Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 REASONS Why 🚨 -- What THIS Means for YOU & UFD!

Transcript

🚨 REASONS Why 🚨 -- What THIS Means for YOU & UFD! · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:32
Hey guys, welcome to the live stream, welcome to the basement,
0:36
$250,000 Bitcoin. We're going to talk about why
0:40
that can happen, why Robert Kiyosaki is predicting that, but
0:44
more importantly, what does that mean for Unicorn Fart dust?
0:48
But first I got to tell you something #1.
0:51
What are you doing in my basement?
0:53
Who let you down here? I'm sorry I was late.
0:56
It's a big deal that you're here.
0:57
It's a big deal when you join. We are community, we are family.
1:01
Thank you for being here. Please repost this, go to
1:04
YouTube, subscribe to our Unicorn fart test YouTube
1:08
channel. But most importantly.
1:10
Horns up, dusters. Man, we got a lot of fun things
1:14
to cover today. Let's dig in right now and get
1:17
started. First, you are hardcore.
1:20
OK, It dawned on me last night, I'm looking over this Operation
1:24
Bean base thing. I'm looking at the post that you
1:27
guys are putting out there. This is a very hardcore and I
1:31
mean that as a big compliment to us.
1:34
We are a hardcore, very dedicated, very committed
1:39
community. May I say herd horns up dusters.
1:44
Let's go take a look at what's going on with Operation Bean
1:47
base because we got a lot to talk about this morning.
1:50
This comes from Emma Bowl. She says Operation Bean base.
1:53
Not for those of you who don't know, that was a contest that we
1:56
had where we are getting the attention of Coinbase.
1:59
That's where we want to be listed next.
2:02
So organically within the community, we had a big massive
2:06
contest going on and everyone, you just blew it out of the
2:09
water. That's what I mean.
2:10
This was like hardcore participation on behalf of the
2:15
UFD community, Emma says. And, and thank you to Emma
2:18
because she created this, she administered it, and she really
2:22
deserves a lot of credit for all the hard work that she put into
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it. Emma Bull says Operation Bean
2:28
Base has been one of the best contest that I've run in terms
2:32
of value to Unicorn Fartis. I think the contest for the
2:35
Ledger competition were more important, but in terms of
2:39
seeing the community have fun, this has been one of the best.
2:43
Now let's go to this next post from Emma where she kind of
2:47
recaps over the last several months the number of beans that
2:51
we've given out in contest. She said with Operation Bean
2:53
Bean Base coming to a close, I just wanted to take a moment to
2:57
reflect on the contest we've hosted.
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OK, we had 5000 beans. Remember the Ledger contest
3:03
round 118 thousand beans given away.
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Ledger round 300,000 beans for Beanie Bud Buddies, 9000 for
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Roaring Kitty, and 23,000 for Operation Bean Base.
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That's the total of 155,000 beans.
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More importantly, I want to point out all the great contest
3:21
that we've had, and I know that Emma, Crypt Wizard, a number of
3:24
other people have been, had been, let's just say, very
3:29
involved in creating these contest #1 but also
3:33
administering them. It is a lot more work than you
3:35
might imagine guys. Anyway, at today's price or at
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at UF DS, I'm sorry, previous all time high, that's $65,500
3:45
worth of beans that have been given away.
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And at a $1 billion market cap, that would be $155,000 worth of
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UFD. OK, let's go to the next one
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here. I'm not involved at all.
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I need to tell you guys something.
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I sometimes show some of these entries, but I need to make it
4:08
very clear, I am not involved at all in the judging.
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There's just certain ones that pop up that caught my eye in
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this one from our friend Ivan. Let's, let's look at this entry
4:19
because it is a real doozy. All right, and hold on here,
4:26
let's see if this works today. Those.
4:48
All my money. I.
5:38
Love it. Let me come back to you guys.
5:42
OK? Do you agree with me that we
5:43
have a very hardcore community at Unicorn Fart Dust?
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So I ask you, this is a special message for our friend Brian
5:52
Armstrong at Coinbase. Why don't you take a look at
5:55
UFD? We know you've heard about us.
5:57
Look at our honesty. Look at our integrity.
6:00
Remember, we are good about a good attracts.
6:03
We're good about being good attracts good.
6:05
We are good, attracts good. We are good, we are transparent.
6:08
We are. Oh, I didn't read this
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yesterday, I apologize. Dusters huh?
6:13
Here, freeze your screen for a second.
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Don't forget UFD represents and upholds the core values and
6:20
principles. That the cryptocurrent that
6:23
cryptocurrency was originally founded upon.
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OK, Mr. Brian Armstrong. Please go out and look at all
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these great Coinbase memes that this.
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Community made for you. Look at what?
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We've done over the last five months within UFD.
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And tell me. Please, when you'd like to talk
6:42
about listing UFD, Emma, thank you for everything you did.
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This is a hardcore community. This is real.
6:48
This is happening. We aren't going anywhere, OK?
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OK. There's nobody else like us, so
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keep up the good work, guys. Let's talk about Robert.
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Oh, no. Let's talk about one more thing
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about you, and then we're going to talk about Robert Kiyosaki.
7:00
What he's saying about the about the Bitcoin price and what that
7:06
means for UFD. Here we are champs only, right?
7:09
They're always giving us a good shout out.
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Underdog meme coins. Do you think we're an underdog?
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We'll talk about that in one second.
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Might not be #1 yet, but the culture is there.
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And who's at the top of the list?
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UFD and our friends at FLOG. OK, I mean come on guys, we love
7:27
you Champs only and I agree with it.
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The culture is there. Everybody, everybody, the
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smartest guys in the room, the gurus all the way down to us,
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right? You're a guru.
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I'm a I'm a. Guru too.
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We know that the culture, right the, the, the heart, the
7:51
determination, right, the strength, the vitality, the
7:55
depth of the community for any crypto is what determines its
8:00
value. How do you think Bitcoin got
8:02
where it was? Because it had a culture, right?
8:06
They use that word cult. I don't like to call us a cult.
8:08
You know that we're a club or a community.
8:11
We're an organization. We're a lot of things.
8:13
If you want to call us a cult, COLTI don't have a problem with
8:17
that. And if you want to.
8:18
Call us a cult? Well, that's up to you, but none
8:20
the less, that's what determines who can, who can, who's doing
8:24
what we're doing, Who had a big meme coin contest?
8:28
Who had a successful DJ show, right?
8:31
We need to get the word out about DJ Litimus on Friday
8:35
nights. OK, he's lighting it up, right?
8:37
He never misses. DJ Litimus.
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Never miss. Never misses.
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Anyway, you know what I'm saying?
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OK, that's what's number one. Everybody talks about it.
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That's why we're #1 let's go. We talked about Bitcoin.
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Yes, I know we are baby Bitcoin. That's what I say.
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You don't have to agree with me, but I believe we are baby
8:56
Bitcoin. I'm not saying we're the same as
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Bitcoin, but we're. Very.
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Similar in the number one category, which is culture,
9:04
which is community. All right, Don't forget that
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guys, as we strive hoof by hoof by hoof.
9:11
By hoof every single day. And I know it can get hard,
9:15
right? It's hard.
9:16
Life is not always easy, lifes not always fun.
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And rainbows. And lollipops.
9:20
And unicorns. But we show.
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Up every day, one hoof at a time, and continue to build.
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The thing to remember is that every single day that goes by,
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somebody out there is joining our community and we may not
9:35
even know about it. Not everybody's active on X
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Somebody out there some and a lot of them are boomers, right?
9:43
Is by or by all these older people are all the young people.
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We love the young people, we love the middle-aged folks and
9:49
we love the boomers. But they're buying little by
9:51
little by little. OK.
9:54
Do you know what that means? Do you know what time it is?
9:57
Is it time to shake some beans? What do you say?
10:00
Put it in the comments. You want me to shake the beans?
10:02
Because that's the catalyst. Yes.
10:05
HTX major Asian exchange organically listed US.
10:10
Right, five days ago, six days ago, whatever.
10:13
I can't tell how many months we've been around.
10:15
I thought we'd been around for six months.
10:17
We only been around for five months, five months and two days
10:20
at this point. But none the less, each day,
10:24
right, over 5 months, we built, we're building, we're building,
10:27
we're building Diamond Hooved dusters is a time to shake some
10:31
beans. Let me see if you guys called
10:32
out for the bean shake and then we're going to talk about, we're
10:36
going to talk about this. $250,000 Bitcoin Oh wait, wrong
10:43
way. There you go.
10:46
Day by day by day, we're asking for.
10:53
People, Period. OK, Boop, boop, boop, boop.
10:56
Each one of those beans represents a diamond hood
10:59
duster. Are you in there?
11:01
Because every day we're getting more and more and more and you
11:04
know the story, right? When we get up here, we have a
11:07
bean shortage. Then we have a beanopoly.
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It's real. You know, all joking aside, we
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can't make more beans. We can't make more beans.
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It's like when the. Stores ran out of toilet paper
11:22
during the C19 crisis. When there's a shortage of
11:26
anything, the price goes up. Now remember, I'm not a
11:29
financial planner. I'm not giving financial advice.
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Always be responsible with your money.
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Don't take too much risk. Please.
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Please. OK, But I must, I must disclose
11:41
to you that that I do own a big position in Unicorn fart dust
11:46
meme coin beans. So my horn is aligned with your
11:48
horn. And how did you get in my
11:50
basement, huh? How are you down here, Duster?
11:55
Club. How did you get here?
11:57
You're late. You know, you're welcome here.
12:02
OK, let's go check out what Robert Kiyosaki is saying about
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Bitcoin and what that means for UFD and why he's saying that and
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why we need to be very scared. We're going to get into some
12:11
macroeconomic scary stuff going on, but it all ties back to UFD.
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And don't you worry, I'll zip it all up for you at the end.
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Let's go take a look here. Here's Robert Kiyosaki just
12:26
yesterday says this question. Why will gold, silver and
12:31
Bitcoin continue to grow in value?
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You know, I'm a gold and silver maxi as well as a UFD crypto
12:37
lover. OK, he says.
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Answer. The Marxist central bank system
12:42
is crashing. Many are going bankrupt.
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Keep holding, he said. I am buying more Bitcoin.
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I predict Bitcoin climbs to $250,000 this year, he says buy
12:56
more, do not sell. OK, so Robert Kiyosaki is
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telling us $250,000 Bitcoin. Robert Kiyosaki is also telling
13:04
us gold and silver, right? Gold and silver, Bitcoin and
13:09
crypto are are are essentially purchased by investors.
13:13
For the same reason right there defy decentralized finance.
13:18
No central command can control the price of gold and silver.
13:23
They can try to manipulate it short and they can try to
13:26
manipulate the price of Bitcoin. They can try to manipulate the
13:29
price of UFD. It's the same thing.
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We are decentralized. We are baby Bitcoin.
13:34
We are democratized. This is a fair and level playing
13:37
field. You know that's.
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That I hope I'm asking you a question.
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Does that get you excited about UFD?
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Right. I can't control it.
13:47
Nobody can control it. It's on the blockchain.
13:51
It's democratized. But let's look at what's he,
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what he's saying is the banks, the central banks, the the, the
13:57
governments of the world are out of control financially.
14:01
Let's look at a couple scary points that will drive this
14:04
home. This next one, you may learn
14:06
something from this. So pay attention to this.
14:10
This is from Porter Stansbury, from Stansbury Research.
14:13
This has to do with the banks. Most people don't realize this
14:16
is the case. I'll explain it to you here in
14:18
just one second. He says Bank of America is
14:21
sitting on hold on. Make sure we got the right tab
14:24
up. Yes we do.
14:26
Is sitting on $700 billion in bonds.
14:29
So Bank of America bought $700 billion in bonds, almost a
14:34
trillion that they bought at 1% yields.
14:37
Remember 345 years ago when interest rates were super low,
14:41
so they bought all these bonds. They're only making a 1% yield
14:44
in 2020. Those bonds are down 40% in
14:49
value, hiding a $100 billion loss.
14:54
OK Meanwhile, the Treasury needs to refine.
14:56
OK, Let's just, let's just focus on that right now.
14:59
So the bank bought all these bonds back in 2020.
15:03
Right now, they're sitting on a $100 billion loss because
15:08
interest rates went up. OK.
15:10
When interest rates go up, the value of bonds go down.
15:14
It's called the inverse relationship between interest
15:18
rates and bond prices. And to think about it real
15:21
simply, OK, there's a couple key things to remember here.
15:24
Number one, Bank of America is hiding this, OK.
15:28
And it's legal for them to do it.
15:30
They don't have to mark the value of those bonds to the
15:34
market price, right? They invested 700 billion.
15:37
They're really only worth about 600 billion at this point, but
15:41
they don't need to recognize it is that would be called mark to
15:45
market. They don't have to do that
15:47
because they can just say, well, we're going to hold these two
15:49
maturity, we're just going to hold them all the way out and
15:52
then we'll get our full face value back.
15:54
It's an accounting scheme. The banks are in big trouble.
15:58
But the big key take away here, and what Porter Stansbury is
16:02
saying, is that if interest rates go even higher, right,
16:05
that will create even more losses for Bank of America.
16:09
But Bank of America is just one example of hundreds or thousands
16:15
of banks out there that are. In the same boat and the biggest
16:19
quote UN quote, bank, it's not a bank, but the biggest entity
16:23
that would be affected by this is the United States government.
16:26
Because think about this, guys. And he goes on to talk about
16:30
this, OK, Meanwhile, the US Treasury here, right here where
16:34
my cursor is, the US Treasury needs to refinance 9 trillion
16:43
and issue 2.5 trillion in new debt this year.
16:48
Remember when we go, let's go out here real quick to the debt
16:52
clock. Hold on here, OK?
16:56
The US debt clock up here in the upper left corner. the US
16:59
national debt is $37 trillion. Now I got to get back to the
17:05
right tab. Here we go.
17:08
OK, OK, so they need to refinance 9 trillion this year
17:13
of that 37 trillion and issue another 2.5 trillion.
17:17
Foreign buyers like China are dumping treasuries for gold.
17:20
That's a fact. If Trump disrupts this debt
17:23
recycling, we're staring at a failed auction, meaning nobody
17:26
will want to buy the debt, nobody will be interested in
17:29
buying it or Fed QE that will spike inflation expectations
17:33
when yields hit 7 to 10%. Bank of America's equity won't
17:37
survive. That's what we started this
17:39
example with. If rates go up that high, the
17:42
there's going to be such catastrophic losses to Bank of
17:46
America that it would be, it would be catastrophic a run on
17:50
the bank ATMs down. It's not if, but when fractional
17:54
reserve banking fails. It's built to see 1932.
18:00
So guys, not only is it Bank of America, but what he's talking
18:03
about with the US government is if rates continue to go up and
18:07
rates are high. Now one more thing we can talk
18:09
about the rate that. Most people, that kind of
18:12
bellwether that most people follow is the 10 year bond
18:16
yield. We'll go out and look at that
18:17
real quickly here. And now there's crypto prices
18:23
while we're out here. All right, hey, looks like hey,
18:27
Solana 175. We like that Bitcoin one O 5
18:33
awesome, but we're here to look at interest rates.
18:36
OK, and here we go There's the US 10 year, the upper left
18:40
corner, 4 point, basically 4.5%. That is actually very high.
18:46
Let me show you graphically what that article just talked about.
18:51
Come here, baby. There we go.
18:54
OK, let's look at a five year rate.
18:58
OK, here we go. This, this shows it perfectly.
19:00
This is back in 2020. Interest rates were 1%.
19:05
I'll draw in here for you. OK, right there.
19:10
That's 2020 interest rates were 1% today, right?
19:16
We are at 4.5%. So what they're saying is that
19:20
back then Bank of America bought $700 billion worth of bonds and
19:25
they only, they only paid 1%. So now because people can get
19:30
much higher interest rates, the value of those bonds has gone on
19:34
gone down. Again, guys, it's the inverse
19:36
relationship between bond prices and interest rates, right?
19:40
Think about it this way and I'll, I'll wrap up this whole
19:43
conversation that you didn't ask for this class on, on bond
19:47
prices. But think about it this way, OK?
19:50
If I had $100,000 bond, right, that I'd bought that pays 1%,
19:56
right? And I wanted to sell.
19:57
It. Today and you had $100,000 that
20:00
you wanted to invest and I said, hey look, I got a deal for you.
20:04
I got a deal for you. I I want to sell a bond that I
20:08
have and if the US Treasury bond, it pays 1% and you would
20:11
look at me and say. Why would I?
20:13
Buy that bond that only pays 1% for the next 28 years when I can
20:18
go buy a new bond that pays 4 1/2%.
20:22
Instead of making $1000 a year off my $100,000, I can make four
20:28
and a half $1000 per year. Does that make sense?
20:31
Right? You wouldn't want to buy that
20:33
off me. You might buy it if I say, well,
20:35
I'll sell it to you for 95,000 or I'll sell it to you for
20:38
60,000, which is what it would really be worth in that
20:42
environment. I hope that makes sense.
20:44
I know it can be a little heady, but the the take away here is at
20:47
the banking system and it's not just Bank of America.
20:50
A lot of these banks are in a very precarious position.
20:53
Let's look at. Let's look at.
20:56
OK, let's go over to auto. Just.
20:58
Crazy to see right now what is going on.
21:08
Here we go, here we. Go, this is do you have an auto
21:13
loan? I'll ask you that question,
21:15
right? What's going on with the
21:17
American consumer with auto loans?
21:19
A lot of people have big loans on their cars.
21:21
This is downright very scary. The auto loan, US auto loan
21:25
serious delinquencies are rising at alarming pace.
21:29
The share of auto loan balances at least 90 days past due hit
21:33
5%. That means one in 20 cars that
21:37
are driving around out there that have a loan on them.
21:39
One in 20. They are over 90 days past due
21:44
on their car. Car payment in Q 12025, the most
21:49
since the 2020 peak. This is also slightly below the
21:52
2008 peak of 5.2% Transitions. Transitions into delinquency.
21:59
That means people of 30 plus days, people who just started to
22:03
stop paying their car payment reached 8% in Q1 of 2025, the
22:09
highest in 15 years. Serious delinquencies continue
22:13
to surge. Elevated interest rate pressure
22:16
on consumers, all while total US auto debt sits near a record
22:21
1.64 trillion. Again, why is Robert Kiyosaki
22:26
calling for $250,000 Bitcoin? Why are we saying that's good
22:30
for Unicorn fart does, right? Well, because the banking system
22:33
is under huge stress, right? I've talked about this.
22:37
I don't want to bore you guys, but for the last four years,
22:41
right, this massive hidden loss, they don't have to recognize it.
22:44
It'd be like, it'd be like if you bought a stock for $100,
22:50
right? Put $100,000 into it and it went
22:53
down to 60,000, and you went to that same bank and said I want
22:57
to use the stock as collateral, but I want you to value it at
23:01
100,000. They wouldn't do that, no.
23:03
They'd say it's only worth 60,000, but it's okay for the
23:06
banks to hide these massive bank bond losses, I'm sorry, on their
23:11
balance sheet. And on top of that, right, the
23:15
US government's in the same position.
23:16
And on top of that, the auto industry, which is a huge part
23:20
of the US economy. Right, More waves of more and
23:24
more people are moving into being delinquent on their car
23:28
payments. I think that explains why why
23:31
we're we have a debt crisis and it's not just in the United
23:34
States, it's all over the world. And the only way to deal with a
23:39
debt crisis is either default or right, Devaluing the debt.
23:45
Devaluing what? Under what the debt is measured
23:48
in. And what's the debt measured in?
23:50
The debt is measured in this, right?
23:54
Paper money. OK, paper money.
23:56
So what are they going to do? What are who they.
23:59
They're not going to call Ghostbusters.
24:01
No, they're going to call this guy.
24:03
Oh, boy, he's getting dirty and we love him.
24:07
He's in a bad spot. Our old friend Jerome Powell
24:10
from the United States Federal Reserve.
24:12
And all they can do, guys, right?
24:15
Is this? Print money.
24:17
Print. Print.
24:18
Print. Print.
24:19
Print. Print.
24:20
And what that'll do, like Robert Kiyosaki says, is make things
24:24
that are finite in nature, things like gold, things like
24:28
silver. Here there's a 5 oz silver bar.
24:32
OK, isn't that pretty? Right?
24:34
And I've said this is the original cryptocurrency, but
24:37
it'll make cryptocurrencies. That's why he's calling for
24:39
$250,000 Bitcoin and he's saying it could happen very soon.
24:44
If if Bitcoin goes to $250,000 guys, that will be very good for
24:51
UFD. You know right, we got the
24:54
foundation laid baby. There is no other meme coin out
24:59
there there's no other crypto out there like UFD.
25:03
We can say crypto because meme coins are cryptocurrency, OK,
25:06
There's nothing else like it right?
25:09
The utilities that can be built on top of you there's you know
25:12
who knows what can happen right, but the core is unbelievable,
25:18
right? We have the most fanatical and I
25:20
mean that as a compliment hardcore community of any crypto
25:26
ever, right? I mean, gosh, we look we got oh,
25:28
look at all this stuff. What what's hand my there we go.
25:30
We got Billy, OK, we got the best sponsors.
25:34
Ron's basement has the best sponsors were sponsored by
25:38
Ledger, right, The hardware wallet crypto security,
25:43
undisputed leader, right? I mean, the company highly
25:48
respected, they came. Help me after we got hacked,
25:52
they're helping the entire crypto sector, but the bottom
25:55
line is right, They are one of the most respected companies
25:58
when it comes to securing crypto and they're with us.
26:01
It's a big deal. Thank you, Ledger for sponsoring
26:04
us and then right Moon Pay. Moon Pay, say it with me.
26:12
Right Moon Pay is a sponsor. I mean, it's like week after
26:16
week. Major news story.
26:17
The week before last it was there now a labeling enabling on
26:21
their platform customers to buy digital gold like Robert
26:25
Kiyosaki was just talking about. XAUT, right, the tokenized gold
26:29
product from Tether. Tether, the company that brought
26:33
us a USDT stable coin, right? Bringing together the great
26:37
opportunity to to merge the benefits.
26:39
That's of holding physical gold with digital tokenized gold,
26:44
right? And this this product X.
26:46
AUT from Tether is backed 100% by Real Gold and a Swiss Vault
26:52
LBMA good for delivery. But then this week, Moon Pay,
26:55
Moon Pay and Ivan, their CEO and, and, and Keith Grossman,
27:01
right, they come out with this major news that with MasterCard,
27:04
they're going to enable stable coin payments through the net
27:08
MasterCard network. I don't know, it's like 10s of
27:11
millions of of, of, of merchants that you can go through.
27:16
How many people have Mastercards?
27:18
I think over a billion. It's incredible, right?
27:21
So we're very lucky to have both of these companies, Ledger and
27:25
Moon Pay as sponsors. Thank you guys.
27:27
OK. And by the way, my gold and
27:29
silver content is being sponsored now by this company.
27:34
First meant you can see it there and just like it sounds first.
27:39
Mint, if you ever want to buy some physical silver, I say
27:43
still like I love crypto. I love physical silver, the
27:48
original form of cryptocurrency. You can go to firstmint.com and
27:52
they have a discount code VIPRBVIP Ron's basement.
27:58
OK, let's move on. We got to do Duster of the day.
28:00
We got a beautiful duster of the day today.
28:03
You guys are continuing again. Oh, wait a minute, wait a
28:08
minute, wait a minute. We'll do Duster of the Day next.
28:11
This was the big news story of the week and it.
28:13
Feeds right into what we were just talking about.
28:16
OK, We talked about how and I'm sharing the wrong screen and
28:22
here we go. OK Is Susie there?
28:25
I don't know if Susie, Susie. Are you there over?
28:30
Oh hey, we can't understand you. Please hold the walkie about 6
28:34
to 8 inches. From your mouth.
28:37
I'm here. OK, All right.
28:39
Good. Morning you want to say anything
28:40
to the community I'm. Going to say happy Sunday since
28:44
you have been here and I hope you all have.
28:47
A wonderful day all right, thank you everybody say hi to Susie.
28:50
Hey, reach out to your screen if you're on a phone wherever you
28:53
are right, go ahead you can hold hands with Susie.
28:55
I don't care. All right, That's my this is for
28:58
those of you who are new. That's my lovely wife who really
29:01
runs the show. We communicate the walkie-talkie
29:05
and she has a nice, nice little seat here in the Adirondack.
29:08
We all love Susie. It's upstairs.
29:10
Susie, what are these dollars doing around here?
29:13
It's crazy, you know. Here, I'll show you something
29:16
interesting. You may not know.
29:18
This is a dollar, right? This is a dollar, right?
29:23
No. Wrong.
29:24
This is not a dollar. If you look closely on this
29:28
guys. Very interesting.
29:30
See if I can hold it over here. Here we go.
29:34
At the top. Do you see that?
29:36
This is a silver. Certificate and it used to be
29:40
that the dollar it says $1.00 in silver.
29:44
I can't read it $1.00 in silver payable to the bear on demand
29:49
right there. Our money used to be backed by
29:51
real metal right that but and it worked 1933 they they they took
29:56
it off temporarily. 1971 they took it off temporarily.
30:00
You know why? Because the government wanted to
30:02
print money. They've been printing since
30:04
1970. 1. And stop, OK, Which is why we're
30:09
in this situation that we just talked about with everything
30:11
else. But it gets even more
30:13
interesting because on Friday we got some shocking news, OK?
30:17
Very shocking news came out after the market closed.
30:21
They never do this. I'm sorry, you guys, you guys
30:24
got to deal with me a little bit more.
30:26
They never put this bad news out.
30:28
When the stock markets open, if there's ever a big story comes
30:31
out on Friday, like 4:00 Eastern Time, you can, you can rest
30:36
assured it's not a good story. It's a bad story.
30:39
And that's what we got this Friday when they announced,
30:42
excuse me, Moody's downgrades United States credit rating,
30:47
citing growth in government debt.
30:50
Well, Moody's, we could have told you that about five years
30:53
ago in green, Moody's, Moody's was the lone holdout.
30:57
The S&P and Fitch are the other big rating agencies.
31:00
They'd already downgraded it, but they were the holdout and
31:03
keeping US sovereign debt at the highest credit rating possible
31:06
and brings the 116 year old agency into line with its rivals
31:12
in red. The decision to lower the United
31:15
States credit profile would be expected at the margin to lift
31:18
the yield that investors demand in order to buy U.S.
31:21
Treasury debt. That's what we talked about
31:23
earlier, right, people? So that'll raise interest rates,
31:26
make the debt cheaper to reflect more risk.
31:30
This could dampen sentiment toward owning US assets,
31:34
including stocks. Moody's rating cut of the United
31:37
States sovereign credit rating 1 notch from AA one to AAA.
31:41
So that was the big news on Friday, just cementing what we
31:47
already talked about here, right like the world is waking up the
31:51
the you can't just print make believe money forever and
31:54
expected it's going to be worth something and people.
31:57
Aren't going to wake up. Right, even Moody's is waking up
32:00
for crying out loud. All right, let's do duster of
32:02
the day. We're going to go out here today
32:05
and look at our friend Gotcha Ghost.
32:09
That's Gotcha GACHAI. Spent like 5 minutes scratching
32:13
my head trying to figure out why I could not find his profile to
32:16
pull it up here because I was putting AT in there GACHA.
32:21
He's a critical member of our community right there, right?
32:24
Meme machine. Please check out my highlights
32:27
at UFD. He's an artist.
32:31
Let's go down here, right here he is.
32:33
Gotcha. Go says rise and grind UFD.
32:35
Check out my Etsy shop, Lincoln Bio if you'd like to support my
32:39
art. As always, you can find all of
32:41
my designs in the Meme Depot. Don't forget, right, there's a
32:44
thing called Meme depot. Go in there and look up UFD.
32:47
You will be shocked. Here's one of his pieces of art
32:50
right. I think Emma sent this out just
32:54
the other night. Like this is our sentence to me.
32:57
It's cool. Look at that.
32:59
How do I get? How do you?
33:00
Get in my basement, Take that picture.
33:02
OK. They're not like us.
33:03
You know, I love Kendrick Lamar. I was listening to the song the
33:07
other night. I tried only now listen to it
33:09
once a week because I don't want to, you know, wear it out on
33:12
myself. There's Kendrick Lamar.
33:14
They're not like us. Let's go up here and click on
33:19
some stuff and see where we can get lost.
33:21
Rise and grind. UFD family.
33:24
Oh, here's the Etsy shop. Here we go.
33:26
I don't think. Oh check this.
33:28
Out. Is that up?
33:30
That's not up. Here we go.
33:31
Let me make sure you guys are seeing what I'm saying, which
33:34
you are. OK, so this is an Etsy shop.
33:38
Look, honesty, integrity, prosperity.
33:41
Honestly, I've never been to an Etsy shop before.
33:44
This is really cool. Look at all.
33:46
Oh, there you go. See, you can buy all this UFD
33:50
stuff here on his Etsy shop. Wow, that is very cool poster
33:57
man. Ron, brother.
34:01
OK, so thank you. Gotcha.
34:02
Ghost, you are contributing a lot.
34:04
You've been recognized several times to me by several community
34:08
members. Of course I'm noticing what
34:10
you're doing. I want to read you guys a little
34:13
paragraph that Gotcha sent us said Hey Ron, thank you for
34:16
naming me the. Duster of the.
34:18
Day, I hope you're enjoying the art I've created for the UFD
34:21
community. Seeing you show up every day and
34:24
work hard has inspired me to do the same.
34:27
I'll tell you guys, that was a very hard lesson for me to
34:31
learn. I'll tell you a story about that
34:33
when I'm done. Here, let me read through this.
34:35
It feels good to be in a community where we encourage
34:38
each other. That is critical, guys, we are
34:40
nice, we love each other, we try to help each other, right?
34:44
And that's what's growing this unbelievable bond and community
34:49
that we have. Encourage each other to be the
34:52
best versions that we can be. Be sure to stay tuned as I have
34:56
lots of new art cooking at the moment.
34:58
UFD will forever be a part of my life and it's something that has
35:01
been missing for a long time. A sense of community and a
35:05
bigger purpose is lit something in me I've never felt before.
35:09
Wow. I'm proud to walk shoulder to
35:11
shoulder with all the dusters putting in work as well.
35:15
I'm excited to see where this journey will take us all.
35:18
Thank you Ron for your strength and dedication to what you
35:21
believe in. And please say hi to Susie and
35:23
the family for me. Wow gotcha.
35:26
OK, I'm on the verge of crying but I'm not going to cry OK?
35:30
Because you're paying me with your time and you don't want to
35:33
see me sit here and cry. But thank you, gotcha for
35:37
everything you're doing. Thank you, Susie, for everything
35:40
you're doing as well. And I guess what I, what got me
35:42
on that was this idea that every single time you guys send me one
35:48
of these paragraphs, you always say thank you to Susie as well.
35:51
And I know you know Susie, this Susie here she is.
35:54
We got her turned on this morning.
35:56
Means a lot to me. And it really touches me to see
35:59
how much she means to you guys as well.
36:01
Everybody say hi to Susie. In the comments, huh?
36:04
She's on there. She's she's lurking.
36:06
She's watching. So gotcha, Ghost.
36:08
You are the duster of the day. I want everybody out there.
36:10
Right. Feel up here.
36:11
You got a horn, huh? Let's rub horns.
36:14
Come on, rub horns. I fully recognize that's very
36:23
cheesy, but it feels. Good, doesn't it?
36:28
That's what the dusters do. We rub horns, all 600 of us on a
36:32
Sunday morning. I hope we've all said our
36:34
prayers. I gotcha ghost.
36:37
You are the duster of the day. And as a reward, you get to wear
36:42
the golden horn. So all you people who are I
36:46
almost said horny. That would have been weird
36:48
horned up. Let's all pick up the golden
36:51
horn and up here it comes. Gotcha Ghost help me put it on
36:55
and. Boom.
36:57
There you go, gotcha Ghost. You are the duster of the day.
37:00
He talked about showing up every day.
37:02
Guys, I'll tell you what, if there's I don't have a lot of
37:05
wisdom, I'll give you OK? I don't give financial advice,
37:08
but I will give this advice. Stay out of debt.
37:10
I can always feel 100% confident telling people spend less money
37:14
than you make, right? That'll like set you up for a
37:17
life. Basically.
37:18
My grandpa. Oh, I haven't showed grandpa's
37:20
clock, right? Remember grandpa, my grandpa's
37:23
95 year. Well, no, my grandpa's dead.
37:25
He died. I don't know, maybe it was 90, I
37:27
forget. Died like 8 years ago.
37:30
Anyway, I used to go hang out with him on a weekly basis,
37:33
right? And he would always say that
37:36
just spend less money than you make and you'll be OK.
37:39
This is his clock. That's I forgot to tell you that
37:42
it's just a matter of time for UFD, right?
37:45
I sometimes put it on here like this, right?
37:52
It's just a matter I got to be careful with it because it
37:55
dropped and someday this is going to be worth millions, but
37:58
it's just a matter of time till we fill it up.
38:01
So that's a part of that. The other advice that I would
38:03
give. Man, I tell you what, there's
38:07
there is so much. It's really easy to be.
38:10
Successful in life, right? You got to you got to figure out
38:13
what you want to do, OK? Make a decision like, is this
38:19
like this is a goal that I want to reach.
38:21
This is where I want to be right?
38:22
Right now with UFD for me, it's like I know in my mind that we
38:27
have unlimited potential. I don't.
38:29
Even want to? Share the numbers that come into
38:31
my mind when it comes to what our market tap cap can go to
38:34
right? To do that, my part is to show
38:37
up everyday and do live streams. That's what I promised I would
38:41
do, right? Day by day by day, that I would
38:43
keep showing up one day at a time, right?
38:46
I can't, you know, I don't know how many decades.
38:49
A little look, we're all in but one.
38:51
Day at a. Time I keep showing up.
38:52
I have for the last five months, number of days.
38:55
The advice in this is simple, figure out something that you
38:58
want in life and then work at it every single day.
39:03
And here's the kicker, you're going to hit a point where it
39:06
becomes very hard, very difficult.
39:08
And then you got to look yourself in the mirror and say,
39:11
I told myself that I wanted to achieve this.
39:14
I knew that it would get to a point, it's called the dip or
39:17
the valley or whatever you want to call it, that it wouldn't be
39:20
so fun. It's always fun to start things
39:22
right? It's always fun, exciting.
39:24
It's the dip that defines the winners when it's not fun
39:29
temporarily and it takes discipline and you stick with it
39:32
through it all. And I see that in our community
39:35
day after day after day. I could name name after name the
39:39
Dark Duster. So Emma, I mean, I I can't even
39:43
go royal. I mean, all these different
39:45
people and all of you guys aren't aren't I mean, there's
39:49
there's look, I can't name all of you that.
39:51
Show up, but you know who you are every single day.
39:54
And if you do that right, and that's.
39:56
Like a great example is with our.
39:58
Jug. Right, the jug.
40:01
When I was in college, there was this guy used to call me
40:04
Jughead. He claimed I had a big head.
40:06
Anyway, this jug right gets filled up day by day by day by
40:10
day, little by little. And I think it's really hard in
40:13
crypto because everybody wants everything to happen
40:15
immediately. Oh, boom.
40:18
You know, well, we, what do they call it, you know?
40:21
Look. We're different.
40:22
Think about this, think about UFD from this perspective.
40:25
We are different, OK, on many levels, but we didn't do a rug
40:29
pull. I never rug pulled right.
40:32
I started this with 100 bucks experiment.
40:34
You know the story down here in the basement.
40:36
I was a gold and silver maxi. I didn't really like crypto.
40:39
I called it Unicorn Farta. So I called the crypto Unicorn
40:42
fart dust. Now I've realized it is crypto
40:46
is Unicorn fart dust in a good way anyway.
40:50
Kept showing up day by day and built and built and built.
40:54
And that's what it takes. That's what's critical, right?
40:57
For anything that any of us want to be successful at.
41:01
Darn it, there was something big that I wanted to tell you guys.
41:05
It's going to drive me crazy now.
41:07
Darn it, there was something big.
41:11
There was something big, you know?
41:12
But the But anyway, it's the community, man.
41:16
I had a big, big, big important thing.
41:19
Did that ever. Happened to you.
41:21
But if it hasn't, wait till you get a little bit older.
41:23
It'll happen. I guess I got to share it
41:28
tomorrow, you know, But but the, what was I talking about that
41:33
was so important, you know, I feel like I'm having a senior
41:37
moment. I'm only 55 years old.
41:41
Oh, it's right on the tip of my brain, too.
41:42
It's going to come. Stay with me.
41:44
I'm going to remember it. OK?
41:46
We're the underdog. Shoot.
41:48
What was it? I started it with 100 bucks.
41:53
This is driving me crazy. This is driving me crazy, right?
42:02
Anyway, I started it with 100 bucks, you guys took it over,
42:06
made it what it is today. That is a huge, huge, huge deal.
42:11
And there's so many big things. I guess I get sometimes I get
42:14
confused because there are so many critical components to
42:18
what's happening on happening right here.
42:21
Cryptos, Great skeptic faced our challenges, darn it.
42:26
Oh well. Tired.
42:27
Oh, I know what it is now, right?
42:28
We don't rug. Pull the difference Why we're
42:30
thank you, thank you guys. We're different OK, in many
42:34
different ways right like we don't rug pull right the first
42:38
night that's what I was going to say right did this happen?
42:41
I had no idea what was going on. I did sell some beans like in
42:44
the 1st 24 hours. OK.
42:46
I was very transparent about that.
42:48
And then at that point I said I'm not selling and I haven't
42:52
sold one sense I bought beans, but I haven't sold it's.
42:56
How different the UFD story really, truly is on many
43:02
different levels. I mean, the other thing is like,
43:05
we came into this with no promises, right?
43:09
Yeah, we're different. We don't rug pull, we rug push.
43:12
But we also came into this with no all the other cryptos, the
43:16
exception of Bitcoin. And a hand few of other ones,
43:19
but a lot of them, you know why they come out with all these
43:22
grandiose things they're going to do and blah, blah, blah.
43:25
And they and they get everybody body in at a high valuation so
43:28
they can so the the founders can rug pull.
43:31
Basically we're the opposite. We do rug push.
43:34
We didn't promise anything. OK, look, the first night that I
43:39
created Unicorn fart test, the first night that it took off, I
43:43
wasn't down here thinking I'm going to have all these people.
43:46
They're going to be running contest, doing DJ shows, make a
43:49
promotional car. I didn't think of that.
43:54
Right. That happened, right?
43:56
I was thinking nothing like this is nothing, right?
43:59
OK, so we're different in a lot of ways, two of which are we do
44:03
rug pushes and we don't we don't promise anything.
44:10
The community delivers. I'm not delivering.
44:14
Look, I'm the spark. You're the fire.
44:16
That's the reality. Think about it, right?
44:20
This is by you. This is your opportunity.
44:23
This is your chance. Are you tired of feeling like?
44:27
Are you tired of feeling like the system's rigged against you?
44:31
Right, A lot of people are right.
44:33
Unless you're in the top 1% and hats off, congratulations.
44:38
But 99% of us aren't. This is completely.
44:43
There level playing field. The blockchain here is one of my
44:47
favorite little cards. OK right.
44:50
The community dictates the value.
44:53
This is our chance. This is like pure democracy.
44:57
I was watching, I got Michael Saylor.
44:59
Now, look, I got to tell you two years ago, go look at my old
45:03
videos. I used to sit down here.
45:05
I never made fun of them at all. But I would say the guy creeps
45:08
me out. I don't.
45:09
Maybe if I met him, I'd feel different.
45:11
Whatever. This was two years ago.
45:13
I was listening to him last night talk about how he was
45:17
talking about Bitcoin, but I believe it it it it also relates
45:21
the pure other pure forms of crypto like UFD.
45:24
My personal opinion, right that we are like this clean
45:28
opportunity in money. He was used used a great analogy
45:34
about how, you know, 500 years ago people only live to be like
45:40
3233 years old because the food was dirty, because the water was
45:44
dirty and they didn't realize that they were eating dirty food
45:48
and water. And when that got fixed, right
45:50
now life expectancy is much, much longer, thankfully, right?
45:54
I'd be like ancient history in ancient England or whatever.
45:58
He says the same thing about crypto.
46:00
Crypto fixes The Dirty money. Right, let's be, let's face it,
46:05
the system. The the Fiat system that's out
46:10
there, it doesn't take a a big. Study to realize is not the
46:15
fairest system out there. Crypto creates created in
46:21
Bitcoin, right? Created this fair level playing
46:24
field, democratized playing field.
46:26
We have that with UFD. Maybe you're joining us right
46:30
now from Montana, maybe Missouri, right?
46:33
Maybe Miami, but you also could be in Madagascar.
46:37
Or Central America. I can't think of any more.
46:40
Countries that start with them or South America or Asia, right.
46:44
Maybe you're maybe you're joining us from HTX.
46:47
Yeah, HTX we got list. Anyway, this is our opportunity.
46:51
This is a unique, a unique time and history.
46:54
Think about it, It's web three, OK, it's web three.
46:59
Think about what's happening. This is mind blowing to think
47:03
the opportunity that we have. In front of us.
47:06
Right. Look, right, we're able, I'm
47:08
able to sit in my basement with a bunch of light bulbs and a $15
47:13
webcam and talk to you guys. And we're also all able to
47:19
participate. A guy in Missouri is got the
47:23
same exact opportunity that a guy in Madagascar has when it
47:28
comes to UFD, OK, And I don't know for sure you can buy UFD
47:32
and met again, but you can buy it most everywhere in the world,
47:35
OK People in Africa that are with us right now, this is a
47:39
unique a unique opportunity, right?
47:42
It really does give the average people of the world an
47:48
unbelievable shot at a fair and level playing field like most of
47:52
us have never had. OK, Because unfortunately the
47:57
way the banking system is set up.
47:59
I mean, think about this. This is a real easy way to to
48:02
think about it. Let's say you're from Venezuela
48:06
and you're in the United States working your tail off as a
48:09
landscaper, OK? And you get, maybe you're doing,
48:12
you really do good work. You got a really good fair boss
48:14
and he gives you $1000 a week and you're shipping it home to
48:19
your mom and dad because you're supporting your family in
48:21
Venezuela, right? Traditionally.
48:24
You would have to. Use one of the the traditional
48:26
banking system or, or or whatever Western Union used to
48:30
be. I don't know if they're still
48:31
around. You're going to pay like 5 to
48:32
10% Commission. Instead of sending them $1000,
48:38
you're only going to be able to send them 930 or 925.
48:41
Think about what? Crypto does, right?
48:44
With crypto, it might cost like a nickel to send that money to
48:50
your parents. And Venezuela, it really levels
48:53
the playing field. But more importantly, when it
48:55
comes to what we're talking about, storing value, think
48:58
about this. Think about this, this thing
49:00
right here. This is critical, this thing.
49:03
Right here, OK, it doesn't matter.
49:07
It goes down in value every year when I was a little.
49:12
Boy, in 1970 this would buy 4 candy bars.
49:16
Now it won't even buy 1 candy bar at the dollar store, right?
49:20
Or gas. Think about it.
49:21
And this is designed to lose value under the best of
49:27
circumstances. They're shooting for 2%
49:30
inflation. Why does it have to go down in
49:33
value any period? Nobody can ever answer that
49:35
question, right? But these, OK, it goes down in
49:40
value because they print them. They print them at will.
49:43
They can just print, print, print, print, print, print,
49:45
print and bail out their buddies on Wall Street like they did in
49:48
the O Eight financial crisis. I won't go down that road.
49:51
OK. These 999 million 999,000,900
50:04
and 99 million Third time's a charm you can't make.
50:10
More of those. Bitcoin, same thing, right?
50:12
They're reaching that point where there will be no more
50:14
Bitcoin made. It's called scarcity, but it's
50:17
digital. It's Unicorn fart dust.
50:20
It can't be worth anything, right?
50:23
It's not real. It's make believe.
50:26
Well, you know, your relationship with your spouse or
50:30
your children or your best friend is kind of not physical.
50:35
You value that, correct? Let me ask you a question,
50:38
right? If you got a letter in the mail,
50:40
right, a paper letter in the mail saying that you inherited
50:44
$10 million, you'd be really happy, right?
50:47
That would be have some value to you.
50:49
If you got an e-mail from a law firm and it was legit, not a
50:53
scam telling you you inherited $10 million from a relative or
50:58
whatever, you'd be just as happy.
51:00
But it's digital. It's only digital.
51:03
Guys, it's it's and I was one of those.
51:06
I was right. I'd sit down here.
51:09
You know what I would do? I'm being honest.
51:12
I'd sit down here and make gold and silver videos and then I'd
51:16
say, I'd say. Somebody show me a Bitcoin and
51:19
I'd reach out in the air. Oh, there's one.
51:21
Oh, I got another one. I got another one, Right?
51:24
I got another one. No, didn't and I was wrong and I
51:28
changed my tune and I did over the last year before I started
51:31
UFDI started to open up to, to crypto and you then you guys
51:36
with UFD put me through a crash course and I'm like, I started
51:42
in kindergarten and maybe now I'm like about in 3rd grade.
51:48
But you know. That I've proven and you know it
51:53
takes you can't. You know it takes time, right?
51:56
I will show up. I will continue to learn.
51:58
I know you guys will too. Hey, look, it's a big honor when
52:02
you join me down here in the basement.
52:03
Who let you in My basement? Is DJ Litmus down here again?
52:10
You're down here. You.
52:11
Yeah. No.
52:13
Look around You. You OK?
52:16
You're important. You're important.
52:18
Part of this community. We got a great opportunity in
52:21
front of us, OK. An opportunity that you guys
52:25
created. OK, I spawned it.
52:27
You created the opportunity. You created the community.
52:32
You created the situation that could never be replicated.
52:39
Is that well communicated? All right, thank you.
52:43
Keep up the great work, OK. I want you to have a wonderful
52:46
day, VIP. Be good to yourself, please.
52:50
Right, start with you, build a good foundation and from there,
52:55
right, you'll be able to be nice to other people.
52:57
Let's go UFD. Thanks, guys.
52:59
OK, I will plan on seeing you. Yes, you tomorrow and we will
53:05
have the winners of the Operation Bean base.
53:08
Take it easy. Bye bye.