Foreign, Foreign foreign foreign time to Spill The Tea Time to Spill The Tea Here at the Matt Core show I'm so genuinely excited that you could join me today because we're gonna be talking about two major major stories of mass corruption: Numero Uno What in the world is going down in Poland is Russia involved is Russia not involved is Ukraine involved? What in the world's going on? We're also going to be talking about some of the recent updates of FTX really the Meltdown of FTX and how some of our non-favorite SEC Chairman and political donators are involved in this entire thing in a way that they 100 percent should not be. and then to wrap it all up to put a bow on it, we're going to be talking about some exciting things going down and really the world of just investing. Some Solid, maybe interesting I Shouldn't say solid but interesting opportunities in the market right now and really through the when lens of the Oracle of Omaha Mr Warren Buffett So like I said, very, very happy you could join me today. big Big Show And before we get into all of it, we'll be covering this in more detail in just a second. but a quick shout out to today's stream sponsor I'm talking about Enviro Cleanse it is pinned to the top of chat. it's in the description of the video and like I said, we'll be covering that in more detail in just a second I Just want to give them a quick thank you and a shout out, but more importantly, a thank you to all of you for tuning in to Today's Show and without further Ado Let's get rocking just so you know. Market had a pretty interesting today. uh S P 500 close is higher After another lighter than expected inflation report NASDAQ jumps 1.4 like I said, we'll be getting more into the pure Market stuff a little bit later on because we have to cover those two very very big stories. But just so you know Market It was an interesting day, we kind of went up, then we kind of came down. Then people got scared of is WW Trace about to kick off and people didn't really know what was going on there and now we have has this literally just popped up. Breaking news: retail sales come out tomorrow morning and hour before the Market opens. We're going to be talking about that, but a very strange day in the market if you want to know how it looked a little bit more graphically I mean or not graphically really just for my color fans out there. Pretty green I mean there were some weak sectors. there were some strong sectors, but really, ever since this news of inflation coming down in June we were at 9.1 percent Recently, The most recent CPI data was 7.7 It was expected to come in at 7.9 came in even lower so it looks like. fortunately, even though it's still in terms of magnitude Sky High it looks like. we are trending in the right way. and ever since that news came out last week, the Market's been popping, popping popping. Now this some might surprise you a little bit more is the fact that Crypto was even green. Now, if you've been paying attention to any of the Crypto news whatsoever, you know that Crypto's been under a lot. A lot of pressure. and the fact that we have any green whatsoever is exciting. A lot of people. and that's one of the big stories. So one big story: Russia Poland Ukraine What in the world's going on there? The other one is just the insanity of the corruption currently in our political system and really our market system and more so the regulatory system of what's going on and how the FTX situation got to where we currently. Are Gonna Be Wild But as you guys all know, since some of that can be pretty tough I Like to start it off with a little bit more easy things. Let's go through three fun, interesting side stories that maybe you miss in all the insanity today. So number one comes from our boy. Elon Musk The chief tweet the welcoming back of Ligma and Johnson So these are the two guys that trolled all of media right when Elon took over. Twitter They went outside with a box full of things acting as if they just got fired I believe the names were Raul Ligma and Daniel Johnson and media at no point in time understood that they were getting completely trolled on and even like some of the commentary of like oh I have to go tell my husband and my wife Super super funny but this is just kind of once again I guess doubling tripling quadrupling down on Elon Musk's sense of humor the fact that he invited them back and got a picture with them so just want to share that because I thought it was pretty funny. Number two, maybe this impacts you. Maybe it doesn't, but to really set this one up to add a little bit of the proper framework here I need to share a personal story. So the ER this morning literally let's just wine back to early this morning even though I've been hearing about Taylor Swift and the concert and 40 50 60 days something like that that she's selling out like crazy. But let's just rewind to what went down this morning: I Got up looking at the market looking at the news, ready to go I took that caffeine pill from brick house and I'm freaking seeing sounds like I'm operating on a different level and right before I get ready to dive into my stream prep of this morning I talked to my completely real girlfriend I said what are you doing today and she said I'm gonna try to get those Taylor Swift tickets I was like okay, cool like sick, good luck and then I get done streaming that a couple hours had passed. At this point, two three hours had passed and I was like what's going on and how'd those tickets go and she said uh, don't really want to talk about it right now I'm having a really tough time getting it Ticketmaster is apparently like overrun like they had to pause all of Ticketmaster because there was that much demand for Taylor Swift I was like okay, yeah that seems crazy but still good luck and then I went to the gym and then I came back, ran errands, got ready for this stream and she's still sitting on Ticketmaster and then finally she came into the room. she's like I got the tickets. the look on her face with such pure excitement and happiness. There's no way I could possibly articulate this. It was more excitement involved in this than getting a kitten, a puppy, having a kid, a birthday I don't know what it is, but it was pure unadulterated happiness. The fact that she was able to get these tickets I Don't think drug addicts are more excited to get drugs than right now. Apparently many people in America are excited to get Taylor Swift tickets. The popularity involved in this situation, as I alluded to before is so insane it brought down Ticketmaster and even though I'm not a fan of her I'll be honest about that. AOC knows how to play any cultural story. Remember today alone, crazy things happen Poland was bombed FTX is potentially ruining all the crypto and yet our elected officials. They know how to get reelected. They know they need to talk about and get their face in front of things that other people are talking about. And that's exactly when AOC comes into Story number Two calls for Ticketmaster Live Nation Monopoly to be broken up in response to Taylor Swift pre-sale controversy. And that's the controversy is uh, I Think many, many boyfriends husbands significant others had a wild, emotional day. At first, we were probably feeling nothing thinking that the other wasn't going to get these tickets. They were probably excited. then that came very quickly crashing down and then maybe it ended positively. Maybe you're sitting with a happy wife happy life situation right now. or maybe they didn't get the tickets. the whole situation. This just shows her absolute popularity. and I have to admit, Ticketmaster Live Nation is AOC wrong on this in all reality. Granted I did only a little bit of research, but they are pretty dominant. There's not much competition out there, so I'm not necessarily bashing her on this particular one. It's more so through the lens of the insanity of what's going on in the world. I Find it interesting that she's not necessarily using her platform. Let's put it to get: I don't know. Let's say to make the best country in world for her constituents. It's not that at all. She's playing into the things that she knows other people are talking about because she just wants to get reelected. Uh, so actually I have to give it to her a little bit of a brainiac move. Do I agree with it whatsoever? No, but hey, I guess at a certain point game has to represent game. Now obviously with Elon and AOC you might be thinking. but Matt what third story could you have possibly found that's more insane than these first two? Well, luckily for you I spend way too much time on Twitter and I found a video of a puppy practicing. it's I suppose is the best way to pronounce that foreign I see this pure gold, pure gold just trying to figure it out. Training wheels of sorts, you know. I'm always a sucker for a form of a puppy video. Throw a kitten in there as well and I'm gonna watch it 10 times on repeat. So now that we got all the fun stuff out of the way, time to get into the very, very serious stuff Russian missiles cross into Poland during strike on Ukraine U.S officials tells a p I was out there talking to my local Falafel guy at lunch today and I'm like hey man, love your product, give your boy another And then all of a sudden my phone was a Non-Stop vibrating machine and it was everything about what in the world going on. We know bonds are bombs. excuse me, missiles are hitting Poland Who did it? Was it intentional? Was it an accident who sent them? And right away the story started taking some wild wild turns and even if you look at what happened when this was first breaking the market took a big hit and then all of a sudden people started to smell that it was a little bit more fishy than just Russia attacking Poland and we actually see that in the market. the fact that the market was not buying at all. In fact, the market very quickly started to pop back up after the initial jolt of what in the world is going on. So this happened around midday today. If you live on the east coast and at first this is what we knew. We knew that in Poland 2 Russian stray missiles have just hit a farm in a town I will never be able to pronounce on the Polish side of the Polish Ukrainian border kills two poles. So unfortunately people did lose their lives. My heart goes out to their family, but right away it was in Russian Russian Russian Might that be true? It might be true, but other people are saying that there's a little bit of conflicting information so maybe it's Russia Maybe it's not. and I personally find it to be hyper inappropriate in any way to spread that type of misinformation, especially when we all know what's going on with Russia and Ukraine We all know that Poland is in NATO and all of a sudden, if Poland's attack, especially by Russia, we're talking World War Three. So to the people out in the world who were trying to jump onto it just to get the initial likes and clicks and Views and admiration, that's kind of way out how quickly South that could go when you're talking about potential armed conflict that could ruin the entire world. So here's what I found for you just trying to find both sides of the information. So this is the picture of what happened: a Polish reporter on Blast tonight. My sources in the services say that what hit the town that I will never be able to pronounce is most likely the remains of a Russian rocket shot down by the Armed Forces of Ukraine so not confirmed, but saying okay, it might be Russian and they had a bracket. Maybe there was just like some sort of translation fixer or something. So right away maybe maybe not type of a scenario and even the Pentagon at first Pentagon spokesperson were calling allies and partners to learn more about Poland I'm like okay, this was at 2 30 today after the other things I just showed you I'm trying to show you in chronological order of let's feel it out, let's see what's going on. We don't want to make any accusations, especially knowing what's at stake and then it didn't really seem to matter. The Pentagon says the U.S would defend every inch of NATO territory after reports that Russian missiles killed two people in Poland. Oddly enough, I'm not gonna actually talk too much smack on the president's Administration here because the Pentagon just said would defend every inch of NATO And then it was Business Insider that threw in after reports that Russian missiles. So once again a lot of this concept of Russian missiles. and once again, this is early I we don't know it very well could be Russian missiles or other things could be going on because let's just be. just hear me out for one second. Russians Defense: Ministry Denies Russian Missiles struck Polish territory. Well now all of a sudden it's getting conflicting. Am I saying that we should trust Russia's defense ministry as far as we can throw them? No, probably not. but also everyone almost instantaneously assuming it's Russia Is that the best thing? Who knows all I'm saying here is instead of right away saying it's this party or this party, maybe we should wait for actual evidence to come out. Is it Russia Very possibly. Is it perhaps not. Russia Also, could 100 be going that way? Uh, According To some people on Twitter we have information. debris inside Poland appears to be of a Ukrainian s 300 rocket. So is there a chance that in the actual arm conflict between Russia and Ukraine that on either side, there could have been an inerrant missile that went off and accidentally landed in Poland. That's also a 100 possibility. What I would argue at this point in time is the fact that there was no follow-up attack. It was like it. This was not the brainchild of a military strategist. Nothing important was attacked in Poland It was right over the Border dare I say an accident. So more of the question of whose accident was it? This doesn't seem like, um, some sort of Hardcore assault that says yes, We are like happily declaring World War III or something like that. This attacked a random area that didn't really do anything and then all of a sudden they're like blaming Russia Other people are saying actually it could have been a Ukrainian rocket and all I'm saying is let's maybe pump the brakes I Don't think anyone in the world actually wants Ww Trace and let's just wait and digest and see what's going on. And the reason I'm saying this is because that's exactly what the market did At first on the reports, we're like dude missiles in a NATO country. Not good. and then it quickly fell. and then if you look at the intraday chart, even Wall Street was saying um, maybe not as crazy as it is. Maybe we shouldn't be fear-mongering Maybe we shouldn't be warmongering and the market quickly popped back up. Now a lot of people are talking about Article Five You probably heard this quite a bit back when Russia had first invaded Ukraine Just so you know, this is the whole concept that if a NATO country gets attacked, that the other members basically have to act as if they were attacked and we have to all defend each other appropriately. Uh, the chance of this being invoked as of now, just from what I'm seeing and listening to some of these War correspondents and whatnot is pretty slim to none because like there's no continued attack or anything like that. Um, so I guess I just wanted to share this with all of you because it's so easy for mainstream media, social media, and everything like that to so quickly jump onto something without having all the facts because it seems like a grand story and they're like I got to be the first to it I Gotta get those legs I gotta get those views I gotta be the person who's breaking it and I get that I myself literally yelling at you through this camera have been there before I I Get the concept of wanting those views first I get it. But then sometimes when you're trying to get those views first and it involves potentially many millions of lives across the globe I Think maybe this is crazy of me, but we owe it to the rest of humanity to try to get all the facts straight before the internet dog piles onto one side or the other. Just a crazy thought. Just a crazy thought of mine. But with all this happening, do you know what? It didn't stop. It did not stop the U.S Forking over a lot of money White House requests 37.7 billion in new Ukraine funding 10 billion for Covid Relief Roughly three quarters of Ukraine funding previously approved by Congress has already been spent, with more slated to be used before the end of the year. First question there: What in the world have they been spending that many billions of dollars on prior to the midterm elections? Congressional Republicans suggested Aid to Ukraine could be cut were they to win the majority? So they're pretty stoked that the current power Dynamic stayed essentially the dynamic within, uh, the house, the Senate and the presidency. Despite the easing pandemic Administration Officials argue additional Ronin 19 funding is necessary to prevent a potential surge in cases this winter. The fact that I am filming this on November 15th of 2022 and we're talking about billions of dollars being given from the US to another country? 10 billion for Covid relief on November 15th of 2022? Doesn't this just seem like a reasonable story from last year? Like as if it literally should have been 12 months ago. Like has like, how much how much more is this gonna financially impact not only the Us but the rest of the globe at this point people are going to get vaccines. They already got it. Like we are way past it. Like how long on a global scale? not just in the US Is this possibly going to be played out for like I Feel like now we're getting to the point? financially of like. That's a very real question. I get this kind of stuff if we're talking a year ago, like I get it? Like yeah, like let's stop it. but now in the end of 2022 blows my mind blows my mind before we get on to the next big old story of what in the world is going on with FTX and the corruption that seems as apparent as could be. A quick word from today's sponsor in Viro Cleanse: If all home purifiers are the same, why did the U.S Department of Defense select Enviro Cleanse to protect and purify the air on board our Navy ships? Because Enviro Cleanse Advanced material technology goes beyond ordinary HEPA filters to destroy Airborne illness causing cold and flu viruses including Rona Who Who knows? Maybe that's what the White House is investing in a bunch more of these on top of that. just to add in a little bit here. when I was doing some research on this, it's in hundreds of thousands of I guess School rooms Across America Just so everyone knows Enviro Cleanse is the new science and air purification and now you can order one for your home. 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Shout out to Enviro Cleanse for sponsoring today's stream And with that out of the way, let's talk about the mass corruption that is currently going on in the markets, specifically the crypto markets and how it's intertwined with millions of dollars being donated to politicians and also how it's being intertwined with literally the current chair of the SEC Gary Gensler And it all starts with this handsome devil right here: Sam Bateman Freed, better known as S B F. To set up this story, you have to appreciate that the New York Times has absolutely no spine whatsoever whatsoever. They just wrote this I Guess the best term would be a puff piece for Sam Bakeman free and it is insane. The fact that they don't call out anything that has any legitimacy whatsoever is jaw dropping and this is one of the world's most famed. Publications How Spf's Crypto Empire collapsed and this was literally just written in less than a week, the cryptocurrency billionaire Sam Bateman Freed went from industry leader to Industry Villain, lost most of his fortune, saw his 32 billion dollar company plunged into bankruptcy and became the target of Investigations by the SEC and the Justice Department. But in a wide-ranging interview on Sunday that stressed past midnight, he sounded surprisingly calm. You would have thought that I'd be getting no sleep right now, but instead I'm getting some. He said it could be worse. Exactly what so many people across the globe exactly want to hear when he lost them. Thousands, Tens of thousands, hundreds of thousands millions if not billions of dollars. You would love to hear that. Yeah, it could be worse. I'm I'm at least getting sleep very quickly. For those of you who just need to, let's just say a refresher of what's going on in this story. I Like the summary here, this is through the lens of Miss Ellison Uh, the old I Guess on-again off-again girlfriend of Sam Begman Freed who was the CEO at Alameda So remember Sam Bakeman Freed uh founded FTX and Alameda FTX is a crypto exchange and Alameda which was supposed to be a separate legal entity is actually kind of a a crypto hedge fund. And unfortunately that Chinese wall between the two uh didn't seem to be much of a wall and there was a lot of things that went down and probably for legal reasons I Shouldn't say it's illegal, but if I was a lawyer, probably looks super illegal. So this is her depiction of how this all came about. But remember, this is also through the lens of New York Times which was being absurdly nice to them. Her voice shaking, she apologized, saying she had let the group down over recent months. She said Alameda had taken out loans and used money to make Venture Capital Investments among other expenditures around the time of the crypto Market crashed this spring. remember because Terra Luna taking down many other things anchor 3ac, the list goes on and on. Ms Ellison explained lender's move to recall those loans The person familiar with the meeting said, but the funds that Alameda had spent were no longer easily available. So the company used FDX customer funds to make payments besides her and Sam Bateman freed. She said two other people knew about their Arrangement Mr Singh and then Mr Wang Mr Wang is the CTO the chief technology officer of the FTX exchange and then Mr Singh is like the head of engineering or something like that. two big Tech guys. So basically there's four people who knew about this modern day Ponzi scheme who knew about this modern day Bernie Madoff type of a situation. In fact, it was this bad according to a person familiar with Ftx's Finance is the exchange lent as much as 10 billion to Alameda So basically Alameda was in a really bad situation and then FDX said hey, cool, you could use our customers money and try to trade yourself out of that hole And as you know, it went as horribly bad as it possibly could have. So keep in mind this is a write-up by the: New York Times and within this: I implore all of you to read it. Fraud Enron Crime Ilukin stolen hidden criminal back door. Do you know how many times they said those words? Zero? but at least he's getting sleep. It's super cool that they were able to bring that up. but why didn't they dive more into FTX stealing the funds of their customers? Why didn't they talk more about the millions of billions of people or money lost and many, many people being hurt? Why didn't they talk more about? you know how this really seems like hardcore fraud. There's so many things that they could have got into, but for whatever reason and we're going to be getting into that in a second, they just chose to not talk about it what so ever now. I Just gave you a little bit of a depiction of Miss Ellison's breakdown in this situation. but if you look at this one at I don't know if I can say this. I think I can at Autism Capital I Feel like I could say that um I don't know. the tech overlords are listening are going to be happy I said that. but hey, this is where we are. A little bit of a different breakdown, a little bit more of a hardcore one and I don't want to go through all this. But overall, here's the skinny on the situation. FTX Started to spend their money like a drunken sailor and a lot of the things that they spent their money on were illiquid. and then all of a sudden Terra Luna blew up and that created what's referred to as a credit Crunch And the credit crunch. Many loners suddenly recalled all of their loans just to Sue who was. Liquid Alameda lost a lot from giving out loans to firms who defaulted Almeida Now also was on the hook for money they didn't have since they had given a lot of money to FTX or had lost it loaning to now bankrupt counterparties. This is where it all came down to if we had to draw a line of where it went from just a bad financial bet to most likely leading to someone at least deserving of prison time. this is exactly where the line was. Sam Bateman Freed had two choices at this point: Lit: Alameda get liquidated or send user money from FTX to ensure Alameda's survival. as you read online, Sam Bakeman Freed chose the latter. That was the line he Crush crossed. excuse me that sent really crypto on its way to being crushed. That's the real situation. But as more and more of this story is coming out, it is so diabolically corrupt. Number One Alameda Mass Crypto tokens ahead of FTX listings For those of you who don't know, token listings that add both liquidity and a stamp of legitimacy to tokens and often provide a boost to a token's trading price. Exchanges often move tokens into the cryptocurrency wallets where coins are stored ahead of listing them. So what was going on here? Well, once again, Alamina didn't really have the Privacy away from FTX so they knew before other people what was going to get listed so they would buy it beforehand. As the price shot up, they would sell into it. That is pretty much the definition of Insider training. and then even that particular sub story gets worse. Alameda had an exclusive API key that allowed for faster trade execution on FDX than regular users enabling front running as a profitable strategy and they still blew up I Don't know how much more I can get into here without really like. At this point, if we don't realize the pure sociopathic Corruption of the major four players in the story led by Sam Bateman freed I don't know what else I could possibly show you FTX says it could have over 1 million creditors in new bankruptcy filing and unfortunately it just got worse from there. Just today, Block 5 prepares for potential bankruptcy as crypto contagion spreads, so a lot of people were wondering: is Blockfi gonna get out Scot-free No. Looks like they're also going to most likely have to file chapter 11 bankruptcy. Crypto.com customers worry it could follow FTX as CEO tries to reassure them everything is fine, but it's not. It's not like right now, the similarities between Cro and Ftt are high. Now the question is is Cros client funds being lent out? Are they using it as assets I hope not I hope we get proof of reserves and I hope the liabilities are low I pray that it is good. But before we continue with this, this is when I truly have to beat the dead horse. I Like crypto I am a fan of Bitcoin I'm a fan of Ethereum. but please please please do not keep your crypto on Exchange because you are asking for trouble. those interest payments the Apy. It's simply not worth it because you could get caught up in a horrible, horrible situation. Self-custody is the only reasonable option. and from Terra Luna until now, there's five to ten different blow-ups that absolutely exemplify this. Absolutely exemplify it. You know what doesn't exemplify good journalism? Coming back to the New York Times Shortly before the interview, Sam Bateman Freed posted a cryptic tweak the word What? Then he had tweeted the letter H asked to explain Sam Bateman Freed said he had planned to post the letter A and then the letter P it's going to be more than one word He said I'm making it up as I go So he's planning a series of cryptic tweaks. Yeah, something like that, but why I don't know he said I'm improvising I think it's time. What? What? For those of you who maybe miss out on this absolutely truly sociopathic thing Sam Bakeman Freed started on November 13th. What? And then he spelled out happened. Imagine seeing this. imagine being BlackRock uh Sequoia SoftBank the 24 Independent Auditors the MLB the NFL the NBA any sports, the F1 or individual people who trusted this guy after it blew up. he had the balls to do this. What is he trolling them? Dude, this guy is off his freaking rocker. Before we go on to how we concluded it because that came after all this. I Want to let you know that maybe he wasn't just doing this to be a troll? uh, why is Sam Pigman free deleting tweets and uh, tweeting to offset his total tweet count. A lot of people assume that maybe he had program like programmatically planned this so he could delete other tweets simultaneously so his tweet count wasn't changing, but he was tweeting something and something else was disappearing. so he was mostly getting rid of previous ones where he was like yeah, FTX You guys are like use, Users are fine, Everything's great. Don't worry about it in previous trolls like the day before you bloom, so most likely that was what was going down. But just to let you know the newest update of what he was saying. uh, not legal advice, not Financial advice. this is all as I remember it but my memory might be faulty in Parts uh I'll get to what happened, but for now, let's talk about where we are today. This was just six hours ago to the best of my knowledge as of post 11 7 with the potential for errors: Alameda had more assets than liabilities Alameda had margin position on FTX Ftxus had enough to repay all customers. Not everyone necessarily agrees with this. no many people don't My goal: My one goal is to do right by customers. I'm contributing what I can do? Uh, doing so I'm meeting in person with regulators and working with teams to do what we can for customers and after that, investors. But first customers. My goal: cleanup and focus on transparency make customers whole. Looking at all of this, this is a guy who truly believes he has done nothing wrong. like I swear we are getting a deep look into someone's mind. who as I alluded to before is completely off his rocker. This is insanity. We are staring Insanity in the face. This guy does not think he did anything wrong. He doesn't think he did anything wrong whatsoever. And now it's leading to situations such as this: Sam Bakeman Friedan co-founder of FTX Gary Wang being held under supervision by Bahamas authorities after planning to flee to Dubai and then that led to this one sandbankment free Faces possible trip to U.S for questioning over FDX crypto collapse Conversations between American Bohemian authorities are ongoing. At this point you might be thinking okay, yeah, I know the SEC should do something. This seems super illegal. He seems like the Madoff of our time like good. like let's get this going or you might be thinking, how did it possibly get this bad having Regulators learn from all these Crooks in the past and can better fight against that and that's all pretty fair. And that's where we really get into this video's breakdown of the corruption that currently surrounds us: Anthony Scaramucci whose skybridge capital has gotten caught up in the implosion of FTX He just said this at the Bloomberg New Economy Forum and it's a minute and a half. It's a worthwhile lesson and I just want to point out some of the things he said because I don't think he can say everything he wants and then I'm gonna start making some pretty wild connections. You know there were 25 Venture capitalists that invested in Sam's business. A lot of them right now. They don't want to share a stage with anybody. What is the mistake? Do you think it was The mistake? Investing in him was a mistake. Insufficient due diligence? Well, I Think you know. Listen: I Talked to a lot of my friends that were involved in the due diligence process. I Think it's very hard to protect yourself against that sort of misrepresentation. Let's call them this representation for right now. Um, you know if you're being shown a balance sheet that may or may not be accurate if you're being showed income statements that may or not be accurate that are being validated by Third parties, you know that's pretty rough. That's very hard to see through. If you're running a background check on somebody like Sam you're not going to find anything you know. Um, you know he was unblearnished if you will prior to this incident. So I think it's an issue of certain things are going to fall through the cracks whether you like it or not. Now remember he was giving me the money and so I was looking and I was doing a lot of due diligence on him, but clearly clearly not enough. And so I think it's important to explain that to people who share it with people. Um, because if just one person could avoid the Calamity that I'm living with right now this week and perhaps over the next how many weeks in terms of getting my Equity back? Uh, it's worth it for me to share the story with you. So right there. I trained Wall Street Professional with many other investors, many other VCS many other auditors. How did everyone miss it? I Feel like that's the goal in question? How did everyone possibly miss this? Well, this is the part where it gets a little bit more tinfoil Hattie it gets a little bit more kooky because we don't have definitive evidence. but where there's smoke, there's fire. And Gary Gensler the head of the SEC former professor at MIT The other thing I would add there is it is well known he has political aspirations most likely wants to be the Treasury Secretary, most likely hitching his wagon to the whole Elizabeth Warren train Glenn Ellison professor of Economics at MIT former boss of Gary Gensler Caroline Ellison Remember we were talking about the New York Times thing the Miss Ellison that's her the on-again off-again girlfriend to the boyfriend Sam Bateman free Caroline Ellison CEO of Alameda dated Sam Bakeman freed daughter of Glenn Ellison the guy who was Gary Gensler's boss at MIT and then obviously the direct connection to Sam Bakeman freed CEO of FTX MIT graduate And then this all comes to who was asleep at the wheel, who is asleep at the wheel Were they asleep? Were they knowingly missing everything going on? And those are all very, very fair things to ask and think. Conflicting reports emerge about SEC helping Bankman bankrupt Crypto Exchange FTX with legal loopholes. the SEC reportedly met with Crypto Exchange FTX and former CEO Sam Bakeman freed several times before the crypto firm filed for bankruptcy Scg chairman Gary Genzer was rumored to be helping FTX with legal loopholes. Just so you know, not everyone fully agrees with it. There are some contradicting viewpoints and I want to share those. Not only did the SEC Chairman make no promises to Bakeman Freed, but he also ordered them to provide much more in the way of disclosure Etc to the SEC about their model the journalists noted. So with that in mind of like clearly the Chairman of the SEC, let's just talk about Ftxus because that's obviously running in the U.S for U.S residents and users. So he wasn't happy with it, but the company was still running it was even running with this Congressman Tom Emmer on Thursday tweeted reports to my office allege he was helping Sam Bateman Freed and FDX work on legal loopholes to obtain a regulatory Monopoly We're looking into this so clearly two different signs there, but whatever it is, it doesn't seem good at all. The SEC and the Commodity Futures Training Commission the Cftc has been investigating FTX for alleged mishandling of customer funds in May in May, Just so you guys know for posterity's take, we're in November in May Genzer warned that Crypto Exchangeans often trade against their customers right there. That's something that like, hey, the guy you're talking to is he doing that? Is that something that maybe you should be a little bit more public about? Don't you have the power to shut it down and do some sort of SEC probe and figure out what in the world is going on right here? If you have that type of evidence as the chair of the SEC, don't you look into something or because of your previous connections or maybe your future aspirations? Are you maybe pulling away from it? And it's that latter part, the future aspirations that I want to get into? Look at this number six in the leaderboard of midterm donations in 2022. Number six on the leaderboard is Sam Bakeman Freed at 38.8 million dollars and he was also quoted saying he would spend up to a billion in the 2024 presidential election. This guy was buying himself credibility I.E the Formula One team the Miami Heat arena and he was also buying himself a get out of jail free card with politicians 38.8 million dollars in rumored to spend up to a billion in 2024. in fact, it was so bad that number three on this list set I don't think anyone should really be on. 67 million donated was Kenneth C Griffin He even had to share some insights on this one that all of us were worried about. You know, on the balance sheet of Ftx's line called Trump Lose Trump lose is what he said to democratic candidates I'm going to leave it to everybody else to draw their own conclusions about what you're saying here, right? Those are those are really, really ugly facts When you see a fraud of this magnitude having played out and you find no Regulators were there to prevent it, that's a really, really tough story we could talk for quite a while about. FTX Sadly, we don't have it. so am I saying that one's better than the other? No. I'm saying all of these are corrupt. You can't see this sane Wall Street Regulation Money. Political corruption on both sides. You're just not looking. You have one guy trying to dunk on the other dude even though he donated 67, the other guy almost donated 39. They're both trying to be hedge funds and market makers. literally. Ken Griffin A couple months ago just got an investment from Sequoia and Paradigm Sequoia Just so you know, also invested into FDX but both of them invested into Citadel particularly Citadel Securities because he wants to be the market maker for crypto. This is all a Cutthroat business and they are investing in politicians that are going to favor them so they can have more billions of dollars in their pocket. It's not a left thing. it's not a right thing. it's a political Wall Street Full of pieces of at the helm of this particular ship. It is insane. So with all of that, you might be thinking, man, how did the New York Times possibly write that? Don't you think that they owe their viewers and their readers and their members a little bit more truth? Did they possibly retract it? No. I Well, actually, in fact, they went completely the other way. Ftx's founder was called a Modern day. damn it. I Wanted to say that and get through without laughing. Hang on. Give me a second. Ftx's founder was called a Modern Day JP Morgan The analogy still works. You know what? New York Times You can go yourself. This is the dumbest. Are you kidding me? That analogy still works The guys just like JP Morgan even though previously we called him the Modern Day Warren Buffett We'll switch it up a little bit. We'll give you that so insanely. Wild To wrap this part up, if you want to follow, or if you want a really good breakdown of this whole debacle with more detail. Uh, you should read this thread that I have on the screen right now. It is a very, very good one. Uh, shout out to Jason Choi I recommend that everyone reads it. So that's the most recent up-to-date breakdown of what in the world's going on with the markets crypto FTX Gensler and all of that I need to know your thoughts. Let me know in a comment: move on very, very quickly. just so you know in the morning, uh, Walmart and Home Depot reported. uh, they actually technically both beat. but then Home Depot actually had a negative reaction. Then it ended up popping. but whatever. kind of a mixed bag. So I'm a little iffy on Lowe's but just you know Walmart beat. Which makes me think very much that Target's gonna be. And also, tomorrow, after the market closes, we have Nvidia If you're in the world of Gpus semiconductors, that type of thing I'm leaning a little bit more bullish, so I'm interested to see how that's going to go. And then we have Alibaba and JD Thursday and Friday Early this morning, it was announced that China's considering economic stimulus, so those types of plays probably going to have a if it comes true there's going to be a bullish reaction, but that's obviously a big old if. Today being Tuesday November 15th, we got the producer price index that came in at 0.2 instead of 0.4 That caused the market to rip. Early this morning, an hour before the market opened, we had a lot of Fed members speaking pretty much what you would expect of like yeah, no, we're still going to do 50 bips like situations so bad but we think we're going to be able to pull it off earlier in this stream. I Was talking about how an hour before the Market opens tomorrow, we're getting retail sales. This is incredibly important because it just tells us the strength of the consumer right now. Always an important metric to pay attention to. And obviously there's a host of other things coming on this week. Not only for tomorrow, we have a lot of Fed Members things going on in the housing market. a continuation of the FED members. The list goes on and on and on, so feel free to check this out on MarketWatch. But another thing that we got today, household debt soars at fastest Pace in 15 years as credit cards use surge. So this came out to the Fed. and just to connect it to how I think retail sales are going to go well all of a sudden, if debt's going up because credit cards are being used at an incredible rate, well, obviously retail sales, the smart bet is that it's going to come in higher than expected. We're at a 1.5 decade hot for credit card usage. Uh, to me, it seems like clearly the consumer is at least acting strong. Are they actually strong? I Have no idea. but for certain places such as Kohl's Macy's Target uh Amazon uh. the list goes on and on. Like where the consumers going to be spending money. It it seems pretty obvious that they're doing well because the consumer is spending a lot of money. Speaking of spending a lot of money Taiwan semiconductor stores 14 after the Oracle of Omaha Mr Warren Buffett Berkshire Hathaway buys four Billy of it Now I'm going to do a little bit more of a breakdown on this tomorrow because after I was really looking into his deal with Occidental Petroleum I finally decided to pull the trigger and that trade has worked out beautifully. So this one is going to be next up for me to do a deeper dive on why he picked this one. Why did he pick Taiwan Semiconductor when there's a chance that there's geopolitical conflicts with Taiwan Remember when Pelosi just visited, did he know something that we didn't Why does he like it more than AMD then Nvidia then Intel So I want to do a little bit more of a deep dive, but generally, especially when you're putting four Billy on the line. This is the type of thing that Warren rarely gets wrong, so just a little bit of food for thought to wrap up today's particular stream. Now this is a perfect time for questions, comments, concerns, anything along those lines. But before we get into it, two things: Number one: don't forget to check out the sponsor of today's video. uh, we're talking about Enviro Cleanse. They have laundry stuff, odor stuff, and also an air purifier and air filter. Make sure you're using that code Matt mat for a 10 off discount. And also, while I'm waiting for some questions to come in, don't forget to absolutely destroy that like button Helps with the algorithm on YouTube and also helps with the battle Leaderboard on Rumble It's always nice to show how dominant The Goonies are and obviously don't forget to subscribe if you enjoy this type of content. I Hope you do, but if you want to catch more of it, don't forget to subscribe and turn on that notification button. Thank you thank you thank you! I Truly appreciate it and with all that being said, let's see what your questions are. Uh, a How binding get to send more money to Ukraine without FDX to launder it? Uh, bombing? A military strategy? No political though. Look at the wartime press re-elections. Did you Barbell Stair Step: Oh so these were all individual ones. How binding? Gonna send more money to Ukraine without FTX to launder it? Dude, it's crazy. Isn't that wild Bombing a military strategy? No political though? Yes. I Fear that. Um, uh, just because a lot of times, like you're saying, it is common for wartime president to get reelected. That is the general gist of it. Did you Barbell Stair Step: Um, I did something even crazier. but like dude, that caffeine pill. We were talking about this like The Brick House dawn to dusk. Dude, this thing uh, I was reading it. It's just a lot of forms of caffeine, but whatever. However, it interacted with my body I'm not joking I could see sounds I was dming Robbie Insane things because my mind was moving at a hundred miles per hour. If you get one of these bad boys off of brick house, uh, take it early in the morning. don't take it anytime past noon because you are not going to be sleeping for an entire fortnight clubfoot. Billy 2.8 000 in here. Lfg Dude, what's up brother, What's going on Rumble Looks like the big party's on Rumble Uh, what else do we have? What else? Uh, drugs are bad. Uh, this is just a caffeine pill, but it's definitely bad if you take it post noon. I mean I I Did that mistake yesterday and in the middle of the night I was contemplating running a marathon. No joke. Uh, have you noticed that whenever there are major news brings out AMC's always want to pass on important level I Predicted something major will happen after eight? Um, that's some super conspiracy stuff are you saying that? Adam Aaron bombed Poland Christos Is that what you're trying to say NATO Meeting tomorrow? Talk to me. Yeah so it sounds like they're going to be Article 4 of kind I think it was article four of like a breakdown of it. like we're gonna have a meeting and decide what we're gonna do. um but like I was alluding to before I don't think it's the best idea to I Guess what's the best way to put this to kind of front run that information I mean there's a big big difference on Whose Missile it was of is it Russia's missile or Ukraine's missile and I don't know whose it was. So I'm not going to speak about it until we like you know have some specific answers. I'm up a bunch on the covered calls and puts that I sold to open. uh should I hold them till expiration or close that 50 gain and sell more again? Uh Steve I am a fan of like closing at that decent percentage gain and then rolling again. Uh uh what else? uh cabbage you crazy kid. Wait, what did Cabbage say? Order 66 Calm down Matt, you calm down. Matt is at Ground Zero not good in New York I mean I'm not really at the Freedom Tower Well folks, if you're watching this in real time, it sounds like we this is not the end of the day for big big news. I Don't know when you're watching this but I believe at eight or nine PM depending on where you are in the U.S Uh, there's going to be apparently a big address to the world from the former President. Donald Trump Uh, so whether you like them, love them, don't like them, hate them. Uh, it's gonna be a big news thing. and in the lens of the market, pay attention to Dwac Dwac which is this back that is associated with the former President's version of Twitter AKA True social going down in just a little bit. That's what I have for you today. I Truly appreciate even a second of your time. Thank you, thank you thank you on your way out. Don't forget to give a little bit of love to the sponsor. And don't forget to destroy the like button and hit that subscribe button. Have a Bea youthful evening I'll catch you tomorrow morning 9 A.M Bright and early. Be there or be square.