I'm out! | EP. #39 - YouTube

Channel: Salomondrin

[2]
ladies and gentlemen I'm out I [聽__聽]
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quit and when I say it I mean it and
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it's not [聽__聽] it's not clickbait I'm
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out I'm quitting I'm not gonna be the
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CEO of my company anymore I'll tell you
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more about it after we talk a little bit
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about the economy because shit's going
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down people and I could make a video
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with you uh for you about the fed and
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everything that happened with the Fed so
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we saw that the FED came out they raised
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the interest rates by 0.75 percent and
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then the markets kind of took a chill it
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went up it went down but it kind of
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stayed on the same level and today we're
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seeing a little bit more about disaster
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on the markets but what I want to tell
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you guys is this number one let's talk
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about the the the real the real deal
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what's going on right now so we're in a
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recession if you guys are watching
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anybody that's telling you we're not in
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a recession
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immediately stop watching them and go
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like there's so many older guys right
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now that are saying like nailing
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everything step by step step by step and
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the reason why is because they're old
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they've seen it all guys these
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[聽__聽] are good the younger guys
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like we [聽__聽] absolutely suck like
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even Kathy like we suck balls but these
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older guys they've seen it because
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they've been in an inflation crisis
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before they were around for the 80s and
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70s so they know a little bit about [聽__聽]
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and
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it's brilliant listening to them so now
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number one you you gotta understand that
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you have to like know in 2008 and this
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is something that we humans do non-stop
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in 2008 but we were in that recession
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everybody was in denial like there's
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even an incredible 30 Rock episode with
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Jack Donaghey uh Alec Baldwin where he
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makes a reference for it like we're not
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in a recession and he's like 2010. you
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know what I mean like they still were on
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denial about it so right now you gotta
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understand we are in a recession in a
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recession already
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we're already in a stagflation period
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This is a stagflationary period already
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because you're seeing companies results
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that means there's a little bit of
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growth but it's not growth in volume
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it's just growth in sales in in in in in
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the money that they're making that means
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less people are buying more expensive
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items so you're already in the
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stagflation stagflationary period now
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what's next the crisis this is going to
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be a crisis you've got to know in 2008
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boys 2008 we had a housing crisis
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and that was it and that took the rest
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of the markets down that was it in 2022
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we have an international a stubborn debt
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crisis we have a [聽__聽] private and
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public debt crisis we have a supply
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chain issue around the world we have a
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war going on and that's not just the
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Ukraine Russia like do we have a
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worldwide world war is going on right
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now I mean you have to be an idiot to
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[聽__聽] not see it
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what else is collapsing oh there's
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inflation
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uh there's no more growth so there's
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there's many more things and on top of
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that the Fed
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is taking like whatever steps they can
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so they can choke down the economy even
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more so anyone that's on denial right
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now is selling you on [聽__聽] okay it's
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absolutely selling your [聽__聽] or
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maybe not [聽__聽] it's just I'm I don't
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know why but I'm seeing all these
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YouTubers that I I used to watch too
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they're not I don't want to call people
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YouTubers it's somewhat insulting in a
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certain way but these guys talk about
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finances they were so brilliant before
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and now
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all they are is like hopium artists
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that's all they do well you know last
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time we hit these levels we saw like 80
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million dollars right after and that's
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all they do and it's so sad to see that
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because the reality is we're facing
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something that we already saw like if
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you're old like me we saw these in 2008
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and that is just like one small part of
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it so why are we in this situation I
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want to tell you something the fed's not
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even the one bringing the markets down
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it's not uh the European central banks
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this is something we have to understand
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our economy got to the end of the bridge
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and there's nowhere else to go for us to
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keep going we need to change whatever is
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next we got to the end of it it's the
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end of it I promise you and I'll explain
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it to you in a very simple way
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in the 1870s we started the new economic
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cycle that we're in right now people
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look at economic Cycles in different
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ways you can look at people's lives from
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the moment they're born from the moment
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their parents made them from the moment
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their grandparents made him or all the
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way to the beginning of humanity right
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when you're looking at Cycles you can
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make the cycle whatever you want some
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people call an economic cycle like
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between recession growth recession
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that's an economic cycle I'm going to
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call it a full economic cycle the period
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from the 70s 80s when the dollar said no
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more no more gold we're going in our own
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way and they started treating the
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economy the way that they're treating it
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right now funny enough the same people
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that are in charge right now we're in
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charge back then
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go watch the [聽__聽] videos so
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all those guys decide that this is the
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way we're going to go forward with our
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economy what we're going to do is we're
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going to inflate all these assets like
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real estate and then we're going to make
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sure that the the worker has a little
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bit of growth but not as fast as these
[310]
assets so that we can promote wealth
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building so that one of these people has
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to buy one of these assets for it to go
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up in price does that make sense so
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that's basically the base of the economy
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in the United States the problem with
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that
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economy structure is that it ends up
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being what it is right now we end up
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turning into a third world country
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simply because the structure helps for
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very few to grow a lot and for the the
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entire country not to grow so when you
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eliminate your middle class you collapse
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it so now that's the structure that we
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started 70s 80s full Peak like let's go
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we went all the way we made it ups and
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downs and whatnot 2 000 then we got to
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2008 and the economy was already
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struggling a little bit but in 2008 2009
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we made a big change we accelerated our
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money printing considerably we started
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and we accelerated that process quite a
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lot and if you look at charts of money
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printing in the United States they kind
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of look the same as the Bitcoin price
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when it started it went all the way up
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to 69 000 and then he just [聽__聽]
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destroyed itself and the reason why the
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chart looks like that is because we're
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at the at the end of this
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after this peak the only where the only
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place we can go is down okay there's
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nothing else why
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from 2009 2010 that we do QE that we did
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QE
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in 2018 we saw and if you guys look at
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the economy in Europe the economy in
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Europe didn't grow it got to that place
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and he's like oh
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it's been stuck it's not growing it's
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been stuck for a long time there's no
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real growth in Europe and the United
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States got to that point in 2018 and the
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the
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reflection and the proof of that is very
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simple you don't have to go and look at
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all these different numbers and charts
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it's rather simple
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in 2018 the Federal Reserve all they did
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was quantitative Tiding and when they
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did QT
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the market crashed by 40 but I'm Sorry
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by 20 holy [聽__聽] look at me 20 20 the
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market crashed by 20 the FED had to
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revert back their policy and go back to
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QE on top of that
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Donald Trump the president at the time
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gave us tax breaks for all the Corp uh
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all the corporations got a tax break
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what does that do
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if you're already getting these type of
[465]
profits or these type of profits
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which is nothing right you're operating
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on margins kind of like Europe with your
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slow growth because there's no more
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growth when you're operating like this
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and someone gives you an extra 10 of
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nothing you're making 10 more so there
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was growth for that period until 2020.
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in 2020 we had what happened because in
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2020 it's slowed down again like what we
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saw in 2018 to 2020 was slowing down and
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then 2020 was a big shakeup to the
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economy and the way it was and we
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explored growth elsewhere we went and we
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looked at growth in things that people
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were not used to and that's what you saw
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you saw the last burst of growth
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happening in front of our eyes in two
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years and that was people buying
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pelotons and people buying all the [聽__聽]
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that they bought right now go back and
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look at those companies how they're
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doing right now they're not doing well
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so in general we finished all together
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that delicious incredible growth
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and now we're at the end of that so now
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everybody's thinking that the Federal
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Reserve is taking the economy down but I
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told you guys actually not not here in
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in English but in my podcast in Spanish
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I was telling you guys what we saw
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Rodrigo and I with all of our companies
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we have clothing and we have companies
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in different countries right and also we
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are in different Supply chains and also
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uh we also have a lot of friends with a
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lot of companies too so we talk to them
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and we this is what we love doing
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we know from August of last year
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Commerce started to slow down and in
[555]
August and that was not overall like for
[557]
all the major companies but for small
[559]
medium businesses we started to feel it
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in August of last year
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so the fact that the economic slowdown
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started right before the peak of the
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market and before Powell said we're
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going to choke the economies letting you
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know the economy was already heading
[572]
down the reason why the economy just
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doesn't crash all at once is because
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it's not meant to the economy right now
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is an alcoholic that's been drinking
[583]
every day that Jerome Powell is like
[585]
here take your drink take your drink
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every single day and the only thing
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Jerome Powell did to the economy that's
[591]
still living in a mansion that's still
[593]
having a great time that's still eating
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all the food
[596]
hold your own power will did to the
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economy was like I'm not going to give
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you this glass of alcohol anymore
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that's all he did and that alcohol would
[604]
be the printing money right what I'm
[606]
saying is you're not changing anything
[608]
else everything is done the economy
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should act natural in the way it is
[611]
right now but Powell is just saying I'm
[614]
just not going to give you free money
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I'm not going to give you easy money
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that's the only thing I'm going to do
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because that's literally the only thing
[620]
they're doing
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and with that you're seeing the collapse
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that you're seeing
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do you guys understand what I'm saying
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that's
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that's the limit that's where you crash
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against the wall that's where you end
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so that's where we at and for us to
[636]
think that there's going to be growth
[637]
anytime soon it's [聽__聽] ridiculous so
[640]
grow the [聽__聽] up understand what it is
[642]
and stop following [聽__聽] idiots that's
[644]
how you hope you now on to me quitting
[648]
one of the biggest problems in the world
[650]
and I want to talk to you guys about
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quitting my my my my company as CEO
[654]
because this is the first time I've done
[656]
it publicly I had this happen to me
[658]
before where a group of idiots try to
[661]
fire me from being the CEO that was
[662]
making the company awesome and when they
[664]
fired me their company collapsed and
[666]
that was like quite a thing but now I
[667]
have the opposite problem
[669]
I've opened many companies and many
[671]
businesses in front of everyone's eyes
[673]
this is exciting for me but it's also
[674]
sad at the same time but it's really
[675]
exciting because it's a new opportunity
[677]
and new things and it's not like I'm
[678]
doing something new uh something else
[681]
I'm just focusing on my strengths we'll
[683]
see we'll talk about it right now
[684]
so
[686]
one of the hardest things to do is to
[688]
realize that you are the one holding
[690]
back your own team there's nothing
[692]
harder in the world than realizing that
[694]
you're the problem
[695]
and I am the problem in my company right
[697]
now and that's not a bad thing and this
[699]
is something I want you guys to know and
[701]
I want you guys to change your mind
[702]
about because that is not a problem you
[705]
knowing that you are the problem is not
[707]
the problem the problem is when you know
[708]
you when you don't know you are the
[710]
problem or when you know but still don't
[712]
want to do anything about about it now
[715]
how is this
[716]
relevant so I just want to tell you guys
[719]
in case you get to this point or when
[720]
you get to this point in your life or if
[722]
you're working in a group setting
[724]
because this creates a lot of problems
[726]
in a lot of Worlds right so we started
[729]
right when I started doing all my
[730]
companies I realized that I couldn't run
[732]
every single one of these companies
[734]
because it was too much so I was finding
[736]
the right perfect person for each one in
[738]
aileron Rodrigo manages all of the
[740]
[聽__聽] day by day he does everything
[743]
we learned that we [聽__聽] we started it
[746]
we we got from A to Z we did all of the
[749]
legal we got the alcohol we made the
[751]
product we got to distribution we got
[755]
everything done and then at that point
[757]
all right let me focus on marketing let
[759]
me focus on user adoption you focus on
[761]
just making sure that we have all of the
[762]
Jews everywhere we can send it whatever
[764]
done then we have the water company
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let's get it all out we have the water
[769]
it's all made and the [聽__聽] Partners
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In The Water Company are incredible
[773]
incredible so we can focus on what we're
[775]
[聽__聽] great at right
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then I mean we also have clothing
[779]
companies and all this other [聽__聽] and
[781]
then last year I opened an nft Studio
[783]
which is something I really love doing
[785]
and we opened that nft studio we're four
[787]
Collections and between the four
[789]
collections we've sold about 25 million
[792]
dollars in general in general sales so
[795]
growth wise I've never had a business
[797]
that has done that much money just in
[799]
general in a year so this is really fun
[801]
this is something I'm I'm excited about
[803]
also it's a space that I love I
[805]
understand I already did the web too I
[807]
understand web3 and I understand where
[808]
the holes are and what people need to do
[810]
Etc
[811]
but we opened these nft Studios it's
[812]
like three influencer Partners if you
[814]
want to call us that work creators
[815]
really and the three of us we opened
[817]
this studio and then we partner up with
[819]
different projects so if you want to
[820]
look at it like this is we have a main
[822]
company and then we have little
[823]
companies right so the main company is
[825]
the studio and then the little companies
[826]
would be each project or each movie
[828]
which is the Sharks the demons the days
[831]
the nuts whatever
[832]
so
[834]
um each one of these has like their own
[836]
CEO and whatnot but my problem is we've
[839]
been building building over the last
[841]
year because we have objectives our
[842]
objectives is we want to get a million
[844]
users because if you get a million users
[845]
in a technology company you're going to
[846]
kill it right and then on top of that we
[848]
also want to build a few things to
[850]
generate that user adoption what are
[852]
going to be those things and then we can
[853]
Market
[854]
so while we were building all of that
[856]
and we got into it I I got so busy in it
[859]
that it finally became a problem for me
[861]
because I can't I can't do this I
[864]
literally had a business partner in my
[866]
movie making career that dealt with
[868]
talking to people I can't talk to people
[871]
I need to be doing what I do and what
[873]
I'm greatest at instead of just solving
[876]
[聽__聽] dumbass problems and just
[877]
guiding dumbass [聽__聽] things and like
[880]
telling people something that's so
[881]
obvious like we can hire people that can
[883]
do those things
[885]
my job is best used let me get a meeting
[887]
with a meeting with those people let me
[889]
[聽__聽] pitch those guys let me get a a
[891]
tax incentive [聽__聽] approved in here
[893]
this and that
[894]
so we did all of that [聽__聽]
[897]
and that worked really great so I'm
[899]
going back it's not like I'm going back
[901]
I'm doing that model in the same way
[903]
here I realized that I was just [聽__聽]
[906]
holding back the company because I can't
[908]
have all these calls with people I have
[909]
calls with people guys and it's it's
[911]
awesome that people know you but it's
[913]
awful because I'm trying to get [聽__聽]
[915]
done and I Know It excites people that
[916]
they want to talk to me so they give me
[918]
better deals in some things right so I'm
[919]
like [聽__聽] yeah let's go I get on a phone
[921]
call and two hours go by of my time
[923]
because the other person is also excited
[924]
and I like what they're [聽__聽] talking
[925]
about and we just [聽__聽] shoot the [聽__聽]
[927]
for two hours time wasted I didn't get
[929]
anything done then I have to travel
[930]
because we have aileron we have the
[932]
water people thing we have all these
[934]
different [聽__聽] projects
[936]
uh now we have the uh we're opening a
[939]
fund Rodriguez and I are doing uh fun
[941]
together which is awesome we're
[943]
investing in companies from our
[944]
subscribers and our viewers and uh what
[946]
not so that's another thing that I'm
[948]
doing right so we're doing all of these
[950]
different things I want to make sure
[951]
that I have time for it because when I
[953]
travel for something and I'm going for
[954]
five days then who keeps chasing people
[956]
to get [聽__聽] done
[958]
and that's where you have to realize you
[960]
are now the obstacle you are now not
[963]
getting done as fast as everybody else
[965]
so what type of person do you hire and
[967]
this is the problem
[969]
the reason why this is a problem is
[970]
because it's ego driven most people when
[973]
they want to hire a CEO when they listen
[975]
to the word CEO they [聽__聽] get like oh
[978]
is that power is that human nature that
[981]
makes you a piece of [聽__聽] the worst
[983]
human beings I've ever met in my life
[984]
and I mean this with all of the love
[987]
from my heart to all of you guys that
[989]
I've met that are pieces of [聽__聽] all of
[991]
you told me that you were a piece of
[993]
[聽__聽] because you cared about being a CEO
[995]
and the title mattered so much to you
[997]
and it's on Kenny 10 out of 10. every
[1001]
single person that needs to be the CEO
[1003]
and have that in their office and in
[1004]
their business card and like just shows
[1006]
it that person has a tremendous ego
[1010]
problem that they need to deal with and
[1012]
they're not very good at whatever they
[1013]
do they don't they never are for some
[1015]
reason I don't understand because I
[1017]
actually understand because it's about
[1018]
them personally rather than the thing
[1020]
and you'll never be able to contribute
[1023]
to something when you're trying to
[1025]
contribute to your own ego and your own
[1027]
self so anyone that shows you and he's
[1029]
[聽__聽] obsessed with the CEO on the
[1032]
[聽__聽] cereal
[1034]
run run run run run run for the hills so
[1038]
number one I tried not to get those
[1039]
people
[1040]
but why I'm telling you this is because
[1042]
this this is a big conflict there's a
[1045]
lot of alpha males if you will incredore
[1047]
right like it's all guys we're all
[1049]
[聽__聽] they're all young
[1051]
I love that I was gonna [聽__聽] include
[1054]
myself in that group they're all young
[1056]
they're cool they're hip they're [聽__聽]
[1058]
interesting they know their [聽__聽] they
[1060]
know technology they've been into space
[1062]
they like art like they're branding
[1064]
people they're awesome
[1066]
so bringing someone in could [聽__聽] [聽__聽]
[1068]
up right like that happens all the time
[1071]
I'll give you an example because if you
[1072]
guys are watching me a lot of you guys
[1074]
understand this
[1076]
um when we were in the cup gang thing
[1079]
like we were doing The Cup gang [聽__聽]
[1081]
which was a company I brought farshad
[1083]
and Buddy into my channel into my
[1085]
channel not the company into my channel
[1087]
the help sell more products of the
[1089]
company because we were making Vlogs uh
[1092]
forget it would put on the hat buddy we
[1094]
would go around we had like the
[1096]
salamanders uh the the cup gang merge we
[1098]
would take pictures and that was to help
[1100]
cup gang but the moment I brought those
[1102]
guys the other dudes not not the rich
[1105]
guys like the other dudes got so [聽__聽]
[1109]
insecure and thought that I was changing
[1112]
them for someone else and that I was not
[1114]
gonna be around for them anymore and
[1116]
their egos just [聽__聽] make him go
[1119]
crazy to the point where they were like
[1120]
dude
[1121]
we need to substitute the one person
[1124]
that manages and does all of these
[1126]
things because we want to tie you up and
[1130]
bring you down with us because we don't
[1132]
want you to grow and that that was the
[1133]
problem that was a big problem and by
[1135]
the way that's not the only time I faced
[1137]
that problem it happens all the time as
[1139]
we get into new businesses other people
[1141]
from the old school go like what about
[1143]
me I've been sitting in this chair for
[1145]
so long well [聽__聽] you've never
[1147]
contributed beyond that
[1149]
so know your [聽__聽] place
[1152]
so coming from that experience is
[1155]
nerve-wracking but at the same time
[1157]
I've also done this so many times now
[1159]
where I found a new way of not a new way
[1162]
but I found like a secure way of doing
[1164]
these things where there's not a lot to
[1166]
lose and there's so much more to gain
[1168]
because number one again no one's going
[1170]
to be holding back the company's time
[1172]
right like that's not going to happen
[1173]
anymore two they're going to be able to
[1175]
talk to more people because this person
[1177]
speaks Spanish and English perfectly
[1178]
he's an American that speaks speaks
[1180]
perfect Spanish he's a young guy like
[1182]
the other guys he's a sweet [聽__聽] guy
[1184]
with no ego which is [聽__聽] rare and
[1187]
incredible and he's someone that is also
[1190]
not only in the industry but he's
[1192]
someone that can see ahead he's someone
[1194]
that gives ideas he's someone that
[1195]
without me asking like goes like hey
[1197]
dude have you ever tried this have you
[1198]
ever tried that
[1200]
and I understand how intelligent this
[1202]
person is so I was like you know what
[1204]
this is this is what I'm here for is
[1207]
there anything
[1208]
I can do so that this person can get
[1211]
into something that they want to grow
[1212]
because everything is about growing you
[1214]
can do the same thing you're going to
[1215]
get [聽__聽] bored after five years like
[1217]
I'm so tired of doing the same thing all
[1219]
the time this is why I'm doing new
[1221]
things all the time and everybody
[1221]
complains on the chat because I get
[1224]
bored I need challenges I'm not those
[1226]
people I get [聽__聽] complacent just
[1228]
with the money coming in and I'm doing
[1229]
it I'm killing it and I'm doing the same
[1230]
thing over and over again because
[1232]
eventually I'm just the car guy
[1234]
eventually I'm just a phone guy
[1236]
eventually I'm just a [聽__聽] economics
[1239]
guy eventually I'm just the alcohol guy
[1242]
but at some point they're all going to
[1243]
be like well that's a lot of [聽__聽]
[1244]
hats to wear son and that goes away
[1247]
right
[1249]
so I want everybody to experience that I
[1252]
want everybody to have that growth to be
[1254]
able to jump into so many different
[1255]
things and experience it and I believe
[1258]
that this person has that potential and
[1260]
that we can get to this place with this
[1263]
person and maybe he'll and also by the
[1266]
way it's both ways I need this person to
[1268]
love what he's doing I need this person
[1269]
to be in love with the way that we work
[1272]
I need them to [聽__聽] love the vision
[1274]
of everything which he does
[1275]
and we need to execute properly because
[1277]
if he doesn't execute properly then I'm
[1279]
sorry dude like [聽__聽] we can't do this
[1281]
[聽__聽]
[1282]
but while all of that is that weight is
[1284]
on his back at the same time he knows I
[1287]
got you we're gonna do this together
[1288]
we're gonna grow it together I'm gonna
[1290]
explain to you everything you needed
[1291]
first let's go no problem and the way
[1295]
that I'm safeguarding everything
[1297]
is like this
[1299]
this person's coming in to do what I do
[1301]
right now and suggest new things we have
[1303]
a trial for three months see how it goes
[1306]
how it feels and whatnot I want this
[1308]
person to hire people from within our
[1311]
community to do the same thing that I'm
[1314]
doing with him so that this person can
[1316]
start bringing these people up and
[1318]
that's what we want to do start bringing
[1320]
these people up with us because we have
[1322]
all these [聽__聽] companies that are
[1323]
[聽__聽] killing it because again
[1326]
I'm old I didn't invest in an alcohol
[1329]
company just because I love it I do but
[1332]
also it's Recession Proof also I didn't
[1335]
invest in a water company because I love
[1337]
water I do that's all I drink every
[1339]
[聽__聽] day and especially alkaline
[1341]
water especially water people cheers
[1343]
but I did it because I know the water is
[1346]
now [聽__聽] in the stock exchange
[1349]
I know there's a Water Crisis around the
[1351]
world not because there's not enough
[1352]
water but because politicians are not
[1354]
building all of the infrastructure that
[1356]
that water needs for the new cities to
[1358]
[聽__聽] support that
[1361]
so I built we've built all of this [聽__聽]
[1364]
with a tremendous future ahead of us
[1368]
we're seeing it specifically right now
[1371]
that this [聽__聽] [聽__聽] worked
[1374]
and we want all of this to be fed by
[1378]
people we know by people that bring
[1381]
value to the table by people that we
[1383]
trust and by people that we love seeing
[1386]
winning
[1387]
that's what we want and if you're not
[1390]
going to be a team player you're going
[1391]
to put your [聽__聽] ego in front of you
[1392]
and you're just going to be a [聽__聽]
[1393]
pain in the ass next [聽__聽] we
[1396]
don't care because we're here to do
[1398]
awesome [聽__聽] with awesome people finding
[1400]
an awesome Community to feed itself and
[1403]
this [聽__聽] that's coming in now
[1404]
is a new CEO
[1406]
is bringing all that [聽__聽] big thick
[1408]
energy to the table and it just [聽__聽]
[1411]
everything beautifully we're just gonna
[1413]
push forward it's gonna be so [聽__聽]
[1417]
epic and now I can focus on what I'm
[1420]
good at relationships branding
[1423]
communication marketing user adoption
[1426]
and smell great I can do all those
[1428]
things amazingly
[1431]
and that's why I'm quitting
[1433]
that's why I'm quitting a CEO of my own
[1435]
company because it's time because it's
[1438]
the right thing to do because we need
[1440]
other people to come in and take
[1442]
challenges on and show us that they can
[1444]
grow and because all all of our old
[1447]
asses can go into something new
[1449]
something challenging something sexy and
[1452]
something that we can push even further
[1454]
the right way
[1455]
and this is how we keep evolving and we
[1457]
keep doing this thing it's [聽__聽]
[1459]
awesome
[1461]
so
[1462]
it feels good it feels good
[1469]
do I think it's a good time to open a
[1472]
liquor store business I think it'll be
[1473]
very soon by the way so just want to say
[1475]
I think there's going to be a very good
[1477]
opportunity for opening businesses next
[1479]
year like towards the end of next year
[1480]
because everything should be in the
[1482]
toilet at that point
[1485]
and normally
[1486]
normally whenever you do a service
[1489]
uh for people and you can do it and you
[1492]
can get the place at the cheapest and
[1493]
all that stuff you're going to be
[1495]
winning so that's what I recommend
[1506]
either way I just wanted to say thank
[1507]
you very much for your time guys let's
[1509]
[聽__聽] go let's go let's go let's go
[1511]
and all these exciting things remember
[1513]
some people might still think some
[1516]
things are negative but they're very
[1517]
positive and just know look at the world
[1520]
in the right way
[1521]
you getting in the way of your own
[1523]
progress it's something that 99 of us do
[1526]
don't be that idiot don't be like
[1528]
everyone else be