WEBVTT 1 00:00:03.480 --> 00:00:09.000 Hey, folks, welcome, good evening to another money space with 2 00:00:09.119 --> 00:00:12.279 me caylu Wager. Of course, on this space we're talking money, 3 00:00:12.320 --> 00:00:17.199 the economy, and finance. We're here every Sunday bringing those 4 00:00:17.239 --> 00:00:19.480 topics that make sense to you in a way that 5 00:00:19.519 --> 00:00:23.199 you can apply them and become a better investor. And 6 00:00:23.239 --> 00:00:25.519 what a week we have, guys. This week we have 7 00:00:25.600 --> 00:00:30.679 to go back, sadly and talk again about Ponzi and 8 00:00:30.920 --> 00:00:34.840 pyramid schemes. We've done this before, We've given all the flags, 9 00:00:35.399 --> 00:00:37.840 but I think folks keep on falling for this. So 10 00:00:37.920 --> 00:00:41.159 let me just separate the whit from the chaff. Right, 11 00:00:42.119 --> 00:00:46.240 this space is for those folks that are genuinely not 12 00:00:46.479 --> 00:00:50.439 able to decipher what a Ponzi scheme is and what 13 00:00:50.560 --> 00:00:53.880 a pyramid scheme is and keep on maybe falling to 14 00:00:54.000 --> 00:00:57.640 the traps of these unscrupulous promoters. That's what this space 15 00:00:57.719 --> 00:01:00.000 is for. There's nely a space for if you know 16 00:01:00.280 --> 00:01:03.320 what it is and you want to sort of game 17 00:01:03.399 --> 00:01:07.560 the system. You want to invest money in a in 18 00:01:07.599 --> 00:01:10.760 a world that you know is lost funds, but you're 19 00:01:10.840 --> 00:01:14.480 hoping to reclaim your funds before the whole scheme blows up. 20 00:01:14.519 --> 00:01:17.319 This is not for you, right, you are driven by greed. 21 00:01:17.640 --> 00:01:19.560 We tried, we're trying now to reach out to the 22 00:01:19.599 --> 00:01:23.319 folks that unfortunately are driven by lack of understanding of 23 00:01:23.359 --> 00:01:26.840 how the market works. That's what this particle of space is, 24 00:01:27.519 --> 00:01:29.920 and a other folks that want to reach out to today. 25 00:01:30.400 --> 00:01:33.079 So of course I've had the news. Another one has fallen. 26 00:01:33.439 --> 00:01:35.319 And I'm not going to call the name of the 27 00:01:35.400 --> 00:01:38.079 of the of the point of scheme itself, but again 28 00:01:38.400 --> 00:01:43.000 someone else has promoted an investment that has turned out 29 00:01:43.159 --> 00:01:48.200 not to be what it was purported to be. It 30 00:01:48.280 --> 00:01:52.920 is the same story. Someone comes out and says, if 31 00:01:52.920 --> 00:01:56.799 you invest with me, you can get double triple your 32 00:01:56.840 --> 00:01:59.879 funds in a week, in a month, one hundred percent, 33 00:02:00.079 --> 00:02:04.519 fifty percent. And people go and invest, and they get paid. 34 00:02:04.879 --> 00:02:08.599 That's the problem. They get paid, and they stay there, 35 00:02:09.120 --> 00:02:12.719 and after a while they believe that listen, this is real, 36 00:02:13.080 --> 00:02:15.319 or they build they made their principal back. So they 37 00:02:15.400 --> 00:02:20.159 keep on staying, and they keep on recruiting their friends 38 00:02:20.719 --> 00:02:23.800 to join the scheme. This is where it gets wild, 39 00:02:24.240 --> 00:02:28.479 because no points scheme exists without the folk that are 40 00:02:28.479 --> 00:02:31.800 already invested, if you could call it that word, going 41 00:02:31.919 --> 00:02:35.479 back to tell their friends to come out and put 42 00:02:35.520 --> 00:02:39.439 their funds in the scheme. That's why pond the schemes 43 00:02:39.439 --> 00:02:43.080 are so should we say so deadly because it's marketed 44 00:02:43.159 --> 00:02:46.919 thrue word of mouth, and the most effective form of 45 00:02:47.000 --> 00:02:50.560 advertising is word of mouth. So if I tell you, 46 00:02:50.840 --> 00:02:53.919 or if if if a TV ad says invest in 47 00:02:54.120 --> 00:02:56.719 x y z, that's fine, it's a TV ad. But 48 00:02:56.800 --> 00:02:59.159 when your friend tells you invest in x y z 49 00:03:00.199 --> 00:03:02.759 and you will get ten percent. Because I invested in 50 00:03:02.919 --> 00:03:05.439 x y Z and I got ten percent, you are 51 00:03:05.560 --> 00:03:11.000 more likely to invest. And that's why it grows exponentiously. 52 00:03:11.360 --> 00:03:14.360 And then of course in the end everybody cries, so 53 00:03:14.800 --> 00:03:18.479 oliminates here as well. Let me just run through a 54 00:03:18.520 --> 00:03:21.120 few of the things, a few of the red flags 55 00:03:21.120 --> 00:03:22.879 that you want to watch out for. I was also 56 00:03:22.879 --> 00:03:25.280 gonna bring Oliminated into top really about this, we just 57 00:03:25.280 --> 00:03:28.800 want to This is more like public service twite money space, 58 00:03:28.840 --> 00:03:31.159 So just maybe you don't know, let me just see 59 00:03:31.159 --> 00:03:33.919 if I can run through them again. And I did 60 00:03:33.960 --> 00:03:37.520 share this tweet. I take an hour ago on the 61 00:03:37.560 --> 00:03:40.120 whole Ponzi schemes, the red flags you want to watch 62 00:03:40.120 --> 00:03:41.520 out for. So I'm just gonna talk. If you have 63 00:03:41.560 --> 00:03:43.960 a question, please request to speak. I'll add you you 64 00:03:43.960 --> 00:03:45.879 can ask you a question. We've got a few guys 65 00:03:45.919 --> 00:03:48.039 that I can take those questions for you. So I 66 00:03:48.080 --> 00:03:51.960 mean Charles Ponzi was the original guy that invented Ponzi schemes, 67 00:03:52.039 --> 00:03:54.719 not invented, but he immediately a big thing before he 68 00:03:54.759 --> 00:03:57.800 came to a guy's doing the same schemes Ponzi schemes 69 00:03:57.840 --> 00:04:00.960 I essentially we'll call pyramid schemes. And you can see 70 00:04:01.000 --> 00:04:02.879 why it's called the pyramid. There's the top and there's 71 00:04:02.919 --> 00:04:05.840 the bottom. The guy's at the bottom right from the base, 72 00:04:06.360 --> 00:04:09.360 and you are told to go bring two people. And 73 00:04:09.439 --> 00:04:11.680 when you bring to people, you make a certain amount 74 00:04:11.719 --> 00:04:13.759 of money or you make you rise up in the pyramids. 75 00:04:13.800 --> 00:04:15.599 So the more you bring, the more you rise up 76 00:04:15.639 --> 00:04:17.800 in that pyramid, the more you make money that pyramid. 77 00:04:17.879 --> 00:04:22.560 That's one way of exploiting greed and ignorance, right, But 78 00:04:22.600 --> 00:04:25.160 the most common one is the point wellness of police scheme. 79 00:04:25.519 --> 00:04:28.839 The original scheme was he was selling post the stamps. 80 00:04:28.480 --> 00:04:31.920 He taught if you buy postage stamps in America, it 81 00:04:32.040 --> 00:04:34.600 was cheaper in America than the country that I used 82 00:04:34.600 --> 00:04:36.800 those stamps. But this was before the internet. So if 83 00:04:36.839 --> 00:04:39.199 you have to post a letter to Nigeria. You would 84 00:04:39.240 --> 00:04:41.720 go buy a worldwide stamp in the US. But he 85 00:04:41.920 --> 00:04:44.879 found that those stamps in Nigeria, for instance, if there 86 00:04:45.000 --> 00:04:47.319 is an example, we're cheaper than the US. So there 87 00:04:47.360 --> 00:04:51.639 was an arbitrage opportunity. So it was a real opportunity 88 00:04:51.720 --> 00:04:54.879 that he exploited. It was a real opportunity. He said, listen, 89 00:04:54.879 --> 00:04:57.480 if you buy those stamps in the US and you 90 00:04:57.519 --> 00:05:00.800 sell them abroad, you make a profit. Fine, But the 91 00:05:00.959 --> 00:05:04.639 problem was he then raised a lot of money over 92 00:05:05.000 --> 00:05:09.279 something that was real, and the returns, of course didn't 93 00:05:09.279 --> 00:05:14.639 now come from the real investment option, but from the 94 00:05:14.759 --> 00:05:18.279 funds that he had raised and was simply using new 95 00:05:18.360 --> 00:05:22.920 money to pay off old obligation. Does that sound familiar? 96 00:05:24.120 --> 00:05:28.920 Pony s claims are always based on real financial or 97 00:05:29.000 --> 00:05:32.240 investment or opportunity. There's no one that's gonna come and 98 00:05:32.279 --> 00:05:34.800 tell you, come and invest. I won't go to the Moon, 99 00:05:34.920 --> 00:05:37.839 I won't go to Mars. No, they will always tell 100 00:05:37.879 --> 00:05:41.040 you what is actually real and actually working in the 101 00:05:41.120 --> 00:05:44.279 real space. But what did then't offer you is much 102 00:05:44.399 --> 00:05:47.360 much higher. So Charles Ponzi, if he had run that 103 00:05:47.480 --> 00:05:53.120 stamp deal, he wouldn't have made five percent, but because 104 00:05:53.399 --> 00:05:55.879 he was now trying to get more money, he said, okay, 105 00:05:55.879 --> 00:05:59.639 I'll give you forty five percent. I'll give you fifty percent. 106 00:05:59.720 --> 00:06:01.879 I mean in forty five days and one hundred percent 107 00:06:01.920 --> 00:06:04.839 in ninety days. That's the Ponzy because there's no investment 108 00:06:04.839 --> 00:06:07.199 I can give that to you. So when you pay him, 109 00:06:07.680 --> 00:06:10.199 he takes your money and it simply pays off the guys. 110 00:06:10.199 --> 00:06:12.920 I won't take their money. But look at this human psychology. 111 00:06:14.720 --> 00:06:16.839 The first time, guys go in there and give Charles 112 00:06:16.839 --> 00:06:22.439 Ponzie ten dollars, Charles Ponzi gives them no, five dollars. 113 00:06:22.519 --> 00:06:25.319 Oh wow, this is interesting. They give him back five 114 00:06:25.399 --> 00:06:28.279 dollars to give them under five dollars. They made their 115 00:06:28.319 --> 00:06:32.879 principle back. So psychologically they've made their principal back. So 116 00:06:32.959 --> 00:06:36.399 what's there to lose. Just stay with him. So they 117 00:06:36.639 --> 00:06:41.439 leave their principal, leave their interest with Charles Ponzi, and 118 00:06:41.480 --> 00:06:43.680 then tell the other friends, Hey, come on invest, come 119 00:06:43.680 --> 00:06:46.319 on invest. This thing is actually working. And of course 120 00:06:46.319 --> 00:06:49.680 you don't have this spiral. Just base just keeps on growing. 121 00:06:49.720 --> 00:06:53.360 Folks going and invest. Ponzy scheams don't die because the 122 00:06:53.439 --> 00:06:56.639 model is just self perpetuating. It's only when they run 123 00:06:56.639 --> 00:06:59.720 out of investors that it all comes crashing down. You 124 00:06:59.759 --> 00:07:01.040 go to and you say, oh my money, will give 125 00:07:01.040 --> 00:07:04.120 your money. There's always a new soccer in code that's 126 00:07:04.160 --> 00:07:08.439 coming and that's the whole idea. So number one thing, 127 00:07:08.480 --> 00:07:12.040 let just go straight to it. In Nigeria, you never invest. 128 00:07:12.360 --> 00:07:14.639 You never give anybody your money to invest. We talk 129 00:07:14.680 --> 00:07:19.639 about securities now, not the private arrangement, not the business arrangement, 130 00:07:19.680 --> 00:07:21.720 not that you want to invest in, say a restaurant. No. 131 00:07:22.360 --> 00:07:24.120 If it all comes to you and says I want 132 00:07:24.160 --> 00:07:26.519 to sell you a security, I want to sell you 133 00:07:26.560 --> 00:07:30.360 an investment option. And that security does not have a 134 00:07:30.480 --> 00:07:34.360 sex license, SEC Secreity and Exchange Commission license, you do 135 00:07:34.399 --> 00:07:38.839 not invest. Does it mean that all second investments are 136 00:07:39.680 --> 00:07:43.079 going to make your money. No, But once they do 137 00:07:43.160 --> 00:07:46.199 not have a sex license, just stop there and move away. 138 00:07:46.639 --> 00:07:50.120 Don't start to ask questions, don't start to say okay, no, no, no. 139 00:07:50.160 --> 00:07:52.800 Once you don't you don't have a sex license, you leave. 140 00:07:52.920 --> 00:07:55.680 And it's not just the SEC license on the corporation. 141 00:07:56.879 --> 00:08:02.199 The corporation and the product both have to have a 142 00:08:02.399 --> 00:08:07.600 sex license. So if x y Z is selling x 143 00:08:07.720 --> 00:08:10.680 y Z product. Both x y Z and x y 144 00:08:10.839 --> 00:08:15.800 Z product have got to be sex approved. If you 145 00:08:15.839 --> 00:08:21.439 see the words guarantee and the words trading together in 146 00:08:21.519 --> 00:08:25.600 any investment it's fraudulent. I don't care who gave it 147 00:08:25.639 --> 00:08:28.120 to you, I don't care where you saw it. Once 148 00:08:28.160 --> 00:08:32.440 you see the words trading and the words guaranteed together 149 00:08:32.480 --> 00:08:35.080 in any investment product, it's fraudulent. If you see the 150 00:08:35.120 --> 00:08:38.440 words guaranteed in any investment product is a red flag 151 00:08:39.080 --> 00:08:42.360 because no real investor would ever give you a guarantee 152 00:08:42.519 --> 00:08:45.720 when you are investing. It's not possible. So the word 153 00:08:45.759 --> 00:08:49.840 guarantees your red flag. The work guarantee and trading simply 154 00:08:49.879 --> 00:08:52.519 means just run away. Right. This is a very very 155 00:08:52.559 --> 00:08:55.600 simple than You don't have to have a cop to 156 00:08:55.600 --> 00:08:58.000 follow what I was talking about. Right now. If someone 157 00:08:58.039 --> 00:09:00.519 tells you, if you give me money, I will give 158 00:09:00.559 --> 00:09:03.720 you a fixed return, no matter what they call it, 159 00:09:04.039 --> 00:09:06.639 you are buying a bond. So so on says, hey 160 00:09:06.679 --> 00:09:08.960 give me ten ten to narr and I'm going to 161 00:09:09.039 --> 00:09:11.600 give you ten percent. Once they quote a percent, they're 162 00:09:11.600 --> 00:09:14.120 going to give you no matter what they call it. 163 00:09:14.200 --> 00:09:17.399 You are buying a bond. When you do fix departs 164 00:09:17.440 --> 00:09:21.120 is that just a bond that is maturing less than 165 00:09:21.159 --> 00:09:23.279 a year, So we call it a friend in money market. 166 00:09:23.360 --> 00:09:26.320 But essentially you are buying a bond. So letter call 167 00:09:26.360 --> 00:09:31.120 it crypto trading, binary options, agriculture, buy a pig and 168 00:09:31.159 --> 00:09:35.600 get fifteen percent. Once they quote a percent to you, 169 00:09:35.600 --> 00:09:38.120 you are buying a bond. So if you're buying a bond, 170 00:09:38.159 --> 00:09:39.519 what do you want to ask the guy? How are 171 00:09:39.519 --> 00:09:42.000 you going to pay me back? Waste the sinking fund? 172 00:09:42.399 --> 00:09:44.200 So if you notice, when you buy bonds from the 173 00:09:44.240 --> 00:09:46.480 federal governmental, from the bank, they'll tell you we have 174 00:09:46.600 --> 00:09:48.879 a sinking pond. We miss there's money set aside to 175 00:09:48.960 --> 00:09:52.320 pay you. Just one tells you, oh, invest in me. 176 00:09:52.399 --> 00:09:55.639 I'm going to give you fifteen percent percent. That's a bond. 177 00:09:55.879 --> 00:09:58.240 Doesn't matter whether it's four x, it doesn't matter what 178 00:09:58.320 --> 00:10:02.080 it is, agriculture or crypto. It's a bond. So weere's 179 00:10:02.080 --> 00:10:06.039 the sinking fun Like a stable coin in crypto cryptos 180 00:10:06.159 --> 00:10:11.440 have the balance sheet or the deposit that back up 181 00:10:11.440 --> 00:10:14.200 the stable coins. That's the whole idea, right, and again, 182 00:10:14.240 --> 00:10:17.200 what's your ankle? If you hear I'm going to give 183 00:10:17.240 --> 00:10:20.240 you one hundred percent, always ask yourself what's the risk 184 00:10:20.399 --> 00:10:23.559 free rate in Nigera the risk per rate today which 185 00:10:23.600 --> 00:10:26.559 is from the MPR, it's about maybe twenty one twenty 186 00:10:26.639 --> 00:10:29.679 two percent. That means that in the Federal Government of 187 00:10:29.759 --> 00:10:32.639 Nigeria wants to borrow money, they will borrow at twenty 188 00:10:32.720 --> 00:10:36.639 one twenty two percent. That's your ankle. So one stones 189 00:10:36.639 --> 00:10:39.759 has to go far away from that ankle, red flag, 190 00:10:39.879 --> 00:10:42.759 red flag red flags. So one's offering you one hundred percent, 191 00:10:43.039 --> 00:10:45.960 that's too far from twenty five percent. If one is 192 00:10:46.000 --> 00:10:48.519 offering you ten ten percent, that's okay, it's no, it's 193 00:10:48.559 --> 00:10:51.399 within that twenty five percent reach. That's the risk periods. Yeah, 194 00:10:51.440 --> 00:10:54.759 within that twenty five percent riache. You can't take anyone 195 00:10:54.840 --> 00:10:58.159 offering you fifty percent or one hundred percent. Seriously, it's 196 00:10:58.159 --> 00:11:02.759 too far on your investment return right. There is also 197 00:11:02.799 --> 00:11:07.000 no investment no insurance, I mean for investment losses. So 198 00:11:07.039 --> 00:11:08.879 when you see the agriculture guy is telling you if 199 00:11:08.879 --> 00:11:11.279 you invest in a farm, if you lose money, we 200 00:11:11.320 --> 00:11:15.000 are insured. It's not true. The farm is insured, but 201 00:11:15.320 --> 00:11:18.919 your investment is not insured. There is no investment or 202 00:11:19.000 --> 00:11:24.600 insurance that covers losses from investment, none at all. Then 203 00:11:24.639 --> 00:11:27.000 what should you also do? When you won't invest in 204 00:11:27.039 --> 00:11:31.399 any corporation anywhere. Write a check. I know when the 205 00:11:31.440 --> 00:11:34.799 digital ageay does transfer money. Try to write a check. 206 00:11:35.200 --> 00:11:39.159 A check creates I don't going to it creates more 207 00:11:39.679 --> 00:11:42.399 claim if I can use that way on that organization. 208 00:11:42.559 --> 00:11:46.360 So if ever they find these guys that have duped you, 209 00:11:46.600 --> 00:11:48.159 there's going to be a registre of folks that have 210 00:11:48.320 --> 00:11:50.120 investment money in there are going to pay you back. 211 00:11:50.159 --> 00:11:52.320 If you have a check, deposit or a transfer, you 212 00:11:52.399 --> 00:11:55.639 get paid, but make sure there's a paper trail to 213 00:11:55.720 --> 00:11:58.519 show that money left you to that company, which means 214 00:11:58.559 --> 00:12:01.440 you never ever invest to a cash because cash. If 215 00:12:01.440 --> 00:12:03.600 you give them cash, they give you a receipt. There's 216 00:12:03.600 --> 00:12:05.639 no way you should that cash is your cash, it's 217 00:12:05.720 --> 00:12:08.679 just their receipt. But when you do a check, your 218 00:12:08.720 --> 00:12:11.000 bank is going to be debited by their bank. So 219 00:12:11.039 --> 00:12:13.240 you have that proof in your bank. Even if you 220 00:12:13.279 --> 00:12:15.960 lose your check, you have that proof, right, So try 221 00:12:16.000 --> 00:12:18.279 to pay with a check. And of course we've also 222 00:12:18.279 --> 00:12:21.720 shared this this sec website link that you can go 223 00:12:21.799 --> 00:12:26.960 into and pull that link. What s secret dot god 224 00:12:27.200 --> 00:12:31.039 dot eng slash c mus put in another company that 225 00:12:31.200 --> 00:12:34.720 it will tell you what in that company is or 226 00:12:34.759 --> 00:12:38.919 not guys less than eight points for you to just cram. 227 00:12:39.039 --> 00:12:41.919 If you follow this eight points, you won't lose your money. 228 00:12:42.279 --> 00:12:44.039 I'm not saying you make money, but you will lose 229 00:12:44.080 --> 00:12:46.200 your money if you don't invest in folks are not 230 00:12:46.320 --> 00:12:49.320 SEC registered. You do all these other tricks you watch. 231 00:12:49.440 --> 00:12:51.559 Don't be greedy. If it's one hundred percent, it's too 232 00:12:51.600 --> 00:12:54.039 far from MPI, you run away. If they are often 233 00:12:54.039 --> 00:12:57.120 you're granted returnings a bond. Ask them questions. You will 234 00:12:57.159 --> 00:12:59.559 do this, you will lose money. Don't be too greedy 235 00:12:59.639 --> 00:13:01.519 or live the what have I missed outing? I've given 236 00:13:01.559 --> 00:13:04.759 about it? What have I missed out? That folks should 237 00:13:04.759 --> 00:13:08.159 listen and follow them? And what you. 238 00:13:08.240 --> 00:13:12.759 Meant and actual fact I was just like our sharing 239 00:13:13.600 --> 00:13:17.360 deeper context of the articles I wrote on a metrics 240 00:13:17.759 --> 00:13:18.200 last week. 241 00:13:18.240 --> 00:13:19.679 I was just like you think. 242 00:13:19.519 --> 00:13:21.879 I was working for the SEC commit and that was 243 00:13:21.960 --> 00:13:26.240 because of the endemic problem in our society in terms 244 00:13:26.240 --> 00:13:30.679 of misinformation, ignorance, arrogance, and the fact that many. 245 00:13:30.480 --> 00:13:32.720 Of us refused to learn. You see. 246 00:13:34.039 --> 00:13:39.279 The you know you said everything, the methology, the historicals, 247 00:13:41.120 --> 00:13:41.799 things to look for. 248 00:13:42.559 --> 00:13:46.000 These things have been as old as. 249 00:13:47.879 --> 00:13:51.840 This system itself, but it's unfortunately that many of. 250 00:13:51.799 --> 00:13:55.159 Us keep falling for the same keep trap. 251 00:13:55.480 --> 00:14:00.240 And the conversation is why, you know, so Calu, I 252 00:14:00.279 --> 00:14:07.559 wrote stories about it because I understood the fact on 253 00:14:07.639 --> 00:14:14.200 social media that many Nigeria's don't even understand the constudients 254 00:14:14.240 --> 00:14:18.120 and the ompires in the investment industry. So you know, 255 00:14:18.519 --> 00:14:24.039 I didn't even know about this about this point that 256 00:14:24.240 --> 00:14:27.000 really yet that I did know until it's on the news, 257 00:14:27.080 --> 00:14:29.320 because none of my prayers, just by the fact that 258 00:14:29.320 --> 00:14:32.039 there have a lot of people, for example, in a 259 00:14:32.200 --> 00:14:35.240 book about it, so many friends, so I was supposed 260 00:14:35.279 --> 00:14:38.279 like where is it coming from? And I tried to 261 00:14:38.360 --> 00:14:41.159 understand the story, and I figured out that it was 262 00:14:41.200 --> 00:14:44.639 not just Nigeria care other countries because I also wrote 263 00:14:44.679 --> 00:14:46.960 the story on foreign media and I found out that 264 00:14:47.799 --> 00:14:50.080 a lot of foreigners also had issues. 265 00:14:50.519 --> 00:14:53.799 So the context is that the amount. 266 00:14:53.600 --> 00:14:57.679 Stole in first, it's desputable because. 267 00:14:57.360 --> 00:15:00.279 Where the money went towards andward it outward. It zip 268 00:15:00.440 --> 00:15:02.759 means all that all that online. 269 00:15:02.399 --> 00:15:05.559 On the internet, and it belonged to try exchange. So 270 00:15:05.600 --> 00:15:10.120 it was pretty much quite difficult to ascertain amount. But 271 00:15:10.879 --> 00:15:15.120 radically millions of dollars from the nine Geran units were 272 00:15:15.200 --> 00:15:19.320 clost and the question is why why in terms of 273 00:15:19.320 --> 00:15:21.840 the fact that it's supposed to become this week, the 274 00:15:21.960 --> 00:15:22.759 opportunities in. 275 00:15:22.679 --> 00:15:23.600 Our capital market. 276 00:15:23.919 --> 00:15:27.159 So there were there were three scenarios. Deception, I was 277 00:15:27.159 --> 00:15:28.440 speaking of deception. 278 00:15:28.600 --> 00:15:31.919 Then ignorance and Aarican's part reception was that you know, 279 00:15:32.039 --> 00:15:32.960 people feel that. 280 00:15:33.559 --> 00:15:37.200 Because I s to guess today, I saw impostory. 281 00:15:37.080 --> 00:15:39.039 And the point play was like how. 282 00:15:39.039 --> 00:15:46.679 He and how SCC had the copy of first commission 283 00:15:46.759 --> 00:15:50.960 restriction was just to deceive a lot of Nigerians. And 284 00:15:51.000 --> 00:15:56.240 I put back to guys because a company house e 285 00:15:56.360 --> 00:16:00.919 FCC my laundry restriction, which I as. 286 00:16:02.240 --> 00:16:07.240 Your kid or since does not necessarily. 287 00:16:06.639 --> 00:16:13.480 Mean that the investment satisfied. I brought the conversation. I 288 00:16:13.519 --> 00:16:15.720 slept over by the middle of the night. I saw 289 00:16:15.720 --> 00:16:19.159 a lot of controversies that ah, yes programming, and I 290 00:16:19.240 --> 00:16:22.360 was like, that is why we keep following the same track, 291 00:16:22.480 --> 00:16:27.200 because you don't even understand the cost of the investment community. 292 00:16:27.559 --> 00:16:29.240 If you look at Nigeria and you look at the 293 00:16:29.279 --> 00:16:33.279 netizy for example, Nigeria e spec is like the alpha. 294 00:16:33.519 --> 00:16:36.399 The investment community in the American committees is not like that. 295 00:16:36.480 --> 00:16:38.559 Because we have CTC. 296 00:16:38.919 --> 00:16:42.039 Then we have SEC. Then we have other sides. 297 00:16:41.840 --> 00:16:45.960 Under the US FAD for example the ones that. 298 00:16:47.519 --> 00:16:50.639 US the banks the payment license different you know. But 299 00:16:50.879 --> 00:16:51.919 in Nigeria. 300 00:16:51.720 --> 00:16:56.039 Basically we focus on the true mediums, the CBRE and 301 00:16:56.559 --> 00:17:00.320 the secret Commission. Some Nigers were saying that okay, course, 302 00:17:00.840 --> 00:17:04.680 for example, fare Money was offering interest rate products, why 303 00:17:04.680 --> 00:17:06.599 don't they have set lincees And I was like, see, 304 00:17:07.000 --> 00:17:11.400 you need to understand with a banking product, a products 305 00:17:11.640 --> 00:17:15.359 and an investment product. So first of all, there was 306 00:17:15.359 --> 00:17:17.359 a problem with that pad. So you could see that 307 00:17:17.920 --> 00:17:20.480 when you don't even understand how to differentiate it needed 308 00:17:20.519 --> 00:17:22.920 to for you to campaign. You also need to understand 309 00:17:22.920 --> 00:17:25.440 that have been registered on that the copy of vest 310 00:17:25.440 --> 00:17:29.319 Commission does not mean that you are legally. 311 00:17:30.680 --> 00:17:32.359 Accepted in the investment community. 312 00:17:32.920 --> 00:17:36.200 And also because you have the set lines doesn't mean 313 00:17:36.319 --> 00:17:38.599 an engel. And I give examples that it will be 314 00:17:38.960 --> 00:17:41.599 just this that happens to be the most compliants and 315 00:17:41.720 --> 00:17:45.039 efficient market lactual market in the world. We've seen cases 316 00:17:45.079 --> 00:17:48.039 where sacred with their firms commit their crimes. But I said, 317 00:17:48.039 --> 00:17:51.880 the advantage is that you have some form of protection because. 318 00:17:51.599 --> 00:17:54.240 If things go wrong, you can fight it. 319 00:17:54.319 --> 00:17:57.599 Out with sex or the government and they can also 320 00:17:57.720 --> 00:17:59.200 how those people accountable. 321 00:17:59.640 --> 00:18:01.799 Like this case now we don't even know the. 322 00:18:01.799 --> 00:18:04.960 Major actors despite the fact that it was registered. It's 323 00:18:05.000 --> 00:18:08.720 more probably they used in skille goods as a porn 324 00:18:08.920 --> 00:18:13.559 to register the office or something, which you know, it's 325 00:18:13.599 --> 00:18:16.920 most likely that do not get their money because they 326 00:18:17.000 --> 00:18:24.000 used the exchange, they used the crypto and from Keeper Forensics, the. 327 00:18:23.960 --> 00:18:28.359 Report is that he came from Asia. So so you're 328 00:18:28.440 --> 00:18:31.240 saying the Nigerian was just the window to collect money 329 00:18:31.240 --> 00:18:32.759 from Nigerian Nigeria. 330 00:18:33.680 --> 00:18:36.039 Yeah, Gargies was not to be just like yeah, because 331 00:18:36.079 --> 00:18:39.000 even if you look at the case of also the 332 00:18:39.599 --> 00:18:41.920 context is that doing Promer had a fair government when 333 00:18:41.960 --> 00:18:44.440 I was like, oh that the faire government that got better. 334 00:18:44.519 --> 00:18:48.359 You start, first of all, I think financial incuracy is 335 00:18:48.359 --> 00:18:52.000 at all time, even among financial professionals as well. Arguing 336 00:18:52.039 --> 00:18:57.400 on this piece, yeah, as long as Yeah, so it's 337 00:18:57.680 --> 00:19:02.119 it's very humiliating when you know that people that you 338 00:19:02.279 --> 00:19:05.440 expect no better don't even understudy physics, so. 339 00:19:05.359 --> 00:19:08.880 You understand why scams goals come to play. So that's that's. 340 00:19:08.680 --> 00:19:11.720 Why I said rogas because when you know you don't know, 341 00:19:12.160 --> 00:19:15.720 I refuse to learn. The narrogans take the greater rules. 342 00:19:15.759 --> 00:19:19.079 So when people say greed, when people say provert years, yes, 343 00:19:19.160 --> 00:19:22.720 but people that are invested forty thousand dollars hun thousand dollars, 344 00:19:22.759 --> 00:19:26.480 they are not poor people. And it's very unfortunate that 345 00:19:27.079 --> 00:19:30.119 in the Nigerian context, if you have thirty forty fifty, 346 00:19:30.359 --> 00:19:32.559 you're in the upper middle class at least if we are. 347 00:19:32.440 --> 00:19:33.480 Not in the one percent. 348 00:19:33.839 --> 00:19:39.319 So I expect that you have structural financial arrangement inform 349 00:19:39.319 --> 00:19:44.039 of an investment banker, the financial advisor, someone that works 350 00:19:44.079 --> 00:19:49.000 in the reputable that will give you forensic advice. 351 00:19:49.039 --> 00:19:49.279 You know. 352 00:19:49.480 --> 00:19:51.839 And I've always given the moaning that you need to 353 00:19:51.920 --> 00:19:56.000 understand that the financial industry is very regulated because somebody 354 00:19:56.000 --> 00:20:00.000 has to financial education does not making a real good. 355 00:20:00.119 --> 00:20:03.119 The financial advisor use not that talking. 356 00:20:03.200 --> 00:20:04.839 Why I'm talking to say that this is my vest 357 00:20:05.000 --> 00:20:08.160 that because we are not authorized to. 358 00:20:08.160 --> 00:20:11.680 Offer investment to the public. Simple, So you need to 359 00:20:11.720 --> 00:20:12.319 understand that. 360 00:20:13.039 --> 00:20:15.440 The financial industry is heavy. 361 00:20:16.720 --> 00:20:16.920 Sins. 362 00:20:16.960 --> 00:20:21.599 It'sive in terms of investments for the public, but a 363 00:20:21.599 --> 00:20:22.559 lot of people take it forgot. 364 00:20:22.960 --> 00:20:25.000 So people will come to that or what's talking to you. 365 00:20:25.000 --> 00:20:28.079 By hopfully when you're talking to an audio. We want 366 00:20:28.119 --> 00:20:31.079 to when you ignore the everything that you don't want 367 00:20:31.079 --> 00:20:33.160 to help them when they don't understand that these lat 368 00:20:33.240 --> 00:20:35.720 froms that it's so we need to understand. 369 00:20:35.279 --> 00:20:39.759 The business and very so, just just walk us through 370 00:20:39.839 --> 00:20:42.720 for the guys listeners, very not investment professionals. Walk me 371 00:20:42.799 --> 00:20:47.240 through SEC license, e f C C license and c 372 00:20:47.480 --> 00:20:50.880 AC license. If I go to a I mean, if 373 00:20:50.920 --> 00:20:53.440 I go to a store and I see c AC 374 00:20:53.759 --> 00:20:56.960 license and they're asking me to buy shares, should I 375 00:20:57.039 --> 00:20:59.400 buy yes or no? No? 376 00:20:59.640 --> 00:21:02.200 So how we explain to you so that for people 377 00:21:02.240 --> 00:21:03.559 to understand, because it seems that. 378 00:21:03.759 --> 00:21:06.200 Financial jargon woods are. 379 00:21:06.200 --> 00:21:08.880 Like dragons in guys or in the years of many. 380 00:21:09.160 --> 00:21:12.359 So let's say in your spicture, for example, now we 381 00:21:12.440 --> 00:21:15.279 have the pharmacists, we have the micropologists, we have the doctor. 382 00:21:15.880 --> 00:21:17.000 Now you have typhoons. 383 00:21:17.039 --> 00:21:21.680 We have naturally in micropologists will tell you that you 384 00:21:21.799 --> 00:21:25.920 have SOMEONELLA type without even without test you. Once he 385 00:21:25.960 --> 00:21:29.039 knows that you have there without any who does like 386 00:21:29.200 --> 00:21:31.519 he knows someone and he knows that for you to 387 00:21:31.559 --> 00:21:36.839 treat that you need antibiotics. Right, he knows that you're 388 00:21:36.920 --> 00:21:38.880 someone that is taken in this morning. 389 00:21:38.680 --> 00:21:43.319 Test time but it is not allowed by law to 390 00:21:43.720 --> 00:21:47.039 diagonals is the work of the doctor. Now here's the 391 00:21:47.079 --> 00:21:47.839 reason for that. 392 00:21:48.079 --> 00:21:50.559 Now, if you've got to the pharmacists, for example, the 393 00:21:50.599 --> 00:21:54.079 pharmacist knows the drug you should take, even when you 394 00:21:54.240 --> 00:21:58.559 mentioned typhoon and yes you guys weren't going for tests. 395 00:21:58.599 --> 00:22:01.559 But by law is not allowed to diable nice. 396 00:22:01.680 --> 00:22:05.200 It's just to provide your drugs to you. 397 00:22:05.680 --> 00:22:07.440 That's the law. 398 00:22:07.799 --> 00:22:11.079 And the reason that was that they understand that there 399 00:22:11.000 --> 00:22:15.079 are other circumstances that can monos be typhoed and it 400 00:22:15.200 --> 00:22:18.680 might be secondary reaction on things like beyond typho to 401 00:22:19.079 --> 00:22:19.880 the doctor. 402 00:22:19.680 --> 00:22:23.160 Plays in key word the same thing. In the investment world, 403 00:22:23.640 --> 00:22:25.799 you know the CBN because you're a bank. 404 00:22:26.119 --> 00:22:28.839 For example, I mentioned that you're start bigger a GT 405 00:22:29.839 --> 00:22:32.279 most you are coming to the investment world, you need 406 00:22:32.319 --> 00:22:33.160 the set liences. 407 00:22:33.400 --> 00:22:37.000 That's why you see when g is saying they're mutual 408 00:22:37.039 --> 00:22:40.200 forms or UP or GITT that you see. 409 00:22:40.079 --> 00:22:42.200 The banks, they will tell you that this is regulated 410 00:22:42.279 --> 00:22:42.519 by the. 411 00:22:42.839 --> 00:22:44.039 Security Achieve Commission. 412 00:22:44.200 --> 00:22:46.920 Any fund manager that is working in the bank miss 413 00:22:47.240 --> 00:22:50.319 despite the fact that it has CBN. So you need 414 00:22:50.359 --> 00:22:53.640 to understand that every license has. 415 00:22:53.640 --> 00:22:57.200 Turradition and their own fundy. The work of the CNC 416 00:22:57.799 --> 00:23:01.799 is just to register an entity. People have more questions. 417 00:23:04.279 --> 00:23:07.119 So number one, if I go to the investment house 418 00:23:07.200 --> 00:23:10.720 in quote and they only have CEC, don't buy the ash. 419 00:23:10.759 --> 00:23:14.440 Don't buy shares that have been offered to the public. Okay. 420 00:23:15.799 --> 00:23:18.839 So that means that means they're legally registered in Nigeria, 421 00:23:18.960 --> 00:23:22.759 but they're not legally registered to issue or sell or 422 00:23:22.880 --> 00:23:27.599 market securities. Correct that? Okay? Yeah, okay, So let's look 423 00:23:27.599 --> 00:23:30.119 at the second one. If I go to the investment 424 00:23:30.160 --> 00:23:33.240 house in quote, they have CEC and they have e 425 00:23:33.440 --> 00:23:35.960 f CS. You know, is the one that tracks money laundering, 426 00:23:36.400 --> 00:23:38.640 the track if you're a bad guy. So now these 427 00:23:38.680 --> 00:23:42.200 guys have got c a C, they have money laundering certificate. 428 00:23:42.640 --> 00:23:46.359 They are selling shares to the public. If they are bad, 429 00:23:47.039 --> 00:23:49.200 will not give them license? Should I invest? 430 00:23:50.400 --> 00:23:53.839 It's a function of knowledge. 431 00:23:54.000 --> 00:23:56.240 What's the rule of the SEC. 432 00:23:56.720 --> 00:23:59.839 If you understand the clays or you understand the invstriction, 433 00:24:00.359 --> 00:24:03.000 it's more about winds and drew and just to ensure 434 00:24:03.039 --> 00:24:06.920 that that entity is not a security bred they have 435 00:24:07.000 --> 00:24:10.920 you to functionalize by investment. When you look at the 436 00:24:11.160 --> 00:24:15.319 conflagration of the SEC's made of enforcement officers and lawyers 437 00:24:15.359 --> 00:24:18.119 that work in the terms of the security arrangement of 438 00:24:18.400 --> 00:24:22.559 the country. So yes, financial they deal with financial crimes, 439 00:24:22.680 --> 00:24:26.359 but there's more the enforcements. So you need to understand that, 440 00:24:26.559 --> 00:24:29.000 yeah you have that princess. 441 00:24:29.039 --> 00:24:31.160 It even makes it you could you could still be 442 00:24:31.160 --> 00:24:33.200 a criminal. That's what I was trying to make people understand. 443 00:24:33.480 --> 00:24:35.480 And therese more you need. The is liable. 444 00:24:36.680 --> 00:24:39.319 The only problem that we could argue about is that 445 00:24:39.640 --> 00:24:44.200 maybe once the is that, oh you have an investment 446 00:24:44.279 --> 00:24:47.640 objective or investment functional or you want to an investment, 447 00:24:47.720 --> 00:24:49.240 maybe they will require that. 448 00:24:49.279 --> 00:24:52.160 Okay, you need to have the said linces before they 449 00:24:52.160 --> 00:24:52.839 give you that. 450 00:24:52.839 --> 00:24:55.359 That's another discussion because if you look at the Nigerian 451 00:24:55.400 --> 00:24:56.519 cis for example, if. 452 00:24:56.400 --> 00:24:58.039 I well I was in the country. 453 00:24:58.200 --> 00:25:00.559 If you want to register a capital, if you want 454 00:25:00.559 --> 00:25:02.039 to some financial. 455 00:25:01.599 --> 00:25:07.240 Word investment, investment, Nigeria bank and they won't they won't 456 00:25:07.240 --> 00:25:08.680 really start those comp those names for. 457 00:25:08.640 --> 00:25:12.079 You will answer for for example, you want to answer 458 00:25:12.119 --> 00:25:14.240 banks for CPL said if you want to look after 459 00:25:14.359 --> 00:25:19.039 you answer for a counter that you ask for keywords 460 00:25:19.279 --> 00:25:22.720 to maybe you have to do that in future. But 461 00:25:23.000 --> 00:25:26.160 they are not like technically I'm not looking at the 462 00:25:26.680 --> 00:25:31.279 linear interpretation of the judicial they are not they don't 463 00:25:31.319 --> 00:25:32.440 have any business with. 464 00:25:33.000 --> 00:25:36.440 The answer is no, it's it's not really ex because 465 00:25:36.720 --> 00:25:40.599 if you are selling securities. This is the differentiation Nigeria. 466 00:25:40.599 --> 00:25:43.880 If you are selling securities, which means you are asking 467 00:25:43.920 --> 00:25:48.480 people in public. The key word is public. If if 468 00:25:48.839 --> 00:25:51.000 if I don't live there in nearbar, I said them, 469 00:25:51.039 --> 00:25:52.880 they have this share to sell to you. It's for 470 00:25:53.000 --> 00:25:54.680 ten thousands. Them they give me ten and I give 471 00:25:54.759 --> 00:25:57.359 my share. Two of us are talking. Has no problem 472 00:25:57.440 --> 00:25:59.559 with that. If my brother or my girlfriend comes to me, 473 00:25:59.839 --> 00:26:01.960 I do a deal with her. Second the problem with that. 474 00:26:02.440 --> 00:26:05.480 But once I go to the radio, to Twitter, to anywhere, 475 00:26:05.480 --> 00:26:07.920 to the public and I say hey, I have this share, 476 00:26:08.000 --> 00:26:10.480 come and buy from me, sexist. You have to register 477 00:26:10.599 --> 00:26:14.119 to even say that. That's the problem when ef SO 478 00:26:14.480 --> 00:26:17.640 people are EFCC is saying I have I had a 479 00:26:17.680 --> 00:26:20.200 dest in Niger and it told me to come and 480 00:26:20.240 --> 00:26:23.960 I had money transfer whatever this told me, come and 481 00:26:24.039 --> 00:26:27.160 get e FCC license. I said, for what, it's just 482 00:26:27.279 --> 00:26:30.880 my book. I'm not sending the book. What oh, Because 483 00:26:30.920 --> 00:26:33.200 you have a bank account and you are receiving money, 484 00:26:33.440 --> 00:26:35.400 so you have to get EFC license. Okay, but I'm 485 00:26:35.440 --> 00:26:37.640 not trading. I mean what I'm trying to get to 486 00:26:37.759 --> 00:26:41.400 is that that EFC license is a bit to people 487 00:26:41.559 --> 00:26:44.279 use it and say I am cleared this that's the world. 488 00:26:44.400 --> 00:26:47.559 I am cleared by EFCC. See how I asked my question. 489 00:26:48.519 --> 00:26:51.079 Yeah, I didn't understand the fact that it's more of 490 00:26:51.160 --> 00:26:57.920 a security functionality and just for the the enforcement JENC 491 00:26:58.119 --> 00:27:01.000 to have you on that there because if you look 492 00:27:01.000 --> 00:27:05.000 at the like this, for example, they're already connected with 493 00:27:05.039 --> 00:27:05.680 the inter pool. 494 00:27:05.759 --> 00:27:09.440 The n BI does to ensure that this gets said 495 00:27:09.480 --> 00:27:10.839 to you, coun. 496 00:27:11.200 --> 00:27:14.200 Why they're doing but you they have no over sits 497 00:27:14.559 --> 00:27:17.759 in the investment vocalo me are you not this conversation? 498 00:27:18.359 --> 00:27:20.039 Many like you even. 499 00:27:20.680 --> 00:27:22.960 And there's another problem again, a lot of people tell 500 00:27:22.960 --> 00:27:25.599 you that, okay, what if it's an accountant, use the 501 00:27:25.680 --> 00:27:26.400 financial profession? 502 00:27:26.839 --> 00:27:29.880 Can you offer? I say, then side is no. Because 503 00:27:31.000 --> 00:27:32.400 technical yes, if you look at. 504 00:27:32.319 --> 00:27:36.400 How technical securture is. Because he company has securature has 505 00:27:36.480 --> 00:27:38.759 changed planks don't mean he has. 506 00:27:38.599 --> 00:27:41.440 A will to of they are different. 507 00:27:41.599 --> 00:27:44.680 There's one monment that says costudient there's different. 508 00:27:44.720 --> 00:27:47.079 There's so many, there's too many. So you have to 509 00:27:47.160 --> 00:27:49.279 understand that even because you. 510 00:27:49.200 --> 00:27:51.759 Are in the financial profession that you have to certifications 511 00:27:52.000 --> 00:27:56.720 does not give you the luxury to offer investment products 512 00:27:56.720 --> 00:27:58.880 to the public without And that's why I did that 513 00:27:58.960 --> 00:28:02.759 story for people to understand as c SET is coming 514 00:28:02.799 --> 00:28:06.200 for cegibrities and influencers. If you think that this one 515 00:28:06.240 --> 00:28:09.839 that these days are okay, you offer investments because you see, 516 00:28:10.000 --> 00:28:11.200 I can in love. 517 00:28:11.079 --> 00:28:15.559 Like yours, get points and many of them, out of shame, 518 00:28:15.640 --> 00:28:18.079 they keep quiet. And sometimes if you look at GMS, 519 00:28:18.079 --> 00:28:21.119 you look at comments, it prings you because many. 520 00:28:20.880 --> 00:28:23.920 Of them it's not because they were just britty. They 521 00:28:23.960 --> 00:28:26.519 had trusting the systems, they believed the okay this and 522 00:28:27.000 --> 00:28:29.480 the lack of understanding of how these things work. So 523 00:28:29.599 --> 00:28:32.559 the government is saying that c they are going to 524 00:28:32.599 --> 00:28:35.920 be more aggressive on influencers and celebrities because if you 525 00:28:35.920 --> 00:28:38.720 look at the crypto market, for example, crypto is not 526 00:28:39.000 --> 00:28:43.279 illegal in Anigia, but to see, but I cannot sell 527 00:28:43.279 --> 00:28:46.960 crypto to the public because I need a form of 528 00:28:48.240 --> 00:28:52.000 the lindest to be a cet as an exchange in Brooker. 529 00:28:52.240 --> 00:28:56.440 That's what people don' understand because in an asset is 530 00:28:56.480 --> 00:28:57.200 not in legal. 531 00:28:57.799 --> 00:28:58.960 You have to also look. 532 00:28:58.839 --> 00:29:02.119 At the person selling it on the claiming to offer 533 00:29:02.200 --> 00:29:02.720 the services? 534 00:29:03.359 --> 00:29:06.359 Do they have the license to the sex. 535 00:29:06.480 --> 00:29:12.359 That was inspicuilty as your commissioned technical insict. 536 00:29:12.400 --> 00:29:16.319 That money issue, they're not going to get the money back. 537 00:29:16.400 --> 00:29:20.960 Let's just they don't give up the false falsehood. Someone 538 00:29:21.000 --> 00:29:23.319 asked me on TV. I said, the money is gone. 539 00:29:23.519 --> 00:29:26.680 It's not coming back. The money is gone. Sorry that 540 00:29:26.880 --> 00:29:28.880 don't give up the false hoop. The money is not 541 00:29:28.920 --> 00:29:31.599 coming back. The one with what's this guy? S BK? 542 00:29:31.759 --> 00:29:34.200 What's that guy's name? What's that guy's name? The one 543 00:29:34.240 --> 00:29:36.279 in the US, The boy in the US, what's his name? 544 00:29:36.960 --> 00:29:39.119 S BK? What's that? Guys believing they want that did 545 00:29:39.160 --> 00:29:45.480 the fraud? Now the crypto guy, Oh my god, SOMEBF 546 00:29:45.839 --> 00:29:51.319 SBS SBF was they had a bank, they had assets, 547 00:29:51.799 --> 00:29:56.640 they had collateral. So the the guy that was appointed 548 00:29:56.720 --> 00:29:59.279 was able to go to the assets and grab those assets. 549 00:29:59.640 --> 00:30:03.160 The with this gentleman, the older guy, oh my god, 550 00:30:03.200 --> 00:30:07.440 what's happened to me? There made of ben made of 551 00:30:07.640 --> 00:30:11.920 had he had assets? But the guy was able to 552 00:30:12.000 --> 00:30:14.519 write to the folks that had we drawn money and said, hey, 553 00:30:14.680 --> 00:30:18.119 we drew money, we're gonna clow it back. In this case, 554 00:30:18.359 --> 00:30:20.839 the guys that the CBX people don't have any assets. 555 00:30:20.839 --> 00:30:26.000 They are passed through I show here. Let me just 556 00:30:26.119 --> 00:30:30.319 ask him. I mean, what's going on, man, shadow? Because 557 00:30:30.359 --> 00:30:33.359 the money, what's happening? Why are you guys, Why are 558 00:30:33.359 --> 00:30:36.279 you guys doing this thing to us? You don't talk 559 00:30:36.279 --> 00:30:39.200 to us about this. What happened with CBS? What's going on? 560 00:30:39.559 --> 00:30:48.119 What you will watch out for? Problem? It's your people. 561 00:30:48.599 --> 00:30:50.480 They were selling crypto something. 562 00:30:50.920 --> 00:30:58.000 So you guys, senior man, you know that that was 563 00:30:58.000 --> 00:31:01.759 an outright sam you and we need both of you 564 00:31:01.799 --> 00:31:03.559 know that was an outry s challend. 565 00:31:03.720 --> 00:31:06.720 So but why was it going on for so long? 566 00:31:07.799 --> 00:31:11.400 And people are going in there? I mean usually I 567 00:31:11.440 --> 00:31:15.559 have I tell people if you see any offer, send 568 00:31:15.640 --> 00:31:18.799 it to me DM, I'll tell if it's fake, that's secret. 569 00:31:18.920 --> 00:31:20.720 Just offer. Just send it to me. And I still 570 00:31:20.720 --> 00:31:23.119 have that offer open roadding people send me. 571 00:31:25.599 --> 00:31:28.519 I think you need to bad patters of Nigia for example, 572 00:31:28.680 --> 00:31:31.440 Nageras want to travel abroad, if Najas want to invest 573 00:31:31.480 --> 00:31:33.000 it to very need to understand. 574 00:31:33.240 --> 00:31:35.880 That's why I said that we are problem. 575 00:31:36.119 --> 00:31:39.240 It's not just looking at Bigger American or the apagent 576 00:31:39.440 --> 00:31:41.960 to analyze that. No, it is localized problem. You need 577 00:31:41.960 --> 00:31:45.839 to understand the bigger patterns of Nigerians and why distance 578 00:31:45.839 --> 00:31:49.200 witionally bassist. You know, so for example, Nageras have quite 579 00:31:49.200 --> 00:31:50.079 sect comes. 580 00:31:49.960 --> 00:31:52.160 With money when it comes to traveling, when it comes 581 00:31:52.200 --> 00:31:52.680 to health. 582 00:31:52.799 --> 00:31:55.319 So they feel that okay, and you have to understand 583 00:31:55.480 --> 00:31:58.440 why it's like that. Not really a bad thing, but 584 00:31:58.920 --> 00:32:02.880 distance create gaps and we need to understand, okay, how 585 00:32:02.960 --> 00:32:03.920 we can minimize. 586 00:32:04.000 --> 00:32:06.200 That's why I said that. See rather than if you 587 00:32:06.240 --> 00:32:07.119 know you can open. 588 00:32:07.000 --> 00:32:09.319 Up to car for example, and you can people an 589 00:32:09.359 --> 00:32:11.960 investment bank has to requisite and speak to somebody that 590 00:32:12.000 --> 00:32:15.759 you know that okay, it's passing alongst you can old 591 00:32:15.920 --> 00:32:18.359 in case pings go wrong. You know, I need an 592 00:32:18.359 --> 00:32:21.400 old man in the room because often times, like you said, 593 00:32:21.680 --> 00:32:23.839 if you don't have told you about seabecks Definet, you 594 00:32:23.960 --> 00:32:26.400 have raised the reflect that oh this is this return 595 00:32:26.559 --> 00:32:29.279 is not just like I said. If you see what's 596 00:32:29.279 --> 00:32:32.680 a girl and see what is no fair government's assets, 597 00:32:33.279 --> 00:32:36.119 you see that kind of return, it's already red flag. 598 00:32:36.440 --> 00:32:39.119 And the fact that you also even see that. But 599 00:32:39.440 --> 00:32:41.319 you know, some people say, okay, well we're doing to 600 00:32:41.319 --> 00:32:43.960 see binance. We don't see, we don't see you. 601 00:32:43.920 --> 00:32:46.920 See there are so there are so much legitimation. 602 00:32:46.759 --> 00:32:49.359 Across those entries because you look at Balance for example, 603 00:32:49.359 --> 00:32:52.200 it is registered in many markets. Yes, I have to 604 00:32:52.240 --> 00:32:54.160 be bad issues, but they are registered. 605 00:32:54.440 --> 00:32:57.240 You can't pay points the entities around them, you know. 606 00:32:57.319 --> 00:32:59.839 But in the case of this, you know we can't 607 00:32:59.839 --> 00:33:02.480 do when you say who founded this? Look at the 608 00:33:02.519 --> 00:33:06.920 persons that were killed for a positive game in peace 609 00:33:06.960 --> 00:33:12.279 clai poses. You know the government was able to track 610 00:33:12.359 --> 00:33:13.880 because they used there for instance. 611 00:33:14.119 --> 00:33:16.279 It was so easy. Yeah, and it's going to be 612 00:33:16.319 --> 00:33:16.799 a bit. 613 00:33:16.680 --> 00:33:19.599 Harder for us because it was a bit of scuted. 614 00:33:20.079 --> 00:33:21.720 The EXE club was your plans. 615 00:33:22.039 --> 00:33:26.559 You took them going to the celestriture you started twenty four. 616 00:33:26.759 --> 00:33:32.880 There was this. This is from September. So please can yeah, please, 617 00:33:33.079 --> 00:33:35.839 I want you to explain to what's what had happened. 618 00:33:35.839 --> 00:33:40.240 If so we can sort of learn what happened. So 619 00:33:40.440 --> 00:33:41.319 thank you very much. 620 00:33:42.640 --> 00:33:44.960 I always love to come to your space and thank 621 00:33:45.000 --> 00:33:49.359 you for sharing your platform, your honorable platform within me 622 00:33:49.440 --> 00:33:50.039 all the time. 623 00:33:52.599 --> 00:33:54.119 A scam is a. 624 00:33:54.119 --> 00:33:58.039 Scam, and I don't want us to call it a 625 00:33:58.119 --> 00:34:00.279 cryptocurrency scam. 626 00:34:00.599 --> 00:34:05.400 I mean, I know it's not even a bit coin. 627 00:34:05.240 --> 00:34:10.480 Scam, but if you check properly, you realize that it 628 00:34:10.519 --> 00:34:18.599 is more of a fiat ed aboot scam. 629 00:34:18.639 --> 00:34:20.679 And I would like us to. 630 00:34:23.840 --> 00:34:29.559 Holistically look at the value of fiat currency scams versus 631 00:34:29.840 --> 00:34:32.559 Bitcoin slash cryptocurrency scams. 632 00:34:33.519 --> 00:34:38.519 Look, this thing happened, and I'm not even. 633 00:34:39.079 --> 00:34:44.599 Sad and I'm not happy, But because I believe people 634 00:34:44.599 --> 00:34:45.519 who fail for it. 635 00:34:46.079 --> 00:34:48.599 Do you think I think the point because was it 636 00:34:48.679 --> 00:34:51.280 was crypto? Do you think because I heard, do you 637 00:34:51.280 --> 00:34:53.920 think that's what? And that's what I'm saying. It's not. 638 00:34:54.280 --> 00:34:57.920 It's not over eight hundred billion, two three point two trillion. 639 00:34:58.639 --> 00:35:03.119 Another value is what happen with fiat currency scams compared 640 00:35:03.119 --> 00:35:05.960 to just about thirty five to forty billion in twenty 641 00:35:06.000 --> 00:35:08.760 twenty four when it comes to bigcoin and cryptocurrency. 642 00:35:08.840 --> 00:35:11.239 So it's not even compare how much how much did 643 00:35:11.280 --> 00:35:13.480 they lose? How much did they lose in this scheme? 644 00:35:13.599 --> 00:35:14.960 You know how much was lost in the scheme. You 645 00:35:15.039 --> 00:35:15.559 have a number. 646 00:35:16.840 --> 00:35:20.840 I mean that's so verifiable because there is the rumor 647 00:35:20.920 --> 00:35:26.280 of one point something trillion Nira twenty something trillion US dollars, 648 00:35:26.599 --> 00:35:31.280 big a million US dollars and nobody can verify. 649 00:35:31.480 --> 00:35:35.960 No one has their analytics of what the came from Nigeria. 650 00:35:35.559 --> 00:35:38.000 But where they're doing Nira or it was it because 651 00:35:38.199 --> 00:35:40.760 I saw one on TV saying she puts dollars in it. 652 00:35:40.800 --> 00:35:43.599 I don't even know anything about again, but until you 653 00:35:43.639 --> 00:35:44.760 became this scam. 654 00:35:44.559 --> 00:35:46.920 Now trying to figure out this is this is all 655 00:35:46.960 --> 00:35:48.880 your state, right, this is this was in all your state. 656 00:35:49.039 --> 00:35:52.400 So I'm not figured out the amount of disposable capital 657 00:35:52.440 --> 00:35:56.239 that you have a trillion that people were putting money 658 00:35:56.239 --> 00:35:58.880 from their bank and put it in this scheme. 659 00:35:59.119 --> 00:36:03.639 It just just acording good scene, like so what it 660 00:36:03.719 --> 00:36:07.760 went towards and it was it belonged to I think 661 00:36:08.599 --> 00:36:12.920 the popular creatures change because Richard the Richard the address 662 00:36:13.320 --> 00:36:16.400 I you know, like I said, it's very difficult for 663 00:36:16.440 --> 00:36:18.800 you to especially that it was one point. 664 00:36:19.119 --> 00:36:20.480 You know. That was why even when I. 665 00:36:20.519 --> 00:36:23.880 Wrote it alleged I took it down because I did 666 00:36:24.239 --> 00:36:25.360 the part I look at it that. 667 00:36:25.440 --> 00:36:32.920 It also came from other I mentioned care Yeah, yeah, 668 00:36:33.039 --> 00:36:39.079 we had markets. Again, there is an organized. 669 00:36:38.599 --> 00:36:43.239 There's a there's an organized sectors that scam sector. Now 670 00:36:43.360 --> 00:36:48.880 that's the eventual the eventual revenue from their scam is 671 00:36:49.119 --> 00:36:51.400 put together in a large wallets. 672 00:36:51.559 --> 00:36:55.639 You know, we traced some big coins to large one. 673 00:36:56.239 --> 00:36:59.760 Wow was crazy and I'm not like three four five 674 00:37:00.079 --> 00:37:03.000 going in the last four months that we've been tracing 675 00:37:03.039 --> 00:37:05.440 and we can see the transactions, but it's getting into 676 00:37:05.519 --> 00:37:08.400 a larger and larger pool and interpot with a lot 677 00:37:08.400 --> 00:37:10.079 of people have their eyes on it. 678 00:37:10.239 --> 00:37:14.960 But you know, overall, what I would like to, you. 679 00:37:14.920 --> 00:37:18.360 Know, really suggest here if we have got into that 680 00:37:18.840 --> 00:37:19.800 segment of the show. 681 00:37:19.920 --> 00:37:25.039 Yes, always it is knowledge matters. 682 00:37:25.199 --> 00:37:28.840 You know, you have to educate yourself, make sure you 683 00:37:28.840 --> 00:37:30.679 are not vulnerable to these camps. 684 00:37:30.719 --> 00:37:32.159 And it starts from your education. 685 00:37:32.519 --> 00:37:37.159 You know, all realistic returns exploits you. You know, because 686 00:37:37.159 --> 00:37:40.679 you will not be able to sit down and zoom 687 00:37:40.679 --> 00:37:44.159 out and understand the position you are. Once you have 688 00:37:44.280 --> 00:37:48.320 a technical ignorance to any pitch in front of anybody 689 00:37:48.360 --> 00:37:49.800 and you see the numbers, you will. 690 00:37:49.679 --> 00:37:51.440 Fall for it. You don't want to fall for that, 691 00:37:51.719 --> 00:37:54.639 so you want to learn the basics, especially this spetual asset. 692 00:37:54.679 --> 00:37:57.559 The time where I say twenty twenty five, I've been 693 00:37:57.639 --> 00:38:00.559 signed again, I'll use this opportunity to say big ups 694 00:38:00.559 --> 00:38:01.760 to doctor Timagamma. 695 00:38:01.800 --> 00:38:03.760 And it's secting. But guess what this is where the 696 00:38:03.760 --> 00:38:04.920 biggest frauds will happen. 697 00:38:05.280 --> 00:38:05.480 I have. 698 00:38:07.000 --> 00:38:11.559 Predicted that bad actors may also want to take advantage 699 00:38:11.599 --> 00:38:14.440 of this opportunity because people want to create coins and 700 00:38:14.559 --> 00:38:17.760 talking nice stuff, and we may have SBF, et cetera. 701 00:38:17.880 --> 00:38:23.039 That's why I like the onboarding kind of strict measures 702 00:38:23.440 --> 00:38:26.320 that SEC have put in place. I'm trying to post 703 00:38:26.360 --> 00:38:28.599 something in the nest because at me they mentioned it, 704 00:38:28.639 --> 00:38:30.840 but I can't post which states that you will go 705 00:38:30.880 --> 00:38:33.519 to jail for three years or pay ten million there 706 00:38:33.960 --> 00:38:37.320 if you're an influencer and you do not take you. 707 00:38:37.320 --> 00:38:39.599 Don't work with an approved. 708 00:38:41.199 --> 00:38:45.119 Organization, and you promote intentionally or on intentionally paid on 709 00:38:45.239 --> 00:38:52.360 pay ponzis or even on licensed exchange business. So if 710 00:38:52.400 --> 00:38:54.840 you really really want to succeed in this space, you 711 00:38:54.880 --> 00:38:57.440 have to pay attention to sex. So people really must 712 00:38:58.239 --> 00:39:01.119 also try to work with lines organizations. A lot of 713 00:39:01.199 --> 00:39:03.920 us are because our license, yes, but we filed. 714 00:39:03.960 --> 00:39:04.199 We know. 715 00:39:04.239 --> 00:39:08.559 We are working with the IRID program closely, and I 716 00:39:08.639 --> 00:39:09.960 love what the team is doing. 717 00:39:10.000 --> 00:39:12.239 It's it's not going to ondo. 718 00:39:12.480 --> 00:39:15.000 It's a little bit slow, but I think it's better 719 00:39:15.079 --> 00:39:16.760 to be slow than to get it from. 720 00:39:16.920 --> 00:39:20.360 All the aid. That's what paid forwards we have to. Yeah, 721 00:39:20.480 --> 00:39:22.360 I was gonna ask you that, I was gonna ask 722 00:39:22.400 --> 00:39:24.280 you give me one or two things I should if 723 00:39:24.280 --> 00:39:26.719 I'm a guy, I want I like this cryptosy and 724 00:39:26.719 --> 00:39:28.480 I want to invest what I want on two things 725 00:39:28.519 --> 00:39:33.079 I should just not do very well, thank you very much. 726 00:39:34.400 --> 00:39:36.519 The number one thing I would say is. 727 00:39:38.039 --> 00:39:42.599 There It's very hard because I also have a business, right, 728 00:39:42.760 --> 00:39:45.920 it's very very hard to say it's truth. You know 729 00:39:46.079 --> 00:39:48.320 now that there is I say twenty twenty five because 730 00:39:48.360 --> 00:39:50.719 there is a lot. So if I don't say this 731 00:39:51.000 --> 00:39:53.440 positionally does not about two, number three or number four, 732 00:39:53.559 --> 00:39:57.760 then I'm not giving another trait tad on filter education. 733 00:39:58.159 --> 00:40:00.840 So saying the first one will be out avoid the 734 00:40:01.000 --> 00:40:01.400 use of. 735 00:40:03.079 --> 00:40:05.239 Platforms that are not repeatable, and I will tie that 736 00:40:05.440 --> 00:40:10.400 around unregulated platforms and and and even the people that 737 00:40:10.440 --> 00:40:14.559 you know, your family members, you know, to try to 738 00:40:14.599 --> 00:40:17.800 push them to regularize this. This is the truth I 739 00:40:17.840 --> 00:40:20.199 tell people, you know, which is why I'm always coming 740 00:40:20.239 --> 00:40:21.400 out when you. 741 00:40:21.079 --> 00:40:23.280 Give a platform for especial like this is like jump on, 742 00:40:23.320 --> 00:40:25.719 it's locally And that's one. That's one. 743 00:40:25.840 --> 00:40:31.000 Y second one is you must you must learn learn 744 00:40:31.159 --> 00:40:34.679 to very five transactions and secure your assets I'll tell 745 00:40:34.760 --> 00:40:39.079 you how. The reason for a bitcoin that better blood 746 00:40:39.119 --> 00:40:41.679 chain is for you to be able. 747 00:40:41.480 --> 00:40:45.239 To own and store your money. Everybody must learn how 748 00:40:45.239 --> 00:40:48.800 to use hardwares. You know how to understand sea phrase 749 00:40:48.960 --> 00:40:52.159 protecting your seat fras family their family that with twenty 750 00:40:52.199 --> 00:40:56.840 four words twelve words understand two facts of authentication, avoid 751 00:40:56.920 --> 00:41:02.199 public wi FI. Those are basic fishing platfalls that you 752 00:41:02.280 --> 00:41:04.920 can fall for. You know, give it with scams, stay 753 00:41:04.920 --> 00:41:06.920 away from me. It's all those give it with scams 754 00:41:08.360 --> 00:41:10.320 scams already have passed, so. 755 00:41:13.480 --> 00:41:16.559 Very very important red flags you must run it away from. 756 00:41:16.639 --> 00:41:21.320 Or realistic returns, pumps and dumps of fake icos, those 757 00:41:21.360 --> 00:41:25.239 are very vital example, then very fine your transaction is 758 00:41:25.280 --> 00:41:27.199 also very very important to want to fun ow to 759 00:41:27.280 --> 00:41:31.639 double check addresses. Some of these addresses are now compromised. 760 00:41:31.920 --> 00:41:36.000 So these are levels to uh you not falling for 761 00:41:36.079 --> 00:41:39.119 these scams. And I would not like try as much 762 00:41:39.119 --> 00:41:42.960 as possible, even if the platform you're dealing with does 763 00:41:43.000 --> 00:41:45.719 not have a set lincense. But you are very sure 764 00:41:45.760 --> 00:41:52.320 you're right, check your compliance, check how your compliance operate. 765 00:41:55.119 --> 00:41:57.679 You know when you are signed up into a platform 766 00:41:57.719 --> 00:41:59.159 and it is no KYC. 767 00:41:59.280 --> 00:42:00.679 It's a little bit crazy. 768 00:42:00.679 --> 00:42:04.400 I'm a bigcoinner and I promote non custo your experience. 769 00:42:04.519 --> 00:42:07.039 Right, you have to also tell you what is happening 770 00:42:07.119 --> 00:42:10.320 is very very last question for you, sir, is there 771 00:42:10.360 --> 00:42:13.639 any I seen billboards? Crypto is legal? Is there a 772 00:42:13.760 --> 00:42:17.320 legal Nigerian own trading platform Nigeria today. 773 00:42:19.119 --> 00:42:23.480 That then they say them rocal no mind now markets 774 00:42:23.519 --> 00:42:26.039 and and it's true, it's actually correct what they said, 775 00:42:26.280 --> 00:42:28.360 because the President have signed a lot and the pastor 776 00:42:28.440 --> 00:42:32.039 the national semi first readion second reading. It was wonderful 777 00:42:32.039 --> 00:42:35.320 to made oppontimity that quietly without any controversy around it. 778 00:42:35.400 --> 00:42:37.159 I mean, even though we know the CBN are not 779 00:42:37.360 --> 00:42:38.000 very I. 780 00:42:37.960 --> 00:42:38.760 Mean CBN is. 781 00:42:40.239 --> 00:42:42.880 They really tried, but you know they should completely give 782 00:42:42.920 --> 00:42:47.400 that free hand. Let the interpret pability be simple and seamless. 783 00:42:47.920 --> 00:42:49.880 So crypto crypto is legal? 784 00:42:50.119 --> 00:42:53.519 Question your question, let me. I just wanted to give 785 00:42:53.519 --> 00:42:56.719 that background. The truth is there is busher, there is 786 00:42:56.800 --> 00:42:59.559 quid acts. Those are people who already have a I 787 00:42:59.599 --> 00:43:02.320 PM by in principle, they don't have the full lincense yet, 788 00:43:02.639 --> 00:43:04.719 but they are there already so and I think they're 789 00:43:04.760 --> 00:43:06.960 representing well, I don't know about the array portage. 790 00:43:07.039 --> 00:43:08.760 I don't know if they are complying, But I. 791 00:43:08.800 --> 00:43:12.199 Believe that SEC did a good job by you know, 792 00:43:12.440 --> 00:43:15.440 using them as the foundation. 793 00:43:15.159 --> 00:43:17.440 To learn how the space is. 794 00:43:17.559 --> 00:43:19.960 But I think that I think that doctor Timmy would 795 00:43:19.960 --> 00:43:23.280 like to onboard more people, maybe five, ten, fifteen, more 796 00:43:23.639 --> 00:43:28.719 smart founders and products builders, so that it can you know, 797 00:43:28.760 --> 00:43:31.239 widen the scope. Plus the pace they've learned from push 798 00:43:31.400 --> 00:43:35.199 and quizics, they can also implement and guiding the next space. 799 00:43:35.280 --> 00:43:37.599 This is the next financial space. Its guse well, let 800 00:43:37.639 --> 00:43:38.159 me predict this. 801 00:43:38.320 --> 00:43:40.880 All the banks, all the banks and the Federary Public 802 00:43:40.880 --> 00:43:44.920 of Nigeria will sell bitcoint in front in banking, they 803 00:43:44.960 --> 00:43:47.280 will sell bitcoin on their apps, they will sell the 804 00:43:47.360 --> 00:43:51.840 atapability between SEC and CBN's going to be it's going 805 00:43:51.920 --> 00:43:54.760 to be very, very beautiful. If what's dotor Timmy, I 806 00:43:54.840 --> 00:43:58.559 think is planning. If you look at all the moves 807 00:43:58.559 --> 00:44:01.280 that it's making them, it's going to beautiful. Except they 808 00:44:01.280 --> 00:44:02.800 allowed politics make it spoiler. 809 00:44:03.119 --> 00:44:07.840 Okay, good answer, thank you. Let's okay, go ahead to 810 00:44:07.880 --> 00:44:09.360 add a few things to whatever said. 811 00:44:09.400 --> 00:44:13.000 So, yeah, look, I wanted us to look at also 812 00:44:13.679 --> 00:44:19.000 why markets sent to suffer. So if you look at Trump, 813 00:44:19.119 --> 00:44:23.119 for example, when Trump created is stoken for example, look. 814 00:44:23.000 --> 00:44:24.639 At number of nas are invested in it. 815 00:44:25.360 --> 00:44:27.760 Now look at come through the stock market for example, 816 00:44:27.800 --> 00:44:30.119 look at you see. The truth of the matter is 817 00:44:30.159 --> 00:44:33.199 that we also need to look at this, not from 818 00:44:33.239 --> 00:44:37.960 the academic or the professional star. We need to look 819 00:44:38.000 --> 00:44:40.320 at because I think we need to invest more with 820 00:44:40.920 --> 00:44:45.039 against culture and emotions will tell you that, oh well, 821 00:44:45.239 --> 00:44:52.159 mini coin thse three x four x, so naturally the 822 00:44:52.199 --> 00:44:55.519 stock market is less attractive. And if you look at 823 00:44:55.840 --> 00:45:00.400 the minispiece, they are good coins, but they are many 824 00:45:00.480 --> 00:45:04.880 terrible coins that we call rock that you just invested. 825 00:45:04.960 --> 00:45:06.639 And just like you're back to the village. 826 00:45:07.519 --> 00:45:10.920 So it takes us back to the next conversation. 827 00:45:11.119 --> 00:45:14.400 Can is he going to stop? The answer is no. 828 00:45:14.840 --> 00:45:16.960 The fire governments are located beyond. 829 00:45:16.960 --> 00:45:21.679 Are going to the sect for financial lituracy. Now the 830 00:45:21.760 --> 00:45:24.920 question is why why did you go to work? My 831 00:45:25.000 --> 00:45:26.519 answer is that when I listen to. 832 00:45:26.440 --> 00:45:29.039 What the section said, I was a bit disappointed. Now 833 00:45:29.239 --> 00:45:30.639 I'll tell you why. 834 00:45:30.440 --> 00:45:33.280 I I am not in America. 835 00:45:33.920 --> 00:45:34.199 You know. 836 00:45:34.760 --> 00:45:39.840 I put I tell you the SEC American workshop and 837 00:45:40.440 --> 00:45:45.000 many times on cob holes, on spaces, you know, and 838 00:45:45.400 --> 00:45:48.159 on meetings, and this is how they do it. 839 00:45:48.400 --> 00:45:49.719 You see if you look at the. 840 00:45:49.719 --> 00:45:52.679 Sex if you look at sex US for example, they 841 00:45:52.679 --> 00:45:53.599 have set US. 842 00:45:53.639 --> 00:45:54.760 They have set education. 843 00:45:55.239 --> 00:45:58.559 Now, if you go to second education for example, they 844 00:45:58.559 --> 00:46:00.679 will tell you, okay, you want to US and distance. 845 00:46:00.760 --> 00:46:02.880 They'll give you all the things you should watch out for. 846 00:46:03.360 --> 00:46:05.559 And if you see that you're confused, reach out to 847 00:46:05.639 --> 00:46:08.960 this number which are so I then are now democratized. 848 00:46:09.159 --> 00:46:11.239 Knowledge is not their community. So you don't need to 849 00:46:11.280 --> 00:46:14.800 be an American to understand the US dock market or 850 00:46:15.360 --> 00:46:20.119 and they accessible you know, he had certain sequences. They 851 00:46:20.119 --> 00:46:23.480 come on space, they come on globals, They do enlightenment 852 00:46:23.519 --> 00:46:26.880 program poscually on products like when we are going back 853 00:46:26.880 --> 00:46:30.360 and forth like secur this and that, we understood the 854 00:46:30.360 --> 00:46:34.159 professional and that helps knowledge. Now if you haven't ten 855 00:46:34.239 --> 00:46:37.559 billion now, for me, I think it's enough because for example, 856 00:46:38.039 --> 00:46:42.079 for example, set cado case okay, okay, once in quarter, Okay, 857 00:46:42.079 --> 00:46:42.679 we'll come okay. 858 00:46:42.679 --> 00:46:44.320 Maybe let's use cargo space for. 859 00:46:44.280 --> 00:46:49.440 Example, to propagate Okay, investment education. 860 00:46:49.960 --> 00:46:52.079 Let's look at how we could. 861 00:46:51.960 --> 00:46:55.159 Use school's financial influence investment banks. 862 00:46:55.320 --> 00:46:58.519 Because saying that they want to big physicis in theselves. 863 00:46:58.519 --> 00:47:01.039 It was to me, it's a wisdom because First of all, 864 00:47:01.400 --> 00:47:05.159 I said, Nigeria, it goes when they were I've really 865 00:47:05.199 --> 00:47:08.440 been there, and I think that that amount of money 866 00:47:08.480 --> 00:47:12.159 to build infrastructure will not so they need. 867 00:47:12.000 --> 00:47:14.239 To look at things we'll just carry I think seconds. 868 00:47:14.239 --> 00:47:16.559 Who needs yeah, let me let me, let me protrasse 869 00:47:16.639 --> 00:47:18.920 your points on limited very. 870 00:47:20.880 --> 00:47:24.280 Let yeah. I want to get us like. 871 00:47:24.320 --> 00:47:29.280 Fifteen seconds to say it's true about Unfortunately. 872 00:47:29.599 --> 00:47:32.239 Maybe that's not how they are thinking. They have a 873 00:47:32.400 --> 00:47:36.880 sec TV or digital TV program that it just launched. 874 00:47:37.199 --> 00:47:39.239 I've sent it on LinkedIn a couple of times. I'm 875 00:47:39.320 --> 00:47:43.719 just hoping that they can spread that across spaces. For example, Calu, 876 00:47:43.760 --> 00:47:46.880 I justul be called and partnered with many of us 877 00:47:47.000 --> 00:47:50.800 who What I try to do is intentionally goes directly 878 00:47:50.920 --> 00:47:54.400 to the top man, get information and disseminates that information, 879 00:47:54.599 --> 00:47:57.239 you know, bringing to places where people. 880 00:47:57.000 --> 00:47:58.000 Can hear from him. 881 00:47:58.039 --> 00:48:00.280 The last time we had it one of one with 882 00:48:00.440 --> 00:48:04.039 him was about I think about seven days ago, about 883 00:48:04.079 --> 00:48:06.000 five hundred of us and it was very interesting. 884 00:48:06.079 --> 00:48:09.920 He took questions and answered. Mister Babaton the or Brema. 885 00:48:09.800 --> 00:48:13.960 The CEO of Intech Nigeria and his team organized a 886 00:48:14.079 --> 00:48:16.880 virtual assets session with the DG and it took questions. 887 00:48:16.960 --> 00:48:19.480 He told us why some lincenses have not been issued, 888 00:48:20.159 --> 00:48:23.280 why we would be issuing license pers on, what you. 889 00:48:23.320 --> 00:48:24.960 Should do, YadA YadA. 890 00:48:25.199 --> 00:48:28.480 So I think that I'm not campaigning for sake, but 891 00:48:29.039 --> 00:48:32.199 I just hope that the time will be enough for 892 00:48:32.280 --> 00:48:35.280 doctor team to be able to implement move fast, create 893 00:48:35.400 --> 00:48:40.000 new millionnaires positively without people being cheated, mitigating all that 894 00:48:40.159 --> 00:48:45.519 BASK creates new companies that can employ people, help line 895 00:48:45.559 --> 00:48:49.719 GVR generate. That's revenue for real, because you know CI 896 00:48:49.840 --> 00:48:52.480 T and the other seven point five that they want 897 00:48:52.519 --> 00:48:58.159 to be collecting when business flourishes for real with international partnerships, 898 00:48:58.199 --> 00:49:00.519 for example, I love the fact that if you want 899 00:49:00.519 --> 00:49:02.079 to come as set up here, you must have the 900 00:49:02.159 --> 00:49:04.360 physical office employee. 901 00:49:03.920 --> 00:49:07.480 Nigerian, having Nigerian CEO. That's very beautiful. So a coin 902 00:49:07.519 --> 00:49:10.119 based bind us cannot come here and compete. 903 00:49:09.719 --> 00:49:15.000 Without hiring a lookal person and that's local content human 904 00:49:15.079 --> 00:49:19.880 capacity development. So overall, if it is implemented well without 905 00:49:20.000 --> 00:49:24.559 them publicing too much which will stifle innovation and let 906 00:49:24.960 --> 00:49:28.679 you know, people show them how, it will also works 907 00:49:28.840 --> 00:49:34.760 energizing intentionally sincerely without favoritism. Weren't avoiding politics and there's 908 00:49:34.800 --> 00:49:36.280 something I would have loved to post to the list, 909 00:49:36.320 --> 00:49:38.119 but I don't know what to mister Calu. Do you know, 910 00:49:38.280 --> 00:49:42.360 it's basically what SECT should responsibly do, and I think 911 00:49:42.400 --> 00:49:44.880 we're doing it. I put these place in the presence 912 00:49:44.960 --> 00:49:47.199 of doctor Timia all the time, and it's listening can 913 00:49:47.360 --> 00:49:48.000 time with him. 914 00:49:48.440 --> 00:49:51.760 So let's let's hope that it works well. 915 00:49:52.039 --> 00:49:55.440 But in another one and the year two years, you know, 916 00:49:55.480 --> 00:49:57.840 we go begin to see as when they blow go 917 00:49:58.039 --> 00:49:59.599 know whether you know for ours go. 918 00:49:59.719 --> 00:50:02.840 Open or not? All right, perfect, guys, I mean talk 919 00:50:02.960 --> 00:50:07.760 back to this issue of education on employment, young folks 920 00:50:07.800 --> 00:50:12.760 with phones that don't Google to verify investment options, the 921 00:50:13.000 --> 00:50:16.599 fear of missing out. These are always driving this whole 922 00:50:17.079 --> 00:50:19.719 you know, clear posy schemes. Let me let me get stand. 923 00:50:20.360 --> 00:50:23.039 Stand you've been here for a while, Stand alright, Yes, 924 00:50:23.480 --> 00:50:26.199 what we're talking about? What's your take? What's going on? 925 00:50:27.719 --> 00:50:33.760 Yeah, Carlo golivn In, believing everyone on the speaker's train 926 00:50:34.199 --> 00:50:39.480 and listeners also would shout us world versions. Yeah, I 927 00:50:39.639 --> 00:50:42.159 just wanted to chip in one or two things. And 928 00:50:42.719 --> 00:50:46.360 before I go, I want to answer the question Carlo asks, 929 00:50:47.119 --> 00:50:50.639 what should be be very about when going into the 930 00:50:50.719 --> 00:50:54.440 crypto space or whatever. And I'll answer that question by 931 00:50:54.519 --> 00:50:58.800 saying the worthy of counterparties. And anyone who knows me 932 00:50:58.960 --> 00:51:04.079 very well knows that whenever I talk about crypto or bitcoin, 933 00:51:04.239 --> 00:51:06.480 I try to differentiate this too. 934 00:51:06.679 --> 00:51:09.239 Right, with bitcoin itself, once. 935 00:51:09.079 --> 00:51:12.599 You have your seat phrase, you have avoided everything that 936 00:51:12.679 --> 00:51:15.760 has to do with counterpartteris. But then when you come 937 00:51:15.800 --> 00:51:19.760 to the crypto space, you are still you still work 938 00:51:19.800 --> 00:51:20.719 with intermiliaries. 939 00:51:20.760 --> 00:51:22.599 And when you work with intermiliaries, they're. 940 00:51:22.400 --> 00:51:25.920 Always room for their dis are counterparties, and they're always 941 00:51:26.000 --> 00:51:31.320 room for you can call it failures, calm, whatever, because 942 00:51:31.679 --> 00:51:33.719 something doesn't have to be it's calm for you to 943 00:51:33.840 --> 00:51:36.840 lose money, right, there are some things you also lose 944 00:51:36.920 --> 00:51:39.760 money on. About the essence of people trying to invest 945 00:51:39.800 --> 00:51:41.239 is just because they want to have performed. 946 00:51:41.239 --> 00:51:42.480 They want to make some money. Right. 947 00:51:43.280 --> 00:51:45.880 And the next question you ask is is crypto legal? 948 00:51:46.920 --> 00:51:49.280 And I don't want to like to use that word 949 00:51:49.400 --> 00:51:52.320 crypto because most times when we say crypto, it does 950 00:51:52.800 --> 00:51:53.679 bordire getting. 951 00:51:53.480 --> 00:51:54.320 Into one basket. 952 00:51:54.880 --> 00:51:58.920 And so I usually differentiate crypto from bitcoin, right because 953 00:51:58.960 --> 00:52:02.519 bitcoin does not have any counterparties. And this is actually 954 00:52:02.599 --> 00:52:05.360 what you need to protect yourself from any form of 955 00:52:05.440 --> 00:52:08.760 scam or rock poo. But then you know when we 956 00:52:09.079 --> 00:52:14.199 when we try to differentiate crypto or Ponzi skin some people. 957 00:52:14.480 --> 00:52:17.320 I just want to mix people. I want to differentiate. 958 00:52:17.360 --> 00:52:21.000 This stutent with crypto is just you're working with the 959 00:52:21.119 --> 00:52:25.599 protocol and this protocol is just it too, right now, 960 00:52:25.719 --> 00:52:29.039 It's just the example is let's say, mister Carlo, you 961 00:52:29.119 --> 00:52:29.760 owe the knife. 962 00:52:30.480 --> 00:52:31.599 That knife is just it too. 963 00:52:31.719 --> 00:52:33.760 You can decide to use the knife to stab someone, 964 00:52:34.280 --> 00:52:36.440 or you can decide to use their knife to cut onions. 965 00:52:37.039 --> 00:52:39.440 Now that you use the knife to stab someone does 966 00:52:39.519 --> 00:52:43.440 not mean that that knife is a bad instrument, right, 967 00:52:43.599 --> 00:52:45.519 It is the intention of the person that used it. 968 00:52:46.239 --> 00:52:50.840 So crypto in terms of the protocol, they are designed 969 00:52:50.920 --> 00:52:54.440 in the way where you can use it for many things, right, 970 00:52:55.159 --> 00:52:59.079 And then it depends on the mindset or it depends 971 00:52:59.159 --> 00:52:59.480 on the. 972 00:53:01.000 --> 00:53:02.880 Yeah, well hold on, hold, hold on, hold, I don't know. 973 00:53:02.920 --> 00:53:10.079 It's not a crypto space, right, So yeah, just about no, no, no, no, 974 00:53:10.320 --> 00:53:14.320 I'm just it just makes it simple because when what 975 00:53:14.480 --> 00:53:16.199 did they do wrong? Like if there were many guys 976 00:53:16.239 --> 00:53:17.960 that I saw on the video and NT that were 977 00:53:18.079 --> 00:53:20.159 crime because it was an investment. I just want to 978 00:53:20.199 --> 00:53:25.280 know for those guys, what did they do wrong? We 979 00:53:25.440 --> 00:53:27.199 know that, but like what they did, what should they 980 00:53:27.239 --> 00:53:29.719 have picked up on? How should I have invested at 981 00:53:29.760 --> 00:53:31.800 the tips? I want to so folks can say, okay, 982 00:53:31.920 --> 00:53:34.920 next time, okay, when when somebody is promising you on 983 00:53:36.840 --> 00:53:40.679 we know that is any like technical crypto things you 984 00:53:40.679 --> 00:53:42.119 should have looked at? It is because I know the 985 00:53:42.199 --> 00:53:44.679 investment side, But is anything you guys know that this 986 00:53:44.840 --> 00:53:47.199 is fake? Is anything you can say on the crypto 987 00:53:47.320 --> 00:53:48.800 side text side us? 988 00:53:49.000 --> 00:53:51.480 What bets did was to use crypto as it to 989 00:53:52.000 --> 00:53:54.400 to run azy skin. This is what I was trying 990 00:53:54.400 --> 00:53:58.320 to differentiate crypto and ponzy. They used crypto as it 991 00:53:58.400 --> 00:54:01.159 too to perpetuate it skin the same way you can 992 00:54:01.320 --> 00:54:03.840 use fat as a tool to perpetuate the pos skin. 993 00:54:04.159 --> 00:54:07.639 So it's not about the crypto, it's about the It's 994 00:54:07.679 --> 00:54:10.360 about what's the perpetuation of the same. 995 00:54:10.400 --> 00:54:15.239 If anything can be useful, that's fine. I know you're right. 996 00:54:15.320 --> 00:54:16.360 I hear you go ahead. 997 00:54:19.280 --> 00:54:28.039 I can't hear you're breaking Okay, let me quickly tap 998 00:54:28.119 --> 00:54:31.400 in force Stan. I think Stan, you have a bad network. 999 00:54:31.840 --> 00:54:36.000 But the things where they talk but and mister cal 1000 00:54:36.199 --> 00:54:39.079 is agreeing with you, but maybe you're not. You're getting 1001 00:54:39.119 --> 00:54:42.440 a feedback that it's not straightforward. But you know, I 1002 00:54:42.559 --> 00:54:45.960 think you should just stay skeptical. If you can't hear me, right, 1003 00:54:46.119 --> 00:54:48.280 stay skeptical. Can you hear me? 1004 00:54:49.119 --> 00:54:56.239 Yes? I can? I hear you? Stay paranoid? Pid survive? Okay, 1005 00:54:56.719 --> 00:54:59.800 no worries. Let me get Google, Google? Google? How are 1006 00:54:59.800 --> 00:55:01.480 you doing? And you've been listening in here? What's your 1007 00:55:01.480 --> 00:55:06.159 take goals happening? Did you invest in seabecks? Yeah, I'm good, 1008 00:55:06.320 --> 00:55:08.559 I'm good, I'm good. Did you hear me? Yes? I can. 1009 00:55:08.639 --> 00:55:09.840 Did you invest in seabecks? 1010 00:55:10.960 --> 00:55:11.000 No? 1011 00:55:11.119 --> 00:55:14.800 No, no, no no. So my friend invested in seabags. 1012 00:55:14.880 --> 00:55:16.760 So how much did he lose? 1013 00:55:18.400 --> 00:55:22.159 He invested like this, one hundred dollars? Because I would 1014 00:55:22.280 --> 00:55:25.119 just give like a backstory to how everything happened. Right, 1015 00:55:25.840 --> 00:55:27.920 So me, I've been I've been in the crypto space 1016 00:55:28.039 --> 00:55:31.480 since twenty twenty one. We get and I'm like that 1017 00:55:32.000 --> 00:55:34.559 that I've tought some people, right, But like, how may 1018 00:55:34.599 --> 00:55:36.599 I always teach people? Is that I always teach them 1019 00:55:36.639 --> 00:55:39.800 what not to do and them, like I always do 1020 00:55:39.960 --> 00:55:41.119 not tell them what I'm. 1021 00:55:41.039 --> 00:55:43.719 Investing, because what they're invested is the plug disiness? Right? 1022 00:55:43.840 --> 00:55:46.480 So when he comes to me, right and he tells 1023 00:55:46.559 --> 00:55:50.440 me that his sister is telling him about one something 1024 00:55:50.480 --> 00:55:53.199 that is crypto related, that one hundred percent report, and 1025 00:55:53.280 --> 00:55:57.280 I'm like, bra, you lose your money then it's not possible, right, 1026 00:55:58.079 --> 00:56:00.920 And I'm like, you know, said said He said him 1027 00:56:01.079 --> 00:56:02.239 like that that then. 1028 00:56:02.280 --> 00:56:04.719 He will think about this. I said, bro, like, do 1029 00:56:04.880 --> 00:56:06.559 not do it. You would lose your money. He now 1030 00:56:06.639 --> 00:56:06.920 said his. 1031 00:56:07.000 --> 00:56:10.480 Sister has made money. I said, look at the news, 1032 00:56:10.559 --> 00:56:13.599 guy like Trump is giving me everybody and keep the 1033 00:56:13.679 --> 00:56:18.280 sleepless nice like where like the people that are paying 1034 00:56:18.360 --> 00:56:20.199 these guys the money where they' getting the money from? 1035 00:56:20.280 --> 00:56:23.760 Because I do know that there's no AI bot that 1036 00:56:24.039 --> 00:56:25.079 is able to predict me. 1037 00:56:25.320 --> 00:56:28.000 Maybe and like when Trump wants to destroy the market, 1038 00:56:28.119 --> 00:56:30.679 that he will tell it, tell that it would know 1039 00:56:30.760 --> 00:56:33.280 that it has to shot. It's not possible, except if 1040 00:56:33.360 --> 00:56:36.039 maybe that it's from the future. But he did not listen. 1041 00:56:36.159 --> 00:56:38.559 So and like one week click back, he said he's 1042 00:56:38.599 --> 00:56:40.599 going to send his sister money. I said, oh, okay, no, 1043 00:56:41.280 --> 00:56:43.679 but it's a crush. Do you understand, And this is 1044 00:56:44.119 --> 00:56:47.599 somebody that is well educated, do you understand? He went 1045 00:56:47.800 --> 00:56:51.559 to school to understand his intelligence. But I'm telling him 1046 00:56:51.920 --> 00:56:54.920 based on everything that I know, and he still went 1047 00:56:55.360 --> 00:56:56.920 because I mean, at theal of the day, most people 1048 00:56:56.920 --> 00:56:57.719 would listen to their. 1049 00:56:58.320 --> 00:57:01.920 Does he have a job? Does this guy have a job? Yes, 1050 00:57:02.440 --> 00:57:05.280 yes he has? Is he likes is it like a starter? 1051 00:57:05.800 --> 00:57:08.440 Middle management? Do you know how much it ends? Like 1052 00:57:08.920 --> 00:57:11.760 round figures? I just want to get to prove demographic 1053 00:57:11.840 --> 00:57:15.760 of this guy. I would say that he's in tect 1054 00:57:16.800 --> 00:57:20.400 He's like, yes, do you understand? Can be very toughful? 1055 00:57:20.480 --> 00:57:26.119 So if he didn't find I would say that, Okay. Like, 1056 00:57:26.320 --> 00:57:27.400 one thing that I've come. 1057 00:57:27.320 --> 00:57:32.400 To realize is that people would always listen to their 1058 00:57:32.480 --> 00:57:33.280 family members. 1059 00:57:33.800 --> 00:57:36.920 That's one thing that I agree with you. I agree 1060 00:57:36.920 --> 00:57:41.000 with you no matter how you feel that you know 1061 00:57:41.159 --> 00:57:42.519 something is bad. 1062 00:57:42.559 --> 00:57:44.559 Okay, stay away from this because okay, like okay, So 1063 00:57:44.679 --> 00:57:46.880 I wouldn't give it backstory. So I'm like, I am 1064 00:57:47.079 --> 00:57:49.320 have a friend that like good Michi and like wanted 1065 00:57:49.400 --> 00:57:50.920 to use Patricia. 1066 00:57:50.840 --> 00:57:53.039 Right back then when they were doing the pig stuff. 1067 00:57:53.079 --> 00:57:53.760 And I laughed and I. 1068 00:57:53.800 --> 00:57:56.239 Said, do not put your money there that if he 1069 00:57:56.320 --> 00:57:59.199 wants to use use an exchange in cryptical, just use 1070 00:57:59.280 --> 00:58:01.239 one that has to go back. 1071 00:58:01.360 --> 00:58:03.320 You get that money there. 1072 00:58:03.199 --> 00:58:05.920 Because as I said, oh okay, that's why are there. 1073 00:58:05.920 --> 00:58:06.840 It was extremely good. 1074 00:58:06.880 --> 00:58:10.360 It doesn't make sense because I think it would crash 1075 00:58:10.840 --> 00:58:12.159 and Patricia crashed. 1076 00:58:12.280 --> 00:58:14.159 Do you understand, and her money was saved. 1077 00:58:14.199 --> 00:58:18.480 Like I would say that, there's some things that are just. 1078 00:58:20.920 --> 00:58:25.199 Like I said, I hear you, bro when I said 1079 00:58:25.239 --> 00:58:28.239 I said that the power of posi schemes that it 1080 00:58:28.280 --> 00:58:31.880 is word of mouth. People tell you it's working, and 1081 00:58:32.039 --> 00:58:35.519 really you put money in there, it works, So it's 1082 00:58:35.679 --> 00:58:37.239 very power. That's the point of me about listening to 1083 00:58:37.320 --> 00:58:39.920 their family. It works because that's why you have to 1084 00:58:40.000 --> 00:58:43.679 cross check influences. Yeah, but you know, but you know 1085 00:58:43.920 --> 00:58:47.000 when you guys say influences. If you're in the US, 1086 00:58:47.679 --> 00:58:53.920 Kim Kardashian was fine because she did an endorsement. But 1087 00:58:54.000 --> 00:58:57.480 they are finding influencers because they're not paying taxes. They're 1088 00:58:57.519 --> 00:58:59.840 not going after them really because they are influencing their 1089 00:59:00.119 --> 00:59:03.599 saying listen, you influenced, you made money, didn't pay us taxes. 1090 00:59:04.280 --> 00:59:06.239 It's difficult to say, Okay, if I wear a T 1091 00:59:06.360 --> 00:59:09.199 shirt that has bitcoined, that might influence it for bitcoin? 1092 00:59:10.639 --> 00:59:14.320 Can you can you say that influencers are Loo good 1093 00:59:14.440 --> 00:59:17.880 chance for people because a written stories on that is 1094 00:59:18.079 --> 00:59:19.159 crypto and infinancial. 1095 00:59:19.440 --> 00:59:21.519 Because the law there. 1096 00:59:21.480 --> 00:59:24.960 Are certain requirements, for example, relates. 1097 00:59:25.960 --> 00:59:28.280 I can't remember the name. You know what I'm saying that, 1098 00:59:28.599 --> 00:59:31.400 it's difficult to say. Somebody is influencing. Kim Cadashian is 1099 00:59:31.559 --> 00:59:35.519 eating chocolate or ice cream with fifty fifteens and he says, 1100 00:59:35.679 --> 00:59:38.119 I only pay with my with my crypto wallet. Is 1101 00:59:38.159 --> 00:59:40.840 she influenced? For example? What this? 1102 00:59:40.960 --> 00:59:41.000 Is? 1103 00:59:41.159 --> 00:59:42.960 This? What we are talking about? 1104 00:59:43.039 --> 00:59:48.400 So for example, you initiate or you recommend a project 1105 00:59:48.599 --> 00:59:51.599 like the Rock I don't want to give names. There 1106 00:59:51.639 --> 00:59:55.239 are influences that initiate the rockboot projects for example investment. 1107 00:59:55.920 --> 00:59:57.679 What is talking about understood? 1108 00:59:58.719 --> 01:00:00.519 Yeah, if you cant the great player, I know what 1109 01:00:00.599 --> 01:00:02.519 you're trying to say there someday it's a big complex 1110 01:00:02.800 --> 01:00:07.440 for example, maybe stopping the pack for example, talking about. 1111 01:00:07.360 --> 01:00:09.280 Yeah, it's the people technical, but they're talking about out 1112 01:00:09.320 --> 01:00:16.199 fries like going by amazing point, no point, let's get 1113 01:00:16.360 --> 01:00:17.880 is it cheap? Is it? How you doing? 1114 01:00:19.119 --> 01:00:22.639 I'm good, cal calor thank you for having me envelop 1115 01:00:22.639 --> 01:00:23.440 person on the space. 1116 01:00:23.800 --> 01:00:26.320 I say my regards, Hello, I have a question for you. 1117 01:00:26.400 --> 01:00:28.519 Are not lumida. But before then I want to ask, 1118 01:00:30.320 --> 01:00:36.760 but you're a very good friend. Question, But before then, 1119 01:00:36.800 --> 01:00:37.599 I want to say this. 1120 01:00:38.199 --> 01:00:43.119 In my thinking, a sense of government in finance is 1121 01:00:43.199 --> 01:00:44.679 to protect the people. 1122 01:00:44.480 --> 01:00:46.840 That when we have to sec and the rest. 1123 01:00:47.360 --> 01:00:52.000 Right, But the guys in the crypto and it's I'm 1124 01:00:52.039 --> 01:00:55.199 happy that you're here today, right, you guys come up 1125 01:00:55.320 --> 01:00:57.679 and you talk about the beauty of the. 1126 01:00:57.760 --> 01:01:01.920 Central lised finance. All the book cannot control you, you know, 1127 01:01:02.079 --> 01:01:05.519 like they control you on feat and all that. And 1128 01:01:05.639 --> 01:01:06.639 I look at it and I. 1129 01:01:06.719 --> 01:01:09.639 Wonder, and I always tell my friends, please be careful, 1130 01:01:09.679 --> 01:01:11.000 don't go into this, right. 1131 01:01:12.559 --> 01:01:14.719 I heard you saying, I can pronounce you on a 1132 01:01:14.880 --> 01:01:19.599 very well or it. Yes, I heard you saying people should. 1133 01:01:19.599 --> 01:01:24.320 Ensure right that they that whatever entity they want to 1134 01:01:24.400 --> 01:01:30.480 go into has a scent approval, right like the CPEx thing. 1135 01:01:31.519 --> 01:01:33.960 Now it can't to me. 1136 01:01:34.199 --> 01:01:38.280 It contradicts the essence of decentralization. 1137 01:01:39.039 --> 01:01:42.000 Maybe I don't know it very well. And is a 1138 01:01:42.119 --> 01:01:45.480 question I don't I don't want to talk crypto. No, no, 1139 01:01:45.960 --> 01:01:48.000 but I don't want to talk crypto. I don't want 1140 01:01:48.000 --> 01:01:51.719 the space to go to crypto, So go ahead, but please, 1141 01:01:51.840 --> 01:01:54.719 I don't want to go to a crypto space, I 1142 01:01:55.280 --> 01:01:57.800 understand what has a crypto element to it? 1143 01:01:58.199 --> 01:02:02.320 Right, So to Luis, I want to understand, right, we 1144 01:02:02.639 --> 01:02:08.159 seek him to understand spec okay sex having his certificate 1145 01:02:08.239 --> 01:02:09.119 of okay. 1146 01:02:09.039 --> 01:02:11.480 On any entity before we go into that. 1147 01:02:12.280 --> 01:02:16.800 It was that this does that not contradicts the centralization 1148 01:02:17.159 --> 01:02:20.960 or the digitalization concept within the crypto That's. 1149 01:02:20.800 --> 01:02:22.920 The question I want you to answer. That's number one 1150 01:02:23.039 --> 01:02:23.519 to power. 1151 01:02:23.679 --> 01:02:28.480 And I saw your tweet that said that Tibec had 1152 01:02:29.000 --> 01:02:30.599 sex certificate. 1153 01:02:30.639 --> 01:02:38.199 Right, and I wonder sex he said they had only 1154 01:02:40.079 --> 01:02:42.760 the correct me. I saw you your tweet. 1155 01:02:45.239 --> 01:02:50.639 If you have set and I don't forget that the 1156 01:02:51.519 --> 01:02:55.679 common better than the DIGITIAM don't have any form of 1157 01:02:55.760 --> 01:02:56.920 revolution from the entity? 1158 01:03:01.280 --> 01:03:01.559 Okay? 1159 01:03:01.639 --> 01:03:03.360 Because because I really that was what I wanted you 1160 01:03:03.440 --> 01:03:05.360 to I wanted to clever. I think if that was 1161 01:03:05.480 --> 01:03:08.320 actually wanted to clif because I was wondering if they 1162 01:03:08.400 --> 01:03:10.000 had certificate, what. 1163 01:03:10.119 --> 01:03:13.920 Else would Nigerians do to ensure security before they go 1164 01:03:14.079 --> 01:03:14.960 into their space. 1165 01:03:15.519 --> 01:03:18.559 But if you retracted that to it, then fine, or 1166 01:03:18.599 --> 01:03:20.599 if I miss orders to it, fine, So always you 1167 01:03:20.679 --> 01:03:21.480 please and you answer that. 1168 01:03:21.519 --> 01:03:24.800 I cannot thank you, thank you very much. It's a 1169 01:03:24.920 --> 01:03:28.880 check will it's a it's an interesting question and. 1170 01:03:29.159 --> 01:03:37.519 I'll just tell you that whether it is virtual, asset. 1171 01:03:37.280 --> 01:03:43.000 Crypto or financial space, regulation is very important. 1172 01:03:43.559 --> 01:03:46.239 So bodies like central bank and SEC. 1173 01:03:47.760 --> 01:03:54.960 Are encouraged to lightly intensify scrutiny, you know, around whatever 1174 01:03:55.039 --> 01:03:59.760 it is that can affect Nacherian investors and people that 1175 01:04:00.079 --> 01:04:04.920 any financial stress. So the digital centralization of bitcoin as 1176 01:04:05.360 --> 01:04:11.159 the apex cryptocurrency in the asset class space, I mean, 1177 01:04:12.679 --> 01:04:16.639 does not have anything to do with geopolitics. 1178 01:04:16.960 --> 01:04:23.880 And you know jurisdictional laws and regulation. You must understand that. 1179 01:04:24.639 --> 01:04:27.440 And the reason for bitcoin has nothing to do with 1180 01:04:27.559 --> 01:04:30.800 central banks, so they are just playing their own game. 1181 01:04:31.280 --> 01:04:34.639 But you and I need to be regularized. If it 1182 01:04:34.920 --> 01:04:37.280 comes to equity must come with clean hands. If you 1183 01:04:37.400 --> 01:04:40.000 really want to make money from the country, you want 1184 01:04:40.039 --> 01:04:43.599 to be allowed to play fairly. Money is on the sideline, 1185 01:04:43.639 --> 01:04:44.960 wants to come in. 1186 01:04:45.199 --> 01:04:48.360 Through the front door without any fear and doubt. 1187 01:04:48.440 --> 01:04:50.480 Nobody wants to be looking at their shoulder, you know, 1188 01:04:50.559 --> 01:04:55.920 the large economy that will boost revenue. It's not that 1189 01:04:56.199 --> 01:04:58.360 that wants to play in the black market. They want 1190 01:04:58.360 --> 01:05:01.320 to come to the open. So I think the second 1191 01:05:01.679 --> 01:05:04.840 and everything around governance are only doing the right day, 1192 01:05:05.199 --> 01:05:07.599 you know, and that's the only thing they have to 1193 01:05:07.719 --> 01:05:11.719 do to ensure Nigerians at this secure some substantial amount 1194 01:05:11.800 --> 01:05:17.159 from the stolen forms from using seedex. And I think 1195 01:05:17.199 --> 01:05:21.039 I answered that your question. Bitcoin remains. This is centralized, 1196 01:05:21.239 --> 01:05:25.519 is finite, it scarce. All of those things cannot happen again, 1197 01:05:25.559 --> 01:05:26.360 cannot be pitting. 1198 01:05:26.480 --> 01:05:29.480 Anybody can write this is but you know, I think 1199 01:05:29.880 --> 01:05:34.079 they would experience bitcoin when they are ready to experience it. 1200 01:05:34.199 --> 01:05:40.280 They're talking about celebrities that got involved in this regular 1201 01:05:40.639 --> 01:05:46.639 unregulated end or cryptoscams, like Kim Kadashian because Lily they 1202 01:05:46.719 --> 01:05:50.320 mentioned her name. It's not home only DJ Cali Floyd 1203 01:05:50.360 --> 01:05:52.840 maywe that this guy's paid set in. 1204 01:05:52.840 --> 01:05:55.920 The US as much as six hundred thousand, you know 1205 01:05:56.159 --> 01:05:57.880 for undisclosed promotions. 1206 01:05:57.920 --> 01:06:00.639 So some of the guys on X today will start 1207 01:06:00.679 --> 01:06:02.719 to pay big money. It's very very important. 1208 01:06:02.760 --> 01:06:05.800 But one they're fastardizes the space for some of us 1209 01:06:05.840 --> 01:06:09.159 that are very legitimate in this space, because somebody would 1210 01:06:09.199 --> 01:06:11.360 just come and promoting map coins. 1211 01:06:11.119 --> 01:06:13.719 As see, it's an investment, and that's chumbling. 1212 01:06:14.079 --> 01:06:16.119 It's worse that people are doing spotty and all of 1213 01:06:16.320 --> 01:06:18.400 us and then you're promoting the enerties and all these 1214 01:06:18.440 --> 01:06:21.000 things that really make no sense. Why don't you truly 1215 01:06:21.119 --> 01:06:26.320 truly promote something that is legitimate. Stop encouraging people are 1216 01:06:26.360 --> 01:06:30.159 showing them Lamborghinias and phantom those races and apartments that 1217 01:06:30.280 --> 01:06:33.360 you you borrowed or sponsors give you to enjoy a 1218 01:06:33.440 --> 01:06:39.079 riding weekend as a CAUH, equal Continental, et cetera. 1219 01:06:39.760 --> 01:06:43.760 That's not how it should be. So I aligned with 1220 01:06:44.599 --> 01:06:47.679 you know, say in that area, although that's taken food. 1221 01:06:47.519 --> 01:06:49.880 From the mount of or not in Nigerias. But sometimes 1222 01:06:50.239 --> 01:06:54.079 this is this is where it is important to discipline 1223 01:06:54.119 --> 01:06:56.760 that sector. So you're most communicates with anybody that is 1224 01:06:56.800 --> 01:06:59.079 coming to give you money and say have you registered 1225 01:06:59.199 --> 01:07:02.519 at least? Okay, what are you doing to make sure 1226 01:07:02.599 --> 01:07:05.039 that you're not going to be scamming people? If you're 1227 01:07:05.039 --> 01:07:08.360 going to be charging somebody finding doesn't If it's too juicy, 1228 01:07:08.480 --> 01:07:11.000 then it is not real, you know, because the potnos 1229 01:07:11.039 --> 01:07:13.119 have multiple sold anything and they're ready to pay you 1230 01:07:13.199 --> 01:07:15.840 fifty hundred millia to push that's terrible. 1231 01:07:15.920 --> 01:07:16.679 That's a bad one. 1232 01:07:17.079 --> 01:07:22.599 So advice against it and I'll just talk to to 1233 01:07:22.760 --> 01:07:24.119 sportscam again. 1234 01:07:24.639 --> 01:07:29.039 It's very very important that you know and cano. This 1235 01:07:29.159 --> 01:07:30.559 is going to make at this place about crypto. 1236 01:07:30.639 --> 01:07:34.880 But because we're mentioning set and seabecks all these things, 1237 01:07:35.239 --> 01:07:39.000 you have to really understand which is a fiat scam, 1238 01:07:39.159 --> 01:07:40.440 which is a crypto scam. 1239 01:07:40.679 --> 01:07:44.159 They are keep butchering, they are rock pulls, they are fishing. 1240 01:07:44.239 --> 01:07:47.719 They are different types of scams, given way scams, investment scams. 1241 01:07:48.000 --> 01:07:50.320 They come in different languages. They say it is a 1242 01:07:50.400 --> 01:07:55.119 crypto fund. You know the air promises high returns. YadA YadA, yadad. 1243 01:07:55.119 --> 01:07:56.960 They tell you what has happened in the past, the 1244 01:07:57.000 --> 01:07:59.960 scammers trying to build trust rights different. 1245 01:08:00.199 --> 01:08:02.039 Then we're gonna gonna move on. We're gonna I hear you, 1246 01:08:03.639 --> 01:08:06.199 I come and hear you. So I mean I'm a 1247 01:08:06.280 --> 01:08:10.480 simple guy. When we go into crypto, people get you know, see, 1248 01:08:10.920 --> 01:08:14.280 if anybody is offering you a return that is way 1249 01:08:14.639 --> 01:08:17.520 away from the risk pirit. In Nigeria, it's a red flag. 1250 01:08:17.760 --> 01:08:23.880 Whether it's crypto, property, farm, fixed deposits, even bank deposit, 1251 01:08:23.920 --> 01:08:26.560 even registered banker is telling you maybe bring money, will 1252 01:08:26.600 --> 01:08:29.159 pay you fifty percent. No, you have to ask questions. 1253 01:08:30.279 --> 01:08:33.760 Red flag doesn't mean it's illegal, It means dive deeper, 1254 01:08:34.319 --> 01:08:36.800 do your due diligence. That's the whole idea. You've got 1255 01:08:36.840 --> 01:08:38.960 to ask. It is your money. You work for that money. 1256 01:08:39.479 --> 01:08:42.000 If someone can borrow make fifty percent, why does it 1257 01:08:42.079 --> 01:08:44.479 ask you to bring money. Why can't they just borrow 1258 01:08:44.600 --> 01:08:49.439 money and do it himself. Ask those simple questions. You 1259 01:08:49.479 --> 01:08:53.399 don't have to be a mat or investment genius. Just 1260 01:08:53.600 --> 01:08:57.199 ask simple, busy questions. By law in Nigeria, they've got 1261 01:08:57.239 --> 01:09:01.279 to put your registration certificates on the wall. So if 1262 01:09:01.319 --> 01:09:03.640 you go to the company, you look out for their CEC, 1263 01:09:03.880 --> 01:09:05.680 look out for their EC, but look out for their 1264 01:09:05.760 --> 01:09:07.760 SEC as well. See what the rest are to do. 1265 01:09:08.319 --> 01:09:11.000 If a company has a SEC license to issue bonds 1266 01:09:11.039 --> 01:09:13.920 and it's equity to you, you're gonna ask questions, so 1267 01:09:14.079 --> 01:09:16.600 you don't don't make it too I don't make it 1268 01:09:16.680 --> 01:09:19.960 too complicated for you guys to follow. I again, we're 1269 01:09:20.039 --> 01:09:22.439 not talking about the guys that are interested in greed. 1270 01:09:23.239 --> 01:09:25.359 We're talking about the real folks. I just want to 1271 01:09:25.399 --> 01:09:28.600 make an investment, want to invest, and people are keeping them. 1272 01:09:28.640 --> 01:09:30.640 Those are the guys in this space. For all the 1273 01:09:30.680 --> 01:09:33.760 other guys that are doing looking for one hundred thousand 1274 01:09:33.800 --> 01:09:36.479 percent in one day, it's God that will answer you 1275 01:09:36.720 --> 01:09:41.880 not not me. Yeah, a preble you Hi, what's gonna mine? 1276 01:09:41.960 --> 01:09:49.399 You see more mine? Yeah? Yeah? After go ahead think 1277 01:09:50.039 --> 01:10:02.159 an order man, after you see you have me on speakers. 1278 01:10:02.199 --> 01:10:04.479 When I talk, there's a speedback. So if you can 1279 01:10:04.520 --> 01:10:06.840 take that feedback off, we can hear you take me 1280 01:10:06.880 --> 01:10:09.000 off a feet on think, I guess and I just 1281 01:10:09.079 --> 01:10:11.640 then just go ahead and speak. Yeah. And mister Fritz, 1282 01:10:12.680 --> 01:10:20.439 mister doing, sir, mister Fritz, maybe did you maybe did 1283 01:10:20.479 --> 01:10:22.880 you invest in seeback? Mister Fritz so you can talk 1284 01:10:26.239 --> 01:10:28.960 here this guy stock, bubble stock? What's what's the am 1285 01:10:29.000 --> 01:10:33.039 I talk to us? I am very fine, Thank you 1286 01:10:33.119 --> 01:10:36.640 so much. I can hear you and talk. It's good 1287 01:10:36.680 --> 01:10:40.479 that you're here. So also in stock market we also 1288 01:10:40.640 --> 01:10:43.239 have the red flags who should watch out for? Right 1289 01:10:43.319 --> 01:10:46.640 people are saying buy this by that. But overall, what's 1290 01:10:46.720 --> 01:10:48.520 your take on the on the on the scripto thing? 1291 01:10:48.800 --> 01:10:51.560 Is it greed? What is it just lack of information? 1292 01:10:51.920 --> 01:10:54.279 What do you think really is driving the young folks 1293 01:10:54.880 --> 01:10:56.840 to I mean, you look at a place where the 1294 01:10:56.920 --> 01:11:00.079 company was. It's a nice building in the state, but 1295 01:11:00.199 --> 01:11:02.479 you see they pull that invested really came from Libya 1296 01:11:03.000 --> 01:11:06.520 had two hundred dollars put in just lost the whole thing, 1297 01:11:06.560 --> 01:11:09.640 you know. So unfortunately is it that people don't they know? 1298 01:11:09.800 --> 01:11:12.079 I think people know there's something up with this thing, 1299 01:11:12.159 --> 01:11:14.680 but I didn't try to get that where it crashes. 1300 01:11:14.920 --> 01:11:19.079 What's your ticket for me? I think people are not 1301 01:11:19.760 --> 01:11:22.079 completely unaware of the risk there. 1302 01:11:22.800 --> 01:11:26.239 So from the narrative I've been hearing understandiments, it's like 1303 01:11:26.319 --> 01:11:27.159 people just want. 1304 01:11:27.079 --> 01:11:29.479 To get in an ounce quickly so that they can 1305 01:11:29.560 --> 01:11:30.600 make their own profits. 1306 01:11:31.199 --> 01:11:34.640 And I've even had some people recommending it to others, 1307 01:11:35.319 --> 01:11:38.720 being fully aware that they need to quickly go in 1308 01:11:38.800 --> 01:11:39.279 and come. 1309 01:11:39.199 --> 01:11:40.239 Out as soon as possible. 1310 01:11:40.279 --> 01:11:42.920 So once you get your capitil back every other day 1311 01:11:43.000 --> 01:11:45.560 you get is general, they don't mind that they are 1312 01:11:45.680 --> 01:11:50.199 doing it at the expense of another person, and it's. 1313 01:11:50.159 --> 01:11:51.359 Just unfortunate on that level. 1314 01:11:51.439 --> 01:11:53.880 And when you talk about red flags, if you say 1315 01:11:53.960 --> 01:11:58.039 on realistic returns, see I've been involved in cryptos so 1316 01:11:58.159 --> 01:12:00.640 because I like to diversify, so it's not just stocks. 1317 01:12:01.760 --> 01:12:04.279 So if you're familiar with. 1318 01:12:04.359 --> 01:12:07.800 That a rate, you will know that to get yields 1319 01:12:08.359 --> 01:12:10.479 about fifty percent, it's really not. 1320 01:12:12.239 --> 01:12:16.640 It's really not outrageous. You get it offered. So people 1321 01:12:16.720 --> 01:12:17.399 are used to. 1322 01:12:17.520 --> 01:12:21.039 Having high returns on their investments in cryptos. 1323 01:12:21.079 --> 01:12:24.760 In fact, you're not about mining. Recently, people were happening 1324 01:12:24.880 --> 01:12:25.479 to get. 1325 01:12:26.880 --> 01:12:31.119 Money from crypto something that wasn't solified, but just that 1326 01:12:31.359 --> 01:12:33.319 expectation that it might turn. 1327 01:12:33.239 --> 01:12:36.119 Out to be something good. People are already jumping into it. 1328 01:12:36.239 --> 01:12:39.760 So when we hear one hundred percent with on, they're like, okay, 1329 01:12:39.840 --> 01:12:42.079 for sure, this is crypto spaces Wow. 1330 01:12:42.000 --> 01:12:45.439 Wow space. So yeah, you can happen. People have a 1331 01:12:45.520 --> 01:12:48.840 little bit more faced doing that. So that is one 1332 01:12:48.880 --> 01:12:50.439 thing I know about the crypto. 1333 01:12:50.119 --> 01:12:54.319 Space that really needs a little bit of cushion from everybody. 1334 01:12:54.359 --> 01:12:57.800 That's getting important. Are we picking on crypto? Are we 1335 01:12:57.840 --> 01:13:06.800 picking on crypto? My name? Do you think? Okay? Let me. 1336 01:13:07.920 --> 01:13:10.880 When you hear crypto does it? Do you hear fraud? 1337 01:13:11.720 --> 01:13:14.720 Or when you hear crypto do you hear don't? What 1338 01:13:14.840 --> 01:13:15.960 do you hear when you hear crypto? 1339 01:13:16.119 --> 01:13:21.399 Honest, if I hear when I hear crypto, the first 1340 01:13:21.439 --> 01:13:23.640 thing that comes to my mind is custiou. It's like 1341 01:13:23.800 --> 01:13:28.399 a big, red, flat, big the very cautious because if 1342 01:13:28.479 --> 01:13:32.840 you're not technically savvy, you have to be you know, 1343 01:13:32.960 --> 01:13:35.319 you have to be lucky to get a head. 1344 01:13:35.199 --> 01:13:39.000 Starts when I when I when I started cryptal, I 1345 01:13:39.079 --> 01:13:40.760 fell into some scams, even. 1346 01:13:40.720 --> 01:13:45.640 Scams that were like support stamps. You know, someone would 1347 01:13:45.680 --> 01:13:47.840 just reach out to you and you're on the platform 1348 01:13:47.920 --> 01:13:51.800 and you're trying to get something. Maybe you you transferred 1349 01:13:52.640 --> 01:13:53.880 your cryptal. 1350 01:13:53.560 --> 01:13:56.479 To another words and you just want the headway, and 1351 01:13:56.640 --> 01:13:59.680 you just post this out in the in the in 1352 01:13:59.760 --> 01:14:02.640 the group, and someone will reach out to you. But 1353 01:14:02.680 --> 01:14:05.640 I laterally I say, okay, thank you for posting this. 1354 01:14:06.079 --> 01:14:08.239 We are supportive, we can help you with this. 1355 01:14:08.760 --> 01:14:11.520 And then you know, so there's a lot of corruption 1356 01:14:11.800 --> 01:14:15.119 and if you're not aware and you're not technically savvy, 1357 01:14:15.199 --> 01:14:18.359 you get swept off and you wouldn't. 1358 01:14:18.000 --> 01:14:19.920 Really want to test the words as a game. But 1359 01:14:20.600 --> 01:14:21.800 it's also a lenning curve. 1360 01:14:22.319 --> 01:14:24.479 So I already know what I'm looking out for for 1361 01:14:24.640 --> 01:14:27.239 crypto and to be fund to Lucia who is a 1362 01:14:27.279 --> 01:14:32.159 bitcoin Marxist, and you hardly find this in bigcoin other cryptal. 1363 01:14:32.399 --> 01:14:36.199 I would say that stable coins are used for this 1364 01:14:36.399 --> 01:14:37.560 type of pins. 1365 01:14:37.319 --> 01:14:41.239 Is because it is easy to deal with and we 1366 01:14:41.439 --> 01:14:48.640 draw so it's it's not volatile like like like Bitcoin 1367 01:14:48.760 --> 01:14:49.319 for example. 1368 01:14:49.479 --> 01:14:51.840 All that cryptals, so if they just use all that cryptals. 1369 01:14:52.199 --> 01:14:54.760 It might be five dollars today and then tomorrow it's 1370 01:14:54.760 --> 01:14:57.199 gone to with dollar, So they wouldn't want to do that. 1371 01:14:57.279 --> 01:14:59.039 They want to use stable coins. 1372 01:14:59.159 --> 01:15:03.840 It's easier withdraw and it's pegged the real world choruses. 1373 01:15:04.000 --> 01:15:08.319 So I guess that's the reason why it's a preferred medium. 1374 01:15:10.119 --> 01:15:15.520 Can I'm saying, I'm saying, it's not it's gonna, We're not. 1375 01:15:15.560 --> 01:15:18.840 We're not attacking. This is knowledge. So he's telling you 1376 01:15:19.640 --> 01:15:23.000 that that the when I say my cities pull thing 1377 01:15:23.239 --> 01:15:26.880 wealthy German, when I say BMW, and he's just telling 1378 01:15:26.960 --> 01:15:29.960 you what he know. It's not reports, it's and it's 1379 01:15:30.039 --> 01:15:31.079 not Union, it's. 1380 01:15:31.000 --> 01:15:34.520 Not it's not you on your space like this when 1381 01:15:34.600 --> 01:15:37.399 we come, we really get this platform because your space 1382 01:15:37.520 --> 01:15:38.239 is always. 1383 01:15:38.199 --> 01:15:39.000 Said you busy. 1384 01:15:39.319 --> 01:15:42.119 So when he comes like that, it could fear in 1385 01:15:42.239 --> 01:15:44.159 the hands of people put out there. 1386 01:15:44.199 --> 01:15:47.079 I think I think it's simply reflecting. I think it's 1387 01:15:47.159 --> 01:15:51.760 he's reflecting. He's reflected reflecting. Listen, Why I was that 1388 01:15:51.920 --> 01:15:54.960 questions me as just trying to tell you and others that, listen, 1389 01:15:55.079 --> 01:15:57.279 this is what people feel. You know, there was a 1390 01:15:57.359 --> 01:16:01.199 long time ago when banks had this issue failed banks. 1391 01:16:01.800 --> 01:16:04.359 There was a failed bank Tribu you know bank and 1392 01:16:04.479 --> 01:16:08.039 these were by the military Bacher a long time ago. 1393 01:16:08.560 --> 01:16:10.399 If you put one in the bank, yeah it pott. 1394 01:16:10.479 --> 01:16:13.439 One of the bank was callow Calo. The bank might 1395 01:16:13.520 --> 01:16:16.600 close tomorrow a long long time ago. Probably had any 1396 01:16:16.720 --> 01:16:19.840 eldest nd I c or it was. It was, it 1397 01:16:19.960 --> 01:16:25.920 was wild wild waste. West came Yeah, Christy a Bacher 1398 01:16:26.079 --> 01:16:29.479 came and all that did a few things. Then now 1399 01:16:29.520 --> 01:16:31.439 we now have banks that looked like if you say 1400 01:16:31.439 --> 01:16:34.119 a bank, it looked like, okay, this is this solid 1401 01:16:34.279 --> 01:16:36.239 place to go and hide your money. It won't give 1402 01:16:36.239 --> 01:16:39.239 you returns, per say, but your money is see and 1403 01:16:39.399 --> 01:16:42.399 because they worked on it. So I mean the feedback 1404 01:16:42.560 --> 01:16:45.199 is you just gonna walk? Is an industry, I get it. 1405 01:16:45.720 --> 01:16:46.039 You know what. 1406 01:16:47.720 --> 01:16:51.640 You said, He just interpreted what I was going to say. 1407 01:16:51.680 --> 01:16:57.079 That benefits from sure regulatory systems. It's very very important 1408 01:16:57.119 --> 01:16:59.880 for us to know that crypto is still dangling on 1409 01:17:00.119 --> 01:17:01.359 that evolving regulation. 1410 01:17:01.840 --> 01:17:05.640 So if there is anywhere scamp is perpetrated, it is 1411 01:17:05.720 --> 01:17:06.199 the eight. 1412 01:17:06.199 --> 01:17:10.359 Hundred billion to pret point two trilliona scamps that they 1413 01:17:10.359 --> 01:17:14.640 exist as against a forty billion in cryptocurrency. And this 1414 01:17:14.840 --> 01:17:18.039 is basically driven by the dominance of the traditional FIAT 1415 01:17:18.159 --> 01:17:21.720 system with the money, the expertise and the money laundry 1416 01:17:21.880 --> 01:17:23.359 that have money laundering. 1417 01:17:23.039 --> 01:17:31.359 That happens in the Fiat currency and currency I hear you, 1418 01:17:31.920 --> 01:17:34.640 I hear I'm gonna say that the problem. 1419 01:17:34.760 --> 01:17:39.399 The problem is that's evolving regulation, the fact that FIAT 1420 01:17:39.479 --> 01:17:45.960 has already mature in you know, the counter terrorism financing frameworks, 1421 01:17:46.199 --> 01:17:50.760 anti money laundry frameworks and crypto you know Big coin 1422 01:17:51.079 --> 01:17:53.680 and of course has a very good governance system of 1423 01:17:53.720 --> 01:17:54.439 cryptot large. 1424 01:17:54.640 --> 01:17:58.319 They're just evolving on that. Sick all around the world. 1425 01:17:58.399 --> 01:18:02.520 You know, it's eat any gap, you know, for people. 1426 01:18:02.319 --> 01:18:06.600 That come out of the bad experiences, them publishments that 1427 01:18:06.760 --> 01:18:07.720 they have booked them. 1428 01:18:07.800 --> 01:18:09.720 So they look for quick exits. 1429 01:18:09.800 --> 01:18:13.079 And they see something that they have heard positive news about. 1430 01:18:13.119 --> 01:18:16.119 They wantn't get into it without education, they get. That's 1431 01:18:16.119 --> 01:18:17.600 why we tell them about BTC. 1432 01:18:18.039 --> 01:18:20.600 Okay, all right, no worries, let's get a freable Let's 1433 01:18:20.640 --> 01:18:22.600 hope averybles are do it better. I really want to 1434 01:18:22.640 --> 01:18:26.880 not want to hear his take way way way better. 1435 01:18:26.960 --> 01:18:31.159 They don't want how to go ahead? Sir? Yeah you so, yeah, 1436 01:18:31.359 --> 01:18:35.880 thanks for time to speaking. But a husband said, I 1437 01:18:35.960 --> 01:18:40.000 think with this, did you did you invest in CX No, 1438 01:18:40.800 --> 01:18:42.640 that's anything. 1439 01:18:42.720 --> 01:18:46.560 Promise you above the free rates people say hundred, but 1440 01:18:46.600 --> 01:18:48.680 even above risk free rates monthly. 1441 01:18:49.520 --> 01:18:54.279 Yeah, that's a really But do you think those guys 1442 01:18:54.439 --> 01:18:56.800 were ignorant that they did not know this thing? We're 1443 01:18:56.880 --> 01:19:01.199 saying that if if yeah, go ahead, there's a degree 1444 01:19:01.239 --> 01:19:02.880 of greed. There's a degree of greed, definitely. 1445 01:19:02.920 --> 01:19:05.720 I think people people, and you can tell because they're 1446 01:19:05.760 --> 01:19:09.600 smart people who fail for this. People, the people in 1447 01:19:09.720 --> 01:19:12.439 banking move for the people who work in banks, who 1448 01:19:12.560 --> 01:19:16.880 advise clients against this. So there was a bit of like, oh, 1449 01:19:17.239 --> 01:19:20.199 I'm the Shoppers guy. I can I'll get out before 1450 01:19:20.239 --> 01:19:25.600 it goes down. And of course this guy seabacks. They 1451 01:19:26.960 --> 01:19:31.000 really laid on this referral program, getting families and friends 1452 01:19:31.119 --> 01:19:32.479 to bring. 1453 01:19:32.399 --> 01:19:32.680 In and. 1454 01:19:34.239 --> 01:19:36.960 Red flag. Red flag. That's a red flag. 1455 01:19:37.000 --> 01:19:39.640 But it takes down your defenses a bit because when 1456 01:19:39.720 --> 01:19:42.680 your brother, your cousins, I've been I mean this, I've 1457 01:19:42.760 --> 01:19:47.600 made this money, you people, well meaning people will be 1458 01:19:47.720 --> 01:19:49.960 less defensive. I'll looking into it because Okay, if my 1459 01:19:50.000 --> 01:19:52.479 brother's making this money, maybe I will make money too. 1460 01:19:53.039 --> 01:19:55.239 But while I'm trying to say that, because the allosa saity. 1461 01:19:55.279 --> 01:19:57.760 I think most states have touched that. It's the key 1462 01:19:57.840 --> 01:20:02.760 thing for me is dipersification, because registered or not registered, 1463 01:20:03.359 --> 01:20:05.000 these scams are going to continue. 1464 01:20:05.079 --> 01:20:06.640 This is, this is back is not the last. There's 1465 01:20:06.640 --> 01:20:08.680 not the last one. There's gonna be another one. I 1466 01:20:08.760 --> 01:20:11.760 don't know when. Of course, maybe it's gonna be another one, 1467 01:20:12.239 --> 01:20:14.880 probably bigger than this one. Because it's getting more advanced. 1468 01:20:15.279 --> 01:20:19.319 Even with registered securities, registered platforms, things are getting more advice. 1469 01:20:19.319 --> 01:20:21.720 It's not just scrypto fiat you're gonna get. 1470 01:20:21.760 --> 01:20:24.399 You're gonna get these scams in any format, any sort 1471 01:20:24.439 --> 01:20:25.359 of financial product. 1472 01:20:25.479 --> 01:20:26.680 These scams are going to be there. 1473 01:20:27.119 --> 01:20:30.560 And the only way I see as things get more 1474 01:20:30.600 --> 01:20:34.479 advanced anyway I see is that education, not putting all your. 1475 01:20:34.399 --> 01:20:37.439 Eggs into one instrumental, one product. 1476 01:20:39.039 --> 01:20:41.239 I'm being wise about obviously looking at for looking out 1477 01:20:41.279 --> 01:20:44.720 for the basics of it being registered, it being having 1478 01:20:44.760 --> 01:20:48.560 the necessary paperwork, subtrack record, not looking at buzzwords, but 1479 01:20:49.439 --> 01:20:50.600 the only even that. 1480 01:20:51.479 --> 01:20:55.560 That can be faked with enough effort, that can be 1481 01:20:55.640 --> 01:20:57.600 faked as well. Seeb is. 1482 01:20:57.840 --> 01:20:59.920 I think rather as far as crypto, one of them 1483 01:21:00.039 --> 01:21:01.920 advanced well as the standard pons is giving. But they 1484 01:21:02.039 --> 01:21:06.119 use the scrypto platform to really push it, but someone 1485 01:21:06.199 --> 01:21:10.319 else is going to do it better. Where investment professionals 1486 01:21:10.399 --> 01:21:12.239 can still fall for you have the a lot in 1487 01:21:12.279 --> 01:21:14.840 fields as well, where investment professionals for force camps the fault. 1488 01:21:16.680 --> 01:21:19.159 It does depends on how well the person is running it, 1489 01:21:19.800 --> 01:21:22.159 is doing it while properly are doing it. So the 1490 01:21:22.319 --> 01:21:26.000 only way I see, realistically without going into any you 1491 01:21:26.119 --> 01:21:30.279 know uh, he says, she said, advice is investification. 1492 01:21:31.239 --> 01:21:34.399 You have to you you really have to be discerned 1493 01:21:34.439 --> 01:21:36.600 if you're you're going to be arrested. Know how you're 1494 01:21:36.640 --> 01:21:37.199 putting your money. 1495 01:21:37.279 --> 01:21:40.920 No, not not betting everything on one horse, not putting 1496 01:21:40.960 --> 01:21:42.399 everything on one platform. 1497 01:21:42.439 --> 01:21:44.279 Especially with crypto. I mean you can you can have 1498 01:21:44.399 --> 01:21:47.039 your own I mean bitcoin solve a lot of this issue. 1499 01:21:47.520 --> 01:21:49.439 Or you can. You can you got you can have 1500 01:21:49.479 --> 01:21:50.119 a hard legend. 1501 01:21:50.359 --> 01:21:52.439 You don't have to rely on a platform, or at 1502 01:21:52.520 --> 01:21:54.279 least if you if you must take some of it 1503 01:21:54.399 --> 01:21:57.039 out hoold it. You can you can split HOWE stores 1504 01:21:57.800 --> 01:21:58.960 and save th money as well. 1505 01:21:59.000 --> 01:21:59.359 So I think the. 1506 01:21:59.319 --> 01:22:03.279 Investigation when you invest will it's not gonna solve the 1507 01:22:03.319 --> 01:22:04.680 prob is the pain. 1508 01:22:06.000 --> 01:22:08.560 When it does happen is the pain of a loss. 1509 01:22:09.760 --> 01:22:13.960 I think everything else. Really, let me tell you this story. 1510 01:22:14.319 --> 01:22:17.800 I have a friend, she schooled abroad. She's back in Nigeria. 1511 01:22:18.159 --> 01:22:22.319 She had she has a fancy supermarket, so very fancy stuff, 1512 01:22:22.479 --> 01:22:26.720 very very world educated. She told me this was doing Nospecto. 1513 01:22:26.840 --> 01:22:29.279 You know, you get no no respect to Nospecto. She 1514 01:22:29.399 --> 01:22:32.359 told me she had forty four million narra in aspect 1515 01:22:32.479 --> 01:22:36.000 it's just like years ago Nospecto forty four million, and 1516 01:22:36.119 --> 01:22:39.039 she's not taking it out. She started up with four million, 1517 01:22:39.920 --> 01:22:42.640 She got her principal back. She left the money there, 1518 01:22:42.880 --> 01:22:45.920 told all her friends she's made so much money. She 1519 01:22:46.159 --> 01:22:48.279 left forty four She knew it was going to crash, 1520 01:22:48.840 --> 01:22:52.439 but everyone doesn't crash. It's just pure profit for her. 1521 01:22:53.439 --> 01:22:55.479 That's the bulk of the guys that are doing these deals. 1522 01:22:55.479 --> 01:22:58.319 Because you see this this point. The thing is very 1523 01:22:58.399 --> 01:23:02.600 very it's a very smart investment because you have a 1524 01:23:02.880 --> 01:23:05.840 core of people that would never take their money out 1525 01:23:06.520 --> 01:23:10.560 even if they know it's fraudulent. So anytime you go there, 1526 01:23:10.880 --> 01:23:13.680 you get paid. Anytime you go you get paid. So 1527 01:23:13.800 --> 01:23:16.039 you look like the idiots you So you hear this space, 1528 01:23:16.439 --> 01:23:20.479 then you quickly rush to the your lookout for the scheme. 1529 01:23:20.600 --> 01:23:23.279 You say, no, i'm's gonna cry that guy on two crash. 1530 01:23:23.319 --> 01:23:25.640 You take the money out. Your friends are still there. 1531 01:23:25.880 --> 01:23:28.920 They get paid next morn. They're laughing at you listen 1532 01:23:28.960 --> 01:23:30.600 to calor and living it. So you go back and 1533 01:23:30.640 --> 01:23:33.720 put the money in. It's like musical chairs. The music 1534 01:23:33.800 --> 01:23:35.880 stops you and I'm sitting down on your do That's 1535 01:23:35.960 --> 01:23:38.760 I like your point to make about that specification you 1536 01:23:39.880 --> 01:23:50.159 just have. You just can't know you smart people. And 1537 01:23:50.319 --> 01:23:53.720 it's everywhere. Okay, you do property, they are there in property. 1538 01:23:53.720 --> 01:23:56.159 They'll tell you don't buy the property by the c 1539 01:23:56.560 --> 01:23:59.159 O of the whatever you go to, they go and 1540 01:23:59.239 --> 01:24:01.760 buy parmoil. There is patients with it for you that 1541 01:24:02.000 --> 01:24:04.600 don't buy palm oil. You will buy the storage of 1542 01:24:04.680 --> 01:24:07.119 the palm oil. You live agriculture, and you're not gonna 1543 01:24:07.159 --> 01:24:09.079 gonna do foul. Don't to do it again. You're gonna no, no, 1544 01:24:09.159 --> 01:24:11.720 no no, buy pig five will give you twenty twenty 1545 01:24:11.760 --> 01:24:14.119 five percent in one month. You live that one and 1546 01:24:14.199 --> 01:24:16.079 go to bank and why are you doing bank? Let's 1547 01:24:16.239 --> 01:24:20.479 do people. So it's everywhere. And the central theme, don't 1548 01:24:20.479 --> 01:24:23.159 say you can link with everyone, is just high rates 1549 01:24:23.199 --> 01:24:26.159 of return. High return but if you if you talk 1550 01:24:26.199 --> 01:24:28.880 to your finance, it will tell you the volatility is 1551 01:24:28.920 --> 01:24:31.880 the return that if you're risky is not what capital 1552 01:24:32.159 --> 01:24:36.520 person prising model says. High risk that high return, that's 1553 01:24:36.560 --> 01:24:38.640 what it says. So to a lay guy, the guy, 1554 01:24:38.640 --> 01:24:40.399 I'll tell you if you put money for bank low 1555 01:24:40.520 --> 01:24:43.319 risk leutony and put one for c aps high risk 1556 01:24:43.439 --> 01:24:46.840 eraton which is not is not true, but it sells 1557 01:24:47.000 --> 01:24:51.399 itself because it sounds. It sounds nice to go again. 1558 01:24:51.479 --> 01:24:55.479 You guys know pointy schemes itself and even illegal, they're 1559 01:24:55.520 --> 01:24:58.800 not in itself illegal is that it's not registered. It's 1560 01:24:58.840 --> 01:25:01.199 not registered because the the curacy thing we have in 1561 01:25:01.279 --> 01:25:03.800 our pocket is the oppon sky. But that's a different 1562 01:25:03.880 --> 01:25:13.560 topic and it's not good if we open that. That's different. Okay, 1563 01:25:13.720 --> 01:25:15.720 let's let's let's and. 1564 01:25:15.760 --> 01:25:17.520 I says up it to us what you've just said, 1565 01:25:17.600 --> 01:25:22.039 please for ae minute, right, I think I think the 1566 01:25:22.159 --> 01:25:26.199 difference between every other thing we've listed here is the 1567 01:25:26.359 --> 01:25:28.960 fact every access class we've listened here is the fact 1568 01:25:29.000 --> 01:25:31.840 that if it happens in the in the within the 1569 01:25:31.960 --> 01:25:34.880 FIAT space, if it happens in AG culture, if it 1570 01:25:34.960 --> 01:25:39.239 happens anywhere else, there's someone to be held accountable. 1571 01:25:39.760 --> 01:25:43.760 There's someone to take to court. I've been, I've been, 1572 01:25:43.880 --> 01:25:47.159 I've been. I've lost money in the US market. And 1573 01:25:47.279 --> 01:25:50.319 I sat at home talking about it, and a few 1574 01:25:50.359 --> 01:25:51.079 weeks later. 1575 01:25:51.039 --> 01:25:55.319 I got a letter saying, there's an assets sorry as 1576 01:25:55.359 --> 01:25:58.119 against these guys, there's a class act against it. 1577 01:25:58.279 --> 01:26:00.760 I just feel this up as the proof that you 1578 01:26:00.880 --> 01:26:02.159 bought this should tell us the. 1579 01:26:02.159 --> 01:26:04.840 Amount you put it on and you get your money back. 1580 01:26:05.159 --> 01:26:08.840 And I got my money back. The challenge within the 1581 01:26:08.880 --> 01:26:11.479 crypto space, I'm not I'm not, I'm not shooting it 1582 01:26:11.520 --> 01:26:14.239 against the is the fact that when it comes there, 1583 01:26:14.800 --> 01:26:17.960 these guys disappear. And you know why Nigeria's fall into it. 1584 01:26:18.079 --> 01:26:19.439 Tell I wanted to be attentional to this. 1585 01:26:19.520 --> 01:26:22.119 You're not looking it on this street, right, people always 1586 01:26:22.520 --> 01:26:26.000 home or put this argument. Oh, in the last five years, 1587 01:26:26.119 --> 01:26:30.560 in the last ten years, crypto has given the highest return. 1588 01:26:31.039 --> 01:26:33.239 Way more than this, way more than that. 1589 01:26:33.720 --> 01:26:36.399 So whenever we do that compare reason, whenever we compare 1590 01:26:36.520 --> 01:26:41.319 cryptocurrency against other asset class, we are simply advertising it. 1591 01:26:41.600 --> 01:26:43.680 And this is what someone actually told me that two 1592 01:26:43.760 --> 01:26:45.640 days ago, when this Silex thing, when I talk about 1593 01:26:45.640 --> 01:26:48.560 this next thing, that, oh, crypto has given highest return. 1594 01:26:48.880 --> 01:26:50.800 What are you talking about? Right? 1595 01:26:51.159 --> 01:26:53.640 So I'm just putting it there so we know that 1596 01:26:53.720 --> 01:26:56.000 when we compare this assins class, we are simply telling 1597 01:26:56.079 --> 01:26:58.880 people who are listening to us, who don't who may 1598 01:26:59.000 --> 01:27:02.159 not know much, say, this is a direction to go 1599 01:27:02.479 --> 01:27:05.159 if you want to turn one letra into one million. 1600 01:27:05.720 --> 01:27:09.520 But the other class, or the other classes, there's someone 1601 01:27:09.600 --> 01:27:12.760 to be held accountable, there's someone to hope, there's someone 1602 01:27:12.840 --> 01:27:13.600 to put in jail. 1603 01:27:15.000 --> 01:27:17.119 I have been a victim to that, and I was saved. 1604 01:27:17.199 --> 01:27:20.039 I got my money back right with the proof. 1605 01:27:20.520 --> 01:27:22.439 So I just have to put it out there for 1606 01:27:22.600 --> 01:27:26.039 us know that this whole thing is just until the 1607 01:27:26.520 --> 01:27:27.119 come of thank you. 1608 01:27:27.920 --> 01:27:31.840 Interesting take giddy, giddy, talk to us, giddy. Were you? 1609 01:27:32.159 --> 01:27:34.880 Are you a beck? Were you or were you a seaback? 1610 01:27:35.039 --> 01:27:37.079 So what have you been viewed by a Ponzi scheme 1611 01:27:37.079 --> 01:27:37.600 in the past? 1612 01:27:39.119 --> 01:27:46.119 All right, thank you for the privilege. Okay, So I 1613 01:27:46.319 --> 01:27:49.640 wasn't I libut my mother at sea becks. Of course 1614 01:27:49.680 --> 01:27:50.960 it's also to me by. 1615 01:27:50.960 --> 01:27:54.039 Someone but immedity I had it, already knew what it 1616 01:27:54.279 --> 01:27:55.560 was when I turned. 1617 01:27:57.680 --> 01:28:01.439 Did I say I have been I've I've had the 1618 01:28:01.520 --> 01:28:04.560 experience with only skips in the past. I've actually lost 1619 01:28:04.600 --> 01:28:06.840 money to them in the past, So I've blamed my 1620 01:28:06.920 --> 01:28:07.880 lesson and I. 1621 01:28:08.000 --> 01:28:11.960 Know that I knew them far. How how do you 1622 01:28:12.079 --> 01:28:13.479 how do you know them to give or give me 1623 01:28:13.520 --> 01:28:13.840 a hint? 1624 01:28:15.079 --> 01:28:23.279 Yeah, I mean number one or reasonabel returns or returns million? Okay, 1625 01:28:23.439 --> 01:28:25.760 how do you expect to get one hundred percent even 1626 01:28:25.800 --> 01:28:27.039 in a year? If you go find me a hundred 1627 01:28:27.039 --> 01:28:29.199 percent in the year, I'm going to raise my eyebrows. 1628 01:28:29.680 --> 01:28:31.640 Let it go in a month? 1629 01:28:32.439 --> 01:28:34.600 Right? What I what if I think? What if I 1630 01:28:34.680 --> 01:28:37.600 think that's a normal return. If I've never invested before, 1631 01:28:37.760 --> 01:28:39.800 I think all investments are one hundred percent? What if 1632 01:28:39.880 --> 01:28:43.399 I don't know that investments don't give a hundred percent return? 1633 01:28:43.479 --> 01:28:46.399 Because my brother exactly ships container and it makes one 1634 01:28:46.479 --> 01:28:48.439 hundred percent, So why can't crep to give me a 1635 01:28:48.520 --> 01:28:49.079 hundred percent? 1636 01:28:50.840 --> 01:28:53.720 That's what this comes in financial education. 1637 01:28:54.960 --> 01:28:56.560 That's one thing I just need that. 1638 01:28:56.720 --> 01:28:59.640 There are two things that I identified, which is one 1639 01:28:59.680 --> 01:29:02.159 reason why we keep fall living to this. Number one 1640 01:29:02.279 --> 01:29:07.399 is financial literacy, which some of the people that actually 1641 01:29:07.439 --> 01:29:11.399 felt the tenially add because some people actually generally too 1642 01:29:11.520 --> 01:29:13.840 oh yeah, it's real, because they saw evidence, right, their 1643 01:29:13.880 --> 01:29:15.880 friends showed them their alads and all of that, and 1644 01:29:15.960 --> 01:29:18.000 they were like, oh, I mean it works yeat, So. 1645 01:29:18.000 --> 01:29:19.920 Why I wanted to work for me? Right? 1646 01:29:20.319 --> 01:29:24.039 So people are actually lack financial education, which that's why 1647 01:29:24.039 --> 01:29:27.279 I'm really proud of what new people are doing here. 1648 01:29:27.279 --> 01:29:28.760 You know, education, Igera and Fars. 1649 01:29:28.840 --> 01:29:31.640 Number one, if not number the number two is the 1650 01:29:31.800 --> 01:29:35.079 lack of understanding of value that we have. We actually 1651 01:29:35.159 --> 01:29:38.439 there's a fundamental problem that we have, which is the 1652 01:29:38.520 --> 01:29:42.840 lack of understanding of our family works. Right, It's typical 1653 01:29:43.039 --> 01:29:46.239 average Nigeria wants to make money. I mean might not 1654 01:29:46.359 --> 01:29:49.359 mugals in Nigeria, but most people, you know, they want 1655 01:29:49.399 --> 01:29:52.199 to make money. Of course, really all looking for thesiers 1656 01:29:52.239 --> 01:29:55.479 were possible. But so people want to make money without 1657 01:29:55.520 --> 01:29:59.319 doing anything. Yes, it is possible when we talk about 1658 01:29:59.359 --> 01:30:05.399 it very see passive investment. But there is a level 1659 01:30:05.439 --> 01:30:07.399 where you know, you don't want to do anything, but 1660 01:30:07.520 --> 01:30:09.039 you want to make a one hundred percent How. 1661 01:30:09.079 --> 01:30:09.760 Those are working? 1662 01:30:10.119 --> 01:30:13.439 Number two, even the company you're investing in, what is 1663 01:30:13.520 --> 01:30:15.720 their value? How I didn't making money? How did they 1664 01:30:15.880 --> 01:30:18.760 translated the value into money? Because and then essentially it's 1665 01:30:18.760 --> 01:30:19.560 is value. 1666 01:30:19.279 --> 01:30:20.039 That trusting to money. 1667 01:30:20.039 --> 01:30:23.199 That's why we talk about investing yourself, educn see yourself, 1668 01:30:23.199 --> 01:30:25.439 you know, acquiring mostue so that you have more value 1669 01:30:25.439 --> 01:30:27.720 to offer the market and they make more money. So 1670 01:30:28.079 --> 01:30:30.319 this company want value? Are they offer it? Tis you 1671 01:30:30.399 --> 01:30:34.119 go value and they offered that makes them money. 1672 01:30:35.119 --> 01:30:35.640 You understand. 1673 01:30:35.680 --> 01:30:37.800 That's one thing that I see that we lack, and 1674 01:30:37.960 --> 01:30:40.520 it's one thing that I think we need to start 1675 01:30:40.720 --> 01:30:44.640 educating ourselves and our children because we for for example, 1676 01:30:44.680 --> 01:30:47.760 I don't think I can't remember having a discussion you know, 1677 01:30:47.920 --> 01:30:51.079 maybe I will special my parents about you know, value 1678 01:30:51.159 --> 01:30:53.319 about of course, when it's value in terms of being 1679 01:30:53.520 --> 01:30:57.520 you know, being an honest to man, being being you know, straightforward, 1680 01:30:57.600 --> 01:30:59.680 those kind of things going. In terms of how money works, 1681 01:31:00.079 --> 01:31:03.359 that's okay. What is you don't I mean you want 1682 01:31:03.600 --> 01:31:06.319 to make money like they actually be fun puts down, 1683 01:31:06.359 --> 01:31:08.800 you have to plan this, see for need to expect 1684 01:31:08.840 --> 01:31:11.960 that there's actually some sort of value exchange for money, 1685 01:31:12.000 --> 01:31:14.840 and you don't expect and I'm reasonable value exchange. For instance, 1686 01:31:15.119 --> 01:31:17.600 let me say I see it, oh tomorrow they tell 1687 01:31:17.720 --> 01:31:20.199 me I want to be like pilots make the post 1688 01:31:20.279 --> 01:31:24.159 money and also tomorrow to be pilots without training it 1689 01:31:24.560 --> 01:31:28.560 cannot happen, no matter how, no matter our. 1690 01:31:28.479 --> 01:31:31.359 You know, much fun. But I see it happening. I 1691 01:31:31.479 --> 01:31:34.880 see folks buy Mercedes bends because they are trading coins. 1692 01:31:35.439 --> 01:31:38.359 I see this guy flying first class because he bought 1693 01:31:38.560 --> 01:31:41.279 this investment sold it in the medical I see it, 1694 01:31:41.960 --> 01:31:44.560 and nobody as said as impossible, they goes. I guess, 1695 01:31:44.560 --> 01:31:48.079 I said impossibly, just jealous. But I see people making money. 1696 01:31:48.800 --> 01:32:00.239 I see it. So who is wrong here? Okay? Thing 1697 01:32:00.359 --> 01:32:03.840 is yeah, it's yeah. You might find you know, the 1698 01:32:03.880 --> 01:32:05.239 old like for instance, see bess. 1699 01:32:05.439 --> 01:32:08.560 There are people that you know, maybe they made the 1700 01:32:08.640 --> 01:32:10.720 killing from it, right, but people that made money from 1701 01:32:10.720 --> 01:32:13.600 ebun too. You know, people question the world because they 1702 01:32:13.720 --> 01:32:15.760 knew that. Most of them knew that they were really 1703 01:32:15.840 --> 01:32:17.159 on the back of what I could to see us 1704 01:32:17.279 --> 01:32:17.880 in the future. 1705 01:32:18.199 --> 01:32:21.039 But the people that made money from it. But is 1706 01:32:21.119 --> 01:32:21.960 that's enough. 1707 01:32:21.960 --> 01:32:24.720 Reason to stay because of that? I mean I saw 1708 01:32:24.800 --> 01:32:26.920 every days right, Like I told you, I was so 1709 01:32:27.199 --> 01:32:29.680 to the ideas. But I need that no matter what 1710 01:32:29.840 --> 01:32:31.600 we believe, that anything won't being young to say that, 1711 01:32:31.600 --> 01:32:34.239 I'm not going to want about it because I just 1712 01:32:34.520 --> 01:32:36.840 you know, have upset to militia made I know something 1713 01:32:36.880 --> 01:32:38.600 like this I'm not going to purch it, right. 1714 01:32:38.600 --> 01:32:41.800 So now I'm saying that that's fally, that's if if 1715 01:32:41.960 --> 01:32:44.159 points as now that was one thing that you know, 1716 01:32:44.279 --> 01:32:46.439 you see, Maybe I think that. 1717 01:32:46.439 --> 01:32:50.640 Maybe it's because of the prevailing level of producting we 1718 01:32:50.720 --> 01:32:53.439 have most families, you know, the issue just trying. 1719 01:32:53.199 --> 01:32:55.039 To really get food to me. 1720 01:32:55.079 --> 01:32:58.000 It's nobody really is thinking of training that you're bring on, 1721 01:32:58.159 --> 01:33:00.319 invests in training that children know out of you with 1722 01:33:00.840 --> 01:33:03.199 our value works, you know, most people are just thinking 1723 01:33:03.239 --> 01:33:05.880 of the next mail, Facebook all of that. 1724 01:33:06.000 --> 01:33:10.159 So maybe that's I hear because so look at my point, 1725 01:33:10.159 --> 01:33:13.159 everybody wants to play soccer because we know folks that 1726 01:33:13.199 --> 01:33:17.319 are making money from soccer, right yes, so when we 1727 01:33:17.439 --> 01:33:19.960 know put making money from crypto. So that's really the 1728 01:33:20.119 --> 01:33:23.319 message has been distorted at the street level because we 1729 01:33:23.439 --> 01:33:25.880 are not getting through to those young folks who say 1730 01:33:25.920 --> 01:33:28.359 this is not the way. It's the same. So I 1731 01:33:28.479 --> 01:33:28.720 hear you. 1732 01:33:28.800 --> 01:33:31.560 I'm just being you know, or maybe not exactly this 1733 01:33:31.720 --> 01:33:34.560 is not the way, but telling them to get you know, 1734 01:33:34.680 --> 01:33:37.880 do your research, your teaching them out to do their 1735 01:33:37.960 --> 01:33:41.399 research out it's possible to be It's possible to a 1736 01:33:41.479 --> 01:33:43.159 young kid to you know, grow up to become like 1737 01:33:43.239 --> 01:33:46.479 pushing me right, that's not what do your research and 1738 01:33:46.560 --> 01:33:48.840 what does it take gotcha to do it? What I 1739 01:33:48.920 --> 01:33:51.800 do thinks I need to put in, not that, oh 1740 01:33:51.880 --> 01:33:54.760 I'm not training it and it happen. Ahead, do your 1741 01:33:54.800 --> 01:33:58.840 research to find out. I just wanted to add some 1742 01:33:59.239 --> 01:33:59.880 state contents. 1743 01:34:00.239 --> 01:34:03.479 Just be back to the data. Going to conversation too. 1744 01:34:04.039 --> 01:34:06.560 And I can't figure out why he repairs for less 1745 01:34:06.600 --> 01:34:12.319 two comes than any other set of people in different continents. 1746 01:34:12.520 --> 01:34:17.039 And if you understand if one of the advantage American 1747 01:34:17.199 --> 01:34:19.399 has is that that's by the fact that it's a 1748 01:34:19.880 --> 01:34:21.359 highly matriority to society. 1749 01:34:21.760 --> 01:34:23.039 Personal finance is quite high. 1750 01:34:23.039 --> 01:34:26.039 I think it is that that suws that about American 1751 01:34:26.479 --> 01:34:27.800 understand personal finance. 1752 01:34:27.960 --> 01:34:29.479 So that is quite high. 1753 01:34:29.960 --> 01:34:32.279 But if you look at Europeans, for example, my dad 1754 01:34:32.319 --> 01:34:36.880 is is lower and even as it's going in Germany, 1755 01:34:37.119 --> 01:34:40.119 it's not too popular even in the Western world when 1756 01:34:40.199 --> 01:34:42.720 you talk about other compared to many things. 1757 01:34:42.800 --> 01:34:44.279 And the question is you. 1758 01:34:44.399 --> 01:34:48.399 See that it's very difficult for you to come in 1759 01:34:48.680 --> 01:34:51.880 on Lamborguinea driving on this day is the same. All 1760 01:34:51.960 --> 01:34:55.159 the thing is to sell investment products to an average 1761 01:34:55.199 --> 01:34:57.359 Frenchman or German or despite the. 1762 01:34:57.399 --> 01:35:01.680 Fact that everyone stays good. So you now come back 1763 01:35:01.720 --> 01:35:02.319 to Nigeria. 1764 01:35:02.680 --> 01:35:04.600 So I don't just want to agree with the fact 1765 01:35:04.600 --> 01:35:07.039 that provacts because I used to agree is that the 1766 01:35:07.119 --> 01:35:10.279 country is poor because look at the average guy talking 1767 01:35:10.319 --> 01:35:12.800 on bitter people invest that has some When putting for 1768 01:35:12.920 --> 01:35:16.760 six thousand, hired a lawyer putting for thousand, I hid 1769 01:35:16.800 --> 01:35:20.640 a finished child professional that works in a top investment 1770 01:35:20.720 --> 01:35:23.600 band because this one is he puts seven on a DM. 1771 01:35:23.960 --> 01:35:28.000 You know, yes to. 1772 01:35:28.319 --> 01:35:30.399 Someone that was this is not somebody that this is 1773 01:35:30.439 --> 01:35:34.119 someone that has tops applications. So the question to me 1774 01:35:34.399 --> 01:35:37.640 was like, because I tried to figure out why we 1775 01:35:38.039 --> 01:35:39.880 keep for the into this job. So the question the 1776 01:35:39.960 --> 01:35:43.560 context is that you see, that's why I found out 1777 01:35:43.760 --> 01:35:46.760 this kid's making and all this said Lambug in his 1778 01:35:46.880 --> 01:35:49.520 toes that I can't look out the strategy to different example, 1779 01:35:50.039 --> 01:35:50.319 and so. 1780 01:35:50.359 --> 01:35:53.680 Why he's crying and so whats his dreams? You know? 1781 01:35:54.119 --> 01:35:57.399 And we now can win problems now coming you want? 1782 01:35:57.479 --> 01:36:01.239 So it Max, the separation is better than cure. You see, 1783 01:36:01.359 --> 01:36:07.199 you cannot read a society that shoes so much. Effects 1784 01:36:07.720 --> 01:36:12.079 shoes get rich too fast. It sell people that even 1785 01:36:12.119 --> 01:36:13.840 though they are intel jam. But because they don't have 1786 01:36:14.039 --> 01:36:16.439 much to show forward. You may them look like loser, 1787 01:36:17.279 --> 01:36:19.720 make women look like trophies. You know, you see, it 1788 01:36:20.760 --> 01:36:22.880 all takes to all this time. 1789 01:36:23.119 --> 01:36:25.760 And that's why I said, I see. I like. 1790 01:36:26.000 --> 01:36:28.640 That's why I like reading New York Times and working 1791 01:36:28.720 --> 01:36:32.800 journel because when you read economists top agnoledge, they don't 1792 01:36:32.800 --> 01:36:36.920 per perform and they perform Uwal perspective because you see, 1793 01:36:36.920 --> 01:36:39.399 because well with imagine people. 1794 01:36:39.199 --> 01:36:41.720 Human business, no one person. You need to understand why 1795 01:36:42.000 --> 01:36:44.399 gans I kind of aggressive when it comes to money. 1796 01:36:44.600 --> 01:36:47.479 Why you like when it comes to money when it's 1797 01:36:47.560 --> 01:36:50.319 not because we are back in society, so we need 1798 01:36:50.399 --> 01:36:51.359 to start looking at. 1799 01:36:51.800 --> 01:36:52.399 Why is it? 1800 01:36:52.640 --> 01:36:55.920 Because you can't be watching if they st start twenty 1801 01:36:55.920 --> 01:36:57.920 four hours and expect to understand sec. 1802 01:37:00.239 --> 01:37:04.000 You could go there. Yeah, I'm trying to. 1803 01:37:04.359 --> 01:37:07.319 I'm just trying to because to be honestly that we 1804 01:37:07.439 --> 01:37:10.039 also have our room because we're really need to check 1805 01:37:10.079 --> 01:37:10.680 ourselves to that. 1806 01:37:12.159 --> 01:37:14.119 Let me ask you, do you have the data for 1807 01:37:14.279 --> 01:37:17.000 Kenny Kenya is almost like manjer we have English speaking 1808 01:37:17.159 --> 01:37:20.439 young it t people. Do they also fall victim to 1809 01:37:20.520 --> 01:37:22.199 this thing? Yeah? 1810 01:37:22.239 --> 01:37:25.640 Yeah, yeah, so people are patterns of Kings and Nigerias 1811 01:37:25.680 --> 01:37:27.159 are kind of see that's bad notice. 1812 01:37:27.520 --> 01:37:30.319 And if you look at the you know, desperate, the 1813 01:37:30.359 --> 01:37:33.199 fact that we're just speaking. We kind of loved similar 1814 01:37:33.279 --> 01:37:34.039 demogram based on. 1815 01:37:35.640 --> 01:37:39.760 The bes that I don't know about their financial I 1816 01:37:39.840 --> 01:37:43.159 don't know, but I feel that we are kind of 1817 01:37:43.239 --> 01:37:45.720 similar in so many things. But if you look at 1818 01:37:45.840 --> 01:37:48.279 use that film for its calue, there were middle class people. 1819 01:37:48.520 --> 01:37:51.079 Many of people that I saw, people don't the past. 1820 01:37:51.119 --> 01:37:55.119 People were not really present people. People that could have fard. 1821 01:37:56.920 --> 01:37:58.520 Are put to the minimum, which they were doing the 1822 01:37:58.600 --> 01:38:02.600 same jobs like people are managers. Because for you to 1823 01:38:03.000 --> 01:38:05.760 be able to want to dollars, you're not poor. In 1824 01:38:05.880 --> 01:38:07.199 agial content are not poor. 1825 01:38:07.439 --> 01:38:10.920 Most you can afford to transa the dollar. They're not 1826 01:38:11.000 --> 01:38:18.000 point that everybody invests debates was not poor. That's true 1827 01:38:18.079 --> 01:38:21.479 with that argument. The next one again is that anybody. 1828 01:38:21.119 --> 01:38:23.680 That invested effects was not really a nutrients because you 1829 01:38:23.760 --> 01:38:26.560 need some form of educational to understand that you used 1830 01:38:26.560 --> 01:38:29.000 to send to set an address you go to get 1831 01:38:29.319 --> 01:38:31.239 So it's not the literation level, but. 1832 01:38:31.479 --> 01:38:33.720 The arica the culture. 1833 01:38:34.279 --> 01:38:37.840 And you see the government really needs look because I've 1834 01:38:37.880 --> 01:38:41.399 always said that if we keep accoming to my Americans, 1835 01:38:41.560 --> 01:38:46.000 we have a way of specified man. If you look 1836 01:38:46.039 --> 01:38:49.399 at Flan, if you are a great thinker, you reaverse American. 1837 01:38:49.520 --> 01:38:51.640 Those that have pri you have a special America. If 1838 01:38:51.640 --> 01:38:54.720 their posician, you have special America. Everybody has in America. 1839 01:38:54.800 --> 01:38:58.199 No body is done good. That's a society in Nigeria. 1840 01:38:58.520 --> 01:39:02.079 It's really about who the money, who has the coins? 1841 01:39:02.119 --> 01:39:05.880 Who has I don't think so. I think we really 1842 01:39:05.880 --> 01:39:08.279 need to go to the roots before we start. That's 1843 01:39:08.359 --> 01:39:08.840 my own pill. 1844 01:39:09.239 --> 01:39:11.800 Interesting, let me think that that's good insights, gool good one. 1845 01:39:11.840 --> 01:39:17.520 That's for me? How you doing for me? For thank 1846 01:39:17.560 --> 01:39:20.399 you very much. Yeah, I'm doing that. I'm very very 1847 01:39:20.520 --> 01:39:23.520 very good. I'm gonna lit this just a little bit. 1848 01:39:24.640 --> 01:39:29.880 So Alcott like what I say is one education one 1849 01:39:31.359 --> 01:39:35.119 so the average see how people. 1850 01:39:34.880 --> 01:39:37.920 Go to church so much because everyone needs a miracle. 1851 01:39:38.760 --> 01:39:43.119 I'm like, because the same women think you've made. 1852 01:39:43.000 --> 01:39:48.319 A miracle where one dred we're you know that's the 1853 01:39:48.359 --> 01:39:52.439 same way you think of it? Work that will if 1854 01:39:52.479 --> 01:39:55.760 I put this money in then you know me personally, 1855 01:39:55.920 --> 01:40:00.520 I've never fear the follow fork because I've been investing 1856 01:40:00.560 --> 01:40:04.720 and stuff my destines like since like eighteen, like on 1857 01:40:04.880 --> 01:40:08.920 the seen out the Top broker and the last time 1858 01:40:09.159 --> 01:40:12.960 that illegals, I was already so like as already familiar 1859 01:40:13.079 --> 01:40:17.640 with programs and you know, you know, be studying. 1860 01:40:17.279 --> 01:40:20.720 On trying to understand finance and naturally not your financially 1861 01:40:20.760 --> 01:40:23.479 find aspect of life. So I already know what is 1862 01:40:23.880 --> 01:40:27.640 count skin look like starting if I hate if I 1863 01:40:27.720 --> 01:40:29.960 ever played at the new point that when you time, 1864 01:40:30.000 --> 01:40:31.960 I let me business and you know and the DJ 1865 01:40:32.119 --> 01:40:34.880 dyn see you know your capital because I know, hey, 1866 01:40:34.960 --> 01:40:37.600 I can't find it and nucle did this to source 1867 01:40:37.680 --> 01:40:38.800 you out or whatever whatever. 1868 01:40:39.359 --> 01:40:43.039 So when people so when you think about it, when people, 1869 01:40:43.920 --> 01:40:47.439 uh believe if I put this money out that people 1870 01:40:47.680 --> 01:40:51.079 under present or whatever percent in two month, three months, 1871 01:40:51.720 --> 01:40:53.640 definitely know my want. 1872 01:40:53.720 --> 01:40:58.239 And I said into the city and circudly creates start right, 1873 01:40:59.479 --> 01:41:02.039 olimited Sames. So the guys that invested were middle class 1874 01:41:02.159 --> 01:41:06.880 folks that were educated well kind of kind of middle class. 1875 01:41:08.920 --> 01:41:11.880 The fact that the fact so we always to we 1876 01:41:11.920 --> 01:41:14.680 always look the one interested kind of make the blankets. 1877 01:41:15.079 --> 01:41:17.920 But it's not necessarily black bed that, okay, because because 1878 01:41:17.960 --> 01:41:21.239 someone a neuter, it means that that person that didn't 1879 01:41:21.279 --> 01:41:23.880 be able school or you could I'm an I could 1880 01:41:23.880 --> 01:41:27.760 really train in the fields and the expecting none of 1881 01:41:27.800 --> 01:41:32.399 that fields get So if you're the fact that we 1882 01:41:32.560 --> 01:41:37.520 dispress works today, man taking little siding money of getting 1883 01:41:37.600 --> 01:41:38.680 clients doesn't mean. 1884 01:41:38.640 --> 01:41:40.800 That they are. That's not when it comes to the vesting, 1885 01:41:41.079 --> 01:41:41.479 I got you. 1886 01:41:42.640 --> 01:41:46.319 Yeah, And the fact that no one time turns out 1887 01:41:46.359 --> 01:41:50.000 to dollars that I know whoman who bought who. 1888 01:41:51.039 --> 01:41:51.479 She brought it? 1889 01:41:51.560 --> 01:41:53.960 There my four thousand, the others when they went out crazy, 1890 01:41:54.680 --> 01:41:55.479 I don't think it's done. 1891 01:41:55.680 --> 01:41:59.239 Been able to cross create twenty five understand them, so 1892 01:41:59.399 --> 01:41:59.760 you see it. 1893 01:41:59.840 --> 01:42:02.479 So doesn't necessarily mean that you are not still a 1894 01:42:02.640 --> 01:42:07.039 literating the seals that they're trying to venture quickly, let's play. 1895 01:42:06.880 --> 01:42:09.279 Give my possibility, but we gotta we gotta go. 1896 01:42:09.560 --> 01:42:12.359 What is the what is the what is the what 1897 01:42:12.560 --> 01:42:14.520 is the chances though you're taking the door that's the day, 1898 01:42:15.000 --> 01:42:16.880 What is the chances that that door like goldn't be 1899 01:42:16.920 --> 01:42:18.479 able to balance the value tomorrow. 1900 01:42:20.000 --> 01:42:23.079 Let's and when you look at it. And that's the 1901 01:42:23.119 --> 01:42:25.079 reason why I will never tell anyone. 1902 01:42:24.920 --> 01:42:28.119 To invest in cryptical ancy, because there's no value that 1903 01:42:28.359 --> 01:42:29.319 actually all. 1904 01:42:29.319 --> 01:42:38.600 Its own speculation. Who no, No, that's that's that's your opinion. 1905 01:42:38.640 --> 01:42:45.279 I hear you perfect hold on, Let's get day. Use 1906 01:42:45.319 --> 01:42:52.279 days has been here for a while. Day us daus day. 1907 01:42:52.800 --> 01:43:03.119 That's the every ready, let's get itched and thank you 1908 01:43:03.239 --> 01:43:06.600 for this opportunity and lumit the thank you guys. 1909 01:43:07.560 --> 01:43:10.600 I want to first of all appreciate you guys for 1910 01:43:10.760 --> 01:43:14.680 holding this kind of space because I believe as many 1911 01:43:14.720 --> 01:43:21.119 people listening, hopefully it will begin to get people to 1912 01:43:21.279 --> 01:43:24.800 understand these schemes more and try to avoid them in 1913 01:43:24.880 --> 01:43:28.600 the future. Okay, so quickly to address the topic you said, 1914 01:43:29.199 --> 01:43:30.000 identifying and. 1915 01:43:30.319 --> 01:43:32.479 Avoiding pansyng pyramid schemes. 1916 01:43:33.119 --> 01:43:35.720 Okay, I think one of the A lot has been 1917 01:43:35.800 --> 01:43:39.319 said and a lot of points I've been raised. So 1918 01:43:39.640 --> 01:43:42.199 just what I wanted to add as well is what 1919 01:43:42.720 --> 01:43:46.439 you know has formal fear of missing out. You know, 1920 01:43:46.600 --> 01:43:51.560 when people see their friends or their family members pushing 1921 01:43:51.920 --> 01:43:56.039 something showing proof like you've said, and they really want 1922 01:43:56.119 --> 01:44:00.520 to king, especially in our society where a lot of 1923 01:44:00.640 --> 01:44:02.359 people there's. 1924 01:44:02.199 --> 01:44:05.800 A lot of poverty actually in the land. Then I 1925 01:44:05.880 --> 01:44:07.119 want to also. 1926 01:44:07.119 --> 01:44:13.079 Say that you know that film now is also another 1927 01:44:13.279 --> 01:44:16.960 term is like people when we talk about financial literacy 1928 01:44:17.479 --> 01:44:18.680 or financial education. 1929 01:44:19.399 --> 01:44:22.800 From my personal experience, I've seen that people are. 1930 01:44:22.760 --> 01:44:27.000 Not really willing to invest the time to learn about 1931 01:44:27.039 --> 01:44:31.720 the basics of investing, like personal lands, all those kind 1932 01:44:31.760 --> 01:44:36.239 of things. Many times I invest in it so like 1933 01:44:37.760 --> 01:44:40.079 I would come myself like an average investor. Both in 1934 01:44:40.199 --> 01:44:45.399 knowledge and the tens have delved into so many people. 1935 01:44:45.760 --> 01:44:48.560 Many a times people ask you to tell them what 1936 01:44:48.720 --> 01:44:53.760 to invest in rather than learning how to studying, maybe 1937 01:44:53.880 --> 01:44:57.279 study a company, maybe to perform some fundamental analysis. 1938 01:44:57.840 --> 01:45:02.399 You know, people need to know that building world for 1939 01:45:02.560 --> 01:45:05.079 the long term requires time. 1940 01:45:05.399 --> 01:45:09.039 You know, they need to learn the basics like compound interest, 1941 01:45:09.439 --> 01:45:12.640 like the value of compounding over a long time. You know, 1942 01:45:12.720 --> 01:45:15.960 it takes time to build something that sustainable. And then 1943 01:45:16.399 --> 01:45:20.159 I also like to say one thing. You know, I've 1944 01:45:20.199 --> 01:45:22.319 heard a lot of people talk about sex, you know, 1945 01:45:23.439 --> 01:45:29.159 as if it's a panechea like something that we actually 1946 01:45:30.199 --> 01:45:34.279 prevent this kind of scamps from happening. But I want 1947 01:45:34.359 --> 01:45:37.560 to tell you that if I'm sure of coming you 1948 01:45:37.640 --> 01:45:41.079 are familiar with the mode of investment scandal in the US. 1949 01:45:42.359 --> 01:45:48.079 They are in they are the guys, the companies or 1950 01:45:48.159 --> 01:45:51.000 whatever he was putting together. Then a lot of people 1951 01:45:51.079 --> 01:45:55.680 invested in it and they were fully sex certified, you know. 1952 01:45:56.640 --> 01:46:00.279 You know, it's also the keating I believe is that 1953 01:46:00.720 --> 01:46:06.359 if you need to castious, you need to take your 1954 01:46:06.479 --> 01:46:11.760 time to study any opportunity that comes. My My guiding 1955 01:46:11.840 --> 01:46:16.439 principle is that when a lot of people something, Yeah, 1956 01:46:16.479 --> 01:46:18.960 when a lot of people are pushing something, you know, 1957 01:46:19.119 --> 01:46:21.720 there are a lot of crowd, I feel already that 1958 01:46:22.119 --> 01:46:25.119 I've lost the you know, the game there because I 1959 01:46:25.680 --> 01:46:28.119 think there are more opportunities when maybe. 1960 01:46:29.880 --> 01:46:34.840 Something is not much knowledge, you know. Yeah, So that's 1961 01:46:34.960 --> 01:46:35.520 just thank you. 1962 01:46:35.640 --> 01:46:39.119 Very much for the opportunity you guys, I mean, guys, 1963 01:46:40.039 --> 01:46:42.159 hold up, if I just journey, we're just trying to 1964 01:46:42.279 --> 01:46:46.319 talk about the pond schemes, good Nigeria, big one just 1965 01:46:46.439 --> 01:46:48.119 blew up and we'll give a few tips. 1966 01:46:48.159 --> 01:46:50.920 If just go through the tips we give at the 1967 01:46:51.039 --> 01:46:53.720 very top right with the number one, make sure it's 1968 01:46:53.720 --> 01:46:57.640 sex registered one miss sex registered. Both the company and 1969 01:46:57.800 --> 01:47:00.880 the product have got to be seck registered. Yeah. We 1970 01:47:01.000 --> 01:47:04.439 also said, when you hear a high returned investment a 1971 01:47:04.560 --> 01:47:07.479 high ap y, you're in a very very careful How 1972 01:47:07.560 --> 01:47:10.239 high is high? How far away is it from the 1973 01:47:10.439 --> 01:47:13.439 risk free rate? If it's too far, it's probably a 1974 01:47:13.560 --> 01:47:16.760 red flag you want to basically take. But a more 1975 01:47:17.600 --> 01:47:21.079 look deeper. If we say, if someone tells you I'm 1976 01:47:21.159 --> 01:47:24.399 giving you a guaranteed return, that means it's selling you 1977 01:47:24.520 --> 01:47:27.319 a bond. No matter how it's couched, it's a bond. 1978 01:47:27.399 --> 01:47:29.239 If it's a bond, you want to find out how 1979 01:47:29.239 --> 01:47:30.720 you're going to pay back this bond. You have a 1980 01:47:30.800 --> 01:47:33.159 sinking fund or are you going to sell something to 1981 01:47:33.199 --> 01:47:36.560 pay me back? Ask those questions, hear what they say, 1982 01:47:37.039 --> 01:47:39.840 see that makes sense to you. Also, there's no insurance 1983 01:47:40.399 --> 01:47:43.239 for investment losses, and anyone telling you if you invested 1984 01:47:43.359 --> 01:47:46.479 us you can buy insurance against the loss doesn't exist. 1985 01:47:46.560 --> 01:47:49.720 So that's also a red flag for you. Why you 1986 01:47:49.760 --> 01:47:53.119 want to pay, use checks or transfer and pay the 1987 01:47:53.159 --> 01:47:55.399 ideas to create a paper trail for yourself. So if 1988 01:47:55.439 --> 01:47:58.359 thating happens, your name is in the system that you 1989 01:47:58.439 --> 01:48:01.399 give those folks money. That's also going to help you 1990 01:48:01.920 --> 01:48:04.560 get the money back. At least read the prospectors what 1991 01:48:04.720 --> 01:48:06.880 they give you. Read it to keep a copy right 1992 01:48:06.960 --> 01:48:10.399 true to you have advisor. Ask if it's something you 1993 01:48:10.479 --> 01:48:13.039 want to invest in you know, and again verify the 1994 01:48:13.159 --> 01:48:18.560 investments on the sex website. Invest in people. There are 1995 01:48:18.600 --> 01:48:21.239 no friends in investing writing because your friends are investing 1996 01:48:21.359 --> 01:48:24.560 doesn't mean you should invest, and of course avoid greed. 1997 01:48:24.640 --> 01:48:26.520 So if you think that you just want to follow, 1998 01:48:26.600 --> 01:48:29.520 it's not going to be a superstar. Don't just keep 1999 01:48:29.560 --> 01:48:32.680 it simple, really, guys. If it smells like a dog, 2000 01:48:33.239 --> 01:48:35.479 walks like a dog, it's a dog. Right. If it 2001 01:48:35.520 --> 01:48:39.119 looks like ponz talk like Ponzi, it's ponz don't over 2002 01:48:39.119 --> 01:48:43.680 analyze it. Just move on. Right, Okay, what desk two? 2003 01:48:43.760 --> 01:48:51.399 How do sir? You've got a plus modest two? More's 2004 01:48:51.439 --> 01:48:56.560 two robots going once, going twice? That's hello, ellos? Is 2005 01:48:56.640 --> 01:49:00.520 it go ahead? Good evening. 2006 01:49:02.159 --> 01:49:06.199 This has been a wonderful space, and I would like 2007 01:49:06.319 --> 01:49:08.920 to say that most of the things I wanted to say, 2008 01:49:09.119 --> 01:49:13.199 A lot of people have mentioned a fable, Lumidia and 2009 01:49:13.840 --> 01:49:16.680 a good number, so I would just try to break 2010 01:49:16.760 --> 01:49:19.600 it down and be very bif about it. I've beken 2011 01:49:19.680 --> 01:49:24.239 two things Reasin for fallings on this for discipons, they schemes, 2012 01:49:24.439 --> 01:49:29.159 and then little on sick right on the first is 2013 01:49:30.000 --> 01:49:33.279 I really believe grid is a very big part of it. 2014 01:49:34.319 --> 01:49:39.880 Why because of two things, first knowledge, second historic house. 2015 01:49:40.319 --> 01:49:45.479 Now starting with the second historic houses, looking at what 2016 01:49:45.720 --> 01:49:49.760 has previously happened in the market, a lot of similar 2017 01:49:50.039 --> 01:49:54.039 schemes that have come out the same, return the same, 2018 01:49:54.359 --> 01:49:56.880 almost the same everything, eliminal citizen everything right. 2019 01:49:57.720 --> 01:50:02.479 So and you would agree with me that most people. 2020 01:50:02.319 --> 01:50:08.119 That are involved in these adults which mostly are modern teenagers. 2021 01:50:08.479 --> 01:50:12.920 So you count back and record has to when they 2022 01:50:13.720 --> 01:50:16.479 the very very first popular hours happened. And you know 2023 01:50:16.600 --> 01:50:20.119 that these people have been in this market enough to 2024 01:50:20.159 --> 01:50:23.159 know that this is how these things happened, and this 2025 01:50:23.239 --> 01:50:24.560 is how they return to come out. 2026 01:50:25.039 --> 01:50:29.439 O knowledge is I really don't believe it's eating of. 2027 01:50:31.039 --> 01:50:37.880 Literacy or anything, right, just a little personal info. I 2028 01:50:38.000 --> 01:50:43.600 work in investment management and business performance. Before I entered that, right. 2029 01:50:45.399 --> 01:50:48.479 Or as I've entered investment management. One thing I I've 2030 01:50:48.560 --> 01:50:49.680 come to understand is that. 2031 01:50:51.319 --> 01:51:01.039 Understanding investment doesn't really who make house off and technical 2032 01:51:01.199 --> 01:51:05.560 stuff because when we talk about literacy here, it's basic. 2033 01:51:05.359 --> 01:51:07.279 Maths one plus one. 2034 01:51:07.640 --> 01:51:10.720 Because and I'm glad that lots of people here have 2035 01:51:10.880 --> 01:51:13.760 mentioned mentioned asking the. 2036 01:51:13.840 --> 01:51:16.359 Very busy questions, which are one of the things you listed, 2037 01:51:17.319 --> 01:51:19.479 asking the very very very busy questions. 2038 01:51:20.119 --> 01:51:22.800 And like one of our senior people would always say, 2039 01:51:24.079 --> 01:51:28.239 if it doesn't make common sense, it would not make 2040 01:51:28.319 --> 01:51:29.239 technical sense. 2041 01:51:29.960 --> 01:51:35.079 Forget it. So if you cannot ask that very very busy. 2042 01:51:34.920 --> 01:51:38.399 Question and know that, oh this does not make it 2043 01:51:38.520 --> 01:51:45.039 one plus one sense, then it's not something of knowledge, right, And. 2044 01:51:47.880 --> 01:51:50.000 I think is also eating of discipline. 2045 01:51:51.279 --> 01:51:53.680 And I know one thing that also drives it is 2046 01:51:54.319 --> 01:51:57.920 thinking of, oh let me do this area and get 2047 01:51:58.279 --> 01:51:59.279 and get get off. 2048 01:51:59.640 --> 01:52:03.079 So it's not of something of the victim of that 2049 01:52:03.239 --> 01:52:03.720 kind of thing. 2050 01:52:05.520 --> 01:52:08.439 I would believe that most people getting involved in this thing, 2051 01:52:09.199 --> 01:52:12.039 the the they have an at least an inkling. 2052 01:52:12.640 --> 01:52:14.800 It's just maybe also the. 2053 01:52:14.920 --> 01:52:20.319 Discipline of keep keep keep your money one place, like 2054 01:52:21.000 --> 01:52:22.600 help keep your hand one place. 2055 01:52:23.399 --> 01:52:26.239 So it's it's that thing of discipline too. On the 2056 01:52:26.319 --> 01:52:30.920 second one is sick. I also believe that Hello, we're 2057 01:52:30.920 --> 01:52:35.520 gonna move on. It said very quick. Yeah you're thinking, yeah, 2058 01:52:35.520 --> 01:52:37.680 you've You're taken about the three minutes I usually give. 2059 01:52:38.199 --> 01:52:40.960 So I put you the comments right, perfect, Let's get 2060 01:52:41.039 --> 01:52:42.600 Joe boy. Hello, thanks so much? Joy? 2061 01:52:42.640 --> 01:52:43.000 What's up? 2062 01:52:44.000 --> 01:52:51.239 Joy? Did you do? Did you? Doebs? Now you say 2063 01:52:52.199 --> 01:52:54.399 what was wrong with seabecks? If someone came to you 2064 01:52:54.479 --> 01:52:56.319 and said I could give you a hundred percent in 2065 01:52:56.439 --> 01:53:00.960 one month, what's wrong with that? Not his experience? 2066 01:53:01.239 --> 01:53:03.479 Like I was a guy that in mment, so I 2067 01:53:03.840 --> 01:53:07.399 understood things from the right perspective because you. 2068 01:53:07.439 --> 01:53:10.199 Know, once once before the play, once you know you 2069 01:53:10.279 --> 01:53:14.920 shouldn't fall, it's a good time. You felt it at 2070 01:53:16.520 --> 01:53:17.800 that's what you got your strife from. 2071 01:53:18.520 --> 01:53:21.319 It is I didn't want to loose because I was 2072 01:53:21.359 --> 01:53:22.880 a guy there and all of that. So a lot 2073 01:53:22.920 --> 01:53:25.159 of times we got money from bonosis and all of that, 2074 01:53:25.319 --> 01:53:28.199 but then a lot of the people you encouraged to. 2075 01:53:28.279 --> 01:53:30.119 Do the the most. So it became me. You know, 2076 01:53:30.760 --> 01:53:32.880 it's plus one minus one. 2077 01:53:33.039 --> 01:53:39.560 So that's where the problem is perfect, okay, So let 2078 01:53:39.600 --> 01:53:41.600 me start with some experience I got there. 2079 01:53:41.680 --> 01:53:44.359 There was this particular video that they shoot us and 2080 01:53:44.399 --> 01:53:45.960 they never asked us anything. 2081 01:53:45.720 --> 01:53:47.479 In doing guy that's school about it. 2082 01:53:47.680 --> 01:53:49.920 It was about fleas in a jar, and it was 2083 01:53:49.960 --> 01:53:52.000 about you know, if you lock fleas up in a 2084 01:53:52.119 --> 01:53:52.399 jar for. 2085 01:53:52.520 --> 01:53:54.920 Long enough, when you opened the cover of the league, 2086 01:53:55.479 --> 01:53:57.880 the flea would not fly. It is not fly above 2087 01:53:58.600 --> 01:54:01.079 that lead. So I cant don't thinking about it. What 2088 01:54:01.359 --> 01:54:02.079 was the meaning of that? 2089 01:54:02.359 --> 01:54:05.359 And the reality is that a lot of people that 2090 01:54:05.520 --> 01:54:10.760 fall into these schemes have their minds filled in such 2091 01:54:10.800 --> 01:54:13.880 a jab that they cannot think about it. That's what 2092 01:54:14.039 --> 01:54:16.960 I see in most times because when MMM went down, 2093 01:54:17.479 --> 01:54:18.359 there was an evolution. 2094 01:54:18.720 --> 01:54:21.920 He went into a lot of Telegram ad jobs, sorry 2095 01:54:22.479 --> 01:54:24.640 telegram point these schemes. 2096 01:54:25.199 --> 01:54:28.199 You know when I say telegram, that is people. 2097 01:54:28.039 --> 01:54:31.119 Were actually doing with Telegram groups and a lot of 2098 01:54:31.159 --> 01:54:33.960 that not meaning that Telegram was actually part of it 2099 01:54:34.079 --> 01:54:36.439 as a business or his social media platform. 2100 01:54:36.560 --> 01:54:38.520 So it happened. 2101 01:54:39.600 --> 01:54:42.399 You know a lot of them started field and then 2102 01:54:42.640 --> 01:54:44.920 what was the thinking the mindset. 2103 01:54:44.560 --> 01:54:48.520 Of the people participating Eli b elie b eli. 2104 01:54:48.640 --> 01:54:50.840 So when a new scheme comes out, they think of 2105 01:54:51.039 --> 01:54:54.239 how long as they're not Once it's been more than 2106 01:54:54.279 --> 01:54:56.640 a month, they say, no journey, it's a crash. So 2107 01:54:57.319 --> 01:55:00.319 when it's a wee could a short time, they won't joint. 2108 01:55:00.399 --> 01:55:02.600 So don't be surprised. Another will pop up. 2109 01:55:02.600 --> 01:55:05.760 And people will joint because the mindset still comes from 2110 01:55:06.479 --> 01:55:08.000 if I'm early, I'm able to. 2111 01:55:09.680 --> 01:55:12.680 Retual a lot of money, and when I've got gott. 2112 01:55:12.439 --> 01:55:17.199 In my capital back, I recycle the profit into the scheme. 2113 01:55:17.399 --> 01:55:20.279 That's how a lot of people that do this theme thing. 2114 01:55:20.920 --> 01:55:21.960 Then at the. 2115 01:55:22.039 --> 01:55:27.399 Point everything went down, people started going into real business. Okay, 2116 01:55:27.479 --> 01:55:30.399 that I mean like doing point these schemes with regital 2117 01:55:30.479 --> 01:55:36.560 business names, trying to use those those certificates of incorporation 2118 01:55:36.840 --> 01:55:40.359 and all those things as you know, some kind of 2119 01:55:40.640 --> 01:55:42.600 validation to to separate. 2120 01:55:42.800 --> 01:55:46.119 Them from other point of the schemes. But the same 2121 01:55:46.199 --> 01:55:47.199 thing is happening. 2122 01:55:47.640 --> 01:55:52.039 I remember it is excessy was something like this people 2123 01:55:52.119 --> 01:55:55.039 brought in to me. I said, this is a football 2124 01:55:55.119 --> 01:56:01.479 betting thing. Technically does it have a betting like? I said, No, 2125 01:56:01.720 --> 01:56:04.119 you don't need that, you don't need that journeally, you know, 2126 01:56:04.359 --> 01:56:07.119 it's the same mindset that happened them for me, I'm 2127 01:56:07.159 --> 01:56:09.760 not going to be surprised many people will continue to 2128 01:56:10.079 --> 01:56:14.920 folk create to a lot of these schemes because not 2129 01:56:15.039 --> 01:56:17.680 because they don't have knowledge or anything. It's because of 2130 01:56:17.720 --> 01:56:19.880 that mindset and they do not really nate to Nigeria. 2131 01:56:20.359 --> 01:56:23.600 A lot of international people also engage a lot of 2132 01:56:23.680 --> 01:56:25.640 these things. I know your friend I was telling recently 2133 01:56:26.199 --> 01:56:28.840 of one of these schemes I engage in an inlet 2134 01:56:28.880 --> 01:56:32.000 a guy who is in Journey that invested over eighty 2135 01:56:32.119 --> 01:56:35.239 thousand dollars in those type of schemes. 2136 01:56:35.239 --> 01:56:37.479 So they've been jumping around from one to the other, 2137 01:56:38.319 --> 01:56:40.319 and every time I chat him up he's in one 2138 01:56:40.399 --> 01:56:41.960 new scheme or the other. 2139 01:56:42.159 --> 01:56:45.199 All these guys take all these resources and you know, 2140 01:56:45.600 --> 01:56:49.239 they continue to move in that way. The region I 2141 01:56:49.279 --> 01:56:50.640 say is a lot of people have heard, is that 2142 01:56:50.720 --> 01:56:54.479 there's actually a lot of regulations that prevents people from. 2143 01:56:56.399 --> 01:56:58.239 You know, getting this kind of mass adoption. 2144 01:56:58.399 --> 01:57:00.119 I think the mistake of this type of scheme that 2145 01:57:00.279 --> 01:57:03.560 it should have been called ALI should have investigated al 2146 01:57:04.279 --> 01:57:05.720 You know, if you try this kind of thing in 2147 01:57:05.840 --> 01:57:08.159 all the developed countries, a lot of times we gots 2148 01:57:08.199 --> 01:57:10.479 quickly can turn to it. In fact, the first thing 2149 01:57:10.520 --> 01:57:13.279 that what happened is that the website will be will 2150 01:57:13.319 --> 01:57:15.720 be you know, to be gone within a few days. 2151 01:57:16.239 --> 01:57:20.239 But in Nigeria, here you'll find it special way home. Politicians, 2152 01:57:20.319 --> 01:57:22.920 government workouts are part of this game. 2153 01:57:23.399 --> 01:57:25.880 I was surprised to see that SEC actually advertised on 2154 01:57:25.920 --> 01:57:28.479 the radio station sending Apple to Evy. 2155 01:57:28.960 --> 01:57:32.439 So my complain is that a lot of times, you know. 2156 01:57:32.640 --> 01:57:36.520 People continue to all victims of this time and come 2157 01:57:36.560 --> 01:57:39.359 of the the ruse they used to trick them into. 2158 01:57:39.479 --> 01:57:42.199 It is making them believe that this is crypto. This 2159 01:57:42.319 --> 01:57:46.600 is crypto cuiptally different from the gamest the same differentiation 2160 01:57:46.680 --> 01:57:49.159 if it course, my between crypto and ponzi or crypto 2161 01:57:49.279 --> 01:57:52.760 and Ponzi. And here is a good point in that 2162 01:57:53.119 --> 01:57:55.359 this guy, this guy, no hold on, this guy, get 2163 01:57:55.680 --> 01:57:57.279 hold on? Hold up. Okay, I think we've got we 2164 01:57:57.399 --> 01:57:59.760 get the point. These guys are going to advertise on 2165 01:57:59.840 --> 01:58:02.119 the radio, on the TV. I know I've seen some 2166 01:58:02.279 --> 01:58:06.279 other guys agricultural skin that feel that's what I'm on 2167 01:58:06.359 --> 01:58:09.760 a very very popular TV station. And they're not asking 2168 01:58:09.840 --> 01:58:11.760 for to invest. But when they go there, people sort 2169 01:58:11.760 --> 01:58:14.600 of see legitimacy. All these guys are here, they are 2170 01:58:14.640 --> 01:58:17.560 talking about growing go co, so they must legit and 2171 01:58:17.600 --> 01:58:21.520 they go. So maybe there's some responsibility there for the press, 2172 01:58:21.760 --> 01:58:24.159 the mainstream media as we call them. You've got to 2173 01:58:24.199 --> 01:58:27.840 be a bit more responsible. You just can't platform everybody. 2174 01:58:28.359 --> 01:58:31.079 Everybody just can be a platform to talk about They 2175 01:58:31.119 --> 01:58:32.960 will bring a crypto guy, the will they talk about 2176 01:58:33.439 --> 01:58:35.880 Trump's tariff. The idea is the guys going to wear 2177 01:58:35.920 --> 01:58:37.880 his T shirt and talk and put his T shirt 2178 01:58:37.960 --> 01:58:43.279 on your TV before guys. 2179 01:58:43.319 --> 01:58:46.479 Because I remember whether I was writing for some of them, 2180 01:58:46.880 --> 01:58:52.560 they presentations on borgized and make guys on how to 2181 01:58:52.760 --> 01:58:56.880 report and the digital But you see, there's another problem 2182 01:58:56.960 --> 01:59:02.319 we have like the the Vitation, and many of these writers. 2183 01:59:02.000 --> 01:59:04.760 Are no financial history. Whenever you don't have national. 2184 01:59:04.720 --> 01:59:09.000 Proudly don't understand that when you are pushing out a 2185 01:59:09.159 --> 01:59:12.399 product like for example, if you see a product Matches 2186 01:59:12.439 --> 01:59:15.479 for example, like that is not coming from the writer 2187 01:59:15.680 --> 01:59:16.800 is a sponsored. 2188 01:59:16.560 --> 01:59:18.720 Posts and people speak pulling for it. 2189 01:59:18.880 --> 01:59:24.239 So now the other disponsal posts, it's written that it 2190 01:59:24.319 --> 01:59:27.600 came up. This is not an endorsement because we're still 2191 01:59:28.000 --> 01:59:30.720 the fact that even putting the sponsored posts does more 2192 01:59:30.760 --> 01:59:37.520 to really exclude the information from being missing formed of misinterpreted, 2193 01:59:38.159 --> 01:59:41.760 and some people who read the down Leader and so 2194 01:59:42.159 --> 01:59:47.000 it's really is a very scanning pascity and radio the 2195 01:59:47.319 --> 01:59:50.600 biggest corporates because radio has big deeper. 2196 01:59:50.439 --> 01:59:54.680 Penetration in your area than the Internet. Times and many. 2197 01:59:55.439 --> 01:59:58.039 Based on what I've found out, because a lot of 2198 01:59:58.039 --> 02:00:01.039 people who believe on radio for much information. 2199 02:00:02.560 --> 02:00:07.520 Mm hmm, interesting point, very interesting point. Let's get comic 2200 02:00:07.600 --> 02:00:12.479 poets from comic poets, what's your take on what are 2201 02:00:12.520 --> 02:00:19.159 we doing among that? Okay, Jim, you and every one, Oh, 2202 02:00:20.159 --> 02:00:29.239 I mean it's our way of greeting something like that. 2203 02:00:31.760 --> 02:00:37.199 Best thank you. I want to thank every everyone give 2204 02:00:37.319 --> 02:00:42.479 for actually bringing this kind of speace to life. Please, 2205 02:00:42.520 --> 02:00:43.520 can you guys say any. 2206 02:00:47.159 --> 02:00:51.960 Okay, yeah, yeah, I'm yeting you got ye, go ahead, 2207 02:00:52.079 --> 02:00:55.439 go ahead, just be go ahead yeah yeah yeah yeah. 2208 02:00:55.880 --> 02:00:57.079 So for bringing this kind of. 2209 02:00:57.279 --> 02:01:01.600 Space into life actually is very very good and an 2210 02:01:01.680 --> 02:01:08.720 equating way of sensitization. Actually the people is identifying and 2211 02:01:08.880 --> 02:01:11.520 avoiding Pozi and Prayman scheme. 2212 02:01:12.239 --> 02:01:16.399 Yeah, actually, rot I can say to this is yeah, 2213 02:01:17.079 --> 02:01:18.640 identifying years we're. 2214 02:01:18.560 --> 02:01:23.079 Going to identify, but avoiding of this scheme in Nigeria. 2215 02:01:23.239 --> 02:01:30.760 Can I can just be eradicated? Its canous avoiding Nindeian. 2216 02:01:30.720 --> 02:01:33.720 It can be rected because there are some situation that 2217 02:01:34.279 --> 02:01:38.159 actually leads people to to this pond, this game or 2218 02:01:38.199 --> 02:01:40.680 something like that, and most of it is actually what 2219 02:01:41.039 --> 02:01:44.800 it's actually tagged to, to government. 2220 02:01:46.439 --> 02:01:53.760 Actually to government whereby I'm what you're saying, I'm falling. 2221 02:01:53.920 --> 02:02:00.960 I'm not falling, bro, I'm okay, okay either can you 2222 02:02:01.199 --> 02:02:03.199 say I can hear you, but not funny, I'm not 2223 02:02:03.279 --> 02:02:06.960 saying what you're saying. That's what I'm saying, Okay, Okay. 2224 02:02:07.079 --> 02:02:11.640 Actually what I'm actually seeing is that what actually leads 2225 02:02:11.680 --> 02:02:15.520 to this police scheme. Everything actually comes from what's from 2226 02:02:15.600 --> 02:02:24.880 me from governments like lack of job, financial financial security people. 2227 02:02:25.479 --> 02:02:29.399 So this actually what actually prompts people to to this 2228 02:02:29.640 --> 02:02:32.680 kind of scheme. Something that's which I target to be 2229 02:02:32.840 --> 02:02:33.920 that it cannot stop. 2230 02:02:34.000 --> 02:02:35.840 It's very very very real for. 2231 02:02:35.920 --> 02:02:38.800 It to stop identifying as we as we are talking 2232 02:02:38.960 --> 02:02:41.359 right now, there's the police scheme that are still running. 2233 02:02:42.560 --> 02:02:46.479 There's the police scheme that's still running. Which because actually 2234 02:02:48.159 --> 02:02:53.119 I started police skiing, I went before coming to this 2235 02:02:53.319 --> 02:02:56.039 kind of internet speech of something I started with. 2236 02:02:56.079 --> 02:03:03.159 Pulicedkin that was in twenty I mean, he started with 2237 02:03:03.239 --> 02:03:06.479 a posy scheme. What does that mean? Yeah, what I 2238 02:03:06.640 --> 02:03:07.560 mean is that. 2239 02:03:09.439 --> 02:03:15.960 When I was why while growing into this financial financial 2240 02:03:18.560 --> 02:03:23.680 understanding of it thing I came, I came through knowing 2241 02:03:23.880 --> 02:03:28.119 about poses scheme like I was involved in it, not 2242 02:03:28.279 --> 02:03:28.880 what I mean. 2243 02:03:30.119 --> 02:03:36.279 So yeah, from twenty sixteen whether away when the likes 2244 02:03:36.439 --> 02:03:40.039 of MMM and then you. 2245 02:03:41.279 --> 02:03:45.479 All this kind of this kind of this thing. 2246 02:03:45.399 --> 02:03:51.880 When it comes during that time. So and they're just 2247 02:03:52.039 --> 02:03:55.720 background background noise around you. So if you don't mind, 2248 02:03:55.800 --> 02:03:58.399 he's got background noise around you. So if you can 2249 02:03:58.479 --> 02:04:00.319 fix that, you can come right back. I'll put back on. 2250 02:04:00.600 --> 02:04:08.079 Let me get modestes, Okay, thank you, sir, I appreciate you. Yeah, 2251 02:04:08.199 --> 02:04:11.319 are you am I audible? Yes? Amazing, Okay. 2252 02:04:11.920 --> 02:04:13.960 I mean there are two things I wanted to say 2253 02:04:14.000 --> 02:04:18.960 about this issue about poncys came and how mainly part 2254 02:04:19.000 --> 02:04:23.319 client Nigeria I've lived quite a long time in Europe 2255 02:04:24.119 --> 02:04:27.720 and nath India. Is that in Europe there's this lottery 2256 02:04:28.680 --> 02:04:32.760 that is stayed wrong and that every it's like every 2257 02:04:32.880 --> 02:04:36.560 family participates in it. You put one pound or two 2258 02:04:36.680 --> 02:04:40.159 pounds or one euro or two euros and maybe you 2259 02:04:40.239 --> 02:04:43.760 wait on Fridays for something to drop your way, and 2260 02:04:43.920 --> 02:04:47.359 then every week somebody weighs two million, three million, four million, 2261 02:04:47.479 --> 02:04:49.000 ten million depends on the. 2262 02:04:49.079 --> 02:04:54.640 Lottery and that kind of check this issue of poncy scame. 2263 02:04:55.479 --> 02:04:58.680 It's not that Nagurians are unique in it. It's just 2264 02:04:58.880 --> 02:05:03.880 that we don't have a well regulated they have confidence 2265 02:05:03.960 --> 02:05:08.560 building national lottery system. We have people can lay out 2266 02:05:08.720 --> 02:05:12.840 their they are those they are greedy things that come 2267 02:05:12.920 --> 02:05:15.760 with humanity. And as most of you in. 2268 02:05:15.760 --> 02:05:18.439 American country, every state have their own lottery skame. The 2269 02:05:18.560 --> 02:05:21.439 lottery is something with the pounds escape. You put one pound, 2270 02:05:21.479 --> 02:05:24.239 you win one million. You put two or two pounds 2271 02:05:24.520 --> 02:05:27.720 or two euros, you win ten million. So it's almost 2272 02:05:27.720 --> 02:05:30.039 similar about issues that because that one is done at 2273 02:05:30.119 --> 02:05:33.680 a very very regulated level and people don't see it 2274 02:05:33.800 --> 02:05:36.319 as so big, so you don't have to put twenty 2275 02:05:36.399 --> 02:05:40.159 thousand expecting one hundred thousand. So like somebody earlier talked 2276 02:05:40.159 --> 02:05:43.079 about a bitcoin and all of that not making ways 2277 02:05:43.079 --> 02:05:43.479 in Europe. 2278 02:05:43.760 --> 02:05:44.680 That's the reason for that. 2279 02:05:45.800 --> 02:05:48.399 It's not that they are very very religious and they 2280 02:05:48.399 --> 02:05:50.159 are very very financial literal everything. 2281 02:05:50.479 --> 02:05:51.720 If because two things, they. 2282 02:05:51.680 --> 02:05:55.560 Have financials, having security, something that their plansions. 2283 02:05:55.199 --> 02:05:56.159 Are already guaranteed. 2284 02:05:56.279 --> 02:05:58.239 They are in their jobs, they have both their homes, 2285 02:05:58.640 --> 02:06:00.920 you know, fourty five directors of Bodier homes, and they 2286 02:06:00.960 --> 02:06:01.920 have regular jobs. 2287 02:06:02.479 --> 02:06:05.439 So it doesn't mean that if in England where I 2288 02:06:05.520 --> 02:06:06.039 live now. 2289 02:06:06.520 --> 02:06:10.439 They even bet for everything years better. Every street in 2290 02:06:10.520 --> 02:06:14.199 England is full of better jobs and people going in there, 2291 02:06:14.760 --> 02:06:15.119 I mean. 2292 02:06:15.079 --> 02:06:17.000 Doing doing the coffee. 2293 02:06:17.079 --> 02:06:19.039 Every shop shot that are a part from the batting shop. 2294 02:06:19.560 --> 02:06:22.239 So that's what I'm trying to explain the thing about 2295 02:06:22.319 --> 02:06:25.079 it is that we need something that we can task. 2296 02:06:25.880 --> 02:06:30.239 We need something that is nationally recognized, something that is 2297 02:06:30.560 --> 02:06:31.960 people can actually go there. 2298 02:06:32.319 --> 02:06:34.640 Like if you live in a rural have your state. 2299 02:06:34.760 --> 02:06:37.600 You can put one part and then we do twenty 2300 02:06:37.680 --> 02:06:41.039 million in the nation in the state lottery, and then 2301 02:06:41.119 --> 02:06:43.800 if it is run over many years, people who stop 2302 02:06:43.880 --> 02:06:47.039 looking for all these ways of making money through pontikime 2303 02:06:47.359 --> 02:06:50.399 because points are actually filling in a void in the 2304 02:06:50.479 --> 02:06:54.560 market that could be channeled to something better, you know, 2305 02:06:54.720 --> 02:06:56.640 at least even the one I really really break my 2306 02:06:56.680 --> 02:07:00.319 heart is this bet Najera. It's everywhere, you know, when 2307 02:07:00.399 --> 02:07:03.880 you see young people from fourteen fifteen seventeen going to those. 2308 02:07:04.359 --> 02:07:07.920 Shops, I pity them. But you can see why they 2309 02:07:07.920 --> 02:07:08.439 are doing it. 2310 02:07:08.760 --> 02:07:10.840 You know, you can see, oh, they have this illus 2311 02:07:11.039 --> 02:07:13.520 that I can break it matches in Europe and then 2312 02:07:13.600 --> 02:07:17.479 if I pready seven, I will win forty million. And 2313 02:07:17.680 --> 02:07:20.319 then you see that they grew up like that and 2314 02:07:20.439 --> 02:07:23.199 then with that kind of foundation when they see somebody 2315 02:07:23.239 --> 02:07:26.520 come along to say, I mean as a kid, I saw. 2316 02:07:26.520 --> 02:07:30.680 My mom and I But that's an interesting angle you 2317 02:07:30.960 --> 02:07:34.880 bring about that there's no outlet, you know, like there's 2318 02:07:34.920 --> 02:07:39.600 no outlets for not in the UK. During the Olympics 2319 02:07:40.239 --> 02:07:42.359 doing the Olympics here in England. 2320 02:07:43.279 --> 02:07:45.840 The National Lottery actually spent nearly two. 2321 02:07:45.800 --> 02:07:48.119 To three billion pounds to sportor the Olympics. Okay, let 2322 02:07:48.159 --> 02:07:49.640 me ask, let me, let me ask you. Are you 2323 02:07:49.680 --> 02:07:54.199 saying that we replace this thing with with gambling or 2324 02:07:54.560 --> 02:07:56.279 I see something there's no gambling. 2325 02:07:56.560 --> 02:07:58.680 Lottery is gambling, but the usual a bat lottery that 2326 02:07:58.720 --> 02:08:02.039 people don't think that it's gambling because it is well troughed. 2327 02:08:02.279 --> 02:08:05.840 The UK lottery system me so grounded. I mean when 2328 02:08:05.880 --> 02:08:09.000 I say grounded, it is like forty to fifty or 2329 02:08:09.039 --> 02:08:11.520 sixty years. And if I has a high level of 2330 02:08:11.640 --> 02:08:14.000 trust that if you go to that shop and pay 2331 02:08:14.079 --> 02:08:16.840 one pound in your lottery, you might win one million 2332 02:08:16.880 --> 02:08:19.439 and you'll get the money. So at the end of 2333 02:08:19.520 --> 02:08:21.880 the day you see people say it's a bomban. 2334 02:08:23.119 --> 02:08:24.760 I used to So what what do you think in 2335 02:08:24.840 --> 02:08:27.920 Niger would be the replacements activity? 2336 02:08:28.119 --> 02:08:31.119 If the place my activities that if let's say, let 2337 02:08:31.159 --> 02:08:33.039 me give the example that Demos takes. 2338 02:08:33.279 --> 02:08:36.359 Is running a lottery. Let be to be fair on 2339 02:08:36.479 --> 02:08:37.399 the financial side of it. 2340 02:08:37.560 --> 02:08:40.479 Let me give you a typical statistics in the UK 2341 02:08:40.640 --> 02:08:43.039 here and they said there I put the numbers down. 2342 02:08:43.279 --> 02:08:46.520 Nearly two thousand millionaires are being created by lottery tickets, 2343 02:08:46.720 --> 02:08:48.439 by notry, by National Lottery. 2344 02:08:49.319 --> 02:08:53.079 Because every week in England there are actually they do 2345 02:08:53.199 --> 02:08:56.520 it a run four for a national lottery twice a week. 2346 02:08:56.840 --> 02:08:59.479 That one is a guarantee somebody will always win a million, 2347 02:08:59.840 --> 02:09:01.760 so the person must be in England to win that. 2348 02:09:02.520 --> 02:09:04.920 And then they have the other condition that they have 2349 02:09:05.800 --> 02:09:07.560 about three or four or five because what is every 2350 02:09:07.640 --> 02:09:09.800 day six days away, So when you look at it 2351 02:09:09.920 --> 02:09:12.880 over the year, you can actually say merely four hundred 2352 02:09:13.239 --> 02:09:15.960 people or five other people have been made billionaires and 2353 02:09:16.279 --> 02:09:19.840 from the logical lottery, so that becomes an athletic in 2354 02:09:20.000 --> 02:09:21.039 terms of weight creation. 2355 02:09:21.279 --> 02:09:23.520 And some people feel that, they say, I'm less than 2356 02:09:23.600 --> 02:09:24.439 to put two pounds. 2357 02:09:24.880 --> 02:09:26.720 So if we have something like that in a state 2358 02:09:26.840 --> 02:09:29.840 like Game of States, and people know that when they 2359 02:09:29.920 --> 02:09:32.439 win they will actually get the money, they won't go 2360 02:09:32.520 --> 02:09:35.720 to somebody who promises them fifty pounds fifty thousand, one 2361 02:09:35.800 --> 02:09:38.239 hundred thousand pounds of scheme because they know. 2362 02:09:38.279 --> 02:09:40.199 That if they do their stead lottery. 2363 02:09:40.279 --> 02:09:42.119 Have for f you to be used for good causes, 2364 02:09:42.199 --> 02:09:46.239 for charities, for school education, for investment and apps investment 2365 02:09:46.359 --> 02:09:49.880 in all aspects of in those charity social services, so 2366 02:09:50.760 --> 02:09:52.840 they can use that. And the issue that you need 2367 02:09:52.880 --> 02:09:56.239 to be transparent, they need to be accountable. I'm sorry, 2368 02:09:56.560 --> 02:09:59.279 I think I'm taking more Yeah, exactly, I mean I 2369 02:09:59.399 --> 02:10:01.560 hear you. I want trying to get more information from 2370 02:10:01.640 --> 02:10:04.079 but I heard the point I'm making. You want the 2371 02:10:04.159 --> 02:10:06.079 youth that are out there that are looking at this 2372 02:10:06.239 --> 02:10:10.479 points of schemes as their only way out of whatever 2373 02:10:10.560 --> 02:10:12.199 they are to also have a second outlet. 2374 02:10:12.319 --> 02:10:14.960 Okay, that's your take. I hear you, completely, hear you. 2375 02:10:16.319 --> 02:10:16.920 That's question. 2376 02:10:17.239 --> 02:10:21.560 In America, for example, you can be and posy cam 2377 02:10:21.640 --> 02:10:24.720 Be because I feel gamb is not this popular. 2378 02:10:26.239 --> 02:10:32.520 Lottery has this take of it being like a social thing. 2379 02:10:32.600 --> 02:10:35.000 It's not like the lottery is gamming. But the way 2380 02:10:35.039 --> 02:10:37.079 they package it in America, you go to the gas station, 2381 02:10:37.199 --> 02:10:39.960 you buy a lottery ticket, you buy your fuel, you 2382 02:10:40.079 --> 02:10:43.920 buy one dollar the big, big, big jam lottery, and 2383 02:10:44.039 --> 02:10:46.680 it's a state run. It's state to run. So because 2384 02:10:46.680 --> 02:10:49.000 the states run, it looks official. You know. That's what 2385 02:10:49.119 --> 02:10:52.720 he's saying, that they stayed all the time packages. Then 2386 02:10:52.760 --> 02:10:54.880 then you can go to a casino and gamble. It's 2387 02:10:54.920 --> 02:10:56.960 the same thing, but the state sort of cleans out 2388 02:10:57.720 --> 02:11:00.960 makes it beat socialist and all that. I hear him, 2389 02:11:01.039 --> 02:11:04.159 you know, but you know, I just get up. You're 2390 02:11:04.359 --> 02:11:08.000 looking at gambling again. That's on the epidemic that we 2391 02:11:08.119 --> 02:11:11.640 have to talk about of the gambling. Oh my god. 2392 02:11:11.720 --> 02:11:13.600 Yeah, but that is the problem we have is that 2393 02:11:13.840 --> 02:11:16.399 at the moment we are not taxing the gambling people. 2394 02:11:17.079 --> 02:11:19.159 And that is my pain. I'm trying you. 2395 02:11:19.520 --> 02:11:23.239 It pains me a lot. I mean, Prices five runs 2396 02:11:23.279 --> 02:11:24.119 the gambling the haole of. 2397 02:11:24.159 --> 02:11:27.359 Africa because when you see them in Nigeria plugging to 2398 02:11:27.520 --> 02:11:32.039 all that API and the plugging astricts. 2399 02:11:30.760 --> 02:11:34.039 Five there is actually taking all the money. The lady 2400 02:11:34.079 --> 02:11:36.319 that formed the HEA in England started with only one 2401 02:11:36.359 --> 02:11:38.880 hundred billion. Now it's a billionaire because of the API 2402 02:11:38.920 --> 02:11:40.920 and so to all these people in Africa. But the 2403 02:11:41.000 --> 02:11:43.600 question is what are they giving back to the society. 2404 02:11:44.079 --> 02:11:46.560 Nothing and there is not the fact this is not 2405 02:11:46.600 --> 02:11:49.760 even regulated at all, and it's the very morning making 2406 02:11:49.840 --> 02:11:52.399 tame for the government. They need to really really do 2407 02:11:52.520 --> 02:11:54.560 it at the back end, and said. 2408 02:11:54.359 --> 02:11:56.600 Look for every one pound you put in Nagela father, 2409 02:11:56.600 --> 02:11:58.720 I wanted to write the paper because. 2410 02:12:00.039 --> 02:12:04.520 We gotta move. I can you Yeah, no, I what 2411 02:12:04.640 --> 02:12:05.800 I said is fine, but I just want to give 2412 02:12:05.920 --> 02:12:07.600 us a chance to speak. You know, I I I 2413 02:12:08.039 --> 02:12:12.359 get what coming to with this it's sometimes what's what's 2414 02:12:12.399 --> 02:12:16.319 exploring complicated? Just yeah, and it's rather unique as well, 2415 02:12:16.520 --> 02:12:19.000 because like you said, there's no there's National lottery Nagi 2416 02:12:19.239 --> 02:12:22.399 you're aware of that's the National Lottery. I know while back, 2417 02:12:22.439 --> 02:12:24.279 I had some guys on the space that were doing 2418 02:12:24.319 --> 02:12:27.600 this scratch card thing and also the lottery and also 2419 02:12:27.680 --> 02:12:30.800 like license by the government, so you if you buy something, 2420 02:12:31.199 --> 02:12:34.439 you qualify for a scratch and that scratch wins you something. 2421 02:12:35.079 --> 02:12:36.720 It was also I had never heard of it before, 2422 02:12:36.800 --> 02:12:38.880 but they were also in Nigeria doing that, So completely 2423 02:12:38.920 --> 02:12:41.840 agree with you. But yeah, let's see, let us see. 2424 02:12:42.279 --> 02:12:46.399 Let's say, why Agberannie, Why a Bernie? How are you doing? 2425 02:12:48.640 --> 02:12:51.319 Why going once to thank you so much? Appreciate that? 2426 02:12:51.760 --> 02:12:54.560 Why you're going twice off the tech? Your on your 2427 02:12:54.560 --> 02:13:05.079 own life afly? Actually good, I'm here, we are having 2428 02:13:05.199 --> 02:13:09.439 thank you for this opportunity. So what I would say is. 2429 02:13:11.159 --> 02:13:13.960 They are I guess my ways is there are some 2430 02:13:14.079 --> 02:13:18.000 of these things that are set out from day one. 2431 02:13:19.399 --> 02:13:19.560 Too. 2432 02:13:20.920 --> 02:13:25.239 You know, swell people look at gets people and really 2433 02:13:25.359 --> 02:13:27.880 close after some time, well they're seeing, well, well they 2434 02:13:28.600 --> 02:13:29.279 the model that they. 2435 02:13:29.199 --> 02:13:29.600 Want to that. 2436 02:13:30.600 --> 02:13:34.880 There are also some of them that comes out as 2437 02:13:35.159 --> 02:13:36.439 an investment platform. 2438 02:13:37.079 --> 02:13:40.680 But the only thing is that they you know, they 2439 02:13:40.720 --> 02:13:42.039 are not deefinitely. 2440 02:13:42.119 --> 02:13:44.319 What I do is any thing that you have I'm 2441 02:13:44.319 --> 02:13:46.279 going to put my money on that is beyond I 2442 02:13:46.359 --> 02:13:46.800 look at. 2443 02:13:46.720 --> 02:13:49.359 The Treasury treasure views rates, I look. 2444 02:13:49.279 --> 02:13:52.560 At the bonds d I look at h I look 2445 02:13:52.600 --> 02:13:55.399 at over night levels. 2446 02:13:55.720 --> 02:13:59.039 If if these reads, if the rig we are offering 2447 02:13:59.119 --> 02:14:03.520 me is beyond go the banks rates and fixed deposits, 2448 02:14:04.479 --> 02:14:07.199 the ticketing views rates are. 2449 02:14:06.840 --> 02:14:09.159 Good and good to question it. Now, there are a 2450 02:14:09.199 --> 02:14:11.199 couple of them that are set out to do the 2451 02:14:11.279 --> 02:14:12.359 business of investments. 2452 02:14:13.159 --> 02:14:15.319 You literally that some of them don't end up you know, 2453 02:14:16.119 --> 02:14:19.359 you know, formalizing their processes with sight a lot of that. 2454 02:14:20.000 --> 02:14:22.239 So there are a couple of them. But the problem 2455 02:14:22.319 --> 02:14:23.760 that they have I see that they have with some 2456 02:14:23.880 --> 02:14:25.640 of some of difficult take short term. 2457 02:14:25.560 --> 02:14:29.439 Phones from people from this short term. 2458 02:14:31.720 --> 02:14:35.640 Yield or maturity period and carry do wns and go 2459 02:14:35.920 --> 02:14:38.479 to a long term investment like for example, I don't 2460 02:14:38.479 --> 02:14:40.359 want to call it. There are people that take the 2461 02:14:40.479 --> 02:14:44.920 positis from people, takes from people and critician investment. 2462 02:14:44.920 --> 02:14:48.239 What we called realistic and say, oh, give you your 2463 02:14:48.279 --> 02:14:49.479 money back in six months. 2464 02:14:50.039 --> 02:14:52.880 It doesn't make any sense because we are taking short 2465 02:14:53.000 --> 02:14:58.119 short term points into longer, longer term investment. So if 2466 02:14:58.159 --> 02:15:00.680 you if you, if you collect money from people to 2467 02:15:00.800 --> 02:15:03.159 go put his day in real estate, are you you 2468 02:15:03.199 --> 02:15:04.079 are you are you are. 2469 02:15:03.960 --> 02:15:05.000 Writing that investments? 2470 02:15:05.920 --> 02:15:10.319 They take the investments pepper investment contracts that has a 2471 02:15:10.439 --> 02:15:12.079 matality of six months or white years. 2472 02:15:12.640 --> 02:15:13.439 They all be this, Mr. 2473 02:15:13.600 --> 02:15:16.119 You want need to talk as a business because you 2474 02:15:16.600 --> 02:15:19.840 exactly so anything real estate that is below like. 2475 02:15:19.880 --> 02:15:21.920 It's less than three years, I'm not gonna cook my 2476 02:15:21.960 --> 02:15:22.399 own day. 2477 02:15:23.279 --> 02:15:25.279 There are a couple of them in real estates that 2478 02:15:25.520 --> 02:15:28.199 is having issues with people, people that they apology, they 2479 02:15:28.239 --> 02:15:30.680 posing customers deposit and they. 2480 02:15:30.640 --> 02:15:33.520 Are to play back and real estate takes time. 2481 02:15:33.560 --> 02:15:35.840 They are all that some of them that I do funny, 2482 02:15:36.439 --> 02:15:40.800 you know, we sales sort of found from investments. 2483 02:15:40.279 --> 02:15:43.760 That are also crumble. They really set out to do it, 2484 02:15:44.359 --> 02:15:47.439 but at the end of the day, it's just that 2485 02:15:48.159 --> 02:15:48.960 the way they. 2486 02:15:48.960 --> 02:15:53.560 Structle the investments, they probably shorter majorities. They need short 2487 02:15:53.600 --> 02:15:56.439 term matoralities six months on eighteen. 2488 02:15:56.239 --> 02:15:59.960 Days, five days, some of them they got nine ninety days. 2489 02:16:00.560 --> 02:16:02.359 How can you do how many? 2490 02:16:02.439 --> 02:16:04.760 How many? For I'm recite people. You have to be 2491 02:16:04.840 --> 02:16:10.359 able to pay your your your your your depositors money's back. 2492 02:16:10.399 --> 02:16:11.399 So it doesn't make any sense. 2493 02:16:11.399 --> 02:16:12.079 So it's not for me. 2494 02:16:12.520 --> 02:16:14.520 It's not all of them that are that are set 2495 02:16:14.600 --> 02:16:17.439 out I think for this thing sort of them really 2496 02:16:17.439 --> 02:16:19.239 need there wants to do business. 2497 02:16:19.880 --> 02:16:23.119 But because also nineteen that's very like, that's a very 2498 02:16:23.159 --> 02:16:25.920 impeture people that everybody, anybody that you're going to do, 2499 02:16:26.279 --> 02:16:28.079 they're going to ask for their phone and you're not 2500 02:16:28.159 --> 02:16:33.079 talking about anything below six Mortsch group of ALOGI their 2501 02:16:33.120 --> 02:16:35.440 all so and this is that's why they also do 2502 02:16:35.639 --> 02:16:39.680 you do do short term, short term mathorities with these people, 2503 02:16:39.719 --> 02:16:44.920 because really somebody can love except they are collecting those 2504 02:16:44.959 --> 02:16:47.760 monis and the opportunity in treasure with some boards, if 2505 02:16:47.799 --> 02:16:50.159 you're collecting on money from people and putting the treasure 2506 02:16:50.159 --> 02:16:53.959 abuse the least treasure with bio authorities night, night and days. 2507 02:16:54.719 --> 02:16:59.959 So and it's because besides and today I don't make 2508 02:17:00.040 --> 02:17:03.280 any sas gotcha, Yes, I appreciate that. I mean, that's 2509 02:17:03.319 --> 02:17:07.120 the take on the financial side. Compare the options the 2510 02:17:07.639 --> 02:17:10.280 you are given with the treasure bill rates the fixed 2511 02:17:10.319 --> 02:17:13.959 in comrade because again, like he's saying, if they can 2512 02:17:14.840 --> 02:17:16.879 make money, why aren't they going to the bank to 2513 02:17:16.920 --> 02:17:19.159 borrow money and invest at fifty percent. You know, why 2514 02:17:19.159 --> 02:17:21.040 are they taking money from you. They can simply go 2515 02:17:21.120 --> 02:17:24.200 to the bank, borrow ten billion, investing their scheme and 2516 02:17:24.280 --> 02:17:26.280 make twenty billion and pay back the bank. So they're 2517 02:17:26.319 --> 02:17:28.680 not doing it because they can't do it. It's appointing 2518 02:17:28.799 --> 02:17:32.799 pyramid scheme. There's any money to pay old mo old 2519 02:17:33.159 --> 02:17:37.239 obligations and all that. Nice one, Mariah, Moriah on the 2520 02:17:37.280 --> 02:17:41.799 scott We've got the flow hyding, So go ahead, Mariah. 2521 02:17:45.840 --> 02:17:51.040 I'm trying to yes, sir, I can okay, yes, good 2522 02:17:51.040 --> 02:17:53.680 even in Carlo and good evening everyone, Yes, sir, so. 2523 02:17:55.159 --> 02:17:57.360 Yes, I just want to talk about you know, depons 2524 02:17:57.399 --> 02:17:58.319 this game in Nigeria. 2525 02:17:59.319 --> 02:18:04.079 So well, what I wanted to say, people have actually 2526 02:18:04.159 --> 02:18:06.360 said it, but here is just what I want to 2527 02:18:07.000 --> 02:18:08.040 you know, allow to it. 2528 02:18:08.600 --> 02:18:12.040 So pons this came, you know, it has actually come 2529 02:18:12.079 --> 02:18:15.680 to stay in Nigeria. It's not going anywhere. It's going 2530 02:18:15.760 --> 02:18:18.440 to be part and parsle of our society. 2531 02:18:19.040 --> 02:18:23.959 And here actually you know the two major reasons as 2532 02:18:24.000 --> 02:18:27.120 to why you know, Ponsi Cheme will forever be part 2533 02:18:27.159 --> 02:18:27.959 of our society. 2534 02:18:28.440 --> 02:18:30.000 So first is as a. 2535 02:18:30.040 --> 02:18:34.000 Result of you know, the digitization of finance. And then 2536 02:18:34.120 --> 02:18:39.840 secondly is as a result of you know, behavior behavioral finance. Okay, 2537 02:18:39.879 --> 02:18:43.559 so first, which is the digitization of finance. You know, 2538 02:18:43.879 --> 02:18:45.799 finance has been digitized to. 2539 02:18:45.879 --> 02:18:47.440 A very great estent. 2540 02:18:48.040 --> 02:18:51.040 You know, before it used to be investors, you know, 2541 02:18:51.200 --> 02:18:54.920 some marchants, some business people who always buy stock, you know, 2542 02:18:55.120 --> 02:18:59.520 buy shares in companies. So before investments was you know, 2543 02:18:59.639 --> 02:19:05.600 actually a very very exclusive you know venture. But these days, 2544 02:19:06.040 --> 02:19:09.840 I mean I can actually be somewhere in a bullet 2545 02:19:09.959 --> 02:19:12.639 but an apagia in legors and then be investing in 2546 02:19:12.799 --> 02:19:17.559 shares in America. And so how does that post potential 2547 02:19:17.719 --> 02:19:19.959 rigs or how does that you know, bring ubout rigs? 2548 02:19:20.280 --> 02:19:23.360 Brings about rigs because you know, you see elements, you 2549 02:19:23.399 --> 02:19:28.040 see different people who are offering investments, scheme, investment advice, 2550 02:19:28.239 --> 02:19:31.559 investment portfolios and so on, and so they actually become 2551 02:19:31.680 --> 02:19:34.879 pree so for you know, investments comes. 2552 02:19:35.920 --> 02:19:38.879 And then secondly, which is behavior. 2553 02:19:38.200 --> 02:19:42.200 For finance, you know that is actually a great in fact, 2554 02:19:42.399 --> 02:19:47.639 it's there are some air lights, IVY League air lights, 2555 02:19:47.840 --> 02:19:52.959 NBA universities in America you know that offer behavior of 2556 02:19:53.159 --> 02:19:56.920 finance as a major Although I did behavior finance as 2557 02:19:56.959 --> 02:19:57.600 an undergrad. 2558 02:19:57.920 --> 02:19:58.200 Okay. 2559 02:19:58.319 --> 02:20:01.920 So now you look at the behavior of people around 2560 02:20:02.200 --> 02:20:06.280 today towards finers, particularly in Nigeria, as you know the 2561 02:20:06.399 --> 02:20:10.000 case study. You look at you know, the the the 2562 02:20:10.200 --> 02:20:14.159 the greed and the quest for material world. You look 2563 02:20:14.239 --> 02:20:18.520 at how people are entied about making money. You look 2564 02:20:18.559 --> 02:20:21.360 at how people just want to make enough money out 2565 02:20:21.399 --> 02:20:22.040 of nothing. 2566 02:20:22.600 --> 02:20:22.920 Okay. 2567 02:20:23.319 --> 02:20:26.440 So people just want, you know, to invest in as 2568 02:20:26.479 --> 02:20:28.000 an air and get one billionaire. 2569 02:20:28.559 --> 02:20:30.280 It's like that all across the world. 2570 02:20:30.360 --> 02:20:34.520 But it's actually at a very very you know, it's 2571 02:20:34.600 --> 02:20:37.959 actually at an all time high in the country today 2572 02:20:38.239 --> 02:20:41.159 where people just want to make you know, easy money. 2573 02:20:41.520 --> 02:20:43.840 So as a result of our behavior. 2574 02:20:43.479 --> 02:20:47.399 Towards finers, it that makes us to you know, become 2575 02:20:47.760 --> 02:20:50.559 a very very easy pre you know, to fall for 2576 02:20:50.879 --> 02:20:53.920 this ponzie and this investment schemes. 2577 02:20:54.280 --> 02:20:58.000 Okay, So but here are my two cents. Two cents 2578 02:20:58.040 --> 02:21:00.520 are first of all. First of all, I just want 2579 02:21:00.559 --> 02:21:01.000 to say. 2580 02:21:00.840 --> 02:21:05.079 This if if you're students, or if you're a businessman, 2581 02:21:05.280 --> 02:21:09.280 or if you're an entrepreneur, I would advise that you actually, 2582 02:21:10.040 --> 02:21:15.159 you know, seek investment advice or investment schemes to brick 2583 02:21:15.319 --> 02:21:15.799 and water. 2584 02:21:16.520 --> 02:21:18.840 There are so many investment houses. 2585 02:21:18.479 --> 02:21:24.799 In the country, such as your Marystan United Capital Partners 2586 02:21:24.840 --> 02:21:27.239 and so on. You can actually get their car lines. 2587 02:21:27.319 --> 02:21:31.000 You can meet on Twitter or anyway, get their care lines, 2588 02:21:31.280 --> 02:21:34.799 look after them, and then call them and invest directly 2589 02:21:35.040 --> 02:21:40.479 with them. You can invest in uh so for example, 2590 02:21:40.559 --> 02:21:41.920 they are actually some you know. 2591 02:21:42.040 --> 02:21:46.399 Companies that are actually you know approved by sex. But 2592 02:21:46.559 --> 02:21:48.799 some of those companies that are approved by sex. 2593 02:21:50.559 --> 02:21:54.719 The room. Yeah, you spend agree with you more? Enough time, sir, 2594 02:21:54.879 --> 02:21:56.920 I do, I do apologize, but I think you've got 2595 02:21:57.120 --> 02:22:00.799 your points across. Yeah, so I appreciate that you. Let's 2596 02:22:00.840 --> 02:22:03.159 get one. So guys, what's running down? I gotta get 2597 02:22:03.200 --> 02:22:05.559 loom the go to Google, let limb dee go. So 2598 02:22:05.879 --> 02:22:07.760 that's what round down. I have one on the space 2599 02:22:07.840 --> 02:22:10.000 and I was going to have an opportunity to speak. 2600 02:22:10.079 --> 02:22:15.200 Let's get one BANDI then'll just take jerrych do and 2601 02:22:16.239 --> 02:22:21.479 and party. Yeah. Go ahead, man, Hi, cal couldn't be 2602 02:22:22.239 --> 02:22:25.760 doing today. I'm doing great. How about you. I try 2603 02:22:25.879 --> 02:22:27.760 to hear you. I can hear you very well. 2604 02:22:27.879 --> 02:22:31.840 Yeah, okay, thank you for a person to speak. 2605 02:22:32.280 --> 02:22:36.760 So I joined this because this has really been. 2606 02:22:38.120 --> 02:22:42.600 An issue that's not just peculiar to third world countries. 2607 02:22:43.200 --> 02:22:46.639 There are pose you'd find in even first world countries, 2608 02:22:46.719 --> 02:22:49.079 but they are way wayward in third world countries. 2609 02:22:49.959 --> 02:22:51.200 Say that one of the. 2610 02:22:51.239 --> 02:22:54.840 Major reasons why people for for this police come schemes 2611 02:22:54.959 --> 02:22:58.520 is because of that's the number one attribute that you 2612 02:22:58.639 --> 02:23:02.280 have to always acknowledge. You have to acknowledge that people 2613 02:23:02.319 --> 02:23:06.520 are very committee and if you take away grade from 2614 02:23:06.600 --> 02:23:10.239 the whole issue, you'd see that people are able to 2615 02:23:10.440 --> 02:23:13.360 think clearly and people are able to make way more 2616 02:23:13.440 --> 02:23:17.760 logical decisions than your regular person out there. Because m 2617 02:23:18.000 --> 02:23:21.079 YC dex is offering you one hundred percent on your 2618 02:23:21.200 --> 02:23:24.280 investment and you think it's something that is sustainable, and 2619 02:23:24.399 --> 02:23:26.680 it never occurred to you at any point in time. 2620 02:23:26.559 --> 02:23:29.000 That you would definitely be losing your money at some point. 2621 02:23:29.559 --> 02:23:34.280 You understand because if you're working a financial institution or 2622 02:23:34.319 --> 02:23:39.959 if you're very comfort with the money markets, the money 2623 02:23:40.000 --> 02:23:43.799 market phones and how you go. Fi IS operates in 2624 02:23:43.920 --> 02:23:46.600 the country where you recite. Nigeria is a case in 2625 02:23:46.680 --> 02:23:49.959 point for me because hip in Nigeria and are actually 2626 02:23:50.079 --> 02:23:52.319 work in at FI so I know how these things happen. 2627 02:23:52.520 --> 02:23:52.639 Right. 2628 02:23:53.479 --> 02:23:55.959 You see that a lot of people are out there 2629 02:23:56.079 --> 02:23:59.520 looking for just quicker ways to make more money, quicker ways. 2630 02:23:59.280 --> 02:24:02.280 To double their When they come and they meet you with. 2631 02:24:02.319 --> 02:24:05.239 This ridiculous streets, they're asking you if they can get 2632 02:24:05.280 --> 02:24:08.440 fifty percent of their investments. They're asking you if they 2633 02:24:08.520 --> 02:24:11.239 can get so so so they're telling you, heir, the TBS, 2634 02:24:11.600 --> 02:24:14.280 it's increased, the faberal governments, they're increased. It's why you know, 2635 02:24:14.399 --> 02:24:18.200 increasing your private institution. You should be hired with TVs 2636 02:24:18.239 --> 02:24:20.920 and all that. And then you're telling them, look, this 2637 02:24:21.319 --> 02:24:23.639 is a business that we're running here. We're not running 2638 02:24:23.680 --> 02:24:27.040 the business where everybody would come and get fifty percent 2639 02:24:27.079 --> 02:24:29.879 of their investment for anam or you come and get 2640 02:24:29.920 --> 02:24:32.920 one hundred percent. It's not so stakable. It's a business. 2641 02:24:33.000 --> 02:24:35.959 The business has to grow their operational costs to listen, 2642 02:24:35.959 --> 02:24:38.440 and so nobody's giving you all of their profits on 2643 02:24:38.559 --> 02:24:42.959 your intment. I had a colleague one time, sometimes last year. 2644 02:24:43.319 --> 02:24:47.360 She had this very big h and I client that 2645 02:24:47.520 --> 02:24:50.040 had like a billionaire with her at the time. You 2646 02:24:50.079 --> 02:24:53.760 don't believe that this guy moved this font from it 2647 02:24:54.079 --> 02:24:56.680 from this from the comfort, the safe comforts that he 2648 02:24:56.879 --> 02:24:59.840 was enjoying with the institution where I work, he moved 2649 02:24:59.840 --> 02:25:02.840 the to your regular real estate guys. You know that 2650 02:25:02.959 --> 02:25:05.239 those ones to a others come to waiting to happen 2651 02:25:05.280 --> 02:25:07.600 to you people, and you were there. He moved it 2652 02:25:07.680 --> 02:25:09.520 there And what he told the girl at the time 2653 02:25:09.680 --> 02:25:11.559 was that he told her that they're offering. 2654 02:25:11.360 --> 02:25:13.319 Him fifty percent per album. Can you match that? 2655 02:25:13.959 --> 02:25:16.799 Who in their right senses will match you fifty percent? 2656 02:25:17.000 --> 02:25:20.159 On the pioneer? Who? Where? And how does that happen? 2657 02:25:20.760 --> 02:25:21.479 Do you understand? 2658 02:25:21.840 --> 02:25:24.479 That is where the greediness that I'm talking about initial 2659 02:25:24.680 --> 02:25:27.079 steps in place, Because if you're a greedy you also 2660 02:25:27.159 --> 02:25:31.520 think that a real estate company who's only viable source 2661 02:25:31.680 --> 02:25:33.600 of paying you your. 2662 02:25:33.600 --> 02:25:36.600 Principal amount and your interest at the end. 2663 02:25:36.559 --> 02:25:40.159 Of the investment n or is by selling off lands 2664 02:25:40.799 --> 02:25:42.239 or selling off houses. 2665 02:25:42.879 --> 02:25:43.280 You get. 2666 02:25:44.159 --> 02:25:45.879 I mean, I don't know what it is you're thinking 2667 02:25:45.959 --> 02:25:48.440 at the time. And this is somebody who has like 2668 02:25:49.239 --> 02:25:52.719 a financial advice So who is you know, giving them 2669 02:25:53.200 --> 02:25:55.280 the best rates they could get in the market at 2670 02:25:55.319 --> 02:25:57.319 the time, And they said, no, they want to take 2671 02:25:57.360 --> 02:25:57.840 that risk. 2672 02:25:58.120 --> 02:26:01.920 That's a high risk. That's that. Oh. So I don't 2673 02:26:01.920 --> 02:26:03.520 want to I don't want to cut you off. I 2674 02:26:03.600 --> 02:26:05.120 was just want I was just want to ask you 2675 02:26:05.159 --> 02:26:08.719 a few questions. You don't mind. Like I was going 2676 02:26:08.799 --> 02:26:13.719 to ask in your experience, like do females fall? Are 2677 02:26:13.799 --> 02:26:17.440 they more successible to this than males are? Just from 2678 02:26:17.479 --> 02:26:23.920 your own personal experience, okay, from my. 2679 02:26:24.040 --> 02:26:27.360 Personal experience, right from my own personal experience and then 2680 02:26:27.440 --> 02:26:31.319 work experience too, I'm assuring you that women are the 2681 02:26:31.479 --> 02:26:34.280 least likely to fall for this because women do a 2682 02:26:34.399 --> 02:26:38.879 high risk appetite like men, which men, men are the 2683 02:26:39.000 --> 02:26:41.520 ones with the high risk appetite. Men are willing to 2684 02:26:41.639 --> 02:26:43.760 gamble on these things. For me, it's a gamble. I 2685 02:26:43.840 --> 02:26:45.959 think somebody came up here and you spoke on gambling. 2686 02:26:46.200 --> 02:26:48.840 It's a gamble when you're gambling on these things, right, 2687 02:26:49.079 --> 02:26:51.440 the gamble. And lots of men are very emotional about 2688 02:26:51.479 --> 02:26:53.120 money that they are willing to goggle out. 2689 02:26:53.040 --> 02:26:55.920 Their life on it. Then there are those men. 2690 02:26:56.360 --> 02:26:57.719 I don't want to make it a gender things for 2691 02:26:57.920 --> 02:26:59.399 let me just say they are those men too who 2692 02:26:59.440 --> 02:27:03.600 are very risk adverse and they understand how this risk 2693 02:27:03.719 --> 02:27:06.399 thing goes. So what they do is that they diversified 2694 02:27:06.479 --> 02:27:09.360 their investment put folio. So with the with the case 2695 02:27:09.399 --> 02:27:11.000 and point, I told you about the man with over 2696 02:27:11.079 --> 02:27:15.120 a billionaire with the institution where I worked, somebody like that. 2697 02:27:15.559 --> 02:27:18.200 What he should have done on like on the normal. 2698 02:27:18.040 --> 02:27:21.799 Term was if he was getting fifty percent by Alum 2699 02:27:21.920 --> 02:27:24.639 on that investment, what he should have done was to 2700 02:27:24.760 --> 02:27:28.239 share that risk into two or three you get probably 2701 02:27:28.360 --> 02:27:30.239 leave five hundred million with the company. 2702 02:27:30.280 --> 02:27:32.440 They moved the five undread to the real estate guys. 2703 02:27:32.959 --> 02:27:34.680 But I had to go with the billion. 2704 02:27:34.760 --> 02:27:38.200 And that's where the great thing contentlate for me, because 2705 02:27:38.920 --> 02:27:41.319 if I have a billionaire, I am not I'm not 2706 02:27:41.840 --> 02:27:45.040 I'm not keeping a billionaire at the sports no matter 2707 02:27:45.120 --> 02:27:48.079 how safe it is you think you are, I'm diversified 2708 02:27:48.159 --> 02:27:50.040 that risk or that effort. 2709 02:27:50.239 --> 02:27:52.520 Yeah, and someone I think Lia had mentioned, I don't 2710 02:27:52.520 --> 02:27:55.360 know what mentioned diversification, Eliot and in the space that 2711 02:27:55.440 --> 02:27:58.040 we had to don't put all your eggs in one basket. 2712 02:27:58.079 --> 02:27:58.879 So even if you think. 2713 02:27:58.799 --> 02:28:03.159 It's real, I'm telling you the first majority of my 2714 02:28:03.520 --> 02:28:07.719 hiis and so I think are very black people. What 2715 02:28:07.879 --> 02:28:10.680 they do is they diversify it. No matter how much 2716 02:28:11.000 --> 02:28:13.040 trust they have for you, these people. 2717 02:28:12.879 --> 02:28:14.799 They will not leave if I have one. That the 2718 02:28:14.879 --> 02:28:15.719 only thing does with me. 2719 02:28:16.000 --> 02:28:17.879 I don't want to be saying that because for people 2720 02:28:18.120 --> 02:28:21.600 it's fifty, but this person is worth a billion investment. 2721 02:28:21.840 --> 02:28:24.280 But it's just fifty. I'll give you fifty. 2722 02:28:24.680 --> 02:28:27.319 Uh if I was speaking to him sometimes lasted and 2723 02:28:27.360 --> 02:28:29.399 he told me he went to standing adity. 2724 02:28:29.680 --> 02:28:33.680 That their with didn't match ours. But if he feels it's. 2725 02:28:33.600 --> 02:28:36.639 Safer out there, because I mean, you know, the normal. 2726 02:28:36.959 --> 02:28:39.600 Nigerians we have a very conventional mentality of thinking the 2727 02:28:39.719 --> 02:28:43.520 plans that were safer than you know, investment houses and 2728 02:28:43.639 --> 02:28:47.159 other sizes you can. So I'm saying if an average 2729 02:28:47.239 --> 02:28:50.760 Nigerian con conquered great with these things, it would give 2730 02:28:50.799 --> 02:28:53.799 you a clear perspective to these things and you would. 2731 02:28:53.639 --> 02:28:55.319 Make a way more logical decision. 2732 02:28:55.719 --> 02:29:01.120 I'm still if another suppons this scheme comes out tomorrow. 2733 02:29:01.200 --> 02:29:03.479 You see, people would always. 2734 02:29:03.040 --> 02:29:05.399 Invest in this thing. These people, they never give up 2735 02:29:05.440 --> 02:29:08.360 on this. People have a second question, you don't mind 2736 02:29:08.399 --> 02:29:11.319 cecal question. So this guy is no nobody. I see 2737 02:29:11.360 --> 02:29:12.680 you work in a bank. I'm not sure if it's 2738 02:29:12.680 --> 02:29:14.559 a bank, but I think I perceive you're working a bang. 2739 02:29:16.840 --> 02:29:20.120 So usually when this thing is hot, when the ponzy 2740 02:29:20.280 --> 02:29:22.840 is hot, the bank will be seen out from the 2741 02:29:22.959 --> 02:29:25.680 bank to the ponzi scheme. Then the positi will bring 2742 02:29:25.719 --> 02:29:27.719 it right back to the bank or on the bank 2743 02:29:28.239 --> 02:29:30.920 do you think it's a place where banks should question 2744 02:29:31.040 --> 02:29:34.639 and say, hey, what is happening? Like money is leaving 2745 02:29:35.000 --> 02:29:38.479 bank A to bank to Ponzy then going from Pozzy 2746 02:29:38.559 --> 02:29:41.680 to bank B. Is there any place where the bank 2747 02:29:41.760 --> 02:29:44.040 can call customers say hey, what's going on? Do you 2748 02:29:44.120 --> 02:29:47.319 know these people? Why one is flowing? What's your take 2749 02:29:47.399 --> 02:29:50.079 on the rule of FI in this? In this whole 2750 02:29:50.959 --> 02:29:54.600 ecosystem of poses, this, this, like you said. 2751 02:29:54.479 --> 02:29:56.840 Is an ecosystem I fire. It's a chain reaction for me, 2752 02:29:56.959 --> 02:30:00.280 That's how I see, because there's there's more. You know, 2753 02:30:01.079 --> 02:30:03.920 the rule the rule of comings. You're not supposed to 2754 02:30:03.959 --> 02:30:06.159 lose phones no matter how good it is. 2755 02:30:06.280 --> 02:30:06.879 The customer is. 2756 02:30:06.840 --> 02:30:09.479 Getting it elsewhere, so it's it's not something they are 2757 02:30:09.600 --> 02:30:11.719 very cool with. They're not cool with losing their phones 2758 02:30:11.799 --> 02:30:16.639 to competitor anything. So when these things happen, right, every 2759 02:30:16.799 --> 02:30:19.440 everybody who is on deck is calling everybody they know 2760 02:30:19.559 --> 02:30:21.639 to not do things like that. We know now, if 2761 02:30:21.680 --> 02:30:25.920 I know that the pull of clients, all business service 2762 02:30:26.000 --> 02:30:28.319 theres know how they will fall for something as stupid 2763 02:30:28.360 --> 02:30:30.399 as that's honestly because it's silly car. 2764 02:30:30.479 --> 02:30:31.559 You check it out for yourself. 2765 02:30:31.719 --> 02:30:34.719 This is the wundred percent in what world will anybody 2766 02:30:34.799 --> 02:30:38.600 give you a undred percent when there is no sustainable business. 2767 02:30:38.319 --> 02:30:42.719 To show how you're right. Let me tell your story 2768 02:30:42.799 --> 02:30:47.319 past on Twitter when we had the last crypto, the 2769 02:30:47.520 --> 02:30:51.840 last pin the skin. I try to be sarcastic and 2770 02:30:51.959 --> 02:30:54.440 I said, oh, if you give me money, I will 2771 02:30:54.479 --> 02:30:57.799 give you one hundred percent. You people are all stupid. 2772 02:30:57.840 --> 02:30:59.399 You know you send me DMS and want to give 2773 02:30:59.440 --> 02:31:03.079 me money. Jesus Christ is a lie. I know I'm not. 2774 02:31:03.520 --> 02:31:05.239 That's why I don't don't joke with that stuff anymore. 2775 02:31:05.239 --> 02:31:07.680 I don't do all those satire like giving money, I 2776 02:31:07.680 --> 02:31:10.280 don't do. I don't do it again. People said, okay, okay, 2777 02:31:10.319 --> 02:31:12.040 I know you're joking, but let me give you the money. 2778 02:31:12.120 --> 02:31:13.360 I know you let me give you the money, then 2779 02:31:13.360 --> 02:31:16.920 you give so you see what you're saying. People are people. 2780 02:31:16.959 --> 02:31:19.319 You think people don't know it's a ponzy scheme. I 2781 02:31:19.559 --> 02:31:21.959 think people know it's a pounds of scheme. But like 2782 02:31:22.040 --> 02:31:24.239 some one has said, you want to get in early, 2783 02:31:25.479 --> 02:31:29.239 make your principal back, then stay after that. My friend 2784 02:31:29.319 --> 02:31:31.840 had forty four million in respector she could have taken 2785 02:31:31.840 --> 02:31:34.600 the money. She left the money there, forty four million 2786 02:31:34.879 --> 02:31:37.440 she left it there because if it's there, it's giving 2787 02:31:37.520 --> 02:31:40.399 her money to day to crash. Okay, she has made 2788 02:31:40.440 --> 02:31:43.200 her principal one hundred percent on the principle, so what 2789 02:31:43.360 --> 02:31:46.319 she where is she going to? And that's the way 2790 02:31:46.399 --> 02:31:49.440 you have. You know, there's a commis called la fa 2791 02:31:49.520 --> 02:31:52.639 kov where if you tax at zero and after one 2792 02:31:52.719 --> 02:31:55.399 hundred percent you get zero because if you tax too 2793 02:31:55.440 --> 02:31:58.879 little and too much you get zero. If you invert 2794 02:31:59.079 --> 02:32:03.399 that to ponzi, when you offer one hundred percent, you 2795 02:32:03.479 --> 02:32:06.680 will get more customers than when you offer ten percent. 2796 02:32:07.040 --> 02:32:10.319 It blows your mind. But I assure you people who 2797 02:32:10.360 --> 02:32:13.159 know this is ponzy, let me go there that ten percent. 2798 02:32:13.200 --> 02:32:16.079 They know it's real. It's ten percent. That's why it happens. 2799 02:32:17.200 --> 02:32:19.280 So you see, you see what I submission. 2800 02:32:19.319 --> 02:32:19.639 I said. 2801 02:32:19.639 --> 02:32:23.680 It's great at this point because because some people may 2802 02:32:23.799 --> 02:32:25.000 want to come up an IQ. 2803 02:32:25.000 --> 02:32:28.280 That is people only when they says is strange, it 2804 02:32:28.280 --> 02:32:31.000 is francialcation. There's I think there's a middleweight path there 2805 02:32:31.040 --> 02:32:34.760 because like he has giving you the data, it standard 2806 02:32:35.159 --> 02:32:38.559 Nigerian guy is smart enough to detect that this is ponsy. 2807 02:32:38.680 --> 02:32:40.559 You can't tell me they're stupid. That's if people that 2808 02:32:40.639 --> 02:32:42.360 come they don't understand what it is. When you say 2809 02:32:42.399 --> 02:32:45.680 maybe crypto binary, they don't know what it is. But 2810 02:32:45.840 --> 02:32:49.360 it makes money. That's a different animal. But you say, 2811 02:32:50.079 --> 02:32:52.319 bring your money to Seabecks, you give it to them, 2812 02:32:52.559 --> 02:32:55.239 you get one hundred percent in the month Haber. So 2813 02:32:55.319 --> 02:33:00.079 people know it's pronzy, they're not it's ponzy. But you 2814 02:33:00.159 --> 02:33:02.559 do exactly if you look at. 2815 02:33:03.000 --> 02:33:06.319 If you look at look at the minister for example, 2816 02:33:06.639 --> 02:33:07.840 why do you think it's popling nag? 2817 02:33:08.360 --> 02:33:09.000 Why do you think. 2818 02:33:12.879 --> 02:33:16.360 Yeah, you could turn that okay? Just as a class, 2819 02:33:17.200 --> 02:33:23.959 don't trust mica, do not want to see just stop market. 2820 02:33:24.600 --> 02:33:25.319 That's my opinion. 2821 02:33:25.399 --> 02:33:28.959 Like Julian markets, market is more popular than the stop 2822 02:33:29.000 --> 02:33:29.719 market carriage. 2823 02:33:30.079 --> 02:33:32.440 In fact, if you if you try to there's the 2824 02:33:32.479 --> 02:33:33.079 time I try to. 2825 02:33:33.120 --> 02:33:37.040 Do personal storgary with my LOOKI let's talk about this 2826 02:33:37.159 --> 02:33:39.520 thing coins listening in the stock markets. 2827 02:33:39.959 --> 02:33:43.159 Would you would you buy that? Would you buy an 2828 02:33:43.239 --> 02:33:47.319 n p C? Would you buy mimi coins? You know 2829 02:33:47.440 --> 02:33:50.639 mini coins? I a good n m p C. Of 2830 02:33:50.760 --> 02:33:53.719 course I'm not. I'm not surprised. I I'm not surprised. 2831 02:33:53.760 --> 02:33:56.440 I don't know why, but I'm not surprised. If you 2832 02:33:56.559 --> 02:33:59.840 tell people, if you tell you to buy Index ca. 2833 02:34:00.360 --> 02:34:03.600 They they don't buy Index phones. You can't. Let me 2834 02:34:03.680 --> 02:34:04.120 tell you why. 2835 02:34:05.399 --> 02:34:09.239 It's as simple as a kid. I never watched the 2836 02:34:10.079 --> 02:34:11.959 I used to watch the news a lot. I read 2837 02:34:12.360 --> 02:34:14.840 those newspapers. My dad made me to do natural bet. 2838 02:34:15.319 --> 02:34:18.399 One thing that I exclude on to was was the 2839 02:34:18.479 --> 02:34:22.639 business news. But I can tell you that in many homes, 2840 02:34:23.319 --> 02:34:25.680 once the news get to that business side, everybody turn 2841 02:34:25.760 --> 02:34:29.239 off the TV. Then the second side of it is 2842 02:34:29.600 --> 02:34:33.840 the role of the media. It is very very important 2843 02:34:33.959 --> 02:34:36.040 that those who have opportunities to keep. 2844 02:34:35.959 --> 02:34:37.639 On banking the drum. 2845 02:34:38.440 --> 02:34:41.479 The role of the media is very, very very very 2846 02:34:41.639 --> 02:34:43.479 vital in shaping public opinion. 2847 02:34:44.200 --> 02:34:46.799 The media in the Juli is dead. They will never 2848 02:34:47.079 --> 02:34:48.600 air something that is objective. 2849 02:34:49.200 --> 02:34:51.520 And even like somebody talked about the radio and the 2850 02:34:51.639 --> 02:34:54.760 prints and the news, you will never see objective articles 2851 02:34:54.840 --> 02:34:55.239 about that. 2852 02:34:55.799 --> 02:34:59.280 People are always scared. People are scared of writing stuff 2853 02:35:00.040 --> 02:35:03.680 that they don't come after you. Everybody is scared, and 2854 02:35:03.879 --> 02:35:07.200 that is something that I really really found. I find 2855 02:35:07.239 --> 02:35:11.120 it so appalling in a population such as US. You know, 2856 02:35:11.280 --> 02:35:14.000 but people don't want to call out Baptists on media, 2857 02:35:14.920 --> 02:35:18.360 and because nobody does that, they're away with it. 2858 02:35:18.799 --> 02:35:21.000 I mean, I just like I'm saying she's making it. 2859 02:35:21.159 --> 02:35:23.079 I was just wanting it's making some great points. Then 2860 02:35:23.120 --> 02:35:26.680 I just want to get her insights. But I just 2861 02:35:26.760 --> 02:35:31.040 want to go ahead, so I want to that real 2862 02:35:31.120 --> 02:35:35.680 quick before you asked your question. 2863 02:35:36.000 --> 02:35:38.239 So my my take is I just wanted to like 2864 02:35:38.319 --> 02:35:40.680 give a little bit of education with the works. 2865 02:35:41.319 --> 02:35:43.600 So if you are looking it's your money, it's your 2866 02:35:43.680 --> 02:35:44.879 finance right, and. 2867 02:35:44.879 --> 02:35:48.079 I'm not supposed to for me because because a copose 2868 02:35:48.159 --> 02:35:52.959 of my life working in FI numbers, money is very 2869 02:35:53.000 --> 02:35:53.760 important to me. 2870 02:35:53.760 --> 02:35:55.360 Even if it's all my money, even if it's somebody 2871 02:35:55.399 --> 02:35:57.520 else's money that persons else is money is. 2872 02:35:57.520 --> 02:35:59.520 Important to me because if you lose it in school, 2873 02:35:59.559 --> 02:36:02.319 like you can't get And I also want to say 2874 02:36:02.360 --> 02:36:04.479 it out loud, you guys you can work here. 2875 02:36:04.559 --> 02:36:07.479 You tell yourself that it's SEC regulated. Is this that 2876 02:36:08.120 --> 02:36:12.760 now you have a square? But what what? What should 2877 02:36:12.760 --> 02:36:15.879 we not look at SEC illustration should be a fact? 2878 02:36:16.079 --> 02:36:18.639 Only son't tell you how it would you're only looking 2879 02:36:18.719 --> 02:36:21.840 at your SEC regulation. Because the second is we're in 2880 02:36:21.959 --> 02:36:25.399 Nigeria and I'm just seeing this on the light because 2881 02:36:26.159 --> 02:36:29.319 because somebody is gonna telling you that it's secregulated in facts. 2882 02:36:29.319 --> 02:36:31.360 A matter of fact, it's better for you to see 2883 02:36:31.479 --> 02:36:35.159 that CBN has licensed that company. If if there's a 2884 02:36:35.239 --> 02:36:38.079 CYPR license with that company, it's even way safer than justice. 2885 02:36:38.200 --> 02:36:41.200 But they will sell the same products. Doesn't sell securities. 2886 02:36:41.319 --> 02:36:45.200 That's a problem, right thing right, so you see they 2887 02:36:45.239 --> 02:36:47.680 don't sell the same thing. Right. It's like you said, right, 2888 02:36:48.399 --> 02:36:51.399 the sec is mostly for asset management. We know this thing. 2889 02:36:51.680 --> 02:36:54.079 But these people are sill collecting your money, you know, 2890 02:36:54.520 --> 02:36:56.440 so you better have a CP license. 2891 02:36:57.120 --> 02:36:59.920 Cybian is aware of this company. CIBA regulates this company. 2892 02:37:00.200 --> 02:37:03.479 Simba knows that this is taking money if if you want, 2893 02:37:04.000 --> 02:37:06.920 if you want license to collect money from the masses, and. 2894 02:37:06.920 --> 02:37:09.719 Will not give you that license. And CB and has 2895 02:37:09.959 --> 02:37:17.799 n d I c n d I c IP. Let 2896 02:37:17.840 --> 02:37:21.000 me tell you in fact, we're gonna move on. Yeah, yeah, 2897 02:37:21.120 --> 02:37:22.920 I hear you. I do. 2898 02:37:28.239 --> 02:37:30.760 Like I wanted to respond that we write stories like 2899 02:37:30.840 --> 02:37:33.120 for example, if you look at Calus straight now I 2900 02:37:33.280 --> 02:37:36.120 put in and Calu rights to the problem is that 2901 02:37:36.200 --> 02:37:37.200 people are not a pleasure and. 2902 02:37:37.239 --> 02:37:40.319 Financial stories like look at this space for example, we 2903 02:37:40.440 --> 02:37:44.680 have just about two today. But if it was gossives 2904 02:37:44.840 --> 02:37:48.959 or crying wedding, or is somebody dropping or something we go. 2905 02:37:49.360 --> 02:37:50.360 So it's interesting. 2906 02:37:50.719 --> 02:37:53.959 Then a thing again is that their clients says it 2907 02:37:54.040 --> 02:37:55.879 depends on what you can said that no set is 2908 02:37:55.959 --> 02:37:59.000 very well. Some people have less, people have different so 2909 02:37:59.319 --> 02:38:02.360 it's not and you know, for example, look at Cardinals 2910 02:38:03.120 --> 02:38:05.719 cards to talk about cb a license, but it's so 2911 02:38:05.959 --> 02:38:08.719 booker but the biggest book and look at look at 2912 02:38:08.760 --> 02:38:11.879 the capt There are many bookers that I use about 2913 02:38:11.920 --> 02:38:12.799 five of them. 2914 02:38:12.959 --> 02:38:17.360 And I use band brokers for example. I want people 2915 02:38:17.600 --> 02:38:28.399 that the accounts so that both covering them at the 2916 02:38:28.440 --> 02:38:32.760 parent company. I'm coming I'm telling somewhere. I'm coming somewhere. 2917 02:38:32.760 --> 02:38:34.680 So for example, if you look at stop bookage license 2918 02:38:34.719 --> 02:38:38.479 for example, if you stop bookish, Penphos goes on that 2919 02:38:39.600 --> 02:38:43.680 studying the traditional stock brooker, your stocks are under the 2920 02:38:43.799 --> 02:38:49.239 CSCs accounts. So the recreation of a stock Brooks account does. 2921 02:38:49.040 --> 02:38:51.559 More mean that your stocks are going. 2922 02:38:51.799 --> 02:38:53.639 And that's why I tell people that ensure you have 2923 02:38:53.840 --> 02:38:56.920 the CSS accounts now, but don't start doing to have 2924 02:38:57.040 --> 02:39:00.120 the c be But have said, it depends. 2925 02:38:59.760 --> 02:39:00.879 On your kind of sense. 2926 02:39:01.200 --> 02:39:03.559 For example, there's some there's some bookers I just don't 2927 02:39:03.559 --> 02:39:04.840 want to call their name. If you don't have to 2928 02:39:04.959 --> 02:39:06.680 taming on there. You don't have a fitting on that. 2929 02:39:06.760 --> 02:39:08.840 Don't know open as that comes for you because they 2930 02:39:08.920 --> 02:39:12.079 focus on nation. But you also need to understand your 2931 02:39:12.120 --> 02:39:15.280 own limits and your capacity. If I even if I 2932 02:39:15.399 --> 02:39:18.479 could take their bookers, I will satisfying. But I think 2933 02:39:18.520 --> 02:39:20.760 the end game is that we have said the fact 2934 02:39:20.799 --> 02:39:23.600 that I'm in the second lissas don't be an in jail. 2935 02:39:23.959 --> 02:39:27.280 It means that they have a batch of accountability and 2936 02:39:27.719 --> 02:39:30.200 at a certain level you are protected. 2937 02:39:30.280 --> 02:39:31.639 That's what you mean. It's not doesn't mean that you 2938 02:39:31.719 --> 02:39:32.200 don't commit. 2939 02:39:32.360 --> 02:39:35.920 Like I said in Nested, there are many sec regreated 2940 02:39:36.000 --> 02:39:38.680 films that have committed in your crime, but they've been 2941 02:39:38.959 --> 02:39:40.440 uncomfortable and constable. 2942 02:39:40.520 --> 02:39:46.280 Need to understand differences that I'm thereful lens going all right, perfect, well, 2943 02:39:46.319 --> 02:39:50.040 why didn't that guys, why I really appreciate your insights. 2944 02:39:50.159 --> 02:39:51.799 That was a different take and the first day to 2945 02:39:51.840 --> 02:39:54.120 speak on the space as well. I appreciate that. But 2946 02:39:54.200 --> 02:39:57.159 again the point is nothing is guaranteed. You can have 2947 02:39:57.360 --> 02:40:00.319 sex license, you can have everything, and you will till 2948 02:40:00.639 --> 02:40:03.159 you know fall victim in the end. There are few 2949 02:40:03.319 --> 02:40:06.799 financial topics that have come up here that diversification again 2950 02:40:06.840 --> 02:40:10.799 we've hit on the diversification is very important. Spread your risks. 2951 02:40:10.879 --> 02:40:14.559 You spread even if you're going to do banking, spread 2952 02:40:14.840 --> 02:40:17.719 risks two or three banks. You don't do equities, spread 2953 02:40:17.760 --> 02:40:20.719 into two index funds. Right, So it's diversified. Even if 2954 02:40:20.799 --> 02:40:23.879 something happens, it might not be be fraud, but it 2955 02:40:23.959 --> 02:40:26.079 can be the economy, it can be talented who so 2956 02:40:26.280 --> 02:40:29.959 talent so covid. So spread that risk around. Right, Great, 2957 02:40:30.319 --> 02:40:32.239 let's get a check out and we do check out. 2958 02:40:32.319 --> 02:40:34.799 Bad day and greater and that called today check a hydron. 2959 02:40:35.959 --> 02:40:41.479 I'm great, happy, happy to you, sir. Okay I I 2960 02:40:41.639 --> 02:40:46.479 think that there's an interesting conversation. I agree that greed 2961 02:40:46.559 --> 02:40:48.600 is an issue, but I mean, greed is not a 2962 02:40:48.680 --> 02:40:49.040 new thaing. 2963 02:40:49.159 --> 02:40:52.200 People have been greedy for over a century, and greed 2964 02:40:52.360 --> 02:40:53.719 is part of human nature. 2965 02:40:53.799 --> 02:40:57.840 So could it be could it be that this is? 2966 02:40:58.040 --> 02:41:01.879 This is this could be the result of the switches, 2967 02:41:01.959 --> 02:41:05.120 the changes, the evolution that's going on over the last 2968 02:41:05.159 --> 02:41:07.719 maybe twenty years, from the internet boom time to the 2969 02:41:07.799 --> 02:41:09.159 digital economy time. 2970 02:41:09.639 --> 02:41:12.399 How we have watched how life has switched for a 2971 02:41:12.479 --> 02:41:14.440 lot of people, I mean the all the time. 2972 02:41:14.559 --> 02:41:18.600 When there are certain directions you must go regarding career. 2973 02:41:18.680 --> 02:41:20.200 Before you can make a lot of money or you 2974 02:41:20.280 --> 02:41:22.120 can't this. Before you can make money enough to become 2975 02:41:22.559 --> 02:41:26.239 extremely comfortable. But now people can easily come reach in 2976 02:41:26.280 --> 02:41:29.280 a short time. Like that's a good point the game. 2977 02:41:29.440 --> 02:41:32.280 The game is totally changed, like totally changed. 2978 02:41:32.319 --> 02:41:36.120 A kid, a fourteen year or even twelve year old 2979 02:41:36.200 --> 02:41:39.879 kid could have his parents help him create a YouTube 2980 02:41:39.879 --> 02:41:42.600 account and from days a blogonia in less than three years. 2981 02:41:42.799 --> 02:41:45.680 You know, an artist in those days. 2982 02:41:45.520 --> 02:41:47.360 Will have to talk the world for like six years 2983 02:41:47.600 --> 02:41:48.879 before he becomes a millionier. 2984 02:41:49.000 --> 02:41:51.559 Today, three hit songs can make you a million. Yet, 2985 02:41:51.680 --> 02:41:53.559 you know because of the digital economy. 2986 02:41:53.280 --> 02:41:55.479 Somebody, I mean, we're here on Twitter. A lot of 2987 02:41:55.479 --> 02:41:57.360 people put all kinds of things on Twitter to be 2988 02:41:57.440 --> 02:42:02.399 able to get engagement and get get a lot of 2989 02:42:02.479 --> 02:42:05.680 masks payouts. Right, there are different kinds of things people 2990 02:42:05.760 --> 02:42:07.559 are doing that bring in the kind of money that 2991 02:42:07.639 --> 02:42:10.440 you would never imagine young people making fifty to twenty 2992 02:42:10.600 --> 02:42:10.959 years ago. 2993 02:42:11.120 --> 02:42:14.680 So and everybody is watching this like everybody's before maybe 2994 02:42:14.760 --> 02:42:15.399 fifteen years ago. 2995 02:42:15.440 --> 02:42:17.120 If you see people making that kind of money, when 2996 02:42:17.159 --> 02:42:19.239 you see it with one year old kid come up 2997 02:42:19.280 --> 02:42:21.000 with some five million era. 2998 02:42:21.120 --> 02:42:22.920 The first thing that comes to your mind, is is 2999 02:42:23.000 --> 02:42:25.360 doing Yahoo? But now there are a lot of conservation 3000 02:42:25.479 --> 02:42:26.959 to the need. Okay, what does he do? It's the 3001 02:42:27.000 --> 02:42:27.920 first question you ask. 3002 02:42:28.079 --> 02:42:30.120 And then they begin to explain to you he makes content, 3003 02:42:30.239 --> 02:42:33.239 or he makes this, or he does comedy or you know, 3004 02:42:33.399 --> 02:42:36.920 stuff like that, and you verifie that you realize, actually 3005 02:42:36.920 --> 02:42:37.920 he's making a lot of money. 3006 02:42:37.959 --> 02:42:40.799 Everybody's watching this, you know. And then the other side 3007 02:42:40.840 --> 02:42:42.440 of it, which is the fact that people who. 3008 02:42:42.399 --> 02:42:46.680 Make this money flaunted everywhere, so film, media events and 3009 02:42:46.840 --> 02:42:47.399 all whatnot. 3010 02:42:47.559 --> 02:42:51.680 So believe it that our minds have actually our paradem. 3011 02:42:51.399 --> 02:42:54.799 Has shifted so much that it's trying to catch up 3012 02:42:54.840 --> 02:42:57.879 with this spit of the evolution has and the spit 3013 02:42:57.959 --> 02:43:02.040 of how things are moving, how disruptions are happening, and 3014 02:43:02.200 --> 02:43:06.520 we can catch up. And so Goody mentioned something about 3015 02:43:06.600 --> 02:43:10.600 financial behavior, you know, how people are not learning how 3016 02:43:10.719 --> 02:43:13.120 things work as fast as possible to catch up. 3017 02:43:13.360 --> 02:43:18.239 So gretly that we are not mentally equipped enough to understand. 3018 02:43:17.840 --> 02:43:21.440 How our speadity things are changing and how it is 3019 02:43:21.520 --> 02:43:23.159 influencing our decision making. 3020 02:43:23.239 --> 02:43:25.559 So we don't even trust anything that used to do that. 3021 02:43:25.760 --> 02:43:28.200 It's all now believe that these things that are coming 3022 02:43:28.280 --> 02:43:29.840 up as the new ways of making money. The other 3023 02:43:29.959 --> 02:43:32.200 ones that used to make money before have failed many times. 3024 02:43:32.239 --> 02:43:34.040 So this is the way and the other ones we 3025 02:43:34.120 --> 02:43:36.360 are risky. This one is risky. You know. This is 3026 02:43:36.360 --> 02:43:38.520 actually what has been going on my mind when I've. 3027 02:43:38.399 --> 02:43:40.399 Been listening to everything going on, so that we don't 3028 02:43:40.520 --> 02:43:43.440 just you know, basimplify it and put it around greed. 3029 02:43:43.639 --> 02:43:47.479 It's all about greed. Greed. I think we've seen nice people. Yeah, 3030 02:43:48.159 --> 02:43:50.440 it's some people getting kicked up with these things. Yeah. 3031 02:43:50.479 --> 02:43:52.280 Toga would say this that greed is not going to 3032 02:43:52.319 --> 02:43:54.440 go away. And greed has been there, it to be there, 3033 02:43:54.600 --> 02:43:56.879 it will always be there. Greed is is as human 3034 02:43:57.000 --> 02:44:00.280 as being hungry. So I think there's greed, but I 3035 02:44:00.360 --> 02:44:05.000 also think that's the The fall of the institutions in 3036 02:44:05.120 --> 02:44:08.280 Nigeria is also contribute to this. Can you imagine what 3037 02:44:08.399 --> 02:44:13.280 it will take for someone to set up something, open 3038 02:44:13.399 --> 02:44:18.600 a bank account, have an office, advertise, collect people's money. 3039 02:44:18.680 --> 02:44:22.440 Know before it's a ponzi it's legal, right, quote unquote, 3040 02:44:22.479 --> 02:44:27.479 it's legal. He's out there, he's taking moneys, he's signing contract, 3041 02:44:27.760 --> 02:44:31.120 he's opening bak accounts. People know his face, his signature, 3042 02:44:31.639 --> 02:44:34.559 he's doing this knowing fully well that in the next 3043 02:44:34.680 --> 02:44:36.959 three or four year is going to disappear because he 3044 02:44:37.040 --> 02:44:39.840 knows nothing going to happen to him. If the police come, 3045 02:44:39.959 --> 02:44:42.120 he can you know, if this guy's come, you know 3046 02:44:43.200 --> 02:44:45.360 you can't try that in saye, in the US or 3047 02:44:45.399 --> 02:44:49.360 the UK, not because you're not greedy, but the institutions 3048 02:44:49.399 --> 02:44:52.120 will come at you so hard. Not just you the 3049 02:44:52.280 --> 02:44:56.120 bank that that enabled you, the brokers enabled you, everyone 3050 02:44:56.200 --> 02:44:59.760 around the spirit. Remember like we talked about made of, 3051 02:45:00.399 --> 02:45:02.200 why do we they get money back from made of? 3052 02:45:02.360 --> 02:45:06.040 They went to the genuine customers for being made of 3053 02:45:06.159 --> 02:45:08.920 and said, we don't care, you w drew money. You 3054 02:45:09.000 --> 02:45:11.520 have to pay the money back to the government. They 3055 02:45:11.600 --> 02:45:13.719 went to them, the guys said, what I do wrong? 3056 02:45:14.159 --> 02:45:16.760 It was my money? I will said, no, you drew 3057 02:45:16.799 --> 02:45:18.840 it a year before made of crash. That means you 3058 02:45:18.879 --> 02:45:20.840 knew he was going to crash, So pay back. And 3059 02:45:20.959 --> 02:45:23.280 they made them pay back. The same with Batman Freed. 3060 02:45:23.799 --> 02:45:25.639 They went to the same way and said, listen, we 3061 02:45:25.799 --> 02:45:29.159 drew money, paid back, the claw back, the clock back again. 3062 02:45:29.239 --> 02:45:33.879 It's institutions where you know that if I'm a bank 3063 02:45:34.239 --> 02:45:37.920 and I see an institution, if bankers know that this 3064 02:45:38.120 --> 02:45:41.719 is is ponzy. They know, but because they that pony 3065 02:45:41.840 --> 02:45:45.799 is taking money from bank A to my bank, I 3066 02:45:45.920 --> 02:45:49.239 keep quiet. That's what's going on. How many times have 3067 02:45:49.360 --> 02:45:54.200 you seen sek and fine, excuse firm say we're finding 3068 02:45:54.239 --> 02:45:56.399 it because a billion. You didn't do this, You didn't 3069 02:45:56.399 --> 02:45:58.239 do that. So the bank will said is it worth it? 3070 02:45:59.440 --> 02:46:04.440 But here cultured like it's cultrued. This guy set it up. 3071 02:46:04.479 --> 02:46:09.000 You know, a bank will say, oh, you have deposit banks, 3072 02:46:09.079 --> 02:46:11.600 bring them to us. I eat the ponzi and then 3073 02:46:11.639 --> 02:46:13.879 the pony will and open up a brand new relationship 3074 02:46:13.959 --> 02:46:16.520 with a different bank. So the bank sort of wink 3075 02:46:16.600 --> 02:46:19.200 and not im like I'm enjoying this, you know. And 3076 02:46:19.360 --> 02:46:24.040 it's the institutional part again, it's me let me ask 3077 02:46:24.079 --> 02:46:27.319 you a question. So we have you have established the fact. 3078 02:46:27.120 --> 02:46:29.760 That it is in duty of the institution to protect 3079 02:46:29.799 --> 02:46:32.120 the people since they don't know enough about this. 3080 02:46:32.680 --> 02:46:35.479 So is this possible for us to see things like 3081 02:46:37.680 --> 02:46:43.319 what's it called again, as in this kind of class action? 3082 02:46:44.000 --> 02:46:45.799 Class actions? Yeah? Class but we don't don't. 3083 02:46:45.799 --> 02:46:49.440 I don't think these things by people who the victims 3084 02:46:49.479 --> 02:46:51.280 of the fraud or the scams going on. 3085 02:46:51.479 --> 02:46:53.680 We don't have that sort of law prom We don't 3086 02:46:53.680 --> 02:46:56.120 have that kind of law practice in Nigeria that you 3087 02:46:56.200 --> 02:46:59.479 can go after so that it wasn't directly involved. In America, 3088 02:47:00.079 --> 02:47:03.760 if you have a road, you don't put cushion signed 3089 02:47:03.799 --> 02:47:06.120 to say slow down, and I walk into that road 3090 02:47:06.159 --> 02:47:08.120 and I get hurt, I can sue you, but I 3091 02:47:08.200 --> 02:47:10.239 don't talk. Laws are very, very different. And that's the 3092 02:47:10.239 --> 02:47:12.479 reason why we do only have like that because if 3093 02:47:12.559 --> 02:47:15.079 this happened in America, I assure you the landlord that 3094 02:47:15.200 --> 02:47:17.840 had that building, the banks that had that building, the 3095 02:47:17.920 --> 02:47:21.319 insurance company had been everybody's gonna be sued because I'm 3096 02:47:21.319 --> 02:47:23.360 gonna say, you guys all enable it that you guys 3097 02:47:23.479 --> 02:47:26.760 knew it was a fraud. The police station besiding will 3098 02:47:26.760 --> 02:47:29.879 be sued, the local government that he paid tactics will 3099 02:47:29.920 --> 02:47:32.280 be sued. And that's why we have it happens so 3100 02:47:32.479 --> 02:47:35.840 everybody is always careful. There always okay, sign this contract 3101 02:47:35.920 --> 02:47:38.719 or disclosure, sign that you were aware of this, say 3102 02:47:38.799 --> 02:47:40.520 that you have that that they have no recourts. They 3103 02:47:40.559 --> 02:47:42.559 make you sense why you sign so much stuff in 3104 02:47:42.600 --> 02:47:44.600 the way you go to go abroad, because they know 3105 02:47:44.879 --> 02:47:48.479 that there's any problem, they're gonna come after them. In Nitria. 3106 02:47:48.600 --> 02:47:51.000 Like I said, when it's when it's not the point, 3107 02:47:51.120 --> 02:47:54.600 when it's still a quote unquote legal enterprise. They walk around, 3108 02:47:55.120 --> 02:47:58.239 they donate to politicians, they go to clubs, they go 3109 02:47:58.360 --> 02:48:01.719 to church, they buy property. Can you imagine go to 3110 02:48:01.799 --> 02:48:05.879 America and you are in America who sell marijoana. Marijana 3111 02:48:06.159 --> 02:48:10.079 is banned federally, is allowed to statewide. You can't open 3112 02:48:10.159 --> 02:48:14.239 the bank account if you sell marijana you cannot you 3113 02:48:14.479 --> 02:48:17.120 cannot have it. So they will come and if you 3114 02:48:17.159 --> 02:48:19.200 go to a bank, they will couches and say they 3115 02:48:19.319 --> 02:48:22.680 sell this or sell that to open bank accounts. Once 3116 02:48:22.760 --> 02:48:24.559 the bank finds out that they're selling ma join to 3117 02:48:24.600 --> 02:48:27.040 close the account. Can give you your check? Why is 3118 02:48:27.079 --> 02:48:29.120 it bank doing that? Because they know if they allowed 3119 02:48:29.200 --> 02:48:32.040 that check to stay in the bank, even though the 3120 02:48:32.079 --> 02:48:34.879 guys said I am not a majorna seller, they will 3121 02:48:34.920 --> 02:48:38.040 be sued down the line. So they do self preservation. 3122 02:48:38.120 --> 02:48:39.959 They cut your check and give you That's why they 3123 02:48:40.000 --> 02:48:43.600 goes quo our accounts because they know that down the 3124 02:48:43.719 --> 02:48:47.879 line they will get sued, so they close your account preemptively. 3125 02:48:48.000 --> 02:48:50.200 We don't want this quote unquote toutree for people. They 3126 02:48:50.239 --> 02:48:53.680 will sue us, but it's absent in Nigeria because they 3127 02:48:53.719 --> 02:48:56.879 don't that. 3128 02:48:57.000 --> 02:48:59.680 The issue is what I'm thinking though, is it that 3129 02:49:00.280 --> 02:49:01.600 the laws are not there or. 3130 02:49:01.639 --> 02:49:03.680 Is it that the laws have not been tried? There 3131 02:49:03.760 --> 02:49:05.879 is no law in Na, it's not here. There is 3132 02:49:06.000 --> 02:49:09.360 no law in the world that's not in Nigeria. If 3133 02:49:09.399 --> 02:49:11.520 you check your load of books, there are lots. 3134 02:49:12.520 --> 02:49:14.520 So what you're saying though, that's what I'm going to 3135 02:49:14.559 --> 02:49:17.479 come at this. It's like because no one has actually 3136 02:49:17.840 --> 02:49:21.040 drive it to the Supreme Court and see them, let them. 3137 02:49:20.959 --> 02:49:26.879 Make it happen. And President sadly nothing will happen. It's 3138 02:49:26.959 --> 02:49:29.639 bill not free, okay. I dare you to go to 3139 02:49:30.000 --> 02:49:31.639 port and say you don't wan to pay for bill? 3140 02:49:31.719 --> 02:49:32.760 I dare you ye? 3141 02:49:33.319 --> 02:49:35.200 That it depends on who is suing though I think 3142 02:49:35.239 --> 02:49:38.440 sometimes if top people to sue. 3143 02:49:39.159 --> 02:49:42.879 But that's the problem is bro bro this week? This week. 3144 02:49:43.600 --> 02:49:47.360 This week, there was a seventeen year old boy arrested 3145 02:49:47.559 --> 02:49:51.840 for public disturbance and jailed in Kirri Kiri. Seventeen year 3146 02:49:51.879 --> 02:49:55.120 old boy by the Nigerian police. It had to take 3147 02:49:55.200 --> 02:49:58.799 a high broad politician to get that seventeen year old 3148 02:49:58.879 --> 02:50:02.719 boy out of prison. I assure you the other fifteen 3149 02:50:03.040 --> 02:50:06.879 forty year old boys in curriculey. This year we saw 3150 02:50:07.000 --> 02:50:09.600 the young boys from Cano, but they're not jailed in 3151 02:50:09.719 --> 02:50:14.680 Cando is no, you cannot jail my notes. A federal 3152 02:50:15.200 --> 02:50:18.840 prosecutor said they were faking. There is the adults if 3153 02:50:19.000 --> 02:50:25.280 federal I remember so. So the institutions have have failed 3154 02:50:25.920 --> 02:50:27.440 and that's why he has said what you're seeing. 3155 02:50:28.440 --> 02:50:31.120 Don't you think that the profile of the lawyer like 3156 02:50:31.280 --> 02:50:33.319 it would be a high profile lawyer decides to sit 3157 02:50:33.399 --> 02:50:35.319 on something like that would have been a different case. 3158 02:50:35.520 --> 02:50:38.040 Son took a guy to to jail for writing a 3159 02:50:38.040 --> 02:50:43.000 book about him about in defense. No, but I'm not 3160 02:50:43.120 --> 02:50:45.200 saying that that guy had the defense now, but a 3161 02:50:45.360 --> 02:50:47.479 son that is supposed to be the quote the prince 3162 02:50:47.600 --> 02:50:52.079 of the court broke did the whatever and took the 3163 02:50:52.159 --> 02:50:55.440 guy to court for for was libel or whatever. When 3164 02:50:55.440 --> 02:50:58.200 I'm saying that when there he could he try that? 3165 02:50:58.280 --> 02:51:00.639 In the UK, if you are in Queen's Council, can 3166 02:51:00.719 --> 02:51:03.040 you try that kind of lawsuit? Not because your name 3167 02:51:03.040 --> 02:51:06.239 will be ruined forever because the institutions will come after you. 3168 02:51:07.000 --> 02:51:09.760 But the point in Nigeria that the institute there is 3169 02:51:09.879 --> 02:51:13.639 no if you do something wrong, nothing happens to you. 3170 02:51:13.920 --> 02:51:16.360 That's the point I'm making. We have a governor that 3171 02:51:16.639 --> 02:51:19.559 openly will say I want that to have. A minister 3172 02:51:20.120 --> 02:51:22.280 will say I want the god notor removed. But the 3173 02:51:22.360 --> 02:51:27.120 presence you say it, oh poorly admitting that he's involved 3174 02:51:27.719 --> 02:51:30.639 in the removal of an elected What has happened? Nothing 3175 02:51:30.680 --> 02:51:34.000 will happen during that I had not that someone slapped 3176 02:51:34.000 --> 02:51:37.680 a minister. Nothing will happen. We're talking. We're not talking 3177 02:51:37.719 --> 02:51:42.399 about Inugu Airport in the morning. While we're talking about 3178 02:51:42.399 --> 02:51:45.600 Indugo Airport in the morning, don't we have laws it. 3179 02:51:45.719 --> 02:51:50.079 I've posted the infrastructure considered regulatory Commissions policies as regards 3180 02:51:50.479 --> 02:51:55.520 airport in Nigeria where they followed. So in the end 3181 02:51:55.719 --> 02:51:59.760 we can blame the greedy and uneducated young guy with 3182 02:51:59.879 --> 02:52:02.760 the phone. That's one hundred percent. I want to invest 3183 02:52:03.000 --> 02:52:06.159 That young guy knows that this is a free for all. 3184 02:52:06.360 --> 02:52:09.559 Let me get in and make my money before it crashes. 3185 02:52:09.639 --> 02:52:12.600 He's not worried about second come and catch that guy. 3186 02:52:12.680 --> 02:52:15.440 I'm not hitting sec SECH is doing their work, but 3187 02:52:15.639 --> 02:52:19.079 he has no no, no investors in any points. Kinnaja 3188 02:52:19.280 --> 02:52:23.079 was worried that tomorrow they will be readed. How many 3189 02:52:23.120 --> 02:52:26.319 banks are reading America and the UK and Germany and Japan. 3190 02:52:26.440 --> 02:52:29.399 How many banks who read wasn't wasn't made of raided? 3191 02:52:30.040 --> 02:52:33.600 Have ever heard that a bank only Dangote was reridden 3192 02:52:33.600 --> 02:52:35.520 and it was was fighting with the with the big 3193 02:52:35.559 --> 02:52:40.239 boys Dante, but however had preemptive read. We think you 3194 02:52:40.479 --> 02:52:43.000 posted rand there and reading and readed them. It's not 3195 02:52:43.079 --> 02:52:47.000 too more good. So in the end maybe we'll end 3196 02:52:47.040 --> 02:52:49.200 with this. In the end, we have to really ask 3197 02:52:49.280 --> 02:52:52.079 ourself bout this here. We have to ask ourselves the 3198 02:52:52.280 --> 02:52:57.159 institutions really have failed to put that fear. This is 3199 02:52:57.239 --> 02:52:59.440 not this is not armed Roberts. Did you have to 3200 02:52:59.559 --> 02:53:03.559 happen office again? You have to have an office, you 3201 02:53:03.680 --> 02:53:11.120 have to have a website, bank account e FCC agree 3202 02:53:11.159 --> 02:53:14.399 to that part. Yeah, we can. 3203 02:53:14.479 --> 02:53:17.159 You see these other arguments like that's why when some 3204 02:53:18.159 --> 02:53:22.399 critics were talking about the fact that the government is liguge, 3205 02:53:22.600 --> 02:53:26.280 like I expected, there should be integration between Okay, having 3206 02:53:26.719 --> 02:53:28.200 a before you get a. 3207 02:53:30.159 --> 02:53:34.799 Restration, you should get clarents from SEC first at least 3208 02:53:35.239 --> 02:53:36.959 or before you get. 3209 02:53:38.840 --> 02:53:43.159 Before you get any search and clit about the guitar 3210 02:53:43.319 --> 02:53:46.920 set and things like that. Portality because the government, like 3211 02:53:47.040 --> 02:53:49.760 your government. Also, there are co people with certain things, 3212 02:53:49.799 --> 02:53:52.799 like for example, when he wanted to band out, they 3213 02:53:52.840 --> 02:53:55.520 said they were going to ban certain things. It was effective, 3214 02:53:55.760 --> 02:54:00.520 so they say, for example, anything that is legal for 3215 02:54:00.559 --> 02:54:02.280 a certain period, I do want to shut it down. 3216 02:54:02.280 --> 02:54:04.159 To shut it down. But can we goes down to 3217 02:54:04.319 --> 02:54:07.000 this question. And that's why I so much like America 3218 02:54:07.920 --> 02:54:10.440 in terms of the fact that see America is not perfect. 3219 02:54:10.840 --> 02:54:12.639 But one of the things I've seen in the financial 3220 02:54:12.680 --> 02:54:17.120 spaces that they protect their properlies. The raratic in PI 3221 02:54:17.600 --> 02:54:20.799 I've seen many times taken, but in agin for example 3222 02:54:20.959 --> 02:54:23.799 inside that's traded. Since I've been coming that space, I've 3223 02:54:23.879 --> 02:54:29.600 not seen anybody gone with that. 3224 02:54:30.159 --> 02:54:35.639 Can't be mad that BMS. Then look look at what 3225 02:54:35.840 --> 02:54:39.559 you mentioned, you know, the fact that elicits. 3226 02:54:39.600 --> 02:54:42.079 So these are things that I feel that over time 3227 02:54:42.520 --> 02:54:45.639 we need to strengthen our institutions boards, you know, like 3228 02:54:45.920 --> 02:54:48.840 I said, we need to also and showed that our 3229 02:54:49.200 --> 02:54:51.440 shows are our political and that was why I was 3230 02:54:51.479 --> 02:54:54.159 stagging the fact that we should not allow. 3231 02:54:54.239 --> 02:54:56.959 Insistent ways is to fire the CBM the sake. 3232 02:54:57.319 --> 02:54:59.239 Look at the United States, for example, that's why the 3233 02:54:59.319 --> 02:55:01.159 fact Trump is about you. 3234 02:55:01.600 --> 02:55:05.200 He can't just the compass they wants to sack Worry 3235 02:55:06.680 --> 02:55:08.120 was wanting him that if you. 3236 02:55:08.200 --> 02:55:11.000 Suck this guy, the market will crash because there's no 3237 02:55:11.239 --> 02:55:12.079 legal go back in. 3238 02:55:12.280 --> 02:55:14.760 So we need things like that. But like you said, 3239 02:55:15.799 --> 02:55:19.000 it's back to it's back to the institutions. If we 3240 02:55:19.120 --> 02:55:21.639 if we, if we think that with the population will 3241 02:55:21.680 --> 02:55:26.040 police itself, were mistaken, there has to be Let me 3242 02:55:26.079 --> 02:55:29.879 give you my argument I'm making before it becomes a ponzy. 3243 02:55:30.280 --> 02:55:33.520 These guys are out in the open, and they're out 3244 02:55:33.600 --> 02:55:36.239 in the open because they know that when they close 3245 02:55:36.319 --> 02:55:38.719 and becoming no longer becoming ponzy around it, we're not 3246 02:55:38.719 --> 02:55:41.360 even happen to them. You can't go to in America. 3247 02:55:41.440 --> 02:55:45.399 Puns can't happen by an error. So made of found 3248 02:55:45.440 --> 02:55:47.280 that there was a loophole when he could just say 3249 02:55:47.360 --> 02:55:49.319 I'm paying you twenty percent and no one cut on 3250 02:55:49.440 --> 02:55:52.440 to him. He didn't wake up and say he knew 3251 02:55:52.479 --> 02:55:54.280 he was going to be That's the point I'm making. 3252 02:55:54.680 --> 02:55:57.159 But here, if people plan and say I'm going to 3253 02:55:57.239 --> 02:56:00.159 be a ponzi, I'll open the bank account, our go 3254 02:56:00.239 --> 02:56:03.399 to e FCC and get little Clarence. I'll go to 3255 02:56:04.440 --> 02:56:07.840 CEC and get letter. I'll have a fancy office. I'll 3256 02:56:07.959 --> 02:56:10.840 donate to charge, I'll donate to chat so so and so, 3257 02:56:11.200 --> 02:56:13.319 and people will come to my office and then I'll 3258 02:56:13.360 --> 02:56:15.680 take all their money and by the fifth year I'll 3259 02:56:15.680 --> 02:56:20.600 buy visa to Barbados and disappear because they know no extradition, 3260 02:56:21.719 --> 02:56:25.200 no Interpol. Who have we extra data in our lives? 3261 02:56:25.239 --> 02:56:27.799 Who have we ever apart from the one that is 3262 02:56:27.840 --> 02:56:31.879 in jail? Which financial guy? Have we ever extra data 3263 02:56:31.920 --> 02:56:36.200 from Nigeria? Who? No one? So if you steal five billion, 3264 02:56:36.239 --> 02:56:38.559 you run to Barbados and you buy a beach house 3265 02:56:38.639 --> 02:56:41.399 and your private security, you are good by they take 3266 02:56:41.479 --> 02:56:43.040 us home, but they're going to be the last take 3267 02:56:43.120 --> 02:56:44.040 us on the We'll call today. 3268 02:56:44.559 --> 02:56:46.600 Thank you so much, Thank you so much, a lot 3269 02:56:46.639 --> 02:56:51.799 of submission. You've actually said everything for your question to. 3270 02:56:52.799 --> 02:56:56.239 Online about you and fine, I don't think if I 3271 02:56:56.399 --> 02:56:58.879 advanced has anything to do about since the counsel of 3272 02:56:58.959 --> 02:57:02.239 anybody from moving on, they're follverybody actually. 3273 02:57:02.000 --> 02:57:06.000 Know they can they do way so blue. If I'm 3274 02:57:06.040 --> 02:57:07.319 a bank I think this is you. 3275 02:57:07.760 --> 02:57:12.120 You said it that the financial set of the police, 3276 02:57:12.440 --> 02:57:15.879 the community, the structure, everything is not working. What are 3277 02:57:15.879 --> 02:57:18.559 there with blueing for there is a lot of Okay, 3278 02:57:18.680 --> 02:57:21.440 you know, sib is a publication. They denounced this kind 3279 02:57:21.479 --> 02:57:22.959 of investment. They denounce it. 3280 02:57:23.559 --> 02:57:27.879 Everybody saw it. You understand, I can to shave my 3281 02:57:28.000 --> 02:57:30.000 money away from the bank. They need to do something 3282 02:57:30.040 --> 02:57:33.280 with my money. But because to go back to the. 3283 02:57:33.319 --> 02:57:37.399 Main question I said in a limbo show, very close 3284 02:57:37.440 --> 02:57:40.399 to Sibet's office is a new structure. 3285 02:57:40.000 --> 02:57:43.959 That was just completed. Nobody we knew before Sybet's office. 3286 02:57:44.239 --> 02:57:45.239 I was there on Tuesday. 3287 02:57:45.680 --> 02:57:47.120 Try to add to a lot of two people questions. 3288 02:57:47.159 --> 02:57:51.600 They actually knew responsive. They actually believe they know hundred 3289 02:57:51.680 --> 02:57:53.000 percent of their new responsive. 3290 02:57:53.520 --> 02:57:55.680 So we've said it all on this platform. They knew, 3291 02:57:55.959 --> 02:57:57.600 but they wanted to get it fast. 3292 02:57:58.159 --> 02:58:01.440 The first person, you understand, and as well, we've called 3293 02:58:01.559 --> 02:58:03.879 traffic testimony. 3294 02:58:04.360 --> 02:58:06.959 My neighbor did collected and so the money my uncle 3295 02:58:07.040 --> 02:58:09.520 brother did you know? They are the disposed and they 3296 02:58:09.760 --> 02:58:13.559 is going to crash. They know, they know it's going 3297 02:58:13.600 --> 02:58:16.719 to crash. And you will be shocked that a lot 3298 02:58:16.760 --> 02:58:18.840 of Ingeria that moved to the UK they did this 3299 02:58:19.040 --> 02:58:20.920 more it was confirmed. 3300 02:58:21.719 --> 02:58:24.639 A friend of mine was telling this that a lot 3301 02:58:24.680 --> 02:58:26.559 of people in their community what they did. 3302 02:58:26.639 --> 02:58:30.799 It it is in Ny. Something is in the Gerian blood. 3303 02:58:30.840 --> 02:58:39.399 Thing is in us Jesus. Yeah, go ahead, I'm not talking. 3304 02:58:39.520 --> 02:58:42.079 Go ahead, is in us? Is in US? 3305 02:58:42.280 --> 02:58:46.440 It's it's it's it's an adjuct to all Jurians. Speaking 3306 02:58:46.479 --> 02:58:49.200 to somebody in the United States. Was telling me about 3307 02:58:49.559 --> 02:58:52.239 how these people can be called, can be stopped, can 3308 02:58:52.319 --> 02:58:56.559 be appreended. I was telling me something about the eys 3309 02:58:56.600 --> 02:58:58.280 A financial ownership information. 3310 02:58:59.040 --> 02:59:01.040 Oh no, this is them is just too bad. This 3311 02:59:01.280 --> 02:59:02.440 time is not helping anybody. 3312 02:59:03.239 --> 02:59:07.600 But there are red flags to investments you're investing to our. 3313 02:59:07.600 --> 02:59:11.799 Indicator platform, that their app cannot be easily downloaded from iOS, 3314 02:59:12.280 --> 02:59:13.479 from place too, from. 3315 02:59:13.440 --> 02:59:17.959 Telegram group alone, five one hundred percents. Wow, it's it's 3316 02:59:18.000 --> 02:59:18.559 actually yours. 3317 02:59:19.319 --> 02:59:22.559 You understand any investments that we ask me to bring 3318 02:59:22.680 --> 02:59:24.680 two people call you. 3319 02:59:24.840 --> 02:59:27.840 You know everything. They all know. They all know. I 3320 02:59:27.840 --> 02:59:30.559 don't pity them. I don't got I only. 3321 02:59:30.479 --> 02:59:35.000 Putty the institution and the community belongs to There is 3322 02:59:35.079 --> 02:59:37.319 nothing about educational and awareness. 3323 02:59:37.719 --> 02:59:40.920 Financially. Everybody knows everything. They know what they want to do. 3324 02:59:41.559 --> 02:59:44.639 No investments can give you such from they know, they 3325 02:59:44.760 --> 02:59:47.239 know it's posive. They're even looking for other Pozy now 3326 02:59:48.479 --> 02:59:49.479 so it is an interial thing. 3327 02:59:50.159 --> 02:59:50.840 Thank you so much. 3328 02:59:52.000 --> 02:59:54.159 Yeah yeah, because I think just for me to close 3329 02:59:54.200 --> 02:59:58.239 down and for allowing to occur, I think everything Worll 3330 02:59:58.319 --> 03:00:01.639 said and us these new bodies copying fans