you should be live. Hi everyone, this is Chichu. Welcome to another live stream and today we're set up outside. Hopefully it won't be too noisy. I checked for the wind and it's not supposed to be too windy or windy at all really because we don't have a little thing wind protector for the mic. I need to get myself one of those. Oh the wind's picking up a little bit. Hopefully there won't be too many people too much gardening activity because you know we're surrounded by houses and a lot of people have landscaping work done. Those things are very very noisy. It's unfortunate though. I wish they were not as noisy but this is an experiment. It's like 11 a.m. my time. We're on July 29, 2019 and if the noise level gets a little too much we'll make a note of it and next time maybe do this wee wee hours in the morning or late in the evening. That way the hustle and bustle of the day will be reduced. Aside from that, welcome to another live stream. We're doing investing in personal finance today. Open discussion. Anything goes. I don't know almost anything goes I guess but basically in general anything goes. That's what we've been doing. Hopefully the wind won't pick up. I do live in a windy city okay. So it's sort of last minute when I decide to do these things. If I decide to do it outside that's what I've been. I had planned on doing a few other ones outside but the wind was too much. We might get a couple of gusts here and there but it shouldn't be that bad. I put on my headphones through the mic just to test it out. If you do if you guys do find it a little too much let me know and if it persists we might move it inside for today but I don't think it should be that bad today but we will make a note of it. Aside from that we can open the discussion anytime you guys want. Night night 98. How are you doing? How was life? I haven't seen you pop in for a few streams. Hannah, how are you doing? How was life? Chih-chou, An-chih-chou. I'm twitching Jason. How are you doing? Having a late lunch right now and glad to have caught the stream awesome awesome. Great lasagna. I love chih-chou. I'm doing good man. I'm doing good.  Curious Devin. Hello Chih-chou. You have your green thumb on today. Yeah, yeah lots of check this out our grapes we got grapes all over this thing right now going on right super cool super cool like like this patio we got I took a couple of pics just to show you guys the setup so after the live stream probably today or tomorrow I'll most likely today I'll post the pics on gab mine twitter and discord just just so you know what the setup is like what i'm doing hey man how are you we shook doing about doing about zach up how are you how are you i has you should adopt the kit and chih-chou and maybe also puppy we had a cat I guess he passed away last year so it's too early it's too early I don't want to move from you have to live with losses for a while before you fill the gap right what is that taxes on investing in stock versus crypto versus penny stocks stocks and penny stocks would be the same um Hannah as far as I know in Canada anyway I'm pretty sure the United States is the same as well and uh if the stock goes up it's capital gains right and that's pretty much the same with cryptos you're paying on the capital gains however with the stock market Wall Street and what not uh in Canada and I'm pretty sure in the United States as well there are different places where you can park your money where you get a certain amount of tax exemption that is not the case with cryptos if you're making if you're converting cryptos to fiat currency then on that note there's a record of you getting money coming in so that's considered capital gains okay so whatever your capital gains taxes are wherever you live okay if you've put money in cryptos and you're buying and trading and hiring services and whatnot on cryptos that is something that you're gonna have to decide what to do with right whenever you feel like adopting another cat just hit me up I live with eight of them oh my god great lasagna that's way too many men no how come you live with eight cats are they kittens that's a lot of cats man and that's also expensive you got to feed all the cats don't cats aren't that expensive to feed dogs are way more expensive but eight cats is a lot I'm pretty sure you don't have any rodents around your house five of them are kittens yeah five kittens must have been right kittens are crazy cute man same with puppies any any infant child I have a dog her name is Libby she's 10 nice 10 years old you got another and that's another thing I talked with a friend of mine recently and she had recently lost lost lost her her friend her companion her her dog and she says she's not into getting another pet anytime soon because the loss was very hard she doesn't want to deal with that right hey chicho second day in a row I'm able to catch a stream awesome glad to have you it's a fun it's fun doing these things I like changing the setup the scenery so far we've done three the the last three that we did they're all in different parts of the house so that's sort of a house tour I guess to a certain degree black lab border calling makes nice black labs are really loyal and border calling I don't know too much about border calling but black labs are uh they're good dogs they are they're cuddling how's the sound by the way it's not too much we have a plane going on top I kicked down the game a little bit so I brought them my closer to myself so I'm talking closer my first pet was a people he's 10 years old now so the circle of life is catching up to him yeah I think dogs you know 15 plus or minus a couple years is probably max right the beard is getting long yeah like it curious Devin good old boy labs are labs are man labs are good dogs I've been around some labs I've had friends that have labs and stuff British Bulldogs are really nice too dogs and cats are like toddlers who'll never speak speak love them my mom has this adorable little Malipu I don't know what a Malipu is I swear he's like a little person nice Ducks Victrix good morning how are you doing love this outdoor background yeah me too me too I think the key for a healthy pet is exercise water and not overfeeding yeah not over and that's the same thing as human beings the one correlation I've seen that people say correlation is causation longevity for human beings is not overeating right and that goes the same with pets and don't feed pets things that they shouldn't be eating like I've seen people feed the ice cream to dogs or chocolate to dogs is like poison right grapes as well I don't think they grapes are good for them either we don't feed her that much one cup two times a day yeah and that's what it should be yeah too many people overfeed yeah that being said chubby chubby pugs and stuff are super cute oh it's a poodle Maltese poodle next cool what type of tree do you do you mention is behind you this is a great this is great neighbors it's these great lines are actually from the neighbor's house and they've directly directed it over the steps coming up to the patio and we brought it up here and I built up this wall this thing here like a couple of years ago couple of years ago waiting for the vines to come right and this year was the first year that we were able to get it going and it grew these grapes are healthy very healthy they made it all the way up the steps all the way up here and we got like a canopy sort of set up here that gives us a little bit of shade which is fantastic grapes can kill them yeah x how are you doing an occasional treat and an occasional treat what is going on what is growing on her grapes she's super fit and loves to fetch run and jump nice I heard it through the grapevine I heard it through the grapevine I heard it through the grapevine investing Marvin Gaye isn't it there's a house across the street from us they've been doing construction on that house inside and whatnot for the last like two and a half years it's like the stuff coming out of the house is insane you're like how could they like they're not done yet it's very it's insane looking very high definition teacher am I cool cool that's the lighting maybe it likes it wobbin how are you doing actually the seeds and apples contain cyanide yeah I do eat apple when I eat apples I do eat the seeds as well not all the time but sometimes if the apples like the smaller ones I eat the whole thing right the only thing left is a stem but you can't die with the seeds of the apple only if you harvest like a ton of apple seeds and you have like a couple of the wind is picking up a little I hope it doesn't a couple of bowls of it or something which you won't why has Donald Trump grown the US economy so much stock market has gone way up the last few years stock market is a bubble it's a it's it's basically monetary policy free money for the higher echelons of power and all they've done is either buy back their stocks which kicks up the stock price pump it you know it's just a bubble right it's where there's a lot of money that has been put into the market since for the last 10 years right so a lot of a lot of money was given at zero percent interest to those in power like we're talking trillions of dollars and those people needed to find a place to put that money to get a certain percent of growth right if you get money at zero percent then if you can put it somewhere and get five percent that's five percent of your making period three percent you're making ten percent you're making free money right so all this money was given to those in power and they needed to find a place to park that money one place they parked it they started buying back their own stocks right so the stock price went up and their bonuses are tied to their to the performance of the stock so they get bonuses from the company and they're basically looting right the american population and the canadian population and the western populations right another place that's happened is all this money because it needs to find growth it's putting its money anywhere and everywhere that it can find right there's still money sitting on the sidelines looking for a place to put for growth right less so now than you know 10 8 5 years ago right if interest rates start kicking out all the risky investments people are going to start partially pulling out there's also major geopolitical stuff happening globally where the emerging markets are in some of them are in deep trouble right so people that have parked money and chasing growth and emerging markets or places which weren't too stable they're just looking for oh they're giving 20 percent return on you know every year like crazy right well the reason you're getting 20 percent is because it's very unstable and all of a sudden your money can disappear right so now because things are shifting a little bit a lot of money from emerging markets and stuff like this places are too stable it's going to start flowing into more stable places right so there's a lot going on it's not donald trump right it's not donald trump really it's the system hosey how are you doing yes marvin gay nice the stock market might be over valued might be it absolutely is overvalued however the saying is thus the market can stay unreasonable longer than you can stay liquid right so it might do another boost up or it might come down 50 percent i build a structure with my grandpa in his backyard that grape vines are now growing on and creating a little canopy it's a beautiful way to actually it's a beautiful way to provide shape right and if your grape vines provide grapes delicious grapes good grapes when you create a canopy the grapes form and they hang and you can just stand there and eat grapes right phenomenal the poison is in is in the dose poison is in the dose exactly dosage matters dosage matters lonely piggy afternoon chicho hope all is well doing well brother thank you very much or sister j morris 22 hey chicho glad to catch another stream glad to have you why can i get a get a chunk what's to stop me were you from doing it why is investing bad investing is not bad who said investing was bad it's all the question of where you want to invest your money for me personally i will not invest in lockheed martin i will not invest in monsanto or bear right that's bear right now i will not invest in microsoft i will not invest facebook i will not invest in google right even though i have you know i'm putting stuff on youtube and any money that's generating through revenue coming in from youtube google is taking half of that right that's something i cannot control right now when i can't control it i will but when it comes to investing investing is not bad you just have to be comfortable with where you're investing your money right i know people that invest in horrendous things that i would never put my money in because i wouldn't be able to sleep soundly but they do right they don't care about the larger picture right the grand design right maybe they do maybe that's what they want to see happen right haliburton would i ever invest in haliburton i would never invest in haliburton okay did anyone say investing is bad nope prince obama prince obama uh chicho what sources do you recommend to keep up with economics oh there's a few um one of them is uh is a blog martin armstrong i've mentioned in the video that i put out um where i get my sources of information uh martin armstrong is good uh his blog i read anything that's not private he has you can subscribe and read some of his private stuff i don't because i have a pretty good idea of what's going on i just like getting his take on how things are unfolding uh well there's a lot of geopolitics happening that is connected to economics but they don't present it as economics but it is economics right uh so economics is and zero hedge is pretty good too zero hedge is a lot of geopolitics with uh economic slant um real news net covers some economics which is not bad okay but what you have to do uh kirstevin is really appreciate that geopolitics is really economics like all are all wars are bankers wars that's economics right they're basically resource wars that's economics right they're transportation uh providing resources to regions that's economics really right so you have to sort of not distinguish your economics from your politics however uh you should always look at the underlying data in the geopolitics of what's taking place right never follow the sound bites and media trying to get you angry about a certain situation right put all of that into context like one of the things just to give you an example one of the things that's happening right now is in hong kong there's a lot of demonstrations of what china mainland china is doing in hong kong bringing these new regulations and shit like this right and stuff like this right now there's a lot of coverage of that in canada right now huge coverage of that in canada however when the protests in france were happening and are still happening the yellow vest there's barely a beep in the same media that's covering the hong kong protests on an hourly basis right so you have to sort of take a look at that and say okay why are they covering hong kong and not covering yellow vest right why aren't they doing that and that's economics okay there's lots of geopolitics there but lots of economics as well you've got to have millions in capital to play the game effectively it's essentially a pay to win market um worse i disagree that you have to have millions you could do it with thousands you can't do it with hundreds the fees will kill you right it'll eat away at you eat away at your profits you can do it with thousands get your you know dip your toes in there get a feel for what's going on you can definitely do it with thousands okay would you'd like to invest your life savings in the venezuelan cryptocurrency called a petrol no or uh the what the hell is that facebook one no uh how would trump coins no any centralized core crypto is not a crypto it's a centralized fiat currency right yeah i think we're officially in modern history as long as bull market is crazy longest yeah twitching jason is longest but it's it's not a it's uh it's it wasn't organically generated it's a scam like people calling a bull market and it's a bull market across the board everywhere like everything has gone up in price inflation is through the roof right comic book prices are crazy very high some stuff that was selling for a dollar three years ago selling for 30 dollars now like if you look at some of the comic book calls we did especially the ones we did where we bought a thousand books basically from this one seller right we bought them all for a dollar basically back them bored in the ship dollar canadian so it came up to like 75 cents u.s all of them right uh if you do it per unit some of those comic books that we bought are now 40 dollars 45 dollars 20 dollars 10 dollars right 50 dollars like we bought uh jane fosters for issue number one to eight for 75 cents a pop right let's say we paid eight dollars for it right now issue one is going for like 40 dollars is that a bubble yeah i think so will it continue most likely maybe right so there's a bull market and everything right now can still continue yes however certain things there's a handful of things that did not participate in the bull market gold precious metals or one of them i don't know i haven't checked them for the last little few months but they are starting to kick up as well and that could be the contrarian where other things might come down or whatnot some people say we're going into stagflation some people say we're going into another economic boom some people say we're going to go into a depression it really depends on what you're considering for me it's all a cycle right it's all cyclic ups and downs sell some products sell some stocks uh liquidate some of your assets when they're going up even if they go up further right take some profits off the table and then build up your reserves a little bit pay off your dad and whatnot and then if you if it's going to continue maybe start buying some things that are lower priced right i want to invest in medical recreational manual stocks um okay the the boom three four years ago was a great time to be in it 50 imagine that i would like to invest in marijuana in real estate real estate i wouldn't touch personal uh cannabis i wouldn't uh you know i looked into it earlier like two three four you five years ago uh a lot of them are bubbles a lot of them have major issues associated with them with uh producing product uh lots of regulation stuff like this uh it's definitely going to be booming uh end of prohibition is here uh or it's not say legalization in canada the conservatives they've already stated if they come in they might roll back the legalization of cannabis they might prevent people from growing their own cannabis plants right because they're fanatics they're garbage they're dictators they don't care about humanity they only care about profits and their religious ideology right so all of that stuff is related to economics you have to sort of keep tabs on what's going on politics and if things are shifting the political front there's opportunities coming in place on the economic front right what is money chicho money is anything everything and anything is money my time is money my comic books are money my hat is money okay our conversation is money everything can be considered to be money it can have value right currency is money that is accepted as a forms of trade i guess i forget all the terminologies right so currency gives money liquidity right but currency itself is not money currency is a medium exchange right money is a medium exchange as well but it may not be accepted across the board everywhere okay we'll put out a video on all the stuff ultimately i'd like to build a portfolio of rental properties with stock holding as a next nest egg of sorts but a real estate for the cash flow twitching jason you have to decide figure out where it is reasonable to buy real estate to have as an investment portfolio it is extremely dangerous to in certain parts of the world to go into a major debt for real estate right now i think we're in a bubble and we're seeing the market turned down a little bit and where i am which has been a bubble for a long time right we might see another bubble come up it might get inflated again because of hong kong and if things don't cool down there'll be a lot of mass migration of major capital coming out of hong kong right to give the real estate another boom right you could play that i personally wouldn't right i personally wouldn't right now in my part of the world can from a year ago real estate prices so for example i'll give you just general example when about a year and a half go two years let's say two years ago if a house was listed for one million it was there was bidding war and it would sell for 1.2 million right now and that house would have been appraised at 900,000 right so appraised at 900,000 listed for one million would sell for 1.2 million right that's 300,000 above a third more sometimes go for 50% more than what it was appraised for right now if a house is appraised at 900,000 it's selling for for 850,000 right that's a 350,000 dollar difference so if you bought a house two years ago that means you paid 350,000 dollars over what it's selling for right now is that a debt that you want to carry this is not this is not the case in every part of the world but it is here okay and it is in other places as well i might invest in some good chicken stocks it's too cold in my part of the world cool uh waban food uh maybe a great place uh text not textiles but food products maybe a great place to invest not that i'm doing it but because of climate fluctuations there's going to be crop failures okay once there are crop failures then certain food products staples will increase in price dramatically and once food prices increase dramatically i think one of the stats that read about is once people are spending more than 40 percent of their of their income on food then you start seeing revolutions happen in those regions can't trust as a cannabis holding company uh that uh bottoming out at 220 a share right now is it gone down is that right so it must have gone up to like eight nine twelve dollars uh and now it's coming down so it's bottoming them out around 220 what do you think about the robin hood app i don't know about zara and by the way hey zara how you doing welcome to no live stream check out robin robin hood if you're trading with small amounts there are no fees is it i haven't i haven't gone into trading markets uh stocks for a long time and i have no intention of going there uh yeah curious about the same things are inflation's publicly understated big time big time curious that who call the builders oh man these people here really it's insane like you you think they it's like a multiplex that they've been working on for two years it's just one house house i guess it's a little too late trying to renovate the place to sell it they don't they missed the they missed the bubble peak like like a year and a half two years i just realized you're wearing a long sleeve shirt there i wish i could myself but it feels like 38 Celsius right now in montreal ouch and the humidity in montreal too or toronto is a little bit more humid yeah long sleeve i'm sitting on their shade a little bit of grape shade i got a little umbrella set up for the computer shade and the camera shade so we don't get sun on the thing it's nice here it's nice what do you think of the 1.5 trillion student debt in the us do you think it could be the source of the next economic collapse it won't be the source of the next economic collapse it's just a it means to keep people enslaved 1.5 trillion is nothing compared to what the economy is right now and what the what the scam was in 2008 the the theft in 2008 was in the order of five to five to ten trillion right like huge 1.5 trillion student that distributed individually to people who won't be able to get out of that then they have to they're basically slaves for life right so it's not going to bring that kind of economy down there are other things that might but the student debt bubble won't um no economist but a glass it seems to me to be identical to the housing bubble all backed by massive amounts of subprime loans yeah it is it's the same scam to ching jason obama when he came off as he gave the go ahead to continue to do the same thing right and they are i'm religious and everyone i know loves the use of medical and recreational cannabis nothing against my faith nice ana greetings blessings dr p how are you doing prince obama i'm from denmark the real estate is at an all-time high so i would like to save money for the marketing market to drop cash yeah oh i absolutely agree i think right now is the is the time to liquidate as much as possible and pay off that as quickly as possible once the next crash comes everything will be on sale yeah speaking of downturns don't forget to hold a small percentage of precious metals physical not ETFs 100 percent agree uh malatras to exactly it's the only logical choice for anybody who's even paying a minimum amount of attention housing i really don't see the housing market drop in Scandinavia yeah it really depends where you're where you are right now there's certain parts of the world where housing is ridiculously cheap they say diversity of assets and income is the best way to guarantee yourself so having a salary job to fund your financial prospects is probably the best bet yeah it's a good idea to have some reliable source of income coming in okay however it's also very important to have multiple sources of income coming in so if you're just working in one job and depending on that place to provide you income with this one company and you don't have any investments or you're not playing the markets or you're not looking into anything that you can do personally to increase your net worth uh you're being foolish you're being too risky if the tides turn that company has no responsibility for you they they they'll let you go or reduce your salary or cut back your hours what's the best app to trade on i think that's a general question for the chats i'm not sure i'm not doing any trading right now uh are you fooling yourself if you think you can time the market yeah i agree with that go just however you can not with your nest egg never try to time the market with your nest egg however you can try to play the fluctuations so you could try to time certain stocks but not the general overall economy i want to invest thousands into chichu coin thanks for the support i know once we get there i'll uh i'll let you guys know right love montreal i visit it as often as i can though i don't know it could get that hot that's crazy yeah montreal winter freezing cold summer hot hot humid i live i live the winter in montreal and i've spent a lot of summers in montreal and i've spent some winters in montreal too just traveling checking around this beautiful city beautiful city amazing food amazing nightlife amazing people the usual rate of return is three percent per three percent here from investing in real estate to rent out usually one bedroom apartment have the biggest return and are the easiest to manage but it's a really safe investment property doesn't devalue uh woven i disagree property does devalue okay all those people say that property never goes down in price they have a 100 year time span on their mind right for human being you don't care in a time 100 year time span for real estate you should try to time the market do not buy during bubble periods if you are buying during bubble periods then you better be also selling so if you're selling in the same market as you're buying you're okay it washes out right if you're stepping into a bubble market man you're putting a lot at risk if you're selling a bubble you're not and you're not putting that much at risk the bubble may continue you might be left out of the market until a correction happens but if you're buying and selling in a bubble market it washes if you're buying into a bubble be careful real estate does devalue and when it comes to renting you know you're making three percent return right let's say you rent out to people who i know people who do this right they're they're desperate they need to rent out they need the money coming in so they can pay their mortgage right so they take a risk rent out to people that they know are not the most trustworthy they do tremendous amount of damage all of a sudden they're stuck with the $20,000 bill to fix up the place that's a huge hit if you're a type of person that's looking for three percent return per year right man let me tell you Montreal can be brutal both during summer and winter super crazy super crazy hot super crazy cool love my city all the time nice what are ETS electronic trading funds or something i forget what it stands for it's basically a basket it's what it is is the whatever platform it is that you're on whatever trading house that you're in or whatever bank you're you're trading with or trading institution or something they'll take a basket of stocks and they'll say this is an ETF for cannabis stocks right so you can buy a basket companies in just one buy the cannabis ETF right or you can buy a REIT which is sort of a ETF to a certain ETF to sort of follows a certain certain sector of the market and it gives you returns based on that a lot of money has gone into ETFs for one understand there's an ETF bubble fans of the 2008 mortgage securities bubble should check out the current corporate subprime loan bubble in the form of CLOs collateral loan obligations as opposed to CDOs same exact asset structure different class of subprime loans yeah look nothing changed from the 2008 class nothing right if anything they made it easier to create these bubbles okay all of that thanks to the obama administration texas summer hot texas winter hot top five right by the way taboo top five i don't know if you saw my comment on discord i saw taboo with uh hardy right phenomenal show phenomenal show i can't believe i forgot about it right because i'm bad with names didn't ring a bell right what a phenomenal show with tom hardy sorry exchange traded funds that's what it is exchange traded funds they tend to track the market making them good long-term investments treatment i disagree that they're good long-term investments if the market isn't a bubble ets will take some of the biggest hits it's just a relatively safe way to store savings as opposed to keeping in the bank he agreed a woman one bedroom apartment it's a good way to store it's a store of value to a certain degree but it doesn't necessarily mean it's going to give you good returns and it's not going to go down in value absolutely agree but long term i think it's possible to at least be active on the trends of of course of the course of decades i don't think is considered timing the markets anymore no thanks man i invested last august and i was told that a lot of people don't have a c because it doesn't get that hot in the summer crazy stuff i saw i was excited to see you watched it i'm very excited to see where they take it in nutka san yeah the good and nutka san by the way it's west coast of bc everything that they were talking about it was a west coast of bc west coast of canada basically pacific northwest where they were talking about the deal uh the rights to uh anyway i don't want to give you spoilers with the east india trading company stuff so i'm curious uh very excited for that thanks for reminding me about it by the way taboo with tom hardy is pretty good i felt like it went under the radar for most people despite his status as a movie star yeah uh how can you say that nothing changed since the sub prime crisis given that there are now more much more strict lending rules much more strict lending rules for who for me and you like lending rules in canada just changed for houses uh they brought in new rules a few months ago right they made it harder for people to borrow to buy a house until a few months ago it was a free for all in canada like ridiculous people were like i was i was in a waiting room um in an office like last week right and they had the tv going and i'm just sitting there waiting and they had home buying show or something like this right so i don't watch that crap but i looked at it right and they showed this gigantic mansion was you know 45 hundred square foot house with marble flooring marble countertops island the kitchen hot tub and all the beautiful house right i looked at the prices was listed out in the show it was 450 thousand dollars right us okay that exact same thing in vancouver okay was selling for three million dollars right if you could get it for three million dollars that's a crazy bubble okay what we're seeing in vancouver right so nothing changed they have stricter lending uh borrowing rules lending rules for who they gave themselves uh a gorgeous they gave themselves trillions of dollars of interest free money right so they took all that money the banks and they bought real estate so you saw they put funds together to bought real estate so gigantic real estate bubble right just because me and you didn't have access to that money it doesn't mean the bubble doesn't exist the bubble exists but it's on a centralized level now okay nothing changed nothing changed they put in loopholes that the centralized power can work around all the rules and regulations they put in for me and you okay when you've been an employee your entire life though like most people have and you don't want to bank money because you uh why would you i take a lot of guts to invest riskfully now like when you're near retirement and your pension will lower your income yeah and that's the tax scam right you put your money in a pension and i'm just going to wait until the truck goes by lots of construction still here crazy there's actually some places that in Vancouver just to let you know where the bubble is in Vancouver right there are construction companies that are now uh stopping their construction of multi-tower units because the prices have come down and they won't be able to reap you know get as much profits out of it right so things are shifting a little bit what was that oh yeah taxes so people put their money into pension funds right so they can retire they can live on that money so that was well not for the most part because the you can get taxed right off for that and then when you pull out your money in retirement when you're getting an old age fund coming in from the government or whatnot when you pull that money that's considered to be income when you get taxed on it so people are trying to manage their tax burden by living either frugally or moving their money from here to here it it's just crazy right people aren't free human beings in the western world they're burdened by uh carrying uh the profits of corporations you're in van i'm in van victoria both cities but yeah west coast canada man speaking of pensions we what do you think is the outlook for retirement funds for people in their 20s and 30s for when they retire in however many years uh there will be no pensions not even for me forget about your 20s and 30s there will be no pensions from governments for people of my age either right middle age by the time middle age people get to retirement man good luck trying to live on any pensions you get from the government that's not gonna happen yeah people are in retirement having a hard time living on pensions right now right hello chi chou and chat randall how are you doing your audience might be new to this but i think it's time to raise the issue of life uh extension uh the solution is ready to go today billions have died as a result of inaction and countless billions will die if we fail to act now the question we must ask ourselves is what is what are we prepared to do for more life my solution in that inhibit head structures in the cloned embryo and grow to size using an excised uterus we will then have access to identical organ systems and limbs how about a five-year-old heart uh i as i disagree with that because let's say you put a five-year-old heart in a body of a 70-year-old body right that five-year-old heart is going to pump like mad now are the arteries of that 70-year-old body would they be able to handle that pressure no obviously not right so i don't think that is a viable solution personally for all of humanity and there's moral issues with that uh because we are not just our brains as human beings we are our complete central nervous system right we are all of our organs we are our experiences right so i don't think that's viable it might be um i don't want to get into more realistic aspect of it i don't first of all i don't trust corporations to do this centralize institutions to do this for especially not pharmaceutical companies right so i don't think that's a viable for me anyway and cost-wise it would be ridiculous and resource-wise it would consume crazy you want longevity eat healthy eat less consume less poisons make sure you're not getting antibiotics and toxins in your food supply educate yourself live a healthy life exercise reduce your stress that's that's the that's longevity okay the biggest change they made to the financial system is they required the banks issuing the loan to have a five percent stake in the assets that are bundled from those loans one this change has not stopped the formation of these bubbles two banks are chipping away at these rule changes by getting exceptions even even more or so more so now in the truck yeah nothing's changed treatment i agree with treatment when they all go into that house and see what it is that they're doing building a roller coaster the same structure risk that shattered several investment banks as a result of a subprime crisis simply does not exist to the same extent what's that bank in in Germany Deutsche Bank i would disagree with you regarding Deutsche Bank Deutsche Bank is why is Deutsche Bank still around because they it's too big to fail the whole concept of too big to fail still exists that was the main problem with the 2008 financial collapse right they were too big to fail why were they too big to fail because they were giving free money to buy assets across the economy right everything was centralized that still exists what's your take on ubi either a solution to growing automation and pensions or a way to oh universal basic income or a way to uh subside the wealth gap to keep the status quo uh it's it's not a solution universal basic income it's not a solution while we have monopoly centralized corporations and entities controlling our economy and our politics universal basic income may be a stop gap measure temporarily to chill to basically acting as a floodgate to remove tension in society but in the limit universal basic income is a form of enslavement that may be true i'm not an expert however it's undeniable that we still have huge securities bubbles that will probably burst maybe disaster will not happen to the same extent as 2008 though i cannot say i think uh once the bubble burst is going to be one order of magnitude 10 times worse than worse than the 2008 scam that happened okay i don't think it's going to be less that's for sure and the derivative market is huge it's huge it's huge right no i'm good on extended life i'm fine with turning back into stardust when it's my time yeah amen i agree with that zarae i think universal basic income derived from revenue of automated jobs is reasonable yes how's that going to be managed right uh so is amazon once they go full automation in all their warehouses are they going to give money uh to the government to pay out people in their universal basic income fund is that what they're going to do or is amazon going to play the tax system should say that they've made no profits right over the last whatever 20 years right as amazon how many years has amazon shown profits and paid taxes on those profits right two of those years three of those years i know for the first 10 they didn't show any profit whatsoever i think that's when i was following them right playing them right uh so decentralized institutions will always be able to play the tax system because they control government right universal basic income is not the solution to everything the solution for viable society is the decentralization of our economic political systems very sterns and nemen bars were not too big to fail they no longer exist um they they were dangled okay as oh they failed they were the sacrificial lambs right why weren't the other ones allowed to fail right why were they given true why why were why did the u.s. government take on four trillions of dollars of debt when they bought freddy mac and fanny may they took on the garbage debt that freddy mac and fanny may had put on right houses that they had said were worth a million dollars that were worth 200 000 dollars if you take on four hundred four trillion dollars worth of debt right that really is intrinsic value is let's say at best one trillion not even one trillion right and then extrapolate that as derivatives right so they took took on four trillion dollars of garbage debt right and what that did they gave they propped up the other few trillion dollars of debt that was out there that was also garbage but it was less garbage than the four trillion that they took on right so they pumped up pumped up the debt bubble they pumped up the asset bubbles right i can rephrase things have changed since 2008 the bubble is much much bigger much much bigger it's enormous enormous too big to fail basically means we've bought all the politicians uh so we can't fail yeah what monopolies control our government exactly this should be rich pharmaceutical monopolies right that's that's one like how come how come the government has agreed in the us anyway to pay uh absorbent amounts to these pharma school industries the education system is monopolized okay the post-secondary education system is monopolized in a big way the do an example the one of the things that happened after 2008 financial collapse the housing bubble right trillions of dollars were given to the banks and they formed funds where they went out with those monies right and they bought houses we're not talking dozens hundreds of houses they bought thousands upon thousands of houses so they centralized the real estate market right those are monopolies the comic book industry is a monopoly the distribution of it diamond distributors controls the distribution of all comic books to every single uh comic bookstore in canada united states that's a monopoly it's huge monopolies are everywhere okay no it's a problem of centralized banking uh and regulation too you can't start a new bank nowadays can yeah and money is monopolized right take a look at the paypal take a look at uh patreon take a look at uh start up the payment systems right i mean if you want the the the whole thing with the uh anyway the the money the banking system is monopolized is crazy monopolies everywhere i'm pretty sure you know that uh pocket pocket rockets pocket rocket 98 hey chicho hope you're okay good to join the stream good to join good to have you king tom how are you doing whoa just made the garden stream hey y'all think how's it going hey what's up dante how's life are you happy for me to do life extension uh privately sure i as everyone's free to do whatever they want right as long as you're not hurting other other people right if if you want to do life extension privately do it if you're comfortable with it do it uh but if that starts interfering with my life then we have issues right uh predicting a correction is easy but predicting when is the tricky uh predicting when is the tricky part exactly when are you when are you saying that a correction will occur who knows right a correction will occur when will it occur who knows uh in my life i've made certain bets of certain corrections happening and i've been pretty good with them right some of them i was off right there's been times where i've picked the bottom and wrote it up there's times where i missed the bottom and missed the ride up my track record is not bad for example uh gauss gooses i wrote about the 2008 finally when the bubble burst 2008 collapse i was writing about it blogging about it you can find it on archive.org right if you do chichou you'll find it right i started in 2005 2006 saying be careful the shit is about to hit the fan right some people that were following my work after everything went belly up said chichou thank you very much you saved us right i was talking about cryptocurrencies when we were trading below 30 right a bitcoin below 30 dollars right i got into in 2010 when it hit 1200 i said hey it's gonna burst people are you crazy you're crazy you're crazy and it burst it came out to 200 when it was around 200 i said hey it was a pretty good time to buy 250 right people oh burst it went up to 19000 i said oh i'd be selling i wouldn't be buying you know my mark my thing is 2600 for bitcoin people are you crazy it'll never go down that much it went up to 3000 3100 people asked me it was a good time to buy it not a bad time right and i would i said i'd be selling like a few weeks ago i would be selling i would have sold if i bought a 3000 like 7000 i mentioned that before right most of it i would have rolled a little bit up it's easy to if you're if you're following a certain market you can follow you can get a few for the cycles the problem where people get caught up in bubbles when they lose their life savings where they get burnt is when they jump into a market without understanding that market and following that market for an extended period of time which is one of the things that i say that i've said is pretty important to do right practice okay learn about what you want to invest in and that will allow you to understand the market you want to invest in okay so there's no way when you see prices rising with something go in there with your life savings and put your money in there that's a foolish thing to do especially if you don't know anything about that market why are you even oh i lost oh i lost some of the eight messages we need oh thank you for taking care of business i was predicting the oppression oh here we go chichu what do you think about genetic engineering do you think we could exploit the scientific field to extend or improve our lives we could right however generic engineering is in the hands of these corporate monopolies these gigantic firms that really don't give a rats up rats ass about the betterment of humanity all they care about is their profits so generic engineering could show positive could have a positive benefit to our society but i don't think it will for the short term or for the medium term i think uh it's too centralized and the problem with genetic engineering is is taking diversity out of the environment and once in an environment the system is not diverse then when it is put under pressure right it may completely collapse the best systems in nature are complex systems because they can change they can adapt easily once you genetically modify any system where it is homogeneous then when it's put under pressure if it collapses it's done for right it might not recuperate if a system is complex then it can adjust easily to forces acting on it and it can get stronger that is the best way to deal with it right so i totally disagree with gmo foods gmo crops i think they're horrendous okay and i'm not alone there are countries out there that have banned gmo products gmo foods right so because it's an open experiment uh pharmaceutical companies are conducting with the well-being of the environment to the health of humanity and the health of every living species on this planet right i think it's ridiculous what's going on okay the science science aspect of it i agree with the implementation i'm totally against i reckon it should be regulated carefully to not give the ultra-rich and unfair advantage you hear of billionaires at the moment going through five hearts and tone of uh joint a ton of joint replacements to keep them propped up whilst the poor die young it'll only get worse if left alone think i agree with you 100 percent there's one of the hockey owner franchises in canada i recently needed a liver transplant or something like this right so we put it out there privately i'll pay you know i'm looking for this and some foolish human being right in canada i gave him one of his livers or something and the guy's like 90 years old they got drinks whatever it is right so who knows how much money was transferred right the guy said oh i did it out of goodness my heart because i like hockey and stuff like this the guy's a fool if he did it for that okay that's my personal opinion why not give his liver to someone some kid that needed it why give it to a multi-billionaire that owns a hockey franchise he's free to do what he wants but i am also free to call them a fool okay petty really masses end for what a want of money i realized you said genetic engineering not medicine uh in general but same concept yeah almost all of those fields should be re-regulated it promotes competition and the prices we go down look at the lasik eye surgery and his example yeah much lower cost now than it was years ago but the technology keeps getting better yeah a curious guy loving in the outdoor stream by the way chichu hope you're doing well thanks treatment doing well thank you very much daunte thank you for taking care of business thank you thank you for taking care of business and i hope the sound of sawing and all the noises is not too much for you guys i kicked down the game and i brought the mic really close to me so hopefully it's okay is the lag on my end only great topics keep up the flow awesome niki how you doing thank you great there's definitely a potential for a dystopian future hidden on the premise of the genetic engineering yeah and that's exactly where we are right now to the truth right what do you think the effects of ai machine learning will be on market trends huge huge i would say machine learning ai is not there yet not even close right so it's automation of machine learning and the effects huge we're already seeing it being rolled out right now okay on a very very benign level oh there's automatic cash registers in warehouses you have automated sorting systems right a lot of that stuff is being rolled out slowly once it goes into full production right we're going to see massive job job cuts we're going to see massive amounts of inequality more so than we do right now more so than we do right now have you seen the film gattaca yeah great film i loved it it's basically theorizing what we just discussed exactly and gattaca is a fantastic movie it really flew on the radar for many people great show great show yes and i believe it and the other one was there's another one actually gattaca wasn't that bad it did get a fair bit of a good publicity there was another one that came up it was on the same level as gattaca that was on the same level it was uh they did martial arts with guns they fought each other and was a guy uh christian bail was in it i believe yes and i believe it would be a good prediction of what would happen to our societies if genetic engineering was freely exploited and that is exactly what's going to happen right because that is exactly what is happening right now i caught up with the chat cool plumb my plum jam no it wasn't the island it was um the island was very good the island is actually what equilibrium yes perps equilibrium equilibrium was really good ah yes the island is what you're talking about the clones right but what you're talking about is without the brains it was equilibrium good callouts perps yeah equilibrium that was a great show very underrated didn't it ain't very few people's radar is ironic you think people 100 years ago being told that all jobs will be automated thought that it may be utopian society yeah they didn't they didn't expect uh it wouldn't be uh the government that maybe people were still in their impression that the government cared about them right do you think tools could be developed to accurately predict something like stock price trends yes and they're in existence right now okay if anybody can know where price is going then what it's something i think about pretty often i'm super interested in the field uh twitching jason check out um the personal finance or economics playlist that we created where i was the video where i was i was graphing stuff on a semi-log graph where we're looking at different places that you could have invested in over a hundred year period right and looked at the cpi and stuff i think it's in personal finance if it's not in personal finance it'd be in uh economics politics and it's for sure in the asmr mathematics playlist right so it's basically talking about where you could have invested in now what you're talking about the person that i mentioned um martin Armstrong was one of the first people that implemented one of the algorithms to do stock trading to do predictions right and in 1994 a fund opened up where a bunch of mathematicians got together and created this fund where you could have invested in at the time to put your money in okay after i think three or four years they closed the fund to outside money only employees could invest money in that fund in a ten-year period okay someone mentioned that you know investing in real estate you know you can get three percent return per year right three percent is basically inflation you're breaking even it lost inflation you're breaking even right this fund that was put together that came on the market in 1994 okay over a ten-year period on average every year its rate of return was 71 percent let's say 70 percent you know within that range plus or minus five percent i think i think was over 70 percent or 78 percent 70 percent return per year for a ten-year period that's huge and there were a bunch of mathematicians and all they did they wrote the algorithms they look at the mathematics and they put their money based on predictions right what you're talking about twitching jason is already in effect okay it's already been it's already it's already been rolled out like 25 years ago 20 years ago 30 years ago okay it's only available to a handful of people yeah 70 percent 70 plus percent i think it was like 78 percent per year or something huge if you had we looked at the numbers if you had invested like a hundred dollars in 1994 in 2004 you would have pulled out like a million plus dollars or something i forget what the numbers were right 78 percent per year over a ten-year period and they say a good rate of return is five percent hilarious how much longer will the stream go for chichu about another 45 minutes hannah that's so true i have a question how do you tell the difference between oppression and fair rule realize there's a parallel between what the uk's thought thoughts towards the eu mimic ireland's thoughts towards the uk though everyone for one everyone's for one and against the other obviously the eu has been no way near as harsh but the lines have been a little uh blur between the two i think the way i look at it is i look at the power that a centralized institution has right if a centralized institution has the right to tell people thousands of miles away what they can eat how they can trade how they can live how they can communicate that's gone too far because that centralized institution does not live where it's passing laws okay that goes across the board in canada united states with the federal governments right they're passing laws people are sitting in auto offices you got wasps around you people sitting in ottawa or washington dc that have never been to certain regions in canada united states and passing laws for those regions why because a corporation wants to exploit the resources in that region that's too much power okay uh i'm not sure if i answer your question properly if i didn't let me know uh i'll try again uh yes i think i've seen it uh i'll look for it later today i just can't imagine with all the data we have over the course of decades what we could do with it so we could do exactly that make predictions which is one of the things that is being done right now analytics is huge right what would the decentralization of that kind of power do to the markets on when they're crash them and then it would build up local economies major right so what it would do is take power away power away from centralized institutions and it would empower local communities and local regions right during the transition we would see some turmoil a lot of people are afraid of that turmoil maybe because they're in retirement age they don't have long enough to live to be able to deal with that turmoil maybe they don't know what that turmoil is gonna mean or how they can take advantage of that turmoil to build up their assets make themselves more financially secure and stable lack of education what's going into my year i don't know if you guys saw it or if buzzing i appreciate the discussion by the way i don't expect any uh definitive answers i believe this is an ongoing conversation for sure twitching jason and please take anything i say with grain of salt i'm sort of setting my ways to a certain degree because i've played with the markets and i know what the markets are like i know what the markets are like and how's how governments empower centralized institutions and impoverish individuals right i know the type of rules in place right now that bypass some of them bypass some of the rules that are put in place to prevent individuals from becoming financially independent while the allow corporations to acquire more assets so there's a lot of stuff in play right but take everything i say with a grain of salt please would you have uh voted leave in the uk brexit referendum 100 percent 100 percent i supported remain at the time but the more i studied it the more leave i swung to the point i voted leave in a second referendum for the course yeah morris i would have voted leave like leave yes get out get out get out piss off you Brussels you you banking institutions right because they're not for the betterment of my neighbors in my community right for the well-being of me they're there to pay off those who are only interested in money to do the bidding of the corporations right there are some good things associated with the with the EU free freedom of movement where you know if you if you're born in the EU country i guess it must say you're a citizen of the EU country then you're allowed to work you know in another EU country sure freedom movement is okay but that's also created problems where certain EU countries are impoverished so people moving move from there to the better off EU countries and work for lower wages and not as good a conditions and then send the money back to them but what about the people that are living here right they're getting screwed over okay what are they supposed to do regarding oppression i think then that large institutions need to rethink the way they implement their rule then i think they should look to educate the given countries and let them make the choices rather than tell them to obey 100% even if this this decision is for for the better is for the better of the world world for the betterment of the world for example climate change regulations yeah tink yeah i disagree with dictatorial totalitarian rules period that only gives power to centralized institutions we notice not only based on history not only based on what we're seeing right now but based on every every science fiction story right that has decided to tackle the this concept when they take it to the limit it's all dystopian societies they're all dystopian there's very few science fiction thoughts out there where they take this centralization of power to the limit where is for the betterment of humanity or the betterment of the environment or the betterment of this planet right it's all bad just telling people they need to accept the change for the worst is a load of crap yeah give it give them the argument and shame them if they choose greedily but don't command them good discussion yeah and be willing and don't censor the the discourse the dialogue right because as soon as you censor people you shut them off right then there is no debate you can't really discuss the data to come up with a solution because no matter what thoughts they have that might be foolish in your opinion they do have valid concerns that is the reason why they're thinking that way as soon as you shut them off you shut yourself to possibly coming up with solutions that the system that the system needs right so the censorship as soon as one of the things I think of it was take that answer someone else one way you know that centralized power is abusing their power you've gone down the dystopian road is when they kill discourse when they censor thought right which is where we are right now as soon as a certain segment of society is not allowed to participate in this discussion right then you know you're down a dark road period okay borderless mass of unskilled labor results and lower wages for domestic working class and also allows for brain drain for less developed economies I support remain out of the lack of a coherent plan for leaving but Germany France etc are in decline economically so what is the benefit to staying yeah worse I I agree with you the western powers are on the downtrend right and right now they're doing all they can to keep control right maybe committing economic terrorism economic warfare straight up proxy warfare or whatever it might be right we already teach kids to not have their own thoughts we brainwash them with stupid TV programs that tells the kids how to interact with others the less other the less own thoughts they have the easier it is to control them yeah that's why I agree I think one of the main places that we have to decentralize monopoly power is education the one of the first places we have to tackle it's you know there's there's monetary money that we have to decentralize food we have to decentralize health we have to decentralize and education we have to decentralize once we decentralize education we're going to see a tremendous amount tremendous number of solutions popping up for a lot of the ills in our societies really is one of the problems with our societies in the western world right now and other parts of the world is a centralization of education okay because it's the dictatorial you're not allowing people to think about solutions you're telling them what the solutions are which aren't really solutions chico do you think plants grow faster with more co2 ah yes I know where you're going with this plants need co2 yes right plants need co2 only germany is in decline all france is in decline and not even really germany is on a downtrend germany is on a downtrend there's no doubt about that don't you i got some cinnamon bun here squishy cinnamon bun the earlier you start the better can you imagine if you if we were able to rewatch these types of discussions that were held 50 100 years ago what a time we live in yeah that's one of the things that sound that I find exciting to look back on these things and uh see how well they hold up I know some of the stuff that I wrote in the past has held up really well some of the stuff I wrote didn't hold up well right so everyone is right and wrong their growth has just slowed uh daunte once you go slow growth slower growth when other parts of the world are growing like if germany is growing I don't know what is growing right now let's say they're growing five percent per year right not even three percent whatever it is five percent per year if in other parts of the world we're growing at ten percent per year based on exponential growth you're in decline because it's not about the absolute growth it's about differential accumulation what we talked about before right it's not it doesn't matter if you're growing if you're growing below the averages you're in decline in the limit you're done Italy is the only EU country that has a negative economic growth in one of the quarters didn't Spain have as well and these numbers that they're putting out these centralized institutions man I wouldn't trust them one bit your information isn't correct negative growth is not the only thing that matters uh Jilly Jilly Albania okay what is important is the averages it's about differential accumulation do do a search for chicho and differential accumulation we put out like three videos on it right watch the most recent one and sort of goes through the summary of the rest if this is the averages growth let's say this is inflation right so best example we can do is inflation right assume this is inflation you have to be getting a higher return than inflation because if you're not getting a higher return than inflation then you're losing right because if you're here then inflation grows like this you grow faster if you're below inflation inflation goes like this you're done for right that's why everybody's chasing growth because they're it's induced inflation right so it's not enough just to be growing at 1% or 2% what's the averages that's what you have to look at stop jilly just playing some data uh under lords and listening I love this streamer thanks for showing it to me ah and so jilly you're new here welcome I hope you're okay with a little disagreement here in EU as a EU citizen you have the right to search medical help in other countries for free as long as it's considered standard medical help otherwise you still have to pay cool that's really good that's one of the benefits right but this is something nobody tells the people who need the medical help well that's unfortunate how can you socialize children uh without teaching them uh relative cultural norms everything on earth is conditioned to a certain extent because it's hard for them to socialize in school right why would we need stupid tv programs who does it who does it for us well centralized institutions not true the EU has growth slowing across the board I thought you meant negative growth uh no not negative growth it that because the growth numbers can be fixed right so you can't look at any country in a bubble as an absolute everything is relative right you have to can look at stuff relative to the global economy right like US dollar is a fiat currency that has flooded the markets right however relative to certain other currencies it's a good place to be all right relative to other things it might not be a good place to be so it's all relative Mario Draghi even speculated they're on the cusp on an economic shock yeah well then Europe has been declined for a century relative to what Dante because they've been growing they were growing much faster I mean war war two after war war two kicked them into a major boom period where they had to rebuild everything all right last question what's your thoughts on Boris Johnson he's come out promising more investment in just about every sector where lower taxes for the rich seems complete madness but maybe he can shake uh some good things out of our apartment no Boris Boris Johnson is a schmuck he's a joke he doesn't control anything he doesn't he he's just a puppet is who's is pulling his strings Boris Johnson I wouldn't even invite him my house I wouldn't even have a drink with him I wouldn't even share well I would share bread with anyone really but uh I would feed anyone really but Boris Johnson might be inclined not to feed okay no I don't think Johnson knows what what it is he's talking about he's just a he's just a mouthpiece he's garbage that makes the definition pretty meaningless that which one yeah Europe decline Dante in what way growth for example let's take all the countries in the world right let's assume every country in the world was growing at 10 percent and your country was growing at three percent you're in deep poop it's just it's just exponential growth it's just the way it works by decline I meant losing pace yeah as I said it's by decline for me when I say decline I mean this they went from five percent down to four percent down to three percent down to that's a downward for me I just think for the mathematically that's a slope that's going down it's still growth relative to zero but it's a slope going down right as I said that's been happening for a century I don't know Dante I would have to look at the numbers I would have to look at the numbers you mentioned earlier how you used to give your take on good times to buy and sell bitcoin to my understanding you no longer traded though why is that because I'm not into doing trading I'm not into just spending my time my resources my energy on making more money okay I've reached the point of my life where my life is not about money I don't live extravagantly I'm not you know I don't want to buy I don't want to buy Lamborghinis and stuff like this I did my parting phases hardcore for a while where I was made good money in a blue good money right so I'm not I rather put my time my energy my money into this right and doing this takes time energy and money really okay so thank you for anyone who's subbing following supporting patreon donating all of that right but I rather do that do all of that doing this because that allows me to sleep well at night and for me that's also a place where I'm investing right because I think me doing this in the limit is the best thing for our society and if it's the best thing for our society then it's the best thing for me okay because in the future I'll have hopefully communities that we can rely on good food supplies hopefully the sound of the people sighing is not too much it's crazy the amount of construction like it's insane what people have been doing they're spending tens of thousands of dollars to renovate their homes which are perfectly fine perfectly fine so they can kick up the value on it so they can get more debt on the house so they can do more things with that money while and those things does not mean paying off that it means going into more debt and then what happens with the value of the house comes down a little bit people are I wish they understood more about cycles italy is a wealthy country but all the wealth is in the companies from other countries in the ma in the mafia and other rich italians italy is a typical example of country that just takes and takes money and never invests back in country yeah many countries are like that relative to the us first then china relative to china is growing like mad certain parts of asia are growing like mad so africa is growing like mad right that's one of the reasons uh western worlds have so much interest and china has so much interest in so much geopolitical games and war being played out in africa like nigeria it's estimated the population is going to triple in the next 100 years that is growth beyond belief right exactly my point is that italy is not a poor country just because it have low increase in money the problem is all the money is either leaving the country or it's ending up in the pockets of others so when you do these calculations then it will show a decline in money yeah the post-war boom was still dwarfed by us growth the us growth was war growth right us stepped on to the economic landscape after world war two after world war one really right are you saying global warming is good for plans i guess imagine uh imagine believe that politicians are still in control and have the power in 2019 yeah they don't like really nobody in canada really believes that true dough just in true dough calls the shots who believes that no one really believes that that is the corporations it more corporate than the conservatives share that mouthpiece for the corporations and for the born again christian fanatical evangelical lunatics right no offense to anyone who has religious beliefs but when your religious beliefs say that majority of humanity is going to burn in hell then you need to reevaluate your beliefs right when you start passing dictatorial laws to take freedoms away from people to force a certain ideology down their throat you're a dictator right the us overlooked europe in the early 20th century asia followed in the past couple of decades and soon africa will follow as well yeah it overtook us overtook europe in the early 20th century yeah europe is europe is stagnation to a certain degree right again that's a long-term trend yeah i agree with you don't tell on that level for sure but not very useful in analyzing year to year growth no year to year growth is uh is different on a decade well on a decade level we could extrapolate decade because the year to year is the high frequency stuff in the more broader trend right in the more broader trend for sure europe is in the decline that's one of the reasons they open up the floodgates and european countries are allowing mass migration to their countries right because they needed the population boom they needed that growth to keep up with the rest of the globe in my republic we have a growth rate of about three to four percent but it's far from enough in terms of value yeah construction noise construction noise i hope it's not too much for you guys game my apology for this i might try to when we do things outside i might try and do it early in the morning and maybe during holidays and later in the evening when you know they can't well the construction goes late so the noise by loss you should buy the house next door is making a shot the mom i wouldn't pay i wouldn't pay whatever it is they're asking right makes sense ray dalio says we need meaningful relationships and meaningful work yeah i don't know ray dalio well someone said we need more financial growth which is pretty much that yeah it's a debt based economy which is in the long run it centralizes power so keep renovating houses and buying houses imagine a politician saying we don't need coca-cola or mcdonald's in our country imagine imagine what would happen i think they get taken out those we know coca-cola has death squads right they've been they've had death squads operating in columbia for a number of decades right probably in all of south and central america blum so good so good we got construction going on here i was hoping that we take a break during lunch hour but they're not taking a break we got construction over there the good thing is we don't have the people with the doing yard work with their like you know gas-powered cutters and blow blowers and stuff in some areas in south america where coca-cola gets all their water from it's cheaper to buy coca-cola than water yeah and they pump out the water so they go into a region here's the here's a factory coca-cola in the middle right they dig their pump out start pumping out water hardcore the water table sinks down all the farmers all the neighborhoods and stuff like this the towns that had wells that were originally in the water table when the water table drops their wells go dry guess what they're out of water oh oh coca-cola death squads first time i'm hearing of blah blah what's that about do a do a do a search on duck duck go there are deaths coca-cola has been what they call it i don't know if they've been convicted i think they have been convicted taken to court and it's been proven that they hired death squads to kill people to blah blah blah just do coca-cola death squads they've been in operation for a long time locals have been living in in some areas the locals who have been living of the waterhole when cc buys the waterhole the locals are not allowed near it yeah for raid the adalio meaningful work means emotionally abusing employees at his investment firm through radical transparency there was a good article about him in current affairs oh really i don't know him you live in a rich neighborhood i live you know what uh all of canada is rich well not all of canada but west coast of canada is extremely rich relative to huge parts of the world but it doesn't mean everybody is rich here right a huge chunk of the population here lives with that like i don't own a house i don't own a property so i'm a renter right so those people a lot of those people who own houses some of them the senior citizens because the property values have gone up so much that means the taxes on those properties have gone up so there's been a lot of senior citizens that have been forced to sell their homes they've been in for like 40 years because the taxes have been too high because their pensions don't cover the taxes right is it rich it's a great place for multi billionaires to launder their money that's what canada is known for it has been a great place for corporations and multi billionaires multi millionaires who have acquired their wealth from other countries to come here and launder their money that's what the centralized government in canada has allowed to the detriment of the citizens of canada right so there's a tremendous number of canadians that are living in poverty okay tremendous number okay there's tons of homeless in my area a ridiculous amount of homeless the drug abuse rate is insane right like we we had someone go into our car break and not break in but go into our car and take change and steal stuff from the car we see homeless people walking around the neighborhood thank you how is that you know what is rich i don't know what rich is is that tea or beer it's tea it's tea my tea i'm not a beer drinker i have had my periods where i was a beer drinker but i'm not i don't drink beer anymore is that how you're dealing with the noise usually during when construction the house by the way that we're living in you close the windows the noise it's got great sound insulation so you don't hear the construction going on Ray Dalio is the founder of Bridgewater Associates the most successful hedge fund in the world yikes we'll do yeah i'll look it up that's fascinating the value Dalio does seem like he has good things to say sometimes to his credit does he are you on pension no no no pension no pension i i live frugally man i live as frugally as possible as i can i've gone through cycles i've gone through cycles right and right now i'm in the state and i have been the state for a very long time maybe i'll go into a different state is i don't know right but i manage my finances i don't if i can't afford something or if i'm on a major budget on low and funds i do without for a long period of time until i can do with and i do with right do the main things that i that i need for what i do i need to eat healthy i need high speed internet to be able to do this i need to acquire certain types of equipment to be able to do this right i need to be able to afford to be able to travel and stuff like this and i need money to buy comic books and books i like buying books and reading books and stuff like that that is what it is for me i don't all of the stuff that we're talking about the markets and whatnot all of the stuff i participated in a long time ago and i've followed a lot of geopolitics on political news economic news and i follow a lot of trends right there's certain stocks that i follow just to see what they're doing and the news that they release right like someone asked earlier what what sites do i use to get my economic news you know zero hedge uh armstrong martin armstrong real news net uh different things right different news sites but i also follow specific companies right i follow their stocks i follow their quarterly reports or yearly reports right sometimes i listen in to their yearly broadcasts right because that gives me an idea of what what's going on what their plans are because all of that stuff once you're they're on the public markets they have to share that information right sometimes they manipulate the number a lot of times they manipulate the spreadsheets or numbers and they don't report the stuff but the analysts go through that stuff and they say hey they're hiding this they're doing this or they're doing phenomenal right so i also follow certain stocks even though i'm not investing in those stocks right right so i see what they're doing and see you know i sometimes i do the 50 day 200 day moving average i look at the uh story whatever i look at the bands i look at uh the different metrics of their stocks just to see what the trends are the volume of the trades and stuff right i like it i like data the good don't prosper the good don't prosper the good the what is prosper is the good don't prosper um as far as i'm concerned i i'm wealthy not in terms of fiat currency not in terms of precious metals right i'm healthy i have i'm and wealthy right i'm fairly healthy i got amazing amazing uh friends that i have kept over the years and i've developed and i've put my time and energy with them i have a great family structure i have i have amazing people that i need to interact with right i've acquired a lot of knowledge right i know how the world works so all of that stuff to me is prosperous i know people who are millionaires who are miserable who are stressed beyond belief they have health issues their relationships suck right they try to do everything and anything with their money to fill a void that they have in their in their souls right that to me prosperity is waking up in the morning and being happy that you're there right waking up in the morning and having things that you would love to do that allow you to create to share right to make the world better for me prosperity is knowing how to cook and go into the kitchen and spending five hours to make plum jam right that you can eat during a livestream that to me is prosperity i know people who are extremely well off that don't cook they don't know how to cook how could you not have a relationship with food if you don't have a relationship with food you're not prosperous because if anything goes wrong you can't feed yourself right if you're not healthy you can't go for a two-hour walk absolutely happiness is the metric happiness is the metric to measure yes right and sometimes disclaimer sometimes you will be sad sometimes life deals you a bad card you have to deal with it right but having the knowledge the the emotional stability and the mental understanding of what is happening to be able to deal with life's burdens that is prosperity plum jam on a live stream is the key to life you heard it here first guys awesome awesome fun game nice live stream nice live stream enjoying it very much great conversation and we actually pretty much stayed on topic for this live stream which is basically personal finance and economics and whatnot right so that's great that's great i haven't set up any more live streams happiness on a macro scale then haha yeah micro skill as well right but work towards a macro skill make it share share your happiness right share that prosperity with others so they have a feeling of what it means to be prosperous to a certain degree we're almost a two-hour's game and the sun is coming up over here i'm all sun fun so we'll we'll probably call this a stream okay thank you for being here thank you for participating thank you for all the questions thank you for the corrections thank you for the information i as thank you for poking the hornet's nest it's important to ask these questions it really is right i will set up more live streams maybe later on this week but i'm going to be busy later on towards the early next week for a few days so we might if i can't put on a live stream actually might not even do a live stream might not do a live stream until mid next week late next week we'll see i'll try to get one in but who knows okay but uh i will announce them sooner rather than later i hope and i will try to shoot some videos to edit and have them up on bit shoot and youtube and i'm going to start loading on the live streams on bit shoot and youtube the last three that we did starting tomorrow lagging a couple days at a time okay if happiness is them is the metric to measure and money makes you happy is that okay is that individual wrong and their values skewed uh no but money is not going to see them through life okay john john mayonnaise i know people who are very happy to be rich however money is not the only thing that you have to deal in life you have to deal with other things that life throws your way and there are things that life throws your way that money doesn't have an answer for money can't buy there are things contrary to what people might think there are things that money cannot buy your health is one of them it might get you out of a trouble but if you have serious certain health issues because of your lifestyle may you've been drinking too much doing too much drugs uh eating unhealthy and whatnot then it was money that got you in that situation if you're eating french cuisine and high-end restaurants every day with lots of butter and not exercising well you're not going to be very happy right i've known people that would trade it their all their wealth for their happiness right for their house for their health right i'm talking millions of dollars to get their health back and it wasn't going to happen okay and if you're just chasing money trust me it's not going to bring you happiness it won't one of the things that money doesn't get you is love right and you know you have true love may it be on an intimate level or a personal level or whatever it is uh during hard times right and everybody with money goes through hard times of certain points in their lives and when if you have money if you've gone through hard times and you see certain people disappear you know that wasn't love they were there just for the money right hold on to the ones that stuck with you i'm late see you fireberry and thanks for popping by last word is the song called money is the root of all evil or biggie would say more money more problems man more money more problems thanks for answering my pleasure man is okay gang thanks for being here and uh i'll try to get another stream in before uh before the certain few days of work that really kicks in okay great stream take care you to treat man you to treat man okay hope you guys have a fantastic week bye for now


Good afternoon, folks. This is Steve Rhodes coming to you live from the shores of sunny Delray Beach, Florida. This is your 2 p.m. update. Currently, I have all the U.S. indices that we track trading to the upside. Dow's up 100 points. The S&P's up 2. Nasdaq 100 is up 11. Russell's up 9. Semi-zer up 29. That's a little over 1%. So, they're the big winner out there. We're going to go take a look at its chart momentarily. You've got Goldtrain back $6.60. 17.25 is the print there. Silver's off 19 pennies at $18.94. Lights recruit back $7.75. 96.35 is the print there. Natural gas off 17 pennies. She's printing at $6.24. The 30 treasure's up 18 ticks. $139.09 is the print there. So, let's go take a look at the Semi-conductor index out here. We'll take a look at the other indices as well if we have the time. Let's go take a look at the semis out here. So, what the Semi-conductor index has, it has generated a buy the D-point button. This is the daily time frame chart that we're looking at. So, this is a larger A to B equals CD pattern. Now, it's confirmed with this rising window, that gap to the upside three, four trading sessions ago. Now, price is inside a bullish structured profile. Price is above its red oscillator and change line. What this suggests is the semis should go target the top of their profile. That's at $218.81. That's what the daily time frame chart is communicating to us. The weekly chart formed a, well, I could do it here. Just that oscillator and change line is not going to be correct, but I think you'll forgive me on that. It's still going to show the daily time frame. We'll change over to the weekly chart. This also confirmed an A to B equals CD to the downside. That was confirmed last week with a bullish piercing candle. That suggests to move up to $220.72. So, the weekly says $220.72. The daily says $218.81. That becomes the price range for the semiconductor index. Now, here was just simply take a look at the SMHs, the ETF for these semis out there. If we take a look at the other indices, well, actually, let's take a look at the S&P market print. Let's just do something that's going to give us some type of signal information, if anything. Here, on the 60-minute time frame for the S&P, this had a bullish crossover just as we were basically coming onto the 2 o'clock. Now, that was about noon or so. 236 instruments trade above the top versus 156 trading below the bottom. Let's take a look at the 4-hour time frame chart. The 4-hour time frame chart is also bullish. 188 above the top, 140 below the bottom. The daily time frame is absolutely bullish. 161 above the top, 168 below the bottom. It's the weekly that is the real trouble out there. But we should see a further rally inside the S&P 500. This market breadth is set up for that to unfold. Folks, stay tuned. Your favorite polar bears up next. Have a terrific Tuesday. I will see you.