The Trillionaire Mindset - 60: FTX’s Bahamas Sex House

Episode Date: November 18, 2022

Become an exclusive member at https://tmgstudios.tv to get access to ad-free and bonus episodes The SBF drama never ends. FTX is in shambles (hello polycule), an update on Jeffy Kisses next big thing, and the unveiling of YouTube Shorts Shopping. Find out what Ben and Emil’s big business ideas are for the social media marketplace! Cancel your unnecessary subscriptions right now at https://rocketmoney.com/trill This podcast is sponsored by BetterHelp. Visit https://betterhelp.com/trill today to get 10% off your first month If you listen on Apple Podcasts, go to: https://apple.co/trillionaire 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 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.*

Bienvenidos a trononero mindset con Emil de Rosa y Ben Camin Khan. Ben Hamin. Oi, en el episod de trononero mindset. Lerla disclaimer. There you go, you said it. Yeah, oh yeah, check that, mind as well, just get it out of the way. Check the disclaimer, Steve Celetz. It's in the description box.

Yabish. Hey Emil, I got what? No, no, actually, Steve Celetz. It's in the description box. Yabish. Hey, Emil, I got it. What, no, no, actually, please, man. I have a question for you. Earlier before we recorded ads, you said, excuse me. Yeah, before I didn't say it. No, no, you said, hey, I gotta run to the bathroom real fast.

No, I'll be right back. Wouldn't say that. And I was checking and it took you about, I don't know, anywhere from five to eight minutes. And the last I remember, when one goes pee, it, you know, it can take 90 seconds, two minutes. Sure. What were you doing in there?

Along pee. And then, are you sure? And then my accountant called. No, really? At this early in the morning, huh? Yeah. What did your accountant have to say? His tax season is over. No, he said I'm in trouble? Yeah. What did your accountant have to say? His text season is over.

No, he said I'm in trouble. Yeah. What's going on? It's just always bad with, I got a big spending problem and I'm fucked. Oh, well, I guess that explains everything. Because I thought that you were pooping. No.

No, you weren't. Couldn't be me. You don't do that here at the studio, do you? I actually don't do it. No, just not at all. Nope. Yeah. I got a buddy who doesn't poop. What's real? He do you? I actually don't do it. No, just not at all. Nope. Yeah. I got a buddy who doesn't poop.

For real, he's got a colostomy back. Oh. That's not my situation. No, you don't have one. Yeah. Sorry to put you on the spot like that. No, it's okay. It's just that me and the entire crew

were like, what's taking a meal so long? And then I said, it's probably, it's probably, it's probably his accountant, or he's committing sin. No, no, no. Yeah. No, sorry buddy. That's okay.

I was gonna say, I think we have a new viewer. One new viewer? One new viewer. Who? So my landlord calls me. Oh no. Wait, are you serious? Yeah, and he was like,

I, at first when I saw it, I was like, oh man, did I forget to pay rent in Japan? And then, but, I don't know, apparently there was like a gas leak or something, but he was like, I couldn't find your number. He's like, I don't know how I lost it, but so I just started Googling you and all of that. Oh, no.

Oh, wow. Yeah. And then he was like, and all I was getting was your show and your social medias and I was like shit and how far did you scroll? Yeah. How is your land? So your landlord is a younger guy right? It's probably in his like 40s. Okay, younger guy. Relative. Yeah. So some of our audience are gonna be like, that's fucking, oh, that's my dad's age. Let's say he might have seen some,

I was like checking my Twitter to be like, what's the last thing? What, I don't I mean, I don't think it was anything too bad, but Maybe he follows now. Yeah Steve the compliance guy the Steve's lots know He has access to my my Twitter and including and especially my DMs and There have been moments where I'm like wait did I DM anything Weird or dumb or questionable in any way, but then I just go, who cares? He's not looking. I mean, he is, but he doesn't give a shit. Would you give a shit about some random idiots, DMs if you had access to him?

No. Kind of. Like, looking through him now, I'm like, I guess I wish my landlord didn't see me right. A lot of guys are making fun of Alex Jones' self-lements business, but me, I'm so depressed I can't come. Okay. Okay. Okay. Okay.

Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay.

Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay.

Okay. Okay. Okay. Okay. Okay. And one of the side effects is apparently the inability to come Now I'm like Donald Trump mode. I'm gonna come Well the back of the beat man when I get done with you. I don't need much. Don't be up, bro. Be quick, solve this. Be quick, 100,000! Ha ha ha ha! Man, my Spanish sucks. God, Lee, it used to be so good.

It used to be so good. Are you going to a Spanish-speaking country? Anytime soon? Yeah. No, but I could. I mean, I've got the world at my fingertips. I've got all these fucking miles burning a hole in my pocket. Did you see the Dave Portinoid thing with his MX point?

A couple people sent it to me. So if you have an American Express card, there are certain payment terminals like at CVS where when you pay with your American Express card, it'll say pay cash or with your points and then it shows your point balance. The dude has 44 million MX points. That's pretty sick. That's... That's insane. The point balance, the dude has 44 million MX points.

That's pretty sick. That's, that's insane. That's why I was upset at Noel. I'm like, man, you gotta be, what are you doing? You gotta be paying for shit with something that earns points. Right. Because otherwise you're just pissing it away. Could be earning the Boku bucks.

Are you doing Duolingo? No, shit, are you? Maybe. Are you being secretive? No, sometimes I like started and then I stop it. But have you been watching White Lotus? No. Does a character use Duolingo in White Lotus?

No, but there's this Italian woman I'm in love with. And so I'm like, maybe I gotta do Duolingo. Lichy. I don't know, I forget her name. In Italian, woman on the show. In Actress? Mm-hmm. Is she like a woman? Yeah, well yeah, but she play one of the moms or something.

She plays a prostitute. A sex worker, excuse you. They call her a prostitute. No, that's not right though. Okay, she plays a Sicilian sex worker. Okay. Thank you and As soon as I get my Italian up You're gonna go over there Who knows where I'll go and look around?

Mikiamo Emil I took one day of Italian and that's a good start for me. I dropped it in high school because I was like, this is fucking stupid. What am I gonna do? Meet a Sicilian sex worker? Yeah. Who knows? Well.

Oh, surprise. She kind of looks like Dewelepa. Duh. All right, everyone relax. Damn, let's see another photo. For the audio listener, it's a woman who kind of looks like Dewelepa. And she's, is that a still from the show. Yeah. Yeah. Oh cool. Can we can I see another?

Wow, she is what is her name pretty Margarita pizza This is why you can't come this way you can't come around. Oh great job. Hey, Zach. Could you find smaller pictures? Yeah, it's Google. It's yeah, Yeah, yeah, Google. What is it? Give me your time. You can use a Google. Give me your name. Give me your name. I'm gonna look at her Instagram. Wow. Yeah, she's very pretty. Damn Beatrice Beatrice pizza. So you said that's what I heard. Hold on hold on my Rita hmm.

Is that a banana tattoo she has on her wrist fuck I forgot to eat my banana fuck Where did I leave it? I? Brought a banana everybody and I don't why can't we find this woman's name man? This is such a listen. I'm trying man for for that guy He's just waiting to until we shut up so he can go the finance talk started for nine minutes until we shut up so he can go. The finance talk starts at nine minutes. But we're trying to find pretty lady because

Emil is probably a little horny right now and we're dealing with that. This is crazy. This is crazy. Now I kind of need I need to know. I need to know who this person is. I don't be at risk. Grano. All right.

So highlight that and Google. Beatrice grano. Oh, wait. highlight that in Google. Beatrice Grano. Oh, wait, I thought it was Samona Tabasco. Samona Tabasco. Samona Tabasco. Oh, man. Is she freaking Natalie Chalula's cousin? Nice.

Thank you very much. Thank you so much. Her DMs are open. Are they really? How many followers does she have? 160 K. Oh, you don't have a shot now. Also DMs are open. Are they really? How many followers does she have? 160k. Oh, you don't have a shot now. Also, Luke follows her.

Just now? Yeah. Alright, that's cool. That's cool. She's an Italian actress who got her start in Italian movies, such as Perez and Il Bastardi, the Ponticatolone. That's what she's going to me, Il Bastardi. Yeah, man, I haven't had Italian food in so long.

Let's get the show on the road folks. What do you say? We got a lot to cover this week. We've got a whole bunch of shit. Crypto corner is gonna be off the fucking rails man. There's so much shit going on. I might even burp into the mic today because I just can't take my mouth away

from this fn thing Should we start with the let's do the segments the market Imagine a graphic splashing across the screen Emile did you rack up any extra credit card debt over the last few months? Did you contribute to this household debt rising at the fastest pace in 15 years mortgage and more which includes mortgage and credit card usage mine has been steadily declining no Just too high my accountant as always. Oh, yeah, when you weren't pooping and your account was calling you right yeah So is so you've been spending a lot of money. Yeah, but not recently always All you are always spending money. I'm always spending too much money. A S and always spending money. I don't spend that much money

Okay, so so you just wasted my time Basically, is what you're saying and everyone else is wasting time because I asked you a question Have you been spending more money and you just and the answer is no you just led me on a wild goose chase the answer is no No, okay. I've been spending more on what? my car and Some wayward little purchases and we traveled that was spending money. Oh, yeah What are your what are your wayward? I would love to see your fucking credit card bill. Why your wayward little purchase Crazy, I don't know why I said that

Well, like I bought three pairs of fucking running shoes. Yeah, like that's crazy. To try. One time Ben said, I have to go to the Adidas store. Do you want to come? And I was like, oh yeah, there's a store right near there where I need to go. Okay.

And my guy comes out with fucking like eight boxes of shoes. It was like six, but that's fair. Unbelievable. Six might as well be eight. You're like a cartoon character. I bought a bunch of shoes, see, because I buy it all online and I try it on. And if nothing fits or I don't like it,

I've returned it to the store. Easy peasy. But not easy peasy. You're just like creating work for yourself. Just go to the store the one time. Yeah, it's true. That is a, that's true. Just go to the store and be like,

do you have these shoes in this size? Yeah, but that involves driving to the store. And it's on, both involve driving to the store. Yeah. It was also during the summer when it was really hot, so I was like, oh, I can't do my flying in car dude.

But then you got in and you go anyway. Yeah, you go anyway. And everybody just shut up. All right, everybody lay off. All that's to say, apparently credit card debt rose 15% a year over year. And that was a bit of a learning for some because it was the biggest jump in 20 years,

which was it jumped by $351 billion for the July through September quarter, but they attribute it to higher prices and, quote, robust consumer demand. How robust is your demand? I would say that my demand is quite robust. I mean, six, six adidas. Six adidas would put me definitely in the higher robust category into insatiable. Yeah, yeah.

I just want to, I'm not going to make it. I'm just going to make an inappropriate sexual joke. Just go. Say it. I want to, I want a girlfriend who is robust. That was it. I don't know man. I was gays of some kind of gross boob joke. I don't know Jesus Christ. So here's the thing man. You would think in part of the read a bunch of people on Twitter going look at this. Hey Michael Burry types going this extra credit card debt. it's not a good thing. Well, you would think then that the link when C rates would be rising in kind, wouldn't you, Emil?

But they are rising in kind, till they're not. I think they are rising in kind, it's just not in alarming. Well, yeah, that's what I meant. What did I say? You said that they're not rising. No, no, but I don't think I did. They are rising in kind, which also, I don't know,

I don't know who's to say, you know, if it's not a early sign of things are gonna get worse. Right, because it's not like just because you take on debt means you immediately go to Lincoln. It takes time. So people are taking on more debt, the link with Cesar rising, so they're just not at that high of a number yet.

Right. Also, you brought up Michael Burry. Did you see he was saying, I'm so fucking short. You wouldn't believe how short I am. Are you serious? Yeah. He has me blocked on Twitter. Google it. So I, he said, I'm so fucking short. You wouldn't believe how short. Something. I'm obviously away. Paraphraising. He is psycho. He is on psycho mode. Well, so while we pull that up, it's just, it is interesting because it suggests that people are managing their shit, they're keeping their shit together. I know I am. I know, but they also brought up student loan debt and they were like

delinquencies with student loans are also good and it's like my guy, payments haven't been due for fucking three years. Yeah. Of course they're looking good. This is true You have no idea. Oh, so this is Michael Burry on the 15th of November. He said you have no idea how short I am and then he said Long thought that the time for gold would be when crypto scandals Merge into contagion. Yeah, he's been long, being a little crypto. What is he saying? I'm so fucking short, you have no idea how short I'm.

Cryptically says, Jesus, why do we follow what this dumb dumb say? As you can call him a dumb dumb. Right. I mean, yeah, truly, I mean, he's a fucking, he's a medical doctor. He's a, he is. Wait, also a stock genius. Scroll down a little more, please.

What else did he say? He said nothing else. Barry has since delete. Oh, yeah, he will. He deletes all his tweets. Yeah, I don't know why he do that. All right, I didn't mean to derail us. I just wanted to you brought him up and I thought,

Emil derails. Emil derail last name. The mother of all crashes, he says he, he reportedly warned that you were stocked to be fair, he says this like every six months. Oh yeah, he says it all the time. He said that he should be shorting Elon Musk's electric car firm Tesla, but denied the claim and he did not have such a position.

I saw an interesting stat yesterday from like auto trader or something like that, that Tesla has fallen out of either the top 10 or the top 20 most searched for cars. Like people just are giving up on it. Interesting. We've got a lot more options now. People do have a lot more options.

And I feel like we're finally starting to see, because the whole Tesla Q movement, wherein people were doubting Tesla's claims and credibility and build quality seemed to kind of just be a fringe thing, but now it feels like it's starting to be more mainstream. And it would finally affect people's buying habits, I would think. Did you see the New York Times article? No.

They went on a drive with this guy in Florida. It was a big Tesla guy. I think they spent like something like six to eight hours doing full self-drive. And I mean, I think I had a quote in here from somewhere. Over six hours, his car navigated highways, exit ramp, city streets, roundabouts, bridges, and parking lots with his hands near or on the wheel.

And his eyes on the road, the car attempted more than 40 unprotected left hand turns against oncoming traffic. Wow. It kept us on the edge of our seats. But and so they put like go pros, cameras all over the car and they when you go through the article, they describe the situation and then right below it, they have the clip of it happening.

And then so it goes through it goes through all these things and it's it's scary. Well, like it leads them into these parking lots and then tries to jam them into the building. It's that we're a long way from full self drive. That's actually intentional because it's meant to keep the driver paying more attention. And it therefore is enhancing safety features because if you're always on edge and ready to make any kind of move,

then therefore you are a more alert driver. Yeah, but the whole point is for the car to full self drive. That sounds like fudge. That sounds like fudge. Fuck. That was a shitty Elon Musk. Any who speaking of cars, consumer sentiment was down 8.7% for November and came in well below estimates. Part of that was a big slide for durable goods, which was down 21%, which includes cars, televisions, and appliances. And I'm one of those who might be looking to buy a car, as we've talked about. You're trying to join the club. I'm gonna be a Subi boy. Is it for sure?

I'm gonna get my 760 fixed and then I'm gonna try to sell it for like a thousand bucks, 1,500 bucks. And nobody's gonna buy it, but if you... I can't even try it. We can't both drive Subaru's. Yeah, we can. Why?

I don't know. You win a million other people out there driving them anyway. It's not like we're gonna be driving them together holding hands out one day. We could be. We could. We could arrange for that. Part of me was thinking it might even be cheaper to try to buy one of those yut trucks from Australia and ship it over.

When will the Australian obsession... Wayne? These have just fully become an Australian like weeb. and ship it over. When will the Australian obsession, Wayne, you should just fully become an Australian like, weeb. The Aussie equivalent of weeb. I had to explain what a weeb was to someone the other day, and it was fun because they'd never heard of it. You're like only dating Australian women. Sounds good.

I don't know much about Australian culture. Only eating fucking Veggie Might sandwiches. Have you ever had a Veggie Might? No. It's good. I don't know much about Australian culture. Only eating fucking vegemite sandwiches. Have you ever had vegemite? No. It's good. It's intense. It's really, really salty. It's like this spread. It's yeasty and salty and... ...buddy, it's good.

It's got B12, vitamin B12. That's how they all look so good. That's how they all... Look at him. You sound like a Shut up No, no, no, no, no, because in Japan, it's just different We did see a few weaves walking on the street for those of you who don't know a wee a boot Can we pull up the proper definition for it please? W E E A B O. It's like a white guy who's obsessed with Asian culture now. Yeah, but it is a derogatory term, I think.

Of course. Can we zoom in? It is a, yeah, a weeaboo is a non-Japanese person, stereotypically, an uns sociable white male who is overly infatuated with Japanese culture. Semiko and a loser, Japan a file. That's mean, but it's, you know, it's a white guy who loves Japanese stuff. I'm not sure. Semiko and a loser, Japan a file. That's mean.

But it's, you know, it's a white guy who loves Japanese stuff and it's great because you were like, let's do the topics and I was like, wow, he is really going to stay on topic. This like he wants to get through it. We're only 20 minutes in, baby. We got plenty of time. I know. Okay. Oh, and then sorry to jump all over the place folks,

but coffee do be hitting this morning. I was gonna make a comment about you shitting, but I'm not gonna do that. Cause you don't drink up. I'm not like embarrassed about it. No, I know, I know. I'm just, I'm not 15. Man, this live stream that's gonna happen this afternoon for us,

but yesterday. Are you like afraid to do what's gonna happen this afternoon for us, but yesterday. What are you like afraid to do? What's going on? You're like dancing around it. Oh, that. Well, like every time you're like, ah, you know, not to. No, I was gonna say it's gonna be tough.

I feel like I'm watching the scene in the movie where a guy has to kiss a girl and he's just like, anyway, so. Oh, you should see me. It's so weird. If I got to. No, let's do the show. Okay, yeah.

So, on Friday last week, we had the CPI come in and it was lower than, slightly lower than expected, but still elevated in the market rallied. And I actually got a couple of DMs of people asking me why that happened. Because yeah, this one guy in particular said, I would have thought that since CPI's, the CPI was still up, that, hey, that's bad. Market should crash and will not necessarily. And part of that is because any reason that would give the fed, if there is anything that would give the fed a reason to pause or pivot in any way to deviate from their current

plan, that would be seen at least in the near term as incredibly bullish for a big bounce, especially on a Friday when so much of it is baked in. So that's the short one. Wasn't a big part of it too, that PPI came in much lower? Yeah, but that was this week. Oh, okay. Yeah, that came in lower. But then it was juxtaposed with the lower consumer sentiment. And then I believe

today, yesterday for you guys was an employment came in lower than expected. I believe in the market didn't like it because it's still indicating, okay, even though that's good on the surface, it indicates that well, that goes against what the Fed's plan is, which is to slow growth and wage growth. I thought it was already, like people were already saying, you know, the Fed is going to slow down. They're going to do 50 in December. Yes.

And one of the governors of the Fed, Waller said, recent data have made me more comfortable with the idea of 50 basis point idea of a 50 basis point hike in December to set a 75. And that the slowing and economic activity is a sign that fed actions to reduce inflation are working and they expect wage growth to slow. So it's one of those things that's annoying about the market where they just get so hyperfixated, like me with trains, just hyperfixation in every little, every last word that any Fed governor says about whatever

seems to be moving the market, it's just annoying. But doesn't that make sense? Yeah, but it's also... That's huge ramifications. Right, but it's also... It has huge ramifications. Right, but it just feels like this wouldn't have happened 15 years ago, when you had much more of a delayed reaction and therefore kind of probably more time to process information collectively instead of...

But I mean, that's probably just part of the environment where like, every minute, every hour, it's like, Droompal minute, every hour, it's like Jerome Powell said something. Yes. Did you guys, there's a video of Jerome Powell picking his nose in the latest fed meeting. Yeah. Yeah.

Yeah. Every day, there's on my stream, there's constant, it's like, it's like these fed governors don't do anything, but talk to journalists. Every day, Fed's Bullard says this, Fed's Waller says this, Fed's, someone so says this. What possible new information can you have on a day-to-day basis? They've got so been spied in that they're doing something. What's next, dude? You want to talk about crypto-corner?

You're dying to. You're dying to You're dying to yeah, and this in this crypto corner. We're gonna talk about a lot of things We're gonna we're gonna do a little state of the union We're gonna see where we've come from so long. We're gonna talk about SPF. We're gonna we're gonna finally get down to We're gonna try to answer the question. Why are poly people so ugly? What? Wait, were they poly? Yeah, everybody in the in the I was gonna say so-fi house FDX house was poly I know that they were all dating each other

That's what it said, but that doesn't necessarily mean that they were poly Got it had to smell crazy in there. It was called a polycule. Fuck, God. Ugh. Good for them. Good for them. That's the thing, you hear it in your head and you're like, picture in island.

It's the Bahamas. Billionaires with this new financial techn technology, young billionaires, they've gone to elite schools, MIT, Harvard, and they've bought their own mansion where 10 of them are living and fucking all the time. And you're like, oh, fuck, that's so fucking hot. And then you see it in your face. And then it's the it's been pretty this is Bitcoin is gonna revolutionize the world I'm gonna donate all my money to charity. This is my girlfriend. She's the head of Alameda Recer. No

Fuck we have sex with each other sometimes Yeah, it's really cute We're in the I feel like we're just doing the guy from third rock from the sun. French Stewart? Yeah. Oh yeah. Yeah.

Oh man. Okay, so since Bitcoin peaked in November of last year, apparently there's been a loss of about $2 trillion. And is that good? In crypto. I think that that's not. That means it's going down. But okay.

Yeah, yeah. So that mean's going down. Okay. Yeah. So that mean people don't gone and lost money. And just this week, BlockFi is another one to bite the dust to quote Freddie Mercury, the late great one. They're fine. And for bankruptcy, because they had significant exposure to FTX, crypto.com says that they're balance sheet is strong and that they're not in trouble, which is like, okay, fine, but everybody says that right before trouble hits. And for that matter, it's so I am befuddled because I never see or hear a single person talk about crypto.com. Using it, what who the fuck? Huck is using who I'm going to the Lakers game tonight. Oh, where is it?

That the crypto.com arena. I just still say staple center cuz fuck them Yeah, when they're not gonna make me they're they can't make me. Oh, you know who has changed their name? FTX arena. Yeah. Yeah. Oh, they're draw, they're, they're losing shit like for a visa just terminated their global debit card agreement with FTX. Everybody's jumpin' ship. I don't blame them. So I thought, I thought we do a quick little recap. And I was telling you before the show that I felt like I didn't

quite fully have, I like to have a concise grip on a timeline. And I had all the pieces and I'm like, okay, I get that, but so I just wanted to do a quick recap. So we had Sam Bankman-Freed. He owns Alameda Research and he owns FTX, right? Alameda is sort of their investing arm that they do whatever they're going to do with trading, investing, all that shit.

And then FTX is the exchange on which they've got all the client money, investor money, all that shit. You have your Bitcoin on FTX. It is in their custody. And then they had their own token, which exchanges often do, because there's myriad benefits, like on Binance, for example, you buy Binance Coin, it enables you to trade crypto for lower fees. You get a lower fee structure.

So you exchange your dollars for Binance Coin, and then you can trade various cryptos, and you get some benefits. So FTX had the same thing. They had their token, FTT. Well, apparently, Alameda research was overleveraged to the tits and they got, they had way too much FTT. Word kind of started creeping out that they had many billions of dollars in this thing, which is dangerous because there's probably not enough liquidity if something God forbid were to happen. There's suddenly left holding a massive bag, right?

Yeah, I feel like we said a lot of this last week. Well, fuck me. I just wanted to go, well, because we didn't cover this part, which is that a lot of it hadn't, it was all unfolding as we were talking about it. Right, so we went through up until, you know, Binance said they were gonna buy them out.

Well, not on, well, first, I didn't see, we didn't cover this part. The CEO of Binance found out, as everybody did, that Alameda had all of this FTT, and he had, or Binance did, rather, about $500 million worth of FTT token. I think it was $2 billion. It was $2 billion. Yeah, we did talk about this. That he then dumped it on the open market, yeah, tanks the coin.

And SPF said he would take it from him. Right, but then he, then by any chance guys said, no, I'm gonna try to do it on the open market. Yeah, and that spooked everybody. And then that was the impetus for, well, I guess that's the point of a recap. Because then that was the impetus for FTT tanking. It dropped from like 22 to 15 bucks.

And because he did it so publicly, he was like on Twitter talking about it. That scares everybody because it's, they're going into 2.0. Here we go. Yeah. We don't want to be caught holding it back. And because Alameda was so over leveraged and was holding so much FTT, it just cascaded and very quickly fell apart. The House of Cards just fully collapsed.

And then FTX, FTX US declared bankruptcy. And then we have what you put in there today. Oh, well, also what we found out, it's not just that it's not just the FTT. What we also found out was that they didn't have the funds because they were trading with them. They were trading with people's funds, and that's the real shocker for everyone. Because there was this liquidity crisis,

because when you go to sell your FTT, you've got, there's got to be liquidity available to exchange that for dollars, and they didn't have it because, like you said, it was all tied up right so everything imploded SPF did a long tweet thread. He was gonna try to get everyone's money back He was gonna get someone to come in and and give you know They were gonna find the eight billion dollars that that this whole that they had on their balance sheet. They were gonna make everyone whole

Then very quickly it just turns out they're filing for bankruptcy and now I Believe the guy leading them through bankruptcy is John Ray the third. You know who that is? He was the lawyer, the guy who led Enron through bankruptcy. Right. Which isn't necessarily that's not like a red flag or anything. It's just, hey, this is going to be Enron fully collapsed. No, no, it's not a red flag. It's this. I'm only saying that because we're going to we're going to talk. I want to go through his comment from regarding the bankruptcy. Oh, um, for his comments. Yeah. So this is the guy who oversaw the and Ron collapse. Uh,

so Ray blasting former FTX CEO, Bankman Freed. Um, I have over 40 years of legal and restructuring experience. I've been the chief restructuring officer or chief executive officer in several of the largest corporate failures in history. I have supervised situations involving allegations of criminal activity and malfeasance in parentheses and Ron. I have supervised situations involving novel financial structures, Enron, and residential capital, and cross-border asset recovery and min-

maximization, Nortel, and Overseas shipbuilding. Shipholding. Sorry, it is so far away. Nearly every situation in which I have been involved has been characterized by... Defect. Defects of some- I feel like I'm at the eye doctor.

Can we zoom in? I love when the eye doctor. Can we zoom in? I Love when it does that it doesn't zoom in at all. It just makes everything there we go There we go nearly every situation which I've been involved as been characterized by defects of some sort an internal controls regulatory compliance human resources and systems Integrity never in my career have I seen compliance, human resources and systems integrity. Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here. From compromised systems integrity and faulty regulatory oversight abroad to the concentration

of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented. Wow. I mean, what a damning, um, what a condemnation there. And someone has, there's, there's a little tweet thread. They went through, um, they went through the 30 page bankruptcy filing and kind of pulled some highlights. Uh, I read the 30 page FTX bankruptcy court filing.

How bad were FTX's internal controls? Here are the worst examples. Well, so just real fast. Yeah, we've learned that they had, they had all these, and I think part of it was because they were unregulated and they're based out of the Bahamas. So there's just kind of, it's no matter what we talked about last last week, how they were based in Berkeley and I'm gonna forget the figure now, but he realized by not By complying with all these regulations, we're leaving like 50,000 bucks a day or something like that on the table, right?

So they moved to Hong Kong and then they realized they could be much closer in the Bahamas and skirt regulations So yeah, truly the Wild West with these. So here's some highlights from the bankruptcy filing. Apparently employees submitted expense reimbursements over chat, and those reimbursement requests would get accepted or denied with emojis. To me, that's not that bad. I mean, fine, whatever. Your start-up-y kind of thing. Okay.

Related party loans, Alameda Research gave Sam Bankman freed of $1 billion personal loan. They also loaned Director of Engineering to shot, seeing 543 million dollars. I wonder if that was a kind of loan borrowed against shares or something. I wonder if that was a kind of loan Barred against shares or something. I wonder who knows we'll find out sooner or later. What else we got Very few records were kept most decisions were made over chat with the messages automatically deleted after a certain time It's hilarious. This is really funny. What's next? They never had board meetings. Neither did most of their subsidiaries. Let's keep going.

They had no cash management system. Just an absolute mess all over the place. Yeah. Didn't keep proper records of who they employed, employees, and contractors, co-mingled throughout the different companies without proper documentation of how they spent their time certain employees can't be located Which could mean that some employees were fake. It's wild. Yeah corporate funds were used to purchase personal use real estate and employees and Executives put their names on homes purchased many

Oh my god, it also is made funnier by the fact that this guy was the effective altruist guy. I was going out there and he was the face of, what did he say in that video? I'm gonna donate all my money. I wanna make a lot of money, but not because I want a lot of money because I wanna give it away.

But first, you certainly are giving it away. Yeah. Crypto deposited by customers wasn't recorded on the balance sheet. Well, now it's all starting to become a little bit clearer. When he said the thing of like, yes, we fucking bet customer funds, but it's because they were mislabeled. And you're like, how did you mislabel all the customer funds? Yeah.

Now it's all starting to. Yeah, because then he also, he just did a big DM, a Twitter DM interview with a Vox journalist. And he basically said, because it explicitly states in FTX's company charter or whatever I think, that they can't, they are not to use client customer money for trading or investing. And so his rationale was, well, we didn't. We gave it to Alameda. Right. Who then did trading and stuff with it.

But also, I didn't know. I didn't know, nice lady. I didn't know how much money. I didn't know that it was, he's just basically going, oops, I didn't know that it was client money. How the fuck? And maybe he truly didn't because of how I'm airing on the side of he really didn't know because it was just, oh yeah, there we got money and who knows where it's from or what it is and because you see how sloppy and shitty their internal controls were.

Well, and everything was fine for so long, right? Cause everything was going up, up, everything, you know, it didn't matter. Like as long as people weren't panicking and trying to take out their funds, it wasn't a huge deal. But then when the panic said in, it became a pretty huge deal. Oh boy, trying to be... He be on Ababoo mode for sure.

He also be on he he he mode. Wait, he he he, what do you mean? He like fucking, he he's at shit like, wait, there's... In these DMs? Yes dude. Wait, he he's? No, it's gonna be... I do like that the... Oh yeah. No, he he he he. He does wait he he's No, it's gonna be I do like that the oh yeah, no

He does a he he Wait, what if I can insane can you what does he ask him? It's a you were you were really good at talking about ethics for someone who kind of saw it All as a game with winners and losers and he just goes yeah, he I had to be It's what reputations are made up to some extent. I feel bad for those who get fucked by it. Man, these, this boy is, yeah, he, he, he must be waking up every day going, I don't think that's the thing. He fucking cool as a cucumber eyes Yeah, you know he kind of seems to that's the thing from the tweet thread. He goes from full May Copa it was all my fault. I fucked up to like, you know blaming other people like

Erratically just like you know fuck all these people who Don't understand what we're doing. Yeah. And shit just keeps happening on a daily basis. It really is a lot bigger than, than we're going to fully grasp the scale of this over the next few weeks and months. But for example, there was a hedge fund that had most of their funds tied up in FTX. They may have as many as a million creditors, technically, I mean like the customers of

them. And then last week, they had this big hack on like Friday night. It's like half a billion dollars. Yeah, like half a billion dollars. Poof. And it was, then they were saying. He asked him about it and he says it's, it's either an ex-employee or an ex-employee with like malware on their computer that's getting hacked.

Yeah. How, it's just, you know who, oh man. These are our brightest minds. These are, these are our brightest minds and this is what happens when, I think that's what hurts the most when just having to listen to people tell you throw the word genius around. Oh yeah. Yeah. It is also interesting the curse of the magazine cover.

Oh like Elizabeth Holmes. You got Elizabeth Holmes. You got him. You got what's his name? Jamoth. Anyone who gets labeled as the next born Buffett or you know the next big thing, the next King's shit of fuck mountain Also, that's confirmation bias. I'm sure that they had Jeffy be on there. I mean, I was gonna say Elon Musk is probably on all those covers

But who knows maybe his like I said maybe his his trajectory is just a much bigger longer arc Yeah, I think it's you know, we're just not that great at sniffing out fraud early. I mean, I feel like we've been pretty skeptical of all this. Yeah, and it's on record, but no one gives a shit about that. I speaking of sniffing, I do a killer impression of a dog sniffing. Do you want to hear it? You're gonna say no, but I'm gonna do it anyway. See, might as well just say yes.

I'm gonna do it, okay. So this is gonna be ASMR for the audio listener real fast just say yes. I'm gonna do it. Okay, so this is gonna be ASMR for the audio listener real fast. We're just getting because he said sniffing and it made my 80 deep brain go. Okay, it's like a dog sniffing. Here it goes. This is a dog coming up and sniffing you. It's nice because it's longer than I thought it would be. Yeah, really good. There it is. That's it.

Thank you, folks. All right. So that was certainly something. So they lent $10 billion in customer money to Alameda to help meet their liabilities Wait, we keep talking about can we talk about Caroline Ellison for one second who's Caroline Ellison? Okay, she was the CEO of Alameda Alameda 28 years old She was part of the little polycule in the Bahamas. I pulled so it's people have been posting some of her her tumbler posts and

Some of her Tumblr posts. And they haven't confirmed that it's hers, but she had linked that she had started a Twitter, and it links to her current Twitter. So we think it's her. And she's talking about her forays into Polly. And so, and her handle is world optimization. When I first started my foray into Polly, I thought of it as a radical break from my trad past. But to be honest, I've come to decide the only acceptable style of poly is best characterized as

something like Imperial Chinese Heron. None of this is non-hierarchical bullshit. None of this non-hierarchical, higher-archical bullshit. Everyone should have a ranking of their partners. People should know where they fall on the ranking and there should be vicious power struggles for the higher ranks. Jesus Christ. Yeah, she really likes a manly man too. There's one more, I really love her talking

about kind of what's attractive in a man. Again, this is just speculation. This may or may not be her. It's her. By the way, she CEO of Alameda, having had only 18 months experience. That's enough, working, period. And she was a traitor at a hedge fund, I believe.

Here we go, world optimization again. Nothing against this post in particular, but it reminds me that I find it amusing how boy positivity posts on Tumblr always end up taking this cute and phantomizing tone that aligns what is actually attractive about men. Here are what I think are some cute boy things. One, controlling most... ...controlling most major world governments.

Oh, so hot. Next, being responsible for many important inventions and scientific discoveries Spatial reasoning abilities. Oh, yeah when when my boys like just go and dummy on the spatial reasoning abilities I got to be honest with you. I don't even know what spatial reasoning is so I'm out. I can't date this yeah low-risk aversion Okay, so fucking hot and sufficient strength to physically overpower you. Got that one, hell yeah. If you are- I can arm wrestle the shit out of her.

If you are a boy who is driven to succeed at ambitious goals, you are valid. If you are a boy who arrives at opinions through logical reasoning, you are valid. If you are a boy with the confidence to advocate for unconventional ideas and take actions based on them, you are valid. I love that she's talking about all this and yet refers to them as a boy. I know. These are like the most mainly, can you scroll up to the first one, she said?

Controlling most major world government. Man, hey, I'm just a boy who is looking at a girl who controls most major world governments. Asking him to love her. No, asking you to get in line on a hierarchy. The Imperial, it's Chinese? Is that what she said in a period? Oh, the Imperial Chinese Heron.

Yeah. Yeah, leave, man. And she... That's a fucking high bar. She wants someone who's controlling most major world governments responsible for many important inventions of the scientific discoveries Yeah, my guy name me one world leader who has been responsible for important inventions and scientific discoveries and

Has spatial reasoning Okay, all right And sufficient strength to visit yeah, well, yeah like Joe Byron He's not gonna be able to repower. No. He may be able to distract you But he has no important inventions or scientific discoveries. Like none. And honestly, a spatial reasoning is dog shit. Okay, what is spatial reasoning?

Can we Google that? Some out there, some dork is screaming and just calm down because some people don't aren't as smart as you and haven't invented things. Spatial, cause maybe I know what this is and I'm actually really good at it. Spatial reasoning, how to foster in children, okay. It is the capacity to understand reason

and remember the visual and spatial relations among objects or space. That's what I got that, I got that in spade. That's right. That's hot to her? Camera right there, camera right there. And if I close my eyes, that's object permanence, baby. I know that they didn't disappear.

Christ. So we love our queen, Caroline. She also said, it's funny, low risk aversion. She was, she said in an interview about being the CEO of Alameda that she didn't believe in using stop losses. Yeah. Probably because crypto is so volatile

and you can get your stops taken out and then it just, that was the same interview where she said she hardly ever uses her math degree. Right. Because it's all just basic math. Yeah. Well, how'd that work out for you? Caroline.

It is kind of nice at the end of all of this, this like great American project. We really get to see just kind of a real peak behind the curtains of You know these people really don't know their ass from their elbows and it's um I do You do your special reasoning is fucking fans. It's so on point man. So one said I forget where it was they said They said watching crypto is like watching someone speedrun American capitalism basically like we've gotten to just Let's do a speedrun through a video game. Yeah, there's speedrunning American

Cap that's fucking great. We got to get that person on the show. We got a I DM the SPF and I said, Hey, Bob, come on my show. Talk about your shit. And he asked, how are your spatial reasoning skills, my guy? And I said, top not dude. I don't know what that is. And you know, you would never be part of the polycule. Oh man. Or you would be so low ranked on the polycule?

I would be low ranked on the polycule because I would just want one person. I'd be like, can I just like have a wife instead of this fucking molecule where it smells weird? Anywho. Speaking of smelling weird, JeffyKiss is in crew. I do love that some people have caught on and call him JeffyKiss is too. What happened in JeffyKiss is one. Got to dab that up one. Got it. That up. Man, wow, that was incredible. It's also not Jeffy kisses. It's fucking um, Bezos. Well, he's still very, very much involved with the

coming. I know. He's the chairman of the board. Man, you could put a chair on any board. Be the fucking chairman. I don't know what that meant. Anyway, Amazon is laying off 10,000 workers ahead of the holidays. And Jeffy is giving away, all he said he's giving away most of his fortune. Right, he's gonna take part in the giving pledge. Yeah, he's gonna give it to boat makers and whatnot.

Yet, constructors. You think that's where we're going? He's gonna give it to real estate agents in exchange for their goods and services. You know what I really loved about? So the New York Times didn't know our call about it. And I kind of hope it's true, but the way they wrote it, it made it seem like he's doing

this all despite his ex-wife. And really? Kind of, the way they said it, they had a huge portion of it about his ex-wife. So, you know, he's been criticized for not signing the giving pledge, his ex-wife, the author and philanthropist, McKenzie Scott. Oh, I'd love to read her work. I didn't know she was an author. Signed the pledge in 2019 after the divorce, varenk, to keep at it until the safe is empty. Miss Scott, who is estimated by Bloomberg, to be worth $24 billion, has already met the giving

pledge threshold by giving away more than half her fortune and she has done it in less than three and a half years since first publishing her promise on the group's website. She is donated more than $14 billion and she goes on about polish it and her rapid prolific giving is at times compared with Mr. Bezos' own philanthropy often to his detriment. Last month Mr. Bezos visited the Vatican to receive a philanthropy award. Even though many observers noted his ex-wife had given away more money than he had.

Of many observers? Yeah. So people were out in the crowd going, your ex-wife gave away more money. You suck! Sign the giving pledge! Dip shit! Pussy boy!

You know I love nothing more than a petty man. Yeah. Cause I'm a petty man, you know me. I'm Tom Petty, baby. I'm Tom Petty and the fucking heartbreakers. Yeah, okay. So you think that he's giving away billions of out of pettiness. I hope so. That's why as much as I dislike Donald Trump, I do love that his presidential run was like fully based on pettyness, just at a spite for whom, the American people. Obama made a joke about him at the White House Corp. Dinner and you could see him on the space, he was just like, you'll see it, you motherfucker. Yeah, I do.

I thought you were talking about his recent announcement to run in 2024. No, no, no. Oh, he's back in a big fucking way. He's, isn't he 80 now? I don't know, he's still got it though. Ron de Sanctimonius. Oh man, if anybody in the GOP was smart,

they would rile him up as much as possible during every single debate to try to get him to just fucking, try to get that heart to just seize up on live television. Just get it seized up. Just everybody should just team up and do the same shit to him that he did to everyone else and just call his wife ugly and call his kids idiots and tell him to do.

I think he looks like a melted crayon. I think he's like one of those guys though that he's so unhealthy, but he's still just like, you're not gonna take him somehow, yeah. Yeah, like the Chinese guy who ran a marathon so he smoked just cigarette. Rip and darts, you love it. You love it. God, absolutely king. Oh man, I just, guy who ran a marathon. Exactly. Just cigarette. Rip and darts.

You love it. You're a god damn. Absolutely king. Oh man, I just fuck, I love that. It must have felt so good. Any way. Jeffy said in an interview though that probability, he said quote,

probability say if we're not in a recession right now, we're likely to be in one very soon Hell yes That's what he said he didn't add I added that you added the hell yes hell yes added by us Man can you imagine waking up to that voice every day good morning my hot wife? Do you feel like blowing me today? Oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh that? You said, honestly, if I'm waking up to that? Yeah. I'm saying, yes, Mike-ing. You see those arm veins popping because he's so jacked now.

Him and his new girlfriend, they're just turning into... Fucking plastic figurines. I was gonna say dolls. Yeah. Mmm. Should we talk about YouTube shorts? Or do you want to talk about TCI? Well, so that's, you know, a lot of these tech layoffs are coming with, you know, I think

a lot of the layoffs are coming from the Alexa department. They're coming from these things that don't make money. Oh, yeah. The ambitious throw things are really changing. The environment is, you know, we used to have this low interest environment where people could just throw money at things and it was fine if you spent $5 billion a year because, you know, who knows, maybe you'll hit big and then we've got $100 billion thing in our hands. Google had Google labs.

Yeah, and Google has something called other bets. Oh, right. So it's kind of, you know, with all these tech companies laying people off, there's an activist investor at TCI. They're calling on Google to a slash costs in the same way. Lay people off. They're also really begging them to, you know, shut down a lot of those other bets things that has things like Waymo, the self-driving cars. They're like spin this out and sell it off. Well, isn't Waymo now doing weather?

Shit. Oh, are they? I think. Or someone else is doing, someone has turned those autonomous cars things into, I think, like microclimate kind of weather stations or something. Someone did. Yeah, Waymo turns its driverless cars

into roving weather stations. There you go. Self-driving taxi operator, Waymo might its driverless cars into roving weather stations. There you go. Self-driving taxi operator, Waymo might have a way of getting around its vehicles. Oh. By turning it, what the fuck? It appears to be a simple trick Waymo said, who gives a shit? But they're also calling them out for just spending too much money entirely on their employees, too. We are writing to express our view that the cost-base of alphabet is too high,

and management needs to take aggressive action. The company has too many employees and the cost per employee is too high. Shut the fuck up! Shut the fuck up! Shut the fuck up! Why, you don't think that some of these like tech players have extremely bloated... I mean sure, there's that, but it's also Google. They have so much cash that they can afford to keep their employees happy. Give them the shit that they need or whatever I don't know what I'm doing I don't know what I'm saying there they they the thing is line needs to always go up right that's what the that's the the base the basic principle behind all of this shit is you got to beat every quarter every quarter's got to show profitability, ever increasing margins.

Just same shit. TCI sucked my balls. Very astute. Yeah. So I did see this one thing about YouTube. We've seen shorts really take over in hopes of competing with TikTok, but they are just launched this shorts shopping where users can purchase items instantly. Have you ever bought anything off of social media?

I bought like one thing off of an Instagram ad. So did I. It was a fucking mistake. Yeah, same. It It was the cheapest shit. Same. And they still almost get me where there's one that always pops up and I go, God, that is actually a kind of sick jacket. And then I go, no, it's going to fucking come and it's going to suck.

It's going to be the worst piece of shit. It's exactly what happened. It's always like a company you've never heard of. And you're like, damn. It's got an end. It's like, tree in butt. Or something. And you're like, damn. It's got an end. It's like, tree and butt or something. And you're like, fuck, that's kind of fire. Yeah.

And you're like, no, thank you. Not interested. Yeah, not interested. Luckily the mistake I made was just a t-shirt. I'll eat the money. You'll eat it? I'll eat it with some beans. Yeah.

So they're hoping to do the same thing as the Chinese who apparently spend a fucking, dude, I was shocked by this. Three, you will not guess folks, how much these Chinese people are spending on social media shopping or how much they spent in 2021. But it's not just social media, it's not like an Instagram ad. It is like, I don't know if people are old enough to remember. You remember QVC.

Yeah, of course. Yeah, yeah. You tune in and you watch them, they display the product. There's a live crowd. They're getting you fucking jacked up. They're like, and it fucking, it chops, it dices it. Fucking does all these other things. And then people call in and they go,

okay, I need five of them. And, but so you tune in and you watch live commercials, basically, and they have, they have presenters that are. Sorry. You do. You have presenters that people like, they got one guy, the lipstick king, Austin Lee in China

Yep, Austin Lee he sold 15,000 lipsticks in five minutes. That's so hot in oh god, man Yeah, there was one it was this the same guy who sold a Billion dollars worth of shit in a single broadcast. I don't know if that's a guy Billion how much did this guy make? I wonder on On, on Tau Bao, never heard of Tau Bao. Also, by the way, Chinese people spent $352 billion in social media shopping in 2021. Crazy. That's absolutely insane.

It also bums me, I don't want that to become a, I don't, that just seems bleak. We're already all staring at our phones. At least we like to think that it's not for ads It's for That funny fucking TikTok guy you like McKinsey the consulting firm says that instant social media shopping the instant social media shopping market Is gonna reach two trillion dollars by 2025. And it got me to thinking,

Google's doing this affiliate marketing thing, they pay it commission to creators who sell products, 45% of the revenue made through displaying ads between short videos will be shared with the influencers. And I thought, man, I gotta get a piece of this shit. I got to, I gotta be like this towel-bow guy and sell a billion dollars worth of shit and it made me think, what would I sell?

What would you sell? What do you think I would sell? Um, butt wipes. Close. That is a good, that's actually pretty smart. That's pretty smart. Ben's wipes. Ben's, BBW, Ben's butt wipes.

BBW. There's a new BBW taking over the internet What is BBW? It's a big, beautiful woman Big, beautiful woman So the, I would sell that or credit cards I could, I could hawk credit cards You know what?

It would be credit cards? Yeah Mr. Beast What's his name Phil? What's his name? Jimmy. Jimmy? Jimmy. Hey, Jimmy boy, if you're out there, I'm telling you man, you got to partner with me,

make a credit card. That would be honestly be my thing. If I were a Mr. Beast's stature, I'd start a credit card. I would do super low interest rate and points that are worth one and a half cents per point. Credit card company? Yeah, man. You got to have rewards. People love rewards. People love points and people want to trust. But that seems like a high barrier to entry. Oh yeah, probably. I mean, look, we'll figure all of that out. I would do like a, mine wouldn't even be a product. It would be like, no, it would be like a like a cult you could sign up for like like fucking

You know Jared leto no, but like it's like However much a month and you get we just like we're just chopping it up talking about so it's a friendship Subscription now it's more than that. It's more than that. It's a lifestyle lifestyle fucking. We're talking about plant-based lifestyle We're talking about fucking being kind of jacked, but not too jacked. That ain't a jacked, but not too jacked, right? That kind of stuff. Yeah. Okay.

The other thing that I would sell though? The butt-scorder. The bidet. Oh. Okay. That makes more sense than credit cards. Japan's gift to mankind. But then I learned that some other guy, some YouTuber has his own bidet brand.

Piss me off. Fuck. Fuck. Call him out. That's not though. No, I won't. I know. Ludwig.

Ludwig has his own bidet company. Good for you, Ludwig. We'd love to have you on the show and talk about it. I want to hear about it. Damn, you kind of, that was a good idea. I want to start like a granola company now. I want to have you on the show and talk about it. I wanna hear about it. Damn, you kinda, that was a good idea. I wanna start like a granola company now. I wanna start any kind, hey guys,

let us know in the comments if you've made it this far in the fucking episode. What kind of company should we start? Everybody does coffee and I can see it. No, I'm gonna do granola. Yeah. David Dobrik just started a pizza company. A pizza restaurant.

He's got a pizza restaurant called Dobrik's, but it's spelled dough. Yes, it makes sense. It's, I'm gonna do on a meal, dough roses. Ha ha ha. Or just a restaurant, are you hungry? Come on down and get a meal. Fuck, that's genius.

Yeah. Or you could start a new rival to Gmail and call it email. Emails email. Something like that. Yeah, yeah, for sure. So, so, granola, kombucha. Kombucha, kombucha.

Kombucha. I know a guy who owns a kombucha company in Long Beach. And wants to do a line? He wants to do a line with you. That's amazing. Yeah, in the bathroom, meet him in the long beach to do a line. He wants to do a line with you That's amazing. Yeah in the bathroom meet him in the bathroom. You do a line together Well, I guess we should probably wrap it up here. Hey, did we get to it? Doesn't matter. We never get it. It doesn't matter. No, it doesn't matter. It's coming in after our silly Billy Oh good. We're gonna talk about Jaina

We're gonna talk about Elon and Twitter maybe we're gonna talk about Jaina. We're gonna talk about Elon and Twitter, maybe. We're gonna talk about some other shit. Taylor Swift. Splitting expenses with your partner. What? Steve job. Steve job. Trump announced these, we kinda talked about that already. Trump announced he's running.

So if you want to enjoy all of this plus more, we're gonna cuss, we're gonna smoke cigarettes. We're gonna do drugs. It's gonna be pretty fucking wild. We are gonna do the high episode one of these days very, very soon, probably after Thanksgiving. Ben is scared. I'm trying to do it. I will be the one to do it because Ben, I'll try to talk him into it. He's a little bit. I'll be the one to get high. I can't decide if it should be, it should probably just be weed, right? Whatever, whatever we talk you into, we'll do it. He's- I'll do anything.

I already said I would do it. He's a little scared. You are petrified. Literally couldn't be me. Well, so that wraps it up, folks. Oh, happy Thanksgiving. We'll see you the day after Thanksgiving with a special little episode for our special little people. So as always, kill your parents, quit your job, shit your pants.

This week on After Hours Talking about cold, cold! I can't wait for our first episode from the hospital. Yes, could you scratch my neck? Coner boys with the trinary time. Thanks. Think. This is my number five. One, two, three, four, five!

Sign up on TMG Studios.tv to watch the full bonus episode. FUH! HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA episode.