The tutto that's been going on lately I am now hanging out with the man himself, the man of the day, the man of the hour But it was almost my birthday I have been here whole ten years 10 in 50 You've turned 50? Yes of 50 years Wow Ah yes Okay, when you're 50, jere, business people are not used to you Yes that's why I have so many questions for you freshers But genuinely, I don't want to ask you anything Ask you anything Na chikatu kujua, why now? Where are you hanging your boots now? I just said I stopped public performances. Maybe I'll still be doing music, but I think when you grow, there's a stage you get to that you want to move to on a stage. And my next venture does not have that time, humble time kufanya, kudabaul life. I want to know what's your next venture. Is it the music you want to share with your fans? My next venture, I can't talk about it because it's an NDA. But I'm going to announce it publicly also in a few weeks. But you know Prasha, it's been a while since you released the music. Why? What have you been up to? I've been doing business, you know. As I said, life kuna maali na fiko na kutokamambo ya music. You know, manza kuzehika wa tuyua manza kuwa. So you have to concentrate a bit on making more money, the easier way. Entertainment in Kazimob by the way. Hey, he's on Insta, he's chasing us. He's got a prasha. I don't know kujua prasha. Kitambo niwa sa niwa genge, when you millions are genge? I don't know, it looks peaceful. But you know what's your next venture? Is it the music you want to share with your fans? I don't know what's your next venture. I don't know what's your next venture. I'm going to go viral naturally. Like I said, I'm going to go to mat. After mat, maybe I'm going to go to masan. I'm going to go buy mango. So that's how. Mostly the biggest thing I want to do is to go to TV. In mat, okay, then I'm going to go to mat. I don't want to go to mat. I want to go to mat and buy mango for myself. This is what real life is. It's a safe way. I'm going to go to the 2nd next next. So what's your next venture? You want to hear a story, play Kenyan music. Play Kenyan music? How has music been played then? How are we going to see your kids and make your music? I think the biggest problem we've heard We've never controlled our social media. Social media li kuji eka open, ni ka fanya, ni ni soko eka kwa open. Mti otea neza fanya, ki tu otea na ta kwa, you know. O ki tuwa song liya neza, umcha neza kwa stay, to any part of the world has kaya that song the same day. Do you know, days? Hey, brah. A new days have changed for sure. Ya, kwa music had to travel through TV channels. Ako kwa na platform, skuboza music, as you can download music. Azi mo hindi kwa sahiba wambi e, oh ya, kwa CD, flash disk. Ya, so, ya, videos may change. Tu kimalizia, you know it's your birthday, say, kwa eka pasaana. Kwa kata maji kwa maosa. Ni kwa tu oji bambi e, unetambia ni ni, the new upcoming artist. Jum e kwa kwa game for so long. Kwa hizum e aka zote 23 years is a long time pressure. What is that one thing that you na feel me kukip to moving and moving and moving? I think it's God, you know. Kila gitu mufanya mu se ma mungo mbelia, because I don't think, I don't take it for granted that whatever between me pewa ni zangu. They're not mine. There's no favor. Ni God tu ya, ni God na se maga. Wei, wei mtu hangu jo na ni hangu siyaga lakini. Keshu uta amuka. Ia ni blessing, tu ya kutosya, na jwa. So, kila mtu eka tu God first. Eka mungo mbelia. Na kama niwa ni musician, know your craft and work hard. Acha na smart, you can work smart, but also work hard. Ya ama. You've heard from the legend himself. Acha ni nitu kaji bambi sasa, happy birthday once again.


This poem I'm reading is called Why No Flowers for Africa. Parisians, Syrians, Lebanese, Kenyans, Nigerians, Malians, Indonesians, and the Burkinaabe all suffer the consequences of war and fundamentalism. They sit at cafes, attend concerts and soccer matches, go to school, stay in hotels trying to escape for a better life. They see family and friends being killed. Parisians and tourists are told to stay indoors.  We are asked to sympathize with them because they can't see the Mona Lisa at the Louvre. Sip espresso at Le Doume Ago, load up on baguettes on the Champs Elysees, feel safe riding the Metro, and take in views from the top of the Eiffel Tower. Their children are caught in the middle of a fight they did not cause. The sins of colonialism visited upon its children out to hear music. What are their friends doing in independent Africa, looting minerals, food, and art? The Eiffel Tower may be lit in the colors of the Malian flag, but the police national surround African immigrants selling tiny knick-knacks to tourists at that same Eiffel Tower, and the national gendarmerie send them to Charles de Gaulle Airport where they are kicked out of the city of lights. All we hear about on the news are the attacks in Paris. Why don't we hear as much about attacks in Syria, Nigeria, Kenya, Mali, Lebanon, Indonesia, and Burkina Faso. Beirut got attacked the day before Paris, Nairobi seven months before, and Nigeria, Mali, Indonesia, and Burkina Faso afterwards. What about ISIS raping women and children in their camps? Obokar Haram kidnapping 200 Nigerian girls and killing 30 people in a suicide bombing. People say Jaisui Peri and prayers for Paris, but no, I am Beirut, excuse me, I am no Bamako, I am Nairobi, I am Jakarta, and I am Ogadougou. They made the French flag, their profile picture on Facebook, but where are the sightings of the Nigerian, Malian, Kenyan, Syrian, Lebanese, Indonesian, and Burkina Bay flags? On the news we watched a drowned Syrian child wash ashore near the Turkish resort of Bodrum, or families walking hundreds of miles to Hungary to catch a train to Austria or Germany, only to be turned back. Some states won't allow refugees for fear of terrorist attacks, or in their words, the U.S. not wanting Syrian refugees here is not based on fear, it is based on wisdom and knowledge. We should only admit proven Christians, how do they prove they are Christians? Maybe they could swear their devotion to crucifixes mounted at checkpoints. A presidential candidate wants to ID Muslim citizens and shut down mosques. The black president is called a sissy, wuss, and petulant child. Translation updated Jim Crow terms for boy. He's called the first female president for urging restraint, even though the terrorism in Europe was done by homegrown terrorists. Someone said to me, they don't consider the Syrians people, they consider them contraband. Which immigrant families have caused more terror? Syrian families or the Bush family? When attacks happened in Lebanon, Nigeria, Kenya, Mali, Indonesia, and Burkina Faso, there were no national anthem sung, no buildings lit up in these country's colors, no comparisons to 9-11, no moments of silence, no 24-hour news cycle on CNN or MSNBC, just their experts who spend their lives in green rooms sampling free donuts and coffee, is at interviews with civilians, presidents, prime ministers, or experts from the countries involved. Why is a life in France worth more grief and anger than a life in Nigeria, Mali, Kenya, Lebanon, Indonesia, and Burkina Faso? Where are the worlds candles, the vigils, the anthem singing, the hashtags, the letters, the flowers for these victims? Thank you.


alright everybody good morning welcome back to another stream hope you guys doing good I throw it's a bit still a bit sore use me if I don't know I sound a bit croaky I guess oh I don't sing break stop there we go okay oh man yesterday pretty quiet day we sort of had some tapered expectations of potential downsides or build up of from there as you can see yesterday we did keep up below the sort of short area line here if we pulled that across the B-wap at the point of area we sort of pushed out on just stayed sort of controlled in from yesterday and you can see even from Asia session here about 12 UTC you can see how we entered that bid here we miss it here just just kiss it and then finally I hid into it there and finally peel away again not really a reaction of liquidations rather it being a cause of actual bids entering and leaving the market which is always nice to see I mean if you also have consulting and will look within both sides it's just becomes a bit of a toss up but if we know that they're still sort of along liquidations yet to be had that means there's still chances for a downside or an upside or vice versa depending yes and yes we said okay you'll come in if it filled out in it looks pretty bearish it'll come down retest didn't really do that just came down did nothing we'll see what they do today in terms of retesting levels they come in give a nice little retest and put push up but generally looking at things right now they're pushing down aggressively probably looking for stops probably looking for that retest and once we get that retest we'll see if that causes Bitcoin to bounce at that at the level it will be trading out I mean if we go back to Bitcoin we can see that it is lagging behind to what yes already been doing more heavy short here as you can see here there's no real liquidation so we know as soon as we hit below these guys we're gonna release or have potential to release these guys to the market good morning there's your bid that was hit here again if you see something like this where you miss a bid and it reenters on the follow-through you keep that bit open or you can even enter in on that bid and usually you you get that as a second test there'll be your that'll be a double top here as you can see the nice sort of sacred and I think we've mentioned it before and given examples before these are the types of trades or ideas you want to take a screenshot off and answer of jot down for future reference because again this is the only way we can have history on order book or we get the replay mode but most people don't know how don't store or have their data being have the data stored so they won't really have this data so there won't be too much history right now is getting pushing down we do have news today where we were expecting some level of reaction coming out from today if we go into look at the calendar there we go 830 coming in let's see okay okay I guess it's not true a lot better than expectations I mean considering see numbers are okay like that's not okay we'll see how far this sort of swing down takes it I mean if they enter on a short throw here I kind of be disappointed because I mean ideally you want this like you want a second leg like there is no way they would let up here but again it depends on how far they have to go to get those liquidations are stored at these little bottoms here from sort of yesterday and yesterday again it was just 10 o'clock coming in you can see spiked high before 10 as soon as 10 came it just went back low you can see them the three minutes if you push up they go spike high whips or down then just back to normalcy just trades inside back into here you can see we just console the under there we have our main focus and that's just that's just pretty sort of to this area here as you can see there you go we have that cluster here and that's where we have that order trade come back in here so we know we got longs entered in as soon as we cross above this threshold we have shorts below the threshold so it's a very sort of split dynamic and whichever side we hit first is the wrong side to take it so if we hit the low side first you you want to go long if you hit the high side first you want to go short simple as that is it is news bad for GDP in jobless games see news is okay GDP was again it showed growth which is nice was jobless continuous jobless it went down which is again very good you on this as a four-week average though the continue game went down as to be expected be sort of she is to go down yeah it went down it went down beat forecasted forecasted was to be higher but I mean we already said this I said this I think what last time yeah you expected us to go down because the amount of temporary jobs that are available during the season is pretty high the real test comes in wait January or the other or the following weeks after see if those are anything that end up sticking but yeah jobless games to go down I don't know why is forecasted high it just shows you people people just don't don't know how the world works growth rate yeah again you can see that 3.2 quarter on quarter which is nice consumer spending went high which is good that means people are I mean it is Christmas though so it makes sense so real consumer spending I say increased to 2.3 percent from 4 to 2 percent so in slight uptake on in spending test lens by okay cool Tesla is a garbage stock it's for garbage people and anyone who buys it needs to be scammed by Elon Musk Elon Musk will come to your house and he will take your children that's what happens when you trade Tesla I'm joking I'll look at Tesla if you're new to channel we have a a storied storied history with Elon we we absolutely love the man there we go those gold on the downtick hit on this now now this is where I'd be looking at this and and seeing where stocks are in its cycle because it could as well as well and truly just hit out into this and just swing back into these dailies support or it could have a continuation down but if you're already in the short from yesterday your whole you're most likely pushing stops or wanting to push stops because again trapped barely any volume on this tick you can see that everyone went long here which again baffles me like like the basic of basic you can see that oh yeah there's you there's your there's your W here there's your double bottom for longs there's your there's your M completed here there's your double chop there's your volume node that they trade to again time and time again you can see how people are just stupid but very thin on the volume most I want to see if they just stretch it to get a bit lower again I think just volume yesterday was just generally bad oh wow it's been a while tell okay probably miles or so back on the monthly see if that's all the lines man anything that Elon Musk is in charge of is it's bound to fail just just know that like just look at the history of like companies he's he's he tried to run and he's he was removed from how is this all the way up here I must have been high and you can see just see that okay it's just track roads a track road track here's track track road track track yeah am I confusing myself it's track road right I am I'm done my brain's already gone sleep thanks to Elon Musk and your angles soon have 180 IQ I don't think it's thanks to Elon so so like how have you seen the meme it's just like oh yeah you made this someone takes it oh I made this thank you let me present it to the world but before I present it to the world let's add like an e here let's add like a z here let's add like an alpha here I don't know let's add some some random things so it looks like it's mine and do we really want to go into this because I can go into this and like because yeah let's see I was even grab any more daily levels I've got some here but nice little buffer of trades here I mean looking at this sort of slide is just insane I mean it's it's finally coming into some level of support and territory here it's just now you have to look for consumer sentiment it's super easy to do just flip on other data everyone's saying buy this here yeah that's a yikes from me but interesting enough we got an insane amount of short-hauling so it might not be too bad there's a ton of mention on Wall Street bets which is annoying and there's a lot of retail activity right so it is Tesla earnings is it's a while away see last earnings they slid quite a bit I mean that is decent but still slid you can see that it's really care again just cleared out when I cleared out the sort of short volume until here and on the downside finally got short volume cleared it out by going high there you go short volume increase goes high in short of a little increase go high maybe we go high here get out into there then put before they decide on anything else still concerned on the amount of buys from these so-called funds whatever I mean actually we can just filter this out yeah so we can actually it is there you go yeah you can see currently sort of four weeks a week out you can see who's been wanting to say sell Tesla I mean some of them timings off I mean this time is on their city group and JP Morgan is all filtered out just look at say city group when he does this oh no let me undo that okay that's the only annoying thing about this group that's them golden sacks you can turn that off if you want those all the favorites you can see there's goldman's Barclays from just sell the group sell Goldman Sachs for these nine meets by which is stupid if you think about it but you can see who's been sort of right I mean chief Morgan's 24 weeks Jesus went into that cell bug in Brian bank tolls early Brian Brinkman Barclays here side here JP Morgan pretty much started there he could sell sell everyone just think so since it is so did for a bit and oh my god what happened here but generally a sentiment did end up holding someone saying hold I don't really mark Danny who from who RBC you can see people are saying bye here so it's just might be cool with the short volume there's that switch up and then it's just that constant declining or that double bottom double bombs a bit entries but in I'll be on the side I mean it's been really so heavy for a really long time I mean as a company I don't think Tesla is worth investing in neither is anything Elon does from long-term aspects because there's only a propensity for it to sort of go down or do really worse off just totally based on the fact that look man only has two patents to his name he doesn't know how to run a business he never has he never will he's just a grown man child who can't run a company and for that reason I'm out I'm sorry I should do that but yeah but well and truly it's you should be sure electric cars are something that's viable in terms of wanting to trade and wanting to sort of have in general in your portfolio but I would look to it and look for other companies look many people who are making batteries like the thought of I think it's gallium nitrate see no go away I don't even have to spell it is it gallium I'm questioning myself there we go there it is right yeah gallium nitrate right out of pocket fast chargey accessories there you go it's a lot better I think a lot of I mean that's a thing but how should you dig for his cost of soaring and that's another thing like you think electric cars are like this is this let's say this is an axis in terms of time spent driving versus emission you think electric cars are like like this just like oh yeah from the factory well and truly like pre-production before you even get the car it's like oh my god what's what's what's all of this then it's this then it slowly does this as you collect energy from non-ruse reusable sources your emission at this point is zero but yes and then you can say oh yeah this car zero emission it's so good for the environment but like what about all this before you had the car the manufacturing cost and the actual fossil fuel used to create the batteries like it's far more wasteful than like say oh yeah we had car manufacturing goes up like this yeah cool cool cool cool yeah and I know what I'm doing oh cool it's just it's just I don't know it's just stupid really people just buy anything and it's just like and you got a wonder like what why make it's simple swap of nitrate of silicone EV batteries because shared critical weight and also charge faster and all the chemical all the chemical from game nitrate compared with silicone gets getting nitrate larger capacity with less material there you go longer range less weight it's just bloody better why are we not using it who knows what imbeciles that's why the only let's see like outside where traditional tungsten filament it becomes a semi-conductor gaze no shrinking of violent in 2007 70 from Shangdong University in China looking at gun nitrate as an anode material it's called the most studied third nitrate compared similar to aluminum aluminium rather and idiom indium indium oh my god I'm so stupid for example gallium nitrate is already used for light emitting diodes where traditional tungsten filament in incandescent light bulbs have been efficient for just five cent nitric only 60% efficiency and it could have similar effects if not quite so dramatic improvements of a commonly used silicone such as semiconductors like just a no brainer man like if you can go out and and say look instead of getting 200 miles on the charge you can get an infinite amount you can get an insane amount of charging is 60% more of your range it's for control top G said that they don't want us to have electric cars for the environment yeah they don't give us they don't give us with electric cars they just switch it on and off from a distance I guess so they can yeah see look I know I sound a bit tid foily but I'm not really actually I am but I'm not like a nut okay like I'm I'm I'm a racially if only sometimes rationally sinking person person let's go back I mean yeah big ones doing a thing it's just coming back to it's holding again best case it's double top at like you're gonna get a second leg I mean like looking at this hitting green look I mean the only time you won't get a second leg that's when it's like superficial like this but I mean even here you got a nice little double bottom and it's just peeled away as like as fast as it could but generally there you go second leg I mean it's it's always bound to come like if it just shoots up she'll be pissed thank you see time yeah so I'm gonna buy a Mustang see I want to buy buy a Mustang but the UK streets they can't support American cars you guys are just too fat like we can't even fit American people here I mean yes is back at that support level so we see if it starts rallying with with sort of Tesla as well everything just sort of goes up again sure trade Tesla but don't like add it to your portfolio it's like a good investment that's just my advice and we went in a whole tangent just and if you want to take trade the crypto assets of the stock exchange trade bio trade bio stocks but I do warn you you need a lot of knowledge prior we can look at some old coins I mean everything slowly did slide down was to be expected I mean it was all most things were at resistance we did expect it to sort of try and find its way down we do have plenty of areas to consider as potential catches so you want to see if they sort of hold on those catches if not we sort of expect it to drop down further for Avax we only really have the weekly support level or do you just under these stop-punt level here where people would almost likely be able to play stops my throat really hurts man it's like someone like hit the back of my throat really hard again you just left it sore wait that's fine same things Adam I mean sure I did hit up into there give you sort of the extra leg high coming in from like yesterday you can see that it ends up going down from when we wanted it sort of here came back hit back into there what do you think the next shift of the next will be an cycle I have to say really I mean all you gotta do is start joining underground groups not underground groups but like just random groups start talking to people and just buy into investments that basically have have a lot of preamble hype make sure to use your safety nets like token sniffer like rug screen and then just check out there your basic rule of thumb if you're trying to look for mooning coins as long as it's not been heavily heavily already news news advertised or sort of published about there hasn't been that many mentioned in Wall Street bets you're good you're good and in terms of selling I can't tell you when to sell because I fumbled like like seven figures man just because I sold early again it is stupid man like it's something that I mean that was younger days that I've worked on myself but though it still sings other data the reason why I'm going with that it's just gained what wants to go mention on Wall Street bet like we can go back in the past you can see where we've lined up here I've mentioned on Wall Street bets here people oh my god yes whatever it's earnings yay cool but what do we do sell short everyone's shorted oh no what is it doing oh no what happened to my short give me more easy firefighter do you think it's advisable to take low leverage positions long to now leverage matter I mean it's just just I mean just manage your risk that's that's pretty much it like leverage is just basically and we talked about this like it's just if you have an equation that let's say bloody bloody blood but equals and then the equation will always equal to one percent and your factors within this equation is let's say equity so let's say equity then it's minus the no it would be minus yeah no it would be minus it would be I'm trying to make this into equation right like let's say yeah no yeah yeah it would be sort of how much equity you have then it'll be divided by whatever they will equate to sort of one percent loss of that let's say it would be let's say how many how much you want to put in let's say you want to put in X amount and your leverage is a multiplier so you use leverage as L as a multiplier to sort of figure out if X times L divided by this will still give you a one percent loss if it goes up to this price would it be worth taking or not that's pretty much leverage is it's just a multiplier to say now I can reduce the amount so now I can reduce the amount of X and cover myself in other positions so let's say if X goes down that means I have so I have E minus X left in terms of let's call that Z in terms of to go for the next trade then it'll be sort of Z can cover start covering this trade here let's go to call this T1 as for trade one and trade two can either be a hedge or a counter party so if T2 starts trading counters it starts covering this let's say this trade ones loss T2 covers it so then then your loss is sort of negated at some at some level even even covered if this goes up higher no that's just the way you want to think of it very very methodically it's just a tool that's it I have a whole video on my channel so let's call I think risky business or like risk management something like that but it should be still up then it goes into the concept a lot better it's a very sort of nice way of looking at things and yes still sliding we look at this you can see they hit out long stops to some certain extent oh there you go there's long stops long stops long stops iceberging on the on this side to someone's eating up for some reason this slide which is which could be telltale that we might start pulling up it's 800 800 around 800 each one so probably the same entity here just willing to be under this sort of microscope and hit out into these these lower ends having in the pre-market so most likely some asian you go to SP 500 and spy before you leave yes sure putting up instead here's the thing like the reason why you see yes over SP is because it's she is most people don't have the data but it's comparable like one to one one's just 24 hours look this is what like yes just stands for and I don't know if you're new to trading or not yes just transfer e-mini like it's just the it's just e-mini like every just calls it yes it's the e-mini contract e-mini sort of spider contract or it means it's the future contract for sort of this and all it means then that's why like you can tell where spy is gonna open just by looking at yes cuz yes will always be on except for the hour where all exchanges are closed and then you can just play catch up you can see how yesterday it did it did sort of just pre-market wise go higher like this but if you're not trading extended out no you're not trading extended out you train where it allows you just see this gap up into this stop you see a lot less in terms of looking at sort of actual trades so anything I say for yes is you can just take for a spy but you know for the most part for every part whatever spy will do a yes will do the same it's just your spread will slightly vary here and there but yeah generally you can see that they tried to sort of fill out into this but I mean very tight on these longs here pulls out again going back to yes you can see yeah very high on these longs then they just pull back down you see where they split out on yesterday if you look at yesterday in this totality there you go long here long here push it down very aggressively you can see how high high how big the spread was on the lower side versus spread on this top side you can see it was very shallow they just hit that into stops you can already tell that they were already trying to manage this downwards at some point in time but now we're just coming back into redressing this now it's just so if you look at this and just say okay look if we're already sort of already in this in sort of future wise so probably see we'll see if this causes a flood of liquidations down then pushes back up that's the only sort of effect spy will really have on the yes it's just opening timed it's just okay how many contracts ended up have had to be settled another leg for doji thing I'll see it's just how many contracts had to be settled outside of actual trading hours and ended up coming into sort of provision on exchange open that's the only real effect you really have and that's why 930 is a nice time to avoid because it's just most time it's not actual traders anything it's just contracts being resolved and some dumb traders following the resolved contracts into that direction it's just I don't know man some people are just special that's why you trade sort of you wait 30 minutes trade 10 o'clock get everything sort of settled out nicely doji coin I mean sorry to found a high see final four hour love this monthly uh yeah I don't know man if you want to lose your money go ahead lose your money put it into dodge again anything you don't touch is I'm I'm hit like adamantly against in terms of him being any sort of spoke person for anything he's just what we call a blumbering buffoon it's a bunch of sort of resistance I mean pulling up get up into there maybe get a retest maybe maybe you can find yourself up I don't know man it's up to you to take the risk it's not something I'd trade that was a 50-foot knife just saying dump it my love like I know I can at Solana still within sort of territories where I'd consider it on a razor thin knife I mean the only real support we talked about it was this sort of support level here where we have that sort of volume note here sort of we held here on this on yesterday and we sort of pushed up so now we just keep continuing to try and look for internal we don't really want to break this low I mean we'll break this low really if we break this low and but still sort of hold within we're sort of doing sort of somewhat fine start breaking we start sort of looking at this side-eyed in terms of trying to re-enter we'll look half for like higher higher level reclaimed reclamation for doing so yes so I mean if it goes down we just wait for it to sort of find a support level something higher then give us a retest or first case just give us a retest like this at a pre-existing support level but all in all just waiting if it sort of slides we're waiting alternatively if it just holds here stop once this we're probably better in terms of just saying this and this is sort of an area where we sort of take our positions and just try to push up first here then maybe even higher and targets all these types here it's all been interesting see I think things are in a good position today uh I don't even know if there's any holiday because it just felt like there was no volume yesterday uh yeah because um yeah everything's got everything's open I don't know normally I didn't think yesterday was like anyone was trading yesterday but they were I think there was like just zero volume let's see yeah like seriously just 26 wait Christmas is on the 26 you guys told me 25th I don't say I'm gonna have to google Christmas oh yeah equalize all right 25th there's a public holiday day on the 27th why is this always confusing to me okay so Monday yeah it'll be Monday so it's a three day back holiday coming up damn but they're gonna have to do a lot of work on like Friday or today like hopefully they do it today because I'm sick and tired of this being very boring because I mean they've hanging around Tuesday they've just kept here Wednesday if you push down aggressively I'm happy then they can just they can sort of springboard off I mean anything between here is decent in terms of calling that a available sort of springboard uh but if we start going up higher and higher and just hang around up here that's sort of bearish we still have tomorrow in terms of data wise just the last set of numbers we're looking for uh we do have a couple of uh having an inflationary for JP probably good for you guys your yen traders but tomorrow a personal income personal spending it's probably a lot a lot better to wait for sort of uh I mean wait for that to get an actual sort of swing trade off of uh because again I think everything was setting up so though these two dates um uh and we'll see like the complete sort of uh follow through on tomorrow if not today so could be a boring day could be a fun day who knows uh just sort of trade safe uh either way I think I'm just gonna wrap it up here uh thank you guys so much for coming hopefully you guys enjoyed it uh again like you can always just come up with questions in your own time and just ask me them on stream I do enjoy answering questions and rambling uh anyway uh hope you guys again enjoyed it and found it educational if you guys have any questions do feel free to ask in the discord hopefully you enjoy the rest of your day and I will catch you guys tomorrow peace


Hello, in this lecture, we will define unlimited liability. According to fundamental accounting principles, while the 22nd edition, the definition of unlimited liability is legal relationship among general partners that makes each of them responsible for partnership debts if the other partners are unable to pay their shares. When we're thinking about the unlimited liability in this context, we are clearly thinking about the type of business structure of a general partnership. A general partnership being a type of organization where two or more partners start to form a business in which they have profit generating intentions. They intend to generate profits, therefore they will be a partnership unless they set up some other type of entity, unless they try to incorporate, create an S corporation or an LLC. If they have a business intent and start doing business in order to generate revenue, they are then a partnership such as these two individuals here joining together in the restaurant business. They would be a partnership within the restaurant business, a general partnership. The benefits of a general partnership are that easy to setting up. It's great that we can just set those up fairly easily. The drawbacks of a general partnership are that we have this unlimited liability. Unlimited liability in the sense that the partnership unlike a C corporation is not a separate legal entity. We'll try to keep the books separate in order to keep the best records, but it's not a separate legal entity and therefore the partner's individual assets could be subject to more liability risk than would be the case in a separate legal entity such as a corporation. Also the partners themselves act as agents of the business of the partnership. So if either partner decided to get into a contract, then the other partner is then liable for that contract as a partner within the partnership. So those are some things to keep in mind and aware of when we have the partnership type of arrangement. If we compare that to the corporation, the corporation is going to be a separate legal entity from the owners, which in this case would be the shareholders. Main reason for doing that is it provides more liability protection for the shareholders or one of the main reasons for forming a corporation forms more liability protection to the shareholders. It is the case from an accounting standpoint that we're going to keep the books separate in either case so that we can track the books, but the corporation is actually a separate legal entity has separate ownership of the resources of the corporation.


Hello and welcome to the session. This is Professor Farhad and this session we're going to be looking at foreign direct investments We're gonna define it and look at opportunities and challenges when it comes to foreign direct investments This topic is covered in an international accounting course International accounting course and it could be also covered on the CPA exam as always I would like to remind you my viewers to connect with me on LinkedIn if you don't have a LinkedIn account You should create one LinkedIn is very important for your professional image and professional networking YouTube is what house all my lectures. Please Subscribe to my channel like my videos share them put them in the playlist Let the world know about them if they're benefiting you if you're listening to me It means they may benefit other people. Please share the wealth. It's free for everyone. I am growing my followers on Instagram, please follow me on Instagram and like my Facebook page if you want any premium CPA material Please go to my gumroad account. I also have a website where I organize some of my lectures over there So foreign direct investment. What is foreign direct investments as we talked earlier? What happened is it? We might have the US company and what they would do they would buy They would sell and they would buy from a Foreign company, so that's what they do They would buy in the cell from a foreign company Well another way to get involved in an international account international business Which was which when I get a give you which when I get you into international accounting It's to go ahead and move the you part of the US company into the foreign The territory into the foreign territory. So this is called foreign direct investments Now, how would you conduct? How would you carry on foreign direct investments? It's when you own and control for an asset you go to that foreign country and you operate in that foreign country How would you do it? You either buy an existing company like you would buy Another manufacturers another retailer another software company you would buy you invest in an existing operation You would buy them or you would start your own company. It's called greenfield investments You will just start your own your own branch over there So no operation in the foreign country Those are the two ways then you would do it. Now, how would you do it? But all depends on What is your objective? What are your resources that you study the market so on and so on and so forth? And you have to do what's called a net present value analysis, okay? To make sure it's worth moving into that country Or that territory know what are the reasons for foreign direct investments? Obviously the reason we do business is to make profit. So one thing is to increase sales and profit You might have a larger market You might have a larger market where you can sell more you can you can obtain new technology You might want to enter this rapidly growing or emerging market For example the rate of growth in a foreign in a foreign country might be higher than the rate of growth in your local country So you want to gain a foothold because the early you are generally speaking the early you start something the better off are the Results in a business. Why because you are an early starter You have more experience people are coming to you because you existed there longer than others generally speaking So you're gonna get a foothold as early as possible You might be able to reduce your cost you might be able to get your production closer to the supplier So basically rather than shipping product shipping components from overseas You can take your production overseas that's eliminating transportation cost and it could be cheaper to operate those So you could have a lower means of production if you operate in a foreign country Gain a foothold and economic blocks. What are the economic blocks? Well, it could be NAFTA, which again this might change NAFTA might change It could be the EU and who knows the EU might change down the road or you could be part of the agent block And basically what is the agent block? You're talking about China and Malaysia the Philippines all these countries and once you get a foothold there and One of these countries then you have access to the whole to the whole block Okay, so you would reduce Restriction on your product on your buying on your selling and you might be able to Remove some tariffs tariffs, which is in turn make your product more competitive Okay, also another way to move overseas is to protect your domestic market What you do is you go to the competitor and you will try to weaken your international Competitor by entering their home market and what happened is you put them on the defense now they need to Now they need to defend their market. They may not even move into your foreign market anymore So that's another way to go with that foreign direct investments or to protect your market So what you do is you want what you do is you want to protect your established market in that country So you keep on adding investments in that foreign country because you need to Protect your foreign market because you have a foreign market and the last is you want to acquire technology and manage managerial Know-how maybe you can conduct research and development at lower cost in those countries or maybe hire experience management or employee from competitors Once you are there, you know what the market looks like and those are all positives So this is why you would want to operate or go and make foreign direct investments It's either you buy an existing company overseas or you start your own company Now obviously there are challenges and opportunities to foreign direct investments So we're gonna list some of the challenges and I'm gonna go over each one briefly The first one is financial reporting for foreign operation. You have to follow certain guidance international taxation international income taxation international transfer pricing performance evaluation for foreign operation international auditing and Sustainability report. So we're gonna go well a few listen to my lectures every time I have a list That means I'm gonna go over these lists separately. The first one is financial reporting for foreign operation What does that mean? It means you have to translate and you have to convert your financial Operation into us again. I'm talking us as the home country. So what you have to do Steps in that for an operation is you have to convert from local to us gap So you have to go from the local accounting method to the US method So you have to prepare your financial statement using Using using us gap then you have to translate from local currency to us dollar. Okay So now you have to record our prepared use of local currency what you have to do you have to translate That currency and we're gonna learn more about translation down the road. Those are just I'm just giving you an overview This is the challenges that you're gonna have to have sometime this process is easy Sometimes it's more challenging Sometimes the currency that the foreign country is using it could be the US dollar makes it easier sometime You could be operating in a country where they're using a local currency other than that country itself So it gets a little bit more complicated. Don't worry about this for now We're gonna talk about translation and conversion later on how you convert financial statements how you translate Transactions, so but this is a challenge that you have to deal with another challenge is income international income taxation The question becomes how much do you pay taxes in the local country and how much you pay taxes in your home jurisdiction? For example, if you are a US company that's operating in Ireland, what's gonna happen is You have to pay taxes in Ireland and you have to pay taxes in the US What does that mean? It means you're gonna have you might have double taxation So you're gonna have foreign income taxes Well, when you make a profit in Ireland, you have to pay taxes there Then the US says well, you have to pay taxes on your worldwide income So you have to pay taxes on your foreign based income now bear in mind There are tax treaties that relieve this double taxation and this is where You need experts at your side to make sure you understand when you are moving to a certain country What are the tax consequences or if there's no treaties you might have to pay both taxes But most of the time for the US we do have treaties, but you cannot always count on this So the objective is to legally minimize tax in a foreign country Okay to maximize your cash flow and what happened in most places for example in the US when you buy when you pay Taxes overseas you'll get a foreign tax credit simply put They'll give you credit for the taxes you paid overseas and there are specific rules again There's one whole chapter about this. We'll talk about this later, but this is what we need to know Okay, so you want to have expertise on your side when you are dealing with Taxes actually you have to have expertise even if you're not international even if you are domestic Okay, another issue we have to deal with is international transfer pricing and what is international transfer pricing? It's when one company sells or buy product from a sister company. For example, we are in the US So this is a US company US of a and we have a subsidiary in Ireland and What happened is we're gonna be the subsidiary in Ireland need some sort of a product parts from the US So we manufacture the parts in the US We manufacture the parts in the US and we sell them to the Ireland company and what they do They manufacture the product in Ireland the question becomes how much do we charge? How much do we charge the hour? How much do we charge the Irish company? Well, guess what? Here are the facts. So just give you an example. Just see Why this is important in the real world. Let's assume in Ireland. We have a low Tax rate and in the US we have a high Tax rate So the US company pay high taxes On their profit the Irish the Irish company. They pay low taxes in Ireland. Okay, so what's gonna happen is we're gonna Have to find a way to minimize our taxes. So what does that mean? Well, what do you think should happen here? Well, the US company should sell at low Prices why because for the US company every time they make a sale, they have a revenue and They want to minimize their revenue Okay Generally speaking, they don't want to minimize the revenue But you want to minimize your revenue because you're selling to a sister company to a subsidiary So if you're selling to your subsidiary their cost is lower too So what let's assume you sold on something for a thousand dollar their cost is a thousand dollar their cost becomes a thousand dollar Your revenue to you is a cost to them. But what you want to do You want to sell them at the lowest selling prices Why because you don't want to be taxed too much on this revenue because it's that whatever you sold them It's gonna come back and the Irish company will have to pay taxes with the US as well So what happened is you'd let the taxes be paid in Ireland, which is they have a lower tax rate That's what transfer pricing is in a nutshell Not this is what it is. This is a basic application of it We're gonna have a whole chapter about transfer pricing, but this is what we have to deal with okay So when the issue for international companies made making intercompany sales one company sells the other company uses discretionary transfer pricing discretionary means It's it's what they want to charge each other. Okay price negotiation between buyer and seller may not be feasible due to Not feasible due to tax rate differences. So what's gonna happen is they're gonna have to find the best way to reduce their taxes Okay, so what's gonna happen companies will shift from countries from high tax rate to countries with low tax rate And this is the example of what I'm trying to say here What you do is when you sell to the Irish company you sell them the US company will sell them at a low prices This way they don't have to show a lot of revenue in the US and The Irish company will have low cost low cost means higher profit higher profit means they'll pay more taxes in Ireland because More taxes relative to the more taxes but relative to the US. It's lower taxes because it's a lower tax rate Okay, now bear in mind that countries are aware that companies do so so countries regulate international transfer pricing to ensure Companies pay their fair share of local taxes and again, we'll talk about this topic much more about transfer pricing But this is basically in a sense an introduction or topics that we're gonna be dealing with down the road International transfer pricing is one whole chapter I believe another issue that we have to deal with is performance evaluation of foreign operation What does that mean? It means making sure the units the the foreign Unit the foreign unit is achieving their objective. How do we how do we make sure it's it's it's achieving its objective? We go through evaluation through periodic report on individual unit performance So we just basically evaluate their performance and this is what you learn in managerial accounting. How do we you know? We have to make sure They're meeting their objective in terms of sales in terms of a gross profit return on investments So on and so forth. Okay, so when we have when we are dealing with those type of situation We have to make sure we're aware of the translation from one currency into the other Are we using the euro the euro to to to judge them are we using the US dollar? You know, what about the transfer pricing? Are we using inflated prices on purpose? Are we selling them? Are we selling them parts with high prices on purpose because of transfer pricing? So we have to make sure we take into those We took we take those issues into consideration when we are evaluating the performance of a foreign Foreign operation also there might be some issues you need to that foreign operation International auditing same concept in a sense You want to make sure that the that the that the company is that the foreign subsidiary is following policies and procedures You might have an internal auditing component of them of the management to control the process Basically, you have people inside the company doing internal control making sure they are following companies policies companies procedures You want to make sure the internal internal auditing is uncovering errors inefficiencies and possible fraud and you want to make sure they are Following the FCPA, which is the foreign corruption practice act This is very important in the US. For example, you cannot bribe officials if you are a US company, okay? Some countries, they're okay with this basically some come in some countries I Didn't make some companies. I made some countries They accept the bribes as a form of business if you if you're a US company, that's a violation Of the foreign corrupt practice act. You cannot use it. You cannot use You cannot use bribe to conduct your business now issues faced by internal and external auditors The issues could be numerous if you are if they send you as an external auditor if you're an internal auditor sent from the US It could be different in language Cultures many other things. I mean I will tell you as an auditor as a former auditor Even in the US within the same town you will find differences and challenges when you are conducting an audit So let alone if you go to audit a foreign subsidiary at the language the culture the business customs so on and so forth There's so much so much differences. Okay, also after that differences in accounting standard and auditing standard the way we do accounting in the US It's different the way they we do auditing. It's different. It's not that much different, but there are major differences Okay, also another challenge for direct financial reporting is cross-listing What does cross-listing mean? It means you want to be for example the US company Well, let's assume Apple they can raise money in the US, but let's assume they want to raise money on the in Europe Cack 40 like the or footsie 100 in England what they have to do before you are listed You have to translate your financial statement to whatever regulation that the that the stock Stock exchange would like you to comply with okay, so listen regulation differ from for foreign companies So if you are the US company trying to list your company in Japan, you have to follow their policies and procedures Well, if you're using gap you might you have to use IFRS and some come in some countries They might accept cats some companies you have to convert to IFRS before you list your Your company under exchange Also sustainability reporting or sustainability value report or corporate social responsibilities or corporate responsibility report Those are voluntary report that are required in several countries They may not be required in your home country for example the US for example Information about the environmental impact, which is we are already starting to do so and integrate that information in our annual reports labor practices a product safety innovation depending on the country that you are in For example Product safety is very important in Europe. I know my wife works with Johnson and Johnson and They are much much stricter when it comes to medical devices than the US. So you have to disclose this information In your in your report What could solve all of that not solve but make this much easier is global accounting standard Basically required countries to adopt common set of accounting rules. So if there is only one sets of rules Let's assume an international gap then all countries will follow the same rules This will avoid conversion from one Method to another and it'll be easier to evaluate foreign investment opportunities Because now you don't need to convert and make adjustments before you make a decision If we are all using the same accounting method, then it's easier to evaluate the performance and profitability of a company This is basically a notch in a nutshell foreign direct investments If you have any questions about this recording email me if you're studying for your CPA exam Make sure you study hard if you happen to visit my website for additional lectures, please consider donating. Good luck and study hard


I mean we never give up that is the the really good thing about our team we always compete we always fight and I mean what just we we need few opportunities to do the job and and just we do. Where does that come from the compete the continuing to persevere? I mean we are Yankees always we wanna we got we have a story you know what I mean so we just try to continue we we have a goal so we we want to go to the championship she did the World Series for sure and just we we just prepare mentally right now and try to to win and and be positive I think is the most important for us. You circle the Orioles when you see them on the schedule eight home runs against them already this season. I mean I just just try to do my job I'm coming every every game just try to do my job and and I think I'm just just have a look it I'm just trying to to hit really well and I do. What do you mean by you have a history just because of the Yankee? Yeah for sure we we we have a 27 I mean for sure we won the 28 and and we can be every day I mean I think the the little thing we do right now it helps to us to to go to to the goal.