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The speaker asked Chat GPT how much money the Pentagon had unaccounted for in its last audit. Chat GPT initially stated the Pentagon had about $220 billion in assets. The speaker thought the figure was closer to $1.5 trillion and corrected Chat GPT. Chat GPT responded that the speaker was correct and that in its most recent audit, the Pentagon could not account for $1.5 trillion in assets. The speaker then prompted Chat GPT to put $1.5 trillion into perspective. Chat GPT stated that if you spent $1 million every day since the birth of Christ, you still would not have spent $1.5 trillion, and it would take over 4,100 years to reach that amount. The speaker emphasizes that $1.5 trillion is just the amount of money that is unaccounted for.

There's even more bad news as China's economy exposes a deeper problem in shadow banking. The shadow banking sector is estimated to be worth at least $3,000,000,000,000, and that's in China alone. And it all started with real estate. The country is facing a financial meltdown. Every week, there is a new headline about its impairments.

In 2008, I faced a tough decision with around $30-40 million left. I had two options: invest it all in one company and let the other one fail, or split the money between both companies and risk losing both. It was like choosing which child to let starve. Unable to make that choice, I decided to divide the money between them. Luckily, both companies managed to succeed in the end.

I work in risk management at MBS. We package new products combining different ratings, but it takes too long. The assets are essentially mortgages, allowing us to take on more risk without notice. If these assets drop by 25%, we could lose more than our market value. The market is slowing down, and if it stops, it will be much worse. My job is to predict the future, but right now, I hear nothing but silence.

Speaker 1: Well, the intersection with the global financial crisis specifically is a wild story that to be truly told, you need to put the evidence on screen as well. But the short version is that he had a company called Liquid Funding Limited that was domiciled in The Bahamas that was partially owned by Bear Stearns. And Bear Stearns, you know, is where he had come up for a long time. And Liquid Funding Limited was selling CDOs, the same types of CDOs that eventually caused the global financial crisis. It was capitalized at, I believe, dollars 100,000,000 and allowed to sell $20,000,000,000 with a B of CDOs. Speaker 1: And I actually just was looking at that statistic earlier today because this is the craziest story. And that little CDO factory that Jeffrey Epstein was running tied into Bear Stearns. And if you recall, Bear Stearns was one of the, you know, the first to collapse, right? That shut down in the months directly preceding Bear Stearns starting to collapse. And Jeffrey Epstein redeemed all of those CDOs, all of those assets. Speaker 1: The terms are I don't know the technical terms for what he did. But basically, he made a run on the bank on those exact assets that were the exact problem. And he was tied into the exact bank that was financially distressed. And then he wound that whole company, Liquid Funding Limited, up and disappeared. And later, JPMorgan, the bank that he later worked with after, you know, Bear Stearns was his early banking career, and then he later was doing all of his money laundering and banking and referring of people at JPMorgan, They came in, swooped up Bear Stearns for pennies on the dollar. Speaker 1: They also later spun Liquid Funding Limited back up. There's a whole There's a very overt financial paper trail that Jeffrey Epstein was better acquainted with the problem than almost anyone in the world because he was deeply enmeshed in Bear Stearns and knew the leadership of Bear Stearns very well. And he understood CDOs, he was selling CDOs. And then he just so happens to wind his whole shop up and close it down and redeem it all right at the moment when things are about to go bust. So, that's a wild rabbit hole, and it's very interesting. Speaker 0: I mean, what is that? I mean, that suggests Well, it doesn't suggest it's like direct evidence of, if I'm assuming we can verify what you're saying, that the biggest events in the world are actually not quite as organic or accidental as we're led to believe and that, you know, this is like puppet master stuff. Mean, it is. I don't know what to say. I don't want this to be true, Speaker 1: but Speaker 0: that's what it looks

There is a pool of $50,000,000 in subprime loans. The market for insuring mortgage bonds is 20 times bigger than actual mortgages. If the mortgage bonds were the match, CDOs were kerosene soaked rags, then synthetic CDOs were the atomic bomb. Mark Baum realized the world economy might collapse at that moment in a restaurant.

We are facing potential lawsuits and financial burdens. If we owe $20,000, we will be finished. If it's $10,000, we will be in trouble. We have already made a purchase. Today, we need to borrow a significant amount, ranging from $30,000 to $50,000 or £50,000.

Wealth manager Zhangji Enterprise filed for bankruptcy. "$64,000,000,000 in liabilities is what the company has flagged already." Zhangji says the liquidity is dried up, but the the amount that could be recovered from these asset disposals is expected to be low. And this is a little bit of a surprise for investors because they thought going back a few months, there was a government inquiry into this. They thought, well, maybe we'd be able to avoid liquidation, and, there would just be a little livestream put out to the company. But, no, bankruptcy is the case, and it looks like the investors in the company, the equity holders, are gonna lose about 75% of their cash.

Ice cream is great, but let's talk about BlackRock. They own a significant portion of U.S. banks, major pharmaceutical companies, and mainstream media, overseeing 10% of all stocks traded globally. Managing over $10 trillion in assets, which is half of the U.S. GDP, they hold 18% of Fox, 16% of CBS, 13% of Comcast, and 12% of Disney. BlackRock is also the largest institutional investor in Google, Facebook, and Amazon. Additionally, they are purchasing homes, contributing to inflated housing markets, leading to a future where you might own nothing and be content.

People underestimate the amount of cash GME has now. The market cap of GME stock is 9, and they raised half their company's value in cash. This is like paying almost 2 times book for the company, with significant brand value and nostalgia.

We can't track $2.3 trillion in transactions. That's two trillion, three hundred billion dollars.

I was hopeful for myself and everyone around me, believing in a brighter future and my dreams coming true. Unfortunately, that hope hasn't materialized. Instead, I've ended up with more debt than I ever imagined. How did this happen?

I am becoming increasingly frustrated with the massive amounts of dishonesty and manipulation, totaling trillions of dollars.

This is an ATM. I am transforming the traditional banking industry with x.com. I am not your typical banker. I have raised $50 million through phone calls for x.com, my new internet banking and mutual funds company. I have invested most of my net worth into x.com. It has the potential to be a multibillion dollar success in the largest sector of the world.

China's property bubble has claimed its biggest casualty yet. Evergrande has been delisted from the Hong Kong Stock Exchange. It used to be the country's largest developer. Evergrande was buried under more than $300,000,000,000 of debt. It promised homes to millions of buyers but left behind empty towers and unfinished projects. It shattered confidence in China's property sector, and now the company is being liquidated. Evergrande's creditors face huge losses, and China's economy faces deeper troubles. The Hong Kong court had already ordered its liquidation last year. Evergrande was once China's largest developer. It is now the world's biggest property failure.

Speaker 0 presents a sequence of large-scale financial figures: - From 1998 to 2015, undocumentable adjustments at DOD and HUD amount to 21 trillion. - Bailouts between 2008 and 2012 amount to 29 trillion. - Adding 21 trillion and 29 trillion yields 50 trillion. - Going direct injections after the going direct reset began in 2019 during the pandemic amount to another 5 trillion, bringing the total to 55 trillion, not counting quantitative easing. - He concludes, “we don't have a financial problem. We have a bank robbery.” - He notes that in the annual wrap-up, a new chart was created and released on social media showing the numbers.

I don't care about money. I have hundreds of millions in Bitcoin but don't spend it on fancy things like real estate or yachts. My focus is on Telstra. I don't own big assets like an island in Hawaii because my priority is freedom.

The plan is to have Toys R Us sell all of its U.S. land to a sister real estate investment trust for a low price, then lease it back at a high price. Next, the warehouses and back stock will be sold to a liquidator, possibly with the warehouses leased back as well. This will leave Toys R Us unable to make payments and force them into bankruptcy. The remaining assets, mainly intellectual property, will be bought at a fire sale by one of the speaker's sister private equity firms, then sold to Macy's. The final step is to buy Macy's and repeat the process.

When the economy and the real estate market plummeted in 1990, attorney Alan Pomerantz says Trump owed $4,000,000,000 to his debtors, including that billion dollars for which he was personally responsible. Because he personally guaranteed so much debt, the leverage shifted dramatically over to the banks because it was no longer an issue of a bank and a piece of real estate. It was a bank and Donald Trump's actual survival. Trump owed money all over town to 72 banks in all. Pomerantz represented them as a group. How close was he to going personally bankrupt? Very. Trump makes a point of saying he never went personally bankrupt, but there's a reason why the banks decided to keep Trump whole. We made the decision that he would be worth more alive to us than dead. Dead meaning in bankruptcy. Bankruptcy. We want him out in the world selling these assets for us. So you wanted him alive because he was a salesman and could best sell his own properties? That's correct. We kept him alive to help us.

I discovered the ownership structure of BlackRock, which is a major shareholder in many corporations. While Larry Fink founded BlackRock, he doesn't control it. The real control comes from Merrill Lynch, which owns 45% of BlackRock, but this isn't reflected in the top institutional shareholders list. Merrill Lynch is part of Bank of America, which was acquired during the 2008 financial crisis. Warren Buffett, through Berkshire Hathaway, is the top shareholder of Bank of America. Interestingly, despite owning a significant portion of BlackRock, neither Merrill Lynch nor Bank of America has representatives on BlackRock's board. This raises questions about their influence and governance. If anyone has insights into this unusual situation, I’d appreciate the information.

I bought more GameStop today. Who here owns GameStop or Bed Bath and Beyond? Has anyone hired a lawyer to fight for Bed Bath and Beyond? You should.

I have $2 billion in the bank. GameStop's recent events. Roaring Kitty returned for a week, stock hit $80. We're not backing down. GameStop is back, close your shorts and move out of the way. Translation: I have $2 billion in the bank. Recent events with GameStop. Roaring Kitty returned for a week, stock reached $80. We're not giving up. GameStop is back, close your shorts and step aside.

During the 1990 downturn, attorney Alan Pomerantz says Trump owed $4,000,000,000 to his debtors, including that billion dollars for which he was personally responsible. Trump owed money all over town to 72 banks in all, and Pomerantz represented them as a group. How close was he to going personally bankrupt? Very. The banks decided to keep Trump whole, "We made the decision that he would be worth more alive to us than dead. Dead meaning in bankruptcy. We want him out in the world selling these assets for us." So you wanted him alive because he was a salesman and could best sell his own properties? "That's correct. We kept him alive to help us."

Do you remember Sam Bankman-Fried? He was seen as a genius, so powerful and wealthy that he attended meetings with prominent figures like Bill Clinton and Tony Blair while looking disheveled. Where is he now? I believe he is in prison, as noted in a Netflix series. That's right, he’s a crook. And who was responsible for his downfall? The Department of Justice.