The Trillionaire Mindset - 12: Exposing Insider Trading

Episode Date: December 20, 2021

This week Ben and Emil discuss insider trading, reveal the members of Congress taking advantage of the system, and reminisce about their favorite First Lady, Nancy Reagan.  Links: Business Insider Article: https://www.businessinsider.com/conflicted-congress-key-findings-stock-act-finances-investing-2021-12 Nancy Pelosi Comments: https://twitter.com/townhallcom/status/1471153762056216582?s=21 3-D Printed Pod: https://www.nytimes.com/2021/12/16/world/europe/suicide-pods-switzerland.html AOC Tweet: https://twitter.com/aoc/status/1468398015161552899?s=21 Tornado Victim Conversation: https://twitter.com/MorePerfectUS/status/1470513075489054720 Listen on Apple Podcasts: http://apple.co/trillionaire Go to http://public.com/TRILL and you’ll receive a free stock once you open an account *This is not investment advice. Offer valid for U.S. residents 18+ and subject to account approval. See https://Public.com/disclosures/  Go to https://HAWTHORNE.CO and use promo code trill to get 10% off your first purchase. Try 5 pairs of glasses at home for free at https://warbyparker.com/mindset. Home Try-On Kits are US only. No international 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.*

Elon Musk is king. He's king. He we like dogecoin dogecoin to the moon Bitcoin Bitcoin solves this Bitcoin solves it Bitcoin Bitcoin 100 million you're gonna be rich there. You say you happy now. Are you happy? Just buy the dip just buy the dip So Elon Musk. I love him. He's so funny. He's so funny. I just love him so much He's gonna save humanity. He's gonna save humanity. Why you mad at him? He is right. He is right Someone broke that's a revolutionary Tesla he he Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha We're starting off on a good note. Oh boy, that's going to set the tone for the whole show. Because we got stuff to talk about.

We're going to be good. We're going to set the tone for the whole show. No, because we got stuff to talk about. We have a lot to talk about. We're going to get this week. Check the disclaimer in the box along with all the other stuff in the box. Check out the follow us on stuff. Follow this stuff in the box. Yeah. Yeah, yeah, yeah. Let's get it out of the way.

Smash the like button. Smash the like button. Smash it. Break your computer. Quit your job. Go rate us anywhere you can rate us. Rate us. Yeah. Spotify. Spotify just added can rate us. Yeah, I on Spotify. Spotify just added a rating option.

Yeah, and check it out. If you leave us a good five star rating. Be coming to your room at night and kiss you. That's true. We give you a big kiss on the forehead. Five stars for a kiss. Yeah, a little pat and a kiss. That'll be my task for the week is to come over and give you a kiss.

You're going to have so many people to kiss. I'm going to have so many people to kiss. Yeah. Man, I hope I don't run out to kiss. I'm gonna have so many people to kiss. Yeah. Man, I hope I don't run out of time. I'm gonna be on Santa mode. Yep, you are Santa. At least you don't have anything to do on Christmas though. No, I don't.

I really don't. That is the thing a lot of people don't know. Santa Claus was Jewish. No, he wasn't. He's German. He's the, I literally the opposite of Jewish. There was a lot of German Jews. There were.

There were. But now where are they? If Santa Claus wasn't Jewish, how would he work on Christmas? Whoa. So dude, you just blew my freaking home with Mrs. Claus. That's true. And all of this. Yeah, but nobody wants to be home with their wife. Right? At least of all Santa. And all those helps. I was having a meal with a friend down in Long Beach and there was a guy walking down the street dressed as Santa saying, ho ho ho, and doing the whole thing and taking photos with people. And he said some weird stuff to me and her.

Like racist stuff? No, not racist stuff. Anti-Semitic stuff? He just was, he just was, he said something about us having kids together. Just, you know, being an old guy, well, when you do have kids, oh, like in his Santa voice, yeah, like calm down, Santa. Jesus God.

Do you watch the, uh, succession finale, man? Oh, I watched spoilers. Don't, don't, if you got a fast forward, fast forward now, man, I can't believe they all died in that plane crash. Before the first episode aired, we were joking about spoilers and we said everyone died on a plane crash.

And it is funny because everyone was on a plane for most of that episode. In the finale? No, in the first episode. Oh, yes, yeah. And I'm wondering if we got anyone like Jesus Christ this plane is gonna go down. I'm just glad that they didn't write COVID into the plot.

Oh, great. So, such a relief. Because another HBO show I've been watching, like Jesus Christ, this plane is gonna go down. I'm just glad that they didn't write COVID into the plot. Oh great. So such a relief. Cause another HBO show I've been watching, which is, and just like that. Oh yeah, yeah. I watched it just like that too, the sex and the city thing.

It's so bad. And out of times they bring up COVID, it's like, okay, we don't have to keep reminding us. Yeah. And if you're gonna write it in, don't have like no mask anywhere. They like act like it's completely done. And that like a new variant isn't fucking raging on.

It's weird. And they're just like, oh, glad that's done. And then they have all these, like, oh, another spoiler. It's all right, we already told them. But all the people piling into a funeral, all these old people piling into a funeral.

Yeah. Spreading Omicron all around. Oh yeah. Omicron. It's blowing up in New York. Everyone's got Omicron. Everyone's got Omicron. It's blowing up in New York. Everyone's got Omicron. Everyone's got Omicron. I kind of want to get it just so I don't feel left out.

I've been seeing memes of like Squidward looking out his window and seeing SpongeBob Patrick playing and it's like me without Omicron. It's like my friend is going to be on Omicron. Oh boy. Hey, we also wanted to talk about, you know, we hear it to Trillian Air Mindset episode 12. We read the comments. I enjoy reading them when they're positive and when they're negative, I'm still like,

yeah, well, you know, shut the hell up. Your opinion is wrong. But some people were saying that they want us to shut up about Elon Musk, which is, sure, listen, we get it, but also shut the fuck up. We want to shut up about Elon Musk. We do want to, but he needs to shut up about Elon Musk, which is, sure, listen, we get it, but also shut the fuck up. We want to shut up about Elon Musk. We do want to, but he needs to shut up first. I don't know if he was just going to Mars already. Yeah, just go to Mars and give it a shot, Pat.

Look, it's a show called the Trillionaire mindset. And he was just named Man of the Year. And look. We're happy for him, but he's the richest man in the world. He was man of the year. He does stuff. We got to talk about stuff. And he dicks around on Twitter and he really succeeds at what he does best, which is

trolls and he, um, he's always in the news. So it's pertinent information that that we can't help but not cover. And we try to stay subjective as possible about all things while inserting our very correct opinions about these things. And so on and so forth. So if you don't like it, that's too bad. I'm sorry. But also if you feel the need to come to the defense of the richest man in the world, shut

up. Check yourself. God damn. Just. He'll be okay. He'll be fine. He'll be okay. I'll be fine. He'll be fine if we if us two morons We to is it we to we to morons look we made a promise

We're never gonna correct grammar on this podcast. I want you to correct my grammar if I get it wrong Us two morons we to morons Us to morons we to morons Let's go. He's I think it's from beating the beast. The candle sing that. You know, a lot of people have also been asking about what's the deal? What's the deal?

What the koala? What the dog doing? It's not a dog, but it's a koala. The koala is, I think everyone gets it. It's the... Gladys Berjickley. Gladys Berjickley, because she's a koala killer. And I'm famously not.

This is my best friend. Because you look like Gladys Bergeykli. Gladys Bergeykli. Because she's a qualicler and I'm famously not. This is my best friend. Because you look like Gladys Bergeykli and also known as the koala killer, the politician from Australia that Australians hate. Yeah. And also, it was a means for you to touch the koala instead of the mic stand. Yeah, but now I just do both. Yeah. That's great.

Good for you, pal. So we got a fun episode today. We got to talk about I wanted to lead off I'm I'm bummed out I'm pissed off. There was a what happened. I don't know if it's because of the new Twitter CEO but some conspiratorial minded people online would have you believe that this is something that is very intentional and it kind of does make one scratch one's head and say, huh? Which is that they banned two pretty big Twitter accounts.

The first one was Gilaean Maxwell trial updates, which I can't imagine that it would have violated any Twitter rules, but that's an one's, that's an interesting one. That's a head scratcher for me. And not even a head scratcher, it's just kind of like, I guess we all kind of collectively know and understand that there are some bad eggs out there. And boy, P.U. do bad eggs stink. And what do you mean?

What was the other one? What was the other one? The other one was the Nancy Pelosi Portfolio tracker right and for those who are unaware Nancy Pelosi is the current Democratic Speaker of the House She is a very very powerful politician Some of the people don't know Some people don't know they know Nancy Pelosi who's like a 900 years old not Not to be confused with Nancy Reagan, who is dead. Don't game crazy.

Don't game crazy to quote what's his name? She or don't game beyond. To quote William. Yeah. What was what? What did he say? On three stages mode. Yeah.

No. Uh, anyway. Yeah, we all found out, I guess I didn't know you had to fill me in that Nancy Reagan liked to slob on a knob from time to time, especially the entire executive team, the executive suite rather at MGM studios. She sucked you off too. No. I will say before we are going to talk a little bit about insider trading, I do want to just get this out with the audience me and Nancy Pelosi and Diane Feinstein, date everything in the 80s. But I can see that. I'll still be an objective

commenter. Okay. You there will be no conflicts of interest here. No, you will be objective. Things end to day. Despite you having apparently a threesome when you were a baby with two lady politicians. Okay, that's going to be a hum from me to you, Emile. They were still probably so old in the 80s. Bra! I love the new soundboard. Just so everybody's aware, I've got this, this is fart one. Broom!

Ha ha ha ha! Here's fart two. Broom! Ha ha ha! We got bras you just heard and then there was what the dog doing. Okay, that's probably all you're gonna hear. But anyway, Nancy Pelosi portfolio tracker, there's a meme on finance Twitter or. But I do think they were fucking around.

So I think both of those accounts were fucking around. They weren't just like on the up and up. They were kind of right. We had to look it up. Uh huh. They moved over to Gab. And I think there was a thing with them buying followers and breaking the rules. Yeah.

Otherwise, yeah, sure. But yeah, I went over to Gab to check them out, which I don't know exactly what that is, but there was a lot of. Yeah, it is right wing free speech Twitter. I think that was parlor. Parlor is right wing free speech Twitter. Okay. Yeah, there's two of them. Yeah, because there was a lot of like re re gabbing. right wing free speech Twitter. I think that was parlor. Parlor is right wing free speech Twitter. Okay.

Yeah, there's two of them. Yeah, because there was a lot of like regabbing picture one news and stuff like that. That's my trusted news sort of. I actually subscribed to Freedom Eagle. But yeah, it pissed us off when we first heard that they were shut down. Yeah. Well, there was a couple people who, so we were jokingly talking about on the first episode we ever did and

some people had reached out to me and we're like I started I started following Nancy Pelosi's trade and trading on whatever she's buying and I'm up like 20% or whatever. So in the finance Twitter world aka Fin Twitt Nancy Pelosi is lauded as the best trader of all time. Because prior to 2012 with the stock act, which stands for stop, you can do it. Stop trading on congressional knowledge. Yeah, stop trading on congressional knowledge act passed in 2012. Prior to that,

members of Congress could freely and legally trade on inside information. And what does that mean? It means information that they are privy to that we, the investing public, are not privy to. And they could enact or execute trades buying and selling of stocks based on that privileged information.

How we went as a society, as a nation, up until that point blows my mind. And for, there were a couple big examples. There were some senators and members of Congress who liquidated all of their stocks after having private meetings with the secretary of the treasury and the Fed chair at the time before the 2008 economic crisis.

So that's a big example of them knowing before the rest of us did. We're able to get out, but then Obama helped usher in this stock act. You know what it was? It was a big, it actually came in the wake of a, I think it was a 60 minutes article about Pelosi. Yeah, she was part of it, but it was about congressional trading in general.

So, yeah, it's taken a long time. The first, I think the first insider trading rules were way back in the 30s when we had the Securities Exchange Act. And then, you know, even insider trading among corporate executives, directors and officers is still pretty commonplace, unfortunately. Yeah. But there was nothing on the books for Congress people as you're saying. Yeah.

There's, it's gotten a lot more mainstream and popular now, but there are services that track unusual options activity. So you'll suddenly see huge swaths of call options go off, meaning that you're someone out there thinks they're positioning, it could be hedging, but more often than not, it's probably someone who knows something. I can't tell you how many times you'll see massive options positions go off. And then a week later, two weeks later, a month later, some news occurs in, you know, that person knew somebody always knows. That's, that's the thing. Somebody always knows. And it's, it's frustrating because the Securities and Exchange

Commission is woefully underfunded. They're stretched then they can I'm so sorry I'm going to be trying not to burp this this episode or at least I'm going to keep them silent. But so in 2012 we got we got the stock act and we fixed everything right. Well, it's all good now. No, I'm I'm being facetious. Oh, okay, sorry. Oops. Emil, yeah. Well, it did kind of do something. It didn't. Well, it did in the sense. Do you know how many people we've prosecuted

under the stock act? None. Exactly. Zero. Do you think that's because they've just stopped breaking the law? Well, they, so they are no longer allowed to do that. So they're, they're not trading on privileged information.

But insider knowledge legally pertains to knowledge about specific companies. So for example, they couldn't, if Nancy Pelosi knew something, knew that Nvidia, or knew that Microsoft was about to receive some major pentagon contract, she couldn't buy anything pertaining to Microsoft, right? Because it's specifically about Microsoft. But if there was legislation that generally affected, let's say semi-conductors, she could buy Nvidia, no problem,

because it doesn't pertain specifically to Nvidia. Insider knowledge is, and I mean, one of the hardest, one of the hardest, individual stocks. One of the hardest individual stocks one of the hardest things about this is that you have to prove that they actually traded on non-public information right and so what's the stop anyone from going wow just reading the news and it seemed like yeah a good time to buy yeah right so you have to show they had an intent to trade on this non-public yeah and not only that but there was an article,

I won't even bother calling it out or looking at it right now, but it just came out like yesterday as of this recording about how congressional staffers who are also there under the stock act, part of the thing with the stock act was, I believe that before they were still required to disclose their positions, but it was only once per year.

You only had to do it once per year, but now it's 45 days. Well, now it's 45 days after I think every trade. So, I think it's gotta be over a certain limit. Gotcha. But no one is... Well, people are doing it, but here's the thing. Some, I can't remember, a business insider

or someone did this investigation into this. That's why we're talking about all this. People should go look this up. It's ongoing as they've been working on this for, I think, five months. It's wild. This article about the staffers. The insider, it's not just the staffers.

So they took thousands of pages, look through all of these trades, it's wild. Well, first of all, they had to access it, which was a big pain in the ass. They had to go, you can't get it online. And that's by design, you have to go in person and like scroll through thousands of pages.

And these people probably don't even know what they're necessarily looking at, but it's wild. Right. So it's not only the, uh, we're going to have to take that away from you. No, we're not. So it's not only the Congress members, it's their staff, too, who are obviously privy to a lot of information.

Yes. Uh, they're only required to do it after above a certain threshold, right? I think so, but it's not that. Oh, yeah. I think if your salary is above 130, right? Payscale, but it's not that, oh yeah, I think if your salary is above 130,000 or something like that. But people should look at this business insider, they've got this wild tracker, they've got all of Senate and the House of Representatives and they're all green, yellow or red.

Green is solid, they're abiding by the stock act requirements, yellow is their endanger of violations and red is that they are actively violating. But it's insane. act requirements yellow is they're in danger of violations and red is that they are actively violating. It's insane. There's plenty of congress people who have not been keeping up and have been filing late and there's no repercussions. What are they going to do?

Turn the subs in. I think the penalty is like a $200 fine. It's absurd. Right. The fine is not gonna affect however much they're making in these things. No. But it's wild. If you look at, you know,

the stuff that these Congress members are holding, so they, they relate it back to, you know, the committees these people are sitting on, the stuff they're saying in the news. So you have, you have people who are actively railing against, you have like democratic lawmakers, actively railing against fossil fuel industry and stuff, and they've been looking at their holdings

and they're like, okay, well, they hold a bunch of fossil fuel companies. There's people, you know, talking about how Facebook's too powerful and they're invested in it. You have people who are supposed to be making decisions about foreign policy and they hold defense contracting stocks. Yeah, there's the amount of corruption and money in politics and outside influence at this point is so overwhelming.

It just feels sad. Like, where do you even, these are the people who are supposed to make the laws that govern everybody and to and themselves and, I mean, even the stock act, they're saving face by passing it, but then they're barely even abiding by it. And let's be honest, there's obviously rules around it. And it's also you can abide by the stock act and still be doing shady shit, right? I think like Nancy Pelosi is in the green. She, I mean, and Nancy Pelosi doesn't trade herself.

She has her husband and her husband. That's what's funny about the the fin-twit meme is that everybody also knows that it's her husband doing all of it. So every time it comes up, she's like, well, I don't even know about it. It's like my husband and I'm's funny about the the fin twit meme is that everybody also knows that it's her husband doing all of it. So every time it comes up, she's like, well, I don't even know about it. It's like my husband and I'm sure they don't talk about this stuff. Oh, I'm sure that they don't. Yeah. No, on the up and up. Yeah. But I'm sure she's very good about the rules. She reports when she has to report and but no one's doing anything. It doesn't fucking matter. Sure. Right. She knows she's not going to get into any trouble. She just was asked the other day. Do we have that tweet? Nancy Pelosi on December 15th

was asked, should members of Congress and their spouses be banned from trading individual stocks while serving in Congress? And this was Pelosi's response. five months investigation, I think that 49 members Congress and 182 senior congressional staffers have violated the stock act, then by Draynloch. I'm wondering if you have any reactions to that, and secondly, should members of Congress have thousands, the ban from trading into the dual stocks while serving in Congress? No, I don't know to the second one. Any, we have a responsibility to report in the stock on the stock, but I don't I'm not familiar with that five a month review, but if the people aren't reporting, they should be because this is also, you're talking about a free market economy when you're talking about lawmakers

who are making decisions on this stuff, buying and selling stocks. It's deeply frustrating. Based on this, this is, it's unacceptable. I mean, there's, we need so much change in, in who is running the country and who's making the laws. First of all, it's really easy to implement the next thing. Well, we're the laws going to go.

So we're hoping that they will make new laws to govern themselves, to not allow this to happen. They should all be in, they, I agree. She should be able, lawmakers should be able to participate in it. They should just not be able to participate in it actively. They should have their assets put into blind trusts, meaning that they don't know what's going on in it. Somebody else is managing it. Somebody else is taking care of that entirely,

so that they are free to make policy, implement policy, uh, right laws wherein there is no possible conflict of interest where they are only serving the people of the United States and not their own portfolios. And I find it incredibly hard to believe. I'm so tempted to press that bra button, but I'm not going to press it. Okay. Well, I find it incredibly hard to believe that these people aren't at least considering their own portfolios and and wallets when they're making laws.

And partly because there's a lot more. Of course. I mean, there's so much fucking money in politics. One of the most insane ones, I mean, a lot of this got attention right when the pandemic hit because there was four senators. I forget who it was Kelly Laughler, Burr Diane Feinstein was one of them I forget who the other one was but I'm sure everyone remember there was a big controversy because

They were briefed I think in February of 2020 about this dangerous virus spreading what was the virus called? I think it was something like corona virus. No, you probably haven't heard of it. No, but they sold off a bunch of stocks. I think Richard Burr started selling off or his brother-in-law started selling off stocks. So they're like, you know, they're tipping everyone off. And, you know, all the while, we have no idea what's going on. And then all they were able to get out before the big rug pull. Right. But then, you know, there was a bunch of other

congress members who were buying stuff like telemedicine stocks. Amazon. Pelosi's husband bought a ton of Amazon call options. Amazon stocks, like, million dollars. Stuff worth related, stuff related to work from home. Yeah.

Pharmaceuticals, all that kind of shit. Yeah. And I mean, that's one of the big problems. You have these people holding Moderna, J and J, Pfizer, people who other treatments, people who make PPE stuff, and they're making decisions on all that stuff. Like, that's, this all comes back to this profit motive in politics. And honestly, if you could remove that, I think when we're talking about vaccine disinformation and stuff, removing that profit motive would make it so much harder to spread because that's honestly, and look, I'm not, you guys do whatever you want about the vaccine. Talk to your doctor, I have no fucking idea. I'm not a public health expert but when people talk about

who stands to make money and you have the you have the phy's or cio telling everyone they need to get the booster it's the only thing that works it's pretty fucking sketchy and you know congress members refusing to do anything about releasing vaccine i-p so we can vaccinate the world we're all not gonna get shoved back into our homes yeah that's that's been the biggest annoyance with me is the fact that we're not You would think that in this modern age

we would Spread that recipe far and wide for free distributed out there and not only that but have readily available cheap easy testing to every. Yeah, don't even get us started. But I mean, this, this, this, this fucking clip of Jen Sackie so many times. Oh, yeah. No, we're not going to. These, these, these F and politicians, these old, excuse me here, but they're old. They're ancient. That's the worst part. Well, that's the worst part is these people. They're, they're, these people, they're setting policies that are going to be in place for long after they're dead.

Do you really think that they're our best interests or at mine? Here's what I'm proposing. Okay, I'm not saying that we should model it after the movie midsummer where the old people get kicked off of a cliff at age 72. Is it 72? I never saw it. Oh, you didn't. I read the Wikipedia page that scared me. In the movie midsummer. Is it 72? I never saw it. Oh, you didn't.

I read the Wikipedia page. In the movie, it's scared me. Scared me to scare me. You know, they make the movie out to be like a big mushroom trip nightmare in the middle of wherever they are, Scandinavian, some Scandinavian country. And in this society, in this little culture that they've got, the old people ceremonially get booted off of a cliff at the age of 72 so that they're not a burden anymore to anyone. That's the whole point like you can Come on you can kill them easier than that. You don't have to jump off of F and cliff. Come on

Did you see the new euthanasia pod? That thing is so sleek. It's so sick and it's scary looking you look at it There's like I want to get in that. And I think it was Sweden. There's this new youth in Switzerland. Switzerland. There's a new, it's a euthanasia pod where if you are ready to die, you've been doctor approved. This guy can kill himself. You get into this, yeah.

The 3D printed pod inflames the assisted suicide debate. The pod known as Sarko. The problem is kids are going to gonna wanna get in that thing. That thing looks so fucking sped up. What does this button do? And what happens is you press a button and- Did you the big sleep? It gives you the big sleep.

It displaces the oxygen in the air with nitrogen, which is an inert gas that you cannot obviously function on. And the idea is that you just fall asleep and then die. If I didn't and I really want to die, right as I press the button because you see how people can watch you peacefully pass away. Oh, yeah. Help! And then I would go, I'll just kidn whoops, sleepy.

Yeah. One last goof for my friends and friends. It's so tempting. If I were to come across that thing, it's almost like standing on the edge of a cliff and the little voice in your brain goes, you're standing there and you're like, oh, the forbidden button. I want to press the forbidden button.

So you just, what is that thing? Apparently it's like everyone has it. I thought it was like a unique thing, but when you're the masculine urge to press a button. No, no, when you're standing at the cliff, I don't know what that is.

Somebody say that's the devil, son. Maybe. That's the devil attempting you. Would you make a deal with the devil? Definitely. I would make a deal, and I would just really go over that agreement with a fine tooth comb

and make sure he's not fucking me. He's gonna fuck you, he's the devil. Yeah, but maybe I can outsmart the devil. But I also don't believe in him, so. In the devil? Yeah. I'd say do whatever you want, pal. You won't see me in hell.

I sure hope hell doesn't exist. It seems like a really unfair deal. You know, you fuck up a few times and then, well, for the rest of time. Well, I think you gotta, you don't just fuck up a few times to go. Yeah, well, what if you do, here's a, here's a quandary. What if you lived a totally, you know,

relatively, you passed with like 80% life, good, 80% good, you gotta be in the grade of life, you hear what I'm saying? But just before you die, you set up a trap. You set up like a hole in the ground with some spikes in it and cover it over with some brush. And long after you die, you set it up with the intent to kill someone if they happen to walk over it and long after you die a group of boys counts Walks yeah, that's over and they fall and they die on the spikes

You caused their death intentionally you murdered those people look, but you're already dead in heaven Would you be in heaven chilling? No eating some pudding and then you get in life, you had the intention to kill someone. That's a bad person. So you would go to hell because of that. But nobody actually died. Yet they only died after you died. What are you like a philosophy student in college? Yes, I woke out of here. I just, I felt like that was an interesting debate topic. We should ask Nancy Pelosi what she thinks and she's close to death anyway. These, these ghouls, man.

That's the thing, I don't get it, they've won. Seeing these, it drives me crazy. Like seeing Nancy Pelosi tell everyone that like, oh, it's perfect, like, you've won, just go away. I can't believe they still are, they've got their nails in their office. They will, you'll have to drag them out. Yeah like how old is Diane finestein she's fucking eighty eight she's she was she was born before the first securities exchange act in nineteen thirty four ninety yet because she was

born in thirty three well actually the first act was nineteen. Fuck you, Ben. But, points stands. Diane Feinstein, born in 1933. This woman's 88, they are years old. She's doing policy on climate change. She needs to do policy on diaper change, Ben. What? Brr. Brr. Brr.

Brr. Brr. She needs to do policy on diaper change. Fucking crazy. I bet she would, do you think she wears diapers? I don't know. I know she's like, there are big rumors that she's fully gone and her staffers are making her, like fully filling in for her

and making sure she doesn't do anything. Wow. Remember during the Amy, cause I think she's on the committee to for judicial stuff when Amy Cummy Barrett was trying to get I thought you said Amy Cummy Barrett. She was just, you know, I forget, I mean, I haven't seen it in so long, but she was just like, you're so pretty and put together. Oh, you're very smart. Yeah, these people there should be, not only should there be

What's that what's that called term limits? You shouldn't be able to be a senator for fucking life There should be age limits much like there are pilots if we can't trust a 70 year old to fly a commercial airliner We shouldn't entrust them to lead the damn country It's if you saw Diane Feinstein getting into a car. You'd be like holy shit If you saw Diane Feinstein getting into a car, you'd be like, holy shit. I'm calling the cops. But she's making fucking huge policy decisions. And she's so rich, that's the thing is, what are you still doing?

What are you doing? What are you doing? You won! You're spiking the football, stop. You won. I fucking sucks. I mean, and look, it's so intensely fucked up. Like, it's not just the insider trading,

which I mean, they are great at. I think we forgot to mention, but there was, I think I saw at least two studies. One was UCLA, the other one was like a Georgia State university thing. It was two separate studies. They both found that for like decades, the Congress people have been beating in the market by 12%.

Of course they've been beating the market. But beyond that, they get access to these things, there's this story about Nancy Pelosi, they get access to special IPOs and stuff. I think there was a big credit card regulation that was supposed to be brought to the floor and Visa let Nancy Pelosi and her husband in on this IPO. 5,000 shares, I believe.

Yeah, they made like $100,000 in a day. It's fucking insane. Yeah, but look guys, next year is an election year. So what we need to do is vote. Everyone vote. I'm just kidding, that's never gonna, and they look, everyone's like, oh, there's this big divide.

It is nice to finally see some bipartisan, you know, them come together. I'm not bipartisan, I'm only into girls though. Really good, really good. Thanks. Yeah, but the Democrats and Republicans, you guys should look it up, because you can see every lawmaker,

and it does appear that the Democrats and Republicans are very willing to reach across the aisle to a fuck over American people. They are. Yeah, they really, I'm really tired of this place. I'm really tired of these people. It's very disheartening to live in America right now. Well, it's only going to get better.

I think. Yeah, no, it's only going to get better. Yeah. I think we've just got a vote. Yeah, no, you definitely. It is reassuring that someone like AOC, that was, I mean, I'll tell you what, I got a lot of respect. So her AOC's thing is she was asked if she owns any crypto and she said no, because

it would be a conflict of interest for me to own something on which I am supposed to be implementing policy. Yeah, here's her tweet. It is absolutely ludicrous that members of Congress can hold and trade individual stocks while in office. The access and influence we have should be exercised for the public interest, not our profit. It shouldn't be legal for us to trade individual stock with the info we have.

Period. That's it. End of discussion. I hope that she is capable of Pushing pushing through meaningful legislation that takes care of this because imagine imagine what the country would look like if Go all the way back to like 1930 if money hadn't been in politics since then we'd probably be in a goddamn utopia Los Angeles would have Los Angeles would have a thriving public transit system because Firestone and Standard Oil and GM and Ford would not have lobbied to do

what they did. They wouldn't have acquired legally the public transit systems and then dismantled them within 90 days and then given us freeways. Yeah, it's really, it's like, it's just watched two framed Roger Rabbit. What of it? Wait, yeah, that's in who framed Roger rabbit? All of roof framed our rabbit is about the street cars You just said who frame raw rabbit You said raw rabbit And we You're so cute. Wait, you don't have you seen who framed Roger rabbit? Yes, I actually just watched it like one of the first 20 minutes.

Fucking over the street cars and stuff. It's terrible. Oh yeah, because yeah, I do remember, there's a scene where the guy comes up in a street car in Los Angeles. Yeah, but I think that was a, I think that started because she was asked on an Instagram live if she owns any Bitcoin. Yeah.

And AOC said, no, there's like, we could be developing regulation for Bitcoin. I can't hold it. Yeah. Um, and she can't ponder that orb. Really good. She sure can't. We can ponder that orb. It's just the best.

I love that. And then she related to stocks. It's nice to hear. I love that. And then she related to stocks. It's nice to hear one person, but I'll tell you what, I have not seen. I don't think I've seen one member of Congress retweet that and be like, yes, I agree. Yeah, because they're all, everybody's selfish. Everybody wants to make money. And... Yeah, I mean, look, I don't know,

I mean, this is just depressing because I don't think anything's gonna change, I think. I mean, I'm curious to see what's gonna keep coming out because they, I think they said it was like over 10 days, they're gonna keep dropped, because this was a huge business insider's been working on this for... Long time.

For, I think like five months. And so they've got, um, a ton of stuff coming out, but I mean, well, people don't care. People don't care because they don't know. And also what are they going to do? What? Yeah, but for who? Nancy Pelosi's that Democrat, one of the leading Democrats, you just got to vote blue no matter who, but that's how we fix this thing.

I, you know, maybe it is time. Maybe we might end up being politicians, pal. You never know. I don't think we're gonna be fun if if that's the thing. It's a horrible job. Why do these people? They're so old, but it would be why do you want it? Imagine being a good job if there wasn't money in politics where you could go in and actually make a big difference. Imagine being 80 years old. Uh-huh. And being so rich, like $100 million rich. Yeah, like Nancy Pelosi. Yeah, and still being like, no, I still want to do this and have people just like shout at me and call me names and like tell me I'm a fucking idiot online.

It's because she needs access to the sickle to blood, virgin blood or whatever. Maybe that is it. There is something going on. Nancy Pelosi was really hot when she was, but she, yeah. With a bitch who, very pretty. Me Nancy and Diane in the 80s. Yeah, again, the three way that you had.

1983 Mercedes SL, we put the top down. Did you ever drive an 83 Mercedes? Diane in the back. Wait, did you drive an 83 Mercedes ever? No. I drove an 82 Mercedes diesel. I drove a 91 SL. Cool cars, like them.

They are, I'll tell you what the... You know who started Mercedes? Hitler. No, he didn't. Mercedes was around way before that. I think Mercedes was the very first auto manufacturer ever. I think. Who started it?

I don't know. John, John, John, John Mercedes. No, Hitler helped start Volkswagen. People wagon, that's what it's called. And Porsche, right? Uh, I think Porsche was around before, before that. Oh, man, my dream car is a Porsche. Oh, we both love Porsches.

Yeah, old Porsches. Yeah, 64. Greatest car. 64 Super-Crew. If you look at the, they haven't changed that much. They made a perfect car. Yes. And, you know, it's been updated through the years,

but they look pretty similar. Yes. It's never like, look at other old cars. They have these weird years and the 80s and stuff. Porsches were always sick. Porsches are always cool. I love them. Anyway, you know who else was doing some insider trading

that pissed me the fuck off? Oh gosh, we didn't even fucking talk about the fed. The fed, the fed. Dude, this is, I'm gonna have a fucking, what? Pfft. So, so, yeah, the vet had some insider trading things. And what's funny and frustrating about this

is I, upon reading about it, they were acting within their legal right in terms of what they were disclosing and what they were able to do, but it just looks bad. That's the thing, a lot of these things end up being legal, but that doesn't mean it's right or good or, you know, moral. Yeah.

Means it should be that, like, something needs to change. And I think the fact that, I mean, I don't want to get out of ourselves, but these people who were making these gigantic trades, I think it was the Fed president of Dallas and Boston branches. And millions of dollars worth. Millions of dollars worth.

And then they are, you know, these guys were setting economic policy during a fucking huge downturn. One of them was, I can't remember which one, Kaplan, I think, that Fed president, but he traded, he bought a whole bunch of stuff. Literally the day before Jerome Powell, the Fed chair, came out and announced their sweeping support of the markets, which essentially was the bottom of the market, and then it

essentially doubled from there. And so when that came to everybody's attention about a month or two ago, they resigned in shame. They basically said, look, it wasn't illegal and it wasn't, it was, we were within our rights, but because we know that it looks bad, we're just going to go ahead and step down and we're going to liquidate everything. It's like, okay, cool. Even they know it's fucked up. And they know that they can now retire into relative obscurity

and nobody's gonna know who they are and they just, they have other men. And I'm not saying maybe they were. Maybe they are telling the truth. Maybe they were trades that were done on a schedule because a lot of these wealthy people, they have systems in place to automatically execute certain trades to rebalance their portfolios, for example.

But it's just, you know, it's not the best looking time. It's fucking disgusting. But so Jerome Powell did announce new regulations in the wake of the skin. You gotta give it credit. For the, I guess, I mean, I don't know. So I mean, I think he ended up prohibiting holding certain securities. I think he put a new disc...

Why are you laughing? I was just thinking about pressing the fart button. Just leave it on the hand. I was talking about it. It's like trading at the Fed. I know, I am. I'm sorry. It's just such a fucking thing.

We're gonna have to take it away from him. No, wait, wait, wait, wait, wait, wait, it's fine. Go on. I don't even fucking remember. You go out. Don't. Did he take it away? Oh, it's the, go on. I don't even fucking remember. You could've held. Don't. Did he take it away? Oh, it's the end.

I'm sorry. No, you were saying that Powell did implement it. Oh, right. So he's like prohibiting holding certain securities. I think he instituted a disclosure period. But again, you know, we did that with the stock act and Congress people were just like, well, no one's unfortunate these things.

So it should be, I'm's unfortunate in these things, so. It should be, I'm trying to think of a good acronym. Feds aren't really trading. Fuck you. But you're such a piece of shit. You know what that's the answer? Yeah, I'm like, What does this stand for? Fart.

Yeah, yeah, yeah, yeah. Yeah, that's what it stands for. It is really annoying that Congress always has to have a fucking acronym for, can you look up what the Patriot Act stands for? It fucking stands that's what it is really annoying that Congress always has to have a fucking acronym for can you look up What the Patriot Act stands for it fucking stands for it's so annoying Presenting Americans Tomorrow It oh providing appropriate tools

Required to intercept an obstruct terrorism required to intercept an obstruct terrorism. Oh, the congressional staffer who came up with that, it was so proud of himself. I bet they felt so good, yeah. Oh, it works, it works. Patriot works. George Bush was like, it needs to be the Patriot Act. Yeah, that might have been more Clinton.

Providing appropriate tools required to intercept an obstruct terrorism. No, it wasn't, it was a bush. No, no, my impression. Oh, oh, yeah, yeah, that was... I know who was in office when You know a big 911 head. I'm a huge 911 head We can't talk about 911 sure we can

So hey, it's time for everybody's favorite segment. Are we done with history? We we we get on the Yeah, the 43 minute mark for our thoughts on insider trading, it's bad. Wait, wait, let's do it at the same time. Our thoughts on insider trading, it's bad. It's not good. Honestly, we're all thoughts. Unless we're the insiders and we have information

that's privileged and we can make millions of dollars off of it. Ha, ha, ha, ha. Would you act on insider information if you had it? If you knew that you weren't going to get caught and someone said, hey buddy, we got this new, these new blue shoes that are going to hit the market. And it's going to be huge for, you know, XYZ biotech. You got to get in on this train. I'm telling you. And I'm sitting there looking my lips. I've got blue stuff all around my mouth. And I'm

like, okay, I just learned what blue shoes are today. They're dick pills. Yeah. And I'm rock hard. Uh-huh. What's it gonna be? What? What'd you say? I can't hear all the blood rushed away from my ears. I can't hear anything. I tried one of those one time, like gas station pills.

When I was like 19, it gave me a headache. You feel your blood pressure. You know when you turn on a hose and you can just feel the pressure raging through that hose? Okay. That's what it was like throughout my body. It was just like, God, my veins are open. It's like open. And I had sex and then I was still ready and I couldn't pee. It was hard. Damn, it was hard. Okay, so you're offering me some Bluetooth information. Yeah, would you act on it? Yes. Okay. Well, so wait, look, so here's the real, obviously insider trading is very bad, but it's also pretty cool. No, and

everyone is doing it and it's horrible and like executives and officers of corporations are getting rich off it. But we were all talking about this point of it's it's even more insidious when you're talking about Congress members doing it because they're not only using this information to make money off of it. Yes. They're using their position as public officials to create legislation that could make them even more money. Yes. It's fucking wild. It is wild. I'm going to try my best to phrase it. We are in a new era where we're more interconnected than ever. It's kind of adjacent to the me-to-ish thing, the me-to-era,

where things that otherwise would have just kind of been swept under the rug aren't anymore. And there, once they're in the public discourse, it feels like, okay, now this time is different and things actually change, you know? I will say that's one thing I do actually like about social media, Twitter especially, there is a lot of good people who are, it's like, it's

got a suck being Jen Sackie right now. She is the press secretary for Joe Biden's administration and she has to go out every day and she says these things and, you know, before Twitter, you would just go out and you'd be like, here's a bunch of lies, like shut up, print it, whatever. But now literally she goes out and then like an hour later all of Twitter is just like But it's yeah, it's yeah, see that's how you get a user when you got a little yeah, no you're right. It is nice Feeling like a little bit of control when you're being gasslet. Sure. Constantly by people in power, and you can at least see like, no, they're fucking lying to you. It reminds me of when I was a kid, you know, 11, 12, 13,

and I would get in fights with my brothers. Like, not physical fights, but big arguments. And then I would go, we would go to sleep, and then the next day, it just pretend like it never happened. It just, it just, sleep just the night just washed everything clean and we never had to talk about it again and it was just, but then as you get older, you have fights and suddenly you wake up the next day and you got to actually deal with it and confront it like adults and human beings with real emotions and you gotta communicate. And it feels like the same thing with technology getting more and more interconnecting us more and more.

You can't just have scandals like this happen and everybody just kind of collectively is like, well, I guess someone will do something about it and that's kind of bad. It's like, hey, we all see this, right? I think it's not good. I think that's why everyone's so insane right now. Yeah, because there's so much bad shit

that we're now all hyper aware of. Yeah. Everyone has collectively lost their fucking minds. They know we're being lied to on a daily basis, and it's just like, what a, like, and everything that is, there are so many things that are true, that are fucking insane, that make you lose your mind,

that when people believe in disinformation, I'm like, well, it's not that crazy to think that they would do that. They've done some fucking absolutely bananas shit. Oh yeah. I mean, look at the, just the, just on the topic of Pfizer and whatnot, look at the Sackler family in Purdue,

Pharma, the ones who pushed fentanyl on the entire country for profit. And do they just get like complete immunity? Probably. It's... What a joke! What a joke! We should... I'm not gonna say anything. I'm not gonna say what we should do. I'm not gonna suggest anything. I'm just gonna let your imagination... you know, I don't know. Crypto Corner! anything I'm just gonna let your imagination, you know, I don't know. Crypto Corner.

People, beep! Whatever the sound, the thing is, we had some fun. What? We need some fun after that. Yeah, we do, geez. Look, some people were, you know, as we say, we read the comments and people were saying, hey, can you guys talk about some of the good aspects of crypto? So here we are, we're-

I feel so frustrated by you fucking crypto people, because we come on here and we try to be as fair and objective as possible and say, look, we acknowledge that there are positives to it, and there are use cases for it, and blockchain technology is revolutionary and blah, blah, blah, but there are problems with it that is part of the, the vast adoption of it. And then all you crypto people go is like, Yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah, are no going bitches. What did you say about fucking girl Elon Musk fucked our girl? Oh, yeah, yeah, god damn Elon Musk is king

He's king who we like dogecoin Dogecoin to the moon Bitcoin Bitcoin solves this Bitcoin solves it Bitcoin Bitcoin Bitcoin, Bitcoin solves this, Bitcoin solves it. Bitcoin, Bitcoin, Bitcoin 100,000, Bitcoin 100 million, you're gonna be rich? There, you say, you happy now? Are you happy?

Just buy the dip, just buy the dip. You love the buy the dip. Elon Musk, I love him, he's so funny, he's so fucking funny, I just love him so much. He's gonna save humanity, he's gonna save humanity. Why you mad at him? He is right, he is right. He is right. Someone broke that's a revolutionary Tesla he he I gave I gave Benna blue to in the

car he's all popped up yeah whoa boy so, boy, no, I get the giggles. Coin bass and coin bar. I say one thing. Sure, just one. Before you talk about that. Sure, what you got? The amount of people who say, okay, you're gonna, you're not gonna be the mic,

so I'm gonna be able to pick up with you. The amount of people who say that, they were audio listeners only, and then they go to watch us, and they think my voice is gonna be yours, and your voice is gonna be mine. I can try to do your voice. No, that's not what I'm saying.

It's just interesting. I wonder why that is. I don't know. Maybe I look like I would have a nice voice, and you look like you would have a... Muppet voice. Muppet voice. Something to think about.

Yeah, I'm not gonna try to do in person to you. I don't think you can. Yeahuppet voice. Something to think about. Yeah, I'm not going to try to do your in impression of you. Yeah, please don't. I think it's in your heartful. Be hurtful. So anyway, this week coin based in CoinMarketCap had a fun little glitch that made a bunch of crypto people totally horny because it showed that suddenly they had millions and millions of dollars. It showed Ethereum was worth, you know, $20 million of coin. Hell yeah.

And whatnot. And it fucked with the charts. Maybe Coinbase just traveled to the future. So I'll what it's going to be. Yeah, I'm sure that there were people on Reddit who were like, this is actually to sign. This is a sign. This is a glitch that they accidentally showed us what's to come. This is what's real. This is what could really happen. You know what was the funniest post that did see was it was like it was on crypto reddit and it was like it was called support group for all the people who told their families to get into crypto over Thanksgiving.

Oh yeah, because then it dropped. Yeah. And all those people are and now they have family members being like, what the fuck? Yeah. I'm just surprised that there are that many people out there who are capable of, because crypto can be, if you've ever set up a wallet before and done, it gives you your seed phrase and stuff, it can be a little daunting to, to the non tech savvy among us. Yeah, good for you for convincing your family. You know what my uncle said at Christmas? I wasn't even talking about crypto. I just was telling him I might,

and he said, shut up, Amiel. I was trying to make it so that you said, you know what my uncle said? What the dog doing? But I was off on my own. Yeah, I know. So your uncle told you to shut up? No, I was joking.

Your uncle doesn't like you. It was a joke, but you missed it because you were playing with that. Sorry. It was good. I'll hear it when we launched the episode. Yeah, you know what? You always tell me like, I missed that thing you said. And now you have a little gadget.

I feel like your wife who just, you've got a new play thing and you don't care about me. This is my orb and I'm constantly pondering it. Jesus Christ. Yeah. Well, you had it. Oh, well, you had a question for you. You do. So I've been watching, I'm not invested per se,

but I'm very curious about what's gonna happen with Bitcoin because I think it was last December where it had its big shoot up. I think it was like it doubled basically. And people would talk, they started talking 100K by the end of the year. So I've been keeping my eye on it and I'm watching the chart.

And I know you're the freaking charts guy. I like them. And I've been wondering if you have, if you can glean any insight from reading a crypto chart and the way you can as a doctorate, or is it just too volatile? Is it too unpredictable to even a little bit of both fine friends there? I would say a little bit of both. You can. So for those of you who don't know, a chart is just the price action visualized. It's the across any kind of time frame daily, weekly, five minutes, 10 minutes, an hour, four hours.

And it's meant to show you where, if you can, you can glean where people are likely to buy and where people are likely to sell supports and resistances. And you can kind of see, if you imagine it like an auction, and you've got the auctioneer going, hey, someone I finally have a friend of mine going 100 and people are bidding 100. What the fuck is this guy saying? Shemla, Shemla, what the fuck? He's saying, he's saying 100, 100 and people are bidding and then he ups it to 101 and people kind of stop bidding.

So he brings it down to 100 and people then kind of aren't bidding as much. So then he's got to drop it down to 99, 99, 99 and people who were doing 100 are now like, oh fuck, I'm under water by $1. I gotta drop it down to 99, 99, 99. And people who were doing 100 are now like, oh fuck, I'm under water by one dollar. And that charts just visualize that. And you can kind of tell where people,

Jesus Christ, this is a dumb answer. I feel like a big dumb idiot. Yes, to answer your question, yes. You can, and volatility does play a part. Well, so for example, I've been watching with the, I've pulled it out to see, you know, kind of a year and then gone back even further. And it's, you know, we are seeing those lower lows right now than we have been seeing.

But only recently, right. And that's like, and it's funny because, but, and that's what made me want to ask you, because when I was looking back and it's like, damn, well, that's happened before. And it's fucking shot way higher than anyone could have ever expected. Sure. So I'm just curious of that. Yeah, yeah, it does. It does. And the thing about charts that's kind of cool and magical is the fact that the more people use them, the more likely it is that those levels are going to hold true. If everybody sees, oh man, there's a nice big support level. The last time Bitcoin was at 40,000 for example,

was nine months ago, holy shit. So it's probably likely that it's gonna bounce when it hits that level that was last. I think it's gonna jump because it does seem to work in this cycle, but I could be wrong. Do you not buy Bitcoin based off of this? Oh yeah, I mean obviously that goes with that thing. Yeah, read the disclosure, whatever.

An interesting thing to me about Bitcoin that I wish to God I had considered years ago that I only considered the orb that I'm pondering with this is the supply. Because when it comes down to it, it's basic supply and demand. And when there's very little supply, demand can and does skyrocket, especially in the case of something like Bitcoin, where there's only 21 million. Excuse me if I get this wrong. No, I think you're right. 21 million.

21 million bitcoins that there are only will ever be 21 million. That's not a lot. Like even if that's a stock, that's a tiny stock. The amount of shares to go around, that's pretty small. Like Apple's got billions of shares out there. Google, they all have billions. They can also buy smaller portions. Sure. That is true. I think they're called Satoshi. Satoshi's are the smallest unit, which is like 0.0. So there's a little different. It is and it isn't because that's why the price is able to go so high. That's why it's able to sustain a price move to like 60,000. Because there's only, there's such a finite amount and it's a global thing.

So it's not like an American only stock where you know, someone, it's gonna be a little bit harder to buy if you're in a foreign country. This is, this is, this is. Could they potentially almost do something that would act like a split where, and I don't know the yeah, there's things called the value of a Satoshi. There is there There have been events called forks. I imagine they're gonna have to plan for that

If they want this to be established as a currency and that's what's confusing to me is 21 million Bitcoins, what's everyone gonna do have? That's not even enough for every person exactly. Yeah, that's everyone gonna do have? That's not even enough for every person. Exactly. That's what the people say. So that's why I think where Satoshi's come in. Well, right, but yeah, if that's... Well, we never talked about it, but remember the,

just because we keep saying Satoshi, oh, sorry. No, we're just both, I feel like right there, we were both just on slightly different things. Go ahead, go ahead. You saw the case where they were trying, people were paying attention because they thought that the identity of Satoshi might come out. Yes.

It was weird seeing just a white guy in a suit being, and then thinking that could be Satoshi. I don't know. And my mind, it was always like a time crisis villain. That's who Satoshi was. I read a theory that it was this computer scientist who passed away from ALF who was a big, he was part of some group called like the Cypher punks

in the early 90s, is to try and true real programmer guy who really believed in, who was super libertarian and believed in like a free and open internet that was truly decentralized and he had fucked around with a digital money because digital, Bitcoin wasn't the first. There was like digital gold. I think was the first kind of foray into it. The Sony mini disk to Bitcoin's iPod,

if you will. Oh yeah, yeah. I loved mini disks. They were so cool. They were kind of why I used them for a little bit. Yeah, I did too. Total pain in the ass to use though. So yeah, we, the crypto corner, you know, we had that, but that thing happened. Speaking of charts, I wanted to just mention just because they're meme stocks, but game stop recently hit a six month low. So there's a chart example where, okay, the last time the price was at this level was six months ago, that's a good risk reward level to just like kind of say, okay, is it gonna hold here

or is this the start of it actually kind of unwinding? Same thing with AMC since they're kind of related, they're part of the same meme stock basket. It broke $30 for the first time since May. And it just cracks me up because several months ago, my friend Larry, again, Larry, hey Larry, hey buddy. Ben's doing shout outs again. He sent me a video of this jackoff on YouTube

who made one of these videos where it's like, could AMC go to $100,000 per share? And it's like a 20 minute video where he lays out, I didn't even watch the whole video. Okay, full disclosure, that was me in the video, but I was heavily invested in names here It was not it's not you But he sent it to me and he goes is there maybe it wasn't him Maybe it was another for either way someone sent me the video and asked me is this possible is this real and

It broke my heart because I can tell that there are so many people it's like me with penny stocks when I first bought God yeah shot in the gas, I was like, oh, this makes sense, this is gonna be a millionaire. As soon as those thoughts are creeping into your head, it's too late. The brainworms have already got you. And there's no, it's so funny. Yeah, it's not going to $100,000 to share.

That's absolutely assinine. It's not getting to $200 to share. It's not going to happen. And if you're sitting there holding the bag, so to speak, holding AMC, you might want to consider, just reconsider. Have a plan. Do not, do not give up your precious mental capital holding on to something that is just a suck on you day in and day out, just like, oh, where every down tick is death and every uptick is like, oh, it's relief. You're now in a toxic relationship

and you need to cut time. You deserve better. Ben, the stock psychiatrist. You know what, I've been looking at the chart for, what, Peloton because he sure you've heard, well, for those that don't know, I hate to bring up and just like that twice, which is the sex in the city reboot.

Yeah. Okay, spoiler again. Yes, spoiler. It doesn't fucking matter. But big rides a peloton, big is Sarah Jessica Parker's husband. Yeah, and he fucking has After he is a heart attack and Peloton shares Fell like 16% or something like that after the episode aired and then they they came out

They really quickly probably immediately Contacted him and did an ad with him where they break the fourth wall and he says, like, I'm not dead. I love my peloton and he's riding the damn thing. Yeah, we're also stupid. We all just like see a show and go, boo, that must be bad. And then they're like, let's just give these idiots an Instagram commercial. We're like, good, I want it now again.

Yeah. Uh, but also, so it made me look at their chart for the, they've been fucking tanking for a while. I didn't know, I think the pandemic was quite good for their business. Well, also growth stocks, Peloton was a growth stock and was given generous valuation based on that. And yeah, when, when, when when the real numbers start to come out

and they don't live up to expectations, even if they're not, even if they're close to expectations, if they're not just record breaking quarter after quarter, the stock's gonna get reassessed and valued properly, which is nice. And that's what happens with a lot of these growth stocks. When the air starts to come out, you see the names like Zoom,

you see the names like Peloton, like what's another one? Roku, they start to kind of drift back to sanity levels. We're out of the hour and fun. We got time because speaking of stupid shit happening and just bumming you out. Yeah, episode. Jeffy B Jeffy B Jeffy kisses Jeff Bezos celebrated Michael Strayhand. He's the football player with a gap tooth. That's him. He went to space. I think now, like he knows,

a TV personality. Yeah, he's now. Yeah, so Jeff Bezos is celebrating another successful flight to almost base. And meanwhile, I think the day before six employees died in an Amazon fulfillment center or warehouse after a tornado ripped through the warehouse. Yeah. It's devastating. It's very dystopian. Even though he's, he's no longer, I don't even think he's devastating. It's very dystopian. Even though he's he's no longer I don't even think he's working He's like retired from Amazon, but still buddy. You are the you are the it's a pretty tone deaf like to be celebrating your space flight after

Yeah, it's growth and it's just completely You know Can't think of the fucking word. I'll try. It's completely gross. And it's just, it's, no, it's completely illustrative though of the gap between, you know, when we're talking about this gap and no,

the between workers and CEOs, it's like, I said, I can't stop. I can't stop every point I'm trying to make and go, yeah, no, nice. You don't want to ponder Jeff Bezos is that gap? No, the gap between workers and CEOs, it's just absolutely wild. And I mean, it's just, it's a, it's a pretty disgusting thing. But there was also the Mayfield candle factory, I think in Kentucky. I think it was at least eight workers now who have died. Yeah, there was.

And these workers asked to go shelter at home and they were told that. The Amazon workers. Yeah, they were told. And Mayfield and Mayfield candle. We have this, I'm sure you guys have seen this by now, it went viral online, but one of the people who died at the Amazon facility,

it's a heartbreaking message is between, I think him and his wife, first partner. He says, well, I will wait home after the storm and she says, what do you mean? And he says, Amazon won't let us leave. And she goes, all it's doing here is lightning and she says, so what you doing? I hope everything is okay.

I love you. And she never got an answer back and he died in this tornado. But it's fucking heartbreaking. I mean, it's a, yeah, I don't know. It just, when people complain about us talking about the billionaires, it feels like, this is what we're really.

They're gonna be okay. Yeah, they're gonna be just fine. Shut the fuck up. I wish I had the button. Times, Times, person of the year, I mean, he's no angel when it comes to this stuff. You can look up his, I think he is more...

No, no, Elon Musk is perfect. He's a Godman. But his Tesla factories have more, I think more ocean violations than the next the next 10 fucking automakers and stuff. Who cares, he's epic. He is fucking epic. He is so epic. Did you have you seen him when he,

don't you win Elon? Have you seen the memes that he posts? It's so funny. Wait, also, I just, I said I don't wanna talk about him anymore, but like, the one thing I read the time magazine and the financial times also named him their person of the year and I was reading through and the thing that pisses me off the most is that they talk about his work ethic

and he loves it. He's like, I work 80, 90 hours a week. I sleep in the factory, and I'm like, bullshit. You're on Twitter constantly and as someone who's addicted to Twitter, you can't get fucking anything done. You can't get anything done. He tweets way more than me. Like I fucking barely do it and it still consumes me

He's like up to date on every fucking meme Something he's mentioned. He's yeah, he's full of shit. No, no, yeah, I brother. He's not he's not he's not He's he's crypto daddy. He's big car. We're done taunting the muskets. We're sorry. We love him We're doing our best to not talk about it. He's handsome too. Also, we're losing this is what he wants He wants people to fucking like You know what's funny is So a couple things If he didn't get time person of the year and instead it was the Rivian CEO or

person of the year and instead it was the Rivian CEO or Ford CEO or anyone who he dislikes or disagrees with, he would probably take to Twitter to say something like, who cares about time person of the year? Oh, yeah. Actually, in fact, what publication? I actually forgot. Oh, what year is it? 1998? Oh, he would, he would trash it as being totally irrelevant

and, and not important and meanwhile. Even though I'm pretty sure the owner of Time Magazine is an investor in space. Oh yeah, the owner of Time Magazine is a large investor. What's his name? The guy, Mark, Mark Rible, no, that's the music guy on YouTube. Mark, Mark, Benny off.

Yeah. Mark Benny off. The guy who founded LinkedIn, invested in SpaceX. Anyway, I think that's, I think that about wraps it up for the day. Yeah, we're sorry. This one was kind of a sad one. A lot of it. It's okay. We've been out at Farts Inn to make it happy that, you know, we are. Fart one and Fart two. We are telling you that every politician actively hates you and wants you to die. Part one and part two, baby. They want you dead.

Don't let them. Thanks a lot for watching. Remember, leave comment. Smash the like button. Up, gray, up, up, up, up. I think I'm having an aneurysm. And we like nice comments, not mean ones. Not mean ones.

I love you. Be good. Oh, and look out for those. If you leave a five star on Spotify or iTunes, look out for those kisses being better come in. Oh, yeah, we're coming. You better leave those doors. We're putting chapstick on. We're gonna the softest lips for your foreheads. Big wet juicy ones. Bye.