 Hi everyone. This is Chico. Today is January 23rd, 2020, and welcome to another live stream. And today we're talking about investing in personal finance, an open discussion, and we've done a few of these. This is the first one we're doing for the 2020 new year. Cup tree. How are you doing? Cup tree. How are you doing? I hope you're doing well. You popped in quick. Usually it takes me about a minute to do a little intro for these live streams. Thanks for popping in. What I'm doing right now is just going to pop out the chat, get myself ready for people coming in, and it usually takes a few minutes for people to roll in. Some people are quick on the trigger. And again, we've done a few of these in the past. I think we started doing these in 2019, maybe 2018. I didn't mean to have night in interrupt. It's always fun to have people roll in right away, really, because at the beginning I was sort of in a holding pattern, and I usually show everybody what I have as refreshments and a little bit of energy. I got my chocolate tea again today. So I got some chocolate tea. I usually always have a little bit of water. The chocolate tea right now is really bitter. I made it strong. So I got some water. I also have, I'm still in recoup mode, popping vitamin C's and zinc pills now, stuff like this. I got some mandarins that I cut up. Delicious, right? I need the vitamin C in the winter. And there's dark chocolate, dark mint chocolate. And this goes amazing with citrus, right? Dark chocolate. Anything citrus, usually oranges or mandarins and stuff. And what do you call it? Pineapples and actually dark chocolate goes with everything. So I'm popping mandarins and popping chocolate sometimes together. And they go fantastic, right? Give ourselves a little boost. Aside from that, just like politics, just like economics, there's a lot of stuff going on in the world, right? In regards to personal finance as well. The decisions that people have to make or we have to make to figure out how we can place ourselves properly in this changing economic system, right? And we'll see where the conversation takes us. And it's an open discussion. We can talk about anything anybody wants, right? Awesome. Good to see you feeling better. I usually just drink coffee and stews until I sweat it out. Yeah, I did that for the first 10 days. But this is just something that's lingering around. It's crazy. I met a lot of people that say, oh, I'm not sick anymore. They just have, still have the cough just the way I do in the chest, right? So people are low energy. It is what it is, right? Sometimes viruses mutate and, you know, they hit you. And as long as you can come out of this, you're stronger, your immune system stronger, you just have to come out of it, right? The Scarlet Phoenix. Good evening. Good evening. Hope you're doing well. Taco, how's life? I haven't seen you for a while. Hazardous HDTV. Welcome. Welcome. Hope everybody's doing fantastic. Hope everybody's doing really well. I've been, I've been listening to lectures this morning, catching up on news. I got up early. I don't know. I'm just getting up early. There's so much stuff going on that I started editing some video. We loaded up that anime video yesterday and I got a couple of more that I'm trying to load up to BitShoot. BitShoot's having a hard time processing videos. So sometimes taking a couple of days to process. So I don't really release the videos on YouTube until BitShoot's done processing as well, right? So there's a couple of segments coming up shorts from the previous live stream we did regarding politics where we talked a lot about anime and stuff. But the next two are, one is regarding politics and the other one is regarding personal finance, which is one of the reasons why I decided to do the personal finance video right now. Okay. Birdie here. How are you doing? Hello? Hello? I'm okay. Just my boss doesn't have any work for me and I'm a little worried. Oh, what are you doing in the summer? You were doing camp stuff, Taco. No, no, no, you weren't doing camp stuff. You were trying to get a job. You're in Eastern Europe, I believe, and you're trying to get a job with one company. It didn't work out, but you did end up getting a job for the Sharma place, if I remember correctly. Let me know if my mind's functioning better than my energy on other things, right? I tried to figure my way through it until I get to the triggers to remind me what was that we were doing. I think Sharma, you're working at a restaurant. But one of the reasons I decided to set up this personal finance live stream was because the topic came up on the last stream with the politics stream mentioning that Amazon and Netflix don't pay any taxes and I sort of went off on a little three or four minute rant saying why that is the case and that's a segment that I cut up. I'm going to load up in a couple of days. So I figured we'd open up the platform and allow the discussion to grow from there if anyone wants to talk about it. Yeah, now I'm in construction. Oh, construction. And winter isn't a good season. No, winter is a brutal season for construction. And for some reason, I was in construction for a while, as I mentioned before. And in the winter, you just went downtime, right? In the spring, summer, and you would really kick it up a lot, right? Because the weather cooperates. If you're building houses and whatnot, you don't want to be rained on. And then in the fall, you would taper off because fall here, fall winter, where I am, it rains a lot. And you rarely saw house constructions or constructions with wood 20 years ago, 30 years ago in the winter. Now I'm seeing a few houses being built in the winter. And those aren't houses that I would want to buy because they're sitting there, they're wood construction in my part of the world, right? And plywood and sometimes particle board, where it's just glues, they're using a set of what do you call it, plywood. And they're just being rained on for three months until they build a house. And usually, they start putting on the finishing stuff, close everything off before the wood is dry. So what you end up getting is brand new houses that could possibly have mold growing in them. Which is, my God, people are plopping down a million dollars for a house, and they're buying a house that has mold in it built in. It's crazy doing it, right? I guess that's the economic model, right? That's what's pushing the construction so much. And people are just trying to cash out as fast as they can, right? So that's my little take on construction in the winter. Depends what you're building though. If you're building skyscrapers and stuff like this is concrete, you just need the dry weather in the large part anyway, for the most part. When you're pouring down the concrete, once the concrete's all set up and the pillars are all set up, you can build around that, right? Gadgie effects. How are you doing? Welcome, welcome to another live stream. Hope you're doing well. Hope you're doing well. It's very chill here for some reason. Like, not the weather-wise, but everybody's like pretty down low. More chocolate, chocolate, and this. I just watched a lecture this morning that I've linked up in technology on our Discord page, in the heavy technology section. And it was about, let me give you a link for those of you in chat. It's about manipulation of society using technology, specifically focused on, this lecture anyway, was specifically focused on how search results can manipulate specifically elections and whatnot. But your investing habits, your buying habits, what you consume, what you know, extremely, it's well worth watching. You don't really need to watch it. The person only has one slide that he presents at the end. So you can play it and just do whatever you want around the house and just go at it. And it'll give you a really good appreciation of how our economic system, political system, social structures are changing and how that reflects into, in a big way, into our personal finances, right? I'm in tile setting division. Okay, so that's indoors. And mostly I work indoors working on bathrooms, kitchen and hallways, and optionally stairways. Cool. You're on your knees a lot, eh? Hard on the knees. I hope you got the padding and stuff for your knees. Diabetic alien, how are you doing? Long time. I think long time anyway. I'm just worried because if I don't get some work, I might get in debt with my bills. And if you do get in debt, what you need to do, Taco, is just work your ass off and get out of that ASAP, right? Because when you're in debt, a certain percentage, whatever it might be, is not going for you. It's going towards servicing your debt. Just imagine all the debt that everybody carries and all the interest that they're paying. Just imagine if you were able to take all that interest and just invest it, put it away for yourself. Huge difference, right? That video was pretty eye-opening. The video that I link, yeah. I consider myself to be pretty well versed in what you can do with data, but I learned a lot from that video. Some of the stuff that seemed benign at first, and then I went, oh wow, that is a very powerful tool that you can use to do one thing that I found really interesting is the way they ordered the searches, right? Just intuitively, if you're looking at a search result data, yeah, the lecture, how easily they could affect immediate action from certain demographic. Yeah, and do it in real time, right? Like, real time. Oh, the start is like heard, you know, like a shepherd, hurting people in a certain direction. The masses, right? Incredible. The beauty of it was, at the end, he says he could monitor that. You can tell if they're using the data in a way to manipulate society in real time, which is incredible, right? Which is incredible. The one in debt is not free. Yeah, the one in debt is not free. With a couple of disclaimers, right? As the saying goes, if you owe the bank a little money, you're a slave to the bank. If you owe the bank a ton of money that the bank can't write off, you own the bank, right? That's one disclaimer. The second disclaimer is this. It really depends who you are in debt to, right? It used to be a lot easier. You could go in debt and a lot of very, very, very wealthy people in this world have done this multiple times. They go into serious debt, accumulated assets, and then they protect the assets and then they declare bankruptcy and then they come do the same thing again and again. Like, even the President of the United States, Donald Trump, has gone into bankruptcy protection a few times, I think, if I recall correctly, right? I remember one time in the 90s, no bank would give him a loan and he went around and he owed so much money to one bank. Finally, he was able to cut a deal to not go full-on bankrupt and I think all he did was just rent out his name, right? Because a lot of places where he had Trump towers, it's not really him building it, he just put his name on it. He's renting out his name, right? So it really depends on who you're in debt to. Now in 2005, the United States, specifically in the United States, made it harder for American citizens to declare bankruptcy, right? They passed the bankruptcy bill. Now, if you don't know about the 2005 bankruptcy bill, look into it. Basically, most people's understanding of it now, I was writing about it back then when it was happening. They categorized it as one of the most important economic events before the collapse, before the 2008 scammed collapse, right? But basically, in 2005, they made it harder for American citizens to declare bankruptcy. And my take and some other people who looked at the data, the reason they did that is because they knew the ship was going to hit the fan and they needed to protect their assets and pass the burden on to the individual, right? Yeah, the algorithm for YouTube and Google terrify me a bit. For YouTube, it's mostly a concern for me. But I find a way search browsers and monitor data from their users to just be very 1984. Yeah, big time diabetic alien. And it's gone beyond 1984 in a large part, right? We get padding, but one day I was sent to do grouting. Oh, wow. And my boss didn't have a pair, so I had to find a sponge. Oh, man, taco. Invest in a pair, right? For sure. And if your boss says use a sponge or use something else in instead of the proper tools to do your work, really think twice about it, right? Your health is more important than what your boss wants you to do, right? I mean, I'm not saying put your job in jeopardy to get fired and stuff like this. But if that happens, then don't rely on your boss to have paddings, right? Go buy a used set and have those handy if you need to, okay? But yeah, search result thing was weird, too. I would have never thought twice. Yeah, yeah. That's one of the reasons I started using DuckDuckGo and I'm using what do you call it, the browser brave now. So I'm starting to incorporate brave browser into the browser that I'm using and I use like multiple different browsers and multiple different search engines and stuff like this. So I'm trying to decentralize my own personal search, searches, really. It should be 60 frames per second, ballistic bobcat. It's an HD 1080p and I don't know if it's running a 60. I think that might be a setting that I had to set in OBS maybe. And initially I'd set it up as 10 something, but I kicked it down. So I don't know. Is it lagging? Car loan and house loan. That does not make me own the bank. No, me and you don't own the bank. You got to be some kind of special to go on the bank, right? Some kind of special and parlay, parlay, parlay, parlay, parlay, parlay to a level where you get in and you start accumulating a ton of debt, right? And if you accumulate a ton of debt, you're also a slave as well, right? Because there are powers above the bank, individuals. And if you step out of line, they could easily pull the plug on you. It's not a game that I'm interested in playing anyway. Next month I might get into a small amount of debt. So I'll call my boss if he has some work for me and work my ass off to save some money and cut out like two dollars out of my lunch budget to save 60 bucks per month. Yeah, perfect. And the bank said I can pay in parts if I can't pay all the money. Awesome. That's a good way of doing it, Taco, right? You have to readjust your life a little bit once you go into debt and things change up a little bit. One of the main problems that people have regarding finances is they lose their source of revenue coming in, but they still spend as if they had the source of revenue. So one of the reasons people go into financial difficulty is because when things shake up, right, they forget that they've lost a certain percentage of revenue coming in and they still spend like mad. One of the reasons they do that is because they're indebted in a way that they have to make payments on a monthly basis. So they're a slave, they have the house loans, they have the car loans, they have to feed the kids, they have to feed the, you know, they got health insurance to pay, they got this, they got that, they got that. They just accumulated multiple monthly debts, right, so they can't go below a certain level. That's one thing you want to stay away from. Roth, Ira, or Ron Roth. Yami, Yami, Yami, Mar, Marzen. That sounds like a Conan dialogue from a Conan comic. Nice. I was about to go to Brave when the token thing came out recently. Yeah, I haven't explored the token thing on Brave. Not really. I just loaded it up as a browser, right? And I'm slowly starting to use it a little bit more. I do transitions. I don't go, boom, in one shot. It's just, I find the experience too traumatic to all of a sudden transfer somewhere else, right? So that's, that's, that's what I'm doing right now. Slowly transitioning. It'll take me a long time. Dante, what's up brother? How you doing, man? How can I make my, my money work for me? And hopefully if BitShoot is able to process the videos in two days, I'm going to put out a little short little video about five minute video, a discussion we had in the previous live stream on how you can be, you should think about becoming financially independent, right? How you can make your money work for you. Basically, in that video I mentioned, there's really two ways you can do it, right? You can take your money and give it to someone else, right? To invest for you, right? You can go to Wall Street, you can do private businesses or whatever it might be, right? Or friends that want to start a business or whatever it might be. The other thing you can do is look into whatever system, I call them systems, right? But take a look at yourself, figure out what you're interested in spending time and doing, right? And start looking on how that system functions on an economic level, right? If there is a possibility where you can enter that system, learn about that environment, right? That you want to spend a lot of time and you enjoy spending time, right? Because it has a double effect that it provides you entertainment, relaxes you, makes your life much better. And see if you can start generating money while playing in that system, right? And that in turn has multiple benefits to you. One of them is it's something you want to do, so fantastic, you're doing something you love, so that reduces your stress, right? The other thing it does, if you're spending money to be functioning in that system, right? And if you're working somewhere and you're bringing wages, then in most Western countries what you can do is write off your expenses of exploring the system you want to enter, right? To possibly start making it, turning it into money generating, right? And then you can start writing off against your salary, right? And that kicks you down to a lower tax bracket. And if you're able to, for example, take a look at this, let's assume you make $50,000 a year, right? Now I don't know what the tax bracket, what country you're in or whatever it is, but let's assume a $50,000 tax bracket. If you're earning $50,000, let's assume you're at a 30% tax bracket, right? So $50,000, flex, how are you doing? So $50,000, right? And you have to pay 30% tax on that, right? So 30%, 3 times 50, 5 is 15, so that's $15,000, I believe anyway, it should be 10,000, 3,000 times 5 is 15,000. So you're making $50,000 a year, right? And you have to pay $15,000 of it in taxes, okay? So now you're bringing home $35,000, okay? And you've got to live on $35,000. Now, let's assume where you live if you're able to kick yourself, or not able to, but let's just because it's the wrong word, let's assume $50,000, someone who brings in $50,000 is in the 30% tax bracket, but if someone that brings in $40,000 is in the 25% tax bracket, right? So if you bring in $40,000, if you're in a 25% tax bracket, right? 25, 2,500 times 4, you're paying $10,000 in taxes, right? So if you make $50,000, right? You're in a 30% tax bracket, and you're bringing in $35,000. If you're making $40,000, you're in a 25% tax bracket, and you're bringing in $30,000, right? Because you're in a lower tax bracket now. So the difference there is $10,000. So on the $10,000, $50,000 compared to $40,000, you went from $50,000 bringing in $35,000 to $40,000 bringing in $30,000. The difference there is $5,000. So that extra $10,000 that you're making going from $40,000 to $50,000, you're paying 50% on that, basically, right? If you can think about it that way. Now, just imagine if you're making $50,000, you're able to start up a business, and it's a business, really. It's a system that you want to participate in. We'll call the business, but I'd like to call the system, because maybe it's some kind of hobby or whatever you want to do, where you want to feed your hobby. So you're buying stuff, comic books, toys, art, whatever it might be, electronics, collectibles, human artifacts, right? So let's assume from that $50,000, you spent $12,000 on your business, right? So all of a sudden, you're now down to $38,000. You're down into the $40,000 tax bracket. So what you did at the beginning was pay $15,000 in taxes, right? You paid $30,000, sorry, 30% on $50,000 in revenue income coming in, right? That was $15,000. If you were able to kick yourself, let's say down to $40,000, now you're in a $25,000 tax bracket. So what they do is they don't tax you on 30% of the whole $50,000. Now, some places it might change. It might be on the first $25,000 tax this month or the next $25,000 tax this month. It's incremental. I'm being very general with this, right? But all of a sudden on the $50,000, if you can kick yourself, night, night, how are you doing? If you can kick yourself down to the $40,000 tax bracket, now you're supposed to be only paying 25% taxes. So on $50,000, you shouldn't have paid Captain Soju. You shouldn't have paid $15,000. You should have only paid $12,500. So right away, at the end of the year, you're going to get $2,500 back in taxes because you overpaid your taxes, right? If you have a hobby, you're also accumulating assets. Hopefully they're going up in value, right? And you can start selling some of them and stuff like this. So when it comes to becoming yummy, yummy, when you ask, how can I make my money work for me? You have to learn about the economic system that you live in and find out what tools you have at your disposal to be able to do things like this. Because that's exactly what Amazon and Netflix and other corporations do, not to pay taxes, right? They make this much money and they divest into, look at Google, look into how many different things they have their tentacles in, right? They divest. All of a sudden they're saying, oh, we didn't make this much. We actually had to do research and development and invest, put our money in all these different places. We made zero or made negative. You get taxed back, right? That's exactly the way the system is set up and the system expects you to use it in that way, to make your money work for you. But there's some banks that are owned by their members. What's your thoughts on that? It's an oligarchic system. It's like private, what do you call it? Investment companies, right? Private hedge funds, where sometimes they allow things to be public for a while. They make a ton of money and they take it private. Now it's a whole bunch of money working for a select group of people that we're in from the get-go, right? The banking system is a fraud. It's just giving power to the powerful, more and more power to the powerful. That's all it is. I just hope my boss doesn't fire me while he told me that he has no work for me. Ah, Taco. Do you have labor protection stuff there? I know in Canada there's a lot of people that do seasonal work, right? During the spring and the summer where construction is going on all over the place, in Canada in the winter, some places are really hard, right? You can't really do construction outside. A lot of people, and fisheries is like this too and stuff, right? A lot of people get into seasonal jobs and they work for a number of months and they have unemployment protection. They pay into it and then during the downtime they get fired or laid off, right? Layed off, fired. Fired I think has different legal definition, right? Fired means you did something bad and they fire you because I don't trust you anymore. Layed off means there isn't enough work to carry you. They get laid off and then they collect unemployment for a number of months until the industry picks up again and then they go back into work. I'm not sure if where you are, that's in place. So if it is, then you should look into it and if there isn't enough work and if you work long enough to be able to collect unemployment insurance, as soon as you get laid off you should definitely file for unemployment and get money coming back, right? Build a small service business until you have enough work to hire employees or anything really, right? And if you don't really need to hire employees, if you want to keep it on a download as well, right? Because hiring employees is another beast on its own, right? It takes a fair bit of bureaucracy to be able to do your thing, but it's a great advice if you love it. Like there is, I was talking with someone recently where they were talking about this cleaning service company that's in operating in my city, right? All it is is one person that's taking in the phone calls, they've established themselves, right? They started cleaning houses and stuff like this and then you start hiring people, right? And then all they did was hire enough people to do the work that they were supposed to do and all they do now is sit behind the desk and get calls coming in for cleaning service requirements, right? And then they farm it out to all these people and they estimated that this person makes like five thousand dollars a day now, right? And they're a horrendous company and they don't pay their employees well and take on jobs that they don't have the employees to work for and stuff like this, but that's what they do, right? You roll it over. Hi, man. Captain Soju. That's actually very correct. I got back my extra tax that I overpaid during the year for 2019. Awesome. And it can be a fair bit of money, right? A few thousand dollars and a few thousand dollars. That's after taxes, right? So if you get back five thousand dollars, you would have had to earn, if you're in a 30% tax bracket, five thousand, you would have to earn six thousand five hundred dollars, right? To get back five thousand dollars. So it doubles up, not doubles up, but it's extra, right? Do you think it's worth worth it to buy Bitcoin? I'm not buying any cryptos. I can tell you that if you need the money, no, it's not because it's not, it is liquid, but it fluctuates a lot. So if you run into a hard time that if you need the money, no matter what the price of Bitcoin is, you have to liquidate and if it's really low, then you lose money. If it's really high, yeah, it worked out for you, right? So one thing when it comes to investing money somewhere, make sure you're not going out on a limb and you might need that money back right away or at a certain point, right? Like there's hedge funds and funds that you can invest in that they say you have to have at least a million dollars of liquid assets. That way when you put money into their funds, you don't come back and they say we need it, right? Because these people that invest your money, they actually have to make plans or extend a period of time. They can't afford for people to put in money and pull it out the next day, right? Some people say they have to lock it in for a year or six months or a couple of years, right? Well, I want to be signed up in the working protection, but he didn't or couldn't. So I'm working without the government knowing. Okay, so you're working under the table. Okay, hopefully you're just paying your cash, Taco. So you're not declaring and stuff like this. Be careful. Just don't make it. You're trying to dig yourself out, right? But you're acquiring experiences. I mean, that's what happens when you're working under the table, when you're new to the job market, you're trying to get experience and knowledge and how to do things, right? So you're building a trade, which is the nature of the beast. I would say start looking around as well. Build some other connections. What do you invest in that's traditional? Just got here. Saasi, how are you doing? What do I invest in that's traditional? My health, my education. I don't invest in funds anymore. I don't invest in stocks anymore. Traditional. Do I invest in anything that's traditional? I pay off my debts as soon as as fast as I can accumulate them. Like sometimes I do accumulate debt, right? For whatever reason that happens, life is life. Sometimes you accumulate debt, right? So one of the more traditional things that I do, if I accumulate debt, I liquidate some assets, comic books, in general, that's my asset. I sell my comic books, some comic books, raise a little money, pay off my debt, right? Or I work extra hard, take on additional clients for a few months, work my ass off, pay off my debt, right? That's one of the traditional things that I do. Good talk, man. Loving the tips. I'm kind of a noob in the whole investment scene, trying to get educated in that area. Yeah, Captain Soju, take your time. There's so many different disciplines, so many different disciplines you can invest in. Beware, IRS can garnish wages. Yeah, 100%. Thanks, beans. Beware, whatever government, wherever you live, the internal revenue service or tax service or government can always garnish your wages. Not only that, they could go into your bank account and empty out your bank account. Whatever, I don't care which government, which country you live in, the government, if they think you owe the money or whatever it is, they have the right to go into your bank account and empty your bank account, right? They can't do it right away. They have to give you some warnings and whatever, but if you ignore their stuff, they could take the money out. Now, companies can't do that. If you owe the, well, in my part of the world, credit card, like Visa and MasterCard money, you can tell them to go kiss your ass, right? They still haven't passed the laws that credit card debt cannot be written off, right? They might at some point, like why are, why did they make it much harder for students to declare bankruptcy in 2005 in the United States? That's crazy, right? That's supposed to be one of the best places you can invest your money is your education. It's great for the society, period, right? But they made it more difficult for students that have accumulated debt to declare bankruptcy. And you can, right now, you can't even declare bankruptcy if you're a student with student debt. The student debt carry with you, right? So you could declare bankruptcy if you borrowed money to go party for two years, but you can't declare bankruptcy if you borrowed money to go educate yourself for a couple years. That's the betterment for all of society, right? It's a rigged system, right? They did that to keep the working class enslaved, right? I know I sound, you know, extremist, but that's exactly what it is. They, they, they guaranteed loans. The government came and guaranteed loans for people to go to get an education. And the schools, all of them are private institutions and they're in it for profit, right? They're there to make money, right? Colleges, universities, almost all of them anyway. They're there to make a ton of money, right? So the deal that they cut with the government was the government came in and said, oh, we need more people that are educated. The school said we're guaranteed the loans and we'll start spending more and hiring out adjunct professors and don't pay them any benefits or anything. We'll open up more classes, 90% of them being garbage classes on the Monday night at the movies or Wednesday night at movies or whatever it is. And we'll educate your populace. We'll give them a piece of papers to say they're, they're smart. They went to university for four years, right? And the government said, okay, sure. And then we'll pass laws to make sure that people can't declare bankruptcy because we can't afford for guaranteed loans to be not paid back, right? We have to balance our budgets. Right? The government, people said, right on, right on. The people taking kickbacks. The school said, right on, right on. And you saw student fees go through the roof, right? And people still need an education. So they kept on borrowing money and getting their education, right? They came out of, people have been coming out of university and colleges for a number of years now, $50,000 in debt, $30,000 in debt, $100,000 in debt, right? All of a sudden, no job. Oh my God. In my part of the world, you get six month interest free and then interest are circulating. Oh my God. You got interest accumulating on $30,000 that if you declare bankruptcy, it's not cleared. Oh my God. Whose bright idea was this, right? Oh, the universities or private companies are making tons of money, right? Oh, keep the population enslaved. Yeah, keep it working. Make sure they show up the next day to taco, get on their knees and put tiles in, right? Because they got to pay that debt, right? Meanwhile, they don't explain to you, hey, instead of spending $50,000, going into debt, getting a piece of paper that may be good, maybe not, right? Why not spend $20,000, get your education slow pace and look into investing a little bit and learning about finances and do some work experience and apprenticeship and stuff like this, right? There's a lot at play here. There's a lot at play here. What the first thing you have to understand, appreciate about what it means to be financially independent is, figure out what type of system you live under, right? What are the pitfalls? What are the scams? What power does government have? What power do these corporations have? What power do these lenders have, right? What is this contract that you're signing? Figure out all that stuff before you sign away your life, right? I have a few stocks playing off that fast is good. Yeah. And I used to play the stocks. I have. I did options, lots of options trading, and straight up stocks and stuff like this. It's a legitimate way to gamble if you want to gamble. And it's a legitimate way to invest for the long term. If you want to invest for the long term, but you better do your research. There's a lot of disruptive innovation coming up that could throw a wrench in the wheel, right? St. just Germany. How are you doing? Am I worry? How's life? I teach you. Did you update your mic? It sounds really good. I think I just, you know what? I'm just bringing it closer. It's right here. I'm tilting it in the right way. I'm not messing around, right? I'm just going straight in. I try running some filters and stuff like this. The only time I'm running filters is when I'm doing the editing, right? Taking it in and trying to run. So most of the edited videos where you see things popping up, those have a little filter running on the sound, right? Amigos, they found me. The IRS took what they thought I owed them. That's unfortunate. Yeah, and they take what they want, right? It's a scam. Students' loans are the worst, yeah. Too many high school kids are tricked into thinking they need to get into massive debt in order to go to a four-year university when they don't even know what they want to study. Yeah. Spectral shot 100%, right? And unfortunately, a lot of parents are forcing, pushing their kids to go get a university degree. Now, I'm not against university degree. I got a university degree, and I'm very happy that I got a university degree. And it allowed me to be where I am right now. It allowed me to do geophysics. I needed that piece of paper. It gave me credentials to be able to do what I'm doing, right? But I knew what I wanted to get into, right? And I worked my ass off. And when I got into the workforce, man, there wasn't, like, I was in demand because nobody worked as hard as I did, except for some of the people that I learned from. They put me to shame sometimes, right? They were older than me. I basically learned from them, right? My mentors, right? But whatever other people that were new to this industry, to geophysics that came in, try to do what we're doing, they couldn't handle it, right? Like, we'd be working multiple hours functioning on three hours sleep, but in the first few years anyway, and later on as well. But that's the type of job I got into. That was the industry. That's how it functioned, right? It's not geared for everyone. So figure out what you love doing, how you can function, your cycle, really, your life cycle, your health cycle, your mental state of being. Can you function in a shift work type of environment? Can you function as contractor? Can you function as a seasonal worker? Can you function as someone that goes to work all year around five days a week, eight hours a day? What can you run your own business? What is the best system that you will be happy to work in, right? That's very personal. A lot of people don't think about that when they're trying to decide what type of job they want to get into, or what type of career they want to have, or what type of business they want to run, right? Man, I'm thankful for the free education in Germany. America sounds like a stressful place to get education. Like we pay here two for each semester, but each semester costs around 300 euros. Man, that's like not even half the books here. Average uni time is like six semesters in total for a bachelor degree. So six times that is the price for the whole bachelor's degree. That Captain Soju here, you're talking 300 euros in Canada, depending on the program you're in, you're talking $2,000. It used to be way cheaper, right? Should I say $2,000? Yeah, it really depends what program you're in, right? Anywhere between $1,000 to $3,000, right? It's crazy. Game I play is Entropy Universe. In the game, you can buy land, deeds, and earn taxes. I bought 4,000 USD of deeds. The value went up $800 on my assets in game and I earned about 12% return on investment. Good, bad. What do you think? Fantastic. Oh, hold on a second. The value went up $800. So it went from 4,000 to $4,800 and you're getting back 12% return on investment. If this was the real world, real money, you're doing phenomenal. Now, is it really good relative to the game that you're playing? It really depends. What's the average rate of return that people are making, right? This goes into differential accumulation. If you do Chicho differential accumulation, there's a little intro video there that links up to a couple of other videos that we have here. I'll link this up again. I should have this handy all the time, but for some reason I always search for it because it always comes up because it's extremely important, right? Whatever you're investing in, always keep the information in this video in mind as well as the sources that I've referenced in this video. Okay. As well as the articles, the original article that I've referenced that this works, this is extremely important both on a personal level, as well as geopolitical level, as well as running your own business, as well as investing, personal finance, financial independence, all of it. Okay. It's the averages that count. So in the game, if the average rate of return for everyone playing the game is 20% and you're making 12%, oh my God, you're getting burnt. You're losing your shirt, right? If the average rate of return in the game is 3% and you're making 12% right on, in the limit, you win, right? Unless there's people that are making 100% and slowly you'll hopefully adjust and make more than 12%, right? Like, there's a video we put out. There was a fund that opened up like a legit fund on Wall Street that was started off by a bunch of mathematicians, right? And while you can take a look at that video, I'll link it up later, but it's basically these people started off this fund in 1994, bunch of mathematicians and for the first three years, they had the fund open to the public and after that they closed the fund. It was only private and they had the fund going for 10 years, right? Now, average rate of return, inflation is supposed to be 2% per year, right? Average rate of return on Wall Street, if you invest, I don't know what it is now, that it's all a bubble. So it's probably like 3% or 5% or something like this, right? These people, on average, on a yearly basis, the rate of return per year ended up being like 80% per year. 80% average rate of return per year, unheard of. They did it for 10 years, right? So if you had invested like a thousand dollars with them, you would have cashed out like a million dollars or something. It was insane. That 300 euros basically for a semester ticket, which you can use to travel basically half the Germany with trains and bus and such. So what? The 300 euros basically for a semester ticket, which, oh, you also get the free train passes and bus passes. In fact, you probably get free health, well, Germany, you probably do forget free healthcare as well. We are a bit, we are a little fortunate with student loans in the UK as they are not real loans, really. In Canada too, you can't, if you declare bankruptcy, your student loans are not wiped clean. You have to pay back your student loans. Marginal trading can be bad. I think that it is where you take out a loan to invest kind of, which it really depends. Trading on margin, basically having a margin call, if your margin goes down and whatnot. But if you're borrowing at, and this is what the stimulus package did, if you're first in line, and if you can get your hands on government money that they were given out to people for free, let's say 1% that were charging you. If you can borrow money at 1% and make 10%, man, what a payout. But if you're borrowing money at 5% and your rate of return in free investment is 4%, you're getting burned hard. So it really depends on what your borrowing rate is and what your rate of return is. Right? I think trades are a better option instead of college and getting a loan and getting into debt. Taco, it really depends on the trade and it really depends what part of the world you're in. It really depends if you can take your trade and a lot of trades you can and go to another country or go to another region in your own country and work in that trade. It really depends on the trade. But I tend to agree, trades, instead of going to university and accumulating $100,000 of debt in four years, you can get into trades, do a year of apprenticeship, and start making money. And for three of that four years, you're actually generating money instead of going into debt. So if someone's going to debt $100,000 in four years, and let's assume in three years that you're working, I'm not counting the first year as making money, right? So three years that you're working, which you should be making money when you're doing apprenticeship as well, but let's assume you're not. For three years that you're working, let's assume you're making $25,000 a year, which is chump change, right? That's poverty level, right? You're making $25,000 per year. So by the time the person that graduated that has $100,000 return, $100,000 in debt, you have $75,000 that you made You also have living expenses and not, but I'm not counting all that, right? Let's assume $25,000 is what you keep, right? Which probably is not going to happen. The difference is what matters. It's $175,000, right? And if you're investing your money as you're going, you could be making more and whatnot. So trades can be an extremely good way to go. But it really depends. Geophysics, do you work in the energy field? Not in the energy field. I did some energy stuff, some geotechnical stuff, but I did a lot of environmental stuff, and that was in the 90s. I don't do geophysics anymore, but that's my formal training. I'm very happy that I did it. It was an amazing experience. I learned a lot. My work ethics, well, I was there before, but in large part it was solidified doing geophysics. The dolphin, how are you doing? Like one book. Maxim, how are you doing? James David Sutton, how's life? Chichu, what would you suggest is a good way for a newly graduated student to improve their finances? Pay off your debt. All indications are short-term interest rates are going to go up. So if you can't pay off your debt, another thing you should do is if you know a system well enough to be able to take a little bit of your money, not all of it, don't put all your eggs in basket, in one basket, take a little bit of money and roll that over into different things, that's one way of doing it. One of the things you can do, depending on your knowledge, you can go online and buy things on the cheap cheap, refurbish them, sell them, and that's cash money coming to you, pay off your debt. So there's people that, in the comic book industry, there's people that buy comic books and flip comic books and make money and they generate a certain income. There's people that buy used furniture, refurbish the used furniture, sell that used furniture, and it's good money, and it's a hobby, you do exercise, and it's something they love doing, so they are making money off of something they love doing. So that's a couple of ways that you can improve your finances. Don't go, don't get a car lease. Man, you should have seen the number of people that I knew that would buy a brand new sports car, BMW, whatever Mercedes, whatever it was, and get a loan to buy an extremely expensive sports car when they were in their early 20s. I was like, you guys out of your mind. Or go lease a car. Oh my god. I was like, leasing is for companies that can write it off, write it off against their taxes, and they would get a sign of contract to lease a car. Don't go into credit card debt. Don't pay interest 30, 20, 10%. If you're going into debt, make sure whatever interest you're paying is less than 6%, right? In the game, only one way to really make money is owning these, unless you are very active in gaming. Yeah. Greetings. Randall, how are you doing? 80%. That's unreal. Dude, it's incredible. And you know who those people were? Those are the people that for 2016, they funded both Hillary and Trump. And they were one of Trump's major donors, right? And one of Hillary's major donors, right? Incredible, incredible. 80% per year for 10 year period. We looked at the numbers, by the way, here, let me show you, let me give you the video where we crunched these numbers. Okay. Well, we looked at the rate of return. God, I want to find the video. I'm just doing random search. I should have some of these. Oh, here we go. Nice. Now, I think we covered this in part two. There's a part one to this. Okay. So here's part two. And I called, titled this personal finance, currency, money, economy. This is part two, gold, S&P, Superman, income, Bitcoin. And we look at the different rate of return for different investments you made. And I talk about the fund in this video, I believe. If it's not this one, it's part one. Okay. But I think it's this one. Yep. Free healthcare too. Free healthcare too. Huge. I'm glad I live in the EU. Yeah, daunte. In Canada too, I know so many people are in major student debt. Major student debt, right? It's huge. It's huge. Uni is even cheaper in Austria, basically free for Austrians within a certain timeframe. Nice. Diversify, diversify, diversify. Legendary Rob Boss. I agree with legendary, legendary Rob Boss. And it doesn't mean diversify into different types of stocks, right? You can go into different industries. Sure. But if the stock market takes a huge hit, 95% everything is going to go down, right? Have some cash handy. But diversify basically means you're going to put some money in stocks. Go ahead. If you want to play that game, you're going to put some money in collectibles. Go ahead. Put some money in that. If you want to keep some cash handy, for sure, keep some cash handy. If you're going to put some money in precious metals, put some money in precious metals. Diversify into different systems. You can diversify within a system itself, like the stock market, but also diversify into different systems. It's like having multiple revenue sources coming in, right? Important, important. I invest in the stock trade at the moment. I mostly play it safe and make about 20 to 30% profit each year, which is fantastic. Random 20 to 30% profit per year. Phenomenal, right? Phenomenal. Now, if you had bought Tesla when it had $150 like a few months ago, now it's trading at $550, that's about 350% return, 450% return, right? Which is fantastic, right? So you can go into different types of stocks as well, track things and play with them, right? But making 20 to 30% per year is phenomenal. If you can do that on a consistent basis, don't change anything. Don't go, oh, I can double it, right? Make 60% per year. Forget about it. If you're making 20 to 30% return per year on your investments, you win, right? As long as you're not chasing their carrot and it depends on the type of person who wants to work in trades, yeah? Is anyone here working in a trade and would you encourage your own child to go into that trade? Amigo, I know people who work in trades and who have encouraged their kids to go into trades, right? Do I agree with them all the time? Not necessarily. I think higher education is a good thing to have. I think it is extremely important to be well educated in whatever your natural language is and whatever, whatever you call it, whichever country you live in, it is extremely important to be literate in the language of mathematics, well literate in the language of mathematics. Those are two things that I would say invest in, 100%, right? And it really depends on the type of trade after that. The housing market has been seen a boom for a number of years now. If the housing construction industry takes a huge plunge and it does, it's a cyclic thing, there's going to be a lot of people that have worked construction for a number of years that are going to be out of jobs. All of a sudden, you're going to see the trades come down, the price that people are willing to pay for trades and stuff on the construction side, right? There are other types of trades out there. Yeah, Saucy says that's huge. 23% is huge, huge. Is it? I've only been doing it for three years. Dude, Randall, if you're making 23% for three years, you're doing phenomenal, phenomenal. Yeah, you're doing fantastic. And by the way, keep this in mind as well. If you're doing stock market, right now is a no brainer for the last 10 years. Throw a dart, you could have put your money almost anywhere and made money, right? Huge returns. If you're making 20% to 30% without really knowing what you were doing or not taking any major losses, be careful, okay? The party doesn't last forever. Be willing to be able to function on a rate of return that's 5% if the market takes a tumble, or hopefully it doesn't happen to you. You go into negative return, right? Which is losing money. As I've gotten older, I've learned that the number one way people make money is learning a system that profits than repeating it until it's no longer profitable. Saucy agreed 100%. And keep in mind that the system might be profitable, but it might be going through a cycle where it's not profitable for a while and then becomes profitable again, right? Collecting is one of these things. Collecting things is not a liquid place to be, right? All the time. During peak times, sure, you can liquidate, but it's not always liquid. Waban, how are you doing? It's been a while. Here's a funny anecdote. The leftist anti-imperialist political party here in power enacted a law that enforced the usage of banking for salary payments and similar transactions. So let me read that again. That enforced the usage of banking for salary payments and similar transactions. Okay, so they're forcing people to go through a banking system to get their money, to get paid, right? Yeah, which is basically they're trying to make everything digital so they know everything about you. If there is no anonymity, there is no freedom, there is no privacy, right? Digital currency is one of the most dangerous things that we face in our societies. Control-wise anyway. What is your opinion on the university system? James, I don't want to say it's a scam because there's knowledge to be had, but the way it's structured economically, it's an enslavement system, right? Now, you can go to colleges and pay way less funds, way less money than you do at top-rated universities to get a better education, right? But you're not connected with the echelons of power and whatnot, right? So for the university degree, for people, most people, a lot of people going to university, they're getting the degrees, they're spending a lot of money going into debt to get a piece of paper that is going to, at best, give them a job at McDonald's if they haven't been automated out of that job, right? So you have to be wise about where you're spending your money, right? Just because you love doing something as a hobby, it doesn't mean you should go into $100,000 of debt to get a piece of paper saying that you love this hobby, right? And you're really good at this hobby, okay? If you love a history, then steady history. Don't go into $100,000 of debt to get a piece of paper that says you've studied history for four years. Now, what you can do is go into geopolitics or you can go into political science or you can go get your masters or get your MBA or get your PhD. So hopefully you go higher up, go into more into debt so you can get a job with a government organization or with a private company. The jobs for people in history, last time I checked anyway, there isn't that much. And I know a lot of people that were getting their history degrees, right? Educate yourself, spend what you need to do to educate yourself in mathematics and the natural language that you speak and make sure you know those well. Everything else, you can almost learn on your own. You do need the piece of paper if you're practicing, you're going to be a doctor, you're going to be a nurse, you're going to be an engineer, you're going to be whatever, right? You do need that piece of paper, but you can go through the system much faster if you already know the mathematics and you know your natural language well, right? You can write your essays well. I collect antiques and various collectibles as well as an investment, already made a healthy sum of money from it, highly recommended. Rendall, I've been ready, I'm with you on this. I've been recommending comic books of course, I've been because it's something I've invested in for 30, 30 plus years, right? But for example, Canadian art on average for the last 20 years, I believe, is given a rate of return on your investment of 25% or something, right? So whatever collectible you're getting into, collectibles are an amazing place to invest money, to liquidate some assets. If you do need to raise money as long as the cycle is on the upturn, not on the bottom, right? There's a lot of people liquidating on the bottom. That's why cash is king, right? Always keep a little cash handy if you find someone or the market has come down and people are liquidating, buy them, right? There's a lot of people out there right now that are selling comic books on eBay that they bought huge inventories from comic shops that were going bankrupt and they've been sitting on them and selling them slowly over the years, right? That's a pretty good business model, okay? Tony Rumble, how are you doing? I don't have money. Am I still allowed to join the discussion? 100% Lester, you can join the discussion. I don't have money, I'm in debt. I'm holding this discussion, sort of. Anyway, sort of. I have a little bit of debt that I need to pay off, but some of the wealthiest people on this planet are in debt up the yin-yang, right? Oh, and just Timo, by the way. Timo, okay, cool. Timo. I would have read your name totally differently. Timo, how are you doing, Timo? America Maro. Hello, hello. Welcome to a live stream. Hannah, how's it going? Tink, tink, how's life? I feel it should be law for kids to see employment rates, yeah, in the correct field in five years, 10 years, 15 years, after each degree course, 100%, so many out there just serve to enslave kids and everyone encourages it, yeah. And by the way, just on what Tink says, right? If you do the research, you can find out if the degree that you're getting has a high rate of placement, right? There are colleges, universities, trades out there that actually advertise their placements for jobs, right? They say, oh, we have 100% graduate placement for jobs, right? That means 100% of the students that get a degree also get a job. Now, that's not the only thing you need to look at, right? How long do those jobs last? What are they paying? How much does the degree cost? What type of interest are you paying? How many years do you need to study to get your degree and all this jazz, right? So you do need to look at some of the other metrics, but everybody, whatever university, college, whatever you want to study, you should be able to find that information online of what the salary is, how much debt you're going to go into by the time you finish on average, what the placement percent is for people who graduate with this degree, right? How fast do you get raises? What type of jobs you need to go to? Where they are, right? Are they in your vicinity or do you have to move? That's extra, extra cost, huge cost, right? Hi, Booker. How are you doing? Hey, Chichou and all. Won't debt get economic incentive for those who don't have many ambitions so that the country can be more competitive compared to other countries? Okay, I got to read that again. That doesn't make sense to me, that sentence. Won't debt give economic incentive for those who don't have many ambitions so that the country can be more competitive compared to other countries? So are you saying those people who don't have any ambition if they go into debt that gives the country a boost in GDP and stuff? Is that what you're saying, Booker? Timo. Well, it may be that way in the US, but here in Romania, we really need those pieces of paper. Timo, in Canada and the United States, you need those pieces of paper less and less for certain things. There's a lot of different types of jobs coming up right now in disruptive innovation when playing where you don't need the piece of paper, okay? However, there are tons of jobs out there still that you need that piece of paper. So I'm not against getting your piece of paper that you need to get, but do your research to find out if there's any jobs for you when you do get that piece of paper, because if there's no jobs for you and you're servicing a debt of $30,000, $50,000, $100,000 a year, you're in debt bondage, debt servitude. You don't want to be there. The health effects of that, the life effects of that are detrimental, right? Oh, I'm sorry for the badding. No worries, Timo. Your English is better than my Romanian, right? So kudos to you for being here, man. Nah, it's fine. I think we all know what you're saying. Yeah, okay, cool. Hey, isn't the U.S. government like a couple of trillion in debt? Couple of trillion? U.S. government is a last eye check. I think it was $19 trillion in debt, right? 15 years ago, it was only $5 trillion in debt or something. Okay. They can still afford to send nukes and troops all over the world. So it can't be so bad. If you're printing the money, yeah, if you're issuing the debt, yeah. Hey, who wants to buy Chicho debt? Would you buy Chicho debt? I'll give you Chicho debt. How much debt do you want? Here's $100,000 debt notification IOU from Chicho. Can you send me $100,000? How valid is that debt? Right? Yeah, I shouldn't have bought that pizza or $10,000 Bitcoin so many years ago. No, I don't think anybody should have. Like, look, English is my hobby, but I still need something we call a Cambridge exam. That literally can mean if you get any job or not. Yeah, Timo, you do need to go through those hurdles 100%. Don't get me wrong. I'm not telling people to drop out of school. Not at all. If anybody's watched my streams, you guys know education extremely important. That piece of paper can be extremely, extremely important. Just be wise about what you're giving up to get that piece of paper, right? But if the country you live in, whatever system you live in, in Canada, I tell everyone, you need to get your high school degree. If you're not getting your high school degree, you're already, the train left like a mile ages ago. If you don't get your high school degree, man, you're starting life in a bad footing, bad footing, right? Do you need a college degree? Depends what you want to go into. Is a college degree worth it? Yeah, if you're not paying very much, take some time, go to school, make some friends, figure out what it is to be able to study what you love, right? That gives you a tremendous amount of power, but don't go into $100,000 debt because of it, right? Work part-time, pay off, service your debt, work for the summer hard, pay off your debt, do it again, right? That builds character. That builds your connections into the workforce because most people that go into university with the mindset of studying this, 10 years later, the odds are they might not be doing that, right? Build connections and you don't necessarily have to build connections through school. You can build connections through workforce, right? I don't feel like going to college, I don't feel like going to college, I've always wanted to join the military. If that's what you wanted to do it, I personally don't recommend people join the military, right? Because you're giving up the most precious thing that you have in this life, which is your life. You're signing a piece of paper saying you forfeit your life based on what the higher powers want you to do, right? Is that worth it? Not to me, not to me. Even though I love military strategy, military history, I love military board games, right? And computerized board games, computerized, what do you call it, computer games and stuff like this that are based on military and what not, but I'm not willing to forfeit my life for it. Stuff is fracked up here, yeah, everywhere, really. In my field, games design, programming, a portion of the course you can learn online instead of going to university, awesome, James, yeah. And that's, people should be looking into that and taking advantage of that, right? You got a new job, Anna, nice. More money and less corporate BS, awesome, congrats. My boss is horrible. My boss is horrible. He doesn't know my name and won't even ask what I do. He can't do my job yet. He's my boss, horrible company, racist company as well. Oh no, you got benefit, higher pay, right? No corporate BS, but you got a bad boss. Hopefully that'll work itself out. I have a friend, a friend who may get fired today because she is getting more attention than her boss. Some BS, I thought, yeah, politics in the workforce, right? Tank. Oh, by the way, Chichou, what's your opinion on Peter Zahan? I watched one lecture with him the other day. To me, he seemed very pro-U.S., making claims people can't possibly understand. I don't know Peter Zahan. Here, let me do a little image search on this guy. Just Peter Gonzales. Peter Zahan. I don't know who this person is. Who is this person? Have I seen this person? Image. I don't know this guy. Who is this guy? I have no idea who this person is. I'm Bokur Chichou. Yeah, I see it that way. That makes people slaves, but it makes them work. They don't work with joy, but they work. So I don't see it as morally good, but I see it as strengthening. I, Bokur, in the limit, if people are only working to pay off debt, that's not healthy for a society because it's not healthy for them. So that puts a strain on the society, maybe through family, maybe through health issues, maybe through mental issues and all that jazz, right? If your only incentive to work is so that you don't go bankrupt, that's not a healthy system and that's not sustainable, right? $19 trillion, Americano, $19 trillion in debt. As far as I check, you can do a little search just around there anyway, right? At least in the national sense, yeah. Bokur, it really depends. Would our societies be healthier if people weren't in debt servitude? Like there's people sitting in the United States in jail because they can't pay a ticket. That's not healthy for a society. That's maybe good for the corporations to get slave labor through chain gangs, but not healthy for a society. Good education here in Germany is for free. Yeah, I started to play with cryptos when Bitcoin was sub $10, but this has always been fun for me. Crypto market is more of a casino 100% since it doesn't have any regulation and the exchanges can be the market makers without any risk. Yeah, it is a casino, right? Wall Street is a casino as well. Yeah, I'm in North Dakota. Maybe I can meet you somewhere. $10,000, that holy crap. So you're saying my master's in classical accordion performance isn't going to pay off? Now, one thing will pay off? Robin, if you get, uh-oh, did we get a troll? Let me check this out. Oh, okay. I'm gonna do a little timeout. And here's another one. Clurinino. I'm timing you out as well. Just one word stuff that we don't know. Boing. Out. Just to let you guys know, right now it doesn't look like, oh, I think you're here. Nice. Oh, he's a geopolitical commentator. I assume you might know him. No, I didn't know him. I'm going to scroll back up again just because I had to scroll down really speedy Gonzalez. And I'm sorry if I timed you out if you're not a troll, but I saw a whole bunch of text coming up. Next time I see that, ban, right? I used to be pretty chill on the ban. Now I'm pretty hardcore, I guess. Chocolate, dark chocolate and tangerine. Nice. I support people to live without death, but there are so many people who only work when they are forced to do it. I, broker, I tend to disagree, right? Our economic system, the way we're set up, is very flawed. So I've never had a student that hasn't been passionate in something, right? But unfortunately, they don't have the means or the understanding and the infrastructures in there for them to turn their passions into a business model or again through workforce, right? So I've never met anyone really that just wants to sit on a couch and have moss growing on them, right? The bad boss is in my old job. Oh, the bad boss is in your job. Okay. The new boss will hopefully be better. Awesome. Then that's a win-win. And Birdie sums it up. Birdie agreed, not all debt is bad. You need to be smart with it. Yes. Like I said, I'm in debt a little bit. It had to happen, right? So once the situation was over, now I work towards paying off that debt, you're debt-free, and then you can go about your business, right? Sometimes it's necessary. Oh, he's the commentator guy. Yeah, I don't know him, Tango. Comasta. Is that Spanish? 22 trillion. The US owes 22 trillion. Oh, excuse my language. So it's gone past 19 trillion last time I checked. Gicho, it's the fundamental question for me that I haven't answered yet. Technological progress always has its price of general health and happiness. Is it worth it or not? I don't know yet myself. Sweet. Just ate some chocolate and pear. Nice. Chocolate and pear is delicious. Chocolate and any fruit, really. For me, my take on technological progress, always worth it. There's growing pains, for sure. There are people, infrastructures, companies, governments that don't, you know, try to slow down the technological progress of a society or sometimes try to speed it up to their advantage. So that's why I believe in an open society. That's why I believe in anonymity for the individual and transparency for those in power, right? That's the ideal society I want to live in. Individually, we have 100% privacy and anonymity, but we have complete full transparency of governments and corporations, right? Chocolate and tangerine is always a good combo. Always a good combo. Did you actually read all those books? Or are they props? No, they're not props. They're not props. The ones back here are my partners. There's a lot of nursing stuff here and healthcare stuff and a lot of herbal stuff and a lot of food stuff, a lot of growing food and lots of stuff. Comic books, I pretty much read everything here. I've read probably most of what's up here. I've read, I don't know, two-thirds of what's here up there. I don't know. There's a lot of books up top I have, if you've seen, that some I've read a lot of math and engineering books and stuff like that. I inherited and those most of them I read, they're above me, but I know the people that read them. So most of my books have been read, most of them. If not by me by someone else, that I knew. Clarified, clarified, clarified. Technical progress is always going to happen because we're inquisitive and want to improve our way of life. Yeah, dice power. Even if you're not in financial debt, you're in a sort of a time that if your time is exchanged for things to merely sustain your existence and not to improve it. Yeah, well put by the way dice power. I'm going to read that again. Even if you're not in financial debt, you're in sort of a time that if your time is exchanged for things to merely sustain your existence and not to improve it. Yeah, and that comes into play in our current economic system, the way it's planned out, right? A lot of people have to have to work. Like they need that money coming in every two weeks to be able to sustain their lives, right? That's not a healthy system, but you can look at what happened after the industrial revolution and after the Great Depression. The lowest classes suffered for an entire generation. Yeah, Trump has raised that two, two million since he came. I think you mean two trillion, most likely. Obama raised that I think 10 trillion. And it's two terms, right? Bush raised it, I don't know. It's not, it's not how much is raised by. It's the percent that is raised by, right? So how much is it growing on a percentage level? The absolute number doesn't really mean much. I find the biggest flaw in our economic system with our regulation laws and corruption. In my view, the capitalist system isn't flawed and inflation monetary system isn't flawed. But because the central banks are the facto bitches of commercial banks, then it's all flawed and the public has to fix the commercial banking. Yeah, the banking system is the main, one of the main culprits of the destructive economic system. The banks for sure, as General Smetley Butler would say, all wars are bankers' wars, right? Be on a street show. You went into debt to pay for the 2020 decades worth of beer supplies. To whom in the U.S.? Debt to mainly internal debt to U.S. corporations and whatnot. Trillion pluses to China, whatever it is, but China's been reducing that a little bit, some to external, but mainly internal, for what I know anyway. Amigosana, the life was even harder to refer industrial revolution. Industrial revolution created stability, even if it was with great price paid by health and happiness. But before that, if the season, season was bad, and your crop didn't give fruit, then you just died. Broker, the one thing is, so we're talking about agrarian agricultural society, right? If you go to Hunter Gather, some people will say it wasn't that bad, right? So it depends on the period how far we go back. I want to my math skills. Where would you suggest I start? You want to improve your math skills? James, it depends where you are right now. What level of mathematics do you know? Do you know how to graph functions? Do you know how to do you understand statistics? Do you know what a linear function is? Do you know how to deal with fractions? It depends on the level, right? To your math skills. Are you saying you want to improve them? Yeah. On deficit. Oh, you provided a link on the deficit. Let's check it out. Thanks Dante. Obama kicked it up a lot, lot, and then every year it was lower, less than five billion. The US budget deficit has more than doubled since 2015. Oh, this is the deficit. Dante, we're talking about the US debt. Not necessarily deficit, but this is related to it for sure, right? Cool. Funny that 2007 it was so low compared to, like, if you look at this thing, the whole chart, it was during Obama came in in 2009. So the almost the lowest deficit per year were under Bush, right? 2007. And I don't, I can't remember what it was before that, right? Thanks for that, Dante. Reminder, USD is a little upon all fiat currencies or Ponzi scheme, but I think US dollars is going to improve a little bit. Sorry, if someone asked already was AF, how does it come that the USA has so much debt and why can they make more and more without anyone saying stop? That's a huge question. That's gigantic. One of them is people trust the US government, right? So when the United States comes and sells what do you call it, the notes and stuff like this, they sell debt to the world and they say, okay, in the next 10 years or we're going to sell you five years, I don't know what the increments are, five-year debt, 10-year debt, whatever debt period it is, people trust that the United States is going to make those debt payments, right? So for example, who defaulted? Who was the last country that defaulted in one of their international obligations? Argentina, Turkey, Greece in the EU, right? So there are countries that default on their debt. People trust that the United States is going to pay their debt, right? So if they need, there's lots of money in play in the world, right? And people who have lots of money, they need to get that money working for them, right? So let's assume you have a million dollars extra that's just sitting around. Now, you can't have fee-out currency just sitting around. It's good to have some cash, but if a million dollars sitting around, 10 million dollars sitting around, or 50 million, 100 million dollars sitting around, you need to move that money around. You need to get that money generating a certain amount of interest, right? So let's assume from 100 million dollars that you have, now you're not going to put all your eggs in one basket, right? Let's assume you take 20 million dollars and put it in the stock market. You're playing just the averages, right? So 20 dollars in the stock market. Let's say you take 10 million dollars and buy some precious metals. And you do this with different systems. And you want something stable. You want to make sure you get a certain amount of interest back that that money is definitely going to be paid back. You buy U.S. government bonds, right? You buy U.S. debt that pays you, I don't know what the interest rate is on it. 1%, 2%, 3%, I don't know what it is, right? And you put your money in there and five years later, you're guaranteed you were getting that much interest per year. That's where you get money. There's money going around in the world that needs to place to park, right? People believe that the United States parking with the U.S. government is a safe place to park it, right? Safer than many countries, by the way. Chico, do you think that capitalism is the best economic system possible or there are better alternatives? We don't live in the best economic system possible right now, not even close. If you want to call this system a capitalistic system, I call it, I don't know, oligarchy. I don't know what you would call this system. A technocracy, plutocracy, oligarchy. What do you call this system? Yeah, but the population during hunter gathering period was a lot different. We would need to kill most of the people to go back to effective hunter gather period. Yeah, it's not possible now for sure, right? So one thing that agricultural system did was seriously increased the population of humanity, right? We need to go into outer space. Well, first it is just basic math or algebra or trig. America, America, a Camaro, if you need basic algebra and stuff, there's lots of resources available online. If you want, you can go to my website, I have a whole bunch of videos that start off with the real number set and teach you adding, subtracting, multiplying, dividing, knowing how to move around an equal sign, which is ridiculously important, right? Which is basically solving equations, which is really just isolating a variable. So if you do, if you go to my YouTube channel here, YouTube, my YouTube channel pops up, if you go to the playlist, go into either ASMR math playlist or go into the language of mathematics playlist. I have 100 plus videos on both of them and find some of the most basic stuff and start there. If you need help, let me know. I'll direct you to the right videos. And there's lots of other resources available online, obviously, right? Can you tell me what would happen if everyone with money deposited in a bank wanted to rightfully withdraw at the same time? A bank run? That's what happened. We've already had some of those. I would say I have a high school level math skill. Okay. Well, the debt is influenced by the deficit. Yeah. That was the financial crisis. Yeah, for Obama, yeah. But I wouldn't call a financial crisis. That was a scam. You have to be a mod to post links. Yeah, you have to be a mod to post links, Tony. This is the chart you're looking for. You can definitely post it on our Discord page. Okay, so Algebra. I'd start by paying attention in class, memorize the formulas. And if you do, like my teacher makes me practice a problem on your free time. Yeah. Post them in Discord or link it to me. Yeah, thanks, Dante. You're on it right away. No worries, Tony. It's just, you know, it's a patrol prevention mechanism, right? It's basic easy saying, but it's improve my math skills a lot. That is the unavoidable, ugly, relative inflation monetary system. Booker. Yeah, like our current economic system is built on debt, right? It built on debt, 100%. Right? So debt is not necessarily a bad thing. What you go into debt for is extremely important, right? And you have to time your debt. And who you go into debt for is extremely important. And when you go in debt is extremely important. If you went into major debt in the 1980s, you were screwed. Rate of inflation base was like 18%. Huge. My God. It's crazy. And credit cards at that point were still charging like 28% interest. Right now the core inflate, the base inflation is what? Two, three percent. And the credit card debts are still charging 28%, 20, 25%. How is that even allowed? Right? Bamboo hats. How are you doing? I normally have like 50 or $60 in cash, just in case no credit. Yeah. That's a great idea. Have some cash. If the monetary system would be deflation, then it would be even easier for rich to stay rich. You don't need to have ideas on how to invest your money. You just need to sit on your lazy ass and you get richer. To a certain degree, to a certain degree. We live under crony capitalism 100%. I like using crony capitalism personally, but it gives capitalism a bad name. Right? Not that it doesn't deserve it because there are people who've, it's like communism has gotten a bad name because of USSR and other so-called communist countries that weren't really communists or dictatorships. Right? Is capitalism even a thing anymore? I thought it just died out. No, hasn't died out yet. And there's other systems than capitalism, probably much better systems. Most government run this pedestal that encourages people. I think something to save up rather than becoming financially literate. Capitalism is the current ruling economic system. No. And Dante is right. Capitalism is the current ruling economic system. And it's a system that's across the board everywhere, like Russia's capitalist, China's capitalist, U.S. is capitalist, Europe is capitalist, Africa is trying to be capitalist. South America, more socialist right now, but it's more dictatorship now. South America, Latin America is a shit show. And Africa is a shit show. Right? Because of outside influence mainly. Right? I'm good at math. Yeah, out of space sound good. To me, we would need to use our available terrestrial resources more efficiently. 100% agreed on that, like waste management. What is currently done just by throw away and forget mentality. Yeah, it's insane. And it won't be replaced easily. Yeah, capital is not going to be replaced easily. There are places that are trying to replace capitalism. And they're having a seriously hard time, either internally or from external forces. Yeah, I meant true capitalism, voluntary exchange of goods between people. That doesn't exist right now. There's there's middleman governments, corporations, patents, copyrights that are being extended up the yin yang to instave the population and give more power to these corporate oligarchs that control our governments, right? What we have right now would be something closer to mercantilism, I think. I bet that I've looked at mercantilism multiple times and I still need to look it up every time the definition. Let's look it up. Mercantilism is a national economic policy that is designed to maximize the exports and minimize the imports of a nation. These policies aim to reduce a possible current account deficit or reach a current account surplus. Is it full on mercantilism? I wouldn't say it's full on mercantilism. I bet that it takes like five to ten generations when our current garbage dump sites will cost really much. So if you want your grand-grand-grand-grand-grand-grandchildren to live good, then start buying up garbage dumps. A lot of resources there that can be reneutralized in the future. I wouldn't buy garbage dumps, personally. There's not enough fiat to cover for everyone if they are with Jew their funds at the same time, no. And you got to remember throughout history, there has always been jubilees where everyone's debt is forgiven, right? Or not everyone's but a huge chunk, a huge percent of the population's debt is forgiven, right? We're long overdue for one of those things. Our money is just numbers in a bank computer backed by nothing, yet people still think fiat has real money. Tony, I wouldn't say it's a bank by nothing. It's backed by trust. It could be false faith, trust in the system, but that's what it's given a value, right? Once the trust factor starts teetering, then you're going to see some serious changes taking place. Like the people collecting the money, yeah. Well, 28% interest, yeah. I have heard Lechtenstein doesn't have external debt, which is amazing. That's cool. Britishers are pronounced Mersen. I think it's mercantilism. Mercantilism is capitalism with tariffs. It's not an economic system. Yeah, I wouldn't say it's an economic system. Mercantilism is a national economic policy. Yeah, policy is the right word that is designed to maximize the exports and minimize the imports of a nation. Yeah, it's a government policy, centralized policy. So Dante is correct. I don't think he would call the economic system. It's policy. I'm sad, not rich enough to buy a garbage dump, but when I get the chance, then I will. If you buy a garbage dump, you're going to be responsible for the environmental damage that a garbage dump is creating. And working as a geophysicist in the 90s, where I've mapped out a lot of water contamination, water plumes coming up garbage dumps, you don't want to own a garbage dump than liability associated with owning major source of pollutants for your surroundings, especially with the environmental laws kicking in. That's one way trip to bankruptcy. Okay, I don't care how much metals you think there are in there. Hi, cutie. Hi, Zoot. How are you doing? Long time no, no watch. How can you have such a cool beard? I eat, I eat mandarin chocolate. I'll make a mandarin dark chocolate sandwich. Here we go. Mandarin and a dark chocolate sandwich. Check it out. Sorry about that, gang. Let me do this. I dropped my chocolate. I'm going to do it again. I laughed too hard. There was too much. There we go. It's got raspberries in there too. Love your politics. Still love you. So I won't show you. There's no anecdote for kindness. Awesome. Thank you for popping by. There are a number of vast countries that run on the budget surplus. Hey, chichou. Hey, seal. How are you doing? Do you think there will be another start market crash soon? I don't know how soon is the right word. It really depends what you consider soon to be. There will definitely be a stock market crash in the next 10 years. Is that soon? The odds are there were definitely, well, I won't say definitely, but the odds are there will be a stock market crash in the next five years. I bet on that, right? But there's a saying that says the market can stay unreasonable longer than you can stay liquid, right? Could there be a crash in a year? I don't think we're going to have a crash until the elections. After the elections, anybody's bet. I wouldn't be in the market after the elections personally. I wouldn't be in the markets right now actually. Germany, Austria, Norway. They're on a budget surplus, yeah? But it's not doing wonders for their economies. No. You need to get public funding to help you out in managing the garbage dump. Though you can already extract landfill gas there. It's not easy, but doable. I love the idea. A broker regarding extracting gas from landfills. Now, some of those of you don't know. Garbage dumps, like don't live near a garbage dump. Don't live downstream from a garbage dump, right? Don't live upstream from a garbage dump because the air flow might be going that way, right? I've been on garbage dumps where a year before, well, we're doing environmental, we're doing geophysics, so we're doing non-intrusive. But one of the junk dumps I was in in the 1990s, and this has happened in other garbage dumps as well. But one of the garbage dumps were in 1990s doing geophysics survey, non-intrusive, trying to map out the garbage plume coming out, right? Our water plume coming out, going into the aquifer or contaminating people's wells and stuff like this. At that garbage dump the year before, people had, there was a drilling boreholes trying to map out the garbage dump and get a feel for what the underground rock structures were like, right? So there was a drilling crew there and the geologists were there, what do you call it? The water person was there and stuff like this. They drilled into the landfill and gas came up. Invisible gas killed everyone, right? Toxic gas. I forget what the gas was. So a lot of these landfills have like horrendous stuff in there. Personally, I would not invest in any company that was into buying landfills and extracting out the resources. You don't know what's in there. You're eating healthy and then rewording yourself with the chocolate. The chocolate. Chocolate is healthy, right? Chocolate is not a bad thing. The idea of making wealth from trash has some nobility in it somehow. That part, yes. But recycling in the limit is not going to work. We have to reduce, it's got to be huge, right? Reuse. We have to build things that will last much longer than we are. It can't be a disposable society. I predict the correction within the year. People have been predicting the correction me included for the last 10 years. I like the idea of moving to Iceland. No garbage dumps in Iceland. No garbage dumps in Iceland? I'd be surprised if there's no garbage dumps in Iceland. Gas from landfill. We don't even utilize a methane off dairy farms yet. And that would be much easier to do than cap a landfill. And by the way, beings, I think there are landfills that have been capped where they're extracting out the gas. There were a couple of places, I believe in the 90s, that I went to landfills that had done that. One of the landfills we're at, they put grass on it and it was a kid's playground above it. What? They built a kid's playground above a landfill. I couldn't believe it. Where I see difficult problems, I see opportunities. Whatever. Would be rich enough and then I would try to hire you or someone similar to you to lead the project. Someone who worries about it a lot. Yeah, I know. Let me know. I'll look into managing your landfill, extracting out the resources. Stock market crashes follows an inverse cubic power lock. 12.8% chance crash in any given six month period. Very cool that I can say that. To a Twitch streamer that knows what that means. To a certain degree, inverse the cubic. I know the general gist of it. I haven't looked into how legit those numbers are, by the way. Is it 12.8%? Let's check it out. Stock market crashes follows an inverse cubic power lock. 12.8% chance crash in any given six month period. But is that a rolling average? 12.8%? Or is that what it is right now? I'm curious what the relative thing is. What was it? I would love to see the historical thing on this in 2006, 2007 and 2008. One of the metrics I like doing, or I used to like doing, is when tolling average. Tolling average? Tolling. Over how? What's the period? If I'm understanding that correctly. But one of the things I love looking at where I would buy puts on as soon as, not as soon as, but when a stock started going exponential, but not on a linear scale, on a logarithmic graph. So when a stock, there are stocks that start going exponential on a log graph, right? Or semi-log graph. Once they start going exponential on a log graph, short the damn thing, right? You want spicy? Get blazing and buffalo wild wings and eat them. Okay, let me go back up here. That plant seems to be growing in a trajectory away from the light. I don't have much to, to the conversation at hand, to stream. Olive, you're very, very, what do you call it? Wise, wise human being. But what do I know is that that's not normal behavior for, it is not. Because every time we stream, we finish streaming, I flip this around and do this. Right? So this is, it's posture after the stream. But while we're streaming, I do this. Right? Because I like the way that looks. Very perceptive of you. Olive, you, you have a very technical mind, very smart, very smart. You're the first person that said that, by the way. Garnac is so spicy when it's raw. It's so spicy. Oh, it's spicy. Beans. We do utilize it. I have a friend who had a farm that uses around one megawatts of it, really. I think one MW is megawatts, isn't it? Estonia. Nice. From stock market birth to now. From stock market birth to now is 12.8%. That's the average for all of the whole stock market. Wow. So they must have the numbers rolling averages for an extended period of time. So if you look at it for a 10-year period, five-year period, years too low. This is for a six-month period. Right? This is for the crash, by the way, the 12.8%. So if it's for a six-month, you should look into like three-year average. So if you're looking at three-year averages or five-year averages, or even you can even look at the six-month average, a six-month period. Right? So if that number, probability of a crash is sitting at 25% now, then that's double what the average rate was since the beginning of keeping track. So you'd be more inclined to short the market then. If it's sitting at 5%, then, man, bye, bye, bye. Right? That's cool. Thanks, Zoot, by the way. Thanks for that. Yeah, man. Livestock industry can be a lot more effective, efficient maybe. The friend sold the farm to foreign investors though, because he liked to fish and work the minimal, but loved his ideas. Cool. This truly, to read the chat too, is trying to read. But why try to beat the market? It's too time-consuming for any human to do. It depends. Like for me, when I was doing trading in the markets and stuff, it was a full-time basis. Okay. I did other things. I did geophysics and stuff like this, but my daily thought was the market, because you have money in play. It's fluctuating all the time. So if you're investing somewhere where there's high risk and you're playing with the markets, you need to be focused on it. Right? So yeah, it's time-consuming. That's one of the reasons I don't do it right now. Aside from, I hate that system. Right? You know, I don't even like politics. I'm just here because I like hearing about it. Cool. Ha! I caught it. I can sleep well now. I'll live awesome. I like this emote. Awesome. One of our former mods made this. He's taken a break right now. Huge thank you to Casey for making these emotes that we have. Huge thank you to him. He's one of the people, he's the first, one of the people really that got, got us set up on Twitch with the emotes and Discord. Got me going to Discord and did a lot of the background stuff and explained to me how this stuff works. So we're indebted to Casey for doing all this work and the banner that we have on Twitch and that I'm using on Twitch, Facebook, Twitter and all this plus, he made. He made for us. So fantastic. Were you a technical analyst guy with trading? I did some technicals. Just personal. I never did training. I never work with day traders. I never worked with any company. I just no mathematics. So I just went into it and I looked at the metrics and stuff myself. I made a lot of money. I lost a lot of money. Right? Learn from both experiences. And once you do that, you learn the system and you're like, ah, that's how it works. Damn. What a corrupt system. Wow. What a joke. Right? Hey, how are you doing? Splits? How are you doing? How's life? Okay, yells out as loud as I can. Thank you, Casey. Thank you, Casey. Hey, what's up, Chicho? Heno, M. M. Heno, doing good. How are you doing? I hope you guys are enjoying yourselves. Caught up with chat. Nice. Woo. Been going hardcore. Oh my God. We're into two hours already. Crazy, crazy. Time flies. Time flies. Wow. We're almost at two hours. I've always been more of a instinct and fundamental trader. TA makes me my head explode. That is also why it's so interesting to hear the math tutoring streams you have here. Nice. Yeah, and I did instinct as well. Right? Like for Tesla, I own Tesla stock when it was trading at like $25. Right? People were like, oh, why do you own that? I'm like, dude, Tesla, you guys crazy? This is like, oh, their numbers are horrendous. Yeah, but this is the future. This is this. This is this. Right? I don't own any Tesla now, but I got into it when it was like $25. Right? That was just instinct. Just looking at disruptive innovation coming and where it might go. Right? Only mention the six-month average because you did it first. I agree. It probably won't happen until after the election. Real estate bubble will most likely go boom for, yeah. And that's the one I'm watching, Zoot. I'm watching the real estate. That's the one I'm watching the closest. A real estate, and I'm also watching contagion globally. What's going on in certain countries? Certain countries are, they're falling. They just collapse. Boom. They're done. Boom. It's going. Right? I'm watching that and I'm watching real estate. We'll see where it goes. But never made real money with trading. More of a game. Metal working and construction have been my main field. Awesome. Awesome. Trading is, you got to be on the ball. You got to be on the ball. What you, the way you have to make money off trading is mitigate your losses. It's not really how much you're, well, it is how much your rate of return is, how much you're making. But if you're making 50%, but if you make investments that drop 50%, you got to make 100% to get back to where you were. So what you need to do when it comes to trading is reduce your losses. Right? Cut the losers off. Boom. Boom. Boom. Get rid of them. Right? Take the hits early on. Don't ride out the losses. Right? Because those are the ones that are the killers. Right? Time flies when you're having fun. Time flies when you're having fun. Tesla, the car company, the car company. Yeah. Do you think financing for nice cars is always a bad idea if you can afford it? As a personal individual, yes. Okay. If you own a company and you can write it off against your income or your revenue coming in from the company, it's okay. If you can write off financing against your salary, you can do it. Play around with it. But if you're writing it off against your salary, then it has to be some kind of business that you're running. So how are you going to write off a lease on your salary if it's not a business? Right? And you don't want to mess around with the government, with the tax systems and stuff like that. That's asking for trouble. Right? Play the game legit. Right? So in general, for almost every single individual that I've seen as a lease, the car is a bad idea. Bad idea. Too much third world immigrant. No, I disagree. You could flip that around when you say too much third world immigration. You could flip that around on the flip side of the coin is too much Western intervention into the third world as forcing all this immigration because those countries are being destroyed or the corporations are going in there and looting it. Right? It's a much more complicated game than that. Much more complicated. Hey, quick question, Chico. Have you read the alchemist? The alchemist. The alchemist. The alchemist. I don't know. I don't think so. No. No, I haven't read it. Who does that refer to? I'm trying to figure out what that refers to. But I haven't read it. No. I've looked into alchemy. I've read lectures on alchemists and stuff like this, but I've never I don't I've never read a book called the alchemist. Thank you for hosting splits. I bet that Mr. Musk does deliberate public mishaps because he is playing playing his own company stock through invisible sources. Broker, right now what we've seen in Tesla's stock, if people were here like a few months ago, we talked about Tesla a little bit and Tesla came down and it was around 180, 90. And I said, Oh, it's looking pretty sweet right now. It's looking pretty sweet. Even though the numbers that we're putting out were horrendous, right? It was pretty looking. And some people were like, Oh, Tesla scares me and stuff like this. There was a couple people that know their stuff. And I said, Yeah, but it looks pretty sweet. And what we're seeing right now is people were short in the crap out of Tesla. And we're seeing major short coverage shoot Tesla close to 600. Right. Now is it going to stay there? It's done a triple. It's done pretty awesome. So there's a lot of people right now, probably jumping on a short bandwagon, trying to short it right now. Right. Is there still room for short coverage panic to take place? We'll see. We'll see. It's a fun game, no matter what, as long as you're not getting burned. It's a fun game. It has too many accidents for a guy that clever. This confuses me, works for Tesla, probably owns the Tesla. That I think. I'm not going to judge. I personally wouldn't buy Tesla stock right now. And I wouldn't be shorting Tesla right now. The eccentric Chrome. By the way, gang, thank you for the follows. Thank you for the subs. I'm sorry if I missed any of the follows and subs. It pops up, but usually I'm blah, blah, blah, blah, blah, and I miss them. Right. That's true. But why would Europe suffer because Israel wants America to fight their wars? We're not going to do politics. Ah, this is novel. Polo, Colo, the Alchemist. Great book. I just saw your book collection back there. Ha, ha. Okay, cool. I'm going to highlight this and put it on my to read list or look up list anyway. Thank you for the recommendation, by the way. Let me, let me pin this and I'll take a look at it later. In the Bible, it says whoever opposes the land of God shall be punished. Not the exact word. Yeah, we're not going to do that in this stream. Trump 2020. Gicho, do you know any other languages than English? Yeah. Do you think it's beneficial to learn other languages? Yes. I mostly want to do it because I'm curious and it's fun. Got my own French. All of it. I highly, like I speak Armenian and I speak Farsi. I'm not very good at them. I don't know how to read and write them. It's only English. Like this is my best language by far, right? But every language you speak gives you a different perspective on a certain situation, right? Like mathematics is a language and gives you a mathematical perspective on whatever situation you're looking at. So learning new languages is a very good thing. French is a lovely language. Kind of different. Yeah, difficult but fun. Yeah, they try to teach us French and I never learned it. So because Europe goes along with whatever America does and European corporations are also looting Africa. Yeah, in a big way. France being one of the biggest, right? Like I have zero sympathy, zero sympathy for European governments complaining that the mass immigration coming in is hurting their economies or social structures. Well, maybe they shouldn't have gone into other countries and destroyed them and forced mass immigration. Maybe they should stop their corporations from looting African countries and allow the countries to keep some of the resources there. Maybe they should stop committing genocide and starting coups in countries, right? It's littered. The history books, history is littered by European countries and Western powers and other powers messing around Africa and destroying millions of lives, right? It's happening right now. What the hell is France doing in Mali, let alone Libya and all the other neighboring African countries, right? I just ordered the outcome. It's like a week ago. Nice, Olive. Tesla keychain on the bar will get you a date quick in Vegas. Well, be a nerd like me. It's not so hard. Awesome. Estonia is my main language. Estonian is my main language, but we only have 1.3 million population. So most of us speak three plus languages. That sounds like Switzerland, right? I personally also speak Finnish, Russian, a little German and a little French, and now start learning Swedish in a slow tempo. Nice. And yeah, English, I probably speak the best besides Estonian. Awesome. I treat the protocol right now. Dante, don't do it, man. You know what I do go off on, right? Yeah, we'll keep this non-political as much as we can. We just had like a couple of minutes of political. What do you guys think? Should we load this one on YouTube? I think we'll load this one on YouTube as well. Okay. We'll load it on BitShoot and we'll load this on YouTube as well because the main topic of discussion was finance, personal finance. Correct me if I'm wrong, but I think we should be okay loading this on YouTube as well so we won't get nailed by the sensors and get our videos taken down and have our channel banned. Yeah, but speaking Finnish is like speaking German, Russian, is that what it is? He's laughing. Amigos. Dark chocolate and Mandarin sandwich. See those red things in there? Those are like raspberries and there's a little bit of nuts in it. It's got like a mint flavor to it. My pleasure, Amigo. Thank you guys for being here. Bamboo, you lost your appetite. I suggest Mandarin and dark chocolate. It's fantastic. I love learning English. I give it and it gives me a new perspective, but moreover, it is so vast with plenty of synonyms, which I find so intriguing. Awesome, Olive. I found English is a difficult language to learn. It is and French is extremely difficult. For me, they were trying to teach me English and French at the same time. Oof, the confusion. I had sacrificed French to learn English. Amigo. Amigo, no way. Finnish is ancient Estonian. Most Estonians speak Finnish. Quite good. Okay, but Finns rarely speak Estonian. My Estonian teacher in high school told that it was because our language had similar roots, but Estonian kept on evolving. Really, interesting. I don't know if you read this, but for the third time, goodbye, Chicho. Bye-bye, American model. Okay, gang, let's call it a stream. Two and a half, two plus hours and I'm still trying to get the chest cleared up and I think these streams are helping. I'm reading, I'm talking and we'll try to kick us up into 80% so we can get into full production. But I'm getting pretty close. Getting pretty close. Just need bitchute to cooperate. Okay, I'm fluent in Somali English and a bit of Polish. Nice. Thank you, Chicho, for the stream and bye-bye, everyone. Quality time as always. Quality time. Thank you very much for the conversations, everyone. And if you're game on Sunday, we're doing a math stream, I believe from two to four. Okay, if you check our Patreon page or Discord page, I've made the announcement there. So if you can make it, we'll do a little mathematics on Sunday and see where that takes us. And if you have math questions, if you know people that need help with mathematics, send them our way and I'll try my best to help them out and they're most likely will be other people here that are doing a little bit mathematics. Plenty of non-bias and non-partisan political forums. Here it would be a death sentence. Okay, I can stay till the end of the stream. I want to learn Russian too. Russian would be amazing. Way over my head, I know. Thanks, bye. Bye, everyone. Thanks, Dante, taking care of business. Thank you, Tink, if you're still around for taking care of business and everyone for the conversation. And I'll see you guys on Sunday if you can make it. Bye, everyone. And our Discord page. Hope you have a fantastic weekend.