Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🚨 Crypto ALERT! 🚨 STAGFLATION WILL do THIS! - $UFD

Transcript

🚨 Crypto ALERT! 🚨 STAGFLATION WILL do THIS! - $UFD · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:39
  Hey guys, welcome to the live stream.
• 0:40
  Welcome to the basement. My head is exploding with
• 0:44
  excitement for UFD. This morning we're going to talk
• 0:47
  about UFD. We're also later in this video
• 0:50
  going to talk about the Fed and stagflation and why we just have
• 0:54
  so much to be excited about when it comes to crypto in general.
• 0:58
  Non Fiat ass, including gold and silver, but crypto specifically
• 1:03
  during this video and Unicorn fart dust.
• 1:07
  Guys, let's get to the bottom of it.
• 1:09
  There is only one UFD. Only one.
• 1:13
  OK, What makes U.S. special? One of the big things that makes
• 1:16
  us this is a big message I want everybody to listen to.
• 1:20
  One of the things that makes us so special is digital scarcity.
• 1:25
  We are the one. We are the Unicorn of the crypto
• 1:29
  world. We are the we are this, this,
• 1:32
  this, this crypto that was invented by a boomer who didn't
• 1:36
  like crypto for years and years called it Unicorn fart dust.
• 1:40
  But haven't we learned, right? That really isn't everything
• 1:44
  Unicorn fart dust anyway. We won't go into a deep
• 1:47
  spiritual conversation or anything like that.
• 1:50
  But the reality is everything that has value in this world
• 1:54
  only has value because a group of people agree that it does.
• 1:59
  A group of people are attracted to it.
• 2:02
  And we are attracting the highest quality people in the
• 2:06
  crypto world and from outside the crypto world to join us.
• 2:11
  Why? Because of digital scarcity.
• 2:14
  There's only one UFD period. That makes us scarce, that makes
• 2:19
  U.S. special, that makes us stand out apart, right?
• 2:24
  And we know that's the case. We hear it.
• 2:27
  We know from talking to powerful people in the crypto world, from
• 2:31
  people that are in the business world, that people know how
• 2:35
  special and unique we are. A beautiful experience in
• 2:39
  crypto. No, we're baby Bitcoin, right?
• 2:42
  We won't go down that path, but that's the truth, right?
• 2:45
  We share the same ethos. Let me read it to you.
• 2:48
  This is moving. Take a picture of this.
• 2:51
  Frame it. William.
• 2:52
  Will somebody please see if you can see it?
• 2:55
  There we go. You can freeze the frame.
• 2:57
  This sums it up. UFD represents and upholds the
• 3:02
  core values and the core principles that cryptocurrency
• 3:07
  was originally founded upon. Decentralization, all that.
• 3:12
  But the big thing is, I'm sorry. Get back on track.
• 3:14
  I apologize, Dusters. I'm a little pumped up this
• 3:17
  morning. We have digital scarcity.
• 3:21
  We are the one Unicorn. Never can be done again, never
• 3:26
  can be replicated. I know yesterday we talked
• 3:28
  about, right? The reason why that's important,
• 3:32
  right? Yesterday we talked about this.
• 3:35
  People in the trenches, you know what they're always saying now
• 3:38
  this is the next UFD. This has basement run vibes.
• 3:42
  This has Unicorn fart dust vibes.
• 3:44
  They're not. The only reason they're saying
• 3:46
  that, right, is because we are special.
• 3:49
  And that's great. That's a great compliment.
• 3:51
  I love that they want to compare themselves.
• 3:53
  I love that they want to copy off us, right?
• 3:57
  That means we're worth copying. Don't forget that.
• 4:00
  And what is this whole digital school, the other component of
• 4:03
  digital scarcity? Yeah, we're going to to a a
• 4:05
  premature bean shake this morning, right.
• 4:09
  Of course, if you're new to UFD and you've not yet learned, we
• 4:14
  only have 999 million UFD tokens, coins, beans, whatever
• 4:20
  you want to call them. See that line up there, 999, we
• 4:22
  can never make any more. We are filling, right?
• 4:25
  That's scarcity. That is scarcity.
• 4:28
  We can't turn on a printing press and make more Unicorn fart
• 4:33
  dust beans. We can't press a button on the
• 4:36
  computer like Jerome Powell at the Federal Reserve.
• 4:39
  Don't worry, we're going to talk about the Fed later.
• 4:41
  Don't worry, Don't worry. But we can't press a button and
• 4:44
  make more UFD beans. It was done once.
• 4:48
  It was done over there. It's done that right.
• 4:51
  There's one UFD and there's a limited number of beans.
• 5:01
  OK, I always feel a little better after I do that.
• 5:05
  Do you feel better? That's the old bean shake.
• 5:07
  We don't do it every day. But what we do do every day is
• 5:10
  get together here in the basement.
• 5:12
  It's a big deal you are here. You.
• 5:16
  Yeah, you. Buttercup Duster, Diamond Hoove
• 5:21
  Duster, even the Super dusters, Right?
• 5:24
  It's a big deal. You're here, you are important,
• 5:27
  you matter, you make a difference, You are part, you
• 5:30
  belong. I want you to feel like you
• 5:32
  found a little home away from home down here in the basement
• 5:35
  and within UFD. What an incredible community,
• 5:40
  right? You want to feel like you belong
• 5:42
  somewhere. All you got to do is be nice and
• 5:45
  participate. And guess what?
• 5:46
  You're going to make friends. You'll make friends in France.
• 5:49
  You make friends in Africa, you'll make friends in South
• 5:51
  America, you'll make friends in North Dakota.
• 5:53
  You'll even make friends with a crazy guy in Saint Louis.
• 5:58
  We're all crazy, but thank you for being here.
• 6:01
  Please retweet this on X subscribe to our Unicorn fart
• 6:06
  dust YouTube channel. Come on, guys, we got a big
• 6:10
  opportunity, a big buttercup recruitment opportunity on
• 6:14
  YouTube. Subscribe there.
• 6:16
  Most important, enjoy your time when you're here in the
• 6:19
  basement. Digital scarcity.
• 6:21
  Then I'll wrap this up. But this is a great, this opened
• 6:24
  my mind, the digital scarcity. When my daughters were younger,
• 6:30
  they played a game called Roblox.
• 6:32
  I don't know if you've heard of Roblox.
• 6:33
  It's publicly traded. It's like a kid.
• 6:36
  And even now in middle school, some of the kids still play it
• 6:39
  like platform where there's all these different games.
• 6:42
  They played a game called Adopt Me where they would run around
• 6:45
  in this virtual world, right? And kids would like have these,
• 6:49
  these pets that they owned. OK, but the pets cost money,
• 6:53
  right? Because Roblox has their own
• 6:54
  cryptocurrency. It's called Robux.
• 6:57
  So every week my kids were begging me daddy, hey daddy, can
• 7:01
  we have some Roebucks? Can we have some Roebucks?
• 7:03
  And it would cost me like 5-10. It added up quick.
• 7:07
  Like I invested a lot of money into Roebucks.
• 7:09
  They would then take, I would convert my Fiat.
• 7:12
  They didn't use moon pay. I use moon pay, but I convert my
• 7:18
  Fiat into Roebucks. My kids would take their
• 7:20
  Roebucks and they would buy these pets, right, that they
• 7:23
  would use in this game adopt me and they all had like legendary
• 7:28
  Dragons. I think there was unicorns, all
• 7:29
  kinds of stuff that was in the ones that were more expensive
• 7:33
  were the ones that were more scarce, the ones that were more
• 7:36
  limited. But that taught me a couple key
• 7:39
  things, right? There is value in digital
• 7:43
  scarcity. You know, later on, right, the
• 7:45
  kids started playing Fortnite, that very popular game, and they
• 7:50
  would that and they and they want what are they called?
• 7:52
  There's Fort Bucks or I don't know what they're called.
• 7:54
  There's some digital crypto or not really a crypto, but you
• 7:58
  know what I'm saying? Digital money you buy in
• 8:00
  Fortnite and, and they buy different outfits for their
• 8:04
  person all in the more rare they are, the more expensive they
• 8:08
  are. That's digital scarcity.
• 8:10
  That's what we have. There is real value in that.
• 8:13
  There is super real value in what we're doing here.
• 8:17
  Look, I'm a almost boomer. I'm not technically a boomer.
• 8:20
  I'm 55 years old, right? This whole idea of digital
• 8:23
  things being valuable was was it was hard for me to crossover,
• 8:29
  but now I get it and it's real and what we have in UFD and it's
• 8:34
  worldwide. I know I mean guys, we've had a
• 8:37
  lot to be we have unlimited potential.
• 8:40
  We do period, you know, in those Bitcoin people that were there
• 8:45
  in the early days of Bitcoin that long for that that smaller,
• 8:49
  more intimate sense of community.
• 8:52
  I'm telling you, I believe those are the mega butter cups.
• 8:56
  Some of those early Bitcoin people.
• 8:58
  I mean we're on Solana, right, the hottest crypto father chain,
• 9:02
  whatever you want to call it possible.
• 9:04
  The couple of the these early Bitcoin people come join us and
• 9:08
  see what's going on here because it's real similar.
• 9:10
  Yeah. We got people making stickers.
• 9:12
  Yeah, we got people doing advertising.
• 9:14
  We got NFT projects. We got all this stuff.
• 9:16
  It's incredible. OK, it is.
• 9:18
  It's and we have digital. You're going to be, you're going
• 9:22
  to get tired of this. I bet Susie's upstairs right
• 9:24
  now, cringing. We have digital scarcity.
• 9:28
  I'm going to say it three times. We have digital scarcity.
• 9:35
  We have digital scarcity. And on top of that, like the
• 9:41
  highest quality people in our community, I can't even name all
• 9:44
  the names, but you look at yourself right now, imagine
• 9:47
  yourself. You're one of the quality
• 9:49
  people. This is big.
• 9:51
  This is not going anywhere. This is the community taking
• 9:55
  over. This is way bigger than me.
• 9:57
  Congratulations, Dusters, and welcome butter cups.
• 10:00
  Because I know, right? Just stick your toe in the
• 10:03
  water, Mr. Buttercup. And if you don't know what a
• 10:05
  buttercup is, you're a buttercup.
• 10:10
  You're a buttercup, right? A buttercup is someone who's not
• 10:13
  yet bought their first UFD beans.
• 10:15
  Go buy a bean. Spend 2 1/2 cents.
• 10:20
  Oh my gosh, right. Or maybe buy 1000 or buy a
• 10:22
  million. I don't know.
• 10:23
  Buy whatever you want. I'm not giving financial advice.
• 10:26
  Buy something right and then go on to X and put dollar sign
• 10:31
  UFDI. Just bought some beans and see
• 10:33
  what happens. It is incredible.
• 10:35
  OK, more incredible stuff today, according to Georgie, because I
• 10:39
  hopped onto a early morning spaces, the overnight spaces by
• 10:43
  crypto art doctor Schlabbertooth, all these
• 10:46
  wonderful people, I believe, correct me if I'm wrong, but
• 10:49
  today are massive. You heard of Crunch fitness, the
• 10:52
  big nationwide, the premier place to work out, right?
• 10:57
  We've got a big advertising campaign and it was funded by
• 11:01
  the community. It was created by the community.
• 11:04
  I know P was I believe it was her brainchild.
• 11:07
  Congratulations, P, you made it happen.
• 11:10
  But guys, it's kicking off, as I understand today, and we're
• 11:16
  going to go take a look. Hold on here.
• 11:18
  I'm going to start from the beginning.
• 11:20
  This is the video 30 seconds by UFD #1 Meme coin on Solana.
• 11:25
  Billions coded, baby. People are going to see this
• 11:29
  when they're walking on a treadmill.
• 11:31
  Hey, there's our mystery Unicorn working out, right?
• 11:34
  Look at that. What's that called?
• 11:35
  I don't know what that's called. Roping looks like fun, and
• 11:40
  that's list lifting A dumbbell. I don't know if I could do that.
• 11:43
  Anyhow, the important thing is billions coded.
• 11:46
  What an awesome 30 second commercial and 1,000,000
• 11:51
  millions, maybe thousands, maybe millions of people are going to
• 11:56
  see that new people. Congratulations, big deal.
• 11:59
  All right, let's move on. Let's see.
• 12:02
  Let's go here. We got a lot of UFD stuff to run
• 12:04
  through. You guys are cracking me up on a
• 12:07
  regular basis. There we go.
• 12:10
  This one came from as the duster.
• 12:13
  I love this. Hold on here.
• 12:19
  OK, hold on. Did I share it?
• 12:21
  It might hold. I hope.
• 12:22
  Technical difficulties. Bear with us here.
• 12:25
  Yeah, we got it up. OK.
• 12:27
  How come I can't make this full screen?
• 12:30
  What the heck? Well, OK, here we go guys.
• 12:35
  UFD never going to give you up, right?
• 12:38
  We are consistent, never going to let you down, never going to
• 12:41
  rug pull you, never going to run around desert you, make you cry,
• 12:45
  say goodbye, tell a lie and hurt you.
• 12:47
  So that sums it up, you know. OK, let's move on.
• 12:54
  I'm not sure what's going on here but I thought I'd share it
• 12:56
  with you guys. 9F studio has about 50,000 followers.
• 13:00
  They put that out this yesterday.
• 13:02
  Why build a brand when you can build a community through memes?
• 13:06
  I believe this may be a new NFT project, I'm not sure.
• 13:10
  As you know, I don't officially endorse any particular,
• 13:13
  everything's open source. I don't endorse one over
• 13:16
  another, but some great artwork and this came from 9 F Studios,
• 13:22
  which has some pretty cool stuff.
• 13:25
  I checked them out on their on their profile here.
• 13:28
  So here let's file. I'll follow them back.
• 13:30
  There we go. And Speaking of NFTS, here we
• 13:39
  go. Gimmicks and the UFD Duster
• 13:44
  gang, he says. Just over here on that steady
• 13:47
  climb, fam, we're #3 I saw this and I wondered I had this
• 13:51
  already pulled up, but then I wanted to pull up gimmicks.
• 13:54
  There's the Jasper, the Jasper hat, which is hilarious.
• 13:59
  But the important thing here is today's top trending.
• 14:03
  Hold on here, top trending NFTS on Solana.
• 14:11
  We are #3 the Duster Gang is number 3 here.
• 14:14
  Let's circle that. That's pretty cool on Solana,
• 14:18
  OK? And I love all the NFT projects,
• 14:21
  OK? But when we've got like big
• 14:23
  accomplishments, I will draw attention to that.
• 14:27
  The Duster Gang is number. Can you see the three right
• 14:32
  there #3 on all of Solana? So congratulations.
• 14:36
  And you know what's I? I love all the NFT projects.
• 14:40
  I love all the artwork, all of it.
• 14:42
  Because you know what, it gets more people exposed to UFD when
• 14:47
  we are the number three trending NFT project, one of our NFT
• 14:52
  projects, the Duster gang on Solana.
• 14:55
  New people are seeing it. More people.
• 14:58
  We are. We are farmers.
• 15:00
  OK farmers. I've got overalls.
• 15:04
  I've worn them. If you go check out my How to
• 15:08
  Ron channel, you'll see there's a video that I made years back
• 15:12
  about how to dress like a farmer Roundhouse overalls made in
• 15:15
  Oklahoma. Anyway, I have farmer roots and
• 15:19
  I'm going to tell you we are farmers, right?
• 15:21
  Those NFT projects, all the art, all the songs, all the crunch
• 15:25
  fitness. We're planting little UFD seeds
• 15:29
  all around the world. The promotional vehicle.
• 15:32
  I'm forgetting everything. I can't remember all the stuff
• 15:35
  you guys do, which is a good thing.
• 15:37
  Again, this is way bigger than me and what goes on my brain.
• 15:41
  But we're farmers. We're planting all these little
• 15:44
  UFD seeds. People are seeing the NFTS,
• 15:46
  People are in Crunch fitness right now, walking on a
• 15:50
  treadmill for the first time in their life, seeing Unicorn fart
• 15:54
  dust. And you know that's making an
• 15:57
  impression. It's planting a seed, right?
• 16:01
  We will harvest in the future, my fellow UFD farmers.
• 16:05
  We will harvest. Now look, before I forget, in
• 16:11
  case you haven't noticed, I'm not a financial advisor.
• 16:14
  OK, so don't take financial advice from me.
• 16:17
  Do your own due diligence. Whatever investing you ever do,
• 16:20
  do it. Do it responsibly.
• 16:22
  Do it carefully. But I'm not giving financial
• 16:24
  advice. However, however, if I were,
• 16:29
  which I'm not, I would tell you that I do own a significant
• 16:33
  number of Unicorn fart dust tokens, coins, or as we call
• 16:36
  them, beans we will harvest. I believe I don't have a crystal
• 16:46
  ball, but I believe we will harvest.
• 16:50
  Hard work pays off. Speaking of hard work paying
• 16:53
  off, wow, this just goes right into it.
• 16:55
  Remember the guy, the burger man?
• 16:57
  Remember burger man from the Philippines?
• 16:59
  Wonderful, cool guy. He's a duster.
• 17:03
  He's done some things where he's giving away burgers, giving away
• 17:06
  UFD, Super nice guy. Speaking of hard work, let's go
• 17:10
  take a look at this right now. Here we go.
• 17:16
  OK, Burger man put this up and this is great.
• 17:19
  Two kids, same age, different stories. 1 is in easy mode and
• 17:24
  the other is in difficult mode. You may have a good things in
• 17:28
  easy mode right now, but don't get too complacent.
• 17:31
  Those in difficult mode are surely doing their best to level
• 17:34
  up into easy mode. And then he said down here, UFD
• 17:40
  and meme meme land will be part of it.
• 17:42
  And I'll be proud to represent them.
• 17:44
  Let's watch this short video because I think it represents
• 17:48
  right life and even what we're going through.
• 17:50
  Right little boy, you know, comfortably in a cafe eating
• 17:59
  Mysterio. There's another little boy out
• 18:01
  in the streets. Working right.
• 18:05
  What do you think's going to wind up being maybe more
• 18:08
  successful in the end? You know, a little guy that's us
• 18:16
  UFD. We'll put in the work, right?
• 18:18
  We will hold on here. We will put in the work and had
• 18:26
  a little technical hiccup there. Hopefully, hopefully you can
• 18:29
  still see me and hear me 400 of us guys, don't forget.
• 18:32
  Retweet this, please or re whatever re exit like share
• 18:38
  subscribe Thank you Most important.
• 18:41
  I'm going to say it twice today. Thank you for being here.
• 18:43
  Let's rub horns. Is your horn tingling?
• 18:46
  Is it right? Is it is it?
• 18:49
  Do you know how special we are? All right, let's rub horns.
• 18:54
  I feel it. You feel it right Horns up
• 18:57
  dusters. Absolutely.
• 19:03
  That's a three second smile. You need to do that as well.
• 19:06
  That's something else that we invented here in UFD.
• 19:10
  The three second smile. It's good for us and what's good
• 19:13
  for us to share it, share it with the world.
• 19:15
  Keep the positivity alive. Let's check in with, for those
• 19:20
  of you who are new, this is is my wife Susie.
• 19:26
  She communicates via this walkie-talkie.
• 19:28
  She's saying hello to everybody. Let's check in with her.
• 19:31
  Hello, Susie, are you? Are you there over?
• 19:35
  I am. Here, anything I'm missing or
• 19:40
  anything that I need to tell the community?
• 19:41
  Do you have any critiques on how the live stream is going so far?
• 19:45
  Hello. Critiques, honey, don't forget
• 19:50
  to say that one thing I sent to you.
• 19:52
  I think it's like a poster. You got it over.
• 19:57
  I'm going to Do you want to give everybody a a Susie High 5?
• 20:01
  High. Five.
• 20:04
  Everybody gives Susie a high 5, huh?
• 20:06
  She's the best. There's no UFD without Susie.
• 20:09
  Don't forget, right? Susie kicked this whole thing
• 20:13
  off. She sent me this darn article on
• 20:15
  a Sunday night about meme coins. And then Monday morning, I'm
• 20:19
  down here. I got to tell you something,
• 20:21
  though, OK? I'm down here making.
• 20:23
  I'm spawning. I was a developer.
• 20:26
  I'm a developer, you get that right?
• 20:29
  You guys call me a bass dev, which I think is a compliment
• 20:32
  and a deegan. But anyway, I'm down here making
• 20:36
  this this meme coin. And then when I realized it was
• 20:39
  going to cost me 100 bucks, I almost didn't do it.
• 20:42
  What a mistake that would have been.
• 20:43
  I mean, I stopped midstream and I'm thinking I have a problem.
• 20:47
  I'm very frugal, very tight with money.
• 20:50
  I'm thinking, should I do this? Should I not do this?
• 20:53
  I could take Susie out for lunch.
• 20:55
  I could actually let her get a soda at lunch because I'm
• 20:58
  usually I'm, I'm, I'm, I'm so tight that I get a little
• 21:02
  proclaimed when she orders soda for $3 or $4.00 at a restaurant.
• 21:07
  I almost didn't do it right. So we can thank Susie for where
• 21:10
  we are right now. Upstairs to Susie and hey, go
• 21:15
  out and follow her on on X as well.
• 21:17
  Upstairs Susie, she puts out some fun stuff.
• 21:21
  OK, let's talk about the Fed and then we're going to do duster of
• 21:24
  the day. The whole Fed situation is smoke
• 21:27
  and mirrors. And I'm going to tell you
• 21:28
  something right now we are look, I sat down here.
• 21:32
  I made gold and silver content exclusively for three years
• 21:36
  before UFD. By the way, I still put out
• 21:38
  twice a week gold and silver focus content.
• 21:42
  I do UFD 50 everyday and then two times a week I make a gold
• 21:45
  and silver specific video on the Ron's Basement YouTube channel.
• 21:49
  Anyway, I sat down here and said we are going into stadflation
• 21:54
  there. Nobody believe me, nobody
• 21:56
  believe me, there's the bear. That gold price was going to get
• 22:00
  above $3000 either. I got harassed for that and that
• 22:04
  one I was right on. I'm not always right, but I was
• 22:06
  right on that one. We are in stagflation.
• 22:08
  Stagflation. I got good news will be very
• 22:12
  good for the price of cryptocurrency.
• 22:15
  This is some big time high level macroeconomic stuff we're going
• 22:19
  to talk about but I'll make it real simple for you and it's
• 22:22
  very important that you understand it.
• 22:24
  But the first thing you need to understand is that this guy, OK,
• 22:28
  this guy Jerome Powell, that was the big thing yesterday at the
• 22:32
  Federal Reserve. We love you Jerome.
• 22:34
  OK, but it's all about smoke and mirrors.
• 22:38
  When you think of him, think of the Wizard of Oz, because
• 22:41
  everything they're doing is, I'm sorry, I have to say this.
• 22:45
  And I know that Thomas Jefferson and Andrew Hamilton, Andrew
• 22:49
  Jackson, Alexander Hamilton, I don't know whoever the guys that
• 22:53
  wrote the US Constitution are rolling over in their graves
• 22:57
  because they don't like it either.
• 22:58
  There's a lot of smoke and mirrors.
• 23:00
  Think Wizard of Oz when you think about Jerome Powell.
• 23:04
  So whatever happened yesterday, oh, they didn't raise rates,
• 23:06
  blah, blah, blah. Let's just quickly run through
• 23:09
  what's going on with that. So you're up to speed when
• 23:12
  you're at the Country Club later, you can you can speak
• 23:16
  intelligently about what's going on with the Federal Reserve and
• 23:19
  monetary policy. The Kobe C letter, they're
• 23:22
  great. Put out this little summary.
• 23:24
  So I'm not going to waste your time.
• 23:25
  Fed Fed left rates unchanged for the third straight meeting.
• 23:29
  Fed said inflation remains somewhat elevated.
• 23:32
  Yeah. Have you been to the grocery
• 23:33
  store lately, Jerome? Everything cost twice as much as
• 23:36
  five years ago. Uncertainty about the outlook
• 23:39
  has increased. So there's uncertainty.
• 23:42
  Risk of higher unemployment and inflation have risen.
• 23:47
  That's the key right there. the Fed is a tenant to risks in both
• 23:51
  sides of their mandate. OK, we're going to come back to
• 23:54
  this. The Fed appears to see higher
• 23:56
  risk of stagflation ahead. Oh my God. the Fed pause
• 24:01
  continues despite Trump calls for cuts.
• 24:04
  OK, so risk of higher on it. Let me get my markers out here
• 24:08
  real quick. We're going to break this down
• 24:10
  in 2 minutes. The two-minute breakdown.
• 24:12
  Risk of higher unemployment and inflation.
• 24:15
  Higher unemployment means a slowing economy.
• 24:18
  Inflation is inflation. That means a slowing economy is
• 24:22
  stag, and inflation is flation. That is stagflation.
• 24:26
  OK. They say there's risk to both
• 24:28
  sides, and the very fact that they're saying this is key, OK,
• 24:34
  And let me tell you something right now.
• 24:37
  Let me tell you something very important about what's going on
• 24:40
  with the Fed, OK? But it is shocking, and I'll
• 24:44
  tell you the reasons why it's shocking.
• 24:46
  If the Fed is talking about stagflation, if the Fed is
• 24:52
  telling us, right, that there's problems with employment and
• 24:57
  there's problems with inflation, take a step back for a second.
• 25:01
  I got to show them to you again because this guy is only always
• 25:07
  going to print or or present him right.
• 25:11
  We love you, Jerome. The most optimistic of
• 25:16
  perspectives, if he's saying that, right, like they're always
• 25:20
  going to paint the rosiest picture, Ben Bernanke.
• 25:23
  Right before the great financial crisis, was it Ben Bernanke?
• 25:26
  Yeah. But anyway, was it Congress
• 25:28
  saying everything's fine, everything's great, everything's
• 25:30
  wonderful, right? These guys paint the rosiest.
• 25:33
  If the rosiest picture they can paint is that we're basically up
• 25:38
  a Creek without a paddle when it comes to inflation in the
• 25:41
  economy and the tariffs, we are potentially in big trouble.
• 25:45
  I don't want to going to be the town cry or the Sky's falling,
• 25:49
  but we need to be attentive to what is going on now.
• 25:51
  This is this is where this this can blow your mind and I'm going
• 25:57
  to do my best you can critique me to explain this June a very
• 26:00
  it doesn't matter what they do with rates.
• 26:04
  OK, let me explain this to you right now.
• 26:06
  Hold on a second here. I'm getting get somebody's
• 26:08
  bombarding me with text messages.
• 26:10
  OK, everything's fine. Here's why everybody's clamoring
• 26:15
  for the Fed to cut rates. the Fed to cut rates.
• 26:17
  I got a little secret for you. the Fed may have already cut
• 26:21
  rates. And I'm explain to you why.
• 26:23
  If this hand right here, right? This hand represents inflation.
• 26:29
  So inflation's right here, right now.
• 26:31
  This hand represents the current interest rate that the Fed has
• 26:35
  from their monetary policy. OK, And the Fed cuts rates like
• 26:39
  everybody wanted Woo Hoo, it's party time.
• 26:41
  It's party time. Everything's great because that
• 26:44
  gap, right, is widened. Now let's go back again.
• 26:48
  If this is the current interest rate, I'm sorry.
• 26:52
  Yeah, the current inflation rate, and this is the current
• 26:55
  interest rate again, instead of cutting interest rates.
• 26:59
  OK, which everybody cheers, right.
• 27:01
  If if they leave interest rates where they are, but the
• 27:06
  inflation rate goes up, isn't that the same thing?
• 27:10
  Isn't it 6 1/2 dozen the other right in real terms, right,
• 27:15
  Instead of in, in instead of having the inflation rate and
• 27:19
  cutting rates, right. OK, they leave rates where they
• 27:23
  are, but inflation goes up. It's the same thing, OK?
• 27:27
  It's the same thing. That's why I was like, oh, the
• 27:30
  feds are not cutting rates. The feds are not cutting rates.
• 27:32
  While in real terms, I would argue that maybe they are.
• 27:38
  OK, I hope that makes sense. Go back and watch the replay.
• 27:41
  It's one of those concepts kind of like understanding how
• 27:45
  currencies relate to each other. They can be a little difficult
• 27:48
  to understand, but trust me. Trust me, right, if inflation
• 27:53
  skyrockets, right, and they just leave rates where they are,
• 27:57
  that's the equivalent of cutting rates with inflation staring
• 28:01
  where it is. OK, I won't say it again, but
• 28:03
  very, very, I think critical for people to understand and
• 28:07
  nobody's talking about it. I'm always given constant that
• 28:09
  nobody talk, right? I was.
• 28:12
  I'm not bragging because I'm wrong plenty of times.
• 28:14
  You can ask Susie, I have to admit to her constantly that I'm
• 28:17
  wrong, but I predicted the stagflation thing a year and a
• 28:21
  half, two years ago. And let me tell you something.
• 28:23
  Why stagflation? There's a reason why stagflation
• 28:27
  is should be of critical interest to anyone invested in
• 28:30
  crypto currencies or precious metals.
• 28:33
  Because when you go back to the 1970s, back when I was a little
• 28:36
  boy, all right, that was a period of time where non Fiat
• 28:41
  assets, which at the time were just gold and silver, there was
• 28:44
  no crypto. I remember I was like 5 years
• 28:47
  old and like, I want you to Unicorn fart dust.
• 28:49
  I know there was no crypto. Gold and silver skyrocketed.
• 28:52
  This time around, it's going to be gold, silver and crypto and I
• 28:57
  believe don't make any financial decisions.
• 28:59
  I'm just giving you my opinion. Unicorn fart dust is like really
• 29:05
  setting itself up to do well. Oh, I wanted to check with Susie
• 29:10
  one more time. Susie, am I sometimes wrong
• 29:13
  about things? Oh.
• 29:15
  Yes, absolutely. OK, thank you over everything.
• 29:22
  OK. OK.
• 29:26
  Yeah, Yeah. I'll tell you, that's one big
• 29:28
  lesson I learned in life. I was talking to somebody about
• 29:30
  this the other day. I'll give you a life lesson.
• 29:33
  OK. Some people, including a few
• 29:37
  people I know, but some people right, have a hard time ever
• 29:41
  admitting they're wrong if you have.
• 29:43
  Everybody makes mistakes, everybody screws up, everybody
• 29:47
  has a temper, whatever. Let me tell you something,
• 29:50
  Butter cups, dusters, diamond hood dusters and super dusters.
• 29:54
  It's OK to admit when you make a mistake.
• 29:56
  It's OK to actually apologize. It's like actually a freeing
• 30:00
  thing to say. You know what?
• 30:03
  And I didn't look, you know, I'm not going to let you in too far
• 30:05
  into my personal life, but occasionally I have to look at
• 30:08
  Susie and say, you know, it's not just about apologizing.
• 30:13
  But I'd say, you know what, Susie?
• 30:14
  I recognize sometimes I get crabby at night.
• 30:18
  Well, anyway, I'll have to say the next day like, you know, I
• 30:22
  recognize, I recognize what I did or what I said last night
• 30:26
  was wrong and I'll do my best in the future to correct that
• 30:31
  right. Don't just say I'm sorry.
• 30:32
  I'm sorry. That's like self pity.
• 30:34
  No, So you know what? I recognize that my behavior was
• 30:38
  inappropriate and I'll do my best and I do, and it actually
• 30:42
  works and it's kind of freeing. Anyway, where am I going here?
• 30:46
  Let's do duster of the day. Nobody's perfect.
• 30:52
  OK, let's do a three second smile when I say go and you do
• 30:56
  it. You smile for three seconds.
• 30:58
  Go. You can giggle and talk while
• 31:04
  you're doing it. All right guys, let's do duster.
• 31:07
  Dotd, baby, it's DOTD time in today's DOTD is jam.
• 31:16
  Hello, Jam. And if I had this correct, jam
• 31:18
  was doing like some duster onboarding things.
• 31:21
  We love you jam. We love all the dusters trying
• 31:25
  to make make it out of the corporate world and retire this
• 31:29
  year. Wow.
• 31:30
  I like baking plants, gardening, crafts.
• 31:32
  I just want to be Martha. All right, let's go read what
• 31:35
  Jam had to say to us. And I apologize.
• 31:40
  Sometimes I don't know the gender.
• 31:42
  I believe Jam is a lady, but I could be wrong.
• 31:47
  So if I'm wrong, I'm really sticking my I'm really sticking
• 31:51
  my horn in my mouth. OK, Jam, special message.
• 31:57
  Where are we? There we go.
• 31:58
  OK, Jam says. Hello, Ron and Susie.
• 32:02
  Hello, fellow dusters and butter cups.
• 32:05
  We love butter cups and we also love prodigal unicorns.
• 32:09
  I need to remember to talk about that later.
• 32:10
  I'll keep this short and sweet. I'm honored to be the duster of
• 32:13
  the day. I'm so glad to be a part of this
• 32:16
  community and see where the rest of 2025 and beyond takes us.
• 32:21
  We have the best dev to support us, so it's pretty easy to show
• 32:24
  up consistently and have fun while doing so.
• 32:27
  And I'll never get over how talented the people in this
• 32:31
  community are. That is the absolute truth.
• 32:35
  That is one of our defining characteristics.
• 32:38
  That's what sharpens our horns. Dusters OK And how much we all
• 32:44
  want to win and know we can do it by working together.
• 32:48
  I dream of ending my corporate work life this year.
• 32:51
  I know UFD will be the catalyst that takes me there.
• 32:54
  I so look forward to the Duster meet up at the end of June and
• 32:57
  connecting with everyone in real life.
• 33:00
  It'll be a magical time. Thank you Jam, thank you for
• 33:03
  writing that. Thank you for being part of the
• 33:06
  community. Dusters.
• 33:08
  Dusters, We're going to install Jams Golden Horn in one second.
• 33:14
  That is what it's all about. You do the hokey pokey and you
• 33:18
  shake yourself about, but that is what it's all about Jam,
• 33:23
  right? We're going to we're going to
• 33:24
  we're going to we're going to honor jam jam today.
• 33:28
  Why am I my brains malfunctioning?
• 33:30
  Yes, we are right. We're going to honor you too.
• 33:34
  We're part of a of a web, a web of unicorns of dusters working
• 33:40
  together. That was the keyword in that
• 33:43
  statement together. So Jam, look, thank you for what
• 33:47
  you're doing. OK, everyone out there, let's
• 33:49
  all feel our horns. You feel your horn, right?
• 33:52
  Today, Jam gets the special golden horn, and I'd like you
• 33:57
  all to join me. Come on, you can do it, right?
• 33:59
  Reach out to your camera. Right.
• 34:01
  Let's all boy, let's get it on there.
• 34:05
  Good. Boom, install jams, Golden jam.
• 34:08
  You are the duster of the day. Everybody go out.
• 34:10
  I'm going to put out a post later.
• 34:12
  Please go follow jam, give jam some congratulations.
• 34:15
  Let's jam for jam Jammity Jam, jam, jam, jam, jam.
• 34:19
  Let's go look at some fun stuff, which would be let's start with
• 34:24
  our friend Royale Royal has been contributing.
• 34:27
  Awesome. What do you call the short
• 34:30
  videos? I don't know, but whatever
• 34:31
  they're called, they're awesome and they crack me up.
• 34:34
  So let's do this. What's the pink porn?
• 34:41
  Oh, wait a minute, wait a minute.
• 34:43
  Hold on, hold on, hold on. Welcome to live streaming with
• 34:51
  with the with the dusters. OK, now we got it up there.
• 34:55
  All right, I got to admit, this song is growing on me.
• 35:01
  The Pink Pony Club. All right, here we go.
• 35:04
  Thank you, Royal. What?
• 35:05
  There I am. I can dance like that.
• 35:08
  And Leo. Oh, man.
• 35:13
  Sing movie touch. I wish I could learn how to do
• 35:22
  that dance. Maybe, you know, that's what I
• 35:24
  want to come up with the Unicorn dance.
• 35:26
  Right? I like the goggles.
• 35:29
  I see you. I see you, right.
• 35:33
  It's fun to dance. All right, all right, let's go
• 35:36
  to the next one. Oh, boy.
• 35:38
  OK, you know what? Before I do that, wow, I almost
• 35:41
  forgot. Very important, right?
• 35:43
  This is not possible with the support of our sponsors,
• 35:46
  including Ledger. Ledger, we can spell it, but
• 35:52
  more importantly, right, They are the hardware wallet
• 35:56
  cryptocurrency security leader. They came to my rescue after the
• 36:01
  hack. They're there, they're
• 36:03
  available, right, to help people secure their cryptocurrencies,
• 36:07
  whether it's UFD or other cryptocurrencies.
• 36:10
  They got the best app in the world, Ledger Live.
• 36:12
  I use a Ledger Flex. I absolutely love working with
• 36:17
  the Ledger division device and the Ledger app.
• 36:20
  It's it's a it's a top notch first class experience.
• 36:23
  So please help support Ledger. They're supporting us, They're
• 36:27
  making this possible and it's a big, big deal.
• 36:30
  On a very serious note that we have such top tier sponsor, our
• 36:34
  other top tier sponsor Moon Pay, right, the fintech leader on
• 36:40
  onboarding 30 million plus people from from Fiat into
• 36:45
  crypto. You know, a wonderful company,
• 36:48
  highly respected, another big deal that they're part right of
• 36:52
  our journey and supporting this, making this happen.
• 36:56
  The other thing I want to mention about Moon Pay is that
• 36:58
  you can now, you can now buy digital tokenized gold on the
• 37:03
  Moon Pay platform, right? It's Tether gold.
• 37:06
  It's from Tether, the same company that brought us USDT,
• 37:10
  the big stable coin. But Tether gold combines the
• 37:14
  benefits of owning physical gold, which there's certain
• 37:19
  components of owning physical precious metals.
• 37:21
  They can be a little cumbersome. So it combines though the
• 37:24
  benefits of owning physical with the huge benefits of the
• 37:28
  blockchain of tokenization, of digitization, right?
• 37:31
  Things like you can trade it 24 by 7, you can transport it with
• 37:36
  you cuz it's digital anywhere in the world, right?
• 37:38
  Try taking 100 ounces of gold on an airplane.
• 37:41
  You might have a little trouble right?
• 37:43
  The other big critical key thing is that each one of those tokens
• 37:47
  each one of the XAUT tokens that's the symbol is backed by 1
• 37:53
  ounce of physical gold and a vault in Switzerland.
• 37:56
  These are LBMA good for delivery bars and you can also redeem it
• 38:02
  if you want to as well. Let me show you a real quickly
• 38:05
  just if you want to check it out here is the here is the I'll
• 38:11
  accept it sure tether gold XAUT website.
• 38:15
  There's a lot of great information out there so check
• 38:18
  hold on here wrong site hold on here.
• 38:24
  I was showing myself dancing now we're going to show you the
• 38:28
  tether gold XAUT website great information out there about gold
• 38:33
  great information out there about XAUT as well.
• 38:36
  So thank you moon pay thank you Ledger thank you to everybody
• 38:40
  right to help support this. We got more to talk about.
• 38:42
  All right, let's go out and check out this from our friends
• 38:48
  at Champs Only continue to advertise us as the top meme
• 38:55
  coin out of the top 15 meme coins rated up.
• 39:00
  Did you Susie, did you say something by Hype and chaos?
• 39:05
  We are #1 OK, continuing, and this is hilarious.
• 39:11
  Say anything. OK, Sorry.
• 39:16
  Susie sneezed upstairs and I thought she was saying something
• 39:19
  to me. This one's hilarious.
• 39:21
  This one. You know, this is part of what
• 39:23
  makes U.S. special here, guys, let's show this.
• 39:26
  Susie sent this last second from Mason.
• 39:30
  Pick up. Pick up a copy of Dusty's new
• 39:32
  book, The Fart of the Deal. Includes fart natural device and
• 39:36
  tutorials, 2 tutorials for true believers in the magic of
• 39:41
  Unicorn fart does. And there's the number one
• 39:44
  national bestseller new book Dusty the fart of the deal.
• 39:48
  I think a play on Donald Trump's the art of the deal.
• 39:51
  So hey guys, thanks for being here, right, right.
• 39:54
  We got 600 people together on a what Thursday morning, right?
• 39:59
  We are UFD, we are special, we are digital scarcity and a lot,
• 40:04
  lot more. Right, a lot more.
• 40:07
  So keep up the great work. I appreciate you.
• 40:10
  Don't forget. Please retweet this, subscribe
• 40:13
  on YouTube if you're not already #1 have a great day.
• 40:17
  I think we have unlimited potential.
• 40:19
  See where this goes. Take care and I'll see you.
• 40:22
  Yes, you soon.