Hey, Bola Buddies, this one's coming from my light box. The reason is because... Hey, Bola Buddies, thanks for watching. It's from my little pony. Amazing, right? All right, let's get started. Hey, Bola Buddies, thanks for watching. All right, I'm getting ready to prep for my next whatnot and I just had to do this unboxing or unbagging real quick. I ran out of battery at the Goodwill Benz and they were bringing out some new Benz and I couldn't leave. So I didn't find too much. So I grabbed this Paw Patrol bag and just shoved everything in it and checked out real quick and was on my way. I didn't spend very much money, but I think I'm gonna make some money on this stuff. So I'm super excited. Let's check out and see what I got. I found this incredible piece right here. It's Mary Englebright. It says books fall open, you fall in. And it was like a poster and it says Mary drew this piece of art for display in the St. Louis Public Library. So very, very cool piece in my opinion. I watched a video by Got Junk in Our Trunk where she talks about posters from libraries. This one's laminated, hers were actual posters, but this is also Mary Englebright. So I'm hoping this is gonna be something good, but it may be mass produced. I have no idea at this point. So I'm gonna look it up after the video and get it listed. I don't have a whole lot in this bag, but I did find a few things. I was only in there a few minutes. Like I said, this was, I went back in and just grabbed a few things. I did see this sitting there. Now, this is not super old. Let's see. Don't, I thought I saw one that was dated. It's a size medium, 10 to 12. Boy Scouts, really old Boy Scouts can do fantastic. This is Girl Scouts. 2,000 and three, three, three. I thought I saw a four, 2004. So yeah, I mean, there's some cute patches on here. I'm just gonna put it up for auction and see if I can get any bites on it.  My Goodwill Benz is $1.89 a pound. So we're just gonna reach our hand in and see what we pull out next. We have a Barbie. And the reason I grabbed this Barbie is I think I have sold her before. I think she's the Halloween Barbie. I don't know, I might lot her with something else but she has all of her, she's got her hat, her necklace, her boots. So her hair is a little messy, but not too bad. I found an ornament and it says our first Christmas together and it is two little foxes. Foxes, foxies, foxes. I don't know what you call them. I don't know what the plural of fox is, foxes. And actually this was laying in the bin and then I found the box. So it's dated 1990. So somebody who started dating or got married or had their first Christmas together in 1990 may want this ornament. They could lose it or they could just want it. I'll tell you what I spent in a minute. All right, we've got this one and I'm trying to think what these are from. I think they're from a Disney movie. However, these are not marked at all. So I, unless that's a marking, I think that's just supposed to be like a rip in a shirt but I can't find anything on them. Nothing, nothing. So I'm gonna use Google Lens to see if I can figure out who they are but they may just be something generic there. I did grab her, she is a, is she monster high? I think she's monster high. I've done pretty well with monster high. A lot of times I will lot them but they do pretty good on mercury. So I'll do them as singles over there. I had a big lot on mercury and everybody kept asking me to split them up. So I did and I sold a lot of them individually. So even if they have messy hair, they still will sell. And I got this and she still smells a little bit but I did look up comps. They weren't like anything crazy good but here's the thing. She still has this thing in her hair. She's got these poofy things around her feet. Another bow here, a bow here. So she's got some accessories with her. I thought it was stained but when I looked on eBay at comps the other ones were like this also. Does need a good wipe down. It's from 2007 Playmates Toys and I believe it's from Strawberry Shortcake. So pretty cute little pony right there. I think I can do okay with that. I did grab this spoon. I have no idea why. I just thought it was cute. Let's see what it says on the back. It says stainless Japan. So it's a little vintage spoon, baby spoon I would say. I got this Bratz doll. Anytime I see Bratz I pick up Bratz. I don't know if her lipstick has come off or if it's supposed to look like her lips are outlined with lip gloss. Her hand is chewed up so that's no good but that's okay because people will buy these for replacement parts and of course she has no legs but I have sold these before and they do still sell. She is from 2001 so her head and hair I don't know if she's had a haircut or not. She looks, I mean her makeup looks pretty good so I may, you know, I could just sell her head or her arm or maybe I'll just sell her as is. These were kind of fun. They're SpongeBob little shooter things. So this goes down in here and you push a button on the back and they shoot.  So gotta look those up. Here's another thing that I picked up because I've got junk in our trunk. She recently sold Yuck. Oh, it's probably doll hair.  I'm pretty sure of their vintage. They say night out, America's night out against crime, national night out. So I got, I think that might be it. I just grabbed all of them that I saw. So those, I don't know if I'll sell them individually and a lot, I'm gonna see if I can find any comps at all but they don't weigh much. Hey, it's Rhonda with Got Junk in Our Trunk and this is your by love for today. My daughter Samantha and I went on a girls trip to Mountain View, Arkansas in early fall. And as we were going through, we were stopping at some of the thrift stores on the way. Little country ones, mom and pop type of things. Once we got to Mountain View, we actually found two yard sales on that Saturday. So one of them that we went to was a rural one and she had a little pile of these type of items. And I asked her how much she wanted and she said free. Well, there's nothing like a free Oscar Mayer Weiner whistle. You will see these when the mobile comes through the Oscar Mayer mobile, I think is what they call it. It comes through and they do demos and different things like that and tell about the history of Oscar Mayer company. And they give these little whistles out. You blow in the end here and of course it's a whistle. It's actually a whistle. Kids used to love to get things like this. There are all different ones. This one's one that's on top of what it looks like a skateboard, but this is actually what the Weiner whistle looks or the Weiner mobile looks like the whistle or the whistle looks like it. They look like each other. I got eight of these free. Now I have to look at my notes to remember how I sold these. I listed the first one for 11.99. I always add shipping on everything. I listed these on eBay, cross listed it to a couple of different platforms including Etsy because these were actually vintage ones. She housed the Weiner mobile in her yard and she had some of these left over and this was from like 25, 30 years ago or something like that, she said. I don't know, but I do know that these are vintage. I sold the first one for 11.99. I sold the second one and the third one for 11.99 and I decided to raise the price. I raised it to 15.99 and ended up selling two of those. All of these at that time had sold on Etsy. So I pulled them off of eBay. Nobody was doing anything over there and I decided to just leave them on Etsy because I knew that I could get a little bit more for them on Etsy because it was a vintage platform. I raised it to 18.99, sold one. I raised it to 19.99 and sold one. This is the last one that's going out. I sold it for 29.99 plus shipping. That's your Bella for today. Look for the Weiner Whistle. I'm always grabbing Legos. If it says Lego, I grab it. I don't care if it doesn't have, I don't know what this goes to have no clue but I'm gonna grab it if it's a Lego. So I got some Legos. This, I knew right away what it was. I have sold these before. This is a Paw Patrol replacement seat for the big, oh, what's it called, a semi truck. So I can sell that as a replacement part for sure. I found this little guy. He's pretty cool. Some of these color change. I don't think this is a color changer but I've never seen this one with the little thing on the side and it's still intact. It is Mattel Disney Pixar. I was hoping to see a date but I don't see a date. So I will use Google Lens to figure out which car this is. I just love the color of it and I just, I don't know, I like that one. All right, let's see what else we have here.  I'm gonna lock those up here as another car. So depending on what these comp out at to get separately and if they don't comp out well, I may put those two together. Here is more Lego. Don't know, don't care, it's a Lego. I will just throw it in a tote and a lot of times like I'll need replacement parts. I don't know what this hand goes to. It goes to something. Let's see, here's another part of a Lego body. This little guy right here is, I don't know, but somebody was trying to charge a dollar for it. I'll be able to take that off and be able to read maybe who it is, but I can't remember what Cyclops. But this goes to a game and I have some lists that I got them from Donna Telebotilino's YouTube auction and I've sold some of them and then I have a big lot of them listed but I can't think off the top of my head right now what they're called. If you guys are looking for inventory, check out Donna Telebotilino and auctions for you, their YouTube channel. I will have it linked in the description. I have no idea what this is. I thought maybe it was like a transformer thing but it feels really cheap and there's no markings. So this may be a, we'll see. I got a Lego man, he's cool. Nice, nice. I can look him up. A body. I think this might be Treasure X. Don't quote me on that. Is this Ryan's place maybe? Not sure. Have to use Google lens. Oh, I wonder if he goes, does he go with these guys? He might, he might cause he feels the same and he's not large. I'm glad I grabbed that. Oh, here's another car. So we'll probably put Rusty with these three and I know it's Rusty's because it says it. Here's a little Lego chair. A couple more Lego Duplos. I think I got some more Duplos in here. Oh, another whistle. Duplo, Duplo, some Miscellaneous. I have no idea what that is. No clue. I think they might be parts to this guy right here, this Treasure X right here. These might be parts from that. Is this guy Lego? Yep, I think he says Lego in the top of his head. So who has the lightning bolt on him? He's probably a Marvel. Here's more of those things. These were actually inside the play set so I know that they go together. And this was with it too, I think, so Treasure X but I think this one is two. Let's see what else I got. Another one of those, some more Miscellaneous Legos. Ooh, does this go on that guy? Does this go on him? Ooh, cool. And maybe this goes, no, that's not gonna fit on him. But it's a Lego topper. That crab might go with that. I think I pulled it out of that play set. Yeah, because here's another one. That's Lego and Lego and Lego and then a magnet. I collect all magnets and I hoard them. And one day I will take the time to piece them out and actually get that stuff listed. So there's different styles and different types of these. I would pick up any of them I see but at the bends, a lot of times you might get like one or five or 10 and then you just hang onto them and then you can make small lots of them like I do with the Duplo Legos. I'll hold on to them until I have a big lot and then I will list them. So this is my mini haul from the Goodwill Bands. Sorry I don't have footage. Again, I had my camera went out on me. So I think I did pretty good and I spent a whopping total of $7.49 on all these goodies. So, and then don't forget we've got the brownie top and the Mary Inglebright poster thing. So that is my haul for $7.49.  I think it was like $7 or $5. It was not very much. It's a $1.89 a pound at my Goodwill Bands. So next to nothing in these items, such a great haul especially that little mini figure Lego. Oh my goodness. Wow. And shout out to Rhonda, got junk in our trunk. You guys make sure you go and show her some love with a sub. I will link her down below. She is fantastic. And be sure to like, comment, subscribe and share. Thanks for watching.


We just had a DDOS attack on our freedom server with the dashboard and our developer has some advice to our attacker. Take it away, Ninz. We're getting this many requests from one IP. Just one IP, so whoever's tapping freedom, yeah right. You're doing a good job, but not so good. Okay, just wanna show this. They're gonna stop you now. Thank you. So as Ninz jokingly said, good job. Not so good job. We were able to stop the attack very quickly, but it spun up six copies of our server to handle the load. We use something called Amazon load balancing, which means when there's a surge of traffic, Amazon creates many, many more servers to handle the traffic so our dashboard stays up and remains fast for everyone. The reason I'm making this video is because I wanted to ask how many of you suffered from a denial of service attack where you had someone with hundreds or thousands of computers hitting your website trying to take it down because normally when you put too much traffic at one time into a website, the website crashes because they cannot handle so many requests. The way we've architected freedom is that if there's too many requests for one server to handle, it creates a second one. And if there's too many for two, it creates a third and a fourth and a fifth and a sixth. And in this case, we created six servers automatically. Now, we didn't do this. This was automatically created by Amazon when it noticed that there was too much traffic coming into one server. So there isn't much we can do about DDS attacks. They're actually a flattery because it says someone spent the time to focus thousands of computers into trying to take our website down.  And that's a good job freedom. Good job freedom family. If you remember, my best tip to help you grow is to create an emotional response so that someone cares.   But if people hate on you, let's say you get a lot of dislikes in a video or you get some really negative comments. That's actually a good thing because others will hear about the hate and they will go to figure out, is this true? Why is there so much hate towards this person or this network? And then if you have something valuable and good like we do, the freedom family, then those people who discover you through this negative publicity actually think you're cool. They'll subscribe, they'll join your network and you've just gained a new person that you wouldn't have gotten without this negative publicity. So DDS attacks are healthy because they show that we are creating an emotional response out there in the community. Do you agree? D, tell me in the comments below if you also think that negative publicity is just as helpful as positive publicity in growing your brand and growing your channel and growing your network. I think so. I firmly believe there is no such thing as negative publicity. It's just publicity and it helps spread awareness of you so people discover you for the first time. Who otherwise may never have discovered you? Tell me what you think in the comments below. This is Freedom and who am I? I am George, founder and CEO of Freedom and we are giving away a $20,000 car for you. Click here in this new YouTube card. That'll take you to the video explaining what you need to do to win a brand new $20,000. We're thinking Toyota Corolla car for you. If you like this competition, tell us in the comments below. I'm also the founder of MGM, which is the multi-gaming network. MGM is for me because I'm a gamer. Are you a gamer and is MGM for you? Find out at youtube.com slash MGM. I am George and you've been watching Let's Discover Freedom. Click the first video to learn what is freedom and how it helps you grow. Click the second video to learn about sponsorships for all freedom partners, even if you have just 10 subscribers. And click the other videos like How Do I Leave Freedom to learn more. Click Get More Views to learn how to build your audience faster on YouTube. Click Get More CPM to learn how to make more money from your channel. And click Get More Music to learn where to get more music to spice up your videos. Click the first playlist to watch The George Show on Freedom. That's my show. Or watch The Anthony Show or The Alex Show also on Freedom. And we will grow together as a family because this is the Freedom family. You are part of it, we are all part of it, and we're all growing together. So grow with us and partner with Freedom. That Play Now button right there on the video bar is all you need to click to get started.


Okay, first up. Okay, so our new products this week, they're coming soon, but we'll have them shortly. Some stuff is held up in an airport. But this is fun. So we have this RP2040 trinket, trinket, and we designed it to be the same size and shape as most of our Stem-AQ-T boards. And so you might be like, wow, what if I want to make a custom trinket? Because we made a rotary encoder trinket, and we made a key trinket, and we're going to make other trinkets.  So it solves a little bit of the problem, like I call this the fidgets issue, where it's like, you can get sensor data into my controller, but sometimes you just want it into a computer, and how's the easiest way to do it. I'll give you some bolts. Basically, it's a little stacky kit, and of course you can, the way it's designed is you can stack multiple ones, because it's got like the standoff, and the screws, and the hex nuts. So this is just the kit, but what it's designed for, and you can use it for other stuff too, but what it's designed for is to stack sensors on top of your RP2040 trinket to make a custom trinket. Okay, next up. Next up, we've got an OLED. People love OLEDs. We love OLEDs. We've been carrying OLEDs for a very long time, some of our first products for OLEDs. This is a 128 by 128 monochrome OLED, using the SH1107 chipset. It connects over I2C over SPI, because it does I2C, and a lot of people are happy to use I2C. We put 7QT sensors, connectors on it, and so you see it running the demo connected to this STEMIQT, and this is the Arduino code, but it's also supported in Arduino. You see a little bit of flickering, of course, that's not visible. That's always webcam and internet stuff, but our community's really smart, but sometimes there's new folks who come along. I like to say it. And they're like, yeah, no, we should always say it. We should always say it. It actually doesn't flicker with real eyeballs. And I think people use that too now, with like, because they're filming TV stuff. Yeah, they see stuff on TV. So yes, we've got support for it. It's about 1.1 inch diagonal. This is the board on it, and you can use it with a breadboard or just plug and play. 128 by 128, we don't have, most OLEDs are 120 by 32 or 120 by 64, so we like this nice big square shape. It could make for a nice watch, for example, could be as fun. Okay, and the stars of the show tonight, lady, besides you, our community, our team, our customers, and everybody's hanging out with us tonight is we've got a couple of new feathers. New feathers. Okay, so this is twinsy feathers. There's two feathers, and they look so similar, so I'm going to talk about both of them at the same time, because they're basically the same design, but there's like one little thing different. So this is the ESP32 S2 feather. It's a little bit kind of a year in the making. It took me a little bit of time to get this design out, but I really wanted to wait until we could get the ESP32 S2 modules, the mini modules, as shown here, with PS RAM in them. So these, the two feathers here have four megabytes of flash memory and two megabytes of PS RAM. It's RAM that you can use to buffer data. It's great for circuit pythons, great for Arduino because the ESP32 S2 chip just thinks it has two megabytes of RAM, so you can read massive amounts of data or get camera information and parse it, or you can buffer multiple displays all in RAM. This feather, of course, it features the ESP32 S2 with native USB, which we love because it's a Wi-Fi chip set, like the ESP32, but it has native USB so you can have it act like a keyboard or a mouse or a disk drive and also program it over USB and do debugging over USB. And with the mini modules, it makes for an adorable feather. You can see everything fits quite nicely, and it's exactly feather-sized. And we had a little bit of space in the middle. So first up, if you want to add sensors and more, there's a STEMA QT port in the middle sticking up. So you can see that OLED that we also released this week pointing, plugged into the center. You can connect sensors, OLEDs, displays, whatever you like. And also there's a version of this feather that has a built-in, here you can see in the center, a BME 280 sensor that's a barometric pressure, temperature, and humidity sensor. We even have a demo. If you want, you can basically go into deep sleep in between reads to keep the board nice and cool, wake up, get a sensor, reading from the sensor, connect to Wi-Fi, send the data to Adafruit I.O. or wherever you want to send on the internet, and then power down. So that would make it perfect for environmental ambient sensing, like environmental sensing without having to plug in any extra hardware at all. But it's more expensive. So that's why we have two versions. One is the less expensive, no BME 280, and one is the more expensive with BME 280. So I thought I would show off some of the things on the overhead. So of course it has battery support. So let's go to the overhead and I'll show this. OK, so we've got here, this is the one that has the BME 280 sensor. So of course it's got battery support. And we tried to make this low power friendly. So for example, there's a transistor down here that you can use to turn off power to the I2C port and the onboard sensor. And that way, when you go into deep sleep mode, if there's any sensors plugged in, you don't have that quiescent current. So you get down to, I think, like 40 or 50 microamps of current while in sleep mode. There's also a battery monitor here. This is a very low power battery monitor chip over I2C that will give you the battery voltage, but also the percentage. It actually does like tracking of the voltage. So it does like a smart analysis of what the battery capacity is or state of charge. This demo is showing reading the temperature, humidity, and barometric pressure off of the BME 280 center in the middle there. It's got, you know, the LiPo battery, battery charging, the boot and reset button so you can go into boot loader mode. I think, yeah, here's a reset button. So you can see here there's a little neopixel. This is trying to do the boot loader recognition. And it's like, I'm not going to computer. There's a red LED here. There's a charge LED, 600 milliamp regulator, the AP2112. When we get the, we're going to change over to the RT3080 when we can get those chips, but they're silicon shortage out. So for now, we're using the AP2112. And of course, the feather pinout you know and love. So I2C and SPI and UART and analog inputs and all the stuff you love about the feather format. And we tested it against all our feathers and it works wonderfully. So if you basically want a feather that's all in one IoT, low power friendly, Arduino friendly, circuit python friendly, and you know, of course, STEMIQT plugs in nicely in the center. So I ever wanted and I like that there's a vertical stem plug into. Yeah, well we were, we bought those vertical plugs and Fab was like, when are we going to use them? I'm like, soon. But I just really loved the little mini version of the ESP32 S2 module because it means we had that extra space in the center for sensor, you know, optional sensor and STEMIQT. So check this out. We are going to be making tons of these. They're going to be really popular for sure. And we have a couple of variants also of the ESP32 S2 feather. But hiding the PS RAM is key, especially for a circuit python. You really need that extra two megabytes to be able to read data from the internet, parse it and do graphic stuff if you need to as well. So I think it's worth the wait. Test it.


I think we'll jump into it and we're gonna we're gonna take these segments I think you guys I think you can see me in the corner there. There I am. Hey, hey everybody Newsy Cornell West in the in the main thing and we're just gonna we're just gonna play this out and see where it goes I think the beginning here. He's He's talking about You know people who somebody who went to jail for being a communist Now communism needs to be radically called into question now that that's good, right? So he's saying capital is a communism needs to be radically called into question and he's saying that because he just said well This guy went to jail because he was a communist and he realizes what he's saying. He's saying look, but look Communism is a bad thing communism is not a good thing But but there's a but of course with Cornell West in terms of its dominating forms like the Soviet Union and China on the mile And so forth and so are they non-dominant forms of communism? I Neverhood of any non-dominant forms of communism, but at the same time when you look at Karl Marx and his critique of capitalism He this is prior to let it prior to Stalin product He says capitalism is tied to this obsession with profit that puts profit before people Now this is the theme And you'll see Joe Rogan even catches on to this this obsession with profit The assumption and he makes this assumption just he just makes it naturally and It goes through the entire interview whenever he talks about economic issues and Joe Rogan just plays right into it And you see this on the left always and to some extent you see this even on the right With people like Stephen Bannon when they criticize capitalism it's Obsession with profit now what is profit and He assumes that obsession with profit is bad. He assumes that exception of profit is Evil is negative and he knows that you all think that Because he doesn't have to explain it. All he has to say is obsession with profit means bad stuff bad stuff Now what does it mean to be obsessed With profit and of course the other term he uses Which he uses over and over again, but not just him. This is a common term used on the left a Common term used on the left Profits before people profits before people, right? But what What are profits? What are profits where the profits come from now at least in a free market, right? And and and this is a he's critiquing capitalism so capitalism as core free market Where the profits actually come from well profits come from the production the creation of Goods and services at that are then sold freely voluntarily to consumers or to other providers of goods and services other businesses At a cost greater than what it cost you to produce greater than what it cost you to produce now Why? Why are people willing to pay you that? Why are we let people willing to pay you More than it cost you to produce well first they don't know how much it cost you to produce They're willing to pay you for it. Why well because They are getting more value out of whatever it is that you produced whatever it is that you made They're getting more value out of it Then you are charging them Because otherwise they would not engage in the transaction and this is kind of this is econ 101. This is not hard This is where intellectuals like cornell west Evade they're smart enough to get this this idea of the trader principle This idea of win-win relationships in economics and trade in free markets are not difficult Not difficult So you have a relationship here where A producer produces something a creator creates something and he sells it to person b and the reason person b is willing Is willing To pay for it is because whatever it is that they're buying What as a service they are getting it is worth more to them than the money they're giving up And if it wasn't they wouldn't engage in the transaction They wouldn't engage in the transaction You know I always use my iphone as example if you pay a thousand dollars for an iphone It means that you value the iphone more than a thousand dollars now. You might be right or you might be wrong you're probably right because Partially, you know the marketplace has spoken so many of us value the iphone is over a thousand dollars That we're willing to pay for it and It's hard to believe that so many of us are irrational so many of us just motivated by whim when it comes to A thousand dollar expenditure so profit Is a reflection of the value you're creating For whom For other people So they said yeah profit versus people Now we'll get to what he means by it in a minute because You know and he never explains it and the left almost never explains What they actually mean by it It's it's a term they throw out and they just assume you all get it. But the fact is you cannot make a profit Without making the lives of other people better Without creating value For other people an objective value If it is not an objective value, yes, some people might buy them whim, but it will not last any lasting any lasting profit Is a profit generated By producing something that is objectively valuable to the people consuming it. They are better off Now it's true. You can come up with examples where there's a few examples where that might not be True And I would argue that In a rational civilized society, you wouldn't be generating profits not significant profits from them think of drugs things of the sale of cocaine in a free market, well That is not a very profitable business Because you're not actually creating value And the people are better off in some subjective Momentary sense, but they're not better off long term and as a consequence They're not they repeat buyers for a while, but not for very long. They die or they overcome their addiction So you can't produce long term profits From selling at this value and objectively objective this value So profits against people is just absurd It's it's a complete misnomer Obsession with profits means an obsession for creating values That other people benefit from now I'm getting all these super chat questions, which I'm having to copy over so That slows me down a little bit so if the question is unrelated to what we're talking about I'd really appreciate if you could delay The question until we finish with cornel west because it it really does distract me um But I do want your questions In the super chat, you know, I I can't read the comments and I'm not going to answer questions that you're not willing to pay put a dollar amount towards so What does cornel west actually mean when he says profit ahead of people well Cornell is is fundamentally a marxist and he's talking here in the context of marxite He's just said we have to remember marx marx who came before communism He never mentions by the way never mentions that marx was the inspiration for starlin and lenin and mal That is never mentioned It's just there was there was these guys who did communism And and that's bad because authoritarianism is bad and they were authoritarian and bad consequences Okay, and then there was this car marx guy and he said some really cool stuff and he said some really true stuff And he came before them And the causal relationship blank out. No, no, we don't want to talk about that We don't want to talk about that So what does he mean? Well, he means he's talking about car marx theory of exploitation So he's really talking about the idea that marx Believes that profit comes on the back of labors that profit comes from exploiting The people who really make the stuff Really make the stuff Marx was a materialist A labor theory of value the people who really make the stuff are the laborers Other are the people in the assembly line the people using the muscles to move the levers to assemble things to screw stuff to use their hammers and nails They're the people who actually make the stuff And profit is exploitation because profit is above and beyond what you pay those laborers You the capitalist gets to keep but you have contributed nothing to the process That is the root of exploitation And that is the root of putting of the idea of putting profits before people because if you put people before profits Then you would pay your workers more And they would receive any excess They would receive or they at least as a socialist they would share in it Significantly and you as the capitalist or as the manager as the ceo would get nothing because you contributed nothing Or if you're a little bit more sophisticated democratic socialist you would get a little bit you would get something but not much Because maybe you contributed something But you didn't contribute much Now there's a lot I can say about this and I have Done lectures and courses about this, but this is a complete perversion and of course. I ran talked about this This is a complete reversal of cause and effect a complete reversal of cause and effect There is no such thing as labor without capitalists without entrepreneurs without ceos There was no such thing as spontaneous Production spontaneous creation by a group of laborers who just build a car just build a computer Somebody some entrepreneur some genius some inventor And then some capitalist have to get together believe in the idea willing to invest money in the idea willing to invest time resources and then Organize the means of production to make the idea of reality bang together labor equipment in order To build something to create something to make something Things don't just come into being But you'll notice and we'll see this later on with cornel west Socialists always just assume stuff is there wealth is just there And cornel west later on will say something to indicate this And then it's just an issue of how we distribute it how it's divvied up How much you grab or how much you get or how much you are allocated wealth is not created And that of course is the materialist materialist view of the world If all there is is muscle Then all there is is stuff out there Then it's just a matter of rearranging the stuff and the rearranging the stuff just happens It doesn't require thinking it doesn't require genius. It doesn't require Organization those are all conceptual activities The data recognizes as having any role any role In the productive activity In generally human activity, which is fascinating intellectuals who don't value The intellect But that's what socialists. That's what Marxists are The intellectuals who don't value the intellect So they view that everything is just The workers and the workers would know how to make a computer anyway You don't need the Steve Jobs's at all Or if you did once he had the idea and you know Big deal having the idea Then the workers would just make it You know, but really The real genius in this world Is not how to assemble Stuff It's how to It's how to design it How to structure even the means of production How to structure an assembly line, that's the genius It's not the work being done on the assembly line It's Ford who is the genius Not the guys in the assembly line It's Ford who is producing The guys in the assembly line are helping along a little bit Each one of them creating a tiny little bit But it is Ford that is creating The possibility for them to create And yes, Ford makes a lot more than all of them Maybe more than all of them put together But that's because he made It all possible Not just By being an engineer in terms of how I can assemble But being an engineer in terms of how the assembly line is assembled In terms of being a marketer But knowing how to sell the cars So showing people that the car is a real value to them And creating a car that is a real value to them Not just any other car And paying his workers An appropriate amount to get them in You know, Ford for example doubled the wages at some point In order to attract the best workers And every other aspect Every other aspect Of what it means to run a business Is where the real The real Geniuses and that's where the real production happens So yes, the capitalists, the CEOs, the managers Deserve what they get In a free market An obsession with profits Is an obsession With creating value Which is an obsession of making the world a better place For human beings to live in If you value human beings And I do I don't want to place anything above human beings But if you value human beings Then you value Then you value Profits Then profits are what you should value Profits A symbol A sign That human well-being is better That value is being created Now it looks like I don't know how to change it right now Maybe I can do that It was a typo In the Title of the show, so I think it's being fixed now Yep, it's being fixed I don't know if it's being fixed on YouTube At least on, yep, on YouTube, it's the same thing I don't know how to fix it On the fly on YouTube, on Facebook, it just would change Okay Let's see So that, let's go back a little bit And we'll listen to a little bit more Of West Dominating forms like the Soviet Union And China on the mile And so forth and so on But at the same time, when you look at Karl Marx And his critique of capitalism He says Look how he lights up when he says Karl Marx I mean this guy loves Karl Marx The true leftist intellectuals Really, particularly the Not so modern ones The ones The ones who are more interested in the poor Than they are interested in skin color Who admires of Karl Marx? It truly is sickening Prior to Lenin, prior to Stalin He says Capitalism is tied to This obsession with profit That puts profit before people And it will generate oligopolies In which there will be grotesque levels Of wealth inequality And the only way that poor and working people Will be able to gain access To any resources to do organizing And mobilizing None of that is true None of that is accurate depiction of Karl Marx And none of that of course actually happened He's suggesting it all happened The idea that capitalism Generates oligopolies Is fundamentally false It's just never happened It just doesn't happen And it didn't happen In the 19th century as if people As if people Anyway it didn't happen In the 19th century You didn't see these monopolistic oligarchs created Yes, wealth inequality Explodes But so does The The wealth That everybody The poor have So everybody gets richer And it's true The people who create greater value Get richer at a far faster rate Than the people who don't But again he's not going to explain why that's a bad thing Nobody ever today Needs to explain why Wealth inequality is a bad thing They just state it It just is a bad thing We just know that it's a bad thing Marx didn't really talk much About organizing and mobilizing Oh I mean ultimately that happened It happened organically When capitalism matured and the working class rebelled But he's suggesting that Marx Was an advocate of labor unions Labor unions are a very primitive form For Marx Marx is much more about The big collective Proletarian And the change They will bring about But this idea Which he says right That the poor stay poor Nothing happens to them Without This organization Even Karl Marx never says that Karl Marx says The poor have gotten richer There's a middle class Capitalism is brilliant At bringing people out of poverty That's not the fundamental Marxist critique Of capitalism But it's what they latch onto And they use it primarily to justify The labor movement Prior to Stalin He says capitalism Is tied to This obsession with profit That puts profit before people And it will generate oligopolies In which there will be grotesque levels Of wealth and equal What is grotesque levels of wealth and equality As compared to ungrotesque levels of wealth and equality And the only way that poor and working people Will be able to gain access To any resources But that's again access to resources So here this is important Access to resources This is what I meant before by saying They think stuff is just there Stuff is just out there Reality is just full of wealth It's just there The capitalists grab a big Part of that, their obsession with profits And the only way poor people Can get access to resources Access to this stuff That's not created It's just there Is by mobilizing Is by getting together And mobilizing And organizing Against Or to fight Because it's all a zero sum world kind of thing You know the capitalists have got all the stuff And now the working class Has to organize, has to mobilize Through labor unions primarily Or through democracy To grab their stuff No recognition Of where wealth comes from Who creates it Allocated in a free market Where it comes from in a free market None of them None of them Organizing and mobilizing Now you can accept that Marx is inside Without being a Marxist He's just telling the truth Is he telling the truth now? Watch Joe Rogan You think that socialism just hasn't been implemented correctly? Is that what you think? Because the argument has always been Show me a socialist economy The government that ever worked But there's so many people That find the idea of socialism attractive Because it combines This idea of a community With a nation And that we're all tied together And we obviously have some socialist Okay before I go on Because now he goes on I mean Joe Rogan's He's asking the question What sounds like real Sincerity He says socialism is attractive And he's right And this is the key question That anybody who's advocating against socialism And advocating for capitalism Has to come to grips with Why is socialism so appealing? Why is it so attractive? And Joe Rogan says it It's because of this Community Tied to nation, tied to It's because of the appeal of collectivism And deeper than that Socialism is attractive Because altruism is attractive And altruism is attractive It's because all we know It's what we've been taught It's what we've been raised on There is nothing else Nothing else From a moral perspective Other than altruism We've been taught that it's right to sacrifice That it's right To focus on those who don't have That they are the standard Of good And this comes from Christianity It comes from secular philosophy It comes from everywhere Altruism is a moral standard And socialism is consistent With altruism And this is why We'll come back to this Christians Cannot defend capitalism And many libertarians Can't defend capitalism Because they assume altruism And altruism is socialism And Joe Rogan here Is identifying it Not as explicitly terms As I wish he would But he identifies it He sees it It gives you this warm fuzzy feeling What's that warm fuzzy feeling It's that feeling of Oh, caring about your brother Caring about the group Caring about other people And putting their well-being ahead of yours But yeah, that feels good That's what morality really means Respects to our civilization In terms of like utilities And military Now notice The equivocation here And again, this is kind of equivocation That is childish And you'd expect better Both from Joe Rogan and From Connell West So Well, he mentions utilities But the military Police These things are socialism So And this is maybe the damage Some of these anarchists have done Capitalism Is that people associate capitalism With everything as private There is no government And that's the danger these so-called The narco-capitalists have done to us They have no conception of what Government is for under capitalism Actually is They have no definition of it They indeed never define it And if you never define something Capitalism is private stuff And oh yeah, we don't have Private police and private military So that must mean Those things are socialist No Capitalism is 100% consistent Actually capitalism Requires A government And a military An narco-capitalism Is a contradiction in terms You cannot have capitalism If you have anarchy But again, notice how the culture And Joe Rogan I think represents the culture And I think to a large extent Connell West certainly more than I do More than you do most of you They represent the culture They just take this for granted All the stuff the government provides That's socialism That should provide stuff it doesn't provide It's all this mishmash That's all socialism And then it's just a question of Which parts of it do we think should be privatized? There's no principle, there's no idea here And Iron Man's idea of course That government is instituted For the sole purpose The sole purpose of protecting individual rights And then the question is What therefore Is Should the government do There's a standard now But there's no when you don't define things Like these guys do or where your definitions Are so fuzzy That kind of meaningless Then what you get is this Mishmash of stuff Not by feelings, wishes, wins Or mystic revelations Any man or woman who values his life And who does not Want to give in To today's cult of despair Cynicism and impotence And does not intend to give up The world to the dark ages And to the role of the collectivist Brutes


Maybe he's a K2. You hear one of these, Chicago nigga blunts, you gonna do it. That's the new dance up here.  Nigga that? Stop, Chico, this nigga trying to battle you. Nigga trying to battle you, stop.  He's on powder, he's on cocaine. He's on a Merc, he's on a Molly. Eight ball of cocaine.  Footwork.  Chicago footwork, nigga. Is it a certain way? Can I do anything with my feet? Nope.  He did it faster than you though.   He was like, here's my moment.   And your girl was right there recording.  Hit him with the spin, do the terminator. Time for the percolator.  Yeah. So do you do it in any song? Or it gotta be a special song? A special song?  Don't say it. Ain't no telling what that song's saying in Chicago, you straight. We wanna play it safe, you hit me. Footwork, step on the house. Get it. There it go fly. Yo, yo, yo, yo, yo, go chico. River dance, do the river dance. Oh, yo, yo, yo, yo. Look at this, this river dance. Look at this nigga, he think he on Mario.  Strong man, you know how to do it. I bet the strong man with the boots know how to do it. Strong man with the boots, you know how to do it.  I'm 40. You know how to do it sometimes.  Two weeks from now, I wanna in bed and get out the bed. Nigga, what happened to you?  Wait, nigga, what?     Mm-mm, I can't do it.   Oh, they... For years? Hell yeah.   Shit.  Oh, so you can have fun, but I can't?  Gangsta has niggas. I don't wanna get shot. And the old Chicago niggas used to do the bus stop. I can tell this nigga. What is that?


In this discussion, we will discuss the discussion question of discuss the uses for the statement of cash flows. If we see a discussion question like this or an essay question like this, we may think we don't know exactly where to start or exactly what they're asking for. Support accounting instruction by clicking the link below, giving you a free month membership to all of the content on our website broken out by category further broken out by course, each course then organized in a logical reasonable fashion, making it much more easy to find what you need than can be done on a YouTube page. We also include added resources such as Excel practice problems, PDF files and more like QuickBooks backup files when applicable. So once again, click the link below for a free month membership to our website and all the content on it. And if that's the case, then we could start with just what the statement of cash flows is what are the components of the statement of cash flows. And then hopefully that could pick up some answers there and then expand on that how it could be used for. So of course, the statement of cash flows is one of our major financial statements. It's going to be a financial statement included with the balance sheet, the income statement, the statement of equity. The statement of cash flows will report the cash flows and it's going to have three major categories to do so operating activities, investing activities, financing activities. So how could this be useful? Why would we need this statement? Why in other words, we could think, why isn't the balance sheet income statement and statement of equity enough? Why do we need this statement in addition to it? Why do we need the statement of cash flows? Well, the balance sheet and the income statement balance sheet tells the story of where we are at. The income statement tells us the story of what happened. The balance sheet gives us an idea of cash, but it only gives us an idea of what cash is at the end of the time period at a point in time. The income statement gives us the story, the activity of what is going on, but it gives the story of what's going on in terms of an accrual basis, what is actually happening in terms of revenue being earned on an accrual basis, revenue recognition, in terms of expenses that we have incurred in terms of the matching principle. But it doesn't tell the story in terms of cash flow, what the cash flow happened. And that's going to be really important for us to have the cash flow because the cash flow is going to be something that's obviously very necessary for the flow of the business to continue in the future. And we know that the cash flow affects every area within the company. So if we have information about the cash flow, we know that that affects every cycle within the company as well. So although the income statement is really important to tell the story in terms of the activity that's happening on an accrual basis, and that gives us a more accurate picture of what is going on, we also want to see the story in terms of a cash basis so we know what's happening in terms of the cash flow. That's going to be important. We could think of that being important by who uses the financial statements in terms of internal users and external users. So if we're thinking about internal users, we're thinking about people making decisions when within the company management, if we're thinking about external users, we're typically thinking about people, investors in the company, and they have different goals that the internal users want to make sure that we have enough information management. In other words, wants to make sure that we have enough cash flow in order to continue with operations, they're going to want to know where the cash, the major cash flow sources are happening within the company so that they can manage the cash flow. Remember, our job on the management side isn't necessarily to just increase cash flow overall. Our goal is to increase value, to generate revenue, to generate value in the company. So sometimes we might think that our goal is to just increase and increase cash flow, and it is in a sense, but really what we're trying to do is create value. If we have a lot of cash, if we have a lot of cash inflow, then it could create value by us giving some of that cash to the owners in terms of dividends or something like that. So just holding cash isn't really the goal of the company. If we have a lot of cash, we would like to be making money on the cash, investing that cash somewhere, getting a return on the cash, putting that cash back into the company. But at the same time, we want to make sure that we have enough cash flow to pay off our current obligations that will be becoming due soon. So just managing that cash flow in order to be in a situation that we can create the most value in the company and generate the value of the company is going to be one of the uses for the internal uses of the statement of cash flows. The external users of the statement of cash flows want to determine the health of the company, how well is the company doing, and of course cash flow is going to be important for that as well. So they're going to determine, can this company pay off its current obligations? Are they handling their cash flow well in order to create value? And the investor, of course, is looking for the creation of value in terms of the company creating value to go up in value, so the stock price will go up in value, as well as hopefully cash flow going up so that they can in the future get dividends, get paid as the owner of the company if they invest within the company. So that's going to be some of the uses for the statement of cash flow and some of the added value that the statement of cash flow is going to give over and above the balance sheet, the income statement, the statement of equity.