The Trillionaire Mindset - 33: Why Stocks are SCREWED

Episode Date: May 13, 2022

Become an Exclusive Member at https://tmgstudios.tv What isn’t going wrong in the world? Stocks and crypto spiraling downwards, corporate controversy in abundance, and the pod has a major, unplan...ned, interruption. All this and more on today's episode, don’t miss it! If you listen on Apple Podcasts, go to: https://apple.co/trillionaire Go to https://shopify.com/trill for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Go to https://www.manscaped.com and use code TRILL for 20% off and free shipping. Go to https://blinkist.com/trill to start your free 7 day trial and get 25% off of a Blinkist Premium membership. SUBSCRIBE to Trillionaire Mindset at https://www.youtube.com/trillionairemindset Trillionaire Highlights Channel: https://www.youtube.com/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.*

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Starting point is 00:00:00 We're about to get started. Are you ready? Peep-peep-peew! For another episode of Trillion Air Mindset. It's coming at you live! So suck my ass and lick my balls, cause here we are. It's Ben and Emil! It's super-peew!
Starting point is 00:00:16 It's... Joe Rogan. It's the Joe Rogan experience. It is weird cousin Seth. And his weird cousin Seth. Only on Spotify. It is weird cousin Seth and his weird cuz it's Seth only us Spotify Well shares are just getting hammered this morning They're really big. I'm not fucking like a real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real real Radio guys have like the best voices Joe and Seth Rogen are cousins That would be you know he's cousins with the guy from the singer from my chemical my camera. Yeah Yeah, oh, I did want to tell everyone I
Starting point is 00:01:14 I moved and me and banner now about two blocks from each other so If you were planning on finding us and killing us, it just got a lot easier for you If you want to just bang it out real quick. Yeah. If you've got a crush, you've been trying to get noticed you. Kill us. Come kill us. John, why would killing us get a, oh yeah,
Starting point is 00:01:37 because your crush would be like, oh, there's that guy's in the news. It was a reference to John Hinckley. Who shot Reagan? Reagan, yeah. He's out of jail now. I know. Hey, Glenn. Shout out to all the Glenn heads. Dude, the Glenn heads are getting on. They want him to come on the show. They really do. And Glenn, I've tried, you know, I've talked to Glenn about coming on the show and he has expressed reluctance because I don't know. Glenn,
Starting point is 00:02:03 we got to get you on the program. Okay. Please, we gotta have you, we'll have you Skype in, but anyway, check the disclaimer in the description box. No, we gotta get him in studio. Oh, that would be cool too. And we'll take Glenda after hours, he can be bad. He's all the way in New York though. He can come on for the acid episode. That'd be cool. Yeah, give, give, give, again, Glenn the glass of water, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give, give more. It's show more show more on YouTube. Continue reading on the TMG studios.
Starting point is 00:02:46 app. TV app folks, we got a very special episode for you today. We've got a guest later on. Uh, big get big guest. Big get. Big get. Yeah, huge get. Arguably bigger than Vlad. So. So what do we want people to do? Like, comment, subscribe. Like, so like this video, comment on it. Tell us how. Also create some kind of algorithm that keeps the YouTube thing playing in counting views. Yeah, nerds out there.
Starting point is 00:03:14 Why don't you go ahead and make us algorithm. We'll, I'll suck you off, please. It was, I was wondering if that's what you were going to say and it looked like you were searching for someone else, something else. Yeah, I didn't specify where I would suck you off. Maybe it's your fingers. I don't know But I feel like the off Lies completion. Yeah. Yeah. How does your finger complete? Maybe there's some kind of freak You're gonna want to also go to TMG studios at TV. We've got bonus content now
Starting point is 00:03:43 If you would like to subscribe to the trillion your mindset here at six dollars a month or if you want to go to TMGStudios.tv. We've got bonus content now. If you would like to subscribe to the Trillion Hermites at tier at $6 a month, or if you want to do the TMG tier at $10 a month, and you'll get access to all sorts of handy stuff. Which should be clear. A lot of people were saying, I can't find the eight ball special. The eight ball special is a TMG studio's tier special.
Starting point is 00:04:06 Yeah, not just the TMG tier, which is just the tiny meat gang show. Right. Which is also sickle. And not just the trill. Yeah. Because the TMG tier gets you everything. All three shows. $10 and you get to watch the four of us.
Starting point is 00:04:20 Dig around. It's more than digging around. We really did set a high bar on that first episode. Maybe we'll just call it, maybe we'll never do another one. No, I don't say that. People want more. I just guess we gotta do, we have to do more crazy shit. Like experience life, say yes to more things. Oh, so every month we have to do something stupid. Well, no, just as life happens, just do shit. Just do shit, you know. There were some people who actually said from that episode, they felt like we were encouraging or at least being nonchalant about hard drug use,
Starting point is 00:04:53 because of our discussions about Molly and Crack and heroin in the beginning of the episode. I want to make it clear, we do not condone or think drugs are cool. The only things we think are cool are cigarettes. So, light up, baby. You know what's not cool? What? Doing drugs, you know what is cool? Sigarettes?
Starting point is 00:05:16 Doing drugs responsibly. Yeah, yes. Under the supervision of a licensed therapist. Yeah, cause yeah, I believe in psychedelic therapy. That's the only time we've ever done drugs. That's entirely true. I signed up for that mind-bloom thing the ketamine at home.
Starting point is 00:05:35 You're gonna do it? I've had the kit in my closet for a year now, and I haven't done it. You just have ketamine sitting in your, yeah, you got enough ketamine to sedate a horse in your closet I don't know if it would sedate a horse but it would make the horse trip dumb I'm really working through that shit with my father can you imagine oh man what you know just be an intelligent creature on drugs it must be so awful because you reach a higher
Starting point is 00:06:01 level of self-awareness and self-consciousness and yet you're like damn, I don't have fucking thumbs You know like a whore you ever seen a dog I don't think it's a toy and a horse is that much Consciousness you know, I think they do it's like the joke. What's happier than a three-legged dog? I don't know Or like a dog a four-legged dog. What do you call a cow with two legs? Lean beef. Nice. What do you call a cow with no legs?
Starting point is 00:06:34 Ground beef. Ground beef. Yeah, yeah, yeah. What do you call a master? Oh, there's, oh good. There's more. Yeah. What do you call a masturbating cow?
Starting point is 00:06:42 Beef stroking off. Right, right, right. I wouldn't have gotten there. I just, it's not good for the show if there's dead air. Yeah, yeah, no, dead air is bad. It's not like I can't. The people in high school used to like, believe me?
Starting point is 00:06:54 Yes, answer that. No, I didn't get bullied. Did Christian kids in high school bully you? I didn't get bullied. Did Christian kids in high school bully you? Did they used to shotgun into a dog's ear? What? Oh, like spot smoke? Yeah, I did it to my dog's ear dog.
Starting point is 00:07:16 Yeah, it always seemed so fucked up. Yeah. I did it to my little dog Penelope, Meshie Reston-P. You're like blowing pot smoke directly. Oh, I blew it in her face I blew it in her ears the ear thing is so fucked Just lifting up a dog ear and just blowing smoke you doing it gently. I imagine someone blew pot smoke in your ear I'd be like that tickles
Starting point is 00:07:40 Penelope was a really special dog and yeah, but she was after all those shotguns Penelope was a really special dog and yeah, I bet she was after all those shotguns Yeah, don't do that guys. Well, I was like 1760 or however old there was I was also smoking weed out of a soda can Which is also so fucking were you grav banging it? No, I cut slits I like you know you laid on its side. I was about to turn this one It's spill it all over you laid on its side and you indent the top so that it becomes flat. And then you like with a knife cut three little slits in it. Sure, I feel like.
Starting point is 00:08:12 And just rest the pot on top and you're burning the ink and. Unbelievable. Yeah. We would do co-canned sometimes. Oh, truly. It really does freak me out to think of how much smarter I probably would have ended up if I hadn't smoked weed If you think in high school in college just inhale plastic fumes while you were doing it Yeah, it just everything
Starting point is 00:08:36 God damn it now you got a beautiful mind baby. Thank you Did you ever do a graph bomb? Yeah, I tried to grab both. What do you mean youbong? Yeah, I tried a grab-bong. What do you mean you tried it? Yeah, my friend Sarah Lemone's brother Jesse. I went over there one time and he said, you ever tried a grab-bong? I said, no. And he said, come here in the kitchen.
Starting point is 00:08:54 I'm gonna ruin your night. Yeah, it pretty much did. I coughed so hard. I used to get so high, the only thing that I would think about when I got high was physical mutilation To my own body. Yeah, I'd be like let's try my brain would go. Hey, let's try to simulate what it would be like to burn to death Or like why because my it's OCD man
Starting point is 00:09:19 It's just like it was a thought would creep in and then I would just obsess over it. And I distinctly remember one time being in the back seat of my friend's car, we were hotboxing and they're like six of us. And I'm just back there silent and everybody here. Hell yeah. Yeah, and I'm just back there silent and at one point, I don't know, my friend Brandon's like, Ben, are you okay? And I guess the first thing that came out of my mouth was, I know what it's like to have both my arms cut off.
Starting point is 00:09:44 It is brutal, man what it's like to have both my arms cut off. It is brutal, man, it's sacked, so. Don't smoke grabbongs. Weed is way too strong now, too. Yeah. We got this weed as well. They perfected it in the 1970s, and then they just didn't need to go any further.
Starting point is 00:09:58 I don't know, understand that. The whole grabbongs are like doing a fucking dab or whatever. Yeah. Oh, just getting as high as possible. Getting that high ain't fun. Doing one dab is like just lock me up in a mental hospital. Yeah. I still remember the time I got so high off Edibles
Starting point is 00:10:18 and I decided to go to Target in West Hollywood, the smallest target in America, where there's nowhere to hide. There is nowhere you can just park your cart and chill because every lane, every aisle in there isn't wide enough for two carts to pass. So someone is always going, excuse me, excuse me. And I'm just there, man, I know what it's like
Starting point is 00:10:39 to have my arms set off. Please, I just remember being so high that I was convinced. I was in there for about four hours, first of all. And I had to get random thing. I needed to get a bucket, for example. Where the fuck are you gonna get a bucket at Target? In the like home side. Yeah, well, imagine your it's high,
Starting point is 00:10:57 like really high off in Edible, now try to get a bucket in Target. Yeah. Oh yeah, yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. I just remember thinking that everybody in that target hated me. They probably did. They probably did. Everyone was in line like, did you guys see the fucking arm cut off guy?
Starting point is 00:11:13 Like, what is his deal? You guys see that fucking dingus? All right. We do have a lot to get to today. Right. Where they're the crypto and we have that guest so we don't want to delay we had a CPI numbers came out on Wednesday which is the inflation numbers it was expected to be 8.1 percent but it came out at 8.3 percent and the market had already kind of gone down into it so you got to kind of figure that maybe it was the opposite where it was a sell the rumor by the news kind of type of situation we never see one of those. No. What a treat for us.
Starting point is 00:11:48 And just basically shit's fucked. Diesel prices are going up. I saw this headline that loves and pilot. You know those trucks stop. Oh yeah, yeah, yeah, yeah. We're warning of an imminent diesel shortage in the E-Strike US. That should E-Supply Chain Problem. Yeah, that'll be nice. Um, and the
Starting point is 00:12:06 yeah, he's trucking costs record diesel prices will ripple across the economy from this headline. What is the what is the title of this uh, uh, website that this is from oilpriced.com oil price.com. You sent me. Oh, and the author of this article is Svetana, Power Skova. So here's zoom in, I wanna read this article in her voice. Ben, don't do a bad thing. Uh, the highest population in the US in four decades, he said to persist and even increase in the coming months, as the price of diesel is at record highs.
Starting point is 00:12:43 I mean, very tight domestic inventory and that these global shortage of supply. I don't think that's what she sounds like. The national average diesel US prices were the record $5.50 on Monday. That's a. She doesn't sound Russian. I think she's summered in Italy. She's a great article. She's an oligarch. She's just talking about, yeah, this, diesel prices are out of control. I used to drive a diesel car.
Starting point is 00:13:16 That shit was on the phone. Was it the old Mercedes? 1982. Or date Mercedes. Those things would just kind of like rock with the bumps and stuff. That shit was a great car and Okay, I want to get to the baby formula short. We got to talk about the baby, but real fast
Starting point is 00:13:32 Shit is so fucked up right now. Prince Charles. You got to play this Prince Charles Obsessed with this Prince Charles announces that the government is going to make that the he's gonna help He's the cost of living for families with a promise to level up Opportunity in all parts of the country, but he does it from a Throne truly made of gold and he trusted in jewels him his outfit also equally Incrusted in jewels. Yeah, I'm at his government's priority is to grow and strengthen the economy And help ease the cost of living for family. Her Majesty's Government will level up opportunity in all parts of the country and support more people into work. Her Majesty's Ministers will continue
Starting point is 00:14:22 to support the police to make the streets safer. This is why we fund the National Health Service. Continue to be the premier anti-British podcast, yeah. Oh, Her Majesty's Beings are ready for consumption. You think it's bad seeing Nancy Pelosi do this? It doesn't the queen get like 50 million pounds per year. I don't know what that sicko does. She just gets a stipend for being... Well she's got to eat.
Starting point is 00:14:52 It's true. She's got to feed those corks. There's so much blood sausage. You can afford. You want to make a wager when she's going to die, when she's going to kick the bucket? I think she's dead already. You do? Yeah. She's just an animated corpse. They're into's dead already. Do you do? She's just an animated corpse. We can do Bernie's style. They're we can do Bernie's thing. Are Bernie and her? You know why? Because everyone in Great Britain gets a,
Starting point is 00:15:13 like, 10 days off from work when she queen dies and they just don't want to, things are so bad, inflation. Yeah. They can't afford that. They're like, no one's getting 10 days off. I remember, I went to London once when I was like 19, 18 or 19 and I was only there for a couple days But I remember being so pissed off because the shower in my hotel room
Starting point is 00:15:35 Was a full bath tub in the shower. No curtain. No the only the only thing was just a little glass thing that came out from the wall about a foot. So when you took a shower, it just sprayed water all over the bathroom. Dude, and I thought these fucking British people were looking for them. You're up there doing. In Greece, a lot of times you would go places. There'd be a shower, but same thing, no curtain, no nothing. There was a drain. The entire place is just fucking soaked.
Starting point is 00:16:02 How do people not constantly slip and die? Maybe we're just doing something wrong. Yeah, maybe we are. Maybe we're showering incorrectly. They go in and they're like, Goddamn it, an American was in here. The whole place is wet. And I like, you know, I'm all about a bidet,
Starting point is 00:16:16 but what I don't understand is the little toilet with just the running water where you have to manually use your hand. Oh, is this, wait, what? The, the, the, because you know, a bidet, like Japanese style, you sit and it sprays, yeah, you're straight into your asshole, phenomenal experience. The first time I had it, I was giddy.
Starting point is 00:16:34 I was just giggling because I couldn't believe it. I don't feel like it cleansed me as well as it needs to. Oh, but you wipe after it. You wipe first, wipe first, and then you get a little spritz and then you dry it off. Oh my God, you feel it's unreal But the other one like in Europe they got the toilet and then they got the second toilet with the little faucet And that's different. It's just it's just water that poor it doesn't spray up
Starting point is 00:16:57 I've seen the little hose you take the little hose. Yeah, spray your asshole. Yeah, how does due to water not just like, because, you know, water is adhesive and it like if you were to, you know, sometimes it dribbles along. Okay. How does it not dribble along the, you know, parts of your body and then, Ben, I don't know. You get, yeah, these little things, these little, oh, interesting, you switch. All right, should we talk about the baby formula thing? Yeah, the baby formula thing is really actually quite fucked up. It's kind of, it's very scary.
Starting point is 00:17:27 It's reminiscent of the Boeing scandal, how Boeing, instead of focusing on quality control and things like that, they were focused on juicing the stock. Yes, that's what I was going to say, because I was looking into it, because there's this fucking MPR article, right? They're talking stores across the US are continuing to run low on baby formula with the Biden administration saying it was working. at ease the problem for American families and caregivers
Starting point is 00:17:47 But towards the end they barely even give any Mention to it. It's just a little paragraph part of the reason the formula is surprised so low is because in February The company Abbott issued a recall at some of its baby formula products the voluntary recall included certain lots of similar Whatever it's only looked into, and there's this article from like food news. Yes, did you see it? I saw some of it. It's fucking crazy.
Starting point is 00:18:13 There's a whistleblower talking about all this shit Abbott was doing. There was a, there's a, Abbott by the way is one of the only companies that makes baby formula somehow. I don't know how they got it but not- Oh, there's a bit of an obli- There's, I think there's four companies who do it.
Starting point is 00:18:26 And they all source the same materials. So when they start running low, the entire supply is just completely out of whack. Did they have milk maids? Who's a- I also didn't realize there was a, let me see if I can find it. Only a bit of a quarter of infants born in the US in 2017 were fed exclusively through
Starting point is 00:18:47 best breastfeeding in their first six months. Kids, you gotta get in on this breastfeeding. Trust me. I would think it would be more. Suck on them things. Well, some people... You okay? I feel bad saying that. What there's like a lot of...
Starting point is 00:19:02 There's like idiot people tweeting like, oh, you know your breasts make milk? Yeah, let's see you try to get an infant to latch, okay? It's really hard. Well, and sometimes people are sick and they can't feed. Yeah. Sometimes like our friend Gary, his mom likes the drink. She can't feed.
Starting point is 00:19:22 I'm joking, I just made up a fake. I saw this woman on TikTok who breast feeds, and it's very, it's almost pornographic, and for some reason it's obviously not censored because it's like the technicality of, well, it's a breast feeding. But she's like laying on her back. What are you doing on TikTok, man?
Starting point is 00:19:39 It's the algorithm, the algorithm's like, hey, the algorithm's just like, bend gets more of me. Okay, this video has like hundreds of thousands of likes and views and whatnot, but it's this woman laying on her back and she's got huge boobs and her little baby is sitting there slurping on it on her and also looking into the camera. And then there's another where she's the baby is laying on its back on the bed and she's leaning over it with her, with her titty, just drop it into the baby's mouth.
Starting point is 00:20:12 What? Yeah, yeah. I know. What are you watching? I'm watching that, man. What do you mean? What am I watching? I'm telling you.
Starting point is 00:20:22 I'm watching, don't hassle me. I'm watching breastfeeding TikTok. Climb up March coming soon. Yeah, Climb up March is coming soon. Don't hassle me, I'm watching breastfeeding TikTok. Don't hassle me, the algorithm's feeding me breastfeeding TikTok. Well, so that woman is clearly not concerned
Starting point is 00:20:40 with the Abbott scandal here, because she's producing them and that baby knows exactly what to do. No, but it's crazy. So I was reading through it. Abbott is going dummy on this shit. So they had a, there was an FDA inspection, they were coming investigation.
Starting point is 00:20:58 They're plant. Yeah. Where they make the shit. Yeah. And the whistleblower saying that Abbott was falsifying records, releasing untested infant formula tampering with the 2019 FDA audit. There were recalls. Yeah, failing to have staff in place with sufficient training and experience. Management had a refusal to repair dilapidated
Starting point is 00:21:17 and failure prone drying machines, turning the plant into proverbial petri-disters for a chronobacteria or something. But they had $5.73 billion in stock buybacks. So instead of replacing the equipment and the testing materials, and you know why they do that, Amel? Why do they do that?
Starting point is 00:21:38 Why does management, folks? Why would management put that much money of the company's coffers into stock buybacks, you ask? Because their bonuses are contingent upon the performance of the stock. How do you get the stock to do well? Well, you do stock buybacks and the shareholders are gleeful about it.
Starting point is 00:22:02 Yeah, because their stock price goes up, stock price goes up, stock price goes up, hey, you met your performance metrics, congratulations, you get your, you know, $10 million bonus. And the best part is. Fuckers. We talked about this with Boeing.
Starting point is 00:22:15 The best part is, if you get found out, the worst thing that happens is you get a slap in the wrist that are like, oh, we just got to pay a billion dollar fine, that's fine, we made like 50 billion. Yeah, and also, hey, good luck a billion dollar fine. That's fine. We made like 50 billion. Yeah, and also hey good luck Finding someone else to make the baby for me or you do some weird like fucking Bankruptcy trickery with the you've seen the Johnson and Johnson stuff right with the baby formula You created dummy company. They're saying oh no, that was a completely different like company
Starting point is 00:22:38 We're just gonna that one doesn't have any money. We're going bankrupt. Yeah, J&J put the the the took the the part of the, the talcum powder, the baby talc powder. Yeah. And they created a subsidiary that would handle all the lawsuits and they just had the subsidiary declared bankruptcy. It's truly just evil. That's a botical shit. Like, it really blows my mind how evil that is, that not only was a product like that just out there. I mean, it's, these are both instances
Starting point is 00:23:14 of fucking baby products. Pretty fucking disgusting. I mean, you're talking about your, you know, smoking weed out of a plastic bottle. Sure, that was bad and voluntary, but. Yeah. People using baby powder and baby formula are getting these like horrible bacteria.
Starting point is 00:23:32 Yeah, you're trusting that these companies aren't evil, but they fucking off. Was Abbott the one too, who destroyed all those COVID tests? I don't know if they destroyed, what do you mean, destroyed them? Remember, they thought there was no more demand for them because everyone got vaccinated and they were like oh we're sitting on all these fucking COVID tests. Oh I thought that they just laid off. They did lay off a bunch of people. Like 2,000 people yeah. But I think they destroyed tests too. So Abbott if you're listening out there, fuck you! Fuck you!
Starting point is 00:24:01 Can we um skip ahead because while we're're while we're here what we already talked about Boeing But we should mention what Boeing is moving their headquarters to DC from Chicago to yeah to Arlington Well, because first they were in Everett, Washington Mm-hmm, and then they were engineering company. Yeah, and then when they turned into a fucking Whatever they whatever they became Yeah, and then when they turned into a fucking whatever they, whatever they became, just a stock, they moved to Chicago. Yeah. And now they're moving to DC, which you assume is to... I'm almost positive, it's because they want to cash in on military contracts. Sure. Yeah. Did you know, guess what percentage of their
Starting point is 00:24:51 Businesses from military contracts as opposed to just airplanes. Yeah, I'm gonna say 70% No, that was a high guess it was 40% but I was shocked cuz going you think of them as like the airplane company Yeah, they're doing military aircraft aircraft missile systems missile defense launch services space exploration Yeah, crazy. It's wild to be making missiles. I mean, I get it. You got to defend the old US of A, but... And I bet there's a lot less... You catch a lot less flack when an airplane goes down over some other country and...
Starting point is 00:25:18 Oh, totally. ...in war, you're like, I don't know. Yeah. But when you kill a bunch of commercial passengers... There's no repercussions for anybody. The fucking actually yeah, they got off scot free on that He really did it's it's insane. Can we scroll back up? Please there's some there was one more two more things for a brief moment this week Saudi Aramco was the biggest company in the world by market cap surpassing Apple
Starting point is 00:25:42 Wow, the way the stocks have been dropping And Apple also stopped making the iPod finally. Are you happy about that? I don't give a shit. When was the cutoff for people having iPods? What do you mean? Like the iPod was the biggest deal, but now it was all on your phone by 2000. Oh yeah, by the time the iPhone came out and like 2000, yeah, 2006, 2007. You know, stoked I was having iPod?
Starting point is 00:26:03 Pod. Oh I was too. I had an iPod video. That thing was cool. I had one at one point at the end. Or maybe I didn't. I had an iPod color. There is one thing that I wanted to, that I saw this morning.
Starting point is 00:26:16 Did you see the Google AR glasses? No. So fucking cool. Why? Because there's... Remember Google Glass? Yeah, but this is cooler. They're just normal looking glasses
Starting point is 00:26:26 and the particular thing that they, that's, that is Google Glass, but the... Google Glass? Google Glass. Basically, we won't watch it, but they tease their smart glasses prototype. Oh, they look like Buddy Holly Glass. I know, I don't like that, but...
Starting point is 00:26:43 It's really a beautiful thing and it was kind of touching because they used this uh, this woman and her mom as an example of the utility of this thing uh, the mom speaks Mandarin doesn't speak English and wouldn't you know it? I don't know how the fuck this happens the daughter doesn't speak Mandarin and only speaks English and using augmented reality yeah, what Google translate? They're able to carry on a conversation unencumbered because as they're speaking to each other,
Starting point is 00:27:10 the other is able to see the translation in augmented reality right there. Have you ever used their app Google translate when you're a god? It's really good. I learned the language before I go. Oh, that's nice. Yeah.
Starting point is 00:27:24 You use... Parley Voufort I go. Oh, that's nice. Yeah. You use... Parley Vu Françaix? Yeah, way, way, way. No, way is how you say yeah. That's me, way. Yeah, but way is like yeah in French. Oh! We is yes, but way is like.
Starting point is 00:27:35 Is that cool? Yeah, no, it's a cool way to say, it's true. I can't wait to go to France. And say, way. Way, way, way, way. You're just saying, yeah, yeah, yeah, yeah. Fuck, way, way. I love how the way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way Yeah, but I was just it's the most confusing you look at a word. Uh-huh, and you're like It doesn't it's not gonna be how it's supposed to be. Yeah, you're gonna have to like glue the your tongue to the roof of your mouth
Starting point is 00:28:20 Read yeah, wait, you know what the most fucked up one to read is Russian people get mad at this. Yeah, fuck shut up shut up Russian is the weirdest one to read because you're like this is almost English No, it's all like hip B and but those aren't even like I think their peas are ours and the bees are bees Yeah, it's a fucked up thing just switch over to English. Come on. I'm joking What were even saying you fucked? Google are no, but you can point it at you can literally point it out of menu and on your screen is the same menu in In a different language in the queen's English. Yeah, yeah The queen would like to use Google. It's really wild and so useful. Yeah
Starting point is 00:28:56 Okay, so Arguably one of the biggest stories that I that is It's it's devastating and really fascinating too. Oh yeah, hey, crypto corner. Oh yeah, do it. Crypto corner, it's even beef. No, this one's tough, because we do take a lot of joy in some of the, a lot of crypto corner is us.
Starting point is 00:29:20 Taking the piss out. Yes. Yeah, it's time. No, this one's tragic. This is like really bad. Well, here's the time. No, this one's tragic. This is like really bad. Well, here's the thing. Some of them are very funny when they're obviously dumb investments.
Starting point is 00:29:31 Yes. And I'll say that even I, as someone who always kind of thought of them as like Ponzi schemes and I always doubt myself, I look at crypto stories and I'm like, maybe I'm the idiot. Maybe I'm sitting on the sidelines No coin pussy. Yeah You see guys like drive around and Bentley's just from their fucking oh I see him all the time crypto investments They're in my neighborhood. They honk when they drive past is that true?
Starting point is 00:29:59 No, go ahead and so it's it's hard because there's money to be made. People are making, or have been making serious money. Yes, and good for them. Not in this case. No. So I still don't understand it fully. So there's two coins. There's like, Luna and... And streamly confusing.
Starting point is 00:30:17 Tetra, right? Tetra is the... No, Tara. Tara, excuse me. Tara is a stable coin. And it's pegged to the US dollar. It's meant to always be one dollar, right? Right.
Starting point is 00:30:29 And the way that they would do that from what I understand is when the price would go above a dollar, they would, they would mint more coins to increase the supply to therefore bring it back down. And the opposite, when it would drift below a dollar, they would burn coins. They would take them out of circulation to bring the supply lower, to bring it back to parity, so to speak. It's called an algorithmic stable coin,
Starting point is 00:30:55 where the pseudo dollars aren't necessarily backed by any assets at all, instead relying on financial engineering to maintain their link to the dollar. That sounds good. That's gonna end up good. It's definitely. Yeah. And the... Now, what we do is we...
Starting point is 00:31:08 We financially engineer the dollar. And I believe you could do what's called yield farming, which is where you... So if I were to buy a whole bunch of this Terra, I could... What's called stake it, right? So I would basically pledge to not sell it and Have it be part of the blockchain I think and By doing that I would get paid a yield like a a dividend percentage just like a bond But it was you know 20% or something saying like that 20% per year something and I believe the underlying
Starting point is 00:31:45 There was a currency linked to it called Luna and Again, you're gonna have crypto people help me out here in the comments. Oh some guys just fuming. Oh, I know Right But they amount of people who bought into this not understand Luna was the so confused Luna was the sixth largest Crypto project by market cap so you had like Bitcoin Ethereum whatever the fuck something something. Yeah, Solana Solana, and then you did you call it Savannah? No, I don't think so run it back Whatever the fuck something something yet Whatever the Savannah or cut it if I did
Starting point is 00:32:29 So And you had Luna which was the sixth biggest and the collapse that it has endured over the last couple days is Biblical it went from it went from a high of like a hundred and something bucks To then it dropped to seventy dollars as of this morning The last I looked it is trading at half of a penny no way half of a penny holy shit from seventy dollars just a few days ago to half of a cent Wow like they there are people people, it's really, and if you're out there listening to this
Starting point is 00:33:08 and you lost money on it, I'm truly sorry. This is not cool and it's not, there's no, we should get that chart. We should say we were looking at the Reddit, the subreddit, and it was a lot of, all of the top posts were People saying they were suicidal. Yeah, and it is extremely dark people lost a lot of fucking money people saying Tons like there were people saying that they had their entire net worth
Starting point is 00:33:37 I saw some guy who was saying you're suicidal. He's saying 450 grand and do My god, man, I know I mean He's saying 450 grand in jail. My God, man. I don't. I mean, it's you can, you only get one life. I mean, people are like, you know, everyone in the comments is like, it's not worth it.
Starting point is 00:34:02 Like, blah, like, you you know you're gonna be fine Oh, so yeah, they So part of the reason why it became like a it became a Self What do you call that circle circle self perpetuating yeah, cuz they have a feeling prophecy? Yeah, cuz Tara had a bunch of Bitcoin in their reserves and they were they were Selling their reserves of Bitcoin to try to defend the peg right and in selling their Bitcoin it made the price of Bitcoin drop Which I expected yesterday was that 28,000? Yeah, Bitcoin dropped a ton and it kind of, they had truly a no win situation on their
Starting point is 00:34:51 hands where they were selling their Bitcoin to prop up their own cryptocurrency. But in selling Bitcoin, it was causing their own cryptocurrency also to drop, the own their Luna thing. It's just all around bad fucking vibes. Well, I think for me, I was, I think I was always kind of waiting for it to happen and I was like, waiting for what to happen. Crypto to crash. Sure.
Starting point is 00:35:22 And not like this. Right. And I didn't expect it to be so dark. I thought it was going to be like guys on the internet. I don't like. Yeah. But instead it's just like monkey dropped in night percent value. Right.
Starting point is 00:35:34 That's fun. We love that. The guy throwing all his money into a monkey picture. Love it. Well, I don't want to say throwing all of his money. I wanted to be a guy who put, you know, a quarter of his money. Sure. So he still got money, but his monkey picture is... But this is...
Starting point is 00:35:50 I just love a common monkey picture. I mean, what else are they? But this is it's brutal. Bitcoin also fell. I think, you know, the last I checked, it was 54% from a tie. It was 28K. I don't know what it is now, we can probably, probably around 28K, 29. But 40% of Bitcoin investors are now under water. Yeah. And the,
Starting point is 00:36:15 29.5. Okay. Yeah. Seeing a little rally. But this Bitcoin washout, it's mostly affecting, you know, newer investors. Mom and pop people who got in thinking like, oh, this thing only goes up, which isn't the first time this is happy. Right. It also may bounce back. Yeah. And I will once again, I want to buy one.
Starting point is 00:36:37 I've been waiting to buy a Bitcoin or parts of one, but yeah, sure. But what gets me is, is my question is, is this just the start of a more prolonged, protracted crypto bear market where it's gonna bounce, but then it's gonna just slowly bleed out to the teens and maybe even the four digits, the dreaded under 10,000. Because when Bitcoin, when crypto has its bear markets, it lasts for a while. It can go for years.
Starting point is 00:37:11 Because there was that couple of years where it was below 10, because yeah, that first time it shot up to 19K and then just plummeted and chilled at 3,000, 5,000, something like that for a while. Yeah, it took a while. Yeah, there we go. It really stayed down there and then, God damn,
Starting point is 00:37:28 look at that, look at that chart. We're looking at a chart of Bitcoin. Yeah, I mean, and we're gonna get to it in a little bit, but the stocks are taking a beating as well. And part of the appeal of crypto, people would say, is that it's a hedge against inflation. Yeah. And what do you do when inflation it's a hedge against inflation. Yeah. And what do you do when inflation starts to come back to earth?
Starting point is 00:37:48 Yeah. Yeah. So speaking of stocks, stocks are also, by the way, just if you're out there and you're thinking about buying this tarot coin or Luna, you don't need to buy it now. Yeah, you don't need to do that. I mean, if you're a nimble enough day trader, maybe you can get, maybe you can flip it for 20% or something, but it looks like it's just never coming back,
Starting point is 00:38:16 which is just, it's wild to think about. Are pretty much across the board. They're all taking a beating though. Yeah, so come on. Ethereum. Oh yeah, all the cryptos are getting marked. But this week we had earnings continue. Oh, yeah. Speaking of, of, of crypto coin base reported earnings, it's just, have you seen a chart for coin base? No, show me. Holy fuck. It's gone down. I think six or seven days straight.
Starting point is 00:38:47 And the last couple days has just been, it just went like, it was just like hanging out. And then it just fucking, look at the five day chart. Damn, from a hundred bucks, five days ago, down to forty dollars. And there was, so it's down 62% in the last month. What the fuck happened on May 4th to them? Lot of people. Buying star wars NFTs or they thought a lot more people were gonna buy Star Wars NFTs. That poor said so. Actually, that might be,
Starting point is 00:39:16 that could be the day they launched, cause I'm pretty sure they launched an NFT marketplace and fucking no one was using. Oh, interesting. I think they've just launched that. Huh. Well then there was some new language added to their quarterly report, which basically said that, well, so first of all, they had to drop in revenues and users and then they
Starting point is 00:39:37 had this little legal disclaimer that they're, it's kind of annoying the way finance, Twitter, hops on something like this, gleefully, because at the end of the day, it's kind of annoying the way finance Twitter hops on something like this, gleefully, because at the end of the day, it's just a legal disclaimer, which stated that because Coinbase is technically a custodian setup, meaning if you buy, yeah, here, I'll just read the language specifically, because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody
Starting point is 00:40:12 on behalf of our customers could be subject to bankruptcy proceedings, and such customers could be treated as our general, unsecured credit. Holy shit. Meaning in the event of a bankruptcy, in the unlikely event of a bankruptcy for coinbase They can pretend like their customers holdings are their assets. Yes. Yeah
Starting point is 00:40:32 but I mean Again, this is you know That's something that they've got to say because They got to say but kind of I mean look all of these fucking cryptos are just Unregulated securities. That's all they are yes, and they get to do all these weird things with them and oh Man, that's so dark. So if you're gonna use in exchange That's why people encourage you to get a cold storage wallet or whatever to where you can buy it on so it's all Coinbase. Yes, and you it, which is just such a,
Starting point is 00:41:07 I've had to do that kind of thing before just moving any kind of crypto. It just makes me so nervous. Oh, I'm sure am I getting this right? Am I doing this exactly right? Am I fucking up in any way? That's why you do a small transaction first to make sure that it's all on the Dory. I remember the last time I set up a wallet, I,
Starting point is 00:41:27 because they make you make a crazy password. Yeah. And I was like, what the fuck, I'm never gonna remember this. So I just put it in my Notes app. And I was like, I mean, if I get hacked, they'll just, it's all linked to the cloud. They'll just find the password on, what am I gonna do, write it on a piece of paper,
Starting point is 00:41:39 put it in a fucking drawer. Sure. I'll just lose that. Yeah. Then I'm locked out. Tattooed on your body. I'll just lose that. Yeah. Then I'm locked out tattoo it on your body. That's actually not bad. I got kidnapped. They cut off my forearm. Uh-huh. They get into my shit. Yeah. Actually terrible place for a password on your forearm. Yeah. Yeah. Did you hear about that guy who got his dick put on his forearm? His own dick. Yeah. His dick was
Starting point is 00:42:02 like dying or something. What? And to save it, they had to- How did your dick die? I put it somewhere it shouldn't be, I don't know. But- What are you talking about? This guy had to get his dick removed. No way. And in order to save it, they grafted it onto his forearm, and he had his dick on his forearm
Starting point is 00:42:19 for like a couple years before they could then put it back to where it belongs. No way. Yes way. Could he fuck with it? to where it belongs. No way. Yes way. Could you fuck with it? I mean, I don't know. Here, can we pull up guy with just Google dick arm guy? Dick arm guy. My penis fell off, but you're not.
Starting point is 00:42:34 Oh my god. My penis fell off. Oh, it fell off, but it re-gru on my arm. And now I'm a real man again. Look at him. Oh my god, it's blurred out. Can we get an unsensory burst of that? That's sad he looks. I want to see if that thing truly be hanging.
Starting point is 00:42:47 I will. Wait, wait, wait, wait, wait, wait, wait, wait, Scrola, Scrola, wait, wait, I want to read the thing. A man who lost his penis due to a severe blood infection has had an artificial member surgically attached to his nether region. Oh, wait, it wasn't real. Well, no, he had one, he had a fake one. Oh, he had a fake one? Yeah. Whereas real one was.
Starting point is 00:43:08 Yeah. And then his real one chilling on his fucking arm. Yeah. Yeah. Why not just put it on your leg? On your ass. On your ass. Is there a dick on my ass?
Starting point is 00:43:22 Wait, wait, wait. Look at his face. Yes, stop laughing. Is there a dick on my ass? Wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, down to his pubic hair. I don't understand. No, his man, this one was fake. So what? I don't understand. Anyway, the guy had a dick on his arm. Okay, so yeah, just like that, that's what I'm doing with my password. That's how we got there, everybody. You also had Rivian, Rivian got taken to the wood shed and part of the reason was Ford who owned a bunch of shares
Starting point is 00:44:06 They sold 8 million shares of Rivian at $26.80 for a 3.1 billion dollar loss Poor Rivian poor Rivian Rivian had a market cap of like 150 billion dollars at one point. It was so stupid It was stupid. Can I say something about some of these stocks taking a beating now? What is this? This might be stupid. Do you can maybe tell me if it's stupid? Tell me. Hit me. Everyone's freaking out, but some of them seem so obvious, right? Like, Rivian? Obvious. Everyone, when it everyone's like, it's an insanely high IPO. I think if they, at that time, if any, it was like 200 trucks had been delivered.
Starting point is 00:44:47 Yeah. Maybe none. Sure. They're pricing in a decade of growth now. Sure. And then with all these tech stocks and stuff, it's like, it feels like, of course, these we're going to level out. And it's affecting everything because these huge tech stocks, Apple, Amazon, Facebook, everything is a huge part of the market, right? But of course, Amazon was gonna level out after, things are opening up again. Like of course, online retail sales we're gonna explode during the pandemic.
Starting point is 00:45:20 Yeah. You know, things like Peloton were obviously gonna come back to Earth. Sorry Ryan. Sorry Ryan. Our, sorry Ryan. Our producer is, uh, he bought pretty heavy. He didn't buy heavy. No, I know.
Starting point is 00:45:31 Hi. Wait, so what's your question? What is the huge free? It seems like everything that, like, everyone expected to happen is happening. It seems like everything is leveling off, but I'm also seeing a lot of panic in the media from investors. Well, because the Fed is raising interest rates and they're pulling liquidity out of the market. And when you have a drop, basically they're taking away the punch bowl, so to speak. And the party is starting to look like it's over for the time being. The easy money
Starting point is 00:46:04 And the party is starting to look like it's over for the time being the easy money Phase of the market where you had meat kevin buying every last dip of every fucking meme stock It's right, but that had to end. I mean it was all a fucking joke. That's the thing. We were all making fun of it There was that tick-tock of the guy like Literally his trading advice was like I buy it when it's red. Yeah, and then it goes up. Yeah. He was like, I downloaded Robinhood, and what I do is I look at a stock and if it's kind of trending upward, I buy in,
Starting point is 00:46:33 and then it keeps going up, and then I sell it, and I make money. Yep. It's very, it was very frustrating time. Right, yeah. But now everyone's acting like they've never... Well, I think it's because nobody really thought that the party would ever end and it's not over until it's over and it's not real until it's actually the market
Starting point is 00:46:55 starts to drop and that actually made me want to talk about how I wanted to just give some lessons on trading in a down market. First and foremost, do not try to catch the bottom. If you try to catch a falling knife, you're going to get cut. Not me, baby. You're going to get cut. And a lot of these stocks might either never bounce or take a long time to bounce, just
Starting point is 00:47:20 because it drops. Doesn't mean it's going to bounce right away. It could drop and then just go sideways indefinitely. Right. There was a, there was a tweet that was like, I don't get how peloton lost 90% and then lost another like, it's just 20% right. Right. Because they could just keep going.
Starting point is 00:47:40 I mean, look at Luna. Luna lost 99% in this morning. It was a penny and then it lost 50 more percent because it dropped a half a penny. It's snarly. So things and things can just continue to go lower. They don't, like I said, they don't have to bounce straight up, but yeah, liquidity coming out of the market
Starting point is 00:47:58 is bad because a lack of liquidity is bad. You need a lot of buyers and sellers to keep prices kind of calm. And without as many buyers, prices can move a lot lower, a lot faster to get to where the buyers are willing to step in and buy. Right. Right. A lot of people were blaming passive investing and like the ETFs, the passive stock investing, you know, just put money into it. Oh yeah. Yeah, it's every month. Because then if everybody's in those same things,
Starting point is 00:48:30 what happens when everybody goes for the exits? It's the same time. But I don't know if that's... And if you're one of those people, I would say, just don't check your 401k, just fucking keep going. Yeah, I don't know. It beats being Masayoshi's son son the CEO of Softbank who's down
Starting point is 00:48:48 18 and a half billion dollars on their public portfolio during the last quarter alone. That guy sucks it at stocks. How did he hit big on one thing? I don't even know. I just know it's like that's always he's apparently like a degenerate gambler of a traitor too. Oh, I'm sure he He personally was putting billions of dollars into trades over the last couple years just a My man this guy's
Starting point is 00:49:18 Like is in a degenerate gamble. He's got a compulsive. It's a compulsive. Yeah, he put a bunch of money into we work He gave we work several hundred million dollars if not billions at a super high valuation. Are we works around anymore? Yeah. And it's now a stock. Like it's finally, it got publicly traded. It's in the shitter. I think it's less than a billion dollar valuation.
Starting point is 00:49:43 Yeah. It's trading for five5.63, which is wild because at one point, it was valued at $44 billion. Because that fucking CEO kept saying, we are a technology company. Right. We're a technology company, not a real estate company. Shut the fuck up. You're a real estate company. You're not even a, you're some kind of bastardized version of a real aspect.
Starting point is 00:50:05 I like the idea. Sure, we work. No. Yeah, that's what they do. You work. Co-working space is great idea. But there's our honesty, shitty. You ever go to the nice ones?
Starting point is 00:50:16 Yeah, we work. I bend to a, we work. I had an American Express, what? Like, a noia house or something. I've never even heard of that. A noia? Why would I want to go be annoyed? No, no, no. It's like a...ya house or something. I've never even heard of that. A noya? Why would I wanna go be annoyed? No, no, no. It's like a,
Starting point is 00:50:27 Will annoyed. It's like a bougie co-working space. No. Like water with the, you know, cucumbers. How much do they cost? A lot. 500 bucks. It's like a step below so, you know, soho house.
Starting point is 00:50:40 Yeah. It's like a step below soho house. But soho house is a club. But it's, but it's like a step a less. Oh, but so how's is a club? But it's but it's like in networking. Yeah, it's like people go to work because they're like, oh, maybe I'll run into someone in my industry and we'll we'll chat and make a business. Yeah. But a lot of people just go like the one in Brooklyn. Mm-hmm. Just got like a rooftop pool. Interesting. So how's costs so much? A lot. Like $7,000 a year or something like that? I don't know.
Starting point is 00:51:07 Probably. 1500 a year. Very exclusive. Yeah, I've only been to white ones. I've only been to white ones. It's not that great. The one in West Hollywood is cool. That's the one that I went to.
Starting point is 00:51:17 It's all the way at the top of a tall building, and it's neat. It's more of a status thing. That's why people go there to work. They're like, oh, if other people see me here, they know I'm, I must be doing business. Yeah. None of your business. Do we have to talk about them? All right. I guess we should get into Elon. Is that the last part of this show? We got to update the people a little bit. Yeah. I don't, I personally don't think
Starting point is 00:51:43 that this Twitter deal is going to happen anymore. because if you're, if Twitter stock is any indication, the market doesn't believe it's going to happen. It's below, it's well below $50, the $50 options, the call options are trading for, you know, 50 cents or something. It seems like he doesn't quite know what. Remember in the dark night. How could I forget? When the Joker says, because Batman asked him something like, why did you do it?
Starting point is 00:52:12 And he's like, I'm like a dog chasing cars. I don't know what I would do if I caught one. Yeah. I feel like that's Elon. He was doing this, he was getting all the attention. Yeah. And then he was like, oh shit, they accepted the author. Now I, fuck. Yeah. Shit. Well, oh shit, they accepted the author. Now fuck.
Starting point is 00:52:25 Yeah. Well, because they now you're seeing him. He's like, come full circle. He's like, no, we're going to, we're obviously going to moderate Twitter. And it's just all. It's all the same shit that they're currently doing. They asked him, right? Let's pull up the excerpts from this interview. Outlines Twitter moderation. Yeah. If we click this, if tweets are bad, they'll delete them. This is just a quick little excerpt of, he said, this is a quote, if there are tweets that are wrong and bad, those should either be, those should be either deleted or made invisible and a suspension, a temporary suspension is appropriate, but not a permanent band.
Starting point is 00:53:03 What does that sound like to you? Shadow banding? Right. Well, and I think this is in reference to the Trump thing, right? Yeah, yeah. Because he said he would say Trump. So, which is the only thing I want. You want Trump back? I so bad.
Starting point is 00:53:17 I want him to tweet about it. I downloaded a truth social, and it's not really hitting the way I want to do. I want him back on Twitter. Musk also said, if they say something that is illegal or otherwise just destructive to the world, perhaps a time out, a temporary suspension or that particular tweet should be made invisible or have very limited traction. But I think permabands just fundamentally undermine trust. So he's essentially only against permabands just fundamentally undermine trust. So, so he's essentially only against permabands.
Starting point is 00:53:46 Yeah. So, as long as Twitter keeps doing exactly what they're doing, moderating the content on their website, but doesn't permaband anyone. But who gets so good? It begs the question. If so, if the speech is illegal,
Starting point is 00:53:58 then it's deleted or whatever. And if not, is the speech quote destructive to the world, who gets to decide what that means? Elon. Elon, he just sits there and people read him tweets all day, all, all 70 billion of them per day. That one's epic. That one's not that one's epic. That one is that one is that one's the structure. He's picking a rose rose pedal. Yeah. That one is destructive to the world.
Starting point is 00:54:25 He has eight children. Imagine being his least favorite child. Because he's got to have. I think they're all kind of his least favorite. They're all, I think they're all just, what do you call that? Vessels for his genetic code. He looks at them as computer programs or something.
Starting point is 00:54:43 You're all just meant to Kaby on my Genetic do you think he'll take him to Mars when he goes or is he fucking hope cuz I don't want them here take him Yeah, actually maybe not I feel bad from we don't know they're all gonna die in that Mars colony And we're gonna go okay, so long. We'll be what I'll be watching from my telescope looking up there I could see you on up there. I'll be tweeting from my telescope looking up there. Oh, I can see you on up there. I'll be tweeting stuff that's destructive to the world, baby. Yeah! There we go. Should we bring out our guest?
Starting point is 00:55:12 Was this the time that we were gonna bring out our guest? Yeah, I think he's waiting in the wings. He's waiting in wings. I've got his chair here, ready for him. I think Twitter was gonna be the cue. What is this? Oh, so there's a Oh, I have no
Starting point is 00:55:27 Oh, uh-oh, here he comes No, we got a chair for you right there. You got a chair Let's go, Stanford! Let's go, Stanford, what's up, dude? I never thought I'd see this guy again. It's William Prisone. William Prisone! Prisone! Pride of Stanford University.
Starting point is 00:55:52 We got a little less William Prisone. We got a little less William Prisone. We got a little high in the monitors. What's he doing? How's it going? Welcome back. Here, here, take your chair. This is William Prisone.
Starting point is 00:56:03 Brett Kavanaugh is my dad's good friend No, he brown Jackson is my ex girlfriend. No, what are mirrors? The lintzky is my boyfriend Sloppy is top of the bomb strong What did you do to our guest because we had a different guy? He's actually got um what's known as the home He's got what's known as that home improvement dome game. I got some notes on the show real quick. Wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait guest. I killed him. Did you killed the guy? There's no one running the ship here. This is okay. The bunch of dumb dumb's running. We're captaining the boat. Look at me. Did you kill him? Look at me. I am the captain. Oh no. Okay, some notes from the show. I've been watching from outside.
Starting point is 00:56:56 I do it. Wait, wait, wait, really fast. We got in case nobody knows who this is. This is William Presum. Oh, sure. If you're not a long time fan, uh, we have a crazy rivalry with Stanford. Right, of course. Uh, and this man tracked us down. Bumbard is our step. We're vampires. Where you guys invited me on the show originally, and I can't turn it down. The Stanford man is three things. Right. Um, five foot eight. We fully shaved downstairs, man's gapped. And also we are bisexual. Or bisexual, right? Yes, yes.
Starting point is 00:57:28 So you've been watching all this time. I've been watching a lot. Yeah, I got a lot. We got a lot to go over you guys. He's got notes for us. I got notes always. Okay, did we talk about Prince William? I actually wasn't watching the whole time.
Starting point is 00:57:39 Or we're talking about Prince Charles. Yeah, Prince Charles. Okay, so Prince Charles is trying to fix inequality that's at an all-time high. Actually me, my friend, Prince Andrew, is trying to fix another thing that's at an all-time high. The age of consent. No! William. The whole thing is, we were talking earlier, don't, don't try to catch a bottom in the stock market because they're the slippiest of games. But the solid bottom, like a Slipiest of games But the solid bottom like
Starting point is 00:58:15 Okay, but also like liquidities been coming out of the market. Oh, I don't remember my tinder day mark being named market I don't know something like that Wait, this name is name is master. Oh, she's son. Why's he making me call me call him daddy? William I got 17 more. I'll be quick Can you can they be good you craze is getting 40 billion in eight don't spend it all in one place Saudi Arabia They're up to no good. I got intel though. Oh Yeah, we don't hold on one more Boings boings moving to dc more like buying my pp
Starting point is 00:58:47 that was that was it it was but these will shortage in the u.s. try going to go walk around we oh on a Sunday brunch this point is yeah that's okay and finally finally there's a baby formula shortage in America, then why am I so full of cars? Welcome back, will you? Yeah, I love having you on the show.
Starting point is 00:59:23 I like that you're comfort-beard. It's nice. I really do. I really do. Cause I care about you. We do prep and so do you and I like that. Yeah, wait, so also I have my minions who took over the show, as you can see. Yeah, just click it one more time.
Starting point is 00:59:37 Wait, are we doing his presentation and after hours? Yeah, after hours. Oh, okay. So you killed our guest. I killed the guy. Yeah, this sucks. And look, you got you killed our guest. I killed the guy. Yeah. This sucks.
Starting point is 00:59:46 And look, you got one. You got one. You got one. We do love having William. But we are, we are. I never thought I'd see you. Are we going to after hours? Okay.
Starting point is 00:59:55 Folks, we're going to after hours now. So if you want to see William's presentation, can we just show the title card? Because that was a fun little animation. Is that you right there? Yeah, click it one time. There you go. That's me just being a naughty boy.
Starting point is 01:00:10 Who's naughty boy? He's a naughty boy. He's got a little hand on his neck. Say, you know he's got the neck there. And the little guy in Egypt, I paid to draw him. Spell Stanford rock. Yeah, you got a lot of stuff. Stafford. OK, so we're gonna go to after our mouth.
Starting point is 01:00:28 So you paid some guy in Egypt to make that and he spelled it wrong. Yeah, he spelled it wrong. We're going to after hours now and I have to pee. So you know you're a bad guy, I guess. Excuse me, we're going to after hours now. How, so how have I been? Hold on, wait, wait.
Starting point is 01:00:42 I've been working on myself. We need to wrap it up. I've been working on myself. Can you tell me it out? Hold on, my mindfulness. We have mindfulness, you know what mindfulness is? No, explain it to the audience. What's mindfulness?
Starting point is 01:00:52 Oh, it's like, you know, using meditations and breathing practice. No, mindfulness is when you cram as many psychosexual thoughts in your head at once. Okay, intermittent fasting, I've been doing that. What's intermittent fasting? It's when you starve yourself. What? No, drunk driving.
Starting point is 01:01:08 Okay, okay. Okay, we're wrapping it up here. I've been doing yoga. Shut up. What's yoga? Just tell them what yoga is really quick. Tell them what. It's an Asian practice of stretching and using yoga.
Starting point is 01:01:21 Yeah, there's some stretching yoga. Why OGA? F***. Okay. Stretching and using yeah, there's some stretching yoga. Why oh? Okay on that note we are wrapping up this episode if you want to get the full Go to TMG studios TV This week on After Hours. After Hours, it's staying in! Ah!
Starting point is 01:01:48 I am perched! I am perched! I am perched! You are a controversial man. Let us know and I'll say that. You cannot say that. You cannot say that. Well, when you're hanging out with William Cizzo and you feel like you're getting subscribed
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