The Wolf Of All Streets - Donald Trump $99 NFTs & SBF Arrest | Crypto Week In Review

Episode Date: December 16, 2022

Let's have a look at the biggest news in crypto this week! ►► JOIN THE FREE WOLF DEN NEWSLETTER https://www.getrevue.co/profile/TheWolfDen  GET UP TO A $8,000 BONUS IN USDT AND TRADE ALL SPOT PAIRS ON BITGET FOR ZERO FEES! ►► https://thewolfofallstreets.info/bitget   Follow Scott Melker: Twitter: https://twitter.com/scottmelker  Facebook: https://www.facebook.com/wolfofallstreets   Web: https://www.thewolfofallstreets.io  Spotify: https://spoti.fi/30N5FDe  Apple podcast: https://apple.co/3FASB2c  #Bitcoin #Crypto #Trading The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.

Guys, I have a huge announcement. I am putting out the biggest and best NFT collection in history from your favorite YouTuber of all time. Better than BitBoy. Probably better than Crypto Banter. You're going to see those soon. And we're also going to review all the news of the week. SBF in jail.

The Fed rate hikes. United States apparently just discovered a new form of energy through fusion. We've got a lot to talk about. And it's Friday, which means that I can be completely unhinged. Let's go. you just bought and smash the like button because I know that you bought all of those NFTs so that you could potentially go to dinner with Donald Trump. What is wrong with the simulation, folks? It is obviously broken because there is no way that we are actually living in reality. Now, first, before we get deep into this, we have a lot of news. We have a lot of

news, right? I mean, this is the week that SBF went to a rat-infested, maggot-infested, rape-fested, rape-fested? Rape-infested jail in the Bahamas. Don't understand how he allowed that to happen to himself. He got billions of dollars. Maybe go somewhere where you won't get arrested and put in the rat infested jail. But we'll talk about that later. Seemingly, everybody who are his close confidants is snitches right now. They're all snitching on him.

Kevin O'Leary is like maybe smoking crack. I don't understand. I like Kevin O'Leary, but I don't know what he's doing. And yeah, there's a lot going on. And obviously, we had the Fed rate hikes. But first, I want to talk about this. Donald Trump. Oh, that's not it. Hello, everyone. That's the wrong thing. We're going to watch that in a minute. We're not going to do that yet. Not doing that yet. I blew it. Blew it. Donald Trump's NFT collection sold out rakes in 4.45 million in just 12 hours now listen we were all making fun of this collection i mean can you imagine if we got

a collection of like george bush's shitty paintings or um bill clinton's cigar collection for example bill clinton loves cigars right you, this is a former United States president who is putting out a collection of NFTs that someone clearly licensed it. He made a video about it to make $4.45 million. But holy shit, he made $4.45 million in like 12 hours. In 12 hours. Shows the power that Donald Trump has.

Everyone thought this was fake. It was a deep fake. But he really posted this on his truth social. Made a website. Did a whole thing. If you guys haven't seen the website, here it is. I mean, that is really what Donald Trump looks like, right? It's perfect.

I mean, it's perfect. That's definitely like his figure. That's definitely his head. His head does not at all look too small for his body. Right. But this is his collection. Let's take a look. Miami dinner with Donald Trump. He's the sheriff in the Old West. Here he's some kind of strange astronaut that's in not in space. Here he's surrounded by gold exploding bars. And this one, it's just him playing golf. That's just him playing golf. It's this whole collection of Photoshop shit. And this one's just like me and my golf swing.

This one, you can get an individual Zoom call. He's also going to the moon with Dogecoin probably. Oh, here's where he's obviously like an NFL quarterback. This one, he's Ricky Bobby. Never know where to put my hands. Ricky Bobby. And this one, I think he's maybe a boxer. Boxer, right?

Would have been funny if he was WWE. And these all look exactly like him. I mean, he's spelt, he's jacked. We all know that, right? We all know that. And we all know that Donald Trump has forever been a huge fan of Bitcoin and cryptocurrency. I mean, here it is. I am not a fan of Bitcoin and other cryptocurrencies, which are not money and whose value is highly volatile and based on thin air. Unregulated crypto assets can facilitate unlawful behavior, including drug trade and other legal activities by my NFTs. Guys,

they're fucking awesome. Do you think that he knows that NFTs are crypto? Do we think that? I don't know. I don't know. But these sold out. These sold out. And some of the terms and conditions are hilarious. One of them's like, you get to come to a dinner, but we don't pay any of your expenses. Black tie is optional. And also you'll be in the room, but we're not sure where you'll sit. And maybe he won't be in the room. Yeah. Honestly, I should have bought some of these. We should have flipped them. I'd go in that group Zoom, Cheston, just for the opportunity to show up naked. Like imagine you show up naked to a party with Donald Trump on Zoom,

you know, or it's like dinner with Donald Trump on Zoom, you know? Or it's like dinner with Donald Trump and you just sit down and ask him some wild shit right before they kick you out. Get it on video. Get it on video. Right? But let's go ahead and now let's watch the video because it's so good. It's so powerful. Watch the video that he used to pitch these.

Oh, come on. Where's the sound, man? I'm blowing it right now. 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 feature some of the really incredible artwork pertaining to my life and my career. It's been very exciting. 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 I don't know if that's an amazing prize but it's what we have or 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 a one-on-one meeting autograph memorabil and memorabilia, and so much more. We're doing a lot. My official Trump digital trading cards are $99, which doesn't sound like very much

for what you're getting. Buy one and you will join a very exclusive community. It's my community. And I think it's something you're going to like and you're going to like it a lot. They also make perfect gifts. So you can buy them with your credit card or crypto. All you need is an email address.

Go to collecttrumpcards.com and buy your Trump digital trading cards right now before they are all gone. And they will be gone. This is my first official Trump trading card NFT collection. 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. No purchase necessary. Voidware prohibited. What the fuck did we just watch? That's not a deep fake. That's real. Everybody, it's me, your favorite president.

Better than Lincoln. Better than Washington. Better than Sling-Sington. You know, Sling-Sington. Guy everybody loves. That shit is real. But like, but like, I feel like I could sell an NFT collection. You know? You know?

You know? Like, why not me? You guys want to do a Zoom call with me? Do you guys want to come have dinner with me? I'm not sure if that's a good prize, but it's pretty good. I'll sell them for $99 each. I think that's a low price for all the things that you get. People don't believe it's real.

It's real. It is real. This is real. So guys, Mike and I, if you're wondering why I was a few minutes late, we decided that we were going to make my own high quality, my own high quality NFT collection. And if you, they're based like him on my story and my life and all the epic things that i've done in the past so i want to share this nft collection with you if you buy this one if you buy this one right here let's blow it up it's not big enough oh i didn't blow it up right did i can we blow that up look at that if you buy this one, then you can come to my next party where I'm performing.

Yeah. This is an NFT. That's me. That's me. That's what I look like, in case you guys were wondering where the Channing Tatum got his body for Magic Mike. It was me, Magic Melker. Yeah, and that's not even the whole collection. You guys would think that that's all we've got,

but I've got a whole collection. How about this one? That's me. You can see I'm doing the arm right here. And if you don't like that one, then we should do this one. Right? Those are my moves.

And if you buy this, you can fly right down to Florida, just like you can to Trump. And you can have dinner with me, but terms and conditions, you have to pay your own way. I might not actually be at dinner and these NFTs might not actually be. Yeah, man. Yeah. Yeah. Dinner with a lying, cheating fraud. I'll pass. I never lied and cheated, man. You're not talking about me. You're talking about him. Oh, anyways, guys, this is my NFT collection. They're going to be huge. Those are my body. That's my face. That's actually me. These are pictures from my great career, right? These are pictures from my great career. Listen,

yesterday I was just having fun with ChatGBT, you know know the AI, right? Let's type in one. Write a hilarious tweet thread about Donald Trump NFTs. See what it's got. Come on, hit me with it. ChadGBT's going slow today, huh? ChadGBT knew that we were going to be live. It's going to do it eventually. Chad GBT is just like, oh, not programmed. Oh, come on. It's not meant to be. Okay, right. It did it yesterday. Tweet thread about Donald Trump NFTs. Maybe if we say funny,

it'll do it. Anyways, it was trolling the hell out of him yesterday on chat. GBT. Apparently, chat GBT now is getting politicized and won't do it. It's very disappointing because, yeah, as Jason Milonik. What up? Oh, here you go. Can't say breaking news. Donald Trump is releasing a line of NFTs featuring some of his most memorable moments.

First up, I grabbed them by the pussy audio clip moments. First up, the I Grabbed Them by the Pussy audio clip NFT. Number two, but that's not all. For the low, low price of 10 ETH, you can own the Mexican Rapist Speech NFT, a true collector's item. Honestly, guys, this is hitting way harder than yesterday. But the real must-have for any Trump fan is the I Lost the Election NFT. This one-of-a-kind item includes a bonus animated gif of trump sulking on the white house lawn but wait there's more if you act now you'll get the i was impeached twice nft for free with your purchase what a deal don't miss out on this once in a lifetime opportunity to own a piece of history order your trump nfts now before they're all gone yesterday it did one about uh funding the wall wow that was i didn't expect i grabbed by by the pussy audio clip NFT to be quite honest.

I didn't expect that one to hit. That one hit, that one just, Mexican rapist speech NFT. Wow. Chat TPT, not messing around. Should we go on to some other news guys? Have we talked about this enough or do you guys want to take a gander at my abs? Bitcoin Ether slip as audit firm Mazers Mazers Mazers. Nobody knows how to say that word, but it's provocative. Pauses work for crypto clients. S&P futures drop. Yeah.

Don't know if you guys saw this, but everything was bullish. And then Jerome Powell opened his fat Grinch mouth and ruined Christmas for everybody. Markets have all been dumping ever since. People now saying that they think Bitcoin and Ether are dumping because of mazes. But in reality, it looks like everything's just kind of dumping together all at the same time. Really not that great. But yeah, if you guys missed this, we've been talking about proof of reserves, of course, and finance put out their proof of reserves. They had it audited by this massive French firm, Mazers, Mazers, Mazers, right? And well, now Mazers has got a lot of shit for that. They were like, this isn't really an audit. Even though we are an auditing firm,

we didn't really look at everything. We just looked at the stuff they shared and whatever. Well, they got so much heat that now the accountant that vetted Binance's reserves halts all crypto work. They were like, yeah, fuck that. They had crypto.com, Binance, and crypto firms claim unable to sign deals with big four firms. Not only that, though, there have been reports that Binance had tweeted. Binance had tweeted, if you want to see the whole report, click here. Well, now if you click there, that website is gone. Not only is the audit gone,

the entire website for this company doing crypto audits, gone. Gone. There, veritas.mazars.com. Let's see what happens. Shit. There you go. There you go. Website is gone.

That's the website where they had this. That's the website where they had this. That's the website where they were doing it. So a lot of people saying that that's why we saw the dump overnight. I know that Alex Kruger, you guys seen the show, said overnight crypto dump courtesy of Mazars and Binance worries trader and analyst Alex Kruger tweeted. Yeah. So I guess people weren't very reassured by the proof of reserves. And this company was like, no, man, we're not going down with this crypto ship. Like our four thousand seven hundred ninety two year reputation as the greatest accounting firm in France, not going to let it be ruined by finance. So we all know that this proof of reserves thing,

although seemingly a positive step in the right direction for us to get some clarity, is not giving us much clarity. And in this environment is probably causing more FUD than it's worth. That's worth, unfortunately. Yeah. And then moving on, that has continued to show in the mass exodus of coins and money out of finance. Of course, earlier this week, we talked about the fact that finance had halted USDC withdrawals. I had Dante Disparte from Circle here to talk about that. We talked about it with Mike Alfred.

We talked about Raul Paul. We talked about Lex Sokolin. Have you guys seen the list of guests that I've had in the last eight days? Plan B, Arthur Hayes, Raul Paul, Mike Alfred. How are only 247 of you here? Shouldn't show up for me, show up for my guests. But my God, Binance still seeing a massive outflow, 902 million in the past 24 hours. They've had days that have been billions of late. Clearly, the market is spooked, and people are embracing the not your keys, not your coins ethos, or at least just trying to get out of the way of this freight train of exchange collapses. Now, I don't believe

particularly that Binance is going to collapse. They have 30, 40 billion in reserves. That is definitely proven sitting in a wallet. But still, like at this point, as Raoul Paul and I both said yesterday, I believe that exchanges are important. We need them. Nothing wrong with using an exchange as you're on an off ramp and for trading. Get the rest of your shit off of them. I will continue to promote exchanges that I like and take them as sponsors because if you use them correctly, you need to be able to trade and you need an on and off ramp. But otherwise, get your coins off. It's not your bank.

It's not your custodian. Don't do it. So Binance still seeing a massive, massive outflow of coins. Criminal charges against Binance. Well, this is all talking about stuff from like three years ago and was being reported as new news. Not really a thing. And the other thing I wrote about a newsletter report about it today.

Yeah, there's a chance that Binance is going to owe a $2.1 billion clawback to FTX. Now, nobody knows if that will happen. Nobody knows if that will happen. But there is a potential that in this bankruptcy proceeding and trying to get money back for creditors that the money that went over to Binance from FTX in the buyout could be clawed back. I don't think that'll happen, but it's being reported. And if you didn't get enough of this billionaire in CZ and Binance, I'm not talking any smack against Binance, honestly, just reporting the news. And this could be all unobstantiated, very hard to know. But anyways, we all saw this, right? FTX, Sam Bankman Freed is arrested in the Bahamas. Like what the hell, man? There is, in my mind, in my mind,

there is no way that Sam Bankman Freed actually believed that he was going to be arrested. The fact that he stayed in the Bahamas where they have extradition, first of all, they only have one prison in the Bahamas. He definitely Googled like, what's prison like in the Bahamas where I am domiciled? Right. Top five country for financial regulation, bottom five for prisons. Right. You definitely Googled that. So in his mind, there was a 0% chance bordering at a negative chance that he was going to go to jail, right? Because otherwise, why wouldn't he have just gotten on a flight to literally anyone else? I mean, every dumb ass 30-year-old billionaire that's gotten in trouble so far has found a new country to go to. Right. But actually, it makes me think that

like he's so narcissistic or maybe like one of those just like idiot geniuses. They're like he just was like, fuck my lawyers, I'm going to go on Twitter spaces and completely incriminate myself and tell everybody a bunch of illegal shit that I did. I think he really, truly at this point bought into his own bullshit. I really do. I really do. I don't think he thought there was any chance he was going to get arrested. I don't think he believed that he had done anything wrong. I think maybe he really thinks that he like did an accounting error and what he did was completely fine. And like, what's the big deal, guys? I just sent it over. And like the QuickBooks, the Excel spreadsheet, right? But now his ass is sitting in a Bahamian prison and he has the choice.

Should I like go get extradited and go away forever in the United States? Or should I sit here for a couple of months and see what Bahamian justice has for me? But if you guys haven't read about this prison, and I hate to use the New York Post, but it seems to be the right place for this. There it is. Look at that, Chad. Cherub.

Sam Bankman frees Bahamas jail infested by rats and maggots not fit for humanity. Inmates remove human waste by bucket, the government report noted. Some inmates develop bed sores from lying on bare ground. Reports that have harsh conditions from overcrowding, poor nutrition, inadequate sanitation, and inadequate medical care. Sanitation was a general problem and cells were infested with rats, maggots, and insects.

Dogs don't deserve to live in the state that maximum security is in. Boy, you don't even know it is not fit for humanity. Fox Hill prison is so bad. In fact, some inmates have begged to be extradited to the U.S. just to escape it. He has that option right now, has that option right now. And it also says that guys in this prison would like tie themselves to the bars so they didn't have to go to the shower ever. Shower literally never because it's better than rape.

Man, honestly, I don't think any human being deserves this. I'm gonna go out on a limb. Like I have no love for this dude, but this is fucked up. Fucked up. Oh, wow. Now we're getting someone's boobs. Someone's boobs.

Did you guys see that? I don't even know. Is that Katy Perry? Is that Elle McPherson? I don't know. I'm 49 years old. Who's that? Anyways, let's move on.

Sam Bankman Freed's family reportedly called prison to request vegan meals. Because, guys, if you haven't taken a look at what the conditions were just like in that prison and described how little fucks the Bahamian government gives about the prisoners. This is the only prison. All he had to do was Google it and say, this is the prison. His family thinks they're going to get some vegan meals in there. You also might've heard, there was a couple of other reports that were crazy from his hearing. One of them that was wild was that he was like, I need my medication, which was for depression, sadly. And they were like, he needs water. They were said, do you need water to take it? He said,

no, I need to take my shirt off because it's a patch. And they let him in the judge were like, he needs water. They were said, do you need water to take it? He said, no, I need to take my shirt off because it's a patch. And they let him in. The judge was like, you can't take your shirt off in court. And they let him go in another room and put the patch on. He took his shirt off, put the patch on, came back. And then he said, I believe it was that he needed 10 milligrams of Adderall every four hours. Bro, that's a lot of Adderall. Yeah. Yeah.

Yeah. As a rational said, get your hot rats on the stick. I mean, there was no way that he thought he was going to this prison in the Bahamas. And how did he end up there? Well, sounds like snitches aren't going to get stitches in this case. And that basically it was all his homies turned rats. I've seen this movie a thousand times, a thousand times. Ryan Salome, who, by the way, was given all the money to Republicans, if you were worried about SBF giving too much Democrats. Yeah, Bahamian officials

say Salome pointed to Sam Banker for the other FTX leaders. Two days before FTX went out of business, declared bankruptcy, apparently this dude called up the Bahamians like, hey, y'all, I got a tip. All the money from FTX is going to Alameda. You heard it here first. My name's Ryan Salome, but I'm anonymous, bitch. I'm out, right? And everybody saw what was coming, saw the writing on the wall,

and they're trying to cover their own asses. As is tradition. Right. But these are like his homies, his down from day ones. Right. Ryan Salome is his side piece to Carolyn Ellison. Right. And if you think that the girl that was like reportedly his girlfriend and like they had super like passionate orgy sex. Well, reports suggest Carolyn Ellison is working with feds and snitching on FTX co-founder Bankman Freed. She disappeared. She in the Bahamas. She was smart enough to get the fuck out of there. Clearly cutting herself a deal and telling them all what's up. You got to throw someone under the bus before they can pick you up

and put you under the bus. Kato Azul has corrected me. It's Ryan Salami, Scott. Yeah, well, Ryan Salami is not getting dealt with in jail and SBF's cucumber is right. So yeah, she's selling them out. She's up in, up, uh, up in there singing like a bird, but there is a quote from this article that I am not sure how this got past the editors, but I posted it on Twitter. I'm not kidding. I posted it on Twitter and said, I'm not immature. I haven't here. I haven't said I'm not that immature, but LOL. And I literally got a warning for sensitive contact for content from Twitter, which by the way, Twitter is, uh, I don't know if you guys are buying the bullshit free speech narrative, but Twitter is way worse than it was before. Everything I post now gets flagged. Are you sure you want to do that? Might get banned. Seriously. But here.

She would have among the greatest incentives to cooperate, as it was seemingly likely that in his effort to exculpate himself, Bankman Freed would try to finger her. Okay. Okay. First of all, every time I try to exculpate myself, I try to do it privately. But yeah, I mean, the sex must have been really, really bad if she had to rat on him just to avoid being fingered. How bad? I can't believe that this went into print. How many editors did this get past? I'm going to read it for you again. She would have among the greatest incentives to cooperate as

it was seemingly likely that in his effort to exculpate himself, Bankman-Fried would try to finger her. Sorry for being, let me see if I read, it was flagged for sensitive content. I want to see if I, if it'll give me the warning again, if I refresh it. No, it didn't. But yeah, and I had to like, I had to literally go in and like appeal that this was not sensitive content that could get me banned from Twitter. And you guys may not have seen, Mike's pulling up an article right here.

Talking about getting banned from Twitter. What do we got? This article, where is it? Here's the article. Says must disable Twitter spacers after class with journalists. Banned journalists were able to join a spaces critical of Musk. Twitter owner has gone back on his free speech absolutism. Elon Musk said, if you dox anyone's location because his location got doxed, I'm going to kick you off Twitter. Right. And then a bunch of left leaning journalists, including Aaron Ruppar, I believe is his name, who was like one of the most like award winning journalists, kicked off like three or four of them yesterday, just suspended their accounts. And now he's just disabling Twitter spaces when he doesn't like what he hears. Oh, no, man.

Doesn't seem like the speech is too free, but maybe I should shut my fat mouth before I get kicked off because this got flagged. And I had another one that had mentioned must that also got flagged. Ched's response to this, my God, not my most proud fap. Not my most proud fap. Right. Listen, we've got all these people. Not my most proud fap. Not my most proud fap. Right? Listen, we've got all these people, all these people selling out Sam Bankman Freed, and then there's this one guy who's like, nah, that's my dog.

That's my dog. Can you guys guess who it is? Can you guess who it is? Here you go. FTX failed. I have an opinion. I don't have the records. guess who it is can you get it guess who it is here you go fdx failed i have an opinion i don't have the records here it is these two behemoths that own the unregulated market together and grow these incredible businesses in terms of growth move kevin we're at war with each other and one put the other out of business intentionally.

Now, maybe there's nothing wrong with that. Maybe there's nothing wrong with love and war. But finance is a massive, unregulated, global monopoly now. They put FTX out of business. Bro, we all know I've got a little thing with Kevin O'Leary. I've had him on many, many times. He's got his cool talking points. He's a shark. He's on TV. But man, what the fuck are you doing at this point? Come on, man. Okay, we know that he got paid $15 million to be a spokesperson for FTX.

I was on Twitter spaces yesterday with Mario Noffel and Ran and Ran from Crypto Banter, who, you know, I love. We're friends, you know. Ran said, hey, maybe like they paid him $15 million. And he's afraid right now that if he doesn't contractually continue to support FTX, he could be sued. But I don't think you can get sued by a company that's in bankruptcy and is being hit for fraud. My feeling here is that this is some weird Stockholm syndrome, cognitive dissonance, and Kevin O'Leary just can't admit that he was so wrong in trusting and partnering with SBF. But if you listen to the rest of that Senate hearing, you would have heard Kevin O'Leary explaining what happened, the process with Binance and FTT tokens.

But he continued to very wisely say, in my conversation with SBF, SBF said this, and then SBF assured me. So none of it was really him, right? He was saying, this is what SBF said. These are SBF's thoughts. So either like he's just trying to like make an excuse or get out of the way or blame someone, but it seems like his best route here would just be to go, I don't know, full Tom Brady, right? Go full Tom Brady and just like get rid of the laser eyes and pretend it never happened. I mean, Shaquille O'Neal like tweeted or something. He was like, I was just a paid spokesperson. I'm out. And that was it. Enough, right? Listen, like 90%

of influencers and YouTube shows and podcasts, and this is not a criticism. I had SBF on here like seven times. They never paid me, but I had an SDdf on so many times but everybody got money from sbf i didn't i didn't the block right i mean everybody everybody got money from sbf ftx sponsored everything you can't be ashamed if they're sponsoring the arena in miami you're probably like yeah if they want to sponsor my like youtube show or my podcast, my newsletter or something, not mine, but I was sponsored by Voyager, y'all. Right? You would say, yeah, I'll take SBF's money. That dude's awesome. He wasn't, right? But Kevin O'Leary needs to just step out of the way of this moving train. He didn't have to go to a Senate hearing in the first place. Is his ego so large that he would rather show up and look like an asshole than not show up because he had the opportunity.

Oh, I sat on the floor at the Senate. I'm just fucking awesome. I don't really get it. I don't really, I don't really understand. As Alberto Balsam says, FTX sponsored everything with customers funds.

Woo. That's the problem. It's like, I tweeted something about this this week, but like the narrative that SBF was worth something and lost everything makes my fucking brain hurt because he never had anything. He stole a shit ton of money and then spent that money. Right. He was worth nothing.

All he had was because Alameda was just losing money. Yeah, I don't really understand. I don't really understand. That was your money. That was just losing money. Yeah. I don't really understand. I don't really understand. That was your money. That was everybody's money, right? And listen, we don't only have crypto to talk about this week. Oh, wait, didn't I have a video of FTX of him getting arrested? I think the arrest video might be here.

I mean, if you guys saw this perp walk, it's pretty crazy. No, that's not it. Come on. Whatever. Whatever. I'm going to go guys saw this perp walk, it's pretty crazy. No, that's not it. Come on. Whatever. Whatever. I'm going to go on to this news. But first, I'm going to show you. This is going to be really low res, though.

I had a higher bit res. But yeah, I mean, did you guys see it? Like that? Yeah, right there. He's perp walking. This is when he got arrested. Shit's crazy, man. Squad out there.

He never thought that shit was going to happen. There is no way he ever believed that shit was going to happen. No way. Absolutely no way. Anyways, let's keep moving on. What do we got? Fed's high inflation forecast baffles Wall Street after soft CPI. Maybe soft CPI was afraid it was going to get fingered for SPF's crimes.

Extremely strong December numbers implicit in new projection. Officials may not have updated numbers after Tuesday's CPI data. Yeah, there's a lot of confusion right now, you guys. We're doing the weekend review. We've already talked about this. But the fact is, the Fed did exactly what everyone expected. They raised 50 bips, 50 basis points, and will probably slow those raises going into the next year. So why didn't markets pump? Well, because they

basically said, we're going to raise for a little longer with a higher target. So even though we got the raise we wanted and raises will be decreasing and inflation is going down, they basically said we might raise higher than a 5% total target rate, which means we might have to raise more next year. But if you're thinking about it, there's really not that big a deal. We're already over 4%. If they're going to 5% or slightly over, that means you get a couple of 0.25s and we keep it moving. Right? But it's important to remember, markets don't react to the facts. They react to what is announced versus what the expectation was. So even though we got the 50 basis points, the expectation was that it would top out at like 5%.

There would only be like two more raises. Now, if there's going to be three or four more, that's what the market reacted to. And that's why everything went down. And that's why Bitcoin is currently trading at $17,009. We could talk this to death, but there was also this. The quarterly projections showed Fed officials now expect so-called core inflation, which is what happened to Sam Bacon's belly over the last two years. He was skinny. Weird.

Core inflation. Which excludes food and energy to end this year around 4.8%, up from the 4.5% figure they forecast in September. Yet that number looks much too high to Wall Street economists following a surprisingly soft labor department release on Consumer Prices Tuesday. Right? So basically, nobody knows what the fuck is happening with inflation. Depends on which metric you look at,

but shit is not as good as people are hoping. Core inflation. When you eat too much fried chicken and you forget to do your crunches and your cardio. And I feel like last week I had some, we had a pretty good time here. Should have cut some of those clips up, but there's been some moments in this one. Like I'm still, just read it read it read it

she would have among the greatest incentives to cooperate as it was seemingly likely this effort to exculpate himself sam bateman free would try to finger her do you think he exculpates himself while playing league of league of legends or do you think that he does it like in the bathroom i don't know but there's some big news this week as well right here. You guys missed it. U.S. says scientists make breakthrough in nuclear fusion energy. Laboratory in California records reaction with net energy gain, which is what you get when you exculpate yourself.

You get net energy gain. Milestone still just a small step in clean power development. Now, I'm not a scientist, but this is a pretty big deal. Nuclear energy generally is created through fission. You guys might know that if you ever took fizznix. That's what we called it in my high school, fizznix. Fission is made by splitting atoms. Fusion, totally different. This has been sort of the holy grail of energy forever, but the problem is it takes so much energy to even try to create fusion that they've never been able to do it. But this time they were able to do it. They used a bunch

of lasers, not from people's eyes, right? And produced 2.5 megajoules of energy. And it only took 2.1 megajoules to power the lasers. This is like billions of dollars from Bezos, Bill Gates, Peter Thiel to make this happen. But this is the future. This is like billions of dollars from bezos bill gates peter teal to make this happen but this is the future this is it they made the breakthrough they made this is a zero to one moment for clean energy and we're still reading reports about uh sam bagman feed trying to oh x will hate himself while fingering Now, I may have mentioned to you guys, I might be gone Monday through Thursday. This is my last stream for a week. A few reasons.

A, kids don't have school. B, going to be skiing. C, review the newsletter platform that I use has been canceled by Elon Musk because it was owned by Twitter. And therefore, I need to find a whole new damn way to do my newsletter. So annoying, man. Freaking lasers, says Crypto Lee. No streams for a week sounds painful.

Yeah, well, that's why you need to exculpate yourself, Jeff. Joe Bob's mad. Joe Bob's like, guys, that's why you need to exculpate yourself, Jeff. Joe Bob's mad. Joe Bob's like, guys, it's the holidays. Who are you calling a male chimp? My pronouns are they chimp, not male. Maybe move to Substack, but

it's really not ideal with the composer because of the way that I have to use my charts and stuff. I don't know, man. I don't know. Should we watch the Trump video again? Should we watch the Trump video again? Let's do it. Let's watch the Trump video again. 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.

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Because that's me. That's what my body looks like all the time. That's me. That's my body all the time. So I just encourage you guys collect milk NFTs dot clown penis dot fart That's me. That's my body all the time. I just encourage you guys, collectmilknfts.clownpenis.fart. You can go there. Probably buy my NFT collection. It's going to be amazing.

Guys, I'll see you basically in a week. This has been so fun. Go exculpate yourself and try not to finger anyone. Peace. so go exculpate yourself and try not to finger anyone peace