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June 2, 2021 - Timcast IRL - Tim Pool

02:04:18

Timcast IRL - US Food Infrastructure HACKED, Meat Shortages Worsen, Economy In CHAOS w/Matt Kohrs

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ian crossland

11:08

matt kohrs

31:25

tim pool

01:18:11

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lydia smith

01:19

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Speaker	Time	Text
unidentified		All right.
tim pool ▲ ● ▼		So it's been I don't know how many weeks since the last major piece of critical infrastructure
		was held hostage by, so they say, Russian hackers.
		And then the company paid the ransom within a few hours.
		And it still led to this massive oil pipeline, the largest pipeline being shut down, which
		resulted in people panic buying gas and there being gas shortages across the East Coast.
		And now the largest meat processing company, I believe in the world, with 23% of all US beef production and 20% of pork production has just shuttered all of its plants due to a cyber attack.
		More ransomware!
		I'm beginning to wonder if this is actually ransomware, if they're specifically targeting critical infrastructure.
		Now, early on, this company or hacker group, whatever you want to call it, DarkSide, said, you know, ooh, it was a mistake.
		We didn't want to disrupt society.
		So we'll choose our clients better next time.
		And now here we go again.
		Is it a different organization?
		Well, they're saying it's Russia again.
		So at the very least, we're being attacked.
		Our critical infrastructure is being attacked.
		And now we're hearing the White House is scared there's going to be a meat shortage.
		Which is funny, because there already is.
		The prices of meat has already skyrocketed.
		There's already, you guys have seen my Instagram where I post where the guy says I can't sell beef, the price is too high.
		So this is just gonna make things worse.
		It's a bit chaotic right now.
		And on top of that, you get the mainstream media saying, like, everything's A-OK.
		The economy is doing better than ever.
		And at the same time, Joe Biden's printing trillions.
		Economists are warning the dollars on the verge of collapse.
		People have become millionaires by buying fake money.
		And people are now, interestingly, engaging in what we would refer to as kind of like an Occupy 2.0, a digital Occupy Wall Street, where people are sticking it to the hedge funds, buying up these stocks.
		They tried short selling.
		Which is, well, in some ways rescuing these companies, making a lot of people rich for a silly reason, but screwing over a lot of the wealthy elites.
		So it's kind of like a class war is happening on top of an actual war or something.
		I don't know.
		But we're going to talk all about it.
		And joining us to help us understand the financial aspects of it, we've got financial YouTuber Matt Kors, who's hanging out.
matt kohrs ▲ ● ▼		I really appreciate being here.
matt kohrs ▲ ● ▼		I think we have an awesome discussion tonight.
tim pool ▲ ● ▼		You want to do like a quick, you know, short introduction of who you are, what you do?
matt kohrs ▲ ● ▼		Yeah, awesome.
		So for those of you who don't know me, name Matt Kors, I'm on YouTube.
		Just talk about a lot about stocks, options, crypto, just kind of what's going on in the market.
		And recently, the hot topic has obviously been AMC.
		And it's very, very similar to the storyline of what we saw in GameStop back at the end of January, early February.
		And even today, right now, we were just talking about it, of how much it ran today, and then in after hours, it's up almost another 20%.
		These are Black Swan events back to back.
		Like, this is statistically more rare than just lightning striking over and over again.
tim pool ▲ ● ▼		I think it's a new kind of, some kind of conflict, some kind of warfare.
		I mean, people might just think it's funny to buy a stock, but it's really upending the system, you know?
		I will say, full disclosure, I do have AMC stock.
		I bought a small amount earlier just because, so most people know I'm friends with Cassandra, and she's been tweeting like crazy, and I'm like, you know, like Fast 9 is coming out, and everybody knows the FFCU is way better than the MCU by like several quarters of a magnitude, so I'm excited for the movies, and I was like, I think movies make sense to invest in, but we're gonna be talking about AMC stock.
		It's skyrocketing.
		I mean, it was like three bucks, what, months ago?
matt kohrs ▲ ● ▼		Yeah.
		I mean, at one point, like sub five, it's just been on the craziest run and back in 2020, got that low, like at the end of it.
		So it's come a far way.
		I mean, from Monday until this moment, it's probably up close to 200% from Monday until now, a little bit over a week.
tim pool ▲ ● ▼		We have art on the wall from this guy, George Alexopoulos, and one of his comics is this, like, grandpa being like, I don't have a lot to leave you, son, you know, I don't have that much money, and he goes, I just became a millionaire buying fake money!
		I'm like, there's something wrong with the economy right now, and it's not just the fact that people become millionaires off crypto and stocks in these weird moments, but, I mean, our infrastructure's under attack, Joe Biden's printing money like crazy, there was a house that sold, WAPO reported this, a million dollars over asking price.
		And it's huge news because people are panicking to get out of the dollar.
		Rich people are like, I'll take it, I don't care.
		So we'll get into all this.
		It's going to be a crazy discussion about the economy.
		We got Ian Eastchild.
ian crossland ▲ ● ▼		Hello, everyone.
		Ian Carlson here.
		I've got a crystal ball.
		I don't know if it's in frame.
unidentified		A little bit.
lydia smith ▲ ● ▼		It's the top part of it.
ian crossland ▲ ● ▼		I'm glad you're here, Matt.
ian crossland ▲ ● ▼		Thanks for coming, man.
matt kohrs ▲ ● ▼		It's going to be awesome.
ian crossland ▲ ● ▼		What's your YouTube channel, by the way?
matt kohrs ▲ ● ▼		Just Matt Kors.
ian crossland ▲ ● ▼		Very good.
lydia smith ▲ ● ▼		Super cool.
unidentified		Simple.
lydia smith ▲ ● ▼		Love it.
		I'm really excited to have this conversation with Matt, because as you guys all know, this is not really something that I'm well in tune with, and he's a great explainer.
		So good conversation.
tim pool ▲ ● ▼		But before we get started, head over to TimCast.com.
		Become a member by clicking this big old Members Only button.
		We have Stripe and PayPal as options.
		You can sign up and click the Members area, and there are exclusive segments from the Tim Gassero podcast.
		And last night, Matt Brainerd was actually here.
		He wasn't on the main show.
		That was Joe Kent, but Matt Brainerd was actually here.
		He gives an update on what's going on with these audits in Arizona and New Hampshire, and I can only tell you this.
		We're not allowed to say what he said on YouTube.
		No joke.
		It's a bannable offense.
		And there's some pretty interesting things he said, so that's what TimCast.com exists for, so that we can have those conversations outside of YouTube's censorship.
		And he said some pretty interesting stuff.
		It's not going to break.
		It's not shattering the news cycle.
		It wasn't the apocalyptic.
		It was just like, hey, here's something that's happening.
		It's really interesting.
		We don't have a big marketing budget.
		We're not like CNN.
		That's interesting and you know, YouTube is like, we'll ban you if you dare talk about it.
		So go to TimGuys.com, become a member.
		But if you, if you really do want to help out, you can like this video, subscribe to this channel and share the show
		with your friends.
		We don't have a big marketing budget.
		We're not like CNN.
		They get propped up by YouTube, which gives them the equivalent of probably hundreds of millions of advertising
		revenue just for free because they're authoritative.
		Well, if we're going to compete with that, here's what we do.
		You guys who are watching, smash the like button, seriously, and then share the show, be it the podcast or the YouTube link, take the URL, post it on Facebook, Twitter, wherever you can, and tell people to give it a listen, because we're going to be talking about stuff that is, I mean, well, we'll probably be a bit partisan, as we usually, you know, we're not big fans of the establishment, which includes Republicans, but mostly Democrats, but we're going to be talking a lot about the financial markets and how it's screwing everybody over, and I think everyone can get behind that.
		Share this video!
		But first, we gotta talk about this big breaking news.
		Check out this story we got from Yahoo Finance.
		All of JBS's U.S.
		beef plants were forced shut by cyber attack.
		Let's go for the quick bit here.
		They say a cyber attack on JBSSA, the largest meat producer globally, forced the shutdown of all its U.S.
		beef plants, wiping out output from facilities that supply almost a quarter of America's supplies.
		Of America's beef.
		When they say supplies.
		All the companies fed beef and regional beef plants were forced to shutter, and all other JBS meatpacking facilities in the country experienced some level of disruptions to operations.
		Now this means pork as well.
		According to an official with the United Food and Commercial Workers International Union, JBS did not immediately respond to a request for comment.
		And I also want to point out, you know most people don't know this, there's a chicken shortage.
		Did you hear that?
matt kohrs ▲ ● ▼		So now there's a double shortage of like just all types of meat?
tim pool ▲ ● ▼		I think there's, well I mean there's ridiculous shortages.
		Chlorine shortages, computer chips, GPUs, obvious for obvious reasons.
		There's shortages of cars.
		There's shortages of chicken.
		And what else is, it's a bunch of weird stuff that's like you can't get.
		But this is important because there's a shortage of chicken.
		And the first hint of chicken shortage, the media went, oh, it's because of Popeye's.
		You know, they made the chicken sandwich and now everybody's buying it so there's none left.
		You know, seriously, that's what they said.
		And I was like, that's not true.
		No one's buying that much chicken from Popeye's.
		But they're like, but it's the chicken war.
		KFC's got a chicken sandwich, and I'm like, but all they sell is chicken.
		Well, but Popeye's... I'm like, it's Popeye's chicken!
		That's all they sell!
		And they're like, well Burger King's always had a chicken sandwich.
		No one is going as fast with restaurants and being like, give me 10 chicken sandwiches.
		So I thought that whole thing was weird.
		Then I covered this a few weeks ago.
		When you look at local news, what do they say?
		Chicken shortage, chicken shortage, chicken shortage.
		Restaurants can't get cooking oil.
		Restaurants are charging more prices, higher prices.
		And I'm like, why isn't this at like the national level?
		Why doesn't anybody know about this?
		How come it's only the small towns that are saying, hey, you can't get chicken?
		So something weird is happening.
		I wonder if it's worse than they actually say it is.
		Because I'm not gonna get conspiratorial or anything on this one, but there's a cyber attack on Colonial Pipeline, which shuts down the biggest oil pipeline in the country.
		And just before that happened, some people were saying there was like a massive leak of oil.
		Some people have said, if they paid the ransom to the hackers within three hours of the hack, why did they shut the pipeline down?
		Why did DHS come out and say there was no shortage when like 87% or 83% of gas stations in DC had no gas?
		They blamed it all on people panic buying, which some people did.
		But I'm like, I don't know, man.
		Is it possible the media is just lying to us?
ian crossland ▲ ● ▼		That is totally possible, yeah.
tim pool ▲ ● ▼		Yeah, how about that?
matt kohrs ▲ ● ▼		You wouldn't say.
ian crossland ▲ ● ▼		Yeah, right?
tim pool ▲ ● ▼		So now we're here and the White House is saying this.
tim pool ▲ ● ▼		The White House is worried there could be a major meat shortage soon.
lydia smith ▲ ● ▼		Soon, huh?
tim pool ▲ ● ▼		No, but this is crazy because there's already a shortage on beef.
		It's not even... This is crazy to me that they're saying this.
		And I wonder why is this happening after the shortage already hit?
		So I posted this thing on Instagram.
		I don't know if you saw it, but there's a barbecue shop not too far away.
		And like two weeks ago, they put up a sign saying, due to the increased price of beef, we can't sell it anymore.
		Because the price per beef doubled.
		And they said it was because gas has gotten so high, it's impossible to get beef.
		So I'm like, we have a bunch of farms around here.
		And so when we went out to try and find farm meat, the shops, all the farms were like, yeah, we're struggling to get beef.
		The regulators are not letting us harvest meat or whatever.
		It's being restricted.
		So I'm like, it's kind of weird, man.
ian crossland ▲ ● ▼		The word they phrased it, a major meat shortage, makes me think maybe we're about to see something we've never seen before, at least in this generation.
matt kohrs ▲ ● ▼		With the other shortages you were talking about, is there like reasoning behind that?
		I think you said the chips make sense, I've been paying attention to that, but I think you said chlorine.
		Is it because like production was stymied in 2020 and like now we're seeing the net results of that?
		Or is there like a different reasoning per one?
tim pool ▲ ● ▼		What's the best way to describe it?
		The system broke, and the establishment is desperately trying to bail water, but what they're doing is making it worse, right?
		So like, the economy gets shut down by all these different governors with the COVID lockdowns.
		That is like a freight train going full speed, just stopping.
		That and its tracks.
		What happens?
		Well, all the carts derail and fly off the tracks.
		It doesn't just stop.
		You can't start that train back up.
		So what people don't realize when we're seeing this stuff... Have you seen these fast food restaurants?
		Like McDonald's offering a thousand dollar sign-on bonus?
unidentified		Yeah.
tim pool ▲ ● ▼		That's crazy, right?
		Nobody wants to do the job.
		People see that stuff and they're like, oh, isn't it crazy that, you know, McDonald's is offering all that money?
		And then what you hear from a lot of these, like, younger leftist types is, maybe if they paid a living wage, people would want the job.
		What they don't realize is Biden is giving everybody $300 per week bonus not to work.
		So people don't want to work, but what they aren't seeing is... So they're like, so pay more money.
		Okay, well, you can't just pay more money.
		They're trying.
		What else it is, you can see fast food restaurants.
		You can see people aren't going to McDonald's, aren't working at McDonald's.
		What you can't see is they're not at steel mills either.
		You can't see the farms where people aren't picking the crops.
		You can't see the people who work the beef.
		Not there either.
		So it's not just McDonald's.
		It's across the board.
		People aren't taking jobs anywhere.
		They got a bunch of money and they don't care.
		So this is crazy.
		It's a weird thing that's happening.
		At the same time, we get this.
		The media telling everybody to eat cicadas.
		Have you seen these stories?
		Don't eat cicadas.
		I just don't want to eat one.
		Well, you shouldn't.
		They're parasites.
		They could have parasites.
		They're nasty.
		Have you heard them scream?
		Oh, God, no.
ian crossland ▲ ● ▼		Not up close.
ian crossland ▲ ● ▼		What does it sound like?
tim pool ▲ ● ▼		You know how you go outside and you hear the noise of the cicadas?
		That's all of them at the same time.
		But it's their wings.
		They're not really screaming.
		When you find one and you pick it up, it flaps its wings and you hear it go...
		It's like really freaky.
ian crossland ▲ ● ▼		Oh, that's the vibration from the wings fluttering?
unidentified		Yeah.
unidentified		Wow.
lydia smith ▲ ● ▼		That's why I grab them by the wings.
tim pool ▲ ● ▼		Super, super crazy, creepy noise, man.
		Anyway, the media has been pumping out articles like crazy telling everybody to go eat these bugs.
		And now we got one from the Atlantic that was kind of honest about it.
		They say, unfortunately, some cicadas taste like nature's gushers.
		If you must eat them, go for air fried.
		Dude, they're gross.
ian crossland ▲ ● ▼		We made, um, we made cricket bread.
tim pool ▲ ● ▼		Yeah.
tim pool ▲ ● ▼		And it's, it's like different.
ian crossland ▲ ● ▼		It was under, what did you think?
tim pool ▲ ● ▼		I see.
ian crossland ▲ ● ▼		Yeah, underwhelming.
tim pool ▲ ● ▼		Underwhelming?
ian crossland ▲ ● ▼		Not great, not horrible.
tim pool ▲ ● ▼		Yeah, I wouldn't call it bad.
		I would just say, like, you need it for a specific kind of food.
		Like, I think it would work with a meatloaf or something.
ian crossland ▲ ● ▼		Yeah, savory, for sure.
tim pool ▲ ● ▼		Umami.
ian crossland ▲ ● ▼		I wonder, we didn't use, like, four and a half cups of the cricket flour.
ian crossland ▲ ● ▼		We just had, like, one cup of cricket flour to, like, three and a half cups of white wheat flour.
unidentified		But it was definitely noticeable that it's something going on there.
tim pool ▲ ● ▼		You gotta get ready for the protein.
ian crossland ▲ ● ▼		I bet it's so good for you, too.
unidentified		It is.
tim pool ▲ ● ▼		It's got, like, twice the B vitamins and protein of beef.
		So you gotta eat the bugs, man.
		That's the future.
matt kohrs ▲ ● ▼		Well, going back to supply issues, cicadas only come up, like, what?
matt kohrs ▲ ● ▼		Once every, like, 13 years or something?
tim pool ▲ ● ▼		Isn't that... There are cicadas year-round, but the big surges are, like... Cicadas every year.
		Yeah, there's cicadas every year, but you barely see them.
		You'll hear a little bit.
		This is Brood X, where it's just, like, insane.
		The 17-year cicadas are nuts.
		And we've been feeding them to the chickens.
		Chickens love them.
		Uh, Bucko, our cat, was just sitting there, like, really slowly, just mauling one.
lydia smith ▲ ● ▼		Oh, gross.
tim pool ▲ ● ▼		Like, taking his time with it.
		You know, and, because cats like that when it's still alive, and it's, like, struggling.
		So, uh, yeah, I don't know.
		I brought this one up just to be, like, as an aside.
		We got these meat shortages coming, and they're telling people, like, it's time to, uh, to eat the bugs.
		I kind of feel like a big problem with what's happening is for one Joe Biden is doing this this unemployment boost they're doing the child tax credit so they're giving people money like crazy nobody wants to work there are supply side issues then at the same time we get these cyber attacks and that's why I kind of feel like it's all kind of weird you know I'll give you some historical context about the idea of conspiracies real quick and then we'll go to the next subject but When the Gulf of Tonkin incident happened, that was when the U.S.
		claimed to have been attacked, and so we were forced to enter the Vietnam War.
		Never happened.
		I guess historians now say it's not true, that it was a false flag, or there's no evidence to claim that we were attacked in the Gulf of Tonkin, and it was likely just made up so that we would enter the war.
		When that happened, people had no idea.
		Like, imagine you're, like, sitting in your room, and then all this stuff is happening in Vietnam, and you have no idea.
		And then a week later, you find out.
		Or more importantly, like, imagine the Revolutionary War.
		You're sitting in your house, you know, just finished, you know, farming or whatever, and at that moment, they sign a Declaration of Independence 400 miles away, you have no idea.
		You find out a month later when a postal carrier shows up.
		You're like, oh, we went independently this month, I guess.
unidentified		All right.
tim pool ▲ ● ▼		So what's happening right now, which I find interesting, is that the media wouldn't be telling us if there was a very serious conflict happening, something that was targeting our critical infrastructure.
		They wouldn't be telling us if something like right now, there could be a very serious thing that just happens.
		There could be another cyber attack.
		Case in point, an insurance company got hit by a cyber attack by ransomware.
		before the colonial pipeline.
		We didn't know about it.
		They never reported it.
		So this kind of stuff could be happening.
		We got no idea.
		And what's crazy is the media will tell you you're a conspiracy theorist.
		If you, if you, if you pontificate on why is it that we have a meat shortage?
		Why is it that people aren't working?
		And then a meat plant gets hacked.
		The weird thing to me about it is why would, why would hackers go after
		oil and meat production?
		Wouldn't they want to go after, I don't know, an insurance company?
		Or banks?
matt kohrs ▲ ● ▼		The grid.
matt kohrs ▲ ● ▼		Electricity.
ian crossland ▲ ● ▼		Oh yeah, that'll be the next one.
ian crossland ▲ ● ▼		Electric grid.
matt kohrs ▲ ● ▼		So many people are dependent on it.
tim pool ▲ ● ▼		Yeah, but they just want a quick ransom, right?
tim pool ▲ ● ▼		See, it sounds like you're saying it's an act of war against a civilian population.
matt kohrs ▲ ● ▼		I was just thinking if you went for the most damage, wouldn't that be your goal?
tim pool ▲ ● ▼		So the hacker group came out and said like we didn't mean to affect society this way.
		So if you're trying to make money to be a millionaire, you don't want to shut down an oil pipeline.
		You need the gas too.
		You want to eat a cheeseburger same as everybody else.
		You just want to be rich.
		So why go after meat and oil instead of like a financial institution?
		Unless there's something going on that we don't know about.
		Which is gonna...
		Get worse?
ian crossland ▲ ● ▼		There's the theory that the market was crashing anyway, and that people were happy to use the COVID lockdown as an excuse to start printing massive amounts of money and just expedite the crash, ultimately.
		So if that was the case there, then we see like a meat shortage.
		So maybe now they're expediting that by trying to hack it.
		But that just leads towards malice.
		I don't know if it's a malicious hacker or a government agent that's doing it to disrupt a Chinese thing, or if it's just easy targets.
tim pool ▲ ● ▼		Well, let's now jump into the financial aspect of all of this.
		As I mentioned, Joe Biden's printing $6 trillion, and now he's got a new proposal.
		More money pumped into the system.
		He's going to hire people to build stuff.
		But the Wall Street Journal reported that people had a decent amount of savings.
		People are flush with cash.
		They said families have cash.
		There's just no supply.
		There's demand, no supply.
		So if people can't buy what they want to buy, and there's nothing that's going to bring it back, why would they go start working again?
		If Joe Biden prints all this money and says, we're going to hire you to go build a bridge, they're going to be like, for what?
		I got a bunch of money, and I can't buy the PS5 anyway.
		So now we're seeing something interesting.
		People with a bunch of money and nothing to do with it.
		And that's where we get to this story from MarketWatch.
		A huge day for meme stocks sees Mudrick reportedly dump AMC stock and Roaring Kitty returns to rally GameStop diehards.
lydia smith ▲ ● ▼		What does this mean?
tim pool ▲ ● ▼		Yeah, OK, so Roaring Kitty, and I'm sure a lot of people might know the details, a lot of the stuff.
		But so I'll just I'll just briefly mention there's meme stocks.
		There's, you know, GameStop, AMC.
		I think what, Kodak, Nokia, were those part of the Bush?
		So people started buying this stuff because memes were popping up telling people to buy it.
		But there was sound motivation behind it.
		I guess it started with GameStop.
		So I covered this a little bit.
		We talked about it on the show.
		It was the GameStop rebellion.
		People were basically saying these hedge funds are engaging in illegal activities.
		They're doing naked short selling.
		They're shorting more shares than actually exist.
		Which is manipulating and destroying these companies, which is unfair.
		And so this dude's like, I like the stock, and he buys a bunch of it, rallies a bunch of people, and I wouldn't say directly, he's just like, hey, look what I'm doing.
		So then people were like, well, buy the stock too, and it screwed over all these hedge funds.
		So a lot of this ties into crypto, but let's just start from the beginning and then, you know, take us to where we gotta go.
		What's happening right now, AMC is up $38.50, I think.
		It's like a share of AMC.
		So it was at one point like a couple bucks.
		People are shorting it.
		So what's going on?
		Tell us what's happening.
matt kohrs ▲ ● ▼		Yeah, well, first of all, congratulations.
		I know there was a lot of people who were watching it today.
		After hours, it's just continuing to go bonkers.
		And really, this entire group of stocks are just highly shorted ones.
		And it all started with this Roaring Kitty character.
		Back in 2019, he just slowly but surely on Reddit posted he liked GameStop.
		And throughout 2020, it really got some traction.
		The stock was doing a bit better, but people liked the size of it.
		Way back in 2019, he put like $50,000 on it, or yeah, $50,000, and he was confident.
		And then in 2020, the world shut down, a lot more internet consumption, people started taking note of it, and then in January, it started to pick up, and that's when it went crazy.
		He was up millions of dollars.
		One guy, it was just insane.
		Everyone's looking at the money, and he just, It was funny because he was the guy who started all of this.
		He was diamond handing it no matter what.
		I think a lot of people faced with that money were like, oh, how could you not take it?
		And he just kept doubling up, tripling up.
tim pool ▲ ● ▼		He didn't give up.
		So explain diamond hands.
		We have a shirt, but you can bring it down.
matt kohrs ▲ ● ▼		Yeah, diamond hands.
		It's more of a reference to really almost poker.
		Like if you have a strong hand, you don't fold.
		So diamond being the strongest thing, it's like you're just not folding.
		No matter what happens, technically, fundamentally, you are just not getting out of the position.
		And that just caught, I think it was really the perfect storm of a couple psychological events of people in 2020 hurting for money, sitting around hearing this cool story.
		It was perfect.
		It played into that narrative that resonates with a lot of people of David and Goliath.
		It was this underdog, this one guy calling himself Roaring Kitty.
		And, well, he actually has the other name, DFV, and people just liked it.
tim pool ▲ ● ▼		They liked the value.
matt kohrs ▲ ● ▼		Yeah, they liked where it was going with it, and then when it exploded in January, for those of you who haven't been following the story that closely, in late January, before we knew it, GameStop was trading sub-50, and at one point in pre-market, it was above 500, in market hours, it was above 400.
		It was going so crazy, and people were making a lot, a lot of money.
		So at that point, what had happened is, this all happened because there was a high short interest.
		In the world of stocks, you buy a stock, you hope it goes from X up to Y, and you profit that difference.
tim pool ▲ ● ▼		So it's like, if you buy a stock at 5, it goes to 10, you sell it, you get 5 bucks profit.
matt kohrs ▲ ● ▼		Yep, exactly.
		So, in the stock market, there is an option to do the opposite.
		You can sell it at Y, hope it goes down from 10 down to 3, and you profit 7.
		So, with that, the only way to pull that off is, how could you sell something you don't own?
		Well, you end up borrowing it from someone, and it's basically an IOU.
		You want it to go down, you buy it back, and you give it to that person.
		Well, it got so out of hand with GameStop at one point, out of all the shares in existence, there was 140% short interest against it.
		So like people are like, how is that possible?
		How could you possibly short more of the stock than even exists?
tim pool ▲ ● ▼		Because like someone was borrowing it and then selling it to someone else who was then using it to like, and then someone borrowed it from him.
matt kohrs ▲ ● ▼		Yeah.
		It was just this never ending daisy chain of I own it.
		I loan it to you.
		You short it.
		He buys it.
		He loans it out.
		It was just.
		Buying, loaning, shorting.
		Buying, loaning, shorting.
		And it was just recycling and it got so huge.
		And actually, what we just explained to the letter of the law right now, not a financial advisor, not a lawyer, but that's legal.
		That is a legal practice right there.
		You can do that.
tim pool ▲ ● ▼		Naked short selling?
matt kohrs ▲ ● ▼		That's what I just described is not naked short selling.
		So that's normal shorting and that's allowed.
		And what it is, it's just the amount of people are getting caught.
		Because like when you have that much money betting against a stock, historically it does go down.
		Because it's just big money, they must know something, we must be getting it right.
		But once in a blue moon, there's enough people that start to pile in against that trade.
		And to get out of short, to close that position, you have to buy back to the market.
		We'll say I have a big short, I close mine, I lost a little bit.
		But because I bought it to close the position at a small loss, it goes up a little higher.
		Well, you hit your risk tolerance.
		You're another short.
		It goes up a little higher.
		You hit your risk tolerance.
		And before you know it, it gets so wildly out of hand because all the shorts are covering.
tim pool ▲ ● ▼		They've got to buy the stock to cover the short.
matt kohrs ▲ ● ▼		Yeah, they hit their risk tolerance.
		And like, if you own a stock, your risk is technically capped if it goes to zero.
		If you're short a stock, your risk is technically infinite because it could just keep going up and up and up.
		And that's what happened when you have so many shorts.
		Mathematically, the ceiling just goes higher and higher for every short.
		And so people saw this phenomena, and they found other highly shorted stocks.
		So GameStop led, and they're like, hey, I kind of missed that train.
		But all of a sudden, you have BB, NOC, COS, and one that really, really caught people's attention, and honestly, why I'm here right now, is because of AMC.
		So people noticed it, and in early February, all these highly shorted stocks kind of took a breather.
		But at that point, the AMC community specifically, it exploded on Reddit, Twitter, and YouTube.
tim pool ▲ ● ▼		Why?
matt kohrs ▲ ● ▼		I think something about the point of, it was a psychology play of with GameStop, if it was trading at 200 bucks, you could buy one share, and then if AMC's trading at 10, you could buy 20.
		So you just felt like you could buy more, like there was more of a psychological reward, especially with a potential massive squeeze incoming.
		It's like, well, I'll make more money.
		People just wanted more shares.
tim pool ▲ ● ▼		What's kind of funny about that is that it doesn't matter how many you have, it matters the percentage gained.
		When it comes to Bitcoin, everyone's like, oh, I can't spend $40,000 on a Bitcoin.
		It's like, no, it's a percentage gain.
		It's like you put in $100 and it goes up 10% and you made $10.
		It doesn't matter.
		However, when you realize that people think that way, then it actually kind of is better
		to have stocks that are cheaper, because instead of thinking about percentage,
		the person buying is gonna be like, wow, it's only a dollar, I can buy 10.
		So they actually drive the price up faster, because the stock is worth less per share.
matt kohrs ▲ ● ▼		Yeah, and with that, as the community grew, this is, like they were talking about Naked Shorted
		with the first GameStop thing, but now that it's been a couple months,
		since early February, there's been so much DD research going on.
		And this is where we entered naked shorts, which is an illegal practice.
		So in the example of I own shares, I loan it out to you, you borrow it, you pay the fee, you short and that daisy chains.
		So what naked shorting is, is actually when you take the short position, And you never ever borrowed it.
		It just did not exist.
		So you just added more supply out of nowhere.
		It exists digitally, but you're increasing supply.
		Demand stays the same.
		So it's driving the stock down.
		You just increase supply.
		So with that, and then it gets more out of hand because you bought these fake shorted shares, like people refer to them as synthetic shares because they never should have been shorted.
		You bought them off of him, you think you have legitimate shares.
		So then you loan them out to someone who actually wants a short, and you get this tree root system of all these actions that should have never happened because of the initial naked short.
tim pool ▲ ● ▼		So the system is basically, it's got a bunch of hollow points.
		Yeah.
		And then what, when it comes due, what happens?
matt kohrs ▲ ● ▼		So that's the interesting thing is so the way we're using a broker you like you sign up to Weeble or whatever it is you have a broker will hedge funds have prime brokers and just a fancy name for whoever facilitates their trades.
		So really the prime broker is the person who is supposed to locate the shares for them to short.
		But to the best of my understanding, they have like two days to locate them.
		Sometimes they don't, and they can even kick that can down the road.
		And before you know it, in high volatility, stocks do so many trades so much, and you just don't know how out of hand it gets.
		So really, they get a slap on the wrist.
		They're supposed to buy the shares that should have never existed off the market, and they did it.
		But one of the main things I kind of stress to my audience is, yeah, OK, you bought those shares off, but there's no way to get back any of the damage that was done from the result of how long they were on the market.
tim pool ▲ ● ▼		So hold on, let's think about it for a second.
		It sounds to me like, what's AMC currently short interest?
		What percentage of AMC is short?
unidentified		18%.
matt kohrs ▲ ● ▼		And that's the ones that are legitimate legal shorts.
matt kohrs ▲ ● ▼		Inherently, there's no way to track illegitimate shorts because they were never documented, hence why they're illegitimate.
tim pool ▲ ● ▼		Wasn't GameStop like over 100%?
matt kohrs ▲ ● ▼		It was at 140 at its peak.
tim pool ▲ ● ▼		Where's it at now?
matt kohrs ▲ ● ▼		20%.
tim pool ▲ ● ▼		21%.
		Okay, so it's way, way down in terms of...
		Yeah.
		But if it's over 100%, then it's basically like a guarantee that they're going to have
		to buy your shares off you at some point, no matter what the price is.
matt kohrs ▲ ● ▼		Not a guarantee, because with that much money betting against it, usually they're right
		and they actually drive it down.
		That was the argument.
		There were so many hedge funds piling against AMC, GME and these others, there was a good chance of them forcing it to go bankrupt.
tim pool ▲ ● ▼		But with a whole bunch of bored internet people, that's a really difficult thing to go up against.
tim pool ▲ ● ▼		It's a hive of bored people with stimulus checks.
matt kohrs ▲ ● ▼		And I think that's one of the things really going against the hedge funds right now of from early February till now the community specifically in AMC is getting bigger and bigger and bigger.
		The CEO Adam Aaron was talking about there's 3.2 million Retail investors, individual investors, and that was actually a little bit ago.
		So now it's just the word is spreading.
		Even this, me talking here, more people are finding out about it and it's getting bigger and bigger and bigger.
		So at first it was this storyline of David and Goliath, the little retail traders, but now there's so many little Davids that you almost have like a whole nother Goliath versus that original Goliath.
tim pool ▲ ● ▼		This is interesting.
		There's some questions about the The security in the value of like a stock, for instance, because they can always dilute.
		You know, when we look at Dogecoin, for instance, the price goes up simply because it is a scarce commodity to a certain degree.
		Its price reflects its scarcity and the demand for it.
		So Bitcoin is becoming increasingly more scarce just by nature of what Bitcoin is.
		People want to use it because it's a safe, decentralized store of value.
		So the more people want to use it, the price just keeps going up.
		So the people who are holding it are happy, and people want to get in because it's going up, and it's like a system where everyone's just like, we gotta buy more, which just drives the price higher and higher.
		With stocks, they could dilute, and that could negatively impact you.
		All of a sudden there's more shares, they get sold, and now it devalues a lot of the shares.
		But at the same time, it's not incredibly common that they'll just keep printing shares, right?
		They can't just do that, can they?
matt kohrs ▲ ● ▼		Well, there is a process where you, like, ask for shareholder approval to authorize new shares, then they're authorized, and the board and the leadership team, when they deem it necessary, then they can do it.
		So, like, there is a certain, I guess, process that they're going to go through.
		But even talking about that, that happened to AMC today.
tim pool ▲ ● ▼		But the price still went way up.
matt kohrs ▲ ● ▼		Exactly.
		So it's not a definitive thing because sometimes you're diluting or you're doing an at-the-market offering to raise money, and then it's the perception of the public of, did they do it for a legitimate good reason?
		So yesterday they sold about 8.5 million shares for around $27.
		They raised $230 million.
		The reasoning for it, and the CEO tweeted it out, was to acquire more movie theaters, expand their market share.
		And then today, well, this is a whole nother weird, I guess, turn of events.
		It gapped up, it was strong.
		Midday, the hedge fund that bought it actually sold it.
		And they not only sold it, they did it all at once.
		And they did it during the market hour, which is a really, really sneaky tactic.
		And the reason it's sneaky is because midday, especially from 12 to 1, everyone's on lunch.
		It's the lowest volume part of the day.
		So whatever you do has the biggest impact.
		So the whole point of that psychologically is you see the jump, people get scared, they
		get an alert and it causes like actual capitulation.
		People are like, what's happening?
		Yeah, it hit stop loss orders, it caused capitulation and then people get scared.
		They're like, hang on, I don't know what's going on.
		One of the quickest things to drive a market up or down is greed and fear, and that's what you do.
		So when stock goes up, you have FOMO buying.
		They just see it ripping, and everyone's like, I want to buy, you hop in on it.
		The opposite is true.
		You see a big red bar, you get scared, and because you get scared, you sell, someone else will sell.
		The stock market is so emotionally driven and sometimes that could be used to a benefit and other times it's not but it was just so strange that they bought it at 27 like that and then they sold it today and not only was it a weird timing and they did it all at once you could see the volume traded in like a particular three minute time frame But beyond that, they went out of their way to make a public statement that it's overvalued.
		So within one day, they loved it at $27,000, and then they tried to drop it at $32,000, $33,000.
		They're scamming the market.
		Yeah.
tim pool ▲ ● ▼		That's what it sounds like.
matt kohrs ▲ ● ▼		And it's weird because you'll have some correspondents talking about all these retail traders manipulating the market.
		How is that not?
		When you know people are paying attention to it and you go out of your way to make a public statement where it's just listen to and that's what why this is getting they're just throwing gasoline onto the fire with this type of thing when you act that way because people who are on the fence of like maybe there isn't manipulation maybe we're overstating it then they hear storylines like this and you're like what are you possibly do like it's so so bad and then There's a couple more things that play into it, but then the media reports on it, and it's always like, retail, they shouldn't be doing this, blah blah blah.
		Like, it just gets so out of hand, and it's just feeding the fire bigger and bigger.
tim pool ▲ ● ▼		This is what I was saying earlier on with the other segment about, you know, meat shortages and stuff, was that it's like the system is collapsing, and they're trying to bail water, but they're making it worse.
		I look at it this way.
		They issue this unemployment bonus.
		You know, everybody's now getting extra 300 bucks.
		A lot of people have money from, you know, their jobs.
		Not everybody was working, but people have money from unemployment and nothing to buy.
		So here's something you could buy.
		You can download an app and just buy something.
		It's like, what else are you going to do with it, right?
		So all of a sudden now, you've got this massive short interest on stocks like GameStop or AMC or whatever else.
		And 3.2 million retail investors who can't go anywhere, can't do anything and are bored and are like, yeah, I'll join in.
		I'll buy something.
		So You've got this lockdown.
		They shut everything down.
		It damages the economy.
		Then at the same time, people have nothing to do.
		So they switch to this, which causes hype.
		It's like everybody pointing a laser pointer at the same spot at the same time with millions of people.
		It's going to actually start burning.
		And now the hedge funds are freaking out.
		So it's like Biden and the Democrats think we're going to do this unemployment bonus.
		It's going to help people.
		But instead, it just causes more destabilization, in a sense.
		If people are able to... I don't want to frame it like a bad thing.
		I mean, these hedge funds shouldn't be able to do what they do anyway.
		Are you familiar with Max Keiser?
matt kohrs ▲ ● ▼		No.
tim pool ▲ ● ▼		So Max Keiser is a big financial guy.
		He's a big Bitcoin guy.
		And he was on the show talking about how these hedge funds just get free money from the government anyway.
		The government just prints stuff, gives out the loans from the Fed, and then they can just do whatever they want with it, and it manipulates the whole system, and it basically strips the value from working-class people.
		all of a sudden, whether intentional or not, working class people said, I want to play the
		game too. And now they're, you know, firing their lasers on the same direction and it's causing
		serious problems for the ultra elites and the financial system itself, which has been stripping
matt kohrs ▲ ● ▼		value from working class people. It's just, it's exactly that.
		It's that, like, the pompous attitude of an elitist of, like, I know what's best, I'm doing it right, let me gut the economy to make millions or billions myself.
		And, like, working class, hey, you'll be fine.
		Like, just, I'm right.
		I know what's going on with money.
		And they get so, so angry about it.
		Of, like, they're using all these antiquated models of, like, fundamental analysis of GameStop's overvalued AMC.
		We have to short it.
		You don't know what you're talking about.
		Well, at the end of the day, Value is a perceived concept.
		If I wanna buy AMC at 50, and if enough people wanna buy it at 50, it's gonna trade at 50.
		That's all it is.
		There's no rules.
		It's unsettling to some people, but it is legitimately a house of cards, and we're the ones who give it value.
		Enough people give it value.
		And that's what it's gonna trade at.
tim pool ▲ ● ▼		Is 18% short interest enough to actually have a massive short, like GameStop?
matt kohrs ▲ ● ▼		Yeah, so that's an awesome question.
		Obviously, people compare it to GameStop and they're like, hang on, that's a lot lower.
		In terms of magnitude, it is considerable.
		Tesla's considered to be a highly shorted stock.
		It's not at 6%.
		And then you have a normal stock.
tim pool ▲ ● ▼		So Tesla's at like five something?
matt kohrs ▲ ● ▼		5.8% shorted.
tim pool ▲ ● ▼		And that's considered high.
matt kohrs ▲ ● ▼		Yeah, that's a shorted stock.
		And then a normal stock like Apple's at 0.8%.
		Shorting is a very abnormal tactic in the stock market.
		Most funds, most everything is a long only.
		You're buying and you're hoping it goes up.
		Shorting is definitely bucking the trend.
		So I get it.
		18%, 20%.
		What GameStop is at now is just like, I think it's 20.6% the last time I checked.
		Yeah, it's still just high.
		The magnitude is there because As of now, in existence, there's about 500 million shares of AMC.
		That's how many there are.
		So that means there's about 135 million roughly that are on loan that we know about that could be legitimate shorts.
		So what happens is if it goes up, those 130-ish million shares have to be covered for.
		At a certain point, they're going to hit their risk tolerance.
tim pool ▲ ● ▼		The price has to keep going up.
matt kohrs ▲ ● ▼		Yeah, and beyond that, their back is, like, they're fighting time because every single day they pay a borrow fee.
matt kohrs ▲ ● ▼		But if you own AMC, you just sit there.
tim pool ▲ ● ▼		You pay no extra fee.
		You're just like, let's see how this goes.
		So again, I mentioned this early on, Full Disclosure, I do have some AMC.
		I also, I bought Nokia because I like You know, I genuinely thought they were good ideas.
		Like, cell technology, I'm a big fan.
		I used to do a ton with mobile tech.
		I used to have my own app.
		And then with AMC, it's like, the only thing I ever really used to do, like when we'd go out, I don't go out, we'd go to the movies.
		Like, on the weekends, we'd go see a movie.
		And so I'm like, that's something I care about.
		I also at one point had stock in Blizzard.
unidentified		Okay.
tim pool ▲ ● ▼		Because I'm like, what do I do and what do I care about?
		Video games, technology.
		So I bought some AMC.
		But it sounds like this short interest is high.
		And if everybody just decides to buy some AMC stock, then the short sellers have no choice but to hire massive high prices.
unidentified		Yeah.
tim pool ▲ ● ▼		So what happens if they can't afford it?
matt kohrs ▲ ● ▼		Well, that's to the point where they get margin called and have all these new SEC rules of collateral requirements.
		It can get super hairy.
		But even on top of that, not only is it high, it's going up.
		The short interest is getting high.
		They're taking more bets out of it.
		It's not like it's staying constant.
		So there's new players and stuff, but at the end, it's literally throwing gasoline onto this fire.
		It's insane.
tim pool ▲ ● ▼		So, you know, I've talked to people about this.
		It's an interesting gamble, right?
		Let's say a stock's trading at $5, and it's got a lot of short interest because they're like, it's a trash company, it's not gonna work, the market's changed.
		And then you get someone on the internet that says, hey, everybody buy this.
		Now it goes up to $10.
		Well, the people who already thought it was overvalued at $5 are now like, dude, it's way overvalued at $10!
		Do it!
		Short it now because you're gonna make twice the money you would've made before.
		Then more people on the internet drive the price up to 50 bucks.
		Well, certainly then those people are going to be like, what? It's at 50 bucks. These people are insane.
		It's going to collapse. Short it now.
		Every time it goes up and they think it's overvalued, it's basically two forces.
		The internet stock meme people are betting that they can have
		diamond hands longer than the short sellers can hold out.
		So like you mentioned, if they gotta pay a fee and the people holding the stock don't, then it's lopsided in favor of those who just bought the stock and are sitting on it.
		It sounds like it's not even a gamble. I mean a lot of people have likened, like they're saying millennials are
		playing the stock market like a casino.
		And I'm like, I don't know, the way you describe it, maybe you're wrong.
		Maybe I shouldn't take advice from you, but if you're right, it sounds like you're saying it's a really, really good bet
		against really dumb people.
matt kohrs ▲ ● ▼		Yeah.
		And I mean, there's two things to go into that.
		A lot of the people have been involved with it.
		It's more of the mindset of, I had nothing before it.
		What's the issue with going back to zero?
		Many people, they're like, I have nothing to lose.
		So it's like, if you call our bluff, we don't care.
		We're going to call your multi-billion dollar bluff.
		From, I mean, this was when the stock's at 30, and I believe the stock's at 38.
		At 30, from Monday till now, their shorts are down $1.5 billion.
		And that's just from Monday.
		It's been going up before that.
tim pool ▲ ● ▼		And we saw what happened with GameStop.
		People are still thinking they're going to win this game.
		I still have Dogecoin.
		It drops by like 50%.
		I'm like, whatever.
		I bought more actually.
		I bought more today.
matt kohrs ▲ ● ▼		I mean, and that's just the whole mindset of Diamond Hand.
		Cool.
		They see Red.
		When I'm streaming and there's any notable drop, cool, buy, discount.
		It doesn't phase them now.
		Maybe it started out as a joke of Diamond Hand, but now it's truly the descriptor of most people's mindset on this.
		They're like, we don't care.
tim pool ▲ ● ▼		I saw a meme that said GameStop is the new gold and AMC is the new silver.
		Because people are making the joke where it's like, as long as it's a scarce resource that could be a store of value and it can't be copied, store your money in a stock I guess.
		Because it doesn't matter if the company is doing well or not if people just believe in the stock.
		So it's like, you know, we had a We routinely have people here who say, I'm not a fan of Bitcoin for some reason, right?
		And they always go like, where's Bitcoin's value come from?
		And I was like, confidence.
		A lot of people like Bitcoin.
		It is scarce.
		It's a deflationary currency, or I shouldn't say currency, it's a deflationary store of value.
		And people feel confident that if they buy it, they will retain or gain money.
		So long as that confidence exists above a certain threshold, it's gonna keep going up.
		And when you see Goldman Sachs and Morgan Stanley and whatever, when they're all just basically like, yes, we're bullish on Bitcoin, I'm like, okay.
		Well, alright then.
		So why wouldn't I think crypto is good?
		You look at GameStop, they could issue shares, I suppose, or whatever.
		Same principle, though.
		It is a scarce object that can't be copied, and people feel confident that buying it will store their value or make them more.
		In this instance, a lot of greed.
		The funny thing is, it seems like the power of the internet and the meme factories, the meme magic in this, is real.
		And the media's attempts at manipulating isn't working, right?
		So I think what recently CNBC called GameStop and AMC penny stocks or something like that, and GameStop's at like $2.50 and AMC was trading at like $20, broke the $20.
		Everyone's freaking out and they're saying it's penny stocks.
		They're trying to meme it down, but there's too many people online who are like, I'm just going to buy it anyway.
		Here's the way, here's how I feel about it.
		I bought Doge and I'm just like, I honestly don't care.
		I bought it because I want it.
matt kohrs ▲ ● ▼		That's it.
unidentified		Yeah.
tim pool ▲ ● ▼		I'm not, I, some guy made a million dollar, like became a millionaire off Doge, like good for him.
		He's still holding like, yeah, a lot of people are buying these stocks just to have them.
		Cause I think about it this way.
		You get a check from the government that you don't need, and they give you like $600 or whatever, a stimulus, and you're thinking like, I don't know what I'm gonna do with it.
		You can't buy a PlayStation, they're all out.
		It's like, okay, well, you know, I got a computer, I can play computer games, uh, you know, whatever, I'll just buy some GameStop, I guess.
		And then they forget about it, and then they're just holding it and not caring because they didn't need it in the first place.
matt kohrs ▲ ● ▼		It blows my mind.
		This was over the weekend and now the stock's even higher.
		This post market is a new all-time high.
		So as of last week, I was getting DMs from people between options and stocks.
		They would send me a screenshot of their Webull, not even the highest tier of trading accounts, up 2.3 million.
		I was like, oh, what are you doing?
		I'm throwing it back in.
tim pool ▲ ● ▼		What are you gonna do with the money?
matt kohrs ▲ ● ▼		They're so pot committed to this play and I love it and like the hedge funds or even now there's some retail who think it's gonna go down and they're betting against it.
		I think they've played it wrong in two very notable ways and the first way they did it was actively speaking out against it.
		They're going on certain news outlets and they're just fanning the fire.
		One of the best things they could... it's as weird as it sounds they don't get the internet.
		As soon as you tell someone not to do something, it's the first thing you want to do.
		So there's one analyst out there, and about a month ago, he came out with a price target of a cent on AMC.
		As in, it's going bankrupt.
		It's not worth it.
		And he keeps doubling down, and every time he does it, he now has not only blocked everyone in the community, which had to take hours of his life, he made his Twitter private.
		Because, like, everyone was just arguing with him, and that was the joke.
		Like, I was even tweeting.
		I was like, wait.
		Is 30 bigger than a cent?
		I'm not the best at math.
		I'm dumb money.
		I just don't get it, but it's in the green.
		It's the game to us, and they just don't get it.
		And that has not only thrown gasoline on the fire, which I keep saying, but now some of these other hedge funds, they're joining in on our side.
		BlackRock, the world's biggest hedge fund, is long.
		Vanguard is long.
tim pool ▲ ● ▼		They're long on AMC.
matt kohrs ▲ ● ▼		They're switching it, and they're buying huge amounts.
		They're taking out a competitor.
		They're the agile ones that are clearly seeing the landscape, and they're like, well, we're gonna take this one out.
		Melvin Capital was the one that was notoriously against GameStop in January, February.
		They lost 50% in the first quarter.
		But what's weird, and this is what irks the average person, if you blew up that bad, they just got bailed out.
		Cohen 0.72 in Citadel, they're like, ah, we'll buy you out, we're fine.
		When you really look into it, on the top level, it's fun.
		And then when you look into it, I truly get the frustrations.
		If I sold something on the street that legitimately did not exist, I get in serious trouble.
		I do it two times, I could go to jail.
		It's called fraud.
		Yeah, the more you do it.
		But someone like Citadel does it, and it's a fine.
		You look at the fine, and you look at the profit from that trade, you make 100 bucks, you're fined 10.
		Why would you ever stop that practice?
		Ever stop that practice.
		And that's just one of it.
		Like, you look it up, Citadel, like from 2006 till now, there's like 20 times, 50, some absurd amount of times that they were caught, which doesn't tell you how many times the FINRA and SEC did not catch them doing stuff.
		And it doesn't matter, they have so much power.
		Citadel Security's world's largest market maker.
		We are not getting away with it.
		It's just, it's insane.
tim pool ▲ ● ▼		Here's a big problem I see.
		What do you do with the money when you get it?
		Let's say you're somebody who, uh, you get a stimulus check, you bought a bunch of, uh, you know, stock of some sort, it skyrockets, you're a millionaire.
		What do you do with all that money?
		I guess you could buy a house.
		The problem is, the housing market's insane.
		People are buying property sight unseen.
		We mentioned earlier in the show, there's a WAPO story about a house that sold for a million dollars over asking, just because people are like, I don't care, I'm gonna buy the house.
		So sure.
		You make a quick million bucks off Doge, or GameStop, or AMC.
		What do you buy with it?
		What can you buy with it?
		We've been waiting for over two months to get a new computer for the studio.
		Had to order it, we needed an upgrade, and they're like, sorry, we're all out of chips.
		Like, we're just gonna wait, I guess.
		So I think what's happening is, it's good news for the little guy in a certain sense.
		It may be bad news for everybody in the long run.
		You've got people who are making tons of money, and there's a reason why they're putting it right back in.
		What else are they gonna do with it?
matt kohrs ▲ ● ▼		I think for them, because they started pretty close to zero, many, many people, they're just like, well, let's see how big I can get it for like, they just, the joke is when Lambo, but they're basically describing like, when do I get life changing money?
		And I mean, just anecdotally, I don't have the stats on it.
		But like, the thing I hear is, I finally paid off my student debt, I finally paid off my mortgage, I finally am not begging Verizon to keep my internet on.
		And then other ones, it's very sad.
		I mean, when I started this, you project yourself on it.
		I'm 26.
		I thought it was fun.
		I was in on the bet.
		And then I threw this platform that I've been so fortunate to have.
		You get real stories.
		Some people were reaching out to me of just super, super sad things of like, I was financially stuck in an abusive relationship and I can finally leave that.
		And like that just resonates like I started this for the lows and the jokes but like seeing what it's become and like positively impact it and I get what you're saying about like certain material things but I think um just how I'm like a deeply human level how upset people have been like with how their life has been going they viewed they're clinging on to hope and I think that cling on to hope is the exact reason why these hedge funds, they're not going to end up winning it because I think they're undervaluing people's ambitions.
		So hold on that.
		It starts as the joke, but when you like really unpack the psychology of it, I just don't see how they end up winning this particular one.
tim pool ▲ ● ▼		I think a lot of this is evidence to state that the U.S.
		dollar is going to collapse to some degree, meaning it'll exist.
		I'm not saying it will cease to exist.
		But if you've got people who are getting millions of dollars and then just putting it right back in, if you've got hedge funds now joining in and people don't want to work, what's the value of a dollar if you can't buy something with it?
		So if somebody's got millions of dollars in stock, they don't need a job.
		If people are getting paid by the government, unemployment checks, bonuses, they don't need to work.
		If you can't even buy the PlayStation you want, then what am I looking forward to with working anyway?
		My bills are covered.
		So what happens then is the ultra wealthy, the hedge funds who are like, we've got a billion dollars.
		What do we do with it?
		Nobody wants to work.
		We can offer people more and more and more money.
		They still won't take the jobs.
		The money has no value if people don't want it.
		That's the value of the currency.
		It's the confidence behind it.
		Anything, really.
		So it seems like right now a lot of people have more faith in AMC's stock.
		Not even necessarily as a company, just like the meme stocks.
		Then they do the actual US dollars to do something with.
matt kohrs ▲ ● ▼		Oh yeah, and I think that's why what we saw playing out with Dogecoin, why it happened.
		It's like, I'd rather take that bet.
		And whether people are actively paying attention to it or not, you alluded to it before, the inflation is incredible.
		Like the can we are kicking down the road is way beyond a can.
		We are rolling a barrel of oil and there's like a flame right behind it.
		It's just the policy of unlimited quantitative easing.
		I get it at a high level of like, let's help out with unemployment.
		Let's just see if we can assist with it.
		But the degree, the magnitude to which it's like surpassed 2008 and 2009, it's just unlimited currency.
		Of course it's going to devalue it.
		And then like, I'm sure you guys are better to comment on like, then what it changes in Competition to the yen and that stuff.
		There are serious political, global ramifications of the actions, and I'm by no means an economic expert, but I'm at least smart enough to recognize it's not good.
tim pool ▲ ● ▼		Yeah, I think... I'm not going to tell anybody what they should or shouldn't do.
		I don't give financial advice on this show, but I'm buying crypto.
		I'm buying crypto, man.
		I was reading... What was I reading today?
		Well, for one, we saw recently Goldman Sachs announced They're like, you know, oh, crypto is a new, you know, key asset or whatever, an asset, a class, an asset class.
		So they're like telling people, like, this is something you want to buy.
		And Bitcoin is decentralized.
		It's it's possible, but, you know, extremely difficult to to manipulate.
		You know, there's there's things you can do, like with what Elon Musk did.
		But I look at what the rich people are doing and I'm like, they're preparing for something.
		You know, there was there's a Mountain bunkers in, like, New Zealand.
		You guys ever hear about this?
		Rich people have, like, landing strips in mountainsides.
matt kohrs ▲ ● ▼		Like D-Day bunkers, almost?
tim pool ▲ ● ▼		Yeah, so, like, the apocalypse happens, they get in a plane.
		It's like, why not, man?
		If you're worth... You think Bezos doesn't have a Fallout vault?
		Why wouldn't he?
matt kohrs ▲ ● ▼		Definitely does.
ian crossland ▲ ● ▼		Like a seed vault.
ian crossland ▲ ● ▼		You know that Arctic seed vault they have.
tim pool ▲ ● ▼		Svalbard?
unidentified		No, no.
ian crossland ▲ ● ▼		Yeah, I think it is.
tim pool ▲ ● ▼		Yes, in Svalbard.
		I don't think, I mean maybe, I'm saying straight up like if I was Jeff Bezos, I would literally make like a vault tech vault.
		I'd be like just, you know, I don't want to do any experiments like they do in the game.
		I just want to have a regular vault.
		So build it.
		Why wouldn't they?
		But they do.
		They do have things like this.
		They sell, like, missile silos that have been converted into homes.
		You can, like, you go down, like, 16 or 20 stories, whatever.
		So, anyway, rich people have prepared for a lot of really crazy things.
		But now you look at what's going on with cryptocurrency.
		Yeah, the ultra-wealthy are buying into it big.
		They're manipulating it big right so Elon Musk pulled a really shady move he announces. Hey, we're gonna be doing
		Bitcoin Bitcoin for Tesla I think that was this year right yeah
		He says we're gonna do Bitcoin for Tesla then he gets a bunch of Bitcoin and then announces
		We're not gonna do it anymore Then the value drops, but what happened the people who were
		selling the crypto were poor people They were essentially the retail investors people what a
		couple hundred bucks here and there who panicked when they saw it collapsing and like oh
		No, Elon Musk doesn't want to use it anymore. Oh, no square says they're not gonna use it
		So they all sell.
		Guess who buys it up?
		The rich people.
		The rich people buy it all up, and then after that dip, Goldman Sachs comes out and they're like, oh by the way, we're going to recommend all of our wealthy clients buy more into this.
		So I'm like, I look at what they're doing.
		I wouldn't necessarily do everything they've done.
		You know, shorting GameStop seemed to have been a very bad idea at AMC.
		But I also wonder if what they're doing with crypto manipulation is to cover their losses.
		Like a lot of these hedge funds are like, if we go belly up, it's going to be 2008 all over again.
		What can we do?
		And it's like, well, let's steal the money from poor people through cryptocurrency and use it to cover our losses.
matt kohrs ▲ ● ▼		It's one of those things that on my end of it, it's hard to tie things exactly together unless you're the one executing the trade, but we really commonly see the opposite moves as if they're trying to cover margin requirements, liquidity calls in other markets and that stuff.
		And it's an easier asset class to move money, to wash money through.
		You do see weird things, and I'm like, maybe at that point I'm putting on my tinfoil hat, but I don't know.
		It just seems very, very realistic.
tim pool ▲ ● ▼		I've got two views on this.
		How could a regular person think that they're going to be able to beat the hedge funds who have got friends in government covering their asses?
		At the same time, I wonder how can the hedge funds think they're going to go up against 3.2 million regular people who can just flood the zone with cash and shut them out?
		It's hard to know which way it's going to go.
matt kohrs ▲ ● ▼		I mean, one thing we haven't touched on is at the start of February, the brokerages just stopped the buying.
matt kohrs ▲ ● ▼		And everyone's like, you can do that?
tim pool ▲ ● ▼		Right.
matt kohrs ▲ ● ▼		Robinhood shut it all down.
		Almost all of them did.
		Robinhood, I guess, became the symbol of it just because of their name.
		They're like, it doesn't seem like you're Robinhood.
		That's pretty weird.
tim pool ▲ ● ▼		Robinport.
matt kohrs ▲ ● ▼		Yeah, but they were robbing from us, but they stopped it, and everyone's like, whoa, whoa, whoa!
		Like, whatever we've been pitch of this concept of the free market, we're like, that seems super not free market.
		Hey man, like, what's going on?
		And we're not, like, the way the legal system moves, it's so slow, and like, right now there are certain federal and statewide cases against Robinhood.
		But you hope it doesn't happen again, but we're about to find out most likely and we'll see.
		But the amount of distrust in the system at large, whether it's the political system, the economic system, I feel like it's growing.
		And like, I don't know, like at my age, maybe I just haven't seen enough.
		Maybe it's been worse at other times, but the times that I've been actively paying attention to it, it does seem like it's upticking of just like the underlying anger and distrust for our systems.
tim pool ▲ ● ▼		How much of this is just greed?
		Just people like, I'm gonna turn my paycheck, I'm gonna double my paycheck right now, you know what I mean?
		Like, you go, you work, you get a couple hundred bucks, or, I mean, a lot of people aren't working, but let's say you did work and you got paid a thousand bucks, you're like, whatever, I'll put in an AMC for the week, pull it out back at two thousand, right?
matt kohrs ▲ ● ▼		Mm-hmm.
		I mean, very possible, but I could also argue it's greed the other way of, why do they keep shorting it?
		They think they're so right, and they're trying to make money about driving a company into the ground.
		It's just, I mean, I think everyone's in it for self-benefit.
		It's just like, you're going to argue your point stronger.
tim pool ▲ ● ▼		Crypto's a really good example of the greed, I think, because we get super chats all the time.
		And it's like, you know, Tim, you really got to look into this particular cryptocurrency.
		And it's called like, you know, Flobble coin or something.
		It's like, I've never heard of this.
		It's worth like 0.00001 of a cent.
		And it's like, I personally have 14 billion of these coins.
		So like, everybody's got to get it.
		It's the new thing.
		And I'm like, is it the new thing?
		Or is it just the one you bought?
		And you want everyone to buy in so you can cash out.
matt kohrs ▲ ● ▼		Yeah, I mean, I think I even experienced a little bit of that after the Doge run up.
		Like, everything seemed to be like, they even pitched us that.
		They're like, oh, it's just another meme one.
		Like, they were trying to hop into it.
		And I always took the argument that it's very difficult to recreate a perfect storm.
		But man, if GME was one, it seems like the community at large is about to pull it off with AMC again.
		They, to some degree, pulled it off with Doge, and we don't even know if that storyline's really over.
		Like, the same thing, it went up, might be taking a breather, sell out a new price, and then rip again.
		Like, you just don't know, but it seems like all the changes, and maybe it's because of technology, it happened so much more rapidly, and at, just like, The ferocity of it is just such a greater magnitude of like just the the swings up and down just across the board.
tim pool ▲ ● ▼		It's nuts.
		Like I'm watching the like my stocks and I'm like if I was perfectly trading like here's the peak sell like here's the dip buy.
		You'd be making, like, millions per day.
matt kohrs ▲ ● ▼		Oh, yeah.
tim pool ▲ ● ▼		Just, like, and it's an exponential increase.
		The more money you make, the more you do, and eventually you get so big, you're actually swaying the market yourself with your buying and your selling.
		Like, the act of buying the dip makes it spike up, and then you, when other people get FOMO and buy in, you sell.
unidentified		Yeah.
tim pool ▲ ● ▼		That, it's just, you know, watching cryptocurrency prices, where it's like $42, $33, $37, I'm like, man, people are becoming billionaires off this.
unidentified		Yeah.
tim pool ▲ ● ▼		The ones who are pulling off those trades perfectly.
tim pool ▲ ● ▼		I can't see, man, how an economy like this works.
matt kohrs ▲ ● ▼		I don't understand it.
		It seems like we're not completely off the rails, but it feels like the train is kind of shaking.
		It's starting to get there.
		It's like really picking up, but I wonder that.
		It's like one of those things, like maybe should I have just started the economy for like five decades of my life?
		And I'm like, oh, this happens every so often.
		Or is it a legitimate shift in the direction that we're actually going?
		Like, is it truly unsafe?
tim pool ▲ ● ▼		I think there's a shift.
		I think something's gonna change.
		Check this out.
		So we got the story from NBC10 Philadelphia.
		In a convenience store chain first, Pennsylvania's Sheetz, I'm saying that very carefully for YouTube, to start accepting crypto.
		Quote, we're very excited to be working with Flexa to roll out support for cryptocurrencies and other types of digital assets at our stores.
		Linda Smith, payments manager for Sheetz, said, gotta be very careful with that.
		We're probably getting demonetized anyway.
		They're gonna be like, you can't say those words.
		So anyway, they announced that they're going to be taking Bitcoin, Dogecoin, Ethereum, Litecoin, and other cryptocurrencies.
		This is a major chain.
		I mean, you've had Sheetz before, right?
		Yeah.
ian crossland ▲ ● ▼		I love Sheetz.
tim pool ▲ ● ▼		You do?
ian crossland ▲ ● ▼		That was like my high school.
tim pool ▲ ● ▼		It's like Wawa versus Sheetz.
ian crossland ▲ ● ▼		College stop at place after rehearsals.
tim pool ▲ ● ▼		It's pretty good.
ian crossland ▲ ● ▼		Yeah.
tim pool ▲ ● ▼		And they got good selections.
ian crossland ▲ ● ▼		It was groundbreaking when you could go in, you have a machine, and you could pick, like, I want a sausage sandwich with onions and this, and then it's made to order.
		First gas station I'd ever seen that at.
		It's more of just a gas station.
matt kohrs ▲ ● ▼		I'm a Penn State alumni, and the current CEO, she's from the area family and everything, so she talked to some of the business entrepreneurship classes.
matt kohrs ▲ ● ▼		Who do you think their biggest competitor is?
unidentified		Sheetz?
ian crossland ▲ ● ▼		I gotta get creative here.
ian crossland ▲ ● ▼		It's not a gas station.
tim pool ▲ ● ▼		It's the region, so I have no idea.
ian crossland ▲ ● ▼		I don't know.
matt kohrs ▲ ● ▼		It's McDonald's.
ian crossland ▲ ● ▼		Wow.
unidentified		What?
matt kohrs ▲ ● ▼		And like, we all think gas, but you knew it right away that it's not gas.
		All their margins are in food.
		They completely view it to be a competitive service to McDonald's, and that's who they're always focusing on.
tim pool ▲ ● ▼		Gas is a good idea.
tim pool ▲ ● ▼		It's like, if I gotta stop for gas and I'm hungry, it's like, oh, that one's got a gas pump, the other one doesn't.
unidentified		Mm-hmm.
tim pool ▲ ● ▼		I guess there's some places on the road when you're like driving on a road trip You'll see a McDonald's with gas pumps, but it'll be like a.m.
		P.m.
		Gas pumps with a McDonald's attached.
		Yeah, exactly So this is this is big I look at what's going on the stocks and I wonder if it's all still part of the plan You know a bunch of people get these these stimmy checks They throw them in stocks and then everyone rallies and everyone's cheering for it And then I wonder if the big move is to get cryptocurrency new technology new opportunity certainly a lot of people became rich off Dogecoin certainly a lot of people lost a lot of money on Dogecoin because It's a game of hot potato, I guess.
		If you didn't sell your Dogecoin, you didn't lose anything.
		But some people panicked and sold, and they ended up losing everything.
		So I wonder if there's gonna be a big shift, and, you know, with more and more corporations adopting crypto, what is it, I think KFC announced they were doing Dogecoin as well?
unidentified		Yeah.
tim pool ▲ ● ▼		Because it's good marketing.
unidentified		Yeah, there's something about that.
tim pool ▲ ● ▼		And Doge might actually be a good crypto cash.
		It is a low-cost, easy-to-transact coin.
		It takes little energy.
		It doesn't matter if it's inflationary, because you're doing quick transactions with it, you don't store your value in it, you store your value in Bitcoin.
		So it's actually, might actually be pretty good.
		Ian's got this look on his face like, no.
ian crossland ▲ ● ▼		I think it's such trash, dude.
unidentified		Why?
ian crossland ▲ ● ▼		It's such, it's such filamental trash.
		It's like, you can make as much of it as you want, and it has no- Ten thousand per day, I think.
		Hopefully they're going to keep making that much, but there's going to be like, what is it, a trillion, 30 trillion of them or 48 billion of them or something?
tim pool ▲ ● ▼		But think about this.
		You have your money stored, your value stored in Bitcoin, and you're like, I'm going to go to the store today.
		So you pull up your phone, you swipe and say, transfer Bitcoin to Doge.
		And then you scan your thing, boop, and you transfer the Doge.
ian crossland ▲ ● ▼		That's the future of economics.
tim pool ▲ ● ▼		You have some doge for quick cash and most are value stored in Bitcoin.
ian crossland ▲ ● ▼		And like, I think a company should be able to say, if you pay us with doge, we'll give you 10% off.
		If you pay us with Ethereum, we'll give you 7% off if you pass.
		So then it's up to you as a consumer to pick the currency that they want you to use.
		And they probably are holding a bunch of that currency.
		So it increases the value of the currency when you buy it.
tim pool ▲ ● ▼		And I mean, this is a healthy market.
		It's not the first time we've heard a big business adopting crypto.
		But I do think it's big because it's a gas station.
		And there's incentive now for people to have more.
		You know what's really fascinating is I used to do videos on Bitcoin and they would just tank.
		Nobody cared.
		So a few years ago, 2018, I'm like, man, these Bitcoin prices are crazy.
		And it would get like 40% of my average view count.
		It was like really low.
		But if it was an important story I'd cover it anyway.
		I'd say, well, you know, I got to talk about this.
		Now it's like we had big Bitcoin stories and I'm like definitely gotta talk about this in some of my most viewed videos.
		Like the interest is absolutely off the charts for regular people looking into crypto.
		I would love for us to be off fiat and in crypto. 100%.
ian crossland ▲ ● ▼		I'm interested in how we're going to replicate cash, because I like cash.
unidentified		Dogecoin!
ian crossland ▲ ● ▼		Like, will it just be Doge Cash?
tim pool ▲ ● ▼		Yes!
ian crossland ▲ ● ▼		It'll have like a little RFID chip on the bill?
tim pool ▲ ● ▼		No, you have your phone!
ian crossland ▲ ● ▼		But then it's if the power goes out, you're in trouble.
		I want to find the solve for... Well, if there's a solar flare.
		I know, obviously I'm going out of line here.
tim pool ▲ ● ▼		Hold on.
tim pool ▲ ● ▼		Theoretically, you could like enter your passphrase into any terminal and access your Doge account.
ian crossland ▲ ● ▼		I don't want to put a microchip under my skin.
tim pool ▲ ● ▼		No, you don't have to like it's it's that 10 word phrase, right?
		Imagine if you walked up to a kiosk, you never needed a card again.
		You just went, you know, dog, car, elephant, banana ship, and then boop.
ian crossland ▲ ● ▼		There's something about having the in your hand and it's like, this
		is the thing that you want.
		It's not in my mind.
		It's not in some database.
		Yeah, like I can hand it to you and you can hand me the thing.
		Maybe that's going to be considered old school because like you can rob it and like you can't rob an idea necessarily.
tim pool ▲ ● ▼		I think we're seeing the Great Reset, brother.
ian crossland ▲ ● ▼		Oh, that's for sure.
tim pool ▲ ● ▼		Yeah.
tim pool ▲ ● ▼		Are you familiar with the Great Reset?
matt kohrs ▲ ● ▼		Oh, I thought you meant more of like a higher meta level, just like we're hitting some sort.
matt kohrs ▲ ● ▼		What do you mean specifically?
tim pool ▲ ● ▼		So there's the World Economic Forum, the Davos Group.
		They've proposed something called the Great Reset, which they just refer to as a reset of global capitalism.
		So you look at what's going on with the chaos in the stock market, the chaos in the crypto markets, the chaos in the dollar, the mass printing of money, the quantitative easing.
		The economic shutdown.
		Now the meat shortages, the gas shortages, and... What's happening is that... I think the dollar's gonna...
		You know, crap out.
		And I think if you can't buy a burger, the barbecue shop down the street put up a sign saying, we don't sell brisket.
		It's too, it's too expensive.
		So it's not worth it for us.
		I'm like, you can't get brisket at a barbecue shop.
		What are you doing?
		You know, so they do have it now, but it flickered in and out.
		Now we're hearing there's gonna be more meat shortages, chicken shortages.
		If you can't get it, what good is your money?
		Right?
		Gas shortages.
		Can't go driving, there's no gas.
		I'm not gonna go wait in line.
		When those huge lines run out of those gas stations because of the Colonial Pipeline hack, how many people probably said, you know what, I think I'll go for a walk today?
lydia smith ▲ ● ▼		Huh.
tim pool ▲ ● ▼		You know what's really crazy?
		You know what's becoming extremely popular right now?
		Rollerblading.
matt kohrs ▲ ● ▼		Yeah, it's awesome to do that.
tim pool ▲ ● ▼		No, because bars were shut down, restaurants were shut down, and the repeated sentiment
		across the board from people is, I had nothing to do and I was bored, so I went in my closet
		and grabbed my old rollerblades.
		No joke.
		So now it's becoming really popular.
		Rollerblades in the US are like sold out across the board.
		Wow.
		Yeah, this is crazy.
		Yep.
		Roller skating, too.
		Like, women seem to be roller skating for the most part, and men are rollerblading.
		But this is a profound change in human desire.
		All of a sudden, there's videos like 40 and 45-year-old dudes being like, I'm gonna go rollerblade.
		Because they've got something to do, finally.
		But you don't need money for that.
		Then you get some guy who's a Dogecoin millionaire, and what does he do?
		He's like, I don't got anything to do with it!
		So he buys a Lambo, I guess, and then puts the money back in Doge and just sits on it.
matt kohrs ▲ ● ▼		It's interesting to see what people revert to.
		So in 2008, 2009, most stocks did horribly, but tobacco alcohol actually continued to rise.
		In this last run in 2020, Home Depot and Lowe's killed it.
		Everyone's doing DIY projects.
		They're like, I'll do this.
		It's that garage project.
		It's just something to do.
		And their online sales, they destroyed it.
tim pool ▲ ● ▼		And then what happened?
tim pool ▲ ● ▼		Lumber and steel costs are through the roof and now people can't get it.
matt kohrs ▲ ● ▼		Lumber's insane.
		I'm not too familiar with steel.
		Oh, actually, no.
		X is a stock that is the U.S.
		steel or whatever.
		Has it gone down or up?
		Up.
		And didn't lumber just hit a new high?
		It's been ripping.
		I don't know if it's a new all-time high, so that's relating to home costs going up.
tim pool ▲ ● ▼		So look at what's happening.
		What did the climate change people say?
		You gotta stop eating red meat.
		I've heard this since I was a little kid.
		All my vegetarian and vegan friends were like, it's really bad for the environment.
		What does Greta Thunberg say?
unidentified		How dare you?
tim pool ▲ ● ▼		We must get our fossil fuels tomorrow.
		Not 2030, not 2025.
		Tomorrow.
		What gets hacked?
		Oil.
		Meat.
unidentified		Wow.
tim pool ▲ ● ▼		What skyrockets in cost so people can't buy it?
		Lumber.
		Steel.
unidentified		Yep.
tim pool ▲ ● ▼		So what do people do?
unidentified		They go outside and go for walks and they go roller skating.
tim pool ▲ ● ▼		They're doing things that don't cost them money.
		Meanwhile, other people who are, like, buying fake money are millionaires.
		Like, the whole system is out of whack.
		It's a great reset.
		It's people's... We are experiencing, whether it's intentional or not, a reset of global capitalism.
		People are finding more value in going to the park, going for walks, building things and DIY projects, instead of owning stuff and eating food and stuff in their faces.
matt kohrs ▲ ● ▼		Have they commented on what it looks like after that?
		Where does it go from there?
		If it is right, where does it go?
tim pool ▲ ● ▼		By 2030, you will own nothing and you will be happy.
		Yeah.
		They made a video, it went viral, they deleted it.
		Because it generated a ton of controversy.
		People apparently like owning things.
		But Davos group says you will not own anything.
		And I think we're on track with people not owning anything.
ian crossland ▲ ● ▼		It seems like it.
		There's like a 10 point thing of... Do you remember any of the other things of what they said?
		They gave like a bullet list of the things they were expecting to be different.
		If this was... Like I don't think the American government would crash its own economy, but because this is Davos...
		Great, you know, economic foreign things like a global, I don't know, Swedish or something.
unidentified		Okay.
ian crossland ▲ ● ▼		No, Swiss.
lydia smith ▲ ● ▼		Swiss, I think, Davos.
ian crossland ▲ ● ▼		That I imagine they're just like a parasite controlling the Federal Reserve, making it, allowing it to print, print, print, print, print.
ian crossland ▲ ● ▼		Good for business for them anyway, it seems like.
unidentified		Interesting.
tim pool ▲ ● ▼		What is it, 30 visions of a better future?
tim pool ▲ ● ▼		What is it?
ian crossland ▲ ● ▼		The Great Reset.
tim pool ▲ ● ▼		Cutting violent crime in half.
		I can't remember what the article was.
		I think they deleted it.
		That's why.
ian crossland ▲ ● ▼		You will sleep in a pod.
tim pool ▲ ● ▼		Yeah, it was like what the future will be like after the Great Reset.
		There's a bunch of stuff.
		We've got this one from the World Economic Forum saying the 10-year plan.
		I'm not gonna read through it, but they're like respect nature and a bunch of other stuff.
unidentified		I don't know.
unidentified		Climate crisis.
tim pool ▲ ● ▼		To address the climate crisis, defend human rights, embrace circularity, protect the Amazon, and be humankind and regeneration.
lydia smith ▲ ● ▼		What is circularity?
ian crossland ▲ ● ▼		It sounds so legit.
tim pool ▲ ● ▼		I will tell you this right now.
		I genuinely believe that they are correct.
		By 2030, people will own nothing and they'll be happy.
		I think so.
ian crossland ▲ ● ▼		Maybe.
matt kohrs ▲ ● ▼		So what does life look like then?
tim pool ▲ ● ▼		People living in vans, eating bugs.
lydia smith ▲ ● ▼		Renting stuff.
ian crossland ▲ ● ▼		Vans that they're leasing.
tim pool ▲ ● ▼		You know, happiness is fairly relative.
		There are a lot of people who live in countries where they live in vans and eat bugs and they love life.
		There are a lot of people in America who don't like being forced to have their resources dripped away and are unhappy with that.
		So, uh, I can understand it.
		But I don't think it matters.
		I think the system is in chaos.
		Like, you can't have what's going out in the stock market, be it fun, funny, good, or whatever.
		You can't have it.
		It makes no sense for someone to have to go and be a sewer tech Wading through five feet of sewage, and then some other dude is like buying meme stocks and becoming a millionaire.
		That economy makes no sense.
		Economy, like a real market's gonna be like a guy says, hey, I'll clean the sewer in exchange for goods and services you pay for.
		But now you've got people who aren't doing much of anything other than memeing and becoming ultra wealthy.
		Eventually the guy in the sewer is gonna be like, I'm not gonna do this anymore.
		I'm gonna do what he's doing.
		I'm gonna go buy a bunch of stock.
		Or Dogecoin!
		And that's what we're seeing now.
		We're seeing people who aren't working these jobs.
		So there's a shortage of a ton of weird things.
		Like we mentioned chlorine.
		And there's a shortage of raw materials to make things, which means there's going to be way more shortages coming soon.
		I was trying to buy some computers for the studio.
		So we tried buying this one computer two months ago now.
		Can't get it.
		They're like, sorry, you know, the parts aren't available.
		The latest update is, we're hoping within the next week, it will finally be here.
ian crossland ▲ ● ▼		Nice.
tim pool ▲ ● ▼		We'll see.
		But we also need general workstations, so I go online, I go to this, you know, famous store, and I'm like, I'd like to see what you have in stock.
		They had nothing.
unidentified		Wow.
tim pool ▲ ● ▼		They had like, they had a few gaming laptops, I'm sorry, gaming desktops, I bought them, and they're like, not good.
		There's shortages of everything.
		And so what happens is, people see the story where it says, you're gonna own nothing and you'll be happy.
		A lot of people get mad.
		They're like, what are you gonna do, take away our stuff?
		No, what they're gonna do is, they're gonna choke the supply.
		You can't buy the meat, you can't buy the gas, you can't buy the computers, they don't exist.
		Nobody wants to work, so it doesn't exist.
		If the PS5 doesn't exist for a long enough time, people eventually say, I'm done.
		I'm done sitting here trying to buy it.
		How many months has it been since PS5 came out?
		Like seven or eight?
unidentified		Yeah.
tim pool ▲ ● ▼		And I know people who are like, I go on every day trying to get, I can't get it.
		I give up.
		I don't want it anymore.
		So what do they do?
		They go in their closet, they find skateboard, rollerblades, a basketball, and they go and do something else.
lydia smith ▲ ● ▼		Bike, yeah.
tim pool ▲ ● ▼		Something that's gonna keep them occupied.
ian crossland ▲ ● ▼		This makes me think of, like, the lead-up to the Great Depression of the 20s, 1920s.
		1920s.
		People, there was this, like, how do we call it, like, mania about buying stock.
		Because all these people were making massive, and they were buying it on margin.
		Yeah, and they started buying it on margin.
		It, like, leaked to the public that you could get rich in the stock market.
		So everyone, all these people started getting involved.
		They started...
		Put buying stock on collateral, which is margin.
		Like you take a loan out based on something you own, and then you buy the stock without hoping the stock goes up.
		If the stock goes down, they do what's called a margin call.
		You obviously know this, but just if anyone's listening doesn't know.
		And then you're forced to sell the stock at the current value, which is at a loss.
		And then you've got to recover the cost of the loan.
		And when it burst and fell, so many people lost everything because they were in on margin.
tim pool ▲ ● ▼		So maybe we're looking at a Great Depression.
ian crossland ▲ ● ▼		I think we are.
matt kohrs ▲ ● ▼		And then do we get out of it the same way?
		Just another war?
		Get us out of it?
tim pool ▲ ● ▼		Do you know about the Strauss-Howe generational theory?
matt kohrs ▲ ● ▼		No, what's that?
tim pool ▲ ● ▼		So there's something called the fourth turning.
		There's four seasons, right?
		And I'll simplify it.
		80 years ago, what was happening in the world?
matt kohrs ▲ ● ▼		Where does that bring us to?
matt kohrs ▲ ● ▼		The 40s?
tim pool ▲ ● ▼		Yeah.
matt kohrs ▲ ● ▼		The war?
		We just got out of World War II.
		Yeah.
tim pool ▲ ● ▼		What happened 80 years before World War II?
matt kohrs ▲ ● ▼		Was that the 1860s?
unidentified		Another war.
unidentified		Civil War.
tim pool ▲ ● ▼		What happened 80 years before the Civil War?
matt kohrs ▲ ● ▼		Revolutionary War.
		That's right.
		Every 80 years, we're just in some major war.
tim pool ▲ ● ▼		So that's, so there's, there are 20 year cycles.
		And, uh, so there's, there's four turnings per cycle and we are in the fourth turning.
		So independent of that thought, without you knowing about it, you said, is there going to be, how are we going to get out of another war?
		Yeah, dude, maybe.
		Like, if you saw it without us even bringing up Strauss' Generational Theory, maybe people are thinking there's gonna be a war.
		So there's something else here.
		So I'm really glad that was your... I shouldn't say I'm glad, but I find it fascinating that your immediate reaction was, how do we get out of a war?
		Because there's also something we bring up a lot called Thucydides' Trap.
		Which is a reference to when a rising economic power is about to supplant the dominant power, war breaks out and China is set to surpass the U.S.
		by, guess what year?
		2028, which is the final year of the fourth turning.
matt kohrs ▲ ● ▼		That's kind of nuts.
tim pool ▲ ● ▼		It's going to get crazy.
matt kohrs ▲ ● ▼		Well, what's nuts about now especially is just the advancement in technology.
		I think Einstein has a quote about that.
		He's like, I don't know what World War Three will be fought with, but World War Four will be sticks and stones.
tim pool ▲ ● ▼		Yeah, he was wrong.
matt kohrs ▲ ● ▼		Why's that?
tim pool ▲ ● ▼		You know, when people predict the future, they base the future off of their current level of technology, which is unfortunately incorrect.
		And rarely do people predict the future properly.
		You know who did a really, really good job of predicting the future?
		Star Trek The Next Generation.
		Calling the computer's name and asking a question.
		Now the questions they ask are kind of ridiculous, like, you know, calculate this, okay, well, you know, our little friendly Amazon device can't do all that stuff, but you still say its name and tell it to do stuff.
		And tablets.
		Picard would walk around with a tablet and it was touchscreen.
		They didn't have touchscreens like that back then.
		So that was actually a really interesting view that worked.
		But there's this famous photograph of firefighters, like from the late 1800s, 1900s, of firefighters with mechanical wings.
		And they're flying and spraying buildings.
		It's like, it's not going to happen.
		We're not, you know, we're not, we don't, we don't do that.
		So with Einstein, he's, he's looking at atomic technology.
		He's looking at all the stuff and he thinks, wow, Whatever, you know, if we have World War III with this level of weaponry, anything after it's going to be sticks and stones, it'll wipe out the planet.
		What he didn't understand was the expansion of communications technology and how it was going to affect people.
		So now we're in fourth and fifth generational warfare, which is information war and propaganda.
		Controlling financial markets is a huge aspect of fourth and fifth generational warfare.
		If your enemy can't buy the supplies they need to feed their people, you win.
		If you shut down their gas pipelines and they can't fuel their vehicles, you win.
		If you shut down their meat plants and they can't feed their people, you win.
		So now what we're seeing a lot more of is internet manipulation, election interference.
		Like, you know, Russia did try to interfere in the election.
		Not as crazy as most of the Democrats think, but they did, as did China, as did a bunch of other countries.
		They're trying to manipulate things.
		And that's more of what it's going to be.
		It's going to be an info war.
ian crossland ▲ ● ▼		Yeah.
		I don't, I don't know if we'll actually, I don't know.
		I think about this, this, this fourth turning thing and maybe we're about to shatter a mold that's been like, we've been in this repetition state, but because we have the knowledge and we can see the mistakes in the past that, you know, governments have, have used the, these military like, like companies to, to profit and make, we could make industry with graph, like graphene.
		I'm obsessed with graphene for instance.
tim pool ▲ ● ▼		I knew it!
ian crossland ▲ ● ▼		He's got a bottle of graphene.
		I bought you the graphene.
		He's got a bottle of graph I bought you the grant. I don't know if you're familiar with this materials pure craft pure
		pure carbon Tim got me this it's powdered form graphene and it's
		like a mono atomic layer of pure carbon and the use of scale. Let's just we'll slow down. It's an industry. Yeah.
tim pool ▲ ● ▼		To get away from graphene very specifically, the general idea is new technology could change things in a way we don't realize.
ian crossland ▲ ● ▼		In a way that we wouldn't need war for, exactly.
		War doesn't have to be the way that we profit out of a depression.
		It could be technologically through materials.
tim pool ▲ ● ▼		Not materials, it's through information manipulation.
		We don't need to drop bombs when we can just mind control through social media or massive media campaigns.
		It's still war.
		It's still conflict.
		It's still a battle for control.
unidentified		Wow.
tim pool ▲ ● ▼		It's just very different.
		Maybe that's a good thing.
		Maybe now it's arguments on the internet.
		And some are in bad faith.
		Some are out of context and manipulative.
		But it's better than people blowing each other up, I guess.
ian crossland ▲ ● ▼		Oh, for sure.
ian crossland ▲ ● ▼		Although, if an AI tries to put us all in a bunch of pods to harvest our heat, is that better than war?
tim pool ▲ ● ▼		What if you're in the Matrix, bro?
ian crossland ▲ ● ▼		We probably are.
tim pool ▲ ● ▼		Simulation theory.
ian crossland ▲ ● ▼		I mean, we're probably going to go towards something like that.
ian crossland ▲ ● ▼		Would you get in the pod?
tim pool ▲ ● ▼		The Matrix pod, you know?
		Probably not.
		You've seen the Matrix?
		Yeah.
		Would you rather be, you know, like Morpheus, like people should be free, or would you rather be like Cypher and be like, tastes like steak!
matt kohrs ▲ ● ▼		I mean that's a good question.
		Maybe there's... I think people would go for it because you just feel like you're always going for some sense of truth.
		Like you feel like you almost want the answer but I guess I can also be scary because you're used to what you know and it's like maybe I don't want to take that type of a pivot but...
tim pool ▲ ● ▼		That's tough, man.
ian crossland ▲ ● ▼		It is.
tim pool ▲ ● ▼		I wonder how the- Like, in the Matrix, you live a normal life, you get steak at a restaurant, you work a job, life's not perfect, but it's good.
		You leave the pod, now you're like, eyes hurt because you've never used them, you've got a bunch of holes all over your body, and you live in a gigantic underground steel chamber eating, you know, white goo.
		But, you're free.
		So would you rather die on your feet or live on your knees?
		But on your knees they feed you steak, and on your feet you eat sludge.
unidentified		See?
ian crossland ▲ ● ▼		Depends what the sludge is made of.
tim pool ▲ ● ▼		You know what I- You know what- Here's the thing, though.
		I would- I- To be fair, if you actually have watched The Matrix, you're better off leaving The Matrix.
		You know why?
		They can always plug you back in to the fake Matrix, where they could play video games and, like, download kung fu.
		So, like, the worst case scenario is, you're free from the machines, you live a real life, and then, like, you plug yourself into your own private Matrix and, you know, you're a knight warrior shooting fireballs or whatever and fighting dragons.
matt kohrs ▲ ● ▼		I thought some of the people though, who the simulation theory on general, I know I'm like pivoting a little bit here, but math, like I get that's the argument of like you design technology so robust that you can pull that off and like, are we in that?
		But if you have this infinite line of technology that did it and then within the simulation you did it again, blah, blah, blah, blah.
		What is the statistical chance that we're at the end one that hasn't figured it out yet?
tim pool ▲ ● ▼		So, like, you're saying, like, we're in a simulation of a simulation of a simulation of a simulation?
matt kohrs ▲ ● ▼		No, if that was the theory, and, like, we just had this chain of a billion long, what is the statistical chance we're the last one that hasn't figured it out yet?
ian crossland ▲ ● ▼		That's possible.
		I actually think that's more likely, because there's no proof.
		They say if we would eventually get there at the path we're headed, then it already happened.
		But that doesn't make sense, because what if something Stopped it from happening, first of all, that you're not taking into account.
		Just assuming that we will eventually get there doesn't mean that we're already there.
		I don't think we've done it yet.
		I think this is the building process right now.
tim pool ▲ ● ▼		So you think we're in reality prime?
ian crossland ▲ ● ▼		Yeah.
tim pool ▲ ● ▼		I'm not so sure.
ian crossland ▲ ● ▼		Jeez, good.
		What is reality?
		Have you smoked DMT?
tim pool ▲ ● ▼		That's... There's a... Their YouTube video is called, like, Tales from the Trip.
		They're crazy.
		Crazy stories.
		Reality prime.
		I tweeted one.
		Do you know about DMT?
matt kohrs ▲ ● ▼		Yeah.
tim pool ▲ ● ▼		So there was one guy who basically said that he was doing DMT and then he met a purple woman who like knew him and cared about him and he's like, wow.
		And then later he brought his friend over and his friend took DMT and he didn't.
		And his friend told him that there was a purple woman there who said, they're friends of yours.
		And he was like, whoa, I never told anyone about that.
		So there's a lot of stories where this happens.
		I don't know how much I believe it.
		I want to see the scientific research.
		But there are stories about research that was done where people, independent of each other, took DMT and then saw the same thing.
		Or describe the same things.
		It's really weird.
		Maybe it's just, uh, a drug that affects you in a certain way and humans are affected in a certain way.
		That's similar experiences.
		I don't know.
ian crossland ▲ ● ▼		It's similar.
tim pool ▲ ● ▼		Maybe we're, we're in a simulation.
ian crossland ▲ ● ▼		You know, the body flushes DMT when you're in near death experience.
		And we, if you watch like near death experiences, it's very similar to DMT trips.
		Like they, they travel towards a light.
		They feel, they feel lighter.
		They feel, they see the people, they feel excited.
		And then at the end they get sucked back in.
		They feel that.
		And I think that's gravity, like pushing them back.
		You know, just to wrap it into what we're talking about, if this is coming up on another Great Depression, are the people that are getting massively wealthy now...
		Somehow, like, Matrix Warriors.
tim pool ▲ ● ▼		Are they, like, are they... They're using trainers, bro.
tim pool ▲ ● ▼		Someone's got to call a mod in and get these hackers out of here, because this game's not fun anymore.
ian crossland ▲ ● ▼		Like, are they more dangerous to the Matrix, so the Matrix is trying to bribe them to stay in it?
tim pool ▲ ● ▼		No, no, it's like, people are hacking, and so now you've got a bunch of people running around with crazy money, and the people who aren't are like, dude, it's not fair.
		I don't want to play this game anymore.
		Some 19-year-old dude is a Dogecoid millionaire, and I'm working at a factory.
		Not okay.
		So that's why I say, in all seriousness, the economy can't function that way.
		Because eventually someone's going to be like, I quit my job at a factory and I'm going to go trade Dogecoin.
		You know?
		You could day trade cryptos and make a lot of money doing it.
		It's not regulated.
		It's creepy.
		So a lot of people probably would just choose to do that.
ian crossland ▲ ● ▼		Has it been like this the whole time?
		The economy?
		And I just wasn't involved with it?
tim pool ▲ ● ▼		No, I think communication technology made it rapid.
ian crossland ▲ ● ▼		Yes.
tim pool ▲ ● ▼		You mentioned the Great Depression and people were buying stock, but you had to physically buy the stock.
unidentified		You had to be there, tick the tape, call the broker.
matt kohrs ▲ ● ▼		And they're waving the paper in the air.
		Yeah, it's very, very different now, the technology.
		I don't know what I was reading or watching, but sometimes I wonder if we've gotten so advanced that our technology advancement has not also developed with our brain advancement.
		Like, it's exponential in technology, but with us, like, even certain things, I think sometimes with psychology of, like, social media, if they love you or hate you, we're not used to those numbers.
		Like, our unit size, like, we can, we're very good at picturing 20, 30, 40, but when you see a number like a million, we can't picture that, and it's just how we have developed and evolved.
		Like, that's how we got to this point.
		Our brains are very good at small, compact, unit types of things, And now social media has, you're interconnected with borderline 7 billion people.
tim pool ▲ ● ▼		You ever actually see a million dollars in cash?
matt kohrs ▲ ● ▼		No.
tim pool ▲ ● ▼		So people imagine, like the briefcase opens up, and it's filled to the brim, and they're like, it's a million dollars.
		And there was a funny skit, where like, the mob guy comes in, he's like, you got the briefcase, and he opens it, and there's a tiny stack in the middle.
		It's like, what's that?
		He's like, the million dollars.
		And he's like, awesome.
		Or something like that.
		Like, people don't realize that, what is it, 1,000 hundred dollar bills would not be a massive stack of cash.
		A million dollars is not that big.
		People don't get it because they assume it must be infinite.
		It must be huge because a million is beyond our understanding.
matt kohrs ▲ ● ▼		Yeah.
		Our brains are very bad at picturing large numbers.
		Very, very bad.
ian crossland ▲ ● ▼		I think you're so right that our brains haven't developed alongside with technology.
		Because I remember 2003, 2004, 2005, I think the first iPhone came out and I was like, wow, we did it.
		We solved it now.
		We have access to all the information.
		So that means we'll be able to answer all the problems.
		And I just thought that's it.
		We did it.
		2008 or nine is going to be great.
		We figured it out.
		But then did I realize the nefarious nature of.
tim pool ▲ ● ▼		I remember my, my, my old candy bar phone, what internet was like on an old Nokia, you know?
		And then I remember when the iPhone first came out and I was like, Whoa, and it's like, you could like zoom in and out.
		Now it's just normal.
		So it's really funny, there's a comic where, or a joke, someone says, they said, if you could go back in time and tell someone from the past something that would shock them, what would you say?
		And the guy said, I hold in my hand a device that contains a summation of human knowledge.
		I use it to argue with strangers and look at pictures of cats.
		It's like, with all of that power, that's what we did with it.
		Man, humans really are not that...
		Profound yeah, they're not we we like to view ourselves very highly like we're so smart We've ended all invented all of these things and it's like dude It's it's sad to me.
		Not everybody does it some people take the technology and they do great things with it but I think too many people argue with strangers and look at pictures of cats and Does it make it fun that there's a bunch of people like that?
ian crossland ▲ ● ▼		Or is that like a flaw of our genome?
tim pool ▲ ● ▼		It's almost like NPCs, man.
		Non-player characters.
		There are people who are like, they get access to the summation of human knowledge and they use it to level up, increase their stats.
		They're like, strength plus one, agility plus one.
		They're looking up like proper lifting techniques.
		And then you have a lot of people who are like on Twitter and just screaming, doing nothing.
		And it's like, anger plus one, I guess?
		Depression plus ten?
		Some people do literally nothing.
		They wake up.
		They go work a menial job.
		They don't think about it.
		They use the internet for nothing substantive.
		No passion.
		No dreams.
		Not everybody.
		I'm not saying even most people.
		I'm just saying there are a lot of people that are like this.
		They're like just NPCs just, you know, milling about.
ian crossland ▲ ● ▼		I've had days like that.
ian crossland ▲ ● ▼		Sometimes I'll go through fitness, like, someone's not necessarily an NPC or not, but you can go into NPC mode and just train it in, that's for sure.
tim pool ▲ ● ▼		I think, I think people, some people are definitely NPCs.
ian crossland ▲ ● ▼		Just, just, that's their base nature, and they, you need to pull them, you can give them sentience, I know you can.
tim pool ▲ ● ▼		Well, I'm not saying they aren't sentient, I'm just saying, like, I'm not saying they're literally non-player characters in a
		simulation, although you can certainly talk about the philosophical ramifications of simulism.
		But I'm just saying that there's some people that have no passion, no ambition, and they consume
		and they sit around. That's it.
		And they're content to do so.
lydia smith ▲ ● ▼		Most people.
tim pool ▲ ● ▼		Is it most people?
matt kohrs ▲ ● ▼		I just watched a documentary on an author, Jordan Peterson.
ian crossland ▲ ● ▼		Love that guy.
unidentified		Yeah.
matt kohrs ▲ ● ▼		That was like many people who spoke to him.
		That was it.
		Like I just I wasn't doing anything like they had no direction or anything.
		And it was just I guess my sentiment of it was basically like, hey, take on some responsibility.
		Maybe you're going to be a little bit better off.
		Like I haven't really been into that.
		Um, but that was like the main reaction was so many people like that.
		So when you were saying pulling them out of like that MPC mode, it's like do something like take it.
		And it's weird.
		The fact that right now we live in a time where you can like, we say we're bored blows my mind.
		How is that possible?
		Like we have connections to everything that like even 50, a hundred years ago, like those people could have actually been bored.
		They baked all day and then they just sat and you just, you were done for the day.
		Like that was it.
		There's nothing else to do.
tim pool ▲ ● ▼		A couple hundred years ago here in the U.S., people would wake up at the crack of dawn, go farm, go to bed after late night, and then wake up at the crack of dawn, just work all day, go to sleep, work all day, go to sleep, and then the postal rider would come periodically with news.
		They would have to go to town periodically, but, dude, people don't realize.
		You gotta look at history.
		How far apart everything was.
		The American Revolution took 20 years.
		People think it was like an overnight thing.
		Like, the phone call comes in, we're declaring independence!
		And then the king is like, I'll send my troops.
		And he sends them right over and they're there within a few days.
		No, it took months for the war to get back to England and to come back to the States.
		So people, for the most part, their lives, 99% was farming.
		Or whatever job they were doing in the town or whatever, but mostly not political.
		Now, our lives, 99% political and 1% whatever it else we do.
		Whatever else it is we're doing.
ian crossland ▲ ● ▼		Why do you think it is it got so political?
tim pool ▲ ● ▼		Speed of communication.
unidentified		Oh.
tim pool ▲ ● ▼		Yeah, look at, like, there could be a police brutality incident in the United States and then people in, like, Madagascar are protesting.
		And I'm kind of like, why?
		You know, like, why?
		Why is it that people in London were having protests for Black Lives Matter when, like, something happened in the U.S.?
		I'm like, the British cops are very different from the cops here.
		What are you protesting?
		And they just say whatever, you know, Marxist ideology, I guess.
ian crossland ▲ ● ▼		I like that people are getting political, at least desire to be political.
ian crossland ▲ ● ▼		So maybe that's an evolution.
tim pool ▲ ● ▼		There's pros and cons, man.
		A lot of these people who normally just didn't care to be involved, who get involved now, don't understand what they're fighting for and fight for dangerous things.
		So, uh, for instance, all the people marching around doing the red salute.
		It's like commonplace now to see people doing the communist salute.
		It's literally what communist Chinese party members do when they are joining the party and swearing in.
		Now you've got people in the United States marching around in the street by the thousands all doing it.
		And they say, Oh, but it doesn't mean that.
		I'm like, I don't care what you think it means.
		You're doing it.
		So this is what happened when people who don't know what they're doing get involved in politics.
matt kohrs ▲ ● ▼		Yeah, lack of education.
		even like that though, that example, is it another troll thing of just like, for
		whatever reason, like some, I guess more of like dark sense of humor.
		Do you think it's like a lack of education of like, what it truly meant?
tim pool ▲ ● ▼		Yeah.
		Like of education.
		Like imagine if you saw people like regular people, like a bunch of
		millennial, you know, urban people in LA marching around doing the Nazi salute.
		Right now they're doing the red salute.
		It's the fist, you know?
		And they're saying, oh, but you know, it means something else, I guess.
		I'm like, bro, if a bunch of Nazis went around doing the Nazi salute saying it meant something else, I'd be like, shut up, dude.
		And you'd agree.
		Like, so you can't march around doing the red salute, what the communist party of China literally uses when they're swearing in, and then be like, oh, but it means something else.
		Oh, okay, sure.
		So you look at that photo of all the people doing the Nazi salute and the one guy, you know, frumping.
		Yeah, man, like most people are just blindly following along with the authoritarian ideology that's sweeping across the West.
ian crossland ▲ ● ▼		That's a good point.
ian crossland ▲ ● ▼		They could be doing a different salute, like a little bit more creative or a little different than the Chinese Communist Party salute.
tim pool ▲ ● ▼		Well, I mean, it's not even the Chinese Communist Party salute.
		It's the communist salutes, the red salutes.
		It goes back to, like, you know, early, early 1900s Europe during the conflict between the communists and the fascists.
		You know, so they're doing it and they can say whatever they want about it.
		I'm like, I don't care, dude.
		You're doing the red salute.
		That's creepy.
		Like these people, like if you, if you blindly march along with authoritarians who have historically murdered people and then you're like, I didn't know, or it doesn't matter.
		I'm like, okay, that's a problem.
		That's what, that's what happens to people who don't know what they're doing.
		Get involved in politics.
		They throw themselves behind really, really dangerous and bad people.
ian crossland ▲ ● ▼		See, it wasn't that political in 2006.
		I think it's more than just the speed of communication.
		It does feel like, I don't want to beat a dead horse, but that the Global Economic Forum is intentionally dividing the people of the United States.
tim pool ▲ ● ▼		Why is everybody posting ducks in the chat?
matt kohrs ▲ ● ▼		Oh, yeah, that's it.
		That's just a brand thing.
		I was just poking fun at how seriously Wall Street people take themselves, so I always wear a crazy duck shirt.
unidentified		I love it.
matt kohrs ▲ ● ▼		No reason.
matt kohrs ▲ ● ▼		It's just like a duck gang thing.
unidentified		All right, all right.
tim pool ▲ ● ▼		We'll take Super Chats.
		If you have not already, it is imperative that you press the like button to help the show out.
		Smash that like if you really want to help the show, and share the show if you're listening on iTunes, Spotify, or whatever.
		Give us a good review.
		And I also will announce Will of the People, now available on Spotify and iTunes.
		You can tell your friend, the little robot device, to play Will of the People by Tim Cast, and boom, it'll play.
		So that's a cool thing that happened.
		And, uh, don't forget to subscribe to this channel, and let's, uh, let's read what y'all have to say!
		Smash the like button!
		All right!
		Funeralman04 says, first time superchat, AMC has absolutely left me speechless, just like Michael Knoll's new book!
		JK, I admire all of you, take care.
		Yes, uh, uh, Michael Knoll's new book, Speechless.
		All right.
		Tony Bolt says, JBS is a customer of the company I work for.
		We make meat-forming machines.
		Last year, we had a full-blown cyber attack that crippled us for weeks.
		Today, we stopped another attempt in its tracks.
		Whoa.
		Everyone's spamming ducks now, by the way.
		Since I said that, the whole chat is just ducks now.
matt kohrs ▲ ● ▼		It's gone off the rails a couple times.
		When I try to interview people if they're live, I'm like, hey, can I interview you?
		And then the entire group just ducks in like, what is possibly going on?
tim pool ▲ ● ▼		Dude, we got another big shortage.
		Jack O'Neill says, I work for Frito-Lay, and the shortage of supplies to make chips is getting ridiculous.
		Get back to work, y'all lazy SOBs.
		No Frito-Lays?
		What am I going to eat?
lydia smith ▲ ● ▼		What will we do?
tim pool ▲ ● ▼		I don't eat Frito-Lays.
lydia smith ▲ ● ▼		Who eats Fritos?
tim pool ▲ ● ▼		I guess, uh, I guess we have those barbecue chips sometimes.
lydia smith ▲ ● ▼		Oh, yeah, those are good.
lydia smith ▲ ● ▼		That's a treat.
tim pool ▲ ● ▼		All right, C. Hennessey says, Tim, are you gonna need a event caterer- event cater coordinator or coordinator in general for the Friday nights?
		I was a private chef up until the Corona.
		Um, probably not.
		We'll probably need a master of ceremonies of some sort, but we may already have that individual here.
		It's not gonna be like, we're not gonna put out charcuterie or anything for people.
		They're gonna like stand outside the parking lot as someone plays music and everyone like, you know, mingles and gets to hang out with people.
		We're doing Friday night events coming up.
matt kohrs ▲ ● ▼		We might be able to figure something out but not for 30 people.
matt kohrs ▲ ● ▼		So everyone can carpool in a bus maybe?
tim pool ▲ ● ▼		Yeah, and it's gonna be difficult because tickets are limited and there's no parking, so that's the other thing
		like take an uber I guess ride a bike. I don't know we're in the middle of
		nowhere There's nowhere to park so we might be able to figure
		something out, but not for 30 people So everyone can carpool in a bus maybe
unidentified		Maybe and your first one's this Friday. No no no we can't there's
tim pool ▲ ● ▼		There's like business stuff we've taken care of before we're allowed to do it, so.
		Like, we were trying to do it earlier in the year, and we got, we got, you know, stopped by business stuff.
		Regulations, rules.
		Uh, Death's API says, DuckDuckApe, check your P.O.
		box, Matt.
		There you go.
		Alabama Toolbox says inflation is a national security risk.
		The U.S.
		has military bases in countries around the world.
		The U.S.
		Navy controls the world's oceans.
		How is the U.S.
		able to do this?
		The strength of the U.S.
		dollar.
		And, well, also the force behind it.
		Stop using the dollar and we'll, you know, paradrop into your country, you know?
		All right.
		Let's see.
		What do we got here?
		Blank Field says, do you have a yearly subscription option yet?
		We don't.
		I don't know when we will, but I do know we're like two weeks out from the website overhaul, which should shock and scare everybody.
		No, it's going to be excellent.
		We're going to be adding a newsroom, so there's going to be actual articles, aggregation.
		We're going to be bringing out some investigative reporters.
		It's going to be fantastic.
		We got some mini-doc plans.
		I want to, I have a plan to send a Joe Biden voter to all of the places that Joe Biden screwed up.
		So like, I'm talking to my friend who voted for Biden, and I'm like, I will buy you a first class ticket to McAllen, Texas, to go and film the kid sleeping in the dirt.
		And he's like, I'm down.
		I'm like, cool, let's do it.
		Like, you voted for Biden, now you can go talk to people about what's happening.
		And like, if he agrees with it or whatever, I don't know.
		But I think that's honorable that he'll be like, yeah, I'll go check it out for sure.
		You know, stand up for what you what you voted for.
		So that'll be really interesting, like, you know, Biden voter meets Biden policy.
		This is somebody who's not like a die-hard political tribal or anything.
		It's just regular person who was like, I gotta go vote for Biden.
		Now they're gonna go explore and meet people and talk about what those policies have brought.
		I am obviously of the opinion that they've been bad, but maybe, you know, send a crew out to go do their thing.
		They'll come back and be like, it's not all bad.
		We'll see for sure.
		I'm actually fairly confident it is bad, but hey, we'll let them do their thing.
		379 Gromer says, The chicken plant was shut down in Russellville, Alabama for the past two days.
		I'm waiting to load there now.
		Why?
		This is what I was talking about.
		They say like, oh, it was a cyber attack that shut down the chicken, the meat plant, but there already was a shortage.
		So now people are saying, oh yeah, this plant was already shut down for two days.
		Why?
		There was no hack there, was there?
		What's going on?
		Something weird's happening.
ian crossland ▲ ● ▼		It's like a Hardy Boys novel.
tim pool ▲ ● ▼		It's all you Ian, figure it out.
matt kohrs ▲ ● ▼		It's weird.
		Across the board, there's just a lot of things that are more volatile.
		The stock market, the shortages.
		It's one of those things where it's all these puzzle pieces of puzzles that we'll see.
		We'll see how the puzzle fits together.
		Right now, though, we're all a little bit confused.
tim pool ▲ ● ▼		It's like Sudoku, but instead of like one by nine, it's like one by 100,000.
tim pool ▲ ● ▼		There's like no way to map out this massive grid.
ian crossland ▲ ● ▼		It could be the COVID shutdown is now, they just, the media has been totally silent about it, but it's been devastating the supply lines.
tim pool ▲ ● ▼		Did the media tell everybody on D-Day that it happened right when it was happening?
lydia smith ▲ ● ▼		I think so.
tim pool ▲ ● ▼		Like literally when they were storming the beaches, they were like, listen up America, we've stormed the beaches of Normandy!
ian crossland ▲ ● ▼		I don't know.
tim pool ▲ ● ▼		Or was it like a day later or two days later they reported the news?
unidentified		I look it up.
lydia smith ▲ ● ▼		I'm curious.
tim pool ▲ ● ▼		Because I remember we had an office of censorship.
		I have a shirt modeled off of the motto.
		It says silence accelerates victory.
		And they also said loose lips sink ships.
		So if there was a major conflict going on, why would the media be telling us?
		They've never done it before.
		Why would they start now?
		Hey, by the way, guys, there's a war breaking out and just keep working.
lydia smith ▲ ● ▼		Actually, you know what I think?
lydia smith ▲ ● ▼		I think that because Democrats shut everything down and the media is now the PR wing of the Democrat Party, I think they have every incentive not to talk about, like, big problems coming our way because of the shutdown.
unidentified		That's just what I think.
matt kohrs ▲ ● ▼		On the other side of that, though, if they were doing it, wouldn't we see something weird on the background of just everyone, like, all these tech people are being hired by the government?
matt kohrs ▲ ● ▼		Like, wouldn't there be a certain trail of, like, there's a lot of hiring into some sort of defensive military force if that was going on?
tim pool ▲ ● ▼		Yeah.
tim pool ▲ ● ▼		I don't know.
matt kohrs ▲ ● ▼		You'd see just, I don't know, I'm picturing just a bunch of, like, engineers always being hired right out of college.
		They're like, no, work for us.
		Like, we need cyber security.
lydia smith ▲ ● ▼		I don't know.
matt kohrs ▲ ● ▼		Maybe they are doing that.
matt kohrs ▲ ● ▼		Yeah, maybe it is.
ian crossland ▲ ● ▼		Boston Dynamics, I think, does that a lot.
tim pool ▲ ● ▼		All right, Chaos Aeternum.
		Tim, do some research on Cardano.
		Creator is anti-establishment.
		One of Cardano's projects is to turn Africa into a blockchain powerhouse.
		Win-win IMO.
		I have four cryptos.
		I've got Bitcoin, Ethereum, Doge, and Cardano.
		And it's because I think Cardano is similar to Ethereum, and I'm confident in it, personally.
		I'm not giving you advice.
		I'm just telling you what I think.
		And we have an open invitation for the founder of Cardano to come on the show and talk crypto with us.
		So, you know, there's that.
ian crossland ▲ ● ▼		All right.
tim pool ▲ ● ▼		Eric Miller says the chicken shortage could be a result of a cyber attack on Pilgrim's Pride, a chicken processing plant.
		Interesting, but the chicken shortage has been around for a month or two.
		I've been covering it for a minute.
		G.B.
		Daniello says, glad to see you cover this.
		I also cover these topics.
		Please check out my channel.
		I'd be glad to move and help out with your media company.
		I make films and music too, entertainment all my life.
		You know, we've got, there's, there's, uh, we want to move as fast as possible in expanding the company, but there's like regulation stands in the way.
		It makes it very difficult.
		Plus there's good business practices.
		You know, it's not all, it's not all government, but we try.
		All right.
		I'm Brandon says, I'm a chicken hauler and I can vouch that the chicken shortage is true.
		My company dropped a hatchery because the breeders can't keep up with demand.
ian crossland ▲ ● ▼		Wow.
tim pool ▲ ● ▼		Why?
		Are the chickens not having babies?
		What is that?
ian crossland ▲ ● ▼		I don't know.
ian crossland ▲ ● ▼		Not enough chicken food?
tim pool ▲ ● ▼		I don't know.
		Chickens just eat grass and bugs.
		All right.
		John Marafa says, interesting how the left tells us stop using gas or eating meat.
		And now those two industries are targeted by hackers.
unidentified		Hmm.
tim pool ▲ ● ▼		What's next?
ian crossland ▲ ● ▼		Yeah, I don't know.
tim pool ▲ ● ▼		Ruben Pedroza says, Guys, this is not shortage in beef, chicken, produce, or even gas.
		The hacks are in the payment systems.
		The companies would rather shut the world down if they don't get paid.
		Ruben, you are incorrect.
		There is actually a shortage of chicken and beef outside of the cyber attacks.
		Over the past several months, several restaurants have been reporting that they've been struggling to get chicken supplies and oil.
		Because it's not there.
		Because people aren't working.
		And people aren't making things.
		So things aren't there to buy.
		There was, however, two major cyberattacks, Colonial Pipeline and this JBS system, which is not chicken, and that resulted in them shutting down because it was going to affect their computer systems.
		That's separate from the already-existent meat shortages that happened before the cyberattacks.
		DeadbeatGamerz says Snowpiercer was a book-slash-film about two sides of the last humans, rich and poor, surviving Ice Age 2 on a train.
		Spoiler warning, the rich eat only good food, and the poor eat cricket protein bars.
		I don't know about the book, but I can tell you in the film, it's roaches.
		And I can also tell you, in the original take of the film, there's a scene where Chris Evans, he opens this vat that's making these brown bars they eat.
		And you see a bunch of roaches.
		And he's like, oh, and he gets really sick.
		Because in the movie, they were eating roaches.
		The original cut, it was human excrement.
unidentified		Gross.
ian crossland ▲ ● ▼		Oh, brutal.
tim pool ▲ ● ▼		And I guess test audiences really did not like it.
unidentified		No kidding.
tim pool ▲ ● ▼		So they changed it to roaches.
ian crossland ▲ ● ▼		Okay.
tim pool ▲ ● ▼		Because the only food they had was like these bars.
		And I'm kind of like, where do the roaches come from?
		What do the roaches eat?
		The human waste made more sense.
		I don't know how you eat it or process that, but... I don't think I'd have a problem with eating roaches if there was no food left.
		I'd just be like, I will eat what I gotta eat.
		And I will be happy about it.
		You know what it is?
		When you're starving, everything tastes good.
ian crossland ▲ ● ▼		That's for sure.
tim pool ▲ ● ▼		It's true.
tim pool ▲ ● ▼		It's true, man.
ian crossland ▲ ● ▼		It's part of the great thing about having a really clean diet is when you eat a carrot, it's super sweet.
tim pool ▲ ● ▼		Carrots are ridiculously sugary, bro.
ian crossland ▲ ● ▼		So sweet.
tim pool ▲ ● ▼		Yeah.
		You get a good carrot, chop it up, steam it.
		I'll tell you, you know what I tweeted?
		We've done so much trying to make our food taste better and better and better.
		To the point of, like, heavily processing it.
		Dropping every known spice imaginable plus a cup of brown sugar right on top of that piece of chicken.
		Preservatives.
		You know what I had for breakfast today?
		I had two eggs straight from a chicken's butt.
unidentified		Oh!
tim pool ▲ ● ▼		Walked right into Chicken Coop, picked him up, cleaned him off, cracked him open.
		Over easy.
		Man, that is delicious.
ian crossland ▲ ● ▼		Do they taste noticeably different?
tim pool ▲ ● ▼		I don't know.
tim pool ▲ ● ▼		They're just delicious.
lydia smith ▲ ● ▼		They're a different color, for sure.
tim pool ▲ ● ▼		It's just delicious.
		I like having the yolk just a little bit, just over easy.
		And then you cut off the whites and you just eat the yolk.
ian crossland ▲ ● ▼		Oh, you cut off the whites?
tim pool ▲ ● ▼		I eat them, but I eat them second.
		Oh, interesting.
		I like eating the yolks by themselves.
		It is so delicious.
		So you want to eat real food, man?
		We got these really nice steaks.
		That fat from the steaks, it is delicious.
		You don't need anything.
		You don't need this double, triple cheese with fancy sauce, chipotle, splash.
		Every known processed garbage slopped into a deep-fried No, and it's a lot of times those are salt overload if like
		restaurant food is just All you need to do is go outside take a nice cicada
		Don't eat this Don't eat them people are posting people are posting
		carrots in the chat now Yes!
ian crossland ▲ ● ▼		Get juicy.
matt kohrs ▲ ● ▼		Where I grew up, my whole life, my closest neighbor, middle of nowhere PA, we would always get the eggs from them.
		It was a dollar.
		They were fresh eggs.
		So I ate that my entire life.
		I went to college.
		I didn't know it was actually eggs.
		Like I felt stupid because of the color.
		I was like, no, no, no.
		The eggs, like actual eggs are so much more yellow.
		And then two farms down, that's where I got, we got our meat my entire life.
tim pool ▲ ● ▼		They're blue eggs.
matt kohrs ▲ ● ▼		Oh, just like the shells blue.
		Yeah.
		There are like an existence.
unidentified		Yeah.
tim pool ▲ ● ▼		And there's green ones.
matt kohrs ▲ ● ▼		Oh, just like across.
unidentified		Yeah.
matt kohrs ▲ ● ▼		I mean, don't like some Robin stuff, have blue eggs and that.
tim pool ▲ ● ▼		The chickens we have, the guy we bought them from called it a sampler.
		It's like, it's a bunch of different kinds of chickens.
		And so some lay blue eggs, some white, some Brown.
		There's like greenish blue.
ian crossland ▲ ● ▼		Were you saying the chicken yolk is more yellow?
matt kohrs ▲ ● ▼		Yeah, the actual, like, egg when you cook it is, like, way more vibrantly yellow from, like, a fresh egg.
tim pool ▲ ● ▼		Did you know that the beef you eat in the store is cloned beef?
unidentified		What?
tim pool ▲ ● ▼		Yeah, I didn't believe that.
		We had Alex Jones on the show and he was like, you know, people don't realize they're eating cloned beef.
		And I'm like, Alex, that's not true.
		You're making this.
		And he was like, look it up.
unidentified		I'm not.
tim pool ▲ ● ▼		And I was like, all right.
		I looked it up and it was like, you're eating cloned beef.
		And I was like, whoa.
		I didn't know that.
		That's crazy, dude.
		Yeah, we're eating cloned meat.
		They clone the meat.
		That's weird.
ian crossland ▲ ● ▼		And then they just grow, like, the meat patty separate?
tim pool ▲ ● ▼		No, they, like, clone it and just inseminate the cow, I guess.
unidentified		Wow.
tim pool ▲ ● ▼		I guess it's easier than just bringing a bull in or something.
unidentified		Oh.
tim pool ▲ ● ▼		You know it's like the same thing with apples.
		There used to be like a whole bunch of different kinds of apples.
		Now there's like four.
lydia smith ▲ ● ▼		Same with bananas.
tim pool ▲ ● ▼		Yeah.
		There's been a bunch of different kinds.
		Yeah.
		Soon we're gonna have just one vegetable.
		It's gonna be called like food.
		And it's gonna be like a weird starchy semi-sweet red thing in a cube shape that grows perfectly.
unidentified		Mmm.
unidentified		Gross.
tim pool ▲ ● ▼		Yeah.
tim pool ▲ ● ▼		And it's gonna be like the consistency of meat.
ian crossland ▲ ● ▼		It'll be like if you eat it backwards it's salty but if you eat it forward it's sweet.
matt kohrs ▲ ● ▼		I don't know if I'm like really connecting weird dots here, but a lot of people in the community, it's, it's a fickle opinion on Jim Cramer.
		Sometimes he loves AMC and tells the short scale, other times they hate him.
		Um, but just last week people were talking.
		He's like, yeah, AMC is fine and everything, but the next thing to run is beyond meat.
		And now with this conversation, I'm like thinking even more about it.
		He was like really pushing beyond meat.
tim pool ▲ ● ▼		He's not wrong.
		I don't know.
		I don't know if it's beyond meat though, but he's on the right track.
		So they're doing cell culture meets.
		Look, man, we've had these reports come out saying you can't eat beef because it's bad for the environment.
		And you've got big pushes against climate change.
		It is legit bad for the environment to eat beef because you've got to grow the vegetables.
		Well, you get, I think, what do cows eat?
		Alfalfa?
lydia smith ▲ ● ▼		Yes.
tim pool ▲ ● ▼		Hay and grass.
		But it takes a lot of water to produce a full-grown cow and then to harvest the cows, a lot of labor.
		As the media has already said you can just eat the cicadas, right?
		Mm-hmm. So what they're doing is they're trying to find meat alternatives that people would enjoy so they're doing
		beyond burgers Impossible burgers. I definitely think those are gonna be a
		huge run. The problem is they're extremely salty So have you ever had impossible or beyond meat? Mm-hmm.
		They're good. Yeah, I I've
		Too much salt.
		Yeah, same.
		I think Beyond is way better than Impossible, is my opinion.
ian crossland ▲ ● ▼		Yeah, me too.
tim pool ▲ ● ▼		They both have a ton of salt in them.
lydia smith ▲ ● ▼		Too much salt.
tim pool ▲ ● ▼		I would have no problem with them not having salt in them.
ian crossland ▲ ● ▼		Yeah, same.
lydia smith ▲ ● ▼		Why do they get salt in?
tim pool ▲ ● ▼		Because I guess they got to make it taste good.
		The cell cultured stuff I find weird.
		But I also, if it's food, it's food.
ian crossland ▲ ● ▼		I guess whatever.
matt kohrs ▲ ● ▼		I don't know if I've ever had the cell-cultured, but I've had those, and I think they're fine.
tim pool ▲ ● ▼		I don't know if they sell those widespread yet, the cell-cultured burgers.
tim pool ▲ ● ▼		It's actual beef, but it's like grown in a lab into the shape of a burger.
matt kohrs ▲ ● ▼		And with that, it's less, the impact on the environment's less still?
tim pool ▲ ● ▼		Oh, substantially, substantially less.
		Yeah, so I definitely think when you look at these meat shortages, what's gonna happen is you remove enough meat from the market, you drive the price up enough, people will start buying other things.
		They'll be like, I guess I can't buy beef.
		So what do they buy?
		They'll buy whatever they can get.
		They'll start buying other things to replace it if they have no choice.
		If you come out and you're like, we are passing a law that says beef is no longer legal, people would throw pitchforks.
		They'd be running around with pitchforks like javelins.
		And torches and all that stuff.
		But if you're just like, it's a cyber attack, you know, there's like, we don't have any now.
		People will go, man, that's crazy.
		And they'll just eat something else.
ian crossland ▲ ● ▼		Yeah, you can't, you won't be able to legislate this change to the Great Reset.
ian crossland ▲ ● ▼		It's gonna have to be a necessity.
tim pool ▲ ● ▼		So whether it's intentional or not, this is the first path towards removing burgers from our diet.
ian crossland ▲ ● ▼		Dude, I'm so pumped about stem cell meat.
		I'm so pumped.
		You'll be able to order, like, a packet of powder, and then you put it in your machine, and then whatever else, enzymes or whatever, and then after, like, six days, you have all these meat patties or whatever.
tim pool ▲ ● ▼		No, you have, like, five pounds of ground chuck.
ian crossland ▲ ● ▼		Yeah.
tim pool ▲ ● ▼		But there's no fat in it.
unidentified		Excellent.
tim pool ▲ ● ▼		You have to add, like, fat to it or something.
unidentified		Wild.
tim pool ▲ ● ▼		Yeah, so I don't know if it works, though.
tim pool ▲ ● ▼		It's not the same.
unidentified		I don't know.
ian crossland ▲ ● ▼		No brain involved.
		No heartbeat.
		It's just a piece of meat.
tim pool ▲ ● ▼		Will vegans eat it?
ian crossland ▲ ● ▼		I would, yeah.
		Because it doesn't harm the animal.
		If I was vegan, I would eat it.
		Because it's not an animal.
unidentified		It is an animal product.
tim pool ▲ ● ▼		I'm not a vegan.
tim pool ▲ ● ▼		I do eat meat, and if I was, I would eat it.
ian crossland ▲ ● ▼		But it's not an animal.
		You know, it's like an animal product.
		It is an animal product.
		I guess you could say that.
tim pool ▲ ● ▼		All right, let's read some more of these superchats.
		We got Ben Walker.
		He says, Tim, you're significantly more tech literate than the average bear, but many viewers may not be.
		In light of this second attack, would you consider having a cyber security expert on who could help explain different threat actors and their motives?
		Absolutely.
		And I know a whole bunch, so I'll just have to reach out to some of them.
		All right.
		Alex9513 says, Moongang, shout out to Chair.
		You've been making the rounds, Matt.
		Ape together strong.
		And then it's an ape, a duck, and a strong arm.
unidentified		There you go.
ian crossland ▲ ● ▼		Ape ducks.
tim pool ▲ ● ▼		Cgriff142 says, if a civil war would happen, the left and cities don't realize how isolated they would be.
		We could cut off food and fuel supplies pretty easily.
		That is correct.
		All right.
		Holly Wiley says, Tim, I told you about TJE Meat earlier.
		It's much worse.
		Read my tweets to you.
		Holly J. Wiley.
		All right.
		Let me let me let me let me pull this up and see what the what's going on.
		Something else.
		I don't know what TJE Meats is.
		So we'll see what what is what are you tweeting about, Holly?
		You tweeting about something?
ian crossland ▲ ● ▼		Thank you, Holly.
ian crossland ▲ ● ▼		Thanks for getting in touch with us about that.
lydia smith ▲ ● ▼		Super chatty.
tim pool ▲ ● ▼		What is TJE Meat?
tim pool ▲ ● ▼		I see an ad for Dogecoin.
lydia smith ▲ ● ▼		Oh.
ian crossland ▲ ● ▼		Is it possible that it was T-H-E meat?
unidentified		The meat?
tim pool ▲ ● ▼		Oh, is that what it is?
		Is J next to H?
		Oh, it is.
		So it's the meat.
lydia smith ▲ ● ▼		Oh, okay.
tim pool ▲ ● ▼		About the meat earlier.
		Oh, okay.
		So you're saying it's worse.
		I don't see your tweet about the meat.
		We'll have to come back to it.
unidentified		Meat tweet.
tim pool ▲ ● ▼		Meat tweet.
		LibertyOrDeath says, GME and Roaring Kitty changed the world by accident.
		I had never traded stocks until January.
		Because of people like Matt, I spent the last five months learning.
		No going back now.
		You know it.
		The Throne says, hey guys, just wondering what you guys think about the hetero hashgraph or about the central bank
		digital currency.
		There's a year-long research project currently being performed in the US for this.
ian crossland ▲ ● ▼		I haven't heard of the hashgraph, have you?
tim pool ▲ ● ▼		Fedcoin?
ian crossland ▲ ● ▼		Definitely. It's coming.
		UCBC, central bank coin.
		It is likely much higher, as the fine for being caught lying is just the cost of doing business.
		Another crucial factor is utilization, which AMC has been at 99.5 to 100% for six weeks now.
tim pool ▲ ● ▼		Big Rob says short interest is self-reported. It is likely much higher as the fine for being caught lying is just the
		cost of doing business.
		Another crucial factor is utilization which AMC has been at 99.5 to 100% for 6 weeks now.
		Yeah, what does that mean?
matt kohrs ▲ ● ▼		So utilization is the, it's a ratio of just the amount of shares on loan divided by the total amount that could
matt kohrs ▲ ● ▼		theoretically be borrowed at that moment in time.
tim pool ▲ ● ▼		So it's like almost maxed out?
matt kohrs ▲ ● ▼		It's maxed out, but both are dynamic because it's the amount of people who want to loan them out.
		So if someone like BlackRock's like, I do want to loan mine out, sure, I'll take the interest payments, they'll do it, but then they could also take that supply away.
		So really you have to know the short interest, the shares on loan, and the utilization to get the full picture.
		You need all three because they describe a different part of the mathematical equation.
tim pool ▲ ● ▼		Clayton Andrews says, I'm a cattle rancher from Canada.
		Thanks for reporting on the cyber attack.
		Planning on selling lightweight steers this week, but are going to look at markets to see if we should hold.
		Annoys me how AG is society surf class without us knowing society.
		That's true.
unidentified		Yeah.
tim pool ▲ ● ▼		Michael Moyer says, I agree.
		We need to stop using woke descriptions and call a spade a spade.
		BLM no-go zones.
		That's what they are.
		My dad and I made a docuseries explaining what they represent.
		Please watch christianaction.org slash superchat.
		Need help to get it out?
		Free for everyone.
matt kohrs ▲ ● ▼		There you go.
tim pool ▲ ● ▼		Rylo704 says, you guys are familiar with the Green New Deal, and you're honestly thinking that oil and beef were attacked, with no reprisal from the Feds.
		Not to sound like a Q-Nut, but do you believe it's coincidence?
		Maybe?
ian crossland ▲ ● ▼		It's crazy to think that the U.S.
ian crossland ▲ ● ▼		government would attack its own infrastructure to get some sort of political movement across.
tim pool ▲ ● ▼		Gulf of Tonkin.
ian crossland ▲ ● ▼		I know!
ian crossland ▲ ● ▼		So they have done that.
tim pool ▲ ● ▼		No, Gulf of Tonkin was just claimed they were attacked.
ian crossland ▲ ● ▼		They claim they were attacked... When they weren't.
		Right.
		There was no actual... There is Operation Northwoods.
		Northwoods wanted to get us into... Lemnitzer.
		Cuba.
		Isn't that what that was?
tim pool ▲ ● ▼		Wanted to stage false flag attacks.
ian crossland ▲ ● ▼		I heard that the... What's his name?
		FDR knew that we were going to be attacked by Japan leading up, but they didn't know where or when, so they were just kind of like, eh, we need an excuse to get into the war, so... Right.
		Here it comes.
tim pool ▲ ● ▼		Yeah, you know, it would be great to actually talk to a historian who can go into the nitty-gritty details on that stuff.
		But I've definitely heard that.
		You know, FDR was like, well, if it happens, it happens.
		Like, then we'll get in the war, I guess.
ian crossland ▲ ● ▼		And so Pearl Harbor.
ian crossland ▲ ● ▼		Yeah.
tim pool ▲ ● ▼		But it's a question of... I'm not an expert on that stuff.
ian crossland ▲ ● ▼		Yeah, it seems so circuitous to attack our own infrastructure like this just to get a new deal passed.
		That doesn't make sense to me.
		Simple solutions, man.
tim pool ▲ ● ▼		I'm not a fan of conspiracies because they make too many assumptions.
		Like the reality is we were doing weapons deals with...
		Like with countries that Japan was enemies with and so they got mad at us
		And then they were like yo stop doing it and plus we had a base in Hawaii
		Which is the middle Pacific and they were like dude you're encroaching and they're like we're gonna we're gonna
		You know push you back and then we were like guess what we actually got a nuclear bomb and they didn't know about that
		So they thought us is putting pressure on us. We're not gonna tolerate it
		We're gonna go fight and then the US was like, you know, here's a here's a gravity bomb for you. Hold my beer
		Yeah, don't mess around All right, let's see where we got some super jets Christian
		Kristen Lloyd says, you just lost the game.
		Gosh darn it.
		That was a mean thing to do.
		You know, you're mean.
		Rude.
		Heather V says, my town provides 25% of nation's beef.
		Cows are sold at bottom dollar, so there's no reason beef is so expensive.
		The pens are stuffed full, and they've been going the whole time.
		There's no shortage.
unidentified		Weird.
tim pool ▲ ● ▼		I mean, in your town, but there's literally shortages reported across the board.
		And I went, Something's wrong somewhere.
		Something's wrong.
		Barbecue joint has a big sign saying we can't sell beef. It's too expensive. Something's wrong somewhere. Yep. Someone's
		doing something Something is not something is is not right. Something is
		quite wrong. I can feel it. Tanner Larson says keep the good work guys
		What is the endgame with Bitcoin?
		What happens to the debt held by Japan, China, and the public, who hold a majority of our country's bonds, if Bitcoin becomes a standard?
		The dollar implodes, and those holding Bitcoin become wealthy.
		The endgame with Bitcoin is that it will be worth around the equivalent of a million or so dollars, and it'll stabilize between half a million and a million at some point.
		It won't stabilize completely, but it'll stay pretty steady, and then you'll have Bitcoin, which will effectively function like your bank account.
		When you want to store money, you transfer it into Bitcoin, and you just leave it.
		And there's a public ledger, like a bank, and then when you want to spend cash, you'll switch to Doge or something.
		Or Litecoin.
		Or Bitcoin Cash.
		Whatever is easier.
		People will probably accept crypto.
		They'll probably just say crypto.
		They'll be like, we take crypto, and then you'll be like, it doesn't matter what your token is.
		There have been a bunch of attempts at creating rapid transaction.
		Yeah.
		So that if someone says, it's 10 Bitcoin, you can select Doge and then just hit it.
		And then it'll do the equivalent of Doge to Bitcoin if you have it.
		Yeah, a bunch of systems trying to do something like that.
		All right.
		Terry Diffie says, great job, great show.
		Why don't you and shows like yours, Crowder, Shapiro, Rubin, join forces to create a supergroup?
		Couldn't be ignored then.
		Everybody's running their own thing, I guess.
		Cam S says, Neil Tyson on JRE depicts the Great Reset at an hour 32 and 20 seconds.
		Leads into an example of owning a drill and not using it, so we'll have to rent and have shared commodity.
		That's correct.
		You'll need a specific tool and you'll have a subscription service.
		I saw a commercial today for Kitty Poo Club, and I was like, we've jumped the shark.
		First there's like, you know, there's like clubs like Dollar Shave Club, and it's like, when I first saw that I was like, do you really need a brand new razor once a month?
		I guess?
		It's easy, just shows up at your doorstep, so you get your razor and you get your replacement razors and everything.
		I'm like, okay.
unidentified		Wasteful.
tim pool ▲ ● ▼		Then I saw one, I see a bunch of these clubs that like kind of don't make sense, and then I saw Kitty Poo Club, and I'm like, all right, we've done it.
tim pool ▲ ● ▼		That one actually makes sense.
ian crossland ▲ ● ▼		What is it?
tim pool ▲ ● ▼		It's a cardboard box, and it comes with just enough litter to where you put it up, and you fill it up, and then at the end of the week or whatever, a new one arrives and you just toss it.
		It's just cardboard.
		So you don't get wasteful plastics for your plastic poo boxes.
		And you don't gotta worry about digging through cat poop.
		You just throw it in the trash.
		And then you pop open the new box.
		It's amazing, isn't it?
unidentified		It is.
ian crossland ▲ ● ▼		Yeah.
ian crossland ▲ ● ▼		I used to like be kind of I'm from the 90s, you know, so I was from the 70s.
tim pool ▲ ● ▼		Yeah from the 70s.
ian crossland ▲ ● ▼		I was obsessed with owning my own music.
		So I wanted like a Burnham on CDs.
		I had it all on my hard drive and then Spotify and all these like streaming networks came out and I hated the idea that I didn't own it that I was like this great reset thing.
		They want you to not own it, but and I hated it.
		I wanted it because I want to own it.
		Same with video games.
		I don't like that all my games are on Steam.
		I would like to have a hard copy.
		But now, having this Amazon computer be able to be like, play this song, play this song, play this song.
		It's amazing.
		So maybe there is something to it.
tim pool ▲ ● ▼		We don't own movies anymore.
		You don't own your movie on Amazon.
		You bought it.
		You don't own the software on your phone.
ian crossland ▲ ● ▼		You bought the right to view it.
ian crossland ▲ ● ▼		The license to it.
tim pool ▲ ● ▼		All right.
		Clubfoot Billy says, just here to throw out some love for Matt and much love for you too, Tim.
		Keep on keeping on and keep those good vibes going.
		Will do.
		Nova Zero says, Hashgraph is a consensus mechanism.
		It's kind of pointless because it requires that each party on it is authenticated to even participate, which defeats the point.
		Attractive to centralized institutions.
unidentified		Interesting.
tim pool ▲ ● ▼		All right, let's see.
		Sidekick says, Tim, you keep saying unemployment is causing a work shortage in jobs typically held by teenagers.
		They don't get unemployment.
		Maybe they're just lazy.
		They're not typically held by teenagers.
		Maybe they were 20, 30 years ago.
lydia smith ▲ ● ▼		Yeah, it's not the case anymore.
tim pool ▲ ● ▼		Jensen Zeiger says, West Virginia is doing a gun lottery for the vaccine.
		Also, we don't have a Wawa in Texas, but we do have QT and Bucky's.
		What's the other one?
		There's another one that's kind of like Wawa.
		I can't remember the name of it.
		Yeah, West Virginia is doing a gun lottery.
lydia smith ▲ ● ▼		Guns and trucks, right?
tim pool ▲ ● ▼		I don't know how to feel about that.
ian crossland ▲ ● ▼		Guns and trucks.
matt kohrs ▲ ● ▼		So you're awarded it potentially as a lottery if you get a vaccine?
tim pool ▲ ● ▼		Yep.
		You know what I find creepy about it is I'm like, you gotta talk to your doctor about your medical history.
		Because there's a story right now about a band, a punk rock band.
		I shouldn't call them punk rock.
		I should call them, like, establishment rock.
		Establishment rock.
		Called Teenage Bottle Rocket.
		They're super pro-establishment.
		They love government.
		They love massive multinational corporations.
		Super big fans of big pharmaceuticals and all that stuff.
		Just, they love the system.
		Anyway, they're doing a show where it's $1,000 to watch them play.
		But if you're vaccinated, you get a discount.
		It's only $18.
		Well, some woman complained because she went to her doctor and her doctor said, you've had COVID too recently, you can't get the vaccine.
		So now she's not allowed to go to the show because she can't afford it.
		That's screwed up.
		So these guys are like, if you're rich, you don't have to get a vaccine.
		And it's like, that's the, that's a terrible message.
		It should, you should not do that.
		Well, there you go.
		That's why I don't like the idea of like of lottery.
		It's like, no, no, no.
		You go to your doctor and here's, here's what I tell people.
		Talk to your doctor, ask them about your medical history.
		You want to be careful.
		Cause like you go to the CDC website, it'll tell you the list of ingredients.
		It tells you what allergies to be aware of.
		And you ask your doctor about it.
		It's that simple.
		Don't take political opinions from people.
		Your doctors have political opinions too, but you want to make sure you're getting sound medical advice.
		You know, all that stuff.
lydia smith ▲ ● ▼		Hard to come by.
tim pool ▲ ● ▼		Yeah.
unidentified		All right.
tim pool ▲ ● ▼		Bill H says, corn prices are way up.
		Corn is feed to livestock.
		Corn ethanol is used for gas.
		It's a domino effect.
lydia smith ▲ ● ▼		That makes sense.
tim pool ▲ ● ▼		That's right.
lydia smith ▲ ● ▼		We subsidized corn.
tim pool ▲ ● ▼		It is going to keep happening.
unidentified		All right.
tim pool ▲ ● ▼		Let's do a couple more here.
		Jay Smith says, what is Project Dragonfly?
		What is it being used for?
		Who funded the project?
		And who is asking for this?
		Very, very relevant.
unidentified		Interesting.
lydia smith ▲ ● ▼		I'll look it up.
tim pool ▲ ● ▼		Eric Mo says, Kors, you're needed at the office bright and early tomorrow.
tim pool ▲ ● ▼		I don't want to hear you're tired from taking glamour shots all night and then four duck emojis.
lydia smith ▲ ● ▼		There you go.
tim pool ▲ ● ▼		Alright.
		Last, we'll do one more.
		Number 1 underscore 2U says, Have you heard about China threatening nuclear war over probes into the origin of C-19?
		I did not, but that is creepy.
		Wow.
		Certainly hope that's not the case.
		Alright my friends, there's gonna be a bonus segment up at TimCast.com at about 11, but make sure you smash that like button right now!
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		You can follow me personally at TimCast.
		We do the show Monday through Friday at 8 p.m.
		even on holidays like yesterday.
		So we will be back tomorrow.
		Matt, you want to shout out your socials and your channel and all that?
matt kohrs ▲ ● ▼		Yeah, if you want to kind of follow along what's going on stocks, options, crypto, Twitter, Matt underscore Coors, Instagram, Twitch, all that same thing, Matt underscore Coors, and then on YouTube, just Matt Coors.
matt kohrs ▲ ● ▼		Keep it simple.
ian crossland ▲ ● ▼		Nice.
ian crossland ▲ ● ▼		You can follow me at IanCrossland.net and at Ian Crossland along all lines of social media and check out my music on Amazon and Spotify while you're at it.
lydia smith ▲ ● ▼		Very cool.
		And you guys, I really want at least 10,000 likes on this episode.
		We had like 35,000 people tune in to watch, which is really awesome.
		Matt was super popular.
		I feel like we should have at least 10,000 likes, right?
		Right?
		Okay, there we go.
		All right.
		Anyway, you guys can follow me on Twitter at Sour Patch Liz and help me beat Sour Patch Kids in follower count.
tim pool ▲ ● ▼		There's something you can do now.
		You can ask your little robot device, maybe it's from Amazon or Google, to play Will of the People by Timcast, and it will actually play that song.
		And for those that aren't familiar, just search for it on YouTube and check out the music video.
		It's a short film.
		We released it back in November.
		It's critical of everyone in politics.
		Maybe you'll like it if you like rock music.
		I'm working on more, so we'll see how things turn out in the future.
		But I'm really excited because we just finally got it listed on Spotify and iTunes and everything, so you can now You know, get it.
		So thanks for hanging out.
		Go to TimCast.com, become a member.
		The bonus segment will be up some point around 11 usually when it goes up and we'll see you all there.

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