 Today is October 1st, 2019, and we're doing a live stream on investing in personal finance open discussion. We've done a few of these as before, so we're just going to chill, wait until people start rolling in. And it is open discussion, so we can talk about anything, and personal finance, there's economics, economics, and politics go hand in hand. So a little bit of politics for sure will allow it, and in the discussion we can talk about it for sure. If it goes down the rabbit hole too far, then that's going to be more of the political live streams that we have, the current events live streams that we have. So we'll try to keep almost everything, all the discussions more on an economic slide. Aside from that, welcome to the stream, I've got tea, I've got to have some drinks, corn union, cherry, liqueur, you can see a couple of the corn union cherry in there. I made this about three weeks ago, and it's two weeks ago through it. Brilliant. It's really good. This is one of the few liqueurs that's, the flavor sinks in really fast within two weeks, three weeks, it's delicious. Daniel, how are you doing? Welcome, welcome. I hope you're having a good evening, morning, afternoon. I'm afternoon, Pacific West Coast. I've got some taginia, maple syrup, and sourdough bread, different bread than yesterday's snack that we had. Yesterday's snack was like sort of seedy bread. This is sourdough bread, and this is the taginia. This is the taginia. Super delicious. Great thing to have for a fall and whatnot. I've got another spoon, different spoon to scoop out the corn union cherries. Actually there's a pop one right now. Let me show you. There's a couple of corn union cherries in there, right? It's got the seed in it. So, done well. UK, no night, so night time. Good evening then, brother. Good evening. After some reason, almost all the other liqueurs I've made, the fruit really takes an alcohol flavor. For this one, the corn union cherries haven't taken on the alcohol flavor, not yet anyway. Touring news, how are you doing? Thank you for wanting to collaborate, by the way. We can do the video via Discord or some other simple way, and the topics would be of your choice. That would just be asking questions and listening to explain what you'd like. For sure, touching on touring news. Just for those watching, touring news sent me a message. He's been following our politics, economics stuff, live streams for a bit. He's been reading with some of his party, some of his viewers. He sent me a message asking if I'd be into collaboration, doing a live stream together. That's it for sure. All for dialogue. We're going to try to arrange it, so we end up doing sort of a discussion, I guess, or Q&A. We're not sure where we're going to get to you, when we'll do it, but hopefully sooner or later. If it's, we'll have to do one test run touring news. Just because I've never done a video anything on Discord with anyone. Video or audio. We'll do a test run, maybe even a week or a month. I don't know how long it's going to take for me to sort it out for my name. Short-term bonds are more profitable, so recession is coming. Recession should have, it came. It should have stuck with us for a while. But then they flooded the world with money, their own people, with money. So all of a sudden, everything seems to be okay, because everybody's got a sort of a job, where unemployment is really low for some. Some people aren't counted, if you take all the data. Is it negative interest rates? Recession, for sure, we're overdue. Is it going to be a recession, or is it going to be a hardcore crash? Or is it going to be a slow, slow, it's like boiling the frog. So people really don't notice that over a 10, 15 year period that their lives have changed a lot. They don't notice. USA is doing good these days. They are. They are. There are answers, for sure. It seems they was very strong. Here in India, economy is stagnant. India is in trouble, from what I understand. Turin, Jason, very cool. Whatever the time frame is, good for you. I will be there. Yes, keep in touch. Okay, Turin news. Let me know where you're from as well. A lot of Turin news. Where you're located. What's your time zone? I'm Pacific on the county of the United States, so we'll have to figure it out. I'm okay doing any time. In a 24 hour clock cycle, right? For me, it doesn't matter. I can wake up in the middle of the night and do all that. Hey, Chichou, how are you doing? Hey, how are you doing? Or I should have said, hi, Chichou. How are you doing all that? Two days in a row? Two days or three days? I'm glad the quadratic stuff helped you out yesterday. I hope it helps. I hope it gives you a better understanding of maximum, minimum, problems and what the quadratic function does and what that point really means, right? I live in Philadelphia. Okay, so easy. Yes. Any time works for me. Okay, awesome. We do. Yeah. I'm excited. It's cool. I like, I've had just, just so you know Turin news. Dante, how are you doing? How's life? Just to let you know on everybody else here, you know, I guess I've had a few people over the years contact me, right? You know, I've done interviews with some people. I've never done collaboration on the scene. No, actually we did a podcast where there was Q&A with me and that was, those were radical. I forget the, it's in my blog I posted it and we're mainly focusing on education and I just lost my train of thought for a second and we were mainly focusing on education, right? And I had some, I've had some people contact me for mathematics specifically. I've had some people contact me for comic books. I've had some people contact me for personal finance, right? And I've always said yes to all of those interviews or collaborations. I mean, very little collaboration but interviews, Q&A sessions and stuff like this. Because I fully, like one of the reasons we're doing all these different types of streams is because I believe in dialogue. So it's dialogue that I believe is the answer to a lot of our problems, a lot of the issues that we have in the world, economically, politically, socially, whatever it might be. So touring news, thank you very much. That was my long way of saying thank you. I'm doing good. Yes, yesterday helped a lot. Thanks again. My pleasure. My pleasure. I cover a lot of international news, Middle East relations, macroeconomics, currency, trade, patterns, etc. So a lot of stuff we talk about, cool. So I'm just reaching out to people that I think will have interesting things to share. Okay, brother. Sounds good to me. Sounds good to me. Fine. There's a lot of stuff going on. Economically, huge. There's like right now, economically, and people, I hope people are thinking about this in terms of personal finance that the world is in huge politically and economically, major, major transitional period. And that is going to affect many, many people across many generations. Every generation is going to be affected by what's going on in the economy. Globally, locally, what's going on with currency, money, trade, tariffs, conflicts, resources, the environment, on every front, on every front, as well from the UK. Bertie just saw your comment, finally made a Twitch account to catch the stream. Awesome. Thanks for being here, Bertie. But as, what was it? Regarding the interest rates, I forget who it was, regarding interest rates. So short-term interest rates right now are higher than long-term interest rates, right? I believe that was the comment. Profile recession, short-term bonds are more profitable, profitable, so recession is coming, right? So short-term interest rates are higher than long-term interest rates. Sometimes, greatly so. The shorter you go seems like the higher the interest rate. So people are not really necessarily thinking the recession is coming. I think just the rate, I think people are thinking that a crash is coming. Okay. U.S.-China trade war is what making it difficult for every country but working in favor of U.S. I don't think it's just the U.S.-China trade war. I don't think that's the only thing at play here. That's the mantra that people are holding onto. But there's a lot of other things in play, a lot of other things in play. U.S.-China trade war, if you want to call it, it is corporate war. We put out a little short video. We talked about it in last week's political stream, but I cut that up and put that up. I think the most recent video on YouTube is the one, right? It's corporate wars. And within corporations, there's huge challenges at play. See-Thin Classic. Welcome, welcome to a stream. And thank you for the tier one sub. Hello, I changed my name on Twitch. You changed your name on Twitch. What was your name on? So this is the first time I've seen Se-Thin Classic. I don't think I've read your name before. Two months, though. So there is, aside from the trade wars, oh, Rendon, how are you doing? Trying to keep me on my toes. I've never read so many names in my life before, as I have doing these live streams on Twitch. Trying to get familiar with people's names. Aside from the U.S.-China trade war, there's also automation kicking in. And such a huge way that people are sort of being caught off guard because it's coming so fast. And it has come in very fast. The automatic bank tellers, the automatic cashiers, grocery stores and whatnot. There's automated factory sorters. Automated driving cars are going to be towards the last end, in my opinion, of the first wave of automation kicking in. There's automation, there's currency issues in the world right now, which is one of the reasons the U.S. dollar seems to be the strongest currency in the world right now. It's gaining relative to every other currency as far as I've looked into it in a couple of days. I don't know, I can't remember what the Russian rupee has done. It's gaining value, I believe. I mean, there's a period where inflation in Russia in the 90s was into the thousands. It was crazy. It was crazy. A lot of stuff going on. Not sure where it began. The repo rate was interesting. Right now people, yeah, it's called inverted yield curve. Yeah, it's the inverted yield curve, right? Right now, that's been the case. Short-term interest rates go up, long-term goes down, so people are saying there's more risk in the markets for the short-term. But the short-term interest rates aren't just going up. It's crossed it, like this, long-term, short. But the repo rate, which is just the overnight lending rate, basically, inverted yield curve predicted 2008 crash. Yeah, it's predicted other crashes as well, right? But we're not just talking like the repo rate, from what I understand, it went from 2.5%, 3% to 10% overnight. Not just one day for a few days, right? So if you take the long-term rate being negative for many places, it was zero. But slowly, I'm not sure what the short-term rate is for one year that you're going to take all out, or six months out, because I don't, right? But if you take a look at the long-term interest rate, which is basically zero, and the repo was 10%, right? Is the graph like this, or is it a hockey stick, right? So if it's going like this, did the inverted yield curve, did the repo rate jump up that high before the 2008 crash, and that was a crash, right? Did it also do the same in 2000, right? Did it also do the same in 1988 to 87, right? 87, 86, 88, right? Did it go like this, or was it gradual? If all the other 3, 4, whatever recessions, 10 recessions we look at, if the inverted yield curve goes above the long-term rate, right? Was it linear, or was it... If none of the other ones were this, then it's not a recession we're going into. It's, yeah, .com over in 2000, yeah. And here's the thing, right? I know, in 2000, right? The Federal Reserve in the United States raised interest rates like this. In the 1990s, they had a really low, fairly low, reasonable, or whatever you want to think about it, right, on the low side. And then, when the .com, when the stock market, NASDAQ was starting to go exponential, long, what do you want to think about it? It wasn't really long, was it exponential, right? Or it was an exponential log, semi-log scale, right? They raised interest rates, I lost account, I forgot what it was. Like, they would get together. Sometimes they were raising the interest rate for the first 2 or 3 times, like 50 basis points, and then a basis point, and then a 50 basis point. They took the interest rates from like 3-4%, or 3% up to 7-8%, right? That had a lot to do with it. Possible recession, the Federal Reserve has been raising interest rates for the last year, now they're starting to kick it down again, right? So did that trigger, did that break the camel's back? Because if everybody's leveraged their tails, and interest rates go from 1%, let's say they go from 2% that they're paying to 4%, their interest rate just doubled. That's a huge burden to take on. That was one of the catalysts for the dot-com bubble bursting. So, just disastrously for so many people, right? 2Ds, how are you doing? Hey buddy, anyone ever tell you you look like Putin and Trotsky? No, not on this street. You would be the first, hopefully. I don't even know what Trotsky looked like. 2Ds, thank you for the Twitch Prime sub. Love you man, thanks brother. Do you think Donald Trump should be credited for economy, or is it just natural? There's nothing natural about our economy right now. There's absolutely nothing natural about our economy. Can you do dance for it? No brother, I can't do dance for it now. I can do finger dance, there you go. What a drink today. This is the Cornelian cherry liqueur. This is the Cornelian cherry liqueur. I'm following this up so it doesn't drip over, because it's sweating a little bit. It's very delicious. I made this thing, I've shot the video, I haven't added it up yet, right? But it's Cornelian cherry, that you're going to see us making the liqueur. And within 3 weeks, let's say, the flavor is phenomenal, phenomenal. One of the most beautiful liqueurs I've ever made. Really, so good, so good. I don't see every sample of this. I don't either personally. Not to prove it anyway. Maybe it's the bomb there, I don't know. You don't know how much finger dance means to me. It means to me that I've just got a rough breakup with my girl. Oh no. It's okay man. Once a certain relationship ends, there's a void in your life, you fill the void with new relationships. Sometimes the new relationships aren't as delightful as the old ones. Many times you've learned your life lessons, and your new relationships are much, much grander than the previous one. Kebabs. No, we're going to deny. You're not allowed to say that. Be nice Kebabs, okay? Deny. Yeah, no. Really, there's lots of streamers, I'm pretty sure, Kebabs, that you can go and enjoy yourself there, right? I've got nothing against what you want to do. It's just not my thing, right? I don't think it's anybody's thing here. That's here. There's lots of other places online that you can do that. You don't want to do the same thing. I'm pretty sure you're doing that in other places. But you don't want to do the same thing everywhere you go. You have to have different things you do in different places. Amazing color, amazing flavor. So Donald Trump is making big changes. We only hear about negative stuff. Donald Trump has made big changes, for sure, for sure. And other Joe live streams are being spoiled. Wait, how are you doing? Wait, it's WorldX. Yeah, Donald Trump has made changes. Anybody that says many negative, some positive, right? All those people that... As soon as you say something about Trump, if you're not saying that he's the embodiment of evil incarnate or something, they think you're supporting. Like, it's the weirdest. Right now in the world, people are so traumatized that they're not making the connections. I work early, happy to get to teach you how to stream. Sleepy waves, how are you doing? Congrats, I'm giving you how to work early. Let's have a salute to that. And the world is really polarized. Crazy. And you know what the polarization is? It's not polarization of this extreme versus this extreme. The polarization right now in the world is extremist versus those who say you're crazy. Right? Extremist on the right, extremist on the left, extremist on the center, extremist everywhere. Right? People are taking on the extremist mentality and then there's the other side which is much small. Oh no, not necessarily. There's a lot of people that I know personally that don't understand this extremist mentality. And on the other side is people who realize extremism breeds fascism. It's crazy. Right? Most people that go extreme, they've been traumatized. Right? It's a psychological issue. So whenever you see someone that is having a nervous breakdown and they... And nervous breakdowns and life and stresses and stuff, that's part of living. Right? Right now bipolar, sure. Extremist versus people who aren't extremists. You think extremists are crazy. What's your opinion? Anjou Yang's freedom dividend. You mean all of the basic income? I think I don't agree with it. I don't agree with it if we're talking about basic income. Basic income, what it's going to do is it's going to centralize power. Two phases. It might be a band-aid solution for short term, really. It might be some kind of solution short term to give people a little bit boost out of poverty. Right? But the basic income, UBI but pay for it with a VAT and cut welfare. What's the VAT stand for, Dante? Anyone who falls? This is an imbecile. What's the VAT? But basically value that, yeah. Value out of tax. And healthcare, right? They want to introduce tax on every good. Tax on every good. Value out of tax. Thank you for that. So value out of tax. And they want to kill welfare. They want to kill healthcare, Medicare, wherever you are. Different types of healthcare. So they will give you your, you know, so basic income and say everything else you're paying for. Right? And on top of everything else, taxes on everything again. Right? No. And short term, they'll give everybody a little boost. And as soon as people realize their money is losing value, real value over time, they realize that UBI does not go up at the same rate as investments in Wall Street and stuff like this, where there's differential accumulation within weeks, months, maximum years. People are going to find out they are serfs but worse. Right? VAT is on everything here in India. But India must have an economic system that is just cash based. Right? I'm pretty sure India is like that. China used to be like that, but no longer. China, everything's gone digital. So it's the worst of the worst in terms of totalitarian control systems. Right? India has a huge underground economy from what I understand. So service doesn't need to be taxed. Any place that the central government is telling everyone to make all currency digital is done for. Right? Yeah, it's changing, but not as fast as China. That's ultimately one of the pinnacles, one of the things that totalitarian states require from people, is to give up their anonymity, their freedom, their sovereignty of currency, of trade, of barber system. Right? That way they can tax everything. Everything. They can tax every flush you make on the toilet. Right? When technology kicks in and control everything. If you live in a country where that is rolling out, it's going to take a while. Some places faster than others. Right? If you're in a place where you've reached that point where VAT is being introduced and you're bringing universal basic income, you have about a handful of years to get your personal finances in order and make sure you're protecting your family, your loved one from what's coming. Right? And maybe start looking, if you can't change the political system in your country, start looking to other countries to immigrate to. Tangentially related to investing, but what sort of investments in technology and gear are you looking to purchase for your YouTube Twitch videos within the next year? Just curious. Daniel, I need to, like, just a hardcore computer, desktop computer that has coolants, multiple drives, internal drives, so major hardware for the personal computing that I can hook everything up to. So that hardware is going to run me a few thousand dollars. Right? That's one of the things. For sure I'm looking, I will be getting mics, camera, and stuff as well. I don't need lighting here where I am because I have a lot of different types of lamps and stuff. My eye is pretty good for lighting so I can set things up properly. Okay? But I'm not going to know exactly what I need until I mess around with these systems a little bit more. Okay? Because at some point I'm going to start live streaming on YouTube as well, specifically related to comic book stuff, or live streaming both on YouTube and Twitch at the same time. Let's call it that. And I do want to look into the podcasting stuff, right? I wouldn't mind, because people have been asking me for a while now to start doing a podcast. I used to be sort of podcast. So look into that. Thank you for following Bitsuitcase. Eight Bitsuitcase. Eight Bitsuitcase. So this is a lot of hardware, basically, right now. Aside from that, once that's set up, we'll get modules ready to go. I need to bring people in from the back end to set up the website, set up the interfaces for this and that, do some of the graphics. There's a lot. I'm here for the long haul. China has a draconian social credit system. It's scary to even think about it. Agreed. I would not want to live there. Okay, moving to Canada. Canada is further away than the Scandinavian countries from going digital. It's way further away from China, not even close. And in Canada, to a certain degree, we have a little bit more rights in regards to privacy than the United States. Some, some not. It's gone draconian, gone in that direction anyway, totalitarian in Canada, faster than I would like personally. Do I think the US currency is going to drop? No. I think US currency is going to keep on getting stronger for the next few years anyway. I don't know what it's going to do with the next, you know, let's say five years from now or 10 years from now, but within the next two, three, four years, I think it's going to keep on increasing in value. Or being a preferred place to park. I prefer streams over podcasts. Now for me, I'm sort of thinking about this. Wouldn't you consider this, don't you? Wouldn't you consider this to be a podcast as well? It's just a live podcast that we're doing. Or podcast necessarily has to be interviews with other people and stuff. Sleepy waves. Dollar is the strongest currency right now. Yeah. Sleepy waves. I want something to work on every day that I can make money with, but I don't know what to do. Are you handy, Mr. One Bitcoin? Are you handy person? What do you predict Bitcoin? Bitcoin would act if a stock crash happened. I think Bitcoin would crash as well. It might get a little blip, but if the stock market crashes, right, fully crashes, I don't think Bitcoin is going to go through your roof. I think people, the whole world is pretty much leveraged right now. So people aren't going to have the money to buy a virtual currency, a digital currency, a cryptocurrency when they need to pay the bills. So I think people might panic a little bit and try to take out cash. One of the other reasons is because if there's a major stock market crash, it needs to be major. There's going to be a lot of smart money waiting for those little blips to happen and not pieces. So I think it might shoot up, Bitcoin might shoot up. It might shoot up just a short term, but it will meet major resistance with people dumping to take. Because if something goes up 100%, so let's say Bitcoin goes up 200%, right, it's trading at 8,000, let's say it breaks a previous high, 20,000 goes to 24,000, right. It's gone up triple. Let's say the stock markets drop by 50%, right. Now you could hold on to this and hold for five times return. Or you could go, hey, stock markets drop 50%, I'm going to pick up some of that stock. So if you had any Bitcoins, would you not go pull the trigger, get the money out and pick up some of the loose pieces here? Yeah, but podcasts are generally pre-programmed and there's no chat interaction. Oh, yeah, podcasts, no chat interaction. Yeah, I guess so. Doesn't Joe Rogan or Jimmy Dory, I don't think he does, maybe they do, but Jimmy Dory has a couple of people that he, the Jimmy Dory podcast, he live streams or audiences, I don't know what he does, right, or he interviews people. There's a couple of people reading tweets and chats and stuff. I didn't like the chat, so if I did podcasts, I would definitely keep the chat going. And if I did podcasts, I think I would just live stream that way you're doing one job with triple the return, right, which is sort of personal finance. I like layering my work. So if I did a podcast, right, I would live stream at the same time, which would be on Twitch, and then I would upload to YouTube and BitShoot, which would be video sites, and I would have the podcast, right, so that triple, you know, the one thing would triple the benefit. I'm kind of handy, but I'm not a carpenter. So Mr. One Bitcoin, if there's something you want to do on a daily basis, find out what you love doing, you're okay spending a lot of time with, and try to incorporate that into your life and see where you can generate money. If you're not handy, if you don't make things, like you said you wanted to do something, make something every day to make money. If you like painting, just live stream painting, make videos, upload them, right. Start, like education is one place that's booming, right, and it's going to be booming for a long time to come. I sort of got a feel of that, like 15 years ago when I realized our current centralized education system was not just bad, but it's completely collapsing, right, which is one of the reasons I started doing these videos, to mask up and cut them like that. So start sharing information, because education is a sector of the industry which is going to be booming for many years to come. So if you have some knowledge you want to share, and just play around. Worst case scenario, worst case scenario, you acquire new tools, you acquire new powers, right. You learn technology. That's benefit to you, right, that's investing in yourself. I should have invested in Bitcoin in 2012, yeah. But here's the thing, I mentioned, if you bought in 2012 or 2011, when Bitcoin was let's say a dollar, right, or less than a dollar, or pennies, right, would you have held on to all your Bitcoins? Would you have held on to all your Bitcoins? No, absolutely not. If you bought at a dollar, the outside you probably sold half your holdings when Bitcoin went from less than a dollar to $30, the first pop, right, at least half, and it came down to three, and then from three went up to above 100. So if you still had some at 30, and you saw it going down to three, would you buy some? Maybe I would, right, and if went up to above 100, would you have kept all your Bitcoins? We sold half. The odds are if you had 100 Bitcoins in 2011, 2012, with all the ups and downs, the odds are you probably only have one or two left right now. So forget about thinking about you wish you had bought Bitcoins in 2012. You should think about what would you do with money if you had right now to invest. Fear is always strong. Stronger than greed. Whole world fiat and over leverage for sure. They are. The whole world is in a bubble. But can the bubble go on? Sure. So you need to be an expert in Bitcoin because as much as Bitcoin fluctuates, still has relative rules and stability. You need to delve down into the systems and cryptos aren't the same as they were in 2011 and 2010. Cryptos in 2010 and 2011, you could have easily sold in the open market and cashed out and stuff like that. Right now as soon as you convert to fiat currency there's a known track record of everything. You can make phone calls to back dealer Bitcoin sellers or crypto sellers where you can meet them in person and they give you cash, certain percentage on every Bitcoin. You transfer Bitcoins and stuff like this. But it is what it is. Jimmy Donner has sidekicks. They read his chats. People do podcasts on Twitch all the time. I would assume they would be doing for sure. He would have sold at $10. If you bought a dollar, if you didn't sell some of your holdings of $10, then you're a noob, right? Because if you buy anything at a dollar, it goes up 10 times, you're going to liquidate some of it. You'd be foolish not to. What kind of financial courses do you suggest people to study for practical, practical? I would say if you want to get a feel for economics, finance, how our current economic system works, I wouldn't necessarily say take a course because I haven't taken a while. No, I have taken a course in the past like accounting and stuff like business. I register in a business program stuff. But right now, if I wanted to learn about economics and personal finance and stuff like this, I would go online and start reading. Figure out which branch of the economy you're interested in. If you're interested in the stock market, go to some websites and you only need to register. Just look at some companies, look at the ratios, because economics, personal finance, it's just ratios, return on investment, PE, your beta, just whatever, everything with stocks related anyway. Start learning about the ratios and just start looking at the charts. Every day, spend an hour reading economic news coming out and not just coming out from CNN and crap, just feed from the companies themselves. Look at their stocks and just get a feel for how the economy works, how stocks behave relative to news releases. Sit in on news conferences. Your quarterly or yearly reports that public companies do. If you're interested in anything that's public anyway, you can do that. If you're not interested in anything that's public, if you're interested in certain types of products, figure out who makes these products that you're interested in and follow them as companies, whether it be private or public. See what they're doing, are they expanding. Right now, with the internet, with the information at our disposal, you don't need to take any financial courses. You just need to decide which system you're interested in spending a certain amount of time in and learn the economics of that system. Are you interested in collecting art? Figure out, look at charts and see how the prices of certain art collectibles and stuff goes up relative to time, relative to their discipline or the age, the year, where they're located, which countries and stuff like this. Like Canadian art, from what I understand, like Canadian indigenous art, right, has for the last 10, 20 years or something on a yearly basis is given in terms of like, if you invested in the right artists, right, has given returns of like 30% yearly, like that's huge, right? Personal finance is personal. It's not just finance, it's personal finance. If you want to just study finance, just pick up a finance book and start reading the term and it's just ratios. But if you want to personalize that, you have to take a look at yourself and figure out the economics of what are you interested in learning, right? The economics of raising children, the economics of farming, the economics of collecting, the economics of teaching, the economics of warfare, the economics of agriculture, what are you interested in? A very important question. I sold my crypto recently for a loss to release some euros, release some pounds, but I'm okay with it. I enjoy the overall process of educating myself on crypto for sure booty here, right? One of the best ways to learn is to do, right? There's a saying when it comes in the gambling world, right? The only way to learn how to gamble is to gamble, right? And if you're just getting into gambling and stock market is gambling by crypto, is gambling, right? The best way to learn or you should expect that the beginning stages when you're getting into something, you're going to lose money, right? You're going to make bad choices or you're going to make choices that are going to teach you lessons and the lesson that you learn, the cost of, you know, what it costs you, that's how important that lesson was, right? Yeah, many I would have sold them at first increase, yeah. What I could have should have is a bad mentality, focus on the present, like 100% agree with Dante, right? Oh, I should have, man, there's comic books I passed on. Crazy, right? Crazy. Okay. Or I didn't, you know, I didn't want to let go of this comic book to buy this comic book or had two choices of comic books to buy. I thought these ones instead of these ones, right? Could have should have, but I don't know, man. It's okay to keep those in mind, right? But don't take them personally. Don't take them seriously. Don't let them stress you out. Rich dad, poor dad, intelligent investor. Sample the power of success principle. 100 life changing secrets of successful people. Change my life, you know, no joke. Mr. One Bitcoin. Rich dad, poor dad, intelligent investor. Mr. One Bitcoin. If these are books and stuff like this, if you're on our Discord, go to our Discord and post them in the book section or something, right? There's two different book sessions. There's light and heavy. Post them in the heavy. That would be great. That way other people can read them too. I by chance came up across a game in my city and the lack of places that sell 3D printers. I made a really good return with two 3D printers and I'm ready to start a bigger business but I don't want to lose all that I have made. You could do a survey, I guess. And you don't have to go big. 8-bit suitcase. You don't have to go big right away, right? You've got two 3D printers. If they're running at full capacity, just buy a third one. If that starts running at full capacity, buy a fourth one. Just go slow, right? And with technology, don't buy the 3D printers. If you can cut a deal with the 3D printer maker, if they're really expensive, I haven't looked into how much they are, if they're really expensive, cut a deal with them and lease them, right? That way you can write off, if everything's on the up and up declarations, you can write off the cost of the lease on your taxes and you can cut it, you know, you should be able to cut a pretty sweet deal with the people making this product to upgrade to the new system when they come out and stuff like that, right? And if you do that, if you're on full capacity with two, if you cut a leasing deal, maybe you can get your hands on two more, right? Grow exponentially, right? Modular ones are exponential too, but double your capacity. And four, go on a full capacity, get four. Four more, get eight. I was gifted an amount of Bitcoin on Reddit in 2013 and I sold it during the peak in December 2017. Infinite percent profit, yeah. That's it. I feel Bitcoin Crypto needs a new brand in order to be more successful. People know the terms for the wrong reasons and I think it's quite prohibitive to screwed. To a certain degree, I agree and I also think it has to be simplified. It's too complicated stuff, really, it's too complicated stuff. It's still too much of a niche. They weren't able to convince people to spend their cryptos, right? So crypto is being hoarded because people are assuming that it's going to continue to go up in value. So they're, you know, unless they really need the money, they're not really selling. Unless they're sappy investors, they're not really selling, they're holding. If they're considering now to be savings, which could be buy one Bitcoin if you think it's going to go to a million, just park it, right, if you're not into trading. But there are people who might be hoarding more, you know what I mean? They're not spending on that currency. It was being spent on that currency at the beginning to a certain degree. People were giving it and passing it around. But now it's being hoarded, which is not the best thing to do if you want to introduce a new currency into the market, right? You guys have any snacks you're munching on? Sour dough. The odds are I'm going to list more comic books on eBay this month as well. Can I give you some background? Education wise. Yeah, I'll give you education wise. Education wise, I got my degree as a geophysicist. I have a glass of water. Glass of water is good. I always have a glass of water. My education, my bachelors in geophysics and a minor in mathematics. You know, I relate this to personal finance. I've always been interested in business. Eating cheese sticks and chicken on a court. Cheese sticks and chicken. That's good too. So I've always been interested in business and stuff like this. Here, I'll give you my first business venture I ever had. I don't know if I've shared this with you before. When I was in elementary school, right? This was my first business venture that I remember. It might be other ones, a couple other ones before. Nah, just random, but this was a big one, right? When I was in elementary school in my city, and still this thing goes on, there's an amusement park, very little amusement park, relative to Disneyland and stuff, small, but in Vancouver there's an amusement park. And every year, for two weeks, there's Pacific National Exhibition comes in to this amusement park. So they bring in lots of concerts, and they bring in lots of animals, and they got the derby races going with cars crashing into each other. Those are super cool and stuff, right? So it's sort of like a fair thing that comes into this amusement park for two weeks out of the year. And this was in the 1980s when I was in elementary school. And I haven't been for a long time, so I don't know if they have this now or not anymore, but during that time there were no casinos in our city. If you wanted to gamble, you had to go fly out to Nevada, go to Vienna or drive to Nevada. You had to go to Nevada from Canada to gamble, right? So in the 1980s, when this fair used to come, they brought the animals, they brought the circus acts, some animal acts, derby, destruct derby and stuff like this, concerts, and they also brought games of chess. So carnival games of chess. So they had one thing, they had the wheel with the arrow pointing, they spin the wheel. It's like these little sections. You put your money on the section, you put a dollar on it, the wheel spins, the thing spins, the pointer spins. If one pointer stops where you had your money, you get double your money. If two pointers stop, you get triple your money. If three pointers stop, you get like five times your money. If four pointers stop, you know, they give you money. They had other games of chess as well. That was one of them they had. They had Lucky 7 where they had a spin thing, they spent that you put above 7, below 7. They had these things, right? One of the things they had, they had an energy setup where people stood here and then in the middle, it was like basically a square, right? So there's people standing here, people standing here, people standing here, people standing here. That is maybe 10 meters by 10 meters, right? Let's say 8 meters by 8 meters or something like this, right? And inside this central area, right? Now remember, people are standing on the outside. Inside the central area, they have like bowls and cups and plates and stuff set up and each one had a number. So if you have pocket change, you take your pocket change and throw your change into the center and wherever your change landed, you would go tell the person that was usually two people that were two or three people. If they were busy, they had people on either side, like four corners had people watching this thing, right? So let's say you flipped a quarter or 10 cents and it landed in a bowl that said three times. So you would get your money back plus three times that, right? So for your quarter that would give you back, I can't remember, it was 75 cents or a dollar, right? So it was like gambling because you were throwing change away, it was chump change, right? And it was crazy because anyway, kids were doing this, right? It was like gambling for kids, right? Then grown-ups were doing this stuff and then they would come and give you change. So I did this a few times. I was like, hey, this is great, fun, right? Doing it with my grandma. It's the grandma you see me play back gambling with, right? I used to go to the fair with her, right? And during that, when I was that young I would play back gambling with her too, right? I know, great to see you back streaming. Camille Barronon, Barronus, how are you doing? Glad to be streaming, right? So they had this game. It was fun. So we went to this thing and then, you know, I came home and I sort of went, that's brilliant. I want to do, right? So the weekend came, okay? Friday when I came home from school, right? I went to our garage and I told my mom and dad don't park the car here. I'm setting something up to play games with the neighborhood kids, right? And they said, okay. Then my dad was in construction so there was, we have wooden stuff. So I drew, I brought a chalk. I believe I brought a chalk and I drew a line of chalk and I think I put two by fours of two by eights on the ground. So, you know, there was a ledge, right? And then I took another two by four, two by eight. Since you're talking about gambling are you those women blackjack strategists? I've done, yes, counting cards. You can make it work, but they changed the game. And in the 80s in Las Vegas you could still play blackjack with two decks, blackjack. Four decks in the late 80s, early 90s. And then they brought in the six decks and the promo shuffles and card counting sort of out, right? So I set up, drew a chalk, put a two by four, two by eight on the ground and then I put up a, I think two by 12 or something like this that we had. That we're standing up. And behind this thing I put, I was in the kitchen and brought bowls and pots and cups and stuff. I put numbers on each one. And I went and told the neighborhood, the kids, that I have a game, bring your change, here's what it is, right? A couple of people came on Friday, two, three, four people came on Friday. On Saturday, I had the place running for like four hours. Kids were coming, throwing their change. I was collecting change, right? They were running out of change, going home and grabbing change and bringing it back and playing this game, right? Sunday came. I ran it again. We closed it because our family needed to go somewhere and stuff like this. I came home Sunday and my mom called me and said, teacher, what are you doing in the garage, right? They went, I went, well, I've set this up. I showed her, I set this up, set this up, set this up. She goes, you didn't want it. I said, I did this. She goes, I'm having calls from our neighbors saying that their kids have been stealing the change jars at home and they're empty. I go, that's cool. Here's the jars of change that I have. Like seriously, I don't know how many jars of change. Like I made a ton of money for some kid in elementary school. I made a lot of money, right? My mom's like, what? Oh my God, we're new to this neighborhood and we had just come recently from Iran, right? For a couple of years. They're like, we're new to the neighborhood. You're doing this. They must think you have to give all that money back to people. I go, wow, I don't even know who threw what. Like, well, you can't give money back to people. She goes, you have to give money back to people. You have to give it back. So I said, okay. So I took a jar, like took my chain, put it on the side. I opened up shop again and kids showed up and I said, listen, you know, you guys have been taking money from your parents without telling them stuff. You have to give your money back. So I said, how much did you lose? And they said, oh, this much. And I said, I don't know that much. So I started distributing a little bit of money. I was like, just imagine. This was my first lesson of being understanding what the banking system is like or being one of the powers that be, right? I had multiple jars of change and people were coming to me saying, oh, I did this much. I don't know. You did that much. I think you gave this much. So I had like three jars. I returned like one jar, one and a half jars and I kept two, two and a half jars because I had no idea who spent what, right? That's something about me, right? Economics. So that was a great lesson. That was a great lesson. It was incredible, right? So when people tell me what you should do as a personal finance, start experimenting in our current economic system. If you see something, if you think you're interested in doing that thing, try it out. Don't go get a loan on the house and mortgage out your family to do this thing because you don't know this thing. But play around with it. You learn things. Blackjack is probably only one of the casino games you can have someone have an edge on. Are you used to it? Not anymore, okay? The best game in the casino, I graduated in the craps. So if I ever walk into a casino, I'm not interested in Blackjack, Baccarat, forget about it. Like I know people talk about it, but not about it. You want to play a gambler's game, right? The one that in general, from my experience, you graduate too. I've played a lot of poker and roulette and all the poker are huge, right? The one that the only table game that's for me that holds any attraction is craps. Nothing comes close to it. I've always wondered, I believe you have a partner or are they always out of the house when you stream? No, not necessarily. During your high streaming times, you must kick them out. No. We have different rooms here. We have food. We have entertainment. We have internet. We have books. You can always find things to do. You can always find things to do. While poker is too. Since you're playing against other players, not the house, yeah. What do you think of the future of robotics? We talked about universal basic, I disagree with universal basic income. Because in the limit, it's totally destroyed. It leads to a complete totalitarian state where the inequality will explode and it'll be a disaster, right? Robotics, automation is changing our economic current. World, dramatically. I hate losing money so I don't like gambling. Now, Mr. One Bitcoin, good on you. Good on you. That said, there are amazing life lessons that I have learned about our society, about human nature and about myself on the poker table, on the craps table, in casinos dealing with people. I don't really gamble anymore. Very little. Monopoly. You guys have seen the live stream of monopolies, right? But I don't frequent casinos. Poker, I'll sit in. We play with our family, we play board games and just to spice it up, throw a little change in that. Chichou, I'm currently having my savings in an online bank. If you're going to have your savings in an online bank, I would recommend distributing that to three or four different online banks and preferably one of them or two in person that you can go to and cash out some money if you need to. And I would highly recommend not keeping all your savings in currency in a bank account. I would recommend you figuring out, I mean right now might be a tricky time because if there's a serious crash coming cash is king so you can gobble up some delicious stuff, right? But you definitely don't want to be 100% cash. You definitely don't want to be 100% invested, right? So my recommendation would be don't keep everything in one place. Really, don't do it. It's not a good idea. Especially not in our current economic mindset, right? I don't understand how UBI will lead to increased inequality. Here's the way it's going to work, right? Who's going to hand out the UBI universal basic income? The centralized power is going to hand out the universal basic income, right? It has to. If it's going to be universal basic income it's going to be centralized power, right? Now if you take this to the extreme limit if there's a global government then one location and that global government is going to hand out money to everyone. If that doesn't raise red flags you have to look into that, right? But that's just always going to be a country. Universal basic income per country. Can you raise the gains slightly on the mic? Sleepy waves, I'm pretty maxed out on this. I can talk closer. And usually I think what's happening is during these live streams as I keep on talking my voice becomes lower and lower, right? But I'll bring it closer. I'll talk closer to the mic. So let's assume basic income is in the hand of a centralized federal government ruling body that governs over a country. On the most basic level if you want to take the United States for example, right? We'll take one example. Obama brought in the he gave semi dreamers, the dreamers act where he allowed some of those who have entered the United States living and working in the United States illegally for decades protection that they could continue. And then the new administration came in and all of a sudden there's a database of all of these people some people have been saying this was a tactic that they wanted to create a database and then the republicans come in but that's going into theories, right? Let's stay with the facts. The new administration came in and they have this database and they with the central government they've been zapping people up or sending letters to people. Now just imagine this with universal basic income. Universal basic income, right? Let's assume one government says everybody is eligible for universal basic income. Another government comes into power, right? Another party comes into power and that party all of a sudden criminalizes a certain type of behavior in that society. Let's say prohibition on tomatoes. Anybody that's growing tomatoes is a criminal. And governments have done this, not necessarily tomatoes even though tomatoes I believe there's a period in American history that tomatoes were even illegal, right? But many things could become illegal. Gold was illegal to hold at a certain point in US history, right? In the last 100 years. Right? Many things can be prohibited by governments. So let's assume these governments a new party comes in and prohibits something in that society. And anyone that is associated with this is now a criminal. And then they say anyone that's a criminal cannot receive UBI universal basic income. Just like the way that anybody that has a felony conviction cannot get student loans cannot get support for housing cannot get this, cannot get this, right? All of a sudden all of a sudden inequality, right? That's on the most simple level. Did I answer your question Olive? Once you centralize power that power can do whatever the hell it wants to the society. And once you centralize power okay? Those who want to corrupt this society or control the society have their jobs cut out for them because they don't have to go all around the country to corrupt right? To take over. They just have to go to the central institution regulatory capture the centralized institution and control everything. Chico, how can you use a crash for his advantage? Chico, how can one use a crash for his advantage? Keep some cash liquid and buy buy buy pretty much right? And by the way, that's one way short-term gain to a certain degree right? The other way you could take advantage is come up with disruptive innovation that gives you alternatives to the systems that crashed the economy to begin with. Cryptocurrencies is one of them right? Cryptocurrencies blockchain technology came about because those who understand how our current economic system works have zero faith in its longevity right? So you could create come up with disruptive innovation that challenges the status quo and yes I agree with you although the system is corrupt right now system is very corrupt right now crazy corrupt it's insane on every level well that goes into politics and now I don't know if we talk too much politics or where we stay in economics I think we stay in economics focus, I hope so anyway I don't want to go down there's a fine line between politics and economics I really want to stay on the economics front in these live streams so cordially and cherry liqueur so so good there's a lot of opportunities right now there's a lot of opportunities for economic prosperity there are a lot of pitfalls right now no, no Mr. Ron Bitcoin I am old enough, gray enough to be able to manage myself when you say system is corrupt what country system do you mean given that different countries have vastly different economic system China is very different to US, to Sweden, to Japan to a certain degree but our global economic system right now the whole push towards centralization is completely corrupt economic system is not very different than what the US is China's economic system is pure capitalism but it's China is considered to be just one huge corporation and it's business models, a capitalist business model willing to deal with anyone willing to trade anything willing to do this, willing to do this so they're not very different on that front okay all countries differently but there's major corruption in China as well every centralized system is corrupt I don't know of any centralized system that is not corrupt our education is corrupt our healthcare system is corrupt our economic system is corrupt our banking system is corrupt our tariff systems are corrupt our political system is corrupt our food agriculture is corrupt everything is corrupt I like to think people in power elected democratically wants the best for its citizens I'm clearly naive but I'm young so it's allowed and all of you're an idealist which is not a bad thing but you need a dash of realism in there it's amazing to want what's pure in the world but it's also very prudent to realize how the world works right what we can do in our lives we can incorporate that purity the way we conduct ourselves but when we conduct when we deal with these systems we always have to keep in mind what they are opportunities I'm still broken yeah awkward sleepy waves you don't need very much money to be able to generate money really in my part of the world if you drive around local communities like in the suburbs at the end of the month at the beginning of the month there's tons of free stuff being put out in front of people's houses where you can grab them walk around find things that you think are available that you can fix gather them up fix them up do whatever you need to and sell them you got them for free you got exercise you got a little bit of hobby going on and if you're doing handiwork livestream the stuff so you're also doubling up creating content and sell the stuff worst case scenario you spend some time walking learning acquiring powers tools don't let it interfere with anything else that is important in your life but if you're wasting your time you're bored if you're watching reruns of family ties I don't know or Seinfeld go do this if you're broke if you can generate a little bit of money just get an ambassador on that note definitely not the flavor though is powerful amazing so good you almost can not have a decent 9-5 job as most benefits are negated by making people work as subcontractors for short periods of time but for me I like contract work personally I think the 9-5 jobs where the company provides health care are to a certain degree could be a bigger problem than working contract because a lot of people work those jobs not because they're getting paid well but because they have Medicare health care benefits so they're basically slave to the benefits that the company offers even though they hate doing what it is 9-5 one party government is it corruption or is it that we haven't developed new systems because everyone is so complicit in how things work right now that I think is it corruption there is corruption there's no doubt there is corruption in our current systems we haven't developed new systems because everybody has too much vested in our current economic system right like as Bill Hicks would say, Bill Hicks has this routine seriously, Bill Hicks if you haven't watched Bill Hicks or Reptor sit down and watch everything Bill Hicks did okay you will love him, you will hate him, you will call him a prophet there's one sketch Bill Hicks has he says it's basically it's the ride just do Bill Hicks it's a ride right Bill Hicks H-I-C-K-S Bill Hicks and then it's a ride where he says people confuse life what they're doing in their everyday life the way they've learned to behave or been programmed to behave they think that's real but that's not real that is what they've been programmed to do and a lot of people because they think it's real they will do everything to protect this thing right they will wage war they will throw people in prison they will support parties that political parties that will inherently enslave them they will do everything they can to protect this ride because they think it's real but it's not real it's just a ride okay that is one of the most important bits of information everybody needs to get from our societies, our current economic system okay it applies multi-fold to our current economic system okay once you appreciate what that Bill Hicks segment is about it will change your life well capital is a flawed economic system but we don't know of a better one do we? we don't know of a better one on what level on a local level capitalism is definitely not the way to go if you want to build a community you definitely do not want to maximize your currency your profits for yourself you want to maximize the well-being of the community so I disagree of capitalism if there is nothing better than capitalism families don't function as capitalist individuals right? five people in the family are they all trying to maximize profits from the other four I don't think so hi Chichou, how's the sliger I don't know what that means sliger I don't know what a sliger is is it? is it my little cure? I'm almost to the end here's another cornini and cherry read capitalist realism is that a book? I'm not an idealist idealism is a scary path but we have to have some radical ideas to move forward I agree, yeah we do all of for sure this technology was a radical idea right? there's been lots of radical ideas in education yes don't make it then this was this much no it's this much this is a cornini and cherry liqueur that I made like two weeks ago so delicious man so delicious have you tried the lemon cello? it's great maybe is that the Italian drink? the idea that we don't can't do better than capitalism self-affirmed prophecy yeah it's a book, okay cool capitalist realism yeah I agree with Dante we can do way better capitalism, jeez so much better so what's Star Trek? really what's Star Trek the next generation? there's an idea is that ideal? no that is to a degree totalitarian, militarist universe maybe some people would consider it to be is it true that gold investment isn't that good depends why you're investing in it are you looking for multi-fold return in a short period? no, getting tipsy? no, not getting tipsy did you try Jägermeister? yeah I've tried Jägermeister yeah for sure many many moons ago many moons ago I haven't had Jägermeister forever it feels like medicine it's supposed to be good for you actually good minerals in there by the way, thank you for the follow-ups thank you for the subs is that a dam? you slam not right now capitalism is really good but it has to be controlled by some extent there has to be alternate alternatives to capitalism and there's different types of capitalism everything shouldn't have shouldn't be commodified you shouldn't be able to buy everything for a certain type of currency there are certain things that should never have a price tag I don't know capitalism doesn't account for that how did you make your money? do you have money? what do you mean with money? like how much money? I'm not really in debt that's better than most people I know a gold investment for when other things lose value in a situation like war thank you for your say amigo if I had money to spare where I was investing, I wasn't investing in myself I was investing in commodities and stuff like this markets and whatnot I would definitely have a certain percentage of my funds in gold and not gold certificates or gold companies and stuff like this physical gold I would acquire not for in that's not for to acquire lots of rate of return that's for stability that would be your lowest you could go right? so that's one of the reasons some countries are acquiring gold because if they're acquiring gold then they're raising the bottom that they can fall to really because gold is not going to drop in value 50% it's not going to happen again you can't say it's not going to happen again but I don't see it happening anytime soon any currency in the world right now can drop 50% including the US dollar right? so if you want to set a base to how poor you might be not a bad idea to increase your gold reserves hard gold okay physical gold unless you're a genius who could predict economic crashes I wouldn't invest in gold because it's never going to turn a profit I agree to a certain degree with Dante it will turn a profit depending on the time frame right? like I remember talking with someone before the US went into Iraq and gold was trading around 200 and we're talking about wars and stuff like this and he kept on asking me about gold if you want to invest in that thing gold is going to go up okay and in 10 years gold went from 200 to 1200 that's not a bad return but as I said gold is sort of setting a base how low you're going to be and it's all relative differential accumulation spider beans oh hey Chico, forgot you were streaming right now on a Sunday no Sunday what am I saying on a Tuesday on a Tuesday at 1pm nice to have you spider beans what do you think of Peter Schiff's doom saying and calling the whole US economy a bubble the US whole Peter Schiff is not doom's saying he's just saying that the whole US economy is in a bubble and it is like can the bubble continue have they inflated the bubble for 10 years yes 10 years the bubble has grown if you want to extend the past out for 20 years the bubble has grown like these types of events Peter Schiff is now wrong on his thesis where he's wrong is on his timing right Peter Schiff's timing is off will he nail it right now as the whole US economy going to blow up maybe what do you think about Jeffrey S. CNN's hedge fund Walt Street as Stanley Kubrick has been has been alleged to have said by Nicole Kidman the world is run by Peter Files right Jeffrey Epstein is on that front of Walt Street Hollywood the government there are tremendous number of people in those institution systems that are associated with the people of Epstein incredible that one of the greatest news stories and it's related to health economics as well because it was Walt Street made a blip once for a few weeks disappeared because the person was sent to low security jail where they go home during the day and do whatever they wanted to do and then go home to a cell and sleep and then do the same thing the next day and then it hit again made the news for a couple of months and then went away I hope you're doing really well man you should spider beans you should check the search Patreon out when you're free the link should be back up ok I'll check it out beans thanks I went to it I saw this video too it's a two minute video you're saying in the olden days if you were a conductor or something you would have patrons wealthy patrons that would sponsor your symphonies and stuff like this and he's saying I have a lot of stuff I want to do and you guys are my patrons which is fantastic which is basically what all of us every creator is doing saying hey you value this product you value this voice this sound this creation support it decentralize the arts decentralize information decentralize entertainment more power to search tahini with honey is delicious very delicious peter ship isn't nobody I read war is a racket after your recommendation that was an eye opening read indeed olive indeed don't listen to anyone worth less than one billion in the bank I would disagree play the stocks how do you know peter ship ain't a bozo he seems pretty legit to me play the stocks he seems pretty legit because billionaires are going to tell you the truth and dude play the stocks what is your purpose in life ask yourself that is it to acquire a fiat currency in the billions is that your your purpose or is your purpose to thrive as a human being create share dance sing eat party read learn grow be happy be healthy what is fiat currency has to do with that I have no wealthy people I have no poor people I have been very wealthy I have been very poor I can honestly tell you the ratio of those who are happy to those who are poor is the same no matter where you those who are happy and those who are not is the same no matter where you go if you go super rich or super poor it's the same the number one cause misery is ill health stay healthy you're on a phenomenal road to live your life it's hard to do all you want to do with no money agree Olive when I say billionaires and poor, super wealthy and super poor for sure you need a certain amount of money if you want to call it currency disposable income to be able to live your life properly alright what happens though there are people that chase the carrot right they set up a plan to make this much money and then once you reach a certain level once you rise up in the social framework of things you notice more things and when you notice more things you go oh look at that carrot and then you try to get to that carrot and when you get up there you go oh look at that carrot and there's people above you dangling these carrots so you have to be wise enough to know when enough is enough when you've spent enough time to acquire a certain amount of safety net where you're comfortable to explore your own consciousness right on an economic front to build your family friends relationships to acquire additional knowledge that you can learn about some type of system that you wanted to learn it's not about not having money or having money it's about knowing how much you need and being able to balance out your life with the things that money can't buy okay a lot of people assume that money can buy them everything they reach a certain level they realize that money can't buy them everything but they're trapped they already sacrificed so much that their money couldn't buy for them to get those back they would have to sacrifice everything they work towards a lot of people are afraid to let that go right and they live a miserable existence as you start acquiring wealth always re-examine your life try to figure out what gives you pleasure what does not try to reduce the things that don't give you pleasure and increase the things that do give you pleasure but always the background try to make sure you're able to maintain your life and you're not leaning on every now and then you may have to lean on others to help you out but make sure you're not always leaning on someone else that you've built yourself enough support that others can come and lean on you as well build your communities okay build your relationships because when all is said and done a billion dollars in a bank is not going to make you happy save your life give you love or rich it is just different type of problems it's just that wealth gives you security to a certain degree as Biggie would say more money more problems there's a lot of people that I know that have a ton of money and they're leveraged to the tilt they're chasing that growth if there's a hiccup in the economy their value they've seen this in the past they're down to here what been? how are you doing? a lot of times I don't see it some guy once said being poor isn't having little but wanting much do you think rich people laugh differently? I don't know there are rich people that I've met that there's a certain type of entitlement to their laugh there's poor people that I've met that there's a certain type of entitlement to their laugh right? so it really depends on people I've met rich people who have fake laughs I've met poor people who have fake laughs and fake laughs you can catch especially where it's really they've been doing it for a long time who do you think is more likely to win the space race? Elon Musk or Jeff Bezos and do you believe their intentions for exploring space are non-selfish? I think Musk and Bezos have both have the same public masters to a certain degree are they selfish? I don't know them personally I really don't know who's going to win the space race? there's China's in the space race Russia's in the space race India's in the space race Iran's now in the space race North Korea's in the space race who's going to win the space race? is the US ahead? from what I understand they were using Russian satellites to get their Russian spacecraft to get their satellites into space until a few years ago so who's ahead in the space race? I don't know Elon Musk I don't know it's too delicious I didn't time it properly I should have brought the big jar next year I'm going to make a couple more jars of that stuff it's super delicious man what do you guys think is a good investment right now? where should people invest their money? that not on the level of multi-billionaires but for me and you you know not much disposable funds that have a certain amount of knowledge, certain type of knowledge that have a certain amount of the belief system in our society that you're here watching this live stream and me doing it right? what do you think is a good investment right now? in terms of personal finance education? learning if you're educating, learning programming that's a good idea do you have like a percentage based ratio you use as a guideline for what you give your income? where I distributed? not really, I sort of play around depending on what I'm doing for me I don't recommend my lifestyle to everyone really, I really don't because it is but I function on this well it is just what it is right? so for me there's certain things I do certain places I spend money on, certain places certain people I spend money on and money with how do you think virtual entertainment will affect the physical economy? I think it's huge I think it's already affecting in a big way there are many people who are for short periods anyway but there are many people that I've known that are very, very happy living in a studio apartment making just enough money to maintain their lives but they're some of the most top people online in whichever platform they've decided to spend a lot of time on so they've got a lot of currency in that platform so it really depends like for me I distribute a lot of my resources towards live streaming towards creating videos towards the social platforms and creating content so that's a place that I put a lot of my resources in invested sex robot companies those won't be healing me you think so? maybe, I don't know the sex trade for sure will especially if everything goes belly up it'll be disastrous it'll be disastrous like I've heard about 30% for living expenses 30% oh is that what you mean 30% to invest and the other is usually taxes if you're making money the way it works is this living expenses in general my part of the world they say you should you should account for 30% being rent, 30% being food and 30% going towards taxes entertainment other expenses healthcare 20% all that stuff and 10% should go into savings 5% should go into savings for sure where I live rent is more like 40% food is more like at least 30% 30% to 40% there's only 20% to play with and that percentage really changes as soon as you break certain barriers as soon as the ratio for someone making $50,000 is a lot different than the ratio for someone making $200,000 someone making $200,000 are they going to spend the same percentage on food as someone making $50,000 if they're eating out every day then fine but they're going to be paying a lot for their healthcare issues that they're going to have later down the road UK and the sexy you too most of the companies are going to crash by then yeah the sex robot companies invest in specific companies you think have a future yeah you got to do research with Dante 100% you really have to do research and there's going to be companies that are run well in your industry and companies that are run poorly in your industry you can buy the ones that are run poorly once they crash and then one of the companies mergers and acquisitions that hire up they come and gobble this one up and they pay a little bit more oh Dante thank you very much thank you very much I've been making like $30,000 a second at RKRM $30,000 a second $30,000 a second UK and D I think you're going to find other streams where you can enjoy your kinks and invest it into tomatoes tomatoes might not be a bad idea depending on where you are VR is going to only get bigger people want to escape from reality plus it has its own culture that is more free to do it's it's anonymity agreed, virtual online is huge that's one of the reasons I'm here is it going to be VR is it going to be this, is it going to be podcasting is it going to be videos is it going to be blogs bobby big noob I'm quick let's check this out it's weird that we get the troll actions towards the end of the streams I'm ready for the oasis from ready play one already play one, I remember that what's the price of gold right now I think gold is sitting around $15,000 or something like this but I would say that flipping treasure items is better because of fortunate components always being in the man I'm not trolling you're not trolling, okay man man that guy he's saying he's not trolling so I don't know bobby big noob aren't you tired of the noise in the world would you like a place to come and play on an intellectual level and learn or do you just want to contribute to the noise in the world and get lost lose yourself go insane I'm kidding bobby big noob we had some trolls coming during a mass stream yesterday it was just like man you're trolling a mass stream you got to be kidding me thanks for asking Dante if it goes over if it goes over I'm pretty intellectual I scored 100 on my IQ test I think you need some more work to do brother how would a VR economy work if value is totally made of creativity how would a VR economy work if value is totally made of creativity how would a VR economy work if value is totally made of creativity I don't see the discrepancy in that big suitcase I'm not sure how it wouldn't have value not that cannabis is being legalized here and there would that be a smart investment all of one thing I have been tracking is some of the cannabis companies that have already crashed I'm trying to see where the bottom is some of them have already dropped like 70-80% from their peak I'm looking at them seeing what they do when they hit 90% relative to their peak I start seriously looking at those companies so to answer your question some of the cannabis companies will definitely be an amazing place to invest in it's a matter of timing and the medium is the only indicator you need and all others are stupid let's be honest volume is it I hope not it's a technical thing alright next question already read that is it someone let me know if it is I'll stop using it I really like using it seriously I love that word because it means something it's stronger it's a stronger version it's a stronger word than ignorant that would be concerned that VR would go the way of 3D TVs I can't imagine enough people sitting at home and using it outside the initial novelty factor I don't know I think when it comes to the erotica it might be a huge place personally I played the VR games few months ago I did the most recent one 3 months ago 4 months ago I played the VR game it was okay the motion sickness wasn't there as much when I was playing but man when I took it off the motion sickness had built up so I felt nauseous for like 6 hours afterwards I personally would not I wouldn't play I wouldn't get VR games unless it's holographic where I'm inside and that would even be a little weird might even live in Disney bamboo VR is advancing very quickly and it has been coming for decades I would say it's an advancement to normal video games okay everything so PC these days it's crazy see here's the thing VR is going to grow but what's this growth rate going to be is there something else going to come up or is there something else coming up that has a faster growth rate than VR I haven't looked into it too much Facebook is heavily invested in it which is one reason I really don't like it do you think cryptocurrencies are an actual investment or more of a policy scheme there's a lot of different cryptos out there over 2,000 now maybe close to 3,000 now majority are a policy scheme so you have to look into which cryptos you're interested in look at their business model the early ones they're established right now they will be around blockchain technology is going to be around Bitcoin is going to be around Ripple is going to be around Ethereum is going to be around all those ones are going to be around what their value is going to be who knows will it continue to go up possibly very possibly to a certain degree some would say but it really depends on the business model what is their value added feature what did Bitcoin Ethereum take your pick right what are they adding to our society what is their worth is it anonymity to a certain degree yes some would say that's much less now than it was a few years ago is it growth, is it an investment I don't know if I had a lot of cash I'd park some money in there just for very old dice but don't park all your expense all your expense money there that would be crazy that's all your eggs in that basket that's pretty risky that's pretty risky that's pretty risky public structured information, third party system that can be used for many things yeah if you stay within cryptos anonymity, you got privacy do you have liquidity you can liquidate from one crypto to another but add a node when you if you want to convert to a fiat add anonymity is gone you can still do business, trade barter support systems that you like anonymously without a doubt if you want to buy something in a store go up to the owner of the store and say hey listen I want to buy this I don't have any cash but do you accept cryptos if the owner says I do then say hey listen this thing is worth $8,000 how about if I transfer over one bitcoin to you because bitcoin is like $3200, $3300 right now that is a completely anonymous private transaction that is taking place powerful 3D printers are a good investment they are getting really cheap while there are advanced industrial grade 3D printers that are expensive the technology is going to get cheaper and cheaper that is what I am hoping for personally because there is definitely certain things that I would love to on this table right now if I had the funds and I had 3D printers were cheap enough I wouldn't mind getting my hands on something the stuff that they were making whatever it is you are making wasn't toxic I would love to create certain things for the household for sure that would be amazing that would be amazing what a chill stream that was great we are going at this for a couple of hours 8-bit suitcase the info regarding the 3D printers and VR as well we are sure we are adding 3D printers I will try to put them on my radar keep track and see where they are going and Dante thank you for taking care of business everybody else thank you for being here in the discussion do you think the big banks are all in bed with criminal entities? for me personally one of the big banks in UK HSBC HSBC's horrendous was laundering drug cartel money HSBC is one of the worst ones but all the main banks do hey there friend hope you are good how are you doing welcome to the end of our stream forgot to end the sentence HSBC was horrendous at Mexico the fine that they gave HSBC and all the other banks was equivalent to one hour of their revenue coming in or one day's worth of revenue one day's worth of profits that's the fine just imagine for 365 days a year you are scamming somebody for $1,000 a day and then the government finds out come to you and say bad boy, bad girl you are a bad human being don't do it again here's your fine, $1,000 you just raked in $365,000 and they find you $1,000 really? that's supposed to be a deterrent ending sentences is overrated don't worry about it okay gang let's call this a stream gang here thanks for the discussion it was fun sorry if I went overboard a little bit I've been following too much nasty political economic news my patience became a little short after the trolls came in yesterday during the math stream don't do that during the math stream you're sitting in little buggers have a good rest of your day to show you two have fun gang at all probably announce more videos most likely or more streams for the weekend it was real fun, take care you too, you too have fun everyone thanks Dante, I appreciate it