What's up everyone happy Monday? So most of the time I used to do these videos live on Mondays But sometimes when I'm kind of overwhelmed with MIC questions or overwhelmed with other things I want to kind of be able to come on here and kind of make this pre-recorded style video I'm recording this video around 12 p.m. Market time on Monday So going forward if I don't have time to do it live. I'm gonna make these videos and then repost it So wow, where do I begin? So there's a lot of things to talk about So we're gonna be talking about naked shorting and we're gonna be talking about my small account challenge And we're gonna be talking about the market moving this year, which is insane Okay, so first things first is let's start off by talking about my small account update So as you guys know, we've been in about a bear market recession for about 13 months now so for about over a year the market is just been straight down straight down straight down straight down and Oftentimes, you know as a short-buyist trader when the market is crashing All the regular people out there are like aren't you making so much money shorting the market? Aren't you making so much money shorting the market? And the reality is guys that in a recession in a bear market when stocks are going down It is very hard for both long-buys and short-buys to make money now the reason why is this? In a bull market stocks go from like five dollars to fifty dollars So there's so much room for the stock to go down Whereas in a bear market stocks go from like five to six dollars So there's not much room for the stocks to go down So as a short seller an aggressive bull market is very very good for us because the moves are so extended They're so extended to the upside. They'll be extended to the downside if the moves are contracting They're gonna stay contracting right so we've been in a bear market and it's been very very crazy But something has changed in January So what I would say has been happening in January is the market Has been signaling that you know what this recession this bear market and might be slowly coming to an end now Why is that so? When we're in a recession or we're in a downtrending market People pull out money out of stocks out of speculative assets out of everything that kind So they'll pull money out of stocks. They'll pull money out of Bitcoin and they'll sell their watches right because at that point When everyone is panicking when everyone is fearful, they're not trying to put their money to work They're trying to take their money and put it in the bank and save it Okay, they're trying to take that money and save it because God knows what's gonna happen. So During 2022 we've seen every type of asset Decline in value we've seen a decline in value because people are taking that money and putting it to their savings Well, we've been seeing in January is something that is very very different in January We've been seeing risk-on assets like stocks like crypto and like watches start to rebound They start to rebound because now The speculation is that the Federal Reserve is no longer gonna raise interest rates They're either gonna keep them flat or they're gonna start to slowly lower them by the end of the year now The way that the the market works is it's future-seeing, right? The prices that you're seeing now in the stock market are based on the future outcome of the world So although the stocks are starting to rebound today That is probably pricing in a difference in Federal Reserve policy in six months to 12 months Okay, so what we've been seeing is we've been seeing Bitcoin rebounding 30 percent. We're seeing watches rebound 30 percent We're seeing the stock market rebound 20 to 30 percent So this is telling me that at least temporarily it seems like we have a short-term bottom in the stock market What that creates is now that creates opportunity for us, right? So in January we have had the most small cap runners that we have had in one month More of that in one month that we've had the last six months combined So what this is telling me is that speculation money is re-entering the market, right? We make money when people speculate right as a short-buyous trader as a short-buyous trader I make money when stocks go down so I understand how shorting works is when we get these Exaggerated moves like we're getting now that is the best opportunity to clean up in the stock market. So Just as an update as some of you guys know I started a small account challenge this year I started a $35,000 account to see how far I could get it by the end of the year And I am happy to report that I am up way way way way way big on that account So if you guys go up to my if you guys go to Instagram comm slash my investing club I post my daily profit and loss every single day today was actually a $16,000 day on GNS and I posted that on Instagram So if you guys want to see my daily P&Ls from now Until when I started at the beginning of the year You're gonna be blown away by how much money I made and I don't want to kind of reveal it now Because I don't want to jinx myself, but you guys could go and check that it is well Well over into the six figures. So that's kind of where that small account challenges I post my daily profits on Instagram I post my daily profits on Twitter and sometimes I even post my charts. So that's that so the market is heating up This has been the best January that I've had in years This has been the biggest January that I've had in the years And I just feel overall very happy and very blessed to be trading so well. I'm very focused I'm very zoned in and the opportunities are there What I've been seeing that's been working really really well in this market stock selection So as a trader you need to understand that there's eight thousand stocks moving every single day Your job as a trader is to narrow down the top Opportunities of the day and then attack on those opportunities.  So I'm avoiding the scary stocks I'm sizing into the big stocks and that is leading to an awesome awesome awesome year to start You know if this action continues it might potentially be my best year ever so I'm not gonna jinx it I'm not gonna say anything.    Okay Now the stock market is designed for these companies to raise money. So what that means is a lot of What that means a lot of these companies Take your money and they use it for research and development. They use it for payroll. They use it for the salary They use it for their private jets. Now what you have to realize is I would say 90% of stocks under five dollars are a scam Their entire business model is to take your money and use it for their own game Not to help the company financially but to fund their private jets to fund their yachts to fund everything the stock market is rigged The stock market is a scam. So if you fall for the scam that there is nicky shorts And you got to buy the stock because of XYZ you are falling into their scam a lot of these companies have something called dilution Dilution means that they could sell shares in the open market to raise money So for example the stock market moves on supply and demand if there is high demand and low supply The price goes up if there is low demand and high supply Price goes down. So what these CEOs are doing is they are being crooked. They are pumping their stocks up They are trying to convince you the uneducated investor the uneducated trader There's some massive plot against the naked short sellers because that's what happened on AMC And that's what happened on GameStop But the reality is their job as a company is to sell stock to raise cash So now when these CEOs are saying nicky shorts nicky shorts nicky shorts while you're buying their stock They are selling shares to dump their stock the inside of the CEO the CFO. They're all dumping their stock now that creates Elevated supply on the stock. So there's more supply less demand the price shoots down So that's kind of what's been happening on GNS.  That is why I trade them That is why we have an edge on that is why we focus on them So ignore this naked shorting BS ignore all the stuff that the CEOs are telling you The CEOs are not your friends. The CEO's job is to make as much money as possible And the thing that you have to remember is a lot of this stuff is regulated by the SEC So what that means a lot of these CEOs? They don't understand that they are manipulating their own stock So that's what's gonna happen guys.  A company like Apple the most valuable company in the world worth two trillion dollars is not once talking about naked shorts Not once talking about that stuff and remember AMC and GameStop. They were talking about naked shorts naked shorts Those stocks are down 95% guys 95% so the key that you have to understand is there's certain strategies There are certain things in the stock market that are Fluff their fake fugazi is not real So this is just an example any time you see naked short naked short naked short make short You should as a professional trader start to think what is their agenda behind this? Are they saying this so that they could dump shares? Right because at the end of the day at the end of the day guys these CEOs these companies They do not care about you. You are just a tool to give them money So now as a short-buy trader knowing this information that gives me an edge That allows me to bet against these crooked CEOs and that allows me to make $16,000 in a day like I did today and I'll attach my profit and loss in the Description of the videos you guys have any questions on that and I understand you guys may think I'm a fraud I'm a con artist on this on that But if you go to our website my investing club comm you could see my verified broker statements on there to prove that this strategy works Right and in addition what we do is we have a free mentorship course So that this sounds interesting if this makes sense to you and you want to learn more about this strategy All you have to do is go to my investing club comm slash webinar And you're gonna be enrolled into our free one-hour day trading course where I show you my strategies I show you a live trade and I show you how you could find these crooked companies Find these crooked stocks and make money betting against these crooked people. So I hope this video helps you guys I'm trying to keep it short and sweet. I want you to understand that these CEOs are not on your team They are not your friends. Their job is to raise money. So if you guys have any questions, please leave a comment in the video I am the one that personally responds to all the comments Leave a like subscribe and I will see you guys in the next video. Thank you


Thank you. The topic of this paper is use entrepreneurship broadly in Africa, then we focus on Swaziland and it's co-authored with Tuli Kuba and Cheri Kanguye from African Development Bank. So first outline of the presentation, we will first outline some facts about use unemployment in Africa, especially southern Africa, some obstacles to entrepreneurship that are based on the well bank enterprise surveys, then analytical framework that we use, then we compare with the data we have from Swaziland, it's a fairly new survey collected last year. And finally with some experiences in intervention in other countries in Africa and elsewhere. So this is actually from African Economic Outlook 2012 and it shows unemployment rates for adults and for youths. What stands out that in particular in southern Africa, the use unemployment is very high. Very good papers on features of African labor markets and use is John Page 2012 that he portrays the different types. So southern Africa are middle income countries where the challenge is really unemployment less so of informal sector employment or working poverty. And here just shows specifically for Swaziland that even within such a small country as the picture on the right, we can have major regional differences, the rates are high everywhere. And also the potential use dividend or use ticking time bomb, whichever the things that will go, showing us the demographic trends and in particular how young population is prominent in the Swazi labor force. So then what are some of the constraints to entrepreneurship in Sub-Saharan Africa? Especially after the global financial crisis, entrepreneurship became again popular policy topic with a view that basically people can help out themselves in challenging economic situation and it could contribute, it would not be the main driver, but it could be a contributor to inclusive growth. So then if that's the case, if we believe this is a reasonable possibility, what are some of the impediments and how can they be overcome? So then we look at the Wellbank Enterprise Survey and they find of course constrained on both firms and workers and these change over time. So actually this next graph shows it quite well. So at the early stages of development here we have the GDP per capita log. We see that infrastructure on access to finance matter, but this time other constraints become more important such as skill or labor regulations. And here just again from mostly from Wellbank databases like governance or entrepreneurship database, we see some of the constraints such as regulation, cost of startup of business and education which then impacts technology adoption and innovation. So then we just construct a very simple one period model. It's a model of structural transformation. So we're looking at economy that is changing and what would in such situation could be maybe policies to help facilitate such transformation. So we have two types of agents. We have workers and entrepreneurs and then portion of them are young and portion of them are adult. Then entrepreneurs spend their time searching for business opportunity. Basically it's a search model with friction and the friction is the search for business opportunity which comes at a cost, gamma being the parameter of efficiency of search. If they succeed and open a business then they produce output according to standard cobb Douglas production function below. And entrepreneurs who do not succeed though finding business opportunity in this in this productive sector, we will not say whether formal or informal they will be in subsistence sector. We call it here informal sector and earn income B. And workers also are for them it's also costly undertaking to work in this productive sector. They need to acquire some skills again comes at a cost. Then we have the very standard maximization solution or optimization solution. And here is some outcome of that and basically it comes to that workers search to the point, I mean entrepreneur search to the point that the marginal cost of search equals the expected profit. And workers train to the point that the marginal cost of training equals the expected wage. Then we compare it with wage solution. We find these conditions to be very similar with one condition that the factor in the informal sector is one of the distortion that basically discourages entrepreneurs to search for business opportunities. So here we show the outcome. Then we ask how can policies help and then then we derive what would be optimal subsidies where if we were to derive the optimal solution. Never realize what we see that even with the so-called optimal solution we would have the inequalities would not change. So then we ask basically what type of government intervention would be needed in a society that values equity and wants equal outcomes. And these are some of the findings. Now if we want to be a little bit more formal about it and derive it from some kind of optimization because that was not coming as a result under standard solution we need a society that derives this utility from unemployment which is not so unreasonable or this utility from use unemployment again not unreasonable especially after our up spring. So once we do that we will find what the optimal subsidies etc be from that point of view. So basically the findings of this is that you know support to start up capital and also support to training for entrepreneurs is something that the governments may like to consider. Then we want to see what first of all is the data from Swaziland telling us and then what are some of the experiences some of the experiences from other countries. So this was just actually it was meant to be at the beginning. This is showing that the private sector in Swaziland is very underdeveloped. Maybe I should give a little bit more background. Yes Africa is growing, Africa is rising but Swaziland is not part of that you know take off. This is one of the least growing countries in Africa for almost two decades and it's probably it's reasonable to say it's caught in a middle income trap and majority population lives below the equivalent of it lives in poverty. And then of course part it has to do with business environment but not only. So then we this is this is from the survey of entrepreneurs that was undertaken about a year ago in Swaziland and we indeed what we want to document here is that young entrepreneurs have basically less experience and fewer skills so are disadvantaged that way relative to adults and we can see from tertiary education whether they previously owned business whether they were employed with some relevant experience and etc. is that their first business and then we also looked at the outcomes and indeed we found that young across several indicators young entrepreneurs do not perform as well as the adults when it comes to sales they are not operating at full capacity as much as the adults also their firms are smaller and here just another example of the estimate of sales shows the differences between young entrepreneurs and adults. Then finally so we would still say okay would it be reasonable to to discuss some of the policies and what are the findings as elsewhere and probably one should say you know findings that the actual experience is mixed with these types of programs so one should be careful and nevertheless one wants to look at some of the experiences so in Europe the OECD 2012 study of youth entrepreneurship has looked into high potential entrepreneurs so a specific group not everybody so then they find that the interventions are more effective you know if then indeed high potential use is well well selected so the careful selection of the project also more and more support for per entrepreneur rather than spreading resources. That's by the way what we found also in Swaziland made some attempts to support young entrepreneurs but at the end the support per entrepreneur was very low that was the complaint we also supplemented the quantitative survey with focus group discussion so that that was what we were getting from the focus group discussions and then also it's usually more than just one thing it's several measures together so for example startup cost and and skill development and good news is that we see that being being now implemented in Swaziland in various forms usually when when young entrepreneurs ask for credit it is conditional on obtaining training. Then there was also experience with disadvantage to you so that's something else then you know high potential use and the experience is yes if subsidies are provided there needs to be credible exit so otherwise this could go on forever and then that's of course not the idea and also the training schemes should be and we heard that in Swaziland as well but this is from international experience that they should be administrated by private sector that better understands the needs rather than than the government even though the government has a role to play in in facilitating that thank you


And for news outside Africa, Ukrainian President Volodymyr Zelensky flew to Westa, Ukrainian Rivner training ground on Wednesday to inspect military drills of Ukrainian land forces. The drill, part of commander's staff exercise until 2022, focused on practicing the management of land forces deployment during combat operations. Colonel Andrew Melnik, one of the commanders at Rivner training ground, set the troops' practice with a wide range of weapons. Hanomalia, Ukrainian Deputy Defense Minister, set their exercise, proved full readiness of the Ukrainian armed forces. Russia denies this, but has said it could take unspecified military actions unless its security demands are met. So you get notified about fresh news updates.