 Now, we're definitely gonna be taking out this segment from this full live stream, and if you're watching this segment right now, there's a full live stream, there's salutations at the beginning, I don't know what's gonna come afterwards and stuff like this, but I'm just gonna try to condense this in maybe an hour of presentation or 45 minutes or however long it takes, right? Hopefully it won't take long or not. I might cut some corners to make sure it's digestible. Okay, but what you need to do, what you need to do is not do, but highly recommend it that we put out two videos that are related to what we're about to talk about. Okay, what we're about to talk about. Here is a video that we put out, okay? It's called understanding, I titled on the, as you can see, that's the thumbnail for it, right? Understanding current events. And let me give the link to the people in the live stream. And what I titled this video as, I named it, watch this video to understand current events, geopolitics, the markets, investing, and more. And it's ASMR, nice and chill, the way we're doing right now. And I put M1 in there because it's related to the M1 money supply. So here's the link, and this goes to my Patreon page because this video is available on Bitube, Rumble, and SensorTube. And I synced up Odyssey and SensorTube after we put out this video. So hopefully it's available on Odyssey as well. I do need to take a look at it to see if it's available on there. And we put this out in February 2021, two years ago, okay? So this video we put out two years ago. And here's another video that is connected to this. And we put this out around the same time. Since someone mentioned GameStop. This is another video we put out regarding the markets, what was happening with the GameStop stock share with naked short selling and stuff like this. And the thumbnails for this says Wall Street GameStop and Wall Street Bets, what it all means. And here's the link again to the Patreon page that we put out with links to Bitube, Rumble, and Odyssey. That's where the video was uploaded. Most likely will be on, sorry, on SensorTube and most likely will be on Odyssey as well. And I titled this video, Understanding Wall Street and the Action on GameStop, Wall Street Bets, what it all means, live segment. And again, this is a part of a live segment the way we're doing right now. And this is the link for it. And you can find the link for the videos on these two links, right? Both videos. I would say for this video, the top video is more important to watch because this is about money supply, right? This is about interest rates. And I forget who it was. I think it was Sleepy Waves two days ago when we were doing our other live stream. We were talking about investing in personal finance. Sleepy Waves asked to give a better explanation of what interest rates are, right? Went off on a little two minute rant or something like this, five minute rant, I can't remember. And in that rant, the shortest, the quickest explanation of what interest rates are. Interest rates are, you can think about it as the cost of money. How much it costs you to get money, right? That's the best way to think about it, right? So when interest rates are zero, it costs you nothing to get free money, right? You just give you money. Here, here's money. Pay us back whenever, no interest, right? Okay, that's free money when interest rates are zero. When interest rates go negative, they're giving away money and you better do something with it because the money's losing its value all the time, right? When interest rates go up, it means it costs you money to get money, right? There's a certain cost associated for getting a certain amount of funds, okay? Important to keep this in mind, the top video goes through this and talks about some of the implication of the money dump that occurred in the last two years and we're gonna talk about this as well, okay? So I'll have the links in the description of this video after the fact when it's been uploaded. Chico, would you ever tutor someone privately on how to play the markets? Obviously, I would pay you for each class. I feel like I've been watching your stream for years but I still haven't fully gotten a grip on anything. Now, here's the kicker, Sleepy Waves. It's like poker. To be able to become a good poker player, you can't just sit and watch and you can't not play for just no money. You have to be in the markets, begin trading to understand what's going on. I do tutor privately. I'm not really interested, to tell you the truth right now too, because I'm not in the markets. I'm not interested in trading right now. I mentioned, I go in and out of the markets but I mentioned that when I pulled out, what was it? I forget how many months ago, I said, okay, I'm not playing it but if I was playing it, I'd be short, right? Long certain things but mainly short. So it's a cycle. You need to learn, and by the way, everybody cannot be a trader. Everybody cannot be a trader. A lot of people don't have the capacity to become a trader. So keep that in mind. Trading is just something you can learn how to do and some people are not made for that. A lot of people are not made for that, right? You have to disconnect yourself from your emotions. Okay, Ronnie Chichot, do you feel the US dollar should never have been un-pegged to the gold standard? They had no choice. They printed so much in 1971, 71, 72, 73, Winderik or 71, I think, Nixon did it. People came calling for gold, bring them back money saying, give us gold. This says, paper says, we can redeem this for gold than the US said. Get lost, we don't have that much gold to give you. So they un-pegged it and then they pegged it to the petrodollar, right? Made it a petrodollar. It's too late to peg it against gold now. You can't do it. It's impossible. With a new system coming up, possibly. But right now it's no man's land. Right now it's no man's land. Okay, so gang, let's talk about what just took place last week on Thursday and what was the date on this? Thursday, March 9th, 2023. And here's the one, the company that we're gonna talk about. Let me put this up. This is Silicon Valley. This is a chart of Silicon Valley for five year chart for Silicon Valley Bank Financial Group, right? It was considered to be, I think the 17th largest bank in the United States at the time, which was last week, right? It was rated as five years in a row as one of the most solid banks by Forbes, I believe. It highly regarded by every financial advisor you can think of in every banking financial firm you can think of people praising this thing left and right, left and right. Considered to be, it was basically like triple A subprime mortgages that they were selling in the early 2000s, right? Before people realized the Securities and Exchange Commissions and all these rating companies that rated these mortgages as triple A were just BSing, right? They were lying. It's the same type of thing that happened with, to a certain degree, not as much. Madoff was a different game, but in regards to how the financial system is running in the United States of America, it was pretty much the same thing, the same problems you see with Silicon Valley Bank as you did with Madoff, right? So for example, Madoff scam occurred, right? And they brought on the Securities and Exchange person that was supposed to be the watchdog, watching over the Madoff type of funds and they put her on the stand and asked her, hey, what's going on? How come you didn't see this happening? And she said, and she cried on the stand. This is government watchdog, right? That's supposed to be protecting regular Joe Blow, me and you from scams like Madoff and the savings and loans in the 1980s and the subprime mortgage crisis. And this is related, what's going on right now with Silver, Silicon Valley Bank is related to interest rates and bonds and fortune money down the toilet really and people doing things which zero thought involved with them. They put her on the stand, asked her, how could Madoff get away with this for multiple years to the tune of $50 billion, right? And she cried on the stand and said, the math was too hard for me to understand, right? Which is why we're doing this, right? The math was too hard according to the government regulator who was supposed to be watching over the Madoff scam cried on the stand saying the math was too hard for her to understand what was happening. So they said it was a good investment, right? Good fund to put your money in, right? Same type of excuses came up for the subprime mortgage crisis. Same type of excuses that are being laid out right now for Silicon Valley Bank and the multiple other banks. I think three other banks have also failed. Two or three other banks have also failed in the last few days. And this could be the tip of the iceberg if the Fed is gonna continue to raise interest rates which in my opinion, to a certain degree they are because they need a strong dollar and the repercussions of this will be more consolidation in the banking industry where the bigger banks are gonna gobble up all these little smaller banks. Now Silicon Valley Bank wasn't that small. I mean, if you wanna see what the market cap of Silicon Valley Bank was, if you go all the way down here, you see up here, you see something, there's previous close year range and then market cap, you see market cap was $6.28 billion, right? And I look up, the math was too hard. I'm gonna drop it off indeed. So market cap when it was trading at $106. And by the way, this is a screen cap I grabbed for Thursday. Okay, and the stock was down 60%. On Friday pre-market, the stock was down another 50%. So it was trading around $50 and it never opened up. So in pre-market, if you could dump your shares, you saved a little bit of your money, right? Otherwise, the stock didn't trade anymore. And if you had stock in this company, done, zero, right? So right now on Thursday when I guess the poop hit the fan, the stock was trading at $106 and its market cap was $6.2 billion. If you go back a year, right? Right at the same area on the table down here, in the top, you see year range. The high for the year was around $600. And if we say this was at $100, right? If the stock was trading the screen cap that we have right now, at $100 so it was worth $6 billion, multiply that by six. So this thing a year ago was worth $36 billion, right, the market capitalization on it. And in the year, it went down to what you see here. The day before this, it was down 60%, it was trading like a week before this, it was trading around $320, right? So triple what you're seeing right now, okay? And a few hours before and a few, couple of days before the management of this bank were selling their shares, dump, dump, dump. And they sent out bonuses a few hours to the management before the stock, before you see what happens here, right? Before the stock was halted, right? Before the government took over the bank, right? They were sending out bonuses to management. So please appreciate that this didn't come out of the blue. This was known what was going on. This was, insiders knew what was going on. And as I mentioned with this video, dump, dump, let me put it up here. This video that we put out in February, 2021, at the beginning of 2021, right? Two years plus, two years and three months, two years and two months ago, we talked about what was about to happen with the banking system, with the institutions, with the markets, with inflation, right? We talked about what this was going to do, right? So we knew, and if you've been following the videos of when doing personal finance, investing, trading, and all this stuff, and current industry, you know what we knew, right? And the investments that the management this bank was doing went contrary to what we're seeing, but when the ship was about to hit the fan, the management was selling all their stocks. So they're pulling out their monies, okay? We'll talk about this, we'll talk about this. So that's sort of the intro of what we're about to do, okay? I'm just gonna read the chat for a couple of seconds. Ronnie, too many institutions have excellent credit, but I'm sure they're far from being excellent. Indeed, indeed. I'm gonna read these things really quick, right? Lexta, they were like 16th biggest bank or something quite big. Yeah, they were the 17th, I believe, largest bank, and considered to be one of the five years in a row, considered to be one of the most stable banks, according to Forbes magazine, right? That tells you how deep the scam goes, okay? Ronnie, exactly, SVB sold millions of dollars of shares indeed, and they took up bonuses. The CFO or something, chief, sold like 30% of the thing. And here's the thing, if you wanna know how corrupt this whole thing is, here's a link. Here's a link, I'm gonna link it up in the chat, I'll link it up in the description of this video as well, okay? This is one of the management that was working for Silicon Valley Bank, right? Joseph Gentile is the chief administrator, officer of SVB, all right? In his resume, like a little intro, he was involved with Lehman Brothers, which was involved in the the subprime mortgage crisis in the mid-2000s and basically involved in one of the greatest scams in US history, right? And I read the comments in this link to this post, and this guy was actually involved with Arthur Anderson as well, which was connected with Enron. So this management, top management, was involved with Enron and the subprime mortgage crisis, crisis scam, right? And now this one, and he got his bonuses, he got everything that he wanted to get, right? So keep this in mind, one of the reasons we have to hold people accountable, which why we constantly, every 15 minutes, we have a little comment coming on saying, free Assange, free Assange, free Assange, why? Because Julian Assange, a publisher and journalist, has been crucified for trying to bring transparency and accountability of capital as power to humanity, to me and you, right? Transparency and accountability. We have one person here that was involved in the last 20 years, right now, considered to be three of the largest collapses in US history, right? Enron, subprime mortgage collapse, and Silicon Valley Bank, the same dude was in top management, right? What are we doing with people like this? We're reporting, we're trying to bring us, bring shine of light to this darkness. We have them sitting in jail in the UK with the US government, UK government, Swedish government and the Australian government collaborating to torture a person that's trying to shine a light on this darkness, right? Insanity, insanity, right? Keep this in mind, keep this in mind. Extremely important, right? So let's, with that intro given, right? Sorry about the long intro because you have to appreciate that this is a very, I wouldn't say intricate, but it's a long-term game at play, right? The end result, by the way, is going to be consolidation of more power, centralization of more power, elimination of smaller local banks with all the funds going to centralized banking and the rollout of central bank digital currencies where they're trying to eliminate cash and basically enslave humanity, right? These same people that have done this, scams, scams, scams with regulators that don't know the mathematics, cry on the stand saying they didn't understand the mathematics so they gave it a AAA rating, okay? These same scammers and these same incompetent people want to centralize currency, centralize the way me and you do commerce, limit our capacity to do commerce, okay? Limit our capacity to do business, control every aspect of what we do, tax the living crap out of it, right? Take more and more so they can pay out themselves more and more, okay? Keep this in mind, the root of the problem, which is why this stuff is not taught in centralized indoctrination centers because they want slaves to continue to fund this scam, to fund this Ponzi scheme, right? What the buck, oh, seven, first time chat, hey everyone, chichou, you the man, thanks, and welcome to our live stream, welcome to our live stream. Again, I'm gonna, let's get into a chichou, let's get into it, that's the intro. Now, again, if you took a look at this video we put out two years ago, okay? I'm gonna give you a really quick lowdown on this, okay? This was, this video was basically, I called it, I'm gonna say it again, I'm gonna call it, watch this video to understand current and geopolitics, the markets, investing, and more, okay? So, here's the kicker. Here is what the sort of, what was laid in front of us before the Silicon Valley Bank thing occurred, right? So basically, the Federal Reserve and the government, Federal Reserve prints the money, the government spends the money, right? So the government was spending a lot, why? Because in 2020, 2020, right? We had something take place in the world where the world wanted to lock down the economy, they centralized power, ground the economy to a halt, right? And then in 2021, from 2020 to 2021, they started pumping money into the system, started pumping money into the system. This is a gigantic dollar sign. We're not talking about a little bit of money, 10% of what was there. The amount of money, if you watch that video, you'll understand that 40% of the total money supply that they had put out into the market, okay? For the last 100 years was put out during this period, right? Wow, wow, wow, wow. Now, all the way to 2022, okay? More money printing, more money printing, more money printing, more money printing, more money printing. Interest rates at near zero, interest rates near zero. In Europe, they were negative, okay? In Europe, they were negative. So this is the money they're printing up. Lots of money, lots of money, lots of money, lots of money, lots of money, lots of money. And we're going into 2023. And money printing sort of started trickling down in the mid-2020s, right? They started tapering, tapering, tapering, tapering, which means they started taking money out of the system, out of the system. Even though in February 24th, 2023, 2022, we had a war begin, right? So there was another major event taking place, right? So energy prices going through the roof and stuff like that. So what happened here while this stuff was going on? Interest rates stayed flat. Interest rates flat. Interest rates flat, flat, flat, flat, flat, flat. This is when at the beginning of 2021, where we put out the videos, right? This video, this video, and this video we put out talking about the free money and stuff like this, what that was going to do. And you can see at the top, in the top right, where is it? If you go all the way to the end, you'll see a chart like this, the money supply going like this, going like this, and then it went like this, right? This was money being pumped into the system. Oh, you're not seeing that. So let me take these guys down. Oops, sorry. So basically went like this, went like this, and this is the money supply, M1, the fast money they call it, right? This is money, and this is time, right? Time, money, and in a year time, they pumped in this much money into the system. Now when we made that video in 2021, we said this is gonna bring on inflation. This is a lot of money. A lot of money into the market, right? They gave this money to Wall Street, they gave this money to billionaires, they gave this money to major corporations, okay? And they gave handouts, crumbs, they threw it to the masses. You could sit at home and collect money, right? This continued, by the way, after we did that video in 2021, this continued, this continued, okay? This continued. In 2022 or so, they started tapering. They started taking a little bit of money out of the system, all right? Throughout this whole period, interest rates stayed flat, zero, basically, zero, zero, or near zero, right? Flat, flat, flat, flat, flat, flat, flat, flat, and at about mid-2021, interest rates started going up, maybe a little bit earlier, right? Interest rates started kicking up, kicking up, kicking up, kicking up, okay? Keep this in mind, keep this in mind, okay? And this here is 2020, I should have lined it up here. So let's line it up so you see, we're gonna line everything up. Who did the bailout with this money during the pandemic? The government, the bureaucrats, right? So let's lay this out here. So we had, wow, the money supply would be this. How do we do this? Here's the dollar, right? M1, right? And the money was flat, money was flat forever, forever, forever, a little bit up in the mid-2000s, right? It would be sort of back here, I guess. It would be like this, it would be like this. And then here, it just went through the roof, right? Just astronomical, astronomical. Now who did the government bail out? The government, most of this money went to Wall Street and went to billionaires, okay? Small percentage, I haven't looked into the percentage of how much, but like exactly, I don't have it handy right now. I should have had that handy, but it was like $6 trillion or $10 trillion, like a lot of money, right? So $6 trillion, let's take it down a notch. So $6 trillion, right? $6 trillion, huge chunk of that went to companies money laundering through Wall Street and billionaires, okay? Now, this is important, this is important, okay? Why is this important? Because this continued, this continued, this continued, this continued, this continued, and then started tapering off, right? Started tapering off, okay? Now, remember, interest rates, zero, zero, zero, and then they started going up, okay? They're right now sitting at 4%, someone correct me if I'm wrong, around 4%, maybe, let's say around 4%. So right now, interest rates, 4%. Actually, it's not 4%, it's like 3.75, prime, right? Prime is what banks, how much banks can get money for? Me and you couldn't get 0% interest, by the way. This is, if you did a special deal where you bought cars and stuff, you could get 0% interest if you bought a car and stuff back then, right? But this is 0% interest for, and in Europe, negative for big money. They can get it from the government, right? From the Federal Reserve, right? Central's Bank, here, have some free money. I wish I could line up for that to get some free money, right? But right now, let's say, what is it? 3.75%, 4%, let's round it off, 4%, right? 4%, 4%. And before last week, right? Before Silicon Valley Bank last Thursday, people are still expecting, or were still expecting, interest rates to kick up, right? Because the Federal Reserve was kicking this stuff up hard. All central banks were kicking it up hard. 0.75, 0.75, 3 basis points, 2 basis points, and last time they raised 1 basis point, right? 20, 0.25%, right? If you want to buy a home in Colombia, the bank charges you 12% here. Even bigger crooks out there. It is what it is, right? It is what it is, okay? So this is what is at play with Silicon Valley Bank, right? Because what just took place was this. Here's Silicon Valley Bank, SVB, right? Silicon Valley Bank, okay? They were kicking up interest rates every month, basically, sleeper waves. They were kicking up interest rates every month, every two months, every quarter, every three months they were kicking up interest rates, or every two months, 50 basis points, 75 basis points, or 3 basis points, 0.75%, 0.5%, 0.25 the last one, right? So this is Silver City Bank, and here's a whole bunch of people that work, not Silver City, Silicon Valley Bank, Silver City Bank, Silicon Valley Bank. Here's a whole bunch of people that are working for Silicon Valley Bank. Some of them, top hats, big boys, right? Top hats, top hats, top hats, right? Some of these people working here have big hair, funny hair, right? Some of them, no hair, like me, right? So there's a very diverse group of people working for Silicon Valley Bank, okay? Let's bring out a green Silicon Valley Bank. If we're gonna do this, might as well do it in different colors, eh? Should we use a little purple and pink? Let's use purple and pink, because it's very diverse, purple and pink. So we know what we're talking about, purple and pink. There's purple dude, or dudettes, and we have pink dudettes. We got pink hairs and purple hairs, and whatever hairs you want, the no hairs, right? Pink hairs and purple hairs and no hairs. Lots of different people. Lots of top hat people. Now the top hat people are the same people that were managing, right? Managing banks and funds with Enron, with the supply mortgage crisis and whatnot, right? Same type of people, same people. One of them, we just linked up, right? These people went, cool, we're running Silicon Valley Bank in Silicon Valley, California. Big tech, big tech, big tech. Big tech, big tech. Let's do big tech in red. So a lot of these companies, big tech companies, companies, companies, companies, companies, companies, companies, right? A lot of these companies were getting lots and lots of money, lots of money coming in, lots of money coming in, lots of money coming in, lots of money coming in, lots of money coming in. Why was there lots of money coming in? because it was being pumped in. How was it being pumped in? Why was it being pumped in? Because another thing that was happening was this. In 2020, the stock market crushed, right? Went from 32,000, 30,000 down to 18,000, down in the United States, right? And all markets across the board collapsed, right? When the stock market collapsed, stocks, stock market, here, let's put it here, stocks. 2020 went from 32,000, right? Down to 18,000, down to 18,000. It was a little bit lower than 18,000, might've been 30,000, whatever, you get the gist. And we've done videos on this, like I didn't queue them up. You have to follow our personal finance and math videos to see some of the stuff that we've talked about, right? Plummeted, and I think we talked about it here in this video. We probably did with the M1 video as well, right? We probably talked about this. Joe Chisholm looks like I'm an hour late. Canada was eight hours behind UK, now it's seven. The clock's gonna change, it changed. It changed one hour, right? And he didn't miss too much because, well, he missed a little bit. Because we're 15 minutes late, my modem kicked out, so I had to restart, and they did a long intro to this thing. Okay, so apologies. We haven't gotten to, we're laying out everything right now. We haven't gotten to doing the mathematics to see what the problem was. We're laying it out right now, right? So the layout is this. 2020, lockdown, everything collapses, market goes down, money gets pumped in, money gets pumped in, how much money gets pumped in, goes from here to here. Basically, doubles the money supply. Cumulative, doubles the money supply, all-time money supply into the markets, right? Wait, wait, wait, wait. Now we're seeing a little bit tapering. Interest rates goes from zero to 4%, quick summary. And while this money's being pumped in, do, do, do, to inflate the stock market again. Woo, woo, woo, up you go, up you go to 36,000, right? Up you go to 36,000, right? What was going on? Most of this money that was being pumped, you know, Joe Blow here was getting a little bit. Me and you, well, I didn't. I didn't sign up for none of that crap because I don't want me to be dependent on the government for my livelihood or my life. And I highly recommend you do not either, okay? But most of this money that was being pumped in was going to Wall Street companies, insiders, billionaires, big top hat people, right? These top hat people were laughing it up. Top hats, woo-hoo, top hats, woo-hoo. Give us billions, give us billions. It got so ridiculous that some of these people had to give the money back because people were so pissed, right? People were so pissed, right? Well, these guys got lots of money. What are they gonna do with the money? They're gonna put it in their shoebox? No, they got billions, hundreds of billions. They pumped in six trillion plus some. By some accounts, they pumped in like an extra $10 trillion into the markets, right? You can't keep trillions of dollars in your home. You can't keep it in your shoebox. You can't go out and buy $6 trillion worth of gold, right? Top hats is close enough, top hats is close enough, right? You can't, you gotta do something with this money, right? So what happened? A lot of these people started dumping money into banks, right? They put their money in banks. They hire, they hire. They hire a lot of people, a lot of diverse people. A lot of diversity going on here. They hire a lot of people. They hire a lot of people. They hire a lot of people. What other colors do we have? Let's put an orange, let's put an orange person here. Let's put an orange person here. They hire a lot of people. You see ballooning of the tech sector. Zari, how you doing? Start the stream over. I just got here. You're not missing much. You're missing a little bit. You started seeing ballooning of tech sector, right? A lot of companies couldn't hire people. There's no people to hire. There's labor shortage, right? Cause they got trillions of dollars, right? They started hiring people. We need someone to be our image consultant. Someone to do our Twitter feeds or multiple people to do our Twitter feeds, right? Someone has to dress our employees because they have to look the part, right? So there's a lot of excesses in these companies. These companies used to function with 10 or 20 people working there. All of a sudden, they're getting commercial real estate. They're hiring 200 people. They're doing all this jazz, right? Which is one of the reasons when Alan Musk took over Twitter, he started laying off a ton of people. Which is why Amazon laying off thousands of people. Microsoft is now laying off thousands of people. Apple is laying off thousands. But a lot of these tech tech, Tesla is laying off. A lot of these companies are now getting rid of the excess weight, right? Because the money is drying up. Why is the money drying up? Because interest rates going up. So the cost of getting money is becoming more expensive. They got cheap money for two years, right? In the UK, they were getting cheap money for 10 years. In the United States and Canada, two interest rates were really low for 10 years, right? Very, very low, very, very low, right? Just pumping the crap out of it. Why were they doing this for 10, 12, 14 years? Because of the subprime mortgage crisis that we talked about in the previous video. Wow, we talked a little bit about it. I wrote a lot about it back then in the mid-2000s, late-2000s, right? They started pumping the crap out of the markets. Cheap money, cheap money inflate, inflate the housing market, inflate the stock market, inflate everything, right? Free money, everybody, free money, everybody. Oh, oh, oh, oh, oh, oh, oh, oh, oh, oh. No more free money, no more money, no more free money. So before we get to the no more free money, which is what's happened with the bankrupt, right? You had all this money going in to the banks and the banks is sitting here, the Silicon Valley Bank. Silicon Valley Bank is sitting here going, we got lots of money, woo! This is not working. How come this is not working? This guy's dead, can't be dead, I was just using it. I guess it doesn't want to be used. Let's use this one. Oh, that one's over there. There's this guy over here. This guy started, they started getting lots of money. All this money, all this money, all this money, all this money, all this money, all this money, all this money, all this money, all this money, all this money, all this, I could do this all day, all this money, all this money, right? Now, these people, some of these people were putting the money into this bank and banks like it and other banks as an investment, right? And then Silicon Valley Bank and other banks take some of this money and they loan it out, woo! Some of this money goes out to other companies, new startups, new companies that want money to run a business, to start a business. But a lot of this money was sitting on the sides because a lot of these companies were using banks like this to do their payrolls, right? So they needed the money to sit there as cash because they were paying their employees, all these people they hired, all these people they hired, right? Because we're getting free money. Let's hire a lot of people. That way we can grow really fast and beat out the competitors, right? Beat them out, beat them out, beat them out, beat them out, right? We need lots of people to work together because we gotta do better than that guy and that guy and that guy and that guy and that guy and that guy. We gotta hire the big thinkers and the pretty colorful people, right? So they needed the money in the accounts to pay all these people, not just these people, but these people that they had over here, all these colorful people that they all had over here, right? Should we do more colorful people? We have to do a little bit more colorful people here. Lots of these people, colorful, colorful people, color, color. Lots of, lots of virtue signaling going on here. We have, I mean, if you look at the US administration right now, they're not talking about the qualifications of people, they're talking about people's colors, right? If you look at the UK right now or Scotland right now, the person that most likely is gonna be Prime Minister Scotland came out and said, we have too many white people in power, right? Way too many white people control everything. We need to get colorful people. So exactly what has been happening or was happening with the corporations is now happening with governments, right? Keep that in mind. It has been happening for quite some time, but now they're kicking it into overdrive because they're in deep poop because this model is not working. I wanna show you why this model is not working, right? So these companies needed their money in here as cash, free-flowing cash to be able to pay all these colorful people, right? To be able to pay all of these people that have been hired. Okay, sorry, it's delusional scum, yeah. It's delusional, crazy, right? So what happened with these colorful people working with Silicon Valley Bank and other banks like it because I think three banks, four banks were seized by the government over the weekend, right? Or three banks at least, right? 20 banks, their stocks trading was halted yesterday, right? Monday morning, okay? You couldn't trade them because there were down 50% or something like this, right? So these colorful people here went, man, we got all this money. How much money? How much money? Give you a link for Silicon Valley Bank because I pulled this out, yeah, where is it? Where is it? I've read a fair bit. Hopefully I can find it again. I swear I had it here. Doing, doing, doing, oh, I don't have it here. Hold on, where is it? Very confet, FCC discussing backstop. Here's one person you can follow. I can't remember if this was in this. Oh, no, no, no, this is the one. Oh, I'm gonna give you a mainstream article. That way people can't say, oh, this is not true. Oh, it is true, it is true, it is true. Okay. Yeah, here, let me give you this. Money, money, money, free money. Not for me and you, though. Here's one. Here's an article from MarketWatch. Now take everything you read on MarketWatch with a gigantic grain of salt, okay? Do not take, and by the way, this is not financial advice and I highly recommend not being financial advice, not to take financial advice from articles you read on MarketWatch, right? In general, when I'm trading, I'm usually doing the opposite of what they're recommending. So if they're pumping a certain stock, I'd be interested in shorting it. If they're trashing a certain stock, I'd be interested in buying it, right? So I'm gonna read a couple of paragraphs here. First, a quick look at Silicon Valley Bank. So I'm just gonna read what they wrote, right? That way we have a base talking, right? So quote, some media reports have referred to Silicon Valley Bank of Santa Clara, California as a small bank, but it had 212 billion in total assets as of December 31st, making it the 17th largest bank in the Russell 3000 Index, RUA, as of December 31st. This makes this class the largest US bank failure since that of Washington Mutual in 2008. One unique aspect of Silicon Valley Bank was this decades long focus on the venture capital industry, pch, pch, pch, pch, right? Venture capital industry. The banks alone growth had been slowing as interest rates rose. Meanwhile, when announcing its 21 billion in security sales on Thursday, SVP, SVB said it had taken the action not only to lower its interest rate risk, but because client cash burn has, client cash burn, client cash burn has remained elevated and increased further in February resulting in lower deposits than forecast. Silicon Valley Bank estimated it would look, it would book a 1.8 billion loss on the security sale and it said it would raise 2.25 billion in capital through two offerings of new shares and convertible bond offerings. That offering wasn't completed. We're gonna talk about what all this means and we'll take a look at the implications of this by the way. I apologize if I read a little bit ahead of what we're about to do. So basically general gist was this. These guys got a ton of money, ton of money, put all the money in the banks because they needed cash, they needed the cash flow to pay employees. By the way, they took out a lot of loans. A lot of these companies aren't cash flow positive so they're riding on loans. They got their loans to start up their companies at 0% or very low interest rates or just with stock options. So the banks would take a chunk of the company and or what do you call it? Venture capital money, seed money and take the stock to market and then make mint off the stock price going up as they're selling it all the way up. When the stocks get suppressed, these guys lose a certain amount of cash flow because they can't offer more shares and they can't sell their stocks to top half people or the company itself. So they started as interest rates started kicking up, their cash flow became less and less. Now these colorful people in the top half, people working in Silver Silicon Valley Bank, when they had all this awesome money just sitting in an account, billions of dollars by some accounts, some accounts, these people at, I don't know where this is going. These people at, this thing's not loading. Poop, we lost one of the pages that I had set up. Maybe because of technical difficulties we were facing. Unfortunately, unfortunately. Okay, I'm gonna give you an estimate because I can't pull the number up. No, it's not loading. Unfortunate, unfortunate. Let me do this one more time. Maybe we get it. Oh, I know where I can get it. I may I know where I can get it. I can go to our Gilded server. Here, I'll give you the Gilded link because I posted it in there. Here, I'll put it up in our, oh, here we go. I wanna be here because I link up some of the stuff, some of the stuff I come across. You can go to the Gilded. Let me go here and we wanna go to the personal heavy topics, personal finance. I think it's in the personal finance stuff. And it was just a post someone made on a forum. Okay. And I confirmed the stuff by by reading other articles. And I didn't link up those articles because this was a good summary of it, right? And if you go to our Gilded server, go to personal finance. Here's the link, but it's not popping up. Let me see if it's gonna pop up. No, good thing I copied and pasted this stuff, right? So you need to go to our personal finance. Let me see if I can link it up in our copy link, copy message link. There we go. Here we go again. You can get this link right here. Apologies if I'm not reading the chat. I just need to be able to get this idea across. So according to the person that messaged this link, right? There's one thing that he mentions here. So this is the important part that we're gonna look at right now, right? And we're gonna do the calculations for. The bank didn't have enough customers to give loans to, right? So they put 80 billion into 1.56% yield 10-year bonds after inflation kicked up. Interest rates went up, went up. So 10-year bonds are now 3.5% yield. That's the key. That's what we're gonna look at, right? So, and the sentence previous to this, the problem was it's insane growth in 2021, okay? In 2021, it had 80 billion in deposits which grew to 110 billion in 2021. Okay, you get that gang? So they had 80 billion in deposits which grew to 110 billion in 2021, right? This is the money supply coming in. This is the money being handed out, 0% interest to all these people and top hat people. The money coming in here, here's the money that they're lending out to startups and companies and stuff like this and getting interest payments from that, right? So market washes itself, right? They weren't getting too much interest but at least there is a company that's given them interest. Their money is making money. But they had all this money, okay? 80 billion dollars of it, okay? And more sitting there in bank accounts for these corporations that are using this money to pay all the colorful people that they hire and to pay their expenses, to pay for cost of commodities going up, inflation, inflation, because one of the most important things that took place here was inflation in inflation. The target inflation is 2% for the Fed, right? Is 2% for the government, right? Let me take on this girl there. But inflation has kicked up, kicked up in the United States is it was hit like 9%. In Germany, we're into double-digit teens and Europe, we're into teens and whatnot, right? Some places were up to 18% in the Western world. Some places were up to 12% in the Western world. In some other countries, inflation was 50%, 100%, 75%, way higher than the target rate of 2%, which means interest rates needed to kick up. And they still need to kick up, and they still need to kick up. Otherwise, we're going to hyperinflation. And hyperinflation is 50% per week, right? We were talking Zimbabwe, okay? That's printing $6 trillion notes, right? Crazy insanity. So all these people with all the money in here, these guys, colorful people working for Silicon Valley Bank and other banks, said, hey, we got $80 billion here. What are we going to do with this, right? What are we going to do with this money? $80 billion, let's use something darker, $80 billion. So according to this post and other posts that I've read, articles that I read, they took this money and bought 10-year bonds at 1.5% locked in for 10 years. They bought bonds, they bought bonds. And you got to understand the stupidity, the stupidity of what they did. Me and you were making videos here two years ago, saying they pumped up money like this. Interest rates are going to go up, and we're going to see an inflationary scenario. These colorful people that are being paid up, the yin-yang. Managing money from these colorful people and these colorful corporations that are getting free billions upon billions to the tune of $6 trillion plus, right? Managing their money. They decided in 2021, 2022, before interest rates started kicking up to buy 10-year bonds, lock in billions upon billions of dollars, billions upon billions of dollars of these companies' funds into 10-year bonds that are paying 1.5%. Locked, locked. You don't got access to this unless you sell it, right? 10 years, and you got to find the sucker to buy it, right? Now these guys, sales are down, right? Economies locked down. They can't sell their product. They can't sell their product. There's inflation. The cost of commodities gone through the roof because Putin bad, right? So these companies are in a tight spot. These companies are in a tight spot. Outcomes the axe. Let's get rid of some of these colorful people. Let's throw a couple of top hats under the bus, right? There go a couple of companies because they can't stay afloat, right? These loans are done. These guys were paid out, right? But these guys are running short of money. So they need to lay them off. Now these guys still have to pay people. Now these cutoffs are happening here now, right? Last couple of two, three months. For a year and a half, two years, these guys, this heavy weight weighing down on the corporations needed to be paid, right? So they needed to access their funds in Silicon Valley Bank, right? And some of the, because the stocks were going down and some of these companies were crypto companies and the crypto markets went down. Like the burn rate for some of the crypto companies was insane. Coinbase was burning through, I looked at the financials last year, Coinbase was burning through $500 million per quarter. $500 million per quarter. Why were they burning through that? Well, because they were getting free money. The colorful people hired at a very high rate, right? Office building space, lots of square footage, basketball court, inside the building, nice pool, hot tubs. Rock and roll, free money, right? They're burning through $500 million per quarter, right? So what happens, stock plummets and these guys need to access their funds here to be able to pay these colorful people. Oh crap, this money's locked up in 10 year bonds that are paying 1.5%. What happened? Let's take a look at the mathematics of it now that it's been laid out, okay? I'm gonna take all this down and we're gonna take a look at, we're gonna do two calculations, okay? We're gonna look at how much in 10 years these colorful people thought that we're gonna make from their bonds that they put all these billions, $80 billion worth of 10 year bonds of 1.5%, whatever it was, right? Insanity, I wouldn't give, I wouldn't, if I had a company, I wouldn't hire these guys to clean the toilet, right? Compared to how much those bonds are worth now when interest rates, 10 year bonds are selling for 3.5%, okay? See, they should have been watching some of Gicho content, would have saved themselves all this chaos. No, these people are in a bubble echo chamber, right? Remember, they're censoring information, right? They're censoring any discussion of anything. They were censoring discussion on social platforms that these people were, colorful people were participating in, right? Anybody that was coming on and saying, hey, maybe locking down society is not an effing good idea because that's gonna completely collapse the economy. Hey, maybe pumping in $6, $10 trillion in the market is not a good idea because that's gonna create inflation. Hey, maybe putting sanctions on a country that is one of the largest commodity producers in the world is not a good idea because that's gonna create inflation. Maybe it'll kill the supply chain, but these people censored anyone that questioned their actions, right? Question their actions. So, what's going on? Let's say, let's say, let's do this in this color. It's coming out nice. Let's say Silicon Valley Bank, Silicon Valley Bank bought 10-year bonds to the tune of at 1.5% Oh, let's put 10-year there. Let's go $80 billion, $80 billion worth of bonds at 1.5% for a duration of 10 years, 10 years. And let's say they did this in 2021. They did it in 2021. So, 2021, 2021, they put in $80 billion. They mature in 2031. Now, to calculate how much they're gonna be getting, we need this formula. We need this formula. A is equal to P1 plus R over NT. It's the compound interest formula. The N represent compounding period per year. We're compounding once, so we're gonna do it simple. Once a year, right? Why did they do that? Because they have free money. They thought that this money was gonna continue to come in. They didn't realize that interest rates were gonna go up. That's the kicker. These colorful people, people managing these banks, managing people's money, didn't think interest rates are gonna go up. Because I really can't fathom how they could have thought interest rates were not gonna go up, right? And they thought this supply of money, the $6 trillion that we drew, $10 trillion that was pumped into the market, and people getting money to stay at home and watch Netflix, too stupid to be able to download if you're doing that. I mean, you don't even have to, anyway, right? They got free money. Not as well subscribed to all these streaming services. Free money. Woo, here you go. Give some more to Wall Street, because they already got their bailouts, right? They thought this money supply was gonna continue. That everybody's gonna flush with money. That was their first mistake. And they also didn't think interest rate were gonna go up. That was their second mistake, right? So N is compounding, period. We're gonna do one. T is time in years. R is the rate of interest, right? This is the great reset void. Centralization of banking. You're gonna see a lot of banks go under. The big banks most likely gonna gobble stuff up, and they're gonna try to introduce central bank digital currencies. We'll see if they're able to succeed. And by the way, it's the same colorful people managing this whole thing that they're doing, right? P is the principle for us as 80 billion. A is what you get out, right? So our calculation here is this. A, what you get out is that, is gonna be 80 billion, one plus, and they're getting 1.5%, right? So it's gonna be 0.015 to the tune of 10 years. Punch the same gang. Let's see what we get. Punch the same. Let's see what we get. Let me move my pencil here. I'll punch it in here too. So we can confirm what we're getting, right? So this is gonna be 1.015, 1.015 to the power of, where's my power? Hey, oh, I haven't changed the calculator for this. This is scientific, I want scientific. 1.0, one, this isn't a new computer, right? To the power of 10, point, right? So it ends up, this gives you 80, and it's 1.16, right? Got it? So this means that really you're getting 16% after 10 years cumulative, total 16% interest. You've got on this. So you're 80 billion times 80. Ta-da-da-da-da-da-da-da times 80. They get $92 billion. At the end of this, they get $92 billion, so it becomes $92 billion. Okay, they get $92 billion. Cool. I saw an ad the other day. I could be watching Netflix for free money. Oh my God. They need to kick off their subscription rate, right? So they get $92 billion, right? 10 F in years. Meanwhile, keep in mind inflation right now is 9%. 10%, 7%, some place is 20%, right? Now, in 2020, so a year later, so let's put 2022, 2022, right? Let's put the same amount of money in 10-year bonds. Let's say nine-year bonds because we want to end it at the same time. End it at the same time, okay? I don't really get it. Is it 92 billion in addition to the... No, no, no, no, no, no, no, no. They just made 12 billion. It total is 92, so they make $12 billion, right? After 10 years. That's what it is, Sleepy Waves, right? Now, let's say you want to buy some bonds. Let's say you want to buy some bonds. Let's say you want to buy $80 billion worth of bonds, right? $80 billion worth of bonds. You're going to put them in for nine years, right? So your maturity date is going to be 2031 as well, right? Nine years. But you're going to put it in at 3.5%, which is, from what I understand, how much it is right now. Can't use the money anymore because it is... It's bonds, they can't use it unless they find the sucker to buy this bond, right? Unless they find someone to buy it. We'll talk about this, you'll see what happened, right? So 3.5%, I know it's this much. It's actually a little bit more in Canada, right? Because I know someone is doing short-term bonds. Now, buying bonds is okay in a sort of an unstable period if the market's going down, you don't know what's going on. Buy a three-month bond, one-month bond, one-year max bonds, right? 10 years, right? So let's do the same calculation. A is equal to 80, one plus 0.035 to the power of nine. So if you wanted to spend, you wanted to take $80 billion and buy bonds in nine years at 3.5%, this is what you would get if you invested in 2022, right? So what do we got? 1.035. And there are nuances to this. There are nuances to this, by the way, gang, okay? We're taking very simple road to the power of 109 billion. 109 billion, thank you. But let me do this, to the power of just confirm. I always try to confirm, but it's good to get the confirmation. So we get, and I want this number out of it, eight. You get 1.362, right? And that's basically saying that you're getting 36% interest in that nine-year period. Okay, total, right? Keep that in mind. This was 0.1, so it was 16% versus 36%, right? So times 80, point. You get 1.9, sorry, 109 billion, right? 109 billion, okay? Oh, you get it, stop it, nice, oh my God. So if you're a person, if you have 80 billion, you're a top hat person. You're a top hat person, whew. Not a cowboy person, a top hat person. You could be a cowboy person. You're a top hat person. I got 80 billion dollars, right? I can put it in a bond right now, paying me 3.5%. We're in 2023 right now, by the way. Bond might be a little bit higher, who knows? I can put it in a bond at 3.5% for nine years and get back 109 billion. Or I can decide to buy this bond that's already a year in, right? Year in, because if these guys are getting 1.5%, let's do 1.5% for this. If you do a calculation, a year in, this calculation is going to be 0.015, 1.015 times 80, this one, this bond. This bond is 81 point, oh, what was it? 81 point, what, 81.2? It is 81.2 billion, right? In 2022, right? In 2022, this bond is now, it's worth 81, if you include the interest it's gotten, it's worth 81.2 billion, right? They got a long way to go. They got nine more years of this, right? I'm a top hat person and if I want to buy this bond and what these colorful people bought it at, these colorful people bought this, oh, we can't use that one color. We're gonna use an orange, you got it. These colorful people paid $80 billion in 2021, right? 2021 and their bond is now worth, well, according to what they paid, they got this much interest on it. 81.2 billion, they're gonna go buy another pool, right? I'm a top hat person. I can, these guys are trying to sell me their bond, right? They're trying to sell me their bond, why? Because companies are having a little bit of a liquidity crisis, right? They need to access their payroll. They need to pay for rent. They need to pay for their commodities that have gone up in price, right? To make whatever it is that they're making to sell to the public, to be able to get some money so they can do it again, right? So for example, Facebook, someone posted this on our GitHub server, Facebook virtual reality thing is not really hot potato. Don't worry, this is hot potato, but it's not really a hot thing that people wanna buy. You gotta be some kind of special to put that thing on to look at Zuckerberg and 3D, yikes, right? So Facebook took their product that was, I didn't even notice, I thought it was like cheaper than this. Supposed to be selling for $1,500 and slashing it, taking off $500 off the price. They're selling it for two thirds the price. I don't know why you would pay $1,000 with that thing. As far as I was concerned, that's like a calculator in 1980s. That virtual reality set should be like $20, right? Meanwhile, these guys that are making a virtual reality set, there's commodities involved with this, there's inflation involved with that. It's costing them more to make now than it did two years ago, right? So this top hot person, these colorful people are trying to sell, get this guy's $80 billion and say, hey, come here, we got bonds for you. 10-year bonds, we have to sell these bonds because, because, because the companies that have trusted us with their money to keep in the bank account, and we just didn't wanna leave in the bank account and not make it work, we gotta make the money work, right? So we can make more money, right? We sort of locked up their money, their payrolls in these 10-year bonds. Now they need access to that money. Some of these companies want their whole, all of their money out, right? I think Coinbase pulled out $50 billion from Silicon Valley Bank for wanna understand, right? They closed their account, they wanted it all out. Silicon Valley Bank is in trouble. They need to sell these bonds now to get all that money to pay back to the people that put the money in, right? Well, this top hot person goes, well, screw you. Why would I give you $81.2 billion to get back $92 billion? Well, right now, I can take $80 billion and get back $109 billion, $109 billion. Why would I, how much is that? That's a difference of $17 billion, $17 billion. Why would you buy this bond? You wouldn't, is the answer. You wouldn't, is the answer. But these guys needed to sell it. These guys needed to sell it, right? What did they do? What did they do? They sold it, but they sold them at a discount. They didn't sell it for $81.2 billion. They sold it for 20% less, discount, discount, right? So take 80, let's say 80 billion, multiply it by 0.8, which is 20% less. They sold it for 64 billion around there. There's nuances involved with this by the way, gang. I'm just taking, you know, doing it simple, right? So they sold it for $64 billion. Probably even less, 64 billion, right? They just took, if they invested $80 billion, $16 billion hit, $16 billion hit, God damn, right? Wait a second, wait a second. They couldn't have taken $16 billion off. Yeah, I think they did because they were managing a shit ton of money, right? They were managing a lot of money, right? Because, why was this a problem? Well, this was a problem because of the chart here, SVB. What's SVB's market cap? Oh snap, wait, wait, wait, wait, go back here. Look at the market cap, 6.2 billion on Thursday, okay? A year ago, multiply it by six, it was 36 billion. They could have taken a $16 billion hit. They could have taken a 16 billion hit, right? 80 billion to 64 billion minus, minus 16 billion, right? Let's do this in, let's do this in, what are we gonna do it in so it stands out? Let's do this in dark green. Minus 16 billion, right? A year ago, when their company was worth 36 billion, they could have probably taken a $16 billion hit. But when their company is worth 6 billion, they can't take a $16 billion hit. They can't even take a $5 billion hit or a $3 billion hit. That's why on Friday morning, pre-market, their stock was selling for $50. 50% less, 50% less, right? Now, this is the mathematics of it, okay? This is the mathematics of it. The shenanigans before the mathematics is the stage, right? Now, again, this is not financial advice. These numbers are not set in stone. This is me reading a whole bunch of different articles and deciding last night really to go, you know what, instead of trigonometry, it'd be really cool to do personal finance and explain some of this shit, right? Explain some of the shenanigans that's going on and maybe prepare people for what might be coming, okay? So take these numbers with a grain of salt, okay? The bank market cap was 36 billion, that we know for sure, a little bit more, 36 billion plus a year ago, okay? Their deposits would have been into the huge, right? This number, not 100% sure, if they bought $80 billion worth of bonds or it was $40 billion worth of bonds or whatever. I couldn't find one of the articles that I've read in the last few days, okay? I only have so much time to prep for this. So look into it, how much bonds. Someone said they lost this, that link I gave you, the person said they lost, they sold, they didn't sell all the bonds they had, by the way. You don't have to sell all of it, by the way. So these people that they bought $80 billion worth of 10 year bonds, they didn't have to sell all of it to provide liquidity for the bank, right? Keep that in mind, I'm sort of going all in, right? They might have only sold, you know, try to sell like 10 billion of it, right? So 10 billion. If they try to sell 10 billion of it to provide liquidity to the bank so they could pay whatever companies that were pulling their money out and make sure the payroll of companies were being satisfied, they might have just had to sell 10 billion, right? Well, if they took, thank you very much for the follow Exo Francis, okay? They might have only sold 10 billion, but a 20% hit is a 20% hit. That means they would have sold it for 8 billion, right? That means they lost 2 billion, minus 2 billion. Well, when a company is only worth 6 billion, you lose 2 billion, right? If you lose 2 billion dollars, you just lost a third of your market cap, right? That's why the stock was dropping like a fly. Like, what do you call it? Rock, dropping like an anchor, dropping like a fly that was squatted, boom, boom. And then what you had while this stuff was going on, while this stuff was going on, what did we have, what did we have? Bank, people lining up to take their money out of the bank. I was on forums talking with people going, there's a bank run. They're like, there's not a bank run. The company's worth great, its financials are fantastic. They're part of Forbes top banks in the world, or in the United States, there's 17th largest bank. They have serious companies invested in them. I'm like, dude, there's people lined up to pull their money out and the doors are closed. It's an FN bank run. It's not a bank run. Don't exaggerate. What is your agenda? I'm like talking with people on forum. It's like, dude, the stock's halted. There's people lined up trying to take their money out of the bank. The bank doors are closed. You can't get anybody on the phone and the ATMs aren't working. That's a bank run. And there was a bank run. So what happens with a bank run? Well, the bank needs to provide liquidity to its customers. That means it doesn't have to sell only sell $10 billion or whatever billion dollars of bonds that they had locked in for 10 years, a 1.5% that colorful people put people's money in, right? They probably have to sell all of it to provide liquidity to their clients, right? It was a full-on bank run. Full-on bank run. And that's one of the reasons I think two, three other banks got seized as well. And 20 or 30 banks, their stocks were halted for trading yesterday. And a lot of bigger banks are gobbling up some of these businesses. Some of the companies are gonna go bankrupt. Some of the colorful people won't be able to pay rent. Supposedly they can take their money out now, but this is just that story of the, I think it's a Dutch story or something. The kid finds a hole in a dam and puts a finger in it and then finds another hole, puts another finger in it. How many fingers and toes and how far can you go, right? So this is what's going on right now. Okay, this is what's going on right now. Be careful, gang. Be careful, okay? Prepare for what is coming and make sure you work towards not allowing these colorful people and centralized power to introduce central, centralized bank digital currency, central bank digital currency, CBDCs, okay? Make sure that this doesn't happen. Centrally bank digital, acronyms, acronyms. Digital currencies. You do not want that, okay? Our society does not need that. It means this, orders of magnitude more. Not only that, it means complete destruction of the economy, complete destruction of communities, complete destruction of our societies. It may not happen immediately, but that is the end game. The enslavement of humanity. Do not allow them to do this. Do not allow them to do this. Sleepy waves. Joseph Gentile, not looking very powerful, no. Froggy, manhole. The government hiking rate so much was hard to plan for if you're a bank CEO. No, they should have been planning it. We knew it was going to happen. I knew it was going to happen. And I was telling my, the people that come here, our community to prepare for it, okay? Two years ago, we put out this video, this video right here, two years ago, we put it out in 2021, February, January, February. We knew it was going to happen. You're telling me these top hat people and the colorful people working for banks got beautiful pieces of paper from Ivy League universities that they paid $200,000 for, this piece of paper. You're telling me they didn't know? They didn't know, that means we got morons running the economy and the government, and the ones that they'd know, they're corrupt people running the government and our institutions. It's a, there is no, there is no one there legit to fix this because there's no fixing this. We have to create alternative forms of commerce and we have to make sure we do not allow them to take power away from us and enslave us because those are the same clowns they're about to do. This that did this, okay? It's the same clowns that the savings and loan in the 1980s. It's the same clowns that the dot com bubble. It's the same clowns that that matter. It's the same clowns that the subprime mortgage crisis. It's the same clowns, same clowns. But play it in a sandbox. Let me take this guy down. I hope that's clear again. That's the way I see it and we've been pretty much bang on the way we see it.