Drinks with Raoul: Rate Cuts, Liquidity Coming & the Banana Zone

31:45Just, I mentioned this a lot. Just realize I'm just trying to do the best I can to help. I'm not trying to diss your coin. I'm not trying to do anything against you. I'm not trying to scam you, shill you, do anything. I am just doing what I'm doing myself. And I'm telling you what I'm doing. And if you don't want to do that, that's good too. If you want to come along with me for the ride, that's fine too. I don't have all the answers. I will not be the best in the world. Anyway, just wanted to tell you that because, you know, I actually worry and you guys know this time. Nala is barking again.

32:18I don't know why. She's deaf. She can't hear anything. So she can't hear that she's barking. But yes, I mentioned this a lot. is this space is some of the most delightful, wonderful people. We're all in this together. We're all trying our best. And it's also just some awful, awful people who just want to just be spiteful about everything. And it's really Tarsen when you're, you know, I mean, I work 14-hour days. I can do other stuff, but I don't. So anyway. Nala's not going to stop barking, so you're going to live with Nala as well as I have to. Okay, so talking of Real Vision, so Sui, I will write stuff in Global Macro Investor.

32:59We already have. I'll write some more. Real Vision Pro Macro, that's coming there. But I talked about the reason for starting Real Vision. We started in a village in Spain, ended up forming it in the Cayman Islands. But it was really about democratizing financial knowledge. because back in 2014, you had no access to hedge fund managers online. You had no access to analysts and strategists. It was all behind a paywall. It was all behind the banks and nobody going to shut up. I'm going to go and kill them. Wait there. In fact, if you're not signed up to realvision.com, use this as an opportunity to sign up because I'm going to talk about some Real Vision stuff.

33:40So you go there and I'm just going to quietly ask my aging deaf dog to shut the fuck up.

34:04This is Nala. Oh, you can't see her. She is here. I've rescued her from barking at, we don't know who. Cats? A lizard? We're not sure. But Nala World is that. So you're now on realvision.com. You can now see it's quite a different experience. We've got all the cool shit going on realvision.com. But one of the coolest things that we do is we've been building out part of the platform. In fact, I'm going to share the platform. Let me just bring it up.

34:43Okay. So here's the Real Vision platform. Those of you on Real Vision, you know this all too well, with content that's trending, the chat sessions, the group chats. But what I want to talk about is the trade ideas. So here's some of the trade ideas on the right-hand side. So somebody's got WIFT, Doge, Cardano, BTC, and these are a lot of crypto ideas. But really, when I go to the Knowledge Center and look at the trade ideas, there are thousands of trade ideas from members of which we can sort by stuff like past returns.

35:33So Injective, that closed. Ilya Sipkin. We can find out actually what Ilya's got other trade ideas. It's got three trade ideas running, two killers, one closed in pith, didn't do so well. The winning one is Oleg right now. He's only got one idea. Idea is the best performing on the platform. But look at these ideas. Incredible. So many cool ideas. So I spoke in the, was it on YouTube or something else? Here's my Tesla idea. Somebody wrote it up, stuck it in here. People have got comments written about it. Alexander put it in there. And these trade ideas are really interesting. But this is the start of where we're going.

36:24So I'll stop sharing my screen. No, in fact, what we've actually got going now for birthday month is a competition. It's a competition for trade ideas. And what we're doing is we're ranking trade ideas by best performers till the end of October. And these are only for Real Vision paid subscribers. You need to be in the plus tier and above to enter the trade ideas and to read all these trade ideas. The value is 20 ,000, 30 ,000, 40 ,000 members sharing ideas with each other means there's 40 ,000 ideas. This is the network effects. And as we build out the functionality, it'd be even easier to sort.

37:08but this incredible power here within the Real Vision community as people show their trade ideas. So the competition is to just ramp that up a bit to show who's really good at this stuff. And if you see that leaderboard, you can see this is a mock-up because it's going to go live in the next, let's say by Monday or so, I'm not sure. And we'll have a leaderboard for this particular competition, but this will end up being a permanent feature. We'll have endless leaderboards and competitions, trading competitions. You'll be able to find each member, what their other ideas were, how good they are, the kind of success rates that they have in their trades.

37:46You'll be able to message them directly on the platform. It's really going to start bringing stuff even further alive. And there's a bunch of prizes. If I look at some of the prizes, I'm trying to find out what the prizes are. We've got everything from,

38:09as ever. I'm so disorganized. Let's look at Taryn's messages on Slack. We've got the top three best performing trade ideas and the top three best reasonings for trade, because the reason behind a trade is really important, because it's probability. You may have the best reason in the world and have 75 % odds, but the 25 % happens and you don't win doesn't make it's a bad trade as long as you have good risk management. It means you had a bloody good trade that didn't work out, but your reasoning's good. So we want to judge people on reasoning as well. The prizes for the top three of each category are upgrades of the tiers or extensions if you're already pro all access.

38:50A winner will get a one-on-one session with me for an hour to talk about whatever you want to talk about. I'll help you with your portfolio, talk some through ideas, stuff like that, free membership extensions, a six-month subscription to the Exponentialist, which is the research service I write with David Matten. And you know what? I might throw in something else as well. There'll be plenty of merch around. But really, this is for you guys to cut your teeth in competing and to try and show what you can do for yourself and to flex a bit in the community and is to learn from each other. And what we want is using that spirit of competition We want everybody to get better.

39:34So don't worry if you're lagging and not doing well. Look who's doing well. Some of them, a lot of the ones, will be lucky. They'll have got the right place, right time. Others will have really thought it through, but you'll all learn from each other, and you'll have some great ideas of which you can all trade yourself with.

39:56So I'm going to do a trade idea myself. So Nick, if you can show this, I'm going to add a trade idea that's already added in GMI and Real Vision Pro macro, but I haven't shared it with you guys. So here's my new trade idea. I want to buy Rocket Lab. So Rocket Lab is a publicly listed company that was a SPAC. that is now a fully listed company, kind of Australia-US, New Zealand-US, that already is sending a lot of rockets into space. They're one of the world's leaders. It's a public company. Nobody really realizes they're there. The price action is a beautiful base pattern. It's around$7 right now.

40:52I think it's going to break out. I think the story of space, the story of satellite launches, the story of how we're going to use that network, as we've seen from Starlink, is only going to expand. And it's going to go exponential. These people are really, really good. Now, I'm not going to write up the full thing. I wrote it all up, in fact, in Global Macro Investor. I won't put the entry position because everyone's got a different entry size. Stop loss. Let me look at the chart on my Bloomberg.

41:29So Rocket Labs, I think there's still a gap down at 488. I'm going to say I really don't want it below four. Now, I'm a long-term guy. I'm not a short-term trader. So that's a big downside. But where do I think this thing is going? So, you know, from what I can understand of this thing, now, after it de-spacked, it hit 25. I mean, really, I think this thing could easily hit 30 or so over three years. Now, I know this is a short-term track. In fact, I'm going to short-term it because this is to the end of October and I want to try and win this competition. It's not the best timing to get in. So I'm going to say I'm going to stop myself out, actually, if it gets to 575.

42:27Now, I got taught to do this by when I was running a hedge fund. One of our investors said the best thing ever to do is actually to write your thesis down, write your stop losses, and hold yourself accountable. And I found it's a superpower. Entry pointless here, I think, by October, I'm thinking 12 bucks. So that tells me I've got a 3-for-1 risk reward. What led to my trade? My research in GMI. I would put charts and everything else in there, but I just want to save time. This is for the trade idea. I want to submit it to the competition. Save.

43:18there's a bunch of bananas and money, and hopefully I will win. We will see. Anyway, I'll stop sharing that, but that's the trade idea. It's there to A, be fun, B, teach you about how to become a better investor without necessarily putting your own capital on the line. You may put the capital on the line. Two, it's also just being able to learn from each other, as I said, Comment on it. Get engaged. Be part of it. So what else is on my list of stuff we need to talk about? The birthday. So the Real Vision birthday is a big fucking deal. I have blood, sweat, and tears, as has the team. I mean, the people on the call, Paul, he's been around for ages, Nick, who runs all of our editing.

44:05Nick's been here since day one when we opened in New York. We've all worked really super hard to get to where we are today. and we want to celebrate that. So we've got a party going on. The party is, I need to read my notes here again. Next Friday. Yeah, next Friday. Next Friday, we've got a party. I'll be there. In fact, I think I'll be in Little Cayman, ready to write Global Macro Investor. So I'll be over in Little Cayman with a pool table behind me. There's a party there. We've got a bunch of special guests, whether it's Ovi and Mando, Mitch Schneider, Tony Greer, blah, blah, blah, blah, blah.

44:39All sorts of fun stuff going on. I'll be hosting as much. We'll also be teasing, you know, I'm teasing now a very big announcement about a big live event. I know we've surveyed you guys. We've got a big live event coming early next year where everybody can get together and have an utter blast. That's coming as well. So look forward to that. There'll be tons of merch giveaway. Now, merch. I mean, how cool is that? It's cool as shit. go to the real vision merch store nick can you pull up the real vision merch store so when you're real vision just click on the button on the left hand side for the merch store and as you scroll through you've got everything from birthday merch to banana zone merch to irresponsibly long merch to all the cool stuff i've got three or four hoodies don't fuck this up hoodies um i've got banana zone merch i've got real vision regular merch i've got special edition merchants i've got party merches and they're really really nice so knock your socks off go there and if we want to summon the banana every one of you watching this should go and buy a banana's own t-shirt and we can summon this thing together it's the collective consciousness that will make the banana come.

46:03If you don't, it's never going to happen, and we're all going to be poor. So I'll just wait for a second while you just click on ordering your Banana Zone t-shirt. We don't actually make any fucking money out of it, so it's not about making money. It's just that they're cool, and I want you to summon the banana with me. I went all the way to Africa to the source of the Banana Zone for you fuckers, so it's about time you did something for me. One, go and sign up to the Royal Vision platform, and when you're there, click on the merch store on the left-hand side and order Banana Zone merch. Because if not, I'm going to blame it on you personally.

46:39I will hunt you down like a dog and say it's your fault we didn't get the Banana Zone because you weren't wearing the merch and you didn't channel the collective consciousness that was required to make this happen. If you want the end of humanity as part of your problem and blamed on you publicly, go for it. So I'll have my drink while you just log in for some merch, stick your credit card in, get it done.

47:11Not difficult, as you can see. If you'll use Shopify before, you can bloody order merch. 10 seconds.

47:23Okay. So we're now all ready to summon the banana. now there's a bunch of you will be watching this tomorrow on YouTube it still matters that energy that collective energy to summon the banana requires you to do it even in New Zealand when you're on the arse end of the world you must summon the banana just because it's your winter time doesn't matter I'm not interested summon the banana and get your merch and then post pictures of it on Twitter the more banana zone merch we see the more powerful the banana zone it's in your hands it's not my hands not my banana zone it's our banana zone right that's enough of that shit the other thing is about the trade ideas is there's a bunch of you who've now kindly just gone to realvision.com and you're like oh my god this is amazing look i can use the ai and i i can see this map of the world in the network section i can see all the tens of thousands of members in every country in the world.

48:23And oh my God, look at the AI transcripts. And you're probably now thinking, my God, this is the coolest shit I've ever seen. And you're dead wrong. Because you need to sign up to Plus. That's when you level up from information, which is all you're getting now, to knowledge. That's when you see the trade ideas of the members. That's when you get the trade ideas from our experts. That's when you get the education to make you feel like you understand what the fuck is going on. And you can pretend to your friends that you have been educated in how to invest from the best technical analyst to how to build a portfolio.

48:57It's all there in the plus tier. Just drop down, left-hand side, education, knock your socks off, all parties subscription. The trade ideas, the larger use of the AI, the note-taking abilities, all of that is ramped up for you guys. And that's when you go to knowledge. That's when you turn the information you see on Real Vision into something much deeper. And as part of our 10-year anniversary, we've got a special discount for that because I want you to go there. If the banana zone is happening, which I've told you about, you need as much fucking information as you can. You need as much help. You want to focus.

49:35You want to zone in. And it's$99 for three months. so please go and do that the$19 for three months um is the most important thing you can do i'm actually not sure let me see if i've got a link for that offer yeah um realvision.com forward slash 10 the number 10 for our anniversary do that sign up for that if you are watching this on the platform when you're not a plus member, honestly, don't fuck this up. And how to unfuck your future is the reason why we built the plus tier and the pro tiers. The pro tiers is all about wisdom. The plus tiers is about knowledge. It'll give you that confidence, that understanding, that knowledge, and that comfort to take the risk that you need in the most intelligent way to capture the opportunity set that lies ahead.

50:36Everybody needs to be around like-minded people, and everybody needs support and advice and help. That's what it's there for, realvision.com forward slash 10, 99 bucks for three months. Just please do me the favor, sign up. If I've helped you in any way, if I've ever generated more than 100 bucks for you in my entire 10 years of being on Twitter and YouTube, then I'd appreciate if you sign up for real vision and also buy some merch and tell people about it because I've worked 10 years for this and I know I've taken millions of people down the journey and payback is good too because you know I want our teams who work so hard to feel like they're they can say I I get it because I get the comments on Twitter and LinkedIn and everything else but I want them to see i want to see people on the platform i want to see you guys engaging because we've helped you um and that's what real vision has been about democratization helping people get stopped around the world right so many people saying thank you thank the team thank the people who produce the content all the time thank the engineers the product managers the marketing people who work tirelessly by signing up for realvision.com and then taking the 99 journey to celebrate with us our 10-year journey.

51:58So that's it. The next thing is the questions. I've already gone for an hour and haven't done any questions, but there was a lot to go through and I've been away and blah, blah, blah, blah, blah. Remember, there's also a big fucking event coming and you will know about that very soon. So start saving your pennies for that because it's going to be amazing as shit. Those of you that came and experienced a few years ago, you'll understand what I'm talking about. So more to come on that. Taryn in marketing told me I couldn't say anything about it. I've now said too much, but that's me. Right. So we're now running wildly over.

52:34Luckily, Anoush is out, so I'm just going to pour myself another glass because I don't have to deal with being shitfaced for dinner because she's not here. She's out. Right. I'm going to start in the chat first. I'm so far behind. Yeah, I mean, there's thousands of messages. So we're not going to do all of these. Godwin. Godwin Tamale. Hey, Ralph, this is Godwin from Uganda. I've never been to Uganda. I'm desperate to go. I've heard amazing things. My question about Bitcoin being a risk-on asset was, listen to the bankless, the blah, blah, blah. It's a bad narrative. to...

53:24Okay. What is Bitcoin as an asset? It is a risk-on asset driven by liquidity, but it's a defensive asset because it works against the debasement of currency. That's really what it is. Godwin, I've given you the thing on SUI, and one day I will see you in Uganda because I'm desperate to go.

53:50Nala, sorry. Nala's now asking for snacks. I can't give you snacks. I'm actually on camera. I know. I know. It's Nala World and I live in it, but I can't help you.

54:05Raymond Blast, hope you had a great verification, Raoul. I was wondering what caught your attention of alts breaking out against Sol via charts. Nir, Sui, Kasper, to name a few. What others have caught your eye? As I've said, I've focused on Sui. because it's broken out versus Kasper, Nier, and everything else. So that's been my thing. Shafiq talking about Sui as well. David Kirsch. Raoul, wondering what's your take on Boxer Hathaway moving so heavily into cash lately? I don't know. I don't even follow Boxer Hathaway. Sorry. I said that flippantly. I just don't follow it. I'm not a Buffett groupie.

54:43I just don't think he really adds as much value as people think. Not in recent decades.

54:54Nick Brateco. Can't pronounce it, Nick. I'm sorry. Hi, Ralph. Thanks for doing these AMAs. No problem at all. And I thank you for being on the platform, which is where I'm answering these questions from, not YouTube. On YouTube, if you're there. I do want you to tell me if you think the banana zone is coming. and in the comment section, tell me, is it one, two, three, or four weeks away or longer? So it's kind of, is it within the next four weeks or more? So Banana Zone, yes or no, how long does it take to arrive? Put it in the comment section on YouTube, on the platform. We talked about the wine selections and stuff like that.

55:39That's always good. Nick, with crypto being all of your liquid net worth, how do you manage your personal crypto holdings? Like how many wallets do you use, multi-sig, et cetera? I hold some on exchanges. I hold a few ledgers of which I don't have them at my house, some liquid stuff I have at my house, and then I'm opening an account in Switzerland. with Signum as a multi-sig storage as well. And I have a bunch of other stuff. So I don't really like to talk about security that much. But yes, I spend a lot of time on it. So I don't just leave a ledger lying around or just leave it on my phantom wallet.

56:28I have some shit on my phantom wallet, like a few grand or something. Ravenda, did you bring us bananas from Africa? Yes. the baboons actually I spoke to the baboon tribe in the Luangwa northern Zambia and they said if you can get the collective conscious to think about bananas and by that I think buy Bananas Zone t-shirts the Bananas Zone will arrive and I had extreme danger I mean you have no fucking idea what was going on when you got lions attacking hippos and elephants breaking trees at the same time outside your tent for you guys to get the fucking banana zone. I'm sure I won't get a word of gratitude either, and that's fine.

57:19I risked my life. Two of our friends are in hospital with sleeping sickness from Tennessee flies to bring the banana zone home. Buy the T-shirt, summon the banana. Okay. Next question. I'm going to have to fling around. Jonathan Padgett, welcome back, Raoul. I'm calling bluff on Powell being data dependent. Overall trend is easing. He'll play dumb when CPI begins to pick up next year. Shouldn't pick up until later next year. And headline will pick up first and call will be lagging. We've gone through all of this. Are we seeing any movement in the TGA yet? No, that will be later after the election.

57:59And it won't be emptied by the end of the year. It'll be emptied over next year. So basically, there is more liquidity to come. Stephen Friedman, have a glass of Old Vine Zinfandel ready to go, some salted cashews and macadamias. Great. Sounds like that's African. Zinfandel, macadamias, maybe even South Africa, in which case, cheers. Maybe not.

58:25Sui, sui, sui. Salana, salana, salana. Love them both. Keep going. Anna Terra. Hi, Ralph from Portugal. Pleasure to be here. Anna, love Portugal. Beautiful place. Spent a bit of time there recently. I've been a Spanophile, obviously, but Portugal is gorgeous. Had some nice wines from there, some amazing food there, and what a stunning coastline. Water's a bit cold for me, however. Nick Carrere. Good evening. We'll all be starting shortly. Thank you. That's Nick who's editing this. So that shows how far behind. I'm going to have to keep scrolling through. I'm so sorry. This got caught away with me.

59:09Scott Ludes. This was at 5.32. This was half an hour ago. I'm so sorry. What chart should a Philistine that doesn't have a Bloomberg terminal watch? Sounds like your home screen is the ISM and the SESI. It's really simple. Subscribe to Real Vision Plus and macro investing tool. Julian Bittle will give you everything you ever needed, and make you sound like a genius in front of your friends at cocktail parties. So honestly, Real Vision Plus, the macro investing tool, is a fucking amazing product. It's my 35 years of business cycle investing and Julian's 15 years or so. And he's literally the best in the world at it.

59:50um blah blah blah blah blah

59:57Marcus Hibbard put your hot wife on laugh out loud my hot wife has gone out for dinner with friends hot wife's also climbing Everest in April by the way um she's fucking amazing uh

1:00:13Robert Curry hello from the UK hey Robert you're up late um Gregory and Sanetti. If you were limited in your liquidity, would you choose Sui over Solana? Well, I've talked a bit about this. No, I would not. Because it's inherently riskier. It's early stage, less adoption, less proven. So yes, you can allocate to it, like anything you want. But Solana's a much easier bet. And it looks like to lose money. So I would just be cautious.

1:00:52um timothy aldin would you tip us off when you dump so what question is that yeah i don't move markets being my size is not enough to make any difference to anybody and b and c if you are a pro macro or even better global macro investor subscriber oh yeah you'll get my entry levels and my exit levels and my recorded track record for the last 20 years um actually gmi's got without question the best track record of any research service I think in history, over a 20-year period, which I cannot believe. I've had some shit years in that too. But the track record is ridiculous, which I'm really, really, really, really proud of.

1:01:32But my God, I've got gray hair to prove it.

1:01:38Justin, if the Treasury keeps issuing more and more short-term debt, could that affect the length of the cycle?

1:01:48I don't, you know, I actually don't know, Justin. I'm not sure. It's a good question. I'm not sure. I don't think so. I think it just means that it drains the reverse repo. And then once the reverse repo is gone, they'll have to end QT and go to QE. So probably not. But I also do think that they have been using the short end, draining the repo, and eventually will roll once rates are down 2%, they'll roll the four-year debt forwards at lower rates. I think that's the game. Steve Friedman, what platform can we buy Sui here in Philistine land? Homebase? Kraken? Anyway. It's a big fucking token. It's like, turn off billion, three billion

1:02:38market cap or fully diluted, like nine or something.

1:02:45um david atch i use 20 to 30 different chains wow you are a fucking dj i love you sui blows all the other chains away in speed performance and tech anyone doubts it spend five dollars on it and see for yourself i appreciate that david um just you know because people just think i'm just um promoting stuff because i'm on the board and i'm gonna get paid and blah blah blah all that utter bullshit so thank you for giving us a honest opinion know um and a and chin appreciate appreciate it all well i appreciate you and great t-shirt

1:03:23um gregory antonetti who hurts you rowel uh it's um i presume that was about what happens online it's like i'm so tired of all i'm trying to do is help people and i get really tired of reply guys and oh my god he bought eth at the highs without realizing that i'm still up 1100 in eth or whatever the number is and there was call options and then people accusing me of terror luna which was utter bullshit i've got recorded track record of everything i've recommended and it just attacks after attacks and he's shilling he's scamming and i'm so transparent i've been in this far too long i don't fucking need the money to shill and scam.

1:04:07I'm just trying to help people. So that's what hurts me. Gaz, we can't hear Nala. I'm trying to see if I can... I don't want to fuck up my camera. She is... You can just see the top of her head there, possibly. There. She's always around me. Little Nalzy is getting old now. We lost a sister. earlier in the year. And so she's like my little shadow these days. Just push that. Oh, no. Push that down.

1:04:49Sorry. Just I'm going to get shouted out by Nick if I don't get this right. Nick is a, you know, he's an authoritarian dictator, so I need to be careful of him. And Chin, maybe I'm talking very short term, but why is Salon underperforming recently? We asked this question today at the Exponential Age Asset Management Investment Committee meeting, and really it's the unlocks. The people who bought some of the FTX estate, some of the stuff is getting unlocked, so people are seeking liquidity in some of that. So I think it's more temporary than anything else. I think I've sure got my camera too high.

1:05:32probably still is now but I've given up

1:05:38Noel can't hear you're good Marcus Hibbard go and fuck your shit thank you the best way of unfucking your shit is actually joining Real Vision Plus for$99 for three months I keep asking you to do it I can't lead a horse to water I'm trying to give you every tool you've got, from education to networking to incredible trade ideas to everything. It's all there for you. You just need to take it and not be lazy and think the world will save you otherwise. We all save ourselves together, unfucking our future. Rich Lovelock, are we expecting an almighty flush-out dump before Banana? I'm not. Maybe you are, maybe you aren't.

1:06:25I think we've had enough bloody ups and downs. It's banana time. That's what I'm going to say. It's banana time. Norm, trying to learn from everyone this, prayers for your friends in South Africa. Yeah, I need to go and message my mate who runs the hospital here to find out because we need to get tested as well. Like the doctors in Zimbabwe, like all your friends need to be tested. You know, it's fatal if you're not careful, if you don't get it early enough. So, yeah. Yeah.

1:06:55Capstone Group. We can attest that Raoul, from a macro-investing perspective at least, has been on point more than the talking heads on TV. I don't know if that's a plus point, but I'll take any victory I can. By the way, I've just found this on my desk. Talking of banana zones, Julian Bittle tried to ship this to the Cayman Islands. He got shipped back again. He then had to bring it to Spain.

1:07:22It's a banana man. This is to summon the banana. We are all doing what we can. This banana man went from London to the Cayman Islands, got stopped in customs, got sent back to London, then went to Mallorca, came to me, and I brought it to Cayman. That is what it takes to summon the banana zone. Anon, do you have what it takes? You need to summon the banana. Okay, more questions. We're now 15 minutes over.

1:08:06Timothy Alden, it was behind a paywall. Dude, I love you, but do you got some substantial paywalls? I don't know what you're talking about, but, mate, I've got staff to pay, so really I don't care whether you want content for free. People are going to make some money. And we've got shareholders too. oddly enough they don't want us to give away everything for free it's weird that isn't it you know communism flavour of the day not here at Real Vision but we do want to help people Rob LFG congrats on the success of RV takes guts and serious work ethic to pull this off yeah it does a lot of fuck ups as well a lot of learnings but yeah it's been a lot of work and it's taken a lot of guts I'm the only co-founder left they've all fucked off um

1:08:53love the economics data tab from rob where you pull in all the macro data yeah on the platform as well the data center has all the data you need you can do all the charting you need all of the financial data is all there on the platform most of you guys haven't checked it out because you think it's all about video yeah i've got a fucking clue it's much more than video in fact if we go to where we're going. Video shouldn't even matter.

1:09:20Here's a fabulous one. GVAN, September 18, 2004, 50 basis point rate cut. September 18, 2007, 50 basis point rate cut. The market's going to collapse. At that point, the business cycle was at the peak and falling. Inflation was at the peak. this inflation has been falling and the business cycle is at the bottom it's just like this is banana stuff please don't fall for this overly dramatic the world is going to fall you will only go to the poor house if you listen to doomsters do you listen to doomsters at the peak of the business cycle when it's starting to lower then you dial up that dial if not tune the fuckers out They will lose you more money than anybody.

1:10:08It's so damn alluring. Here's inflation. The moment they cut, the 70s is coming back again. Tell them to fuck off. Every time they show, here's Cisco versus Nvidia, it's all about tell them to fuck off. They don't know what they're talking about. Cisco, earnings versus price. Nvidia, price earnings on a forward basis is cheaper than bloody Costco. It's like these people are there to sell stuff based on fear, and they make it sound smart. Please don't do that. I have been part of that. I didn't do it to sell stuff, but I had that lens. I've learned. A secular trend, crypto, macro, crypto tech, it's so easy.

1:10:54Follow that trend. Tomorrow's going to be more digital than today. Rich Lovelock, SUI and global liquidity are almost identical pattern. Of course they are. Everything is.

1:11:14because there's a lot of sui stuff i've kicked that off i didn't really mean to kick that all off i tend to just talk out loud quite a bit just to because i like thinking out loud and i like the feedback i mean the canons knowledge doesn't give a shit my wife doesn't care about sui versus lana So I tend to talk about this stuff, and suddenly it becomes a thing. But, you know. Michael Minney, thank you, Ralph. Bought a stake in Rocket Lab based on the last information in the MIT report. Yeah, Rocket Lab, really interested. Quentin Baumgardner, love Rocket Lab. He's been selling puts under the market, using the income to stack spot shares, slow and steady.

1:11:54Quentin, Michael, write the fucking thing up in the trade ideas or in the notes section, please. This is a really interesting multi-year trade. and I want you guys to write it up because I think people should learn from this. I think it's a really good trade. I really do. Rocket Lab fans need to watch the space, the HBO documentary Wild World Space. I don't have HBO. I need to do it, and it's putting bloody a VPN on my Apple. It's just a pain in the ass. If you win, can I meet with you for one hour? If I win, Ann Chin. If I win, can Anne meet with? Sure, Anne, we'll go for it. I don't think I'll win.

1:12:40Ralph Humphrey. Hey, hey. Hey, Ralph. Noel, we summon the banana. Buy T-shirts, you fuckers, Matthew Moon. Summon the banana.

1:12:53Timothy Harris, waiting for the banana T-shirt orders. Yes, Timothy, order your fucking banana. If we don't summon the banana with a collective consciousness, we don't have the power. The Real Vision community will power the banana. Just joined RV and a chilled aged glass of kava appeared immediately. That's what happens when you join RV and suddenly out of nowhere comes a chilled glass of kava, maybe some olives, some toasted almonds, because that's the world we live in in Real Vision. It's kind of a refined, civilized, bit humorous, down-to-earth place. Jesus, I've drunk over half the bottle now.

1:13:35What proof is that Spanish bubbly? Great question, Todd. It is, as all Method Champenoise are, it's 12%. That's why I like Method Champenoise, Champagne, Cava, is you can't fuck around with it. Right, I'm going to my last questions. I'm sorry.

1:13:56Deepak brought a banana T-shirt. We'll get you your T-shirt photo from New Zealand. Love it. I don't know how we deliver those or how the distributors deliver those from New Zealand. Excited. Okay, I'm going to go to the last question in the chat just because. Dennis, ordered my banana shirt. Good man. And sign up for Real Vision Plus. If you haven't done that, then you're just going to be sitting there in your banana shirt and you don't even understand what the banana zone is or all of the work that Julian Bittle and myself have put into that. so do that Robert Kaufman comment of the evening ignore the doomers yes please somebody keeps putting serve Christian Guidi serve serve I don't know I presume it's a token I've never heard of I hope it works out for you Raoul do you have any surfing in the Cayman Islands I am the least coordinated person in the world it's like Bambi on ice so to put me on a surfboard is a fucking disaster I used to kite surf not kite surf windsurf Badly.

1:14:58I do ski. Okay. Surfing, no. There is a bit of surfing. Not great. Kiting is probably better.

1:15:10GH, today is 153 days since the Bitcoin halving. The banana zone has occurred around 160 days after halving previous cycles. To my point. Soon come.

1:15:25Oh, great question. yoke nose yoke nose eight what are your thoughts on the new jungle track let's go back i saved it i haven't bloody listened to it yet i need to go back to it uh and listen to it thank you i'm gonna do that right now because i absolutely love jungle they're just the coolest band this is not jungle the uk dance music style uh which is cool too it is a uk kind of groovy disco funky soul just amazing group uh jungle so um i'm gonna go and do that now listen everybody thank you i'm sorry i've rambled on drunk too much carver in all of my snacks um giving you my holiday photographs force you to buy t-shirts uh to pay the 99 to subscribe Think about the trade competition, the trade ideas, where we're trying to go with that.

1:16:26I want to have that one-on-one call with you guys. I'll think of some other prize as well to throw into that to get you guys to do that. It's only for Plus members as well. Sorry about the site crashing earlier. There's a lot of people to log on to these sessions. It's kind of overwhelming to the site. Love you all. Thank you for being part of our 10-year journey. Remember the birthday party on the 27th. Remember, there's a bigger party to come somewhere in the world soon. There's a bunch of member meetups, Real Vision members, some stuff going on in London and all around the world. Just keep peeled, keep on the platform, keep involved, keep lucky.

1:17:06Love you all. Take care out there. If you're on YouTube, realvision.com.

1:17:21Have you ever wanted to trade Bitcoin but haven't dared try? With Plus500 Futures, you can trade crypto without the hassle of opening a wallet. With just a few clicks, you can register and start practicing with their free and unlimited demo. See a trading opportunity? You'll be able to trade it in just two clicks. Feel ready? You can move to real money with as little as$100 once your account is approved. And the great thing is that in addition to crypto, Plus500 gives you access to a wide range of instruments. S &P 500, NASDAQ, gas, and much more. Explore equity indices, energy, metals, forex, and beyond.

1:17:54With a simple and intuitive platform, you could trade anytime, anywhere. Experience the fast, accessible futures trading you've been waiting for with Plus500. With over 20 years of experience, Plus500 is your gateway to the markets. Visit us.plus500.com to learn more. Trading in futures involves the risk of loss and is not suitable for everyone. Not all applicants will qualify. Plus500, it's trading with a plus.