The Breakdown #779: Crypto, Markets, AI, and the Meme Economy

AI. If we had not had AI, we would be $8 billion less. Five IPOs, none of them would have happened because I use the AI to design the securities and solve all the tax problems and all the securities law issues. You know, so I'm a big believer in using AI to design new things. And look, I'm just, I focus upon digital credit and security, but there's someone there thinking about how to make the car drive and cure cancer. And like, aren't there like a hundred million problems that human race has to solve that we've, that you're like,

well, you're going to need a thousand people with PhD to solve that. Well, guess what? Now every 16 year old has a thousand PhDs at their fingertips. And so I'm very bullish. The world's going to be a much better place. And we're going to see an age of empowerment and abundance because of digital technology. And we could see a resumption of the primary trends in gold and Bitcoin, meaning gold resuming the uptrend and Bitcoin resuming the downtrend. And I think it's also interesting that the main driver of the Bitcoin enthusiasm

now in the buying is coming from strategy selling 11 and a half percent, you know, preferred in basically the equivalent of a Ponzi scheme, but creating a lot of demand by people who either don't know what's a Ponzi or don't care. They want 11 and a half percent yield. And so by offering people 11 and a half percent yield, Sailor has raised billions of dollars, which is then used to buy Bitcoin. But had he not fried people with 11 and a half percent yield, he would not have had the money to buy all that Bitcoin. So that's interesting

that the demand for Bitcoin is not because people want Bitcoin, it's because people want 11 and a half percent yield. Now they're not going to get it in the long run because the whole thing is going to collapse. But that's what's driving Bitcoin, not demand for the Bitcoin itself. People aren't buying strategy or stretch because they want Bitcoin. If they wanted Bitcoin, they'd just buy it. They're buying stretch because they'd have 11 and a half percent return than Bitcoin. Plus, there's a lot of unique technology

in Midnight that's going to make the use of Cardano safer. Like Midnight Passport will be the fastest state that can easily use Cardano. So we gain all the usability enhancements and other things. Plus, I'd argue that that is an essential component of the business, that Bitcoin is important. When you look at that side of it, you're like, okay, Bitcoin users, they want private security. So Cardano could do a lot of heavy lifting on the program inside, but what is the private

coordination layer is for all that. So we're actually working on the token, our Bitcoin DeFi setup, what we call it, the circle. So you start with Bitcoin and Caproot. I'm going to put 50 Bitcoins of my own money. It's a free bit for it. It works. So you start with Caproot and Bitcoin. You lend it to Stablecoin. So that'll occur on Cardano for a specialized transaction through the local grid. And then that Stablecoin would then be deployed into a yield-bearing instrument.

And then as you make yield, the yield is converted to Bitcoin, and then it's sent to your taproot. And then midnight coordinates all that makes it private. So you have like all three networks working together, and you have this circle. And then from the Bitcoin users perspective, you just give them a project, make money, click the button. And then it locks the Bitcoin. They just start generating a yield. The security actually enters with

Caproot on the Bitcoin network. So it meets my three rules that I have for Bitcoin DeFi. One, there's only Bitcoin, and the other's no Bitcoin. Bitcoin is better money than DeFi, obviously. It's also better money than gold. I believe it's the best form of money that humans have ever come across. Money being good, being that it's inflation poop. No one, no single person in the company or the government can print more money, can print money in the right way,

when you're holding your story. That's kind of one of the key things about money is if you work hard and make money, you don't want that money to kind of disappear over time, not from your own view. So that's key in Bitcoin. Bitcoin is the most critical thing. It is able to do that. If I could have the argument that real estate is better than the accordion. For a number of reasons, by the way, depending on who you are,

your audience will probably disagree because they're probably a bunch of Bitcoin maximalists that don't have as much Bitcoin as the real estate guy, by the way. No, I'll tell you right now. Hold on one second. See, that's the funny thing, dude. Me and my brother were talking about this yesterday. The guys that know the most seem to have the least. 100%, that I can probably agree with you on.

It should be a bigger issue within the crypto system and the ecosystem. I think it will be. I think privacy is going to be the new... In my view, and this is what I'm tasking the investment professionals at Mailstream to sort of figure out, I think that the standout shitcoin or few shitcoins of 2026 to 2028 will be related similarly shaped form to privacy.

We already saw the amazing move of Zcash over the last few months. I guess it's down 50% from the 780 high, but I think, again, my goal is, my mental model is 10 to 20% the value of the Bitcoin. That's what Zcash ends up, so much higher than where it is today. But taking away Zcash, what is the token project protocol that's going to utilize some privacy technology,

albeit something related to ZKs or knowledge groups, something where that's quantum resistance. Overloads can't penalize our data or see what we're doing. These are things that we are really afraid of, of what bad things that could happen with the proliferation of big tech, big government. For Trump to get elected and knowing that we share friends in the White House

for all the populist parties of Europe who are under attack, every single populist leader, if you look at the leaders, and my last documentary was called Silence. I've got 18 months in prison for my last documentary. The reason I aired it was because the documentary was so bigger than me. It's exactly what they're doing.

Lawfare has been weighed against... If you go through life, pick anyone. Pick Hurt Vilders, the leader of the Dutch pie. Pick Marie Le Pen, any politician in Europe. Anyone who has stood up and tried to speak against immigration and you will see a history.

Matteo Salvini, I was with him two days ago, the deputy prime minister of Italy, was prosecuted in 2020. They said he's nuts because he stopped the vote. He was prosecuted in 2021. He's in charge of a crime. The process is to punish them.

Every political leader who's tried to step up was charged. You saw a gun to ban them. You saw a gun to hack Jones. You saw what they're trying to do to Trump. That's happening across the board. There's just too many of them.

Let's hear it in the state. I think his public thinks he's dialectical. I'm very optimistic about the future. More... It's not because we're not in touch. We're doing a little bit of immigrant assimilation.

But the public are ready. The public will wait. So the other thing about it is there's a lot of political power to go. You know, it's going to have a meaningful impact in this political election.

And certain races that were just actually going to be lost are still in place because the government is coming in. And I think things are already actualised with the situation. A lot has had many conversations to try to get it into a better state.

And hopefully September 15th will actually get it up in line and have a lot of problems in the years of the activism. There were over 300 pages of adjustments and notifications and other things. I don't think anybody realises how much work's done into it.

As Tarkin said to Scott, I said, is there anything comparable? He said, you know, we worked on this three times longer than Obama worked on the CFC. And that was the response to 2008's financial crisis. I've talked about Solana and how I've dealt about Solana.

They started to win me over a little bit with all, you know, Goldman Sachs talking about how much money they have in Solana now. You know, like, all these major companies coming out and talking about how much they have in Solana or what they're building on Solana

and using Solana as rails. I mean, when you started hearing that, at some point you have to reinvent yourself or you have to adapt to the current situation There is no traffic on the period. So projects like both...

What first got you excited about blockchains? Think about it. Oh wait! I bet it was a multi-million dollar hacks, exposed data, or finding somewhere safe to store your seed phrase.

Was it? Maybe it was the idea of decentralising a broken financial system. Maybe it was imagining a world where people own their own data and get to sharing the value it creates.

Or maybe it was a promise of a fundamentally better way of connecting, communicating and transacting. The next phase of the internet that empowers us instead of exploiting us. So why hasn't that happened yet? Why are we still living with the same broken system

that blockchains promise to fix? It's because blockchains can't keep a secret. Enabling open transparent systems was only the first half of the challenge. For blockchains to really change the world, they also have to be able to protect our sensitive data

when it matters. And that's where we build midnight. To bring down the final barrier to mass adoption and unlock the full potential of the decentralized web. Let's build the internet we deserve. Together.

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and take control of your crypto. There is an astronaut conducting an emergency repair on a global communication satellite that is no dark at any moment. We have a second angle of this. Is that kind of FOMO?

Probably. I think for crazy crazy. Yeah, let's get back to it everybody. Position you take to the position you choose. On the highest end group, this satellite has been restored.

The crisis appears to be over. It's looking good too. There we go. United States of America representatives. Socialism does not work. Digital assets.

Is it better to move money at the speed of life? People are greedy when they also try to acquire gold. And here, providing electricity. And that energy that is necessary. I'm the modern day toast. There we go.

United States of America representatives. Socialism does not work. Digital assets. Is it better to move money at the speed of life? People are greedy when they also try to acquire gold. And here, providing electricity.

Electricity. And that energy that is necessary. I'm the modern day toast. Welcome, welcome, welcome to the breakdown. Episode 779. Man, I hear myself so loud and clear right now.

Oh my God, bro. I hear myself so loud and clear. You guys don't even understand. I'll tell the story. Once I'm done with this shit, bro. Man.

Anyway, welcome to episode 779. Sponsored by midnight. Midnight is the title sponsor of the show. It is August 31st. Oh my God. We're about to flip into September.

Also, Poly Market, Poly Market is the official prediction market sponsor of the breakdown. Also, cake wallet. Shout out to cake wallet, one of the most secure wallets. By the way, shout out to Leah. She is all over the goddamn continents, man.

I got to give a shout out to her all over the place, man. I got to give a shout out to her, man. Cake wallet, one of the most secure wallets that we have in this industry. You want to hold your Bitcoin Monero, Litecoin, Zcash on a secure wallet.

Go ahead and get yourself cake wallet. Also, you can go ahead and download Cupcake by going to cakewallet.com, refresh or factory reset your iPhone that you're probably not using and download. Go ahead and download it.

Yeah. Secure your assets, man. Also, FOMO, shout out to FOMO. I've been on FOMO. I've been using FOMO. By the way, we are.

I'm doing everything possible to transfer over. I think... I love TikTok, but I think it's YouTube that won me over this weekend. We... I didn't expect YouTube to really be that good.

But I was blown away. I was absolutely blown away by the setup and everything. I'm going to be doing dedicated YouTube streams and content starting this week. You will see me going ahead and doing that, particularly for obviously YouTube.

So, yeah. I'm excited, man. I'm excited to thank you for everybody who came out, you know, onto YouTube. I appreciate it. I appreciate it very much.

The support is like off the hook, man. I got to tell you, the support that y'all show me, it's unbelievable. It's really unbelievable. I'll probably be doing degening tonight. And what I mean by that is like, listen,

I'm all about the conviction plays. You know about all that stuff. Nothing's changed. Except the fact that like, sometimes I do like to go ahead and just trade into some good plays.

So what I mean by that is like, hey, if I take a fly on something and make some profit on it, make that profit and put it into an Augie or whatever it is. And we'll talk about Augie.

I don't know what's wrong with you guys. You guys refuse to hold. It's okay. Again, like I said, tomorrow, six months, four months down the line, it is what it is, man. You build the foundation this way, man.

It takes time. Brick by brick, right? That's what they say. Brick by brick. Yes, YouTube is better, man. It's much better.

And I can do so many things with it. It's just like, it's crazy. Anyway, let's bring up, let's bring it up here. Hold on. Where the hell is FOMO?

Ugh, this is nasty. This is nasty. Let's look at FOMO and Augie, man. Every day I said I would give an update on Augie. Ugh. That is, that is,

that is a weak hand. That is absolutely weak hand, let us hands. I see I've been overtaken on the number one position. But that is, that is disgusting. That is disgusting, man.

That is nasty work, man. Ugh. Is something happening with the markets that I don't know about? What the fuck is this? Ew. I don't know.

Maybe we go up, maybe we go down. Who knows? Who knows? Who knows? Who knows? Damn.

I've been watching also this side of the fence on FOMO, the bonding area, because I want to cast something early. Like, I want to catch a play early, early, early on. And I've been looking at Robin Hood,

I've also been looking at Robin Hood. Okay, definitely been looking at Robin Hood to look at what's popping off on Robin Hood. Robin Hood, if you guys tuned in to my show on Saturday,

which went into Sunday morning, essentially. But three, four hours, I was just, hopefully you guys got something of value from it, because I was just breaking down everything in the markets.

So, yeah. It is what it is. Again, four months, five months, nine months, never. The markets will usually decide what happens, but we'll get back to that

later on in the show. Also, let's go to this. Strategy adds $4,603 Bitcoin for a $370

million total, lifting its treasury to $845,000 Bitcoin. That's crazy. Let's bring Landy in who's in the back right now. Landy, where are you? What the hell?

Landy? Why aren't you coming up? That's weird. Are we experiencing technical difficulties here? Why doesn't my shit

say con? I swear I hate when people change my shit around men. Hold on. Let me change this real quick. So, it happens on a live show. Live show, you got to be

professional. For some reason, I don't see Landy. I don't see Landy. That's crazy. I've never seen that. But anyway, speaking of, strategies again adds

more Bitcoin. So, I don't know, bullish, I'm bullish. And like Michael Saylor said he was going to do this. He's not selling his own assets. No, it's not letting you on. It is not letting you on.

That's crazy. See, I'm testing this out. I'm here. Let's go back here. Yeah. I mean, I think that's a problem on Landy's side. Landy wants to come on. I obviously

talk about the markets. I made a retweet about something that Landy posted it because I think it's some time. I think, you know, me and Landy don't agree on

everything, but for the most part we agree on a lot of things. And I think people, people in this space lose because they don't seek out value. Some people have a hard time

listening. They don't seek out value. Hold on. I'm waiting to see if we can get Landy on here today. Doesn't look like Landy's going to come on with us. This is a first. I'm trying, Landy.

I'm trying to see what it's on. I don't know what's happening. Speak louder. Wait. I hear you though.

Why can't I see you? That's a little odd. It wasn't picking up my microphone just a minute ago either. It was telling me that my microphone access was denied.

And I was like, well, that's a little weird. Hold on, but that's really weird. Yeah. I'm not really sure what the problem is there.

I mean, I don't even know how to, I don't even know how to bring you on. That's weird. I wonder if I can look here.

Yeah, this might be a restream issue. I was having some problems on Friday too with some of the changes or updates that they made with restream.

Maybe you want to camera on. It might. Let me actually I'm going to tweak a few things and see if I can't try from your phone or something.

I've never seen this. I've never I've never experienced this era. No, I the network that I'm on right now is going to block phone access.

So this could be on my side. Yeah, it's a I'm somewhere where network access is heavily restricted. So. So yesterday I retweeted

you posted something up there and I usually don't do these retweets with phones and stuff. But you posted up that hey we might experience a pullback.

I was I didn't even say that it was more about that and it's more about pay attention to the next big pullback when it does occur, whether it's here from here or higher.

But you're alluding to it, essentially that it's happening. No, no, because there's still room to the upside we haven't we haven't met the conditions yet. But my point is, is that

on this move up you want to make plans for when it does occur because you should have areas of interest that you're looking to accumulate your favorite assets, right?

You don't want to just be surprised when it does pullback. A lot of people take it as oh, he's going to go short here and no, I'm actually evaluating, you know where the monthly closes

I still see potential further upside on the dailies although, you know, we need to see certain areas hold for price action. But when we do

see the next larger correction, not just on the dailies, but on the weekly time frame, you want to be prepared for it. You better prepare now because you want to prepare on the upside move because if the macro low does

end up being confirmed, you don't want to miss it. If it's not confirmed, then you have another chance to get your assets that you like even lower. I just

think that so basically the reason why I retweeted it is because I think that you have so many people who participate in the ecosystem

they just refuse to seek out value and then they complain they're like, oh man fuck the influencers. Now I complain

about influencers and KOLs and all that stuff, but like there are reasons why I'll complain about them. But when you have

value out there and you refuse to go ahead and just like tune in it's not like you're paying for it, it's free you tune in, you listen okay

I agree with this stuff, I don't agree with this but at least you sit back two ears one mouth it at least you're giving yourself a chance is my point you're giving yourself a chance

to do well in this industry but there's so many people that are just like so forget about value oh this is boring, it doesn't fit me

I rather go listen to hype okay I just rather listen to somebody hype me up and tell me that the bull is still here strong, we've already flipped it on the charts

you know I'm not going to say the name but I've been watching somebody who says they've called the bottom and that we're just going straight now and then I read a tweet yesterday and it says that

well we might get one more chance again I won't say names but that's what I'm reading and just like bro like that is exactly what we're talking about look I

I have been very clear and you know monthly is going to close for crypto monthly is closing obviously at 8pm 8pm Eastern

so zero UTC for folks internationally but 8 Eastern, 5 Pacific is when we get the monthly close today and

of course we had to start a war already well well there's been a war but I'm just saying we had to go ahead and start attacking and stuff and something that I want to point out here

that I think is very important how come we can bring this on but we can't bring this is crazy I can't bring my puppet PFP on it's weird what I'm going to do later is I got to maybe

do a few things around there might be camera access blocked for this particular location that might be the issue and it's just messing up with the way that restream does things but

big thing here is this is lower low structure even if it confirms here for bitcoin and I'm using bitcoin as a vector for the rest of the market look at your favorite asset whether it's Ethereum

or Solana or hyperliquids already in really good position it doesn't really matter where bitcoin goes in general the rest of the market is going to go and right now

this would just be another lower low so anybody telling you that oh the macro low is in even if they're right they're just front running the macro low isn't in this is just another

lower low the macro low is in once you get a structural change in price action so and it's okay if we got the main areas that I was looking for to the downside

if the macro low is going to be in 58 to 60 is what I've been talking about for a very very very long time well before we were still on the bull market I was talking about it but this area this lower high that we're in right now

on the monthly this is a reversal setup this was the the macro lower high of the bear market so if bitcoin breaches it and closes above

we're very likely going to set the low above $67,000 here for bitcoin and if it closes above 76 great that's awesome that that means that the bulls have recaptured

the close open macro lower high in a monthly basis what I would like to see is follow through with a close above 828 which is a retest

of this higher low structure over here yeah so I've talked about this with you for a long time that's great but that in and of itself is not

and does not mean that the macro lows and even if we get a trend break even if like let's say by tonight it closes above 828 which you know

has until 8pm eastern to do so if it doesn't do it then then we need to see probably next month you know the September candle do so but even if it were to close above it's all about the next move down

this is my point if it closes above and breaks it next move down if it closes inside of the swing area next move down is still going to tell us the story if it closes another lower high

doesn't matter next move down this next move down wherever it lands is going to define whether or not this is the macro low or has a chance to become

the macro low at this 58 to 60 area now the the macro low being formed

really shouldn't matter to you yeah because it's all about what are you going to do on the next move down are you going to accumulate are you going to set up for swing trades and that's where we can monitor things

on lower term timeframes to see if there's a good chance right in terms of timing I think there is a good chance we're coming into September where the next big move down may in fact be the one that tells us

if this macro area of interest is a good candidate that can form a macro low off of 58 to 60 that would be awesome

and we're right in the pocket of that time frame we've been talking about this for months and months and months it's up to 80 to 80 to 85 up to 83 to q4 that's when you want to be here in paying attention

and it's not about the move up this move up can continue we can go into the 90's for instance there is a path there for consolidation and move to the mid-eighties closes above 82 and a half to 83

for bitcoin we're likely looking in mid-eighties to upper-eighties a lower 90's fair game right and even if we don't Um, we've got plenty of room on the weekly to come down and put in macro higher low structures.

It relates to the last higher low off 62 and a half awesome. That's a 62 to here on index. Awesome. If we do that and we put in higher lows on the weekly, great, no great, you know, higher low equal low, then maybe we push up further and then we can gauge later. It's all about the next big move down.

And I do want to caution folks about something here is all the people were calling for the macro low to be in when we first hit, um, 60 K over here, right? And we started to form this uptrend. We had a lower high and then we had a higher low, higher high. Remember what happened? It's sold off into lower low structure.

That's why I'm talking about the next move down is the one you want to pay attention to because what do we have here? We had the low hit, we had a lower high, we had a higher low, higher high structure. So it's all about the next move down. I talked about it back here and talking about it again. You can't, you cannot take for granted.

Everybody's like macro lows, macro lows in because the weekly is in an uptrend and it's on higher high structure and higher low structure. Well macro low is in higher low structure, higher high structure again, but we haven't actually cracked the areas that I want to see cracked on a closing basis that would actually shift the narrative. So when I say things like, when I put a post out like that, I'm not saying I'm going short

right here right now. I think the bulls still have a shot as long as they're trading above 74 to 76. Yeah. Looking good. Looking good to keep testing upside. Get below there.

Well, we're starting to get into dangerous territory heading back to probably test 70 to 72. And look, that next big move down comes from here, comes from higher. This is what you want to pay attention to. This is why you show up every day. This is why you're in markets.

This is why you play the game. This is why you accumulate. This is why you set yourself. This is the timeframe in which you should be paying attention and it's not about the move up. Money, somebody made a timeline.

No one gives it flying F. All right. It's all about the next move down and what are you going to do and how are you going to position and what is your plan? So you better plan to take advantage of it and you better plan to take advantage of not just your initial plan. If you think it's going to be bullish, you also want worst case scenario in case

it does break down even lower. You want to have those two plans in place because one of them will hit or both of them will hit. Landy, are you still 30 70? Yes, until I see a close above the lower high on the monthly at 82 8 30 70. If we see a close above it, I will start to flip 50 50.

What what are what are the chances that you think that does happen? Like, honestly, like let's rip band-aids off. What do you what do you think? So I don't think we're going to get a close above 82 8 by 8 p.m. tonight. It's not looking that way right now. Doesn't mean that it can't, but it's looking like we won't do it this month.

But I think September has a chance to at least swing above there in the early goings. But if we start to break down from 74 to 76 as a zone, I'm going to I'm going to be looking for a correction lower. So I don't I don't necessarily think that we're going to see it in the early part of this week.

But I think this week is going to be an important one to watch to see if we consolidate and and kind of hang out in this area. Because this this zone that I have right here that Bitcoin is trading in is the the actual zone of interest that you need to pay attention to 76 to 82 8. This is the monthly lower high for trading in it. And as long as we're trading in this, I believe that we still have an

opportunity. Maybe not today, but in the course of the week, maybe in the next week, we have a chance at the top side. If we do start to fall under, well, there is support areas of interest in through these areas and even historical support over here. I would be looking for a move to, you know, anywhere below 74 to 76,

because I would give it room below 76 the monthly area in towards some of these areas over here to kind of swing around. But if we start to breach below 74, we're probably pretty quickly test some of the $65,000 highs down here. So that's what I'd be looking for. So you want to see this area hold for further potential upside.

But any kind of trader is looking at this as the majority of the move is likely over unless we see a nice consolidation here that kind of continues to go sideways before breaking out on the next leg up, which is maybe what we're looking at. That is actually a possibility here. When looking at this from a volatility perspective,

we had very volatile price action. I'm working on an indicator that has a whole bunch of stuff built in and all of it was turned on at the same time. So let me actually turn that off. You can see that we had a big volatile move to the upside. We were in a very tight compression, got very, very boring,

blast off to the upside. And this was going to go one of two ways. It was either going to trade above these highs and kick off expansion to the side. It was going to trade below these lows here. We did the upside move. I was looking for this.

I told you 62 and a half the Friday that we hit it that I was long. We'd still have mid-80s is fair game if we trade above. So 84 to 86 by the upper second, and then potentially even more to the low 90s. I wouldn't necessarily be looking for 93 and a half, but that is a major area of interest overhead.

It's a weekly, in fact, it's a weekly close open from the same structure that was in and around the pullback before the all-time highs. So 93 and a half, 93.6 is a major, major weekly overhead there. But if we do crack above 80, you know, 82 and a half, 83, mid-80s, 84 to 86 fair game above there. Low 80s to, I'm sorry, upper 80s to low 90s is fair game.

Mean reversion back to 72 would be fair game as well. I wouldn't want to see it losing 70 to 72 though, and that's where the basis is all the way back down to read. Otherwise, we'd be going all the way back down to retest the top side of this consolidation that we broke out of retracing the majority of the move. So you don't want to see that.

You want to see Bitcoin holding up in these areas. It can safely swing down to 74. You don't want to see closes below, at least on this move. Yeah. Let's go ahead and tune in some of your favorite bitcoiners. Ah, yes.

I don't hear anything. Yeah, I really love the whisper sync thing. I have a question for Joe, and then we can stop talking about the book if other people want other subjects. But so, Joe, what I've discovered when I, because I've done three books, is that when I do the audio version, I make sure that the hard copies,

Do you understand why it's so hard to get into Bitcoin? aren't finalized the interior with the words, because once you voice it out loud, or you hear it out loud, it does change a few things than in your mind when you wrote it, and so that you have that whisper sync working for audio and... I can't listen to that.

All right. So, look, I told you this a long time ago. A lot of Bitcoin maxis that from the early days, they sit around, they scream about Bitcoin as money, yet they haven't even moved Bitcoin in five to 10 years, and then they write a bunch of books. I wrote a book.

They sell those books to go buy more Bitcoin. I wrote a book. I'm writing books. I'm writing books. They do. I'm writing books.

They do the podcast circuits, they write books, and they don't actually use Bitcoin. They don't actually do... They don't follow price action. They scream, everything is bullish at the highs, everything is bullish at the lows,

and of course, broken clock, right, twice a day, right? Correct. But the fact of the matter is, they don't provide any real value. If you're looking for value in markets, especially for those that are looking to get into the market, you need to be able to identify value when it presents itself

to the downside. You can't think that everything is bullish all of the time, even if you are bullish on Bitcoin, even if you're bullish on crypto, you have to have some semblance of balance because you are bullish on these things.

You want to position yourself well so that you don't endure long periods of drawdown where your portfolio is red and then you eventually sell and price runs away from you, right? So, realistically, what I'm trying to do and what I've tried to do for a long time

is give people a holistic look at the markets, to the upside, to the downside, never getting too bullish, never getting too bearish, just giving you my honest opinion about where things could go and, more importantly, trying to illustrate my thoughts on how you position based on these things.

So, when I say things like, hey, it's all about the next move down, just because I think that things still have the potential to go higher from here, as long as we're trading above 74 to 76 on Bitcoin on closes, we have the potential to go up,

that doesn't mean that you should be like, oh my God, I should buy right here and just ride it up because it's going to go up. No, if it does go up, which you should be paying attention to is the next major move down

because that's where you have the ability to buy discount, that's where you get the fire sales, that's when you want to be in markets, that's when you want to actually pay attention and position yourself and have a freaking plan because if you have a plan,

you don't need to be a trader. You can get in on those lows or as it's coming down and you can position yourself for a much, even if you go into the negative, you can position yourself for a much shorter duration in the negative than in these people

who are calling for $250,000, $300,000, $500,000 Bitcoin at $126,000 when they're celebrating and whooping themselves and jerking off on the timeline all over the place about how great they are. Meanwhile, they haven't done a damn thing for these markets in years

and they lead a bunch of people astray who buy at $120,000, buy at $110,000 and they get washed out to the downside because so and so told them it was never going to go below $100,000. Well, that's where you need to make sure

that you have just a good holistic balanced view looking at markets position yourself accordingly and it doesn't mean that it has to hit every single bearish target that you're looking for

but at least you have targets that you're looking for that you're comfortable accumulating your favorite assets whether it be Bitcoin or something else and this is true of traditional markets as well.

Nothing moves up in a straight line. Nothing. It always comes back down even if it's in a longer term uptrend and that's your identify opportunity. Are you sure about that?

No. No. In fact, I've been told that I'm wrong and structure doesn't matter and everything is going to go to the moon. In fact, we're probably already on the moon. We just don't know it. You know,

Landy, I know you're frustrated. Never. I'm just talking real. I'm kidding, bro. No, I know. I'm just talking real though for the audience.

Look, some of these newer people don't know that we joke around a lot and they start messaging me and like, no, we're joking around and but I'm talking real shit here. Like there's a lot of people here

that lead people astray. David, I think that they do it because it's good for the timeline. It's good for the engagement. But but a lot of them stick to their guns even when they're wrong.

They stick to their guns when they're wrong, at least publicly. While they go and they delete, they delete all of their bad takes on the timeline. They disappear.

Poof, they're gone. All you see is the one take that they actually got right. And in what I love about you and what I do as well is that if I'm wrong about something,

I'm wrong about it. It's all good. I don't care if I'm wrong. It's about trying to give the best informative advice about what is going on in the markets.

You're more of a, hey, these are projects that I'm looking for. These are, you know, platforms that I'm looking for. These are chains that I'm looking for and what I'm looking at and why

and what your thesis is. Yeah. And and you've always DCA accumulate. Right. And it's something where like,

Oh, because you don't have to be right about having in that to the out of day buying Bitcoin in the very early days.

And most of them law by the way and so wrote books. They had to write damn books. I got to sell a book now. I got to have a copy pasta Bitcoin book. That's what half of these MFers out here are doing.

Copy pasta, ask Bitcoin books or they just write fan fiction. Just fan fiction about Bitcoin. Here by my fanfic novel about Bitcoin. Like screw you guys. You let so many poor people astray

that really believed in some of the in some of the crap you were putting out there. And then these same people get on board with people who are attacking different networks, especially Bitcoin. You know, let's screw them.

By the way, I just want to let everybody know I'm trying to sync everything up together. So like we we will be transferring everything over to and I said it was going to be kick. But I think it's YouTube, Landy, because I've been on YouTube.

I already streamed there twice. I fell in love with it. It's like the perfect setup for me. Like it's the perfect set of from what I want to go ahead and do. So shout out to YouTube.

I've really slept on YouTube. Big up to kick and everybody else. But I think YouTube is obviously on a different level. And especially if you're delivering, you go deliver content. You have a lot of people that are looking for it.

If you want to talk about the markets right now, you talk about crypto traditional markets. I think people go to YouTube to to figure it out, especially YouTube shorts and all that stuff. But also at the same time, we will have a I will have a space open live as we do this show as well.

For those who can't tune in, obviously you're driving, you're working, whatever it is. So you can go ahead and hear us have a conversation in regards to all topics. And you can hear your favorite personality come on here

where we interview them, have a conversation with them, and chop it up with them. You said something about my style. My style, I try to make it very simple, Landy. I can read charts. I have no problem looking at a chart.

I can understand it. For me, though, like I don't want to sit and look at a chart. I think my situation is a little bit different. I rather DCA. Do I leave money on the table?

Yes, I know that. I've always said that too. Like I leave money on the table. I probably leave like let's say a good $1 to $3 million on the table by not charting. But I rather DCA.

It doesn't it makes me feel good. I look the things that I DCA into, I believe in them. I think they'll do really well. I don't need to have panic attacks. That doesn't say anything about you.

Listen, you're a chartist. You look at charts all day long. You're trying to figure out an entry point. I get it. So like to each his own. And both can be good.

I don't advise people do what I do. I don't advise it. Can you hear me okay? Can I hear you? Why don't you advise it? Because trading is not for most people.

Off doing what you're talking about. And that is just DCA and downtrends and holding on and then taking profits and uptrends. Most people should not, you know, unless they're in it for the really long, long, long, long, long term,

should not be just blindly buying. Although that does help. You know, some people just have weekly buys set up. But DCA and longer term timeframe downtrends is the way to go. Trading wrecks a lot of people.

Right? It's not for everybody. You have to have a specific system. You can be skilled trading, Landy. Well, I'm skilled trader. You could be the most skilled trader in the world

and still get wrecked. No, if you're a skilled trader, you don't put yourself in a position to get wrecked. Hold on. You can grab the mic after this. Let me just tell you why I said that.

When you look at a chart, not everything's guaranteed to work out the way you see it. I mean, would you agree with me? Can you hear me? Man, your connection, it's really on you today. I'm having major network issues.

Yeah. I don't know if you heard. Do you hear me or no? Any actual trade? He doesn't hear me. Not a crypto.

Landy doesn't hear me. This is great. We're having technical difficulties. Obviously, Landy is having network connections, network connection problems. He'll be back.

But welcome to the breakdown. We'll be back right after this commercial break sponsored by midnight and FOMO and others. What first got you excited about blockchains? Think about it. Oh, wait.

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Let's try to bring Landy on. I don't know if Landy's wants to be able to come on. It's kind of weird. Only voice. Show some here.

That's a bit. Yeah. You are here, but only by voice. It's weird. I've never had that.

But welcome back to the show. Sponsored by Midnight. Also sponsored by Polymarket. Take wallet and FOMO. All right. I forgot what we were talking about.

Trading. I was trying to tell you something and then you didn't hear me in shift. Yeah, you were talking about trading or traders. Even the best traders.

Here's what I wanted to say about that. Like in actual, there's timeline traders that you see all the time. And then there's good traders. A good trader isn't going to be right

and doesn't expect to be right. That's why you position yourself accordingly with either bracketing ranges. I was short 65 and a half and long 62 and a half. I took profits on the way down

to 62 and a half in the range. And I let the price action stop me out on the short side of the position so I could ride the long side. It's all about risk management and trading. And there's people who are good at it

and there's people who are bad at it. And trading and charting are two different things too. You can chart something really, really well. That doesn't mean that you've traded it really well. And there's a big difference

between people who chart and people who trade. There's a lot of good chartists out there and many of them don't actually trade. But when you're actually in markets and you participate in markets

whether it be traditional markets or crypto markets, a really good trader is managing risk on an ongoing basis for their portfolio and their trades. I, on the other hand,

the way I trade is I'm hedging my portfolios. I've been in markets for a very long time. Very, very long time in traditional markets and a very long time now in crypto markets. So I am always hedging my portfolio to the downside,

meaning that I'm hedging against downside or downside protection. So when it's appropriate, I will take a short, for instance, in the markets to hedge my portfolio so that I can get more of the assets

that I'm looking to accumulate. I also do jump in and day trade. I jump in and day trade and it's all about risk management. You don't expect to be right with every trade. But if you have a trading system

and a plan in place, you are appropriately applying risk metrics to a given trade and you will hit some trades and you will miss others. You will get stopped out of some trades.

The whole point is to manage that risk so that you limit the drawdown and you see increased P&L and it's continuously growing over time. And it's about consistent growth, not about I got into something

and I made a million or $5 million or $10 million, although that can happen if you do a good trade. It's more about consistent portfolio growth and then protecting that portfolio.

That's what it's about at the end of the day. Oh, hey, it's you twice. I don't know. I really don't know what's happening. I don't know either, brother. I don't know either.

We're getting sabotaged. And look, my point about trading is there's a lot of people that just shouldn't trade. In fact, the majority that trade probably shouldn't trade

because many of them do not have good risk management and they often are trading based on vibes and not with an actual plan. And for those that think

that traditional market players, oh, they don't use TA and they don't actively trade. Are you kidding me? They have entire trading desks and market-making firms

and they are always trading. That is literally what the market is. It's all about the trade. Correct. Fundamentals and charts matter both. Both of them matter.

100%. It's just my personal opinion that even if you're really good at TA that doesn't mean that you win 100% of the time. No. No, and you shouldn't.

If you're winning on it... No, but that's the illusion that's given out there to the general public is that I win 100% of the time, look at my P&L,

and what you have is... This is what I'm trying to explain to you, Landy. I'm not taking shots of people who are there they trading all... No, I know you will.

I'm saying I'm not taking a shot at you so the audience doesn't think, oh, I'm coming out landy. No, what I'm saying is is that there are people that go on to social media

and they trade or pretend to trade or whatever they... I don't know what the fuck they're doing. Well, I know what they're doing. They're creating P&Ls that aren't realistic. They're putting it out there.

You never see a losing P&L, right? See, I would love to follow... I love following people that are just honest about what they're fucking doing. Like, here's what I think is respectable.

If you're a day trader or you trade and you do TA and you come out and you say one thing and it doesn't hit and then you come out and say,

you know what, I thought I sort of go in this way but it didn't. And then you explain that maybe you made corrections where you kind of even out.

You lost a little bit because you just kind of like sort into whatever it is. If you're just up front with that it gives people number one who are seeking to learn charts

a better understanding of how it works. Like if you're always winning, right? Then like, fuck, like this should be easy, right? So the expectations are, holy shit, all I got to do is learn how to chart

and I win. I'm going to make millions of dollars. And then when people learn how to chart, what happens? Like even when they learn how to chart, they're still fucking up.

You can be right on the chart and wrong on the trade. Like that happens to a lot of new people especially that just jump in doing exactly what you said. Thinking that they're, oh, I can chart it now

and now that means I'm automatically going to be good at trading it. And that's, those are two different skills that one does, does rely on the other. But in general, all you see on the timeline from a lot of the larger quote unquote

trading influencer accounts, not all of them. There's some really good ones out there but most of them are just showing you the win. They're just showing you all of their wins to give you this false sense of security

that you should be following them. And if you aren't doing it like them, then you're doing it wrong. But also so that they can shill you something that is likely going to get you wrecked. Right?

And often what they're doing is pure engagement farming. And this is the main reason that I even started to give my take on price action in the manner that I did. I got into a massive fight with very large accounts when I was doxxed.

And I told you about this. It was a, I encroached on a hidden, a hidden no-no that was not known to me at the time when I was doxxed. And that was don't mess with other people's money on the, because they have a shill,

a game that they're trying to push. And that is they're trying to sell you something on the back of these really bullish-looking charts or really bearish-looking charts that are one direction only. They are hitting you with those

and they're showing you that, hey, look at me, I called this. I was correct so that they can shill you something on the other side of it that was not cool at all. And I fought with them and called them out. And unfortunately what I didn't realize

is it was a very large, large network. And it made my life miserable, just getting attacked all the time behind the scenes on the timeline and everything else, which is why I went and on. And now I can say whatever the hell I want.

And there's some people who know who I am. That's fine, great, good for you. But now I can say whatever I want. I stick in my lane, I give people my perspective on where the potentials are and what the areas are

that people should be looking at on the chart. You come up with your own trading plan to trade that because I'm giving the conditions that I'm looking for to the upside and downside. If those hits, if those happen to hit, I'm already, I have my own trading plan.

My risk is going to be very different than somebody who's watching my content because they have their own risk for their portfolio. I have my own risk, you've got your own risk, they've got their own risk. You have to decide how you're going to trade it

when it gets to those areas. I have my own. And I don't bother showing PNLs. I can just go reference my videos. If you want to know how correct I am when it comes to my read on the markets,

go watch my videos. Not a single one has been deleted and they're all backed up so that I can always pull it up if something happens to one of the platforms. And they're across different platforms.

Listen, oh, this is not me ever questioning you. You know, at the end of the day, it's not me questioning you in terms of, you know, you looking at the markets. Again, everybody has their own style. And I always say that.

My style is, you know, I can give a fuck less about day trading. Sometimes maybe I'm in the mood and I do it and I have time. But I don't got time. You know, I work,

I'm working behind the scenes to build something. I don't have time. Yes. And people could say, hold on, David, you're into AI agents.

You can go ahead and do, I don't want to do that. I like trading. Like if I'm going to trade, I want to trade. But I don't want an AI agent trading for me. Mm-hmm.

So there's some fun in it that I like. But for me, it's just more comfortable DCAing. That's it. Like, and I wrote a post about this yesterday. I wrote a post which it's so fucking true though. Here, I'm going to read it out.

This is, I mean, how can anybody even argue with me on this? Cart, let's do this. If you put $5,000 into Zcash, near the 2,024 lows, and another $5,000 into Monaro,

near the 2,024 lows, that $10,000 would be about $300,000 today. Mm-hmm. So why am I, why am I going to chase green candles when in a bear market,

which I've been saying this entire time, in a bear market, that's when you accumulate really good fucking assets, right? You think Zcash is good, great, go get it. You think Monaro is good, great, go get it. You think Cardano is good, go get it.

You think Salon is good, go get it. There are a bunch of things you think they're good, go get it. Just look at their base, you know, like I look at base on, let's look at their previous performances. Now again, I can go into Chainlink

and Chainlink doesn't move, right? Chainlink went to $50 plus, Chainlink didn't do shit last cycle. Yep. But there are, listen, if you get into 10, at least in crypto,

I almost feel like you have a 50, 50 chance of 5 out of 10 going. So can you imagine if you went into the lows and you'd do nothing? You're already up on 10 grand, you're up, you're up, you're at 300, you're at 300k. You didn't have to go ahead and wait for your latest influencer

to come on with a bikini and tell you, hey, what are we looking at today? You know, you don't have to do any of that. If I traded those positions, could I've made, let's say if I did this, right? Let's say if I did this,

and then I also traded long, short, whatever it is, could I have made more money than the 300k? Yeah, but that comes down to time too, Landy, right? You can open up a long and short, but I'm saying you got to monitor it also, right? What if I get stuck on a call?

Yeah, what if I jump, am I going to jump off a fucking important phone call to go ahead and start closing up fucking my longs and shorts? Well, and this is why, you know, you and I have talked about this for a very long time, especially when we hit bear market territory for Bitcoin.

I was like, look, I'm DCA'ing here and lower, right? You're DCA'ing here and lower. That means long-term spot bag position filling, right? That's not a trade that is building out a portfolio. And that's something that even as a quote unquote, I get put in the trader bucket because I do trade,

but I'm a holder, like I hold these assets. I'm accumulating stocks in the stock market. I'm accumulating cryptocurrencies in the crypto markets and for the long-term, for the very long-term, for that generational wealth to pass down to my kids, you know, and the trades are ancillary to that.

The majority of my portfolio and a lot, and I think this is important to understand about me for the folks that know me as the TA guy in the trader, is that the majority of my portfolio is not actively traded at all. It's not. The trading portion of my portfolio is hedging that other portion of the portfolio

with the active trades and I'm buying on those big drops. Remember Q1 to Q2 this year, I told you, I'm in the stock market. I'm sweeping. I'm buying value. I'm doing the same thing here. I'm doing the same thing in crypto as I was in the stock markets, right? And then, you know, I'm going to be happy about some of the trades,

especially that oil trade off the big monthly when it ran to 115-120. I was happy about that. But also, I was buying the underlying as well. I wasn't just trading it and the same goes for Bitcoin. I talked about this, hey, below 80, we're going to get into my DCA zone, my primary DCA zone and I'm looking for,

I remember at 65, we were talking about this and I told you, we hit down to 60, we didn't fill my 60K orders. So I actually, the first spike down, the market was moving too fast to fill my orders. So what did I do? I told you here on this show, I put in a bunch of spot buys at $62,000, $63,000, $65,000, and I'm willing to accumulate here and lower and I did.

And if it goes lower, even from here, if it were to go lower again, I'm accumulating. These are long-term spot buys that are not trades. They are not to sell in the next six or eight months. They are to ride out for the longer term to enjoy that discount. And the rest of my trading portfolio,

which is a smaller portion of my overall portfolio, I get to play with and trade around and hedge and have fun with. And that all depends on your seat time too. There's periods of time where I don't trade because I just don't have the time to sit down at the computer. I don't have the time to respond to an alert that a level was hit on my phone.

I don't have time to make sure, to log in, to make sure that TP was hit or to make sure that it didn't shoot past a stop loss and try to hit liquidation on that particular position, right? Whatever it might be, I don't have the time to do that. So there's periods of time that I will not trade at all. And then there's periods of time when I do have the time to sit down

and I do have the time and the opportunity in the market to sit there and trade and do day trades and set up for swing trades or maybe even scalps. Those are very different skill sets than taking a look at a chart. Because taking a look at a chart is something that anybody can become adept at.

Taking advantage of and actually trading the market is a skill and it is a developed skill that takes a long time to actually perfect your system that works for you and your risk profile. Because once one person system may not fit what you're doing, you have to develop your own. And I like what you're doing.

I've always said that. I think that what you're doing is the smart play. You've got shit going on. You're building, right? Oh, you're muted. I'm sorry.

What I wanted to say is that I can't afford to... I don't have the time. I just don't have the time because I can get caught on a phone call and I can fuck myself. Yeah. Because then I'm making decisions.

I'm making one-second decisions, which that's not the position that you want to be in. No. Like you catch yourself like that. You fuck yourself and that's... Yeah, I mean, again, it goes back to each his own, right?

To each his own. If you have the time to trade, God bless you, man. And I hope you cake it. You know, I really hope you do well. I mean, I know that you're very skilled at what you do and I'm sure you cake and that's good.

You're acquiring more assets to hold. And that's really the game. At the end of the day, you have to figure out a style that ultimately allows you to stack stats, right? Like that to me at least is the game. That to me, not watching people hype up on the fucking timeline.

Yeah. Like anybody can do that. Anybody can hype up on the timeline. I mean, I'm reading a post right now that says, you know, Bitcoin's going to hit $5 million per coin. And it's like...

This is like, we're not even close to that. And it's to trigger FOMO in people, right? Like it's like being realistic about things, I think, is in separating reality from Hopium is something that the timeline is not going to give you. For sure.

And, you know, a lot of people that come here and watch your show, they value what you have to say about these things. People who watch my shows and follow me value the what I have to say about these things. And of course, there's always going to be haters. And, you know, sometimes even, you know, maybe a

hater will be right about something and that's great. Good on them. But the fact of the matter is that when you look around social media and you see the polar opposite takes, like right now you're seeing people calling for a million and $5 million bitcoin, for instance.

And then you see people calling for, you know, $20,000 bitcoin is dead, you know, all that kind of stuff. You get no in between, right? And the reality is that there is an in between. And there is a place in which you can position yourself in markets for the very long term.

And all you really have to pay attention to is what is happening in the market just generally. You don't have to be an expert. You don't have to be a TA guru or a trader. But pay attention to the general trend and have a plan. Have a plan for DCAing.

Have a plan for getting into the market. And be okay with that plan. Make sure that you've developed it to the point where you are comfortable if things don't go according to plan and understand that bitcoin probably not going anywhere. A lot of the majors probably not going anywhere

and understand that these are still very volatile, very new and young markets. And the potential is there for things to go much higher, yes. But if you really want to take advantage of it, just take advantage of it by having a plan for accumulation. And I think that your post perfectly illustrates that.

You know, I was looking at ZEC, looking even at Link. Link actually off the lows did very well. Off of its 2024 lows, it hit a $5 billion market cap, $5.5 billion market cap and sat there for multiple weeks. And now off of that low, if you were accumulating, and that was one of your accumulation zones,

even if you are looking at it possibly going lower, does it matter? No, because even if it were to go lower, you just get more lower, right? And so far off of that same area, if you had a plan, you're looking at on the current move up,

you're looking at about a 65% P&L on paper for that particular position. And that gives you time to sit back and go, hey, you know what, if Link does come back down to some of these areas, would I be comfortable picking up this low again?

Or would I be more comfortable picking up a higher low or a lower low? And where would that be? And that's really all you need to know. Would I be comfortable picking this up? Would I be able to actually hold,

not get scared out of my position on a bigger move down? And where would I want to actually position myself? And that is, that's a plan. And then you stick to your plan. Yeah. Which leads me into something on poly market.

Shout out to poly market. Poly market is the official prediction market sponsor of the breakdown. So we have had decision on September or in September, September 16th. Right now, we have a 25 basis point increase at a 59% rate here,

or excuse me, at 59% no change 41%. What do you think we go here? Since we're talking about the markets, what do you think Kevin does? Do you think Kevin, do we do we hike rates or do the rates go up by 25?

Or do you think there is no change? I think that one, I wouldn't be willing to make a bet on it right now until I see some more numbers coming out through the first part of this month. Because one of the big things that I would be watching is what he wants the market to decide.

Right. So he's not giving the dot plots. He wants the market to lead and the Fed to react to the market, not to lagging data. And he talked a lot about lagging data. Something that I've talked about as well

is when you're always looking backwards at this lagging data, you're going to be late in the decisions that you make as the Fed. So I think that it's going to be about where the market positions things. And the market is essentially pricing

through the bond market, through secondaries. They're pricing that 25 bips raise. That gives him room to do either. If the Fed wants to take advantage of a 25 bips raise, they can then raise rates 25 bips. Or they can let secondary continue to drive

and then only react when necessary because the secondary market is giving them room. Right. And instead of the secondary market waiting and reacting to the Fed, the Fed can wait and react to secondaries.

So it's going to come down to Wednesday, what does core PCE look like for inflation? What is preliminary GDP update to, and I'm sorry, this is for September. So we're looking at, in this case, sorry, I was a week behind, PMI.

You want to see if PMI, if we're seeing inflation and PMI prices, and if it stays sticky, we want to see where we are in terms of jobs. Because a lot of people are looking at employment. If employment is stable

and we're not seeing employment rate jump, and in fact, it's come down 0.1 percent and it's projected to stick around 0.1 percent. And we see non-farm payroll, maybe growing a little bit. Still, this gives them room to raise.

But I think he's going to look at the secondary market and the secondary market can price it the way they want. And then the Fed can either take advantage of it or hold. And the secondary market is looking at 25 bips raise and pricing that right now. And they can stay priced is that,

even if the Fed chooses not to raise. That is where I think things are headed. And he said rate increase, like somebody mapped it like three or four times in his speech at Jackson Hole. But his point wasn't that they need to raise.

His point was that the market's going to tell them if they should or not. And then they will have to raise. I wonder how Trump takes that. I think he will be fully on board with whatever Warsh's decision is.

You think if he raises rates that he will be on board with it? Yes, I think he'll be on board with it. I think percent and the Trump administration is aligned with the approach that Warsh is taking. You know how I feel about the Fed? Yes.

I don't know how much more suffocation can you, I mean, you're going to suffocate the market. I think that the market is, that's why he's taken the stance that he's taken is I'm going to let the market lead. And I think that's what the administration wants.

We have a big problem landing. Which we look at this 40 trillion dollars in debt, bro. It's literally just a number. It's about how you manage that debt. I get it, but it's 40 trillion. Sure, it's a lot.

It doesn't matter. It's about how it's managed and how much liquidity there is to actually take care of that debt because it's not going away anytime soon. But they're not doing anything to get rid of it. I mean, they want to outgrow it.

I get it, but like still like we're in a position today where it grew even more and I don't want to blame Trump. Well, here's it, but there's a big difference though because the approach is to outgrow it not through GDP price increases, right? And that's where if he were to raise

and tamp down some price increases, yes, it will have an impact on GDP. But here's the problem with GDP's metrics is GDP's metrics, it's a broken metric. GDP typically is very heavily weighted towards price increases and measuring that as growth

when it's not. That's why we have such a horrible K-shaped economy because those GDP metrics that we've been coaxed into believing our actual growth are not actual growth. Price increases are not growth. It kills growth.

And that's why we're in the problems and the positions that we are in here in the United States and other Western nations and other developed nations in general. GDP is a broken freaking metric in the way that they value growth.

Most of that growth, you'll see that we had a really hot GDP number when oil prices were at $115 per barrel. Yeah. So GDP was soaring and it's bullshit. You know why?

Because when GDP came down to 1.5% and slid in its projections, what came down with it? Oil prices, meaning inflation actually came down and then GDP is going, oh, well, GDP is down.

We've got to bash Trump over the head with this. No, they want real growth. What the Senate wants, what the administration wants and what Warsh wants is real economic growth, not price growth. Because if you're measuring price growth,

you're killing the people that are actually driving the economy and you're not getting real growth. So you grow the manufacturing sector. You grow the jobs sector. That's real GDP.

That's real economic growth. Price growth is not economic growth. It's BS. And this is why I think that they would be fine with whatever he decides in terms of a raise. Because the economy is now in a position

where we are in growth mode, not price growth mode as a focus. So if prices will go down in ebb and flow, what they want to prevent is price growth while preserving actual economic growth through the manufacturing and job side of things.

And we are starting to see the corners start to get turned in some of that regard. But what we have is a bunch of states and a bunch of politicians that are fighting against real growth for the American people

in the job sector, in the manufacturing sector. And that is the engine that will drive the United States forward and they're trying to stall that engine. And I think that we will turn the corner

this year into next year and we will see that real growth. And you're not going to see that in the headlines though because GDP might be all over the place, especially if they tamp down the inflationary price growth.

Landy. Yes, sir. So shout out to Polymarket also. Polymarket, the official protection market sponsor of the breakdown for providing those stats

and seeing where people's heads are out. Right now, Bitcoin's at $78,573. Still looking pretty strong. We'll see what happens. We will see what happens. For somebody, I'm bullish.

I'm always bullish when I have conversations on here. I'm bullish at Bitcoin, like I always say. At Bitcoin goes to $10, I'm bullish. Yep. So that's my mindset.

And hopefully people understand that. But the midterms are coming. Yes, sir. We're closing in here. And you got a war in Iran. That, you know, I think you got a war in Iran

that was like, I don't think people were even thinking about it for the last month. To be honest about it, I don't think there was many conversations about what's happening in Iran.

You have the influencers, you know, from the political influencers talking about it that don't like Trump, the woke right and the woke left. But not as much conversation about it

as you had in the beginning. So you have that popping off now again, because Trump, you got to love Trump. He goes on to his true social account. He poses a fucking AI video of complete destruction.

Vance had to go ahead and speak up about it. They press Prant, excuse me, they press them as he was going back to, I don't know if it was, what is he writing? What is he writing? Air Force?

To Air Force to and as he's standing there, you know, he's answering. He's like, yeah, I mean, like that's what we're doing, you know. But you have midterms coming.

People are thinking about Iran. People are thinking about still not being there. There's a portion of this country that is unable to go ahead and make ends meet. Like it's just that's the honest truth.

That'll always be the case. And of course, there's no argument there. But then I turn to you and say that Trump can go out there on TV, sit there on Fox News and say that, you know, America is the hottest country right now.

But we are. You know, hold on, but you understand from what standpoint I'm saying that. Yeah, and I don't care. But you have to though, Landy. I don't.

I don't have to. I don't have to do anything. And here's why. Okay, let me let me finish. And then I think that people, I think that people.

Hold on. I think that a lot. Not everybody. Everybody's lazy. There are there. There's a, you know,

if you look at the 42 million people on snap benefits, maybe it's lower. Maybe it's the same number, whatever it is. Could you say that 20% of those people can go get a job? Yeah.

More than that. Okay. But I'm just throwing out a number, right? Could you say 50% of those people can get a job? Yes, absolutely.

100%. But then let's talk about the other 50 that can't. So that they have, they are dependent on the government. Not because they want to change. It's just the situations that.

Yeah, but that hasn't changed. So no, no, but all I'm saying is there is, there are people doing well. Okay. We're very fortunate, right? There are a lot of people that are very fortunate

to be in really good positions to do well. Then there are people that aren't, they're just, whether it was Biden sleeping in office, you got Trump in office, they're still not, the system's still not working for them. So that's all I'm saying.

I can understand America is hot. People want to invest into America. You know, it's not like it was, America isn't what it was on the Biden. Okay, like we can have those conversations and I would agree with you.

Like we are, we are in a different, you know, people, I think countries respect the fuck out of us now. They're not going to fuck around with Trump because they know what Trump will do. Actually, nobody knows what the fucking Trump will do. But Trump ain't going to take your shit.

Yeah. From a power position and respect position, I think we got that regardless of what people say. But you still got to look at it that you still have Americans that are still struggling. So regardless of how we feel,

they're going to go out and vote on that, on how they feel. Okay. Now what's happening in long-term, what can happen? But they're a little, you know, they're going to vote for what's currently the situation.

Yeah, sure. I mean, we have poly markets saying that 51% chance of of the Democrats sweeping both the House and Senate. Sure. I mean, is this where we're heading? Do you, do you think this is where we're going to head

midterms that Democrats sweep both? I would, I would lean more towards Democrats take the House. Republicans retain the Senate because the crosstabs are reading that way as it stands right now. And I think that no matter who would be in office at this particular point, we would see,

obviously if it was Kamala in office, that we'd see a very, very different looking country at this particular juncture in time. But right now, as it stands, I, there's a lot of, there's always going to be people that are hurting in the system, whatever system, whatever that system looks like.

But especially so when you are trying to change the way that the system works, you're going to get a lot of discontent because people fall off the wagon that were on the wagon prior. And right now, when you shift a country from a contraction to a growth mode, you're going to get

a messy period of time where things are kind of all over the place. Now you introduce conflicts that could or couldn't happen, that doesn't really matter. You can't go back and say hindsight is 2020 and say that it would have been different because no one could predict what would have played out under a different administration.

But what you can say is that when you have a country that is shifted into growth mode and is beginning to try and turn the corner in the global system to enter that growth mode, it's going to be messy. You're going to get a political discourse that aligns here at home against that agenda.

And that is what we have seen to this point. You can't look at this current like people love to bring up gas prices. Gas prices were higher under Biden. Even at their highest that they've hit recently, they were still higher under Biden,

which is wild that the revisionist history wants to remember. They told you it was not a big deal at the time and that inflation was going to go away and like all of this kind of stuff. So when comparing those two, it is about what people are feeling in the moment, right?

If the media tells them it's all going to be okay and they get on board with that, then that's going to be the prevailing narrative that you're going to hear coming into midterms. But that is not the prevailing media narrative. The prevailing media narrative and the discourse

that surrounds that media narrative is that there is negative sentiment coming into these midterms. Reality paints an underlying different picture, all right? And my point behind this is that this is not a good idea. It is that this transitionary period

could result in Democrats taking the House and the Senate. Could it? Sure. Ooh, that would be bad. See, you think it's going to be bad, but this current House and Senate hasn't codified really any of the... Yeah, but then it makes it worse.

No, it doesn't. Because the administration is just going to continue to do what they're already doing. It doesn't make it worse. This is where I disagree with Rob, and obviously I just disagreed with you on this,

because I don't think that the Republicans, with the majority in the House and Senate, have done diddly squat to do anything to advance the agenda. And people go, well, what about the one big, beautiful bill? No, they packed it full of their special interests before they sent it up

and gave capitulations to the administration. They would have done the same with the Democrat. And everything that they've done since then was utilized that as a political football against the administration anyway. So they haven't done anything to codify the administration's agenda.

They have fought every step of the way on both sides of the aisle. So it doesn't matter if it's Democrat or Republican, the administration is still going to continue on. And this is to the point where they haven't codified the agenda to enough of a point where even the entire two years now coming into this midterms,

the administration's been having to go to the courts and fight and win each battle, battle by battle. That's not going to end even if Republicans retain, even if Republicans sweep. It's still not going to end. It's going to be the same outcome out of Congress

because they are fully aligned with the globalist agenda still. They do not want the American system to be revived under Trump. They are bought and paid for all of their staffers that actually run things in D.C. By the way, it's the staffers that run things in D.C. Half of these people that go to Washington, D.C.,

Brideght and Bushetail, what happens? They come out the other side, not completing any of the damn agenda. They'll tell you they tried, but they didn't do any of it because they get completely captured by the staff

that they end up bringing with them, ends up getting overtaken by the staffers in D.C. that know the ins and outs because they run the damn show. And it's the same across every single agency as well. Oh, we put in this head. Well, you're going to get,

unless you clear that staff, you're getting the same outcome because they will just stall agendas that they don't like. And this is where, no matter what, whether Republicans retain the Senate, whether Republicans sweep, whether Democrats sweep,

doesn't matter. The administration is going to continue to chug along in the direction that it's already been going. So I'm an unconcerned little puppet over here. I just say, you know, I know nothing's going to get done. There's going to be impeachments.

And you know who suffers the American people as usual. You know, I got to say, Landy, until we get, and I fuck with Trump, no matter, you know what it is, I have my own opinions. And sometimes they sound like I'm not supportive of Trump when I am. Like I support Trump.

I support the MAGA movement. But at the end of the day, I just like to call it for what it is from my side. It's my opinion. It's not, it doesn't mean that it's, you know, doesn't have to be your fact.

It's just my opinion on the situation. And for me, what I look at now is that I really hope and I really do hope that in the future, we bring in somebody who unifies this entire nation. Yeah, it will never happen. I get it.

But that we need somebody to come in and there needs to be. We need to bring America back to the table, bro. Like it really has to happen. I understand. It's a pipe dream. If you look at what's happening on the left and right, it's crazy.

I mean, the left and the the far left and far right are indistinguishable from each other. You understand why I'm going with that? Yeah, no, I know. So we need, we need to have somebody in office that and I get it, you know, Trump has a hard time because like they just hate him. Like he can, I mean, how many times has it been said,

like you can cure cancer and nobody, you know, they'll, they'll say why, but it's just, I get it. But what we have, David, is what is beautiful. We have a country where you can have the far left and the far right and you can have the middle. You can have the centrist middle ground as well. And we have the ability, at least for now, to actually have discourse, to actually battle out the ideas in public.

And we are so far, as it stands at this particular moment, we have not slid into the dystopian version of that where it's manufactured consent via the state's foot on your neck. Correct. Because that's the only unifier would be you need, you need the crazies on both sides. Because that just because they're crazy doesn't mean that there isn't one or two things that they're right about, the majority they could be wrong about, but that doesn't mean

that the one or two things that they don't call out are true. And we live in a beautiful country that allows us the freedom to still, we were, we were dangerously close to this not being a country where this would be accepted still. Because manufactured consent via the boot on the neck of the American people was coming and you could see it coming when COVID was hit, was hitting and you could see it come. We got a preview and that should scare the ever loving crap out of any leftist and any

far leftist and any far right person that should scare the crap out of you. Because we were nearly there and we pulled back from the brink. And that is something that we are now seeing the foot on the neck of other nations, populations already beginning to stomp down to manufacture that consent. When you can be put in prison for a tweet on social media that is really milk toast, that is when you're getting banned because you have a different idea than the prevailing

narrative that's being painted by large corporations or the government. That's when you need to, you need to actually start questioning whether or not we live in a free nation. And that doesn't mean that everything is great right now as it stands. But the fact of the matter is I don't want manufactured consent. I don't want a uniter. I want, I don't want a divider, but I don't want a uniter. I want somebody who is willing to listen to both sides, even as disparate as they are and take the best ideas from both sides.

I honestly do think, and I know people hate when I say this, I think that Trump is that guy because he is not a Republican. He does not govern like a Republican. He is willing to expand social safety nets and has done so, but it's under, it's, this is where people go, no, he's not. Well, no, it's, it's if you're an American citizen and you really need these benefits, I want to expand them for you. We're going to contract elsewhere. Oh, the policy that he's in, here's the action, they can't even point to the data that points against that. So my, my biggest

point behind it is I think that Trump is that guy and that's why they all hate him. That's why they hate him on both sides because he is that guy that is taking some of the best ideas from the Democrat side of the aisle and from the Republican side of the aisle and has been trying to join the, that those ideas through policy together and they don't like that. They want their ideas on each side of the aisle to be the only ideas that went out and they aren't interested in the American people. They are interested in global society

because they want to use the American system or the current American system, not the American system of old, as is, as a piggy bank in order to continue to bend the American people over and American citizens over for all of the different money, cash, equity, and, and continue to build out the globe and not just America. And it's not going to work that way. We are headed into a world where resource scarcity is the name of the game and whoever can capture that those resources and, and maintain a firm grip on the flow of those resources is going to be the long-term

winner and Trump has already enacted that through Venezuela, through actions in Iran, through tariffs, through pressure on other countries, through deals with other countries. He's starting to tighten that grip and that's why the screaming is so loud right now out of Western nations, why it's so loud out of the banker to the north, London banker to the north, a foreigner running a sovereign nation to the north, a foreigner with by the way an entirely Democrat, American Democrat staff, just so you know who the globalists are, right?

Carney's entire staff is built out with former Obama and Biden staffers. Okay. And, and, and, and they are American citizens that are building out that are part of that build out of his staff. And of course, where is he from? He's an Englishman. He's an Englishman, man. He's a London banker that warmed his way into the into the into the Americas through Canada. And now is running that nation. He's the one spearheading the actual banking side of things to run against Bessent. And Bessent knows the game, knows exactly what's going on. And look,

I think that the globalist system that they were trying to build, they recognize as dead. So they're taking to other tactics. And those tactics are work through the American media and American social media to try and obfuscate what an American system is, what that looks like, how it would work and how it would benefit the American people by just muddying it up with a whole bunch of bullshit. And the American people may not recognize it until it's already done and built. And that's going to happen over the next two years. And it's going to be

regardless of who is in Congress, does not matter who's in Congress. Well, it does not matter. I don't think it does. I know that people are scared, though, there's a lot on the right that are scared. A lot of Republicans that are scared that the Democrats are going to take back and stifle the agenda. And I think, nope. I think that it's just status quo. They've already been working very hard to stifle the agenda. It's just that the media will change

the narrative to make everything very, very bleak because they want to win 2028 and the Marco Rubio can get in there and hopefully wreck shop. Well, we'll see what happens. Want to give a round of applause to you. Puppet is on here today, but he can be on here today. For some reason, he can't be on here today, but he's speaking. You hear his voice. I'm the flag in the background. Flag in the background. The flag in the background. Yeah, we'll see what happens, man. We'll see what happens. Let's

see where we close today and let's see what September brings us, right? Question before I go. And we're going to be talking about this a lot over the next few years. Rubio or Vance leading the ticket, because I think they're both going to be on the ticket. I hope that I just, I mean, it's going to have to be Vance and Rubio. I don't think, I don't think I don't see how Vance says, you know what? Hold on. Can he be vice president again? Yeah, of course. I don't know if he would do that though. I just don't, I don't know.

I think Rubio's the guy. He probably is, but at the end of the day, I don't see it. I don't see, you know what it is? This is a long topic. This is a topic we can talk about, because Rubio is Rubio. At the end of the day, you know what you're going to get with Rubio. You know how Rubio feels. I think what would advance the sentiment is the previous history of his remarks towards Trump. I think that might be on your head. No, I don't like his connections to the Silicon Valley guys, the technocrats.

I get it, but I think it's not about nothing. I think he can make a good president. I don't think he can be a bad president. I think that he'd do well, but I'd prefer Rubio. I said this to you even as. I mean, Rubio is a very, Rubio is like mini Trump. No, he's not. Rubio is very much a American system guy. You don't get what I mean by mini Trump. I think Vance is more of a mini Trump than anything else, but in perception,

they're just going to equate everything that he does to Trump. I think Rubio is like, what I mean by that, he has this like no nonsense type of like, this is how it's going to be kind of thing. Trump has it. It's just that Rubio knows how to speak better than Trump. So there is no limits to how long or how many terms as vice president. Totally forgot about that. He could be vice president for 12 years in a row and then

become president later. No, but respectfully, like I've never really This sucks, but I never really care for the VP. Well, I mean, yeah, I get it. I would rather. What does the VP do? It's what Robert Kennedy Jr. said, you know, RFK Jr. said, he was like, I don't want to be the VP because all you do is just put you into a house and that's it. I mean, Vance has been more, you know, at the end of the day, like if you think

about it, Vance has been more out there than, you know, then yeah, I agree. So it's like people are seeing Vance and that's actually a good thing for him. Because usually the VPs are buried, right? You don't really hear much from them. Like you didn't want to really hear much from Kamala. No. And during a lot because you could hear Obama's term, Biden disappeared during Obama's term. You basically never heard about anything that Biden was doing under Obama's term.

So, you know, what does the VP do? I think VP, honestly, I think the VP just does PR charity work. Well, I mean, they obviously have tasks that they are in charge of. But you get what I'm saying. I get it in terms of public perception. Hey, guys, you fly over to, you know, Pakistan, let's, you know, for the, you know, sell some fucking some fucking ceremony and some shit.

I don't know. It's like that's the VP. I would never want to be the VP. I mean, if you become the VP, right? Well, technically, if you become the VP, you get to learn under, you get to learn how to be president. But like if you need to learn how to be president, you shouldn't be president. Well, I think about what I said. I mean, the founding fathers, I can understand Washington Adams.

Like I get that whole scenario. But like now it's like if you're if you're good enough to be president, like Senate or House, like you learn, you know, you learn politics and then you go. The VP plays a really important role, obviously there, if something happens to the president. But the VP plays a really important role in terms of enacting the president's agenda. And one of the big things that I think has been a really big and this is this is a big drawback

and I think a big detriment for Vance in terms of the voter base is he has been unable to gather Congress while we hold the House and Senate. He's been unable to gather support to codify major portions of the administration's agenda. And I think that with the big test for him, and he was kind of thrown to the wolves knowing what was going to happen, was his dealings with Iran and him spearheading that. Right.

I think Trump test was testing him because Trump also kind of threw him to the wolves, knew that the MOU was going to be violated so that they could get their 60 day clock reset, which means that that's actually a debt at the detriment publicly to to his VP in terms of optics, right? Trump knew what he was doing. Trump knew that the MOU was going to be violated.

He knew he was going to reset the 60 day clock yet he sent his VP. And other surrogates in the administration to work that deal out knowing that they were going to catch a bunch of flak for it and come out the other side with a negative optic with negative optics. Meanwhile, you have very good optics for Rubio at the same time with the Shield of America initiative with other dealings around the world in terms of, you know, with China and other nations and stuff like that with very positive optics,

even via the media, even via the adversarial media, knowing that Vance was going to take the optics hit. So I think it's a very interesting tactical, political game that the administration is playing in terms of a setup for a 2028 run for the two of them. So that's why I find it, I find it very, very, and this could be Trump also testing loyalties within the administration.

So I'm going to, I'm, I think it's just going to be a really cool topic to talk about because I really like Rubio. I think that he would be a fantastic president. But I wouldn't be, I think he'd be closer to getting people coming together than anybody else. I just want to say that I'm not against, I'm not against Rubio coming in. Like that's not, but I just don't see like, if I'm the VP right now and I'm working my ass,

so if I just don't see myself saying, okay, you know. Yeah. No, I get it. I get what you're saying. I also have a tough time seeing a scenario in which Rubio is top of ticket because Vance is the VP.

I agree. And also Vance is, you know, they've done some optics recovery with Vance since the MOU stuff as well. So I think that it's going to be interesting to watch play out. And it's, I think that more importantly, less so what ends up happening during the midterms in terms of who gets in power for Congress.

I think more importantly is what is the optics positioning surrounding it. Less so who is actually in power of Republican or Democrat. And more so, what is the optics position? Because there is an advantage for the Republicans if there is a Democrat House and Senate. And that is, they're probably going to be do nothings. Yeah.

Right. Because they're in an internal conflict of their own making and they're trying to move the needle so that they can be seen as the moderates against their own party and the mag aside. So they're trying to position themselves against, even though they're the proponents of the DSA candidates through the actual funding mechanisms. So if you look at the nonprofit funding mechanisms, it's all Democrat establishment

figures through these nonprofits that are funding a lot of these DSA people anyway, but giving them the out of like, oh, it's a nonprofit, right? But it's actual traditional Democrat establishment figures. And what they're doing is they want to prop them up, put them in position, and then rally against them when their policies fail and they're do nothings in those particular positions and then position themselves as moderates between the far left and the far right.

Because they're trying to triage their own optics because they ran so far left for so long that they need to be able to ditch that. And they need to have, they can't just say, MAGA, MAGA, MAGA, they need to be able to ditch it on their own side too. So you build it up, you ditch it, you move to the middle, and then you do optics arbitrage between the two.

And I think that's what's going to happen with the Democrats. And it's going to be the most interesting talking points, I think, for the next two years. Well, ladies and gentlemen, we'll be back tomorrow at 12 p.m. To go ahead and do the breakdown. Hopefully, Landy can join us. The puppet on screen can go ahead and join us.

You can tune into the puppet tonight at 9 p.m. Eastern Standard Time as he brings to you the market update. And we shall see where the market closes. He'll break that down. I'll be on YouTube today. So check that out.

We'll be maybe searching for the next gem out there while positioning ourselves for the next run. I've been saying this the entire time. I am positioning myself, making sure that my portfolio does extremely well in the bull market. Bottom line. And I'm also obviously, I've stated this repetitively, building out my own thing. Besides building out Gokshin Media.

Shout out to everybody a part of Gokshin Media. I'm building out my things that I want to build out. And you'll only hear them from my official channels and nobody else. Landy, it's been a pleasure. Yes, sir. And I'll chop it up with you later and good luck tonight at 9 p.m.

With the market update. Yeah, I appreciate you, David. Thank you. Appreciate you big time. That is Landy, everybody. Landy the gentleman, Landy.

Landy the gentleman. Let's give him a round of applause. Landy, Landy, Landy. And on that note, guys tune in probably in an hour or two from now. I'll be going live on YouTube on YouTube studio. I shouldn't even say YouTube studio, but live on YouTube.

I'll be streaming and I'll be looking at the next plays or plays that I should have in my port. Maybe there's a play out there that I haven't looked at. I don't know. I just want to go ahead and take a look or even talk about how where I am at with the $5k to $1 million challenge. So we'll see what we do.

Anyway, or maybe there's something to talk about on crypto that I'll talk about. Regardless, it's on YouTube. On that note, guys, thank you so much for tuning in. Appreciate everybody. I'm out.