 Welcome to the bull and bear show episode number 12. I'm here with my co-hosts. How you guys doing? We got blaze We got Nash Cowboy and we got King Earl. How's everybody doing today? Doing well doing well Fantastic get to see you guys today. Hope you guys are having a great weekend. Hope everybody's having a great day I know it's hot here in Vancouver What's the weather like over there with you guys nice day hot? What's it like? 69 degrees Wow, okay 93 Yeah, we're at 91 degrees right now here in Vancouver. Oh, it's a beautiful 74 with a light breeze here But it's fixin a ring. Oh 74 okay, all right Well, I want to start with the first topic great to have you guys back in the show today And the first topic is inflation inflation rose to three point two percent in July As prices take higher for the first time in a year So my first question is and you know what we're going to go in in a row here because blaze you're first Then we'll get national then we'll get earl blaze. What do you think about the fact that inflation rose to three point two percent in july for the first time and the highest The first time it's gone up in a year. Is this a bad sign of what's to come? Yeah, I think it's a bad sign for a little while. I mean I don't think it's going to be a long-term effect Because you know We always have something like this before You know the big days come, you know with the elections and stuff Okay, okay, I'm not I'm not worried about it. Yeah, it's expected Okay, Nash Cowboy, what do you think about the fact that inflation rose 3.2 percent in july And the highest than the first time it's climbed in a year. What do you think about that? All right, I am on a disagreement with blaze on that one. I think it is a Horrible sign of what's to come Um, I mean, let's face the facts like I like I told you about before about my friend's company Um, they're cutting costs and they fired 200 people a lot of them in high positions. All right and Just like with america, america has to do the same thing They got to cut down their spending massively All right, we have to cut our spending. We got to fire some people in job positions that there's no business even having those job positions We've got to cut cost and quit quit spending billions of dollars in other countries and only then do I see Inflation coming down, but that's just me Oh, wow. Okay. What do you think earl? What's your opinion on this? Well, the opinion is pretty much the same as it was last week whenever we were discussing it or the week before Um, I view, you know that this is the yearly inflation chart, right? So this is You know over the last year. Okay rose 0.2 90 of that was mainly due to the housing market and the uh With inflation You know rising it can be expected Especially as people are having to spend more on interest rates Just for their shelter, right? So they're going to be spending more money there and as far as You know the job availability we discussed that a little bit the other week And uh told you it's going to be real weird because uh, we're going to have fully employed people And we do need to cut down on spending as far as in our economy But you know to get the job done, but you know, we need to also bring down the value Of what it costs to actually buy something. I mean, that's how you influence inflation, right? But we can't do that as well as long as fuel prices are rising 10% within a week Because if I ran one that sees freaking crude oil over in the Gulf Yeah, it's it's it's out of control. I know with us here the gas prices just keep going higher and higher and higher It's the highest i've seen in a very long time since when Oil was over a hundred dollars. We've got gas prices now here at over two dollars a liter The highest in the country here in vancouver somebody's got to pay for all the donations It's completely out of control here in vancouver with how much money is being spent on gas gas prices are crazy And what true though doesn't understand here is that when the gas prices goes up The cost of fuel goes up and then the cost of fuel goes up Which means the cost of transporting those goods go up. So that's why our food prices are going up Our pricing of housing is going up So everything is going up here in canada and on top of that our interest rates are going up So we're paying more now for loans car loans student loans mortgages credit cards lines of credit. We're paying more for tax on food They're charging us more for everything here in canada Are you guys feeling the squeeze of america too or is it just me here in canada? Yeah, yeah, we we are but i mean as far as i'm shipping i mean we went into this a little bit last week You know is that you know the shipping cost hasn't went up. It has actually went down. I mean we've taken A 75 pay cut in the logistic industry, right? Where do you factor in 10 feel on that it's not costing any more since the breakdown Then it is it's actually cheaper for us to ship for y'all to ship goods right now Then it was before we actually hit so the rise in You know actual shipping the stuff Has nothing to do with what you're paying on the shelf nothing at all because we're not actually making any more money As business owners. We're not actually bringing any more money in we're actually losing money So it we're not passing it on down. It's somewhere else. It is somewhere else It is not in the logistics industry. You're in that industry right where you are you are moving goods with trucks yourself You have your own business. So are you finding it hard in that business because with the fuel costs going up There must be less margins for drivers and I would assume that drivers are just leaving the industry Are you seeing that in your industry because I think you've talked about that a little bit Yeah, I mean what was it past 14 months? We saw 500 1000 truck drivers quit 50 000 truck driving companies actually closed their doors and go out of business and so you know you have more Redly available freight to be actually shipped because of it But the problem is is that there's not a crisis or a demand for the products So they're actually not stocking the shelves. They're actually working off their reserves Your importation has been down 75 for the past three years You know, especially since uh, Ukraine kicked off. So I mean you're having less importation So you're having less, you know cheaper goods coming in but we're still not stocking the shelves You know, they swapped over from goods to just sustainability essentials of what you need on the shelves Walmart started doing that six months before The crisis even hit they could already read it and they haven't started swapping back over to services rather than goods or essentials household essentials Yeah, it's pretty scary situation here with what's going on. I really don't like it I really hope that there's a solution in sight. I don't really know what the solution is But the fact that inflation is going back up is a bad thing Because what i'm concerned about is the fact that We may have another raid hike Or two or three or four because they were saying they want inflation at two percent So with inflation at 3.2 percent that just gives paul and truto more excuses to keep raising rates And that's exactly what we don't want. We don't want to pay more interest on everything But when the inflation goes back up that means they're going to they're going to increase rates even more Because that's the only solution to reduce rates. So are you guys worried that they're going to keep hiking rates? I'm not worried. I'm not worried at all because I don't live my life on a credit line so You know, I actually just use what I make and then I go from there I don't go out of pocket essential unless there's like an emergency But you know, we all know this ain't the time to be buying houses, right? The top of the market you don't buy out You might be one person that doesn't like to live on credit, but I would say like 90% of north americans are living on credit A lot of people a lot of people want to build a credit a lot of people want to start getting credit, you know So this is a horrible time for all these Yeah Loaning borrowing money boring car getting mortgages getting their first home and then all of a sudden out everything is doubled Yeah, young families are doomed right That's where they got to get them fixed, you know locked fixed interest rates where you know That's where they got to work at it You know gotta play it smarter. You got to play what you got not what what you hope to have eventually You know to the next topic here because it's a big topic and it's about elan musk and mark zuckerberg So this has been a very trending topic Mark zuckerberg says people should assume elan musk comments about their cake fight has not been agreed on so essentially mark zuckerberg is saying that elan musk is just talking too much about this fight And everyone should just assume that whatever he says has not been agreed on Um, what do you guys think do you guys think this fight's gonna happen? um I'll be honest with you I think zuckerberg's uh using a cowardly way to back out of it Do you think the first gonna happen you think he's you think he's chickening chickening out if he don't If he only wants a fight in an organization that cannot claim liability for a 200 pounder versus 150 pounder He knows damn well. They can't do that There's no liability for that They have restrictions in in all those outfits. So this is him backing out You know very uh cowardly in my book Okay Um, you know, I'd be happier in a two-pecker puppy on dolly parton's leg if the fight happened I would love to see that but With that being said Can you say that one again? What do we have to edit that? Yeah, I want to hear that again a two-legged puppy on dolly. I said I would be happier than a two-peckered puppy On dolly parton's leg if the fight happened All right, you know puppies go around humping everything. Well if they got two of them That's pretty happy anyway with that being said So I would I would love for it to happen my money my money's on elan, but I'm with blaze on this. I think uh I think mark is uh pulling uh A chicken move. I think he's trying to back out What do you think earl you think this fight's gonna happen? You think they're trying to back out? What's up? I think you know Zuck the zuck suck might actually be looking for sponsorship deals, you know um Somebody to pay him to do it because he already knows that uh threads ain't doing anything for him very much as they've already saw you know a 35 decrease in usage since the first week and uh, You know x is continuing to go up and actually starting to get into the profitable margins You know, he can already foresee it in in the cards You could say you're into in his wallet that he's gonna lose already just on his business standpoint much less in the ring But I'd love to see it All right. Well, this this is uh, this is a very trending topic and it's a horrible market pitch Okay To get everybody going and then get the names out there and they ain't gonna play come on Okay. Well today zuckerberg thinks it's time to move on from planned cage fight with musk says elan isn't serious That was today's headline. So all of a sudden Zuckerberg is saying that it's time to move on from the fight. He's saying that elan is not serious so I mean either he's chickening out or maybe he's right Maybe elan's making it too much of a circus but uh zuckerberg is saying that he believes it's time to move on from the fight And he feels like elan isn't serious. So Based on that, do you now think that maybe This isn't gonna happen because to me it looks like zuckerberg's trying to back out I don't think he's scared I think he realizes that he has too much to lose here And that if he loses to elan then he also loses the huge social media war Between facebook and x which would not be good for zuckerberg No Right like imagine if he loses to elan, he's already less popular than elan, right? So let's just see who loses to elan and now all of meta's users move over to x Could be risky for I think they should place the pink slips on the table, you know for this match, you know A pink slip for each one of their privately owned companies. We could say like the boring You know company Versus, you know getting whatsapp or instagram, you know Just throw it on the table make it interesting whoever wins gets the company You know and we can go from there and you know That takes, you know All everything out of the way you can even do it in the metaverse even though, you know in you know In the meta from facebook might not be able to hold up to apple because they've just been losing money to the apple headset too so, you know They're not going to be able to hold the ground very much long with the zucks. So Yeah, it's uh, it's really big news It seems to be like constantly in headlines and elan must even said that they got Approval from the government in italy to fight in the coliseum in rome And and then elan said that he would live stream it on x and zuckerberg could live stream it on meta But zuckerberg came back and said he doesn't want to do that He said he wants to fight either in the ufc or another major organization like the ufc So this is where they're starting to find a problem and a breakdown in the deal elan seems to not want to work with the ufc and zuckerberg wants to be in a real organization when they do the fight So elan got permission to do it in the coliseum that the gladiators were in Yeah That is awesome. Isn't that cool? Like even if you did it through an organization That's still cool. Like how long has it been since somebody fought there? Yeah, probably a hundred years, right? It's better than an organization to be honest with you because You would raise way more money if you did a problem organization fighters They don't deserve to be in the ufc or anything like that Well, maybe, you know, it was since zuck sucks backing out. He can invite trodo over there You know, they can take part of some, you know Patreonage since, you know elan was posting the other day saying he loves canada, you know, they can Have a good beer and fight like old gladiator pals. I think elan's first wife is canadian Oh the second one might be might be trodo's x-wife No, that'd be the ninth All right, let's move on to the next topic. This is another big story. Okay, so this is a very big story, too so Sam bankman free uh the infamous fbx founder and ceo Is now being jailed over alleged witness tampering So a little bit later than when he should have gone to jail I think we all thought he should have gone to jail a long time ago But now he's going to jail over witness tampering. What do you guys think about this? We'll start with you place. It's a cover-up Cover-up it's a cover-up for the mistake that they made that they didn't do it earlier So, uh, I don't believe he tampered with anybody. I just think they're making more stories up And they're just putting a little butter on the bread, you know All right, that's my feeling Um, I think it's just I mean that's possible place I I can buy that but I also think they're trying to cover their asses and keep them away from our computer Because he can let too much information out and um I mean, obviously he's very good at scandaling people Oh Being I think being free is horrible. Also. I think he's a flight risk. I mean The question is though, right tampering with witness. Who's the witness is he's tampering with? Did they announce anybody? I don't know. Yeah Apparently this is like public knowledge. He he admitted to tampering with the witnesses But he felt like he could and the judge felt like it was going over the the line So the judge decided that he was gonna jail him Um, apparently when he did this he was in the court with his parents and his parents started to cry And said bye to their son and I'm like am I supposed to feel sorry for a guy Bro, listen to what you just said Like I'm not Billions of dollars for people. Am I because they're trying to make it like this sob story poor kid going to jail Ex-billionaire. I'm like listen you you stole money from people. You should go to jail Wait, unless it's a different federal rule for billionaires last time I looked when you steal from the public You should go to jail Okay, okay, right. So he stole billions from the public. He didn't go to jail, but he tampered with a witness now He's got to go to jail What do you think about this Earl? I think it's a massive Donkey show You know, he should have been in jail a while ago for what he actually committed now They're having to go back and actually arrest him for Witness tampering and they're just using him as an example of a fresh in your mind case For when they actually go after Donald Trump for witness tampering or influencing witnesses on a criminal charge Because tampering with a case or with witnesses is a criminal charge versus being the civil case, right? So they're just setting the groundwork for it where they can actually show and then, you know He probably came to the conclusion like well, yeah, I'll go do, you know, a couple of months in prison You know or jail playing tenants and You know Eden Martha's Stewards, you know plum cake or something, you know where you know, he's going to be in a nice cushy prison somewhere But you know, they're just setting the example for when they try to do the same thing to Donald Trump I mean the judge came out the other day and said the more that Donald Trump speaks out or tries to aggravate the situation or talk about the case the more Expediated the process is going to be Yeah, that Trump situation is a whole other story man. That's a whole other story So does everybody here feel like sam bankman freed is his story is done now because once he goes to jail Then that's pretty much it right like we probably never see him again. I hope I hope he's in jail for life. Would you guys agree that he gets jailed for life or He's not gonna get jailed for life for a witness tampering Well, no, but I mean if he gets charged on all his other charges that he's supposed to go to jail for in In october, which is fraud and a whole bunch of other things He could easily get life in jail The man is innocent until proven guilty. So we'll have to see from there Yeah You also gotta think about the money Like yeah, how many people did he make rich that's gonna get him out of this? Mm-hmm And how many people's life savings did he steal because apparently there was a lot of people who lost their life savings How many government politicians that he uh don't need to that can save him That's what I'm saying. Yeah And then secondarily We're trying to get people's money back the money didn't just disappear Mm-hmm. Most of it's still locked on exchange and they haven't released it to the people Yeah, because as soon as the scc gets involved they try to get their hands on the money The scc should be in jail. It's not the end of um, sam It's not the end of sand. Okay. Do okay So, let's just so you say it's not the end of sam Nash is at the end of sam bangman free I don't think so um And and let's unless somebody that lost a lot of money as a brother that might be in jail and you know Well, listen first lost money and chris said he knows Lots of big guys from like the middle east that lost like millions on ftx So I know that they're pretty pissed off. They're not being made whole Right. Yeah, but but do they have the connections inside the same jail that he's in? That's the point. I have no idea. I have no idea. And we don't even know what type of jail He's gonna be in really because because that's that's the way our jail system works our prison system If he goes to prison rather than jail Then that's the way it works And we're not the only country that wants a whole Yeah Yeah, for sure What do you think girl? I think china and russia'd love to get their hands on him so they can set up the bricks digital cryptocurrency Like he did the ftx so I mean, you know Who knows whether they'll capture some more people claim them for espionage Like we just did their two spies that they had over here that was feeding information to them from within the military So, you know, you never know what kind of trades will be made in the future Okay All right, so we're gonna move on to this next topic. So the next topic is this Will coinbase delist cardano ada and 13 other altcoins So this is big news looks like Coinbase is being forced by the sec to list some coins And one of the big ones is cardano. Do you guys think this is gonna happen? Let's start with you blaze. Wait, what was that they're forcing them to list them Dealing so Take off cardano and not be able to buy cardano on coinbase, which is crazy to me Well, I don't think they should be able to force anything without a good case Okay So they had a case against uh ripple and they're gonna get smoked even more if they keep on going And put more people's money in debt And they're gonna start with cardano and then they're gonna start with salon And all this good stuff. Look at at the end of the day. It's just them trying to sidetrack that big butt whooping. They just got Okay What do you think Nash Cowboy will coinbase delist cardano? Um, here's what I would like to see happen And that is I would like to see these other companies who grow a set of wavos the size of king kongs And stand up to the sec after seeing ripple winning court. Um, that's what I would like to see Now I understand a lot of people don't want the headache They may delist them. I don't know but But the sec needs to be stood up to a lot more And hopefully coinbase has grown a little bit Downstairs and be able to do that All right, king girl. We can't put more people's money. Uh, yeah, do you wisdom and have everybody that has cardano upset? I view that the CEO of cardano was trying to heavily influence the us treasury and congress and the Financial boards to heavily regulate or actually pass regulation for crypto And they was working hand in hand Even while sam bankman was there But as far as just proving that there was commodities versus Securities, right? So he was working to try to get it done. Where's the lawsuit suing cardano? Why are you going after an exchange? Versus the coin that you're claiming to be a security that you're supposed to be Didn't register with you, but was sitting with you in several courtrooms trying to help you pass regulation on crypto right so Are we looking at them trying to sign some and just try to pull a rug out from underneath them because You gotta look finance also just removed cardano and mattox pairing group from finance Well, right that's about all they'll do from what I've heard the reason why you see when after Coinbase was because they wanted these 13 coins being removed Coinbase said no that they call securities. Yes coinbase said no That's when the sec decided to sue coinbase. So essentially coinbase did stand up to the sec Yes coinbase did stand up to the sec and said we are not delisting and removing these coins We believe they are not securities and we're going to continue to allow our customers to buy and sell these coins That's when the sec sued Coinbase so do you guys think the sec has a case? And do you guys think the sec can win against coinbase? And do you think that cardano is a security? We'll start with you blaze. What do you think? No Cardano is not a security in my book. I think it's a good asset and at the end of the day Do I think they're going to delist them? I think coinbase has got Big cahonias and they're going to say no and I'm sick of the sec wasting our time Yeah, it just seems like they're I think they need to regroup. I think they need to rebuild and regroup and Smarten up because we can do without them. They're nothing but a big headache and it causes a lot of people grief Okay, Nash Cowboy, what do you think? um, I think the sec is uh, definitely part of the problem on bringing our economy down for one thing um, I hope that they don't delist them um Like I said, I just what do you think do you think they're gonna? I I don't If I I think it's about a 60 40 chance I think they won't but There's always that chance that they're getting a little scared Um, I do not think cardano is a security I think it's all smoke and mirrors on ushering and fed now and everything trying to keep people's eyes on everything else um So no, I'll I'll I'll stick with I don't think they're gonna delist them Okay, hurl. What do you think? I don't think they're gonna delist them But I would like to see the sec quit suing people and trying to get rich And actually take it to civil court and try to prove something Rather than just getting money or a paycheck like they continuously do off black rock and the rest of the institutionals Most cryptos are securities in a way due to the current regulations Right, but they don't have proper regulations on digital currencies And that's the issue Now they can either take it to court and let a judge decide on the regulations And what's right and what's wrong? Or they can continue to try to pattyfoot around and sue people which is going to do absolutely nothing Agree they just want a paycheck You know this leads to my next question and this is a big one because China is taking advantage Of what is happening in north america. So as north america sleeps on what is happening with crypto China has done the opposite. They now started to open up crypto So china just made a significant game changing move That could be about to hit the price of bitcoin ethereum finance xrp Cardano dogecoin tron polygon and salana. What did they do? They just opened up two exchanges in hong kong After shutting down in 2021 China through hong kong has decided to open up And give their first licenses were awarded this week to bitcoin and crypto exchanges called hash key and osl Allowing them to serve retail customers in the city of hong kong a so-called special administrative region of china So all of a sudden They're opening up crypto in hong kong After two years after shutting down crypto. What do you guys think about this? We'll start with you We'll go with them. We'll go with them. We can't beat them. We'll join them because China tried to push their own token and it failed miserably So now they got to get back into the swing of things and they're catching everybody while they're not paying attention and acting like Oh, we're gonna be the first ones to say, okay. Let's make this happen. Um At the end of the day being a crypto investor. I like it Okay I like I don't think they did anything better than anybody. I keep on opening up the doors. Thank you Well, I just think it's interesting timing. So as north america and specifically united states It's really hard on crypto China's deciding to open up crypto for the first Years This spot they're gonna make money out of this they're very strategic In their you know what rich to be honest with you They got to make money out of this Of course because they lost a lot of money in what they've done And they know there's a bull market coming and they're positioning themselves Perfectly at the perfect time While america's doing the opposite at the sec suing everybody Trying to slow down crypto china said hey, you know what while the sec makes things harder for americans We're gonna make things easier We're gonna open up two new exchanges in hong kong where you can buy all the top cryptos Included cardano the same coin that the sec is trying to say is a security What do you think about that cowboy? Um, i'm more on the skeptic side of things with this number one Why did they shut down in 2021 did they shut down before or after the bull the bull run? Um, I don't know if you all know that the answer to that or not after after after Okay, so maybe Maybe it's maybe they they may do the same thing again After a bull run they helped it they helped a bear run hit Yeah So So if if they got You know a bunch of people investing and then if they do the same thing does that not hurt americans more I mean Get china to take a bunch of people's money and then shut it down again. I mean will they do it You know, why did they shut down before? I don't know There was too many scams at the time There was way too many ico's being opened up everyone was trying to create a coin There was way too many securities out there. They had their own national uh token too And they had their own coin that they wanted to launch it failed that was in me You know what let's let's launch two exchanges in hong kong And let's do it with these eight to ten coins Yep, and what they're doing is they're really protecting their investors Notice that shiba inu isn't on the list Not yet And i'm not it's only the top 10 on there. It's only the top Ethereum benance xrp Cardano, doge dogecoin tron polygon and salana nine coins Yep The tron tron being a top coin is tronito. It's it's um, it's a blockchain. So I like it It's bitcoin ethereum tether finance xrp usdc dogecoin cardano solano tron polygon Like coin that's your top 13 Wow, but you kind of got to take tether out of there. So well, that's why I gave it to 13. Yeah, so So, yeah, I mean, maybe they're just doing it a little smarter uh, definitely more solid investments than You know the hundreds and hundreds of cryptos that are out there that we put our money in um, which would Again bring less money or more money from other countries into their country Uh, because what are those people going to do with the money? They're going to spend it 100% you know, so it would boost their economy and hurt ours We still in we we get a hand from mr. Earl about his opinion. All right. What do you think girl? What do you think about this? I think it is perfect timing. Um, I would like to see what the sec is using all their money that they're suing people for Where they're actually spending that because we already know that China had set up their own token And tried to get people's money and then they shut down all cryptocurrency seized all of it And then they had a plethora of money now they're talking about launching their own You know international token with several other BRICS countries You know, the u.s. Is currently trying to launch their own token of the fed now program you know through ripple net and uh You know, we're not seeing the movement of money There needs to be you know a little bit of close eye on that But you know Secretary Yellen ain't worried about it. So why should we be but you know, let's introduce that 18 trillion dollars back onto the market You know, that's available over there Continue giving China all of our money as far as distribution of wealth You know and then see where we go because we're looking at what 76.8 trillion dollars from 1970s You know that's being moved around from four millennials So, you know, there's plethora of money. Let's get more people interested But you know, we're just going to fall further behind if you don't get invested You know, whenever you can and then the right things Like it's a complete setup bro. What what happened? What happened to all the money that was invested in china before they shut it down in 2021? They seized it They seized it So this is a complete setup they're going to allow them to buy all those cryptos, right? But that's what I'm saying later on they're gonna say you can only cat you can only turn if you cash it out You can only turn it into the bricks talking They're gonna set them up. That's what I'm saying. I'm on the comparison I think I think they're gonna do it again to give them what they want. So they'll turn it into bricks money They want to buy stuff I think it's also an admission that hey crypto is here, right crypto is here It's here to stay Maybe right you can't beat them join them. Yeah, maybe not all the coins, but we believe these coins are Safe even for our investors our country our community of investors our country of investors To go and buy and trade and flip these 13 specific coins But whatever you reward is always a benefit So when they want to cash it out in all these countries that are forming this bricks token They will have to cash it into the bricks money Yeah Guys they're setting this up to overpower us and that's why they picked the top like nine tokens And the other thing is they're they're turning this faucet back on Which is going to be I'm sure a massive rush into crypto We all know that they've turned it off before so at any point in time they could turn it off So what we're gonna do is we're gonna watch this very very carefully Because if they do turn it off in the future We need to be ready because that's going to be a sell signal Like as much as in my opinion as a buy signal for all of those coins I think it's a straight buy signal huge buy signal for all those coins because that means a lot of money's coming in A lot, but at some point maybe in 2026 they're gonna say, you know what? Crypto's too risky. I think we're gonna shut it off again And when they do that that's going to be the sell signal because essentially that's what they did In 2021 when bitcoin hit its high of 69 000 They decided at that point to start shutting it off and then we saw bitcoin go from 69 000 all the way down to 15 000 the next year Last year in 2022 and the reason being is because china and russia both bailed out Okay, the four main groups uh china russia usa canada when it comes to crypto My book okay all my researchers When china goes down they they created they helped create that bear run and then russia's war Okay, people cashed out and then the token dropped dramatically After the luna with the war china bailing out russia bailing out So that took more than half the token away, but it recovered back to about 50 of what it was at all time high about 45 So with china coming back in rich Suckers going up in my book Oh, buddy. I have no doubt. We've all talked about this. We all know that the bull market is coming and look at this It's not just china. Look at this news japan Benance japan to launch operations in august So all of a sudden benance japan is launching operations in august as well So what do you think about this blaze? Now i think it's launching operations in japan. They're getting set up Everyone's getting ready for the bull market. You guys see the writing on the wall It's right there. Well japan runs with us. So at the end of the day they're stepping in to back us up Okay, yeah, what do you think? And the interest in crypto is getting very big in japan Yeah, clearly they're launching benance over there. Yeah Hey crypto is definitely growing there and I think benance is the right step For their crypto market because obviously benance is huge Um, and they could set Crypto on fire in japan, you know, like it could be great as long as they do the the things that benance wants to Uh, accomplish there, you know what i'm saying? Oh, I think they know With the technology that benance has to And to offer them, you know With their spot trading and all their services. Yeah, they're uh, they're yields on their farming and stuff Uh, I think it could be great not only for Japanese crypto market, but it could it could potentially send us Into a lot bigger bull market than what we expect. Oh my god 145 million people grow some population over there Yeah, what do you think about this? I think there's a lot more money in south korea than japan these days um You know Japan missed its movement A long time ago And then south korea bypassed it and china bypassed it You know japan has to get up somewhere Instead of trying to build islands and militarize them around The coast of japan, you know under the cover of darkness, but you know we have to look at Binance was also accepted in dubai right So yeah, finance is making moves in bigger areas with large populations and I don't view they're going to be doing too awful much over there They don't have the current infrastructure Right for it right now japan has a lot more of the infrastructure But I still don't think they're ready for the digital age 100 percent you know They have to get into a better banking system in japan because the housing economy Is crashing in japan as well businesses. There's nowhere to build because it's so built up And then you just don't have anywhere for your economy to take off You're not majoring in the steel manufacturing anymore You know aluminum or coal or anything So what are they providing that's actually going to boost their economy? Crypto might be their only answer to save the current currency that they have so They might be doing a last-ditch effort. You never know so You know it's gonna be interesting. Yeah, it's a smart move because If they invest into the right cryptos and it does skyrocket then their national Yeah They're trying to sell ETFs right now at book value and claim the money from it And then sell them to people more expensive Right So they're just trying to save their own eye right now So here's the next topic guys we got 15 minutes left. There's 262 billion dollars In deposits that have exited j.p. Morgan Wells Fargo bank of america and city bank in one year as the government reveals collapse of another US bank Is it safe? Do you guys as americans feel safe to put your money in a US bank when you hear that 262 billion dollars in deposits have left us banks We'll start with you blaze I never like banks to begin with but um The things we do nowadays we need a bank, you know, um crypto and stuff and I don't honestly My whole life. I never thought it was safe in a bank You feel safe with your money in a bank now No, because I mean the money you make off your money. The interest is garbage And then it's not probably that's probably why people are moving it to other places $10,000 checking only had $500 available for four days, bro What the hell's that all about? You know, I don't like I don't like it. I don't trust it at any given time We could be robbed by our own government That's what it feels like. It definitely feels like that right now here in canada as well I'm very very skeptical about it. I'd rather have a roll in my pocket and it's safe in my room I hear you. That's what a lot of people are going to in alleged That's what a lot of people are going to I definitely do not feel safe having my money in a bank right now, especially with all the banks Going bankrupt And making it hard to uh, get your money out Even like My bank, you know, they went to limiting people unless you Ask for it ahead of time. I can only spend $1,200 a day on my card Um So like Yeah, it's my money. I should be able to spend whatever the hell I want. Who the hell day I keep on making a phone call I spent 10 bucks So like sometimes sometimes I'll go to use my card and I'm like And it gets to client. I'm like, oh shit. I've spent over $1,200. I paid some bills today and this and that And Now I can't buy these groceries. I got to call the bank for And tell them to up my limit And hopefully they can do it before I'm ready to leave the grocery store, you know Uh, it it's bullshit. It's my money. I should be able to spend it where I want So $262 billion leaves banks in America, that's a lot of money I said this months ago when When Warren brought this all this stocks except for what was it bank of america Um, I said something big was about to happen and it's been a shit show ever since $262 billion is leaving the major u.s banks. Is this something for americans to be worried about? I do feel that you know, they should be worried about it because we've been in a digital age of money Just moving across debit card since the 90s Um and across the world, but we need to look at Reworking the banking systems. I mean look at jp morgan. They've had a couple of cases here where they're Overdrawing people's accounts for 99 billion dollars That were not in there they had three thousand dollars before and then they charged that account 99 billion dollars Not the first time It just happened this week somebody went negative 99 billion dollars and after a week no answers No answers Chase has shut down transactions where people are trying to buy You got a billionaire in los vegas. He's trying to buy a trip on virgin mobile for 200 thousand dollars Chase bank is shutting him down declining his transactions. He has the money The u.s banking Is worried about having liquidity And they're worried about the new regulations coming in like canada is passing where you have to have the money on hand And keep it within the banking system right And have a one-to-one option Because their current options that they have with Broker deals through the u.s bonds is they're having to sell them to stay afloat and they're selling them at a way low cost With high interest rates Right and they're borrowing with way high interest rates. They're never going to be able to cover it So they're trying to cover their own butts But that's part of the problem with the banking is they're using your money to make Money rather than using your money to help you make money Yeah, and that's where the liquidity issue comes because they don't have the money on hand because they're investing it Exactly money you go to a bank you ask them for 20 grand. They're like, oh, it's gonna take you three days Well, you don't have 20 grand You know and they'll say no we don't have 20 grand sir We're gonna it's gonna take us three days to order your 20 grand because the 20 grand is being leveraged I don't know how many times on some other investment And that's just how banks operate and I don't think a lot of people really understand that I don't like boys. We got them. We're down to our last 11 minutes. I got another topic here. I want to go over Right here Here we go So google parrot company alphabet Nearly offloads 90 stake in trading app robin hood. So my question is is robin hood dead blaze. We'll start with you Yes, robin hood's dead Wow, really I don't like robin hood. I'll be honest with you and I'm gonna be blunt about it um They they play games with me, man, massachusetts my state of massachusetts where I my native state of mass Was against that company And yeah, I don't I don't think robin hood's gonna survive Wow, okay, nashka hold your money. They hold your money. They play the same game with you Yeah, they play games, you know and when when the market goes up, they don't let you sell market goes down. They don't let you sell I sold my they wanted to sell and that's not right. I sold my dodge coin at 71 cents by the time it went through What was there? Oh 50 cents? So you lost 20 cents on that trade. That's terrible execution 20 A lot of money terrible execution. Yeah, I couldn't be on an exchange like that. That would not work for me Nope What do you think about nashka boy is is robin hood dead? You're in america Robinhood's an american app. Is it dead? Robinhood, I think has been dead for a long time since the whole Uh game stop episode. I think shiba was its last hurrah. They added shiba. They had a huge spike Then after shiba that was like their last big hurrah and they did something with shiba Yeah, so I think I have a couple small stocks that I bought on there But I keep forgetting that I even have robin hood because I don't ever use it But I need to I need to sell that shit and get off of there. I don't have much. I'm there a couple hundred bucks All right Can I tell you some I don't even have the app anymore and some guy tried to Have me pay him a thousand dollars Some name popped up on my text Justin's something requesting a thousand dollars from robin hood. I'm like, huh What I don't even have it no more. We shut that thing down Earl is robin hood dead. What do you think? I do believe that they're going to be on their way out But I mean we have to look at where the money is actually tied in it's not going to be just through crypto but You know people don't like robin hood due to what they did with game stop and other You know stocks so Am you know people ain't gonna be trusting their money with robin hood much less in stocks very much longer if You know people don't start straightening their act out Because why invest in a stock when you might be looking at a 2% dividend when you invested it into a new cryptocurrency and potentially get a 1315 percent gain overnight Okay, and now it's going to our next topic. This is a very sad sad topic This is about the Maui wildfires So, um, I don't know the real numbers now the real death toll numbers. I'm sure they're staggering This article says 93. I believe we're over a hundred now If that's the right number, I don't know But I think I've heard that they're over a hundred now dead in Maui What do you think about these wildfires blaze? Uh, do you think that these were man made? Do you think that this was a natural disaster? Some people have their own theories. What's your theory blaze? What do you think's going on? Okay. So basically people's conspiracy is that they wanted to land somebody wanted to land Possibility you send, you know, one of the thugs out cause of fire knowing that there's a Deadly storm off the coast of hawaii not going to hit but the wind gusts are going to be Very crucial towards a fire burning So, I mean the debt tolls that around a hundred right now They have hundreds of cars. They haven't even looked in that been burnt that was stuck together um We're gonna see a lot more and you know, god bless everybody. I don't know why if you're listening Um, I just feel like it was another, you know, man-caused thing Okay, and nature finished it up because man used nature in this effect and that's not cool Yeah, there's a Tool called direct energy that apparently was deployed in this I've seen videos. I have no idea if it was used or not, but it's disturbing to think that People would actually do this to other people in order to own their land but there are stories that specifically in that part of the country that was devastated that there was People talking about buying the land purchasing the land and the locals didn't want to sell their land Well, Richard they give away and the other issue is there's a whole bunch of celebrity homes on that On that land that weren't touched miraculously Right. Oprah Winfrey's home wasn't damaged many many Famous celebrities homes weren't damaged amongst all the destruction How does the fire know not to go to their homes? That's a good question and the the messed up thing is we're gonna find out when rebuilding starts who takes over and who's rebuilding Those will probably be the guilty ones Nash Cowboy, what do you think about this? Was this man made? Is this the natural disaster? Is there Some conspiracy theory happening here? What do you think? I'm definitely on the conspiracy side of this. I've already seen tons of people that have posted videos from there And they're saying that the death toll is actually much higher than what they're reporting They're saying in the 500 range And that was that was back when they were reporting like 80 So 33 and it was really like 180 people dead So like I think they're covering up a lot. Um, I think that almost every wildfire that we've had in Canada and everywhere Has been man forced um Because catastrophe brings power Um when people are in need it brings power So again, you can You know, they want the land So after you've lost everything, you know, what do you do? You give in um So i'm definitely on the conspiracy side of this, especially after seeing people That are there reporting that The government is hiding a lot and they're covering it up Um And I want everyone to really pray for the people of Maui They they didn't deserve this to happen to their beautiful city Uh Country and may they all the people that have died rest in peace. It's a very sad sad situation It's a very horrible tragedy king earl. What do you think about this? We got a few minutes left guys What do you think? Yeah, it's got uh, we got about three minutes. I'll try to speed this up Uh currently with uh, hawaii Uh, they have a plan council meeting where they've met about in april and they'd actually voted on creating a new digital all green Solar city within the country itself, right and then they also passed regulation where they're going to use ai artificial intelligence to help govern the island Yeah, I heard that too now You know That was going to be the step forward now. This does give them the opportunity to use this disaster as a building moment however I don't like the fact that people are using this as clickbait For their tiktok videos their instagram videos and where I go and I see freaking lasers from a weather Satellite from january that they're trying to use the imaging for or freaking pictures from 2018 in california And they're throwing these into their conspiracy theory videos and trying to get it just for clickbait You got to really do your research when you're looking at these videos And photos especially now that we have artificial intelligence that can make anything look the way you want it, right? And now secondarily, you know, whether it's a conspiracy theory or not of what actually happened It's too early to tell right now People need to get off of the conspiracy bone and get on to helping Americans get through the disaster that's happened look at the supply chain issues Look at why the local governments aren't letting supplies in because they're not femo regulated Let's get back on to helping americans The way they should be and rebuild The people so we can rebuild the country All right, well said so I got one more last topic before we say goodbye and we'll just go through it really really quickly so retail investors flock to penny stocks this week we work amry's Protera these are all penny stocks that had really really big weeks Do you guys think that now is the time to start buying penny stocks? Penny stocks have been literally dead for two years. They have to turn around sometime I believe I'm hoping that they're going to start to turn around because big stocks have gone up And crypto's gone up and penny stocks have not so maybe now starting in september october november We're going to start to see altcoins and penny stocks start to take off What do you guys think is this penny stock season right now? We'll start with you blaze Absolutely because we're we're heading towards a bull run and every time crypto has bull run. It's always that pennies and below penny um coins you can buy and So those penny stocks get real hot because people are looking for the next big thing and a very quick hit You know, so those things kind of erupt just as well is all the all coins will And you know, I love penny stocks and I love stocks So i'm going to be all over it and if they erupt i'm going to be right there to take advantage Me too. You think this is penny stock season now? Are you excited for my penny stocks? Are you looking into penny stocks? What do you think? well, you know I've always said with penny stocks That penny stocks are mostly for day traders All right, I don't I don't know if I would ever suggest long term holding on a penny stock uh It's dangerous. It's very risky um and You know, of course, I'm not a financial advisor, but Uh, if you don't know what you're doing with any stocks my suggestion is stay away from Period great advice king earl last comment. What do you think? I'm not finding a lot of financial advisor However, all coin season's coming up the weed industry is down the marijuana cannabis industry is completely down The acid the tripping and all that industry is down the cbd all that had crashed That money's going to go somewhere people are looking for new things to invest in right whether it's going to be The next yeah, whether it's going to be the next penny stock or the next ai do your own research And look at what you're investing in don't fall into the wish dot com wish bucket And uh be flatlined at the end Thank you guys so much for being here. Thank you everyone for watching This is the bull and bear show episode number 12 and my co-host today. Thank you for joining us blaze in florida and Nash cowboy in tennessee And king earl in alabama. Thank you guys from america. Love you guys appreciate you guys Thank you guys for watching and remember there's always a bull or bear market somewhere and we're going to help you find it Thank you for watching everybody. Have a great day gentlemen. Enjoy your sunday and we have a break next week So we'll see you guys in two weeks. Okay. Yep much love brothers. All right guys