Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / This Only happens ONCE - $UFD
Transcript
- 0:00Things to talk about today and some very important things, but
- 0:03first I just want to say to you, the Duster community, yes, you
- 0:07right, it's a big deal when you're here, but it's also a
- 0:11very big deal that we realize that what we are doing is
- 0:15working Yes, the crypto market will go up and down.
- 0:19We've been through well, it's the only bear market that I've
- 0:22ever been through in crypto. So the worst bear market that
- 0:25I've ever been through in crypto.
- 0:27It feels like we're starting to emerge, but we are.
- 0:30They're going to have bumps and challenges and make sure we got
- 0:34all our tech working here. We will make it through.
- 0:37It's not going to be a straight ride up, but it's so important,
- 0:41right? And there's a big reason why
- 0:43this is important, that you take stock of what we have
- 0:47accomplished. We can look at all kinds of
- 0:49numbers. Social dominance, yes, it's
- 0:51going to go up and down. The the price of the of our, of
- 0:55our beans, our coins, it's going to go up and down.
- 0:57But the big deal is that over a long period of time #1 we've
- 1:02proven that we're not going anywhere and #2 that our trend
- 1:07is up and up and up. We really are in a situation, a
- 1:11very unique situation in the history of the universe, where
- 1:15we can determine our own destiny together.
- 1:19We are in control. The people.
- 1:22Yeah, that's you. That's me, that's our community
- 1:25has the power. There's only one UFD.
- 1:28It's a special situation. Let's go out.
- 1:30I'm all off track now, but let's go take a look at this post I
- 1:34thought was great. Well, then we'll come back to
- 1:36this one. But this was from our friend
- 1:40Mason UFD. And Mason said, right, UFD is
- 1:45the next UFD. There's never been anything like
- 1:49it and there will never be anything like it.
- 1:52It's in a league of its own, guys, it's true.
- 1:55There is only one UFD. There's only one you.
- 1:59You make up. You're a node.
- 2:02I was talking with men yesterday and he's like, he agreed.
- 2:04That's the word he likes as well.
- 2:06We're all nodes on this big interconnected matrix network
- 2:11that makes up this powerful nucleus, which truly is UFD.
- 2:15OK. And we are special.
- 2:17We have digital scarcity. There's only one Unicorn fart
- 2:22dust. You're part of history in the
- 2:23making. Doesn't that make your horn
- 2:26tingle? Thanks.
- 2:28Thanks for reminding me. I didn't say it.
- 2:30Mason said it. Susie gets on my case for saying
- 2:32that Too much. Is your horn tingling?
- 2:34Dusters right? Through the good days, through
- 2:36the bad days, through the average days, through all the
- 2:39days. Our horns tangle.
- 2:42And we have a very, very special situation on our hands right
- 2:45now. Let me go back to that.
- 2:46There was something he said that made me your part of history in
- 2:50the making. Doesn't that make your horn
- 2:52tingle? Well, you know, we are digital
- 2:55scarcity. We are the one and only they
- 2:58can. There's going to be imitators.
- 3:00There's going to be people that try to replicate what we've
- 3:03done. And that's OK.
- 3:05That's a big compliment #1 and #2 that spreads even more good
- 3:11within the crypto world. So keep up the great work.
- 3:13Couple announcements. Tomorrow morning at 8, AMI will
- 3:16have Resilient Jack Duster. That's Saturday at 8:00 AM
- 3:20central time. Resilient Jack, I believe he's
- 3:23somewhere over in Europe. I'll let him disclose exactly
- 3:27where he is tomorrow if he so chooses to do so.
- 3:30But that's this guy, and he's got some big ideas about a
- 3:33social media push for Sun. I have an idea.
- 3:39This was actually brought to me by CT Dong, a hardcore Raider
- 3:43from the community. So this Sunday I'm thinking that
- 3:47we are going to beat Ford coin in social dominance and we're
- 3:50going to stay there for like a day or two.
- 3:53So this Sunday, the 3rd of August, I'm telling my wife that
- 3:58I want the whole day. I'm going to retweet, I'm going
- 4:01to post, I'm going to like I'm going to smash, I'm going to
- 4:02raid. My horn is going to be like so
- 4:06if you want to come along with me together and beat Ford Coin
- 4:08on Sunday the 3rd of August, you're more than welcome.
- 4:11Right in the comment section if you're down.
- 4:14You'll be on tomorrow at 8:00 AM.
- 4:17Saturday, 8:00 AM Central. Yo, what's up?
- 4:23That's there. What's up?
- 4:24Yes, there's all right. So look for that.
- 4:26Today at 11 AM, I will be on with Frankie Lapena from
- 4:32Gatcoin. Remember, Frankie's a guy who
- 4:34has like 6,000,000 followers on YouTube.
- 4:37I think it is millions of followers on TikTok, millions of
- 4:41followers on Instagram. He's like an Internet star.
- 4:44He's the founder of Gatcoin. I will be on with him at 12 noon
- 4:49Eastern, which is 11:00 AM Central time today.
- 4:53And I pin this, I pinned this tweet to my profile.
- 5:00He will be on Pump Fun, will be on Pump Fun.
- 5:02So that'll be interesting. That'll be my first live stream
- 5:06that I participate on the Pump Fun network.
- 5:08And we all know that Unicorn Fart Dust was birthed on Pump
- 5:12Fun. So should be a lot of fun with
- 5:14Frankie. What a great guy you know, I met
- 5:18him live in Vegas. He was on our live stream.
- 5:20We are friends with the GAT coin community.
- 5:22We are friends with the APU community.
- 5:24We are friends with the SPX 6900 community.
- 5:28We're going to be friends with all the good communities, the
- 5:30Pengu community, all of them OK, because the good communities
- 5:35seem to be not officially, but on some level coming together
- 5:39right the the the the communities that will attract
- 5:42more and more good people into crypto.
- 5:46All right, so Frankie La Pena, 11 AM central.
- 5:49There's a link. There's a pin tweet in my
- 5:52profile. I can't keep all these terms
- 5:54straight, right? I'm doxed.
- 5:56I'm I'm wala hala, all that great stuff.
- 6:00OK, All right, OK, this is interesting.
- 6:04People will be able to hit me up like Ron like what what we are
- 6:07doing here within UFD is 100% community driven.
- 6:11And I get this question from people in in the crypto world
- 6:14from time to time. Like why do you leave everything
- 6:17open source? Why is UFD open source?
- 6:19And what I mean by that is we encourage people them do their
- 6:23own art. We encourage people to make
- 6:25their own NFT projects. We encourage people to create
- 6:29merch, whatever they want to do, right?
- 6:31We are working on official IP, but it will be available to the
- 6:36community as well. But people ask why and why and I
- 6:39finally was able to put it in words and it's very powerful in
- 6:43regard to what we are doing right now in this community.
- 6:48I'm going to share with you. This is from my private notes.
- 6:52Hold on here, here we go. Sure, we got that up.
- 6:56Here's what I wrote. Unicorn Fart Dust is open source
- 7:01because we do not want to limit the utility that the community
- 7:06can create. We want to make it wide open.
- 7:09We want you to know this is decentralized.
- 7:12You are in control, you have the power, you can create things.
- 7:16People bring ideas to the community all the time if the
- 7:19community supports it, right? And the community is very
- 7:22intelligent as a whole, all of us together, intelligent
- 7:26individually as well, right? These projects take root and
- 7:29take hold massively successful projects.
- 7:32So we don't want to limit the utility that we can create in
- 7:36the community by, by not making things open source.
- 7:40And we do it because the community is unlimited and that
- 7:44makes the utility unlimited. Ultimately, and this was the
- 7:48powerful thing that came to me, all utility, anything that's
- 7:53created on any of these utility coins or any, any type of value
- 7:58or utility that's created originates with people and the
- 8:03people created Unicorn fart dust.
- 8:06Guys, we have so much power. We have such a gift on our hands
- 8:10right now. Do you realize that?
- 8:12Is your horn tingling? It's the gift of the blockchain.
- 8:16It's the gift of crypto. When I was talking with Min
- 8:19yesterday, he asked me, what's 1 of the big things you learned?
- 8:22One of the big things I learned is the the framework that was
- 8:26set up by the original founders of the blockchain.
- 8:29And crypto is a gift to us, the people.
- 8:33We can't be dumb. I'm sorry, but we can't
- 8:37including me and not realize how powerful this opportunity is.
- 8:42It's a fair and level playing field.
- 8:44Everybody sits around and says, oh, things aren't fair.
- 8:48Well, and look, I'm just, I'm like, I can go on a pity party,
- 8:51the pity pot, right? No, things aren't fair.
- 8:55Life's hard. Everything's stacked against me.
- 8:59Oh no, it's not. This is Unicorn fart dust.
- 9:03It's fair. The the bottom line, the
- 9:07framework that it's built upon is fairness.
- 9:09It's the blockchain, it's crypto.
- 9:11And then us as a community, because we make the choice every
- 9:16single day to do the right thing, to be fair, to be honest,
- 9:20to have integrity, OK, to do the right thing when there's a devil
- 9:24on one shoulder and an Angel on the other.
- 9:27We're not saying we're perfect, right?
- 9:28Nobody is. But we've proven a assistant
- 9:31track record of being reliable, of being safe, of being good.
- 9:37Good attracts good, OK. And it's working.
- 9:40I don't talk about good attracts good enough anymore.
- 9:44Maybe because we're just doing it.
- 9:46You don't need to talk about it. Talk's cheap.
- 9:49All right, I'm down here blabbing away.
- 9:51Talk. Doesn't matter what I say.
- 9:53I could say, OK, I'm going to do this.
- 9:55I'm going to do that. We're going to.
- 9:56We're going to know what have we done?
- 10:00What are we doing right now? What did we do yesterday and the
- 10:04day before? What are we doing today?
- 10:06And I ask you, my friends, what are we going to do tomorrow?
- 10:10We're going to keep doing the right thing.
- 10:12We're going to keep proving to the world, which is a massive
- 10:16opportunity of butter cups. You talk about buttercup heaven.
- 10:20Imagine a dream where we wake up and just all around us are
- 10:23butter cups. We're in a field of butter cups.
- 10:26There are so many people in the world, only like 7% of the
- 10:29world's population owns crypto and crypto.
- 10:31We are in the leading edge and we're doing it right.
- 10:35And we're we're doing this unbelievable thing.
- 10:38It's unbelievable what's going on right now.
- 10:41I'm in my basement in the Midwest.
- 10:44You are, where are you? I ask you that question.
- 10:47And by the way, I'm glad you're here.
- 10:49And by the way, retweet this so we can get more people get the
- 10:53word out. Go on YouTube.
- 10:55YouTube. Yeah, I know I'm in all my
- 10:58YouTube's huge. You know, YouTube is the
- 11:00biggest, like, media platform in the world, the biggest
- 11:03advertising plant. I don't know all these crazy
- 11:05statistics. You know how many butter cups
- 11:07are on YouTube? Why don't you go out and
- 11:09subscribe to our YouTube channel?
- 11:12That would help. OK.
- 11:14But the fact that we're doing this, we are, we are on the
- 11:17leading edge. Congratulations.
- 11:19You, my friend, are a pioneer. We're like the people that got
- 11:23in the covered wagons and went out West back in the 1800s or
- 11:27whenever the heck they did it, you know, fought off the, you
- 11:31know, whatever, right? I mean, dealt with all kinds of
- 11:34crazy challenges. That's what we're doing right
- 11:37now. I'm in my basement.
- 11:39You are where you are. We are connected.
- 11:42We couldn't do this 20 years ago.
- 11:44That alone is crazy. I want you to think about that.
- 11:49I'm older, as you very well may know, 55 years old.
- 11:52Some people call me the boomer dev, but I'm not officially a
- 11:55boomer. I'm an almost boomer.
- 11:58When I was 25, when I was 30, the idea that I would be in my
- 12:03basement able to broadcast to you us, get together, you be in
- 12:08the basement with me was beyond imagination.
- 12:12If you told me this, what was 25 years ago?
- 12:15Oh, that's easy. That was the year 2000.
- 12:20I have a degree in accounting. I worked for a BIG4 accounting
- 12:23firm. Anyway, that's crazy enough.
- 12:27But now we're even on the we are on the leading edge of the
- 12:30bleeding edge. We are in web three.
- 12:33We are building something in crypto.
- 12:36We are building something of value.
- 12:39We are showing the community togetherness, fun people.
- 12:43Look, guys, here's the deal. Look, nobody knows this.
- 12:47Most people can't grasp this concept.
- 12:51Let me watch CNN, right? No, you're smart.
- 12:55We are creating value. People don't realize.
- 12:59Take a step back and think about it.
- 13:01Are people willing to pay money to go to to go to comedy shows?
- 13:05Welcome to Ron's basement comedy show.
- 13:07Are people willing to pay money to go to the movies?
- 13:10Are people willing to pay money to go watch sport events?
- 13:13Are people, people are willing. There's value in fun.
- 13:17There's value in community. Are people willing to pay money
- 13:20to join clubs of all sorts around the world?
- 13:23Heck, yes, they are. You know, they've annual dues, I
- 13:27think, don't they? Like the Lions Club and the
- 13:30Rotary Club and whatever all these clubs are in the world.
- 13:34We are doing that and we are doing it in the most efficient
- 13:37and effective way. And the cherry on top of the
- 13:42buttercup. Buttercup.
- 13:44What are those things? Cupcakes.
- 13:47Oh, we have a new word. Cupcake, right?
- 13:49Is we're doing it with good. All right, let's hey, cracking,
- 13:53cracking. I'm sorry, I'm not an Instagram
- 13:56expert yet, but apparently our friends at Kraken put out this.
- 14:03Our friend connector who does a lot for the community has a
- 14:06post. Thank you.
- 14:07Crafting XFX for this clever real.
- 14:10So I believe that's on Instagram.
- 14:13Yeah. Very soon everybody will
- 14:14recognize the three, three symbols of Unicorn fart dust.
- 14:18Go out to Instagram, watch this, share it.
- 14:21Let's get the word out to more and more people.
- 14:23That's cracking, right? A tier one exchange.
- 14:27We got some cool art that we're going to look at here from our
- 14:30friend Bruvik. As you know, last weekend I was
- 14:34on Pontalk with Blue BLEW. He's an awesome guy.
- 14:38He's part of the APU community. He put out a call for a a
- 14:42collaborative art contest. And Bruvik, who does a lot for
- 14:45our community, a lot, a lot of art for a lot of the
- 14:47communities, put this together. Let me pull this up full screen
- 14:52if I can do that. There we go.
- 14:53Look at that. Isn't that absolutely beautiful?
- 15:00It really is cool. So thank you for Vic for doing
- 15:03that. And not next.
- 15:06We've got a new video that came out.
- 15:07This is about two minutes long. It's a nice epic journey from
- 15:11exit the Matrix. What does conviction mean to
- 15:13you? What about community?
- 15:15To me it's simple UFD Come take a journey to a land where
- 15:19conviction rules the the day. Images and theme inspired by UFD
- 15:25Corral, our friend UFD Corral and let's get this up full
- 15:29screen and see if we the power. Wasn't there was a darkness in
- 15:36the air? Castle UFD was besieged by it's
- 15:40presence. We must investigate.
- 15:43This dark aura smells like a pull back to me.
- 15:48Leave it to me. Leave it to me, Faith.
- 15:54And shadows, fear, uncertainty, death.
- 15:58Your. Conviction is lacking.
- 16:01You perish. The Unicorn warrior will fight
- 16:09another TIE. UFD spirit remains strong.
- 16:20We must protect the magic. We must protect the measure.
- 16:22That's you. Duster shall not see.
- 16:28You. No.
- 16:35Dark blood creature never had a chance against the Unicorn
- 16:38Knight's Blade. Conviction won the day.
- 16:42Conviction and power of UFD. Thank you for saving me and for
- 16:47the magic beans. Don't forget to retweet.
- 16:49Smells like UFD. A little cheat Unicorn.
- 16:54To never allow. Does.
- 16:56Root again the light shone upon the UFD castle once more.
- 17:01An emperor, Rontoshi returned. Emperor Rontoshi.
- 17:05UFD good attracts good. OK, I'm back with you now.
- 17:13Oh, hold on here. No, I'm not.
- 17:15A little technical issue occurring.
- 17:18Here we go now. Now we're back.
- 17:22Emperor Rontoshi. That's a big one.
- 17:25That's a lot of, that's a lot of shoes to fill.
- 17:28What a great video. We're creating more and more
- 17:31value every day through our art, through the videos, through
- 17:34everything else. It's working.
- 17:36OK, it's working. It's working.
- 17:38Don't forget something very powerful about UFDA.
- 17:42Big potential that we have. I'm going to give you the reason
- 17:46why right now. The further we go along the
- 17:49road, I know what I'm reaching for.
- 17:51You know what I'm reaching for. The further we go along the
- 17:55road, the closer we come day by day by day.
- 18:01Look up the Lindy effect. It's a scientifically proven
- 18:04fact. Any movement, any community, the
- 18:07longer it goes, typically speaking, the more powerful it
- 18:11becomes. This jug represents every single
- 18:14UFD bean that has ever been created.
- 18:17This plastic jug, I can't make it any bigger.
- 18:20I can blow in it. I could put some Unicorn fart
- 18:23dust in it. Nothing's going to make it
- 18:25bigger. As you can see, we have 999
- 18:28million beans every single day that you show up, Every single
- 18:32day that we hope we gain a new holder.
- 18:35Imagine beans dropping in here every day, and those beans
- 18:39represent the diamond hoof dusters within our community.
- 18:42The closer we get, the community is growing.
- 18:47OK, the community of diamond hoof dusters is growing.
- 18:51The number of coins, the number of beans is fixed, OK.
- 18:56We talk about being the horniest community, Unicorn horn,
- 18:59horniest community on the Internet, which makes us able to
- 19:02reproduce at a faster rate. This has been neutered.
- 19:06This got fixed, OK, and it is fixed.
- 19:09Don't forget that. That is so powerful because
- 19:12every single day as we add the beans to the jug and some days
- 19:16it doesn't feel like it. I understand all right look
- 19:19guys, you know what a long term journey is going to be filled
- 19:24with a lot of highs, a lot of lows, a lot of in betweens.
- 19:27That's just the way life works and that's cool that's good.
- 19:31Let me tell you something. Let me give you a little life
- 19:33lesson, and I had to learn this one the hard way, 'cause you
- 19:36know, look, I'm 55 years old. I've been, of course, through a
- 19:40lots of ups and downs in my Life, OK?
- 19:43But the point when you get somewhere where you don't feel
- 19:46like it anymore, where you're going to give up, everybody
- 19:50experiences that. That's part of life, whether
- 19:52we're talking about you in school, you doing a business,
- 19:56you doing a home improvement project, no matter what it is,
- 20:00that's just natural, that's normal.
- 20:02Things are generally fun at the beginning and then you hit a
- 20:06period where it's not maybe so much of adrenaline.
- 20:10Excitement OK, but if you have still maintained the long term
- 20:15goal, that point is the critical point that you just need to work
- 20:20through. And when you do, you probably
- 20:22have seen that graphic right of the guy digging, digging,
- 20:24digging in a mine and he's like, finally he just like, I'm going
- 20:28to give up. But just on the other side of
- 20:31the of the next little layer of rock is a big pile of gold, OK?
- 20:35That's what it takes. You can be grateful.
- 20:37Look, think about this. This is powerful.
- 20:40When you hit those periods where you want to give up or you're
- 20:43burnt out or, oh, this is whatever in life, and I'm UFD,
- 20:47we ain't ever given up. We know that, OK, But I'm just
- 20:49saying in general, those periods are good.
- 20:53You can look at it in a good way, 'cause that's when the
- 20:55quitters quit. That's when your competition
- 20:58goes away. Even with UFD, we can look at it
- 21:01that way. Look, there's 12 million meme
- 21:03coins out there in the world or more for that matter, right?
- 21:07And sure, there's a lot of excitement that's generated
- 21:10among some of the very beginning, but then the most of
- 21:12them give up, right? We don't give up.
- 21:15That's what has set us apart. That's what will continue to set
- 21:18us apart. And is this jug fills and
- 21:21there's only 999 beans eventually.
- 21:26Come on, UFD, right? We're doing it.
- 21:29This is real. And it's not just real, it's
- 21:32good and it's fair. It's that opportunity that we've
- 21:35all been waiting for. OK, sorry, right.
- 21:39We can't complain that it's not a fair shot.
- 21:41We got our fair shot and we are not going to never, ever, ever.
- 21:50OK, What else is going out there in the world right now?
- 21:54Let's just talk about some big macroeconomic things going on.
- 21:58the Fed that was a big deal earlier in the week that was
- 22:02kind of a created a headwind for the world of crypto when the Fed
- 22:06came out and nobody expected them to lower rates.
- 22:10But the feeling from them was that things were kind of
- 22:14hawkish. That means that they're going to
- 22:16be more tight with monetary policy.
- 22:18Don't worry. At the end of the day, the
- 22:21dollar, the paper dollar, because of the situation that
- 22:24our government has put us in, will only continue to go down in
- 22:28real value unless we have an economic miracle or suddenly,
- 22:33right, the United States decides to become very frugal, very
- 22:37tight with their money. And none of that is going to
- 22:39happen. So as you absorb all this noise
- 22:42out there about the Federal Reserve and interest rates and
- 22:46Trump and tariffs and everything else, look, I'll make it really
- 22:49when you distill it down to the facts, the, the, the simple fact
- 22:54is there's really nothing that can stop the US dollar.
- 22:59Unfortunately. Look, I'm a I'm a patriot.
- 23:01I love what our original founding fathers.
- 23:04I'm telling you, the founding fathers of this country would
- 23:06love crypto, but there's nothing that's going to stop our dollar
- 23:11from going down more in value. Let's look at a couple quick
- 23:14headlines that we got this week. This one came from zero hedge
- 23:20the most divided. So what I want to what I want to
- 23:25to emphasize for you is that while things look OK on the
- 23:28surface for the US economy, when you look under the hood, there's
- 23:32a lot of trouble under the hood of the of the US economy.
- 23:37OK, so we have the most divided Fed in 32 years refusing to cut
- 23:41rates again. Let's go take a look at the US
- 23:45dollar index. We've been keeping a close eye
- 23:48on this. This is the DXY index.
- 23:51This is like the, you know, the I, I can't, for lack of a better
- 23:55way to describe it. It's the prettiest turd in the
- 23:59toilet contest. OK.
- 24:00This compares the dollar to a basket of other currencies like
- 24:04the Japanese yen, the euro, I think the Swiss franc, maybe
- 24:08even the British pound. And we are down big today.
- 24:12Wow. Now we're down big today because
- 24:15the jobs numbers came out. Let me and we're going to get to
- 24:18that in one second and I'll tell you why that's important.
- 24:21So when the jobs numbers came out and they were bad, that
- 24:24increases the odds of a rate cut, which made the dollar.
- 24:27That's a massive move in the DXY index.
- 24:31And remember this guys, we were watching very closely.
- 24:36You want to get technical? I can get technical with you.
- 24:39This DXY index. And as we can see right here, we
- 24:43circle this first. That's 100.
- 24:46And again, today we're about 99. But if we draw a line, this is a
- 24:51chart that goes back what, 40 years at the 100 level, you can
- 24:57see, right? If you look at the 100 level,
- 25:01we've broken below that number one.
- 25:03But #2 and what in the lower we go down here, the better that
- 25:07will be for crypto, the better that will be for any non Fiat
- 25:11based investment tool, crypto, gold and silver, land, oil,
- 25:17whatever. But it's not uncalled for that
- 25:20we go way below there. As you can see, really we were
- 25:22just barely above it for this period of time.
- 25:26I don't know, maybe the last. What was that?
- 25:28Three years? We had this period here back in
- 25:32O one time frame and then a little bit back here.
- 25:36But the vast majority of the time we're down here below 100.
- 25:41So we're going to keep a close eye on that.
- 25:43That's the DXY index. Again, that's like the best
- 25:47horse in the horse factory. There's all types of analogies.
- 25:50Sorry, I used one that was toilet oriented earlier.
- 25:52I apologize for that. And next we're going to go look.
- 25:56We're going to look at the odds of a rate cut and see how they
- 25:59may have changed today. But first, before we do that,
- 26:02let's say hello to us again. Don't forget, please retweet
- 26:06this, go on YouTube, subscribe to our YouTube channel, Unicorn
- 26:11Fart Dust. It's got a big pink banner.
- 26:13I think my face is on there. It's very important.
- 26:16And most importantly, we love her.
- 26:19She's the queen of UFD. She's the woman behind the
- 26:22scenes. It's upstairs.
- 26:24Susie. Let's check with her and see if
- 26:26there's anything that I'm forgetting to do, which I'm sure
- 26:28there is. Hey, Susie, are you there Over?
- 26:37Susie, I think you forgot to turn your walkie-talkie on.
- 26:44Oh, well, thanks a lot, Susie. Oh, OK.
- 26:49Susie's, you want you to say hi to everybody real loud.
- 26:53OK, You probably can't hear that.
- 26:54Susie's temporarily unlocked the door and said hello.
- 26:59And the other important thing for us to remember, Trump equals
- 27:02volatility. OK, we're in kind of this.
- 27:05The stock market's at an all time high.
- 27:07Everything's rosy in the economy, guys.
- 27:10Trump. And I'm not a political
- 27:12statement at all. I never get political ever.
- 27:14Never have on any of my channels, never will.
- 27:17But let's take a step back and look at Trump.
- 27:21I mean, it's plain as day. I don't have to give examples.
- 27:24Trump is volatility. Trump is drama, all right.
- 27:28There's always a lot of drama surrounding Trump lawsuits,
- 27:31this, that, the other, a lot of things that are said, Somebody
- 27:35said this the other day. It's become more of a Trump
- 27:38driven market than it has a Fed driven market.
- 27:41It used to be guys. For those who aren't around
- 27:43that, like 2 years ago, the Fed monetary policy decision, like
- 27:49we got a that would drive the markets massively, but now it's
- 27:54become more of a Trump driven market.
- 27:56Oh, let's go out and take a look at this, the news today because
- 28:00this is interesting. Here we are we're at CNBC right
- 28:07now and as we can see we'll go and look at the crypto prices
- 28:11and the precious metals prices here in a second but big story.
- 28:15the United States added just 73,000 jobs in July and numbers
- 28:19for prior months were revised much lower.
- 28:22So apparently the jobs number came in we're going to we'll
- 28:25we'll click on this lower than expected, but also right, which
- 28:30they always have done over the years.
- 28:33They always go back and revise the previous previous, previous
- 28:37are easy for me to say months numbers much lower.
- 28:41There's Rick Santelli, I like him.
- 28:43Job growth added total. Here we go.
- 28:46Let's let's read this job growth.
- 28:49Job growth totaled 73,000 jobs for the month, above the above
- 28:55the June total of 14,000, but below even the meager Dow Jones
- 29:00estimate of 100,000. Wow, so it really under under
- 29:05performed. June and May totals were revised
- 29:08sharply lower down by a combined 258,000 jobs from the previous.
- 29:17So when they here's the deal, a month ago they announced the
- 29:22June jobs numbers. OK, a month before that they
- 29:26announced the May jobs numbers. What they're basically saying is
- 29:29those numbers were over, over reported by almost a / 1/4 of a
- 29:36million jobs. So there were a quarter of a
- 29:38million make believe jobs that were reported.
- 29:42That is insane. That is crazy.
- 29:44Look, I used to talk about this a lot more on my on my precious
- 29:50metals, Ron's basement live streams all the time.
- 29:53But it's insane how they can report these numbers and then a
- 29:57month later go back and kind of quietly say, oh, last month's
- 30:00numbers were wrong, but 1/4 of a million, right?
- 30:04What about all those people? Did they get this?
- 30:06Did they get the cash make there were make believe jobs?
- 30:09Did they get the cash make believe paychecks?
- 30:12I mean, it's absolutely crazy. OK, absolutely crazy.
- 30:16Let's go look at the odds of a rate cut in September.
- 30:23So the next Fed meeting will be in September and let's share
- 30:28this. OK, we'll do a refresh.
- 30:34OK. So the next Fed meeting is now
- 30:38going to be in September. They've not updated their little
- 30:40ticker there yet, but I think it's about 6:00 or seven weeks
- 30:43away. And OK, so here we are.
- 30:48All right, hold on here guys. Here we go.
- 30:57So this let's make sure we got the September meeting, which we
- 31:00do. You can see that's highlighted
- 31:02right here. We'll click it again just to
- 31:04make sure. OK, so in September we are
- 31:08looking at this right? Here's the current rate, 4.25.
- 31:13There's now an 82% chance that they will cut rates at the next
- 31:19meeting and only an 18% chance, OK, as you can see down here
- 31:24that the rates will remain the same, 80% chance that rates will
- 31:28get cut by 1/4 point. So it's going to be interesting.
- 31:31I want to keep you, keep everybody up to speed on kind of
- 31:34the big macro news. But here's the reality.
- 31:37I want you to think about this. Yeah, I know on the surface
- 31:40everything in the US economy looks great.
- 31:45And hey, I live here and I love this country, no doubt about it.
- 31:49It is the land of opportunity despite our relative to most
- 31:54other places in the world. So sorry I'm losing my voice,
- 32:01but but I am very worried about what's going on under the hood.
- 32:08I want to ask you a question, OK, If I came to you and said,
- 32:12hey, here's my situation with Susie and I and this is not our
- 32:16situation gratefully, but it is the situation for a lot of other
- 32:20Americans. If I told you that, hey, look,
- 32:22everything in our life is great. We've got a new, you know, Chevy
- 32:26Tahoe in the driveway. We had this beautiful 5 bedroom
- 32:30home. We're going on the cruise with
- 32:32the family next month. My kids going to go to, you
- 32:36know, XYZ University we're doing look at our life.
- 32:39It's so great. But then I told you that under
- 32:43the hood, oh what? You know, we've got a $690,000
- 32:47mortgage on our house and we've got 100,000 in credit card debt.
- 32:51We've got 80,000 in car debt. My kids going to have 190,000 in
- 32:57in college debt if you get my point.
- 33:00Like on the surface everything can look OK 'cause what you
- 33:03would tell me is oh and by the way, my incomes about, I don't
- 33:07know, 90,000 a year you'd say. Yeah, on the surface everything
- 33:11looks great. But when you look under the hood
- 33:14with all that debt, it's not sustainable.
- 33:17And I hate to have to say this, but that's exactly what's going
- 33:20on in our country right now. And don't you think for a second
- 33:24I'll warn you, this is my opinion.
- 33:26I don't have a crystal ball and as normal, I forgot, I tell you,
- 33:29I'm not a financial advisor. Don't buy or sell anything based
- 33:33on what I'm saying. But we are, it's like
- 33:36mathematically impossible that we aren't going to head for some
- 33:39very challenging economic times in this country.
- 33:43And, and, and the net of it is going to be right now for the
- 33:47next three, what, 3 1/2 years. We have a president, not a
- 33:51political statement, but we do have a president who has a
- 33:53record of loving debt throughout his entire life and he even
- 33:58claiming bankruptcy a number of times.
- 34:01So to think that that, that, that our leadership in this
- 34:05country is not going to, is not going to devalue the US dollar.
- 34:11Trump said it himself. I had a darn it, I had a, a
- 34:14thing that I was going to share. But anyway, he recently said
- 34:17that he wants a weak dollar that's good for our economy,
- 34:21quote UN quote. OK, so be prepared guys.
- 34:24The, the, the, the reality is this they can make as many
- 34:28dollars as they want and they've proven that you know the
- 34:32statistics about the number of dollars that were printed during
- 34:35the C-19 crisis. They can't print more Bitcoin a
- 34:41little bit can be mined. They can't make more Unicorn
- 34:44fart does we are finite. We are fixed.
- 34:47Our number of our our ability to reproduce more Unicorn fart desk
- 34:52coins has been neutered. They can't make more silver.
- 34:57They can't make more gold. OK, and remember, look, but
- 35:02before I started Unicorn Fart Dust, all I talked about was
- 35:05silver and gold. OK?
- 35:06I still love silver and gold. I still put out content on Ron's
- 35:10basement for silver and gold. You can't make the things you
- 35:13can't make more of are going to become more valued as measured
- 35:19in U.S. dollars. This is going on throughout
- 35:22history for thousands of years. OK, That's why people love gold
- 35:27and silver. Before there was crypto, all
- 35:29they had was gold and silver. And again, I still love gold and
- 35:32silver. I still make content about gold
- 35:34and silver. But now there's crypto, which is
- 35:37another option. And anything that's measured in
- 35:40U.S. dollars as the dollar goes down in real value.
- 35:44That DXY thing I showed you earlier is kind of it's like 3
- 35:48guys jumping off the top of the Empire State Building and
- 35:51looking at each other and saying, hey, you're falling
- 35:53faster than me, right? They're all kind of headed for
- 35:56the the same ultimate the demise at the end of their fall, things
- 36:02that are things that are finite in nature.
- 36:05All right. And on top of that, all the
- 36:06great things that we're doing here in UFDI believe.
- 36:09Oh, don't forget, I'm not a financial advisor.
- 36:12Don't make any financial decisions based on anything that
- 36:14I may or may not have said to you today.
- 36:18But I think there's a bright, bright, bright, bright, bright
- 36:21future. Thanks for joining me.
- 36:23OK, Be good to yourself please. That's number one.
- 36:26That'll give you a platform from which to be good to other
- 36:29people. Have a great day.
- 36:31Let's go UFD. OK guys, we are on a long term
- 36:37journey together, decades. All right, let's keep it up.
- 36:41Keep up the great work, OK? It's working.
- 36:44It will continue to work and we will continue to thrive as a
- 36:48community. Take care.