April 1, 2021 • 39 mins
On this Women Wednesday edition, John discusses the mixed markets, John's take on the news of the day, celebrity news with Xen, the pot situation, and the Matt Gates scandal. Today's guests: Xen Sams, Carl Schramm, Joseph Hagan, and Karyn Turk.
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Episode Transcript
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(00:09):
Alrighty, welcome, welcome, welcomeback. It is a woman Wednesday edition,
a liquid lunch ump Biz TV.All my friends out there tuning in
right now on BIS Talk Radio nowwelcome and all my friends out on the
Money station Portland, thank you fortuning in today. Right off the top
of the show, we usually startoff with the best in business and Sam
(00:31):
should be with us momentarily checking inon the market's big coin, fifty nine
thousand and five sixty. I've saidthe last couple of weeks when it breaks
into a new level, A coupleof weeks back and broke into the sixties.
Couldn't hold it retrace a little bitcoiled up, built a little support.
Now it's banging right up against thatfifty nine breaking sixty on a Friday.
(00:53):
I think it'll be good because alot of action tends to come in
in Asia and stuff over the weekendsEtaly Sunday nights. So I think this
time it breaks into the sixties andthen the foam all comes in. People
will like holding on open and wentinto the voties to buy a chief.
Once it close to this is damn, let me get in there, and
people run in on the fear ofmissing out, So keep your eye on
(01:14):
bitcoin. I'm happy with what's happeningthere. It looks good, it looked
poised for a move to a newlevel. In my view, dal Jones
up twenty nine at thirty three hninety six and the Nasdak performing way better,
like ten times better at thirteen twoseventy eight of two hundred and thirty
three points today. So if yourNazdac stock, so if you're Nazdak heavy
(01:37):
in your portfolio, then you probablyare happy today because Nazdak is whooping Samash,
Hey do we have zen SAMs.We're still awaiting the arrival of miss
n Sam's. But a little moreon what's been happening in the down.
I can tell you this, thethe SP five hundred is rising a little
(02:01):
better than the Dow. It's performinga little better than the Dow right now,
as many people are looking at JoeBiden's supposed infrastructure plan. Okay,
so wild why when an infrastructure planbe good for SP five hundred stocks?
Well, these blue chip stocks,the caterpillars and the big man the big
(02:23):
machine operators and concrete construction materials andstuff like that, they're all going to
be seeing an uptick because we stoppedbuilding roads and fixing bridges and overpasses and
tunnels. It's going to create alot of spending on equipment and other I
(02:44):
would like an infrastructure build that wasmostly towards hiring union workers and hiring Americans.
But right now, as you know, with almost eleven million Americans unemployed,
Joe Biden is contemplating letting over elevenmillion Illi Lalians stay in the country.
(03:05):
So the opportunity pool is going tobe diminished by half for those Americans
out. Yeah, and if they'reillegal, they're not going to be in
a union, So these are gonnabe non union jobs, which is another
bad thing. Never a bad thing. When she joins us, then Sam's
with us. Hey, Zen,how are you in this afternoon? Yeah,
I'm doing great. How are you, John? Well, I'm doing
(03:28):
fine. I can't complain. Youknow, I was at Curtis's birthday party
last night up in the Empire Steakhouse, and so I judge Jeanine, which
always makes me happy. You know. Um, Megan Markle and Prince Harry
Zen they're saying they're gonna have ahome birth for their second child. They
are, well, that was Megan'soriginal plan with Archie, but of course
(03:52):
she had like a last minute deliveryin the wee hours, so she never
got to live that part of herbirthing plan out. But they announced that
they're having a girl in the OprahWinfrey interview earlier in the month, and
she displayed, you know, thebump on camera. She said that she
was ding the summer, but shedidn't really give an exact date. So
(04:12):
we know that she has a beautifulhome in California. They bought a fourteen
point five million dollar home in Montecito. It's a huge estate, which makes
for a great setting for a homebirth, and that's what she's aiming for,
to give birth at home in hercomfortable, you know setting, all
right. Uncomfortable setting for one mafiafugitive who was living a quiet life on
(04:35):
an island and unfortunately his cooking showled to his demise. This was quite
the story. So this guy listenedto this story, so he's the police
had never really stopped looking for him, specifically the Italian police, and apparently
Stantucci's not the only one with apopular Italian cooking show. This guy was
(04:58):
on the run for seven years isMark Farend clothed by art and he was
tracked down through his wife's YouTube cookingchannel that he started earlier in the year,
and he carefully hid his face duringall these videos John, but the
one thing he failed to disguise washis body tattoos. So the police said
(05:18):
that they believe he's a member ofthe notorious it's called the Grangetta crime syndicate
family. It's one of the mostpowerful, well the Grangetta listen, they're
one of the most feared and powerfulin Europe, spanning from the Calabria region
all the way to Sicily and thenplus some in Europe. This guy was
wanted for trafficking cocaine, allegedly traffickingcocaine from the Netherlands since twenty fourteen.
(05:45):
So this guy's fifty three years oldand he's been living in the Dr for
the past five years, keeping thislow profile. He goes by the name
of Mark in the dr and thekind of the local beachgoers, but he
stays away from the Italian communities.And basically the authorities were alerted about his
wife's YouTube activity and they basically wentin there and took him out, extradited
(06:08):
him and now he's in Italy facinga trial. But his arrest marks a
huge breakthrough for the international effort ledby the Interpol and multiple European police forces
to bring down organized crime. Soit's a good story. But I kind
of love that he was a lovedfood and now I'm like, oh,
you know, he was almost hewas almost it, almost escaped. You
(06:30):
know, this story is kind ofbittersweet for me. Not not that I
think huge should not be apprehended,but you know, look, I'm gonna
come down on the side a lawenforcement when it comes to cocaine trafficking murderers.
But m Britney Spears, I knowyou talk to me about this a
few weeks ago. With the documentaryand everything, we find out that she's
not allowed to do anything for herself. She spoke out, what's happening with
(06:55):
Brittany. Well, the whole thestory with Britney Spears is getting crazy because
look, she's saying that I criedfor two weeks after watching parts of Framing
the Britney Spears documentary she hasn't seenat all, but the show is examining
her life and career and has publicizedher as this like you know, very
weak person and basically because of themental breakdown she had back in OH seven,
(07:18):
they gave conservativeship to her father.And now you have like a plethora
of celebrities that have voiced their supportfor Spears basically saying that you know,
your dad needs to go away becausethey just filed a removal to request to
remove Jamie as the conservator of BritneySpears because he's contributing to her mental breakdown
(07:40):
even further by even allowing you know, all of the things that are happening
around her to take place. Somy heart goes out to her. She's
she clearly has her life into perspectivenow more than ever. She's with somebody,
she's stable, her boys are teenagers, she has great relationships in terms
of her work. She's not whereshe used to be. She's not weak,
(08:01):
she's not fragile anymore. And thefather, in my opinion, the
way this is coming off, seemsto be like the poison in this mix,
and I think he needs to goand leave her live her life,
to step back. That would bethat would be nice. Speaking of big
celebrities, apparently Sharon Stone had toput up a shut up to get Leonardo
(08:24):
DiCaprio in a movie at one point. What happened with this They let the
actresses pay for people. Well backin nineteen ninety five, so Sharon Stone
just published a new memoir called TheBeauty of Living Twice. It was published
Tuesday, and in the book,she recalled the casting of her ninety five
film Look Quick in the Dead,and she said that she basically paid Leonardo
DiCaprio's salary for the film because thestudio didn't want to hire him. So
(08:48):
she recounts, you know, thedifficult casting process involved. They found this
kid, you know, he hadnot done Titanic, he had not done
Romeo and Juliet. At this point, he was unknown, and she was
in the casting room and she fellin love. But she was like,
this is the kid that needs toplay the part. But at the time,
try to start pictures. The studiothat produced the film wasn't keen on
(09:09):
hiring him as an unknown, andthey said, look, if you want
him so much, you could payhim out of your own salary. So
she did, and she had toalso fight for the studio to hire Sam
Remi, who directed the movie atthe time. But she basically directed it
for free. But when this moviewas casting, Sam Remy was like a
D director. He had done likeThe Evil Dead One and Army of Darkness,
(09:30):
which were like these ultra low budgetexperimental horror movies, and he was
not like the best kind of celebrityname to fit this, So he was
like a D director and she basicallywent in and said, look, he's
going to do it for free,and they used him. So these two
basically meant that she fought for wenton to do great things. I mean,
the director went on to direct thingslike Wererior, Princess and Hercules,
(09:54):
and Leonardo DiCaprio became Leonardo DiCaprio.But the bottom line was that it was
interesting to see that. In hermemoir, she said, look, getting
a producer credit as an actress inHollywood is often as tough. It's a
vanity deal, meaning they pay youfor the job, but shut the f
up and stay out of the way. So in this particular case, you
know, she was kind of likea hands on producer, paving the way
(10:16):
for a lot of other female producersthat you know are now working in Hollywood.
Well, all I can say isshe had a tremendous amount of great
accomplishments. But I think for mostmen my age, her turn crossing her
legs, it's probably her fierce theoriesastles moment. But for women too,
(10:39):
we're out of doubt. We kickoff Women Wednesday every week with the best
we got zen Sam's thank you,Zan, You're the best. Thank you,
John, have a great day.We'll take a quick break. We'll
come back right after this. We'llCarl Schram, professor and economist from the
University series Chiefs after this. Allright, welcome back. A lot's going
(11:11):
on out there, certainly a lot'sgoing on with your pocketbook, your portfolio.
The big question is what's in yourwallet. We don't even know what's
in our wallet and every anymore becauseJoe Biden continues to spend the magic impressing
the sky keeps printing day and night, day and night, day and night.
So you think you got a buck, but you probably got about ninety
(11:33):
two cents. You just gotta pieceof paper that says one on it.
So you don't even know what's inyour wallet. And there's so much craft
going on in the markets. UhDow at all time highs. I don't
know why be careful there up twentysix on the day, and then as
Zak was lagging the down a littlebit, now completely dislocated up ten times
the Dow today, which is likethirty times the performance really in my view.
(11:54):
But if you're heavy and tech stocks, good for you. It's a
good day for you. And bigcoin banging right up against fifty nine thousand,
I think finally breaks into the sixtiesagain. It retraced the second time
at all the zero zero zero levels. It's gone up, came back,
retraced coil a little bit, brokethrough the second time, growing in a
(12:15):
new layer of fomo. So keepyour eye on bitcoin because I think above
sixty they're bringing a new wave ofbuyers. We're hoping and we'll go to
forty. So we'll keep you abreastof that. Now. Someone who knows
a lot more about this stuff thanI do. Maybe not the bitcoin,
we'll find out, but anything elserelated to the economy. Syracuse University professor
and economist Carl Schram, former presidentof the Ewing Marion Kaufman Foundation. Hey,
(12:43):
Carl, thanks for joining us forthe first time on Liquid Lunch.
It's great having you know, Iring the bell. What's up with this
pot situation that's going on here.Oh yeah, the marijuana. Yeah,
there's going to be a stimulator forthe New New York economy. A lot
of people think, so I'm notquite so sure if it's you know,
(13:05):
New York can't but regulate. SoI spent a lot of time in New
York, and you know, everybodyhas a happy views that they're going to
grow marijuana in greenhouses. Apparently it'sgrowing all over Central New York and greenhouses,
but you know it, I thinkin some regards it's almost out of
control in New York states that itmoved earlier. I've actually got a quarterly
(13:28):
marketplace something about Colorado and Santacisco,California, for example. But we'll see
what happened from New York. Andof course I've watched it a little cheerfully,
because yeah, I spent a lotof time in New York. And
man, when they started passing outthose licenses, that was an absolute corruption
free far all the government. Theygot that. Oh my god, I
(13:50):
can't disagree with you the whole process. I know some people who are involved
and actually got a license, butyou had to have a team of lobbyists
who had to be connected to theright people. You know, corruption is
probably generous when you how those thingswent out. But yeah, and I'm
(14:11):
with you. Here's the problem withNew York State. Anything good, any
new revenue source, any easy layup. There's so much waste, fraud,
and corruption that has gone. Idon't know if you know what it's called,
but I'm running for New York CityController right now, and one of
the things I want to bring backis OTB to New York City because only
a government could lose money on agambling operation. So I'm thinking I got
(14:37):
a little more common sense than that. You're getting two percent of the take,
no matter what, you can't lose. But we went bankrupt. So
I'm afraid if I can interrupt forone moment, New York going a p
days. I was on the originalpanel of folks who were directors of the
Empire Center up in Albany, thegroup that sued the state to get the
(15:03):
nursing home statistics. Now, firstof all, somebody has to sue the
state than right, But I bringyour attention to, you know, uh,
the transparency that the Empire Center hascreated about New York budgets, city
budgets all over the place, andmost importantly right now, the nursing home
death statistics. Well, thank godfor that. Thank thank god somebody got
(15:26):
through to this guy. To me, Um, I call him Don CuMo
Leoni because he runs the state likea mob boss. Um. And you
know, I was one of theleaders speaking out against the tyrannical edicts for
Max Public House here in stan Dowland. We pushed back on being shut down,
and man, I saw another sideof corruption that most people don't see.
(15:48):
You know, I'm getting building inspectionsat my house. I'm watching the
kid who owns the bar. He'sgetting arrested and you know, thrown,
thrown in jail for trying to servea burger. It's like, you know,
the corruption goes right to the top. United say that fish rots from
the head. We on a rottenhead right now. I think Joe Biden's
(16:11):
Trojan Horse three billion dollars infrastructure planis anything but an infrastructure plan. It
looks like a package of gifts tothe progressive left. To me, Um,
I don't think this is going tohelp the middle class, in the
lower middle class, do you No. I think what we're really watching here
is this is not an investment.This is essentially we're going into hack to
(16:33):
do transfer payments, or we're goingto reform the welfare system, undo everything
that you know President Clinton did interms of work welfare, and this is
going to be permanent, and you'realready watching it, John. In a
couple of cities, one of course, Devonston. There was another one added
yesterday where they're going to be,you know, guaranteed incomes to various people
(17:00):
in the city. And again evenin most circumstances, people who are actually
not long from residents of the city. If you haven't guaranteed income from the
municipality, if you want to talkabout driving homeowners out of the place,
start this. Okay, yeah,well look there was this old term.
(17:23):
I guess, you know, maybethe aged me a little bit American exceptionalism,
and basically with throwing that in thetoilet, in my view, by
saying people will pay you to donothing. What's the incentive for people,
especially lower income people, to tryto perform exceptionally and raise their standard of
living. If we're going to justpay them to stay home and eat fast
(17:45):
food and get fat and obese anddiabetes and then get on the government health
system, it's like they're trying tokill the lower middle class as much as
anything. And then let me askyou this, because I think this whole
tax plan and is an attack onsmall business. Eighty percent of workforce in
America, for those of you whodon't know, is employed by a business
(18:07):
technically defined as a small business.Now business taxes are going up higher than
China's business tax What do you thinkabout this? Yeah, I think it's
almost a guarantee put the brakes onthis economy. This economy has been growing
like crazy. Power of this economy, if you can imagine, it has
continued to grow even through twelve monthsof the coronavirus perpetual scare. Okay,
(18:33):
where I mean the damage and enormousparticularly I mean one good window window ans
the cutting down of restaurants permanently inNew York City. In our stunning statistics
of the new Piecing City Journal thatover, I think the title is the
end Againstity and it really is afocus on New York City. Say you
(18:55):
know what, I'll call my attorney, my dear friend, Luci Gelomino.
Uh he and I, along withthe Restaurant Association and actually brought a lawsuit
against Cuomo and Dublasio UM and twodays later they reopened and dining at twenty
five percent. So it's sad wehave to bring lawsuits to find liberties that
(19:17):
we thought were bequeathed upon us onbirth. But um, certainly in America.
Call you were great. I'm sorryOrange Man got knocked out of the
out of the march madness, butuh, we got to have you back,
brother, You were great. Thanksa lot. Thanks Carl Schram from
Syracuse University. UM in entrepreneurship Gurgleauthor burned the business plan UM and uh
(19:41):
he's on national buns to burn aday, so you might want to throw
your business plan on the buns andburner get rid of the whole day.
Well, thank quick break. We'llcome back right after this. All right,
(20:12):
welcome back. It's a wild showtoday. Lot's going on, and
when it comes to the markets,it's been a wild ride for the last
few months and for the last coupleof years. Every Wednesday, I'm joined
by my good buddy Wall Street insiderJoe Hagan. He's the CEO of Wealth
Colony, and Joe, I feellike we've been on this wild ride for
(20:36):
quite some time together. But certainlyon invest You, which we'll talk about
in a bit. But Bitcoin tome looks like it's poised to pop back
into the sixty thousands, and Itend to feel like there were people sitting
on the sideline hoping it would dropinto the forties for a value by If
that doesn't happen in a brake sixty, I think there's gonna be another Foamo
(20:56):
run. I believe, so thereis still a lot of sideline money.
I think if we break sixty,we're going to go right to seventy.
The way when we finally broke throughtwenty, we would pause there for a
little while and then boom. Iwas put it on LinkedIn, I talked
about your show. I said,we're gonna go right to thirty thousand,
and then we'll digest a little bit. But I think we'll see seventy seventy
(21:18):
five thousand pretty quick on that,like new base Camp, you know,
and all of these little bitcoin miningstocks. I think, you know,
like our invest you, we're gonnado really well. Now. A few
years back, Jamie Diamond, WarrenBuff Big Goldman, Sacks, all the
supposed smart guys, we're talking abouthow bitcoins a fan of scam, a
phase of Bonzi, and now allof a sudden, Goman Saxes returned to
(21:41):
the table. They're gonna be providingbitcoin services in Q two like tomorrow.
Yeah, I think it's I thinkit's really interesting how the main wealth managers
have really been forced to the sidelines. I think you've seen certainly a trick
of ets, and that's what they'lltell you. You've got to do,
(22:02):
you know, some sort of afund at least some of their investors can
at least get some participation. Butyou know, at the end of the
day, Morgan Stanley, I thinksaid something I want to say. I
posted that one on LinkedIn a coupleof weeks ago where I think you have
to have at least two million inassets in the account for them to allow
you to play, right, Andthe whole idea of blockchain is like leveling
(22:26):
the whole you know, scenario whereanybody can do a peer to peer transaction
without crazy fees, without the banks, and so to see Goldman Sachs joined
that party and say fitcoin is onlyfor the wealthiest of accounts. It's kind
of a little bit of a headscratcher, you know, why not gotten everybody
about. Yeah. I mean they'rebasically making their own accreditation standards to say,
(22:49):
well, if you're rich, we'lllet you win the club. But
if you're one of the regular peasants, not so fast, we'll let you
will let you win when we buyenough and then you buy it higher.
Really, it really feels that way. It really feels that when some of
these guys, even Jamie Diamond backin the day, when they were passionate,
it was almost as if no,no, no, no, you
(23:10):
know it's a scam. It's this, it's that because we're not long and
we got to get in line infront of you, and there were too
many people. I've seen that moviebefore. And you have regular folks that
don't have institutional connections, and theyhad the courage of their conviction with bitcoin,
and they're reaping the benefits now becausenow the risk John is not being
in bitcoint as opposed to being atit when you're one of these, I
(23:33):
know, one of these billion percent. Now, a lot of people have
been content contacted me in the lastcouple of days. Holy mackerel in Bestview
one. I bought it at twelve. I've boughted at fifteen, I've boughted
at thirteen. What do I do? What do I do? Joe and
I have lock up agreements, sowe're subject to amounts you could sell,
when you could sell, etcetera,etcetera, along with probably seventy percent of
(23:56):
the main shareholders in the company.I would say, but Joe, what's
driving of this right now? SoJohn, again, I'm going to point
to two things. If you lookat my landin posts, if you look
at some of the interviews with you, I've talked about Riot and Mara and
said listen, at some point,as long as those are getting fair bitpoint
valuations as bitcoint continues to accelerate.If you take the network marketing division or
(24:21):
any of the other assets that investyou has, and they're valuable if you
just put them on a shelf fora second and do a comparison Apples to
Apples versus Riot, where you starttalking about their hash rate and what they
mind a bitcoin. It's comparable,so you know, maybe a little less.
But at the end of the day, if those companies are trading at
four and five billion, invest youshould be in the argument at two three
(24:42):
billion, baybe four or five billionalongside him, we're at a billion.
It's a new base camp. Okay, they're mining bitcoin. You look at
the report from the shadow trader.I think that's what brought tremendous volume in
And I have no affiliation with thatgentleman. I've never heard of him before.
He said, we made the sameanalysis, only I did it when
it was two cents a share.Wow. Right, Well, at least
(25:06):
you gained and followers. Joe.I think this new infrastructure plan, there's
two three trillion dollars infrastructure plan.I think it's garbage personally, but one
guy's happy about it. Elon mustYeah, he's making more money in bitcoin
and selling cars. And now he'sgonna start selling cars too, because you
(25:27):
know, there's a lot of incentivesfor electric cars and that plays right into
his wheelhouse. You know, thatother one I picked, Workhorse, didn't
get that contract, so that thinkwent up nicely first when we when we
talked about it, I think soldoff strong. I just got off a
plane, but it was a thirteenwhen I was looking at it before.
Um, that may be interesting againif it stage two. So Workhorse is
(25:49):
symbol wuk h S is that right? Yeah? Yeah, we got a
nice trade on speculation. They mayget the postal account it with for like
twenty to thirty five I want todo is like a month. But you
know, now it's looks like they'renot getting it. They're at the table
still. But they are in electricvehicles and electric fleets, and maybe maybe
you get thrown a bone, youknow, like like elon Musk in this
(26:11):
whole infrastructure plan. Right, well, it looks like there's gonna be subsidies
not just for a long musk,but for electric vehicles, so that might
mode well for workhouse and others workin that direction. Finally, we're in
the middle of March manned this year. The NCAA, what's going on.
I think they're having their day incourt right for compensating their athletes. Ya
(26:37):
listen, I was I was ayou know, I played in the small
school Maris College. I played football. I literally dedicated all my time.
If I really wasn't studying, there'sa lot of film, a lot of
training, lot, there's just somuch time to be spent for me.
My mother didn't make a lot ofmoney and send me her whole paycheck just
so I could live a little bit. So I don't know that they should
get paid paid, but they shouldhave some sort of a living stipend without
(27:00):
it violating any rules. That's justmy humble opinion because these these folks,
you know, the colleges make alot of money off them, and you
know, but they get a freeeducation. So I just think that getting
paid Joe, to your point,do they you know what I mean?
They get free education, but dothey get the education because so much time
(27:21):
is put into it. So youknow, for some of these kids,
and ninety nine percent of them andnot going on to professional status, to
me, this might be the lastchance for them to actually earn off their
athletic skill, and the colleges aremaking so much with TV contracts and stuff.
I really think they should get,you know, some kind of pretty
em or something for what they bringin for the school when they're on the
(27:47):
team. And you know how manyof them when they do make it to
the NBA are broke within five yearsthe average stan up playing and if they
do make it four or five yearsand ninety percent of them are broke anyway,
So I think there may be somesort of a smarter plan where maybe
you put it into a big pooland if you're a former NCAA player.
I don't know. It's managed bysomebody smart right that I don't know.
(28:10):
Maybe they get healthcare, and ifthey don't need the healthcare, they could
take money out every time. It'ssomething that helps them live for, you
know, the next several years.Because I think John too many guys,
if they got money like that,would blow it. Joe a good friend
of mine, he's approved by theNFL to do financial planning, right,
(28:30):
and he told me it's like astonishinghow fast these guys go broke. He
was telling me about one NFL playerwho got a twelve million dollars signing bonus.
Okay, and thankfully they took sixmillion and paid his taxes on it.
He wound up with six Then hegot hurt. He got cut the
(28:53):
following year because he was hurt,right, he sat out a year,
got himself, I can shave.And when they called him a free agent
call up, he didn't have themoney for a flight. His financial planet
says, what do you do withsix million dollars? I bought my mom
at house, bought my Passea house, go to this. That rolex call
(29:15):
guy did not have any money.He got twelve million dollars twelve months earlier.
Crazy. Yeah, So more peopleshould learn from Michael Jordan because I
remember watching a Charles Parkley interview thathe had bought a lot of money,
and it's like, what are youdoing. Take the compensation from Nike and
all these other companies and stock.You don't need the money now, you're
making plenty of money. Now you'llneed the money when you're not playing anymore.
(29:37):
And Shaquille O'Neill, I've sat withhim. I've done a couple of
ventures with him, and I've satwith him a few times, like in
his houses last year in Boston wherehe was hurt, and he talks about
how he takes his money. Hecausehe had clause. He tries to make
himself go broke with his money byinvesting it smartly because he doesn't need it,
(29:57):
you know what I mean. ListenShack me, And you know,
Shack's a pretty doll good business guy. He knows. And this is after,
this is after he paid his wifein the divorce ninety million. And
I've seen and I've seen him onfourteen thousand other commercial since then, So
I mean, he's definitely back toyou, all right, Jones in Miami.
(30:18):
He's going into Florida Keys for somewell deserved rest. And uh,
but this guy never sleeps. Ifthere's anything to report, he'll get back
to us. But I'll see younext Wednesday. Joe safe travels a beast.
Thank you so much, Happy beast, everybody. Joe Hagen, CEO
of Wealth Conney and Uh. Ifyou want to know anything that's going on
with the best for you, thepreferred shares, anything like that, UM,
(30:40):
reach out to Joe, go towealth colony dot com. He's not
a broker, he's not a financialplan I's a good guy's friend of the
show. Give you some advice.Um, you do what you think best.
It would be best for me ifyou stayed right there, because we're
gonna come back after this. Gobehind the headline to the cameratary right after
this. Hey, all right,welcome back. It is uh, women
(31:21):
Wednesday. How do you know?It's Women Wednesday? We all Kara Turks
here. She's here every single Wednesday, and character goes behind the headlines all
the time on her YouTube channel andjoins us every Wednesday. Right here,
my dear friend, how are youdoing? I'm doing all right? No,
complaints. You know, the marketsare like middling around, but a
couple of my companies are doing reallywell right now, and Bitcoin, I
(31:45):
think, is going to go toa much higher level. So I feel
good on not on the things.You I know are not feeling good at
all because of what's happening to MattYeats. You're down in Florida, Miss
Larna, by the way, Idon't want to brag, but this is
getting crazy right out of the box. Met Gates and sex ring. What
(32:07):
do you know, it's just disgusting. I mean, here's this guy.
You know, it's so obvious tomost of us. They're just trying to
take him down because of the ultimatepower that he has. And you know,
he's one of the biggest voices andmost powerful people in Congress. And
now you know, here we areand we're watching him face this sex scandal
which seems to have really no basiswhatsoever. And if you look at him
(32:28):
coming forward to Axios and discussing what'sreally going on behind the scenes, behind
the headlines, seems him a lotof this stems from him actually cooperating and
trying to stand up against corruption.And you know what I find really terribly
ironic, is you know, I'vebeen a victim of the system of corruption
(32:49):
in our court systems down here inFlorida, and all of a sudden,
you know, he stands up againstguardianship and becomes an advocate for the Free
Brittany movement, and now all ofa sudden he's face this kind of a
witch hunt. Being that I've beenwitch hunted myself in a similar matter,
it really makes me think that thesepowerful little gators, these lawyers in high
places that have connections to the DemocratParty, they'll take a shot at anybody.
(33:15):
And that's what they're doing in MattGates right now. So, if
I'm understanding this properly, there's somekind of investigation going on into one of
Matt gates associates or something. Thatguy is being investigated by the Department of
Justice FBI, and they do thiscollateral check on other people that these people
(33:35):
are in contact with. And thenthe FBI comes to Matt Gates and says,
hey, listen, we know you'vebeen with a young girl and you
better pay us a boatload of moneyor we're going to blow it up on
you. And Matt Gates goes tohigher ups in the FBI and says,
hey, some of these agents orassociates or whatever, they are trying to
shake me down. And his dadwore a wire, right, This is
(34:00):
like somebody's trying to me or MattGates, um, And whether it's the
Free Britney movement or the fact thathe's wanted Donald Trump's chief lieutenants down there
in Florida, um, there afterthis guy now he's saying, let out
the papers, right, yeah,yeah, And it all comes into play,
you know, it all comes intoplay, all of these things that
(34:20):
he's done, standing up against theFree Britney movement, being an ally for
the president. It just hurts thetype of person that he is. He
stands by his convictions. He's tough, and he's one of the best members
of Congress that we have. That'swhy they want to take him down because
he is powerful. Anytime someone's powerfuland they know that they can make a
difference, these people who are theshadiest of the shady want to take a
(34:40):
shot at them. And I thinkthis extortion attempt is just illustrated really going
on criminal justice and it's a reallyscary thing. It's um, you know,
it's again too, you know,a mafioso's sort of mentality. Anyway.
Yeah, there's no question about that. Um one guy who doesn't follow
(35:01):
the lead. He's a leader andon his own as your govern around the
Santis and here in New York theywant us to get some vaccine passport now,
but the Santi is the saying,nah, it's not going to happen.
Yeah, and good for De Santisagain standing up for his constituents.
You know, we need more governorslike that. We need more congressional representatives
(35:22):
like that, like Matt Gates whoalways stands up for his constituents. The
point of people being in public serviceis to represent the people that they took
off the sport and we don't havethat. You don't have that anymore.
I have that here in Florida,and I'm thankful at the day before and
the fact that they want to comeout with this vaccine passport, you know,
(35:43):
and Bidens behind all of this.This is really scary. This is
big government overreach of this worst thing. You know, my charter. The
Nazis in Austria, um, youknow, back not so long ago.
And you know, how do peoplecarrying the papers get on planes and trains.
You know, it's scares me greatly. Well, if the Green New
Deal goes through, there will beno more playing strains or automobiles, so
(36:07):
you won't need it for that.But I find an interesting Karen that,
Um, the left doesn't want togo to r D, right, but
they want us to carry a VAXXcard. So you know, my brother
said this to me this morning,but why not? You got to show
you a vaccination called to vote?There you go. I was like,
I was like, hold on asecond, Okay, hold on because illegals
(36:31):
and the only people that will actuallyvote for them illegals. Illegals and that
were there again is a testament tohow these people are getting here. They're
not going through the legal channels tobecome citizens. They are eight legals.
And that's why you know, theDemocrats are just hypocritical at every single every
single angle. Um Bianca has anothermic open somewhere over there because we're hearing
(36:58):
the workers co workers with or inanother room in the background right now.
Well, we don't have anybody elsehere except for me and Bianca, so
it could be like the ghost ofChristmas pass all right, tell me about
this. Kids are going back toschool. Now they've been home for a
(37:20):
year or more, and now they'regoing to start having to be subject to
active shooter drills. You know.I've gone through this with my son who's
fourteen, and I actually had tosend him to a hypnotherapist back about a
year and a half ago, becausethis kid, who's a straight AS student,
never gets in trouble and is thebest kid by far as far as
(37:42):
behavior that I've raised. He wasso terrified for being, you know,
put in a corner in a gymlocker room where he said, Mommy,
there's no way out, and ifan active shooter was to come in,
we'd all be done. We'd justbe sitting ducks. It's a very scary
thing that we're doing to these kids, and we're trying amatizing these children,
and the fact that they have toundergo these code red girls is really not
(38:05):
something that I ever anticipated that Iwould see in my lifetime. I'm glad
to have my kid home being homeschooled. Now. I really don't know where
we're headed as a country, youknow, I don't know either. UM
My daughter was back in college,but there was an outbreak, so she
got sent home. Um you know, my son hasn't gone back because he
(38:27):
doesn't like the remote, and thenthen not remote, and then you're in,
you're out, you're in your out. So he's like, you know,
I'm going back when it's regular,you know what I mean. But
yeah, one of the things,uh is there's no continuity for these kids,
which thinks, But all right,she's with us every Wednesday. She
wraps up the first hour and that'swhen all our friends out in Portland on
the Money station and visitor radio tunesout. So you got the best part
(38:51):
of the day with Kara wrapping upfor us. Thank you, Karen,
you're the best. That's Karen Turk. Check out your YouTube channel at the
hand the headlines. We'll take aquick break take about all our friends out
there in radio land. The restof you em ployase stay with us,
come back if our two Friday thism
Alrighty, welcome, welcome, welcomeback. It is a woman Wednesday edition,
a liquid lunch ump Biz TV.All my friends out there tuning in
right now on BIS Talk Radio nowwelcome and all my friends out on the
Money station Portland, thank you fortuning in today. Right off the top
of the show, we usually startoff with the best in business and Sam
(00:31):
should be with us momentarily checking inon the market's big coin, fifty nine
thousand and five sixty. I've saidthe last couple of weeks when it breaks
into a new level, A coupleof weeks back and broke into the sixties.
Couldn't hold it retrace a little bitcoiled up, built a little support.
Now it's banging right up against thatfifty nine breaking sixty on a Friday.
(00:53):
I think it'll be good because alot of action tends to come in
in Asia and stuff over the weekendsEtaly Sunday nights. So I think this
time it breaks into the sixties andthen the foam all comes in. People
will like holding on open and wentinto the voties to buy a chief.
Once it close to this is damn, let me get in there, and
people run in on the fear ofmissing out, So keep your eye on
(01:14):
bitcoin. I'm happy with what's happeningthere. It looks good, it looked
poised for a move to a newlevel. In my view, dal Jones
up twenty nine at thirty three hninety six and the Nasdak performing way better,
like ten times better at thirteen twoseventy eight of two hundred and thirty
three points today. So if yourNazdac stock, so if you're Nazdak heavy
(01:37):
in your portfolio, then you probablyare happy today because Nazdak is whooping Samash,
Hey do we have zen SAMs.We're still awaiting the arrival of miss
n Sam's. But a little moreon what's been happening in the down.
I can tell you this, thethe SP five hundred is rising a little
(02:01):
better than the Dow. It's performinga little better than the Dow right now,
as many people are looking at JoeBiden's supposed infrastructure plan. Okay,
so wild why when an infrastructure planbe good for SP five hundred stocks?
Well, these blue chip stocks,the caterpillars and the big man the big
(02:23):
machine operators and concrete construction materials andstuff like that, they're all going to
be seeing an uptick because we stoppedbuilding roads and fixing bridges and overpasses and
tunnels. It's going to create alot of spending on equipment and other I
(02:44):
would like an infrastructure build that wasmostly towards hiring union workers and hiring Americans.
But right now, as you know, with almost eleven million Americans unemployed,
Joe Biden is contemplating letting over elevenmillion Illi Lalians stay in the country.
(03:05):
So the opportunity pool is going tobe diminished by half for those Americans
out. Yeah, and if they'reillegal, they're not going to be in
a union, So these are gonnabe non union jobs, which is another
bad thing. Never a bad thing. When she joins us, then Sam's
with us. Hey, Zen,how are you in this afternoon? Yeah,
I'm doing great. How are you, John? Well, I'm doing
(03:28):
fine. I can't complain. Youknow, I was at Curtis's birthday party
last night up in the Empire Steakhouse, and so I judge Jeanine, which
always makes me happy. You know. Um, Megan Markle and Prince Harry
Zen they're saying they're gonna have ahome birth for their second child. They
are, well, that was Megan'soriginal plan with Archie, but of course
(03:52):
she had like a last minute deliveryin the wee hours, so she never
got to live that part of herbirthing plan out. But they announced that
they're having a girl in the OprahWinfrey interview earlier in the month, and
she displayed, you know, thebump on camera. She said that she
was ding the summer, but shedidn't really give an exact date. So
(04:12):
we know that she has a beautifulhome in California. They bought a fourteen
point five million dollar home in Montecito. It's a huge estate, which makes
for a great setting for a homebirth, and that's what she's aiming for,
to give birth at home in hercomfortable, you know setting, all
right. Uncomfortable setting for one mafiafugitive who was living a quiet life on
(04:35):
an island and unfortunately his cooking showled to his demise. This was quite
the story. So this guy listenedto this story, so he's the police
had never really stopped looking for him, specifically the Italian police, and apparently
Stantucci's not the only one with apopular Italian cooking show. This guy was
(04:58):
on the run for seven years isMark Farend clothed by art and he was
tracked down through his wife's YouTube cookingchannel that he started earlier in the year,
and he carefully hid his face duringall these videos John, but the
one thing he failed to disguise washis body tattoos. So the police said
(05:18):
that they believe he's a member ofthe notorious it's called the Grangetta crime syndicate
family. It's one of the mostpowerful, well the Grangetta listen, they're
one of the most feared and powerfulin Europe, spanning from the Calabria region
all the way to Sicily and thenplus some in Europe. This guy was
wanted for trafficking cocaine, allegedly traffickingcocaine from the Netherlands since twenty fourteen.
(05:45):
So this guy's fifty three years oldand he's been living in the Dr for
the past five years, keeping thislow profile. He goes by the name
of Mark in the dr and thekind of the local beachgoers, but he
stays away from the Italian communities.And basically the authorities were alerted about his
wife's YouTube activity and they basically wentin there and took him out, extradited
(06:08):
him and now he's in Italy facinga trial. But his arrest marks a
huge breakthrough for the international effort ledby the Interpol and multiple European police forces
to bring down organized crime. Soit's a good story. But I kind
of love that he was a lovedfood and now I'm like, oh,
you know, he was almost hewas almost it, almost escaped. You
(06:30):
know, this story is kind ofbittersweet for me. Not not that I
think huge should not be apprehended,but you know, look, I'm gonna
come down on the side a lawenforcement when it comes to cocaine trafficking murderers.
But m Britney Spears, I knowyou talk to me about this a
few weeks ago. With the documentaryand everything, we find out that she's
not allowed to do anything for herself. She spoke out, what's happening with
(06:55):
Brittany. Well, the whole thestory with Britney Spears is getting crazy because
look, she's saying that I criedfor two weeks after watching parts of Framing
the Britney Spears documentary she hasn't seenat all, but the show is examining
her life and career and has publicizedher as this like you know, very
weak person and basically because of themental breakdown she had back in OH seven,
(07:18):
they gave conservativeship to her father.And now you have like a plethora
of celebrities that have voiced their supportfor Spears basically saying that you know,
your dad needs to go away becausethey just filed a removal to request to
remove Jamie as the conservator of BritneySpears because he's contributing to her mental breakdown
(07:40):
even further by even allowing you know, all of the things that are happening
around her to take place. Somy heart goes out to her. She's
she clearly has her life into perspectivenow more than ever. She's with somebody,
she's stable, her boys are teenagers, she has great relationships in terms
of her work. She's not whereshe used to be. She's not weak,
(08:01):
she's not fragile anymore. And thefather, in my opinion, the
way this is coming off, seemsto be like the poison in this mix,
and I think he needs to goand leave her live her life,
to step back. That would bethat would be nice. Speaking of big
celebrities, apparently Sharon Stone had toput up a shut up to get Leonardo
(08:24):
DiCaprio in a movie at one point. What happened with this They let the
actresses pay for people. Well backin nineteen ninety five, so Sharon Stone
just published a new memoir called TheBeauty of Living Twice. It was published
Tuesday, and in the book,she recalled the casting of her ninety five
film Look Quick in the Dead,and she said that she basically paid Leonardo
DiCaprio's salary for the film because thestudio didn't want to hire him. So
(08:48):
she recounts, you know, thedifficult casting process involved. They found this
kid, you know, he hadnot done Titanic, he had not done
Romeo and Juliet. At this point, he was unknown, and she was
in the casting room and she fellin love. But she was like,
this is the kid that needs toplay the part. But at the time,
try to start pictures. The studiothat produced the film wasn't keen on
(09:09):
hiring him as an unknown, andthey said, look, if you want
him so much, you could payhim out of your own salary. So
she did, and she had toalso fight for the studio to hire Sam
Remi, who directed the movie atthe time. But she basically directed it
for free. But when this moviewas casting, Sam Remy was like a
D director. He had done likeThe Evil Dead One and Army of Darkness,
(09:30):
which were like these ultra low budgetexperimental horror movies, and he was
not like the best kind of celebrityname to fit this, So he was
like a D director and she basicallywent in and said, look, he's
going to do it for free,and they used him. So these two
basically meant that she fought for wenton to do great things. I mean,
the director went on to direct thingslike Wererior, Princess and Hercules,
(09:54):
and Leonardo DiCaprio became Leonardo DiCaprio.But the bottom line was that it was
interesting to see that. In hermemoir, she said, look, getting
a producer credit as an actress inHollywood is often as tough. It's a
vanity deal, meaning they pay youfor the job, but shut the f
up and stay out of the way. So in this particular case, you
know, she was kind of likea hands on producer, paving the way
(10:16):
for a lot of other female producersthat you know are now working in Hollywood.
Well, all I can say isshe had a tremendous amount of great
accomplishments. But I think for mostmen my age, her turn crossing her
legs, it's probably her fierce theoriesastles moment. But for women too,
(10:39):
we're out of doubt. We kickoff Women Wednesday every week with the best
we got zen Sam's thank you,Zan, You're the best. Thank you,
John, have a great day.We'll take a quick break. We'll
come back right after this. We'llCarl Schram, professor and economist from the
University series Chiefs after this. Allright, welcome back. A lot's going
(11:11):
on out there, certainly a lot'sgoing on with your pocketbook, your portfolio.
The big question is what's in yourwallet. We don't even know what's
in our wallet and every anymore becauseJoe Biden continues to spend the magic impressing
the sky keeps printing day and night, day and night, day and night.
So you think you got a buck, but you probably got about ninety
(11:33):
two cents. You just gotta pieceof paper that says one on it.
So you don't even know what's inyour wallet. And there's so much craft
going on in the markets. UhDow at all time highs. I don't
know why be careful there up twentysix on the day, and then as
Zak was lagging the down a littlebit, now completely dislocated up ten times
the Dow today, which is likethirty times the performance really in my view.
(11:54):
But if you're heavy and tech stocks, good for you. It's a
good day for you. And bigcoin banging right up against fifty nine thousand,
I think finally breaks into the sixtiesagain. It retraced the second time
at all the zero zero zero levels. It's gone up, came back,
retraced coil a little bit, brokethrough the second time, growing in a
(12:15):
new layer of fomo. So keepyour eye on bitcoin because I think above
sixty they're bringing a new wave ofbuyers. We're hoping and we'll go to
forty. So we'll keep you abreastof that. Now. Someone who knows
a lot more about this stuff thanI do. Maybe not the bitcoin,
we'll find out, but anything elserelated to the economy. Syracuse University professor
and economist Carl Schram, former presidentof the Ewing Marion Kaufman Foundation. Hey,
(12:43):
Carl, thanks for joining us forthe first time on Liquid Lunch.
It's great having you know, Iring the bell. What's up with this
pot situation that's going on here.Oh yeah, the marijuana. Yeah,
there's going to be a stimulator forthe New New York economy. A lot
of people think, so I'm notquite so sure if it's you know,
(13:05):
New York can't but regulate. SoI spent a lot of time in New
York, and you know, everybodyhas a happy views that they're going to
grow marijuana in greenhouses. Apparently it'sgrowing all over Central New York and greenhouses,
but you know it, I thinkin some regards it's almost out of
control in New York states that itmoved earlier. I've actually got a quarterly
(13:28):
marketplace something about Colorado and Santacisco,California, for example. But we'll see
what happened from New York. Andof course I've watched it a little cheerfully,
because yeah, I spent a lotof time in New York. And
man, when they started passing outthose licenses, that was an absolute corruption
free far all the government. Theygot that. Oh my god, I
(13:50):
can't disagree with you the whole process. I know some people who are involved
and actually got a license, butyou had to have a team of lobbyists
who had to be connected to theright people. You know, corruption is
probably generous when you how those thingswent out. But yeah, and I'm
(14:11):
with you. Here's the problem withNew York State. Anything good, any
new revenue source, any easy layup. There's so much waste, fraud,
and corruption that has gone. Idon't know if you know what it's called,
but I'm running for New York CityController right now, and one of
the things I want to bring backis OTB to New York City because only
a government could lose money on agambling operation. So I'm thinking I got
(14:37):
a little more common sense than that. You're getting two percent of the take,
no matter what, you can't lose. But we went bankrupt. So
I'm afraid if I can interrupt forone moment, New York going a p
days. I was on the originalpanel of folks who were directors of the
Empire Center up in Albany, thegroup that sued the state to get the
(15:03):
nursing home statistics. Now, firstof all, somebody has to sue the
state than right, But I bringyour attention to, you know, uh,
the transparency that the Empire Center hascreated about New York budgets, city
budgets all over the place, andmost importantly right now, the nursing home
death statistics. Well, thank godfor that. Thank thank god somebody got
(15:26):
through to this guy. To me, Um, I call him Don CuMo
Leoni because he runs the state likea mob boss. Um. And you
know, I was one of theleaders speaking out against the tyrannical edicts for
Max Public House here in stan Dowland. We pushed back on being shut down,
and man, I saw another sideof corruption that most people don't see.
(15:48):
You know, I'm getting building inspectionsat my house. I'm watching the
kid who owns the bar. He'sgetting arrested and you know, thrown,
thrown in jail for trying to servea burger. It's like, you know,
the corruption goes right to the top. United say that fish rots from
the head. We on a rottenhead right now. I think Joe Biden's
(16:11):
Trojan Horse three billion dollars infrastructure planis anything but an infrastructure plan. It
looks like a package of gifts tothe progressive left. To me, Um,
I don't think this is going tohelp the middle class, in the
lower middle class, do you No. I think what we're really watching here
is this is not an investment.This is essentially we're going into hack to
(16:33):
do transfer payments, or we're goingto reform the welfare system, undo everything
that you know President Clinton did interms of work welfare, and this is
going to be permanent, and you'realready watching it, John. In a
couple of cities, one of course, Devonston. There was another one added
yesterday where they're going to be,you know, guaranteed incomes to various people
(17:00):
in the city. And again evenin most circumstances, people who are actually
not long from residents of the city. If you haven't guaranteed income from the
municipality, if you want to talkabout driving homeowners out of the place,
start this. Okay, yeah,well look there was this old term.
(17:23):
I guess, you know, maybethe aged me a little bit American exceptionalism,
and basically with throwing that in thetoilet, in my view, by
saying people will pay you to donothing. What's the incentive for people,
especially lower income people, to tryto perform exceptionally and raise their standard of
living. If we're going to justpay them to stay home and eat fast
(17:45):
food and get fat and obese anddiabetes and then get on the government health
system, it's like they're trying tokill the lower middle class as much as
anything. And then let me askyou this, because I think this whole
tax plan and is an attack onsmall business. Eighty percent of workforce in
America, for those of you whodon't know, is employed by a business
(18:07):
technically defined as a small business.Now business taxes are going up higher than
China's business tax What do you thinkabout this? Yeah, I think it's
almost a guarantee put the brakes onthis economy. This economy has been growing
like crazy. Power of this economy, if you can imagine, it has
continued to grow even through twelve monthsof the coronavirus perpetual scare. Okay,
(18:33):
where I mean the damage and enormousparticularly I mean one good window window ans
the cutting down of restaurants permanently inNew York City. In our stunning statistics
of the new Piecing City Journal thatover, I think the title is the
end Againstity and it really is afocus on New York City. Say you
(18:55):
know what, I'll call my attorney, my dear friend, Luci Gelomino.
Uh he and I, along withthe Restaurant Association and actually brought a lawsuit
against Cuomo and Dublasio UM and twodays later they reopened and dining at twenty
five percent. So it's sad wehave to bring lawsuits to find liberties that
(19:17):
we thought were bequeathed upon us onbirth. But um, certainly in America.
Call you were great. I'm sorryOrange Man got knocked out of the
out of the march madness, butuh, we got to have you back,
brother, You were great. Thanksa lot. Thanks Carl Schram from
Syracuse University. UM in entrepreneurship Gurgleauthor burned the business plan UM and uh
(19:41):
he's on national buns to burn aday, so you might want to throw
your business plan on the buns andburner get rid of the whole day.
Well, thank quick break. We'llcome back right after this. All right,
(20:12):
welcome back. It's a wild showtoday. Lot's going on, and
when it comes to the markets,it's been a wild ride for the last
few months and for the last coupleof years. Every Wednesday, I'm joined
by my good buddy Wall Street insiderJoe Hagan. He's the CEO of Wealth
Colony, and Joe, I feellike we've been on this wild ride for
(20:36):
quite some time together. But certainlyon invest You, which we'll talk about
in a bit. But Bitcoin tome looks like it's poised to pop back
into the sixty thousands, and Itend to feel like there were people sitting
on the sideline hoping it would dropinto the forties for a value by If
that doesn't happen in a brake sixty, I think there's gonna be another Foamo
(20:56):
run. I believe, so thereis still a lot of sideline money.
I think if we break sixty,we're going to go right to seventy.
The way when we finally broke throughtwenty, we would pause there for a
little while and then boom. Iwas put it on LinkedIn, I talked
about your show. I said,we're gonna go right to thirty thousand,
and then we'll digest a little bit. But I think we'll see seventy seventy
(21:18):
five thousand pretty quick on that,like new base Camp, you know,
and all of these little bitcoin miningstocks. I think, you know,
like our invest you, we're gonnado really well. Now. A few
years back, Jamie Diamond, WarrenBuff Big Goldman, Sacks, all the
supposed smart guys, we're talking abouthow bitcoins a fan of scam, a
phase of Bonzi, and now allof a sudden, Goman Saxes returned to
(21:41):
the table. They're gonna be providingbitcoin services in Q two like tomorrow.
Yeah, I think it's I thinkit's really interesting how the main wealth managers
have really been forced to the sidelines. I think you've seen certainly a trick
of ets, and that's what they'lltell you. You've got to do,
(22:02):
you know, some sort of afund at least some of their investors can
at least get some participation. Butyou know, at the end of the
day, Morgan Stanley, I thinksaid something I want to say. I
posted that one on LinkedIn a coupleof weeks ago where I think you have
to have at least two million inassets in the account for them to allow
you to play, right, Andthe whole idea of blockchain is like leveling
(22:26):
the whole you know, scenario whereanybody can do a peer to peer transaction
without crazy fees, without the banks, and so to see Goldman Sachs joined
that party and say fitcoin is onlyfor the wealthiest of accounts. It's kind
of a little bit of a headscratcher, you know, why not gotten everybody
about. Yeah. I mean they'rebasically making their own accreditation standards to say,
(22:49):
well, if you're rich, we'lllet you win the club. But
if you're one of the regular peasants, not so fast, we'll let you
will let you win when we buyenough and then you buy it higher.
Really, it really feels that way. It really feels that when some of
these guys, even Jamie Diamond backin the day, when they were passionate,
it was almost as if no,no, no, no, you
(23:10):
know it's a scam. It's this, it's that because we're not long and
we got to get in line infront of you, and there were too
many people. I've seen that moviebefore. And you have regular folks that
don't have institutional connections, and theyhad the courage of their conviction with bitcoin,
and they're reaping the benefits now becausenow the risk John is not being
in bitcoint as opposed to being atit when you're one of these, I
(23:33):
know, one of these billion percent. Now, a lot of people have
been content contacted me in the lastcouple of days. Holy mackerel in Bestview
one. I bought it at twelve. I've boughted at fifteen, I've boughted
at thirteen. What do I do? What do I do? Joe and
I have lock up agreements, sowe're subject to amounts you could sell,
when you could sell, etcetera,etcetera, along with probably seventy percent of
(23:56):
the main shareholders in the company.I would say, but Joe, what's
driving of this right now? SoJohn, again, I'm going to point
to two things. If you lookat my landin posts, if you look
at some of the interviews with you, I've talked about Riot and Mara and
said listen, at some point,as long as those are getting fair bitpoint
valuations as bitcoint continues to accelerate.If you take the network marketing division or
(24:21):
any of the other assets that investyou has, and they're valuable if you
just put them on a shelf fora second and do a comparison Apples to
Apples versus Riot, where you starttalking about their hash rate and what they
mind a bitcoin. It's comparable,so you know, maybe a little less.
But at the end of the day, if those companies are trading at
four and five billion, invest youshould be in the argument at two three
(24:42):
billion, baybe four or five billionalongside him, we're at a billion.
It's a new base camp. Okay, they're mining bitcoin. You look at
the report from the shadow trader.I think that's what brought tremendous volume in
And I have no affiliation with thatgentleman. I've never heard of him before.
He said, we made the sameanalysis, only I did it when
it was two cents a share.Wow. Right, Well, at least
(25:06):
you gained and followers. Joe.I think this new infrastructure plan, there's
two three trillion dollars infrastructure plan.I think it's garbage personally, but one
guy's happy about it. Elon mustYeah, he's making more money in bitcoin
and selling cars. And now he'sgonna start selling cars too, because you
(25:27):
know, there's a lot of incentivesfor electric cars and that plays right into
his wheelhouse. You know, thatother one I picked, Workhorse, didn't
get that contract, so that thinkwent up nicely first when we when we
talked about it, I think soldoff strong. I just got off a
plane, but it was a thirteenwhen I was looking at it before.
Um, that may be interesting againif it stage two. So Workhorse is
(25:49):
symbol wuk h S is that right? Yeah? Yeah, we got a
nice trade on speculation. They mayget the postal account it with for like
twenty to thirty five I want todo is like a month. But you
know, now it's looks like they'renot getting it. They're at the table
still. But they are in electricvehicles and electric fleets, and maybe maybe
you get thrown a bone, youknow, like like elon Musk in this
(26:11):
whole infrastructure plan. Right, well, it looks like there's gonna be subsidies
not just for a long musk,but for electric vehicles, so that might
mode well for workhouse and others workin that direction. Finally, we're in
the middle of March manned this year. The NCAA, what's going on.
I think they're having their day incourt right for compensating their athletes. Ya
(26:37):
listen, I was I was ayou know, I played in the small
school Maris College. I played football. I literally dedicated all my time.
If I really wasn't studying, there'sa lot of film, a lot of
training, lot, there's just somuch time to be spent for me.
My mother didn't make a lot ofmoney and send me her whole paycheck just
so I could live a little bit. So I don't know that they should
get paid paid, but they shouldhave some sort of a living stipend without
(27:00):
it violating any rules. That's justmy humble opinion because these these folks,
you know, the colleges make alot of money off them, and you
know, but they get a freeeducation. So I just think that getting
paid Joe, to your point,do they you know what I mean?
They get free education, but dothey get the education because so much time
(27:21):
is put into it. So youknow, for some of these kids,
and ninety nine percent of them andnot going on to professional status, to
me, this might be the lastchance for them to actually earn off their
athletic skill, and the colleges aremaking so much with TV contracts and stuff.
I really think they should get,you know, some kind of pretty
em or something for what they bringin for the school when they're on the
(27:47):
team. And you know how manyof them when they do make it to
the NBA are broke within five yearsthe average stan up playing and if they
do make it four or five yearsand ninety percent of them are broke anyway,
So I think there may be somesort of a smarter plan where maybe
you put it into a big pooland if you're a former NCAA player.
I don't know. It's managed bysomebody smart right that I don't know.
(28:10):
Maybe they get healthcare, and ifthey don't need the healthcare, they could
take money out every time. It'ssomething that helps them live for, you
know, the next several years.Because I think John too many guys,
if they got money like that,would blow it. Joe a good friend
of mine, he's approved by theNFL to do financial planning, right,
(28:30):
and he told me it's like astonishinghow fast these guys go broke. He
was telling me about one NFL playerwho got a twelve million dollars signing bonus.
Okay, and thankfully they took sixmillion and paid his taxes on it.
He wound up with six Then hegot hurt. He got cut the
(28:53):
following year because he was hurt,right, he sat out a year,
got himself, I can shave.And when they called him a free agent
call up, he didn't have themoney for a flight. His financial planet
says, what do you do withsix million dollars? I bought my mom
at house, bought my Passea house, go to this. That rolex call
(29:15):
guy did not have any money.He got twelve million dollars twelve months earlier.
Crazy. Yeah, So more peopleshould learn from Michael Jordan because I
remember watching a Charles Parkley interview thathe had bought a lot of money,
and it's like, what are youdoing. Take the compensation from Nike and
all these other companies and stock.You don't need the money now, you're
making plenty of money. Now you'llneed the money when you're not playing anymore.
(29:37):
And Shaquille O'Neill, I've sat withhim. I've done a couple of
ventures with him, and I've satwith him a few times, like in
his houses last year in Boston wherehe was hurt, and he talks about
how he takes his money. Hecausehe had clause. He tries to make
himself go broke with his money byinvesting it smartly because he doesn't need it,
(29:57):
you know what I mean. ListenShack me, And you know,
Shack's a pretty doll good business guy. He knows. And this is after,
this is after he paid his wifein the divorce ninety million. And
I've seen and I've seen him onfourteen thousand other commercial since then, So
I mean, he's definitely back toyou, all right, Jones in Miami.
(30:18):
He's going into Florida Keys for somewell deserved rest. And uh,
but this guy never sleeps. Ifthere's anything to report, he'll get back
to us. But I'll see younext Wednesday. Joe safe travels a beast.
Thank you so much, Happy beast, everybody. Joe Hagen, CEO
of Wealth Conney and Uh. Ifyou want to know anything that's going on
with the best for you, thepreferred shares, anything like that, UM,
(30:40):
reach out to Joe, go towealth colony dot com. He's not
a broker, he's not a financialplan I's a good guy's friend of the
show. Give you some advice.Um, you do what you think best.
It would be best for me ifyou stayed right there, because we're
gonna come back after this. Gobehind the headline to the cameratary right after
this. Hey, all right,welcome back. It is uh, women
(31:21):
Wednesday. How do you know?It's Women Wednesday? We all Kara Turks
here. She's here every single Wednesday, and character goes behind the headlines all
the time on her YouTube channel andjoins us every Wednesday. Right here,
my dear friend, how are youdoing? I'm doing all right? No,
complaints. You know, the marketsare like middling around, but a
couple of my companies are doing reallywell right now, and Bitcoin, I
(31:45):
think, is going to go toa much higher level. So I feel
good on not on the things.You I know are not feeling good at
all because of what's happening to MattYeats. You're down in Florida, Miss
Larna, by the way, Idon't want to brag, but this is
getting crazy right out of the box. Met Gates and sex ring. What
(32:07):
do you know, it's just disgusting. I mean, here's this guy.
You know, it's so obvious tomost of us. They're just trying to
take him down because of the ultimatepower that he has. And you know,
he's one of the biggest voices andmost powerful people in Congress. And
now you know, here we areand we're watching him face this sex scandal
which seems to have really no basiswhatsoever. And if you look at him
(32:28):
coming forward to Axios and discussing what'sreally going on behind the scenes, behind
the headlines, seems him a lotof this stems from him actually cooperating and
trying to stand up against corruption.And you know what I find really terribly
ironic, is you know, I'vebeen a victim of the system of corruption
(32:49):
in our court systems down here inFlorida, and all of a sudden,
you know, he stands up againstguardianship and becomes an advocate for the Free
Brittany movement, and now all ofa sudden he's face this kind of a
witch hunt. Being that I've beenwitch hunted myself in a similar matter,
it really makes me think that thesepowerful little gators, these lawyers in high
places that have connections to the DemocratParty, they'll take a shot at anybody.
(33:15):
And that's what they're doing in MattGates right now. So, if
I'm understanding this properly, there's somekind of investigation going on into one of
Matt gates associates or something. Thatguy is being investigated by the Department of
Justice FBI, and they do thiscollateral check on other people that these people
(33:35):
are in contact with. And thenthe FBI comes to Matt Gates and says,
hey, listen, we know you'vebeen with a young girl and you
better pay us a boatload of moneyor we're going to blow it up on
you. And Matt Gates goes tohigher ups in the FBI and says,
hey, some of these agents orassociates or whatever, they are trying to
shake me down. And his dadwore a wire, right, This is
(34:00):
like somebody's trying to me or MattGates, um, And whether it's the
Free Britney movement or the fact thathe's wanted Donald Trump's chief lieutenants down there
in Florida, um, there afterthis guy now he's saying, let out
the papers, right, yeah,yeah, And it all comes into play,
you know, it all comes intoplay, all of these things that
(34:20):
he's done, standing up against theFree Britney movement, being an ally for
the president. It just hurts thetype of person that he is. He
stands by his convictions. He's tough, and he's one of the best members
of Congress that we have. That'swhy they want to take him down because
he is powerful. Anytime someone's powerfuland they know that they can make a
difference, these people who are theshadiest of the shady want to take a
(34:40):
shot at them. And I thinkthis extortion attempt is just illustrated really going
on criminal justice and it's a reallyscary thing. It's um, you know,
it's again too, you know,a mafioso's sort of mentality. Anyway.
Yeah, there's no question about that. Um one guy who doesn't follow
(35:01):
the lead. He's a leader andon his own as your govern around the
Santis and here in New York theywant us to get some vaccine passport now,
but the Santi is the saying,nah, it's not going to happen.
Yeah, and good for De Santisagain standing up for his constituents.
You know, we need more governorslike that. We need more congressional representatives
(35:22):
like that, like Matt Gates whoalways stands up for his constituents. The
point of people being in public serviceis to represent the people that they took
off the sport and we don't havethat. You don't have that anymore.
I have that here in Florida,and I'm thankful at the day before and
the fact that they want to comeout with this vaccine passport, you know,
(35:43):
and Bidens behind all of this.This is really scary. This is
big government overreach of this worst thing. You know, my charter. The
Nazis in Austria, um, youknow, back not so long ago.
And you know, how do peoplecarrying the papers get on planes and trains.
You know, it's scares me greatly. Well, if the Green New
Deal goes through, there will beno more playing strains or automobiles, so
(36:07):
you won't need it for that.But I find an interesting Karen that,
Um, the left doesn't want togo to r D, right, but
they want us to carry a VAXXcard. So you know, my brother
said this to me this morning,but why not? You got to show
you a vaccination called to vote?There you go. I was like,
I was like, hold on asecond, Okay, hold on because illegals
(36:31):
and the only people that will actuallyvote for them illegals. Illegals and that
were there again is a testament tohow these people are getting here. They're
not going through the legal channels tobecome citizens. They are eight legals.
And that's why you know, theDemocrats are just hypocritical at every single every
single angle. Um Bianca has anothermic open somewhere over there because we're hearing
(36:58):
the workers co workers with or inanother room in the background right now.
Well, we don't have anybody elsehere except for me and Bianca, so
it could be like the ghost ofChristmas pass all right, tell me about
this. Kids are going back toschool. Now they've been home for a
(37:20):
year or more, and now they'regoing to start having to be subject to
active shooter drills. You know.I've gone through this with my son who's
fourteen, and I actually had tosend him to a hypnotherapist back about a
year and a half ago, becausethis kid, who's a straight AS student,
never gets in trouble and is thebest kid by far as far as
(37:42):
behavior that I've raised. He wasso terrified for being, you know,
put in a corner in a gymlocker room where he said, Mommy,
there's no way out, and ifan active shooter was to come in,
we'd all be done. We'd justbe sitting ducks. It's a very scary
thing that we're doing to these kids, and we're trying amatizing these children,
and the fact that they have toundergo these code red girls is really not
(38:05):
something that I ever anticipated that Iwould see in my lifetime. I'm glad
to have my kid home being homeschooled. Now. I really don't know where
we're headed as a country, youknow, I don't know either. UM
My daughter was back in college,but there was an outbreak, so she
got sent home. Um you know, my son hasn't gone back because he
(38:27):
doesn't like the remote, and thenthen not remote, and then you're in,
you're out, you're in your out. So he's like, you know,
I'm going back when it's regular,you know what I mean. But
yeah, one of the things,uh is there's no continuity for these kids,
which thinks, But all right,she's with us every Wednesday. She
wraps up the first hour and that'swhen all our friends out in Portland on
the Money station and visitor radio tunesout. So you got the best part
(38:51):
of the day with Kara wrapping upfor us. Thank you, Karen,
you're the best. That's Karen Turk. Check out your YouTube channel at the
hand the headlines. We'll take aquick break take about all our friends out
there in radio land. The restof you em ployase stay with us,
come back if our two Friday thism
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