Diplomatic negotiations, such as the reported US-Iran 60-day memorandum of understanding, often involve complex details and enforcement mechanisms that determine their actual effectiveness. In parallel, successful investing requires diversification across asset classes including international ETFs, commodities like silver and gold, and real estate investment trusts (REITs), while avoiding concentrated positions and high-risk leveraged products. The key to wealth building involves maintaining a balanced portfolio, understanding market valuations through metrics like forward PE ratios, and recognizing that income growth remains the most reliable path to financial security.
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Iran Peace Deal Reached? + @MeetKevin Returns to Graham StephanAdded:
All right. What is going on, my brony bros?
Yo, my pink brony bros and we dance at the gig clubs. Oh my god, I'm just having fun on the stage in my hooves.
I'm wearing a man thong down at the Pink Brony Club. I'm going to keep on crapping at the Pink Brony Club. I'm going to keep on crapping down in West Hollywood.
I'm going to keep on fapping at the Pink Brony Club.
Pink one.
Give me one moment.
Oh, cool. There's an audio delay calculator. Nice.
Oh, freak. Yeah, dude. I need to get this. Where is this at? Where's the delay calculator?
I'm absolutely saving that to my faves, bro.
Oh, hell yeah. That's cool. I'll have to do that later. It's pretty pimp.
Squares TV, huh? Hell yeah, bro.
[ __ ] yeah. Yeah.
Oh, yeah.
Annie says, "Hi, Garza." What up, Annie?
How you doing?
You're a pink brony, bro.
We're all pink brony bros, man.
So, the question is, is the peace is it has a peace deal been reached?
Iran deal. Okay, we're going to figure this one out together. Did they make a deal?
I have no [ __ ] clue, dude. We'll see.
We'll see. Has a clue, not a clue, has a deal been reached.
OMG.
We shall see if a deal has been reached.
I want to unpin the message and then please double tap the screen. Blah blah blah.
You're a pink brony, bro.
And you dance at the gay clubs. Oh my god.
I'm just having fun on the stage in my hooves. I'm wearing my man thong down at the Pink Brony Club. I'm going to keep on fapping at the Pink Brony Club.
All right, let's see.
Did Iran is there an Iran peace deal?
Well, I want to know what's happening.
I'll just look up Trump.
Hell yeah, bro.
Oh, hell yeah, dude. DOJ opens up.
>> All right. And we do >> investigation into Trump breaking news.
>> Dude, Eene Carol, this is so deserved, by the way.
Eene Carol, I think, dude, I think she lied, bro.
Oh, hold on. Breaking news. Hold on. The the deal may have been reached.
There may be a deal.
>> Breaking news. We can now confirm that the US and Iranian negotiators have reached an agreement on a 60day memorandum of understanding to extend the ceasefire and launch larger negotiations on Iran's nuclear program.
>> This isn't a real deal, dude. Come on, man. Come on, dude. I just The deal should be the Iranian regime should surrender.
>> This is significant. Sources are telling us that it is now awaiting Trump's final approval. And the signing of this agreement would be the most significant breakthrough since the war started. But a final agreement that addresses Trump's nuclear demands would still require further talk. So this is a memorandum of understanding.
>> It's significant. And >> no more waiting. Either you Oh, I'm so sick of the waiting.
I don't trust Iran at all, dude. And they're not gonna open up the straight.
Smok and mirrors, bro.
>> Harris, I spoke to a senior administration official at length Sunday and they were emphatic saying no dust, no deal. So if they've reached this, you would think that there is a deal on the dust, the enriched uranium.
>> Well, I don't know because what you just said, and by the way, Axios had this a couple of hours ago and I don't know how many other networks I still hadn't really seen it break. We all needed to confirm this for ourselves. And so now that Fox has done that, we're talking about it in more detail now, but I don't know if it if it deals with the uranium that's been enriched and whether or not we take it out of that country, leave it in the ground. What kind of a deal would be worked around? The president has said that if we don't deal with that aspect, then it's not a good deal for the United States.
>> Yeah, I want Trump to just end it already. We shouldn't be we shouldn't be delaying either. Either Iran agrees no nuclear development, no nuclear weapons development or or we continue to bomb.
That's the way it should be.
Iran has delayed this for far too long.
We need to step up and say you either agree and if you disagree with anything that we're laying down, we're just going after you.
>> What this to me is about is that straight of horm. I mean, that's that's what this is telling me. And because it's a 60-day ceasefire and we're, you know, we're not that far into this one, >> right? We're we're about 55 days or so into this one. So, it's almost doubling the time that anybody might have thought we would have done it. And this is about money and resources. They had to open up their internet a couple of days ago in Iran.
>> Yeah. I don't think we need to negotiate with Iran.
I think they either agree and if they disagree, they're going to get one thing coming.
Uh, double tap the screen if you guys are tired of Iran.
If you guys are sick and tired of Iran, double tap your screen. All right?
Because I'm done with Iran, dude. And I think that this ceasefire I I hope it's successful. I hope it's whatever it is.
But I mean, this is crazy. This is 100% crazy.
>> They are getting crushed economically.
They do a lot of commerce. Well, all of our countries do online. They weren't able to do that. That was not, by the way, for giving the citizenry more freedom on the internet. No, they can't move anything out of their Iranian ports because of the US blockade. So, they got to try to do business a different way.
And Marcus, I see you nodding at me.
This comes down to money. And we're taking that real live look of ships that are waiting to kind of get through the straight of Hormuz, what that could look like. If this loosens up oil, remember UAE just pulled out of OPEC and OPEC plus. They could flood the market with some oil. We know that we are able to um process uh the crude, the tough crude coming out of Venezuela. Our ports are ready to go along the Gulf Coast. This could be a huge impact in the oil industry. Bring down prices pretty quickly and flood the market with oil. I think it's it's really interesting.
>> Absolutely.
>> I don't know though. They just tried to hit one of our bases in Kuwait and Kuwait had to like intercept that Iranian missile. I don't know if they can sit past ceasefire's already been pretty shaky.
>> We got to stop working with it. We got to stop working with Iran.
>> It's just not worth it in the end. It really isn't.
>> Um, and I think you guys know that I'm right.
We got to stop trying to make deals with these people. They're not They don't want a deal. They don't really want a deal. That's the problem with Iran.
Iran doesn't actually want a deal.
>> You a quote from this senior official.
This is what they said. This was Sunday.
We have a deal on the nuclear stockpile.
We have a deal on the straight of Hormuz, but we are negotiating language.
There's not a deal until there is a deal. And they said it'd be five, six, or seven days. This tracks with that, and it would be monumental.
>> It tracks with it, but it's still not a deal yet. And I think that's important.
And when you look at one thing that I always want to remind everybody, we went to Iran because we have a zero tolerance policy for nuclear weapons. But we are at a point where the economic crisis is starting to brew a little bit. Inflation came out this morning at 3.2 3.3. That's problematic. Energy seems to be stabilizing a little bit. Oil dropped a little bit this morning. But when you look at what that straight does to boats, to baskets, to balance sheets, to a lot of >> We got Mark Sammons in the house. We got Annie, of course. We got Tiny Lion Gaming.
Tiny Lion Gaming says, "Someone said the fir the hardest part of the of every five-year war is the first two months."
I don't think this is going to be a fiveyear war. I think this is going to end quickly.
But yeah, Trump needs to just I I don't know. I just don't trust I don't trust Iran. Mark Sammons, how you doing, bro? Life is going well here in Oregon.
It's going well.
But I'll say that I live in Ohio.
We will never be royals. Royals.
It don't run in our blood. That kind of lux just ain't for us. We crave a different kind of buzz.
>> Let me be your >> different things. Consumers are starting to really feel it. And in the summer, we know that oil prices go a lot higher just because demand is a lot higher.
>> I think this is a perfect balance of we don't need to blow people up. We need to get money flowing and we need a period of time to negotiate how that's going to work. I think this is classic textbook Trump negotiation, >> you know, and a lot can happen in 60 days. We've seen Iran acting out. Also remaining to be seen, President Trump said he was demanding Saudi Arabia and these other Gulf states join join the Abraham Accords. Does that happen?
>> Yeah.
>> Yeah. You know, and I I thought that was very interesting when he announced that because he's adding a new layer to things when people were worried, oh, you know, is what's going to happen with this? Is he is President Trump on his back foot? He's saying no, no, no.
Yesterday, I thought it was very interesting when he said, and it was a message to both the Iranians in charge of their government right now and Americans saying they think they're putting pressure on me with the midterms. No, I feel like this is not just a legacy building moment for President Trump. It's more than that. It is about international security.
>> I think Trump's kicking the butt, dude.
No, I think Trump is actually kicking ass, bro.
I know people don't want to believe me on that. They're like, "No, he's not.
No, he's not." Yeah, yeah, yeah, he absolutely is.
You guys refuse to believe in the Trump, dude.
>> So, it's not just about, you know, another election cycle. It's about our children and our children's children and and our overall safety. So we do await details on what this deal actually means and what is actually being reached. But just from a 30,000 foot view here, you know, there's this constant narrative and I see it every single day that Iranians some the Iranians have somehow have the upper hand here when they have absolutely no >> Yeah. Why I keep seeing these these libs these these stupid liberals keep saying that somehow Iran's winning this war?
how Iran has been decimated completely.
Their military is on the fritz. We've sunk their entire naval fleet. I mean, come on, man. Let's be real. Let's be real.
Iran's cooked.
No, Iran's cooked. And and I think I think you guys know it.
Mark Salmon says, "Guarantee XRP going."
Why? Why do you think XRP is going up, bro?
I don't think it is, bro.
My boy TJ sent me something here.
Breaking news.
It is 7:36 p.m.
May 26th or no 27th and uh my odometer is one mile away from saying 18.
>> Hell yeah. If you flip it down or backwards, it's kind of thous >> DJ's killing it, dude.
>> I love it.
>> This is an amazing piece of history.
Oh, TJ's killing me, man. TJ's killing me. That's so funny.
That's some funny [ __ ] brother. That's some funny [ __ ] TJ almost reached um he's almost it almost says boob on his odometer. It's epic. What a beast. What a stud, dude. I love TJ. He's the man.
Tiny Lion Gaming says, "Fine, I'll buy $50 worth of XRP." I still I still think XRP sucks. I I think all cryptocurrency is a Ponzi scheme. I mean, legitimately, I believe that all current cryptocurrency I even think physical currency for the most part is a scheme because it's not backed by anything of value. So the the longer you hold it, the worse it's going to be because you're always going to be victim to inflation.
You're always going to be in not only a victim to inflation, but just natural degradation of the currency itself.
Currency is a liability in my opinion.
That's one of the reasons why I like I have more assets than I do currency, right? So and when I say currency, I'm talking about cash, right? I see cash as a currency because that's what it is. It is a currency. It isn't backed by anything of real value. It's just a currency. So, what do I do with currencies? I use them I use currencies to buy stocks.
Uh I use currencies to buy all sorts of things. And um here's the thing, Tiny Lion Gaming. Yes, you can day trade crypto. And it doesn't take a smart person to day trade crypto.
It really doesn't. You just got to buy at a certain point and sell at a certain point.
But yeah, cash is worthless and so is crypto. Crypto is worthless, cash is worthless. So I mean your whole idea, the whole idea should be gather inflationary um gather inflationproof assets like silver, gold, and this is not financial advice by any means, but silver, gold, real estate, stocks, those are are examples of inflation proof assets.
Pure examples, dude.
Mark Sammons is saying Ponzi schemes are good unless you're the Oh, dude. Come on, man. Come on.
No, they're not.
Ponzi schemes are good for no one. And one of the reasons why Bitcoin is becoming increasingly unpopular is because there have been so many bag holders over the years that are extremely resentful of Bitcoin. Granted, I've actually made a lot of money on Bitcoin. I'm resentful because I know that there are a lot of people getting scammed basically out of their money because they thought investing in Bitcoin was a good idea. And what happens is they do end up being the bag holder at the end of the day because they're investing in an intrinsically worthless asset. It is Bitcoin has no intrinsic value. None. It is worthless.
It is a Ponzi.
Come on, man.
>> Leadership class. Their navy is at the bottom of the straight of Hormuz. They have no air force.
>> But yeah, all I mean all crypto is a Ponzi scheme is is really what it boils down to. All cryptocurrencies are a Ponzi. Straight up.
I'm wearing a man thong minus some, you know, small drones that they can use. And that's basically their attack force right now. uh and and the internet being turned on has given us another level of insight into the fact that the Iranian government is also facing internal pressure. Remember that part of this whole uh war was started and and at the beginning of it we >> I think Iran is on is is screwed. I think Iran is completely screwed at this point. They've shot themselves in the foot too many times with us. It's not good, man. It's not good.
I think a lot of people are aware of this, too.
>> We were thinking that maybe the Iranian people could rise up and take things over themselves. I don't know if that's going to happen, but it's certainly not off the table. If you read some of the messages saying that they feel like prisoners, that they are deeply upset with their own government and speaking out about it in the face of public hangings that are happening right now >> is something to be seen.
>> They have to be armed.
>> Yeah, no doubt.
>> Citizenry that's not armed. Rosanna, if you zoom out 30,000 foot view here, if in fact >> Mark Sammon says, "Garza, you don't win if you don't play." I'm thinking crypto.
I do play. Um Mark Sammons, have you ever heard of the bitty the bit?
I'm just going to give you a second.
Have you ever heard of the BITI? It's called the Bitty.
Does that sound familiar?
So what the biddy is, it does the basically it does the inverse of whatever Bitcoin's doing.
So since it does the inverse, it does the exact opposite, right? So because Bitcoin lacks intrinsic value, it is possible that biddy in a sense has intrinsic value because it's betting against something that is a known Ponzi scheme. So what I do anytime Bitcoin goes up on a bull run, I gradually buy into the biddy because I do not think the bull run ever lasts with Bitcoin and I'm proven to be right 10 out of 10 times. Um what happens is I don't know when I'll be right. I just know that I will eventually be right. What happens is I swing trade the biddy in order to make money. That's actually one of the ways I make extra money in my portfolio is swing trading the biti because Bitcoin is intrinsically worthless. I will never know when it's going to go to zero. You never know when it will go to near zero levels. So using the biddy, I'm able to buy the dip on the I'm able to buy biddy on the dip and then when Bitcoin finally crashes, I capitalize on it.
So Mark Sammons is saying, "I'm more into the one Trump's son is involved in.
Buy sell until clarity passes." Okay.
I mean, maybe. Sure.
You guys, make sure you double tap the screen to like the stream. The more likes we get, the better. It does help the channel grow. So, please double tap your screen to like the stream.
Let's keep going.
ABTC. I don't know. I still think um I still think Bitcoin's a huge Ponzi brother.
>> You do have countries like Saudi Arabia and others join the Abraham Accords. If you do have a deal on the nuclear uranium, this would shift the balance of power in the Middle East. It would be a legacy defining moment for this presidency.
>> I think that's what everybody is hoping for around the world. Um, and let's face it, Americans, we want uh peace. And the president promised that he was going to, >> and don't get me wrong, even though I h even though I have my doubts about Iran, I still want Iran to have come to a peaceful resolution, I just have my doubts. Iran has a bad track record. And hopefully maybe they're willing to break their track record and stop being a toxic hoe.
Will Iran basically stop being a toxic hoe?
I don't know. I don't know. We'll find out. We'll see if they actually decide to sign an agreement.
I just don't think they will. I just I don't think it I don't think they have it in them, man. I really don't.
>> Wrap this up quickly. So, let's hope that everybody gets on board and uh we have >> something going forward.
>> They want peace, but they want prosperity and and they want >> the straight is is an economic warfare choke point. And I think the president is balancing out how do I take care of my citizens and give them prosperity and how do I provide world peace and how do I balance those two? And this particular uh statement today makes it feel like he understands that balance.
>> Be sure to like and subscribe for all the >> hopefully he does.
Like I said, I want to see peace more than anybody, but I just I I just doubt it it's going to happen, man.
Oh, Alex Stein.
>> My name's Alex Stein.
>> Prime Time with Alex Stein, baby.
>> One of the sexiest men in conservative politics. Obviously, you guys are familiar with this guy. This is the most famous pedophile in Palm Beach history. His name is Jeffrey Epstein. He was given a sweetheart deal for violating children in the same city. Now, Jeffrey Epstein was a very controversial figure. His partner in crime was a woman by the name of Gain Maxwell. Her dad was Robert Maxwell, who was a successful businessman that allegedly had >> Dude, our boy Alex Stein is revealing.
Dude, he's throwing it out there, bro. He's revealing it all. He's throwing the cards on the table.
Yeah.
Yeah. Iran is about to get smoked, man.
Had links to MSAD, which is Israeli intelligence. When he died, he was given a proper Israeli funeral as if he was the highest level of the IDF. And a lot of people, including myself, don't believe Jeffrey Epste is dead. Everybody knows Jeffrey Epste didn't kill himself.
Listen, my wife, her boyfriend, we all know Jeffrey Epste didn't kill himself.
>> My wife and her small wiener gang.
>> Oh my god, I love Alex Stein so much.
He's so funny, man. He really is amazing, dude. Um Oh, we got a we got a subscriber. We got William McCrae. Everybody, thank you for subscribing. Oh, William McCrae, everybody. Woo. I'm going to put your name back up on the board here. Small wiener gang. Small wina gang. Thank you, William McCrae. Everybody give a shout out to William McCrae. Hey, make sure you guys um tap the subscribe button in the upper right hand corner. It does help the channel grow in more ways than one. Oh my god, we're at 10,649 subs. Once again, we're at 10,649 subs. So, make sure that you guys tap the subscribe button in the upper right hand corner to help the the growth of the channel. Uh, we're getting bigger and bigger and bigger every single day.
Uh, it makes me feel gay.
Um, but yeah, double tap your screen to like the stream as well. Once again, if you guys love Trump as much as I do, double tap double tap your screen to like the stream.
Yeah. Tell me what you're doing right now.
I'm a soy boy, baby in a jail cell. Even in the recent Epstein links, shout out to Thomas Massie, that the federal correctional facility said that they used a decoy when removing his body from the jail.
Now, I know, mayor, you're probably not online very much. You might be, I don't know. I don't know your browsing history. But recently, there's been a person that has been making waves, and his name is Palm Beach. And I believe that >> Palm Beach Pete, dude. Palm Beach.
Alex Stein is putting two and two together, bro.
Dude, honestly, I I can't say I blame anybody for thinking that Palm Beach Pete is Jeffrey Epstein. I can't say I blame any of these people.
Like, I totally get it.
ET says, "I hope someone super chats you bigly." Thank you. Thank you, ET. I appreciate it, Broly. Brony. Uh, Annie says, "OMG, this is great, dude." Palm Beach Pete, everybody. Dude, this is insane.
>> That Jeffrey Epstein is still alive and he is hiding in plain sight in this room. You see these children?
>> Honestly, the the as the old saying goes, the best the best place to hide is in plain sight. Sometimes the best place to hide is in plain sight.
They do look like they're brothers, dude. I bet if you were to do a DNA test with Jeffrey Epstein and Palm Beach Pete, I think you would find that they're that they got to be related, dude. They got to these two have to have had to have come from the same family tree. You know what I mean?
Mayor, do these children deserve to be victimized by one of the world's biggest serial pedophiles? I don't think so. So, I want you to conduct a DNA test on Palm Beach Peak. Can you Can you notice a difference, Mayor? They're identical.
You put them together, you wouldn't know who you're looking at. So, how do you hide something? You hide it in plain sight. I don't know if you're ever familiar with espionage, but that's what they do. A lot of people speculate that Jeffrey Epstein is on some New Epstein island in Israel. I don't believe so. I believe that this is Jeffrey Epstein going by the name of Palm Beach Pete and that he is still potentially brutally victimizing children. And I am not okay with it. And I don't think you should be okay with it either because this is a fine city and these children shouldn't be subjected to serial pedophiles coming up in here and trying to do stuff to them. I think we'd all agree on that.
That's a bipartisan thing. So, we need to investigate Palm Beach Pete with a DNA test cuz I believe that Jeffrey Epstein is still alive. Now you guys, can you guys spot the difference of these two pictures?
>> Laugh out loud.
>> No, you cannot. They are identical. So I have evidence that >> this is so [ __ ] good, dude. This is so Annie says Palm Beach Pete for president. Absolutely. Uh Mr. Nate Dog, thank you so much for the um thank you so much for the gold coin. Uh Mr. Nate dog. Uh Mark Sammon says, "Block my comments, you Tucker wannabe."
What are you talking about, bro?
Dude, I'm not blocking your comments, Mark Sammons.
Hold on. Hold on, Mark. Let me let me see what you're saying here.
Mark Sammons is saying, "Damn, Garza, you already made it. Stop lying so much then."
Stein did great videos with Cassidy.
Yeah, I love Cassidy Campbell, dude.
He's so good.
Nate Dog says, "Poor Pete. Surely there's a defamation defamation suit there."
Annie says, "This is great, dude. Prime time." By the way, everybody, I I got I I guest called in on Alex Stein's show during this show during not not this particular episode, but like a a couple three weeks back or whatever. I called into Alex Stein's show and I did let him know that I'm gay for the IPA. So, I hope he starts using the phrase gay for the IPA. Um, but yeah, because he asked me if I was into if I was into the weeds. I told him I don't touch that [ __ ] but I am gay for the IPA. And he was like, "Oh, you're gay for the IPA?"
Dude, Alex Stein is so funny, dude. I love you. Prime time. Prime time Alex Stein, baby. Let's go.
>> That Jeffrey Epstein is walking amongst us right now. And I implore this council to investigate Palm Beach Pete because Jeffrey Epstein is still alive.
>> Thank you very much.
>> Thank you, dude.
>> Alfred Lloyd Gains.
>> Dude, that was a Oh my god, dude. Okay, so I want to show you guys the greatest grifter on the internet. Okay, his name is Meet Kevin and he was on Graham Steven's show.
Graham Stevens. Uh, [ __ ] what do you call that?
So gay, dude. Um, it's this stupid ice coffee hour. That's what it's called.
Stocks just hit another record high. So, here's the problem. Anytime the stock market goes up on a insane bull run.
Meet Kevin comes out of his cave and says, "Look, I told you so." But Meat Spin Kevin is so shitty with money. I will say this meat spin Kevin is really great at making money. He's not good at keeping it in his investments because he buys stupid things like jets.
And let's let's let's listen to meet spin Kevin for a bit.
>> This is going to be the most frustrating rally ever.
>> AI giants invido.
>> No, it's not. Just keep some cash on the side. If you're if you're going to swing trade part of your portfolio, keep some cash on the side. It is not financial advice. swing trade silver. Um, swing trade a little bit of gold if you want.
You could do it through ETFs. It's not a big deal. Um, and then swing trade some small cap ETFs. Buy the dip gradually and then sell the incline gradually.
You'll make profit. I do it all the time. I'm not saying it works. And I'm not saying day trade. Say no to day trading. Okay? There's two things I say no to. day trading and drugs. I say no to both of those. I do have a caffeine addiction though. I do. I absolutely do. Let's watch >> Open AI and >> we're going to watch Meat Spin Kevin Graham Stevens and his um and his little buddy Jack. Jack is a By the way, Jack never ever listen to anything Jack says because Jack is a dummy.
Oracle have built a circular network.
>> Is it easier to build wealth right now for the average person in 2026?
Unfortunately, AI doesn't make people wealthy unless they're like at the top tier of being able to use AI. But the people who will make most of the profits will be the shareholders, which is scary >> when folks are saying this is a red flag.
>> Oh, and the great thing is, by the way, I I am a shareholder in multiple tech stocks and I am my portfolio is looking handsome.
I am doing portfoliow-wise I am doing just fine all because I invested early in a lot of tech companies that honestly I I with the assistance of chat GPT helping me find the ideal AI penny stocks. Uh a lot of these penny stocks are getting bought out by like um the bigger companies like Nvidia.
So I'm I'm bringing home the cash everybody. I'm bringing home the cash.
Uh, you know what I'm saying? Hey yo, >> you don't necessarily see it that way.
>> Nobody saw this coming. What do you think is the biggest risk to the economy right now that no one's talking about?
All that crap's going to implode one day. It's all going to zero.
>> It's not going to zero, dude. Are you kidding? Dude, me Kevin, that's so stupid. Okay, it's not going to zero because these are companies that do real things. You know what's going to zero?
Cryptocurrency. I bet you anything. I I won't bet you anything, but I'll bet you something.
Maybe a pube. I don't know.
I will bet something, and I'm not much of a betting man, that Meat Spin Kevin is going to say that cryptocurrency is the future at some point in this because of course he will cuz he's a he's a what he's what we like to call a Ponzi artist. Allegedly. Oh, one. I'm going to be saying allegedly a lot in this video just because it covers my ass a little bit. So, they're going to overbuild and it's all going to crash. So, if there's any motivation to leave from all of this, I would say every single year from now over the next 10 years, it's just going to get harder and harder and harder. So, I don't know where it all comes out. I don't know when it's all going to collapse, but it's going to be >> It's not going to get harder and harder.
Dude, Meat Spin, dude, you're just one of those You're just a doomer, dude.
Meat spin's a doomer. He spends all of his time on TikTok. He's like, "It's all going to zero.
It's not going to zero." If, by the way, these companies have real intrinsic value. They produce a they they have a product or a service or they have multiple products and multiple services typically because they're a whole conglomerate. Okay. But Meatspin Kevin can't think 15 minutes ahead of him.
can't think beyond 15 minutes ahead of himself to see even a bigger picture or anything.
>> Ugly and a lot of people are going to get really hurt and leverage ETFs are going to go to zero.
>> He's an idiot. Leverage ETFs are going to He's too stupid. See, this is the worst part about, you know, ice coffee hour.
I'm just going to tell you guys this. If you want to get financially stupider, if you want to become financially more idiotic, these are the three stooges.
You could you could argue that these are the three stooges of finance. Meet spin Kevin, Graham Stevens, and uh Jack Mihoff. All right, that's Jack Mihoff.
>> Kevin, thank you so much for coming on the ice coffee hour. Glad to be back.
>> Really appreciate it, man. So, I'm curious. The big short investor, Michael Bur said, >> I'm gonna say allegedly, allegedly, allegedly, allegedly, allegedly, allegedly, allegedly, allegedly, allegedly. I need to do an entire rap song called Allegedly. That'd be sick.
Allegedly. Everybody wants to get with me. Everybody wants to put it in my big fat booty. Everybody wants to allegedly put it in my booty. The stock market is minutes away from a bloody crash. Stocks are hitting a record high, up 19% since the March bottom.
>> Jack is curious about this one. What stocks have you made the most money on?
>> Well, let's answer that. Uh, first, >> oh god, does it say reinvest on a shirt?
Is that another stupid meat spin Kevin company? God, he's such a scammer.
>> Michael Bur is probably right. Uh, I actually think that this market is going to see a whole lot more crazy ups and downs because what's gotten really popular lately has been super concentration and leveraged ETFs. So, you see it like at the end of the day, in the beginning of the day, things just go crazy up and down. And I think we're going to see that craziness even like these are going to be the most volatile years. I >> just stay away from leverage ETFs, you dummy. Dude, everybody's like, "Oh, you're getting leverage ETFs." I mean, honestly, actually, leverage ETFs can be a huge advantage if you're willing if you're willing to buy gradually.
The problem is everybody goes all in on these one specific ETFs because Meat Spin Kevin tells them to. You got to you got to you got to you got to um trickle buy. It's called trickle buy. You buy a little here, you buy a little here. And when I say trickle, it's like think about the water trickling from the faucet. You don't want to use all you don't want to use a whole bunch of water at the moment. You just want to have little drops coming from the, you know, I hope you guys see where I'm coming from. Anyway, I trickle by on the dip on any on anything that has intrinsic value and anything that's diversified. Meat spin Kevin doesn't understand the concept of intrinsic value. That's what's that's what I can't stand about this guy is he doesn't I don't think he understands intrinsic value. I just don't. I really don't. I think he's just I think he's just a degenerate gambler that doesn't understand what real investing is. He is a degenerate gambler that doesn't understand markets. He just doesn't understand markets and he won't admit it.
>> I bet over the next few years because I kind of think a lot of people are like it can't go higher and watch.
>> He's too busy trying to look the part, but he's not he's he's too busy trying to look the part. He's not trying to be the part, right? He bought the private jet, which honestly was a total money drain for him. you're better off just flying commercial that I follow the QQQ the NASDAQ 100 it's going to go through like a thousand and people are going to be like what this isn't fair why does it keep going up it shouldn't >> but between here and there Bur's probably going to be right and be like see I told you there was a 19% dip and then it goes right back up it's crazy >> yeah well here's the thing this is why you buy dips and also by the way if the QQQ keeps going up it is fair you know I love how people say it's not fair it's not fair it's not fair. This is why I criticize the bottom 1% of society and not the top 1%. The top 1% is busy making businesses and solving problems. The bottom 1% are too busy causing problems. Let's keep going right now. So, what about the stock? So, on the stock, uh, most money in the last like 6 months circle actually bought it around 68 and then of course it fell to like 58. I'm really good at like buying when it's still like kind of got some room to go down like timing that bottom so hard. Uh but now it's like 1201 130 and I'm like okay great this that's a really good play. Uh you know longer term over the last four or five years Nvidia has been really great. Uh but you know then they're also losers as part of that. More recently like the hell with Netflix. I shouldn't say bad words on the show and the iced coffee but I bought Netflix made money from my buys when they were going through that whole Warner Brothers crap. But recently they just keep bleeding and they are such >> Oh [ __ ] dude.
Somebody uh somebody replied to my uh small wina gang. Hold on. So what's the cut off? So Ronald says, "What's the cut off limit?
Is it by width or length?" For instance, let's say I'm hung like a tuna can longer than that.
money makers. Nobody realizes they'll probably exceed the advertising that that you know YouTube's growth has. So YouTube's advertising growth >> Yeah.
>> Netflix is going to blow it out of the water. Nobody's even paying attention to it.
>> And what stock over your lifetime have you made the most money on?
>> Oh, by far Tesla.
>> Yeah, >> I remember, man. And I think it was >> I mean, yeah, if you're an early investor in Tesla, yeah, I made some money on Tesla myself, so I I get that.
Um, definitely rode the bull run on that one.
But yeah, you never know. You never know what certain companies are going to do.
>> In 2020 or 2021, >> you showed me I think it was like a JP Morgan account.
>> Yep. Yep. Yep.
>> I'm just going to say there was $40 million.
>> Oh, yeah.
>> And I remember looking at that and >> Meat Spin, dude. Meat Spin was gambling on call options. just thinking the only thing I would do I wanted to click sell for you.
>> I I know just sell everything, right?
>> I wanted you to sell so badly and just lock it in.
>> And the crazy thing is it'd be like >> you don't Here's the thing. If you're if you have that much if you have that many gains and you have an overly concentrated portfolio, >> you could always just sell. It's not financial advice, but you could just sell it and then just take take the profits and then put it into a and make a very diversified portfolio of ETFs and individual stocks. Just make sure you're diversified. Buy international uh buy international stock ETFs for example.
Seriously, you could you could take those millions and just invest them wisely. just make sure that you're spread out, you know, buy a, for example, he could have bought a million dollars worth of um he could have actually bought like a million dollars worth of physical silver, million dollars worth of physical gold, and then in his actual portfolio, he could have purchased um like a million dollars of uh international stock ETFs and then a million dollars of like the VTI or the hell, he could even just get the VT if he really wanted to.
And then you could just stay diversified for the rest of your life and then just be able to live off of that that portfolio. I mean, you don't even need a honestly, you could live off of a hundred if you're if you're a smart swing trader, you could live off of $100,000 easy in your brokerage account.
You could swing trade silver with a h 100,000 bucks and be totally set for the rest of your life. And all you would have to do is just check the market every day. Straight up.
Just be smart about it. Just make sure you keep a lot of cash on on on the side cuz people when they have cash in their brokerage account, they can't help themselves. You know what I mean? They can't help themselves. They're like, I got to invest it all now. No, you don't need to. You need to keep that cash on the side. That's leverage. You need to think of the cash that's sitting in your brokerage account as pure leverage. It helps.
>> Oh, here in California, you pay like 35% in gains taxes, you know, cuz it's you even even the long term, right? Short term, you'd be at 50.
>> Meet Kevin just seems so [ __ ] weasly, dude. I don't trust him.
>> I take one look at this guy and I think, "Dude, this guy's a weasel."
>> 5% gone. Poof. More than half.
>> Yeah. But even then, you would walk away in the 20s.
>> That's true.
>> And I think I told you back then, man, I would just take a year off, >> right? Yeah.
>> How much did you put into Tesla? Was that all Tesla gains? Like, what what did that $40 million look like? Because I swear I blinked my eyes and all of the sudden it was just like everyone here and Kevin was leading the charge by miles.
>> I wouldn't say it was all Tesla. There was a chunk of it. Um I would say about $8 million of it was margin. Uh so not all of that 40 was was and I have a video on this somewhere where I break down like how much of it is margin or whatever. Uh so the video would be a really good reference to look up, you know, the $40 million portfolio. I want to say my buying cuz I bought Tesla. I remember before COVID in like 2017. I'm like gosh, I got 500 grand in Tesla and then it went down. It was like 300 grand, you know? And I'm like, "Ah." And everybody's leaving me comments like, "You're such a loser."
>> He seems like s I don't know. Meet Kevin just feels like a very insecure person.
I think he cares too much what people think about him. I don't give two shits what people think about me. I love looking like I'm a poor piece of [ __ ] because I know deep down I'm I'm not rich by any means, but I'm definitely well off. I'll say that. when it comes to my portfolio, when it comes to everything else, I'm doing pretty good >> because it was during production hell with uh with the Model 3. Same was true, by the way, when I bought Nvidia in uh when I launched my ETF back at the end of 22. I >> I do feel like Meet Kevin is fake rich, though. I feel like there's a fake rich thing going on with this guy.
Kind of concerning. bought a ton of Nvidia at the same time and it just went down another like 20% and everybody's making fun of me go what a loser that was a six or seven figure return on that multi-millions of dollars from Nvidia Tesla was probably 7 million of that 40 in gains you know I think the total was like maybe 15 that was in Tesla too concentrated but that's from memory uh but yeah I mean hey there are winners and losers right like I lost money on lo I lost money on a firm back in 2021 I think I wrote that down probably a million and a half.
>> Yeah, just one.
>> How do you feel looking back and losing a million and a half on that?
>> I've That's not the only place I've lost a million dollars because I've lost a million dollars in even just other business ideas or opportunities or like, oh, you know, I'm going to go learn how to be a pilot. That probably cost a million dollars, right? Uh so I I don't really look at the number anymore. I look at it more as uh I it was a really expensive college education, you know?
So, like, hey, you know, what lessons could I learn from why I didn't sell a firm earlier, right? And how can I not make those stupid mistakes again? How do you say that so casually there? Like, I could lose a million years.
>> Honestly, it's probably the happiest I've ever been right now because I really just don't care about the numbers because I got these beautiful seven children. Uh, you know, I don't have any debt. There's no worry about anything.
It's like I don't have margin debt or home debt or whatever. And and I realized I'm in a really fortunate place because, you know, there's YouTube income, there's other revenue, you know, I I run house hack, now we call it reinvest. So for me, I'm like, I just want to build and I don't really have this stress or fear of a downside. Back then, I did, you know.
>> Well, here's the thing. You wouldn't, by the way, if you were hyper diversified like I suggested to you a long time ago, if you just stayed hyperdiversified, you would have never had any problems.
you never would have to worry about a downside if you're if you're if you're if you're if you're if you spread your dollars out, right?
You got to spread out your risk.
Buy honestly, you could have bought a million dollars worth of international ETFs, right? To get international company exposure. Could have bought a million dollars worth of US uh stock ETFs.
You also could have also got exposure to commodities. You could have bought a silver and gold ETF with a million dollars. You could have split it $500,000 for silver, $500,000 for gold, whatever your preference is. You could have also like, dude, you could have spread out your risk. It's very easy.
You all you have to do is expose yourself to all these different assets within each asset class. You could do that through ETFs, dude.
All you had to do is stay diversified and then you would never have to worry again. But instead, you make yourself you make your life way more complicated than it needs to be. This is what I hate about me, Kevin, and this is why I think that nobody should listen to this guy.
He makes his life far more complicated than it needs to be.
You've got to simplify.
Look, it this is Meet Kevin's the kind of guy that believes that you have to have high risk to get a high reward.
That's not true.
You need you can you can find lowrisk highreward vessels. They exist. But meat spin Kevin doesn't think up here. He think I don't know what he thinks with.
Um either way meat I I love calling him meat spin. I can't help it. But he's just he's not a good investor, dude. Meet meat spin, dude. Come on, man.
Come on, bro.
But here's the thing, you know, he was like worrying about his portfolio. You don't have to worry about your portfolio if you're hyperdiversified.
The problem was Meat Spin was getting too overly concentrated into certain positions.
And D, did it pay off? Sure. Yeah. And it can pay off. I'm not saying it can't.
But if he wants to sleep soundly at night, he doesn't have to be a degenerate gambler. He can spread out his risk.
You could spread out your risk by having all sorts of different assets and then you're fine, you know, and it sucks because guys like meet Kevin ruin an entire generation because there are people susceptible enough to this guy's to what this guy is saying, right?
You know, I had $8 million in margin debt. I had 20 properties with mortgages on them, right? So, it's weird, but like I'm way less stressed today than I was then. Didn't you used to make fun of Dave Ramsey though for the debt aspect and now you're like billionaire or broke like confidently? Like >> that is still true. I still believe in the billionaire or broke thesis. So, I still have that as an ambition. like I still want to do that and I think I can with you know the real estate company with with house hack reinvest but yeah it's uh maybe like a what do you call it like a maya when you're like damn the guy I always used to make fun of Dave Ramsey I'm kind of like huh maybe he kind of had a point you know like >> dude you used to make fun of um Grant Cardone and dude you you went after Grant Cardone hard and then you basically became Grant Cardone nobody nobody's calling calling out Meet Kevin on this, but Meek Kevin is Grant Cardone basically.
Seriously, think about it. Meet Kevin became the guy he hated. You know, it's funny. Meet Kevin is becoming the guys he hates the most. And by the way, I don't hate Meek Kevin. It sounds like I do. I just think that he's bad.
I think he's a bad teacher.
I think he's a snake oil salesman. I think he's a bit of a Ponzi artist.
That's my opinion. And um yeah, no guys like me, Kevin, man, I would not buy even a used car from this guy. Not in the slightest. And I don't think anybody should buy anything from this guy to be honest.
I think he's a hardcore I really do think he's uh scamming a bit though, you know. I do. I don't trust the guy.
Sorry I keep burping everybody.
Give me one second here.
TJ, Mr. TJ, what up? Uh, Mr. TJ says that he went with a safe investment.
XRP, the silver of the Oh, I love you, TJ. I love you.
Oh god. I think I think TJ just TJ knows that I cringe every time I hear XRP is any sort of The only reason I want XRP to go up is not be not for me, but mainly for TJ.
Like, I just want to see TJ win. Um, so if TJ's an XRP, even though I hate all crypto equally, I will I will forego my hatred of crypto.
I will make an exception for XRP only because I want TJ to win. And that's the only reason. That's the only reason. I just want TJ to win. That's all I care about there. Other than that, I still think XRP and all cryptocurrencies is a scam. But I do hope I do hope my boy TJ wins, though. That's all I really care about. I just want to see TJ win.
>> Like respect. I respect.
>> So you feel So you feel better >> paying off all the debt. Great. Do you recommend the average person?
>> Well, here's the thing.
I I would say the only time in my opinion I think one should have debt in an ideal circumstance, I'm going to say in an ideal situation is if they if they have enough in their checking account and and it's low interest to no interest debt, right?
What the [ __ ] did my bro just send me, dude?
Careful.
Let's see. We got my boy ET. Uh ET's in the house. Just invest in the Garza coin. Oh god. Yeah. So you I don't know if you guys remember this, but at one point I went to that stupid [ __ ] website. It was called uh pump.f fun, right? basically allows you to make your own stupid cryptocurrency or whatever.
And um oh my god, it was great, dude. Pump fun.
I made like a whole bunch of stupid coins that were like ridiculous and um it was hilarious, man. It was hilarious.
Person off their debt. Uh, it depends because the tough thing is, you know, you want to be able to build wealth and I personally think one of the best ways to build wealth is real estate, which is really annoying for people to hear right now because rates are so high. It's like, oh my god, nobody's >> Well, here's the thing. You can, by the way, you can get exposure to real estate through real estate investment trusts.
You don't necess But dude, I love how Meet Kevin doesn't doesn't weigh out all the alternatives. So, if you want exposure to real estate, look at there's a there's a lot of great publicly traded real estate investment trusts that you can invest in and you could still get great cash flow from it. You could still get great appreciation over time because rent's only going to go up over time and the appreciation of these buildings are most likely going to go up over time that a lot of these real estate investment trusts own. So, honestly, owning the company that owns the real estate, you benefit from that.
Honestly, the best form of ownership is stocks in my opinion. So, when you're owning a real estate investment trust, you're owning a stock and you're owning a company, basically. Ownership of stock is ownership of company, baby. That's all it really is. That's all it really is. Bada bing, bada boom. That all it is, baby. That's all it is. But guys like Me, Spin, Kevin want you to think that the only way to get exposure to real estate is buy actual houses yourself.
You don't need to. You could buy the real estate investment trusts and basically get instant diversification because a lot of these REITs have a ton of [ __ ] um have a lot of real estate in their portfolio that they lease out to companies or individuals depending on the type of REIT it is. And if and by the way, if if you if you diversify into different REIT sectors, you're basically diversified in the entire real estate market. This is what I do. I I I'm going to admit that a lot of my portfolio does contain real estate investment trusts. A lot of it does. At least a lot of my individual holdings are real estate investment trusts.
Mainly because one, the cash flow is excellent and it does appreciate over time. Now, I do have a lot of ETFs that expose me to international companies and a lot of ETFs that expose me to everything else that I ever want. But yeah, that's pretty much it, man. It's pretty much it, bro.
Give me one moment.
There were a few international ETFs that I wanted to get exposure to that I forgot to purchase recently. And um I want to do it now while I'm talking to you guys.
Give me one second, everybody.
Well, you and me, we can ride on a star if you stay with me, girl.
we can rule the world.
But yeah, I love having exposure to like all the different um uh what do you call it? All the different um international companies though my core let's see emerging markets fund.
Oh, why don't I have that at the moment? So another thing is emerging markets are great. I love emerging market funds uh especially emerging market ETFs are like one of my faves actually to have in my portfolio.
But yeah, I think it's very healthy to have a lot of different international ETFs in your portfolio just because you do want exposure.
Because here's the thing, even though I believe in the US, you also have to kind of hedge your bets a little bit and make sure that you're exposed to to companies that are out there in other in other sectors. So, give me one second here.
We'll sort by price.
Yeah, you and me, we can ride on a star.
If you stay with me, girl, we can rule the world.
Give me one second everybody.
You're my pink brony bros.
Yeah, I'm looking at the different um ETFs actually because there there's a there's a lot of different um international ETFs that I actually wanted to get exposure to. So, hold on.
I also like having different international ETFs because you get a dividend at different points and I think that's pretty smart.
Uh let's see.
What if I was to go with I do love the VXUS though. VXUS is actually a really good one in my opinion. Um it's basically every single it's basically a whole bunch of international companies and um sorry I can't think at the moment. So yeah, it's essentially a bunch of the VXUS is essentially every single international company that you could think of. Maybe not all of them, but as many as it can muster into one single fund, excluding the US, of course. It excludes the US in the equation.
But yeah, no, here's the thing. Getting getting exposure to international companies, I think, is a must in anybody's portfolio.
So having things like the Vanguard Total International Stock ETF is is really smart.
Um, yeah, and it can go up and down at any time. It absolutely can. I was thinking I might just bunch up on the the VXUS and just call it good, even though I am a Chud and I do want to have um I like having dividend payments at different times though. See, that's kind of my it's kind of my stick.
That's a good one.
Yeah, I just feel like I got to make sure that I have a little more I I just need to be a little more spread out. And even though I do have a a good chunk of international ETFs, I just want to make sure that I'm, you know, doing the right stuff here. Um, having as many different regional ETFs as I can. Um, oh, the isshar's core MSCI emerging markets fund 90% with Okay, that's one that I got. Then I MG.
ishares core MSCI emerging markets. Let's add that.
Yeah. So, essentially I'm just adding a bunch of um various international ones. I am I'm keeping a close eye on the expense ratio though because you don't want to like I don't know. I think it's just stupid to overpay when you don't need to.
Schwab International Equity, that's a good one. We'll add um add a share of that.
Just anything that could expose me to um international companies I think is a good thing. Sorry, we'll we'll get back to reacting to the video here in a second. Um Iran peace deal will collapse because of Iran corruption. Yeah, I don't think Iran's I don't think there's going to be much of a peace deal, dude.
I don't think there is, man.
I'm just not feeling it, bro.
Yeah, I'm just looking at the various um ETFs here. I shares MCI Emerging Markets.
Is that a good one?
That's a pretty high expense ratio.
See, the problem with a lot of these is they just have very high expense ratios, and I don't like that. But some of them are okay.
Tracks, market cap, weighted development markets. Okay, hold on. I think we're almost there.
Yeah, some of these index ETFs are a little bit interesting to me.
Schwab fundamental international equity.
Yeah, some of these are kind of getting in the weeds. Hold on.
Vanguard International High Dividend Yield. Oh, cool. So, this one is actually a high dividend yield payer.
It's kind of neat. I don't know what the exact yield is, but it's got over 1,662.
That's not bad. Low expense ratio.
That's not bad at all. I'd add that.
It's international, so if it's all international companies, I'm down for it. See, the thing is, like I said, my goal is to get like maximum exposure to international companies. Um, because like I said, it really is it should be a sleeve of your portfolio.
Um, a lot of my portfolio admittedly is um is primarily like US companies and stuff, but yeah, this is pretty decent, man.
Dimensional.
Yeah, some of these aren't too bad. I'm looking at a couple of these and I'm thinking to myself, eh, sexy.
DFAI. Let's see. It's got a lot of holdings.
It's all developed countries though.
Yeah.
If I look up international, if I just look up international, I want to see what ETFs come up. Hold on. Stocks and ETFs.
International Paper, International Group, Restaurant Brands, International.
I don't have Philip Morris in my Oh, it's Philip Morris's a lot for sure.
Hold on.
Um, yeah, I was going to say like as far as it goes, man, I want to see what some of the index ETFs are looking like here. IOR shares, Total International.
So, Vanguard developed markets, Vanguard Midcap ETF.
Is that just Midcap in the US only though?
Oh, it's only in the US. Yeah. See, like I said, I like getting exposure to international companies through ETFs because it's the easiest way to do it because getting getting exposure to international companies through ETFs can be like one of the nicest things that one could do for themselves in my opinion. Not financial advice by any means, but give me a few seconds though.
We'll watch the rest of Meat Spin Kevin here in just a second. We will. Um, but first, like I said, I'm just trying to uh look through a couple of pieces of my portfolio here.
Well, VANC, yeah, like going through regional ETFs, I think is a good thing. Um, let's see. I could look at all the Vanguard ones. I because the Vanguard ones are typically going to have the smaller um expense ratios.
Although, wisdom tree is not bad.
Wisdom Tree emerging markets excluding problem is Wisdom Tree has like the stupidest [ __ ] ex high expense ratios. It pisses me off.
Vanguard International Dividend Appreciation. Well, dividend stocks, you know, get me going, but these are only like it's very few and far between.
It's kind of grown decently. Let's see.
pays a decent dividend, does it?
It's not spread out enough, though. I need broad international, man. That's kind of what I'm looking for is like broad international.
H interesting.
So, that's Vanguard developed markets.
It's kind of a large blend. Uh, it doesn't tell you what the holdings are though.
Yeah, it doesn't really tell you the Yeah, I don't like that. That's not good.
We can also just sort it by the price.
We'll go from lowest price. Here we go.
Well, they got some, you know, they do actually have some interesting uh God, I love international ETFs so much, dude.
See, this is why I love spreading out my risk, man.
I'm all about it.
So, do you guys spread out your risk at all?
I do. Oh my god.
Oh my god.
Yeah, I I do prefer emerging markets though. Um emerging markets are fabulous, man. We'll sort by price.
We'll go with the um highest price here.
merging Asia Pac spe Pacific Pacific.
Sorry, not Pacific. Jesus. Uh, let's see. Because I do like having, like I said, I love having exposure to the international markets and I just think it's smart to do so. You know, Avantis, ah, the problem with Avantis is their [ __ ] Avantis is their [ __ ] expense ratios are just so [ __ ] high.
It's an emerging markets fund. Let's take a look at this one.
Well, that's a lower expense ratio than most.
BKM is a passively managed fund with emerging market exposure to broad and midcap broad large and midcap stocks.
Okay, that's interesting.
Yeah, I mean that's exposure and it's pretty broadly diversified. So yeah, why not? That's that's a good one to have. Balances out my small cap ones at least because I swing trade small cap international. So having like large cap to kind of balance it all out kind of helps out a lot.
96. Oh, [ __ ] it. That's not bad at all.
Anytime I can gain exposure to international companies, though, that's pretty much the goal. Um, see, MSCI EATF. Let's see. That's too small. That's right. That's not See, I want broadly diversified ETFs, dude. I need it to be broadly diversified.
If it ain't broadly diversified, man, I don't want it.
Fidelity. Interesting. So, they have an enhanced international ETF. It's still not That is still not diversified enough for Daddy.
It's still not diversified enough, man.
Interesting. So, the eyeshares MSCI. That's a That's a good one.
There's probably a lot. Oh, there's a lot of small cap on there.
That's hot.
Kind of a large expense ratio, though.
That's the only thing I don't like about this one.
However, it is exposure. So exposure is exposure and screw it. I'll buy a share of it.
H all international markets, huh? So JP Morgan international growth.
That's not diversified enough. It's got to be diversified. It's got to be more broad than that, dude.
Global environment or social. Okay, got it.
Well, at least I got more exposure to certain um certain things. See, hedged equity ETF. Let's see.
Well, um, not bad. Not bad at all. I think I've been able to um Oh, hell.
Well, let's take a look here.
It's diversified emerging markets, actively managed.
Not a fan of actively managed though.
That's the only I mean, if it produces results, then great.
But at the same time, it's like eh I don't know.
Well, that one excludes China. That's good.
Screw it. Yeah.
There we go. So, I kind of I was able to increase my international exposure to some degree, which I always like to do. Anytime I can, I will definitely uh increase my uh international stock exposure.
just overall I think it's a smart thing to do.
Yeah, I love it, dude.
Got that international stock exposure, bro. Gotta get it. Gotta get that.
>> Building wealth with 6% interest rates.
That's fair. That'll change over time.
We're not going to be at 6% interest rates forever. You know, I think the biggest risk now that people have is there's so much of a desire to take out margin debt for betting markets or Robin Hood or whatever. And I think that's >> that is so dumb.
If you're taking out margin debts for prediction markets, you're an idiot.
people are going to get destroyed. And I do think that debt, you know, there's the AI side of debt. We could talk about that later, but I think a lot of people are drowning in debt right now. I think a lot of people have uh a lot of credit card debt, multiple credit card debts, student loans. I mean, uh you know, in some areas on the margin, you're seeing car delinquency skyrocket, credit card delinquency skyrocket, a lot of lower income.
>> And it's really hard. But it goes to show that that debt is is something that does kill you and kind of prevents you from building a net worth. So what's causing the stock market?
>> I will say if you do have a credit card that has 0% interest for like 15 or 16 months on the introductory, that's kind of nice. That's like a really nice relief because you can as long as you're not like going below. Just don't go above your means, you know, like live on Top Ramen if you have to for God's sakes.
>> Rally.
>> Okay. So once we had the ceasefire, what was really interesting was during the Iran war, geopolitics are almost always a buy the dip by the way. It um and it's always painful to say because look, I care about expense ratios. I will say though, when you're when you're getting exposed to international companies, you're right. Um you shouldn't really care that much about expense ratios. You should just care about the exposure that you're getting. And I totally get that.
I like see from that frame. I get it.
There was one more that I wanted to look at real quick.
One more regional one.
One, two, three, four, five, six, seven, eight, nine, 10, 11, 12.
Yeah. So, I got a good chunk of different ETFs that are international based, which is good.
beta.
Yeah, if it's actively managed, it doesn't matter as long as it's actually Well, it does kind of matter, actually, but as long as it's diversified.
Yeah, I'll go with it. [ __ ] it. Like I said, the goal is to get as much exposure as possible.
Yeah. I mean, international exposure is a big deal to me. I love having exposure to international um uh companies. I think it's just smart.
I think if you don't have exposure to international companies, you're actually missing out on something >> because everybody say sees every war as like this is going to be the recession.
This is it. the nukes are going which it is possible that Iran is secretly building a nuclear weapon in pickaxe mountain but really >> what% >> I would give it about an 8% chance that they one day just like in one in like 12 re >> dude stop with these stupid predictions man emerging market hold on prediction markets are so full of [ __ ] dude >> ities they just wake up one morning and go sub We got a nuke and it's like open up the straight otherwise we're throw we're lobbing it.
We're just going to lob it and go ahead shoot it out of the sky. Guess what's going to happen? A lot of people going to die. All that radioactive material is just going to go blow over Europe.
>> Yeah. One of 12 realities.
>> You give that an 8%.
>> I Yeah, I don't know. I mean, they could be building a nuclear weapon in the mountains. It's very possible, don't get me wrong, but I don't know, dude. I don't know.
>> Yeah. Yeah. Yeah.
>> That's the equivalent of, by the way, someone at a crafts table basically rolling like a tent, which can happen multiple times in a row.
>> Yes. Yes. Yeah. Well, I mean, look into Pax Mountain is what I would tell your viewer because it's it's the one that we didn't strike when we did Operation Midnight Hammer with the B2 bombers, and it's the one that we have not struck during this last operation. Why?
Meanwhile, they're still building it.
It's weird. It's too >> I think they should strike that that good. Then strike that area down.
They should be >> deep. I think it's way too deep. Like they built it probably twice as deep as the last ones and our bombs can't reach it.
>> And you think America >> Well, that's fine. Keep bombing it. Keep bombing that area until you're good.
>> Knows about this.
>> Oh, yeah. I think they know that's also where the highlyenriched uranium went because we saw in satellite imagery trucks. It's not a lot, but the 460 kg of highlyenriched uranium that Iran has, we saw trucks back up to the various different facilities that were enriching. And you know, if you read between the lines, they moved it and they probably moved it to their deepest facilities.
>> How do you know about this?
>> It's everywhere.
>> You can Google. Yeah. I mean, you have to kind of look for it because it's not the sexiest like front page news. So, what I do is, this sounds really weird, but I still read the newspaper, like the physical newspaper, and it's usually on like >> There's nothing wrong with that actually. that there's nothing wrong with reading a physical newspaper. It's not it gives your eyes a break from read reading on a screen. So, honestly, I still read physical books, for example.
I don't there's not much I could do to change anything.
Maybe there is. I don't know. Maybe that's a bad attitude for me to have. I should believe I could change everything.
There we go. Yeah. So, basically I I mean I feel pretty comfortable with what I was just doing here because I just exposed myself to as many emerging markets as I could.
Um let's see. Emerging markets bonded.
Um, emerging markets excluding China.
That's a good one. Oh, hell yeah.
Oh, that's weak.
Weak.
There we go. That's spread out diversification, man.
Stay diversified. You'll never cry.
>> Yeah, that's the thing, man. I stay as diversified as I possibly can. I just think that's a smart way to do it.
>> Like B7, you know, in the back of the newspaper and it's like pickaxe mountain exposed and it'll be in the New York Times.
>> You know, it's interesting. Tim Dylan had a whole rant about this and he just said it's not good news. just just details like this. It just it doesn't make for good news. They want the clickbaity headlines of this and this.
>> Oh, like pick. Yeah, of course. Oh, of course. Oh, yeah. Yeah. And that's the struggle, especially now with like I mean, it's one of the reasons I turned my phone on like grayscale is I I can't go on X without getting distracted by like, oh damn, look at that police shootout. You know, it's like, dude, I can't work anymore with what I see on X.
Or I open up Instagram and it's boobs.
Or I open up, you know, Tik Tok and it's aviation or worse, it's female fighter pilots.
>> That's weird. When I open up my Instagram, I have nothing but dongs.
Danguses come up on my screen. What's up with that? Why is Meet Kevin's algorithm boobs and mine's dongs? Can somebody please explain that to me?
>> You know, it's based on your viewing preferences, right? I >> because I definitely don't get boobs. I GET WHAT? WHAT AM I What am I looking at?
What am I looking at right here? What am I looking at? Tell me. What is this? Oh my god.
>> Reef aquariums and Rolex watches on >> dudes. Wow.
>> Just bodybuilders, man.
>> Just abs.
Yeah, we we know we know what Graham's looking at. We know what Graham's into.
We could tell by his we could tell by his partner Jack what Graham is into.
>> So, getting back >> I don't want to look at Graham's browser history. Hell no, dude.
>> Back to the rally here. Is it justified and what's causing it?
>> Yeah, partially. So, during the geopolitical crisis, you had uh valuations tank uh especially at companies like Nvidia and AMD. So I like to uh look at companies on what I call a forward growth growth basis. So without getting too granular basically what's its valuation? How much money is it earning?
>> And then I divide that by its future growth rate. How much do we actually think they're going to grow earnings by?
I think that's really important because you're going to see companies where you'll have like a palunteer. People are like, "Oh, that's a 100 forward PE ratio. That's too high." Okay, but they're growing earnings at 40% a year.
So you're trading for like two and a half peg or whatever. And for software companies, that's usually >> Oh, he said peg. He might be talking about pegging.
>> Actually, totally fair.
>> Uh AMD and Nvidia, which are even better than software companies. They just design chips. They don't make the chips, they just design them. Their margins are through the roof. Nvidia creams AMD in margins. But anyway, uh so we had a thesis that hardware would boom because earning season was coming up and the valuations were low. And there's no sign AI is rolling over yet. One day Michael Bur will be right. You know, we all know these depreciation schedules are crazy or the circular investments. Like you saw the Cerebrous IPO like basically quick example, somebody's trying to reinvent the mousetrap, make a different server chip. They go IPO, but the only way they could IPO is if they show US revenues. So how do they show US revenues? They call up one of their big investors who happens to be the president of the board at OpenAI. So OpenAI gives them a $20 billion contract. Oh yeah, we'll use your chips and now that guy probably is the one who set it up. Now they can IPO the company.
Company goes and IPOs. That guy gets rich. He got probably essentially set up the deal. Right? This is the >> oversimplifying the circular flow.
That's like a 30 minute video on its own, right? Oversimplifying. But the point of it is there's no sign that that's stopping yet. So, >> I don't think there is. I think there's a lot of stupid IPOs that come out.
There's probably a lot of companies with no real cash flows or that will never have cash flows that have like these great giant IPOs.
Blows my mind.
>> Valuations combined with a lot of people sold a lot of stock during the Iran crisis. I mean, Ross Gerber came on and I love Ross, but when he's like, "Oh, yeah, Kevin, we're telling everybody raise cash right now." I'm like, "Dude, if if everybody's raising cash right now, everybody's just going to plow into the market when it's green again." And so that's why we've seen this crazy rocket up. So, it sounds like you have to be a contrarian investor to a certain degree, which makes me think too if everyone is saying sell the market's overvalued to see some of the highest PE ratios in history. Schwab said the stock market is expensive by every single metric possible.
>> Well, and that's why here's the thing.
If the S&P 500 is expensive and the total US stock market is expensive, look towards the international markets.
You can keep your S&P 500 holdings, please. I think that's smart. But if you if it's too if S&P 500 is too expensive to buy, consider I don't know, maybe consider adding international ETFs to your portfolio. Smart as hell, dude.
Smart as hell.
That's the way I see it, bro.
You're a pink brony, bro.
And we dance at the gay clubs. Oh my god. And I'm just having fun on the stage in my hooves. I'm wearing my man thong.
Do you guys think I have a problem?
Because I I talk about man thongs quite a bit on this show and yeah I talk about man thongs a little too much on the show. Let's keep >> and if everyone is shouting we're overvalued. It makes me think the contrarian of that is buy more.
>> Yeah I I ironically I agree with you. I I Here's the thing.
It is true. If everybody's telling you one thing, it's sometimes best to do the opposite depending on the situation.
I'm not sure. I mean, honestly, if anything's overvalued technically, I don't like to get into it unless there's a good future prospect going on.
Obviously, I'm going to buy indexes, though, until the end of time. I mean, I'm an index buyer, straight up. I'm always buying indices. Like, I think that's the best thing you could do is buy indices, man.
In my opinion, I love buying indexes, man.
I can't help myself, man. I just can't help myself. I'm an index buyer at the end of the day. I really am.
Well, you and me, we can ride on a star.
And if you stay with me, girl, we can rule the world.
I actually think this I call it this is going to be the most frustrating rally ever where people will look at 2026 and be like, "How did this turn into another 2021 where the gap between the bears and the bulls?"
>> Well, this happens, man. This tends to happen. A ton of people get in the market, they get overly enthusiastic, and then they realize, "Oh, we created a bubble because we all bought, none of us sold, right?"
And luckily, I mean, I buy in early on a lot of indices. I buy in early on a lot of things. So, sometimes the best way to win is to be first. And I'm always first. Well, I wouldn't say I'm always first, but I'm as first as I could be, right? And then what happens is when everybody when everything goes up on a bull run, I then sell gradually and make profit. I make profit one way or another. Uh, I love swing trading silver just because volatility trading is something that I'm really into and it has proven to be extremely profitable. Went astronomical and some people just lost everything because they were bearish on it and other people just made mega fortunes because nobody saw this company. So, how should this apply then to the average person? Because you have a lot of people out there that are saying that oh, you should just buy like mutual funds, very safe investments, tea bills, you know. I say index funds are always the safest bet. I mean, if you want the safest of the safe, mutual funds, I don't like mutual funds because they're too active.
Index funds are my fave because they're passive, low expense ratio.
Um, usually broadly diversified depending on the index fund itself. Um, you just have to find I just prefer diversification. If I can have if an ETF can provide me diversification and exposure to whatever I want to be exposed to, I'm happy about that.
>> Like a standard diverse portfolio. And then you have other people like Chris Camilillo that say, "Hey, you should allocate a sizable chunk, a meaningful amount towards risk capital." Maybe like >> No, no. I I think I think having too much risk is stupid. Now, I think it's good to have a sliver of your portfolio that's at least exposed to some risky, volatile stuff, and that's what you swing trade.
Um, but I love swing trading silver. I love swing trading gold. Um, he's got to be smart about it, man. You just got to be smart about it.
>> Like some IPOing companies, some smaller cap companies, higher risk companies.
What do you think the average person should be doing? Let's just say you take like the majority of people, they're earning between let's say like 40k and 200k as a family. I know that's a huge spread, >> but like how should they approach today's market? Here is an absolute fact. If you're not creating content for your business, you're leaving a bunch of money on the table, but creating good content is expensive, timeconuming, and honestly just like really hard to do.
This is exactly why we partnered with OpusClip. They just launched Agent Opus, and it genuinely changes what's possible for content creation. Agent Opus takes your ideas and turns them into real polished social media ready videos. All you have to do is upload an audio file and it builds the video for you. No cameras, no editing software, and no production team. This means if you have a product or a service you want to promote, all you got to do is drop in the audio file or the script and Agent Opus handles the rest. We're >> That's kind of cool. I mean, I do have Opus Clip. I don't know if that's in my plan, though. All I All I use Opus Clip to do is just edit down long form videos that I have. So, that's kind of that's kind of neat. I like that >> [ __ ] text to video done and it actually looks good.
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Again, that's agent.opus.pro/istic with the link down below in the description. Thanks again to OpusClip for sponsoring this episode. And now, let's get back to the podcast. Oh, yeah.
>> The majority of people, they're earning between, let's say, like 40k and 200k as a family. I know that's a huge spread, >> but like how should they approach today's market? If you're in that range, that 200 to 40 to 200, probably the best.
>> I think you should always be in the market. I think you should be in international markets. I think you should be in the United States markets.
I think you should always be invested as in and be as broadly diversified as you can. Whether it's in stocks, whether it's in real estate, REITs are actually a good way to get real estate exposure and stay diversified in that sector. Um, silver, gold, you name it. As long as you have the good stuff, you're good in my opinion.
>> Best investment you could really make is trying to figure out how can you and your spouse increase your own income.
There are people that I know that >> and I'm always looking for ways to increase my income. I will agree with meat spin Kevin. I'm actually agreeing with him on that.
I love you. Meat spin went from being a nurse and with overtime they're making $120,000 a year to saying you know what I'm going to go back to night school and I'm going to study to be an anesthesiologist.
Two 3 years later they do have to take on some debt but two or three years later they're like an anesthesiologist nurse instead of a normal nurse. and now all of a sudden they're making $400,000 a year. They're an independent contractor instead of a W2 person. Now they get write offs. They could write off all their side expenses. They could write off, you know, whatever their education, you name it. And so what's fascinating, >> that is one of the things I like about 1099 is that I I get to write off a lot of stuff. It is nice because it's true.
Everything I do is for the business.
Everything I do is for the business. And so it's like it's all valid. It's all valid write-offs. And I love it.
saying to me is there's so many opportunities to to grow your skill set and make more money that that's where I would focus first for most people. Hold on. Let's see what Trey is saying real quick. Trey's sending some messages. Uh I just keep on buying more of the good stock uh that I do have. LOL as well as buying other stocks. I got I get I got pretty good dividend checks from my Apple stock, Nvidia stock, and Tesla stock. I don't even work because the dividend checks that I get from stock covers my lifestyle through the year just fine. Exactly. Well, it's funny cuz cuz I'm so diversified in various types of uh companies and stuff. Uh my dividends actually cover a lot of things. Like my dividends cover a lot.
It's crazy how much they cover ultimately. Um it kind of freaks me out sometimes. I'm like, "Oh my god, my dividends."
Call it mailbox money. Yeah. Here's the thing, man. That's why I love having my brokerage accounts, dude. I see my dividends come in and uh it only um inspires me to keep investing.
The more I see my dividends come in, the more inspired I am to just keep investing and investing and investing and and doing my thing. It makes perfect sense to me, man.
Then I would focus on owning my own home and then I would focus on uh yeah adding some risk assets in the diversified portfolio I think gets really interesting when you're retired, you know, when you're on that other side of the hump.
>> Okay, that's so interesting you say that because what I've done is I >> Well, I think you should even when you're not retired, you should have a diversified portfolio.
even when you're not retired. In fact, if anything, I rely on the diversification.
First off, having a diversified portfolio helps me sleep soundly at night. So, that's a big plus. Two, it's just smart. I think it's just smart to have a very diversified portfolio. You should never be all in on one sector.
You should be spreading out your risk as much as humanly possible. I have like maybe 10% of my portfolio in spy.
everything else, virtually everything else is like >> I mean that's not exactly spy is basically the S&P 500. So I'll give Jack some props at least 10% of his portfolios in a in a good index.
I mean he could be a little more diversified than that but I don't know what the rest of his portfolio looks like. So >> I see >> or VUG which is just like large cap.
It's like one top 100 stocks. A lot of people tell me that that's like ultra risky but then you also have this other >> I wouldn't say it's ultra risky.
If anything, I think having an index fund is actually pretty smart. I don't think it's diversified enough for me personally. I I need massive levels of diversification. I not only do I need US stocks, I need as many international stock exposure as I can get a hold of.
That's why I'm so adamant about having more international uh exchange traded funds in my portfolio.
I need exposure to international companies. I need it >> side of social media that are saying there was this chart that I saw and it was if you bought $100,000 worth of TQQQ, how long it would take for you to be a millionaire at a bunch of different years. So like the year 2000 all the way up until the year like 2020. And it was not long every year. like the maybe the longest was like 10 years but even then like people were the returns of TQQQ are ridiculous. What do you think about also the alternative side of like having ultra risky ETFs like triple leveraged QQQ which is like >> I think I don't think there's anything wrong necessarily with triple leveraged.
I mean, if you're looking to make a quick buck, triple leveraged ETFs are not necessarily a bad thing if they're going on the upswing of like a good index.
I mean, I wouldn't say I wouldn't say it's good for long-term in my opinion, but I think if you're looking for some short-term volatility gains, I would say that's not necessarily a bad thing.
>> Jack has a problem with hindsight bias.
Well, he likes to say, "Oh, if I bought Nvidia, I'm just saying my QQQ portfolio has done pretty well just as easily 20% cash position."
>> I mean, in fairness, uh, over the last 26 years, we've really had a technological boom, right? I mean, look at where we were with technology 20 years ago. Uh, I think Counterstrike came out like 24 years ago. That was like these were like your first video games, right? Uh and and we were running on, you know, megabit >> internet. If you were at a T1 connection, you were lucky and you moved from DSL to cable. Uh that was lucky, too. Uh but anyway, so yeah, I mean there is some hindsight bias there, but I actually think the spy and the cues that you said, great. I wouldn't touch triple leverage because I think as soon as we get our credit event, which will happen one day, some black swan, whether it's private credit or all this crazy offbalance sheet financing that's happening with like Meta and the big, you know, the Blue Owls and the mega caps to finance their data centers. All that crap's going to implode one day.
It's all going to zero one day. They're going to overbuild and it's all going to crash.
>> And when that happens, t >> it's not going to zero. I think AI is I think AI is here to stay and the more that they build. Um, look, it's not all going to crash to zero. I think Meek Kevin's a doomer. And I think he's kind of And here's the thing. I'm not going to lie. I do think Meet Kevin's a little bit of a village idiot.
I do. I do. I think Meek Kevin is kind of a village idiot.
I just I don't listen to a word he says because I think he's full of it. But meet Kevin, meet me spin Kevin is a village idiot in my opinion. Straight up.
He's just wrong about the majority of the things he's talking about. It pisses me off.
Pisses me off.
I will say though, I made a little bit of dough on this bull run.
I made some sexy realized profits because like I said, I swing trade a portion. I I swing trade 30 to 20% of my portfolio and 20 to 30% of my portfolio is only like five ETFs. So, uh let's see 2375.
Bitty my titty.
Bitty my titty.
Why is everybody so mad at me?
Is it because I only bitty?
Everybody is so mad at me.
Why do you have to be so mean to daddy?
Why do you have to be so mean to me? Is it because I'm more diversified than you?
>> QQ is really going to suck. In fact, it'll probably go to zero. Which the QQQ? Dude, are you an idiot?
Come on, dude. There is no way the QQQ, which holds a hundred different companies that are really good companies by the way, is going to go to zero.
Well, could it crash? Sure. And could it crash 30 40% in a year? Without a doubt.
Without a doubt, this is where diversification comes in. Gives you a little bit of protection from downside volatility. But if the QQQ were to go down 30 or 40 or even 50% in a year, you should rack up on that. Buying the dip on an index like the QQQ is smart in my opinion. Not financial advice, just entertainment, educational purposes only.
>> You can't come back from zero. That's actually why the SEC just banned 5x leverage.
>> Oh my gosh. They had 5x. Why did I NOT KNOW ABOUT THIS?
>> They had 5x leveraged. Actually, I'm not going to lie. If there was an S&P 500 5x leveraged ETF, I'm not going to lie. I would get into that.
>> So, they weren't available yet. So, they banned it before they became available because it was getting so ridiculous.
And if you look at just either the tariff shock, >> but yeah. No, I on I'll tell you what, if they had like a Vanguard Total World Index 5x ETF, I would totally I would totally be on board with that. I would buy the dip on that in a heartbeat. Would it be risky? Yes. I would swing trade the [ __ ] out of it, though. I would It would probably be, in my opinion, one of the safer swing trades I could do.
>> Or this Iran shock.
>> I'm probably wrong on that, but >> 5x would already be at zero. They would have all already collapsed. So the SEC, you know, did a good thing there. They stopped that because they would have already been at zero.
>> Yeah.
>> 3x leveraged the next recession because we are so like we've never been through a real recession. Well, I don't even know that during COVID we had triple leveraged ETFs. We should look into that. But uh let's say we did absent COVID because it was such a short recession. Absent CO, we didn't have triple leveraged ETFs in the great financial crisis. Back then they would have all gone to zero.
>> So you would always argue, hey, don't touch the triple leverage. They wouldn't have gone to zero. That's ridiculous.
They would not have gone to zero during the market crash. They would have gone down quite a bit, but they wouldn't have gone to zero. And in fact, if anything, during dur, by the way, during the market crash, if you would have bought those leveraged ETFs, if they would have exist, those 3x leveraged ones when everything was to [ __ ] you would have at least you would have skyrocketed like crazy.
So yeah, that would have been so advantageous. Meet Kevin, man. I don't think that I don't think this guy can think I don't think he has the ability to think beyond 15 minutes of himself.
>> I just don't think he does, dude.
>> I just don't think he does. Let's keep going.
>> Yes.
>> But you do think QQQ is fine.
>> Totally. Oh, I think QQ is great. Love it. If you're going to buy it longterm, get QQQM is a little trick. So slightly different but their fees are like I want to say half or you look into the fees. The reason is they advertise QQQ. So everybody who comes in from the advertising funnel buys QQQ because that's where they spread the name.
>> Everybody who knows like the financial advisors that they're trying to you know also have use their product. They have QQQM for them and lower >> fee. No idea.
>> So what do you think is the biggest risk to the economy right now that no one's talking about?
>> It's that credit credit. Credit, credit, credit. That's it.
>> So, explain this like I'm five because Jack is five.
>> Yes.
>> Basically, >> explain it like to Jack. a a lot of uh debt that uh so so people owing other people money and we don't know if those people are going to be around in the next 5 or 10 years whether those are data centers uh people who are building out you know H100 Nvidia facilities or data centers uh or they are construction company's going anywhere there. Same with the internet. I don't think the internet's going I mean like people probably said the same thing about the internet back in the day. They said internet's a fat.
It's only going to last a certain amount of time. Obviously not true. I think AI people become so dependent on AI.
There's going to be such a huge demand for AI that these data centers are inevitable.
And I don't think they're going anywhere anytime soon. I really don't.
companies that are building these and rapidly expanding their debt so they can hire people to build out whether they're you know generator selling companies you know whether it's I mean not gener but there are plenty of other even private companies that are trying to build out data centers and everybody's trying to expand quickly so people are taking on debt to facilitate data center uh construction somewhere that's all going to go to crap one day when that cycle turns >> so how are you so sure of that >> I'm not that's the toughest part is I don't know where the credit cycle will be. I think it'll be in data centers, but it could be in somewhere else. So somewhere.
>> So what you >> I think AI will eventually be profitable.
Like I really do. I think AI eventually will. Um but there's such a high demand for AI that it's not going anywhere. you know, >> you're assuming probably will happen because these we don't just >> we will always need data centers but there will be a few winners a lot of losers and these losers are going to >> that tends to happen all the time.
There's the winners, there's the losers.
You never know. But one of the reasons why I'm glad I got into a few penny stocks though is because some of them have really blossomed up.
Like I have a specula. So I have a sleeve of my portfolio that's for speculation and uh yeah I love some of the penny stocks that I but with the help of Chad GPT I was able to find these diamond in the rough penny stocks that end up getting like bought out by other companies and stuff. So it's pretty dope.
>> You caught up in the credit cycle.
>> Well it's not financial advice by the way.
>> Typically what happens when you have an industrial boom is we overbuild. So there were like a quick comparison if you go back to like the dot bubble. We always think of like the consumer.com bubble like pets.com or whatever. But before that you had the infrastructure buildout boom uh dark fiber basically you know let's light fiber everywhere we can. And I think there was a company called WorldCom and Cross Country, I don't know, whatever. Massive debt expenditures driven by spending from the big mega cap incumbents of the day, which is exactly what's happening today.
Except just for scope comparison, back then the total like the highest annual capex spend was $82 billion from all of the mega cap incumbents back then.
Today, Nvidia almost makes $80 billion in a quarter. In about a 100 days, Nvidia makes about $80 billion. Wow. Uh the top five data center plays.
>> Look, Nvidia makes a lot of money, man, cuz they're sell they're selling their chips handover fist.
They're selling their chips hand over fist. Trey says Kevin is the type that believes in his own [ __ ] and doesn't listen to what other people say and he only takes his own advice. Yeah, here's the problem is I don't think I don't think Meet Kevin understands how the world actually works. And we'll watch a little more Meat Spin Kevin.
Maybe not entirely soon, but let's just take a look here.
CBS White House.
So, let's see.
So I kept hearing things about like an Iran deal or something like that, right?
Okay. So new an Iran deal would make the straight of Hormuz unrestricted. Good.
>> All right. Top of the new hour here and just moments ago, we learned through sources confirming the US and Iran have reached a deal to extend the ceasefire and launch negotiations on Iran's nuclear program. It's believed to be the most significant diplomatic development since this war began three months ago.
today and that's where we kick things off at this new hour. Hello and welcome everyone. I'm Sandra Smith in New York.
John, good to be with you.
>> Good to be with you as well, Sandra. I think the devil will be in the details though. I'm John Roberts in Washington.
This is America reports. The 60-day memorandum of understanding is still awaiting final approval from President Trump. If it is signed off on by the president, the straight of Hormuz would be quote unrestricted. The American blockade would be lifted and the US will commit to discuss sanctions relief and the release of frozen Iranian funds.
Molly Hemingway and former Deputy Sentcom Commander Mark Fox are here on this breaking news.
>> But first, let's go to our Trey Yanksty is live in Tel Aviv with more. What are you hearing?
>> Give me one moment.
keeping it warm.
All right.
All right, let's see here.
Hey, we got my boy Mad in the house.
What's up, Mad?
Nothing much, man. Just reacting to a little bit of the the news, it looks like. Just doing my thing, though. How you doing, brother?
How are you doing, my pink brony bro?
>> Over there, Trey.
>> Hey.
>> Yeah, John. Good afternoon. US officials confirming to Fox News that American and Iranian negotiators have reached a 60-day ceasefire extension, a memorandum of understanding. The question now is whether or not President Trump and Iran's Supreme Leader Mustaba Hamayi will sign off to move this deal forward.
>> Oh no. Souk. No.
S. No. As part of the current framework, we are told this would extend the ceasefire and open the straight of Hormuz. The issue of Iran's nuclear program would be pushed down the road.
And already we're starting to see a splinter in the positions at least announced by Iranian state media and announced by President Trump. You'll remember yesterday during that cabinet meeting the president said he would not be comfortable with Iran exporting their highlyenriched uranium to a third party country like China or Russia. We do know a top Pakistani diplomat is expected in Washington tomorrow. Some of these finer details will likely be worked out in the days and weeks ahead. But as you said, John, the devil here is the details because when we look at a situation like this, we have been here before only to see the Iranians step back at the negotiating table and try to drag things out longer. The other question has to do with enforcement and where President Trump stands in terms of actually enforcing some sort of agreement with the Iranians. what would be considered a ceasefire violation if this agreement is extended. We saw overnight the Iranians launching drones toward a commercial vessel that was trying to pass through the straight of Hormuz. Ultimately All right, let's keep going.
>> Sentcom shot down those incoming projectiles and then struck Iranian territory. The Iranians responded with a ballistic missile and drone.
>> So Trey, what's behind the White House is actually it's a UFC arena. It's the UFC arena that they have set up for uh the UFC fight that's going to happen on the White House lawn. It's going to be tight.
>> Attack against a US base in Kuwait. And it gives you a sense of just how quickly things can unravel in the region. So again, US sources confirming to Fox News that a 60-day memorandum of understanding was reached between American and Iranian negotiators. The question now, will this agreement be signed off in terms of Tehran and Washington at the very top level agreeing to move forward into this extended ceasefire? John.
>> All right. So, you've been covering this for an awfully long time. You're an expert on the region. In terms of where this goes from here, when in your recollection, have the Iranians ever negotiated in good faith?
>> Never.
>> I would say the answer to that would be never. At least it should be.
>> It's a great question and we don't have a great reference point for it because the reality is no matter who you talk to, whether it's sources in the Gulf, here in Israel, or in the United States, there is a consensus about the way the Iranians negotiate. They like to drag out these deals because it puts them in a more advantageous position when they're trying to get what they want at the negotiating table. Look at where things stand right now, John. The Iranian economy is in a free can't work with them. You can't work with them.
And in my opinion, there's no point in trying to. There just isn't. None at all.
>> Fall. Exports from the country are down 90%. You have crude oil extraction at 50%. Half the rate it's supposed to be.
And this is a result of the successful US naval blockade of Iranian ports.
President Trump when he entered into this ceasefire in the aftermath of Operation Epic Fury cut off the Iranian economy from the outside world and he's been cranking up that pressure each and every day. Sentcom says more than 100 vessels have been turned around. More than four were actually stopped in their tracks as a result of Sententcom ordering strikes or firing toward these ships that were not adhering to their warnings. And so Iran is in a desperate position right now to make an agreement.
But they are known for dragging out these types of negotiations. So, if ultimately this deal is reached, the big question remains, what will happen to Iran's nuclear program? And it's not just the highly enriched uranium around 60% purity that was buried deep underground in the aftermath of Operation Midnight Hammer last summer.
It's >> Yeah, there is no negotiating, man.
Just needs to act. Exactly.
Yeah. I don't I don't think Israel controls the US as much as you think.
I don't think that they control the US as much as one would think.
>> Allen enriched material because if you have uranium enriched at 5 10 or even 20% that's just one step away from weapons grade when they can spin that hexofllororide gas and those advanced centrifuges and increase the purity very rapidly in a matter of days getting closer and closer to weapons grade material.
>> Yeah. So that's the thing. You don't want Iran to have any uranium period because if they start enriching it, they could get they could get close to weapons grade at any time. It won't take them very long.
So yeah, >> John.
>> Well, seems promising at least on the surface, but again, as we pointed out, the devil is in the details. We'll see where this goes. Trey Yinks kicking us off this afternoon. Thank you, Trey.
It's nerve-wracking, man. It's nerve-wracking.
>> All right, let's bring in Fox News contributor Molly Hemingway on the news.
Molly, welcome to you. Obviously, this is, as we just detailed, the most significant diplomatic breakthrough since this war began. But does this ultimately just put off the intense negotiations that will still eventually have to happen?
>> Well, the the beginning of negotiations does not mean that there won't need to continue to have things happen here. It is true that both the United States and Iran have have needs here for things to to get to a better position. What's hopeful about this current moment is that um >> the US did was so effective in taking out that top tier of leadership. It was actually difficult to get the high level in negotiations with the approval from from the leadership that they are making this pro that that they're making this uh success happen. Now, it is indicative that what the White House thought this weekend, which is that they were nearing this level of talks, that they were going to have success, but they had to give that new leadership an ability to be able to sign on to it. That that prediction has been borne out.
>> I want to also point out bottom right uh of your screen, you can see that we are uh making very clear we're going to hear her directly from the White House here through Secretary Scott Bessett. He's going to be leading a White House briefing at 2 o'clock Eastern time about 54 minutes from now. quick look at the markets and how things >> Yeah, we might we might watch that later. I don't know. I don't I don't really know much about Scott Besset.
Maybe he'll have maybe he'll have something interesting to say. We'll probably watch that a little bit later in the stream tonight, but you know >> are reacting right now. Pretty muted reaction. The Dow is about flat on the day. S&P 500 and NASDAQ are up, but you can see how >> I had a few things up, man. For instance, um, silver and gold popped up quite a bit cuz I had bought I bought silver at really low prices yesterday.
Like I was able to get it at pretty good prices. So, anytime you can get silver at a lower price, man, it's always worth it in my opinion.
But yeah, I essentially just use cash as leverage for the most part.
It's pretty much all I do. I don't do anything fancy. I mean, it's funny because there really is nothing fancy about the way I invest. It's very um it's kind of boring if anything.
Um but yeah, no, I love um swing trading silver's become a very profitable venture for me. Um I mean, I kind of treat it like a business at this point because I'm, you know, constantly involved in that world.
Um so yeah, I really do enjoy swing trading silver though. It's been like I said a very highly profitable venture for me.
Um very proud of it though uh overall and >> things changed as the report from Axios came and now the confirmation from Fox News uh that we moved into the green. A quick look at oil markets as well. Uh we did see oil markets turn lower on the news. Oil now at $88 a barrel uh Molly just below 89 I should say. Uh and uh Brent crude is coming down as well. Uh I'm looking at probably a delayed price.
This is if it is real time. Uh but we are back below $90 a barrel. Molly, here's the details what we know so far.
>> Yeah, crude oil is below 90 bucks.
That's not bad at all.
>> Are uh >> gas is still going to be expensive for a bit, don't get me wrong, but that's not bad.
>> On this US and Iran 60-day deal, it extends the ceasefire. It launches negotiations on Iran's nuclear program.
Uh, shipping through the straight of Hormuz will be unrestricted. It includes mechanism to help Iran start receiving goods and humanitarian aid. But to Trey Ink's reporting just now, there's big questions about devil, what the devil may be in the details, and how do you enforce this? Well, just first off, the situation in the United States is important because the gas prices were so bad heading into summer. This becomes a real political issue for a war that already has not had the broad political support that you usually see at this stage of a war in, you know, the Americans are joined into. But it is also, >> I think, here's the thing. I think just end it as quickly as you can. It doesn't need to be a forever war. It doesn't need to last any longer than it needs to. Just find a way to end it quickly.
We've spent too much time trying to negotiate with an unnegotiable enemy.
Just do what you got to do. T Dog, come on, man.
>> So true that the Iranian economy has been obliterated through this shutdown of of the strait. That has brought them to the brink in a way that they weren't with previous sanctions. But they understand that the United States has political concerns. Donald Trump and and the Republicans have political concerns.
uh but even repositioning the situation.
I mean the situation with the straight of Hermuz that's so interesting is it's not a big passageway for United States goods. It's huge for Europe but Europe has sort of been content to have the United States make the straight of Hormuz its own problem enforce things there. We've continued to have an outsized role in protecting shipping routes. But one of the things this war showed us is just how much freewriting goes on from Europe uh toward the toward the US's posture on these shipping routes. Donald Trump has made this very clear both in his first administration and this administration about how that's not a tenable situation going forward that Europe gains so much from our protection of these things and they need to step up and handle more of their own defense posture more of their own concern about the problem of Iran and one hopes that going forward as negotiations continue that that continues to be something that's emphasized by the US toward its European allies. So, uh, as far as, uh, having trust in this deal and trust in those that we are negotiating and making this deal with, that becomes a bigger and bigger question as well, Molly.
>> Well, and the White House made it clear this weekend, even as they were hopeful about what we're hearing happening here today, that if there are violations, if there are problems where Iran is not complying with the terms of the upcoming deal, >> which we all know that Iran's not going to comply.
Come on. Come on. We know. We know. We know how Iran works at this point, you guys.
We know. We know they're not gonna comply.
Well, we don't know that. Know that, but we have a good feeling >> that everything's on the table from the United States perspective.
>> All right. Molly Hemingway joining us on the breaking news. Molly, really appreciate it. Thank you.
>> All right, John. Let's continue to dig deep on this with bring by bringing in retired Vice Admiral Mark Fox, former Deputy Sentcom Commander. Admiral, good to have you with us. What do you make of this idea of a 60-day pause for negotiations with a memorandum of understanding it looks like being agreed to, though we haven't heard from the president yet.
>> Well, I'm skeptic. Uh you know, I just heard the the conversation there. I don't think that the Iranians negotiate in good faith. Um >> they never do. They never do.
at all.
Pretty obvious.
>> I partic we were the ones who initiated the ceasefire in the first place.
>> Yeah.
>> Cuz we we didn't want too much bloodshed. We just want to try to avoid it.
But it just seems to like I don't know, just seems like a pointless thing to do at this point, you know?
Uh and so when they have uh egregious violations where they put try to put mines in the water or shoot missiles, um I think they ought to suffer some severe consequences of it. Um so this plays in my opinion towards the Iranian side in terms of giving them more time. Uh that's all I think that they've been doing all along. They were happy with the ceasefire and I think they're happy with a 60-day extension.
>> Yeah, I'm sure they are.
>> I personally Yeah, I personally uh color me skeptical.
>> Yeah. Well, you know, the Iranians are they're experts at playing for time if nothing else. You know, as you point out, the the Iranians are still playing fast and loose with their missiles. Uh here's what Sentcom put out just a short time ago. 10:17 p.m.
>> Eastern time on May 27th, Iran launched a ballistic missile toward Kuwait that was successfully intercepted by Kuwaiti forces. This egregious ceasefire violation by the Iranian regime occurred hours after the Iranian forces launched five one-way attack drones that posed a clear threat in and near the straight of Hormuz. All drones were successfully intercepted by US forces which also prevented a six drone launch from an Iranian ground control site in Bond Abbas. I mean you look at that as these negotiations are going on and you get the sense that this Iranian regime these guys are irredeemable.
>> Yeah, I'm I completely agree. Uh they haven't changed their stripes, John. They're uh they're dedicated to this idea of uh this Islamic Republic, this theocracy.
Um they don't care how many of their own people die or are in horrible economic conditions as long as they stay in power.
>> Um this is I see this as a generational opportunity to end a 47-year war that they've declared on us on our terms. and by kicking the can down the road by >> a 60-day extension is I don't think is the right way to go. But >> shouldn't President is in charge and he'll make that call.
>> Well, forgive me for interrupting, but if this isn't the way to go, what is the way to go to end that 47year reign of terror? What would you do if you were in charge?
I I would put um what I would call the unblinking eye, a a never uh 247 365 uh posture of surveillance and reconnaissance along the straight of hormone drones.
>> You got a spider on me?
>> No, you don't got no spider.
>> Got no spider on me. Okay, thank you.
>> I saved the day. I'm a hero. No.
>> I'm a hero, you guys. I saved the day.
Spider probably is crawling up in my busy right now.
>> All right. So, we'll react to the rest of this video and then I think I'm going to call it quits for now.
>> By kicking the can down the road by a 60-day extension is I don't think is the right way to go, but >> All right. All right.
>> President is in charge and he'll make that call.
>> Yeah. Forgive me for interrupting, but if this isn't the way to go, what is the way to go to end that 47year reign of terror? What would you do if you were in charge?
>> Well, and this is where it gets where this guy's talking, it gets a little bit controversial because, you know, the decision that you would have to make in that scenario is if you can't negotiate, you have to unfortunately go the route of violence, which you don't want to you want to use that as a last resort. But like if the, you know, if the group or the entity that you're trying to negotiate with just isn't negotiating and they're just stalling for time, it's like you kind of shouldn't be playing their game because you're playing you're allowing them to get the upper hand. So that's the way I see it, but I'm curious what his opinion is.
I I would put um what I would call the unblinking eye. a a never uh 24/7 365 uh posture of surveillance and reconnaissance along the straight of Hormuz, airborne drones, helicopters, surveillance aircraft and have ordinance in the air that would if they ever send out small boats to attack innocent merchant mariners, then we would we would prevent that from happening. uh we we should not give the Iranians the agency to say that they do or do not control the straight of Hormuz. We should force that issue so that the freedom of navigation is for all and not allow the Iranians to have that kind of agency here.
>> Yeah. I mean, if you put the unblinking eye of Sauron on them and you back it up with military hardware, but what do you do about >> Oh, my man just mentioned the unblinking eye of Sauron. That's pretty pimp actually.
That's hilarious >> about the regime itself.
>> Well, you've got to be consistent, I think, in terms of them suffering consequences, serious consequences when they uh attack, when they cause mischief. You can kind of see how if they start playing this thing so that everyone the Omanis let's say make a deal with Iran and then the Amiradis or the Saudis uh if we are irresolute if we don't come across in a very very uh resolute fashion then I think the regional partners and the regional neighbors uh will not be able to uh it'll it'll be very detrimental to all of our interests. Yeah. All right. Well, again, this we're just in the early minutes of this, so we'll see how it progresses.
Admiral, >> well, overall, I mean, if we're going to give my conclusion to this before I end the stream, I I don't know. I think that I think that stalling for time is a bad thing. I mean, look, I look at it this way.
When I'm playing chess against my buddy Jake, obviously chess is different than real life, obviously, but it is a game of strategy, right? So, if I'm stalling for time too much and I'm not making the right moves in a timely fashion, I I get burned, right?
So, I want to make sure that I'm making the most effective moves in the shortest amount of time possible.
And I think that's the type of strategy that needs to be implemented here.
And sometimes you just have to be aggressive. But obviously this is life.
This is real life. So it's a different scenario. But anyway, I do want to thank you guys for your time and uh I'll see you guys a little bit later. We'll do obviously the the evening stream later on tonight. Um uh obviously I got to get my outdoor time in. Um, you know, we get the morning stream and the late stream. Do what we got to do.
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