 Welcome to the bull and bear show episode number 16. I'm here with Nash Cowboy and the market maverick. How you guys doing today? I'm doing fantastic. We've got a great show ahead. We're going to talk about a lot of trending topics. The first topic we want to talk about today is the housing market. So this says that the housing market in America is stuck. Americans cannot afford homes. Investors are not buying property and economists see little relief ahead. Nash Cowboy, you're in America. What do you think about this statement? Is this true? I think it's absolutely true. As a matter of fact, I was talking to my banker about a construction loan and they're not even giving construction loans now. Because it's just too much risk for them at this point. I don't see anybody buying houses right now and honestly, I think if you do buy a house right now, it's very foolish with the interest rates the way they are. Like I said before, if you bought a house right now and you were at 7% interest, which is actually a little lower than what the market is going right now. If you bought a house for $300,000, it's 7% interest. You're looking at $2,100 a month just in interest. So I mean, it's foolish to buy a house right now. Absolutely foolish. I don't see it getting any better anytime soon. I think it's going to pop. Mark and Maverick, what do you think about this? Are houses unaffordable? What are people going to do if they can't buy homes? What do we do? What do we do is different than what should be done and what's going to happen. Right now they're saying, I'm in Canada. So in Canada, the Canadian home prices, they're saying are going to remain flat until the end of 2023. And you were telling me that they were going to hold the rates at 5%. Is that true or did I hear that wrong? That's true. The Bank of Canada has decided to hold rates at 5%. All right. So I'm reading here that yeah, 5%, Bank Canada holds 5% potential and historic heights Bloomberg says. And how long is that going to last really? Because in 08, I believe they said subprime mortgages would be held at 5% as well. We know what happened there. So I have little belief in the real estate system at the dollar. In fact, the dollar looks strong, but the political perspective for trade with Canada, not trading with China, aluminum and a bunch of other microchips and so much other stuff. And Ukraine's bread situation, not leaving bread. I mean, the housing market is one of the least of my worries right now. But I don't think it's going to hold at all. I think it's going to, they say they're going to bring down rates. I don't believe it because they printed, they said they printed 50 or 20 trillion. But if you go to Google and you type in current fiat money worldwide, you'll find 80 trillion. But in 2019, it said 23 trillion. So they printed over 50 trillion dollars. So how is it possible to lower those rates? Yeah, we can't. I mean, it is possible to lower the rates. They just got to do it. The problem is inflation is higher than what they want and they want to get inflation down to 2%. And the only tool they have lower inflation is the raise rates. The problem is higher the raise rates, the more people get into debt, the more people can't afford the mortgages, the more people can't afford food, they can't afford gas. The price of everything is rising to the point where people are becoming homeless. People can't afford to buy, they can't afford to rent. Everything is getting astronomical. Now I live in Vancouver where the housing prices, you won't believe this. The average house now in the greater Vancouver area is 2.4 million dollars. That's not just Vancouver. That's Vancouver and an hour around it's now 2.4 million dollars for a home. And if you want to live in West or North Vancouver, which is the most expensive place in Vancouver, the average home is now over 4 million dollars. That's not sustainable and it's not affordable. And that's why I believe we are on the verge of having a massive housing bubble. What's the average wage there? The average wage is probably like, I don't know, maybe, I think the average household income is about 80,000 dollars. 80 to 100,000 dollars is the average. So there's no way the average person could afford that? No, they can't. It's unaffordable. It's unsustainable. In fact, a lot of people like me are tired of it and are looking to sleep. Different cities, different countries, different markets are affordable because the housing in Canada, specifically in Vancouver and in Toronto, is no longer affordable. It's completely unaffordable and we are in what some are calling the biggest bubble in Canadian history for housing. We're on the verge of having this bubble burst and in a really historic and terrible way. And like, do you guys have any plans of how can they turn this around? Nash Cowboy, is there anything they can do to turn this around? Any ideas? I mean, I'm on the conspiracy side of that. I don't think they plan on turning it around. If they can delete the middle class, then there's only rich and poor and the rich will rule the poor. I think that's all their plan. They don't want us coming up in the world and being on their level. I actually read a story. I read something recently along that conspiracy and a lot of these conspiracies turned out to be true. So I'm just going to say that they actually, what were we just talking about? The housing bubble. So, oh my God, I was going to say something so interesting right now and I literally just like, you know when it just slips your mind? I literally can't. Let me ask you a question, Mark and Maverick. I'll come back. If you were the Prime Minister, what would you do to solve this housing crisis? Okay, that's what we were talking about. I was searching up something. I would throw Trudeau in jail. Hey, I'd be down with that. Because a lot of Canada unfortunately and the U.S. has been basing most of their policies based on what the World Economic Forum wants and not what their people want. Look at this. This is my next topic. An international strategist says Canada is sitting on the largest housing bubble of all time. Is he right? What do you think, Nash Cowboy? Are we in the biggest housing bubble of all time? Absolutely. I think we are too. And a balloon can only take in so much air before it pops. What goes up must come down. Period. So I think that bubble's about had it. Again, I think it'd be foolish to buy a house right now because like in 08, my friend bought a house and it was at its peak and then it popped. And now then her house was worth half of what it was. Now she's in the green, but I keep telling her to sell while it's hot and she ain't doing it. I agree. The housing bubble's fucked, man. So Mark and Maverick, are we in a housing bubble? Yes or no? We are. And I can prove that by saying the name of one person, Michael Burry. He just made a $1.6 billion on a NASDAQ and S&P crutch on the two major systems. So his net worth is $1.2 billion. How's he investing $1.6 billion? He took a loan. That's how sure he is. He took a loan and he's using the loan to pay the premiums on these put options. So if Michael Burry is doing that, I have absolutely no belief in what's to come next. I think it's going to be bigger than ever. I think it's going to be a collapse of a currency, not collapse. Let's just say I don't like that work. I like to say a devaluation of, let's say, 50% of these currencies, I think is a strong possibility to happen. And the housing bubble and the inflation and everything that's happening is just a precursor warning. And if Michael Burry sees it, and we're all in cryptos because we've lost fault in the fiat enough to put major money, major percentages of our physical money is in crypto because we lost hope and we like the fact that we own crypto and not just the dollar. So when that dollar takes it, I think things are going to get... What about this statement? The stock market drives US households to record wealth. I don't understand this statement, but this is a statement that's being talked about on Reuters. They're saying that US homeowners are having record wealth because of the stock market. Should that not be because of the housing market? I don't understand this statement. Are people in America rich because of the stock market right now, Nash Cowboy? I don't think so. If anything, there was more millionaires made during the last crypto bull market than any other time in history. But maybe they're correlating it because people sold houses at high records and then invested in the stock market at the same time. Maybe they're trying to flip that correlation the other way, but I don't believe the stock market made households new records. Maybe the other way around, but not in that way. What do you think, Mark and Maverick, about that statement? The market drives US households to record wealth. Right here, I'm looking at JPMorgan Chase. Excuse me, I pressed the wrong button here. Excuse me one second. JPMorgan Chase actually on their website, he talks about administrative retail bank data to explore the relationship between the US stock market and consumer behavior. They talk about household behavior leading to wealth in this JPMorganChase.com Institute Research Financial Market. So this has to be something to do with mass psychology and how people react. It's all on a graph and a chart somewhere. I mean, who put out the artifact too? Is it somebody trying to move people into the stock market to help recover it? Is it something like that? You talking about what the article is? It was written on Reuters. The article is on Reuters, so it just didn't make sense to me because I don't feel like the stock market is making people rich right now. If you take anything, it's real estate that's making people rich. People are rich because they have equity in their homes. Anyone that's a homeowner has become a millionaire essentially here in Vancouver, living in Toronto. Anyone that owns a home is now a millionaire. That is what's driving wealth. I don't believe it's the stock market. But if you're rich, you probably have access money, so you're probably buying stocks too. That's what I'm saying. It's probably the other way around. They're just trying to make it look like it's that way so that more people invest in the stock market. Interesting. Look at the information that this article has on JP Morgan Chase. It talks about the amount of men and women that are investing in the stock market. It's all on a graph. Sensitivity of credit card spending changes to the stock market returns. It's got a lot of information. Money monthly changes and transfer to investment accounts and stock market returns. So they've got all this information growth and transfer to investment accounts during COVID. And the information on that interest or sorry, the household, what you're talking about is related to this as well. The stock market and household financial behavior. Bank of Canada says interest rates. So this is my next topic. The Bank of Canada says that interest rates may not be high enough. So even though the rates are super high, everybody's struggling. People can't afford to buy homes. People can't afford to put gas in their car. People can't afford to buy food. And people are struggling all over the world. There's more homelessness than ever before. People are living in their cars. People are living in tents. Bank of Canada has come out and say interest rates may not be high enough to slow down inflation. So what does that tell me? That tells me that rates are about to go higher. Now in saying that the Bank of Canada did decide to pause rates today. So what that tells me is there's more rate hikes coming. So Nash Cowboy, do you think that the United States is going to bring rates higher? Because it looks like the Bank of Canada is saying, even though they paused on rates this week, that rates most likely are going to have to go higher. Do you think that the rates go higher in the U.S.? I think they absolutely go higher. Like I said, they're trying to milk everything they can out of the middle and lower class that they can. They're trying to make the middle class the lower class. And it's all height scare tactics trying to divide us even more. I agree with you there. And Mark and Maverick, what do you think about this? Bank of Canada saying interest rates may have to go higher. I think this is a disgusting statement. I think that there's a lot of criminal activity happening at this point that I'm just tired of. What are we doing with this, Mark and Maverick? Like what's going to happen here? Like when does this stop? I'm looking at a financial system review from 2023. And they say that the stable, the financial system is stable and efficient in sustaining economic growth and raising the standards of living. This is in the Bank of Canada's.ca. And they believe, well, the thing is the Bank of Canada owns major CDOs in the housing market. They own all the homes. So when they raise those interest rates, they're profiting directly. It's not like there's a middleman. They're making all that money. And if they lower the rates, they'll make money too. So what they do is they just use the public as a scapegoat, let's say. Yeah. They use they use these articles to create fear intentions, but a large negative shock such as it's saying here a global recession with significant unemployment that further depresses housing market could increase loan defaults among households. It defaults on uninsured mortgages with negative equity were to occur on a large scale. They could result in sizable credit losses for Canadian lenders shutting down the bank. So if the war continues the way it is or gets worse. If the situation with Trump and Biden gets worse, because people are their attention is high in the United States, they're tied at 43% for the presidency. Trudeau, he's got 83% of Canadians that want him gone. There's no chance he's going to win. So I believe personally, on a note, from a personal opinion, I think there's going to be a possible another lockdown in order to calm the economy once again. I agree with that. We talked about that, Nash. Do you think there's going to be another lockdown? Absolutely. Matter of fact, I know a lot of nurses that their hospitals have already told them that, and this was a few weeks ago, they've already told them that there's another round of COVID coming to prepare for lockdowns. One of my good friends here in this town, he is the EMS, the coroner, he's everything, and they told him that they're going to start throwing in mandates again. How did they know that before it even happened? It's all part of the pandemic. Again, poverty brings power. Now, thankfully, there are some states here that have already passed bills that are rejecting any kind of mandates. Hopefully all of them will, but we'll see what happens there. This is the next statement here. The Bank of Canada holds rates steady, which I told you guys earlier, as the economy shifts into a weaker period. So if the economy is shifting into a weaker period, that must mean we're in a recession. Do you believe we are in a recession right now, Nash Cowboy? I think we've been in a recession for a long time. I have never in my life seen as many help-wanted signs ever. I mean, literally every business has help-wanted signs. There's plenty of work out there, but nobody is working. Everybody is drawing off the government, drawing welfare and getting their free ride, and nobody is contributing to it. We just keep printing money like it's toilet paper. There's no way we're not in a recession. As a matter of fact, when you compare the average household income and the Great Depression, and then you mark up to what that amount of money is worth now, we actually make less money than they did in the peak of the Great Depression on average. Mark and Maverick, are we in a recession? We can't hear you, bud. We can't hear you. There we go. I believe that we've been in a recession since the beginning of this virus situation. How are we not? The money has, I used to pay for cheese. I'm paying double. It's gone up 120% in price. Wow. Cheese alone. When I'm at the store, I look at the cheese and I start laughing. March 15, the Royal Bank of Canada said the thought leadership group predicted that the country was heading into a mild recession in mid-23. I think what their word of mild is actually a possible political scenario that could affect everyone. Who knows what it is, but personally, based on my research, we are in a recession and we're not coming out of it anytime soon. I believe it's going to get worse very soon, actually. I think, my opinion, I know you guys will think differently, but my opinion is there's going to be a lockdown and the preparation is done. How can we shut down the world when the dollar takes a hit? The Saudi Arabia already left the US dollar. Yes. 40 countries with bricks now. 40 countries have already left the US dollar. Where does that lead to the dollar? Right. While this is happening, the US dollar is going up. How crazy is that? That actually happens before it crashes. Well, it's going up, so it's not showing any weakness despite the fact that 40 countries have left it. Also, you've got to realize that it's not illegal to lie. We know that for sure. In this world, we're being lied to more than we're ever being told the truth. Clearly. How often does anyone tell the truth anymore when it comes to politics? Alright, so let's just change gears for a second. So I want to talk about something different real quick. We're going to talk about the NFL season. So the NFL season is starting. They had the first game on Thursday. Detroit came out with a huge win over the Kansas City Chief Super Bowl champions. I'm a huge football fan. So as a guy that's concerned about all of these global problems, I'm concerned about the economy. I'm concerned about recession. I'm concerned about interest rates. I'm concerned about housing prices. I'm concerned about gas prices. I'm concerned about food prices. I'm concerned about everything crashing around me, but I'm going to be watching football tomorrow. So is the NFL season the perfect distraction? What do you think, Nash Cowboy? I've said this many times. I don't really watch football unless it's a big play. I do gamble on football, but it's small amounts. I've got a dollar bet out right now that'll pay like $300,000 if I win. And a dollar bet that'll pay $500,000. I've got a dollar bet that'll pay over a million. So I pay attention to who's winning just because I've placed these crazy bets. But I don't ever watch the games. Like, very, very, very rarely do I watch a game. If I do it just because I'm at somebody's house chilling and they're watching. So I don't think it's a distraction for people like me. However, it can be. I mean, I've got some severe sports addicts that watch every freaking game and know everything about every player. So it could be a great distraction for people like them. Market Maverick is the NFL season starting right in time at the same time as interest rates are up, recession happening. People can't afford housing anymore. Is this season of the NFL a perfect distraction for what's really going on in the world? You know, it's interesting you say the word distraction because the Coliseum was built in ancient Rome. Actually by the past, who built the Coliseum to distract the Romans. Keep them keep their attention directed away from the current financial system. It's not why the NFL is back, but I gotta I gotta say I'm a Raiders fan. I'm a lot of Falcons fan. And I love the Denver Broncos. What can I say? Also the Patriots. I there's a lot of teams I like. I'm not just a one team guy in the NFL. I'm not from the United States. So I can do that. You know what? I think I think honestly. I watch football a lot. I love watching the highlights. My favorite game ever that ever came out in the world history of games was NFL Blitz. Nintendo 64. You guys remember? Well, I'm a Dallas Cowboys fan. They're playing the Giants on a Sunday night. And I'm telling you, I will be watching sports all day tomorrow. I won't be looking at politics. I won't be looking at the stock market. I won't be looking at Bitcoin. I'll be watching football all day tomorrow. Honestly, I'm going to tell you straight up as a huge sports fan. It's a huge distraction. Tomorrow the Bengals. All I can say is if I'm hoping your Cowboys get spanked because there'll be one more win towards my 300,000. Oh, tomorrow the Falcons are playing. I don't want the Cowboys to lose, but I do hope you win your bet. Tomorrow Atlanta Falcons versus the Panthers. That's going to be a good one. There's going to be a lot of good games tomorrow. It's the first week of the season. So everybody has a chance this week. So it's going to be a lot of fun. Fall season starts. The first game of the season was a huge upset. Detroit beat the Kansas City Chiefs, the Super Bowl champions. Nobody really expected that. Not even me. So I just expect tomorrow is going to be a lot of fun. It's going to be huge distraction. And these distractions are needed when the world is in chaos. We've got a war in Ukraine, which no one really talks about anymore. Despite the fact that the United States and Canada have sent billions of dollars in relief. Nobody talks about it anymore. Right? How often do you guys hear about the war now? Rarely, right? It's not even on the news anymore. Nobody talks about it anymore. It pops up when it needs to. That's right. They pop it up when they need to, like when they want to have another distraction or they want to have something to focus on. Other than what is really the most important thing. And what's the most important thing for families? Feeding their kids, putting food on the table, paying the bills, being able to put gas in their car. But right now people can't do that. So what do they do? They turn to Sunday night football. Because it makes them feel good when their team wins. Even though they're not winning, if their team wins for that short period of time, they can forget about their problems. A great example is when Argentina won the World Cup. The country is in disarray. Their economy is collapsing. Their dollar is worthless. But when they won the World Cup, everybody was in bliss. Everybody celebrated. Everybody celebrated. And everybody united in the country was great. Because Messi won the World Cup and Argentina won the World Cup. That was a great distraction from the reality of the fact that that country has completely fallen apart financially. I have a theory that Messi went to America because nothing bad about Messi. I love the guy. He came out of nothing. He was poor and he had a disease where he didn't grow the same time frame as us. So he did deal with the law and then he became superstar. So he has a nice backstory. I respect that a lot. But he went to America because Ronaldo went to Saudi Arabia. So we wanted that deal. But then I realized they're both taking these moves. Ronaldo there and Messi in America because they're getting a little bit older. So you notice that they're actually having a little more fun as they're playing both of them. Because they're playing against, you know, to them they're extremely good. They don't really have to try. They have some fun now. They get tired. And then as they do that I got to find some more new super stars. Yeah. Yeah. Okay. I want to move to the next topic. So the next topic is that El Salvador has created a Bitcoin revolution where Bitcoin has now been considered legal tender in El Salvador for two years. And this week they announced Bitcoin education for everybody in El Salvador. Which means if you go to school in El Salvador the teacher has to know how to buy and sell Bitcoin and the teacher has to teach you how to buy and sell Bitcoin. My question to you guys is this is El Salvador ahead of the pack and is the rest of the world going to move in this direction where everyone in the world in the future will be learning how to buy and sell Bitcoin. Nash Cowboy, what do you think? I think it's needed. I hope it goes to that. I do think it's definitely needed. People aren't taught finance as in general in school anymore. So obviously crypto is the future. We're definitely moving into that world whether we like it or not. So I think that the schools everywhere should teach that so that you're not losing out like crazy. Like most people do in the beginning when they first start into crypto. So do you see a day where every single school teaches the students how to buy and sell Bitcoin? Do you think that happens in the future in America? What's that? Say that again? Do you think it's a day in America where you go to class you've got lots of kids your kids go to school and they come home and they say Dad, I learned about Bitcoin today. Do you think that day is coming soon? Um I don't think I don't I don't think that they're going to be on the conspiracy side of things. I think they want to hold us that we bring other countries down a knot so that they're a little bit of separation between the American poor a little more separation. But I think it will come in the future, yes. Mark and Maverick do you see a day where in Canada they teach the students how to buy and sell Bitcoin in class? I highly doubt it highly highly highly doubt it and the reason I say this is because I made a video myself I believe I'm looking at the article right now actually in 2021 about the IMF stating if you can if you believe you're going to make Bitcoin legal tender I would think twice but here I'm reading the IMF had hit out of hit out at El Salvador in late 2021 when the Central American country became the first to adopt Bitcoin as legal tender a move that's since being copied by Central African Republic they're also a member of the BRICS so that last time we went live about a month ago when I was on with you guys we talked about BRICS using Bitcoin is a big possibility I'm looking at the G20 plan or decisions to me in India including guarding against excessive capital flows adopting unambiguous tax rules and laws and Brazil just made Bitcoin 23% tax I believe it's just taxed Bitcoin 23% so the countries in the BRICS seem to be adopting Bitcoin however with my own research I believe the Royal Bank of Canada has partnered with Ripple TD's partnered with Ripple and ATB's partnered with Ripple I think they're going in the direction of a Central Bank digital currency issued by Ripple so it's possible that Bitcoin could be legal tender for third world countries who will be able to adopt waiting a few minutes for transaction see my thing is why would they teach Bitcoin in school when they don't even teach us about finance that's a very good in North America they don't teach finance in school they've never taught anyone about budgeting they've never taught anyone about banking they never teach you about education financial education why would they teach Bitcoin in 1904 the Rockefellers they bought the CBE and they took out financial literacy so they purposely don't want you to learn about money and Robert Kiyosaki says that that's where I got that information was they don't teach you about money why do we go to school to get a job why do we get a job to make money why don't we learn about money that's what I didn't ever understand is so I was always the black sheep and now the honest truth I honestly think that Bitcoin could be targeted by NATO if the BRICS continues to push forward in this adoption that's what worries me is if Bitcoin is anonymous and can be used by anyone but what if we've seen that Russian billionaire the fourth largest Russian billionaire in the world died in an airplane crash in Russia and he held 1000 bitcoins in his wallet so if the enemies of my enemies are holding Bitcoin bitcoins an enemy so Bitcoin becomes a target that's what worries me is the strong anonymity of Bitcoin puts it at a potential risk because of the political spectrum and what's happening unfortunately hey Blaze are you there yes I am hey welcome Blaze Blaze what do you think about this do you see a day that they will ever teach Bitcoin education in America in the school good question I definitely think they will really yeah that's good because digital currency is not I just don't know if it'll ever happen the SEC doesn't even want to approve it to do anything they just want to make it difficult for Bitcoin and Ripple and cryptocurrency so I just can't see how they would open up the doors to Bitcoin education I hope it happens I just doubt that we're going to see it because here in Canada they don't teach any financial education whatsoever so I just can't see why they would teach people about Bitcoin but I would love to see it I think 100% that will because simply because digital currency is the next you know it's going to be the thing you know hey man I hope you're right we're going to be teaching about the digital US dollar, the digital Canadian dollar and then you know other options like Bitcoin like they need to teach it because in El Salvador Blaze they're actually teaching kids in school now how to buy and sell Bitcoin I agree with it El Salvador the whole country has adopted Bitcoin education teachers are teaching children now how to sell buy and sell Bitcoin in every single school in El Salvador I don't think we need to I believe this is going to make El Salvador the richest country in the world in the future because with the price of Bitcoin potentially escalating to a million dollars in the future could you imagine everybody in El Salvador owns Bitcoin what that would do for the country oh my god it will literally turn us into one of the countries in the world you know what it would do it would turn the tide on the current plan that's in motion by NATO and the current elites it will attack their system they won't allow it they have jets bombs there's no way they're going to allow a country that they want it to only hold 500 billion because they don't want them too strong because the country next to them and it's all planned and set in motion and it's sufficient and it's working so based on what they want so I'm like if something let's say that country all of a sudden has a 10x in their capital now they're richer than Apple and they decide to say we're going to shut down all Apple products so they start you know going against the tide they'll have power power is not good for the banking system if those people are not following their standards so I really I doubt that anything will happen I don't think I'll get away with it the IMF doesn't want it you're there for a second your volume went down this leads me to my next question Bitcoin price prediction BTC eyes soaring 20% rally will the bull run continue these guys are predicting a 20% rally in Bitcoin Nach Cowboy do you see that happening anytime soon not until after September I'm still sticking with my guns on it I think I think it might be a fast pump but I don't think until after September we're going to see a a total monthly pot and then October maybe I think it'd be a big pump in October okay Blaise what do you think do you see a 20% rally in Bitcoin coming soon 20% that's it this is what they're saying coming soon so probably like October that's kind of what I'm predicting what I'm thinking maybe there's going to be a pump 20% pump which from these prices would take it back up over 30,000 I could see that happening I mean if we can get to November on it we're talking maybe 30-50% I think okay I think it's going to go higher than 20% if there's going to be a run bro it's going to be more than 20% Earl says that he believes that it'll be 20% at the end of October yeah that's what I'm thinking maybe 20% but I think shortly after that we can see a $40,000 Bitcoin yeah I mean hey like that would be fantastic I think we maybe see a $40,000 Bitcoin right before the Bitcoin having that's kind of what I'm thinking that we maybe we see a nice little move right before the Bitcoin having into early 2024 to $40,000 and then when the Bitcoin having happens we start seeing it really take off you know getting up to the 50,000, 60,000 then eventually in my opinion in 2025 we're going to see at least $100,000 Bitcoin that's what I'm expecting I mean I don't know what you guys think but that's kind of what I'm thinking I feel the same way I do I feel 100,000 Bitcoin coming now it's funny because one article says Bitcoin is going up 20% the next article says they feel like Bitcoin is going to drop so this article states here that deeply concerned the Fed issues a serious $120 billion crypto warning as the price of Bitcoin goes through the death cross looming for Bitcoin in Ethereum essentially saying Bitcoin's at a price point right now where if it drops below 25,000 we could see a serious drop in Bitcoin so my question to you guys is this do you think we're going to see Bitcoin drop severely below 25,000 anytime soon we'll start with you Nash I feel absolutely I think I'm thinking in the $22,000 range is where we're going to see a drop to 21 maybe I could see that what do you think Blaze you think we're going to see Bitcoin drop underneath 25 and drop down to 22 some people say it might go under 20 again you think that's going to happen Blaze what do you think I'm not in this day and age no I don't think it's going to go below 22 I don't think it's probably even going to hit 22 I think that Bitcoin every time they drop a couple K people are buying bro they're buying it right back up I agree there's nobody wants to let it drop that 25 K that's yacht sale for everybody oh thank you you know so there's so many billionaires out there that are keeping this token going you know and I'm sorry billionaires Earl's in the chat and Earl believes that we're going to see a $35,000 Bitcoin by the end of the year and a $43,000 Bitcoin right before having and he believes that 25 K will be the low price 35% by November hey I hope you're right Earl I don't want to see it go below 25,000 that's what I'm saying the same thing as Earl by November yep alright let's go on to this next topic we're running through and we've only got a little bit of time left so my next topic is this inflation explained why prices keep going up and who's to blame Nash Cowboy who do we blame for the fact that inflation keeps going up and prices keep going up what health is this who do we blame now I think it all starts with the American government just printing billions and billions of dollars and giving it away and putting us farther into debt and they say that they have nothing to do with inflation but I totally disagree and then everything follows into suit with that along with the pandemic all that stuff I think it's all tied in together so if I were to point the blame somewhere starting with the elites but the puppets after that the democrat party okay thank you very good answer Blaze what do you think who's to blame for this crazy inflation and rising rates of everything going up the one and only culprit the Fed blame the Fed blame the Fed well listen the Fed and Nash talked about this the Fed printed crazy amounts of money and gave people money knowing that that would destroy the economy but they did it anyways now the only way that they can fix what they created by printing all this extra money is by raising rates and squeezing the same people that they gave money to stupid terrible idea the problem is they donate billions of dollars and to other countries right now that we can't do that for of course we don't even have billions of dollars for ourselves but yet we seem to always find money for Ukraine Canada and the United States always finds money for Ukraine but yet we got no more money for our own citizens we're taxing our citizens while we spend billions of dollars to the Ukraine doesn't make any sense to me they give it they donate money that we don't even have printed yet and take it back from us I mean of course inflation is kind of skyrocket okay guys my last topic before we say goodbye we're running out of time the SEC counters ripple in effort to appeal groundbreaking XRP ruling I'm starting to get sick of the SEC I'm tired of their nonsense what do you guys think about this the SEC loses a case against ripple and then they appeal why can't they just take the loss what do you think this is Nash like when are they just gonna take the loss man they're just trying to gain more power over the whole crypto economy XRP obviously being their top priority because because it's worse than their ass so I don't think they'll ever take the loss they're gonna keep trying to force different regulations upon all of it so they're either gonna lose or they're gonna keep trying to win all for power everything good first bad it all comes down to power power and control in every circumstance every avenue of life it all comes down to who wants the power who wants the control well said blaze what do you think why is the SEC constantly fighting everyone and losing and then when they lose they appeal they can't take a loss they always appeal what is this all about bro it's simply crazy I hate the SEC SEC if you're watching I hate you right it's one thing they want to put a monkey wrench into the engine I'm telling you dude they are going nowhere with these lawsuits okay 100% so if they just backed off like little pansies right it looked like they were just front okay so the reason why they're appealing is to show that they truly believe that this needs to be done and also to let everybody know they're not going to back off and they're just going to keep on putting needles in our balloons so if I was everybody watching and everybody in this concern about the SEC every time I hear about them I just think it's like you know like a fictional character book or something it just doesn't make sense to me I don't believe in them and I don't think they're ever going to do anything I don't think they're going to get anywhere no I agree with you I mean they lost before they're going to lose again money what's changed nothing's changed so I think the SEC is just spinning their wheels trying to create drama trying to create a distraction and that's what we're living we're living in a world where we're getting squeezed by governments and they distract us with sports you know they distract us with news they distract us with devastation they distract us with natural disasters it's like that's all you're right Rich that's all it is one more distraction for the big election coming up yep and keep our minds off of inflation and blame it all on crypto and you know you got to point a finger at somebody so that's obviously the weakest chain right now you know it's crypto currency alright guys I just want to thank you Earl for being in the chat Earl says the SEC is the rich man's tax system from government I agree with you SEC just give it up man everyone's tired of hearing you guys everyone's tired of hearing you guys complain and cry about crypto just let it go I want to thank you guys for joining us today Nash Cowboy Blaze, King Earl in the chat Mark and Maverick I don't know what happened to you but you're here thank you for joining us too we got guests from all over North America hey guys for those of you guys that are watching I must remind you there's always a bull market and bear market somewhere and we're going to be here every week to talk about it thank you for watching you're not winning you're probably not watching we bring you the winners, CO interviews breaking news, trending topics engaging shows with great guests and we bring it to you first thank you for joining us today gentlemen and we'll see you guys next week thank you everybody thank you guys for watching and enjoy the football tomorrow let's go cowboys just one more day for distractions guys