 All right, so I cheated and as Katelyn was talking I started some Some different comments and there's some pretty good ones Dave Jensen says lately I've been logging in in fear that someone had bad happened to uphold Seems like a cancer these hackers why is no one in jail yet? And this is the thing I've been talking about you got to make your voice heard I know some people gave me a lot of guff for talking about Reporting these these scams and these rug pulls to the New York Attorney General. But look Evil flourishes when good men do nothing So we can just let this crap happen or keep happening or we can speak up and say hey look This is what's going on and this is happening and hope it doesn't happen again So yeah, just be careful out there and try not to use them any hot wallets You can possibly can use a cold storage wall makes the description Carrie says bots thwarted. I guess there's bots attacking the other bunch of bots in the chat So thanks to all my wrenches and admins now. There's a reason why I gave out like 50 wrenches So people could deal with it because doing great. Thank you Katelyn says I'm here. All right Mental act mental act Home prices are going down but black rock has been buying up homes below 500k. This is the thing. That's that's really concerning to me We just did that video or that the video We said at the article about black rock how they waited for the right time to get into crypto, which is when everything was going, you know Down I mean we're at like a 75% correction from the Bitcoin all-time high It was a beautiful play great good for them The thing that concerns me though is that black rock and other institutions are really buying up Housing throughout the entire United States and probably globally if you want to take a look at it the question then becomes If they have so much in their balance sheet and they can't get rid of it My question was twofold the question is if they can't get rid of it And it's on their balance sheet and it's liabilities and it drags down the company because there's that separate division Will those things get you know sold off will it be another bailout or if they're buying these houses to Resale that's one thing but the second thing and the more nefarious one is if they're buying all these houses to rent out Well now you got a bigger problem because they can set any kind of rents that they really want to especially if they are the majority holders because imagine this Here's a great point actually. Where was it? From robbing damn I've just been looking for a rental here in Santa Cruz, California paying $2,000 for a tiny converter garage with no yard And that's super cheap no relief in sight even lots go for a million So the question then is if you have these big institutions and even black rock with 10 trillion assets under management And they're setting all the rates for the rent How far out do you do people get priced out and can they actually be a part of the whole system or just go? You know what I came rent because I'm priced out of this whole situation It's uh, it's a scary thought and it's one that can become a reality real quick. So This we'll see Let's see architect jeffs's real estate may be affected on macro It also depends on the micro economy. That's true. It's all local Um, but there are some places that we talked about Miami Austin and then katelyn can really tell you the ones that's how everything's doing in uh, phoenix Uh, this is a good question for katelyn Uh, katelyn you're have builders stop new construction That's a good question. I know here they haven't in alpas. So they haven't stopped the construction Totally, but they've gone away from the nick mansions and they're going for smaller houses Which I think is a good idea especially if the average house cost is 405,000 If they say well, we're gonna build a 405,000 dollar house They're just gonna lose their ass because What's gonna happen is people aren't gonna be able to pay for that and have to hold on an inventory But if they build a house for 250k, they can sell those pretty quick just saying Ah, let's see what else This is a good point You goon That's why i'm letting mine go see in two years. This is how i talk to paul barone From the paul barone network. He lives in miami been there for years and years and he was telling me that a lot of the uh Upper echelon of people With multi-million dollar houses were selling their houses back in november december january and they were moving out And getting just smaller rentals because they knew what was gonna happen. They sold at the peak They get a nice new rental for a while They wait for things to come back 25 35 percent reduction and they buy right back in and a nice little profit over two years It's not a bad idea actually So that's what we got. Let's see. So that was the starred ones Let's see what we got here Ah, this is interesting Joby rentals gone up a ton in my area. I live in pennsylvania and west virginia about 50 52 and two and both have gone up dramatically Again, that's not good That's really not good Uh This is what i was trying to remember not this one Well, jared a lot of celsius critters came out the other day. My name was on it even though i've yet to file a claim Yeah, i know celsius Worthless Uh, where'd it go? There uh, this one right here gary gary reed backing tracks Uh, how do you feel about the 18 and a half year real estate cycle on tugger for a 2025 2060 I'm a big believer in cycles. Take a look at fourth turning. Take a look at the four-year cycles actually You don't even have to imagine it I'll throw it up right here the four-year cycles for crypto goes like this I think everything goes in cycles and just like what katelyn was talking about there's the normal cycle that's going on right now So just like in crypto we had a halving in 2012 for bitcoin then in 2013 an all-time high of a thousand bucks for bitcoin a thousand dollars Then a dip and a reset same thing happened in 2016 2019 and the same thing just happened in 2020 2021 We hit the all-time high and we're going into a dip and a reset. This is what i'm waiting for this part right here Which I think we got to wait a little bit to go but don't worry Because then we have a halving all-time high dip reset. So the question then is What gary talks about 18 and a half year real estate cycle on tugger for a 2025 crash. I don't know That will be something to see how it all plays out. Hopefully We see a downfall or a downtrodden for 12 to 18 months then bounce back katelyn I believe talked about for like a year or so and then it bounces back. So we'll see i'm hoping for that, but I don't know. I don't know especially for cycles non-meme Socratic method of decrease Hi rob you were right america is not the center of the universe. That would be great britain. Remember to us You were just an x colony Yeah, you know what I sense a I sense a message to guy on the 4th of july it was a monday I said hey have fun working We're just taking a day off Little dig. Yeah, let's see Ah, okay Katelyn says I see a correction, but not a crash Definitely cyclical especially coming out of the unsustainable market the last two years. She's right I mean we see that's That's why in our market. We see these cycles condensed and so fast four-year cycles is a very long time You really think about it If you take a look at the the economic output for america the last time we had a pretty big downfall downtrodden, I mean Going away from covet which was just a black swan event 2008 and nine since then we have we had a robust uh economic output for 12 years or so and now here we are So these four-year cycles I think this because we're so volatile everything just just just so condensed But we're we make it unsustainable every four years because it heats up so fast That's why like you see like bitcoin goes from a thousand to 20,000 and 60,000 and then of course next cycle Who knows what it will be so I can see how Well, maybe it's just uh Real estate was unsustainable for a bit now. It's just a pullback. All right Ah, this is a great question Do you see the up and coming water shortage is playing a bigger role in the real estate markets pretty soon They won't be able to supply enough water to places like arizona california not to mention los vegas and lake mead those types of areas You know like I know a lot of people Give a lot of guft to michael burry in a big short, but one of his big One of his big plays is uh, is is water And he believes that there's gonna be a massive water shortage, but he's been saying this for like seven years and I can see it actually happening But again, it's not all doom and gloom look around. There's some there are some good parts Let's see, but babe I am house poor because I live in my car if I save a lot of money. I'll tell you that Jiyong chow, do you ever look at credit card card debt for the retailer? I feel like people are not looking in depth on it and sleeping on it. You think people are Over-leveraged and might see avalanche of delinquencies. That's a good question for kaolin me personally like when we bought this house in 2003 Four five somewhere on it doesn't three. I think it was 2005 Our interest rate was six points eight six almost seven percent. We thought we were getting a steal And then when I walk in the bank like Sir, what do you do until I'm on medical industry? Pharmaceuticals and things and medical device sales like oh, okay. Well, how much do you make? I told him like okay. Good enough. You're approved for this. I was like, that's it. He's like, yeah, that's it You can do it and I was like, wow, that's unsustainable and sure enough it was so I guess the bigger question is really how Back how far back are banks looking at things? I haven't gotten a loan for a while Another macro question love from india I just want to know what's your opinion on possible china versus taiwan conflict and curious if your monitoring has made crash entire summer look I think we all know what happened with the russia ukraine war if we if it's if it's america versus China I'm not concerned about the market because everything else will crash There'll be that'll be that'll be world war three So We'll see how it goes out. It is amazing that nancy polosi just said, you know what I know what the president says I know what my party wants me to do, but i'm still gonna do it We'll see how it plays out. I wonder if what the reasoning behind that was There's got to be a reason Right, right. I don't know I Y'all been in a boom for a decade exactly bobby shouts uh top three exchanges still standing up over the mess finance ftx and probably coinbase and okx And you know if you want to find out some of the top exchanges Let me show you there's a website It looks like this It's called nomics and nomics.com and you can you can Scroll through and filter out By the percentage of volume as far as like trades. They do a rating system Just as far as like if there's any kind of audits any kind of shady behaviors The things that are going on behind the scenes the number of trades percent of trades and pairs And you can see that Let me let me you can just see that the volume just by volume itself finances just this is just today Just today 58 billion coinbase is 1.7 billion okx is 14 billion. Let me just sort this by volume How about that? I don't know what bit well is never heard of them finance bit well okx ftx by bit being x who will be global and then But you also have to understand that some of this volume is just back and forth and not really So if you just take a look at this every day, you'll kind of get a an understanding of Which ones are the big ones and which ones are not that is interesting Coinbase all the way down here 1.7 billion. That's still a lot anyhow. Good question Let's jump back No, it's a good question. Hey, Robert. He was in white again. So kishi is dumping so hard I'm not sure you've already talked about this. We went from 42 cents all in on 30 cents. I wonder what it is right now So again, so kishi if you don't know This was uh, we we have a second channel. It's called dan de jen Which if you want to gamble that's that's the channel to go to that's really just for a bunch of gamblers and Wild wild west shooters and one of those was against the kishi that I covered man. It's really gone down 23 cents So We talked about this we got in at around a penny penny and a half or so but you can tell over the last 30 days there's been quite a drop off About to find out why Maybe there's an unlocked schedule Maybe it's been and they're dumping on the market. It could be a Reason or a rationale. It's still a good project, but expect extreme volatility moving forward But good question. I'll let you know when I figure it out myself Can't tell you what I I'll tell you what I know what I don't know. I don't know Oh, this is good Sean says I've lived in Miami for 15 years post covid rent and housing pricing is scary local economy income doesn't support it Pushing at the original locals in the local culture. Yeah San Antonio It's not as expensive as Austin will say but if you want the cheapest come to El Paso That's the most inexpensive place you can go to Let's see. What did I miss? Shoot. Sorry. I missed a bunch of questions Tnd John Steve Kalshowitz Oh, yeah, Kraken. I use Kraken I just wish it had They use an ACH type of platform so you could Uh connect your Your bank account. Unfortunately for me for some reason doesn't work. I have USA. I don't understand why that doesn't work Or does it but I like Kraken. I like Jesse Powell Uh the CEO Those they do good things That's a good question. Why do we allow companies to buy houses that should only be set sold to citizens and individuals? A free market That's how it goes thoughts on michael sailor stepping down. I don't think michael sailor even For micro strategy. I don't think he was really into it anymore. He's just he's got a clear path Same thing with like jack mollers and And uh people who just start to dedicate their life to bitcoin. They just they see bitcoin. That's that's the only way and uh, it drives them again It's not so much about how much money you make it's it's what drives you in your in your day-to-day operations And if it's not your job or if it's not your business, then it's time to get out Unfortunately, some people can't get out some people are stuck in their jobs. I believe me. I used to be there It sucks. You don't want to be that guy or that gal That's why it's important to You know try to dabble into the investments assets Don't uh be cash heavy all the time. It doesn't really doesn't really work like that in the long term. That's just me though Let's see Oh, yeah Ron says do you think the all coins that are already negative 95 percent can still go down if there's a world war three? Absolutely And if you think that bitcoin's gonna be above 10k in uh world war three Might be a fantasy world. Some people will say but probably don't understand. It's the it's the hardest asset out there. Trust me there's enough In here, we are in a bubble You have to understand Go outside and talk to anybody about bitcoin and how much they believe in it and they understand the philosophy They understand about hard money. They understand about fractionalized lending from banks They understand about inflation and how that and the detriment that causes they don't know And if you think that people are gonna put their faith into bitcoin We might We will for the most part, but a lot of people out there I like nope Cash is king. I will keep cash. They'll even go to gold. They'll go to silver because guess what and if it really goes down the tubes That's what it'll be now at some point. They'll figure it all out But I don't think it's gonna be if world war three happens tomorrow No one's nobody's taking nobody's selling all their their assets and putting everything into bitcoin and saying it'll be fine It's still a risk on asset Oh what Jeff comes here with the fire rob did you see voyager's new presentation stack today better offers than ftx's and Plans to be done with bankruptcy by q1 2023 that's great news And uh, thanks jeff for doing my job That's great I like to hear these things because the ftx offer was not the greatest and I read somebody was saying it's it's good because Voyagers, you know slumping so hard. I didn't think it was that great. I think they could have done better Looks like they're going to do them better. So great I will do a video on that uh Let's see china had two aircraft carriers. Yeah, and they also they also fired missiles What are you gonna do? War is big and I'll leave it like that. I'll leave it with this what bobby shouts says war is big business and It's amazing how like when you have an economic downturn How war suddenly becomes the answer just saying All right. Well, anyway, that's it for today. So everybody It's been 50 minutes almost an hour. I need to get out of here And uh get some things other stuff done. I gotta definitely take a look at that presentation for voyager But look two things if you like today's video give it a thumbs up. You can subscribe. That's great But you know, I'll be here every day. So just stop by also if you want to check on uh for katelyn mckig her real estate YouTube channel It's a there's a link in the description plus the video that she did We talked about the macro events that are going on and real estate important to watch interesting stuff and condensed and concise So that's it for today. So look, thanks everybody for stopping by do appreciate it And I'll see you on the next one. Adios