THE BIG MIG SHOW
DECEMBER 06, 2024
EPISODE 434– 7PM
A crypto millionaire has launched a nationwide 'treasure hunt'—and hidden multiple bitcoin worth more than $100,000 each
Hawk Tuah Girl’s HAWK Token Under Fire: Did a “Pump and Dump” Tank It Overnight?
XRP Set for Nationwide Adoption in Japan by 2025
Japan has announced its plans to implement XRP for all payments nationwide by 2025, a move revealed by top financial leaders as a significant step in the country’s digital currency strategy.
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00:00:00
Well, welcome back to the Big MIG Show Global Finance Forum,
00:00:03
of course, powered by Genesis Gold.
00:00:05
George cranked out a new holiday intro for us.
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I wish the guys from Genesis Gold were here today, but
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they're not. They're out.
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They're out doing what they do, doing deals, meeting with
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with them. They've always got something
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But of course, you know, well, you guys, you know what the
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Of course. Today hosting is myself, Lance
00:00:28
Maggio and George Ballantine rise and grind.
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00:00:58
George, how are you this morning, brother?
00:01:00
I'm good, bro, I'm good. You know, I had PT this morning
00:01:03
early, bright and early. It's cold.
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Out they're really, they're really working that knee, aren't
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they? Oh my God, it's actually getting
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00:01:12
PT that's making it worse. Physical therapy is an
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interesting thing. A lot of people talk about how
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in case you need it rather than needing it and not having it.
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Doesn't matter whether it's a satellite phone or bullion, it
00:02:44
all makes sense. The Big bigbar.com George.
00:02:49
Lance. So listen, there's a lot of
00:02:52
stuff going in the cycle. I was looking at the Dow Jones
00:02:54
this morning. It's up, but I see a lot of
00:02:58
consolidation going on with the Dow.
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I don't know what that's about. It's interesting.
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A lot of people are talking about how it doesn't seem that
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maybe it's met, it's high for now, that we're not going to see
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any new highs out of the market. It's not that Donald Trump's not
00:03:11
going to have a positive impact, but his main focus appears to be
00:03:14
crypto, right? I don't know if it's going to be
00:03:18
his main focus. I think his main focus overall
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is the economy overall. So whatever will help stimulate
00:03:26
the economy and and continue to make it grow.
00:03:29
That's what he's about South, whether it's about bringing
00:03:31
businesses back over here to America, whether it's, you know,
00:03:36
bringing crypto to the forefront here in the United States.
00:03:39
He's about it getting rid of the immigrants so we have more money
00:03:43
for. You and get rid of Gary Gensler.
00:03:45
Yeah, I mean. Gensler's out of there, that's
00:03:49
for sure. And that's going to be really
00:03:50
beneficial to the crypto markets, the stock market, just
00:03:53
about everything. I can tell you that the people
00:03:56
behind the scenes, nobody is a fan of Gensler.
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The words stupid, ignorant, not a good business person, yadda,
00:04:05
yadda, yadda. Those are the words that are
00:04:07
used to describe them. But the people that are going to
00:04:09
have some of the biggest impact are the people in the crypto
00:04:12
vertical. He's been trying to use stock
00:04:13
laws to manipulate and attack people in the crypto community
00:04:18
and attack the market and it's not it's really done at a
00:04:20
disservice. XR PS probably taken more of an
00:04:22
attack than anybody else. You know, if you guys, the SEC
00:04:25
lawsuit is interesting. For those out there that are
00:04:27
those diggers, you might want to get an account on PACER and read
00:04:30
through all the documents in that case because XRP has got
00:04:34
over 3000 different agreements that are under NDA.
00:04:38
It's somewhere in the neighborhood of 32 or 3300
00:04:40
agreements. But they don't talk about him in
00:04:42
the in the lawsuit. But they just mentioned them.
00:04:45
And this is the first time, you know, XRP was under restriction.
00:04:49
Brad Garlinghouse was being held back from really saying too
00:04:53
much. We'll be talking about him a
00:04:54
little later in the show. But right now, I think the
00:04:57
people that benefit the most may very well be XRP.
00:05:01
It seems like we're starting to get more trickle on the deals
00:05:04
they've got. George, you found a story on an
00:05:06
adoption of XRP in Japan and they're going to be implementing
00:05:10
XRP, huh. Yeah.
00:05:11
Well, this story came out I believe it was August, but you
00:05:15
know, they said, you know, they're going to the adoption
00:05:18
for XRP nationwide in Japan is going to be, you know, by 2025.
00:05:21
And here we are, we're less than a month away, coming up to 2025
00:05:26
S they're going to implement this XRP for all payments
00:05:30
nationwide. All right, And this is going to
00:05:33
have a significant digital currency strategy for Japan, but
00:05:38
also it's going to you know, XRP is going to most likely it's
00:05:41
going to go up and then once you see Japan, you know, implemented
00:05:46
and it starts working going through who knows what the
00:05:48
country is going to follow, but this is a strong point the.
00:05:51
Press the press, George. That's around the globe because
00:05:55
it's some of that. You're, you're right spot on.
00:05:58
There are lots of countries that are adopting XRP and the
00:06:00
agreements are already done. But XRP, obviously the holding
00:06:04
company Ripple has been unable to announce those.
00:06:07
Now, these are all part of the Ripples X Rapid and Ripple Net
00:06:11
Technologies. For the people out there that
00:06:12
aren't aware of it, of course, you know, they just rolled out
00:06:15
the brand new Ripple USD, which they're calling the RLUSD, and
00:06:19
that's a new stable coin that's pegged to the US dollar and
00:06:22
that's expanding the utility of the XRP Ledger.
00:06:26
But these other 3000 contracts are going to be announced.
00:06:29
It's interesting, you know, normally a publicly traded
00:06:30
company gets an opportunity to announce one item every, you
00:06:34
know, so 345678 weeks if they're lucky.
00:06:37
And that's, let's face it, it's earnings and it's announcements
00:06:40
that propel stocks to the forefront.
00:06:42
XRP hasn't had that benefit originally on.
00:06:44
Here's an interesting thing, George, what you probably know
00:06:46
this, George, the market cap of XRP five years ago, the only
00:06:53
thing that was bigger was Bitcoin.
00:06:54
It was Bitcoin and XRP. They were at the top of the
00:06:56
market caps that were out there. And it's difficult to analyze
00:07:00
market cap in crypto. It's not really what propels it.
00:07:04
But the amount of news that XRP is sitting on the brand new
00:07:07
RULUSD would appear that all this development is going to
00:07:11
really enhance liquidity and XR PS Ledger is really going to be
00:07:15
positioned of what I would say in a powerful position in the
00:07:18
global financial market. This, this legal battle, it's
00:07:21
been ongoing, it's gone. It's not going to happen.
00:07:25
I think the SE CS initial demand was like over $2 billion.
00:07:29
Now it sounds like Ripple's going to get some kind of a
00:07:31
civil penalty for like 125 million, something to that
00:07:35
effect. I would consider this a major
00:07:37
legal victory. And I believe that there are
00:07:40
many people that sat on the sidelines, George, waiting for
00:07:43
this SEC ruling. I mean, don't you think a lot of
00:07:45
more, a lot more deals are going to be coming forward for XRP?
00:07:49
Oh, most definitely. Listen, once it's all like
00:07:52
you're saying, Lance, once it all gets handled in the courts
00:07:54
and you know, it's all BS anyway, but it's just going to
00:07:58
be a domino effect for XRP. And yeah, I think so.
00:08:03
I think so too. I mean, it, it's, it's stable.
00:08:07
You know, you don't, there's really not that much
00:08:09
discrepancies in with XRP. So you know, it's a big
00:08:14
difference between a stable coin and, let's say, like Bitcoin,
00:08:16
right? In a sense.
00:08:18
Well, I mean XRP's coin, they've got the stable coin and then
00:08:21
they have the XRP coin. So you can't compare the the
00:08:25
regular XRP coin. But I do believe what you just
00:08:27
said is accurate. There's a lot of questions about
00:08:30
the liquidity and the finances of Tether as an example.
00:08:33
Nobody is questioning the money that XRP is sitting on or their
00:08:37
liquidity, which I think is extremely important because
00:08:39
transparency of what's what really makes a cryptocurrency
00:08:43
valuable. You know, you've got the meme
00:08:44
coins, which some people like to call them, I won't say it, but
00:08:47
the crap coins on one end. And then you've got the far
00:08:51
other end, which would be your stable coins that are that
00:08:53
actually peg the gold or you know, or in this case the US
00:08:57
dollar, you know, So I think it's interesting.
00:09:00
I think what we're going to see is the utility.
00:09:02
You know, a lot of people say this, George, here's the
00:09:04
comment. A lot of people behind the
00:09:06
scenes say, well, Bitcoin needs the blockchain, but the
00:09:08
blockchain doesn't need Bitcoin. And XRP is really an integral
00:09:13
part of the blockchain. And they've got a plan to really
00:09:16
speed up their transactional ability.
00:09:18
I think right now they can do 10 transactions a second and
00:09:22
they plan on, we're increasing that with some of this once this
00:09:26
SEC thing's settled. So I think we're going to see
00:09:28
some tremendous great news on the forefront.
00:09:30
Of course, this isn't financial advice.
00:09:32
This is just giving you the information.
00:09:34
You can always talk to your financial advisors, go from
00:09:35
there. We're not anything on this show,
00:09:37
we're not financial advisors. We just want to put the
00:09:39
information out there, you know, so.
00:09:41
I have a question in in the chat and we always like to and it's
00:09:44
financial questions. So we were asked, what are your
00:09:47
thoughts on Trump's threat of 100% tariffs on BRICS nations
00:09:51
not using U.S. Treasuries?
00:09:55
Well, here's what I think. I think.
00:09:56
I think Trump is a very shrewd business person.
00:10:00
And you wouldn't be able to threaten the BRICS nations with
00:10:04
a kinetic event like a war. So what are you left with?
00:10:07
You're left with financial tools and since BRICS hasn't
00:10:10
completely taken off yet, meaning it hasn't been fully
00:10:13
implemented, although those countries have made a large
00:10:16
investment into BRICS future. I would think that what he's
00:10:20
trying to do is make sure that those countries, you know, if
00:10:24
they're going to move into implementing anything.
00:10:26
He doesn't want to move away from the dollar, but maybe
00:10:27
there's some kind of a relationship between the US and
00:10:30
BRICS. Maybe the maybe the stable
00:10:32
currency attached to BRICS would be AUS dollar that wasn't Fiat
00:10:36
based, maybe AUS dollar that was bullion based.
00:10:40
So I don't know. I can't tell you that I
00:10:42
understand Trump's policies. Here's what I do know and I'm
00:10:45
going to give you guys an inside tip here.
00:10:46
This is a tip behind the scenes. Yeah, listen closely behind the
00:10:50
scenes. There are many people that are
00:10:52
in the Trump circle that are talking about how proactive
00:10:58
Trump is going to be in the crypto world.
00:11:00
I think the next 3 1/2 to four years for the United States, the
00:11:03
crypto world is going to explode here.
00:11:06
He's talking about tax free zones, you know, because he's
00:11:09
seen that Dubai has attacked this market because they want to
00:11:13
possess this market. Dubai wants to possess it.
00:11:15
Trump has got the same position and his three sons, Eric, Donald
00:11:19
and Barron are all very entrenched into crypto.
00:11:23
So I believe that part of the Trump dynasty, not only for the
00:11:26
US but his own family is crypto. So when it comes to bricks, I
00:11:30
think it bricks is a threat to anything and re establishing
00:11:34
that the US is make America great again.
00:11:37
I believe Trump's going to do whatever is necessary.
00:11:39
Now, that being said, I think that he's smart enough to
00:11:42
realize that those tariffs could have a negative effect on many
00:11:46
small businesses here because it would drive the cost of goods
00:11:48
way up, which could cause hyperinflation.
00:11:51
So I think he's going to look at that and he's going to kind of
00:11:53
take some poise. But he does have to try to stop
00:11:56
them dead in their tracks because, you know, Joe Sniffy,
00:11:59
sniffy pedal. Biden didn't do anything about
00:12:01
that. He didn't make any attempt to
00:12:04
slow them down. At the same time, you see what
00:12:07
he's done with Ukraine. I don't think that was a smart
00:12:09
move. I believe that the if we're if
00:12:12
we're lucky, you know, and, and Biden and Harris don't do
00:12:15
anything else stupid. Trump should be able to settle
00:12:17
that. There's a lot of talks behind
00:12:19
the scenes with Russia and Ukraine, and they're trying to
00:12:22
come up with a reasonable understanding to stop what's
00:12:25
going on there. But this, this money that keeps
00:12:26
getting dumped in. So here's my end game.
00:12:28
Trump will focus on trying to not allow bricks to destabilize
00:12:34
the dollar because let's face it, that was the intent of
00:12:37
bricks by the Russians and the Chinese was to take the US
00:12:39
dollar and tank it. I think he's going to do
00:12:42
everything about it. He knows how dangerous it is and
00:12:44
I believe he's got a plan what that plan is at this point.
00:12:47
Once George and I figure that out, if we do figure it out, we
00:12:49
will definitely share it with you guys on this exact show all.
00:12:52
Right, let me throw my opinion for this one.
00:12:54
Please. Listen, bricks is what's the
00:12:58
objective of bricks to undermine the US economy and the US
00:13:01
dollar, which can hurt our overall well-being a country
00:13:05
security. So 100% tariffs, I'm all for it.
00:13:09
Whatever we got to do to make sure nobody undermines us or
00:13:11
tries to, you know, take control of the United States, let's do
00:13:15
it. We got to do it.
00:13:16
We got to protect us, right? If it's tariffs, tariffs.
00:13:20
I I think he's got a good plan I but I don't think it'll end up
00:13:23
being tariffs. I have a feeling this will get
00:13:24
settled out in another fashion. There's going to be some.
00:13:27
Ideas. Well, there are some pretty
00:13:29
interesting ideas and I got to tell you George, let's go.
00:13:31
This takes us right into the next story here, which is, you
00:13:34
know, Rumble board member, for you guys out there that don't
00:13:36
know David Sachs, he's on the Rumble board, very close to
00:13:39
Chris Plavoski. He's nominated as the White
00:13:42
House AI and Cryptozar. That was a close call.
00:13:46
It was between him and Brad Garlinghouse.
00:13:48
I understand, but I can understand why maybe
00:13:50
Garlinghouse might even pass because he's got his hands full
00:13:52
with XRP. And XRP is a big part of what
00:13:56
this administration is going to be doing because Donald Trump
00:13:59
and his team have been talking to Brad.
00:14:01
So I believe he's part of it. So David Sachs, great choice,
00:14:04
smart guy, he's former CEO of PayPal.
00:14:08
So you know, that was that's a great company.
00:14:10
Of course, he did make some great decisions when it came to
00:14:12
conservative America, but I understand what they were
00:14:14
thinking. He's a venture capitalist and
00:14:16
they're going to, he is the White House AI and Cryptozar as
00:14:19
of this point. I don't know, George, let me ask
00:14:22
you, because this is a brand new position, does he have to be,
00:14:25
does his nomination have to be approved by Congress or is this
00:14:28
one of those ones kind of like Elon Musk?
00:14:32
I don't, I'm not 100% sure, but I believe it's, I don't think
00:14:40
there is a new position like where you need to be go through
00:14:44
Congress or Senate to be affirmed, OK.
00:14:48
It's more like I'm going to say it's more like an advisory.
00:14:52
Yeah, in that sense, I think you're right.
00:14:54
But listen, he's on the board with Rumble, everybody.
00:14:57
What does that mean? That means, you know, kudos to
00:15:00
Rumble. It means champion for our free
00:15:02
speech, for your free speech. Because let's face it, can't go
00:15:06
nowhere else to speak freely besides Rumble right now.
00:15:10
No doubt, no doubt about that. That is that is a fact.
00:15:13
Rumble and locals are one of the last bastions and really Rumble
00:15:16
and you guys know that this show and our other show, the big big
00:15:18
show are Rumbles, our home base. But this is just an interesting,
00:15:22
you know, nomination, I guess and and and this guy is an
00:15:26
expert. I'm excited 'cause I do think AI
00:15:29
needs somebody overseeing it. Of course, this guy's knowledge
00:15:32
of crypto is deep. He's going to try to centralized
00:15:34
tech policy, enhance innovation, of course, and develop a legal
00:15:38
framework for the crypto industry that does not include
00:15:40
the SEC and misapplying our current laws.
00:15:44
So it makes a lot of sense. It won't hold us back.
00:15:46
I think you've got the media for the Trump announcement, right,
00:15:48
George? I do Lance, I really do.
00:15:51
Sorry, I was just checking on something.
00:15:53
Let me just. Put it together with us so
00:15:54
everybody can see it. Yeah, that's it.
00:15:57
So it's just for you guys. I am, you know, he says.
00:15:59
I am pleased to announce that David Osaks will be the White
00:16:01
House AI and Cryptozar. In this important role, David
00:16:04
will guide policy for the administration in artificial
00:16:07
intelligence and cryptocurrency. Terraria's critical The future
00:16:10
of American competitiveness so goes on, but.
00:16:13
It's important that they finally put like I don't think anybody
00:16:17
in the current administration is head of any AII haven't heard
00:16:22
and I don't know I could be wrong.
00:16:23
I, I have no idea, but this is actually good for us like, you
00:16:27
know, to make sure AI doesn't take over like, you know, like
00:16:31
and it's not bias like you see on with Google and stuff.
00:16:34
So let's see what? Happens.
00:16:35
Yeah, the the bias is what's terrible.
00:16:37
And of course there are some serious dangers to AI.
00:16:41
You know, people are concerned about self-awareness, you know,
00:16:43
talking about Terminator Judgement Day kind of theory.
00:16:47
But beyond that, what's dangerous is that the
00:16:49
sophistication to make clone videos and and audio is becoming
00:16:54
more and more. When I say it's learning and
00:16:58
becoming extremely proficient, there will come a point that if
00:17:01
they want to clone George Ballentine's voice, you won't be
00:17:05
able to tell the difference, and that's what people are
00:17:06
concerned. About They can clone your voice
00:17:09
right now, Lance, pretty much. Yeah, but still, you can still
00:17:12
test it and prove that it's not. I'm concerned that at one point
00:17:15
George, it may be impossible to tell whether it's the real
00:17:18
George Ballentine or a fake George Ballentine.
00:17:25
I don't know, I think you'll be able to tell.
00:17:28
Well, remember this computers, the the processing power of
00:17:31
computers is exceeding, is excelling at a very, very high
00:17:35
rate. We're now talking about petaflap
00:17:37
fonts in digital conversions and the computer's ability to
00:17:42
process speeds. So as that continues to
00:17:45
increase, I don't know it people are very I've read a lot of
00:17:48
articles about it. All we can do is wait and see.
00:17:50
It's one of those wait and sees the approach.
00:17:52
Hey, man, this is exciting for those people out there that want
00:17:55
to have a fun way to get involved with crypto and don't
00:17:57
know how to do it. A crypto millionaire has
00:18:00
launched a nationwide treasure on George.
00:18:02
Tell me about this. Man nationwide treasure hunt and
00:18:05
hidden multiple Bitcoin worth more than 100 each.
00:18:09
Whoa. So he's a pretty cool, He's a
00:18:12
crypto millionaire, right? John Collins Black.
00:18:15
He revealed last month that he concealed valuables ranging from
00:18:19
Olympic gold medals, rare trading cards, historical
00:18:22
artifacts and crypto in five puzzle boxes in his new book
00:18:27
called There's Treasure Inside Collins Black.
00:18:32
And he writes about the pricey objects that he hid.
00:18:34
So, you know, you have to get the book actually.
00:18:37
But just to let people know, and I'm going to quote him on this,
00:18:41
he wanted to put more value in a treasure chest than ever before,
00:18:45
right? Putting the hunt together took
00:18:47
the better part of five years, Collins Black says on his
00:18:50
website, adding that he designed it for anyone to whom the idea
00:18:54
of solving clues, being in nature or finding a hidden
00:18:57
treasure sounds appealing. Now just to state all the
00:19:01
locations where the treasure is hidden is it's not in any unsafe
00:19:06
areas, not near like like on the side of the road and nothing
00:19:10
like that. They he made sure of that so and
00:19:13
he spent over $2 on on this treasure Lance.
00:19:16
OK, but but where did the idea to throw in a gold medal won by
00:19:20
the Nigerian men's team at the 1996 Olympics?
00:19:23
How did he choose to be the make that one of the prizes?
00:19:26
And that's just. I mean, I mean, how many people
00:19:28
get rid of their gold medal medallion, I mean.
00:19:31
I don't know. I think it's probably, I think
00:19:33
it's probably unusual, probably that most people don't keep
00:19:35
them. But maybe these people, the guy
00:19:37
that was on this team, passed away and that's how he got it.
00:19:39
I mean, I know some of that stuff goes to auction, but he's
00:19:41
actually got a rare for the Pokémon collectors out there.
00:19:44
George. George, are you a Pokémon
00:19:45
collector? No, I didn't think you were.
00:19:48
I'm just messing with you, I guess.
00:19:51
He's got a rare. He doesn't say which one it is.
00:19:53
Is it Pikachu? Is it a Charmander or whatever?
00:19:56
It's a rare holographic Pokémon card, but here's another one, a
00:19:59
21 oz California Gold Nugget Nugget.
00:20:04
George loves his gold. Let me say that, George one
00:20:07
ounce. But wait, wait, how about this?
00:20:09
I like this. This one I'd like to have.
00:20:11
This is cool because you can put in like a little glass showcase,
00:20:14
a glass once owned by George Washington.
00:20:18
All right, you can have pretty dope.
00:20:19
I tell you what. You can have a glass, you can
00:20:22
have the glass. I'll take the Bitcoin.
00:20:24
Yeah, no. How about a moon rock?
00:20:26
Could you take a moon rock? I.
00:20:27
Mean I'm not going to be greedy, I'll take whatever, but.
00:20:30
Yeah, I, I got to be honest, the couple of those items are pretty
00:20:34
cool. I think the glass owned by
00:20:35
George Washington, as long as it's got the document, I don't
00:20:37
know how they know that the glass was owned by George
00:20:39
Washington. I don't know.
00:20:40
Does that mean George Washington's saliva is on the
00:20:42
glass? I don't know.
00:20:45
Wait a minute. DNA.
00:20:46
If there is DNA, you might be able to clone George Washington.
00:20:49
What do you think? I think if George Washington got
00:20:53
cloned and actually sees what the hell is going on with the
00:20:55
government, he'd have a heart attack and die.
00:20:59
Well, yeah, that's probably true.
00:21:01
He would be sad at at a minimum he'd probably be very depressed.
00:21:04
We are not the Republic that he first created, but OK, I guess.
00:21:07
This was inspired by a 2010 treasure hunt that was similar
00:21:10
by a guy named Forrest Fan. I don't know anything about it,
00:21:13
but it took 10 years to find his treasure and it was so
00:21:16
difficult. I guess a bunch of people died.
00:21:17
So this guy has decided he doesn't want people to die.
00:21:20
So he said all the boxers are located in safe places that are
00:21:22
not dangerous to get to. All right, well, there's your
00:21:24
chance. Bitcoin, George Washington
00:21:26
glass, rare Pokémon card or maybe a Nigerian Olympic gold
00:21:30
medal opportunity. Jump in there.
00:21:32
You might want to go out there and get that book.
00:21:34
We'll have to see if it's on Amazon.
00:21:35
Maybe George and I'll get the book and we'll read some of it
00:21:37
on the Big Meg show. We'll try to come up with the
00:21:39
clues. Maybe the maybe the big Mig mod
00:21:41
and our team there can help us find that stuff.
00:21:44
Then we can share it with all the mods in the chat.
00:21:46
That's, that's what we should do, George, buy a couple of
00:21:48
those books, get into the mods and we all strategize where
00:21:50
these items might be. We work as a team team.
00:21:53
We put the T in Team George I. Think that'd be fun?
00:21:58
It would be kind of fun. Maybe we should do it.
00:21:59
Let's not find out about the books all.
00:22:01
Right. I don't know if we could.
00:22:02
I don't know if we could do this on air because then we're giving
00:22:05
the clues and hints to other people and they might just run
00:22:08
and get the treasurer. Maybe we should do a a telegram
00:22:11
or a zoom room with all the mods and we.
00:22:13
Also, we could do a zoom, we could do a zoom room, we could
00:22:15
record it and then if we go out and look, we can also film that
00:22:19
and then just put it all. I can put it all together, make
00:22:22
turn. Rat dog into a Bloodhound.
00:22:23
What do you think? I think she's going to.
00:22:25
I think she's going to bite the shit out of you right now.
00:22:29
Turn into a blood outage we'll put her out we'll go we'll have
00:22:31
her go out with with you and just hit the spots after the
00:22:35
team determines we find that we find the loot and we share the
00:22:38
loot with all the mods. I think this is a good.
00:22:40
Strategy. You know what?
00:22:41
You know what I think I got? I think, I don't know, Farmer
00:22:45
Jay Armat and Video Pizza. I think them too.
00:22:49
They're very smart and I think. I like the idea.
00:22:54
I think all of us, we all put our heads together, you know?
00:22:56
We need to get some addresses, we need to get some books and
00:22:58
let's get to work because the big Mig squad and the big Mig
00:23:01
show could use that extra Rev We're we're all about it.
00:23:04
Maybe then we could do is we could start a pool of investing
00:23:07
for the whole chat room. We could do all of all of our
00:23:09
crypto trading with them, create a separate wallet and then build
00:23:13
it into massive wealth so we can all vacation together.
00:23:16
I'm not saying anything. I wonder why?
00:23:18
I know I don't know. All right, well, listen, you
00:23:21
know we're going to, I know we're going to end up at George.
00:23:23
Let's talk about this next one. It's pretty exciting.
00:23:26
For those of you that haven't been living under a rock.
00:23:29
Bitcoin had 100 GS, 100 GS. It's a Bitcoin milestone.
00:23:34
In fact, I think it went to 102 and change.
00:23:38
George, this is a big #102 Bitcoin.
00:23:40
In 2022 when Andrew Tate was yelling at everybody to buy it
00:23:44
was at 16 I believe. Was it?
00:23:50
It's pretty low. It might have been 30.
00:23:51
I can't remember the exact number, I remember the bottom.
00:23:54
16 it hit 100 you know, Trump put put out a statement
00:23:57
congratulate, but you know, then it became volatile.
00:24:00
You know it, it dropped to over 6005 minutes and there's
00:24:06
actually this is crazy leading to over a billion in
00:24:09
liquidations within 24 hours. But you know, we've seen Bitcoin
00:24:13
do this before, right? Remember it dropped to like, was
00:24:17
it 36? It did drop to 30 what, 3016 at
00:24:22
one point and then it also hit 30.
00:24:24
Yeah, but it was in like sixties, 70s, and then it
00:24:26
dropped to like 30, I think, something like that.
00:24:28
But you know, it always makes people.
00:24:30
Take some of their money off the table.
00:24:31
They want to put some of that money in their pocket.
00:24:33
They want to go buy a new exotic car, maybe a a super fresh
00:24:37
$400 watch. I saw some guys online talking
00:24:39
about all the stuff they're buying with their new Bitcoin.
00:24:42
Saw one guy boasting about the fact that he is now a Bitcoin
00:24:44
billionaire. Showed his wild he's got over a
00:24:47
billion dollars in in his wallet.
00:24:49
So the thing with this and it was 400 million long
00:24:52
liquidations in one hour candle and this is the this was the
00:24:56
largest liquidation event in years, $14 drop in a single
00:25:00
day, which is huge, but you know what it's Bitcoin always seems
00:25:05
to bounce back no matter what so.
00:25:07
Yeah, well, there was a lot of long positions.
00:25:11
People had gone long on Bitcoin and I think that that final long
00:25:14
point was over 100. Ki saw a guy talking about how
00:25:17
he turned 250, I think it was into 5 or $6 because
00:25:23
he went long. Another guy was talking about he
00:25:25
made a smaller investment. It was like 25 or 50 grand and
00:25:28
he made a million too. So some of these long positions,
00:25:30
you know, there are there are ways to play, you know, puts
00:25:33
calls and options on Bitcoin and of course people are going along
00:25:38
and they're shorting it. So I guess we'll have to wait
00:25:40
and see. There's a lot of people that
00:25:41
think it may have topped out for now.
00:25:43
But is that true? Who knows?
00:25:44
This market is just so funky. And you know what, that last
00:25:48
thing, the identity of of the Satoshi Nakamoto, they say it's
00:25:55
a guy in prison and they say that his wallet has $61 billion
00:25:59
worth of Bitcoin in it and that he may never be able to access
00:26:02
it again or anybody else will. So that would take a tremendous
00:26:05
amount of Bitcoin right off the table, 'cause when you lose your
00:26:07
seed phrase of your wallet, you ain't getting it back.
00:26:10
You're in deep Doo Doo. So listen, we're probably gonna
00:26:14
take a short break here 'cause I know George.
00:26:16
I know how he likes to be punctual on brakes.
00:26:18
Yeah, I know. I know.
00:26:21
You're like that. We got to run our commercials,
00:26:22
do our thing, you know, doing what we do.
00:26:24
But then when we come back, we're going to talk about a
00:26:26
giant rug pull that may cause somebody to face some serious
00:26:32
charges. Hawk to a girl's Hawk token
00:26:35
under fire. Let's talk about that when we
00:26:38
come back here. You.
00:26:39
Know what I think about that? Her and her token Spit it away.
00:26:43
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You know, before we get into the story, Lance, when when Bitcoin
00:32:14
came out and then, you know, you had all the coins came out and
00:32:17
then all these different mean coins.
00:32:19
And I always hurt. And This is why I always like
00:32:22
steered away from it because you always hear these horror stories
00:32:27
of these pump and dump scams and it's hard.
00:32:29
It's really hard to figure out how to know what's good and what
00:32:34
bad. You really have to do your
00:32:35
research, a lot of research. First things first, don't
00:32:39
believe any celebrity because you know, what do they want to
00:32:43
do? They want to pump up their coin
00:32:44
and just make for themselves. They don't care.
00:32:46
So you'd really have to do a lot of work and I wish like all
00:32:50
these different coins that we invest in Lance and I yourself,
00:32:53
you have to go like all these different sites, different
00:32:55
wallets. It's crazy.
00:32:57
And I can understand why people actually steer steer away from
00:33:01
it because it's. They make it, struggle with it.
00:33:03
Yeah, they make it difficult. And the first person that
00:33:06
simplifies this process, it's going to be a winner.
00:33:10
And you know, but yeah, Octua Jews got some explaining to do.
00:33:16
I know that. I mean, well, the hard part is.
00:33:21
A lot of the stories are very sad now for you guys.
00:33:23
Hopefully everybody knows. I I don't know if everybody
00:33:26
knows Hock to a girl was a girl that got interviewed and she
00:33:30
made a comment that she was asked about securing a
00:33:34
relationship and keeping a relationship with your
00:33:36
boyfriend. And it was something to the
00:33:38
effect of you must spit on that thing.
00:33:41
And the meme took off. She took off.
00:33:44
She's got deals with a bunch of different platforms.
00:33:46
I think Spotify is one of them as an example.
00:33:50
And and and with that, I can't say she's done all bad.
00:33:53
She does do a bunch of donating to some charities for animals,
00:33:56
but it seems like this ride has been meteoric and I'm not sure
00:34:00
she got advised correctly. Now it depends on who you're
00:34:03
doing these meme coins with. I don't know this group, I don't
00:34:05
know anything about it. We look at meme coins, but meme
00:34:07
coins are tricky. You have to use a lot of
00:34:09
different filters and there's one mode that's real.
00:34:12
One thing that really matters is having a strong community that
00:34:15
isn't going to just pump and dump.
00:34:17
It's a community that has a plan for the coin, you know, building
00:34:21
technical pieces around it that make it beneficial to
00:34:24
blockchain. Some of them have gaming, some
00:34:26
of them have gambling built in. There's all different things
00:34:28
that make a meme coin successful.
00:34:30
You know two of the meme coins George and I have been looking
00:34:32
at are SNEK, SENEK and of course the other one we've been looking
00:34:38
at that we actually got in the staking period was PEPU, which
00:34:41
is Pepe on Shame. That's not financial advice.
00:34:43
You can check them out. We did a lot of research before
00:34:46
we bought either one of those. So pepu and snack.
00:34:50
So here's the deal. It's just a matter of hours.
00:34:52
This coin just went crazy. It soared from just and it the
00:34:56
opening price was 492 and it went up 490 million in market
00:35:03
cap. A lot of people bet the farm on
00:35:05
this one, but that high ride came down quickly with a
00:35:10
staggering 91% liquidation that taking it down to 60 million.
00:35:16
Now the story goes that she and the people that brought the coin
00:35:21
out had some wallets where they started liquidating.
00:35:24
She has gone on further and doubled down.
00:35:26
She had a horrible spaces event where she tried to deny all of
00:35:31
it. I think that'll end up being a
00:35:32
centerpiece for litigation because she made a lot of
00:35:35
mistakes on that, as did the other people that were part of
00:35:38
it. Then they took the spaces down,
00:35:39
but it's too late. People have recorded it.
00:35:42
George, let's show the chart. This is a horrible Candlestick
00:35:45
pattern here. I mean, it's an up and a dump.
00:35:48
So usually that's insiders that do that or they sell coins or
00:35:51
let people get coins early on that can accumulate coins right
00:35:54
before the release. And then those people dumped
00:35:57
those wallets. That's a that's a typical pump
00:36:00
and dump. I'm not saying that's what
00:36:01
happened here. We don't have all the evidence
00:36:03
yet. But this is, you know, one of
00:36:04
those meteoric rises with a super brutal sudden crash.
00:36:08
Some people are alleging they lost every nickel they had so
00:36:12
that, you know those early buyers saw a surge of over 900%,
00:36:17
hoping that this would be one of the next big mega meme coins
00:36:20
like Peanut or like Ath or one of the other ones.
00:36:22
You can think of Pepe in the very beginning or Doji in the
00:36:25
very beginning. But this is a fairy tale that
00:36:28
has a unhappy ending. George.
00:36:30
I mean, it sure doesn't and this is what hurts crypto in a in a
00:36:35
sense. But you know, hopefully they
00:36:38
hold her accountable because from my understanding though the
00:36:42
the wallet or the I mean her and her team held majority of the
00:36:45
coin so. Well, she denies that there is
00:36:49
one wallet specifically that accumulated 17.5% of the coin,
00:36:56
spent about $1 to accumulate it at the very
00:36:59
beginning, and then flipped it in two hours for a super sweet
00:37:02
$1.3 million profit. Listen.
00:37:06
This is what's going to happen. She's going to play the old
00:37:08
little blonde girl that didn't know that these people said,
00:37:11
I'll do a meme coin and just use your name Haktua and yadda,
00:37:15
yadda, yadda. That's that's about her and her
00:37:17
lawyers are going to go. I already see you coming.
00:37:19
But you know what? They'll track the financials and
00:37:22
we'll know. But listen, if you give your
00:37:28
name or you put your your picture name on something, you
00:37:30
better know that it's it's on the up and up because you're
00:37:34
responsible too. Yeah, if the big MIG did a coin,
00:37:37
we would never do this. We'd want it to have, you know,
00:37:39
an AI contingent in some technical.
00:37:42
Not that I'm saying we'd ever do it.
00:37:43
It's just one of those things because you have to remember
00:37:45
this about. I'm going to give you some key
00:37:46
takeaways here. Number one, that's it.
00:37:50
And #1 beware the hype. Rapid price surges can be
00:37:54
tempting for sure, but remember that what goes up fast can also
00:37:57
come down even faster. So beware of hype.
00:38:00
And that includes these in in, in general, I don't like
00:38:02
celebrity meme coins. You know, watch for the whales
00:38:05
and the snipers. You know, when it when it, when
00:38:08
there's only a few wallets to control a massive share of a new
00:38:11
token supply, it's a red flag for potential price
00:38:15
manipulation. So you got to watch that those
00:38:17
whales can make a huge, you know, a huge move very quickly
00:38:22
and you get left in the dirt pile.
00:38:24
And of course, they, most of those whales have a lot of
00:38:26
money. So they use sophisticated
00:38:28
sniping programs to execute those trades, which you may very
00:38:31
well not have those. Not that you couldn't create
00:38:33
some on ChatGPT for, but you have to do it.
00:38:35
Celebrity endorsements. There's no guarantee in
00:38:37
celebrity endorsements. I don't like celebrity coins.
00:38:39
I'm never going to buy a celebrity coin.
00:38:41
It just doesn't make any sense. Don't get me wrong, Trump's
00:38:44
coins did OK, the ones that came out around his name, but that
00:38:46
was during the campaign. I get it.
00:38:48
There are some celebrity coins because it worked.
00:38:50
I'm just not the guy that buys those.
00:38:52
And make sure you do your own research.
00:38:53
You know, even after you see people hyping up a coin and
00:38:55
talking about it, dig deeper into what they call the
00:38:58
tokenomics, you know, holder distribution.
00:39:01
Look at that, who's holding and where and the reputation of the
00:39:03
team behind the project. This is a girl that's made claim
00:39:06
to fame was, you know, suggesting that she spits and
00:39:09
and goes to work on her boyfriend to keep him in place.
00:39:13
I don't think that's a great basis for that.
00:39:16
You know, Kim Kardashian took a big hit.
00:39:17
I think she got fined $1 plus because she had something
00:39:20
very similar to this. She did long term visibility
00:39:24
matters. Sustainable crypto ventures are
00:39:26
often focused on transparency and community building and
00:39:29
genuine utility over short lived hype with nothing like that.
00:39:34
So you know, transparency, community building, you want a
00:39:37
strong community. You look at coins like Snack and
00:39:39
you look at coins like Peppu. Peppu just had the largest
00:39:44
staking round at 72 million plus dollars.
00:39:48
Nobody's ever staked like that, which is staking round is the
00:39:50
early investment. That's a large pool of
00:39:53
liquidity, which would actually allow Peppu, as an example, to
00:39:56
get listed on every single exchange.
00:39:59
It's going to go live, I think next week on Tuesday.
00:40:01
Do your own research. Not a recommendation, but I want
00:40:04
to show you what happens when people screw other people.
00:40:08
George, let's throw up Media 4. Where are you, Lance?
00:40:12
Yeah, that is a a law firm that specializes in class action
00:40:17
lawsuits and that's post says if you lost money on Hawk, which
00:40:21
was the name of her coin, contact our firm to learn about
00:40:24
your legal rights. Our firm represents thousands of
00:40:27
NFT and token investors in securities matters.
00:40:32
This is attorney advertising so I don't predict the future is
00:40:35
looking too good for all the hawk to a girl.
00:40:38
Here's your real name is Haley Welch just so we're.
00:40:40
Clear. Here's the question now.
00:40:41
Do people want regulation on coin do that or not?
00:40:46
I think they want some. I don't think they want big
00:40:48
government. They don't want, you know,
00:40:50
normal U.S. government over. Yeah, but you know what happens?
00:40:53
You give them an inch, I know they're gonna take a mile.
00:40:56
I I get it. I get it.
00:40:58
I think, I think the difficulty comes, George, is that what you
00:41:00
don't want is the industry full of fraud?
00:41:02
Because that will also hurt it for the regular American.
00:41:05
So somehow you have to have a balance.
00:41:07
You're right. I'm, I'm not, I'm always
00:41:08
suspicious whenever the US government gets involved.
00:41:10
But this is an awful story. With you know what I think they
00:41:13
should do you want my idea out of every transaction take a
00:41:18
certain amount and have and we and the people develop their own
00:41:26
policing board or whatever how you want to do it.
00:41:29
Not a bad idea. There could be some kind of a
00:41:30
fee that's added to it. Yeah.
00:41:33
All right, let's move on here because I want to make sure we
00:41:35
cover all these I. Just want to make sure I want to
00:41:38
our what's going to happen with with talk to a girl on other
00:41:42
platforms. They're going to banner
00:41:44
accounts. What?
00:41:45
Because you know. I don't know, you know, it's one
00:41:48
of those things that they always ban the accounts that talk
00:41:51
about, you know, topics they don't want us to talk about.
00:41:54
But maybe this topic, they don't care about it.
00:41:55
Maybe they'll run to her defense.
00:41:57
I don't know how guilty she is or isn't at this point.
00:41:58
These are all just allegations. I guess we'll have to wait and
00:42:01
see. Unemployed Americans searching
00:42:03
for a job at least 15 weeks is up to 40%, the highest in three
00:42:08
years, at least by these numbers that are being reported.
00:42:11
This is really concerning, George.
00:42:14
It is because listen, you had there are now 1.6 million
00:42:19
Americans that have been unemployed for 27 plus weeks,
00:42:23
the highest since February 2022. Now what does this show the US
00:42:27
labor markets weakening? But you know, the jobs report
00:42:30
came out today and for November and it was at two 22127 thousand
00:42:36
jobs, which it was they expected less.
00:42:41
But then you know, if you look at the what is it called, the
00:42:43
farmer payroll, whatever, it shows different difference.
00:42:46
So I mean the last year's the shares jumped what -8 percentage
00:42:51
points. Yeah, well, by nomics, hard at
00:42:56
work, hopefully Trump will turn this around.
00:42:58
A lot of Americans looking for jobs, you can't find them.
00:43:00
I don't. It doesn't surprise me.
00:43:02
We're seeing a lot of consolidation in the job market.
00:43:04
You have. And it's going to get worse in
00:43:06
some ways, I think. I think AI is really going to
00:43:08
take a bite out of the job market personally.
00:43:11
So you have look, the number of hires that as a total, as a
00:43:14
percentage of total employment, which I said fell to 3.3% in
00:43:18
November, the lowest level since 2020.
00:43:21
Now over the last three years we had hiring rate that has
00:43:24
declined by 1.3% points. That's the biggest decline on
00:43:28
record. I'm going to put up the graph so
00:43:30
you guys can see this. You know we ain't kidding.
00:43:33
You don't hear the media really talking about it, right?
00:43:36
Yeah, of course. Why?
00:43:36
Wouldn't. And this also puts the hiring
00:43:38
rate significantly below the 2001 recession levels.
00:43:44
Outside the pandemic, we had seen the biggest drops in the
00:43:47
hiring rate since 2008. the US labor market is starting to
00:43:52
freeze. Now.
00:43:54
You won't feel it because, you know, you had the holidays.
00:43:56
Right now. People are shopping, they're
00:43:57
buying gifts. They feel good about, you know,
00:44:00
Trump coming in. So you can't really look at the
00:44:05
spending of this month because it's one of the most spending
00:44:08
holidays, I think, right, Lance? You know, yeah.
00:44:11
And let's face it, the job market usually leads what I
00:44:14
would call bad financial news. When you hear the job markets
00:44:18
are being impacted in a negative way, it usually leads to
00:44:20
everything else. And I think it's interesting
00:44:22
because right now the housing market is showing some signals
00:44:25
that I think it might very well be in trouble.
00:44:27
Also, newly built homes were more expensive than existing
00:44:31
homes by only 3% on average this year.
00:44:35
Now that's the lowest premium for a new home and I think since
00:44:38
the 80s or and and I think it's in line with actually the early
00:44:42
70's, the margins. So the average premium for a
00:44:45
home in 1968 was 16% or five times higher.
00:44:49
Now these existing homeowners are refrain from selling their
00:44:51
homes, reducing supply to near record levels.
00:44:54
But now the new homes, the margins are tight because I
00:44:56
don't think people are buying them.
00:44:59
I mean, it's getting tricky. And I'll be honest, the quality
00:45:01
of a lot of new homes is not great in comparison to the old.
00:45:04
Homes to make it simpler, simplest as possible.
00:45:07
You got to know something is wrong when the new is getting
00:45:10
cheaper than the old. We're not talking like classic
00:45:14
cars here, people. We're just talking about older
00:45:16
houses, right? That are cheap that the newer
00:45:20
houses are cheaper than finding an old house I mean.
00:45:24
Yeah, I don't like the cookie cutter style of what's going on
00:45:26
with new home builders. You go down the street and all
00:45:28
the houses look the same. And I think they're doing
00:45:30
themselves an incredible disservice.
00:45:32
And it doesn't surprise me that they're having a difficult time
00:45:35
selling that kind of inventory. And you know, most Americans
00:45:39
can't afford $1 house They and really they, they're
00:45:41
having difficulty affording the houses now because the houses
00:45:44
that were 300 three or four years ago are now five 600.
00:45:49
The appreciation has gone on through the roof.
00:45:51
And I don't think it matches what you're getting for the
00:45:53
money. So this is a tricky thing.
00:45:55
But now you're talking about jobs and you're talking about
00:45:57
the housing market. Now, of course, Donald Trump
00:45:59
could do a lot of things to change this.
00:46:01
Mortgage rates are too high, you know, interest rates are too
00:46:04
high. He's also talking about limiting
00:46:06
the maximum amount of credit card interest a credit card
00:46:08
company charge. I think he's wants to cap it out
00:46:10
at 9.99% is what he's talking about, which would be a windfall
00:46:15
for the American public because they've got the largest amount
00:46:17
of credit card debt in history right now.
00:46:20
Americans are holding more credit card debt right now than
00:46:23
has ever been held by Americans in the in the US history.
00:46:27
So pretty frightening. You know, you guys have heard on
00:46:30
this show we've talked about battery technology, Samsung E VS
00:46:35
incredible battery technology. There was a crazy announcement
00:46:38
about battery technology. You guys are probably familiar
00:46:41
with the product called Carbon 14.
00:46:43
They use it for dating antiquities.
00:46:46
They use the carbon molecules. And that's how they can tell how
00:46:48
old it is by the reaction. Yeah, so that's everybody knows
00:46:52
carbon 14 from that, but never before has it been used in in
00:46:56
wonder what what this has suggested.
00:46:58
The UK has unveiled a ground breaking carbon 14 diamond
00:47:03
battery. Listen to this George promising
00:47:07
up to 5000 years of uninterrupted power. 5000 years.
00:47:15
5000 years. For carbon 14 diamond battery
00:47:18
that I mean why wait a minute? Yeah.
00:47:25
So the battery's charged, you don't have to keep charging it.
00:47:28
No, because basically what it does, the battery generates this
00:47:30
low level of power. So we're not talking about
00:47:32
something that could power an EV, but you are talking about
00:47:34
something that could power satellites and other items like
00:47:37
that that are low voltage units. Basically it it it traps the
00:47:41
electrons in a diamond structure, essentially creating
00:47:44
a solar cell but with radiation instead of sunlight.
00:47:49
So they use the carbon 14, which is a radioactive isotope, and
00:47:53
that's how they produce. So how big is how big is this?
00:47:55
Battery. A new battery.
00:47:57
How big is this? How big is the biggest battery
00:47:59
you can make? I don't know I'm I'm not sure
00:48:01
yet we have a video, but here's the deal Think about a pacemaker
00:48:04
that never needs a new battery. So that means the owner of that
00:48:08
pacemaker never has to go under the knife ever again That
00:48:12
battery would stay online for a millennia.
00:48:14
Let's. Play the.
00:48:15
Video permanent No replacement Power source Medical implants
00:48:20
unbelievable. Specs.
00:48:21
Space exploration. Unbelievable.
00:48:23
I want to play the. Video kind of a Yeah, It's
00:48:25
crazy. Let's show that.
00:48:26
Best, best as we can, just so that this planet can be safe for
00:48:29
us all to live. We're trying to develop new
00:48:33
materials, new devices which change the paradigm for Atomic
00:48:37
Energy. The diamond battery would
00:48:40
revolutionize the battery industry.
00:48:44
Bye bye to all living iron waves batteries.
00:48:47
Bye bye to constant surgery to change pacemakers.
00:48:53
This is about UK innovation and no one's ever done this before.
00:49:02
We can have a real world impact on people's lives because we can
00:49:05
offer a technology where you never have to replace the
00:49:07
battery because the battery will literally, on human time scales,
00:49:11
last forever. So in our case, what we're
00:49:15
trying to do is to have a radioactive material in this
00:49:18
diamond to help create some form of electricity.
00:49:24
We first approached the UK Atomic Energy Authority.
00:49:27
We thought they had the materials that we needed to make
00:49:30
diamond batteries. The UKA is working across all of
00:49:36
the fields that are necessary to deliver safe and sustainable
00:49:38
fusion energy. There's global interest in the
00:49:44
development of safe and sustainable fusion energy.
00:49:47
In this case, we're using carbon 14.
00:49:50
The half life of carbon 14 is about 5000 years.
00:49:53
That's a long time. Here is the actual experimental
00:49:58
rig to synthesize and grow diamond batteries.
00:50:04
They're trying to create the thin layer of this diamonds
00:50:08
under pressures that are below atmospheric pressure.
00:50:12
We are ensuring that the carbon isotope is totally encapsulated
00:50:17
in the core of the diamond isotope inside that thin layer
00:50:23
and meets electrons. And this electrons, when they go
00:50:26
through this diamond, which is a semiconductor material, it helps
00:50:30
to create that electricity and power.
00:50:33
Though is low power, but it lasts for a very very long time.
00:50:43
Neil is ordering 2 batteries. One has been grown in the lab at
00:50:49
UK EA with synthetic diamond coating, carbon 12 and cable 14.
00:50:54
That's the diamond battery and that's lithium battery.
00:50:58
We had a device made out of diamond where we had the
00:51:01
radioisotope integrated within that device and that's the world
00:51:06
first. The future would be us.
00:51:09
Using diamond batteries is almost everything.
00:51:11
You can use it in small satellites, you can use it in
00:51:13
computer chips, remote controls, wristwatches.
00:51:17
Our use case applications are typically either extreme
00:51:20
environments. So this could be space, it could
00:51:22
be the bottom of the sea. When we have a clean battery
00:51:27
like the Diamond battery, that mitigates climate change.
00:51:31
Clean energy and low carbon energy is really important in
00:51:34
terms of protecting the environment.
00:51:37
Do we want to use this technology for advancing the
00:51:40
human race? This is where I know I'm
00:51:43
actually doing something that can affect the world in a
00:51:46
positive manner. The decade ahead is about
00:51:52
upscaling production. It's about improving power
00:51:57
performance. Give credit to a lot of
00:52:05
engineers that put on it. It's it's not just two or three
00:52:08
people. There's a lot of a lot of
00:52:10
powerhouse behind us. That's really what allowed us to
00:52:15
achieve this fantastic result. This is really exciting at this
00:52:18
point. This is where we think that
00:52:20
people are really going to say hold on, this is absolutely game
00:52:23
changing. You know Dorsal and Energizer
00:52:34
are not happy campers right now. Yeah.
00:52:37
Yeah, You might want to short, short some of those stocks if
00:52:40
this is really going to be coming.
00:52:41
I don't know how long it'll take to get it to an industrial level
00:52:44
where they can produce enough of them, but wow, right?
00:52:46
I mean, listen what it takes money to make the equipment and
00:52:50
stuff, but you have to look at investments into it.
00:52:53
But can they scale it to where you have like a AAA battery or
00:52:58
AA battery? I mean, right now you're talking
00:53:00
like a watch battery size or or your key fob battery size.
00:53:06
But it would be an incredible windfall to get rid of that
00:53:08
lithium mining and lithium batteries, which are so
00:53:12
horrendous for the environment. It's just so bad.
00:53:14
So interesting technology. You know, we talked about that
00:53:18
battery technology, we talked about the Samsung technology,
00:53:21
some crazy innovation. Coming on, if they can make that
00:53:23
for an EV battery. Oh yeah, Well, understand that
00:53:28
EV batteries are made-up of thousands and thousands of
00:53:31
battery banks, of small lithium batteries.
00:53:33
That's how they make those EV banks, so they could do it.
00:53:36
The problem is encapsulating the cost.
00:53:39
I have no idea what the cost would be for this battery.
00:53:41
I don't know how difficult it is.
00:53:42
Of course, you have to also be concerned with safety because
00:53:46
we're talking about a radioactive isotope, so if the
00:53:49
car got into a vehicle crash. But for satellites, for medical
00:53:52
devices, computers, there's a lot of great opportunity here.
00:53:55
Unbelievable information. I want to make sure we cover
00:53:58
this. We talked about XRP at the
00:53:59
beginning of the show. We thought that Brad
00:54:02
Garlinghouse's interview on 60 minutes, which is a first time
00:54:05
interview for a crypto person on 60.
00:54:07
As far as I know, that's a big deal.
00:54:09
So rarely in American politics as a new industry spend so much
00:54:13
money with such apparent impact as the cryptocurrency business.
00:54:17
You guys know that and what they did in the last election, they
00:54:21
impacted the election. They put their, they doubled
00:54:23
down with money they all wanted to get rid of, you know, the,
00:54:26
the, the SEC chairman Gary Gensler because he was so awful.
00:54:31
So Margaret Brennan from 60 minutes And of course now we
00:54:36
know there is a new pro crypto administration.
00:54:39
This interview is going to get posted.
00:54:40
Brad just posted about it. He said it's official.
00:54:42
The interview I gave was 60 minutes about crypto's fight for
00:54:45
regulatory clarity in the US will air live Sunday, December
00:54:48
8th. This is an interview you do not
00:54:50
want to miss. Number one, if you're in crypto
00:54:52
and #2 if you're not in crypto, this may very well convince you
00:54:55
to get in. Only 4.8% of the world's
00:54:58
population is currently invested in crypto.
00:55:00
That's an extremely small number.
00:55:02
So you can imagine what the long term upside is for crypto over
00:55:05
the next 5 to 10 years. I told you, you can count on the
00:55:08
fact that you're you at your, the money in your pocket is
00:55:10
going away where they will be going to a digital currency
00:55:12
across the globe. George, I'm sorry to mean to
00:55:14
step. On no, no, no, that's all right.
00:55:16
How much percentage you said people are in crypto right now?
00:55:19
They say it's 5%, but the real number a lot of people suggest
00:55:23
is 4 point percent. That that that percentage would
00:55:26
jump right away if they figured out, like I said earlier, how to
00:55:30
how to make this process easier. It's typical for me.
00:55:34
And George is technically sophisticated.
00:55:36
I leave a lot of the tech. Data.
00:55:37
Because I'm not it's. It's just.
00:55:39
Clearly not as skilled. Yeah, George, you struggled and,
00:55:41
and I was struggling to give you where you could even figure out
00:55:44
how to do it. There was a couple of coins.
00:55:46
One of them is that SNET coin we talked about, which I think
00:55:49
they've got a, they've got a base of just 10s of thousands of
00:55:53
community members. That's why I'm so confident
00:55:55
Snack's going to be a Bitcoin and they're building all sorts.
00:55:57
Here's here's the thing, let me explain to people about this
00:55:59
just I'm going to use this snack coin, for example, and this goes
00:56:02
with a lot of other coins. In order to buy this snack coin,
00:56:04
you have to you know, get a wallet, but you have to buy
00:56:07
Solona coin and then swap it. So what happens?
00:56:11
They get you on a transaction buying the Solona coin, then
00:56:14
they get you on the transaction, swapping it.
00:56:16
You know, this is how they're making their money.
00:56:18
All right, good for them, but it's complicated for people.
00:56:22
And what George is talking about is the wallet.
00:56:25
It's impossible to just have one wallet.
00:56:27
So as an example for us, again, we're not telling you to invest
00:56:30
in crypto. You got to decide for yourself.
00:56:32
This is not financial advice. But we're George and I own, I
00:56:35
don't know now at this point, half a dozen, 6-7 wallets.
00:56:38
And you have to have that many wallets for a number of reasons.
00:56:41
When somebody figures out how to be the Google of wallets or the
00:56:44
whatever you want to call it, it's they're going to be a
00:56:46
massive company because having to hold that many wallets, it's
00:56:49
it's frightening because each one of those has a password seed
00:56:52
phrase. And if you ever lose the seed
00:56:54
phrase, you're done. Your assets are gone for good.
00:56:57
Let's play this 60 minutes trailer that Brad put up on his
00:57:00
website and you're going to be able to catch you on 60 minutes.
00:57:03
And then after the the after it's, you know, obviously aired,
00:57:06
Brad is going to be putting it up and we're we're probably
00:57:08
going to take the episode and put it up on even our own
00:57:10
platform. We're all thinking show crypto
00:57:12
for all of us. Brad Garlinghouse's
00:57:14
cryptocurrency company and two others contributed $144
00:57:20
to support pro crypto Republicans and Democrats
00:57:23
running for Congress. 85% one. It's incredible.
00:57:28
So in your mind, is the message for any lawmaker looking to run
00:57:33
for office that they have to take your industry seriously?
00:57:39
Fear your industry. I don't know about fear, but I
00:57:46
think Brad made a good move as many of those crypto companies
00:57:48
because they needed to change the guard at the SEC because the
00:57:51
SEC has been misapplying laws against the crypto industry for
00:57:55
years now. You can't take a stock law, put
00:57:57
it against crypto. It just doesn't work.
00:57:58
It makes no sense. I don't agree with any of it.
00:58:01
Of course, it's a little wild, Wild West.
00:58:02
We do need some kind of authority figure within the
00:58:05
crypto world, but we'll have to see how that goes.
00:58:08
All right, listen, we're out of time for the big MIG show,
00:58:10
Global Finance farm, of course, powered by Genesis Gold.
00:58:14
Don't forget the regular Big Mig show is tonight over on Rumble.
00:58:17
You'll check it out. We we may or may not have a
00:58:19
guest. We're kind of waiting for a
00:58:20
finalized appearance on that. If we do, we'll get the
00:58:23
advertising up on it. You don't want to miss that
00:58:25
show. And of course, next week it
00:58:27
looks like Jillian Michaels, we had to adjust the schedule.
00:58:29
She was going to be on Friday. She's now going to be on Monday.
00:58:32
That's going to be an incredible interview.
00:58:33
I'm confirming the last of the details were there.
00:58:35
So that should be a lock and load.
00:58:37
Great guest next week. You don't want to miss it.
00:58:39
If you aren't following G Ballentine on X, Lance Miliaccio
00:58:43
and the Big Mink Show on X, you're missing out.
00:58:45
Lots of variety, lots of different topics.
00:58:48
We, we, we, we really scour the Internet for every story on
00:58:52
every quarter of a topic you can possibly think about.
00:58:54
And we do have a little bit of fun doing it, I think.
00:58:56
So we appreciate you guys tuning in.
00:58:58
The Global Finance Forum is out of here.
00:59:01
George Ballantine. See you guys tonight.
00:59:08
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