Timcast IRL - Tim Pool - Timcast IRL - US Food Infrastructure HACKED, Meat Shortages Worsen, Economy In CHAOS w-Matt Kohrs

00:00:00.000 All right.

00:00:25.000 So it's been I don't know how many weeks since the last major piece of critical infrastructure

00:00:30.000 was held hostage by, so they say, Russian hackers.

00:00:34.000 And then the company paid the ransom within a few hours.

00:00:37.000 And it still led to this massive oil pipeline, the largest pipeline being shut down, which

00:00:41.000 resulted in people panic buying gas and there being gas shortages across the East Coast.

00:00:47.000 And now the largest meat processing company, I believe in the world, with 23% of all US beef production and 20% of pork production has just shuttered all of its plants due to a cyber attack.

00:01:02.000 More ransomware!

00:01:03.000 I'm beginning to wonder if this is actually ransomware, if they're specifically targeting critical infrastructure.

00:01:08.000 Now, early on, this company or hacker group, whatever you want to call it, DarkSide, said, you know, ooh, it was a mistake.

00:01:14.000 We didn't want to disrupt society.

00:01:15.000 So we'll choose our clients better next time.

00:01:17.000 And now here we go again.

00:01:19.000 Is it a different organization?

00:01:20.000 Well, they're saying it's Russia again.

00:01:22.000 So at the very least, we're being attacked.

00:01:25.000 Our critical infrastructure is being attacked.

00:01:26.000 And now we're hearing the White House is scared there's going to be a meat shortage.

00:01:30.000 Which is funny, because there already is.

00:01:33.000 The prices of meat has already skyrocketed.

00:01:34.000 There's already, you guys have seen my Instagram where I post where the guy says I can't sell beef, the price is too high.

00:01:39.000 So this is just gonna make things worse.

00:01:41.000 It's a bit chaotic right now.

00:01:43.000 And on top of that, you get the mainstream media saying, like, everything's A-OK.

00:01:46.000 The economy is doing better than ever.

00:01:48.000 And at the same time, Joe Biden's printing trillions.

00:01:51.000 Economists are warning the dollars on the verge of collapse.

00:01:53.000 People have become millionaires by buying fake money.

00:01:55.000 And people are now, interestingly, engaging in what we would refer to as kind of like an Occupy 2.0, a digital Occupy Wall Street, where people are sticking it to the hedge funds, buying up these stocks.

00:02:07.000 They tried short selling.

00:02:08.000 Which is, well, in some ways rescuing these companies, making a lot of people rich for a silly reason, but screwing over a lot of the wealthy elites.

00:02:16.000 So it's kind of like a class war is happening on top of an actual war or something.

00:02:21.000 I don't know.

00:02:22.000 But we're going to talk all about it.

00:02:23.000 And joining us to help us understand the financial aspects of it, we've got financial YouTuber Matt Kors, who's hanging out.

00:02:29.000 I really appreciate being here.

00:02:30.000 I think we have an awesome discussion tonight.

00:02:32.000 You want to do like a quick, you know, short introduction of who you are, what you do?

00:02:34.000 Yeah, awesome.

00:02:35.000 So for those of you who don't know me, name Matt Kors, I'm on YouTube.

00:02:39.000 Just talk about a lot about stocks, options, crypto, just kind of what's going on in the market.

00:02:43.000 And recently, the hot topic has obviously been AMC.

00:02:47.000 And it's very, very similar to the storyline of what we saw in GameStop back at the end of January, early February.

00:02:53.000 And even today, right now, we were just talking about it, of how much it ran today, and then in after hours, it's up almost another 20%.

00:03:00.000 These are Black Swan events back to back.

00:03:03.000 Like, this is statistically more rare than just lightning striking over and over again.

00:03:09.000 I think it's a new kind of, some kind of conflict, some kind of warfare.

00:03:12.000 I mean, people might just think it's funny to buy a stock, but it's really upending the system, you know?

00:03:17.000 I will say, full disclosure, I do have AMC stock.

00:03:21.000 I bought a small amount earlier just because, so most people know I'm friends with Cassandra, and she's been tweeting like crazy, and I'm like, you know, like Fast 9 is coming out, and everybody knows the FFCU is way better than the MCU by like several quarters of a magnitude, so I'm excited for the movies, and I was like, I think movies make sense to invest in, but we're gonna be talking about AMC stock.

00:03:41.000 It's skyrocketing.

00:03:42.000 I mean, it was like three bucks, what, months ago?

00:03:45.000 Yeah.

00:03:45.000 I mean, at one point, like sub five, it's just been on the craziest run and back in 2020, got that low, like at the end of it.

00:03:51.000 So it's come a far way.

00:03:53.000 I mean, from Monday until this moment, it's probably up close to 200% from Monday until now, a little bit over a week.

00:04:01.000 We have art on the wall from this guy, George Alexopoulos, and one of his comics is this, like, grandpa being like, I don't have a lot to leave you, son, you know, I don't have that much money, and he goes, I just became a millionaire buying fake money!

00:04:12.000 I'm like, there's something wrong with the economy right now, and it's not just the fact that people become millionaires off crypto and stocks in these weird moments, but, I mean, our infrastructure's under attack, Joe Biden's printing money like crazy, there was a house that sold, WAPO reported this, a million dollars over asking price.

00:04:28.000 And it's huge news because people are panicking to get out of the dollar.

00:04:32.000 Rich people are like, I'll take it, I don't care.

00:04:35.000 So we'll get into all this.

00:04:36.000 It's going to be a crazy discussion about the economy.

00:04:38.000 We got Ian Eastchild.

00:04:39.000 Hello, everyone.

00:04:40.000 I've got a crystal ball.

00:04:40.000 Ian Carlson here.

00:04:41.000 I don't know if it's in frame.

00:04:42.000 It's the top part of it.

00:04:42.000 A little bit.

00:04:43.000 I'm glad you're here, Matt.

00:04:44.000 Thanks for coming, man.

00:04:45.000 What's your YouTube channel, by the way?

00:04:45.000 It's going to be awesome.

00:04:47.000 Just Matt Kors.

00:04:48.000 Very good.

00:04:49.000 Super cool.

00:04:49.000 Simple.

00:04:50.000 I'm really excited to have this conversation with Matt, because as you guys all know, this is not really something that I'm well in tune with, and he's a great explainer.

00:04:50.000 Love it.

00:04:57.000 So good conversation.

00:04:59.000 But before we get started, head over to TimCast.com.

00:05:02.000 Become a member by clicking this big old Members Only button.

00:05:05.000 We have Stripe and PayPal as options.

00:05:06.000 You can sign up and click the Members area, and there are exclusive segments from the Tim Gassero podcast.

00:05:12.000 And last night, Matt Brainerd was actually here.

00:05:15.000 That was Joe Kent, but Matt Brainerd was actually here.

00:05:15.000 He wasn't on the main show.

00:05:18.000 He gives an update on what's going on with these audits in Arizona and New Hampshire, and I can only tell you this.

00:05:23.000 We're not allowed to say what he said on YouTube.

00:05:25.000 No joke.

00:05:26.000 It's a bannable offense.

00:05:27.000 And there's some pretty interesting things he said, so that's what TimCast.com exists for, so that we can have those conversations outside of YouTube's censorship.

00:05:36.000 And he said some pretty interesting stuff.

00:05:38.000 It's not going to break.

00:05:39.000 It's not shattering the news cycle.

00:05:41.000 It wasn't the apocalyptic.

00:05:42.000 It was just like, hey, here's something that's happening.

00:05:44.000 It's really interesting.

00:05:45.000 We don't have a big marketing budget.

00:05:46.000 We're not like CNN.

00:05:47.000 That's interesting and you know, YouTube is like, we'll ban you if you dare talk about it.

00:05:50.000 So go to TimGuys.com, become a member.

00:05:51.000 But if you, if you really do want to help out, you can like this video, subscribe to this channel and share the show

00:05:58.000 We don't have a big marketing budget.

00:05:58.000 with your friends.

00:06:00.000 They get propped up by YouTube, which gives them the equivalent of probably hundreds of millions of advertising

00:06:00.000 We're not like CNN.

00:06:05.000 revenue just for free because they're authoritative.

00:06:07.000 Well, if we're going to compete with that, here's what we do.

00:06:09.000 You guys who are watching, smash the like button, seriously, and then share the show, be it the podcast or the YouTube link, take the URL, post it on Facebook, Twitter, wherever you can, and tell people to give it a listen, because we're going to be talking about stuff that is, I mean, well, we'll probably be a bit partisan, as we usually, you know, we're not big fans of the establishment, which includes Republicans, but mostly Democrats, but we're going to be talking a lot about the financial markets and how it's screwing everybody over, and I think everyone can get behind that.

00:06:34.000 Share this video!

00:06:35.000 But first, we gotta talk about this big breaking news.

00:06:37.000 Check out this story we got from Yahoo Finance.

00:06:40.000 All of JBS's U.S.

00:06:42.000 beef plants were forced shut by cyber attack.

00:06:46.000 Let's go for the quick bit here.

00:06:48.000 They say a cyber attack on JBSSA, the largest meat producer globally, forced the shutdown of all its U.S.

00:06:55.000 beef plants, wiping out output from facilities that supply almost a quarter of America's supplies.

00:07:02.000 Of America's beef.

00:07:03.000 When they say supplies.

00:07:04.000 All the companies fed beef and regional beef plants were forced to shutter, and all other JBS meatpacking facilities in the country experienced some level of disruptions to operations.

00:07:13.000 Now this means pork as well.

00:07:15.000 According to an official with the United Food and Commercial Workers International Union, JBS did not immediately respond to a request for comment.

00:07:23.000 And I also want to point out, you know most people don't know this, there's a chicken shortage.

00:07:27.000 Did you hear that?

00:07:28.000 So now there's a double shortage of like just all types of meat?

00:07:31.000 I think there's, well I mean there's ridiculous shortages.

00:07:33.000 Chlorine shortages, computer chips, GPUs, obvious for obvious reasons.

00:07:37.000 There's shortages of cars.

00:07:40.000 There's shortages of chicken.

00:07:42.000 And what else is, it's a bunch of weird stuff that's like you can't get.

00:07:45.000 But this is important because there's a shortage of chicken.

00:07:50.000 And the first hint of chicken shortage, the media went, oh, it's because of Popeye's.

00:07:56.000 You know, they made the chicken sandwich and now everybody's buying it so there's none left.

00:08:00.000 You know, seriously, that's what they said.

00:08:01.000 And I was like, that's not true.

00:08:03.000 No one's buying that much chicken from Popeye's.

00:08:06.000 But they're like, but it's the chicken war.

00:08:08.000 KFC's got a chicken sandwich, and I'm like, but all they sell is chicken.

00:08:11.000 Well, but Popeye's... I'm like, it's Popeye's chicken!

00:08:14.000 That's all they sell!

00:08:16.000 And they're like, well Burger King's always had a chicken sandwich.

00:08:19.000 No one is going as fast with restaurants and being like, give me 10 chicken sandwiches.

00:08:23.000 So I thought that whole thing was weird.

00:08:24.000 Then I covered this a few weeks ago.

00:08:27.000 When you look at local news, what do they say?

00:08:29.000 Chicken shortage, chicken shortage, chicken shortage.

00:08:31.000 Restaurants can't get cooking oil.

00:08:33.000 Restaurants are charging more prices, higher prices.

00:08:35.000 And I'm like, why isn't this at like the national level?

00:08:37.000 Why doesn't anybody know about this?

00:08:39.000 How come it's only the small towns that are saying, hey, you can't get chicken?

00:08:43.000 So something weird is happening.

00:08:45.000 I wonder if it's worse than they actually say it is.

00:08:49.000 Because I'm not gonna get conspiratorial or anything on this one, but there's a cyber attack on Colonial Pipeline, which shuts down the biggest oil pipeline in the country.

00:09:00.000 And just before that happened, some people were saying there was like a massive leak of oil.

00:09:04.000 Some people have said, if they paid the ransom to the hackers within three hours of the hack, why did they shut the pipeline down?

00:09:10.000 Why did DHS come out and say there was no shortage when like 87% or 83% of gas stations in DC had no gas?

00:09:17.000 They blamed it all on people panic buying, which some people did.

00:09:20.000 But I'm like, I don't know, man.

00:09:22.000 Is it possible the media is just lying to us?

00:09:25.000 That is totally possible, yeah.

00:09:27.000 Yeah, how about that?

00:09:28.000 You wouldn't say.

00:09:30.000 Yeah, right?

00:09:31.000 So now we're here and the White House is saying this.

00:09:34.000 The White House is worried there could be a major meat shortage soon.

00:09:37.000 Soon, huh?

00:09:38.000 No, but this is crazy because there's already a shortage on beef.

00:09:43.000 It's not even... This is crazy to me that they're saying this.

00:09:47.000 And I wonder why is this happening after the shortage already hit?

00:09:50.000 So I posted this thing on Instagram.

00:09:52.000 I don't know if you saw it, but there's a barbecue shop not too far away.

00:09:56.000 And like two weeks ago, they put up a sign saying, due to the increased price of beef, we can't sell it anymore.

00:10:01.000 Because the price per beef doubled.

00:10:02.000 And they said it was because gas has gotten so high, it's impossible to get beef.

00:10:06.000 So I'm like, we have a bunch of farms around here.

00:10:09.000 And so when we went out to try and find farm meat, the shops, all the farms were like, yeah, we're struggling to get beef.

00:10:15.000 The regulators are not letting us harvest meat or whatever.

00:10:19.000 It's being restricted.

00:10:19.000 So I'm like, it's kind of weird, man.

00:10:23.000 The word they phrased it, a major meat shortage, makes me think maybe we're about to see something we've never seen before, at least in this generation.

00:10:32.000 With the other shortages you were talking about, is there like reasoning behind that?

00:10:35.000 I think you said the chips make sense, I've been paying attention to that, but I think you said chlorine.

00:10:39.000 Is it because like production was stymied in 2020 and like now we're seeing the net results of that?

00:10:45.000 Or is there like a different reasoning per one?

00:10:50.000 What's the best way to describe it?

00:10:53.000 The system broke, and the establishment is desperately trying to bail water, but what they're doing is making it worse, right?

00:11:02.000 So like, the economy gets shut down by all these different governors with the COVID lockdowns.

00:11:08.000 That is like a freight train going full speed, just stopping.

00:11:12.000 That and its tracks.

00:11:12.000 What happens?

00:11:13.000 Well, all the carts derail and fly off the tracks.

00:11:15.000 It doesn't just stop.

00:11:16.000 You can't start that train back up.

00:11:18.000 So what people don't realize when we're seeing this stuff... Have you seen these fast food restaurants?

00:11:22.000 Like McDonald's offering a thousand dollar sign-on bonus?

00:11:24.000 Yeah.

00:11:25.000 That's crazy, right?

00:11:26.000 Nobody wants to do the job.

00:11:28.000 People see that stuff and they're like, oh, isn't it crazy that, you know, McDonald's is offering all that money?

00:11:33.000 And then what you hear from a lot of these, like, younger leftist types is, maybe if they paid a living wage, people would want the job.

00:11:40.000 What they don't realize is Biden is giving everybody $300 per week bonus not to work.

00:11:46.000 So people don't want to work, but what they aren't seeing is... So they're like, so pay more money.

00:11:50.000 Okay, well, you can't just pay more money.

00:11:52.000 They're trying.

00:11:53.000 What else it is, you can see fast food restaurants.

00:11:56.000 You can see people aren't going to McDonald's, aren't working at McDonald's.

00:11:59.000 What you can't see is they're not at steel mills either.

00:12:02.000 You can't see the farms where people aren't picking the crops.

00:12:05.000 You can't see the people who work the beef.

00:12:07.000 Not there either.

00:12:08.000 So it's not just McDonald's.

00:12:10.000 It's across the board.

00:12:11.000 People aren't taking jobs anywhere.

00:12:13.000 They got a bunch of money and they don't care.

00:12:15.000 So this is crazy.

00:12:16.000 It's a weird thing that's happening.

00:12:18.000 At the same time, we get this.

00:12:20.000 The media telling everybody to eat cicadas.

00:12:22.000 Have you seen these stories?

00:12:23.000 Don't eat cicadas.

00:12:24.000 I just don't want to eat one.

00:12:28.000 Well, you shouldn't. 1.00

00:12:29.000 They're parasites. 1.00

00:12:30.000 They could have parasites. 1.00

00:12:32.000 They're nasty. 0.84

00:12:33.000 Have you heard them scream? 0.95

00:12:34.000 Oh, God, no.

00:12:37.000 What does it sound like?

00:12:37.000 Not up close.

00:12:41.000 You know how you go outside and you hear the noise of the cicadas?

00:12:44.000 That's all of them at the same time.

00:12:46.000 They're not really screaming.

00:12:46.000 But it's their wings.

00:12:48.000 When you find one and you pick it up, it flaps its wings and you hear it go...

00:12:54.000 It's like really freaky.

00:12:55.000 Oh, that's the vibration from the wings fluttering?

00:12:57.000 Yeah.

00:12:57.000 Wow.

00:12:58.000 Super, super crazy, creepy noise, man.

00:12:58.000 That's why I grab them by the wings.

00:13:01.000 Anyway, the media has been pumping out articles like crazy telling everybody to go eat these bugs.

00:13:04.000 And now we got one from the Atlantic that was kind of honest about it.

00:13:06.000 They say, unfortunately, some cicadas taste like nature's gushers.

00:13:10.000 If you must eat them, go for air fried. 0.66

00:13:12.000 Dude, they're gross.

00:13:14.000 We made, um, we made cricket bread.

00:13:17.000 And it's, it's like different.

00:13:17.000 Yeah.

00:13:19.000 It was under, what did you think?

00:13:21.000 I see.

00:13:22.000 Yeah, underwhelming.

00:13:23.000 Not great, not horrible.

00:13:23.000 Underwhelming?

00:13:25.000 Yeah, I wouldn't call it bad.

00:13:26.000 I would just say, like, you need it for a specific kind of food.

00:13:29.000 Like, I think it would work with a meatloaf or something.

00:13:30.000 Yeah, savory, for sure.

00:13:32.000 Umami.

00:13:33.000 I wonder, we didn't use, like, four and a half cups of the cricket flour.

00:13:37.000 We just had, like, one cup of cricket flour to, like, three and a half cups of white wheat flour.

00:13:41.000 But it was definitely noticeable that it's something going on there.

00:13:44.000 You gotta get ready for the protein.

00:13:45.000 I bet it's so good for you, too.

00:13:47.000 It is.

00:13:47.000 It's got, like, twice the B vitamins and protein of beef.

00:13:51.000 So you gotta eat the bugs, man.

00:13:52.000 That's the future.

00:13:53.000 Well, going back to supply issues, cicadas only come up, like, what?

00:13:56.000 Once every, like, 13 years or something?

00:13:58.000 Isn't that... There are cicadas year-round, but the big surges are, like... Cicadas every year.

00:14:04.000 Yeah, there's cicadas every year, but you barely see them.

00:14:06.000 You'll hear a little bit.

00:14:08.000 This is Brood X, where it's just, like, insane. 0.80

00:14:11.000 The 17-year cicadas are nuts.

00:14:13.000 And we've been feeding them to the chickens.

00:14:15.000 Chickens love them.

00:14:16.000 Uh, Bucko, our cat, was just sitting there, like, really slowly, just mauling one.

00:14:20.000 Oh, gross.

00:14:22.000 Like, taking his time with it.

00:14:23.000 You know, and, because cats like that when it's still alive, and it's, like, struggling.

00:14:27.000 So, uh, yeah, I don't know.

00:14:29.000 I brought this one up just to be, like, as an aside.

00:14:31.000 We got these meat shortages coming, and they're telling people, like, it's time to, uh, to eat the bugs.

00:14:36.000 I kind of feel like a big problem with what's happening is for one Joe Biden is doing this this unemployment boost they're doing the child tax credit so they're giving people money like crazy nobody wants to work there are supply side issues then at the same time we get these cyber attacks and that's why I kind of feel like it's all kind of weird you know I'll give you some historical context about the idea of conspiracies real quick and then we'll go to the next subject but When the Gulf of Tonkin incident happened, that was when the U.S.

00:15:07.000 claimed to have been attacked, and so we were forced to enter the Vietnam War.

00:15:10.000 Never happened.

00:15:11.000 I guess historians now say it's not true, that it was a false flag, or there's no evidence to claim that we were attacked in the Gulf of Tonkin, and it was likely just made up so that we would enter the war.

00:15:23.000 When that happened, people had no idea.

00:15:26.000 Like, imagine you're, like, sitting in your room, and then all this stuff is happening in Vietnam, and you have no idea.

00:15:31.000 And then a week later, you find out.

00:15:33.000 Or more importantly, like, imagine the Revolutionary War.

00:15:35.000 You're sitting in your house, you know, just finished, you know, farming or whatever, and at that moment, they sign a Declaration of Independence 400 miles away, you have no idea.

00:15:44.000 You find out a month later when a postal carrier shows up.

00:15:46.000 You're like, oh, we went independently this month, I guess.

00:15:47.000 All right.

00:15:48.000 So what's happening right now, which I find interesting, is that the media wouldn't be telling us if there was a very serious conflict happening, something that was targeting our critical infrastructure.

00:15:58.000 They wouldn't be telling us if something like right now, there could be a very serious thing that just happens.

00:16:03.000 There could be another cyber attack.

00:16:05.000 Case in point, an insurance company got hit by a cyber attack by ransomware.

00:16:09.000 before the colonial pipeline.

00:16:12.000 They never reported it.

00:16:12.000 We didn't know about it.

00:16:14.000 So this kind of stuff could be happening.

00:16:16.000 We got no idea.

00:16:17.000 And what's crazy is the media will tell you you're a conspiracy theorist.

00:16:20.000 If you, if you, if you pontificate on why is it that we have a meat shortage?

00:16:24.000 Why is it that people aren't working?

00:16:27.000 And then a meat plant gets hacked.

00:16:29.000 The weird thing to me about it is why would, why would hackers go after

00:16:34.000 oil and meat production?

00:16:37.000 Wouldn't they want to go after, I don't know, an insurance company?

00:16:40.000 Or banks?

00:16:42.000 The grid.

00:16:44.000 Oh yeah, that'll be the next one.

00:16:44.000 Electricity.

00:16:46.000 Electric grid.

00:16:48.000 So many people are dependent on it.

00:16:50.000 Yeah, but they just want a quick ransom, right?

00:16:52.000 See, it sounds like you're saying it's an act of war against a civilian population.

00:16:56.000 I was just thinking if you went for the most damage, wouldn't that be your goal?

00:17:02.000 So the hacker group came out and said like we didn't mean to affect society this way.

00:17:07.000 So if you're trying to make money to be a millionaire, you don't want to shut down an oil pipeline.

00:17:11.000 You need the gas too.

00:17:14.000 You want to eat a cheeseburger same as everybody else.

00:17:16.000 You just want to be rich.

00:17:17.000 So why go after meat and oil instead of like a financial institution?

00:17:24.000 Unless there's something going on that we don't know about.

00:17:27.000 Which is gonna...

00:17:29.000 Get worse?

00:17:30.000 There's the theory that the market was crashing anyway, and that people were happy to use the COVID lockdown as an excuse to start printing massive amounts of money and just expedite the crash, ultimately.

00:17:43.000 So if that was the case there, then we see like a meat shortage.

00:17:47.000 So maybe now they're expediting that by trying to hack it.

00:17:51.000 But that just leads towards malice.

00:17:53.000 I don't know if it's a malicious hacker or a government agent that's doing it to disrupt a Chinese thing, or if it's just easy targets.

00:18:01.000 Well, let's now jump into the financial aspect of all of this.

00:18:07.000 As I mentioned, Joe Biden's printing $6 trillion, and now he's got a new proposal.

00:18:11.000 More money pumped into the system.

00:18:12.000 He's going to hire people to build stuff.

00:18:14.000 But the Wall Street Journal reported that people had a decent amount of savings.

00:18:18.000 People are flush with cash.

00:18:19.000 They said families have cash.

00:18:20.000 There's just no supply.

00:18:21.000 There's demand, no supply.

00:18:24.000 So if people can't buy what they want to buy, and there's nothing that's going to bring it back, why would they go start working again?

00:18:30.000 If Joe Biden prints all this money and says, we're going to hire you to go build a bridge, they're going to be like, for what?

00:18:34.000 I got a bunch of money, and I can't buy the PS5 anyway.

00:18:38.000 So now we're seeing something interesting.

00:18:39.000 People with a bunch of money and nothing to do with it.

00:18:43.000 And that's where we get to this story from MarketWatch.

00:18:46.000 A huge day for meme stocks sees Mudrick reportedly dump AMC stock and Roaring Kitty returns to rally GameStop diehards.

00:18:55.000 What does this mean?

00:18:56.000 Yeah, OK, so Roaring Kitty, and I'm sure a lot of people might know the details, a lot of the stuff.

00:19:05.000 But so I'll just I'll just briefly mention there's meme stocks.

00:19:08.000 There's, you know, GameStop, AMC.

00:19:09.000 I think what, Kodak, Nokia, were those part of the Bush?

00:19:13.000 So people started buying this stuff because memes were popping up telling people to buy it.

00:19:18.000 But there was sound motivation behind it.

00:19:20.000 I guess it started with GameStop.

00:19:23.000 So I covered this a little bit.

00:19:24.000 It was the GameStop rebellion.

00:19:24.000 We talked about it on the show.

00:19:26.000 People were basically saying these hedge funds are engaging in illegal activities.

00:19:31.000 They're doing naked short selling.

00:19:33.000 They're shorting more shares than actually exist.

00:19:36.000 Which is manipulating and destroying these companies, which is unfair.

00:19:39.000 And so this dude's like, I like the stock, and he buys a bunch of it, rallies a bunch of people, and I wouldn't say directly, he's just like, hey, look what I'm doing.

00:19:47.000 So then people were like, well, buy the stock too, and it screwed over all these hedge funds.

00:19:51.000 So a lot of this ties into crypto, but let's just start from the beginning and then, you know, take us to where we gotta go.

00:19:58.000 What's happening right now, AMC is up $38.50, I think.

00:20:02.000 It's like a share of AMC.

00:20:04.000 So it was at one point like a couple bucks.

00:20:07.000 People are shorting it.

00:20:08.000 So what's going on?

00:20:08.000 Tell us what's happening.

00:20:09.000 Yeah, well, first of all, congratulations.

00:20:11.000 I know there was a lot of people who were watching it today.

00:20:13.000 After hours, it's just continuing to go bonkers.

00:20:15.000 And really, this entire group of stocks are just highly shorted ones.

00:20:19.000 And it all started with this Roaring Kitty character.

00:20:23.000 Back in 2019, he just slowly but surely on Reddit posted he liked GameStop.

00:20:28.000 And throughout 2020, it really got some traction.

00:20:31.000 The stock was doing a bit better, but people liked the size of it.

00:20:36.000 Way back in 2019, he put like $50,000 on it, or yeah, $50,000, and he was confident.

00:20:41.000 And then in 2020, the world shut down, a lot more internet consumption, people started taking note of it, and then in January, it started to pick up, and that's when it went crazy.

00:20:51.000 He was up millions of dollars.

00:20:54.000 One guy, it was just insane.

00:20:56.000 Everyone's looking at the money, and he just, It was funny because he was the guy who started all of this.

00:21:01.000 He was diamond handing it no matter what.

00:21:03.000 I think a lot of people faced with that money were like, oh, how could you not take it?

00:21:06.000 And he just kept doubling up, tripling up.

00:21:08.000 He didn't give up.

00:21:09.000 So explain diamond hands.

00:21:11.000 We have a shirt, but you can bring it down.

00:21:12.000 Yeah, diamond hands.

00:21:14.000 It's more of a reference to really almost poker.

00:21:17.000 Like if you have a strong hand, you don't fold.

00:21:19.000 So diamond being the strongest thing, it's like you're just not folding.

00:21:22.000 No matter what happens, technically, fundamentally, you are just not getting out of the position.

00:21:28.000 And that just caught, I think it was really the perfect storm of a couple psychological events of people in 2020 hurting for money, sitting around hearing this cool story.

00:21:38.000 It was perfect.

00:21:39.000 It played into that narrative that resonates with a lot of people of David and Goliath.

00:21:43.000 It was this underdog, this one guy calling himself Roaring Kitty.

00:21:46.000 And, well, he actually has the other name, DFV, and people just liked it.

00:21:51.000 They liked the value.

00:21:52.000 Yeah, they liked where it was going with it, and then when it exploded in January, for those of you who haven't been following the story that closely, in late January, before we knew it, GameStop was trading sub-50, and at one point in pre-market, it was above 500, in market hours, it was above 400.

00:22:07.000 It was going so crazy, and people were making a lot, a lot of money.

00:22:12.000 So at that point, what had happened is, this all happened because there was a high short interest.

00:22:17.000 In the world of stocks, you buy a stock, you hope it goes from X up to Y, and you profit that difference.

00:22:21.000 So it's like, if you buy a stock at 5, it goes to 10, you sell it, you get 5 bucks profit.

00:22:26.000 Yep, exactly.

00:22:27.000 So, in the stock market, there is an option to do the opposite.

00:22:30.000 You can sell it at Y, hope it goes down from 10 down to 3, and you profit 7.

00:22:35.000 So, with that, the only way to pull that off is, how could you sell something you don't own?

00:22:40.000 Well, you end up borrowing it from someone, and it's basically an IOU.

00:22:43.000 You want it to go down, you buy it back, and you give it to that person.

00:22:46.000 Well, it got so out of hand with GameStop at one point, out of all the shares in existence, there was 140% short interest against it.

00:22:56.000 So like people are like, how is that possible?

00:22:59.000 How could you possibly short more of the stock than even exists?

00:23:02.000 Because like someone was borrowing it and then selling it to someone else who was then using it to like, and then someone borrowed it from him.

00:23:09.000 Yeah.

00:23:09.000 It was just this never ending daisy chain of I own it.

00:23:13.000 I loan it to you.

00:23:14.000 You short it.

00:23:14.000 He buys it.

00:23:15.000 He loans it out.

00:23:16.000 It was just.

00:23:17.000 Buying, loaning, shorting.

00:23:18.000 Buying, loaning, shorting.

00:23:19.000 And it was just recycling and it got so huge.

00:23:22.000 And actually, what we just explained to the letter of the law right now, not a financial advisor, not a lawyer, but that's legal.

00:23:28.000 That is a legal practice right there.

00:23:30.000 You can do that.

00:23:30.000 Naked short selling?

00:23:31.000 That's what I just described is not naked short selling.

00:23:35.000 So that's normal shorting and that's allowed.

00:23:37.000 And what it is, it's just the amount of people are getting caught.

00:23:40.000 Because like when you have that much money betting against a stock, historically it does go down.

00:23:44.000 Because it's just big money, they must know something, we must be getting it right.

00:23:48.000 But once in a blue moon, there's enough people that start to pile in against that trade.

00:23:53.000 And to get out of short, to close that position, you have to buy back to the market.

00:23:57.000 We'll say I have a big short, I close mine, I lost a little bit.

00:24:01.000 But because I bought it to close the position at a small loss, it goes up a little higher.

00:24:04.000 Well, you hit your risk tolerance.

00:24:06.000 You're another short.

00:24:06.000 It goes up a little higher.

00:24:08.000 You hit your risk tolerance.

00:24:09.000 And before you know it, it gets so wildly out of hand because all the shorts are covering.

00:24:13.000 They've got to buy the stock to cover the short.

00:24:15.000 Yeah, they hit their risk tolerance.

00:24:17.000 And like, if you own a stock, your risk is technically capped if it goes to zero.

00:24:21.000 If you're short a stock, your risk is technically infinite because it could just keep going up and up and up.

00:24:26.000 And that's what happened when you have so many shorts.

00:24:29.000 Mathematically, the ceiling just goes higher and higher for every short.

00:24:32.000 And so people saw this phenomena, and they found other highly shorted stocks.

00:24:37.000 So GameStop led, and they're like, hey, I kind of missed that train.

00:24:39.000 But all of a sudden, you have BB, NOC, COS, and one that really, really caught people's attention, and honestly, why I'm here right now, is because of AMC.

00:24:49.000 So people noticed it, and in early February, all these highly shorted stocks kind of took a breather.

00:24:55.000 But at that point, the AMC community specifically, it exploded on Reddit, Twitter, and YouTube.

00:25:02.000 Why?

00:25:03.000 I think something about the point of, it was a psychology play of with GameStop, if it was trading at 200 bucks, you could buy one share, and then if AMC's trading at 10, you could buy 20.

00:25:13.000 So you just felt like you could buy more, like there was more of a psychological reward, especially with a potential massive squeeze incoming.

00:25:19.000 It's like, well, I'll make more money.

00:25:20.000 People just wanted more shares.

00:25:23.000 What's kind of funny about that is that it doesn't matter how many you have, it matters the percentage gained.

00:25:28.000 When it comes to Bitcoin, everyone's like, oh, I can't spend $40,000 on a Bitcoin.

00:25:32.000 It's like, no, it's a percentage gain.

00:25:33.000 It's like you put in $100 and it goes up 10% and you made $10.

00:25:35.000 It doesn't matter.

00:25:36.000 However, when you realize that people think that way, then it actually kind of is better

00:25:41.000 to have stocks that are cheaper, because instead of thinking about percentage,

00:25:44.000 the person buying is gonna be like, wow, it's only a dollar, I can buy 10.

00:25:48.000 So they actually drive the price up faster, because the stock is worth less per share.

00:25:54.000 Yeah, and with that, as the community grew, this is, like they were talking about Naked Shorted

00:26:00.000 with the first GameStop thing, but now that it's been a couple months,

00:26:02.000 since early February, there's been so much DD research going on.

00:26:06.000 And this is where we entered naked shorts, which is an illegal practice.

00:26:09.000 So in the example of I own shares, I loan it out to you, you borrow it, you pay the fee, you short and that daisy chains.

00:26:15.000 So what naked shorting is, is actually when you take the short position, And you never ever borrowed it.

00:26:21.000 It just did not exist.

00:26:22.000 So you just added more supply out of nowhere.

00:26:26.000 It exists digitally, but you're increasing supply.

00:26:29.000 Demand stays the same.

00:26:30.000 So it's driving the stock down.

00:26:32.000 You just increase supply.

00:26:34.000 So with that, and then it gets more out of hand because you bought these fake shorted shares, like people refer to them as synthetic shares because they never should have been shorted.

00:26:43.000 You bought them off of him, you think you have legitimate shares.

00:26:46.000 So then you loan them out to someone who actually wants a short, and you get this tree root system of all these actions that should have never happened because of the initial naked short.

00:26:55.000 So the system is basically, it's got a bunch of hollow points.

00:26:59.000 Yeah.

00:26:59.000 And then what, when it comes due, what happens?

00:27:03.000 So that's the interesting thing is so the way we're using a broker you like you sign up to Weeble or whatever it is you have a broker will hedge funds have prime brokers and just a fancy name for whoever facilitates their trades.

00:27:16.000 So really the prime broker is the person who is supposed to locate the shares for them to short.

00:27:21.000 But to the best of my understanding, they have like two days to locate them.

00:27:24.000 Sometimes they don't, and they can even kick that can down the road.

00:27:27.000 And before you know it, in high volatility, stocks do so many trades so much, and you just don't know how out of hand it gets.

00:27:33.000 So really, they get a slap on the wrist.

00:27:35.000 They're supposed to buy the shares that should have never existed off the market, and they did it.

00:27:40.000 But one of the main things I kind of stress to my audience is, yeah, OK, you bought those shares off, but there's no way to get back any of the damage that was done from the result of how long they were on the market.

00:27:50.000 So hold on, let's think about it for a second.

00:27:52.000 It sounds to me like, what's AMC currently short interest?

00:27:57.000 What percentage of AMC is short?

00:27:59.000 18%.

00:27:59.000 And that's the ones that are legitimate legal shorts.

00:28:03.000 Inherently, there's no way to track illegitimate shorts because they were never documented, hence why they're illegitimate.

00:28:09.000 Wasn't GameStop like over 100%?

00:28:10.000 It was at 140 at its peak.

00:28:13.000 Where's it at now?

00:28:14.000 20%.

00:28:15.000 21%.

00:28:16.000 Okay, so it's way, way down in terms of...

00:28:17.000 Yeah.

00:28:18.000 But if it's over 100%, then it's basically like a guarantee that they're going to have

00:28:20.000 to buy your shares off you at some point, no matter what the price is.

00:28:24.000 Not a guarantee, because with that much money betting against it, usually they're right

00:28:27.000 and they actually drive it down.

00:28:28.000 That was the argument.

00:28:29.000 There were so many hedge funds piling against AMC, GME and these others, there was a good chance of them forcing it to go bankrupt.

00:28:36.000 But with a whole bunch of bored internet people, that's a really difficult thing to go up against.

00:28:43.000 It's a hive of bored people with stimulus checks.

00:28:46.000 And I think that's one of the things really going against the hedge funds right now of from early February till now the community specifically in AMC is getting bigger and bigger and bigger.

00:28:57.000 The CEO Adam Aaron was talking about there's 3.2 million Retail investors, individual investors, and that was actually a little bit ago.

00:29:07.000 So now it's just the word is spreading.

00:29:09.000 Even this, me talking here, more people are finding out about it and it's getting bigger and bigger and bigger.

00:29:14.000 So at first it was this storyline of David and Goliath, the little retail traders, but now there's so many little Davids that you almost have like a whole nother Goliath versus that original Goliath.

00:29:24.000 This is interesting.

00:29:24.000 There's some questions about the The security in the value of like a stock, for instance, because they can always dilute.

00:29:32.000 You know, when we look at Dogecoin, for instance, the price goes up simply because it is a scarce commodity to a certain degree.

00:29:39.000 Its price reflects its scarcity and the demand for it.

00:29:41.000 So Bitcoin is becoming increasingly more scarce just by nature of what Bitcoin is.

00:29:46.000 People want to use it because it's a safe, decentralized store of value.

00:29:49.000 So the more people want to use it, the price just keeps going up.

00:29:52.000 So the people who are holding it are happy, and people want to get in because it's going up, and it's like a system where everyone's just like, we gotta buy more, which just drives the price higher and higher.

00:30:00.000 With stocks, they could dilute, and that could negatively impact you.

00:30:04.000 All of a sudden there's more shares, they get sold, and now it devalues a lot of the shares.

00:30:08.000 But at the same time, it's not incredibly common that they'll just keep printing shares, right?

00:30:13.000 They can't just do that, can they?

00:30:15.000 Well, there is a process where you, like, ask for shareholder approval to authorize new shares, then they're authorized, and the board and the leadership team, when they deem it necessary, then they can do it.

00:30:25.000 So, like, there is a certain, I guess, process that they're going to go through.

00:30:29.000 But even talking about that, that happened to AMC today.

00:30:33.000 But the price still went way up.

00:30:34.000 Exactly.

00:30:35.000 So it's not a definitive thing because sometimes you're diluting or you're doing an at-the-market offering to raise money, and then it's the perception of the public of, did they do it for a legitimate good reason?

00:30:47.000 So yesterday they sold about 8.5 million shares for around $27.

00:30:50.000 They raised $230 million.

00:30:53.000 The reasoning for it, and the CEO tweeted it out, was to acquire more movie theaters, expand their market share.

00:30:59.000 And then today, well, this is a whole nother weird, I guess, turn of events.

00:31:03.000 It gapped up, it was strong.

00:31:04.000 Midday, the hedge fund that bought it actually sold it.

00:31:08.000 And they not only sold it, they did it all at once.

00:31:11.000 And they did it during the market hour, which is a really, really sneaky tactic.

00:31:15.000 And the reason it's sneaky is because midday, especially from 12 to 1, everyone's on lunch.

00:31:21.000 It's the lowest volume part of the day.

00:31:23.000 So whatever you do has the biggest impact.

00:31:26.000 So the whole point of that psychologically is you see the jump, people get scared, they

00:31:30.000 get an alert and it causes like actual capitulation.

00:31:34.000 People are like, what's happening?

00:31:35.000 Yeah, it hit stop loss orders, it caused capitulation and then people get scared.

00:31:39.000 They're like, hang on, I don't know what's going on.

00:31:43.000 One of the quickest things to drive a market up or down is greed and fear, and that's what you do.

00:31:48.000 So when stock goes up, you have FOMO buying.

00:31:51.000 They just see it ripping, and everyone's like, I want to buy, you hop in on it.

00:31:54.000 You see a big red bar, you get scared, and because you get scared, you sell, someone else will sell.

00:31:54.000 The opposite is true.

00:32:00.000 The stock market is so emotionally driven and sometimes that could be used to a benefit and other times it's not but it was just so strange that they bought it at 27 like that and then they sold it today and not only was it a weird timing and they did it all at once you could see the volume traded in like a particular three minute time frame But beyond that, they went out of their way to make a public statement that it's overvalued.

00:32:26.000 So within one day, they loved it at $27,000, and then they tried to drop it at $32,000, $33,000.

00:32:29.000 They're scamming the market.

00:32:32.000 Yeah.

00:32:32.000 That's what it sounds like.

00:32:33.000 And it's weird because you'll have some correspondents talking about all these retail traders manipulating the market.

00:32:38.000 How is that not?

00:32:40.000 When you know people are paying attention to it and you go out of your way to make a public statement where it's just listen to and that's what why this is getting they're just throwing gasoline onto the fire with this type of thing when you act that way because people who are on the fence of like maybe there isn't manipulation maybe we're overstating it then they hear storylines like this and you're like what are you possibly do like it's so so bad and then There's a couple more things that play into it, but then the media reports on it, and it's always like, retail, they shouldn't be doing this, blah blah blah.

00:33:13.000 Like, it just gets so out of hand, and it's just feeding the fire bigger and bigger.

00:33:16.000 This is what I was saying earlier on with the other segment about, you know, meat shortages and stuff, was that it's like the system is collapsing, and they're trying to bail water, but they're making it worse.

00:33:26.000 I look at it this way.

00:33:28.000 They issue this unemployment bonus.

00:33:29.000 You know, everybody's now getting extra 300 bucks.

00:33:32.000 A lot of people have money from, you know, their jobs.

00:33:34.000 Not everybody was working, but people have money from unemployment and nothing to buy.

00:33:38.000 So here's something you could buy.

00:33:39.000 You can download an app and just buy something.

00:33:41.000 It's like, what else are you going to do with it, right?

00:33:43.000 So all of a sudden now, you've got this massive short interest on stocks like GameStop or AMC or whatever else.

00:33:50.000 And 3.2 million retail investors who can't go anywhere, can't do anything and are bored and are like, yeah, I'll join in.

00:33:56.000 I'll buy something.

00:33:57.000 So You've got this lockdown.

00:34:00.000 They shut everything down.

00:34:01.000 It damages the economy.

00:34:02.000 Then at the same time, people have nothing to do.

00:34:05.000 So they switch to this, which causes hype.

00:34:07.000 It's like everybody pointing a laser pointer at the same spot at the same time with millions of people.

00:34:12.000 It's going to actually start burning.

00:34:14.000 And now the hedge funds are freaking out.

00:34:16.000 So it's like Biden and the Democrats think we're going to do this unemployment bonus.

00:34:21.000 It's going to help people.

00:34:23.000 But instead, it just causes more destabilization, in a sense.

00:34:26.000 If people are able to... I don't want to frame it like a bad thing.

00:34:31.000 I mean, these hedge funds shouldn't be able to do what they do anyway.

00:34:34.000 Are you familiar with Max Keiser?

00:34:37.000 No.

00:34:37.000 So Max Keiser is a big financial guy.

00:34:39.000 He's a big Bitcoin guy.

00:34:40.000 And he was on the show talking about how these hedge funds just get free money from the government anyway.

00:34:44.000 The government just prints stuff, gives out the loans from the Fed, and then they can just do whatever they want with it, and it manipulates the whole system, and it basically strips the value from working-class people. 0.58

00:34:52.000 all of a sudden, whether intentional or not, working class people said, I want to play the

00:34:56.000 game too. And now they're, you know, firing their lasers on the same direction and it's causing

00:35:00.000 serious problems for the ultra elites and the financial system itself, which has been stripping

00:35:05.000 value from working class people. It's just, it's exactly that. 0.85

00:35:10.000 It's that, like, the pompous attitude of an elitist of, like, I know what's best, I'm doing it right, let me gut the economy to make millions or billions myself.

00:35:20.000 And, like, working class, hey, you'll be fine. 1.00

00:35:22.000 Like, just, I'm right.

00:35:23.000 I know what's going on with money.

00:35:25.000 And they get so, so angry about it.

00:35:27.000 Of, like, they're using all these antiquated models of, like, fundamental analysis of GameStop's overvalued AMC.

00:35:32.000 We have to short it.

00:35:33.000 You don't know what you're talking about.

00:35:34.000 Well, at the end of the day, Value is a perceived concept.

00:35:38.000 If I wanna buy AMC at 50, and if enough people wanna buy it at 50, it's gonna trade at 50.

00:35:43.000 That's all it is.

00:35:44.000 There's no rules.

00:35:46.000 It's unsettling to some people, but it is legitimately a house of cards, and we're the ones who give it value.

00:35:52.000 Enough people give it value.

00:35:54.000 And that's what it's gonna trade at.

00:35:56.000 Is 18% short interest enough to actually have a massive short, like GameStop?

00:36:02.000 Yeah, so that's an awesome question.

00:36:05.000 Obviously, people compare it to GameStop and they're like, hang on, that's a lot lower.

00:36:09.000 In terms of magnitude, it is considerable.

00:36:11.000 Tesla's considered to be a highly shorted stock.

00:36:13.000 It's not at 6%.

00:36:14.000 And then you have a normal stock.

00:36:16.000 So Tesla's at like five something?

00:36:18.000 5.8% shorted.

00:36:18.000 And that's considered high.

00:36:20.000 Yeah, that's a shorted stock.

00:36:22.000 And then a normal stock like Apple's at 0.8%.

00:36:25.000 Shorting is a very abnormal tactic in the stock market.

00:36:28.000 Most funds, most everything is a long only.

00:36:30.000 You're buying and you're hoping it goes up.

00:36:33.000 Shorting is definitely bucking the trend.

00:36:35.000 So I get it.

00:36:37.000 What GameStop is at now is just like, I think it's 20.6% the last time I checked.

00:36:37.000 18%, 20%.

00:36:43.000 Yeah, it's still just high.

00:36:44.000 The magnitude is there because As of now, in existence, there's about 500 million shares of AMC.

00:36:51.000 That's how many there are.

00:36:52.000 So that means there's about 135 million roughly that are on loan that we know about that could be legitimate shorts.

00:36:59.000 So what happens is if it goes up, those 130-ish million shares have to be covered for.

00:37:05.000 At a certain point, they're going to hit their risk tolerance.

00:37:08.000 The price has to keep going up.

00:37:10.000 Yeah, and beyond that, their back is, like, they're fighting time because every single day they pay a borrow fee.

00:37:18.000 But if you own AMC, you just sit there.

00:37:20.000 You pay no extra fee.

00:37:21.000 You're just like, let's see how this goes.

00:37:23.000 So again, I mentioned this early on, Full Disclosure, I do have some AMC.

00:37:26.000 I also, I bought Nokia because I like You know, I genuinely thought they were good ideas.

00:37:32.000 Like, cell technology, I'm a big fan.

00:37:34.000 I used to do a ton with mobile tech.

00:37:35.000 I used to have my own app.

00:37:37.000 And then with AMC, it's like, the only thing I ever really used to do, like when we'd go out, I don't go out, we'd go to the movies.

00:37:42.000 Like, on the weekends, we'd go see a movie.

00:37:44.000 And so I'm like, that's something I care about.

00:37:46.000 I also at one point had stock in Blizzard.

00:37:48.000 Because I'm like, what do I do and what do I care about?

00:37:48.000 Okay.

00:37:51.000 Video games, technology.

00:37:53.000 So I bought some AMC.

00:37:54.000 But it sounds like this short interest is high.

00:37:58.000 And if everybody just decides to buy some AMC stock, then the short sellers have no choice but to hire massive high prices.

00:38:08.000 Yeah.

00:38:09.000 So what happens if they can't afford it?

00:38:12.000 Well, that's to the point where they get margin called and have all these new SEC rules of collateral requirements.

00:38:18.000 It can get super hairy.

00:38:19.000 But even on top of that, not only is it high, it's going up.

00:38:24.000 The short interest is getting high.

00:38:26.000 They're taking more bets out of it.

00:38:27.000 It's not like it's staying constant.

00:38:29.000 So there's new players and stuff, but at the end, it's literally throwing gasoline onto this fire.

00:38:35.000 It's insane.

00:38:36.000 So, you know, I've talked to people about this.

00:38:38.000 It's an interesting gamble, right?

00:38:39.000 Let's say a stock's trading at $5, and it's got a lot of short interest because they're like, it's a trash company, it's not gonna work, the market's changed.

00:38:47.000 And then you get someone on the internet that says, hey, everybody buy this.

00:38:49.000 Now it goes up to $10.

00:38:50.000 Well, the people who already thought it was overvalued at $5 are now like, dude, it's way overvalued at $10!

00:38:55.000 Do it!

00:38:55.000 Short it now because you're gonna make twice the money you would've made before.

00:38:58.000 Then more people on the internet drive the price up to 50 bucks.

00:39:01.000 Well, certainly then those people are going to be like, what? It's at 50 bucks. These people are insane.

00:39:05.000 It's going to collapse. Short it now. 0.99

00:39:07.000 Every time it goes up and they think it's overvalued, it's basically two forces.

00:39:12.000 The internet stock meme people are betting that they can have

00:39:18.000 diamond hands longer than the short sellers can hold out.

00:39:22.000 So like you mentioned, if they gotta pay a fee and the people holding the stock don't, then it's lopsided in favor of those who just bought the stock and are sitting on it.

00:39:30.000 It sounds like it's not even a gamble. I mean a lot of people have likened, like they're saying millennials are

00:39:35.000 playing the stock market like a casino.

00:39:37.000 And I'm like, I don't know, the way you describe it, maybe you're wrong.

00:39:40.000 Maybe I shouldn't take advice from you, but if you're right, it sounds like you're saying it's a really, really good bet 0.99

00:39:47.000 against really dumb people. 0.97

00:39:49.000 And I mean, there's two things to go into that. 0.99

00:39:49.000 Yeah. 0.99

00:39:52.000 A lot of the people have been involved with it.

00:39:54.000 It's more of the mindset of, I had nothing before it.

00:39:58.000 What's the issue with going back to zero?

00:40:01.000 Many people, they're like, I have nothing to lose.

00:40:03.000 So it's like, if you call our bluff, we don't care.

00:40:07.000 We're going to call your multi-billion dollar bluff.

00:40:09.000 From, I mean, this was when the stock's at 30, and I believe the stock's at 38.

00:40:13.000 At 30, from Monday till now, their shorts are down $1.5 billion.

00:40:19.000 And that's just from Monday.

00:40:20.000 It's been going up before that.

00:40:22.000 And we saw what happened with GameStop.

00:40:26.000 People are still thinking they're going to win this game.

00:40:29.000 I still have Dogecoin.

00:40:31.000 It drops by like 50%.

00:40:31.000 I'm like, whatever.

00:40:34.000 I bought more today.

00:40:34.000 I bought more actually.

00:40:35.000 I mean, and that's just the whole mindset of Diamond Hand.

00:40:38.000 Cool.

00:40:39.000 They see Red.

00:40:40.000 When I'm streaming and there's any notable drop, cool, buy, discount.

00:40:45.000 It doesn't phase them now.

00:40:48.000 Maybe it started out as a joke of Diamond Hand, but now it's truly the descriptor of most people's mindset on this.

00:40:54.000 They're like, we don't care.

00:40:56.000 I saw a meme that said GameStop is the new gold and AMC is the new silver.

00:41:01.000 Because people are making the joke where it's like, as long as it's a scarce resource that could be a store of value and it can't be copied, store your money in a stock I guess.

00:41:11.000 Because it doesn't matter if the company is doing well or not if people just believe in the stock.

00:41:16.000 So it's like, you know, we had a We routinely have people here who say, I'm not a fan of Bitcoin for some reason, right?

00:41:23.000 And they always go like, where's Bitcoin's value come from?

00:41:26.000 And I was like, confidence.

00:41:28.000 A lot of people like Bitcoin.

00:41:30.000 It is scarce.

00:41:31.000 It's a deflationary currency, or I shouldn't say currency, it's a deflationary store of value.

00:41:37.000 And people feel confident that if they buy it, they will retain or gain money.

00:41:43.000 So long as that confidence exists above a certain threshold, it's gonna keep going up.

00:41:47.000 And when you see Goldman Sachs and Morgan Stanley and whatever, when they're all just basically like, yes, we're bullish on Bitcoin, I'm like, okay.

00:41:55.000 Well, alright then.

00:41:56.000 So why wouldn't I think crypto is good?

00:42:00.000 You look at GameStop, they could issue shares, I suppose, or whatever.

00:42:04.000 Same principle, though.

00:42:05.000 It is a scarce object that can't be copied, and people feel confident that buying it will store their value or make them more.

00:42:13.000 In this instance, a lot of greed.

00:42:15.000 The funny thing is, it seems like the power of the internet and the meme factories, the meme magic in this, is real.

00:42:25.000 And the media's attempts at manipulating isn't working, right?

00:42:28.000 So I think what recently CNBC called GameStop and AMC penny stocks or something like that, and GameStop's at like $2.50 and AMC was trading at like $20, broke the $20.

00:42:38.000 Everyone's freaking out and they're saying it's penny stocks.

00:42:40.000 They're trying to meme it down, but there's too many people online who are like, I'm just going to buy it anyway.

00:42:47.000 Here's the way, here's how I feel about it.

00:42:49.000 I bought Doge and I'm just like, I honestly don't care.

00:42:52.000 I bought it because I want it.

00:42:54.000 That's it.

00:42:55.000 I'm not, I, some guy made a million dollar, like became a millionaire off Doge, like good for him.

00:42:55.000 Yeah.

00:42:59.000 He's still holding like, yeah, a lot of people are buying these stocks just to have them.

00:43:05.000 Cause I think about it this way.

00:43:07.000 You get a check from the government that you don't need, and they give you like $600 or whatever, a stimulus, and you're thinking like, I don't know what I'm gonna do with it.

00:43:14.000 You can't buy a PlayStation, they're all out.

00:43:16.000 It's like, okay, well, you know, I got a computer, I can play computer games, uh, you know, whatever, I'll just buy some GameStop, I guess.

00:43:20.000 And then they forget about it, and then they're just holding it and not caring because they didn't need it in the first place.

00:43:27.000 It blows my mind.

00:43:29.000 This was over the weekend and now the stock's even higher.

00:43:32.000 This post market is a new all-time high.

00:43:34.000 So as of last week, I was getting DMs from people between options and stocks.

00:43:38.000 They would send me a screenshot of their Webull, not even the highest tier of trading accounts, up 2.3 million.

00:43:46.000 I was like, oh, what are you doing?

00:43:48.000 I'm throwing it back in.

00:43:50.000 What are you gonna do with the money?

00:43:52.000 They're so pot committed to this play and I love it and like the hedge funds or even now there's some retail who think it's gonna go down and they're betting against it.

00:44:00.000 I think they've played it wrong in two very notable ways and the first way they did it was actively speaking out against it.

00:44:06.000 They're going on certain news outlets and they're just fanning the fire.

00:44:10.000 One of the best things they could... it's as weird as it sounds they don't get the internet.

00:44:15.000 As soon as you tell someone not to do something, it's the first thing you want to do.

00:44:20.000 So there's one analyst out there, and about a month ago, he came out with a price target of a cent on AMC.

00:44:27.000 As in, it's going bankrupt.

00:44:28.000 It's not worth it.

00:44:29.000 And he keeps doubling down, and every time he does it, he now has not only blocked everyone in the community, which had to take hours of his life, he made his Twitter private.

00:44:38.000 Because, like, everyone was just arguing with him, and that was the joke.

00:44:41.000 Like, I was even tweeting.

00:44:42.000 I was like, wait.

00:44:43.000 Is 30 bigger than a cent?

00:44:44.000 I'm not the best at math. 0.98

00:44:45.000 I'm dumb money. 0.82

00:44:46.000 I just don't get it, but it's in the green. 0.97

00:44:49.000 It's the game to us, and they just don't get it.

00:44:52.000 And that has not only thrown gasoline on the fire, which I keep saying, but now some of these other hedge funds, they're joining in on our side.

00:45:01.000 BlackRock, the world's biggest hedge fund, is long.

00:45:04.000 Vanguard is long.

00:45:05.000 They're long on AMC.

00:45:06.000 They're switching it, and they're buying huge amounts.

00:45:09.000 They're taking out a competitor.

00:45:11.000 They're the agile ones that are clearly seeing the landscape, and they're like, well, we're gonna take this one out.

00:45:16.000 Melvin Capital was the one that was notoriously against GameStop in January, February.

00:45:21.000 They lost 50% in the first quarter.

00:45:25.000 But what's weird, and this is what irks the average person, if you blew up that bad, they just got bailed out.

00:45:34.000 Cohen 0.72 in Citadel, they're like, ah, we'll buy you out, we're fine.

00:45:38.000 When you really look into it, on the top level, it's fun.

00:45:41.000 And then when you look into it, I truly get the frustrations.

00:45:45.000 If I sold something on the street that legitimately did not exist, I get in serious trouble.

00:45:51.000 I do it two times, I could go to jail.

00:45:52.000 It's called fraud.

00:45:53.000 Yeah, the more you do it.

00:45:55.000 But someone like Citadel does it, and it's a fine.

00:45:57.000 You look at the fine, and you look at the profit from that trade, you make 100 bucks, you're fined 10.

00:46:01.000 Why would you ever stop that practice?

00:46:04.000 Ever stop that practice.

00:46:05.000 And that's just one of it.

00:46:06.000 Like, you look it up, Citadel, like from 2006 till now, there's like 20 times, 50, some absurd amount of times that they were caught, which doesn't tell you how many times the FINRA and SEC did not catch them doing stuff.

00:46:20.000 And it doesn't matter, they have so much power.

00:46:22.000 Citadel Security's world's largest market maker.

00:46:24.000 We are not getting away with it.

00:46:26.000 It's just, it's insane.

00:46:27.000 Here's a big problem I see.

00:46:30.000 What do you do with the money when you get it?

00:46:32.000 Let's say you're somebody who, uh, you get a stimulus check, you bought a bunch of, uh, you know, stock of some sort, it skyrockets, you're a millionaire.

00:46:40.000 What do you do with all that money?

00:46:42.000 I guess you could buy a house.

00:46:43.000 The problem is, the housing market's insane.

00:46:45.000 People are buying property sight unseen.

00:46:47.000 We mentioned earlier in the show, there's a WAPO story about a house that sold for a million dollars over asking, just because people are like, I don't care, I'm gonna buy the house.

00:46:53.000 So sure.

00:46:55.000 You make a quick million bucks off Doge, or GameStop, or AMC.

00:46:58.000 What do you buy with it?

00:46:59.000 What can you buy with it?

00:47:00.000 We've been waiting for over two months to get a new computer for the studio.

00:47:05.000 Had to order it, we needed an upgrade, and they're like, sorry, we're all out of chips.

00:47:08.000 Like, we're just gonna wait, I guess.

00:47:10.000 So I think what's happening is, it's good news for the little guy in a certain sense.

00:47:15.000 It may be bad news for everybody in the long run.

00:47:17.000 You've got people who are making tons of money, and there's a reason why they're putting it right back in.

00:47:22.000 What else are they gonna do with it?

00:47:24.000 I think for them, because they started pretty close to zero, many, many people, they're just like, well, let's see how big I can get it for like, they just, the joke is when Lambo, but they're basically describing like, when do I get life changing money?

00:47:39.000 And I mean, just anecdotally, I don't have the stats on it.

00:47:41.000 But like, the thing I hear is, I finally paid off my student debt, I finally paid off my mortgage, I finally am not begging Verizon to keep my internet on.

00:47:51.000 And then other ones, it's very sad.

00:47:54.000 I mean, when I started this, you project yourself on it.

00:47:56.000 I'm 26.

00:47:57.000 I thought it was fun.

00:47:58.000 I was in on the bet.

00:47:59.000 And then I threw this platform that I've been so fortunate to have.

00:48:04.000 You get real stories.

00:48:05.000 Some people were reaching out to me of just super, super sad things of like, I was financially stuck in an abusive relationship and I can finally leave that.

00:48:14.000 And like that just resonates like I started this for the lows and the jokes but like seeing what it's become and like positively impact it and I get what you're saying about like certain material things but I think um just how I'm like a deeply human level how upset people have been like with how their life has been going they viewed they're clinging on to hope and I think that cling on to hope is the exact reason why these hedge funds, they're not going to end up winning it because I think they're undervaluing people's ambitions.

00:48:42.000 So hold on that.

00:48:42.000 It starts as the joke, but when you like really unpack the psychology of it, I just don't see how they end up winning this particular one.

00:48:50.000 I think a lot of this is evidence to state that the U.S.

00:48:55.000 dollar is going to collapse to some degree, meaning it'll exist.

00:49:00.000 I'm not saying it will cease to exist.

00:49:02.000 But if you've got people who are getting millions of dollars and then just putting it right back in, if you've got hedge funds now joining in and people don't want to work, what's the value of a dollar if you can't buy something with it?

00:49:15.000 So if somebody's got millions of dollars in stock, they don't need a job.

00:49:21.000 If people are getting paid by the government, unemployment checks, bonuses, they don't need to work.

00:49:26.000 If you can't even buy the PlayStation you want, then what am I looking forward to with working anyway?

00:49:30.000 My bills are covered.

00:49:31.000 So what happens then is the ultra wealthy, the hedge funds who are like, we've got a billion dollars.

00:49:36.000 What do we do with it?

00:49:37.000 Nobody wants to work.

00:49:38.000 We can offer people more and more and more money.

00:49:40.000 They still won't take the jobs.

00:49:43.000 The money has no value if people don't want it.

00:49:45.000 That's the value of the currency.

00:49:46.000 It's the confidence behind it.

00:49:47.000 Anything, really.

00:49:49.000 So it seems like right now a lot of people have more faith in AMC's stock.

00:49:53.000 Not even necessarily as a company, just like the meme stocks.

00:49:56.000 Then they do the actual US dollars to do something with.

00:49:59.000 Oh yeah, and I think that's why what we saw playing out with Dogecoin, why it happened.

00:50:03.000 It's like, I'd rather take that bet.

00:50:05.000 And whether people are actively paying attention to it or not, you alluded to it before, the inflation is incredible.

00:50:13.000 Like the can we are kicking down the road is way beyond a can.

00:50:16.000 We are rolling a barrel of oil and there's like a flame right behind it.

00:50:21.000 It's just the policy of unlimited quantitative easing.

00:50:25.000 I get it at a high level of like, let's help out with unemployment.

00:50:28.000 Let's just see if we can assist with it.

00:50:30.000 But the degree, the magnitude to which it's like surpassed 2008 and 2009, it's just unlimited currency.

00:50:38.000 Of course it's going to devalue it.

00:50:40.000 And then like, I'm sure you guys are better to comment on like, then what it changes in Competition to the yen and that stuff.

00:50:47.000 There are serious political, global ramifications of the actions, and I'm by no means an economic expert, but I'm at least smart enough to recognize it's not good.

00:50:57.000 Yeah, I think... I'm not going to tell anybody what they should or shouldn't do.

00:51:01.000 I don't give financial advice on this show, but I'm buying crypto.

00:51:05.000 I'm buying crypto, man.

00:51:06.000 I was reading... What was I reading today?

00:51:08.000 Well, for one, we saw recently Goldman Sachs announced They're like, you know, oh, crypto is a new, you know, key asset or whatever, an asset, a class, an asset class.

00:51:18.000 So they're like telling people, like, this is something you want to buy.

00:51:21.000 And Bitcoin is decentralized.

00:51:23.000 It's it's possible, but, you know, extremely difficult to to manipulate.

00:51:28.000 You know, there's there's things you can do, like with what Elon Musk did.

00:51:32.000 But I look at what the rich people are doing and I'm like, they're preparing for something.

00:51:35.000 You know, there was there's a Mountain bunkers in, like, New Zealand.

00:51:40.000 You guys ever hear about this?

00:51:41.000 Rich people have, like, landing strips in mountainsides.

00:51:44.000 Like D-Day bunkers, almost?

00:51:46.000 Yeah, so, like, the apocalypse happens, they get in a plane.

00:51:48.000 It's like, why not, man?

00:51:49.000 If you're worth... You think Bezos doesn't have a Fallout vault?

00:51:53.000 Why wouldn't he?

00:51:54.000 Like a seed vault.

00:51:54.000 Definitely does.

00:51:56.000 You know that Arctic seed vault they have.

00:51:58.000 Svalbard?

00:51:59.000 No, no.

00:52:00.000 Yes, in Svalbard.

00:52:00.000 Yeah, I think it is.

00:52:01.000 I don't think, I mean maybe, I'm saying straight up like if I was Jeff Bezos, I would literally make like a vault tech vault.

00:52:09.000 I'd be like just, you know, I don't want to do any experiments like they do in the game.

00:52:12.000 I just want to have a regular vault.

00:52:13.000 So build it.

00:52:14.000 Why wouldn't they?

00:52:15.000 But they do.

00:52:15.000 They do have things like this.

00:52:16.000 They sell, like, missile silos that have been converted into homes.

00:52:20.000 You can, like, you go down, like, 16 or 20 stories, whatever.

00:52:23.000 So, anyway, rich people have prepared for a lot of really crazy things.

00:52:26.000 But now you look at what's going on with cryptocurrency.

00:52:29.000 Yeah, the ultra-wealthy are buying into it big.

00:52:32.000 They're manipulating it big right so Elon Musk pulled a really shady move he announces. Hey, we're gonna be doing

00:52:38.000 Bitcoin Bitcoin for Tesla I think that was this year right yeah

00:52:40.000 He says we're gonna do Bitcoin for Tesla then he gets a bunch of Bitcoin and then announces

00:52:45.000 We're not gonna do it anymore Then the value drops, but what happened the people who were

00:52:50.000 selling the crypto were poor people They were essentially the retail investors people what a

00:52:54.000 couple hundred bucks here and there who panicked when they saw it collapsing and like oh

00:52:58.000 No, Elon Musk doesn't want to use it anymore. Oh, no square says they're not gonna use it

00:53:01.000 So they all sell.

00:53:03.000 Guess who buys it up?

00:53:04.000 The rich people.

00:53:05.000 The rich people buy it all up, and then after that dip, Goldman Sachs comes out and they're like, oh by the way, we're going to recommend all of our wealthy clients buy more into this.

00:53:16.000 So I'm like, I look at what they're doing.

00:53:18.000 I wouldn't necessarily do everything they've done.

00:53:21.000 You know, shorting GameStop seemed to have been a very bad idea at AMC.

00:53:25.000 But I also wonder if what they're doing with crypto manipulation is to cover their losses.

00:53:30.000 Like a lot of these hedge funds are like, if we go belly up, it's going to be 2008 all over again.

00:53:36.000 What can we do?

00:53:36.000 And it's like, well, let's steal the money from poor people through cryptocurrency and use it to cover our losses.

00:53:41.000 It's one of those things that on my end of it, it's hard to tie things exactly together unless you're the one executing the trade, but we really commonly see the opposite moves as if they're trying to cover margin requirements, liquidity calls in other markets and that stuff.

00:53:58.000 And it's an easier asset class to move money, to wash money through.

00:54:02.000 You do see weird things, and I'm like, maybe at that point I'm putting on my tinfoil hat, but I don't know.

00:54:07.000 It just seems very, very realistic.

00:54:10.000 I've got two views on this. 0.96

00:54:14.000 How could a regular person think that they're going to be able to beat the hedge funds who have got friends in government covering their asses?

00:54:22.000 At the same time, I wonder how can the hedge funds think they're going to go up against 3.2 million regular people who can just flood the zone with cash and shut them out?

00:54:29.000 It's hard to know which way it's going to go.

00:54:31.000 I mean, one thing we haven't touched on is at the start of February, the brokerages just stopped the buying.

00:54:39.000 And everyone's like, you can do that?

00:54:40.000 Right.

00:54:41.000 Robinhood shut it all down.

00:54:42.000 Almost all of them did.

00:54:44.000 Robinhood, I guess, became the symbol of it just because of their name.

00:54:47.000 They're like, it doesn't seem like you're Robinhood.

00:54:49.000 That's pretty weird.

00:54:50.000 Robinport.

00:54:50.000 Yeah, but they were robbing from us, but they stopped it, and everyone's like, whoa, whoa, whoa!

00:54:56.000 Like, whatever we've been pitch of this concept of the free market, we're like, that seems super not free market.

00:55:03.000 Hey man, like, what's going on?

00:55:05.000 And we're not, like, the way the legal system moves, it's so slow, and like, right now there are certain federal and statewide cases against Robinhood.

00:55:13.000 But you hope it doesn't happen again, but we're about to find out most likely and we'll see.

00:55:18.000 But the amount of distrust in the system at large, whether it's the political system, the economic system, I feel like it's growing.

00:55:28.000 And like, I don't know, like at my age, maybe I just haven't seen enough.

00:55:31.000 Maybe it's been worse at other times, but the times that I've been actively paying attention to it, it does seem like it's upticking of just like the underlying anger and distrust for our systems.

00:55:41.000 How much of this is just greed?

00:55:43.000 Just people like, I'm gonna turn my paycheck, I'm gonna double my paycheck right now, you know what I mean?

00:55:46.000 Like, you go, you work, you get a couple hundred bucks, or, I mean, a lot of people aren't working, but let's say you did work and you got paid a thousand bucks, you're like, whatever, I'll put in an AMC for the week, pull it out back at two thousand, right?

00:55:56.000 Mm-hmm.

00:55:57.000 I mean, very possible, but I could also argue it's greed the other way of, why do they keep shorting it?

00:56:03.000 They think they're so right, and they're trying to make money about driving a company into the ground.

00:56:07.000 It's just, I mean, I think everyone's in it for self-benefit.

00:56:11.000 It's just like, you're going to argue your point stronger.

00:56:14.000 Crypto's a really good example of the greed, I think, because we get super chats all the time.

00:56:18.000 And it's like, you know, Tim, you really got to look into this particular cryptocurrency.

00:56:22.000 And it's called like, you know, Flobble coin or something.

00:56:24.000 It's like, I've never heard of this.

00:56:26.000 It's worth like 0.00001 of a cent.

00:56:29.000 And it's like, I personally have 14 billion of these coins.

00:56:32.000 So like, everybody's got to get it.

00:56:34.000 It's the new thing.

00:56:35.000 And I'm like, is it the new thing?

00:56:37.000 Or is it just the one you bought?

00:56:38.000 And you want everyone to buy in so you can cash out.

00:56:40.000 Yeah, I mean, I think I even experienced a little bit of that after the Doge run up.

00:56:45.000 Like, everything seemed to be like, they even pitched us that.

00:56:48.000 They're like, oh, it's just another meme one.

00:56:49.000 Like, they were trying to hop into it.

00:56:51.000 And I always took the argument that it's very difficult to recreate a perfect storm.

00:56:57.000 But man, if GME was one, it seems like the community at large is about to pull it off with AMC again.

00:57:03.000 They, to some degree, pulled it off with Doge, and we don't even know if that storyline's really over.

00:57:08.000 Like, the same thing, it went up, might be taking a breather, sell out a new price, and then rip again.

00:57:12.000 Like, you just don't know, but it seems like all the changes, and maybe it's because of technology, it happened so much more rapidly, and at, just like, The ferocity of it is just such a greater magnitude of like just the the swings up and down just across the board.

00:57:28.000 It's nuts.

00:57:31.000 Like I'm watching the like my stocks and I'm like if I was perfectly trading like here's the peak sell like here's the dip buy.

00:57:40.000 You'd be making, like, millions per day.

00:57:42.000 Just, like, and it's an exponential increase.

00:57:42.000 Oh, yeah.

00:57:44.000 The more money you make, the more you do, and eventually you get so big, you're actually swaying the market yourself with your buying and your selling.

00:57:50.000 Like, the act of buying the dip makes it spike up, and then you, when other people get FOMO and buy in, you sell.

00:57:56.000 That, it's just, you know, watching cryptocurrency prices, where it's like $42, $33, $37, I'm like, man, people are becoming billionaires off this.

00:57:56.000 Yeah.

00:58:05.000 Yeah.

00:58:06.000 The ones who are pulling off those trades perfectly.

00:58:09.000 I can't see, man, how an economy like this works.

00:58:12.000 I don't understand it.

00:58:14.000 It seems like we're not completely off the rails, but it feels like the train is kind of shaking.

00:58:20.000 It's starting to get there.

00:58:21.000 It's like really picking up, but I wonder that.

00:58:23.000 It's like one of those things, like maybe should I have just started the economy for like five decades of my life?

00:58:27.000 And I'm like, oh, this happens every so often.

00:58:29.000 Or is it a legitimate shift in the direction that we're actually going?

00:58:33.000 Like, is it truly unsafe?

00:58:34.000 I think there's a shift.

00:58:36.000 I think something's gonna change.

00:58:37.000 So we got the story from NBC10 Philadelphia.

00:58:37.000 Check this out.

00:58:41.000 In a convenience store chain first, Pennsylvania's Sheetz, I'm saying that very carefully for YouTube, to start accepting crypto.

00:58:49.000 Quote, we're very excited to be working with Flexa to roll out support for cryptocurrencies and other types of digital assets at our stores.

00:58:55.000 Linda Smith, payments manager for Sheetz, said, gotta be very careful with that.

00:59:00.000 We're probably getting demonetized anyway.

00:59:01.000 They're gonna be like, you can't say those words.

00:59:03.000 So anyway, they announced that they're going to be taking Bitcoin, Dogecoin, Ethereum, Litecoin, and other cryptocurrencies.

00:59:13.000 This is a major chain.

00:59:14.000 I mean, you've had Sheetz before, right?

00:59:16.000 Yeah.

00:59:17.000 I love Sheetz. 0.82

00:59:18.000 You do?

00:59:18.000 That was like my high school.

00:59:19.000 It's like Wawa versus Sheetz.

00:59:21.000 College stop at place after rehearsals.

00:59:24.000 It's pretty good.

00:59:25.000 And they got good selections.

00:59:25.000 Yeah.

00:59:26.000 It was groundbreaking when you could go in, you have a machine, and you could pick, like, I want a sausage sandwich with onions and this, and then it's made to order.

00:59:34.000 First gas station I'd ever seen that at.

00:59:36.000 It's more of just a gas station.

00:59:38.000 I'm a Penn State alumni, and the current CEO, she's from the area family and everything, so she talked to some of the business entrepreneurship classes.

00:59:47.000 Who do you think their biggest competitor is?

00:59:48.000 Sheetz? 1.00

00:59:51.000 I gotta get creative here.

00:59:52.000 It's not a gas station.

00:59:54.000 It's the region, so I have no idea.

00:59:55.000 I don't know.

00:59:56.000 It's McDonald's.

00:59:57.000 Wow.

00:59:57.000 What?

00:59:58.000 And like, we all think gas, but you knew it right away that it's not gas.

01:00:01.000 All their margins are in food.

01:00:02.000 They completely view it to be a competitive service to McDonald's, and that's who they're always focusing on.

01:00:07.000 Gas is a good idea. 0.71

01:00:08.000 It's like, if I gotta stop for gas and I'm hungry, it's like, oh, that one's got a gas pump, the other one doesn't.

01:00:12.000 Mm-hmm.

01:00:13.000 I guess there's some places on the road when you're like driving on a road trip You'll see a McDonald's with gas pumps, but it'll be like a.m.

01:00:18.000 P.m.

01:00:18.000 Gas pumps with a McDonald's attached.

01:00:20.000 Yeah, exactly So this is this is big I look at what's going on the stocks and I wonder if it's all still part of the plan You know a bunch of people get these these stimmy checks They throw them in stocks and then everyone rallies and everyone's cheering for it And then I wonder if the big move is to get cryptocurrency new technology new opportunity certainly a lot of people became rich off Dogecoin certainly a lot of people lost a lot of money on Dogecoin because It's a game of hot potato, I guess.

01:00:44.000 If you didn't sell your Dogecoin, you didn't lose anything.

01:00:47.000 But some people panicked and sold, and they ended up losing everything.

01:00:50.000 So I wonder if there's gonna be a big shift, and, you know, with more and more corporations adopting crypto, what is it, I think KFC announced they were doing Dogecoin as well?

01:01:00.000 Because it's good marketing.

01:01:00.000 Yeah.

01:01:02.000 Yeah, there's something about that.

01:01:03.000 And Doge might actually be a good crypto cash.

01:01:06.000 It is a low-cost, easy-to-transact coin.

01:01:09.000 It takes little energy.

01:01:11.000 It doesn't matter if it's inflationary, because you're doing quick transactions with it, you don't store your value in it, you store your value in Bitcoin.

01:01:18.000 So it's actually, might actually be pretty good.

01:01:21.000 Ian's got this look on his face like, no. 0.98

01:01:22.000 I think it's such trash, dude. 0.99

01:01:24.000 Why? 1.00

01:01:24.000 It's such, it's such filamental trash. 1.00

01:01:28.000 It's like, you can make as much of it as you want, and it has no- Ten thousand per day, I think. 0.97

01:01:33.000 Hopefully they're going to keep making that much, but there's going to be like, what is it, a trillion, 30 trillion of them or 48 billion of them or something?

01:01:40.000 But think about this.

01:01:41.000 You have your money stored, your value stored in Bitcoin, and you're like, I'm going to go to the store today.

01:01:46.000 So you pull up your phone, you swipe and say, transfer Bitcoin to Doge.

01:01:50.000 And then you scan your thing, boop, and you transfer the Doge.

01:01:52.000 That's the future of economics.

01:01:54.000 You have some doge for quick cash and most are value stored in Bitcoin.

01:01:58.000 And like, I think a company should be able to say, if you pay us with doge, we'll give you 10% off.

01:02:02.000 If you pay us with Ethereum, we'll give you 7% off if you pass.

01:02:05.000 So then it's up to you as a consumer to pick the currency that they want you to use.

01:02:10.000 And they probably are holding a bunch of that currency.

01:02:12.000 So it increases the value of the currency when you buy it.

01:02:15.000 And I mean, this is a healthy market.

01:02:17.000 It's not the first time we've heard a big business adopting crypto.

01:02:21.000 But I do think it's big because it's a gas station.

01:02:23.000 And there's incentive now for people to have more.

01:02:26.000 You know what's really fascinating is I used to do videos on Bitcoin and they would just tank.

01:02:30.000 Nobody cared.

01:02:31.000 So a few years ago, 2018, I'm like, man, these Bitcoin prices are crazy.

01:02:37.000 And it would get like 40% of my average view count.

01:02:40.000 But if it was an important story I'd cover it anyway.

01:02:40.000 It was like really low.

01:02:42.000 I'd say, well, you know, I got to talk about this.

01:02:44.000 Now it's like we had big Bitcoin stories and I'm like definitely gotta talk about this in some of my most viewed videos.

01:02:48.000 Like the interest is absolutely off the charts for regular people looking into crypto.

01:02:53.000 I would love for us to be off fiat and in crypto. 100%.

01:03:01.000 I'm interested in how we're going to replicate cash, because I like cash.

01:03:04.000 Like, will it just be Doge Cash?

01:03:04.000 Dogecoin!

01:03:06.000 It'll have like a little RFID chip on the bill?

01:03:06.000 Yes!

01:03:08.000 No, you have your phone!

01:03:09.000 But then it's if the power goes out, you're in trouble.

01:03:12.000 I want to find the solve for... Well, if there's a solar flare.

01:03:18.000 I know, obviously I'm going out of line here.

01:03:21.000 Hold on.

01:03:21.000 Theoretically, you could like enter your passphrase into any terminal and access your Doge account.

01:03:28.000 I don't want to put a microchip under my skin.

01:03:29.000 No, you don't have to like it's it's that 10 word phrase, right?

01:03:32.000 Imagine if you walked up to a kiosk, you never needed a card again.

01:03:35.000 You just went, you know, dog, car, elephant, banana ship, and then boop.

01:03:41.000 There's something about having the in your hand and it's like, this

01:03:45.000 is the thing that you want.

01:03:47.000 It's not in my mind.

01:03:49.000 It's not in some database.

01:03:51.000 Yeah, like I can hand it to you and you can hand me the thing.

01:03:53.000 Maybe that's going to be considered old school because like you can rob it and like you can't rob an idea necessarily.

01:04:00.000 I think we're seeing the Great Reset, brother.

01:04:02.000 Oh, that's for sure.

01:04:03.000 Yeah.

01:04:04.000 Are you familiar with the Great Reset?

01:04:06.000 Oh, I thought you meant more of like a higher meta level, just like we're hitting some sort.

01:04:10.000 What do you mean specifically?

01:04:11.000 So there's the World Economic Forum, the Davos Group.

01:04:14.000 They've proposed something called the Great Reset, which they just refer to as a reset of global capitalism.

01:04:20.000 So you look at what's going on with the chaos in the stock market, the chaos in the crypto markets, the chaos in the dollar, the mass printing of money, the quantitative easing.

01:04:28.000 The economic shutdown.

01:04:30.000 Now the meat shortages, the gas shortages, and... What's happening is that... I think the dollar's gonna...

01:04:38.000 You know, crap out. 0.95

01:04:39.000 And I think if you can't buy a burger, the barbecue shop down the street put up a sign saying, we don't sell brisket. 0.98

01:04:46.000 It's too, it's too expensive.

01:04:47.000 So it's not worth it for us.

01:04:48.000 I'm like, you can't get brisket at a barbecue shop.

01:04:51.000 What are you doing?

01:04:52.000 You know, so they do have it now, but it flickered in and out.

01:04:56.000 Now we're hearing there's gonna be more meat shortages, chicken shortages.

01:04:59.000 If you can't get it, what good is your money?

01:05:02.000 Right?

01:05:04.000 Can't go driving, there's no gas.

01:05:04.000 Gas shortages.

01:05:06.000 I'm not gonna go wait in line.

01:05:08.000 When those huge lines run out of those gas stations because of the Colonial Pipeline hack, how many people probably said, you know what, I think I'll go for a walk today?

01:05:14.000 Huh.

01:05:15.000 You know what's really crazy?

01:05:16.000 You know what's becoming extremely popular right now?

01:05:19.000 Rollerblading.

01:05:21.000 Yeah, it's awesome to do that.

01:05:22.000 No, because bars were shut down, restaurants were shut down, and the repeated sentiment

01:05:28.000 across the board from people is, I had nothing to do and I was bored, so I went in my closet

01:05:33.000 and grabbed my old rollerblades.

01:05:35.000 No joke.

01:05:36.000 So now it's becoming really popular.

01:05:38.000 Rollerblades in the US are like sold out across the board.

01:05:40.000 Wow.

01:05:41.000 Yeah, this is crazy.

01:05:42.000 Yep.

01:05:43.000 Roller skating, too.

01:05:45.000 Like, women seem to be roller skating for the most part, and men are rollerblading. 0.99

01:05:49.000 But this is a profound change in human desire.

01:05:53.000 All of a sudden, there's videos like 40 and 45-year-old dudes being like, I'm gonna go rollerblade.

01:05:59.000 Because they've got something to do, finally.

01:06:01.000 But you don't need money for that.

01:06:03.000 Then you get some guy who's a Dogecoin millionaire, and what does he do?

01:06:06.000 He's like, I don't got anything to do with it!

01:06:07.000 So he buys a Lambo, I guess, and then puts the money back in Doge and just sits on it.

01:06:12.000 It's interesting to see what people revert to.

01:06:14.000 So in 2008, 2009, most stocks did horribly, but tobacco alcohol actually continued to rise.

01:06:22.000 In this last run in 2020, Home Depot and Lowe's killed it.

01:06:27.000 Everyone's doing DIY projects.

01:06:29.000 They're like, I'll do this.

01:06:31.000 It's that garage project.

01:06:32.000 It's just something to do.

01:06:33.000 And their online sales, they destroyed it.

01:06:36.000 And then what happened?

01:06:37.000 Lumber and steel costs are through the roof and now people can't get it.

01:06:41.000 Lumber's insane.

01:06:42.000 I'm not too familiar with steel.

01:06:44.000 Oh, actually, no.

01:06:45.000 X is a stock that is the U.S.

01:06:47.000 steel or whatever.

01:06:48.000 Has it gone down or up?

01:06:50.000 Up.

01:06:51.000 And didn't lumber just hit a new high?

01:06:53.000 I don't know if it's a new all-time high, so that's relating to home costs going up.

01:06:53.000 It's been ripping.

01:06:57.000 So look at what's happening.

01:06:58.000 What did the climate change people say?

01:07:00.000 You gotta stop eating red meat.

01:07:02.000 I've heard this since I was a little kid.

01:07:04.000 All my vegetarian and vegan friends were like, it's really bad for the environment.

01:07:08.000 What does Greta Thunberg say? 0.79

01:07:10.000 We must get our fossil fuels tomorrow.

01:07:10.000 How dare you?

01:07:13.000 Not 2030, not 2025.

01:07:15.000 Tomorrow.

01:07:16.000 What gets hacked?

01:07:17.000 Oil.

01:07:18.000 Meat.

01:07:19.000 Wow.

01:07:19.000 What skyrockets in cost so people can't buy it?

01:07:22.000 Lumber.

01:07:23.000 Yep.

01:07:23.000 Steel.

01:07:24.000 So what do people do?

01:07:25.000 They go outside and go for walks and they go roller skating.

01:07:29.000 They're doing things that don't cost them money.

01:07:31.000 Meanwhile, other people who are, like, buying fake money are millionaires.

01:07:36.000 Like, the whole system is out of whack.

01:07:38.000 It's a great reset.

01:07:41.000 It's people's... We are experiencing, whether it's intentional or not, a reset of global capitalism.

01:07:48.000 People are finding more value in going to the park, going for walks, building things and DIY projects, instead of owning stuff and eating food and stuff in their faces.

01:07:58.000 Have they commented on what it looks like after that?

01:08:03.000 Where does it go from there?

01:08:04.000 If it is right, where does it go?

01:08:06.000 By 2030, you will own nothing and you will be happy.

01:08:09.000 Yeah.

01:08:11.000 They made a video, it went viral, they deleted it.

01:08:13.000 Because it generated a ton of controversy.

01:08:15.000 People apparently like owning things.

01:08:18.000 But Davos group says you will not own anything.

01:08:21.000 And I think we're on track with people not owning anything.

01:08:23.000 It seems like it.

01:08:24.000 There's like a 10 point thing of... Do you remember any of the other things of what they said?

01:08:28.000 They gave like a bullet list of the things they were expecting to be different.

01:08:32.000 If this was... Like I don't think the American government would crash its own economy, but because this is Davos...

01:08:38.000 Great, you know, economic foreign things like a global, I don't know, Swedish or something.

01:08:42.000 Okay.

01:08:43.000 No, Swiss. 0.98

01:08:44.000 Swiss, I think, Davos. 0.82

01:08:45.000 That I imagine they're just like a parasite controlling the Federal Reserve, making it, allowing it to print, print, print, print, print. 0.80

01:08:54.000 Good for business for them anyway, it seems like.

01:08:57.000 What is it, 30 visions of a better future?

01:08:57.000 Interesting.

01:09:01.000 What is it?

01:09:02.000 The Great Reset.

01:09:04.000 Cutting violent crime in half.

01:09:06.000 I can't remember what the article was.

01:09:07.000 I think they deleted it.

01:09:08.000 That's why.

01:09:08.000 You will sleep in a pod.

01:09:10.000 Yeah, it was like what the future will be like after the Great Reset.

01:09:14.000 There's a bunch of stuff.

01:09:15.000 We've got this one from the World Economic Forum saying the 10-year plan.

01:09:20.000 I'm not gonna read through it, but they're like respect nature and a bunch of other stuff.

01:09:24.000 I don't know.

01:09:24.000 Climate crisis.

01:09:27.000 To address the climate crisis, defend human rights, embrace circularity, protect the Amazon, and be humankind and regeneration.

01:09:34.000 What is circularity?

01:09:36.000 It sounds so legit.

01:09:38.000 I will tell you this right now.

01:09:39.000 I genuinely believe that they are correct.

01:09:42.000 By 2030, people will own nothing and they'll be happy.

01:09:44.000 I think so.

01:09:46.000 Maybe.

01:09:47.000 So what does life look like then?

01:09:49.000 People living in vans, eating bugs.

01:09:52.000 Renting stuff.

01:09:53.000 Vans that they're leasing.

01:09:54.000 You know, happiness is fairly relative.

01:09:56.000 There are a lot of people who live in countries where they live in vans and eat bugs and they love life.

01:10:00.000 There are a lot of people in America who don't like being forced to have their resources dripped away and are unhappy with that.

01:10:05.000 So, uh, I can understand it.

01:10:07.000 But I don't think it matters.

01:10:08.000 I think the system is in chaos.

01:10:11.000 Like, you can't have what's going out in the stock market, be it fun, funny, good, or whatever.

01:10:16.000 You can't have it.

01:10:17.000 It makes no sense for someone to have to go and be a sewer tech Wading through five feet of sewage, and then some other dude is like buying meme stocks and becoming a millionaire.

01:10:28.000 That economy makes no sense.

01:10:30.000 Economy, like a real market's gonna be like a guy says, hey, I'll clean the sewer in exchange for goods and services you pay for.

01:10:35.000 But now you've got people who aren't doing much of anything other than memeing and becoming ultra wealthy.

01:10:41.000 Eventually the guy in the sewer is gonna be like, I'm not gonna do this anymore.

01:10:44.000 I'm gonna do what he's doing.

01:10:45.000 I'm gonna go buy a bunch of stock.

01:10:48.000 Or Dogecoin!

01:10:49.000 And that's what we're seeing now.

01:10:50.000 We're seeing people who aren't working these jobs.

01:10:53.000 So there's a shortage of a ton of weird things.

01:10:55.000 Like we mentioned chlorine.

01:10:56.000 And there's a shortage of raw materials to make things, which means there's going to be way more shortages coming soon.

01:11:02.000 I was trying to buy some computers for the studio.

01:11:05.000 So we tried buying this one computer two months ago now.

01:11:09.000 Can't get it.

01:11:10.000 They're like, sorry, you know, the parts aren't available.

01:11:13.000 The latest update is, we're hoping within the next week, it will finally be here.

01:11:16.000 Nice.

01:11:17.000 We'll see.

01:11:18.000 But we also need general workstations, so I go online, I go to this, you know, famous store, and I'm like, I'd like to see what you have in stock.

01:11:23.000 They had nothing.

01:11:24.000 They had like, they had a few gaming laptops, I'm sorry, gaming desktops, I bought them, and they're like, not good.

01:11:24.000 Wow.

01:11:30.000 There's shortages of everything.

01:11:32.000 And so what happens is, people see the story where it says, you're gonna own nothing and you'll be happy.

01:11:37.000 A lot of people get mad.

01:11:38.000 They're like, what are you gonna do, take away our stuff?

01:11:41.000 No, what they're gonna do is, they're gonna choke the supply.

01:11:43.000 You can't buy the meat, you can't buy the gas, you can't buy the computers, they don't exist.

01:11:47.000 Nobody wants to work, so it doesn't exist.

01:11:49.000 If the PS5 doesn't exist for a long enough time, people eventually say, I'm done.

01:11:53.000 I'm done sitting here trying to buy it.

01:11:54.000 How many months has it been since PS5 came out?

01:11:57.000 Like seven or eight?

01:11:57.000 Yeah.

01:11:58.000 And I know people who are like, I go on every day trying to get, I can't get it.

01:12:01.000 I give up.

01:12:02.000 I don't want it anymore.

01:12:04.000 They go in their closet, they find skateboard, rollerblades, a basketball, and they go and do something else.

01:12:04.000 So what do they do?

01:12:09.000 Bike, yeah. 1.00

01:12:10.000 Something that's gonna keep them occupied.

01:12:13.000 This makes me think of, like, the lead-up to the Great Depression of the 20s, 1920s.

01:12:18.000 People, there was this, like, how do we call it, like, mania about buying stock.

01:12:18.000 1920s.

01:12:23.000 Because all these people were making massive, and they were buying it on margin.

01:12:26.000 Yeah, and they started buying it on margin.

01:12:27.000 It, like, leaked to the public that you could get rich in the stock market.

01:12:31.000 So everyone, all these people started getting involved.

01:12:32.000 They started...

01:12:34.000 Put buying stock on collateral, which is margin.

01:12:36.000 Like you take a loan out based on something you own, and then you buy the stock without hoping the stock goes up.

01:12:40.000 If the stock goes down, they do what's called a margin call.

01:12:43.000 You obviously know this, but just if anyone's listening doesn't know.

01:12:45.000 And then you're forced to sell the stock at the current value, which is at a loss.

01:12:49.000 And then you've got to recover the cost of the loan.

01:12:53.000 And when it burst and fell, so many people lost everything because they were in on margin.

01:12:59.000 So maybe we're looking at a Great Depression.

01:13:01.000 I think we are.

01:13:04.000 And then do we get out of it the same way?

01:13:05.000 Just another war?

01:13:07.000 Get us out of it?

01:13:08.000 Do you know about the Strauss-Howe generational theory?

01:13:11.000 No, what's that?

01:13:12.000 So there's something called the fourth turning.

01:13:13.000 There's four seasons, right?

01:13:16.000 And I'll simplify it.

01:13:18.000 80 years ago, what was happening in the world?

01:13:22.000 Where does that bring us to?

01:13:23.000 The 40s?

01:13:24.000 Yeah.

01:13:26.000 The war?

01:13:26.000 We just got out of World War II.

01:13:27.000 Yeah.

01:13:28.000 What happened 80 years before World War II?

01:13:31.000 Was that the 1860s?

01:13:33.000 Another war.

01:13:33.000 Civil War.

01:13:34.000 What happened 80 years before the Civil War?

01:13:35.000 Revolutionary War.

01:13:36.000 That's right.

01:13:37.000 Every 80 years, we're just in some major war.

01:13:39.000 So that's, so there's, there are 20 year cycles.

01:13:42.000 And, uh, so there's, there's four turnings per cycle and we are in the fourth turning.

01:13:46.000 So independent of that thought, without you knowing about it, you said, is there going to be, how are we going to get out of another war?

01:13:53.000 Yeah, dude, maybe.

01:13:54.000 Like, if you saw it without us even bringing up Strauss' Generational Theory, maybe people are thinking there's gonna be a war.

01:14:03.000 So there's something else here.

01:14:05.000 So I'm really glad that was your... I shouldn't say I'm glad, but I find it fascinating that your immediate reaction was, how do we get out of a war?

01:14:13.000 Because there's also something we bring up a lot called Thucydides' Trap.

01:14:16.000 Which is a reference to when a rising economic power is about to supplant the dominant power, war breaks out and China is set to surpass the U.S.

01:14:23.000 by, guess what year?

01:14:25.000 2028, which is the final year of the fourth turning.

01:14:28.000 That's kind of nuts.

01:14:30.000 It's going to get crazy.

01:14:31.000 Well, what's nuts about now especially is just the advancement in technology.

01:14:35.000 I think Einstein has a quote about that.

01:14:37.000 He's like, I don't know what World War Three will be fought with, but World War Four will be sticks and stones.

01:14:42.000 Yeah, he was wrong.

01:14:44.000 Why's that?

01:14:45.000 You know, when people predict the future, they base the future off of their current level of technology, which is unfortunately incorrect.

01:14:52.000 And rarely do people predict the future properly.

01:14:55.000 You know who did a really, really good job of predicting the future?

01:14:59.000 Star Trek The Next Generation.

01:15:02.000 Calling the computer's name and asking a question.

01:15:04.000 Now the questions they ask are kind of ridiculous, like, you know, calculate this, okay, well, you know, our little friendly Amazon device can't do all that stuff, but you still say its name and tell it to do stuff.

01:15:13.000 And tablets.

01:15:14.000 Picard would walk around with a tablet and it was touchscreen.

01:15:16.000 They didn't have touchscreens like that back then.

01:15:18.000 So that was actually a really interesting view that worked.

01:15:22.000 But there's this famous photograph of firefighters, like from the late 1800s, 1900s, of firefighters with mechanical wings.

01:15:29.000 And they're flying and spraying buildings.

01:15:31.000 It's like, it's not going to happen.

01:15:33.000 We're not, you know, we're not, we don't, we don't do that.

01:15:35.000 So with Einstein, he's, he's looking at atomic technology.

01:15:39.000 He's looking at all the stuff and he thinks, wow, Whatever, you know, if we have World War III with this level of weaponry, anything after it's going to be sticks and stones, it'll wipe out the planet.

01:15:48.000 What he didn't understand was the expansion of communications technology and how it was going to affect people.

01:15:53.000 So now we're in fourth and fifth generational warfare, which is information war and propaganda.

01:15:58.000 Controlling financial markets is a huge aspect of fourth and fifth generational warfare.

01:16:03.000 If your enemy can't buy the supplies they need to feed their people, you win. 0.95

01:16:08.000 If you shut down their gas pipelines and they can't fuel their vehicles, you win.

01:16:12.000 If you shut down their meat plants and they can't feed their people, you win. 1.00

01:16:17.000 So now what we're seeing a lot more of is internet manipulation, election interference.

01:16:22.000 Like, you know, Russia did try to interfere in the election.

01:16:26.000 Not as crazy as most of the Democrats think, but they did, as did China, as did a bunch of other countries.

01:16:31.000 They're trying to manipulate things.

01:16:32.000 And that's more of what it's going to be.

01:16:34.000 It's going to be an info war.

01:16:37.000 Yeah.

01:16:39.000 I don't, I don't know if we'll actually, I don't know.

01:16:43.000 I think about this, this, this fourth turning thing and maybe we're about to shatter a mold that's been like, we've been in this repetition state, but because we have the knowledge and we can see the mistakes in the past that, you know, governments have, have used the, these military like, like companies to, to profit and make, we could make industry with graph, like graphene.

01:17:02.000 I'm obsessed with graphene for instance.

01:17:04.000 I knew it!

01:17:04.000 He's got a bottle of graphene.

01:17:06.000 I bought you the graphene.

01:17:06.000 He's got a bottle of graph I bought you the grant. I don't know if you're familiar with this materials pure craft pure

01:17:10.000 pure carbon Tim got me this it's powdered form graphene and it's

01:17:13.000 like a mono atomic layer of pure carbon and the use of scale. Let's just we'll slow down. It's an industry. Yeah.

01:17:22.000 To get away from graphene very specifically, the general idea is new technology could change things in a way we don't realize.

01:17:28.000 In a way that we wouldn't need war for, exactly.

01:17:30.000 War doesn't have to be the way that we profit out of a depression.

01:17:33.000 It could be technologically through materials.

01:17:36.000 Not materials, it's through information manipulation.

01:17:39.000 We don't need to drop bombs when we can just mind control through social media or massive media campaigns.

01:17:46.000 It's still war.

01:17:47.000 It's still conflict.

01:17:48.000 It's still a battle for control.

01:17:49.000 Wow.

01:17:50.000 It's just very different.

01:17:51.000 Maybe that's a good thing.

01:17:53.000 Maybe now it's arguments on the internet.

01:17:55.000 And some are in bad faith.

01:17:57.000 Some are out of context and manipulative.

01:17:59.000 But it's better than people blowing each other up, I guess.

01:18:02.000 Oh, for sure.

01:18:03.000 Although, if an AI tries to put us all in a bunch of pods to harvest our heat, is that better than war?

01:18:10.000 What if you're in the Matrix, bro?

01:18:12.000 Simulation theory.

01:18:12.000 We probably are.

01:18:14.000 I mean, we're probably going to go towards something like that.

01:18:17.000 Would you get in the pod?

01:18:19.000 The Matrix pod, you know?

01:18:22.000 You've seen the Matrix?

01:18:22.000 Probably not.

01:18:23.000 Yeah.

01:18:24.000 Would you rather be, you know, like Morpheus, like people should be free, or would you rather be like Cypher and be like, tastes like steak!

01:18:31.000 I mean that's a good question.

01:18:33.000 Maybe there's... I think people would go for it because you just feel like you're always going for some sense of truth.

01:18:38.000 Like you feel like you almost want the answer but I guess I can also be scary because you're used to what you know and it's like maybe I don't want to take that type of a pivot but...

01:18:46.000 That's tough, man.

01:18:47.000 It is.

01:18:47.000 I wonder how the- Like, in the Matrix, you live a normal life, you get steak at a restaurant, you work a job, life's not perfect, but it's good.

01:18:57.000 You leave the pod, now you're like, eyes hurt because you've never used them, you've got a bunch of holes all over your body, and you live in a gigantic underground steel chamber eating, you know, white goo.

01:19:08.000 But, you're free.

01:19:10.000 So would you rather die on your feet or live on your knees?

01:19:13.000 But on your knees they feed you steak, and on your feet you eat sludge.

01:19:17.000 See?

01:19:18.000 Depends what the sludge is made of.

01:19:19.000 You know what I- You know what- Here's the thing, though.

01:19:21.000 I would- I- To be fair, if you actually have watched The Matrix, you're better off leaving The Matrix.

01:19:26.000 You know why?

01:19:27.000 They can always plug you back in to the fake Matrix, where they could play video games and, like, download kung fu. 0.96

01:19:33.000 So, like, the worst case scenario is, you're free from the machines, you live a real life, and then, like, you plug yourself into your own private Matrix and, you know, you're a knight warrior shooting fireballs or whatever and fighting dragons.

01:19:45.000 I thought some of the people though, who the simulation theory on general, I know I'm like pivoting a little bit here, but math, like I get that's the argument of like you design technology so robust that you can pull that off and like, are we in that?

01:19:59.000 But if you have this infinite line of technology that did it and then within the simulation you did it again, blah, blah, blah, blah.

01:20:05.000 What is the statistical chance that we're at the end one that hasn't figured it out yet?

01:20:12.000 So, like, you're saying, like, we're in a simulation of a simulation of a simulation of a simulation?

01:20:16.000 No, if that was the theory, and, like, we just had this chain of a billion long, what is the statistical chance we're the last one that hasn't figured it out yet?

01:20:25.000 That's possible.

01:20:27.000 I actually think that's more likely, because there's no proof.

01:20:30.000 They say if we would eventually get there at the path we're headed, then it already happened.

01:20:34.000 But that doesn't make sense, because what if something Stopped it from happening, first of all, that you're not taking into account.

01:20:41.000 Just assuming that we will eventually get there doesn't mean that we're already there.

01:20:44.000 I don't think we've done it yet.

01:20:46.000 I think this is the building process right now.

01:20:48.000 So you think we're in reality prime?

01:20:51.000 Yeah.

01:20:52.000 I'm not so sure.

01:20:53.000 Jeez, good.

01:20:54.000 What is reality?

01:20:55.000 Have you smoked DMT?

01:20:58.000 That's... There's a... Their YouTube video is called, like, Tales from the Trip.

01:21:00.000 They're crazy.

01:21:01.000 Crazy stories.

01:21:02.000 Reality prime.

01:21:03.000 I tweeted one.

01:21:03.000 Do you know about DMT?

01:21:05.000 Yeah.

01:21:06.000 So there was one guy who basically said that he was doing DMT and then he met a purple woman who like knew him and cared about him and he's like, wow.

01:21:16.000 And then later he brought his friend over and his friend took DMT and he didn't.

01:21:20.000 And his friend told him that there was a purple woman there who said, they're friends of yours.

01:21:25.000 And he was like, whoa, I never told anyone about that.

01:21:28.000 So there's a lot of stories where this happens.

01:21:30.000 I don't know how much I believe it.

01:21:31.000 I want to see the scientific research.

01:21:32.000 But there are stories about research that was done where people, independent of each other, took DMT and then saw the same thing.

01:21:41.000 Or describe the same things.

01:21:43.000 It's really weird.

01:21:44.000 Maybe it's just, uh, a drug that affects you in a certain way and humans are affected in a certain way.

01:21:49.000 That's similar experiences.

01:21:51.000 I don't know.

01:21:52.000 Maybe we're, we're in a simulation.

01:21:52.000 It's similar.

01:21:54.000 You know, the body flushes DMT when you're in near death experience.

01:21:56.000 And we, if you watch like near death experiences, it's very similar to DMT trips.

01:22:00.000 Like they, they travel towards a light.

01:22:02.000 They feel, they feel lighter.

01:22:04.000 They feel, they see the people, they feel excited.

01:22:06.000 And then at the end they get sucked back in.

01:22:08.000 They feel that.

01:22:08.000 And I think that's gravity, like pushing them back.

01:22:12.000 You know, just to wrap it into what we're talking about, if this is coming up on another Great Depression, are the people that are getting massively wealthy now...

01:22:23.000 Somehow, like, Matrix Warriors.

01:22:26.000 Are they, like, are they... They're using trainers, bro.

01:22:29.000 Someone's got to call a mod in and get these hackers out of here, because this game's not fun anymore.

01:22:33.000 Like, are they more dangerous to the Matrix, so the Matrix is trying to bribe them to stay in it?

01:22:38.000 No, no, it's like, people are hacking, and so now you've got a bunch of people running around with crazy money, and the people who aren't are like, dude, it's not fair.

01:22:46.000 I don't want to play this game anymore.

01:22:48.000 Some 19-year-old dude is a Dogecoid millionaire, and I'm working at a factory. 0.97

01:22:53.000 Not okay.

01:22:54.000 So that's why I say, in all seriousness, the economy can't function that way.

01:22:58.000 Because eventually someone's going to be like, I quit my job at a factory and I'm going to go trade Dogecoin.

01:23:03.000 You know?

01:23:05.000 You could day trade cryptos and make a lot of money doing it.

01:23:09.000 It's not regulated.

01:23:10.000 It's creepy.

01:23:11.000 So a lot of people probably would just choose to do that.

01:23:14.000 Has it been like this the whole time?

01:23:15.000 The economy?

01:23:16.000 And I just wasn't involved with it?

01:23:18.000 No, I think communication technology made it rapid.

01:23:22.000 Yes.

01:23:22.000 You mentioned the Great Depression and people were buying stock, but you had to physically buy the stock.

01:23:26.000 You had to be there, tick the tape, call the broker.

01:23:29.000 And they're waving the paper in the air.

01:23:31.000 Yeah, it's very, very different now, the technology.

01:23:35.000 I don't know what I was reading or watching, but sometimes I wonder if we've gotten so advanced that our technology advancement has not also developed with our brain advancement.

01:23:45.000 Like, it's exponential in technology, but with us, like, even certain things, I think sometimes with psychology of, like, social media, if they love you or hate you, we're not used to those numbers.

01:23:56.000 Like, our unit size, like, we can, we're very good at picturing 20, 30, 40, but when you see a number like a million, we can't picture that, and it's just how we have developed and evolved.

01:24:06.000 Like, that's how we got to this point.

01:24:08.000 Our brains are very good at small, compact, unit types of things, And now social media has, you're interconnected with borderline 7 billion people.

01:24:17.000 You ever actually see a million dollars in cash?

01:24:20.000 No.

01:24:21.000 So people imagine, like the briefcase opens up, and it's filled to the brim, and they're like, it's a million dollars.

01:24:26.000 And there was a funny skit, where like, the mob guy comes in, he's like, you got the briefcase, and he opens it, and there's a tiny stack in the middle.

01:24:32.000 It's like, what's that?

01:24:33.000 He's like, the million dollars.

01:24:34.000 Or something like that.

01:24:34.000 And he's like, awesome.

01:24:35.000 Like, people don't realize that, what is it, 1,000 hundred dollar bills would not be a massive stack of cash.

01:24:41.000 A million dollars is not that big.

01:24:44.000 People don't get it because they assume it must be infinite.

01:24:47.000 It must be huge because a million is beyond our understanding.

01:24:51.000 Our brains are very bad at picturing large numbers.

01:24:51.000 Yeah.

01:24:54.000 Very, very bad.

01:24:55.000 I think you're so right that our brains haven't developed alongside with technology.

01:24:59.000 Because I remember 2003, 2004, 2005, I think the first iPhone came out and I was like, wow, we did it.

01:25:05.000 We solved it now.

01:25:06.000 We have access to all the information.

01:25:08.000 So that means we'll be able to answer all the problems.

01:25:11.000 And I just thought that's it.

01:25:13.000 2008 or nine is going to be great.

01:25:13.000 We did it.

01:25:15.000 But then did I realize the nefarious nature of.

01:25:15.000 We figured it out.

01:25:19.000 I remember my, my, my old candy bar phone, what internet was like on an old Nokia, you know?

01:25:23.000 And then I remember when the iPhone first came out and I was like, Whoa, and it's like, you could like zoom in and out.

01:25:28.000 Now it's just normal.

01:25:30.000 So it's really funny, there's a comic where, or a joke, someone says, they said, if you could go back in time and tell someone from the past something that would shock them, what would you say?

01:25:39.000 And the guy said, I hold in my hand a device that contains a summation of human knowledge.

01:25:45.000 I use it to argue with strangers and look at pictures of cats.

01:25:48.000 It's like, with all of that power, that's what we did with it.

01:25:51.000 Man, humans really are not that...

01:25:55.000 Profound yeah, they're not we we like to view ourselves very highly like we're so smart We've ended all invented all of these things and it's like dude It's it's sad to me.

01:26:04.000 Not everybody does it some people take the technology and they do great things with it but I think too many people argue with strangers and look at pictures of cats and Does it make it fun that there's a bunch of people like that?

01:26:16.000 Or is that like a flaw of our genome?

01:26:20.000 It's almost like NPCs, man.

01:26:24.000 Non-player characters.

01:26:26.000 There are people who are like, they get access to the summation of human knowledge and they use it to level up, increase their stats.

01:26:32.000 They're like, strength plus one, agility plus one.

01:26:35.000 They're looking up like proper lifting techniques.

01:26:37.000 And then you have a lot of people who are like on Twitter and just screaming, doing nothing.

01:26:41.000 And it's like, anger plus one, I guess?

01:26:45.000 Depression plus ten?

01:26:47.000 Some people do literally nothing.

01:26:49.000 They wake up.

01:26:51.000 They go work a menial job.

01:26:53.000 They don't think about it.

01:26:54.000 They use the internet for nothing substantive.

01:26:57.000 No passion.

01:26:57.000 No dreams.

01:26:58.000 Not everybody.

01:26:59.000 I'm not saying even most people.

01:27:00.000 I'm just saying there are a lot of people that are like this.

01:27:02.000 They're like just NPCs just, you know, milling about.

01:27:04.000 I've had days like that.

01:27:05.000 Sometimes I'll go through fitness, like, someone's not necessarily an NPC or not, but you can go into NPC mode and just train it in, that's for sure.

01:27:13.000 I think, I think people, some people are definitely NPCs.

01:27:15.000 Just, just, that's their base nature, and they, you need to pull them, you can give them sentience, I know you can.

01:27:23.000 Well, I'm not saying they aren't sentient, I'm just saying, like, I'm not saying they're literally non-player characters in a

01:27:29.000 simulation, although you can certainly talk about the philosophical ramifications of simulism.

01:27:33.000 But I'm just saying that there's some people that have no passion, no ambition, and they consume

01:27:36.000 and they sit around. That's it.

01:27:38.000 And they're content to do so.

01:27:39.000 Most people.

01:27:40.000 Is it most people?

01:27:42.000 I just watched a documentary on an author, Jordan Peterson.

01:27:48.000 Love that guy.

01:27:48.000 Yeah.

01:27:49.000 That was like many people who spoke to him.

01:27:52.000 Like I just I wasn't doing anything like they had no direction or anything.

01:27:52.000 That was it.

01:27:57.000 And it was just I guess my sentiment of it was basically like, hey, take on some responsibility.

01:28:02.000 Maybe you're going to be a little bit better off.

01:28:03.000 Like I haven't really been into that.

01:28:06.000 Um, but that was like the main reaction was so many people like that.

01:28:09.000 So when you were saying pulling them out of like that MPC mode, it's like do something like take it.

01:28:14.000 And it's weird.

01:28:15.000 The fact that right now we live in a time where you can like, we say we're bored blows my mind.

01:28:20.000 How is that possible?

01:28:21.000 Like we have connections to everything that like even 50, a hundred years ago, like those people could have actually been bored.

01:28:28.000 They baked all day and then they just sat and you just, you were done for the day.

01:28:31.000 Like that was it.

01:28:32.000 There's nothing else to do.

01:28:33.000 A couple hundred years ago here in the U.S., people would wake up at the crack of dawn, go farm, go to bed after late night, and then wake up at the crack of dawn, just work all day, go to sleep, work all day, go to sleep, and then the postal rider would come periodically with news.

01:28:49.000 They would have to go to town periodically, but, dude, people don't realize.

01:28:53.000 You gotta look at history.

01:28:55.000 How far apart everything was.

01:28:57.000 The American Revolution took 20 years.

01:28:59.000 People think it was like an overnight thing.

01:29:01.000 Like, the phone call comes in, we're declaring independence!

01:29:04.000 And then the king is like, I'll send my troops.

01:29:06.000 And he sends them right over and they're there within a few days.

01:29:08.000 No, it took months for the war to get back to England and to come back to the States.

01:29:13.000 So people, for the most part, their lives, 99% was farming.

01:29:18.000 Or whatever job they were doing in the town or whatever, but mostly not political.

01:29:22.000 Now, our lives, 99% political and 1% whatever it else we do.

01:29:26.000 Whatever else it is we're doing.

01:29:28.000 Why do you think it is it got so political?

01:29:30.000 Speed of communication.

01:29:31.000 Oh.

01:29:32.000 Yeah, look at, like, there could be a police brutality incident in the United States and then people in, like, Madagascar are protesting.

01:29:39.000 And I'm kind of like, why?

01:29:40.000 You know, like, why?

01:29:41.000 Why is it that people in London were having protests for Black Lives Matter when, like, something happened in the U.S.?

01:29:46.000 I'm like, the British cops are very different from the cops here.

01:29:49.000 What are you protesting?

01:29:50.000 And they just say whatever, you know, Marxist ideology, I guess.

01:29:55.000 I like that people are getting political, at least desire to be political.

01:30:00.000 So maybe that's an evolution.

01:30:02.000 There's pros and cons, man.

01:30:04.000 A lot of these people who normally just didn't care to be involved, who get involved now, don't understand what they're fighting for and fight for dangerous things.

01:30:12.000 So, uh, for instance, all the people marching around doing the red salute.

01:30:15.000 It's like commonplace now to see people doing the communist salute.

01:30:19.000 It's literally what communist Chinese party members do when they are joining the party and swearing in.

01:30:25.000 Now you've got people in the United States marching around in the street by the thousands all doing it.

01:30:29.000 And they say, Oh, but it doesn't mean that.

01:30:32.000 I'm like, I don't care what you think it means.

01:30:33.000 You're doing it.

01:30:35.000 So this is what happened when people who don't know what they're doing get involved in politics.

01:30:39.000 Yeah, lack of education.

01:30:41.000 even like that though, that example, is it another troll thing of just like, for

01:30:45.000 whatever reason, like some, I guess more of like dark sense of humor.

01:30:48.000 Do you think it's like a lack of education of like, what it truly meant?

01:30:51.000 Yeah.

01:30:52.000 Like of education.

01:30:53.000 Like imagine if you saw people like regular people, like a bunch of 1.00

01:30:56.000 millennial, you know, urban people in LA marching around doing the Nazi salute.

01:31:00.000 Right now they're doing the red salute.

01:31:04.000 It's the fist, you know?

01:31:06.000 And they're saying, oh, but you know, it means something else, I guess. 0.99

01:31:09.000 I'm like, bro, if a bunch of Nazis went around doing the Nazi salute saying it meant something else, I'd be like, shut up, dude. 0.98

01:31:14.000 And you'd agree. 0.91

01:31:15.000 Like, so you can't march around doing the red salute, what the communist party of China literally uses when they're swearing in, and then be like, oh, but it means something else.

01:31:24.000 Oh, okay, sure.

01:31:26.000 So you look at that photo of all the people doing the Nazi salute and the one guy, you know, frumping.

01:31:30.000 Yeah, man, like most people are just blindly following along with the authoritarian ideology that's sweeping across the West.

01:31:37.000 That's a good point.

01:31:38.000 They could be doing a different salute, like a little bit more creative or a little different than the Chinese Communist Party salute.

01:31:44.000 Well, I mean, it's not even the Chinese Communist Party salute.

01:31:46.000 It's the communist salutes, the red salutes.

01:31:48.000 It goes back to, like, you know, early, early 1900s Europe during the conflict between the communists and the fascists.

01:31:55.000 You know, so they're doing it and they can say whatever they want about it.

01:31:59.000 I'm like, I don't care, dude.

01:32:01.000 You're doing the red salute.

01:32:02.000 That's creepy.

01:32:03.000 Like these people, like if you, if you blindly march along with authoritarians who have historically murdered people and then you're like, I didn't know, or it doesn't matter.

01:32:13.000 I'm like, okay, that's a problem.

01:32:14.000 That's what, that's what happens to people who don't know what they're doing.

01:32:16.000 Get involved in politics.

01:32:17.000 They throw themselves behind really, really dangerous and bad people.

01:32:21.000 See, it wasn't that political in 2006.

01:32:23.000 I think it's more than just the speed of communication.

01:32:26.000 It does feel like, I don't want to beat a dead horse, but that the Global Economic Forum is intentionally dividing the people of the United States.

01:32:35.000 Why is everybody posting ducks in the chat?

01:32:38.000 Oh, yeah, that's it.

01:32:39.000 That's just a brand thing.

01:32:41.000 I was just poking fun at how seriously Wall Street people take themselves, so I always wear a crazy duck shirt.

01:32:47.000 I love it.

01:32:48.000 No reason.

01:32:49.000 It's just like a duck gang thing. 0.94

01:32:51.000 We'll take Super Chats.

01:32:51.000 All right, all right.

01:32:54.000 If you have not already, it is imperative that you press the like button to help the show out.

01:33:00.000 Smash that like if you really want to help the show, and share the show if you're listening on iTunes, Spotify, or whatever.

01:33:04.000 Give us a good review.

01:33:05.000 And I also will announce Will of the People, now available on Spotify and iTunes.

01:33:09.000 You can tell your friend, the little robot device, to play Will of the People by Tim Cast, and boom, it'll play.

01:33:14.000 So that's a cool thing that happened.

01:33:16.000 And, uh, don't forget to subscribe to this channel, and let's, uh, let's read what y'all have to say!

01:33:21.000 Smash the like button!

01:33:22.000 All right!

01:33:23.000 Funeralman04 says, first time superchat, AMC has absolutely left me speechless, just like Michael Knoll's new book!

01:33:30.000 JK, I admire all of you, take care.

01:33:32.000 Yes, uh, uh, Michael Knoll's new book, Speechless.

01:33:35.000 All right.

01:33:36.000 Tony Bolt says, JBS is a customer of the company I work for.

01:33:40.000 We make meat-forming machines.

01:33:42.000 Last year, we had a full-blown cyber attack that crippled us for weeks.

01:33:45.000 Today, we stopped another attempt in its tracks.

01:33:48.000 Whoa.

01:33:49.000 Everyone's spamming ducks now, by the way.

01:33:52.000 Since I said that, the whole chat is just ducks now.

01:33:54.000 It's gone off the rails a couple times.

01:33:56.000 When I try to interview people if they're live, I'm like, hey, can I interview you?

01:33:59.000 And then the entire group just ducks in like, what is possibly going on?

01:34:03.000 Dude, we got another big shortage.

01:34:05.000 Jack O'Neill says, I work for Frito-Lay, and the shortage of supplies to make chips is getting ridiculous. 0.95

01:34:11.000 Get back to work, y'all lazy SOBs. 0.99

01:34:14.000 No Frito-Lays?

01:34:16.000 What am I going to eat?

01:34:17.000 What will we do?

01:34:17.000 I don't eat Frito-Lays.

01:34:18.000 Who eats Fritos?

01:34:20.000 I guess, uh, I guess we have those barbecue chips sometimes.

01:34:22.000 Oh, yeah, those are good.

01:34:24.000 That's a treat.

01:34:26.000 All right, C. Hennessey says, Tim, are you gonna need a event caterer- event cater coordinator or coordinator in general for the Friday nights?

01:34:35.000 I was a private chef up until the Corona.

01:34:37.000 Um, probably not.

01:34:39.000 We'll probably need a master of ceremonies of some sort, but we may already have that individual here.

01:34:45.000 It's not gonna be like, we're not gonna put out charcuterie or anything for people.

01:34:49.000 They're gonna like stand outside the parking lot as someone plays music and everyone like, you know, mingles and gets to hang out with people.

01:34:56.000 We're doing Friday night events coming up.

01:34:58.000 We might be able to figure something out but not for 30 people.

01:34:59.000 So everyone can carpool in a bus maybe?

01:35:00.000 Yeah, and it's gonna be difficult because tickets are limited and there's no parking, so that's the other thing

01:35:05.000 like take an uber I guess ride a bike. I don't know we're in the middle of

01:35:08.000 nowhere There's nowhere to park so we might be able to figure

01:35:10.000 something out, but not for 30 people So everyone can carpool in a bus maybe

01:35:14.000 Maybe and your first one's this Friday. No no no we can't there's

01:35:19.000 There's like business stuff we've taken care of before we're allowed to do it, so.

01:35:21.000 Like, we were trying to do it earlier in the year, and we got, we got, you know, stopped by business stuff.

01:35:27.000 Regulations, rules.

01:35:30.000 Uh, Death's API says, DuckDuckApe, check your P.O. 0.82

01:35:32.000 box, Matt.

01:35:34.000 There you go.

01:35:37.000 Alabama Toolbox says inflation is a national security risk.

01:35:40.000 The U.S.

01:35:41.000 has military bases in countries around the world.

01:35:43.000 The U.S.

01:35:43.000 Navy controls the world's oceans.

01:35:45.000 How is the U.S.

01:35:46.000 The strength of the U.S.

01:35:46.000 able to do this?

01:35:47.000 dollar.

01:35:48.000 And, well, also the force behind it.

01:35:51.000 Stop using the dollar and we'll, you know, paradrop into your country, you know? 0.99

01:35:56.000 All right.

01:35:57.000 Let's see.

01:35:58.000 What do we got here?

01:36:01.000 Blank Field says, do you have a yearly subscription option yet?

01:36:04.000 We don't.

01:36:05.000 I don't know when we will, but I do know we're like two weeks out from the website overhaul, which should shock and scare everybody.

01:36:13.000 No, it's going to be excellent.

01:36:15.000 We're going to be adding a newsroom, so there's going to be actual articles, aggregation.

01:36:18.000 We're going to be bringing out some investigative reporters.

01:36:21.000 It's going to be fantastic.

01:36:22.000 We got some mini-doc plans.

01:36:24.000 I want to, I have a plan to send a Joe Biden voter to all of the places that Joe Biden screwed up.

01:36:30.000 So like, I'm talking to my friend who voted for Biden, and I'm like, I will buy you a first class ticket to McAllen, Texas, to go and film the kid sleeping in the dirt.

01:36:37.000 And he's like, I'm down.

01:36:38.000 I'm like, cool, let's do it.

01:36:39.000 Like, you voted for Biden, now you can go talk to people about what's happening.

01:36:42.000 And like, if he agrees with it or whatever, I don't know.

01:36:45.000 But I think that's honorable that he'll be like, yeah, I'll go check it out for sure.

01:36:48.000 You know, stand up for what you what you voted for.

01:36:50.000 So that'll be really interesting, like, you know, Biden voter meets Biden policy.

01:36:55.000 This is somebody who's not like a die-hard political tribal or anything.

01:36:58.000 It's just regular person who was like, I gotta go vote for Biden.

01:37:00.000 Now they're gonna go explore and meet people and talk about what those policies have brought.

01:37:04.000 I am obviously of the opinion that they've been bad, but maybe, you know, send a crew out to go do their thing.

01:37:09.000 They'll come back and be like, it's not all bad.

01:37:11.000 We'll see for sure.

01:37:13.000 I'm actually fairly confident it is bad, but hey, we'll let them do their thing.

01:37:17.000 379 Gromer says, The chicken plant was shut down in Russellville, Alabama for the past two days.

01:37:25.000 I'm waiting to load there now.

01:37:27.000 Why?

01:37:28.000 This is what I was talking about.

01:37:30.000 They say like, oh, it was a cyber attack that shut down the chicken, the meat plant, but there already was a shortage.

01:37:36.000 So now people are saying, oh yeah, this plant was already shut down for two days.

01:37:40.000 Why?

01:37:40.000 There was no hack there, was there?

01:37:42.000 What's going on?

01:37:42.000 Something weird's happening.

01:37:44.000 It's like a Hardy Boys novel.

01:37:45.000 It's all you Ian, figure it out.

01:37:49.000 It's weird.

01:37:50.000 Across the board, there's just a lot of things that are more volatile.

01:37:54.000 The stock market, the shortages.

01:37:57.000 It's one of those things where it's all these puzzle pieces of puzzles that we'll see.

01:38:02.000 We'll see how the puzzle fits together.

01:38:04.000 Right now, though, we're all a little bit confused.

01:38:07.000 It's like Sudoku, but instead of like one by nine, it's like one by 100,000.

01:38:11.000 There's like no way to map out this massive grid.

01:38:16.000 It could be the COVID shutdown is now, they just, the media has been totally silent about it, but it's been devastating the supply lines.

01:38:25.000 Did the media tell everybody on D-Day that it happened right when it was happening?

01:38:30.000 I think so.

01:38:31.000 Like literally when they were storming the beaches, they were like, listen up America, we've stormed the beaches of Normandy!

01:38:35.000 I don't know.

01:38:36.000 Or was it like a day later or two days later they reported the news?

01:38:39.000 I look it up.

01:38:40.000 I'm curious.

01:38:40.000 Because I remember we had an office of censorship.

01:38:43.000 I have a shirt modeled off of the motto.

01:38:45.000 It says silence accelerates victory.

01:38:47.000 And they also said loose lips sink ships. 0.99

01:38:49.000 So if there was a major conflict going on, why would the media be telling us?

01:38:52.000 They've never done it before.

01:38:53.000 Why would they start now?

01:38:55.000 Hey, by the way, guys, there's a war breaking out and just keep working.

01:38:59.000 Actually, you know what I think?

01:39:00.000 I think that because Democrats shut everything down and the media is now the PR wing of the Democrat Party, I think they have every incentive not to talk about, like, big problems coming our way because of the shutdown.

01:39:12.000 That's just what I think.

01:39:15.000 On the other side of that, though, if they were doing it, wouldn't we see something weird on the background of just everyone, like, all these tech people are being hired by the government?

01:39:23.000 Like, wouldn't there be a certain trail of, like, there's a lot of hiring into some sort of defensive military force if that was going on?

01:39:30.000 Yeah.

01:39:30.000 I don't know.

01:39:31.000 You'd see just, I don't know, I'm picturing just a bunch of, like, engineers always being hired right out of college.

01:39:35.000 They're like, no, work for us.

01:39:36.000 Like, we need cyber security.

01:39:37.000 I don't know.

01:39:40.000 Maybe they are doing that.

01:39:40.000 Yeah, maybe it is.

01:39:42.000 Boston Dynamics, I think, does that a lot.

01:39:45.000 All right, Chaos Aeternum.

01:39:48.000 Tim, do some research on Cardano.

01:39:50.000 Creator is anti-establishment.

01:39:52.000 One of Cardano's projects is to turn Africa into a blockchain powerhouse.

01:39:55.000 Win-win IMO.

01:39:56.000 I have four cryptos.

01:39:57.000 I've got Bitcoin, Ethereum, Doge, and Cardano.

01:40:02.000 And it's because I think Cardano is similar to Ethereum, and I'm confident in it, personally.

01:40:08.000 I'm not giving you advice.

01:40:09.000 I'm just telling you what I think.

01:40:11.000 And we have an open invitation for the founder of Cardano to come on the show and talk crypto with us.

01:40:16.000 So, you know, there's that.

01:40:20.000 All right.

01:40:21.000 Eric Miller says the chicken shortage could be a result of a cyber attack on Pilgrim's Pride, a chicken processing plant.

01:40:28.000 Interesting, but the chicken shortage has been around for a month or two.

01:40:30.000 I've been covering it for a minute.

01:40:33.000 Daniello says, glad to see you cover this.

01:40:33.000 G.B.

01:40:36.000 I also cover these topics.

01:40:37.000 Please check out my channel.

01:40:38.000 I'd be glad to move and help out with your media company.

01:40:40.000 I make films and music too, entertainment all my life.

01:40:43.000 You know, we've got, there's, there's, uh, we want to move as fast as possible in expanding the company, but there's like regulation stands in the way.

01:40:52.000 It makes it very difficult.

01:40:53.000 Plus there's good business practices.

01:40:55.000 You know, it's not all, it's not all government, but we try.

01:40:59.000 All right.

01:40:59.000 I'm Brandon says, I'm a chicken hauler and I can vouch that the chicken shortage is true.

01:41:03.000 My company dropped a hatchery because the breeders can't keep up with demand.

01:41:07.000 Wow.

01:41:08.000 Are the chickens not having babies?

01:41:08.000 Why?

01:41:10.000 What is that?

01:41:11.000 I don't know.

01:41:12.000 Not enough chicken food?

01:41:13.000 I don't know.

01:41:14.000 Chickens just eat grass and bugs.

01:41:19.000 All right.

01:41:20.000 John Marafa says, interesting how the left tells us stop using gas or eating meat.

01:41:23.000 And now those two industries are targeted by hackers.

01:41:26.000 Hmm.

01:41:26.000 What's next?

01:41:28.000 Yeah, I don't know.

01:41:31.000 Ruben Pedroza says, Guys, this is not shortage in beef, chicken, produce, or even gas.

01:41:37.000 The hacks are in the payment systems.

01:41:39.000 The companies would rather shut the world down if they don't get paid.

01:41:42.000 Ruben, you are incorrect.

01:41:43.000 There is actually a shortage of chicken and beef outside of the cyber attacks.

01:41:48.000 Over the past several months, several restaurants have been reporting that they've been struggling to get chicken supplies and oil.

01:41:53.000 Because it's not there.

01:41:54.000 Because people aren't working.

01:41:55.000 And people aren't making things.

01:41:56.000 So things aren't there to buy.

01:41:58.000 There was, however, two major cyberattacks, Colonial Pipeline and this JBS system, which is not chicken, and that resulted in them shutting down because it was going to affect their computer systems.

01:42:09.000 That's separate from the already-existent meat shortages that happened before the cyberattacks.

01:42:15.000 DeadbeatGamerz says Snowpiercer was a book-slash-film about two sides of the last humans, rich and poor, surviving Ice Age 2 on a train.

01:42:22.000 Spoiler warning, the rich eat only good food, and the poor eat cricket protein bars.

01:42:27.000 I don't know about the book, but I can tell you in the film, it's roaches.

01:42:32.000 And I can also tell you, in the original take of the film, there's a scene where Chris Evans, he opens this vat that's making these brown bars they eat.

01:42:42.000 And you see a bunch of roaches.

01:42:44.000 And he's like, oh, and he gets really sick.

01:42:46.000 Because in the movie, they were eating roaches.

01:42:48.000 The original cut, it was human excrement. 0.96

01:42:51.000 Gross. 0.98

01:42:52.000 Oh, brutal. 0.71

01:42:52.000 And I guess test audiences really did not like it. 0.71

01:42:55.000 No kidding.

01:42:55.000 So they changed it to roaches.

01:42:56.000 Okay.

01:42:57.000 Because the only food they had was like these bars.

01:42:59.000 And I'm kind of like, where do the roaches come from?

01:43:01.000 What do the roaches eat?

01:43:03.000 The human waste made more sense.

01:43:05.000 I don't know how you eat it or process that, but... I don't think I'd have a problem with eating roaches if there was no food left.

01:43:11.000 I'd just be like, I will eat what I gotta eat.

01:43:14.000 And I will be happy about it.

01:43:15.000 You know what it is?

01:43:17.000 When you're starving, everything tastes good.

01:43:20.000 That's for sure.

01:43:21.000 It's true.

01:43:21.000 It's true, man.

01:43:23.000 It's part of the great thing about having a really clean diet is when you eat a carrot, it's super sweet.

01:43:28.000 Carrots are ridiculously sugary, bro.

01:43:30.000 So sweet.

01:43:30.000 Yeah.

01:43:31.000 You get a good carrot, chop it up, steam it.

01:43:33.000 I'll tell you, you know what I tweeted?

01:43:34.000 We've done so much trying to make our food taste better and better and better.

01:43:38.000 To the point of, like, heavily processing it.

01:43:40.000 Dropping every known spice imaginable plus a cup of brown sugar right on top of that piece of chicken.

01:43:46.000 Preservatives.

01:43:47.000 You know what I had for breakfast today? 0.99

01:43:49.000 I had two eggs straight from a chicken's butt. 0.97

01:43:52.000 Walked right into Chicken Coop, picked him up, cleaned him off, cracked him open. 0.98

01:43:52.000 Oh! 0.98

01:43:56.000 Over easy.

01:43:57.000 Man, that is delicious.

01:43:57.000 Do they taste noticeably different?

01:43:59.000 I don't know.

01:43:59.000 They're just delicious.

01:44:00.000 They're a different color, for sure.

01:44:01.000 It's just delicious.

01:44:03.000 I like having the yolk just a little bit, just over easy.

01:44:06.000 And then you cut off the whites and you just eat the yolk.

01:44:09.000 Oh, you cut off the whites? 0.90

01:44:10.000 I eat them, but I eat them second.

01:44:12.000 Oh, interesting.

01:44:12.000 I like eating the yolks by themselves.

01:44:14.000 It is so delicious.

01:44:16.000 So you want to eat real food, man?

01:44:19.000 We got these really nice steaks.

01:44:20.000 That fat from the steaks, it is delicious.

01:44:23.000 You don't need anything.

01:44:24.000 You don't need this double, triple cheese with fancy sauce, chipotle, splash.

01:44:30.000 Every known processed garbage slopped into a deep-fried No, and it's a lot of times those are salt overload if like

01:44:37.000 restaurant food is just All you need to do is go outside take a nice cicada

01:44:42.000 Don't eat this Don't eat them people are posting people are posting

01:44:49.000 carrots in the chat now Yes!

01:44:51.000 Get juicy.

01:44:52.000 Where I grew up, my whole life, my closest neighbor, middle of nowhere PA, we would always get the eggs from them.

01:44:59.000 They were fresh eggs.

01:44:59.000 It was a dollar.

01:45:00.000 So I ate that my entire life.

01:45:02.000 I went to college.

01:45:03.000 I didn't know it was actually eggs. 0.89

01:45:04.000 Like I felt stupid because of the color.

01:45:06.000 I was like, no, no, no.

01:45:07.000 The eggs, like actual eggs are so much more yellow.

01:45:10.000 And then two farms down, that's where I got, we got our meat my entire life.

01:45:14.000 They're blue eggs.

01:45:16.000 Oh, just like the shells blue.

01:45:18.000 Yeah.

01:45:19.000 There are like an existence.

01:45:20.000 Yeah.

01:45:20.000 And there's green ones.

01:45:21.000 Oh, just like across.

01:45:22.000 Yeah.

01:45:22.000 I mean, don't like some Robin stuff, have blue eggs and that.

01:45:25.000 The chickens we have, the guy we bought them from called it a sampler.

01:45:28.000 It's like, it's a bunch of different kinds of chickens.

01:45:30.000 And so some lay blue eggs, some white, some Brown.

01:45:32.000 There's like greenish blue.

01:45:34.000 Were you saying the chicken yolk is more yellow?

01:45:36.000 Yeah, the actual, like, egg when you cook it is, like, way more vibrantly yellow from, like, a fresh egg.

01:45:41.000 Did you know that the beef you eat in the store is cloned beef?

01:45:44.000 What?

01:45:45.000 Yeah, I didn't believe that.

01:45:46.000 We had Alex Jones on the show and he was like, you know, people don't realize they're eating cloned beef.

01:45:51.000 And I'm like, Alex, that's not true.

01:45:53.000 You're making this.

01:45:54.000 And he was like, look it up.

01:45:55.000 I'm not.

01:45:55.000 And I was like, all right.

01:45:56.000 I looked it up and it was like, you're eating cloned beef.

01:45:58.000 And I was like, whoa.

01:45:59.000 I didn't know that.

01:46:01.000 That's crazy, dude.

01:46:02.000 Yeah, we're eating cloned meat.

01:46:04.000 They clone the meat.

01:46:05.000 That's weird.

01:46:06.000 And then they just grow, like, the meat patty separate?

01:46:09.000 No, they, like, clone it and just inseminate the cow, I guess.

01:46:11.000 I guess it's easier than just bringing a bull in or something.

01:46:11.000 Wow.

01:46:14.000 Oh.

01:46:15.000 You know it's like the same thing with apples.

01:46:17.000 There used to be like a whole bunch of different kinds of apples.

01:46:18.000 Now there's like four.

01:46:19.000 Same with bananas. 0.92

01:46:20.000 Yeah.

01:46:21.000 There's been a bunch of different kinds.

01:46:23.000 Yeah.

01:46:24.000 Soon we're gonna have just one vegetable.

01:46:25.000 It's gonna be called like food.

01:46:28.000 And it's gonna be like a weird starchy semi-sweet red thing in a cube shape that grows perfectly.

01:46:33.000 Mmm.

01:46:34.000 Gross.

01:46:34.000 Yeah.

01:46:34.000 And it's gonna be like the consistency of meat.

01:46:36.000 It'll be like if you eat it backwards it's salty but if you eat it forward it's sweet.

01:46:42.000 I don't know if I'm like really connecting weird dots here, but a lot of people in the community, it's, it's a fickle opinion on Jim Cramer.

01:46:49.000 Sometimes he loves AMC and tells the short scale, other times they hate him.

01:46:53.000 Um, but just last week people were talking.

01:46:54.000 He's like, yeah, AMC is fine and everything, but the next thing to run is beyond meat.

01:46:58.000 And now with this conversation, I'm like thinking even more about it.

01:47:01.000 He was like really pushing beyond meat.

01:47:04.000 He's not wrong. 0.53

01:47:05.000 I don't know.

01:47:05.000 I don't know if it's beyond meat though, but he's on the right track.

01:47:07.000 So they're doing cell culture meets.

01:47:10.000 Look, man, we've had these reports come out saying you can't eat beef because it's bad for the environment.

01:47:16.000 And you've got big pushes against climate change.

01:47:18.000 It is legit bad for the environment to eat beef because you've got to grow the vegetables.

01:47:24.000 Well, you get, I think, what do cows eat?

01:47:26.000 Alfalfa?

01:47:27.000 Hay and grass.

01:47:27.000 Yes.

01:47:29.000 But it takes a lot of water to produce a full-grown cow and then to harvest the cows, a lot of labor.

01:47:34.000 As the media has already said you can just eat the cicadas, right?

01:47:36.000 Mm-hmm. So what they're doing is they're trying to find meat alternatives that people would enjoy so they're doing

01:47:41.000 beyond burgers Impossible burgers. I definitely think those are gonna be a

01:47:45.000 huge run. The problem is they're extremely salty So have you ever had impossible or beyond meat? Mm-hmm.

01:47:51.000 They're good. Yeah, I I've

01:47:53.000 Too much salt.

01:47:54.000 I think Beyond is way better than Impossible, is my opinion.

01:47:54.000 Yeah, same.

01:47:58.000 They both have a ton of salt in them.

01:47:58.000 Yeah, me too.

01:48:01.000 I would have no problem with them not having salt in them.

01:48:01.000 Too much salt.

01:48:03.000 Yeah, same.

01:48:04.000 Why do they get salt in?

01:48:05.000 Because I guess they got to make it taste good.

01:48:07.000 The cell cultured stuff I find weird.

01:48:10.000 But I also, if it's food, it's food.

01:48:12.000 I guess whatever.

01:48:13.000 I don't know if I've ever had the cell-cultured, but I've had those, and I think they're fine.

01:48:16.000 I don't know if they sell those widespread yet, the cell-cultured burgers.

01:48:20.000 It's actual beef, but it's like grown in a lab into the shape of a burger.

01:48:24.000 And with that, it's less, the impact on the environment's less still?

01:48:28.000 Oh, substantially, substantially less.

01:48:29.000 Yeah, so I definitely think when you look at these meat shortages, what's gonna happen is you remove enough meat from the market, you drive the price up enough, people will start buying other things.

01:48:41.000 They'll be like, I guess I can't buy beef.

01:48:43.000 So what do they buy?

01:48:44.000 They'll buy whatever they can get.

01:48:46.000 They'll start buying other things to replace it if they have no choice.

01:48:50.000 If you come out and you're like, we are passing a law that says beef is no longer legal, people would throw pitchforks.

01:48:55.000 They'd be running around with pitchforks like javelins. 0.97

01:48:58.000 And torches and all that stuff.

01:49:00.000 But if you're just like, it's a cyber attack, you know, there's like, we don't have any now.

01:49:05.000 People will go, man, that's crazy.

01:49:07.000 And they'll just eat something else.

01:49:09.000 Yeah, you can't, you won't be able to legislate this change to the Great Reset.

01:49:13.000 It's gonna have to be a necessity.

01:49:14.000 So whether it's intentional or not, this is the first path towards removing burgers from our diet.

01:49:19.000 Dude, I'm so pumped about stem cell meat.

01:49:21.000 I'm so pumped.

01:49:22.000 You'll be able to order, like, a packet of powder, and then you put it in your machine, and then whatever else, enzymes or whatever, and then after, like, six days, you have all these meat patties or whatever.

01:49:32.000 No, you have, like, five pounds of ground chuck.

01:49:34.000 Yeah.

01:49:34.000 But there's no fat in it.

01:49:35.000 Excellent.

01:49:36.000 You have to add, like, fat to it or something.

01:49:38.000 Wild.

01:49:39.000 Yeah, so I don't know if it works, though.

01:49:40.000 It's not the same.

01:49:41.000 I don't know.

01:49:42.000 No brain involved.

01:49:43.000 No heartbeat.

01:49:44.000 It's just a piece of meat.

01:49:45.000 Will vegans eat it?

01:49:47.000 I would, yeah.

01:49:47.000 Because it doesn't harm the animal.

01:49:49.000 If I was vegan, I would eat it.

01:49:51.000 Because it's not an animal.

01:49:51.000 It is an animal product.

01:49:52.000 I'm not a vegan.

01:49:53.000 I do eat meat, and if I was, I would eat it.

01:49:55.000 But it's not an animal.

01:49:56.000 You know, it's like an animal product.

01:49:57.000 It is an animal product.

01:49:58.000 I guess you could say that.

01:49:59.000 All right, let's read some more of these superchats.

01:50:00.000 We got Ben Walker.

01:50:01.000 He says, Tim, you're significantly more tech literate than the average bear, but many viewers may not be.

01:50:06.000 In light of this second attack, would you consider having a cyber security expert on who could help explain different threat actors and their motives?

01:50:13.000 Absolutely.

01:50:14.000 And I know a whole bunch, so I'll just have to reach out to some of them.

01:50:17.000 All right.

01:50:19.000 Alex9513 says, Moongang, shout out to Chair.

01:50:22.000 You've been making the rounds, Matt.

01:50:23.000 Ape together strong.

01:50:25.000 And then it's an ape, a duck, and a strong arm.

01:50:27.000 There you go.

01:50:28.000 Ape ducks.

01:50:30.000 Cgriff142 says, if a civil war would happen, the left and cities don't realize how isolated they would be.

01:50:35.000 We could cut off food and fuel supplies pretty easily.

01:50:38.000 That is correct.

01:50:41.000 All right.

01:50:43.000 Holly Wiley says, Tim, I told you about TJE Meat earlier.

01:50:47.000 It's much worse.

01:50:48.000 Read my tweets to you.

01:50:50.000 Holly J. Wiley.

01:50:52.000 All right.

01:50:52.000 Let me let me let me let me pull this up and see what the what's going on.

01:50:55.000 Something else.

01:50:56.000 I don't know what TJE Meats is.

01:50:59.000 So we'll see what what is what are you tweeting about, Holly?

01:51:02.000 You tweeting about something?

01:51:03.000 Thank you, Holly.

01:51:04.000 Thanks for getting in touch with us about that.

01:51:06.000 What is TJE Meat?

01:51:06.000 Super chatty.

01:51:09.000 I see an ad for Dogecoin.

01:51:11.000 Oh.

01:51:11.000 Is it possible that it was T-H-E meat?

01:51:13.000 The meat?

01:51:15.000 Oh, is that what it is?

01:51:16.000 Oh, it is.

01:51:16.000 Is J next to H?

01:51:17.000 So it's the meat.

01:51:18.000 About the meat earlier.

01:51:18.000 Oh, okay.

01:51:19.000 Oh, okay.

01:51:20.000 So you're saying it's worse.

01:51:21.000 I don't see your tweet about the meat.

01:51:23.000 We'll have to come back to it.

01:51:24.000 Meat tweet.

01:51:25.000 Meat tweet.

01:51:26.000 LibertyOrDeath says, GME and Roaring Kitty changed the world by accident.

01:51:30.000 I had never traded stocks until January.

01:51:32.000 Because of people like Matt, I spent the last five months learning.

01:51:35.000 No going back now.

01:51:37.000 You know it.

01:51:39.000 The Throne says, hey guys, just wondering what you guys think about the hetero hashgraph or about the central bank

01:51:45.000 digital currency.

01:51:46.000 There's a year-long research project currently being performed in the US for this.

01:51:50.000 I haven't heard of the hashgraph, have you?

01:51:52.000 Fedcoin?

01:51:53.000 Definitely. It's coming.

01:51:55.000 UCBC, central bank coin.

01:51:57.000 It is likely much higher, as the fine for being caught lying is just the cost of doing business.

01:52:02.000 Another crucial factor is utilization, which AMC has been at 99.5 to 100% for six weeks now.

01:52:04.000 Big Rob says short interest is self-reported. It is likely much higher as the fine for being caught lying is just the

01:52:12.000 cost of doing business.

01:52:12.000 Another crucial factor is utilization which AMC has been at 99.5 to 100% for 6 weeks now.

01:52:19.000 Yeah, what does that mean?

01:52:21.000 So utilization is the, it's a ratio of just the amount of shares on loan divided by the total amount that could

01:52:28.000 theoretically be borrowed at that moment in time.

01:52:30.000 So it's like almost maxed out?

01:52:32.000 It's maxed out, but both are dynamic because it's the amount of people who want to loan them out.

01:52:36.000 So if someone like BlackRock's like, I do want to loan mine out, sure, I'll take the interest payments, they'll do it, but then they could also take that supply away.

01:52:43.000 So really you have to know the short interest, the shares on loan, and the utilization to get the full picture.

01:52:49.000 You need all three because they describe a different part of the mathematical equation.

01:52:53.000 Clayton Andrews says, I'm a cattle rancher from Canada.

01:52:56.000 Thanks for reporting on the cyber attack.

01:52:57.000 Planning on selling lightweight steers this week, but are going to look at markets to see if we should hold.

01:53:04.000 Annoys me how AG is society surf class without us knowing society.

01:53:08.000 That's true.

01:53:09.000 Yeah.

01:53:10.000 Michael Moyer says, I agree.

01:53:12.000 We need to stop using woke descriptions and call a spade a spade.

01:53:15.000 BLM no-go zones. 1.00

01:53:17.000 That's what they are.

01:53:18.000 My dad and I made a docuseries explaining what they represent.

01:53:21.000 Please watch christianaction.org slash superchat.

01:53:24.000 Need help to get it out?

01:53:25.000 Free for everyone.

01:53:26.000 There you go.

01:53:29.000 Rylo704 says, you guys are familiar with the Green New Deal, and you're honestly thinking that oil and beef were attacked, with no reprisal from the Feds.

01:53:37.000 Not to sound like a Q-Nut, but do you believe it's coincidence? 0.97

01:53:41.000 Maybe?

01:53:42.000 It's crazy to think that the U.S.

01:53:47.000 government would attack its own infrastructure to get some sort of political movement across.

01:53:52.000 Gulf of Tonkin.

01:53:53.000 I know!

01:53:54.000 So they have done that.

01:53:55.000 No, Gulf of Tonkin was just claimed they were attacked.

01:53:58.000 They claim they were attacked... When they weren't.

01:54:00.000 There was no actual... There is Operation Northwoods.

01:54:00.000 Right.

01:54:03.000 Northwoods wanted to get us into... Lemnitzer.

01:54:06.000 Cuba.

01:54:06.000 Isn't that what that was?

01:54:07.000 Wanted to stage false flag attacks.

01:54:08.000 I heard that the... What's his name?

01:54:11.000 FDR knew that we were going to be attacked by Japan leading up, but they didn't know where or when, so they were just kind of like, eh, we need an excuse to get into the war, so... Right.

01:54:19.000 Here it comes.

01:54:21.000 Yeah, you know, it would be great to actually talk to a historian who can go into the nitty-gritty details on that stuff.

01:54:26.000 But I've definitely heard that.

01:54:28.000 You know, FDR was like, well, if it happens, it happens.

01:54:31.000 Like, then we'll get in the war, I guess.

01:54:33.000 And so Pearl Harbor.

01:54:34.000 Yeah.

01:54:35.000 But it's a question of... I'm not an expert on that stuff.

01:54:39.000 Yeah, it seems so circuitous to attack our own infrastructure like this just to get a new deal passed.

01:54:45.000 That doesn't make sense to me.

01:54:47.000 Simple solutions, man.

01:54:51.000 I'm not a fan of conspiracies because they make too many assumptions.

01:54:53.000 Like the reality is we were doing weapons deals with...

01:54:58.000 Like with countries that Japan was enemies with and so they got mad at us

01:55:01.000 And then they were like yo stop doing it and plus we had a base in Hawaii

01:55:04.000 Which is the middle Pacific and they were like dude you're encroaching and they're like we're gonna we're gonna 0.98

01:55:08.000 You know push you back and then we were like guess what we actually got a nuclear bomb and they didn't know about that

01:55:13.000 So they thought us is putting pressure on us. We're not gonna tolerate it

01:55:17.000 We're gonna go fight and then the US was like, you know, here's a here's a gravity bomb for you. Hold my beer

01:55:22.000 Yeah, don't mess around All right, let's see where we got some super jets Christian 1.00

01:55:29.000 Kristen Lloyd says, you just lost the game. 0.98

01:55:32.000 Gosh darn it. 0.98

01:55:33.000 That was a mean thing to do. 0.99

01:55:35.000 You know, you're mean.

01:55:36.000 Rude.

01:55:37.000 Heather V says, my town provides 25% of nation's beef.

01:55:41.000 Cows are sold at bottom dollar, so there's no reason beef is so expensive.

01:55:44.000 The pens are stuffed full, and they've been going the whole time.

01:55:48.000 There's no shortage.

01:55:49.000 Weird.

01:55:50.000 I mean, in your town, but there's literally shortages reported across the board.

01:55:55.000 And I went, Something's wrong somewhere.

01:55:58.000 Something's wrong.

01:55:59.000 Barbecue joint has a big sign saying we can't sell beef. It's too expensive. Something's wrong somewhere. Yep. Someone's

01:56:04.000 doing something Something is not something is is not right. Something is

01:56:10.000 quite wrong. I can feel it. Tanner Larson says keep the good work guys

01:56:14.000 What is the endgame with Bitcoin?

01:56:16.000 What happens to the debt held by Japan, China, and the public, who hold a majority of our country's bonds, if Bitcoin becomes a standard?

01:56:21.000 The dollar implodes, and those holding Bitcoin become wealthy.

01:56:25.000 The endgame with Bitcoin is that it will be worth around the equivalent of a million or so dollars, and it'll stabilize between half a million and a million at some point.

01:56:33.000 It won't stabilize completely, but it'll stay pretty steady, and then you'll have Bitcoin, which will effectively function like your bank account.

01:56:42.000 When you want to store money, you transfer it into Bitcoin, and you just leave it.

01:56:47.000 And there's a public ledger, like a bank, and then when you want to spend cash, you'll switch to Doge or something.

01:56:52.000 Or Litecoin.

01:56:53.000 Or Bitcoin Cash.

01:56:54.000 Whatever is easier.

01:56:55.000 People will probably accept crypto.

01:56:57.000 They'll probably just say crypto.

01:56:58.000 They'll be like, we take crypto, and then you'll be like, it doesn't matter what your token is.

01:57:02.000 There have been a bunch of attempts at creating rapid transaction.

01:57:05.000 Yeah.

01:57:05.000 So that if someone says, it's 10 Bitcoin, you can select Doge and then just hit it.

01:57:10.000 And then it'll do the equivalent of Doge to Bitcoin if you have it.

01:57:13.000 Yeah, a bunch of systems trying to do something like that.

01:57:16.000 All right.

01:57:18.000 Terry Diffie says, great job, great show.

01:57:22.000 Why don't you and shows like yours, Crowder, Shapiro, Rubin, join forces to create a supergroup?

01:57:27.000 Couldn't be ignored then.

01:57:28.000 Everybody's running their own thing, I guess.

01:57:31.000 Cam S says, Neil Tyson on JRE depicts the Great Reset at an hour 32 and 20 seconds.

01:57:37.000 Leads into an example of owning a drill and not using it, so we'll have to rent and have shared commodity.

01:57:43.000 That's correct.

01:57:44.000 You'll need a specific tool and you'll have a subscription service.

01:57:48.000 I saw a commercial today for Kitty Poo Club, and I was like, we've jumped the shark.

01:57:53.000 First there's like, you know, there's like clubs like Dollar Shave Club, and it's like, when I first saw that I was like, do you really need a brand new razor once a month?

01:58:02.000 I guess?

01:58:03.000 It's easy, just shows up at your doorstep, so you get your razor and you get your replacement razors and everything.

01:58:06.000 I'm like, okay.

01:58:07.000 Then I saw one, I see a bunch of these clubs that like kind of don't make sense, and then I saw Kitty Poo Club, and I'm like, all right, we've done it.

01:58:07.000 Wasteful.

01:58:15.000 That one actually makes sense.

01:58:16.000 What is it?

01:58:17.000 It's a cardboard box, and it comes with just enough litter to where you put it up, and you fill it up, and then at the end of the week or whatever, a new one arrives and you just toss it.

01:58:27.000 It's just cardboard.

01:58:28.000 So you don't get wasteful plastics for your plastic poo boxes.

01:58:32.000 And you don't gotta worry about digging through cat poop.

01:58:34.000 You just throw it in the trash.

01:58:35.000 And then you pop open the new box.

01:58:36.000 It's amazing, isn't it?

01:58:37.000 It is.

01:58:37.000 Yeah.

01:58:38.000 I used to like be kind of I'm from the 90s, you know, so I was from the 70s.

01:58:44.000 Yeah from the 70s.

01:58:47.000 I was obsessed with owning my own music.

01:58:49.000 So I wanted like a Burnham on CDs.

01:58:50.000 I had it all on my hard drive and then Spotify and all these like streaming networks came out and I hated the idea that I didn't own it that I was like this great reset thing.

01:58:58.000 They want you to not own it, but and I hated it.

01:59:01.000 I wanted it because I want to own it.

01:59:02.000 Same with video games.

01:59:03.000 I don't like that all my games are on Steam.

01:59:04.000 I would like to have a hard copy.

01:59:05.000 But now, having this Amazon computer be able to be like, play this song, play this song, play this song.

01:59:11.000 It's amazing.

01:59:13.000 So maybe there is something to it.

01:59:15.000 We don't own movies anymore.

01:59:18.000 You don't own your movie on Amazon.

01:59:19.000 You bought it.

01:59:20.000 You don't own the software on your phone.

01:59:22.000 You bought the right to view it.

01:59:24.000 The license to it.

01:59:26.000 All right.

01:59:27.000 Clubfoot Billy says, just here to throw out some love for Matt and much love for you too, Tim.

01:59:31.000 Keep on keeping on and keep those good vibes going.

01:59:33.000 Will do.

01:59:34.000 Nova Zero says, Hashgraph is a consensus mechanism.

01:59:38.000 It's kind of pointless because it requires that each party on it is authenticated to even participate, which defeats the point.

01:59:44.000 Attractive to centralized institutions.

01:59:46.000 Interesting.

01:59:50.000 Sidekick says, Tim, you keep saying unemployment is causing a work shortage in jobs typically held by teenagers.

01:59:50.000 All right, let's see.

01:59:56.000 They don't get unemployment.

01:59:57.000 Maybe they're just lazy.

01:59:59.000 They're not typically held by teenagers.

02:00:00.000 Maybe they were 20, 30 years ago.

02:00:01.000 Yeah, it's not the case anymore.

02:00:04.000 Jensen Zeiger says, West Virginia is doing a gun lottery for the vaccine.

02:00:09.000 Also, we don't have a Wawa in Texas, but we do have QT and Bucky's.

02:00:14.000 What's the other one?

02:00:15.000 There's another one that's kind of like Wawa.

02:00:16.000 I can't remember the name of it.

02:00:18.000 Yeah, West Virginia is doing a gun lottery.

02:00:21.000 Guns and trucks, right?

02:00:22.000 I don't know how to feel about that.

02:00:23.000 Guns and trucks.

02:00:24.000 So you're awarded it potentially as a lottery if you get a vaccine?

02:00:28.000 Yep.

02:00:30.000 You know what I find creepy about it is I'm like, you gotta talk to your doctor about your medical history.

02:00:35.000 Because there's a story right now about a band, a punk rock band.

02:00:38.000 I shouldn't call them punk rock.

02:00:39.000 I should call them, like, establishment rock.

02:00:41.000 Establishment rock.

02:00:42.000 Called Teenage Bottle Rocket.

02:00:43.000 They're super pro-establishment.

02:00:44.000 They love government.

02:00:45.000 They love massive multinational corporations.

02:00:48.000 Super big fans of big pharmaceuticals and all that stuff.

02:00:51.000 Just, they love the system.

02:00:52.000 Anyway, they're doing a show where it's $1,000 to watch them play.

02:00:57.000 But if you're vaccinated, you get a discount.

02:00:58.000 It's only $18.

02:01:00.000 Well, some woman complained because she went to her doctor and her doctor said, you've had COVID too recently, you can't get the vaccine.

02:01:06.000 So now she's not allowed to go to the show because she can't afford it.

02:01:10.000 That's screwed up.

02:01:11.000 So these guys are like, if you're rich, you don't have to get a vaccine.

02:01:14.000 And it's like, that's the, that's a terrible message.

02:01:18.000 It should, you should not do that.

02:01:20.000 Well, there you go.

02:01:21.000 That's why I don't like the idea of like of lottery.

02:01:23.000 It's like, no, no, no.

02:01:24.000 You go to your doctor and here's, here's what I tell people.

02:01:26.000 Talk to your doctor, ask them about your medical history.

02:01:29.000 You want to be careful.

02:01:30.000 Cause like you go to the CDC website, it'll tell you the list of ingredients.

02:01:33.000 It tells you what allergies to be aware of.

02:01:35.000 And you ask your doctor about it.

02:01:36.000 It's that simple.

02:01:37.000 Don't take political opinions from people.

02:01:39.000 Your doctors have political opinions too, but you want to make sure you're getting sound medical advice.

02:01:43.000 You know, all that stuff.

02:01:44.000 Hard to come by.

02:01:45.000 Yeah.

02:01:47.000 All right.

02:01:48.000 Bill H says, corn prices are way up.

02:01:50.000 Corn is feed to livestock.

02:01:51.000 Corn ethanol is used for gas.

02:01:53.000 It's a domino effect.

02:01:54.000 That makes sense.

02:01:54.000 That's right.

02:01:55.000 We subsidized corn.

02:01:56.000 It is going to keep happening.

02:01:58.000 All right.

02:01:58.000 Let's do a couple more here.

02:02:01.000 Jay Smith says, what is Project Dragonfly?

02:02:04.000 What is it being used for?

02:02:05.000 Who funded the project?

02:02:06.000 And who is asking for this?

02:02:07.000 Very, very relevant.

02:02:09.000 Interesting.

02:02:09.000 I'll look it up.

02:02:10.000 Eric Mo says, Kors, you're needed at the office bright and early tomorrow.

02:02:14.000 I don't want to hear you're tired from taking glamour shots all night and then four duck emojis.

02:02:18.000 There you go.

02:02:21.000 Alright.

02:02:22.000 Last, we'll do one more.

02:02:23.000 Number 1 underscore 2U says, Have you heard about China threatening nuclear war over probes into the origin of C-19?

02:02:30.000 I did not, but that is creepy.

02:02:32.000 Wow.

02:02:33.000 Certainly hope that's not the case.

02:02:34.000 Alright my friends, there's gonna be a bonus segment up at TimCast.com at about 11, but make sure you smash that like button right now!

02:02:41.000 Just...

02:02:42.000 Help us give a smash and share the show with your friends.

02:02:45.000 You can follow the show on Facebook at TimCastIRL.

02:02:47.000 Share the clips from the show to help get more people to pay attention and follow us on Instagram at TimCastIRL.

02:02:53.000 You can follow me personally at TimCast.

02:02:55.000 We do the show Monday through Friday at 8 p.m.

02:02:57.000 even on holidays like yesterday.

02:02:59.000 So we will be back tomorrow.

02:03:00.000 Matt, you want to shout out your socials and your channel and all that?

02:03:03.000 Yeah, if you want to kind of follow along what's going on stocks, options, crypto, Twitter, Matt underscore Coors, Instagram, Twitch, all that same thing, Matt underscore Coors, and then on YouTube, just Matt Coors.

02:03:13.000 Keep it simple.

02:03:14.000 Nice.

02:03:14.000 You can follow me at IanCrossland.net and at Ian Crossland along all lines of social media and check out my music on Amazon and Spotify while you're at it.

02:03:22.000 Very cool.

02:03:23.000 And you guys, I really want at least 10,000 likes on this episode.

02:03:26.000 We had like 35,000 people tune in to watch, which is really awesome.

02:03:30.000 Matt was super popular.

02:03:31.000 I feel like we should have at least 10,000 likes, right?

02:03:34.000 Right?

02:03:34.000 Okay, there we go.

02:03:35.000 All right.

02:03:35.000 Anyway, you guys can follow me on Twitter at Sour Patch Liz and help me beat Sour Patch Kids in follower count.

02:03:42.000 There's something you can do now.

02:03:43.000 You can ask your little robot device, maybe it's from Amazon or Google, to play Will of the People by Timcast, and it will actually play that song.

02:03:51.000 And for those that aren't familiar, just search for it on YouTube and check out the music video.

02:03:54.000 It's a short film.

02:03:55.000 We released it back in November.

02:03:57.000 It's critical of everyone in politics.

02:03:59.000 Maybe you'll like it if you like rock music.

02:04:02.000 I'm working on more, so we'll see how things turn out in the future.

02:04:06.000 But I'm really excited because we just finally got it listed on Spotify and iTunes and everything, so you can now You know, get it.

02:04:11.000 So thanks for hanging out.

02:04:12.000 Go to TimCast.com, become a member.

02:04:14.000 The bonus segment will be up some point around 11 usually when it goes up and we'll see you all there.

Timcast IRL - Tim Pool - June 02, 2021

Timcast IRL - US Food Infrastructure HACKED, Meat Shortages Worsen, Economy In CHAOS w-Matt Kohrs

Episode Stats

Summary

Transcript