WEBVTT 1 00:00:06.839 --> 00:00:13.359 Get ready, Hey, is. 2 00:00:13.320 --> 00:00:13.960 This thing on? 3 00:00:14.480 --> 00:00:18.600 February sixth, twenty twenty five. You know, I've always found 4 00:00:18.600 --> 00:00:20.399 that to be the dumbest thing I ever heard. When 5 00:00:20.399 --> 00:00:22.399 somebody tries to speak into a mic and says, you know, 6 00:00:22.480 --> 00:00:24.600 is this thing on? You know right away if it's 7 00:00:24.640 --> 00:00:28.800 on or not. It's impossible not to know that. Anyhow, 8 00:00:28.920 --> 00:00:30.920 Look here we are, we're live. I mean, if you're 9 00:00:31.000 --> 00:00:33.200 live on a mic in a room, you definitely know 10 00:00:33.280 --> 00:00:36.359 if you're on or not. And if not, what good 11 00:00:36.439 --> 00:00:39.759 is that mic? But anyhow, it is a Thursday Thursday, 12 00:00:39.840 --> 00:00:42.640 and you know, somebody I haven't spoken to in months, 13 00:00:43.159 --> 00:00:47.320 and really I guess not much since I think we 14 00:00:47.399 --> 00:00:51.840 might have recapped the Lancer conference maybe, and then that 15 00:00:52.039 --> 00:00:54.880 was it. I was sick after that and then the holidays, 16 00:00:54.920 --> 00:00:58.520 and God help us, all reality has shifted now. But 17 00:00:59.200 --> 00:01:01.759 Mike Swanson Wall Street Window dot com, you know you 18 00:01:01.799 --> 00:01:03.320 can still go over there and sign up for his 19 00:01:03.399 --> 00:01:06.560 email list. Last I looked, and I would if I 20 00:01:06.680 --> 00:01:09.840 was you, because one of the only places that doesn't 21 00:01:09.840 --> 00:01:15.120 seem to be suffering from the effects of of I 22 00:01:15.159 --> 00:01:18.599 don't know what to make of the current reality, but anyway, 23 00:01:18.719 --> 00:01:21.079 it is news. It's all that stuff. Mike Swanson the 24 00:01:21.120 --> 00:01:24.640 author of the War State and of course Why the 25 00:01:24.760 --> 00:01:27.439 Vietnam War. And we're looking forward to seeing what Mike 26 00:01:27.719 --> 00:01:31.680 might come up with this year into next as far 27 00:01:31.719 --> 00:01:35.319 as you know authorship, I'm anxious to see, I mean 28 00:01:35.400 --> 00:01:38.040 because at least I know I'm gonna get some sanity. 29 00:01:38.599 --> 00:01:40.719 Mike Swanson, How you doing, man, all. 30 00:01:40.640 --> 00:01:42.120 I'm doing good. It's great to talk to you. 31 00:01:42.120 --> 00:01:44.200 I'm glad you're feeling a lot better than you were 32 00:01:44.239 --> 00:01:45.079 a couple of weeks ago. 33 00:01:45.120 --> 00:01:45.319 Too. 34 00:01:46.040 --> 00:01:48.599 Well, for a couple of months I was in rough shape. 35 00:01:49.200 --> 00:01:51.359 And now people are going to notice that he sounds 36 00:01:51.359 --> 00:01:53.719 a little weird. I got a cold too, but I'm 37 00:01:53.760 --> 00:01:57.079 getting over it. And the cold the bad head called 38 00:01:57.159 --> 00:02:00.840 was like, well, this headache sucks, but this is nothing 39 00:02:00.879 --> 00:02:05.040 compared to, you know, a feeling like you're fading from reality. 40 00:02:05.519 --> 00:02:09.159 So it's just a cold. And no, it's not the 41 00:02:09.159 --> 00:02:12.000 the the what, the rona or the VID or whatever 42 00:02:12.039 --> 00:02:15.000 it is they're calling it nowadays. But yeah, I got 43 00:02:15.000 --> 00:02:16.680 some kind of head cold, but I'm getting over it. 44 00:02:17.719 --> 00:02:20.000 How's your health been? Have you been good all this time? 45 00:02:20.080 --> 00:02:22.400 I mean again, we we kind of communicated here and 46 00:02:22.439 --> 00:02:25.360 there and we did speak off there, but nobody's heard 47 00:02:25.360 --> 00:02:28.960 from you in my little universe here. So how have 48 00:02:29.000 --> 00:02:29.360 you been. 49 00:02:30.159 --> 00:02:35.240 Oh, my health has been fine. I just take a 50 00:02:35.360 --> 00:02:39.120 year ago. Last year, I just slowed down and as 51 00:02:39.120 --> 00:02:42.439 far as putting out content on the Internet and engaging 52 00:02:42.520 --> 00:02:48.479 in you know, media stuff across the board, and slowed down. 53 00:02:48.599 --> 00:02:52.080 I'm still in that mode, uh right, because they just 54 00:02:52.080 --> 00:02:56.919 think everything's so chaotic and uh well, every amount of influence. 55 00:02:56.520 --> 00:02:59.879 Everything has changed, right, this is what well I. 56 00:03:00.759 --> 00:03:05.840 Was came to this feeling before Trump was elected. This 57 00:03:06.039 --> 00:03:09.599 was you know, before the election. 58 00:03:10.000 --> 00:03:12.879 Well, see, you're good at recognizing this stuff ahead of 59 00:03:12.919 --> 00:03:15.120 when we're all choking on it, which is, you know, 60 00:03:15.199 --> 00:03:17.800 why you were able to make Let's be honest, this 61 00:03:17.840 --> 00:03:19.400 is why you were able to make a living, you know, 62 00:03:19.520 --> 00:03:22.080 in the stock market and even with the hedge fund, 63 00:03:22.120 --> 00:03:25.599 and that you know earlier, is because you could recognize 64 00:03:25.680 --> 00:03:30.199 things before they really struck. Okay, And and I've noticed 65 00:03:30.240 --> 00:03:31.560 that about you. 66 00:03:31.319 --> 00:03:32.120 You're not a. 67 00:03:32.000 --> 00:03:34.879 Panic guy or anything, but you always tell me stuff 68 00:03:34.919 --> 00:03:36.879 like ahead of time, like look, things are about to 69 00:03:36.919 --> 00:03:40.520 get a little weird here. Uh And you're you're you 70 00:03:40.560 --> 00:03:43.560 know right most of the time. And I mean the 71 00:03:43.639 --> 00:03:44.400 majority of the time. 72 00:03:44.400 --> 00:03:47.800 Oh, in that vein, I got good and bad news. 73 00:03:48.000 --> 00:03:50.639 Yes see, there you go, And that's the weird I 74 00:03:50.719 --> 00:03:53.599 saw these weird movements in the stock market. Now, as 75 00:03:53.680 --> 00:03:55.719 you well know, I'm the guy who says, look, it's 76 00:03:55.719 --> 00:03:58.919 a casino and it ain't my casino. But I know 77 00:03:59.039 --> 00:04:02.360 that this effects a lot of people, and it affects 78 00:04:02.400 --> 00:04:05.400 people mentally, I think more than it does financially most 79 00:04:05.479 --> 00:04:08.199 I mean, well, not more than. Let's say, it affects 80 00:04:08.280 --> 00:04:13.280 more people mentally than it does people financially directly, because 81 00:04:13.319 --> 00:04:17.319 it literally sets people's minds going in a certain way 82 00:04:17.439 --> 00:04:20.600 about how the conditions are in the country, even if 83 00:04:20.600 --> 00:04:24.319 they're not directly involved in the stock market. Right, So 84 00:04:24.959 --> 00:04:26.600 I know that it's one of those things, like you 85 00:04:26.639 --> 00:04:30.439 know again, I mean Trump the example, why not you know, 86 00:04:30.480 --> 00:04:32.399 when the stock market's up, He's like, hey, it's up 87 00:04:32.439 --> 00:04:34.839 because I'm doing a good job. Doesn't mean that it 88 00:04:34.879 --> 00:04:37.639 has anything to do with him, but he'll take that 89 00:04:37.720 --> 00:04:41.519 credit and most people will accept that, and other people 90 00:04:41.560 --> 00:04:43.800 do that too. You know what the market's doing, well, 91 00:04:43.839 --> 00:04:46.079 that means I'm doing a good job. America is in 92 00:04:46.079 --> 00:04:50.680 good shape. Well, here's the strange thing. There's very bipolar 93 00:04:50.720 --> 00:04:54.759 reactions happening to like everything every other day seems like, 94 00:04:54.839 --> 00:04:57.240 you know, whether it's the tariffs or the you know, 95 00:04:57.279 --> 00:05:01.600 a parent or upcoming or possible trade wars or deep 96 00:05:01.680 --> 00:05:05.759 mass deportations, how's that could effect us? Or or now 97 00:05:05.879 --> 00:05:09.319 now we're gonna we're gonna own the Godza strip all 98 00:05:09.360 --> 00:05:12.720 those things, right, and the market is moving based on 99 00:05:12.759 --> 00:05:16.040 some of these things. Uh, but what I don't know 100 00:05:16.040 --> 00:05:19.399 how to even follow what's happening, Like, is the market 101 00:05:19.439 --> 00:05:21.800 now even though it was the fast moving thing before, 102 00:05:21.879 --> 00:05:26.279 is it moving too slow to keep up with the 103 00:05:26.360 --> 00:05:29.839 latest declaration and the latest thing that the latest shockwave 104 00:05:29.879 --> 00:05:33.879 we're all like riding on. How do you think that's going, Mike? 105 00:05:33.920 --> 00:05:36.120 I mean, is that is that a truism? I mean, 106 00:05:36.480 --> 00:05:38.000 help me understand this. 107 00:05:40.519 --> 00:05:46.079 Well, it went up the last two years back to back. 108 00:05:46.399 --> 00:05:48.279 Oh yeah, but they pay no attention to that because 109 00:05:48.279 --> 00:05:50.519 Biden is blown. I mean, look, everything sucked for us, 110 00:05:50.560 --> 00:05:53.240 so Biden was blowing up the economy and most people 111 00:05:53.279 --> 00:05:55.240 think the market must not have been going. Nobody talked 112 00:05:55.240 --> 00:05:57.920 about it really past two years, you know what I mean, 113 00:05:57.920 --> 00:06:02.519 It wasn't the mainstream focus. But police continue the past 114 00:06:02.560 --> 00:06:05.800 two years went up, go ahead. 115 00:06:05.120 --> 00:06:06.959 Well, it's unlikely. 116 00:06:07.160 --> 00:06:11.199 You know, if a financial market goes up two years 117 00:06:11.240 --> 00:06:14.839 twenty percent, it's not likely to do that again. And 118 00:06:14.879 --> 00:06:18.040 then in the third year it's likely to actually do 119 00:06:18.279 --> 00:06:24.279 very little. And since Trump's been in office, Uh, there 120 00:06:24.399 --> 00:06:29.000 been two moments where the stock market had a big 121 00:06:29.199 --> 00:06:32.560 down opening but then came back. 122 00:06:33.240 --> 00:06:36.920 And one was a couple of weeks ago, the news was. 123 00:06:36.839 --> 00:06:42.319 That China has some AI app that's competing with Google 124 00:06:42.439 --> 00:06:47.839 and Apple and who you know these American AI companies, Yeah, 125 00:06:47.879 --> 00:06:52.959 this this thing, they're right. And then this Monday when 126 00:06:53.079 --> 00:06:57.160 the tariff, Trump's tariff announcements hit the market. 127 00:06:57.399 --> 00:07:00.680 But both at times happened. 128 00:07:01.800 --> 00:07:05.720 The market turned around and rallied and it really had 129 00:07:06.040 --> 00:07:11.319 no impact. Now, the action two weeks ago is very 130 00:07:11.319 --> 00:07:16.839 interesting because a lot of the companies involved with AI 131 00:07:18.120 --> 00:07:24.360 fell substantially, one of them being Navidio, which has now 132 00:07:24.480 --> 00:07:28.000 become there has been one of the most widely owned 133 00:07:28.000 --> 00:07:30.439 stocks and the entire stock market among people because it's 134 00:07:30.439 --> 00:07:32.199 been one of the best performing stocks. 135 00:07:32.240 --> 00:07:36.560 It fell seventeen percent two weeks ago. 136 00:07:36.920 --> 00:07:41.759 That Monday, but the market averages didn't follow that much. 137 00:07:42.519 --> 00:07:51.399 And what happened was that individual people investors. They used 138 00:07:51.439 --> 00:07:54.839 it as a buying opportunity. They buy ETFs and other stocks, 139 00:07:54.879 --> 00:07:57.720 and they do this all the time, every single day. 140 00:07:58.120 --> 00:08:02.319 And as long as they have jobs and don't need 141 00:08:02.480 --> 00:08:05.480 to take the money out of their accounts, they're like, 142 00:08:05.680 --> 00:08:07.839 they're just going to keep doing this, and they're they're 143 00:08:07.879 --> 00:08:13.600 helping provide a cushion for the stock market, uh and 144 00:08:14.879 --> 00:08:20.759 all that. So that's one thing helping the market stay afloat. 145 00:08:21.639 --> 00:08:25.040 But as I said before, when something has a big 146 00:08:25.120 --> 00:08:32.679 move in two years, typically it'll eventually go sideways and 147 00:08:32.759 --> 00:08:35.480 not do anything for nut for a year or six 148 00:08:35.559 --> 00:08:38.360 months or twelve months or a little longer. I think 149 00:08:38.399 --> 00:08:41.799 that's really what's happening in the big picture, and these 150 00:08:42.360 --> 00:08:44.480 you know, daily moves up and down. I don't think 151 00:08:44.840 --> 00:08:47.759 a really it's going to mean that much. I just 152 00:08:47.840 --> 00:08:50.240 I don't really think much is going to happen in 153 00:08:50.600 --> 00:08:55.320 the stock market, and probably not even the economy, uh 154 00:08:55.440 --> 00:08:56.159 for that matter. 155 00:08:56.480 --> 00:08:59.360 Well, it does get people's attention, right, And I'd say 156 00:08:59.480 --> 00:09:02.279 something else I thought of, Well, you and I hadn't 157 00:09:02.279 --> 00:09:05.559 spoken that I saw and it's exactly the opposite of 158 00:09:05.600 --> 00:09:08.559 what we were just talking about, is uh, you see 159 00:09:08.559 --> 00:09:13.200 this algorithm based on Paul and Nancy Pelosi's stock moves, 160 00:09:13.200 --> 00:09:16.440 like they're tracking what they're doing and offering it as 161 00:09:16.519 --> 00:09:19.759 like a trading uh saw. 162 00:09:19.840 --> 00:09:21.440 And it's exactly the right. 163 00:09:21.759 --> 00:09:24.639 Did you see that where they offered as a you know, 164 00:09:24.720 --> 00:09:27.879 like a trading algorithm like follow this the Paul and 165 00:09:28.000 --> 00:09:29.120 Nancy plan or whatever. 166 00:09:29.360 --> 00:09:32.840 I haven't seen it, but I believe yeah, selling something 167 00:09:32.960 --> 00:09:34.039 like that, I can believe it. 168 00:09:34.200 --> 00:09:36.320 Yeah. I thought it was hilarious. And I thought to 169 00:09:36.360 --> 00:09:38.559 you immediately, not because you would do something like that, 170 00:09:38.639 --> 00:09:40.960 but because I knew it was like Michael would definitely 171 00:09:40.960 --> 00:09:43.360 call this out as you know, of course, this is 172 00:09:43.399 --> 00:09:45.799 some new gimmick. And that's the thing about the stock 173 00:09:45.840 --> 00:09:49.080 market is no matter what, there's always a new a 174 00:09:49.120 --> 00:09:51.840 new gimmick with the you know, with some other new 175 00:09:51.840 --> 00:09:55.080 way to like, you know, whether it's Robin Hood or 176 00:09:55.159 --> 00:09:58.279 it's you know, uh. In the nineties, I think it 177 00:09:58.320 --> 00:10:01.960 was bigger with the with it day traders were like, hey, 178 00:10:02.000 --> 00:10:04.600 now you could just sit at home and trade, you know, 179 00:10:04.679 --> 00:10:08.039 and stuff like this, like they were offering access uh 180 00:10:08.080 --> 00:10:11.000 and and different access points and then different strategies, and 181 00:10:11.480 --> 00:10:13.799 I mean, and that's what that business has become, right, 182 00:10:13.879 --> 00:10:16.240 I mean, this is I think partially why you sort 183 00:10:16.240 --> 00:10:18.559 of got out of it, or am I wrong about that? 184 00:10:19.360 --> 00:10:23.039 Yeah, No, you're right, it's it's it's a lot of 185 00:10:23.320 --> 00:10:24.200 carnival barking. 186 00:10:24.840 --> 00:10:27.159 Well, yeah, I mean this is partially why, like, you know, 187 00:10:27.200 --> 00:10:30.639 I've stepped away from the labels of like alternative media 188 00:10:30.720 --> 00:10:32.879 and all, because it's like, no, I don't want to 189 00:10:32.879 --> 00:10:36.399 be associated with these characters that are doing certain things 190 00:10:36.480 --> 00:10:39.000 or claiming certain things. I don't want to be anywhere 191 00:10:39.000 --> 00:10:42.639 near it anymore because it's it just doesn't you know, 192 00:10:42.879 --> 00:10:45.080 it doesn't stand with the results that people are going 193 00:10:45.159 --> 00:10:46.559 to get out of it. I don't want to be 194 00:10:46.679 --> 00:10:50.279 even remotely associated. And that might be where you're at too, 195 00:10:50.480 --> 00:10:52.360 you know, you like you actually have an idea that 196 00:10:52.399 --> 00:10:53.879 you don't want to harm people. 197 00:10:54.240 --> 00:10:58.039 Right you know, well, yeah, this sort of stuff in 198 00:10:58.080 --> 00:11:03.720 the financial markets, you know, right, Trump got inaugurated, it's 199 00:11:03.759 --> 00:11:04.840 not even been a month. 200 00:11:06.000 --> 00:11:08.600 In forty eight hours. 201 00:11:08.759 --> 00:11:13.039 Before he took the oath of office, he launched. 202 00:11:12.559 --> 00:11:14.200 A meme coin. 203 00:11:14.559 --> 00:11:16.279 Yeah, the crypto, a. 204 00:11:16.200 --> 00:11:20.559 Trump meme coinin in his you know, the family did 205 00:11:20.559 --> 00:11:24.960 it his family business. You know, he's not at this point, 206 00:11:25.039 --> 00:11:27.200 you know, it's just not just him, it's the family, 207 00:11:28.000 --> 00:11:34.600 and it achieved evaluation instantly if billions of dollars fifty 208 00:11:34.639 --> 00:11:37.480 four billion I think was the number. And then they 209 00:11:37.519 --> 00:11:40.799 followed that up after he got in office with a 210 00:11:40.840 --> 00:11:43.960 Milania coin, and. 211 00:11:50.840 --> 00:11:53.879 It's just amazing. That's that's he is the king of crypto. 212 00:11:53.960 --> 00:11:57.320 Now, how did the Milania coin do? I wonder? Wonder? 213 00:11:57.360 --> 00:12:00.240 And also now he's actually a billionaire. I'm I mean 214 00:12:00.279 --> 00:12:02.600 before you could argue and you can talk about what's 215 00:12:02.600 --> 00:12:06.480 his debt versus and everything else, but that actually made 216 00:12:06.519 --> 00:12:08.559 him a millionaire. I mean you got to give him that, 217 00:12:09.759 --> 00:12:13.720 right yeah, yeah, But now you know, how did Malania 218 00:12:13.759 --> 00:12:16.279 coin do that? I mean that first initial meme coin, 219 00:12:16.320 --> 00:12:18.960 I was like, well, of course the people that really 220 00:12:18.960 --> 00:12:21.679 believe in what it is he's doing are and that's 221 00:12:21.720 --> 00:12:22.799 what sells something like that. 222 00:12:23.080 --> 00:12:33.200 Right, Well, it reached a evaluation of close to close 223 00:12:33.240 --> 00:12:37.360 to ten billion dollars. No, that's not bad, and it's 224 00:12:37.440 --> 00:12:41.320 fallen though it's now only worth seven hundred million. But 225 00:12:42.799 --> 00:12:46.879 you know the thing about it is that for the Trumps, 226 00:12:47.440 --> 00:12:51.000 that's didn't cost them anything to do, right, you know, 227 00:12:51.080 --> 00:12:53.879 that's just money out of thin air that they create 228 00:12:53.919 --> 00:12:58.960 in the crypto market, and some people are arguing that 229 00:12:59.000 --> 00:13:01.879 this is a very correc thing for them to have done. 230 00:13:03.200 --> 00:13:06.840 To take advantage of, you know, going into office and 231 00:13:06.879 --> 00:13:09.399 doing something like that, you kind of have to go 232 00:13:09.559 --> 00:13:19.799 back to the Coolidge administration or really the the what's 233 00:13:19.840 --> 00:13:23.399 his name, the Grant administration. There is a manipulation in 234 00:13:23.440 --> 00:13:27.519 the price of gold that took place in the Grand administration, 235 00:13:27.720 --> 00:13:31.039 not by the President himself, but by some people who 236 00:13:31.159 --> 00:13:36.000 were associated with them and used that relationship to operate 237 00:13:36.159 --> 00:13:40.600 at what that time was a criminal operation. This though, 238 00:13:42.480 --> 00:13:46.879 is not really a regulated market, and they've promised to 239 00:13:46.960 --> 00:13:52.120 eliminate any regulations that are out there. That said, there 240 00:13:52.279 --> 00:13:56.000 is an internet celebrity last year to talk to a 241 00:13:56.080 --> 00:14:00.799 girl who in December created a coin, probably under the 242 00:14:00.840 --> 00:14:02.039 influence of other people. 243 00:14:02.120 --> 00:14:05.120 I doubt she knew what she was getting involved in. 244 00:14:05.639 --> 00:14:10.039 It crashed, and ever since then she's completely vanished and 245 00:14:10.080 --> 00:14:12.360 she's being charged with crimes. 246 00:14:13.480 --> 00:14:17.120 Well, so, I mean, a weird thing happened a couple 247 00:14:17.159 --> 00:14:19.960 of years ago with that guy, mister Beast too, right 248 00:14:20.559 --> 00:14:23.200 where there was like some sort of mister Beast coin 249 00:14:24.039 --> 00:14:27.360 that was creative. And the weird thing about that is 250 00:14:27.399 --> 00:14:30.200 that it's kind of not clear as to whether he 251 00:14:30.240 --> 00:14:34.639 even knew about it. And that's a strange thing where 252 00:14:34.679 --> 00:14:36.600 at certain points, I mean, there's a lot of shady 253 00:14:36.639 --> 00:14:37.440 stuff that's gone on. 254 00:14:37.879 --> 00:14:42.039 Well, now you know, we've just spoken about the official, 255 00:14:42.120 --> 00:14:45.600 the real Donald Trump coin. Now there's all these knockoffs, 256 00:14:45.639 --> 00:14:48.279 you know, Maggot coin this, and you know, stuff with 257 00:14:48.360 --> 00:14:51.919 Trump's name in it, and people were really trying to 258 00:14:51.960 --> 00:14:55.879 fool people into thinking they're Trump when they're not a 259 00:14:56.039 --> 00:14:58.080 very horrible thing to do, but. 260 00:14:58.080 --> 00:14:59.720 It's just like, but it's just like that thing I 261 00:14:59.759 --> 00:15:01.720 told about it the flea market where you got like 262 00:15:01.799 --> 00:15:04.440 the Maga you know, a stall at the flea market 263 00:15:04.919 --> 00:15:07.240 where yeah, they're selling the Maga hats and all that. 264 00:15:07.720 --> 00:15:10.639 And the funny thing is though they're not actually the 265 00:15:10.759 --> 00:15:13.440 things that the president is selling. They're not being sold 266 00:15:13.440 --> 00:15:14.639 by the virtual campaigner. 267 00:15:15.320 --> 00:15:16.200 Whether you know. 268 00:15:17.919 --> 00:15:22.919 About saying it's a corrupt act, some people say that, but. 269 00:15:23.200 --> 00:15:24.919 That's the funther thing. You agree with that or not. 270 00:15:25.519 --> 00:15:27.399 That's the funny thing to me is that even though 271 00:15:27.399 --> 00:15:28.799 I'm one of these guys who is, like you know, 272 00:15:28.840 --> 00:15:31.440 almost always first to tell you, look, Trump is corrupt 273 00:15:31.519 --> 00:15:36.000 or whatever, in this case, he's actually taken advantage of 274 00:15:36.039 --> 00:15:39.679 a pocket of time where there's no regulation, saying that 275 00:15:40.120 --> 00:15:42.120 there's really nothing wrong with what he did. 276 00:15:42.399 --> 00:15:43.720 He's not broken any lost. 277 00:15:43.960 --> 00:15:49.200 What he has done is review revealed the true purpose 278 00:15:49.240 --> 00:15:50.600 of the crypto market, right. 279 00:15:51.240 --> 00:15:52.200 That's the crate. 280 00:15:53.679 --> 00:15:56.960 Riches overnight for people who can create these coins or 281 00:15:56.960 --> 00:16:03.240 manipulate these coins. And I understand it only costs like 282 00:16:04.559 --> 00:16:07.639 less than ten thousand dollars maybe five or six to 283 00:16:07.720 --> 00:16:08.840 create a coin yourself. 284 00:16:08.879 --> 00:16:10.799 Anyone can create a coin. 285 00:16:11.080 --> 00:16:13.559 Yeah, you just got to get people. 286 00:16:13.399 --> 00:16:15.120 To buy it a few it's the hard part. 287 00:16:15.200 --> 00:16:17.399 A few years ago, I don't know if we you 288 00:16:17.440 --> 00:16:19.360 and I talked about this a few years ago. There 289 00:16:19.399 --> 00:16:22.279 was a way, maybe like five six years ago, there 290 00:16:22.320 --> 00:16:26.399 wasn't even cheaper methodology to creating a coin, and like 291 00:16:26.440 --> 00:16:29.320 you were, you and I could have created coins. And 292 00:16:29.399 --> 00:16:31.759 I remember talking with you about this and I said, 293 00:16:31.799 --> 00:16:33.679 you know, we could just make coins, but I don't 294 00:16:33.679 --> 00:16:36.240 think it would it's not going to do as any good. 295 00:16:36.279 --> 00:16:38.480 And even if so, they're gonna be worth two dollars apiece, 296 00:16:39.279 --> 00:16:42.720 you know, but hell, it would be a fictitious thing. 297 00:16:42.840 --> 00:16:44.759 Like I told you about how they sell magic cards 298 00:16:44.759 --> 00:16:46.480 online and you get, you know, a picture of a 299 00:16:46.519 --> 00:16:49.080 magic card and it says you own it and whatever, 300 00:16:49.120 --> 00:16:50.840 and it goes into your little wallet that you can 301 00:16:50.919 --> 00:16:53.279 use in the game or whatever. But that's it. It 302 00:16:53.320 --> 00:16:57.879 doesn't actually physically exist. There's no tangible you know, resale 303 00:16:57.960 --> 00:17:00.480 value except to somebody else who thinks it has value. 304 00:17:01.000 --> 00:17:03.120 And that's the way it is. And that's what this is, is 305 00:17:03.039 --> 00:17:06.920 a giant like landscape of these things now right or 306 00:17:06.960 --> 00:17:08.079 am i or am I seeing this? 307 00:17:08.359 --> 00:17:11.279 That's what it is, you know, thousands of them. 308 00:17:11.519 --> 00:17:14.440 I think it's like in the days when again in 309 00:17:14.480 --> 00:17:17.279 the nineties right there, there were the when the big 310 00:17:17.279 --> 00:17:20.720 old online games came out and you started being able 311 00:17:20.720 --> 00:17:22.920 to sell like your gold pieces from the game. People 312 00:17:22.920 --> 00:17:26.440 would sell them on eBay and people were like upset 313 00:17:26.440 --> 00:17:28.319 about it, like how are you selling these fake gold 314 00:17:28.359 --> 00:17:32.200 pieces for real money? And I'm like, because somebody wants them, 315 00:17:32.519 --> 00:17:35.720 And that's the nature of that. That that's like the 316 00:17:35.799 --> 00:17:40.440 nature of everything is it only has value if somebody 317 00:17:40.480 --> 00:17:44.799 believes it does. And that's the way everything works. You know, Like, 318 00:17:45.039 --> 00:17:48.160 why is it that, for instance, you know, a loap 319 00:17:48.200 --> 00:17:51.680 of bread is only this amount of money because that's 320 00:17:51.680 --> 00:17:53.480 what people figure it's worth. You know, you get a 321 00:17:53.519 --> 00:17:54.920 couple of days worth of food out of it, or 322 00:17:54.960 --> 00:17:56.400 you can feed a couple of people with a loap 323 00:17:56.440 --> 00:17:59.279 of bread. Therefore it's worth a couple of bucks. And 324 00:17:59.319 --> 00:18:02.359 that's it. That's the way this works. And you know, 325 00:18:02.480 --> 00:18:06.319 most places and most producers of any product, whether it's 326 00:18:06.319 --> 00:18:10.359 something practical or otherwise, will usually find their spot in 327 00:18:10.400 --> 00:18:13.279 the market and sell it at the maximum value they 328 00:18:13.279 --> 00:18:15.200 can get. And that's I don't know the way the 329 00:18:15.200 --> 00:18:20.000 world works. Maybe I'm crazy. So whether it's a physical, 330 00:18:20.079 --> 00:18:25.279 tangible thing or it's imaginary, it's kind of irrelevant because 331 00:18:25.519 --> 00:18:27.880 it just is. And at this time now, one could 332 00:18:27.960 --> 00:18:31.359 argue that he has control over the things that should 333 00:18:31.400 --> 00:18:35.079 be regulating this, that should be looking into this, and 334 00:18:35.359 --> 00:18:39.079 obviously he's not going to bust himself. But isn't it 335 00:18:39.119 --> 00:18:41.119 weird a couple of years from now, somebody might have 336 00:18:41.160 --> 00:18:44.359 a whole bunch of regulations in place where we look 337 00:18:44.440 --> 00:18:46.119 back on this and go, gee, you know, if these 338 00:18:46.240 --> 00:18:48.440 regulations were there, Trump would have really been in trouble 339 00:18:48.480 --> 00:18:51.799 for real. But maybe not. I don't know, you know, 340 00:18:51.880 --> 00:18:53.359 I don't know how this is going to go or 341 00:18:53.400 --> 00:18:54.680 if it's going to be one of those things that 342 00:18:54.759 --> 00:18:57.680 disappears or what I mean. As a matter of fact, 343 00:18:57.759 --> 00:19:02.720 I remember at one point somehow the bitcoin was on 344 00:19:03.480 --> 00:19:07.400 literally the same a server that was carrying the Magic cards. 345 00:19:07.440 --> 00:19:08.920 That's why I brought up to magic cards in the 346 00:19:08.920 --> 00:19:12.039 first place. It was the mount Gox scandal. Do you 347 00:19:12.119 --> 00:19:12.519 remember that. 348 00:19:13.480 --> 00:19:16.759 Oh? Yeah, sure, it was a crypto crash, exchange crash. 349 00:19:16.880 --> 00:19:19.039 Yeah, because all of a sudden nobody could get a 350 00:19:19.039 --> 00:19:22.799 hold of the exchange that was held under the Magic 351 00:19:22.839 --> 00:19:26.119 Cards and I knew about the Magic Cards server, and yeah, 352 00:19:26.119 --> 00:19:28.319 that's what happened, is that somebody didn't have a key 353 00:19:28.359 --> 00:19:31.599 anymore to something and boom. These people that had you know, 354 00:19:31.640 --> 00:19:35.279 money invested, they couldn't get their coins. They were just 355 00:19:35.319 --> 00:19:39.079 locked off. Boom gone. You know. And there's a strange 356 00:19:39.079 --> 00:19:41.279 thing at the center of bitcoin anyway, where there's like, 357 00:19:41.319 --> 00:19:44.680 you know, a trillion dollars worth of coin now sitting 358 00:19:44.720 --> 00:19:47.559 in a wallet that was allegedly created by the creator 359 00:19:47.559 --> 00:19:49.960 of the coin in the first place, that has never 360 00:19:50.039 --> 00:19:53.000 been accessed. And I'm sure you know about that too, right. 361 00:19:54.640 --> 00:19:56.720 I'm just saying it's a weird world. It is not. 362 00:19:57.519 --> 00:20:01.799 In one way, it's very understandable way everything works. Something 363 00:20:01.839 --> 00:20:04.640 new comes into existence and then finds a market value 364 00:20:04.640 --> 00:20:07.160 and there it is, or it doesn't and it goes away, 365 00:20:08.279 --> 00:20:09.920 you know, sort of like the idea of like, why 366 00:20:10.000 --> 00:20:12.039 is it that people are you know, hey, where can 367 00:20:12.079 --> 00:20:15.000 I buy a VCR mike? You can't generally speaking, I mean, 368 00:20:15.000 --> 00:20:17.519 you might be able to find one, but nobody's making 369 00:20:17.559 --> 00:20:22.119 them because people are not demanding them, so therefore no VCRs. Okay, 370 00:20:22.559 --> 00:20:25.240 But in the case of if there's a demand for something, 371 00:20:26.519 --> 00:20:28.519 you'll be able to get a price for it, cheap 372 00:20:28.720 --> 00:20:32.559 or expensive or what doesn't matter. So I don't know, 373 00:20:32.680 --> 00:20:36.160 I don't see the foul even it's a little weird 374 00:20:36.720 --> 00:20:38.599 and it seems a little suspect that, you know, right 375 00:20:38.640 --> 00:20:40.880 before he goes into office, let me let me now 376 00:20:40.920 --> 00:20:42.119 become a billionaire for real? 377 00:20:42.720 --> 00:20:44.359 But what the hell? 378 00:20:44.440 --> 00:20:49.160 I actually don't see where somebody can legitimately complain about 379 00:20:49.160 --> 00:20:53.000 it anyway. I'm sorry, go ahead, but what are your 380 00:20:53.000 --> 00:20:54.960 thoughts on that? I mean, I'm breaking it down from 381 00:20:55.400 --> 00:20:57.960 a very common standpoint here, but this just seems to 382 00:20:57.960 --> 00:20:59.039 be the way of the world to me. 383 00:21:00.079 --> 00:21:02.400 Oh, he's the king of crypto, more is. 384 00:21:03.680 --> 00:21:05.640 I don't know, he's also got I know, he got 385 00:21:05.640 --> 00:21:10.200 a season desist from the guitar people. You see that 386 00:21:10.279 --> 00:21:14.720 because he got the you know, the Trump guitars and okay, yeah, 387 00:21:14.720 --> 00:21:17.400 it looks too much like I forget Les Paul or 388 00:21:17.559 --> 00:21:19.920 one of the one of the big guitar makers like 389 00:21:20.000 --> 00:21:21.839 sent to the season to assist because it's way too 390 00:21:21.920 --> 00:21:26.839 much like their design, you know, his mega guitar. Oh okay, yeah, 391 00:21:26.880 --> 00:21:29.160 And but but things, you know what, give it enough time. 392 00:21:29.240 --> 00:21:31.079 Things change. I mean, at one point, didn't he just 393 00:21:31.160 --> 00:21:33.599 perform with the village people too? And for a little while, 394 00:21:33.640 --> 00:21:35.759 weren't they saying they didn't really want him using their song? 395 00:21:36.839 --> 00:21:39.640 You know, I'm just saying, just saying things are changing. 396 00:21:40.680 --> 00:21:43.440 So uh, you know, who am I to argue? Well, 397 00:21:43.680 --> 00:21:46.440 I'm gonna argue all the time, but it doesn't mean 398 00:21:46.480 --> 00:21:48.880 I'm gonna win any argument or anybody else is. So 399 00:21:49.039 --> 00:21:51.720 it is what it is. Uh, And you got to 400 00:21:51.720 --> 00:21:53.759 recognize that some things are just gonna go that way. 401 00:21:53.759 --> 00:21:55.759