Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / Tuesday LIVE - 🦄💨✨ - $UFD - UNICORN FART DUST meme coin
Transcript
- 0:00I am super excited, super optimistic about Unicorn Fart
- 0:05Dust and what you are doing right now, what our community is
- 0:09doing, how we're getting through this extremely difficult time
- 0:14within the meme coin sector, within the Solana environment.
- 0:18Guys, you are showing your strength.
- 0:20We are showing our strength. I just feel great about
- 0:24everything and I wanted to start out our live stream this
- 0:27morning. Duster Club horns up with some
- 0:31optimistic feelings. Because when we take a step back
- 0:35and look at what we've accomplished over the last 2 1/2
- 0:38months, it is extraordinary. And as we make it through these
- 0:44challenging times, right, the macro environment, which is
- 0:48presenting a very, it's like we're unicorns that are starting
- 0:52to fly, but we are going through a massive, massive thunderstorm
- 0:58or tornado or hurricane, however you want to think about it.
- 1:03And we're learning to fly in very difficult circumstances.
- 1:06We're learning to fly when there's a big wind coming into
- 1:10our face. We're going to talk about a lot
- 1:12of interesting things today in this live stream that relate
- 1:16directly to Unicorn Fart Dust. But first, my disclaimer, this
- 1:20is not financial advice. Don't buy or sell anything.
- 1:24Don't get engaged, don't adopt A puppy.
- 1:26Don't buy or sell the meme coin. Do anything based on anything
- 1:30that I say. I'm not a official financial
- 1:33advisor, but I do need to disclose to you that Susie and
- 1:37I, our family owns a significant number of Unicorn Fart Dust
- 1:42beans. It's actually our biggest
- 1:43investment. So our horns are aligned.
- 1:46Let's get the bad news out of the way first, and then we got
- 1:49some good news. I'm going to pull this up.
- 1:53This shows us the Solana price. Let's get an update here.
- 1:59Obviously, we live in the Solana ecosystem.
- 2:01Guys, we're at $138 right now for Solana.
- 2:07I want to remind you that's like, that's like down 30 or 40%
- 2:12from when we launched. So the Solana environment has
- 2:15been very, very challenging. Next, I want to take you to an
- 2:19article from kind of mainstream media, the street, kind of
- 2:23explaining to us what's going on.
- 2:25Wow, look at all that red woof. OK.
- 2:28Hey, you know what? It's a good thing.
- 2:30It makes us stronger. We're like one of the only meme
- 2:34coins out there that's holding pretty darn strong during this.
- 2:38Very challenging engine environment.
- 2:40I want you to do me a favor. Pat yourself on your hindsight.
- 2:44My fellow dusters, my fellow unicorns.
- 2:47We are, you know, we are proving ourselves right now.
- 2:50This is the period of time it's actually there's a silver lining
- 2:56just like the unicorn's blood is made of silver and that is that
- 2:59in these challenging times, it gives us this opportunity to
- 3:03galvanized to forge our community even stronger only
- 3:08well, we'll get to that more. Let me run through this a lot of
- 3:10plunges. Oh, I forgot to share that.
- 3:13Here we go. Hold on here and make sure I got
- 3:17that up, which I do Here we are OK.
- 3:23Solana plunges 15% within hours Traders speculate the sell off
- 3:28is from Binance and from Kraken. Selling pressure has intensified
- 3:33on the token following the collapse of the Libra meme coin
- 3:36in the upcoming support release of more than 11,000,000 Solana
- 3:41tokens. The price of Salon of the
- 3:43World's sixth largest crypto by market cap plummeted more than
- 3:4715% on Monday, sinking to around $140.00, according to Coin
- 3:53Market Cap. This represents the tokens
- 3:56lowest level in weeks. The drop comes amid broader
- 4:00market turbulence, with crypto liquidations surpassing 822
- 4:05million in the last 24 hours. The the The gurus tell me this
- 4:10is normal. The ups and downs of crypto.
- 4:12No, don't worry about it. The ups and downs of any market,
- 4:15although in green. Although Solana's trading
- 4:18activity reached 6.5 billion in the past day, the crypto market
- 4:22saw the liquidation of more than 280,000 investors.
- 4:27Last thing I want to read to you here in Yellow market, analysts
- 4:31point the multiple factors behind Solana's drop, including
- 4:34rumors of a sell off from leading crypto exchanges like
- 4:38Finance and Kraken. In the last 24 hours, the
- 4:41world's largest crypto exchange, Finance, has reportedly sold
- 4:44approximately 15.6 million in Solana tokens via crypto market
- 4:49maker Winter. Mute selling pressure has
- 4:52intensified ever since Argentine President Javier Melee became
- 4:57embroiled in a crypto scandal over the Libra meme coin Spring
- 5:01cause calls for his impeachment. Meme coins have broadly tanked
- 5:05in the wake of the news in Argentina, fueling concerns that
- 5:09Solana might retreat to a price near $100 in the short term.
- 5:15OK guys, we got the bad news out of the way, right?
- 5:18We are, that's the bad news. We are in a macro environment
- 5:22that is presenting great challenge for any Solana based
- 5:26meme coin. But but what we can feel good
- 5:29about is how strong we have been.
- 5:32Guys, take a step back and realize it's been 2 1/2 months
- 5:38and look at what we've accomplished in, in the face of
- 5:41every adversity that they could throw at us, right?
- 5:45Big crypto exchanges getting hacked, I got hacked.
- 5:49The overall Solana market has been difficult.
- 5:52The Bitcoin price, we didn't even look at that, but it was I
- 5:55think below 90,000. The overall guys we, we have, I
- 6:00mean, it's like we were born into FUD.
- 6:03We've talked about that, right? I created this as an experiment
- 6:07and said don't buy it, It's Unicorn fart dust.
- 6:10You know, the transformative experience that you all put me
- 6:13through. Subsequent to that, however,
- 6:17what we've been through in the last 10 weeks is everything
- 6:21under the sun, OK? And we are still strong and
- 6:24we're like one in a million meme coins, OK?
- 6:27One in a million. Whoa, I want you to take a step
- 6:33back and think about that. We literally OK this community,
- 6:37what you have done is like one in a million.
- 6:42It is special. That's why I'm so willing to
- 6:44come on here every day. That's why Susie and I are
- 6:47pouring our heart and souls into this.
- 6:50That's why you are pouring your heart and soul into this guy's.
- 6:53This is a special circumstance, OK?
- 6:57And we have been, it's like we're a little newborn baby that
- 7:02was born in the middle of a horrible war, right?
- 7:05If that baby can make it right, it's going to be strong.
- 7:08And we are still right. We are still in our early, early
- 7:13phases on this journey. OK, You know, right, This is the
- 7:18this is the blockchain, this is cryptocurrency.
- 7:22We are the most fair decentralized one out there.
- 7:25We are early. We are going great places.
- 7:28Hang in there. Here we go.
- 7:30Let's talk about some positive stuff now.
- 7:33Not that that wasn't positive. Hey, I'm glad we I'm glad we got
- 7:38tried early on. It's think about it, if we've
- 7:41been born into this, you know, La La land environment where we
- 7:45never faced any challenges, then when the challenges did come, it
- 7:50would be like devastating. OK, All right.
- 7:54So the fact that we were born at all these scams and, and all
- 7:58this controversy right now in the which we are standing apart
- 8:03from, we are not embroiled in any we didn't have any, we
- 8:08didn't have any shenanigans go on with UFD, right?
- 8:11We you know this was like the purest the launch of a meme
- 8:14coin. That's why pump that fun put us
- 8:17on their screen on their commercial right?
- 8:20We are the shiny your horn. Do you feel your horn?
- 8:24Can you feel it? Is it up there, your Unicorn
- 8:28horn? Is it tingling?
- 8:30That's because you are special. That's because you are unique.
- 8:34That's because we are one-of-a-kind.
- 8:36That's because we are different. That's because we will remain to
- 8:40be different. That's because we will succeed.
- 8:43That's because we show up every day.
- 8:46That's because of you. OK, Yeah.
- 8:49I can sit down here and talk to a camera, but I'm not talking to
- 8:53a camera. We we are talking to each other.
- 8:57We are all together over 1000 people here in the 1st 9 minutes
- 9:02on a what? What is today, today's Unicorn
- 9:05day, today's Tuesday. We have a special situation
- 9:10right now. We're going to talk about that
- 9:11more later, but let's go to the good news.
- 9:14I apologize. This is oh, by the way, this
- 9:18will be a short live stream. I think, however, at 11:00
- 9:24Eastern, 10:00 Central, so in about an hour and 15 minutes
- 9:28from now, we will be doing our weekly Tuesday spaces.
- 9:32So please join us on that if you have questions.
- 9:35Whatever, We try to get to as many people as possible, but we
- 9:38will be doing the spaces here in just a little bit.
- 9:39Let's get through. Let's zip through the rest of
- 9:42this fun information we have today.
- 9:44What a great point from our friend.
- 9:48OK, there it is Cat 214 seven M three weeks ago Unicorn fart
- 9:55does was was about a $40 million market cap while Solana was at
- 9:59$200. Now UFD is still a $40 million
- 10:03market cap while Solana is at 150.
- 10:07And as we saw earlier, actually more like 138.
- 10:10Imagine how hard UFD is going to send once the market bounces
- 10:15back. Guys, this is this is what we
- 10:17just talked about this fact that we are holding strong and
- 10:22everybody's saying that to me. I'm hearing that from very, you
- 10:26know, influential people like be proud of how strong your, your
- 10:30community has kept the Unicorn fart dust community number one,
- 10:36but that's being reflected in the resilience of our price.
- 10:40Let's go to the next one here. Here we go.
- 10:46Here's some good news. This came from Solana News dot
- 10:51soul Breaking news. Bitwise Europe predicts okay
- 10:56that Solana could hit $6637. We love that number in a bowl
- 11:02case in 2320 in a bear crack and a bear case.
- 11:07Our Solana price prediction is between 6010 thousand for this
- 11:12cycle. For perspective, if Solana
- 11:15reaches gold's market crack market cap, the price would be
- 11:1942, almost $42,000. Wow, interesting.
- 11:23OK, so we've got people still out there and it says right
- 11:28here, people let market sentiment and price action
- 11:30impact their entire investment thesis.
- 11:33When Solana hits $1000, these types of statements will be more
- 11:38socially acceptable. Laugh out loud.
- 11:41OK, so guys, there is good news out there.
- 11:47There are solid predictions for where the Solana price could go
- 11:51and, and we'll see that. Now what about this?
- 11:53I have a question for you. Is there a country on this
- 11:57planet, right, where if every citizen in the country spent
- 12:01just what four cents and bought 1 bean that our jug would be
- 12:05completely filled up. We're going to talk about that
- 12:09in just one second. First, I want to say thank you
- 12:11to our sponsors. But guys, we've got, we've got
- 12:15two first class sponsors. Take a step back.
- 12:18What do you think it means that we have two first class top tier
- 12:23companies sponsoring our channel, right, giving their
- 12:28support to us. What does that mean?
- 12:31Right? We have moon pay right, the
- 12:33leader in in crypto onboarding, right?
- 12:36Moon pay's just a super respected company, a top tier
- 12:41company. They're the on ramp, right?
- 12:43They were my on ramp. You know that part of the story.
- 12:46So thank you to moon pay guys, please continue to support moon
- 12:50pay. Go out there and tell them thank
- 12:52you for continuing to support Ron's basement.
- 12:55But now, as we announced yesterday, we have our friends
- 12:59at Ledger, the leader in hardware wallet, the leaders in
- 13:04helping people secure their crypto, right?
- 13:09What else could we be asking for?
- 13:11And when it comes to Ledger, let me pull this up one more
- 13:14QuickTime for you guys, right? There's my Ledger.
- 13:17I absolutely love this thing. It's I don't know everything
- 13:22about it, the way it feels in my hand.
- 13:24They made it super simple to put the Unicorn on there.
- 13:28They walked me through setting it up last week.
- 13:31Sometime here in the near future, we are going to have
- 13:33some great educational material coming out showing kind of the
- 13:37setup process they filmed. It's it's I can't disclose a
- 13:41lot, but just be on the lookout for that because Ledger again,
- 13:46sponsoring the channel, helping support us is a big, big, big
- 13:52boost of confidence for the channel and for our community.
- 13:56So thank you to Ledger, thank you to Moon pay.
- 13:59Now, let's go out and take a look at this.
- 14:05What about this country? Hold on, let me go back here.
- 14:09This just this is exciting. This is an exciting prospect,
- 14:12OK, The country of India has 1.4 billion people.
- 14:17How many UFD beans are there in total?
- 14:19About 1 billion. OK, right, a little bit less,
- 14:23but about 1 billion. So it is a reality that if every
- 14:27person in India tried to buy just one bean and people in
- 14:32India, they love non non Fiat type investments.
- 14:37People in India love gold and silver.
- 14:41People in India are now beginning to love crypto.
- 14:45People in India because I've had a few call in during spaces and
- 14:49I've got many emails, love UFD. There's 1.4 billion people in
- 14:55India. If only each one tried to buy
- 14:591B, we'd be sold out. We would have the beanopoly,
- 15:02there would be no more beans. And then I started thinking, if
- 15:06just what, 10% of the people in India all decided to buy 10
- 15:12beans, right? Which is what, 40 cents, $0.50
- 15:15right now and also would wipe us out.
- 15:18But let's go see what they're saying about India.
- 15:20This came from Reuters. And this tells us the
- 15:23environment that we're living in.
- 15:24Crypto trading booms in India's smaller cities as job growth and
- 15:30incomes disappoint. So this whole article you can go
- 15:34check it out for yourself on Reuters.
- 15:39Excuse me points out that crypto trading in India is going like
- 15:44crazy. I'll just read you this first
- 15:47couple paragraphs here. Like thousands of his countrymen
- 15:50in far-flung places, flower shop owner Ashish That Goes has been
- 15:55learning about trading crypto. Excuse me, By attending classes
- 15:59every weekday for the past two months in his home city.
- 16:05Susie, there we go. All right, there's the article.
- 16:10I apologize. In his home city of not going
- 16:13the right screen. Here I am now.
- 16:15I'm sorry. Hold on.
- 16:17Hi, Susie. I just.
- 16:18I forgot. I just pulled it up for
- 16:19everybody. Thank you.
- 16:22OK, Thank you. Here's the headline.
- 16:26Let me go back and show you guys crypto trading booms in India's
- 16:30smaller cities as job growth and incomes disappoints.
- 16:33We're hearing about this flower shop owner.
- 16:35He goes to classes every weekday for the past two months in his
- 16:38home city of Nagpur in western India.
- 16:41Now go say bought and sold stock options earlier but is now
- 16:45venturing into crypto as regulators have made it harder
- 16:49harder to trade equity derivatives in India.
- 16:52The 28 year old believes the red hot crypto asset class can help
- 16:56shield his family owned flower shop during downturns.
- 17:00I'd recommend you guys read this article, he says.
- 17:02I want to run my family shop and hope trading can provide a
- 17:05steady income when business slows down like in the month
- 17:09after the Hindu festival of Diwali, he said, seated in at
- 17:14the store front surrounded by bunches of red roses and orange
- 17:17marigolds. OK, new found crypto enthusiasts
- 17:21in India such as Nagosi have helped grow cumulative trading
- 17:25volumes of Bitcoin, Ethereum and Dogecoin.
- 17:28Well, look at that. Dogecoin, a meme coin and other
- 17:32cryptos on four of its largest exchanges more than twofold
- 17:37quarter on quarter to 1.9 billion in the October through
- 17:42December quarter. OK, So the point here guys, OK,
- 17:46you'll be have to realize this. India has 1.4 billion people.
- 17:52That's like four times the number of people in the United
- 17:55States. I know this for a fact because
- 17:58I've learned this from the gold and silver field.
- 18:00People in India love precious metals.
- 18:03People in India generally have experienced a devaluation of
- 18:10their paper currency, right, the rupee.
- 18:12They love alternative assets if they continue as this continues
- 18:19and as they learn Now I wanted maybe I'm dreaming but as they
- 18:22learn about UFD Unicorn fart dust and like I said, I've
- 18:27received several emails from people in India.
- 18:30Let's make India UFD. Can you guys help?
- 18:35Who can do it? I bet we have some people in
- 18:37India watching right now. I know we have people.
- 18:40How do we do it? How do we, how do we get the
- 18:43word out right? There's if there's two countries
- 18:45that I'm most excited about regarding the future of UFD,
- 18:50they would be South Korea in India.
- 18:53I've talked about South Korea before.
- 18:55I know several people from South Korea, they love UFD.
- 18:58India presents a particularly interesting opportunity, I
- 19:03think, for all crypto on many fronts.
- 19:06Because on many fronts, guys, because there's 1.4 billion
- 19:09people there, OK #2 they don't necessarily.
- 19:14They're a little ahead of us in the West.
- 19:16They know how quickly a currency can devalue.
- 19:21And what's even more important is they're very nice people.
- 19:24I know a lot of Indian people have a lot of Indian neighbors,
- 19:27My kids, schoolmates. I worked with a lot of Indian
- 19:31people when I was in the IT field for years and years.
- 19:34They're wonderful, good people. They're also very smart.
- 19:38They're also very hard working. OK.
- 19:41And the cherry on on top is when you look at the country of
- 19:44India, the projections for the number, I mean, that's growing
- 19:48like crazy. These are smart people.
- 19:50The economy is growing like crazy there.
- 19:53I've read a projection, it's was probably six months ago that
- 19:56said they would have like 100 million people entering the
- 19:59consumer class. And, and the this represents a
- 20:02great opportunity for crypto in general.
- 20:05But of course, I'm a little biased towards our old friend.
- 20:08Unicorn fart does. OK, All right, let's move on.
- 20:11Let's move on. We're going to look at social
- 20:16dominance here quickly. Our social dominance update, OK,
- 20:22comes from it's our daily social dominance update from our friend
- 20:25Emma Dusters amid all the market.
- 20:29I'm not sharing the right screen.
- 20:31You guys need to, I need a Big Horn to go off now we're sharing
- 20:34the right screen Dusters amid all this market volatility, UFD
- 20:38is still ranked 6th in social dominance today.
- 20:41This was yesterday. This marks 9 days in a row.
- 20:45OK, our social dominance percentage is 1.1%.
- 20:48We need to get it to 2% or more to flip bonk and break into the
- 20:53top five. As I pointed out almost every
- 20:55day, UFD is the only meme coin in the top ten.
- 20:58Social dominance not valued in the hundreds of millions or
- 21:03billions. Keep it up Dusters, you are
- 21:07doing awesome in this regard. OK, here's a great point from
- 21:11our friend Seth sent this out yesterday.
- 21:15OK, when it comes to how many beans this this is, guys, this
- 21:19is the magic. Hold on here.
- 21:22I need to look at you. UFD, right?
- 21:25More than 1000 of us together on a Tuesday morning.
- 21:28This is the magic. It's time for my daily shake up
- 21:34the beans. OK, the 1 billion beans is the
- 21:38magic. The 1 billion beans leads to an
- 21:41environment right where eventually day by day by day,
- 21:47OK, every single day. It happened yesterday, it's
- 21:50gonna happen today. We get new people buying UFD
- 21:54that are gonna hold their beans long term.
- 21:56They're gonna be diamond hooved, OK?
- 21:59That's what diamond hood means. You're not going to sell your
- 22:02beans, OK? You are not going to sell your
- 22:05beans. And it's happening.
- 22:06Each day that goes by, we're getting more and more diamond
- 22:11hood people. Look, I've said this each day,
- 22:14right? We know whoever sells their
- 22:16beans is not diamond hooved. But we also know that whoever
- 22:20they're trading their beans with the new, the new holder, a
- 22:24certain percentage of those people are diamond hooved.
- 22:27A certain percentage of those people realize, excuse me, what
- 22:32a unique opportunity this is. It's the only one out there.
- 22:37OK, let me read this from Seth. I'm going longer than I said
- 22:41than I said I would. I apologized.
- 22:43Everyone involved here. When it comes to how many beans
- 22:46are locked in, out of circulation, the number is much
- 22:49larger than anyone truly knows. Ron has committed to not selling
- 22:54his beans and being transparent, but many others are also
- 22:57investing heavily and won't sell.
- 23:01People think 1 value case is that Ron won't sell.
- 23:04Well, the value case strengthens because the community will not
- 23:09sell either. And that's the point guys,
- 23:12right? That's the point.
- 23:14When we get enough people and it's happening day by day by
- 23:18day, you know, and you never know, all millions of people in
- 23:21India join us as well. But people all over the world,
- 23:24wherever you're joining from, each and every day we're getting
- 23:27more and more people. It will, it will.
- 23:31It's basic laws of economics. It will happen.
- 23:34It will be good. It's time for Duster of the Day.
- 23:37Everybody's contributing. You're contributing today.
- 23:40I'd like to point out a Duster who's done a great deal to help
- 23:44our community, our friend Riptard, he's a talented artist.
- 23:49He's got one of the one of the several NFT projects out there
- 23:53in Reptar. He's been supporting us from the
- 23:56very beginning and I'm forgetting there he is.
- 23:59There's some of his artwork. Great guy.
- 24:01I've actually talked to him a few times on the phone.
- 24:04Wonderful duster, wonderful diamond hood.
- 24:08Like I said, he has an NFT project, Unicorn Fart Club,
- 24:12which is done very, very well, helped spur development.
- 24:16He's helped support Susie and I, I don't officially endorse any
- 24:20of the NFT projects. Everything is open source.
- 24:24But our friend Reptar is doing a wonderful job.
- 24:27And I mean, some beautiful artwork, right?
- 24:30And he's also, I know a diamond hood.
- 24:33He's told me that. Remember that day, guys?
- 24:36So I'd like to say to our friend, Mr. Reptard, thank you
- 24:42for all of your contributions. Thank you for what you're doing
- 24:45for the community. Thank you for the support that
- 24:47you given Susie and I through your projects.
- 24:51We do appreciate it. We all appreciate you.
- 24:54All of the artists out there are all appreciated.
- 24:57I'll feature all of you, OK? Everything is open source.
- 25:01Everything is about continuing, excuse me, to grow the
- 25:05community. And that's what we're doing and
- 25:07that's what we'll continue to do.
- 25:09Good. Fair.
- 25:10I was thinking about what's our GPS.
- 25:12You know what AGPS is, right? It helps guide us where we're
- 25:15going. We don't have Agps.
- 25:18You know what? We have dusters.
- 25:20We have a GFS. That's what's guiding US.
- 25:23Number one, we're good #2 we're fair, OK?
- 25:28This is a fair environment. This is what you've been
- 25:30dreaming of. This is what we've been dreaming
- 25:33of, right? A fair decentralized
- 25:36environment. This is the headquarters of
- 25:38Unicorn Fart Dust, right? And basically, it's in your
- 25:42hands because it's a special, OK, it's the, it's the GFS.
- 25:47Good, fair. But then it hit me last night
- 25:50and maybe we don't talk about it enough, but just how special
- 25:54this situation is, guys, think about how good we're holding up
- 25:59in this very challenging market environment.
- 26:02Think about where we've come over the last 10 weeks, right?
- 26:05The one literally literally stop think about this.
- 26:10We are like one in a million. What other big meme coins came
- 26:14out since we've been around? I mean, the the the the
- 26:18president of the United States 2 two days before he's going to
- 26:22getting inaugurated, put out a meme coin.
- 26:26Do you think he had a little advantage initially?
- 26:29Yes. You know, there's been other
- 26:31sports celebrities, other people that have put out meme coins,
- 26:36used their massive, you know, do they have an advantage
- 26:41initially? Yes, but they don't have the
- 26:44secret weapon. They don't have you, they don't
- 26:48have the community that has sprouted up around UFD, right?
- 26:54We don't have a celebrity. I'm I guess I'm the closest
- 26:57thing to a celebrity. But hey, you're all welcome to
- 26:59do live streams yourself. I think it'd be great if you
- 27:02started doing a live stream talking about UFD, do spaces, do
- 27:07live streams. Do it, please.
- 27:09It's awesome. But we don't have a celebrity
- 27:13and we don't have a billionaire. We don't have a we don't have
- 27:17millionaires, right? This, this has been the
- 27:20community situation from day one and that's made it very special.
- 27:25Thank you again to our sponsors Ledger and Moon pay right?
- 27:29They make this possible. I don't think I said this, but
- 27:32that support helps me to not not need to sell beans.
- 27:37OK, so that's important. Please, guys, you know when you
- 27:41put out tweets from time to time, right, mention Moon pay,
- 27:44mention Ledger, because what they're doing is that they're
- 27:47helping us along our journey. Let's talk real quickly about
- 27:51what's going on in the general economy.
- 27:54I thought this was interesting and that's something that we
- 27:56could talk about that I think will impact the crypto market
- 28:00and will impact the general economy as well.
- 28:05And I'll tell you why here in a second, but it was very
- 28:07interesting. Home Depot, right?
- 28:09And to me, that's the bellwether of what's going on kind of in
- 28:13the home improvement, which is a big sector of our economy.
- 28:17Only Home Depot just put out revenues that were good.
- 28:21But they're, they're sounding the alarm about the future.
- 28:25Home Depot's first, first fourth quarter revenue topped Wall
- 28:29Street's low expectations on Tuesday.
- 28:32But here's where it gets interesting.
- 28:36Home Depot has been struggling as shoppers held off on major
- 28:40renovation projects thanks to high interest rates and more
- 28:44cautious spending overall. Now, why does this matter?
- 28:49Why do we want to pay attention to this?
- 28:51It's very simple. Because what's going to
- 28:54inevitably need to be done in this economy as we move forward
- 28:59is further printing of money by the Federal Reserve.
- 29:02Printing money. Remember, we can't print UFD.
- 29:05There's a billion of them. OK, but however, our friends at
- 29:10the at the United States Federal Reserve can print these paper
- 29:15dollars into Infinity, and they have shown over the last several
- 29:20decades that they're more than willing to do that.
- 29:24That makes things that are finite in nature, right?
- 29:28Any type of silver, gold, Unicorn, fart dust is finite.
- 29:32There's only a billion Beans become more and more valuable.
- 29:37So from a UFD perspective, we can keep an eye on what's going
- 29:42on in the general economy because it's important for us to
- 29:46realize that that will impact the value of what we have.
- 29:51Anything that's finite will always be more valuable.
- 29:55Anything right, that is supported by a community of
- 29:59people, a community like you, right?
- 30:01That's where anything gets its value from, is from people,
- 30:05people agreeing, right? So if we have a finite source,
- 30:09which we do, and on top of that we have like the most
- 30:14enthusiastic, the most passionate community of people,
- 30:20we are going to be just fine. Guys, think about it.
- 30:25I'm more optimistic than ever. Think about what we've been
- 30:28through in 10 weeks. I don't need to list it out for
- 30:32you again, but we have been probably through one of the most
- 30:35challenging environments. And the good news is that we are
- 30:41strong and we are getting stronger because you know, and I
- 30:45know, right? This is our chance.
- 30:47This is our fair level playing field.
- 30:50That's why I'm pouring my heart into this, OK?
- 30:54Because I believe in it. I believe right in the 1 billion
- 30:58beans. I promise I won't say it again,
- 31:00but I believe more in the community.
- 31:03I believe in you. Thanks for being here.
- 31:05Don't forget in one hour, little less than an hour, we'll be
- 31:09doing a Spaces event. You can go to my profile, set a
- 31:13reminder. I'll look forward to seeing you
- 31:14guys. Have a great day.
- 31:15Be good to yourself. Got to be good to yourself 1st
- 31:19and that's OK. And then be good to other
- 31:21people. Good attracts good.
- 31:23Have a great day.