WEBVTT
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Out of 10, what do you think?
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Be honest.
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I'm trying to figure it out for myself.
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It's a new thing.
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It's a new look.
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I don't really what do y'all think?
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Be honest.
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Give me a give me like a rating out of 10.
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Give me like a like a Chad is the top and like a subhuman's the bottom.
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I'm still getting used to it.
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I'm gonna be honest, but we got some new real cinematic shit going on.
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I'm not gonna lie.
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Welcome back to the fucking stream.
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I do need a haircut.
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I do need a haircut.
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I do need a haircut.
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It's so good to see your beautiful faces.
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It's a new day, new fuckery.
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We have a very special stream today.
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Every stream is a special stream.
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We have a lot to talk about.
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In about, I don't know, an hour and 10 minutes.
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We have good Alexander, the GOAT, and then uh David, the founder of Chip slash USD AI.
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Daily Jerker first chat.
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I'm stroking my shit right now.
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It's like none of you guys take nothing serious, man.
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We're at war.
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The market's at all time high.
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I have two legendary guests in here talking about stroking my shit.
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It's like that's why you that's why you're not gonna make it, bro.
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It's why you're not gonna make it.
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But on serious note, we have a sick, sick lineup today.
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Good Alexander and David coming at the same time.
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I'll be honest.
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I think good Alexander has been one of the most on the ball, on the money people as it relates to fuck it, they're climbing it, we're along.
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And so he's gonna have some really good takes.
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And David, I mean, look, you gotta give the guy props.
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I was going back in the archives and looking at it.
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Monad, did you know Monad TGE'd on 1010, brother?
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Monad TGE was on 1010.
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Okay.
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It was probably before, it was probably after.
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I don't even know.
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What was the last hype TGE that performed well?
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I don't even know.
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So we'll see.
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Um, today's gonna be a sick day, by the way.
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Right, I I gotta end stream on a hard stop.
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We're gonna go three hours hard and I'm gonna meet Hans Neiman, which is lit.
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I'm going to a little, a little private event.
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I'm wearing a full suit.
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Go meet this dude.
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So hopefully the IG takes a little level up with that.
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But all right, we have a guest coming on in an hour and 10.
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GBT 5.5 just launched, and we are in the middle of, I don't know, man, one of the craziest markets I've ever seen.
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I'm just gonna be honest.
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I I don't look, I haven't followed stocks that closely for that long, to be fair.
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But the bid right now in the stock market is ridiculous.
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Okay, what what I witnessed today back-to-back days last night and then today on fake headline or an underwhelming headline and then an absolute slam is insane.
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We're seeing fuckery after fuckery after fuckery.
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It's wild, it's nuts, it's hard to process, and I'm excited to talk about it.
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So, look, what do you all know about the French Revolution?
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Okay, I watched this YouTube video, we might start a history series.
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I learned about the French Revolution today, okay?
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And I don't know what y'all know about the French Revolution, but I'm gonna tell you what I know about the French Revolution, okay?
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Is France was going downhill, okay?
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Because France, okay, watch, France fights all these wars and they spread themselves really thin.
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And the last thing they do is King Louis on sort of a personal vendetta gives all the supplies and all of these resources to the United States of America.
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Win the Revolutionary War.
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But he cucked himself in helping the US win the Revolutionary War.
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Because it's the first instance of a new empire that doesn't have a king, okay?
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They have a democracy, and everyone's like, uh he kind of cucks himself, right?
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The Revolutionary War thing ends with the US, and everyone's sort of looking at France like, uh, you have no resources, and France is really broke, okay?
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And so the only thing they know what to do is raise taxes.
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That's all they know how to do.
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It's like, okay, fuck it, we gotta raise taxes because all of the taxes are being paid by like the bottom 80% of like peasants, basically.
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No one with any money is paying any taxes.
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Okay, so King Louis organizes this meeting, and he brings all of the lords together that have all this money.
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Here's what we're about to do is you guys are gonna start paying us a fuck ton of taxes.
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You're gonna pay France a fuck ton of taxes.
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That's what's gonna happen.
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We're gonna save France.
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And they said, uh actually, no the fuck we're not gonna pay you any taxes.
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And they rally all the peasants, and there's basically like an uprising in France, right?
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They say, Fuck that, we're in charge now.
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And so what happens when the new crowd gets in charge is nothing changes, right?
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Like the peasants are still paying all the taxes, France is still broke, and so what they do is they say, fuck it.
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We're gonna solve our money problem by printing money.
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Okay, it's like 1780.
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They start printing a fuck ton of money, and there's this big inflation scare, right?
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And so normal goods get really expensive.
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And bread, like for the the first example they gave was the price of bread gets like super, super expensive.
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So, what do you do when the currency is getting debased and becoming worthless and common goods are getting really expensive?
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Well, I don't know, obvious thought.
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Let's let's make it illegal to sell bread over a certain price.
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Let's put a price control.
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What the US talked about doing with oil recently, we talked about this with oil, Nixon did this in 70, 71, and France did this in like 1780.
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They put a price cap on bread.
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Well, what happens when you put a price cap on bread?
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Well, at a certain point, inflation gets so bad that it gets more expensive to produce a loaf of bread than it does to sell a loaf of bread.
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So they stop producing it.
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Okay.
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And so the people in charge in France basically go to the farmers and they start killing them, chopping people's heads off, killing them.
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They'll say, fuck it, we're gonna produce the bread.
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And so what happens when you start killing the farmers for not producing the bread?
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Well, everything else across the country gets extremely expensive, right?
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And so they rip price controls on all goods everywhere across the country.
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And what happens is countrywide, currency is worthless, nobody wants to work, nobody produces anything.
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And so as a result, they basically go and kill, like, I don't know, a hundred thousand people via a guillotine, bro, chopping people's heads off for not wanting to produce goods and not wanting to work all because all because price control on bread, brother.
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That's it.
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And so when the United States starts talking about we're gonna put a price cap on oil, I'm getting long risk.
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But that is what it is.
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Market closes in one minute, and it was absolutely a ridiculous market.
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Couple intro things, and then we'll go over market close.
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Number one is this is crazy.
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Lock this is a Lockheed Martin chart.
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This is what Pete Hegseth tried to insider trade right before the war started.
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He tried to get leverage ETF on this niche triple lever defense ETF that I think was some combination, but not limited to Lockheed, Raytheon, and maybe a little bit of Palantir.
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Secretary of War couldn't even get the order through.
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And then second, he would have lost a fuck ton of money.
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Pete Heggseth.
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Trading shit is hard.
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They don't give you guys enough credit.
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I'm gonna be honest.
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They do not give you guys enough credit.
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Smart shit is hard.
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Um, number two, I saw this come out today.
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This is crazy.
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So you remember when Zoran Mamdani films this video about how we're gonna tax apart empty apartments, second houses in New York City, and says that's a$235 million apartment owned by Ken Griffin.
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The entire world has Ken Griffin's address.
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Ken Griffin didn't fucking like it, and rightfully so.
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And the headline is Ken Griffin is appalled that Zoran used his$238 million,$238, my bad, Manhattan Penthouse in his tax the rich promotional video.
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Citadel is now apparently considering bailing on their construction plans to build a new office in Midtown.
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The project would involve six billion in spending and would create 15,000 permanent jobs in New York City, according to Citadel COO.
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Quote, it's shameful that he used Ken's name as the example of those who supposedly aren't carrying their fair share of the burdens associated with New York City's often costly and wasteful spending.
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The email said.
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In doing so, the mayor has once again manifested the ignorance and disdain of the elite political class towards those who have those who have been consistently committed to building one of the greatest cities in the world.
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Think about that.
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Zoran wants to be a fucking hero.
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He comes out and oh, intel earnings, intel earnings, intel earnings.
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Uh Intel earnings, intel earnings, intel earnings.
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Wow! Bang, baby.
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Wow.
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Look at that.
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Absolute crush.
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Let's zoom it out a little bit.
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Wow.
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Oh wow.
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Look at the one hour on this thing.
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Just a emphatic all-time high.
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Holy shit.
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How much is Leopold Ashenbrenner up?
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What a fucking dude.
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This guy, Leopold Ashenbrenner.
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Wow.
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It's like a 13% move on earnings right after uh TNBC.
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Intel is trading on stories, not fundamental.
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That's what we do, baby.
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We trade fucking stories.
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That is what we do, man.
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We trade stories.
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Wow.
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We just buy what the US government tells us to buy, right?
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I mean, beatable ass market.
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I mean, you just have like what was the Trump Intel?
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Trump buy Intel?
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Did he tweet it?
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Yeah, this is crazy.
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Sick candle.
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You absolutely love to see it.
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At the same time, Bitcoin looks pretty fucking good.
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So yeah, that's a huge beat.
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Shout out to Intel, man.
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That's what you'd like to see.
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I mean, it's been one of the biggest gainers.
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Closing point here is Ken Griffin had plans to add 15,000 jobs to New York City and spend six billion dollars to build out um an office that they're talking about not building out.
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My favorite take on this whole thing is what's the point about fuck what is the point of fuck you money if you never say fuck you?
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What's the point?
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Last but not least on the intro, and then we're gonna get into some market close stuff, is I mean, this is just unbelievable, really, that the dev, the White House, okay, of the United States of America is posting updates of the stock price from the official account saying the SP and the NASDAQ close at record highs.
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Okay, if hyperliquid Jeff came out and tweeted a record price for hyperliquid token, everybody would lose their ever-loving shit, okay?
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Except this isn't hyperliquid Jeff.
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This is the president, the leader of the free world.
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The president of the United States of America is tweeting without fail.
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Ev talking about price is bearish.
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There are very few instances where that is not the case, okay?
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It is almost always bearish.
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But at a certain point, you sit here and we get bearish and we doom and we talk about AI deflation and we go all over the place, okay?
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We feel all types of ways, and you just watch the market refuse to flinch.
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And when it does flinch, it's a 1% dip into forced selling, seen and followed up by the most aggressive green slamming of the buy button you've ever seen.
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And at a certain point, we just think to ourselves, maybe it's gay to be a bear in 2026.
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It's always been gay, it's always been gay, but maybe it's really gay in 2026 because this damn market I feel just wants to go up, man.
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And so that brings us past our intro topics.
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It's time to talk about the market.
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Market close just happened 12 minutes ago.
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Intel smashed.
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Let's fucking go, guys.
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Let's the market is fun.
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So let us start with the indexes.
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Bing, bing, bing.
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Spy closes down 0.4% on the day.
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But man, it had an ugly couple candles there.
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It got as low as 7.02 on spy.
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It was scary for a minute.
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Okay, there were two announcements after a bullshit announcement last night that one, the parliament speaker for Iran, was taken hostage and captured by the IRGC, which was reported by none other than the Israeli News Network 12.
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Who, if you're an OG from the stream, you know all about the Israeli News Network 12.
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Who remembers Israeli News Network 12?
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I know you people do.
00:10:59.919 --> 00:11:05.919
And I made a tweet about it, and I was like, is Israeli News Network 12 really the source of truth here?
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But I just I said, you know what?
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I should probably not be doing this.
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And so I deleted it.
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And then it turns out to be fake, and then I can't co-tweet it and say how it was right.
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That was number one.
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And then number two is they reported that Iran air defense systems were going off.
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But allegedly there was like a at first they were like, I don't know, there was a parade of some sort, and then that was like no.
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And so then what actually happened, I think, is some drones flew through for undescribed reasons, and they went off.
00:11:36.480 --> 00:11:39.600
But apparently Israel came out immediately and was like, do not look at us.
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It was not us.
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And so market kind of came down, but oil is candling as we speak.
00:11:44.080 --> 00:11:45.039
But we'll get to oil in a minute.
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You know the drill, you know the order that we go.
00:11:46.559 --> 00:11:50.559
So spy was down a lot, and then just a fucking unreal bid, really.
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The X down 0.4, Korean stock markets up a percent, the Dow's down 0.3, NASDAQ down 0.5.
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And I this is a new one.
00:11:58.399 --> 00:12:00.639
Socks added it to the list.
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The semiconductor ETF is this thing.
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I mean, I don't even know what to tell you.
00:12:05.519 --> 00:12:07.360
From March 30 on, this thing's up 45%.
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And then IGV crushed down six percent.
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Just crushed.
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Crush, crush, crush.
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It's like that it's like software dashpocalypse number, I don't even know, 20 at this point.
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Uh moving on.
00:12:19.039 --> 00:12:21.279
Crypto looks ah, not bad.
00:12:21.440 --> 00:12:22.159
Bigs up 2%.
00:12:22.559 --> 00:12:24.639
Zcash with a nice day.
00:12:24.720 --> 00:12:27.519
You know, I like Zeke up about six percent.
00:12:27.679 --> 00:12:30.240
Makes the chart look reasonably decent here.
00:12:30.320 --> 00:12:32.320
There's not a ton of buy pressures you would like to see.
00:12:32.399 --> 00:12:38.000
Like, there isn't the volume that you would like, but it looks decent, and it got a Robin Hood listing, okay?
00:12:38.159 --> 00:12:39.039
Which is relevant.
00:12:39.200 --> 00:12:41.120
I mean, look, Hood's on the ball right now.
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You gotta give him credit.
00:12:42.240 --> 00:12:43.759
Bitcoin 77.8.
00:12:44.080 --> 00:12:45.840
I did buy a little bit on this.
00:12:46.000 --> 00:12:51.759
This I've been wanting an entry on some BTC leverage, and I I don't know.
00:12:52.080 --> 00:12:53.200
It was looking good.
00:12:53.279 --> 00:12:59.519
It got this candle down on this fake ass, fade ass, whack ass, lie ass, LARP ass announcement.
00:12:59.679 --> 00:13:01.039
And so I clicked a little bit.
00:13:01.200 --> 00:13:04.000
Unclear how long I'm gonna stay in it, but I wanted an entry for a while.
00:13:04.080 --> 00:13:07.360
And so I'm I'm in a little BTC long baby though, baby, baby, baby.
00:13:07.600 --> 00:13:14.320
Hyperliquid 41, XMR 373, BTC D is down back down 60, it's up a little bit.
00:13:14.480 --> 00:13:18.720
Stretch is still under a hundred, so nothing there.
00:13:19.039 --> 00:13:19.919
Let's just make sure.
00:13:20.000 --> 00:13:21.440
But okay, they bought half a bitcoin.
00:13:21.759 --> 00:13:22.559
Half a bitcoin.
00:13:23.039 --> 00:13:24.480
I bought more than that today.
00:13:25.039 --> 00:13:27.840
I bought more than that today.
00:13:28.159 --> 00:13:30.240
Gold down a percent, silver down three.
00:13:30.320 --> 00:13:32.080
This chart is pretty disgusting, actually.
00:13:32.320 --> 00:13:33.600
Silver chart is pretty gross.
00:13:34.080 --> 00:13:36.399
CL and Brent about four and a half percent.
00:13:36.559 --> 00:13:38.879
Pound tier got absolutely crushed.
00:13:39.120 --> 00:13:42.879
Okay, crushed, crushed, crushed, down seven percent.
00:13:42.960 --> 00:13:46.080
And then Lockheed, which is the PetexF index, down five.
00:13:46.320 --> 00:13:48.799
Raytheon and Northrop, not great.
00:13:49.200 --> 00:13:51.120
Fences down, chemicals all down a lot.
00:13:51.279 --> 00:13:52.159
Uh big tech.
00:13:52.399 --> 00:13:56.960
We know Intel crushed earnings, AMD is ripping up another three post-close.
00:13:57.279 --> 00:14:00.559
Apple flat, Google flat, and everything else is big red.
00:14:00.639 --> 00:14:02.240
Tesla had a really disgusting.
00:14:02.399 --> 00:14:03.600
Look at this Tesla chart.
00:14:04.799 --> 00:14:05.279
Look at this.
00:14:05.440 --> 00:14:06.639
I feel like it's cooked.
00:14:07.120 --> 00:14:11.120
Texas Instruments, like the calculator, I don't really know what they do.
00:14:11.519 --> 00:14:12.559
Had a crazy day.
00:14:12.720 --> 00:14:14.960
I don't really know what the announcement was for Texas Instruments.
00:14:15.440 --> 00:14:19.279
I ran the emit stock, looks really good.
00:14:19.519 --> 00:14:20.720
Up 7% today.
00:14:20.879 --> 00:14:32.639
Hymns had a pretty just uh day today because they announced a partnership with Eli Lilly and it retraced the whole move, which is I don't know, I feel like it lost its juice.
00:14:32.720 --> 00:14:33.519
I'm I'm not in it.
00:14:33.679 --> 00:14:40.000
Crypto stocks had crushed today, NST are down four, Coinbase down four, hood down almost six, FigMud down another 10%.
00:14:40.240 --> 00:14:41.840
I mean it's the worst stock of all time.
00:14:42.000 --> 00:14:47.360
And then the biggest one is car down 48% today.
00:14:47.600 --> 00:14:48.159
48.
00:14:48.480 --> 00:14:49.440
Look at this chart.
00:14:49.600 --> 00:14:55.519
It's now off the pico top wick to bottom wick of today's PA, down 76.
00:14:55.919 --> 00:14:57.759
Thankfully, we didn't pile into this one.
00:14:58.000 --> 00:14:59.519
What a day for car.
00:14:59.840 --> 00:15:00.559
Just disgusting.
00:15:00.720 --> 00:15:03.759
Bringing up the rear, crypto, um, Athena.
00:15:03.919 --> 00:15:04.240
Yeah.
00:15:04.399 --> 00:15:05.919
Lighter's like one of the biggest gainers.
00:15:06.000 --> 00:15:06.480
Look at the chart.
00:15:06.559 --> 00:15:08.320
This is one of the biggest gainers on my alts list.
00:15:08.559 --> 00:15:09.279
This is this is lighter.
00:15:09.519 --> 00:15:10.480
Layer zero, terrible.
00:15:10.639 --> 00:15:15.759
Pengu looks fine, but XMR looks fine, doge, terrible, tau, horrific.
00:15:15.919 --> 00:15:17.039
This is the type of chart.
00:15:17.120 --> 00:15:20.480
Let's just draw it for fun that goes like flat line, flat line.
00:15:20.639 --> 00:15:22.159
You just this is the chart you lose money.
00:15:22.320 --> 00:15:22.799
You lose a lot.
00:15:22.879 --> 00:15:24.399
I lose money on this chart always.
00:15:24.559 --> 00:15:26.960
Um, and then everything else here is nothing significant.
00:15:27.200 --> 00:15:28.799
Chip is fine.
00:15:29.120 --> 00:15:30.639
Uh, they're coming on in like 30 minutes.
00:15:31.039 --> 00:15:32.080
Yeah, this looks decent.
00:15:32.159 --> 00:15:33.200
I must say, this looks decent.
00:15:33.279 --> 00:15:39.200
It's still up a ton from where you could buy it post-TGE and is still an interesting, interesting token, uh, for sure.
00:15:39.440 --> 00:15:39.919
Interesting token.
00:15:40.159 --> 00:15:42.799
Monad, whatever, XPL, whatever, VVV, whatever.
00:15:43.039 --> 00:15:43.840
VVV week, actually.
00:15:43.919 --> 00:15:45.200
It's kind of putting this around at top.
00:15:45.440 --> 00:15:47.120
It looks like it needs to chill for a little bit.
00:15:47.279 --> 00:15:49.759
And Jupiter, also, whatever.
00:15:50.080 --> 00:15:52.000
So that is where we are at.
00:15:52.159 --> 00:15:53.519
You want to fundamental this market?
00:15:53.600 --> 00:15:53.919
Good luck.
00:15:54.080 --> 00:15:54.879
Then we get some Trump.
00:15:54.960 --> 00:15:59.120
The US has total control over the trade of horror moves, and it's sealed up tight until Iran makes a deal.
00:15:59.279 --> 00:16:01.759
Iran has said it would not negotiate with the US for the blockade.
00:16:02.000 --> 00:16:02.879
We're just going back and forth.
00:16:02.960 --> 00:16:06.159
You know, Iran is having a very hard time figuring out who their leader is.
00:16:06.320 --> 00:16:07.279
They just don't know.
00:16:07.440 --> 00:16:15.840
The infighting is between the hardliners who have been losing badly on the battlefield and the moderators who are not very moderate at all, but gaining respect is crazy.
00:16:16.000 --> 00:16:17.840
We have total control over the Strait of Hormuz.
00:16:18.000 --> 00:16:21.120
No ship can enter or leave without the approval of the United States Navy.
00:16:21.200 --> 00:16:27.039
It is, quote, once again, sealed up tight until such time as Iran is able to make a deal.
00:16:27.120 --> 00:16:31.919
Thank you for your attention to this matter, President Donald Trump.
00:16:32.080 --> 00:16:33.120
Then I have a couple more real quick.
00:16:33.200 --> 00:16:35.919
So Trump agrees to that no deal needed until he gets me once from Iran.
00:16:36.159 --> 00:16:40.960
Followed by, I've ordered the United States Navy to shoot and kill any boat, small boats though they may be.
00:16:41.120 --> 00:16:46.720
Their naval ships are all 159 of them at the bottom of the sea.
00:16:46.879 --> 00:16:50.559
That is putting mines in the waters of the Strait of Hormuz.
00:16:50.720 --> 00:16:52.399
There is to be no hesitation.
00:16:52.639 --> 00:16:56.159
Additionally, our minesweepers are clearing the strait right now.
00:16:56.559 --> 00:17:02.000
I am hereby ordering that any activity to continue, but at a tripled up level.
00:17:02.320 --> 00:17:07.039
Thank you for your attention to this matter, President Donald J.
00:17:07.279 --> 00:17:07.599
Trump.
00:17:07.759 --> 00:17:09.039
Okay, then bink.
00:17:09.279 --> 00:17:10.960
Here's where we get to some fuckery.
00:17:11.119 --> 00:17:11.440
Okay.
00:17:11.599 --> 00:17:24.799
So two announcements come out from none other than the Israeli News Network 12, which we know very well, who reported on a ceasefire that did not exist, that everybody loves and trusts in Israel.
00:17:24.960 --> 00:17:33.200
And so consider me a little bit shocked when I see an announcement that the parliament speaker of Iran is arrested by the IRGC.
00:17:33.359 --> 00:17:33.680
What?
00:17:33.839 --> 00:17:37.200
And so on that, well, what you think happens happens.
00:17:37.359 --> 00:17:38.720
Oil just starts fucking.
00:17:38.880 --> 00:17:43.759
I'm on a morning meeting and I'm just, it's just fucking, it's piss pistol whipping, ripping.
00:17:44.000 --> 00:17:59.759
Followed by an immediate level, uh, this open source intel, just in air defense systems were heard engaging suspected hostile targets over parts of Tehran on Tuesday after batteries were activated across the city, according to Iran's mayor news agency.
00:18:00.000 --> 00:18:13.039
Now, the problem here on both sides is immediately after these things are ripping, this comes out, and Iran journalists says the news that he's resigned or been arrested is completely false.
00:18:13.119 --> 00:18:19.759
Now, the problem with the air defense is that it is illegal to record video and to post it to Twitter from Iran.
00:18:19.920 --> 00:18:23.200
That is why uh Trini Annalist number three was so incredible.
00:18:23.359 --> 00:18:24.000
We don't really know.
00:18:24.079 --> 00:18:29.839
And so I'm seeing this and I'm like, bro, fade, fade, fade, fade, fade, fade, fade, fade, fade.
00:18:30.079 --> 00:18:31.839
Problem was nothing really dumped that much.
00:18:32.000 --> 00:18:33.359
So I didn't know what to buy.
00:18:33.440 --> 00:18:35.920
And so the PA that you saw was you saw this.
00:18:36.079 --> 00:18:37.279
Look at this spy.
00:18:37.440 --> 00:18:42.240
Just go fucking down how much on the announcement to bottom wick 1.2%.
00:18:42.559 --> 00:18:42.799
Okay.
00:18:42.880 --> 00:18:48.559
And now that might not seem like that much, but if you think about it, 1.2%, stock market never dumped 2% the entire war.
00:18:48.640 --> 00:18:53.039
And so if this is going on one point 1.2% and a green candle after just hitting a new-time high was pretty significant.
00:18:53.200 --> 00:18:58.319
Now it was followed by some of the most aggressive buying I've seen in I don't even know when.
00:18:58.559 --> 00:18:58.799
Okay.
00:18:59.119 --> 00:19:00.400
And there's a couple tweets about it.
00:19:00.480 --> 00:19:02.319
Like Tok says, not kidding.
00:19:02.480 --> 00:19:06.559
When watching that low time frame, the only thing comparable is mass crypto liquidations.
00:19:06.720 --> 00:19:08.799
And this was the indexes selling off 1%.
00:19:09.359 --> 00:19:11.680
The bid is fucking insanity.
00:19:11.839 --> 00:19:15.359
Followed by uh low time frame moves continue to be absolutely bonkers.
00:19:15.519 --> 00:19:18.240
Q's QQ's half a percent in a one-minute candle.
00:19:18.319 --> 00:19:21.039
The swings are ludicrous and the buying is outrageous on dips.
00:19:21.119 --> 00:19:23.519
Maybe we do just go up forever.
00:19:23.680 --> 00:19:29.279
And so at a certain point here, even the bears, I think you sort of have to look at the market for what it is.
00:19:29.440 --> 00:19:36.000
And it's a weird spot for me because I feel like I'm really late on the semis and the memory and a lot of these AI bottleneck trades.
00:19:36.079 --> 00:19:45.039
But what it does leave, and what I feel the the best analogy is for right now, is it feels like we've entered the daily runner phase of Solana on chain and stocks.
00:19:45.200 --> 00:19:57.519
It feels like we're in the daily runner phase where there is just this speculative hotball of money that is whipsawing around from thing to thing to thing to thing to thing.
00:19:57.599 --> 00:20:01.359
And there's a lot of money to be made following that hotball of money.
00:20:01.519 --> 00:20:04.079
And so it ended in crypto pretty badly, right?
00:20:04.160 --> 00:20:07.440
If you remember Daily Runners, like the peak daily runner was probably what?
00:20:07.680 --> 00:20:27.039
It was probably Jelly Jelly, it was probably HyperFi, it was Vine, yeah, believe, Dupe, CLED, all the believe coins, jailstool, yeah, scork, not peanut, but Ghibli, the retard finder, useless.
00:20:27.200 --> 00:20:31.279
There was a lot of them, and they all went to 100 mil plus, and there was a lot of wealth generated.
00:20:31.519 --> 00:20:34.240
The reason it stopped, in my opinion, was twofold.
00:20:34.319 --> 00:20:43.920
One, nobody wanted these fucking tokens, and two, there was an ever diminishing hop all the money, speculating and whipsawing around because the majors stopped going up.
00:20:44.079 --> 00:20:50.400
Okay, you had boring BTC and cuck ETH, cuck little bitch cuck ETH that just sucked.
00:20:50.480 --> 00:20:52.480
And then you had Solana, which don't even get me started.
00:20:52.559 --> 00:21:01.599
And so people would make money on these coins and then they would rotate them into majors, or they would hold them in majors, and they would just like down and like down and like down or be flat, flat, flat, flat, flat.
00:21:01.680 --> 00:21:03.440
So then we just ran out of money and we just stopped.
00:21:03.599 --> 00:21:16.640
Now, the hop all the money daily runner thing is not ideal, but the difference in the stock market is that you have this passive, what seems to be infinite twap happening right now in front of our face, and then you have uh AGI, uh AGI, AGI.
00:21:16.799 --> 00:21:21.519
It feels like it can go on for a while, harder than you think, longer than you think, higher than you think.
00:21:21.599 --> 00:21:22.559
It very much, I don't know.
00:21:22.640 --> 00:21:23.680
Uh, what do you think of the analogy?
00:21:23.759 --> 00:21:24.960
It feels like the daily runner era.
00:21:25.119 --> 00:21:32.559
It does, it feels like the daily runner era in stocks to me right now on things like hymns, on texture instruments, on car, on a lot of these names.
00:21:32.640 --> 00:21:38.480
And I like that because I can sit spot BTC and then we can rip into these names.
00:21:38.559 --> 00:21:53.920
And so the way I've been trading, the way I trade hymns, the way I trade chip, the way I traded Tao, the way I've been trading some of these names that I'm like, okay, this is totally like Daily Runner esque mega church, whatever you want to call it, is size early and aggressive on Momentum Green, and then get the fuck out when the thing gets weak.
00:21:54.000 --> 00:21:57.599
All right, there's a couple tweets I want to read you because we got them coming on very uh shortly.
00:21:57.839 --> 00:21:59.839
Number a couple ones on this on this daily runner thing, real quick.
00:22:00.240 --> 00:22:03.839
Suspended cap who's friend of the stream, guest of the stream, not a mutual follow, but a friend of the stream.
00:22:03.920 --> 00:22:07.200
Short-term speculation would be less rampant if it didn't work, and that is the truth.
00:22:07.359 --> 00:22:07.920
Agreed.
00:22:08.079 --> 00:22:10.960
Second, tar-fi is just AI and memes like crypto was a year ago.
00:22:11.039 --> 00:22:12.160
Crypto's related to everything.
00:22:12.319 --> 00:22:15.119
Third, uh, a couple takes here is like number one.
00:22:15.200 --> 00:22:17.119
I like this Pantoshi tweet a lot.
00:22:17.359 --> 00:22:27.119
I think this uh a lot of what we're seeing today still stems from COVID and the animal spirits that created an entire world to be locked inside with stimmies and nothing else to do, and we're gonna see insane boom and bust cycles inside of AI.
00:22:27.279 --> 00:22:28.640
This fires me up.
00:22:28.720 --> 00:22:30.319
I love trading boom bus cycles.
00:22:30.400 --> 00:22:31.440
I love this shit.
00:22:31.680 --> 00:22:36.240
The wealth that has been created from the AI boom in the last year for those who have bet on it has just gone parabolic.
00:22:36.400 --> 00:22:40.559
I think in general that will continue for years to come, but with added volatility and short boom bus cycles.
00:22:40.640 --> 00:22:41.759
But in the end, the believers will win.
00:22:41.920 --> 00:22:49.039
Seeing entire indexes like these be up three, two, three, four X in a year is insane because inside that, you know, individual stocks are up 100 X's in many cases.
00:22:49.200 --> 00:22:52.799
Then you have the rise of prediction markets, sports gambling, online casinos, or something for everyone.
00:22:52.960 --> 00:22:58.720
Have said repeatedly, I feel the future here is bright, and I think for risk takers looking at new and emerging tech continue to win.
00:22:58.880 --> 00:23:02.960
Hard to imagine all the exciting things that are going to come out of this that we didn't have the capability to build up before.
00:23:03.119 --> 00:23:06.720
In so many sectors, defense, energy, robotics, AI, probably anything else you can think of.
00:23:06.799 --> 00:23:16.079
The one counter here, the one problem with this, like narrative violation to if you bet on the AI trade is the best performing AI trade you couldn't fucking bet on, bro.
00:23:16.240 --> 00:23:18.799
And we call that the art of exit liquidity.
00:23:19.279 --> 00:23:24.400
We call that introducing USVC, a single basket of high growth venture capital for everyone.
00:23:24.640 --> 00:23:33.119
No accreditation required, SCC registered in a very low$500 minimum, includes open AI, Anthropic, XAI, Sierra, Cruz, Lagora, Versal.
00:23:33.440 --> 00:23:36.240
And so Naval's like, all right, I'm a hero.
00:23:36.319 --> 00:23:39.359
I'm gonna democratize access to pre-IPO companies.
00:23:39.440 --> 00:23:42.079
Here's SpaceX at 1.5 trillion.
00:23:42.240 --> 00:23:44.559
And it's like, bro, what the fuck are you talking about?
00:23:44.720 --> 00:23:45.759
1.5 trillion.
00:23:45.839 --> 00:23:47.359
What am I gonna do with that?
00:23:47.440 --> 00:23:55.119
And so the narrative violation to this is that yes, there has been a lot of wealth generated in AI, right?
00:23:55.200 --> 00:24:01.519
You've had the semis trade, you've had the memory trade, you had Sandis, the Intels of the world, the AMDs of the world, the Nvidia's of the world, Amazon, the Googs has done well.
00:24:01.599 --> 00:24:09.359
Like a lot of this is done very well, but at the same time, the best performers anthropic to trillions in a couple years, no one had any exposure to none.
00:24:09.599 --> 00:24:10.720
But yeah, I hate this.
00:24:10.799 --> 00:24:11.599
I think this sucks.
00:24:11.759 --> 00:24:12.640
This fucking sucks.
00:24:12.799 --> 00:24:18.960
The best take on this is underappreciated that a generation crypto speed ran every finance game.
00:24:19.039 --> 00:24:21.759
It can now pattern match against all the trad fi shenanigans.
00:24:21.839 --> 00:24:23.200
I I talk about it every day.
00:24:23.359 --> 00:24:24.960
It comes true more and more often.
00:24:25.200 --> 00:24:27.599
Call it the crypto education, brother.
00:24:27.759 --> 00:24:29.759
It's the most valuable degree in the world.
00:24:30.000 --> 00:24:32.000
You know how the world everything is crypto.
00:24:32.240 --> 00:24:42.000
We've speed ran every cycle, every boom, every hype, every bubble, every everything, every crash, every rotation, every evolution you could ever imagine.
00:24:42.079 --> 00:24:44.400
We've already done it, I've already lived it, I've already seen it.
00:24:44.480 --> 00:24:46.000
They call it the crypto education.
00:24:46.240 --> 00:24:51.759
There's nothing trad, there's no financial game TradFi could show you where you're like, this is foreign.
00:24:51.839 --> 00:24:52.880
I don't get how this works.
00:24:52.960 --> 00:24:55.359
It's like, no, I've traded this nine times.
00:24:55.519 --> 00:25:00.640
I got killed on it twice, made money on it once, and the other seven and just watched it go to zero and avoided it.
00:25:00.799 --> 00:25:02.079
It's like we've done it all.
00:25:02.240 --> 00:25:05.519
But here's another take on it is like, no, no, no, TradFi doesn't work like crypto.
00:25:05.599 --> 00:25:10.880
Crypto works like TradFi, except it's transparent, so we can actually see the scams and games and build mental models on them.
00:25:10.960 --> 00:25:17.519
Unsurprisingly, crypto mental models work on TradFi because while TradFi have been running these games on retail for a long, long, long time behind closed doors.
00:25:17.680 --> 00:25:19.279
And so, yeah, I I hate this.
00:25:19.359 --> 00:25:20.160
I think this is bad.
00:25:20.319 --> 00:25:24.240
This is not this is uh this is narrative violation to we're gonna go up only.
00:25:24.480 --> 00:25:29.839
Here is access to pre-IPO companies, except it's at 1.5 trillion, and I'm already up 30x.
00:25:30.000 --> 00:25:32.480
Buy my bags up 30x in a private market.
00:25:32.559 --> 00:25:34.559
It's like all right, and then a couple more.
00:25:34.880 --> 00:25:40.240
So Chumba, if you are a ball knower, wrote the Citrini article before Citrini.
00:25:40.400 --> 00:25:43.200
It was called You Are Going to Fucking Die, I believe was the title.
00:25:43.279 --> 00:25:44.319
You're gonna fucking die.
00:25:44.480 --> 00:25:50.079
And it was basically the AI deflation thesis before Citrini with the article.
00:25:50.319 --> 00:25:54.240
And he's referencing this, and he says, Looks like my article doesn't look so great anymore.
00:25:54.400 --> 00:25:57.759
Two things that I'm real-time adjusting in my thinking.
00:25:57.920 --> 00:26:06.799
One AI's impact on labor appears to be more of a hiring free stagnation rather than mass layoffs in the immediate term, which kind of eliminates the near-term impact to flows.
00:26:06.880 --> 00:26:09.519
I'm not sure I entirely agree with that.
00:26:09.599 --> 00:26:12.960
I mean, we just had this meta just laid off 10% of its employees.
00:26:13.119 --> 00:26:21.279
So that's you know, two Warsh, Kevin Warsh, new Fed chair coming in very soon, does seem bearish on balance sheet, which people are complacent on.
00:26:21.359 --> 00:26:28.319
But I'm starting to think that they A do deregulation first over the next two years and then B reduce balance sheet post-2028 election, dump on the Dems.
00:26:28.400 --> 00:26:30.880
Instead of being a dirty bear while indices soared at all-time highs.
00:26:30.960 --> 00:26:34.400
Let's consider what happens if everything goes right and we are in the midst of the singularity.
00:26:34.559 --> 00:26:37.920
The bull case for the Qs earnings go up 50% from now to December 28.
00:26:38.079 --> 00:26:39.279
Multiples expand by 50%.
00:26:39.680 --> 00:26:44.160
Mike Green's thesis suggests multiples with two to three X over the next few years because of passive.
00:26:44.799 --> 00:26:48.240
This would equal$1,500 QQQ.
00:26:48.400 --> 00:26:57.599
So you have a blow off in the passive bubble, the greatest technology in the history of mankind hitting its S-curve, and a president who literally does not allow the stock market to go down 1999.
00:26:57.839 --> 00:26:59.200
I don't know what else to say.
00:26:59.279 --> 00:27:03.039
I mean, uh on this exactly, is I am excited about the market right now.
00:27:03.119 --> 00:27:09.200
I think, I think at the very least, even if we are late, late, late stage, I don't hold a lot of spot on anything except for BTC.
00:27:09.359 --> 00:27:13.519
And so I'm the most excited right now about how do I repeat this trade?
00:27:13.680 --> 00:27:17.680
How do I repeat this bigger and better and with a lot more money?
00:27:17.839 --> 00:27:25.839
I said new AI coin that's getting flows that I don't even know what it does, and it's getting flows, and it has stable coin in the name as well.
00:27:26.160 --> 00:27:29.039
Give me a bunch of those on 5x leverage and size.
00:27:29.119 --> 00:27:31.920
Give me give me those, and I'm gonna go to bed on it with no stop loss.
00:27:32.079 --> 00:27:37.279
And boom, part two for David part four, baby, for Mr.
00:27:37.440 --> 00:27:38.079
Alexander.
00:27:38.160 --> 00:27:38.799
How are you guys?
00:27:38.880 --> 00:27:39.680
Welcome, welcome back.
00:27:39.839 --> 00:27:41.599
Alex, this incredible view there, man.
00:27:41.680 --> 00:27:43.519
That's fucking I'm getting view moged, dude.
00:27:43.599 --> 00:27:46.160
I have this new lighting setup, I'm getting view mogged right now.
00:27:46.240 --> 00:27:47.200
It's insane.
00:27:47.599 --> 00:27:50.400
I feel like it's just like you're you're like that.
00:27:52.240 --> 00:27:53.279
This apartment, you know?
00:27:53.359 --> 00:27:56.319
It's sort of just a different setting in the same uh same location.
00:27:56.480 --> 00:27:57.200
Yeah, there we go.
00:27:57.359 --> 00:27:59.759
Um, dude, it's good to see see both of you here.
00:27:59.920 --> 00:28:05.039
Um, I mean, first and foremost, David, you were on what, maybe in October, November.
00:28:05.839 --> 00:28:07.440
Uh you first came on, I first met you.
00:28:07.519 --> 00:28:08.799
I thought what you're doing was really interesting.
00:28:08.960 --> 00:28:13.039
The whole USDI uh AI concept was was pretty wild.
00:28:13.279 --> 00:28:18.000
And after that, a lot of smart people, Tyche, Alex Good, a lot of people were telling me about it.
00:28:18.079 --> 00:28:30.960
And then you just had TGE, you just launched TGE on chip, which is I mean, look, I got kind of excited about it because it's like first hyped crypto TG since I don't know, Aster that didn't go down in a straight red line yet.
00:28:31.119 --> 00:28:43.039
I'd have you know it's only been like a day, two days, but did not go down in a straight red line is pretty exciting, and there were some pretty cool crypto names, good Alexander good being one of them that were excited about it.
00:28:43.119 --> 00:28:44.640
So congratulations on the launch.
00:28:44.799 --> 00:28:46.079
Do you want to start with?
00:28:46.160 --> 00:28:54.319
I think there's like a most people here have some context, but give us like a high level on what you're working on, what you just launched, and then we can get into some of the fun stuff.
00:28:54.559 --> 00:29:01.359
I guess for those that weren't listening last time, um, we're effectively trying to solve a a capital issue that AI has.
00:29:01.440 --> 00:29:09.039
So AI, I mean, you see yourself with the with Claude getting like kneecapped every time you try to use it because it's not enough compute, you know?
00:29:09.279 --> 00:29:13.440
Um and open AI seems to have caught up in terms of quality.
00:29:13.519 --> 00:29:21.759
Um, and uh, even though they have this mythos thing kind of in the back, it's because they kind of knew in the very beginning, like it's of course you can have better and better models.
00:29:22.000 --> 00:29:24.640
At the end of the day, it's gonna be access to how much compute that you have.
00:29:24.799 --> 00:29:26.720
Because you'll never have enough compute.
00:29:26.880 --> 00:29:29.119
Um, and people might say it's a power issue.
00:29:29.279 --> 00:29:36.000
People might say yada yada is like quality of the LLM, but really it's just gonna be like how many black wells do you have access to.
00:29:36.240 --> 00:29:41.279
Um and that's kind of why you you're seeing this flip as of like literally this week.
00:29:41.519 --> 00:29:52.720
Um, and the problem we solve is like we're trying to figure out how to enable this abundance by having chips easily um accessible by not necessarily just open AIs of the world, but anyone who wants to buy the chip.
00:29:52.880 --> 00:29:55.200
Um, it's kind of like a mortgage but for GPUs.
00:29:55.359 --> 00:29:58.000
Um, and we solve this by using stable coins.
00:29:58.079 --> 00:30:03.839
So using stable coins to finance um this wave of um capex build out.
00:30:04.000 --> 00:30:09.599
Um, because I think a lot of people kind of like overlook the fact that T-bills are like the world's fastest buyers.
00:30:09.759 --> 00:30:12.799
I mean, stable coins are the fastest buyers of T-bills in the world.
00:30:13.039 --> 00:30:13.680
Uh yeah.
00:30:13.839 --> 00:30:24.160
And right now, one of the biggest spends in the US economy today, literally, if you weren't we weren't spending this money on AI Capex, our GDP would be negative three, negative four percent of growth.
00:30:24.319 --> 00:30:28.160
Um, it's just like is that that big of an effect on the US economy?
00:30:28.400 --> 00:30:33.599
Um that should be finding us with the fastest horse, which I believe is stable coins.
00:30:33.759 --> 00:30:35.759
Um and that's why we build USD AI.
00:30:35.920 --> 00:30:38.000
It's like, how do you you have two mega trends?
00:30:38.079 --> 00:30:45.759
One is, of course, the capital formation of stable coins, and secondly, the AI capex spend in the US, um, which it's gonna be like trillion to trillion dollars.
00:30:45.839 --> 00:30:54.000
If you if you like some the last 10 years of infrastructure spend, oil, highways, whatever, one year of AI CapEx is more than all of that.
00:30:54.160 --> 00:30:59.039
Um so it's just like the amount the amount of money we're spending, like it's just infeasible.
00:30:59.119 --> 00:31:02.000
Like uh I used this metaphor last time with um on this call.
00:31:02.160 --> 00:31:08.559
It's like if you were to have visualize the Las Vegas sphere, the most expensive stadium ever, if you did 30 of these, right?
00:31:08.720 --> 00:31:10.000
That's one data center.
00:31:10.160 --> 00:31:12.640
Um, so just so much fucking money kind of being put.
00:31:13.039 --> 00:31:13.599
Is that true?
00:31:13.759 --> 00:31:21.839
It's yeah, because it's like, I mean, one one gigawatt is like 50 billion dollars, and then that build outs like two or three.
00:31:22.000 --> 00:31:30.720
Um, so just have and you have these being built around the world, like 50 hundreds of these every single like Project Hail Mary is being like literally done.
00:31:30.880 --> 00:31:35.519
If you've seen the movie, but instead of trying to save humanity, you're trying to actually just have the best model.
00:31:35.759 --> 00:31:38.240
Um just an insane amount of spent.
00:31:38.319 --> 00:31:41.440
Um, it's like the most we've ever spent since like the build out of China.
00:31:41.599 --> 00:31:48.960
Um, but it's hard to see because you see like people complaining about data centers, but I'm like, I don't think people actually realize the hyper object of this.
00:31:49.279 --> 00:31:52.240
30 sphere build-outs for one data center is nuts.
00:31:52.480 --> 00:31:55.440
Um, Alex, by the way, why are you like moging me right now?
00:31:55.599 --> 00:31:56.160
Like what?
00:31:56.240 --> 00:31:57.839
Like, I don't know, you look fresh last time.
00:31:58.079 --> 00:31:58.640
What is it?
00:31:58.799 --> 00:32:04.400
People, people were people were trying, you know, people kept, you know, they were commenting on my background.
00:32:04.559 --> 00:32:06.480
They're like, you gotta leave your room.
00:32:06.559 --> 00:32:14.720
And I'm like, I don't want to leave my room because you know, you don't want to see what's behind me in real life because you'll feel bad about your location.
00:32:14.880 --> 00:32:21.440
So now now now that we're in the mogging era, I just thought it was appropriate to just uh you know reveal, reveal the state.
00:32:21.680 --> 00:32:26.240
I mean, it's gotta be the double jaw or I haven't pinpointed it yet, but I'm talking to Rasm in the background.
00:32:26.319 --> 00:32:27.440
We'll figure out what it is.
00:32:27.599 --> 00:32:31.279
But give me like a primer as well before we get into some of the details.
00:32:31.519 --> 00:32:35.119
You're I mean, you're definitely one of my high signal proxies for AI stuff.
00:32:35.200 --> 00:32:40.000
If you say something about AI, I generally at least pay attention to what you're talking about, maybe except for the baba lung.
00:32:40.240 --> 00:32:41.839
But in general, I do.
00:32:42.319 --> 00:32:47.039
And you were pretty excited and have been excited about USD chip, the whole ecosystem.
00:32:47.279 --> 00:32:52.319
Like, it talk, yeah, explain that to me, like why you're I mean, why you're here and why you're excited about it.
00:32:52.559 --> 00:32:57.680
David and I have lived, we're neighbors and we've we've been neighbors since 2021.
00:32:57.839 --> 00:32:58.240
Whoa.
00:32:58.480 --> 00:33:17.680
And uh so we are I've been super in it, like, you know, ever since David originally was a financing platform, a blockchain-based financing platform uh for NFTs, and he built this really elaborate, you know, credit mechanism for like the worst credit in the world, which is basically guys borrowing other people's you know profile pictures on the internet.
00:33:17.839 --> 00:33:22.160
It's like like it's like it's like the guy, like the exact dude you don't want to lend to.
00:33:22.319 --> 00:33:24.960
So he built like a really good system for that.
00:33:25.440 --> 00:33:46.720
And when Nvidia started talking about this whole sovereign AI thing, um, you know, what what you might just at a very high level realize is that the holders of Tether, like the UAE, Malaysia, like these sort of like international jurisdictions that are mostly the stablecoin holders, are also extreme investors in data centers, right?
00:33:46.799 --> 00:33:51.039
And they're extreme investors in NVIDIA graphics chips specifically.
00:33:51.200 --> 00:33:56.559
Um, and then like this is like the perfect crypto financing use case, right?
00:33:56.720 --> 00:33:58.799
Because it's like weird credit.
00:33:58.960 --> 00:34:08.880
Um, there's warehousing issues, it's a completely new category uh that that like like you can invent, you know, a lot of the for example Canton network is a very hot coin.
00:34:09.440 --> 00:34:12.400
Um, and it's like, okay, that's the old economy.
00:34:12.559 --> 00:34:16.239
That's like, you know, trading Coca-Cola fixed income on a blockchain.
00:34:16.480 --> 00:34:26.320
There are a lot of dudes who are trading Coca-Cola fixed income without a blockchain, and you're kind of like, well, anon, like, check out this like cool new private network, and they're like, How much can I farm?
00:34:26.559 --> 00:34:33.679
Whereas with USDAI, it's more like, okay, like nobody really knows how to finance graphics cards right now.
00:34:33.760 --> 00:34:43.119
Like, like, like actually, like before David showed up on the scene, a lot of this was done via private credit and just really like unsecured uh lending.
00:34:43.679 --> 00:34:48.960
And uh what's kind of novel or what got me excited was like, look, like these are warehouses.
00:34:49.199 --> 00:34:54.800
Uh, you know, previously, back when I worked at Palantir, I used to work in like a trade financing.
00:34:54.880 --> 00:35:04.639
Like I'd study uh basically, you know, standard chartered and receivables and credit and trade financing, which is one of the biggest forms of financing in the world.
00:35:04.880 --> 00:35:09.440
And GPUs are actually like firmly warehouse-based credit products.
00:35:09.679 --> 00:35:12.880
And so I'm like, okay, like has all the this checks all the boxes.
00:35:12.960 --> 00:35:14.320
It's a new category.
00:35:14.480 --> 00:35:21.760
It's got an asset backed security element, which is superior to the current market's treatment of the asset via private credit.
00:35:21.840 --> 00:35:27.039
Uh, the existing holders align with like you know, the tether holder base right now.
00:35:27.440 --> 00:35:31.920
And um, you know, I counseled David like back, I think we're in a sauna.
00:35:32.159 --> 00:35:36.880
Like, he's like, I'm thinking of pivoting into AI, and I'm like, yeah, like you should absolutely do that.
00:35:37.039 --> 00:35:51.440
I mean, obviously, like I was like younger and happier, and like, you know, I was like things things were things were like you know, very like optimistic, but I think as we've evolved in the market, now it's just like shit's real, like everything is no longer a meme.
00:35:51.599 --> 00:35:53.440
All these things are actually happening.
00:35:53.760 --> 00:35:59.920
Um David, can you explain to me why my uh it feels like the models are getting worse, by the way?
00:36:00.079 --> 00:36:00.800
Do you have a take on this?
00:36:00.880 --> 00:36:02.400
You talked you mentioned it briefly at the beginning.
00:36:02.480 --> 00:36:06.559
Why is uh my claw so horrific now?
00:36:06.960 --> 00:36:10.719
Like what is happening with these models just getting worse, seemingly getting worse?
00:36:11.199 --> 00:36:14.320
I mean, it they they even say it to you, they're rate limiting you.
00:36:14.480 --> 00:36:29.599
Uh they they rate limit you and then they it's kind of like the it's kind of like uh Big Mac over the years, like they slowly add in all these excuses why it's getting worse when they're just trying to just survive with the fact that there's just too much demand and um uh not enough compute.
00:36:29.679 --> 00:36:40.000
Um it's entirely, I mean, if you know there's there's a constraint resource and it's just access to how much um tokens they can generate and uh how much compute they have access to.
00:36:40.159 --> 00:36:44.559
Um they saw the users grow like this, but then their compute is only growing like this.
00:36:44.719 --> 00:36:49.679
Um you see this with the pricing of um with uh with GPUs as well.
00:36:49.840 --> 00:36:52.800
Like uh this uh installations are getting slower.
00:36:52.960 --> 00:37:06.639
Um there's the helium thing with hormous, like you have all the you have a bunch of supply shocks, and what happens is that installations are stale, they're slow, and then demand is higher, so the equilibrium is fucked.
00:37:06.880 --> 00:37:09.440
Um, just don't have enough compute.
00:37:09.519 --> 00:37:12.559
Um, we're in a compute strained environment, the scarcity is real.
00:37:12.800 --> 00:37:19.840
Um if we had infinite compute, then you would have everyone would have a very good model, but um they're growing too fast.
00:37:20.079 --> 00:37:27.119
Um technically, I like as much as much hate as open AI got, um, investing in compute was the right move.
00:37:27.440 --> 00:37:31.760
It was it they knew very well that that was gonna be the constraint in the future.
00:37:32.800 --> 00:37:37.440
I feel like there's a uh open AI vibe shift happening like aggressively.
00:37:38.320 --> 00:37:38.880
Yeah.
00:37:39.199 --> 00:37:47.440
Yeah, I mean um even in uh for a lot of Chinese models, like there there are a lot of GPUs being built out in Asia too.
00:37:47.599 --> 00:37:49.440
Um so they're getting a little better.
00:37:49.599 --> 00:37:52.960
Um, but we are in a constra a computers constrained environment.
00:37:53.119 --> 00:38:01.840
Um I mean, speaking of sovereignties, like Alex is saying, like eventually like they'll just people will be net importers and next net net exporters of tokens.
00:38:01.920 --> 00:38:04.880
Um tokens meaning obviously related to AI and not crypto.
00:38:05.360 --> 00:38:12.960
Um and they're they're literally um developing the infrastructure to import or export how many tokens they can generate for each jurisdiction.
00:38:13.119 --> 00:38:15.440
Um so it's it's becomes a sovereignty thing.
00:38:15.519 --> 00:38:20.480
Um, and uh I guess more toward like what what is the purpose of AI in the future?
00:38:20.559 --> 00:38:27.760
Like obviously we have Petrodollar, and this was extremely evident of like what I think is a manufactured crisis that we made in the Strait of Hormuz.
00:38:27.920 --> 00:38:29.920
We just, yeah, we just take on a military and see what happens.
00:38:30.079 --> 00:38:31.440
Of course, they'll go to US.
00:38:31.599 --> 00:38:42.159
Um but um just to reinforce that the the you know the petro is still like the world's top concerns, whether it's like perfuse in Asia, um, because they don't have access to oil.
00:38:42.320 --> 00:38:55.119
Um but in the future, like having proper AI mechan um AI for your citizens, it's gonna determine the efficiency of your nation national well-being.
00:38:55.280 --> 00:39:01.360
Meaning, like if you don't have AI versus a country that does have AI, um you're gonna fall so far behind.
00:39:01.519 --> 00:39:04.079
You're like a backwater country if you don't have it.
00:39:04.159 --> 00:39:08.400
Um you explain uh petrodollar but the token dollar thesis.
00:39:09.280 --> 00:39:12.880
Um yeah, I guess I guess it's more AI dollar, uh compute dollar.
00:39:13.199 --> 00:39:13.360
Yeah.
00:39:13.519 --> 00:39:23.840
Um, but um, I mean it it just like I mean, this was like uh what happened in the 1970s, um, obviously moving off the gold standard.
00:39:23.920 --> 00:39:25.360
Um they wanted to ease credit.
00:39:25.440 --> 00:39:35.360
Um this I'll try to explain this as high level as possible because once you ease credit, then you can uh um you can really start like enabling ownership of different things, whether it's houses, right?
00:39:35.440 --> 00:39:47.280
Um, whether it's like um credit cards and uh and other things, because you can actually have um some elastic control over like um how credit expands in your in your country, um, in your currency.
00:39:47.599 --> 00:39:57.760
But this the most important thing of what makes a reserve dollar globally is like if you control the most important resource that determines your ability to grow as a nation.
00:39:57.840 --> 00:39:58.960
Um, that was oil.
00:39:59.039 --> 00:40:04.320
Um, this is why it was like a it's kind of like a techno like futurist um nation in the 70s.
00:40:04.400 --> 00:40:05.840
Like you had to control oil.
00:40:06.159 --> 00:40:14.559
Like just compare a citizen in China that didn't have oil versus a guy who has a car and can and like else has heating and else has factories and everything like that.
00:40:14.719 --> 00:40:23.760
Well, oil was literally the determinant of what made a nation survive at the current moment in time, and what made a citizen fall behind for the next 20 years, 30 years.
00:40:24.239 --> 00:40:25.519
Thank you so much for coming on.
00:40:25.760 --> 00:40:26.719
Alex was awesome.
00:40:26.800 --> 00:40:27.360
You were incredible.
00:40:27.440 --> 00:40:34.400
Congratulations on the launch and a successful, at least up to this point, a successful one up until this point.
00:40:35.039 --> 00:40:38.320
And I am looking forward to what you guys do.
00:40:38.400 --> 00:40:45.599
I mean, it's about time we have some fucking some talent, some sauce, some excitement in the crypto hierarchy, if you will.
00:40:45.840 --> 00:40:48.320
So maybe until part three, Mr.
00:40:48.400 --> 00:40:49.679
David, it's an absolute pleasure, man.
00:40:49.760 --> 00:40:50.320
Thanks for coming on.
00:40:50.400 --> 00:40:50.960
Thanks for your time.
00:40:51.519 --> 00:40:52.159
Thanks for having me on.
00:40:52.639 --> 00:40:53.119
All right, brother.
00:40:53.199 --> 00:40:53.679
Have a good one.
00:40:53.840 --> 00:40:54.239
Peace.
00:40:54.320 --> 00:40:55.760
I'm not gonna lie, that was Jenny.
00:40:55.840 --> 00:41:00.000
Alex is a lunatic, and the the uh USD AI thing is really cool.
00:41:00.239 --> 00:41:01.760
Alex is Jenny, bro.
00:41:01.920 --> 00:41:04.800
He just has like, I mean, it's hard to refute.
00:41:05.280 --> 00:41:06.400
Yeah, that's all I got.
00:41:11.119 --> 00:41:11.760
Have a great rest of day.
00:41:11.840 --> 00:41:13.039
I'm live every day at 3 30 p.m.
00:41:13.119 --> 00:41:13.440
EST.
00:41:13.519 --> 00:41:18.400
It's really like 3 45, but more like 342, like 339, give or take.
00:41:18.480 --> 00:41:22.079
Somewhere in that ballpark, never 330, never 345, but somewhere in between.
00:41:22.400 --> 00:41:23.519
I will catch you when I catch you.
00:41:23.599 --> 00:41:24.239
I'll see you when I see you.
00:41:24.320 --> 00:41:24.800
Have a great rest of the day.
00:41:24.880 --> 00:41:24.960
Let me.
00:00:00.080 --> 00:00:00.959
Out of 10, what do you think?
00:00:01.120 --> 00:00:01.520
Be honest.
00:00:01.600 --> 00:00:03.520
I'm trying to figure it out for myself.
00:00:03.759 --> 00:00:04.639
It's a new thing.
00:00:04.799 --> 00:00:05.519
It's a new look.
00:00:05.599 --> 00:00:06.959
I don't really what do y'all think?
00:00:07.120 --> 00:00:07.519
Be honest.
00:00:07.599 --> 00:00:09.199
Give me a give me like a rating out of 10.
00:00:09.279 --> 00:00:13.039
Give me like a like a Chad is the top and like a subhuman's the bottom.
00:00:13.199 --> 00:00:14.080
I'm still getting used to it.
00:00:14.160 --> 00:00:17.679
I'm gonna be honest, but we got some new real cinematic shit going on.
00:00:17.760 --> 00:00:18.399
I'm not gonna lie.
00:00:18.879 --> 00:00:21.120
Welcome back to the fucking stream.
00:00:21.280 --> 00:00:22.000
I do need a haircut.
00:00:22.160 --> 00:00:22.800
I do need a haircut.
00:00:22.960 --> 00:00:23.600
I do need a haircut.
00:00:23.679 --> 00:00:25.120
It's so good to see your beautiful faces.
00:00:25.199 --> 00:00:26.640
It's a new day, new fuckery.
00:00:26.719 --> 00:00:28.480
We have a very special stream today.
00:00:28.879 --> 00:00:29.760
Every stream is a special stream.
00:00:29.839 --> 00:00:30.640
We have a lot to talk about.
00:00:30.719 --> 00:00:33.119
In about, I don't know, an hour and 10 minutes.
00:00:33.200 --> 00:00:40.479
We have good Alexander, the GOAT, and then uh David, the founder of Chip slash USD AI.
00:00:40.719 --> 00:00:42.399
Daily Jerker first chat.
00:00:42.479 --> 00:00:43.920
I'm stroking my shit right now.
00:00:44.000 --> 00:00:46.399
It's like none of you guys take nothing serious, man.
00:00:46.479 --> 00:00:47.119
We're at war.
00:00:47.200 --> 00:00:48.479
The market's at all time high.
00:00:48.560 --> 00:00:50.960
I have two legendary guests in here talking about stroking my shit.
00:00:51.039 --> 00:00:53.280
It's like that's why you that's why you're not gonna make it, bro.
00:00:53.359 --> 00:00:54.399
It's why you're not gonna make it.
00:00:54.479 --> 00:00:56.960
But on serious note, we have a sick, sick lineup today.
00:00:57.119 --> 00:00:59.200
Good Alexander and David coming at the same time.
00:00:59.359 --> 00:00:59.920
I'll be honest.
00:01:00.000 --> 00:01:07.200
I think good Alexander has been one of the most on the ball, on the money people as it relates to fuck it, they're climbing it, we're along.
00:01:07.439 --> 00:01:09.280
And so he's gonna have some really good takes.
00:01:09.519 --> 00:01:12.400
And David, I mean, look, you gotta give the guy props.
00:01:12.640 --> 00:01:14.480
I was going back in the archives and looking at it.
00:01:14.560 --> 00:01:17.200
Monad, did you know Monad TGE'd on 1010, brother?
00:01:17.439 --> 00:01:19.680
Monad TGE was on 1010.
00:01:19.920 --> 00:01:20.239
Okay.
00:01:20.560 --> 00:01:22.799
It was probably before, it was probably after.
00:01:22.879 --> 00:01:23.439
I don't even know.
00:01:23.519 --> 00:01:26.159
What was the last hype TGE that performed well?
00:01:26.319 --> 00:01:27.200
I don't even know.
00:01:27.439 --> 00:01:28.319
So we'll see.
00:01:28.400 --> 00:01:29.920
Um, today's gonna be a sick day, by the way.
00:01:30.000 --> 00:01:31.680
Right, I I gotta end stream on a hard stop.
00:01:31.760 --> 00:01:34.560
We're gonna go three hours hard and I'm gonna meet Hans Neiman, which is lit.
00:01:34.640 --> 00:01:37.040
I'm going to a little, a little private event.
00:01:37.120 --> 00:01:38.159
I'm wearing a full suit.
00:01:38.319 --> 00:01:38.879
Go meet this dude.
00:01:38.959 --> 00:01:41.920
So hopefully the IG takes a little level up with that.
00:01:42.000 --> 00:01:44.239
But all right, we have a guest coming on in an hour and 10.
00:01:44.480 --> 00:01:51.359
GBT 5.5 just launched, and we are in the middle of, I don't know, man, one of the craziest markets I've ever seen.
00:01:51.439 --> 00:01:52.319
I'm just gonna be honest.
00:01:52.400 --> 00:01:56.400
I I don't look, I haven't followed stocks that closely for that long, to be fair.
00:01:56.640 --> 00:02:00.799
But the bid right now in the stock market is ridiculous.
00:02:00.959 --> 00:02:14.879
Okay, what what I witnessed today back-to-back days last night and then today on fake headline or an underwhelming headline and then an absolute slam is insane.
00:02:15.039 --> 00:02:17.360
We're seeing fuckery after fuckery after fuckery.
00:02:17.439 --> 00:02:21.120
It's wild, it's nuts, it's hard to process, and I'm excited to talk about it.
00:02:21.199 --> 00:02:23.039
So, look, what do you all know about the French Revolution?
00:02:23.120 --> 00:02:25.840
Okay, I watched this YouTube video, we might start a history series.
00:02:26.000 --> 00:02:28.400
I learned about the French Revolution today, okay?
00:02:28.639 --> 00:02:35.039
And I don't know what y'all know about the French Revolution, but I'm gonna tell you what I know about the French Revolution, okay?
00:02:35.360 --> 00:02:37.840
Is France was going downhill, okay?
00:02:38.000 --> 00:02:42.479
Because France, okay, watch, France fights all these wars and they spread themselves really thin.
00:02:42.639 --> 00:02:50.479
And the last thing they do is King Louis on sort of a personal vendetta gives all the supplies and all of these resources to the United States of America.
00:02:50.719 --> 00:02:51.919
Win the Revolutionary War.
00:02:52.159 --> 00:02:57.360
But he cucked himself in helping the US win the Revolutionary War.
00:02:57.520 --> 00:03:00.240
Because it's the first instance of a new empire that doesn't have a king, okay?
00:03:00.319 --> 00:03:03.919
They have a democracy, and everyone's like, uh he kind of cucks himself, right?
00:03:04.080 --> 00:03:11.520
The Revolutionary War thing ends with the US, and everyone's sort of looking at France like, uh, you have no resources, and France is really broke, okay?
00:03:11.680 --> 00:03:14.800
And so the only thing they know what to do is raise taxes.
00:03:14.879 --> 00:03:15.599
That's all they know how to do.
00:03:15.680 --> 00:03:21.439
It's like, okay, fuck it, we gotta raise taxes because all of the taxes are being paid by like the bottom 80% of like peasants, basically.
00:03:21.599 --> 00:03:23.360
No one with any money is paying any taxes.
00:03:23.439 --> 00:03:29.599
Okay, so King Louis organizes this meeting, and he brings all of the lords together that have all this money.
00:03:29.759 --> 00:03:34.719
Here's what we're about to do is you guys are gonna start paying us a fuck ton of taxes.
00:03:34.879 --> 00:03:36.879
You're gonna pay France a fuck ton of taxes.
00:03:36.960 --> 00:03:37.680
That's what's gonna happen.
00:03:37.759 --> 00:03:38.960
We're gonna save France.
00:03:39.199 --> 00:03:43.759
And they said, uh actually, no the fuck we're not gonna pay you any taxes.
00:03:43.919 --> 00:03:47.919
And they rally all the peasants, and there's basically like an uprising in France, right?
00:03:48.000 --> 00:03:50.240
They say, Fuck that, we're in charge now.
00:03:50.479 --> 00:03:54.639
And so what happens when the new crowd gets in charge is nothing changes, right?
00:03:54.719 --> 00:04:00.080
Like the peasants are still paying all the taxes, France is still broke, and so what they do is they say, fuck it.
00:04:00.159 --> 00:04:02.400
We're gonna solve our money problem by printing money.
00:04:02.560 --> 00:04:04.000
Okay, it's like 1780.
00:04:04.319 --> 00:04:08.639
They start printing a fuck ton of money, and there's this big inflation scare, right?
00:04:08.800 --> 00:04:11.199
And so normal goods get really expensive.
00:04:11.520 --> 00:04:16.480
And bread, like for the the first example they gave was the price of bread gets like super, super expensive.
00:04:16.639 --> 00:04:21.199
So, what do you do when the currency is getting debased and becoming worthless and common goods are getting really expensive?
00:04:21.360 --> 00:04:23.680
Well, I don't know, obvious thought.
00:04:23.839 --> 00:04:27.839
Let's let's make it illegal to sell bread over a certain price.
00:04:28.000 --> 00:04:29.600
Let's put a price control.
00:04:29.759 --> 00:04:37.439
What the US talked about doing with oil recently, we talked about this with oil, Nixon did this in 70, 71, and France did this in like 1780.
00:04:37.519 --> 00:04:38.959
They put a price cap on bread.
00:04:39.199 --> 00:04:41.920
Well, what happens when you put a price cap on bread?
00:04:42.000 --> 00:04:49.519
Well, at a certain point, inflation gets so bad that it gets more expensive to produce a loaf of bread than it does to sell a loaf of bread.
00:04:49.600 --> 00:04:50.720
So they stop producing it.
00:04:50.879 --> 00:04:51.199
Okay.
00:04:51.439 --> 00:04:57.519
And so the people in charge in France basically go to the farmers and they start killing them, chopping people's heads off, killing them.
00:04:57.600 --> 00:04:59.439
They'll say, fuck it, we're gonna produce the bread.
00:04:59.519 --> 00:05:02.560
And so what happens when you start killing the farmers for not producing the bread?
00:05:02.720 --> 00:05:06.720
Well, everything else across the country gets extremely expensive, right?
00:05:06.879 --> 00:05:11.199
And so they rip price controls on all goods everywhere across the country.
00:05:11.439 --> 00:05:18.399
And what happens is countrywide, currency is worthless, nobody wants to work, nobody produces anything.
00:05:18.639 --> 00:05:35.839
And so as a result, they basically go and kill, like, I don't know, a hundred thousand people via a guillotine, bro, chopping people's heads off for not wanting to produce goods and not wanting to work all because all because price control on bread, brother.
00:05:36.000 --> 00:05:36.560
That's it.
00:05:36.800 --> 00:05:44.079
And so when the United States starts talking about we're gonna put a price cap on oil, I'm getting long risk.
00:05:44.240 --> 00:05:45.040
But that is what it is.
00:05:45.199 --> 00:05:49.519
Market closes in one minute, and it was absolutely a ridiculous market.
00:05:49.839 --> 00:05:53.040
Couple intro things, and then we'll go over market close.
00:05:53.199 --> 00:05:54.480
Number one is this is crazy.
00:05:54.560 --> 00:05:56.319
Lock this is a Lockheed Martin chart.
00:05:56.480 --> 00:06:01.759
This is what Pete Hegseth tried to insider trade right before the war started.
00:06:01.839 --> 00:06:12.240
He tried to get leverage ETF on this niche triple lever defense ETF that I think was some combination, but not limited to Lockheed, Raytheon, and maybe a little bit of Palantir.
00:06:12.480 --> 00:06:14.480
Secretary of War couldn't even get the order through.
00:06:14.560 --> 00:06:16.399
And then second, he would have lost a fuck ton of money.
00:06:16.560 --> 00:06:17.360
Pete Heggseth.
00:06:17.839 --> 00:06:18.879
Trading shit is hard.
00:06:19.040 --> 00:06:20.560
They don't give you guys enough credit.
00:06:20.639 --> 00:06:21.279
I'm gonna be honest.
00:06:21.360 --> 00:06:22.399
They do not give you guys enough credit.
00:06:22.560 --> 00:06:23.759
Smart shit is hard.
00:06:23.920 --> 00:06:26.160
Um, number two, I saw this come out today.
00:06:26.319 --> 00:06:26.879
This is crazy.
00:06:26.959 --> 00:06:38.800
So you remember when Zoran Mamdani films this video about how we're gonna tax apart empty apartments, second houses in New York City, and says that's a$235 million apartment owned by Ken Griffin.
00:06:38.879 --> 00:06:40.480
The entire world has Ken Griffin's address.
00:06:40.639 --> 00:06:42.800
Ken Griffin didn't fucking like it, and rightfully so.
00:06:42.959 --> 00:06:53.279
And the headline is Ken Griffin is appalled that Zoran used his$238 million,$238, my bad, Manhattan Penthouse in his tax the rich promotional video.
00:06:53.680 --> 00:06:59.759
Citadel is now apparently considering bailing on their construction plans to build a new office in Midtown.
00:07:00.000 --> 00:07:10.399
The project would involve six billion in spending and would create 15,000 permanent jobs in New York City, according to Citadel COO.
00:07:10.560 --> 00:07:22.079
Quote, it's shameful that he used Ken's name as the example of those who supposedly aren't carrying their fair share of the burdens associated with New York City's often costly and wasteful spending.
00:07:22.240 --> 00:07:23.199
The email said.
00:07:23.439 --> 00:07:35.600
In doing so, the mayor has once again manifested the ignorance and disdain of the elite political class towards those who have those who have been consistently committed to building one of the greatest cities in the world.
00:07:35.759 --> 00:07:36.240
Think about that.
00:07:36.319 --> 00:07:38.000
Zoran wants to be a fucking hero.
00:07:38.160 --> 00:07:41.199
He comes out and oh, intel earnings, intel earnings, intel earnings.
00:07:41.279 --> 00:07:43.920
Uh Intel earnings, intel earnings, intel earnings.
00:07:44.639 --> 00:07:47.279
Wow! Bang, baby.
00:07:48.079 --> 00:07:48.720
Wow.
00:07:48.879 --> 00:07:49.759
Look at that.
00:07:50.160 --> 00:07:51.120
Absolute crush.
00:07:51.199 --> 00:07:52.319
Let's zoom it out a little bit.
00:07:52.399 --> 00:07:52.800
Wow.
00:07:52.879 --> 00:07:53.439
Oh wow.
00:07:53.519 --> 00:07:55.120
Look at the one hour on this thing.
00:07:55.279 --> 00:07:57.439
Just a emphatic all-time high.
00:07:57.600 --> 00:07:58.399
Holy shit.
00:07:58.560 --> 00:08:00.560
How much is Leopold Ashenbrenner up?
00:08:00.720 --> 00:08:02.000
What a fucking dude.
00:08:02.079 --> 00:08:03.839
This guy, Leopold Ashenbrenner.
00:08:04.160 --> 00:08:04.639
Wow.
00:08:04.800 --> 00:08:08.720
It's like a 13% move on earnings right after uh TNBC.
00:08:08.879 --> 00:08:11.839
Intel is trading on stories, not fundamental.
00:08:12.000 --> 00:08:13.120
That's what we do, baby.
00:08:13.199 --> 00:08:14.319
We trade fucking stories.
00:08:14.480 --> 00:08:16.079
That is what we do, man.
00:08:16.160 --> 00:08:17.360
We trade stories.
00:08:17.519 --> 00:08:17.839
Wow.
00:08:18.000 --> 00:08:20.720
We just buy what the US government tells us to buy, right?
00:08:20.800 --> 00:08:23.120
I mean, beatable ass market.
00:08:23.199 --> 00:08:25.920
I mean, you just have like what was the Trump Intel?
00:08:26.399 --> 00:08:27.439
Trump buy Intel?
00:08:27.519 --> 00:08:28.160
Did he tweet it?
00:08:28.319 --> 00:08:29.120
Yeah, this is crazy.
00:08:29.360 --> 00:08:30.399
Sick candle.
00:08:30.639 --> 00:08:31.759
You absolutely love to see it.
00:08:31.920 --> 00:08:34.159
At the same time, Bitcoin looks pretty fucking good.
00:08:34.399 --> 00:08:36.080
So yeah, that's a huge beat.
00:08:36.159 --> 00:08:37.200
Shout out to Intel, man.
00:08:37.279 --> 00:08:37.919
That's what you'd like to see.
00:08:38.000 --> 00:08:39.519
I mean, it's been one of the biggest gainers.
00:08:39.679 --> 00:08:50.240
Closing point here is Ken Griffin had plans to add 15,000 jobs to New York City and spend six billion dollars to build out um an office that they're talking about not building out.
00:08:50.399 --> 00:08:56.159
My favorite take on this whole thing is what's the point about fuck what is the point of fuck you money if you never say fuck you?
00:08:56.320 --> 00:08:56.960
What's the point?
00:08:57.120 --> 00:09:15.519
Last but not least on the intro, and then we're gonna get into some market close stuff, is I mean, this is just unbelievable, really, that the dev, the White House, okay, of the United States of America is posting updates of the stock price from the official account saying the SP and the NASDAQ close at record highs.
00:09:15.679 --> 00:09:26.000
Okay, if hyperliquid Jeff came out and tweeted a record price for hyperliquid token, everybody would lose their ever-loving shit, okay?
00:09:26.159 --> 00:09:27.679
Except this isn't hyperliquid Jeff.
00:09:27.759 --> 00:09:30.159
This is the president, the leader of the free world.
00:09:30.399 --> 00:09:34.080
The president of the United States of America is tweeting without fail.
00:09:34.399 --> 00:09:36.799
Ev talking about price is bearish.
00:09:36.879 --> 00:09:39.519
There are very few instances where that is not the case, okay?
00:09:39.600 --> 00:09:40.799
It is almost always bearish.
00:09:40.879 --> 00:09:48.480
But at a certain point, you sit here and we get bearish and we doom and we talk about AI deflation and we go all over the place, okay?
00:09:48.639 --> 00:09:53.600
We feel all types of ways, and you just watch the market refuse to flinch.
00:09:53.679 --> 00:10:03.120
And when it does flinch, it's a 1% dip into forced selling, seen and followed up by the most aggressive green slamming of the buy button you've ever seen.
00:10:03.279 --> 00:10:08.080
And at a certain point, we just think to ourselves, maybe it's gay to be a bear in 2026.
00:10:08.159 --> 00:10:14.320
It's always been gay, it's always been gay, but maybe it's really gay in 2026 because this damn market I feel just wants to go up, man.
00:10:14.480 --> 00:10:17.360
And so that brings us past our intro topics.
00:10:17.519 --> 00:10:18.799
It's time to talk about the market.
00:10:18.960 --> 00:10:21.440
Market close just happened 12 minutes ago.
00:10:21.600 --> 00:10:22.399
Intel smashed.
00:10:22.559 --> 00:10:23.440
Let's fucking go, guys.
00:10:23.519 --> 00:10:25.039
Let's the market is fun.
00:10:25.200 --> 00:10:27.759
So let us start with the indexes.
00:10:27.919 --> 00:10:29.039
Bing, bing, bing.
00:10:29.200 --> 00:10:32.559
Spy closes down 0.4% on the day.
00:10:32.639 --> 00:10:34.480
But man, it had an ugly couple candles there.
00:10:34.639 --> 00:10:37.200
It got as low as 7.02 on spy.
00:10:37.440 --> 00:10:38.399
It was scary for a minute.
00:10:38.480 --> 00:10:52.559
Okay, there were two announcements after a bullshit announcement last night that one, the parliament speaker for Iran, was taken hostage and captured by the IRGC, which was reported by none other than the Israeli News Network 12.
00:10:52.639 --> 00:10:56.080
Who, if you're an OG from the stream, you know all about the Israeli News Network 12.
00:10:56.159 --> 00:10:58.000
Who remembers Israeli News Network 12?
00:10:58.080 --> 00:10:59.360
I know you people do.
00:10:59.919 --> 00:11:05.919
And I made a tweet about it, and I was like, is Israeli News Network 12 really the source of truth here?
00:11:06.320 --> 00:11:08.559
But I just I said, you know what?
00:11:08.720 --> 00:11:10.080
I should probably not be doing this.
00:11:10.240 --> 00:11:11.440
And so I deleted it.
00:11:11.519 --> 00:11:14.879
And then it turns out to be fake, and then I can't co-tweet it and say how it was right.
00:11:15.039 --> 00:11:15.840
That was number one.
00:11:15.919 --> 00:11:21.759
And then number two is they reported that Iran air defense systems were going off.
00:11:21.840 --> 00:11:29.519
But allegedly there was like a at first they were like, I don't know, there was a parade of some sort, and then that was like no.
00:11:29.600 --> 00:11:36.399
And so then what actually happened, I think, is some drones flew through for undescribed reasons, and they went off.
00:11:36.480 --> 00:11:39.600
But apparently Israel came out immediately and was like, do not look at us.
00:11:39.679 --> 00:11:40.639
It was not us.
00:11:40.879 --> 00:11:44.000
And so market kind of came down, but oil is candling as we speak.
00:11:44.080 --> 00:11:45.039
But we'll get to oil in a minute.
00:11:45.120 --> 00:11:46.480
You know the drill, you know the order that we go.
00:11:46.559 --> 00:11:50.559
So spy was down a lot, and then just a fucking unreal bid, really.
00:11:50.720 --> 00:11:56.399
The X down 0.4, Korean stock markets up a percent, the Dow's down 0.3, NASDAQ down 0.5.
00:11:57.039 --> 00:11:58.240
And I this is a new one.
00:11:58.399 --> 00:12:00.639
Socks added it to the list.
00:12:00.879 --> 00:12:03.919
The semiconductor ETF is this thing.
00:12:04.080 --> 00:12:05.440
I mean, I don't even know what to tell you.
00:12:05.519 --> 00:12:07.360
From March 30 on, this thing's up 45%.
00:12:07.919 --> 00:12:10.240
And then IGV crushed down six percent.
00:12:10.399 --> 00:12:11.039
Just crushed.
00:12:11.200 --> 00:12:12.320
Crush, crush, crush.
00:12:12.480 --> 00:12:17.840
It's like that it's like software dashpocalypse number, I don't even know, 20 at this point.
00:12:18.000 --> 00:12:18.879
Uh moving on.
00:12:19.039 --> 00:12:21.279
Crypto looks ah, not bad.
00:12:21.440 --> 00:12:22.159
Bigs up 2%.
00:12:22.559 --> 00:12:24.639
Zcash with a nice day.
00:12:24.720 --> 00:12:27.519
You know, I like Zeke up about six percent.
00:12:27.679 --> 00:12:30.240
Makes the chart look reasonably decent here.
00:12:30.320 --> 00:12:32.320
There's not a ton of buy pressures you would like to see.
00:12:32.399 --> 00:12:38.000
Like, there isn't the volume that you would like, but it looks decent, and it got a Robin Hood listing, okay?
00:12:38.159 --> 00:12:39.039
Which is relevant.
00:12:39.200 --> 00:12:41.120
I mean, look, Hood's on the ball right now.
00:12:41.200 --> 00:12:42.000
You gotta give him credit.
00:12:42.240 --> 00:12:43.759
Bitcoin 77.8.
00:12:44.080 --> 00:12:45.840
I did buy a little bit on this.
00:12:46.000 --> 00:12:51.759
This I've been wanting an entry on some BTC leverage, and I I don't know.
00:12:52.080 --> 00:12:53.200
It was looking good.
00:12:53.279 --> 00:12:59.519
It got this candle down on this fake ass, fade ass, whack ass, lie ass, LARP ass announcement.
00:12:59.679 --> 00:13:01.039
And so I clicked a little bit.
00:13:01.200 --> 00:13:04.000
Unclear how long I'm gonna stay in it, but I wanted an entry for a while.
00:13:04.080 --> 00:13:07.360
And so I'm I'm in a little BTC long baby though, baby, baby, baby.
00:13:07.600 --> 00:13:14.320
Hyperliquid 41, XMR 373, BTC D is down back down 60, it's up a little bit.
00:13:14.480 --> 00:13:18.720
Stretch is still under a hundred, so nothing there.
00:13:19.039 --> 00:13:19.919
Let's just make sure.
00:13:20.000 --> 00:13:21.440
But okay, they bought half a bitcoin.
00:13:21.759 --> 00:13:22.559
Half a bitcoin.
00:13:23.039 --> 00:13:24.480
I bought more than that today.
00:13:25.039 --> 00:13:27.840
I bought more than that today.
00:13:28.159 --> 00:13:30.240
Gold down a percent, silver down three.
00:13:30.320 --> 00:13:32.080
This chart is pretty disgusting, actually.
00:13:32.320 --> 00:13:33.600
Silver chart is pretty gross.
00:13:34.080 --> 00:13:36.399
CL and Brent about four and a half percent.
00:13:36.559 --> 00:13:38.879
Pound tier got absolutely crushed.
00:13:39.120 --> 00:13:42.879
Okay, crushed, crushed, crushed, down seven percent.
00:13:42.960 --> 00:13:46.080
And then Lockheed, which is the PetexF index, down five.
00:13:46.320 --> 00:13:48.799
Raytheon and Northrop, not great.
00:13:49.200 --> 00:13:51.120
Fences down, chemicals all down a lot.
00:13:51.279 --> 00:13:52.159
Uh big tech.
00:13:52.399 --> 00:13:56.960
We know Intel crushed earnings, AMD is ripping up another three post-close.
00:13:57.279 --> 00:14:00.559
Apple flat, Google flat, and everything else is big red.
00:14:00.639 --> 00:14:02.240
Tesla had a really disgusting.
00:14:02.399 --> 00:14:03.600
Look at this Tesla chart.
00:14:04.799 --> 00:14:05.279
Look at this.
00:14:05.440 --> 00:14:06.639
I feel like it's cooked.
00:14:07.120 --> 00:14:11.120
Texas Instruments, like the calculator, I don't really know what they do.
00:14:11.519 --> 00:14:12.559
Had a crazy day.
00:14:12.720 --> 00:14:14.960
I don't really know what the announcement was for Texas Instruments.
00:14:15.440 --> 00:14:19.279
I ran the emit stock, looks really good.
00:14:19.519 --> 00:14:20.720
Up 7% today.
00:14:20.879 --> 00:14:32.639
Hymns had a pretty just uh day today because they announced a partnership with Eli Lilly and it retraced the whole move, which is I don't know, I feel like it lost its juice.
00:14:32.720 --> 00:14:33.519
I'm I'm not in it.
00:14:33.679 --> 00:14:40.000
Crypto stocks had crushed today, NST are down four, Coinbase down four, hood down almost six, FigMud down another 10%.
00:14:40.240 --> 00:14:41.840
I mean it's the worst stock of all time.
00:14:42.000 --> 00:14:47.360
And then the biggest one is car down 48% today.
00:14:47.600 --> 00:14:48.159
48.
00:14:48.480 --> 00:14:49.440
Look at this chart.
00:14:49.600 --> 00:14:55.519
It's now off the pico top wick to bottom wick of today's PA, down 76.
00:14:55.919 --> 00:14:57.759
Thankfully, we didn't pile into this one.
00:14:58.000 --> 00:14:59.519
What a day for car.
00:14:59.840 --> 00:15:00.559
Just disgusting.
00:15:00.720 --> 00:15:03.759
Bringing up the rear, crypto, um, Athena.
00:15:03.919 --> 00:15:04.240
Yeah.
00:15:04.399 --> 00:15:05.919
Lighter's like one of the biggest gainers.
00:15:06.000 --> 00:15:06.480
Look at the chart.
00:15:06.559 --> 00:15:08.320
This is one of the biggest gainers on my alts list.
00:15:08.559 --> 00:15:09.279
This is this is lighter.
00:15:09.519 --> 00:15:10.480
Layer zero, terrible.
00:15:10.639 --> 00:15:15.759
Pengu looks fine, but XMR looks fine, doge, terrible, tau, horrific.
00:15:15.919 --> 00:15:17.039
This is the type of chart.
00:15:17.120 --> 00:15:20.480
Let's just draw it for fun that goes like flat line, flat line.
00:15:20.639 --> 00:15:22.159
You just this is the chart you lose money.
00:15:22.320 --> 00:15:22.799
You lose a lot.
00:15:22.879 --> 00:15:24.399
I lose money on this chart always.
00:15:24.559 --> 00:15:26.960
Um, and then everything else here is nothing significant.
00:15:27.200 --> 00:15:28.799
Chip is fine.
00:15:29.120 --> 00:15:30.639
Uh, they're coming on in like 30 minutes.
00:15:31.039 --> 00:15:32.080
Yeah, this looks decent.
00:15:32.159 --> 00:15:33.200
I must say, this looks decent.
00:15:33.279 --> 00:15:39.200
It's still up a ton from where you could buy it post-TGE and is still an interesting, interesting token, uh, for sure.
00:15:39.440 --> 00:15:39.919
Interesting token.
00:15:40.159 --> 00:15:42.799
Monad, whatever, XPL, whatever, VVV, whatever.
00:15:43.039 --> 00:15:43.840
VVV week, actually.
00:15:43.919 --> 00:15:45.200
It's kind of putting this around at top.
00:15:45.440 --> 00:15:47.120
It looks like it needs to chill for a little bit.
00:15:47.279 --> 00:15:49.759
And Jupiter, also, whatever.
00:15:50.080 --> 00:15:52.000
So that is where we are at.
00:15:52.159 --> 00:15:53.519
You want to fundamental this market?
00:15:53.600 --> 00:15:53.919
Good luck.
00:15:54.080 --> 00:15:54.879
Then we get some Trump.
00:15:54.960 --> 00:15:59.120
The US has total control over the trade of horror moves, and it's sealed up tight until Iran makes a deal.
00:15:59.279 --> 00:16:01.759
Iran has said it would not negotiate with the US for the blockade.
00:16:02.000 --> 00:16:02.879
We're just going back and forth.
00:16:02.960 --> 00:16:06.159
You know, Iran is having a very hard time figuring out who their leader is.
00:16:06.320 --> 00:16:07.279
They just don't know.
00:16:07.440 --> 00:16:15.840
The infighting is between the hardliners who have been losing badly on the battlefield and the moderators who are not very moderate at all, but gaining respect is crazy.
00:16:16.000 --> 00:16:17.840
We have total control over the Strait of Hormuz.
00:16:18.000 --> 00:16:21.120
No ship can enter or leave without the approval of the United States Navy.
00:16:21.200 --> 00:16:27.039
It is, quote, once again, sealed up tight until such time as Iran is able to make a deal.
00:16:27.120 --> 00:16:31.919
Thank you for your attention to this matter, President Donald Trump.
00:16:32.080 --> 00:16:33.120
Then I have a couple more real quick.
00:16:33.200 --> 00:16:35.919
So Trump agrees to that no deal needed until he gets me once from Iran.
00:16:36.159 --> 00:16:40.960
Followed by, I've ordered the United States Navy to shoot and kill any boat, small boats though they may be.
00:16:41.120 --> 00:16:46.720
Their naval ships are all 159 of them at the bottom of the sea.
00:16:46.879 --> 00:16:50.559
That is putting mines in the waters of the Strait of Hormuz.
00:16:50.720 --> 00:16:52.399
There is to be no hesitation.
00:16:52.639 --> 00:16:56.159
Additionally, our minesweepers are clearing the strait right now.
00:16:56.559 --> 00:17:02.000
I am hereby ordering that any activity to continue, but at a tripled up level.
00:17:02.320 --> 00:17:07.039
Thank you for your attention to this matter, President Donald J.
00:17:07.279 --> 00:17:07.599
Trump.
00:17:07.759 --> 00:17:09.039
Okay, then bink.
00:17:09.279 --> 00:17:10.960
Here's where we get to some fuckery.
00:17:11.119 --> 00:17:11.440
Okay.
00:17:11.599 --> 00:17:24.799
So two announcements come out from none other than the Israeli News Network 12, which we know very well, who reported on a ceasefire that did not exist, that everybody loves and trusts in Israel.
00:17:24.960 --> 00:17:33.200
And so consider me a little bit shocked when I see an announcement that the parliament speaker of Iran is arrested by the IRGC.
00:17:33.359 --> 00:17:33.680
What?
00:17:33.839 --> 00:17:37.200
And so on that, well, what you think happens happens.
00:17:37.359 --> 00:17:38.720
Oil just starts fucking.
00:17:38.880 --> 00:17:43.759
I'm on a morning meeting and I'm just, it's just fucking, it's piss pistol whipping, ripping.
00:17:44.000 --> 00:17:59.759
Followed by an immediate level, uh, this open source intel, just in air defense systems were heard engaging suspected hostile targets over parts of Tehran on Tuesday after batteries were activated across the city, according to Iran's mayor news agency.
00:18:00.000 --> 00:18:13.039
Now, the problem here on both sides is immediately after these things are ripping, this comes out, and Iran journalists says the news that he's resigned or been arrested is completely false.
00:18:13.119 --> 00:18:19.759
Now, the problem with the air defense is that it is illegal to record video and to post it to Twitter from Iran.
00:18:19.920 --> 00:18:23.200
That is why uh Trini Annalist number three was so incredible.
00:18:23.359 --> 00:18:24.000
We don't really know.
00:18:24.079 --> 00:18:29.839
And so I'm seeing this and I'm like, bro, fade, fade, fade, fade, fade, fade, fade, fade, fade.
00:18:30.079 --> 00:18:31.839
Problem was nothing really dumped that much.
00:18:32.000 --> 00:18:33.359
So I didn't know what to buy.
00:18:33.440 --> 00:18:35.920
And so the PA that you saw was you saw this.
00:18:36.079 --> 00:18:37.279
Look at this spy.
00:18:37.440 --> 00:18:42.240
Just go fucking down how much on the announcement to bottom wick 1.2%.
00:18:42.559 --> 00:18:42.799
Okay.
00:18:42.880 --> 00:18:48.559
And now that might not seem like that much, but if you think about it, 1.2%, stock market never dumped 2% the entire war.
00:18:48.640 --> 00:18:53.039
And so if this is going on one point 1.2% and a green candle after just hitting a new-time high was pretty significant.
00:18:53.200 --> 00:18:58.319
Now it was followed by some of the most aggressive buying I've seen in I don't even know when.
00:18:58.559 --> 00:18:58.799
Okay.
00:18:59.119 --> 00:19:00.400
And there's a couple tweets about it.
00:19:00.480 --> 00:19:02.319
Like Tok says, not kidding.
00:19:02.480 --> 00:19:06.559
When watching that low time frame, the only thing comparable is mass crypto liquidations.
00:19:06.720 --> 00:19:08.799
And this was the indexes selling off 1%.
00:19:09.359 --> 00:19:11.680
The bid is fucking insanity.
00:19:11.839 --> 00:19:15.359
Followed by uh low time frame moves continue to be absolutely bonkers.
00:19:15.519 --> 00:19:18.240
Q's QQ's half a percent in a one-minute candle.
00:19:18.319 --> 00:19:21.039
The swings are ludicrous and the buying is outrageous on dips.
00:19:21.119 --> 00:19:23.519
Maybe we do just go up forever.
00:19:23.680 --> 00:19:29.279
And so at a certain point here, even the bears, I think you sort of have to look at the market for what it is.
00:19:29.440 --> 00:19:36.000
And it's a weird spot for me because I feel like I'm really late on the semis and the memory and a lot of these AI bottleneck trades.
00:19:36.079 --> 00:19:45.039
But what it does leave, and what I feel the the best analogy is for right now, is it feels like we've entered the daily runner phase of Solana on chain and stocks.
00:19:45.200 --> 00:19:57.519
It feels like we're in the daily runner phase where there is just this speculative hotball of money that is whipsawing around from thing to thing to thing to thing to thing.
00:19:57.599 --> 00:20:01.359
And there's a lot of money to be made following that hotball of money.
00:20:01.519 --> 00:20:04.079
And so it ended in crypto pretty badly, right?
00:20:04.160 --> 00:20:07.440
If you remember Daily Runners, like the peak daily runner was probably what?
00:20:07.680 --> 00:20:27.039
It was probably Jelly Jelly, it was probably HyperFi, it was Vine, yeah, believe, Dupe, CLED, all the believe coins, jailstool, yeah, scork, not peanut, but Ghibli, the retard finder, useless.
00:20:27.200 --> 00:20:31.279
There was a lot of them, and they all went to 100 mil plus, and there was a lot of wealth generated.
00:20:31.519 --> 00:20:34.240
The reason it stopped, in my opinion, was twofold.
00:20:34.319 --> 00:20:43.920
One, nobody wanted these fucking tokens, and two, there was an ever diminishing hop all the money, speculating and whipsawing around because the majors stopped going up.
00:20:44.079 --> 00:20:50.400
Okay, you had boring BTC and cuck ETH, cuck little bitch cuck ETH that just sucked.
00:20:50.480 --> 00:20:52.480
And then you had Solana, which don't even get me started.
00:20:52.559 --> 00:21:01.599
And so people would make money on these coins and then they would rotate them into majors, or they would hold them in majors, and they would just like down and like down and like down or be flat, flat, flat, flat, flat.
00:21:01.680 --> 00:21:03.440
So then we just ran out of money and we just stopped.
00:21:03.599 --> 00:21:16.640
Now, the hop all the money daily runner thing is not ideal, but the difference in the stock market is that you have this passive, what seems to be infinite twap happening right now in front of our face, and then you have uh AGI, uh AGI, AGI.
00:21:16.799 --> 00:21:21.519
It feels like it can go on for a while, harder than you think, longer than you think, higher than you think.
00:21:21.599 --> 00:21:22.559
It very much, I don't know.
00:21:22.640 --> 00:21:23.680
Uh, what do you think of the analogy?
00:21:23.759 --> 00:21:24.960
It feels like the daily runner era.
00:21:25.119 --> 00:21:32.559
It does, it feels like the daily runner era in stocks to me right now on things like hymns, on texture instruments, on car, on a lot of these names.
00:21:32.640 --> 00:21:38.480
And I like that because I can sit spot BTC and then we can rip into these names.
00:21:38.559 --> 00:21:53.920
And so the way I've been trading, the way I trade hymns, the way I trade chip, the way I traded Tao, the way I've been trading some of these names that I'm like, okay, this is totally like Daily Runner esque mega church, whatever you want to call it, is size early and aggressive on Momentum Green, and then get the fuck out when the thing gets weak.
00:21:54.000 --> 00:21:57.599
All right, there's a couple tweets I want to read you because we got them coming on very uh shortly.
00:21:57.839 --> 00:21:59.839
Number a couple ones on this on this daily runner thing, real quick.
00:22:00.240 --> 00:22:03.839
Suspended cap who's friend of the stream, guest of the stream, not a mutual follow, but a friend of the stream.
00:22:03.920 --> 00:22:07.200
Short-term speculation would be less rampant if it didn't work, and that is the truth.
00:22:07.359 --> 00:22:07.920
Agreed.
00:22:08.079 --> 00:22:10.960
Second, tar-fi is just AI and memes like crypto was a year ago.
00:22:11.039 --> 00:22:12.160
Crypto's related to everything.
00:22:12.319 --> 00:22:15.119
Third, uh, a couple takes here is like number one.
00:22:15.200 --> 00:22:17.119
I like this Pantoshi tweet a lot.
00:22:17.359 --> 00:22:27.119
I think this uh a lot of what we're seeing today still stems from COVID and the animal spirits that created an entire world to be locked inside with stimmies and nothing else to do, and we're gonna see insane boom and bust cycles inside of AI.
00:22:27.279 --> 00:22:28.640
This fires me up.
00:22:28.720 --> 00:22:30.319
I love trading boom bus cycles.
00:22:30.400 --> 00:22:31.440
I love this shit.
00:22:31.680 --> 00:22:36.240
The wealth that has been created from the AI boom in the last year for those who have bet on it has just gone parabolic.
00:22:36.400 --> 00:22:40.559
I think in general that will continue for years to come, but with added volatility and short boom bus cycles.
00:22:40.640 --> 00:22:41.759
But in the end, the believers will win.
00:22:41.920 --> 00:22:49.039
Seeing entire indexes like these be up three, two, three, four X in a year is insane because inside that, you know, individual stocks are up 100 X's in many cases.
00:22:49.200 --> 00:22:52.799
Then you have the rise of prediction markets, sports gambling, online casinos, or something for everyone.
00:22:52.960 --> 00:22:58.720
Have said repeatedly, I feel the future here is bright, and I think for risk takers looking at new and emerging tech continue to win.
00:22:58.880 --> 00:23:02.960
Hard to imagine all the exciting things that are going to come out of this that we didn't have the capability to build up before.
00:23:03.119 --> 00:23:06.720
In so many sectors, defense, energy, robotics, AI, probably anything else you can think of.
00:23:06.799 --> 00:23:16.079
The one counter here, the one problem with this, like narrative violation to if you bet on the AI trade is the best performing AI trade you couldn't fucking bet on, bro.
00:23:16.240 --> 00:23:18.799
And we call that the art of exit liquidity.
00:23:19.279 --> 00:23:24.400
We call that introducing USVC, a single basket of high growth venture capital for everyone.
00:23:24.640 --> 00:23:33.119
No accreditation required, SCC registered in a very low$500 minimum, includes open AI, Anthropic, XAI, Sierra, Cruz, Lagora, Versal.
00:23:33.440 --> 00:23:36.240
And so Naval's like, all right, I'm a hero.
00:23:36.319 --> 00:23:39.359
I'm gonna democratize access to pre-IPO companies.
00:23:39.440 --> 00:23:42.079
Here's SpaceX at 1.5 trillion.
00:23:42.240 --> 00:23:44.559
And it's like, bro, what the fuck are you talking about?
00:23:44.720 --> 00:23:45.759
1.5 trillion.
00:23:45.839 --> 00:23:47.359
What am I gonna do with that?
00:23:47.440 --> 00:23:55.119
And so the narrative violation to this is that yes, there has been a lot of wealth generated in AI, right?
00:23:55.200 --> 00:24:01.519
You've had the semis trade, you've had the memory trade, you had Sandis, the Intels of the world, the AMDs of the world, the Nvidia's of the world, Amazon, the Googs has done well.
00:24:01.599 --> 00:24:09.359
Like a lot of this is done very well, but at the same time, the best performers anthropic to trillions in a couple years, no one had any exposure to none.
00:24:09.599 --> 00:24:10.720
But yeah, I hate this.
00:24:10.799 --> 00:24:11.599
I think this sucks.
00:24:11.759 --> 00:24:12.640
This fucking sucks.
00:24:12.799 --> 00:24:18.960
The best take on this is underappreciated that a generation crypto speed ran every finance game.
00:24:19.039 --> 00:24:21.759
It can now pattern match against all the trad fi shenanigans.
00:24:21.839 --> 00:24:23.200
I I talk about it every day.
00:24:23.359 --> 00:24:24.960
It comes true more and more often.
00:24:25.200 --> 00:24:27.599
Call it the crypto education, brother.
00:24:27.759 --> 00:24:29.759
It's the most valuable degree in the world.
00:24:30.000 --> 00:24:32.000
You know how the world everything is crypto.
00:24:32.240 --> 00:24:42.000
We've speed ran every cycle, every boom, every hype, every bubble, every everything, every crash, every rotation, every evolution you could ever imagine.
00:24:42.079 --> 00:24:44.400
We've already done it, I've already lived it, I've already seen it.
00:24:44.480 --> 00:24:46.000
They call it the crypto education.
00:24:46.240 --> 00:24:51.759
There's nothing trad, there's no financial game TradFi could show you where you're like, this is foreign.
00:24:51.839 --> 00:24:52.880
I don't get how this works.
00:24:52.960 --> 00:24:55.359
It's like, no, I've traded this nine times.
00:24:55.519 --> 00:25:00.640
I got killed on it twice, made money on it once, and the other seven and just watched it go to zero and avoided it.
00:25:00.799 --> 00:25:02.079
It's like we've done it all.
00:25:02.240 --> 00:25:05.519
But here's another take on it is like, no, no, no, TradFi doesn't work like crypto.
00:25:05.599 --> 00:25:10.880
Crypto works like TradFi, except it's transparent, so we can actually see the scams and games and build mental models on them.
00:25:10.960 --> 00:25:17.519
Unsurprisingly, crypto mental models work on TradFi because while TradFi have been running these games on retail for a long, long, long time behind closed doors.
00:25:17.680 --> 00:25:19.279
And so, yeah, I I hate this.
00:25:19.359 --> 00:25:20.160
I think this is bad.
00:25:20.319 --> 00:25:24.240
This is not this is uh this is narrative violation to we're gonna go up only.
00:25:24.480 --> 00:25:29.839
Here is access to pre-IPO companies, except it's at 1.5 trillion, and I'm already up 30x.
00:25:30.000 --> 00:25:32.480
Buy my bags up 30x in a private market.
00:25:32.559 --> 00:25:34.559
It's like all right, and then a couple more.
00:25:34.880 --> 00:25:40.240
So Chumba, if you are a ball knower, wrote the Citrini article before Citrini.
00:25:40.400 --> 00:25:43.200
It was called You Are Going to Fucking Die, I believe was the title.
00:25:43.279 --> 00:25:44.319
You're gonna fucking die.
00:25:44.480 --> 00:25:50.079
And it was basically the AI deflation thesis before Citrini with the article.
00:25:50.319 --> 00:25:54.240
And he's referencing this, and he says, Looks like my article doesn't look so great anymore.
00:25:54.400 --> 00:25:57.759
Two things that I'm real-time adjusting in my thinking.
00:25:57.920 --> 00:26:06.799
One AI's impact on labor appears to be more of a hiring free stagnation rather than mass layoffs in the immediate term, which kind of eliminates the near-term impact to flows.
00:26:06.880 --> 00:26:09.519
I'm not sure I entirely agree with that.
00:26:09.599 --> 00:26:12.960
I mean, we just had this meta just laid off 10% of its employees.
00:26:13.119 --> 00:26:21.279
So that's you know, two Warsh, Kevin Warsh, new Fed chair coming in very soon, does seem bearish on balance sheet, which people are complacent on.
00:26:21.359 --> 00:26:28.319
But I'm starting to think that they A do deregulation first over the next two years and then B reduce balance sheet post-2028 election, dump on the Dems.
00:26:28.400 --> 00:26:30.880
Instead of being a dirty bear while indices soared at all-time highs.
00:26:30.960 --> 00:26:34.400
Let's consider what happens if everything goes right and we are in the midst of the singularity.
00:26:34.559 --> 00:26:37.920
The bull case for the Qs earnings go up 50% from now to December 28.
00:26:38.079 --> 00:26:39.279
Multiples expand by 50%.
00:26:39.680 --> 00:26:44.160
Mike Green's thesis suggests multiples with two to three X over the next few years because of passive.
00:26:44.799 --> 00:26:48.240
This would equal$1,500 QQQ.
00:26:48.400 --> 00:26:57.599
So you have a blow off in the passive bubble, the greatest technology in the history of mankind hitting its S-curve, and a president who literally does not allow the stock market to go down 1999.
00:26:57.839 --> 00:26:59.200
I don't know what else to say.
00:26:59.279 --> 00:27:03.039
I mean, uh on this exactly, is I am excited about the market right now.
00:27:03.119 --> 00:27:09.200
I think, I think at the very least, even if we are late, late, late stage, I don't hold a lot of spot on anything except for BTC.
00:27:09.359 --> 00:27:13.519
And so I'm the most excited right now about how do I repeat this trade?
00:27:13.680 --> 00:27:17.680
How do I repeat this bigger and better and with a lot more money?
00:27:17.839 --> 00:27:25.839
I said new AI coin that's getting flows that I don't even know what it does, and it's getting flows, and it has stable coin in the name as well.
00:27:26.160 --> 00:27:29.039
Give me a bunch of those on 5x leverage and size.
00:27:29.119 --> 00:27:31.920
Give me give me those, and I'm gonna go to bed on it with no stop loss.
00:27:32.079 --> 00:27:37.279
And boom, part two for David part four, baby, for Mr.
00:27:37.440 --> 00:27:38.079
Alexander.
00:27:38.160 --> 00:27:38.799
How are you guys?
00:27:38.880 --> 00:27:39.680
Welcome, welcome back.
00:27:39.839 --> 00:27:41.599
Alex, this incredible view there, man.
00:27:41.680 --> 00:27:43.519
That's fucking I'm getting view moged, dude.
00:27:43.599 --> 00:27:46.160
I have this new lighting setup, I'm getting view mogged right now.
00:27:46.240 --> 00:27:47.200
It's insane.
00:27:47.599 --> 00:27:50.400
I feel like it's just like you're you're like that.
00:27:52.240 --> 00:27:53.279
This apartment, you know?
00:27:53.359 --> 00:27:56.319
It's sort of just a different setting in the same uh same location.
00:27:56.480 --> 00:27:57.200
Yeah, there we go.
00:27:57.359 --> 00:27:59.759
Um, dude, it's good to see see both of you here.
00:27:59.920 --> 00:28:05.039
Um, I mean, first and foremost, David, you were on what, maybe in October, November.
00:28:05.839 --> 00:28:07.440
Uh you first came on, I first met you.
00:28:07.519 --> 00:28:08.799
I thought what you're doing was really interesting.
00:28:08.960 --> 00:28:13.039
The whole USDI uh AI concept was was pretty wild.
00:28:13.279 --> 00:28:18.000
And after that, a lot of smart people, Tyche, Alex Good, a lot of people were telling me about it.
00:28:18.079 --> 00:28:30.960
And then you just had TGE, you just launched TGE on chip, which is I mean, look, I got kind of excited about it because it's like first hyped crypto TG since I don't know, Aster that didn't go down in a straight red line yet.
00:28:31.119 --> 00:28:43.039
I'd have you know it's only been like a day, two days, but did not go down in a straight red line is pretty exciting, and there were some pretty cool crypto names, good Alexander good being one of them that were excited about it.
00:28:43.119 --> 00:28:44.640
So congratulations on the launch.
00:28:44.799 --> 00:28:46.079
Do you want to start with?
00:28:46.160 --> 00:28:54.319
I think there's like a most people here have some context, but give us like a high level on what you're working on, what you just launched, and then we can get into some of the fun stuff.
00:28:54.559 --> 00:29:01.359
I guess for those that weren't listening last time, um, we're effectively trying to solve a a capital issue that AI has.
00:29:01.440 --> 00:29:09.039
So AI, I mean, you see yourself with the with Claude getting like kneecapped every time you try to use it because it's not enough compute, you know?
00:29:09.279 --> 00:29:13.440
Um and open AI seems to have caught up in terms of quality.
00:29:13.519 --> 00:29:21.759
Um, and uh, even though they have this mythos thing kind of in the back, it's because they kind of knew in the very beginning, like it's of course you can have better and better models.
00:29:22.000 --> 00:29:24.640
At the end of the day, it's gonna be access to how much compute that you have.
00:29:24.799 --> 00:29:26.720
Because you'll never have enough compute.
00:29:26.880 --> 00:29:29.119
Um, and people might say it's a power issue.
00:29:29.279 --> 00:29:36.000
People might say yada yada is like quality of the LLM, but really it's just gonna be like how many black wells do you have access to.
00:29:36.240 --> 00:29:41.279
Um and that's kind of why you you're seeing this flip as of like literally this week.
00:29:41.519 --> 00:29:52.720
Um, and the problem we solve is like we're trying to figure out how to enable this abundance by having chips easily um accessible by not necessarily just open AIs of the world, but anyone who wants to buy the chip.
00:29:52.880 --> 00:29:55.200
Um, it's kind of like a mortgage but for GPUs.
00:29:55.359 --> 00:29:58.000
Um, and we solve this by using stable coins.
00:29:58.079 --> 00:30:03.839
So using stable coins to finance um this wave of um capex build out.
00:30:04.000 --> 00:30:09.599
Um, because I think a lot of people kind of like overlook the fact that T-bills are like the world's fastest buyers.
00:30:09.759 --> 00:30:12.799
I mean, stable coins are the fastest buyers of T-bills in the world.
00:30:13.039 --> 00:30:13.680
Uh yeah.
00:30:13.839 --> 00:30:24.160
And right now, one of the biggest spends in the US economy today, literally, if you weren't we weren't spending this money on AI Capex, our GDP would be negative three, negative four percent of growth.
00:30:24.319 --> 00:30:28.160
Um, it's just like is that that big of an effect on the US economy?
00:30:28.400 --> 00:30:33.599
Um that should be finding us with the fastest horse, which I believe is stable coins.
00:30:33.759 --> 00:30:35.759
Um and that's why we build USD AI.
00:30:35.920 --> 00:30:38.000
It's like, how do you you have two mega trends?
00:30:38.079 --> 00:30:45.759
One is, of course, the capital formation of stable coins, and secondly, the AI capex spend in the US, um, which it's gonna be like trillion to trillion dollars.
00:30:45.839 --> 00:30:54.000
If you if you like some the last 10 years of infrastructure spend, oil, highways, whatever, one year of AI CapEx is more than all of that.
00:30:54.160 --> 00:30:59.039
Um so it's just like the amount the amount of money we're spending, like it's just infeasible.
00:30:59.119 --> 00:31:02.000
Like uh I used this metaphor last time with um on this call.
00:31:02.160 --> 00:31:08.559
It's like if you were to have visualize the Las Vegas sphere, the most expensive stadium ever, if you did 30 of these, right?
00:31:08.720 --> 00:31:10.000
That's one data center.
00:31:10.160 --> 00:31:12.640
Um, so just so much fucking money kind of being put.
00:31:13.039 --> 00:31:13.599
Is that true?
00:31:13.759 --> 00:31:21.839
It's yeah, because it's like, I mean, one one gigawatt is like 50 billion dollars, and then that build outs like two or three.
00:31:22.000 --> 00:31:30.720
Um, so just have and you have these being built around the world, like 50 hundreds of these every single like Project Hail Mary is being like literally done.
00:31:30.880 --> 00:31:35.519
If you've seen the movie, but instead of trying to save humanity, you're trying to actually just have the best model.
00:31:35.759 --> 00:31:38.240
Um just an insane amount of spent.
00:31:38.319 --> 00:31:41.440
Um, it's like the most we've ever spent since like the build out of China.
00:31:41.599 --> 00:31:48.960
Um, but it's hard to see because you see like people complaining about data centers, but I'm like, I don't think people actually realize the hyper object of this.
00:31:49.279 --> 00:31:52.240
30 sphere build-outs for one data center is nuts.
00:31:52.480 --> 00:31:55.440
Um, Alex, by the way, why are you like moging me right now?
00:31:55.599 --> 00:31:56.160
Like what?
00:31:56.240 --> 00:31:57.839
Like, I don't know, you look fresh last time.
00:31:58.079 --> 00:31:58.640
What is it?
00:31:58.799 --> 00:32:04.400
People, people were people were trying, you know, people kept, you know, they were commenting on my background.
00:32:04.559 --> 00:32:06.480
They're like, you gotta leave your room.
00:32:06.559 --> 00:32:14.720
And I'm like, I don't want to leave my room because you know, you don't want to see what's behind me in real life because you'll feel bad about your location.
00:32:14.880 --> 00:32:21.440
So now now now that we're in the mogging era, I just thought it was appropriate to just uh you know reveal, reveal the state.
00:32:21.680 --> 00:32:26.240
I mean, it's gotta be the double jaw or I haven't pinpointed it yet, but I'm talking to Rasm in the background.
00:32:26.319 --> 00:32:27.440
We'll figure out what it is.
00:32:27.599 --> 00:32:31.279
But give me like a primer as well before we get into some of the details.
00:32:31.519 --> 00:32:35.119
You're I mean, you're definitely one of my high signal proxies for AI stuff.
00:32:35.200 --> 00:32:40.000
If you say something about AI, I generally at least pay attention to what you're talking about, maybe except for the baba lung.
00:32:40.240 --> 00:32:41.839
But in general, I do.
00:32:42.319 --> 00:32:47.039
And you were pretty excited and have been excited about USD chip, the whole ecosystem.
00:32:47.279 --> 00:32:52.319
Like, it talk, yeah, explain that to me, like why you're I mean, why you're here and why you're excited about it.
00:32:52.559 --> 00:32:57.680
David and I have lived, we're neighbors and we've we've been neighbors since 2021.
00:32:57.839 --> 00:32:58.240
Whoa.
00:32:58.480 --> 00:33:17.680
And uh so we are I've been super in it, like, you know, ever since David originally was a financing platform, a blockchain-based financing platform uh for NFTs, and he built this really elaborate, you know, credit mechanism for like the worst credit in the world, which is basically guys borrowing other people's you know profile pictures on the internet.
00:33:17.839 --> 00:33:22.160
It's like like it's like it's like the guy, like the exact dude you don't want to lend to.
00:33:22.319 --> 00:33:24.960
So he built like a really good system for that.
00:33:25.440 --> 00:33:46.720
And when Nvidia started talking about this whole sovereign AI thing, um, you know, what what you might just at a very high level realize is that the holders of Tether, like the UAE, Malaysia, like these sort of like international jurisdictions that are mostly the stablecoin holders, are also extreme investors in data centers, right?
00:33:46.799 --> 00:33:51.039
And they're extreme investors in NVIDIA graphics chips specifically.
00:33:51.200 --> 00:33:56.559
Um, and then like this is like the perfect crypto financing use case, right?
00:33:56.720 --> 00:33:58.799
Because it's like weird credit.
00:33:58.960 --> 00:34:08.880
Um, there's warehousing issues, it's a completely new category uh that that like like you can invent, you know, a lot of the for example Canton network is a very hot coin.
00:34:09.440 --> 00:34:12.400
Um, and it's like, okay, that's the old economy.
00:34:12.559 --> 00:34:16.239
That's like, you know, trading Coca-Cola fixed income on a blockchain.
00:34:16.480 --> 00:34:26.320
There are a lot of dudes who are trading Coca-Cola fixed income without a blockchain, and you're kind of like, well, anon, like, check out this like cool new private network, and they're like, How much can I farm?
00:34:26.559 --> 00:34:33.679
Whereas with USDAI, it's more like, okay, like nobody really knows how to finance graphics cards right now.
00:34:33.760 --> 00:34:43.119
Like, like, like actually, like before David showed up on the scene, a lot of this was done via private credit and just really like unsecured uh lending.
00:34:43.679 --> 00:34:48.960
And uh what's kind of novel or what got me excited was like, look, like these are warehouses.
00:34:49.199 --> 00:34:54.800
Uh, you know, previously, back when I worked at Palantir, I used to work in like a trade financing.
00:34:54.880 --> 00:35:04.639
Like I'd study uh basically, you know, standard chartered and receivables and credit and trade financing, which is one of the biggest forms of financing in the world.
00:35:04.880 --> 00:35:09.440
And GPUs are actually like firmly warehouse-based credit products.
00:35:09.679 --> 00:35:12.880
And so I'm like, okay, like has all the this checks all the boxes.
00:35:12.960 --> 00:35:14.320
It's a new category.
00:35:14.480 --> 00:35:21.760
It's got an asset backed security element, which is superior to the current market's treatment of the asset via private credit.
00:35:21.840 --> 00:35:27.039
Uh, the existing holders align with like you know, the tether holder base right now.
00:35:27.440 --> 00:35:31.920
And um, you know, I counseled David like back, I think we're in a sauna.
00:35:32.159 --> 00:35:36.880
Like, he's like, I'm thinking of pivoting into AI, and I'm like, yeah, like you should absolutely do that.
00:35:37.039 --> 00:35:51.440
I mean, obviously, like I was like younger and happier, and like, you know, I was like things things were things were like you know, very like optimistic, but I think as we've evolved in the market, now it's just like shit's real, like everything is no longer a meme.
00:35:51.599 --> 00:35:53.440
All these things are actually happening.
00:35:53.760 --> 00:35:59.920
Um David, can you explain to me why my uh it feels like the models are getting worse, by the way?
00:36:00.079 --> 00:36:00.800
Do you have a take on this?
00:36:00.880 --> 00:36:02.400
You talked you mentioned it briefly at the beginning.
00:36:02.480 --> 00:36:06.559
Why is uh my claw so horrific now?
00:36:06.960 --> 00:36:10.719
Like what is happening with these models just getting worse, seemingly getting worse?
00:36:11.199 --> 00:36:14.320
I mean, it they they even say it to you, they're rate limiting you.
00:36:14.480 --> 00:36:29.599
Uh they they rate limit you and then they it's kind of like the it's kind of like uh Big Mac over the years, like they slowly add in all these excuses why it's getting worse when they're just trying to just survive with the fact that there's just too much demand and um uh not enough compute.
00:36:29.679 --> 00:36:40.000
Um it's entirely, I mean, if you know there's there's a constraint resource and it's just access to how much um tokens they can generate and uh how much compute they have access to.
00:36:40.159 --> 00:36:44.559
Um they saw the users grow like this, but then their compute is only growing like this.
00:36:44.719 --> 00:36:49.679
Um you see this with the pricing of um with uh with GPUs as well.
00:36:49.840 --> 00:36:52.800
Like uh this uh installations are getting slower.
00:36:52.960 --> 00:37:06.639
Um there's the helium thing with hormous, like you have all the you have a bunch of supply shocks, and what happens is that installations are stale, they're slow, and then demand is higher, so the equilibrium is fucked.
00:37:06.880 --> 00:37:09.440
Um, just don't have enough compute.
00:37:09.519 --> 00:37:12.559
Um, we're in a compute strained environment, the scarcity is real.
00:37:12.800 --> 00:37:19.840
Um if we had infinite compute, then you would have everyone would have a very good model, but um they're growing too fast.
00:37:20.079 --> 00:37:27.119
Um technically, I like as much as much hate as open AI got, um, investing in compute was the right move.
00:37:27.440 --> 00:37:31.760
It was it they knew very well that that was gonna be the constraint in the future.
00:37:32.800 --> 00:37:37.440
I feel like there's a uh open AI vibe shift happening like aggressively.
00:37:38.320 --> 00:37:38.880
Yeah.
00:37:39.199 --> 00:37:47.440
Yeah, I mean um even in uh for a lot of Chinese models, like there there are a lot of GPUs being built out in Asia too.
00:37:47.599 --> 00:37:49.440
Um so they're getting a little better.
00:37:49.599 --> 00:37:52.960
Um, but we are in a constra a computers constrained environment.
00:37:53.119 --> 00:38:01.840
Um I mean, speaking of sovereignties, like Alex is saying, like eventually like they'll just people will be net importers and next net net exporters of tokens.
00:38:01.920 --> 00:38:04.880
Um tokens meaning obviously related to AI and not crypto.
00:38:05.360 --> 00:38:12.960
Um and they're they're literally um developing the infrastructure to import or export how many tokens they can generate for each jurisdiction.
00:38:13.119 --> 00:38:15.440
Um so it's it's becomes a sovereignty thing.
00:38:15.519 --> 00:38:20.480
Um, and uh I guess more toward like what what is the purpose of AI in the future?
00:38:20.559 --> 00:38:27.760
Like obviously we have Petrodollar, and this was extremely evident of like what I think is a manufactured crisis that we made in the Strait of Hormuz.
00:38:27.920 --> 00:38:29.920
We just, yeah, we just take on a military and see what happens.
00:38:30.079 --> 00:38:31.440
Of course, they'll go to US.
00:38:31.599 --> 00:38:42.159
Um but um just to reinforce that the the you know the petro is still like the world's top concerns, whether it's like perfuse in Asia, um, because they don't have access to oil.
00:38:42.320 --> 00:38:55.119
Um but in the future, like having proper AI mechan um AI for your citizens, it's gonna determine the efficiency of your nation national well-being.
00:38:55.280 --> 00:39:01.360
Meaning, like if you don't have AI versus a country that does have AI, um you're gonna fall so far behind.
00:39:01.519 --> 00:39:04.079
You're like a backwater country if you don't have it.
00:39:04.159 --> 00:39:08.400
Um you explain uh petrodollar but the token dollar thesis.
00:39:09.280 --> 00:39:12.880
Um yeah, I guess I guess it's more AI dollar, uh compute dollar.
00:39:13.199 --> 00:39:13.360
Yeah.
00:39:13.519 --> 00:39:23.840
Um, but um, I mean it it just like I mean, this was like uh what happened in the 1970s, um, obviously moving off the gold standard.
00:39:23.920 --> 00:39:25.360
Um they wanted to ease credit.
00:39:25.440 --> 00:39:35.360
Um this I'll try to explain this as high level as possible because once you ease credit, then you can uh um you can really start like enabling ownership of different things, whether it's houses, right?
00:39:35.440 --> 00:39:47.280
Um, whether it's like um credit cards and uh and other things, because you can actually have um some elastic control over like um how credit expands in your in your country, um, in your currency.
00:39:47.599 --> 00:39:57.760
But this the most important thing of what makes a reserve dollar globally is like if you control the most important resource that determines your ability to grow as a nation.
00:39:57.840 --> 00:39:58.960
Um, that was oil.
00:39:59.039 --> 00:40:04.320
Um, this is why it was like a it's kind of like a techno like futurist um nation in the 70s.
00:40:04.400 --> 00:40:05.840
Like you had to control oil.
00:40:06.159 --> 00:40:14.559
Like just compare a citizen in China that didn't have oil versus a guy who has a car and can and like else has heating and else has factories and everything like that.
00:40:14.719 --> 00:40:23.760
Well, oil was literally the determinant of what made a nation survive at the current moment in time, and what made a citizen fall behind for the next 20 years, 30 years.
00:40:24.239 --> 00:40:25.519
Thank you so much for coming on.
00:40:25.760 --> 00:40:26.719
Alex was awesome.
00:40:26.800 --> 00:40:27.360
You were incredible.
00:40:27.440 --> 00:40:34.400
Congratulations on the launch and a successful, at least up to this point, a successful one up until this point.
00:40:35.039 --> 00:40:38.320
And I am looking forward to what you guys do.
00:40:38.400 --> 00:40:45.599
I mean, it's about time we have some fucking some talent, some sauce, some excitement in the crypto hierarchy, if you will.
00:40:45.840 --> 00:40:48.320
So maybe until part three, Mr.
00:40:48.400 --> 00:40:49.679
David, it's an absolute pleasure, man.
00:40:49.760 --> 00:40:50.320
Thanks for coming on.
00:40:50.400 --> 00:40:50.960
Thanks for your time.
00:40:51.519 --> 00:40:52.159
Thanks for having me on.
00:40:52.639 --> 00:40:53.119
All right, brother.
00:40:53.199 --> 00:40:53.679
Have a good one.
00:40:53.840 --> 00:40:54.239
Peace.
00:40:54.320 --> 00:40:55.760
I'm not gonna lie, that was Jenny.
00:40:55.840 --> 00:41:00.000
Alex is a lunatic, and the the uh USD AI thing is really cool.
00:41:00.239 --> 00:41:01.760
Alex is Jenny, bro.
00:41:01.920 --> 00:41:04.800
He just has like, I mean, it's hard to refute.
00:41:05.280 --> 00:41:06.400
Yeah, that's all I got.
00:41:11.119 --> 00:41:11.760
Have a great rest of day.
00:41:11.840 --> 00:41:13.039
I'm live every day at 3 30 p.m.
00:41:13.119 --> 00:41:13.440
EST.
00:41:13.519 --> 00:41:18.400
It's really like 3 45, but more like 342, like 339, give or take.
00:41:18.480 --> 00:41:22.079
Somewhere in that ballpark, never 330, never 345, but somewhere in between.
00:41:22.400 --> 00:41:23.519
I will catch you when I catch you.
00:41:23.599 --> 00:41:24.239
I'll see you when I see you.
00:41:24.320 --> 00:41:24.800
Have a great rest of the day.
00:41:24.880 --> 00:41:24.960
Let me.
