The Ben and Emil Show - BAES 122: How Ben Lost $400,000 in a day
Episode Date: October 16, 2025So how does it feel to lose $400,000 in a single day? Haha I'm glad you asked. Well, in this episode Ben gets CANDID and discusses a few trades that really turned on him. Plus, Trump's turning up the ...heat with China and someone with insider information made $200 million shorting bitcoin. OUR NEW CREDIT CARD SITE IS LIVE!!! Go get that BILT card baby! https://thecreditcardlist.com Give this video a thumbs up if you enjoyed it! And please leave us a comment! It helps us! ***Ben's new movies and tv podcast with Dillon is OUT NOW! GO WATCH the latest episode on TRON and ROOFMAN here: https://youtu.be/jhwE7JWJvPc?si=OaWuAMv_MqyMh5N- **CHECK OUT EMIL'S LIVESTREAMS HERE: https://www.youtube.com/emilderosa Support us and get bonus content, ad-free versions and more plus your first 7 days free at https://benandemilshow.com __ SOME OTHER VIDEOS YOU MAY ENJOY: That's Cringe of Cody Ko: https://youtu.be/dTbEk0pVh2w Our AUSTIN VIDEO: https://youtu.be/yGSs56bFzRU Our episode with Kyla Scanlon: https://youtu.be/cIHWkY35cuc Big Tech is out of ideas (ft. ED ZITRON): https://youtu.be/zBvVGHZBpMw Arguing with a millionaire (ft. Chris Camillo): https://youtu.be/1ZUWTkWV_MM We bought suits HERE: https://youtu.be/_cM1XqA9n2U ***LINK TO OUR DISCORD: https://discord.gg/CjujBt8g ***Subscribe to Emil's Substack: https://substack.com/@emilderosa ***Trade with Ben at https://tradertreehouse.com __ MOOMOO: Click this link https://start.moomoo.com/BAES to get up to $1,000 in free stock when you make a qualified deposit. Terms and Conditions apply. Securities are offered through Moomoo Financial Inc. (MFI), Member FINRA/SIPC. The creator is a paid influencer and is not affiliated with MFI and their experiences may not be representative of other moomoo users. Investing is risky. See full disclosures at https://invest.us.moomoo.com/_disclosure CASHAPP: Download Cash App Today: https://capl.onelink.me/vFut/zd0taway #cashapppod. Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. See terms and conditions at https://cash.app/legal/us/en-us/card-agreement. Direct Deposit, Overdraft Coverage and Discounts provided by Cash App, a Block, Inc. brand. Visit http://cash.app/legal/podcast for full disclosures. __ Follow us on instagram! @ benandemilshow @ bencahn @ emilderosa Learn more about your ad choices. Visit podcastchoices.com/adchoices
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i'm going to share some things that emil doesn't yet know about because uh don't worry
is it that you joined in an old-timey baseball league i am getting squeezed like a wet bar of soap uh the
market reacted and absolutely shit the bed i mean poop everywhere poop all over their butts
poop all over the sheets yelling at your partner did you poop in the bed everything that i was
short squeezing. Everything that I had sold up 30%, 50%.
Quantum stocks that are the bane of my existence. What's driving me insane...
Yeah, you've been pissed about Raghetti for a long time. They sold two computers.
That's a lot. They sold two computers. How many computers did you sell this year? None.
Okay. So maybe get off Raghetti's back. One of the only things that's been keeping me going is like,
at least I'm not one of these guys who lost everything in crypto.
At least I'm not one of these guys who lost everything in crypto.
I would never short an Italian name.
That's on you.
I'm working out of time with me tell me what's going on.
Tell me what's going on.
The worst part is this wasn't even, I didn't even come here for this type of bag,
but I got sidetracked.
He's buying another bag.
I'm not going to buy it.
I just wanted to know what's out there.
Me, I use paper bags from the damn grocery store.
Which is honestly probably why it's so, my brain won't accept it.
Because I, like, I don't know, it's some kind of OCD thing.
I love when things are away.
I love having a bag for the, the perfect bag for the situation.
Yeah.
And I just, I just always get, I get it in my head like, what if I don't have the perfect bag for this situation?
and then all of a sudden
I'm off to I'm on
I'm on the many bagger
Reddit being like
Many bagger Reddit
Oh come on man
You've never popped into many bagger
There's more than one of you
There's an entire community of people like you
Who just love bags
Honestly it's the only place I feel at home
Is the many bagger community
Many or mini
Oh no many many
Many bags
Many bags
Many bagger
Many baggers
For people that like bags
Oh, my God.
Look at this thing.
Wow.
All right, all right.
Well, we need to save this for the bonus or something.
I'll tell you about my bag problems and the bonus.
All right, folks.
Before we get into it, just a reminder that the credit card list is live.
And you can go there.
And that second one, the built master card, you should get that because man oh man, do I love that dang card.
Do you?
Well, no.
Yeah, you're in a different situation than me.
but man i i i pay my rent every single month with that card and they send a check on my behalf
and i'm really ticked off that i didn't do it sooner and don't make the same mistake i did
plus yeah they got everything on there we got the chase sapphire cards the chase
uh american express cards knock yourself out and if you have poor credit or no credit
there's the under more categories you click credit builder and then there's a bunch of
Wow, the Magnum.
Which I can speak to.
The Magnum card?
No, no, just the credit.
I mean, I'm not joking because we were looking into stuff.
I looked up my, my credit was, the number is like, I can't believe it even goes that low.
Was it like 300?
Mm-hmm.
And I literally had to do, I had to do secure credit cards and all that stuff.
And secure basically means that you, I think you front the money.
money from them because you basically send them whatever. I think the first one I did was like
500 bucks. And I had to be like, here's $500 so you know that I'm good for it. And then it's
basically like a pretend credit card. And then after a while, you can get a real one. Yeah, because
they're basically, yeah, yeah, it's a, that's why they call it secured because the money is
secured. It's basically a glorified debit card. It's right. It's not really a credit card. But if you
need to build your credit like I did. Yeah. So anyway. I mean, totally worth doing. Because
now I can I can get any credit card I yeah me too my credit score is like 800 and something I know
I just mine mine was uh eight oh my man oh dude I like literally can't believe I he literally can't
believe I it's one of those this is the perfect recommendation for anybody who's ever been in
that situation where it felt insurmountable and I remember even when I got the secured credit card
being like why even bother I'm so screwed yeah
Like, it doesn't matter.
I should just quit.
Because you famously, like, weren't paying your student loans or your credit card debt.
Well, I was also broke.
I just had no money.
You know, I would go to, uh, I would go to the doctor and then get a big bill.
And you'd be like, what do you want me to do with that?
I'm just going to, just going to ignore it.
Like, I don't have any money.
Um, and so it's just all snowballs.
And then, yeah, you get into this defeatist attitude where you're like, well,
screw it i'm not gonna it's all it's all screwed anyway and then i was like let's just try got the
secured credit card you start calling creditors and being like look let's just work out a deal let's
wipe this thing off huh what you say i know it says 700 would you take two yeah uh and it feels
pointless but then all the sudden years later you're like wow glad i did that i can get a
chase sapphire reserve card yeah and now i have folks
half a million points
I just fly for free
I got too many points
that I even know what to
I now have like
250,000 built points
those things are awesome
yeah they're just as good as
oh yeah they have a lot of travel partners
now they have a ton of partners
you can transfer them pretty much anywhere so
yeah I mean if you're paying your rent
via a check or just online
I mean that's gonna give it a shot
no annual fee
just your rent alone is going to net you
I mean depending on how much you pay
thousand points. Tens of thousands of points.
Well, no, it's one for one. But still, you're getting
a few. Yeah, but throughout a year? Oh, throughout a year.
Yeah, yeah, yeah. Tens of thousands of points.
Well,
this episode's
going to be interesting. I'm going to
share some things that Emil
doesn't yet know about because
don't worry.
Is it that you joined in an old-timey baseball league?
Oh, man. I've been watching this guy
on TikTok who dresses like an old-timey baseball player
and swings like one too. And he's just got that
like low effort looking kind of swing you don't even bother trying to find him you've seen the
conan o'brien old time baseball league clip right yes from a long and he's just if you haven't he's
obviously i implore you to go watch he's making fun of them the whole time oh it's yeah it's so
funny yeah that i remember that i remember that when that came out when that first aired now we're
going to be talking about um what it's like to lose a lot of money in um in the stock
market like I recently have.
And one of many who...
Oh yeah, one of the only things that's been keeping me going is like,
at least I'm not one of these guys who lost everything in crypto.
At least I'm not one of these guys who lost everything in crypto.
No, but arguably mine is worse because it's me happening to not...
Whenever stuff happens to you, it's bad.
Yeah.
But when it happens to other people, it's like suck it up.
It's like, look, I get it.
At least it's not me.
Well, I guess, oh, man, I totally forgot about my, I have my swap disaster up there.
That's going to break your heart because that's just the stupidest thing ever.
And I tried to just kind of forget about it.
And I guess I successfully have.
Is this all related to the kind of crypto meltdown and the Trump?
Yeah.
Yeah, okay.
So why don't we start from the top?
Because you should give the context of.
Yeah.
So.
What actually happened here?
On Friday, this last Friday, Donald J. Trump, president of the United States, came out and tweeted a long, a long stupid thing saying, let's see if we can pull up the actual tweet. I'm sure it's in this daily upside.
It was two tweets because it was first, it was first that he was warning that China wasn't cooperating.
and I'm sure any listener of this show will know that
there's been a long saga of Trump and his tariffs
and I mean there's been so much going on
that people have basically just forgotten
that we actually don't have real trade deals hammered out
it's this weird
mess, tangled web of
oral agreements that
foreign leaders are making with Donald
Trump.
Yeah.
And now they're kind of, China's, one of the trade reps has been tweeting, like, we don't need
the United States.
The world is a pretty big place.
And the longer this goes on.
I think it's very true.
I mean, I saw J.D. Vance talking about how, you know, if China wants to play this game,
like, I don't think they know the leverage that the U.S. has.
It's like, my guy, I, you're either stupid or just lying.
I mean, it's a 5,000-year-old country full of Chinese people.
But they've also, it just seems so apparent that they're playing this long game where, you know, Trump thinks in, and I honestly think America from a, for a, for, from a larger perspective, thinks in this like short-term gain way anyway.
China is thinking in centuries.
I mean, they've, they've diversified.
Their plans are measured in centuries.
They've diversified supply chains and all that kind of thing.
they are not as reliant as on us as we are on them.
And I think we're really going to see that play out.
Well, that's one of the things that we're starting to see, too, is all these,
there's been a ton of precious metal, rare earth stocks that have just gone vertical
because now finally the U.S. is going, oh, we're way too reliant on Chinese mining stuff,
which is funny because, yeah, I mean, it's going to take a long,
time to get these things up and running and start actually pulling these things from the
ground. But either way. It's too little too late. That entire sector. Instead of building out
our own, spending the money, investing in it, it's, well, let's just do the cheapest way
possible. It doesn't matter. It doesn't matter if we're exposed in other ways. But oh my God,
you know, read this for us? This is it. Some very strange things are happening in China.
They're becoming very hostile and sending letters to countries throughout the world. They want to
impose export controls on each and every element of production.
Basically, all you got to know is, I mean, it's too long to read.
Donald Trump tweeted a couple times on Friday, and it absolutely tanked the market.
The market was just kind of fuzzling along, barely unchanged, barely up on the day.
And it ended down like 2.3% or something.
But everything was cool because we had these handshake deals of, okay, and, you know,
we all remember the taco thing.
It's like, all right.
Trump always chickens out.
Trump always chickens out.
Just forget about it.
He's made these deals
and they seem to be holding for now.
But because he hasn't said anything like this in a while,
the market was kind of complacent.
And so when he dropped this on Friday,
this veritable banger of a tweet,
the market reacted and absolutely shit the bed.
I mean, poop everywhere.
Poop all over their butts.
Poop all over the sheets.
Yelling at your partner,
did you poop in the bed?
He's talking about the rare earth.
that they want to impose export controls on each and every element of production having to do with rare earths
and virtually anything else they can think of, even if it's not manufactured in China.
Nobody's ever seen anything like this, but essentially it would clog the markets and make life difficult for virtually every country in the world, especially for China.
We've been contacted by other countries who are extremely angry at this great trade hostility, which came out of nowhere.
Our relationship with China over the past six months has been a very good one.
It's very funny to say it's been a very good one.
I mean, this guy who just taunts people.
Yeah, his whole thing is, fuck China.
China's my friend.
And then fuck China.
But China's my friend.
Fuck it.
We're doing 200% tariffs.
Fuck it, 300% tariffs.
And being like, look, we had a very good relationship.
I like President Xi.
Xi Jinping is a fucking cock sucker.
Fuck you, Xi Jinping.
Wait till my insult rap comes out.
I like Xi Jinping.
He's a good guy.
He's my friend.
Fuck Xi Jinping. It's just impossible to keep up with.
They're by making this move on trade an even more surprising one. Is it? You've completely
shaken up everything and confused every country in the world.
Dude, that's 5D chess checkers. Yeah, I guess. He's playing checkers on a chess board while
playing chess. You absolute dunce. So their relationship has been very good over the past six
months, but he says, I've always felt they've been lying in wait. And now, as usual, I've
been proven right. There's no way that China should be allowed to hold the world captive. But
That seems to have been their plan for quite some time.
Starting with magnets and other elements that they have...
Magnets in the quotes.
And they have quietly amassed into somewhat of a monopoly position, a rather sinister and hostile...
Yeah, only we're allowed to do that.
I know. That's what's so funny.
You know, they've allowed this to happen.
And now they're like, hey, you guys are using this against this.
He goes on to say, but the U.S. has monopoly positions also much stronger and more far-reaching than China's.
I have just not chosen to use them.
There was never a reason for me to do so until now.
The letter they sent as many pages long and details with great specificity each and every element that they want to withhold from other nations.
Things that were routine are no longer routine at all.
Anyway, the market shits the bad, right?
And just before the market tanked, someone opened an account on a crypto trading platform called Hyper Liquid,
which is a new, newer, new-ish trading platform that gives people 50x leverage.
Yeah, but it's all on chain, so it's cool.
Hey, everybody, we want to take a quick break to talk a little bit about Moomu.
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And it's not just mine, because over 27 million people are already on Moomu.
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Just the way I always pictured it should be.
Once you try it, you might never want to pay extra or settle for mediocre tools again.
And what am I talking about?
Well, Moomu gives you $0 commissions on U.S. stocks, ETFs, and options.
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Not only that, but they give you all the news and other tools that I can't.
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It's all on chain.
So it is cool.
It is cool.
And I think, by the way, Coinbase just announced a few, like in September that they were also offering traders.
The CEO was like, we heard you.
We're going to offer up to 11 times leverage.
Have fun.
Basically, imagine.
Can I get that in a smart contract?
Yeah, of course.
It's all unchanged, like you said.
Imagine having a credit card where you've got, imagine applying for a credit card when
you've got like, I don't know, $5,000 in your checking account in American Express goes,
you've got $5,000, huh?
How does a million dollars?
and credit sound. Sound good? And then, so that's basically what leverage. It's a poor way of
explaining what leverage is, but it's just a bunch of, giving people a bunch of money that they
don't have. If things go wrong, if you borrowed a million dollars against $10,000 and your position
starts to go down, the trading platform is going to be quickly on the hook if it goes negative.
so that's basically what happened is uh is when the when the market started to drop bitcoin freaked
out but like i was saying someone on hyperliquid deposited open an account deposited i
believe it was 80 million dollars uh and then shorted or bet against uh bitcoin and uh yeah
it's very strange those positions were opened in very susways it's uh
I believe it's the day before
they had
and massive amounts here,
$80 million short against Bitcoin,
then later,
hours later,
$30 million short against Eath.
And then hours later,
Trump posts his truth
about calculating higher tariffs.
Yeah.
And then the market's dropping
and they're still not executing the shorts.
They're waiting
until there's another Trump
truth when he says I'm applying 100%. I'm considering 100% tariffs on China. And then
they just start executing. Bitcoin dropped from $124,000 to about $105,000 per Bitcoin. And that
trader netted over $200 million. And then they promptly closed the account and was nowhere
to be seen after that. But the real crisis was that a bunch of
of alt coins. So basically everything other than Bitcoin and Ethereum, all these little alternate
coins, they dropped like some of them 99% like to near zero. There was one, I think one Adam
Adam A-T-O-M dropped from several dollars to like 0.001. Yeah, this was the big, the real big issue.
I mean, Bitcoin is basically fine. It took a big drop, but that's not that unusual for Bitcoin.
I mean, obviously that's a big swing.
But it's, I mean, and now it's back up at whatever it is, 112.
Yeah.
But yeah, these small ones that basically run on hype and leverage and have just been
absolutely wiped out.
I saw Fartcoin took a big old shit, unfortunately.
Fartcoin trusted the fart too much and pooped itself, if you know what I'm saying.
But so they, here's what was confusing.
Some of the alt coins dropped like 90% to, or,
like 99% to near zero, but only on Binance, which is another platform. Elsewhere, they only dropped
like 40 to 50%. And the reasoning is that, yeah, there was a ton of leverage out there. A bunch of,
there were a lot of posts showing that there were people who had, how many, I think someone showed
the top 20 liquidated accounts on hyperliquid. The top one was like $20 million, poof gone.
next one was like 15 million poof gone 10 gone 5 5 like it was millions of people's entire
crypto accounts were wiped out and there were a lot of anecdotes of people on twitter saying like
i quit i'm not doing this anymore i lost all you know but it is important to know these are people
who were i mean they're probably 22 year old broccoli heads it's probably a lot of young guys
but anyone who got wiped out like this maybe i'm wrong
are people who were just outright gambling
just fully
leveraged to the tits
on absolute nonsense
I mean just
just bullshit coins
fart coin
just things that got
that are only driven up
by these hyper leveraged
and hyped up
you know
Reddit threads or wherever they're posting
all these things
these things
are backed by absolutely
nothing and these people are just gambling them up and up and up yeah uh hey if you're enjoying
the episode so far why not slap that fucking thumbs up i i need it uh i'll get to what i lost
in just a moment but um not as a result of this but other things but uh it's also very different
than these you know the traditional market too where you know there's no there's no things in
place to to stop this once these things start getting triggered everything is just uh i mean
just an algorithm, just lighting things up. Yeah. Well, and the problem is that with traditional markets,
there's liquidity there. There's a ton of liquidity. There's a ton of bids there to catch,
to absorb the cells. But in this case, there really wasn't a lot of, it fell so fast that it fell
below people's like stop limit orders. Like if you say, okay, automatically sell if it hits 110.
Well, if it hits 109 below your stop, it's just too fast and your order just doesn't even get filled.
partly because there's nobody there even bidding because everybody, it's just a liquidity vacuum.
Right.
There's just nothing there.
And there's not that much money.
I mean, you're talking about, like, they're collecting some fees on this and stuff.
They're not sitting on massive piles of money to backstop this stuff.
And you're talking, I mean, depending on, it's really hard to measure all this, but like,
you're talking about tens of billions of dollars just being wiped out.
It was the biggest liquidation in, like, crypto history.
I think the estimate is about a little over $19 billion
compared to like the FTX disaster
and oh shoot I'm forgetting the other one
there was another one from a few years ago
that other exchange that had their main coin drop like 95%
oh well but it was it the moon one or whatever it was
yeah Luna Luna thank you god damn
there's been I cannot believe how many of these
oh yeah so those only had a few billion
liquidated. So part of the issue was that Binance was auto selling a lot of these alt
coins to cover the losses because they were used as collateral and they were auto selling
them. So like if you're, hey, I'm leveraged to the tits and now I'm in the red, but I also
hold these alt coins. Binance was just stepping in and liquidating everybody's everything to
cover these things. Called auto de-leveraging. Auto-de-leveraging. Binance even froze. Robinhood
froze. Coinbase, I think, froze. And a lot of people, oh, yeah, here's some of those charts.
There's, oh, my God. Just falling off a cliff. My God. My God, Johnson.
Yeah, every time this happens, I bring it up that, like, they talk about Bitcoin and crypto as this,
like, look, dude, stock market's fake. You want to get your money into, like, crypto. It's digital
gold. These are, you know, this is your backstop. The better fake.
Right. It's the better fake. Look, that's fake. This is real.
Yeah, but it's fake, but more real.
Every time there's a blip in the market, in the stock market, the crypto market melts down.
Yeah.
And I cannot find a solid explanation for it. I'm sure some commenter. I mean, the best I can figure out is that, I don't know, if people are, if people are selling off and less liquid in the regular market, they're going to start liquidating crypto assets.
and that's going to trade that's what i recently had to do that's going to have cascading effects yeah i had
i sold my bitcoin today and my and half of my ethereum uh which i will get to but so real fast
oh wow maybe you are literally the uh the answer i was looking for kind of
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So there was a lot of speculation.
That's so ridiculous.
There was a lot of speculation.
that this was clearly
someone within the Trump family
or that it was Baron Trump
I personally
because through whatever
sloothing they're able to do
they say that they found the guy
who put on that short.
Yeah, he's tweeting right now.
Yeah, his at is
Garrett Bullish
looks like a
looks like a guy who lives in Hong Kong
because that's what his location says
and he
I mean, let's scroll down
a little bit. He basically
he called out the
exchanges for
like doxing him essentially
and he said that...
Well yeah, immediately on Reddit
and whatever threads and stuff
they're going, well, it's all on chain. We could just figure out
who this guy is.
Yeah.
He said we remain
bearish. The recent price rebound
was largely driven by excessive long leverage.
The 10th, the October 11th crash
wiped out most leveraged players
until exchanges established stabilization
funds to restore market confidence, a sustainable upturn is unlikely.
But he said, let's see, do-to-do-do-do-do.
He said he was doing it on on behalf of a client.
Yeah.
And his name?
Baron Trump.
His name?
No, I'm joking.
We don't have any evidence that it was Baron Trump, but I do kind of think.
I mean, dude, this kid, who was it?
Forbes?
someone there was an article out
it's obviously someone
close to the Trump administration
well because it's happened so many times
before on just the S&P
oh yeah
and his last tweet before all this
was RIP to
I know which is very funny
he hadn't tweeted since September 10th
when Charlie Kirk died
and then he got out it as this guy
but I'm not
they've went through
he was placing these short positions
literally up until the minute before
Trump fired
off the final truth.
Yeah.
I absolutely think it's...
Give me a fucking break.
Without it being that close,
there's a little bit of me that would be like,
okay, maybe this is coincidental.
But the fact that it's happened so many times before.
Oh, I know. I mean...
And there was the thing about...
I think it was fortune.
Baron Trump net worth.
Well, the...
Yeah, Forbes.
Forbes in the economic times.
Baron Trump's net worth hits 150.
million dollars. How the fuck does that happen? Well, he's about to get a board seat on
TikTok, so that might help. He's about to probably get a board seat on TikTok. This little
fucking cock-sucking piece of shit. Imagine this guy on the board. Any
ideas for what we should do? God, he's such a... You can tell he's just a little fucking
troll. I do feel bad for him, though. I don't at all. Fuck this little piece of shit. He's
self-aware. I used to feel bad. I was like, oh, he's autistic. No, he's evil autistic. I just think
There's no way, there's no way this guy just comes out with, how are you going to grow up and be a normal guy?
A normal guy who...
Sure, but I don't care about that.
You can be a, you can be a normal guy who's the son of a billionaire.
I've met a few.
Yeah, but Donald Trump.
True.
Your old-ass dad is Donald Trump.
Yeah, but also, so this greedy little...
The guy literally going on Air Force One just for the second time that we know of now, just like crying to the press, like,
I don't think I'm getting into heaven
I'd like to get up there but I can't like
What is happening?
Yeah
We just have a president who just like laments to the press
Like I don't think I'm making it's going to happen
I think I'm going to the other place
I think I'm going to the other place
I think are depressed president who just wants to get to heaven
Yeah
At the end of his life
Yeah I've helped a lot of people which could help
But I don't think it's good enough
But so everybody was saying that it was someone
In the Trump family
Or close to the Trump family
but now we know that it was this guy who runs a fund for wealthy clients and trades on behalf of them.
But that doesn't mean that it wasn't someone either in the Trump family or close to the Trump's period.
We have no idea who this guy's client is. I mean, he fully could be working for Barron Trump.
That's even if this is correct. I assume it is because the sleuths who are Bitcoin and blockchain savvy seem very, very confident.
and he's owning up to it.
I don't know why you would not deny that if that were the case.
Right.
And it doesn't matter, right?
I mean,
we've basically legalized insider trading.
And it's all,
it's all bullshit coins anyway.
Yeah,
who the fuck is going to go after the Trump's appointed SEC chair is going to go like,
hey.
Well,
they've already labeled them as not securities.
There's nothing to even do there.
Yeah, that's the other thing.
Great point.
That's the other thing is they are not technically,
They are not legally classified as securities, thereby making them not have to adhere to rules.
Also, just does not matter, even if they were.
I mean, the day after, whenever it was, one of his tariff meltdowns, he had all kinds of
titans of industry in the Oval Office being like, these guys made a lot of money.
Well, that's what's, so he tweeted that on Friday.
And then over the weekend, so he went, he did the classic thing.
fuck Xi Jinping all my all my homies hate
Xi Jinping jishin ping is the ops
but then over the weekend he was like I like him
I actually kind of like Xi Jinping
Chinese food is good you guys
don't worry about all that China tariff
stuff that's exactly what he said don't worry about it
and then the market of course started rallying
and then today as of this recording
two days ago for you guys today for us
he tweeted again
he said why won't China buy soybeans
He said, there it is.
I believe that China purposely not buying our soybeans.
That doesn't even work.
I believe that China purposefully not buying our soybeans
and causing the difficulty for our soybean farmers
is an economically hostile act.
We are considering terminating business with China
having to do with cooking oil
and other elements of trade as retribution.
As an example, we can easily produce cooking oil ourselves.
We don't need to purchase it from China.
Man, I've seen enough videos of Mr. Bao
on
TikTok to know
that cooking oil
is a big
fucking deal.
You seen this guy?
Who?
Mr.
Bao?
He makes
Brick sauce.
B-I-A-O.
Dund-D-L-D-D-D-D-D-D-D-D-D-D-D.
He's this guy in rural China
who, like,
shows you how to make
how he makes all sorts of
tasty Chinese things.
Look at this, look at this.
But it's the same song
every time.
Anywho.
So do you guys
Do you guys want to know how I lost a bunch of money twice? Two big times? Yeah. Two big times. So picture this. It's Friday. The market dropped. I was short a little bit, so I felt good. And I had some cash in my crypto account. And listen, don't hate on me. I've accumulated a good amount of crypto over the years. You know, a modest amount for a guy of my size and age.
What's a amount of that?
And race?
You know, a little over...
I'll just tell you how much I lost.
So I have this wallet.
It's a crypto wallet called Phantom.
And in that wallet, I have a bunch of cash sitting there in the form of U.S.D.C.,
which is...
It's like the dollar...
It's basically a stable coin.
It's, yeah.
And I saw that Ethereum was at like $3,800.
And it had just dropped.
from like 4,500.
This is it like...
Ethereum was at what?
$4,500 and dropped to like 38.
And I thought, okay, this is probably going to...
It's such a quick drop.
It's probably going to bounce back up, right?
So what you do on Phantom...
Dude, Ethereum is like...
You can't predict Ethereum.
It's...
You can predict anything.
I know, but Bitcoin does seem to bounce back.
Ethereum is like this ridiculous...
Well, I...
You don't...
don't necessarily, you can buy crypto directly with this wallet, but the way I've got it set up
is I swap. So it costs significantly less, usually. You just say, okay, I want to swap my
USDC for Ethereum. And I put in the amount, $17,000. And normally, when you're about, it gives
you the final, like, okay, here's how much you want to swap. Here's how much Ethereum you're
going to get. Here's the network fee that you're going to get charged.
normally the network fee is like maybe $100 tops and I wasn't paying attention to the network fee
and I just was like oh okay yeah cool looks good that's exactly how much I put in click swap
and then I look at my account the network fee and the in the total the total of my account
dropped by about $17,000 and I was like that's not normal huh but
But I seem to remember the similar thing having happened to me once or twice before where it just takes a minute for it to like process on the chain because there's a lot of shit going on right now.
It's probably going to take a minute.
I googled it.
Sure enough, that confirmed my question.
I'm supposed to be instant.
By the way, so that total amount was for like 4.4 Ethereum, right?
Yeah.
And then I check, I give it like 30 minutes and I check my thing and I look at the transaction history and there it is.
I'm like, there it is.
How come it's not showing,
how come $17,000 is now missing from my thing?
And I check the thing and there's the transaction.
And then I look at the network fee and I go,
what?
The network fee was 4.8th.
Meaning it's more...
It charged me more than the amount that I even wanted
just to transact because the network was so old.
overloaded that at that exact time, I must have put it in during peak, peak of peak.
Oh, yeah, I'm sure. Because congestion. There were headlines that was like basically every
crypto trader bought the dip. And so I'm sure everyone was trying to get a piece. Yes.
And sure enough, you can click and look at it on the chain, on the blockchain. And I scroll down and
I see it goes. And Heath has notoriously high gas fees or whatever. The gas fee was, the gas fee was actually
like two bucks or something it was the network fee that fucked me and sure enough i look on ether scan
which is the thing to look at it on the blockchain and it shows my total transaction amount zero
dollars total uh network fee 20 000 that's nice so that was nice that was how i went into my weekend
you you added a little bit to their liquidity fund so this doesn't happen again uh-huh and i was out
Uh, enjoying a nice sunny afternoon with, uh, with my dog and my neighbors and their dogs.
And I'm sitting there just going, fuck shit. And I'm like talking to the goddamn mother fucking
AI help agent on phantom. And I'm like, hello. How can I help you? And I'm like, okay, I just did a
transaction. Oh, you can stop being so cheerful. I just did a transaction. I explained it and it goes, yeah,
sorry about that. We don't set the network fee. The network does. And I said, is there anything that can be done
about this? Unfortunately, no.
And there's just
nothing that can be done. But it did come up, you just didn't
look at it, right? Before you executed it?
Yep, because then I did another one, like
15 minutes later, because
before I knew what had happened, I was like, well,
let me just do like a little test transaction.
And I bought
some, and it showed the network fee
and it was like fucking $20.
But then it jumped to like $2,000
for a minute. And then it came right
back down. So I was like, oh my God,
I must have done it at exactly.
The worst time. The worst fucking time. And let me tell you, folks, that didn't feel good. But it gets worse. It gets a lot worse.
A lot worse. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. So, as you guys might know, I do stock trading. And I've gotten pretty decent at it to the point where, you know, I make a good living doing it. And I, I, I, I, I, I, I, I, I, I, I, I, I, I,
almost hesitate talking about this because I know that some people are going to be like,
oh, fuck you. But listen, don't, please don't, because I'm sharing this.
You know, I was profitable last year and I paid my taxes and it was a lot in taxes because
I did a lot of profit. And this year, the way that it works with my trading is if I'm
profitable, I can take it out and just have it in my checking account and then do with
it as I please. Or I can roll it over. Or I can, yeah, roll it over and have it as like my
cushion because let's say I take out $100,000 and I've only got $20,000 left and then I
have a bad day. Boom, now I'm in the negative and now my risk manager is calling me and being
like, hey, you're in the red. You need to deposit more funds. So I like to have a
a pretty generous cushion
in there for the pushing
if you pardon the parlance
so I have been
stuck
short I am getting
squeezed like a wet bar of soap
my butthole right now is so
raw and red
and bleeding
from the bar of soap
from the from
no from the absolute
carnage that is being inflict
inflicted upon my anus.
I am currently short...
Is the cock the stock market?
Uh-huh.
Well, in particular, the fucking motherfucking
quantum stocks
that are the bane of my existence.
Yesterday,
just yesterday,
I incurred the largest
one-day drawdown
I have ever had.
Hey, well, no one's going to say
you weren't setting any records.
$400,000.
Yeah
Yeah
Yeah
No it was cool though
Because
Well think of Mr.
I ended I smoked
Three cigarettes yesterday
You know that
And I was so just like
Okay
About
Because
Going into the weekend
400 grand yesterday
Yes
Well hold on
Hold on
Hold on
It's not
I mean it sounds
bad but it is. It sounds horrible. But going into the weekend, I was like, hell yeah, I'm short
these stocks. And we're going into a fucking weekend where Donald Trump was like, fuck Xi Jinping.
So all of the air is going to come out of the market, including and especially all of these
super high risk speculative names, because that's what usually gets the rug pulled on it first.
And then sure enough, on Sunday, he was like, don't worry about it. Everything's fine. So,
So Sunday night, I'm looking at the futures market and everything's up.
And I'm like, oh, you got to be fucking kidding me.
Everything's, sure enough, yesterday.
Everything closed on Friday way down here and everything opened on Monday.
Way the fuck up here.
Everything that I was short, squeezing.
Everything that I had sold up 30%, 50%.
Everything that I wanted to buy on a dip up, fucking.
and you name it.
It was like,
I felt like I was in a simulation
and I was the main character
where it was just like
every fucking thing
that you have
is gonna go down
and every fucking thing
that you don't have
any more
is just gonna keep going up.
Type in,
uh,
type in B,
bloom energy stock.
Ah,
do you remember me talking about this stock on this show?
Yeah.
Do YTD.
Oof.
You're to date.
You see.
See that all the way over there where it was like $20 a share?
I had a lot of it.
Oh, well, that's good.
No, but then I sold it because now it's at $114 a share.
Type in RGTI stock.
This is one of the quantum put six months, 6M.
Can you guess where I started to short it?
Keep going, keep going to the right, keep going to the right, keep going to the right.
Keep going to the right.
Right about.
Right about.
Keep going a little bit more.
I shorted it at about like $30 a share.
And now it's at $56.
This is a company valued at $18 billion.
I would never short it in Italian name.
They don't have any fuck.
What's driving me insane...
Yeah, you've been pissed about Rigetti for a long time.
They sold two computers.
That's a lot.
They sold two computers.
How many computers did you?
sell this year. None. Okay. So maybe get off Regetti's back. Go back. I want to show you
another. So, so I'm short Raghetti. I'm also short I-O-N-Q. And what sucks is, oh, so here's one
that's got a $27 billion valuation. And they don't make, they don't do anything. They don't
make any fucking money. And yet, how many computers did they sell this year? I don't think any.
Well, maybe next year. And everybody's, they put.
out these goddamn cock-sucking stupid fucking press releases that are like, we made a huge
advancement today.
It's like week after week they're putting out press release after press release, which
if you know anything about quantum computing, which I don't and which nobody fucking
does.
Well, if you did, you know that two computers is pretty good.
That's a different company, brother.
This one is IonQ.
They put out these things.
They're going to start selling them.
There are some experts that I've seen talking about it.
And they're like, they make these like breakthroughs.
throughs all the time. It's basically just like, oh yeah, we had stability in our
qubit something or other. That's awesome. I'm happy for them. But it doesn't amount to a fucking
turd in a giant turd bucket. Don't listen to them on Q. I think it's great that you made
more qubits. And these companies are admittedly, they're like, yeah, we're still like five to
10 years away from any kind of commercial viability. Everybody knows this stuff, but because there's
so much momentum behind it, and because
so many trade groups, and you know
who's doing a lot of it? South Koreans.
No. There are
so many...
IONQ, quantum computing
achieves greater accuracy,
simulating complex chemical systems
to potentially slow climate change.
That's incredible. I might buy in.
Just the most bullshit. And people are
now suddenly quantum
computing experts, and they're just like,
I'm telling you, these guys are the future
of quantum computing.
They're going to fix climate change.
Meanwhile, you're pissed at them.
They have IONQ's CEO, IONQ's CEO said that NVIDIA GPUs will become irrelevant by 2027.
That's a year and a half away.
And yet, they are selling stock.
I think insiders, including the CEO, have sold over $400 million worth of stock.
So if you're going to upend fucking NVIDia in a year and a half, what the fuck are you doing selling shares?
What are you doing?
How come Nvidia's not absolutely fucking tanking on that, on that common fact?
It's because it's bullshit.
But it doesn't matter.
But anyway, I saw a thing, where was it?
I mean, it's been all over, actually.
There are, South Korea is just on a trading, I think like 30% of the volume on some of these is coming from South Korea.
They're just, they're just fucking trading this shit.
What am I have fun?
I swear, I'm guys, I'm coming over there.
If you don't stop.
They're trying to solve climate change.
What's wrong with you?
Someone's got to do it.
The chief scientific officer of IONQ in May.
In May said, quantum computers currently have no commercial viability.
They aren't even as powerful as a laptop and probably won't be in the next five years.
Okay, so he's saying get in now with a discount.
And their revenues that they have come from non-operating income,
aka interest on money that they haven't sold the computers yet.
I mean, folks, this is the danger of, uh, it's like you're, you can be right or you can make
money, pick one and make, make money. That's the one I want.
Because I remember buying shares of, uh, of Nicola, the hydrogen, um, uh, 18, the, the big rig thing.
And I was reading about it as the stock is just going vertical. I'm like, well, shit, this is
actually a viable thing. They've got partnerships with Budweiser and Pepsi and,
you name it. And then once the stock starts fucking tanking, you do a little bit more research
and you find out, it's just tentative, like, Budweiser's like, yeah, if you can figure it out,
we'll do something with you. Pepsi's like, yeah, if you can figure it out, we'll do something
with you. And that's essentially not exactly the same, but it's kind of the same thing going on
with these things. Because they'll get like, oh, there was a $20 million contract with the Air Force.
And it's like, yeah, their budget is $500 billion fucking dollars.
They constantly are throwing little grants to fledgling companies to do research.
Yeah, research quantum shit.
And it's just mind-nummingly painful because I'm short these things.
And I know that all of these fucking people aren't going to be holding on to these things for five to 10 years.
Even then I know that the stocks aren't going to hold.
They cannot sustain these values.
That's my regetti. That's how I'm sending my kid to college.
I regretty not getting regetti.
And anyway, so I had, I had my profits, you know, just chilling in there.
I've already taken out profits on the year, so I'm good, but I had a massive cushion.
And then yesterday, that cushion just flattened.
And I was just like, oh, man.
At least you. I think I'm going to, I think I need a cigarette. And so I asked my neighbor for a cigarette and I went out and I smoked it and I came back inside. And I couldn't do it. There's nothing I can do. The day started out. I opened my thing. I logged in and I was down 260 grand. And I was like, okay, okay. And then I look and I literally go pee and I come back and it's 300. And then it just keeps climbing. $5,000 a minute. You know what? You should have never done is go pee.
maybe that would have
I never lost the money
Oh dude
Well at least you had the cushion to begin with
Yeah yeah
But it's getting to the danger zone
And I've been in this situation before
But my God
Is it fucking frustrating
And then people like fucking
I know that this sounds like witchcraft
Weren't you like having the best year
You've ever had to?
Yes
I mean I still kind of technically am
But
Wait
That was just the one day
400 grand. I've already been down.
Then how are you still having the best
year? Because I was making a lot
of money this year. I was doing well, but it still
doesn't feel good.
Pull up
OKLO. Oh, so you're still up.
Barely.
Barely.
Maybe I'll get a tax refund next year.
I'm so confused.
Six months.
I'm so confused how you
what?
you're still calling it a good year?
Because overall,
I still am
netting out
more than you've lost.
Yeah, but at this rate,
it's like, how much fucking longer
is this going to go on?
OKLO is another
great example. $25 billion
company. 120 employees.
And they do,
they are an advanced
nuclear technology company.
We're going to need that.
Founded in 2013 by
Jacob DeWitt and Caroline DeWitt, both graduates of the Massachusetts Institute of Technology.
That's a good college, MIT.
They design compact, fast reactors with the aim of providing clean, safe, and affordable energy.
Okay, what are you hating on them for?
Because they don't have any kind of real, they don't make any money.
They currently have zero revenues.
They haven't sold the computers yet.
It's not computers.
This is nuclear, these are small nuclear reactors.
I know.
And their technology is such that it's, they don't have.
have, they don't have anything, basically.
It's, it's Nicola again.
Hey God, I got to sneeze.
Oh, and then I fucking walk Doug this morning and it's raining.
And when it rains, he doesn't want to pee or poop.
He's just interested in like, what's going on?
Well, it smells different.
This is crazy.
And I'm like, Doug, please fucking poop so I can go inside, you know.
And lose more money.
And lose more money.
this fucking thing just goes up every day
who the fuck is still buying this piece of shit
and it's like everybody
and what's frustrating is everybody in it knows
they're like yeah I know it's not shit
but I'm not fighting the momentum
and I'm just like
but that's funny you understand all this
you know all this stuff is bullshit
but it's going shocked by it problem is
I'm shocked because when
I, when I bought
Nikola's time
was very short-lived.
It went up and then it came back down
after a couple months. This has been
going on all fucking year.
Because now there are 10 times
more fucking traders out there
willing and able to just bid these
things up to infinity.
So you're going to buy this thing at $177?
I do keep buying it. I don't know why. I just, they say it on
Reddit and I just keep buying it.
It is so fucking exhausting.
And it's like, I know, I know that these things are going to come down.
But it's just a matter of like, look, it's up another $3 after hours.
Why?
You know how many employees they would need to actually pull this?
Other nuclear companies have like thousands of employees.
They just don't.
It's exhausting.
Is there a traditional nuclear company you know about that is actually,
doing...
I think SMR is one.
New scale power.
And they're at 45 bucks.
Yeah. Well, I mean, a different valuation,
but that's like a real company.
Market cap of 13 billion.
SMR.
Well, they have 330.
They've massively spiked, too, though, this year.
Yeah.
Dude, they...
Oh, my God.
What?
They were at...
They were at like two bucks.
Yeah, that's the other thing.
Righetti was at like a dollar.
There was a guy posting on Twitter who's like,
Raghetti in one year has surpassed my Apple gains over the last 17.
This guy's held on to Apple for 17 years.
And in one year his Raghetti has gone up more than holding Apple over the last 17.
That just speaks to how out of control and insane and stupid this is.
I mean, it's, so to be stuck with this is just like, you've got to be fucking kidding me.
I mean, it's definitely a new environment where you have all kinds of things you're dealing with that have only sprung up in the last few years.
Oh, yeah.
And it's like people...
I mean, the retail trader is now a completely different animal.
Yeah.
You also have Trump just controlling the stock market with a whim of a truth or a string of the truth.
I mean, just the Friday to Monday is, I mean, Friday to Sunday, it's just unbelievable.
Oh, you get fucking whiplash.
It's truly the most exhausting time to be doing this stuff.
I mean, I got hosed just on a, just on a, like, incremental buy I do monthly.
Because you bought it on, like, Thursday?
Yeah.
And then literally was like, what the fuck?
Why did everything just drop?
Yeah.
I saw that before I, uh, I was like, I just bought.
where's the money it's it is luckily it's climbing back up but it's like fuck yeah i i i mean
i really can't and all because of a truth you mean a tweet don't fucking do it don't call
that's what it is i mean what that's what it's it's i think it illustrates just the how much
more ridiculous it is it's didn't he start truth social wasn't it because he got kicked off of
everything? Yeah. I mean, it's all so silly. He's sitting there on this platform because
every traditional platform, they basically bricked his phone. They said, sorry, you use these platforms
to manipulate people and you, uh, you did an insurrection. We got to kick you off and we're
kicking you off everything. But it was Joe Biden's fault. Facebook, uh, no, that was, um, he was president.
Right. He was president of the time.
And then he said, okay, fine, I'll create truth social where true patriots can get the news.
And now he just uses it to short the market.
It's just unbelievable.
It's to do insider trading with his pals or his reject sons.
It's just so silly.
Yeah, it's not fun.
And now we all get to watch as he plays chicken with China.
Well, and China came out.
I don't think we're going to come out on top of that one.
China came out, I think, yesterday and said, we'll fight this to the very end.
We don't care.
We're China.
And we built that wall.
So, anyway, I have a headache.
And how's your trading doing now?
Have you stabilized?
Today?
Oh, I started the day up 40 grand because these things started to drop.
But then, of course, because nothing makes any sense.
Um, they just kept going up. So I closed the, well, I, I was down again about 80 grand. And then,
uh, you can't keep track of these? What are you talking about? Well, it's because my positions are
fixed. But the, as the market moves, the total profit and loss for the day reflects that.
Oh, okay. And so it's so now you're down 80. Well, no, then, then he truceed today. And it kind of
saved me because everything started to drop. And I was like, oh, okay, good. And, and then I, I,
I went from up like 42 to down 90 to up like 11 at the close.
But now after hours, these fucking things are still going goddamn up for no cock, for no fucking.
You know what we need?
We need Trump to truth that that quantum is bullshit.
Yeah.
Please, Donald Trump.
I will personally suck him off.
If he were to tweet that quantum is bullshit, I wish some hacker out there had the wherewith
to just buy a bunch of put options
on these things, short them to
oblivion, and then have Trump tweet,
I'm stopping all quantum
and nuclear stuff. You'd make
millions of dollars. But instead
they'd be like, phase clan
has hacked Donald Trump's account.
Whoa, whoa, whoa.
Like, God, you fucking useless idiots.
When they did it to Bill Gates, they were
like, oh, we did it.
We fucking hacked Bill Gates. And Elon Musk,
we, phase clan
represent.
Stupid.
all you have to do if you're you hack into Elon Musk's thing
all you had to do is say like I'm killing myself today
and plays a big bet against Tesla
man I I if I could just do one
I could just get one shot
no no just at his Twitter
yes just uh just to even get a whisper of
oh Trump's gonna truth the stupidest
Yeah. Oh, great. Let me buy.
That's how you know that Baron Trump is doing it. He's going, hey, daddy, why don't you let me know when you're going to do something like that? And I will place a bet. And you know Trump's going like, you're such a smart boy. You're such a smart boy, of course.
I'm just surprised we haven't gotten some NYU friend of his or girl he tried to take on a date. I'm sure that that's happening.
Who's coming forward being like, yeah, all he does is brag about how he.
he runs the truth account.
Because they all want a piece.
Because they're all probably making money.
They got loose lips.
There's no way.
There's no way they're,
there's no way they're, uh,
and then what will happen?
What do you think will happen?
No, no, I just want,
I need some confirmation.
Oh, yeah,
fine, nothing's going to happen.
There's no consequences.
But there's so much speculation around this of who's,
um,
who's profiting off these things,
who's making these,
you know,
we can always see these accounts,
these snipes that are just making
unbelievable.
Pull up Q-U-B-T stock.
I want to show you guys
just how insane and stupid this is.
This one is trading at $4.8 billion.
And it is up, I mean, last year,
at this time last year it was trading
at $86 and now it's at $21.
You know what this company used to do?
Make quantum computers.
Nope.
Just about a year ago, they were a
drink, they were a failed soda
company. Look, we love a pivot.
That's what they do. They're fucking like,
we're a quantum company now,
and now they're fucking...
Wait, that's actually unbelievable. What was there?
Do you know what their drink company was called?
Let's see, QUBT beverage
company.
QUBT is a stock ticker for Quantum Computing Inc.
A company that was formerly a beverage company
called Innovative beverage Holdings.
No way.
Yep.
in 2018 oh in 2018
excuse me the company
rebranded and pivoted to focus on
quantum technology what are you
talking about
see this is what's frustrating is it doesn't
matter wait wait but how do you
even I mean dude I'm on innovation beverage
group's website here
this is in I mean
the first thing is a Australian bidders company
how do you even repurpose this
into a quantum computer company
I mean they don't
That's the thing
They don't fucking
They just
You can
You can just say anything
And twisted shaker cocktails
Drummer boy
Not alcoholic spirits
Fine these all seem
Oh I see what happened
They went bankrupt
And some guy bought it
And renamed it
Oh okay
For like 500 grand
But now he's fucking
This schmuck is out there
Just being like
Yeah we do quantum
They don't fucking do quantum
They don't do shit
what's frustrating though is you've got a bunch of people out there on
on Twitter and elsewhere who are openly saying I'm shorting these companies
and you know all that does all that does is give ammunition look at this website for
putting photons to work that's what I'm saying the people who work at these
companies are saying themselves yeah this is really really far off into the future and
even then, we don't know
if it'll ever become...
If it's ever going to pan out.
Yeah.
Oh, my God.
Oh, look at that.
Quantum Computing announces $750 million
over-subscribed private placement
of common stock priced at the market
under NASDAQ rules.
In other words, they're diluting shareholders
to raise cash.
And normally, that would cause a stock
to drop 20% because it's like,
oh, shit, we're all going to get fucking dumped on.
It doesn't matter.
It doesn't matter.
Nothing fucking matters
in South Korea are just
playing games. They're just
bidding these things up to
this is, we need Trump to truth.
Don't worry about China. worry about South Korea.
They're driving up our poor
quantum computing stocks.
Our poor, no, it's good for,
I mean, it's just
and now you're seeing it across the
precious metals,
you know, you name it.
MP Materials Corp
has gone up, 10x.
just
throw a dart at a board
and you will make millions of dollars.
You sound like a hater, dude.
I am a hater.
I'm pissed off.
I'm pissed off.
Stupid fuck.
Look at that.
I mean, that is actually,
you know,
they're a real company at least.
Um,
I think.
Yeah, but then he made,
804 employees,
$17 billion valuation.
But that one actually makes a little sense
with the,
uh,
with the talk of,
we're going to have to start investing in critical metal supply chains outside of China.
Yeah, these people stand to make a decent amount of money.
So anyway.
And maybe they sold more than two computers for all I know.
Even though these companies don't do anything or make money or have a viable business model,
it doesn't matter.
It's just buy it on the dips forever because they're going.
to a million because quantum
is the future and
nuclear is the future
even though it just doesn't
fucking matter. Right, that's the other thing too
when they do finally take the dip
retail buys it
all back up.
Well, that's what I'm hoping
if you pull up
ALAB, just Google
ALAB, this
is a stock that, do the six month chart,
this is one
that had a similar trajectory. It just
Do you see that?
And look at what's recently been happening.
The air finally comes out because it's kind of fallen out of favor.
It's not really, you know, it's not the hot thing anymore.
Buyers get exhausted and shorts pile on and then the momentum shifts.
And that is what is going to happen to these.
It's just a matter of when, not if.
But the problem is how much fucking longer can and will this go on?
It's exhausting.
It's like every fucking day.
Yeah, for a year.
i yeah yeah anyway this is a good place to stop we should change we should make the title like
how it feels to lose 400 grand in a day or just pain period pain and then the the thumb is just
me pulling my hair out and it says minus 400 000 we didn't even talk about it but there's
there might have been multiple but there was at least uh one reported very weird scenario of a of a
who killed himself, I believe in Ukraine,
gotten to his Lamborghini.
Yeah.
Brothers, sell the Lambo.
I mean...
Did you say Kurt Cobain himself?
Jesus Christ.
Just...
Jesus Christ.
So, I mean, this is...
You know, people are really...
Playing with fire here.
These are massive amounts of money.
People are leveraging themselves with...
Basically, just go into the...
To this little online casino we created in...
and just...
Yeah, Constantine Gaelic,
also known as Castia Kudo,
was found dead in his Lambo Yuras
in Kiev's Obolonskiy district
with a gunshot wound of the head.
Apparently, he got wiped out.
I mean, be careful out there, folks.
The president is armed with a truth account,
and he's ready to use it.
The fucked up thing is,
this time he didn't even give us a,
this would be a good time to short.
Yeah.
You'd think, yeah, why not do that, sir?
Last time he gave everyone
of this is a good time to buy.
Anyway, all right, we'll see you in the bonus.
What do we have?
What do we have?
What were we going to talk about
that you started to say at the beginning?
Oh, many baggers.
Oh, yeah, mini bagger boy.
I actually do, I finally have a TikTok
to show Ben and I'm really excited.
I've got a couple too.
It's so nice to show Ben something.
I also have a
a text from a friend of mine
who went on a date with a girl in Austin
and this woman is a former model
who purports to have
partied with
Elon Musk been to
Jeffrey Epstein's Island. What?
But she was one of the ones who had a good time, apparently,
and had a lot of weird things to say.
Imagine... He gave me permission to talk about it
without naming her. Imagine being the one person
who has a good experience with Jeffrey.
I had a good time.
He was so nice.
They were also nice.
I mean, like,
the massages just kept coming and coming.
Folks, these are some weird things that she said to the point where I was like,
I don't even know if I believe this.
Good God, man.
Anyway, Ben and Emile Show.com.
We'll see you there.
