The Trillionaire Mindset - 34: Big Bear Market Bounce?

Episode Date: May 20, 2022

THE NEW WEBSITE: https://tmgstudios.tv Is the economy doomed to face stagflation? This week the Trillionaire boys explain the Terra and Luna controversy, a looming bear market, and swap crazy street stories. If you listen on Apple Podcasts, go to: https://apple.co/trillionaire Go to http://public.com/TRILL and you’ll receive a free stock once you open an account. *This is not investment advice. Offer valid for U.S. residents 18+ and subject to account approval. See http://public.com/disclosures/ Ready to apply? Head to https://creditkarma.com/loanoffers to see personalized offers. Open an Alto CryptoIRA account with as little as $10. Just go to https://AltoIRA.com/MINDSET   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.*

Some hippie touches my girl. I'm going dummy on him. You can't possess a woman, dude. Your girl. I actually have a funny story about that. About what? Are we rolling, by the way? I'm always confused when it counts down.

I'm like, is it rolling or are we? Oh, it's just okay. Go on about, well, no, go ahead. Let's start the show. Folks, if you just missed it, we just watch the scene in force gump where Jenny gets slapped and then force tackles him, beats up the guy. Right. And I made a joke.

If some hippie touches my girl, I'll, uh, you know, get the hippie. Yeah, hit the hippie. Yeah. And you said what? You can't possess a right. But so this weekend, it was super hot went to the heavy. Yeah. And you said what? You can't possess a one. Right. But so this weekend it was super hot. Went to the beach. And it was so crowded, couldn't find parking anywhere.

We had to park in a metered spot. And I was walking back. And you know those weird places in Venice where it's kind of like, it's not really a street. It's just like an alley, but it's kind of a street. Yeah. So I'm walking down that and you can see one of the houses is having a party.

And it's like they got the 29th birthday balloons and then I walk a couple more blocks and coming down the alley, it's two girls. And I thought I heard like leave us alone, but I couldn't tell if they were joking or whatever and there was a guy behind them. And so I stopped and I said, are you guys okay? And I figured they would be like, yeah, he's just whatever.

And she went, no. And I was like, oh man, I'm gonna get my ass kicked. And so I was, I just kind of looked at him. And I was like, what's the problem? And he kept being very, he's like, oh, are the years. And I was like, I don't wanna say yes. I was just trying to get him to, so I was like, I don't want to say yes. I was just trying to get them to find. So I was like, no, there are no buddies. And he kept being like, are there years? And I feel like if I would just say yes, he would be like, oh, then like,

we're all good. Sure. But I just kept being like, no, there are no buddies. You were trying to educate him, but also deescalate the situation. Yeah. Not an enviable position. And I was like, would it just be better to be like, yes, fuck off. Yeah. Yes, these are mine. Now leaves, sir. I once did this similar thing in Venice Beach.

I was babysitting, I was house sitting from my friend Jill. Shit, whoa, excuse me, sir. She had an apartment right on the strand there. And it was 2014, 2013 or 2014, and a smoking pot with a friend of mine who came over in the apartment. It's like 10 or 11 PM, and I hear this girl screaming in the alleyway there.

Jesus. And I look out the window and you can see the whole alleyway and it was a group of younger people probably my age at the time I think I was 24 25 and There clearly they had come from a bar. They were all a little fucked up But there was a guy like yelling one of the guys in the group was yelling at this girl And it was escalating and none of them were really doing anything and I had this I Don't know what it was.

I had this shot of adrenaline and I had my shirt off. Yes, dude. And I'd been working out at the time and I felt pretty big and I put on, hell yeah. And I put on the boots that I had without any socks on and I just, without thinking I ran out there and I was just on fire Hell yes, I'm fucking on fire over here, and I got down there and the only thing I could think to do was Okay, well I got to be like an animal and a pure bigger and sound like when you're bare Yeah, and I just yelled hey

Like it was and it echoed in the in the thing. And I remember doing that thing with my shoulders, where you make like your, oh, yeah, you got your like hocks up. Yeah. I just came up. And as I came up in my head, I'm like, oh, God, please don't challenge me. Please, please. And the guy just looked at me and he was drunk and a little bit shorter than me and probably my age

And he had on glasses, so I was like, all right this guy's not and at the time I still wasn't fully wearing my glasses all the time, so I didn't have mine on so glasses guy Did you have your glasses on? He would have kicked your ass. Oh, yeah, he looked at me and he was like Oh, she did it and I said shut up You went you went full fucking gym cream, Rob. I went, I was like, and then immediately I was like, oh, I got this situation under lock. And I said to her, I'm like, are you okay?

Something like that. And she was like, yeah, he's being, you know, a shit. And I said, you need to get the fuck out of here, man. Just, and know, a shit and I said, you need to get the fuck out of here, man. Just, and he started babbling and I said, no, shut up, leave, walk away. Walk away. She's like, that's my brother. It just was, it was just stupid.

We were all stupid. And then, yeah, I went back into the apartment and they had scattered. She got into like an Uber. He fucked off somewhere. Britney, I'm sorry. I'm sorry. That's better than mine,

because mine ended with me. The guy just had me on the ground. My face was on the pavement and I was like, girls, get out of here. Please go. I don't know how long I can hold them off. He's just hitting my head into the pavement. But he was a hippie?

No, just a sketchy dude and He also didn't do that. I just had to walk them to the park because he wouldn't fuck off. Yeah We'll share as we're just getting hammered this morning. Everyday they're failing it. That's why I need to learn boxing or jujitsu or something because if I wear every Oh man, imagine my guy grappling is gigantic. Me grappling? Yeah. Oh, isn't being big in jujitsu a bad thing? I don't know.

What do I look like? Joe Rogan? Kind of. No, I don't. I should get pet rats again. No, I don't. I miss having pet rats. No, I don't know what do I look like Joe Rogan? Kind of. I don't. I should get pet rats again. No, don't I miss having pet rats. No, I don't do that. I had this pet rat when I was a kid named baby boy was my first pet. He had a massive balls this rat. Ew. I mean they're huge. They're like the size of peanuts and on a rat that would be like the equivalent of us having shot put balls. Kind of balls. No, bigger.

All right, shot put. It really is fucked up how small our balls relative are relative. Hey, speak for yourself. To, I'm sitting on T-Guy Dam Tangerines. That must be uncomfortable. It is. There's a, isn't it weird how much dog balls look like human balls?

Like when, because they're so often neutered, but when you see them, you're like, and they're huge relative to their body sizes when I'm getting that. Maybe ours are too. No, they're not. It's just because we don't walk on all fours. And that, hmm, good point. Our large penises cover them.

That's true. That's true. I followed through that, buddy. Oh, man. We had a dog named Boomer, a big fat white labrador with a who was too stupid to be a bomb squad dog. I love the I want a dog who fails out of like a guide dog school. He was a he was a dumb dumb and and my dad's friend Barney his best friend one of his best friends was a orange county bomb squad guy And he's like, hey you guys want this dog? He was too dumb to be trained. I want a dog. Yeah.

Just hanging out in your house like, yeah, I was almost on the force. Couldn't cut it. I didn't know how to sit. I couldn't smell the bomb. Yeah, I failed hard. Well, so we sired him. I think that's the word.

We made it him like eight times. Ew, dude. Yeah. It was so fun every time. Who wanted to meet with this dog? This poor guy. He was like a pure times. Ew dude. Yeah. It was so fun every time. Who wanted to mate with this dog, this poor guy? He was a, he was like a purebred yellow lab, but he was, he was busted. He was a very, he was a beautiful big white labrador.

And every time we made it him or whatever the phrase is, I'm getting it wrong, every time we made him fuck, we would get to, they gave a, Did parents make you watch your dad would play? No, the boys should see it. We did one time. We went over to one house, one of the dogs, and we had like a barbecue in the backyard, and I remember we were eating glizzies.

What are glizzies? Hot dogs. And you call them glizzies then? Cause that's what they're called. That's what you call hot dogs. Don't you know? Come on. How old are you, old man? You didn't know that?

Don't fuck with it. Come on, no, they're called glizzies. Who calls them glizzies? People on the internet. Yeah, a glizzie is used to mean a hot dog or the sausage is part of a hot dog. Oh my god, you get off TikTok. No.

Stop saying such a mean like I'm weird. A glizzie used to mean a glock, No Stop saying such a mean like I'm weird A glizzy used to mean a Glock like a gun like I got my glizzy But it turned into I don't I don't remember I remember looking it up because I wanted to know but yeah Now I'm gonna say you're eating a glizzy watching your dog fuck another dog. Yeah You're going very good Boomer and I was like god damn cuz I remember I was like you watched well Yeah, I remember looking over at one point and he's banging the the dog and I'm thinking I remember my little kid But I was like tan I remember thinking this is kind of weird that we're all just kind of here and the dogs fucking the dog and We're all eating glizzies and didn't look over at you

Cuz I don't know they were both really into it I mean like they were both really into it. They were super into each other. They were in love. I don't even like seeing a dog kind of go to town on a pillow. Any kind of like so, I'm like, this feels very private. Oh, that's fine. You should.

Yeah. I can leave the room if you'd like. Yeah, but yeah, his lipstick was out. It was like a full moon. Yeah. It wasn't lipstick. This was a, if you pardon me, it was a glizzy unto itself. And he was going to town.

But what was great was when the, when the bitch would, Ben, birth, the, that's, you know, I'm just, being, so listen, we got glizzy, we got bitch here. Bitch, I know that one's outdated. When they would have puppies, we got to go over and then play with a whole litter of Labrador puppies, it was heaven, it was so great. I'll have to give us a photo,

we'll have a photo popped up, because then we would take pictures of Boomer's Glizzy. No, no, of the puppies. And we would all be like me and my brothers would be playing, and they would give birth to like eight or nine puppies at once. Is it kind of forced? What? The sex?

Yeah. No, because the dog is in heat, and the dog wants it. And boomer's like... Ha! Well, because we had... We had a... One of his puppies from one of his first litter, Molly, sweetest dog in the world,

but she never got spayed. And when she was in... You made Boomer fuck his own? No, no. No, after he passed. That's what they do with those purebreds and stuff it's disgusting. No, we didn't never did anything like that.

I'm not saying you did, you glizzy and monster. But I like my glizzy with mustard personally. I'm sure you do. But Molly, when she would be in heat, would lift up her tail and back into our other dog, Pete. And Pete was neutered and he just would kind of go, I don't know what you want here, lady. Pete's like, look, it doesn't work.

Yeah, it doesn't work. He was a great dog, though, too. They're all dead now. Damn, that's funny. Just lift the tail and back up. Yeah, it was weird. I'm like, whoa Molly's horny. That doesn't compute. Hey Glenn! Sorry, it took so long to get to the disclaimer. That was 10 minutes of dog fucking. No, we talked about forest comp and yeah, and almost getting our ass. So folks, you got to check the disclaimer. It's in the description box. You're going to want to click, watch this.

You're going to want to click more. I finally got it right. Unless you're watching on the TMG Studios app and then you're going to want to click continue reading. Yeah, but that disclaimer basically absolves us of any wrongdoing. If we say to do something bad and you do it, like take all your money and send it to me on red

mo oh yeah that kind of stuff but then I'll send it back that's not bad yeah I was talking about worse stuff yeah like what well they've told us not to say the stuff oh yeah you're gonna want to please tell the people what to do please oh I need you to go on to the site and click like on the video. As many times you can from from different accounts. Oh, and on YouTube and I need you to subscribe because this is a big thing. We are getting closer and closer to the day to funky town. Yeah, we're at 28. That's so remarkable.

Thank you so much to all 28,800 plus of you. But, subscribe on YouTube. If you want to see me tongue bend, you got to tell your friends. That is true. We got to hit, when we hit 50K, we got a big smooch coming in. Because Ben said, I talked to him off air.

He agreed to it. He's going to let me tongue him. There you have it folks. And then at 100,000, we are doing the semi-nude calendar with Justin Meos penis. Justin Meos penis. Yeah, so that's coming. Everything else is clothed.

Yeah, I found a one piece. The whole thing goes on and it's just the penis cut out. It's the, it was a website I made and I'm making the garment. I have a, I have a Twitter group made and I'm making the garment. I have a Twitter group chat that I'm in. And at a certain point, a fun prank we were doing was taking pictures of just our balls hanging out. And so there's a whole group of guys who has nudes of me.

Well, I guess you do too. Sure. And my brothers. Did you guys used to do the thing? It was like very popular when we were in high school to um show your Yeah, you do the you know you pull your scrotum out and you go I think I got gum stuck to my leg or something like that or It was like a no, I never did I think it also got popular with that movie because they kept doing it to each other. Yeah, yeah. Waiting.

Yes. But I remember we went to... I played lacrosse in high school and we all... We got into this tournament and it was down in Florida, Disney World. And so the whole team went and we had parent shaperones. But so obviously the entire week we're there. We're like, Oh, Eric, like come up to our room blah, blah, blah.

And then someone'd be waiting there with, you know, they're dick and balls through their legs. And then we were going to get someone really bad. And it wasn't planned at all. And then our friends that opened the door and just saw our friends, dick and balls, which was a pretty special. Yeah. It's very special. Well, guys, it was a... Pretty special. Yeah. It's very special.

Well, guys, it is the Trillian Airlines that the premier finance stock podcast. The only podcast where you can get the inside track on stocks and stories like that, anecdotes like that. It's really, you never know what you're gonna get. Leave a comment. Also, hey, I gotta let you guys know, I am working

on making a trade room where we can trade together. But we got a lot to cover. We got crypto corner coming up right immediately. We're gonna talk crypto immediately. We're gonna talk recession stuff. We're gonna talk Powell. We gotta talk about Elon Musk and earnings and all sorts of shit. So crypto corner, let's jump right into it. Was that you waiting for the animation to play? Yeah, the animation plays. So we, I did you, do you understand what happened with Terra and Luna? Because I refreshed my memory and I feel like I fully understand it. I do like on a basic level, I think on a higher level, it's very confusing to me the whole algorithm,

algorithmic stablecoin. Because it's bullshit. And it's basically apostasy. And that's what's funny. I was reading Matt Levine talk about it. And he basically, he has a very funny thing. He has like a little paragraph where he says, here's how an algorithmic stablecoin works.

You want me to read it? Sure. You invent two tokens, call them dollar coin and share coin. You list them on the crypto exchanges, share coin trades for whatever prices it's determined by supply and demand. It might be one cent per share coin or one dollar or a hundred dollars. Who knows? But dollar coin is supposed to trade at one dollar.

If it trades at 99 cents, you have some automatic process in which you print more share coins and use them to buy dollar coins until it is back to $1. If it trades at $1.1, you have some automatic process in which you print some more dollar coins and use them to buy share coins until it is back to $1. The result is that dollar coin is firmly pegged to the dollar.

The process is sometimes compared to algorithmic central banking where the central bank maintains the value of the currency dollar coin by adjusting its supply. And then he ends it with on first principles, this is insane. Did you get all that? I did. I understood. Yeah. It is insane because normal stable coins like tether are backed by an actual asset like the dollar right and I used to be confused But now I fully understand the the whole purpose of those stable coins is to park your money into something Before you're deploying that cash. So if you have Say $20,000 worth of Bitcoin and you want to sell it to buy Ethereum say But you don't you're not ready to buy Ethereum.

Sure, you could just, if you sell your Bitcoin, it would go to cash actual dollars, but that takes a few days to settle. Right. So what you would do is just buy another cryptocurrency like Tether, because it's essentially dollars, and then you could just deploy that cash immediately versus waiting for it to settle. Is what I'm pretty sure. Okay, but so why did you say it's all bullshit?

Because what happened with Tara and Luna, it's like at first it worked, but then it's like a seesaw, because the, the, the, Tara was the stablecoin, and Luna was the associated just cryptocurrency. And like you said in that description, Luna could go like it did. It could go from a dollar to $115, which is exactly what it did, because as it gained popularity

very, very quickly. And Tara is supposed to stay stable at one dollar. At a dollar. Yeah. And the way it worked was, let me see here. So what what what happened is, like I said, Tara wasn't backed by anything. It was backed by algorithms that linked the value to Luna. So if Tara dropped to 99 cents, you

could mint a dollar's worth of Luna and take advantage of that one penny discrepancy. That's called arbitrage. Right. So, all right, hey, Tara drops from a dollar to 99 cents. Fuck yeah, there's a penny to be made. I will sell, I will convert $100 worth to Luna and then, you know, then I've got $100 Luna and then the fact that you are then burning that Tara

means that the supply has shrunk by just that much and it's supposed to go back up to a dollar. Same principle applies when it goes above a dollar. Now it's at a dollar in one cent. Well, we've got to create more Tara by selling some Luna, right? Well, create more value, I guess, with the... Well, no, you would be increasing the supply of...

Even of Tara? Yeah. And then it would, theoretically, because now you would have just that much more supply, it would bring the demand, or it would, yeah, this, I mean, if you're having trouble understanding this, that's kind of the whole fucking thing, is that it's all horse shit.

So it rose in popularity, Luna went over 100x, it made a lot of people very, very rich. Also, they called it a perpetual wealth machine. Perpetual, wealth making machine. Yeah, so it was, and part of the, so a big, big, here's's the kind of the big kicker. So Tara, the stablecoin, offered 20% annual yields to people who deposited their Tara into what's called the anchor protocol.

Think of anchor as like a bank. So hey, I've got $200,000. I want to earn 20% on it. Whoa, I can just park my tarot, I can stake it, meaning I can't touch it, I can't take it out, and I'm gonna earn 20%. Well, where's that 20% coming from, you might ask? A separate fund!

Where they're just like, hey, we're just gonna like take cash from this fund and pay it out to all the people. They were burning millions of dollars a day. Yes. So obviously... Obviously, it was... it was so many millions of dollars. So what happens when you run out of money to pay those people, they're 20% yield? That's when the Ponzi scheme collapsed, right?

You need more people to keep buying in. Exactly. So what happened was it all kind of happened really quickly. By the way, $14 billion worth out of the $18 billion worth supply of Terra was on anchor. So 14 billion of the 18 billion possible Terra tokens were on this anchor getting that 20% yields. So that's a fuck ton of money that needs to be paid out from this separate account. So deposits started dropping from 14 billion to 3 billion when they had announced a variable

rate instead of 20%. So that was kind of the first signs that the music was stopping. Was there saying, hey, 20% not so much anymore because we need more fucking money coming in to pay this thing. So we're gonna do a variable rate instead. And what did that do to everybody who was holding their tarot? That's starting to like signal to people, oh shit, maybe the good times aren't gonna last.

So they started selling their tarot. But remember, what happens when you sell tarot? You're minting new Luna. You're creating new Luna supply. So it's getting way devalued. It's getting diluted. Suddenly there's going to be this influx of Luna getting minted, and that's exactly what started happening.

People are selling Tara by the billions. It's getting turned into Luna, and they're dumping their Luna. And then, you know, it's just started to, it cascaded. The supply ballooned out of control and the balance that we talked about was thrown and then it caused terror to drop. And then when that started happening, Do Kwan, the guy, the genius behind this thing,

had to deploy some of their Bitcoin reserves to like prop up the price Like two billion dollars worth of Bitcoin I think so what did that do? It helped contribute to Bitcoin dropping So it like was this big fucking They said you know this thing that seemed too good to be true Turns out it might be absolutely what yeah, so people burned their tariff for Luna the supply ballooned out of control. They deployed these Bitcoin reserves to attempt to save tariff, but it wasn't enough and it just triggered more selling.

It even triggered a Bitcoin sell off and it just I think the supply of Luna went from however many millions of tokens to now like a trillion. There's like a trillion Luna out there. Well that's good. Good, more Luna out there. But so it went from 115 per Luna to like 0.001. Should we, like this is a big deal because obviously coins implode all the time, right? You hear about all these things.

But this was a top 10 coin. It was a big number six. Yeah, number six coin. Yeah, those kind of things don't often just implode overnight. No, finance, you know, finance, the crypto exchange. Yeah, they had, they had bought like three

or four million dollars worth of Luna that went up to be worth like 1.3 or 1.6 billion dollars at the peak. They never sold it. Now it's worth $3,000. Good for them. Diamond hands, baby. Yeah. You know, you got to praise it. I, I, I, I, hodling. And, uh, I do want to show just real quick, because there were big believers in this. I think if you go to my notes, there's the first link. You saw the picture of the guy's tattoo, right?

What is his name? He's like a somewhat famous investor. I can't remember. But he was a Wall Street guy. Mike Novagratz. Right. You know, this guy fucking believed in it. He said, he tweeted, I'm officially a lunatic.

Thanks, stablecoin, that's Dokewond, the creator. And thank you to my friends at Smith Street tattoos And he's got a wolf with a Luna banner. I also fucking hate that so apparently This is right down the street from Jim Kramer has a bar in Brooklyn bar San Miguel And this is Smith Street Smith Street tattoos. I used to all I used to be in that area all the time Where where's the bar? It's down by fucking like Carol Garden. Oh, that makes sense, yeah.

Does it? Well, yeah, I was, I was gonna say, it's definitely not in Williamsburg. And Smith Street tattoos is the cool, you know, Smith Street in Brooklyn down. Yes. Huh, I didn't know creeps like this were hanging out down there.

Put the whole new light on my entire life and Brooklyn. The most entertaining part of this whole thing to me was this absolute butt clown. Logan Shippie was his name. I don't know what he is. He's one of these marketing guru lifestyle, aspirational and great guys. Yeah, but this guy's on another level He lost about a house. Yeah, he said he posted this tweet

Should have because this guy was tweeting the whole way down saying I'm buying fucking a ton more Luna And when it dropped to 20 bucks or something he said he had a picture of his wife and he said look Look at his picture of my wife my wife has has no idea I'm about to drop 200 grand on more Luna. She told me not to, but I'm gonna do it anyway because my wife is an idiot, is basically what he said. There are probably so many wives out there right now, just like, there's probably support groups,

then just media. I told him not to buy fucking come coin. Look what I'm, I'm not going. I'm not going. I told him not to buy come coin. Yeah, should have listened to my wife She told me to sell Luna at a hundred dollars could have bought another house instead. I'm drinking this beer waiting for a Luna 2.0 air drop this fucking guy He's stupidest thing I've ever heard. Yeah, he's waiting for the next one dip shit But wait, I fucking house you moron. Yeah, look it, we gotta watch, so this is who this guy is.

Also, can I just point out, and I don't wanna seem like a snob or anything, but look at what he's like, brack, look, I'm sure it's lovely, but he's trying to brag about being so rich. It's just like a very regular deck with like a fireplace, you can get it home depot for, I don't know, $150. Sure. Well, we gotta see, I wanted to see more about this guy and this is his other tweet I lost 50 grand on Luna. How will I ever recover?

He's being sarcastic because he's gotten a lot of haters by the way the baby maker is laughing She calls this baby maker. She said I told you babe. I said I know I know I know next time I'll take more profit Next time I'll take more profitable the way up He just misspelled it, but then he he attached this video. Oh my god. Look at this guy. Oh, we got to watch this It's a 10 second video. Let's see this is this is just a showing his lifestyle that he leads the lifestyle Come on get on the plane Come on, get on the plane! Here we are on the plane! I think the bro college dropped out to building a bolt-on million dollar business online.

It's weird they're all so fucking butt-heard about something. Like, they all have this attitude of like, you guys fucking doubted me. Yeah. Like, look what I fucking did. Wait, there's another video we gotta watch. Luna, yeah. It's so what, I'm a college dropout. Here is Luna tanked put all be okay on to the next 20 Xer this time I'm taking profit on the way up by the way. This was me before having a kid

LOL You're let's see what his life was like before a kid fucked it up. I will say he's kind of a handsome dude Oh, he's a super hot dude. That's annoying. We don't love that. Yeah, let's see this. Check out this lifestyle, this guy lives. Yeah. Yeah. Woo. Woo.

Also. Come on. Come on. Come on. Yeah. That was good. That was just him and his wedding. Help.

These are the dorkiest guys. They fucking, who edits videos of themselves from their own vacations? Also, I don't trust a guy like this. To me, this speaks, I just love the like, C'mon, it's all so, it's all so, it's age. Truly the most normal butt ever. He's got, he's got like a close-up of a butt, which is like good. It's wife's butt, bro.

Just, great butt, good for them, but just such a normal. Yeah, I, any guy like this who is trying to sell you on, like did you see how he had a stack of hundreds and he's sitting on the hood of a BMW? And flying private like that? There is nothing, you're bad with, that just shows that you're bad with money. Dude, what are you going to Vegas to,

you're flying private to Vegas, you're gonna go gamble. Okay, you're a dipshit. Like fly Southwest, dude. But he's not, he's so different than you. True. You want him to be a BMW? I drive an 89 Volvo.

He thinks it's always gonna drive an 89 Volvo. Right. He thinks it's always going to keep coming. Yes. It's never like, that's just one of many. That's why these guys are so like, it's like, holy shit, you guys could have got out. Yeah. But it doesn't matter, right? It's like, and then if that one fails, it's on to the next one.

You're going to find the next fucking thing. It's great. And your baby-making wife is just an idiot doubter. Yeah. She's a no-coin pussy. Yeah. She can fucking haul her ass just an idiot doubter. Yeah. She's a no-coin pussy. Yeah. She can fucking haul her ass down to the support groups. Yeah.

But you're gonna be busy finding the next one. She... God bless her. I hope he gets divorced. I hope his wife leaves him. Then why, we don't wanna say that. Look, if you're Shippy's wife. Logan Shippy.

Email us. What's up guys? It's Logan Shippy just getting on the private jet. My life is a fuckin my life is a wreck. My life is a wreck. The baby maker left and she took the babies but it's okay because we're always climbing the next mountain. Yeah we're automating. We're in e-commerce all-inc, e-com, Shopify platform. Look at how much money we are making, drop shipping, cheap, plastic, toys, or something. I don't know what the fuck they do.

I just hate all this. I hate that dorks think they're cool now. I mean, he seems cool. He doesn't look like he was ever a dork. He was. He like made some money and got a good haircut and started working out. Yeah, but he's hot. He's a handsome guy.

I don't care. He's still a dork. That's true. He's a handsome guy. Oh, care. He's still a dork. That's true. By virtue of the fact that he is this way, he's a dork. Dude, they're hot dorks. My friend dates the hottest dork. Yeah. And it's like, he showed up the first time we met him and it was like, oh my god. And then he started like hanging out with us and I was like, oh my god, you're such a dork. Yeah. I just love how these guys,

Oh my god, you're such a dork. Yeah. I just love how these guys, in their funny little bird brains, their cute little innocent brains, they think that the entire economy could thrive if everybody just stayed home and did drop shipping. Yeah. Joe Biden should, uh, we're all just selling each other stuff from Alibaba

and Alibaba Express, which is like where you buy cheap stuff made in China and then you mark it up 2000%. Sounds like a good plan, I'm in. These guys, man. But that's all, I mean, the fucking bravado and hubris on these guys, I do want to point out this, so Doe Quon was the creator of Luna. Yeah. Also, a fucking shit that here's a little tweet You

He tweeted at someone who was kind of doubting DeFi and everything and his response was just I don't debate the poor on Twitter And sorry, I don't have any change on me for at the moment And this guy's whole shit just imploded and he had also said that he oh and this it happens real fast because he He had tweeted his a tweet storm about his plan to fix things this guy This guy on the 11th of May just a few days ago said I'm changing all of my Bitcoin for Luna because Luna has fallen a 96% it can only fall a 4% max now. Plus, I trust you in the community. And then, Jesus Christ. Literally the same day, like six hours later,

he said, karma will fucking get you in your future bloodline, you piece of shit. But also, Doke one had said, I think his recently his last year, when he was interviewed about his thing, that he finds it entertaining when crypto projects fail. And it's just that fate, it seems, is not without a sense of irony. Can you name that movie?

Face off. No, Connor, maybe if I say it a little differently fate it seems is not without a sense of irony Badly tenet. No, that is don't do it. Let me get it if you don't teach me. I'll never learn agent Smith in the matrix oh It's Morpheus. Wait what oh Yeah, no, it's Morpheus. Yeah fate what? Oh yeah, no, it's Morpheus. Yeah, fate, it seems, is not without a sense of irony. What, throughout human history, we've always been dependent on machines to survive. Yeah, it's when he's in the freaking thing.

I don't even know if that's true. Fate is with, is what? There was probably a long period of human history where we were not reliant on machines. Come on, dude, the plow. We are always reliant on it, yeah. Humans have been around for so fucking long. It is a dude, the plow. We are always relying on it. Humans have been around for so fucking long. It is a miracle that humans have survived. We are at the, we are way past our point of extinction. We've overstayed our welcome. It's trippy to me that I had

descendants in like 80, 200. There was, there was someone, there's someone related to me. You grew out of some kind of like, lab- Eat treat us. Yeah. But like, I mean, if I am obviously a product of my ancestors, there's someone who was a lot like me in 8200, just going, fuck, this shit sucks. I bet they were someone who looked a lot like me just with no clothes on. Well, yeah, dude. No, but I feel like I look like a monkey with no clothes on. Well, yeah, dude.

No, but I feel like I look like a monkey, man. Sure. Yeah, you do. I don't know how people handle diarrhea back in the day. Charmin. No, but this was before that. You know, do you know how they do? They probably didn't get it as much.

You know why you get diarrhea? Because you eat shit. Okay, liver king. All right, chill out here. But unless they eat like something poisonous, I'm sure they probably had great shit. Okay, liver king. All right. Chill out, here. But unless they eat like something poisonous, I'm sure they probably, they probably had great shit. I doubt it. Why?

I don't know, because you know how they used to wipe their butts in ancient Roman times? Like dogs, they like, no, no, no. No, no, no. Across the carpet. Good guess. First of all, in the bath houses, there would be no stalls. It was just like, you sit down on the bench next to your friend and just, hey, how's it going? You know, and they had a sponge on a stick.

That's good, that's how I do it. I do like that, they're all just kind of shitting next to each other. Yeah, something changed over time. You ever piss at a trough? A trough? Trough, what did I say? Trough, I don't think so.? What did I say? Trough? I don't think so.

Yeah, but I don't like doing that. I was able to handle that as a child, but no, not anymore. I get P-Shy. You get P-Shy? Yeah. Big time. You, why? You've, I don't know, because I'm thinking about getting splashed on.

I don't want to get splashed on. Keep your P-P away from me, sir. Oh no, that's me. All right, enough trough talk. You know, I could pee and stand there for 15 minutes before putting myself back in my pants. What does that mean? I could sit, we'll wait.

I could stand there in pee and be done and wait for 15 minutes and put my penis back inside. Oh, and still still. Still drip. Yeah. See, the women will just never understand. This is the pain of being, this is what Jordan Peters is talking about. You can, you can sit there and shake for as long as you want. Yeah.

Something happens when your penis goes back and you drip. You know, women don't understand the plight of men. So when you say that men are, have it better, what do you mean exactly? Because men, I've got piss on my pants. I've got peered my pants. So what do you mean when you say that? God that guy says. And he starts crying because now he's like, I've got to go. I'm sorry, I'm crying. I'm just brain damaged from the benzos. And the meat, all the meat I've been eating. I was trying to detox from benzos for, poor guy.

Vitalic buterin, so the whole Tarah Luna thing, prompted Vitalic buterin to talk about how crypto needs a kind of FDIC insurance to save. And I would agree with that. I think that that's a good idea. Yeah, I'd agree with a lot of things when they say that crypto needs more regulations and stuff.

It's just funny to hear it coming from these. And now he's not arguing for an FDIC. He's saying, he's citing it as a precedent. Yeah. Well, he wants Luna citing it as a precedent. Yeah. Well, he wants Luna holders to be made whole. Yeah. We should create a coin that's supposed to go down. What do you mean?

I mean, you make money when it goes down. How would that work? I don't know, I'll get the nerds to figure it out, man. Vitalik, you can figure it out. But this is a coin that we've created that actually goes down and when it goes down everybody makes the money. That would be a successful coin

because they all seem to fucking tank after. I should create a persona and trick dipshits like Logan Lippie or whatever's name is. Logan Lippie? Logan Lippie. I've created a new coin called Luna 2.0. The way it works is- Why do you do it like the guy from

third rock from the sun? French Stewart? Yeah. Uh. Uh. Uh. But anyway. Should we talk about Seth Green losing his apes?

Oh, we gotta talk about Seth Green losing it. We should talk about celebrities in general because Well all of this crash is happening. They're all very quiet except for Seth Green who is begging people to help him find his apes My apes they're all gone And Seth Green says well friends it happened to me got fished and had four NFTs stolen Board a piazza in his tagging all these people to help him him. Please don't buy or trade these while I work to resolve. Darkwing 84, it looks like you bought my stolen ape, hit me up so we can fix it. No.

No. If I were Darkwing, which I am, sorry Seth. Oh yeah, we're the ones buying them all. Yeah. And stealing them. Just, we're the ones fishing you. God, these people. Look at these fucking pictures.

Yeah, look at his doodle number 7, 6, 4, 6. If you stole these from me, I'd say good riddance. Yeah, you know what? I hated those pictures anyway. Get those pictures off my books. So Lebs like Matt Damon and Tom Brady have been Hawking crypto and high profile ads, but if you invested when they told you to, you'd be seeing major losses. this is they they basically calculated how much because you had all these people doing the ads the the Matt Damon one was the most famous but poor Matt Damon. Oh God getting his fucking Larry David's poor Matt Damon. Yeah, he wasn't

right doesn't make it dude Larry David especially it doesn't make any sense this dude is like he's almost a million Yeah, famously so, a curmudgeon, he probably heats this shit. Why take that paycheck? I don't understand either. I really don't. Now you look like a fucking idiot. I mean, what are you doing?

It says, if you invested in Bitcoin on October 28th when Damien's ad debuted, over 52% of your investment would have been wiped out by now, which means as John Schwartz from the Intercept pointed out on Twitter that if you bought $1,000 worth of Bitcoin at that time, you'd have about $526 right now. So you still have money. It's what you're seeing. Yeah.

Invested and your money won't fully disappear. Fortune favors the brave, more like fortune favors the butt. Because also I've watched that add so many times because I can't, it's just so bananas of him walking through the museum being like, yeah, melee air heart, food airplane. And she fucking died. No, she, we don't know that there's speculation that she actually got marooned on an island or something, right?

Would there be pictures or something? But every one of the examples he uses is like, probably a lot of people died. He uses like the early explorers trying to find new shipping routes. Tons of people probably just dead. Well, fortune favors the brave because the ones who survived

went on to massacre the native population. That could have been you. Yeah. But you sat at home and you're up, you moron. Yeah, you know, coin bitch. He uses people who climbed Everest. Yeah. Tons of people dead.

Yeah. He also uses the right brothers. You know how many people probably slammed into a mountain face in their shitty glider before the right brothers trying to figure it out? That would be me. It's always one person who gets to do it. Yeah.

Well, but fortune. And then he just, the survivors get fortune. There was who don't die. There was one That was just people falling in love and it's like mm. Okay. I guess so well love is awesome and the last one was astronauts. Yeah Lumbia anyone Columbia. Yeah shuttle the space shuttle. Oh right the one that just blows up. Yeah What was the other one endeavor? No, I think it was like the discovery or something or a Challenger challenger the fucking challenger. So well sure Neil Armstrong went to the moon. You're gonna be one of the guys

burning up in a fucking cockpit. You're a gargourine or whatever the rushing guy. Oh God. Yeah, that one's tragic. But I mean to be fair, Matt Damon didn't write the copy for that ad. He just sat there and read it. But he collected his paycheck. A good- A billionaire. That's true. I-I really hate to do this, but I have to pee so bad.

Can I take a quick break? What if I said no? Pe- Pe-pe- It's a coffee. This is insane. So the thing about Matt Damon is, his boy's wicked smart. You guys remember that?

Do you guys even know Goodwill Hunting? Yeah, I love that movie. Great movie. He's in love with many driver, but he's just a poor orphan boy. Or a orphan boy. Remember when he does all the, when he lists all his brothers? Tommy Bobby Ricky Timmy. I can't even do it. Johnny Jimmy Robbie Ricky Bobby.

Try now. Oh yeah, yeah, my brother scholar. What are they called? Marky Ricky Danny Terry, Mikey Davy Timmy, Tommy Joey Robbie, Johnny Brian. And then she makes him do it again. And she goes do it again. And he goes, Marky Ricky Danny Terry, Mikey Davy Timmy, Tommy Joey Robbie, Johnny and Brian.

I will say I'm from, my dad is from Boston and it's like, so many people are named like that. Machi, Ricky, you know Danny, Terry, Mikey Davie, Timmy, Tommy, Joey, Robbie, Johnny, and Brian. Oh, God, oh, geez.

Oh, God. Oh, shit, oh, fuck. Oh, shit. Oh, oh fuck. Oh shit. Oh fuck. Oh god. I didn't flush. Why? Because I was like there's no time. Surely there's time to flush. Even though there's absolutely time. So I'm sorry about that. Machy Ricky Danny Terry, Mikey, David Timmy, Tommy, Joey, Robbie, Johnny, and Brian. We didn't start the fire. Okay, so I don't know if Alex is editing that out,

but I kind of hope not because I want to see what you had said. Well, I was I don't think anyone will... I don't think anyone will enjoy it. I was just asking the boys if they ever saw. Good will hunting. Good will hunting. Uh, so let's move on. We gotta, we are, we're getting close to a bear market folks. We're in correction territory.

Correction is when the market drops 10 to 20%. A bear market is when it drops more than 20%. The NASDAQ is currently in a bear market, but the S&P not there yet. Powell, Jerome Powell, dipshit, mother fucker, dipshit, as whole other fucker, idiot, moron guy, spoke on Tuesday and said a whole bunch of shit. So what do we think? What do we know? The easy money is over, right? The decade plus of liquidity and just money sloshing around the system is essentially over.

The tech companies that enjoyed meteoric stock rises, given the benefit of the doubt where they were just burning money, not profitable yet, that's all kind of coming to an end where the market's now like, okay, we've been giving you all this money for so long, investing in your stocks. When are you going to be profitable, Bob? And there was a click baity article that we were sharing with each other. It's from Business Insider and it says Wall Street is heading into a summer from hell.

And top investors say it's going to bring a near biblical reckoning to the market. Intoest. The, the, I mean, reading through it, it's, I mean, I was like, holy shit, let me see what the, they're talking about the four horsemen of the apocalypse coming.

It's not, I mean, it's all the stuff we've been talking about. Yeah. Everything you've said is true. The stuff I found interesting is at the end, they basically lay out what could happen. It says there are three ways this could end. The Fed could pull off. It's a limpian balancing act, meaning the US would see a brief period of slower growth, but inflation would recede and things would go back to normal,

whatever that means now. Another option is stagflation, that means the feds interest rate hikes are unable to tame inflation, but the economy still slows, leading to a double whammy of high prices and miserable unemployment. Lastly, interest rate hikes could seize up lending in the US, screw up our currently robust jobs market and push us into a recession. Yeah, it's a two out of three won't be fun. Jerome Powell and the Fed, they don't have it easy but they also created this mess and

They really don't have a lot of options for Going forward a soft landing is I believe they said in the article that it's like Landing on a balanced beam that's slicked in vegetable oil. That's the only balance beam. I'll try to land on yeah Damn look how slick that thing is You're gonna credit guard that thing. Oh, man But there have been eight bear markets since World War two right without a recession So there's a possibility that we get a bear market without a recession and the average decline for those eight bear markets was 24% and they lasted seven months. So there's that. Also, on Monday and Tuesday, the S&P went up

2% in two of the last three days. Yeah, that was as of Wednesday. So the S&P went up 2% twice coming off of a 52 week low. The last time that happened twice was March 2009 in March 2020 Which were both major lows like after that shit bounced Also the S&P is down six weeks in a row the longest streak since 2011 and it hasn't hit seven weeks in a row since 2001 This is setting up for the seventh week. Was it 2001 because of 9-11? Probably. I would guess.

And also the dot com bubble bursting. And guess what? The S&P was up an average of 8.8% 12 months later. The last time that happened. Also, Bank of America, which is so funny, because Bank of America is shortened as B of A or Bofa. Why is that funny? BofaDs nuts. Come on. Come on. Bofa, fun manager, survey shows that... I think they say B of A. Of course they do, but we're saying Bofa, because this is a childhood.

No, I haven't said it once. I know that it will. That's a millionaire mindset. Promise. Bofa. I'll never say it. Bofa phone manager survey shows that we've also got the most cash

on the sideline since, can you guess? Got the most cash on the sideline since 9-11. Wow. So that much cash sitting on the sidelines means, that's a lot of cash out there to deploy. Oh, I thought you were gonna say that there's another 9-11 coming.

There could be. That much cash on the sidelines means. Another 9-11 is a little bit. George Bush is planning it again. Oh, bo-bo-bo-bo. Okay, and then, so that was bear markets that first stat, but since 1980 1980 there have been 24 corrections for the S&P remember a correction is 10 to 20% off highs currently where it 18% off the highs

22 out of those 24 times a year off the lows the S&P has been higher and up 23% on average so you know the odds are pretty good that, you know, a low could be in. Also, you've got global optimism. I don't know how the fuck that's measured, but it's at a major low. So. Some guy just has to walk around the world.

How are you doing? It's not good. How about you? You okay? It's not bad. How about you? I'm actually okay. I'm okay, this guy's right.

What about this guy? It sucks, I don't like it. And you? That's exactly right. It's a Bofa guy going around. No, B. I work for Bofa. I am from B of A.

How are you? I'm not good. Please get it away from me. I love this guy. I want to see a show, special with this guy. I'm a Bofa guy and I go around gauging global optimism. So how's it going right now? Well, not very good.

He's checking his watch. Some guy just sends up his tent. No, it's not good in here. From his tent? Yeah. Yeah. I should have imported it in my tent. There's no toilet.

I don't even have my sponge on a stick. They probably just ask rich people. Because if we click it, that's what all of it depends on, right? It's a survey of fun bandsters. Yes, survey. It's always rich people. It's about how scared they are of a global uprising.

But you look at this chart though, global growth optimism at New Record Loads. The chart goes all the way back to 1994. And he circles, Ryan Dietrich, the statistician guy, circles all the times that it hit major lows and inflection points. And I mean, you look at the one in July 2008, the global optimism, or I guess you could say pessimism at that point. Nice.

Really good. Thank you. It lasted a while. I mean, just because he's circling it there doesn't mean that it's an immediate bounce right back up And same thing with here. So we could be in for a prolonged period of just kind of sideways action So I'm always trying to get some sideways action if you know what I'm saying. He's talking about sex Nope. What are you talking about next slide? Well

Part of the the shit hitting the fan the defecation hitting the oscillation, if you will, is some of these retailers have reported earnings, target reported, and it dropped 25%, which is the most it has ever dropped since 1987. So I guess I shouldn't say it has ever dropped. It's the most it's dropped since 1987. Since 1987, were you alive in 1987? I was alive in October of 1987 when I popped out of my mom's tummy.

You're gonna break some Zoomers brain with 1987. Yeah, I was born right near like Black Friday or Black Monday. Black Monday I think it was. I think I was born October 29th, 1987. I was playing, don't steal my identity. I was playing Pickleball with identity. I was playing pickleball with They were like younger than me. They were probably like 27 or something and they were like what's 9-11? You'll turn Yeah, and I kick their ass now

They were someone made of reference and they were like yeah, no one understands what that means because we weren't born in 1989 and I said I was born in 1989 and they were like, no you weren't. And it was like, they had a fucking... When were they born? Like 95 or something? Oh, shut the fuck up. You don't get to say that unless you're born after 2000. Yeah, do you know the worst part?

Like my back kinda hurt. And but I was like, there's no way I'm losing these fucking games. And like we went round robin' and I played on each team and we never lost. And I was like, I felt so good. And then truly for the next week, I was like icing my back just in so much pain. You got to get a Thera gun. I really do.

But I got to get someone who can Thera gun me. Oh, you're going to come over. I'm your neighbor. Yeah, walk on. I don't want to throw a gun. But so, Target, I guess they've been facing unexpectedly high costs, driven by a bunch of shit, resulting in you guessed it, lower profitability. Their revenue was okay, but their margins were significantly diminished. Um, they cited the supply chain, transportation pressures, higher inflation.

Uh, they're inventories. Ben! Sorry, they're inventory. I just chugged the last of my coffee. Their inventories are really, really high though. And same with like Walmart, all these retailers have been prepping for it by loading up on inventories. Um, Walmart also reported and they lowered their full year forecast, saying that many have been prepping for it by loading up on inventories.

Walmart also reported and they lowered their full year forecast, saying that many of their consumers are changing their behaviors in the face of inflation. And then you had Dollar Tree. Dollar Tree also tanked 17%. So what does that tell us? Lower income consumers ain't doing so well, which is terrible for everybody. but it's kind of a Canary in the coal mine because now everybody's starting to talk about oh,

Obsession might be coming and blah blah blah blah blah. Blah blah blah. I will say that I found a little bit of comfort in the last part of this article where he said There's little for Wall Street and everyone else to do in the interim, except sweat it out. That powerlessness is what makes this moment so hellish, but try not to fret. The next market we meet will offer opportunities

for all kinds of investors. Unfortunately, in the meantime, we have to watch this market burn. Because a lot of people are like, what am I supposed to do? Hug your loved ones. Buy beans. Stock up on beans.

Man, I thought gas was gonna be going down. Yeah, I really, I'm, I could not find sub $6 gas yesterday. Wow, you could only find dom $6 gas, huh? Man, I'm gonna, whoop,, whoopie, whoopie. Coming over with that Theragon, brrr, take it, be it. Yeah, after the beating, I'm taking today, you're gonna have to come Theragon, I ask. Ha ha ha.

Uh, when I Theragon my own back, I lay on my stomach and I just kinda like, No, but my, dude, it's my whole fucking back. It's like, I'll tell you what, since I got it. It shouldn't have been born in 1989. Did you think about that? Since I got a new mattress, it's been so much better. Yeah. It's, it's, it's like a new, it's amazing. Wow. But I still want you to therapy me. Will you let me use your therapy? Yeah, you can borrow it if you want. No, well, you're gonna, not borrow it.

You're gonna be using it. Oh, yeah, sure. It's true. Uh. Sure. Let's skip the 13F filings. I know that I mentioned that. We got to talk about the guy, Muscle Fast. Elon Musk is just a giant. If you're still out there just being like, you're a big baby, you're a big baby, you won't shut up about Elon Musk. Well, I can't because he's fucking, he's the new Trump. We don't want to talk about him. We don't want to talk about him, but he's everywhere. We could choose not to talk about him. Yeah, but we, let's say this is the last time we talk about him for a long time. I hope he gets really ill in falls into us.

No, I do. I hope he slips into a coma. No. Yeah. Look at what, he'll come out worse than Jordan Peterson. I, I, I was fine until the coma now I'm weepy. I can't stop going on shows and weeping. He's untouchable.

He can do whatever he fucking wants. Not only is he so wealthy that he can just throw money at whatever finds, come his way or whatever litigation gets tossed his way, but because of SpaceX and America's reliance on SpaceX to maintain outer space superiority Over China and over Russia, they can't afford to lose Elon Musk and he knows it So now he can just do whatever the fuck he wants says whatever he wants. Oh, that's free speech. He could say whatever you want. But it is interesting that the Twitter board

said that they plan to enforce their merging agreement with him, aka if Elon Balks, he owes a billion dollars. Also, what happened to his best and final offer? That's what he said, best and final offer. And now he's like, oh, wait a second. Yeah, I don't know about that. Fucker. I think it's, I think he's just gaslighting everyone because it now seems a lot more expensive

because he was thinking it on his own investments and everything and those are worthless. No, it's because he didn't, he wasn't serious to begin with because he's just a child. He's just a stupid kid with ADD who's like, ah, shiny thing. Hey, you wanna hear an ADD joke? I got one. Sure, but if you have ADD, cover your ears. Yeah, cover your ears.

But also, look over there. How many kids with ADD does it take to screw in a light bulb? Hold on, let me think. One. You wanna go ride bikes? Nice. Where'd you see that? Where'd you hear it?

I don't know. Popsicles. Fucking popsicles, thick. Yeah, probably. Man, I'm so pissed right now. Why? Is that stupid joke? Yeah, that was a pretty good joke.

But so here's a little theory that I've got and I mentioned it to you yesterday. So in 2000, the dot com bubble, tell me, every major market crash over the last two decades, and that's how that happened. This is a trial that our minds had exclusive theory. Exclusive theory. Over the last two decades, the market crashes have had a poster child. 2001, the dot-com bubble we had, Enron, and we had World Cup. These major, untouchable companies

that just absolutely fell from grace and had major, major collapses wrought with corruption and fraud and all sorts of shit. Sure. 2008, you had Lehman Brothers, you had Bear Stearns. Sure. Major, not fraud, so much as just mismanaged funds and just huge collapses, right?

So if we are in fact headed for a prolonged pain period here in 2022 and into 23, who, if any, will be the poster child for this one. Oh, bomb, uh, bomb, uh, soda. Oh, bomb, uh, bomb, uh, well, that'sha-ha-ha. Soda! Bam-na. Oh, bam-na. Well, that's a, that's an inside joke if ever there was one.

But I think that there is a slight possibility that Elon Musk is gonna be the impetus. He's going down like Lehman Brothers. I think not like Lehman Brothers, but I think that there's something is gonna give and something's gonna catch up because something's gotta give. There is so much documented fuckery

in the filings at Tesla, and you've had so many people, so many high up like the CFO and the CMO and so many high level executives coming and going and I mean more than normal and so much financial it's way too much to delve into but there have been exhaustive investigations and questions asked about how they are. But the point is he's untouchable. Yeah.

But the financial engineer- But you're saying it's gonna come up, it's gonna catch up to him. I think that there's a possibility that it could, because I mean like he- Is it a thought, dude, we've- He's leveraged to the gills against his own Tesla shares. So what happens when the value of Tesla drops?

He's gonna have to pay up. Yeah. And that's gonna be getting him, having to, he's gonna have to pay up. Yeah. And that's gonna be getting him having to, he's gonna have to sell shares and then, you know, they become to feedback loop. Okay, but give the people the major theory. Well, that's the theory.

I know, but you backed off some things. You backed off some things. Something is gonna, I feel like. Your theory something's gonna happen. Something's gonna happen. And then, you know, he was tweeting about like, oh, they're gonna come for me. They're gonna start coming for me.

Oh, that is weird. The cryptic like, if something happens to me, like, you know who did it. Basically, he's preemptively, he's preemptively scurrying any and all responsibility for anything and it's all gonna be some conspiracy and it's all just, he's also, he's just trying to save humanity, man.

We might talk about it more in Afterars ours but he has changed his political party oh yeah from what to what well he said he used to always vote Democrat and now he's voting Republican Republican yeah Democrat and Republican yeah he's gonna save the world it does suck though that all, it does suck that's the space race is going to be, you know, these insane white. What? The space race. You know, I can ignore them when I understand them. Wow, why are you upset about that? Don't you want the space race to be? Because I was trying to say something. Sorry, go ahead. The space race. No, it's fine. Go back to your theory. That's not even a thing. What do you want? Northrop grumbling up there? That I can't even tell what the fuck it is. We we need it's either that or or Who else we got

That's what I'm saying it sucks. Yeah remember like cuz they are good at what they do space X the Er, oh, yeah the original space race It was like a government program. Yeah, we had Kennedy being like I It was like a government program. Yeah. We had Kennedy being like, I, yeah, I think we should go to the moon because the moon is moving. Do you know what he said?

What? We're not going to the moon because it's easy. We're going because it's hard. No, but he, he like, kind of, it's hard. It's hard. We do things not because they are easy, but because they are hard.

Hey, what happened to my head? No, that was way before. Oh, that was in Dallas. Yeah, that's right. Yeah, this was also in Texas. Yeah What do you need a book depository that big? You know The CIA was down there that I know you're gonna want to blow this wall up. I can barely see Folks we're getting the town is time to get down to that time. All right. We're gonna want to blow this wall up i can barely see uh... folks we're getting the down is time to get down to that time right we're gonna go after hours we're gonna watch elan talk about changing his uh...

party we're gonna talk about truth social a little bit we're talking about oh we've got some fun twitter employees stuff uh... we didn't even get to the uf o hearings the netflix layoffs freaking madison cauthorn george bush The Netflix layoffs freaking Madison, Cawthorn. George Bush! George Bush admitted to an illegal invasion of Iraq. Oh my guess, slip.

And we're gonna talk about two legends getting out of jail. So, who? Who got a jail? You'll have to subscribe to find out. You'll have to subscribe to find out. TMG Studios.tv likes subscribe. Also remember to like, comment, subscribe, go do those pants. Oh yeah, do you think?

Shit your pants, kill your job, quit your parents. Exactly. And join us in after hours. This week on After Hours. We should wrestle for the last five minutes. What do you think I should fight? I'm six three two hundred pounds, let me know. And then, ah! Six foot four. Wow. And a hundred ninety six, Who do you think I should fight? I'm six three two hundred pounds. Let me know and then

Six foot four Wow and a hundred ninety six. That sounds pretty evenly matched to me Sign up on TMG Studios.tv to watch the full bonus episode