0:00 dude [Music] okay what do you guys know about Blackstone oh yeah the uh Blackstone Black Rock it's like Stone was it Blackstone that's not the private military thing is it no no they're they're two of the same well they came from the same company BlackRock and black stone is it the real estate one well BlackRock is the largest of the two companies right with over 10 trillion in assets and then Black Stone has like 900 billion 10 trillion nothing hundred they're the ones buying up all the real estate I I I listened to an audiobook by one of the founders of that group and then one branched off and then started doing like um a lot of the real estate
0:51 that we've been seeing that are buying up all of the residentials and ████ yes so um there is what's from Anthony no I'm I'm just listening he just looks so mad about it ████ ████ buying a ball so Blackstone so you guys know what just happened with FTX right like FTX basically said hey we're well Sam bankman free to say are solvent but he's like we're fully solving I don't can't believe what's going on right now with U.S withdrawals like they should just open them up and it's like you're the CEO what the ████ you open them up what were you talking about okay so Blackstone is limiting investor withdrawals from its 125 billion dollar real estate investment fund following a spike in Redemption requests people making a run right oh ████ I wanna so are they doing the same thing is that why basically they're limiting withdrawals that's all we know so far it
1:41 just happened today usually when they do that it's not a good sign usually it's a clear sign that that means that they've been using people's money it's actually a very good business is great by the way uh Blackstone paid me to talk about this it usually means they have so much money they don't want you to be irresponsible they don't want you to get out before it's get the getting's too good yeah yeah it's gonna get better just hold hold's about to go way up I know so um only point three percent of the funds net assets will be available for redemption in December 0.3 I might as well just block it Jesus Christ in October they received 1.8 billion dollars in Redemption requests 2.7 of the net asset value for example so now only point three percent is going to get taken out so so when two percent is being redeemed they're like that's
2:31 too much well no the idea here is that we must do point three percent no that was normal right I'm normal month right potentially and then now they're like oh ████ we can't you know even handle it like we can't handle that much we're gonna do a point three percent okay so just to ask maybe uh if I'm ignorant about it what would they be using people's money for they're over leveraged yeah but like on what just purchasing other property and real estate all kinds of ████ they have stakes and MGM brand and Mandalay Bay um they have it's it's called Vichy properties which is like a big conglomerate holding all these assets so people that are like a little bit more skeptical and pessimistic about where the economy is going they think this eventually is gonna get
3:21 to the big Banks eventually Bank of America Wells Fargo Chase is going to be like you can't pull money out either because we're all over leveraged on this month and then they're gonna get bailed out by the government and that's gonna be all but all of us get ████ because we still have to pay but we deserve to get ████ because we're not that rich yeah we deserve to get ████ because we're just the regular people so we can't do anything like the way they can so some people are recommending to start pulling some of your money like actual money out and start it at home not us though we think that Blackstone is a solid reputable company and savings get passed down to the customers at Costco so shop Costco during these hard times are wild these days they're so integrated I want a Costco brand deal that would be the most long lasting brand deal that we could ever have tomorrow we need to come in and all
4:11 Kirkland Signature hoodies I would love it brand deal before though no because you can't you can't detect it just happens they don't need to yeah do you think if we pretend to do Costco brand deals they'll send us a season this is yeah I think they'll be even more aggressive this video is brought to you by Kirkland that's that's like ████ Ryan doing the Rite Aid ice cream photos and then being like oh you know what we gotta stop this guy in a way what's the cease [Laughter] um so the estimated value of blackstone's assets across Logistics facilities apartment buildings casinos medical office Parks is 69 billion dollars Forbes estimates wow and apparently 15.5 billion dollars in Revenue through 2022 thus far
5:01 [Music] um so this is this is maybe you know people you know a lot of people right now on Twitter especially for the crypto Twitter and everywhere they're going holy ████ is this an indicator is this something that we should all be like because it's the start of something yeah the company as big as that is going you guys can withdraw exactly what do you think yes I think strong yes because there are many times in my life where there have been indicators like this and then I was like no I think I can still make money from it I think I'm good so you you would really go to your actual bank and start pulling money out because what would be the most extreme safest version I should probably actually try that for once because like I've tried not the that before that's a good idea how do you do it how do you even pull money out I've never done it in in terms of what bank not like cashing out like a pretty good investment yeah yeah I have no idea I've
5:52 never done anything yeah what's that look like that's what I'm saying I've never done it before so like how do you do it if you guys were to take your money out what is the safest way to keep cash you got to go to the bank and then you gotta turn it into ethereum and then you're gonna convert that into cash that's the safety you gotta go to a Bitcoin turn it into an inflationary asset that can be printed non-stop as long as now the safest thing is I just give a bunch of cash like my dad and he forgets where he puts a bunch of random box of cash and ████ random ████ like Escobar but in a small way because that's what makes me nervous I think we should invest in skateboards yeah skateboards were so sick can we invent and can we invest in finger skateboards because I think Tech Decks it's cheaper yeah because when people all lose their homes and cars they still need to get places and so skateboards are pretty cheap well I don't think they can get there with a little we're gonna be a skating economy now while they're
6:42 getting places don't they need to do something fun yeah they need to hop on at the same time that's kind of where I put it we're thinking big pictures yeah yeah yeah I'm thinking about the consumer so it does this make you guys want to say oh I'm gonna start looking into my own financials to start it honestly does make like when I hear more and more of it does make you want to pull out like some sort of really emergency savings yeah like what would that percentage-wise what do you think that would be maybe like six months living expenses or something and then put it in like put it in a safe or something do you think your bank would stop letting you pay your bills they'll freeze your account and be like you can't even pay bills with this as long as it doesn't say anything about the Jews I think you'd be good okay that's true how much stuff are you saying I think it's your withdrawals any guys talking ████ about Jews hey uh in what situation would a mass public uh
7:35 need to do a bank run on like major central banks as China they just they just oh yeah and it's happening everywhere you know it's like it's not like it seems like something that's impossible because we haven't seen it but it's literally like huge nations are going through ████ like this yeah we saw we saw it with like Russia you know we see in China but like what is uh I saw it here to the US version in this what happened in a way but thanks real estate crash but then the banks didn't like take money a lot of uh smaller Banks they were they became insolvent like people are they were doing Bank runs and then you would see on the news like there would just be lines out of credit unions and whatever that people were just like I can't get my money out bye bye Washington Mutual how much of this do you think is like the after effects of like lockdowns and
8:25 like covet and stuff do you think how inflation is hell of that yeah right like yeah it's a big decisions that were made because of it I mean they stopped the economy and then they printed mad money why yeah the money printing honestly bro a little bad call and The Leverage Market give me a ████ break if I could complain about one thing forever it's the leverage Market those people are degenerate ████ and I don't like them I don't like people who play leverage you go I'm not really on game so people who play leverage you're going to risk something you're borrowing money to ████ like you're sticking invest with it taking something as collateral but not nearly as much as you're borrowing against it right because you're leveraging it so you're going to like say I'm like I put in two thousand dollars okay but then I'm gonna uh 100x leverage this so I'm gonna borrow way more than that so you hate me well yeah but exactly and and but we were ████
9:15 degenerate well I mean maybe he was like wait not me but we were we were pretty Joe Smiles what was the General remember borrowing money and leveraging I leveraged a little but I got out quick that's the stuff I got up so just Anthony yeah what are you talking about Oh you mean you're talking about anchor borrowing yeah oh yeah well but dude we're not we're not leveraging we're not true leverage traders in a sense that is the sliding scale that does such like you're not affecting the economy the economy is affecting you still at that size you know well no but but that's right so you're you're placing a bet you're you're saying I will um receive this certain amount if my bet pays off if I'm correct so say you're betting on the price of Bitcoin I think Bitcoin be 35 000 by like this time well I'm going to bet this much collateral right and like stake that away somewhere and then
10:05 I'm going to place my bet and I'm going to get paid off as a way higher amount if I'm correct on my bet so it's like sports betting in a way and that's the problem is if the economy is hindering on that on all these bets being made and all these liquidations that are cascading down the ████ ladder now you're in a real economic meltdown situation which we have seen many times this is a nightmare so we're headed that way well I don't know because dude it's it's always sensationalist ████ right you you never know exactly what's happening it's always like what someone's narrative is it's like Jamie Diamond will tell you you know of JP Morgan Chase Hill the CEO he'll tell you be careful right now like save money right now I think calamity's coming but those guys aren't trying to help like the ████ average person yeah we never know when a billionaire
10:56 tells you to do something like oh right now you guys should be like spending or you guys should be doing this like I'm always skeptical got it because it's like what skin in the game do they have good for you but what about when a realtor tells you it's the perfect time to buy well that's different you mean the ones that make commission off to all their best interests always a perfect time to buy yeah there's never like oh you shouldn't buy it that's what ant says but that's why I like well that's why my whole uh game is targeting Market needs Market needs is my ████ game right what does that mean so like looking at what the market needs yeah um give us an example I can use that in a sentence please no so so when I found ethereum or when I found Bitcoin even I
11:46 was like well this is cool because 2008 happened and I don't have faith in the economy anymore right so then I was like well you know bitcoin's kind of telling you like that a completely different way of looking at this ████ and who knows how to pan out look at that much on it thank you Anthony um so then you know ethereum comes out and I remember you know Finding ethereum like 2016 I was like oh this is this is awesome because two people can just enter into like a smart contract they can have an agreement with each other that gets paid out when um a parameter is met and they don't need anyone to approve it you don't need a notary or anybody to sit there and go oh I I stamp this it's approved it's done on the blockchain everyone can see it and through consensus they can confirm it awesome so then you know we fast forward I get into OMG why'd I get an OMG because cbdc Central Bank digital
12:36 currencies that is a market need like whether you like it or not it's coming ████ and whoever is the first mover to the market will be the big player in the game and I thought because they were working with scp-10x which is like the biggest ████ Bank in Thailand that was that has like the king of Thailand like like involved with it I was like that is a dunk for me it rode um the wave back was like the first biggest mover but then thankfully I got the ████ out because I was like I don't know what they're doing they sold the company I don't know what's going on maybe it didn't work out with cbdc's and that happened so then I get to Luna Luna what's it doing that's different right uh tether the biggest ████ name in crypto actually if you look it up by volume is tether Bitcoin ethereum who moves more volume a day if you add both of their volumes together tethers so I'm like ████ you need something that
13:26 is not that you can actually back by something tether is not backed by anything bitfinex doesn't open the books up doesn't ████ account for what's going on with tether that's scary to me like just like the regular cash game exactly it's like cash and that's the problem with cash it's not backed by anything anymore there's no gold standard anymore so I was like okay well UST is interesting because they're actually saying okay we're back in with senior orange we know how we do this like if every one dollar Looney generate one dollar Luna gets or from every one dollar of us you generate one dollar loan gets burned there's a mechanism there that's actually backing something and then eventually they're like holy ████ we have a huge shortfall here we ████ have done so well in the market cap because UST growth was so huge we have to back it somehow using Bitcoin they announced the mechanism they use that mechanism to kill us we got killed now what's my biggest thing fragmented
14:17 liquidity is it not panning out of the market ████ are we not seeing it all ████ day long liquidity is the issue that's what happened with FTX right who's the biggest bucket they don't got liquidity dog you can't cash out dog who's the biggest liquidity performer who's one of the biggest recruiting Fighters I do it all damn and do it every ████ time I will do it again does it every single time never cashes out but does it everything but it's exactly right don't ever ask me how to cash out I literally don't know I was asking about it earlier but I know how to pick them baby he's the guy at the racetrack picking the winners and then spending the rest and then doubling down on the next one baby let's go reinvest that's it [Music]
15:20 thank you
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