Episode Transcript
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Speaker 1 (00:00):
How about bitcoin going over one hundred thousand dollars for
a bitcoin for one bitcoin? Yeah, holy col I heard
Glenn Back talking about it earlier that there was a
guy that it's the story with that where back in
the day, the guy used a few bitcoin to get
(00:22):
pizza from Papa John's and he paid with bitcoin and
it was like to the tune of I want to say,
it was like five bitcoin per pizza.
Speaker 2 (00:31):
Wow, and this dude and he that was it, like he.
Speaker 1 (00:36):
Never and that that story is already and I may
be off a little bit on that.
Speaker 3 (00:40):
Half a million dollar pizza though. That must have had
some cheese.
Speaker 2 (00:43):
Yeah, And now it definitely does that.
Speaker 1 (00:47):
But that story came out when bitcoin was in the
sixty thousand range. I remember that story. Never verified it
or whatever, but boy, it really has more gravity when
you think about what bitcoin is doing right now and
think about having ten of those and you're a millionaire.
Speaker 3 (01:04):
I was thinking today when I heard that he hit
one hundred thousand, I'm like, Okay, now, how rich would
I have to be if I decided now is the
time to put some money into bitcoin? Because you know,
you go, yeah, well, it's already one hundred thousand. Well,
whoever thought when it was fifty cents that it was
going to be one hundred thousand? Nobody who says it
can't be half a million? Who says it can't be
(01:26):
a million?
Speaker 4 (01:27):
Who?
Speaker 3 (01:28):
What are the boundaries? What are the limits? If I
had stupid money to play with, Yeah, I might actually
buy a little bit.
Speaker 2 (01:35):
By the way, I'm looking at it real time.
Speaker 1 (01:36):
So before you start blowing up my direct message, I
know it dropped below one hundred. It's ninety nine thousand
and four forty six right now.
Speaker 3 (01:44):
Oh well there, so it bottom fell out.
Speaker 1 (01:47):
Yeah, well you know how it goes. A lot of
people are quick to send me stuff and go, uh,
you know or whatever. So, okay, it's just barely below.
But it did crust. I thought I saw one oh
eight at one point. This would have been last night,
last evening.
Speaker 3 (02:02):
This is the Seinfeld of currency, It really is. It's
a currency about nothing. It is.
Speaker 2 (02:06):
It's crazy.
Speaker 3 (02:07):
It's just speculation of what somebody may be willing to
give you in exchange for it. There's no backing, there's
no it's nothing but speculation. And that's I don't know
if that's a good thing or a bad thing. I'm
not sure if I'm impressed with our creativity is a species,
or if I'm depressed that we could spend that kind
(02:28):
of money on nothingness it is.
Speaker 1 (02:30):
Ah, Yeah, I don't know. I definitely don't know a
lot about crypto. You know, Demetrius, God Rest his soul,
he did.
Speaker 2 (02:40):
He knew.
Speaker 1 (02:41):
He's very knowledgeable, very versed in that, and he would
talk about it when he would be on the air
with us, And that was clearly when it was, you know,
relatively new kind of getting underway maybe you know, and
by fledgling, I mean, you know, the last few years,
but it was starting to pick up speed, and he
was he understood it and would talk about it and
so on. But Doze is one of those ones that
(03:03):
it's it's starting to, you know, kind of spike up
a little bit simply because of this Department of Government efficiency. Yeah,
you know, the whole thing with that, And that's it.
That's the only reason that it's I think kind of
spiking or whatever. But you know what, buying it at
two or three cents per share, which is what I did. Yeah,
I'm just gonna I'm just gonna let it sit. Who knows,
(03:26):
who knows what can happen. I'll show up one day, Chuck, you.
Speaker 3 (03:29):
Know what happened? What is the economy of cryptocurrency going
to be? Okay, it's like, okay, I can't spring for
the Lexus, but this is a really nice Toyota Doge
may be the Toyota to the bitcoy Lexus for all,
you know, right, Yes, I'll take it, yeah, exactly.
Speaker 2 (03:43):
I'll take it.
Speaker 1 (03:45):
And I already got my investment back. I did that,
you know, two years ago or whatever it was. I did,
you know, when I first bought it. I did get
my initial investment, and it's just been sitting there ever since.
I have, you know, several thousand shares of it.
Speaker 2 (03:59):
So I'm just sitting that.
Speaker 3 (04:00):
We are in an interesting time.
Speaker 1 (04:01):
We'll see, we'll see how it happens. And I'm glad
that Eric Delbert is joining us now. He's host of
on Target and of course owner of LAPD Firearms and Range.
He is our crypto currency professional. He is our he's
and I'm glad he's joining us now.
Speaker 2 (04:18):
Eric. And Eric's like, wait a minute, what what am
I What.
Speaker 3 (04:21):
Did you say? Eric thinks you should be able to
use ammunition as currency.
Speaker 4 (04:25):
You can in some neighborhoods in precious metals, guys. Okay,
lead copper.
Speaker 2 (04:31):
With the with the emphasis on lead. Yeah, exactly.
Speaker 3 (04:36):
Man.
Speaker 4 (04:37):
It's funny. I heard you guys talking about crypto, and
I don't know much about it. At one point though,
I had an opportunity of just throwing a couple hundred
dollars in it. And this just tells you my my
level of risk. I threw a couple hundred dollars in it.
It jumped to like three twenty five. I'm like, great,
I made one hundred and twenty five. I'm out and
so I told it and I'm gone.
Speaker 1 (04:58):
So you have a you are, you're one of those
people you can go. I never lost anything in crypto.
I invested and I made money and I got out.
So you don't have to tell people how much. But
guess what that holds true?
Speaker 4 (05:10):
Right right?
Speaker 3 (05:11):
Yeah?
Speaker 2 (05:12):
For sure.
Speaker 1 (05:13):
So yeah, we were talking about this yesterday when when
all of this broke yesterday morning, of course, the CEO
of United Healthcare, Brian Thompson, was gunned down on in
front of his hotel there, I believe, on Sixth Street
is where our reporter was telling me yesterday. This place
is located. I've only been to New York City one time,
(05:33):
so I'm not acting like I know where it is.
Speaker 2 (05:35):
But anyway, it was very early in the morning. He
comes out, and.
Speaker 1 (05:39):
Several people had walked by the shooter by the way,
and clearly he didn't shoot anybody else. So, you know,
Brian comes out, walks by, the guy shoots him in
the back, He spins around, he continues shooting him. I
guess he took fire in the chest and then the
leg and so on. You know, now we're finding out
some different things about this situation, one of which is
(06:02):
he has a wife. He has two children. I believe
two sons. Is that correct? Did you I thought I
heard you saying that or talking about that last night, Chuck.
Speaker 2 (06:10):
Did you do you remember? I think you exactly.
Speaker 3 (06:13):
Behind my wife and two children?
Speaker 1 (06:16):
Okay, okay, But you know, there's there's a whole bunch
of different interesting angles that are kind of coming out
of this first and foremost, I don't know, Eric, if
you saw any of the social media people are so
brutal on there what they are saying about this guy,
and you know the fact that, yeah, I don't know,
maybe he was a snake in the grass he was.
(06:37):
I'm not I don't know anything about him and his
business practices and all of that, but man, doing something
like that, I mean that that's why we have a
court system and so on. You're not supposed to be
the judge, jury, and executioner right there on the street.
Speaker 2 (06:53):
Although we know we can't stop people from doing that.
Speaker 1 (06:55):
Clearly, we witnessed it yesterday, but I thought it was interesting.
You sent a text earlier this morning and there were
some things that you kind of wanted to clarify about
the way that this went down with regard to the.
Speaker 3 (07:06):
Shooter and so on.
Speaker 4 (07:08):
Yeah, you know, we look at it and I don't
know if it's if it's the place cop instinct or whatever,
but when I when you see these these events, I
start to look at it almost from an investigative standpoint.
So one of the things that stood out, not just
to me, but to many out there was it looked
like the shooter had a suppressor on his firearm, which
is a little bit unique in this day. You don't
(07:28):
you know, you don't see that happen very often. And
so a couple of things that came to mind on that.
I think suppressors are illegal in New York City. Okay,
how do they get it? Is he from out of town?
And the other part of that is it's not super
easy to get a suppressor. You have to go through
a little bit more of an extensive background check than
(07:49):
you do for purchasing a firearm.
Speaker 1 (07:51):
So do they ask you on a On a side note,
if I can pause you right there? Sure when you
be cause you guys sell them there at LAPD Firearms
and range over on that's the road. But when when
somebody comes in, do they ask you on the forum?
Speaker 2 (08:03):
Is it different?
Speaker 3 (08:04):
Though?
Speaker 2 (08:04):
I think forty four to seventy three is what it is.
But do they ask you?
Speaker 1 (08:07):
And it might be a different form for a suppressor,
but do they ask you, like, what business do you
have with buying one of these?
Speaker 2 (08:13):
Or there is it a they don't ask why?
Speaker 4 (08:16):
No? So, actually the suppressors are still covered under the
nfact So you go through the process of buying when
you buy a suppressor, this same process you would as
if you were to buy a machine gun or a
short barreled rifle. So it's not done immediately in the store.
We can help with the paperwork. Then it gets submitted
to the ATF and FBI. You had to submit fingerprints
(08:39):
and typically the reason there was a question that says
reason for ownership. Most often you put all lawful purposes
or for collection purposes. But they've become very popular. They're
not all that expensive, and the ATF has really sped
up the turnaround time. So it used to be you
would go to purchase one, it would literally taken months
(09:00):
even a year sometimes to get the paperwork back. We're
seeing that paperwork return now within forty eight hours, maybe
a week sometime, so it's really open up the market
for it. But it is they are a registered item,
so you can't just sell it to a buddy. It's
very you know, presumably we know you know, or the
(09:21):
government knows where every suppressor who owns it because you
have to go through that paperwork.
Speaker 2 (09:26):
That is that it is very interesting.
Speaker 1 (09:29):
But the fact is, you know, when you have people
wanting to buy those, I mean, it has to enter
your mind, like, so what do you plan on doing
with this? Is it just like a toy like anything else?
Or I mean, I know you're not necessarily allowed to
ask somebody that when they come into your you know,
in your store, you're going look it's a sale. If
(09:50):
they qualify, they get past all of what they need.
It's sold. I'm bringing it up, you know, or whatever.
But does it make you do you ever wonder when
someone comes in and they want one, you do you think, like,
I wonder what they're going to do with this? Is
it more or less just kind of a novelty.
Speaker 4 (10:04):
Thing, a little bit of a nowe? But there there
is a viable purpose form. I mean, it suppresses the sound.
It's not Hollywood silence silent in most cases. So if
you're hunting and you have a suppressor, many states encourage
it because it's you can, you know, shoot without hearing
protection and you're not disturbing others. If you have an
outdoor range at home, it really makes it viable interesting
(10:27):
not loud. And then on the range too, I mean,
it can really get to a point where you don't
have to hear hearing protection. So it's not most of
the time Hollywood quiet as they say. So it does
it does have a, you know, an application other than
just being kind of a cool factor.
Speaker 1 (10:43):
So were there some things that were reported about this
Eric that you noticed and you went, hang on, this
is this is not completely accurate?
Speaker 4 (10:51):
Yeah. One of the things that kept coming up was
they kept saying the shooter's gun has jammed and it
you do see clearly in the picture that he is
having to cycle that firearm each time, which is not
all that uncommon when you're talking about utilizing a suppressor,
especially on a handgun. Sometimes, if you're trying to make
(11:14):
that as quiet as possible, you can purchase subsonic ammunition.
It's very common, and that ammunition is loaded to lighter
pressures than a normal let's say nine to millimeter, and
so it makes it even quieter when you go to
shoot it. But sometimes one of the drawbacks of that
is it's not powerful enough to cycle the firearm. So
(11:36):
it's not uncommon, and you can see the shooter in
this case didn't seem surprised that every time he shot
he had to cycle the firearm, probably because it was
a subsonic ammunition, or it could have even been handloaded.
Depending on his level of knowledge on firearms, he might
have loaded it lighter to be quieter.
Speaker 1 (11:56):
Is it your understanding that it was a twenty two?
How anybody figures that out right?
Speaker 4 (12:02):
I don't think everyone I've talked to, I don't think
you can determine it. My gut is it was probably
a nine millimeter. I mean, it's very common. Now. It's
not to say too that he you know, he couldn't.
He could have made that suppressure. They're not all that
complicated a federal law. If you if you do that,
you know you're breaking federal law. But it's not that hard.
(12:23):
If he was intending to do something to, you know,
make one, he's.
Speaker 2 (12:27):
Probably not that worried about federal law since he was killing.
Speaker 4 (12:30):
Somebody, you know, exactly exactly. But it's not uncommon. There
was even some firearms in the day. I think it
goes back to Vietnam that were intended not to cycle.
So if you imagine that if you have a you're
really trying to be quiet, you have subsign and communition, Well,
sometimes all you hear is the cycling of that firearm.
So if you keep that that slide forward when you
(12:51):
shut it makes it even more quieter. So it's not
it's not that uncommon.
Speaker 3 (12:57):
I've had the conversation before with the silencer is suppressors,
whatever you want to call them. I don't have much
use for them, but I don't want to take away
anybody else's right to have them. Yeah. Frankly, if I
have to pull the trigger, I want everyone to know it.
If I've got to open fire, I want it known
that I am firing. If I'm hunting, I want it known. Hey,
there's a guy one hundred yards behind you with a rifle.
(13:18):
I like the idea of interesting making you know that warnings.
Speaker 2 (13:22):
Yeah, yeah, for sure, I agree with the chuck. So
Eric is Eric.
Speaker 1 (13:27):
Delbert, host of On Target, owner of LAPD Firearms and Range.
So on Saturday, you guys have a little something special happening, correct,
we do.
Speaker 4 (13:37):
We just got the word yesterday that we are Actually
we typically come on noon until one on Saturdays. This Saturday, though,
we are going to be going from eleven am until one,
so a two hour show. We've talked about it a
long time and this weekend we have an opportunity to
do it. So we're super excited about that.
Speaker 1 (13:54):
Very good starts at eleven am right here on news
Radio sixtend w YOUTV, and from eleven to one it'll
be on Target. You'll be there with the whole cast,
the whole cast and crew. If you will live from
LPD Firearms and Range, you still have the uh, yeah,
you still have the studio over there and all of that.
Speaker 4 (14:13):
You have the studio setup, have a little studio audience
each week.
Speaker 2 (14:17):
All right, very.
Speaker 1 (14:18):
Good man, Eric Delbert, thanks for jumping on with us
clarifying some of this stuff. Kind of interesting with regard
to suppressors and silencers what have you. Kind of interesting information.
And yeah, if you're one of those people going, really
I thought they were illegal because remember I was telling
you that when I was in your store and you
have them right there in the case, like showing, and
I was like, what these are. I didn't even realize
(14:39):
that I was buying a couple of guns from you.
And I was like, oh, you you actually sell these
and they're not illegal now, but you do have to
go through the process, so correct.
Speaker 3 (14:48):
Correct.
Speaker 4 (14:48):
Well, thanks guys, You guys be safe out there.
Speaker 2 (14:50):
Thanks Eric, appreciate it. Man, you too,