The Trillionaire Mindset - 43: Betting Against Tesla

Episode Date: July 22, 2022

Become an exclusive member at https://tmgstudios.tv Biden has Covid..?! Ben’s great escape, what Emil would do to meet Errol Musk… and Ben’s big bet against Tesla. Don’t forget to check out the bonus episode, After Hours, to catch the story of what happened to Ben’s legendary Volvo! Sign-up at the link above! If you listen on Apple Podcasts, go to: https://apple.co/trillionaire Go to https://harrys.com/TRILL today to get your starter set for just $3 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/ Go to https://shopify.com/trill for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features 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.*

All right folks, we don't know where Ben is, so I'm being told to just go ahead and get started and he will hopefully he'll jump in when he's ready. God knows what that man is up to. I know he's a little bit bummed about some Tesla stuff he's going to tell us about, but I guess we'll just get started with the big news here is Joe Biden is COVID everybody. You know, here at the Trillionaire Mindset, we're wishing Joe a speedy recovery. Yeah, we hope Joe's got some good TV shows to watch in isolation right now.

I don't know what he's watching. Maybe he's catching up with stranger things. Oh, let's see, we're getting a phone call here. Who gets Ben? Ben, hello. Emil. Yeah, what's up? Hey, let's see, we're getting a phone call here. Who gets? Ben, hello? Meal. Yeah, what's up? Hey, it's Ben.

Hey, Ben, where are you, pal? I'm a little bit of a sticky, sticky, sticky, right? Why are you talking so quiet? Because I have to be quiet. I am, okay. You're not going to believe this, but I am in the closet. What closet?

In Joe Biden's White House bedroom. You're in Joe Biden's. House bedroom? You're in Joe Biden's? There's your... oh man! What? Ben! Sorry, I have to be really quiet. Joe Biden is like... He's just walking around with no bottoms on and it's really... Well, he's so... he's probably hot.

Yeah, I mean, it is really hot over here, but... Okay, so what are you doing in Joe Biden's bedroom? Okay, well, so you know how it is really hot over here, but I uh... Okay, so what are you doing in Joe Biden's bedroom? Okay, well, so you know how inflation is really fucked up right now and is really high. Yeah. Well, toilet paper is super expensive and you know how I like it. Sure, sure, sure. It's stuff for my Toshi.

Oh, I know. Well, it's like, it's more expensive than gas, so I thought, you know, if I use my miles to fly out to DC it's actually cheaper it's actually not a bad idea and the White House keeps the shit stocked I mean they've got like reserves just like strategic toilet paper reserves so I yeah I fell my head down yeah yeah and I found my way into Joe Biden's bedroom Jesus and I'm just filling up bags just as much as my arms can carry

and then the news comes out and they fucking usher him in here And now I'm stuck in the closet dude. I don't know what to do. Well you gotta get back here. We gotta show him back here My stomach's killing me. I got anxiety poops coming. I look all good. Don't worry about it. I'm gonna figure something out all right Okay, I think of something cuz I mean if he comes in here, I'm dead. He's gonna call the Okay, I can't believe he's just in there winning the pooing Hey Joe my friend yeah no it's corn pop how's it going? No no no I'm still kicking I heard the news. I heard you were doing a little too much fist bump and in handshake in there. I saw your radio. Yeah.

How you holding up? Yeah. Well, you know, I wanted to get, I got him, got him, got him playing. For over a Saturday, we had a hard time. Yeah, no, I know. I saw it, I was with MBS. I gave him a fist bump and gave him a big kiss on the cheek. People weren't happy about it. And it came back and it gave me a nose swab. I already got it. COVID-19,. I'm so happy. I'm so happy. I'm so happy.

I'm so happy. I'm so happy. I'm so happy. I'm so happy. I'm so happy. I'm so happy. I'm so happy. I'm so happy.

I'm so happy. I'm so happy. I'm so happy. I'm so happy. I'm so happy. I'm so happy. I'm so happy. I'm so happy.

I'm so happy. I'm so happy. I'm so happy. I'm so happy. I'm so happy. I'm I don't know, so don't give it to me. Do anything. She only gives me water and an electrolyte. I bet. And what are you craving, huh? Are you craving ice cream, Pat?

I love ice cream. Look, I got you something, but I'm going to need you to go down stairs and get it. I'm going to need you to go down. You're going to have to slide past security. All right, because there's a delivery coming. Five tubs, your favorite video. My toes, ice cream for me, Joe Biden. That's right, Pat. I'm a favorite video that's right pal that's right you are

yeah i love ice cream i love putting the ice cream in the cone i love it melt all of my hand i love when the ice cream melt see if you could put some pants on before you get out there but if not just go get the ice cream that's right you are

i'm gonna just go get the ice cream. That's right you are. I got go outside. Go get it pal. Don't worry about you. I'll take care of it. No love you, pal. I love you too, cornpap. PAPE PAPE PAPE Hello. It's fucking work, dude. Oh my god. Okay, what did you say? Oh, dude, just don't even worry about it.

Just get back here. Just get back here. He's leaving right now. I'm gonna be there as soon as I can. Alright. Okay, thanks. PAPE PAPE We'll share this for just getting camera this morning. Fuck it later! Just promise! Jesus, Ben, I can't believe it worked!

We've got him back everybody back from We got beltway bend over here. Wow that isn't the good stuff, too. I'll tell you what this is oh You see this My butt is so thrilled right now. This is how they keep Joe Biden's ass. So That was so close. He was knocking on the closet. I thought he was going to come in. I was scared. I've never talked to a president before. Yeah.

Yeah. Yeah. You've never committed a crime quite like that. No. Let me tell you. Insane. I tell you, did they, did they, uh,

reintroduce the Concord or something? You got back here and, um, don't worry about it. Is that what it was called? The Concord jet? Joe Biden has access to some crazy tech. Let old fart has no idea. I use it. And yeah, the important thing is that I got my three-ply. Three-ply. I actually, so yeah, I used my Delta miles to get out there.

The septic tank at the White House must be, Oh, it's overflowing. Yeah. It's a big problem. That's how security was so lacked. So that's how I got in. Because they were all digging up the septic tank. Yeah, well, yeah, they had,

the smell is so pungent. All right, I love it. We got you back, Paul. I was worried for a second. Yeah, it's good to be back. Do you find if I, man, I am out of breath. You're gonna pop that spin drift. I hope Joe Biden's okay. He's going to be real let down when he goes down there and sees that there's no ice cream

waiting for him. It'll be all right. Yeah. Come on. I'll restrain him. Come on. Come on. Hey, everybody. Hey, Glenn, you got a, hey, folks, you got to check the disclaimer in the description box. Isn't that good, folks? Man, you're making me want some water. I'm... You're getting some spin-pins. Pineapple. I'm contractually obligated to say it, but even if I wasn't, I'd still say it.

Yeah. Hey, I want to give a shout out to listener Danny. Whoa, whoa, we don't do shout out. We do. Danny had an eight hour spinal surgery. Oh, what? Yeah. He DMV a while ago and was like,

Hey, man, I got a spine surgery coming up. Wish me luck and I was like, good luck, dude. And he didn't ask for a shout out. No, we love that. Yeah, we love that. Anyway, subscribe to us on YouTube. We're getting closer to the kiss. We're getting close.

Are we? Are you gonna shave with a hairie's razor before you do see tickle my lips? Yeah, I'll shave. I'll shave for you, so Follow us on social media if you'd like we're on Instagram Twitter Tiktok I just realized I've because you sent me a video. I had to go on and um look at it I have 1400 followers on tiktok. I never go on there. Wow Keep following me though one of these days days I'm gonna drop a TikTok.

It's gonna blow our mind. When you subscribe on YouTube, there's a little bell you want to press that's gonna give you the notifications to alert you to when our new episodes drop. Which drop Fridays at 3 p.m. Pacific time? I don't know why people still haven't caught on. Oh my every week. Where's the episode? It comes at three p.m. Pacific time. I don't know why people still haven't caught on. Oh my every week.

Where's the episode? It comes at three times. Three times every week. Folks, you gotta get, you gotta, I don't know what you're telling. It'll be like 9 a.m. Why isn't the episode dropped yet? Yeah. It's never dropped before 3 p.m.

Also, a lot of things have to happen to get the episode out on time. Like we record this yesterday, Thursday. And... get the episode out on time. Like we record this yesterday, Thursday. And you guys are good. We record it and then it's gotta go straight up to our very talented, very hardworking team of editors. And they got it. They take out every time we've threatened a politician.

Yes, they have to. Every episode. They have to remove every time we've threatened a politician. Yes, they have to every episode They have to remove every time I've put my address in the show There's a lot of work that needs to be done and then it's got to get approved by everybody We all have to take turns saying I like this sign off Glenn has to view it Glenn has to give his very official approval, which consists of, I have no objections to this episode from a compliance perspective. Right. Something. And then, and only then, can it be... Which is the best you can get from Glenn.

Yeah. You know what I'll tell you what? I just got my physical. You got a physical? Yeah. What does that have to do with Glenn? Well, I'll tell you. Think of that body. Yeah, it's thinking about Ben's body.

No, Glenn's body. What did I say? And my butt, okay. Go on. He just gives you, like, I have no objections. He's not, like, great episode. Yeah. But I was like, oh man, I hope the doctor's like,

you're in really good shape. But he just writes you a little thing and says, all of your results are completely normal. It's like completely normal. You're not even gonna give me like a rating out of 10? Yeah, come on man. Yeah dude, tell me if I'm hot. How hot am I compared to your other patients?

Yeah, I was banking on this. Yeah, I bet you're in the 99th percentile. I doubt, I just completely normal. It's like, well what does that mean? Wait, is the 99th the better percentile or the one? 99. Oh okay, damn. I'm probably somewhere in the 20s, 22 better percentile or the one? 99. Oh, okay, damn. I'm probably somewhere in the 20s, 20th percentile.

Maybe for Ask Stuff, but for like, okay. Okay. That's all I got to ask him. I said, do you think I had a stroke last week and he was like, sounds like you just made a blender. A lot of people were concerned about you because you kept fumbling your words,

which is great because during the Kailap episode, I was fumbling my words. Right. So they were both like, are the boys okay? Yeah. Also, it was very surreal. Someone sent me a Reddit post from our subreddit, and it was just titled Is Amelok.

He's fine, folks. Also, go follow the, if you're a redditor, go on to a Reddit. It's TrillionaireMind's pod. Yeah, but don't be weird on there. Yeah, that's pretty weird. I was poking around. There was one where it was, they ran a poll.

Did you see this? No. A poll about if we were a married couple, a traditional male and female couple, who would be the woman in the relationship? Well, you have long hair, so. Well, do you know who won? Who?

Not one, I shouldn't say that. Excuse me, folks. Who got voted is the... You did. You're the woman. I'm the woman. That's fine. That's what they said. All right, that's fine. There. Oh, if Ben and I were a couple consisting of a man and a woman, who would be the woman in the relationship? So 159 of you who voted for me are dead to me. Wait, wait, if we are talking a traditional house, where I've been is the only option. I mean, it would be a loving husband, but his New York Italian blood wouldn't let him submit to Ben.

Yeah. This might be the hardest question I'll be asked all year. A meal would be the woman. He's much more rational than Ben. Ben has those spontaneous adventures that only a husband could have. Ha. This is my exact reason.

A meal is the anchor of the relationship but Ben brings a meal out of his rehearsal. When necessary, if you button. But. So, Ben is definitely a traditional husband. Thank you. And Amile is a graceful housewife. I mean, even the hair is down.

Okay. So yeah, if you guys want to go take part in conversations like that. Yeah. Join the thing. And, oh yeah, we'll talk about my car in after hours. So subscribe at TMGStudios.tv to support the show and to get access to bonus content like after hours.

Anyway, that's enough of that. Now that we got all of the shit chat out of the way. Do we think that that opening bit was good? Do you think that that was? Steve, don't do this, you always do this. I'm like, it was such a last minute thing. And like, I hope it wasn't missing anything. And I guess we'll see in post.

I guess we'll see when we review later. But you did this with, what was it? Do it with everything. With the Amazon thing, with Jeff Bezos. Yeah, Jeff Bezos. And everyone was like, it's great. It's so fun. Yeah, I do get it though.

We're doing this in a vacuum. We are performing things in that we're like, I hope this is funny, to silence. Yeah. Yeah. Yeah. Well, and also, because I was like kind of half-assing the Biden, because I'm thinking, of half-assing the Biden,

because I'm thinking, oh, Emil's just gonna record this later. Don't, yeah, don't let him see how the sausage is made. Yeah, I actually tell him that was Joe Biden. Yeah, that was really Joe Biden. Anyway, fucking. I actually tell him. Can you imagine which implies that Joe Biden has the ability to teleport? We do wish him the best

And if things go south we had joking Kamala. Yeah, you love you. God. What a mess that'll be she has to take over and she just saying those weird things It's okay. I am under control Of the clouds Kamala. Yes Good to know shout up I am under control of the comments. It's calm. Yes. This is calm on here. Good to know. Shout out. Shout out. Oh, you're trying to get in there?

Yeah. Shout out. Thanks. Say, do. Shout out. Do what? Do, don't come. Don't come.

I'm gonna go. Don't come. I'm gonna go. Don't, don't. Don't, Trump. The Donald Trump I'm gonna come. Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha to come are the funniest oh bam oh bam there do not come do not come I'm gonna come what is he always I'd like to see him shirtless everyone's talking about Elon's weird body Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha the biggest ribs. Oh yeah. You've ever seen in your life. And I mean, who knows, man. Those fucking billionaires, dude.

Maybe you got ribs at it. Yeah. I wanted to jump right into some trades that I made and I mean, I did some good trades this week, but I fucked up. It's all I've been hearing about. It's what? It's all I've been hearing about.

Yeah, I left about 10 grand on the table over Oh, no, sorry, excuse me like $7,000 from Monday to from Monday to Tuesday to Wednesday because So check this out. I'll lunch for a meal no lunch for a meal Monday. We had new Monday the market like was green and then it we had news about Apple's slowing hiring and slowing their growth spending and that alone seemed to be enough to take us from green to red by 2%.

We ended up down 2%. But here's what I did. At the close of Monday, I bought 10 of the spy, this is all gonna be fucking useless to people who don't understand, but I bought 10 spy call contracts. What does that mean? I need spy to go up. Spy is the S&P.

Okay. Yeah. I bought 10 of the call contracts. I just explained it, because we're not gonna do a whole big thing. Yeah, yeah, yeah, but. So, but this is a finance podcast. I bought 10 of the 385 strikes.

So, I need it to go to at least 385. By Wednesday, I bought the Wednesday expiration. Because my thinking was, all right, I noticed that on Monday, we had a double bottom, or we had a double bottom from Monday's low. I actually had a double bottom this weekend. I'll tell you better after your time. It's very good.

We held the 20-day simple moving average, which was starting to curve upward. So that tells me that short term, hey, we might have more of a sustained bounce, and the Monday drop was just kind of a fake out. So with the closed Monday, I bought 10 of the Wednesday expiration, 385 calls. And on Tuesday morning, I sold them immediately

for like three bucks. And I made like 1,200, 1,500 bucks. But then they went as high as $10. So I left like seven grand out there because spies shot all the way to $3.95. So those contracts that I bought for like a buck and change went all the way to $10. And I'm just fucking pissed off.

Pulled too early. What? You pulled too early. Yeah, I pulled too early. You shot your ward. And by the way, we're still, we're getting close on the discord, the chat room that I'm working on.

Jeez, just Christ. I know it's, Glenn's working very hard to help, cause there's all sorts of compliance hurdles that need to be leaped over. Leaped, leaped over. Anyway. Left. Left, I don't know.

Leaped. It's like lay, I laid down or I lie down, lay down, lie down. That one's tricky. That one sucks. Who cares? I'm gonna have to pull up my strunken white for that one. Str... You're what?

Strunken white. Is that a, is that a grammar guide? Yeah, the elements of style. Oh, yeah, the elements of style It's called Kanye West We're gonna cut that one I couldn't think of anyone else to fucking Jesus Christ. I'm sorry everybody. I have an eating breakfast Anywho spa the S&P does look a little constructive, but I I don't know it broke the 50 day moving average for the which is interesting it broke the 50 day so the 20 moving average is the 20

It's an indicator that shows the 20 previous sessions As a line and 20 is obviously more short term the medium term is the 50 day moving average, and that can kind of give you a bit more of an indication. So we're looking better. Intermediate direction. Yeah, because we broke above it for the first time since April 21st, which is big.

That's what, like, almost three months ago. That's exactly three months ago. That is exactly today for us, three months and one day for the listener Yesterday for the listener. I've got fucking Stockholm syndrome Hey, stock stock Because you get it like what this is a stock show stock home syndrome

Stock home syndrome. Anyway, there's, so here's one big thing you gotta keep in mind if you're an active trader or an investor, whatever. And we've talked about it on the show before that markets are forward looking. So it can be perplexing when you have like bad news, but the market goes up anyway. You gotta assume that that's already been priced in. Like, the markets, you have to assume that like roughly six months of shit is priced in and accounted for. Yeah, name one thing that's not fucking priced.

Yeah, name one. Anything that you're thinking like, damn, I think that the next inflation numbers are probably going to be even worse, I should buy puts. Like, hey, that's a sure, maybe, but you got to figure that it's been accounted for, right? Right. Right. So like the hundred basis points priced in. Sure.

I mean, the fact that it's been talked about, it's priced in. But so also, at the same time, you can't get complacent or assume that the worst is behind us. You still have earnings this quarter and the third quarter remains to be seen about the extent of the damage from all this inflation and margin compression and all that shit. So active traders out there, swing traders. What's your advice? Wait for confirmation to the upside or the downside. Wait for more constructive bottoms to be, you know, I'm waiting for a bottom joke from you.

I'm waiting. Oh, I was going to mind wasn't a joke. I had a little double bottom situation this week. What is a double bottom D P situation? I'll tell you. Okay. So the B of A fund manager survey for July and what that is, it's exactly what it sounds like. Bank of America does a survey of fund managers who are money managers.

And the survey for July shows incredibly high investor pessimism. Expectations for global growth and profits are at all time lows. Meanwhile, cash levels are the highest since 9-11, and stock allocation is the lowest since 2008. Explain that. What does cash levels have to do with that? It means that there's a ton of cash on the sidelines. And I don't mean when we talk about cash, of course, we're not talking about physical, like, pallets of cash. We're just talking about, like, money that isn't invested in anything, and it's just waiting to be put out there.

And when there's, so that's like a triple, that's a triple whammy right there. You've got super high and a required rupee, super high investor pessimism. So everybody's super pessimistic, global expectations for global growth in profits are at all time lows. So nobody has any like that's priced in, right?

It feels like it's priced in. And then yeah, the cash levels are the highest since 2001 and stock allocations are the lowest since 2008. So all that. So we're hitting some pretty cool benchmarks here. We're hitting some great positive benchmarks. But 9-11 and 2008, two famously great times in America. Why would happen in 9-11?

We were all just living high on the hog. Yeah, super high on the hog until that one fateful Tuesday morning. We had just, and then we were quite very low on the hog after that. Right. A, a, a fail son had just stolen an election. Yeah. By 500 and something votes. Something like that.

Yeah, that's why it's important to vote. Stage to coup down in Florida. Yeah. With his brother. So I was thinking, I actually got kind of freaked out that, um, it wouldn't surprise me because just our luck as millennials, we keep getting the shit into the stick, right? Housing, wages, inflation. Wait, by the way, did you see the article where they were trying to blame inflation on

millennials? No, but that doesn't surprise me. It's very funny. I think it was in CNBC. It was like, it was like actually, it's millennials fault. They're trying to buy stuff for the first time ever because now they have a little bit of money. Yeah, and these, we've been chastising them

for not having for so long, but now that they've got it, what do you gonna do? It seems like after years of shaming them for buying avocado toasts, we've finally got them to. The size of the, from CNBC, the size of the millennial generation is to blame for sky high inflation strategy. It says, oh, the size of the millennial generation is to blame for sky high inflation strategy says, oh, the size of the millennial generation, who gave birth to those millennials?

You fuckers. It's our fault, idiots. So anyway, it wouldn't surprise me if we actually had a painful just sideways market for years that doesn't actually go anywhere much like America, much like the stock market, I wanna say in the 70s. I wanna say from like 68 to 82 or something, the market just went sideways.

And in Japan, I think Japan had a similar kind of thing for years too, but yeah, I mean, for years, we had easy money policy, we had this like forever 0% rates and it was like the punch bowl just was plentiful and we had inflation under 2% for this whole time and now that that's all come to an end, it's like, well, what the fuck happens now? So I don't know. That sounds about right for millennials. Yeah, that would happen, right? It just kind of makes sense, doesn't it?

Yeah. Also, it doesn't matter. None of us are gonna retire. We'll all probably fucking be dead before then. Well, retiring is for suckers. Remember, that's how you die. Look at Charlie Munger. Right, I'm gonna be like Charlie Munger.

Just eatin' fucking candy. Eatin' sees candies, baby. We did see an interesting stat. What was this, me on the bank data? Wait, what? I just thought I would give you a chance to talk because I've been talkin' a lot. Well, you put all that stuff in there.

Well, no, you had the bank data showing US consumer financial health. All right, let's say. No, you put that in there. I put the New York Times article in. Despite all that, there's some bank data that, oh yeah, I did put that in. Yeah, why are you? I'm a steak. Oops.

So apparently US consumer financial health is holding up a mid rising inflation and that's from spanking up. And what's not holding up? Ben's remaining brain cell. Hey, it's in there, dude. It's in there. It is, it's like Spider-Man and Spider-Man too. Just, just, just, just,

just, just, holy God. He's trying to recall this week. Yeah. Uh, hold, hold buddy. Oops, I shouldn't do that. Yeah, so we still have good financial health. Us US consumers, according to the banks who we look at our shit Apparently stop looking at our shit right and that goes along with the article I had sent to you which is times that the vibe session

Yeah, it's we're still just in this fucking vibe session voters see a bad economy economy even if they're doing okay So just 10% of registered voters say the US economy is good or excellent according to New York Times. CNN polling, a remarkable degree of pessimism at a time when wages are rising and the unemployment rate is near 50 year low, but the rapidly rising cost of food gas and other essential. You know what? I wanted that. We eat so fast. Besides gas and maybe flight prices. Oh yeah. Have you felt inflation on like? Are you like, damn, those are that much now?

Okay, well that's a good question. And I don't mean to sound how this is gonna sound, but like when I buy groceries, I never pay attention to the price. That is gonna sound how you don't wanna sound. But it's only because two reasons. I know every week how much. My dad was a coupon freak.

I'm talking, it was like he was obsessive. He would physically, like his OCD, not only dictated that he had to get the best possible deals on absolutely everything, but he would actually sit down and cut them out, like perfectly, so that he had his perfect coupons and would go to Ralph's or Vaughn's or wherever and because he did both. But I hated that. And I just seeing that, I thought

I never want to live like that because that would be torch. I know that I would succumb to that immediately. If I even so much just start to think about saving money at the grocery store, it would be over. And I would be clipping coupons and I would be doing that same shit, which is fine and a noble cause like save money. Absolutely. It's free money, but it would it was so it was funny because he would end up just abusing the we had a wall of cereal. We had at any given moment, I'm not kidding, 60 boxes of cereal in our pantry. Sure.

My friends would come over and find it entertaining. They'd be, they'd go, can I see the like, can I see the cereal? It'd just be walls of it. In fact, one time he went so nuts, might add about so much general mill cereal that he made like a little tower of it on our kitchen counter and then made a sign

that said, our family loves General Mills cereal in hopes that he could like send it to them and get something. Just never. Even more General Mills or just some shit. So you said never gonna be me. I'm never gonna, that's never gonna be me. And also nowadays you just like, they have those club cards,

so you just kinda get all the same. Yeah, I put in my phone number and I get, yeah. There it is. One time my dad bought his so much cereal because it was on sale and sent this photo to General Mills, pathetic. Look at how deep the honey notaryotes go. Look at the girios.

Yeah, see that was, how do you even eat all that? Yeah, exactly. So that was the thing is, we had so much food go bad. Because there'd be so fucking much of it. And you're good and replied, Jesus Christ, what was the sale? I don't remember, man. It was probably like double coupons.

Did I ever tell you about the time that he got paid by the grocery store? There was, he exploited a loophole in Ralph's double coupons thing where you could, if you had two of the same coupon or whatever, you could double it up. He comes home this one night, just on a high. And he's, and me and my brothers are watching TV and he goes, Hey, boys, come here. I want you to see something. He like hauls in bag after bag after bag. It was like Gatorade Soup cereal.

Gatorade Soup. Gatorade comma soup cereal and also it wasn't shit. He puts it on and he goes, how much do you think I paid for all that? And it was, I was like, I don't know, 80 bucks. Because it looked like about 80 dollars with the groceries He goes no try again. I'm like, I don't know 30 dollars dad No, shows me their seat he goes she told me how much tell me how much it says it said like negative $11

And he's like they had to pay me $11. They couldn't believe it. They couldn't believe it the manager had to come out They couldn't believe it. They couldn't believe it. The manager had to come out. They couldn't believe it. How? Because of the double coupons, man. It was like shit was on sale and because of the coupons it ended up costing They had how is that even possible? Exactly. Well because of him and probably other freaks like him they had to Change the policy. Yeah, so he got paid this one time. That's freak shit. Yeah, one time, one time he was on a, I don't know what he was on. He bought like four carts full of groceries

and his receipt, we still have it somewhere. It was like four yards long and he just was, he came home like sweaty. And was like, boys, come on. Help me carry in the groceries. We're like, how did you, he just was, he came home like sweaty and was like, boys, come on, help me carry in the groceries. We're like, how did you? He's like, I had to have a couple people help me carry around. Well, he's dead now, he can't hurt those people anymore. I was born.

Remember to eat your chereos, everybody. For good health. So, that's why I don't hate to do that. Okay, so the answer is, you have no, are you like Bill Gates, where like if I ask you how much bananas you're like, I know how much it's like 19 cents at Trader Joe's. Yeah. And also because I'm not buying organic ones. I'm only spending like $30 at a time.

$30? Well yeah, I'm buying like fruits and I'm buying tuna and I'm buying bread. And what is tuna funny to you, dude? Just, I'd love to see you at the grocery store. Prater Joe's has great fruits and tuna. Great Joe's has really great tuna salad. It's slaps. I don't understand that. I don't know why I said no, tuna salad.

Oh, you buy it like pre-made? Yeah, it's so good. They're Jamaican jerk style plantain chips Combined with the tuna is so good So yeah on bread Yeah, I'll sometimes slap it on some toasted sourdough. Sometimes you're just eating it out of the fucking thing. Yeah, you dude I Like tuna. I need it with the plantain chips

You dude, I like tuna. I need it with the plantain chips. I'll pour the plantain chips like a cluster of them into the, a handful into the tuna salad thing and I just eat it with a fork. It's delicious. You do shut up. Oh shut up. You're doing like, bean boy. Look at, look at the state of your water jug.

And that thing hasn't been washed since, fucking Bill Clinton was president. And you're over here trying to lecture me about, uh, you want to know something? This will probably gross you out because you're kind of like, of course it'll gross me out. What? It wasn't even mine. I, oh yeah. Oh, where'd it. Yeah. Well, there you have it, folks. Sound off in the comments on who's gross. The man who doesn't wash his hair and got his water jug from the Lost in Fan at the gym or the humble, the humble man who enjoys

Trader Joe's, uh, to the salad with jerk style plantain chips. Delicious. You're doing plantain chips cereal with the tuna as the milk. Ha ha ha ha. Yeah, damn right, I am. It's delicious. So, no, you don't feel inflation.

Yeah, why do you feel it? No, but I was wondering. Oh, and, well, you said aside from gas. Yeah, the gas is, you know, killer, especially in California, but groceries, I don't, but I think it's because I don't eat meat. I think the meat is the thing that rose the quickest, and I'm just doing veggies and fruits and shit. Yeah, well, I forgot what I was gonna say about,

well, so yeah, I feel like we are representative of part of that survey of the people who, even though we're doing fine, and a lot of people think God are doing fine, I mean, how do you define fine? Cause they say in that thing, despite wage growth, wage growth being what, like 1% or what the good. Well, that's been wiped out by inflation anyway.

Yeah, kind of wage growth. But it is, so they're saying, but while voters are pessimistic about the overall economy, many say their own finances are still holding up relatively well. 43% of voters in the time, CNServe, they said their personal financial situation was good or excellent, even among those who said the national economy was poor.

And yet, you can have that position, but then still feel pessimistic about the economy. And part of... But the thing is, it's weird reading, because they kind of contradict themselves, right? They say people are feeling bad, but everything is fine, but then they can see, the Federal Reserve is trying to slow down the economy, you know, so Americans have good reason to be cautious. Wages aren't keeping up with rising prices. Housing market has already begun to cool. Consumer spending, adjust for inflation, fell in May. You know, credit card balances are growing into the link with C-RATO rising. So it is starting to happen. You're seeing,

you know, companies like Apple and Google cool off on hiring and investment so But it's also it's kind of like Kyla said and I think it was on Twitter that We're all kind of collectively making it happen by Talking about it relent like hey, this you know this recession is coming recessions coming and when everybody kind of Collectively manifests it We got manifests it, we got to think positive people, got to be more positive, right? A little positive thinking will get people to know. They were talking about how economists do think that like the negative thinking could

affect it. It won't actually be the thing that throws us into a recession, but they say it could simplify or prolong an already bad situation in the original cases. So just buy Bitcoin. That's not financed advice on being facetious. Cause Bitcoin solves it. I wish Bitcoin would solve my hemorrhoids. What's going on?

No, don't tell me. It's fine, it's just, I don't know. Can't you just live with hemorrhoids? Yeah, sure, you can live with anything. You can live with lots of things. I know, but was yours that problem? No, it's not that bad. It's really not I'm fine everyone. Are you just a complainer? No but Sometimes

No, I learned not to complain very much when I went on a camping trip with my dad's friend Gary When I was a kid and all you can count he talks like steves on he goes, Ben Khan, he talks like Steve's on, he goes, Ben Khan, you complain a lot. Oh, man. Okay, wow, I should shut the fuck up. That's so funny. I was like 11 or something. He's great, I love that guy. Boy.

Ben Khan, you complain a lot. Oh, the last one was just, we talked about it a long time ago. Remember all the headlines about the great resignation and everything? Yeah. One of the headlines about the great resignation and everything? Yeah. One of the publications that was putting out stories about it was insider.

And they were kind of doing it like, it was this fun story. The great resignation is happening. People are leaving their jobs, and workers have power for the first time ever. And they're leaving for better positions and more benefits. And I just love this headline. We were wrong about the great resignation. Workers are still powerless in the room. Loming recession will make it worse.

Cool. Very good. So at least they owned up to it. 26% of 628 job switchers that jobless surveyed in June said they regret quitting their last job and 42% said their new roles have not lived up to their expectations. Yeah, quitting, very freeing, but then you face

the stark reality that wow, finding a job is actually pretty tough. Well, a lot of people are also worried about now with this coming recession and people saying, you know, they're gonna be layoffs in everything that they might be the first on the chopping block because they're the newest at the company, you know. Yeah.

And when you've got the, the, the wealthiest tech companies like Apple, like Google, just, Google just announced us a, a, hiring's pause for two weeks. You know, that's, uh, cause we're concerned if the big boys are setting the standard, setting the bar, you know, big boys, big boys, big boys. So speaking of big boys, earnings are, earning season is among us. And as we've talked about, input costs are higher. Demand destruction and margin compression is pretty much expected at this point.

And analyst projections are having to adjust forecasts lower. And cherry on top, the weighted average cost of capital is higher. So everything, it's this conflation of bad shit that's making earning season extra dangerous. And kicking, because like everything that can go wrong may go wrong. Everything's more expensive, margins are coming down,

and analyst projections haven't yet caught up with all of that. And when analysts have to come down and come out and downgrade stocks, you know, that's when you start to see some suffering. But so far, it's not that terrible. I haven't really seen anything that's stood out to me. I mean Well first Netflix Subscriber count in Canada and US dropped by 1.3 million over the last three months But they're predicting that they're gonna grow again. This was funny because it's like why not just always fucking predict

Growth no just like to grow again. This was funny because it's like why not just always fucking predict growth. No, just like predict incorrectly because everyone's like, no, it's good news. They lost 1.3 million. Yeah, because it wasn't it's too. Yeah, it wasn't it's like everyone's like nice work. Yeah. So I actually I had some Netflix call options that I traded and I sold them before earnings and call options that I traded and I sold them before earnings and this is a nice little profit for me which will have undone or and I did okay so fucking Tesla okay so I'm not gonna rage but I'm very mad um He's not raging. This is not raging. He's smiling. He's happy. Fuckin' fuck. Those are happy fucking.

Musk, he's a future. He's gonna save humanity. He's happy. Fucking great. I love Elon Musk. He's the best. Electric vehicles. Hyperloop. He's gonna send us to fucking Mars. Nurelink. He's gonna send us to Mars, dude. He's SpaceX.

Don't go in here. Are you alright? Hey. Whoa, I blacked out there for a second. Yeah, you know, you were being happy. It was all good. I was. Yeah, people. Okay, that's good.

Okay. So, yeah, Tesla, I was thinking being happy. It was all good. I was. Okay. That's good. Okay. So yeah, Tesla, I was, I was thinking that it was going to drop after. I know you wouldn't, you wouldn't stop telling me. Yeah. I had some puts on there. Fortunately, I had puts and I sold them. I think you might have said it on the show. Yeah. I've looked them a couple times for a nice little profit. And then I actually went long. I bought some call options and I sold those. But then I took some more positions out. I think all told I probably lost a couple grand I really couldn't tell you because it's been over the span of a couple weeks

But I'm assuming it was a couple grand But it annoys me to know in because once again through like financial Wizardry they post that they're a cash flow positive But it was due to them Selling 936 million dollars worth of Bitcoin and 344 at a loss no less A lot of people leave that out. Yeah, and 344 million dollars of regulatory credits, which made them cash positive And it's just it's mind blowing that

and as of right now the stock's rallying uh Luke What's it at can you just google Tsl a and see I'm guessing it's at 810 812 fuck God damn that makes me just fucking Insanely furious because I had bought some one of the call options that I bought was the 750 strike And I sold it for like I I don't know, 17 bucks, and now it would be worth. So I would have probably made money on this entire ordeal. I just, it's just so fucking annoying.

I just, I'm so tired of, I just, I wish the worst for Elon Musk. I do, I truly do. However you wanna think that, however you wanna interpret it. No, come on. I wish the worst for that man. I just, I'm do. However you wanna think that, however you wanna interpret it. No, come on. I wish the worst for that man. I just, I'm so sick of that dude.

And yeah, I don't care, I'm bitter. So you're better? I'm bitter. Oh. I'm bitter. We don't wish him harm. Unless that harm is like, did you see the art? I think it was from business inside of the,

it was like, he could end up in jail because of the Twitter stuff. Never gonna happen. And I know, but if fuck, what was the other one? It was two things. You'd end up jail because of the Twitter things and he could, I forget. But if it's that kind of stuff, yeah, that'd be funny.

Did you see what Elon's dad, but like, what will happen? Whatever. Nothing, that man will never have to face consequences about anything ever, ever, ever, ever, ever for the rest of his life. He has enough money to fight off any potential litigation, even like a world record lawsuit would be, he's, he's, he's untouchable.

A man can dream good for him We wish nothing I think he's a sick person and this you know We're we're talking about the story about his dad. It's like tell us about the story about his dad Well, everyone saw he had Another child with his stepdaughter totally normal a normal thing to do. Yeah, Aero must. He's just, he also follows the Elon theory about population and how it's our duty to have children with as many people as possible, even if that includes your stepdaughter. But now he is ready to donate sperm to high class women.

Why not? He says. There is a company in Columbia who is, they have high class women in all over South America ready to go to produce more Elons. That's because everyone's like, we need more Elons to solve all of our. Wait, look at how they were burdened in this new post. The lusty patriarch says his seed is currently coveted by a company. It's the New York Post. They're just, wait, there's one where he says, uh,

they say, quote, why go to Elon when they can go to the actual person who created Elon? Look at Errol Musk. What? What's wrong? What's wrong with saying that? What? I can't have sex with my stepk. What? What's wrong? What's wrong with saying that? What? I can't have sex with my stepdaughter. What? What? You saying this wrong? Whoa. So too bad. Wait. Oh, the unnamed company proposed a variety of other perks for Errol's jerks. What are the other perks? You got a fucking model S.

They've offered me first class travel, five star hotel accommodation and all that sort of stuff. The wealthy South African engineer, Greg. God, oh man. I have about, oh this guy, he might be worse than Elon. I have about six people, women, who claim that their child is my child right now. Obviously they're opportunitous, but there was a pure, this is insane,

but there was a period in Johannesburg in the 80s that I was going out with a different woman every night. I had plenty of dates, so it's quite conceivable that one of them could actually come back and say, this is your child, it's possible. You have to do it in Errol Musk. It's possible. I don't know what he sounds like.

There are people all over the world who claim I have to follow up on the discount. That's not even South African. You know, Elon's my son, he's fucked up looking, but look at him, he's billion there. You're doing like no-ho Hank. Yeah, I am, you're right, from Barry. Yeah, so I'm trying to get a hold of one of his loads,

and I'm gonna put it in my ass and see what it does. Maybe I can fart out a fucking Elon. You know the turd that would, the, the, the, the cummy turd that comes out wouldn't be too far off from Elon Musk. Let me tell you. Yeah. I should put some in my ass and see if it fixes my hemorrhoid.

It probably good. Errol Musk, please mail us some of your cum. Sir. Yeah, honestly. We'll fly you out here in Economy Plus. Yeah. That's all we can do. Yeah. We'll take you to lunch. We'll raise you. Ben in Economy Plus. Yeah, that's all we can... Yeah, we'll take you to lunch.

Um, we'll... Ben will buy lunch. Yeah, I'll buy lunch and we'll see what happens. We'll tell you, it's cool that you had sex with your step-top. Yeah. Now, fill me up, Arrow. He should... Enough, a nuff-chitchat.

That come is just, if you put it under a microscope, it's just the head of all those sperm cells, just his dumb little head. We're not even gonna, we're not even gonna take him out to lunch, we're gonna take him to Ben's and make him a little plantain cereal with a, with a tiny fish.

Sally, Errol, shut up, you're gonna love this. Just shut up. It's a little unconventional, though. Emil, start working on it. Oh man. Oh, we got it. We got We got you know one of the other earnings things we got to just send a huge shout out huge Congratulations. Oh to Halibur on their 41% rise in Q2 profits over a Q1 just Confetti all that shit. We love to see a winner keep winning. We love congrats to Dick Cheney. I mean what else can be said? The high price of oil,

it ain't hurting the people who can't afford it. Nope. Like Haliburton. They're just still making money, still making profits. You know, we talked about the strong dollar and implications and we're seeing it a little bit. So Johnson and Johnson got hit. Their international sales were lower because of the strong dollar, because once again, as a reminder, it's more expensive internationally

to buy American products, because dollar do be strong. IBM warned that they're gonna get about a three and a half billion dollar hit from it and other companies that have strong international presences like Microsoft and Salesforce are gonna temper expectations as well. That's exciting.

I just keep thinking about, Errol Musk fucking me. You know he wouldn't have to fuck you. You could just... No, I want to do it right, Errol. I want to make sure it takes. Oh, Jesus, man. Do you think he talks to his dad? No, they don't.

They don't? They haven't talked to years. But, Jay, I wonder if it's because they're exactly the same person. Apparently, he was pretty mortified the first time the story broke about the first kid with the stepdaughter. Elon was? Yeah. I doubt it.

I bet he thought it was hot. I wish I had a stepdaughter. I mean, he honestly could be that guy. Doesn't he have like a robot dick or something? What? Somebody say that Elon Musk has like a robot penis. He's got like implants because he's a weird sex dude. I have no idea.

Google Elon robot penis. Just trust me. I can't, I'm an image. I'm an image shirt. You like it? Someone said that he's got like some weird implant. No, don't, I mean, I was kidding, but yeah, I don't think that's real.

Ah, Jesus. I mean, that's what he should be building. I want to live in the universe where... Go ahead. It's too awful to say. I just want to say awful things. Are you okay? What are you doing?

You burping over there? What are you doing in person to me? What's the universe? I say it. I don't know. It's just a universe where I I'm grimes and you getting filled up and I get filled up by you I don't know man. Just I'm just tired of this one. I'm just tired of this. Oh, yeah, that one's so tired of it dude

every day it's just What did the richest man in the world say and he's just the cringiest? the world say and he's just the cringiest idiot douchebag just just just shut the fuck up, man. Well, what do you say? And he has been shutting the fuck up. So I guess I got to give him that. But what do you say we talk about a little bit of good news. Yeah, let's talk about it. We'll do Nancy Pelosi. Oh, great news.

We got another, if we could get the confetti out because we got another winner, I guess I should say Paul Pelosi, it's very important, it's not Nancy. No, no, no, no, they're totally separate. If you look at the trades, it clearly says S-P next to the trades for spouse. Yeah. It's Paul Pelosi. That's an important distinction.

She has nothing to do with it. Nothing to do with it. Her net worth rose what 5x from 20 million to a hundred million over the course of her tenure is Because of all's Mart husband Oh the husband of how speaker Nancy Pelosi just bought as much as five million dollars worth of stock in software and Computer chip company NVIDIA in video in video so what why would you do that was there some big news coming out was

there some kind of their had to be in some kind of the stock purchase comes as the senators expected to meet this week to discuss a bipartisan build a boost semiconductor manufacturing in the country the bill aims to provide grants tax credits and other incentives for companies to manufacture semiconductors and fifty50 billion of subsidies that they're trying to do to entice people to, or manufacturers to manufacture here. Which is like just, it's just so funny and fucked up and frustrating that our country outsourced everything in the name of better profits. And at the cost of poor working class communities. And then famously injected those communities

with drugs in the 70s and 80s. What is that I have to do with that? That's just getting rid of like manufacturing, outsourcing, off-shoring, all this manufacturing, and then leaving those communities just decimated. But now they're bringing it back and profiting off it, so it's good. Yeah, you're right, actually. factoring and then leaving those communities just decimated. But now they're bringing it back and profiting off it, so it's good. Yeah, you're right, actually. What was I thinking?

And think about it, you know, I mean, those private prisons, they got to be filled up somehow and what better way to fill them up than with people who drug-addled broken communities. I want these prisons as full as my ass after a night with Arrow Musk. Look here Nancy. I want these prisons overflowing. Oh God don't the way I want I want to push the doors together to keep all the prisoners in if you know what I'm saying Nancy Make sure none of it gets out Anyway, you need some toilet paper not yet wait till we get ares on economy plus here ares aero aero aero

Oh my god ares is what I'm gonna name him. Uh, and then uh, well so Senator Holly who's a world-class piece of shit did something that you know you hate to see it, but you love to see it. He's calling for the Senate hearing on. Yeah, but can I can I tell you what banning well wait he's he's calling for a Senate hearing on banning lawmakers from trading stocks and he mentioned specifically Paul Pelosi's recent purchase of NVIDIA. So it feels like the music is coming to an end here. It feels like the, the turd to use another poop analogy, the turd is circling the, the shower drain.

I don't think so at all. You didn't even notice that I made it. I did. It's like, is it a reference to the whole waffle stomping thing? Yeah, yeah, yeah. But we got to play the clip of Nancy Pelosi being asked, sure, play it. And then I'll tell you about you have it. I message it to the thing.

Trail talking points. Because it's a so so I mean, it's just funny. Of course, like what when was this? This was just like today. So reporter reporter asks Nancy Pelosi, has your husband just watched it? Well, yeah, but I want to, okay, go. We're gonna, we gotta get to the bottom of this. So why don't we just go straight to the source? Yeah, if we want to know, we should just ask Nancy. One more question. What do you think? Well, also such an incredulous. No, no

No way yeah, no, but I I don't think I don't think this is the end of the line. I think It seems like such an easy thing to come out against because There's no way anyone will actually do anything so you can be the one guy who's like I'm pissed about this And I'm with you guys I'm calling a hearing and then they're like, all right, we're gonna vote on this and everyone's like, wait You want us to vote to not be able to enrich ourselves? They're like, no Yeah, how about while you're at it tack on an age limit and

term limits so I'm not hopeful that Josh Hawley is gonna. Yeah. I think he's to caught up another shit. Yeah. Shit sucks in America, right folks? So there actually is for the first time in a long time, there's a lot of people moving abroad. They're buying property. What broad? We talking in Italian broad, German broad. Who's this broad? Are you like, does Errol Musk know about this, bro? Cause Ben Dice Clay. Hey, Emiles Aes is so full of Errol Musk's come over here.

It's dripping on, it's dripping on the floor. Sorry, I have nothing in my stomach. Where are those bars that we bought on the way here? They're in the fridge. They're refrigerated? Fucking God. It's a special, that must be an expensive candy bar. Now that's some inflation that I'm gonna feel.

Folks. Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha I Are you okay? Let's do crypto corner before we get Oh, yeah, in other news the European Central Bank raised that we're doing crypto They raise their rates today yesterday for you 50 basis points to zero Yes, they're ready for you Anyway, crypto corner We haven't done crypto corner a while the story's been eaten as a I'm making money on my Bitcoin I'm up Untold wait let's look it up tens of dollars. You are right now. I'm up yesterday. I bet it's you were 23,620

Damn You're not making money on that. Yeah, so technically I don't know what I'm at But the point is that when it hits a million. I'm gonna have a million Don't know you'll have 900. I'll have one Bitcoin No, but I'll have one Bitcoin Because if you have one Bitcoin it means you have one of them Right and but stupid fucking Elon Musk dipshit asshole But he held on onto his doge.

Oh yeah, so when they mentioned that they sold like 75% of their Bitcoin on the conference call, it immediately tanked Bitcoin by like 1% or something like that. And that. It's not because I don't believe in Bitcoin or its mission. Or its mission. It's just, we need to do some numbers. Oops.

Oh, did I say that out loud? Oh, that was epic. Oh, oh, oh, oh, oh, oh. Any fucking sold it for, did he lose like 600 grand? Hey, yeah, I don't know what they did. But he said, oh, 600 million. And then just to keep dangling the fucking thing

over the crypto dorks, he said, we may buy back in, I don't know Bitcoin 100,000. Bitcoin 100 million. That's all I have to say. 100 million. 100 million. Bitcoin 100 million. I'm pissed because I was going to buy some Ethereum at like 1100 and then before I knew it it was back up to 1500. Stupid. Stupid idiot. Buy one Ethereum one Bitcoin. Yeah I know while I wanted to buy one is I wanted by a couple of theorems

You're gonna buy a couple are you gonna buy as much a theorem as you bought Bitcoin coin? I don't know maybe I don't know. I don't have that kind of capital loose. I Mean I yeah anyway the we got a talk about three arrows. Yeah three arrows tell Tell us about three arrows. Alright, so they got kind of fucked in the... Arrow musk style? A meal style when Arrow musk is in down. Yeah. I My boys made so many jokes about getting fucking wheelbarrowed by Elon Musk's shitty creepy dad And I'm just so full on tuna and plantain chips.

Tuna plantain chips and arrow musks. Dusty as seed. Oh, fuck. So three arrows capital. They ran into a little bit of trouble. They're gone through bankruptcy proceedings. This all started to fall apart during the whole lunatorate stuff we were talking about. Matters appear to have gone wrong in April or May 2022 when three arrow capitals were reported to have spent between $200 to $600 million to purchase Luna.

The investment occurred in an opportune time. Yeah, no kidding. Did they buy it on the way down? Does it support it? They must have. In early May, the algorithmic stablecoin area used to begin to wobble from its dollar peg, suggesting that its parent company, the South Korea-based Terraform Labs in Luna,

a campaign in cryptocurrency coin, were running out of funds. By May 12th, the price of Luna, you guys know what happened. Yeah. They had all kinds of loans out. They couldn't make the calls on. People came knocking and these guys are nowhere to be found. Yeah, which is amazing. So they are a crypto hedge fund. Kyle Davies, and sorry if I say

that's wrong, Zoo, Siu, the founders of three years capital are nowhere to be found, but the size of their firms, gargantuan debt obligations have come into clear review. The crypto hedge fund owes three and a half billion dollars to 27 different companies. Well, at least it's to companies and not individuals. To me, I say good for them. And I hope that they abscond together on the, cause didn't they buy a yacht? Oh, yeah. This is the coolest part.

In addition to ignoring any attempts by the company's creditors to reach out to the company, Zhu and Kyle Davies had also reportedly made a down payment on a $50 million yacht. Well, if you're going to have to fucking run away from the government, you gotta do it in style, baby. I hope that their yacht has one of those corky rich guy pun names for their yacht. Can't be found or something like that. Oh, yeah, yeah, yeah. Yeah.

Like to the moon with the... Tax evasion. Yeah, yeah, yeah. Literally just called, yeah. Fuck you. I was actually up in Maine in this beach town. And it was a beach house and had a it had a sign on the front. And it said, and it was right on the water. And it said, someday finally happened. Damn, that's nice. I know, right? You love that.

You love to see that. And then his, him and his wife finally did it. Yeah. The final thing that we want to talk about, and we're going to have to bleed over into after I was with this. So if you're going to want to get this sweet, sweet content, you got to go over to tibgstudios.tv. Go ahead, side up for the Trillietar Bedset $6 tier or the $10 all-inclusive TMG Studios tier. And you can get all that content.

We're going to be talking about my double bottom weekend. My dying car. Ben's dying car. Yeah. We're going to be talking about Boris Johnson. Oh, uh, crypto corner is going to continue in there. We're going to be talking about the line bar. We're going to be going to give you guys, uh, just a, because we wanted to riff on, um, the glory days of Napster and Limewire and all that shit. Because we were in it. We lived through it. Yeah, we got grandpa style coming up for you.

Errol Musk style. My 9-11 was Napster shutting down. No, my 9-11 was 9-11. My 9-11 was 9-11. Right, so for sure. I retract that. My 9-11 was 9-11, but Napster shutting down was actually pretty big for me too.

That was tower seven. My tower 7 was actually also tower 7. But my, my, my, my invasion of Iraq was Napster shutting down. Mine was kind of the invasion of Iraq. Yeah, mine too. Okay, how about, let's go an earlier one. My attempted assassination of Ronald Reagan or the first, the first, the 94 bombing of it 96 or 94 bombing of the World Trade Center. But that was mine too.

Well, no, but you were a child. I always remember. This is just another way of saying never forget. Yep. Do you ever hear that fucking joke? Knock, knock. Yeah, who's there? 9 11 9 11 who I thought you said you'd never forget. Yeah. Yeah. Okay. All right. Well, that's that wrap up. Uh, what what do you want? What what? I don't think I said no, but you were going to yeah, but then you look like you were about to say something to the people Joe hang in there pal. Yeah hang in there and Kamala is just over him like Kamala. It's Kamala. What did I say? You said Kamala. All right. Just think Kamala. Exclamation.

Semiko. That's insensitive. And she's just And she's just Shut up shut up. What can you can you say it into the king shut up? Can't hear not you. I said dragon. That's my mouth shut up. Yeah. All right. All right. We're out This week on after hours leave my man alone Being or someone wet does that include feet face fucking Tesla bullshit mother fuck suck my dogs dick I'm not kidding suck my dogs dick Sign up on TMG Studios.tv to watch the full bonus episode