Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 👊 THIS makes the Difference for $UFD!

Transcript

👊 THIS makes the Difference for $UFD! · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:32
  Hey None. guys, welcome to the live stream.
• 0:34
  Welcome to the basement, welcome to the Duster Club.
• 0:37
  Horns up. OK, my fellow unicorns.
• 0:40
  We got a lot to talk about today.
• 0:42
  We got a lot of things going on. I got a little emotional
• 0:46
  earlier. I'll share that with you later
• 0:48
  in this video. A lot of things going on that
• 0:52
  that are going to impact the future of Unicorn fart dust.
• 0:56
  But the number one thing I want you to think about this, it's
• 0:59
  going to impact the future of our community as dusters, as
• 1:04
  diamond hood dusters is you and it's a big deal that you are
• 1:08
  here right now. Thank you.
• 1:10
  Please retweet this, subscribe to the YouTube channel, watch us
• 1:14
  on TikTok, watch us on Reddit, we're on LinkedIn, we're on
• 1:18
  Facebook, guys, we are everywhere spreading the dust.
• 1:22
  And I know that you are doing something everyday to help more
• 1:25
  people learn about UFD. And I'll just be honest with
• 1:29
  you. I got a little emotional this
• 1:31
  morning. I was looking at the bean base,
• 1:34
  big operation bean base contest that Emma was doing.
• 1:38
  We're going to look at that earlier.
• 1:39
  And it made me think about us and about UFD.
• 1:42
  And I wrote this down. I was like, you know, we are
• 1:45
  good attracts good, right? We are like the, the, the, the
• 1:48
  meme coin in the community that's based on truth, honesty,
• 1:53
  fairness, inclusiveness, like open to everybody.
• 1:58
  And it just dawned on me as I looked at all these different
• 2:02
  entries that people had made into this contest, all the work,
• 2:06
  all the things going on out there.
• 2:08
  How many of us have poured our heart and soul into UFD?
• 2:14
  And I want to believe and I do believe and I ask you, do you
• 2:17
  believe that in the long run, right?
• 2:20
  This absolute, absolute special situation that we have right now
• 2:25
  will prove to be successful that, you know, look, I made
• 2:29
  this as an experiment. I had no idea what I'm doing,
• 2:32
  OK? No idea what was going to
• 2:35
  happen. And can and will this experiment
• 2:39
  prove successful, right? We're kind of like the United
• 2:42
  States. You hear that about the United
• 2:44
  States and the democracy. We're the first country that was
• 2:47
  ever kind of built this way, like an experiment, and that's
• 2:51
  what we are with UFD. But we're an experiment based on
• 2:55
  really true democratization, true honesty, true transparency.
• 3:02
  Look, I can look you in the eye and tell you that I've been
• 3:05
  absolutely transparent with you from day one.
• 3:08
  And, and the, and all the leaders within the UFD
• 3:10
  community, That's what we pride ourselves on.
• 3:13
  So will it work, right? How successful, I guess is a
• 3:17
  better question. How successful will we be?
• 3:20
  How high will we climb? Because I'll sit here and argue
• 3:24
  with any of you. Anybody you want to argue, Come
• 3:27
  on, let's argue. Look, we can go and be as big or
• 3:32
  bigger than any other meme coin. We can be as big as as any
• 3:38
  crypto, right? What's stopping us?
• 3:41
  Any crypto. We are a cryptocurrency meme
• 3:43
  coin. And remember, some of these
• 3:46
  other meme coins have market caps that are hundreds if not
• 3:51
  thousands of times larger than where we are right now.
• 3:54
  But it's important for you to remember one thing.
• 3:57
  We are still very, very young. We are little baby unicorns,
• 4:01
  right? We, the UFD, we're only five
• 4:04
  months old. We're not even six months old,
• 4:06
  guys. So bear that in mind.
• 4:09
  We are still early. We are still in the nest, right?
• 4:13
  We are still going through growing pains and learning,
• 4:17
  right? And, and in particular, right,
• 4:21
  because of the fact that we are a true decentralized
• 4:24
  democratized situation, very similar to how Bitcoin started,
• 4:30
  right? And a lot of people in the early
• 4:32
  days of Bitcoin, they're non believers.
• 4:33
  What there's non believers in UFD.
• 4:36
  There are people out there that are rooting against us, but
• 4:39
  there's a lot more people who are rooting for us.
• 4:43
  And I believe that we have unlimited potential as we go
• 4:47
  down the road. Now, my disclaimer, I'm not a
• 4:49
  financial advisor. Don't buy or sell anything.
• 4:52
  Don't make any financial decisions based on what I say.
• 4:56
  Of course, don't adopt A puppy, get engaged, don't do anything.
• 4:59
  OK? Always be responsible.
• 5:02
  And I do need to disclose to you or would like to disclose to you
• 5:05
  that when I talk about UFD, yeah, I'm like you.
• 5:09
  I have a horn on my head. I feel your horn.
• 5:11
  Dusters. Horns up.
• 5:13
  Hold on. Horns up, dusters.
• 5:18
  Right. We've got a lot to be excited
• 5:21
  about. OK?
• 5:22
  Up to and including the fact that this week.
• 5:25
  And I owe you another apology. Big apology.
• 5:28
  When I'm wrong, I'm wrong. Received a bunch of emails, a
• 5:31
  bunch of messages informing me that I did not make a big enough
• 5:36
  deal of our HTX listing earlier this week.
• 5:40
  So I'm going to make a big deal about it now.
• 5:42
  It was a big deal. Then it is a big deal.
• 5:45
  Remember guys, this is HTX and I was now I can't understand why
• 5:50
  everybody's yelling at me, Ron, this is a big deal.
• 5:53
  They have 1.7 million followers now.
• 5:56
  This is a major exchange in Asia.
• 6:00
  And if we remember correctly earlier in the week, we learned
• 6:06
  this from HTX, right? New listing, right?
• 6:10
  Deposits open and they, you know, they're out there.
• 6:13
  They're putting us in tweets, right?
• 6:15
  There's UFD details below here. We'll click on this let's see
• 6:22
  what this brings up HDX will list UFD in the innovation zone
• 6:26
  and that was on May 12th so a major deal but what's even a
• 6:30
  bigger deal about that is guys I got a little secret for you that
• 6:39
  all happened without that all happened organically.
• 6:44
  That all happened because of you, because of the community,
• 6:48
  because of what we accomplished over the last five months.
• 6:54
  Okay, I'm not going to lie to you.
• 6:56
  Last weekend I was not on the phone with HTXI, was not on the
• 6:59
  phone with market makers or anything of that order.
• 7:03
  That happened completely organic and we are very grateful.
• 7:06
  We tip our horns to our friends at HTX and I apologize that I
• 7:12
  didn't make as big of a deal out of it as it truly was.
• 7:16
  But the biggest deal about that is it shows us that if we show
• 7:20
  up 1 hoof at a time, right? Are you diamond hooved?
• 7:25
  Do you know what diamond hooved means?
• 7:27
  Right? Are you a diamond hooved duster?
• 7:30
  We show up 1 hoof at a time, right?
• 7:34
  It's you know, I know what it feels like it's 9:00 at night or
• 7:38
  it's 2O clock in the afternoon and you think I should tweet
• 7:41
  something about about UFDI should go watch it on the I
• 7:46
  should go subscribe to the Unicorn fart dust YouTube
• 7:49
  channel. I could do this.
• 7:51
  I could and you make the decision to do it 1 hoof at a
• 7:55
  time to help spread the dust because what we have is a great,
• 8:00
  great message to share. I got to turn Susie on.
• 8:03
  Excuse me, I need to turn on Susie.
• 8:06
  A great message to share with the world.
• 8:09
  We have something positive, something good in the world of
• 8:13
  crypto, in the world in general, but that doing that one little
• 8:19
  step at a time, right, that creates big things happening
• 8:23
  like an HTX listing. We also got listed on exchange
• 8:27
  IO and let's not forget either. We aren't forgetting about our
• 8:30
  friends here in the West, right? With Kraken.
• 8:34
  We're on a tier one exchange now that happened as a result of
• 8:38
  coming together of the community, right?
• 8:41
  These are the things that we have accomplished.
• 8:43
  These are the things that we can accomplish.
• 8:46
  These are the things that we will accomplish, but we got to
• 8:50
  remember the critical thing, the critical point, and that is that
• 8:54
  this is a community. A cryptocurrency based on
• 8:59
  goodness, based on good, attracts good, based on honesty,
• 9:05
  integrity, transparency, fairness, and prosperity, right?
• 9:10
  This is an open plane book. It's the blockchain.
• 9:13
  It's all out there. Everybody gets a fair shot.
• 9:16
  Everybody. I know I've been hearing people
• 9:19
  talk about people manipulate the chart, blah, blah.
• 9:21
  I don't care in the long run. In the long run, right?
• 9:26
  Honesty, integrity, I need to blow off a little steam.
• 9:30
  You want to blow off a little steam with me?
• 9:33
  Fairness, that's going to win because there's only 999 million
• 9:37
  beans that have ever been created.
• 9:39
  That's that line right there. This jar represents all the UFD
• 9:43
  tokens available in the world. OK, Each bean in there, you're
• 9:47
  one of them. Pick a bean.
• 9:49
  Oh, I think I see you. My favorite color is orange.
• 9:52
  I'll make you the orange bean. Right.
• 9:54
  As we get more and more and more and more and more people that
• 9:58
  join us because we're about good, attracts good, you guys
• 10:02
  got to be mad at me about that. I forget to talk about that
• 10:05
  enough also, right? This is good attracts good.
• 10:07
  This is fairness, honesty. This is a guy, right, who made
• 10:12
  this as an experiment and then, Oh my gosh, believe it or not,
• 10:17
  didn't try to RIP people off and was just honest.
• 10:21
  Are we going to make it work? Dusters, huh?
• 10:25
  Are we? I'm going to bang my hoof on the
• 10:26
  table. Are we going to make it work?
• 10:28
  I can't bang too hard. I'll loosen a connection and
• 10:31
  we'll have a technical problem. Are we?
• 10:34
  How, how high can we fill the jug?
• 10:37
  Because when we get about here, okay, When we get about right
• 10:40
  there, OK, there starts to be a little bit of a bean shortage.
• 10:44
  And when we get up here, there's a beanopoly.
• 10:47
  Now look, I can't make predictions.
• 10:49
  I don't have a crystal ball. But I can guarantee one thing.
• 10:52
  When the supply of anything, including potentially Unicorn
• 10:57
  fart dust beans, gets constricted, the laws of supply
• 10:59
  and demand dictate that the price should go up.
• 11:06
  OK, and we. Something feels good about that.
• 11:18
  OK, so we got Kraken. Let's go look at that.
• 11:21
  Let's run through. We're going to now we're in now
• 11:23
  we're in Hyperzone. Here guys.
• 11:24
  Here we go. That was our friends at HTX.
• 11:28
  Thank you, HTX, we love you. Thank you.
• 11:30
  Welcome to all our new friends in Asia as well, because HTX is
• 11:34
  huge in Asia. I don't know 10s of millions of
• 11:38
  customers here is look at this from Kraken Pro Kraken is
• 11:43
  tweeting this earlier in the week.
• 11:45
  Lucky #7 does anything on there look familiar to you?
• 11:49
  Oh let's let's get it up on the full screen.
• 11:52
  Am I sharing this tab? Yes.
• 11:55
  There we go. Do you see anybody on there that
• 11:57
  looks familiar to you? I do over on the right hand
• 12:01
  side. That's Kraken.
• 12:03
  The Kraken. OK, next, next.
• 12:06
  And we're also on exchange IO. That was the other listing that
• 12:09
  we got this week. Another, another listing,
• 12:12
  another exchange bringing on two in one week.
• 12:15
  That's a big, big deal. But all right, our next target.
• 12:23
  Here's a personal, personal message for Brian Armstrong, CEO
• 12:28
  of Coinbase. Brian, please pay attention to
• 12:32
  what the UFD community is saying to you, right?
• 12:36
  Pay attention to the heart and soul that the community is
• 12:40
  putting into to get your attention.
• 12:43
  Pay attention to what is probably the shining horn, the
• 12:48
  shining light in the crypto world.
• 12:50
  Something different, Brian, Something based on honesty,
• 12:54
  integrity, goodness, doing good. Pay attention because there's
• 13:00
  only one Unicorn fart dust. And right now I want to draw
• 13:05
  your attention our, our viewer to the fact that today, today's
• 13:09
  your last day to enter Operation Bean Base.
• 13:13
  Emma, this got me emotional later, earlier.
• 13:16
  I'm I'm not going to cry now because you don't pay.
• 13:18
  You don't pay me with your time to hear me cry.
• 13:21
  But today is the last day of Operation Bean Base, a contest
• 13:26
  where we are putting out memes to get the attention of Mr.
• 13:29
  Brian Armstrong. Brian, we're glad you're here
• 13:31
  watching with us today to to get their attention so they realize
• 13:37
  the benefit that they could have by listing UFD.
• 13:41
  We're also interested in Robin Hood.
• 13:42
  But Brian, right today and Coinbase, you are the apple of
• 13:46
  our eye. And I invite you, Brian, to come
• 13:49
  look at some of these memes that people are putting together.
• 13:53
  Today's the last day. Operation Bean Base.
• 13:55
  Get a beam together, put it together, Reply to Emma's
• 13:59
  thread. You can win 10,000 beans, 5000
• 14:02
  beans, 2000 beans, 500 beans, or a Ledger Flex.
• 14:07
  And let's just go through and look at some.
• 14:10
  Am I sharing this? Hold on.
• 14:17
  Boom. Yeah.
• 14:18
  OK, let's go through and look at some of these entries.
• 14:22
  There you are, Brian. What do you think, Mr.
• 14:24
  Armstrong? We love you.
• 14:26
  All right, there's another entry.
• 14:28
  Look at these entries. Look at this.
• 14:30
  I was, as I was scrolling through these this morning, it I
• 14:34
  just thought of all the people out there, all the dusters.
• 14:38
  And and it's not just look, not all of us have these artistic
• 14:41
  abilities. No doubt about it.
• 14:43
  This is a great one. That's the meme of the century,
• 14:46
  right? When?
• 14:47
  Lambeau, all the people. By the way, I drive a 2012 Honda
• 14:54
  Odyssey minivan. The meme coin Avengers are
• 14:57
  ready. Look at that.
• 14:59
  That is awesome. With Coinbase.
• 15:02
  We're ready. OK, look at this one.
• 15:05
  Next stop, Coinbase. I mean, that's beautiful.
• 15:12
  That is beautiful. So guys, don't forget.
• 15:14
  Oh, hey, there's a family photo there.
• 15:16
  We are Dusters. What do you think?
• 15:19
  Bean dip mogul. Look at that, tell you that.
• 15:21
  And it just goes on and on. I don't know how many entries.
• 15:24
  Emma will probably give us a grand total.
• 15:26
  Emma Bear, Emma Bowl, I apologize.
• 15:30
  Emma Bowl is working tirelessly on this.
• 15:33
  Here's one more piece of art I wanted to show you from Fruvic.
• 15:38
  Look at this. OK, All right, Brian, we have
• 15:42
  your attention. Now you can list us.
• 15:45
  We promise we'll be good. Look, look back the last five
• 15:48
  months where the where we are, the community that and it's all
• 15:52
  over the world that is having a movement based on on very, very
• 15:57
  solid foundational principles, hip honesty, integrity and
• 16:02
  prosperity. All right, let's go look at
• 16:04
  what's going on in the social world.
• 16:06
  This is what makes it happen, guys.
• 16:09
  And we'll start here, OK? This was from prom #3 baby.
• 16:17
  UFB will be the number one meme coin on Solana.
• 16:21
  There we are, right? Right up there with peanut.
• 16:23
  UFD is is luck. I mean, fart coins not so far
• 16:28
  ahead of us. And here's another one from I
• 16:30
  think the Solana post. Yeah, UFD climbs #3 in social
• 16:35
  dominance and mentions across the pump fun ecosystem.
• 16:40
  That's per lunar crush, right? We're crushing it, guys.
• 16:43
  We are crushing it and it will pay off.
• 16:46
  There's no doubt about it. Hey, look, I understand.
• 16:48
  I know, right? The, the price.
• 16:51
  And it's not just us like these, the, the meme coin sector in
• 16:54
  general. You look at our peers, you
• 16:57
  though we don't like to compare ourselves.
• 16:59
  Everybody kind of shot up and now we pulled back a little bit.
• 17:03
  Look, nothing goes straight up. I can't make any guarantees
• 17:07
  about what goes, what happens, but I can guarantee a couple
• 17:11
  things #1. Nothing ever goes straight up, I
• 17:15
  can guarantee, right? So you'll go up, you'll come
• 17:18
  back, you'll go up, you'll come back.
• 17:20
  Anything that has gone up. Look at any stock chart, Apple,
• 17:23
  NVIDIA, anything. OK, it goes up, it comes back.
• 17:27
  It goes up. The, the, the, the, the critical
• 17:30
  thing is that we want to continue on an upward
• 17:33
  trajectory. Again, no crystal ball.
• 17:36
  What I can guarantee you are two things #1 one, we've gotten
• 17:40
  where we are OK right now, which is a lot better place than we
• 17:45
  were, let's say six weeks ago, 4 weeks ago, because of you,
• 17:50
  because of the NFT projects, because of DJ, because of your
• 17:56
  work that you're putting in, because you're tall, telling
• 17:58
  your friends, your mother's, whatever.
• 18:00
  That's one thing we can guarantee.
• 18:02
  The other thing I guarantee is if and as right now, today, we
• 18:07
  show up day by day by day by day, continue to spread a
• 18:12
  message of good, a message of fairness, a message of
• 18:16
  transparency, integrity, honesty.
• 18:19
  We will continue to attract more and more people and we will
• 18:23
  continue to forge a community that will go places.
• 18:28
  Here's the other thing I wanted to show you.
• 18:29
  There's a way you can get, you can track.
• 18:33
  Maybe Emma can explain this more to the community.
• 18:38
  Hold on here. Yep, we got it.
• 18:42
  OK, so this was from Emma. Even if you're a small account,
• 18:46
  you can contribute enormously to UFDI.
• 18:49
  Have barely 1400 followers yet Lunar Crush Analytics says I'm a
• 18:53
  regular top contributor to UFDS social stats.
• 18:58
  So there's a way that you can, you can track.
• 18:59
  Oh, look at that. OK, I'm, I'm at #2 Amazon there.
• 19:03
  Dark Duster, Sarah coin craft and the burger man is is there
• 19:07
  as well, but I looked at this down here trending crypto
• 19:12
  currencies. OK, this says crypto currencies.
• 19:17
  Wait, see if I can show you this.
• 19:19
  I thought this was interesting. How do we get this to go down?
• 19:23
  Hold on a second here. All right, well, I'll do it over
• 19:26
  here. OK, Doge is #1 Pepe.
• 19:29
  Trump's up there. Fartcoin.
• 19:32
  I wonder if you have DS on this list anywhere.
• 19:34
  Oh, there we are. Right here, guys, We are number.
• 19:38
  Let's just draw a pretty red circle around us, right?
• 19:42
  We are #18 see that right there on the list?
• 19:48
  Now who's above us? Right?
• 19:52
  Let's look at who are right, Peanut Toshi, ape coin troll.
• 19:58
  Oh, shoot, thank you. Susie, what the heck happened?
• 20:03
  Did that happen when I OK, I see what happened.
• 20:07
  Sorry about that guy. So this is the screen that shows
• 20:12
  the most the most active crypto currencies.
• 20:15
  But I believe these are meme coins.
• 20:17
  And again, we're down here. We are #18 and above us, right?
• 20:22
  Our our our coins. That again, for the most part
• 20:27
  are going to have are going to have market caps which are
• 20:31
  sometimes as much as 100 hundreds times larger than we
• 20:35
  are now. Let's watch something fun here
• 20:38
  guys and then we're going to do Duster of the day.
• 20:42
  And so I was wondering what DJ Litimus did before he went on
• 20:47
  live on the before There's Keith Grossman.
• 20:52
  Good morning, Keith. Awesome from moon pay.
• 20:55
  But I was wondering what what DJ let him is how he warmed up for
• 20:59
  his big shows. And I think we finally found
• 21:02
  out. We found this secret video of DJ
• 21:06
  before warming up before his set.
• 21:09
  And here he is watching. Come on, you can do it.
• 21:14
  You can do it and and and yes, you landed it.
• 21:23
  OK, All right, hold on here. All right guys, we are back.
• 21:29
  All right time to do Hold on. Looks like we lost audio.
• 21:35
  Hopefully you guys can see me and hear me.
• 21:38
  If you can see me and hear me, please give me a 5 by 5 in the
• 21:42
  in the in the comments. That would be greatly
• 21:44
  appreciated. OK, let's do Duster of the day.
• 21:48
  And then we're going to talk about, oh, I forgot to warn you
• 21:50
  about this breaking massive, scary news, economic news.
• 21:56
  We're going to get to that. But first, let's do Duster of
• 21:59
  the Day. OK, Thank you, Susie.
• 22:02
  Oh, hey, here's a great opportunity for those of you who
• 22:05
  are new. This is my wife, Susie.
• 22:08
  She communicates with us via walkie-talkie.
• 22:10
  She's very helpful. She loves you.
• 22:12
  She loves the community. Let's all say hi to Susie.
• 22:16
  Good morning, sweetheart. How are you this morning?
• 22:18
  I'm good. Yeah.
• 22:22
  Happy. Happy Saturday and we appreciate
• 22:25
  you. It's nice to nice to talk to you
• 22:27
  Today. We're going to do a high 5 for
• 22:29
  all the community members out there.
• 22:31
  OK, all right, guys, her batteries are running low.
• 22:37
  All right, let's all give Susie high 5, high 5, high 5.
• 22:41
  And how about a three second smile?
• 22:44
  That's when we all smile for three seconds.
• 22:47
  Feels good, doesn't it? Feels good to smile.
• 22:50
  I got to remind myself of that from time to time.
• 22:52
  Right. Let's do the duster of the day.
• 22:56
  Today's duster of the Day is World Blockchain Capital.
• 23:01
  He has been doing a great deal for the UFD community and his
• 23:07
  mom as well. I'm going to read you something
• 23:09
  here that he sent to us. He says.
• 23:12
  When I first saw your interview on the Paul Baron Network in mid
• 23:16
  January, I knew UFD was something special.
• 23:19
  I immediately made my first purchase.
• 23:21
  Help my boomer mother buy some too.
• 23:24
  On the day you shared bad news about your uncle but still
• 23:27
  pushed through the stream, I decided we needed to double
• 23:30
  down. Yeah, that it was like what,
• 23:32
  probably 6 or 7 Saturdays ago, my uncle, I'll call him Uncle F,
• 23:37
  who I grew up with, he like died on the operating table and was
• 23:42
  in intensive care then for like, I don't know, 10 days.
• 23:47
  And actually my mom, I talked to him and I cried and broke down
• 23:49
  because I got the call when I was on the live stream.
• 23:52
  But he's actually doing better and starting to, he's home and
• 23:55
  starting to be able to move around a little bit.
• 23:59
  So that's great news. But I remember, I'll never
• 24:01
  forget that Saturday because I grew up with Uncle Fred, I
• 24:05
  decided we needed to double down.
• 24:06
  Even when my mom and I were in the green and had a chance to
• 24:09
  exit, we chose to stick it out and hold because we believe in
• 24:12
  you. The community's commitment to
• 24:14
  supporting you when your phantom wallet was hacked.
• 24:16
  Yeah, that was another day that I cried along with your
• 24:20
  resilience through the mini bear market is the most inspiring
• 24:24
  thing I've ever seen. Know that the entire community
• 24:27
  loves you and your family and we will stand by you through hell
• 24:30
  or high water. World and Mama world.
• 24:33
  Well, world and Mama world, you are the duster of the day,
• 24:38
  right? What a great message and what a
• 24:40
  great reminder. I'll touch on that in a second,
• 24:42
  but I can't forget. Guys, everybody, do you feel
• 24:44
  your horn, huh? Is there a horn up there?
• 24:47
  I feel my horn. Is your horn tingling?
• 24:52
  Look at what we've done. This is all Susie's fault.
• 24:55
  Your fault too. Look at what we've created in
• 24:58
  this community. Do you feel your horn right?
• 25:01
  We're all part of it. Let's all rub horns.
• 25:05
  The cheesiest thing in the world.
• 25:07
  But that's what us dusters do. 3 second smiles and we rub horns.
• 25:12
  Let's install the golden horn on World Blockchain.
• 25:16
  Man, it's getting heavy, right? The horns getting big.
• 25:19
  We got it. Here we go.
• 25:20
  And help me, guys. World Blockchain Capital, you
• 25:25
  are the duster of the day. A well deserved honor for you
• 25:28
  and your mother. Enjoy your day.
• 25:30
  Duster of the day. We appreciate you.
• 25:33
  And guys, is it is it special, right?
• 25:36
  Oh, that's what I want to talk about.
• 25:38
  Yeah, I guess I don't realize, right?
• 25:40
  Yeah. Our Twitter got hacked.
• 25:43
  OK? My phantom wallet got drained,
• 25:45
  you know that. We went through a bear market.
• 25:47
  We know that. Is it easy to show up every day?
• 25:50
  No. It takes grit.
• 25:52
  It takes determination. It takes discipline.
• 25:57
  It takes honoring a commitment, right?
• 26:00
  That's what you're doing right now.
• 26:02
  That's what I'm doing right now. Because we believe in something,
• 26:08
  we feel connected. We feel like we're in a
• 26:12
  community where we belong, where we're with like minded people,
• 26:17
  not like minded on everything. We got conservative people,
• 26:22
  liberal people, people that are Christians, Buddhist, Islam,
• 26:26
  whatever. It doesn't matter.
• 26:27
  People that have my color skin, people that have darker color
• 26:30
  skin, people that have lighter colored skin, people with black
• 26:33
  hair, people with red hair. You know what I'm saying?
• 26:36
  But when we come here in the UFD, all that gets set aside
• 26:41
  because we have a common goal, something we believe in
• 26:45
  fairness, honesty, integrity, opportunity, right, big
• 26:49
  opportunity that the that the little guys, right, can can
• 26:55
  persevere because the big guys are going to want to get in.
• 26:58
  The big guys, some of the big guys are in.
• 27:00
  But the longer we prove to everyone, right, that we are
• 27:05
  here, that we're not leaving, the crypto really does offer an
• 27:10
  opportunity, right? A fair and level playing field
• 27:14
  where where people coming together and that's you, that's
• 27:17
  me right now can make a big difference, OK.
• 27:22
  Because the system out there feels like it's rigged against
• 27:25
  us. The mainstream system, it is
• 27:28
  rigged against us, right? But that's starting to have some
• 27:31
  problems. I got some scary economic news.
• 27:34
  the United States government had their credit rating slash by
• 27:38
  Moody's on Friday. This is a big, big deal.
• 27:42
  There's like 3 big credit rating agencies in the United States.
• 27:45
  S&P is one of them. Fitch is another one in Moody's
• 27:49
  and I believe it was Moody's was the only one that had yet to
• 27:55
  downgrade the United States debt.
• 27:57
  And after the market, they always, by the way, they always
• 28:00
  put out this horrible type news on a Friday.
• 28:04
  If the if a news story comes out on a Friday after the stock
• 28:07
  market's closed, you can rest assured it's not a good story.
• 28:11
  I'm going to have a sip of coffee and then we're going to
• 28:13
  I'm going to give you some scary details coming up.
• 28:20
  OK, so let's dig into this so we know what is going on out there
• 28:25
  right now. And that's Mr. Stock Market, the
• 28:29
  guy that they always show. Just a couple quick tweets.
• 28:32
  Peter Tuckman said breaking Moody's downgrades the US credit
• 28:36
  rating for the first time in history.
• 28:40
  Stocks are falling after hours on this.
• 28:42
  Not a great way to end a great week again.
• 28:45
  They always put this news out after the market closes.
• 28:48
  This from The Associated Press Breaking Moody strips the US
• 28:52
  government of top credit rating, says the president and lawmakers
• 28:57
  have failed to reverse rising debts.
• 29:03
  Now, I'm going to give you a very simple one minute
• 29:06
  explanation why this is the case.
• 29:10
  This is the US debt clock. All right, let's we're going to
• 29:13
  highlight things that we don't normally highlight on here and
• 29:17
  we're going to do that. And let's try this light blue
• 29:20
  color, trying to find a good color that shows up on here.
• 29:23
  Here's the problem, guys. See this right here, U.S.
• 29:26
  Federal spending, this is how much money our government spends
• 29:32
  every year, $7 trillion, OK, this is how much money.
• 29:39
  This is the tax revenue. That's the green.
• 29:42
  That's how much money that our U.S. government brings in in
• 29:48
  taxes. So they bring in five trillion.
• 29:51
  Oh, but they spend a little over 2 trillion more and that is
• 29:58
  what? So you see that, right?
• 30:00
  That's what they spend, 7 trillion.
• 30:02
  That's what they bring in, 5 trillion.
• 30:04
  So I'm going to get rid of that for one second.
• 30:08
  So that's 7 trillion that they bring in.
• 30:10
  I'm sorry that they spend is 2 trillion more that is this OK,
• 30:16
  the US federal budget deficit. OK, That would be like you as a
• 30:23
  person or a family if you brought in just like the federal
• 30:27
  tax revenue, let's say your, let's say your income for the
• 30:30
  years $50,000, but you spend $70,000, right?
• 30:36
  You don't have to be Albert Eisenhower of a degree in math
• 30:39
  from Harvard University to realize that that can't go on,
• 30:43
  right? You're spending more than you
• 30:44
  bring in creating this deficit, 2 trillion.
• 30:48
  The deficit makes this number, which is the big, big scary
• 30:52
  number, right? 36, I'm sorry, almost 37
• 30:58
  trillion get bigger and bigger. But the scariest number of it
• 31:02
  all is down here interest on debt, right?
• 31:06
  You see that? OK.
• 31:08
  So as the government spends more than they bring in, that makes
• 31:12
  this number get bigger, right? The total debt level, like over
• 31:17
  the course of the year, just based on this alone, it's going
• 31:21
  to go up by another $2 trillion. We're going to be at 40 trillion
• 31:24
  before we know it. But this number, the actual debt
• 31:27
  level makes the interest expense down here get bigger and bigger.
• 31:33
  And as this gets bigger and we just crossed over to a trillion,
• 31:37
  we're spending more on interest alone, which we get nothing for.
• 31:41
  Then we are on defense, right? I mean, it's crazy.
• 31:44
  But as that gets bigger, that makes the deficit get bigger.
• 31:48
  And as you can see, as these arrows indicate, this turns into
• 31:52
  a circle that is called, OK, we just had bad tornadoes in Saint
• 31:57
  Louis. Horrible.
• 31:58
  My heart goes out. We had people die.
• 32:00
  But nonetheless, that turns into this, a debt spiral.
• 32:04
  OK, that's what's going on. That's the issue.
• 32:07
  Sorry, it was longer than a minute.
• 32:08
  Let's go out here and see what the Silver Academy had to say
• 32:12
  about this. And Silver Academy.
• 32:16
  As predicted, the USA is a Nat's eyelash away from defaulting.
• 32:23
  There's that came from Reuters. Another downgrade story about
• 32:27
  Moody's downgrading United States.
• 32:28
  We've crossed the Rubicon of fiscal credibility.
• 32:32
  Moody's historic downgrade of the American credit rating
• 32:35
  system from AAA to AA 1 isn't merely a technical adjustment.
• 32:40
  It's a flashing red siren about a debt crisis metastasizing
• 32:44
  beneath the surface of global markets.
• 32:47
  Scott Besant, the US Treasury Secretary, openly discussing
• 32:52
  extending maturities and slashing coupons on foreign
• 32:56
  foreign held debt. That means they're going to say
• 32:58
  like, oh, instead of it being a 30 year bond, we'll make it into
• 33:01
  a 50 year bond or 100 year bond. We'll just extend it and pretend
• 33:06
  it. OK?
• 33:07
  Washington isn't just flirting with default.
• 33:09
  It's engineering a slow motion financial coup against the world
• 33:14
  economy now. Jeff Dunlak, right from Double
• 33:17
  Line Capital, like one of the Smart, the bond King, Bob
• 33:20
  Moriarty and even John Little who writes this Silver Academy
• 33:25
  call this a veiled default. They're underscoring what
• 33:29
  markets already know. A nation with 37 trillion in
• 33:34
  funded liabilities and 200 trillion in unfunded obligations
• 33:40
  cannot outrun math, right? Remember that right there.
• 33:44
  That's the key. Remember what I showed you on
• 33:46
  the US debt clock, right? It's a scary, scary situation.
• 33:51
  You cannot outrun math, period. Mathematics show no forgiveness
• 33:58
  on the altar of truth. That basically means, hey look
• 34:03
  guys, right? 2 + 2 always equals 4 when you
• 34:07
  rack up too much debt. Think about you as a person, as
• 34:10
  an individual. I've always preached, I don't
• 34:13
  give financial advice, but I do give financial advice when it
• 34:16
  comes to debt. Debt is typically bad.
• 34:19
  The only time you want to go into debt is if you are sure and
• 34:22
  you believe in yourself that whatever you're borrowing that
• 34:25
  money for that you're going to be able to generate more money
• 34:28
  with it and be able to pay that debt off, right?
• 34:31
  Mathematics do not lie, right? You cannot.
• 34:36
  You know, in the world is waking up to that.
• 34:38
  China is waking up to that, India is waking up to that,
• 34:42
  Japan is taking up to that. Even the even the Middle East,
• 34:45
  they know that when they look at the US fiscal situation, we are
• 34:50
  in an untenable long term predicament.
• 34:53
  And guys, they were supposed to, you know, look, I'm all, I'm all
• 34:57
  for always spend less than you bring in.
• 35:00
  That's a real simple way. You never will be in debt.
• 35:03
  You will never likely have any type of financial troubles.
• 35:07
  OK. But when we look at that U.S.
• 35:09
  debt clock, and I know they were, they said they were going
• 35:11
  to cut 2 trillion with the doge thing.
• 35:14
  And I think now it's like, I don't know, 150 billion, which
• 35:17
  is great. I'm all for eliminating
• 35:19
  government waste, but they haven't.
• 35:22
  They aren't really making big serious headway.
• 35:24
  We are in. I don't want to be the town
• 35:26
  crier. I don't want to be, you know,
• 35:28
  the sky is falling. But I do know how to work a
• 35:31
  calculator right. And This is why, wife, I think
• 35:35
  there's two things for on the average American, two things
• 35:40
  that are that are, that are really making things difficult
• 35:42
  #1 the system is rigged against the average person.
• 35:47
  The system, the tax code is set up to benefit the wealthy.
• 35:51
  You can't argue that point, OK. The other thing is that is the
• 35:54
  dollar continues to lose its real value, right?
• 35:58
  Because of all the debt basically.
• 36:02
  And look, Ray Dalio says it, OK, Ray Dalio is the guy.
• 36:07
  He's like one of the most successful billionaire hedge
• 36:10
  fund of Bridgewater Capital. Look it up.
• 36:12
  Smartest guy in the room, super smart guy.
• 36:16
  Everybody. They're all saying it, right?
• 36:18
  That the US situation is a big, big, big problem.
• 36:23
  So it's no wonder, especially younger people, right, trying to
• 36:26
  buy a house. Housing affordability is never
• 36:29
  been worse than people are looking outside of the Tranfi
• 36:33
  traditional finance system for ways right to, to, to generate
• 36:38
  wealth, for ways to store their wealth.
• 36:41
  That's why silver and gold are going crazy.
• 36:43
  Oh my gosh, I almost forgot I got to say thank you to my
• 36:46
  sponsor. I'm not done Ledger.
• 36:48
  Aren't we lucky to have like the hardware wallet crypto security
• 36:54
  leader as our sponsor, right? As a sponsor of Ron's Basement,
• 36:59
  thank you Ledger for your sponsorship.
• 37:01
  You guys know I use Ledger. They came to my rescue after the
• 37:06
  hack. Help me, I have a Ledger Flex.
• 37:08
  I use the Ledger Live app. I love it.
• 37:10
  Wonderful, wonderful, great people.
• 37:13
  Top tier people at Ledger. Thank you for the sponsorship
• 37:15
  and our friends at Moon Pay, OK, they are the fintech.
• 37:20
  All these fancy terms I've learned in the last six months.
• 37:23
  They're the fintech leader. Big news this week from Moon Pay
• 37:28
  with MasterCard and allowing payments through the MasterCard
• 37:32
  network with stable coins. A lot more to come on that, but
• 37:36
  we know that Ivan, the CEO at Moon Pay is leading that company
• 37:41
  to the moon. I mean, they're just doing some
• 37:44
  incredibly great things. And of course, Moon Pay, they
• 37:46
  were my on ramp into crypto and they're the on ramp into crypto
• 37:49
  for millions and millions of people.
• 37:52
  Think about it guys, we got great, great sponsors, OK, great
• 37:56
  sponsor. So people, people, does this
• 38:00
  include you, right? People are looking outside of
• 38:04
  the Tranfi system. We know what's happening with
• 38:09
  the current administration in in Washington DC when it comes to
• 38:12
  crypto, big changes. People are looking for ways to
• 38:16
  protect their wealth. Now, I've always said, you know,
• 38:19
  I'm a gold and silver maxi. I'm a UFD maxi as well.
• 38:23
  Absolutely right. But I always said that's why
• 38:27
  people love silver and gold, right?
• 38:30
  People in the silver and gold community like me, before I
• 38:33
  learned about crypto, what what what they like about silver and
• 38:38
  gold is it's defy decentralized finance, right?
• 38:42
  There's no central authority that can control silver and gold
• 38:48
  or necessarily crypto. That's what crypto people love.
• 38:51
  That's what the Bitcoin, the people that were forging the
• 38:54
  path with Bitcoin, right? This is decentralized finance.
• 38:57
  No one government has control. It's a blockchain, right?
• 39:02
  Unicorn fart dust is on the Solana blockchain, right?
• 39:06
  That's what people, that's why people are moving because they
• 39:09
  know when they look at the math of what's going on with the
• 39:12
  fiscal situation in the United States and with the dollar,
• 39:16
  right? It's scary.
• 39:17
  It's scary. I always said silver.
• 39:20
  Silver is the original form of cryptocurrency.
• 39:24
  That's just my opinion. I'm entitled to it.
• 39:26
  It's my basement, but it is right?
• 39:30
  And that and, and, and, and, and now we have crypto, right?
• 39:33
  But silver was the original Silver's the original defy.
• 39:39
  Decentralized finance. No one it's been Silver was
• 39:42
  money before gold was money. Check me on that.
• 39:45
  OK, all right, gold is also defy.
• 39:48
  No doubt about it. You know, the gold prices
• 39:50
  skyrocketed. But silver is the original form
• 39:55
  of crypto because Nope, no one government could control silver.
• 39:59
  Why do you think the pirates? We're burying it under the
• 40:02
  ground for all those years and by the way, if you want to get
• 40:05
  silver my I put out a couple pieces of silver and gold
• 40:08
  oriented content every week on Ron's basement YouTube.
• 40:14
  Go check out first mint and they have a discount code VIPRB right
• 40:19
  there. A mint in the United States in
• 40:21
  Las Vegas, right, They owned by first Majestic.
• 40:25
  They dig the silver up in Mexico, send it to Las Vegas.
• 40:28
  They have their own mint, first mint, first mint.
• 40:32
  OK, just Google first mint. They're owned by First Majestic,
• 40:36
  but they they own the whole supply chain doesn't even go on
• 40:39
  to the Comex or the LBMA. Very interesting.
• 40:41
  Anyway, back to the pirates. The pirates, right They were,
• 40:45
  they were in the crypto. They buried it in the ground, no
• 40:51
  doubt about it. So as we move forward, we're
• 40:54
  going to get more and more stories like we got on Friday.
• 40:58
  The shocking news, shocking really was a shocking OK,
• 41:02
  because S&P and and Fitch had already downgraded the United
• 41:05
  States. Moody's was the last domino to
• 41:08
  fall where we're going to get news that will continue to
• 41:13
  dilute, right, the value of the US dollar.
• 41:17
  You can't just print something right and print it and print it
• 41:21
  and print it with no limit. There's no limit.
• 41:24
  There's no limit to how many dollars they can print.
• 41:27
  OK, here. Haven't had him out for a couple
• 41:30
  weeks. Here he is.
• 41:32
  Everybody say hi to Jerome Powell, right?
• 41:35
  He's we love him. He's cute, isn't he?
• 41:37
  But you know what? He's got a problem on his hands
• 41:41
  because too much of this happened.
• 41:43
  They can print it and print it and print it.
• 41:46
  Yeah. Don't come to my house and ask
• 41:48
  if you can borrow some toilet paper.
• 41:50
  I'm not giving it to you. And anytime you print anything.
• 41:55
  OK, Let me show you something interesting.
• 41:58
  This is a dollar, right? See, this is a dollar, right?
• 42:03
  Is it a dollar? I don't know.
• 42:04
  No, this is a dollar. This is a dollar paper.
• 42:10
  Anytime you can just print something ad nauseam and you
• 42:13
  know, it's mostly electronic now.
• 42:16
  And you know those statistics they show like every day they
• 42:19
  print like a ship, I don't know, 20 or every year they print
• 42:23
  26,000 shipping containers or the paper dollars.
• 42:27
  Anytime you can just print something over and over and over
• 42:30
  and over again, it's not going to be worth anything.
• 42:33
  It'd be like if I said, hey, I've got 100 Mickey Mantle
• 42:37
  baseball cards. That's all they ever made were
• 42:39
  100 Mickey Mantle baseball cards.
• 42:42
  They'd be worth something, right?
• 42:44
  But then if I said, but I'm just going to print millions of them,
• 42:48
  they're not worth as much. It makes sense.
• 42:50
  That's why when we go back to this, oh, it's a special double
• 42:56
  double. It's a big deal with UFD.
• 42:59
  It's limited. 999 million Bitcoin will be limited, right?
• 43:04
  There's still a few more to be mined, right?
• 43:06
  Digital scarcity. And we're living in a digital
• 43:09
  world. You're going to tell me the
• 43:10
  digital things aren't worth anything anymore?
• 43:13
  What's the difference between this?
• 43:16
  Yeah, a paper letter I get in the mail in an e-mail.
• 43:21
  Same thing, right? We're living in a digital world.
• 43:25
  All right, I digress. And by the way, I want to give
• 43:28
  you a Full disclosure. I love my country.
• 43:31
  I love what the founding father set up for the country.
• 43:34
  I don't love the fiscal financial situation that our
• 43:39
  politician. That's not a political
• 43:41
  statement. It's happened over a number of
• 43:43
  decades independent of political parties.
• 43:45
  Anything else, right? We got a lot of people that
• 43:49
  mismanaged our future and our children's futures, and that's
• 43:52
  why we are looking for ways to protect ourselves.
• 43:55
  We'll do it. We'll be OK.
• 43:57
  Hey, thanks for being here. Don't forget, share this, right?
• 43:59
  Press the retweet button on Twitter.
• 44:03
  If you're on YouTube, subscribe to the channel.
• 44:05
  OK, We appreciate you guys. Oh, wait a minute.
• 44:08
  By the way, everybody keeps asking me about this.
• 44:14
  We talked about those pirates. Don't forget if you're looking
• 44:17
  for a way to bury some treasure in your yard, check out Dirty
• 44:21
  Man Safe. This thing is so cool.
• 44:24
  I love these things. It's a safe or you can you
• 44:28
  unscrew it. You know what's inside there?
• 44:32
  Our old friend the Unicorn Safe and sound.
• 44:35
  But you can store any type valuable you want in.
• 44:38
  This comes with a big sleeve. You dig a hole, put the sleeve
• 44:43
  in there. You lower this down in there.
• 44:45
  OK, You got a handle. You put that on top, fill it
• 44:48
  back up with dirt. You're the only person who
• 44:50
  knows. OK, Check it out.
• 44:52
  It's interesting. Dirty man safe.
• 44:54
  If you have something that you want to maybe store, maybe you
• 44:57
  have a safety deposit box. Maybe you have a vault.
• 45:00
  Maybe you have a safe in your house, whatever.
• 45:02
  This is another option, dirty man.
• 45:04
  And they do have a code Ron 10. Thank you, guys.
• 45:07
  OK, appreciate you. You are important.
• 45:11
  Be good to yourself today. I'll do my best.
• 45:14
  Let's keep up the great work. Let's go.
• 45:16
  UFD. OK, let's go.
• 45:19
  We're only five months old. OK.
• 45:23
  We're only five months old. And look at what we have
• 45:27
  accomplished. And look at what we have coming
• 45:30
  for us down the road. It's going to be fun.
• 45:33
  I'll see you soon. Bye.
• 45:34
  Bye.