Altman Crypto Robbery, $6000 Gold, Fed Print, Germany WAR, DC Shooter CIA Linked, RIP Amazon

gold going to $6,000. Vladimir Putin

saying there really is no deal with

Ukraine. We'll talk about that. Uh and

the potential for stocks and real estate

to take off uh following this individual

Steve Hank going through his opinion on

the money supply expanding and what that

could mean for a massive bull run. Uh

we've also got updates on the DC

shooting suspect and a lot of other

things to talk about. Happy

Thanksgiving. Black Friday sale is live

at mekevin.com and reinvest.co. Co.

Let's get started. So, first thing,

let's talk about the DC shooting

suspect. This is him. Apparently, he

drove from Washington to Washington DC.

So, Washington state to Washington DC.

He's got a wife and five kids and

apparently used to work for a CIA quote

unquote death squad. So apparently the

CIA back in Afghanistan would train what

were called zero units uh also known as

counterterrorism pursuit teams and they

were trained to conduct night raids and

clandestine missions across Afghanistan

during the US war in the country. Also

had a reputation for ruthlessness and

drew criticism from human rights groups.

The suspect who's from Afghanistan was

assigned to the 03 unit according to an

Afghan intelligence official uh who has

obviously now somehow gotten radicalized

not apparently caring about his wife or

his three children. Shooting in the head

Sarah Beckrom and Andrew Wolf. Sarah 20

years old. Her father says she has a

mortal wound. Both of them are in

critical condition. Uh and Andrew Wolf

24 years old. Uh the individual had

temporary protective status in 2021

and apparently recently received as

received asylum potentially under Trump

uh though still from that 2021 Biden

protective status uh as after the uh

troop withdrawal in Afghanistan. He was

one of the individuals who got temporary

protective status and came over here. So

unclear if he was radicalized then or

now. What happened? We don't know. He

was shot four times. uh he shot the uh

uh National Guard's folks with a 357

Smith and Wesson. And so we'll see what

happens here. Obviously terrible uh and

really sad. I mean just terrible right

here the day before Thanksgiving

regarding Vladimir Putin. Vladimir Putin

is not a surprise downplaying the

Ukraine peace plan as potentially Jared

Kushner but certainly Witkoff heads to

Moscow to discuss it. I'm just going to

give you the fact here first. So Putin

is basically saying that we don't have a

plan. This is an outline for discussion.

So this 28point peace plan or treaty is

not formal. We're nowhere near nothing

in terms of getting this done. This is

just an outline of a plan. It's a

concept of a plan, so to speak. Uh and

if you might remember, this is the

current map. In red, you have uh Russian

control territory. in dark red. Uh you

have the uh front lines, if you will.

The current quote unquote idea or

concept of a plan would freeze Kzon uh

and uh this region here along the battle

lines whereas all of the neesque even

though all of the neesque isn't actually

controlled by Russia yet would go to

Russia. Uh although uh Ukraine would

supposedly continue to have access to

the the Nepo River. uh pretty vital uh

supply chain route here and economic

route which remember 90% of eastern or

90% of natural gas and oil production or

critical energy production in Ukraine

90% of it occurs in the eastern side of

Ukraine which is exactly the side that

Russia is trying to get control over.

So, we'll see. My that's sort of like

that's the fact side. My opinion

quickly. My opinion is that Vladimir

Putin does not want to end this war. I

think that Putin is playing Trump to buy

time. I think Putin is deathly afraid of

tomahawk missiles getting, you know,

sent to Kiev to Ukraine and that those

end up becoming an opportunity for

really tilting the balance of the war.

And I do not think that Putin wants this

at all. And so he'll do whatever he can

by either continuing to manipulate

Donald Trump into saying Donald Trump is

brilliant and this war wouldn't have

happened if it weren't for, you know,

uh, Trump uh, losing the 2020 election.

Whatever. I think Putin will do whatever

he needs to do to buy time and that

there's no intention to actually end

this war. Meanwhile, there's also talk

that uh Germany is building out their

battle plans in the event that we break

into an all-out war uh with Russia by

2029. German officials said they expect

Russia will be ready and willing to

attack NATO in 2029. A string of spying

incidents and sabotage attacks suggest

it could be preparing Russia could be

preparing to pounce against NATO

countries sooner. Uh Rin Mattel, by the

way, the German defense company, their

stock has almost tripled since February.

And apparently Germany uh has a 1200page

war plan for making sure that Germany is

prepared for being the sort of

infrastructure and staging ground

conduit for war against Russia. With the

German autobond designed to turn into

landing strips, guardrails can easily be

unccllicked. Mobile air traffic control

towers can be set up. Some say that

apparently the US highways are also

designed to do this to carry troops and

supplies. Uh, what a throwback to the

truth and reconciliation. Who remembers

Halo? Truth and reconciliation. The

enemy has captured Captain Keys and

they're holding them aboard one of their

cruisers. Anyway, sorry. Uh, but anyway,

uh, very interesting. Apparently, this

is the true in US highways as well with

US highways having bridge overpasses at

13.5 ft so that way ICBMs can be

transported across the highways. Very

interesting. But apparently Germany also

has hidden fuel tanks under parking

areas off of highways. And Germany is

being seen as a staging ground. Those

notes, by the way, in the Meet Kevin

app. Keep in mind the pricing for that

Meet Kevin membership uh is live for

Black Friday. So you get all nine

courses, including the brand new

Reinvest course, which will be releasing

on December 1st. Every trade alert,

every private live stream, every alpha

report, you get that Black Friday sale

over at meetke.com. But for now, let's

go take a listen to Steve Hank, who says

that we could see a massive explosion in

asset prices and gold as quantitative

tightening ends in December. Keep in

mind, he is of the impression that the

expansion of the money supply is what's

going to drive this. If you look at the

expansion of M2, you can see we've gone

from 2022 and three from this sort of

negative expansion in the money supply

to a positive pace that's roughly on par

with what we've seen between 2010 and

201 uh 2020. So that sort of decade of

stock market gains. He's seeing that

could be a tailwind for the economy

here. Uh and he'll talk recession in

just a moment. Let's listen in. often

but they have an enormous impact on the

growth rate and the money supply and the

capacity of commercial banks to actually

extend credit and once they extend

credit of course that increases the rate

of growth in the money supply.

So what

what what has happened is that there's

something called the um special

liquidity ratio

supplemental excuse me supplemental

liquidity ratio and and that that was

imposed on banks after the great

financial crisis in 2008

and they're going to remove that now by

removing that and deregulating shall we

say that will have an enormous impact on

the capacity of commercial banks to to

make loans. It'll give them a lot.

>> Okay, here it is. So, basically saying

banking regulation loosening is going to

give big banks a big opportunity to pump

money. And what's that going to do? A

>> lot more potential firepower.

Uh the estimates are around $2.6

trillion

in capacity. So, so that's a big change

that that no one pays much attention to,

but it's big and that along with

quantitative tightening and this

continued pressure from the White House

to loosen up, lower the Fed funds rate,

that that that's a little bit of a

yellow light flashing in my eyes when I

look at what's going on because what

will happen, I think, maybe is that

we'll get an acceleration in the growth

rate in the money supply and of course

we'll have inflation won't be contained.

Mhm.

>> Uh and and uh by the way, the the bubble

in the stock market will continue to

expand

because if you if you have acceleration

and and

>> bullish

>> the money supply, just like we had the

last time in 2020 and 2021, Julia, what

happened? The first thing that happens

with a lag is that asset prices go up,

real estate goes up, land prices go up,

the stock market goes up, all all assets

inflate.

>> Mhm.

>> So all assets inflate because we're

potentially getting looser regulation of

the banks and more lending capacity.

Now, there's a little problem with that

because the SEC is now suing, well,

probing at least potentially going to

sue uh Jeff over First Brands. Now,

that's a problem because the banks get

nervous that when private credit goes

poopsy dupsies, they're going to be, you

know, on the hook if they lend to these

companies. So, what do they do? They

lend less. And so, you have this con

constriction in private credit, but then

you have the monetary, you know, money

supply expanding. So, a little bit of a

risk here that liquidity risk get worse

on private credit but potentially better

on lower bank regulation. Consider that

right now the SEC is investigating

Jeffre because apparently Jeff may not

have given enough disclosure on the

first brand's lending issues be and that

there were potentially conflicts of

interest because of a side letter and

financing arrangements for First Brands.

Now, even if you don't care much about

that, think about it basically like

this. Imagine First Brands is saying,

"Hey, you know, we're going to take on

debt at a 5% cap over Sofur." So, let's

call it 9%. Okay? But then First Brand

has a side deal with Jeff and they're

like, "Hey, but we'll sell you this

these these receivables at a 10 or 20%

discount. So, the effective yield is

like 9.9 or 10.8%."

What basically that discount means

through the side arrangement is First

Brands is destroying their gross profit

margins. you know, if they have 20%

gross profit margins and they're selling

their income at a 20% discount, they

have no gross margin left. They they

basically screw investors. And the SEC

is alleging, hey, you didn't disclose

this kind of crap. Now, not only is

First Brands in trouble because they're

going bankrupt. I mean, they they're in

bankruptcy, but Jeff could be in trouble

for these undisclosed fees. And that's a

big red flag because people are like,

uh-oh. You know, that's exactly how you

could end up getting a constriction in

bank lending because now the SEC is

coming after these people for shy loan

deals as the SEC should. Kind of wild.

So, that could be a little flip story to

what Steve is saying here, but I agree

with him on the expansion of the money

supply and real estate expanding as

rates come down. Mostly because as rates

come down, what do we expect? more

people to unlock the leverage available

in their homes, more home mobility, more

potential sales, more potential buyers.

Be really interesting. Which is kind of

the perfect segue into if you haven't

yet seen the AI that we're releasing, go

check it out. It drops next month. It's

on pre-sale now. So, you can lock in

lifetime access to our artificial

intelligence by going to reinvest.co or

househack.com. It's my real estate

startup. So, if you're an investor in

Houseack or you want to be, you could

also invest. just read the offering

circular and disclosures with

disclosures with it. But you go to

houseack.com reinvest.co same company.

Here's what you get. You get the app.

You get lifetime access. You get all the

development phases of release that are

coming. And you can check that out over

at houseack.com. You can also invest in

the business if you want that separate

which is kind of cool. We got that black

Friday pricing up. Anyway, so that's on

Jeffre. Now let's go back to Steve uh

and see what else uh he's got for us

because he's got a few things especially

on gold potentially rocketing which is

interesting. Uh, of course he first

though touches on the labor market. So

let's just see his notes on the labor

market right here.

>> Smoothly the in the US the the labor

markets getting a little weaker. And and

by the way that also is another tip off

as to what the Fed will do because

>> right rates down because labor market

weakening.

>> The Fed historically has always kept his

eye more on the labor market than

anything else. And and now, by the way,

they don't keep their eye on the money

supply at all. They they poo pooed the

quantity theory of money and the whole

idea that there's a connection between

changes in the money supply and changes

in asset prices, changes in economic

activity, changes in inflation. The the

chairman Powell is has rejected all of

that in in

>> right in favor basically of cutting

rates because the labor market is

weakening. Now, let's look at the gold

to 6,000 scenario. This is part of his

inflation scenario. Jacob here in the

chat is asking, "Can you bundle uh both

of them?" The easiest way to do that,

honestly, buy the Meet Kevin membership.

Once you're in, you should get the

upsell offer with the course member

coupon for the Reinvest AI. So, like

that's probably the easiest way to

bundle it. Just buy the Mev membership,

get in, get the course member coupon,

uh, and then get the Reinvest AI. If you

are a course member already, go look at

our last daily wealth uh sorry, not

daily wealth, look at our last uh alpha

report and you'll see the course member

coupon code is in there. So if you join

the me Kevin a uh you know alpha report,

go to the last alpha report. The course

member coupon is in there in like the

first three lines and you'll get the

course member discount. All right, let's

look at the gold part. So the gold part

was 27 minutes in about 50ish. Gold

going to 6,000.

Fundamentally, I think we we are in a

secular bull market

>> for gold.

>> And I I've indicated I think the top is

probably around $6,000 an ounce

>> for gold. Now, he thinks that because of

the money supply expanding and this

this, you know, recessionary fear that

the Fed is fighting. Now, he does give

us his his, you know, opinion on whether

or not we're going to go into a

recession. Uh he does that right here.

might make it make it through without

much of a slowdown. If

>> if this acceleration in the money supply

that we talked about earlier, if that

actually occurs,

>> basically if we keep seeing the money

supply accelerate, we could soft land.

We could get through this soft patch in

labor. And he gives us odds on it. Mhm.

>> So, I'm kind of I'm kind of in in terms

of the real economy,

>> I'm kind of on the fence right now

because I number one, I I I've missed

the slowdown part of the thing

and and and but but there's still some

things in there that that that make me

watch and that that's what's going on in

the labor market. The labor

>> basically 50/50 shot here. He's kind of

like me, you know? I'm like 5050. I'm

like teeter tottering. I'm like, I don't

know, man. This labor market weekends,

we could smash into recession or we

could soft land. And he's arguing that

the money supply could be exactly why we

end up rocketing off. Uh now, in

addition to this, if you haven't seen it

yet, there's a video circulating of Sam

Olman's boyfriend getting robbed by of

of 1 million. So apparently uh there's

this is the footage of uh the

robber coming up to the house posing as

a delivery driver. Look at this delivery

driver hooded right here. Poses as a

delivery driver. Rings the bell. You'd

actually see in just a moment. Where is

it? Him pull out his gun

right here. Was it? No, that's a phone.

Where's the gunshot?

can't see it. In in one of the shots,

you end up seeing a gun, but here he's

talking to

>> uh Sam Alman's former boyfriend, and he

ends up saying, "Oh, I don't have a pen.

You know, I need you to sign. You mind

if I borrow a pen?

>> I need you to sign for this.

And then he just ends up pushing his way

in.

>> Damn. Do you have a pen?

>> Uh, you got to look for Yeah, I got you.

>> And this is where he follows him in. So

ask for a pen. Guy turns his back to

look for a pen. And that's

so it's unclear if that sound is a

gunshot or something falling over or

whatever. But at this point, this robber

apparently gags and and ties up uh Sam

Halman's former boyfriend and steals $11

million

uh in crypto. Uh the guy was at his $4.4

$4 million condo on Dorland Street. And

uh this happened at about 6:45 p.m. Cops

arrived. Oh, cops arrived at 6:45, found

the victim suffering from minor

injuries, including bruising. Suspect

pulled a gun on the resident, tied him

up with duct tape before draining his

crypto accounts and stealing the

victim's phone and laptop.

Gunman stole $11 million worth of

Ethereum and Bitcoin.

believed to be a hit by an organized uh

crime group. Latchy Groom.

Uh yeah.

Oopsies.

There they are together.

Uh Sam Alman and uh Latchy Lackey Lackey

Groom, venture capitalist and

ex-boyfriend

of Sam Alman.

Uh okay. Then uh we have uh a little

note in the Wall Street Journal today

which I thought was very interesting

about Charlie Mer. Charlie Munger

apparently

uh helped not only create this

Mungerville in Monaceto, California, but

also partnered with a childhood friend

to invest in their real estate company

called Aftton Properties and after a few

years offered to back their company,

graduating, UI said, basically backing

them with billions of dollars to now

this company becoming one of the largest

owners in low-rise apartments in

California. So Charlie Munger before his

death bankrolling a real estate startup

in California. Wow. That's like I mean

kind of a a pitch for investing in

Southern California real estate. Huh.

Charlie Munger sees the value in it. And

it makes sense because they just don't

build enough out here. So I totally get

why I mean Charlie Munger doing it is

exactly what I've been saying on the

channel for years about uh California

real estate. It's it's actually really

incredible. So big fan of that from

Charlie Munger. So, you know, I wasn't

super happy about some of the latest

last inter like the last CNBC interview

I thought with Charlie Mer and Becky

Quick was a little sad. I sort of

lamented about not having more and you

know, Becky Quick even replies with like

you have billions. He's like, but I

could have had trillions. It's like oh,

you know, would the would have could

have, should like I I wish that upon no

one that you get to like a late stage in

life and you end up being in a uh would

a could have should have uh you know

position. that that makes me a little

nervous. Uh but anyway, then uh another

thing that's going on is you've got uh

Coffeezilla hitting on the we are not

Enron piece.

>> We are not Enron. And as usual, anytime

anyone invokes the name, I am summoned

like a spirit to judge.

>> Right? So, you know, this was in

Nvidia's response letter to uh to the

Michael Bur complaints, which Michael

Bur also talked about how he was

involved in pushing GameStop to uh

institute a massive buyback for GME back

in like 2019 uh and replace board

members who were mismanaging funds. Uh I

actually thought it was incredible that

uh Bur is bringing that up. But uh I

want to get to the meat of the Voidzilla

video which which is right around here

>> before there is revenues to support it

for the hyperscalers like Google,

Amazon, Microsoft. It just doesn't make

sense. And that's his argument. It's not

a question of whether AI is real or not.

It's just a question of do you need this

before there is demand for it. But now

we're

>> well and and that's the the problem is

it takes years to build out data

centers. So the idea is that you know I

mean even the economist was talking

about this yesterday and I tweeted about

this. The economist was talking about

this like are we actually going to have

the revenues to support this sort of

spending that these that's going on with

capex here and the question is maybe uh

maybe not. Uh and uh you know the

biggest sort of canary in the coal mine

people say is open AAI with $13 billion

of revenue and they're making a trillion

dollars in spending commitments which is

wild right? And so I tweeted this

yesterday. I go, "Ironically, I'm

listening to the economist talk about

where are these AI revenues going to

come from to support artificial

intelligence capex." And I mean, like,

we paid for quite a few Blackwell chips

yesterday with the amount of revenue

that we saw yesterday alone from people

investing in the the Reinvest AI

product. Uh, which is

pretty remarkable. Uh, but anyway, let's

uh let's get more to the meat of this

here. We're going to dive deep into this

criticism of depreciation. Basically,

these GPUs are not valuable past a few

years or are they valuable for six

years? Because Nvidia said in their

whole response to Michael Bur and you

know the the haters, they said rebutting

this claim, some companies have

increased useful life estimates to

reflect the fact that GPUs remain useful

and profitable for longer than

originally anticipated. has to do

because this has to do with the A100s

that A100s are still useful beyond uh

you know at this point they've they're

still at 100% utilization as of you know

8 with on an 8-year-old product. So

again the bur depreciation argument

which you know he tries to explain here

the bur depreciation argument is going

to be a problem in the future once we

start seeing lending get constrained

that's when it matters when lending

slows down that's when you're going to

see capex growth slow down when

companies can't pull a meta and take on

$30 billion of debt on offbalance sheet

debt because blue owl's taking out the

debt when that sort of lending and the

special purpose vehicles like that end.

When the market starts punishing these

companies, which they already are on

Blue Owl, when this punishment

continues, then the lending stops, when

the lending stops for this capex, then

the capex spending stops, then all of a

sudden demand for the GPUs or TPUs like

Google TPUs, which might not be out

until 27, or the AMD uh chips or Nvidia

chips. Now, when those slow down, uh,

that's all of a sudden where you get a

an excess supply of new chips. When you

get an excess supply of new chips, then

the value of the old chips will

collapse. Then depreciation curves will

compress and then Michael Bur will be

right. But we have a long time to go

before we actually start seeing an

excess supply of GPUs or even TPUs.

We're not just there yet.

So this idea about invoking Enron or we

are not Enron, it is wrong today, but in

the future it will probably be exactly

right, just not yet. We get to look

forward to that. Now, one other thing

that I want to touch on here on

Thanksgiving. Happy Thanksgiving, by the

way. Appreciate you all being here. Uh I

was actually texting with some of you

because some of you text me, uh which

you can do. Do I still have that little

button that you can press? I think it's

this this text button here. Is this is

it going to come up? Yeah, there it is.

If you text that number, you can text

me. I I'll go on there again after I

post this. But, um, I was texting with

some of you on here. Uh, is I, you know,

said happy Thanksgiving. And some of you

had questions about like the the AI

product at reinvest.co or the Meet Kevin

membership at me.com Black Friday sale.

Uh, that's already live. But anyway, uh

I was messaging with some of you and it

got me thinking about like some of you

who who do drive and work for Amazon. Uh

and it got me thinking about

>> corruption is not bad.

>> Oops.

>> Corruption is only bad if I'm not

involved.

>> Yeah, that's that's the the I don't know

why all that played there when I went

switched back to main. I've got to fix

that. But anyway, that's what we used.

That's a great meme. Have you seen that

meme yet? And then I'll get to my point

here. We were playing this because we

were looking at alt 5 and the crypto

scam uh and how it's like politically so

corrupt.

>> Corruption is not bad.

Corruption is only bad if I'm not

involved.

>> Corruption is only bad if I'm not part

of it. But anyway, we're here from the

beginning or started watching last week.

>> So, we're watching this guy's video

basically talking about like how his DSP

closed early, which is a delivery

service partner. And basically how there

are these companies that, you know, rich

people like this football guy uh from

the Jets. I guess he bought this DSP and

uh ran it for a while, but then got

overwhelmed with how much work was

involved. So he, you know, basically

hired other people to run the business.

And so what a surprise when other people

run the business for you and you're no

longer involved. It ends up going

bankrupt. But anyway, that DSP ended up

going bankrupt. But it got me thinking

about like how the delivery service

system works. And I actually can't help

but think it's brilliant for Amazon.

It's a I feel like it's kind of a scam,

but it's brilliant for Amazon because

what Amazon gets to do is they take the

last mile delivery portion of Amazon's

business, which is the most complicated

business, the most expensive part of the

business in my opinion, the nastiest

part, dealing with last service mile

delivery employees. If Amazon franchises

that out by making it a glorified

opportunity for people to own a part of

the Amazon logistics network, third

party logistics, then Amazon doesn't

have to deal with the worst part, the

high turnover part of the business, the

benefits, stock comp, insuranceances,

workers comp, health insurance, payroll

taxes, all the drama, potentially even

liability on lost items. I don't know

about that part, but but anyway, if

Amazon Amazon pitches this your

opportunity to own a business as hard as

you do, you know, and then they put, you

know, individuals here and they're like

happy. Oh, look, I own a third party

logistics business. This could be you.

You know, people could be cheering you

as you run your your uh uh you know,

your your drivers network or whatever. A

day in the life. Each day you'll be

assigned with reviewing and assigning

routes and checking in with your team.

Do a safety meeting. then send everybody

out with their equipment in the app.

They try to like almost like glorify how

like, oh, you could be an owner and you

could grow with this, but this is like

the nastiest part of the business, dude.

The absolute crap end of the Amazon

stack. Amazon basically franchises out

the worst part of the business to sell

you the idea of running a startup. It is

so brilliant, Amazon. And it actually

makes you think like, yeah, Amazon stock

probably go up on that, but it is the

worst part of the business. It's no

surprise that these DSP companies go

bankrupt or close because it's the worst

part of the stack. I wish being a DSP on

no one. It probably has a greater

failure rate than restaurants.

Restaurants have a massive failure rate.

It's crazy. Absolutely crazy. So anyway,

thanks for watching on Thanksgiving. Uh,

if you want, utilize that Black Friday

coupon code over at meetke.com or

reinvest.co. If you haven't yet

considered investing in house hack or

what we do with real estate, make sure

to read the offering circular. You get

paid a 5% yield through conversion. You

get all the upside on the stock. You can

invest with credit card awire. There are

no fees for you on investing and there

are also no fees on the damn investment.

This isn't some Grant Cardone bull crap

where you're going to pay a 35%

waterfall and a an acquisition fee and a

disposition fee and a you know a

management asset under management fee.

This is actually investing on the

company that I want to keep growing for

the next 60 plus years as long as I

possibly can. Knock on wood. So I

appreciate y'all. Love you all. Check

out the Black Friday sale on the

Reinvest AI on the Meke Kevin membership

at meekke.com. Reinvest.co PO for the AI

or investing and uh have a wonderful

Thanksgiving out there, folks. We'll see

you tomorrow for the half day. All

right, folks. Goodbye.

>> Why not advertise these things that you

told us here? I feel like nobody else

knows about this.

>> We'll we'll try a little advertising and

see how it goes.

>> Congratulations, man. You have done so

much. People love you. People look up to

you.

>> Kevin Praath there, financial analyst

and YouTuber. Meet Kevin. Always great

to get your take.