Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ** $UFD NEWS ** - YOUR Crypto and Economic UPDATE
Transcript
- 0:39Hey guys, welcome to the basement.
- 0:40Welcome to the live stream. Horns up.
- 0:42There's a old saying in the. World of the stock.
- 0:45Market that volume precedes price and with.
- 0:48UFD We. Are seeing massive amounts of
- 0:51volume right now. We're going to dig into that
- 0:54here in just one second. But what that means is when the
- 0:57volume picks up up in a big way, oftentimes, look, there's no
- 1:02guarantees. You know, this is not financial
- 1:04advice. I'm not a financial planner.
- 1:07But oftentimes when you see big upswings in volume.
- 1:11That is followed by. Big upswings in price and we are
- 1:14seeing some very interesting data when it comes to volume
- 1:19trading on. UFD, we're always focused.
- 1:22On the community. But when something like this is
- 1:24happening, we've got to. Take a look.
- 1:27This was from yesterday. I saw that the.
- 1:29UFD volume spike on. HTX look at this.
- 1:33Chart down here below. Here's a chart of volume since
- 1:36listing. It's interesting to say.
- 1:38The least? Shout out to Wag Me Wham for
- 1:41catching this. 1st So what they're.
- 1:43Showing here on this chart, and this is apparently just from
- 1:46HTX, is a massive upswing in volume, but we can see it even
- 1:51more if we go to an up-to-the-minute.
- 1:54Up to the second data. Here on coin market cap and
- 1:59where we see. Currently, we're trading just
- 2:02below. $26 million. Let's get the.
- 2:05Let's get the. Markers out here in.
- 2:08Market cap OK 20. $6 million, but our volume, right?
- 2:16Here, over the last 24 hours is. $20 million.
- 2:22So of our $26 million market cap, we've seen $20 million in
- 2:27volume. And then if we go down here.
- 2:30It shows us the. Volume to market cap over the
- 2:33last 24. Hours is at 80%.
- 2:36Now look. I'm focused on you.
- 2:39I'm focused on the community. But I do.
- 2:41Look at the chart. One or two times a day.
- 2:44It'd be a waste of my. Time to spend my whole day.
- 2:46Staring at the chart it. Never does any good, but when I
- 2:49do look at it and when I. See data like that.
- 2:52And and I do. Know from watching it over the
- 2:54last. Six months, we've never seen
- 2:57such and this has been going on for a few days on coin market.
- 3:00Cap as I. Remember, I mean this.
- 3:03Could be. Something's going on.
- 3:05I'm not. I don't know what's going on.
- 3:07Maybe you guys. Can send me?
- 3:08IDM tell me what's happening, but what I?
- 3:10See is a big. Big move up in volume and look
- 3:15over my what? 30 years of following.
- 3:17Stocks and other financial instruments, it was always.
- 3:21Said that volume. Precedes price, so we'll see
- 3:24what? Happens.
- 3:25It's very, very interesting. Again, the most important thing
- 3:28is you, the community, what we are doing right now and we are
- 3:31killing it there. Let's go out.
- 3:33Here and take a look at some social.
- 3:35Data that we're getting. And we can see this one came
- 3:44from. As the Duster UFD holds the
- 3:46third. Position and mentions according
- 3:48to Lunar crush social statistics among all pump dot fun ecosystem
- 3:53coins. So here we are #3 again, right?
- 3:57There's a good. Old UFD. #3 that's.
- 4:01The size of our box. And when we compare.
- 4:04That to. The size of fart coin.
- 4:08I mean, we're almost. Pretty much at 50% of the
- 4:12social. Mentions that Fartcoin gets and
- 4:14we know that Fartcoin, although it has been in a bit of a
- 4:18downtrend itself. But their market cap?
- 4:21Is what like, let's go look, come on Dusters, let's go on a
- 4:25little field trip. We'll go back out here to coin
- 4:29market cap and. Let's see here, put in fart and
- 4:34see what comes up. Bark coin?
- 4:38Nope, that's not it. Here it is.
- 4:41Bark Coins current market. Cap is 90, I'm sorry, 920
- 4:47million. Dollars so.
- 4:49Again, well well above. 30X where are there we go where our
- 4:56market? Cap sets.
- 4:57So it's really incredible. I mean, it points out to us and
- 5:00we know that our community and hey hats.
- 5:03Off to Fartcoin we're. Happy for them.
- 5:05We're great what they've great for.
- 5:07Them what they have achieved? No.
- 5:10Doubt about it. But when we compare.
- 5:12If our if. Our market cap just.
- 5:14Saying was half of fart coins. Let's say our market.
- 5:18Cap was less. Than half 400.
- 5:20Million. That would be what?
- 5:22About A13X from where we are right now.
- 5:25Just to be it. Half the market.
- 5:27Cap of far coin. And and again, we're happy.
- 5:30I'm happy when far coin goes higher and higher and higher and
- 5:33higher. It's.
- 5:33Been pulling back. Lately as well.
- 5:36As the. Entire meme coin sector has but
- 5:39none the less. If our market cap were to go to
- 5:42400 million. Again, less than half.
- 5:44Of the market. Cap of far coin.
- 5:46We'd be up 13 X. And, you know, look.
- 5:50All respect to far. Coin, I'm repeating myself.
- 5:52But this is so critical. I'll put our community.
- 5:56I'll put. What you're doing day?
- 5:58In and day out, up against anybody and don't forget.
- 6:01Guys. Very important, very important
- 6:05these challenging times and overall it's been a challenging
- 6:08market in crypto and in the meme coin sector.
- 6:11For the last what? I don't know, 2-3?
- 6:13Once feels like forever. I'm with you.
- 6:17But the good thing that's happening day in, day out is
- 6:20during. These hard.
- 6:21It's easy. To quote UN quote build a.
- 6:24Community when the markets booming and everything's doing
- 6:27great. But is that really?
- 6:29The community is that. Really sustainable strong growth
- 6:34when it's happening, when the markets taking off like.
- 6:36Crazy. I would say no.
- 6:38I would say that the. Real growth the.
- 6:40Real forging of a solid community, Luke and Nets.
- 6:45Told talked about. This when I talked with him a
- 6:47couple months ago when he was a guest here on the show.
- 6:50Really. Even yesterday when I was.
- 6:53Talking with Kyle. Chassis he somewhat.
- 6:55Brought the same thing. Up as well, like the real
- 6:58community is built. During Unfortunately, the
- 7:02reality of the situation is it's built.
- 7:05During the difficult time, So what we are doing, what you are
- 7:09achieving day in and day out. Is a big, big deal.
- 7:13Let's go. Look at another.
- 7:14Piece of data here. Oh, this is.
- 7:17The great One UFD top voices in the last 24 hours.
- 7:23This was from yesterday. But hey, look.
- 7:25Look who's yes make. Sure, we got the right.
- 7:29Yeah. Look who's number one.
- 7:33Susie, hold on, Let's. Give her a call.
- 7:36Susie, did you know? You were #1 I think.
- 7:39This was yesterday on. The on social mentions.
- 7:41OK, that's all. So then I think it's really
- 7:44funny. I have seen my little.
- 7:51Picture up there. OK.
- 7:52Well, congratulations on on behalf of myself and the entire
- 7:56duster. Community.
- 7:57We'd like to congratulate. You, Susie.
- 8:01This is a fun piece of data though, and I think this was as
- 8:04who put. Yeah, as put this one out and
- 8:07it's from cookie dot fun. And guess who's at the
- 8:09forefront? We got Mr. Ape out there, DJ.
- 8:14Litmus gotcha Ghost, Nate shacks, Obi Wan, Tom Franny and
- 8:19looks like crypto art down there as well.
- 8:21So congratulations. To keep up the good.
- 8:24Work in that regard guys. This I thought was.
- 8:26Interesting as well this post came from OB, he said with
- 8:32social dominance. UFD has always.
- 8:35Ranking in the top you can be. Assured that are repricing.
- 8:39Will be violent patients dusters Vala.
- 8:43Hala. Awaits.
- 8:44And for those of you who don't know.
- 8:46Vala Hala. Is the like Viking heaven?
- 8:49OK, so there and this is a different way to.
- 8:50Look at what we just looked at. But there, here we are guys,
- 8:54right? There's our bubble.
- 8:55There's the old UFD bubble. Hold on.
- 9:04Susie was coming through there. Yeah, here we are.
- 9:08All right, here's the UFD bubble.
- 9:10Draw that Valhalla thank. You.
- 9:14Thank you, Susie. There's the UFD bubble right
- 9:17there we are. OK.
- 9:19All right, guys, keep it up. We're doing great, everything's
- 9:21wonderful. Now let's look at something else
- 9:24that you can really pat yourself on the back with.
- 9:28I found this fascinating. I had no idea the statistics
- 9:32involved here. This comes from Bastille and
- 9:37Bastille. Tells us that the.
- 9:38Reality is 98.4% of the pump fun tokens, and yes we were launched
- 9:45on pump fun, never make it to Radium.
- 9:48That means they never get out of the pump fun ecosystem.
- 9:52They never bond. I think it's called.
- 9:54There's a thing called a bonding.
- 9:55Curve anyway out of. The 1.6.
- 9:58Percent so. You know that means if you if
- 10:02you were to line up 1000 people or 1000 coins, only 10 of them
- 10:08basically no 16, I'm sorry, would do this 1.6% that do
- 10:15Here's how they performed. OK, so there were. 40. 3000
- 10:19graduating tokens 35,000 never made it to 500 K market cap
- 10:25we'll skip down here 3 only 369 ever made it to a 10 million to
- 10:3250 million market cap that's less than 1% only 64.
- 10:39Out of out of all. Those so .146% so that.
- 10:44Would be like. One in 1000 or 1 1/2 and 1000
- 10:51made it to a 50 million to 200 million market cap.
- 10:54That would be us. We did that.
- 10:56Only 23 point O. 5:00 So that would be a 5.
- 11:02Out of 1000, made it to 200 million to 1 billion market cap
- 11:06and that would be us as well. Guys, we hit 2. 140 million and
- 11:11at one point then? Later, we also hit. 400 million
- 11:15in market cap and only two made it above a billion.
- 11:18We did not. Make that cut.
- 11:20But only only only. 23. OK, here we go. 23.
- 11:25Out of 44. 1000. 23 out of 44. 1000 made it above 200 million
- 11:31and we are part. Of that group.
- 11:34We accomplished that. We are.
- 11:36Accomplishing what we're accomplishing day in and day out
- 11:40in this community. Building, right, building solid
- 11:44building blocks. The, the, the, the community is
- 11:47stronger than ever. What you're doing is working
- 11:50right now more than ever, and day by day.
- 11:53Day by day. We continue to prove it.
- 11:55Prove it to ourselves. Prove.
- 11:57It to the to. The crypto community.
- 12:00And prove. It to the world that we are here
- 12:02to stay. And each day we're getting more
- 12:05and more people joining us and. Quality.
- 12:09We are quality oriented, quality people who are going to.
- 12:12Stick around and keep UFD as one of their main priorities, their
- 12:17main focuses. It is a big.
- 12:19Deal. Because you know what?
- 12:23You know what dusters? It's been a few days.
- 12:27There's only. 999 million UFD beans, do you see that line?
- 12:31Do you see that number? Look at that.
- 12:34Look at that. OK, Dogecoin can make.
- 12:37More coins, OK. Other cryptos can create that
- 12:40and that would be like if this. Right here is.
- 12:43Limited in size OK cannot get any bigger and as you.
- 12:47Fill this up. With diamond hood.
- 12:49Dusters we do get to a point where.
- 12:52We hit a bean. Shortage when they're talking
- 12:54about volume, $26 million market cap and 20,000,000.
- 12:59Trading OK if once. And and it's happening.
- 13:03Little by little by. Little.
- 13:04But as we continue. To fill this.
- 13:06Up with diamond hood. Dusters, holders, whatever.
- 13:10You want to call them. You get, you get up to here, we
- 13:13get it up to. Here and there's only.
- 13:15Let's say we've got. Let's say we have out of nine.
- 13:18199 million beans. Let's say we have. 700 million
- 13:22of them in the hooves of diamond hoove dusters.
- 13:25People who aren't. Going to sell then There's only
- 13:28that. Little bit up there.
- 13:30And they? Try to pump through. 20 million
- 13:32to $40 million in volume. There will be a shortage.
- 13:36Of beans right the the scale will tip and it could be a
- 13:40beautiful thing and remember this cannot get any bigger some
- 13:45of the other crypto some of the other meme coins.
- 13:47They can make this jug as big as they want.
- 13:49They can make that. 990, 9,000,000 number go from being 1
- 13:54billion to 2 billion to 4 billion to.
- 13:57Whatever they what? I think whatever they want
- 13:59depends on the coin. We're stuck.
- 14:01Which is a good. Thing, right, That was one of
- 14:03the very first things that got. Me sold.
- 14:06On, on, on continuing. To to to support.
- 14:10Unicorn. Fart does.
- 14:11Was that? This is finite.
- 14:14It's not like this, right? You can, you can have as many of
- 14:17these as you want. Just call up your friend Jerome
- 14:20Powell at the United States Federal Reserve and say, Jerome,
- 14:25print some money. They're printing it all the
- 14:27time. Go out and look at the M2 money.
- 14:28Supply so. This is a big.
- 14:30Deal and this. Will deliver us to.
- 14:35Valhalla, Valhalla. We got to shake the beans
- 14:43dusters every single day. Yeah, they can print dollars and
- 14:46do Infinity. I'm a.
- 14:47You know here. I'll just.
- 14:48Pull it up right now. I was.
- 14:50Going to save this for later but this is worth us.
- 14:52Looking at right now. Here we go, the Treasury
- 14:58Secretary. Scott Besent said this over the
- 15:00weekend. He says the US is never going to
- 15:03default on its debt. OK, as debt limit deadline loom
- 15:08to the darn, So the Treasury. Secretary says hold on a minute
- 15:13here. All right, I'm going to close.
- 15:16That. OK, sometimes Fox News does
- 15:19that. That.
- 15:20Uh oh, can you see me? Oh, no, hold on a minute here,
- 15:24guys. We got some technical problems,
- 15:26then we're going to get back to that.
- 15:29There we go. Share.
- 15:30OK. All right.
- 15:33And go back. Here.
- 15:35I'm coming back. Don't you worry.
- 15:37OK, here we are. Sorry guys, they had a.
- 15:38Little stream yard issue there. So the Treasury.
- 15:41OK, we are limited. Gold and silver are.
- 15:44Limited Unicorn fart dust is limited.
- 15:47Finite can't make any more. They can print as many dollars
- 15:50as they want. Scott percent over the weekend.
- 15:51Says don't worry, the United States government will never.
- 15:55Default on its. Debt, what he's basically.
- 15:57Saying is. We'll devalue the dollar.
- 16:00Into Infinity we can. Print as much as we want.
- 16:03Sure, we'll never default. It's just a matter of.
- 16:06What's the dollar? Going to be worth and if we.
- 16:08Use the. U.S. dollar is the.
- 16:10Unit of measure. Which we've all.
- 16:12Been tricked into doing for UFD for anything right for a gallon
- 16:17of gasoline, for an ounce of silver, for one of one UFD coin
- 16:22right We think in terms of dollars we use.
- 16:25The dollar as the. Unit of measure.
- 16:28OK, well then as more and more money is printed.
- 16:31As we go forward, right? The things that you measure in.
- 16:36Dollars will go. Quote UN quote up in price.
- 16:40That's the way it. Works if you keep.
- 16:42Printing there's only look. Here's a good example for you.
- 16:46This is great. And you can use anything that's
- 16:50finite in nature. Over here.
- 16:53See if I can hold this with one hand, this could get ugly.
- 16:57Over here, over here. Right, there's not.
- 17:00There's a limited number of beans over.
- 17:03Here there's. Unlimited amounts of this okay,
- 17:07unlimited so if if. This was all the money dollars
- 17:10in the. World and this.
- 17:11Is all the beans okay? Well, then it would.
- 17:13Just pretty much. Stay at the same relative value.
- 17:17But no. You can make as many of these as
- 17:20you want, As many you can print. As many as you want.
- 17:24You can't print. As many as as of these the same
- 17:27thing. Could be said with this I just
- 17:29happened to have a beautiful ounce of silver.
- 17:32That I got from first Mint. Look at that.
- 17:34Silver's beautiful. I love silver.
- 17:36I think the price was up big earlier today too.
- 17:39That's from First mint in Las Vegas, NV.
- 17:42They sponsor my gold and silver. Content, but the same can be
- 17:46said. Yeah, it's.
- 17:47True here, right there's. Only so much of this in the.
- 17:50World period this. Can be.
- 17:52Printed to Infinity. It's a very important concept
- 17:55for all of us to understand. Thank you for listening.
- 17:58All right, let's move on. We got a lot more to talk about.
- 18:02We did the pump fun OK. Russia.
- 18:05Well, we got. News out of Russia, but let's
- 18:06say thank you to our sponsors right now.
- 18:08I want to say thank you to channel sponsor Ledger and I
- 18:10want to pull something up. That I thought was really cool
- 18:13that Ledger put out. This morning.
- 18:17Hold on. Here, here we go.
- 18:19They got a little. Quiz and guess who made the cut?
- 18:24Guess who our friends at Ledger included in their quiz?
- 18:27They. Put out so you're.
- 18:27Thinking you're a real 1 when it comes to Solana self.
- 18:30Custody. Let's put that to the test.
- 18:33The only true self. Only true self custodians can
- 18:37score. Four out of four prove your IQ.
- 18:40IQ Flex. So it's a kind of like a self.
- 18:43Custody quiz that they put out. And there's question #1 and here
- 18:50is question #2 and guess who made?
- 18:53The cut. I thought this was great.
- 18:56Which of the? Following SPL tokens are
- 18:58integrated into Ledger Live and can be managed.
- 19:00Securely with your Ledger. Wallet and look who made.
- 19:03The cut right we. Are one of the answers.
- 19:05I'm not going to give you the correct answer to that question.
- 19:08I'll let you go out to their to the Ledger.
- 19:11Post I actually think I pinned this to my profile on X so you
- 19:15can see. For yourself.
- 19:17But thank you, Ledger, for including us.
- 19:19And guys, don't forget, I've got it back there on the bear, you
- 19:22can see. It right there, right there, the
- 19:25Ledger. Flex Solana edition is out and
- 19:28it's now open to UFD holders. Certain token community, certain
- 19:33NFT communities are now able. To buy the Ledger.
- 19:37Flex Salon edition. It's super cool.
- 19:39It shows their dedication to Solana, which of course we as
- 19:43the Unicorn fart desk community are part of.
- 19:45One more quick thing, I want to say thank you to Moon.
- 19:48Pay. Not real quick.
- 19:50Very importantly, and Moon Pays had just a ton of news out, this
- 19:54came out earlier in the week, the New York State Department of
- 19:57Financial Services has granted Moon Pay our BIT license and
- 20:02monetary transmitter license. So this really?
- 20:05Opens up moon pay. To be able to.
- 20:08Operate more fully and in a much more comprehensive manner in New
- 20:12York. State That was huge.
- 20:13Huge news. We got news from them about.
- 20:16MasterCard, we got news. From them about moving their
- 20:20headquarters to New York City and then a few weeks ago they
- 20:24made it. You can trade UFD.
- 20:26You can buy UFD on moon pay. Man, there's too much to
- 20:29remember. And there was.
- 20:31Oh, and now you can buy. Digital Gold Tether Gold XAUT.
- 20:35On Moon Pay's platform, so great.
- 20:37I mean, Moon Pay's like the fintech leader, like growing and
- 20:41innovating like no other company out there.
- 20:43Thank you to Moon Pay. Thank you to moon pay thank you
- 20:47to Ledger for sponsoring Ron's basement.
- 20:50We're here because of them guys, so please continue to include
- 20:53them in your post, continue to include them in your artwork.
- 20:57I'm very. Grateful for that.
- 20:58The support. They give me.
- 21:00Helps me be able to be here and and.
- 21:02Visit with you every. Single day.
- 21:05OK, Russia, big news about. Crypto out of Russia?
- 21:09And here it is. Oh, here it is.
- 21:16All right, here we go. Russia just dropped a.
- 21:22Bitcoin bomb while the US debates all right, subur I can
- 21:28never pronounce. That spur subur.
- 21:32Russia's largest bank. Which is a majority owned by the
- 21:35state, has begun marketing a new class of bonds whose payouts are
- 21:39indexed. To the US dollar.
- 21:41Price of Bitcoin and to movements of the dollar against
- 21:45the ruble. Opening an officially regulated
- 21:47onshore route into the world's pre eminent cryptocurrency for
- 21:51qualified Russian investor So Russia.
- 21:54Is basically. Issuing Bitcoin cryptocurrency
- 21:58index bonds. The world is adopting to crypto.
- 22:03OK, the world. You know, I've always said
- 22:05silver and gold were the original.
- 22:07Forms of cryptocurrency. And now?
- 22:09Digital cryptocurrency right before our very.
- 22:12Eyes is being adopted in the United States and.
- 22:15All throughout the world, it's getting very, very.
- 22:18Interesting. Let's.
- 22:19Do duster of the. Day.
- 22:21The day's. Duster of the.
- 22:22Day is a constant stream here we.
- 22:26Go. And.
- 22:30Make sure we got the right. There we go.
- 22:31Constant stream OK and constant stream is.
- 22:34Living up to their. Name doing constant post about
- 22:38Unicorn fart dust there he asked Agent Nyla to send 12 million
- 22:43UFD to me. That's not how it works, says
- 22:47Nyla. But really doing a great job
- 22:50getting out some wonderful. Artwork here this is.
- 22:54This this wormhole leads to an alternative universe and you got
- 23:00people saying unicorns are a myth.
- 23:02Farts are prohibited. Where no one loves Unicorn fart
- 23:05dust the alternative universe so thank you constant stream we.
- 23:11Appreciate you. We appreciate.
- 23:13Everything you're doing and I want to read a little.
- 23:15Quick little paragraph. That came to us from our friend
- 23:19Constant. Stream.
- 23:22He says well Dang that's awesome.
- 23:23When I when I told them that they are the.
- 23:25Duster of the. Day, I'm honored.
- 23:26I'm a little embarrassed about my little.
- 23:28Outburst the other day. So yeah, I think.
- 23:30Constant stream joined the community and and posted a few
- 23:35things and said gosh nobody. 'S nobody's responding.
- 23:38To me and I. Really applaud.
- 23:41The constant stream for pointing that out, because then what
- 23:44happened? Was the community showed.
- 23:45Up and I. Think it's a great.
- 23:47Lesson for all of us and the importance right the welcome
- 23:50wagon. We can't forget.
- 23:52How important it is? For us to.
- 23:54Welcome new. People to the UFD.
- 23:57Community new. People are just.
- 23:59As important as P as us that have been around from the very
- 24:02beginning and and and people that are narwhals that have
- 24:06millions and millions of. Share of of.
- 24:08Tokens. I'm sorry, beans are just as
- 24:11important. As those of us that have.
- 24:13Two beans OK sometimes. I just feel like.
- 24:17A ghost waving my hands in front of people's faces and never
- 24:20seen. It's been like that for me for a
- 24:22long time. So thank you for creating this
- 24:24beautiful environment. Honestly, there's not much to
- 24:27know about me. I'm 32 years old.
- 24:29I'm from a small town called Inverness in Florida, and I've
- 24:32been here my whole life. I'm a psychonaut.
- 24:35Who likes to explore? All corners of the universe.
- 24:38I just hope I can. I can't live up to my name and
- 24:41keep a constant stream of Unicorn magic coming out.
- 24:45Well, constant stream. You can do it right.
- 24:48We all go through our. Highs and.
- 24:49Lows, our cycles, everything else we are.
- 24:52Focused on discipline and we are focused on good attracts good,
- 24:57right and that's. Real easy, right?
- 24:58So. You know, some days you want to
- 25:00post a whole whole. Lot other days.
- 25:03Look when you don't. Feel like it?
- 25:04That's when discipline kicks in. And maybe you only post a few
- 25:07things that's true for. All of us guys, but the key is.
- 25:11That we remain committed and that we have grit and
- 25:15determination and that's what we are seeing in this community.
- 25:18And that is just one of the things that makes us different
- 25:22but constant stream. We appreciate you, OK?
- 25:25We appreciate. You and I want all you.
- 25:27Dusters out there, reach up do. You feel your horn.
- 25:31Is there a horn up there? Is there?
- 25:34Does it feel that? Remember, we are the horniest.
- 25:36Community in crypto. Unicorn horns all.
- 25:39Right, let's all together. Pick up that golden.
- 25:42Horn and help me install it There we go on constant stream.
- 25:49Congratulations. Let's touch on the.
- 25:51Economy for a second. Because when the economy.
- 25:54Of yesterday. We got some bad jobs numbers
- 25:57tomorrow, although the ones. Yesterday were from ADP.
- 26:00Tomorrow we. Will get the official.
- 26:02May job numbers from the Bureau of Labor and Statistics.
- 26:06It could be a crazy day. In the markets, OK, the economy
- 26:10is slowing down. You know how hard?
- 26:11It is out there. That's why a lot of you.
- 26:13Are are, you know, the dollar, the, the financial systems, it's
- 26:17like rigged. Against a lot of people.
- 26:20And it's getting more and more difficult.
- 26:23I just want to point out one thing that's going on because
- 26:25we. All need housing, right?
- 26:27Think about it, you all of us need a place to sleep.
- 26:30Everybody needs. Housing and housing has.
- 26:31Gotten so expensive people. Can't afford houses anymore?
- 26:37But. Now we're getting some crazy
- 26:39data coming out about what is happening in the housing market.
- 26:43This is from the Kabisi. Letter.
- 26:46You know, they're one of my. Favorite.
- 26:48Sources for economic related news and this is breaking US
- 26:54home values saw month over month declines in 61% of the US
- 26:59counties in April. This percentage has.
- 27:01Tripled over the last. Few months according to
- 27:04Reventure outside of 2022. Such an elevated share.
- 27:09Was last seen during basically the Great Financial Crisis.
- 27:13However, the difference. Between 2022 and now.
- 27:17Is that the? Current housing inventory is 2
- 27:201/2 times higher, all while there are 30, almost 34.
- 27:24Percent more sellers. Than buyers the biggest
- 27:28difference in at least. A decade.
- 27:30Is the housing downturn about to begin?
- 27:33I think it. Is I think that.
- 27:37It minimum best case scenario for housing is that housing
- 27:42prices are going to remain the same for a while and that will
- 27:45have big inflation. So in nominal number terms,
- 27:49people's incomes will will you know, housing prices are here,
- 27:52incomes are here right now that housing prices will remain the
- 27:56same, but because of big inflation, incomes and.
- 27:59Wages will go up. That's what I suspect.
- 28:02Will happen over the next 10. Years we could see right, a real
- 28:06decrease. Also, we could see wages.
- 28:09Remain the same or maybe even go up and housing prices go down,
- 28:12but the housing market showing signs of weakness, showing signs
- 28:16of being sick is not a good sign.
- 28:19For the overall US. Economy and I mean, you know,
- 28:23it's about time. I don't know about.
- 28:25You right, a lot of you are younger than me.
- 28:28I'm 55 years old, but this is true for anybody.
- 28:31Who's trying to secure housing, and in particular for trying to
- 28:34buy housing prices are out of. Control.
- 28:36I can't believe. What they sell houses.
- 28:39For in my neighborhood, I'm like who are and and it's not, you
- 28:43know, I'd look, I live in Saint Louis.
- 28:44How compared to California? East Coast, it's cheap here, but
- 28:48even here. I'm like, what?
- 28:51Who's who's buying these places and where are they getting the
- 28:53money to do it? I mean, it's really quite crazy
- 28:57and that's why. A lot of you guys.
- 28:59You know, been the frustration that I think most.
- 29:02Americans feel maybe you're. One of the lucky ones.
- 29:04And if you are, congratulations. But most Americans are feeling
- 29:09like financial. Stress.
- 29:11Right now, what is it? I think like more than two.
- 29:13Thirds. Of people are living.
- 29:16Paycheck to paycheck, OK. That's.
- 29:19Not good credit card. Debt is through the.
- 29:23Roof. Student loan debt, car debt, you
- 29:25know all the. Debt.
- 29:27And then there's this other thing called buy now, pay later.
- 29:30Right. Which is hard really.
- 29:31For the statisticians to, to, to, to.
- 29:34Assimilate all together but it's like it's not credit card debt.
- 29:38It's you can buy now and pay later and people are now buy now
- 29:41pay. Never is what they're.
- 29:43Calling it right people that are using this once your credit.
- 29:47Cards are maxed out. You go to the buy now, pay later
- 29:50and they're jokingly calling it buy now.
- 29:52Pay never so. Lot of big massive change going
- 29:56on in our. World right now.
- 29:58Look, we are UFD. Focus.
- 30:00Let's bring it back to. UFD we are good, attracts good.
- 30:05Don't forget that. Guys, that is at our core.
- 30:08We are tokenizing. Is it real?
- 30:11I know it's. Real, right?
- 30:13Can you tokenize a community? Can you tokenize fairness?
- 30:18Can you? Can you tokenize honesty big
- 30:21one, the big big one. Can you tokenize integrity
- 30:25right? You guys look have.
- 30:27Acted with integrity from day. One, I have acted with integrity
- 30:31from day one. Nobody's perfect in this world.
- 30:33Nobody expects anybody. To be perfect, but.
- 30:36You know we may not. Know a lot about a lot of
- 30:38things, but we do know right from wrong and at the end of the
- 30:42day, this community will attract.
- 30:44More and more and. More and more good.
- 30:47People. I'm experiencing it the dusters
- 30:51that. I meet the people.
- 30:53That I. Interact with when I.
- 30:54Was in Las Vegas in real life, the people.
- 30:57That are the new. People that come it the the bar.
- 31:00Gets is rising. Higher and higher and nothing
- 31:04beats quality. Nothing beats quality.
- 31:08OK, we also. Have the quantity, no doubt
- 31:11about it. Right.
- 31:12But we when we have a community with people.
- 31:14Like Emma Bear. The Bean, Tony, the Rizz.
- 31:19And look, I can't say everybody's name.
- 31:21Please don't be offended. Look at yourself.
- 31:23You know, if you can look and you can think right now like I
- 31:26do, the right. Thing I'm an honest.
- 31:28Person. I don't RIP people off if you
- 31:30can say that your name's in there as well, OK, You matter.
- 31:35You make a different cause, Georgie.
- 31:40Oh, boy. Crypt.
- 31:41Wizard. I could go on and on.
- 31:43You know Saff, OH. Elizabeth Grace, I mean.
- 31:49And. Again, we are raising.
- 31:53The bar in. Crypto.
- 31:54That's why so many people. Are watching us that's.
- 31:56Why so many people look when I was in?
- 31:59At the Bitcoin conference. In Las Vegas, it was a Bitcoin
- 32:02conference 30,000. People.
- 32:04It was crazy, OK, and it wasn't. Like when I walked through the
- 32:09crowd the the. Seas were partying like, oh.
- 32:11There's Ron from Unicorn Fartos. No, and I didn't expect it.
- 32:15Right, but. People would come up to me over.
- 32:19And over and say hey. Ron, they would.
- 32:21All say basement Ron. I don't know why I thought it
- 32:23was Ron's basement. They'd say basement, Ron.
- 32:26But yeah, they're. Like we love you.
- 32:28We love UFDI. Mean I I will I.
- 32:31Will repeat the story. One more time.
- 32:33There were two guys they. Grabbed me as.
- 32:36I was walking through the big lobby, thousands of people and
- 32:41and they were like basement Ron and these were professional
- 32:44guys, right? They're like, we love you, We're
- 32:46part of your. We're part of we're.
- 32:48Dusters blah blah blah. And then as I talked to.
- 32:51Him and I spent like 20 minutes talking to him.
- 32:53Nicest guys. They work for one of.
- 32:55The. World's biggest financial
- 32:57services companies. One that you know, one that you
- 32:59recognize. I didn't ask their permission to
- 33:01say their company name, so I won't.
- 33:04But I can tell you, and I swear on everything in the world,
- 33:07everything that. That these.
- 33:10Guys work for. One of the biggest?
- 33:12And they're like, keep up the good work.
- 33:14Your community is awesome. OK, I heard that same thing over
- 33:18and over. That's you.
- 33:20Hello. Are you?
- 33:21There, right? Dusters diamond hood dust are.
- 33:25You hearing me? That's.
- 33:26You. That's you.
- 33:28Making a. Difference.
- 33:29In this world, that's you. Setting an.
- 33:32Example of what crypto? Can be in an.
- 33:35Environment where? Yeah, there's other great.
- 33:37Crypto projects, no doubt about it, but there's also been a.
- 33:40Lot of shenanigans that have gone on, so that's you making a.
- 33:45Difference in the world. OK, keep.
- 33:47Up the great work. Hey, don't forget.
- 33:49Let me. Where is it?
- 33:50Wrong finger. Don't forget.
- 33:52Right there. You see that hanging from the
- 33:53ceiling? Not the elephant.
- 33:55That's the elephant in the room for the United.
- 33:58States which is the national debt.
- 33:59That's not what I'm talking about, but don't forget if you
- 34:02want. To look at a cool.
- 34:03Way to store valuable. Things check out Dirty.
- 34:05Man safe. I got 1 hanging right there and
- 34:07you should be able to see it says Ron. 10 is the discount
- 34:10code. It's a great way to to.
- 34:12Save things and the. Ground, kind of like the pirates
- 34:14used to do. And people are still looking.
- 34:16For the Pirates treasures. But if it's the crypto an option
- 34:20right? People.
- 34:21Always want to write. That phrase thing down, I'm just
- 34:24saying, you know, storing it in the ground is is something that
- 34:28you you could consider. So.
- 34:30All right, guys. Have a great day.
- 34:33Thank you for being here. Thanks for being part of the
- 34:35basement and I'll see you soon. Bye bye.