The Trillionaire Mindset - 11: Liver King and Bitcoin Bear Market

Episode Date: December 13, 2021

Listen on Apple Podcasts: http://apple.co/trillionaire That’s your first refill FREE (and up to 40% off bundles) at https://GETQUIP.com/TRILL  That’s https://drinktrade.com/trill, promo code trill for your first bag free and $5 off your bundle That's https://chwine.com with code TRILL for 20% off 3 bottles or more plus free shipping! Trillionaire IG: https://www.instagram.com/trillionairepod/ Trillionaire Twitter: https://twitter.com/trillionairepod TMG Studios YouTube: https://www.youtube.com/tinymeatgang TMG Studios IG: https://www.instagram.com/realtmgstudios/ TMG Studios Twitter: https://twitter.com/realtmgstudios BEN https://www.instagram.com/bencahn/ https://twitter.com/Buncahn EMIL https://www.instagram.com/emilderosa/ https://twitter.com/emilderosa  *DISCLOSURE: THE OPINIONS EXPRESSED IN THIS VIDEO ARE SOLELY THOSE OF THE PARTICIPANTS INVOLVED. THESE OPINIONS DO NOT REFLECT THE OPINIONS OF ANYONE ELSE. THIS IS NOT INVESTMENT ADVICE. THE VIEWER OF THE VIDEO IS RESPONSIBLE FOR CONSIDERING ANY INFORMATION CAREFULLY AND MAKING THEIR OWN DECISIONS TO BUY OR SELL OR HOLD ANY INVESTMENT. SOME OF THE CONTENT OF THIS VIDEO IS CONSIDERED TO BE SATIRE AND MAY NOT BE CONSIDERED FACTUAL AND SHOULD BE TAKEN IN SUCH LIGHT.*

Wait, pause, pause, pause, pause, pause. Imagine you're this guy's son, and you're just known as the liver boys. This is crazy. You can't be, don't you wish you could meet this guy and talk to him? I do, I would love to, I have questions for him. Emile.

The first question, how do you not have scurvy, my dude? You can't eat like that. Emile, I have a special treat for you. What is it? I got liver king. No way. He's here. Do you want me to go out and get him?

I told him, I had him wait, it was gonna be a surprise, but I got him way he's here. There's no want me to go out and get him I told I had him wait It was gonna be a surprise, but I got him he's here Give me just to get him yeah, no, but it's cool. He'll answer your question. He's a good sport. He's got a great Titi okay, well, I feel bad about the whole scurvy thing. I hope he's cool about this oh It looks like he's walking in the studio right now. Well, shares are just getting hammered this morning. Every day they're yelling at me. I'm not fucking late. From... Music

I used to prank call with my best friend when I was a kid, Sean Plummer, and I used to use Arnold Schwarzenegger sound boards from the internet. Oh, yeah, that was really the best. Who is your daddy and what does he do? I'm a cop, you idiot. I'm a cop, you idiot. Get to the chopper. You know, Arnold Schwarzenegger impressions are one of the few impressions where no matter

who does them, no matter how bad they are they're always good Because it's always get down get to the chopper Etc It's not a duma it's not a duma give to people the area doesn't it do one with the pizza. It's a sausage pizza I don't remember that one. Yeah. I made that one up. It's a sausage pizza If you haven't I thought it was on us on a soundboard if you haven't watched last action hero in a wide Remember that one. Yeah, I made that one up. It's a sausage pizza. If you haven't... I thought it was on a soundboard. If you haven't watched last action hero in a while,

you should rewatch it, it's worth a rewatch. Or any of them, it's very good. Check them all the way. Any Arnold. Phil Hartman. On a movie. He's great. Nestled safely and direct tree.

Remember that line? Yeah. He died like I want to die. I want my wife to kill me. Huh, yeah. Okay. Just seems like a nice way to go. Yeah, on died like I want to die. I want my wife to kill me. Oh Yeah, okay Just seems like a nice way to go. Yeah on that note check the disclaimer in the description there folks Welcome to Trilinear mindset episode 11 look everybody can shut up now because I got my Yeti

Shout out to Nate my little brother The most I don't have mine today. I'm gone is for the People don't know who don't know. It's it's a cold rainy day in Los Angeles and we get to be cozy. So you don't drink water when it's raining cozy? Well, I'm taking full advantage like this. I got this steamy tea. It feels so good My handsome brother has like 10 of these Yeti cups. I don't know why I can't remember why he has them. I think his girlfriend's dad or something works for Yeti work for someone somewhere, but Thank you Nate. Yeah, it's a nice cozy day. Oh, I can hear the rain. Oh the rains pitter-pattery. Yeah, I love that. It's so nice

That's the thing the heat drives us nuts. We're gonna be good today because it's a nice cozy day It's cold and rainy where I can do anything. We're having do anything. We're snuggling do anything psycho But I people have also asked what's the deal with your koala, stuffed animal. Mind your business, that's the deal with the koala. Yeah, good enough, good enough, answer for me, pal. We should get one thing out of the way though, because I think we should talk about liver king

for just a little bit. Oh yeah, we gotta drive this crazy. Well, before that, we do want to touch on the, our viral TikTok that people didn't understand. We put a clip from... I jumped the gun. It's okay. Two episodes ago, I talked about my exploits with Target and gaming their system to get

a bunch of credit card points and a shocking amount of people seem to lack basic comprehension skills because I explained from start to finish. Don't have to rag on these people. Yeah, these people are stupid idiots. Not any of you find folks. The people on TikTok, because this TikTok went, I'm going to use the word. Viral. It went viral. And people in the comments were like, I don't understand. What? What is this? How did this work? What? What? So you got target points and it's like, did you watch the whole fucking clip?

Dingas, dip shit. What are you doing? Say, what's going on? Confusing at first. Yeah. No, you know what I think the confusing thing is? I think people think that you're getting money from it and not that you're getting that it's not manufactured

for points. But then people were like, so how many points did you get? I asked the question on the podcast. When you explained it to me, I went, wait, but what are you getting out of this? And then I connected for me. Right. Not to, you know, yeah, I won't explain it. Yeah, these people are bad. These people are bad, but they're good because everybody is

bad before they're good. This is America after all, you are innocent until proven guilt You went viral baby. Yeah, so please follow us on tiktok by the way leave a comment or no We've already went viral like it subscribe to it smash the like button. Yeah, got 2.6 million likes We're really really picked it up more contagious than homicron homey chrome are tiktok homey chrome homey chrome It's not our homey chrome, I'll tell you that much. No way. This virus.

Fuck homeicron, all my homies hate homeicron. Homeicron. Homeicron. Okay, so now we got all that, the work out of the way. We alluded to our very favorite guy on the internet who is known as liverhead. Yeah, we didn't want to derail the episode last week. We had too much stuff to talk about. But we have to talk about him.

And now he's just driving us insane. So you want to explain to the fine folks who liver can. For what I can understand, he's a psychopathic man living in Texas on a huge piece of land. And he's obsessed with what he calls ancestral living. He lives like a caveman. That's what he says. He says giant modern house with electricity.

And he likes, he's very into tribes. And I mean, you gotta see this guys, he's gigantic. I've seen comments where they ask if he's natural and he says yes, but I can't. In that world it's called claiming natty. He claims natty. I mean, look at him. He looks like Tim Allen.

I don't know how you could do that. Yeah, he looks like Tim Allen is having an allergic, a severe allergic reaction to some shellfish or something. He's yoked to the gills. He's got the bodybuilder guts. But so all of his videos are him either working out, eating an insane meal. It's all meat. We'll try to find one. It's like all meat.

He loves eating liver. That's why he calls himself the liver king because it's, he says it's the most nutrient-packed part of the meat. So he's either doing a workout, eating a psychotic meal, or like fucking jumping in his like cold hot tub or something. And we're obsessed with this guy because he always looks the same. He's never with a shirt. He's always without shirt. Sans shirt. He's red and swollen looking. Wait, so play this one. This one pisses me off because here he is doing his fucking

Look this gigantic unnecessary just get scissors He's cutting it open with a knife this package of raw beef pulling out a bloody I imagine cow liver Takes a bite out of the raw liver disgusting weird It cuts away all he does is take one bite. I don't buy that he'd tell this fucking mother well, so his whole thing is His it's it's all Kind of like the paleo diet people. It's whatever our cavemen ancestors did is The way to go because they weren't encumbered by the modern the spoils of the modern world and they weren't um,

what's the word I'm looking for? Corruptes. Yeah, that one. They weren't busies. They didn't, they didn't wear shoes or use underwear. Right, but they had tribes. Yeah, they had tribes. So his whole game, his whole bit, it's not a bit, but his whole thing is just doing what our ancestors did. He's got no way our ancestors did this. No, I know, but he's got on TikTok, his like ancestral tenets, which is, there's like nine of them, which is like grounding yourself to the earth, getting plenty of sunshine, which is great, yeah, true.

But the other stuff is just so here, this is my favorite clip of him. On Saturdays, he does trains barbarian. And let's play the clip. You know what day it is. It's the day we train barbarian. It's the day that we train ourselves, and we test ourselves, and we remind ourselves.

How does he have that? We can take a full of so much more. I don't understand how you can do that. That's a fraction and dominate. It's the day that we honor our early ancestors our reconnecting ancestors and all of that ancestral heritage in between so that we can be here today and we can enjoy the spoils of the modern world like a roof over head and a time of peace and the time of peace it's the day that I can enjoy the sport our passage our direct connection to our ancestral past so that we

can have origin stories scattered throughout the globe What is that we're gonna do the hardest thing we do a week So that we can perform the rest of the week with relative ease because hard times make strong man and strong men Make good. Oh dude. He's like one of those freaks. Oh, man. Oh, man. I love I love how he get he tried to get all like You know, has this guy been on the Joe Rogan experience yet? Not yet But I assume that he will be let's play there's one more clip that I put on there from Tik Tok Oh, yeah, this is one of his classic things. He lays out his like meals. So this is his this is let's just play it. It's unreal Never came here welcome back to Friday evening dinner back this nighttime. We're having a late dinner

But here's what we have okay. We got liver breakfast lunch and dinner always we got the bone and it's like covered in maple syrup and shit Yeah, the femur bone with a huge chunk of bone Mary here in the middle. We're gonna scoop that out We got some patties for liver king liver quig and liver boys Wait, pause the fucking Imagine you're this guy's son and you're just known as the liver boys. It's liver queen. It's liver queen. Imagine you're this guy's son, and you're just known as the liver boys. Yeah, my dad's whole thing is he just fucking loves liver. There's one where he takes, he does these fucking like weighted walks. He puts on weighted vests.

He carries kettlebells, and he puts on weights around his ankles, and then he pulls a sled. He's got a video of his whole family doing it. He's like, today we're doing a tribal walk. Are they all, dude, he's got young kids, and I'm like, they got a call fucking child protective. Yeah, this is crazy. You can't be, don't you wish you could meet this guy and talk to him?

I do, I would love to, I have questions for him. Emil, the first question, how do you not have scurvy, my dude? Like, you can't eat like that. Emil, I have a special treat for you. What is it? I got liver cane. No way. He's here. There's no one. Do you want me to go out and get him? I told you, I have a special treat for you. What is it? I got liver king. No way. He's here.

There's no way. Do you want me to go out and get him? I told, I had him wait. It was gonna be a surprise, but I got him. He's here. Bring it. Yes. Give me just a minute.

I'm gonna go get him. Yeah, no, but it's cool. He'll answer your question. He's a good sport. He's got a great sense of humor. Yeah. Okay. Well, I feel bad about the whole screw, everything. I hope he's cool about this.

Ben is just going to grab the, the liver king, and we've got some, we've got some questions for him. And, oh, it looks like he's walking into studio right now. Lever King here. Brought, brought, should I call you Brian or? No, please, come- Come here, Lever King. Lever King. Yes. I see you left the tribe at home.

The tribe is at home. Lever Queen and Lever. Lever Queen, Lever Boys are at home eating their breakfast burgers and having their breakfast, Lever, I've concocted some... Yeah. I've concocted some... I've concocted some... I've concocted some...

Bit giggly today, liver king. Bit giggly today, liver king. The hair of my beard. I haven't gotten as much as coming... I haven't gotten as much as coming... I haven't gotten as much

as coming... I haven't gotten as much as coming... Okay, I did have some questions for you. I need to like spit. It looks like you also wear glasses in person, is that? Well, as you know, our ancestors didn't wear glasses. They didn't brush their teeth. They didn't use toilets. They didn't wipe their butts. Oh, Christ.

Okay. You have some questions for me. Yeah. I understand that you wanted to watch some clips. Number one, to understand more about our insetual heritage. I just want to clarify. I've seen you say it on some comments. People have been asking you if you're natty.

Are you natty? Very. Yeah. Now I can get it in the natural. Yeah. So I had one question about, there's one of you on an airplane. Go ahead. I'd love to see if we could play that one

Sure play the quick clip of you on an airplane Well, you're actually going here. We go look at this you're working out wherever you go, huh? Well, yeah, he's gonna be ready. You've got to be primal suitcase carries overhead presses with his suitcase He's you've got liver boy. I've got liver. I've got liver son number one, carrying him around. And now you're doing airplane seat dips. Yes. I did want to say no mask in sight. I'd hate to, I'd hate to sit next to you and have to ask you to put your mask on. Well, because I'm not a pussy. And our ancestors didn't use vaccines. They didn't use medicine. Right. They lived to be 120 years old. That makes for it. There were process things like sugar vegetables. Can I just

play my absolute favorite? There's one where you do an ancestral you're like a bear. You've got this fish. Well, bears famously eat the eggs straight from the anus of the fish. And so I wanted to capture what our ancestral heritage barbarians used to do when they were trained barbarian style because they didn't wear shoes. They didn't have, they didn't just turn his spout off all the shit. All his dumb talking points. Can we end this bit? Can I put my clothes back on? I can't breathe. Yeah, this was, this was a very ill advised, this beard cost three whole dollars and it came out in my mouth. Oh boy. I can't believe we got him in studio. That's the kind of pull the trillion

our mindset has. Let us know if you guys want us to get any of your favorite TikTokers. We'll get him in here. Yeah. Yeah. Let's give him some questions. For the listener, it's he's holding up a giant fish like like a salmon or something, and his wife is squeezing the eggs out of the fish's ass. And he's like piss into his mouth. Eggs are not coming out. Oh my God. Well, we love Liverpool King. Liverpool King if you're out there, buddy.

Come on the show. Come on the show. We have a question. I'm very scared. No, I would want him. Can you imagine how bad he's got his ass? Can you imagine how high his cholesterol is? He's got fucking scurvy. Can't just eat meat.

He's gonna die. Yeah. He's probably got so many polyps in his colon. From all the meat that he eats. Anel fizzures. Holy god. Oh, well, now that I've humiliated myself for the internet for the umpteenth time, I'm ready to move forward here.

It's time for Grypto Corner. Wait, hold on. What? Oh, who hold on. What? Oh, can we do the animation for crypto corner? Yep, just woo. Wow, that's a new animation that we've got here. Yeah, but you have to call the guy upstairs to do it. Oh, yeah, you got to come, you got to make sure. So there's all kinds of crypto stuff happening. It's crazy.

I take a big swig of water and stuff like that. Yeah. Congress, there's been a bunch of all the, all the crypto CEOs had a hearing at Congress. Yeah. I think it was yesterday. When you guys listen to it, it won't be yesterday. Get over it. Yeah.

It was Coinbase. Coinbase is like the big ones that are trying to really make things happen because they've been pushing for a while. The SEC, I think his name is, what's the head of the SEC's name? Gary Gensler. Gary Gensler. He's a new head of the SEC and he's very anti-crypto. He's been a thorn in crypto side for a while because he wants to treat it like securities. He wants to treat crypto like securities and when you do that, you treat it like a security

where you've got to have balance sheets and you've got to have perspectives and you've got to have. Kind of regulation. Yeah. I think a big part of it was these dows because now people are like buying a little piece of these organizations. And the SEC doesn't know quite what to make of it.

But Coinbase has been pushing for, organizations and the SEC doesn't know quite what to make of it. But Coinbase has been pushing for, I also think the writing is on the wall, right? So I think crypto people know that regulation is coming down the pike anyway. So now they're trying to get a part of, they're trying to be a part of the conversation. And we've mentioned before that, oh, sorry, go ahead. No, but Coinbase has been pushing for a while. They want their own regulator. They don't want to be subject to the same regulations as traditional securities. Right. The head of policy at Coinbase, I believe, said, excuse me, it's

the rainy weather that really puts a little frog in my throat. It is the drop in bare-moving. Holy God. It's getting, yeah. The head of policy at Coinbase was saying that the rules for securities are outdated because they were originated in like the 1930s. Oh, yeah. Which is, sure, that's valid, but I mean, they're still, I'm kind of talking out of my ass here, but, you know, they obviously still apply today

and they still have a purpose and they can be updated. But it's true that the technology that exists and that crypto is based on just doesn't fit the mold of the law. So what they want is to work with the government to create an entirely new governing body to help them regulate this brand new thing because the market, it's a, sorry, real fast. It's approaching three being worth three trillion dollars, cumulatively, cumulatively between Bitcoin, Ethereum, and all the others, right, which is massive. And like, you need the government to do something.

I think they want to write their own regulations a little bit. Yes. Absolutely. Yeah. They, I think, I think it was Coinbase. I forget her name. It's like, Haas or something, but she was, I think her first name is Haas. No, I think your last name starts. I forget her name. It's like Haas or something, but she was... Her first name is Haas? No, I think her last name. Starts with an H. That'd be a wild name. Maybe it doesn't. Maybe that's the CTL.

My name's Haas, I'm looking at you. Yo, Coinbase. But she... I think a couple of months ago, she submitted some outlines for regulation, and it's just... It's a bit weird. It's a bit like letting your toddler set the run bedtime. Yeah.

And you're talking about these regulations from the 1930s. I think the test they currently use is this thing called the Howey Test. It's like an old case from I think 1934. And this is basically how they figure out whether or not something is a security. It's how we test for it. Nice. It does how we stand for something? H-O-W.

No, it's the name of the case. H-A-W-E-Y. Howey. H-A-W-E-Y. Yeah. No, really. Is how we stand for something? H.O. It's the name of the case. H.A.W.E.Y. Howie. H.A.W.E.Y. Yeah. Howie. And that is not how howie is spelled H.O.U. I think it's the last name. It's like, oh, oh, some idiot from some farmer probably. Whoa. We are pro farmer on this podcast.

Are we enough with the corn subs, subsitties? God dang. You know, but you know, there's a whole thing with the farmers in the subsidies. No, I love farmers. But so there was some entertainment. As of the recording of this episode, it was yesterday. So they had some pretty entertaining bits in Congress. There's this Congressman Brad Sherman from

he's from California, San Fernando Valley. Yeah. Yeah. I looked him up. He's apparently voted like the number two meanest Congressman. I kind of like it though. And there's a video of him getting aggro. There's like, it was a debate between him and the his opponent at the time. And he like wraps his arm around him and he says like, you want to go outside in front of like a bunch of college kids. He doesn't take any shit.

He doesn't take any shit, but there's this great clip of him. Let's play the clip. Taking the piss out of crypto. Yeah, taking the piss out of it. Now, the number one threat to crypto currency is crypto. Bitcoin could be displaced by ether, which could be displaced by Dodge, which should be displaced by hamster coin.

And then there's cobre coin. And what could Mongoose coin do to crypto coin? I wish he meant to say what could Mongoose do to cobre coin? Yeah, I screwed up. I wish he stuck the landing. He also spelled dogecoin. He pronounced dogecoin. Yeah, Dodge.

That's a problem. You have a man, these boomers, they don't even know how to pronounce their memes, but the United States Congress is a sclerotic. Yeah. Sclerotic. Very good word. Why did you recently pass the bar exam? Come on, get the fuck out of here.

Is that a, is that a legal term? Sclerotic? No, that means you're back, right? It just sickly, sickly, like multiple sclerosis. I know it from arteriosclerosis, which is when your veins start to, you know, when old people get those veins. Yeah, those disgusting veins.

Those are veins kind of like dying. That's when you gotta push them off the cliff. Yeah, I actually know it from an old... It's midsummer style. Tom Wolfbuck, he would not stop saying arteriosclerotic. Damn. You know what word really grosses me out? Therombosis.

Deep vein thrombosis. Deep vein thrombosis. That just makes my legs thrombose when I hear about it. So I was calling Congress old. Yeah, this guy, there should be limits on the age limits on these guys, and gals, cause they're, I don't say gals ever, what the hell's wrong with me? This guy, you know, they're ancient,

except for Mr. Brad Sherman. He seems to know what he's talking about. Like, he's not, he actually understands this stuff. That's why he was alluding to how much of a joke it is. Like, oh, so how serious can we be if Bitcoin can be replaced by Ethereum, can be replaced by Dogecoin? And crypto bros kind of proved his point after this. Yeah, because it's pretty great.

Yeah, here's this tweet. Yesterday, when testifying during Congress, Representative Brad Sherman said that Doge could potentially replace ether. Hamstercoin could replace Doge and ask what about Mongoosecoin? And lo and behold, Hamstercoin, which is a real token, is up 66%

and then Mongoosecoin token was created, which drives the point home that there needs to be some kind of regulation because this kind of thing, people are too stupid to, I don't know, I mean, casinos exist. You can go do some sort of things. And they come for room people's lives. Why can't you?

Yeah, they kind of do room people's lives. Man, one time, okay, I was in Atlantic City. I like, can't go to, which is the vagus of the these Vegas of the east coast right yes but it's like it's maybe the most depressing place I've ever been to wow because it's just like a failing dead city and you can still go gamble but and I I don't like gambling I don't like Las Vegas I've been to one I've been to Vegas one time and it was with a political campaign It was not for fun

Uh, and was that with Bernie Sanders? It was, cats out of the bag. I like the guy. Yeah. So but I'm sitting there and I was a little high And so it was already like I was already freaking out like I don't like this place It's weirding me out. There's just like old sad people here losing all their money and we are sitting at This crap's table or no roulette because you could just put all the money down and this guy came in it looked like he just cashed his check takes out a big water cash throws big stack on some on some money I mean on some on a number loses throws big stack on a number loses throws big stack

on the entire stack disappears within like 10 minutes and he just goes fuck walks out of the casino and I was like holy shit Oh, sounds like a construction worker. He looked kind of like a construction worker. Yeah He had kind of like dirty jeans on and some boots about boo. Yeah, god damn don't do that folks You know, it's the gambler's fallacy. He probably kept thinking this time. I'm due. I'm due. I'm due Oh, yeah, and that gambler's fallacy does apply plenty times of trading especially here. Wait, can I tell one more funny gambling story?

Yeah, I tell another funny gambling story. Just, this is why I don't fucking touch the stuff. So it is, just because you're talking about that mindset, I was at a batch of party. And there was a casino nearby our Airbnb. And dude, some of these guys would go, I was just drunk with my friends having fun. Guys would disappear at like 10 p.m.

and they wouldn't come back to like 8 am. And they would be in there all night gambling. I remember one of these guys, I didn't really know him, he was a friend of a friend and he came back and he was like shit, I lost fucking $1,900 last night. And I was like damn, that fucking sucks. And then the next day he comes back in the morning

and he's all pumped, he's like, let's go boys. Like we're going out, blah, blah. And then I was like, oh you won big And he was like, yep, I'm up I'm up 800 bucks and I was like, yeah, but yesterday you were down 1900 bucks and he was like, don't be a fucking downer, dude. And I was like Wow, yeah, that's I don't touch gambling at all. I played poker in a casino A single time and it wasn't for me, because all the other guys were super aggro.

Oh yeah, like, you know, I was, because I was just there, I was actually my 21st birthday. I was there to gamble it, Hawaiian Gardens Casino. And yeah, it was funny, because my birthdays around Halloween, and everybody there was dressed in costume, except for me, and I just was talking and hammering it up, and people did not like me talking. No, it's very annoying. They were costume except for me. And I just was talking and handing it up and people did not like me talking.

No, it's very rude to me. I've sat and played Blackjack just to, you know, at like low stakes, Blackjack just to get the free drinks while everyone's getting their fix. Yeah. People get so pissed, they're like, why would you do that? Like when you hit or what, and you're not supposed to, it's like, because I'm fucking,

took a little risk, what's the big deal? Yeah, it's a little bit of toxic masculinity. Yeah. Goes hand in hand with gambling addictions. We got to this, just speaking to Brad Sherman. There's this guy. I don't know where I know Matt Stolar from. He's a big economics reporter.

He wrote a book called Goliath about monopoly and stuff and he works at, um, right there. American Economic Liberty's probably got you. Well, he had a great little just a couple tweets about Brad Sherman in regards to this, this fiasco yesterday. He said Brad Sherman is exactly the kind of congressman who cuts through the bullshit on crypto. He's pointing out that crypto is just repackaged Wall Street bullshit, pretending to be opposed to the man. Yeah. And he goes on to say, Sherman is pointing out that Tether didn't even bother showing up.

He's making fun of the whole space and noting that his useless propayments are anything meaningful that normal people have to do in the economy. He's an accountant who knows his stuff and he was probably the most aggressively anti-ball, anti-ball out member in 2009 to 2010. He watched him confront Rom Manuel and Tim Geithner

in a private meeting. You know, this guy's being, he's being primaryed by a pro crypto candidate. Who's being primary? Brad Sherman. Brad Sherman. Yeah. And that's the thing.

And this is coming from someone who like, I keep regularly dipping in back and forth between crypto as bullshit and crypto is actually totally useful. Oh yeah. I understand the merits and crypto bros just calm down. You're part of the problem, okay? Because my concerns are valid. You understand? You need people like me to get on board. Have fun being poor. That kind of shit. No, no, no, no, no. Haven't you ever heard the phrase? You learn more flies with honey than with shit. Well, guess what? I hear coming out of your dumb mouth. Shit. And I'm, wait, flies are attracted. You get more flies with honey, not vinegar.

Honey, not vinegar. No, no, you get more flies with honey. Yeah, not vinegar. Okay. And you still get a lot of flies with shit. Yeah, you still get plenty of flies. Just fucked up that hole. Yeah, well, anyway. Oh, I mean, you sound like a no coin bitch right now. You know what? I'm gonna use the sound board for the very first time and say, shut up, I don't know. That's what I have to say to you, crypto bros.

And there's even, I'm not the only one who thinks this. There's this guy on Reddit on the Bitcoin, on the cryptocurrency subreddit. Yeah, we both sent this to each other. We thought this was a, there's this guy on Reddit on the Bitcoin, on the cryptocurrency subreddit, who says, we both sent this to each other. We thought this was a, it's interesting, because you don't see this from crypto bros a lot. Yeah, this guy says, we need to listen to people who do not like crypto.

All of us want mainstream use in the future. For this reason, we need to listen to those who aren't on board yet, because to achieve mainstream use, mainstream use, we are going to need to convert people who aren't on board yet. They have legitimate concerns, but they are far too often ridiculed, called dinosaurs, et cetera. Yeah, no kidding.

Everybody has valid concern. It talks about how no one wants to get into these assets when they have to deal with rug poles, scams, 20% dip, sauna-giving day, like... Crypto bros making fun of you, calling you, you know, names. Right, calling you a dinosaur. That's five percent of it. Calling you a no-coin bitch.

But that, and it is a weird thing. Having sex with your girlfriend. Right. Crypto Bros have slept with both of our girlfriends, which sucks. And that might be why we're such no-coin bitches. But. Go on.

I find that. And his name Elon Musk Elon Musk did sleep with both of our girlfriends. Yeah. And we'll get to him. Don't get to him with this new. Get the Elon pilot dog shit haircut. But most of them have become so accustomed to this. And they just kind of go, yeah, that's that's crypto.

Like when people complain about rug pulls and stuff, they're like, yeah, you gotta be careful. It's like no way. Great, great, great. That sounds like such a store of value and such a revolutionary concept. My favorite was always this one Bitcoin guy that I'm friends with would always say, oh, Bitcoin's ready to handle like a thousand transactions per second. And I'm like, yeah, you know how many transactions Visa handles per minute? I'm like, I don't know, fucking millions. Think about how often people are swiping their visa cards.

It would have been cool if you knew. Yeah, it would have been way cooler if I knew. He also talks about the, you know, how much electricity and stuff it used. He also talks about the gas fees on Ethereum, and it's funny there was a guy just talking about. Thanks a lot Joe Biden. It's hard to get in on this stuff when you don't know, and he was talking about how he was like, oh, it seems like Ethereum was the next thing,

so I dropped 20 bucks in just to like dip my toes, and he's like, now I can't do anything with it because the gas fees are $30 to move it anywhere. Also, if you're putting 20 bucks into Ethereum when it's like $4,400 per unit, what are you doing? It's funny. Can I tell you, my friend has a, I love his investing model in crypto.

Would you buy when it's red? No, because of the volatility, he basically just has it set up, so I think it's like no because of the volatility he basically just has it set up so i think it's like a hundred dollars a month or whatever he whatever he's comfortable losing it's set up so it'll make a hundred dollars a month by into say bitcoin right and he just doesn't pay attention to the dips and stuff he doesn't look at the price and just keeps putting a little in putting a little in and over time it's grown to like you know tens of dollars no if he's been putting it a little in. And over time, it's grown to like, you know. Tens of dollars.

No, if he's been putting $100 in for years. Yeah, he's got probably 10,000. And he's not sitting on Reddit doing these weird posts about like, is this a bear market? That's lasted 72 hours. Well, the Bitcoin did have a bear market that lasted about 72 hours. What's next on the thing here?

Well, wait, I do want to tell you, so we talked about that guy Brad Sherman, and it's like, it is nice that that guy seems to know what he's talking about, but I am a bit worried about, I do think that Coinbase will end up writing their own regulations. I mean, I don't think most regulators are like Brad Sherman.

I think most of them don't know what they're talking about. I always come back to that clip of the when they were having the meetings with Facebook. And the guys going, what is Finsta? Will you commit to ending Finsta and she had to go, okay, so we don't run Finsta you fucking moron and so Well, you commit to ending things. I think that if regulations do come down the bike It's gonna be crypto regulating themselves like you know We just think it's gonna be entirely them running it the SEC does not have the capacity to handle them We've you know defund it. I think I've told you about this before the remember we were talking about the OTA It's the off T a it's the office of technology assessment. Oh, yeah you know, defund it. I think I've told you about this before. Remember when you were talking about the OTA?

It's the Office of Technology Assessment. Oh yeah. It used to be like office within Congress. It was unfortunately defunded by Newt Green, Gingrich. And it was basically this group of people who could advise Congress members. On new technologies. Not only new technology.

I mean, all kinds of things, right? So they could, you know, it would be helpful to have them during the pandemic. It would be easier to put together any kind of thing to deal with a global pandemic. New-king-rich fish-named ass motherfucker. But so what happens is Congress members often end up relying on lobbyists or the companies themselves to develop their own regulations and stuff. It's a fucking mess. So cool.

So what a time to be alive. Oh, yeah. It's great. I can't wait until the board ape yacht club is lobbying Congress to yeah, whatever the hell they're parties fucking cooler. That leads us into our next thing, which is NFTs Reese Witherspoon, ladies and gentlemen, Reese Witherspoon, you know, like the actress who is, you know, she's a great, I'm sure she's a wonderful person. I feel bad now that I've condensed her.

I think I think I put her in a corner. Punch up at, yeah, I don't. I don't know Reese Withers. She's done nothing wrong, but she tweeted. She's, can I read the tweet? Yeah, read the tweet. It says, listen up, ladies, James Brown is dead. It's no, NFTs are no longer a man's world. Beep, beep, get in losers. We're going minting NFGs. That is not, that's not what he says. No, he says

crypto is here to stay. I'm committed to supporting creators who have pioneered the NFT space and encouraging more women to be a part of the conversation, which is great. Oh, whoops, I was reading, I was reading a text that I had received from her. Yeah, that's me. That's me. That's NF. She's we're going minting NF. She's that's what she texted me. Me and Reese are friends, but so she was quote to eating someone else who said reminder that twice 100 reminder that twice as many men invest in crypto than women and men only make a women only make up 16% of the NFT market So she's trying to get more women into NFTs and crypto. Yeah, sounds great, right? But here's my thing I think she doesn't understand that crypt you know, you know all about the gender gap right the gender wage gap

Yes, women do be making less. Women are making less. And what you don't understand is crypto was all an op to close the gender wage gap. When this bubble bursts, we were gonna get men were losing a dollar to every 70 cents that women were losing on the crypto. Men were losing more. And now she's getting more women.

All she is inflating the price of these men's assets. Uh-huh. And she completely fucked it up. We had this plan. We were gonna get men to lose all their money and close the wage gap. Thanks a lot, Reese Witherspoon. These NFTs, they, they, I fully understand them now,

especially not so much their utility, I mean, I get the utility, but they are now, you really have to be like a Jordan Bell for type. And you have to have no shame and you have to be really good at selling yourself and selling just a thing. I even saw a TikTok. This guy, he's probably in his early 20s, talks about you can go on Fiverr and buy services from a graphic designer who will make you NFTs. You can pay like $70 to have this guy build you a website and then you can spend $100 creating a marketing campaign for yourself. Basically saying that all you have to do is put out

$550 and then you can start, be on your way to shilling NFTs. Like that's not, I feel like all these crypto bros, they're like shooting themselves in the foot because out of one side of their mouth, they're talking about this utilitarian approach to it and how it's going to like, it solves every problem and everything and it's so good for so many

people. But then out of the other side of their mouth, they're just pumping this crap with little to no shame and it's just annoying as all hell. Like, I'm getting very tired of, you know, it's this debate where, you know, you kind of saw it play out in these congressional hearings where on one side you have people going, it's rife with corruption, there's scams, there's rug pulls, it's, you know, it's confusing for people and then they're going, no, it's this new technology, it's going to set everyone free decentralization, it's good for everyone, democratizing finance. Yeah. And I'm so tired of it. It's like, all right, then do it already this new technology. It's gonna set everyone free, decentralization. It's good for everyone, democratizing finance.

Yeah. And I'm so tired of it. It's like, aren't they do it already? Show us. Yeah. That's, I mean, and that's what's funny about the crypto world is it's, it's, it's, it's just adjacent to libertarianism

and libertarians are wacky. They're just a wacky bunch. They like don't believe in government regulating anything. You don't need a license to drive. Are they wacky? Yes, they're very wacky. They're just a wacky bunch. They like don't believe in government regulating anything. You don't need a license to drive. Are they wacky? Yes, they're very wacky. Can we pull up the clip of the free market? We'll fix the roads and bridges. You coming as a pig. There's a clip of the from the Libertarian Convention where a guy says, what's next? Do I need a license to operate my toaster at home in the country? Oh. It goes wild. It's so good. But I'm pissed off about NFTs because I'm not cool

or shameless enough to make money on these things. I tell you not cool enough, but you are shameless. Thank you very much. I take that as a compliment. I am definitely not cool enough, but they're just, I just, I get, okay, there's a clip there. We got a link here the problem with NFTs. What is this? Oh, is this the the libertarian let's play the libertarian clip. It's too good That's John McAfee. That's the guy where he's always there

wires licenses for for too many things the government requires licenses this guy's broad cap is going to license for The government requires licenses for people to broadcast. This guy needs a license for those years. Requires licenses to get married. They require a license to drive. What's next? Requiring a license to make toast in your own damn toaster. Big cheers.

Absolutely not. Okay, this guy's greasy as hell. He's got big old ears. The biggest tears I've ever seen on a man. Yeah, he's, it's just, it's greasy as hell. He's got big old ears. The biggest tears I've ever seen on a meta. Yeah, he's, it's just, it's such a trick. God bless libertarians. I mean, their heart is in the right place, but unfortunately we live in the real world

where we have to share common space in. I think we gotta have some rules. You know where you don't need a marriage license? The metaverse, you see that thing about the guy, they just had their first marriage in the metaverse or something. It's like crap. Okay, so this guy has a great TikTok outlining the problem and this is a major problem.

This isn't just like him being a conspiratorial here. This is just a quick little touch on the problem with energy. No, but you're not proving anyone's point that you're not a no coin bitch, but go ahead and play it. I have $2 million in Ethereum. I create an NFT piece. I use my $2 million to buy my own NFT. I still have $2 million in ETH

and I also have an NFT piece that is worth $2 million according to the price history. I then sell my NFT to someone for only $200,000 or at a 90% discount. Now I have $2.2 million in Ethereum. This is a bad problem with NFTs for sure. By the way, do not do this. This is for educational purposes on- By the way, do not do this very easy scam that you're all literally probably doing all the damn time. Don't regulate this.

This is a good thing. And we deserve this. Like we is a society. We're getting exactly what we deserve. It's at this point where yeah, we got all these scam shit coins and NFT things and it's exactly what this is the inevitable outcome of just a greedy capitalist kind of just winner take all, fuck everybody else, society where there's people like the guy who bought the people thing

for $69 million is a bill, I mean good for him, honestly, seriously, guy from India, from nothing, just invested in Bitcoin every single dollar he could and he has a billion dollars now, like more than a billion dollars. He's the guy who bought the people thing. Right. So maybe don't listen to Ben. Also more.

Cry less. Also more, cry less, sleep two hours a day, hustle for 30 hours a day, Gary V. mindset. Always. Always. But like this whole, what pisses me off about it is this whole world is fueled and pumped by These very I would say out of touch crypto people who are shameless and who probably already have a ton of money And they're like creating this FOMO. They're always tweeting shit like probably nothing. Oh, yeah Look at this another NFT sold for four hundred thousand dollars probably nothing and Oh, yeah, look at this. Another NFT sold for $400,000. Probably nothing. And like,

wait, can we play the one? I know we've been playing a lot of clips, but this honestly, this honestly made me kind of understand the mindset. There's this guy. He's explaining a doge coin. I think we have a link here, crypto bro explaining a Ponzi scheme. Yeah. And so this, I don't know why it took me to song to get it, but so this guy is basically, he's basically talking about crypto and he's trying to get everyone excited about buying into Doge.

And if you listen closely, he inadvertently describes a Ponzi scheme. A Ponzi scheme. If we piggyback off of my first reason of community and now we have a goal, right? So the goal to get to a dollar, we haveback off of my first reason of community and now we have a goal, right? So the goal to get to a dollar we have everybody kind of encouraging everyone else to buy more Dogecoin because now it's like all right if I get it then I have it at a certain price If you get it you have it at a certain price and if we get more people to buy it the value goes up right

So as a value goes up, I make more money you make more money. They make more money Oh wow, so let's get more people to buy it and then the evaluation goes up and we all make more money. So it's one of those things where it's like, if we do that enough times, we can get to a dollar, which is a goal. So now we have a goal, those to a dollar.

All right, that's probably a nice one. Who are you gonna sell it to, dipshit? I know what happens when you run out of people. Who's gonna buy it at a dollar from you numb nuts But now I get the kind of insane defensiveness I get why people light us up in the comments and they're like you guys suck like fuck you crypto as the future because if Because it's now actually people don't keep getting in their little

investment is done everything relies on more people getting in. Well, and I think what's wild about it is that we've reached critical mass. And what I mean by that is, there now are enough people involved in getting pulled in all the time to keep this thing going, to keep the music going. And who knows when it'll stop if ever?

Cause I mean, think of all the young people out there who are just starting to enter the workforce and are like online perpetually and they see this stuff and they, their little greedy brains go, ooh, I want to get rich quick too. I want to buy Shiba and I want to buy Doge because I've seen, you know, just. Shara Paka!

Shara Paka! I just, I mean, we were talking about those, there was the talking about those, there was the articles about the, there was younger, younger wealthy people, who normally would, when they start making a little money, would go to financial advisors and talking about where they can put their money to make sure their money keeps growing, are now for going for financial advisors,

because when they talk to financial advisors, they don't have any plan to invest in crypto at all. And they're like, that's stupid. Everyone around being seeing these insane returns on crypto. And you're going to just put my money in these like safe stocks. Yeah. And so financial advisors are kind of having trouble tapping into these younger, wealthier millennials who are coming into some money now. Those poor finance. Well, once someone think of the financial advisors. There is money.

Oh, I'm always thinking about them. I'm thinking about them. My favorite clip though, this is just, this episode is Clip City. We got this guy. Hey, it's Christmas time. Play a little clip. We got this guy.

Merry Christmas. Here's, this is perfectly emblematic of not only the very real FOMO that people have, but just this guy's whole thing is just such a crypto. His whole life is clearly crypto and he's obsessed with it, probably because he's made millions of dollars from it and good for him, honestly. If you're out there and you've made money from this, good for you. I'm not mad. I'm not jealous. I'm like, damn, I wish I had done that. I made a little money off crypto, but not fucking millions of dollars. No coin pussy. And I'm like, I'm like, on the one hand, it's like, God, I wish I was in this position

where I was obsessing over what he's obsessing over because what a nice life that must be. So let's roll this through the billboards. I got my billboard. Don't be so great Here he is Guys, I'm like I'm having some kind of mental breakdown when it comes to these NFTs like I've just I've just completely lost to my shit like Someone someone suggested to me. It was it was good. I was gonna take it to my brain said I was just saying like very like what is good in a piece to buy He's flashing water out his face is and I start looking at these fucking scissors and it's like it's like 40

Thousand dollars broke pair of scissors and for some reason my brain is telling me like yes Yes It's a fucking bargain And I'm just like, I just, I just don't understand what I'm fucking doing myself anymore It is my shit Sometimes I just wet, I like if I'm doing a dumb trade, if I lost my mind, I wet my face, I don't just understand Wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait't understand, that's okay because like, I don't know, like I fucking need these scissors, so I'm just sitting down and then someone suggests something else.

And then I start looking at the next fucking dumbass shit and it's like, yeah, look, oh, yeah, this is fucking good, this is good. So, I don't know, I need to, I need to talk to someone, I need to fucking help line of something because this is gotten out of control now. This is, yeah, no kidding, man. Try explaining to your World War II veteran grandfather what this means.

Like, hey, yeah, no, he's buying a $40,000 picture of scissors. Oh, yeah. But I get it. There is some very, very cool artwork out there that I understand that just by virtue of the fact that you paid a lot for it, it kinda makes it cool. There was one NFT that sold for like $7 million.

And I can imagine a world in which, you're at a party at this guy's house and he's got it on display and some holographic thing. And you just know, like, damn, I paid $7 million for that. I wouldn't necessarily think of it as like, that guy's a fucking moron. Yes, I would. But at the same time, I'd be like,

damn, I wish I had $7 million to blow on a fucking moron. Plenty of, you can walk into any rich person's house and see bad art that they paid, you know, way more than $7 million. There you go. So it makes sense that as we are becoming a more digitized, digitized society, that it would leak in that kind of...

I'm fine with that. I think it's just the fact that, you know, there's not people like screaming at me on the internet, like, bad art is the future. We got to go buy bad art and put it on our wall. And it's all the pixel art for some reason. They just do it in private and they go hang shit on the wall. Yeah, go to tell me when I go to their house and I go great. I'm happy for you. Yeah. Nice. Cool. Nice jacquim. That's a sculptor. He's a

Very prolific very expensive sculptures. Do I know? No, are they nice? Yeah, they're the tall very very tall all black Like figures just like walking and shit. Hey, Emil, can I tell you something? I have to go potty. Are you serious? Yeah, I know that we're, like, about, I have to go pee so bad. Can I go pee?

Sure. You mind if I go pee? I guess all that I can. Okay, just because... Hey guys, we want to take a quick break to think the sponsor of today's episode, Cameron Hughes Wine. What if you could get world-class wine at an affordable price? Delivered right to your door in the safety of your own home.

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Yeah, there was a guy banging on my gate and I said, what's the problem here? And he said, I got a checkered ID. There's wine in this thing. I opened a big box of wine and bringing them to wine parties, dinner parties, everyone's loving me. Oh, thanks for the invite. Go to ch1.com today to get 20% off the already great prices and I'm sure you've already seen it. I'm sure you've already seen it. I'm sure you've already seen it. I'm sure you've already seen it. I'm sure you've already seen it. I'm sure you've already seen it. I'm sure you've already seen it. I'm sure you've already seen it.

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no pun intended, sorry. Of the unvaxed sperm trying to become the anti-vaxed Bitcoin. The latest coin you can get in on. Yeah, come, come coin or whatever, what's it called? New, new Bitcoin. Oh, I thought it was a nut. Oh, is it nut coin? No, new, new Bitcoin. Oh, I thought it was a nut. Oh, is it nut coin?

No, maybe it is new. Jesus, these people. I see. So we've got a, you know, a rag tag group of guys who they've come together over the idea that unvaccinated sperm might be worth a lot of money in the future. So I think it's to fund a Dow.

They are a, a, a, a Dow, a Dow, which is basically it's a decentralized autonomous organization. Yeah. If you thought organizations were cool, wait till you see the decentralized autonomous version. Yeah. You wear you for the simplest terms, you know, a company goes public or is a private company, you have investors who pull their money and fund a company. Same principle applies with the Dow. It's like if you got money, you can all pull together and everybody has like a share in the company, right? Via token and whatnot. And that's why I think it's getting so confusing

with the confusion around whether or not these are securities. Yeah. Cause that's basically his security. I definition a lot of these things of securities, which is why Gary Gensler wants to treat them as such and regulate them. So these guys got this unvaccinated sperm coin. And look, you guys, I'm gonna be honest with you. I bought in heavy on unvaccinated sperm. I thought Candace Owens was gonna back us. She backed out at the last second. We were

supposed to skyrocket. We did go up a little bit. I didn't dump all these guys dumped. I'm asking if you guys can please buy Unvaccinated sperm coin. I'm real deep. Yeah, you need to. And look, it's not just about Unvaccinated sperm, all right? We've got other things.

We're gonna raise money. We're gonna donate it to things. We've got a party plan for January 6th. Anything you can do, please. I need you guys to get in on an unvaccinated sperm. It is, I didn't know this. It's an offshoot of SafeMoon, which is a cryptocurrency that went viral earlier this year, thanks to Jake Paul and Keem Starke. Should we close out? We've been talking about crypto. That was, that was, should we move on to, um, can you play the, let me... Can you play the animation real quick?

We need the animation to end out. Thank you. Too. Oh, my God. Did you know that Apple is now worth more than the entire German stock market? I have a lot of experience with Germans. I used to work at a German visual effects company

here in Los Angeles. They're based out of like Hamburg or something, but they had an office here and shout out to Frank. Hey Frank. Shout out to all Germans. That was born in Germany. You were born in Germany? Yeah.

Wow. But that's something that we didn't get. Oh, you're gonna give us a little pellet. Yeah, you guys can get little bread crumbs and pieces together. Well, so I worked for this German VFX company and the owner was this really, really sweet man and this VFX company made all kinds of like,

you know, it was movies and violent TV, you know, VFX crap, that's cool. That's cool and stuff. It's German, yeah, it's very masculine, hyper masculine. And basically, I have a couple of points here. There are two types of German men. There are the German men who speak like this. There are the very monotone and I worked with one,

his name was Max and he spoke like this. And one time Max played a joke on me. I was fresh there. I was one week into the job. And there was this producer down the hall who wasn't in that week. And she had candy on her desk that she once offered me when I first met her.

She's like, come in anytime, take candy. So she was she once offered me when I first met her. She's like, oh, it's coming anytime, take candy. So she was gone and I went and I took some candy and I went back to my desk and I'm eating it and Max is like across from me and I just see his head perk up from behind his monitor and he goes, where did you get that candy? And I was like, oh, I got it from Angela's desk and he goes, oh, I would not have taken that if I were you.

And then he like sat back down under his monitor and I'm sitting there freaking out because I'm new and I'm like, oh shit, what did she have cameras in there or something? 90 seconds, I'd he pops back up and he goes, I was just kidding around, by the way, there's no problem with taking the candy from her desk. I'm sure she's very nice. I was just like, okay, thanks Max. You know, Germans don't nervously laugh. Yeah, that kind of track. You know how Americans like, oh, oh, oh, oh, right.

Like even if you say something stupid to like a cashier or whatever, they're gonna go, ah, yeah, yeah, they just don't. Germans don't. Well, the other type of German man. The other type of German was the owner. And his name, I'm not going to say his name, but he spoke like this.

And I asked him one time, I said, Hey, what's, uh, what's your, cause he's doing all these blockbusters with action and guns and space stuff. And I'm like, so what's your favorite moving? He goes, hmm, notting Hill. Wow. Notting Hill was a favorite movie. he was very sweet. His wife worked there and every time I would walk past her office, she would go, oh, Ben, come here, come here, sit down. And we would talk. He was very sweet. Wow, yeah.

I'll tell this to the people too. What? I'm a freak for romcoms, like old good romcoms. Yeah, oh, they're fantastic. Love Notting Hill, for Weddington and Fero. Except for the Christmas one that's very stupid. Oh, the fucking love actually. Love actually.

It's terrible. Trash. Not stealing your best friend's girl on Christmas knowledge? Trash. While you're home. But we wanted to touch on Elon's new shitty haircut. Can I say something? This guy, every week I go, we're not gonna talk about him.

And he's completely controlling every new story. It's like, because he's a narcissist, like on a scale that the world has rarely gets to see, but I also think it's purposeful, right? I think he wants to control the news narrative. I think he wants. He loves to think that he's a genius. I mean, sure, he's a genius in at some level, but he's not nearly the type of super genius that everybody, all his fanboysboys think am I a hater?

Hell yeah, I'm a hater because I think he sucks ass and he's boring. Well, you know who is a genius though me the guy who did his hair plugs my goodness. His hair plugs. Oh, that's right. Yeah, cuz he was losing hair and then he's never see that PayPal picture of him. Just like But like now he's got these beautiful hair plugs. Look at him, he can shave the sides, he can do this quoft. Yeah. How do you think he's gonna die? Look at that. Yeah, look at that.

The pornster. That is what being the richest man in the world will do for him. He looks like Mal. What's the Chinese dictator's name? Malziedong. Malziedong in the left photo, and then on the right, he looks like a, he does kind of look like Mal. A handsome cousin of Arnold Schwarzenegger.

You think he got like face work, too? I don't know, who cares? I just wish he would shut up. Oh, tell you. Yes, shut up. You're on my ass. I wish he would shut up, too. So he, I think the Wall Street Journal

had this thing called the CEO summit this week. And he was obviously, you know, running in a stupid fucking mouth. What was he saying? Well, so the first, cause they're still figuring out the build back better plan and there's all kinds of environmental stuff in there and he said we should just can,

we should just can the whole bill. We should can all government subsidies and he's being a real... Oh, after Tesla already got all their help from clean air, rebates, or whatever. And he's talking shit about like, you know, oh, you know, because we're gonna build a charging network. We've said that one we've already done. We've set aside in the infrastructure package. We've already set aside the money to build out a...

A charging infrastructure that is outside of Teslas, which is very all-encompassing, and you can now drive across the country and use Teslas. Can you use Teslas charging network if you don't own a Tesla? Not yet, but I think that was his plan to open it up to people. I think he wants to be the charging network. And he had this,

You have enough, you ditch, you dick, excuse me. And he's just gaslighting everyone. He had this line about like, we wouldn't subsidize Gastations I'd like to play one too He's such a shit. He's just dead eyes. He's just got dead coal. He's just he's also just dead wrong He's just he likes to say these things His little fan base gets all riled up

and he says these things. When you're talking about fossil fuel subsidies, the American government is paying like $28 billion a year. I mean, we've made the, it's possible for cars to drive across like the interstate highway system. And he also, I mean, his whole thing,

he came out originally as this utilitarian, egalitarian, whatever the word is I'm looking for, being like, we wanna just, my goal is just to help the world and save the world and clean energy and all that shit. So then why would you be opposed to this? You should be celebrating this. You should be celebrating this because it's gonna hurt Tesla's market share.

Yeah, I think he's feeling the pressure. There is now gonna be a ton of competition within the electric vehicle space. He was first to really come out strong. Blown me. You know why he's really pissed? Because, see. Because that haircut?

Probably. So, you know how there's a subsidy for, like you can buy, when you buy an electric vehicle, you get a subsidy. I think it's up to like $7500 or something like that but it only lasts until that company sells their 200,000th car. Interesting. And Tesla has sold their 200,000th car it doesn't apply to them anymore. Really? Yeah. I think like 2019 or something or 2020 they it's been over a year that Tesla has not.

And they also benefit from other government things. Yeah, because they sell their clean air credits. They've skated by the skin of their teeth, whatever the fuck that means, because there's ain't no skin on your teeth. But they've had good quarters that otherwise would have been bad because they were selling

clean air credits to the dinosaur automakers who are now no longer really going to be needing to buy them probably at some point. I don't know, I need to refresh my- Because they're going to be making their own electric vehicles. Yeah, which is great. I mean, not only that, he's skated by on government subsidies. It's crazy that he's talking about SpaceX. I think I'd have to look it up, but almost so much of their

businesses from government contracts. But that's not a subsidy. That's an actual contract, right? Right, but I mean, without them, they don't exist. Sure. He's already crying about how they're going to go bankrupt. Yeah, he's got a lot to cry about. He sucks ass.

And they're talking about biting the hand that feeds you. Yeah, and he's just such a troll. Like they're, I don't even want to give it the attention because it's, but they had it. I just wanted to say, don't let this guy fucking gaslight you. Yeah. Like look into what these guys say.

He's got a pretty crazy fan base. And they're, they're rabid. They're, and they're, they're, they're in the Venn diagram with the crypto bros. They're in the same universe. And you know what the most annoying thing is? Before this comes out, he's already gonna have done another new annoying thing

that people are talking about. God, I wish he would just shut up and go away. Just ride the, he should be the first man to go to Mars. Go, give it a shot, buddy. Give it a shot. Oh man, what about his, we never even talked about his solution to traffic. Oh, yeah, oh, that'll come out when we do our e-line episode. His solution to traffic.

We'll just move it all right. Yeah. We could talk about the minimum wage real quick. I mean, it's just something to keep an eye on. It's not happening yet, but California, they're going to be pushing for this guy, Joe Sandberg. Do you know him? He's an investor. No. Oh, I'm like, uh, I'm like an American guy who meets a foreigner. They tell me where they're from and I go, Oh, do you, do you know the one person I know from that country? And they go, what are you stupid? It's a fucking huge country. Yeah, I know, Joe. Yeah, he's from California. He's a investor. I think he made a bunch of money on Wall Street and then he,

like, now he does VC and some activism stuff, but he's bankrolling the initiative to get California raising it's minimum wage to $18 on the, Hell yeah, brother. On the 2022 down. Oh yeah. That's gonna be all the McDonald's workers, brother. Ringing that register.

I'm excited. I want people to get more money Me too. It'd be cool. I wanted I want to get I want to get some federal protections on the books I don't know if that will ever have we had we had our opportunity this year. Yeah, Kristen, Kristen, cinema Girlboss that down. Yeah, she sure did You know last time you know the last time the federal minimum wage was raised, when I think it was like 2007 George Bush signed up to him. Oh god damn, and he did nine eleven. He did famously do nine eleven. What's the effect of this? Why does it matter? What was the effect as people make more money and and you know,

you got to wonder, oh, how would that affect the stock market? A federal minimum wage raise would probably affect the stock market. But even then it would probably only affect individual stocks more than the actual market, a federal minimum wage raise would probably affect the stock market. But even then, it would probably only affect individual stocks more than the actual market. I would think that it would affect retailer stocks like Walmart target where you've got tens of thousands of Amazon, we've got tens of thousands of employees. But then again, also whatever reaction the stock market has initially, like I've said before on this fine program that we've got here, it would be processed and understood and priced in probably way faster than any time in history, days, weeks, because it's understood. It would be baked in.

So if you're out there thinking, ooh, I'm smart. I know a raise in the minimum wage is coming. I'm gonna buy puts on Walmart or something. Don't do that, save your money. Cause everybody is thinking the same thing. Days, weeks, years before you have. And there's so many other things that affect a business like that than just minimum wage going out.

Right. But I do think it'll have a big positive impact on the economy and maybe tax pay. Absolutely. You were just talking about Walmart. I think it's Walmart and other big companies like McDonald's, they have the highest amount of employees getting minimum wage.

No, hourly. Getting help from the government, getting subsidies in Medicaid, food stamps, all these things. So you can push employers to pay their employees more, and they don't have to be reliant on the federal government for these subsidies anymore. Yeah. And that's, you know, the taxpayer doesn't have to subsidize higher wages, basically, yeah, for these low income employees.

That's a huge boost. That's a big boost. But I do think it would cut in, I imagine it would cut into shareholder. Yeah, it'll cut into shareholder profits. Fuck him. Because I mean, enjoy it in enough this long. Walmart's like a $300 billion company, Crimea River. They'll work it out.

Should we wrap it up? Do you want to go into the, the, the, we had a lot of comments asking what books you're reading, what recommendations you've got. I need to make a list of myself. I know one I can think of as the intelligent investor is like a really boring, it's like a tried and true classic that everybody always. I'm gonna start off with the one I said already because people have been asking like what it was called

because I guess I, you know, maybe had a little mush mouth when I said it, but it's a great, it's super fun. Ben just started off recommending a boring one for some reason. This one's great. It's called Chain of Title by David Day and it's about the 2008 financial crisis, specifically about homeowners and what they went through. But it's really great.

He's got an explanation into the history about the securitization of mortgages. I think it goes into some regulatory history how we completely fucked ourselves. Oh, he talks about my all-time favorite Larry Summers. So it's a great place to start. If you want to get more information on what some ordinary people went through. Yeah, if you know how to read, check it out. It's a great place to start if you are if you want to get more information on what Some ordinary people went through. Yeah, if you know how to read check it out. It's really good. Yeah, if you don't know how to read

Well, you got bigger bros. Yeah, but that one's definitely worth it. Yeah, I and yeah, as I said I've got very little to nothing. I need to get some Book recommendations for you for you people out there. I think we out of, I'll keep recommending some. Yeah, keep recommending some. You book, bookish. I'm a little nerd, nerd. You're a little freaky, like a, much as I'm a freak for tasks, you are a freak for books, sir.

I like reading them. That about, does it for this week's episode, be sure to like, comment, subscribe if you haven't. Go to all our socials, follow, comment, share, repost, sorry to all the crypto bros. We're just having fun. Yeah, thumbs up this video. Please share it with a friend. Please. And we'll see you next week. Bye bye. Bye. week. Bye bye. Bye.