Indexed by the Research DeskTranscript AI-assisted from the recordingNot investment advice
Key points
- AI is projected to drive significant economic growth and solve complex global problems, leading to an age of empowerment and abundance.
- Gold is primarily seen as a tool for wealth preservation rather than an act of greed, contrasting with the desire for more material possessions.
- Bitcoin is presented as a superior form of money due to its inflation-proof and decentralized nature, offering a hedge against government-controlled fiat.
- Privacy-focused cryptocurrencies like
Covered in this episode
Transcript
Show the full transcript (6 segments, 20,502 words)
[Part 1 of 6] [David] [00:00] dollars worth of digital credit this year. And the most successful IPO of the year was stretch, it's STR C. It was two and a half billion dollars. I couldn't have done any of it without AI. If if we had not had AI, we would be $8 billion less. We had five IPOs, none of them would have happened because I used the AI to design the securities and solve all the tax problems and all the securities law issues. You know, so I like I'm a big believer in using AI to design new things. And look, I'm just I I focus upon digital credit and security, but there's someone there thinking about how to make the car drive and cure cancer and like like aren't there like a hundred million problems the human race has to solve that we that you're like, well, you're going to need a thousand people with PhD to solve that. Well, guess what? Now every 16-year-old has a thousand PhDs at their fingertips. And so I I'm very bullish the world's going to be a much better place and and we're going to see an age of empowerment and abundance because of digital technology. [Guest: Peter Schiff] [01:09] People are greedy when they also try to acquire gold. [David] [01:11] Not really. I mean, people who buy gold are trying to preserve. [Guest: Peter Schiff] [01:14] People are greedy centuries. We have centuries of people being greedy to go ahead and acquire gold. [David] [01:19] Well, no, well, you're talking about to acquire wealth. Yes, people are greedy in that they want they want more things and there's nothing wrong with that. But when they're converting what they've earned into gold, that's not the greed part. That's the preservation part. I I I've I've earned all this money because I was greedy. Now I don't want to lose it. I want to store it so I can use it later. I don't want to blow it all right now. I want to hold on to it. And, you know, gold is a way to do that. You can't really do that in a fiat currency that's just being printed, you know, into oblivion. So, uh, but but but, you know, the the greed is in the speculative frenzy that accompanies Bitcoin. [Guest: Charles Hoskinson] [02:02] They tell me that I'm the reason they own Bitcoin because they listened to me years ago about economics, about sound money and and and the Fed and inflation, and I'm the one that got them. [Guest: Charles Hoskinson] [02:15] Plus there's a lot of great technology in Midnight that's going to make the use of Cardano safer. Like Midnight Passport will be the fastest, safest and easiest way to use Cardano. So, we gain all the usability enhancements. Plus I'd argue Midnight is an essential component for Bitcoin. Bitcoin DeFi. When you look at that side of it, you're like, okay, Bitcoin users, they want privacy. So, Cardano could do a lot of the heavy lifting on the programming side, but what if the private coordination layer is just for all that? So, we're actually working on this program, our Bitcoin DeFi setup where we call it the the circle. So, you start with Bitcoin and Taproot. I'm going to put 50 Bitcoins of my own money into this. It's it's pretty it's pretty work. But you start with Taproot and Bitcoin. You lend it to a stable coin. So, that'll occur on Cardano through a specialized transaction through these bridge. And then that stable coin would then be deployed into a yield bearing instrument. And then as you make yield, the yield is converted to Bitcoin. And then it sets your Taproot. And then Midnight coordinates all of it with privacy. So, you have like all three networks working together and you have this circle and then from the Bitcoin user's perspective, you just give them a button, make money, click the button. And then it locks their Bitcoin, they just start generating a yield, the security actually transferred to Taproot on the Bitcoin network. So, it meets my three rules that I have for Bitcoin DeFi. One, there's only Bitcoin. No other Bitcoin. [Guest: George Gammon] [03:36] Bitcoin, Litecoin is better money than than fiat, obviously. Also better money than gold. Like that is I believe it's the best form of money that um humans have ever come across. Right? Money being a good thing that it's um it's inflation proof, right? No one, no single person, company or or government can print more money, right? Can't print money and inflate away the money you're holding. Uh, you're storing, right? That's kind of one of the key things about money is if you work hard and you have money, you don't want that money to kind of disappear over time not from your own doing. Right? So that's that's key and Bitcoin and Litecoin and uh most cryptocurrencies um is able to to do that. [David] [04:22] I could have the argument that real estate's better than Bitcoin. [Guest: George Gammon] [04:25] For a number of reasons, by the way, depending on who you are. [David] [04:28] Um, your audience would probably disagree because they're a bunch of, you know, Bitcoin maximalists. They don't have as much Bitcoin as the real estate guy, by the way. [Guest: George Gammon] [04:39] No, I I'll tell you right now, hold on one second. See, that's the funny thing, dude, that me and my brother were talking about this yesterday. You know, the guys that know the most seem to have the least. [Guest: Peter Schiff] [04:51] 100%. That that I can probably agree with you on. [Guest: George Gammon] [04:55] I think it should be a bigger issue within the crypto system and the ecosystem. What do you think? [David] [05:00] I think it will be. I think privacy is going to be the new if you want to in my view, and this is what I'm tasking the investment professionals at Maelstrom to sort of figure out. I think that the stand out shitcoin or you know, few shitcoins of 2026 to 2028 will be related some way shape or form to privacy. We already saw the, you know, amazing move of Zcash over the last few months. Yes, it's down 50% from the 780 high, but I think again, my goal is, you know, my mental model is 10 to 20% to value to Bitcoin. That's Zcash. So, so much higher than where it is today. But, you know, you know, taking away Zcash, what is the token project or protocol that's going to utilize some privacy technology, probably something related to ZK or knowledge proofs to do something whether that's quantum resistant, you know, the overlord can't deanonymize our data or, you know, see what we're doing. Whatever it is, right? These are the things that we're latently afraid of of of what bad things that could happen with this proliferation of Big Tech, Big Government. [Guest: Nigel Farage] [06:09] Donald Trump getting elected, knowing that we share friends in the White House for all the populist parties of Europe who are under attack. Every single populist leader. If you look at the leaders, and my last documentary was called silence. I got 18 months in prison for my last documentary. The reason I aired it was because the documentary was so bigger than me. It's exactly what they do in North Korea has been waged against if you go through, I'll pick anyone. Pick Geert Wilders, the leader of the the Dutch party. Pick Marine Le Pen. Any politician in Europe, yeah? Anyone, pick pick anyone who has stood up and tried to speak against immigration and you will see a history. Matteo Salvini, I was with him two days ago, the the deputy Prime Minister of of Italy was prosecuted in 2020. They said he kidnapped because he stopped the boat. He was prosecuted in 2021. He was in charge of the coin. The process is the punishment. Every political leader who has tried to step up was charged. You saw they done to Bannon. You saw they done to Stone. You saw they trying to do to Trump. That's happening across the board. Every politician of their the state. But I think it's coming because you're elected. I'm very optimistic about the future. More it's not because we're not in. We're assimilate. The public are ready. Public are awake. [Guest: George Gammon] [07:27] So the other thing about it is just a lot of people don't know that, you know, it's going to have a huge impact in the 2022 election. And certain races that were in the past are still going to be lost. Our still in place because there's still money coming in and it keeps things like the Cordiac alive, which is going to change a lot. I've had many conversations to try to get it into a better shape and hopefully September 15th will actually be able to get it over the line. I have a lot of confidence that they actually do. There's a lot of people who understand the justice and the other thing is I don't think anybody who works on it. I just works on it. I talked to Charlie, I said, Charlie, you know, he worked on this three times longer than Obama worked on this. And that we have a response to the 2008 financial crisis. [Guest: Caitlin Long] [08:12] This is politics and the need to get crypto and our industry out of these partisan out of these partisan issues. It's really not healthy to treat any technology as some kind of political pawn. This isn't about Republicans, this isn't about Democrats. This is about freedom. This is about giving people access to their assets online. It's about allowing them to transact globally without an intermediary. This is about the economy of self-innovation. This is about future finance. This isn't about red versus blue. We really need to get out of that. [Guest: George Gammon] [08:45] has been very negative on Bitcoin and crypto, even public statements calling it rat poison 2.0 or pet rocks or, you know, name your name your funny meme. Now these same institutions have now understood that Bitcoin is not a fad. This is here to stay and oh, we need to get a piece of the pie as well because that's [David] [09:06] If I had a genie and three wishes that I could make gold better, my first wish would be shrink the supply to 21 million coins and make it illegal to make it more. And my second wish would be make it invisible and teleportable and indestructible. And let me carry as much gold, you know, in my pocket as I possibly can. And my third wish would be make it programmable, so a billion AIs can teleport it and transform it a million times a minute so that I can put it on a, you know, a billion computers and and have it have it get traded back and forth 37,000 times while I'm sleeping, right? And I would think digital gold as I just described it's got to be better and more valuable than physical gold and especially in the 21st century when you're looking at 10 billion computers and 10 billion AIs and 10 billion mobile devices and, you know, you never teleporting an ounce of gold on an iPhone. So, I just think it's digital gold. It's got to be 10x to 100x better than gold. [David] [10:36] What first got you excited about blockchains? Think about it. Oh wait. I bet it wasn't multi-million dollar hacks, exposed data, or finding somewhere safe to store your seed phrase. Was it? Maybe it was the idea of decentralizing a broken financial system. Maybe it was imagining a world where people own their own data and get to sharing the value it creates. Or maybe it was the promise of a fundamentally better way of connecting, communicating, and transacting. The next phase of the internet that empowers us instead of exploiting us. So, why hasn't it happened yet? Why are we still living with the same broken system that blockchains promised to fix? It's because blockchains can't keep a secret. Enabling open transparent systems was only the first half of the challenge. For blockchains to really change the world, they also have to be able to protect our sensitive data when it matters. And that's why we built Midnight to bring down the final barrier to mass adoption and unlock the full potential of the decentralized web. Let's build the internet we deserve. Together. [Guest: Cake Wallet] [11:55] Ladies and gentlemen, we all know this in crypto, ownership matters. That's why Cake Wallet. Cake Wallet gives you full control of your digital assets all in one easy to use application. You can store Bitcoin, Litecoin, Zcash, Monero, and many more with just one secure backup. Swap between coins in seconds. No copying addresses, no complicated steps and even includes Bitcoin lightning for faster payments. And with Cake Wallet built in, you can use crypto in real life through debit cards or gift cards. Simple, secure, self-custody. Download Cake Wallet and take control of your crypto. [David] [12:39] This is Houston. T minus one minute until full data blackout. All eyes are on you. Breaking news. There's an astronaut conducting an emergency repair on a global communication satellite that could go dark at any moment. We have a second angle of this. Is that guy on FOMO? Yeah, let's get back to it everybody. Opportunity cost is simply this. Every position you take is a position you choose over something else. This just in. According to the astronaut's FOMO account, highest in the room, the satellite has been restored. This. For now, the crisis appears to be over. Satellite up and running. Positions looking good too. [David] [14:26] There we go. United States of America representing. Socialism does not work. Digital assets is a better to move money at the speed of light. People are greedy when they also try to acquire gold. I am here providing electricity and that energy that is necessary. I am the modern day Tony Stark. There we go. United States of America representing. Socialism does not work. Digital assets is a better to move money at the speed of light. People are greedy when they also try to acquire gold. I am here providing electricity and that energy that is necessary. I am the modern day Tony Stark. Welcome, welcome, welcome to the show. That's right. Welcome to the breakdown episode 814. 814 episodes of the breakdown. Thank you very much for tuning in and watching. We are sponsored by Midnight. Shout out to Midnight. That's right. Shout out to Midnight. Midnight is the sponsor of the show. We'll go to Midnight City on Friday. By the way, I will be on you know what? I'll wait until the very end of the show to talk about my appearance on a mainstream media network tomorrow. That's right. That's right. What's going on guys? What's going on? Polymarket is the official prediction market sponsor of the breakdown and we're going to look at what is happening and I'm going to show you exactly what I did what I did. I went and you know, put in they have this roadmap, political roadmap of who who might win and I put in my picks. Right all down the line. I think the red wave is coming. Red wave is coming. Huge upset. That's what I'm going for. Cake Wallet, Cake Wallet, one of the most secure wallets that we have in this industry. That's right. If you want to store your Bitcoin, Litecoin, Zcash, Monero on a safe product that you know is secure, backed by a phenomenal team, Vic, Seth and everybody. You've seen Leah on here. She's doing her thing. You want to hold your assets on a secure product, go to cakewallet.com. Also if you got a phone laying around, you're not using it anymore, factory reset it. Put your Bitcoin, like whatever. Put put your assets on there with cupcake. You can download that on on cakewallet.com. All right, FOMO, FOMO.family. Shout out to the FOMO family. You can follow me. We're going to make the ultimate comeback here. By the end of the year, I think Satoshi is going to go. Here, here's why I'm I'm I'm going to talk about this. I think I'm going to uh, man, I don't want to. I'm not going to talk about it. I have a policy, but follow me on FOMO and follow others who are trading on FOMO to see what's going on. Look at their thesis, see what is happening within the space today and I will be talking about and giving you my thoughts on crypto and where it stands. Uh, might not be popular opinions, might be I might be wrong and you clip this up and you come back on here and you're like, yo, dude, I got you clipped up. I'm posting this on social media. You are dead wrong. And I hope I am. I hope I will be dead wrong. I hope I will be dead wrong on my takes today. I hope so. I don't think so. Not of what I not I am watching. I'm not saying a word. And yesterday, I almost yesterday, I almost did it and that was I almost opened up a space yesterday on Twitter to talk about the state of crypto and how ashamed I am of what is happening out here. The welfare behavior, the on-chain welfare behavior, the KOLs, the the cabals doing shit in 4K and pretending like nothing happened. I'm watching on-chain welfare in 4K. And nobody could tell me otherwise. And this is why people and I'm going to lead into this, people will pivot. People will go into the stock market. People will look at tokenized stocks and they will meme it. It will be a new breed of memes. But these memes are actual companies that have actual revenue that come in with actual leaders. So it's a different You see, a lot of this shit went over your heads when I went ahead and posted about it yesterday. A lot of it went over your heads. Watch stupid content, listen to stupid content, become stupid yourself. I'm posting things out here. You read into it, you okay, I understand what DG is saying and I hate going in the third person with this, but holy shit, I understand what DG is saying. DG might got a point here. We're not we're not listening to this man. We are not listening to him. And that's fine. Y'all don't got to listen to me. You do not have to listen to me at all. You don't got to listen to me at all, man. My words mean nothing. My words mean nothing. I'm good with it too. I'm just listen, I come on here to report. I come on here to break down. I talk to guests. We go ahead and have good conversations. I'm fine with that. I'm fine with doing my job. I'm fine with doing my job and then at 2, 2:30, I'm out. You don't got to listen. Who am I? I'm nobody. You can listen to the people that are robbing you in and in broad daylight. Broad daylight. Robbing your ass. Crazy work, man. Crazy work. Never seen it. Never seen some shit like this. Never seen some shit like this. And then you guys are surprised. Let me break down a few things before we get into those conversations, okay? Today, unfortunately, we had a guest on a superstar guest. She couldn't make it today. Hopefully we get her on tomorrow or next week. We got a whole lineup. If I show you who we have booked out, it's crazy. I'm excited. I'm really excited to go ahead and have conversations about AI. Obviously digital digital assets, traditional markets. We'll go talk about it all. Sports, politics. We have it all lined up. I would not miss this show. Put your notifications on. Subscribe from wherever you are watching. Make sure that you're tuning in. We might have Landy back next week. I don't know. Break down the charts for you guys. Mine. Mine. All right, what are we looking at with Bitcoin? Where's Bitcoin right now? Let's look at Bitcoin. Bitcoin is at 81,000. Let's go ahead and shoot this up right here. Bitcoin, I'm telling you, it is it is stuck in this range, man. Bitcoin is stuck in this range. It is not leaving. Bitcoin says, I am not leaving. I'm absolutely not leaving this position. Okay? It is at 81,000, what was it? 81,000 360. 81,360. That's where Bitcoin is at today. Let's go ahead and move this up a little bit. We got Ethereum at 2355. We got BNB at 748. XRP, who is now, you know, Ripple's a bank now, a chartered bank, $1.30. We got Solana at 102. It went down, went back up. A lot of people nervous. A lot of people nervous. I don't know why listen, I don't know why you're nervous. I I think I said this to somebody who I was having a conversation with. These things can go down 10,000. I'm talking about like Bitcoin can go down to 71,000. It's still going to go back up. It is still going to go back up. You don't need to be nervous. Everything's fine. I promise. You don't need to be nervous. Everything's fine. You'll be fine. Solana had a if if I believe if we're going to talk about Solana here also, Solana had 101. I have no doubt that in my personal opinion, I think Solana goes to 6 to $800 in this cycle. So even if it goes to 80, 90, who gives This is long-term. Your majors. You are in the majors. It's long-term. This is not what you start looking at these things, oh my God, what am I going to No. Like this is long-term stuff. Long-term. Let's look at what we're looking at. What are we looking at on the heat map? Bitcoin, it's up 1.2%. We got Ethereum up 1.2%. Hype is up 21%. Holy shit, hype. Zcash 6.3%. And I'm telling you, man, I I I know the show is sponsored by Midnight, but if you missed out on Zcash, Midnight is right there looking at you. That that's all I got to say. Midnight is right there looking at you and if you feel like fading it, that's on you. Pepe's up 11%. Shout out to Pepe. Look, one of the OG memes doing their thing. One of them OG memes doing their thing. Solana's almost up 1%. All right, we're going to go back and forth. We're going to go back and forth, ladies and gentlemen. That's what's going to happen here. We're going to go back and forth here in crypto. I told you, when the midterms come to an end, okay? Right now, it's all about the midterms. It is all about the midterms. That's all that people care about, midterms. That's it. It's all they care about. That is all anybody cares about right now is what is going to happen with these midterms. Who is going to win? Is it going to be the Republican Party, the Democrats? Who it's really the Democrat Communist Party and candidates. Are they I can't believe listen, I I I'm really ashamed here. Americans
[Part 2 of 6] [David] [00:00] for communism, it's crazy. [David] [00:03] People like, oh my God, it's not communism. You've never lived in a, you've never left your state. Please don't don't don't tell me. [David] [00:11] Don't tell me what's what. [David] [00:14] Don't tell me what's what. [David] [00:17] I know what what I know what I'm seeing. [David] [00:20] I know exactly what I'm seeing. [David] [00:24] Tell me what's what. Tell me what what's not. What it isn't. [David] [00:29] Come on. [David] [00:31] Stop it. Do me a favor. Stop. [David] [00:40] Stop it. [David] [00:47] Unbelievable. [David] [00:48] I said, what do we have today? [David] [00:50] Fed held, okay, so no rate hikes. [David] [00:53] No rate hike. [David] [00:55] But possibly next month. Nobody knows. [David] [01:01] No rate hike, but possibly next month. [David] [01:06] And that's not a given. [David] [01:08] That in itself isn't a given. [David] [01:12] Two people voted to hike, including Lisa Cook, who has never dissented. [David] [01:18] GDP just came in hot at 3.4%. [David] [01:24] Inflation is at 3.6%. [David] [01:27] Still lower. You got you got to think about this. [01:30] All these things are still lower. [David] [01:35] All these things are still lower than what we had under Biden and the Biden administration. [David] [01:44] Inflation at 3.6%. That is absolutely with everything that is happening, with war in Iran, the Middle East, Ukraine, Russia, all this stuff. [David] [01:56] 3.6%. Google burned $9 billion of cash on AI and dropped 10% yesterday. I don't know if you guys were watching, boom, 10% drop. Microsoft popped 48% cloud growth. [David] [02:12] Bitcoin went under 80, climbed back up to 81 right now. [David] [02:19] The New York stock exchange's owner wants hyper liquid perps in America. [David] [02:26] And if they want it, they're going to bring it. Okay? Do this is how the institutions work. If they want it, they're going to get it. [David] [02:35] They want it, they'll get it. [David] [02:38] Five days to the midterms. [David] [02:42] DoorDash buys Instacart. [David] [02:44] DoorDash now buy are prices going to go up? [David] [02:49] I know a lot of you guys Instacart. [David] [02:52] A lot of you son of a bitch, you don't go outside. [David] [02:56] You don't go outside. You Instacart. I know it. [David] [02:59] I can smell it. [David] [03:02] I can smell it on you. You guys Instacart. [David] [03:05] You guys ever Instacart and like you order shit on Instacart. [David] [03:10] And the person respect to the person, but the person [David] [03:17] is like, you know, the item that you're looking for is out of stock. All right, cool. Just get and you already put in the refund. And they're like negotiating with you. And I got to find out like if if somebody negotiates to the point where they get you to select an item you don't want, if they're paid commission on that. Anyway, I don't know how it works. But they're like sitting there for 30 minutes trying to get you to buy something. [David] [03:41] It's like, dude, man, like I I wanted pretzels, okay? I I wanted pretzels. [David] [03:48] Why are you trying to make me buy Cheez Doodles? Man, like I want pretzels. [David] [03:54] And then they negotiated with you. [David] [03:57] They're absolutely negotiating. [David] [04:00] I I don't know. I'm just saying. [David] [04:03] That's I'm just I'm just I'm just saying. [David] [04:07] Um, [David] [04:09] so DoorDash buys Instacart. That that's going to make it the biggest, you know, [David] [04:17] straight to your door company. [David] [04:20] Five days to the midterms, by the way. [David] [04:23] We'll break that down. So again, let's let's go to the numbers because this is what people care about. And the Republicans better show up. [David] [04:30] The Republican Party better show up. [David] [04:41] Quarter three GDP, 3.4%. It beat. Okay, it beat the 3.1% expected up from 2.2% quarter two. That's in BEA. [David] [04:58] So if we're going to talk about the economy. Now, I know not everybody's thriving and I've always had me and Landy have battled. [David] [05:06] Me and Landy have had heated debates about these conversations. But at the end of the day, [David] [05:11] we can both agree. [David] [05:16] Quarter three, [David] [05:19] 3.4%. [David] [05:23] Expectations were 3.1. [David] [05:26] The economy is growing. [David] [05:29] No doubt about it. [David] [05:31] Is everybody winning? No. [David] [05:35] Can it get better? Yes. Will it get better? Absolutely. [David] [05:39] As long as we keep [David] [05:42] the House and Senate. [David] [05:45] And we get out of Iran, which hopefully sooner than later, we will see an economy that will thrive. [David] [05:56] And continue to thrive. [David] [05:58] September PCE up 0.5% on the month, 3.6% on the year. So that's the hottest since May. Uh, core was 3.1%. [David] [06:10] Gas and fuel oil were up more than 9% in September. Again, and that's obviously due to the conflict in Iran. [David] [06:21] Shre's open, the shre's not, people back. [David] [06:25] We we get it. And I I am one who is anti-war. I don't want to go to war. War is the last resort. Here we are though. Iran would have did this anyway. I I just want y'all to know whether it's Biden in office, Obama, Trump, like they were building a nuclear weapon and a hell of an army to make sure they could take over the shre to do this anyway. [David] [06:50] That's all I'm saying. [David] [06:53] They were going to do this shit anyway. So let's not pretend just because Trump smacked them upside the heads and he's trying to take, well, he took out the Ayatollah and 95% of that goddamn terroristic regime that they weren't planning to do this. They were they've been a fucking cancer to that entire region. If you ask then their neighbors, they'll tell you who Iran is. [David] [07:26] I'm just saying. [David] [07:29] Jobless claims, 194k near the lowest since 1969. Again, jobless claims. [David] [07:40] 194,000. [David] [07:45] Near the lowest since 1969. The economy is absolutely doing well. Like I said, is everybody doing good? Not everybody is, okay? And there's improvements to be had. We'll lower gas again. [David] [08:02] And with lowering gas and fuel, the cost of products will lower. It's going to happen. [David] [08:10] What would we rather have? [David] [08:13] Iran with a nuclear weapon, [David] [08:17] and lower gas prices, but potentially have an Iran do some wicked shit to the entire world, or have this right now where we eliminate them and make sure that they can't do shit ever again. [David] [08:32] I'll go with, let me suffer a little bit short-term, [David] [08:36] to make sure Iran and all their terrorist networks can't go ahead and hurt Americans and any of their neighbors. And maybe just maybe free the Iranian people from the terror they've been living in for the last 47 years. [David] [08:55] I don't know. Just a thought. [David] [09:00] So here's my take. Hot growth, hot inflation though, equals a December hike. You know that's going to probably come. That's why I said I started the show. We're going to have a hike. We might not have gotten a hike this month, but we could get a hike next month, especially with midterms being over. We don't know how they're playing it. And that's speculation. Maybe maybe just maybe they didn't raise rates just because of the midterms. And maybe they'll raise them after. [David] [09:29] Regardless of who wins. [David] [09:35] The data just did Warsh's job for him. [David] [09:39] That's true. The Fed chair's job was done for him with these with these numbers. [David] [09:45] And speaking of the Fed, [David] [09:48] they held, obviously, as we talked about or today, they held at 3.75% to 4% on a 10 to 2 vote. [David] [09:58] Cook and Hammock wanted a hike. December hike odds are above 81%. So December, 81% odds that we will see a rate hike. [David] [10:11] Warsh, uh, inflation has been above target for close to six years. [David] [10:20] And that's true. We've talked about inflation under the Biden administration. Trump has tried to bring down inflation and and we are down in terms of if you look at the numbers, compared to where we were six years ago to now, we're still down with a war going on. [David] [10:38] Uh, fewer rate meetings starting in 2026. Seven then six. So the Fed will only they'll have lesser meetings. Seven then six. 10-year Treasury right around 5%. For those who are actually into anything else but crypto, because this stuff right here matters. What I'm breaking down to you right now matters for crypto. And I know a lot of you guys don't understand that, but this matters. This when you see Bitcoin go up and down, when you see some of your favorite shitcoins go up, it's because of the markets here. It's what's being done here with the Fed, wars, inflation, GDP, like all this stuff. [David] [11:19] Jobs reports. [David] [11:23] This is how people this is how people make money. Because they're always ahead of the game. [David] [11:31] So my take on the Fed, uh, when the governor who has never dissented votes for a rate hike, [David] [11:40] the Fed isn't pausing, it's reloading. And and that's the truth. Like one of them, Hammock has never voted. [David] [11:50] One of the governors has never voted for rate hikes. [David] [11:54] Same, uh, by the way, let's go to AI. Same AI bet two report cards, Alphabet. $127.6 billion in revenue, but EPS of 2.12 million. Excuse me, EPS of $2.12 missed $3.2. The free cash flow was negative by nine [David] [12:18] $9 billion. Fuck. Stock down about 10%. That was yesterday. So they missed. They missed their EPS. [David] [12:31] That that is that is wild, man. [David] [12:34] $9 billion down. Revenue of 127 for Google. Basically, Alphabet is Google's parent company. [David] [12:41] I know a lot of you don't again, a lot of you don't know it because you don't care. Okay? You don't care to look into these things. I get it. I understand. [David] [12:50] I do. I do it for you. Don't worry about it. [David] [12:53] I do your job. [David] [12:55] I do your job. I do your job for you. [David] [13:00] Microsoft beat. [David] [13:04] Azure up 48%. Stock up 4%. [David] [13:08] Microsoft comes in in the clutch. Service now down about 15% to 19%. [David] [13:15] Amazon reports tonight. So tonight Amazon will do their reporting. So we'll see what happens there. And that's at about a $1.97 EPS expected. [David] [13:28] Bitcoin. Bitcoin is up now, but Bitcoin was about at 80,140 at 7:25 AM this morning. Below its seven seven minus 20 minus and 50 day. Before what the fuck am I reading? Below its 7, 20 and 50 day moving averages. [David] [13:49] 356 million liquidated in 24 hours. 205 million of it longs. Support around 795 to 798. I mean, I we've been talking about this. [David] [14:03] Basically $80,000 is support right now. That's where the it's there's buyers here. Sellers and buyers, sellers and buyers, sellers and buyers. Your opportunity. Listen, if we go down one more time, I'm fine with it too. I keep saying this. I am fine with another leg down. What did I say here on on X? [David] [14:23] Let me pull this up. [David] [14:25] That got everybody all butt hurt. [David] [14:31] I've been saying this for the longest time. [David] [14:35] Let me get this. [David] [14:37] Let me get this in here. [David] [14:42] Let me get this in here. [David] [14:45] Here you go. [David] [14:48] I said, and I didn't say anything bad either. [David] [14:52] I said, I think we're close to a bottom in crypto. [David] [14:57] One of the biggest signs for me is how many people are giving up. And that's the truth. It's what I'm seeing. [David] [15:04] I am reading the timelines. I'm listening. I'm here. [David] [15:08] If you guys are if you guys go on X, formerly known as Twitter, the amount of I give up that is out here, I finally hear it. I said it before that I thought I heard it, but now I finally hear people just giving up. Can you imagine? People are giving up. [David] [15:31] People are giving up in Bitcoins at $80,000. [David] [15:35] I want I want y'all to I want you to understand that for a second. [David] [15:39] Bitcoin is at $80,000 and people are absolutely giving up in crypto. They're tired. They've been rinsed. They've been chasing like crazy. [David] [15:52] Now, the builders, the real builders and the ones that are forming communities, they're not going nowhere. [David] [16:01] They've taken the opportunity to load up. [David] [16:05] Dollar cost average into their favorite plays. That's what they've been doing. [David] [16:10] This entire time. [David] [16:12] They don't care what's being said on it. If anything, whatever's being said on social media in terms of this doom and gloom, it's been getting them all hyped up. [David] [16:23] People like myself are getting excited. When I hear people panic like this, I'm getting excited. [David] [16:30] I am absolutely getting excited. So I said, I think we're getting close to a bottom in crypto. One of the biggest signs for me is how many people are giving up. They're tired, frustrated, don't want to hear about another cycle. That alone doesn't mean we turn around tomorrow, but it's a big part of why I'm getting bullish. And that's the truth. [David] [16:51] I'm getting bullish because I hear I'm I'm listening to you guys have these conversations and you're publicly posting it. [David] [17:00] And it's getting me excited. [David] [17:03] People are literally giving up. They're like, I'm I'm done. You have people go look on the timeline. People are like, I'm done. Fuck crypto. I don't like crypto. I hate crypto. That's what they're saying. [David] [17:20] I've been here for so many cycles. I know exactly what happens. Like I'm looking at I know exactly what's going to happen. I'm sitting and for those who have been around, the veterans who have been around, we know exactly what happens next. [David] [17:38] This is the moment that people are waiting for for people to have the sign of fatigue and give up. [David] [17:45] And it's harder this cycle. [David] [17:48] Or in the beginning of this cycle because you have a bunch of people that have been [David] [17:55] brainwashed into believing that they have a chance of winning off of some random shitcoin that comes off of pump.fun. That's the problem. [David] [18:08] That's the entire problem that's being had. And people are so fucked. They're absolutely so fucked in the head. [David] [18:19] They're tired. [David] [18:21] Again, I understand you can but this is where the veterans of this space are like, okay, good. [David] [18:27] Tired, good. Love seeing it. [David] [18:30] Love seeing it. That means we're almost there. By the way, [David] [18:37] before I continue on this crypto rant, [David] [18:40] Mark Cuban said, [David] [18:44] Mark Cuban said, [David] [18:46] he believes AI can make someone working from their basement the world's first trillionaire. By the way, if you want to go ahead and participate in AI, go get the million dollar AI playbook. It's on Amazon. You can go to Davidgokhshtein.com. You can go ahead and copy it for the beginners out there. Somebody who does not understand the prompting or how AI works, you can go ahead and copy it, okay? [David] [19:10] Y'all pay what? It's $11.99 to purchase. What do you guys pay to shitcoin? You guys go in with $50, $100. [David] [19:19] How about invest into yourselves? [David] [19:23] So he says the world's the world's first trillionaire might be coming out of somebody's basement. Could be you. A lot of you guys tune in, you know, from your basements. This is why I keep telling people to learn how to use these tools. One person can attempt things that use [David] [19:40] Excuse me, one person could can attempt things that used to require an entire company. I don't think people understand how much opportunity that opens up. And it's true. [David] [19:50] You don't need to hire a bunch of people anymore. [David] [19:54] You don't need to hire a bunch of people anymore. [David] [19:57] You just don't. [David] [19:59] Here's the biggest one where I got this is this is the lowest engagement post that I have, but it's the best one. [David] [20:07] And I will come back to this. You know what that sucks. It's usually [David] [20:14] my best my best posts have the least engagement. It's crazy. [David] [20:20] But I'm going to read this out because I believe this. This is about the meme economy, by the way. [David] [20:25] This is about the meme economy. [David] [20:29] This will happen. [David] [20:31] I will bet on it. I think the next generation of meme culture will form around tokenized stocks on chain. The meme economy we tried to build here has been destroyed. It has, 100%. I don't give a fuck what anybody says. I wouldn't be surprised if retail starts bringing the same energy to stocks, trading them, holding them, building entire communities around them. We saw that with AMC, we saw it with GameStop. [David] [20:55] Except now there's an actual company behind what they're following with a business, a team, and results people can judge. An appetite is still there. I think people are just tired of the slop. It's the truth. [David] [21:11] It's absolutely the truth. [David] [21:14] You cannot find any lies in that post. [David] [21:19] If you sit back and you allow that post to marinate and you read it, read it, read it, read it over. You can't read it, have Grok read it to you. [David] [21:27] If you have a problem reading, have Grok read it. [David] [21:33] There are no lies found here. [David] [21:37] This is what you're looking at. This is absolutely what you're looking at. You will have due to the fact of this Fortnite era where people are chasing absolute dog shit. I don't even know how to pronounce some of these fucking tokens that are coming off these launch pads. A lot of these things don't even make sense. The only people making money are the platforms. You're not making money. You're tired. You're starting to hate crypto. At some point, [David] [22:07] at some point, people are just going to say, you know what? [David] [22:10] I'm tired. [David] [22:13] I am absolutely absolutely fucked in the head. I'm tired. [David] [22:23] That will happen. [David] [22:25] You will get that I am tired moment. [David] [22:30] I'm exhausted. [David] [22:33] I'm tired of chasing. [David] [22:35] I've been chasing. I'm tired of chasing. [David] [22:40] And the only people that are making money right now, I'm telling you this, the only people that are making money right now are the people that are opening up spaces and and fucking absolutely liquidating your asses. [David] [22:58] Absolutely liquidating your asses. [David] [23:07] While we're still on the crypto subject, we'll we'll talk about crypto. [David] [23:10] ETH about 2322, Solana about 100. Hype up 6%, even larger now, 11%. While the rest is red. And obviously hype on the news that [David] [23:23] the New York Stock Exchange the New York Stock Exchange wants to go ahead and bring it [David] [23:28] bring it to America. Bring the perps to America, to the United States of America. Up 11% on that kind of news. [David] [23:38] Of course it's going to be up. Hype is the most underrated, one of the most underrated assets that we have here in the space. [David] [23:46] One of the most underrated. Also skip ETF flow numbers because the outlets disagree. My take basically, Bitcoin isn't trading like digital gold today. It's trading like a Nasdaq stock with a Fed problem. That's what I see with with Bitcoin. But again, you have the opportunity. [David] [24:07] You have the opportunity with Bitcoin. [David] [24:09] I think we go down one more time. [David] [24:12] One more time we go down and then we start going up and then I think we rally past the previous all-time high. No doubt about it. 100%. [David] [24:22] 100%. [David] [24:27] This is the moment where everybody you you sit back, this is the moment you sit back and you say, holy shit. [David] [24:34] Do I take advantage of this opportunity or do I cry and bitch and moan? If you're crying about this market right now and you've been here for multiple cycles, then you haven't learned anything. You've been surrounding yourself with a bunch of broke ass people. And that is the truth. [David] [24:54] That is absolutely the truth. [David] [24:57] You've been surrounding yourself with people that have absolutely no clue how markets work. [David] [25:05] The most successful people in crypto have an understanding of how the traditional markets work because they're all connected. [David] [25:14] Especially now, more so when you have institutions coming out there and telling you what they're doing. [David] [25:25] Like when they come out and they talk about hype. [David] [25:36] They're literally telling you that they want hype. [David] [25:42] This should be easy. This should be a this should be easy for you now. Even if you've been here for six to eight months, this should be a lot easier to understand, especially that you have ChatGPT and Grok and all these wonderful AI platforms to use to have a better understanding of what the hell is happening. [David] [26:06] Speaking of the New York Stock Exchange.
[Part 3 of 6] [00:00] They're building on hyper liquid. [00:03] Ice and trade XYZ plan, Ice XYZ. A US venue for 24/7 perps on stocks, commodities, FX, crypto, pending CFTC approval. [00:23] I'm going to say this again. Listen to this carefully. [00:27] Remember how I talk about big money? [00:33] You hear how I talk about big money coming into this space? I've been ranting about big money. I'm talking about $10 trillion market cap, total market cap for crypto. If you're not listening, [00:47] That's fine. You know what? I'm good. It you know, here here's the thing. I'm good. [00:54] You know why I'm good? Because I study. I research 18 hours a day. Even when my AI AI agents and AI bots, doing work, giving me the scout reports, all the reports that I need necessary for me to be ahead of the game. I put in the work also. I'm up here. I'm up until like 3:00 in the morning. I don't even have to be. I'm besides building, but I'm up here studying, trying to understand how I can be one step, two steps ahead of the game or be a part of the game. [01:30] Hyper liquid. [01:34] Starting a US venue for 24/7. And I'm let let's rewind that back. Ice and trade XYZ plan Ice XYZ, a US venue for 24/7 perps on stocks, commodities, FX, crypto, pending CFTC approval. [02:00] Stan Druckenmiller is a backer. First time he's ever posted on X, by the way. First time go look, look up the man's account. First time he's ever posted on Twitter or X formerly known as Twitter. [02:18] Trade XYZ's hyper liquid markets did more than 650 billion in volume in about a year. [02:30] Let me break this down to you very simple. [02:34] The company that owns the New York Stock Exchange is building a DFI platform. That's the whole argument, settled. [02:49] I'm going to read this again to you guys so you understand. [02:53] The company that owns the New York Stock Exchange is building a DFI platform. Did I not talk? Replay the fucking tapes. Go to episode 400. Have I not told you this? [03:08] That the institutions are going to build their own platforms. We had time to build our own platforms and we sucked. We absolutely bombed out building our own platforms. I said the institutions would come here and they're not going to go and participate on the platforms that we built out here, that our innovators built. No, no, no, no, no. They're building their own platforms. You're going to participate on it and so are their clients. [03:41] And they're going to cake. They're absolutely going to cake. [03:47] I'm going to I'm going to say this again for the hearing impaired. If you're hearing impaired, respectfully, then hit Grock and allow Grock to go ahead and translate this shit for you. [03:58] In terms of, [04:00] You get what I'm saying. I'm hyped right now. [04:05] I'm hyped. [04:09] I'm really hyped right now. Pun intended. [04:13] The company that owns, I'm going to say this again. The company that owns the New York Stock Exchange. Is building their own DFI platform. Okay? That is my whole argument to you on why. [04:29] Do you know the amount of money that is going to pour in here? This is it's just fucking absolutely nuts. What is hyper liquid at right now? It's up 20% on the day. It is at $96. Up 20.2%. It's still cheap. It is still cheap to go ahead and get into hype. Hype might be going to $1,000, $2,000. I I I don't know. [05:06] It's not far-fetched. It is absolutely not far-fetched to see it at a thousand. Especially with the amount of liquidity that could go ahead and pour into this son of a bitch. [05:22] Unreal. Welcome to the breakdown. Think about it. All this is happening midterms. Again, midterms. That's what people are waiting for. Midterms to be over with so they can go and finally know what the fuck they're doing. [05:43] It's crazy, man. It is absolutely crazy. [05:50] It is absolutely crazy, man. [06:00] It is absolutely [06:08] Hold on. Hold on one second. [06:56] I had to listen to some Landy sent me something. I'm sorry for the pause. Landy sent me something. It's fucking hilarious. Uh, scary at the same time because I've been playing around with it too. That that is crazy, crazy, crazy, absolutely crazy. [07:10] Welcome to the breakdown though. Uh, appreciate again, I'm going to say this for the fourth time. Nasdaq is building their own DFI protocol, okay? [07:23] That's it. And if you think if you think it just stops with them, you're crazy. [07:30] The owners of Nasdaq, excuse me, the owners of the New York Stock Exchange are building their own DFI protocol. And if you think it stops with them, you're absolutely bad shit crazy. $10 trillion market cap now seems like a conservative number. And I've always thought it was conservative. $10 trillion will pour into this space. The bull run has not started yet, okay? Even though there are some research companies that are out there saying that we have kind of flipped into a bull market, I still think that we have super bullish sentiment, we're still bearish on the charts. That that's really it. [08:11] Man, oh man, this is crazy. Besant, we are going to win the digital asset stack. After the clarity uh act failed in the Senate 49 to 50, Treasury says it will work with the SEC and the CFTC to fill the gaps. No formal plan yet. So they're going to work. CFTC, SEC, they've been working to go ahead and give us obviously clear regulation. Also in the same week, and this happened this week, Ripple and Robin Hood partnership. Crazy. Ripple and Robin Hood partnership. Look for that. [08:49] Look for that. [08:53] Especially for the Tik Tokers that are tuned in right now who love Ripple. Look for that. Yo, at the end of the day, and hold on, let me let me finish this. OCC Trust Bank approval for Ripple. Moody's A2 rating for RLUSD. I don't I could care less if you like Ripple or not. I don't care if you like Brad Garlinghouse's hairstyle. I don't care if you like Chris Larson, okay? I don't care. [09:23] Ripple is doing things right now to set themselves up to go parabolic. Now you can identify it and say, okay, look, I see what's happening over here. I might want to get in, or you can go ahead and say, I don't like Ripple, I don't like what it stands for, it works for the banks, yeah. Listen, I grew up on the white paper. [09:45] I want to see the Cypherpunk era come back. I I don't want to I don't want to have anything to do with Jamie Diamond and the banks and stuff like I it goes against crypto. [09:56] But the banks are not going anywhere. And you came in here to make profit. So if you're looking to make profit, [10:07] You you got to stop being emotional. I was emotional one time and I missed on millions of dollars. Okay? I got I let my feelings get in the way. I got emotional and I missed on two to three million dollars. I'm telling you that right now. Here's personal experience. I got emotional, okay? Which you should never get emotional in any market. [10:28] And I refused to on principle to go into something, and I won't say what that something is, but for those who know, who know. I could have easily made two to three million dollars. I didn't. Principle. You know what I should have done with that principle? I should have made that two to three million dollars on principle. [10:51] So everybody who talked, oh my God, Ripple and Brad Garlinghouse, yada yada yada, oh my God. You guys, did I not tell you 90% of all these cryptocurrencies are going to disappear? You're going to be left with 10% and those 10% as me as I've said this before and Landy's has Landy has said this before also. [11:16] They'll be ones that will be picked. [11:21] That's it. They'll be picked. [11:36] They will be picked. That's crazy. [11:41] That is crazy. Uh, Ripple doing their thing. Ripple doing their thing. You got to give it to them. Ripple is doing their thing. [11:50] Partnership with Robin Hood, a behemoth. We'll see what happens there. OCC Trust Bank approval for Ripple. So now they're essentially a bank. Moody's A2 rating for RLUSD. What do you think happens? [12:10] Again, like I I don't care about you not liking Ripple, okay? I don't care if you don't understand XRP. I don't I don't care if you don't even like it. I don't care if you don't like the bank. I don't like the banks either, but unfortunately they're not going away. Are you here to profit? So okay, you know what? You know what's crazy? Y'all are hate on this and this is what I'm talking about where the pivot is going to happen where a lot of people, I feel, are going to pivot into the new meme economy, which will be tokenized stocks. People will go there. [12:44] Because they'll understand like like listen, all this dog shit where the only the launch pads are making money and I'm I'm making jack shit. I got to be out of here. You you're going to see a lot of people pivot. I'm not I'm not kidding. People are going to pivot the fuck out of here, man. [13:00] People are absolutely going to pivot. They're going to pivot. [13:08] So my entire take on this is Congress fumbled on clarity. By the way, Democrats really fumbled on clarity. You gave since you did not want to go ahead and even vote to pass it to a discussion. Being that you had so many problems with it and you wanted to Hey, Senator Warren, you wanted to talk about it, but you wouldn't even vote to talk about it. Now you gave the SEC and the CFTC the power to go ahead and implement rules that are better for crypto, better for blockchain and better for builders and innovators and for institutions. And then what happens in the two years? You think you're going to actually take that away from everybody who's built out under these current rules and guidelines? No, you're going to have to like from my standpoint, what I'm thinking, you're going to have to create a clarity bill that [14:04] That literally represents the current environment. Bottom line. You're not going to be able to go ahead and not You're not going to be able to just get away with taking it taking shit away from people that are building here, especially in the next two years. Anyway. [14:25] Congress fumbled the Clarity Act. Treasury just said, fine, we'll run the play ourselves. And that's the truth. Besant said, we'll take it on. Besant is going to go and work with the C uh CFTC and the SEC to go ahead and put in the proper the proper and proper guidelines for this entire space and industry, which goes outside just crypto, traditional markets and all. Watch, you'll see. [14:56] Let's go to DoorDash. I mentioned DoorDash today. $65 a share, a 26% premium, at least 75% cash, closing late 2027 or first half of 2028, which signals a long anti-trust review. So we we know what happens. Because this is a big ass this is a big ass merger. This would be DoorDash taking over the industry. [15:23] Instacart had also talked with Uber. So Uber, Instacart talk, that nothing happened there. So anti-trust is going to take a look at this and see one app for everything you eat. You know how it's we've seen this before. [15:40] That wouldn't be a bad buy though. DoorDash is not looking like a bad buy. [15:46] Midterms are Tuesday. Just to remind everybody, midterms are Tuesday. Trump in Ohio, um, Obama in Georgia. [16:02] This is coming down to the wire, man. You the former president and Obama just continues to just go out there and disrespect people who work at the Cheesecake Factory. Comparing the White House to a Cheesecake Factory. [16:21] And then he had to step back and say, oh, but I took I took my my daughters, you know, I'm paraphrasing, took my daughters there to the Cheesecake Factory. No, no, no, like you when you say these kind of things, you're disrespecting the people that work there. You are absolutely disrespecting the people that work at the Cheesecake Factory. Disrespectful. [16:41] By the way, this is really important for crypto. If you're a one issue voter, by the way, Democrat, Republican, independent, I I get it. You might not like some of the things that have been happening in terms of globally. Not like you're into geopolitics not like you're into geopolitics anyway, but if you're into crypto and you love crypto, you vote for red. Okay? You vote for the Republican Party. If you hate crypto, okay? Even though you're in crypto 24/7 shitcoining, then you vote for Democrat, you're going to have no clarity act, you're going to have no clarity you're going to have nothing, zero, zilch. [17:17] You're going to have more taxes, more limited speed, everything you're going to look at France. That that's what you're going to get. Have you heard some of these candidates talk? Open up the borders, let people back in. Like what are we what are we how do how does this even a discussion? Republicans, you got to get your asses up and go vote. Bottom line. Stop stop thinking, oh my vote doesn't count. Get your asses up and vote. [17:46] Oil eases on Iran outreach. Brent uh at about $114, WTI at about 101. Landy's absolutely oiling himself up after reports that JD Vance reached out to uh Iran. So there you go. [18:04] Energy is why inflation won't break and why the Fed leans towards a hike, by the way. So that's why like I can't wait until the you know, Iran we settle, we negotiate out hopefully it comes to an end. [18:19] Here's my take. I want to give you a take that I have. [18:23] I want to give you a take that I have. Before we go into poly market because I want to I want to go into poly market and look at a few things and see where everything currently stands. Here's my take. [18:35] You know how important it is, whether you like Trump or not, right? You have a lot of people that don't like Trump. [18:43] You have a lot of people who don't like Trump. Let me let me break this down. For those who don't not do not like Trump, let me let me just break this down. Unbiased standpoint, okay? And people say, how can you be unbiased? Just hear me out for a second. [18:59] Hear me out. [19:03] You know Trump and a lot of you guys say that Trump he's an egotistical maniac. Okay. If you think he's all about his ego, right? If you if he has this tremendous ego, [19:20] Then you would think he would have pulled out of Iran. Think I want you to think about this for a second. Hear me out. Put away your party affiliations, okay? You don't even have to like me, okay? Maybe it's your first time tuning in, you don't even know who the fuck I am. Great. Hear me out. [19:39] Hear me out here. [19:41] Trump has an ego. Trump wants to be known as the greatest president of all time. Trump wants his face on Mount Rushmore, okay? Trump wants all these things. [19:56] In order to get that, in order to get people to talk that way, right now, in the short term, you don't go to war with Iran. [20:11] I'm going to just get I'm going to give you an example. You just don't go to war with Iran. Especially when you just came into office and things were moving. Things were moving. We were getting a lot of good things done. The economy is booming, okay? The economy is doing well. The economy is doing well. Could it be doing better? Yeah, if we weren't at war with Iran, gas prices be down, diesel be down, fuel be down. Yeah, absolutely. [20:38] And if you think that President Trump is not thinking about this, you're crazy. So here here's what my here's my point. [20:45] I here's the the point that I'm trying to get at. [20:49] I believe [20:53] That there is something in Iran in terms of weapons of mass destruction or they were close to a nuclear weapon. [21:01] Because and this and you're and people saying BB has blackmailed Trump and all this stuff. It it doesn't make sense, okay? Trump listens to nobody. This man does not give a shit about your opinion. He doesn't care about my opinion. He doesn't care about your opinion. He'll listen, but at the end of the day, he's making the decision. That's who Trump is. Y'all don't know Trump because you're not New Yorkers, you didn't grow up in the Northeast, okay? You really didn't grow up in the Northeast. And if you did, you're listening to mainstream media, you're listening to Rachel Maddoff, aka, you know, Mark Cuban, tell you [21:42] Who Trump is. You're getting brainwashed by the woke liberal mob about who Trump is. [21:52] It's like the same thing when people say Trump took away women's rights. Trump was the 45th president of the United States of America. What rights were taken away from women? Zero. When Trump was running for office now in 2024, all you heard was women's rights are going to be taken away. What women's what women's rights were taken away? [22:17] And don't hit me with, oh my God, [22:24] Don't hit me with the abortion stuff. That's now with the states. [22:31] The states decide and if you guys want abortions, you can get abortions. [22:37] If you're not pro-life, you can go anywhere and get an abortion. [22:41] There are states that it's up to the states and the there are states that have said, hey, we we will allow women to continue to get. So what besides that, what rights were and even that, rights weren't taken away. What rights were taken away from women? [22:57] None. It's psyop. You've been psyop to believe somehow Trump has been he's a dictator. Well, a dictator wouldn't let you protest. A dictator would have brought out an army and and law enforcement to take you out of the streets. Arrest you, throw you in prison indefinitely, no court system. [23:21] When you guys say that Trump is a dictator, do you understand how a dictatorship works? [23:31] Do you understand how it works? [23:34] Like there is no you're not going in front of a judge and if you do, it's already preset for you to go to jail forever. You're going to prison for life. Until I decide to let you out. That's how it works. [23:52] Dictators don't let you protest in the streets. Ask Vladimir Putin. He's the president of Russia. Go anybody during this whole war with Ukraine, when you had people come out there in Russia saying, hey, man, we don't want our sons going to war with Ukraine. You had a 92-year-old grandmother that was arrested in Russia. For just standing. [24:21] You had a person that was arrested walking around in Russia with a blank poster. [24:29] By the Russian police. [24:32] You do not know what a dictatorship is. You have never lived one. Do not pray to live in one. [24:45] When you say these things, you have been absolutely brainwashed by mainstream media, by the people that hate Donald Trump to make to to have you believe this man is a dictator. He's not. [25:00] And by the way, as long as there's a Congress, a House and a Senate, Republican and Democrats, they will never allow for a dictatorship to take place. It just won't happen. [25:13] You know, it's funny. Trump's a dictator, but the Republican Senate has done everything possible to put the Republicans in this position to where they're fighting to keep the House and the Senate. So much for a dictatorship to where Senator Thune won't do shit for Trump. [25:37] They're all working together. Democrats and Republicans behind the scenes, they all they all work together, especially the good old boys that have been in Congress for 30, 40, 50 years. [25:52] That's why I laugh when people say Trump's a dictator. I can understand again, I can understand you not liking Trump. [26:00] That I understand. You don't like Trump, understandable. [26:04] You don't like the way he speaks, understandable. [26:08] You don't like some of his policies, okay, that's understandable.
[Part 4 of 6] [00:01] To say he's a dictator is crazy. To to have the if if Trump was a king, right? A lot of you guys talk about Trump's a king. [00:13] Would a king have any anybody ever watched Game of Thrones? Would a king let you protest? [00:24] Would a king let you protest out in the streets about a no kings no kings in America? [00:34] Fun fact for those who aren't educated, the only time there was ever going to be a king was when George Washington was offered the crown to America and George Washington declined it and said there should be and never will be any kings in America. [00:55] History lesson for those who didn't go to school. I went to school for you. That's right. I went to school for you. [01:10] That was the last time a crown was offered to anybody in the United States of America. It was to George Washington who declined it and said there shall never be a king. [01:29] And created the greatest country in the world. [01:37] That's what George Washington did. So when you say king this and king that, it doesn't even make sense. [01:47] Trump can write EOs, executive orders, but at the end of the day, you need house Senate to pass things. Think about what I said just said. Are you ready? I'm going to give you an example, Clarity Act. If Trump could pass the Clarity Act, he'd do it himself. He can't. [02:05] He needs the house, he needs the Senate. And guess what? They ain't passing it. [02:14] Because they're protecting their big old friends in in the goddamn banking system. Because the Clarity Act does not benefit the banks. It benefits the people. And so anything that benefits the people cannot be done. [02:32] Y'all want to have a conversation whether or not Trump should have launched a mean token before he got into office, we can have that conversation. I believe he shouldn't have done that. [02:43] He should have done it after the Clarity Act was passed. But then you gave a party that despises you, the ammunition to go ahead and do this, sit on their hands for four years. And imagine if the Democrats do win and take the house and Senate. [03:01] They won't do nothing. They'll sit on their hands and their agenda is, we don't like Trump. Can you tell me, because I've asked this question, what is what is the agenda of the Democrats? [03:14] What are the what are the Democrats running for? Higher taxes on billionaires? Great. Disincentivize every single entrepreneur in the United States of America. Disincentivize small businesses from participating in America. Basically, get rid of get rid of the middle class. So you have the poor and rich and then depend on the rich to go ahead and give you money so you can give money away to people so they can be attached to the government. That's all it is. What are the Democrats running on? Please tell me. [03:51] Every single person I talk to, it's about we hate Trump. That's what you're running on, is that you hate Trump. [04:04] By you hating Trump and Trump's still going to be in office for the next two years, what is that going to accomplish for the American citizen? What is that accomplishing for you? [04:14] You hate Trump because he's closing the borders? We let 15 million people into this goddamn country undocumented. You're you hate Trump because he wants to close the borders? Obama! [04:27] By the way, Obama wanted to get Obama got rid of more people from this country than anybody else. By the way, you guys hate Tom Holman? [04:40] Can you guys help me out with this picture? I need help with this. Hold on. I need you guys to help me out here. Maybe I'm confused. [04:53] I need you guys to help me out here. [05:00] Help me out here. I'm going to show you something. I need you to I need your help. I really do. I need your help. [05:10] I'm a little bit confused. [05:24] Hold on. [05:44] Well, I am more than confused now. I lost the goddamn screen. [06:00] Now, let's go to a different one. [06:27] Can y'all can y'all help me out here? [06:36] Who is this? Can y'all help me out here? [06:45] For everybody who's tuned in, help me out here. What is this? [06:55] Is that is that President Obama? [07:01] Is that President Obama? Is that President Obama putting that lovely metal on Tom Holman? The border czar? [07:23] That looks like President Obama. And that looks like Tom Holman. Tom Holman, the same person you guys hate now, you guys love Obama, you're clapping for every one of his speeches. Uh what happened here? [07:38] This is the same man that worked for Obama to take out over 3 million undocumented illegal individuals in the United States of America. This is the man that helped Obama get rid of them. [07:59] Same man that you don't like now. The same man that is under Trump now, doing the same thing. He's doing exactly the same job. Same thing that he did under Obama. [08:13] Y'all hate him. Make it make sense. And I guarantee you, half the people that are tuning in right now have no idea that Holman worked for Obama. And that's the problem. That is the problem when you get your information from mainstream media. [08:36] The same man, here's the same man who worked for Barack Obama, President Obama, right hand man. [08:48] This man and Obama got rid of over 3 million, if not more, undocumented individuals that were in the United States of America. [09:00] Where was the same fire and passion that you guys are showing now that he's working under Donald Trump? Now he's bad? [09:15] Explain this. I will offer anybody to call up to the show and explain to me how Tom Holman could be a good guy under Obama and how Obama got rid of 3 million plus and also had people in cages. Individuals were put into cages. [09:41] Explain to me how Obama was a good guy, respectfully. By the way, I respect the fact that he got rid of people that were undocumented in the United States of America. So I I you know, there's no beef there. But explain to me how Obama did it with the same person who's doing it now. Yet now the same person, the border czar, Tom, is a bad guy. [10:06] All of a sudden he changed. Stop it. And this is why this is why this is why when I speak on these topics, I don't listen to Fox News. I don't listen to CNN. I don't listen to all these mainstream media networks. I do my own research and I come to my own conclusions. [10:29] And my conclusion is very simple. Obama deported more people than Trump has ever deported out of this country. [10:40] They both have used the same person to help them deport people. Yet with with Obama, not a single word, silence. [10:51] It was a round of applause, great job. [10:57] But because now he's with Trump and doing the same job that he did under Obama, now there's a problem. Now he's bad. This is the same thing with Elon. This is the same exact thing. Same exact thing. [11:19] Same exact thing that happened with Elon. You guys loved Elon. Elon is the greatest innovator of all time, the greatest builder. You all drive Teslas. [11:32] Go green. Yes, Elon, EVs, love it. Love FSD. [11:47] Elon saw what was happening, saw how people were coming into this country illegally, saw that most of the illegals that were coming into this country were going into red states, understood that if the plan works out and you get a bunch of illegals into red states, and then you don't ask for ID when it's time to vote, this country would have then became a dictatorship, but not under Trump. It would have have never became a dictatorship under Trump. It would have been a dictatorship under the powers that be. And those powers are definitely Obama. It would have been obviously Kamala Harris would have been president. Tim Walls, the vice president. They talked about eliminating or coming to some sort of conclusion on what is hate speech. [12:52] You imagine what is hate speech? They would have been telling you what hate speech is. So you could be just randomly talking with somebody and that could be considered hate speech. It is crazy. [13:08] If we don't wake up, if we don't wake up and vote red, and listen, there are candidates that are running on the Republican side. I'm not really into them, man. I'm not. I'm not like a huge fan. But I'd rather go with the Republicans than Democrats talking about opening up the borders. [13:34] Bringing people here that hate America. They also talk about hating America. [13:41] Why would I vote for somebody who wants to bring in communism and that hates America? By the way, a lot of you guys are in crypto. So why would you vote for people that are anti-crypto? I don't even understand the logic. [13:57] The logic behind, okay, they hate crypto, so I'm going to vote for them. You're in crypto. 70 million people plus are in crypto. Why would you vote for people that hate it? [14:19] Look at the crime rates in America under Donald Trump. Down. Down. Crime down. Economy up. [14:32] Is it fully there yet? No. Are we in a war in with Iran? Yes. Inflation is still lower with a war in Iran, with a with a fucking shortage on fuel and oil because of what's happening. Inflation still down. [14:51] Nowhere near. Stock market up. Bitcoin up. Crypto's going to go up. And we're still in this situation where we haven't fully seen what can happen if we actually had a Congress that would bring forth solutions and bills that helped the American people and help pass some of these agendas. [15:24] Welcome to the breakdown episode 814. I'm I'm ready. [15:35] I am ready today. I am ready today. [15:49] I don't I don't know who can vote. Respectfully, I I don't even understand how you can vote for. [15:57] See, there there used to be Democrats, but then these aren't Democrats. Like if if these were the old school Democrats, well, they're more like old school Democrats are kind of like Trump. Go go listen to Barack Obama's speeches, you would think it was Trump talking if you didn't have the transcript. [16:16] Hillary, Bill, Joe Biden, like all these people, they talk the same way. Trump has a way, a unique way of talking, but they all talk. And they all propose the same policies. It it's crazy. [16:38] Trump literally was a Democrat. He still is. [16:45] If you listen to if you go back two decades and you listen to Trump, go back two decades and listen to Democrats. Listen to the Democratic Party. And then listen to Trump. [17:01] It's the same thing. They're running on the same policy. [17:14] You got these new Democrats, these new socialist/communists that are coming in here talking about tax the rich. How much more can you tax them? You're taxing them at 95%. How much more? See, they're thing here's socialism, right? We tax the rich. We continue to tax them and then because that's where the money comes from. But what happens when the rich leave this country, give you their passports and there's no more money to tax? What happens then? Where does the money come from? Guess what? They start looking for you. [17:49] Since the rich left, now we're going to the next sector. Next part of this pyramid. And that's you. What do you mean me? Well, you're making $300,000 a year. We don't have we've taxed all we could with the millionaires and billionaires. Now it's time to go ahead and tax you. That's how it works. [18:12] Socialism and communism have never worked anywhere, especially socialism. Anywhere socialism has gone, it has never worked. Now some people will tell me, Dave, there's socialism in America. Tiny bit of it. We're not talking about a 100% socialist country. [18:38] We'll tax the billionaires. Billionaires are gone. We'll tax the millionaires. Millionaires will be gone. Then we'll go after the regular folks that are working their asses off to make it day by day. Make their rent and all that shit, pay their bills, car notes. We'll tax you. What do you mean? I voted for you to go ahead and Yeah, but unfortunately, somebody got to go ahead and keep the lights on in these government-owned stores. [19:15] It's crazy, bro. It is absolutely insanity. The whole psyop also is But guys, don't look here. Don't look at what we're doing. Israel and the Jews. I'm telling you. That's how that's how they play the board. [19:31] That is how they play the chessboard. Over there, look, the Jews and Israel. And you guys are you guys don't even know where Israel is. You couldn't even you don't know where Israel is. You don't know where where where Gaza is. You couldn't even see it on a map, okay? You don't even know how to spell it. You don't even know how to spell Israel. That's how bad it is. But hey, you got the obviously you got money being poured in for the for the protesting. Cool, cool. Look at Israel. Look at the Jews and and BB. Yeah, yeah, he has blackmail on on Trump. He's blackmailing Trump. Yeah, yeah. Trump who absolutely doesn't listen to not a single person. Trump who wants to be the greatest president of all time is going to listen to BB. Okay. All right there. Tell that tell that story to somebody who'll believe it. And I'm sure you have a lot of believers out there. [20:22] But look over there, while they bring France here, okay? While they bring everything that's happening in France into the United States of America. You see France melting down. You see Italy all these countries melting down. It's because their cultures are disappearing. And America's next if you do not elect people that love America, whether Democrat or Republican. [20:55] You will have France. You will have Brazil. You will have all these countries. Venezuela. You will have this is still a socialist country. We're still working with that. [21:08] You will have what is happening where a bunch of students who are protesting, maybe they have maybe they have things that they can stand on. But there are people that have taken the opportunity. Immigrants who have taken the opportunity to burn down buildings. 150-year-old buildings being burnt down. [21:36] 150-year-old buildings being burnt down for what? And then you have people giving out flyers in France saying, this is good. We want to overturn the government. [21:50] France, 60% 60% of France. The people in France, 60% of the money goes to the people public support to the people of France. It's crazy. And they're still not happy. [22:10] It's bigger than that. And one day, I'll say this, one day, when the Jews aren't the topic anymore, when it's when it's not the Jews, when it's not Israel being the topic anymore, it'll be the Christians and Catholics. It's coming. [22:29] So to all those Christians and Catholics that are brainwashed into thinking, oh, like the Jews, Jews, Jews, Jews, Jews. No problem. When the Jews are done with, okay? When it's over, when when they clean house with the Jews, me, I'm Jewish, by the way. When they clean house with us, it'll be but the Christians too. And the Catholics. [23:00] And then they'll be and these are the same people voted in the people that want to take everybody out. [23:12] Same people that you are voting in right now. [23:19] I I remember about 10, 15 years ago. I remember 10, 15 years ago. [23:31] There was an interview. I think Piers Morgan was doing the interview. And he was interviewing this guy and he said, we're going to bring Sharia law everywhere. [23:45] This is a time when England wasn't when England was England. This is when England was England. And this guy said, we will bring it everywhere. [24:00] And Piers Morgan kind of laughed it off, said, it'll never happen. Like this'll never happen. [24:14] The problem that we have here is is that they have the people behind the curtain have put it out there that you cannot talk about these subjects, otherwise you're deemed racist. You talk about these you have these conversations, you are deemed racist. [24:34] When there's nothing racist about it. [24:40] Nothing racist about anything that's being said here. When I say that America is a Christian country, founded on Christian values, nothing racist about that. That's the truth. [24:56] I am Jewish telling you that America is a Christian country founded on Christian values. Yes, we're we're diverse and we have all these wonderful cultures. I grew up in New York City. I grew up with a lot of people. I got to participate in a lot of cultures. I love my brothers and sisters. [25:20] Love my brothers and sisters. Whether you're Muslim, whether you're Christian, a Catholic, we grew up together. [25:29] I celebrated events, holidays, observed with my brothers and sisters here in in New York City. The the most diverse place in the United States of America. 100%. We are the most diverse place in America. [25:54] Yet we all in New York City understand what is happening. Whether we're Christian, Jewish, Muslim, Catholic, whatever. We all see it. That's the thing in New York City, the real ones, the OGs that are still here, we understand what's happening.
[Part 5 of 6] [00:00] We've seen the changes. [00:07] The problem is the new generation is being absolutely brainwashed by liberals. [00:17] And these liberals are white liberals, white woke liberals. [00:21] Bottom line. [00:35] Just look at the marches. [00:37] Look at the marches. [00:38] When it comes to all these things, it's always the white liberal. [00:43] It's like it's it is always. [00:50] I have people, big name, notable people that will contact me and say, Dave, man, I wish I can say the things you say. [01:00] I wish I had the balls to say the things you'll say. [01:07] But that's the truth. [01:09] That is the truth. [01:10] And one day you'll wake up. [01:14] One day you'll wake up to it and say, this again, this is not even, let me throw this away. [01:20] This is this has nothing to do with Republicans or Democrats. [01:23] One day you'll wake up and say, holy shit, where's America? [01:29] And it's too late. [01:32] At that point, it is absolutely way too late. [01:42] That's it. [01:43] It will be way too late. [01:46] And that's what it usually happens is that you wake up and you're like, holy shit. [01:51] It's not America anymore. [01:53] It is it isn't. [01:55] And we didn't listen. [01:56] Like the people that were yelling and screaming and shouting, we didn't listen to them. [02:00] Screw them. [02:02] Anyway, welcome to the breakdown. [02:04] Let's look at what Polymarket has. [02:08] By the way, I'm going to do this again for you guys. [02:11] All the Democrats, and I respect the fact that you you believe in something. [02:15] I respect the fact that you believe in something. [02:17] But here, believe in this, that Holman worked for Barack Obama. [02:22] Barack Obama was the king of deportation more than 3 million plus deported under his presidency. [02:32] He had Tom Holman work for him to deport people, lead that charge, okay? [02:39] And this is the same man that you cheered for, but now you don't cheer for Tom Holman because he's doing the same job for Trump, but it's only because he's doing it for Trump and not doing it for Obama. [02:50] So there you go. [02:51] I want to make sure you got that picture clear. [02:55] And this is the same man that was awarded the highest medal in the United States of America by the president, the current the former president, Barack Obama. [03:10] There you go. [03:13] By the way, to my Jew friends, like there's nothing wrong with me saying, there's nothing wrong with me saying that this is a Christian country. [03:20] Cuz it is. [03:21] Like what am I supposed to say? [03:22] It's a it's a Jewish country. [03:24] It's a Catholic like what do you want me to say? [03:25] It's not it's a it's a it's a Christian country. [03:29] What do you want me to say? [03:36] What the fuck you want me to say? [03:40] Um, let me go ahead and pull up uh Polymarket here. [03:43] Shout out to Polymarket. [03:45] Shout out to Midnight Midnight City. [03:47] Tomorrow we go, we'll go uh, we got guests coming on tomorrow, but we'll go venturing into Midnight City. [03:59] Again, could things be better? [04:00] Yeah. [04:01] Like things can be better in America. [04:06] Things can be better in America, 100%. [04:11] All right, we'll look it looks it looks a little bit different. [04:14] Man, I whoa, the percent has gone up. [04:17] Let's look at Polymarket here. [04:21] Polymarket. [04:23] My goodness. [04:24] By the way, real quick, if you haven't yet, sign up to Polymarket right now. [04:31] Get the application, sign up. [04:34] You can click the links that I put out there. [04:37] But if you're signing up and you want $25, put in the code breakdown, okay? [04:43] Put in the code breakdown, get $25. [04:48] $25 when you sign up to Polymarket using the code breakdown. [04:54] Well, I'm Polymarket right now and look at this. [04:58] Polymarket is saying that they're feeling Polymarket feels like 68% chance of the Democrats taking control of the Senate. [05:10] Okay. [05:11] All right, that's that's wild. [05:14] And a 66% chance that the Democrats sweep the midterms. [05:19] With only a 28% chance that the Republicans keep the Senate while the Democrats get the house. [05:27] And only a 9% chance that Republicans sweep. [05:31] If the Republican Party is not watching right now, if the Republicans, if Americans are not watching right now, I don't know what's up with you guys, man. [05:41] I really don't know what to say. [05:44] US House midterm winner, 92% house goes to the Democrats. [05:52] US Senate midterm winner, Democrats, 68%. [05:59] Wake up, guys. [06:01] Wake up. [06:07] Wake up. [06:09] Also, build your own map. [06:15] Click here. [06:16] You can build your own map. [06:20] You can go on to Polymarket, okay? [06:23] You can go ahead and download the application and you can build your own map. [06:27] Or you can go to polymarket.us and you can, hey, you think you think Texas goes blue? [06:33] You keep it here. [06:34] You think it goes red? [06:37] Click on Paxton. [06:40] Kansas red? [06:42] You think Alaska might go red? [06:45] I did this. [06:47] My whole my whole thing's red. [06:50] My whole map is red. [06:52] Again, you can decide though. [06:53] You can go on to polymarket.us and decide who wins here. [07:01] Okay, go on to polymarket.com. [07:03] Polymarket, the official prediction market sponsor of the breakdown. [07:08] Welcome back, ladies and gentlemen. [07:17] If you're in crypto, you're voting for Republicans. [07:19] Like it makes no sense. [07:21] If you're in crypto and you're not voting for Republicans, it makes no sense. [07:26] I I I don't even understand. [07:28] I I don't even understand you. [07:30] You are a lot of you guys quit your careers to come into crypto and you vote Democrat, it doesn't make sense. [07:37] These Democrat socialists don't care about crypto, they hate crypto. [07:40] They hate anything they hate anything that has anything to do with having an opportunity of succeeding in the United States of America, okay? [07:47] They want to figure out how they can tax the rich, the richest people in this country. [07:52] After them, how do they tax you and how do they bring in communism and how do they change America from not looking like what America looks today? [07:59] That's it, bottom line, okay? [08:01] That is that is absolutely the truth. [08:07] What did Barack Obama say? [08:09] What did Barack Obama say? [08:10] We're going to speak English in this country. [08:11] English is the first language in this country. [08:14] Isn't that what Barack Obama said? [08:16] I'm just using Barack Obama's words. [08:19] That's what Barack Obama said. [08:21] You better go out there and tell your friends and family, hey, you need to go out there and vote. [08:26] We can't sit back, we got to vote. [08:31] Crypto. [08:33] Everybody's like, man, for those that are here for crypto, everybody's like, man, Dave, why are you putting out tweets like that about crypto? [08:43] Let me go ahead and show you the tweets that they're talking about. [08:46] Show you the tweets that they're talking about. [08:47] I want to put it out here. [08:50] I'm on fire today. [08:51] I feel it in my ball sack today. [08:55] I feel it in my nuts today. [09:00] I really feel it in my balls today. [09:04] Let's go ahead and look at this is what pissed people off, but let me let you understand why I said this. [09:11] This this pissed people the fuck off. [09:18] I said, and this is true. [09:23] 90% of cryptocurrencies, of all cryptocurrencies, will die off in the next few years. [09:29] Why did I say this? [09:31] Why did I say this? [09:33] Because it's the truth. [09:37] They're already dead. [09:39] They're already cryptocurrencies that are absolutely dead. [09:42] They just have a bunch of people holding on hoping to get even, okay? [09:46] And I'm talking about those protocols, utilities that do the same shit, they go faster and all this. [09:51] 90% of all these cryptocurrencies will die. [09:54] Why? [09:54] I will tell you why. [09:56] I will tell you why they will die. [10:03] The New York Stock Exchange is building a DFI platform. [10:14] Do I need to say more? [10:16] The New York Stock Exchange is building a DFI platform. [10:22] They will also bring in the next or usher in the next protocols. [10:32] They will select the ones that are currently in this industry, the 10%, if that 10%, might be 5%. [10:42] And then they'll build their own. [10:46] They will absolutely build their own protocols. [10:50] Because at the end of the day, the institutions want full control of crypto and they do not want you to have any skin in the game when it comes to this. [11:07] Why was I so big and why am I so big on the memes? [11:09] Because memes are the last resort for retail to point the middle finger at the establishment. [11:20] Even the institutional players understand the importance of memes because they are in memes now. [11:28] Van Eck came out with a meme index two, three years ago. [11:34] They understood the crowd. [11:37] They understood, oh, there's a younger crowd here that could be future clients. [11:43] They are going to take over everything we have. [11:46] This is the last cycle where you'll be able to become a multi-millionaire. [11:50] This cycle, you will have crypto and you will have AI. [11:55] And those two working together will send this send this industry parabolic. [12:04] I'm talking about $10 trillion market cap is conservative. [12:09] I just told you what's happening right now. [12:14] I just told you that they are building out their own platforms and they are picking the winners. [12:22] The meme economy that I'm talking about will be on the tokenized end. [12:28] And that will be you will look at Tesla as a meme. [12:32] You will look at SpaceX as a meme. [12:34] You will look at Nike as a meme. [12:37] These things will be meme. [12:40] They will be memefied for you to get in. [12:46] And at least you can go to sleep at night knowing, oh, well, I got into Tesla. [12:51] I got into SpaceX. [12:52] I don't got to go ahead and twist and turn at night, thinking whether or not this shitcoin that I went into is actually going to last. [13:03] So yeah, 90% of all cryptocurrencies will die out in the next few years. [13:07] I stand on that. [13:15] You can go down here. [13:17] Some people agreed, some people didn't. [13:21] Landy, the stable coins will be the top market cap cryptos before we know it. [13:26] He's right. [13:28] People have pivoted to stable coins. [13:31] People are creating stable coins. [13:37] Stable coins will be used along with AI to perform these transactions. [13:43] It won't be your favorite cryptocurrency. [13:47] Your favorite shitcoin that came off of a from the goddamn fucking launch pads. [13:54] It's not going to be that. [13:58] Don't get me wrong. [14:00] Some memes will do well, okay? [14:02] Don't get me wrong. [14:03] Some memes will do well. [14:04] Pepe will make a comeback. [14:06] Bobo will make a comeback. [14:08] I will give a shout out to Satoshi because I there's no way that we are here in crypto. [14:15] Satoshi Nakamoto allowed us, gave us mainstream. [14:21] They gave he gave us an opportunity to free ourselves from the centralized world. [14:25] Bitcoin gave us the opportunity to be free. [14:30] Without Bitcoin, we're not here today. [14:33] Regardless of what you think about it. [14:35] Without Bitcoin, we are not here today. [14:39] We don't have a thriving ecosystem. [14:40] We're not changing the way the monetary system is working, okay? [14:46] Without Bitcoin, we're not here. [14:51] We're still operating the same way. [14:52] Why do you think the banks are fighting? [14:55] Why do you think they don't want to pass the Clarity Act? [14:59] Bitcoin's ruined everything for them. [15:02] Bitcoin has absolutely ruined everything the old guard has stood for. [15:08] And that is make your asses work, give you this opportunity to become a manager within their company. [15:19] And retire at 70 with your 401ks, if you get that, matched, if you get that. [15:30] At 70, you got five more five more years to live, done, cooked, next. [15:34] They don't give a shit about you. [15:38] You see the woman? [15:39] See the woman who uh, she's been at Walmart for 40 years or some shit like that. [15:43] What was it? [15:44] 40, 40 years? [15:45] 46 years? [15:46] 44 years? [15:47] They took a picture of her and gave her flowers. [15:49] Now, I know, I know that she was under the previous plan before they changed it around 2011 or 2013 where um, the longer you were with Walmart, I believe, you got some sort of incentive and a lot of people retired millionaires from the janitors to whoever. [16:13] But you imagine 40 years or 44 years, a woman has worked for a corporation like Walmart, which makes billions of dollars a year. [16:25] And she gets to be put in front of a a in front of a logo, the Walmart logo, and they take a picture of her and they thank her. [16:34] And they give her a social media post, thank you, and they give her flowers. [16:43] You believe that? [16:44] They they these are the opportunities that were afforded to you guys. [16:49] The Department of Education does not teach anybody to be entrepreneurs. [16:53] They teach you how to work for others. [16:56] They don't teach you financial literacy. [16:58] They don't. [16:58] The literacy part is gone. [17:01] Finance gone. [17:02] Math is not finance. [17:04] It's a part of it, but it's not finance. [17:05] They don't teach you how to write a check. [17:08] They don't teach you how to invest your money. [17:10] They don't teach you what hard money is or what sound money is. [17:13] They don't do any of that stuff. [17:16] You are taught how to be a good worker. [17:18] Some of you guys get to be VPs for a company. [17:22] Some of you guys just get to live out your dreams being an entry-level worker for somebody for the next 30 years and then you'll retire and they bring somebody else in and they don't give a shit about you, they don't call you no more, you're gone, Dunzo. [17:39] That's it. [17:41] That is it. [17:46] But you have a chance of a lifetime now. [17:54] You absolutely have a chance right now to become a multi-millionaire. [17:59] I mean, I wrote a book on I wrote a book, the million dollar AI playbook. [18:06] I'm writing two more books. [18:07] This one's for beginners, though. [18:09] This book to let you understand my like how I it took how it took me a few months to to get it. [18:18] How to prompt correctly. [18:21] How you will go about like this tells you everything you want to know from a really basic level. [18:31] I love crypto, but I I've been teaching myself to become an elite prompter, an elite expert when it comes to AI and how to use AI and how to build a multi-million dollar business with AI. [18:47] And any of you guys can do it. [18:49] All you need is $400. [18:51] $400, $500 overhead tops. [18:57] And you can be absolutely 100. [18:59] There's no if you're not lazy and you're obsessed with being successful, you can absolutely win. [19:10] If you want to. [19:11] I mean, that's up to you. [19:12] Or you could sit here and watch me win. [19:14] It's it's those two. [19:17] Cuz I have people who will troll me. [19:20] Are you winning? [19:21] No. [19:22] So it's you can continue to troll. [19:23] I need more. [19:24] I need more haters. [19:26] Not less. [19:26] I need more. [19:30] My haters turn into fans. [19:31] I always say that. [19:32] And and it's a cliche, but that's the truth. [19:35] At some point you literally you listen to me and you're like, at some point you listen to me and there has to be like, and I'm going to give myself a pat on the back. [19:47] At some point you have to say, I mean, this guy knows what he's fucking talking about. [19:53] I I might not like him, but he knows what he's talking about. [20:04] Crypto will do very well. [20:07] The meme economy has to watch itself. [20:11] Look what's happened. [20:12] Like look look, yesterday there was a big scandal in crypto. [20:19] And it's just like, man, like, you know what? [20:21] I I don't even should I even give my opinion on it? [20:24] Should I even give my opinion on it? [20:28] Should I even give my opinion on this shit? [20:32] What happened? [20:34] Cuz when I look at it, it's like it it's performative. [20:38] It's the same shit, rinse and repeat. [20:39] It's just absolute to me. [20:43] And that's my personal opinion and I'm entitled to one because I live in this fucking country and everybody has an opinion on me, so I have an opinion on this. [20:51] It's all performative and it's just like, man, this is why I keep saying people are going to leave this market. [20:57] And a lot of people tell me, oh, social trading, great. [21:01] You know what? [21:02] When you guys tell me about social trading, and by the way, this is not about FOMO, by the way. [21:09] This has nothing to do with FOMO. [21:12] Cuz I like what FOMO came out with. [21:13] They came out and said, we need less tokens and we need more community building. [21:16] I love that shit. [21:18] But what I'm talking about when I mean social trading, you have people that are being propped up and they're telling you, you got to trade. [21:31] You got to trade. [21:33] The older cats, OGs like me and others, we're not going to do this shit. [21:37] We're not going to give away our money to you. [21:40] So who are these people going to trade with? [21:42] A bunch of people their age, they don't got fucking $1,000 to their name. [21:49] That's their market. [21:50] Social trading $5. [21:54] And one person is going to win one basically a few people are going to win $5 off of somebody to the point where after they collect it all up, they'll become a millionaire. [22:10] It's funny, they talk about the plumbers. [22:12] They talk about the plumbers. [22:14] We could never it was easy to trade. [22:19] We didn't have AI. [22:20] It was easy to trade. [22:22] We were going based on a goddamn PDF. [22:26] We were going based on like hopes and dreams that that goddamn tech would work. [22:34] That's what we were praying for. [22:36] Back in the day, we prayed that the fucking tech would work. [22:41] You think that shit was easy? [22:45] Everybody gave us a PDF. [22:46] It looked like a fucking Ferrari and it ended up being a goddamn Ford Pinto. [22:52] You think that was easy to go ahead and analyze? [23:00] These broccoli head motherfuckers got some nerve. [23:03] These broccoli head motherfuckers got nerve. [23:05] We'll out trade you. [23:06] We have the money. [23:08] The OGs, the ones that built this motherfucker. [23:12] Brick by brick we built this shit. [23:15] We got the fucking money. [23:18] You need us. [23:19] We don't need you. [23:20] You're Fortnite trading. [23:24] You're you ain't trading memes. [23:27] You can't even hold for 14 minutes. [23:30] You'll talk about us. [23:33] You need us. [23:34] You don't want us to walk away. [23:36] Guess what? [23:37] We're going to go into the tokenized meme economy. [23:42] You don't know how to trade. [23:44] Y'all pivoting and trying to learn the stock market on the fly. [23:47] You don't even know what the fuck you're talking about. [23:49] I've listened. [23:54] Fuck that. [24:01] They're going to talk about us. [24:02] I'll talk about y'all. [24:03] I don't give a fuck. [24:09] I saw how y'all performed in real time with no fucking alpha chat. [24:12] I'll talk real time with this shit. [24:19] Trading's hard, man. [24:25] And yes, you know what? [24:26] With this, the million dollar AI playbook that I wrote for beginners and shit, it's easy to make money in AI, okay? [24:35] If you can't right now, there is nobody. [24:38] Right now, there are a bunch of lazy ass people. [24:41] They're participating in fuckery. [24:43] All they're doing is talking about people. [24:45] Go on to X spaces right now. [24:46] Somebody's just talking about somebody. [24:48] Nobody's really building anything. [24:50] You right now can build a goddamn company and solve fucking issues that currently face a lot of small businesses. [24:56] You could do that right now. [24:58] Mark Cuban's right. [24:59] The next trillionaire is going to come out of a fucking basement and they're going to be like 36 years old. [25:04] Maybe even younger and they learned they learned from reading books like this and other books out there, how to use AI and how to prompt and how to be an elite prompter and they're going to win big. [25:14] That's it. [25:15] That's what it comes down to. [25:16] It comes down to who has an obsession to win. [25:20] An obsession to win. [25:23] That's it. [25:23] An obsession to seize the opportunity. [25:26] AI, brand new industry. [25:29] Basically Bitcoin what it was in 2011 is what AI is right now to grab it by the horns and fucking do something with your lives. [25:37] Make your parents proud. [25:39] Retire your parents. [25:40] Shit, you're in the greatest fucking era in life. [25:43] Forget about all the shit that's happening with Republicans and Democrats and politics and geopolitics. [25:48] You right now, when it comes to money and comes to technology, you're in the greatest goddamn time in your fucking lives. [25:57] You can become multi-millionaires if you really want to, okay? [26:01] I'm not saying the first and second and third time it's going to go ahead and work out for you when you try to create something, but maybe the fourth or fifth with AI, you will catch on to something that is needed, that is needed by some.
[Part 6 of 6] [00:00] somebody and somebody sees it as a value and they take it and they buy it and they put you on. [00:06] That's it. [00:08] (clapping) [00:13] You know, [00:17] and I say this [00:19] again, if you do not take on, [00:24] if you really, if you fade this shit, I don't even know what to say. If you fade Bitcoin and you fade the tech that we have here with AI, if you fade everything that I like I I really do believe and I've always brought value to the goddamn conversation. If you [00:43] take take what I say today, research it and see if it applies, man. [00:49] Don't be that person that five years from now says, fuck, I could have been because I believe wholeheartedly in the next five years, we will produce more multi-millionaires than in any other fucking era that we like whether it was dotcom, crypto, whatever. We will produce more millionaires in the next five years than we did in the last 30, okay? I am just saying, take it serious. You could still have fun. Take your life seriously, grab the opportunity, go get it. [01:22] Get it done. [01:25] And then if you want to troll, troll. But you guess what? When you start making money, when you start upping yourself, okay? When you start taking yourself seriously, you ain't going to be trolling. [01:35] You might decide to do a podcast. You might be doing fucking, I don't know, speeches in front of colleges, college students, telling them, hey, how you became successful and what they need to do. Fucking take your life seriously for once, man. [01:51] Stop. You're acting like, yo, you trolling on here. You trolling on social media, you talking shit, you hating on somebody. [01:59] That doesn't pay you anything. You don't get money from that. [02:04] You ain't winning nothing. By the way, you crying over your favorite presidential candidates, your favorite, you know, senators and Congress people. [02:15] That doesn't that doesn't put money into your pockets. [02:19] They they love you when it's time to vote and they're gone. What are you doing afterwards? You're so passionate about defending shit. Defend America. [02:29] You don't have to be fuck being a Democrat, Republican, independent. If you love America, defend America. Be an American. [02:37] You could be you can have different opinions on policies, but love America. Make sure it stays the same way that everybody has an opportunity to win here. That's it. [02:47] Y'all crying for people you have never met in your lives. They don't give a fuck about you, man. Like it's it's crazy hearing you guys go so hard for people that don't give a fuck about you. [03:02] Like they're going to come over your house and have dinner with you. They're not. [03:07] They're not. [03:10] Perfect example was Mandani. Soon as he got elected, the people came to City Hall to protest because he started to raise fucking raise taxes on them. The same people who hardly get by got taxes fucking raised on them. [03:31] It's a smile to get into office and then it's it's a a double two middle fingers to you guys after it's all over. [03:40] But I'd rather know who I'm dealing with and I know Republicans and even some Democrats, unfortunately, they didn't make it because of this new new virus that's come in, the Democrat Communist Party, okay? Unfortunately, some of these sane Democrats didn't make it to the ballot, okay? [04:01] So unfortunately, like I I I like I'd rather vote for Republicans down the line. I I love America. [04:13] I'm sorry for my rant here today, man. [04:16] I just like there is so much opportunity here for all you guys, man. It doesn't matter. If you have $50 to your name, you can make it. You can turn that 50 into 1,000, 1,000 into 5,000, 5 into 10. I've seen it. [04:33] Please don't tell me it can't happen. I watched somebody go in with $250 into Pepe becoming a multi-millionaire. [04:41] Please don't tell me it can't happen. I've seen these things happen in 4K. And I'm just using a crypto analogy. [04:51] Most of the most successful billionaires on the planet, they were broke. Elon, broke down to his last cent. [04:59] He was broke. Bankruptcy. Tesla, SpaceX, pick one. He picks both. Last minute, the rocket sends. It works. He gets the investment. SpaceX, Tesla is here. It's just about betting on yourself, man. Just bet on yourself. [05:19] Work as hard as you can, man. Bet on yourself, you'll win. Seriously, man. [05:25] Don't you ever stop believing in yourself. [05:31] Whatever you choose, whatever career you choose for yourself, don't ever stop believing in yourself. And I say this again, I'm a Republican, but at the end of the day, I'm an American. [05:44] I'm an American who has supported a Democrat before. Like it it is okay, a sane Democrat. [05:54] I'm an American who is American first, not Nick Fuentes, but American first where we Americans deserve to go ahead and the right have the right to succeed and have access to things because we were born here. We've done everything possible to work our asses here to go ahead and build this beautiful country. We deserve first rights to everything. And that's not to say we shouldn't let people in here, but everybody needs to wait their turn. There is a process here, okay? There are processes in Russia, in Poland. We have a process here. People need to wait to get in. [06:37] It's the same thing that Obama did. [06:42] Wait your turn. [06:45] Fill out the papers, wait your turn. The dream act for those who don't remember, okay? You talk so great about Obama. [06:55] I'll talk great about Obama too. He did the right thing by eliminating and getting rid of undocumented individuals out of this country. Obama did a great job. [07:05] That's it. You can you can say that. [07:13] We Americans, regardless of party affiliation, we deserve first. [07:22] We deserve to be put first. We deserve the best medical care. We deserve everything. [07:30] Bottom line. [07:34] We can't have undocumented individuals here getting better benefits than the people who live here that pay their taxes and all. It is absolute bullshit. [07:48] And I've already stated, I already gave you my stance. Both sides have done absolutely nothing. [07:57] Except what? Close down the government? [08:08] Listen, I know capitalism might have not worked for a lot of people or hasn't worked for a lot of people, but capitalism works. [08:18] It does work. [08:21] Socialism and communism do not work. [08:26] Please do yourself a favor with how many days to go? Five days to go. Do yourself a favor and educate yourself on communism and socialism. Ask people who live it. [08:39] Not just read about it. Ask people who live it. And don't tell me about do I know about communism? I have a family who escaped from communism and waited online to come to America and I'm first generation in this bitch. [08:57] Do not tell me about communism being great and socialism being great because that shit had my family and tons of families oppressed and silenced. No freedom of speech, no nothing. [09:14] So don't you come out your mouth talking about like you know something and you haven't left your goddamn state. You haven't even left your goddamn town. [09:27] You have absolutely no idea what the fuck you're voting for. [09:35] You will regret the day you vote for communism. Cuz that's what the socialism thing is disguised as. It's communism. And once it's in, you can't get it out. [09:52] Anyway, welcome to the breakdown. This show sponsored by Midnight, title sponsor Midnight. [09:57] (cheering) [10:00] Midnight is doing big things. Charles Hoskinson is absolutely dominating in the paint right now. I don't want to hear it. Y'all can hate, but it is what it is. Y'all hate people when they dominate and he's dominating. I can't wait until, yo, I really cannot wait for Midnight to fly. Also, Polymarket. Polymarket is the official prediction market sponsor of the breakdown. Polymarket, I love you. I hope you're wrong on what's happening right now. [10:27] This is the only time, and it's because of it's my love for my country. [10:32] That I hope that you're wrong here on the percentages. I hope the polls are wrong. I hope it's all I hope the red wave comes. [10:41] I hope it comes out and we dominate. [10:47] Also, Cake Wallet. Cake Wallet is the official prediction market sponsor of the breakdown. Oh my God, I'm so intense right now. I just gave up Polymarket's line. Cake Wallet, one of the most secure wallets in this space. If you want to hold your Bitcoin, Litecoin, Zcash, Monero and feel safe holding it, [11:07] get Cake Wallet. App Store, Google Play, cakewallet.com, you go there. Vic, Seth, Leia, Leia is everywhere all over the goddamn world right now. [11:19] Representing. You know, talk about a brand taking it to the next level. Cake Wallet has been a fantastic tool as is, but Cake Wallet's branding is on another level. This is what I mean. And it's all [11:35] this is all hard work and long-term vision. They've been cooking for years. [11:41] Through multiple bears and bulls. [11:45] Fomo.dafamily, another one. I said it before, man. See shows me visions of CZ, man. I think Fomo's going to do great. [11:55] And I and I appreciate him coming out there and saying, we don't need more tokens, we need more community. Rallying around the current things that are already out there. I appreciate that. Somebody in that position coming out could have said otherwise, could have built out a launch pad, could could have decided to go get more revenue in. [12:15] But said, you know what? No, we need to do things differently. I like that. That's what we needed. We need more of that. We need more leaders in those positions stepping up and saying, we need more [12:28] we need more community building. We need to rally around what we have already, then to keep on shooting off memes or whatever this shit is every six seconds, okay? [12:39] (cheering) [12:41] We'll leave you with the quote of the day. [12:44] (cheering) [12:48] Quote of the day. [12:52] I feel it like I today I I I don't know what it is, man. Maybe it's I don't know what it is. I I just feel so passionate today. [13:06] I really do. I feel so rejuvenated, passionate. Watch when I get my haircut. It it's going to be on another level. I'm working out. I'm lifting heavy. [13:24] The quote of the day. [13:30] What's the quote of the day? [13:34] Already, here's the quote of the day. Never fucking apologize for being yourself. If they can't handle your truth, your energy, your presence, that's on them. Stop shrinking to fit into places you weren't meant to you were meant to outgrow. You weren't built to blend in. You were built to break molds. Being real will cost you fake friends, shallow relationships, surface level validation, but I will it will bring you peace, purpose and people who see you for what you are, not who they want you to be. Stay loud with your truth, stay bold with your energy. The real ones will never ask you to dim your light. [13:40] (cheering) [14:13] Bottom line. Never fucking apologize for being yourself. [14:17] (cheering) [14:19] I want to thank TikTok for the first time. We are we average over 200 concurring users that are listening in. They are tuned in. Shout out to you guys. I appreciate you. I will see you tomorrow. I now know and understand what has been happening and why TikTok has been limiting our reach. We have now moved past that and we will go higher and higher. [14:44] Okay? We will go higher and higher. I love it. Thank you Tech for being here, for moderating. Appreciate you, brother. Especially somebody who has been talking about AI for so long. Go ahead and give him a follow. Shout out to YouTube for tuning in. Shout out to X, formerly known as Twitter. Thank you very much for tuning in. Shout out to the sponsors. Love you guys. I'll be back tomorrow. We'll have guests and you will have more of this electricity that nobody, not a single person can generate. Okay? I don't care what anybody says. It's not me just sounding loud. I bring value and I don't give a shit what anybody says. [15:23] Cuz survey says, I'm right. On that note, have a great day. Like my boy Akil Patterson who goes on tonight on the Goxshi News Network and talks. [15:36] Tune into him. Have a great day and an even better tomorrow. [15:39] (sound of a rocket launching)