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The Joe Biden Replacement.

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FULL TRANSCRIPT

0:00

you will believe all we have to cover

0:01

about the Trump versus Biden debate here

0:04

we have what foreign countries are

0:06

chiming in saying about the debate

0:08

performance we have what happened on Air

0:10

Force One after the performance we've

0:12

got what happened at the Raleigh North

0:14

Carolina rally and Obama's response

0:17

today we've got what the New York Times

0:19

editorial board is saying should happen

0:21

and we got other opinion there is so

0:23

much so I think the easiest thing to do

0:25

is just get right into it hey everyone

0:27

I'm meet Kevin we got meet Mikey here

0:29

what's up man

0:32

what a show let's get into this okay

0:34

first on Air Force 1 after the debate

0:39

after AIDS this is all via Bloomberg

0:41

apparently were freaking out at Biden's

0:45

poor debate performance and the fact

0:47

that he stumbled off the stage Bloomberg

0:50

is now reporting that quote on Air Force

0:52

One AIDS muted the televisions in the

0:56

cabin so they didn't have to listen to

0:59

the running commentary about the

1:01

spectacle in other words they were so

1:04

embarrassed about Biden's performance

1:06

that they couldn't even have CNN on

1:08

because they were trashing

1:11

Biden then flight attendants apparently

1:14

started offering beer to everybody

1:15

because they're all miserable I mean

1:17

normally I feel like that's just like a

1:19

feature of like a normal flight it's

1:20

like yeah you want play oh we don't

1:22

carry beer that's two little alcohol per

1:24

space that it occupies yeah that's

1:26

exactly we got to be efficient uh yeah

1:29

we are playing differently but uh this

1:33

is sad when you know the people working

1:35

for Biden need to get drunk because I

1:37

don't think Biden's getting drunk it's

1:38

everybody around him because they're

1:40

embarrassed by him now that's scary but

1:42

it's also quite embarrassing that

1:45

apparently the Polish foreign affairs

1:48

minister went as far as writing and

1:50

maybe you can explain this one Mikey to

1:52

folks quote cuz I'm sure it was like

1:55

they they thought of thought of it in

1:57

Polish and then like translated it so it

1:58

has this like weird trans thing going to

2:01

quote it's important to manage one's

2:04

ride into the sunset so that's either

2:07

like chat GPT or some like saying in

2:10

their country what do you think that

2:11

sounds to me like they're hey when

2:13

you're getting old and your time is

2:14

coming you should probably leave

2:16

gracefully and be remembered for the

2:17

good things rather than like deteriorate

2:19

into state of dementia and have people

2:21

remember you by that yeah that's a good

2:23

point it's like leave at a high almost

2:25

yeah check out at a high oh gosh well uh

2:27

that is exactly what the New York

2:30

editorial board is now suggesting that

2:32

Joe Biden do uh in fact if you take a

2:34

look on screen here uh this is something

2:37

that the New York Times has on their

2:39

front page you click on the editorial

2:42

board piece which remember technically

2:44

the editori and I think I just lost that

2:46

picture there let me plug that back in

2:48

uh at that HDMI there we go uh keep in

2:52

mind we're on Camera 7 go camera

2:57

5 there you go you good no those are

3:00

Mikey's notes ah sorry not camera 5 okay

3:05

there's this plugged in is the HDMI

3:08

thing plugged into the adapter it did

3:09

show up yeah it was there for a

3:14

sec there it

3:19

is all right so right off of the New

3:23

York Times homepage you'll find an a

3:26

piece by the uh editorial board which

3:28

it's important to know there's a between

3:30

the journalists at the New York Times

3:32

and the opinions of the individual

3:33

journalists and the opinions of the

3:35

editorial board the editorial board is a

3:38

portion of the New York Times that

3:40

expresses an opinion which isn't

3:41

designed to express the opinion of the

3:43

entire paper so this is really important

3:45

because in the journalistic world if you

3:48

say the New York Times says Biden should

3:50

step down that would be incorrect it's

3:53

the editorial board of the New York

3:54

Times that says Joe Biden should step

3:56

down which spoiler that is what the

3:59

editorial board says to serve his

4:01

country President Biden should leave the

4:03

race and if you get past all of the

4:05

bagging they do on Donald Trump because

4:07

they don't like Donald Trump the

4:08

editorial board says there are

4:10

democratic leaders better equipped to

4:13

present clear compelling energetic

4:16

alternatives to a second Trump

4:18

presidency there is no reason for the

4:20

party to risk the stability and security

4:23

of the country by forcing voters to

4:25

choose between Mr Trump's deficiencies

4:27

and those of Mr Biden it's too big a bet

4:30

to Simply hope Americans will Overlook

4:33

or discount Mr Biden's

4:36

age

4:39

so problem with this is nobody can

4:41

figure out who the replacement should be

4:45

even Mark cubin who has been a pretty

4:48

staunch supporter of uh Joe Biden has

4:52

now via Bloomberg suggested that Biden's

4:55

debate performance was awful and he's

4:57

open to other choices uh other

5:00

individuals like Chuck Schumer freaking

5:02

out the entire Democratic party is

5:03

freaking out because it's not just Biden

5:07

it's if Biden loses then people are

5:09

going to vote likely more Republican

5:11

senators and representatives in because

5:13

they're like whatever f it we're going

5:15

red wave and so everybody in the

5:17

Democratic party loses which means every

5:19

investment or donation that somebody has

5:21

made to a political campaign becomes

5:24

worth substantially less so everyone

5:26

who's trying to influence that's what

5:28

donations do they influence be real

5:30

larger donations influence uh everybody

5:32

who's trying to influence a candidate is

5:34

like oh my gosh my donation just became

5:36

worth a lot less because of Biden's bad

5:38

debate

5:39

performance but again the problem is who

5:41

do you pick you had Gavin Newsome

5:44

yesterday suggest you know we got to

5:46

back Joe Biden but I'm ready to step up

5:48

which sort of implies that he's like oh

5:50

yeah you know I don't want to be the one

5:52

to say it but uh you know pick me uh and

5:55

then you got another opinion writer on

5:57

the New York Times who listened to this

5:59

this you can switch to this on screen

6:01

here it says kamla Harris could win this

6:06

election let

6:08

her and uh I'm I'm not going to share an

6:11

opinion on this because it's an opinion

6:14

piece and I think it's best for you to

6:16

share your opinion on this in the

6:17

comments down

6:18

below but she talks about how yes KLA

6:21

Harris may have fizzled out when she

6:24

tried to run for president in 2020 but

6:27

don't worry the best benefit of KLA

6:30

Harris is the following quote unlike

6:34

Trump's previous female debate rival

6:37

Hillary

6:38

Clinton uh which you know B well let me

6:41

clarify this Hillary Clinton had a

6:43

reputation already right you don't have

6:46

as many uh whiffs she calls it on Harris

6:50

so there's not so much to complain about

6:53

with comma Harris relatively clean other

6:56

than well doing nothing at the Biden

6:58

White House basically but anyway so so

7:00

the idea is hey because she's done

7:02

nothing you can't really attack her and

7:04

so then the article this opinion piece

7:07

goes on to say all my Js in the New York

7:09

Times opinion section as well not

7:10

editorial board all Trump would have is

7:14

personal attacks against Harris which

7:17

would only further reinforce Donald

7:19

Trump's image as a bully that could play

7:23

especially poorly with moderate voters

7:26

when directed at a mature black woman

7:31

this opinion article mind you brought to

7:33

you by a black

7:35

woman so clearly there are a lot of

7:38

people that have an opinion about who

7:41

should be running whom should be R

7:43

whatever you also heard some things

7:46

because Biden held a rally in North

7:49

Carolina and it also seemed like he was

7:51

like alive again yeah what what happened

7:54

like what tell me about this rally and

7:56

then I Obama chimed in so is a uh rally

8:00

and

8:01

Raleigh uh and I got a couple quotes

8:03

from him from that day so he goes today

8:04

he goes I know I'm not a young man I

8:07

don't walk as easily as I used to I

8:09

don't talk as smoothly as I used to I

8:10

don't debate as well as I used to but I

8:12

know what I know I know how to tell the

8:14

truth I know right from wrong and I know

8:15

how to do this job I know how to get

8:17

things done he also said uh I spent 90

8:21

minutes on stage debating a guy with the

8:22

morals of an alleycat which I think he

8:25

said that same thing during the debate

8:27

he tried to he had a lot of like Bang

8:29

that he tried to get out during the

8:30

debate but he was having trouble spacing

8:34

or like timing his slams and sometimes

8:37

he would repeat the same one so I think

8:39

it's sort of like the the memory was

8:41

coming through at sort of like the wrong

8:43

times the morals of the the more the the

8:49

look okay so he also said I think he

8:52

said a new record for the number of Lies

8:54

told out of debate and it's hard to

8:56

debate a liar the independent take on

8:59

this how I was reading this article they

9:00

were saying that Trump was lying

9:02

Non-Stop and Biden was having trouble

9:03

remembering his canned responses yeah

9:06

it's it's rough and you know it's one of

9:08

the things that's wild is so you know

9:10

when when we covered the debate we

9:12

called out every Misa that we could on

9:17

the spot let's be clear both of them

9:19

screwed data up Joe Biden lied about

9:22

data too it's like all the unemployment

9:23

rate when I took over was 15% no it

9:25

wasn't it was 6.1% oh GDP was F no it

9:28

was actually growing like 16% annualized

9:31

so Biden had some oopsy dupsies with

9:34

data as well now Donald Trump also had

9:36

some oopsy dupsies like this idea that

9:39

oh yeah uh you know states are going to

9:40

kill a baby in the womb at 39 weeks you

9:43

know again that only happens if the

9:44

child's going to die anyway or it's

9:46

going to kill the mother and that is

9:48

actually what Trump is okay with also

9:51

because he says well you know I'm okay

9:52

with abortion in the case of an

9:55

emergency or life of the mother so

9:57

they're actually on the same page there

9:58

but but so but all of that is like

10:00

chicken dly but when Joe Biden goes to a

10:02

rally and his argument is oh the other

10:05

guy's a

10:06

liar well let's go line by line where

10:10

are the Mis facts and I think that's why

10:11

it's so important that we were live

10:13

factchecking and I'm so grateful that we

10:16

thanks Ken thank you very much who filed

10:19

our lawsuit our in-house uh attorney uh

10:22

we filed a lawsuit against CNN to uh

10:26

stop them from taking down our live

10:28

stream so that we could provide on the

10:31

spot factchecking which is so important

10:34

because it's really hard after the fact

10:36

to go okay here are all the lies it's

10:39

very different from like in the spot

10:40

like no that's not true yeah that's true

10:43

but that's not true whatever right

10:45

that's I think very very important for

10:46

America and politic so thank you CNN for

10:50

not trying to take our stream down

10:51

whether it was the lawsuit or it was uh

10:54

you know public pressure perception or

10:57

somebody forgot to push the button I

10:58

don't know we're not trying to take

10:59

we're not trying to take credit just

11:01

saying uh thank you uh if if for

11:04

whatever reason you're listening that

11:05

was good but yeah that to me is never a

11:07

convincing line oh it's just a liar but

11:10

whatever what else uh so Biden was asked

11:12

to step down and wait oh at the rally at

11:14

the rally so he didn't respond to it it

11:16

was a campaign spokesperson Seth what's

11:19

his name Seth Schuster uh Biden will not

11:21

be stepping down is the answer as of

11:23

right now that's you know that's what

11:24

I'm hearing too is that Biden thinks

11:26

he's actually capable and I think he has

11:30

so much

11:31

confidence because of one

11:34

thing the teleprompter mhm so think

11:38

about this if you have the teleprompter

11:41

and you're fed zingers with timing

11:44

because the you know somebody else can

11:46

control the timing of the teleprompter

11:48

to feed you the line you know like pause

11:51

and there could be just a gap and then

11:52

it shows up so it naturally forces you

11:54

to pause as you wait for it to scroll up

11:56

so somebody else can control your timing

11:58

and the content of what you're saying

12:00

and then you land the zingers I think

12:02

Joe Biden thinks he can do such a good

12:05

job as president because he can read a

12:08

teleprompter and essentially you know

12:10

perform he doesn't have to remember

12:12

because I think he has dementia and

12:14

dementia is short-term and long-term

12:16

memory loss well if you have a

12:19

teleprompter you don't need memory so he

12:22

could read just like this I know I'm not

12:24

a young man I don't walk as easily as I

12:27

used to I don't talk as smoothly as I

12:30

used to and he sounds good whereas if

12:32

he's trying to remember that it'll come

12:34

I mean you'll probably be able to do

12:35

this better but it probably be sound I I

12:37

know I'm not a young I don't walk as

12:39

easily as I used to I'm not I'm not a

12:41

young man

12:44

anymore folks listen yeah exactly but

12:49

that's this is this is an important test

12:51

of a president M we should have more

12:55

debates and less teleprompters because

12:57

you know where you don't get a

12:58

teleprompter when you're sitting in the

13:00

room with X Jin ping from China or

13:02

you're trying to negotiate a deal with

13:04

Vladimir Putin or it's the middle of the

13:06

night and the houthis are attacking our

13:08

warships in the Red Sea and you got to

13:10

solve the problem which still hasn't

13:12

been solved what the hell we sent our

13:15

warships to the Red Sea to defend the

13:18

shipping lanes in the Red Sea and stop

13:21

the houthis from launching drone attacks

13:23

and missile attacks at our shipping

13:25

vessels you know international shipping

13:27

vessels from MC or whatever

13:29

Transportation companies and guess what

13:32

we failed couldn't do it the American

13:35

Military under Joe Biden's leadership

13:37

couldn't protect the Red Sea just like

13:40

we couldn't get the donation dock up in

13:44

Gaza right that cost us a lot of money

13:47

too it was like $300 million this is

13:50

embarrassing and I'm worried that if and

13:54

I didn't you know I had my suspicions

13:56

about his age but then I remember the

13:58

state of the union and I'm like he

13:59

sounded good he sound like if he's like

14:01

that you know off stage and he can he

14:03

can perform like that all right you know

14:04

like everybody can have their opinions

14:06

about things you like his policy or

14:08

whatever but if he's off teleprompter

14:11

like he was in the debate he's not a

14:12

president he's worthless he's a prop

14:15

he's a puppet your your comment's right

14:17

too that the zingers don't land because

14:18

of the timing and humor they say here's

14:20

a joke for you what's the most important

14:23

part of a joke the

14:24

timing right so like none of it lands in

14:28

and I agree that that was the secret

14:29

weapon is is the teleprompters so I want

14:31

to go over Obama's response to this do

14:33

you think it was like I mean

14:35

drugs some performance enhancing yeah I

14:38

mean he said he had water before and he

14:40

was selling it for $4.60 did you see

14:42

that I saw that yeah the performance

14:43

enhancers zero malarkey I think it was

14:45

100% Malarkey and 0% water I don't I I

14:48

don't know I mean and some people were

14:49

saying he had an earpiece you know to me

14:51

it looked like every time he had to look

14:52

down at his notes that he was trying to

14:54

write he kind of was like scratching his

14:55

ear it's possible he had ear piece I

14:58

don't know yeah just feel like such high

15:01

risk yeah someone would have seen it and

15:02

done something yeah that's too high risk

15:04

I agree with you yeah and then you

15:05

wouldn't yeah that that would that would

15:07

be really really then I mean I feel like

15:10

after yesterday's debate he guaranteed

15:12

loses anyway but that would be just

15:15

insult to injury I feel like uh anyway

15:18

uh okay okay sorry uh so go ahead what

15:20

did Obama say Mr Obama this was a tweet

15:22

or a post on X he says bad debate nights

15:25

happen trust me I know but this election

15:27

is still a choice between someone Who

15:29

has fought for ordinary folks his entire

15:31

life and someone who only cares about

15:33

himself between someone who tells the

15:35

truth who knows right from wrong and

15:36

will give it to the American people

15:37

straight and someone who lies through

15:39

his teeth for his own benefit last night

15:41

didn't change that and it's why so much

15:44

is at stake in November and then he has

15:46

a link to Joe biden.com

15:48

it's very unfortunate because I would

15:52

hope that Obama would have the balls to

15:54

say he's not fit for office because the

15:57

reality is just because

15:59

you're a nice guy just because let's say

16:02

you know we believe every let's say we

16:04

believe everything Obama said so let's

16:06

qualify that okay everybody watching it

16:08

right now okay we're going to

16:10

believe Biden is a person fighting for

16:12

ordinary folks who tells the truth and

16:16

gives it to the people straight let's

16:18

assume those three things are true does

16:20

that make them a good president if they

16:23

can't remember anything if they can't

16:25

remember long-term short-term if they

16:27

can't negotiate with foreign leaders

16:29

because they don't have a

16:31

teleprompter do we want somebody who's

16:33

regurgitating somebody else's

16:35

script or do we want somebody who can

16:38

think on their feet and run this country

16:40

that's a bigger question because the

16:42

reality is there are other people out

16:44

there who fight for ordinary folks who

16:47

tell the truth and give it to people

16:48

straight in fact Donald Trump will say

16:51

he does exactly that of course it's up

16:53

to everybody else to believe that but

16:56

Donald Trump's going to turn around and

16:57

say I fight for ordinary folks see the

16:59

tax cuts we gave you see how we got us

17:02

through Co see you know whatever and

17:04

then obviously people can debate that

17:05

regarding the policies and all this

17:07

right and then Trump's going to say I

17:08

give it to people straight in fact

17:10

that's what I'm known for it's no

17:11

I'm just going to give it

17:12

people straight and I tell the truth of

17:14

course people are going to be like nah n

17:15

you're a liar you slept with Stormy

17:16

Daniels again but you could say Biden's

17:19

lying too so Obama this is weak

17:24

sauce and and I I used to love like

17:27

Obama's debate performances and the way

17:30

he speaks he's great he's such a good

17:31

speaker you could learn lessons like

17:33

anybody could learn lessons watching

17:35

this guy speak he's I Le on when I

17:37

listen to him speaking it's like someone

17:38

telling a good story it's great he very

17:40

good he's so smooth so

17:44

um I you know I'm seeing a lot of people

17:48

they're like Biden just had a bad night

17:50

the debate should have been held earlier

17:52

in the

17:53

day no a president should be able to

17:56

perform under stress at any time in the

17:58

day they are representing America

18:00

otherwise they are not fit for office

18:03

mhm when it comes to just the economy

18:06

Kathy Wood had an interesting comment oh

18:08

yeah let's pull that up so this created

18:11

a little bit of drama but I think it's

18:12

probably better to cover now uh so Kathy

18:15

Wood wanted to make it very clear when I

18:17

asked her this question that she's

18:18

really into this guy called Art

18:21

laugher Economist big fan of the Bitcoin

18:25

standard real currency get the Federal

18:27

Reserve out of our money stop dinking

18:29

around with our money obviously the

18:31

Federal Reserve is going to respond and

18:32

say look we soften the boom cycle and we

18:37

soften the bus cycle and we we try to

18:40

make our currency more stable we try to

18:42

make things better whatever that's

18:46

whether we have a fed or not they're

18:48

totally different debates but Kathy Wood

18:51

who respects art laugher has her opinion

18:54

in terms of whom she would prefer to

18:56

vote for for president now obviously

18:59

there's more Nuance that comes with this

19:00

and whatever but here is the clip uh and

19:03

you can see for yourself what Kathy Wood

19:05

says Trump or

19:11

Biden the word is so as I've said to my

19:15

children so I have two girls and a boy

19:18

and they're split on this as I've said

19:21

to them

19:22

look I am going to vote for the person

19:25

who's going to who's going to do the

19:27

best job for our economy I am a a voter

19:31

when it comes to economics and on that

19:33

basis Trump I mean if yeah

19:38

if lot ofs on that

19:41

so art laford

19:43

describes the first three years of the

19:46

Trump presidency as the best in US

19:50

economic history not the last one

19:52

because of Co but and I would agree wow

19:56

and I went through ionomics too so that

19:59

would be

20:01

2017 January 2017 when Trump was

20:03

inaugurated you got the 2017 tax cuts

20:05

2018 2019 and then she's ignoring Co

20:08

that's what she meant with not the last

20:09

one um see that was touchy when she said

20:14

that because it was before this debate

20:17

and so I think Kathy was a little

20:18

worried that maybe she offended folks

20:20

post debate that's like popular opinion

20:23

now I feel like wonder where the betting

20:25

odds are now yeah that's good to check

20:26

historically we know the economy tends

20:28

to do well when there's a shift from a

20:30

Democratic president to a Republican

20:31

president oo I think you're right I can

20:34

I can probably pull the data on that too

20:35

and I wonder if that had something to do

20:36

with it is going from Obama to Trump in

20:39

the first place maybe yeah it looks like

20:41

right now how interesting yeah the odds

20:43

keep moving so uh we can throw this up

20:45

on screen here Ken we've got Donald

20:48

Trump in the last 24 let me go last 7

20:52

day because you'll see the movement so

20:54

you've seen Donald Trump in the last few

20:56

days has gone from 52% chance chance to

20:59

58 I think now he's at 60 oh yeah 58 57

21:03

somewhere around there Joe Biden uh has

21:07

plummeted from 48 down to 33 cents so

21:10

33% chance and then Nome keeps going up

21:15

from 5 to now 17 cents and the more

21:19

nome's going up the more you're actually

21:22

seeing Trump's Edge down a little bit

21:25

because uh Trump's went up to 61 and now

21:29

he's at 57 so they're taking a little

21:32

bit of the batting odds there from Trump

21:34

and throwing those on to Newsome Harris

21:36

has been coming up in some of them as

21:37

well though substantially less so she's

21:40

down at 6 cents so it seems like Nome is

21:43

a betting odd favorite right now so kind

21:45

of interesting so um while you take a

21:49

peek for that uh we've got uh inflation

21:53

numbers this morning came in really good

21:54

by the way pce 2.6% year-over-year in

21:57

May ma matching

21:59

expectations uh beat the previous 27 and

22:03

April 28 inflation cooling obviously you

22:06

know another report here doesn't make a

22:08

trend but UBS commented on this and

22:10

they're like yeah we're probably not

22:11

going to have an inflation problem

22:12

anymore it's probably just downhill from

22:14

here which is uh pretty

22:16

exciting uh so um what else you got

22:19

Mikey I think you got something on

22:20

bitcoin too we can always come back to

22:22

the other piece um so okay so oh it's

22:24

elon's birthday it is Elon it's 69 days

22:26

after 420 oh that's how you remember it

22:28

that is how I remember I like that oh

22:30

and then uh I forgot to mention too

22:33

during the debate dude shout out to Lex

22:35

fredman he gave me 50 bucks you know how

22:38

much how many my ties I can buy with

22:40

that

22:43

one that was pretty cool uh that was

22:46

that was pretty was his verified account

22:48

too which was pretty awesome so uh thank

22:50

you Lex that was really cool yeah to

22:52

celebrate elon's birthday let's talk

22:53

about some recalls that just happened oh

22:55

God are these over the air again or

22:57

these real recalls these are actually

22:59

real real there's two so this is the

23:01

third CH it's just it's like update or

23:04

recall they should be separate things

23:07

even like a soft recall or something

23:10

something to clarify yeah nonsense but

23:12

so there's four uh one of them was for

23:14

the windshield wiper motor oh so that

23:17

one like overheats or whatever and stops

23:18

working which is a problem if you need

23:20

the windshield wiper I could see that

23:22

it's such a large windshield wiper it's

23:25

probably a large motor like a Servo or

23:28

whatever that it requires and if you're

23:30

in an area like Florida where it's just

23:31

raining all the freaking

23:33

time yeah I could see that happening and

23:36

then it just burns out it'll stop

23:37

working yep interesting uh the other one

23:39

was uh and by the way

23:41

11,688 trucks were impacted so like 11.6

23:44

11.7 all of them yes but this gives us a

23:47

good insight into how many trucks there

23:49

must be yeah uh cuz a similar number

23:51

11,383 were impacted by the other recall

23:54

which is on the the trunk bed there's

23:56

this trim piece that tends to fly off

23:59

essentially they didn't properly use

24:00

adhesive on it so they're recalling all

24:02

those trucks they could readhere it

24:04

that's like a Boeing strategy stuff just

24:06

starts blowing off it's probably not

24:08

that bad at Tesla it was just a trim

24:09

piece it just a trim piece there no yeah

24:11

probably a little different trim piece

24:13

on a Tesla versus like the door of a

24:14

plane like 60 MPH versus 600 you're

24:17

ground level versus like 35,000 ft

24:20

there's there are some differences 3 oz

24:22

piece of plastic versus you know 300 lb

24:25

door but what I will give Tesla is this

24:28

is making the news of all the cybertruck

24:30

recalls again uh less talked about is

24:33

the fact that at the exact same time

24:37

uh Ford the F-150s not the Lightnings

24:40

just the general F-150s also had a huge

24:43

recall um this is for ones built from

24:45

2014 where they unexpectedly downshift a

24:47

gear and the engine basically blows

24:50

up and it causes drivers to lose control

24:53

and potentially crash two injuries uh

24:56

and one crash are believed to been

24:58

caused by that wow so not a lot of

25:01

people are talking about that's the

25:02

thing like everybody just loves to hate

25:04

on Elon and it's it is sad because look

25:06

obviously we can joke but the these

25:08

issues on the Cyber truck are relatively

25:10

nominal the the gas pedal issue was

25:13

solved the strim piece thing was solved

25:15

anytime you have a generation one

25:16

vehicle there are just going to be

25:17

issues quite frankly even sometimes four

25:19

or five years after you have a car there

25:21

there are new issues that come up so

25:22

it's it's I think a very normal and to

25:24

be expected uh yeah and but then of

25:27

course that's not nowhere like talking

25:30

about Ford's actual problem that's

25:32

injuring people is just sort of like

25:35

yeah it doesn't make for has problems

25:37

and then people like okay yeah I already

25:39

knew that found on road dead man the

25:40

acceler yeah fixer repair daily the the

25:42

accelerator the Cyber truck someone's

25:44

like someone could have gotten hurt yeah

25:45

but nobody did but when it happened to

25:47

Toyota people actually died yeah the

25:49

tequita airbags you think the Takata

25:52

Takata yep yep yep

25:54

yep yeah what was that just like they

25:57

would suddenly po explode basically but

25:59

like how did they kill people it was a

26:01

problem because when they would explode

26:03

bits of shrapnel would fly up too and

26:06

yeah it was like a grenade you got

26:08

sliced that's dirty it sucked

26:10

fragmentation airbag pretty much jeez

26:13

Lord that's bad sorry sorry to the

26:15

people who got fragged oh God uh so

26:17

happy birthday Elon oh yeah okay okay

26:20

okay so okay Bitcoin oh yeah yeah

26:23

Bitcoin I'm surprised first of all just

26:24

to start I'm surprised Bitcoin is

26:26

actually down from the debate because I

26:27

would have thought

26:28

that with Trump losing the debate less

26:32

than Biden lost the debate that you

26:33

would imagine that to be a bullish

26:35

signal for Bitcoin but it's actually

26:36

been steadily dropping since then I

26:38

think here's what's H what happened is

26:40

markets priced in oh Donald's going to

26:42

win slam dunk so so Bitcoin go up and

26:46

then it's like oh crap they might put a

26:49

different Democrat in who might have a

26:51

chance of winning and even if they have

26:53

a lower chance of winning than Trump

26:55

they have more of a chance than winning

26:56

than Biden so now we have to unpriced

26:58

some of that gain I think that's what

27:00

happened you're probably right yeah

27:02

there's also some selling fears

27:03

happening because the story that I

27:05

wanted to talk about is that the US

27:07

government on the 26th of June

27:09

transferred 3,940 Bitcoins to a coinbase

27:13

wallet oh the same company they're suing

27:16

right makes a lot of sense coinbase

27:18

Prime wallet it's worth like a quarter

27:19

of a billion dollars roughly uh and this

27:22

money that was tra or confiscated from a

27:24

drug trafficker B me Singh he's an

27:27

Indian native arrested in London in 2019

27:29

he's extra added to the US last year Bon

27:32

meat I need I need a bon meat

27:35

Kevin my Indian man that's my Indian B

27:38

meat Kevin okay um so he was ordered a

27:42

forfeit 8,100 Bitcoin which at the time

27:44

was $150 million that was the dea's

27:48

largest cryptocurrency C's ever wow um

27:53

that's crazy and what was really crazy

27:55

is this let me down the rabbit hole and

27:56

I found out that this is per Arkham

27:58

intelligence the US government is

27:59

estimated to currently hold about

28:02

214,000 Bitcoin which is worth about 13

28:05

billion dollar oh so like one shipment

28:07

to Israel it well it does make us the

28:11

largest like State holder of Bitcoin

28:13

that is interesting oh so more than El

28:16

Salvador we're probably that's probably

28:18

like five times the size of their

28:19

economy yeah yeah actually no that's

28:21

probably the size of their economy well

28:22

let's look at it B Salvador

28:25

GDP oh 32 billion inter spiked can we

28:29

throw that on the screen oh that is

28:30

actually very interesting yeah there's a

28:32

little Spike there after uh probably on

28:35

oh here hold on I wasn't pluged in

28:36

actually it somewhat looks like there's

28:38

a spike after uh like right around Co

28:42

you obviously you had a dip but the

28:44

accelerated Spike here maybe it was

28:46

because they adopted Bitcoin and and

28:49

good point yeah when when did sorry El

28:53

Salvador adopted Bitcoin what year was

28:56

that 20 21 wow that could have

28:58

accelerated their economy gotten you

29:00

know maybe wealthy crypto folks to set

29:02

up shop or business over there or

29:04

whatever how interesting that was a good

29:06

good observation yeah that the slope of

29:08

that curve moved way up okay so the

29:11

fears now is that there's going to be a

29:12

selloff because all this money is

29:14

available on coinbase the German

29:16

government's actually been selling off a

29:17

lot of their Holdings there was the

29:19

mountain gaau thing where a lot of money

29:20

was transferred over from Mountain the

29:22

Germans need money to pay for all the

29:24

immigrants all the stimulus money they

29:26

give they give a lot of money really

29:28

it's like New York yeah my dad complains

29:30

about every day at dinner when you know

29:32

when when we're hanging out for every

29:34

single day that we're together I get a

29:36

story about how much money the German

29:39

government is throwing at migrants and

29:41

he's like he Compares it in multitudes

29:45

to the amount of money that he will get

29:47

from having paid into the German

29:48

equivalent of the social security system

29:50

so like they eight times my social nine

29:53

yeah gotcha yeah they have like two to

29:55

three billion dollars in Bitcoin the

29:57

German government interesting but

29:58

migrants is a I mean from Bulgaria

30:00

there's no jobs in Bulgaria a lot of

30:01

people move to Germany I personally know

30:03

a ton of people who have moved to

30:04

Germany I'm all for immigration I think

30:07

it's the Asylum Seekers I understand

30:09

that that's you know it's like okay

30:11

here's you know whatever a million

30:13

people from Afghanistan or something and

30:14

they're people too don't get me wrong

30:16

but it's it's like now here's all this

30:18

money for you here's a house here's a

30:19

place to stay and people like yo we have

30:21

problems in Germany too it's sort of

30:24

like America it's like we have homeless

30:25

people dying on the street and we're

30:26

giving money away to other country you

30:27

know there's always that the hope is

30:29

that there's enough money to solve all

30:31

the problems and that's why we put uh

30:33

wonderful people in power like Gavin

30:35

Nome who can solve homelessness and

30:37

housing crises and cleanliness and crime

30:39

in Cal

30:41

oh I think I'm done are you gonna run

30:44

for governor again I can't wait to kick

30:46

Governor nome's ass one day that I hate

30:49

that guy dude if he runs for president

30:51

I'm going to be the biggest thorn in his

30:53

side like I will just be

30:55

branded that's the Gavin Newsome ha

30:59

it's this I'm going to end up going to

31:01

Trump rallies just to be known as the

31:05

Nome hater guy so I I hope I hope this

31:08

doesn't piss you off but 2021 you ran

31:11

against Nome I was there I I was with

31:13

you right good you voted for Newsome too

31:15

no did not vote for Nome um if Newsome

31:20

ran for if it was Nome versus Trump

31:22

versus Biden I would have a tough time

31:24

that's how much I'm it wouldn't we let's

31:26

let's just take Biden out of that race

31:28

so you would have a tough time between

31:29

Newsome and Trump so in oh wow oh dear

31:33

okay well let us know in the comments

31:34

down below um this is uh see now

31:41

now we're going to end the video before

31:43

I impart my opinion

31:45

oh I just I just hate them all man I

31:47

would have loved to have a meet Kevin

31:49

for president instead I'll end it with

31:50

that thanks man all right that's it oh

31:53

by the way remember there's a coupon

31:55

code expiring tonight it is coupon code

31:58

expiration day if you need any support

32:00

or have questions about the bundles make

32:01

sure to go to staff mein.com or email

32:04

staff ATM kevin.com go to me kevin.com

32:06

to learn more if you want to book an

32:07

intro call to learn more about our

32:09

Mastermind go to meetkevin.com

32:11

Mastermind uh four times a year that's

32:13

it's a high ticket but it's it's also

32:15

very very in-depth uh personal

32:17

development and uh uh coaching so um

32:20

take a look at the options meet

32:21

kevin.com thank you so much for being

32:22

here Mikey great job thank you so much

32:24

and we'll see you in the next one why

32:25

not advertise these things that you told

32:27

us here I feel like nobody else knows

32:28

about this we'll we'll try a little

32:30

advertising and see how it goes

32:31

congratulations man you have done so

32:33

much people love you people look up to

32:34

you Kevin P there financial analyst and

32:37

YouTuber meet Kevin always great to get

32:39

your

32:40

take even though I'm a licensed

32:42

financial adviser licensed real estate

32:43

broker and becoming a stock broker this

32:44

video is not personalized advice for you

32:46

it is not tax legal or otherwise

32:48

personalized advice tailored to you this

32:49

video provides generalized perspective

32:51

information and commentary any third

32:53

party content I show shall not be deemed

32:55

endorsed by me this video is not and

32:57

shall never be deemed reasonably

32:58

sufficient information for the purposes

32:59

of evaluating a security or investment

33:01

decision any links or promoted products

33:03

are either paid affiliations or products

33:04

or Services we may benefit from I also

33:06

personally operate an actively managed

33:08

ETF I may personally hold or otherwise

33:10

hold long or short positions in various

33:12

Securities potentially including those

33:14

mentioned in this video however I have

33:16

no relationship to any issuer other than

33:17

house act nor am I presently acting as a

33:19

market maker make sure if you're

33:21

considering investing in house Haack to

33:22

always read the PPM at house.com

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