AI, Crypto, Elections, Geopolitics, and Market Dynamics

[Part 1 of 6] [ 00:00] We've issued $8 billion worth of digital credit this year and the most successful IPO of the year was stretch. It's STRC. It was $2 and a half billion. I couldn't have done any of it without AI. If if we had not had AI, we would be $8 billion less. We 5 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 I look, I'm just I I focus upon digital credit and security, but there's someone there thinking about how to make the cars drive and cure cancer and like like aren't there like 100 million problems the human race has to solve that we've that you're like, well, you're going to need a thousand people with PhDs to solve that. Well, guess what? Now every 16-year-old has a thousand PhDs at their fingertips and so 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. [ 01:14] People are greedy when they also try to acquire gold. Not really. I mean, people who buy gold are trying to preserve. We have centuries. We have centuries of people being greedy to go ahead and acquire gold. 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 greedy part. That's the preservation part. I I I 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 greed is in the speculative frenzy that accompanies Bitcoin. [ 02:07] 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. Plus there's new 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 advantages of Cardano. Plus I'd argue Midnight is an essential component for Bitcoin. Bitcoin. 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 is the private coordination layer that sits on all that? So, we're actually working on this program that Bitcoin users can set up. We'll be call it the the circle. So, you start with Bitcoin and Taproot. I'm going to put 50 Bitcoin of my own money into this just to prove that it works. So, you start with Taproot and uh Bitcoin. You lend it to a stable coin. So, that'll occur on Cardano through a specialized transaction through the 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's sent to your Taproot. And then Midnight coordinates all of it with privacy. So, you you have like all three networks working together and you have this circle and then from a Bitcoin user's perspective, you just give them a button to make money. Click the button. And then it locks their Bitcoin. They just start generating a yield. The security actually entered the Taproot on the Bitcoin network. So, it meets my three rules that I have for Bitcoin D5. One, there's only Bitcoin. Bitcoin, Litecoin is better money than fiat obviously, also better money than gold. I I believe it's I believe it's the best form of money that um humans have ever come across. Right? Money being good being that it's um it's inflation proof, right? No one no single person, company or like government can print more money, right? Can print money and then say the way 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 make 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. [ 04:27] I could have the argument that real estate's better than Bitcoin. For a number of reasons, by the way, depending on who you are. Um, your audience would probably disagree because they're probably a bunch of, you know, Bitcoin maximalists that don't have as much Bitcoin as the real estate guy, by the way. 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. [ 04:56] 100%. That that I can probably agree with you on. I think it should be a bigger issue within the crypto system and the ecosystem. What do you think? [ 05:05] 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 Mailstrom to sort of figure out. I think that the standout 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% the value of Bitcoin. That's what Zcash comes up. So, much higher than where it is today. But, you know, taking away Zcash, what is the token project or protocol that's going to utilize some privacy technology, probably something like ZKs or knowledge proofs to do something where that's quantum resistant, you know, the overloads can't de-anonymize their 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 and [ 06:15] Donald Trump getting elected and 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 ended was because the documentary was so bigger than me. It's exactly what they're doing. Lawfare has been waged against if you go through, I pick anyone. Pick Herbert, the leader of the Dutch party. Hillary Le Pen, any politician in Europe, yeah? Anyone, 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 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 other crimes. The process is the punishment. Every political leader who tried to step up was charged. You saw it done to Bannon, you saw it done to Alex Jones, you saw it trying to do to Trump. That's happening across the board. They're of their state. But I think it's club because Trump I'm very optimistic about the future. He's not because they're not in champion. They're going to assimilate. The public already, the public already. [ 07:32] So the other thing about it is just a lot of political power. You know, it's going to have a nuclear impact in the 2024 election. The racist that were absolutely going to be lost that are still in play because of the money coming in and it keeps things like the act alive, which has been changed 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 up and live. We have a lot of in here for that. There's 200, 300 pages of discussion and I don't think anybody realizes how much work's gone into it. I I talked to I said, is there anything that's terrible? He said, you know, we worked on this three times longer than Obama worked on this in 2008. And that was in response to the 2008 financial crisis. [ 08:17] 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. It isn't about Republicans, it isn't about Democrats. This is about freedom. This is about giving people access to their assets online. It's not about I don't 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? Where we're 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. [ 09:59] 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. [ 10:42] This is Houston. T-minus one minute until full data blackout. All eyes are on you. Breaking news, there is an astronaut conducting an emergency repair on a global communication satellite that could go dark at any moment. We have a second angle on this. Is that guy on FOMO? Oh, 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's up and running. Positions looking good too. [ 12:29] There we go. United States of America representing. Socialism, optimism does not work. Digital assets. Is it 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 to the breakdown. Welcome to the breakdown. Episode uh what is it? 816. That's right. This episode is That's right. Welcome to the breakdown. Tune in to episode 816. It's Monday. Fall back Monday. That's right. Fall back. We turn back with clocks for no reason. I am fucking tired as hell. That's right. Just like everybody else. So, people who don't work, y'all must be enjoying the extra time. Anyway, stay tuned. You might be able to win something. You'll win absolutely nothing. Thank you for tuning in. All right, we're back. [ 13:58] We are back. Okay, shout out to the sponsor Midnight. Midnight is the title sponsor of the show. Midnight City. Go sign up. And by the way, if you're looking for the next Zcash, Midnight, go check it out. Uh Polymarket. Polymarket is the official prediction market sponsor of the breakdown and we will, I will be doing a show tomorrow with Akil Patterson and maybe we'll find one or two other people. And we're I think we'll start around 7:00 p.m. I don't know, 7:00, 8:00 p.m. ish. We'll be breaking down what's happening with these elections. It'll be fun. You know I'm going to have fun. We're going to break it down. Also, Cake Wallet. Cake Wallet is the official prediction market sponsor of the breakdown. If you want to go ahead and secure your assets, Bitcoin, Litecoin, Zcash, and Monero, look no further than Cake Wallet. Go to cakewallet.com, uh go to the App Store and go to Google Play. Go ahead and download it. Also, if you have a phone laying around somewhere, you're not using it, it's factory reset. You can go ahead and download cupcake. There you go. Not no food. Hold on one second. I just I'm hearing noise and I'm like I have my meditation music on. I'm like, what the hell? What is happening? Who the hell is meditating? Thinking to myself. Also, FOMO. FOMO.family. Man, it looked like Satoshi, one of the things that I'm I got a lot of things that I'm in on that that account. Then I I ever really haven't, you know, listen, it is what it is. I'm not I'm not trenching. I'm not I'm not going to give the trenchers my money anymore. Okay? Them trenchers are broke as hell. They got $5 to their name. They need people like me to go ahead and basically take my wallet. But whatever I have on my FOMO account, man, I it Satoshi was like popping. And then, you know, I don't know. A bunch of people limp wrist motherfuckers. Anyway, FOMO.family, you can go ahead and check it out. Okay? You can check out and see what everybody else is doing. See what everybody else is doing. Check out their thesis and all. FOMO.family, download it. You can download the application on the App Store. You can go ahead and have it set up on your desktop. Go check it out. You can go ahead and see what the traders are doing. All right? And see if you want to get in or not. That's it. Bottom line. Welcome, though. Market breakdown, AI, crypto politics. Wake up. What's good? What is good? Get out your seats. What is good? Yo, listen, if you are tired today, I want you to get out your seat and clap your hands. If you're happy and you know it, clap your hands. If you're happy and you know it, clap your hands. If you're happy and you know it, and you really want to show it. If you're happy and you know it, clap your hands. Let's go. Wake up. It's Monday. It's beautiful. God gave you an extension on life. You should be happy. Not miserable. I can smell the misery. Can smell the misery. Anyway, we got Landy in the green room. He's uh he's stopped he's finally stopped boycotting. I was like, we'll have him for 15 minutes. We'll talk about the markets and everything that's happening there. We'll have a guest on later on uh this afternoon at 1:45. We'll be talking about um people are laughing. We'll be talking about what will we what are we talking about? We will be talking about AI. That's right. We will be talking about AI. Uh Miss Burger uh is a partner with Giant Ventures. She'll be on at 1:45. We got a lot of people coming on. We got a lot of people. I'm some of the people I really want to talk to. I'm praying that we can go ahead and make it happen. I think we can. Okay? Um, I'm going to run through a few things real quick. Oh my God, I just said what Landy says. I'm going to run through a few things real quick. Three hours later, we are still waiting for Landy to shut the fuck up. That's right. We are still waiting for what what what is Landy you still what Landy is on paragraph he's on chapter six and there's 24 you know chapters to this motherfucker. By the way, I love uh my editing. My editing now it bleeps it bleeps out my profanity. It's wonderful. Wonderful. Makes it uh clip friendly for all the platforms. Stories that we'll talk about. Uh Binance reopens uh withdrawals after the $6.3 billion hack. Uh net outflow was $3.64 billion in the first 9.5 9 and a half hours, excuse me. Reuters now puts it at a net $4.72 billion, about 2.8% of its assets. US withdrawals come back today. All right? Election day's tomorrow. Election day as we just talked about. The final time Sienna poll show Democrats ahead in Michigan, Texas, Maine, Kansas, Ohio, narrowly ahead in Alaska and tied in Iowa. I saw this somewhere in 2024. The New York Times, you got to sell papers, don't you? Your subscribers, you got to keep them happy. We know. I know, you know, everybody knows. Futures rebound. Oil falls about 4%. Landy's unhappy about that. Oil falls uh 4%. Brent is near $108.68 and WTI is back under $100 on hopes of diplomats, diplomats, diplomats coming to the goddamn table and being diplomatic and solving this situation in Iran. We'll see what happens. Landy's not Landy doesn't want that. He wants higher prices. This follows Friday's Nasdaq drop of 2.9%. So how I call myself, I tripped up, caught myself like a professional. I'm just saying. It's a work of art. It's a work of art. Yo, yeah, I can't get the thing out of my head with Trump standing at the podium. And he stands at the podium like this. Like he'll stand like this and he's like, boy, his ass. I've seen his ass. I'm like, what what what are you talking? What did I tune into? I I I I like my boy Trump, but what what are we talking about? The legs on him. The legs. His ass. What a beautiful ass. Never never seen it. You know how he says like everything that Trump says is the greatest thing that he's ever seen, bro. Like or is the greatest thing that's ever ever ever been done. Like you just like I can't, man. I can't. At least he's at least he gave uh a shout out to Nicki Minaj's ass. All right? Let's let's At least he gave a shout out to Nicki Minaj. He's like Nicki Nicki Minaj, stand up. He told her to stand up. He gave her her he didn't even give her a shout out. He gave her her ass a shout out and told her to stand up. He said, get your ass up. And did you see Rogers in the back? Anybody see the clip of Rogers in the back as Nicki Minaj stands up? This dude thought he was at Thanksgiving, man. I don't know. Just I don't know. Rogers might be the next senator in Michigan. That's right. Let's let's hope I'm getting terrorized on threads. Katie Kirk replied to me. This this how bad it's getting. Katie Kirk. I would love for her to come on the show. And we can go ahead and debate this uh topic. Where, you know, Haley Stevens, she was uh she couldn't do no wrong. She's been a proud Democrat for a decade plus now. And just because she found a few things wrong with LSA. That's it. The whole party's turned on her. The party that wants to protect women's rights. I want you to I want you to put this together. Ready? The party that wants to protect women's rights. Here's a woman who has taken upon herself to have the right to go ahead and change her mind about who she wants to endorse. Well, the Democrats have changed their mind about supporting women's rights. I am just putting it out there. The party that supports rights, especially women's rights, no longer support support the rights of Stevens to have her own opinion. I feel like this is the tonight show or something. I'm on one today. I'm on one today. Oh, man. Apple reports tonight. By the way, Apple reports tonight. Uh its new CEO first earnings call with memory chip course rising. And and we see this, you know, Elon came out and and this is the part that sucks for Elon because I think Grockbot is the best bot system, frontier system out there compared to Open AI and and uh Anthropic's uh, you know, Claude Duet. Like I I have all these things. Grockbot 100% is better than all of them. I think Elon's found out that it's costly. But he's ahead of the game. It his frontier system is so much better than everybody else's. For him to now like start capping, I think it hurts him. Like I really do think it hurts him. Am I saying Elon won't win at the end of the day? No, I'm just saying right now it kind of hurts him because I've seen people on the timeline who are fans of Elon saying, you know what? I'm I'm just going to cancel my subscription until this gets, you know, situated here. So, it it kind of sucks. Because if you're ahead of the game like that, you kind of figure out a way to stay ahead of the game. Who am I to tell Elon? Who am I to tell Elon how to go about business, man? Who am I to tell Elon? Who am I? How dare I? What am I saying? So, you got that Apple, look for that. Seems like um besides what's happened or what happened with Binance, which Binance for uh, you know, Binance did their thing. whether you like Binance or not, whether you like CZ or not, it really doesn't matter. Binance went ahead and covered all their people. And obviously they're continuing to work on it to make sure that everybody's covered. I mean, like again, regardless if you like my, you know, Binance or not, whether you keep your assets on Binance, you know, you don't want to see that happen, especially for our crypto space. The digital asset space does not need things like this to happen. Things have happened also after Binance. There have been other hacks that have been

[Part 2 of 6] [David] [00:00] Uh. They haven't really been talked about, but have happened in the space. I think yesterday night, uh, which sucks. Uh, all right. So, do we go to Landy? Like, what what do I do here? Do I go to Landy? Should I bring Landy on? Everybody keeps asking me, why why will I keep bringing on a puppet? We got Landy for 15 minutes. might as well bring him on. Landy, what's going on? How's it going, brother? [Guest: Landy] [00:34] It's going all right. Um, well, I mean, I know why you bring me on. It's because I'm the best in the game. There is no one better. [David] [00:43] I don't I don't even know what the fuck you're talking what game? What what game are we talking about? [Guest: Landy] [00:47] Well, the game of calling the markets. [David] [00:50] Oh, they're calling. Did you also I I could be a dick right now. I could be a dick right now. Ah, you see how I held back? [Guest: Landy] [00:58] Did I also call what? [David] [01:01] No. [Guest: Landy] [01:01] Did I call the move? Did I not call the move to uh 76 to 78? Oh, boy, I did. Um, but yes. [David] [01:07] Well, hold on, hold on, hold on, hold on. [Guest: Landy] [01:10] Yes, I did. What's up? I said below 80, look to 76 to 78. Not only did I say it here, I put it in all my videos as well. [David] [01:17] Oh, hold on. [Guest: Landy] [01:18] I've got a good track record I can refer you back to. [David] [01:21] See, I'm scared to say what I want to say because then people will take it seriously. [Guest: Landy] [01:25] Oh. Well, a lot of people think that. [David] [01:27] I'm going to type it in here. [Guest: Landy] [01:29] Yeah. [01:35] Remember when I said it's not about the move up, it's about the big next move down? [David] [01:41] Oh, well, look, I I'm I'm not. Yo, I'm not saying that shit. [Guest: Landy] [01:46] I I didn't I didn't need to even know that that was going to happen. All right? So, for the folks out there, I show me a chart and I'll tell you the news is a saying for a reason. I don't care what the news is. When I say break below 80, we're probably going 76 to 78 and it happens. It don't matter what the cause was. It's like it's like the tariff tantrum when I was calling for Q1 to Q2, big drop in stock market, no matter who is the president. And everybody's like, oh, it only happened because Trump said tariffs and it's like, no, it happened because the market was was bidding that way. [David] [02:22] And Landy, can I ask you a question? [Guest: Landy] [02:24] Yeah. That's what goes on. What's up? [David] [02:26] Do you stroke yourself when you come onto my show? [Guest: Landy] [02:29] Um, I don't really need to. Uh, I've got a big fan club that does it for me. [David] [02:35] Whoa. All right. [02:41] I have to be professional. [Guest: Landy] [02:43] Yes, yes. [David] [02:43] I'm sorry. I have to be professional, ladies and gentlemen. [Guest: Landy] [02:45] I was told uh before I come on that this is uh the most professional of shows. Especially when I'm on. [David] [02:51] Well, look, I mean, we can see Bitcoin followed the blue chips. You would agree with that. And I'm and I'm happy that Bitcoin [Guest: Landy] [03:01] Yeah, we had a nice sell off. [David] [03:03] Yeah, I hope I hope look look, everything's by the way, everything in the market sold off. [Guest: Landy] [03:07] Oh, yeah. [David] [03:08] Well, blue chip wise. [Guest: Landy] [03:09] Yeah. [David] [03:10] Everything sold off. And you know, Yeah. That that you know, you weren't on the show and I was telling people, you know, at the end of the day, this is where if you really want to if you really want to own this market, or you want to front run this market, you have to study the traditional markets. You're not studying the traditional and yes, you've said this also, Landy, I I will give you credit for it. But if you're not studying all markets, then you're you're leaving yourself susceptible to getting your ass handed to you. So, or not being able to put yourself in a great position. That that's that's really what it comes down to. So, um, I talked about last week we had earnings come out. I've talked about them, a lot of AI. I'll say a lot of Anthropic or Open AI. You look at their uh revenue versus their losses, it's crazy. It's like absolutely insanity. Uh, you know, Elon's right. I mean, Elon from some standpoint or I should say Elon is stating that banks are not going to lend out money anymore unless you show a profit. So, you know, all these, you know, you have Amazon that came out with their earnings report, they did phenomenal. Best stretch in in five years, yet they still lost money. You know, Meta lost money. They had their best stretch, lost money. So it's like they're all losing money in this AI race. And I I'm sure that's going to, you know, for the next few months, I think that's where I I think that's where they're going to be positioned. If they if they're if they're trying to win, they're all going to lose money for the next three to six months. At least from the guests that I've seen. [Guest: Landy] [04:45] Yeah, you have to. [David] [04:47] Say that again? [Guest: Landy] [04:48] You have to CAPEX, right? That's where they're losing money is because they're spending all the money on the build out. And and that's normal. I mean, um, it is something [David] [04:57] Yeah, but some of them they don't have a lot a lot of them are really burning cash. Where are they getting the money from? That that's that's the whole thing. [Guest: Landy] [05:02] Well, it's lending, right? And now that's what you're talking about and and Elon is right. They're they're pulling back on actually lending. Um, and now these guys are scrambling because in order to keep up, you're going to fall behind people like Elon, right? If you're if you're an Open AI and you're an Anthropic, um, Elon's massive. He's a juggernaut compared to these guys. [David] [05:24] Yeah, but but but you know what? So Elon has a problem though. [Guest: Landy] [05:27] Yeah. [David] [05:28] Elon doesn't have enough compute power right now. [Guest: Landy] [05:31] Yeah, I know. [David] [05:32] Like every so like it's like even when you look at Elon, right, everybody's thinking, hold on, Elon's putting data centers in space, right? That's great. But like right now, even Elon's short. And people have he's renting out stuff to Anthro. Yo, it's crazy how all this shit is set up right now. Like if you again, you guys would need to study to understand what's happening. I know most of you guys are, well, too lazy to change your underwear. [Guest: Landy] [05:56] And you know who's gaining? You know who's gaining though in this race? China. [David] [06:00] Big time. China. China, China, China. [Guest: Landy] [06:02] Their their data centers are scaling at a faster pace because they don't have to they don't have to deal with the red tape. [David] [06:07] Regulation. [Guest: Landy] [06:08] Yeah, and the regulation, yep. [David] [06:09] I thought of you in a non-sexual way. I had a guest on. [Guest: Landy] [06:14] That's a first. [David] [06:16] [laughs] [Guest: Landy] [06:17] Come on, you set me up for that one. [David] [06:21] I thought about you in a non-sexual way. And it was um, we had a guest on and oh my God. I just had it before we started I I I went ahead and decided to throw that little joke in. Um, thinking, hold on with us. Hold on, guys. While I uh figure out what I wanted to say. That's right. I need a I need a backup generator right now. Almost like I'm going to say to you. It was good too. Um, Oh, man, it was good too. He's just jamming over here. It was good, man. It was a good I sorry. Last week I was talking to it was AI companies and AI uh [Guest: Landy] [07:28] Was it one of the founders? [David] [07:31] No, it's something that you mentioned. Damn it. Anyway, I have some questions to ask you while I remember, okay? Man, I'm getting old. This sucks. Um, here's my first question to you. Binance has seen several billion dollars leave since reopening. Is that showing up in Binance uh in Bitcoin's order books? Or is the market shrugging shrugging shrugging it off? Yeah. I'm leaving. [Guest: Landy] [07:59] Yeah. Um, I I would say [David] [08:01] I'm I'm biting my moments. This is Look, I was going to say, he's got he's got bear with me. [Guest: Landy] [08:07] You know what it is? [David] [08:07] I'm thinking of like what I wanted to tell you and it's like now I have nine different thoughts in my head, man. [Guest: Landy] [08:14] Yeah, it's uh I I'm not seeing the the sell side. [David] [08:18] I got to say this again. Shut shut up. Shut up. I got to say this again because podcasting, right? On the podcast. Apple podcast, Spotify. So let me say it again so people don't think I'm like I was about to say the word and I would have been kicked off of TikTok. [Guest: Landy] [08:33] Mhm. [David] [08:34] Binance has seen several billion dollars leave since reopening. Is that showing up in Bitcoin's uh order books or is the market shrugging? [laughs] You know when you have writer's block, complete writer's block, man, you just shrugging it off. So, is it shrugging? [Guest: Landy] [08:59] Yeah. Um, that word. Thus far, the market had [David] [09:05] Shrugging it off. Is it shrugging it off? [Guest: Landy] [09:07] It was yes, so far, I would say that the market is reacting normally in the order books. Even if it goes down, you might see it attributed to Binance outflow. Um, but reality is, you know, it's just uh it's a spot buyer's market right now and a spot seller's market. The volume is while it did pick up, it's not really at the levels of like, oh my God, we're looking at um, you know, massive problems or anything like that. In fact, because of what occurred with Binance, we've actually seen a lot of open interest come off the board as people move to protect their positions just in case. And Binance isn't the only one dealing with a big problem right now in terms of vulnerabilities being exploited. Um, the situation there pretty pretty interesting with Binance. And you you can't blame people. They knew, by the way, on their buybacks, you know, they were doing buybacks uh the past couple of days to to get everything back into the exchange. And, you know, the expectation is that you would see people pull their funds just in case. [David] [10:23] Are we going to see that continue? [Guest: Landy] [10:25] I I'm just I'm I'm curious as to your your thoughts, like from a psychological [David] [10:30] I have no thoughts. I don't even want to speak right now. [Guest: Landy] [10:32] Well, I mean, I wanted to know if you were shrugging it off and you're going to keep your money in Binance or um, are you not shrugging it off? [David] [10:41] No, I just respectfully, I don't keep anything on any exchange. [Guest: Landy] [10:45] Same. [David] [10:45] But there if there was one exchange that I would keep it on, it would be Binance. But then again, like if it's not your keys, not your crypto. [Guest: Landy] [10:53] Exactly. [David] [10:53] You know, bottom line. Like you I don't recommend, you know, keeping unless you're trading. I don't I don't recommend keeping your money on an exchange. That's that's suicide. I mean, Cryptopia, Mount Gox, like should I go through Voyager and like, you know, should I should I go through all the exchanges that one belly up? [Guest: Landy] [11:12] Yeah, the the biggest the biggest thing is is like even when I do have money on exchanges for trading purposes, it's USDT or USDC. So I don't I don't put my crypto on the exchanges. That's all, you know, cold storage and or, you know, some hot wallets like Cake Wallet. [David] [11:33] I want to yeah, Cake Wallet is good. I got to tell you, shout out to Cake Wallet. You know, I I I got to really give a shout out to Cake Wallet. Vic is very active. [Guest: Landy] [11:43] Yes. [David] [11:43] Like I've known this for years, but like he is very active. The branding now at all these conferences is next level. Like you notice who Cake Wallet is. And they're actively on social media, answering anybody's fucking questions. Like it is it is nice to see an active team. The owner is active. It's not like, hey, just I'll hire somebody or and he's into bots. Like he's into AI and he's creating. It's it's dope to see. Obviously, Radar Chat. He got some arbs going. An arb application, so [Guest: Landy] [12:28] Is that what that is? I saw the Arbitrum um network called Arbitter. [David] [12:36] Yeah. [Guest: Landy] [12:36] That's okay. So I was wondering if that was him or if that was somebody else. That's awesome. [David] [12:40] He's uh building. That's what that's why I respect it. Like he's building. He's building. And you know what? Like Radar Chat is going to do great during the bull run. Like more people again, you got you got to get more people in here. And this is my problem with with Binance, right? I saw a lot of people out there cheering on and praying also that there'll be a bank run on them. And I'm like, why would you want any of this stuff? Like even if you don't like even if you don't like Binance. Even if you don't like CZ, maybe he cursed you out. Okay, maybe he touched your girl's butt. I don't know. Who knows? Like you met him at the goddamn conference, you know, you took y'all took a picture and he accidentally, whatever it is. Why would you want a bank run on on Binance? It it hurts the industry. Like I I came out and I said like and a lot of people that I know personally that come on to the show also, I didn't go back and forth with them at all, but I'm like looking at them like, yo, like really like this is the wrong way to go about it. Like I really believe that. No matter how you feel. And by the way, like everybody who says like Binance was in on it, Binance has their books being looked at by the US government. [Guest: Landy] [14:02] Yeah. [David] [14:03] I'm talking about every agency has their hands in Binance. That that 4.3, well, 4.3 billion dollars that they gave to the US government as a penalty. That also came with the CIA, the FBI, every fucking three letter agency is in that bitch, okay? If you think that they're going to get away with doing some sneaky shit, trust me, that's not happening. Okay, and and y'all call me, oh, he's naive. Like fine. But but like I'm I'm thinking like the FBI and the CIA and the every single agency has the capability to see what's happening. Now we know it was a laptop. It was a laptop. Apparently, apparently they're saying it was a laptop. All these things were done through this open laptop. Okay. [Guest: Landy] [14:57] Yeah, and somebody also got the person was also socially engineered as well. Is something that is being floated around out there, which is, you know. [David] [15:07] I'm just saying, like, look, look, you don't have to like Binance. But when Binance gets hit, that is like what is it? Binance is the can can we I I would think I can say Binance is the biggest exchange that we have in crypto. Then you have Coinbase. I think that's fair to say. [Guest: Landy] [15:24] Yeah. [David] [15:26] Something I was thinking about though, Coinbase has never been clocked. I don't want to jinx it. But Coinbase has never been touched like Binance. [Guest: Landy] [15:36] Not not like this, no. I mean, there's been there's been issues for sure, but not nothing to this. I mean, well, realistically, in terms of a a security breach in and a contract like this and that kind of stuff. We've seen this kind of stuff before. Um, on a much smaller scale. Almost the exact type in the way that they've described with, you know, um, compromising um, someone directly to then compromise the laptop, all that kind of stuff to create a contract, that kind of thing. We've seen this before. Um, but never, never on that kind of scale. Uh, you know, and and now we're seeing that all of these ancillary attacks on other um, crypto exchanges at the same time. But it's not just crypto. I know that we're we're looking at like the crypto side of things, but remember, just last week or the week before, we were talking about banks in South America. We were talking about, you know, even US banks starting to sound the alarm on things. We're now looking at, um, you know, energy infrastructure and stuff like that. You've got the iPhone breach that's happening over in Europe. You know, there's all kinds of things that are just we're we're hurtling towards a future where all the things that we've talked about for many years in regards to security and privacy and controlling your own assets and kind of stuff is really starting to come into sharp focus. Um, you know, there's there's a few folks that have been mentioning in in various chats and I've seen you talk about it is, you know, these privacy protocols and stuff like that. Big big things, but it's also all in how the tech is handled when you're bridging. It's all, you know, we're we're in a really interesting time to be alive with the powerful AI that people have at their fingertips. And then you give that those tools to these already well-established, uh, groups that do this kind of work, uh, in terms of whether it's nation states or independent groups or nation state linked groups, doesn't really matter. You give them these really powerful tools and they can do these things at much wider scales. I mean, think about what's going on tomorrow. You really think that they're going to avoid trying to, you know, mess with election stuff? I mean, come on. We're already looking at at preemptive attacks on election infrastructure here in the US. [David] [17:56] really spooky right now what's happening and obviously I talked to you yesterday about it. [Guest: Landy] [18:01] Yes. [David] [18:02] I was sitting back and I'm I'm like I'm doing a lot of like research, I'm working on, you know, systems here. Um, I I'm kind of looking at the markets from this standpoint. Midterms, I don't I don't really care about Iran right now. I really don't. But I'm looking at and and look, would it be nice if they can come to some sort of resolution? Yeah, great. They sign paperwork, you know, trades open back up. Iran agrees to, you know, not fuck around and find out. Well, good, right? But my whole thing is like midterms are here. The markets are going to pivot backwards. It always happens. It really does always happen. Like clockwork. After the midterms are over with, I expect everything to start moving upwards again. Will it happen immediately? I don't know. I hope not. I want another I I want Bitcoin to go down further. I really do. Like and and I'm sorry because a lot of people give me heat for this. But I want it to go into the at least one more time dip down and then go up. That's it. That's all I'm asking for one more time. Just dip down a little bit and then you can go back up. [Guest: Landy] [19:15] Well, I mean, we've talked about this, um, especially when it comes to Bitcoin, you and I discussed this for quite some time when Bitcoin was off the lows. Um, you know, and especially coming into a trend break. When we started to come up and we before we even broke the bear market lower high, I was talking to you about this and I said it's not necessarily about the move up, it's about the next big move down. And that's where you want to see it come down and form structure and put in a nice higher low on a longer term time frame, accumulate and sit back and just watch your your PNL. You know, if you're I'm not a Bitcoin seller. I don't sell Bitcoin. I'm I might be a trader, but I'm in it for the long term. Um, and with a lot of crypto assets in the same way. I I picked up uh, you know, midnight, had a beautiful run up when everybody was dogging midnight going down to absurd levels. You and I were like, yeah, let's buy the dip. And I bought the dip. I'm sitting pretty. I would love to see it come down more. I want to get more. I want to see SpaceX come down more. I want to get more. Like [David] [20:16] Space SpaceX is the one along with midnight, obviously, but SpaceX is really the I I talk about it all day replay the shows. SpaceX is the one that I really want to see another leg down one more time. Like I'm talking about under 100. [Guest: Landy] [20:36] Yes. I would love that. [David] [20:37] Fading SpaceX is absolutely bonkers. Like fading SpaceX is absolutely insanity. This is a $100 trillion company, 100%. I'm not saying immediately, but I'm saying in a decade from now, you're going to see it I'm talking about in the trillions. Imagine being able to buy it $80, $100, $120. That's cheap. Compared to where it can go. [Guest: Landy] [21:11] I would love that. And you know what's funny? I I do anecdotal uh, not really anecdotal because it's my 96-year-old grandmother said to me, hey, I want to put a bunch of money in SpaceX. Um, I'm looking to see what do you think? Is it going to go down more? And I was like, well, when did you start buying? She was like, well, I waited until after the IPO and under IPO price. I was like, well, what's your what what what did you buy? Where did you buy at? She's like, well, I bought at 115. She's like, did I do okay? And I'm like, that's not bad at all. That's a actually really good buy. She's like, yeah, I just wanted to wait a couple uh weeks and then I I bought. She's like, but I know when a lot of companies launch, she's 96. She's very, very sharp, by the way, but she's not into markets. She just likes to, you know, invest. And um, she was like, I want to know what your thoughts are. She's like, I'd like to buy it under 130. Um, I was like, I don't know if you get it like immediately. I said, but I would, you know, if we if we do see a market correction here, we could see it back under 130 and where I would love to buy it is under 100. She goes, I would love to buy it at $95. And I was like, she was like, I would throw all of it in there at $95. All the money that I have in there at 95 bucks uh for what she wants to allocate to it. And I was kind of shocked. I was like, well, why do you why do you want to buy what what attracted you to Elon's company like that? She's like, well, I got uh into Tesla and it's and it and it is what helped me, um, you know, gather more properties and stuff like that. And I was like, well, how'd you gather more properties? Because you still have Tesla in your portfolio uh grandma. And she's like, well, I uh I took a a loan against my portfolio, bought the properties and and uh with the loan because the um the the service costs on the loan against my portfolio was way under that what the um rates were. And I was like, damn, grandma, I didn't know you had game like that. Like and I'm like, so and I was like, well, the reason why she did so well is because she's banking on the track record of Elon and his companies. And it's funny that it's just an anecdotal thing. I don't talk markets with my grandmother, uh this particular grandmother. At least. And to have her like call me up and talk to me about SpaceX coming down. I told her the same thing that I tell my audience. Q1 to Q2 of next year is really where I'm looking if we're going to have a larger correction and a more sustained correction. We see it every Trump term, Q1 to Q2. We saw it in 2025, we saw it this year. I would expect, you know, sometime around Q1 to Q2 of 2027, we see another larger correction in markets. Markets only corrected locally here and everybody's calling it like, oh, well, that's it, that's over. Nice bounce, yeah. But we can bounce around, especially around midterms and recover really well, um, through the end of the year. And if we do that, I would definitely be paying attention to larger corrections in the markets and having some levels picked out on stuff that you really want to get, um, around Q1 to Q2. If we don't get it sooner. That is and and that is if we don't get it sooner because you have stuff like Intel, dove off a cliff. You mentioned earnings last week, right? You saw all these companies put in these misses on earnings. And they just bombed to the downside. And now everybody's like, well, see, I told you so. Well, these are the times when you want to pay attention. Like Intel hit one of my first buy zones. It's not the low that I'm trying to pick. It's just a first buy zone. I wanted to see this zone. I've been waiting to see if it would correct there. Um, and now Intel's in in the pocket of of a major area that I would love to keep bidding if it if it heads down. And if it doesn't continue, I'm going to do it later. [David] [25:18] Sorry. I was going to tell you that I wasn't ignoring you and I want to tell the audience this too. It's just that we've had two days in a row or two shows in a row where TikTok was back to 300 concurrent viewers. And all of a sudden out of nowhere restricted for I I don't even know what. So I had to go and and send an email. Like I'm like, this is ridiculous. [Guest: Landy] [25:42] Weird. [David] [25:43] I I want to Is it you, Landy? Like are they are they hitting me but it can't like are they hitting me for you? [Guest: Landy] [25:48] No, we're talking about is it because we talk about markets? They don't want you talking about markets? [David] [25:54] No, it's just saying unoriginal content, meaning like I'm playing something that's unoriginal, which is what I am original, man. You can't you cannot replicate me, man. Like it's impossible. [Guest: Landy] [26:06] Somebody's got to be reporting it manually. [David] [26:09] This is ridiculous, man. Like it really is ridiculous, man. Every single

[Part 3 of 6] [David] [00:00] time. Like, Oh, I Back to back to uh Binance. Um earlier you mentioned, you know, how involved, you know, the US is with Binance and then you had the penalties that they paid. A lot of people forget that Max uh Bachus, um who was a US senator from Montana is the chairman of the Senate uh um Finance Committee, working directly with them. Um and he was hired as a policy and government relations advisor by Binance. You've got Martin Grant, who's a uh Federal Reserve Bank of New York official guy, who is um the he was appointed to their board of Binance US in 2024, which but a lot of people don't don't remember this, but Binance US isn't gone. They're still here, they're still a company. They're working with the government to try to get back in. You've got Norman Reed, who was a SEC. Um he's uh he's worked as general counsel uh Binance US, but he got folded into Binance uh Global. Um and then you've got a bunch of other former DOJ people and stuff. You've got people all over the place. So, it's um it's really, you know, a lot of people forget that when the Binance US stuff happened, that a lot of um officials from the United States and a lot of uh banking folks went over to Binance and and either in advisory roles or board roles, all kinds of stuff. So, Yeah. The US has got people all over Binance. [David] [01:41] That that's why I'm like when people are saying, oh, it was Binance that committed the hack. Uh [David] [01:48] It's a little weird. [David] [01:50] What is this? What the hell is this? [David] [01:54] Somebody sent me a DM, what what type of uh consulting do you do from TikTok? [David] [02:02] Guys, go to Davidgoxstein.com. You can figure out what kind of consulting I do. [David] [02:07] I can I can I can help you dress better. [David] [02:12] Hmm. Hmm. [David] [02:17] Spot Bitcoin ETFs lost 643 million on Friday, the biggest outflow outflow since uh June. Um, are institutions hedging or leaving? [Guest: Landy] [02:30] Um, I I don't think they're leaving. [David] [02:36] It's like, wait. [Guest: Landy] [02:39] What? [David] [02:41] I'm asking you, like, are institutions hedging or are they leaving? [Guest: Landy] [02:46] They are not they're not leaving. That is the thing. So, hedging is the only other answer to that. [David] [02:53] There you go. Very simple. Bitcoin is holding uh near 78K after a six-week low. What levels matter into the election and Friday's jobs report, Landy? [Guest: Landy] [03:03] Ooh, that's a good one. Um 813. [David] [03:06] My questions are good. All my questions are good. [Guest: Landy] [03:08] 813 to $82,000. Watch it. You want to see daily closes above, that would break the daily downtrend. Um if you see 76K lost, look immediately to 74. That is the big monthly low area, 74 to 744. If you want to see, bulls want to see that area hold for Bitcoin. If it drops, I'm immediately looking 70 to 72, um as a near-term support, but realistically, you're probably looking mid to upper 60s from there. Um so, I would definitely be paying attention to 80 813 to 82K to the top side. You want to see closes above there. And if you start seeing closes below 76K, the monthly at 74 to 744, just eyes on those levels. Um It's going to be interesting around the election. Uh I I think it's going to be chaotic post-election. I think we're going to see chaos, just social chaos and and a lot of other chaos occurring. [David] [04:06] I I think it's going to be crazy. I really think, I don't know why my like when I see, you know, all these missiles being set up by Mar-a-Lago and like I've never seen shit like this before. I really haven't. Like I you think about it, I've never seen I don't think any of us ever ever seen stuff like this. So it's just like what's going to happen? By the way, like I I'm sitting here thinking about the midterms. I I personally believe, like this is my my personal belief. I think the Democrats are going to lose. This is and it's my opinion. And the numbers go against everything I'm saying right now. So people might say, oh, David's just saying this because like he's a he's a Republican, so he wants the red to like, yeah, I do want Republicans to win, but I I'm looking at everything. I'm looking at the numbers. Yesterday, the numbers shouldn't have gone up, but they did. Like the polling numbers should have not gone up. Like that I like I was watching and I'm like, why would the polling numbers go up especially when I looked at Michigan? Like Michigan was a was the telltale for me. It was an example. [Guest: Landy] [05:21] Mhm. [David] [05:22] Haley Stevens tried everything possible to be on the same page with El-Sayed. Yeah. [Guest: Landy] [05:31] Didn't work. [David] [05:32] It just didn't work. Like like she tried. She honestly tried. She didn't she she didn't want to pick Rogers. Let's let's call for what it is. I got to give Rogers credit though. I didn't I I wasn't really fucking with him. Like I wasn't like really like, oh, I'm I'm a huge Rogers guy. But I can see the work he's put in. I got to give him I got to give him props. The dude has put in work and he's not a maga guy. The whole thing that Rogers is maga is so off. Like he's not a complete 100% full-blown maga guy the same way the dude running here for governor in New York isn't a maga guy. He's pro-choice like he's pro-choice. I'm I'm just saying like, okay, put that aside. She Stevens who was I what was it? A a half a point away from winning the primary? [Guest: Landy] [06:30] She lost by a half a point. Yeah. [David] [06:33] A half a percent, whatever, a half a percent she loses by. You're telling me the people that are following her, let's say 20% don't agree with her. Maybe even 30% don't agree with her stance. Let's put it that way. 30% didn't agree with her stance. You're telling me that on on a day like yesterday, that El-Sayed went up by another 6%? I was like, no, no, no, no. Something's wrong and like these things are coming in not whoever they're polling, they're not polling people in the United States of America. That that that's all I got to say. These these these it's impossible. It's just like it's fucking impossible. [Guest: Landy] [07:22] Are you telling me? [David] [07:23] And then and then the Democrats are pushing. First of all, they came out and pushed Obama's picture with El-Sayed, which I was like, this is a that's a horrible way to go ahead and and and you know, smooth things out. Like [Guest: Landy] [07:32] To market. [David] [07:35] And then they announced that $1.2 million in in obviously uh fundraising came in for him. I was like, bro, like like this is such a psyop. Like look what look what's The Jewish community ain't happy. The African-American community ain't happy. Like you have two communities that ain't happy with them. [Guest: Landy] [07:46] Well, David, [David] [07:56] He won't denounce. You you had Rebel, whatever the fucking name is uh I I don't uh what's his name? What what's his what's his name? The guy who does the Young Turks. He made a commercial. This guy, El-Sayed, sort of denounced it but didn't denounce it. Okay? Won't put himself away from it. Because that's all every anybody wanted was like, yo, say that you're not like you you are absolutely not with this message. [Guest: Landy] [08:25] Hmm. [David] [08:26] This man is with the Muslim Brotherhood. Like he is like literally telling you, like I am with I am not going to any single time they ask him the question, even people, regular people from Michigan, ask him, young kids, older people. He flips the subject back onto them. And he thinks, you know, and the craziest part about this whole thing is it's racist. No, it's not. I'm I'm going to explain why it's not racist. He's made it a subject. He won't answer the question. So the the media and everybody else will keep pressing him. There are communities that want to know. They want to know what his real thoughts are. He he shies away from it. Yet he's seen with people that say that we deserve 9/11. [Guest: Landy] [09:16] Yep. Well, his entire family was also very tightly linked to cells that have been on lists. Um but look, you're telling me that the polling could possibly be fake. And I I just went and I was like, you know, it's weird. It's almost like median strategies back uh in August, you know, which admitted to fabricating polls in races in Wisconsin, Nevada, and California, or how about Wedgewood polling, which was on the 20th of October, which was by the way, you got Nate Silver, the uh pollster extraordinaire. Remember, he's the guy that everybody looks at for polls. He was using these polls, which by the way, if you think that they're the only ones doing it between this quote-unquote, oh, it was just a social experiment for these races for um for median strategies. Oh, well, it was just a social experiment for Wedgewood. I mean, these are being cited on CNN, on Fox, on every single major news network. These are the pollsters. And if you think that any of the other pollsters are any better than these guys and they're not just making shit up to craft a narrative and move the needle, then you are well, you're a sheltered human being and you should probably get out of the basement and get some sunlight because they've been lying about polls for a very long time and that entire industry is I think, in my opinion, is about to collapse here tomorrow. [David] [10:44] You know, you know, I've made I I've been on threads more than I've been on X. By the way, shout out my after a thousand posts, I get 500 likes, I get a thousand likes sometimes, whatever it is with the new algorithm. Yesterday, I put out a tweet out there, almost I got up to 10, I think 10,000 likes. Almost a million impressions. I was blown away. I'm like, oh my God. This is what I used to feel like. [Guest: Landy] [11:09] You you baited uh Katie Kurick out. [David] [11:13] No, but that was on X. [Guest: Landy] [11:15] Oh. On X. [David] [11:16] On threads. Bro, like on threads it's a it's a it's a given that I'm getting two to 3,000 likes. And I'm getting 100, 200K in terms of impressions. Katie Kurick came at me. Not not in a bad way. She was like, she was nice about it, but like, you know, it was backhanded, nice, you know. And then I gave her one, I mean, I showed Landy. I was just, you know. But like, first of all, there's so many bots on threads. Like it's it I don't believe any of like 90% of them are not from America. So my whole thing here is I I think people are going to take away the republic take away my party affiliation. Let's throw that away. Throw away my party affiliation. I'm an American first. Nothing for one is American first. I'm just American first. Like I want to see things done in America. That benefit the American people. That's it. Anybody who is legal here, legitimately here, I just want to see things done for the American people. That's it. I I think a Democrat or Republican can agree with that. Americans first. Nothing wrong with that. And I have no problem with other people coming into this country as long as they go and play by our rules, which is there is a process into coming into this country. That's it. There's a process to go into Poland, there's a process to go to Russia. There's processes in place to get into certain countries. That's all I want to see here in America. So again, take away [Guest: Landy] [12:47] There's no none of those processes in most of Europe right now. [David] [12:51] Correct. Take take away where I stand in terms of whether I'm a Republican or or a Democrat. Forget about that. And anyway, by the way, most people will tell you about me, uh I am a Republican, I stand by Trump, but I probably lean a little bit independent. I'm like one of those Republican independent types. But I am obviously will stand with the Republican Party because it's common sense. Common sense is what I'm about. So here's here's what I want to say. I don't care if you guys get mad at me when I say that I don't want America America's appearance to change. I don't care. I don't. I will say I I I am I'm probably known to say things that people are uncomfortable to say, but at the end of the day, it's not a Muslim thing, it's not a Christian thing. It's not a Catholic thing, it's not a Jewish thing. At the end of the day, I'm not fucking with Sharia law. That doesn't belong to the United States of America. Bottom line. And there's nothing racist about that. I don't know who deemed it to be racist to say that I or the United States of America, our culture here, that doesn't play here. That's it. Like we're not we're not that. Somehow it's racist. And I I don't understand where and how it's racist. It's not. It is absolutely not. And I don't want to see France here. And when I say France, I don't want to see they gave 60% they give 60% public service, public money. Fund the public, 60% and they're burning down buildings that were created 200 years ago. And it's just like, yeah, students might not feel they might feel a certain way, but you have a bunch of other people that have different agendas. I don't want to I don't want to hear it. I don't want to hear it. I I don't want it. And it's not a Trump thing. I don't care who's the president. I don't want it. And I really do believe that like people in this country should be born let let me rewind. You should if you want to run for any office, you should have been born here. That's bottom line. Because you'll understand the culture. You'll understand what America was built on. And there's nothing wrong with me saying that. If I wasn't born here, I shouldn't have been I should not be allowed to run. You want to go ahead and have a debate with me on that? No problem. But I'm telling you right now, the fabric of America, as I've always said it, and I've stated, it's a Christian country. That's it. Founded on Christian values. That's it. And that's how it should stay. And guess what? A Jewish person is telling you this. I'm Jewish and I'm telling you, this is a Christian country. And there is nothing you can do about it. But if we're going to start voting in these Democrat and they're not socialists. These are Democrat communists. You want to bring their own ideologies to our country? I'm going to be outspoken. Because when you silence here's what they've done. We'll cancel you. We're going to call you a racist, even though you're not racist because you're speaking your mind, freedom of speech. I thought we had that. And and there's nothing that I just said, if you replay this, nothing that I said is racist. No bigotry, no nothing. I'm just telling you what is factual. And that is the United States of America was built on Christian values. That's it. Home of immigrants, no doubt about it. No doubt about it, but came in correctly. Okay? 15 million people, the door wasn't just open said, hey, anybody can come in. No, no, no. Came in the right way. Okay? Policies. So, if y'all want to not tune into me no more, if you want to unfollow me, if you feel threatened by me being real and having common sense when it comes to these issues, man, like, hey, like please, please do. Please please unfollow me immediately. Because you know what? America is the like literally America is the last country, the the last superpower. If we have this shit come in, it is horrific. And only, you know, only when it happens, let me let me also say this to you guys. My parents ran away from communism. They ran away from socialism, communism, whatever you want to call it. All that free shit ended a lot as soon as they went ahead and put in communism, it all all that free shit ended. There is no freedom of speech. There still isn't freedom of speech, by the way. There is no freedom of speech. There are no rights. You have the right to remain silent and shut the fuck up. That's the right you have. You don't want communism here. Capitalism might not have worked for you, and I respect it. Okay? You want to go ahead and debate me on capitalism, we can do that. But you do have an opportunity here in America to be absolutely 100% successful. It's up to you though. It really is are we perfect? No. But communism, you will regret the day. And then I see the Bernie Sanders and all these people. There's so much I want to say and I've already said it. I've already said a lot of these things. How they're using Israel and Jews as a scapegoat. Like, look here, look at them while we do this. Like I I know what I I see the game, man. I like I see it and I'm not just saying it again, oh, he's saying he's Jewish. No. No, like even El-Sayed couldn't on 60 minutes he couldn't answer the question. Do you believe there should be a Palestinian state? Yes. Do you believe there should be, you know, do you believe Israel should exist? He started humming and humming and humming and stuttering. It's only only Landy, I promise you this. This is what I promise. If this continues, and you can replay this show. And I want everybody to remember, I'm American first. I love this country. I bleed it. I have the flag in the back not for aesthetics, man. It's because I believe in it. Believe for I believe in everything it stands for and I appreciate the founding fathers, everything. Once they're done with the Jews, the Christians and Catholics will be next. And anybody else. [Guest: Landy] [20:16] Oh, yeah. [David] [20:16] So all those Christians out there and Catholics who have been brainwashed to hate a Jew, I I promise you, after us, the target the target will be focused on you. [Guest: Landy] [20:32] It's been happening already. [David] [20:35] Nobody wants to say it. [Guest: Landy] [20:37] No, we can't talk about it. No, that's the problem. [Guest: Landy] [20:40] So, look, I one of the big things though, I I I will say this about the new Democrats. The new Democrats don't care about the country. [David] [20:49] And real quick, and real quick on that. And and I'll let you get the mic. The Democrats, on threads they would ask me, oh, would you be I would vote for a Democrat. I've said this so many times. Not these new Democrats. These aren't Democrats. [Guest: Landy] [21:04] Yes. No, they're not. [David] [21:06] Like you're talking about voting for Bill Clinton? I was a fan of Bill Clinton. If you want you want to talk about did I support Obama? Yeah, I was one of those, oh my God, hope change. Yeah, I was one of those people. I've said this numerous times. [Guest: Landy] [21:21] Yeah. [David] [21:22] I I was like at one point I was a fan of Hillary. [Guest: Landy] [21:26] Uh I wouldn't go that far. [David] [21:28] But I'm just saying to you like at one point, like I grew up in I I grew up in a Democratic neighborhood. [Guest: Landy] [21:36] Yeah. [David] [21:37] So to me it's like Schumer was like, oh, vote for Schumer. Like [Guest: Landy] [21:41] I worked for Schumer. [David] [21:43] There you go. I worked for Schumer. So what I'm saying is at one point these people were sane. Like it there was there was sanity. [Guest: Landy] [21:53] Yep. [David] [21:54] There legit was sanity. There was no hatred, no no nobody hated a culture. Nobody like pointed at a culture and said like they're the problem. Like every every and you can vote for a Democrat because they had the old school Democrat is what, you know, Trump is what the old school Democrat is today. [Guest: Landy] [22:16] Yep. Exactly. [David] [22:19] So to me it's like you're saying, oh my God, Trump is bad. No, he's the Democrat I used to go ahead and vote for. Your parents voted for him. I get it. You might not like his personality, you might not like how he talks about men's asses. I I get it. I understand it. But these are these new class of Democrats, they're not Democrats. These are communist people with an agenda too. And you know what? I'm telling you, I remember there was an interview with Piers Morgan 15 years ago and they said we're going to bring Sharia law to the UK. And Piers laughed. This guy said, well, we'll get our way. We will get our way. Look at the UK today. [Guest: Landy] [23:11] Infiltration, not invasion. [David] [23:14] That's it. It's just like it's And that's there's nothing racist about it. It's just our societies the societies don't mix. It just doesn't mix. [Guest: Landy] [23:26] The core values that well, look, I I know that people don't like hearing this conversation, even people even folks who understand it. They don't like hearing the conversation because when it's said aloud, it's, oh, oh no, you can't say that. But here's the problem. Is like you got to respect it too because they've managed to turn the Democrats, um even though many that have these values in which they want to change the core fabric of the United States and how it's built, how the United States um government works, how the courts work, um you know, how the social fabric of society works. Um the Democrats were the easiest to infiltrate because most of the supporters of the Democrats, they they want to be empathetic to everyone around them, except for people that disagree with them. So all you have to do is play the part of empathizing with them and saying the right things until you get into power and you do the exact opposite. Now, many would accuse the the Republicans of this, but the problem is that the Democrats are the ones that are have been far more susceptible in the past decade than the Republicans. The Republicans threw off the Republican Party for these exact reasons, which is why you got Trump in the first place. So, the the the biggest thing here is these these new Democrats do not share the love and appreciation of the United States. They they want to see the United States be torn down. They want to see it torn down. So when you say things like, I want, you know, the United States to to succeed, we should be rooting for people to succeed, like, they don't want that. They don't. They hate the United States. They've been raised to hate it through the educational system, especially in higher learning. And it all started in the school systems. It really did. It started through a political move through the school systems to fund this kind of crap in our education systems that has then wrought what we are uh are dealing with now with the under the guise of socialism because socialism and communism are just two sides of the same coin. Um and one always leads to the other, by the way. So, this is something that, you know, they and you know who I really like that takes up the mantle of capitalism is Caleb Hammer with uh, you know, the cutups that you see of him like talking about things and just debunking what some of these uh these brainwashed people have been taught, you know, when it comes to like, oh, well, it's all the major corporations that get all these tax benefits and like specifically the one about Amazon recently with the girl with Amazon popped up again.

[Part 4 of 6] [00:00] who's talking about the Amazon warehouse down the road and there's only a two lane road and Amazon should be the one paying for the for that road to be expanded and he's like, they pay taxes. They employ how many people there? Do they not not contributor? Yes, and they pay taxes to the city and county. Who's responsibility is? Why is it their responsibility when you're giving money to the politicians you voted for? [00:22] Yeah. [00:23] That aren't taking care of things. And it's like this disconnect, like people will like want they want one thing. It's the same thing with like uh the social stuff when it comes to gender politics, right? Um, those same people fall in the same communist camp of I I don't want any any corporations, we should uh seize the means of production and all this and that. Yet, if a corporation changes their profile pick to be a some sort of thing that advances or that they agree with like gender ideology, now all of a sudden they're they're championing it. They're they love it. And it's like you it's because they don't have a real core set of values, um, that and and first principles. They go with whatever the popular thing is, whatever they've been told with whatever misinformation they've been taking in from either social media, professors, all of the rest. And and quite honestly, this has been occurring, this is a problem that has been festering for a very long time. It's been warned about by many people and now we're here. We're at the precipice. And, um, it's not going away and it's not going to be fixed tomorrow either. It's it's going to only intensify here going forward. And hopefully people start waking up on mass because honestly, this ideology, because it is a religious cult of communism that has been festering here in the United States. It has all the hallmarks of a religion. And realistically, it is a tiny minority being pushed by a a super majority of anti-American companies, corporations and leaders that don't even live here in the United States. And hopefully the American people wake up soon. Because if we don't, we're cooked, baby. Get stock up on toilet paper. That's going to be the new currency. [02:21] Polymarket, um, states, uh, well, this is it's not from Polymarket actually, but New York Times reveals registered white Democrats were 30% more likely to respond to its final Senate battleground poll than registered white Republicans. That's why I like these I don't I don't even care about the New York Times. But I got to say the New York Times hasn't been on my shit list lately because they've come out with the whole Danno Sullivan story in Alaska. Uh, and then just now this, like, Republicans do not do polls. Like, they just don't. And there's a reason why a lot of Republicans don't do it because like they don't besides, you know what, even in in person, they'll never tell you who they're voting for. And you have Democrats that are going to vote Republican that won't say anything. That that's why I believe this is where I was going with the red, uh, with the red wave. I I believe the red wave is coming. I I I think I I think even some Republicans will be shocked to see maybe maybe I look, some people might say I'm dead wrong, but maybe maybe they hold the house. You just never know. Like, you don't know. May may the Senate, I think the Republicans hold the Senate. I really do. I think it's going to come as a shock, but it's not really going to be a shock. I think Republicans are going to come out and they're going to vote. [03:48] I'm going to I'm going to tell you this, uh, based on the information that I have and the numbers that I'm looking over. Um, I am seeing a hold in the Senate and I am seeing the house flip them. I would but it's narrow. It's a lot narrower than what is being projected out there for these polls, which I believe are 100% fake. Um, when you if they don't have cross tabs, by the way, and they don't source, um, where they they're they're polling methodology, that's where you get those those uh polling firms that were doing. [04:25] What what do you have for the house? [04:26] I have a narrow, a narrow victory by the Dems in taking the house and I have uh Senate hold. Um, that's what all the cross tab information showed me. [04:35] I just feel I feel the Senate, I feel obviously the Republicans win. I really feel it. I feel like they're going to squeeze out a You know what? [04:48] I don't think they're going to squeeze out a win. I think that the election is not going to be decided tomorrow. I think that you're going to see Democrats and Republicans lawyer up. This election process is going to be a messy one. You're going to see riots, you're going to see, um, all kinds of, um, I I'm telling you right now, I think this is the election where we see what has been planned by a This is how you know that the Democrats aren't aren't, um, confident. They're mobilizing and pre-preparing legal challenges all over the United States. Because they know, they know that the polling's fake. They know. We've known this for a long time. So anybody that says like, oh no, the polls say this. Well, if they don't have cross tabs and they don't have source methodology, they're fake. Guess what many of them don't have. They don't have cross tabs and they don't have source methodology. And when you do hit the cross tab polls, even those with to your point, a lot of Republicans don't even respond to those. Most actual red voters and a lot of people in general, just even Democrats and Republicans don't respond to those. So you're getting a real narrow cross section of people that are being polled. But the biggest thing here is, um, they if the Democrats are so confident in the blue wave, like they were in 2024. Remember, there was a blue wave that was supposed to come in 2024. They were going to sweep the presidency with Biden or Kamala. They were going to sweep the house and the Senate and they were going to do all of the changes they keep talking about, you know, stack the courts and change all the other laws. They were going to get rid of the electoral college and do everything they wanted to do, right? Well, then Trump won and then swept both the the Senate and the house. Remember, all of the polling was saying that that that Trump was going to lose and it wasn't until just days before the election that everything started to shift. And you know where they saw the shift? It was in registrations. They didn't want to talk about the actual polls. They wanted to talk about, well, we're getting a the Republicans are really outperforming in registrations because that's something you can actually track. But they didn't want to talk about it too much. They only talked about it right before the election. Well, now you've got Democrats are definitely sweating because they are preparing with all of these different groups to do quote unquote protests all over the country with just on the ground groups, right? And they have legal challenges that they've been prepping for the past three months in every state, in every county all across the United States. If they were so confident in a blue wave, they wouldn't be doing that. [07:25] Well, we'll see what happens midterm wise because I I want to get back Honestly, I want to get back to business. That means like markets because I I feel like everybody's been holding back their money, 100%. From a market standpoint, I feel like everybody's just waiting for the midterms. regardless of who wins. Let's get past this and let's move forward. [07:53] I I could see a bump in markets, but I'm still looking for a larger correction Q1 to Q2. [07:58] I'm fine with that, though. [07:59] Which is what I I want I told you, I want SpaceX at $80. [08:04] Oh, boy. I want SpaceX at $80. [08:05] Tell me, tell me, please tell me that'll happen. I as an analyst, I want it to happen. I can see the projections, but it's holding so well. I I just want to see it get under 130 and then we can start talking about lower targets. [08:19] What's it at right now? [08:20] Uh, it's at 140, I believe, last I checked, uh, a few minutes ago. [08:23] Even 140's cheap. [08:25] It is. It's under. [08:26] Even 140's cheap. [08:28] I I I think that you could buy space you could throw a dart at a board SpaceX right now at SpaceX right now and in 10 years, you will oh boy, you are going to be rolling in money. I I I told you about Tesla. I bought Tesla when everyone said that you should never buy Tesla. And I've been holding on for more more than 15 years now. It's been about 15 years. I bought as soon as it listed. And I bought after the big the big sell off. And bro, bro, absolutely buoyed my portfolio through some really rough times. [09:09] I'm waiting for and we already have confirmation. So I'm waiting for Elon to just say like, okay, the merge is happening. Dude, it's going to be Tesla. Because it makes sense. That's what should happen. It makes sense. They should absolutely merge. And I've always looked at Tesla as an energy energy company, 100%. I've never looked at it as a car company. For the longest time, I haven't looked at it as a car company. It's all been about energy. [09:36] Yeah, a lot of people don't. [09:37] Elon knows what he's doing, man. Look, you're going to need you're going to need full self drive on Mars, right? The boring company digging tunnels underground, right? Makes sense for Mars, right? Yep. Like, so solar panels got that. What else? What else is he doing? [09:59] Satellites, data centers. [10:01] Space, right? Like all all that stuff is necessary. Necessary. And like he this guy like I honestly [10:07] He's trying to get back home, bro. He's just trying to get back home. He's been he's been missing home for a long time and he wants to go home. [10:13] I don't know. I'm getting into arguments about Elon. Look, like look, I'm not Elon's best friend. All I'm saying is I'm looking at Elon's How do you bet against Elon? I don't understand. Elon has come like he's literally come out there and told you what is happening with AI, right? I'm going to believe Elon. And and even his own Grok bots, what I he got to fix that situation with Grok bots because everybody's on everybody signed up to Grok bot better than Duet. What's the other one? Dots, whatever. Like [10:46] Dots, yeah. [10:47] It's better. It's better. Like I I'm signed up to everything. It's better. [10:50] I agree. Yeah, I have all of them and I use. [10:52] Now he's putting the cap on it. [10:54] Yeah. Elon fans are disappointed. They're like, ah, [10:58] So David, you you saw my message about this. Um, what I find interesting is everybody was talking about their cap and their usage just spiking all of a sudden and now I had the opposite happen, but I have a team account, um, with Grok bots. I actually was pretty high and my usage went down. So I'm wondering if they're going to focus on teams now. [11:19] I think what they need to focus or people need to focus on and it's what I talk about in the book, it's like correct prompting, like prompts. Like a lot of people just, hey, make me a millionaire. Build me a billion dollar company right now and and allow me to have [11:35] Make me a steak. [11:36] Like it's just like this will allow you to get better at prompts. Like you will you just won't waste tokens. And I think we're going to get away from tokens. I don't know. I think at some point you get away from tokens. [11:47] Well, decision systems, your your uh clef and jev and those kind of systems, I think are going to be integrated into a lot of these platforms, right? Because you have deep learning AI is is is where the chat GPTs and the Grocks and the Claudes live right now. But those decision systems are being rolled into a lot of this and I think that they're going to allow us to use tokens more efficiently. Um, a lot of people really like Jev and because of that kind of stuff and Clef, a lot of folks, I you know, all of the guys in AI are aware of this stuff, right? So they they understand the issues and they understand they have to get their own cost down. And if you can implement decision systems right there in in your applications, in your desktop applications, in your iOS application for your Grock, your Grock bots, for your Claude, your Claude codes, for your GPT and GPT codex and stuff like that, you'll be you'll become more token efficient and you'll be able to, um, save yourself money and save the customer money, which means that you can you can even potentially start to expand the usage caps a little bit more. Um, and there there's these are some of the most brilliant people on the planet that are working on this stuff, whether you like them or not, whether you like a Sam Altman or whether you like a Dario or whether you like an Elon Musk and their teams. These are brilliant people and they they've really they've worked with a lot of brilliant people and created a lot of really brilliant teams, very smart people that will solve these problems. We're just at this I think that Grock bots grew so quickly that that it's shocked SpaceX. [13:32] But I I I think he's shocked them from a different standpoint, but I don't think it's shocked them that people took to it. But hey, listen, they built a great product. [13:39] Um, I I agree. I do. I agree. [13:42] Well, thank you, Puppet, uh, for coming on to the show today, uh, and gracing, uh, the breakdown and its audience, uh, with your presence. Uh, for some reason, every single time you come on here, I get restricted on on TikTok. So I think it's you reporting and not nobody else. Uh, [13:59] Uh, tune into Landy Show tonight, 9:00 p.m. Eastern Time. Um, you can go ahead and catch him break down the markets. Bitcoin, oil, WTI, Brent, whatever. Like, you can catch him doing all this stuff. Uh, appreciate you, brother. I'll see you tomorrow on the show. [14:17] Yes, sir. Well, I appreciate you too, David. It's great to be here. [14:19] No, you don't. You don't appreciate me. [14:21] I I do and I wanted to say shout out to Sikasa. [14:24] Who? [14:25] Uh, Sikasa. Jungle Bay. [14:27] Who? [14:28] Jungle Bay. [14:29] Who? Yeah. [14:30] Who? [14:31] Uh, uh, uh, I I don't know if David, unfortunately, has been [14:36] I said goodbye to you. Like, I said goodbye. You're [14:39] This is this is not an airport. I said goodbye. [14:43] Not an airport. [14:44] This is the tower for Bayla. [14:45] It's not an airport. Do the Irish goodbye. It's like the Irish goodbye. Goodbye. [14:50] All right, goodbye. [14:51] Goodbye. [14:52] We'll be right back after this commercial break. We have a guest coming on. So stay tuned. We're going to talk about AI. You might want to go ahead and like stay around, Landy. You might learn something. I don't know. [15:01] Me? Sure. [15:06] 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? We're we're 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. 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. [17:09] 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 on this. Is that guy on FOMO? Yeah, let's get back to it everybody. Breaking news. There's an astronaut conducting an emergency repair on a global communication satellite that could go dark at any moment. 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's up and running. Positions looking good too. [18:56] There we go. All right, you know what? I got to break that up. It's way too You know what, Landy, you wasted I had to play these commercials. You wasted mats 67 minutes, Landy. You know what? I am telling you, you're only getting 10 minutes this entire week. Okay, 10 minutes. [19:19] All right, let's bring Zanetta. Zanetta is in the back right now. She's probably like, why am I even here? Let's bring her on to the show. Let's go ahead and talk about AI and some good stuff here. Hi Zanetta, how's it going? [19:29] Good to meet you, David. How are you doing? [19:32] Did I did I butcher the name or did I get it right? [19:34] No, that's perfect. Zanetta. Yes. [19:37] Thank you very much. I'm sorry. Uh, we have uh, the resident puppet who breaks down the markets. He talks a lot. Um, [19:43] It's great. I was I was very much entertained. [19:47] I appreciate that. All right, let's talk about AI. Um, I wanted to ask you this question. I've been waiting to ask you this question. You've said two things could be true. You're we're in an AI bubble and we're barely scratching the surface. Where is AI money actually working right now? [20:04] I mean, it's a great question. You're right. two things can be true at the same time. We are watching the markets very carefully and realize, you know, there's so much exuberance about AI and not everyone knows exactly where they're putting their money or have done the right diligence. So there will be failures in this market. That doesn't mean that there isn't a ton of opportunity still. We see so many undervalued companies from the chip level to energy to, you know, grid optimization. Giant as a fund, we invest in early stage companies before they're public. We want to find those new technologies that are emerging and pushing us forward. And so, you know, we've got a had a hell of a run with the um large language models. That can be taken a step further to develop net new drugs and net new material science. There's still a ton of opportunity to go. I I I think we really have barely scratched the surface. It's just about picking the right ones. [21:02] Elon said though that um, if you're not turning a profit, then you're going to stop receiving any sort of money. Where do you stand on that? [21:12] Well, I wouldn't bet against Elon sort of perspective most of the time, but that's certainly not what's happening right now. There's still a ton of companies raising at crazy valuations that are very far from turning a profit. He may have been speaking specifically to the LLM's going public. I think that that probably means, you know, they have to have a road to profitability that the market can understand and underwrite. But in the private markets, there's still a lot of burn happening. Um, really with this exuberance of what's possible if we can just continue to build without that concern. [21:47] Anthropic made like $16.3 billion in profit and lost like what was it? $80 billion. They burnt through that. What what like and everything that came out from like whether it was Anthropic or Open AI, Meta, Amazon, profits, big profits, but burn through cash like crazy for AI. Like how long will this continue until they finally get it right in terms of not burning the free cash that they have on hand? [22:21] Well, look, it depends if you're a believer in what's possible going forward. If you believe that we've barely scratched the surface on what's possible in terms of developing net new efficiencies across the market, wouldn't you reward a company that's running at that fastest? Um, and be less concerned about profitability in the short term. It feels a little um short-term thinking in my opinion. But obviously the market can change and so there has to be some backstop where the company can operate profitably and be a stand-alone company in the public markets. Um, I think me predicting when that's going to happen is not helpful to anyone. Um, that's not where I spend my time. But I will say, you know, these are really solid companies now with incredible leadership teams and and I would bet on the future state of these businesses more so than the current, you know, three-week timeline, five-week timeline. [23:13] Amazon, Alphabet just got hit for how much they were spending on AI and Open AI reportedly cut its raise to about $20 billion. Does that pull back reach the private side? [23:25] Not in the immediate sense, no. Um, in the land that giant lives, so we are a a firm that bets on frontier technologies that are reshaping civilization. We spend all of our time thinking about what positive world intent and what positive effect can be um had by these breakthrough technologies. We're way further downstream than what's happening with Amazon and even Anthropic these days. Um, but we do want to understand where they're spending their time, where they're pulling back, how they're using tokens, where the inference plays are coming in and and replicate that into our portfolios. But the the exact pullback and spend in in in those companies has a very long tail trickle before it affects us. Um, we're looking for new entrepreneurs who are telling us what is going to be super interesting 10 years from now, not so much uh running up to an IPO straight away. I will say on the flip side, we do have a growth investing arm and then we're thinking about companies that are have such crazy market pull that they today can, you know, run up to an IPO in the next three years. A good example of that is Saira. It's a cybersecurity company that's protecting big companies like Amazon, biggest Fortune 100 companies in the world from what they're what agents can access in their systems and that business, you know, is probably closer to um, you know, reaching the public market soon. [24:52] Nvidia may uh back the debt on uh N skills Anthropic data center. Power and compute are your lane, but effective computer, who wins the AI power problem? [25:04] Great question. Um, we're seeing that, you know, whole landscape change quite dramatically. Um, the rumors we hear are that the hyperscalers are going to pull back from actually spending on data centers themselves and let the neo clouds uh, you know, traverse that landscape, which is pretty tricky from a credit perspective. Um, we think about the speed to power for these data centers and want to make that power as clean as possible. We truly believe that this is one of the best times to be investing in the energy sector because there's been all of these decades-long research projects around net new energy sources. And now that there's this moment for for this incredible sector to become commercial because there's such an urgent need, we're going to see breakthroughs in net new energy sources across the board. We have to fix some other problems. The faster the market moves, the more problems are created and the more urgent the problem, the faster those companies can grow. So we're thinking about grid connectivity and actually sort of permitting across the board to get these data centers online under the best new energy sources uh, in in in the most

[Part 5 of 6] [00:00] was clean and effective way. You mentioned efficient computer, that's a semiconductor company that is 37 to 100 times more energy efficient than CPUs and GPUs in market today. We think that that's a no-brainer and a pretty undervalued space to to really like bring new products to market that can make all of that entire ecosystem more efficient and energy efficient specifically. [00:25] You've said uh mining and manufacturing are barely touched by AI. What is the most undervalued opportunity nobody's talking about right now? [00:34] I mean, that's a great question. Perhaps I should share that with my team and uh I keep that to ourselves. No, no, I'm kidding. I I think look, I I think that there is a lot still to be done at the semiconductor level. There's a lot still to be done in energy uh and net new energy sources, whether that's batteries or geothermal or nuclear. There's a lot still to be done in connecting the grid in an effective way and um building transformers to to have, you know, ACDC connections in these spaces more uh energy efficient and and less leakage. Um, we think, you know, the Ag sector is a space for instance that's barely been touched by AI. It's a, you know, massive global at term and and there's tons of robotics and other that can be help these farmers grow more efficiently. We think that's the case for manufacturing too. There's a ton of exuberance around humanoid robots. Perhaps that's the way to make them most effective. Maybe it's AI systems within these manufacturing facilities. Maybe it's really, you know, finding new novel materials that make us less dependent on plastic and waste and and a lot of that uh industry. So, we think about this landscape, we think there's, you know, tons of room to grow across the board. [01:52] When do you think uh well, you've I'm I'm sure you you get pitched all the time. When when do you see the extension of life happening? Because that to me [02:04] The extension of life happening. [02:06] That's kind of like that's the way I kind of put it because like I I think within three to five years with the way the models are moving, we should see some breakthroughs, right? Or am I completely wrong? [02:17] No, I think you're completely right. Um, I mean the extension of life is already happening at a dramatic scale. You know, longevity we at Giant, we invest in healthcare. We think about longevity trends specifically around preventative medicine. As it pertains to AI drug development, that's also an area that we're, you know, really acutely paying attention to. Given the fact that we can now personalize medicine at scale and make that cost effective within a pharma context. Um, and, you know, when we speak to these big pharma corporates, they're over the moon and so excited about what is to be developed going forward and how that's going to impact everyday lives. Um, we also think about AI, you know, helping on the payer provider side. So, you and I, you know, both struggle with our insurers on a day-to-day basis, I'm sure. Um, that's a, you know, a huge data system that can be really effectively cleaned up with the the advent of AI systems and, you know, really connecting providers, payers and the patient in a way that's far more user-friendly. Um, so, you know, all of that space is also something that we we think about deeply. [03:27] Curveball, last question, curveball. [03:29] Yeah. [03:30] And I appreciate you coming on here. I really do. Um, data centers is the talk of the town everywhere in the United States of America, especially with the elections coming up tomorrow. Um, pros, cons, pros, cons. Um, there are people that say that, you know, these neighborhoods that do have data centers should be incentivized. The people in that town or whatnot should be incentivized. What what do you think about uh those suggestions? [04:01] Look, it's it's such a timely and polarizing conversation right now. Um, I don't want to take away from communities that have real concerns about why these data centers are being placed there, the noise concerns, that, you know, the increase in their power costs and water costs. I think it's incumbent on the developers to go into those communities and bring those communities in on the story. Ensure that they understand what they're doing with their power, whether it's draining their resources or adding net new power, what they're doing for their jobs, what they're doing to the water in their systems, and then finding a compromise that everyone gets to win. Um, I do think that this will be an economic boom for most of the United States, but we have to take the community's concerns into account very specifically and communicate in ways that bring them along. [04:49] I want to thank you for coming on to the show. Hopefully, we can bring you back in the next few months if you're not busy. [04:55] That'll be great. I promise not to do an airport goodbye. [04:58] And I'm sorry if I'm holding you up in the green room. It's not my fault. We have this puppet that comes on and he breaks down the markets and even friends and family are asking me, why do you have a puppet on the show? You have a serious show and you have your It is what it is, but I thank you so much again for taking the time out and I and I wish you the best of luck and and again, we'll be in contact. [05:20] Appreciate it. Thanks, David. Have a good one. [05:22] Thank you so much. That was great, man. I I love the AI sector. I love [05:27] I I love talking about this stuff. [05:31] I really We haven't even touched the surface. I was reading like a lot of the stuff. Obviously, I get like a scouting report. We got the scouting report, so I don't look dumb. [05:44] And I'm reading and I'm reading, I'm reading. I what can I say? This, yo, I need to talk to my producers. [05:53] These shows have to be an hour. I have a lot of questions. [05:58] I really do have a lot of questions to ask. Like how do you [06:02] I'm like four, five questions, that's it. That's all I can go. Four, five questions. [06:12] She she's smart. She's absolutely smart. [06:21] I I like that like she thought out every single answer. But that's what we're getting a lot of from the AI sector, right? Like if you guys have tuned in from the show into the show, you've seen a lot of people just like, yeah, I I they're cooking. [06:38] Respect, man, respect. Love to have her back on. Hopefully, we do. We'll talk more about, you know, a lot of the stuff that she's investing into. [06:48] But I had three or four questions that I really like I really wanted to ask her and I asked her and she she gave the answers. Right? Right. [06:56] My biggest concern was getting her name right. [06:59] My biggest concern was getting her name right. Because my name gets butchered all the time. My biggest concern was I got to get her name right. [07:11] So I was good. I got the name right. I was good. [07:15] Confidence level was here, all right? The confidence level was here. I'm being told in the back that Trump is speaking from Washington D.C. [07:25] So let me let me I guess get that up for you guys. [07:29] Trump is speaking from Washington D.C. [07:33] Yes, report on crypto digital assets, the markets. [07:39] We report on everything. [07:41] Now we're going to report on Trump. [07:44] Trump is live. [07:50] Is he live? [07:55] Is Trump live? [07:57] What are you doing? [07:59] Oh my God, if somebody seen this just now, they would have died laughing. [08:05] He's not live. [08:09] Trump ain't live? [08:17] I mean, thinking Trump is live. [08:23] So it happens when you listen to the crowd. [08:33] Trump is not live. [08:40] Anyway, welcome to the breakdown. [08:44] I want to see if TikTok answered me, man. [08:50] Had a great guest on. It was it was wonderful to have her on. It was. [08:57] We had Landy on. He's he made his reappearance back here. I you know, I just bust Landy's chops, man. I really do. That at the end of the day, I just bust his chops. [09:05] Don't don't think that me and him haven't got beef. We got no beef. There ain't no beef. [09:10] There's no beef, okay? I ain't got no beef with him. [09:14] I ain't got no beef with anybody. [09:17] Zero. [09:18] I really don't got beef with nobody. [09:22] They won't got, yo, I only got beef with TikTok right now because they will not answer my question. [09:30] They won't got, yo, I only got beef with [09:37] Damn it, man. He's live on Fox News. [09:41] Bro, what am I doing here, man? Where where's Fox News, man? [09:47] Where is Fox News? [09:50] I don't see him live on Fox. [09:54] You stop playing with me, man. Stop playing with me, man. [10:01] Oh. [10:02] You're right. [10:03] tremendous [10:19] And if you had a regular blue like I personally love the lighter color blue but then you wouldn't have any reflecting, it wouldn't be a reflecting pool. So the flag the fact that the water is very dark pool it's like a uh sort of a soft dark blue they call it. Uh gives you great reflectivity especially when the sun's out. We don't have the sun out today but when the sun's out it's a beautiful thing to see. And uh we preserve the beauty for generations to come. We install 330,000 square feet of a very strong coating not strong enough to withstand box knives and knives. But uh by normal standards it pretty pretty much the strongest coating you can get. And we replace nearly all of the miles of joints. Uh does somebody have those pictures for me? The pictures? Yeah. Do you want to stand up here, Greg? Be great. If you could show some of the uh previous conditions of how it looked before we started. I think people would understand very much. Thank you. These are the pipes. So the uh this is a it's painted blue for purposes of it was all rusted. So this is what we took out and this is the pipe inside here. And as you can see it was totally you know, it's been there since 1922 I guess and it's in bad shape. They've been replaced. And we replaced them after July 4th. So, okay. [11:59] And do you want to this was the uh [12:04] the joints that were here that we took out. They were put in there a long time ago and we took that out. And uh Obama and Biden put in much of it but it was all very defective material. And that's one of the reasons it leaks so badly. So we removed all of this. This was put in. It was not very high quality material. Wouldn't last very long. [12:33] This was what we inherited. This is the way the pool was just prior to just a little bit below the surface. When you wonder why it leaked, I guess it's not too hard to it's not too hard to see. That's what it looked like. And by the way, we we resurfaced the granite. This granite was all resurfaced and uh it's in you know, because it's granite, it's got a uh in many cases granite will have a million what they call a million year life. It's the strongest stone. But we're able to resurface it largely and the areas around the pool we resurface either fixed or fixed resurface. In some cases we had to replace. We tried not to replace because you can really never match stone but some places we had to. This is a uh this is another example of what it looked like just at water level and below. So it was a mess and it was leaking like a sieve. And this was been for many, many years. This was long before Biden and Obama. [13:40] And this was sad because this was the grass and it was totally vandalized up here. And this was put out on the surface 8647. You know what that means? That was a Comey phrase. 8647. That means kill 47. That's a mob expression that Comey I guess was the first one that I heard put it out. [14:07] All right. I I can't. I'm sorry. I love Trump, but I I'm not going to sit here. All right. [14:18] I'm not going to sit here. Oh my God. Polymarket has Polymarket, by the way, Polymarket is a sponsor obviously of the show. Uh the official prediction market sponsor of the breakdown. They have LCI surges to his largest lead yet in the odds to win Michigan's Senate race just one day before the midterm. 77% odds that he wins. [14:47] No. [14:52] I have to disagree. Like I I hate to do this. What is this? [14:58] No, I'm sorry. By the way, I can't listen to I I love Trump, man, but like when he starts going on a tangent talking about, you know, Obama could never do this and then he starts talking about I I I I man, much respect to Trump, but I can't, man. I can't do it, man. I can't. I can't. I fucking can't do it, man. [15:17] Can't listen. [15:19] Can't listen to it. I can't. [15:22] Last time he had me on for two hours. We were on here for two hours listening to him talk. [15:29] On two hours listening to my man's talk, man. [15:32] It's crazy. Anyway, welcome to the breakdown. Um, glad that everybody tuned in today. I really am glad. Thank you so much. Uh, thank you to the guest obviously for coming on. Uh, I said what I said. I know a lot of people might get offended by the things that I say, but, you know, like I'm just being real about it though. [15:53] I I for real, like I'm just being real about my feelings. About the current situation. That's it, like and if people respect it, they respect it. If they don't, they don't. I get it. [16:06] I totally understand. [16:13] What the hell is this? Am I still on? [16:16] Am I still live on TikTok? Can anybody tell me if I'm live on TikTok, man? [16:28] Why do I feel like I'm not live on TikTok? Am I live on TikTok? [16:36] Yeah, you know what I need to do on TikTok? I need to just start selling things on TikTok. [16:44] No, I don't think I'm live on TikTok. [16:48] Unless I'm bugging out. I don't think I'm live. [16:54] I am live on TikTok. [16:56] Okay, so like no, I'm not live on I am live on. Yo, why doesn't it show though here? [17:07] I don't know, man. [17:09] I don't know. [17:12] Oh, man. [17:15] I should go get a haircut today. [17:22] By the way, I've reached over two over two million impressions in like four days on threads. [17:44] It's crazy. [17:47] These people are nuts. [17:51] These people on threads are nuts. You can't even have a conversation with them. [17:55] You can't even have a convo. [17:58] There's no dialogue there, man. There is You know what? They they talk about this is the craziest thing about the Democrats on threads. They they can't those are 90% of them are bots. They can't be real. It can't be real people. [18:15] Real people don't talk like that. [18:18] Let's have a let's have an adult-like conversation. Let's let's let's sit down and let's have a convo. Let let's let's let's think about how we can go ahead and make America great. [18:32] Nope. They motherfucker you. Like, yo, you think I'm bad? They they the fucking motherfucker me every second. [18:40] It's crazy. [18:43] Call me a Jew like I'm like I'm going to get upset. [18:46] Oh shit, I didn't know I was Jewish. [18:50] Oh my God, I just realized. They're like, yo, you're paid by APAC. Listen, if they want to pay me, I'm going to let you know. You can you know, APAC, you can contact me at Davidgokhshtein.com. We can go ahead and I'll let you know what my price is. [19:08] I'm saying this shit anyway, might as well get paid for it. [19:12] Did I say anything wrong? [19:16] I ain't saying nothing wrong. No no lies found here. [19:25] It's crazy, man. By the way, for those who if you got this book, if you got the million dollar AI playbook that I went ahead and wrote and put on Amazon and Davidgokhshtein.com, please leave a review. Give me five stars, leave a review. Tell your friends and family to pick one up. [19:45] It's cheap, okay? You spend more money shitcoining. This is cheap. [19:51] And yet it's a beginner's guide to get you into AI. [19:57] Everybody who has a goddamn book, I should have a every single month. You know what I should do every single month? Anybody who has the million dollar AI playbook, I should have a a special conference for those who have it. And we can go and I can help you out, position you correctly, help you out with prompts. You know what? That's what I'm going to do. I didn't even think about that. [20:22] I didn't even and and I should have a referral program, right? For those that are willing to go out there and tell people to get themselves the million dollar AI playbook. I need to come come up with something. There you go. I need to come up with something. [20:39] I want to thank everybody who tuned in today, okay? And by the way, let's go real quickly to Polymarket. By the way, Polymarket, if you go to download the application, put the code breakdown into it and get $25. [20:55] $25 free. $25 into your account using the code the breakdown, okay? [21:04] A lot of you guys are lazy as hell. $25 is free. And a lot of you guys are going, buy me. So a lot of you guys are telling me, oh, I signed up, but I didn't use your code. Thanks a lot. I appreciate it. Thank you so much. [21:17] Jackasses. Like for real, like what kind of shit is that? [21:21] David, thanks to you, I'm using Polymarket. Did you use my code? No. Appreciate it, bro. Thank you so much for not using. Like what kind of shit is that? What kind of what kind of audience do I got? [21:36] Seriously though, tell your friends and family about this because I'm big into AI. And what I want to do is if you got the million dollar AI playbook, I want to do once a month where we gather and we're going to hold like a conference and you guys can go ahead and and like I'm going to break things down and you can ask questions. [22:01] For anybody holding the million dollar AI playbook and also, I got to I got to figure out the whole referral program. [22:12] I want to get more people into AI. That's the whole thing. I really want to get people into AI. Look, I'm we're reaching out to people big into AI, investing into AI. We we want to have this conversation. I want to have this conversation. I know how serious it is. I know how big the industry is and I want to see you guys. I really want to see you guys absolutely dominate and change your lives besides crypto. AI is there. Let's go ahead and go into the latest here, um, from Polymarket. Talk too much. Talking too much. Let's go. Latest latest on the midterms. Polymarket is reporting. [22:55] This is what Polymarket has. [22:59] Polymarket has Democrats have a 74% chance of controlling the Senate. [23:05] 74% chance that Democrats control the Senate. [23:09] They also have it that there's a 74% chance that the Democrats sweep the midterms. [23:17] A 22% chance that the Democrats only get the House and the Republicans keep the Senate. Again, y'all heard what I said. I love Polymarket. Okay, I love Polymarket. Great sponsor. [23:31] But y'all heard what I said. What I believe is going to happen. [23:36] I believe it's going to be a major upset. Shout out to Polymarket. Polymarket is the official prediction market sponsor of the breakdown, okay? [23:46] Shout out to all the sponsors, by the way. Midnight, Polymarket, Cake Wallet, one of the most secure wallets out there. By the way, Midnight, if you missed out on Zcash, Midnight, I'm telling you Midnight is going to pull a Zcash. Keep on keep keep fading me, okay? And fomo.family, go sign up. You can follow me too. You can see and you can track what'll happen with Satoshi. Okay, you can track what happens with Satoshi. Paired with Bitcoin, Satoshi, I'm holding it. I'm not writing any thesis right now, but I'm telling you right now, we'll track and see if people can gather around together and send the motherfucker, all right? There you go. [24:29] Everything else, I don't buy on front facing wise. I don't trade on FOMO just because you guys are assassins, okay? You guys are absolute assassins. [24:41] Shout out to Sakasa and Jungle Bay. [24:44] Shout out to everybody on who came through on Friday for an hour. I said 25, 30 minutes. Sakasa got into his deep voice and started to talk, you know, you know, it's Sakasa's doing his thing. He's building out Jungle Bay at at a really fast pace with quality. You got to love Jungle Bay what they're doing out there. Memetic.finance. Memetic.finance. I believe that's it. Junglebayisland.com. Look at that. Look, that's what friends do. I'm not even paid. Nothing, zilch, zero. I'm saying that. [25:18] It's a friend. At least builders, you shout out the builders. [25:22] Shout out the builders. [25:24] And guys, really, seriously, I'm I'm going to figure out this. [25:29] I'm going to figure this out. And if you can review it, please do. Reviews, obviously, reviews mean something. Reviews mean something, man. [25:40] They mean something. [25:43] I want to thank everybody. I want to also leave you guys with the quote of the day. The quote of the day, ladies and gentlemen, the quote of the day. [25:54] Let's find it. We got a we have a whole lineup. Like I'm looking like this is crazy. [26:04] This is crazy, man. [26:07] Listen, support everybody. Support everybody out here. There's no need to fight, man. I'm telling you, there's

[Part 6 of 6] [David] [00:00] no need to fight. You're more productive when you're you're working together as a one as one cohesive working unit, not fighting out here. Like what are you fighting for? There's nothing to what is there to fight over? [David] [00:12] You're the only people that believe in crypto. [David] [00:16] You're really the only people that believe in crypto and building. What the hell are you fighting with everybody for? [David] [00:22] There's no need to fight. Come together right now. That's a song. Come together right now. [David] [00:35] I don't have time. My energy, I I don't got the energy for that. I don't got energy for that, man. Tell you right now. You can curse me out in the worst ways, man. You will not see me come through. I I I don't have the energy. I I don't care. [David] [00:50] Everybody's entitled to feel a certain way. And that's fine. That is absolutely fine, man. Everybody should everybody's entitled to an opinion. Everybody got an opinion like everybody got an asshole. That's it, man. But your opinion of me is not one that I have in myself. Shout out to Dion Sanders. And that and that's the mentality that everybody should have. Damn, I'm gorgeous. I'm looking at this screen and I'm like, man, God made this. Can you believe this? God made this? Aura, unbelievable. The eyebrow, the people's Yo, my eyebrows do be moving. I I I watched the video, a little clip of myself. I'm like, my eyebrows are like, they really talk. They talk, my eyebrows. Anyway. [David] [01:40] Jungle Bay. Jungle Bay. [David] [01:55] Some of those things is like, yeah, Jungle Bay. Yo, I'm going to play that in the whip. Jungle Bay. [David] [02:03] Um, [David] [02:10] I'm going to It's funny because I I laugh every time I say Angala. Angala. And that's something that Angala is is really, if you grew up in New York City, you know what time it is. All right, listen, here's the quote of the day. Yeah, I'll guess what's great, man. Again, I was scared to mispronounce her name. I was absolute I was terrified. And then Landy wouldn't shut the fuck up. So I was also like, man, she's going to leave. She's going to leave. Landy keeps talking. She's sitting there patiently waiting. Green room don't got water. There's no food, no treats, no nothing. She's sitting there. Anyway, quote of the day is this. [David] [03:02] The best revenge is none. Time exposes, karma corrects, God humbles. You don't have to match energy. You don't have to prove a point. Life has a way of revealing truth without your help. Let people talk, let them doubt, let them walk away. Your growth will do the explaining. Stay focused on your lane, protect your peace, elevate in silence. Because the most powerful move you can make is choosing healing over hate. And your purpose over pettiness. Let them watch, let them wonder, and when they realize what they lost, it'll be too late. You didn't get even, you got better. [David] [03:50] Ladies and gentlemen, thank you so much for coming to the most electrifying. [David] [03:57] 100% the most electrifying show that you can find on social media, on any social platform. Thank you so much. I really appreciate everybody. Whether it's one person, 10,000, whoever, doesn't matter, for tuning in every single day into this show, 12:00 to 2:00 p.m. Eastern time. Fuck daylight savings, okay? I don't like it. I feel more tired today, but I still got that energy anyway. That rhyme, that's a bar. Shout out to the sponsors, Midnight, Polymarket, Cake Wallet, FOMO. Shout out to them. Shout out to every platform. Shout out to everybody who's doing big things. We'll be back tomorrow. We got more guests coming on. This entire month is full of guests. This entire month is my birthday month, okay? It's a November is a special month. It is a month that you see me, me sees you. I come on here. I was born in this month. I am the most electrifying Sagittarius that anybody's ever seen. The aura impeccable. [David] [05:06] My style's impeccable. I'm a eat his children. Mike Tyson. [David] [05:15] Yeah. And get the million dollar playbook. If you got the million dollar playbook, if you got the book, go to Amazon. If you don't got it, if you if you go to Amazon, buy it. Leave a review, please, appreciate it. And again, I I'm going to figure out ways to incentivize. And the reason why I want to incentivize people so we can get a bunch of people into AI and we can have these conversations and we don't leave no man out. And everybody can go and participate in a revolutionary industry that's going to change the goddamn world. So, thank you, thank you, thank you. I bow out now here. I'm humbled by those who tune in every single day, and I thank you very, very much. Have a great Monday. And I'll see you tomorrow. 12:00 p.m. Eastern Standard Time. I'm out.