The Blackrock Rabbithole... | Jake Tran

0:00Hey, guys, if you're not following me on Spotify, please hit that follow button and leave a five-star review. They're both a huge, huge help. Thank you. You know, everything in this world revolves around power. And that just really opened my eyes. And the first, like, video in that direction was I read a book called... What was it called? The Creature from Jekyll Island about how the Federal Reserve was founded? Yes. Yes. Like a secret meeting with all the elite bankers at the time. Tell that story for people that don't know it. Yes. So Jekyll Island is a real island. I believe it's somewhere in Georgia, maybe. And at the time, they wanted to create a central bank in America, because America didn't have a central bank at the time. It was based off of the gold standard. What years are we talking? Roughly. Early 1900s, I believe. I could be wrong. But they knew the American people would never fall for a central bank. Because I believe at the time, people were aware of the dangers of central banking. Really? And like a via currency. Yeah. With like the average American? Or I'm not totally sure about the average American, but definitely like, you know, the general consensus.

1:05Maybe within people that actually were in the government and stuff like that. Okay. Yeah. What made them so afraid of it? Um, you're kind of testing my memory right now. It's been a few years. That's what I do. But because America hatched ride, I believe to have a central bank in the past in the 1800s. And I believe it like failed miserably or something like that. So people knew the dangers of it. So the elite bankers at the time, I can't remember who exactly they were. Maybe one alone was JP Morgan. They all took like a secret train ride to this Jekyll Island place. And they, and there they formulated the plan to get America on to central banking. And they called it, they purposely called it the Federal Reserve to make a sound like a piece of the federal government, a part of the federal government. When in reality, the Federal Reserve is privately owned.

2:05And it will allow them to print as much money as they want. Wait, it's privately owned. Yeah. How does that work? Um, these days, um, yeah, it's like privately owned by the big banks. And, um, the, the leaders of it, I believe there's though like, you know, government bureaucrats. But that's how, like part of the argument is, you know, you separate the government from the money printer. But I don't think that's how it works in practice. Yeah, it doesn't really work that way. There's so much. And now like in the, in the media age, there's so much political pressure that's, that's put on. I mean, you've seen how much money they've printed, for example, over the past five years. And it all started with the pandemic where you had the whole government freak out and say, we're going to crash if you don't print it. And it's like, who's really making the decisions here? You know, yeah, definitely. But that's, so that's, that's crazy though that, you know, our society then just accept something like that as the standard norm. Like, oh, yeah, the Federal Reserve. That's how we get our money. And it's just a bunch of old dudes in, in the forest, like talking to each other.

3:05Yeah. And if you look at the graph of the value of the dollar, like from the moment the Federal Reserve became a thing, to today, we've lost like, I've seen numbers between like 90 to 99% of the value of the dollar. Yeah. And that's kind of the inevitable outcome when you're allowed to print money. Yeah. I've, I, you know, Anthony Pompleyana. Yeah. On the internet, so he's been talking about inflation for so many years with these charts. And you look at him and they look fake. You're like, this can't be real. But then you start to consider it and you think about like even we weren't alive back then. But you think about like what people could buy with a dollar when you hear the stories in say 1950. And when they come by with it, you can't buy anything with a dollar now. It's just math. And we've, and we've effectively done that to society. But I mean, there's also so many other companies you talk about like the private banks. So to speak owning the Federal Reserve, you now have these behemoths, like the black rocks, like the band guards, and these huge companies that also own the literal stock of all the publicly traded companies

4:05that then basically have to report to them so they keep buying them. And people wonder why society is so corrupt. Yeah, definitely. And like especially when it comes to money printing, it's the most, it's the most covert way of taxing you. Because if you're the government and you want tax dollars from your, your subjects or people, you really have two ways. You can tax them directly. But then people are going to get angry if you have to pay like a really high tax on your income or whatever. Or you can inflate them by printing more money. Because when you print more money, the value of everyone's dollars in their bank account goes down. So effectively, it's, you get the same outcome as tax, as taxing people directly. How? Wait, you lost me for a second. How do you get that if, if you are still based off the dollar that's also losing value in that process anyway? Because out of the government, you get the, you print the money to spend, which it's kind of the same outcome as you taxing them and them having to pay money directly from the bank account.

5:07Oh, I see. Yeah. Okay. Yeah. So it's the same, you get the same outcome, but it's more perverse. People don't notice inflation as much as they do direct taxes. Yeah. It's, and you look at society like we notice the tragedy. You know, we notice the helicopter that flies into the plane and, you know, some people died. It's a horrible thing. But if you look at that, I think there were that, that one that just happened. There were like 64 people on that plane or something. We're still waiting to hear how many passed away. But at the same time, you have epidemics like cancer and heart disease that we talk about and we accept. And we're like, oh, well, it's horrible, but yeah, a lot of people die of that. And they're killing millions of people every single year. But because it's just a statistic, you know, and then you have your anecdotal stories. Of course, you know, where people lose family and stuff like that. Like it's not this main news story where it's like, oh, my God, something just blew the. Yeah. And so we, we almost that, I don't know what the term is for this. It's on the tip of my tongue.

6:07But like that tragedy of just the slow burn versus the instant hit makes us ignore things like this. And it ignores even things economically for us as you're pointing out. Yeah, I say they were like, well, like, I believe that's that is 100,000 people died in 20, 23. Well, and I believe that's a very high multiple of like one single year. Oh, yeah, yeah, exactly in a single year or two and a single year. But because it's, it's not like what you said, people just don't really notice it. What do you think that is the crisis? Obviously, we know the cartels are like bringing across the border and stuff and there's been some open border problems. But what is that emanate from? Do you think this is like a reverse opium war? Yes. Because I had Lewis Chaparrio. Oh, yeah. Definitely not. Yeah. Last name right. Yeah. Adam on for a video. And he showed me WhatsApp messages where you can literally buy the ingredients to make from these Chinese vendors.

7:07Uh-huh. And you see their WhatsApp messages with like their Chinese name and stuff. And yeah, he believes that is definitely part of China's subtle warfare with us where they were humiliated by the West from the opium wars. Um, and now this is kind of like their way of getting back to us. And you know, if you're China and your military isn't strong enough to face the US head on, like, why wouldn't you do stuff like this? Yeah. It's crazy. I told the story before, but there was a guy named Ben Westoff who wrote a book called link. You ever hear of this? No. So I think we're going to get him in for a podcast at some point here. But he had done a podcast with Joe Rogan maybe five, six years ago where he talked about how he got into it. And he was like, I was a culture reporter. I had wrote about like the music industry. And he was given some sort of story where he had to cover something within, I think the music industry. And somewhere along the way, he was talking with a guy and an off hand comment came up about. And he was like, I'll tell me about that. I didn't really know anything about it.

8:07And long story short, he suddenly went down the rabbit hole and realized, oh my God, there's a story in here. Ends up right in this whole book. But one of the things he did was he liked alone went undercover to China just to see how easy it would be to get like a hookup. I'm like, went into the factory, talked to guys like, yes, I could just get like, yeah, FedEx it to you or whatever. And he was like, I can do this. Think about like what organized crime groups can do to get this in. Like there's no way that, you know, we can talk about China doing the reverse opium more. I believe that and Luis's research is great. But also, why the fuck are we letting it in so easily? I feel like there's better ways we could stop it or more things we could do to stop it here now. Yeah, definitely. And yeah, one other thing Luis told me is that, you know, the cartels in Mexico, they would have Chinese reps come over and show them how to make the drug with these ingredients. And on top of that, now there's a stronger drug. That's something like 50 times stronger than 50 times.

9:07Yeah, it's called nightazines. Also coming from China, the same kind of setup. It's like the next big money maker. And the reason why the cartels love that no is not because they're like intentionally trying to kill their customers. It's because they can cut it into other drugs and just make the other drug way cheaper. So it's definitely a money incentive. Who do you think runs the world? And I'll tell you why I'm asking that later. I think that, you know, these days, everything has to be very PR friendly. Like our politicians and those in power and whatever. But at the end of the day, we still have the same human psychology from the dark ages, from all these other way worse periods of time. So I think the same things that were happening before are still happening today, just behind the scenes, that you have to make it more pure friendly. So what does that look like though? So I think, you know, before there was a few families running things around the world, like a few powerful families.

10:11I think it's probably something similar to that today. Except they just have to go like jump through more hoops, like bribe the politicians and stuff like that instead of doing it overtly. Who were like when you say there used to be a few families running the world when and who are you talking about? Well, if you look at like the forklifts of like the world's richest people, what you notice is that most of those people made their money in the last few decades, usually from tech or some other stuff like luxury or whatever. When in reality, we have eight billion people on the planet. And, you know, before these people made their wealth, there were a lot of other people, a lot of other families that were just as wealthy. And are probably way more wealthy than the people on the force list. So I think it's families like that. Whereas maybe it's not a single individual like Mark Zuckerberg owning all that wealth. Yes. It's usually like, you know, a powerful family, dynasty. And you're saying that they're not on the Forbes list. I guess because they're better at hiding their money or spreading it around the actual family. Yeah.

11:11Because if you look at the force list, most of those people have public money that's tied to like public stock, which is extremely easy to trace. You can just view it like the market cap on the stock market like Zuckerberg or whatever. Whereas most of these other families, you know, they own private property. They own other forms of wealth that aren't tied to like public tech companies that are extremely hard to trace. And if you look at like a Zuckerberg or Elon Musk, they kind of have to show off their wealth because that's part of their like personal brand that they're like, you know, these super smart tech people or whatever. Whereas most of human history, if you have wealth, you definitely hide it or else, you know, the peasants will rage you. Yeah. And it's funny because it feels like that circle life is coming back around because we have such a wealth gap that's happened. You actually just did a video recently on like the death of middle class. That was really good. But like this wealth gap has now exacerbated the divide between the common man and the ever shrinking almost group of like actual powerful man.

12:16And yet we have the most see through to each other that we've ever had because of the internet and obviously mass access to media. Yet, you know, there's more of an ability for some of those people to flaunt the wealth they have or feel like they can do that today when you would think it would be the opposite. Yeah, I think, you know, half of it is like, you know, the new rich people that, you know, want to show off their wealth. Yeah. The other half is like the old money people that intentionally try to hide their wealth. Yeah, the old money thing. You start looking like family offices and how they slush that stuff all around the kids going through the generations. I don't understand that mentality like because in a lot of ways, it's always like you're ruining the next generations because what do they even work for? They're just inheriting what they had. Like I don't want my kids when I have a lot of money to like know that I have a lot of money or inherit that. I want them to go be dogs and form their own own life, you know what I mean? Yeah. You know, I made a video on the horrible lives of rich kids because, you know, all of us look at rich kids and we envy them.

13:22Like I wish my parents were rich when in reality, you really don't because if you look at these rich families, they have impossible expectations for their kids. Because if you're like a third generation rich kid and you're like the patriarch made all the money like your grandpa or something, by the time you were born, all that money's compounded into maybe like billions of dollars. And there's literally no way. There's an extremely, extremely slim chance that you could ever surpass that on your own unless you join the family business. Correct. So, you know, for, you know, people like me that grew up in a poor family, like any amount of success that I achieve, whether it's like, you know, 100K job or a million dollars a year, my parents are going to be aesthetic. It's very easy to make them proud. And at, at the end of the day, all of us at some level want to make our parents proud. That's like part of our, you know, purpose or whatever you want to call it. But for a rich kid, it's literally impossible to make your parents proud.

14:22Yeah. So, that's why a lot of them end up turning to like drugs and stuff like we talk about in this video. Yeah, can we turn the volume on unless you go back to the beginning? Oh, I know that guy. Let's, let's see what this is. Your edits are amazing. A lot of times. Growing up rich is the dream. Your parents buy you anything you want. You go to the best schools, you only hang out with other rich kids. You get to party with all the right people. As a rich kid, you never experience any hardship. Life is as good as it gets. Or is it? I've always hated how just because someone is born into a family of wealth. People automatically label them as a spoiled brat. Yes. My dad has a private jet. And I love flying in it. Yes. My dad has a mansion and cars. And I love making videos with them.

15:22Who wouldn't? But I have never pretended that those things were something that I... Or just to give people context. So I was born in one of the poorest countries in the world. And then I grew up in one of the poorest communities. Oh, yes. I'm fully aware of the criticism. And I've also seen the other side of things which is like as an adult. Most of the people I deal with tend to be very wealthy individuals or very wealthy families. And so I've seen both sides of the extremes. And after seeing everything, I would say that I have never seen a single person from a poor community. Even remotely, as mentally ill, as kids from rich families. Like you can't even compare the two. However much you feel like your parents might be disappointed in you. You know, you multiply that by a billion and now you understand what it's like to grow up as a rich kid. So again, I'm saying this is someone who's been to the extremes of both ends. You just can't compare the two. Like I would absolutely if I had like a start of life over again. I would absolutely choose to start again. And I was super poor. Yeah, that's your business manner.

16:22You were saying? Yeah. How'd you find that guy? He was my channel. Oh, shit. Well, that's, is that the guy we were talking about yesterday? Yeah. Oh, that's him. Are we allowed to say what does background was? Yeah. He was the former president of Jordan Belford's company. He's the modern day company. He's not trying to know Mark. Oh, that's awesome. But he's making an amazing point because we've all seen these kids. I saw them at different levels of my life. I remember in college where you could tell that there was a kid who went to boarding school and whose mom started drinking at two o'clock in the afternoon, just to pass the time to pretend her life was good in her fucking mansion. And she's actually miserable and then dragged on to him because he had all these expectations and dad. He's out working all the time doing this thing, probably fucking to watch other women too. And it just, it has a cascading effect on them. And I felt bad for those kids because you could tell that they it's almost like they weren't, they didn't have that light in their eyes. A lot of other kids have gone to college.

17:22It was more just like, oh, this is what's expected of me. And I can imagine, you know, behind closed doors, a lot of them were miserable. Yeah. And, you know, most of them end up taking one of these respectable jobs like consulting or finance or whatever. Because, yeah. And when you go to like one of these super rich boarding schools, you end up just comparing yourself to everyone else. Oh, that family gave this kid a Ferrari. And I only have a Mustang or something like that. So it's crazy. It really warps your perspective. Yeah. Yeah. I never understood that. And I think that's actually a problem with modern day society too. You know, the call it like the Instagram effect on everything. But people got to show you what they have or what their drip is. And why, you know, it's almost like I'm better than you. I'm better than you. I'm better than you. I've never gotten caught up in that because I'm just like, why? You know, what the fuck is so wrong with just enjoying life and being a normal person? Why do I got to wear Gucci this or Versace that? Like a lot of people, I'm not saying nice things aren't nice. But a lot of people are literally buying any nice things they have strictly

18:24because of what other people are going to think about it or what they think they're going to think about it. Yeah. And when it comes to those really loud luxury brands like, you know, the actual rich people don't wear those brands. It's only the aspirational people that, you know, want to come off rich. That they'll wear like a giant Gucci logo or something like that. Like, the billionaires definitely aren't wearing that stuff. I remember like the Kanye quote, he's like, billionaires don't wear chains. Dan, when he lost it, Dave Chappelle was like, put your chain on. It is true though. Like you see these guys, though, the guys who are really wealthy and are, I don't want to say like humble in that wealth, but just, they don't have anything to prove. They're the ones that roll up like, you know, they're fucking shirts sticking out. Put the fuck that they care. And the people that want to show you are like those new rich people. They're like, oh, I got to have the Ferrari. I got to do this. It's very weird what that does to our psychology. Yeah, definitely. And to you, it made you get blue hair. Blue hair is funny.

19:24I died by hair in high school, but I was like broke back then. So I couldn't afford to keep it up. Oh, so this is an OG broke thing. Yeah, yeah. Well, redining in high school. It was like platinum blonde. Platinum blonde. Yeah. I like the blue is a good look. Thanks. Yeah. I've done a lot of colors at this point. I seem to settle on blue. Does it damage your hair doing it that much though? I have really thick Asian hair. That's good. So if you have like really thin hair, it can really damage it. Yeah. But thick Asian hair seems to work. How long does that take to do it like 20 minutes? Oh, it's way longer. Way longer. I waste so much time and money on this. Oh, you do it like the salon or something. No, I have a hair stylist person that comes to my place. Oh. Oh, boozy. I want a private person to come out. And you're living out. Stitch fix. Shopping is hard. Let's talk about it. I don't have time to shop. So I buy all my clothes where I buy my seafood. I just want someone to tell me what shirt goes with what pants. I just want jeans to fit. Stitch fix makes shopping easy.

20:24Just show your size, style and budget. And your stylist since personalized looks right to your door. No subscription required plus free shipping and returns. Man, that was easy. That looked good. Stitch fix online personal styling for everyone. Take your style quiz today at stitchfix.com. Yeah. What's going on? Well, this is where my parents are. I grew up the second half of my childhood over there. Okay. All right. So it wasn't just you over there, too. Were they? I rather not say. Oh, actually, that's fun. But I never been out there. I heard it was a good time. I heard it was fucking insane. It's all right. It's not my favorite. I do know I grew up there. It's like, fuck that. Well, I think, you know, guys like you are showing that as we have been long for a long time now in internet 2.0, really headed to like 3.0, you know, the every man at home, so to speak, like you were me, can have access to some resources to really go dig into stories like you were saying earlier.

21:28And research things and actually get like a good idea or a good handle of what it is. There's a guy recently on the internet, Ian Carroll, who's done a ton of content where he's going through and researching things. And like, I'll look, he'll show some of his, I don't know, what the fuck you call him, but like research charts and models and, you know, backing the sourcing and all that. And it's pretty crazy what we can have access to if we really care. But the average person doesn't have time to go through and do all that. So guys like you are the ones who, you know, they're relying on now to bring them their truth and bring them what's really happening out there so they can learn about it. It's a big responsibility. Yeah, one thing I always believe in is that if you have something that, have something that you know, the world should know, then it's your responsibility to make sure it reaches the most amount of people possible. And the only way to do that is to frame it in an entertaining way because at the end of the day, most people don't actually care that much about learning because if they did, they would read textbooks. They would attend, you know, the lectures and stuff.

22:30But people care more about entertainment. So we have to use that as like the conduit to like get the right information to people. So that's why, you know, I really try to make my videos really entertaining for that. They are. Yeah, for that reason. That's interesting. You say that though, it makes sense once you get to the kicker there, they're like, they're more motivated by entertainment. I would agree with that. I think people do want to learn. I think there's too many distractions of entertainment. That's why I think this is effective. You know, because like, you go to read a textbook. It's not written in an interesting way. There's an attitude you have about it because you're like, oh, they used to make us do this in school. But there could be great information in there. And, you know, I'm not fucking out there reading textbooks. And I mean, content. You know what I mean? Definitely. And it's like, you know, when you make these videos, there's also, you're citing a lot of these sources. They include things like textbooks or peer reviewed papers or stuff that know whatever read. And you're bringing it to people in a digestible manner, which I think is a huge problem with academia that they don't do that. Yeah, definitely. And what is, like, when you go to, when you go to start a video,

23:33what is your research process? Do you have a specific thing you go about, or do you kind of let whatever the topic is guide you? Yes. The way I go about it is, you know, I start with broad research. And what I mean by that is like, we're very broad, easy to consume stuff like YouTube videos or whatever, just to get like a lay of the land, like what the topic is about. And then I go into deeper sources, like, I call it like medium sources, that take a little bit longer to consume. Maybe those are like books or documentaries or whatever. And then I'll go into really deep sources like papers, things that are just hard to find, hard to read. And I keep going until I feel like I have enough for a really solid video. And that differs per video. Like sometimes I have to go like really, really deep. Sometimes I don't have to go as deep. And the research process is a little bit faster. So it depends on the topic. Do you also ever have to struggle with, I guess, like finding the conclusion you want to find versus the conclusion that might actually be more evidence-backed,

24:37if you will? Yeah, sometimes, you know, I go into a video thinking that, you know, this is the conclusion. But then I research it and it's not it. Do you have an example of that? Over the years, we've had to count like a good amount of videos. So nothing comes in mind right now. But it's been like a decent amount. Right. So you'll basically stop the video if it's not going towards what you want the subject to be and you find that the research isn't there. You're like, all right. I won't cover it. If it's still interesting enough for a video, we'll definitely still cover it. But yeah, if the conclusion is different and it's not interesting enough, then we'll have to count it. Yeah. Now you, I think the biggest one you ever did was the Black Rock one, right? Is that one of them? Yeah, that's one of the most viewed videos on top of Nestle and Julian Saj. Oh, yeah. We'll come back to Julian Saj, I think that's so fascinating. But Black Rock's an interesting one because it does feel like they're just on top of every meme. Now where people are like, Black Rock runs the world and everything. And it's like, I remember when I worked on Wall Street,

25:38anyone on Wall Street, like you touched Black Rock, like they were, they were a company involved in everything. So it makes sense to me that they're in, they're considered at the middle of this whole thing. But do you think that, this is what I always wonder with it, do you think it's more Black Rock? The company is just this corrupt dungeon, if you will, versus maybe some of the, a la like the quieter rich guys, if you will, like the private equity firms that really hold some sway behind the scenes that people don't know, kind of come in and pull the levers with the big behemoths like Black Rock? I think one extreme advantage Black Rock has is that since they own a little bit of everything, they just see, they just have a, like a super, like the most detailed view of the economy, like you could almost get. That's why the government always goes to Larry Fink and Black Rock when they need a mess cleaned up, like the 2008 financial crisis, like when they were arranging all the bailouts,

26:39who would they go to, they went to Larry Fink, and they gave them the contract to help clean up the economy. What did those contracts look like? I can't remember, but I believe there were no bid, and they just rewarded it to Black Rock, because if you look at it, if you put yourself in the shoes of the government, like you don't know much about the economy, you don't know much about finance. So who are you going to go to? You're going to go to the guy that, you know, owns a little bit of everything, and has like this bird's eye view. Same thing happened during COVID when they had those corporate bond bailouts, where the government was buying corporate bonds, who would they give that contract to, they could do it themselves, because they don't know anything, so they gave it to Black Rock. Yeah, looking at the 2008 crisis, they were stuck between such a shit and a fart there, because if they let all these banks crash, everything goes to shit. No one, there's no even elections. No one's getting reelected to anything, so everyone loses everything. But if they don't let them crash, you're basically letting the criminals come in and police themselves, which is what they did.

27:40But they did have to pick from, like, you know, they let Lehman Brothers crash, and then they picked, I guess, the lightest steaming pile of shit on a pile of shit to come in and clean it up, so you could argue that a bank like JP Morgan, which obviously Jamie Diamond had a lot of influence in that time period, and then places like Black Rock, they were at least better positioned than other banks. So in some ways, I don't fault them for being in that position, but what I do have a problem with is that, and this isn't just banks, you look at banks, you look at Pharma, you look at any major industry, the guys who are at the tip of the spear of these companies, usually on behalf of the company themselves, are paying the people at the government to get in the government, to be the politicians who are gonna make the decisions and decide what contracts are filled. And cynically, I look at this and I go, how do we stop this system when all the people who are required to vote on changing the law are put there by the people who don't want the law to change? Yeah, it's definitely a difficult battle.

28:41And I think at the end of the day, it starts with educating the people, because before my BlackRock video, no really knew about BlackRock. And this was like the one of the first major in depth viral videos on it. And now most people know about BlackRock. So I think that's part of what we're trying to do here. It's just educating the people more. Can we pull up that BlackRock video? It's such a legendary video. Yeah, I think now on the internet, the one issue is that we can hear a headline with things, and not actually know how it works, and then blame everything on that. Whereas, you know, there could be more, there could be more nuance to it. That's why I bring up the PE thing. All right, I'll turn it on. Go ahead. As uncertainty has grown, many banks have restricted lending, credit markets have frozen, and families and businesses have found it harder to borrow money. We're in the midst of a serious financial crisis, and the federal government is responding with decisive action. So I propose that the federal government

29:42reduce the risk posed by these troubled assets and supply urgently needed money. So banks and other financial institutions can avoid collapse and resume lending. This rescue effort is not aimed at preserving any individual company or industry. It is aimed at preserving America's overall economy. In January issue, the bailout was far bigger than the federal reserve left the public or even members of Congress. Crazy. No, it's not. During the 2008 meltdown, when the government bailed out too big to feel giants like Barrister and AIG, Fannie Mae, Freddie Mac, who did they hire to analyze and clear the mess? Another giant financial firm by the name of BlackRock, led by a very well-connected billionaire by the name of Larry Fink. BlackRock was awarded these key government contracts to help with the meltdown with no competitive bidding, while being enveloped in secrecy. Basically, Larry Fink was hired to be the manager of Washington's bailout of Wall Street, even though BlackRock is one of the biggest shareholders in the same banks they were helping to get bailed out. Making Larry Fink the most powerful man in the post bailout economy.

30:42Fast forward to the 2020 pandemic. Great quick question for you. So we're just getting word from the federal reserve and this might be boosting the market even more this afternoon. They are talking about the details of their corporate bond purchases in the Fed making history today and the first time ever be a be end buying corporate debt ETFs. The unprecedented move driving an explosion in the corporate debt market. We are committed to using our full range of tools to support the economy and to help assure that the recovery from this difficult period will be as robust as possible. But again, as I mentioned, the Fed two weeks ago began buying individual corporate bonds and we just got granular detail about what types of purchases it made yesterday. And who did the money printer of the US the Federal Reserve hired to manage their scheme to buy corporate bonds? Basically, they were bailing out corporations that had too much debt to withstand the pandemic. You guessed it? They went right back to BlackRock. Even though, again, the same corporations BlackRock was helping to bail out, we're the same corporations that they own some of the biggest stakes in. Keep in mind though, these are just the top ten of all the bonds that they have. Who should they have gone to with that?

31:44In your opinion, if they're not going to go to BlackRock? I mean, that's the problem. Who else are you going to go to? Yeah, yeah. Yeah. Because they, like, and I love that we have this chart right up here, let's say let's put it back to that. Just so we have a pause on this. These are the percentages that BlackRock owns of all these major, we're looking at Toyota Volkswagen, General Electric Ford, Dymler, Apple, Verizon, like enormous conglomerates so they have skin in the game for these guys to not lose value in the stock market, which now here's the devil's advocate. They may have skin in the game themselves so they don't want to lose money. They want to make money. But there are a lot of mom and pop investors who are invested sometimes, a lot of times, true BlackRock or through Vanguard in these same companies who they also don't want to lose value. So in a way, like if I could see it from their end for a second, it's good for everyone in theory for stuff like this to not crash, right? Yeah. Yeah. All this stuff, it's definitely in the gray.

32:44Like there's some pros, there's some log hans, but somewhere in the gray. What do you think it is? Do you think a guy like Larry Think is just someone who rose up and obviously is CEO of this company and is trying to protect this company for profit? Or do you think that there's, there are more sinister people who are pulling the strings behind him, who genuinely understand that what they're trying to do is bad for other people because they just, they get off on that. You know, one thing I saw somewhere is that, modern day billionaires, they are the apex predators. Like you have to have this like apex predator mindset in order to, you know, not to stop out 100 million or like 500 million, to go for like multiple billions of dollars and to keep pushing. It's usually like this apex predator mindset where it's about winning, it's about dominating, kind of like, kind of like the rulers of yesterday year. Yeah. Yeah.

33:44Yeah, I think that, you know, I'd be curious to talk to some of these people, you know, get like a Larry Think in the studio, and see if, if for three hours, they could try to be a real person. I know like Joe Rogan's talk with some of these guys who you would maybe put in that category and not to like, throw shade at all of them, but you know, talk about like the Mark Zuckerbergs, the Mark Intrations, the people who are these new Volvo billionaires and everything. And they do come across, like when you listen to it, as like, fairly normal, or trying to do the right thing, obviously fucking it up sometimes, but the cynic of me goes, you know, maybe, maybe they're smart enough that even sitting there for a kind of live back and forth conversation with a popular podcast, so like Joe Rogan, they, you know, they can put on a front and they can make people believe that, yeah, yeah, we really want the best for you, and the reality they don't. Yeah, I don't know about those specific examples, but throughout these years, what I've learned talking to, like these people and talking to people that know these people, is that, usually they're,

34:44they're not what they see to be. Yeah. Yeah. How they present themselves in the public. Who are the types of people without revealing sources and everything? Who are the types of people you talk to, who are around those people? Um, my channel attracts a very strange audience. So a lot of very interesting people reach out. That's part of the reason why I love my channel. I've missed them. We're really interesting people just through my channel. So I don't want to review like sources or whatever. Yeah. It's pretty easy to deduce who I'm talking about this stuff. That's got to be interesting, though, that a kid making a YouTube channel and doing a little research and making it entertaining has people who are at least around power, reaching out and saying, hey, you're in the right direction. Yeah. Yeah, it's pretty crazy. Yeah. Did they push back sometimes, though, too, and try to tell you, you're not? Um, let me think of an example. Maybe there's some examples, but nothing comes in my right now. So usually it's like them saying, pretty good. Yeah. Damn. It's a crazy world out there, man.

35:45Yeah. I mean, you know, you keep talking about these, the few families that used to run things. And it does seem like today, even though we have that wealth gap in everything in a smaller wealthy class, the average net worth of the wealthy class, say the top 0.1% is way higher than it used to be. So there's a lot more of these families, you know, like you might think the mid-dichies, the Rothschilds and stuff like that in the past, the Asters, right? And now, I could probably start whipping off 150 that come to mind. Yeah. They're running. So do you think it's like the kind of thing where they go to some, like, fraternity meeting and wear a bunch of masks and fuck each other or run in the world together? Do you think it's more like this unspoken, you know, here's how it's going to go? Yeah. I really don't think it's like some typical generic conspiracy thing like people think. I think it's usually just a lot of powerful people with similar incentives that lead them to do similar things that benefit each other. Similar incentives that do similar things

36:45that benefit each other. Yeah. Because, I mean, especially if you look at, like, the family office and private equity ends if it I brought up a little bit ago, those types of forces often intermingle money together, right? So they may do it within public companies like this or in private bids for things that we don't hear about. And so, even if these people aren't actually communicating, they have the same incentive structure for, I'm just making something right up right here, some shitty for other people industry, like, I don't know, the food industry to do well, meaning we're going to continue putting cheap process shit into the food because it's going to make us more money. So they're not sitting here, like, actually saying, we're going to put poison in this, but the end result is they poison people. Yeah. Like, the food industry has their incentive to make the most profitable food possible that tastes the most addicting and last as long as possible on the shelf. In order to do that, they have to put a bunch of artificial stuff in it that gives us cancer and stuff.

37:46And the benefit of that is that it makes people more sick which makes them go to the big-former industry. So I'm not sure, maybe there is people like colluding between food and big-former or whatever other example you want to make. But that's a good example of, like, just similar incentives that happen to benefit both of them. Yeah, and you've made a whole separate channel on this now. That's really good. Can we pull that up, Alessie? Just so people can see this. So you're digging into the whole health crisis. You've been doing this for a while, too. Yeah. And the reason I started this channel was just for, like, my own personal benefit because I was getting into, you know, alternative health and learning about how screwed up the food and everything else in contact with us is in America. So part of this was my own personal desire just to, because I want, if you want to accomplish a lot of stuff, you have to have energy. And what I've made my energy is you literally just can't be sluggish throughout the day. And to do that, you really have to focus on your health and stuff. So I was getting into this for myself and I just saw a really big gap that there was no premium

38:46documentary channel making videos about this. So I made evil food supply. I think we hit, like, 100 K subs and around three months. Yeah. Just because there's a giant need for this. And this was right as this trend of, like, alternative health was picking up. Now it's, like, really popular. Oh, yeah. Yeah. Yeah. The Robert F Kennedy wave came in and everyone's, like, talking about it. You see the Cali means is the world coming on to the scene. But, like, it shouldn't have taken this long. Yeah. It's pretty weird that I took this long. Yes. They've been putting this shit in food forever. Yeah. You look at the ingredients. Like, when you're reading something, it's like, I'm making up a word right now. But phosphate, caloric five or whatever the fuck. Like, there's no way that that's good for you. It's a chemical. It's a preservative. And yet, we've normalized this stuff to the point that, you know, things that used to be like, oh, you could treat yourself with McDonald's 50 years ago. And, you know, it's not good for you. But, like, you're going to be okay versus now where they're, where instead of, I guess,

39:46like beef talo back then, now they use fucking seed oils everywhere. Yeah. And we wonder why we're all poisoned. Yeah. And, like, you've seen the pictures of, like, McDonald's hamburgers lasting for, like, 50 years. Yes. Or something crazy like that. Yeah. There's no way that's good for you. Um, and it's pretty interesting because I remember, like, before I learned all of this, I also thought, you know, processed food is probably okay. It's not, it can't be lap-at for you. How did you eat growing up? Like, what, what were your parents nutritional standards? Like, a mix of Vietnamese food, like, home-cooked Vietnamese food and just, like, processed stuff. Like, the typical cheap stuff you buy as, like, a poor family, like, pop turrets and stuff. Sure. Yeah. I mean, we all had that stuff at some point. And my mom was even a nutritionist and, once in a while, some of that stuff would make the way to the household. But, I think I had it really good compared to everyone else. But, like, did you, you talk about, you being interested in having an energy to do what you do for self-improvement and things like that. But, did you, like, suddenly notice that, like, oh, my God, like, I'm sluggish when I eat this or I have a problem when I do that or I have this little health

40:47neck right here that might be caused by what I'm putting in my body. And then, when you made changes, did it, did those things reverse? Yeah, I'm not sure how I originally, like, stumbled upon this little thing. But, um... On December 12th, Disney Plus invites you to go behind the scenes with Taylor Swift in an exclusive six episode docu-series. I wanted to give something to the fans that they didn't expect. The only thing left is to close the book. The end of an era. And, don't miss Taylor Swift, the era's tour. The final show, featuring for the first time the torture poets to format. Streaming December 12th, only on Disney Plus. The biggest change I saw was definitely cutting out processed food. You just feel way more awake. And, like, you know, this is how life should be. Yeah. Once you cut that stuff, stuff outside, it's definitely step one for everyone. I think the next step is getting your hormones and micronutrients tested because things like testosterone or all the other hormones, these are, like,

41:47billing blocks that dictate all the important functions in your body, like, whether you... whether you... whether your cells keep fat or expel more fat than it keeps, all that's dictated by hormones. And, most people don't really even know about their hormone levels. Even though they're just that important. So, getting my hormones levels tested and my micronutrient levels tested, like vitamins and minerals because the vitamins and minerals are what build hormones. And, because, because of how depleted, like nutrient depleted our food is today, most people are deficient in something. I believe the number is, like, 90% of people are deficient in something or, like, multiple vitamins and minerals. And you wouldn't know that unless you tested it. So, me getting, like, a blood, saliva, hair sample test. And then, just... eating more of that stuff without missing, just that alone makes everything easier.

42:47You have more energy when you go to the gym. You actually get more progress. Oh, yeah. Yeah. Yeah. I've noticed it more than ever over the past year plus because I had, like, all kinds of health problems and I had to... I would start getting them fixed with some things that the doctor don't need to go into all that. But, that started to improve and all the while I was also focusing more on what I put in my body and doing more research on that. And so, I started eating very clean over the past year. And I immediately noticed my energy levels went out. I immediately noticed that, like, my skin came back and the craziest part is that whenever I'm not at home, which, you know, we're like everyone else. You go out and sometimes you gotta go eat on the road and things. I'll go look at, you know, just pull up a normal restaurant to try to get food at or, you know, whether we're sitting down or I'm trying to order Uber Eats. And fucking everything on there is a bad option in some way. Yeah. Like, it's literally baked in to have something processed and I know the next morning when I wake up, my morning is going to be

43:47a little longer and a little grogier because of that. Yeah. And on top of that, even if it's, like, seemingly healthy thing out of restaurant, they're probably using, like, cheap stuff. Like, Sedo is whatever. Because they're also business incentivized to do that. Yeah. You know, like, that's the problem. Bad food costs very little. Good food costs a lot. How do we change that? Yeah. Just definitely just cutting out processed stuff. And, you know, there are a lot of videos online showing how you can eat pretty healthy for not that much money. Just by knowing what to buy at a grocery store. So people can definitely look that up. I'll have to look that up because I can't say I've watched any of those videos or read up on that that much. But I look at it through just doing research of, like, what I can do through just doing research of, like, what I can buy and going to the store, looking on Amazon, grocery and everything. But, like, when I go to buy things that are of the earth, they, they invariably cost more than the shit that's not. Yeah. And part of the reason we have the processed foods, and maybe this is the

44:47less sinister way it happens, is because it's, it is, it is a, it is a cost cutter. Because you can use that food can last way longer. You can sell more of it, produce more of it. I mean, it's just economics. Yeah. So how do we change that if we don't literally legislate a way, which I'm not against this at all, literally, though, at the government level, legislate a way, the ability to use any of that stuff, in which case, there will be also a mass incentives based Exodus from the food market, the people who provide the food for people to fucking survive, because there will not be the same money or margins in it. I'm not absolutely sure. I'm open to legislation. I'm also, you know, the reason why I make this general is if all of us just make better choices, it will, you know, and vote for our wallet. It will just force the companies to make healthier choices for less money. What do you think of RFK potentially coming in there? We're recording on the day where I think we're going to find out if he's confirmed or not. But what do you love that? Yeah, I love it.

45:47And I hope he gets a lot of work done. It's going to be hard to make a lot of progress in just four years, because the government moves very slow. But I hope he makes a lot of progress. Yeah, I mean, it's what's wild to me, though, is that there's such a massive push back against him. And then you'll look at like previous candidates for the same role they're voting, you know, 90 to 10 for them. And they don't do shit. They don't question any narratives. You literally had Elizabeth Warren saying this guy in the hearing, like trying to get him to commit to not being allowed to sue the former company. It's like, are you fucking kidding me? How is she still around, man? That's what I'm saying. Like, do you hear yourself? You're trying to protect these people? Yeah. You know, that's what, and again, it comes back to the money that's flown to their pockets. But when people, I don't know what's going so wrong in society that, you know, based on the two-party system, in this case, it's Elizabeth Warren on one side. So she's going to have her supporters automatically,

46:47you know, 50% of the country is going to be like, yeah, that sounds right to me. Yeah. Now people are like, because people hate RFK. Now they're defending, like the big farmer companies, the big food companies, it's ridiculous. There's nothing to defend, you know? And maybe it's not, like we were saying, just purely sinister, you know, like, oh, let's put all this shit in their food and kill them. Yeah, I think it's fairly money. I think it's fairly money, because if you're a food company and you want to make more money, what do you do? You make food that's cheaper and that last longer on the shelf. So what we do that is to put more and more artificial stuff in there that, you know, it doesn't expire, doesn't go bad. And that is inevitably not good for us. Yeah. What's the worst stuff that you've researched them putting into our food that people should be aware of? I think everyone who cares about their dog should not buy them kibble dog food. Because dog food, if you think

47:48human processed food is bad, there's way less regulation with dog food. And it's like absolutely terrible. So, dogs can eat raw meat. They're perfectly fine with it. It's way healthier for them. And kibble dog food is the absolute worst thing you could feed them. It's literally like cardboard. A lot of them will have pretty meat pictures on the label. There's no meat in there most of the time, or maybe one percent meat. The rest is just fillers. And the meat that is in there, carcasses that are grinded up with a bunch of trash in them, it's really terrible. Jesus Christ. Yeah. That's for dogs. Yeah. If you care about your dog, feed them like real food. Like, real human food. And what are some of the, what are some of the like, for like human food? What are some of the worst ingredients that are most commonly put into all different types of food? Like, this whole pushback against artificial food dies is definitely valid. They're really bad for you.

48:48They make ADHD in kids' worse. How so? I don't know why it makes it worse, but definitely makes it worse. Can we Google Vanillesi food dies makes ADHD in kids' worse? See if we're going to pull up, uh, something pure reviewed? They just pass something. Oh, they did. There's really something about food dies. One food died, got banned, read number three, I believe. But there's a few of these different colors. All right. That's progress. Let me just read this real fast. So we have the relationship between food dies and ADHD is complex and not fully understood. Some studies have shown that certain food dies such as yellow five, tartrazine, and red 40. Ethrazine can worsen HDA symptoms, ADHD symptoms in the small subset of children. These studies typically involve children with diagnosed ADHD who were giving food dies and observed for changes and behavior. Other studies have found no association. Okay. This is also like food dies and yeah.

49:48And if you think about like, why would you even want food dies in your food? Because the only reason they put food dies in your food is to make the colors brighter. So that you buy it. Yeah. Because our eyes are trained to want to eat bright food because historically that means you know, fresh or fruit or whatever. Yeah. But they've hijacked that system to make, you know, fruit loops look more appealing. That's crazy. Yeah. And they don't do in other countries because it's against law over there. You know, in Canada, like, literally, if you just cross a border into Canada, fruit loops over there look way dollar. Processed food over there looks way dollar because a lot of these food dies or band over there. Yeah. There was like a whole argument over that. But that's what R.F.K. I was trying to point out of something like two versus 19 in the US. That's crazy. Same with Europe for their food coloring. They have to use more natural stuff. I think one of them is cayenne pepper or something or something. Yeah. Natural color, red coloring instead of like red for a little bit, and I ate like a king there, drank a lot of wine, did the whole bit,

50:49I worked out all the time, but I felt about as good as I've ever felt, probably eating more than I ever did, because it was fucking great over there, but a lot of it had to do with the fact that the water was fucking clean, the foods didn't have these, and I know shit about this at the time, this is like me learning later, the foods didn't have these ingredients in them, it's more natural stuff, and like you wonder why some of these people that fucking sit there and drink espresso all day and start drinking wine at four o'clock and eat pasta for two meals a day, or live in longer than us in some cases, and rip and fucking boog's left and right, I wonder why? Yeah, at least for pasta specifically, their wheat over there is way cleaner, because over here our wheat is sprayed with pesticide, and then they also fortify our iron, but the type of iron that they use, I believe we're allergic to, like most people are allergic to. But yeah, that's why I want to eat bread, or pasta made with American wheat, I get like stuffy nose, and I feel terrible, but if I eat pasta that's made with Italian flour,

51:51I feel completely normal. So this is them spraying iron on the wheat that's grown in America, you're saying? I don't know if they're spraying it, or they're just adding it in at the last part. Okay, can we Google that? This is what I've never heard this before. Yeah, pasta or wheat fortify with iron, or pasta or wheat fortify with iron, let's do that. It's perfect. See what we come up with on the Google machine. Let's see if they push this one down, search results. I just remember RFK talking about glyphosine, it's the biggest problem on all the food. All right, so pasta, pasta or wheat fortify with iron is a convenient and nutritious food that can help with iron deficiency, they're taking the opposite stance. Fortified pasta contains added iron, other vitamins and minerals, and it's giving me all the benefits. All right, scroll down. Right from Google's AI here, all right, all right, go to the search, and so we have pasta or wheat fortified with iron, and we'll make a video on this eventually.

52:52Yeah, oh, so okay, so you haven't done yet, I like that good call, let's see. Iron fortified pasta and wheat can have negative effects, including iron overload, gastrointestinal issues, and increased risk of infection, consuming too much iron. So that's, again, this is like kind of bailing it out, they're trying to say that it's just well, if you have too much of it, but what they're not talking about, all right, here's a study, a lesson, just pulled out wheat flour fortification with iron and other micronutrients for reducing anemia and improving iron status. See, this is all like improvement stuff they're trying to say, but you're saying that the specific iron that's often used, at least here, is a type of iron, I don't know anything about this, a type of iron that can cause that we're like allergic to. Yeah, like irritation or whatever, on top of that glyphosate, and there's a few other reasons with pasta specifically, like over there in Italy, they slow dry the pasta, whereas here we like fast dry it, and that's supposed to be worse. And a bunch of other small reasons like that, that just make that make when you go to Italy

53:52and eat food over there, you feel great. And some Americans even lose weight. Yeah, I often talk about like our democracy and freedom being used against ourselves, that can come externally and internally, because when you have a system that allows total freedom, which I fully support, and I'll take that, the negatives that can still come with that is people can take advantage of that to find loopholes, to be able to try to earn the most or be as rich as they can be, and in the process heard other people in doing so. Yeah, and where freedom comes with responsibility, on one hand you can have a lot of regulation like Europe, and you get like healthier food obviously, but you also get less innovation. And if you want freedom, you got to take, you know, more personal responsibility too. Absolutely. And that's the shitter of the fart scenario, because when you look at both of those slopes, we know where more regulation goes wrong, but then also when you do like, a lot less of it or whatever, it invites in instead of the government being the big bad person,

54:57the buckle we stopped somewhere with someone be a bad, so now the big bad billionaire in the private market gets to be the bad person, and by the way, they're the ones paying the government. So what's the real difference? Yeah. You know, what do your parents think about, like the research you do, because they came here from another country, they to try to live the American dream, like how did they view all this? That's a good question. They always had the like very traditional mindset, like the government's good, there's nothing bad of our food, blah, blah, but you know, because they love me, they always watch all of my videos, so they inevitably learn these things, and they've come more to accept like these alternative views, like my dad was talking about, he watched my middle class video that you talked about, and yeah, he was like, yeah, it's crazy how college, you know, it's crazy not to think and be ready for a job, even though he like pushed me to go to college and everything, so I'm glad they're seeing the other side.

55:57Yeah, there's this, I talk about this all the time, but there's like this plan that we're sold in society, you've already referenced it, and it's something everyone out there understands, but we're told you do this, then you do that, then you do that, then you do that, then this happens, then you retire, you have enough money to survive, and you look at the sun and you wait to die, and it's almost like it feels like a hamster wheel when I look at it. Now there's some people who they'll go about that process of life, you know, get the respectable job, find the right girl at the right age, you know, have the kids rise up in the ranks as much as they can, save for their 401k, retire, and then do the thing, they're perfectly happy, and that's fine, I don't think there's anything wrong with that, but the idea that like society is purposely with, you know, the few puppeteers at the top trying to push everyone to do that, and then making people, many people miserable in the process was something like college where they've ballooned costs over the years, taken down the quality, you know, taken away the ability for that degree to do much for you, and yet you're told if you don't do that, you're a fucking idiot. There's something very, very like the incentive structures are very off there.

56:59Yeah, it's horrible. And, you know, people get into like tens of thousands of debt, hundreds of thousands of dollars of debt, and you can't cancel it in any way when, you know, every other debt if you go bankrupt, you can cancel it. But I believe the law was changed in 2004 or something to where now college that you can't cancel it with bankruptcy. What was that? You can't cancel college debt when you go bankrupt, unlike every other type of debt. Whoa. Yeah. And that was just changing like 2004 or something. No, not something like that straight up field sinister. Yeah. It's like, why are you just picking this one, which is the one that you're trying to convince everyone they should be forced to get anyway? Yeah. And atop lot, you know, you're sounding onto this that way, you're like 18 and you're a fucking idiot. Yeah. Yeah. So, yeah, college is definitely terrible. Yeah. And like, and here's the thing. It forms an attitude in society where everyone says this. And what that does is it's the equal but opposite reaction, which says, so we should have

57:59none of it. I think that's a terrible idea too. I think that there are the various college educations out there, you know, by degree. So to speak, not even necessarily by university, that, you know, it is very useful. And we need to have an educated society and we should strive to have something more. But we push people so far in the other direction because of how dumb down we've made it that now we're going to have a lot of people who are like, you know, fuck college, we shouldn't have any of this. And that creates a completely uneducated society. So you see what I mean? Like there should be some middle ground there, no? Yeah. I think if you want to be a doctor, a lawyer, something like that where you absolutely have to go to college, then yeah, college is definitely the right option for you. But for everyone else, I would definitely question on why you're actually going. Is it just a pleasure of parents? Because I don't know what to do in my life. So I'm going to sign on to $50,000 of debt that I'm not going to pay off for like 50 years. I would just push people to question that. Sure. Yeah.

59:00Now you're a smart guy. You figure out a lot of things yourself. But even for someone like you who's way above average in the smart category, do you not think that even if you weren't becoming a lawyer or doctor or something like that, that if you went to a place where you actually had good professors, forget the cost for a minute, that could guide you in directions that you can't necessarily just find on your own automatically that there wouldn't be some value there. Yeah, I think the biggest value I see in college is some Ivy League school like Harvard or whatever, where the networking is actually definitely worth it. Oh, yeah. Because you see a lot of actual successful people come out of those schools. And like a lot of them are rich parents, so you get connected with these rich kids. So I think there's definitely value in that. And yeah, some professors have really affected my life in a positive way. So I definitely see value in that. But in most of these cases, if you're going and you're just going to go and you don't

1:00:01have like any actual direction, I think it's a pretty bad decision to sign on to all that debt. Yeah, like you said, you're fucking 17, 18 years old. What do you know? I remember the first three videos I did, the first three episodes of the podcast were literally on like the college debt scandal, which that's what I call it. It's like a scandal. What's happened here? And once you actually dig into the numbers of what kids are being, or being asked to take on, and then, you know, I came from the finance world, so I know at least a thing or two about interest rates. Damn, well, not an expert and all that. But I could tell you, you're sign something that says, you know, fucking 7% when you're 17. And you're going to go get a gender studies degree and have a fucking $35,000 a year job in New York coming out of college, and you think the math's going to math on that? Yeah. It's like, I don't, people want to say, well, you should have known what you're doing. I was a fucking idiot when I was 17, 18, how the hell would I, like, I'm being told, you got to go to college, have a good time, fucking, you know, get the job, get the degree, and drink smoke and fuck on the way. Like, that's what you're supposed to do, college, baby.

1:01:03Like, how do you change that when, you know, the kids are expected to just do that? Like, we're suddenly going to be like, no, you don't have to go. Well, I think things are changing right now. Like a lot more people working up to how bad college is, a lot more students are questioning it. And yeah, on that point with the interest rates, yeah, the stock market goes up by like an average of 10% per year. Yeah, all those wonderful stories of compound interest that you hear, it works in the opposite direction too. Yes. With debts. Like, if you're, if you have like 7% debt, and like the example is if you are in 7%, you're going to become a millionaire in 50 years, the opposite is also true. You're going to be in debt by like a million. There's a world where legends race across city skylines, romance blossoms in glittering ballrooms, and there's magic around every corner. It's a world known to many as great Britain.

1:02:08You've seen the action on screen. Now visit the real star of the show, visit Great Britain. To discover more, go to tripadvisor.com slash Great Britain.