrop.
• 12:05
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 12:08
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 12:12
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 12:17
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 12:21
  Speaker 1: some of the heinous migrant criminals caught because of President
• 12:24
  Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 12:28
  Speaker 1: Secretary of Homeland Security under President Trump, attempted illegal border
• 12:33
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 12:37
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 12:40
  Speaker 1: are here illegally, your next you will be fine nearly
• 12:44
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 12:48
  Speaker 1: never return. But if you register using our CBP home
• 12:51
  Speaker 1: app and leave now, you could be allowed to return legally.
• 12:55
  Speaker 1: Do what's right, leave now. Under President Trump America's laws,
• 13:00
  Speaker 1: border and families will be protected.
• 13:03
  Speaker 2: Sponsored by the United States Department of Homeland Security,