Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 👊 THIS makes the Difference for $UFD!
Transcript
- 0:32Hey None. guys, welcome to the live stream.
- 0:34Welcome to the basement, welcome to the Duster Club.
- 0:37Horns up. OK, my fellow unicorns.
- 0:40We got a lot to talk about today.
- 0:42We got a lot of things going on. I got a little emotional
- 0:46earlier. I'll share that with you later
- 0:48in this video. A lot of things going on that
- 0:52that are going to impact the future of Unicorn fart dust.
- 0:56But the number one thing I want you to think about this, it's
- 0:59going to impact the future of our community as dusters, as
- 1:04diamond hood dusters is you and it's a big deal that you are
- 1:08here right now. Thank you.
- 1:10Please retweet this, subscribe to the YouTube channel, watch us
- 1:14on TikTok, watch us on Reddit, we're on LinkedIn, we're on
- 1:18Facebook, guys, we are everywhere spreading the dust.
- 1:22And I know that you are doing something everyday to help more
- 1:25people learn about UFD. And I'll just be honest with
- 1:29you. I got a little emotional this
- 1:31morning. I was looking at the bean base,
- 1:34big operation bean base contest that Emma was doing.
- 1:38We're going to look at that earlier.
- 1:39And it made me think about us and about UFD.
- 1:42And I wrote this down. I was like, you know, we are
- 1:45good attracts good, right? We are like the, the, the, the
- 1:48meme coin in the community that's based on truth, honesty,
- 1:53fairness, inclusiveness, like open to everybody.
- 1:58And it just dawned on me as I looked at all these different
- 2:02entries that people had made into this contest, all the work,
- 2:06all the things going on out there.
- 2:08How many of us have poured our heart and soul into UFD?
- 2:14And I want to believe and I do believe and I ask you, do you
- 2:17believe that in the long run, right?
- 2:20This absolute, absolute special situation that we have right now
- 2:25will prove to be successful that, you know, look, I made
- 2:29this as an experiment. I had no idea what I'm doing,
- 2:32OK? No idea what was going to
- 2:35happen. And can and will this experiment
- 2:39prove successful, right? We're kind of like the United
- 2:42States. You hear that about the United
- 2:44States and the democracy. We're the first country that was
- 2:47ever kind of built this way, like an experiment, and that's
- 2:51what we are with UFD. But we're an experiment based on
- 2:55really true democratization, true honesty, true transparency.
- 3:02Look, I can look you in the eye and tell you that I've been
- 3:05absolutely transparent with you from day one.
- 3:08And, and the, and all the leaders within the UFD
- 3:10community, That's what we pride ourselves on.
- 3:13So will it work, right? How successful, I guess is a
- 3:17better question. How successful will we be?
- 3:20How high will we climb? Because I'll sit here and argue
- 3:24with any of you. Anybody you want to argue, Come
- 3:27on, let's argue. Look, we can go and be as big or
- 3:32bigger than any other meme coin. We can be as big as as any
- 3:38crypto, right? What's stopping us?
- 3:41Any crypto. We are a cryptocurrency meme
- 3:43coin. And remember, some of these
- 3:46other meme coins have market caps that are hundreds if not
- 3:51thousands of times larger than where we are right now.
- 3:54But it's important for you to remember one thing.
- 3:57We are still very, very young. We are little baby unicorns,
- 4:01right? We, the UFD, we're only five
- 4:04months old. We're not even six months old,
- 4:06guys. So bear that in mind.
- 4:09We are still early. We are still in the nest, right?
- 4:13We are still going through growing pains and learning,
- 4:17right? And, and in particular, right,
- 4:21because of the fact that we are a true decentralized
- 4:24democratized situation, very similar to how Bitcoin started,
- 4:30right? And a lot of people in the early
- 4:32days of Bitcoin, they're non believers.
- 4:33What there's non believers in UFD.
- 4:36There are people out there that are rooting against us, but
- 4:39there's a lot more people who are rooting for us.
- 4:43And I believe that we have unlimited potential as we go
- 4:47down the road. Now, my disclaimer, I'm not a
- 4:49financial advisor. Don't buy or sell anything.
- 4:52Don't make any financial decisions based on what I say.
- 4:56Of course, don't adopt A puppy, get engaged, don't do anything.
- 4:59OK? Always be responsible.
- 5:02And I do need to disclose to you or would like to disclose to you
- 5:05that when I talk about UFD, yeah, I'm like you.
- 5:09I have a horn on my head. I feel your horn.
- 5:11Dusters. Horns up.
- 5:13Hold on. Horns up, dusters.
- 5:18Right. We've got a lot to be excited
- 5:21about. OK?
- 5:22Up to and including the fact that this week.
- 5:25And I owe you another apology. Big apology.
- 5:28When I'm wrong, I'm wrong. Received a bunch of emails, a
- 5:31bunch of messages informing me that I did not make a big enough
- 5:36deal of our HTX listing earlier this week.
- 5:40So I'm going to make a big deal about it now.
- 5:42It was a big deal. Then it is a big deal.
- 5:45Remember guys, this is HTX and I was now I can't understand why
- 5:50everybody's yelling at me, Ron, this is a big deal.
- 5:53They have 1.7 million followers now.
- 5:56This is a major exchange in Asia.
- 6:00And if we remember correctly earlier in the week, we learned
- 6:06this from HTX, right? New listing, right?
- 6:10Deposits open and they, you know, they're out there.
- 6:13They're putting us in tweets, right?
- 6:15There's UFD details below here. We'll click on this let's see
- 6:22what this brings up HDX will list UFD in the innovation zone
- 6:26and that was on May 12th so a major deal but what's even a
- 6:30bigger deal about that is guys I got a little secret for you that
- 6:39all happened without that all happened organically.
- 6:44That all happened because of you, because of the community,
- 6:48because of what we accomplished over the last five months.
- 6:54Okay, I'm not going to lie to you.
- 6:56Last weekend I was not on the phone with HTXI, was not on the
- 6:59phone with market makers or anything of that order.
- 7:03That happened completely organic and we are very grateful.
- 7:06We tip our horns to our friends at HTX and I apologize that I
- 7:12didn't make as big of a deal out of it as it truly was.
- 7:16But the biggest deal about that is it shows us that if we show
- 7:20up 1 hoof at a time, right? Are you diamond hooved?
- 7:25Do you know what diamond hooved means?
- 7:27Right? Are you a diamond hooved duster?
- 7:30We show up 1 hoof at a time, right?
- 7:34It's you know, I know what it feels like it's 9:00 at night or
- 7:38it's 2O clock in the afternoon and you think I should tweet
- 7:41something about about UFDI should go watch it on the I
- 7:46should go subscribe to the Unicorn fart dust YouTube
- 7:49channel. I could do this.
- 7:51I could and you make the decision to do it 1 hoof at a
- 7:55time to help spread the dust because what we have is a great,
- 8:00great message to share. I got to turn Susie on.
- 8:03Excuse me, I need to turn on Susie.
- 8:06A great message to share with the world.
- 8:09We have something positive, something good in the world of
- 8:13crypto, in the world in general, but that doing that one little
- 8:19step at a time, right, that creates big things happening
- 8:23like an HTX listing. We also got listed on exchange
- 8:27IO and let's not forget either. We aren't forgetting about our
- 8:30friends here in the West, right? With Kraken.
- 8:34We're on a tier one exchange now that happened as a result of
- 8:38coming together of the community, right?
- 8:41These are the things that we have accomplished.
- 8:43These are the things that we can accomplish.
- 8:46These are the things that we will accomplish, but we got to
- 8:50remember the critical thing, the critical point, and that is that
- 8:54this is a community. A cryptocurrency based on
- 8:59goodness, based on good, attracts good, based on honesty,
- 9:05integrity, transparency, fairness, and prosperity, right?
- 9:10This is an open plane book. It's the blockchain.
- 9:13It's all out there. Everybody gets a fair shot.
- 9:16Everybody. I know I've been hearing people
- 9:19talk about people manipulate the chart, blah, blah.
- 9:21I don't care in the long run. In the long run, right?
- 9:26Honesty, integrity, I need to blow off a little steam.
- 9:30You want to blow off a little steam with me?
- 9:33Fairness, that's going to win because there's only 999 million
- 9:37beans that have ever been created.
- 9:39That's that line right there. This jar represents all the UFD
- 9:43tokens available in the world. OK, Each bean in there, you're
- 9:47one of them. Pick a bean.
- 9:49Oh, I think I see you. My favorite color is orange.
- 9:52I'll make you the orange bean. Right.
- 9:54As we get more and more and more and more and more people that
- 9:58join us because we're about good, attracts good, you guys
- 10:02got to be mad at me about that. I forget to talk about that
- 10:05enough also, right? This is good attracts good.
- 10:07This is fairness, honesty. This is a guy, right, who made
- 10:12this as an experiment and then, Oh my gosh, believe it or not,
- 10:17didn't try to RIP people off and was just honest.
- 10:21Are we going to make it work? Dusters, huh?
- 10:25Are we? I'm going to bang my hoof on the
- 10:26table. Are we going to make it work?
- 10:28I can't bang too hard. I'll loosen a connection and
- 10:31we'll have a technical problem. Are we?
- 10:34How, how high can we fill the jug?
- 10:37Because when we get about here, okay, When we get about right
- 10:40there, OK, there starts to be a little bit of a bean shortage.
- 10:44And when we get up here, there's a beanopoly.
- 10:47Now look, I can't make predictions.
- 10:49I don't have a crystal ball. But I can guarantee one thing.
- 10:52When the supply of anything, including potentially Unicorn
- 10:57fart dust beans, gets constricted, the laws of supply
- 10:59and demand dictate that the price should go up.
- 11:06OK, and we. Something feels good about that.
- 11:18OK, so we got Kraken. Let's go look at that.
- 11:21Let's run through. We're going to now we're in now
- 11:23we're in Hyperzone. Here guys.
- 11:24Here we go. That was our friends at HTX.
- 11:28Thank you, HTX, we love you. Thank you.
- 11:30Welcome to all our new friends in Asia as well, because HTX is
- 11:34huge in Asia. I don't know 10s of millions of
- 11:38customers here is look at this from Kraken Pro Kraken is
- 11:43tweeting this earlier in the week.
- 11:45Lucky #7 does anything on there look familiar to you?
- 11:49Oh let's let's get it up on the full screen.
- 11:52Am I sharing this tab? Yes.
- 11:55There we go. Do you see anybody on there that
- 11:57looks familiar to you? I do over on the right hand
- 12:01side. That's Kraken.
- 12:03The Kraken. OK, next, next.
- 12:06And we're also on exchange IO. That was the other listing that
- 12:09we got this week. Another, another listing,
- 12:12another exchange bringing on two in one week.
- 12:15That's a big, big deal. But all right, our next target.
- 12:23Here's a personal, personal message for Brian Armstrong, CEO
- 12:28of Coinbase. Brian, please pay attention to
- 12:32what the UFD community is saying to you, right?
- 12:36Pay attention to the heart and soul that the community is
- 12:40putting into to get your attention.
- 12:43Pay attention to what is probably the shining horn, the
- 12:48shining light in the crypto world.
- 12:50Something different, Brian, Something based on honesty,
- 12:54integrity, goodness, doing good. Pay attention because there's
- 13:00only one Unicorn fart dust. And right now I want to draw
- 13:05your attention our, our viewer to the fact that today, today's
- 13:09your last day to enter Operation Bean Base.
- 13:13Emma, this got me emotional later, earlier.
- 13:16I'm I'm not going to cry now because you don't pay.
- 13:18You don't pay me with your time to hear me cry.
- 13:21But today is the last day of Operation Bean Base, a contest
- 13:26where we are putting out memes to get the attention of Mr.
- 13:29Brian Armstrong. Brian, we're glad you're here
- 13:31watching with us today to to get their attention so they realize
- 13:37the benefit that they could have by listing UFD.
- 13:41We're also interested in Robin Hood.
- 13:42But Brian, right today and Coinbase, you are the apple of
- 13:46our eye. And I invite you, Brian, to come
- 13:49look at some of these memes that people are putting together.
- 13:53Today's the last day. Operation Bean Base.
- 13:55Get a beam together, put it together, Reply to Emma's
- 13:59thread. You can win 10,000 beans, 5000
- 14:02beans, 2000 beans, 500 beans, or a Ledger Flex.
- 14:07And let's just go through and look at some.
- 14:10Am I sharing this? Hold on.
- 14:17Boom. Yeah.
- 14:18OK, let's go through and look at some of these entries.
- 14:22There you are, Brian. What do you think, Mr.
- 14:24Armstrong? We love you.
- 14:26All right, there's another entry.
- 14:28Look at these entries. Look at this.
- 14:30I was, as I was scrolling through these this morning, it I
- 14:34just thought of all the people out there, all the dusters.
- 14:38And and it's not just look, not all of us have these artistic
- 14:41abilities. No doubt about it.
- 14:43This is a great one. That's the meme of the century,
- 14:46right? When?
- 14:47Lambeau, all the people. By the way, I drive a 2012 Honda
- 14:54Odyssey minivan. The meme coin Avengers are
- 14:57ready. Look at that.
- 14:59That is awesome. With Coinbase.
- 15:02We're ready. OK, look at this one.
- 15:05Next stop, Coinbase. I mean, that's beautiful.
- 15:12That is beautiful. So guys, don't forget.
- 15:14Oh, hey, there's a family photo there.
- 15:16We are Dusters. What do you think?
- 15:19Bean dip mogul. Look at that, tell you that.
- 15:21And it just goes on and on. I don't know how many entries.
- 15:24Emma will probably give us a grand total.
- 15:26Emma Bear, Emma Bowl, I apologize.
- 15:30Emma Bowl is working tirelessly on this.
- 15:33Here's one more piece of art I wanted to show you from Fruvic.
- 15:38Look at this. OK, All right, Brian, we have
- 15:42your attention. Now you can list us.
- 15:45We promise we'll be good. Look, look back the last five
- 15:48months where the where we are, the community that and it's all
- 15:52over the world that is having a movement based on on very, very
- 15:57solid foundational principles, hip honesty, integrity and
- 16:02prosperity. All right, let's go look at
- 16:04what's going on in the social world.
- 16:06This is what makes it happen, guys.
- 16:09And we'll start here, OK? This was from prom #3 baby.
- 16:17UFB will be the number one meme coin on Solana.
- 16:21There we are, right? Right up there with peanut.
- 16:23UFD is is luck. I mean, fart coins not so far
- 16:28ahead of us. And here's another one from I
- 16:30think the Solana post. Yeah, UFD climbs #3 in social
- 16:35dominance and mentions across the pump fun ecosystem.
- 16:40That's per lunar crush, right? We're crushing it, guys.
- 16:43We are crushing it and it will pay off.
- 16:46There's no doubt about it. Hey, look, I understand.
- 16:48I know, right? The, the price.
- 16:51And it's not just us like these, the, the meme coin sector in
- 16:54general. You look at our peers, you
- 16:57though we don't like to compare ourselves.
- 16:59Everybody kind of shot up and now we pulled back a little bit.
- 17:03Look, nothing goes straight up. I can't make any guarantees
- 17:07about what goes, what happens, but I can guarantee a couple
- 17:11things #1. Nothing ever goes straight up, I
- 17:15can guarantee, right? So you'll go up, you'll come
- 17:18back, you'll go up, you'll come back.
- 17:20Anything that has gone up. Look at any stock chart, Apple,
- 17:23NVIDIA, anything. OK, it goes up, it comes back.
- 17:27It goes up. The, the, the, the, the critical
- 17:30thing is that we want to continue on an upward
- 17:33trajectory. Again, no crystal ball.
- 17:36What I can guarantee you are two things #1 one, we've gotten
- 17:40where we are OK right now, which is a lot better place than we
- 17:45were, let's say six weeks ago, 4 weeks ago, because of you,
- 17:50because of the NFT projects, because of DJ, because of your
- 17:56work that you're putting in, because you're tall, telling
- 17:58your friends, your mother's, whatever.
- 18:00That's one thing we can guarantee.
- 18:02The other thing I guarantee is if and as right now, today, we
- 18:07show up day by day by day by day, continue to spread a
- 18:12message of good, a message of fairness, a message of
- 18:16transparency, integrity, honesty.
- 18:19We will continue to attract more and more people and we will
- 18:23continue to forge a community that will go places.
- 18:28Here's the other thing I wanted to show you.
- 18:29There's a way you can get, you can track.
- 18:33Maybe Emma can explain this more to the community.
- 18:38Hold on here. Yep, we got it.
- 18:42OK, so this was from Emma. Even if you're a small account,
- 18:46you can contribute enormously to UFDI.
- 18:49Have barely 1400 followers yet Lunar Crush Analytics says I'm a
- 18:53regular top contributor to UFDS social stats.
- 18:58So there's a way that you can, you can track.
- 18:59Oh, look at that. OK, I'm, I'm at #2 Amazon there.
- 19:03Dark Duster, Sarah coin craft and the burger man is is there
- 19:07as well, but I looked at this down here trending crypto
- 19:12currencies. OK, this says crypto currencies.
- 19:17Wait, see if I can show you this.
- 19:19I thought this was interesting. How do we get this to go down?
- 19:23Hold on a second here. All right, well, I'll do it over
- 19:26here. OK, Doge is #1 Pepe.
- 19:29Trump's up there. Fartcoin.
- 19:32I wonder if you have DS on this list anywhere.
- 19:34Oh, there we are. Right here, guys, We are number.
- 19:38Let's just draw a pretty red circle around us, right?
- 19:42We are #18 see that right there on the list?
- 19:48Now who's above us? Right?
- 19:52Let's look at who are right, Peanut Toshi, ape coin troll.
- 19:58Oh, shoot, thank you. Susie, what the heck happened?
- 20:03Did that happen when I OK, I see what happened.
- 20:07Sorry about that guy. So this is the screen that shows
- 20:12the most the most active crypto currencies.
- 20:15But I believe these are meme coins.
- 20:17And again, we're down here. We are #18 and above us, right?
- 20:22Our our our coins. That again, for the most part
- 20:27are going to have are going to have market caps which are
- 20:31sometimes as much as 100 hundreds times larger than we
- 20:35are now. Let's watch something fun here
- 20:38guys and then we're going to do Duster of the day.
- 20:42And so I was wondering what DJ Litimus did before he went on
- 20:47live on the before There's Keith Grossman.
- 20:52Good morning, Keith. Awesome from moon pay.
- 20:55But I was wondering what what DJ let him is how he warmed up for
- 20:59his big shows. And I think we finally found
- 21:02out. We found this secret video of DJ
- 21:06before warming up before his set.
- 21:09And here he is watching. Come on, you can do it.
- 21:14You can do it and and and yes, you landed it.
- 21:23OK, All right, hold on here. All right guys, we are back.
- 21:29All right time to do Hold on. Looks like we lost audio.
- 21:35Hopefully you guys can see me and hear me.
- 21:38If you can see me and hear me, please give me a 5 by 5 in the
- 21:42in the in the comments. That would be greatly
- 21:44appreciated. OK, let's do Duster of the day.
- 21:48And then we're going to talk about, oh, I forgot to warn you
- 21:50about this breaking massive, scary news, economic news.
- 21:56We're going to get to that. But first, let's do Duster of
- 21:59the Day. OK, Thank you, Susie.
- 22:02Oh, hey, here's a great opportunity for those of you who
- 22:05are new. This is my wife, Susie.
- 22:08She communicates with us via walkie-talkie.
- 22:10She's very helpful. She loves you.
- 22:12She loves the community. Let's all say hi to Susie.
- 22:16Good morning, sweetheart. How are you this morning?
- 22:18I'm good. Yeah.
- 22:22Happy. Happy Saturday and we appreciate
- 22:25you. It's nice to nice to talk to you
- 22:27Today. We're going to do a high 5 for
- 22:29all the community members out there.
- 22:31OK, all right, guys, her batteries are running low.
- 22:37All right, let's all give Susie high 5, high 5, high 5.
- 22:41And how about a three second smile?
- 22:44That's when we all smile for three seconds.
- 22:47Feels good, doesn't it? Feels good to smile.
- 22:50I got to remind myself of that from time to time.
- 22:52Right. Let's do the duster of the day.
- 22:56Today's duster of the Day is World Blockchain Capital.
- 23:01He has been doing a great deal for the UFD community and his
- 23:07mom as well. I'm going to read you something
- 23:09here that he sent to us. He says.
- 23:12When I first saw your interview on the Paul Baron Network in mid
- 23:16January, I knew UFD was something special.
- 23:19I immediately made my first purchase.
- 23:21Help my boomer mother buy some too.
- 23:24On the day you shared bad news about your uncle but still
- 23:27pushed through the stream, I decided we needed to double
- 23:30down. Yeah, that it was like what,
- 23:32probably 6 or 7 Saturdays ago, my uncle, I'll call him Uncle F,
- 23:37who I grew up with, he like died on the operating table and was
- 23:42in intensive care then for like, I don't know, 10 days.
- 23:47And actually my mom, I talked to him and I cried and broke down
- 23:49because I got the call when I was on the live stream.
- 23:52But he's actually doing better and starting to, he's home and
- 23:55starting to be able to move around a little bit.
- 23:59So that's great news. But I remember, I'll never
- 24:01forget that Saturday because I grew up with Uncle Fred, I
- 24:05decided we needed to double down.
- 24:06Even when my mom and I were in the green and had a chance to
- 24:09exit, we chose to stick it out and hold because we believe in
- 24:12you. The community's commitment to
- 24:14supporting you when your phantom wallet was hacked.
- 24:16Yeah, that was another day that I cried along with your
- 24:20resilience through the mini bear market is the most inspiring
- 24:24thing I've ever seen. Know that the entire community
- 24:27loves you and your family and we will stand by you through hell
- 24:30or high water. World and Mama world.
- 24:33Well, world and Mama world, you are the duster of the day,
- 24:38right? What a great message and what a
- 24:40great reminder. I'll touch on that in a second,
- 24:42but I can't forget. Guys, everybody, do you feel
- 24:44your horn, huh? Is there a horn up there?
- 24:47I feel my horn. Is your horn tingling?
- 24:52Look at what we've done. This is all Susie's fault.
- 24:55Your fault too. Look at what we've created in
- 24:58this community. Do you feel your horn right?
- 25:01We're all part of it. Let's all rub horns.
- 25:05The cheesiest thing in the world.
- 25:07But that's what us dusters do. 3 second smiles and we rub horns.
- 25:12Let's install the golden horn on World Blockchain.
- 25:16Man, it's getting heavy, right? The horns getting big.
- 25:19We got it. Here we go.
- 25:20And help me, guys. World Blockchain Capital, you
- 25:25are the duster of the day. A well deserved honor for you
- 25:28and your mother. Enjoy your day.
- 25:30Duster of the day. We appreciate you.
- 25:33And guys, is it is it special, right?
- 25:36Oh, that's what I want to talk about.
- 25:38Yeah, I guess I don't realize, right?
- 25:40Yeah. Our Twitter got hacked.
- 25:43OK? My phantom wallet got drained,
- 25:45you know that. We went through a bear market.
- 25:47We know that. Is it easy to show up every day?
- 25:50No. It takes grit.
- 25:52It takes determination. It takes discipline.
- 25:57It takes honoring a commitment, right?
- 26:00That's what you're doing right now.
- 26:02That's what I'm doing right now. Because we believe in something,
- 26:08we feel connected. We feel like we're in a
- 26:12community where we belong, where we're with like minded people,
- 26:17not like minded on everything. We got conservative people,
- 26:22liberal people, people that are Christians, Buddhist, Islam,
- 26:26whatever. It doesn't matter.
- 26:27People that have my color skin, people that have darker color
- 26:30skin, people that have lighter colored skin, people with black
- 26:33hair, people with red hair. You know what I'm saying?
- 26:36But when we come here in the UFD, all that gets set aside
- 26:41because we have a common goal, something we believe in
- 26:45fairness, honesty, integrity, opportunity, right, big
- 26:49opportunity that the that the little guys, right, can can
- 26:55persevere because the big guys are going to want to get in.
- 26:58The big guys, some of the big guys are in.
- 27:00But the longer we prove to everyone, right, that we are
- 27:05here, that we're not leaving, the crypto really does offer an
- 27:10opportunity, right? A fair and level playing field
- 27:14where where people coming together and that's you, that's
- 27:17me right now can make a big difference, OK.
- 27:22Because the system out there feels like it's rigged against
- 27:25us. The mainstream system, it is
- 27:28rigged against us, right? But that's starting to have some
- 27:31problems. I got some scary economic news.
- 27:34the United States government had their credit rating slash by
- 27:38Moody's on Friday. This is a big, big deal.
- 27:42There's like 3 big credit rating agencies in the United States.
- 27:45S&P is one of them. Fitch is another one in Moody's
- 27:49and I believe it was Moody's was the only one that had yet to
- 27:55downgrade the United States debt.
- 27:57And after the market, they always, by the way, they always
- 28:00put out this horrible type news on a Friday.
- 28:04If the if a news story comes out on a Friday after the stock
- 28:07market's closed, you can rest assured it's not a good story.
- 28:11I'm going to have a sip of coffee and then we're going to
- 28:13I'm going to give you some scary details coming up.
- 28:20OK, so let's dig into this so we know what is going on out there
- 28:25right now. And that's Mr. Stock Market, the
- 28:29guy that they always show. Just a couple quick tweets.
- 28:32Peter Tuckman said breaking Moody's downgrades the US credit
- 28:36rating for the first time in history.
- 28:40Stocks are falling after hours on this.
- 28:42Not a great way to end a great week again.
- 28:45They always put this news out after the market closes.
- 28:48This from The Associated Press Breaking Moody strips the US
- 28:52government of top credit rating, says the president and lawmakers
- 28:57have failed to reverse rising debts.
- 29:03Now, I'm going to give you a very simple one minute
- 29:06explanation why this is the case.
- 29:10This is the US debt clock. All right, let's we're going to
- 29:13highlight things that we don't normally highlight on here and
- 29:17we're going to do that. And let's try this light blue
- 29:20color, trying to find a good color that shows up on here.
- 29:23Here's the problem, guys. See this right here, U.S.
- 29:26Federal spending, this is how much money our government spends
- 29:32every year, $7 trillion, OK, this is how much money.
- 29:39This is the tax revenue. That's the green.
- 29:42That's how much money that our U.S. government brings in in
- 29:48taxes. So they bring in five trillion.
- 29:51Oh, but they spend a little over 2 trillion more and that is
- 29:58what? So you see that, right?
- 30:00That's what they spend, 7 trillion.
- 30:02That's what they bring in, 5 trillion.
- 30:04So I'm going to get rid of that for one second.
- 30:08So that's 7 trillion that they bring in.
- 30:10I'm sorry that they spend is 2 trillion more that is this OK,
- 30:16the US federal budget deficit. OK, That would be like you as a
- 30:23person or a family if you brought in just like the federal
- 30:27tax revenue, let's say your, let's say your income for the
- 30:30years $50,000, but you spend $70,000, right?
- 30:36You don't have to be Albert Eisenhower of a degree in math
- 30:39from Harvard University to realize that that can't go on,
- 30:43right? You're spending more than you
- 30:44bring in creating this deficit, 2 trillion.
- 30:48The deficit makes this number, which is the big, big scary
- 30:52number, right? 36, I'm sorry, almost 37
- 30:58trillion get bigger and bigger. But the scariest number of it
- 31:02all is down here interest on debt, right?
- 31:06You see that? OK.
- 31:08So as the government spends more than they bring in, that makes
- 31:12this number get bigger, right? The total debt level, like over
- 31:17the course of the year, just based on this alone, it's going
- 31:21to go up by another $2 trillion. We're going to be at 40 trillion
- 31:24before we know it. But this number, the actual debt
- 31:27level makes the interest expense down here get bigger and bigger.
- 31:33And as this gets bigger and we just crossed over to a trillion,
- 31:37we're spending more on interest alone, which we get nothing for.
- 31:41Then we are on defense, right? I mean, it's crazy.
- 31:44But as that gets bigger, that makes the deficit get bigger.
- 31:48And as you can see, as these arrows indicate, this turns into
- 31:52a circle that is called, OK, we just had bad tornadoes in Saint
- 31:57Louis. Horrible.
- 31:58My heart goes out. We had people die.
- 32:00But nonetheless, that turns into this, a debt spiral.
- 32:04OK, that's what's going on. That's the issue.
- 32:07Sorry, it was longer than a minute.
- 32:08Let's go out here and see what the Silver Academy had to say
- 32:12about this. And Silver Academy.
- 32:16As predicted, the USA is a Nat's eyelash away from defaulting.
- 32:23There's that came from Reuters. Another downgrade story about
- 32:27Moody's downgrading United States.
- 32:28We've crossed the Rubicon of fiscal credibility.
- 32:32Moody's historic downgrade of the American credit rating
- 32:35system from AAA to AA 1 isn't merely a technical adjustment.
- 32:40It's a flashing red siren about a debt crisis metastasizing
- 32:44beneath the surface of global markets.
- 32:47Scott Besant, the US Treasury Secretary, openly discussing
- 32:52extending maturities and slashing coupons on foreign
- 32:56foreign held debt. That means they're going to say
- 32:58like, oh, instead of it being a 30 year bond, we'll make it into
- 33:01a 50 year bond or 100 year bond. We'll just extend it and pretend
- 33:06it. OK?
- 33:07Washington isn't just flirting with default.
- 33:09It's engineering a slow motion financial coup against the world
- 33:14economy now. Jeff Dunlak, right from Double
- 33:17Line Capital, like one of the Smart, the bond King, Bob
- 33:20Moriarty and even John Little who writes this Silver Academy
- 33:25call this a veiled default. They're underscoring what
- 33:29markets already know. A nation with 37 trillion in
- 33:34funded liabilities and 200 trillion in unfunded obligations
- 33:40cannot outrun math, right? Remember that right there.
- 33:44That's the key. Remember what I showed you on
- 33:46the US debt clock, right? It's a scary, scary situation.
- 33:51You cannot outrun math, period. Mathematics show no forgiveness
- 33:58on the altar of truth. That basically means, hey look
- 34:03guys, right? 2 + 2 always equals 4 when you
- 34:07rack up too much debt. Think about you as a person, as
- 34:10an individual. I've always preached, I don't
- 34:13give financial advice, but I do give financial advice when it
- 34:16comes to debt. Debt is typically bad.
- 34:19The only time you want to go into debt is if you are sure and
- 34:22you believe in yourself that whatever you're borrowing that
- 34:25money for that you're going to be able to generate more money
- 34:28with it and be able to pay that debt off, right?
- 34:31Mathematics do not lie, right? You cannot.
- 34:36You know, in the world is waking up to that.
- 34:38China is waking up to that, India is waking up to that,
- 34:42Japan is taking up to that. Even the even the Middle East,
- 34:45they know that when they look at the US fiscal situation, we are
- 34:50in an untenable long term predicament.
- 34:53And guys, they were supposed to, you know, look, I'm all, I'm all
- 34:57for always spend less than you bring in.
- 35:00That's a real simple way. You never will be in debt.
- 35:03You will never likely have any type of financial troubles.
- 35:07OK. But when we look at that U.S.
- 35:09debt clock, and I know they were, they said they were going
- 35:11to cut 2 trillion with the doge thing.
- 35:14And I think now it's like, I don't know, 150 billion, which
- 35:17is great. I'm all for eliminating
- 35:19government waste, but they haven't.
- 35:22They aren't really making big serious headway.
- 35:24We are in. I don't want to be the town
- 35:26crier. I don't want to be, you know,
- 35:28the sky is falling. But I do know how to work a
- 35:31calculator right. And This is why, wife, I think
- 35:35there's two things for on the average American, two things
- 35:40that are that are, that are really making things difficult
- 35:42#1 the system is rigged against the average person.
- 35:47The system, the tax code is set up to benefit the wealthy.
- 35:51You can't argue that point, OK. The other thing is that is the
- 35:54dollar continues to lose its real value, right?
- 35:58Because of all the debt basically.
- 36:02And look, Ray Dalio says it, OK, Ray Dalio is the guy.
- 36:07He's like one of the most successful billionaire hedge
- 36:10fund of Bridgewater Capital. Look it up.
- 36:12Smartest guy in the room, super smart guy.
- 36:16Everybody. They're all saying it, right?
- 36:18That the US situation is a big, big, big problem.
- 36:23So it's no wonder, especially younger people, right, trying to
- 36:26buy a house. Housing affordability is never
- 36:29been worse than people are looking outside of the Tranfi
- 36:33traditional finance system for ways right to, to, to generate
- 36:38wealth, for ways to store their wealth.
- 36:41That's why silver and gold are going crazy.
- 36:43Oh my gosh, I almost forgot I got to say thank you to my
- 36:46sponsor. I'm not done Ledger.
- 36:48Aren't we lucky to have like the hardware wallet crypto security
- 36:54leader as our sponsor, right? As a sponsor of Ron's Basement,
- 36:59thank you Ledger for your sponsorship.
- 37:01You guys know I use Ledger. They came to my rescue after the
- 37:06hack. Help me, I have a Ledger Flex.
- 37:08I use the Ledger Live app. I love it.
- 37:10Wonderful, wonderful, great people.
- 37:13Top tier people at Ledger. Thank you for the sponsorship
- 37:15and our friends at Moon Pay, OK, they are the fintech.
- 37:20All these fancy terms I've learned in the last six months.
- 37:23They're the fintech leader. Big news this week from Moon Pay
- 37:28with MasterCard and allowing payments through the MasterCard
- 37:32network with stable coins. A lot more to come on that, but
- 37:36we know that Ivan, the CEO at Moon Pay is leading that company
- 37:41to the moon. I mean, they're just doing some
- 37:44incredibly great things. And of course, Moon Pay, they
- 37:46were my on ramp into crypto and they're the on ramp into crypto
- 37:49for millions and millions of people.
- 37:52Think about it guys, we got great, great sponsors, OK, great
- 37:56sponsor. So people, people, does this
- 38:00include you, right? People are looking outside of
- 38:04the Tranfi system. We know what's happening with
- 38:09the current administration in in Washington DC when it comes to
- 38:12crypto, big changes. People are looking for ways to
- 38:16protect their wealth. Now, I've always said, you know,
- 38:19I'm a gold and silver maxi. I'm a UFD maxi as well.
- 38:23Absolutely right. But I always said that's why
- 38:27people love silver and gold, right?
- 38:30People in the silver and gold community like me, before I
- 38:33learned about crypto, what what what they like about silver and
- 38:38gold is it's defy decentralized finance, right?
- 38:42There's no central authority that can control silver and gold
- 38:48or necessarily crypto. That's what crypto people love.
- 38:51That's what the Bitcoin, the people that were forging the
- 38:54path with Bitcoin, right? This is decentralized finance.
- 38:57No one government has control. It's a blockchain, right?
- 39:02Unicorn fart dust is on the Solana blockchain, right?
- 39:06That's what people, that's why people are moving because they
- 39:09know when they look at the math of what's going on with the
- 39:12fiscal situation in the United States and with the dollar,
- 39:16right? It's scary.
- 39:17It's scary. I always said silver.
- 39:20Silver is the original form of cryptocurrency.
- 39:24That's just my opinion. I'm entitled to it.
- 39:26It's my basement, but it is right?
- 39:30And that and, and, and, and, and now we have crypto, right?
- 39:33But silver was the original Silver's the original defy.
- 39:39Decentralized finance. No one it's been Silver was
- 39:42money before gold was money. Check me on that.
- 39:45OK, all right, gold is also defy.
- 39:48No doubt about it. You know, the gold prices
- 39:50skyrocketed. But silver is the original form
- 39:55of crypto because Nope, no one government could control silver.
- 39:59Why do you think the pirates? We're burying it under the
- 40:02ground for all those years and by the way, if you want to get
- 40:05silver my I put out a couple pieces of silver and gold
- 40:08oriented content every week on Ron's basement YouTube.
- 40:14Go check out first mint and they have a discount code VIPRB right
- 40:19there. A mint in the United States in
- 40:21Las Vegas, right, They owned by first Majestic.
- 40:25They dig the silver up in Mexico, send it to Las Vegas.
- 40:28They have their own mint, first mint, first mint.
- 40:32OK, just Google first mint. They're owned by First Majestic,
- 40:36but they they own the whole supply chain doesn't even go on
- 40:39to the Comex or the LBMA. Very interesting.
- 40:41Anyway, back to the pirates. The pirates, right They were,
- 40:45they were in the crypto. They buried it in the ground, no
- 40:51doubt about it. So as we move forward, we're
- 40:54going to get more and more stories like we got on Friday.
- 40:58The shocking news, shocking really was a shocking OK,
- 41:02because S&P and and Fitch had already downgraded the United
- 41:05States. Moody's was the last domino to
- 41:08fall where we're going to get news that will continue to
- 41:13dilute, right, the value of the US dollar.
- 41:17You can't just print something right and print it and print it
- 41:21and print it with no limit. There's no limit.
- 41:24There's no limit to how many dollars they can print.
- 41:27OK, here. Haven't had him out for a couple
- 41:30weeks. Here he is.
- 41:32Everybody say hi to Jerome Powell, right?
- 41:35He's we love him. He's cute, isn't he?
- 41:37But you know what? He's got a problem on his hands
- 41:41because too much of this happened.
- 41:43They can print it and print it and print it.
- 41:46Yeah. Don't come to my house and ask
- 41:48if you can borrow some toilet paper.
- 41:50I'm not giving it to you. And anytime you print anything.
- 41:55OK, Let me show you something interesting.
- 41:58This is a dollar, right? See, this is a dollar, right?
- 42:03Is it a dollar? I don't know.
- 42:04No, this is a dollar. This is a dollar paper.
- 42:10Anytime you can just print something ad nauseam and you
- 42:13know, it's mostly electronic now.
- 42:16And you know those statistics they show like every day they
- 42:19print like a ship, I don't know, 20 or every year they print
- 42:2326,000 shipping containers or the paper dollars.
- 42:27Anytime you can just print something over and over and over
- 42:30and over again, it's not going to be worth anything.
- 42:33It'd be like if I said, hey, I've got 100 Mickey Mantle
- 42:37baseball cards. That's all they ever made were
- 42:39100 Mickey Mantle baseball cards.
- 42:42They'd be worth something, right?
- 42:44But then if I said, but I'm just going to print millions of them,
- 42:48they're not worth as much. It makes sense.
- 42:50That's why when we go back to this, oh, it's a special double
- 42:56double. It's a big deal with UFD.
- 42:59It's limited. 999 million Bitcoin will be limited, right?
- 43:04There's still a few more to be mined, right?
- 43:06Digital scarcity. And we're living in a digital
- 43:09world. You're going to tell me the
- 43:10digital things aren't worth anything anymore?
- 43:13What's the difference between this?
- 43:16Yeah, a paper letter I get in the mail in an e-mail.
- 43:21Same thing, right? We're living in a digital world.
- 43:25All right, I digress. And by the way, I want to give
- 43:28you a Full disclosure. I love my country.
- 43:31I love what the founding father set up for the country.
- 43:34I don't love the fiscal financial situation that our
- 43:39politician. That's not a political
- 43:41statement. It's happened over a number of
- 43:43decades independent of political parties.
- 43:45Anything else, right? We got a lot of people that
- 43:49mismanaged our future and our children's futures, and that's
- 43:52why we are looking for ways to protect ourselves.
- 43:55We'll do it. We'll be OK.
- 43:57Hey, thanks for being here. Don't forget, share this, right?
- 43:59Press the retweet button on Twitter.
- 44:03If you're on YouTube, subscribe to the channel.
- 44:05OK, We appreciate you guys. Oh, wait a minute.
- 44:08By the way, everybody keeps asking me about this.
- 44:14We talked about those pirates. Don't forget if you're looking
- 44:17for a way to bury some treasure in your yard, check out Dirty
- 44:21Man Safe. This thing is so cool.
- 44:24I love these things. It's a safe or you can you
- 44:28unscrew it. You know what's inside there?
- 44:32Our old friend the Unicorn Safe and sound.
- 44:35But you can store any type valuable you want in.
- 44:38This comes with a big sleeve. You dig a hole, put the sleeve
- 44:43in there. You lower this down in there.
- 44:45OK, You got a handle. You put that on top, fill it
- 44:48back up with dirt. You're the only person who
- 44:50knows. OK, Check it out.
- 44:52It's interesting. Dirty man safe.
- 44:54If you have something that you want to maybe store, maybe you
- 44:57have a safety deposit box. Maybe you have a vault.
- 45:00Maybe you have a safe in your house, whatever.
- 45:02This is another option, dirty man.
- 45:04And they do have a code Ron 10. Thank you, guys.
- 45:07OK, appreciate you. You are important.
- 45:11Be good to yourself today. I'll do my best.
- 45:14Let's keep up the great work. Let's go.
- 45:16UFD. OK, let's go.
- 45:19We're only five months old. OK.
- 45:23We're only five months old. And look at what we have
- 45:27accomplished. And look at what we have coming
- 45:30for us down the road. It's going to be fun.
- 45:33I'll see you soon. Bye.
- 45:34Bye.