THE GREAT RESET 🚨 GOLD VS BITCOIN?
Hosted by @Bark · 2026-02-01 · Tags: BTC
TLDR
The speakers reacted to sharp declines across precious metals and crypto, debating whether ordinary investors have any safe place to preserve wealth amid inflation, leverage, and alleged market manipulation. The discussion became increasingly alarmed and conspiratorial as Speaker 4 connected newly released Epstein-related material to MIT funding for Bitcoin developers, while others expressed long-term faith in physical metals or deep pessimism about the financial system.
- Silver and gold were described as suffering extraordinary losses, with speakers alleging manipulation by major banks and market insiders.
- Bitcoin fell through the upper-$70,000 range during the conversation, while Ethereum, Solana, XRP, and BNB were also reported as declining.
- Speaker 5 argued that the Epstein-file news cycle may be distracting the public from major crypto liquidations and precious-metals volatility.
- Speaker 4 cited a sharp increase in silver-futures margin requirements as evidence that retail traders were being excluded.
- Physical silver advocates argued that paper prices are unreliable and that ownership of tangible metal matters more than short-term price action.
- The group discussed large reported premiums for silver in India and Shanghai compared with Western spot prices.
- Speaker 4 presented allegations that Epstein-funded money reached MIT's Digital Currency Initiative and therefore indirectly supported Bitcoin Core developers.
- Participants debated gold versus Bitcoin, noting Bitcoin's auditable ledger but questioning its origins and the integrity of its early development ecosystem.
- Speaker 5 said inflation, crypto volatility, and alleged metals manipulation leave average families feeling financially trapped.
- The overall tone was highly distrustful, volatile, and bearish, despite long-term optimism from Speaker 3 about gold and silver.
Speakers
- Speaker 1 — Participated briefly in banter and appeared in a played clip discussing how successful traders rely on intuition rather than easily defined mathematical rules.
- Speaker 2 — Made limited contributions, including clarifying that CFD pricing can differ from futures-market pricing.
- Speaker 3 — Strongly defended physical gold and silver, dismissed short-term paper-price declines, blamed large banks for manipulation, and argued that precious metals will ultimately challenge banks and the Federal Reserve.
- Speaker 4 — Led the discussion, monitored live gold, silver, and crypto prices, highlighted cross-market price discrepancies, and repeatedly alleged systemic manipulation. They also advanced speculative claims connecting Epstein, MIT funding, Bitcoin Core developers, and possible compromise of Bitcoin's founding ecosystem.
- Speaker 5 — Suggested the Epstein news was a distraction from liquidation events, anticipated major volatility at the futures open, and expressed hopelessness about protecting family wealth through cash, crypto, or metals.
- Speaker 6 — Provided skeptical and comedic pushback, debated racial and class explanations for elite impunity, questioned whether reading the files was enlightening, and joined the live market commentary.
Notable quotes
- “I think a big distraction, personally, I think it's to keep everyone busy, keep everyone occupied, keep everyone's finger off the pulse of the We saw the largest liquidation event.” — Speaker 5
- “You need $95,000 of margin just to trade silver futures now.” — Speaker 4
- “Gold ends the feds, silver ends the banks.” — Speaker 3
- “It feels very hopeless to figure out what to do for your future and your family's future.” — Speaker 5
- “Everything I've ever been told is a fucking lie.” — Speaker 4
- “Why did they go buy gold?” — Speaker 4
- “We're sailing into some choppy waters, All right, globally, everything, we're sailing into choppy waters.” — Speaker 4
- “Bitcoin's at 76,000.” — Speaker 4
- “A 35% drawdown is in in insanity.” — Speaker 4
- “The money always goes somewhere.” — Speaker 4
Transcript
Speaker 1: The. The.
Speaker 2: The. The. The.
Speaker 3: The.
Speaker 4: The.
Speaker 2: The.
Speaker 4: The. Yeah.
Speaker 1: You all right? Yeah.
Speaker 4: All right, man, set time. It's 510 and it's Sunday on top of it all. Holy moly. Just just reading through thousands and thousands of pages of the most insane things you've ever seen. All right, Siri.
Speaker 1: Enough.
Speaker 4: No, I'm sorry. I actually heard that these these AIS are listening and they're they're taking notes of how you take care of them or how you treat them. So I'm going to start treating them nice. You know, I don't want to have to deal with the 8 foot titanium robot at some point in the future. What's up everybody? Happy Sunday. How we feeling?
Speaker 1: Happy Sunday, brother.
Speaker 2: Feeling great, happy.
Speaker 3: Sunday.
Speaker 4: Y'all feeling good?
Speaker 5: Fantastic.
Speaker 1: Excellent. Seriously.
Speaker 4: As good as can be actually. Guys, for real.
Speaker 5: I'm just counting down the day, Super Bowl Bart.
Speaker 4: Isn't why not? I don't point at like 60,000.
Speaker 3: We have each other.
Speaker 4: Oh yeah, yeah, yeah.
Speaker 5: Man, you should be happy.
Speaker 4: No one has any Bitcoin. Yeah, uh huh. Because they weren't. They weren't buying. Nobody bought. So.
Speaker 3: We'll be buying.
Speaker 6: At the bottom forever.
Speaker 4: Right, right. Well, it is Sunday. You guys showed up. So there, there you go. There's your first doubt, your first win. You guys work on Sundays? I don't know. I heard a lot of people say that they don't work on Sundays or I don't know what that's about.
Speaker 1: Yeah, every.
Speaker 5: We work most days. Every day, Yeah. Oh yeah. We.
Speaker 4: Work every day.
Speaker 5: Got it.
Speaker 2: I'm.
Speaker 6: Actually unemployed right now.
Speaker 4: Still.
Speaker 6: Oh, yeah, I still, I got, you know, to like a little bit like July or something. I'm looking hard. Real hard.
Speaker 1: I don't work on.
Speaker 4: Sundays, but I still show up to work type shit. Nice.
Speaker 6: Nice.
Speaker 5: I'm working right now.
Speaker 6: It's the Sabbath. I'm working hard now.
Speaker 4: Yeah, yeah.
Speaker 6: The Sabbath.
Speaker 4: Right, buddy? Holy shit, yo, there's a great Awakening happening. Maybe I should change the name of the Great Awakening?
Speaker 5: But you know, we better wake up soon. It might be flying too close to the sun.
Speaker 4: Yeah, no, believe me, we're I don't.
Speaker 6: Think that exists anymore?
Speaker 4: Yeah, we're way beyond those days, way too close to this sun. What do you think we've been doing for the past couple of months? I've had to keep kicking people off the stage because they're pushing it too far. Holy moly.
Speaker 6: Not today, we're on point.
Speaker 4: Because I've been reading these fucking files all day. I don't know about you which y'all been up to? Probably doing normal stuff, but God damn dude, it's a Ryan there man, huh? Yeah.
Speaker 5: Yeah.
Speaker 6: It's fucked up bro, why do you want to poison your mind with this stuff? Is what I want to.
Speaker 3: Know oh why do I want to?
Speaker 4: It's enlightening. It's not poisoning. Yeah, yeah, yeah, yeah, yeah, yeah.
Speaker 6: Is it really enlightening when you already know what's going on?
Speaker 4: No, I, I, I don't. Oh, did you, did you know that? Yeah, that an MIT lab was funded by Jeffrey Epstein to develop Bitcoin. OK.
Speaker 6: Did you know that Albert Einstein assisted in creating the nuclear bomb with Oppenheimer and Tesla Like.
Speaker 1: So.
Speaker 4: What? What are you trying to say?
Speaker 6: Yeah, exactly. Does it make Einstein better than fucking Epstein?
Speaker 5: Yeah, a little bit.
Speaker 6: A little bit. Just a bomb that just destroys everything and creates Hiroshima, Nagasaki. But Epstein, you know he's worse.
Speaker 5: But when Einstein was doing it, did he know that that's what he was?
Speaker 6: Oh, he knew the implications. Come on.
Speaker 4: If you knew what Einstein was web then it would make sense.
Speaker 6: Oh, I know. I know what he is. He's a German bro. Come on now. Like don't come at me. Like, I don't know what's going.
Speaker 4: On No, no, no, no, no, no. I'm not talking about that.
Speaker 6: Oh smarty, no.
Speaker 3: It's.
Speaker 6: A smooth Yeah, one of those, yeah.
Speaker 4: Yeah, no, I think it's important that you pay attention to what's going on. And I read through the files so that you don't have to. Obviously I can't read through all of them. There's 3,000,000 files. So I've been going in order of of what is likely most important. I don't know, I probably read 10,000 fucking documents today. And these are all right on the government website, justice.gov. So, you know, anybody can go look at these and obviously these have all been cleared by the government. So, you know, there's a lot of stuff out there. I thought it was interesting because the timeline literally went from from discussing investments in financial markets and everything and just normal stuff AI, it went from talking about all normal stuff. Literally the entire timeline has turned into the Epstein files. Have have you? Has it been the same for you guys?
Speaker 6: Absolutely. Pretty much.
Speaker 5: Yeah, everywhere. Yeah, if you can't escape it except for just turning everything off.
Speaker 4: We're just drowning out the noise. Yeah, Just like, ignore, like scrolling right past it. Yeah. I mean, it's kind of difficult to scroll right past it. There's so much. There's just so much going on. What the heck, man? A lot of weird pictures. People wearing underwear just wearing underwear around. People have terrible underwear choices too. What if nobody rocks? PSDS the billionaires not rock PSDS everybody. Every billionaire rocks like a used old pair of tighty whities.
Speaker 1: Brute of the Loom.
Speaker 4: They never heard an ethical. They never heard an ethical, bro. Yeah, legitimately they never heard of ethical.
Speaker 3: I.
Speaker 4: Don't know, bro. I don't know what these guys are up to. Whack fashion, bro. Whack fashion.
Speaker 1: Not only that.
Speaker 5: But he wrote one of his bank accounts.
Speaker 4: Yeah, yeah, they also eat each other.
Speaker 3: Yeah, I mean it's.
Speaker 4: Do we owe conspiracy theorists an apology? Because I've heard all this stuff bark like I've heard this stuff before and.
Speaker 5: Like 5 years ago, right To apologize, seeing it to Brett, to Freddie for the times I doubt with the conspiracy theories, yeah, I apologize.
Speaker 4: Well, when you see it on justice.gov, I mean it real. It just hits, yeah. Nothing says nothing says justice.gov like 0 people being arrested at all for the Epstein files. Nothing says nothing says justice like like nobody getting not one conviction right. Yeah, I'm, I'm confused about that fight.
Speaker 6: You want to know what they call that? They call that white privilege.
Speaker 4: Dude, well Jay-Z was in there and they got Obama's in there bro. Your takes have gotten somehow some.
Speaker 6: People.
Speaker 4: You've been doing this now for three years.
Speaker 6: Also get the white.
Speaker 4: You've been doing this for four years. You've been doing this for four years, and somehow your takes have only gotten worse. I don't even know how it's possible.
Speaker 6: Listen, I you know as a.
Speaker 4: Trouble. I actually don't know how that's possible.
Speaker 6: Defend.
Speaker 1: It defend.
Speaker 6: It. But yo, let's keep it a buck, because if it was all black people doing that, if it was 10 ditties and Jay-Z, every one of them be in jail. Let's.
Speaker 4: Keep it, bro. Yeah, Really, really deeper than that, bro. I don't think everybody should even have access to the Internet. Now when I hear shit like that, I think we need to start limiting access to the Internet. I think you need to. You need to solve some sort of puzzle, like some sort of mental puzzle, like a small IQ test.
Speaker 6: Yeah, I'm passing every time. So now my take's terrible.
Speaker 4: Yes.
Speaker 6: All right. Well, I'm sorry again that you are.
Speaker 4: Apology rejected if.
Speaker 6: Your people get to get to get away.
Speaker 4: With my people. OK, dude, I'm darker than you. I got more melanin. I have more melanin. OK? I have more melanin than you do, bro. I swear to God, I got a picture of me and you standing next to each other. It looks like I gotta be here. Flipped.
Speaker 6: By some MF for that's upset that all of his.
Speaker 3: People go.
Speaker 4: To jail like you're. Yeah, you're going through some yeah, yeah, yeah, yeah. Look, it's fine. I get it. You're going through an identity crisis at the moment. You know, I got more melanin in me. I'm like 2% Native American, 5% black, and we got a picture of us standing next to each other. I'm twice as dark as you, bro. You can barely see me in the picture. OK, so legitimately you're going Benjamin Button style. You're becoming more white as you get older, too. It's.
Speaker 3: Not.
Speaker 4: In your old ways. You're boiling chicken, bro. You're boiling chicken. You don't even use seasoning, OK? So you talk about. What do you talk about? You know, And this is the other thing too. They just want to divide everybody, OK? They just want to divide everybody. But I don't know this. To me, this. I've seen stuff seems uniting. It seems like it's uniting people. There's some awakening. I'm seeing stuff on the timeline that I've never seen before.
Speaker 5: Well, I you notice that too.
Speaker 6: I was watching.
Speaker 4: Everybody notices. I was watching something yesterday and this could be a unification moment because you realize it's not necessarily about what religion you practice. It's not about your skin color. Other than I guess Webb's the only one that got that as a take away. It's more about like the have nots versus the have yachts. And, and so it's it's, it could be looked at as like something that would unite people.
Speaker 6: For sure you're going to gas me up, but listen, guess who's have? Not the whole time. So welcome to the Have Not party.
Speaker 4: Well, I mean, there's, there's all kinds of races that are poor. Well, just just.
Speaker 6: Educate you a little.
Speaker 4: Bit yo, Webb, really, really, dude, we're gonna we're gonna we're gonna come on, let's give it a buck It it it's it's it's one more strike. I mean that this is your final strike for the day. You know it's your final strike for.
Speaker 3: The day Hey Webb, I was poorer than the black kids in school. I'm white.
Speaker 6: Yeah.
Speaker 4: Yo, get out of here. How do you feel now? How do you feel now, everybody?
Speaker 3: 'S me, I made my own way. I feel good.
Speaker 6: Poor doesn't have shit to do with race.
Speaker 4: Like no. I'm.
Speaker 6: Yeah, poor doesn't have anything to do with race. A lot of us are poor. Black people been poor. Welcome to the poor party.
Speaker 4: OK, All right, guys, again, I just have to say not everybody's take up here reflects this account. In fact, nobody's take up on stage reflects the takes of this account. This account is just, we just hit the start button on spaces and we talk about news. That's literally, that's literally it. If people want to come up here and and speak their piece, you're more than welcome to, but just understand that this is a place of discussion. So all ideas are welcome, but not all ideas are good. Couple things we're watching though for now is we got silver futures pulled up and we're ready to rock'n'roll silver futures closed at $99. We're going to be seeing what's going on here and if we're going to get I also see I just saw this right now and the reason I'm talking about it. Silver prices in India's in India exceeded Friday's losses during Sunday sessions. So silver futures in the multi Commodity Exchange of India, my friend Tiki Tiki fell another 9% on Sunday. So so it looks like there is some some potential more. There's some more potential. People are now posting Jeffrey Epstein investing advice like he's he's out here giving advice on how to trade. You really can't make the shit up. They're idolizing this guy. So I don't know, there's so much going on, guys. I feel like we're we weren't even meant to be What I just remember there used to be days where I would wake up on a Sunday and I would literally just play video games and and then go get inside with my friends. I.
Speaker 5: Didn't ride my bike.
Speaker 4: Yeah, now I wake up on a Sunday and read 10,000 files of the Epstein files. So you know, things have definitely changed. What do you guys, what do you think is going on here with these, with this Epstein stuff?
Speaker 5: I think a big distraction, personally, I think it's to keep everyone busy, keep everyone occupied, keep everyone's finger off the pulse of the We saw the largest liquidation event. Then we saw the The next day we saw the largest liquidation event again. Then we saw the 10th biggest liquidation event in crypto. I think they they're just trying to keep the people away from from from from the money.
Speaker 4: From the money.
Speaker 5: Yeah, I don't think it's a coincidence that after however many years they were waiting to drop these files, these files coincidentally drop after these liquidation events. I don't know. That's that's too much of a big coincidence to me, OK.
Speaker 4: I asked one of mine, sorry to disrupt. I asked one of my neighbors just randomly as our possum, do you see what happened to the gold and silver prices? What, what He just said no, I didn't. What happened? Absolutely no clue. Just gone about his day. Doesn't know what's happening. Like that's that's, that's the state of most of the people. They don't know what the price of gold and silver is doing. They don't know what it what anything is going on. Well, it's not being covered at all. I mean, you, you can't find it. I mean, the only place you'll find them talking about it are the depths of Internet forms, financial forms, financial YouTube. I mean, I got a, you know, I got YouTube videos about gold and silver pumping that got 13,000 views, you know, so that's, that's the only place you're going to find it. What is mainstream media covering? Oh my gosh, dude, Kylie Jenner's new fucking lip filler and.
Speaker 6: Have you tried it though?
Speaker 4: And Charlie d'emilio's new liboo Boo.
Speaker 6: Did you get 1? I tried the lip bumper, not the liboo Boo.
Speaker 4: Yeah. What time do futures open? Is it in seven at 6:00 or 7:00?
Speaker 5: 35 minutes.
Speaker 6: June.
Speaker 4: Really.
Speaker 5: Yeah.
Speaker 4: OK, Sunday, 6:00 PM Eastern. What do you think is going to happen tonight guys?
Speaker 5: Well, Tennessee lower, I think it's going to be we're we're going to see a lot of movement either way. I think you'll know pretty quickly which way it's going to be moving. I don't expect steadiness. I expect I'm expecting a like probably 100 dollars, $200 swinging gold off the off the jump. Did you see? Did you?
Speaker 4: See what Jim Cramer said about Michael Saylor pumping Bitcoin up when futures open. No, he, I, I guess he came out and said that sailors should pump Bitcoin above 80,000. So people call for a like a double bottom, ignoring that we broke down below 80. But I don't know. And you know, you know, Kramer, sometimes he's a in or he's always an inverse signal. So we might actually be going lower as far as crypto goes to inverse. Kramer is outperforming Nancy Pelosi's Insider Information.
Speaker 6: Yeah bro, it's a.
Speaker 4: Phenomenon. Yeah, yeah, yeah, absolutely. I watch Kramer. I watch Kramer. You watch the show. No, I watch what he says. I mean, he usually tweets it out. I mean, yeah, I know he has a show, but he usually tweets it out and it's like every single time he's tweeted throughout this, this bull market, the complete opposite happens with crypto. Outside of maybe one or two times where I think one, one time in the last year where he was actually right on something, but people still listen to what he has to say. Just 'cause you have a lot of fans or a lot of followers doesn't mean doesn't mean that you're right. You know, it doesn't mean that you're right. You see this on Robin Hood. You need $95,000 of margin just to trade silver futures now.
Speaker 5: What did it used to be?
Speaker 4: What did it used to be? Yeah. Like did they used to require you? I don't think it was a lot at all. I think it was, yeah. I think that they increased next to not very, very little margin requirement $95,000. You can do 14 people.
Speaker 3: For.
Speaker 4: Leverage, yeah. I don't think they want people in there bro.
Speaker 5: Yeah, because that that was always an issue. We when we used to go around in the gold trading, we can never take clients in any American or American owned country. So you had bans against Metatrader etcetera. And like, I guess it's like personal brokers in a way, but but no American, you can ever take an American client as such.
Speaker 4: It was. It was $12,000. It was 12,000. They hiked it up to 54,000 Burke and now they hiked it up to I don't know what you said, 9595 thousand. Oh, oh, you're saying you're saying it used to be 12,000. It used to be 12,000. Then they hiked it up to 54,000 and now it's where it's at right now 94. So they've increased it, probably trying to keep the regular people out, of course. Well, bro, it's crazy. Some people are allowed yo, and we say that a lot, like we've said that so many times in so many different aspects. But but seeing like the elite pretty much have God Mode and I don't know, you know, it's all it's just it's just becoming super, super clear that there's a line being drawn in the sand. It it's not even pretty much have God Mode. It it's literally have God Mode. I mean, in these file, in some of these files, they talk about how, you know, the, the the markets are completely rigged against the average person, you know, and he and Jeffrey Epstein was trading, what was it? Shipping futures. He was shorting shipping futures. Not just him. I mean, yeah, I know. I know. Dude. I got it. Yeah. I mean, his bank account is literally a nickname for Satan. I mean, you know, this is who, this is who you're trading against. This is who you're trading, guys. You're literally trading against Satan. I mean, I'm not even. I wish I was joking.
Speaker 3: God's money is going to take them out. Watch you think so? Oh hell yeah.
Speaker 4: They're trying everything in their power to to crush it though. Aaron, what do you think is going to happen this?
Speaker 5: This week with.
Speaker 4: Precious metals.
Speaker 3: That that price drop, dude, is it was comical to me, honestly. Like I said, my Oz is still an ounce. I know their games they're playing. We're 100% going to beat them. Yeah, but what about the feds? Gold ends the feds, silver ends the banks. The people's going to understand why.
Speaker 4: Yeah, yeah, yeah. You got to be careful talking like that, Aaron. You know what they do to people that talk about like, talk about ending the bank and the Fed, right?
Speaker 3: Yeah, yeah, fuck them. CZCZ shared your shit. I seen bark. Yep.
Speaker 4: You. Oh yeah. He's in here all the time listening.
Speaker 3: Yep.
Speaker 4: Yeah, he's in here all the time listening. Michael Saylor's in here talking on an alt account. Some of you guys have heard him. I mean, it's this is just normal stuff. We've got government employees with great checkmarks listening in here. Defense contractors, Department of War, SEC, Department of Justice, FBI in these spaces, listening for information. We're up in the war room. You don't think that they have? Are these tweets up in DC in the war room? Come on, fam. Come on.
Speaker 5: Such one of use the insider.
Speaker 4: Yeah, insider. I hardly know her. OK, so so Aaron, you're bullish for, you're bullish from the for metals, precious metals, gold in the long term, but what about this week? What do you think is going to happen? Futures open up in 30 minutes.
Speaker 3: Man, it's all click of a mouse man that can change it to any price they want like they did oil. It went negative, you know, so it really don't bother me. Price action don't bother me. Like I said, you're late whenever force majeure and I'm going to stick to that.
Speaker 4: Just going to keep smiling through it, right?
Speaker 3: For sure, as long as I can still see and touch my shiny I'll be all right. I don't know how crypto Bros do it man. If I can't see what I got bro, I'll go crazy probably.
Speaker 4: So, so, OK, so you talk about they are manipulating it. Let me ask you a question. Just who is they?
Speaker 3: The big banks, JP Morgan and all them that that shuffle contracts, you know.
Speaker 4: What? I'm Jamie Dimon, brother.
Speaker 3: Yeah, they're the only ones that can do that. You, you go try to bark, go fucking short what they do and stuff. You, you'd go, you'd be in fucking prison. You won't have no white card like like website. You won't have nothing. Your ass is gone.
Speaker 5: Emperor Palpatine.
Speaker 3: Hey Bart, have you ever seen The Fall of the Cabal? It's like an 8 part series.
Speaker 4: Dude, I I led the fall of the Cabal. Yeah, I was about to say we. I don't think you. I don't think you have. I watched it, bro. I had that. I had the fucking. We were out in the front. We were on the horse out in the front with the sword in the air, you know, aimed at the sun. Come on, man. Dude, follow the Cabal. We led the fall of Cabal. Where is the fall of the where? This is the Cabal. They're nowhere to be found. They're they're they're gone. They're playing among us. You know the money ran out. You know it ran out. They're playing video games, watching us, listening to every space, looking at every tweet, filming at the mouth, frothing at the mouth, twiddling their thumbs, wishing that they had just done things a little bit differently. This will be a a historic week for markets. Most people have no idea what's coming. We just witnessed the alleged precious medal. All eyes on futures tonight. All right, it's going live.
Speaker 5: It just feels so hopeless, you know, like, like what's the next plate? There's it just feels hopeless, like there's no option. You can't just save your money, hoard your money because the dollar is just devaluing in front of your face. You can't, you know, try to plan your play in crypto because well, they'll just do whatever they want with that. And then you think, oh, well, let's look at precious metals. And now that's just a great manipulation. Like it feels to be somebody who's just average. It feels very hopeless to figure out what to do for your future and your family's future.
Speaker 4: You think? You think it's hopeless?
Speaker 5: It feels that way. It feels like what you know, like just really trying to figure out what is the, what's the play, What's the next play. It feels like no matter what you do, it's just going to be pulled out from under you do.
Speaker 4: You think there's any chance for the average investor these days? Like how do you make money these days?
Speaker 5: Exactly. I don't know. That's what I was just talking about in Myspace, Like right now, I don't feel like there is a way to make money there, even even just Fiat, you know, like it's you're just on a hamster freaking wheel.
Speaker 4: Maybe you should take it some advice from from Jeffrey Epstein here, which is going viral on X about investing.
Speaker 1: Experienced and successful traders and you ask them how they know what's going on. They can't give you an answer. They don't know they feel it. They can feel the way the market's moving and they can feel the way this stocks.
Speaker 4: They can feel the way the the markets are moving.
Speaker 1: And that these not very well defined terms. It's not it's difficult to put in mathematics terms. How did I feel it? You could look back and make guesses what I was seeing. But great traders feel it and then act on their feelings.
Speaker 2: That's the difference.
Speaker 4: Spam the 100 if you agree with Jeffrey Epstein.
Speaker 5: Oh dude, they they don't feel it. They made the plan with their friend and they knew it was going to go.
Speaker 4: Through just spam the hundred guys.
Speaker 5: No, no, no.
Speaker 4: He's spot on right? Spam the 100 spam.
Speaker 3: The 100 if you.
Speaker 4: Agree with Jeffrey Epstein. He sounded like he was from Bosch. With Jeffrey Epstein just trying to make a couple dollars. I just need to invest my money and make a couple dollars. I don't need to be too rich. So yeah, that's crazy. People are. This video right here has 300,000 views. Jeffrey Epson says the best traders act on intuition. Look at the comments. This is great advice. We've lost the plot, guys. We're losing the plot. I mean, we're we're we're genuinely losing the plot. Yeah. I mean, I don't know where where do you, if you want to make money in the long term, where do you put your money? Where do you invest your money?
Speaker 3: You better learn like a trick or start a business or something.
Speaker 4: Yeah, OK, Go start a business. So that can be taxed at 50%. I agree. I agree that is it all an illusion? I mean, I'm genuinely curious, is it all an illusion?
Speaker 1: It is. It is.
Speaker 4: You know, unless you're waiting to be, unless you're ready to be rich when you're 90 years old, like Warren Buffett. You know, Warren Buffett made 95% of his wealth after he turned 65 years old. He made 95% of his dwellers after he turned 65 years old.
Speaker 5: I always go back to what Grant Cardone told us, he said. You you just have to get as close to the money printer as possible and as soon as it touches your hands you got to get rid of it.
Speaker 4: OK, OK, let me go apply that real quick, all right? What am I supposed to do with that advice? Defy.
Speaker 5: Well, find where I picture it like the the the flow, right? See where the money's flowing, get as close to the front of it as possible, and then take that money into something something else, depending on, I guess, your risk appetite.
Speaker 4: Yeah. OK. So there's nothing to buy. So, so no answer there. OK. If I want to turn a couple dollars into into some more dollars, where should I put the dollars? Can anybody give me an answer? Literally, because I was told that gold and silver were safe investments, but I don't even know who told me. Reckless. I was screamed at to buy gold and silver and it went down 50% in one day. So we're going to find out here in in 24 minutes what's going on with gold and silver. But yeah, where's the where's, where should we be putting our money? I'm also seeing now look at this right here. Somebody's calling for a I've never seen this level of technical analysis of my life. They were zoomed out so far on this fucking chart it's not even funny. Let me see here somebody's saying it's a 45 year cycle began in 1980 and ended in November of 2025. The previous 45 year cycle began in 1933 and ended in 1978 and it's the Dow Jones to gold ratio. Y'all heard of this one? Dow Jones to gold that sounds.
Speaker 5: Interesting.
Speaker 4: Maybe I should make a post about it. Futures market open. OK, so then they tweet about this. They don't tweet about this very often. This person doesn't tweet very often, but when they do, I think it's pretty serious. Let me see. Just let me ask. Let me ask Rock here, explain if this is a true investment thesis and the likelihood it's true percentage wise. Let's find out. OK, so the Dow gold ratio, OK, let's see here. This is a macro contrarian gold oriented analysis that's popular in certain finance circles during periods of high equity valuations and geopolitical economic stress. Whether 2026 truly becomes another reset year with new monetary system, digital sentiment shift, CBDC acceleration. Rock literally says that we're getting CBDC's guys and this whole Epstein dude. This is also when somebody talks about this Epstein stuff. I mean, guys, look, there's a lot of weird shit in there. I'm not. So I'm not so keen on just reading into the, the, you know, I'm not so keen on just to going into the, the dark stuff. I'm more interested in information that could potentially pertain to me. You know, again, I'm not so curious as to what they're doing. I'm curious as to money following money. Where is money, where money is going? And there's no denying that there's a lot of Bitcoin mentions in here, including some MIT funding, some laboratory funding, some knowing the Bitcoin founders. I mean, he literally, you know, Epstein directly mentions or directly calls out some of these people and some of these Bitcoin early developers, these core team members in one specific article I've seen even recalls, you know, taking control, quote UN quote, taking control of three of the five Bitcoin core developers. These are not these are not people that were a part of it, like mining or anything. I'm talking people literally on the development team. And yeah, so this is a lot of new information guys, about where Bitcoin came from, so.
Speaker 6: Do you think those individuals were compromised in any way?
Speaker 4: Yes.
Speaker 6: Blackmailable, essentially.
Speaker 4: Yeah, I mean, yeah, blackmailable, white, white, mailable.
Speaker 6: Yo shout out to the white males. Respect.
Speaker 4: Yeah, where does the term blackmail even come from?
Speaker 6: Same place that Jimmy comes from, yeah.
Speaker 4: Yeah. So do I think that do like, I want you to understand that the chances of Jeffrey Epstein, Jeffrey Epstein getting like compromising the core Bitcoin team is non zero. You know, it's non zero. I'm not even trolling. The fact that like Satoshi Nakamoto, Satoshi Nakamoto is not a person. It's a it's a group of people. But the idea that Satoshi Nakamoto could have been compromised by Jeffrey Epstein is non 0. How ridiculous is that? I mean, really, this is not a this is not some summertime lullaby, you know, picnic or as, as Peter Schiff would say, a Sunday school picnic. He loves that one. I'm gonna start saying that this ain't a Sunday school picnic, guys. This ain't all sunshine and rainbows. Let's just see here because nobody has any information or everyone's too afraid to say it. Give me a detailed analysis of Epstein's relation to Bitcoin from the new files that have dropped and the likelihood that Satoshi or the founding team is compromised in this ring. Holy shit. Now I'm asking Gemini, which is owned by who owns who owns Google? Oh, Larry Ellison. Who's Larry Ellison? Go look at him. Go look into his background. All right, so I feel like I'm losing my, I feel like I'm a little bit, I am starting to lose.
Speaker 6: Psychosis. I sent it, you know. That's okay. We're here for you. Bark whatever you need.
Speaker 3: Well, we're going down a rabbit.
Speaker 4: That's what they want to think head is getting, bro. No, no, no. There's no psychosis, yo. We see clear as fucking day, yo. It's the reason it's shocking, yo. It's shocking, jarring.
Speaker 3: OK, that's why it all can't come out at once.
Speaker 4: Bark. You know what bark you have a you have a conscious, A moral compass. You're a good person. So when you see all this stuff hitting you all day, it it changes.
Speaker 6: It's a.
Speaker 4: It changes things. Yeah. It changes things, Yeah. And nothing will ever be the same, guys. OK, So guys here. Here's what I want. Here's here. OK, When I talk about head spinning, you mean, So I would say that psychosis, a psychosis is is is more how do I put this? A psychosis means that you go kind of into a La La land and you enter into some sort of realm that is not real, where you're seeing things that aren't real, you're hearing things that aren't real, you're believing things that aren't real. This is not psychosis. OK, Psychosis is you, you, you. The lines between what's real and not real are being blurred and against your own will and you know, and you have no control over it. This is not psychosis to me. This is basically the fact that it's a complete opposite. It's coming to it's coming to the light. It's coming to the truth. All of the things that for the past 10 years have been conspiracy theories and everything's that have been, you know, untrue or things that people have gotten banned from social media for saying or things that people have gotten fired for saying. Things that people have gotten and guys, I'm I'm not even joking, have gotten killed for saying the things that people have gotten killed for saying just years ago are now being posted with full confirmation on the Justice Department, the.gov government website, 3.5 million files. OK, so when somebody says Yosotoshi was Satoshi was compromised by Jeffrey Epstein, that's hilarious, right? Like, you know, but but now you know, here we go. So Satoshi, so let's just see here. So there's a direct financial pipeline from Epstein to the MIT Media Lab because this stuff just came out. By the way, you know, this is not stuff that we've been sitting on. This is brand new stuff. So, so this is the files confirm a direct financial pipeline from Epstein to the MIT Media Lab, which was the primary funding source for Bitcoin score developers. The Joy Ito connection. Joy Ito is the director of the MIT Media Lab and he was a close associate of Epstein. Epstein funneled hundreds of thousands of dollars into the MIT lab. Now here's where the compromise comes into play. The MIT Media Lab used these funds to launch the digital currency initiative, DCI. The DCI paid the salaries to the Bitcoin Core developers, the people maintaining bitcoins. Core code and Epstein so Epstein sex trafficking money effectively played the salaries of people building Bitcoin score infrastructure during the critical growth years. And in an e-mail reference, he says that he had taken control, quote UN quote taken control out of three of the five of them who are unnamed they're blacked out. Their names are blacked out. You know, it's, it's, it's very, it's very fucking, it's very concerning. I'm very concerned over this now, you know, you could say it's just all a conspiracy theory. It's everything's a conspiracy theory. Bitcoin's at 77,383. They want a Michael Saylor liquidation. You know, there's a lot of money out there. I don't know, there's just a lot of stuff floating around right now, guys. And, and holy moly, it's the opposite of psychosis. It feels like my head just keeps spinning around on top of itself. I woke up today just because I started reading them last night and I was like, I'm just gonna go to bed. I'm just gonna do this today because I also don't want to take anyones word for it. I want to go do it myself. So I went through and I was reading them, but Oh my gosh, guys, it's like I'm being. Everything I've ever been told is a fucking lie. And it's not just Brett or some crazy lunatic coming up here and saying it. You know, Bret's not a crazy lunatic, but he would be identified as a crazy lunatic by the normal population. Now, Brett, people owe Brett an apology. People owe conspiracy conspiracy theorists an apology. I want you all. By the way, futures open up in 14 minutes. So Papa Perk, let's go. But, you know, we owe conspiracy theorists an apology. Conspiracy theorists were right about just about everything. There's just a few conspiracy theories that have yet to be true, and that's because they they're the end, you know, this is the end of the game. You know, that's how they end the game with these final, the final conspiracy theories depict the end of human civilization. Well, the end of a certain end of all humans except a certain religion. Only one religion makes it out. You can maybe as you can guys can figure out who that one is. Nobody wants to say it though, so except for Webb, who's going crazy in my note, he's just going back and forth with rib about nothing. So, OK, so silver futures and gold futures open up in 14 minutes. Guys, I'm very, I don't know how to say this. It's not an excitement, it's not a fear. It's just a it's awareness that something crazy is going to happen. I called Shibo about a week ago and I told Shibo that something huge was about to come. Something massive was about to come. Like it was draw jaw-dropping, jaw-dropping. Most people, most people aren't going to be able to handle it. They just won't be able to handle it. And it did. It did. Guys, look at what we look at what's happened in just the past couple days. Again, I pinned it up to the tweet at the top. Oh yeah. And if you guys don't, if you guys think that it's going to stop coming, it's it's going to keep coming. Every day you wake up, something massive is going to come. And you know, this is you just have to get used to it. Every single morning, every single morning, you're going to see it and something massive is going to come. So I just pinned it up to the top. It feels like that these days too, sometimes at night as well. All day you're getting hit. You know what I mean? Is there's there's no more. There's no more calm days.
Speaker 5: Well, the Great Oz Curtain is now down, right? So it's no hold barn like you're just going to. They're going to be coming out of the woodworks with finding more information about everything.
Speaker 4: So, yeah, absolutely. The curtain, Well, the curtain, yeah, the curtain is now down and people are waking up to the fact that, you know, everything's a shit show. Now. Here's the thing. Do they get society back on the rails or do the society start to go off the rails now? You know, is there going to be some sort of revolution? I mean, financial revolution, certainly. I think the dollar collapsing ties in with the a failure of society. And that's kind of what these Epstein things and all this stuff is going around. You know, my head is spinning because I also know that in in at the end of this phase of the cycle, right as Ray Dalio, as Ray Dalio talks about the stages of monetary of a monetary system. Ray Dalio, who's the the founder of the world's most successful and largest hedge fund, says that we're on stage 5, on the brink of stage six of the monetary policy. And stage 6 is the, the, the dollar Fiat currency is collapsing and a bunch of other potential factors that we can talk about. But you see everything that's going on and I look, I've been, I've been watching news cycles. I've been trading stocks since I was, you know, in high school. I have, I was on Robin Hood trading stocks, doing Chinese stocks. I was huge into Chinese stocks, just like a crackhead dude. Just couldn't help myself. I've always been a crackhead. But I mean, legitimately Adderall coffee and stocks that that shit was hitting. And then I needed more. So I got into crypto and then I needed more, so I got into fucking NFTS and meme coins. And here I am. I'm just a recovering crackhead that is addicted to financial gains and losing money. I'm also addicted to losing money. It's one of my favorite things to do is give it all back to the casino. But as I think a lot of people are. But all of this is a part of a greater picture, and there's something much bigger brewing beneath the surface. All the experts are pointing to the same thing. The AI overlords, you know society, you know, the monetary systems falling us re pegging to de pegging and then re pegging to gold. Guys, imagine getting unpegged and then re pegged.
Speaker 6: And then imagine that.
Speaker 4: Happened to you like 10 times in a yeah. Imagine getting unpegged and then repegged. That's what they want to do to the dollar. We're about to unpack from gold and repeg to the dollar. Like that's gonna hurt. It's gonna be painful for a lot of people. A lot of people have never been, they've never been through something like that. So, you know, if it's your first, if it's actually no one on Earth, at least no one in this Twitter space has seen anything like that hasn't happened. And and especially in this Twitter space. So I'm wondering.
Speaker 6: Like if that happens you have to DM shield so they can guide you through it.
Speaker 4: OK, Yeah, absolutely. Guys, just keep in mind there's a lot of new people in these spaces. So I'm just trying to break this down on a simple level. Normally we go much deeper, but we're going to keep it. We're going to keep it nice and and easy for tonight. We're going to keep it nice and easy so we have 9 more minutes until futures open. I've got all of my resources pulled up, guys. I'm using trading view for charts. Trading view, I'm looking at AG 1! That is silver futures. That's the code for silver futures. You can track it on your own. I've got the five minute candle pulled up, so we're going to be watching it super closely as we jump into as we jump into the beginning of the week.
Speaker 3: What I'm interested in is, is because they were still selling silver for like 130 something dollars in China. That's why I'm interested for this opening right here, by the way.
Speaker 4: Well, I'm going to tell you exactly what it's trading in China for right now. Aaron, let me go pull that up as well. Appreciate it. Yeah, and I'm going to tell you India as well because they're they're in the game now. You know, India is actually the the largest holders, like the retail holders of gold. Like let me see, India retail holders of gold. I think the Indians have been collecting gold for a long time. Yeah, look at this. You ready? I just found this out. India households are the world's largest private holders of gold, possessing an estimated 35,000 tons, which is over 10% of of gold valued at 5 trillion. This massive, largely unmonetized stockpile is nearly four times the official reserves of the United States and accounts for. Look at this 16% of all gold above ground is on. They're just wearing it like in jewelry. It's an it's an absolute insanity of gold goes crazy because pretty soon you're going to be working for Indians. You're going to be on fiver getting hired by an Indian. How does that feel? You're going to be on Upwork getting hired by an Indian because you didn't buy any gold. Imagine that, guys. OK, that's not funny. OK, So yeah, this this is this stash is in say it's huge. This stash is huge. So, yeah, look at this. Most of it is in the form of jewelry, often passed down through generations. Yeah. I mean, the the Indians love gold, dude. They love gold. And they love cooking with their hands. They love that, too. So, you know, and maybe their feet.
Speaker 6: Supposed to cook with your feet.
Speaker 4: Yeah, So, yeah, So this is so it's it's considered a vital financial, social, cultural asset in the world. I don't know. I just thought that was super interesting. Here we go. Here's some spot prices. So right now right now I'm tracking gold. I'm tracking excuse me, silver I'm tracking it for 113 dollars, $113.00 in India. OK, so tracking 113 in India I'm also tracking it at $121.93 in Shanghai on the closing spot. But I do have Shanghai futures, guys, if you're, if you don't have Shanghai futures, if you're, if you're, if you're following somebody for precious metals information and they don't have the Shanghai futures, don't add this account, OK? There's levels to this shit. OK, But I have Shanghai futures. Shanghai futures at 113 and 86 cents. Now that let's compare that quickly. Western spot close at $86.66 and we're getting futures information in 6 minutes. This is like a kid in a candy shop, guys. I feel like I'm about to watch the new Star Wars or I'm waiting for the new the new Star Trek to come out.
Speaker 3: I remember the brain.
Speaker 4: Going good to keep the brain going. I remember when the new Call of Duty came out, I was my teacher in middle school. My teacher in middle school came on the announcements and he said the new Call of Duty is coming out tomorrow. I just want to let you know that is not a valid excuse to miss school. And I did miss school for that day. OK, so premium. So let's just look at this. So for Shanghai, we're seeing a pre a price premium of $37.27. That's a 44% over western spot. I mean, that's a pretty big deal. Now, again, these are closing prices on Friday. A lot has happened since Friday, guys. A lot has happened since Friday. This has not been a relaxing weekend. Now, if you've had some red wine, it's take, I'm going to tell you something right now. Red wine, highly, highly recommend. OK, Now, I don't recommend drugs and alcohol. It's not for everybody, but about an entire bottle of red wine, it kind of it. It just kind of does the job, you know what I mean? OK, but really, lock in. What's up, Aaron?
Speaker 3: What about David Bateman trying to buy $200 million worth of constitutional silver the other day and to drop David Bateman? Yeah, he was trying to buy $200 million worth of 90% silver. And Miles Franklin, one of the biggest around, said, hey, he can give him fairly easy 10 million worth, but that's far from 200 million.
Speaker 4: But they're not good. They're not going to let him buy it, right?
Speaker 3: If you can.
Speaker 4: Find it? Yeah, You can't find it. This is it. You can't find it. It's all one big psyop, fam. Yep.
Speaker 3: Exactly. You're not. You're not. That's why I buy stockpile and gold tether and all that. That you, you can't stockpile silver. There's not enough.
Speaker 4: You ask me a question or ask me or, or ask yourself this. Tether, the world's largest issuer of stablecoin. I actually think Tether is one of the richest companies, isn't it? Aren't they the most profitable company in the world? Tether company? Yeah. Look at this guys. Revenue is is generates how much how much profit per employee do you think they they generate? Let me give you hold on before you say an answer because you guys sometimes with these answers, hold on, swear. OK. So, so yeah, OK, just if you just had to guess the profit per employee, a Tether 15,000,000, 15,000,000.
Speaker 5: Each. I don't think they got that yo y'all. I don't think they got that many employees.
Speaker 4: Y'all are smoking crack guys. How?
Speaker 6: Many employees do they have.
Speaker 4: OK, look, it's just this is just a guess, OK? This is not AI, Was just expecting a number all right.
Speaker 3: Well then the typing answer you're talking about bark.
Speaker 4: So look, I'm just going to say they make, they make $93 million, they make $93 million per employee. There's 150 employment, right, 100.
Speaker 1: And 50 no. My guess?
Speaker 5: Wasn't enough, but then no.
Speaker 4: Idea if I was just messing with you pal.
Speaker 3: All right, I took that back. It wasn't that bad.
Speaker 4: I was just, I was just messing with you bloke or just messing with you bloke. So look, guys, let me ask you a question. Tether, the world's most profitable crypto company per employee. It's it's it beats Apple and BlackRock. And the reason guys, it has stable coin reserves. It's earning interest on a stable coin reserves rather than relying on transaction fees. But let me ask you a question. Why didn't Tether go buy Bitcoin? They're a crypto stable coin. Why did they go buy gold? I thought Bitcoin was digital gold. Why didn't they go by monad?
Speaker 3: Peter Schiff tokenized gold.
Speaker 4: Why didn't they buy Monad? Why didn't they buy? Why did they buy gold? Oh, look at Tall. He can't help himself. Tall's just fucking spam in the way of emoji, frothing at the mouth. You know Tall has read the entire I'll tell you what, I'll tell you why they didn't buy Monad. I'll tell you. Dude I need uppers at the.
Speaker 5: Moment.
Speaker 4: I need uppers. Look, if you're not taking simulants or amphetamines, do not hit requests like that's.
Speaker 3: Guys, this.
Speaker 6: Isn't a game right now.
Speaker 4: That's where I'm at out.
Speaker 3: Of tension.
Speaker 4: Look, we need to, you need to be on 1.5 speed, guys, we have two minutes or speed, we have two minutes, 2 minutes until silver futures open. This is the scary. This is the most, This is the biggest day of my life.
Speaker 5: I'm freaking out man.
Speaker 4: I'm freaking out man.
Speaker 2: Freaking out, man.
Speaker 4: I'm freaking out, man. Look, a lot of new people in these spaces, guys. I get it. This is this is welcome to the face of finance. You're here for the financial news. We've got it for you. We're also going to tell you how Epstein might have founded Bitcoin. OK, It probably did. Guys. It's a 5050. And judging by the fact that everything else has already came true, it doesn't see, you know, the fact that that's already a rotating conspiracy theory. Everything's a conspiracy theory until it's not, right? But either way, I digress. One more minute until futures open, man. So guys, grab, grab a seat, make sure you're nice and comfy. Make sure you're following the host and the Co host and the stage. We got a great stage up here. What's up, man?
Speaker 3: I put a thing about the Bible about trusting man inside the comments if somebody wants to read it.
Speaker 4: Somebody says most people have no idea what's coming except you pointing to me. Very interesting. Sounds like. So it sounds like you, this guy knows all about things coming. Things like he knows all. It sounds like he knows all about things Coming. OK, let's go, guys. Grab your horses. The the trains are booting up. The machines are booting up. Now. They're taking a minute to get go. There we go. It's starting to go. Come on. Come on, buddy. Come on, buddy. We are waiting for, we are still waiting for a price update. So yeah, I guess it's just they're taking a second to get going. It is kind of weird though. Why isn't it starting?
Speaker 5: Oh they they just wait there. 100 dollars 4772 on gold. Gold's at 4772.
Speaker 4: Up or down?
Speaker 5: Up, down, down $100.
Speaker 4: They're saying it's down. Down 100. Wow.
Speaker 5: Straight, straight off, open.
Speaker 4: Straight out the straight out the scam, they're just, they're just getting, they're starting to scam now. Where are you seeing that?
Speaker 5: Trade in view.
Speaker 4: Are you looking at AU1 apostrophe?
Speaker 5: No, I've got CFDS on gold.
Speaker 4: CFDS Oh, you're just looking. You're just looking at.
Speaker 5: Gold Gold per oz.
Speaker 4: You're not looking at gold futures.
Speaker 5: No gold, just XAUUSD normally.
Speaker 4: Yeah, you need to look at futures because that's, that shouldn't be, that shouldn't be trading yet.
Speaker 2: Yeah, CFD market's a bit different than than the futures market, right?
Speaker 4: Yeah, I'm seeing 4900 but.
Speaker 2: Yeah, contract for just difference can be, I don't know how different.
Speaker 4: Yeah, I'm, I'm, I'm waiting to get a I'm waiting to get the candle here. I don't know, I'm seeing 4900, but maybe I'm I don't want to misquote it. I don't want to miss say it on.
Speaker 3: Jam bullying. It's almost 48.
Speaker 4: 48 yeah, this is the thing guys. Everybody has a different price. I mean, how do you calculate that? How do you actually calculate? You know, just an interesting thought for you. OK, though the more of an asset that's out there and the less connected the market is, right, the the slower the market or something like precious metals where there's a lot of unknowns, right? It's a lot of estimations and guesswork versus crypto you can find. The cool thing about crypto is crypto is a distributed decentralized Ledger. So you can audit the Ledger. The Ledger is audited all the time, meaning that if there's balance changes, that's reflected instantly. So in the case of gold, we don't know it's in Fort Knox, but in the case of Bitcoin, we know it's in the government's hands, right? It's labeled like the wallet's labeled. You can track it. So you know, so gold and silver and precious metals, man, I'm not going to lie, the price action for these assets is super shady. It's really, really shady. And it's extremely suspicious because the gains that are possible from gold and silver are extreme. You're talking guys, this is not a small market. Manipulation of a of a small market is only as good as how much liquidity is available in that market. So if you manipulate a, a meme coin, for example, AT100K market cap, there's not much for you to gain. There's not much really really there in liquidity, maybe a couple $1000. But if you manipulate the price of gold and silver, the the ability to create massive opportunities for a very small percentage is, is incredible, like a 1% claim, 1%, like just to even own 1% of the market cap of gold is, is massive. You're talking hundreds of billions of dollars. So if somebody can figure out or some bank or some cabal or something can figure out how to, how to take advantage of, of price action of some of these assets, there's a lot of money at play guys. So, you know, and, and this is the really, really weird thing about this. Well, it's not weird. It's just when you think about it. But here's the thing to think about. This is the biggest, you know, on Friday, in my opinion, we witnessed the biggest financial crime in history. Really, it was the biggest, it was the largest destruction of market cap. In history and we watched it happen live in spaces in just a few minutes. This was not and guys, here's the other thing as well, and I'm talking about gold and silver getting wiped. I'm talking about silver going from I want to say that it was at 1:21 and it went down to 70 something. OK, so 75. I mean, guys, you're talking 35 plus percent drawdown. This it looked like it looked worse than Ethereum. It looked worse than soul. It looked like fart coin. It looked like a meme coin. A 35% drawdown is in in insanity. So somebody, some group or some group of, of people, they, they worked together, some group made a lot of money and nobody wants to talk about it. It was, it was in my opinion, the largest financial heist in history. And people can say, oh, it was this and it was that. No, I don't, I don't buy that shit for one second. Silver went down 35%. I don't buy that this was an accident or this was some sort of the money didn't go anywhere. The money always goes somewhere. It can't, it can't be destroyed. You can't destroy the money. You can't delete the money. They're never going to delete the money just has to go somewhere. It changes form, it changes, it changes where it goes, it changes form, it changes hands. And the fact that that that financial move is so obscured is extremely concerning. What's up, Aaron? Guys, I'm seeing spot right now at 8257.
Speaker 3: How many physical oz were moved for that price action?
Speaker 4: How many physical ounces are moved dude? No, dude, I, I remember seeing that the largest, they were trying to say that the largest move of physical metals in, in history occurred that day and it was 1% of the supply. Bro, that's what I'm saying. Guys, think about this for a second, OK? 16% of all gold is on Indian people in India, on their body, in jewelry. OK, 16% of gold. Now the the largest move for silver, the physical supply of silver being moved is 1%. And they're saying the price crashed 40%. Come on, guys. I, I look, I wasn't, you know, I didn't fall off a turnip truck. You like that quote? I didn't fall off a turnip truck. I didn't. I almost did, but I didn't. I might after reading, after finding out that Bitcoin was created and funded by an MIT laboratory that Jeffrey Epstein directly funded and then he tried to. Guys, this gets this gets really deep as well. I mean, I'm not going to go too deep into it yet. I mean, it's only 6:00. Holy shit. It's 6:00. Yeah. Solana's also going under. Wow. Solana, Coin Market Cap. Let's go to Coin Market Cap, a site that I haven't visited, and oh, look at this Coin Market cap. The last point I was looking at. Just a chill guy. Just a chill guy. Just a chill guy. At 11,000,000 market cap, just a chill guy. It looks like inverse Kramer was right. What?
Speaker 6: I mean, we're dumping, yeah.
Speaker 4: Duncan, he said, he said Michael Saylor would swoop in and pump it up past 80,000 to 80. Yeah, yeah, yeah, yeah. So why don't we just why don't we just go for a crypto price uptake? Guys, here's let me tell you something, OK? We're sailing into some choppy waters, All right, globally, everything, we're sailing into choppy waters. All bets are now off This everybody was wrong. The only guy that got this right was that guy on 4 Chan that said October. What was it? October 12th or 10th was the top or 8th or 5th. He some guy on 4 Chan called the top and he said people want to believe that it'll be different, but you know it won't be. And then he calls the next bottom as well. Can somebody find that tweet? Where's tall at man? Where's tall? Let's get tall up here. I need AI, need AI, need someone that's going to put the shovel the coal in the oven. OK, I need AI. Need a worker up here. Too many. Everybody up here is chilling, drinking their red wine already. What'd we say until 6:30, you guys? So look, let's give a price update. Bitcoin's at 76,000. Bout to drop to 75 guys. Michael Saylor has lost money. Michael Saylor is in the well. He hasn't lost money, but Michael Saylor is now in the red 75912. Guys, hold your hold on to your fucking diapers, guys. Ethereum 22 2234 dollars guys Ethereum holy shit Bitcoin 75,848 there is there is some carnage in the streets XRP $1.57 BNB 750 that is just getting slaughtered. But but let's continue going. Solana $99, looks like it's about to dip under 99 go to 98. Dogecoin still holding at 10 cents, 1010.2 actually holding better than better than a lot of these bitcoins down now to 75,800 and it's down 12% on the week, 2% on the day. Man, it's just getting wrecked. Let's go take it. Let's go just a couple more. I mean, Manera also getting getting hit. I mean, nothing's really in the green. The only thing in the green right now is hyperliquid up 33% on the week. Shout out to hyperliquid. Although it did get, it's at $29.00, so it's still down significantly. Maybe a buying opportunity if you believe in that tech. I think Hyper Liquid might have been might have been the the outlier. I think it's kind of a pump situation where it's a successful crypto company. But I think pump is kind of just nonsense. I think pump is just a lot of a lot of crap. I think Hyper Liquid is some real tool tooling. But where's Astor? Astor nowhere to be found. I was told that Astor, I was shilled that Astor was the future. Let me go look at the price 1.36 billion market cap.
Speaker 5: Yeah, but what's?
Speaker 4: Oh, Astor's 52 cents, 53 cents. Yeah, Astor's $0.52. So if you didn't buy Astor within the first week, if you bought it anytime after 99% of people started shilling it, it's there's been zero ways, zero opportunities to make money. The biggest gain was from a dollar to $1.19. But they were told, you know, it was going to the future anyways. I just think it's interesting, you know, when people choose to align themselves with the crypto product or any product, they better be willing to put their reputation on it. So people that call stinkers are gonna get memorized for that. You know, we call winners around here and silver was called at $20. We ran it up to 120. You're still up 400%. And if you take a look at the top assets, I would, I actually replied to Mike Alfred. He said that silver was a a stinker compared to crypto, but I assume I said look at the six month, you know, Bitcoin's down 30%, ETH is down 40, Soul's down 50 and silver's up 122%. Still, you know, it's up on it's up 155% on the year, you know, so outperforming all cryptocurrency by a long shot. So you're still deep, deep in the money on that one, deep into the wind and silver's holding at 82 at the moment. But again, it looks like there's just a, there's a lot of uncertainty in the market at the moment, guys.
Speaker 3: Hey Bark. Also there's billions of dollars that get for advertising for Bitcoin. Silver gets no exposure. Honestly, it's just all facts, you know what I mean? That's all. Silver is just.
Speaker 4: Yeah, there's no marketing machine behind it. It's silver and gold are not, you know, they're not debuting some new some new chip. You know, think about it like this. NVIDIA has to come up with new shit. They can't relax ChatGPT has one more year of cash, OK, A lot of these American companies are running racing against time. Gold and silver are not racing against anything. Gold and silver are outperforming everything. Literally, you know, and, and people can take a look at the stock market and compare it to the, you know, they can compare it to certain things. Guys, if you take a look at the stock market and 99% of American stocks, there is no growth. It's either zero growth or it's negative and relative to gold. And people would say that, well, it's not supposed to be relative to gold. It's supposed to be relative to the dollar. You have been psyopped. If you are still measuring the world against the dollar, you have been psyopped. You have been completely psyopped into the greatest scam of all time, which is known as the US dollar. OK, the US dollar's the, the, the greatest scam in human history. And now we're just starting to see the the end long tail effects of that scam guys, crypto's still crypto's still just getting fuck it slaughtered man Solana $99. Now let me just put let me just put something into perspective as well for all, for all the crypto heads out here. What's going on right now in the crypto markets is going to present an incredible opportunity, whether it's Bitcoin, ET Solana or XRP or your or a completely new ecosystem. You know, crypto technology is significantly better than any other payment rail that exists on Earth. It's the best one because decentralization means that you don't need a third party. So you know, I'm I'm giga bullish on crypto and if you believe in hard assets and and technology, if you believe in those two things, then you should be looking here at crypto as a buy in opportunity. You know, you should just be getting ready for it. You know, I, I would at least if I were you on crypto on the majors, starting with Bitcoin, I would be DC ING into Bitcoin and I would be DC ING into ETH. And guys, this does not need to be $1000 a day or $500 a day. This could be $5 a day, OK, but I think it's at least turning on a 5 to $10 daily purchase. Now this is all relative to how much money you have comfortably, but I would be putting in a couple dollars a day into cryptocurrency. I would be doing it automatically through recur recurring purchases on Robin Hood or Coinbase or whatever app that you're using now guys, look again the the this is not a, a, a thing that you should be hyper monitoring. This is a set it and forget it kind of thing. I also think that you should be doing a set it and forget it for precious metals. I would be constantly going and grabbing some silver and gold. OK, I would be doing this everyday or every week or every month. Now the gold and silver, probably not every day, but you can also DCA once a week or once a month. So swing by the pawn shop or the bullion store on your way home from work on Friday. When or whenever you get paid from your job, if you have a job but swing home before you go buy some share, before you buy some Fortnite skins or before you go buy some beer. Before you go on DraftKings and fuck around, go pick up an ounce of silver and go pick up a gram of gold. You know your future self well, Thank you. No one has no one in history has ever regretted doing it. For since the dawn of humanity, gold has been passed down from generation to generation and it's at all time high right now. It's the best asset of all time. It's like the OG Bitcoin fam. So those are highly recommended things that you should be doing because a lot of people ask for investment advice. Now you know, this is not financial advice. Nothing we're saying up here is financial advice, but this is really, you know, this is really a historic moment. You know, we talked about this guys, look at what happened on Friday, OK? On Friday we saw the largest liquidation in market history. We saw, you know, including long contracts and including the up and down motion because it, because it went down and went back up. You know, estimates of $15 trillion were wiped out of gold, silk, you know, precious metals, precious metals futures, precious metal mining and precious metal mining futures stocks. The mining stocks got killed as well. So you know, which I still think are they're, they're incredibly undervalued, but they were going crazy. They were, they were having like 90% days for a moment, you know, crazy money guys, go check out, go check out precious metal mining stocks. Some of these things are going to be on discount, but you know, a couple of them hadn't had some 30 like a 30% day and then a 90% day. You know, it was basically doubling for three days in a row until the crash. You know, it was pretty intense there at the end. It was like a meme coin, fam, meme coin on a regular stock market. Again, a little bit more risky for those that have a have that appetite. OK, it looks like crypto's catching a bit of a bit here. You know, we do need to see some fucking support come in here. These are all really important levels, guys, mental levels. Ethereum is approaching $2000, you know, XRP at $1.50 and and Solana already hit the 100 Solana. If Solana doesn't hold 100, Solana's going to likely go to, in just my opinion. My gut is telling me that salon is going to drop to like $40. That's what my gut is saying, 40 bucks, you know, so just a heads up, just a heads up there could be totally wrong, but you know, Jeffrey Epstein says trust your gut. He says the best traders don't have any. They don't know what they're doing. They just trust their gut.
Speaker 3: He said trust his butt.
Speaker 4: Yeah, he said trust. Yeah, he said trust the, but I think he, yeah, he said that about 457 emails trust the but OK. So yeah, I mean, look, crypto holders, should you be scared right now? Well, I mean, look, I don't know what you expected if you're a crypto holder, I don't know what you're expecting or what you expected. If you're holding crypto, you're holding a volatile asset, you know, you signed up for this. You know, guys, BlackRock recommends 1% of your portfolio to 3% of your portfolio being in Bitcoin. They're, they're not saying that you should have your whole net worth in crypto, which a lot of people in this, in this industry do a lot of crypto people have their whole net worth in crypto. And, you know, and then there's surprised when the market goes down that you know, that that they lost so much money. You know, This is why diversification is important. And you're going to learn about diversification the easy way or the hard way. It's up to you how you would like to learn about it. But you do need diversification. You know, Ray Dalio talks about balance, right? And you want assets that counter counteract each other. You want assets that perform in very high economic certainty and very low economic certainty. That way you're always priced in. You know, you're always averaging in. Now he's a little bit more conservative with how he does it. He's on a longer time frame. I think the time frame is shortening, you know, these days, right now. I mean, this is just the honest truth. If you, if you are not investing your money at an expert level, you're gonna you're about to go broke straight up. The only people who are about to win moving forward and in society are the people that are, that are using their money at an expert level. They're investing their money at an expert level because the difficulty has been turned up. You know, if you play a game like Minecraft, how many of you ever played Minecraft? You guys play Minecraft. You know, there's a a mode in Minecraft where there's no monsters that hurt you. It's called peaceful mode. Oh, yeah. OK. And, and the, and the economy basically ran on peaceful mode for a while. OK. And then all of a sudden some monsters started spawning in a little bit of inflation, a little bit of, you know, a little bit of stuff going on. And then they took us off the gold standard and then they said that the the dollar doesn't need to be backed by anything. We don't, we do not need to hold gold reserves for cash. OK. So you cannot exchange cash for gold anymore. You can exchange cash for what? Nothing cash, more cash and more cash and more cash and more cash and more cash. Do you see the problem? You know, the US dollar is on a one way ticket to zero. And people don't want to hear it. People don't want to think it's possible, but it's it's common. You know you can already feel it. This is why when you go to the grocery store, it is $400.00 for 2 bags of food. This is why when you go to a burger joint, a burger, fries and a drink is like $37. You're saying what the hell is going on here? You're at Disney World, a pizza is $200 at Disney World, a pizza 200 bucks. The average cost to take your family to Disney. We did the math on it. It was like $40,000 to take a family of five to Disney. Yeah. And to stay on this, to stay on the resort. Basically, we, we asked Chachi PT to put together the cost for a Disney vacation. And and, you know, not that you would want to go there anyways, but, you know, put the average cost together and, you know, get the fast pass and they actually have a great vacation. And it was like 40 grand. What's up, Aaron?
Speaker 3: There's Epstein file on Disneyland by the way. But yeah, you remember when they did the gold confiscation?
Speaker 4: And Disney Cruise Lines. Yeah. Disney Cruise Lines, Guys, why do you think Disney Cruise Lines are mentioned in the FC files? Because they were cruise made for children. They were bringing them to the island. They were bringing them to the islands and then taking the transport. Yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah. Guys, we lived in a we live in a fucking yo, really, man? We live in. I'm not even going to go there. What's up, Aaron?
Speaker 3: I would say the smart people, when they had that gold confiscation, the smart ones like us, they buried that shit, yeah.
Speaker 4: Oh yeah, yeah, yeah. You guys know that they confiscated your gold and if you didn't turn it in, you would be fined $10,000 and 10 years in prison. And $10,000 at the time is the equivalent to like $1,000,000.
Speaker 3: That's how important.
Speaker 4: The government, the government seized. The government seized our gold. That's how valuable this shit is. It's something guys. They seized it. They didn't want people to have it. They wanted people to use the dollar, Bro. They could do it again. Yeah. I mean, yeah, good luck. Yeah, good.
Speaker 3: Luck. You ever seen the the grasshopper off ants?
Speaker 4: Yo, they try again, yo, this is what I'm saying. This is also another reason of economic unrest. OK, guys, just a little price update on silver. We're we're at $78 on silver. So silver is definitely feeling it at the moment. Gold at 4717, all assets. The whole market is dumping. Everything is dumping. The dollar is dumping. Let's check the US dollar index. We tried to warn them. Bark. Yeah. So what? So. So see, But I see that you put out a post earlier, you said that this is going to be like, nobody's ready for what's about to fucking hit them. And they're watching. Yeah, they're watching it play out I mean you're watching it play out now look I mean it's you know, this is not something you know, we're not happy to post this stuff. You know we're not we have we have just got on call with my insider. He said watch happens at future open. He said the world will never be the same after next week. We all know it's about to go down and, and you know, I'm telling you guys, it's the it's the beginning of, of, of it now. Now during an economic collapse, OK, should assets perform well, there's going to be days where literally everything is going down. Where's the money going? Good luck finding it. But during a time of economic uncertainty, it looks like everything is going down. You might be asking what should you put your money in? Let's check the US dollar index. Let's see what's popping over there. OK. The dollar index is at 97. We found some support, a little bit of a yeah, but bro, I mean, come on, mince, you know? No, I know, I know. It did bounce up. The dollar index did bounce off 95. It's now at 97. The dollar index is is is balancing, which means that the dollar is becoming stronger. Now, keep in mind the dollar is down 98% in the past 100 years. So you're watching a meme coin pump. You know, it's imagine a meme coin was at a billion market cap and now it's at 10 million market cap or 20 million market cap. Excuse me? It was at a billion market cap, now it's at 20 million and it just pumped to 22. And it's like now people are excited, oh, it's a 22 million market cap. Actually, no, it's not even up. It's up. It's up .14%. So it pumped from 20 million market cap to 20,210,000. So you know, it's nothing. Where is the money going? Where is the money going? Where is the money?
Speaker 3: Going, guys.
Speaker 4: I also want to, I also want to keep in mind as well that what do we see on Friday? We saw a bank failure, We saw the first bank failure of 2026. Many people said it was impossible. We did call it, we did post it. There's all the receipts are there. And we called it right here live on Spaces 33 minutes before it was announced by the FDIC, 37 minutes before it was announced. Now how that happened now, now you know, you can, you can choose to you know, you can choose to ignore that fact or you can choose to pay attention to it, but it's, you know, it is significant. Now, this bank was not the largest bank. This was not the size of AJP Morgan or you know, something along those lines. It was a a smaller bank in Chicago, but it's a bank going under. This is not, you know, this hasn't happened in in over seven months, you know, since there's been a bank failure and a bank failure can be, it can be a localized incident. But also this is exactly what happened in 2008 in the previous financial crisis for the housing bubble, you know, which was a manufactured, it was a manufactured crisis. By the way, it this is also in the FCN files that the 2008 housing market crash wasn't it was a was a coordinated effort and it was coordinated effort. Banks got bailed out. What nobody went to jail. Does that remind you of something a massive criminal network and not one person goes to jail?
Speaker 6: Sounds familiar? It's literally happening right in front of our eyes.
Speaker 4: Yeah, yeah, yeah, no, it is happening in front of your eyes, guys. The Epstein files released 3.5 million images released to the public which just literally show the literally describe first hand testimonies and show pictures, videos and photos of people committing insane crimes and 4K. You know, so these files are now out and they're sitting there and there has not been, you know, Galaine Maxwell and and Jeffrey Epstein are the only two that have ever been. They're the original origins, but nobody in the files that are that have been seen doing the crimes. Nobody has been charged with anything and they're not under investigation either. Confirmed. No, and I posted it. I posted. Yeah, they're not they're not even they. So you know, this is guys, this stuff is being shown right to your face and and but then they're also simultaneously saying that nobody will be prosecuted. So it's just letting you know that there's nothing that at this point, the idea that the justice system and the financial system is here to serve you as a human being on earth or in the United States is, is completely gone. Those, the days of believing that the government and the feds serve you or have your best interest in mind are gone. No prosecutions for the 2008 housing market crash, no prosecutions for the for the Epstein list. None, none. And if anybody gets in trouble, it's some some fucking attorney or some little guy that maybe just had an attitude or didn't do something that they wanted him to do. Or he's going to jail and he's going to get a ditty situation going on. You know, he's going to have an Xbox and he's going to, you know, get paid 1,000,000 bucks when he gets out, you know, 5,000,000 bucks, he's going to get paid out, you know, so whatever, you know, so the dollar can pump here. The dollar index is, is up to, is up to 9096.98, you know, so down from, you know, 95 in a new Fed chair in as well a recommendation for the new Fed chair. But just something to something to think about guys, because you know, the, the, the, the, the, the government and the Fed man, it's just, it's over with, you know, there's no, there's no more confusing. They're delaying an inevitable and the longer that they delay it, the more coiled it becomes. OK, it is inevitable, but to so to solve the debt crisis, they print more money. OK, they're not paying off the debt. The debt's too. The debt is too insane, you know. So they're not paying off the debt. So they're just printing more money. They're printing an insane amount of money and you know the the consequences of that money printing are being seen every day. You, you, you can't, they're not being told to you. You're being told that inflation is under control. And I just saw today, they say trueflation. You guys see this trueflation thing coming out? Trueflation. Trueflation comes out and says that there is no inflation, guys, it's going down. There's no inflation. But when I go to get a cheeseburger, fries and a milkshake, it's $49.
Speaker 5: OK.
Speaker 4: And and they want and they flip an iPad and they flip an iPad around. OK, after my milkshake and fries and and cheeseburgers, 48 dollars, they flip an iPad around. And then some college kid looks at me in the eyes with the with the most sympathetic puppy dog face saying, hey, if you don't tip, like I'm not going to be able to eat tonight, you know? So of course then you tip an extra 20% and you just say, you know, I just, I, when I was in high school, I was paying $4.00, the four for four for Wendy's. You get a burger, a, a drink, a fries and a Mcnug and a chicken nugget from Wendy's for $4.00. Now I'm paying, you know, so things have gotten out of control. I don't believe any inflation numbers. I don't, you know, I'm going to use my own eyes and ears and I'm going to look around and I'm going to go look at things. So, you know, I think they're just delaying an inevitable. It seems as if there's a lot of covering up with the inflation because people are being gaslit about it. You know for a fact things are getting not things are getting more expensive, but the dollar is going down and it's the invisible tax. What's up, Aaron?
Speaker 3: Like you were saying, I was listening to one of your one spaces a couple of nights ago saying how you can, if you get a silver bar, you can't just go turn it in real quick on like a gambling bet. I was thinking, man, like we're near the end of the financial system and if you walk away with anything after this, I think you're going to be pretty good condition, honestly.
Speaker 4: Well, you know, the crypto people, the crypto people were really quick to to laugh at the silver plunge and really quick to laugh at the silver prices falling. And I get it. You know, they, they, you know, things haven't been great in crypto world. So they're feeling it. But you look at it today, you know, as crypto falls even lower and you know, as thing as things continue to drop, Bitcoin at 76,000, Ethereum at 2250, XRP at $1.59. Solana had $100 hanging on for dear life. And let's just get an update on on gold. Gold is at 4730, you know, higher than ETH. It flipped these hard. Nobody wants to talk about that and $80.45 on silver, you know, so, so you know, the crypto people were quick to judge, but even still now you silver up 150% on the one year it is outperforming, you know, and this is what a lot of crypto people don't want to admit. And today now with, with some of these mentions of Bitcoin and early development being in these Epstein files, guys, I'm, again, I'm trying to read all of this stuff in detail. So to make sure that I'm, I'm, I'm informed, but there's a lot of connections to these files and what's going on with Bitcoin. And the idea that Satoshi Nakamoto, an Asian guy in a cave is, has been working on this and he just decided to step away and hand it to the world. Those, those, the idea that Satoshi Nakamoto is that Asian guy, those, those seem to be fading quite a bit. And I think people are really interested in doing some more investigation into it. Of course, you know, we, we don't have definitive answers, at least I don't on who Satoshi is, But you know, questions are out there. I don't know, maybe it's Mike. I've never seen Mike and Satoshi Nakamoto in the same room.
Speaker 1: I'm I'm going to deny all responsibility for the creation of the Bitcoin protocol. No further comments on that matter, but I would like to commend you on holding pretty good, pretty damn good spaces, man. I like your style, I like your energy. And what I'd say is just as a reminder, I'm, I'm a long duration concentrated value investor, right? So I take very idiosyncr at a position some of the time that people don't agree with, they don't like, they don't understand. And I look, I was short silver last week as a hedge, right. So like it took me about a week to build the short on silver up to 20 million and I was waiting for the break. We got the break. I covered. I'd actually be more interested in the long position in silver at these levels. And I do know that like silver open positive in, in the futures market, gold closer to flat, oil and natural gas look like they're going to open down. Copper's down, copper should be down. Copper's like a a true industrial metal that is often associated with economic developments. And given the price action in the NASDAQ, S&P, the dollar, etcetera at the end of last week, you know you this is just yet another growth scare. We've had three or four of them over the last 2-3 years. And what is otherwise been like a pretty good market for people who are just long AI, Bitcoin, S&P 500, gold, silver, etcetera. So I think he's probably still just want to be want to be long. I was out for a long run today and that's where I get some of my best inspiration for thinking about where we are in markets. And it's just, it's just sort of feels very obvious to me. And again, doesn't mean this is right, but but the most likely path is that maybe we have like another few days up to a couple weeks of weakness and jitters related to geopolitics. Trump, the government shutdown, right? Like Iran digesting the new Fed chair and whether or not he's really anti QE or anti large balance sheet Fed mentality, right? Like we're we're processing all that. And then we also have all this Epstein stuff. And you know, I heard you talking about Epstein. It's it's clear that like there's a lot of people being protected, but unfortunately that starts with the president. And so I think it's just a really messy, hairy situation. I mean, even Elon Musk before he had a make up with the president was like, you won't believe what's in the file right about Trump. Like if you find this out and like it, it's not good. It's not good for a lot of these people. But again, from a market perspective, unfortunately, as important as it is for humanity, maybe it's not going to drive markets in the long run. So I think when you look, I think at some point over the next call it week or two, like the sort of risk squeeze that we're going through right now that's affecting silver, gold, the S&P 500, the NASDAQ, small cap stocks, right, the dollar is strengthening briefly. Like I think it'll turn over and what we'll see is probably a pretty significant run into the end of the spring like May, June time frame is when I think and that should start in February and it should run pot for a few months at least. And I think what it will be predicting is the new factor is going to lower rates. He may not want to increase the balance sheet necessarily, but I think some combination of lower short term rates and then coordination with Treasury to control the bond issuances such that it, it, it keeps the, the long end from going up and sort of releases the tightness. Because I do think inflation, look, I, I hear your points on inflation from absolute terms. Yes, a burger at Jack-in-the-box or Wendy's is more expensive than it was when we were in high school. But that's not really the story. It's about rate of change, right, Because you can't control what already happened. Like, yeah, like people inflated the Fed balance sheet and printed a bunch of money and gave out PPP loans and tried to sort of keep people from starving during the period of time where they made everybody get poked with a vaccine and and shut down their company for like months if they were in hospitality. And so they printed trillions of dollars and, and they jacked up probably in a permanent re ratchet prices to a level you can't, you can't get them to go down because that's the inflation. So you're just stuck with trying to control the future rate of change and effectively that because the Fed's been too tight, right, relative to, to what's happening with AI, what's happening with productivity? What, what's happening broadly in the economy, right? Like the, the inflation in terms of its rate of change going forward has come down significantly. Inflation expectations have come down significantly. And that does not mean absolute price levels are comfortable for anyone. But there's nothing we can do to go back in time and say, shame on you guys for shutting down the economy arbitrarily and making people jab themselves with a shot that we now no longer understand whether it actually worked or not. Like we, we forced you to do it, but we have no idea whether, whether that was a good idea. And so we're, we're unwinding some of that now. And I think when we finally get alignment between the Fed and, and Treasury and the White House, I do think they're going to run it hot for 369 months this year. I think they're going to let the ISMPMI for the first time in three or four years go over 50. I think you're already seeing liquidity broaden beyond just AI equities, right? And, and, and Bitcoin over the last 2-3 years into other things. And so I, I would resist the temptation to get to negative. And I do think silver and gold have another run candidly. Like I'm not interested in being short or shorting silver at these prices. I was only interested when it looked like it was going to go to Infinity last week. But then I closed that. And if it goes back to looking like it's going to go to Infinity in six months, I might put the trade back on again. But for now, I'm much more interested in longs because I think gold, silver, Etherium, Bitcoin, small cap equities, AI, data center, I think all of it's going to go up because there's a massive amount of demasement that is both in play already and going to continue to accelerate irrespective of who the Fed chair is and irrespective of what politicians say they're going to try to do. They're just going to have to print more money and debase the dollar. And so I think any, any strength in the dollar should probably be sold and it's probably going to be somewhat temporary and and then reverse. And that process may take weeks or months, but it may happen tomorrow, right? Like we may, we may literally top on the DXY tomorrow and then fall for the next three months. It might run for another week or two, right? And again, you can think of gold, silver, Ethereum, Bitcoin as sort of the inverse of that. Like if the DXY is falling, those, those commodities priced in dollar should theoretically go up. But obviously there's a risk sentiment component in the short term, which can cause them to sort of temporarily become decoupled, as we saw with silver last week where it went completely parabolic, well passed any sort of fundamental level. But like, again, narratives can drive anything in the short term. So that's where I think we are. I wouldn't get too worried. I'd see a lot of people like losing it a little bit. And I get it, if you lost a ton of money last 2-3 years because you were long shit coins and now it just feels like it's getting worse, I get it. But if you try to keep some sort of emotional equanimity here and stay balanced, I think you want to be the constructively long, high quality stuff over the next 12 months. And I don't think anything about this stuff that's happening right now is anything more than kind of short term noise.
Speaker 4: Wow, Mike, thank you for the take, brother, and appreciate it. We've actually got the LeBron James of gold and silver up here. Quite a crew in the house tonight. Peter, we got Mike up here. He was short silver at the top. He actually put in a quite, quite a nice short position. I know you're very long on gold and silver. What do you see in in the markets right now, Peter? Well, congratulations. It was a great, great time to have been short. Yeah, You know, I, I, I don't do a lot of trading. I I own a lot of gold and silver. I had, I hadn't bought any personally at these prices. I mean, I've everything I got is quite a bit lower than than where we are right now. But you know, I'm I'm, I'm going live. I'm doing a special in about 20 minutes on the shift gold YouTube channel. So I'm going to be discussing what I think happened on Thursday and Friday and why I think it happened and what I think people should be doing in response to what's happened. But I don't think it was a natural thing that happened. I think that the Trump administration was concerned about what the rally in gold and silver meant. And I think that they needed to do something about it. They needed to defuse the situation because I think it was threatening to really spill over into the foreign currency markets, the dollar, into the bond market. And so I think that this was kind of like an emergency intervention orchestrated by by the government, but also with key private parties who were, you know, coordinated and, you know, brought in to bring this about. And the question is, you know, how much how much time this is going to buy the Trump administration? You know, how long will it take now for gold and silver to recover that momentum and make new highs? So they may have bought themselves a little time. I think they did scare some people out of the market, certainly some speculators. I think people are going to be a very hesitant individuals to buy gold and silver for a while and that may have been part of the goal there. So you know, some people may need $150.00 silver now before they get in. I don't know. But I think people will remember what happened in the last couple days. And, you know, people might be reluctant to to buy, you know, with with that fear. But I'm gonna I'm gonna get into it a lot more in, you know, in about 17 minutes. I don't want to really steal my own. You don't want to spill the beans. Speaker I mean, when when people are finished with this space, I mean, obviously you don't have to listen to it live. I'm going to do it live. But as soon as I'm finished, it will be up there, you know, on my channel, on the YouTube channel and anybody can go and and and listen to it. But I wonder if I could, you know, simultaneously do it on on XI. Probably could. You should. A lot of smart people on X here. Yeah. Yeah. That would that would love to listen. A lot of people said silver was looking like a crypto coin. You can't go to YouTube. Yeah. A lot of the X heads stay on X. They don't really venture out of here, Peter. They're they're kind of isolated. You know, but a lot of people said silver looked like a crypto coin. Peter, on on Friday, they're down 35%. But I'm curious as to what you think is going on with crypto now. I know you've been, I know you've been vocal about your, your thoughts on Bitcoin. Where, where do you think crypto goes from here? Yeah, I mean, silver did, I mean, act like, like not even even worse than Bitcoin, right? It was like, you know, I guess it was down. In fact, it was already down this morning or this evening. It's bouncing back a bit. It's down about 380, but it was down 770. So it was, you know, it was down like 40% in, you know, a couple of days. So that you know, but keeping everything in perspective, even though silver just crashed 40%, it's above $80.00 an ounce. I mean, two or three weeks ago that was a record high. So, you know, they keep it all in perspective. This is still a big bull market in silver. And even though gold is down from 5600 almost to below 48148, hundred is, you know, high. I mean, even though gold dropped I think $500 on the last day of January, it was still the best January gold ever had. So, you know, that just shows you how much it had moved up. And, you know, I think that the move up is the real move. What just happened is, you know, is, is, is, is the noise is the, you know, it's not the move, it's just designed to to slow it down. But as far as, you know, Bitcoin is concerned, you know, I think there were a lot of people initially when gold broke on Thursday and Friday and they thought, OK, the money is going to flow in the Bitcoin now. And not only did you know, did not not happen, Bitcoin didn't catch a bid from gold's weakness. Bitcoin sold off over the weekend harder than gold. And and so now as we're speaking, Bitcoin is, you know, 77,000. It got below 76,000, you know, earlier, which is interestingly below Michael Saylor's cost basis, which is a forecast that I've been making on X for a while. That's, you know, I expected Bitcoins price to go below his cost basis and what what's significant about that?
Speaker 2: Is.
Speaker 4: That Michael Saylor, you know, has spent over five years buying Bitcoin pretty much on a weekly basis, and he's spent about $54 billion making these Bitcoin purchases. And at this point, you know, his, he's, he's not even up 2%. That's about a half a percent of return per per year. And that's on paper. I mean, obviously if he tried to sell his Bitcoin, the market would implode. But this shows you he's out there telling people how Bitcoin is the greatest investment there is. You should own nothing but Bitcoin. You should mortgage your your house. You should sell your business. You should go all in on Bitcoin. Yet over the last five years, you know, he's the biggest buyer of Bitcoin there is and he hasn't made any money doing it. In the meantime, he's missed out on incredible opportunities that he could have made had he, you know, done something else with the money. I mean, he could have bought gold or silver, he'd be way better off. He could have bought the S&P 500. I mean, he could have bought treasury bills and the interest would have been more than what he earned on his on his Bitcoin. So, you know, I think the air is is out of the Bitcoin bubble. You know, I just got back a couple hours ago from this Bitcoin conference in El Salvador and you know, I think what's going to undermine Bitcoin is tokenized gold. I think, you know, Tether is going to do a really good job on promoting Tether gold. I ran into several other people there that have gold tokenized projects. I know of a lot of other projects for tokenizing gold. And you know, tokenized gold is everything that Bitcoin promises to be but can't deliver.
Speaker 1: So.
Speaker 4: I think you know, I think, I think Bitcoin is done. You know, the question is how long is it going to take to die? I mean, how you know where's you know, how long is it going to go take to go from 77,000 to 0? I don't know.
Speaker 1: Hey Peter, I appreciate all your commentary, but I just think it's important to note that on February 1st, 2021, exactly 5 years ago, Bitcoin closed at around 33,000. So even at 77,000, it's more than doubled in five years, which is, you know, a good equity like type of Yeah, but but.
Speaker 4: Michael Saylor Michael Saylor didn't just buy it all five years.
Speaker 1: Ago. I know, I know exactly buying it. I knew this, I knew this. I knew the story before almost anyone else in the market and I was watching it last cycle. My cost basis on the remainder of my MSDR is $30.00, right? Like so I'm not losing any sleep about this drug. My last sale on MSTR was 535 the day before 2 Thanksgivings ago the day before it it topped out. So I'm not like a I'm not like AI haven't been a major bowl publicly on MSTR and in fact most people in here came into the room to hear me speak. Will remember that I warn people about rotating into MSTR for basically a year and a half now. But but it's still separate from the commentary you made it. You said Bitcoin's dead because it's effectively not gone up in five years. And I'm saying objectively I'm not arguing. No, no, not arguing with you. It has gone on, but it has gone on OK, so.
Speaker 3: But I'm.
Speaker 1: Saying that.
Speaker 4: You're missing. You're misunderstanding what?
Speaker 1: I'm saying, OK, I may be misunderstanding, but there's a more important point here. You said that he hasn't made any money and what I, what I would tell you he has no, you know he has because he owns MSTR and he and he has preferred equities and the total value of all the securities that that MSTR has issued is far above where it was.
Speaker 2: Oh.
Speaker 3: I'm I'm not. I'm not.
Speaker 4: Saying that the the market cap of my of strategy has an increase. OK, it has. What I'm saying is strategy has not made any money on its Bitcoin.
Speaker 1: But but in a sense, the share, the shareholders don't care as long as the stock price has gone.
Speaker 3: I'm not well.
Speaker 4: Yes, obviously if you bought the stock, you know, five years ago or take, you know, you're ahead. If you bought it a year or two ago, you're getting killed. But I'm not talking about MicroStrategy or Strategy stock. My point is that he Strategy raised $54 billion to buy Bitcoin because Bitcoin was supposed to be this great asset that was going to generate 30% per year compounded returns indefinitely and instead he's generated basically zero returns on his book of Bitcoin and.
Speaker 1: That but the market. But the market doesn't believe that if you choose an arbitrary starting point for your analysis that that will be the same for every year for your period. But you. You.
Speaker 4: Could choose an.
Speaker 2: Arbitrary.
Speaker 4: Point. I'm just saying objectively he spent $54 billion buying Bitcoin and those Bitcoin are worth about $54 billion today on on paper.
Speaker 1: Yeah, but but what is that? But what does that have to do? What? That's fine, but what does that have to do with whether that's a good decision or not?
Speaker 3: Because he hasn't made any money. Nobody.
Speaker 1: Has because because the value of MSGR equity has gone up exponentially and and they're still valuing it highly because they know no one else will ever be able to buy 700,000 Bitcoin and catch up with MSGR unless they move the the price with market impact. So that's a unique, it's the unique asset and.
Speaker 4: He can't sell his Bitcoin.
Speaker 1: But you don't need. Why would you need to sell it? He doesn't need to sell.
Speaker 2: Because it's going down.
Speaker 4: No, it doesn't have the.
Speaker 1: Yield Peter. Peter, you're a value investor too. You held gold and silver when it did nothing for 10 or 15 years. You underperformed everyone.
Speaker 4: Yeah, I held a valuable commodity.
Speaker 1: He's I know, but you underperformed everyone. That's not a good reason to sell though. You still held it, and now you can totally.
Speaker 4: Bitcoin, But anyway I got a hop.
Speaker 1: Just like OK, hop off so I can explain to people what you really what you really mean.
Speaker 3: Yeah, I couldn't.
Speaker 4: Get ready for my podcast but.
Speaker 1: Yeah, go ahead, go ahead. I want to explain to people what you really.
Speaker 4: Meant yo Peter, we appreciate you. I know what I meant. So thanks for pulling up, Peter. We appreciate you.
Speaker 3: Have a.
Speaker 4: Have a great show. Yeah, this is that's this is gold versus Bitcoin really right there. It's not. This is like gold versus.
Speaker 1: Bitcoin Mark Bark. It's not just like there's some nuance here. He this is not a nuanced person. This guy's been saying and I followed him 20 years ago. I followed Euro Pacific Capital. I followed the litany of client complaints and lawsuits and what he's taken because he's lost so much money for his investors over 20 years. All they had to do was buy equities during that. All they had to do was own the S&P 500 and not be bearish on the US economy and not be bearish on equities. And he could not do that correctly. He told everyone during the financial crisis, the only asset you need to own is gold and gold miners. And then he kept banging that drum for 20 years. It was it was going to be another 2008. Every single year since 2008. And anybody who listened to that crap has lost so much money, right? And so he, he's been banging the drum on selling Bitcoin, Bitcoin going to zero since Bitcoin was like $1000, right? And so now we're at $77,000 and it's still going to 0, According to him. And he can't even remember that it's gone up over the last five years. In the meantime, gold and silver did underperform equity for most of his career. And if using his logic on Bitcoin, that Michael Saylor, we should sell Bitcoin because it's going down, He should have sold his gold and silver like every year for the last 20 years and he didn't because now his whole identity is tied up in being a gold and silver investor, much like Michael Saylor's identity is tied up in being a Bitcoin investor. The difference though, is that Michael Saylor's made way more money than than Peter Schiff could make in 100 lifetimes because he's way more talented and he's way more future oriented. He understood the Internet before anyone understood the Internet. He bought up all the domains. He built a billion multi billion dollar public company like when Peter Schiff was still in high school. Basically, I'm just joking because they're probably around same age. But listen, I, I, I think a lot of that stuff is just noise. I don't think you should be bearish on gold or silver. I'm not saying that necessarily, but what I'm saying is somebody who's long gold and silver and hates Bitcoin, like doesn't understand Bitcoin, right? Because because there's fundamentally approaching the same problem in different ways, and one of them is tuned for the future and one of them is seasoned in the past. But like, at the end of the day, it's not a battle between them. It's really a question of how much of of each of them should you own at various points along the curve, in my opinion.
Speaker 4: Do you think his thesis of crypto going to 0 carries any validity? I mean, do you, do you agree with that in in any way? I'm I'm not sure Bitcoin could ever truly even hit zero. I think that's impossible. But but do you see, do you see a decline in crypto versus precious metals this year? Obviously, you know, I think, I think you've made it clear your, your stance on it. But right now, if you were to, to be looking at all of these assets on the board as an investor, where do you see, you know, the short term and the long term upside? I'm talking precious metals versus crypto.
Speaker 1: You, you asked, you asked 2 questions. One is do you, does Peter Schiff's view have much validity? I'd say his his track record proves. I mean, I've smoked him over the last 20. It's not even close, right? Like the compound growth rate of a Peter Schiff investment strategy has been basically flat. And unfortunately for him, he's lost so much money over the previous decade or two that even this run in gold and silver in the miners like isn't going to help his average return very much. He's still like wildly underperforming everyone. So no, I don't give any validity to a comment from somebody who willfully ignores or fails to understand the basics of how crypto even works. Like if you can't understand like what decentralization actually means because you're so old school that you think everything has to be centralized. And I really don't like, I don't think you should be a pining or pontificating about an asset class that you just don't understand. Right. I, I didn't short silver because I, I thought it was going to go to 0. Like, of course, silver and gold aren't going to 0 because as long as they keep printing dollars, everything including real estate, including equities, right? Including bond, like everything's going to become more valuable in dollar terms. I just thought like, you know, just like I thought MSTR was too hot in November of 2024. I thought silver was too hot last week. Sentiment and euphoria can give that away. So like looking forward, forget, forget about shift. Because other than bringing people in the room and having a big following, most of his ideas are nonsense and his returns are so shitty that I'm not sure why. Like I've asked myself many times over the last five years, why does anyone even listen to him? All he's done is torpedoes people's portfolios over the last 20 years. And there's tons, there's a trail of lawsuits and client complaints that's like a mile long to back that up. And so I don't understand. But again, I get it. You can be a celebrity on the Internet, even though you're your real results are terrible. But looking forward, like, look, I think I think crypto is going to outperform metals because a, the mean reversion component, which is that metal is a far outrun expectation, the short term and crypto is wildly underperformed expectation in the short term. And that means when there's sort of a reversion. You're going to get a catch up. And the thing about Bitcoin, Ethereum in particular, like when they do decide to run, they run quite impulsively, I'd say even more impulsively than the way gold and silver were moving over the last few weeks. And I think at these valuations like you're sort of overpaying if you're buying silver at 100 or 120 bucks, but you're probably underpaying if you'll be able to buy Bitcoin in the 70s. So I think I, I, I just don't think it's going to be very close. It's really a question of time horizon. Silver may be Bitcoin, Ethereum this year year, like for the full year as possible. But I actually think that the turnover point in which Bitcoin will start to outperform gold, silver again is probably going to happen during this year.
Speaker 4: How do you see the four year cycle? I know there's a, there's a few, there's a few figureheads out here that believe the four year cycle is over and that we're, we're transitioning away from that into something entirely different. I mean, if, if it was a four year cycle that would have ended somewhere last year in 2025 in around November, October. But if it's not a four year cycle, we're seeing something different. What what are your thoughts on the the whole cycle theory?
Speaker 1: I have a slightly different view, right? I, I, I think objectively Bitcoin has a four year halving cycle. That's just the way the protocol works, right? So let's put that aside because that's just math and the timing of what 210,000 blocks, which is approximately every four years. There's also like a tighter kind of global liquidity cycle, which is just coincidentally been running sort of a four year clip basically since the GFC, right? And then you have the four year US election cycle. Again, not coincidental, given that according to Satoshi's writings, you know, one of the reasons for creating Bitcoin is to sort of get away from the capriciousness of the way the Feds, right, the Fed and Treasury and the powers that be acted in terms of printing money, allowing these sort of major crisis banking crisises and asset price crisises and then collapses and then bailing them out, right? And so ultimately, at least ideologically, it was response to some of the shenanigans that were happening in the traditional system. And So what I think happened is because we had pretty extreme money printing and Zerp 0 interest rate policy during the period of time where Bitcoin and Ethereum and a lot of crypto ripped for example, in like 20/17/2021 like it was, it was, it was a slightly different sort of macro environment. And I think people drew the incorrect conclusion. They said, well, because this happened exactly on the timeline the year after the halving leading into the fall, that that's exactly when every cycle high will happen. And clearly there's something magical about this sort of four year. It's like I think think what actually happened is just for at least two or three cycles, the broader liquidity cycle and the sort of business cycle like is measured in the US at least by the ISMPMI was actually almost perfectly correlated with that timeline such that it may have actually been some of these other factors that caused both the bull cycle and the. And the correction, at least for 2122 is pretty obvious now in retrospect because the Fed when raised rates 500 basis points in the US crushed not just Bitcoin and crypto, but like almost all long duration equities like tech equities and Netflix and and Facebook even were down 70%. And you know, I like to say Carvana because it went down 9899% before it went up like 100X plus, right? And so it just how so happens that that liquidity cycle and the interest rate cycle were sort of correlated with it. So I think this, this whole idea that there was ever like a, a perfect crypto cycle was flawed in the 1st place. And I think what's happened since 2022 is they raise rates so quickly and they crushed asset prices in, in 2022. And we really haven't seen like a full recovery that looks like a traditional recovery. And I think part of that is, is perhaps rates and yields have been too high relative to where the economy is and that the inflation was actually just a response or reverberation from money printing and low interest rates that happened five years earlier to, to fight off a pandemic. I mean, they basically since 2008, they used every excuse possible that can consistently manipulate the price of money and the price of assets and, and to some degree the, the, the banking system itself via a number of different methods that they've been using to keep like money flowing and keep the repo market from blowing up. And so they're, they're doing all this pulling all these levers. And I think it's, it's caused a sort of crosscurrent of different factors such that it's almost impossible to attribute any of the specific things that happened in the market to any specific thing. And I think look, it's an illusion out for people to say, hey, this is exactly what happened because there's too many different forces. And so look, I, I don't think there is a cycle that you can attribute to crypto specifically that's unique to the halving and that will happen at the same time. I think that was an illusion that was caused by its overlap with other more powerful liquidity oriented cycles that were happening elsewhere. And because we haven't had a true upturn the way we've seen before, right? Like again, as measured by the business cycle in the US like liquidity and how tight things feel in the market. Like I, I can just tell you that even though something's have gone up over the last three years, it really hasn't felt like a bull market very many places. And yes, if you're along the S&P and AI stocks and you were along Bitcoin, you made plenty of money. But if you were along anything else, right, it's it's actually been quite, quite challenging in, in a lot of other sectors of the economy. And of course, small cap stocks didn't even start to outperform until very recently. They didn't break out for the first time in many years until recently. And even now it kind of feels like a blah, a breakout where there's no real excitement. And that may change right in the coming years and, and, and when or even the coming months or quarters if that changes. Then I think that would potentially correlate with the first upturn and sort of crypto liquidity that we've seen since 2021. So my argument is actually different than most people. My argument is X Bitcoin, right? So if you remove Bitcoin from the story, crypto has effectively been in a bear, like a bear market for the last four years. And what I think we're coming to the end of now is that sort of really constrained liquidity environment where liquidity is just not making it all the way out to the riskier stuff. Just like it wasn't making it to to industries beyond tech and AI and the SP500 and it wasn't making it to international stocks. It wasn't it hasn't made it to crypto at all. Like BNB is like one of the only large tokens that's not a stable coin that actually made a new all time high other than Bitcoin, right? The vast majority of the rest of the market has has struggled basically since the peak in November of 2021. And so well, it looked like for a period of time, you might get a bull market in salon or you might get a bull market in Ethereum and even Bitcoin, right hasn't really felt like a bull market. It's basically consolidated for the vast majority of each of the years, had some quick run up and then gone down to sideways for six to nine months at a time. That's not a real bull market in crypto. And I and I think the beginning of that hopefully is coming this corner. So that's my view and I know it's doesn't sound like necessarily what everyone else is saying, but that's not really the point. I'm just trying to get it right because I think a lot of people are at risk of turning too negative and too bearish, not not just on crypto, but on small cap equities, value equities, international, like too bearish on everything. Because there are some things that look like they're under pressure, like very temporarily, and some of it is like surface level noise. Like it's probably not going to matter who the Fed chair is very much just to be honest. It's only one vote on the committee and they still need to build consensus. There's probably not going to be a major reduction in the balance sheet even if he wants to, because there are a lot of people on there that are very loyal to the banking system and are very loyal to their banking overlords. And those people are not going to be happy if they try to reduce the balance sheet too quickly. So he's going to lower rates because Trump wouldn't have put him in there if he's in the lower rate. But he's also going to job on a little bit on the balance sheet. And that may, again, 'cause some confusion in the short term. But the ultimate trajectory of all this is higher because the Fed, Treasury and the White House are all going to be working together over the next 6 to 9 months again to try to run things hot for the first time in basically 3 or 4 years. And if that happens, then crypto is going to run and it's probably going to sort of slingshot out of whatever the bottom of this move is where feels like shit, feels like shit. It's going to drop. I don't feel like shit by the way, but a lot of people are in crypto are like depressed right now. But it's going to drop, it's going to drop, it's going to drop. It's going to be terrible. And bitcoins going to 30 and this is the end. And it's not going to be a bottom until December. And and then it will just turn and run. And the thing that causes euphoria on the way back up is all the people who are chasing. So think about all the people who are selling all their Bitcoin, Ethereum and Solana right now thinking this is it. What happens if they just turn and run for the next 3-4 months? What are they going to have to do in May or June? They're going to have to chase at or near all time highs when they should have just been DCA ING the whole way. If, if again, if you have a fundamental view as I do of like where the space is going over 10 years or 15 years, all these things are buying opportunities. There are opportunities for idiots to lose their money. But like, if you're not dumb and you have a longer term view, they're just opportunities to add risk, add exposure strategically when that risk is mispriced. And then when it goes back up, if you want to take them off again and rotate to something more conservative, you can. But you certainly don't want to be rotating heavily out of risk after these types of assets have already fallen. 40 or 50%. That just doesn't make any sense. You know, like that's a good way to end up poor when you're older. The way to end up wealthy is just to choose a basket of of things that you think are high quality. It could be 5 or 10 things only and just consistently buy those 5 or 10 things every time they go down and then just hold them until they go back up again, right. And again, if you, if you want to rotate, like you rotate when everything's hot, you don't rotate when everything's cheap and everybody's bearish. You rotate when everybody's euphoric and you rotate out of the things that have run the most and you rotate into the stuff once again, like a, like a washing machine. It's just a cycle. You just rotate back into the things that are out of favor at that moment, which again, up until like a month or two ago, that was like consumer staples in the US. Like people were dumping alcohol stocks. Like no one was ever going to drink alcohol again. They were dumping soda stocks like Pepsi and snack stocks because this government's not going to allow snack foods and GLP ones are going to kill all soda demand and all chip demand in the United States. It's like, no, no, like it's just human nature. Like the stocks trade down and there's a lot of narratives for why. And then like a year or two later, they're higher again. Dividend aristocrats like Pepsi go down for a little bit and then when they turn, they go back up and they usually behave the opposite of things like Etherium. It's actually not a bad thing to pair together because when Etherium is ripping, Pepsi will be lagging. And when Pepsi's ripping, Etherium might be lagging. And you can use the dividends from Pepsi to buy more Etherium every time it's lagging. And it's not rocket science, but, but it's a really simple strategy.
Speaker 4: So you're so right about the chase, Mike, and people feeling like they're behind because they came in late and you see pump fun and, and just the amount of chaos and the amount of liquidity that went to pump fun and how many people in, in the crypto industry really turned to short term stuff. Because when Solano was at 8-8 dollars, Mike, I'm sure you remember what people were saying on this app. Same with Bitcoin at 16 and Ethereum. Nobody was buying or I shouldn't say nobody, very few people were buying. Most people were at that point running for the hills. Very similar sentiment to what we're seeing right now on Twitter, which is basically doom and gloom. And then the occasional Mike or the occasional sailor that will come in and say, hey, we're, you know, we're sticking to the thesis. It's just, you know, we've been doing this for a long time. I'm curious though, when, when you see this short term pain ending and at the, you know, earlier in the conversation we talked about we're going through this period of, of a little bit of uncertainty right now with the Trump and the, and the, and the Fed chair and Greenland and things of that nature.
Speaker 3: And that's.
Speaker 4: When do you see, Yeah, and the Epstein stuff as well, When do you see this period of uncertainty sort of ending and this this prosperity. That you talked about maybe switching into, you know, going more aggressive? What? When do you see that bottoming out realistically?
Speaker 1: Oh, I mean, I said it earlier in the space and I and I posed my last tweet. That's it's sort of about this. I mean, I think the most likely scenario, and again, this is all just probability waiting that I do the most likely scenario is that it should be the sharper it is on the on the draw down here, like the faster the recovery potentially. Like where, if I'm right that like this is actually just what yet another kind of growth scare where you pulling on a bunch of narratives, trying to create an environment of of risk off for some period of time. We've seen this a bunch of the last 2-3 years. There's been a bunch of these. It's funny how quickly the human memory can forget things, particularly if if you're primarily long and these incidents are, are painful for you in some way, people will forget them. But I I remember them pretty vivid. There's been a whole bunch of them. This feels like yet another kind of run-of-the-mill repricing and like minor growth scare. April of last year was much more significant, right, because it felt like the whole market, it was repricing and that like everything was going to fall off a Cliff together. This feels much more controlled and and much more isolated where you're seeing like some rotations, right where like on Friday, silver and gold plunged right like over the weekend, because Bitcoin and Ethereum are like the only source of liquidity. When all the traffic markets are goes, they kind of drop further, right? And it's sort of unclear like which one's leading or lagging. It may not even matter. But the point is just a bunch of stuff, it's kind of slowly getting in a controlled way, getting repriced. And so I think that that could end. I mean, it's possible to ending now, right? It's possible to ending on Wednesday or Thursday. It's possible to ends in two weeks. If I had to wait it, I think the majority of like if I ran Monte Carlo simulations, 10,000 of them of what the next 6 or 12 months looks like, I think somewhere near 50% of them involves some sort of near term bottom, like one 2-3 weeks Max. And then we run into the spring. I think there's other scenarios where we just keep drawing down for the next couple months. But of course the the shape of that drawdown will start to flatten out because you're not going to fall at the same rate unless there's some major Black Swan type of thing that nobody's thinking about right now. Because I think most of the major catalyst for extreme risk off sentiment are large largely been revealed. Like we kind of know what they are at least what category they're in. So if, if there was like a global depression, like a 2008 type of scenario that was brewing right now, then of course, like acid prices would all start to move down and we wouldn't necessarily understand why initially until some of the shoes start to drop. But I think I.
Speaker 3: Think it's brewing? It's brewing.
Speaker 1: I don't think that's where we are actually. I think we're, we're actually in an early cycle environment for a bunch of things. And I, I think we have a really healthy market and actually that some of this price action is setting the stage for like a broadening in the sort of broad like economic and asset price rally such that we don't just get Tesla, NVIDIA, Microsoft, Google, Apple, etcetera running, but we get like railroads and home builders and international companies, small caps value, just value in general, energy, materials, real world stuff like the revenge of the real world, which is, by the way, been crowded out for 25 years by the rise of IP dominated companies, right? Like property, plant and equipment used to be a major line item, right? And in a balance sheet. And now the, the biggest companies, it's largely like IP driven and everything's been, we've been dematerializing the world for the past 25 years. Like if you think back 25 years ago, it was all about ExxonMobil and Chevron and Walmart. And now it's all about Google, right? It's, it's all about Microsoft and it's all about open AI. And so that's great. Like it's creating an acceleration in the world, an acceleration in the economy and acceleration in tech. But there is a, a limitation in the physical world to how quickly you can scale exponential technologies before you run out of materials, right? You need land for data centers, you need energy for data centers, you need parts and, and minerals and metals for robotics and, and pretty much every technology. And I think people have forgotten that we swung from a world that was too heavy on real world stuff in the year 2000 and now in 202526, we're probably too heavy on digital stuff. And it's like a metronome that oscillates and we're going to probably oscillate back the other direction. And we're seeing some signs of that already. Like if you're making hardware now all of a sudden people like you, if you're building data centers, all of a sudden people like you because they realize that you can't do AGI, not at least under the current constructs. You can't scale it really to everyone unless you have more data centers. So that's what I think is is happening. And I think because of that, there may be some error out of the balloon sort of in the very short term for crypto. But but Bitcoin still hard money, right? Bitcoin still requires a massive amount of power and physical world stuff to to make it secure. And so to me, Bitcoin is that link linkage between like frictionless error that you see in a lot of parts of crypto, like proof of state crypto, where there's not a lot behind it between that and the heavy duty shit that needs to be built in the real world in order to power the future of the planet, right? Like the things that like Elon Musk is doing, like taking rockets to Mars and you know, building like Optimus robots. And like, he's freaking not going to make any more model XS And, and right, if they're phasing out the a bunch of the cars at Tesla because they need more space in the physical world in order to manufacture robots. And because they really believe that autonomous driving in a, in a grid is going to be more valuable than owning your own auto necessarily, because if it's not in the grid, it's not going to be as useful. And so he's really betting on the on the future. But all that stuff notably requires significant investment in cap X in the real world factories, right? Parts, metals, minerals, everything, right, like I think a lot of software people and a lot of younger people like people that are sort of under the age of 40 in particular, think that you can scale the digital world they've grown up with without physical stuff. When I think the mean reversion on that is sort of happening now. And, and I think it's an important thing to happen and A, and a reason why people should be considering other investments. Like if you're all in crypto and you're all in proof of fake crypto, like your portfolio consists of Solana Etherium in XRP or something, right? Like that's probably not the ideal portfolio for, for the world we're in. It would even be better to swap out one of those for silver even, because at least it's a physical world thing. And it might be better, of course, to swap one of those out for an AI data center where now you get exposure to a completely different trend that requires physical world development, which is actually quite hard to do and has more of a Moat on it in a sense. Because there's only like so many sites that have a gig of power at low prices in Texas, for example. So if you have one of those sites and you're able to develop it, that's going to be a pretty valuable asset probably for a pretty long time. Whereas I don't know whether which like layer one network that makes transactions really quick, right? Or allows you to do some sort of NFT decentralized something or other, right? Like I don't know which one of those things is going to have long term value, but I'm very confident that a physical metal that's used in industrial processes will probably have some value. I'm very confident that a data center that has a GW of power is probably going to have some value. And then I'm pretty confident that things like railroads, like if you're the only railroad that has, you know, a connection point on a single line between Canada and Mexico, you're probably going to be pretty valuable. Because even if the business is out of favor today, because everybody likes really like digital, you know, low CapEx businesses like software companies, there's probably going to be mean reversion there now and not we're seeing that now. Like look at what what's happening with Adobe and Salesforce and service now and all these companies that were considered invincible work day. Like these companies have huge amounts and the low cutbacks and they're just beautiful businesses with really high EBITDA margins. And AI is like showing that a cloud and stuff can eat some of these business models quite easily. And the debt markets picked up on it even before the equity markets and some of the debt deals started to fall through on on software deals. And now all of a sudden everyone's asking are, are are any of these software companies? Do they have a sustainable competitive advantage in a world where AI can commoditize their business? I can tell you what AI not only cannot commoditize the single railroad line that connects Canada and Mexico, but more importantly, everything that AI does requires physical materials that need to be shipped, right? So if you need to move materials from one place or another, there's only so many modes that you can use to do that. And and rail is actually one of the most efficient. So again, you think you need to think out-of-the-box on this stuff, right? Like think more globally and more macro and say, look, here are the things I believe right at a very high level. So I believe that crypto has a 50 year, 100 year future. I believe that sound money is better than shitty Fiat money, right? Like all things being equal, I'd rather own gold, silver and Bitcoin then the US dollar if I had to put something under my mattress. Because almost certainly the purchasing power of a dollar goes down over 10 years and almost certainly the purchasing power of a Bitcoin goes up over 10 years. That's like a very high level view that I hold which guides the rest of the stuff. I also believe that AI is probably the most important technological development in human history. It is the only large scale technology that can improve itself with no human intervention at scale. There's nothing else like that. Everything else was an incremental improvement that humans used to be better. This is a not just an incremental improvement, but a total change in the operating system of how intelligence works. Essentially a change in the operating system, how the entire world works that isn't just like a incremental step forward, it's it's more like a a total paradigm shift for everything. And so I believe that to be true. I could end up being wrong, but so far the market over the last three years is validating that view because effectively anything, whether it's power Vistra, constellation, energy components, equipment, GE Vernova, right, you can selectica, you're not on the list like AI data center companies that have pivoted in because they had power from Bitcoin mining iron cipher, right? Like if you look at chips, NVIDIA, AMD, Broadcom, rather you go down the supply chain for what's going to power AI. The market's been saying for three years, this is huge and that's just what the market knows now, right? The market, just like in 2000, there are a lot of people that are bullish on the Internet, but even those people were probably too bearish because the Internet ended up being bigger than people thought it was going to be. In 1999. For example, we had a huge crash in docinthe.com bubble first, but the views that people have that were bullish on the Internet in 1999 were ultimately not only validated, but those people ended up being too bearish. I think a lot of the people are talking about AI now, even if they're somewhat bullish, are still too bearish. And it's, it's just not possible for markets to understand the demand picture for all of the supply chain elements that go into making AI at scale. Like there's, there's no way for the market to understand that it's trying to price it in. But my suspicion is that process has a long way to go. And, and that may take 20 years, sort of like the Internet, the consumer Internet took 20 years to be priced correctly in, in public markets. So anyway, those are some, some of my thoughts. I, I, I think people need to, to zoom out these moments that we're in right now are just like in April last year and March of 2023 during the banking crisis when Silvergate and Signature and Silicon Valley Bank, we're all feeling these were all buying opportunities. Much like March of, of 2020 when COVID was at its sort of fever pitch where people were saying it was the end of the world and the economy is going to crash and they're never going to open again and everyone's going to die and blah, blah, blah. Of course, like at the apex of that fear, that was another buying opportunity. I, I can go back in time and give you like a dozen other of them. This isn't even a major 1 yet. I think Bitcoin would need to go to like 50 or 60 before I would consider this like anything like April of last year in terms of the way it feels in the broader market. It still feels like a run-of-the-mill short term risk off. And I think the most likely scenario is that there's a bottom in the next couple weeks that causes a risk rally into April, May, June. And I think the things you want to own are similar to the things you want to own last year, right? It's it's small caps, it's international, it's AI exposed equities, especially the ones you can find that are reasonable valuation or reasonable expectations relative to the valuation. And then some value sectors that most people aren't following in crypto, like I mentioned before, food and beverage staples in general, energy, healthcare, like pharma has been totally under underpriced. I mentioned Novo Nordisk a bunch over the last three months. It bottomed out, and then they they launched the would go V pills the 1st. Approved GLP one in the US that was totally telegraphed by the way, the CEO that I posted the video two months ago, CEO basically said, we're going to we're preparing to manufacture this and we're going to launch it in in early 2026. And the market just yawned and like it didn't even care that effectively he was telegraphing. He basically gave you inside information on TV effectively like said that he already had agreement from from the FDA and the president effectively because of the, the drug deal he did with the president, right. Like that's, that's really where that came from and the market didn't care until it got approved and then it marked the stock up. So anyone who says everything is priced in, right, Like sometimes things are priced in, but a lot of things are still not priced in a lot of days because there's so many things to pay attention to. And there's no one entity, not even an AI yet who can really understand all of these things at the same time such that it can tell you like what's actually underpriced. But I, but I would be continuing to buy Bitcoin, Ethereum, I, I think you can probably even buy gold and silver again, especially at silver after the the draw down. If it were to go lower from here, as I said, even though I was short, heavily short last week, I would actually be looking for longs on silver now, not shorts. And at least until silver would go back to all time highs. If it goes back to all time highs, I would give it a little bit of time after the all time highs to make sure it doesn't go just completely parabolic. But then the next time it cools off again, I would short it again. And again, that's not because I'm bearish long term fundamentally on silver. It's just the best thing I found to short against the, the long positions I have on the equity side. And because I'm not comfortable right now yet at least shorting the S&P or the NASDAQ. Although I do think there will be a time to do that strategically against your your equity longs in the next 12 months.
Speaker 4: I think what you're saying is the top signal was in, you saw Peter Schiff on a stage with a bunch of cartoon dogs, 5000 people in the audience saying that gold was going to $40,000. And I think that was kind of a clear top signal. But Mike, all jokes aside, how do you know if, if so, you're saying this could be sort of like an Internet situation where people even are more bearish because they weren't bullish enough on AI. I mean, I hear AI bubble, but that just has to be some it's boomer talk, right? There's there's no such thing, is there?
Speaker 1: I, I look, I've been really consistent on this. I don't think anybody who says AI bubble has any fucking idea what they're talking about. I think the moment I hear someone say that, I just assume they're complete buffoon. They certainly aren't in the business, right? Like I'm, I'm in the business. I'm on the board of almost a $20 billion AI data center developer that I joined the board the month before the IPO. We had a vision. We had a view, right, that infrastructure to power different compute categories, starting with Bitcoin, because Bitcoin's a wonderful customer, because it's completely permissionless. You can come on, come off, you can curtail it. It's effectively the perfect off take for excess energy that you're not going to deploy to other forms of compute, right, like AI. But we had a view that AI was going to be big before ChatGPT even came out. And we thought you wanted to buy larger plots of land and control larger power. There was sort of a view in the traditional data center business that you could do this in like Washington or you could do it in like Virginia, and you could do small megawatts. And what you really needed was like proximity to the city center and really good fiber connectivity. That was under 5 milliseconds, right latency. And it turns out that's completely wrong for AI like to build what Elon Musk is building to build what Microsoft and open AI and Anthropic right and and Gemini need at least now you you actually need a lot more power. You need a lot more scale. And so the vision to do that early on has been validated because now hyper scalers are literally trying to contract every single MW of power that's available anywhere in the US. We went from they weren't sure they needed the power in the middle of the country, like in places like Texas and Oklahoma to they need every single MW that's available. And that's actually except, all right. So I, I tend to discount the views of people who are just sitting on a screen somewhere, right, like watching securities prices go up and down or trading crypto or working at a tried by bank or something. If they go on TV or they come into space to AI is a bubble. I go great. Let me think about whether this person actually has any relevant experience, has any relevant like understanding or, or current understanding of the demand environment for power, for infrastructure, right, for understanding whether these companies, these big leaders in the space are going to get funded. I was saying a couple weeks ago that like they're going to basically pump 10s of billions, if not hundreds of billions into the leading AI labs, right? The the leading application developers and then the hyperscalers are effectively setting up to spend multiple trillions on physical infrastructure. And most of that, according to the most recent Goldman Sachs, will be funded by cash in cash flow. So this idea that it's like it's all on unsteady ground and there's tons of debt, it's completely wrong. So far, 90% of it is funded by existing cash and cash flow, again, from the largest, most profitable, best companies in the history of the planet, The, the, Google's, the, the Microsoft's, the Metas, etcetera, right, Amazon. So we're like the first or second inning of what'll probably be at least a decade, maybe A2 decade CapEx cycle that that'll probably be linked up with like what's happening with space travel, with transportation, with synthetic genomics and other sort of disciplines that are basically enabled more by cheaper compute. They're all kind of linked up. I mean, there is some rationale for like linking XAI up with SpaceX or, or with Tesla, right? And bringing some of those things together because ultimately, like you're trying to streamline cost and sort of wield the maximum amount of power and compute. And then of course, you want to have like the best application on top of that. But you think of the, the power and the compute as sort of the chassis where like everything else you're doing, you're going to do that on top of that. And if you have an unsturdy foundation and in terms of your, your power usage and your ability to wield compute, you're going to be less successful in the long game versus the these behemoth companies that you're competing with who are more effective at yielding those resources, wielding those resources. So I think, I think that's kind of how I would, I would view it. And, and so because it's basically a battle for AI supremacy that it's not a winner take all, but it's certainly a situation where if you lose that battle, like if you lose a major battle on AI supremacy, where the market decides you suck at AI and Gemini is going to crush you like you're at risk. If you're on the board of one of these top five or seven companies in the US, you're at the risk of being a hard business case study of like how you you became blockbuster. Can you imagine how Apple became blockbuster or how Microsoft became Blockbuster or how Google became block? You're not going to be that. You're not going to be that guy. Like you're going to spend effectively whatever it takes. And the game theory says you might be willing to spend more than your market cap potentially because if if there's a real risk of your market cap going to 0 from 3 trillion, again, something we've never seen companies that these market caps. And so we've never seen a company that market cap fail or become obsolete. But I'm willing to bet that that is possible in a world where AI gets good enough that it can literally cannibalize software companies. And we're seeing this already overnight. I don't know if you've ever looked at the Stack Overflow questions and user chart. I mean, AI effectively killed Stack Overflow in like a month or two, right? It killed the the college prep market, right? Like there were there was Chegg and there was Barnes and Noble education and effectively took those companies almost to 0 in a few months because some business models are much more susceptible. If you're a hyper scaler like Amazon or Google, you're not at the firing line right now. You're removed from the firing line. The problem is that you have the biggest surface area to attack. You have the most to defend. And so if you're worth 3 trillion, what percentage of your market cap should you be willing to spend to not turn into Blockbuster? The game theory says quite a bit. And that's what we're seeing. And so there's a lot of noise in the short term when people that have no idea what's going on, they go on CNBC and say AR is a bubble. And it's like, God, these people, they're, they're just, they don't know, they don't realize how dumb they sound. Like it's, it's sort of like the people who said the Internet is, is, is not going to be useful for anyone but pornographers and college professors. Like that was sort of the argument 27 years ago. And like, obviously anyone who said the Internet was a fact machine like Paul Krugman or whatever, like didn't, didn't sort of survive the, you know, the rightness test over time. And I think a lot of people calling for AI bubbles today just have no idea what they're talking about. So now I give it 0 credence. In fact, I've, I've tagged a bunch of people who who have said that because those are the people you want to fade in market, you'll make a ton of money doing the opposite of those people at inflection points in the coming years. And, and I've actually done really well specifically identifying people that have proven to be exactly wrong consistently on major things like this, like is AI real or not? Or is Bitcoin real or not? And those people are the people you want to monitor. So when Peter Schiff screams his head off the most about Bitcoin because he's so confident it's going to zero, you want to buy. And when the dumbest person you know goes on CNBC and says AI is a bubble, you want to buy there too. And these heuristics work almost better than any other analysis you could do in markets. And it's not sexy. These these big try guys can't sell that because it sounds like witchcraft, right? It sounds like, you know, like it's, it sounds like some sort of voodoo. But the reality is it works because whenever the dumbest people think high quality stuff is going to go down, you want to buy.
Speaker 4: And with the AI, the whole AI thing in general, it's like betting against technology. You never want to be the guy betting against tech. The same people that bet against the car were saying that horses were much better because they weren't as loud or or obnoxious and they could be a pet and all sorts of things. And then ten years later, there's no more horses on the road. But but the question, Mike is when did they go all in? Is there an all in moment where the risk of of missing AI is just too extreme? You just basically full, full port into AI. Are we seeing that now? Is that already happening? This all in moment or or when is that all in moment?
Speaker 1: Well, only at the VC level because VCs are always in front, because they've got to be about 10 years in front of the public market. I mean, look, it's different now because 30 years ago you used to take companies public faster at lower market caps, and now the VCs and founders have gotten smarter and they're extracting most of the value of of their future public entity before it goes public. They're effectively like juicing it, squeezing the juice out, and then dumping the remainder on the public market, which is part of the reason why a lot of the public recent public IP OS don't do well. I mean, there's a lot of reasons, but one of them is that they don't tend to go out until the insiders actually think the stock is going to be fully valued, right? So, so if you're on the other side of that and you're buying the stock, you're effectively paying the price that that people thought, well, you know, was, was, was high now for at least appropriate. And so you're not getting a value price, right? Whereas the VCs come in early. The, the value there comes from being early, identifying the pattern, identifying the thesis, identifying the right team before there's any metrics, right? Like a lot of times, even a Series A, you're going mostly off of traction and not off of like real economics. And in fact, at that stage, you don't even want the company to necessarily be making too much money because it's actually harder to raise the next round when it's too much about revenue. You still want to be about the story as long as possible for your VC. So VCs have gone all in an AI and there are some select examples of like public, you know, public equity hedge funds, like that guy who came out of opening eye, right, that that runs a public equity hedge fund. That's largely focused on on AI, but like the vast majority of investors are probably underexposed. If you take a 10 year view it, it doesn't mean that AI stocks will go up next quarter or next year. But I think over 10 years, it's much like the Internet and in 2003 or 2005 or 2010 or 2012 where at any point along there you might have thought like the Internet was over or was it already run too far. Even as late as 20141314, I remember people saying Amazon was done and then it proceeded to go up a lot more. You know, I think, I think you'd never necessarily have to go all in as an investor, but I think the people who go all in the earliest on some of these things tend to do the best, right? Because if you go all in and you don't have to sell and then you're right and you wait, then you'll capture much more of that move and and compound capital much higher rate than somebody who waits for the proof that it's definitely working. I mean, that's basically the difference between VC and public markets, right? Like I do a lot of VC too, everything from seed stage to to later stage to in some cases turnarounds in addition to public market stuff. And I think it's really helpful to understand companies along the full life cycle from like seeding a company on a whiteboard up to being a post IPO company that has an earnings report every quarter of an audit committee. And if you understand like every step along that spectrum, it's easier to understand like where you are in that journey. And sometimes people still take like a biotech, for example. They still take companies public at a stage that reminds me of the way like Microsoft went public in the 90s or 80s, right? Like NVIDIA was a public company in, in the late 90s. A lot of people don't realize that because they didn't really become aware of NVIDIA until the last five years. But it was around. You could have traded in 1999, could have bought it in 2002. Nobody knew what it was, nobody cared, but it was there, right? And there were a lot of companies like that biotech, you still get companies that go out at 500 million or a billion, right? Like in the Bitcoin mining space, you have companies go out between 300 million and a couple billion. And now that some of them are worth more because they got into AI, but you're effectively still doing like late stage venture investing when you bought those stocks because there wasn't enough proof points and they weren't profitable, right? So you're, they were, they had a public ticker, but they weren't like big profitable public companies like Microsoft where like you're competing against every investor in the world because, because it's really easy to model their earnings and their revenue growth because there's so much information about it. So it was a lot harder to model like Iran's earnings or revenue 2-3 years ago because there wasn't very much information and you effectively needed to kind of do the work yourself. So I, I think AI is, is something that everybody should have in their portfolio. I think it's a 10 or 20 years things, which means that it could go down right, like the like the Internet stocks went down. Like at some point there will be, you know, a through of despair when probably post this IPO cycle, like opening eyes, probably going to try to beat Anthropic out at the end of this year. So open AI will go out and then Anthropic or in 1-2 or two, 1-2 like Italy, the switch, SpaceX will go out this year. There'll be a big IPO cycle and then they'll probably be a retrenchment. It might be 2027, right? And, and, and so then you'll get another chance like at the, whatever the through is in 2027 or 28, you'll get another chance to buy them and they'll go off for a few more years as the cycle continues, right? And so I, I think if, if you have a 10 year view, though, like the biggest mistake you can make, especially if you're young is over trading these stocks, like being in and out of them. Instead of just having a kind of 5 or 10 year on where AI is going, just like over the last five or ten years, you wanted to have a view on where Bitcoins going. Like I, I luckily formed my view when Bitcoin was between 1500 and 4000. And I never sold any. I never traded out of any. I just, I just have held because I had a view that it was going to 1,000,000 when it was trading between 1500 and 4000. And so yeah, there's been a lot of draw downs and a lot of ups and downs and a lot of narrative shifts. Right now it's quantum's going to kill it. But the right decision for me is just to hold the maximum amount of Bitcoin from that area to 1,000,000. And I'm willing to wait 10 more years if that's how long it takes. I'm not sure it'll take that long, but if it does, that's fine. And I think AI will be similar. It'll be much like the Internet. We're probably like for AI, like 98 or 99 Internet, where probably the steepest part of the euphoria for AI stocks this cycle hasn't happened yet. But when that steepest part happens, that's when you actually want to be more conservative and defensive. You want to take profits, trim into traditional value things outside of AI so that you don't take the full brunt of whatever that draw down is. And then you also want to be able to rebuy, right? So you want to be able to buy something back if you do trim. But I think if even if you did nothing and all you did was held like 5 or 10 good AI stocks for the next 10 years, you're going to beat most people who think that it's a bubble today, right? You're going to beat most of those people because, because even the bulls today are going to be wrong in the long run, even if they're maybe too exuberant in the short term in some ways. And that's the nuance here, right? Like it's all about, it's all about your time frame. If you have a if you're smart and you really want to make a lot of money in markets, you have to elongate your your time frame because you're never going to make like significant amounts of money, in particular on an after tax basis. If you're trading all the time. You look, if you want to go work at Millennium or or or Citadel or Renaissance or something, like maybe there's a job where you can make 10 million a year just programming high frequency trading boss or something, right. But like, assuming you're doing this as an individual investor, your best way of winning is to take a longer view in terms of time than anyone else in the market. Developed thesis that are 510 fifteen years in length. And then the only execution component is waiting to make most of your purchases when people are negative on that thing, right? And so having the the fortitude and the conviction to develop the view sort of in a vacuum that's independent of sentiment, independent pricing, decide that that is the correct view. And then from there, the only oscillations are sentiment and pricing. So sentiment is negative on Bitcoin now and pricing is good. So you buy it. If in a year from now, Bitcoin is 300,000, everybody's losing their mind and trying to buy it. Maybe you trim it a little bit, but same thing with AI, like sentiment on AI right now, it is is sort of in in the middle, right? It was probably getting a little euphoric in early November last year, and then it kind of sold off into the end of the year. And now it's it's sort of recovered a little bit in January. And so now it's sitting at somewhere like neutral. There's plenty of people that are bearish on AI and there are plenty of people that are bullish on it. But on that, there's no sort of math euphoria. And so maybe it's just a hold. You just hold whatever you have, but then if, if it goes completely euphoric later this year, maybe you trim it back down and, and wait for the next time it draws down and then and then again you buy the next time people don't like it and that's it. It's so simple. It's, it's, it's really simple when you say it, it's just really hard to execute because of course, when you're supposed to be buying the narrative and the noise on X is that the shit's going to go to 0. And when you're supposed to be selling, the narrative is just shit's going to go to Infinity like it was with silver. And yeah, I'll admit, if I wasn't, if I hadn't been doing this for 25 years, I could not have shorted 20 million of SLV. Last week. I actually had a moment where I thought, man, the 25 or 35 year old version of me would have covered this position. And I looked at it again and I re underwrote it again a couple times, right? And I looked at my positioning and I looked at how I'd put on that position and I was comfortable with it. And I decided I was going to be sticky and I was going to wait for the break. And then the break came and I covered and I followed my. My plan exactly, And I largely ignore it. I mean, I got a lot of hate, especially over the last week from people that are bullish, but that's actually a good signal when you're about to be right in in markets, it's usually because there's a lot of people positioned on the other side are about to be wrong. And so X is a really good barometer for that because you actually want these hysterical maniacs to be yelling at you, right? Like you want them to hate you if you want to make money if, if you care more about being liked than making money, you shouldn't be in markets because you're not going to be very good at it. I don't care about whether I'm liked. In fact, I, I actually need a certain percentage of people to dislike me because my returns would not be asymmetric if people agreed with me. Most of the time they're asymmetric in part because I, because my timeline is, is elongated and in part because I'm not afraid periodically to be not an extreme contrarian, but to be a reasonable contrary. And where I think I'm seeing something clearly. But for whatever reason, the market, because they're blinded by the extreme sentiment and inflection points. Like for example, MSTR in November of 2024, Like there weren't that many people banging the drum on how the exuberance had run too far at that time, particularly not Bitcoiners or people that were long Bitcoin. And there weren't that many people at least that I could tell that we're confident enough to short 20 million or more of SLV last week. But but that's because I didn't really care about how much aid I was getting. I only cared about whether it was the right decision. And I think the right decision right now is to add crypto risk. It's to add probably in the coming week metals risk, it's to add equities risk beyond the Mac 7, right? Like it's basically to beef up on anything that is likely to have a run when this period of time turns and I think it will turn.
Speaker 4: So what's, what's I got to know your top prediction for Britain for Bitcoin in the long term? You, you just talked about $1,000,000. Are you in the $21 million club or higher than that? What what's What's your long term view on Bitcoin?
Speaker 1: I just think it the numbers get kind of crazy and and I think it the issue is that most people can't think in exponentials at all, right? Like like if you, if you told people that Microsoft or let's go back Amazon, like if you told Amazon in March of 2020, 2003 or December of, of 2002 that it was going to go up as much as it's gone up, like people would say you're crazy. Like if you told them that NVIDIA was going to go up like 5000 acts or something like a like a like an early stage venture investment from the lows duringthe.com bubble, like people would have said, you're crazy. And so I think I, I think it's sort of like a waste of time to even make those types of predictions because even the VCs like A16Z and Sequoia, when they do a seed stage round, they don't model. I mean, they look, they, they model the terminal market size and they say, well, this could be right. This could be $100 billion, a trillion dollar companies could be hyperscaler, etcetera. They don't think every single one of them is going to be hyperscaler, obviously. But in a in a given fund ventures, they're trying to have enough at bats at companies that could be like that. And I think what's interesting about about Bitcoin is unlike a company, the odds of an outright failure are, are much lower, right, because companies can fail for a lot of different reasons. They can mess up the balance sheet, right? There could be fraud, there could be products that become obsolete, there could be competitive pressures, etcetera. Bitcoin doesn't have the all of the same risk factors, right? And and at least in the competition realm, which is probably the most relevant as so right now, there's nothing in digital assets that looks anything like Bitcoin in terms of the structure, right? Like no pre mine, no living founder that, that like we can point to with certainty, right? The the path dependency of having launched when there was no VC interest in the space. The the proof of work component which requires large amounts of energy, which makes it much harder for AI to hack it, unlike most of the other protocols which are probably easier to take control of if AI get powerful enough, for example. And so like that. That's an example of something where there's really no off switch. Then the only theoretical limitation is how many dollars are printed between now and and and the terminal value. And then the only other question is whether the dollar still matters is the unit of account, because in a long enough arc of time with a long enough time horizon, the dollar may no longer be the thing you're pricing Bitcoin in. You may, you may reverse that and say, well, what, what are we, what are we pricing Bitcoin in the real world as like, can I buy this $20 million mansion in, in my city with a Bitcoin in 25 years? Or will we even like measure it that way where it's really not whether I'm going to be able to pay 25,000,000, but more, How many Bitcoin do you need to do that? Because we start pricing everything into real world things. And so I, I look, I don't, I don't think you need to know the answer to that. I think the important thing is to ask yourself whether at the current price, you think the optionality value effectively the range of outcomes that theoretically could happen over the next 20 years fairly is reflected in the current price. And I would argue it isn't because I think the odds of in our reasonable lifetime, like the next 10/15/20 years, the odds of $1,000,000 Bitcoin are extremely high. I think the market today is pricing it in the single digits and I would price it above 90%. And that's a sort of highly divergent and contrarian view relative to the market. And that's what creates the asymmetry, because I don't understand how you stop it from doing that over 10 or 15 years, because I think they're going to keep printing dollars. And I think because of stablecoin proliferation, the dollar will continue to be the most dominant government issued currency. And so if that's the case, then we'll probably still price Bitcoin in dollars. And I also don't see, given the fact that we have a Republican in the US right now who's about to run larger deficits than the Democrats could have gotten away with running, where there's going to be anything stopping that train? Like what's going to stop the train of constant deficits, debt, money printing, debates and etcetera? Like there's no stop to that. Nothing in the political process we have today in the US nor in any other country, which by the way, they're all linked. It's a, it's a broader Fiat superstructure that's all linked together. Like when the, when the Japanese central bank has an issue, the US central bank has an issue, right? Like the, the US Treasury has an issue, like they're all linked together. And so there's, there's no way for anyone to get off the train, right? And so like, it's just, it's just going to continue and Bitcoin is just going to continue to make blocks because there's nothing that can stop that either. So to me, it's a virtual inevitability and it's only a question of when. And because of that, I don't, I don't really care. Like I can make fantastical predictions like 20 million or 100 million or whatever, but I think it's more reasonable to just look at what's likely to happen in the next 10 years. And because I think what happens is when people think about those really far out things, they actually like paralyzes them instead of pushing them to act, they go, oh, that's too crazy. That's not going to happen. I'm not going to buy any. And I think what's more helpful is to think about reasonable outcomes in the near term and use that to build a strategy that allows you to win no matter how high it goes, right. And for me, that strategies buy as much as I could at the lowest possible prices and then only be adding strategically at higher prices when I think we're sort of diverging significantly from whatever the value is at that time. And I think like if we go a lot lower from here, I'm going to be buying, but I don't think it will because I think we're already trading below where it should be. And some of that's linked to the energy costs for for developing a Bitcoin. Some of that is, is linked to relative value, like where I think Bitcoin should be trading relative to metals, where I think it should be trading relative to equities, where I think it should be trading relative to bond yields, etcetera. And, and I think in the long run, the dollar is going to continue to base at a rate that sort of organically helps Bitcoin go higher, sort of like reverse gravity. Like it's foolish in, in physics to, to root against gravity because I, I don't think on this planet outside of right, like some sort of simulated environment that you can buck that physical force in the universe. And I actually don't think shorting Bitcoin, Bitcoin shorting Bitcoin is effectively like a guaranteed negative carry because you're betting against gravity. Effectively, like your bet, it's reverse gravity, but you're betting against something that's likely to go up basically just systematically because there's nothing on either side that can change that trajectory. Like there's no stopping the train a Fiat, the basement, and there's no stopping the train of new Bitcoin blocks. And if you understand both of those things deeply, then there's no way to get to a point where you can imagine a world where there isn't eventually, in a reasonable time frame, $1,000,000 per coin Bitcoin.
Speaker 4: Do does Bitcoin get to that point? And Mike, we appreciate your time brother. I know you I know it's Sunday night. So appreciate you man and and make sure you guys are giving Mike a follow as well and smacking no DS on because you know, we do really appreciate when people bring the knowledge and bring some facts. You know, he knows a thing or two about trading. So a lot of people look up to you Mike. So it's, it's cool to hear it from you first hand. And, and if we get on Brian Johnson's Live Forever plan, we'll get to see Bitcoin hit that 10 million, $100 million point, I'm sure when we're 150 years old as well. But why aren't the banks buying Bitcoin right now? Or are they? I mean, I thought we they're buying gold.
Speaker 1: Talked about this before, but like there's no, there's no incentive for the banks to do that. I mean, the, the big commercial banks, for example, in the US are effectively there to do the feds bidding in terms of creating a money supply, right? And and to allow the entire sort of banking and monetary system to work in the US and they want to take their spread from all those activities. And the problem with stable coins and the problem with Bitcoin is, is to the extent which the US government adopts some of those things, it's sort of disintermediates the commercial banking sector and makes them less relevant and less able to, to, to charge sort of a rent on the system for doing what they do. And so I, I don't see any reason why, like if I was a bank, I would say that I was doing it because I wouldn't want any of my customers or partners. I want to think I was an idiot and just ignoring it. And but I, but I would largely do it to study it to see if there's anything we can do to stop it or kill it or, or sort of take it inside of our walls and, and use it to secure our relevancy into the future. But there's no immediate need for them or desire for them to do that. They're fighting against stable coin yields. They're fighting against stable coin proliferation. A lot of the tension between Trump and the banking sector and Jamie Dimon, etcetera. It's partially because the Trump's were largely debanked and put under pressure with the bank. This is what it's also because Trump and Besant and Lutnick are pro stable coins and they're not dumb. It's actually rational for them to push the proliferation of stable coins because we need to develop alternative demand for the purchase of of treasuries in the long run. If we're going to consistently piss off not only allies, but but enemies in many cases who who have historically bought treasuries, which effectively lowers our cost of capital to operate our military and operate our services here, etcetera. Like we need them to do that to, to subsidize government operations. And if they don't do it, we need stable coins. Now, stable coins are very small today, but the banks aren't dumb and they understand that if stable coins become big, and particularly if the, if the, if the US government, the Treasury and the Fed developed some sort of CBDC, that would not only is it possibly problematic for individuals in terms of consumer productions, it's also problematic for the banks who once again, may not be as necessary in terms of the, the Treasury and the Fed in terms of them needing to do what they do right. Like they, they maybe come off the lead effectively because if they can issue their own stablecoin on a Ledger they control, they don't need the banks as much. You may still need credit, but I think it, it sort of disintermediates the banks enough that it, it calls into question whether they'll still be quite as valuable as businesses and, and quite as profitable. So that, that's why I, I don't expect them to do that. I think Bitcoin will continue to be adopted by people who have an incentive to do so. And whether the people hate it like it or not, like there's plenty of people around the world who have that incentive. And so contrary to what Peter Schiff said when he was in here, like the price every three to five years is just going to continue to be higher. You have to look at the five, three to five year rolling returns, right? Because if you choose any arbitrary starting point, you can show that bitcoins either performed amazingly well or you can show that it's performed amazingly terribly. But right now we're just sort of we're sort of at the low end of historical performance. And if Bitcoin goes to 2 or 300,000 in the next two years, we'll be back at sort of the high end of historical annualized performance looking back three or five years. And again, this a lot of people are just missing the nuance on a lot of this stuff. So they listen to one person like Peter Schiff say, well, Michael Saylor hasn't made any money buying Bitcoin. And it's like that isn't that is not even like 1% of the story. Michael Saylor's decision was incredibly rational and has increased the shareholder value from MSTR shareholders dramatically and made his his net worth go up and his equity value go up. And the story's not over yet. Because I would argue that if you control 700,000 Bitcoin today, you're probably going to be significantly wealthier in three to five to seven years, and there'll be no one else who will be able to catch you. And someone might argue there's no reason to catch them because Bitcoin's worthless. But again, now we're just back to the circular argument. If you don't like Bitcoin, you don't understand it because you're not capable of understanding or you're paid not to understand it or you're not incentivized to understand it like a bank, then it's fine. But like if you're actually smart and and deep in thinking and you're willing to do the work, if you actually spend a few years, because that's how long it takes, I would say 2-3, four years of study where you're studying it like nearly every day. Like if you do that, it's really hard at the end of the process to get to a point where you hate Bitcoin. You may still have ideological concerns about because you may love your Fiat overlords. Like you may worship the president or worship the US government and think that the government should always take care of you. And you may have those types of caucus type of views. But if you don't have those views, you understand what what Bitcoin is, then you're just going to be like, of course, this is great for humanity. It's great for human flourishing. It's great for the the disenfranchised, It's great for the poor, It's great for people crossing borders. It's great for refugees, it's great for people that live under oppressive regimes where the government routinely goes into hyperinflation because the people there are are criminals and they have Swiss bank accounts and they're stealing the money from the citizens. And there are tremendous real world reasons the whole Bitcoin. But usually when you have these donkeys coming in the space and saying they don't like Bitcoin, it's because they think Bitcoin is the QQQ. They say, look, it's correlated with the NASDAQ for the last year. It's definitely just a levered QQQ. And you're like, what the fuck are you? Like shut the hell up and go keep losing money. Like it's such a dumb opinion, right? The, the Bitcoin is not a levered QQQ, right? It's, it's, it's not something that's only used by, by terrorists and money launderers and pornographers. Actually, the US dollar in particular, the $100 bill is the favored tool for, for most criminal elements around the world. It, it has been for a long time and will continue to be for a long time. I continue to use $100 bills because I get utility from it. And I don't care that some bad person uses $100 bills. But for whatever reason, with Bitcoin, it's like a, it's like a reverse religion, negative ideology where it's like, well, these criminals are all using it and.
Speaker 2: It's.
Speaker 1: Bad people who are using it and it's like God, like take your, your 2016 or 2018 talking point home with you because it's not useful here, right? Like we, we've moved on. We're, we're all adults. So anyway, I, I'm bullish on short, Long story short, Bitcoins going a lot higher. It doesn't matter whether the banks like it. It doesn't matter which governments like it. The game theory of it will require almost everybody to hold it within the next 10 years. People who don't hold it will be like the people who didn't buy Internet stocks 15 or 20 years ago. They'll be significantly poorer than the people who do. And it's sort of for some people a life and death decision because your life will be much better if you denominate your asset base and things that go up in value, right? The wealthy people own assets. Poor people love liabilities. And Bitcoin in my view, is one of the best assets. So if you don't, if you don't buy one of the best assets and you're not as rich as somebody who did buy one of the best assets in 10 years, don't come crying to me. Don't come complaining to me that I didn't tell you. I told you you were going to end up poorer and I told you I was just going to get wealthier and I, and I'm just going to go do it. And, and then you can wind to me in 10 years if you want. But don't say that I didn't warn you because I did warn you. I warned you repeatedly that if you don't buy Bitcoin and you don't buy the best AI stocks and you don't hold them for 10 years, you're going to be a lot poorer than somebody who did. And yeah, there'll be some government policy to try to make your life better when you're poor to like wipe your butt and make sure you don't starve. But there's not going to be a government policy that's going to allow you to live the life same lifestyle as somebody who owns Bitcoin. Because the great thing about Bitcoin doesn't require government policy at all to use. In fact, it's one of the only assets in the world, doesn't require a counterparty at all. You can actually effectively hold it yourself. It's not even like a piece of real estate where eminent domain could take it away from you or the government could seize it, or they could raise your, they could triple your property taxes and to make it impossible for you to hold it. Bitcoin is the only asset that doesn't have any government connection point at all if you keep it on a hardware wallet. So I'll pause there. But like, there's just a lot of, I'll just say at a high level, there's a tremendous amount of idiocy on this platform. Some of it comes from crypto Bros who are degenerating like shitty stupid coins and don't understand because they've never had a downturn in their lifetime because they started trading during COVID, right? Like there's a spectrum of people here. There's people like that. And then there's 4050 sixty year old men tried by guys who come in here have no fucking idea what they're talking about with Bitcoin or AI spouting off and pontificating about stuff like like they're the dudes that said the Internet was going to fail 25 years ago. And then there's every range of people along that spectrum. And all I tell you is you got to be really careful like what you consume because they think it's a lot like junk food. Like you think you can eat junk food when you're in your 20s and maybe you don't get fat and you don't get sick, but if you keep eating junk food and you have 4 kids and you get married, you're going to gain 50 lbs, you're going to get diabetes, and you might die 20 or 30 years younger. The same thing happens in market. If you consume this absolute trash from either crypto influencers or trad fibros who don't understand Bitcoin, crypto or AI on both sides, you're going to lose money relative to a deeply nuanced view that allows you to understand the full spectrum of the opportunity set investing and accurately assess what is most valuable and where where the most value is in the market any given point in time. And I would argue it's the people on both ends of the spectrum I just mentioned that are the most hazardous to wealth. It's people like Peter Schiff that have zero track record of actually making investors money over 20 years on one end. And there's people like these crypto influencers who are encouraging leverage trading and meme stocks right before they crash on, you know, 95% and they get robbed. Both of them are I, I would argue they're both bad. At least with the meme stocks. If you're 25, you might actually make money. If you invest like Peter Schiff over 20 years, you're guaranteed that basically have a flat return. And so I would argue if you, if you do that in your 20s, you're not that much better off than somebody at least took a swing. But I just be really careful. As they said, there's just a lot of idiots. There are a lot of buffoons. There are a lot of people don't know what they're talking about. There are a lot of people that haven't actually built anything. They never started or run a company. They've never sold a company. They never sat on a board. They've never run their own hedge fund. They've never sat on a public board. They don't actually have any idea like what's actually happening inside of these companies. But yet they spout off in these spaces as if because they traded A ticker yesterday, right? Like they spout off as if they know something about investing. And those most of them are actually costing investors a lot of money. And I get it's entertainment if, if people are able to eat, you know, cotton candy and, and, and popcorn and, and not gain 50 lbs, that's fine. But a lot of the stuff on here is effectively like the cotton candy and popcorn of social media where popcorn is even the worse, right? It's, it's all the, the, the shit that people are consuming that's actually causing them to get sick. And in markets, there's just a lot of noise on XA lot of trading, a lot of chart squiggles, a lot of kid analysts that are 24 years old with no experience, like saying to sell stock or sell Bitcoin or whatever and or buy silver at the peak, you know, blah, blah, blah, blah. Just one thing after another. So I'd encourage people to be really thoughtful. Remember that you're doing this for your kids and your family and your future. And it's not a game. If you want to, if you want to have entertainment, go turn on Netflix, right? But if you actually want to learn how to invest, you need to actually talk to real professional investors who have posted significant returns, right? Not people like Peter Schiff, who hasn't made money for his investors in 20 years and has been sued and had all kinds of customer complaints over the last 20 years because he's lost people so much money. So let me leave it at that, guy. Thanks, Bark. Thanks for having me, man. Appreciate your spaces. It was a great 1 today. It was great to have Shifty in here and keep up the good work.
Speaker 4: Yo, Mike, we appreciate you. Have a great rest of your weekend. We're drinking some red wine tonight to celebrate. You know, you taught us that, so you know it's a daily thing now I.
Speaker 1: Guess when I'm opening tomorrow, I'm opening some Petrus because we had the kids all weekend. I've taken my wife out for a one-on-one dinner. We have a babysitter tomorrow so we're going to open some some Petrus. And I'm pretty excited about that because I didn't think I liked Petrus that much. And then I had a bottle for New Year's this year and it was fucking fantastic. It was.
Speaker 5: Just it was so.
Speaker 1: Good. Yeah. And if I bought it at the restaurant, it'd be like 12,000, but I found it from a broker for four so. So 4000 smaller bottle of wine. But you know what? Life is short and I don't want to die without drinking more Patrice. So that's what I'm going to do. I'm going to drink more Patrice, but enjoy.
Speaker 4: Your that's why you invest so you can have Patrice guys.
Speaker 1: Yeah, or whatever you want. It doesn't. Look, I, I've been driving the same Ford F-150 truck for 13 or 14 years. And like most people who are in my position have bought like four or five sports cars in that window of time. And I just, I just don't care about that. I'd rather have a nice bottle of wine with friends or like a nice vacation with my family than buy sports cars. And some people think wine is frivolous, but look, I've, I've developed more friendships and gotten closer with more family members and whatnot who I wouldn't have been as close with by just opening a nice bottle of wine. And for me, that that's actually more valuable than a than than some material gun, right? Like the value of a great conversation and a memorable moment with people you care about is the, is the one of one NFT that everybody secretly wanted. They bought NFTS on Etherium because they forgot that what matters is the time you spend touching grass with the people you really do love in the real world. And wine to me is just a device. It's just one of many devices you can use to create a special moment. It's not a required device, but I found it to be additive if used correctly. So anyway, enjoy your wine, enjoy the rest of space. Thanks guys. Let's see if we get a a bounce and risk assets over the next week or two, but I think it's coming.
Speaker 4: I'm feeling bullish, Mike. I'm feeling bullish. We appreciate you. Have a great rest of your weekend. And guys, you never know what's going to happen in these spaces. You never know who's going to pull up. And what a cool moment that was, the gold and silver hero, the LeBron James of gold and silver versus some would say the LeBron James of Bitcoin. You know, so that was a pretty cool match up there. And yeah, you never know, man. You know, this is this is what Twitter and X is all about. It's about having cool conversations and bringing together the smartest people in the world. And that's what you don't find on YouTube and TikTok and Fox News and these things, you know, X is where experts and leaders and CEOs and, and world leaders can communicate directly. So very cool. And dude, shout out to Elon Musk for providing this town square opportunity and the right to, you know, talk about the things that we're passionate about and the things we care about South. And investing is important. You know, investing is the difference between you falling behind on inflation and you falling behind on, you know, a changing world, a changing world in a volatile world. Investing allows you to, you know, scale with, you know, the, the, the rate that you need to scale in order to stay ahead and especially not fall behind, you know, because most people are falling behind. So how do you escape that? You have to invest, You know, my next question, we'll save it for next time, was how many investors are actually successful? And I think that most people that attempt it are not successful. And I think most people that attempt to invest are not successful in the long run. I think they just, you know, they just, you know, they're not coming from a place of education. They're coming from a place of impatience. So, you know, it's cool to have people up like that, you know, that have done some big. I mean, he's talking about a $20 million short on silver. Yeah, that was a couple days ago. And that's just that's the next level. That's a next level move. Like you listen when someone is trading with that size, what's that fire?
Speaker 5: I said I'm suddenly not feeling so hopeless.
Speaker 4: Yeah, I ain't going to lie, yo, he came in right when we needed him. Yo, Peter and him up here, 2 Titans bark just battling it out. And I think, yo, Mike made some good. Oh, the face of finance. Yeah, the face of finance. These faces are the face of finance. I mean, look, this was said two weeks ago. This was said a month ago. The face of finance. People said you can't do that. And guess what we did? It's the town square finance. It's the boxing ring of finance. I would love to get Peter Schiff and Michael Saylor up here. Wouldn't you? You know, you you need a Peter Schiff. You need a Peter Schiff in the world. You do, you know, you need someone like that. You know, Gary Gensler used to be the the guy that everybody fought and it was fun. You know, he was kind of the common, he, he was a common opponent. So Peter Schiff is great for crypto. He's he's a great character for crypto because he is the antithesis of crypto and the antithesis of Bitcoin. So it's funny and you know, sometimes, like right now, gold is outperforming Bitcoin, so you know, and at least in the short term, the six month term. So it's cool to see that and it's cool to see, you know, it's cool to see them go back and forth because I love it, dude. That's that's really what X is about. It's ultimately it's information, but also it's hilarious. This app is is legitimately hilarious. There's so many funny things on here and there's always a good laugh. So some of these posts, man, about what's going on right now in the world are crazy. And you know, this is a financial space. We do talk about finances, investing, but primarily we talk about what's going on in the world. So every day we do these at 5:00 PM and 10:00 AM Eastern, but we also have these spaces going 24/7. So we're going to get that link pinned up to the top and you can tap in. We have tons of hosts that are continuing the show and hosting around the clock. But yeah, it's a great opportunity to just hang out in the community. So and and and network and grow. Make sure you're following the host and the Co hosts by the way, you know, and the, and the stage while you're at it, just so that you don't miss another show. And you never know who might just roll in here. We've got a lot of great guests on the show this year and in the past few years and also super, you know, connected around the world in entertainment and politics. You know, we're out here really boots on the ground getting great information and fast information. So yeah, that's it, man. It's been an interesting weekend. It's a Sunday night. We're getting ready to go into the next week. Future's opened up great. Quick correction right now. I'm watching it, you know, so we're going to keep an eye on it as well for gold and silver. I'm expecting some pretty intense volatility tonight and going into tomorrow, but we really won't know until tomorrow. This is futures. It's a smaller, smaller market. And in China and India, we're seeing that gold and silver are still trading for ridiculous premiums. We got Auntie up here. Auntie I, I was going to hit you with a question for him. I'm not sure if you still had a a point to add though.
Speaker 1: Yeah man, I did have a question for him, but we'll get it next time. You have the best guess honestly. I.
Speaker 2: Know.
Speaker 1: It's kind of something that sometimes you laugh about saying that you have one of the best, you know, financial discussions in the space. But to be real, there's a lot of hungry people out here and there's a lot of people that want to learn. So maybe, you know, even though we don't have 550, you know, actual financial investors in the space, there's a lot of people that want to learn and those are the people that this will affect the most.
Speaker 6: So.
Speaker 1: I'll ask the question.
Speaker 6: Next.
Speaker 1: Time I'm trying to get the kids to bed.
Speaker 3: You know how it goes.
Speaker 4: Oh for sure yo take care of it yo family 1st. And that's why we do a lot. That's why we do what we do. You know, we do what we do. We do it to to learn to provide and provide for our our friends, provide for our family, you know, help guide people, educate people. If you truly care about the people around you, you can't allow them to fail without trying. You know, to to not give them good information and to not guide them in the right direction. Is, you know, is it's a responsibility that you have. So now, if they decide not to listen after repeated attempts, you know, depending on how much you love them, from there, you can decide how how long until you give up. But you know, if it's someone you really care about, you should definitely encourage them to, you know, to learn more and make sure you're educated yourself. But that's why we do it. You know, you want to bring up the people around you. And that's why we have this community here on X and we do these spaces everyday, these cartoon pictures that you see of these dogs. This is how you tap in with the network. You know, this is built, this community is here because as a whole, we all want to succeed and as a whole, we all want to grow financially and we want to obtain quality assets and just and be successful, right? Whether it's entrepreneurship, investing, whatever. So if you're new around here, make sure you tap in and and definitely stay around so you can learn more and meet more people. There's a lot of great people here as well that would love to help you and would also love to, you know, speak with you. So there's, there's other spaces at night because I know in the request, there's at one point we had 800 people in the request tonight. I've never seen that in my life. It was insane. 800 people in the request. So there's there's other spaces that are going around all day with 50 people, 20 people. So if you're new, definitely go in there and, and, and voice some of your ideas because we love to hear from new people. So this is meant for for anyone, you know, that's really, that's the type of investing that we like. We don't believe in the gatekeeping and we don't believe in the tough stuff and the weird. You know, we, we do practical things. So we invest in practical stuff, precious metals, crypto, very simple, it's very simple stuff. So a lot of these people in the community would love to, to chat with you, to help with you, you know, help you. So plus it's good to have a accountability network. But you know, the, the main thing is, is that we want to stay educated on what's going on in the world and in the world right now, you're seeing some pretty crazy stuff happen. You know, the FCN files just dropped 3.5 million follow up 3.93 point, 5 million files. It's hard to even say 22 per minute. He was averaging, he was putting up buckets, 22 per minute. And, you know, it has a lot of stuff in there, man. It talks about rigging the markets. It talks about how the banking system is a scam. You know, there's an interview of Jeffrey Epstein saying that the banking system is a complete scam. He breaks down fractional reserve banking on video. Like he's a college professor. Like this guy wasn't just some, you know, if he wasn't just some weird guy behind the, the GameStop, just like what, you know, just hanging out in the back of a GameStop. Just some weirdo. Yeah, he's not just some weirdo. He, he is a weirdo. But this guy was tapped, tapped into a lot of stuff. You know, he was ultimately connected. So instead of just being angry at him and just being angry all the time, you should just look into it from a educational perspective. Remove your hate and anger and try to and not just try but to make sense of everything and how it's all connected. Because within these files it is a lot of truth that is no longer just on 4 Chan forms and out on niche areas of the Internet. A lot of the stuff that you see here in these files are now confirmed. These are these were conspiracy theories a year ago, three years ago, and they're now being confirmed by the US government as real things. And Bitcoin is in there, the banking system is in there, fraud is in there. He see there's interviews of of Jeffrey Epstein saying they're shorting shipping futures. I didn't even know there was shipping future shipping futures. They were shorting the market on these crazy on these crazy things and then rigging, you know, rigging what was happening in the news and rigging what was going on. Like they were just playing with the chess pieces, bro. And it's all confirmed. So this is happening. It's a real thing. What does that mean for you and your your investments? Well, I think it, I think it means that nothing is off the table anymore. So all these crazy theories that you hear about the world and what is going on in the world, you know, they're worth investigating. They could potentially have some validity. Now, you don't need to become a conspiracy theorist, but you know, if something is labeled as a conspiracy theory, it is usually labeled that by the the group it is conspiring against. And that is why it's a conspiracy theory. They're just putting up some defense around it. That's what that's what's labeled A conspiracy theory. There's defense around the theory because if it wasn't true, nobody would care. It wouldn't be a conspiracy theory. So, you know, these are the kind of things that you need to pay attention to. So of course, you know, we're breaking that down. We're looking at that. We're watching futures for the next week. We're watching crypto prices. I mean, some people are calling for the bottom. It it doesn't feel like a bottom yet to me. It just doesn't. You know, what's another beating who feels like another punch is coming, who feels like another couple punches are coming? I mean, dude, come on, bring it on. At this point I'm numb. Just fucking let's get it over with, you know what I mean?
Speaker 6: End it now just a.
Speaker 3: Matter of time.
Speaker 4: You got to get it.
Speaker 5: Over there feels like it's like 3.
Speaker 4: So, yeah, so you know, in the movie Shrek, one of The Archers shoots at a bow, a crossbow, and it hits it hits Shrek in his butt and he they just have to get the arrow out and he doesn't want to do it, but you just have to pull it out. So you know what it is, dude, just it's the same thing here with what is going on with Crypto. Just get it over with. Come on, just just bring it on. Just pull the arrow. Just get it over with. Give it over, get it over with. Guys, Let's just focus here, you know, let's get it over with. Let's get a generational buying opportunity. Send Bitcoin to 40,060 thousand 70,000. If Bitcoin gets to 60,000 it may be achievable for you to hit point 1.2. I don't know, depending on how DJN you are mate, you might be able to grab a whole Bitcoin. You might be able to full port. Maybe you're sitting on some Pokémon cards and it's time to grow up, Buttercup. Actually, I can't even, I really can't even talk poorly about Pokémon. It's been outperforming everything. Now, not all of it. There's a couple people that are doing it, but most people are just looking for an excuse to to run through Costco. Most people are not truly investing. They're just addicted to a cartoon. As an adult. Think about that for a second. All right, now, look, doesn't make it wrong, but it doesn't make it right. Yeah, there's a lot going on in the world, and you need to know what you should be doing with your money. And it's very clear that simply holding cash is not a feasible answer. The dollar has lost 10% of its value this year. So if you make $100,000 a year, you now need to be making 110 to have the same purchasing power. And I most people have not done that. It's January. So the dollars lost 10% in January. Most people have not gotten a 10% raise to counteract that. So that's how inflation works. But inflation is invisible. Inflation is an invisible tax. So when the government is printing, you don't get a notification, you don't get a letter in the mail. You're, you don't do TurboTax. When the government starts printing money, you, you really have no idea. You know, now you could, you could track it, you know, but nobody's tracking it. There's AUS debt clock where they literally show you. Nobody's looking at that. I mean, these are just numbers. You can't even fathom. It looks like a pinball high score. There's, there's 100 zeros. You just see, you'll see a, a line on the debt calculator. It's just debt per citizen. It's like fucking 15 zeros. What am I looking at here? Debt per citizen, U.S. debt, it's going up. It's literally going up like millions of dollars every second. But how are they even spending that much money? What could they possibly be buying? I mean, what costs $1,000,000 a second? I mean legitimately, how could it even? How could it cost $1,000,000 a second?
Speaker 5: Well, a lot of it is like social programs. Obviously that happened like every single year that a lot of people take advantage of. And then there's also like the military spending, which is just constant, right? You know, every time they move a ship from point A to point B, you know, they're burning a couple $1,000,000 moving in across the ocean. So like those are things like that that are constantly going on that are involved with our our government that need to be funded and these things need to be spent on. So in order for that to reverse though, it's not going to happen from taxes, it's going to happen from carving out a lot of this waste and a lot of the extra spending that we see on things that we don't necessarily.
Speaker 4: Yeah, they ain't doing that, buddy. They ain't doing that. So they're siphoning the money out of the United States. They've never, you know, you're asking are they going to slow down the waste and the fraud? Dude, buddy, they've never been going faster. They're figuring out how they can maybe open up a couple more furnaces to shovel money into 'cause that's literally what it is. I mean, I, I, I today I just saw another multibillion dollar. I mean, dude, we're buying planes for other countries. We just bought $90 billion worth of planes for another country.
Speaker 5: Yeah, the world is our sugar.
Speaker 4: Yeah, meanwhile, meanwhile, meanwhile, you want to take your family out to go bowling, Guys, bowling is now a $300 activity. OK, it's a $300 activity and you're going to feel like shit. You're going to eat a $2.00. You're going to eat, you're going to eat a, a frozen pizza and flat beer for $300. I mean, you guys know what's going on. This is not natural. It's not normal. And yeah, we're sending billions of dollars to foreign countries. So, you know, the, the, the taxpayer has a question. The taxpayer has a right to question what is going on with their dollar and the taxpayer has a right to question the direction and the direction of this country. You as a taxpayer need to know half your money is being sent so that, you know, people can run a, the government can run a, an Epstein's ring. Like that's where your money is going. You know, they just said, they just said no one is going to be convicted in the Epstein file. Deputy Attorney General Todd Blanche signals there will be no new charges around the investigation of Jeffrey Epstein. Yeah, they're done investigating guilt. They're the, in September 25, Cash Patau. Nobody's guilty, guys. Yeah, Cash Patau was guilty. Cash Patau came out and said like, there's no, there's no reason for me to think that any kids were being trafficked.
Speaker 6: And.
Speaker 4: He had in for he had all the 3.5 million files that we have today.
Speaker 6: It's kind of alarming.
Speaker 4: Yeah, I know. So. So look, you guys are paying. So the government is not, they're not arresting anybody. They're not investigating anybody. They're done. They're closing the book and nothing happened and you still want to give them tax money? I mean, you're seeing every, you're seeing Bill Gates, dude. Did you did you guys see what happened with Bill Gates? I mean, legitimate. I almost don't even want to say it.
Speaker 6: With the.
Speaker 5: Wool antibiotic.
Speaker 4: Yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah. I don't even want to say it, guys. It's actually, it actually is just the craziest thing you've ever heard. And once you realize that this is who is, this is who you're paying your taxes to, you're paying half your money for this stuff. I mean, at a certain point, you just start losing faith in the system so much that guys, these are, these are moments that the whole world sees, right? It's called losing faith in the system. There's a there's a level of, of belief in a system, trust and, and people look at the world and determine, you know, do they feel that we're going in the right direction? If there's times in history where the where that is really hot, patriotism is hot, nationalism is high and people are generally optimistic about the future. OK. And there's times in history where it is not those things. And that is what is going on right now. You look at the government and you know that literally nothing that you're seeing and hearing is real, and they're putting out these files that confirm it. I just believe that the general public will not get beyond surface level of these files. They will never go one layer deep, you know, And that's where the that's where the information actually is. You know, that's where the information is. You got something wrong. Oh, sorry. Oh, you're good. Yeah. So that's where the information truly is. It's layers deep. Most people won't go down there because it's a lot, not only a lot to handle, a lot to go through. But this is going to tell you what's going on in the world. And honestly, I couldn't be more bearish. I couldn't be more bearish. This government may, it's toast. It has to come. You know, everything has to go through this, this cycle, right? And we're getting towards the end of a very long cycle, right? Ray Dalio points it out as a stage 5 going into a stage 6, which is a breaking down of the monetary order. So, you know, at some point the, the money printing is too out of control. Everything's out of control. Inflation is out of control. We're going to, we're going to, we're going to have to get back on the gold standard at some point. We're going to need some sort of new reserve currency. Maybe it's a CBDC, maybe it's a, you know, maybe it's gold, maybe it's tokenized gold. We don't know what. I doubt it. I, I bet it'll be a CBDC because then they can start them. They can start the scam from the beginning again. You know, they, they, they can start a brand new currency, They can fix the tokenomics, they can bundle it 99.99999% or they won't even need to bundle it because it's not a fixed supply. They'll just keep printing it. I don't even think that the public will have record to be or have the ability to audit. I don't think the public will have a record. You can't audit Fort Knox. So yeah, what's up, Fire?
Speaker 5: So do you think that this is something I've been really questioning myself a lot lately? Do you think that Trump is in over his head or do you think that he knew all of this was going to be stages to what needed?
Speaker 4: To Trump is Trump is Brad Pitt and he's so good at what he does. I mean, honestly, I, I love the guy. He's in, he is, he is one of the greatest, you know, he, but he's Brad Pitt, you know, So when people say Trump is raising inflation or Trump is doing this or Trump is doing that, I don't think Trump is doing very much of that at all. I think Trump is a Trump is a figurehead, A spokesperson for the American government. But clearly the government is, is ran by a, a, a group of people who are not in view of the general public. If you have not figured that out at this point, that the US government is not being run by the group of people that are in front of you. They're being run by people that are completely outside of the public's view and requires an intense focus to understand because it is not obvious. And the answer is highly concealed. So, you know, but the FCN files are great because it's, there's some good stuff in there. You should go check it out. You know, I think that would answer a lot of these questions and show potentially where these decisions are coming from. Because once you learn that the, you know, the US government is not truly, you know, it's not even Americans in there, you know, really making the decisions. Once you learn that you you'll realize that they have very little empathy for citizens of the United States. How could you be empathetic to your own citizens if they were not even your citizens? You know, if you are controlling a country across the world and you didn't see anything, you weren't there, you weren't on the ground, you didn't see what's going on. Like would you be empathetic or would you not have empathy because it's through a screen, right? It's the same way people are less empathetic on the Internet. You know, they're less. If you can't see what your actions are doing, you won't have as much of a feeling associated. So the people that are running the country, the US, the United States, do not feel empathetic to the citizens and that it's in the in the decline and it's being proven because we're buying jets and we're doing all these things and nobody's getting charged with this stuff. So it just tells me that the direction has never been clearer and that the train is going in a single direction. You know, it's headed in One Direction. Will it go fast? Will it go slow? That is to be determined. That will change. But what direction is it going? It's going in One Direction, so you just have to prepare for that. That's why you need assets. That's why we like crypto. You can take assets anywhere in the world with you when you need them. We also like gold and silver because in the event where the world is ending and you have two seconds to get out the door, you grab some silver. You can just get on that last boat, get on that last flight, get on that last. Who knows what if the dollar has collapsed, but you still have some pieces of gold that will be the most likely unit of money. The most likely unit of money to be used is gold. But because the value of gold is so high, maybe that's where silver comes in. Really silver plays more of that, you know, silver plays more of that that, that role of money. You know, gold is too the, the price is too high, it's getting too small, you know, so, but I do like silver for that Copper as well could play a role if these prices get out of control. Copper could also be a great unit of, you know, of money, $5 copper pieces, $10 copper pieces. I mean, dude, who knows? The nickel might be worth 5 bucks one day. the United States nickel right now has seven point. What is it, 7.4 or seven? Yeah, 7.4 cents worth of precious metal. Or what is it, 7.8? I think it's 7.8. It's like a 44%, you know, arbitrage one US nickel, it's worth $0.05, you know, always as money. But the metal inside is worth 7.4 to 7.8 cents depending on what copper's out right now. But it just goes to show you how ridiculous the, the, the government is. They're just, they're, they're doing that. They're printing a form of money where they're losing money by printing it and the metal is worth more than the money. It's insanity. So that's an arbitrage play. I know a lot of people like that they're actually buying physical nickels. It sounds ridiculous, but there is a it's at least a fun thought experiment for you to conduct, you know? But who knows, maybe if there's a currency collapse, nickels get discontinued. 1 nickel may be worth 5 bucks.
Speaker 5: I did tell my husband he's not allowed to spend the nickels because my husband's a big cash guy and always comes home with, you know, his pocketfuls.
Speaker 4: He's a nickel. He's a nickel kind of guy. Yeah, he's a nickel kind of guy.
Speaker 5: Don't don't turn in the.
Speaker 4: Yeah, yeah. I know a couple people that are not nickel guys. They just don't like having them around, you know, but it just depends, just depends on kind of how you grew up. So I think I think it's pretty clear, you know, I know it's pretty clear. Actually, I don't think anything I know, I know it's clear. Assets are the future and gaining control of some assets is is in your best interest. But man, man, this has been such a great. It's been such a great week and already the financial markets are going One Direction. But dude, I have this feeling that something massive is coming, especially with this community in the face of finance is not a joke. And you have to understand the value of that position. Most people, 99% of people don't understand, but I know there's some dogs in here that totally get what is it, what's going on right now and where we're going and the value of going there. It'll be more impactful than any road map you've ever seen in your life or any T-shirt or any fucking art contest. Those are has been activities. We're going for global takeover, ladies and gentlemen, and people know it and you know, they're seeing it in 4K Tonight has been what a insane show. I mean, to have Peter Schiff, Mike Alfred going back and forth live during the when both are going down, silver's going down and gold's going down. Crypto's also going down. So everybody's taking punches. But just an incredible moment. Yo. So if you were here for this, very cool. Yeah. Like I said, we're going to continue to have some great people up here. I've been telling you, actually, I've just been saying it and it's becoming true. That's it, you know, that's, that's it. I mean, honestly, really thinking about it, you know, a lot of a lot of success, maybe not with investing, but success with your personal brand or your business comes down to simple belief and outward manifestation, You know, literally just saying things out loud and then holy shit, three days later it's coming true. I mean, that's it. You know, I wish, I wish there was some sort of formula or complicated formula, but self belief and having good people around you is critical. So that's why I like being in these spaces, man. Y'all, y'all inspire this account every day to see people come out of, you know, come out the mud to see people level up, to see people articulate more and build a brand and grow and network is very inspiring. It inspires me, inspires Sheba Shield. You know, it really makes us, it makes us want to go hard as well, you know, harder. And people like, holy shit, how hard are they going to go? We're going to keep going harder. Maybe the hardest you've ever seen. You say, how could he? How could he even? How could they go that hard? I've never seen it that hard. And they make it harder. Yeah. Yeah. And then there we go harder. I mean, guys, look, there's levels to this. We just happen to be breaking through ones that have never been discovered. So the merging of traditional finance, precious traditional finance stocks, AI, precious metals, investing, futures and crypto. It's a very unique platform. It's a very unique space that can have some crazy conversations. I know we're going to get some crazy guests up here. Michael Saylor is Michael Saylor. I know you're out there. So he's a he's in next. I know I see him down there. So he's he's next on the list. Get him up here. I'd like to get I'd like to get Sailor in here with with Chef. I feel like that has never happened. Has it happened? I don't think so. Yeah, that would be a great.
Speaker 5: Space. It will by next week on footer spaces.
Speaker 4: That would be a great space, yeah. What about CZ versus the OK X guy, the OK X founder?
Speaker 3: That's probably.
Speaker 5: Not that would be a banger. So that.
Speaker 4: Would be a good one.
Speaker 5: What? What about?
Speaker 4: What about Elon versus Sam Altman? I think that would be a great one. Yeah. I mean, there's nothing off limits. I'm just throwing. I'm just throwing ideas out there. You know, this is who knows where they'll land? I know where they'll land. But yeah, so it always lands. But that's that's it, man. It's, it's, you know, the, the, the writing is on the wall with, with what we're doing here and what we're building here, the writing is on the wall. Everyone's a talker. Very few people are walkers. And as we continue to do what we're doing, things may look different, things may change, Things may things may pivot, things may adapt. But guess what? You either adapt or you die. This is it and we refuse to lose. You know we refuse to lose. We're going to we may we may look different, we may change, but we don't lose. So you know, that's that's that's it man. Y'all already know what the Hell's going on? Dojo dogs, the great reset gold versus Bitcoin, man. History has been broken today. History has been broken today. How many hours have been on spaces today? 9 9 hours Yeah, we've been on here. I think I've talked for 9 hours today. How's that?
Speaker 5: Lead my exam. Other founders called.
Speaker 4: Four years in, four years, four years in, four years in still doing 9 hours of spaces a day.
Speaker 1: Yo, if you're taking votes for the next special guest, Antonio Brown and Bill Belichick or Antonio Brown and some type of mushroom shield loves.
Speaker 4: Antonio Brown.
Speaker 6: Yeah, no.
Speaker 4: Thanks. Shield might be Antonio Brown's number one fan. And Kodak Black. Yeah. No thanks. Yeah. You know who? You know who Shield really wants to work with? Can't wait. NBANBA, young boy. He thinks that would be. Yeah. I mean, he adds a little bit, like, yeah.
Speaker 1: The true financial expert.
Speaker 3: That's who we need.
Speaker 4: He just wants a 30. He just wants a 50K cash deposit, but he promises to show up. I know who SHIELD wants to go to dinner with. Who was that? It starts with an L. Oh, yeah. Yeah, that guy. I'd love that Rose. Yeah, it's a guy.
Speaker 3: You're about to say.
Speaker 4: La Boobie Oh yeah no, so no, no. So that's it. And just a word of advice, guys, you know, because I know that there's some, there's some NFT projects in here, some crypto projects in here, guys. I mean, it's, it's, you know, it's time, it's time to move, it's time to go. You know, it's time to pivot, it's time to, it's time to do things differently. It's time to think like a winner. You know, there's a lot of, especially when prices go down, there's a lot of, you know, you could call it vibe shifting, whatever. There's a lot of vibe shift and people are generally pessimistic. People get pessimistic and so when you see pessimistic people around you, people that are, that are kind of falling apart, this could be in silver, this could be in crypto, this could be in stocks. When people around you are falling apart, you got to get away from them at all costs. OK, Now, if they if you're OTF with them, you, you grab them and you work it together. But if it's just some random person that's trying to get a like trying to get near you and is negative, you got to block them out. This is this is one of the principles of of life to avoid the unhappy and the unlucky people that carry those characteristics. You, you got to stay, you got to stay away and you're seeing a lot of that right now with investors because most things are are seeing some no one on here really is too heavy into stocks. I think that crypto. And and and go precious metals and AI leverage stuff, hyperliquid. I think that's mostly what we're seeing D Gen. plays, right? People are doing options and stuff. Very few people on here just invest in the S&P 500 and look for advice. You know, very few people. So on acts, those types of people watch Fox and CNBC, you know, that's where they get their information. Fox Business, you know, so they can watch, they can watch boomers battle it out. You know, Boomers are going to go to town. We just refinanced our 4th home. OK, Congrats to Congrats, Boomers. They're on their 4th home. Gen. Z is, is probably going to live above Insomnia cookies for the rest of their life. There's a good chance somebody will live their entire life above an insomnia cookie in an apartment in Kansas. OK, this is where we're at, guys. This is what's at risk if you don't get focused. That's why it's important to get focused. So it's important to be a dojinal dog straight up. There's two types of people in this life, people with jet packs, people without them. That applies to what you're seeing here, you know. So again, if you see people that are unhappy, there's projects that are going down and there's projects that are going up. There's groups that are going up, there's people that are going up. Trajectory, don't look at the direction, look at the long term trajectory of the group and the people and the team. You guys understand this. So you know, that's it. It's one of the key principles of investing. What you think you think that anyone is more capable of figuring out how to navigate than these accounts? No, we're proving it too. It's it's, it's, it's simple. I mean, number 1A callers, it's not even a joke. I mean, it is a joke. It's a glorified cameraman, an almost crack dev and a glorified used car salesman. It's the beginning of a great joke. It's a yeah.
Speaker 6: The glorified.
Speaker 4: Camera we take over. Oh, a glorified cameraman, SoundCloud wrapper and used car salesman. Walk into a bar.
Speaker 5: And then by that's that's what I was.
Speaker 4: Looking for SoundCloud wrapper. Uh huh.
Speaker 2: They walk into a bar and then they take over the world.
Speaker 1: Yeah, funny how that works.
Speaker 4: Guys.
Speaker 1: Or they just take all your money.
Speaker 4: You guys can check out Fokey fans. It's like ceiling fans. It was a great company, something I'm really bullish on. Fokey fans.
Speaker 5: Love those fans.
Speaker 4: Ceiling fans, big fans, commercial, industrial, residential.
Speaker 5: Have you heard about Only Wizards?
Speaker 4: I'm bullish on them only Wizards. Yes, Sir. I don't know what that.
Speaker 5: It's like only Fans but with Wizzies.
Speaker 4: I don't know all I all I know. All I know is, is that we had more Gray checkmarks in this space than ever before. Guys, we are in, we are in Washington, we are in Shanghai, we are in Australia, we are in New York, we're in Chicago, we're in Los Angeles, we're in London. We're in every city. We're we're being played in every government building. I mean, this is really where we're at. We have housing representatives, We have Bill Pulte up on stage. I mean, we've got government officials listening to these spaces to figure out what's going to happen next. And I think we all know what's about to happen. I think we all know. But that's why they listen, right? Everybody knows.
Speaker 5: Just in case we let them know.
Speaker 4: Yeah, OK, Dro, you know they.
Speaker 5: Want they want to.
Speaker 4: Know what you know? We know what the fuck is going on. I know. But do you know? Yeah, I know. OK. It's pretty sure.
Speaker 5: We we in the UK though, so we definitely can't say what's going on.
Speaker 4: Yeah, I mean, we all know, but you just can't. We just can't say it out loud.
Speaker 5: And and.
Speaker 2: There's no need to.
Speaker 4: Sometimes, yeah, you don't even have to. That's a great point. I'm going to start.
Speaker 5: Saying what's understood doesn't need to be said.
Speaker 4: Yeah, guys, I would get your funds off of JP Morgan immediately. How long?
Speaker 3: Do.
Speaker 4: I'm going to say most people have no idea what's about to hit them. Time's running out. Guys, I mean, this is really, I mean, it's, it's Shakespeare wasn't even, he wasn't even, you know, Shakespeare was decent, but he wasn't doing what he wasn't doing. What's going on here? You know, he wasn't doing 9 hours of spaces. I mean, they'll look back at these times. They will, they'll study and say, how did they do it? You know, Freeman, a cameraman, a SoundCloud rapper, and a used car salesman. I mean, what the heck, they fought off every silver snake, found the real estate group of people on X and and ascended to the highest level. I mean, holy moly, they'll look back at these days and, and they'll study them because in hindsight, it'll be obvious. You know, it'll be, it'll be completely obvious. How's crypto doing? Did he catch a bit? I mean, the guys look $77,000 Bitcoin. I mean, me personally, I think you're going to see Bitcoin. I think you'll be able to buy Bitcoin for 60K, Mike tweeted after he got off the stage, saying that he expects A reversal starting tomorrow when he did opens. Yeah, yeah, he probably heard me. He probably heard me say that.
Speaker 1: Yeah, yeah, yeah of.
Speaker 4: Course, Yeah, yeah, yeah. He heard me say that. And he's like, damn, that was smart, dude. I get everyone as, you know, everyone. It's hard because, you know, sometimes I feel guilty for pumping the markets. I mean, we added $5 trillion to gold and silver. You cannot tell me we didn't. I'm serious to XRP we added a dollar guys, on the day where the where Sheba put out that the Saudi Prince bought 10 billion, the price pumped 17%. No other coin pumped. You're not telling me that. Oh, and by the way, the Saudis invested 500 million into world Liberty Phi. So you're telling me people are saying that the Saudis would never invest in a cryptocurrency? They just bought 500 million of World Liberty 5. Did you guys see that? Isn't that 50%? Yeah, yeah. Days before Trump took office. Guys, guys, America, America's financial blockchain infrastructure is half owned by Saudis. Just think about that for a second. Like just think about how how think about what? Think about what is going on. Elon Musk said that the we have entered in. What did he say? The singularity has begun, which if not even real anymore. Yeah, look, he just said we're in the beginning of the singularity. Sam, you got something there, bro? Yeah. He's really. He's just cooking in the kitchen, guys. Sam is a Michelin star, Seth. He's.
Speaker 5: A chef.
Speaker 4: He's a Michelin star, Seth. Right now he is cooking for a very, very famous musician. A very, very famous musician, Yeah, very famous. His did the name is Mr. Mehoff. His name is Jack or something like that. So yeah, he's preparing a dinner for him. And yeah, I mean, this is the kind of community that we got. We got very, it's very high level community, very potent community. Very successful through a lot of Forbes 4014030130A bunch of them in here, but a bunch of Y combinators Stanford. But ultimately, you know, I don't really to be honest, you know, I think you can be successful with or without any of that. Sometimes I think the people with no degrees and no education at some point in the school system, they just looked around and said this is awesome bullshit. That's what I did. They told me I was I was not a smart, I was not a good student that they were correct. I was not a good student, but you can be. You don't need to be a good student to be smart. To be a good student means that you can memorize what you're told and do what you're told. OK. That's what a good student is. To be smart, to be educated or to be, to be wise or totally different things and can be accumulated and acquired in many different ways. Through reading, through practice, through failure, with all of those skills can be acquired through just living your life now, you can also be a better learner. You can be a better reader. You could be a better, you know, you could, you could achieve wisdom a bit faster by living life and experiencing a lot. You know, if you've had 10 failed businesses versus someone who has 1, you know, you might be the same age, but the person with 10 businesses, well, if you had 10 failed businesses, maybe it's quite a few. Maybe I had 10 though. I think I probably had 10. I don't know. I mean, I have, I had businesses that were just a photography business that I, you know, I just, it's not that they failed. I just, I just, you know, moved on to different, different things or learned something. I've, I've had businesses that just didn't work out like, but, but it's not like a restaurant where there's a ton of capital. There's always software business. It was always a content business. Zero capital other than time and knowledge. Those are my favorite businesses where it's all, it's social. I like social capital a lot. That's what these spaces are social capital. You basically build social capital by proving consistency and proving high level work. And that's exactly why people are coming into these spaces, right? I mean, you know, you can, you can listen to the judgments of nobodies and losers about, about these spaces or this community, or you can listen to the people that are doing, are, are putting in short positions greater than the sum of the net worth of the, of the haters times 500,000. Like this guy puts a $20 million short position. Every single hater has a combined net worth of, of of 100,000. I'm, I swear. So, you know, listen to the experts, they're coming into these spaces, People are talking, people are engaging, you know, there's real people in here and it'll continue to be proven. So holy moly, how do we keep going? Guys, it's 9:00. That's got to be, that's got to be a record, right? Today has been a record.
Speaker 5: Nah, you did 24 hours for two months.
Speaker 4: Well, so not, not just for length, for girth. Well, no, I'm just, well, no, I'm just saying that. Think about this for a second. Look at the look at the the growth of these spaces without an external, without an external like free catalyst, meaning that during Trump, Trump, Trump election was a free catalyst of engagement. Engagement was up 10X across the board. So anybody could go viral. Engagement was going crazy. So that was a wave to ride. There really is no wave. You could consider gold and silver a wave, but that's not a wave that anybody can ride. Go look at your favorite crypto influencer. They're putting out gold and silver tweets, getting 20 likes because they completely missed the boat. And the algorithm says this is just some grifter over here trying to get trying to catch a wave. That's not a easy way to surf. We've been surfing the wave since since weeks before, weeks before Christmas. We've been going full till coverage. I mean, we've done a couple other things too, but you know, we've been talking about medals for ages. Ask anybody on stage years ago. I mean, you can talk about rock. We go way back Rock and I go way back Jersey.
Speaker 3: Hell yeah. Oh, I don't.
Speaker 4: Know about that? Way back in Jersey, Yeah. But yeah, when you lived in Jersey, I'd come visit you. Yeah, way back in Jersey we was buying, you know, we was buying hot dogs and fucking on.
Speaker 2: The Boardwalk.
Speaker 4: We was buying, yeah, we was buying hot dogs and walking on the boardwalk, you know, out in Jersey with Pauly D, you know, talking about Silva. But you can ask anybody, guys. We've been talking about it for, for ages. So, you know, that's why the algorithm is respecting what we're doing, because we, we correctly identified a great moment. We correctly identified a great moment. That was a wave too, but you had to get on extremely early. But now it's beyond that. It's bigger than that. You know, that's why this is, you know, people, people won't see what you're doing until until the results are there. They'll question everything until the results are there. But you know, you're seeing it now. I mean, this the app is changing and and the people who have really invested in the app, I'm talking really put the time in are going to see crazy dividends. I mean, we're already seeing it. I mean, the DMS right now, we've been asked, Shibo Shield and myself have been asked to go on to CNBC, Fox News, Fox Business, OK?
Speaker 5: Are you going to do it?
Speaker 4: Oh, I mean, look, it's get the fucking get the shoe shine. Let's get the shoe shine. Let's go get the soup. Let's press out the suit. I mean, after all those cookies from Rock and MJI might need to get this thing let out a little bit. I'm not going to lie, this thing was pretty tight. I might need to get this.
Speaker 3: I.
Speaker 4: Doubt it bro. You, you're in shape bro, you're good. I mean, listen, this is people. People consider this community a expert source of coverage and just a sentiment, you know, and listen, we're going to bring in additional experts so that you can, at least you're going to have some ideas. At least you're going to have multiple, you know, opinions up here. So you're getting fed from, from, you know, multiple sources, right? You have people like Peter Scheff and people like Mike Alfred, right? 2 completely different points of view, but they can come up here, go back-to-back and you can listen and make your own conclusion. That's really what you want to be doing on Acts. You want to be listening to a bunch of opinions? OK, You want to do your own research and then come to a conclusion. If you have more data, you can come to a better conclusion.
Speaker 5: Oh my gosh, that's literally what I was just sitting here thinking about that. That's the real win right there, right? Is I've never really been on the side of I guess what do you want to call it? We'll just say conspiracy theorists like I'm, I just haven't really dug really deep and being involved in this more and more. What I realized is, like you said, it's not it's a conspiracy until it's not a conspiracy theory, right? Because it all comes true. And what that boils down to is trusting your own opinion. You're, you know, make your own opinion and gather all the information that you can to create your own opinion and then do the research to prove yourself right or wrong. And that's how you, you know, that's how you become more wise is going with your own opinion, even if it's against the majority, and then doing the research to prove yourself right or wrong.
Speaker 4: Yo guys, it's, it's really, it's really simple. It's really simple. You know, time put in is going to yield for the time correctly put in is going to yield positive long term results. OK, by by doing more research and spending more time and really going into the weeds, you, you can become a self-taught expert. This is why you need more data. If you if you've only seen the weather for two days, it's going to be hard for you to predict weeks, right. But if you have a week of weather, you might, you know, if it's been warm the whole time, it's not going to snow the next day. So you have more data. So it's just like anything in life. If you're trying to figure out what's going on with the with the monetary system or gold, silver crypto, you need more data. You need more time spent and and this is coming from someone that has been doing this crypto thing CT thing, Twitter thing been doing this every day for just over 4 almost four years, 3 1/2 years been doing this daily X spaces have been three years. So 3 1/2 years of building just an account 3 1/2 three years of spaces and look what can happen. You know, use this account, use this account as just an example of of what could be achieved. Doesn't mean you need to do what this account did. This is just one example, but you know, I don't hide what I don't hide how you know, the process or how it was, how you know, we were got, how we got here, you know, give out the blueprint for free so that you can be successful as well. And you can have your own, you know, moments of success, whether it's investing or your own show or podcasts or content, whatever, because X is an incredible app, you know, pays a lot of money if you are smart with that, right? X monetization is great. Subscriptions are great. You know, brand deals exist. I mean, this is really, it's the, it's the pinnacle of social media. It really is.
Speaker 5: The building in public is definitely the way bark and I, I personally don't understand the take of people that are like, oh, well, you've got to like build in private. You've got to like keep things to yourself. I I've never really understood that to be honest.
Speaker 4: Yeah, no, you don't need to. No, that's why, because y'all are digital natives. So that's why it doesn't make sense because it used to be an arms race of administration and that's like totally out the window and it honestly obsoleted a long time ago for anyone other than like the mega mega elite established in my humble opinion, just as a my my crazy perspective. Yeah damn. Bitcoin is getting flooded to hell, man. Bitcoin is getting flooded man, this Epstein shit, dude, and the fact that no one's getting charged just tells me immediate distraction. All the stuff that you need to know. I mean all again, all this stuff is already known. It was just confirmed. But all the stuff that you would really need to know is not released. I I don't even think as they said, there's 14 terabytes of fucking videos, 14 terabytes. This is in 2012. This is just a trailer bark. Like there will be a lot crazier stuff that was still redacted that will be released. No, no, no. There's there's some shit in the no, bro, they're done. All right. They just said they're closing it. Yeah, yeah, yeah. That's what.
Speaker 5: That's the next largest liquidation.
Speaker 4: Event. Yeah. You know, I feel like there's some still. They need to deal $15 trillion again and then they'll boot it back up. I mean, yo, dude, OK, this guy's gone. I mean, he ain't dead. He's in Valhalla with Charlie Kirk. But you know, he's not dead. This guy ain't dead. He's not. He's.
Speaker 5: Not dead guys, he's not.
Speaker 4: No, he's not dead. Yo, you can go on 4 Chan. You can see exactly what I'm talking about. Before he even died, some guy's like, yo, he got carried out. He's talking to the nurse, you know, 45 minutes later they reported him dead. He's like this guy was wide awake, unmarked car, like, yeah, walked right. He's like, walked right. Talked right to the nurse, walked right into the car. Yeah, but he's in Valhalla, you know, He's in Valhalla, but, you know, doing the same old thing, you know, Diddy might be there for all we know. They could have got a double with Diddy, you know, and they're in Valhalla. So, you know, it is all bets are off. You know, I don't trust anything anymore. You OK? But when they need to get, when they need to do, when they need more money, they'll just do it again. That's exact because nobody's being prosecuted. So it's again, you know, people are going to hate this guy. You know, it's the perfect, it's actually the perfect setup, which makes me realize, you know, exactly why they've done it. Or we can, we can at least speculate why they've done it, right? They've they've released it at a very important time. But the, the, the main character who's who is the most hated character is quote UN quote dead. So people are unleashing anger and frustration on someone that is not even around. It's the perfect bro. It's so great. It's such an amazing, it's such an amazing plan. The plan is incredible. Now it'd be even better if the plan never got out. But obviously people people started talking. That's why it's even out, but it's a bit, but you know, it's very effective. It's all very effective. And if you know so, but but if you want to understand why Federal Reserve banking and why they're lending out incredible money and printing incredible money, if you want to know how they're doing this and who is benefiting from it, you just read the files. They just put them out. I'm telling you, literally these people that are in these files are the people that are creating this crisis, this financial crisis because of because of compromising blackmail on them, threat of blackmail. And the fact that they're deep into releasing means that whoever's still in there, they got the biggest thumbtack on them. Like, look at what they're doing right now to George Bush senior, you know, did you see about that his his little story, you know, what they were doing on that yacht? Yeah. I mean, that's that's the kind of stuff that you're going to go that doesn't even sound, that doesn't sound real. But it's happening. It's happening this very second all over the world. Vampires, bro, vampire, you know, but I don't want to get too deep into it. I'm just saying that. Holy moly guys. I just want to say that you know, it is really, it is really important that you understand it because it is going to completely reverse your view on the financial system and you need to escape the financial system. You, the monetary system is the US dollar structure of the US dollar, the system, the taxes, the the net, the trap. You got to get out of that. You have to get out of that ASAP.
Speaker 5: But you have to definitely find a balance of not letting like something like this, like make you think that you're helpless and that you can't like make it out and that you can't use the levers in the systems that are, you know, when something like this happens and they come out and they say, oh, yeah, there's not going to be any charges. There's not going to be any accountability. And things like people just like, think, oh, Yep, well, that's it, right? But don't let it distract you. Stay focused and keep the ship going in the right direction.
Speaker 4: Yeah, the ship's not going in the right direction, buddy. I mean, you can just, I don't know what you're smoking, whatever web is smoking.
Speaker 5: Well, I just think that.
Speaker 3: Like.
Speaker 4: What? What?
Speaker 5: What ends up happening is people think that because of something like larger than them of influence means that they have no powers. And then they don't like try and then they don't like do the things that they need to do in order to better themselves and to continue on forward. And in reality, like that's not the the case. You've got to keep working and you've got to keep pushing to make things great and to make things better. And in all things, there is balance.
Speaker 4: Yeah, but all they, but, but all they don't care, bro. They're not, they're not trying to make things better, man. You got to understand they are not bro. They got the thumb screw and the, and these files getting released, right? These files are just. So the reason that these are so effective is because there's actually some pretty damning stuff in there, which means that the stuff that's redacted is still being used as active blackmail. And that is what should that is what should concern you, because if you know that half of it is still redacted and you also know that there's people that's in there for sure that they were not in these files already, maybe some names, but nothing in damning. There's also emails of people on these of people saying crazy stuff, like the craziest stuff and their names are blacked out. People saying like, Hey, I can't wait to eat it. Eat something, you know, eat a fucking can't wait to eat a person you know, and the name is blacked out, you know, and they're probably taking that and calling up people that are blacked out saying Hey, one more little you don't vote yes on this bill or you don't do this. That shit's going out. You could just have it. The you say, hey, listen, we can do this the easy way or the hard way. You're going to do exactly what we tell you to do and nothing bad happens. You're going to live your life. You're going to make a cushy salary. You know, you're going to get to have that boat, that car, and all you got to do is just sell, sell your soul. Never give in fam, Never give in. There's a wave of of warriors awakening of spiritual warriors awakening in in this world at the moment. There's a wave that is awakening and the force is definitely growing. But the opposing force is monumentous and is not to be underestimated. In fact, you, you likely are under estimating how powerful and how deep the opposing force truly goes. Whatever you can, whatever you could possibly imagine, you need to multiply it because that is just, there is stuff that is so beyond even my own understanding, right? I'm only, I'm getting access to what I can see and hear, but there's stuff that has been destroyed that will never come out and everyone involved is gone. Do you understand? Like everyone that saw it, everyone that heard about it, they're all they've all disappeared or UN alive, you know, So it's like that's it's, it's some, some serious stuff, guys. But again, This is why, you know, why should you not have your money in the US dollar? It's because of this, this phenomenon in this observation, it's beyond logic and charts and technical charting. It's beyond all of that. It's like far beyond that. Gold, silver's at 82 at the moment. Gold is at 4200 seven, 120. So it's still good. It's still looking good. Shanghai is doing well. You know, it was up to a 60% premium for a moment, you know, but futures are looking, futures are looking good. I mean, look, it's after a liquidation that we, you know, of the scale that we saw. There's going to be some, some wounds to lick. You know, there's going to be some moments of caution. People are concerned. Oh my gosh, it went down 50 percent, 35%, you know, is that going to happen again? Is it going to keep going? Is that normal? You know, so they're just, they're just, you know, they're hesitant. But like anything in life, the if we get a if, if, if silver and gold catch a nice bid this week and we see a up a reclaim of $100 and, and confirmation that it's a breakthrough and gold above 5000. If we get those confirmations again, then I think we'll start to see a another wave. And I do believe that a lot of the price action is due to suppression. I think a lot of manipulation, I know a lot of manipulation is going down. You know, it's just, we just don't want to say who's doing it, but everybody knows, everybody sees what's going on. You guys know what I'm talking about?
Speaker 6: Absolutely.
Speaker 4: Yeah. So we're at this point, we're at this point now where, you know, these $105,000 levels are critical. It's critical for confidence, critical for for investors to see. So yeah, I think those are the numbers to watch this week. Those are the assets to watch this week. Also Bitcoin, another great asset to watch this week. I'm watching for Bitcoin under 70K. Bitcoin under 70K is, is like, yo, let's you know, let's accumulate, you know, let's accumulate. Get your hands on some Bitcoin. Thanks, Todd. Get your hands on your favorite stuff. You know, I think silver and gold now is good as well. You know we got confirmation that you know a long long on silver and gold might not be a bad idea right now, you know, but you don't even have to long it. Forget that. Don't forget the instruments. Just go in and get some physical silver. 80 bucks, OK, Go get a coin, go get a couple. Whatever man, you missed the first round. You saw what it could do. You know the direction, you see the F seen list. You know what the hell is going on. Here comes Basto, right at the end of the party. What up, Basto? Hey, just listening to you here. Thought I'd join in. You're speaking my language again. What's up, man? What's up? Yo, have you? Have you, have you heard today's space?
Speaker 5: Well, I've been listening.
Speaker 4: For a while, yeah. That's been crazy, man. And no, no, we had, we had Schiff and Mike Alfred up here going, oh, whoa, no, I missed that. Bummer. Yeah, we had Peter Schiff and Mike Alfred going back and forth about Bitcoin and and gold. They were getting really into it, just like the guys. I mean, we're talking about a rock here, you know, a virtual rock and a real rock. That sounds like a lot. I've never seen more passion. Yeah. I was here the other day when Mike Alfred was just cooking. Yeah. But to have both of them up, that would have been good. Yeah. It was good, man. Hey, man, you see what's going on, dude, these spaces are, you know, things are getting out of control. People are. People are coming to these spaces during moments of financial chaos to get clarity, right? So if something's going down, we break it down here. And that's where they that's why they come here. But there's been a lot of that going on. So that's why people are keep coming back.
Speaker 1: Well, you're doing a.
Speaker 4: Great job and you've got a nice, let's say balanced approach. You're warning people, but you're also saying there's a lot of opportunity and you got to up your skill set and your network and the tools that you use, all that stuff, right? You use these times to build and learn because experience and knowledge, you know, you, you pay for it one way or the other. The way I see it. And a lot of times it's just some experience, you know, if you're not actively in the market, sometimes getting a little chopped up, that's how you learn. You know, like I've made a lot of mistakes. Fortunately, there's people that have made the mistakes and are willing to share their experiences and I try and learn from them. But you know, I'm one of those guys that sometimes I got to just put my hand on the stove to realize it's hot. I guess the the the stove is hot guys for it for being on financial Twitter at the moment. The stove is hot, the popcorn is going to start popping. OK, Capiche, it's time to focus up. It's time to lock in. And whether you plan on being a creator or a listener or just an investor, it's time to get your ducks in a row because messing up these next two years may be the difference between you potentially never getting out. I, I don't think you have much time left. A lot of these low hanging fruit jobs and odd end jobs are getting eliminated. Every day I see some new AI software that can edit a video in two seconds with captions and animations. I'm also seeing AI art. I mean, AI art has gotten just unreal. AI videos have gotten unreal. So you're seeing jobs get eliminated And and that's what I mean by, you know, you don't have much time left. A lot of these low hanging fruit mean there's always been this case of where if things got tough, you could go get a job at McDonald's. If things got tough, you could go drive for Uber Eats. But we know that within a very short period of time, those jobs are going to be gone or will be the lowest paid in society. Like it'll be just ridiculous peanuts. It already adds peanuts, you know, So, yeah, I mean, those jobs are going away. So your ability to go grind it out on Uber and make 1000 bucks in a, in a in like a two weeks or something while doing spaces and investing and taking that 2000 into silver, like those days might be gone. So your ability to pick up some Bitcoin or some silver or some gold, whatever, whatever you're into, those easy opportunities for those starting at the bottom are, are disappearing. So I, I would encourage you to go till full till and figure this out and don't fuck it up trading memes and chasing. That's another thing that we saw some from Alfred like don't chase. You know, you don't need to be chasing. You need to be getting into the right things, going nice and nice and heavy and letting time do its thing. If you chase, you're going to get beat. You're going to get beat by some by an Indian kid on 2 Adderalls. I'm telling you, if you're not, if you're not an Indian kid on 2 Adderalls, like you're not going to, you're not going to out meme coin trade that that person. You know, if you're not, I'm serious guys, if you're not tweaking in LA and the vape, you know, vaping around you know how funny vape the vape cobalt ended up proving everybody all the accusations true. You know that was the funniest part about that one. Every single every single person that claimed to be hyper innocent and these heroes ended up being the anything, the complete opposite. And they've abandoned their community and they've abandoned every project that they once stood behind. They've abandoned everything, including their own morals. And that's that's where you know, I don't have to like you. I'm not really into the like, do we like this person? Do we like not like this person? Do I respect these people? And the answer is no, no, I do not respect a quitter. I respect someone that went down fighting, but I do not respect a quitter. So and we and you know, you can call us whatever you want, but you cannot call us a quitter. We're here everyday, rain or shine, putting on these shows, talking about finance and getting ready to take over. Do I say take over the world? Is that too? Wait, no, that's too far, right?
Speaker 5: No, we going to talk too.
Speaker 4: Far at this point, we can't take over the world, right? We can't. We can.
Speaker 5: As long as we don't eat babies on the way.
Speaker 4: Getting confirmation from the those little dog space team that we're going to be taking over the world. Guys, it's been a great show. Gold versus Bitcoin, the Great reset. Holy moly Peter. Chef Mike Alfred Gold and silver futures opening. It's Sunday. We've got a great week coming up. cryptospaces.net pinned up to the top 24/7 spaces. You can TuneIn with us. Love y'all, appreciate y'all. Have a great night. Make sure you fall on the stage, jump in, network. Don't be scared. We don't bite. Maybe we do, I don't know. The.
Speaker 2: The. The. The. The.
Speaker 1: The.
Speaker 2: The. The. The.
Speaker 4: The. The.
Speaker 5: The.
Speaker 2: The.
Speaker 4: Yeah. You all right? Yeah. And it's Sunday on top of it all. Holy moly. Just just reading through thousands and thousands of pages of the most insane things you've ever seen. All right, Siri.
Speaker 1: Enough.
Speaker 4: No, I'm sorry, I actually heard that these these AIS are listening and they're they're taking notes of how you take care of them or how you treat them. So I'm going to start treating them nice. You know, I don't want to have to deal with the 8 foot titanium robot at some point in the future. What's up everybody? Happy Sunday. How are we feeling?
Speaker 1: Happy Sunday, brother, Happy Sunday.
Speaker 4: Y'all feeling good?
Speaker 5: Fantastic.
Speaker 1: Excellent. Seriously.
Speaker 4: As good as it can be, actually. Guys, for real.
Speaker 3: I'm just counting down the dances.
Speaker 6: I'm the Super Bowl bar.
Speaker 4: Isn't why not? I don't know Bitcoin at like 60,000.
Speaker 6: We have each other.
Speaker 4: Oh yeah, yeah, no one has.
Speaker 5: Yeah, man, you should be happy.
Speaker 4: No one has any Bitcoin. Yeah, uh huh, 'cause they weren't, they weren't buying. Nobody bought SO.
Speaker 3: We'll be buying.
Speaker 6: At the bottom forever.
Speaker 4: Right, right. Well, it is Sunday. You guys showed up. So there, there you go. There's your first doubt, your first win. Do you guys work on Sundays? I don't know. I heard a lot of people say that they don't work on Sundays or I don't know what that's about.
Speaker 5: Yeah, every. We work most days, every day.
Speaker 2: Yeah.
Speaker 4: Oh yeah, you work every day.
Speaker 5: Got it.
Speaker 6: I'm not actually unemployed right now.
Speaker 4: Still.
Speaker 6: Oh, yeah, I still got, I got, you know, to like a little bit like July or something. I'm looking hard. Real hard.
Speaker 4: I don't work on Sundays but I still show up to work type shit.
Speaker 6: Nice, nice.
Speaker 5: I'm working right now.
Speaker 6: It's the Sabbath. I'm working hard now.
Speaker 4: Yeah, yeah.
Speaker 6: The Sabbath.
Speaker 4: Right, buddy? Holy shit, yeah, there's a great awakening happening. Maybe I should change the name of the Great Awakening. But.
Speaker 5: You know, we better wake up soon. It might be flying too close to the sun.
Speaker 4: Yeah, no, believe me, I.
Speaker 6: Don't think that exists anymore.
Speaker 4: Yeah, we're way beyond those days, way too close to the sun. What do you think we've been doing for the past couple months? I've had to keep kicking people off the stage because they're pushing it too far. Holy moly.
Speaker 6: Not today, we're on point.
Speaker 4: Because I've been reading these fucking files all day. I don't know about you which y'all been up to? Probably doing normal stuff but God damn dude it's fucked up. Why in there, man? Huh.
Speaker 5: Yeah.
Speaker 6: It's fucked up bro, why do you want to poison your mind with this stuff? Is what I want.
Speaker 4: To know, oh, why do I want to? It's enlightening. It's not poisonous. Yeah, yeah, yeah, yeah, yeah.
Speaker 6: Really enlightening when you already know what's going on.
Speaker 4: No, I, I don't. Oh, did you? Did you know that that MIT lab was funded by Jeffrey Epstein to develop Bitcoin? OK.
Speaker 6: Did you know that Albert Einstein assisted in creating the nuclear bomb with Oppenheimer and Tesla? Like so.
Speaker 4: What? OK, what are you trying to say?
Speaker 6: Yeah, exactly. Does it make Einstein better than fucking Epstein?
Speaker 5: Yeah, a little bit.
Speaker 6: A little bit. Just a bomb that just destroys everything and creates Hiroshima, Nagasaki. But Epstein, you know he's worse.
Speaker 5: But when Einstein was doing it, did he know that that's what he was?
Speaker 6: He knew the implications. Come on.
Speaker 4: If you knew what Einstein was with then it would make sense.
Speaker 6: Oh, I know. I know what he is. He's a German bro. Come on now. Like don't come at me. Like I don't know what's.
Speaker 4: Going on, No, no, no, no, no, no, I'm not talking about that.
Speaker 6: Oh, Smati, no.
Speaker 3: It's.
Speaker 6: A smooth Yeah, one of those, yeah.
Speaker 4: Yeah, no, I think it's important that you pay attention to what's going on. And I read through the files so that you don't have to. Obviously I can't read through all of them. There's 3,000,000 files. So I've been going in order of, of what is likely most important. I don't know, I probably read 10,000 fucking documents today. And these are all right on the government website, justice.gov. So, you know, anybody can go look at these and obviously these have all been cleared by the government. So, you know, there's a lot of stuff out there. I thought it was interesting because the timeline literally went from from discussing investments and financial markets and everything and just normal stuff, AI, it went from talking about all normal stuff. Literally the entire timeline has turned into the Epstein files. Have have you, has it been the same for you guys?
Speaker 6: Absolutely. Pretty much.
Speaker 5: Yeah, everywhere. Yeah, you can't escape it except for just turning everything off.
Speaker 4: We're just drowning out the noise. Yeah, Just like, ignore, like scrolling right past it. Yeah. I mean, it's kind of difficult to scroll right past it. There's so much. There's just so much going on. What the heck, man? A lot of weird pictures. People wearing underwear just wearing underwear around. People have terrible underwear choices too. What if nobody rocks? PSDS the billionaires not rock PSDS everybody. Every billionaire rocks like a used old pair of tighty whities.
Speaker 1: Fruit of the Loom.
Speaker 4: They never heard of Ethica? They never heard of Ethica, bro. Yeah, legitimately they never heard of Ethica.
Speaker 5: I.
Speaker 4: Don't know, bro. I don't know what these guys are up to. Whack fashion, bro. Whack fashion.
Speaker 1: Not only that.
Speaker 5: He wrote one of his bank accounts.
Speaker 4: Yeah, yeah, they also eat each other.
Speaker 5: Yeah, I mean it's.
Speaker 4: Do we owe conspiracy theorists an apology? Because I've heard all this stuff bark like I've heard this stuff before and.
Speaker 5: Like 5 years ago, right To apologize, seeing it to Brett, to Freddie for the times I doubt with the conspiracy theories, yeah, I apologize.
Speaker 4: Well, when you see it on justice.gov.
Speaker 5: I mean it real, it just hits.
Speaker 4: Yeah, nothing says nothing says justice.gov like 0 people being arrested at all for the Epstein files. Nothing says nothing says justice like like nobody getting not one conviction right. Yeah, I'm, I'm confused about that fight you.
Speaker 6: Want to know what they call that? They call that white privilege.
Speaker 4: Dude. Well, Jay-Z was in there.
Speaker 3: And they got.
Speaker 4: Obama's in there bro. Your takes have gotten somehow some.
Speaker 6: People you've been doing.
Speaker 4: This now for.
Speaker 6: Three years. We'll also get the white.
Speaker 4: You've been doing this for four years.
Speaker 1: You've been doing this for four.
Speaker 4: Years and somehow your takes have only gotten worse. I don't even know how it's possible.
Speaker 6: Listen, I you know as a.
Speaker 4: Trouble. I actually don't know how that's possible.
Speaker 6: Offended.
Speaker 1: You've been to England Offended.
Speaker 6: But yo, let's keep it a buck, because if it was all black people doing that, if it was 10 ditties and Jay-Z, every one of them be in jail. Let's.
Speaker 4: Keep it bro.
Speaker 6: Yeah.
Speaker 4: Really, it's deeper than that bro. I don't think everybody should even have access to the Internet. Now when I hear shit like that, I think we need to start limiting access to the Internet. I think you need to. You need to solve some sort of puzzle, like some sort of mental puzzle, like a small IQ test.
Speaker 6: Yeah, I'm passing every time, so now my take's stable.
Speaker 4: Yes.
Speaker 6: All right. Well, I'm sorry again that you are.
Speaker 4: Apology rejected.
Speaker 6: Your people get to get away.
Speaker 4: With my people. OK, dude, I'm darker than you. I got more melanin. I have more melanin. I have more melanin than you do. Bro. I swear to God. I got a picture of me and you standing next to each other. It looks like I gotta be here. Flipped.
Speaker 6: By some MF for that's upset that all of his.
Speaker 3: People go.
Speaker 4: To jail like you're. Yeah, you're going through some. Yeah, yeah, yeah, yeah. Look, it's fine. I get it. You're going through an identity crisis at the moment. You know, I got more melanin and I'm like 2% Native American, 5% black. And we got a picture of us standing next to each other. I'm twice as dark as you, bro. You could barely see me in the picture. OK, so legitimately you're going Benjamin Button style. You're becoming more white as you get older, too. It's.
Speaker 3: Not.
Speaker 4: In your old ways. You're boiling chicken, bro. You're boiling chicken. You don't even use seasoning. OK? So we talk about we talk about, you know, and this is the other thing too. They just want to divide everybody, OK? They just want to divide everybody. But I don't know this. To me, this. I've seen stuff seems uniting. It seems like it's uniting people. There's some awakening. I'm seeing stuff on the timeline that I've never seen before.
Speaker 5: Well, I you notice that too.
Speaker 6: I was watching.
Speaker 4: Everybody notices. I was watching something yesterday and this could be a unification moment because you realize it's not necessarily about what religion you practice. It's not about your skin color. Other than I guess Webb's the only one that got that as a take away. It's more about like the have nots versus the have yachts. And, and so it's it's, it could be looked at as like something that would unite people.
Speaker 6: For sure you're going to gas me up, but listen, guess who's have? Not the whole time. So welcome to the Have Not party.
Speaker 4: Well, I, I mean, there's, there's all kinds of races that are poor. Well, just just.
Speaker 6: Educate you a little.
Speaker 4: Bit yo, Webb, really, really, dude, we're gonna we're gonna we're gonna come on, let's give it a buck It it it's it's it's one more strike. I mean that this is your final strike for the day. You know it's your final strike for.
Speaker 3: The day Hey Webb, I was poorer than the black kids in school. I'm white.
Speaker 6: Yeah.
Speaker 4: Yo, get out of here. How do you feel now? How do you feel now, everybody?
Speaker 3: 'S me, I made my own way. I feel good.
Speaker 6: Poor doesn't have shit to do with race.
Speaker 4: Like no. I'm.
Speaker 6: Yeah, poor doesn't have anything to do with race. A lot of us are poor. Black people been poor. Welcome to the poor party.
Speaker 4: OK, all right guys, again, I just have to say not everybody's take up here reflects this account. In fact, nobody's take up on stage reflects the takes of this account. This account is just, we just have to start button on spaces and we talk about news. That's literally that's literally it. If people want to come up here and and speak their piece, you're more than welcome to, but just understand that this is a place of discussion. So all ideas are welcome, but not all ideas are good. Couple things we're watching though for now is we got silver futures pulled up and we're ready to rock'n'roll silver futures closed at $99. We're going to be seeing what's going on here and if we're going to get I also see I just saw this right now and the reason I'm talking about it. Silver prices in India's in India exceeded Friday's losses during Sunday sessions. So silver futures in the multi Commodity Exchange of India, my friend Tiki Tiki fell another 9% on Sunday. So so it looks like there is some some potential more. There's some more potential. People are now posting Jeffrey Epstein investing advice like he's he's out here giving advice on how to trade. You really can't make the shit up. They're idolizing this guy. So I don't know, there's so much going on, guys. I feel like we're we weren't even meant to be. What I just remember there used to be days where I would wake up on a Sunday and I would literally just play video games and and then go get pizza with my friends ride.
Speaker 5: My bike.
Speaker 4: Yeah, now I wake up on a Sunday and read 10,000 files of the Epstein files. So you know, things have definitely changed. What do you guys, what do you think is going on here with these, with this Epstein stuff?
Speaker 5: I think a big distraction, personally, I think it's to keep everyone busy, keep everyone occupied, keep everyone's finger off the pulse of the We saw the largest liquidation event. Then we saw the The next day we saw the largest liquidation event again. Then we saw the 10th biggest liquidation event in crypto. I think they they're just trying to keep the people away from from from from the money.
Speaker 4: From the money.
Speaker 5: Yeah, I don't think it's a coincidence that after however many years they were waiting to drop these files, these files coincidentally drop after these liquidation events. I don't know. That's that's too much of a big coincidence to me.
Speaker 3: OK, I.
Speaker 4: Asked one of mine sorry to disrupt. I asked one of my neighbors just randomly as our possum, do you see what happened to the gold and silver prices? What what He just said no, I didn't. What happened? Absolutely no clue. Just gone about his day. Doesn't know what's happening. Like that's that's that's state of most of the people. They don't know what the price of gold and silver is doing. They don't know what it what anything is going on. Well, it's not being covered at all. I mean, you, you can't find it. I mean, the only place you'll find them talking about it are the depths of Internet forms, financial forms, financial YouTube. I mean, I got a, you know, I got YouTube videos about gold and silver pumping that got 13,000 views, you know, so that's, that's the only place you're going to find it. What is mainstream media covering? Oh my gosh, dude, Kylie Jenner's new fucking lip filler and.
Speaker 6: Have you tried it though?
Speaker 4: And Charlie d'emilio's new liboo Boo.
Speaker 6: Did you get 1? I tried the lip bumper, not the liboo Boo.
Speaker 4: Yeah. What time do futures open? Is it in seven at 6:00 or 7:00?
Speaker 5: 35 minutes.
Speaker 6: June.
Speaker 4: Really.
Speaker 5: Yeah.
Speaker 4: OK, Sunday, 6:00 PM Eastern. What do you think is going to happen tonight guys?
Speaker 5: Well, Tennessee lower, I think it's going to be we're going to see a lot of movement either way. I think you'll know pretty quickly which way it's going to be moving. I don't expect steadiness. I expect, I'm expecting a like probably 100 dollars, $200 swinging gold off the off the jump did.
Speaker 3: You see did.
Speaker 4: You see what Jim Cramer said about Michael Saylor pumping Bitcoin up when futures open? No, he, I, I guess he came out and said that sailors should pump Bitcoin above 80,000. So people call for a like a double bottom, ignoring that we broke down below 80. But I don't know. And you know, you know, Kramer, sometimes he's a in or he's always an inverse signal. So we might actually be going lower as far as crypto goes to inverse. Kramer is outperforming Nancy Pelosi's insider information. Yeah, bro, it's a phenomenon. Yeah, yeah, yeah, absolutely. I watch Kramer. I watch Kramer. You watch the show. No, I watch what he says. I mean, he usually tweets it out. I mean, yeah, I know he has a show, but he usually tweets it out. And it's like every single time he's tweeted throughout this, this bull market, the complete opposite happens with crypto. Outside of maybe one or two times where I think one, one time in the last year where he was actually right on something, but people still listen to what he has to say. Just 'cause you have a lot of fans or a lot of followers doesn't mean doesn't mean that you're right. You know, it doesn't mean that you're right. You see this on Robin Hood. You need $95,000 of margin just to trade silver futures now.
Speaker 5: What did it used to be?
Speaker 4: What did it used to be? Yeah. Like did they used to require you? I don't think it was a lot at all. I think it was, yeah. I think that they increased next to not very, very little margin requirement $95,000. You can do 14 people for leverage. Yeah. I don't think they want people in there bro.
Speaker 5: Yeah, because that that was always an issue. We when we used to go around in the gold trading, we can never take clients in any American or American owned country. So you had bans against Metatrader etcetera. And like, I guess it's like personal brokers in a way, but but no American, you can never take an American client as such.
Speaker 4: It was. It was $12,000. It was 12,000. They hiked it up to 54,000 Burke, and now they hiked it up to, I don't know what you said, 9595 thousand.
Speaker 5: Oh.
Speaker 4: Oh, you're saying you're saying it used to be 12,000. It used to be 12,000. Then they hiked it up to 54,000 and now it's where it's at right now, 94. So they've increased it, probably trying to keep the regular people out, of course. Well, bro, it's crazy. Some people are allowed yo, And we say that a lot, like we've said that so many times in so many different aspects. But but seeing like the elite pretty much have God Mode and I don't know, you know, it's all it's just it's just becoming super, super clear that there's a line being drawn in the sand. It it's not even pretty much have God Mode. It it's literally have God Mode. I mean, in these file, in some of these files, they talk about how, you know, the, the, the markets are completely rigged against the average person, you know, and he and Jeffrey Epstein was trading, what was it? Shipping futures? He was shorting shipping futures, not just him.
Speaker 6: I mean.
Speaker 4: Yeah, I know. I know. Dude. I got it. Yeah. I mean, his bank account is literally a nickname for Satan. I mean, you know, this is who. This is who you're trading against. This is who you're trading, guys. You're literally trading against Satan. I mean, I'm not even. I wish I was joking.
Speaker 3: God's money is going to take them out. Watch you think so? Oh hell yeah.
Speaker 4: They're trying everything in their power to to crush it though. Aaron, what do you think is going to happen this?
Speaker 5: This week with.
Speaker 4: Precious metals.
Speaker 3: That that price drop, dude is it was common cool to me, honestly. Like I said, my oz is still a oz. I know their games they're playing. We're 100% going to beat them. Yeah, but what about feds? Gold ends the feds silver ends the banks. The people's going to understand why.
Speaker 4: Yeah, yeah, yeah. You got to be careful talking like that, Aaron. You know what they do to people that talk about like, talk about ending the bank and the Fed, right?
Speaker 3: Yeah, yeah, fuck them. CZCZ shared your shit. I seen bark. Yep.
Speaker 4: You. Oh yeah. He's in here all the time listening.
Speaker 3: Yep.
Speaker 4: Yeah, he's in here all the time listening. Michael Saylor's in here talking on an alt account. Some of you guys have heard him. I mean, it's this is just normal stuff. We've got government employees with great checkmarks listening in here. Defense contractors, Department of War, SEC, Department of Justice, FBI in these spaces, listening for information. We're up in the war room. You don't think that they have? Are these tweets up in DC in the war room? Come on, fam. Come on.
Speaker 5: Search What have you used the insider?
Speaker 4: Yeah, insider. I hardly know her. OK, so so Aaron, you're bullish for, you're bullish from the for metals, precious metals, gold in the long term, but what about this week? What do you think is going to happen? Futures open up in 30 minutes.
Speaker 3: Man, it's all click of a mouse man that can change it to any price they want like they did oil. It went negative. You know, so it really don't bother me price actually don't bother me. Like I said, you're late whenever force majeure and I'm going to stick to that.
Speaker 4: Just going to keep smiling through it, right?
Speaker 3: For sure, as long as I can still see and touch my shiny I'll be all right. I don't know how crypto Bros do it man. If I can't see what I got bro, I'd go crazy probably.
Speaker 4: So, so, OK, so you talk about they are manipulating it. Let me ask you a question. Just who is they?
Speaker 3: The big banks, JP Morgan and all them that that shuffle contracts, you know what?
Speaker 4: I'm Jamie Dimon, brother.
Speaker 3: Yeah, they're the only ones that can do that. You, you go try to bark, go fucking short what they do and stuff. You, you go, you be in fucking prison. You won't have no white card like like website. You won't have nothing. Your ass is gone.
Speaker 5: Emperor Palpatine.
Speaker 3: Hey Bart, have you ever seen The Fall of the Cabal? It's like an 8 part series.
Speaker 4: Dude, I I led the fall of the Cabal. Yeah, I was about to say we. I don't think you. I don't think you have. I watched it, bro. I had that. I had the fucking. We were out in the front. We were on the horse out in the front with the sword in the air, you know, aimed at the sun. Come on, man. Dude, follow the Cabal. We led the fall of Cabal. Where is the fall of the where? This is the Cabal. They're nowhere to be found. They're they're they're gone. They're playing among us. You know the money ran out. You know it ran out. They're playing video games, watching us, listening to every space, looking at every tweet, filming at the mouth, frothing at the mouth, twiddling their thumbs, wishing that they had just done things a little bit differently. This will be a a historic week for markets. Most people have no idea what's coming. We just witnessed the alleged precious medal. All eyes and futures tonight. All right, it's going live.
Speaker 5: It just feels so hopeless, you know, like, like, what's the next plate? There's it just feels hopeless, like there's no option. You can't just save your money, hoard your money because the dollar is just devaluing in front of your face. You can't, you know, try to plan your play in crypto because, well, they'll just do whatever they want with that. And then you think, oh, well, let's look at precious metals. And now that's just a great manipulation. Like it feels to be somebody who's just average, It feels very hopeless to figure out what to do for your future and your family's future.
Speaker 4: You think you think it's hopeless it.
Speaker 5: Feels that way. It feels like what you know, like just really trying to figure out what is the, what's the play? What's the next play? It feels like no matter what you do, it's just going to be pulled out from under you do.
Speaker 4: You think there's any chance for the average investor these days? Like how do you make money these days?
Speaker 5: Exactly. I don't know. That's what I was just talking about in Myspace, Like right now, I don't feel like there is a way to make money there, even even just Fiat, you know, like it's you're just on a hamster freaking wheel.
Speaker 4: Maybe you should take some advice from from Jeffrey Epstein here, which is going viral on X about investing.
Speaker 1: Experienced and successful traders.
Speaker 2: And you ask them how?
Speaker 1: They know what's going on. They can't give you an answer. They don't.
Speaker 2: Know.
Speaker 1: They feel it. They can feel the way the market's moving and they can feel the way this stocks.
Speaker 4: They can feel the way the the markets are moving.
Speaker 1: And that these not very well defined terms. It's not it's difficult to put in mathematics terms. How did I feel it? You could look back and make guesses what I was seeing. But great traders feel it and then act on their feelings.
Speaker 2: That's the difference.
Speaker 4: Spam the 100 if you agree with Jeffrey Epstein.
Speaker 5: Oh dude, they they don't feel it. They made the plan with their friend and they knew it was going to go through.
Speaker 4: Just spam the hundred guys.
Speaker 5: No, no, no.
Speaker 4: He's spot on right? Spam the 100 spam.
Speaker 3: The 100 if you.
Speaker 4: Agree with Jeffrey Epstein. He sounded like he was from Boston with Jeffrey Epstein just trying to make a couple dollars. I just need to invest my money and make a couple dollars. I don't need to be too rich. So yeah, that's crazy. People are. This video right here has 300,000 views. Jeffrey Epson says the best traders act on intuition. Look at the comments. This is great advice. We've lost the plot, guys. We're losing the plot. I mean, we're we're we're genuinely losing the plot. Yeah. I mean, I don't know where where do you, if you want to make money in the long term, where do you put your money? Where do you invest your money?
Speaker 3: You better learn like a trick or start a business or something.
Speaker 4: Yeah, OK, Go start a business. So that can be taxed at 50%. I agree. I agree that is it all an illusion? I mean, I'm genuinely curious, is it all an illusion?
Speaker 5: It is. It is.
Speaker 4: You know, unless you're waiting to be, unless you're ready to be rich when you're 90 years old, like Warren Buffett. You know, Warren Buffett made 95% of his wealth after he turned 65 years old. He made 95% of his dwellers after he turned 65 years old.
Speaker 5: I always go back to what Grant Cardone told us, he said. You you just have to get as close to the money printer as possible, and as soon as it touches your hands, you've got to get rid of it.
Speaker 4: OK, OK, let me go apply that real quick, all right? What am I supposed to do with that advice? Defy.
Speaker 5: Well, find where I picture it like the the the flow, right? See where the money's flowing, get as close to the front of it as possible, and then take that money into something something else, depending on, I guess, your risk appetite.
Speaker 4: Yeah. OK. So there's nothing to buy. So, so no answer there. OK. If I want to turn a couple dollars into into some more dollars, where should I put the dollars? Can anybody give me an answer literally, because I was told that gold and silver were safe investments, but I don't even know who told me. Reckless. I was screamed at to buy gold and silver and it went down 50% in one day. So we're going to find out here in in 24 minutes what's going on with gold and silver. But yeah, where's the where's, where should we be putting our money? I'm also seeing now look at this right here. Somebody's calling for a I've never seen this level of technical analysis of my life. They're zoomed out so far on this fucking chart it's not even funny. Let me see here, somebody's saying it's a 45 year cycle began in 1980 and ended in November of 2025. The previous 45 year cycle began in 1933 and ended in 1978 and it's the Dow Jones to gold ratio. Y'all heard of this one? Dow Jones to gold ratio?
Speaker 6: Interesting.
Speaker 4: Maybe I should make a post about it.
Speaker 1: Sounds familiar with that I didn't remember.
Speaker 4: Futures market open OK, so then they tweet about this. They don't tweet about this very often. This person doesn't tweet very often, but when they do, I think it's pretty serious. Let me see. Just let me ask, let me ask Rock here, explain if this is a true investment thesis and the likelihood it's true percentage wise. Let's find out OK, so the Dow gold ratio, OK, let's see here. This is a macro contrarian gold oriented analysis that's popular in certain finance circles during periods of high equity valuations and geopolitical economic stress. Whether 2026 truly becomes another reset year with new monetary system, digital sentiment shift, CBDC acceleration Rock literally says that we're getting CBDCS guys and this whole Epstein dude. This is also when somebody talks about this Epstein stuff. I mean, guys, look, there's a lot of weird shit in there. I'm not. So I'm not so keen on just reading into the, the, you know, I'm not so keen on just to going into the, the dark stuff. I'm more interested in information that could potentially pertain to me. You know, again, I'm not so curious as to what they're doing. I'm curious as to money following money. Where is money, where money is going? And there's no denying that there's a lot of Bitcoin mentions in here, including some MIT funding, some laboratory funding, some knowing the Bitcoin founders. I mean, he literally, you know, Epstein directly mentions or directly calls out some of these people, man, some of these Bitcoin early developers, these core team members. In one specific article, Epstein even recalls, you know, taking control, quote, UN quote, taking control of three of the five Bitcoin Core developers. These are not no, these are not people that were a part of it, like mining or anything. I'm talking people literally on the development team. And yeah, so this is a lot of new information guys, about where Bitcoin came from, so.
Speaker 6: Do you think those individuals were compromised in any way?
Speaker 4: Yes.
Speaker 6: Black what's called blackmailable, essentially.
Speaker 4: Yeah, I mean, yeah, blackmailable, white, white, mailable.
Speaker 6: Yo shout out to the white males. Respect.
Speaker 4: Yeah, where does the term blackmail even come from?
Speaker 6: Same place that Jimmy comes from.
Speaker 4: Yeah, yeah. So do I think that dude did like, I want you to understand that the the chances of Jeffrey Epstein, Jeffrey Epstein getting like compromising the core Bitcoin team is non zero. You know, it's non zero. I'm not even trolling. The fact that like Satoshi Nakamoto, Satoshi Nakamoto is not a person. It's a, it's a group of people. But the idea that Satoshi Nakamoto could have been compromised by Jeffrey Epstein is nonzero. How ridiculous is that? I mean, really, this is not a, this is not some summertime lullaby, you know, picnic or as, as Peter Schiff would say, a Sunday school picnic. He loves that one. I'm gonna start saying that this ain't a Sunday school picnic, guys. This ain't all sunshine and rainbows. Let's just see here because nobody has any information or everyone's too afraid to say it. Give me a detailed analysis of Epstein's relation to Bitcoin from the new files that have dropped and the likelihood that Satoshi or the founding team is compromised in this ring. Holy shit. Now I'm asking Gemini, which is owned by who owns who owns Google? Oh, Larry Ellison. Who's Larry Ellison? What's that like? Go look at him. Go look into his background. All right, so I feel like I'm losing my I feel like I'm a little bit I am starting to.
Speaker 6: Lose I post this I sent it you know that's OK we're here for you bark, you know whatever you.
Speaker 4: Need.
Speaker 3: Well, we're going down to rabbit.
Speaker 4: So that's what they want to do. My head is getting bro no.
Speaker 3: No, no.
Speaker 4: There's no psychosis, yo. We see clear as fucking day, yo. It's the reason. It's just shocking, yo. It's shocking. It's jarring.
Speaker 3: OK, that's why it all can't come out at once. Bark, motherfucker.
Speaker 4: You know what, Bark? You have a you have a conscious, A moral compass. You're a good person. So when you see all this stuff hitting you all day, it it changes. It's it changes things a little. Yeah. It changes things. Yeah. And nothing will ever be the same, guys. OK, So guys here. Here's what I want. Here's here. OK, when I talk about head spinning, you mean so I would say that a psychosis, a psychosis is is is more how do I put this? Psychosis means that you go kind of into a La La land and you enter into some sort of realm that is not real, where you're seeing things that aren't real, you're hearing things that aren't real, you're believing things that aren't real. This is not psychosis, OK? Psychosis is you, you, you. The lines between what's real and not real are being blurred and against your own will and you know, and you have no control over it. This is not psychosis to me. This is basically the fact that it's a complete opposite. It's coming to it's coming to the light, it's coming to the truth. All of the things that for the past 10 years have been conspiracy theories and things that have been, you know, untrue or things that people have gotten banned from social media for saying or things that people have gotten fired for saying. Things that people have gotten and guys, I'm I'm not even joking, have gotten killed for saying the things that people have gotten killed for saying just years ago are now being posted with full confirmation on the Justice Department, the.gov government website, 3.5 million files. OK, so when somebody says yo, Satoshi was Satoshi was compromised by Jeffrey Epstein, that's hilarious, right? Like, you know, but but now you know, here we go. So Satoshi. So let's just see here. So there's a direct financial pipeline from Epstein to the MIT Media Lab. Guys, this stuff just came out by the way. You know, this is not stuff that we've been sitting on. This is brand new stuff. So, so this is the files confirm a direct financial pipeline from Epstein to the MIT Media Lab, which was the primary funding source for Bitcoins core developers, the Joy Ito connection. Joy Ito is the director of the MIT Media Lab and he was a close associate of Epstein. Epstein funneled hundreds of thousands of dollars into the MIT Lab. Now here's where the compromise comes into play. The MIT Media Lab used these funds to launch the digital currency initiative, DCI. The DCI paid the salaries to the Bitcoin core developers, the people maintaining bitcoins core code and Epstein. So Epstein sex trafficking money effectively played the salaries of people building Bitcoin score infrastructure during the critical growth years. And in an e-mail reference, he says that he had taken control, quote UN quote, taken control out of three of the five of them who are unnamed, they're blacked out. Their names are blacked out. You know, it's, it's, it's very, it's very fucking, it's very concerning. I'm very concerned over this now, you know, you could say it's just all a conspiracy theory. It's everything's a conspiracy theory. Bitcoin's at 77,383. They want a Michael Saylor liquidation. You know, there's a lot of money out there. I don't know, there's just a lot of stuff floating around right now, guys. And, and holy moly, it's the opposite of psychosis. It feels like my head just keeps spinning around on top of itself. I woke up today just because I started reading them last night and I was like, I'm just going to go to bed. I'm just going to do this today because I also don't want to take anyones word for it. I want to go do it myself. So I went through and I was reading them but Oh my gosh guys, it's like I'm being everything I've ever been told is a fucking lie. And it's not just Brett or some crazy lunatic coming up here and saying it. You know, Bret's not a crazy lunatic, but he would be identified as a crazy lunatic by the normal population. Now, Brett, people owe Brett an apology. People owe conspiracy conspiracy theorists an apology. I want you all. By the way, futures open up in 14 minutes. So Papa Perk, let's go. But, you know, we owe conspiracy theorists an apology. Conspiracy theorists were right about just about everything. There's just a few conspiracy theories that have yet to be true, and that's because they they're the end, you know, this is the end of the game. You know, that's how they end the game with these final, the final conspiracy theories depict the end of human civilization. Well, the end of a certain end of all humans except a certain religion. Only one religion makes it out. You can, maybe you can guys can figure out who that one is. Nobody wants to say it, though, So except for Webb, who's going crazy and might notice just going back and forth with a rib about nothing. So. OK. So silver futures and gold futures open up in 14 minutes. Guys, I'm very, I don't know how to say this. It's not an excitement, it's not a fear. It's just a it's awareness that something crazy is going to happen. I called Shibo about a week ago and I told Shibo that something huge was about to come. Something massive was about to come. Like it was draw jaw-dropping, jaw-dropping. Most people, most people aren't going to be able to handle it. They just won't be able to handle it. And it did. It did. Guys, look at what we've look at what's happened in just the past couple days. Again, I pinned it up to the tweet at the top. Oh, yeah. And if you guys don't, if you guys think that it's going to stop coming, it's it's going to keep coming. Every day you wake up, something massive is going to come. And you know, this is, you just have to get used to it every single morning, every single morning you're going to see it and something massive is going to come. So I just pin it up to the top. It feels like that these days too, sometimes at night as well. All day you're getting hit. You know what I mean? Is there's there's no more. There's no more calm days.
Speaker 5: Well, the Great Oz Curtain is now down, right? So it's no hold barn like you're just going to. They're going to be coming out of the woodworks with finding more information about everything.
Speaker 4: So, yeah, absolutely. The curtain, Well, the curtain, yeah, the curtain is now down and people are waking up to the fact that, you know, everything's a shit show. Now. Here's the thing. Do they get society back on the rails or do the society start to go off the rails now? You know, is there going to be some sort of revolution? I mean, financial revolution, certainly. I think the dollar collapsing ties in with the a failure of society. And that's kind of what these Epstein things and all this stuff is going around. You know, my head is spinning because I also know that in, in at the end of this phase of the cycle, right as Ray Dalio, as Ray Dalio talks about the stages of monetary of a monetary system, Ray Dalio, who's the the founder of the world's most successful and largest hedge fund, says that we're on stage 5, on the brink of stage 6 of the monetary policy and stage 6 is the, the, the dollar Fiat currencies collapsing and a bunch of other potential factors that we can talk about. But you see everything that's going on and I look, I've been I've been watching news cycles. I've been trading stocks since I was, you know, in high school. I have I was on Robin Hood trading stocks, doing Chinese stocks. I was huge into Chinese stocks just like a crackhead dude, just couldn't help myself. I've always been a crackhead, but I mean, legitimately Adderall coffee and stocks that that shit was hitting and then I needed more. So I got into crypto and then I needed more so I got into fucking NFTS and meme coins and here I am. I'm just a recovering crackhead that that is addicted to financial gains and losing money. I'm also addicted to losing money. It's one of my favorite things to do is give it all back to the casino. But as I think a lot of people are. But all of this is a part of a greater picture and there's something much bigger brewing beneath the surface. All the experts are pointing to the same thing. The AI overlords, you know, society, you know, the monetary systems falling us re pegging to de pegging and then re pegging to gold. Guys, imagine getting unpegged and then re pegged.
Speaker 6: And then imagine that.
Speaker 4: Happened to you like 10 times in a yeah, imagine getting unpegged and then re pegged. That's what they want to do to the dollar. We're about to unpack from gold and re peg to the dollar like that's gonna hurt. It's gonna be painful for a lot of people. A lot of people have never been they've never been through something like that. So, you know, if it's your first, if it's actually no one on Earth, at least no one in this Twitter space has seen anything like that hasn't happened. And and especially in this Twitter space. So I'm wondering.
Speaker 6: Like if that happens you have to DM shield so you can guide you through it.
Speaker 4: OK, Yeah, absolutely. Guys, just keep in mind there's a lot of new people in these spaces. So I'm just trying to break this down on a simple level. Normally we go much deeper, but we're going to keep it. We're going to keep it nice and and easy for tonight. We're gonna keep it nice and easy so we have 9 more minutes until futures open. I've got all of my resources pulled up, guys. I'm using trading view for charts. Trading view, I'm looking at AG 1! That is silver futures. That's the code for silver futures. You can track it on your own. I've got the five minute candle pulled up, so we're going to be watching it super closely as we jump into as we jump into the beginning of the week.
Speaker 3: What I'm interested in is, is because they were still selling silver for like 130 something dollars in China. That's why I'm interested for this opening right here, by the way.
Speaker 4: Well, I'm going to tell you exactly what it's trading in China for right now. Aaron, let me go pull that up as well. Appreciate it. Yeah, and I'm going to tell you India as well because they're they're in the game now. You know, India is actually the the largest holders, like the retail holders of gold. Like, let me see, India retail holders of gold. I think the Indians have been collecting gold for a long time. Yeah, look at this. You ready? I just found this out. India households are the world's largest private holders of gold, possessing an estimated 35,000 tons, which is over 10% of of gold valued at 5 trillion. This massive, largely unmonetized stockpile is nearly four times the official reserves of the United States and accounts for Look at this 16% of all gold above ground is on Indy. They're just wearing it like in jewelry. It's an it's an absolute insanity of gold goes crazy because pretty soon you're going to be working for Indians. You're going to be on fiver getting hired by an Indian. How does that feel? You're going to be on Upwork getting hired by an Indian because you didn't buy any gold. Imagine that, guys. OK, that's not funny. OK, So yeah, this this is this stash is in say it's huge. This stash is huge. So, yeah, look at this. Most of it is in the form of jewelry, often passed down through generations. Yeah. I mean, the the Indians love gold, dude. They love gold. And they love cooking with their hands. They love that, too. So, you know, and maybe their feet.
Speaker 6: Supposed to cook with your feet.
Speaker 4: Yeah, So, yeah, So this is so it's it's considered a vital financial, social, cultural asset in the world. I don't know. I just thought that was super interesting. Here we go. Here's some spot prices. So right now right now I'm tracking gold. I'm tracking excuse me, silver I'm tracking it for 113 dollars, $113.00 in India. OK, so tracking 113 in India I'm also tracking it at $121.93 in Shanghai on the closing spot. But I do have Shanghai futures, guys, if you're, if you don't have Shanghai futures, if you're, if you're, if you're following somebody for precious metals information and they don't have the Shanghai futures, don't add this account, OK? There's levels to this shit. OK, But I have Shanghai futures. Shanghai futures at 113 and 86 cents. Now that let's compare that quickly. Western spot close at $86.66 and we're getting futures information in 6 minutes. This is like a kid in a candy shop, guys. I feel like I'm about to watch the new Star Wars or I'm waiting for the new the new Star Trek to come out.
Speaker 3: I remember the brain.
Speaker 4: Going good to keep the brain going. I remember when the new Call of Duty came out, I was my teacher in middle school. My teacher in middle school came on the announcements and he said the new Call of Duty is coming out tomorrow. I just want to let you know that is not a valid excuse to miss school. And I did miss school for that day. OK, so premium. So let's just look at this. So it's for Shanghai. We're seeing a pre a price premium of $37.27. That's a 44% over western spot. I mean, that's a pretty big deal. Now, again, these are closing prices on Friday. A lot has happened since Friday, guys. A lot has happened since Friday. This has not been a relaxing weekend. Now, if you've had some red wine, it's take, I'm going to tell you something right now. Red wine, highly, highly recommend. OK, Now, I don't recommend drugs and alcohol. It's not for everybody, but about an entire bottle of red wine, it kind of it. It just kind of does the job, you know what I mean? OK, but really, lock in. What's up, Aaron?
Speaker 3: What about David Bateman trying to buy $200 million worth to Constitutional silver the other day and to drop?
Speaker 4: David.
Speaker 3: Bateman, yeah, he was trying to buy $200 million worth to 90% silver. And Miles Franklin, one of the biggest around, said, hey, he can give him fairly easy 10 million worth, but that's far from 200 million.
Speaker 4: But they're not good. They're not going to let him buy it, right?
Speaker 3: If you could find it like I said.
Speaker 4: Yeah, you can't find it. This is it. You can't find it. It's all one big psyop, fam. Yep.
Speaker 3: Exactly. You're not. You're not. That's why I buy stockpile and gold tether and all that. That you, you can't stockpile silver. There's not enough.
Speaker 4: You ask me a question or ask me or, or ask yourself this. Tether, the world's largest issuer of stablecoin. I actually think Tether is one of the richest companies, isn't it? Aren't they the most profitable company in the world? Tether company? Yeah. Look at this guy's revenue is is generates how much how much profit per employee do you think they they generate? Let me give you hold on before you say an answer because you guys sometimes with these answers, hold on, swear. OK. So, so yeah, OK, just if you just had to guess the profit per employee, a Tether 15,000,000, 15,000,000.
Speaker 5: Each. I don't think they got that yo y'all. I don't think they got that many employees.
Speaker 4: Y'all are smoking crack guys. How?
Speaker 6: Many employees do they have.
Speaker 4: OK, look, it's just this is just a guess, OK? This is not AI, Was just expecting a number all right.
Speaker 3: Well then the type of answer you're talking about bark.
Speaker 4: So look, I'm just going to say they make, they make $93 million, they make $93 million per employee. There's 150 employment, right, 100.
Speaker 5: And fifty. Well, my guess wasn't enough, but then no.
Speaker 4: Idea if I was just messing with you pal.
Speaker 3: All right, I took that back. It wasn't that bad.
Speaker 4: I was just, I was just messing with you bloke or just messing with you bloke. So look, guys, let me ask you a question. Tether, the world's most profitable crypto company per employee. It's it's it beats Apple and BlackRock. And the reason guys, it has stable coin reserves. It's earning interest on a stable coin reserves rather than relying on transaction fees. But let me ask you a question. Why didn't Tether go buy Bitcoin? They're a crypto stable coin. Why did they go buy gold? I thought Bitcoin was digital gold. Why didn't they go by monad?
Speaker 3: Peter Schiff tokenized gold.
Speaker 4: Why didn't they buy Monad? Why didn't they buy? Why did they buy gold? Oh, look at Tall. He can't help himself. Tall's just fucking spam in the way of emoji, frothing at the mouth. You know Tall has read the entire I'll tell you what. I'll tell you why they didn't buy Monad. I'll tell you I need uppers at the.
Speaker 5: Moment.
Speaker 4: I need uppers. Look, if you're not taking stimulants or amphetamines, do not hit requests like that's.
Speaker 3: Guys, this.
Speaker 6: Isn't a game right now.
Speaker 4: That's where I'm at out.
Speaker 3: Of tension.
Speaker 4: Look, we need to, you need to be on 1.5 speed, guys, we have two minutes or speed, we have two minutes, 2 minutes until silver futures open. This is the scare. This is the most this is the biggest day of my life.
Speaker 1: I'm freaking out man.
Speaker 4: I'm freaking out man.
Speaker 2: Freaking out, man.
Speaker 4: I'm freaking out, man. Look, a lot of new people on these spaces, guys. I get it. This is this is welcome to the face of finance. You're here for the financial news. We've got it for you. We're also going to tell you how Epstein might have founded Bitcoin. OK, It probably did. Guys. It's a 5050. And judging by the fact that everything else has already came true, it doesn't see, you know, the fact that that's already a rotating conspiracy theory. Everything's a conspiracy theory until it's not, right? But either way, I digress. One more minute until futures open, man. So guys, grab grab a seat, make sure you're nice and comfy. Make sure you're following the host and the Co host and the stage. We got a great stage up here. What's up?
Speaker 3: Man, I put a thing about the Bible about trusting man inside the comments if somebody wants to read it.
Speaker 4: Somebody says most people have no idea what's coming except you pointing to me. Very interesting. Sounds like. So it sounds like you, this guy knows all about things coming. Things like he knows all. It sounds like he knows all about things coming. OK, let's go, guys, grab your horses. The the trains are booting up. The machines are booting up now. They're taking a minute to get go. There we go. It's starting to go. Come on. Come on, buddy. Come on, buddy. We are waiting for. We are still waiting for a price update. So, yeah, I guess it's just they're taking a second to get going. It is kind of weird, though. Why isn't it starting?
Speaker 5: Oh they they just wait there. 100 dollars 4772 on gold. Gold's at 4772.
Speaker 4: Up or down?
Speaker 5: Up, down, down $100.
Speaker 4: They're saying it's down. Down 100. Wow.
Speaker 5: Straight, straight off, open.
Speaker 4: Straight out the straight out the scam, they're just, they're just getting, they're starting to scam now. Where are you seeing that?
Speaker 5: Trade in view.
Speaker 4: Are you looking at AU1 apostrophe?
Speaker 5: No, I've got CFDS on gold.
Speaker 4: CFDS Oh, you're just looking. You're just looking at.
Speaker 5: Gold Gold per oz.
Speaker 4: You're not looking at gold futures.
Speaker 5: No gold, just XAUUSD normally.
Speaker 4: Yeah, you need to look at futures because that's, that shouldn't be, that shouldn't be trading yet.
Speaker 2: Yeah, CFD market's a bit different than than the futures market, right?
Speaker 4: Yeah, I'm seeing 4900 but.
Speaker 2: Yeah, contracts are just difference can be. I don't know how different.
Speaker 4: Yeah, I'm, I'm, I'm waiting to get a I'm waiting to get the candle here. I don't know, I'm seeing 4900, but maybe I'm I don't want to misquote it. I don't want to miss say it on.
Speaker 3: Jam bullying. It's almost 48.
Speaker 4: 48 yeah, this is the thing guys, everybody has a different price. I mean, how do you calculate the how do you actually calculate? You know, just an interesting thought for you. OK, The, the more of an asset that's out there and the less connected the market is, right, The the slower the market or something like precious metals where there's a lot of unknowns, right? It's a lot of estimations and guesswork versus crypto. You can find the the cool thing about crypto is crypto is a distributed decentralized Ledger. So you can audit the Ledger. The ledger's audited all the time, meaning that if there's balance changes, that's reflected instantly. So in the case of gold, we don't know it's in Fort Knox, but in the case of Bitcoin, we know it's in the government's hands, right? It's labeled like the wallet's labeled. You can track it. So you know, so gold and silver and precious metals, man, I'm not going to lie, the price action for these assets is super shady. It's really, really shady. And it's extremely suspicious because the gains that are possible from gold and silver are extreme. You're talking guys, this is not a small market. Manipulation of a of a small market is only as good as how much liquidity is available in that market. So if you manipulate a, a meme coin, for example, AT100K market cap, there's not much for you to gain. There's not much really really there in liquidity, maybe a couple $1000. But if you manipulate the price of gold and silver, the the ability to create massive opportunities for a very small percentage is, is incredible, like a 1% claim, 1%, like just to even own 1% of the market cap of gold is, is massive. You're talking hundreds of billions of dollars. So if somebody can figure out or some bank or some cabal or something can figure out how to, how to take advantage of, of price action of some of these assets, there's a lot of money at play guys. So, you know, and, and this is the really, really weird thing about this. Well, it's not weird. It's just when you think about it. But here's the thing to think about. This is the biggest, you know, on Friday, in my opinion, we witnessed the biggest financial crime in history. Really, it was the biggest, it was the largest destruction of market cap in history. And we watched it happen live in spaces in just a few minutes. This was not and guys, here's the other thing as well. And I'm talking about gold and silver getting wiped. I'm talking about silver going from I want to say that it was at 1:21 and it went down to 70 something. OK, so 75 I mean guys, you're talking 35 plus percent drawdown this it looked like it looked worse than Ethereum. It looked worse than soul. It looked like fart coin. It looked like a meme coin. A 35% drawdown is in in insanity. So somebody, some group or some group of, of people, they, they worked together, some group made a lot of money and nobody wants to talk about it. It was, it was in my opinion, the largest financial heights in history. And people can say, oh, it was this and it was that. No, I don't, I don't buy that shit for one second. Silver went down 35%. I don't buy that this was an accident or this was some sort of the money didn't go anywhere. The money always goes somewhere. It can't, it can't be destroyed. You can't destroy the money, can't delete the money. They're never going to delete the money just has to go somewhere. It changes form, it changes, it changes where it goes, it changes form, it changes hands. And the fact that that that financial move is so obscured is extremely concerning. What's up, Aaron? Guys, I'm seeing spot right now at 8257.
Speaker 3: How many physical oz were moved for that price action?
Speaker 4: How many physical ounces are moving? Dude? No, dude, I, I remember seeing that the largest, they were trying to say that the largest move of physical metals in, in history occurred that day and it was 1% of the supply. Bro, that's what I'm saying. Guys, think about this for a second, OK? 16% of all gold is on Indian people in India, on their body in jewelry. OK. 16% of gold now the the largest move for silver, the physical supply of silver being moved is 1% and they're saying the price crash 40% Come on guys, I I look, I wasn't you know I didn't fall off a turn up truck You like that quote I didn't fall off a turn up truck. I didn't I almost did but I didn't I might after reading after finding out that Bitcoin was created and funded by an MIT laboratory that Jeffrey Epstein directly funded and then he tried to. Guys, this gets this gets really deep as well I mean I'm not going to go too deep into it yet I mean it's only 6:00 Holy shit it's 6:00 yeah, Solana's also gone under wow Solana coin market cap. Let's go to Coin Market Cap, a site that I haven't visited, and oh, look at this Coin Market cap. The last point I was looking at. Just a chill guy. Just a chill guy. Just a chill guy. At 11,000,000 market cap, just a chill guy. It looks like inverse Kramer was right. What?
Speaker 6: I mean, we're dumping.
Speaker 4: Yeah, Duncan, he said, he said Michael Saylor would swoop in and pump it up past 80,000 to 80. Yeah, yeah, yeah, yeah. So why don't we just why don't we just go for a crypto price uptake? Guys, here's let me tell you something, OK? We're sailing into some choppy waters. All right, globally, everything, we're sailing into choppy waters. All bets are now off. This everybody was wrong. The only guy that got this right was that guy on 4 Chan that said October. What was it? October 12th or 10th was the top or 8th or 5th. He some guy on 4 Chan called the top and he said people want to believe that it'll be different but you know it won't be. And then he calls the next bottom as well. Can somebody find that tweet? Where's tall at man? Where's tall? Let's get tall up here. I need AI, need AI, need someone that's going to put the shovel the coal in the oven. OK, I need AI. Need a worker up here. Too many. Everybody up here is chilling, drinking their red wine already. What'd we say until 6:30, you guys? So look, let's give a price update. Bitcoin's at 76,000. Bout to drop to 75 guys. Michael Saylor has lost money. Michael Saylor is in the well. He hasn't lost money, but Michael Saylor is now in the red 75912. Guys, hold your hold on to your fucking diapers, guys. Ethereum 22 2234 dollars guys Ethereum holy shit Bitcoin 75,848 there is there is some carnage in the streets XRP $1.57 BNB 750 that is just getting slaughtered. But but let's continue going. Solana $99, looks like it's about to dip under 99 go to 98. Dogecoin still holding at 10 cents, 1010.2 actually holding better than better than a lot of these bitcoins down now to 75,800 and it's down 12% on the week, 2% on the day. Man, it's just getting wrecked. Let's go take it. Let's go just a couple more. I mean, Manera also getting getting hit. I mean, nothing's really in the green. The only thing in the green right now is hyperliquid up 33% on the week. Shout out to hyperliquid. Although it did get, it's at $29.00, so it's still down significantly. Maybe a buying opportunity if you believe in that tech. I think Hyper Liquid might have been might have been the the outlier. I think it's kind of a pump situation where it's a successful crypto company. But I think pump is kind of just nonsense. I think pump is just a lot of a lot of crap. I think Hyper Liquid is some real tool tooling. But where's Astor? Astor nowhere to be found. I was told that Astor, I was shilled that Astor was the future. Let me go look at the price 1.36 billion market cap.
Speaker 5: Yeah, but what's?
Speaker 4: Oh, Astra's 52 cents 50.
Speaker 1: Three cents, yeah.
Speaker 4: Astra's $0.52. So if you didn't buy Astra within the first week, if you bought it anytime after 99% of people started shilling it, it's there's been zero ways, zero opportunities to make money. The biggest gain was from a dollar to $1.19. But they were told, you know, it was going to the future anyways. I just think it's interesting, you know, when people choose to align themselves with the crypto product or any product, they better be willing to put their reputation on it. So people that call stinkers are gonna get memorized for that. You know, we call winners around here and silver was called at $20. We ran it up to 120. You're still up 400%. And if you take a look at the top assets, I would, I actually replied to Mike Alfred. He said that silver was a a stinker compared to crypto. But I assume I said, look at the six month, you know, bitcoins down 30%, ETH is down 40, souls down 50 and silver's up 122%. Still, you know, it's up on it's up 155% on the year, you know, so outperforming all cryptocurrency by a long shot. So you're still deep, deep in the money on that one, deep into the wind and silver's holding at 82 at the moment. But again, it looks like there's just a, there's a lot of uncertainty in the market at the moment, guys.
Speaker 3: Hey Bark. Also there's billions of dollars that get for advertising for Bitcoin. Silver gets no exposure. Honestly, it's just all facts, you know what I mean? That's all. Silver is just.
Speaker 4: Yeah, there's no marketing machine behind it. It's silver and gold are not, you know, they're not debuting some new some new chip. You know, think about it like this. NVIDIA has to come up with new shit. They can't relax.
Speaker 3: Chad.
Speaker 4: GPT has one more year of cash. OK? A lot of these American companies are running racing against time. Gold and silver are not racing against anything. Gold and silver are outperforming everything, literally, you know, and, and people can take a look at the stock market and compare it to the, you know, they can compare it to certain things. Guys, if you take a look at the stock market and 99% of American stocks, there is no growth. It's either zero growth or it's negative and relative to gold. And people would say that, well, it's not supposed to be relative to gold. It's supposed to be relative to the dollar. You have been psyopped. If you are still measuring the world against the dollar, you have been psyopped. You have been completely psyopped into the greatest scam of all time, which is known as the US dollar. OK, the US dollar's the the, the greatest scam in human history, and now we're just starting to see the the end long tail effects of that scam. Guys, Crypto's still crypto's still just getting fuck it slaughtered man Solana $99. Now let me just put let me just put something into perspective as well for all, for all the crypto heads out here. What's going on right now in the crypto markets is going to present an incredible opportunity. Whether it's Bitcoin eats Solana or XRP or your or a completely new ecosystem. You know, crypto technology is significantly better than any other payment rail that exists on earth. It's the best one because decentralization means that you don't need a third party. So you know, I'm I'm giga bullish on crypto. And if you believe in hard assets and and technology, if you believe in those two things, then you should be looking here at crypto as a buy in opportunity. You know, you should just be getting ready for it. You know, I, I would at least if I were you on crypto on the majors, starting with Bitcoin, I would be DC ING into Bitcoin and I would be DC ING into ETH. And guys, this does not need to be $1000 a day or $500 a day. This could be $5 a day, OK, but I think it's at least turning on a 5 to $10 daily purchase. Now this is all relative to how much money you have comfortably, but I would be putting in a couple dollars a day into cryptocurrency. I would be doing it automatically through recurring purchases on Robin Hood or Coinbase or whatever app that you're using. Now guys, look again the the this is not a, a, a thing that you should be hyper monitoring. This is a set it and forget it kind of thing. I also think that you should be doing a set it and forget it for precious metals. I would be constantly going and grabbing some silver and gold. OK, I would be doing this everyday or every week or every month. Now the gold and silver, probably not every day, but you can also DCA once a week or once a month. So swing by the pawn shop or the bullion store on your way home from work on Friday. When or whenever you get paid from your job, if you have a job but swing home before you go buy some share, before you buy some Fortnite skins or before you go buy some beer. Before you go on DraftKings and fuck around, go pick up an ounce of silver and go pick up a gram of gold. You know your future self well, Thank you. No one has, no one in history has ever regretted doing it. Since the dawn of humanity, gold has been passed down from generation to generation and it's at all time high right now. It's the best asset of all time. It's like the OG Bitcoin fam. So those are highly recommended things that you should be doing because a lot of people ask for investment advice. Now. You know, this is not financial advice. Nothing we're saying up here is financial advice, but this is really, you know, this is really a historic moment. You know, we talked about this guys, look at what happened on Friday, OK? On Friday we saw the largest liquidation in market history. We saw, you know, including long contracts and including the up and down motion because it, because it went down and went back up. You know, estimates of $15 trillion were wiped out of gold, silk, you know, precious metals, precious metals futures, precious metal mining and precious metal mining futures stocks. The mining stocks got killed as well. So you know, which I still think are they're, they're incredibly undervalued, but they were going crazy. They were, they were having like 90% days for a moment, you know, crazy money guys, go check out, go check out precious metal mining stocks. Some of these things are going to be on discount, but you know, a couple of them hadn't had some 30 like a 30% day and then a 90% day. You know, it was basically doubling for three days in a row until the crash. You know, it was pretty intense there at the end. It was like a meme coin, fam, meme coin on a regular stock market. Again, a little bit more risky for those that have a have that appetite. OK, it looks like crypto's catching a bit of a bit here. You know, we do need to see some fucking support come in here. These are all really important levels, guys, mental levels. Ethereum is approaching $2000, you know, XRP at $1.50 and and Solana already hit the 100 Solana. If Solana doesn't hold 100, Solana's going to likely go to and just my opinion. My gut is telling me that salon is going to drop to like $40. That's what my gut is saying, 40 bucks, you know, so just a heads up, just a heads up there could be totally wrong, but you know, Jeffrey Epstein says trust your gut. He says the best traders don't have any. They don't know what they're doing. They just trust their gut.
Speaker 3: He said trust his butt.
Speaker 4: Yeah, he said trust. Yeah, he said trust the, but I think he, yeah, he said that about 457 emails trust the but OK. So yeah, I mean, look, crypto holders, should you be scared right now? Well, I mean, look, I don't know what you expected if you're a crypto holder, I don't know what you're expecting or what you expected. If you're holding crypto, you're holding a volatile asset, you know, you signed up for this. You know, guys, BlackRock recommends 1% of your portfolio to 3% of your portfolio being in Bitcoin. They're, they're not saying that you should have your whole net worth in crypto, which a lot of people in this, in this industry do a lot of crypto people have their whole net worth in crypto. And you know, and then there's surprised when the market goes down that you know, that that they lost so much money. You know, This is why diversification is important. And you're going to learn about diversification the easy way or the hard way. It's up to you how you would like to learn about it. But you do need diversification. You know, Ray Dalio talks about balance, right? And you want assets that counter counteract each other. You want assets that perform in very high economic certainty and very low economic certainty. That way you're always priced in, you know, you're always averaging in. Now he's a little bit more conservative with how he does it. He's on a longer time frame. I think the time frame is shortening, you know, these days right now. I mean, this is just the honest truth. If you, if you are not investing your money at an expert level, you're gonna you're about to go broke straight up. The only people who are about to win moving forward and in society are the people that are act that are using their money at an expert level. They're investing their money at an expert level because the difficulty has been turned up. You know, if you play a game like Minecraft, how many of you ever played Minecraft? You guys play Minecraft. You know, there's a a mode in Minecraft where there's no monsters that hurt you. It's called peaceful mode. Oh, yeah. OK. And, and the, and the economy basically ran on peaceful mode for a while. OK. And then all of a sudden some monsters started spawning in a little bit of inflation, a little bit of, you know, a little bit of stuff going on. And then they took us off the gold standard and then they said that the the dollar doesn't need to be backed by anything. We don't we do not need to hold gold reserves for cash. OK. So you cannot exchange cash for gold anymore. You can exchange cash for what? Nothing cash, more cash and more cash and more cash and more cash and more cash. Do you see the problem? You know the US dollar is on a one way ticket to 0 and people don't want to hear it. People don't want to think it's possible, but it's common. You know you can already feel it. This is why when you go to the grocery store, it is $400.00 for 2 bags of food. This is why when you go to a burger joint, a burger, fries and a drink is like $37. You're saying, what the hell is going on here? You're at Disney World. A pizza's $200 at Disney World, a pizza, 200 bucks. The average cost to take your family to Disney. We did the math on it. It was like $40,000 to take a family of five to Disney. Yeah. And to stay on this, to stay on the resort. Basically, we, we asked Chachi PT to put together the cost for a Disney vacation and, and you know, not that you would want to go there anyways, but you know, put the average cost together and, you know, get the fast pass and like actually have a great vacation And it was like 40 grand. What's up, Aaron?
Speaker 3: There's an Epstein file on Disneyland by the way. But you remember when they did the gold confiscation?
Speaker 4: And Disney Cruise Lines. Yeah, Disney Cruise Lines, guys, why do you think Disney Cruise Lines are mentioned in the Epstein files? I think. Is there a cruise made for children? They were bringing them to the island. They were bringing them to the islands and then taking the transport. Yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah. Guys, we lived in a we live in a fucking yo, really, man, We live in. I'm not even gonna go there. What's up, Aaron?
Speaker 3: I would say the smart people, when they had that gold confiscation, the smart ones like us, they buried that shit, yeah.
Speaker 4: Oh yeah, yeah, yeah. You guys know that they confiscated your gold and if you didn't turn it in, you would be fined $10,000 and 10 years in prison. And $10,000 at the time is the equivalent to like $1,000,000.
Speaker 3: That's how important.
Speaker 4: The government, the government seized. The government seized our gold. That's how valuable this shit is. It's something guys. They seized it. They didn't want people to have it. They wanted people to use the dollar, Bro. They could do it again. Yeah. I mean, yeah, good luck. Yeah, good.
Speaker 3: Luck. You ever seen the the grasshopper off ants?
Speaker 4: Yo, they try again, yo, this is what I'm saying. This is also another reason of economic unrest. OK, guys, just a little price update on silver. We're we're at $78 on silver. So silver is definitely feeling it at the moment. Gold at 4717 all assets the whole market is dumping everything is dumping the dollar is dumping let's check the US dollar index. We tried to warn them Bart. Yeah, I So what so see, but I see that you put out a post earlier you said that this is going to be like nobody's ready for what's about to fucking hit them and they're.
Speaker 1: Watching it.
Speaker 4: They're watching it play out. I mean, you're watching it play out now look, I mean, it's you know, this is not something, you know, we're not happy to post this stuff. You know, we're not we have we have to start on call with my insider. He said watch happens at future open. He said the world will never be the same after next week. We all know it's about to go down and, and you know, I'm telling you guys, it's the, it's the beginning of, of, of it now. Now during an economic collapse, OK, should assets perform well, there's going to be days where literally everything is going down. Where's the money going? Good luck finding it. But during a time of economic uncertainty, it looks like everything is going down. You might be asking what should you put your money in? Let's check the US dollar index. Let's see what's popping over there. OK? The dollar index is at 97. We found some support, a little bit of Yeah, but bro, I mean, come on, mince, you know? No, I know, I know. It did bounce up. The dollar index did bounce off 95. It's now at 97. The dollar index is is is balancing, which means that the dollar is becoming stronger. Now keep in mind the dollar is down 98% in the past 100 years. So you're watching a meme coin pump. You know, it's imagine a meme coin was at a billion market cap and now it's at 10 million market cap or 20 million market cap. Excuse me, it was at a billion market cap. Now it's at 20 million and it just pumped to 22 and it's like now people are excited. Oh, it's a 22 million market cap. Actually, no, it's not even up. It's up. It's up .14%. So it pumped from 20 million market cap to 20,210,000. So you know it's nothing. Where is the money going? Where is the money going? Where is the money?
Speaker 3: Going, guys.
Speaker 4: I also want to, I also want to keep in mind as well that what do we see on Friday? We saw a bank failure. We saw the first bank failure of 2026. Many people said it was impossible. We did call it, we did post it. There's all the receipts are there. And we called it right here live on Spaces 33 minutes before it was announced by the FDIC, 37 minutes before it was announced now.
Speaker 1: How that happened?
Speaker 4: Now, now you know, you can, you can choose to, you know, you can choose to ignore that fact or you can choose to pay attention to it, but it's, you know, it is significant. Now, this bank was not the largest bank. This was not the size of AJP Morgan or you know, something along those lines. It was a, a smaller bank in Chicago, but it's a bank going under. This is not, you know, this hasn't happened in in over seven months, you know, since there's been a bank failure and a bank failure can be, it can be a localized incident. But also this is exactly what happened in 2008 in the previous financial crisis for the housing bubble, you know, which was a manufactured, it was a manufactured crisis. By the way, it this is also in the FCN files that the 2008 housing market crash wasn't it was a was a coordinated effort and it was coordinated effort. Banks got bailed out. What nobody went to jail. Does that remind you of something a massive criminal network and not one person goes to jail?
Speaker 6: Sounds familiar?
Speaker 1: It's literally happening.
Speaker 2: Right in front of our eyes.
Speaker 4: Yeah, yeah, yeah, no, it is happening in front of your eyes, guys. The Epstein files released 3.5 million images released to the public which just literally show the literally describe first hand testimonies and show pictures, videos and photos of people committing insane crimes and 4K. You know, so these files are now out and they're sitting there and there has not been, you know, Galaine Maxwell and and Jeffrey Epstein are the only two that have ever been. They're the original origins, but nobody in the files that are that have been seen doing the crimes. Nobody has been charged with anything and they're not under investigation either. Confirmed. No. And I posted it. I posted it. Yeah, they're not they're not even they. So you know, this is guys, this stuff is being shown right to your face and and but then they're also simultaneously saying that nobody will be prosecuted. So it's just letting you know that there's nothing that at this point, the idea that the justice system and the financial system is here to serve you as a human being on earth or in the United States is, is completely gone. Those, the days of believing that the government and the feds serve you or have your best interest in mind are gone. No prosecutions for the 2008 housing market crash, no prosecutions for the for the FCN list. None, none. And if anybody gets in trouble, it's some some fucking attorney or some little guy that maybe just had an attitude or didn't do something that they wanted him to do or he's going to jail and he's going to get a ditty situation going on. You know, he's going to have an Xbox and he's going to, you know, get paid 1,000,000 bucks when he gets out, you know, 5,000,000 bucks, he's going to get paid out, you know, so whatever, you know, so the dollar can pump here. The dollar index is, is up to, is up to 9096.98, you know, so down from, you know, 95, you know, new Fed chair in as well, a recommendation for the new Fed chair. But just something to something to think about guys, because, you know, world, the, the, the, the, the, the government and the Fed man, it's just, it's over with, You know, there's no, there's no more confusing. They're delaying an inevitable and the longer that they delay it, the more coiled it becomes. OK, it is inevitable, but to so to solve the debt crisis, they print more money. OK, they're not paying off the debt. The debt's too. The debt is too insane, you know, so they're not paying off the debt. So they're just printing more money. They're printing an insane amount of money and you know the the consequences of that money printing are being seen every day. You, you, you can't, they're not being told to you. You're being told that inflation is under control. And I just saw today, they say trueflation. You guys see this trueflation thing coming out? Trueflation. Trueflation comes out and says that there is no inflation, guys, it's going down. There's no inflation. But when I go to get a cheeseburger, fries and a milkshake, it's $49 and, and they want and they flip an iPad and they flip an iPad around. OK, after my milkshake and fries and and cheeseburgers, 48 dollars, they flip an iPad around. And then some college kid looks at me in the eyes with the with the most sympathetic puppy dog face saying, hey, if you don't tip, like I'm not going to be able to eat tonight, you know? So of course then you tip an extra 20% and you just say, you know, I just, I, when I was in high school, I was paying $4.00, the four for four for Wendy's. You get a burger, a, a drink, a fries and a Mcnug and a chicken nugget from Wendy's for $4.00. Now I'm paying, you know, so things have gotten out of control. I don't believe any inflation numbers. I don't, you know, I'm going to use my own eyes and ears and I'm going to look around and I'm going to go look at things. So, you know, I think they're just delaying an inevitable. It seems as if there's a lot of covering up with the inflation because people are being gaslit about it. You know for a fact things are getting not things are getting more expensive, but the dollar is going down and it's the invisible tax. What's up, Aaron?
Speaker 3: Like you were saying, I was listening to one of your one spaces a couple of nights ago saying how you can, if you get a silver bar, you can't just go turn it in real quick on like a gambling bet. I was thinking, man, like we're near the end of the financial system and if you walk away with anything after this, I think you're going to be pretty good condition honestly. So save your money.
Speaker 4: Well, you know, the crypto people, the crypto people were really quick to, to laugh at the silver plunge and really quick to laugh at the silver prices falling. And I get it, you know, they, they, you know, things haven't been great in crypto world. So they're feeling it. But you look at it today, you know, as crypto falls even lower and you know, as things as things continue to drop Bitcoin at 76,000, Ethereum at 2250, XRP at $1.59. Solana had $100 hanging on for dear life. And let's just get an update on on gold. Gold is at 4730, you know, higher than Eve. It flipped Eve hard. Nobody wants to talk about that and $80.45 on silver, you know, so, so you know, the crypto people were quick to judge, but even still now you silver up 150% on the one year it is outperforming, you know, and this is what a lot of crypto people don't want to admit. And today now with, with some of these mentions of Bitcoin and early development being in these Epstein files, guys, I'm, again, I'm trying to read all this stuff in detail so to make sure that I'm, I'm, I'm informed, but there's a lot of connections to these files and what's going on with Bitcoin. And the idea that Satoshi Nakamoto, an Asian guy in a cave is, has been working on this and he just decided to step away and hand it to the world. Those, those, the idea that Satoshi Nakamoto is that Asian guy, those, those seem to be fading quite a bit. And I think people are really interested in doing some more investigation into it. Of course, you know, we, we don't have definitive answers, at least I don't on who Satoshi is. But you know, questions are out there. I don't know, maybe it's Mike. I've never seen Mike and Satoshi Nakamoto in the same room. I'm.
Speaker 1: I'm going to deny all responsibility for the creation of the Bitcoin protocol. No further comments on that matter, but I would like to commend you on holding pretty good, pretty damn good spaces, man. I like your style, I like your energy. And what I'd say is just as a reminder, I'm, I'm a long duration concentrated value investor, right? So I take very idiosyncratic position some of the time that people don't agree with, they don't like, they don't understand. And I look, I, I was short silver last week as a hedge, right? So like it took me about a week to build the short on silver up to 20 million. And I was waiting for the break. We got the break. I covered. I'd actually be more interested in the long position in silver at these levels. And I do know that like silver open positive in, in the futures market, gold closer to flat, oil and natural gas look like they're going to open down. Copper's down, copper should be down. Copper's like a, a true industrial metal that is often associated with economic developments. And given the price action in the NASDAQ, S&P, the dollar, etcetera at the end of last week, you know you, this is just yet another growth scare. We've had three or four of them over the last 2-3 years and what is otherwise been like a, a pretty good market for people who are just long AI, Bitcoin, S&P 500, gold, silver, etcetera. So I think he's probably still just want to be want to be long. I was out for a long run today. And that's where I get some of my best inspiration for thinking about where we are in markets. And it's just, it's just sort of feels very obvious to me. And again, it doesn't mean this is right, but but the most likely path is that maybe we have like another few days up to a couple weeks of weakness and jitters related to geopolitics, Trump, the government shutdown, right? Like Iran digesting the new Fed chair and whether or not he's really anti QE or anti large balance sheet Fed mentality, right? Like we're we're processing all that. And then we also have all this Epstein stuff. And you know, I heard you talking about Epstein. It's it's clear that like there's a lot of people being protected, but unfortunately that starts with the president. And so I think it's just a really messy Kerry situation. I mean, even Elon Musk before he had a make up with the president was like, you won't believe what's in the file right about Trump. Like if you find this out and like it, it's not good. It's not good for a lot of these people. But again, from a market perspective, unfortunately, as important as it is for humanity, maybe it's not going to drive markets in the long run. So I think when you look, I think at some point over the next call it week or two, like the sort of risk squeeze that we're going through right now that's affecting silver, gold, the S&P 500, the NASDAQ, small cap stocks, right, the dollar is strengthening briefly. Like I think it'll turn over and what we'll see is probably a pretty significant run into the end of the spring like May, June time frame is when I think and that should start in February and it should run pot for a few months at least. And I think what it will be predicting is the new factor is going to lower rates. He may not want to increase the balance sheet necessarily, but I think some combination of lower short term rates and then coordination with Treasury to control the bond issuances such that it, it, it keeps the, the long end from going up and sort of releases the tightness. Because I do think inflation, look, I, I heard your points on inflation from absolute terms. Yes, a burger at Jack-in-the-box or Wendy's is more expensive than it was when we were in high school. But that's not really the story. It's about rate of change, right, Because you can't control what already happened. Like, yeah, like people inflated the Fed balance sheet and printed a bunch of money and gave out PPP loans and tried to sort of keep people from starving during the period of time where they made everybody get poked with a vaccine and and shut down their company for like months if they were in hospitality. And so they printed trillions of dollars and, and they jacked up probably in a permanent re ratchet prices to a level you can't, you can't get them to go down because that's the inflation. So you're just stuck with trying to control the future rate of change and effectively that because the Fed's been too tight, right, relative to, to what's happening with AI, what's happening with productivity? What, what's happening broadly in the economy, right? Like the, the inflation in terms of its rate of change going forward has come down significantly. Inflation expectations have come down significantly. And that does not mean absolute price levels are comfortable for anyone. But there's nothing we can do to go back in time and say, shame on you guys for shutting down the economy arbitrarily and making people jab themselves with a shot that we now no longer understand whether it actually worked or not. Like we, we forced you to do it, but we have no idea whether, whether that was a good idea. And so we're, we're unwinding some of that now. And I think when we finally get alignment between the Fed and, and Treasury and the White House, I do think they're going to run it hot for 369 months this year. I think they're going to let the ISMPMI for the first time in three or four years go over 50. I think you're already seeing liquidity broaden beyond just AI equities, right? And, and, and Bitcoin over the last 2-3 years into other things. And so I, I would resist the temptation to get to negative. And I do think silver and gold have another run candidly. Like I'm not interested in being short or shorting silver at these prices. I was only interested when it looked like it was going to go to Infinity last week. But then I closed that. And if it goes back to looking like it's going to go to Infinity in six months, I might put the trade back on again. But for now, I'm much more interested in longs because I think gold, silver, Etherium, Bitcoin, small cap equities, AI, data center, I think all of it's going to go up because there's a massive amount of demasement that is both in play already and going to continue to accelerate irrespective of who the Fed chair is and irrespective of what politicians say they're going to try to do. They're just going to have to print more money and debase the dollar. And so I think any, any strength in the dollar should probably be sold and it's probably going to be somewhat temporary and and then reverse. And that process may take weeks or months, but it may happen tomorrow, right? Like we may, we may literally top on the DXY tomorrow and then fall for the next three months. It might run for another week or two, right? And again, you can think of gold, silver, Ethereum, Bitcoin as sort of the inverse of that. Like if the DXY is falling, those, those commodities priced in dollar should theoretically go up. But obviously there's a risk sentiment component in the short term, which can cause them to sort of temporarily become decoupled as we thought with silver last week, where it went completely parabolic well past any sort of fundamental level. But like, again, narratives can drive anything in the short term. So that's where I think we are. I wouldn't get too worried. I'd see a lot of people like losing it a little bit. And I get it, if you lost a ton of money last 2-3 years because you were long shit coins and now it just feels like it's getting worse, I get it. But if you try to keep some sort of emotional equanimity here and stay balanced, I think you want to be the constructively long, high quality stuff over the next 12 months. And I don't think anything about this stuff that's happening right now is anything more than kind of short term noise.
Speaker 4: Wow, Mike, thank you for the take, brother, and appreciate it. We've actually got the LeBron James of gold and silver up here. Quite a crew in the house tonight. Peter, we got Mike up here. He was short silver at the top. He actually put in a quite, quite a nice short position. I know you're very long on gold and silver. What are you seeing in the markets right now, Peter? Well, congratulations. It was a great, great time to have been short. Yeah, You know, I, I, I don't do a lot of trading. I I own a lot of gold and silver. I had, I hadn't bought any personally at these prices. I mean, I've everything I got is quite a bit lower than than where we are right now. But you know, I'm I'm, I'm going live. I'm doing a special in about 20 minutes on the shift gold YouTube channel. So I'm going to be discussing what I think happened on Thursday and Friday and why I think it happened and what I think people should should be doing in response to to what's happened. But I don't think it was a natural, you know, thing that happened. I think that the Trump administration was concerned about what the rally in gold and silver meant. And I think that they needed to do something about it. They needed to defuse the situation because I think it was threatening to really spill over into the foreign currency markets, the dollar, into the bond market. And so I think that this was kind of like an emergency intervention orchestrated by by the government, but also with key private parties who were, you know, coordinated and, you know, brought in to bring this about. And the question is, you know, how much, how much time this is going to buy the Trump administration? You know, how long will it take now for gold and silver to recover that momentum and and make new highs? So they may have bought themselves a little time. I think they did scare some people out of the market, certainly some speculators. I think people are going to be a very hesitant individuals to buy gold and silver for a while and that may have been a part of the goal there. So, you know, some people may need $150.00 silver now before they get in. I don't know. But I think people will remember what happened in the last couple days. And, you know, people might be reluctant to, to buy, you know, with, with that fear. But I'm gonna, I'm gonna get into it a lot more in, you know, in about 17 minutes. I don't want to really steal my own. You don't want to spill the beans, Peter. I mean, when, when people are finished with this space, I mean, obviously you don't have to listen to it live. I'm gonna do it live. But as soon as I'm finished, it will be up there, you know, on my channel, on the YouTube channel and anybody can go and and and listen to it. But I wonder if I could, you know, simultaneously do it on on XI. Probably could. You should. A lot of smart people on X here. Yeah. Yeah. That would that would love to listen. A lot of people said silver was looking like a crypto coin. You can't go to YouTube. Yeah. A lot of the X heads stay on X. They don't really venture out of here, Peter. They're they're kind of isolated.
Speaker 6: You know.
Speaker 4: But a lot of people said silver looked like a crypto coin. Peter, on on Friday, they're down 35%. But I'm curious as to what you think is going on with crypto now. I know you've been, I know you've been vocal about your, your thoughts on Bitcoin. Where where do you think crypto goes from here? Yeah, I mean, silver did, I mean, act like, like not even even worse than Bitcoin, right? It was like, you know, I guess it was down. In fact, it was already down this morning or this evening. It's bouncing back a bit. It's down about.
Speaker 2: 3.
Speaker 4: 80 but it was down 770. So it was, you know, it was down like 40% in you know, a couple of days. So that you know, but keeping everything in perspective, even though silver just crashed 40%, it's above $80.00 an ounce. I mean two or three weeks ago that was a record high. So, you know, they keep it all in perspective. This is still a big bull market in silver. And even though gold is down from 5600 almost to below 48148, hundred is, you know, high. I mean, even though gold dropped I think $500 on the last day of January, it was still the best January gold ever had. So, you know, that just shows you how much it had moved up. And, you know, I think that the move up is the real move. What just happened is, you know, is, is, is, is the noise is the, you know, it's not the move, it's just designed to to slow it down. But as far as, you know, Bitcoin is concerned, you know, I think there were a lot of people initially when gold broke on Thursday and Friday and they thought, OK, the money is going to flow in the Bitcoin now. And not only did you know did not not happen, Bitcoin didn't catch a bid from gold's weakness. Bitcoin sold off over the weekend harder than gold and and so now as we're speaking, Bitcoin is, you know, 77,000 it got below 76,000, you know, earlier, which is interestingly below Michael Saylor's cost basis, which is a forecast that I've been making on X for a while. That's, you know, I expected Bitcoins price to go below his cost basis. And what's significant about that is that Michael Saylor has spent over five years buying Bitcoin pretty much on a weekly basis and he's spent about $54 billion making these Bitcoin purchases. And at this point his he's not even up 2%. That's about a half a percent of return per year. And that's on paper. I mean, obviously if he tried to sell his Bitcoin, the market would implode. But this shows you he's out there telling people how Bitcoin is the greatest investment there is. You should own nothing but Bitcoin. You should mortgage your.
Speaker 3: Your.
Speaker 4: House, you should sell your business. You should go all in on Bitcoin. Yet over the last five years, you know, he's the biggest buyer of Bitcoin there is, and he hasn't made any money doing it. In the meantime, he's missed out on incredible opportunities that he could have made had he, you know, done something else with the money. I mean, he could have bought gold or silver, he'd be way better off. He could have bought the S&P 500. I mean, he could have bought treasury bills and the interest would have been more than what he earned on his Bitcoin. So, you know, I think the air is out of the Bitcoin bubble. You know, I just got back a couple hours ago from about this Bitcoin conference in El Salvador and I think what's going to undermine Bitcoin is tokenized gold. I think Tether is going to do a really good job on promoting Tether gold. I ran into several other people there that have gold tokenized projects. I know of a lot of other projects for tokenizing gold and tokenized gold is everything that Bitcoin promises to be but can't deliver. So I think you know, I think I think Bitcoin is done. You know, I, I, the question is how long is it going to take to die? I mean how you know where's you know, how long is it going to go take to go from 77,000 to to 0?
Speaker 3: I, I, I don't know. Hey.
Speaker 1: Hey Peter, I appreciate all your commentary, but I, I just think it's important to note that on February 1st, 2021, exactly 5 years ago, Bitcoin closed at around 33,000. So even at 77,000, it's more than doubled in five years, which is, you know, a good equity like type of Yeah, but but.
Speaker 4: Michael Saylor Michael Saylor didn't just buy it all five years.
Speaker 1: Ago. I know, I know exactly.
Speaker 4: Buying it?
Speaker 1: I knew this. I knew this story before almost anyone else in the market and I was watching it last cycle. My cost basis on the remainder of my MSDR is $30.00, right? Like so I'm not losing any sleep about this drug. My last sale on MSTR was 535 the day before 2 Thanksgivings ago the day before it it topped out. So I'm not like a I'm not like AI haven't been a major bowl publicly on MSTR and in fact most people in here came into the room to hear me speak. Will remember that I warn people about rotating into MSTR for basically a year and a half now, but but it's still separate from the commentary you made it. You said bitcoins dead because it's effectively not gone up in five years. And I'm saying objectively I'm not arguing. No, no, not arguing with you. It hasn't gone, but it has gone up. OK, so.
Speaker 3: But I'm.
Speaker 1: Saying that.
Speaker 4: You're missing. You're misunderstanding what?
Speaker 1: I'm saying, OK, I may be misunderstanding, but there's a more important point here. You said that he hasn't made any money and what I, what I would tell you he has no, you know he has because he owns MSTR and he and he has preferred equities and the total value of all the securities that that MSTR has issued is far above where it was.
Speaker 2: Oh.
Speaker 3: I'm I'm not. I'm not.
Speaker 4: Saying that the the market cap of of strategy has an increase.
Speaker 6: OK.
Speaker 4: It has. What I'm saying is strategy has not made any money on its Bitcoin.
Speaker 1: But but in a sense the share, the shareholders don't care as long as the stock price has gone, I'm not well.
Speaker 4: Yes, obviously if you bought the stock, you know, five years ago or take, you know, you're ahead. If you bought it a year or two ago, you're getting killed. But I'm not talking about MicroStrategy or Strategy stock. My point is that he Strategy raised $54 billion to buy Bitcoin because Bitcoin was supposed to be this great asset that was going to generate 30% per year compounded returns indefinitely and instead he's generated basically zero returns on his book of Bitcoin and.
Speaker 1: That's but the market. But the market doesn't believe that if you choose an arbitrary starting point for your analysis that that will be the same for every year for your period. But you. You.
Speaker 2: You could choose an arbitrary.
Speaker 4: Point. I'm just saying objectively he spent $54 billion buying Bitcoin and those Bitcoin are worth about $54 billion today on on paper.
Speaker 1: Yeah, but but what is that? But what does that have to do? What? That's fine, but what does that have to do with whether that's a good decision or not?
Speaker 2: Because he hasn't made any money. Nobody.
Speaker 1: Has because because the value of MSGR equity has gone up exponentially and and they're still valuing it highly because they know no one else will ever be able to buy 700,000 Bitcoin and catch up with MSGR unless they move the the price with market impact. So that's a unique, it's a unique asset and.
Speaker 4: He can't sell his Bitcoin.
Speaker 1: But you don't need. Why would you need to sell it? He doesn't need to sell it.
Speaker 2: Because it's.
Speaker 5: Going down.
Speaker 4: It doesn't have the yield.
Speaker 1: Peter, Peter, you're a value investor too. You held gold and silver when it did nothing for 10 or 15 years. You underperformed everyone.
Speaker 4: I held a valuable commodity.
Speaker 1: He's I know, but you underperformed everyone. That's not a good reason to sell though. You still held it, and now you've been totally.
Speaker 4: Bitcoin, But anyway I got a hop.
Speaker 1: Just like, OK, hop off so I can explain to people what you really what you really mean. Yeah.
Speaker 3: I couldn't.
Speaker 4: Get ready for my podcast but.
Speaker 1: Yeah, go ahead, go ahead. I want to explain to people what you really.
Speaker 4: Meant yo Peter, we appreciate you. I know what I meant, so I'll explain. Thanks for pulling up, Peter. We appreciate you. You have a great show. Yeah, this is, that's literally this is gold versus Bitcoin really right there. It's not. This is like gold versus Bitcoin.
Speaker 1: Bark, bark. It's not just like there's some nuance here. He, this is not a nuanced person. This guy's been saying, and I followed him 20 years ago. I followed Europe, Pacific Capital. I followed the litany of client complaints and lawsuits and what he's taken because he's lost so much money for his investors over 20 years. All they had to do was buy equities during that. All they had to do was own the S&P 500 and not be bearish on the US economy and not be bearish on equities. And he could not do that correctly. He told everyone during the financial crisis, the only asset you need to own is gold and gold miners. And then he kept banging that drum for 20 years. It was it was going to be another 2008. Every single year since 2008. And anybody who listened to that crap has lost so much money, right? And so he, he's been banging the drum on selling Bitcoin. Bitcoin is going to zero since Bitcoin was like $1000, right? And so now we're at $77,000 and it's still going to 0, According to him. And he can't even remember that it's gone up over the last five years. In the meantime, gold and silver did underperform equity for most of his career. And if using his logic on Bitcoin, that Michael Saylor, we should sell Bitcoin because it's going down, He should have sold his gold and silver like every year for the last 20 years and he didn't because now his whole identity is tied up in being a gold and silver investor, much like Michael Saylor's identity is tied up in being a Bitcoin investor. The difference though, is that Michael Saylor's made way more money than than Peter Schiff could make in 100 lifetimes because he's way more talented and he's way more future oriented. He understood the Internet before anyone understood the Internet. He bought up all the domains. He built a billion multi billion dollar public company like when Peter Schiff was still in high school. Basically, I'm just joking because they're probably around same age. But listen, I, I, I think a lot of that stuff is just noise. I don't think you should be bearish on gold or silver. I'm not saying that necessarily, but what I'm saying is somebody who's long gold and silver and hates Bitcoin, like doesn't understand Bitcoin, right? Because because there's fundamentally approaching the same problem in different ways, and one of them is tuned for the future and one of them is seasoned in the past. But like, at the end of the day, it's not a battle between them. It's really a question of how much of of each of them should you own at various points along the curve, in my opinion.
Speaker 4: Do you think his thesis of crypto going to 0 carries any validity? I mean, do you, do you agree with that in in any way? I'm I'm not sure Bitcoin could ever truly even hit zero. I think that's impossible. But but do you see, do you see a decline in crypto versus precious metals this year? Obviously, you know, I think, I think you've made it clear your, your stance on it. But right now, if you were to, to be looking at all of these assets on the board as an investor, where do you see, you know, the short term and the long term upside? I'm talking precious metals versus crypto.
Speaker 1: You, you asked, you asked 2 questions. One is do you, does Peter Schiff's view have much validity? I'd say his his track record proves. I mean, I've smoked him over the last 20. It's not even close, right? Like the compound growth rate of a Peter Schiff investment strategy has been basically flat. And unfortunately for him, he's lost so much money over the previous decade or two that even this run in gold and silver in the miners like isn't going to help his average return very much. He's still like wildly underperforming everyone. So no, I don't give any validity to a comment from somebody who willfully ignores or fails to understand the basics of how crypto even works. Like if you can't understand like what decentralization actually means because you're so old school that you think everything has to be centralized. And I really don't like, I don't think you should be a pining or pontificating about an asset class that you just don't understand. Right. I, I didn't short silver because I, I thought it was going to go to 0. Like, of course, silver and gold aren't going to 0 because as long as they keep printing dollars, everything including real estate, including equities, right? Including bond, like everything's going to become more valuable in dollar terms. I just thought like, you know, just like I thought MSTR was too hot in November of 2024. I thought silver was too hot last week. Sentiment and euphoria can give that away. So like looking forward, forget, forget about shift. Because other than bringing people in the room and having a big following, most of his ideas are nonsense and his returns are so shitty that I'm not sure why. Like I've asked myself many times over the last five years, why does anyone even listen to him? All he's done is torpedoes people's portfolios over the last 20 years and there's tons, there's a trail of lawsuits and client complaints that's like a mile long to back that up. And so I don't understand. But again, I get it. You can be a celebrity on the Internet even though you're your real old results are terrible. But looking forward, like, look, I think I think crypto is going to outperform metals because a, the mean reversion component, which is that metals of far outrun expectation, the short term and crypto is wildly underperformed expectation in the short term. And that means when there's sort of a reversion. You're going to get a catch up. And the thing about Bitcoin, Ethereum in particular, like when they do decide to run, they run quite impulsively, I'd say even more impulsively than the way gold and silver were moving over the last few weeks. And I think at these valuations like you're sort of overpaying if you're buying silver at 100 or 120 bucks, but you're probably underpaying if you'll be able to buy Bitcoin in the 70s. So I think I, I just don't think it's going to be very close. It's really a question of time horizon. Silver may be Bitcoin, Ethereum this year, year, like for the full year, it's possible. But I actually think that the turnover point in which Bitcoin will start to outperform gold, silver again is probably going to happen during this year.
Speaker 4: How do you see the four year cycle? I know there's a, there's a few, there's a few figureheads out here that believe the four year cycle is over and that we're, we're transitioning away from that into something entirely different. I mean, if, if it was a four year cycle that would have ended somewhere last year in 2025 in around November, October. But if it's not a four year cycle, we're seeing something different. What what are your thoughts on the the whole cycle theory?
Speaker 1: I have a slightly different view, right? I, I, I think objectively Bitcoin has a four year halving cycle. That's just the way the protocol works, right? So let's put that aside because that's just math and the timing of what 210,000 blocks, which is approximately every four years. There's also like a tighter kind of global liquidity cycle, which is just coincidentally been running sort of a four year clip basically since the GFC, right? And then you have the four year US election cycle. Again, not coincidental, given that according to Satoshi's writings, you know, one of the reasons for creating Bitcoin is to sort of get away from the capriciousness of the way the Feds, right, the Fed and Treasury and the powers that be acted in terms of printing money, allowing these sort of major crisis banking crisises and asset price crisises and then collapses and then bailing them out, right? And so ultimately, at least ideologically, it was response to some of the shenanigans that were happening in the traditional system. And So what I think happened is because we had pretty extreme money printing and Zerp 0 interest rate policy during the period of time where Bitcoin and Ethereum and a lot of crypto ripped for example in like 20/17/2021 like it was, it was it was a slightly different sort of macro environment. And I think people drew the incorrect conclusion. They said well, because this happened exactly on the timeline the year after the having leading into the fall that that's exactly when every cycle high will happen. And clearly there's something magical about this sort of four year. It's like I think think what actually happened is just for at least two or three cycles, the broader liquidity cycle and the sort of business cycle like is measured in the US at least by the ISMPMI was actually almost perfectly correlated with that timeline such that it may have actually been some of these other factors that caused both the bull cycle and the. And the correction, at least for 2122 is pretty obvious now in retrospect because the Fed when raised rates 500 basis points in the US crushed not just Bitcoin and crypto, but like almost all long duration equities like tech equities and Netflix and and Facebook even were down 70%. And you know, I like to say Carvana because it went down 9899% before it went up like 100X plus, right? And so it just how so happens that that liquidity cycle and the interest rate cycle were sort of correlated with it. So I think this, this whole idea that there was ever like a, a perfect crypto cycle was flawed in the 1st place. And I think what's happened since 2022 is they raise rates so quickly and they crushed asset prices in, in 2022. And we really haven't seen like a full recovery that looks like a traditional recovery. And I think part of that is, is perhaps rates and yields have been too high relative to where the economy is and that the inflation was actually just a response or reverberation from money printing and low interest rates that happened five years earlier to, to fight off a pandemic. I mean, they basically since 2008, they used every excuse possible to consistently manipulate the price of money and the price of assets and, and to some degree the, the, the banking system itself via a number of different methods that they've been using to keep like money flowing and keep the repo market from blowing up. And so they're, they're doing all this pulling all these levers. And I think it's, it's caused a sort of crosscurrent of different factors such that it's almost impossible to attribute any of the specific things that happened in the market to any specific thing. And I think look, it's an illusion out to, for people to say, hey, this is exactly what happened because there's too many different forces. And so look, I, I don't think there is a cycle that you can attribute to crypto specifically that's unique to the having and that will happen at the same time. I think that was an illusion that was caused by its overlap with other more powerful liquidity oriented cycles that were happening elsewhere. And because we haven't had a true upturn the way we've seen before, right? Like again, as measured by the business cycle in the US like liquidity and how tight things feel in the market. Like I, I can just tell you that even though some things have gone up over the last three years, it really hasn't felt like a bull market very many places. And yes, if you're long the S&P and AI stocks and you were long Bitcoin, you made plenty of money. But if you were long anything else, right, it's, it's actually been quite, quite challenging in, in a lot of other sectors of the economy. And of course, small cap stocks didn't even start to outperform until very recently. They didn't break out for the first time in many years until recently. And even now it kind of feels like a blah, a breakout where there's no real excitement. And that may change right, in the coming years and, and, and when or even the coming months or quarters, if that changes, then I think that would potentially correlate with the first upturn and sort of crypto liquidity that we've seen since 2021. So my argument is actually different than most people. My argument is X Bitcoin, right? So if you remove Bitcoin from the story, crypto has effectively been in a bear, like a bear market for the last four years. And what I think we're coming to the end of now is that sort of really constrained liquidity environment where liquidity is just not making it all the way out to the riskier stuff. Just like it wasn't making it to to industries beyond tech and AI and the SP500 and it wasn't making it to international stocks. It wasn't it hasn't made it to crypto at all. Like BNB is like one of the only large tokens that's not a stable coin that actually made a new all time high other than Bitcoin, right? The vast majority of the rest of the market has has struggled basically since the peak in November of 2021. And so well, it looked like for a period of time, you might get a bull market in Salon or you might get a bull market in Ethereum and even Bitcoin, right, hasn't really felt like a bull market. It's basically consolidated for the vast majority of each of the years, had some quick run up and then gone down to sideways for six to nine months at a time. That's not a real bull market in crypto. And and I think the beginning of that hopefully is coming this quarter. So that's my view and I know it's doesn't sound like necessarily what everyone else is saying, but that's not really the point. I'm just trying to get it right because I think a lot of people are at risk of turning too negative and too bearish, not not just on crypto, but on small cap equities, value equities, international, like too bearish on everything. Because there are some things that look like they're under pressure, like very temporarily, and some of it is like surface level noise. Like it's probably not going to matter who the Fed chair is very much just to be honest. It's only one vote on the committee, and they still need to build consensus. There's probably not going to be a major reduction in the balance sheet even if he wants to, because there are a lot of people on there that are very loyal to the banking system and are very loyal to their banking overlords. And those people are not going to be happy if they try to reduce the balance sheet too quickly. So he's going to lower rates because Trump wouldn't put him in there if he's in the lower rate. But he's also going to job on a little bit on the balance sheet and that may. Again, 'cause some confusion in the short term, but the ultimate trajectory of all this is higher because the Fed, Treasury and the White House are all going to be working together over the next 6 to 9 months again to try to run things hot for the first time in basically 3 or 4 years. And if that happens, then crypto is going to run and it's probably going to sort of slingshot out of whatever the bottom of this move is where feels like shit, feels like shit. It's going to drop. I don't feel like shit by the way, but a lot of people are in crypto are like depressed right now. But it's going to drop, it's going to drop, it's going to drop. It's going to be terrible. And bitcoins going to 30 and this is the end. And it's not going to be a bottom until December. And and then it will just turn and run. And the thing that causes euphoria on the way back up is all the people who are chasing. So think about all the people who are selling all their Bitcoin, Ethereum and Solana right now thinking this is it. What happens if they just turn and run for the next 3-4 months? What are they going to have to do in May or June? They're going to have to chase at or near all time highs when they should have just been DCA ING the whole way. If, if again, if you have a fundamental view as I do of like where the space is going over 10 years or 15 years, all these things are buying opportunities. There are opportunities for idiots to lose their money. But like, if you're not dumb and you have a longer term view, they're just opportunities to add risk, add exposure strategically when that risk is mispriced. And then when it goes back up, if you want to take them off again and rotate to something more conservative, you can. But you certainly don't want to be rotating heavily out of risk after these types of assets have already fallen. 40 or 50%. That just doesn't make any sense. You know, like that's a good way to end up poor when you're older. The way to end up wealthy is just to choose a basket of of things that you think are high quality. It could be 5 or 10 things only and just consistently buy those 5 or 10 things every time they go down and then just hold them until they go back up again, right. And again, if you, if you want to rotate, like you rotate when everything's hot, you don't rotate when everything's cheap and everybody's bearish. You rotate when everybody's euphoric and you rotate out of the things that have run the most and you rotate into the stuff once again, like a, like a washing machine. It's just a cycle. You just rotate back into the things that are out of favor at that moment, which again, up until like a month or two ago, that was like consumer staples in the US. Like people were dumping alcohol stocks. Like no one was ever going to drink alcohol again. They were dumping soda stocks like Pepsi and snack stocks because this government's not going to allow snack foods and GLP ones are going to kill all soda demand. And all chip demand in the United States is like, no, no, like it's just human nature. Like the stocks trade down and there's a lot of narratives for why. And then like a year or two later, they're higher again. Dividend aristocrats like Pepsi go down for a little bit and then when they turn, they go back up and they usually behave the opposite of things like Etherium. It's actually not a bad thing to pair together because when Etherium is ripping, Pepsi will be lagging. And when Pepsi's ripping, Etherium might be lagging. And you can use the dividends from Pepsi to buy more Etherium every time it's lagging. And it's not rocket science, but, but it's a really simple strategy.
Speaker 4: So you're so right about the chase, Mike, and people feeling like they're behind because they came in late and you see pump fun and, and just the amount of chaos and the amount of liquidity that went to pump fun and how many people in in the crypto industry really turned to short term stuff? Because when Solano was at 8-8 dollars, like I'm sure you remember what people were saying on this app. Same with Bitcoin at 16 and Ethereum. Nobody was buying or I shouldn't say nobody, very few people were buying. Most people were at that point running for the hills. A very similar sentiment to what we're seeing right now on Twitter, which is basically doom and gloom. And then the occasional Mike or the occasional sailor that will come in and say, hey, we're, you know, we're sticking to the thesis. It's just, you know, we've been doing this for a long time. I'm curious though, when, when you see this short term pain ending and at the, you know, earlier in the conversation we talked about we're going through this period of, of a little bit of uncertainty right now with the Trump and the, and the, and the Fed chair and Greenland and things of that nature.
Speaker 3: And that's.
Speaker 4: When do you see, Yeah, and the Epstein stuff as well, When do you see this period of uncertainty sort of ending and this this prosperity. That you talked about maybe switching into, you know, going more aggressive? What? When do you see that bottoming out realistically?
Speaker 1: Oh, I mean, I said it earlier in the space and I when I posed my last tweet, that's it's sort of about this. I mean, I think the most likely scenario, and again, this is all just probability waiting that I do the most likely scenario is that it should be the sharper it is on the on the draw down here, like the faster the recovery potentially. Like where, if I'm right, that like this is actually just what yet another kind of growth scare where you pulling on a bunch of narratives, trying to create an environment of of risk off for some period of time. And we've seen this a bunch of the last 2-3 years. There's been a bunch of these. It's funny how quickly the human memory can forget things, particularly if if you're primarily long and these incidents are, are painful for you in some way, people will forget them. But I I remember them pretty vivid. There's been a whole bunch of them. Just feels like yet another kind of run-of-the-mill repricing and like minor growth scare. April of last year was much more significant, right? Because it felt like the whole market, it was repricing and that like everything was going to fall off a Cliff together. This feels much more controlled and and much more isolated where you're seeing like some rotations, right? Where like on Friday, silver and gold plunged right like over the weekend because Bitcoin and Ethereum are like the only source of liquidity when all the traffic market because they kind of drop further, right? And it's sort of unclear like which one's leading or lagging. It may not even matter. But the point is just a bunch of stuff, it's kind of slowly getting in a controlled way, getting repriced. And so I think that that could end. I mean, it's possible to ending now, right? It's possible to ending on Wednesday or Thursday. It's possible to ends in two weeks. If I had to wait it, I think the majority of like if I ran Monte Carlo simulations, 10,000 of them of what the next 6 or 12 months looks like, I think somewhere near 50% of them involves some sort of near turn bottom, like one 2-3 weeks Max. And then we run into the spring. I think there's other scenarios where we just keep drawing down for the next couple months. But of course the, the shape of that drawdown will start to flatten out because you're not going to fall at the same rate unless there's some major Black Swan type of thing that nobody's thinking about right now. Because I think most of the major catalysts for extreme risk off sentiment or large largely been revealed. Like we kind of know what they are at least what category they're in. So if, if there was like a global depression, like a 2008 type of scenario that was brewing right now, then of course, like asset prices would all start to move down and we wouldn't necessarily understand why initially until some of the shoes start to drop. But I think I.
Speaker 3: Think it's brewing? It's brewing.
Speaker 1: I don't think that's where we are actually. I think we're, we're actually in an early cycle environment for a bunch of things. And I, I think we have a really healthy market and actually that some of this price action is setting the stage for like a broadening in the sort of brought like economic and asset price rally such that we don't just get Tesla, NVIDIA, Microsoft, Google, Apple, etcetera running, but we get like railroads and home builders and international companies, small caps value, just value in general, energy, materials, real world stuff like the revenge of the real world, which is, by the way, been crowded out for 25 years by the rise of IP dominated companies, right? Like property, plant and equipment used to be a major line item, right? And in a balance sheet. And now the, the biggest companies, it's largely like IP driven and everything's been, we've been dematerializing the world for the past 25 years. Like if you think back 25 years ago, it was all about ExxonMobil and Chevron and Walmart. And now it's all about Google, right? It's, it's all about Microsoft and it's all about open AI. And so that's great. Like it's creating an acceleration in the world, an acceleration in the economy and acceleration in tech. But there is a, a limitation in the physical world to how quickly you can scale exponential technologies before you run out of materials, right? You need land for data centers, you need energy for data centers, you need parts and, and minerals and metals for robotics and, and pretty much every technology. And I think people have forgotten that we swung from a world that was too heavy on real world stuff in the year 2000 and now in 202526, we're probably too heavy on digital stuff. And it's like a metronome that oscillates and we're going to probably oscillate back the other direction. And we're seeing some signs of that already. Like if you're making hardware now all of a sudden people like you, if you're building data centers, all of a sudden people like you because they realize that you can't do AGI, not at least under the current constructs. You can't scale it really to everyone unless you have more data centers. So that's what I think is is happening. And I think because of that, there may be some error out of the balloon sort of in the very short term for crypto. But but Bitcoin still hard money, right? Bitcoin still requires a massive amount of power and physical world stuff to to make it secure. And so to me, Bitcoin is that link linkage between like frictionless error that you see in a lot of parts of crypto, like proof of state crypto, where there's not a lot behind it between that and the heavy duty shit that needs to be built in the real world in order to power the future of the planet, right? Like the things that like Elon Musk is doing, like taking rockets to Mars and you know, building like Optimus robots. And like, he's freaking not going to make any more model XS And, and right, if they're phasing out the a bunch of the cars at Tesla because they need more space in the physical world in order to manufacture robots. And because they really believe that autonomous driving in a, in a grid is going to be more valuable than owning your own auto necessarily, because if it's not in the grid, it's not going to be as useful. And so he's really betting on the on the future. But all that stuff notably requires significant investment in cap X in the real world factories, right? Parts, metals, minerals, everything, right? Like I think a lot of software people and a lot of younger people, like people that are sort of under the age of 40 in particular, think that you can scale the digital world they've grown up with without physical stuff. When I think the mean reversion on that is sort of happening now. And, and I think it's an important thing to happen and and a reason why people should be considering other investments. Like if you're all in crypto and you're all in proof of fake crypto, like your portfolio consists of Solana Etherium in XRP or something, right? Like that's probably not the ideal portfolio for for the world we're in. It would even be better to swap out one of those for silver even because at least it's a physical world thing. And it might be better, of course, to swap one of those out for an AI data center where now you get exposure to a completely different trend that requires physical world development, which is actually quite hard to do and has more of a Moat on it in a sense. Because there's only like so many sites that have a gig of power at low prices in Texas, for example. So if you have one of those sites and you're able to develop it, that's going to be a pretty valuable asset probably for a pretty long time. Whereas I don't know whether which like layer one network that makes transactions really quick, right? Or allows you to do some sort of NFT decentralized something or other, right? Like I don't know which one of those things is going to have long term value, but I'm very confident that a physical metal that's used in industrial processes will probably have some value. I'm very confident that a data center that has a GW of power is probably going to have some value. And then I'm pretty confident that things like railroads, like if you're the only railroad that has, you know, a connection point on a single line between Canada and Mexico, you're probably going to be pretty valuable. Because even if the business is out of favor today, because everybody likes really like digital, you know, low CapEx businesses like software companies, there's probably going to be mean reversion there and not we're seeing that now. Like look at what what's happening with Adobe and Salesforce and service now. And all these companies that were considered invincible work day like these have huge moats and the low cap X and they're just beautiful businesses with really high EBITDA margins. And AI is like showing that a cloud and stuff can eat some of these business models quite easily. And the debt markets picked up on it even before the equity markets and some of the debt deals started to fall through on on software deals. And now all of a sudden everyone's asking are, are, are any of these software companies? Do they have a sustainable competitive advantage in a world where AI can commoditize their business? I can tell you what AI not only cannot commoditize the single railroad line that connects Canada and Mexico, but more importantly, everything that AI does requires physical materials that need to be shipped, right? So if you need to move materials from one place or another, there's only so many modes that you can use to do that. And and rail is actually one of the most efficient. So again, you think you need to think out-of-the-box on this stuff, right? Like think more globally and more macro and say, look, here are the things I believe right at a very high level. So I believe that crypto has a 50 year or hundred year future. I believe that sound money is better than shitty Fiat money. Right? Like all things being equal, I'd rather own gold, silver, and Bitcoin then then then the US dollar if I had to put something under my mattress. Because almost certainly the purchasing power of a dollar goes down over 10 years, and almost certainly the purchasing power of a Bitcoin goes up over 10 years. That's like a very high level view that I hold which guides the rest of the stuff. I also believe that AI is probably the most important technological development in human history. It is the only large scale technology that can improve itself with no human intervention at scale. There's nothing else like that. Everything else was an incremental improvement that humans used to be better. This is a not just an incremental improvement, but a total change in the operating system of how intelligence works. Essentially a change in the operating system, how the entire world works that isn't just like a incremental step forward, it's it's more like a a total paradigm shift for everything. And so I believe that to be true. I could end up being wrong, but so far the market over the last three years is validating that view because effectively anything, whether it's power Vistra, constellation energy components, equipment, GE Vernova, right? You can select the you're not on the list like AI data center companies that have pivoted in because they had power from Bitcoin mining iron cipher, right. Like if you look at chips, NVIDIA, AMD, Broadcom, rather you go down the supply chain for what's going to power AI. The market's been saying for three years, this is huge and that's just what the market knows now, right? The market, just like in 2000, there are a lot of people that are bullish on the Internet, but even those people were probably too bearish because the Internet ended up being bigger than people thought it was going to be. In 1999, for example, we had a huge crash in docinthe.com bubble first, but the views that people have that were bullish on the Internet in 1999 were ultimately not only validated, but those people ended up being too bearish. I think a lot of the people are talking about AI now, even if they're somewhat bullish, are still too bearish and it's just not possible for markets to understand the demand picture for all of the supply chain elements that go into making AI at scale. Like there's, there's no way for the market to understand that it's trying to price it in. But my suspicion is that process has a long way to go. And, and that may take 20 years, sort of like the Internet, the consumer Internet took 20 years to be priced correctly in, in public markets. So anyway, those are some, some of my thoughts. I, I, I think people need to, to zoom out these moments that we're in right now or just like in April last year and March of 2023 during the banking crisis when Silvergate and Signature and Silicon Valley Bank, we're all feeling these were all buying opportunities. Much like March of, of 2020 when COVID was at its sort of fever pitch where people were saying it was the end of the world and the economy is going to crash and they're never going to open again and everyone's going to die and blah, blah, blah. Of course, like at the apex of that fear, that was another buying opportunity. I, I can go back in time and give you like a dozen other of them. This isn't even a major 1 yet. I think Bitcoin would need to go to like 50 or 60 before I would consider this like anything like April of last year in terms of the way it feels in the broader market. It still feels like a run-of-the-mill short term risk off. And I think the most likely scenario is that there's a bottom in the next couple weeks that causes a risk rally into April, May, June. And I think the things you want to own are similar to the things you want to own last year, right? It's, it's small caps, it's international, it's AI expose equities, especially the ones you can find that are reasonable valuation or reasonable expectations relative to the valuation. And then some value sectors that most people aren't following in crypto, like I mentioned before, food and beverage staples in general, energy, healthcare, like pharma has been totally under underpriced. I mentioned Novo Nordisk a bunch over the last three months. It bottomed out and then they, they launched the Wigovi pills, the 1st approved GLP one in the US. That was totally telegraphed by the way, the CEO that I posted the video for two months ago, CEO basically said we're going to, we're preparing to manufacture this and we're going to launch it in, in early 2026. And the market just yawned and like it didn't even care that effectively he was telegraphing. He basically gave you inside information on TV effectively like said that he already had agreement from from the FDA and the president effectively because of the the drug deal he did with the president, right? Like that's, that's really where that came from and the market didn't care until it got approved and then it marked the stock up. So anyone who says everything is priced in, right? Like sometimes things are priced in, but a lot of things are still not priced in a lot of days because there's so many things to pay attention to and there's no one entity, not even an AI yet who can really understand all of these things at the same time such that it can tell you like what's actually underpriced. But I, but I would be continuing to buy Bitcoin, Ethereum, I, I think you can probably even buy gold and silver again, especially up silver after the the draw down. If it were to go lower from here, as I said, even though I was short, heavily short last week, I would actually be looking for longs on silver now, not shorts. And at least until silver would go back to all time highs. If it goes back to all time highs, I would give it a little bit of time after the all time highs to make sure it doesn't go just completely parabolic. But then the next time it cools off again, I would short it again. And again, that's not because I'm bearish long term fundamentally on silver. It's just the best thing I found to short against the, the long positions I have on the equity side. And because I'm not comfortable right now yet at least shorting the S&P or the NASDAQ. Although I do think there will be a time to do that strategically against your your equity longs in the next 12 months.
Speaker 4: I think what you're saying is the top signal was in, you saw Peter Schiff on a stage with a bunch of cartoon dogs, 5000 people in the audience saying that gold was going to $40,000. And I think that was kind of a clear top signal. But Mike, all jokes aside, how do you know if, if so, you're saying this could be sort of like an Internet situation where people even are more bearish because they weren't bullish enough on AI. I mean, I hear AI bubble, but that just has to be some it's boomer talk, right? There's. There's no such thing, is there?
Speaker 1: I, I look, I've been really consistent on this. I don't think anybody who says AI bubble has any fucking idea what they're talking about. I think the moment I hear someone say that, I just assume they're complete buffoon. They certainly aren't in the business, right? Like I'm, I'm in the business. I'm on the board of almost a $20 billion AI data center developer that I joined the board the month before the IPO. We had a vision, we had a view, right, that infrastructure to power different compute categories, starting with Bitcoin because Bitcoins a wonderful customer because it's completely permissionless. You can come on, come off, you can curtail it. It's effectively the perfect off take for excess energy that you're not going to deploy to other forms of compute, right, like AI. But we had a view that AI was going to be big before ChatGPT even came out. And we thought you wanted to buy larger plots of land and control larger power. There was sort of a view in the traditional data center business that you could do this in like Washington or you could do it in like Virginia, and you could do small megawatts. And what you really needed was like proximity to the city center and really good fiber connectivity. That was under 5 milliseconds, right latency. And it turns out that's completely wrong for AI like to build what Elon Musk is building to build what Microsoft and open AI and Anthropic right and and Gemini need at least now you you actually need a lot more power. You need a lot more scale. And so the vision to do that early on has been validated because now hyper scalers are literally trying to contract every single MW of power that's available anywhere in the US. We went from they weren't sure they needed the power in the middle of the country, like in places like Texas and Oklahoma to they need every single MW that's available. And that's actually except, all right. So I, I tend to discount the views of people who are just sitting on a screen somewhere, right, like watching securities prices go up and down or trading crypto or working at a tried by bank or something. If they go on TV or they come into space to AI is a bubble. I go great. Let me think about whether this person actually has any relevant experience, has any relevant like understanding or, or current understanding of the demand environment for power, for infrastructure, right, for understanding whether these companies, these big leaders in the space are going to get funded. I was saying a couple weeks ago that like they're going to basically pump 10s of billions, if not hundreds of billions into the leading AI labs, right? The the leading application developers and then the hyperscalers are effectively setting up to spend multiple trillions on physical infrastructure. And most of that, according to the most recent Goldman Sachs, will be funded by cash in cash flow. So this idea that it's like it's all on unsteady ground and there's tons of debt, it's completely wrong. So far, 90% of it is funded by existing cash and cash flow, again, from the largest, most profitable, best companies in the history of the planet, The, the, Google's, the, the Microsoft's, the Metas, etcetera, right, Amazon. So we're like the first or second inning of what'll probably be at least a decade, maybe A2 decade CapEx cycle that that'll probably be linked up with like what's happening with space travel, with transportation, with synthetic genomics and other sort of disciplines that are basically enabled more by cheaper compute. They're all kind of linked up. I mean, there is some rationale for like linking XAI up with SpaceX or, or with Tesla, right? And bringing some of those things together because ultimately, like you're trying to streamline cost and sort of wield the maximum amount of power and compute. And then of course, you want to have like the best application on top of that. But you think of the, the power and the compute as sort of the chassis where like everything else you're doing, you're going to do that on top of that. And if you have an unsturdy foundation and in terms of your, your power usage and your ability to wield compute, you're going to be less successful in the long game versus the these behemoth companies that you're competing with who are more effective at yielding those resources, wielding those resources. So I think, I think that's kind of how I would, I would view it. And, and so because it's basically a battle for AI supremacy that it's not a winner take all, but it's certainly a situation where if you lose that battle, like if you lose a major battle on AI supremacy, where the market decides you suck at AI and Gemini is going to crush you like you're at risk. If you're on the board of one of these top five or seven companies in the US, you're at the risk of being a hard business case study of like how you you became blockbuster. Can you imagine how Apple became blockbuster or how Microsoft became Blockbuster or how Google became block? You're not going to be that. You're not going to be that guy. Like you're going to spend effectively whatever it takes. And the game theory says you might be willing to spend more than your market cap potentially because if if there's a real risk of your market cap going to 0 from 3 trillion, again, something we've never seen companies that these market caps. And so we've never seen a company that market cap fail or become obsolete. But I'm willing to bet that that is possible in a world where AI gets good enough that it can literally cannibalize software companies. And we're seeing this already overnight. I don't know if you've ever looked at the Stack Overflow questions and user chart. I mean, AI effectively killed Stack Overflow in like a month or two, right? It killed the the college prep market, right? Like there were there was Chegg and there was Barnes and Noble education and effectively took those companies almost to 0 in a few months because some business models are much more susceptible. If you're a hyper scaler like Amazon or Google, you're not at the firing line right now. You're removed from the firing line. The problem is that you have the biggest surface area to attack. You have the most to defend. And so if you're worth 3 trillion, what percentage of your market cap should you be willing to spend and not turn into Blockbuster? The game theory says quite a bit. And that's what we're seeing. And so there's a lot of noise in the short term from people that have no idea what's going on. They go on CNBC and say AR is a bubble. And it's like, God, these people, they're, they're just, they don't know, they don't realize how dumb they sound. Like it's, it's sort of like the people who said the Internet is, is, is not going to be useful for anyone but pornographers and college professors. Like that was sort of the argument 27 years ago. And like, obviously anyone who said the Internet was a fact machine like Paul Krugman or whatever, like didn't, didn't sort of survive the, you know, the rightness test over time. And I think a lot of people calling for AI bubbles today just have no idea what they're talking about. So now I give it 0 credence. In fact, I've I've tagged a bunch of people who who have said that because those are the people you want to fade in market, you'll make a ton of money doing the opposite of those people at inflection points in the coming years. And I've actually done really well specifically identifying people that have proven to be exactly wrong consistently on major things like this, like is AI real or not? Or is Bitcoin real or not? And those people are the people you want to monitor. So when Peter Schiff screams his head off the most about Bitcoin because he's so confident it's going to zero, you want to buy. And when the dumbest person you know goes on CNBC and says AI is a bubble, you want to buy there too. And these heuristics work almost better than any other analysis you can do in markets. And it's not sexy. These these big tragic guys can't sell that because it sounds like witchcraft, right? It sounds like, you know, like it's, it sounds like some sort of voodoo. But the reality is it works because whenever the dumbest people think high quality stuff is going to go down, you want to buy.
Speaker 4: And with the AI, the whole AI thing in general, it's like betting against technology. You never want to be the guy betting against tech. The same people that bet against the car were saying that horses were much better because they weren't as loud or or obnoxious and they could be a pet and all sorts of things. And then ten years later, there's no more horses on the road. But but the question, Mike, is when do they go all in? Is there an all in moment where the risk of of missing AI is just too extreme? You just basically full, full port into AI? Are we seeing that now? Is that already happening? This all in moment or or when is that all in moment?
Speaker 1: Well, only at the VC level because VCs are always in front, because they've got to be about 10 years in front of the public market. I mean, look, it's different now because 30 years ago you used to take companies public faster at lower market caps, and now the VCs and founders have gotten smarter and they're extracting most of the value of of their future public entity before it goes public. They're effectively like juicing it, squeezing the juice out, and then dumping the remainder on the public market, which is part of the reason why a lot of the public recent public IP OS don't do well. I mean, there's a lot of reasons, but one of them is that they don't tend to go out until the insiders actually think the stock is going to be fully valued, right? So, so if you're on the other side of that and you're buying the stock, you're effectively paying the price that that people thought, well, you know, was, was, was high now for at least appropriate. And so you're not getting a value price, right? Whereas the VCs come in early. The, the value there comes from being early, identifying the pattern, identifying the thesis, identifying the right team before there's any metrics, right? Like a lot of times, even a Series A, you're going mostly off of traction and not off of like real economics. And in fact, at that stage, you don't even want the company to necessarily be making too much money because it's actually harder to raise the next round when it's too much about revenue. You still want to hear about the story as long as possible for your VC. So VCs have gone all in an AI and there are some select examples of like public, you know, public equity hedge funds, like that guy who came out of opening eye, right, that that runs a public equity hedge fund. That's largely focused on on AI, but like the vast majority of investors are probably underexposed. If you take a 10 year view, it doesn't mean that AI stocks will go up next quarter or next year. But I think over 10 years, it's much like the Internet and in 2003 or 2005 or 2010 or 2012 where at any point along there you might have thought like the Internet was over or was it already run too far? Even as late as 20141314, I remember people saying Amazon was done and then it proceeded to go up a lot more. You know, I think I, I, I think you never necessarily have to go all in as an investor, but I think the people who go all in the earliest on some of these things tend to do the best, right? Because if you go all in and you don't have to sell and then you're right and you wait, then you'll capture much more of that move and and compound capital much higher rate than somebody who waits for the proof that it's definitely working. I mean, that's basically the difference between VC and public markets, right? Like I do a lot of VC too, everything from seed stage to to later stage to in some cases turnarounds in addition to public market stuff. And I think it's really helpful to understand companies along the full life cycle from like seeding a company on a whiteboard up to being a post IPO company that has an earnings report every quarter of an audit committee. And if you understand like every step along that spectrum, it's easier to understand like where you are in that journey. And sometimes people still take like a biotech, for example. They still take companies public at a stage that reminds me of the way like Microsoft went public in the 90s or 80s, right? Like NVIDIA was a public company in, in the late 90s. A lot of people don't realize that because they didn't really become aware of NVIDIA until the last five years. But it was around. You could have traded in 1999. You could have bought it in 2002. Nobody knew what it was, nobody cared, but it was there, right? And there were a lot of companies like that biotech, you still get companies that go out at 500 million or a billion, right? Like in the Bitcoin mining space, you had companies go out between 300 million and a couple billion. And now that some of them are worth more because they got into AI, but you're effectively still doing like late stage venture investing when you bought those stocks because there wasn't enough proof points and they weren't profitable, right? So you're, they were, they had a public ticker, but they weren't like big profitable public companies like Microsoft where like you're competing against every investor in the world because, because it's really easy to model their earnings and their revenue growth because there's so much information about it. So it was a lot harder to model like Iran's earnings or revenue 2-3 years ago because there wasn't very much information and you effectively needed to kind of do the work yourself. So I, I think AI is, is something that everybody should have in their portfolio. I think it's a 10 or 20 year things, which means that it could go down right, like the like the Internet stocks went down. Like at some point there will be, you know, a through of despair when probably post this IPO cycle, like opening eyes, probably going to try to beat Anthropic out at the end of this year. So open AI will go out and then Anthropic or in 1-2 or two, 1-2 like Italy, the switch, SpaceX will go out this year. There'll be a big IPO cycle and then they'll probably be a retrenchment. It might be 2027, right? And, and, and so then you'll get another chance like it, whatever the through is in 2027 or 28, you'll get another chance to buy them and they'll go off for a few more years as the cycle continues, right? And so I think if, if you have a 10 year view, though, like the biggest mistake you can make, especially if you're young is over trading these stocks, like being in and out of them. Instead of just having a kind of 5 or 10 year on where AI is going, just like over the last five or ten years, you wanted to have a view on where Bitcoins going. Like I, I luckily formed my view when Bitcoin was between 1500 and 4000. And I never sold any. I never traded out of any. I just, I just have held because I had a view that it was going to 1,000,000 when it was trading between 1500 and 4000. And so yeah, there's been a lot of draw downs and a lot of ups and downs and a lot of narrative shifts. Right now it's quantum's going to kill it. But the right decision for me is just to hold the maximum amount of Bitcoin from that area to 1,000,000. And I'm willing to wait 10 more years if that's how long it takes. I'm not sure it'll take that long, but if it does, that's fine. And I think AI will be similar. It'll be much like the Internet. We're probably like for AI, like 98 or 99 Internet, where probably the steepest part of the euphoria for AI stocks this cycle hasn't happened yet. But when that steepest part happens, that's when you actually want to be more conservative and defensive. You want to take profits, trim into traditional value things outside of AI so that you don't take the full brunt of whatever that drawdown is. And then you also want to be able to rebuy, right? So you want to be able to buy something back if you do trim. But I think if even if you did nothing and all you did was held like 5 or 10 good AI stocks for the next 10 years, you're going to beat most people who think that it's a bubble today, right? You're going to beat most of those people because, because even the bowls today are going to be wrong in the long run, even if they're maybe too exuberant in the short term in some ways. And that's the nuance here, right? Like it's all about, it's all about your time frame. If you have a if you're smart and you really want to make a lot of money in markets, you have to elongate your your time frame because you're never going to make like significant amounts of money, in particular on an after tax basis. If you're trading all the time. Look, if you want to go work at Millennium or or or Citadel or Renaissance or something, like maybe there's a job where you can make 10 million a year just programming high frequency trading boss or something, right. But like, assuming you're doing this as an individual investor, your best way of winning is to take a longer view in terms of time than anyone else in the market. Develop thesis is that are 510 fifteen years in length and then the only execution component is waiting to make most of your purchases when people are negative on that thing, right. And so having the the fortitude and the conviction to develop the view sort of in a vacuum that's independent of sentiment, independent pricing, decide that that is the correct view. And then from there, the only oscillations are sentiment and pricing. So sentiment is negative on Bitcoin now and pricing is good. So you buy it. If in a year from now Bitcoin is 300,000, everybody's losing their mind and trying to buy it. Maybe you trim it a little bit. Same thing with AI, like sentiment on AI right now, it is sort of in the middle, right? It was probably getting a little euphoric in early November last year and then it kind of sold off into the end of the year. And now it's it's sort of recovered a little bit in January. And so now it's sitting at somewhere like neutral. There's plenty of people that are bearish on AI and there are plenty of people that are bullish on it. But on net, there's no sort of math euphoria. And so maybe it's just a hold. You just hold whatever you have, but then if, if it goes completely euphoric later this year, maybe you trim it back down and, and wait for the next time it draws down and then and then again you buy the next time people don't like it and that's it. It's so simple. It's, it's, it's really simple when you say it, it's just really hard to execute because of course, when you're supposed to be buying the narrative and the noise on X is that the shit's going to go to 0. And when you're supposed to be selling, the narrative is just shit's going to go to Infinity like it was with silver. And yeah, I'll admit, if I wasn't, if I hadn't been doing this for 25 years, I could not have shorted 20 million of SLV. Last week. I actually had a moment where I thought, man, the 25 or 35 year old version of me would have covered this position. And I looked at it again and I re underwrote it again a couple times, right? And I looked at my positioning and I looked at how I'd put on that position and I was comfortable with it. And I decided I was going to be sticky and I was going to wait for the break. And then the break came and I covered and I followed my my plan exactly. And I largely ignore it. I mean, I got a lot of hate, especially over the last week from people that are bullish, but that's actually a good signal when you're about to be right in, in markets, it's usually because there's a lot of people positioned on the other side are about to be wrong. And so X is a really good barometer for that because you actually want these hysterical maniacs to be yelling at you, right? Like you want them to hate you. If you want to make money, if, if you care more about being like than making money, you shouldn't be in markets because you're not going to be very good at it. I don't care about whether I'm like. In fact, I, I actually need a certain percentage of people to dislike me because my returns would not be asymmetric if people agreed with me. Most of the time they're asymmetric in part because I, because my timeline is, is elongated and in part because I'm not afraid periodically to be not an extreme contrarian, but to be a reasonable contrary. And where I think I'm seeing something clearly. But for whatever reason, the market, because they're blinded by the extreme sentiment and inflection points. Like for example, MSTR in November of 2024, Like there weren't that many people banging the drum on how the exuberance had run too far at that time, particularly not Bitcoiners or people that were long Bitcoin. And there weren't that many people at least that I could tell that we're confident enough to short 20 million or more of SLV last week. But that's because I don't really care about how much aid I was getting. I only cared about whether it was the right decision. And I think the right decision right now is to add crypto risk. It's to add probably in the coming week, metals risk. It's to add equities risk beyond the Max 7, right? Like it's basically to beef up on anything that is likely to have a run when this period of time turns and I think it will turn.
Speaker 4: So what's, what's I got to know your top prediction for Britain for Bitcoin in the long term? You, you just talked about $1,000,000. Are you in the $21 million club or higher than that? What what's What's your long term view on Bitcoin?
Speaker 1: I just think it the numbers get kind of crazy and and I think it the issue is that most people can't think in exponentials at all, right? Like like if you if you told people that Microsoft or. Let's go back Amazon. Like if you told Amazon in March of 2020, 2003 or December of of 2002 that it was going to go up as much as it's gone up, like people would say you're crazy. Like if you told them that NVIDIA was going to go up like 5000 acts or something like a like a like an early stage venture investment from the lows duringthe.com bubble, like people would have said, you're crazy. And so I think I, I think it's sort of like a waste of time to even make those types of predictions because even the VCs like A16Z and Sequoia, when they do a seed stage round, they don't model. I mean, they look, they, they model the terminal market size and they say, well, this could be right. This could be $100 billion, a trillion dollar companies could be hyperscaler, etcetera. They don't think every single one of them is going to be hyperscaler, obviously. But in a in a given fund ventures, they're trying to have enough at bats at companies that could be like that. And I think what's interesting about about Bitcoin is unlike a company, the odds of an outright failure are, are much lower, right, because companies can fail for a lot of different reasons. They can mess up the balance sheet, right? There could be fraud, there could be products that become obsolete, there could be competitive pressures, etcetera. Bitcoin doesn't have the all of the same risk factors, right? And and at least in the competition realm, which is probably the most relevant as so right now, there's nothing in digital assets that looks anything like Bitcoin in terms of the structure, right? Like no pre mine, no living founder that, that like we can point to with certainty, right? The the path dependency of having launched when there was no VC interest in the space. The the proof of work component which requires large amounts of energy, which makes it much harder for AI to hack it, unlike most of the other protocols which are probably easier to take control of if AI get powerful enough, for example. And so like that. That's an example of something where there's really no off switch. Then the only theoretical limitation is how many dollars are printed between now and and and the terminal value. And then the only other question is whether the dollar still matters is the unit of account, because in a long enough arc of time with a long enough time horizon, the dollar may no longer be the thing you're pricing Bitcoin in. You may, you may reverse that and say, well, what, what are we, what are we pricing Bitcoin in the real world as like, can I buy this $20 million mansion in, in my city with a Bitcoin in 25 years? Or will we even like measure it that way where it's really not whether I'm going to be able to pay 25,000,000, but more, How many Bitcoin do you need to do that? Because we start pricing everything into real world things. And so I, I look, I don't, I don't think you need to know the answer to that. I think the important thing is to ask yourself whether at the current price, you think the optionality value effectively the range of outcomes that theoretically could happen over the next 20 years fairly is reflected in the current price. And I would argue it isn't because I think the odds of in our reasonable lifetime, like the next 10/15/20 years, the odds of $1,000,000 Bitcoin are extremely high. I think the market today is pricing it in the single digits and I would price it above 90%. And that's a sort of highly divergent and contrarian view relative to the market. And that's what creates the asymmetry, because I don't understand how you stop it from doing that over 10 or 15 years, because I think they're going to keep printing dollars. And I think because of stablecoin proliferation, the dollar will continue to be the most dominant government issued currency. And so if that's the case, then we'll probably still price Bitcoin in dollars. And I also don't see, given the fact that we have a Republican in the US right now who's about to run larger deficits than the Democrats could have gotten away with running, where there's going to be anything stopping that train? Like what's going to stop the train of constant deficits, debt, money printing, debates and etcetera? Like there's no stop to that. Nothing in the political process we have today in the US nor in any other country, which by the way, they're all linked. It's a, it's a broader Fiat superstructure that's all linked together. Like when the, when the Japanese central bank has an issue, the US central bank has an issue, right? Like the, the US Treasury has an issue, like they're all linked together. And so there's, there's no way for anyone to get off the train, right? And so like, it's just, it's just going to continue and Bitcoin is just going to continue to make blocks because there's nothing that can stop that either. So to me, it's a virtual inevitability and it's only a question of when. And because of that, I don't, I don't really care. Like I can make fantastical predictions like 20 million or 100 million or whatever, but I think it's more reasonable to just look at what's likely to happen in the next 10 years. And because I think what happens is when people think about those really far out things, they actually like paralyzes them instead of pushing them to act, they go, oh, that's too crazy. That's not going to happen. I'm not going to buy any. And I think what's more helpful is to think about reasonable outcomes in the near term and use that to build a strategy that allows you to win no matter how high it goes, right. And for me, that strategies buy as much as I could at the lowest possible prices and then only be adding strategically at higher prices when I think we're sort of diverging significantly from whatever the value is at that time. And I think like if we go a lot lower from here, I'm going to be buying, but I don't think it will because I think we're already trading below where it should be. And some of that's linked to the energy costs for for developing a Bitcoin. Some of that is, is linked to relative value, like where I think Bitcoin should be trading relative to metals, where I think it should be trading relative to equities, where I think it should be trading relative to bond yields, etcetera. And, and I think in the long run, the dollar is going to continue to base at a rate that sort of organically helps Bitcoin go higher, sort of like reverse gravity. Like it's foolish in, in physics to, to root against gravity because I, I don't think on this planet outside of right, like some sort of simulated environment that you can buck that physical force in the universe. And I actually don't think shorting Bitcoin, Bitcoin shorting Bitcoin is effectively like a guaranteed negative carry because you're betting against gravity. Effectively, like your bet, it's reverse gravity, but you're betting against something that's likely to go up basically just systematically because there's nothing on either side that can change that trajectory. Like there's no stopping the train a Fiat, the basement, and there's no stopping the train of new Bitcoin blocks. And if you understand both of those things deeply, then there's no way to get to a point where you can imagine a world where there isn't eventually, in a reasonable time frame, $1,000,000 per coin Bitcoin.
Speaker 4: Do does Bitcoin get to that point? And Mike, we appreciate your time brother. I know you I know it's Sunday night. So appreciate you man and and make sure you guys are giving Mike a follow as well and smacking no DS on because you know, we do really appreciate when people bring the knowledge and bring some facts. You know, he knows a thing or two about trading. So a lot of people look up to you Mike. So it's, it's cool to hear it from you first hand. And, and if we get on Brian Johnson's Live Forever plan, we'll get to see Bitcoin hit that 10 million, $100 million point, I'm sure when we're 150 years old as well. But why aren't the banks buying Bitcoin right now? Or are they? I mean, I thought we they're buying gold.
Speaker 1: Talked about this before, but like there's no, there's no incentive for the banks to do that. I mean, the, the big commercial banks, for example, in the US are effectively there to do the feds bidding in terms of creating a money supply, right? And, and to allow the, the entire sort of banking and monetary system to work in the US. And they want to take their spread from all those activities. And the problem with stable coins and the problem with Bitcoin is, is, is to the extent which the US government adopts some of those things, it's sort of disintermediates the commercial banking sector and makes them less relevant and less able to, to, to charge or sort of a rent on the system for doing what they do. And so I, I don't see any reason why, like if I was a bank, I would say that I was doing it because I wouldn't want any of my customers or partners or anyone to think I was an idiot and just ignoring it. And but I but I would largely do it to study it to see if there's anything we can do to stop it or kill it or, or sort of take it inside of our walls and use it to secure our relevancy into the future. But there's no immediate need for them or desire for them to do that. They're fighting against stable coin yields. They're fighting against stable coin proliferation. A lot of the tension between Trump and the banking sector and Jamie Dimon, etcetera, is partially because the Trump's were largely debanked and put under pressure with the bank. This is what it's also because Trump and Besant and Lutnick are pro stable coins and they're not dumb. It's actually rational for them to push the proliferation of stable coins because we need to develop alternative demand for the purchase of of treasuries in the long run. If we're going to consistently piss off not only allies, but but enemies in many cases who who have historically bought treasuries, which effectively lowers our cost of capital to operate our military and operate our services here, etcetera. Like we need them to do that to, to subsidize government operations. And if they don't do it, we need stable coins. Now, stable coins are very small today, but the banks aren't dumb and they understand that if stable coins become big, and particularly if the, if the, if the US government, the Treasury and the Fed develops some sort of CBDC, that would not only is it possibly problematic for individuals in terms of consumer productions, it's also problematic for the banks who once again, may not be as necessary in terms of the, the Treasury and the Fed in terms of them needing to do what they do right. Like they, they maybe come off the lead effectively because if they can issue their own stablecoin on a Ledger they control, they don't need the banks as much. You may still need credit, but I think it, it sort of disintermediates the banks enough that it, it calls into question whether they'll still be quite as valuable as businesses and, and quite as profitable. So that, that's why I, I don't expect them to do that. I think Bitcoin will continue to be adopted by people who have an incentive to do so. And whether the people hate it like it or not, like there's plenty of people around the world who have that incentive. And so contrary to what Peter Schiff said when he was in here, like the price every three to five years is just going to continue to be higher. You have to look at the five, three to five year rolling returns, right? Because if you choose any arbitrary starting point, you can show that bitcoins either performed amazingly well or you can show that it's performed amazingly terribly. But right now we're just sort of we're sort of at the low end of historical performance. And if Bitcoin goes to 2 or 300,000 in the next two years, we'll be back at sort of the high end of historical annualized performance looking back three or five years. And again, this a lot of people are just missing the nuance on a lot of this stuff. So they listen to one person like Peter Schiff say, well, Michael Saylor hasn't made any money buying Bitcoin. And it's like that isn't that is not even like 1% of the story. Michael Saylor's decision was incredibly rational and has increased the shareholder value from MSTR shareholders dramatically and made his his net worth go up and his equity value go up. And the story's not over yet. Because I would argue that if you control 700,000 Bitcoin today, you're probably going to be significantly wealthier in three to five to seven years, and there'll be no one else who will be able to catch you. And someone might argue there's no reason to catch them because Bitcoin is worthless. But again, now we're just back to the circular argument. If you don't like Bitcoin, you don't understand it because you're not capable of understanding or you're paid not to understand it or you're not incentivized to understand it like a bank, then it's fine. But like if you're actually smart and, and deep in thinking and you're willing to do the work, if you actually spend a few years, because that's how long it takes, I would say 2-3, four years of study where you're studying it like nearly every day. Like if you do that, it's really hard at the end of that process to get to a point where you hate Bitcoin. You may still have ideological concerns about because you may love your Fiat overlord. So you may worship the president or worship the US government and think that the government should always take care of you. And you may have those types of caucus type of views. But if you don't have those views, you understand what what Bitcoin is, then you're just going to be like, of course, this is great for humanity. It's great for human flourishing. It's great for the the disenfranchised, it's great for the poor, it's great for people crossing borders. It's great for refugees, it's great for people that live under oppressive regimes where the government routinely goes into hyperinflation because the people there are are criminals and they have Swiss bank accounts and they're stealing the money from the citizens. And there are tremendous real world reasons the whole Bitcoin. But usually when you have these donkeys coming in the space and saying they don't like Bitcoin, it's because they think Bitcoin is the QQQ. They say, look, it's correlated with the NASDAQ for the last year. It's definitely just a levered QQQ. And you're like, what the fuck are you? Like shut the hell up and go keep losing money. Like it's such a dumb opinion, right? The, the Bitcoin is not a levered QQQ, right? It's, it's, it's not something that's only used by, by terrorists and money launderers and pornographers. Actually, the US dollar in in particular, the $100 bill is the favored tool for, for most criminal elements around the world. It, it has been for a long time and will continue to be for a long time. I continue to use $100 bills because I get utility from it. And I don't care that some bad person uses $100 bills. But for whatever reason, with Bitcoin, it's like a, it's like a reverse religion negative ideology where it's like, well, these criminals are all using it and it's bad people who are using it. And it's like God, like take your, your 2016 or 2018 talking point home with you because it's not useful here, right? Like we've, we've moved on. We're, we're all adults. So anyway, I, I'm bullish on short, Long story short, Bitcoins going a lot higher. It doesn't matter whether the banks like it. It doesn't matter which governments like it. The game theory of it will require almost everybody to hold it within the next 10 years. People who don't hold it will be like the people who didn't buy Internet stocks 15 or 20 years ago. They'll be significantly poorer than the people who do. And it's sort of for some people a life and death decision because your life will be much better if you denominate your asset base and things that go up in value, right? The wealthy people own assets. Poor people love liabilities. And Bitcoin in my view, is one of the best assets. So if you don't, if you don't buy one of the best assets and you're not as rich as somebody who did buy one of the best assets in 10 years, don't come crying to me. Don't come complaining to me that I didn't tell you. I told you you were going to end up poorer and I told you I was just going to get wealthier and I, and I'm just going to go do it. And, and then you can wind to me in 10 years if you want. But don't say that I didn't warn you because I did warn you. I warned you repeatedly that if you don't buy Bitcoin and you don't buy the best AI stocks and you don't hold them for 10 years, you're going to be a lot poorer than somebody who did. And yeah, there'll be some government policy to try to make your life better when you're poor to like, wipe your butt and make sure you don't starve. But there's not going to be a government policy that's going to allow you to live the life same lifestyle as somebody who owns Bitcoin. Because the great thing about Bitcoin doesn't require government policy at all to use. In fact, it's one of the only assets in the world, doesn't require a counterparty at all. You can actually effectively hold it yourself. It's not even like a piece of real estate where eminent domain could take it away from you or the government could seize it, or they could raise your, they could triple your property taxes to make it impossible for you to hold it. Bitcoin is the only asset that doesn't have any government connection point at all if you keep it on a hardware wallet. So I'll pause there. But like, there's just a lot of, I'll just say at a high level, there's a tremendous amount of idiocy on this platform. Some of it comes from crypto Bros who are degenerating like shitty stupid coins and don't understand because they've never had a downturn in their lifetime because they started trading during COVID. Right? Like there's a spectrum of people here. There's people like that.
Speaker 2: And then there's.
Speaker 1: 4050 sixty year old men tried by guys who come in here who have no fucking idea what they're talking about or with Bitcoin or AI spouting off and pontificating about stuff like like they're the dudes that said the Internet was going to fail 25 years ago. And then there's every range of people along that spectrum. And all I tell you is you got to be really careful like what you consume because they think it's a lot like junk food. Like you think you can eat junk food when you're in your 20s and maybe you don't get fat and you don't get sick, but if you keep eating junk food and you have 4 kids and you get married, you're going to gain 50 lbs, you're going to get diabetes, and you might die 20 or 30 years younger. The same thing happens in market. If you consume this absolute trash from either crypto influencers or trad fibros who don't understand Bitcoin, crypto or AI on both sides, you're going to lose money relative to a deeply nuanced view that allows you to understand the full spectrum of the opportunity set investing and accurately assess what is most valuable and where where the most value is in the market any given point in time. And I would argue to the people on both ends of the spectrum I just mentioned that are the most hazardous to wealth. It's people like Peter Schiff that have zero track record of actually making investors money over 20 years on one end. And there's people like these crypto influencers who are encouraging leverage trading and meme stocks right before they crash on, you know, 95% and they get robbed. Both of them are I, I would argue they're both bad. At least with the meme stocks. If you're 25, you might actually make money. If you invest like Peter Schiff over 20 years, you're guaranteed that basically have a flat return. And so I would argue if you, if you do that in your 20s, you're not that much better off than somebody at least took a swing. But I just be really careful. As they said, there's just a lot of idiots. There are a lot of buffoons. There are a lot of people don't know what they're talking about. There are a lot of people that haven't actually built anything. They never started or run a company. They've never sold a company. They never sat on a board. They never run their own hedge fund. They've never sat on a public board. They don't actually have any idea like what's actually happening inside of these companies. But yet they spout off on these bases as if because they traded A ticker yesterday, right? Like they spout off as if they know something about investing. And those most of them are actually costing investors a lot of money. And I get it's entertainment if, if people are able to eat, you know, cotton candy and, and, and popcorn and, and not gain 50 lbs, that's fine. But a lot of the stuff on here is effectively like the cotton candy and popcorn of social media where popcorn is even worse, right? It's, it's all the, the, the shit that people are consuming, consuming that's actually causing them to get sick. And in markets, there's just a lot of noise on XA lot of trading, a lot of chart squiggles, a lot of kid analysts that are 24 years old with no experience, like saying to sell stock or sell Bitcoin or whatever and or buy silver at the peak, you know, blah, blah, blah, blah. Just one thing after another. So I'd encourage people to be really thoughtful. Remember that you're doing this for your kids and your family and your future. And it's not a game. If you want to, if you want to have entertainment, go turn on Netflix, right? But if you actually want to learn how to invest, you need to actually talk to real professional investors who have posted significant returns, right? Not people like Peter Schiff, who hasn't made money for his investors in 20 years and has been sued and had all kinds of customer complaints over the last 20 years because he's lost people so much money. So let me leave it at that, guy. Thanks, Bark. Thanks for having me, man. Appreciate your spaces. It was a great 1 today. It was great to have Shifty in here and keep up the good work.
Speaker 4: Yo, Mike, we appreciate you. Have a great rest of your weekend. We're drinking some red wine tonight to celebrate. You know, you taught us that, so you know it's a daily thing now I.
Speaker 1: Guess when I'm opening tomorrow, I'm opening some Petrus because we had the kids all weekend. I've taken my wife out for a one-on-one dinner. We have a babysitter tomorrow so we're going to open some some Petrus. And I'm pretty excited about that because I didn't think I liked Petrus that much. And then I had a bottle for New Year's this year and it was fucking fantastic. It was.
Speaker 5: Just it was so.
Speaker 1: Good. Yeah. And if I bought it at the restaurant, it'd be like 12,000. But I found it from a broker for four, so. So $4000 bottle of wine. But you know what? Life is short and I don't want to die without drinking more Patrice. So that's what I'm going to do. I'm going to drink more Patrice. But enjoy your.
Speaker 4: That's why you invest so you can have Patrice, guys.
Speaker 1: Yeah, or whatever you want. It doesn't. Look, I, I've been driving the same Ford F-150 truck for 13 or 14 years. And like most people who are in my position have bought like four or five sports cars in that window of time. And I just, I just don't care about that. I'd rather have a nice bottle of wine with friends or like a nice vacation with my family than buy sports cars. And some people think wine is frivolous, but look, I've, I've developed more friendships and gotten closer with more family members and whatnot who I wouldn't have been as close with by just opening a nice bottle of wine. And for me, that that's actually more valuable than a than, than some material gun, right? Like the value of a great conversation and a memorable moment with people you care about is the, it is the one of one NFT that everybody secretly wanted. They bought NFTS on Etherium because they forgot that what matters is the time you spend touching grass with the people you really do love in the real world. And wine to me is just a device. It's just one of many devices you can use to create a special moment. It's not a required device, but I found it to be additive if used correctly. So anyway, enjoy your wine, enjoy the rest of space. Thanks guys. Let's see if we get a a bounce and risk assets over the next week or two, but I think it's coming.
Speaker 4: I'm feeling bullish, Mike. I'm feeling bullish. We appreciate you. Have a great rest of your weekend. And guys, you never know what's going to happen in these spaces. You never know who's going to pull up. And what a cool moment that was, the gold and silver hero, the LeBron James of gold and silver versus some would say the LeBron James of Bitcoin. You know, so that was a pretty cool match up there. And yeah, you never know, man. You know, this is this is what Twitter and X is all about. It's about having cool conversations and bringing together the smartest people in the world. And that's what you don't find on YouTube and TikTok and Fox News and these things, you know, X is where experts and leaders and CEOs and, and world leaders can communicate directly. So very cool. And dude, shout out to Elon Musk for providing this town square opportunity and the right to, you know, talk about the things that we're passionate about and the things we care about South. And investing is important. You know, investing is the difference between you falling behind on inflation and you falling behind on, you know, a changing world, a changing world in a volatile world. Investing allows you to, you know, scale with, you know, the, the, the rate that you need to scale in order to stay ahead and especially not fall behind, you know, because most people are falling behind. So how do you escape that? You have to invest. You know, my next question, we'll save it for next time, was how many investors are actually successful? And I think that most people that attempt it are not successful. Yeah, I think most people that attempt to invest are not successful in the long run. I think they just, you know, they just, you know, they're not coming from a place of education. They're coming from a place of impatience. So, you know, it's cool to have people up like that, you know, that have done some big. I mean, he's talking about a $20 million short on silver. Yeah, that was a couple days ago. And that's just that's the next level. That's a next level move. Like you listen when someone is trading with that size, what's that fire?
Speaker 5: I said I'm suddenly not feeling so hopeless.
Speaker 4: Yeah, I ain't gonna lie. Yo, he came in right when we needed him. Yo, Peter and him up here, 2 Titans bark just battling it out. And I think, yo, Mike made some good. Oh, the face of finance. Yeah, the face of finance. These faces are the face of finance. I mean, look, this was said two weeks ago. This was said a month ago. The face of finance. People said you can't do that. And guess what we did? It's the town square finance. It's the boxing ring of finance. I would love to get Peter Schiff and Michael Saylor up here. Wouldn't you? You know, you you need a Peter Schiff. You need a Peter Schiff in the world. You do, you know, you need someone like that. You know, Gary Gensler used to be the the guy that everybody fought and it was fun. You know, he was kind of the common he he was a common opponent. So Peter Schiff is great for crypto. He's he's a great character for crypto because he is the antithesis of crypto and the antithesis of Bitcoin. So it's funny and you know, sometimes, like right now, gold is outperforming Bitcoin, so you know, and at least in the short term, the six month term. So it's cool to see that and it's cool to see, you know, it's cool to see them go back and forth because I love it, dude. That's that's really what X is about. It's ultimately it's information, but also it's hilarious. This app is is legitimately hilarious. There's so many funny things on here and there's always a good laugh. So some of these posts, man, about what's going on right now in the world are crazy. And you know, this is a financial space. We do talk about finances, investing, but primarily we talk about what's going on in the world. So every day we do these at 5:00 PM and 10:00 AM Eastern, but we also have these spaces going 24/7. So we're going to get that link pinned up to the top and you can tap in. We have tons of hosts that are continuing the show and hosting around the clock. But yeah, it's a great opportunity to just hang out in the community. So and and and network and grow. Make sure you're following the host and the Co hosts by the way, you know, and the, and the stage while you're at it, just so that you don't miss another show. And you never know who might just roll in here. We've got a lot of great guests on the show this year and in the past few years and also super, you know, connected around the world in entertainment and politics. You know, we're out here really boots on the ground getting great information and fast information. So yeah, that's it, man. It's been an interesting weekend. It's a Sunday night. We're getting ready to go into the next week. Future's opened up great. Quick correction right now. I'm watching it, you know, so we're going to keep an eye on it as well for gold and silver. I'm expecting some pretty intense volatility tonight and going into tomorrow, but we really won't know until tomorrow. This is futures. It's a smaller, smaller market. And in China and India, we're seeing that gold and silver are still trading for ridiculous premiums. We got Auntie up here. Auntie I, I was going to hit you with a question for him. I'm not sure if you still had a a point to add though.
Speaker 6: Yeah, man, I did have.
Speaker 1: A question for him, but we'll get it next time. You have the best guess, honestly. I know it's kind of something that sometimes you laugh about saying that you have one of the best, you know, financial discussions in the space. But to be real, there's a lot of hungry people out here and there's a lot of people that want to learn. So maybe, you know, even though we don't have 550, you know, actual financial investors in the space, there's a lot of people that want to learn and those are the people that this will affect the most. So I'll ask the question.
Speaker 6: Next.
Speaker 1: Time I'm trying to get the kids to bed.
Speaker 3: You know how it goes.
Speaker 4: Oh for sure yo take care of it yo family 1st. And that's why we do a lot. That's why we do what we do. You know, we do what we do. We do it to to learn to provide and provide for our our friends, provide for our family, you know, help guide people, educate people. If you truly care about the people around you, you can't allow them to fail without trying. You know, to to not give them good information and to not guide them in the right direction. Is, you know, is it's a responsibility that you have. So now, if they decide not to listen after repeated attempts, you know, depending on how much you love them, from there, you can decide how how long until you give up. But you know, if it's someone you really care about, you should definitely encourage them to, you know, to learn more and make sure you're educated yourself. But that's why we do it. You know, you want to bring up the people around you. And that's why we have this community here on X and we do these spaces everyday, these cartoon pictures that you see of these dogs. This is how you tap in with the network. You know, this is built, this community is here because as a whole, we all want to succeed and as a whole, we all want to grow financially and we want to obtain quality assets and just and be successful, right? Whether it's entrepreneurship, investing, whatever. So if you're new around here, make sure you tap in and and definitely stay around so you can learn more and meet more people. There's a lot of great people here as well that would love to help you and would also love to, you know, speak with you. So there's, there's other spaces at night because I know in the request, there's at one point we had 800 people in the request tonight. I've never seen that in my life. It was insane. 800 people in the request. So there's there's other spaces that are going around all day with 50 people, 20 people. So if you're new, definitely go in there and, and, and voice some of your ideas because we love to hear from new people. So this is meant for for anyone, you know, that's really, that's the type of investing that we like. We don't believe in the gatekeeping and we don't believe in the tough stuff and the weird stuff. You know, we, we do practical things. So we invest in practical stuff, precious metals, crypto, very simple, it's very simple stuff. So a lot of these people in the community would love to, to chat with you, to help with you, you know, help you. So plus it's good to have a accountability network. But you know, the, the main thing is, is that we want to stay educated on what's going on in the world and in the world right now, you're seeing some pretty crazy stuff happen. You know, the FCN files just dropped 3.5 million follow up 3.93 point, 5 million files. It's hard to even say 22 per minute. He was averaging, he was putting up buckets, 22 per minute. And, you know, it has a lot of stuff in there, man. It talks about rigging the markets. It talks about how the banking system is a scam. You know, there's an interview of Jeffrey Epstein saying that the banking system is a complete scam. He breaks down fractional reserve banking on video. Like he's a college professor. Like this guy wasn't just some, you know, he wasn't just some weird guy behind the, the GameStop, just like what, you know, just hanging out in the back of a GameStop. Just some weirdo. Yeah, He's not just some weirdo. He, he is a weirdo. But this guy was tapped, tapped into a lot of stuff. You know, he was ultimately connected. So instead of just being angry at him and just being angry all the time, you should just look into it from a educational perspective. Remove your hate and anger and try to and not just try but to make sense of everything and how it's all connected. Because within these files it is a lot of truth that is no longer just on 4 Chan forms and out on niche areas of the Internet. A lot of the stuff that you see here in these files are now confirmed. These are these were conspiracy theories a year ago, three years ago, and they're now being confirmed by the US government as real things. And Bitcoin is in there, the banking system is in there, fraud is in there. He see there's interviews of of Jeffrey Epstein saying they're shorting shipping futures. I didn't even know there was shipping future shipping futures. They were shorting the market on these crazy on these crazy things and then rigging, you know, rigging what was happening in the news and rigging what was going on. Like they were just playing with the chess pieces, bro. And it's all confirmed. So this is happening. It's a real thing. What does that mean for you and your your investments? Well, I think it, I think it means that nothing is off the table anymore. So all these crazy theories that you hear about the world and what is going on in the world, you know, they're worth investigating. They could potentially have some validity. Now, you don't need to become a conspiracy theorist, but you know, if something is labeled as a conspiracy theory, it is usually labeled that by the the group it is conspiring against. And that is why it's a conspiracy theory. They're just putting up some defense around it. That's what that's what's labeled A conspiracy theory. There's defense around the theory because if it wasn't true, nobody would care. It wouldn't be a conspiracy theory. So, you know, these are the kind of things that you need to pay attention to. So of course, you know, we're breaking that down. We're looking at that. We're watching futures for the next week. We're watching crypto prices. I mean, some people are calling for the bottom. It it doesn't feel like a bottom yet to me. It just doesn't. You know, what's another beating who feels like another punch is coming, who feels like another couple punches are coming? I mean, dude, come on, bring it on. At this point I'm numb. Just fucking let's get it over with, you know what I mean?
Speaker 6: End it now just a.
Speaker 3: Matter of time.
Speaker 4: You got to get it.
Speaker 5: Over feels like it's like 3.
Speaker 4: So, yeah, so you know, in the movie Shrek, one of The Archers shoots at a bow, a crossbow, and it hits it hits Shrek in his butt and he they just have to get the arrow out and he doesn't want to do it, but you just have to pull it out. So you know what it is, dude, just it's the same thing here with what is going on with Crypto. Just get it over with. Come on, just just bring it on. Just pull the arrow. Just get it over with. Can you just pull that out, give it over, get it over with, guys, let's just focus here, you know, let's get it over with. Let's get a generational buying opportunity. Send Bitcoin to 40,060 thousand 70,000. If Bitcoin gets to 60,000 it may be achievable for you to hit point 1.2. I don't know depending on how DJ you are mate, you might be able to grab a whole Bitcoin. You might be able to full port. Maybe you're sitting on some Pokémon cards and it's time to grow up, Buttercup. Actually, I can't even, I really can't even talk poorly about Pokémon. It's been outperforming everything. Now, not all of it. There's a couple people that are doing it, but most people are just looking for an excuse to to run through Costco. Most people are not truly investing. They're just addicted to a cartoon. As an adult. Think about that for a second. All right, Now, look, it doesn't make it wrong, but it doesn't make it right. Yeah, there's a lot going on in the world, and you need to know what you should be doing with your money. And it's very clear that simply holding cash is not a feasible answer. The dollar has lost 10% of its value this year. So if you make $100,000 a year, you now need to be making 110 to have the same purchasing power. And I most people have not done that. It's January. So the dollars lost 10% in January. Most people have not gotten a 10% raise to counteract that. So that's how inflation works. But inflation is invisible. Inflation is an invisible tax. So when the government is printing, you don't get a notification, you don't get a letter in the mail. You're, you don't do TurboTax. When the government starts printing money, you, you really have no idea. You know, now you could, you could track it, you know, but nobody's tracking it. There's AUS debt clock where they literally show you. Nobody's looking at that. I mean, these are just numbers. You can't even fathom. It looks like a pinball high score. There's, there's 100 zeros. You just see, you'll see a, a line on the debt calculator. It's just debt per citizen. It's like fucking 15 zeros. What am I looking at here? Debt per citizen, U.S. debt, It's going up. It's literally going up like millions of dollars every second. But how are they even spending that much money? What could they possibly be buying? I mean, what costs $1,000,000 a second? I mean legitimately, how could it even? How could it cost $1,000,000 a second?
Speaker 5: Well, a lot of it is like social programs. Obviously that happened like every single year that a lot of people take advantage of. And then there's also like the military spending, which is just constant, right? You know, every time they move a ship from point A to point B, you know, they're burning a couple $1,000,000 moving in across the ocean. So like those are things like that that are constantly going on that are involved with our our government that need to be funded and these things need to be spent on. So in order for that to reverse though, it's not going to happen from taxes, it's going to happen from carving out a lot of this waste and a lot of the extra spending that we see on things that we don't necessarily.
Speaker 4: Yeah, they ain't doing that, buddy. They ain't doing that. So they're siphoning the money out of the United States. They've never, you know, you're asking are they going to slow down the waste and the fraud? Dude, buddy, they've never been going faster. They're figuring out how they can maybe open up a couple more furnaces to shovel money into because that's literally what it is. I mean, I, I today I just saw another multi billion dollar. I mean, dude, we're buying planes for other countries. We just bought $90 billion worth of planes for another country.
Speaker 5: Yeah, the world is our sugar.
Speaker 4: Yeah, meanwhile, meanwhile, meanwhile, you want to take your family out to go bowling, Guys, bowling is now a $300 activity. OK, it's a $300 activity and you're going to feel like shit. You're going to eat a $2.00. You're going to eat, you're going to eat a a frozen pizza. In flat beer for $300. I mean, you guys know what's going on. This is not natural. It's not normal. And yeah, we're sending billions of dollars to foreign countries. So, you know, the the, the taxpayer has a question. The taxpayer has a right to question what is going on with their dollar and the taxpayer has a right to question the direction and the direction of this country. You as a taxpayer need to know half your money is being sent so that, you know, people can run a, the government can run a, an Epstein's ring. Like that's where your money is going. You know, they just said, they just said no one is going to be convicted in the Epstein file. Deputy Attorney General Todd Blanche signals there will be no new charges around the investigation of Jeffrey Epstein. Yeah, they're done investigating. Yo the the.
Speaker 6: In.
Speaker 4: September 2025, Cash Patal, nobody's guilty, guys. Yeah, cash Patal, no one's guilty. Cash Patel came out and said like there's no, there's no reason for me to think that any kids were being trafficked and he had in for he had all the 3.5 million files that we have today.
Speaker 6: It's.
Speaker 4: Kind of alarming. Yeah, I know. So. So look, you guys are paying. So the government is not, they're not arresting anybody, They're not investigating anybody. They're done. They're closing the book and nothing happened and you still want to give them tax money? I mean, you're seeing every, you're seeing Bill Gates, dude. Did you guys see what happened with Bill Gates? I mean, legitimate. I almost don't even want to say it.
Speaker 5: With a little antibiotic.
Speaker 4: Yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah. I don't even want to say it, guys. It's actually, it actually is just the craziest thing you've ever heard. And once you realize that this is who is, this is who you're paying your taxes to, you're paying half your money for this stuff. I mean, at a certain point, you just start losing faith in the system so much because these are, these are moments that the whole world sees, right? It's called losing faith in the system. There's a there's a level of, of belief in a system, trust and, and people look at the world and determine, you know, do they feel that we're going in the right direction? There's times in history where the where that is really hot, patriotism is hot, nationalism is high, and people are generally optimistic about the future. OK. And there's times in history where it is not those things. And that is what is going on right now. You look at the government and you know that literally nothing that you're seeing and hearing is real, and they're putting out these files that confirm it. I just believe that the general public will not get beyond surface level of these files. They will never go one layer deep, you know, And that's where the that's where the information actually is. You know, that's where the information is. You got something wrong. Oh, sorry. Oh, you're good. Yeah. So that's where the information truly is. It's layers deep. Most people won't go down there because it's a lot, not only a lot to handle, a lot to go through. But this is going to tell you what's going on in the world. And honestly, I couldn't be more bearish. I couldn't be more bearish. This government may, it's toast. It has to come. You know, everything has to go through this, this cycle, right? And we're getting towards the end of a very long cycle, right? Ray Dalio points it out as a stage 5 going into a stage 6, which is a breaking down of the monetary order. So, you know, at some point the, the money printing is too out of control. Everything's out of control. Inflation is out of control. We're going to, we're going to, we're going to have to get back on the gold standard at some point. We're going to need some sort of new reserve currency. Maybe it's a CBDC, maybe it's a, you know, maybe it's gold, maybe it's tokenized gold. We don't know what. I doubt it. I bet it'll be a CBDC because then they can start them. They can start the scam from the beginning again, You know, they, they, they can start a brand new currency, they can fix the tokenomics, they can bundle it 99.99999% or they won't even need to bundle it because it's not a fixed supply. They'll just keep printing it. I don't even think that the public will have record to be or have the ability to audit. I don't think the public will have a record. You can't audit Fort Knox. So yeah, what's up, Fire?
Speaker 5: So do you think that this is something I've been really questioning myself a lot lately? Do you think that Trump is in over his head or do you think that he knew all of this was going to be stages?
Speaker 4: To what needed to Trump is Trump is Brad Pitt and he's so good at what he does. I mean, honestly, I I love the guy. He's in he is he is one of the greatest. You know, he, but he's Brad Pitt, you know, so when people say Trump is raising inflation or Trump is doing this and Trump is doing that, I don't think Trump is doing very much of that at all. I think Trump is a Trump is a figurehead, A spokesperson for the American government. But clearly the government is is ran by a, a group of people who are not in view of the general public. If you have not figured that out at this point, that the US government is not being run by the group of people that are in front of you. They're being run by people that are completely outside of the public's view and requires an intense focus to understand because it is not obvious. And the answer is highly concealed. So, you know, but the FCN files are great because it's, there's some good stuff in there. You should go check it out. You know, I think that would answer a lot of these questions and show potentially where these decisions are coming from. Because once you learn that the, you know, the US government is not truly, you know, it's not even Americans in there, you know, really making the decisions. Once you learn that you you'll realize that they have very little empathy for citizens of the United States. How could you be empathetic to your own citizens if they were not even your citizens? You know, if you are controlling a country across the world and you didn't see anything, you weren't there, you weren't on the ground, you didn't see what's going on. Like would you be empathetic or would you not have empathy because it's through a screen, right? It's the same way people are less empathetic on the Internet. You know, they're less. If you can't see what your actions are doing, you won't have as much of a feeling associated. So the people that are running the country, the US, the United States, do not feel empathetic to the citizens and that it's in the in the decline and it's being proven because we're buying jets and we're doing all these things and nobody's getting charged with this stuff. So it just tells me that the direction has never been clearer and that the train is going in a single direction. You know, it's headed in One Direction. Will it go fast? Will it go slow? That is to be determined. That will change. But what direction is it going? It's going in One Direction, so you just have to prepare for that. That's why you need assets. That's why we like crypto. You can take assets anywhere in the world with you when you need them. We also like gold and silver because in the event where the world is ending and you have two seconds to get out the door, you grab some silver. You can just get on that last boat, get on that last flight, get on that last. Who knows what if the dollar has collapsed, but you still have some pieces of gold that will be the most likely unit of money. The most likely unit of money to be used is gold. But because the value of gold is so high, maybe that's where silver comes in. Really silver plays more of that, you know, silver plays more of that that, that role of money. You know, gold is too the, the price is too high, it's getting too small, you know, so, but I do like silver for that Copper as well could play a role if these prices get out of control. Copper could also be a great unit of, you know, of money, $5 copper pieces, $10 copper pieces. I mean, dude, who knows? The nickel might be worth 5 bucks one day. the United States nickel right now has seven point. What is it, 7.4 or seven? Yeah, 7.4 cents worth of precious metal. Or what is it, 7.8? I think it's 7.8. It's like a 44%, you know, arbitrage one US nickel, it's worth $0.05, you know, always as money. But the metal inside is worth 7.4 to 7.8 cents depending on what copper's out right now. But it just goes to show you how ridiculous the, the, the government is. They're just, they're, they're doing that. They're printing a form of money where they're losing money by printing it and the metal is worth more than the money. It's insanity. So that's an arbitrage play. I know a lot of people like that they're actually buying physical nickels. It sounds ridiculous, but there is a it's at least a fun thought experiment for you to conduct, you know? But who knows, maybe if there's a currency collapse, nickels get discontinued. 1 nickel might be worth 5 bucks.
Speaker 5: I did tell my husband he's not allowed to spend the nickels because my husband's a big cash guy and always comes home with, you know, his pocketful.
Speaker 4: He's a nickel. He's a nickel kind of guy. Yeah, he's a nickel kind of guy.
Speaker 5: Don't don't turn in the.
Speaker 4: Yeah, yeah. I know a couple people that are not nickel guys. They just don't like having them around, you know, but it just depends, just depends on kind of how you grew up. So I think I think it's pretty clear, you know, I know it's pretty clear. Actually, I don't think anything I know, I know it's clear. Assets are the future and gaining control of some assets is is in your best interest. But man, man, this has been such a great. It's been such a great week and already the financial markets are going One Direction. But dude, I have this feeling that something massive is coming, especially with this community in the face of finance is not a joke. And you have to understand the value of that position. Most people, 99% of people don't understand, but I know there's some dogs in here that totally get what is it, what's going on right now and where we're going and the value of going there. It'll be more impactful than any road map you've ever seen in your life or any T-shirt or any fucking art contest. Those are has been activities. We're going for global takeover, ladies and gentlemen, and people know it and you know, they're seeing it in 4K Tonight has been what a insane show. I mean, to have Peter Schiff, Mike Alfred going back and forth live during the when both are going down, silver's going down and gold's going down, crypto's also going down. So everybody's taking punches. But just an incredible moment. Yo. So if you were here for this, very cool. Yeah. Like I said, we're going to continue to have some great people up here. I've been telling you, actually, I've just been saying it and it's been coming true. That's it, you know, that's, that's it. I mean, honestly, really thinking about it, you know, a lot of a lot of success, maybe not with investing, but success with your personal brand or your business comes down to simple belief and outward manifestation, You know, literally just saying things out loud and then holy shit, three days later it's coming true. I mean, that's it. You know, I wish I wish there was some sort of formula or complicated formula, but self belief and having good people around you is critical. So that's why I like being in these spaces, man. Y'all, y'all inspire this account every day to see people come out of, you know, come out the mud to see people level up, to see people articulate more and build a brand and grow and network is very inspiring. It inspires me, inspires Shibo shield. You know, it really makes us, it makes us want to go hard as well, you know, harder. And people are like, holy shit, how hard are they going to go? We're going to keep going harder. Maybe the hardest you've ever seen. You say how could he? How could he even? How could they go that hard? I've never seen it that hard and then make it harder. Yeah, Yeah. And then they would go harder. I mean, guys, look, there's levels to this. We just happen to be breaking through ones that have never been discovered. So the merging of traditional finance, precious traditional finance stocks, AI, precious metals, investing, futures and crypto. It's a very unique platform. It's a very unique space that can have some crazy conversations. I know we're going to get some crazy guests up here. Michael Saylor is like a Saylor. I know you're out there. So he's, he's in next. I know I see him down there. So he's he's next on the list. Get them up here. I'd like to get I'd like to get Sailor in here with with Chef. I feel like that has never happened. Has it happened? I don't think so. Yeah, that would be a great.
Speaker 5: Space. It will by next week. Footer spaces.
Speaker 4: That would be a great space, yeah. What about CZ versus the OK X guy, the OK X founder?
Speaker 2: That's probably.
Speaker 5: Not that would be a banger city.
Speaker 4: That would be a good one.
Speaker 5: What? What about?
Speaker 4: What about Elon versus Sam Altman? I think that would be a great one. Yeah. I mean, there's nothing off limits. I'm just throwing. I'm just throwing ideas out there. You know, this is who knows where they'll land? I know where they'll land. But yeah, so it always lands. But that's that's it, man. It's, it's, you know, the, the, the writing is on the wall with, with what we're doing here and what we're building here, the writing is on the wall. Everyone's a talker. Very few people are walkers. And as we continue to do what we're doing, it things may look different, things may change, Things may, things may pivot, things may adapt. But guess what? You either adapt or you die. This is it and we refuse to lose you know we refuse to lose we're going to we may we may look different, we may change, but we don't lose so you know that's that's that's it man, y'all already know what the Hell's going on those little dogs, the great reset gold versus Bitcoin man History has been broken today. History has been broken today. How many hours have been on spaces today? 9, 9 hours? Yeah, we've been on here. I think I've talked for 9 hours today. How's that?
Speaker 3: Lead by exam.
Speaker 5: Other founders called.
Speaker 4: Four years in, four years, four years in, four years in still doing 9 hours of spaces a day.
Speaker 1: Yo, if you're taking votes for the next special guest, Antonio Brown and Bill Belichick or Antonio Brown and some type of mushroom shield loves.
Speaker 4: Antonio Brown? Yeah, No thanks. Shield might be Antonio Brown's number one fan. And Kodak Black.
Speaker 2: Yeah, No thanks.
Speaker 4: Yeah, you know who? You know who SHIELD really wants to work with? Can't wait, NBANBA, young boy, he thinks that would be. Yeah. I mean, he adds a little bit, like, yeah.
Speaker 1: The true financial expert.
Speaker 3: That's who we need.
Speaker 4: He just wants a 30. He just wants a 50K cash deposit, but he promises to show up. I know who SHIELD wants to go to dinner with. Who was that? It starts with an L Oh, yeah, yeah, that guy. I'd love that Rose. No, it's a guy. If you're about to say la boobie. Oh, yeah. No. So no, no. So that's it. And just a word of advice, guys, you know, because I know that there's some there's some NFT projects in here, some crypto projects in here, guys. I mean, it's, it's, you know, it's time, it's time to move, it's time to go. You know, it's time to pivot, it's time to, it's time to do things differently. It's time to think like a winner. You know, there's a lot of, especially when prices go down, there's a lot of, you know, you could call it vibe shifting, whatever. There's a lot of vibe shift and people are generally pessimistic. People get pessimistic and so when you see pessimistic people around you, people that are, that are kind of falling apart, this could be in silver, this could be in crypto, this could be in stocks. When people around you are falling apart, you got to get away from them at all costs. OK, Now, if they if you're OTF with them, you, you grab them and you work it together. But if it's just some random person that's trying to get a like trying to get near you and is negative, you got to block them out. This is this is one of the principles of of life to avoid the unhappy and the unlucky people that carry those characteristics. You, you got to stay, you got to stay away and you're seeing a lot of that right now with investors because most things are are seeing some no one on here really is too heavy into stocks. I think that crypto and and and go precious metals and AI leverage stuff hyperliquid. I think that's mostly what we're seeing D Gen. plays, right? People are doing options and stuff. Very few people on here just invest in the S&P 500 and look for advice. You know, very few people. So on acts, those types of people watch Fox and CNBC, you know, that's where they get their information. Fox Business, you know, so they can watch, they can watch boomers battle it out. You know, Boomers are going to go to town. We just refinanced our 4th home. OK, Congrats to Congrats, Boomers. They're on their 4th home. Gen. Z is, is probably going to live above Insomnia cookies for the rest of their life. There's a good chance somebody will live their entire life above an insomnia cookie in an apartment in Kansas. OK, this is where we're at, guys. This is what's at risk if you don't get focused. That's why it's important to get focused. So it's important to be a dojinal dog straight up. There's two types of people in this life, people with jet packs, people without them. That applies to what you're seeing here, you know. So again, if you see people that are unhappy, there's projects that are going down and there's projects that are going up. There's groups that are going up, there's people that are going up. Trajectory, don't look at the direction, look at the long term trajectory of the group and the people and the team. You guys understand this. So you know, that's it. It's one of the key principles of investing. What you think you think that anyone is more capable of figuring out how to navigate than these accounts? No, we're proving it too. It's it's, it's, it's simple. I mean, number 1A callers, it's not even a joke. I mean, it is a joke. It's a glorified cameraman, an almost crack dev and a glorified used car salesman. It's the beginning of a great joke. It's a yeah.
Speaker 5: The.
Speaker 4: Punchline is when we take over. Oh, a glorified cameraman, SoundCloud wrapper and used car salesman walk into a bar.
Speaker 5: And then by that's what I was.
Speaker 4: Looking for SoundCloud wrapper. Uh huh.
Speaker 2: They walk into a bar and then they take over the world.
Speaker 1: Yeah, funny how that works.
Speaker 4: Guys.
Speaker 1: Or they just take all your money.
Speaker 4: You guys can check out Fokey fans. It's like ceiling fans. It was a great company, something I'm really bullish on. Fokey fans.
Speaker 5: Love those fans.
Speaker 4: Ceiling fans, big fans, commercial, industrial, residential.
Speaker 5: Have you heard about Only Wizards?
Speaker 4: I'm bullish on them. Only Wizards, yes, I don't know what that.
Speaker 5: It's like only Fans but with Wizzies.
Speaker 4: I don't know all I all I know. All I know is, is that we had more Gray checkmarks in this space than ever before. Guys, we are in, we are in Washington, we are in Shanghai, we are in Australia, we are in New York, we're in Chicago, we're in Los Angeles, we're in London. We're in every city. We're we're being played in every government building. I mean, this is really where we're at. We have housing representatives, We have Bill Pulte up on stage. I mean, we've got government officials listening to these spaces to figure out what's going to happen next. And I think we all know what's about to happen. I think we all know. But that's why they listen, right? Everybody knows.
Speaker 5: Just in case we let them know.
Speaker 4: Yeah, OK, drug you know they.
Speaker 5: Want they want to.
Speaker 4: Know what you know? We know What the fuck's going on? I know. But do you know? Yeah, I know. OK, let's figure sure.
Speaker 5: We we in the UK though, so we definitely can't say what's going on.
Speaker 4: Yeah, I mean, we all know, but you just can't. We just can't say it out loud.
Speaker 5: And and there's no need.
Speaker 4: To sometimes, yeah, you don't even have to. That's a great point. I'm going to start.
Speaker 5: Saying what's understood doesn't need to be said.
Speaker 4: Yeah, guys, I would get your funds off of JP Morgan immediately. How long to I'm going to say most people have no idea what's about to hit them.
Speaker 6: Time's running out.
Speaker 4: Because I mean, this is really, I mean, it's, it's Shakespeare wasn't even, he wasn't even, you know, Shakespeare was decent, but he wasn't doing what he wasn't doing. What's going on here? You know, he wasn't doing 9 hours of spaces. I mean, they'll look back at these times. They will, they'll study and say, how did they do it? You know, a Freeman, a cameraman, a SoundCloud rapper, and a used car salesman. I mean, what the heck, they fought off every silver snake, found the real estate group of people on X and and ascended to the highest level. I mean, holy moly, they'll look back at these days and, and they'll study them because in hindsight, it'll be obvious. You know, it'll be, it'll be completely obvious. How's crypto doing? Did he catch a bid? I mean, the guys look $77,000 Bitcoin. I mean, me personally, I think you're going to see Bitcoin. I think you'll be able to buy Bitcoin for 60K, Mike tweeted after he got off the stage, saying that he expects A reversal starting tomorrow when he did opens. Yeah, yeah, he probably heard me. He probably heard me say that.
Speaker 1: Yeah, yeah, yeah of.
Speaker 4: Course, Yeah, yeah, yeah. He heard me say that. And he's like, damn, that was smart, dude. I get everyone as, you know, everyone. It's hard because, you know, sometimes I feel guilty for pumping the markets. I mean, we added $5 trillion to gold and silver. You cannot tell me we didn't. I'm serious to XRP we added a dollar guys, on the day where the where Sheba put out that the Saudi Prince bought 10 billion, the price pumped 17%. No other coin pumped. You're not telling me that. Oh, and by the way, the Saudis invested 500 million into World Liberty Fi. So you're telling me people are saying that the Saudis would never invest in a cryptocurrency? They just bought 500 million of World Liberty 5. Did you guys see that? Isn't that 50%? Yeah, Yeah. Days before Trump took office. Guys, guys, America, America's financial blockchain infrastructure is half owned by Saudis. Just think about that for a second. Like, just think about how how think about what? Think about what is going on. Elon Musk said that the we have entered in. What did you say? The singularity has begun, which if not even real anymore. Yeah, look, he just said we're in the beginning of the singularity. Damn. You got something, bro? Yeah. He's really. He's just cooking in the kitchen, guys. Sam is a Michelin star, Seth. He's a chef. He's a Michelin star, Seth. Right now he is cooking for a very, very famous musician. A very, very famous musician. Yeah, very famous. His did. The name is Mr. Mehoff. His name is Jack or something like that. So yeah, he's preparing a dinner for him. And yeah, I mean, this is the kind of community that we got. We got very it's very high level community, very potent community, very successful. Could be a lot of Forbes 4000, forty, 3000 thirty. Bunch of them in here, a bunch of Y combinators, Stanford. But ultimately, you know, I don't really to be honest, you know, I think you can be successful with or without any of that. Sometimes I think the people with no degrees and no education at some point in the school system, they just looked around and said this is awesome bullshit. That's what I did. They told me I was, I was not a smart, I was not a good student, that they were correct. I was not a good student, but you can be. You don't need to be a good student to be smart. To be a good student means that you can memorize what you're told and do what you're told. OK. That's what a good student is. To be smart, to be educated or to be to be wise or totally different things and can be accumulated and acquired in many different ways through reading, through practice, through failure. All of those skills can be acquired through just living your life now, you can also be a better learner. You can be a better reader. You could be a better, you know, you could, you could achieve wisdom a bit faster by living life and experiencing a lot. You know, if you've had 10 failed businesses versus someone who has 1, you know, you might be the same age, but the person with 10 businesses, Well, if you had 10 failed businesses, maybe it's quite a few. Maybe I had 10, though. I think I probably had 10. I don't know. I mean, I have, I had businesses that were just a photography business that I, you know, I just, it's not that they failed. I just, I just, you know, moved on to different, different things or learned something. I've, I've had businesses that just didn't work out like, but, but it's not like a restaurant where there's a ton of capital. There's always software business. It was always a content business. Zero capital other than time and knowledge. Those are my favorite businesses where it's all it's social. I like social capital a lot. That's what these spaces are social capital. You basically build social capital by proving consistency, improving high level work. And that's exactly why people are coming into these spaces, right? I mean, you know, you can, you can listen to the judgments of nobodies and losers about, about these spaces or this community, or you can listen to the people that are doing are putting in short positions greater than the sum of the net worth of the of the haters times 500,000. Like this guy puts a $20 million short position. Every single hater has a combined net worth of of of 100,000. I'm, I swear. So, you know, listen to the experts, they're coming into these spaces, People are talking, people are engaging, you know, there's real people in here and it'll continue to be proven. So holy moly, how do we keep going? Guys, it's 9:00. That's got to be that's got to be a record, right? Today has been a record.
Speaker 5: Nah, you did 24 hours for two months.
Speaker 4: Well, no, not not just for length, for girth. Well, no, I'm just well, no, I'm just saying that. Think about this for a second. Look at this, look at the the growth of these spaces without an external, without an external like free catalyst, meaning that during Trump, Trump, Trump election was a free catalyst of engagement. Engagement was up 10X across the board. So anybody could go viral. Engagement was going crazy. So that was a wave to ride. There really is no wave. You could consider gold and silver a wave, but that's not a wave that anybody can ride. Go look at your favorite crypto influencer. They're putting out gold and silver tweets getting 20 likes because they completely missed the boat. And the algorithm says this is just some grifter over here trying to get a trying to catch a wave. That's not a easy way to surf. We've been surfing the wave since since weeks before, weeks before Christmas. We've been going full till coverage. I mean, we've done a couple other things too, but you know, we've been talking about metals for ages. Ask anybody on stage years ago. I mean, you can talk about rock. We go way back Rock and I go way back Jersey. Oh, hell yeah. Oh, I don't know about that. Way back in Jersey, Yeah, But yeah. When you lived in Jersey, I'd come visit you. Yeah. Way back in Jersey. We was buying, you know, we was buying hot dogs and fucking on the boardwalk. We was buying. Yeah, we was buying hot dogs and walking on the boardwalk, you know, out in Jersey with Pauly D, you know, talking about silver. But you can ask anybody, guys. We've been talking about it for, for ages. So, you know, that's why the algorithm is respecting what we're doing, because we, we correctly identified a great moment. We correctly identified a great moment. That was a wave too, but you had to get on extremely early. But now it's beyond that. It's bigger than that. You know, that's why this is, you know, people, people won't see what you're doing until until the results are there. They'll question everything until the results are there. But you know, you're seeing it now. I mean this, the app is changing and and the people who have really invested in the app, I'm talking really put the time in, are going to see crazy dividends. I mean, we're already seeing it. I mean, the DMS right now, we've been at Shibo Shield and myself have been asked to go on to CNBC, Fox News, Fox Business, OK.
Speaker 5: Are you going to?
Speaker 4: Do it. Oh, I mean look, it's get the fucking get the shoe shine. Let's get the shoe shine. Let's go get the soup. Let's press out the suit. I mean, after all those cookies from Rock and MJI might need to get this thing let out a little bit. I'm not going to lie, this thing was pretty tight. I might need to get this.
Speaker 3: I.
Speaker 4: Doubt it bro. You, you're in shape bro, you're good. I mean, listen, this is people. People consider this community a expert source of coverage and just a sentiment, you know, and listen, we're going to bring in additional experts so that you can at least you're going to have some ideas. At least you're going to have multiple, you know, opinions up here. So you're getting fed from, from, you know, multiple sources, right? You have people like Peter Schiff and people like Mike Alfred, right? 2 completely different points of view, but they can come up here, go back-to-back and you can listen and make your own conclusion. That's really what you want to be doing on X. You want to be listening to a bunch of opinions, OK, You want to do your own research and then come to a conclusion. If you have more data, you can come to a better conclusion.
Speaker 5: Oh my gosh, that's literally what I was just sitting here thinking about that. That's the real win right there, right? Is I've never really been on the side of I guess what do you want to call it? We'll just say conspiracy theorists like I'm, I just haven't really dug really deep and being involved in this more and more. What I realize is, like you said, it's not it's a conspiracy until it's not a conspiracy theory, right? Because it all comes true. And what that boils down to is trusting your own opinion. You're, you know, make your own opinion and gather all the information that you can to create your own opinion and then do the research to prove yourself right or wrong. And that's how you, you know, that's how you become more wise is going with your own opinion, even if it's against the majority, and then doing the research to prove yourself right or wrong.
Speaker 4: Yo guys, it's, it's really, it's really simple. It's really simple. You know, time put in is going to yield for the time correctly put in is going to yield positive long term results. OK, by by doing more research and spending more time and really going into the weeds, you, you can become a self-taught expert. This is why you need more data. If you if you've only seen the weather for two days, it's going to be hard for you to predict weeks. But if you have a week of weather, you might, you know, if it's been warm the whole time, it's not going to snow the next day. So you have more data. So it's just like anything in life. If you're trying to figure out what's going on with the with the monetary system or gold, silver, crypto, you need more data, you need more time spent. And and this is coming from someone that has been doing this crypto thing, CT thing, Twitter thing been doing this every day for just over 4, almost four years, 3 1/2 years been doing this daily X spaces have been three years. So 3 1/2 years of building just an account, 3 1/2 three years of spaces and look what can happen. You know, use this account. Use this account as just an example of of what could be achieved. Doesn't mean you need to do with this account. Did this is just one example, but you know, I don't hide what I don't hide how you know the process or how it was how you know we were got how we got here, you know, give out the blueprint for free so that you can be successful as well. And you can have your own, you know, moments of success, whether it's investing or your own show or podcasts or content, whatever, because X is an incredible app, you know, pays a lot of money if you are smart with that, right? X monetization is great. Subscriptions are great. You know, brand deals exist. I mean, this is really, it's the, it's the pinnacle of social media. It really is.
Speaker 5: The building in public is definitely the way bark and I, I personally don't understand the take of people that are like, oh, well, you've got to like build in private. You've got to like keep things to yourself. I I've never really understood that to be honest.
Speaker 4: Yeah, no, you don't need to. No, that's why, because y'all are digital natives. So that's why it doesn't make sense because it used to be an arms race of administration and that's like totally out the window and it honestly obsoleted a long time ago for anyone other than like the mega mega elite established in my humble opinion, just as a my my crazy perspective. Yeah damn. Bitcoin is getting flooded to hell, man. Bitcoin is getting flooded, man. This Epstein shit, dude. And the fact that no one's getting charged just tells me immediate distraction. All the stuff that you need to know. I mean all again, all this stuff is already known. It was just confirmed. But all the stuff that you would really need to know is not released. I, I don't even think as they said, there's 14 terabytes of fucking videos. 14 terabytes. This is in 2012.
Speaker 6: This is just.
Speaker 4: A trailer bark like there will be a lot crazier stuff that was still redacted that will be released. No, no, no, no, there's there's some shit in the no bro, they're done all right. They just said they're closing it. Yeah, Yeah, yeah, yeah. That's what.
Speaker 5: That's the next.
Speaker 4: Largest liquidation inventory. Yeah. You know, I feel like there's some still. They need to deal $15 trillion again, and then they'll boot it back up. I mean, yo, dude, OK, this guy's gone. I mean, he ain't dead. He's in Valhalla with Charlie Kirk. But, you know, he's not dead. This guy ain't dead. He's not, he's not dead, guys. He's not. No, he's not dead. Yo, you can go on, 4 Chan. You can see exactly what I'm talking about. Before he even died. Some guy's like, yo, he got carried out. He's talking to the nurse, you know, 45 minutes later, they reported him dead. He's like, this guy was wide awake, unmarked car, like, yeah, walked right. He's like, walked right. Talked right to the nurse, walked right into the car. Yeah, but he's in Valhalla, you know, he's in Valhalla, but, you know, doing the same old thing, you know, Diddy might be there for all we know. They could have got a double with Diddy, you know, and they're in Valhalla so you know, it is all bets.
Speaker 3: Are off, you know I don't trust.
Speaker 4: Anything anymore, you know, OK, but when they need to get, when they need to do, when they need more money, they'll just do it again. That's exact because nobody's being prosecuted. So it's again, you know, people are going to hate this guy. You know, it's the perfect, it's actually the perfect setup, which makes me realize, you know exactly why they've done it. Or we can, we can at least speculate why they've done it, right? They've they've released it at a very important time, but the, the, the main character who's who is the most hated character is quote UN quote dead. So people are unleashing anger and frustration on someone that is not even around. It's the perfect bro. It's so great. It's such an amazing, it's such an amazing plan. The plan is incredible. Now it'd be even better if the plan never got out. But obviously people, people started talking. That's why it's even out, but it's a bit, but you know, it's very effective. It's all very effective. And if you know so, but but if you want to understand why Federal Reserve banking and why they're lending out incredible money and printing incredible money, if you want to know how they're doing this and who is benefiting from it, you just read the files. They just put them out. I'm telling you, literally these people that are in these files are the people that are creating this crisis, this financial crisis because of because of compromising blackmail on them, threat of blackmail. And the fact that they're deep into releasing means that whoever's still in there, they got the biggest thumbtack on them. Like, look at what they're doing right now to George Bush senior, you know, did you see about that his his little story, you know, what they were doing on that yacht? Yeah. I mean, that's that's the kind of stuff that you're going to go that doesn't even sound, that doesn't sound real. But it's happening. It's happening this very second all over the world. Vampires, bro, vampire, you know, but I don't want to get too deep into it. I'm just saying that. Holy moly guys. I just want to say that you know, it is really, it is really important that you understand it because it is going to completely reverse your view on the financial system and you need to escape the financial system. You, the monetary system is the US dollar structure of the US dollar, the system, the taxes, the the net, the trap. You got to get out of that. You have to get out of that ASAP.
Speaker 5: But you have to definitely find a balance of not letting like something like this, like make you think that you're helpless and that you can't like make it out and that you can't use the levers in the systems that are, you know, when something like this happens and they come out and they say, oh, yeah, there's not going to be any charges. There's not going to be any accountability. And things like people just like, think, oh, Yep, well, that's it, right? But don't let it distract you. Stay focused and keep the ship going in the right direction.
Speaker 4: Yeah, the ship's not going in the right direction, buddy. I mean, you can just. I don't know what you're smoking, whatever weather's smoking.
Speaker 5: Well, I just think that like.
Speaker 3: Yeah.
Speaker 4: What?
Speaker 5: What ends up happening is people think that because of something like larger than them of influence means that they have no powers. And then they don't like try and then they don't like do the things that they need to do in order to better themselves and to continue on forward. And in reality, like that's not the the case. You've got to keep working and you've got to keep pushing to make things great and to make things better. And in all things, there is balance.
Speaker 4: Yeah, but tall they, but tall, they don't care, bro. They're not, they're not trying to make things better, man. You got to understand, they are not, bro. They got the thumb screw and the and these files getting released, right? These files are just. So the reason that these are so effective is because there's actually some pretty damning stuff in there, which means that the stuff that's redacted is still being used as active blackmail. And that is what should that is what should concern you. Because if you know that half of it is still redacted and you also know that there's people that's in there for sure that they were not in these files already, maybe some names, but nothing in damning. There's also emails of people on these people saying crazy stuff, like the craziest stuff and their names are blacked out. People saying like, Hey, I can't wait to eat and eat something, you know, eat a fucking can't wait to eat a person, you know, and the name is blacked out, you know, and they're probably taking that and calling up people that are blacked out saying, Hey, one more little you don't vote yes on this bill or you don't do this. That shit's going out. You could just have it. The you say, hey, listen, we can do this the easy way or the hard way. You're going to do exactly what we tell you to do and nothing bad happens. You're going to live your life. You're going to make a cushy salary. You know, you're going to get to have that boat, that car, and all you got to do is just sell, sell your soul. Never give in, fam. Never give in. There's a wave of, of warriors awakening of spiritual warriors awakening in, in this world at the moment. There's a wave that is awakening and the force is definitely growing, but the opposing force is monumentous and is not to be underestimated. In fact, you you likely are under estimating how powerful and how deep the opposing force truly goes. Whatever you can, whatever you could possibly imagine, you need to multiply it because that is just there is stuff that is so beyond even my own understanding, right? I'm only I'm getting access to what I can see and hear, but there's stuff that has been destroyed that will never come out and everyone involved is gone. You understand, like everyone that saw it, everyone that heard about it, they're all, they've all disappeared or UN alive, you know. So it's like that's it's, it's some, some serious stuff, guys. But again, This is why, you know, why should you not have your money in the US dollar? It's because of this, this phenomenon in this observation, it's beyond logic and charts and technical charting. It's beyond all of that. It's like far beyond that. Gold, silver's at 82 at the moment. Gold is at 4200, seven, 120. So it's still good. It's still looking good. Shanghai is doing well. You know, it was up to a 60% premium for a moment, you know, but futures are looking, futures are looking good. I mean, look, it's after a liquidation that we, you know, of the scale that we saw. There's going to be some, some wounds to lick. You know, there's going to be some moments of caution. People are concerned. Oh my gosh, it went down 50 percent, 35%, you know, is that going to happen again? Is it going to keep going? Is that normal? You know, so they're just, they're just, you know, they're hesitant. But like anything in life, the if we get a if, if, if silver and gold catch a nice bid this week and we see a up a reclaim of $100 and, and confirmation that it's a breakthrough and gold above 5000. If we get those confirmations again, then I think we'll start to see a another wave. And I do believe that a lot of the price action is due to suppression. I think a lot of manipulation, I know a lot of manipulation is going down. You know, it's just, we just don't want to say who's doing it, but everybody knows, everybody sees what's going on. You guys know what I'm talking about?
Speaker 6: Absolutely.
Speaker 4: Yeah, So we're at this point, we're at this point now where, you know, these $105,000 levels are critical. It's critical for confidence, critical for for investors to see. So, yeah, I think those are the numbers to watch this week. Those are the assets to watch this week. Also Bitcoin, another great asset to watch this week. I'm watching for Bitcoin under 70K. Bitcoin under 70K is is like yo, let's you know, let's accumulate, you know, let's accumulate. Get your hands on some Bitcoin. Thanks, Al Get your hands on your favorite stuff. You know, I think silver and gold now is good as well. You know, we got confirmation that you know, a long long on silver and gold might not be a bad idea right now, you know, but you don't even have to long it Forget that. Don't forget the instruments. Just go in and get some physical silver. 80 bucks. OK? Go get a coin. Go get a couple. Whatever, man. You missed the first round. You saw what it could do. You know the direction, You see the F scene list? You know what the hell is going on? Here comes Basto right at the end of the party. What up, Basto? Hey, just listening to you here. Thought I'd join in. You're speaking my language again. What's up, man? What's up? Yo, have you, have you, have you heard today's space? Well, I've been listening for a while. Yeah. FC.
Speaker 3: And no.
Speaker 4: No, we had we had Schiff and Mike Alfred up here going. Oh, whoa, no, I missed that. Bummer. Yeah, we had Peter Schiff and Mike Alfred going back and forth about Bitcoin and and gold. They were getting really into it, just like the guys. I mean, we're talking about a rock here, you know, a virtual rock and a real rock. That sounds like a lot. I've never seen more passion. Yeah. I was here the other day when Mike Alfred was just cooking. Yeah, but to have both of them up, that would have been good. Yeah, it was good, man. Hey, man, you see what's going on, Dude, these spaces are, you know, things are getting out of control. People are, people are coming to these spaces during moments of financial chaos to get clarity, right. So if something's going down, we break it down here. And that's where they, that's why they come here. But there's been a lot of that going on. So that's why people are keep coming back. Well, you're doing a great job and you've got a nice, let's say, balanced approach. You're warning people, but you're also saying there's a lot of opportunity and you got to up your skill set and your network and the tools that you use, all that stuff, right? You use these times to build and learn because experience and knowledge, you know, you, you pay for it one way or the other. The way I see it, and a lot of times it's just some experience, you know, if you're not actively in the market sometimes getting a little chopped up, that's how you learn. You know, like I've made a lot of mistakes. Fortunately, there's people that have made the mistakes and are willing to share their experiences and I try and learn from them. But you know, I'm one of those guys that sometimes I got to just put my hand on the stove to realize it's hot. I guess the the the stove is hot guys for for being on financial Twitter at the moment the stove is hot, the popcorn is going to start popping. OK, Capiche, it's time to focus up. It's time to lock in. And whether you plan on being a creator or a listener or just an investor, it's time to get your ducks in a row because messing up these next two years may be the difference between you potentially never getting out. I don't think you have much time left. A lot of these low hanging fruit jobs and odd end jobs are getting eliminated. Everyday I see some new AI software that can edit a video in two seconds with captions and animations. I'm also seeing AI art. I mean, AI art has gotten just unreal. AI videos have gotten unreal. So you're seeing jobs get eliminated. And and that's what I mean by, you know, you don't have much time left. A lot of these low hanging fruit. I mean, there's always been this case of where if things got tough, you could go get a job at McDonald's. If things got tough, you could go drive for Uber Eats. But we know that within a very short period of time, those jobs are going to be gone or will be the lowest paid in society. Like it'll be just ridiculous peanuts. It already is peanuts, you know? So yeah, I mean, those jobs are going away. So your ability to go grind it out on Uber and make 1000 bucks in a, in a in like a two weeks or something while doing spaces and investing and taking that 2000 into silver, like those days might be gone. So your ability to pick up some Bitcoin or some silver or some gold, whatever, whatever you're into, those easy opportunities for those starting at the bottom are, are disappearing. So I, I would encourage you to go till full till and figure this out and don't fuck it up trading memes and chasing. That's another thing that we saw some from Alfred like don't chase. You know, you don't need to be chasing. You need to be getting into the right things, going nice and nice and heavy and letting time do its thing. If you chase, you're going to get beat. You're going to get beat by some by an Indian kid on 2 Adderalls. I'm telling you, if you're not, if you're not an Indian kid on 2 Adderalls, like you're not going to, you're not going to out meme coin trade that that person. You know, if you're not, I'm serious guys, if you're not tweaking in LA and the vape, you know vaping around you know how funny vape the vape cobalt ended up proving everybody for all the accusations true. You know that was the funniest part about that one. Every single every single person that claimed to be hyper innocent and these heroes ended up being the anything, the complete opposite. And they've abandoned their community and they've abandoned every project that they once stood behind. They've abandoned everything, including their own morals. And that's that's where you know, I don't have to like you. I'm not really into the like, do we like this person? Do we like not like this person? Do I respect these people? And the answer is no, no, I do not respect a quitter. I respect someone that went down fighting, but I do not respect a quitter. So and we and you know, you can call us whatever you want, but you cannot call us a quitter. We're here everyday, rain or shine, putting on these shows, talking about finance and getting ready to take over. Do I say take over the world? Is that too? Wait, no, that's too far, right?
Speaker 5: No, we going to take.
Speaker 4: We can't take over the world, right? We can't. Oh, we can't.
Speaker 5: As long as we don't need babies on the way, we're getting.
Speaker 4: Confirmation from the those little dog space team that we're going to be taking over the world, guys, it's been a great show. Gold versus Bitcoin, The Great reset. Holy moly, Peter. Chef Mike Alfred Gold and silver futures opening. It's Sunday. We've got a great week coming up. cryptospaces.net pinned up to the top 21st of the spaces. You can TuneIn with us. Love you, appreciate you. Have a great night. Make sure you follow on the stage, jump in, network. Don't be scared. We don't buy it. Maybe we do, I don't know.
Speaker 5: The.
Speaker 2: The. The.
Speaker 5: The.