TRANSCRIPTEnglish

News Today & DOGE / Trump News: The Meet Kevin Report [02/16/25]

32m 19s5,611 words801 segmentsEnglish

FULL TRANSCRIPT

0:00

today we're going to discuss Elon musk's

0:02

condoms and the lack of use of condoms

0:06

we're going to discuss my wife on Elon

0:09

Musk we'll talk about three wins that

0:12

have occurred with Elon as well as Panic

0:14

around Tesla there's also a big Federal

0:17

Reserve problem that occurs this week we

0:19

should talk about as well as the Javier

0:22

Malay rug pole it's another good one to

0:25

talk about as well as uh Bitcoin while

0:27

we're at it uh so the first thing that

0:29

we should really touch on is this idea

0:31

that $50 million of condoms were sent to

0:34

Gaza mosm Beek this was initially

0:36

misconstrued by Doge and Elon Musk as

0:39

being $50 million for the Gaza Strip

0:41

which then they claimed must have

0:43

obviously been for Hamas terrorists

0:45

because who else is there what's really

0:47

concerning here is that this new

0:50

governmental agency of efficiency that

0:52

was created apparently can't even fact

0:55

check themselves despite having access

0:58

to all of the data see what's

1:00

frustrating is us As Americans many of

1:03

us voted for this sort of change in

1:07

American government and

1:09

transparency yet apparently what we're

1:12

getting is a bunch of clickbait from

1:14

people like Elon Musk without actual

1:17

facts cor

1:19

corroborating their statements now this

1:22

is frustrating because we're supposed to

1:24

look up to people like Elon Musk the

1:26

entrepreneur of a

1:28

generation but but listen to this

1:31

because not only does he acknowledge

1:33

that he's wrong about the $50 million

1:34

going to the Gaza Strip but then doubles

1:37

down on this idea that wait a minute

1:38

well you know okay well well maybe it

1:39

was $50 million to mosm Beek which I

1:42

don't know that that seems bad

1:44

too over what time frame did we just

1:47

send them a check have we ever sent them

1:49

those condoms before why would we

1:52

possibly send condoms to MOS and Beek is

1:54

there any benefit to doing that should

1:57

we just cut all of that and invest it in

2:00

tax breaks in the United States or maybe

2:02

even stimulus checks again because we'll

2:03

save so much money after all we spend a

2:06

whole 1 and a half% of our US GDP on

2:09

foreign aid so maybe we should just ax

2:12

100% of our foreign aid spending and

2:15

then let's see a $4.4 trillion budget

2:18

1.5% we'll have a good $66 billion to

2:22

hand out in stimy checks okay fine let's

2:26

do it let's calculate $66 billion how

2:29

many people we got in America like 340

2:31

mil all right 660 billion people so

2:36

billion dollars that' be a lot of people

2:39

not there yet with the population and so

2:41

far population R declining divided by

2:44

340 million people we would all get a

2:49

delicious stimulus check of

2:51

$194 so if we cut our entire us Aid

2:56

foreign aid budget to zero every every

2:59

single person in the United States would

3:01

get

3:01

$194 and you know what there are a lot

3:03

of people that say let's grow let's go I

3:05

I want my

3:06

$194 I don't want to pay for anything in

3:09

mosm

3:11

Beek that's

3:13

fine but it is the responsibility of

3:16

leaders like Elon Musk to be blunt with

3:18

us about where the damn money is going

3:20

if he's the one with access to the

3:22

information that he should be giving us

3:23

the correct information how are we

3:25

supposed to know I don't I can't walk up

3:28

to the treasury Department and look up

3:30

the records that Elon has to fact check

3:32

him but he doesn't even know himself and

3:35

this is frustrating now this is just the

3:37

beginning of what we're going to talk

3:38

about remember we got to talk about my

3:39

wife on Elon

3:41

Musk but first let's listen to this and

3:43

then let's do a little bit of fact

3:44

checking with what we can with the

3:46

limited that we have available you said

3:49

on X that an example of the fraud uh

3:52

that you have cited was $50 million of

3:55

condoms was sent to Gaza but after fact

3:59

check this it apparently Gaza in mosm

4:02

Beek and the program was to protect them

4:05

against HIV so can you correct this

4:07

statements it wasn't sent to Hamas

4:09

actually it was sent to mozambik which

4:11

makes sense why condoms was sent there

4:13

and how can make we make sure that all

4:15

the statements that you said were uh

4:17

correct so we can trust what you say

4:19

well first of all uh some of the things

4:21

that I say will be incorrect and and

4:23

should be corrected so admirable

4:25

admirable mind you that is admirable but

4:28

what do you get pointed out multiple

4:31

times before this moment here it's not

4:33

like he got cornered on the stage this

4:34

has already been a big deal for a while

4:36

maybe you should say hey yo Doge team

4:39

can you give me the actual facts on this

4:40

so I don't look like a fool twice

4:42

nobody's going to bat a thousand I mean

4:44

any you know we will make mistakes but

4:46

we'll act quickly to correct any

4:47

mistakes you know if it if it went to

4:49

MOS be instead of go I'm like okay

4:50

that's not as bad but still uh you know

4:53

why are we doing

4:55

that right great fair question but what

4:59

are the actual facts about where this

5:01

money is going well as far as we can

5:04

tell we know that some of the money is

5:07

going when it comes to the Gaza Strip is

5:09

going to like a $68 million contract is

5:11

going to fund hospitals in the Gaza

5:13

Strip but that's the Gaza Strip we

5:14

already talked about that again if you

5:16

want to say hey we're going to cut

5:17

funding to the hospitals in the Gaza

5:19

Strip so that you know Children and

5:21

Families or innocent people or whatever

5:24

can't can't get for and Aid fine then

5:27

say that hey Doge cut funding to hos

5:29

hospitals in Gaza that were helping save

5:32

lives fine then then show us here's

5:35

where we cut it now you get your check

5:38

your reimbursement and for that that

5:41

would be about you know it's not a tenth

5:43

it'd be about 1 100th so you would get

5:46

your

5:48

$1.94 might be off by a fraction there

5:50

but it doesn't matter might be closer to

5:52

19

5:55

cents as far as these condoms a lot of

5:58

funding that does does go to use uh to

6:01

mosm Beek from the United States

6:03

actually goes to an agency called the

6:06

Pediatric AIDS Foundation now this is an

6:09

organization that helps the roughly

6:12

2.2 million people living in mosm Beque

6:15

with HIV which the hi ends up turning

6:17

into AIDS and you die okay now there are

6:19

medications that can help you prolong

6:21

your life and there are also medications

6:22

that exist that are are designed to

6:25

prevent you from spreading Aids HIV the

6:29

hi you spread the hi okay we want fewer

6:33

people with HIV in the world because we

6:34

do not have a cure for the HIV so when

6:39

fewer people get hi you create less

6:43

humans in the world with the hi now is

6:45

that our responsibility many people

6:47

would say no but that's fine then at

6:50

least say we don't care about the

6:53

children in mosm Beek and we're cutting

6:55

your funding and instead we're giving

6:57

people stimulus checks at least have the

6:59

to say that Doge or

7:01

Elon at least do that because there are

7:05

organizations like the Pediatric age age

7:07

Foundation that that they don't they

7:09

don't provide just condoms they do to

7:11

some extent I think uh they got a grant

7:13

for like

7:13

$43,000 I couldn't find $50 million of

7:16

condoms anywhere mind you but I will

7:18

look I I certainly know Elon doesn't

7:20

know how to find a condom or what a

7:22

condom even looks like but this is an

7:25

organization that also helps with t

7:28

tuberculosis

7:30

uh uh research around uh medications uh

7:33

for extending life uh for you know

7:35

whether it's children or adults with the

7:36

HIV or TB uh and then obviously

7:39

prevention now what I was able to find

7:41

was that uh over a long period of time

7:44

I'm talking somewhere around 30 years

7:47

yes us Aid has sent millions of dollars

7:51

of contraceptive care to mosm Beek this

7:55

is true and so I want you to know I I

7:58

want to look at the fact on all sides

8:01

and I finally found the largest

8:03

potential source of funding of cols I

8:06

finally found it I know I didn't find it

8:08

on Twitter I found it with my own

8:11

research X look at this USA ID between

8:16

1990 to 2021 so

8:19

31 years 31 years I want you to think

8:23

about that for a moment 31 years spent

8:26

$2.2 million on contraceptive

8:30

procurement which yes includes condoms

8:33

in mosm be again you might say that's

8:35

bull we don't care about the people with

8:37

the hi even if they might eventually

8:40

travel to the United States and give

8:41

your kids the

8:44

hi that's fine then say that but

8:49

$674,000 per year went to fund this

8:51

program now

8:55

$674,000

8:57

$674,000 divided by foreign aid funding

9:00

of $66 billion works out

9:04

to this percentage per year of foreign

9:08

aid funding that goes to condoms in mosm

9:14

Beek so again if you get

9:17

$194 per year if we had zero foreign aid

9:20

to try to minimize the people with the

9:21

hi walking around then let's go ahead

9:23

and multiply this by

9:25

$194 aha you would get one 20th of one

9:31

penny in stimulus per year so in other

9:35

words every 5 years you'd get

9:40

$1 of stimulus for not sending for

9:44

person in America for not sending

9:46

condoms to a hot bed of Tu tuberculosis

9:50

in the HIV to try to keep

9:53

it

9:55

corraled I'm not taking a side on

9:58

whether we should do that or not

10:00

but I just don't think that this idea

10:02

that if we stop spending $600,000 a year

10:05

in mosm Beque on condoms all of a sudden

10:07

you're going to pay no federal income

10:09

tax now yes people make this argument

10:11

that oh well Kevin it's the sum of

10:12

everything well then listen the the

10:14

person who is in charge of doing this

10:17

should have the literal balls to put the

10:19

actual facts in front of us rather than

10:21

salacious headlines because that's all

10:24

we're getting so far we get headlines

10:26

from Elon Musk and Doge we're not

10:28

actually getting the details of who

10:31

they're firing or what the side effects

10:33

of this are going to be like I'm highly

10:35

concerned about what the side effects of

10:36

losing the Consumer Financial Protection

10:38

Bureau are going to be but again that's

10:39

a topic for a totally different video I

10:41

think that is a dramatic mistake it it

10:44

is idiotic it's like we're going back to

10:47

2005 and we didn't learn the lessons of

10:50

the top of the bubble last cycle and

10:52

we're going back to negam loans and no

10:54

consumer

10:56

protections that's dumb but anyway

11:00

so this doesn't make sense so when we

11:02

put the facts together it's different

11:05

$68 million going to hospitals in the

11:07

Gaza Strip

11:10

$43,000 in in a recent funding package

11:12

going to condoms at most I'm seeing

11:15

$643,000 per year going to mosm Beek now

11:20

all of a sudden the facts don't look

11:22

that wild anymore if if the American

11:24

people would actually just be informed

11:26

of the facts I think they can make

11:27

reasonable decisions and come up with

11:29

with reasonable

11:32

answers but even Elon Musk is not doing

11:35

that and that's concerning to me now

11:36

Elon Musk did win a little bit here uh

11:40

he's actually winning kind of like uh

11:42

Luigi m is winning have you heard about

11:45

that by the way he's he's got to go find

11:48

me cooking he just crossed 420,000 bucks

11:52

look at

11:53

this Luigi man CEO shooting suspect

11:58

suspect ECT right anyway um hey innocent

12:03

until proven guilty

12:05

$452,000 raised goal of a millionar wow

12:09

$452,000 campaign funds will be received

12:12

by the tong Tom Dicky Law

12:15

Offices is that a is that an actual LA

12:17

office Tom Dicky oh my gosh

12:21

wait wait is this a troll look at this

12:25

who spells lawsuits with two words what

12:30

it's one word it's always been one word

12:33

yeah Tom Dicky law space

12:38

suits here he is he's got Yelp reviews

12:41

how come his website doesn't

12:43

work lawyer Thomas dicki law suits are

12:48

these like you know pinstripe suits that

12:51

you can buy for use in

12:54

law there we go

12:59

Brent Optical custom homes and then all

13:03

the way here at the bottom we got Tom

13:05

dicki Tom Dicky is about to make a whole

13:08

lot of money off of uh Luigi areas of

13:12

practice criminal law wow all right so

13:16

what else do we have here we've got law

13:19

office this is Tom Dicky okay let's get

13:21

back to Elon Musk so when we talk about

13:23

Elon Musk he did get three wins here

13:26

he's got uh a federal judge who just

13:29

verified that Doge indeed has not been

13:32

proven not to be a federal agency this

13:34

is because people who were suing Doge

13:36

argued that do was not an agency and

13:38

therefore did not have uh the right to

13:40

access uh budget information at the

13:42

Department of Labor Department of Health

13:44

and Human Services and the Consumer

13:45

Financial Protection Bureau a judge has

13:47

uh just provided a win to the Elon Musk

13:50

camp for specifically those three

13:55

departments so Elon Musk did get a wing

13:57

here win here despite you know now

14:00

people literally organizing to protest

14:02

at Tesla stores uh Cheryl Crow selling

14:05

her Tesla to donate the proceeds to NPR

14:08

in sort of a middle finger to the FCC

14:11

and the new FCC chair who's

14:12

investigating liberal organizations like

14:15

CBS and potentially wanting to defund

14:17

NPR honestly I actually like NPR I don't

14:20

have an opinion one way or another on on

14:22

many of these other stations but I

14:24

always thought NPR was pretty decent at

14:25

least our local station but then again

14:27

you know we always joke we're part of

14:28

ventucky over here they seem to be

14:30

pretty neutral though but I I don't know

14:33

I I personally think people protesting

14:35

Tesla is a little outrageous I get it

14:38

because it's sort of like the baby in

14:39

the funding hole of Elon so they're

14:42

trying to get him in the pocketbook

14:43

because that's really the only place you

14:45

can try to get somebody in politics is

14:47

in the pocketbook imagine that it all

14:48

circulates around money as opposed to

14:50

ideas this is why this is why you can't

14:53

have a neutral like logical person

14:56

actually win in in politics often

14:59

it can happen and it does happen there

15:01

are you know pretty good reasonable

15:04

rational politicians that get in but

15:05

most of the time it's the money that

15:08

chooses H and this is actually why the

15:10

Wall Street Journal put a whole piece

15:12

together about how glitch m i mean Mitch

15:15

McConnell is uh remember him from the

15:17

stimmy days anyway Mitch McConnell is

15:21

basically un like he's voted against a

15:24

lot of the Trump nominees but the Senate

15:25

has 53 votes so you know even if Mitch

15:28

votes no it doesn't really matter uh and

15:31

and nobody's really paying attention to

15:32

Mitch right now a lot of folks say in

15:34

part because he's no longer the speaker

15:36

of the house and when you're not the

15:37

speaker of the house anymore you just

15:38

don't have the funding power that you

15:40

used to see Mitch McConnell used to

15:43

basically control uh where specific

15:45

donations went uh I'm trying to find

15:48

which committee it was it was because

15:50

John th is now the

15:52

leader there it is the Senate leadership

15:55

fund Mitch McConnell used to direct

15:57

funding for the Senate leadership fund

15:59

but now JN th does so remember it every

16:02

the money goes where the money goes so J

16:05

th gets to direct where the money goes

16:08

and which politicians get the support

16:11

well guess what John th has a lot more

16:13

power than Mitch McConnell and this is

16:15

why people are sort of you know saying

16:17

that Mitch McConnell is Fading Into the

16:18

background I mean I think this is a

16:19

pretty iconic picture right here like by

16:21

Mitch McConnell uh sort of a shadow of

16:24

him for his former self that's what

16:25

they're trying to allude to here on the

16:27

Wall Street Journal I mean honestly it's

16:28

it seems pretty blatant uh Donald Trump

16:30

of course calls Mitch McConnell a very

16:32

bitter guy he's lost his power and it's

16:34

affected his

16:36

vote right uh yeah I mean that's what

16:39

happens in politics if you lose the

16:41

attention and uh the power of the pocket

16:46

the purse then yeah you lose your

16:48

influence that's it's very

16:49

straightforward that's how it works uh

16:51

anyway there is some drama that's uh

16:54

exploded I mean something's exploded

16:56

that's for sure uh over the last few

16:57

days here

16:59

regarding Elon musk's now 13th child uh

17:03

specifically uh

17:06

this Elon Musk apparently uh at least

17:10

the allegation is per Ashley stclair has

17:12

been dodging Ashley

17:15

stclair uh there's an old post that

17:17

Ashley posted about Elon Musk where she

17:20

says well he actually has seven kids and

17:21

goes through women pretty fast this joke

17:24

about how she could potentially actually

17:26

one day marry Elon Musk so Elon replied

17:29

to that wo and then she replies Elon we

17:32

have been trying to communicate for the

17:33

past several days and you have not

17:35

responded when are you going to reply to

17:37

us instead of responding publicly to

17:39

smears from an individual who posted

17:40

photos of me in underwear at 15 years

17:43

old all right well this underwear at

17:46

least from the photos that have been

17:48

seen publicly seem to be

17:49

indistinguishable from Beachwear but

17:52

it's okay still 15 I get it a lot of

17:55

people say that Ashley stclair is

17:56

actually presently lying about her age

17:58

and that she's not 26 that she's in her

18:00

younger 30s I I don't know any you know

18:02

what if that's true that doesn't so much

18:03

matter but what's interesting here is I

18:05

was talking to Lauren about this because

18:07

you know we generally don't get involved

18:09

in sort of the gossip cycle it's just

18:11

interesting regarding Elon Musk here and

18:13

I was like hey look you know obviously

18:16

Lauren and I we've only ever been in one

18:18

relationship and we have seven

18:20

kids but we also know what a condom is

18:23

like unlike I think Elon so it's like

18:27

there there is a way to stop having

18:30

children okay but I asked Lauren I go

18:33

what what what do you think of this this

18:34

whole thing so I sent her these threads

18:36

and she actually went a lot deeper than

18:38

I did because I get exhausted by this

18:40

this drama uh and uh her take after

18:44

seeing especially some of these posts

18:47

such as uh first of all the reference to

18:50

we have been trying to communicate she

18:51

thinks this is her legal team who's

18:53

trying to organize some form of uh

18:56

agreement uh or contract uh like

18:59

kind of like a post snup but you're not

19:01

married just some sort of like child

19:03

support agreement or contract the New

19:05

York Post says she is renting in the

19:08

financial district in Manhattan uh a

19:10

flat that could potentially run

19:11

somewhere around $40,000 a month

19:14

probably funded by Elon Musk so clearly

19:16

she's getting some funding but Lauren

19:18

sent me some pictures it's interesting

19:19

that Elon Musk is responding to clearly

19:21

injest screenshot that was discussed

19:23

with his team months ago in a documented

19:25

call so apparently there's been a lot of

19:27

drama or potential Bad Blood between the

19:29

two sides here to where now like

19:31

attorneys are going back and forth uh

19:33

Lauren thinks there's a chance maybe

19:35

Ashley wanted a second child and and he

19:37

said no uh and and I'll give you some

19:39

more of what she said in just a moment

19:41

but uh there was also a post here about

19:44

the security team on elon's own platform

19:46

locked the account he is now responding

19:48

to for a week for posting this photo of

19:52

uh of me as a child uh there's there's

19:54

clearly a lot of bad blood that's coming

19:56

out here what's happened since then is

19:58

Ashley St CL actually deleted all of her

20:00

posts alleging these things of course

20:02

everybody's got screenshots and receipts

20:04

of this uh and she said she's going to

20:06

take a break from X so now she's rage

20:08

quitting X fine I mean I do that in Russ

20:11

too it's like all right I need a break

20:12

I'm done with this but that's a video

20:14

game this this is now a child that we're

20:16

talking about here a son by the way mind

20:20

you so I asked Lauren what's what's the

20:22

scoop on this what's your take about

20:25

Elon and and how does this affect your

20:27

opinion about Elon and Lauren said you

20:29

know I never thought uh that I would

20:31

have said this about Elon because she

20:34

said you know I I had respect for his

20:36

entrepreneurial Endeavors in the past

20:38

but uh what I'm seeing and it obviously

20:42

would be nice to hear from Elon but

20:45

considering that Elon Musk has also been

20:48

responding to Siobhan's tweets on

20:52

Valentine's Day but not Ashley's you

20:56

know another mother of two of Elon

20:58

musk's children well it leads Lauren to

21:01

believe there's a chance that maybe Elon

21:04

Musk is I hate saying it a

21:08

narcissist this is because she

21:11

believes Elon Musk is willing to

21:14

essentially run through women under his

21:17

I must help repopulate the Earth and

21:20

fight uh you know the re you know

21:22

depopulation of the earth and will take

21:25

advantage of a situation for because he

21:28

has the money he could pay for the child

21:30

to have a good life he can uh basically

21:34

get away with whatever he wants because

21:35

he has all the power in the world uh and

21:39

hey you could have children and

21:41

potentially sleep with some of these

21:43

women at the same time and then

21:44

disappear and no longer be a father in

21:47

that child's life oh well he's got the

21:50

money to pay for somebody else to be the

21:52

dad now unfortunately I think this is

21:54

actually while it's definitely a

21:56

monetary boost for somebody like Ashley

21:58

St CL I mean now all of a sudden you're

21:59

getting a very nice paid for lifestyle

22:01

and you're posing for you know feed

22:03

pictures with New York Post over here uh

22:05

in your

22:06

flat obviously it doesn't seem like you

22:08

care too much about privacy when when

22:10

this is your next move over here it does

22:12

make you wonder what her intentions were

22:14

and and and this is something that

22:16

Lauren said too she said on the flip

22:17

side maybe it's not Elon being a

22:19

narcissist maybe this is you know

22:21

somebody taking advantage of Elon who

22:23

knows although Elon should know better

22:26

you know people get taken advantage of

22:27

all the time that doesn't mean they end

22:29

up having children with that person so

22:32

uh in this interview Ashley said that

22:35

Elon is funny and down to earth and uh

22:38

that apparently they met uh and he would

22:42

show her rocket videos and uh and to go

22:46

on spontaneous trips to Rhode Island I

22:48

it sounded like it could potentially be

22:50

romantic I mean people would probably

22:53

love a Taylor Swift style love story but

22:55

that doesn't seem to be uh what is going

22:58

on

22:59

and and either something went wrong or

23:01

just things often go wrong when it comes

23:02

to Elon and women who knows uh but

23:06

anyway this is a little bit of an update

23:08

of what's going on uh here you could see

23:11

a quote here at one point he said are

23:14

you ever in San Francisco or Austin I am

23:16

in Austin and Texas a good amount for

23:18

work St Clair continued adding that she

23:20

worked for the Babylon B afterwards uh

23:24

the the B CEO asked uh St Clair to fly

23:27

to San Francisco to interview Elon at

23:29

the new company headquarters after the

23:31

interview I got a text from Elon saying

23:33

feel like going to Providence Road

23:35

Island tonight St CLA continued an

23:37

alleged romance blossomed from there

23:40

until she became pregnant she claimed

23:42

she was restricted from telling more

23:44

than a close circle of people that she

23:46

was carrying the child I was even told

23:48

to keep it a secret I was being asked to

23:51

keep it a secret

23:52

forever uh musk allegedly provided her

23:55

with a lavish apartment in the financial

23:56

district and apparently refused to put

23:58

his name on the child's birth

23:59

certificate it's a son by the way uh

24:02

anyway uh there is um text viewed by the

24:06

post between St Clair and Jared musk's

24:08

money manager appeared to show that she

24:10

complied with the Billionaire's wish to

24:11

be left off the birth certificate so it

24:13

sounds like Elon wasn't actually at at

24:16

the birth for the child but I think what

24:18

the sadness of this is is you have

24:20

people like Andrew Tate saying that Elon

24:22

Musk is like the modern day like

24:24

Imperial gangas Khan or

24:27

whatever but this is disgusting to me

24:29

because first of all you're really

24:31

ruining two households you're ruining

24:34

the potential of whatever dude ends up

24:36

with Ashley St Clair in the future

24:38

because how how are you like ever going

24:40

to

24:41

compare it's impossible next to the

24:44

richest person in the world and I know

24:45

money isn't everything obviously but

24:47

it's a bad setup and then of course you

24:49

now have more parentless households to

24:52

which of course some people say oh but

24:53

here's x with Elon Musk okay well

24:56

there's a motherless household so it

24:59

goes both ways and it's just ironic that

25:01

you have these quote unquote

25:03

conservative individuals with these like

25:06

opposite of conservative value

25:09

Lifestyles like I thought the nuclear

25:11

family was what people cared about and

25:13

and so personally I kind of agree with

25:15

Lauren and I'm a bit disgusted by uh by

25:18

all of this and it does make me lose

25:20

respect for uh somebody that I that I

25:22

once

25:23

admired as far as the Federal Reserve

25:26

this week Baron had a very interesting

25:28

piece about how the Federal Reserve is

25:30

doing something very unique right now

25:32

see the Federal Reserve has previously

25:35

taken this approach of hey um

25:39

we are going to give you guidance right

25:43

so the

25:45

FED uh will give you future guidance and

25:50

that turned into inflation is

25:53

transitory which turned into it's not

25:57

trans atory uh we're going to hike a lot

26:02

then we're going to go higher for longr

26:06

now TBD bro so Baron had a good piece on

26:10

this because they basically broke out

26:12

that it is become a lot harder for the

26:16

FED to give any guidance in part because

26:19

of uh Trump

26:21

uncertainties uh tariff

26:24

uncertainties economic uncertainties and

26:27

so the FED is something that it actually

26:29

rarely does the FED at the

26:31

moment uh the FED is not giving forward

26:35

guidance they're just reacting to the

26:37

data that there is now so this is very

26:39

interesting because when they were

26:40

giving future guidance they were wrong

26:43

they were wrong to give future guidance

26:45

that inflation was transitory now when

26:47

that and we know that now when that

26:49

passed now they're refusing to give

26:51

future guidance because they're like ah

26:52

the data right now is good okay great so

26:55

where do we go from here well we have

26:57

the FED minute coming out this week does

27:00

anybody actually care that the FED

27:01

minutes are coming out this week the

27:03

answer is ha hard no why does nobody

27:07

care that the FED minutes are coming out

27:08

this week well it's

27:10

simple because there's not going to be

27:12

any forward forward guidance in it what

27:14

good does it do you if there's no

27:16

forward guidance in it not much so with

27:19

that said the Federal Reserve has

27:21

actually become a lot less interesting

27:23

to pay attention to and until they

27:25

flip-flop again and start providing us

27:27

guidance again

27:29

there's really not much to listen to

27:30

when it comes to jpow and I it's

27:32

unfortunate to say that because I really

27:33

enjoy covering what the FED is doing but

27:36

I'd like to be the first to say that

27:37

right now is not the time to talk about

27:39

the Federal Reserve we're much better

27:41

off talking about Elon Musk okay no

27:43

we're not going to we're much better off

27:45

talking about Javier malle's

27:47

International lawsuit that's potentially

27:48

coming for his rug polling crypto scam

27:51

Libra and this is why I will never

27:53

launch a token unless it is registered

27:57

with the gov which is a possible now and

27:58

it's basically then just a regular

28:00

security I think people are owed uh a

28:04

clear outline of what the protections

28:07

are for investors who the board is who

28:09

the Insiders are what the exact

28:10

allocations are where the shares are

28:12

held when they're being moved and sold

28:14

or whatever instead what happens with a

28:16

lot of these tokens including Libra

28:18

which Javier Malay says oh I was just

28:19

promoting small businesses dude that's

28:22

that's bull crap you knew what you were

28:23

doing it was a big payout come on now he

28:26

argues oh these are dirty people they

28:28

scammed everyone I didn't know uh how

28:31

how dare they that's fine that's fine

28:35

Javier everybody can do that but you

28:38

should have known better it was a meme

28:41

coin there's no question that you should

28:44

have known better they all bleed out the

28:48

Trump token that had 80% of the supply

28:51

held by insiders which people think is a

28:54

good thing right people think limited

28:56

Supply

28:58

is good no it means that when you go to

29:02

put your Market buy order in the price

29:04

purposely shoots up because there's so

29:06

little access to available tokens on

29:09

purpose you could literally slice up a

29:12

pizza right now into 10

29:13

slices and say I have nine of them who

29:17

wants the other slice 10 people raise

29:19

their hand for that pizza slice say I'll

29:21

put in a market order and everybody's

29:23

putting in a market order and I put in

29:24

my limit order and say well I'm only

29:26

selling at $100 boom that slice a pie

29:28

Pizza sells for $100 because you put in

29:30

a market order it just automatically

29:32

happens the entire Pizza is now valued

29:34

at

29:35

$1,000 that is an orderbook scam and

29:39

then what do I do well then I take the

29:40

ninth slice of pizza and I go who wants

29:42

it for $1,000 and I sell it cool now I'm

29:45

up $1,000 then the price goes down then

29:48

I take the next one and I sell it for

29:50

$700 and the next one for

29:52

$500 and I eventually end up pulling out

29:55

3 four5 $6,000 for a pizza that's

29:58

essentially worth

29:59

$10 or

30:01

zero that's an order book scam the

30:04

Insiders purposefully restrict liquidity

30:06

so that way on announcement liquidity

30:08

and Market orders Drive the price up the

30:10

order book and then insiders start

30:12

slowly increasing the supply so they can

30:14

make a quick getrich quick profit and

30:16

the sad thing is nobody's actually

30:18

regulating this Donald Trump is actually

30:20

purposefully deregulating it so he can

30:22

participate in the scams with you know

30:25

the Trump token or uh the Milan a token

30:29

and then it you know the thesis is oh

30:31

well no I mean he could be liable as

30:33

well really we just made the president

30:35

immune from liability for anything it's

30:38

an official act bro debate Me On whether

30:41

it was official or not was marketing

30:43

wasn't president yet some people will

30:45

say all right well do you have the money

30:48

to fight the Trump regime no of course

30:52

not anyway so these order book scams are

30:55

very dangerous they're likely to keep

30:57

happening

30:58

uh and I would caution people to be very

31:00

watchful for this it's very unfortunate

31:03

and

31:05

um this this is why it's so interesting

31:07

too when you raise money for in

31:09

legitimate ways like when we raise money

31:11

for house hack which we have our reg a

31:14

coming up soon uh it takes months it

31:18

it's taken like three four months for us

31:21

to get the reg a up for house hack

31:23

because it's there's so many barriers

31:26

legal barriers to make make sure that is

31:29

this audited is the company what they

31:31

say they are or do they have the

31:33

appropriate

31:35

disclosures you don't get any of that in

31:37

a meme token cuz there are no

31:39

fundamentals it it starts a scam and it

31:41

ends a scam I just hope nobody Falls for

31:43

it but but clearly many people do it's

31:46

literally a way of transferring money

31:48

from the poor to the

31:50

rich because everybody wants to get rich

31:53

quick it's sad anyway that's my report

31:58

for today thanks so much for being here

32:00

and we'll see you in the next one

32:00

goodbye good luck why not advertise

32:02

these things that you told us here I

32:03

feel like nobody else knows about this

32:05

we we'll try a little advertising and

32:07

see how it goes congratulations man you

32:08

have done so much people love you people

32:10

look up to you Kevin PA there financial

32:12

analyst and YouTuber meet Kevin always

32:15

great to get your take

UNLOCK MORE

Sign up free to access premium features

INTERACTIVE VIEWER

Watch the video with synced subtitles, adjustable overlay, and full playback control.

SIGN UP FREE TO UNLOCK

AI SUMMARY

Get an instant AI-generated summary of the video content, key points, and takeaways.

SIGN UP FREE TO UNLOCK

TRANSLATE

Translate the transcript to 100+ languages with one click. Download in any format.

SIGN UP FREE TO UNLOCK

MIND MAP

Visualize the transcript as an interactive mind map. Understand structure at a glance.

SIGN UP FREE TO UNLOCK

CHAT WITH TRANSCRIPT

Ask questions about the video content. Get answers powered by AI directly from the transcript.

SIGN UP FREE TO UNLOCK

GET MORE FROM YOUR TRANSCRIPTS

Sign up for free and unlock interactive viewer, AI summaries, translations, mind maps, and more. No credit card required.