Thank you Foreign foreign Oh brother, Good morning, good morning, good morning it is. Friday Duck Shirt day it is Friday April The 14th or so I Am told we're getting retail sales in about 15 minutes. We're getting a slew of Bank reports such as JP Morgan Wells Fargo which actually both just beat. So we're going to be diving into that I have a little bit of a interview.

a little bit of a fun thing we're going to be doing this morning after the retail sales report drops. but overall the Market's looking pretty good. Have you guys seen crypto? Crypto's ripping off faces right now? What is it at Bitcoin's chilling at almost 31 000, but Eth is up to 2001. Eth is ripping I might be close to being back to break even well I would if I actually had my crypto but it's still locked up in Voyager Does anyone know about that? I feel like I'm the person who's supposed to know about like Voyager and finance and telling you folks it um but every time I look into it I just get sad and think about all the money I no longer have um so do any of you know and like is that money coming back? Is anyone on like? is it in binance yet or is it not going to be in finance? I think I read something that like a judge like stalled the case out and something like that.

Is there any idea of what percentage we're gonna get of our crypto? Um, people help me Rumble President says don't know Wells Fargo got it. svb letter blood down. the Duck shirt is fire. Not a clue.

No money, no comeback. All right. Well Sam you're kind of making this Friday a little bit less exciting. Super negative.

Did someone say cocaine I don't think anyone said cocaine. maybe though it is a Friday it is a nice summery feeling Friday For those of you who are in the Big Apple the city that never sleeps the City of Lights the windy city of Manhattan It's like hot out today. It's like an 80 degree day. It is cooking outside today.

Um so I Hope wherever you guys are in the world I Hope you're enjoying a nice summery vibey type of a day and that's why we're rocking it. That's why we're rocking something with such a a fresh style fit. You know you don't see this too often. Name another content creator that's rocking it rocking a duck shirt like this.

Name another Finance creator that has the balls to have such top tier fashion. It just doesn't exist. It just simply doesn't exist. All these other people in the finance sector, they're buttoned up.

They're like they just don't have a fashion sense. They're not fashion forward. See, that's the real difference. Is like, do they know more about the markets? Probably.

Are they better at trading? Probably. Are they just inherently better humans? Yeah, most likely. but none of them camp out on the frontier fashion the way I Do you don't even want to know what I mean? It's just it's this shirt and then I'm wearing basically short shorts. Uh, and that's the fashion pick for the day.

That is the fashion pick for the day I broke down in Indiana Well, I hope you can get that fixed in. uh folks. 11 minutes away, we get retail sales retail sales dropping at 8 30. Uh, there's gonna be a little bit more volatility in the market.

Two days ago we got the CPI report. Yesterday we got the PPI report. Today we are getting retail sales and then from there we're going to hear more about Banks Uh, we're waiting for all the banking stuff to kind of play out this morning. Thus far the tune is pretty good.

The song that is being sung is won by the Bulls so we are going to be listening to that. We could check a little bit in healthcare. uh I don't know how necessarily. uh I think my algo has been trading my Futures bought uh, not looking the best at the moment.

one as long as one it's short which is awkward. Uh, maybe I'll knowing my local simultaneously lose on both. The Algos are not doing well this month they did well last month, but this month they're pretty much giving back everything I gained last month. So I should probably take some time to figure out what in the world is going on there.

Uh, but folks I Hope you've had a good week. It definitely has a Friday Vibe Honestly, yesterday had a Friday Vibe I Don't know if anyone else is out there on the same brain wavelength as me, but I've Tuesday Wednesday Thursday I've pretty much treated them all this Friday and now that we're here at Friday, it's like a legitimate Friday uh so it I don't know I'm sure someone in here is like yeah I know I've been getting that Vibe as well, but here we are. Uh folks, it's Friday So I didn't go to the gym this morning I didn't do any ice baths this morning. This is just kind of my rest day.

and by rest day I basically mean after this stream I Talk to my producer. we figure out videos for the weekend. pretty much start drinking at 1201 then I go outside and yell at the birds on the street because I know that their government spies then I generally go to dinner. It's just typical Friday type of a stuff.

typical typical Friday type of a thing. I Hope you guys had a good week I Hope you're prepped up for a fun weekend before we get into the crazy like Market related is anyone doing anything fun this weekend? Is anyone going on like I don't know. like a wedding? a big vacation? Maybe you're going to laser tag? Do we have any laser tag plans in here? We should do a giant Moon gang laser tag. Do you think we could talk a Texas Roadhouse into letting us rent it out to play laser tag one of these days? Like a super competitive League of Laser tag? Uh, if you don't ice bath then oh, that's for sure.

If there's any anti-ice Bathurst in here, you're gonna get banned. There's a couple things we we put up with most things in here. We're pretty flexible. We're pretty understanding.

We're pretty open-minded but if you're anti-ice bath, you're You're going to get booted pretty quickly. I'm building railings for my second floor. That sounds fun. That's like right up there tin foil goes that is 100 right up there.

Competitive laser tag just stands in front of each other. I Have a go tag for Northern Alaska Excited Chris of Kodiak Dude, what time is it for you right now? Is it like three in the morning? Nick No Chris sorry Nick was ready to love you Chris What time is it? You're up way too early. Man, you should go back to bed like I Get it? I Understand that I'm your favorite content creator in the world, but like this stuff's being recorded like I think you need to get your appropriate amount of sleep and you could always watch this. Granted, we want 4 22 a.m you're probably up ice bathing I Bet you sound, you're giving me the vibe of a guy who has his life all together like you're eating well, you're not abusing drugs or alcohol.

Your ice bathing, you're doing some meditation. Chris from Kodiak I don't know why I Feel like he already deserves a gold star out of the day? He really does Chris of Kodiak Shout out to you brother, you're getting your gold star. You just you have the vibe of a person who has his together. and I appreciate that I really really do recruit Kramer for laser tag gig.

He's probably not that far away from me in terms of distance right now. I would assume he's like maybe within a mile of me I wonder where Kramer's at Kramer's probably getting like everyone who's invested in Boeing is pissed off I Don't know if you guys have been catching the Boeing news, but he's all like I love buying, blah blah blah blah blah. and then of course news came out that they're not delivering on their like 737 Maxes or something like some sort of I don't know miscommunication, logistic issues. So Boeing's getting destroyed right now.

Once again, the inverse Kramer Absolutely destroying, absolutely destroying is Matt wearing a duck shirt 532 On the west coast How many people are in on the west coast like I Know there's a lot of East Coast people in here because like life is just easier, it's already almost 8 30. But I'm like we're dealing with people on the west coast. we're dealing with people in Alaska I don't you guys must be super degenerate. Like to get up and be like trading now like you have a problem yo.

Chris from Kodiak became a space ape dude. he really has his life together now I Love Riley in the back she is looking so fire fire fire. Oh the snowflake mods Seth trying to act like he's a fan of Riley Reed yeah, that's my business partner if you look at the thumbnail, um, the woman in the thumbnail is my Texas Roadhouse franchise co-owner uh who went to bed after midnight? sounds like you did. my producer who I don't think is slept yet.

how's my Cactus Ned uh, he looks like he needs water I haven't fed him in like weeks now so that could be problematic. Uh, thanks for the reminder I should actually write that down before Ned dies Ned's had a pretty tumultuous life honestly. Uh, let me hang on. let me put that on my to-do list.

Oh water Ned All right, it's written down. it's gonna happen. Uh, we're five minutes out from retail sales retail sales being reported. How's the market looking? The spies looking good Tesla came down about two bucks I Had to cut my spy and my Tesla puts because both of them broke right above at the end of the day.

pretty much right above my resistance or my risk level. So I cut those so I just have all that premium that I sold. uh Tesla Anheuser-Busch Banks are up First Republic JP Morgan I Mean things are lean and bullish. The seasonality of today is also bullish.

I don't know. could be an exciting Friday could be an exciting Friday But first, let's wait for those retail sales to come out a couple minutes. then uh, we're gonna be on CNBC a little bit just to see what they have to say about the banks and then we're gonna have uh Adam from True Trading Group to come on uh to share some of the stories of the types of things he did before True Training Group because it basically relates to uh, penny stock promotion and I want him to share some of the craziest stories because in that world like it's more wild than you can think so like we'll sit here and we'll look at that. It's like a that's a pump a dump that's a pump and dump that's a pumping like that type of thing.

Um, but he actually knows some people that have like been in that world related to IR like investor relations but he was doing it for smaller companies and the money that gets flown and the crazy things that play off. um he like facilitated these deals and the people that he worked with. your jaw will be on the ground like it's absolutely insane. So I feel like that's going to be a fun like Friday s thing for you guys to learn about how like gnarly that world is like when people are talking about pump and dumps.

Yeah, sometimes the price action is just like it pumps, then it dumps. Other times people are literally being paid to do that like so for example, uh, recently with Gns uh, that was Roger Hamilton the dude who's like, oh, naked shorts. That's the only reason my company's down blah blah Gns. That ticker literally paid for analysts to upgrade their price Target And that was part of the rip.

and now it's coming down like a legitimate paid pump and dump. So there's just crazy, crazy crazy things that go on. um and I figured hey, it's a Friday Things were a little bit more chill so we might as well for a little bit. Um, let me switch.

How is five things to know? We know that we know that we know that banks are looking good this morning. We know all of this. We know this. I'm just getting everything set up for you cool folks today.

Uh, Eth is looking really good. Where am I at? Um, hang on, let me switch this over. Okay, yeah, I'm sorry about that I Just want to get on the right page. All right, Retail sales will be dropping uh, momentarily momentarily.

We have to do just so you can see if you haven't seen the market yet looking pretty good. Let me get this set up so you guys can see the time. We have about 90 seconds 90 seconds until the show really gets rocking today. If you haven't already, destroy the like button very much helps out with the algorithm on YouTube very much helps out with the battle Leaderboard on Rumble Most importantly, if you're watching this right now I Don't know how many people are tuned in by now.

Maybe we have a thousand across both platforms. If you haven't already subscribe on Rumble We are rushing as quickly as we can to 69 420 subscribers. When historians look at this period of History, they're gonna delineate it in two different ways: The people who subscribe to Matt Cores before 69 420 and then the people who subscribe to Macors after 69 420.. And my only piece of I guess a philosophical question for you, if you will, is what group do you want to be in when history is written? What side of History do you want to be on? Do you want to be in the group before it or after it? It's up to you.

Maybe you have good reasoning one way or another, but it is all 100 up to you and I'm just presenting the opportunity I Mean you could lead a horse to water, but you can't make a drink I could show you where this Crystal Clear stream is. but folks, it's up to you to drink it. Why is this not? live? hello, Why are they still on break? They're probably trying to order field Rick Santali uh and apparently. dude, what are we doing here CNBC We're missing the action.

it popped. it came down. There's scariness involved. My algo is trading apparently I lost on the oh there we go a little late today there Rick There's Rick this is the advanced look so it will change down one percent.

much less than expected. The last time we were down one big Rick energy that is the weakest month over a month since down 1.1 in November of last year. And if you strip out Autos down eight tenths of retail sales down, we're expecting down four tenths. Down Eight Tenths is the weakest.

Well, you have to go way back a bit. You have to go down to the last month of 21. decent 21 x autos and gas down three tenths are also a bit better than expected. Actually, we're expecting down six tenths.

And finally, let's complete the four negative signs in front of: Market doesn't seem to import prices for March down six tenths month over month. If you strip out petroleum, still discuss time, why don't we do import price year over year, year over year. looks are good and this one is a Whopper minus 4.6 minus 4.6 if we look at export prices now, shift gears month over month down three tens, year over year down 4.8 So pretty much everything I've said today had a minus sign in front of it all: import prices, all export prices, all metrics of retail sales. The good news is is that we started out the year with a rather strong retail sales number.

But if you're looking at the rate of change, maybe something to pay attention to, we talk about funding of banks. What about funding the consumers? Oh, and by the way, the Atlanta Fed wage tracker for the month of March moved from 6.1 to 6.4 So not all the news is good with respect to prices and yields. Continue continue to Market Coming back a little bit points I just gave you. But do keep in mind we're 347 for a 10-year It's settled at 3 45 yesterday, but it's settled at 3 39 last.

Friday Joe Back to you, all right, that two-year loves two percent. Uh, we just want more risk. It's like a magnet. thanks.

Rick The CPI and PPI inflation were the two biggest economic reports of the week, and yesterday we learned a core producer. prices actually fell in March It's the first time in three years that that's been the case. To talk more about how this Fed views this data. How this fed views this data Steve Leesman is here.

Steve joins us our second favorite special guest. Yeah, just before we bring my special guest in I Want to say something a little bit? my be counter-intuitive here. Okay, this number here on retail is a bad number. It's a decline.

It's minus one percent. Technically though, it's not as bad as it appears because inflation was negative on the top line, right? So you actually this is one of the few months we're going to add back. So it's bad. It's down.

and it's down in a lot of categories. Uh, it's down in building materials. it's down in Furniture It's down to Motor Vehicles It's definitely a sign of weakness in the consumer, but you want to attenuate it or otherwise limit how bad you think it is because there's an ad back technically this month. Now it's and bad is good, so don't worry about it.

Let's uh, ask somebody about that Joe we need Rick I Just want to add that back in or take it out. however you want to do it. Joining us now Austin Goolsby The new Chicago Fed President Austin Thanks for joining us as an official. Um I Think the most important question to ask you right now is how are your jokes going over at the Fomc? Are they laughing at you or that what? What's going on laughing They're laughing at you? What's that? Yeah, they're laughing at me.

That's definitely true, which is not what we've been doing here. So welcome back to the table here as an official. Um, you recently wrote a uh or gave a speech the other day. Austin That talks about the FED not raising too aggressively and I'm trying to understand more about what you meant about that.

Does that mean not doing additional rate hikes from here? Um, or does that mean not doing a lot more from here? Could you maybe put some uh detail around that comment? Yeah. Steve Look the the detail around the comment is at a moment where you got Financial stress and you're getting Financial tightening from Banks trying to conserve capital or or trying to strengthen their their own Side Of The Ledger That does the work that normally you're doing a monetary policy. So Fed's got a job to maximize employment and stabilize prices and Fed's going to do that job. If the credit conditions are doing the job for it, you you want to be mindful of it and and not be too aggressive.

We still got several weeks before the Fomc meeting, so I I don't want to specify to the basis point exactly what is that going to mean for uh, for what um I would be for at the Fomc meeting because I still want to see that that's the best spoken individual. Let's just be mindful that we've raised a lot. It takes time for that to work its way through the system and you with this retail sales number, you may be seeing a little bit of that lag. and if you add Financial stress on top of that, let's not be too aggressive.

Give me your impression. uh Austin of the uh uh I guess it should be President Goolsby Now, right? No, it's Mr President Mr President that's Heir Doctor President Plenty. potentially. He's made it very clear that I need a lot of respect President: The money you still owe me.

Yeah, Okay, trying to keep this this interview from going off the rails. Questions for a second President: Goolsby Mr President Mr President Um. impression of the true inflation reports this week and your outlook for inflation over the next several months, please. I I Think inflation is coming down? We've got.

We've still got this. Is it a cloud? It's probably not a cloud anymore, but this this issue of how much is coming from demand and how much from Supply You've seen the supply chain constraints easing across a lot of sectors, so that's been helping bring inflation down. but you've still got clear stickiness on some parts of the prices. I Think when you see the producer prices coming in as big negative numbers and you see these negatives on retail sales, you don't want to overreact to.

Short Run News, but it feels like that's moving in the right direction. The one thing I will highlight. All right. Here's what you need to know: Prep up a little bit for the market Dow Futures gain after better than expected earnings from JPMorgan United Health and actually some other Banks as well As of now the Dow the S P are slightly in the green, pretty much net neutral.

We are currently trending right down, so things were up because of Banks and Healthcare now coming down a little bit because of retail sales, but overall pretty much net net. Um, you have oil still chilling at 82. What you need to know about today? First of all, if you're not signed up for the newsletter, sign up for the newsletter. I Just do it or you're just going to frustrate me.

I Don't know. Let's just do it. Just just do it. Just do.

It's free. Just do it. You could get premium access for putting the code. goonie, so do that.

Uh, but what you need to know is we have a couple other things coming out at 9, 15 and then 10 a.m business inventories consumer sentiment. We might want to pay attention to the consumer sentiment uh Waller is now speaking in like seven minutes. five minutes. something like that.

But the main thing is retail sales and as of now a slight hit. Here let's open up the Futures Market a slight hit but it like it is coming back right now so nothing too too crazy. What I do want you to know is from a seasonal perspective. Today is now leaning bullish.

At first up until about 15 years ago, this was actually a bearish seasonal type of a day. But as you can see as of recently, uh, we've actually had a nice Trend To the upside, about 50 50 win percentage profit factors now 1.31 So I would argue the seasonality is leaning bullish and I'm trying to say about anything else in here. Okay, we are good to go. So I just want you guys to know that we can get into this in more detail.

Uh, a little bit later. but you really really need to know is Banks did well. Uh, JP Morgan Chase Post record Revenue that tops expectations on higher interest rates I Also want you to know that I want to get the exact numbers right. Where did I put this? Their deposits actually increased to 1.6 percent and the magnitude of that number is 2.3 trillion Wells Fargo deposits dropped 1.5 so JPMorgan up 1.6 Wells down 1.5 But if you look at their deposits, they're still cruising at 1.36 trillion with the T So Wells Fargo also doing pretty well.

Uh, this is by no means a bank, but it's a big important health insurance report UnitedHealth raises profit view as lower medical costs Drive quarterly beep So in turn, this is it. We are at the start of earnings Seasons There was a couple earlier this week, but really, today is the major day. Yeah, yesterday we could pay like Delta that's important. Uh, but this is the start of it.

This is the start of earning season. so over the next two to three weeks there is going to be some big big name companies reporting there's going to be more volatility due to that in the market. So be paying attention in the newsletter. I'll let you know all the ones that seemingly is important to our community uh, for all the days and when the earnings are and obviously the market events.

And on top of that, I'll give you this seasonality so some good useful stuff in there. Once again, it is free, but buckle up because it's always always something fun happening in the market. Just so you know, after the reports, we're still pretty much cruising up to 70. Pretty much a 70 chance of Wednesday May 3rd The results of the next Fomc meeting of getting another 25 bips, right? Hike.

Uh, about another quarter rate hike. So we are. We're going to talk about some other things such as ether absolutely crushing it. We're going to talk about the Washington Commanders and who's selling the rights.

Who's buying the rights. But with all that, let me see if we are ready for this. uh to do wait. A passcode.

A passcode. There's no passcode for this meeting. A passcode. Let me get Hang on.

We're having some Zoom issues. Uh uh. I Don't know what is going on here. Copy All right.

We're just trying to get that figured out really quick. Zoom Zoom's just be in Zoom old Zoom Maybe it's just me. Maybe I'm just the Boomer Who doesn't know how to use Zoom? What am I Why I never have a passcode I Don't think there should be a meeting pass code sent the full invite try I'm awesome I Like that Oh I Hear someone? hang on I Think we might be working I Think this might be working? Let me see. Let me see.

Let me see. Let me see. Can you hear me? Adam Yeah I Think we are good folks on the screen right now is the second half of true Trading Group I Know many of you are even familiar with that, huh? Mike Well so many people know Mike because he's come on here before. Um, but I'm happy to have you on today just because we can kind of about whatever.

Dude, it is so bright right now. Um I mean it's for this whole week. it's been like the apocalypse outside. it's been like you know those live videos on YouTube that have the the like.

just the beats that play like the study beats and like oh that's how it's been in my office for like a straight week and then today it was like you know I mean it's fitting because I'm Jewish and I kind of feel like this is like me being the chosen person. it's very Angelic for sure I mean there's like a hater I know that it's not the most professional, but you know I'm not I'm not trying to win a a Peabody over here. We can't all be on screen with Jon Stewart I'll just pretend I know what a Peabody is. So for the sake of this conversation, but I I'm not the most educated or literary person out there.

but hey, I'm loving. This is so awesome. All right. Oh wait, is there some feedback? Can we pause that? Is there feedback? Yeah, yeah.

All right anyone. How about now testing testing? Yep. Yep. All right.

hang on me. Well I'll refresh. give me a sec. or actually yeah, people are asking if you're needing to summoned to heaven.

How about that? Is that better? testing? Yeah. Perfect. All right. cool.

What are people asking? uh, if you're being summoned to heaven? I'm not sure it could be a trick. I'm not a very trusting person. uh hey. I mean let us know we'll We'll have to do a part two update to see if you are being summoned.

Um, but I do want to chat about a couple interesting things with you. So a lot of people obviously just from the connection with TTG they know what you're doing now and obviously that's an interesting business model that I think a lot of people can learn from because everyone wants to learn how to make money. But from our personal conversations, it seems like you've had a little bit of a wild path that's LED you to like where you currently are. So I kind of want to dive into that.

Can you share with the audience? obviously you Adam TTG now but like what was the pathway that led to to where you are? Yeah so um wow I'm looking at myself on YouTube on your channel this this looks terrible. Yeah no we all agree. very ugly. not really the light maybe just human level.

I don't know. chat. how can we fix it? Is he moving? Is this a mobile interview? No No. I'm just moving my camera seeing if I can get a better.

Jesus All right, well don't you have blinds? No I Just moved into this office. This is the new digs. Um so no blinds yet? I Gotta I Gotta get a blind guy. We all need a blind guy.

Oh I guess I guess that that may be that may be better. Yeah that's good. we can see more clearly. Somebody said put a bag over his head.

oh you're not my wife. Um so anyways yeah so a little bit of a little bit of a crazy story getting started. So I do I am the co-owner of True Trading Group Now um and yeah no it's a it's a crazy business everyone I'm sure loves and appreciates the fact that uh that people um what are you doing bro standing up my posture is poor. um you know I'm sure everyone loves and appreciates people that sell courses on how to trade stocks.

I'm sure that's like a a huge thing that people wake up every day and they're like super grateful for this. Um, but no. so you know we we identified a um, you know we identified like a you know like a a big a big hole in that space Jesus I'm so sorry dude, it's the one time that I come on uh we'll have to send you a better camera. we're just blinds.

we'll just I'll buy you a blind maybe just a piece of particle board that we just it's fine I was gonna stay here. it works. Um, all right. So anyways what ends up happening is uh so we now I've lost my alternative thoughts.

so we go ahead and we we start your Trading Group up a fortune Trading Group What I've done is um, you know I I went ahead and I went ahead and uh promoted, um promoted penny stocks. That's what I did for a long time before. true Trading Group um I Started my first company when I was um, 21 years old, um around 21 22 and um and since then I've had three companies and all three combined. I've had a total uh, revenue of about a hundred million dollars.

So that shows that there's obviously a shitload of money in it, but like sorry to interject there, but when you're saying penny stocks, there's people in chat right now that when we're sitting here like I'll talk about like recent ones that have gone crazy. like whether it's like Trk or Gns or Gtii, they're like you gotta get in because they see like in one day it's really green. It's like it. They always look the same.

it's always like some penny stock company that it's like top left to bottom right on its daily chart and then out of nowhere it starts to get an uptick and then everyone gets excited. Mullen's another example of everyone's like this is the next best thing and eventually yeah, it has some volatility. Of course there's crazy upside movement but it never holds someone like knocks its legs out and it comes back down I'm like oh, it's a pump and dumb. it's a pump and dump and most of the time because I don't look into it that hardcore.

I'm referring to the price action like it pumps up for a couple days, some undisclosed amount of time and then it ends up dumping. Um, but with it. like just from our personal conversations I Wanted to talk with you about this because I don't think people even know that this is like a world that exists, that there are legal ways where people go out of their way to get stocks promoted. Um, not to like name any individual YouTubers or anything but I've seen it before.

like in their description it says I was compensated to talk about the stock. Yeah, I mean look I've pointed it out to you off air? Yeah, you know? Um, yeah, so that is. that is true. So most of the time when people go out of their way to legally promote, um, a penny stock, they don't necessarily care about the price at that point.

When you see these massive price appreciations, it's a little bit of a different thing, right? It's not so much a a promotion where people are crazy about getting. You know, are you know people, they either care about most of the time, the promotions care about the liquidity, right? So what's happening is is that you have these companies that are not great and they need money, right? Everyone goes public to raise money. So what happens is is that if you're some piece of penny stock you can't go to Goldman Sachs You can't go to JP Morgan And you know, get money out of at all or at a favorable rate or anything like that, right? So what they do is they have these like family offices. These like groups of people that are not necessarily an investment bank.

It's just like a family fund. And let's say a company needs a million bucks, right? Okay, so they'll give the company a million dollars and what they'll do is they'll charge crazy amounts of Interest right? Like 149 Or like you know, something stupid within a small amount of time six months a year, they have to pay it back. Obviously, the company has no money to pay it back. they're not going to be able to pay it back, right? The people that are giving the money, they don't want the company to pay it back.

What they want is they want the company to default on that note Because if they default on that note, they get a million dollars worth of stock at par value. So par value for a lot of these companies I mean I've seen depending on how shitty it is I've seen par value at a penny I've seen par value at .001 and I've seen dude I've seen par value at .0001 Okay, so they're essentially getting it for like dollars, right? So if a stock is trading at five dollars and you have a million dollars worth of stock, uh, you know, and again, I'm making up arbitrary numbers, right? But if you have a million dollars worth of stock at, um, you know, at par value and something's trading at five bucks, you don't care if that stock goes down to 10 cents, Because even at 10 cents, you're making an incredible amount of money. Okay, so for them, it's all about the volume. It's about having enough people interested to get the liquidity so that they can sell the stock the other side.

which was what you were talking about where you see like these things run up like crazy like a lot of times. What? Atlas did right Atlas Trading. So a lot of times what Atlas did was they spend about. they find these low float stocks right and they spend six months a year previous and they have a list of these stocks and they go forward and they start buying up small amounts of stock over a long period of time.

Then they have these big followings that they have because they show them like one or two winners. People get all excited and then you know if you have two winners and then one loser people are still, you know they still tend to follow you. So and I'm not just singling out Atlas Although that is what they were, you know that's a big part of what they were doing. But a lot of people on Twitter do this.

A lot of people on social media do this. um, where they will. It's called front running. They'll front run the stock and then they'll start to promote or push it out for themselves in an effort to get the price up.

So that way when all of the people that follow them start buying, they start selling into them on the way up. so they just load up, slowly, wait for it. So they find low float stocks that they can kind of manipulate. So it seems like there's different flavors of this.

So you have one example of like a random ass penny stock that the company hires people to get other people to talk about. or whatever you're in magazines you're in newsletters, you're getting featured blah blah blah and like you're it's paid promotion essentially and from the little times that I've seen it, it's fully disclosed of like I was paid x amount, blah blah blah like we've even seen that with um, recent ones of when someone writes up an analysis of it like there's a little asterisk and like I was paid to do this and then you have this other one where there's cohorts of people doing it not necessarily paid, but it's just like you have a big group. if you have a ton of following everyone like you build it up slowly, you get it, and then they sell into them. Now with that obviously it seems super immoral, but with them like this is where it gets like almost into that gray area with this uh SEC So just to use the Zack Morris like atlasing as an example would it technically from your understanding of the law and folks, just so you know he's not a lawyer, this is just two people who have no law degrees discussing it.

um if he disclosed it of like hey, I'm going to sell it when it hits X is that above board or is it still no like you can't even do that um I I Feel like um, do you want to turn my camera off? Would that just be better I feel like it's distracting I Don't care. Yeah here we could turn it. Yeah, just turn it. turn it off so it's not like a big deal.

All right here. we'll do this. It's so Sunny No, you're all good. So you have this other group, you have paid promotion where it's like more of official IR like investor relations that type of stuff.

Then you have these groups and there's massive groups and actually weird uh thought just popped in my head. Did you see the recent stuff with Zach Morris of uh, he's he now can't use any social media because he was intimidating Witnesses This just came out like yesterday the day before. He's a man from all social. yeah, no.

like a judge there was, um, a judge ruled that he was intimidating Witnesses So he's banned from all social media right now, which is so Wild yeah I mean I mean look, the way that they were doing it is, um, is not is is not how typical promotion is done right. Okay to answer your question. I'm not a lawyer but I do not think that uh, any which way they were doing it would have been legal right because you're you're not. What the SEC cares about is having things on an even playing field.

so people having all the information right now we cannot now I know I say that and everyone's going to have some sort of comment about you know how much do they really care? But I'm saying that that is that is what that is what they say, at least right? So when they look at something like what Atlas was doing, people don't have the information ahead of time that they were buying all of these stocks right? So even if you come out of the the you know gains hey, I've been buying this for six months. This is my average price now. I'm gonna sell it on this date I I don't know I I still think I still think that's an issue I still think that they you know I'm not an attorney, but I can't imagine how that would not be an issue. What about like the third style of one where one that I've been following and I don't know if you particularly have is someone like Adam Aaron who has a large following within the retail community and then out of nowhere he's talking about like a Podunk Mining Company Highcroft mining where there's a huge explosion in volatility, a huge explosion in price, and they're an investor like that was clearly a personal benefit to him, and it went from basically 25 cents all the way up to three dollars.

and now it's trading at 54. Like, it almost seems like if you have a suit and a tie in the name of a company behind you, you can almost get away with more, even though functionally it has the same effect of like rugging everyone who followed you into it. So something at the straight you. You want me to say something negative about Adam Aaron on your channel? Well, I'm just trying to understand like this promotion of what's going on because to me I see like the fact that retail got tricked and like I see the same example of this hype.

there's a hype cycle. volume price explodes. People think it's the best thing since sliced bread. You buy into it in all three of these examples and then eventually it's getting sold off because inherently you're still talking about a shitty company.

But yet in all the scenarios, the the original person, they're benefiting off that pop like the initial pop. Um, look man. I I have I have a lot of respect for for the community that you built and for the community that others are a part of. And and I'm a huge proponent for empowering you know people that want to get involved in the stock market.

Um so I know that you know I don't know how much of your channel is or not still super into AMC but um you know I think I think Adam Aaron is somebody that you know was kind of you know. look at the end of the day AMC didn't do anything miraculous you. you all chose that company. you know what? I'm saying like So and I'm I'm prefacing that to say that that he was kind of a regular public CEO that was kind of thrusted in to all this attention and all this social media stuff.

Um, and and I think I think he took advantage of it. you know of it. Um here. quick reminder: we're also streaming to Rumble which is a little the the home of free speech.

You don't have to be professional. and Mentor words here you could tell the audience how you really feel. these are your thoughts: I'm not I don't want you to like cushion your blows of I mean I I Feel like we understand what you're hinting at here but you can let it fly I mean once in a while even let Mike swear when he comes put my camera back on too because the sun, the sun is the sun. Hang on.

Let's see if I can let me see if I could switch this back over. Uh, all right, we should be good. he's no longer angelic. Did he just call his thumb? Did I call you? no one called anyone dumb tie-dye Cowboy which is honestly quite the name tie-dye Cowboy yeah that's pretty good but like so my point in all this is you've seen the history and like obviously there was like craziness was GameStop with AMC with Doge with she but like I'm sure that's the biggest hype cycle that you've like witnessed, but it's interesting because you've had the career of like that was like that was your job functionally at one point is to find people and almost understand psychology of how hype Cycles even get going.

Yeah I mean yeah it was um I I think Adam Aaron I don't know him personally I don't know how he was before all this happened. Um but I know after all this happened I feel like um I feel like he was I feel like he was Reckless I feel like um there were multiple opportunities for him to to shoot down. Um, you know rumors of AMC going to a hundred thousand or five hundred thousand or even a thousand bucks I feel like that. There were times where he could have come out and and kind of had a more balanced message.

uh and he didn't uh he didn't because he, you know because he knew that he knew that as long as this was happening he was going to be able to raise more money. which he did. So um and he did it off of everyone all the retails backs. so no I think he's kind of a piece of honestly um I do I don't I mean I'm I'm not saying that, you know I don't want to upset anyone but honestly I think Adam Aaron's a giant piece of you know I think he's no different than than a lot of other public company CEOs You know we call them, you know In The Biz we call them professional CEOs Where that you know where? they're just kind of there.

They do what they need to do and that's it. Um I um I Think that he could have had a more balanced message I think that he I think he was a wolf in sheep's clothing man I Think that he he could have balanced it out, he could have balanced it out and people would have had. You know, look, it's the stock market right? Things go up, things go down, things don't work out. but he could have had a more balanced message to the people that believed in him and what he was doing and he didn't.

So in my opinion that's just as bad as being the morons on YouTube that were you know perpetuating five hundred thousand dollar price point. Yeah and that was I mean functionally that was insane. like there's not that much money in the world but people didn't want to believe it because like no one likes the Negative Nancy no one likes like killing the hopium but like the way it all played out is at the end of the day. Adam Aaron put an extra 40 mil in his pocket because of this deal.

40 mil and like that's the part of the psychology that I just don't understand because it's a very small minority now that absolutely still love them. They think of him as like their financial savior of like this guy will make it work for me when really his son massively benefited because he donated stock to him or gifted stock or whatever and I'm sure that dude sold it and then he personally sold and then yet I still don't get it because uh I was ranting about this yesterday so he made a ton of money and then I look at something like Hymc which was in my book a pump and dump based on price action I don't know if that's the legal term of how I would use it. but then the newest thing that I love and this just kind of came out recently was he's doing an AMC Brandon credit card with a 27 interest rate on an in currently in inflationary environment when now we see a spike in credit defaults. So another example of him just taking money from retail like it is it To me it just blows my mind and people are like ah, this is these popcorn sales man, they're gonna save everything.

like how much popcorn do you think they're selling I don't know, hopefully a lot I hope they sell a lot of popcorn. 27 interest is a lot man. I mean it's borderline Usarius right? so it's crazy I I don't know I I um Adam Aaron would be like would be like the starting quarterback on the OTC roster. you know, so wild.

so let's take a step back. So even before this craziness, obviously this is a thing. Like people out there, their job is to like whatever, drum up excitement for, uh, penny stocks. Like it.

What kind of money? So drum up liquidity. So like there's trains When you guys talk about pump and dump right there's there's a lot of um, there's a lot of like I don't know, like misinformation around that exactly. So a typical pump and dump like back in the 80s or early 90s with Jordan Belfort and like Wolf of Weed Street and stuff like that. Yeah, um that they were trying to get the price of the stock up right? So that was.

That's where it comes from. Like quite literally a pump and then a dump. right? Um, now it's it's all about the liquidity. because all of these stocks that get that take in this kind of money on those terms.

they have no liquidity. There may be trading a hundred thousand dollars a day, you know, Even if they're on the NASDAQ they're not trading anything. Yeah right. So it's the liquidity that people are interested in drumming up.

Now what's interesting is that social media has become where you see these like new versions of like these pump and dumps where people are making a career. which is you know an illegal career out of out of front loading and then selling to an audience got. So it's really it's really twofold. The part that is you know the part that is legal with is is is the part where that you a fund gives a company money, that company hires a promotion company that's legal as long as it's disclaimed.

the part that is illegal is when a group of guys get together front load of stock on Twitter and then start selling it to their audience. Yeah it also doesn't look good when in their discords like it's now legally reported that they were calling them like and sheep and stuff. Well it doesn't look. it was on.

um it was on a um a recording. Oh the the Atlas Group was saying that like in an audio recording of they were just talking about how dumb their followers were. I think the exact quote was we're selling to retards. Oh my god dude they're so I think that was the I think that was the exact quote.

So with the something something like that it's online just you Google it you'll see it. So the people that they're getting in trouble with is this an SEC investigation or Doj? it's both. So the Doj part means they could actually see like prison time. but the SEC is just Financial like fines right? Is that right? So yeah, the SEC is like the meter made of the stock market right? Okay, the SEC the SEC can't put you in prison, the SEC is not kicking your door in I mean the SEC you know, um the SEC Basically you know just finds you and uh and can put like limitations on things you can do.

Most of the time they just find you. they just want the money right? I mean you look at companies like JP Morgan Goldman Sachs Bank of America they're getting fined by the SEC monthly for them. it's just the cost of doing business. Okay where where this gets where this gets crazy is when you you start to throw in the Department of Justice into it.

Um and and that's what's happening with with Atlas I mean it's a big deal this is. but is it one of those things just to my like little understanding in the legal system it'll Play Take Years to play out right. like like it's not like we're gonna find out they have, they have a certain amount of time. um you know their statute of limitations on on everything.

um but but now that well yeah now that they have brought you know the charges against them you know yeah they you know probably you know it depends the SEC thing always takes longer than the Doj part. uh okay so like for the true resolution of this like we'll be waiting for like a minute. that's so wild. Yeah so I okay obviously AMC then before that we have Zach Morris before that just like the Heyday of like promoting or trying to get more liquidity companies like um best damn penny stocks Awesome Penny stocks Penny stock Chaser Like these were like the old This was like the new group after like the late 90s Jordan Belfort Like went to prison.

Whatever these this was the group the groups that came out shortly after. So for those groups was that uh maybe not moral but was it lucrative because like we've all seen the movie of like Wolf of Wall Street and he's like I made 50 million a year like like was it still crazy numbers in that in between group. um not no, not anymore. I mean those groups aren't around anymore.

See here's what happens that industry if you do it correctly right and let's not talk I mean taking aside. You know leaving out like is it morally right to promote something that you know the price? You know that you don't know, but you have a really good idea the price is going to go down right. Let's take out the morality of it. Let's just focus on the legality part for a second.

Right? if you do it the right way. And the SEC has literally created a A um A Disclosure: For this, it's a 17 B as in boy 17b Disclosure: Okay is what they call it and it is literally designed right for um, you know for this type of thing so that promoters can disclose companies can pay them and that it's and that it's kosher right? Okay, um you can make awesome money doing that right. You can make awesome money doing that you don't ever have to break the law. The problem is is that a lot of people once they get a little bit of a taste of that, right? Um, and they start, you know somebody's making a million Two million Three million a year doing it legally and then you find out, well wait a second if I just cut this corner I can make 5 million and then if I just take a little bit off of this corner I can do 10.

gotcha getting a little getting close to the sun right? So and unfortunately, a lot of the people in that industry were not were not content with what they were making and that's exactly what they did. Man, that's and so well since you have your like I guess fingers so close to the pulse here. Uh, with reference to like. Obviously the serious legal issues that Atlas trading is going through, do you think more? Heads Are Gonna Roll and I don't want you to call out anyone just in case.

whatever. whoever's listening to this, but just like in the rumor mill, do you think this is the end of it I wouldn't know whose name to call out I don't I don't know them. Oh yeah like I mean I mean I've spoken to to two of them at different times. Um, oh wow.

tell Adam I need to apologize About one month ago I mistook him for Mike here. Live stream, chat and I got a little mouthy I'm sorry for being an asshat that day. it's been bothering me since. Oh, you're fine dude, don't even worry about it I don't care.

Oh, that's nice friendship zero I'll send you Adam's number and you guys could talk about it. sorry Adam I'll connect you too I'll give him your address and everything. It'll work. Matt You get a lot of hate in these comments.

bro. I'm getting hate folks. You're supposed to be on your best behavior. We're It's gonna have to be like one of those things.

do you remember in like Elementary School when the whole class would be like super bad and then you would have to have another meeting the next day and the principal's like I'm just so upset with how you guys were yesterday when like we were all like mouthing off doing like a sock puppet assembly or something. That's what it's gonna be like on Monday I I Give you a lot of credit bro. I mean you've you take a lot of from people online and you know honestly man, like there's a lot of other people out there that were in your position like I don't think I don't I mean maybe your audience knows, maybe they don't know. um but you know it is hard to walk away or to know that your numbers are gonna because you knew the second that you didn't continue to ride that train that that there was a good chance that your numbers were going to go down.

which means less money in your pocket? Yeah, no for sure. Well and on top of it, less money in your pocket and you know you're gonna get beat up by the internet. But then I thought about it that I was like well I Also, don't in any way want to get in trouble with the law I was like I'd rather deal with like on like the internet Reddit Twitter than I would. but sometimes I think about it's so weird of um for full disclosure: I was never offered any money to say anything positively negatively about like AMC Gme.

but I was offered to say a lot of things about random crypto, especially when crypto is ripping like so much money. I Part of me wants to make a video going back through all the emails, adding it all up, and seeing how much money I would have made if I just took every random promotion and I never took one. but then yet you're still accused of it and like the random parts of the internet still think it's true I was like well man, if I'm like if the generic person assumes I did that Anyway, it's just so insane. but um to me, it was honestly before I ever really had any following I'm talking like sub 5000 followers I saw two YouTubers who it pretty much ended their career because they both promoted the same like gold mining like company like a random thing in like Canada or something like that and the amount of hatred and vitriol they received when people read the description and it said like I was paid to promote this stock.

yeah it it ended it for him. So I was like no, that's the lesson when it comes to like an individual thing like that you just have to say no because it's a funny story. So I I promoted a Canadian gold mining company those are the best this was many years ago this was you know, way before true Trading Group And there's been a handful of times where you know because I was fortunate early on. Most of the people that I've ever worked with or that I knew coming into this business have all been um, you know have all been either arrested or they fled the country right? Not partners of mine but just people that I've you know that I've known or interacted with or people that I didn't know but that were big deals in that business and um you know I'll tell you what man.

I had seen enough of their mistakes to to know that there are certain things you just don't do right? So I got um this one time I got I think it was like 450 000 dollars from this gold mining company out of Canada for a month worth of work for 30 days worth of work right? as in that hit your account or that's the money you have to give to people for like the liquidity or that's like your no no so that that's the budget right? Okay yeah, we signed a 30-day marking agreement for Um for 30 Uh, 30-day marketing agreement for 450 000 US dollars. They send the money to my account right? and then I have to use that money to help you know. Get the word out about this gold mining company right? and um and we start marketing it or whatever and somebody. this investigative reporter hits me up right? Um this investigative reporter hit me up and they said hey, we know that you're starting this promotion but you need to see this and they sent me a picture of the of the property right of this mine.

It was a Shack in the middle of a forest. A gold mine. It was literally a Shack in the middle of a forest and let me tell you something you want to know like and at the time I didn't have you know millions of dollars I mean this was like one of the first big jobs that I got I had met with the company I had flown out to you know Vancouver to sit down with them and talk to them and I was I was all excited I was like oh my gosh 450 000 such an incredible you know, whatever and I had to wear a suit to the meeting you know? So I felt very you know very good about myself. um I get the wire in it's like it's unbelievable and then I get this picture and then I confirm it.

So now you're left with a choice. you know now ahead of time she that it's complete garbage, that it's fake and you have the money sitting in your account. What do you do? you have to do the moral I would be so worried about getting in legal trouble I'd be like I don't know you talk to the I guess report and you're like what the or get a lawyer I guess you're a lawyer and I sent back The Wire yeah you just bounce it back say sorry yeah I sent it back to them I said I got the receipts for it too and it's not be I mean look and it's not because I'm some like moral Saint I'm definitely not I don't go to jail yeah you know but let me tell you that was that was one of those times where you look back and and that's what I'm talking about right? because the very next month I ended up getting another budget for 250 000 that that that was okay to do right? so it wasn't like I was never going to get another dollar ever again. Yeah you know what I'm saying but but yeah it was.

um you know you wanna? you wanna see, you know who you are, You know, have the money in your account and then make a decision. gotcha. I In a weird way, we're almost focusing this conversation on like whatever shitty little penny stocks that have no liquidity. but on the other side of it I mean if you go on to CNBC or whatever you'll see commercials for like uh, cute the cues like the NASDAQ so like, what's isn't that like essentially the same thing of like like I always see promotion for like standard Imports like they have all the spider stuff or investaco they have the cues and other related ones like you see that like all the time even with some of the biggest ETFs yeah but it's it's different because they're real companies.

There's there's substance to it so there's nothing wrong like this may be a hot take, but there's nothing wrong with stock promotion. There's nothing wrong with promoting a stock. If it's disclaimed or promoting an ETF or promoting something that that there's nothing wrong with it right? AMC You all promoted the out of that for free. Yeah, it was for like but everyone's fine for you guys promoting it and touting it all over the place.

Nobody would have known about it, right? Yeah, so there's nothing wrong with with stock promotion. The problem becomes when you're promoting something that is, um that isn't real that that's just like hot air and a lot of these OTC companies are not the Spy they're not the NASDAQ dude yeah you know it's a Shack in the middle of a forest in. Saskatchewan it's a nice Shack though high quality Shack that is such a wild story. It wasn't even that nice of a shack.

dilapidated. Shack I wonder how much the company is worth? Do you remember at that time of like what it was? that was it trading at like a couple mil and it was just essentially a nothing burger. like they just went through the steps to be like publicly listed what? that gold mining company? Yeah yeah, that was essentially you know, training at all. It was trading maybe ten thousand dollars a day.

There was like a 30 spread. Um and it was like you know it was maybe 30 cents. That's just crazy zero Revenue just nothing coming in and it's weird I mean I Remember one time I read the story of a company that all they were was all the paperwork to be publicly listed and then if you looked up anything about it I Remember Ted Quarters was just a parking lot like no building like it was just like and that's what's called a shell company or a shell vehicle. uh like.

So these are just like publicly traded though like some of the obviously. So right now if you go on Otcmarkets.com and you look up all the dark, they're called dark and defunct if you look up which should be the name of my album. But if you if you look up dark and defunct companies, there's going to be hundreds of them, right? Those dark and defunct companies. you could potentially buy one of those companies for like 20 grand, spend another 50 to clean it up.

So now you're in for 70. But at the end of the day you have a clean Shell and you just reverse a private company in there and bada bing bada Boom! You have a public company that's so wild. So what's the advantage of people doing that? Just because all that paperwork is like so much work is already done, it's very hard. It's very hard to to go public right to do an IPO or to do an S1 registration.

It's much easier to find a um, a Shell vehicle and reverse. uh you know and to put a private company in there. uh interesting huh? that is so wild. So wild.

Um all right Market is going to open in a little bit over five minutes so we're gonna drop. but I appreciate it and honestly I think whenever there's like any development with like the penny stock craziness of Atlas Group and everything would love for you to stay on top of it so you can share with us all the other Insanity you know if you have any questions about you know is this a pump? Is this something that you know I have uh I have no issues coming on and and I'll you know always you know show proof of everything that I that I say love it Oh uh. One final thing before you go. do you think it's a viable strategy to actually look at all these pumps and then just know to play to the downside, like do you think that's something that's like a repeatable thing of like in a weird way like how exciting that they happen and then you just short all of them? It's you can't shorten OTC Oh well.

what about the penny stocks that are listed on the NASDAQ or whatever? Like if it's just on a different Exchange you could. Um, but again, whether you short it or not, it's the liquidity. You got to watch the liquidity. Once these things are done being pushed, the liquidity dries up and that's where you run into trouble because you might not be able to get out like even if you have a massive short position.

Interesting, Correct huh? Well definitely food for thought, but appreciate your time. We'll be talking soon. have a good one bye. All right let's switch this back over to chat.

Can you guys see it all right? Where are we at on the market coming down? a little bit of it or retail sales? So much of that penny stock promotion world blows my mind. It really does. Oh Adam what are your thoughts on Mullen here? I'll text him it I'll ask him I'll ask him for you really quick I'm sure he's still by his phone. Maybe we who? what are your thoughts on Mullin chat wants to No? All right I texted him for you all right where? Whoa, that's not the right one.

Mark It's about to open in five minutes. Uh, so what? I wanted to go over before we do? that is obviously we have a bunch of big Banks and a health insurance company reporting this morning. Thus far, the reports have been pretty good. Oh, actually we just saw a seven percent spike in the likelihood of a 25 Bips rate increase on Wednesday May 3rd, which is the next Fomc meeting.

Five things you should know on this beautiful Friday April 14th week and uh, we're basically putting in I think the best little I guess I'm trying to think of the time period I Don't know if it's the best month or the best