Hello and welcome to this session in which we will discuss the guaranteed residual value or not guaranteed residual value when it comes to leases specifically we're going to be looking from the less sees perspective the less see is the renter now the first thing we have to understand is what is guaranteed residual value well guaranteed residual value is when the less see guaranteed specific value residual value at the end of the lease term what does that mean it means let's assume you leased an asset for five years one two three four five and you bring back the asset after five years the less sore the owner of the asset is expecting a certain value residual value for example ten thousand dollar for this asset simply put if they want to sell it today you gave it you gave it back to them does it have a ten thousand residual value well if the answer is yes then good you guaranteed the residual value if the answer is it's only worth six thousand and you guaranteed that residual value then you have to came up with the difference from an accounting perspective we have to find out what do we how do we deal with this guaranteed or unguaranteed residual value for two purposes for the purpose of computing the liability of the lease and the purpose of the test 90 test to determine whether the lease is a finance or an operating lease simply put for the 90 percent test why the 90 percent test remember when we have a lease we have to determine whether a lease is an operating lease or a finance lease one one of the test is to do what is to compute the present value of the lease payment to find out if they if they are equal or greater than 90 percent of the fair value of the test so the question is do we include this residual value in the computation of 90 percent that's one thing we have to do then the second thing we have to determine is whether we compute this residual value when we compute the liability so remember when we have an asset whether it's a finance asset or an operating asset remember we debit an asset credit the liability at the commencement of the lease from the less see do we include this residual value and liability and this is what we have to learn in this session so that's why we have to be aware whether the lease is guaranteed or not let's start with unguaranteed well good start with the easy part unguaranteed residual value guess what you don't include in the lease liability so for the lease liability purposes you ignore or the 90 percent test which is the classification test you also ignore simply put if you are not guaranteeing the residual value just it doesn't exist you're not guaranteeing anything you are not in quote responsible for anything to include that thing that number in your computation so that's easy if it's unguaranteed for the less see if it's a guaranteed residual value now we have to know the rules if the that residual value is guaranteed now if it's guaranteed and the expected value and the expected residual value is greater than the guaranteed value remember I said you're guaranteeing $10,000 value for that machinery and you expect you know it's going to be at least 15,000 just you know this if that's the expectation then guess what you follow as if it's an unguaranteed residual value simply put you ignore it you don't have to include it in anything if the expected residual value expected to be less than the guaranteed residual value so you're you are expecting 10 but the guaranteed I'm sorry you are guaranteed in 10 but the expectation it's going to be seven well you're going to have a shortage you're going to have a shortage of $3,000 guess what under those circumstances you would include this 3,000 in the least liability you don't include it at gross amount you will discount the 3,000 the shortage and you would include the shortage in your least liability don't worry we're going to work an example illustrating this concept but those are simply the rules when it comes to when it comes to guaranteed or unguaranteed residual value well let's take a look at an example to illustrate the concept Adam leases a machinery with a fair value of $10,000 from HP manufacturing it's an uncancellable term of 50 month rental payment is $200 per month annuity do it means we're going to go ahead and make the first payment immediately Adam guarantees a residual value of $800 at the end of the lease and Adam believes the residual value to be greater than 800 what does that mean it means we are under those under these circumstances here what do we have to do we don't include we don't include in the lease we don't include in the lease liability why because if we if we think it's going to be worth than $800 then what are we responsible for we're not really responsible for anything because we are we are guaranteed so it's there it's there for estimated economic life of the machinery is 60 month and Adam incremental borrowing rate is 6% which is from a monthly perspective because we are dealing with a monthly payment is 0.5% per month and HP manufacturing implicit rate is unknown so the question becomes compute the present value for the 90% test and to determine the lease liability okay now let's start with the 90% test then we'll determine the lease liability what should be included now before we compute the 90% test and the lease liability most likely you are watching because you are either an accounting student or a CPA candidate looking for some help about this topic great you have arrived let's go a step further go to farhatlectures.com where you can find additional resources lectures multiple choice true false that's going to help you tremendously in your accounting courses and CPA preparation i don't replace your CPA review course i'm only a supplemental material if you have not connected with me on social media connect with me on LinkedIn like this recording share it with other connect with me on instagram facebook twitter and reddit so for the 90% test since the amount is guaranteed since the amount is guaranteed we are going to include the guaranteed value in the test so simply put we're going to take $200 the payment times the present value of the annuity well we have an annuity do here n equal to 50 i equal to 0.5% so this is basically the factor and for the purpose of this exercise i'm not teaching you the time value of money this is only just to show you the computation if you want to learn more about time value of money just go to farhat lectures to my time value to my time value lessons so this is going to give us the present value of the payment and for the 90% test we're going to take the guaranteed residual value times 0.77924 which is n equal to 50 i equal to 0.5% again here we are talking about a single amount 623 together they're going to give us 9497 now if we take 9497 divided by 10 000 that's going to give us 97.93 percentage which is above 90% so for the purpose of 90% we are going to always include the residual value of guaranteed one more time of guaranteed always include whether we are going to be short of it or not short of it for the 90% we included now well how about the liability purpose how do we compute the liability purpose well we're going to take 200 times 44.3635 which is equal to 8873 now notice we ignored the residual value of 800 why because adam believes there is a dual value to be greater than 800 therefore we don't have to worry about it therefore we don't include it in the liability now let's change the scenario a little bit and assume that adam expects the residual value to be 300 rather than greater than 800 well if you notice here 300 is less than 800 now we have a shortage how do we compute the liability for the 90% test we don't change anything how do we compute the liability well we're going to take 200 times the present value of the annuity do plus the shortage the shortage it's $500 times 0.77929 which is the present value of a single amount together will give us the liability of 9263 so notice the liability here is greater than the liability here why because we are guaranteeing an additional $500 in the liability in the amortization schedule so if we look at the amortization schedule we see that when there is when when we are good when the guaranteed is the guaranteed amount is guaranteed or greater the liability is starting at 88 73 and we're gonna go ahead and have 50 payments notices this schedule goes from payment 6 to payment 44 because so I can show you the whole thing on one page versus this liability when the guaranteed we felt we felt short of the liability we felt short of the residual value which we have to add to the liability the liability starting at 9263 it means in the last year we have an additional payment of $500 to bring the liability down to zero so notice we are starting at a greater liability and let's assume when it comes after not 50 years after 50 months for this deal we had to come up with $600 rather than $500 the additional $100 will be technically a loss or an additional expense so basically if that's the case it's not a big deal just it's we were short therefore we have to make up the short it's a form of a loss what should you do now to learn more about residual value for guaranteed or unguaranteed residual value for leases I would suggest you go to farhatlectures.com subscribe or multiple choice through faults and exercises the next session we would look at guaranteed residual value or unguaranteed unguaranteed residual value from the less source perspective whether the less sort is the owner of the asset study hard good luck the CPA exam is worth it your accounting courses are worth it and stay safe


Our world is getting horrifyingly advanced as far as technology goes and as far specifically as AI goes. Everybody obviously knows that things can be just like created things that aren't necessarily real, whether it be like VFX or just like basic photo shops. Now with deep fakes, which are becoming not only increasingly better but increasingly easier and more convincing. Even stuff like live facial tracking with Snapchat filters and the Instagram filters and stuff, it's all getting crazy. And something that's getting really, really crazy is AI produced images. The biggest one right now that's like the most popular amongst the general public is probably this one, which is Dolly Mini. So basically what you do is you, it's an AI model generating images from any prompt. So we just give it a prompt and then it uses the data that it has to create an image on its own. So let's see, let's do something very basic. Red barn with a horse standing beside it. Okay, let's click run. Let's see if this actually works because most of the time, Dolly Mini has too many users on it. Okay, here we go. So now we have different images that this made of a red barn with a horse standing beside it. I mean, this honestly already is extremely impressive to me that it can just take these words that I wrote and make its own image of like, it's not perfect.  It's crazy. It's wacky. It's kooky crazy, bud. Let's see what happens if we just do Crank Game Police. Dolly Mini is not the only AI image generating platform out there. There's a bunch of them that are coming out. The most advanced one, which you have to join a wait list and very few people are getting in, is Dolly E2, which apparently is like horrifying, like just what you can make. And the reason why it's really scary is that one, anybody can just sort of make any image without having like any skills at all. And so things can obviously very easily be faked. But two, it's obviously very, it's very scary for different artists out there. Like specifically when I am thinking of this kind of stuff, I'm thinking of storyboard artists and people who start the process of like a creative collaboration. You know, there's so many people out there that make concept art and things like that. And so this I feel like is the most scary for those kind of people in that field where it's like, okay, we're just trying to come up with a loose concept. You know, why hire somebody when we can just use this AI thing and it spits out an image. This is awful. Oh my God. Look, it's me guys. So bad. But yeah, I feel like it's really scary for like concept artists and storyboard artists and stuff like that. But today we're actually not gonna be looking at Dolly Mini. We are going to be looking at something that is a bit more advanced than Dolly Mini, which is mid-journey. So mid-journey is obviously another AI image generation platform, I guess you could call it. So these are some of the images that I have given it prompts for and it has spat out images. So those were all loose prompts that I gave for all of mine. These are all images that are made with the same thing, but people are just giving it different prompts and you can actually see what they use. So like for this, Japanese high school girl, cool beauty, short hair, sailor suit, anime, clear symmetrical face portrait, dark atmospheric lighting, there's a bunch more tags. This, ultra-realistic photography, close-up shot of a mid-century, myth-green dragon eyes within, with thin yellow pupil. Like these, oh my God, Mr. Bean anime, dark atmospheric lighting, volume metrics, manga style, art station, black and white line art. That is insane. Like this is a little messed up down there where the neck is, but like that's very clearly, Rowan Atkinson, that's Mr. Bean. It's insane that AI made this. Oh, it's incredible. Like the detail is insane. It's so damn cool. Oh my God, Kermit the Frog on the front lines of Normandy on D-Day. And so AI-generated images are something that is a gray area in a lot of different ways because basically the way that it works on a very basic level is that the AI is being fed a ton of information, a ton of information as far as like different photos, different drawings, different blah, blah, blah, blah, blah. So there's a ton of gray area when it comes to this as far as like how these images can be used. Mimika and Mark and Amy went out to dinner last night and we were talking about this specific thing and Amy made a really, really good point, which is like there will be a time where AI makes something that is too similar to something else. We're like, for example, like you give it a prompt and it just spits out like the Mona Lisa because you're just giving it a ton of information. Like that could happen. And so, you know, it's kind of a gray area where it's like, you know, it's taking reference and it's taking images or information from other, so many different images that at some point it could just completely remake something or make something that's close enough to something where it's weird as far as like copyright law goes. But anyway, I'm getting a little bit ahead of myself here. I tweeted shooting prompts at AI to make horrifying slash funny art, gimme prompts. So basically how it works is mid-journey, you access it through Discord and stuff and then you just basically have DMs with the bot. So let's try this Ethan Nester trail cam footage. So we just do slash imagine Ethan Nester trail cam footage. And so what will happen? It'll start generating the image and you can see it sort of update live. So it's only 12% and then the image will get clearer and clearer and clearer. And so as you can see from up here, it'll give you four different variations and then you can make more variations on a specific variation. So it's like, okay, I like this third one a lot, make more variations that are based off of that third image or you can up res or upscale each of these and just get more and more detail. I think it would probably have been more like me if I did crank gameplays because I feel like crank gameplays will have more images than Ethan Nester but we'll see what happens. Okay, so these are the images, which is like weird, like this isn't a real person. These aren't real people, you know? It's so weird. Okay, so V3, let's make it, let's make more of V3. Like, isn't that odd? It's like a weird thing where it's like, I recognize that these are people but these aren't real people. This computer just made these. It's wild dude. It kind of looks like super mega's editor, Justin, nothing but lag. All right, so now we'll take that, we'll up res U2 and it'll make it even bigger. And again, the prompt was only Ethan Nester trail cam footage which is giving very little detail into what it is. And so like the AI does not have a lot to work with but let's go back to some other prompts that you guys gave me and we will get a little bit more stuff. So here's that, gosh. Let's see what we have here. A lot of trail cam footage. I want one that is more detailed. Let's see what this does. It may or may not let me because there's knife and there's certain words that are blocked. So like if I were to do like blood or something like that I think knife will work. Yeah, so minion chasing after you with a knife through the back rooms. So you can't like do blood. You can't do like any like nudity or anything like that. Okay, well, God, just the preview of this is horrifying. I don't like how this one is in the back. Like how the back is facing us. It's so ominous. Okay, here it is. Oh, oh, oh, see that first one. Oh, there's like a tiny man. Damn, that's cool. Okay, let's do, let's do V1. We're gonna let it do another variation and let's look through another prompt to see again. What are everybody saying in the back rooms? What are back rooms? Ooh, this one's pretty good. Dwayne Johnson playing chess with the cookie monster at the DMV. That is fairly detailed. God, here we go. Oh, okay. Let's do that. I'm gonna add some more stuff here. Atmospheric lighting, white tile floors. Cookie crumbs on table. Let's do realism. Yeah, let's see that. Let's see that. That gives it a fair amount of stuff to work with. This is gonna be awful. Look at this though. Yucky. Wait, it looks like he's like on a zoom call with him. What is going on? Oh man. That's the other thing too is I think with specific people probably has a harder time making them. Cause if you just give it like person playing chess with the cookie monster, then it can just kind of make whoever. That's pretty good though, honestly. God. Oh, that first one. Hold on, let's do a V1. God, this is, oh, that bottom one is horrifying. Let's up res the third one. There it is, baby. What else do you got?  Give me something. Give me something real detailed. What is the lighting like? What are the textures like? What art style is it in? Gimme deets. Oh yeah. People are giving deets. Tell us, I'll be ascending to heaven holding hands with the devil with lighting from the TV. Wow. That's good. That's good. Let's see what we got. God. What are some other prompts we got? This one is also really good. Pop art Jesus. That's also good.  What is that last one? There's text. Tell us some driven.  That's horrifying. God.  What does that look like, Tyler? Hold on. Hold on. Up res you too. We're going to up res version two.   This is horrifying. God, and like the upside-down cross candle?  When it was all blurry, it kind of looked like Tyler. This is a dope album cover. Look at the detail though. The detail and the fuzz.   AI made this. That is goddamn wild. OK, we're doing another one. This one could be really good. Gothic Godzilla with blue lightning in the background, but he's wearing a black cowboy hat and in the middle of a stormy desert. Ooh. Ooh, this is cool. This is cool. Let's do the third. Let's do the third. God damn, that's pretty cool though. I like the third the most again. So let's up res number three.  Gothic style. Godzilla with a cowboy hat. This genius. I want to just see how good it can make me. Crank gameplays, staring, white hair, even lighting, small, smile, green sweatshirt. Let's see what it does. I should have given it a style. It's just giving me a sweatshirt. It's just giving me a green sweatshirt. God. This looks like Matt Watson. That looks like Ninja. That's so odd. Let's do V1. Let's see if it'll do no background. It's so weird looking. And V2 actually as well. It's just unsettling. Oh. Oh. Oh. It just looks like Matt Watson. OK, I think of all of these, either one or three resemble me most. Oh, no. Oh, no. These last ones actually could have potential. I think this one is the most like me. Let's up press four. This is weird. It's going to be really weird. Oh. I don't like it.  It's just it's so creepy. Like it looks just enough like me that it's extremely unsettling. You know, where it's like this AI just made a photo of me. Like, ugh, it's super creepy. Super creepy. OK, well, we have to do Pop Art Jesus riding a bicycle at midnight. We just have to. I know I'm doing a bunch of different versions of myself now to just see what it spits out. And it's not fun. It's like it's too good. It's fucked. It's fucked. Dude, they made Jared Leto. This is sick. That's second one. Hold on, let's do a version two. How does it do it?  It's so weird. While Pop Art Jesus gets ready, Justin, the wonderful editor, I don't know who's editing this video, but submitted this. So let's see what mid-journey has for this one. This will be the last prompt, giving it a lot of data. Let's see what happens. God, I'm afraid. There's too much. Oh, I didn't even see drawn by Junji Ito. That's going to be awful. Oh, it might just be Joe Biden. Damn, kind of cool. Kind of dope album cover. God. OK, well, we have to do this, the one on the bottom. Let's see what we get from that, because that one's easily the best. He combined. It kind of looks like JFK, who was turned into a bicycle. Uh-huh, uh-huh. Well, it's number two. We're going to up res, for sure. This is horrifying. Here we go. Yeah. Yeah, it seems about right. All right, friends. Well, I am going to end this here. AI can make some really cool shit, and some really weird things, and some stuff that makes me extremely uncomfortable. But that is the future. Again, mid-journey is private currently. You have to sort of be invited in. And then there's Dolly 2, which is coming out, which is also you have to hop on a waitlist. Dolly Mini, though, the one that I showed you at the beginning, it is free. And it is just on the internet, and anybody can use it as long as there's not too much traffic. But it is horrifying, a little crazy. And I'm not sure if I like it or hate it. So let me know if you like it or hate it. So thank you guys so much for watching. Hope you enjoyed. If you did, make sure to slap that like button right in the face. And I will see you guys in the next video. Love you all. Stay cranky. Bye.


What's up everybody, JZ here for JaspySkatesBricks.com. This helps fill up HTA Pikachu number eight with this 20 team giveaway filler with 2023 Bowman Chrome one pack hobby break number 27. Now guys, 30% off, so instead of paying the full 110, we're giving it to you guys for 75 bucks. 30 spots, everybody's surrounding Team MLB. Remember, we're gonna do a pack, could be something nice, could be, I don't know, it's a hobby pack though. Then at the end, we'll randomize the names and two thirds of you guys, top 20 out of the 30, get a team and you match up from top at the Mariners all the way down to the bottom of the Red Sox guys. So, we'll see who gets those teams later. First, we're gonna do the Dice Roller Randomizer for the list of names and teams for the pack break. We get three and a five, eight times. One, two, three, four, five, six, seven, eight. Brian, Donald Michael, eight times. One, two, three, four, five, six, seven. Tigers on to the Pirates. All right, again, stick to what you got guys, obviously no trading. Let's do the quick hobby pack. Ooh, we got a green, that's something. Green Rochio for the Guardians. Nice, human Guardians, it's going to Tristan. I don't know you know. All right, now let's switch scenes and let's do the giveaway, guys. Remember, for the Mariners, the number one, all the way down to the Red Sox, the number 20. There's the names, let's roll it. Two and a six, eight times, good luck. One, two, three, four, five, six, seven, and eight. All right, so unfortunately, from Matthew on down are not gonna be in, but top 20 are, guys. And all the way to the top is Tristan, there you go, man. So I'm gonna copy and paste the whole list, guys. But unfortunately, only these customers are in the break now. All right, Tristan, you got the Mariners. Eugene Yankees, Tristan, Brockies, Phillies, D-Backs, Rami with the Raves, Twani with the Brewers, Matthew with the Twins, Jose with the Mets, Tristan with the Marlins, Brian with the Raves, Tristan with the Royals, Pirates, Zag of the Angels, Eugene with the Cardinals, D-Mack with the White Sox, Zag of the Astros, Tristan with the Nationals, Cubs with Michael, and then Josh squeezing and getting the Red Sox. So there you go, guys. Thank you guys so much. Again, coming up next is going to be the Break It Off.


Okay, very good morning Monday 12th of July and Congratulations to Italy for winning beating England on penalties last night at the Euros and for England a good run Of course best performance. We've had reaching a major tournament final in 55 years and much to be proud of and if anything through that failure comes all the more greater Motivation determination to just get the job done and move that next step up come the World Cup obviously in literally just a year's time or so so enough said on that and I hope everyone is is Managing to get back to business this morning and actually looking at markets. There's Plenty going on this week in terms of the weekend news flow though. It was very quiet There's a couple of things to get up to speed on from ECB president Christine Lagarde some interesting comments that she made There's also updates on on COVID both the UK lockdown strategy and as well as COVID updates elsewhere in mainland Europe and Australia and also going to talk a little bit about Geopolitics particularly that between the US and China still kind of simmering in the background although not a major market Influence in terms of moving price right now definitely warrants just being vigilant and watching that situation And then for this week, there's a lot going on We've got US inflation data retail sales industrial production Jerome Powell gives his semi-annual testimony and US earning season kicks off this week with the big US bank So plenty for us to talk about but looking at the charts this morning Asia pack stocks generally beginning the week on the on the front foot Nothing spectacular overnight, but mildly positive Conformed to the positive mood generally seen in Chinese markets following the PBOC surprised Reserve requirement ratio cut and triple our cut we had on Friday. I have just a quick look at the S&P 500 We have then as we saw late last week after that really nice recovery Going into Friday session initiated from the overnight Asia pack trading session And we have actually hit fresh all-time highs in the overnight Trade which came literally at the recommencement of trade We've drifted a little bit south from there finding a little bit of support from the previous all-time highs that we were seeing around Tuesday of last week But still remaining very elevated And that comes of course amid some of the slide that we did see in equities Through a brief period the beginning of last week as we saw yields as well seen quite Distinctive movement to the downside, but Friday was actually the first day in several that the yield Appreciation if you like debucked the trend and T notes at the moment bottom right as you can see here Trading basically flat going into this European market open So you can see here the 10 years well off those highs that were seen In the middle of last week when we were trading up above 134 handle when our back down to 133 12 as far as the overnight session is is concerned Currency-wise the Dixie's a touch firmer this morning Nothing massive up about one tenth of one percent just from a technical short-term perspective in euro dollar Just been keeping an eye on this trend line here going back to price movement from the 30th of June had a retest on the 6th of July And back to where we were from late in futures trade on Friday and the overnight Asia pack high was around a similar price point We've just drifted off a little bit as the dollars just picked up pace and through the back end of that session into the European open So nothing really too dramatic here. I'm looking at from a technical perspective at the moment And likewise could really be said for cable Cable again forming a short-term double top from that Friday overnight price activity And just forming a bit of a base here through that range of age pack from one 139 13 down to 138 85 for the moment on a daily chart for cable We're in the kind of bottom side of that inflection point around 140 in sterling futures So sitting pretty mid that range for the time being We'll have a look at some of the UK things that are coming out When we start looking at the calendar for the rest of the week But also looking for another update from PM Johnson of course later on tonight to confirm the final unlocking for the UK economy on the 19th and then elsewhere in the quantity space in terms of gold Just from a technical perspective. I was just marking up a few things this morning and was just looking at this Trendline going back to mid-June and then more short-term from really last week that we've been respecting and Just having a little test down towards DS one here more recently in in gold, which is around that $1800 price point any further decrease beyond that level. I'll be looking at 1795 as an area of more stronger support which would encapsulate as you can see here some of these previous areas of resistance Term support as well And then for crude oil no real major or any OPEC headlines to speak of So after a lot of that toing and fraying of what would happen with that supply agreement deal Things have gone a little bit more quiet on that front As far as oil is concerned. We just ran into a bit of a Short-term top at the recommencement of trade which coincided with around that high that we had printed back on Last Tuesday. We've just drifted down amid some of the renewed dollar strength as Europe has come in so both oil and oil Gold and the major currency pairs all just reacting a little bit to the marginal strengths and the dollar coming in Pivot seed just below around the 74 handle today But again, nothing really technically to Jump out interesting in terms of where we're trading at the moment in oil So let's get straight to it and start talking about the news because there's plenty to Digest for the week ahead as well. I'm starting off with a piece that came out late last night citing commentary from ECB president Christine Lagarde and Days after the ECB have raised its inflation goal to 2% and acknowledged it might overshoot that target Lagarde said that the July 22nd governing council session so 10 days from now Previously expected to be a fairly uneventful uninteresting event. We'll have some quote She said some interesting variations and changes now She expects the ECB's current 1.85 trillion euro bond buying plan to run till quote at least until March 2022 and then that could be followed by a Transition into a new format. She said without elaborating though The other comments of note and she said we would need to be very flexible and not start creating the Anticipations of the exit is needed in the next few weeks and months. So overall, you know, this is it with central bank commentary It's a little bit cryptic in a way the headline Bloomberg are running is a little bit Sensational I think trying to extract out some sort of hawkish element to what she was saying I don't really see it quite like that The bomb buying ending in that way. I don't think it's unsurprising She's talked about as well not starting to create any anticipation of tightening Too rapidly so it's fairly balanced and and the 2% target We already know having had the confirmation on those details last week So I just wanted to cover it. It's definitely not a factor. I think there's influence in the euro this morning But she did appear on Bloomberg TV and Bloomberg themselves then having the exclusivity over that interview I think they're just trying to squeeze the The content of her speech to to make the most of it has would be my interpretation Otherwise moving over to the covert side In a news conference due later today and the PM is widely expected to confirm that mandatory curbs will be Ending as planned on July 19th, including the legal requirement to wear masks in indoor settings He'll also warn that unlocking will drive a new surge in cases He's already kind of started to drip feed that in to the messaging from last week Because you remember as has the newly appointed health secretary CG Javid talking about case rates is going case rate case rates going up as high as a hundred thousand in the summer and so he's Said that it will people must take all responsibility in the coming weeks to help keep infections at manageable levels The UK Reportedly is to reduce the gap between taking the first and second doses of COVID-19 vaccines as well to four weeks from eight You remember originally these were 12 So as they look to accelerate that program those time frames are getting increasingly shorter They're also reportedly planning to require COVID-19 passports for customers to enter bars restaurants and nightclubs According to some of the UK media At the weekend so does come of course of a continued uptick in the infections per day in the UK And definitely will be continuing to monitor this number Also the kind of tail effects of the euro championships having happening in Wembley as you've seen was fully Occupied kind of stadiums back to back to normal We're interested to see how those numbers start to play out as we go further forward over the coming week or two But this number as already mentioned is expected to Triple basically in the in the weeks and and kind of next two months to come So I don't think it would be all that surprising and hence the reason why the pounds relatively controlled But one thing is the hardest number goes then although those the rate given the demographic is much more proportionally Lower than previous for hospitalizations and subsequent deaths Hospitalizations are coming up at this point. So it definitely worth keeping an arm While the UK goes into kind of full unlocking mode so to speak on the flip side and the Dutch PM came out over the weekend and Announced that COVID-19 curbs would be partially reimposed in the Netherlands From Saturday morning due to a surge in infections And they're going to remain those restrictions in place until the 14th of August and then jumping elsewhere Globally, Sydney is bracing for a longer and stricter lockdown having already seen it extended After continued increases and COVID-19 cases as well So now just interesting to see then the difference in government strategy here The UK kind of pushing ahead with this kind of self-coined freedom day Whereas in other pockets around the world with the Delta variant still causing And noticeable upticks in case rates. They're opting for a more cautious approach for the time being From a geopolitical point of view There was few comments that that were fairly interesting over the weekend and one was that China said on Sunday it Resolutely opposes the addition of 23 Chinese entities to the US economic blacklist over issues alleged over human right abuses and and military ties Beijing went on to say that it will quote take Necessary measures to safeguard China's legitimate rights and interests and at the same time we had Other news that came out which was which was basically this and it was talking about the idea that China Their military apparently drove a US warship that illegally entered Chinese waters near the part Parasol Islands on Monday And so again Not that this is particularly new and I wouldn't see this as like a step towards closer towards engagement in any type of way It just goes to show that tensions and friction between these two countries remains and pretty tense at this point in time Otherwise, let's just take a look at the week ahead and got a calendar here But I can talk you through some of the main things and as you can see on Mondays pretty quiet overall And so Tuesday is really where things start to pick up pace a little bit and first off that you can see here is the US Inflation data big week for US data in fact and for inflation On Tuesday it's expected to come in headline reading at 4.9 percent Remember we had that very high 5% reading in May and the core reading is expected to see an uptick to 4% Business executives have continued reporting brisk price increases according to the closely watched survey to we had in the last few weeks From the Institute of Supply Management in those PMI numbers Prices paid by manufacturing firms are rising faster than at any point since the late 70s 1979 at the moment with those paid by services companies rising at levels not seen Since 2008 also reading a few other bank commentary pieces Apparently used car vehicles that continue or set to continue to really elevate inflation prices So continues to place somewhat into one of those transitory Components of the way of which CPI is composed But you know how sticky and how high it was inflation is still going to be key things to to watch at the moment But given some of the yield movement we've had over the course of the last week or so The CPI kind of sting has probably been neutralized a little bit Or be it's still a very important number markets will likely still remain quite sensitive to it Also as well going through into Tuesday night into Wednesday I think it's probably Tuesday night You'll get the prepared text and then he speaks on a Wednesday for the house and then for the Senate on Thursday Is fed chair pow delivering his semi-annual testimony? So you can see that here top one on Wednesday And analysts are ING make a couple of good points They said the Fed made it clear that by moving into an average inflation target They're prepared to allow the economy to run somewhat hotter with inflation Temporary running above target as we've just discussed and is like to continue to do so this week And that's to ensure then that more people feel the benefits of growth So however given the supply side strains in the economy the likely timing of policy tightening is being brought Forward as we know and he may offer power This is clearer hints that a tapering of QE asset purchases will start this year. So Is this meeting a little bit too soon a lot of people had obviously penciled in the Jackson holes in posing Which isn't coming for another five weeks or so until we get a little bit more definitive hints So I'm a little bit on the fence with that I don't think we're gonna get too much from pal on the giveaway with tapering to be honest with you this week And I think he's more likely to just wait See how the market develops between now and Jackson home five weeks time both from a Actually meaningful yield movement like what we saw yesterday to see how markets perceptions are and then also Equipped with more economic data points that would have come in by that point about different pockets of the economy and how We're performing to make that assessment. So powers important I don't think it's going to be a real dead giveaway with more clear hints on tapering personally but definitely the more Specific on that then the more sensitive markets will be obviously in a negative way towards more faster Acceleration to tightening and tapering and then the opposite vice versa firm He starts to push back against the idea of that discussion developing anytime soon The other thing is that we're gonna get you can see here You got UK inflation metrics as well coming out on Wednesday Expected to show an uptick to two point two percent year-on-year for June from the two point one percent in May for the headline Do remember though? I think when it comes to UK inflation the Bank of England has said in its most recent policy meeting Last month that while inflation was likely to exceed three percent It would later fall back and should not affect monetary policy and as such I think that yeah, unless it's spectacularly out of line to the upside. I think just Inline readings point one or two higher I don't think necessarily he's going to create too much of a destabilizing effect for market participants Kind of view around what the Bank of England are going to do with policy They've already kind of bought themselves the wiggle room Saying then in the period ahead. It's likely to go much higher than what it currently is Expected to on this week's print Otherwise on on Wednesday as well You've got the RBNZ meeting Going in overnight into into that day the statement will be published alongside decision No changes expected at this meeting But the statement will be assessed carefully for any hints of a potential hike this year And then you've got the Bank of Canada as well as you can see here in grey They're set to announce another tapering of their QE asset purchases reducing it to two billion per week From three billion having already kind of staggered it down from five billion where it started so Definitely gonna be one to watch there from Canada then going into Thursday And you get the initial jobless claims, of course We'll be tracking those as per usual worth noting that overnight in Asian trade I think we've got trade dates on Tuesday We've got GDP retail sales and the like on Thursday from China in the first quarter of 2021 The Chinese economy expanded by an incredible 18.3% but the unusually high rise of course has been driven predominantly by those low base Effects at the start of 2020 due to the pandemic and in a quarter and quarter terms GDP rose just 0.6% for China, which was far below expectations So data released on Thursday from from China is expected to show retail sales as well growth of 12% on the year and this data Of course in focus just given the surprise cut to the triple R that we had at the end of last week Which often historically kind of precedes then lower data points So the Chinese government in preparation looking to get ahead of the game and add some liquidity to the system And that certainly has helped stabilize things a little bit as far as the overnight session to start this week Has been concerned in in the Far East Elsewhere then going further forward Beyond that point into Friday. You can see here. You've got US retail sales So lots of key data coming out the states this week the consensus view currently expects US retail sales to have been Unchanged in June versus the the 1.3% decline in May auto sales would like to be the culprit of the lackluster report Analysts at Credit Suisse make some interesting observations They said that citing high frequency data that the restaurant spending will continue to have picked up in June as the economy Continues to reopen and leisure and hospitality are the biggest benefactors of that in America But goods consumption is likely to have declined And of course this comes after those stimulus check effects start to fade having had those More show up in retail sales figures in both the beginning of the year and in March as well One potential upside surprise though could come from non-store retailers do remember that Amazon Prime Day Which obviously a big shopping day Was in June instead of the usual July event So something to be aware of and then on Friday. You've also got the BOJ rate decision But not expecting any fireworks there though expected to refrain from any policy adjustments And so keeping rates at minus point 1% and their QQE with your curve control like to be maintained the 10-year JGB or you JGB yield rate of zero percent And then the final thing to mention if I just jump on my Twitter account because I'm sharing some of this Over the weekend is here as you can see US earning season starts kicking off this week And so what are we expecting? Well From a top-level point of view US earning season the S&P 500 is like to report the highest earnings growth in more than 10 years In Q2 remember US GDP is expected to accelerate into the high single-digit teens So that in itself the kind of further unlocking of the economy should see With yields having moved as well higher in those points to be interested to see how how banks have performed over that period During the upcoming week 26 S&P 500 companies reporting that includes four of the major Dowell components And as you can see on this this graphic the key ones we're looking out for in very much a traditional fashion Is nothing really today and then you get JP Morgan On Tuesday before market and then you get Bank of America Wells Fargo City coming out pre-market Wednesday Morgan Stanley Thursday So as I said in typical fashion the US big banks will kick things off and JP and GS first on that list on Tuesday to be aware of And that's pretty much it so I'm gonna leave it there that you guys get on with a day More technical charts and chat will be shared by Tim on the live stream in the Amplify live community So do remember to check that out. Otherwise if you're watching this on YouTube Just remember to hit the like and subscribe button really appreciate it and have a great week ahead. Thanks very much


Welcome back to the 21 convention in 2019 of Warsaw, Poland. Our next speaker is known on YouTube as a Spartan life coach, huge channel with over 100,000 subscribers. I've called him previously and now, YouTube's number one bad boy of psychology. But above and beyond that, he's helped me personally heal from a very traumatic and toxic relationship. This is a man who's not only helped my life and improved it and impacted it, he's probably saved it several times. Without further ado, please let me welcome for his first time to the 21 convention stage Richard Granin. Well done, mate. Thank you very much. Thank you. Gentlemen, it's my first time speaking here and it's my first time speaking within the manosphere. I did not know what to expect. I have received a warm welcome and for that I'm grateful. Other than that, I have noticed in this group here, the IQ standard is a little bit higher than I'm used to dealing with. I can randomly stop any of you and find myself in a conversation about politics, economics, linguistic science and I'm like, okay, I better keep up with these fuckers. So I've changed this speech over the last two days and I've been like, we can dial it up a few notches here. You guys have a problem. It's not a problem that I'm familiar with, but resolving problems is what I do. I work in the field of psychology and I help people to resolve problems and I also am growing as a human being and in my role as a life coach as time goes by. Predominantly I focus on trauma. Yes, it's usually relationship trauma, but resolving trauma is what I do. At this stage in my progression, I have found one of the best ways of resolving trauma is through philosophy. Psychology was always a branch of philosophy. You go to the oldest universities and you'll find the psychology department is a subset of the philosophy department. In my humble opinion, psychology should seek to be scientific, but should never seek to be a science. In fact, it can't. It always fails and makes itself look ridiculous whenever it tries. The solution is philosophy to trauma because when people are traumatized and something bad happens in their lives, they have to rebuild their map of reality and recreate a new narrative that allows that to enter that space. The problems that you guys face and are here to deal with, I think are trauma-rooted, are about a narrative that has become corrupted. The problem is a philosophical and ideological one, and the solution is a philosophical one, which is good news to say to a group of men who like being philosophical, and we don't need to pull away from that. That is, it dares to suggest our natural inclination, sexist Nazi that I am, suggesting that your biology would determine anything about your personality characteristics made the feminatsies throw me straight into gulag as soon as this is over. There is a war on against men. It's couched as a war on masculinity. It isn't. Masculinity is neither here nor there, that's a red herring. Mr. Jack Donovan said yesterday that most of the attacks leveraged against men by the feminists are actually a, he suggested they were a red herring, and he said it's usually reverse psychology. I'm going to, in the first section of this, try and put forward a hypothesis that, yes, it is reverse psychology that they're using, but it's also pure projection. The notion of toxic masculinity is not owned by men.  They are the ones who have become toxically masculine, not us. We have become, unfortunately, we're not off the hook, fragile in our masculinity. They've become toxic in their masculinity. We have become fragile in our masculinity. I'm going to put forward the idea that this is both an actual overt conscious conspiracy.  And I think this is just the way life has gone. I want to offer you a reframe. This is what I do when I'm working with people in psychology and we're working through trauma. I want to give you new ways of thinking. I don't just want to give you new thoughts to think. I want to give you new strategies, new weapons to thinking about this. I want to talk to you about something that most people think they understand, but that is not very well understood at all. It's the principle of yin and yang.  I want to talk about this a little bit because it lacks cultural loading. A lot of our ideas of masculinity and femininity are culture bound. This is not because even for Chinese people, this would not be a natural part of modern day Chinese culture. It's ancient and it's foreign, great. It's safe. It's also a very useful model. Yin is receiving. Yin is holding. Yin is nurturing. Yin is dark. The darkness of a cave, the darkness of a house, the darkness of your bed. We love yin. We're always trying to get back to yin. We winks Freudianly. We're always trying to get back into that space. That's why we have the concept of a man cave, who amongst you does not enjoy going to bed. That is entering yin. When you go into your bed, you're entering yin.  Yang is light. It is that which is. Yin is that which is not yet. It is not. It's often talked about as being chaos. This is a difficult concept in Chinese and Japanese philosophy. It's more the realm of pure potentiality. Women are an empty space, but it's not empty. It's a pregnant space, pregnant with possibility of what might be. Yang is what is. Yang is what has already occurred. Yang is penetration. Yin is receiving. Everybody likes MMA. Everybody likes boxing.  That is yang. He didn't see it coming. He got smacked in the face. He received it. That's yin. If he dodges it, his martial strategy is now yin. If he docks under it and does a double leg takedown on me, he has now reversed into his yang. He is penetrating my space. Oops. What will my solution to that be? What are Brazilian jiu jitsu givers? A yin strategy. I lie on my back and I open my legs. It's not very masculine. However, once he's inside of guard from there, you know the drill. Arm locks, triangle chokes, whatever it is. That's yin and yang manifested. Don't get caught on the idea of women and men. It's yin and yang. All of your organs have yin and yang in them. If you have too much yin or yang in an organ, you'll die. You have yin and yang when you walk. If it's all yang, then what has happened with me is a knee injury. If there's too much muscular tension, then it creates injuries. If there's too much yin, I won't be able to walk because I'll just be flopping everywhere. I dance. I recommend all of you learn. I'm not going to do the how to get goals stuff, but there's two pieces of advice I would give you. Learning to fight and learning to dance both seem to help for reasons that we'll explain somewhere else. My particular thing is bachata. Jack Donovan also mentioned that masculinity is the perimeter. This is exactly Chinese philosophy. Exactly. It is the perimeter. It is a wall or a tower. Who's obsessed with walls and towers? Anthony's favorite man. Walls and towers are masculinity. The home, a house, a cave, a place that you would bring somebody where they're protected, that would be yin. A wall is a boundary. A tower is a means of threat. When we're in this space, and we're talking about the perimeter, I do, it's bachata is a Dominican style. It's kind of like salsa, but it's a little bit closer. It's a bit more sensual. It's a bit slower. My stance for bachata is here. I take the woman around the back and I hold her here. I am yang. I am structure. If I'm good, my form is upright. She dances within my form and my structure. I lead her. When my arm is around her back, this is the perimeter. Because on a busy dance floor, I'm to protect her.  So this, if it's good and the energy is strong, is yang. I must be yang in order to lead. This is all I'm talking about. Very, very simple stuff. Gets a little bit more complex, and this is where it gets relevant to the issues that you guys are facing at the moment. In yin and yang, we have two polarities. My position would be polarity is good. My position would also be polarity is essential, as is integration. We think of the yin and yang symbol and we think of something that is static. That's only because in ancient China, they didn't have gifts. I spoke to a doctor of Chinese philosophy about this two months ago, just a double check.  The yin and yang symbol rolls. When you see it, sometimes you'll see it drawn with arrows around it. Think of it rolling. It's always rolling. It moves. It moves. It's not static. Static is death. It has polarity, but it's integrated. No yang without yin and no yin without yang. Even your genitals are formed that way. There is yin, it's your p-hole, in the yang. There is yang in the yin. That's the clitoris. Allegedly, I read about it on the internet. Anyone of you wanna help me with that, just let me know. It's a totally neutral concept, but it's necessary at all times to appreciate that there must be yin in yang and there must be some yang in the yin, and it needs to integrate. The stage right now is we're trying to kill polarity. We're trying to have everybody meet in the middle. This is doom. Endowism and Confucianism, this was predicted. It is doom. We are doomed.  We're losing integration. We're both separating, so we're refusing to come together. We're separating and we're denying parts of ourselves. Where did this come from? In my humble opinion, this forced, Stalinist, propagandized, brainwashing horseshit of making everything meet in the middle and be androgynous. Why would I try and spell a hard word in public? I should have just written am. Androgynous, is that right? Did I spell it right? You can tell me it's not right. I'm not.  What's happened is both a conscious effort and a byproduct of a fallacy in the human software. We like things. We like beads. We like stuff. We like shiny objects. Somewhere along the line, we can track it historically, began in the 1920s. Edward Bayonets became the godfather of public relations. He's the nephew of Sigmund Freud. He took his uncle's insights into human nature and used them to exploit people to control them, to get them to buy stuff that they didn't need but that they wanted. That was what he was told to do. Said, Edward, we need more money in the system. We need to reap more taxes. These people are buying what they need in America. It was born in America. We need them to buy what they want. How are you gonna do that? And so public relations, advertising and marketing was born. We live in a consumerist society. I'm not gonna get into this whole political thing about capitalism, anti-capitalism. Most people, when they're ranting about capitalism and the effects of capitalism, they mean consumerism. They mean cronyism. They mean corporatism. This is not capitalism. This is corporatism. And it is materialism. The problem with this is you've been encouraged. We've been encouraged deliberately to think of ourselves as individual brands. That's what makes you buy the trainers you bought. What does this say about me? These trainers, what do they say? What does this suit say about me? Is this a cool suit? I don't know. What's it telling you about me? It makes me individualistic. It makes me competitive. When you have a whole bunch of people who are individualistic, materialistic and competitive, you no longer have tribes. You no longer have tribes. Without our tribe, we're fucked.  We're not evolved for that. That's not the animal we are. We evolved for millennia working together in groups under very harsh conditions in low resource environments. Piero touched on this. It's a big problem. People come to me and say, why is everybody so anxious and depressed? I'm like, we'll go outside and look. It's clear why everybody's anxious and depressed. So I think what we actually have right now is a state where we've been forced into yin as consumers.  You are to take what is given to you. You don't choose. You don't have what this gentleman keeps mentioning, agency. Agency is taken away from you. Sovereignty is ripped away from you. And you now have an external locus of control, as they would say in psychology. An externalized locus of control is, daddy or mommy gives it to me. I don't do it for myself. That becomes, that would make you passive and too yin and a bit of a whim, but it wouldn't be toxic. Where it becomes toxic is in the competition, is in the individualism. It becomes toxic because people then grow in entitlement and then they grow in being infantilized. One of the things I wanted to say early on, as I say, I'm new to this sphere and I've seen how men attack men within this sphere.   That's the derogatory term.  That's the derogatory term. Here it's usually beta or blue pill.  You're not an alpha male.   The true derogatory term shouldn't be man, woman, red, blue, alpha, beta. It should be adult, child. Adult, child. The problem we face is not just feminization, that's part of it, but infantilism. We are not, I'm sorry to say this gentlemen and I include myself in this, men, in the sense that they were 100 years ago because we have not been given the opportunity to grow up. And where are the men to show us how to grow up?  I'm not yet a mensch. I'm not yet made a man. Why are there no men? Well, men need men to show them how to be men. It's obvious, right? But they got rid of them. Slowly, it was worked out. If you are a vessel in the Chinese philosophical sense, you're not transmitting, you're receiving. You are what we would call in more Western and Jewish mysticism a cup. Those of you are familiar with it. You'll know about tarot cards. Jung was big on tarot cards. You're a cup in the suit of tarot. A cup is a vessel for blood. It represents the heart. And it's usually associated with the feminine because it's receptive. The sword is associated with men and it's associated with the mind. The sword cuts. The sword makes difficult, painful decisions. The sword represents the surgeon's knife that comes along and says, this is gonna hurt a little bit, but you'll be better afterwards. It's a cynical, male position. The cup, it's much nicer to get cups in a tarot reading. I love cups all day. Cops is like, oh, you're in love. You've been in love. You will be in love. Swords is like, you've got problems.  Don't shy away from it. We have become toxically passive and toxically yin. The cup that is receiving is not clean. What this leads to is hyperfeminization, hyperinfantalization, but it leads to a tendency to ideological possession.  Even as men, if you have the yearning of an empty cup to be filled, you'll fill it with something and it might not be the red pill. It might not be the man's fear. It could be call of duty zombies. Anybody with me on that? Just me, okay. It could be pornography. It could be gambling. It could be cocaine. It could be whatever you want, but you're empty and you're looking to be filled. That's the problem. I'll give you the solution in a moment. It gets worse comrades, much worse than this. This is nothing, nothing. The ideological possession, it rots. It gets worse because, hold in mind everything I said about yin and yang and swords and cups. The sword is the mind. It is that which penetrates. It is yang. It is masculine in its principle. The cup is that which receives and is feminine in principle. Young eventually went crazy. I'm much keener on Freud than I am on young, but there's no doubt the man was a genius. No doubt. What he said was in every man, there is a woman and in every woman, there is a man. In every yang, there is yin. In every yin, there is yang. The woman in the man is called the anima. The man in the woman is called the animus. He said, when the animus and the anima meet, the animus draws his sword of power defensively and she, the anima, ejects her poison of seduction and illusion. Her poison of seduction and illusion. The post-modernists love yang. I don't know how they can deal with what he just said there. The poison of illusion and seduction versus the sword of that which is true and that which is not true, the sword of decision. We all need this. We all need to integrate it. I just spoke of ideological possession which we're all open to because we've become dirty cops. You all got that. There's something called not ideological possession but anima possession, anima possession and animus possession. Freud, Freud young, spoke of it on the individual level. A man who is anima possessed has rejected the feminine inside of himself. She's become externalized. The anima is the soul or the heart, the emotions, the intuition, the softer side. She is rejected and cast out. She comes back and possesses him demonically.  Young didn't use those words. I'm gonna say, hypothesize that this is what's happened to us en masse. We've become anima possessed as a whole, as a group. Culture is anima possessed in men, in men. So we become indecisive, scared of going outside, addicted to the material world, addicted to pleasure, addicted to sensuous pursuits, just addicted to addictions basically.  This is a woman standard with daddy issues. A man who does that is a man standard with mummy issues. So the man in her life was abusive and unpleasant, abandoned her and or exploited her. She rejects the man in herself. She kicks him out, out, out. He comes back through the unconscious and possesses her. Remember when something is possessed or a person is possessed? They become the puppet of that thing that has possessed them. Their strings are being pulled. Anima possessed, spineless, whinging, flaccid, depressed, can't leave the house.  She can't deal with her own masculinity. She can't integrate it. So it gets rejected and comes back toxic. She's now toxic yang. Toxic masculinity is a concept created by women who are traumatized who are animus possessed. Tell me it's not. I dare you.  They loathe being women. They don't wanna dress as women. They don't wanna speak as women. They want to be as men, but not in some dignified noble way. Same way as when anima is possessed.  No, we're wingy, bratty little bitches. What are they when they're possessed? They're angry, aggressive chauvinists. The guy I work with a lot is Sam Vaknam. He's a professor of psychology. He's a diagnosed psychopath, very intelligent guy. And he said he was watching the show Mad Men. I haven't seen it, but he says it's about 1950s American dudes in advertising. He says they're aggressive. They drink. They smoke. They're sexist. And they're hyper-competitive with each other. He said that's the model for the modern woman. That is the model for the modern woman. Now, that is pure animus possession. When Jack Donovan said they're not, what he said was it's reverse psychology is a provocation. I'll take it a step further. It is pure, you all know what projection is. I see something of myself. I can't deal with it. I put it in you. The notion of toxic masculinity was now and was always and only ever can be a manifestation of animus possession projected outward.  Who's a bully? You guys are aggressive. Who's aggressive, sorry? Who's screaming right now?  Yes, somebody has a problem with the opposite sex. Is it us? Somebody hates their daddies. Is it us? Or is it, where's this coming from? So animus possession is also a problem. Being toxified in passivity in this context and being anima possessed leads us to being the worst elements of female power. What are the worst elements of female power? When a woman wants power, she can't get up and headbutt you and I gouge you. So what does she do? You will find victimhood narratives. You will find aggressive whining. You will find exploitative behavior and manipulative behavior. You will find somebody who pits one man against the other, even unto death. You're all familiar with that. I know you guys are. I know the books you've read. Even unto death, there's no moral boundary.  I'm gonna tone it down now.  Because if I have become psychopathic in my animus possession, I don't have moral boundaries. A bit of a downer thing I need to say to you, but I'm gonna give you it and you'll feel better afterwards. Lasty medicine, this situation, gentlemen, I personally believe, and I'm reflecting this back to you because you're intelligent men and I respect you, that most of you are in denial about how bad the situation is. You're all here and you're like, yeah, we're dealing with it. We're looking to situate the solutions. It's worse than you think it is. It's more dangerous than you think it is and it's way more far gone than you think it is. Way more far gone. Don't expect any leniency here. There is none. Don't expect moral boundaries. There is none. That's not what you're facing. This is an infection. It's spreading rapidly and it is not an overstatement to say it is tearing the world apart. I don't deal in politics. I don't deal in economics. I deal in psychology. And all day, every day, I see people on the verge of suicide because of this. In some form or other, usually it'll come through abusive relationships, but also it's, I can't live with myself.  I want to be dead. And it's happening in rates that we've never seen before. Maybe a little thing that I looked at recently, occasionally I go through and I read the published research. I try and avoid it as much as possible because it's depressing. In the United Kingdom, nine to 14 year olds who attend the emergency care unit with body dysmorphia, bulimia and anorexia has quadrupled in the last four years. I claim we have never loathed ourselves more. Never. We've never hated ourselves more. This whole of social media effect, the way modern culture is going, the dissolution of the nuclear family, the loss of our tribes.  It's not true. It's toxic. It's poisoned. It's a dark reality tunnel. So there's the light at the end of the tunnel for you. It's not real, but it's a powerful illusion. What did Jung say? When animus meets anima, he, the animus draws his sword of power. She ejects defensively. The poison of illusion and seduction.  That is the anima manifested. It's one of the sources of the anima. It's poison. It's illusion. It's seduction. And it will hurt you. It will hurt you. The thing that I wanted to say is that was like to wrap that particular thing up of telling you something that's not very nice is as men seeking rather to, rather than trying to find our masculinity and our manhood, but to grow up as adults is the following. Nobody is coming to save you. 21 con can't save you. I can't save you.  And it's good for you to hear that. It's good for you to hear that.  Most cultures have this. Survive on your own for five to 10 days. Out, away from the tribe.  I can't give it to you. This even is you're receiving my words. This is Yin. You're in a passive state, right? This is Yin.  No con. No con can. No con can. It's not possible. There isn't a content who is alive who could do that job for you. You can yourself, but it's gonna hurt every initiation process does. When you are in the depths of despair, don't try and think, oh, I'll get out of this. You'll actually get more from, and this is like a stoic or Zen approach thinking nobody's coming to save me. Why will you get more from that? Nietzsche said, hope, in fact, is the most evil of all things because it prolongs the torments of man. Hope is the most evil of all things because it prolongs the torments of man.  Because when you give up hope, you act. Hoping is toxic Yin. Someone's coming. Obama's coming. Trump's coming.  If we don't fix this, nobody's gonna fix it. That's it. That's the correct way to live because even if that's insane and we're all delusional, we all go, oh yeah, that makes sense.  You know what it does? It internalizes your locus of control. It puts you back in the driving seat. We're all used to it. We're all used to being passengers. This is watch TV, man.  Watch Netflix, man. Any of you who is watching more than an hour of TV a day or consuming more than an hour of social media a day, you are a wank sock for culture.   I don't know why people laughing. That'll be the T-shirt. The Spartan Life Coach said we were a wank sock for culture. Are we paid for this? It's bad. It's bad, but the Spartan approach was kind of like a zen and a stoic approach. And this is what men can offer the world. Men, not boys. Men, a sense of humor. Sense of humor is something that will protect you. That's your shield. Your reason is the sword, is the analysis.  That's how you move forward. That's how I want you to approach this problem. Don't be voyeurs. Don't watch your life.  They're reaping your endorphins. They're reaping your serotonin and they know what they're doing and you are in a chilled out state when you're looking at it. You're like, oh, this is cool. Follow that hashtag. Follow this hashtag. Look at this, look at that. They know what they're doing and they're drilling you back into a state of toxic passivity, of toxic yin, and you can't live there. It will also train you to be reaction seeking. That is childish and it is feminine.  Which guys do now? Or they're in front of the mirror in the gym.  Are you a woman or a man? Are you a beautiful object for me to pursue? Or are you the pursuer?  You're one thing or the other. I have a few things I gotta work out myself. I might see Anthony afterwards coaching. It makes you reaction seeking and it will have the following effect. I don't know what the science is of this, but I watched Anthony's interview with the Elliot Hulse and two things struck me. One thing that Elliot Hulse had said elsewhere and one thing that came up in the conversation that the yin and the feminine is more to do with the material world and it's to do with pleasure.  That's not the route to masculinity. That's not the route to adulthood. That's not the route to enlightenment. It's not good. It's not good for you. And Elliot said this elsewhere and I think it's related. It probably lowers testosterone and probably increases estrogen because you're giving messages to your body. I'm not really a man. I like sitting around and eating cookies and jagging out.  There's some estrogen for you.  Hmm, I wonder why. Elliot said, and I don't know if it's true or false, but he said that in, I imagine it is, in the military and in prisons, guys get jacked. Now, okay, there's fear as well.  So they're going to train harder. I know guys who went to prison and they're like twice a day training so that didn't happen to them. But I think it's more than that. Being surrounded by men, acting in a manly way, in a competitive environment, it's probably good. It's probably going to raise your testosterone a little bit and psychologically it's good for you. Here's my humble opinion, not based on psychology but based on what I've observed. When I was a kid, I was quite a smart kid and I went to a private school because I'm privileged like that and I was lucky and they got hold of me and they said, you could go to Oxford.  I didn't have, I wasn't raised in an environment that was particularly promoting of any sort of sense of self-worth. My father is not a very nice man who's not long out of prison and he basically wasn't around. So I didn't do it. What I did as an act of rebellion was I went and did nightclub security.   Yay! I actually got caught by one of my teachers from school.   I was like, fuck, I turned 14.   But I liked it.  And here's my theory about men coming together and I'd like to see more of this in the manosphere. I enjoyed it because of the camaraderie. We were a group of men and we had a job to do. We had enemies.  We give each other nicknames and we laughed a lot. I remember, there was a lot of laughing. There was a lot of pissing rounds. There was a lot of silliness. I think that's how we are. I think that's how we deal with stress. I think back in our natural environment, you would face death, torture, lol.  From what I've seen, this, it's not my sphere but it needs more of that because that to me is natural masculinity. That's not that you're silly.   And that's okay.  What is the point of all this? Why are you arguing about who would win in a fight? Mike Tyson with one arm behind his back or Bruce Lee high on PCP? Bruce.   That's a fun thing to argue about, right?  It's natural for us to be that way. And we can be men and we can be initiates and we can be adults and still retain that joy. That is integrated yin to me. So it's in your heart. The heart becomes a clean cup, a clean vessel through which blood can flow. That's laughter. That is also love. That is bonding. It's the one word I haven't heard used much yet. Here is love. Love. What we are trying to get back to is love. Love for ourselves, love for each other and love for women. I think you all love women. I haven't heard much.  Nope, not one, not one person. It's a good thing. Embrace that. So I said I'd offer you a solution. We have a philosophical problem and I want a philosophical solution and my philosophical solution is really simple. It's stop being yin and consuming and receiving and start being yang and transmitting. Your perimeter, your protective boundary, your way of saying no with yang masculinity is to develop a moral philosophy. A moral philosophy that is based on your values.  You've had speakers on here, put them up on the screen. Be like, it's courage, it's honor, it's truth. Or for me, it might be independence, sovereignty, creativity, whatever it is, but you should then have those values and live in accordance with them. You must develop a moral philosophy as men. You must. That is what men have always done.  It doesn't matter whether it is or it isn't. It's what we can do. We like it. Develop a moral philosophy and live by it. Share it with people. That's cool. One of the things that you should do as well beyond just figuring out what your value system is, is actually try and answer some of life's questions. What is good? What is evil? What is the right way to live? I don't know how many. I imagine you guys in here have probably given more thought to that than most, but go further, do more, journal it more, go deeper, whoever your favorite philosophers are, read, exchange ideas with friends, develop a moral philosophy. It will give you all the protection, all the boundaries you need, and all of your solutions to life's challenges right there. Don't look for somebody else to give it to you. That's yours. That's yours and it needs to be alive and it's unique to you as unique as your thumbprint. So you keep a hold of that. And I believe that's an expression of good, healthy, noble, yang energy, is to develop a moral philosophy and then live by it. There's a guy called Jocko Willink. Most of you will know him. He wrote a book called Extreme Ownership. And I love reading the comments on YouTube whenever he talks about his extreme ownership. People are like, but what about when this happened and that happened to me and I can't own that? And he's saying, he hasn't said it like this, but this is what I would tell him to say. It's a philosophical thing to be used. It's a philosophical weapon. Assume that you're responsible for everything. Of course you're not. Only a crazy person, that's like a God complex if you think you're responsible for everything. But what's your choice? This is the point he makes in the book. As a SEAL team commander, he can either go, well, it's his fault he didn't clean his rifle or he can go, yep, no, we fucked up, we'll fix it, I'm in charge.  You want an internalized locus of control. You want to reclaim your agency. You want to reclaim your independence and your sovereignty. And there's only one way to do that. And that means owning everything. Extreme ownership, everything. No more excuses, boys.  That's an idea, it's a concept, it's out there in the matrix. The only thing you have is here and now. This is what you control, your personal space.   They've tried to trick you and make you think that you can't. The whole idea, the guy asked me this, a client of mine said, how do I become a man? You're 56 years old, Brazilian dude. How do I become a man?  But what do you mean? What does that mean? You can tuck it between your legs, waddle around, but it's still there.  The problem is that we are brainwashed and propagandized to that the essence of what we are is sinful, sinful. This is the new extreme absolutist religion. You are born in sin with your little winky. Didn't get a choice, but there it is. That is your fault and it's unacceptable. What you want, unacceptable.  That's what it's become. I talked to young men now and they spoke to a 26 year old the other day and it was like, so when you meet a girl and you like her, you tell her, you think she's attractive? And I'm like, yeah. He's like, isn't that creepy?  I was gonna tell her. Honesty and transparency is something that Steve mentioned. And he comes back to it again and again. That's masculine because I'm not hiding. I'm honest, I'm transparent. What's wrong? There's nothing wrong with what I'm trying to do.  Just be the animal that you are. That's nature. Then you're not in denial of your nature. The last thing I'm gonna leave you with and then I'm gonna take a couple of questions is a concept I use in my own life. You know, I deal with people who've been the victims of narcissists and psychopaths and megalomaniacs. A megalomaniac is somebody who believes that they're the center of the world and there can be only one and that they have to be in charge of everything. And everybody that doesn't agree with that has committed a sin against the church of me. Naming no names. Sorry? No, anyway. I don't want to get sued. So sometimes when I'm looking at that stuff, I'm looking at the personality disorders and I'm looking at the traits because my background was in martial arts first. That was my thing. I love martial arts since I was a kid. Spartan life coach grew out of a 10 year long project called Street Fight Secrets. And one of my heroes, as most people are into martial arts is Bruce Lee. And he said, absorb what is useful and ignore the rest. So I take from everything. I take from everywhere. I'm constantly stealing ideas. And I look at psychopaths and I look at narcissists and I'm like, you know, they get some things right. The grandiosity of an idea can be really, really useful. Megalomania with an idea can be useful. I don't think I would have gotten as far as I have done in this field without really grandiose ideas. My intent when I started Spartan life coach was to change the face of psychotherapy forever.  I've only got a degree in psychology. I'm not a professor. I don't have a PhD.  I was like, no, I want to change the face of psychology forever, why not? Same thing with their Street Fight Secrets. The idea of that was to change the way people did self defense forever. The movement there was away from physical techniques to emotional and psychological techniques. If any of you have been in a fight, you'll know it's not a very pleasant experience.   Ah!  So I would be like, okay, let's start with the emotion and psychology of it. The grandiose idea I want to share with you is this. You should seek to bend reality to your will. Whatever it is that you want, seek to bend reality to your will. Don't wait for it to happen.  Make it happen or die trying. Samurai resolve.  Ha ha ha ha ha ha! This is the correct modality for getting things done. Grandiosity and megalomania are not always bad things. If you want to get something done in the world, that should be your attitude. Any of you guys ever watch C.T. Fletcher? The bodybuilder dude? You should watch him. When he trains, he's like, he talks, he's not. Trains is biceps. He goes, grow! Grow! You are my slave! I'm like, damn!  But that's his mindset. You will obey me. And he, with that voice and that intensity, is like, you are my flesh! I own you! You will grow!  You kind of have to be crazy to do it. Seek to bend reality to your will.   Make it work. It doesn't work. It doesn't. None of it works.  Another, from the strength training world, there was a guy online called Jason Ferusia who's a strength coach and people are hammering him for programs. How do I get my squat better? How do I do this? How do I do that?  If you get stronger or you don't, that's your responsibility. Second of all, pick any program at random and follow it. They all work. Stop with the dogma. The only thing that you're doing is progressive overload over time. You know, change the rep brains, change the speed. So it doesn't matter, do something, but do something.  You won't be as half-hearted. You won't be as shy. You won't be as nervous. Sometimes you've got to go all in and this, the passive yin training, the propaganda, the brainwashing and saying, don't do that, it's dangerous. Just be nice, okay? Just negotiate, just crowdfund it. I don't know, like create a hashtag on social media.   The nutters, Elon Musk, nuts.  That's not a psychological term, by the way. Can we cut that from the YouTube?   In the end, it comes down to your intent. I was talking before about doing the dancing. I wasn't joking about that. I recommend it. I don't do the how to get gold stuff, but if you learn how to dance and you get good, that won't be an issue in your lives. How to die. Why? Steve was saying the other day about what he tries to get from women. It was think, react, blush, smile, laugh, dance. Get hold of the goal and you know what you're doing. You can tell jokes with your body. You can tell jokes, it's crazy. It takes time. You've got to give it like two years or so before you get to that level but you will never be online. How do I get goals?  Go to these dances. Butchata's a great one. It's upbeat, it's cheerful. The lyrics are all about love. It's passionate and it's fun. And it tends to make people laugh and smile and react. I advise it. But when I am sharing with other people how to be a good dancer, because technically I don't know that much stuff, they'll be like, why do the goals always want to dance with you? And I'll say, because I'm not trying to do anything other than get them to, I'll always be like, I want it to smile and I want it to laugh. The think, react and blush is perfect. My intent is all that counts. When it comes to the martial arts, it's your intent that counts.  What did the samurai do?  You know, the Wim Hof method, dousing yourself in cold water and all of that shit, the samurai would do it for centuries. They would do it for centuries to build an iron will. There was a cult of building iron will that's more than 100 years old now. And people don't talk about it because it's not bon temps, it's not of the now. But if you want to get anything done in your lives, you'll be well advised to focus on building your intent and building your will.  I'm going to stop there and we'll take some questions. Thank you, gentlemen. Bravo, bravo, bravo, cool edge for all of you. And if you've got any questions, if you could make them one sentence long and end in a question mark, that would be helpful. Anybody at all? Yeah, there's a gentleman over there. Hey, I just have a question about the necessity for men to maintain that moral compass in spite of all this. So, that being said, if guys still need to maintain that moral compass and live by those principles, you're still dealing with women who are immoral, do not have a desire or an obligation to do that whatsoever. Isn't that sort of a David versus Goliath conflict in the sense that they have no restrictions in warfare and your one hand or both hands tied behind your back? What day is it today, Saturday? I love the fact that it's a Saturday afternoon and you have asked me a question that they were asking in ancient Greece 4,000 years ago, the best philosophers. It's a beautiful question. I don't have an answer for you, but I'd love to sit there, have a drink with you and talk about it. That's the point. You get to figure it out, I get to figure it out, you'll do it your way, I'll do it my way. Why should we behave with morality when we're dealing with an immoral person? Should we? Are there incidences where we should abandon morality? I think yes. What I actually said, I didn't use the term moral compass, you heard that. What I said is develop a moral philosophy.  I just demand that as a man you have one, that you have a good philosophical reason for everything that you do. If I catch you doing something, I want to know why you're doing it. Steve mentioned that as well. Have a good philosophical reason for what you're doing. So you mentioned goals. I don't know why you would mention goals straight away. So what are you here for? The ladies I take up. If you're dealing with a woman and you see that she's being immoral, yeah, you're gonna have to ask yourself that question. Why are you dealing with somebody who's being immoral? Once you've detected her immorality, what are you looking for? Are you trying to work around her corruption if we're gonna use the moralistic language?  I presume, and this is just philosophy. I'm just philosophizing with you. Because I presume you have an intent and I presume that your intent involves wearing less clothes than more. Now, should you use manipulative tactics or not, I wouldn't give you any shuds. I'm not Jordan Peterson, despite the fact of the suit and the Jungian stuff. So I don't have a moral system for you. I just demand that you have one because afterwards, I don't want you coming to me in despair. I don't want you coming to any psychologist in despair and you won't.  I really wanted to sleep with her. I knew she probably had a personality disorder.  You won't be in despair, you'll just hurt. You might even be able to laugh about it because that would be your choice. It's your behavior I'm concerned with. I'm not, there's no point, boys, in being concerned with what culture's doing, with what women are doing, like, you can't control that. But this you can control. If you have a robust moral system, you'll survive it. My general recommendation though would be that particular goal you're talking about, just leave it alone. Yeah, yeah, it's really hard to win. And I have advised elsewhere, like if people are surviving toxic relationships, I would usually advise, you can afford to abandon morality with somebody who's a total moral degenerate and you're now in self-protection mode. Somebody said about, Pierre who said about self-defense and in the UK, the law's being quite strict. It seems that way and most people who are in Britain believe that it is. It's actually very, very loose. If in the United Kingdom, if somebody breaks into your house and you believe that you're under threat, the law, the last judgment was, it is not down to the individual citizen to way to a nicety that which needs to be done. So we were asked the question, can I, I gouge him? Yes, can I blind him for life? Yes, can I crack his spine? Yes, can I bite his throat out? Yes, yes, yes, yes. If I find something and pick it up, anything. As long as it is justified within the law. But it's good for everybody to know that.  If you're in self-protection mode, you do whatever you need to, my friend. But in that scenario, don't cherry pick.   They've been training since they were kids. Their black belts were white belts. You'll be fucked. Does that help? Any other questions, gentlemen? Is there a gentleman at the back? Say the thing about me being phenomenal again, it's good for my... I'm very fragile. The straightforward question, yin, yang, taho. Is there a book you'd recommend? Yeah, for an introduction, perhaps. If a gentleman was interested. See, when I was a kid, I was raised in a very chaotic household and I was looking for psychology, philosophy, and magic, and even then psychedelics to escape the drama. So at age 10, I had learned the I Ching. So the Chinese tarot, I'd learned it. I could cast your coins and read them. No 10-year-old should know that. And that's like, I'm not proud of that because that's born of, that's trauma. That's just like, and by the way, yang talks about this. If a man becomes anima-possessed, because the anima, which I totally have lived most of my life, anima-possessed, because the anima exists outside of time, says yang, little boys will show up as wise old men, that was me, and men will show up as little boys. So that's, go on. I grew up with a mother that I had who basically emotionally managed from a very young age. So I mean, I can relate to this quite closely. I have an I Ching myself, it's not... That's nourishing this correspondence. But yeah, continue, I just want to say that. I know what you mean, though. Like that you just summarized what my childhood quite doesn't like, so. I think a lot of people here would have come from trauma. Who's the Polish gentleman I was chatting to last night? We shared a cigar. I spoke to you, but we're outside. I can't see him right now. We were talking about the necessity for pain. And this is a concept from Buddhism. Like pain breaks the consciousness open. So you're drawn to excel. Most of the people in this room have excelled beyond the means of their tribe, whether it's becoming an amazing opera singer or going out and living, learning how to live with no food in the woods, whatever it is, there's excellence here, rooted in trauma, rooted in something.  People who leave their countries of origin when they're still in their formative years, up to the age of 21, develop like a different mindset, a different view of the world.  They become seekers of truth and they become levers. They leave culture. They leave culture. They go, no, culture's not my friend.  So the books that I learned, I literally learned from the I Ching with this stuff. And I was reading the tarot cards by the time I was 15. So I went to the source. A lot of the books that interpret them, I personally find it frustrating. There's a nuance and an authenticity that an interpretation will always strip out. And you will, like people go against what I've just said. They'll be like, well, fundamentally Yin is women and fundamentally Yang is men. But people who really understand Chinese philosophy get really frustrated with that. So young actually, there are books by young that might be worth looking at. But I would just say, read the I Ching. That's all right then. Cool, thank you. Yes, sir? In regards to anima and animus, you talked about how to heal anima, right? For guys. So do the young. Do they take your sword of clarity? Yes, and integrate the feminine. So I probably didn't push that point enough. Anima needs integrating. So we can't just be yang, yang, yang all the time. You know, the theory does like conspiracy theories about why Bruce Lee died. Some people said it was actually, he was sharing too much with the Guiloh so they death-touched him. Some people I know who are high-level Qigong practitioners said this thing of him smoking and then he got a brain aneurysm. They said it was actually the Qigong. Bruce Lee was ripped.  There's a technique you can do that just develops muscles by hard chi. But the Qigong master would be like, every time you do hard chi workouts, you need to do soft chi three times as much. Soft chi is the stuff you used to with the Tai Chi movement to balance the yin and the yang. We've got to be balanced and integrated. There's a woman in you, the anima, the soul, the spirit. When you see a charity advert with a puppy in the rain and it's got no home and you cry, that's beautiful, that's a good thing.   And therefore, I can do anything to you as a woman.   There must be a reclaiming of intimacy. There's no love without vulnerability and there's no vulnerability without intimacy. As men, we become frightened of that. Why? Because we got hurt in that space. Why? Animus possession.    Okay, but now there's no love because you're not open. So it's, yes, reclaim the yang in a noble way as the Yi Qing would say it's to be the superior man, the manifestation of Taoism and Confucianism and to be just, to be fair, to be morally righteous, but you've also got to claim the yin. You've also got to claim your anima, your feminine side as well. That's all the time we have. Give it up for Richard Grannon. Thank you. Thank you.