The Trillionaire Mindset - 64: SBF is Going to Jail

Episode Date: December 16, 2022

Head over and peek the tbh collection at https://apple.co/tbh Check out our channel page on Apple Podcasts, go to: https://apple.co/trillionaire Become an exclusive member to get ad-free and bonus e...pisodes at https://tmgstudios.tv SBF is finally facing the music this week. The boys recount his time spent in a Bahamian court room, experience the shock of Trump’s new NFT collection, and pay a little tribute to late night legends of SNL. We also take a trip down memory lane, will the pumpers ever learn? Cancel your unnecessary subscriptions right now at https://rocketmoney.com/trill This holiday, give one annual membership and get one free! Go to https://masterclass.com/trill today. This podcast is sponsored by BetterHelp. Visit https://betterhelp.com/trill today to get 10% off your first month 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.*

Transcript
Discussion (0)
Starting point is 00:00:00 Hey everyone, we're really excited to be featured in the Apple Podcast's Tbh Collection this month. Tbh highlights society and culture, investing and other shows that dive into conversations with nuance perspectives from Apple Podcast. This month we're thrilled to be included. If you are new here, first of all, welcome. I'm Ben, that's a meal. And every week we cover the biggest news and finance, stocks, politics and business.
Starting point is 00:00:22 Think of us as your go-to internet news and finance commentary every week. We put a comedic twist in and we are pretty tongue in cheek, and we'll tell some crazy anecdotes along the way. If you like what you see, you can find us on Apple Podcasts. We even have a channel you can subscribe to. It'll get you our ad free episodes and bonus episodes every week. You can check out the show description below and use the link there to check out the Tbh collection and our channel page
Starting point is 00:00:45 Share the episode with your friends and stay tuned because every episode has fun surprises Howdy Steve's lets oh, yeah, hit him with it Steve's lets you know what to do you know what to do get out there Fuck it up get out there. Fuck it up check the disclaimer in the description box fuck it up Fuck it up you got to click see more or whatever the more I will never know what that box says you will I never know it says more some people say it says more some people say It says see more nobody really show more some people say it says show more nobody's for sure certain no one knows No one actually knows and there's no way to verify We have a friend at YouTube. He says, I'm not even entirely sure it exists.
Starting point is 00:01:25 We're talking about it. He doesn't know, he might be gas learning us, but yeah. Anyway, guys, if you're watching this now, it means the live stream has already happened and that is where the 50,000 kiss happened. So if you're interested in seeing something like that, this is the wrong place. You're gonna want to-
Starting point is 00:01:47 Yeah, but stay here. Oh, yeah, stay here. We've got a lot to cover. Go watch that later. Yeah, but it is up. I know a lot of people were already DMing me saying, I can't make the live. Is it gonna exist on YouTube?
Starting point is 00:01:58 Yeah, it will exist on YouTube. Well, it does currently. Oh, yes. Because today is Friday. It already happened. Today is Thursday for us, but tomorrow is Friday for us. I will imagine most people have already left
Starting point is 00:02:08 to go watch the kiss. They're not watching this anymore. Yeah. Well, if you do, please come back. If you come back, come back. Check it out. Hey, I got good news. Do you? I just got an email. Nice. Dude, I know you've been waiting for some. Thanks, man. I just got an email from you. I know you've been waiting for some. Thanks, man.
Starting point is 00:02:25 I just got an email from the tech people at my trading firm. Trader Treehouse is live as of Monday. You can go sign up on Monday at TraderTreehouse.com. We will hopefully not violate any securities and exchange commission laws together. Well, you'll do it. We won't, we won't do your best. Yeah, no, it's easy to not break the law. That's the thing.
Starting point is 00:02:53 Says you. No, I, I, yeah, that's one of the things we're gonna be. Also, my chat isn't has been up. We are certainly breaking the law with a lot of the thing. Hell yeah. What do you guys break in the law? Oh, we're violating stuff with the FCC, SEC, FDA.
Starting point is 00:03:09 The FAA is pissed. Oh yeah. Kind of hard to not find someone to find someone not pissed. ATF. It's not pissed. ATF is actually not pissed. They like what we're doing. They're saying keep at it.
Starting point is 00:03:20 They're kind of watching them. And they're like, we're going to blow you guys up at some point. I remember on the Drew Carey show, I think crazy reference. They're kind of watching them and firing. They're like, we're gonna blow you guys up at some point. I remember on the Drew Carey show, I think crazy reference. They're Drew Carey. It was like someone's bachelor party and he said, hey, we're gonna go shoot guns and smoke cigarettes
Starting point is 00:03:37 and then call the ATF and thank them for the good idea. Because it's the Bureau of Alcohol, tobacco and fire. Oh, they're gonna get, they're gonna drink smoke cigars and shoot guns. Nice. Great. And then call the ATF and thank them for the good idea.
Starting point is 00:03:50 Great Drew Carey pull. Thanks, man. Sound off in the comments if you're a Drew Carey showhead. Sound off in the comments if you like my haircut. We'll do a moment of silence. Okay. What the fuck? What the fuck? What the fuck?
Starting point is 00:04:04 What the fuck? What the fuck? What the fuck? What the fuck? What the fuck? What the fuck? What the fuck? What the fuck?
Starting point is 00:04:12 What the fuck? What the fuck? What the fuck? What the fuck? What the fuck? What the fuck? What the fuck? What the fuck?
Starting point is 00:04:20 What the fuck? What the fuck? What the fuck? What the fuck? What the fuck? What the fuck? What the fuck? What the fuck? What the fuck? I Don't be up Be quick, all this Can we do a moment of silence we've been there, okay also I I want to apologize to oh man I got the worst worse a little hang there. Oh, stay here. Oh, stay here.
Starting point is 00:04:46 Oh, this is a voiceman, real life. Yep. Who are you going to apologize? I was going to apologize to, I let a lot of cameos expire. And I'm very sorry. I had a bad week and I wasn't, I just let him, I forgot that they were even there and I just, every day, I kept getting emails, came over, asked you had expired and I was like, fuck, and then another and another and another and yeah.
Starting point is 00:05:19 So he'll get to them. I tell you. You can't because once they expire, they can't do it. So maybe I need they then deactivated my account because I was getting too many in a row. And it's it means nothing. All you have doing something. Well, because they don't want people to keep requesting only to get denied. So they just deactivate it and they say, Hey, when you're ready to come back, yeah, go ahead and you can react. They activated mine. Oh, that's great. But I forgot to, I keep forgetting,
Starting point is 00:05:47 they said you just have to do a intro video and go like, I'm here. That's the script. Let's do it. Let's do it. Let's do it. And so I keep forgetting to do it. I'll do it though.
Starting point is 00:05:59 And then you guys can do whatever you do. Oh, people will pay you to say the dumbest shit. Happy birthday, Emily. Get the fuck. Now it's fun to do. Oh, people will pay you to say the dumbest shit. Happy birthday, Emily. Get the fuck. No, it's fun to do. I really like doing it. We'll see, we'll see. I'm gonna stop myself before I over share.
Starting point is 00:06:14 Cause, you know, this is like, the people out there are like some kind of, they're like a distant family that I never see or talk to, but they, No, you talk to them. I talk to them. They don't talk to them. I talk to them. They don't talk to you.
Starting point is 00:06:27 Yeah, but. Or sometimes they do through weird DMs that make you feel like, do they like me or do they want to kill me? Yeah. And I don't want to, I don't want to come on here and pretend like I'm in the best place because I'm not. And that's okay. And I'm saying that to set an example that it's okay.
Starting point is 00:06:47 Sorry, I know you're over there like, dude, don't do it. Don't worry, I'm not gonna cry or nothing. That you know, but no, I'm not. But yeah, so that's why I haven't done any cameos. So, and I wanted to fill you guys in on that so that you know that. Okay, that's enough of that. Okay, there was, let's just go right into crypto.
Starting point is 00:07:12 No, yeah, yeah. Okay, so we are going to go into crypto corner. People be. So everyone knows there's some very real stuff going on with crypto right now. We're going to get to SPF. We're going to get to, you know, the NFT shillers getting sued, all this stuff. And that's all very heavy.
Starting point is 00:07:30 I, and because, you know, you're maybe not going through the greatest time, I have a little surprise for you. Breaking news. This is a great way to lead us into crypto corner. Get us into the right head space. Okay. So this is breaking news that was, no. Yep.
Starting point is 00:07:44 That's it. That's it. Just wait. This is the breaking news. It's collect trump card. Just wait. It's beautiful. You're right. There's a video. Oh my God. Okay, play it. For the audio listener, it is Trump. Hello, everyone. This is Donald Trump. Hopefully your favorite president of all time better than Lincoln Better than Washington with an important announcement to make. I'm doing my first official Donald J. Trump NFT collection right here and right now. They're called Trump digital trading cards These cards features some of the really incredible artwork pertaining to my life. It's been very exciting You can collect your Trump digital cards really incredible artwork pertaining to my life. Fuck outta here. It's been very exciting.
Starting point is 00:08:25 You can collect your Trump digital cards just like a baseball card or other collectibles. Here's one of the best parts. Each card comes with an automatic chance to win amazing prizes like dinner with me and reading all of the telephoto through the entire time. But it's what we have.
Starting point is 00:08:42 We're golf with you and a group of your friends at one of my beautiful golf courses, and they are beautiful. I'm also doing Zoom calls. You can do one-on-one meeting, autographing, memorabilia, and so much more. We're doing a lot. My official Trump digital trading cards are $99,
Starting point is 00:08:59 which doesn't sound like very much for what you're getting. By one, and you will join a, I wish he lost his community. As the salesman, as the pitch guy. And I think it's something you're going to like. I think it's something you're going to like. You're going to like perfect gifts. So you can buy them with your credit card or crypto. All you need is an email address.
Starting point is 00:09:19 Go to collecttrumpcards.com and buy your Trump digital trading cards right now before they are all gone and they will be gone. And they will be gone. And this is my first official Trump trading card NFT collection. I'm all in there. And you get a chance to meet me. Go to collecttrumpcards.com right now and remember Christmas is coming. And this makes a great Christmas gift. Look at him. And the weird haul, the Christmas haul that we got in the morning,
Starting point is 00:09:42 and the Christmas haul that we got in the morning, and the Christmas haul coming And this makes a great Christmas gift. Look at him. In the weird hall, the Christmas hall that we were on there. Good. This is... Also, Quick question, can I buy on $99? Sure. What for?
Starting point is 00:09:56 Nothing. Wait, wait, let's see. Let's read the line. Also, a lot of people are saying that with the SPF thing and the way crypto is going that crypto is dead and I'd like to say that Crypto is clearly not dead. Okay. No, it's not Trump has revived it Trump has saved it Let's see what is there anything down there that's total ARV of all prizes 54,695 dollars. That's what they
Starting point is 00:10:21 That's the so kind of under selling himself. I mean, there's that you can get a dinner with Trump You tell me that's worth that's worth a some kind of under selling himself. I mean, you can get a dinner with Trump. You tell me, that's worth a million dollars to me. I would pay a million dollars to have dinner with Trump. That was incredible. I really wish that he was less of a shitty guy so that this would be just something that everyone could enjoy. You know what I think?
Starting point is 00:10:41 There's a lot of people who will enjoy it in a different way. Right. There's gonna be a lot of people who buy these, I think. Yeah. I just, also, why didn't he add a little bit? His whole thing is just going off the cuff. Because he probably doesn't understand what they are.
Starting point is 00:10:56 So that's what, if you'll notice, they made it so that it's digestible, much like applesauce for old people. they call them I think that digital trading cards Yeah, yeah easier. He said NFT once. Yeah, and then it was just digital Donald Trump trading cards. I love when he when he says and they will Security checks here. Yeah, I love when he said They're they'll sell out. They're gonna go fast and they will be gone and then he goes Like holy of it And for the audio listener there's some real beauty so you get him riding on a
Starting point is 00:11:37 elephant Signalling the G-O-P. Yeah, and it's red, white and blue. And Trump is on top of pumping his fists with a fist. It's really amazing. His red tie is blowing in the wind. Really beautiful stuff. I miss him. So I just thought we could start off on a lighter note before we get into the heaviness. Yeah.
Starting point is 00:12:01 Just speaking of SBF, I wonder if the New York Post, because you know there are the daily new did you see the new york post headline no uh... what did they call it did they make an spf joke no no because that's what i was going to say they should do it they called them h a i r y harry fuck i can't remember what it was sbf they called him here is a harry it was a harF, they called him Harry. It was a Harry Potter pun. Can we? Harry plotter. I'm looking. It might be that. I don't know. But and they've
Starting point is 00:12:33 just, they use the worst picture of them. When, when he gets his sentence handed down and it's however many years, let's say it's 90. I imagine their headline would be SBF 90 and it's like him Photoshopped on a, on a bottle of copper tone. That's what I would push. I like that people call him scam, Bankman fraud. You heard that? No, that's great.
Starting point is 00:13:04 Scam, Bank, fraud. All right. So anyway, for those of you who are living under a rock, that's pretty great. Scam Bankman fraud. All right, so anyway, for those of you who are living under a rock, what's the bugs like under there? I always make that joke. Yeah, I'm glad for it. Yeah, but I need humor. But so go on. Okay.
Starting point is 00:13:21 Go on. Scam Bankman fraud. Scam Bankman fraud scam bankman fraud aka spf aka sandbankman freed aka the golden boy of crypto has been arrested in the Bahamas in the Bahamas He's got there's Do you think Bahamian police sirens are here? We got steel drums Really good that's what here we go, steel drums. Steel drums. Really good. That's what those are called, right?
Starting point is 00:13:48 Steel drums. You hear the police siren and it's br cases, and then criminal charges from the DOJ through the Southern District of New York. And the criminal charges, it's wild. There's eight counts, including conspiracy to commit wire fraud on customers, wire fraud on customers, conspiracy to commit wire fraud on lenders, wire fraud on lenders, conspiracy to commit commodities fraud, conspiracy to commit securities fraud,
Starting point is 00:14:32 conspiracy to commit money laundering. And this one, conspiracy to defraud the United States and violate the campaign finance laws. Ooh, getting this motherfucker on everything. Yeah, and he faces what 115 years. I don't know how the total charges could amount to that. He won't get that much, but you know, thanks, though. It seems like they want to throw the book out.
Starting point is 00:14:51 Conspiracy to get a haircut is tacked on there too. Not get a haircut. He's there. He got right, right, right. Oh, Harry fraudster or Harry fuck I can't remember. Harry fraudster sounds right. I can't Harry fraudster sounds right. It doesn't matter. Damn.
Starting point is 00:15:08 But it feels very good to see this. It's been so frustrating to watch this dude just do so many interviews and just go, I don't know how this happened. I just, I can't believe I just, I tripped and fell and some people's things. I don't know why we labeled the accounts like that. This was also crazy.
Starting point is 00:15:27 Yeah. Even as fucking parents, they chanted, they were like, you know, we have no idea how our names ended up on those houses in the Bahamas. And we all just have to pretend like these were the stupidest people in the fucking world. Their parents, I mean, his parents are Stanford law professors.
Starting point is 00:15:48 And they're just like, that's so crazy. It's as we own the house. That's looking great. What? Wait, how's it spelled? Yeah. And the more that comes out, the crazier this has been, right?
Starting point is 00:16:01 I mean, we're all just supposed to pretend this guy had no idea what he was doing. Apparently his dad, there was a Wall Street Journal article about how his lawyer parents were kind of, you know, playing a role in this situation from the beginning. He was there for a lot of meetings with regulators and, you know, this is going to be really bad for SBF. I just wonder if the politicians who collectively received $40 million in political donations from him are going to have the spine to carry out, to carry, go on with prosecuting him to the bullies' extent of the law.
Starting point is 00:16:40 But yeah, because I was just, he's useless to them. Well, yeah, that's exactly what I was just going gonna follow up with is he's utterly useless to them. He, I was reading other, there's so many headlines about him. It's hard to keep up, but there was one where he said he hopes to start a new company so that he could earn back everything that he owes people. Like, yeah, cool dude, yeah, that'll work.
Starting point is 00:17:00 I think that's gonna, I think he's gonna have a hard time with that if the SEC or the CFTC are successful in their suits because I imagine they'll be seeking injunctive relief to make sure he has to stay away from people's money for a very long time. What's injunctive relief? Like prohibiting you from doing something.
Starting point is 00:17:17 Doing it again. Yeah. Did you see Kevin O'Leary testified and blamed the fall of FTX on Binon? Well, that's what's nice about this, you know, reading these complaints. I found the SEC complaint, you know, the most illuminating there, but also the indictment from the DOJ, you know, they're saying that this was going on since 2019, right? And from what SBF has been saying, it's a lot of, oh, it just, you know, everything kind
Starting point is 00:17:51 of went bad when the balance sheets got leaked and we were having a little bit of trouble, but they're alleging that from the beginning, he was a fraudster. You know what I mean? His whole- Wow. Yeah, that's quite the allegation. I mean, but that's the thing. When it first, when it first started, it's this big confusing thing.
Starting point is 00:18:07 It's crypto. You don't know what's going on. You're like, what the fuck is FTT coin? And there's all these acronyms. You're not sure what they are. But it's really just, it's not that complicated. It's a tale is old this time, right? He got everyone to believe that he could make them rich
Starting point is 00:18:22 and trust him. They gave him all his funds. He started appropriating those funds for whatever he wanted, for his personal gain, by property, by influence, right? He was using customer funds to end directing them towards politicians on both sides of the aisle, starting foundations in his name for things that he wanted to accomplish.
Starting point is 00:18:42 You got a hand at him. All of that crime is hard to achieve. Is it? Yeah. Let's see you go and build a frog that that size. I'm on the face. I don't think I got it in me. Yeah, me either. Not only because morally, but I don't have the technical prowess
Starting point is 00:18:59 or the neurodivergence necessary to achieve that. I think it starts with two Stanford law professors. or the neurodivergence necessary to achieve that. I think it starts with two Stanford law professors. You think his parents helped him out? I feel like what part... I think he had access to a lot of things probably. I think he probably approached his parents with an idea about crypto, and they didn't fully understand it.
Starting point is 00:19:23 They were just like, our son is very, very smart and sure and just kind of gave him guidance not fully. Because crypto, the whole space is still very much the Wild West and I feel like they probably just, I don't know, once you start seeing gold or whatever the fuck the expression is. I would be worried if I was his parents.
Starting point is 00:19:42 I'd be worried if I was anyone near him. It sounds like so right now we just have his charges. I mean who knows who else is going to get in trouble, right? It wasn't just him doing all these things. But I mean we're going to see just how much I mean because that's the thing right how like his line the whole time has been you know I had no idea what was going on at Alameda Research. I was the founder, but I moved away from that. My whole focus was FTX, you know. I also think Caroline Ellison has probably been, did you see that picture of her?
Starting point is 00:20:16 Someone posted it on Twitter. It was maybe a week or two ago. She was at the coffee shop in New York. And someone Google Mapsed where she was. And it was just kind of a short walk from the courthouse downtown. Where they, and they're suggesting something? They were suggesting that she's talking.
Starting point is 00:20:32 Ah, and she stopped to go get a coffee. Yeah. Excuse me while I put in, I, folks, audio listener, I've got something in my left eye that is absolutely driving me insane because every couple of minutes it'll be like Ah, so I gotta apply eyedrops. Should we should we read the juiciest parts of the SEC complaint? Sure, let's pull it up. I have a
Starting point is 00:20:55 It's quite long obviously, but there are some Well, that's gonna be all right. Let's see what we got what we got here. As a result, there was no meaningful distinction between FTX customer funds and Alameda's own funds. Bankpin Freed thus gave Alameda cart blanche to use FTX customer assets for its own trading operations and for whatever other purposes, Bankpin Freed saw fit. In essence, Bankpin Freed placed billions of dollars of FTX customer funds into Alameda. He then used Alameda as his personal piggy bank to buy luxury condominiums, support political campaigns, and make private
Starting point is 00:21:30 investments among other uses. None of this was disclosed to FTX equity investors or the platform's trading customers. Now, do you think why he doesn't seem, I thought that he was the benevolent billionaire. Like, why would he have any desire to buy luxury condos, or was it just a way of... Well, remember we were reading those Vox things and he kinda said that was all front anyway? So he did actually care. I don't know if he had huge aspirations for material wealth
Starting point is 00:22:02 or Lamborghini's and that kind of thing, but I don't think he truly wanted to just give away all his money the way he said he did. Yeah, so you know, here's some more Alameda did not segregate these customer funds, but instead commingled them with its other assets and used them to indiscriminately to fund its trading operations and Bankpin freeds other ventures. This multi-billion dollar liability was reflected in an internet account internal internal account in the FTX database that was not tied to Alameda but was instead called
Starting point is 00:22:30 fihot at fx.com. Characterizing the amount of customer funds sent to Alameda as an internal FTX account had the effect of concealing Alameda's liability and FTX's internal systems. Incredibly balanced sheets that Alameda provided to its third party lenders, Alameda tracked this liability as a loan, but did not specify that the loan was from FTX. Instead, Alameda combined this liability with loans that it received from third party lenders. So they were trying to conceal the money
Starting point is 00:23:01 that they received from FTX by lumping it together with all these other legitimate loans from third party lenders. Inta de Santhe. And now since all this has been going on, he's been saying I couldn't have committed fraud. I had no idea what any of this was. I just thought it was one big bag of money that I could use.
Starting point is 00:23:17 Yeah. How could I know? This chunk here, wait, can I scroll up just a little bit please? In addition to receiving cash deposits directly from FTX customers, Alameda benefited from undisclosed features of the FTX platform, which allowed it to divert FTX customer assets. For example, negative balance, Alameda was able to maintain a negative balance in its customer account at FTX, Bankman Free
Starting point is 00:23:41 directed software code to be written in or around August 2019 and updated in or around May, 2020, that ultimately allowed Alameda to maintain a negative balance in his account untethered from any collateral requirements. Jesus Christ. No other customer account at FTX was permitted to maintain a negative balance. Interesting. So he was just like, yeah, sure, you can go negative, even though it's... And this is, this is August 2019, right? So he's acting like this was just,
Starting point is 00:24:12 oh my God, I don't know, we just kind of lost $8 billion. Yeah. At Bankman Freed's direction, Alameda's line of credit was continually raised to the point where it grew to tens of billions of dollars and effectively became limitless. No other FDX customer had a similar line of credit. She's bullshit. Do you think that during this time he's sitting there with his curly hair going, oh shit, oh fuck, oh fuck, shit, fuck, fuck, fuck, fuck. Caroline, what are you doing over there?
Starting point is 00:24:38 Like because she's just losing billions of dollars. I don't know, I think he thought he would be able to get it back. They were too busy sucking and fucking each other. They were too busy fucking in the polygons. I wonder if that's gonna be part of his defense. Here's his defense. Is, is, is, well, you know, I was too, too busy. Fucking, that's fucking in second.
Starting point is 00:24:59 Excuse me. Um, well, fucking in second. Hey. Okay, so you know how he was denied bail? Yes, 250, fucking in seconds. Hey, okay. So you know how he was denied bail? Yes, 250,000. Yeah. So he was arrested in the Bahamas and now he's got to be extradited to the US, which we should talk about because so
Starting point is 00:25:17 people were saying that that could be a year's long process, right? He's going to fight it because he doesn't want to go to, he doesn't want to go to the US and face the wrath of the US justice department. But, uh, okay, so let's just read a little bit from the, the court hearing for his bail hearing, because it's quite interesting. Hit me. So before the proceeding could begin, Bankman Fried's attorney asked the judge for permission to allow his client to take a prescription medication. Bankman Fried told the judge that the medication was in his possession when he was arrested, but he had not had access to it since Monday. A police officer brought a ziplock bag of Bankman freed belongings into the court which contained
Starting point is 00:25:53 his medication. Flight stole vitamins. And the judge asked if he needed water to take it. I don't need water, but I do need to take my shirt off to take them. Bankman freed him. Wait, it makes sense, it makes sense. But it's just insane. Bankman freed who is known to sense. It makes sense. But it's just insane. Bankman freed who is known to take and some patches as an antidepressant told the
Starting point is 00:26:09 book. And so the judge said, well, you certainly can't take your shirt off in court before allowing him to leave the room for several minutes to take his medication. Bankman freed who was characteristically jittery before taking his medication was no longer jittery upon his return to court. So He's he's been without his meds for a little while and bankman freed's parents are there Bankman frees parents Joe bankman and Barbara Freed receded in the third row behind members of the press They appeared to oscillate between dejection and defiance at times holding their heads in their hands clasping their hands Bankman freed's mother audibly laughed several times when her son was referred to as a fugitive
Starting point is 00:26:46 and his father occasionally put his fingers in his ears as if to drown out the sound of the proceedings. Jesus, wheeze. La, la, la, la. That's gonna be a sad Hanukkah for this for the Bankman Freed's. Fucking wacky. And this is the last one.
Starting point is 00:27:03 The judge told the courtroom that she had been wrestling with whether or not to grant him bail since signing the warrant for his arrest. This is from the judge. On a good day, I don't drink. Ask anybody. But yesterday, I was sure gonna drink. The judge said that. That's a cool judge.
Starting point is 00:27:21 I mean... This is all from CoinDesk. They've been... Yeah. It's... it's gonna be a wacky one. Thank man. It's gonna be a real wacky one. Okay, but so as I was saying, he doesn't, he wants to fight it and stay in Muhammad's, but I think that's gonna change very quickly.
Starting point is 00:27:38 Because, go ahead. Because he's finding out what Bahamian jail is like. It's awesome, huh? No, he doesn't like it. I wouldn't call it awesome. So they have, you know, they have one jail. San Bangra freed his head into a harsh Bahamian prison after magistrate. Judge, but what is it called? It's called the Fox Hill Congressional Facil-correctional Facility. It sounds notoriously overcrowded and unsanitary institution. So they have a huge
Starting point is 00:28:06 rate of incarceration in the Bahamas. And you know, so the jail is overpopulated and mates are supposed to get an hour outside each day, but under staffing and overcrowding means there are periods where prisoners may only see the sunlight for 30 minutes a week. And it's so sunny in the Bahamas. I know. At 2021, human rights report on the Bahamas by the US State Department revealed even more about Fox Hill inmates at the facility said they had to remove human waste by bucket and were prone to bed sores after being forced to lie in the hard ground for long time. Yeah.
Starting point is 00:28:36 Reports cited in festitations of rats, maggots, insects, and individual cells which measure just six by ten feet in the maximum security block. Oh my god. Also subjected to poor nutrition saying they lacked access to nutritional meals and sometimes faced long delays in between meals. Maybe they could print a Fox Hills correctional facility coin. That might help raise some capital. Scan banquement fraud.
Starting point is 00:28:56 Scan banquement fraud could say, listen, I can help you. You just have to create a coin. So apparently his family is appealing to the court to let them bring his vegan meals into the jail. Oh, booooo. That's gonna result in bullying from the other inmates for sure. Between that and having to take off his shirt to put on his anxiety patch. His handsome patch is... Please, that's my patch! That's that I shouldn't make fun of.
Starting point is 00:29:22 I know, I don't... I feel as much as I'm like, this is justice happening in real time, it's also, you know, it's, it's, not fun to watch some stuff for. I don't like seeing any human being suffer in a period. Also, it's unusual. Unless it's Hitler at the dentist, then I'm like, yeah, give him the fucking root canal, no Novakaine.
Starting point is 00:29:41 There you go. Dig up as Exumus body he was burned by the Russians, but you know what I mean. I have to say it's also unusual to see... There's part of me that I was thinking there's no way anything's going to happen to him, right? How often do you see... Oh, they were probably building the case. The lawyers were clicking back in the way.
Starting point is 00:29:58 Oh, yeah, yeah. For sure. But in my mind, I was thinking there was no way this guy would see any repercussions for what he did. Yeah. I mean, how often do you see someone committing financial crimes get reamed? Yeah. I mean, since Bernie made off, who is it?
Starting point is 00:30:15 Well, it's not, we just saw Elizabeth Holmes and Sonny, whatever his last name is. Please go ahead and jail for longer than I have. Yeah, 13 years to her 10, I think. They'll be fine. They'll both write books when they're out and they'll be fucking millionaires. Because everybody's going to want to know their side of the story. There are publishers who are probably already clamoring to bid on the books. That's not worth it for 10 years until.
Starting point is 00:30:37 No, of course not. I wouldn't say they'll be fine. They will be fine after that. Yeah, they'll be fine after a'll they will be fine after that. Yeah, they'll be fine. After a while, after a horrible experience for 10 years, you know what my favorite part about this is the celebrities and the NFT people getting sued. I wonder if it'll actually go anywhere. Jimmy Fallon wins Paltrow, Madonna, other celebrities are sued getting sued. And then yeah, others that promoted the board ape, NFTs are facing a class action lawsuit. So let's see if that goes anywhere.
Starting point is 00:31:05 But speak. Yeah, they're saying that you galabs the people who made it were using some service called moon pay as an intermediary to compensate the people promoting NFT collections. What happened to good old nickels and dimes, huh folks? What happened? Penies. I throw them away. You throw away pennies. If I've got them in like my pocket, what am I gonna do with that? Put them in a jar. They're worth less than the copper that they're
Starting point is 00:31:33 Yeah, but that doesn't affect you put them in a jar. That's true. I keep them in my change thing in the car The biggest thing that I am the most excited about is We called them out on this show. This is insane. You called it Because you you brought him up you got into we're talking about Zach Morris, which is an alias Not the guy from save by the bell, but some guy on Twitter who pumps and dumps. Yeah, but You were arguing with him on Twitter and then you said to me, I don't know if you said it on the show, you probably did, but you said to me, I think he's nervous, I think he's in trouble. And the SEC is investigating him or something, because he's acting very straight back in February. He goes by Mr. Zach Morris, a shameless, unrelenting pumper. I'm pretty sure that that would would be that would get you in trouble with the SEC.
Starting point is 00:32:27 Yeah, so oh, here's some tweets from him. I am February 15th, 2022. I said, Zach Morris is too scared to even post his face or his name, so I doubt he'd have the stones to go on my show. Because I invited him on. I said, come on to the show, bitch. And he didn't. I said, come on, my podcast, bitch, defend yourself. And then he blocked me, but then he unblocked me. And anyway, I was calling him out for being a pump and dumper, someone who bandies together with other nefarious individuals to buy up shares of cheap stocks and then promote those stocks. And then as their followers are buying the stocks, they dump their shares for huge gains. So big, big, big, big news.
Starting point is 00:33:13 The SEC is coming after him and seven others for it. And it's similar to this where it's the DOJ end the SEC parallel suits. Yeah, a hundred million dollar pump and dump scheme. Um, there was, uh, yeah, scroll down please. Let's see. They are do do do do. Yeah, they're filing charges against them. There's these eight guys. So the SEC named Morris. He's legally named Edward Constantine. Together with please don't be Greek. Please don't be Greek. Perry Matlock, Thomas Cooperman, Gary deal Mitchell, Hennessy, aka Hugh Henny. Please don't be Greek. Perry Matlock Thomas Cooperman Gary deal
Starting point is 00:33:46 Mitchell Hennessy aka Hugh Henny. I remember that dipshit. Hugh Henny. I think Hugh Henny has a podcast called like Yeah, they do going in raw going in raw. Yeah, no night ran Night ran a podcast called pennies going in raw pennies going in raw Fuck that shit. Truly truly your mindset bitch hey Stefan raviton uh John
Starting point is 00:34:10 Rybar zick aka ultra calls Daniel Knight aka deity of dips These guys is also named a co-defendant as he quote aided and abetted the scheme through his podcast with you honey so that's really fucking funny. The, according to the agency, the gang, as they would refer to themselves, earned approximately approximately a hundred million dollars from this stock manipulation scheme. Oh, and, Zach Morris! Get the fuck out of here! Do not tell me that he actually tweeted that.
Starting point is 00:34:44 Okay, okay okay so folks this is a tweet that mr. Zach Morris himself tweeted on he tweeted on uh let's see January February March March 2nd I needed to remember what month the third month was uh he tweeted someone someone tweeted at him the SEC SEC is coming for Zach Morris. And he quote, retweeted it saying, I've been hearing this for the last five years. One last time, SEC, these nuts. Oh, I thought he meant like second, these nuts. Oh, maybe yes, second, these nuts, second, these nuts.
Starting point is 00:35:20 Well, they got you. They sure are second, these nuts now. I don't just not share if you're happy with all that teeth. They're using. Yeah. Boy, but they have, they have quotes and stuff from their little discord. And it's, it's, it's pretty fucked. Oh, yeah. Is it from the one that I No, oh, yeah. Uh, that's funny. There's, there's a link that I put in Zach. Oh, and he would taunt them, he would post SEC stuff, like, oh, SEC's most wanted. Wait, listen, so at one point, Knight mocks an unnamed co-conspirator who frets about getting caught
Starting point is 00:35:52 and says he wants to make buys the right way. And so he says, the fucking right way, we're robbing fucking idiots of their money. No, fuck it. Way. Yep, both night. In the same conversation, Kuperman describes the mechanics of how Rybarrzix pumps stocks. Like, what, what he does is he alerts it, and then like,
Starting point is 00:36:13 five minutes, this is how they're talking. Like, what he does is he alerts it, and then like, five minutes later, all his little minions start like retweeting it and saying, added with him. So it like builds the hype back up, it happens every single time. They have this shit down to a fucking science. It's great. In another recording though, Knight worries some other members of the right might,
Starting point is 00:36:33 of the right might be getting too brazen. I'm playing this extremely smart for the very long time. If you don't think all these fuckers go to jail or at least get sued, you are crazy. Just wait and see, it's market manipulation. Wait, who said that? That one is... That sounded like someone was being smart. That was night. Yeah, it...
Starting point is 00:36:50 That was night being like, you guys are getting too out of control with it. Uh, yeah. I'm trying to play this the right way. And you guys are getting too brazen. Yeah, that's... that was always what was surprising to me is because it was obvious to anyone with a brain and just a modicum of critical thinking skills could see that what they were doing on Twitter was Tantumount to Pump Endums, which is illegal. But what we're seeing with all of these things is that it's not, right? We have been doing this for a while now and we make fun of these things and it's funny because these are things we've
Starting point is 00:37:21 been talking about and now we get to see them months later. Which is good. No, it is good, but it seems like it's not clear to anyone. It's not clear to that people at all. Yeah. It's clear that we're the outsiders being like, what are you doing? I think a lot of people felt the same way that we felt. It's just that it's frustrating because it takes time to build a case.
Starting point is 00:37:40 And I'm glad that the SEC waited and it. It sounded like they had moles inside their chat rooms and were were like, if you click some highlights there, there's, there was this one. I remember when this went down, there was this ticker symbol, CEI, if you click the pictures, there are quotes here. So basically this part documents how they bought hundreds of thousands of shares. Go to the next one. They bought hundreds of thousands of shares of this CEI stock. And they, so like, you know, with this guy bought 936,000 shares, this guy had 835,000. Another guy had 405,000 at a price of 46 cents, 47 cents. And then they were starting to pump it on Twitter.
Starting point is 00:38:34 The poor guy who has to write up all their quotes and put asterisk and everything, using an abbreviation for the sling term, cheap as fuck. Adding CEI with you, that's cheap AF using an abbreviation for the sling term cheap as fuck. Within C.E.I. with you, that's cheap AF using an abbreviation for the slang term cheap as fuck. Within the next four minutes after those posts, they started selling shares, 165,000, 60,000, Cooperman sold 240,000 as the price rose by a penny per share. So they were just like, they were just picking up pennies, but still with that amount of, with that amount of shares, they're making a killing. And then they're, they're all on Twitter, just fucking pumping like crazy. And it just
Starting point is 00:39:10 details how immediately after both. Oh my God. Within two minutes, deal head-sold 95,000 shares. Matt Lockett sold 198,000 shares. Cooper Middits sold all 165,000 of his remaining shares. Yeah. So continue there. I think there's one way. What did that? Can you zoom in on that? What? Oh, I never mind. Oh him saying C.E.I. pay us. Let's be clear. It's just it's insane. And I think I remember making I think I remember tweeting it to one of them about it But anyway, but so while they were promoting C.E.I. on Twitter, they were simultaneously selling all their shares to their unsuspecting followers. It was just terrible. Right, so they would buy into these shitty stocks.
Starting point is 00:39:55 Yeah. And then once they bought it at a low price, they would tell all of their, all the people who follow them, 10,000 to followers. I mean, would Zach Morris be the guy who has the most followers? He has about half a million followers.
Starting point is 00:40:07 And so they would pump it out to everyone and go, this is the fucking next one, I'm holding blah blah. And then as soon as the stock would go up, they would make them. Even they wouldn't even hold for like, dude, if you're going to be, you said two minutes later. Yeah, give it a second. But then what they would do is they would tweet because there's a lot of instances where Zach Morris, they have a lot of tweets where he's going, nah, I hold on my shit.
Starting point is 00:40:24 I hold everything. I remember. Oh, I actually lost a ton of instances where Zach Morris, they have a lot of tweets where he's going, nah, I hold on my shit. I hold everything. I remember. Oh, I actually lost a ton of money on this one. Yeah, I still believe in it. Oh, fuck dude, I got burned on that one. Yeah, a big one that he was in, and I'm sure it's part of the complaint was Wish. He pumped the shit out of Wish.com.
Starting point is 00:40:37 I bet he wishes. I bet he wishes he fucking didn't. Yeah, then I think, yeah, well that's it, that's it for that. But it feels good to know that there's justice in the world. Gary Gensler having a hell of a week. Yeah. Gary G head of the SEC is doing some good by everybody. Yeah, it's nice. It's one of those things where, yeah, I'm just glad I'm not saying, being free and I'm glad I'm not these guys,
Starting point is 00:41:08 because I'm sure that they were feeling untouchable for the longest time, and now it's all, I am curious that the world is collapsing around them. The thing you brought up for the past two years, SBF has just been pulling his hair out like, oh my god, how am I gonna get out of this? Yeah, did you watch the did you watch the the fictionalized version of the Elizabeth Holmes thing on who it's great. I highly recommend it, but
Starting point is 00:41:33 They don't paint her as a sympathetic character necessarily Excuse me but they definitely show how It just got out of control really, really fast. And she, it was like, it started out where she just kind of had to lie a little bit just to get to the next step. And then it just quickly just ballooned out of control to the point where it's like the
Starting point is 00:41:58 thing that the little machine worked once. And then they were just trying to get back to that one thing. Right. Forever. And it just, it just kept getting worse. once and then they were just trying to get back to that one thing. Forever. And it just kept getting worse. And you could see that she's like, fuck, fuck, one. Yeah. And it just kept going. She had to just spin more tails to keep everybody at bay. And it was almost, I think she probably, because Elon Musk, it very, he very well could have suffered that same fate because he was doing a lot of the same shit, vaporware with cars and whatnot and promising things and just kicking the can down the road and almost being on the brink of Tesla, declaring bankruptcy, but he skated away untouched.
Starting point is 00:42:38 And yeah, not. I mean, I imagine that is what he was going through. And it's probably why he doubled down so hard on regulation. You know, a big part of it was he was trying to secure the CFTC as the regulator for crypto, rather than the SEC, because the CFTC would have a lot less teeth and tools to go after him. And I mean, it's funny because now both of them are going after him. But I imagine that's why he was spending so much time in the influence game, right? Like maybe I can buy myself, maybe I can buy my way out of this. Yeah.
Starting point is 00:43:15 Wait, there were just two, I just wanted to show that there were two tweets, because not everyone is stoked about this. But now that my Twitter is just a free for all, because the way the algorithm or something has changed since Elon's taking over, you get some funny takes. So if you can click the leo on, this is the person I was talking about last week. Some people thought it was, so she said, SPF getting arrested isn't a good thing. He
Starting point is 00:43:42 was meant to testify under oath before Congress today who would then charge him with a crime. Prosecutor. Prosecutors. She's held prosecutors. Prosecutors just saved SPF from incriminating himself. It's all a joke and they've all been paid off. So weird fucking take.
Starting point is 00:43:59 Yeah, they think they're trying to put number one. She's already been charged with the crime. Congress doesn't charge people with crimes. Fucking bizarre. But there's a lot of people in the weird crypto space, because she's a big bit-cointer, who are like, this is a fucking, it's all a big conspiracy. But then there's this guy, Dr. Ari. I honestly couldn't tell if this one was a joke,
Starting point is 00:44:26 but I figured you might be the expert. He said, Sam Bankman Fried was arrested in the Bahamas. The young entrepreneur is suffering the wrath brought on by Yays anti-Semitism. We have seen an increase in violence towards Jews in recent years since Trump's election. Now this modern day lynching is taking place.
Starting point is 00:44:42 That's not real. There's no way to do it. I know, I could. There's no way to stay in it. There's no way. Please, Dr. Reuben. And I was like, that was December 12th, and I was like, he's gonna delete this because this is a terrible take.
Starting point is 00:44:55 Yeah. It's gotta be a bit. Yeah, because then there's this other one he tweeted, I'm not one to jump to conclusions, but the UVA mass shooting was likely a direct cause by the suspect receiving racial abuse from his teammates. Universe. Wait, but I that these are two.
Starting point is 00:45:13 Oh, yikes dumb fucking take. Wait, Sb. Wait, what? No, it's just a, he's just, yeah, I don't know if he's joking or not. Oh, well. Okay. All right. Well, okay. All right, well Harvard graduate, FDA, yeah.
Starting point is 00:45:29 All right. Okay. All right. Well, what else will I get? Well, good luck to SBF and all your future endeavors, Will. Speaking of Twitter and Elon, I'm guessing, because I also, I've made the prediction on the show before that I think the next big domino to fall
Starting point is 00:45:50 in the world of all of this is Elon Musk. I think that his financial house of cards is going to collapse soon, and I think we're starting to see the first hints of it. Because I believe he's getting margin called on his, on his leveraged Tesla holdings. And his, and his loans for Twitter. Yeah. Because he's been liquidating stock again. And, oh, and selling it a loss. Yeah, as they were saying on the radio this morning, he's selling it a loss. So and the further because the loans that he has out against his share,
Starting point is 00:46:32 that was his leverage that he used to get loans was against his own Twitter or Tesla shares. Those are those loans are contingent upon Tesla shares maintaining a certain level of value. So when they go below that value, that he's at risk for exactly what might be happening, them calling in and saying, yo, we need to collect because the further down this goes, the further we are at risk of not being able to collect
Starting point is 00:47:00 on the loans that we've given you. Right. And then that could create a cascading effect where the further the price goes, the more he has to sell and the more he's got to sell, the more everybody else now knows, okay, the jig is up, the biggest shareholder out there with, however many, how much does he have?
Starting point is 00:47:18 $200 billion or something, $190 something. Because he's no longer the richest man in the world. Yeah, it's sad. Louis Vu Vuitton guy Louis Vuitton. Louis Vuitton LVMH I think is the is the company Louis Vuitton and like Vouve Clico the luxury brand. Family Bernard on our Nalt Bernard on all know can we see what this guy looks like? Are you going to tell me what his penis looks like? Just by looking maybe looks like. Are you gonna tell me what his penis looks like? Just by looking at it. Maybe.
Starting point is 00:47:46 Looks like the tip of a champagne bottle. He is a French. I am better now than now. My family make luxury brand. That you can not afford. What do you want to? Kind of doing like a French scar face. Yes. How am I going to get the pussy? No.
Starting point is 00:48:11 Am I going to get a scar like this? Even pussy? Look at me. Now look at you. And we are not the same. That's okay. Okay. He's I'm not my sharpest this week. Let him have it folks, all right. He does, um, he looks good for the richest man in the world, doesn't he? I don't know. He just gets it with like nobody cares. Everybody gives him a free pass.
Starting point is 00:48:35 It's like, yeah, cool. We like Louis Vuitton. That's cool. Well, because he doesn't, I'm sure if he made himself the center of the universe every day. Yes. People would dislike him a lot more. Yeah. And I'm sure there's a lot of...
Starting point is 00:48:49 There's probably plenty of things you could pull about this man's life that you're like, this guy sucks. Yeah, maybe. But he didn't feel the urge to buy Twitter. The space where everyone talks and gives their takes. Yeah. It is really funny that Elon Musk thinks that he is so, his business acumen is so good. Well, what's the characterization of business acumen?
Starting point is 00:49:12 Sharp. Sure. Good. Firm. Squishy. It's funny watching this, right? Because there are two very different opinions about this. I think the people who like him are saying, he is a genius. This proves this, right? Because there are two very different opinions about this. I think the people who like him are saying he is a genius.
Starting point is 00:49:27 This proves it, right? You know, you can be as pissed as you want in him, but he fired everyone from Twitter and he's running it with a skeleton crew and it all works great. And, you know, he's showing all tech companies that you don't need these bloated rosters and you can do it without that.
Starting point is 00:49:45 And sometimes I'm like, oh yeah, maybe they're right. But then you're like, wait, but he's not, he's losing a bunch of money, advertisers are fleeing, he's not paying rent on Twitter offices, I'm pretty sure. It all seems like a fucking mess to me. Yeah, and I don't think that just because you are pissed off at the way something works doesn't mean that you Understand that business enough. I mean Twitter's been around for what like 15 years
Starting point is 00:50:13 10 more than that more than that more than 10 years. Mm-hmm something like that. I Think came out just cuz he thinks hey, I know how to know how to, I know what's wrong with it because the liberals keep banning, shadow banning my libertarian friends. I know how to make this website work. It's like, no, dude, there's so much more to it than you realize. And you're in over your head, dipshit. That's all I got to say about that. All right, what else we got? We got some fusion, this fusion energy thing everybody was really excited about, but. But you don't buy it.
Starting point is 00:50:52 Well, like everything, it's just gonna, yeah, like, okay, by the time I'm fucking 50, maybe they'll do it, maybe they'll actually have. That's probably right. They said it'll probably be at least a decade before they could actually implement it. Yeah. Well, that's good. But I know that they did it by like shooting lasers at a tiny little cylinder.
Starting point is 00:51:10 Fucking dorks. You absolutely nerd. I'd be lying if I said I understood it. I understood everyone was stoked about it. Mm-hmm. And then it's really you start reading it and they're like, and the isotopes and you're like, fuck you. Don't say fucking isotopes to me.
Starting point is 00:51:23 Yeah, don't say it to me. Don't fucking say isotopes. Say like're like, fuck you. Don't say fucking isotopes to me. Yeah, don't say it to me. Don't fucking say isotopes to me. Say like cluster of fucking cells you have. Did you just say isotope, motherfucker? Yeah. You know, I don't understand what that is. I don't know what that is, and I refuse to Google it. Some guy in the comments is writing right now.
Starting point is 00:51:38 Well, it's actually really understand. Easy to understand, a meal. Engineer here. Yeah. Engineer chiming in. And isotope is, so shut the fuck up. Don't chime in if you're an engineer. We know, we can Google it, but we're not gonna.
Starting point is 00:51:49 Also, you telling me I'd still go, okay, what is that mean? It's a really tiny thing. Smashed into another one. Now explain how the laser made the thing, I don't care. Just figure it out, you dorks. Yeah, do it faster.
Starting point is 00:52:01 Yeah, I will say. Yeah, if you guys are so smart, why't you get why it's gonna take 10 years asshole Why am I having a car with an internal combustion engine? Yeah, why am I not speeding off and fucking I Don't know what it is thermal energy. Yeah, I don't know. Jesus, great motherfucker. There's this guy on tiktok who claims to be Fusion energy I said thermal That was embarrassing Yeah, the engineers are gonna kill us. What do you really said this week or something dude? What's going on with you? I feel good. Hey, man. I'm worried about you. I feel great. Uh
Starting point is 00:52:36 There's this guy on TikTok who claims to be converting all kinds of Organic waste into like converting them to what like Christianity and all kinds of organic waste into like, converting them to what? Like Christianity? Hi, hydrogen fuel. Did I ever tell you about the time I could- I would say, I have to say, I do love that this was from a government,
Starting point is 00:52:55 like a government-funded scientist and not, you know. Elon Musk's. Right, it's not gonna be some bullshit tech startup that saves us, but I guarantee this will somehow get sold off to some corporation and even if it's limitless energy, we'll have to buy it from them. Yeah, BP will figure it's an arbitrary, well, 1000 megajoules of whatever sure could power whole city. But there's a lot of input costs. It is, wow. Have you heard the stat they keep throwing out is that, you know, just one whatever,
Starting point is 00:53:28 could power an entire house for 800 years or something? That's a weird metric. Why not tell me it could power 800 houses for a year or something? A could power one house. Take it up with the site. Or a millennia. You guys are so fucking stupid.
Starting point is 00:53:44 Take it up with the science. Yes, millennia. You guys are so fucking stupid. Take it up with the science. God damn. What the fuck? Oh Jesus Christ. Why don't you just print fusion coin and fund it your fucking selves. I'm so mad. Anyway, there's...
Starting point is 00:54:00 There's... There's other good news out there. Is there? Yeah, Moderna. Moderna, you know, the COVID conspirators who are injecting you with whatever the fuck they're injecting us with, they have a skin cancer, a melanoma vaccine
Starting point is 00:54:15 that's, I think, showed 44% efficacy in staving off melanoma. But only when combined with Merck, this other company, Merck's treatment thing. Do you want me to do an SNL joke for it? Sure. Can you go up to the headline? Moderna's mRNA skin cancer vaccine shows early promise in a new study.
Starting point is 00:54:38 When reached out to my Republican uncle, he said, I'd rather take my chances with skin cancer. That's very good. That's actually a sneak peek at a, at a new kind of segment. We're going to be trying in the new year. Was that good? Yeah. That was pretty good. You don't have a, you don't have studio eight H full of people gone. I thought that you were going to say something along the lines of, Oh, this week in news, Moderna's mRNA skin cancer vaccine shows early promise in a new study.
Starting point is 00:55:08 That's right, it promises to, I don't know, fucking inject you. I'm even not one. Well, yeah, I'm fucking improvising here. I'm trying to come up with something. Moderna's, it shows early promise. Yeah, they promise to. It promises to ruin your next Thanksgiving
Starting point is 00:55:23 when your uncle says that it turns you gay. Yeah. Sure, there you go. Yeah, how about that? Yeah, okay, to... Promises to ruin your next Thanksgiving when your uncle says that it turns you gay. Yeah. Sure, there you go. Yeah, how about that? Yeah, okay, let's try this with another headline. What other headlines do we have? Let's just do it. Oh, US lawmakers introduced Bill to ban TikTok.
Starting point is 00:55:38 US lawmakers introduced... I got one, I got one, I got one. I got one. Hey, so this week US lawmakers.S. lawmakers introduced a bill to ban TikTok, and the way they fucking let everybody know was through a TikTok dance. Yeah, nah, that's good. The dance, the dance works.
Starting point is 00:55:57 U.S. lawmakers introduced bill to ban TikTok. Your gay uncle's gonna stop doing dances on TikTok now. I got uncles on the brain. Yeah, yeah, wow, what's going on? Uh, you know I'm an uncle. Nice. I'm an uncle times four. I'm uncle Ben. Like the race.
Starting point is 00:56:17 Yeah, yeah, yeah. And then my brother Sam is uncle Sam. Like the guy, like the dad of the country country Who the fuck was Uncle Sam? It was like a bullshit propaganda thing. Yeah, but like who came up with that the madman of the 1700s? I was friends. It's got key Didn't he write the national anthem? Yeah, and Uncle Scott U.S. Lawmaker. Oh, yeah, okay. United States nicknamed Uncle Sam.
Starting point is 00:56:47 Your other uncle's wondering, oh, that was this guy. Yeah, oh, the September 7th, 1813. The United States gets his nickname Uncle Sam. The name is linked to Samuel Wilson, a meatpacker from Troy, New York, who's applied barrels of beef. That's the last thing I would expect to be in a barrel.
Starting point is 00:57:12 You don't get your beef barrel? No, dude. How long has this beef been barreled for? Well, Uncle Sam tells us it's been there for a year. Stamp the barrels with US for United States, but soldiers begin referring to the grab as Uncle Sam's. Interesting. Okay. Wait, let's try it. There's something there with the TikTok headline, right?
Starting point is 00:57:32 Come on. I feel like I nailed it with the uncle thing. Yeah. Introduce a bill to ban TikTok. I know that there are, I'm sure that there's all kinds of like formulas that they have. When asked for, when reached for comment, so and so. Well, you also like have to own the right wing, right? That's part of SNL. You like, you have to make it seem like Republicans are idiots and like if you, whatever. So I prefer the Nor McDonnell approach of just making some kind of weird dark joke. Oh, those are the
Starting point is 00:57:58 best ones. Yeah. That's the that's pinnacle of the weekend update. Yeah. He was the best. And Colin, Colin. Joe's? No, no. The other one, the old guy. Oh, Colin Quinn. Colin Quinn, he was great. I hated him as a kid, but now as an adult, I fucking love him.
Starting point is 00:58:14 Yeah. His delivery is so dry and so funny. Norma's still king. Hey, the US is gonna ban tech. Oh, you're going to work. I don't know. I haven't, I've never done Nor McDonnell. Yeah.
Starting point is 00:58:28 I wish they would ban. You know what else I, that's what he would do. He would say, you know what else I wish they'd ban? I don't know. And then he would say like, communist or something. What would, what would Nor McDonnell wish that they'd ban? I don't know. My annoyed my gay uncle.
Starting point is 00:58:48 My favorite thing is he got fired because he wouldn't he wouldn't stop making fun of OJ. That's why he got fired. Yeah, he wouldn't stop making fun of OJ. Yeah, there's big compilations of him doing OJ jokes. They're like 30 minutes long. Don't don't play it. Just, I don't know.
Starting point is 00:59:05 We won't. Can you Google it? So I believe you, I believe you. Man, he was a good looking guy. Flashback, norm McDonald roasts, OJ Simpson, Simpson after, yeah. Yeah. All right. Why not?
Starting point is 00:59:20 Are we allowed to play these? Yeah, not without you. Yeah, yeah. That's cool. And then he went on, he went on. Are we allowed to play these? Yeah, and I without you. Yeah, yeah. That's cool. And then he went on, he went on, he went on Letterman and he was just very, very funny. Yeah.
Starting point is 00:59:35 What else have we got? You want to do another, you got another headline in you? Well, we're, we're, we're approaching the end of the thing. So maybe, maybe US vegetable prices. Oh, this one you got one for? We can do something there. There's something there. Let's click that one.
Starting point is 00:59:50 So in the future, we would, we would, wait, I got one for the other one. Write these out. Okay, good, great. I love this. Come on, baby. Elon Musk has outfitted Twitter's headquarters with bedrooms for employees.
Starting point is 01:00:03 Ah, shit. It's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, bedrooms for employees. No word yet on if he's going to fucking outfit them with bathrooms. Something, something like there's, see the thing is that folks that were coming up with these just off the top of the dome, so they're not good is the thing. Yeah, they're pretty good. We're going to do that. It's easy to work at SNL.
Starting point is 01:00:41 Anyone can do it. You just gotta give it five minutes. We're not warmed up. We gotta think about plus your brain asking them to give at SNL. Anyone can do it. You just gotta give it five minutes. We're not warmed up. We gotta think about. Plus your brain... I was gonna give them to give us five minutes. Your brain has to, you gotta be in the head space of writing headlines like this.
Starting point is 01:00:55 So outfit, right? Elon Musk has outfit at Twitter's headquarters with bedrooms for employees. Yeah. So there's all sorts of... The male engineers left at the company are wondering which one he'll use to further procreate on the, you know what what you know he said he's like what you know
Starting point is 01:01:11 how he said he wants to make more baby yeah yeah he's worried about under population yeah well he fired everyone except for just a bunch of nerdy engineers yeah okay and so you know someone's worried about him trying to impact me at them. Look, I'm workshop, there's no bad ideas. Yeah, this is tough, man. I got a hand at to him every week. I do this, he's crazy. Elon Musk has outfitted.
Starting point is 01:01:34 There's something without fit. Also, they don't do it on the spot, you know? I know, of course. And they have a whole team of people doing, not us though, it's just up. But we could do it. Yeah, there's no one to save us. But we could do it not on the spot. No, I know, but it's just up. But we could do it. Here, there's no one to save us. But we could do it not on the spot.
Starting point is 01:01:46 No, I know, but we're just trying. We're gonna. Also, maybe we should just quit after the first one. No, no, no, no, no. I want to do the vegetable one. All right, give me the vegetable one. Okay, so here's a headline for you. I'm trying to buy time.
Starting point is 01:01:59 Well, I can't think you could agree. This is from, according to Bloomberg, US vegetable. You guys see this one, folks? US vegetable prices soar nearly 40% as water cuts crush supply. Uh, I'm trying to think of the vegetable everybody hates that they can't, that the price actually broke. Don't walk us through the process because nobody, yeah, but I don't know what's a vegetable everybody hates that they can't, that the price actually dropped. Don't walk us through the process, cause nobody, yeah, but I don't know
Starting point is 01:02:27 what's a vegetable everybody hates. Oh, oh, oh, when, there we go, he's got it. When asked for comment, a four year old said, there's, there's, yeah, there it is. When asked for comment, a local four year old said vegetables, gross.
Starting point is 01:02:43 There we go. So let me try it from the top. There we go. Hit it. All right. All right. So I'm going to switch camera. So I'm looking at this camera. But I'm going to cut this there. According to Bloomberg, US vegetable prices soared nearly 40% as water cuts crush supplies. When asked for comment, a local four year old said vegetables grows. Yeah, but you can't laugh at your own. That's what the studio audience is for.
Starting point is 01:03:07 Diff shit. You know, it's supposed to kill yourself. Shit. Oh, okay. Well, you know, what did we have any other ones in there? Yeah. I really think we're getting a little bit hidden. Something here really close.
Starting point is 01:03:19 Retail traders loose three. I got this one. Yeah. Yes. Yes. I got it. I got it. All right.
Starting point is 01:03:24 Come on. So I'm going to cut. Do I cut to this one. Yes, yes, yes, yes. I got it, I got it, all right, come on. Here we go. So I'm gonna cut, do I cut to this one? All right, retail trade, according to, fuck. All right. All right, retail traders lose $350 billion in brutal year for taking risks. And husbands everywhere across the country are explaining to their wives that,
Starting point is 01:03:46 it's gonna go up, I promise. You just gotta wait for the mo-ass. Something like that. That's so I'm thinking like along those lines, you get what I'm saying? But I kinda fucked it up because I then... It's alright. Retail traders lose $350 billion in brutal year
Starting point is 01:04:03 for taking risks. Ask for comment, Ben Khan said, that wasn't the only brutal thing about this year for me Damn dude. Yeah, thanks Taking yeah All right, give us one more give us one more I'm addicted to it now. Yeah, gas prices fall below. US labor market's still tight. There's something about tightness. Elon Musk hasn't paid rent on his office basis.
Starting point is 01:04:35 It's gotta be something there, there's gotta be something there. On that? Elon Musk not paying rent. Yeah. His ex-wife, something? Grimes. Rich people, they're just like us. God, S.T. The thing is we're doing it live Saturday night.
Starting point is 01:04:52 Well, a lot, okay, I see now that. So there's something, there's something that we could do with Elon Musk. There's gotta be a joke in there. I wish I had a pencil in my ear to give me that. Oh, you got it. Okay, yeah, no. I'm calculating the calculations.
Starting point is 01:05:09 There's something we could do leaning into his nefarious cutthroat businessman. See, this is what you do in the writers room. Yeah, I know, I know, that's why we're doing it. Imagine Colin Joost was doing this. We go, what the fuck? Hey, I gotta go home and bang Scarlett Johansson, my wife. There's something to him starting up child labor laws
Starting point is 01:05:30 Elon Musk rent Elon Musk's answer to to making Twitter profitable hiring child engineers their tiny hands can Get in the computers or something. I don't know their tiny hands can... getting the computers or something. I don't know. Man, we'll figure it out. We'll figure it out. That's my problem. Samuel Bankman free to accuse of making illegal campaign contributions.
Starting point is 01:05:52 When asked for comment, other investors said, wait, fuck. Man, I thought you had something there. No. See? Well, so, okay, okay. No, there is something there. No. Well, so okay, okay, no, there is something there. He's arrested and he's going to Bahameen jail. And according to his testimony, he's, he's, everything's
Starting point is 01:06:15 going to be fine because he's just invented a new coin called jail coin. That was it. Listen, so that's my promise to you. No, no, there's a really good one. What? I already did it with the steel drum sirens. When he said he heard the steel drum sirens of the Mahamean police coming for him, he knew it was over. Something like that.
Starting point is 01:06:41 There's something with the anxiety meds. Yeah, there's something about the patch. I don't know. We'll do it. It's gonna be great. Yeah, we'll do that in the new year. We're gonna work on it. Maybe I might even just wear a shirt and tie every single episode because I thought, you know, when I'm, I want to bring a modicum of professionalism to this. I don't see that, because I'm gonna have to do it. No, that's fine. You don't have to do anything you don't want to do. I'm like, I said, you're looking like a shrub. You don't look like a shr Shlub you look great. Oh wow. Can you believe he's always burping into the microphone? Jesus Christ see the way I kept my mouth closed tell him yeah, I tell him every week stop burping into the microphone
Starting point is 01:07:14 Well also there's there's been talk that we're doing a no-nut first quarter We can't confirm or deny the truth of a no-knut first quarter. It's not gonna happen. That's just not gonna happen. I can't do that. I can't do that. Guys, I would explode. We can't take jacking off away from him.
Starting point is 01:07:42 Nope, it's not. That about does it for the next episode of the show. Thank you. If you've stuck around for this long, this is where we cuss. Fuck shit. Fuck. We're going to do after hours. So sign up at TMG. TMG studios.tv.
Starting point is 01:08:02 And there you will find us. And we hope you do that because after hours is where the real stuff happens. That's where the real crimes occur. That's where we really pump penny stocks and give you the real financial advice that we can't do on the regular hours. Because putting it behind a paywall makes it legal. That's how it works. Just asks Steve. He can confirm. Just ask Gary Gensler. Ask Gary Gensler. Well, it's okay as long as people are paying for that. Just because then it's... It's not true. None of that is true.
Starting point is 01:08:34 But we do have lots of fun! And we hope you enjoyed the big kiss yesterday. And we wish you a blessed... Everything. yesterday and we wish you a blessed everything. Alright guys, have a nice holiday. We love you. We'll see you later, bye. This week on After Hours.
Starting point is 01:09:00 I love you. She describes how long it's been going to be the last person I kissed. Yeah. Yeah! What is the home depot slogan? Fuck you, you pussy. No Sign up on TMG Studios.tv to watch the full bonus episode Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha

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