Hi everyone, Joe for jaspyscasebreaks.com coming at you with 2021 tops gypsy queen baseball five box Random team break number four one spot gets you two teams in this break all card chip A lot of great stuff in this gypsy queen. I really like this big. Thanks everybody here Let's double your names up. Oh double up. Oh, oh like Sir mix a lot Let's get all the teams right there, too. Well roll it randomize it one and a five six times for names and teams one two three four five and six We got Juan down to Steve After six one and a five six times for the teams one two three four Five and sixth and final time After six we got the halos Otani pitching tonight and Down to the Detroit Tigers All right, Juan with the Angels Bennett with the Metropolitan's Michael with the Rockies Allen with the rays Nathan You got my Dodgers Bennett with the Nats Harry with the Orioles and the Phillies Bennett with the rays and reds and the Jays Juan with the Padres Harry with the Rangers Michael with the Diamondbacks Bennett with the Cubs Louie with the Pirate Bennett with the Cardinals Steve with the White Sox Adam with your last-bought Mojo stars next to your name Royals and A's Chris with the Marlins Allen with the Brewers Chris with the Braves Bennett with the Yankees Nathan with the Astros Bennett with the Indians Paul with the Giants Louie with the twins Paul with the Ems Harry with the Bo socks and Steve Stefanik with the Detroit Tigers Let's sort alphabetically by team And we're going to pause the video when we come back We're gonna see if there's any trades then we'll have the break stick around All right. Welcome back folks. No deals were done on a Wednesday the fourth break for Thanks everyone for knocking this out. Thanks everybody for getting in on the action all five boxes right here perfect Ballinger on the box Here's the box topper So here's something interesting the Dodgers picked up Jesse told me this morning Cole Hamels got picked up by the Dodgers He had the he's thirty six thirty seven already Cole Hamels recently held had a widely attended showcase for clubs Looks like the Dodgers Dodgers wanted him He's gonna Cole Hamels gonna head to the spring training complex first to build up some arm string And it looks like he's gonna get a million dollars base salary and we'll take home 200k bonus for every start mate Not a bad deal Think last year he was with the Braves the season was wiped out by a series of triceps and shoulder issues But then it looks like he has shoulders a hundred percent did the little showcase little audition Looks like he's good to go Which is pretty interesting because I think that that speaks to That speaks to maybe Clayton Kershaw's injury is a little more serious or at least taking longer to heal Then then the Dodgers organization initially thought so we'll see how that Cole Hamels feel works out I wouldn't be surprised. I was telling Jesse this early. I wouldn't be surprised if Kershaw They just kind of held on just just said hey, don't worry about it. Don't worry about August You know spend the rest of the month To kind of heal relax rehab Can you spend a bit of September to rebuild some arm strength a little bit? And then use like Kershaw out of the pen or something like that. I could see that often happening If he's willing to do it Dodger's offense needs to shape up a little bit, too It's kind of a rough loss last night to the Astros Get back tonight Yeah, I mean could could Cole Hamels be the next crafty lefty It's like Jamie Moyer. There's you on Moncada. It's possible Why talks every good team they got Luis Robert back soon. They're gonna get I think they already have Eloy him and his back We'll see what happens there. There's jazz Chisholm pretty solid year for him That's for the Marlins Chris Miller Ramon Laureano mini Trey Turner make make his Dodger debut later this week And our first autograph is Andy young Chipsy Queen autograph for Michael P. And the Diamondbacks What are we looking here for your two on-card autographs per box says? All card ship a lot of fun inserts here a lot of fun cards Enjoy the design of Gypsy Queen there's a no-name Variation a lot of variations here, too And I also think actually should be looking at the backs of these cards, too. They're the There's bazooka backs as well. All right, no bazooka backs there. All right Alan I would like yellow to go with your bat barrel. Sure try to find one of those Yeah, they don't have did they have minis before I think though. I thought they were always these These sort of tall boy cards Forget if they had minis from before it's Ginter definitely has the minis Yeah, so when you get these cards There's Joey Vado because all cars shipped to 150 it'd be worth Kind of going through these cards again looking up a variation list make sure I didn't miss anything Tyler Stevenson Bennett with the Reds There's Joey Vado for the Reds Bennett Also with the Joey Vado it's Clevenger to 250 Bazooka back there my Clevenger going to the Padres that'll be for Juan 250 it's a Joe Adele rookie card just got called up recently he's been raking in the minors Could finish the season strong the major league season strong. There's Luis Areas with the no-name front up here And that was box number one the box topper three chrome cards All right first one is Bryce Harper Next is Glaber Torres Glaber day for the Yankees Bryce Harper going to the Phillies Harry Glaber Torres going to the Yankees Bennett and there's Mookie Betts Nice color match Nathan Miller with the Dodgers 98 out of 99. All right. That was box one Box two of five. This is random team break number four box hoppers here. All right. Good luck everybody. What's happening in? On the scoreboard today Some games already in the books In Oakland the A's beat the podgers 5-4 and extra innings Pirates at Brewers Brewers 1 4 2 raise at Marin or Mariners at raise Raise 4 3 winners in Cincinnati Reds beat the twin 6 5 Those are your finals for the day games in progress Met jumped out to early three-nothing lead on the Marlins in Miami Red Sox up 1-0 on the Tigers in the second Blue Jays up 4-0 in Toronto back in Toronto 4-0 against the tribe Orioles jumped out to a 2-0 lead in the third in the Bronx and the Phillies and Nats in the nation's capital tied at three top of the third and I think the Angels game is about to start there in Texas this is a Otani day Otani starting today, so it's Watch little angels pregame Start that game starting about 10 minutes still be in the middle of the break when that game starts and for my Dodgers Astros at Dodgers in a in a couple hours from now Max Scherzer making his first start the 2022 baseball schedule is out ladies and gentlemen All right. Good luck ladies and gentlemen. Let's see what we got and remember all card ship and just always double-check Your cards for possible barriers. There's keeper Ruiz part of the big deal that that sent Max Scherzer and Trey Turner out to LA We got Marco Gonzalez to $1.99 for the Ems It's gonna go to Paul K in the Mariners In our first autograph Is for the Reds Not number, but that's Jose Garcia That'll be for Bennett and the Red Legs You know what? I don't know if I'm gonna have any futures plays on the EPL I should though that season is coming up fairly fairly shortly Not very good at futures plays and have to wait too long But I'm sure I'll start looking at some picks from week to week I find some value there All right, we got for the Giants Tommy Lestella Sort of a sepia look here. That's 94 out of 99 for the Giants That's gonna be for Paul K and my rivals And we've got a black and white Dallas Keichel two out of 50 Yeah, I feel like Man City has to be the favorites What what additions have they made this season? I feel like they lost Sergio Aguero, I think Who did they they must have added somebody or one? They're probably in the process of adding somebody I guess There may be some value in maybe man United With the addition of Jaden Sancho Could be some value in Liverpool as well Because now with a healthy Liverpool team Especially in that defense, you know some some second-year players That have adjusted to the English Premier League Could be big. Oh There's a bazooka back right there The could be big for Liverpool, even though they haven't made too many splashy moves in the summer transfer window Nice, that's nice bazooka back right here for the Astros. That's gonna go to Nathan. There's our autograph Brian Hayes Pirates, that's a rookie card for Louis All right, the autograph is for the Red Sox. That's Jonathan Arraous Arraous For Boston, that's gonna be for Harry and the Red Sox I went back to soccer really quick though The tough thing about the Liverpool manager Jurgen Klopp is that for players who are not used to his training regimen And there's the the fitness requirements and the pace at which he plays could be difficult for a lot of players Oh, I forgot about these So usually the players that were that were that joined the team for the first time the first year. They generally struggle Guys like Diago Jota right didn't really struggle at injury issues But still takes a while for them to for new players to get used to that system There's Strasburg when their second year's is when they usually when they usually flourish There's Matt Chapman and Boba Shet 139 out of 150 blue for the Blue Jays Bennett. Oh Jack Realish probably Harry Kane for Man City. I don't know if if Levy lets Harry Kane go even There's a little camp holdout happening there With Harry Kane Allegedly, there was some sort of gentleman's agreement between the ownership and Harry Kane. They're like, yeah, we'll We know your want you want bigger and better things in your career Play for Champions Leagues and whatnot Work out a fair transfer for you. And then I think now they're walking that back They're like, we never said that next chickpea queen a box Yeah, I yeah for Tottenham fans for sure, I think it'd be rough to see Harry Kane leave Tottenham, but I mean I Don't blame the player Especially With Spurs for a little while, I don't I don't blame him for thinking. Hey, I'm a pretty prolific striker I'm one of the top players in the game you know Can't blame a player for having that kind of ambition I mean, how long has Harry Kane been on been on Spurs probably for a while at this point Yeah, Spurs having a hard time getting to getting to qualify for Europa League Yeah, I think he's been with with Tottenham Since 2004 right as a part of their youth team from 2004 which would Which would probably mean since he was like 11 years old. Yeah, so he's been with the club so You can argue that he's been You can argue that he's served his club for a long time and sort of it sort of feels more like a Sort of feels more like KG kind of leaving the Timberwolves Though his Wikipedia page says senior career Manchester City 2021 to 2028 252 appearances and 214 goals Some city fans feeling optimistic That hasn't that move hasn't happened just yet fortunately, they were resigned to Signed resigned to oh re-signed Son to an extension hyphens are important when we're talking about Talking about sports. I thought you meant that they were resigned to Get son on an extension. Now they wanted to resign son to an extension Yeah, the big cabinet now over there Over there filled with other boxes Yeah All right next box. Oh, we've got a Yankees autograph Clark Schmidt That's for Bennett and the Yankees Just looking for those bazooka backs. We've got Raphael Devers to 199 And that'll go to Harry and the Red Sox As far as asking for over 120 million pounds doesn't surprise me I wouldn't make if I was ownership I wouldn't make it easy For a club like Man City to get one of the best strikers in the game got Austin Meadows to 250 Series That's right mad fast surgeon does angels baseball now He does a select amount of games while he's not doing ESPN. So there's Christian Pache no name Right here for the Braves nice variation for Chris Miller and the bravos, you know what we haven't seen it variation wise Maybe I missed one, but usually there's a there's one with like the The Gypsy Queen logo on there not not the GQ letters I haven't seen one of those yet. Those usually kind of pop right out of you Yeah, I saw that Anthony Rendon gone for the season for the angels I wouldn't be surprised if they just If they just shut down Mike trout too or at least not I mean There's no really no real need to rush him back and just put focus on Ohtani try to get him an MVP And there's Luis Camposano On-card autograph Padres on card auto for Juan and the friars All right the box topper and two more boxes to go you got Oh Angel edition of Albert Pujols the show he Ohtani is gonna be doing some of that and some hitting today and there's Clayton Kershaw 17 out of 150 Got some left forearm soreness. That's always a scary thing to hear Hopefully he's slowly making his way back. All right two boxes to go This one's a little fatter right here. What's happening here anything different happening here? No, maybe not good luck next box Yep, Mark Gubaza is the color commentator Eric Jennings. So it's Matt Basker. I think Matt Basker Just signed this year With the angels to be their play-by-play man And then Mark Gubaza has been doing color for the angels for a little while now I think three hits three RBI a stolen base for Joe Adele in his season debut dust off your Joe Adele cards And he's been raking in the minor leagues who had a little weird year last year In the shortened season never really got himself into gear but a nice offseason a I think he had a decent spring training and just really Blossom in the minor leagues and now he's back up So he's hiding and pitching tonight. So it will be the second batter up behind David Fletcher And then we'll see him hitting in the bottom of the frame against the Rangers They're in Dallas today. Rough year for Colby Allard Rough year for Colby Allard Two and nine record five two three era Yeah, I remember Gubaza as a royal I don't remember his Philly days To me vaguely and we got a Raphael Marchand on card autograph Speaking of the Phillies Harry with the fight in Phills Your buddy's wife is related to Joe Madden. How so? Tell Joe Madden to uh, oh Gubaza's from the Philly area tell Joe Madden to come and visit the shop and the offseason. It's probably busy now It's Mitch Moreland to 1.99 Any bazooka backs It's her uncle or something And we've got Nick Nidard rookie you can see the Marlins Font is different. So it's like a different font variation For the Marlins, that's gonna be for Chris Chris Miller with that. Hey Oliver. I was going no Tani strikes out All right, Jared Walsh black and white 46 out of 50 for the Angels Juan Chavez with that one, I think Walsh might be up to bat now Walsh has been having a great season. He's been hitting the ball out of the park With some regularity No, no, maybe maybe he's not hitting. Oh, he's on the I L. That's right He has been hitting well Have I had any Jackie or Clemente variations? No, not yet. I'm not that I've noticed Cabrine Hayes rookie card for Louie and the Pirates This guy Max Scherzer making his debut start with the Dodgers tonight and we got Brent Rooker Is your second autograph of the box? Louie with the Minnesota Twins There's the Mets no name right here. Carlos Carrasco. I think Is is making a start tonight? Carrasco was starting tonight Yeah, Carrasco is starting tonight. It's only if just a few innings in but just one hit a few strikeouts not bad a bazooka back so that is uh I think Albert abray you Albert abray you for the Yankees It's the bazooka bat variation Which I think are think are really fun. That's for the Yankees Bennett with the Bronx bombers your box topper Got a nice Ryan Mount castle. He's been hitting the ball real well for the O's Harry with the Orioles It's Joey Bart Former number one overall pick for the Giants That's going to be for Paul and we got another nice player here is 6-0 Sanchez for the Marlins chris miller All right final box gypsy queen coming up Good luck everybody Good luck. Yeah, love love the gypsy queen. Gypsy queen is always fun. I see you Thanks, Jesse. Let's go Ohtani.  I don't know how I don't know if you have Ohtani in your fantasy baseball leagues I think most leagues want us he splits Ohtani, right? Like you can draft him I don't know well the way our league does it he is one player But he has to be in either a hitting spot or a pitching spot So I can't get any hitting stats from Ohtani today Just pitching stats and I can move him back into the hitting spot I feel like I've seen some people some leagues draft him as two into two players So one player would be Ohtani Hitter only and one player would be Ohtani pitcher only. I've seen that I think most leagues must have it where you can he's just one person but you can put him in any spot a hitter spot or a Pitching spot. He also has outfield eligibility for most leagues. I would think right. Yeah kind of like a flex for Ohtani, but as if I guess if you had individual defense players on a fantasy football team You'd be able to move them from defense to offense And we'll do the box topper at the end. Good luck everybody final box Alec Baum is our first on-card auto first of two Harry with the Phillies 79 out of 99 And our second on-card autograph. Well, that's it Sam Huff Well, let's see if we can find some low numbered stuff in the rest of the box first two autographs are out That'll be for the Rangers That's gonna be Harry with Texas. Maybe we'll find some fun variations here. No bazooka backs here Ryan Mount Castle rookie card Spencer Howard To 150 I think he got traded For somebody Someone will remind me who he got traded for Wow, there you go EA. No worries, man. Thanks for getting in as always. I appreciate it See we didn't have to get too far for the big hits. It worked out Yeah, Rizzo had another home run Is he gonna be the greatest Yankee ever? Yeah, babe. Who are our Rizzo rookie card skyrocketing Wait till tops does a uh tops update Anthony Rizzo Yankees edition. I mean that might go for a pretty penny yo The nationals Yeah I'm actually let's make sure we're not bidding on the same one. Oh, no, you're you're doing a bite now What is that divided by four? I can't math Sean jasper Yeah, that's about that sounds about right I think individual cards are going for I think at the national we're going for like 30 bucks a pop People were selling for 30 bucks, but then that price started creeping up um But yeah, I think individually they're going for a lot more So I actually have two of the four. I'm bidding on a set And I'm just going to sell the other to to get a little money back And then I'll have the set And then I'll have to find whatever the fifth card is going to be And get that too. There's Brad Keller for the woes. Yes, indeed EA max shares or mad max making a start tonight No kershaw No bower no dust in may So hopefully max shares or can fill that fill that hole in the rotation for the Dodgers So he'll start what time is it right now on the west coast? It's almost 5 30 In about an hour and 20 minutes. He'll be Making us for a start. All right, we've got the no-name front anthony rindone for the angels out for the season I'm sure sure he'll bounce back And we got a hasu sanchez. We've got a third autograph out of here a bonus auto For chris miller and the marlins Nice Sean. It's a pretty nice set I think some people are trying to sell it for like two It seems a little high Anywhere from like 120 to 160 I feel like is Is pretty good for that set And that's that ladies and gentlemen, let's see what's in the box topper. Thanks for watching This was a random team break number four 2021 tops gypsy queen baseball a lot of fun stuff here big. Thanks everybody who got in we got alex bomb Rookie for the fillies We've got another rookie here kasey myse for the tigers. That's for steven steve staphonic And last but not least we've got blue often meadows for the rays. That's for alan murdoch And that is to 150. There you go ladies and gentlemen. I'm joe for jasmiescasebreaks.com. Thanks for watching Thanks for breaking with us and I'll see you next time for the next break. Bye. Bye


My other cat's? Charles? It's happening right now. Mom's Barney! What? Yeah, definitely. Come here. It's okay. I love you! Okay. It's the first time I'm watching Marlene's Owl experience and Crow experience and I'm only seven minutes in and it's 30 minutes long. I've already seen her hold a crow and I just recently saw her hold an owl and I'm pretty darn sure that's not the same owl in the picture that she posted. So I'm also pretty sure there's going to be more owls and I'm pretty dumbfounded right now. I'm so glad I have a ticket to Ireland and Joey can't come and I could care less at this point because this means I'm gonna see owls. There's no way I'm gonna be there for three weeks and not see these friggin' animals.


So I'm going to move to a very different question about migration here. What we want to do This is a joint paper with with a lot of people But basically what we want to do is to understand the impact of a program that regularized migrants And we want to understand what was the impact of that that program on their lives That's basically what we want to do and we all know that Economic migration and especially forced migration economic migration is quite persistent and forced migration is on the rise And it's becoming really an important economic issue, but mostly a political issue So we want to understand how to better integrate migrants into the societies into the destination countries where they arrive And when we see what's happening with force-wise displacement What we see is that there is really a huge increase in in forced displacement in forced migration It has been driven by three countries mostly Before Colombia was there but only with internal displacement and what we see is that it has a Increased significantly it has more than double during the last two decades We have had three recent crisis the Ukrainian one Which is which is ongoing at the moment about six million people that have been forced to migrate from Ukrainian to European countries we have the Syrian crisis and we have the Venezuelan crisis, which is really large with respect to the to these hemisphere And one of the main questions is how do we address the arrival of force migrants in the destination countries? And one of the main questions specifically is whether migrants are allowed to work whether when they arrive to their destination countries Whether they are allowed to work and this is a hugely difficult political issue Because some people basically some politicians this say that we should not allow migrants to work Countries should not allow force migrants to work because they are going to compete with locals And they are going to decrease the conditions labor outcomes for locals However migrants always have to work and they have to generate income So in many cases oftentimes migrants to work and basically what they do is that they compete with the vulnerable populations in the destination countries So what we want to understand is what happens in a country where migrants are allowed to work and are Provided rights very similar to the citizens of the country where in which they arrive There is already some literature Nation literature on how to support refugees most of this literature Focuses on humanitarian assistance focuses on cash transfers. What is the impact of providing cash transfers to force migrants? Shelter programs and there is some some new work on mental health problems But there is little evidence on how to integrate migrants into society such that they can be self-reliant Such that they can generate their own income and integrate into the society Something that is very important for you to bear in mind is that migrants force migrants seldom return to their to their origin Constries most stay in the country where they arrive. It's about like 3% when you look at the statistics So what we do in this paper as I say is that we want to understand whether Providing an amnesty to migrants a regularization program to migrants helps them become more self-reliant This is basically what we do and Basically, what we do is that we look at a very large amnesty program that was implemented here in Colombia in 2018 and it was an amnesty that provided the legal right to work in any sector And it provided access to social services and it provided free mobility to migrants within the countries You may think that this is obvious But in many countries this is not the case for refugees and we identify it in many dimensions We identify it for well-being consumption labor income We identify it for health status and we identify. What is the impact on other? outcomes a labor outcomes There is some evidence already on this topic But most of the literature is undeveloped countries and what is the impact of this amnesty program on labor markets for the Natives so what is the effect for the local population to provide the legal right to work to irregular migrants There is also some literature showing what is the impact on local crime rates something similar to what Marike was presenting and there are two papers that Estimate also the effect of these amnesty programs on Native workers on developing countries one for Jordan and another one for Colombia one that we did with Daniela Jara and Sandra Rosso What is the contribution of our paper the first contribution is that really we are studying this in a developing country Where labor markets are a have high informality rates So migrants can work regardless of what is the regulation in the country and this is actually what happens We are also looking at comprehensive life outcomes We are not just focusing on labor markets But we are trying to understand other effects and something that is very important is that we are taking advantage of this program That was implemented here in Colombia It was large but most importantly for the empirical strategy for identifying in the causal effects is that The program was sudden and it was nobody knew about it So there are no anticipation effects here, which is very important for identifying the effect a Fourth thing about this program is that there was no eligibility criteria So for example in Jordan there was a similar program But migrants could only work in sectors where your dyneans were not working so much No, so here they can work wherever they want and Then we provide you a little bit with the context of this program is called permiso especial the permanencia and It's mostly and only for Venezuelan migrants So as many of you know Venezuela has gone through a very difficult crisis economic political and social crisis During the last decade and this has prompted the migration of a large number of Venezuelans At the moment is about five million. This is the largest Outlaw of migrants in this hemisphere during the last 50 years So it's quite large and what has been very different from other types of migrations is that it has been to The region to many countries in the regions mostly to Colombia because it's the first country where they can arrive So migration costs are much lower So right now we have in Colombia about one point seven and two million Venezuelan migrants Most of these migrants and at that moment were irregular migrants. They were either They were irregular either because they illegally cross the frontier, which is not difficult really and Because they over or because they overstate their visa How did the program work and this is very important for the empirical strategy and for the identification strategy In 2018 we had that I say about 1.7 million Venezuelan migrants and the government of Colombia Decided to do a census of irregular migrants. The purpose of the census was not to regularize them The purpose of the census was to collect information on their characteristics and to understand where they were located and what were their needs So they arrived and they started to do the census in April and they did it through June 8th Starting and it was quite difficult because they had to identify where the migrants were located. They were irregular They had a lot of fears of being Sensists and so here you have an important thing is that there is some selection there No, because migrants were fearful of registering because maybe they could be deported However, the census registered about 400,000 households 64 and then what is very important for the program in august to the Colombian government decided to Provide regularization to all the migrants that were sent in the census. This was a surprise. Nobody knew So the president of Colombia says that all the people that were in the in the ramp Could were eligible for regularization and the regularization process was quite easy They just could had to go online and provide some information and they were given a number Saying that they were regularized about 64 percent of them regularized and basically what we're doing is that we are a Leveraging these surprise factor a at least to control for anticipation effects What did the program included it was a program for two years a Legal migratory status as I say work permit whatever they wanted to work Provided that they were overwork of course, but they could work in any sector in any city of the country And they had access to health education and childcare services and to government transfers during COVID that was very important And it was like an ID so they could a registering private services very importantly. They could Had a bank account and they could use financial products The government of Colombia in 2001 did a more a bigger one And they were regularized all the migrants that are here in Colombia right now This means regularizing about two million people for ten years. No, but we are just concentrating on this one How do we design the study? This is important when we arrive to do the study The program as I say was a surprise. So we did not have a baseline We were not able to collect information on how were the migrants before the migrant the program started So that's a big challenge that we have We did a survey Actually right now. It's a panel survey. We have two ways of the survey today I'm just going to concentrate on the first wave of the survey and the main challenge was to find a Control group of irregular migrants to be able to compare it with the treatment group For the eligible migrants we had access to the RAM sensors. We have Contact information for all the migrants who were able to get a random sample of all the RAM migrants And then apply the survey to those RAM migrants and for the control group We asked referrals from the RAM people and also Databases from refugee organizations. We had a list and again. We did a random sample of that and we applied the survey very importantly We were careful to have migrants that were Had arrived in the same time period Because we didn't want to have a time effects there So that all the migrants that we have are from January 17th till 2008 December 2018 So we did before doing the survey we inquired when they had arrived Because you were not registering RAM. That's the only reasons where you were and that may happen And that's very important Raquel because that may happen because you arrived there after the RAM was closed Or because you basically did not register and that's important and we are going to exploit those two things We did a survey collection in all these cities. We have this the survey is representative of big cities and small cities When we were going to do the survey for COVID it started so we had to do it by phone It was quite a challenge, but we were able to do the survey about two thousand and twenty-two hundred families 50-50 between a Ram and non-RAM is Between regularized and non-regularized one or Ram and non-RAM because we have intention to treat as well We did also qualitative surveys because we really wanted to understand the process through which they decided to register in RAM and The process through which they decided to a Register to become eligible because that's an important Self-selection that we have there and so the survey contains a lot of questions about The previous conditions before all that happens so that such that we could control for that so that's important What is the empirical strategy? What we're doing is That we are basically exploiting the time the timeline So what we're going to do is our regression discontinuity design where we are going to compare migrants just right before a run closed and Right after run closed. No, so the the big the main difference is that these migrants arrived after Rambas closed so they could not register in run. Basically, that's the difference that we are going to exploit We also do intention to treat because we have a sample of households that register in RAM But never register aspect but here I'm just going to present you their results for the Empirical for their regression discontinuity. This is the timeline I already talked a little bit about the timeline So this is the regression discontinuity that we do. It's a fuzzy RDD and what we do is as I say exploit this date when the RAM closes So all that people that arrived after run closed They were not able to register because run was already closed so they could not basically register Apply to the pet program and the ones that arrived before they could okay So we're going to compare these these two This is again exactly the same and here I'm just showing you the validity of the local continuity assumption and we see that we have We have some problems with just one variable But so far we see that there is a local continuity here Let me show you the results and what we find Which we really like it is that the effect of the program is quite sizable, especially for well-being Let me show you They increases in we have an index for well-being an index for access to state services and to private services as well for health outcomes And for other labor outcomes. So what we find is that the effect is really large for Consumption for well-being they have a huge increase in consumption about 48 percent We have an increase in labor income about 22 percent and more employment Something that is very important is that access to state services really increased No, so here in Colombia for for low-income people to be able to get access to state services They have to register first is in Cisben, which is a mean targeted test And what we find is that that increases by 56 percentage points Therefore they have access to subsidized health care, which is about one third percentage points at 26 percentage points Sorry, they have access to transfer programs. And when we look at COVID for example, they were better able to cope with COVID But I'm not showing you this here We have an increase in health outcomes, but mostly in physical health outcomes We don't see an effect on mental health and what is very interesting is that the increase in labor income It's not necessarily because they were more formal formalization increased But we have a problem with the estimate. It's quite noisy. It's it's very imprecise So what we do know is that some the labor conditions improve regardless of whether they were formal or informal We believe that they are bargaining power increase. No I'm not going to go show you the detail results, but this is basically what we find No, we find more consumption more labor income. The effect of consumption is really large employment We have an important effect on self-reported health status and access to state services and Financial products and when we look at the at the second wave, this is increasing this continues to increase Something again that it's important is that you see here We don't see an effect on formal jobs But as I say that the coefficient is quite imprecise because the number of observations that we have for the regression discontinuity is not large We do a lot of robustness tests I'm not going to go into that but the results hold when we do intention to treat instead of that We find the very very similar results and also as I said we did a qualitative Survey so I just end with these two testimonies The first one is one of the testimonies that we think is explaining the largest the the large effect on Income and unemployment labor income and what we think is that these migrants were being exploited when they are Irregular there are exploited. They don't have any bargaining power at all when they stop being irregular They have much more by bargaining power in the labor market So even though they are not formal their wages increase another important thing That we are exploring at the moment is that they feel much more integrated into society And they feel much more integrated into society not only because they trust more for example Colombia but most mostly because they they trust more to to approach government institutions For example police and report more crimes and we're finding something with that So again, I'm not going to repeat what we find and what we believe it's important is that first when we Look at what happened with the local labor markets We don't find any effect of pep on formal labor markets We do it for the locals in another paper with money behind and Sandra and what we believe it's important about this This program is that when you provide Refugees of forced migrants with way to integrate into society They can become self-reliant Instead of just doing humanitarian programs which is mostly the policies that are used to address the needs of Forced migrants and I end here. Thank you very much


Welcome back to Investor Intel at PDAC 2018. I'm joined today by Kirill Klip. Kirill is the executive chair of TNR Gold. Now, the name confused me, Kirill, because to be honest with you, as much as I like gold, I love what you're trying to do. Can you tell me what TNR is up to? Thank you very much, Jeff, for having me today. We are building on the base of TNR Gold, the Green Energy Metals Royalty Company. Our roots go far back. The company is more than 20 years old and I joined it 10 years ago. One of our most exciting projects in gold now will be in Alaska, Shotgun Gold, right close in proximity of Donlin Gold. Now, as we know, Alaska is heating up if I may to use it for the mining again. But my real dream is to build the Green Energy Metals Royalty Company. And I still remember the days when I was buying Royal Gold, if you remember, of course, and I was lucky enough to buy it below $5 and then, of course, I was very happy to sell it over $70. I would like to do the same, but now in the space of so-called energy metals. Okay, so what energy metals excite you? Energy metals excite me because I really think that we are at the very beginning of the mega trend and very famous now in our steel small circles. Morgan Stanley report, which almost half the valuation of all lithium mining companies just telling me we are at the very, very beginning of this mega trend because, you know, at the moment we just crossed 1% in sales of general so-called internal combustion engines, so-called ICE cars being taken over by electric cars, but now they are closing in too. And as we discussed just recently in my interview about international lithium, I am really in this game because I believe that all cars will be electric much sooner than a lot of people anticipating. And it means that we will have to produce, moving from today's level of just 217 thousand tons of lithium carbonite as a market in total in sales to 1 million tons annually and it's not my focus, but by UBS and then I will put you my focus. We have to produce in total 12 million tons of lithium by 2030, just to have 200 million electric cars worldwide and then up to 36 million tons. So you're not agreeing with JP on their analysis of it? No, I'm not agreeing with them because they are still trying to think how our industry could be saved. And I can tell you after Tesla earthquake for our industry, all the industry cannot be saved. And as soon as authorities, as soon as all these business people who are leaders in this industry will realize it and will really commit to so-called switch, I call it switch. For example, you must be driving a car, I'm driving a car, you know. The demand is already there. If I can have the beautiful electric car for which I will pay as for my mobile phone, cheaper than for this ugly, polluting normal car, I will always pick up the new one. This is why I call switch when literally millions of people will be switching from one technology to another. So what energy metals do you like other than lithium? It's a very good question, Jeff. Of course, Tina Gold is quite famous again in our small circle because we're holding a royalty on entire Los Azulos copper deposit with McEwen mining. And legendary Europe McEwen is developing it now in Argentina and as you know, Argentina is moving positively and positively back into the business community in the world. And why copper? You can ask me. Of course, with lithium, more or less the story is told already, but with copper, I will tell you just a few numbers. Copper association expects that demand particularly for electric cars for copper will rise ninefold just in the next 10 years because if you can imagine, just in one electric car, we have up to six miles of copper wire. And of course, you know, normal car uses just 55 pounds of copper. Electric car uses 165, three times more, multiplied by those millions of electric cars coming up and you will have incredible amount of demand in copper which will be put on top of all solar industry and other development renewable energy. I love the argument that copper is an energy metal. It makes sense, but that's great. Yeah, Jeff, now famous red metal is going green. Well, you know what? Thank you very much, Carol. I really appreciate the update. We'll look forward to having you back on soon. Thank you, Jeff. It was my pleasure. Thank you.


Jerry, of the circus! It's been with the circus, isn't it? Yeah, and I can't say that I like it much. It's too hard, deep and clean. I had to keep wiping the mud off Rags' paws right up to the minute he went into the ring with trumps. Yeah, it is kind of messy. But if you'll notice, Jerry, everyone looks pretty clean when they go into the big top to do their act. Stilts and rain capes are the trick, all right. I know what those rain capes are, but what are stilts, Cassie? Well, the stilts are what we call these stilts. Funny-looking little shoes. Oh, I thought they were wooden shoes. They are, really, like the Japanese wear. We call them stilts, because they keep us up high and dry above the mud when we have to walk across the line. Collie, that was close. Too close. I'm afraid this is going to turn into a bad storm. Good thing the show's almost over. The cure is raining hard now. The backyard will be a lake if this keeps up. Oh, sir! What a night! Well, Rags, how was it? You didn't get your paws all muddy this time. Did you wear stilts, too? I guess Bums was his stilts. How about a Bums? I carried my partner over from the wagon. He couldn't have walked across that mud. He either had to swim. Oh, thanks, Bums. Oh, not at all. I'm just as interested in that dog as you are, Jerry. Well, he's my partner, and I have to keep him looking nice, you know. Whoa! You're great, Patsy. Well, I guess I'm not afraid, but I don't like that lightning. I think I'll run for it. I'm going to get my things packed and hurry over to the train. Yeah, might just as well. This rain doesn't show any signs of letting up. Well, if I go, see you on the train. Goodbye, Patsy. Rags, come here. You can't go out on all that mud. You stay right here now.  I guess he'd kind of like to follow Patsy and see if she gets over to a wagon safe. Oh, so that's it, huh? It's a good thing we're pulling out of here tonight. Grounds will be pretty wet for a show tomorrow. I don't envy the men who load this circus tonight. Maybe it'll be raining in the next town, too. Well, that's a chance we take, Jerry. Why doesn't Mr. Randall cut the show short?  Well, that's something that's never done, Jerry. The people in there have paid their money to see the complete show, and that's what they'll get if they want to stay and watch it. They'll sure get caught in the rain when they get out, and wait until they see all that mud around a lot. Oh, they'll see it all right, Jerry, but they won't get into it. That's another thing Mr. Randall always takes care of. What do you mean, Bob? Well, ever since the rain started and it looked like a bad storm, the stakers had been laying boards from the main entrance to the cement sidewalk. Well, there'd be a regular wooden sidewalk for the folks to walk on when the show's over. Carly, Mr. Randall thinks of everything, doesn't he? They're pretty near. He does everything he can to make his customers comfortable.  Here, come on, Rags. Let's get your red Rubinol. I'm sure he's anxious to work, isn't he, Bob? I bet he is. He's a real trooper. There you are, Rags. And now that's a boy. You wait right here in the padroom, Jerry.  Okay, Bumps. Now, do a good show tonight, right? The center pole. The lightning bucket. Yes, sir. Right up at the top, but it's hanging there all right. It's a good thing Patsy finished her act before this happened. Hey, just look at that trapeze of hers hanging by one rope. Key Bumps, the audience is getting scared. Yeah, but don't you get frightened now. We'll get them calm. Come on, come on, Rags. Stay right where you are, Jerry. Safe day. You see that, Jerry? That ringmaster sure knows his business. Carly, he sure got him quiet, now, hurry. Yeah, we'll have him laughing in the hurry, too. Come on, Rags. Gee, circus life is sure wonderful. Come on, Rags. Here's Claire's tent. Here, boy. Hello, Clara. Hello, Jerry. Hello. And Rags. Hello, Jerry. There we are. Nice day, isn't it? Certainly better than you'd expect after last night in that other town. My goodness, I'll say it is a mighty welcome. Yes, nobody around the circus lot likes a rainstorm like we had. It sure makes a lot of extra work, doesn't it? Mercy me, it sure does. I've been pressing costumes ever since breakfast. Seems like everybody got wet. Oh, say, Clara, I wanted to ask you something. I mean, I want to tell you about my plan. What is it, Jerry? Well, I got an idea, and I think it'll work. I'm pretty sure we can catch a thief that's been stealing your things. Fine, Jerry. Tell me about it. Well, I'm going to ask Jack Hastings, a publicity man, to fix up a camera by your workbench here, so it'll take a picture of whoever's doing the stealing. That's a good idea, Jerry, but I don't think it'll work. Why not? Because the things have been disappearing at night, and you can't take pictures in the dark at night. Oh, sure you can.  Well, land sakes. That is clever. Then when we get the pictures, we'll know exactly who the guilty one is. Uh-huh. We can take the picture to Mr. Randall, and then he can catch whoever it is.  That's a very good idea. Clara, look. Here comes Major Mike. Hmm, wonder what he wants. Well, I'm going now and see if I can get Jack Hastings to help me out with my idea. See you later. Goodbye. Come on, Rags. Goodbye, Jerry. Don't bark at the man. Stop it. What about your business, dog? Go on. Hello, Major Mike. Never mind getting friendly, Clara. Here's my satin coat. I want you to press it. And I want it before the matinee. Well, now wait a minute, Major. I'm not so sure I can get it done for you by matinee time. Oh, it only takes a couple of minutes to press that coat, and you know it. Yes, that's right. But there's a head of you. I have a lot of costumes to get ready before the matinee performance. My costume is just as important as anybody else's. Ever since I've been with this outfit, you've been picking on me. First, you sewed up the armholes in my coat. Then, last month, you sewed up the buttonholes and caused me no end of embarrassment. I've told you a hundred times I didn't do that. I don't go around thinking of ways to make people angry. You got me wrong, Major. Oh, no, I haven't got you wrong. I'm not the only one who can sew on this lot. Why don't you ask your friend, the bearded lady, if she knows who sewed up the buttonholes on your coat? She's not my friend.  If she doesn't leave this circus at the end of the season, I will. I'll tell you, I'll never do another season with her. That's what she said last year. Well, um, well, I mean it this time. She kind of likes you, Major. I don't care if she does. I don't like her. I never did and never will. I'll take no more kidding about it from you or anybody else. No, Major. There's my coat. Are you going to have it ready for me before the show, or aren't you? I'll try to get it finished, but I can't promise. Oh, you'll try, huh?  Well, I'll try and make you just as miserable. You won't pay for the way you've been treating me. You just watch and see. I'll be back for that coat before the midway opens, and it better be ready. Goodbye. Goodbye, Major. Have a good day. He may be small, but he's sure got a big temper, all right. Here we are, Jack. Okay, Jerry, go ahead. Well, Jerry, you back again. And Jack Hastings will come in, come in. Boy Detective here has an idea he wants to work out. I told Claire all about it already. You mean about putting a camera up here in my tent and taking a picture of the robber? Yeah, what do you think of it, Claire? I think it's a good idea. An excellent idea, I might say. And it'll work, too, won't you, Jack? Yeah, it'll work all right. The police have used that method and found it quite successful. The only hitch is, when the flesh bulb goes off, it gives the whole thing away. The ones who just had the picture taken might look for the camera and take it with them. That wouldn't be so good for the owner of the camera, would it? No, it wouldn't. That's why I'm going to use this old one. Then you're really going to set it up like Jerry suggested? Sure we are. What can we lose? It'll catch the thief all right. Then your troubles will be all over, Clara. Well, I hope so. I'm going to have to set it up now if you don't mind, Clara. Goodness me, I don't mind. As long as it doesn't go off and take my picture. It won't. Jack's just going to fix it now. But he won't connect the wires until tonight. Hand me that box there, Jerry. Okay. Here you are. All right. Jerry tells me that you've been having a lot of robberies lately, Clara. What seems to be the trouble? I don't understand it, Jack. The things that are being stolen aren't of any real value to anybody else, except my gold fimble. Just a lot of things that, well, things that a child would want, or maybe a little girl that was going to make doll dresses, tinsel and braiding, things like that. Yes. Now, Jerry, pull this wire up there. That's it. How about setting the camera between these bolts of cloth, Clara? It won't be in your way there, will it? Then, sakes, no. I won't get at those today. I've got too much pressing and repairing to do. That ought to take a good picture, huh? It's just about the right angle. From there, the camera will take you in pretty near the whole tent. I'm sorry I have to do this now, Clara, but I've got to take a lot of pictures in the menagerie this afternoon and won't have time to do this later on. That's perfectly all right. I don't mind now that I know I won't set the blame thing off. What's the matter? Don't you like to have your picture taken? Well, I don't take a very good picture, Jerry. Oh, I don't know about that, Clara. I've taken some nice ones of you. Yes, but that was a few years ago, and time does change a person, you know. Ah, flesh bulb, Jerry. That's it. I don't guess you've changed much, Clara. You're just as nice now as you were when I joined up with Mr. Rand.  You quit your joshing. I'm not joshing, Clara. It's true. That's right. He told me on the way over here that you were one of the nicest persons with the circus. Well, now's the time. I think that's it, Jerry. It should work perfect. How's it fixed? I've got six small bell pushers hidden in sawdust. Even if a person knew where they were, they'd have a hard time not stepping on one of them. Which one sets off the camera? I've got them all hooked up to both the camera and the flesh bulb. Just the slightest step on any of them will set the flesh and the camera off at the same time. And then we'll have a picture of the thief. We hope so. Well, won't we? I guess we will if the thief comes around here tonight. And he doesn't run off with the camera. That's right. I sure hope this works out okay. Thanks a lot, Jack. That's all right, Jerry. Well, goodbye, Clara. I hope we have good luck tonight. Goodbye, Jack. So long. See you later. Jack's pretty nice to help you like this, Jerry. He sure is. Well, I've got to get back over to the horse tent now and help Whitey some more. Come on, Rags. Now where are you, Rags? Here, Jerry. Here he is on this pile of scraps of cloth. And sound asleep, too. Rags, come on, sleepyhead. You've got to go. Goodbye, Clara. Goodbye, Jerry. We'll let you know who the thief is tomorrow.


Hey, what's going on, guys? And welcome to Facebook as Friday, week 30. So if this is your first week tuning in, every single week on a Friday, I will show you two proven and profitable products. How do I know they're proven and how do I know they're profitable? Well, for example, then just to give you a quick glimpse of the first product, we can see that this particular Facebook post has a million views, 3,000 comments and 11,000 reactions. If we take a quick scroll through the comments section, we can see how it's littered with people who have bought this product and are happy with this product. These are great indicators that the ad is successful and it's proof and evidence that people are buying the product. What's also really important about every single product I show you on these Fridays is that they are all current and active. So if you are watching this video right now and you do not have a product that is currently selling successfully for you, then I recommend you subscribe. So every single Friday, you can get two great options to go out there and test. Not only do I show you the products, I will show you the Shopify stores, the product descriptions, the product pages I should say that are converting. So you have a winning creative, a winning Shopify store, winning description, and it will also show you where you can source these products from. So you know exactly what you're buying it for, exactly what you're selling it for, exactly how to advertise it, exactly how to put together a product page. Essentially, you have everything you need to go out there and create something similar and replicate the same success you're about to see in this video. So straight into product number one, we'll start with the creative so you can see exactly what it is. I don't know if you can hear that music, but it's so annoying. In fact, I'm gonna turn it right down. It's just crazy, crazy music, really annoying, but sometimes that works really well because it gets people's attention, it forces them to stop and watch the video. That coupled with a cute dog, interacting with the products, doing silly things, dig in, and ultimately just showing how effective this product is. It's the sort of video that somebody would want to watch regardless of whether they actually have a dog or interested in the product or not because people just love pet videos like this, especially on platforms like Facebook. So whether they recorded this themselves or it's just recycled content from online, it goes without saying they've been able to make this pretty successful. Let's take a look at the boring side of the ad then. So this is from a company called Love Happy Pets. So you guys can obviously go and check these out. The post went live on March 30th. We are on May 17th. So what's that all of April and a couple of weeks are made. So in about six weeks, they've been able to get a million views, 3,000 comments and 11,000 reactions. It says approved by veterinarians worldwide. I'm not sure how that's relevant or whether it's even true or not. But nonetheless, as the comment section, which I've already shown you if I just go back to the top and point out some of these, we can see that people love this product and they're definitely, definitely buying it. So Christine's posted that her girls love theirs. I think they're actually, well, they're certainly not dogs, but nonetheless, there's somebody who's bought one. Cheryl has loved the sprinkler. There's another person who's bought one. Tammy, we've had this for past two summers. Another person that's bought one.  Another person that's bought one. Maggie, best toy ever. Picture of her dog, another person that's bought one. Deborah, my dogs love this. Another person. We have one now. Springer loves it. Another person. Christie ordered, as we can see, lots and lots of people who have bought this product all within the last kind of few weeks. Somebody's even gone to the extent to post a video of theirs. Just to obviously confirm, it is relevant. Let's go for some of the newest comments. So 40 minutes ago, 49 minutes ago, four hours, an hour, an hour, an hour, five hours, one hour. These guys are putting a fair bit of money into this, I would say, to get that level of commentary or level of comments on the ad. So it must be making them return. Obviously, nobody continues to run a Facebook ad up to a million views and pass that unless they're seeing some sort of return from it. Onto the Shopify store then. So this is essentially quite a basic one, if I may say so. And they haven't even gone to the extent of getting their own imagery. This screams supplier stock image straight away. Obviously, it hasn't even got the same background as the rest of their store. That'd probably be difficult to do, given the effect of the water to remove the background and have it lend in with the background of their store. But nonetheless, still successful. Five stars, I think that says 127, not the easiest to see. So I think there's a couple of design flaws. In my opinion with the store, but nonetheless, again, who am I to say they've been successful. So if it works, then you don't need to fix it. Product description is as textbook as they come. So heading followed by paragraph, followed by GIF or image. That's a really nice GIF, a really cute dog in the product, enjoying the product. And like I said, similar case with the video, people like to watch this sort of thing regardless of whether they're interested in what they're selling or not. Again, title, paragraph, GIF, title, paragraph, GIF. Very textbook layout and nonetheless effective. Down into the reviews then, lots and lots of different reviews, lots and lots of different social proof, gives us a really good impression of how well received this product is from the consumers. And again, people coming onto this store would have no hesitations shopping with these guys given the level and amount of reviews they have and how good the reviews are and all the imagery and all the different dogs that have shown happiness using this product. So they're selling at 150 by 150 for 53 pounds. Let's jump on to AliExpress. I went for these guys because they're a top brand. They've been in business for four years now which is pretty decent for a supplier on AliExpress. They're called CDDM store. If you wanna check them out and actually use them yourselves. And they do come with 15 day delivery as well. That is with an on time guarantee. And if you wanna sell at 150 by 150, it's gonna cost 13 pounds and 10 pence. If you take that away from what these guys are selling for, you're actually looking at nearly a 40 pound profit before your marketing expenses which is a very, very healthy amount. You should be able to require customers for products like this given my experience in the dog niche for 15 and certainly under 20 pounds. So that's even after the marketing costs a profit of 20 pounds per sale. You'd only have to sell 10 of these a day to making 200 pounds a day which is about 70 grand profit a year before taxes. So in my opinion, a really solid product. Definitely, definitely, definitely with lots of potential over the few coming months. Moving on to product number two then. So we'll start off by taking a look at the ad creative. This again screams kind of like supplier stock footage. There's no one talking. There's this information at the top but I'll show you in a second is of course, a foreign store. It's not a UK based store but sometimes the simpler ads are the best ones because you don't wanna over complicate it. You wanna kind of quality rather than quantity approach. It clearly shows exactly what the product does and at the end of the day that's one effective ad does. And that's also reflected in the results that they've been able to get as well. So if we jump up, we can see this is a product from a company called Astus-Product. It went live on April 22nd of 2021. So it's been around for a couple of years now. It shows it is a tried and tested and working product. If we go down into the comments section, ignore the time frames. I'll show you the newest in a second so you can see it is still working today. What I'm gonna do is just click on a few of these translations and see if we can find anyone that's bought it. It's nice, I only pay by check. I love this fountain. I had two, they lasted about a summer too bad. So there's somebody who's bought one. I almost installed one last year. So there's somebody who else has bought one. This is difficult to do. Maybe I should have clicked on C translations before doing the video. But nonetheless, I think you get the gist. Given the level of viewership, so 2,400 comments, 2.3 million views and 15,000 reactions. I think it goes without saying a post. Wouldn't get this level. So there's somebody who's posted a picture of theirs. This post wouldn't get this level of kind of engagement and comments unless they were seeing a return. Just to kind of prove it's still working right now as well. So if we go for newest, we can see one day, one day. In fact, that somebody's recently who's actually bought one. There's another person from one day ago. One week, one week, there's a person here who actually posted a video three days ago. Two days, this one says a year. But if we open up replies, it will be because there's recent replies. So five days, two days. So as we can see, lots and lots of comments all within the last few days. So you guys get the idea it's working right now. Onto the Shopify store, then what I'm gonna do is just translate this so we can understand it. It's a very basic layout. Like I mentioned in the previous Shopify store, very textbook one as well. So you got title followed by paragraphs slash bullet points followed by image. These are stock images taken from suppliers. These guys could definitely do a better job. And they've highlighted the key points in bold, which is another kind of unpopular strategy for people to use title, paragraph, image. Quite an amateurish type store, not to kind of take shots at the store or downplay their level of success. But this is what I was talking about in my video on Monday is that countries like France or Spain, where people don't very commonly drop ship, they are not used to the level of competition that the likes of the UK or Australia or America are, which means you can get away with a lot less amateurish or a lot more amateurish looking stores I should say. And selling these types of products, it is a great strategy to adopt as long as you can have a slick store in terms of the translation. You need an app which translates the store so it sounds like a local who's been writing it and that's really difficult to do. Or you need to pay somebody on Fiverr to go onto your Shopify store or translate every piece of text, comments, information that you send them. Basically, a local who can speak and read and write fluently to translate your store for you. So that again, when somebody comes on the store from France, shopping in euros feels like this is a French store, not an American store that's just been translated and misleading. So they're selling these products for 35 euros. If we jump onto Aliexpress, just a point out as well, it's a 16 centimeter diameter. This is for the same product, 16 centimeter diameter. 469 with free shipping. So what's that in euros? About 550, maybe six. They're selling it for 35. So give or take, you're looking at 30 euros of room. So again, a very healthy profit margin there to acquire your customers with. And with that being said, guys, that is a wrap for Facebook Ads Friday, week 30. Hope you guys enjoyed this week. Hope you guys enjoyed the products. I hope more importantly you give them a go and I hope more importantly than that, you make them successful for you and you can make some money from this video. Any help at all getting started with these products. Come back to this video, drop a comment. I read every single one. So I will give you my best and honest answer as well to help you guys out as much as possible. Don't forget to like the video if you wanna see more and don't forget to subscribe if you wanna see more. Thanks guys. I'll see you in the next video. Have a great weekend. I'll see you on Monday. Cheers.