The Trillionaire Mindset - 25: Never Bet Against America

Episode Date: March 18, 2022

The Fed raised interest rates, China might be in trouble, and Elon challenges Putin to a duel. The guys also honor a special anniversary! Oh, and don’t forget to SUBSCRIBE at https://www.youtube.com/c/trillionairemindset  Listen on Apple Podcasts: http://apple.co/trillionaire Take your FREE Noom assessment and seven day trial of Noom: noom.com/TRILL To get your new wireless plan for just 15 bucks a month, and get the plan shipped to your door for FREE, go to https://MINTMOBILE.com/trill Our listeners get 10% off their first month at https://BetterHelp.com/trill Trillionaire Highlights Channel: https://www.youtube.com/c/TrillionaireMindsetHighlights 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. THE COMMENTS MADE IN THIS VIDEO ARE FOR ENTERTAINMENT PURPOSES ONLY AND ARE NOT MEANT TO BE TAKEN LITERALLY.*

Five I wish I was the devil four three two one And we're off. You wish you were the devil. I Guess it would be tight. You can't say stuff that wasn't on the air Well, you were just singing the tenacious D. I'm the devil La-la-la-la I said I'm the devil without context. Yeah, no with wishing I was the devil. Yeah Okay, wait Ben today's a very special day. Today's March 17th.

Yeah, huh. In Patrick's Day? No. Because I saw they're dying the fish green. They're dying the fish green? Good luck out there in the river fish. No, no, no, I got you. Oh, what is this a little something?

He's lighting candles on a cake What is the occasion in meal? Don't burn yourself. Oh, I saw that flame go right to your freaking finger. Do you not know how to use a lighter? Not this kind He's finger. Do you not know how to use a lighter? Not this kind. Jesus Christ. He's fully got the shot. Oh, the thing upside down. All right. What's the occasion? Happy day. Oh, thank you. Chacha. Wow. Look at this thing. Well, don't drop it. Holy God. Oh, oh, it's in 11 because it's been 11 years to the day

that my dad's heart was like, I'm out. I'm a head out. This is my first dead dad anniversary. I didn't know if it was, I didn't know what you do. I gotta be on. No, you get cake. I went all out and I got, I got, I got yay candles too with an exclamation, but I thought maybe that was the wrong.

No, it could have been fun. I would say after year five, anything goes. Okay, yeah. Well, I should have gotten a picture of his box of ashes or something. That would have been funny. Like, hey, dad, pull it up with your ears now. He just keep his ashes on your table.

Yeah, oh, that'd be cool. Maybe get a little vile. Yeah, by the way, for those of you who have asked, that this photo right here is of Stucon, I think when he was, I don't know how old, probably in his, I think like high school, flipping off the damn camera. I don't know how close you can get to that, but.

It's a fun little picture. Oh, I better blow these out and make a wish. Yeah, what are you gonna wish for? There's not really only one thing to wish for on it. What? What a resurrection? Yeah. Yeah. No, but then he would just be a sentient box of ashes. Who cares? That'd be kind of fun. You can talk to him. Yeah. You just my mom would suddenly hear. Thank you, pal. We should have done. I should have blown it out in the bathroom where I just violated the toilet. Here, I got you. You want to eat it? No, I this is so I don't even know if there's cake in this. It looks like it's just all

frosting. I made the joke that his heart said I'm a head out. Which is the fun. Yeah. Before we get started, Hey, Glenn,lyn, you're gonna wanna click C more and check the disclaimer in the description box. I wanna tell a story about my dad, but we'll get to that, because it is his death anniversary.

Also, if anyone has joined us more recently and hasn't seen all the episodes, Ben's dead dad, it's an integral part of his trading story Yeah, go back and watch the old episode. Yeah, go back and watch episode one where we cover it because I killed him I didn't I didn't you can't prove that I did It is ironic though because without him dying I likely wouldn't have been as successful a trader. That sounds like it.

And then maybe I wouldn't have had this show. So thanks a lot, Dad. You really did me a great service. And I've earned being this crass, okay? I can do it. So. It's been 11 years. Yeah, it's been 11 years, which is pretty surreal.

So if you've got a dad out there and you have a good relationship with him, give him a big hug, Maybe go Tom Brady style. Give him a kiss. Call your dad. Call your dad. Tell him I said hi and ask if he Be mine, please call your dad. Say hi. Say, Mr. Call your mom. I Hug your parents. Yeah, hug your parents. If you have a bad relationship, you take it from me. Fix it. Fix it now. Yeah, fix it. Forge too late. I have a tendency to glom on to men that are my dad's age. Like if any man who's of father age is like nice to me, I'm like, hey, what's up? You got any advice?

Yeah, you've been on a lot of awkward outings where you're realizing, oh, this is a date. I'm gonna date with this old man I want a dad date. No, it's just a full date They don't know or no, they're older Men who want to date you How did I meet them in the scenario like you know sugar bear websites? scenario like you know sugar bear websites

Sugar sugar baby sugar baby. I would be a sugar baby if it was like if the rules were simple like hey, you know Just stand in front of me naked. I'd be like all right. How much those are the rules? I don't know whatever just as long as there's no touching You have a very specific idea of what a sugar daddy sugar baby relationship. Yeah, sure. I just have to stand there naked. Why not? Yeah, 50 grand. Sure. Five grand.

All this guy wants us to look at me standing there naked. Yeah, that's how it works, right? Yeah, it's it's companionship. They won't companionship. That's about as far as it goes. I want a dad. They won't companionship. I like money.

They like giving it away. It's a win-win on. I'm just going on a sugar baby date and being like, okay, I did not know you were gonna want to have sex. And that's on me. I thought it was just, I thought about as far as we were gonna go was me standing there naked. Yeah, I would be very surprised.

Hey guys, we have a brand new channel. Oh, right, okay, this is the most important thing. This is more important, way more important, sorry dad. YouTube.com slash Trillionaire Mindset is our new channel. And we need everybody, I swear to Christ, if you are listening to this or watching this, stop whatever you're doing, if you're driving, pull over safely and access your phone.

Take out your phone, take out your laptop. Take out your laptop. Take out your laptop or your YouTube.com slash. Trillionaire mindset. Mine set. It's also just to be clear. Ben told me there were a couple of comments where people were like, we don't know how to feel about you leaving TMG. We're not.

Yeah, we're not. We're still TMG. We're just, we're moving on to a new channel. Yeah. Cause there's some people who don't want to see Trillionaire mindset on the TMG page. Yeah. And they're, they're, they're finally getting their way. They finally won.

We've been bullied, harassed, yeah. Spit on on the street. Yep. Enough to where we said, fine, you guys win. Yep. No, it's gonna be good. It's gonna be fun. It's gonna allow us to do more things that are just trillion or mindset related so we're

not. We're leaving the nest. Cody and Noel, we're regurgitating into our little mouths and we are going, right. And then they kicked us out and we learned how to fly. Yeah, we think it'll be better for everyone. Yes. So you, but we need to get all of our subscribers over there. So you got to go over.

Yeah. When we hit 5,000 subscribers, we're gonna release a special teaser for the channel. Oh yeah, and it's gonna be super fun. It's gonna be very fun. And when we hit 10,000 subscribers, we will release the Joe Biden audio of him talking about English people.

And this stuff is real nasty. Yeah, it could ruin his presence. This stuff, I'm telling you, I don't want to be the one to take him down, but I think 2024 is not going to be so good for him after all. He says some derogatory things about people living in the UK. It's, I can't even, the stuff he says about their teeth. Yeah, the stuff he says about beans.

My God. You know, hey, how are you coping with this daylight savings time, shit? Ah, I'm fine. I don't like, because we're gonna change it. Were they gonna change it back? Well, like back to normal. That's just not gonna be a thing anymore. No, no, no.

What? Daylight savings time will be forever. Right. So they're not changing. So what is now will be forever? Yes, standard time. Well, if it goes through it has to pass the house. Yeah, but I mean it unanimously passed the Senate. Yeah. So we wouldn't fall back Right, but standard time like I think that's the real time. Now we're on daylight saving time. Gotcha

And there was a there was an issue, I remember they, so I was reading that they tried it in the 70s. Kids were dying, left them right. Yeah, kids were dying. Cause they're leaving for school now in the dark. I mean, look, I woke up at 6.30 this morning. Yeah. It was a little weird waking up in the dark.

Yeah, but you can't beat that sunlight at the end of the day. That's true. And also, I mean, there's something to be said for when you, the flip side of that is when you do the daylight savings thing, people die anyway because now they're, you know, they're, they're driving home from work. People are gonna die no matter what. Yeah, you, yeah.

But you're like, that's the thing. Hey, ask my dad, people are gonna die at any time. Wait, you know what's funny though, that I was looking at an up and, because for some reason, people are arguing about this on the internet, whether we should fucking do it. My thing is, just keep it, I hate the change. The time change does fuck me.

Like, I was groggy as hell on Monday. Sure. And, Class of heat days. Yeah, it's just annoying. So let's stay with the one, quick, fucking my shit up. But, did you know it's very relevant to the show? It's a big, you know, one of the biggest proponents of it is?

Warren Buffett. Well, just business interests in general. They think people shop more when it's light out later. Interesting. They were like a huge, I was looking at, it's like, if you give workers daylight when they leave their jobs, they're much more apt to stop and shop on their way home.

There you go, guys. There you go. You gotta keep it going. Keep that daylight. Why don't we just negotiate with the sun and get a better deal? You know what we should do? Send a nuke into the center of the earth to fix the global axis tilt so that we all get more time.

We should go to nuclear war with climate change. That's not a bad idea, man. That's not a bad idea, man. That's not a bad idea. I've heard crazy or things. But we should fix it and screw the children. You know, if the children have to be proud of them, why not just have schools start laid out? It's crazy how early it's insane.

It doesn't school start at like 8 a.m. A someplace earlier. That's where when I was in high school, it was like 750. The bus will come at like fucking 530 in the morning for some bananas. Kids aren't wired that way. Meet a cool senior, have him pick you up. What? Don't take the bus.

Oh yeah, don't get a cool see. Have your parents move closer to school? Yeah. Tell the senior, I'm on the way. What, you're not gonna pick me up? Yeah. I used to drive to school in my brother's 1990 camera. We were only allowed to senior year to drive.

There was enough parking spaces. Oh, but also I only got my license senior. Yeah, I got my license junior year. I'm young for my grade. Yeah, me too. So, hey y'all I got a cool story to share with you. So, hey y'all, I got a cool story to share with you. Um, so my dad just a little bit about him, his name was Stuart Conn, and he was a guy, you know, lived his life. He was a guy, he was a guy, and I'll actually, I'll send, he was an aspiring actor, and I got a great headshot of him that will have to toss in right here. I'll put it in the thing so that it pops up.

It's a great cool headshot. But, you know, I had my moaning story last episode, two episodes ago, where I got suspended from City College for moaning and the loot suspects. You might wonder, where did you get that from? Well, you're about to find out so let's pull this up from the American president lines so this was my dad worked for this shipping company called APL American president lines you've probably seen the logo It's an eagle just like a two-dimensional flat eagle

Third right it is a bit third right actually, but he worked there for a long time. I remember knowing that he got fired at one point, but then got his job back. And after he died, we were cleaning out the garage, and I came across this inter-office memorandum from his boss, the subject line of which is termination of employment. So this is the story. I'll just read this letter of my dad's firing on this is from his boss to to my dad. Mr. J.A. Hopton is writing.

Yeah. On July 17th, 1979, American President lines hosted a party on terminal for the Kurt Christening of the President Hoover, which is a ship. The event was attended by approximately 850 people, including the media, APL executives, and yourself. While at the party, I overheard conversations to the effect that you had gone onboard the president Hoover and indecently exposed yourself.

On Wednesday, July 18th, at approximately 10am, while in my office, I asked you if you had heard the same thing. You, at that time, readily admitted and took some pride in recounting the details of the incident. You stated you went aboard the Hoover Topside and exposed yourself during the party. Had your act been observed by the police, you would have been arrested for a decent exposure. Your actions show a total lack of control personally and showed contempt for the organization that has employed you since October 19, 1971. Since this was a blatant, self-instigated attempt to defeat the efforts of APL and promoting our image to the shipping community as a progressive professional organization. And since the act was of an illegal nature,

your employment with American President lines, LTD is terminated as of 719, 1979. The con boys be moaning. The con boys do a TV moaning. I just love that, you know, my dad wasn't a drunker, an alcoholic or anything like that. He went up there, stone sober, and was just like, you know what, you know what,

you know what would be a great bit right now is to get on top of this ship and show my ass to you under the feet on the president Hoover. Yeah, so that's just a fun little thing. So, but he got his job back. Yeah, he got his job back at some point. I don't remember, I think in the 80s. I think because when he had my first brother,

my brother Sam, my first brother, when he had his first brother, my brother Sam, my first brother, when he had his first son my older brother, in 86, he was like, I ain't gonna pay for this fucking kid somehow. Please, I'm moaning as in the past. Yeah, it's not who I am anymore. I promise. I'll have the kids do it now. It's harmless when kids do it. I'm a different guy. I got a great photo of us, my two brothers and I, in Laughlin, at the hair is in Laughlin. Vegas of not being Vegas. I'll actually, I'll share this one too. And I remember distinctly taking the picture. My dad was like, had to go down to the minivan for some reason and called up to the hotel room to my mom and said, hey, have the boys press their butts against the window.

And I'm going to take a photo. So it's just, at first you're like, what is this picture? It's just a picture of a hotel. But then you look and there's three, you know, eight-year-olds butts pressed up against the window. It's great. And I remember just being like, why are we doing this? And it's like, your dad wants to take a funny picture.

I'm glad he did. This is making a lot of sense. Yeah, it's a lot makes sense. Hey, so moving on. Guys, let's get a meal to 10,000 followers on Instagram, please. Yeah, let's do it. Yeah, we're so close. Just get them there.

Just take your phone out right now. After you've subscribed to the Trillionaire Reminds at YouTube page, which is more important. That link will also be on my Instagram page and while you're there, hit follow. Yeah, do that. I'm getting very self-conscious. People are DMing me like, why do you have so few followers? Yeah, it's pathetic, guys. You got to help them out. Get me to 20, why not? No, no, no, it's not about Ben. No, but it's about him.

Everyone at TMG Studios has way more. Yeah. And I'm literally not allowed to go certain places on the ship that says, if you don't have a, if you don't have a K in your followers. You can't go to the nice bath. You can't, yeah. Yeah.

The one I, it's covered in shit. Yeah, you get the one-ply toilet paper. It's horrible. Pathetic. Oh, man, we got a lot to cover. They hope they got. We got Russia. There's China stuff going on.

There's sanctions. There's all sorts of issues. Should we just dive right in? There's bad raising interest rates. That is raising interest rates. You want to cover that first and sets the most recent, as of yesterday, AKA two days ago, for those listening now on March 18th. Yeah, that probably is the most recent as of yesterday, aka two days ago, for those listening now on March 18th.

Yeah, that probably is the most recent. Yeah, it just happened yesterday. Come on. And come on. Cut that. No, don't cut it. Don't cut it. Leave it.

No more burps. No more burps. Sorry. That is a bad habit. Sorry, Mom. So what happened, yes. I was out of office all day. I can't talk about it.

You can't talk about it. I was on a game show. It seemed like you were doing something. Yeah Fed raised interest rates Jerome Powell gave his little speech and they It's what's he he's raising it either point two five percent to point 5% yeah, and it's gonna be one of eight Raises rate eight hikes for this year. Yeah, I believe so. Yeah inflation remains elevated reflecting supply and demand and balances related to the pandemic higher energy prices and broader price pressures the FOMC statement says

Boy, so they're projecting, you know, we've known this for a while. They've been telegraphing it to the market for a while. Well, so that's where I was gonna ask you. Yesterday was a funny, I expected everything to tank yesterday. Right, and why did you expect everything to tank? Because they don't like, it's bad for business, the higher interest.

Raising interest, yeah. So you imagine everyone's gonna get spooked. Yeah, everything's gonna go down. And yet what happened? It went down a little bit. Yeah, but then it everyone's gonna get spooked. Yeah, everything's gonna go down and yet what happened? It went down a little bit. Yeah, but then it rocketed back up. Yes Which is kind of a common thing on on fed days when the Fed makes announcements, but and I'm pissed because everyone it's I'm so annoyed at this phrase now. It's priced in. Oh, yeah. Oh god. Don't even get me started Yeah, it's priced in the market is forward oh god, don't even get me started. Yeah, it's priced in.

And the market is forward looking. But that's what the explanation is, right? Yeah. It was priced in already. When you have the market down as much as it already is, on, you know, you can attribute it to whatever you want. Generally it's Russia and it's the Fed tightening their monetary policy that has been famously loose for so long. Nice nice. Yeah, famously loose. Yeah.

There's there's very little downside that isn't already priced in, right? And when I say priced in, I mean, people have already had enough time to anticipate mentally prepare, financially prepare selling growth stocks, doing whatever hedging by buying puts on the S&P, by buying puts on the NASDAQ, you name it so that when you have a kind of buy the rumor sell the news event, where the rumor that everybody actually knows is the Fed is raising interest rates. Well, then they get spooked. When the market has come down significantly

and it's just been bad news after bad news after bad news and then you've got this thing where everybody's like this is going to be more bad news, right? And then everyone goes, well, we already knew about it. Yeah. And then what you have is shorts are covering and hedges are being closed and it just creates this feedback loop that leads to a big spike in the price temporarily. Like, it doesn't mean that it's gonna rock it back to all time highs, but basically in a nutshell, hey, it's probably not gonna keep going down because everybody has already had time to process this.

And this is more for like a short-term trader kind of thing. Right. Where, yeah. And boy, did I look out, oh man, lunch, baby lunch. Lunch, you got some fish coming your way. I'm actually so glad that I was out all day yesterday because I would not have made as much money if I was behind my desk

because I probably would have sold a lot of shit way sooner. But yeah, the feds raising interest rates and it's, I remember back in in 2020 off of the March lows, every bit of bad news, bad news would just cause more spikes in the market because it was like, okay, now it's out of the way. It's out of the way. What other bad news can there be now? Because the worst has already come in 2020 was like, oh, we got to more coming.

Yeah. But it just, that was the common refrain in the news and in finance media and on finance Twitter was the market is forward looking. And it's already looking past this thing that's happening now. I know that that's annoying, but that's what it is. You're basing decisions off of future things. So it's, if you already knew, it would be one thing if it was like, oh, the Fed, if the Fed hiked the rate to three times what it was, then that would be more

of a surprise. Like, oh, wow, they're actually ratcheting it up way more way faster. That would warrant that would have tanked that would have tanked it. Sure, probably. But just for it to be what what am I trying to say something more specific, even though I feel like I've captured the thought the market is like pretty cohesive. You ever see that call rev quote no, but what it's the famous Republican strategist. Yeah. People like you are still living in what we call the reality-based community. You believe that solutions emerge from your judicious study of discernible reality.

That's not the way the world really works anymore. We're in Empire now, and when we act, we create our own reality. And while you are studying that reality judiciously as you will, we'll act again creating other new realities, which you can study too, and that's how things will sort out where history actors and you, all of you will be left just to study what we do. Sir, all I asked was if you wanted fries with that.

That sounds like an Aaron's sorkin line of dialogue. He says he didn't say it, but I think he did. Maybe. Anyway, I'm not going to repeat myself, but basically, yeah, when something's priced in to everybody's sugar in, things tend to go in the opposite direction that you would think. As an amateur trader, try to think, hey, whatever I'm thinking is going to happen and should happen. I believe it's probably probably not gonna happen. Because you are the person that the market is trading again. This sounds exhausting.

It is. But it's also when you're playing fucking chess with the market. Yeah. But once you crack, once you understand that, once you see, hey, we've been going down considerably, you gotta adopt the mindset of, okay, look at the VIX. The VIX is starting to drop.

The VIX has peaked in the 30s and is coming down and we all know that rate hike is coming. So which is more likely to happen? That the market's going to continue going down or that we've already had time to process this and it's going to go back up. Or you could just put some money away and never look at it. That's true. You should do that instead. Wait, I have a question.

Hit me. When everything crashes and goes low because of some event. That's true. You should do that instead. Wait, I have a question hit me. When Everything crashes and goes low because of some event. Yeah. If you just purely invest. Mm-hmm. Is it a good time to start throwing more money in because It's probably gonna come back up Glenn, I don't know how to handle this question, but but no, no, no. I'll ask you off the air. I mean, generally speaking, I'm gonna try to answer this how Glenn would be proud of me.

Generally speaking, if I were a person who had money to invest and I had been waiting on the sidelines, and I'm not talking about individual companies. No, but not like waiting and trying to, like, if you're someone who just like has it a monthly thingset work, just, oh, sure. It takes out whatever, and you just don't think about it, right? Based on how much money you make, it just takes a little bit out every month to go. But then if you see it go down, is it, is it a good time to be like, okay, let me do

you more. I mean, sure, if you have the risk tolerance for it and you feel like it's not money that you need and you could stomach it and maybe dropping another 10 to 20% at which point, yeah, you could buy more. Sure, yeah. Just buy the dip and keep buying the dip. Well, Warren Buffett famously says,

never bet against America. Now, we're also living in a time where yeah, when did he say that? He's said it repeatedly for the years But we're also living in a time where just old idioms are fucking broken just everything is What is it an idiom? I mean never bet Against America was a good thing to say for a long time But I think it's becoming less and less of a... Yeah.

I mean, Saudi Arabia, and who was it, China? Saudi Arabian China are talking about switching from the petro dollar to the digital... Yon, yeah. Yon, yeah, you won. But I read a thing about how that might not work for whatever reason it has to do with like, I don't know liquidity or something Speaking of liquid. I mean just on the I want to touch on China, but I'm really pissed off because the Biden administration is now blaming fucking everything on Putin. Oh well

I mean driving me insane. Hey gas prices are high. It's Putin's fault the hey, you know inflation It's put, get your... Jerome Powell was doing it too. I mean, he said that he said, the invasion of Ukraine by Russia is causing tremendous human and economic hardship. The implications for the U.S. economy at a Harley and uncertain, but in the near term,

the invasion related events are likely to create additional upward pressure or inflation and weigh on economic activity. Which actually means that that's even more of a reason for them to raise rates because it's gonna cause more inflation inflation. But I mean, that's something that he can't necessarily combat if the inflation is due to geopolitical issues and not. But the inflation has been going on for a long time. Yeah. And they've been changing their line more and more. They've been gaslighting everyone in America straight up. Right. I don't think it was, there's, sorry, go ahead.

I don't think they should, I want to be clear, I don't think they should be raising rates higher and higher. And it gets, that's gonna cause a recession. Right, but that's the tricky part is if you don't, inflation could spiral out of, it could go further and eventually cause a recession in itself. That's where the Fed has put itself between this rock and hard place is like we've been on this heroin addiction of monetary policy and the longer we're on

it, the harder it is to get the system off of it. Right. Look at what the Fed has been signaling a quarter of a percent increase and the market goes, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh,'re gonna do it very, very, very, very, very slowly. It's pathetic. And it's like they should have done it sooner. We had no reason to be on this shit for the last 14 years. And yet we were because the market was, it's like they cracked the code.

It's like they realized, hey, this is the way to do it. We just keep putting liquidity into the system and it's just infinite money for free forever. I'm also really, really, really, really dumbing this down and it really isn't that simple, but at the same time, it kind of is. Yeah, but I just don't know if that's gonna solve our problems. It's, everything is gonna continue to get worse, right? Yeah, but I just don't know if that's going to solve our problems.

Everything is going to continue to get worse, right? With all these supply chain issues, oil prices, I mean, we haven't even touched on the China stuff, but that new Omicron variant is going to rip through China. I think it already is. The last time I left, they locked down like 50 or 60 million people. South Korea had like one percent of their population. That's not going to help with the supply chain issues. That's not going to make cars cheaper.

The good news is it's not as deadly. It's ripping through South Korea right now, but it is not as deadly. Yeah, that is good news for people, but that's not good news for the world. Yeah. Yeah. I honestly have not read up enough on what's going on with that to talk, to speak to how that is going to affect things. I mean, but the fuel prices are,

supply chain shit. Yeah. The, like Joe Biden, for example, everyone's kind of pretending like they can't do anything. Like, did you see the tweet? I think we have it. It's a, from Sarah Bloom, Raskin? No, no.

He's just a... Biden begging oil companies. It's just a weird oil prices are... So everyone's complaining because the price of oil is coming down. But people aren't seeing it at the pump. And so Biden has said oil prices are decreasing. Gas prices should too. Last time oil was $96 a barrel.

Gas was $362 a gallon. Now it's $431 oil and gas pump oil and gas company shouldn't pad their profits at the expense of hardworking Americans. And it's like, this is all we can fucking do, right? This is this is the best we got. We can tweet at oil companies to ask them to bring... He didn't even tag anybody. No. I mean, what did help? At Chevron, please. Some social media managers like, I gotta hike this up the chain. But energy prices are a huge

factor in inflation. And so, I mean, we can be doing things to get that under control, right? We're just not. Yeah, especially here in California, we could cut the temporarily. Exactly. And that's the thing. Like, you just stop the fact. It's just a reminder of how fucking ineffective our own government is. Oh, yeah. If it all. And like, even if you wanted to argue

that it would hurt Chevron or Sheller any their stocks are at all time highs Like what It's already you've already won you've already gotten You've already reaped the advantage and the benefit of this To its maximum extent you've already gotten the bonus, you've already gotten all the shit. What in the fuck is the problem?

Why can't you just be it? You know what? I implore you, Chevron CEO or Shell or whoever the fuck is out there. You ghoul, probably 60 year old white dude. What the fuck's your problem? That. Why do you hate America? He just...

America's made him a lot of money. Well then, why don't you pay it back a little bit? Oh, my God. Just a little... Give us something, please, sir. I know that you're probably a full on psychopath, but there's a heart in there somewhere. Or maybe not., prove me wrong. You know what I would do?

What? Nationalize the oil industry. I'll, uh, Brazil. Sure. Take, take, uh, buy a controlling stake in Exxon mobile, Chevron. What's the other one? Big one? Canoko.

Canoko, Phillips. Yeah. 76. Yeah. We could get it for a bargain, like 350 billion. Yeah, it really is. Bring the fuel prices down. Yeah. That'd be nice. And then you can usher the fuel industry out the door. Or like Texas. Texas has cheaper prices because they've got it's all within, pump and they they refine and they Texans, they don't pay a state tax. Come on, man, get your shit together, California. Get your shit together, America. Right. So Biden in the like in the short term, he could drop the federal taxes. They could do work with states. And you know, you could probably bring it down 50 or 60 cents a gallon. Yeah, you could use get upside the app that I've been

chilling and giving you the promo. So many people have asked for my promo code, you know how much I'm getting off per gallon on my next thing? How much, how often are you getting off? How often are how much? How much are you getting off? Uh, like $3.60 a gallon on my next tank. Because people are asking for the code.

And you get the code, and then you get 15 cents off. I downloaded it. And then you give it the code to other, you're all your friends and family, and then you get it. I downloaded it, I didn't love it. You didn't, I mean, sure, it's just, why? Could you get five bucks? Five bucks, I was just an app for everything these days.

They're truly is, eh? No, it was just like, I gotta go to specific gas stations. Oh yeah, that is the thing. You gotta go to the specific gas stations. And so like, I just go to the cheapest gas station by me already. And like, the participating one, it was like 12 cents higher or whatever, and I'm like, I'm doing the math here

and I think I'm, doesn't, okay, yeah. For me, a guy who has to use premium gas. Right. For my old-ass car, I only go'm, okay, yeah. For me, a guy who has to use premium gas. Right. For my old-ass car, I only go to Chevron, but Chevron doesn't participate, so I'm going to the 76. Whatever, anyway. But there's a lot going on at the Fed.

One more thing I want to say. Yeah, one more thing. These, they're down three board members. And so, you know, in all these, because they quit. Yeah. Yeah. And all these incredible, difficult, incredibly difficult times. The board only has four members right now. One of them, there was a nominee, Sarah Bloom-Raskin. She's not like a radical person. She just had to withdraw her nomination because she's not going to get the votes from any Republicans and one Democrat. Can you name the Democrat?

It's either that woman or that guy. It's Joe Manchin. There it is, Joe Manchin. He's either a Christian Zennemar or Joe Manchin. Yeah, that's what, yeah. Joe Manchin doesn't want her. And the Republicans don't want her because she has been outspoken that the Fed and other

regulating bodies should do anything about climate change. Oh, oh, it's a climate issue. And you know, Mitch McConnell doesn't think that the person who's going to be overseeing the regulation of banks should should advocate for any change any policy around climate change. Suck my dick Mitch McConnell. She so she apparently wrote some article last year. I read it and it's this she's not like radical at all. That's literally all she's saying is like we should and she kind of takes a dig at the American government and is like the American government is not good at reacting to a crisis that is coming.

They like to let it hit them and then they go, okay, what should we do now? And then do very little anyway. Sure. Um, we've all seen the disaster movies. Right. So it just, it doesn't feel great. It's, uh, we're so fucked. I mean, we're so fucked in so many ways for so many reasons because of our elected officials who are all going to be dead in 10 years anyway from, uh, I mean, watching Joe Biden do this with the oil come. It's, it's

so frustrating. Every fucking four years, they go, this is the most important one. You gotta get him in. They go, all right, Jesus Christ. And then he gets in and you're like, do something about it. And they're like, he's one guy. Yeah. What do you want him to do? You go, well, what the fuck?

I don't know. Well, it's the, then it's the house. It's the house representative. So we have a majority. Right. Okay- Well it's the- Then it's the house, it's the house representative. Or we have a majority. Right. Okay, so what's the reason? Ah, it's the- Look, there's a-

Hey look over there! Ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha- for dual presidency. I'm nationalizing the oil industry. We need to have... It's gonna be sick. We need to have a council of elders. Why is elders? You have these insane ideas. We need an internet, feed street, and a council of elders to run the country. Or some kind of sophisticated AI.

The tools are all there already. They just refuse to use them. Yeah, like... Because they don't know how to use power drills and whatnot. They don't know how to change out the bits. No. They're just feckless cowards. Feckless, damn, you read a book or something?

It's made over here talking about feckless. Like you wanted to talk about price controls and stuff. Like JFK, dead, famously dead. And look, this is where it got him. So, I don't know if I can do it. No, it's the bullet that got him, but go on. Like he worked out a deal, I mean, I forget all the details. He worked out a deal with US Steel.

Stop looking at my hands. US Steel, ticker symbol X. Worked it out with labor, everything. I think labor was gonna have to take a hit on wages. Yeah. To keep prices of steel low. US Steel was like, yeah, sure, sure, sure, agrees to it, and then they raised prices anyway.

And he's just like, you know, fuck you, JFK. And JFK, there's this famous quote, I think he said it in private, but it got out. He said, you know, my father was told me every businessman is a son of bitch, but now I really know. Mm-hmm. And then he got his brother killed.

No, later, he got killed in 68. Uh-huh. The AG, to go start fucking rifling through all their papers, he's like, we're gonna fucking, Mother killed no later he got killed in 68 the AG To go start fucking rifling through all their papers. He's like we're gonna fucking we're okay. Yeah, we're gonna sue all you For fucking corruption and he they jammed all these fucking steel companies up and they finally relented and they were like all right We won't raise prices anymore. Wow do something if I was Joe Biden I mean yeah Joe Biden I'd be fucking having my AG go fuck with Joe Manchin. I'd be sending explosives to the man. And I'd be like I'm gonna get your fucking daughter It's not over my head. You're just talking as I'm talking. I can't go. Oh

Ben's talking now I'm listening to you. I'm just inserting a little Stupid shit. Yeah, go on if you were Joe Biden. I'm getting all pissed off. No, no do it. I'm just inserting a little stupid shit. Yeah. Go on. If you were Joe Biden, I'm getting all pissed off. No, no, do it. I like what you were saying. If I was Joe Biden and Joe mentioned wasn't getting in line, I'd be like, well, that's too bad. It looks like we're investigating your daughter for fucking price fixing at my little labs. Oh shit. But, you're talking. You're, you're, you're, wouldn't you argue? I feel like you would just as well argue that that is an overreach of your power as president.

No, it's fucking not to be like, hey, to have the attorney general look into corruption and price fixing at a huge pharmaceutical company. But only because he's not doing what you want, right? No, this motherfucker got elected on getting shit done. Go fucking do it. Yeah, okay. Well, don't be a little fucking baby you

should take a note from Joe Biden's book and tweet at Joe Biden I heard that seems to be effective right do from a private account you do it say check the male you should check the male yourself this week speaking of of mail bombs, there's a, there's a great movie out right now on mail bomb. No, no, it's about, um, it's about Ted Kaczynski. Oh, we love Ted. It's, um, it's, uh, it's, uh, it's star Charlottes co plie, who's my favorite, he's one of my favorite actors, him and Riz Ahmed. But they're,'re, it's on, I think Hulu. Yeah. All right, maybe I'll check.

It's cool. It's a little bit more festive. No, it's too many words. It's really not, it's like 60 pages. Oh, okay. It's short. He basically says tech is bad. Kind of.

And he's right. Yeah, he wasn't right about the bombs. The CIA radicalized him. Yes. You gotta look and do it, it's crazy. You know what he should've done? You know what he should've done instead? Yeah, Ted K, that about the bombs. The CIA radicalized him. Yes. You got to look and do it. It's crazy. You know what he should have done instead? Yeah, Ted K. That's what it's called. You know what he should have done instead? What should he do? He should have sent glitter bombs through the mail. A more modern, a more modern harmless take.

Glitter terrible for the environment famously. It is? We've said famously like four times in the system. But it's our thing. It's our calling card No, that's like no people people in the comments saying my calling card is exploding nail boxes at the Boy Wait that reminds me that we wanted to talk about the fucking The White House inviting all the tiktokers. Oh, yeah, yeah, the Biden administration. The Biden administration is gonna start working with digital creators.

We didn't get invited, because apparently you make one joke about sending a bomb to the White House. And now you're on a short list of digital creators, they don't want to help spread State Department propaganda. I can't fly anymore, either on the no-fine. That's not true.

Biden is using TikTok to fight back against Russia's reportage use of influencers to spread propaganda. Really leaning into the word influence, huh? What do you mean? Because they're influencing people, truly. Usually they finally are actually living up to their name. Usually they just ruin your favorite restaurant by telling everyone to go there.

Yeah. But now they really do. They're gonna make this geopolitical event more confusing. Yeah, I don't know how to feel about this. Me neither. Don't get your fucking news from a TikTok influencer. Find a journalist you trust and try to follow along that way if you can. Even that's confusing. I mean, everything I'm reading is like, it's like, is this real? I mean, literally in the financial times yesterday,

it was like they're getting closer to peace talks like and I'm like, fuck yes, this is great. Let's wind this fucking thing down and like stop the madness. And then it's like, that's Russian propaganda. He's trying to get everyone to cool off so he can rearm and you're like, Jesus, fucking Christ, I have no idea what to believe.

I really don't need more. And I don't think I'm going to believe people taking it right from the US State Department. Yeah. This is true. Don't fight until me. Check the mail. Just doing fucking dances. NATO has never done anything wrong. Crime's against humanity that Russia has done.

Boring, crimes against humanity. NATO has done. And it's just nothing. Don't look in Libya. Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha Funny watching, I've never seen anything like this in my lifetime, I don't think. Lindsey Graham just out, right? Oh, calling for the assassination of his. Is this wild? Yeah, I hope he will be taken out. One way or the other, I don't care how they take him out. I don't care if we send him to the hagg and try him. I just want him to go.

Yes, I'm on record. Please understand. Senator Lindsey Graham, if John McCain McCain were here and he'd be saying something that guy under the bus. It's time for him to go. He's a war criminal. Okay, positive real fast. Between the C-SPAN logo kind of looking like the Pillsbury logo and Lindsey Graham looking how he does, he looks like they they ran electrical current through the Pillsbury Doeboy and he turned into a man. He looks like the Pillsbury Doeboy. He does kind of. I'm the Pillsbury Doeboy and I hope I hope they send him to the Hague. I hope they send Putin to the Hague and he gets

tried. I mean, that's one thing, but truly just I asked him for him to be murdered. Is insane. I don't think that's going to help. No, it would not. No. It would be, it would, it would, cause he's, Putin's got the like death switch, right? Where like if he dies? No, I don't think, I don't think he,

I mean, that's not what I'm worried about. I just don't think he gets killed and everyone goes, that's over. Yeah, geez, thank you. Yeah. What's gonna happen if Joe Byron dies in like a confusing way? What name a confusing way? Like, you know, he like a bomb comes to the white house.

In the mail. Like checking the mail. Oh, I'm just checking the mail. Oh no, and a glitter bomb goes off and he chokes on the glitter, but it gets misconstrued as being like an actual, a close to die. So that would be confused. Oh, does Kevin O'Leary have something? What is he have?

No way. And we'll end up in a hunting accident very shortly. Take a country like Switzerland, which most dictators keep most of their life under the f**k. What is f**k? Including the 35 or 4,000 oligarchs and generals. That's where their money was too. And now all of a sudden it's not accessible.

The banks there have the first time, and I've ever heard of, including the Second World War, they didn't do this. They've shut off the access to that capital. And, you know, I'm just speculating, but this is going to put tremendous internal pressure on Putin because the lives of these people that were his friends and supported his political ambitions,

all of a sudden have no access to their family's wealth. My prediction is that Putin will end up in a hunting act. Wow, great looping. This is a problem with the whole fucking like constant content creation flow. It's just like everyone is like, I have a stupid thing to say. Turn on the fucking camera. I mean, I kind of agree with him. But all fucking spec, what are you talking about?

You know what he's talking about? He's talking about if Biden did the same thing to me and my rich buddies here in the United States If if Biden did the same thing and and like made it hard for all the rich guys to get their money He would be drinking what does he say he may, the caption of this is, or he may drink poisonous radioactive tea. That's redone, Jesus. Yeah. I mean, God, what?

God forbid, do not feed him poisonous radioactive tea. He might turn into some kind of super soldiers. The radioactive. All I'm saying is, I don't think killing Putin is gonna solve the problem the way they think it will. kind of super soldiers. The radio. All I'm saying is I don't think killing Putin is going to solve the problem the way they think it will. There's a long history of taking out heads of states and it's not it doesn't tend to play out well. Yeah, it just causes chaos. Not only that. I mean, Lindsey Graham ever the fucking statesman just like that's a pretty escalatory thing to have fucking senators be like yeah, take him out kill him. Yeah, he's a dipshit

I mean he his word means nothing, but you know, you know who could take care of Putin. Oh my Elon Musk He he hereby. God. He's such a fucking. He's our hero. We we deserve him. He's Ironman Elon Musk is Ironman. Did you know he's like a comic book real life version of iron man because he's rich and cool so he says I hear by challenge Vladimir Putin and he wrote Vladimir Putin in Russian and he says to single combat stakes are Ukraine. What does that even mean that the stakes are Ukraine does that mean Elon Musk wins Ukraine? Yeah Elon Musk gets he gets Turn it into a Tesla factory. Yeah, cuz everyone has to everyone has to build Tesla's there this precious cobalt in Ukraine

Fucking guy isn't Putin like a fucking big Marshall arts guy and Taekwondo or something so basically put any fucking XKGB Yeah Putin take the offer. Take it. I think he would fuck up, Elon Musk. Show him out. Please don't accept the tap either. Although it could be one of those things where I think I have seen videos of Putin doing martial arts

and like, he sucks. Well, everyone's just afraid to touch him. So like, he's kind of just standing there and like, you know, a lot of guys start running at him and he's like, boof, and they just kind of fall to touch him. So like he's kind of just standing there and like, you know, a lot, a line of guys start running at him and he's like, boof, and they just like kind of fall to the ground. And it's very, you know, kind of like an honorary doctorate that they give Shaq that Columbia University. It's very like a King Kim Jong Uni where it's like, you know, you remember they said that Kim Jong Il scored an 18-year goal. Yeah. You got a hole in one. I know. Oh, there you go. Oh, there you go.

Here's the thing. What if that was true? Wow, damn, look at this photo of Putin. Oh, that actually, you can't really fake that. Unless the guy jumped. Yeah, maybe it did. It's Putin taking down a guy. So Putin is 70.

Yeah. Elon Musk is probably 50. We should send Putin some mail. Some fan mail. We're gonna get taken off of YouTube. No, no, no, no, no. We're just talking about sending mail. Just to be clear, these are glitter bombs.

Yeah. Well, they're not any kind of bomb. They're just, you know, it's just mail. Yeah, it's just mail. Just open it. Yeah, just open it. It's just mail. See what's inside the package. You didn't order a package? Well, then it's a present. Right. See what's open it. It's just mail see what's inside the package you didn't order a package

Well, then it's a present right see what's in there open it up. Come on. I eat up and we'll tell you Good good go back to Dumb and Dumber She'd up we'll tell you Man so China I wanted to get around to China China's's got some big, big, big shit that just happened and I am, oh man. So, okay, here's the thing. China stocks have been getting taken to the woodshed.

Hey, you don't gotta tell me twice. You know I bought it in heavy on Alibaba and I have just been watching it since. Just tank. Tankola, it lost $600 billion in value, aka 70% of its value since October 2020. And the reason why that is, basically, if I had to sum it up is,

Chinese companies, when you're buying shares and companies that are Chinese based, you're not buying actual stock, you're buying what's called ADRs. And ADRs are like, can we Google it real fast? Alternative dispute resolution. Yeah, ADRs are securities that represent shares of non-US companies

and they are traded on US exchanges. I cannot, for the life of me, remember what it actually stands for. Give it a try. I want to say additional dwelling unit, because I'm so used to seeing ADU. DICK ROCKER. Absolute dick rocker? Yeah.

Ah, there it is. American depository receipts. Depository receipts. So anyway, you're making what? Sorry. It flashed back to that Putin fucking flipping that guy over. It's just kind of sick. That's gonna be my phone background That's what I want to do to the CEO of Chevron or Lindsey Graham

Listen here motherfucker Stop saying stupid shit lower gas prices motherfucker and give me a million dollars, please so America American regulators Well, American regulators basically said, hey, Chinese companies, you have to submit, you have to submit to audits. We have to be able to, American investors need to be able to, you know, your books need to be audited, basically. And China pushed back and said,

no, we're not letting a foreign country dictate that kind of thing for our companies. And America went, shit, usually that works. Yeah, but not only that. No one's ever said that before. China themselves was cracking down on their own company and being really, really hard on their own companies. Again, I am really dumbing this down.

But what that did was, that hard on their own companies. Again, I am really dumbing this down. But what that did was, that makes investing in Chinese companies terrifying because there's no, okay, are you actually buying the company that they're claiming to be when they're sp- Hey, we got $50 billion in revenue this quarter, really? Can we check? No, you just take our word for it, essentially.

So all these companies had just been knocked, knocked, knocked. And then two days ago, they just totally reversed course. And here, let's pull up this thread. China's top economic czar told regulators to back the hell off tech companies kind of. So here's a thread with some of the details. So vice premier Liu He called a meeting of the details. So vice premier, Liu He called a meeting of the country's top financial policy making body, top of the agenda was stabilizing capital markets, because the stocks have been absolutely plunging

over there down 5% of the close of Tuesday trading. The biggest fall since February 2020. And the hung saying, which is like the, I believe that's the Hong Kong. No, no, it's not. Anyway, it was down 6.6%. So this guy stepped into reassure investors, promising to support all companies wanting to get listed overseas. And two, this is really important. Formulate a plan with US regulators to resolve issues around US audit requirements for US listed Chinese firms. And three, implement, quote, standardized transparent and predictable regulation for platform companies. So, oh, and complete the crackdown of major internet platform companies ASAP. So they're basically saying, hey, the worst is behind us in terms

of the crackdown. And we're also going to start working with the US to be a little more, give a little more leeway. So fuck me. Alibaba was up like, I don't know how many. It was every, every Chinese stock was up. Fuck, ten yesterday. I think when I checked it was up like 50% or something. No, it wasn't up 50. Alibaba?

Maybe I pulled it out further. Yeah, probably. You probably, wasn't up 50. Alibaba. Maybe I pulled it out further. Yeah, probably. You probably, yeah, went on because and I have shares and I almost sold it like 78 bucks. Because I like to pull it out and really see how badly I've been doing. What? Is that a new window? No, like pull out. Oh my god. Zoom out. Zoom out, you mean? Yeah, zoom out. I thought you were making it in your window. So yeah, it hung saying then, I remember checking and it was down like 5.5% and then overnight it shot up like 20%.

Yeah, just, so what's interesting is if you look up, this is where they get clever with their fucking ETF names. Yang, Y-A-N-G is a triple leveraged Chinese bear bearish ETF was down 63% yesterday. God damn. Just absolutely plummeted because it's, it's an ETF that goes up when Chinese stocks go down. So it stands to reason that when Chinese stocks go up, that thing comes down. So just something to look out for. If you've been curious about, if you've been watching Baba and Baidu and JD and Neo

and Xpev and other Chinese stocks, take a second look because I was going to talk about how scary it is to buy Chinese stocks that are down this much because it's very tempting. But then the regulation and all that shit is still ongoing. But now it'll be interesting to see how this plays out because it is still very preliminary. But if they are conceding something in terms of the auditing thing, that would be very, very big and a very, very big step toward kind of normalizing this. Because what was going to happen was a lot of these companies were going to then take away their US listings and just list on the Hong Kong. Didn't some of them get delisted?

Yes. Okay. And are they getting re-listed? I have no idea. That's a good question. I'm sure if they, you know, abide by all the regulations and everything. Yeah. But it's tough.

I remember buying one of the first stocks I bought was this, the solar company called LDK Solar. And they were claiming billions of dollars in revenue and lo and behold, a few years later, they were totally just bankrupt, de-listed because it was all bullshit. They'll claim like, and they won't even be, they won't even be, what do you mean? What do you mean?

They, I mean these companies, these companies. They won't be be, they won't even be, what do you mean? Subtle about it. They, I mean, these companies, these companies. They won't be subtle about it. It'll be like, oh yeah, we're fucking $20 billion in revenue last quarter and we've got $50 billion in cash and no debt and all this stuff. And it's like, okay, but you're trading at a billion dollar market cap? What's the catch?

Well, the catch is that it's too good to be true because it's not audited. You're a hater. Speaking of hate, should we talk about AMC? Yeah, they already don't like us. Who cares? Yeah. What the fuck? So you wanted to, what happened? So AMC bought, I think a 22% stake in

high craft high craft mining company in Northern Nevada Nevada they mind Silver and cold Yeah, I don't know I think the apes are happy. I don't I don't quite know how this acquisition helps a Entertainment and movie theater company. Yeah. But I'm sure they know what they're doing. I'm sure that the apes are all bending over backwards multiple times to make the connection for why this is actually a genius move. Wait, that's a funny response. What? Sorry to amc apes. This needs to be asked, how will a gold silver mining company bring any value to a film entertainment industry? What benefits does this bring to your investors?

You're not a hedge fund. You shouldn't be diversified. You should be all in on your company, right? Well, it's because you will think about it. First of all, if you're too stupid to figure this out, then you're just, you don't deserve to be a millionaire. Okay, straight up. Second, the short squeeze hasn't even happened yet. Okay, the MoAS is coming.

Right. And this is actually a really genius play. Anyone who thinks it's stupid for AMC to be buying into a mining company is just fun. Well, having you ever gone to the movie theater with your friends or your partner, and you wish... I wish I could buy gold here. Yeah. Well, now you're going to be able to gold is actually really a valuable,

a really valuable resource. And this could be this is just the CEO being really smart and making. See, I can't even get through the. Maybe we can do. Um, they can have gold dust around so you can salt Bayer popcorn. Ooh, oh, great idea. I've been losing my mind at his fucking like the TikToks of him, like doing it. You know how he made us, he started a stay-couse in London. Yeah.

Well, people, you spent so much money to go there. And it's not worth it at all. The whole thing is the gimmick of you get to be around fucking salt bay. And because of that, he has to be there and do it for you. So everyone has these like tick tocks and reels of going there and being like, it's great. And then he has to ham it up so much. He brings a stake out and he like pulls the knife out cool or what he thinks is cool. And then it's just like cutting it like. And then he, you know, he does the thing

and it lands on the arm. For this moron to cut it in a stupid way. Yeah, that's it. But they have gold, edible gold. Yeah, like a gold coated fucking steak. I've eaten that shit once. Not steak, but it was gold something. Doesn't taste like anything. Yeah, of a gold coated fucking steak. I've eaten that shit once. Not steak, but it was gold something. Doesn't taste like anything.

Yeah, of course it doesn't make it taste better. It's just purely for you to tell people you did it. Yeah, it's pointless. You better pan for your poop and get your money back. Seriously. Yeah, I go sell it to a jewel. Hey, you can sell it at AMC. Look at this.

He's got gold leaf covered Tomahawk steak here. I mean, buddy, wait a milk. You're a good friend. If there are that many suckers who will come to your restaurant for this. Yeah, like I can't even blame him. And everybody, every single person who goes there and spends, you know, five grand on dinner, every single one when they leave, gotta have the same conversation in the car, no matter how rich they are. Well, that really wasn't worth it, was it? Well, I'll never do that again. Yeah, okay, so we did it once and that's it.

Right, you know, how is this, how is this restaurant not failed yet? Cause they mark up their shit, like 10,000%. I think a Coke costs like 20 bucks. No. Yes. Have you seen receipts from the people posted from this place?

It's like the cheapest thing on the menu is $90. Jesus. Yeah, it's insane. I don't get how out of principle. You're just like, I'm not eating here. Right. Exactly. They probably charged to use the bathroom or something salt babes

Yeah, here's a receipt Oh my god one barada. Oh the new threat salad 23 dollars Two prong temporals 60 dollars the giant Tom Hock steak 630 dollars shit four red bulls 44 dollars $30 shit four red bulls 44 dollars Two correct night. It's nine dollars nine dollars two dollars You know, we better get a refill on that shit a free refill god Holy shit 15% service charge 236 bucks that waiter's making good for them

That's a six figure job right there being a server that's this but you know, oh, okay, they do include a server starch because this is in London. They don't, they don't, they don't tip like they do in America. Oh, you got only tip. We got, oh, it was a fucking tip. You know, four dollars from being, here's a tip, fuck off. Yeah, here's a tip, here's a call.

Hey, you come out, Saltley saying, I'm gonna Saltley, oh, you fucking, you're gonna do this and fuck. Ugh! Okay, that's enough. So it's funny that HighCraft has a stock. And I think it opened up and then just traded down all day because these pathetic people can't even,

they just can't win. And if you're still out there and you're still making up stories for why the stock's not going up, I can't help you anymore. No, there's no helping you. I wish you all the best of luck. Just haven't seen it yet, it's coming. I hope, I really do.

I genuinely... No, listen to him, fudge. I, no, I'm saying, I hope that it goes that now you're reverse jinxing This is actually everything Ben does is fun. I'm a paid shill from by Fucking Ken Griffin. Yeah, King Griffin. I'm in his back pocket. He works for Citadel Yeah, I work for Citadel get the fuck out of here Ryan Cohen's tweeting about shorts now, too He's trying to put he's trying to tweet like What's his name?

Elon Musk. Is it is it yeah, is that he's being a little musky? It was someone it wasn't Michael Burry. Who's the connection we were making? Yeah, I guess Elon Musk. Yeah, he's trying to manipulate the stock via tweet Next thing you know, he's gonna be like, a manual Macron, I will fight you, Fist of Cuffs. Macron said that? No, remember Elon Musk was challenging. Oh, yeah. So he's a Christ challenge.

See now, this would be a time where you go. You're right. Cause that one went over here. Well, and earlier, just to be clear, when you were doing that, I was listening. I'm just trying to insert a dumb little bit. No, I totally didn't. But for you to go over your head, it's like, no, I just can't stop and go very good. Now, let me continue. Oh, no, I know I was in the middle of saying something and I was kind of heated, but really nice stuff. Let me get back shit

It was really great wait look who responded to this tweet. It's our Sebel wait wait so Ryan Cohen said Shortsellers are the dumb storm troopers of the investing galaxy Wait, wait, wait, where is it? Where is it? And also Shut the fuck up right going shut the fuck up and what did Terrible say? Facts keep this up and I'm about to go all in on GME. What are you waiting for? I thought you already were yeah, I thought you was this is fun. You're not all in yeah do it right now I thought I thought you wanted to be a millionaire

I thought you wanted to be a millionaire Tara Terrible what are the responses to to Terris Tweed? I'm you wanted to be a millionaire. I thought you wanted to be a millionaire, Tara. Terrible. What are the responses to Tara's tweet? I'm just curious what people are saying. This you? Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha Oh, these people. Oh my God. He's got mayonnaise for some reason. Is that King Griffin? Oh my God. And Citroen research. Woo.

So, these people, there's just no helping them. Yeah, that's got to mean something. Shortsellers, sure are dumb. Listen, I'm not a fan of manipulative short selling, but short selling does serve a purpose in the functioning of a market, because I'm not gonna get into that But it is necessary. Does it need regulation?

Absol! Fucking loot me! I've had stocks that I'm in get absolutely Reamed because of Citron that motherfucker. I'm glad he's getting investigated stupid pieces shit Wait, can we talk about the poop water? Yeah, I was just going to say, yeah, let's talk about the doo-doo water. So you guys know we're big fans of the, uh, the shit checker. Oh, yeah. The shit checker's been working overtime. I mean,

we shouldn't joke. It's, it's only money because it happened so quickly. Yeah. And I honestly thought, I thought, I thought, you know, look, we're in that like nice two to three month period where we get to, look, we're in that like nice two to three month period where we get to, we get to pretend COVID doesn't exist, right? Transmission rates are super low. Yeah.

But what do you know? The poop lot. The guy checking the shit says there's COVID all in the shit. It's not, it's not showing up on, it's not showing up in tests, but here, end in Europe, there's so much COVID in the shit. Yeah, the guy dipping his up in tests, but here end in Europe. There's so much COVID in the shit. Yeah, the guy dip in his finger and in... Yeah, there's more than that. Mr. President, have you checked the shit?

Mr. President. I got bad news. I hear you sitting down for this. And look, it's funny right now, but it fucking really sucks. Yeah, coronavirus rates have risen at 38% of wastewater sampling sites tracked by the Centers for Disease Control and Prevention of the last two weeks. I mean, yeah, of course. It's gonna, it's gonna, apparently it's a new Omicron sub variant. I don't fucking know.

And Ben says it's less, uh, I'm just like, what point do we just say, okay, yeah, we know we're gonna live with it, right? Not really though, do you? But we can't convince everybody at this point. We can't, it's not gonna work. No, sure, I'll say this, like I don't think we should lock down and stuff, but to my point earlier about which Sarah Raskin bloom was making, that America is not good about seeing a crisis coming and going, let's respond to that. They just cut COVID spending. There was like 22 and a half billion dollars

in COVID spending that we had that was going to go towards vaccines, ordering more of those anti-COVID pills. So they said 20, whatever, they ordered like, I guess 20 million, they're not ordering any more of those. Democrats said, Oh, we're going to, we'll try to push, because it was part of a larger spending package. They were like, we'll try to push through a separate COVID spending package. And it's like, that's not going to fucking happen. So we're going to get hit again. We're not going to have the resources to deal with it at all. They're going to try to cobble something together. It's gonna be horrible.

So I mean, and that included stuff like treatment and testing being covered for uninsured people. That's a big one. It's gonna hit people fucking hard. And so look, I'm not even surprised though. You don't have to convince people to lock down again. I don't think we're ever doing that, but fuck, we can at least have the resources to mitigate this thing.

We can at least make sure people can get treated. Right, I agree with you there. I was thinking more long ago. And tested. Right, I was thinking about information. And like, are people going to even, because people have now trust in American media and politics, politicians is like, it's non-existent. We don't trust anything anymore.

Yeah. Who's well, does that? Everybody's. Politicians, mainstream media, corporate media. We'll agree. And now it's the country who cried wolf, country who cried COVID or whatever the fuck. It's just, it's, it's, so that's why I'm like, why even at this point, okay, you know, we tried

and that's it and we tried, are you talking about the American Empire? Yes. We tried and now the sun is setting. It is slowly setting and hey, you know, Warren Buffett's thing about not betting against America, does it die with him? It might. Who knows?

I think it died a long time ago. I think people need to start preparing to live in a multipolar world. Just check your mail. Just keep checking. You know, I do actually really am satisfied with the United States Postal Service as of recently. I have had nothing but good experiences with them. I just ordered more tests. Fucking tests. Yeah, I got to get another one. I've been testing.

I do know how shocking it is to see a government program work work. Yeah, I gotta get another one. I've been testing me. I do know how shocking it is to see a government program work work Yeah, it's it's pleasant least I mean that's the thing we're joking with the Oh, you weren't on the call. I was joking with the producers about how I don't like Jen Sackie and Cuz she's condescending and I know it all and you know what look? I think she has a hard It's the worst fucking job in the world sure you gotta like gotta lie every day every day Just they're going just go out there and fucking lie through your teeth Yeah, and you get asked hard questions and look everyone loves her because they cut the clips of her getting a question from like a Fox News reporter And she like donks on them and they go like yes, that's my press secretary. Yeah

Those people are stupid too. But there's a lot of her covering, lying, being fucking condescending. And one of those huge ones that everyone's seen, I'm sure we've talked about it, was someone going, can't you guys just send out tests everyone? And her going like, well, you know how much that would cost? Yeah. Well, no, I don't even think he asked that. I think they were like, can you do something? And she was like, what do you want us to do? So now test everyone.

And that's a thing that was so doable. Yeah, look how quick they did it. Look how easy it was for them to do. Right. And it goes back to what we were talking about before, with Biden just going like, please, do something about these prices. It's like, you do it, motherfucker. prices. It's like you do it motherfucker.

Yeah. Get in there and fucking do something. Choke him out. Literally, yeah. Like quit fucking going out, ask Ford and be like, please punish me. Threaten doing best. Threaten doing best to get their children.

It's just fucking, you know what I would do? And I'm dead serious. If I were Biden and I really really if I were an effective politician And I were on JFK mode You know if my head were still intact. JFK mode head intact. Yeah, pre you know if I were on JFK mode Preconvertible right around Dallas I don't need the bulletproof bubble. I've I want to wait on the wave to the people. Yeah I don't need the bulletproof bubble. I've I want to take it on one wave to the people. Yeah

I want to wave to the people. I yeah, I want to wave to the people of Dallas. Ask yourself What can you do to wave to the people in Dallas? Remove the bubble. So what I would do is I would just have a private meeting with one of these CEOs and I would straight up say I'm the president of the United States. You know what I'm capable of doing to you or anyone that you love? I can have my hackers. Mr. President, I'm sorry. It smells like shit. Did you shit yourself? Never mind that. You'll ask the questions later. Right now, I'm the one telling you things. Okay. Okay. Tell me.

I'm just... stop gagging. It's a presidential word. Stop it. We'll get a, get a hold of yourself. I would threaten to put child pornography on the computers of you and everyone or whoever I choose your son and college whatever I will frame you for that Buddy, you can try to fight it all you want that's gonna stick with you forever your or lower gas price Which do you want that's already been an with you forever. Or lower gas price. Which do you want?

That's already been an option, but that's for doing. Putting child porn. What do you think the whole Epstein thing is? Oh yeah. He's a CIA plant. Is he a poat of those? Those are easy to care for. There you go.

They can do that at any time. It's all about whether or not he wants to. Do you think people in the CIA who have plants on their desk are like, this is my CIA plant? No, they have no humor. I bet. Oh, it's the most humorless place in the world. Why doesn't somebody send them mail? I wish they would.

doesn't somebody send them mail? I wish they would. Yeah. Yeah. Yeah. Yeah. Yeah. The CIA is the most dangerous. Yeah.

They got, they don't have a good record. No, but they're good now. They're good now. Oh, yeah. They stop doing it. No, they're good when it's a Democrat president. They tortured their last prisoner to death in 2008 and they're done now. Real fast about JFK.

And now they make, they make ads about how if you're bisexual and neuro divergent, you can work at the CIA too. You weren't able to before? I don't know. CIA, come work for us unless you're by. You weren't able to before. I don't know. CIA, come work for us unless you're by. No, there's an ad and there's like. This woman's like, I work for the CIA and I am like.

And I'm bisexual. I struggle with anxiety and like, oh, get, come on. Yeah, no, yeah, I have seen those. I'd be extra stupid if I had to fucking strangle someone to death to get fucking Andes Adam. Yeah, oh man I wanted to say about JFK real fast. Did you know that he died likely never having listened to the Beatles? Oh, yeah, I didn't know that but now that's all I'll think about isn't that crazy and there was someone else I think I saw a lot. Can you do JFK singing like love me do love love me do

No, I love you. I'll always be true. So please put that bulletproof bubble back on the convertible You know who else? Elvis Do you think he got to see Star Wars before he died? No. Because I guess he died within like two weeks of Star Wars coming out, having come out. I wonder if there was any point where he was like, you know, I got to go see that movie everybody's talking about.

But first let me sit on the toilet. Didn't he die on the toilet? He did. No, that's a way to go. That's the kings. That's a kings for a well. He died on the throne. Yeah, yes, he did. I remember when I was a kid, the thing that kids would talk about.

Are we too cavalier about death? Are people gonna die? No, not at all. Listen, it's coming for all of us. We're all going to the same place. Eventually, you know what I think about sometimes? Eventually, there is a emergency siren that is coming for you.

Not me. An ambulance fire truck. I've got a thing that comes out when I die. It says don't call Where does it come out my watch? It just pops out. No, it's your thrusty or your rusty your wrist pussy. What is fight your spider-man? Tell me my horse Spiderman mine doesn't shoot webbing. It's just a note. It's just a note this leave me here to rot leave me be Should we wrap it up? Yeah, we might crypto corner. Who cares this week? Yeah, we can talk about it. Board Abe, board Ben. I think we're gonna have to cut the last like 15 minutes. But board Ben, shut

the fuck up club. Okay, so kill your parents to wrap up. Well, you could say that. Get it out of the way. Parents quit. You should have to pay important stuff to wrap up. If you're still here with us, it means you really love us. Yeah. Trillionaire. I mean, shit, YouTube.com slash Trillionaire mindset. Please subscribe. Also tell your friends about that. Have them

subscribe. Create new accounts to subscribe as well. We don't get it. We don't get it. We don't get it. We don't get it. We don't get it. We don't get it. We don't get it.

We don't get it. We don't get it. We don't get it. We don't get it. We don't get it. We don't get it. We don't get it. We don't get it.

We don't get it. We don't get it. We don't get it. We don't get it. We don't get it. We don't get it. We don't get it. We don't get it. We don't get it Well, don't do that. Yeah, do that. It's trying to get me to zero. Everybody on phone with me. No, I'm trying to get it.

It helps us. It helps us boost the thing. We look more legit when people ask us for like, media stuff they're like, oh, these guys must be doing something. Yeah. But then they look and they're like, Emil is 7,000 followers.

You guys are joking. This guy's a Joker. Yeah. Okay, so you gotta do that. joking. Yeah. Um, okay. So you got to do that. Rate five stars. Comment nice things. Hit the like and subscribe. Yeah. Do all of those things for us. And we do sincerely appreciate every each and every one of you who does that. But also the ones who don't. The tough love. We will earn it. We'll get it from you.

We'll earn it. Yeah, we'll get it from you. But if you're listening or watching, we appreciate you to no end for getting us as far and we hope that- We really do love you. Yeah, I love you more though. No, no, no, I love you in a different way. Your mother loves you in one way.

But- It's me, I'm the mother. I love you in a different way. Well, I'm the one who feeds. But I feed you in ways you don't even know. A mother's connection is one that is definitely something. Yes, but you need your father here to watch me breastfeed. To get extremely aroused at the breastfeed.

There we go. There we go. Yeah. You'll get your turn. Yeah, you'll get your turn. You'll get your turn. Look at this thing. Christ. Yeah. You want some of that? Wait, let me score some of your... Save some for the rest of it. The top finance podcast out there. Like, score some rest. I feel so bad. So, Hey, Glen, friends will go like, I haven't listened yet. Like, but I've been thinking about investing so maybe I'll start with like your podcast

I'm like, you know, it's not there's a lot in there Anyway, thanks everybody so long. We love you. Bye