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✔️ Top 50 Bitcoin entities hold ~42% of supply
✔️ GameStop Pledges 4,709 of 4,710 BTC as Collateral
✔️ Morgan Stanley's spot Bitcoin ETF got an official listing announcement
✔️ Sketchy oil trades before trump announcements
✔️ Irish authorities cracks open a long-inaccessible bitcoin stash
✔️ Starbucks Drive-thru accepts bitcoin!
✔️ Strategy $MSTR CEO buys their own preferred shares
✔️ Metaplanet Shareholder meeting takeaway
✔️ Bitwise Joins Lombard’s Bitcoin Smart Accounts to Help Unlock Institutional Yield
✔️ Walmart is rolling out dynamic pricing to every store in America.
✔️ Sources:
► https://x.com/rhinobitcoin/status/2036839022421475699?s=52&t=CKH2brGypO5fEYTgQ-EFhQ
► https://x.com/btctreasuries/status/2036751448701301061?s=52&t=CKH2brGypO5fEYTgQ-EFhQ
► https://x.com/bitcoinmagazine/status/2036833434006327396?s=52&t=CKH2brGypO5fEYTgQ-EFhQ
► https://x.com/chrismartenson/status/2036606225287201100?s=52&t=CKH2brGypO5fEYTgQ-EFhQ
► https://x.com/tftc21/status/2036619972240408643?s=52&t=CKH2brGypO5fEYTgQ-EFhQ
► https://x.com/saniexp/status/2036575217317810396?s=52&t=CKH2brGypO5fEYTgQ-EFhQ
► https://x.com/BitcoinNewsCom/status/2036614785777750480
► https://x.com/bitcoinnewscom/status/2036764229219270831?s=52&t=CKH2brGypO5fEYTgQ-EFhQ
► https://x.com/lightningnewsx/status/2036606993415421989?s=52&t=CKH2brGypO5fEYTgQ-EFhQ
► https://x.com/btctreasuries/status/2036357082816061851?s=52&t=CKH2brGypO5fEYTgQ-EFhQ
► https://x.com/metaplanet/status/2036633684753653804?s=52&t=CKH2brGypO5fEYTgQ-EFhQ
► https://x.com/coinspace_/status/2036765376823087609?s=52&t=CKH2brGypO5fEYTgQ-EFhQ
► https://bitcoinmagazine.com/news/bitwise-joins-lombards-bitcoin
► https://x.com/tftc21/status/2036464151325737337?s=52&t=CKH2brGypO5fEYTgQ-EFhQ
► DONATE TO HELP KEONNE AND BILL https://www.change.org/p/stand-up-for-freedom-pardon-the-innocent-coders-jailed-for-building-privacy-tools
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Welcome back to the PLEB Underground. Good morning. I'm your host, Phil. All right. Let's dive into the topics we are going to cover today.
Top 50 Bitcoin entities are holding approximately 42% of the supply.
Is that a matter for concern? Hey, not really sure. Game stop. Game stop doing a little bit of a different strategy here than strategy.
They're pledging 4,709 Bitcoin of their 4,710 as collateral. We're going to take a look at that story. Morgan Stanley days away from their ETF. We're going to take a look at that announcement.
You know what? There was some interesting trades that happened before Trump's announcements throughout the war. And we're going to take a look at some of those videos. Irish authorities. That's right. Irish authorities are the ones that cracked open.
A very, well, not really a very old, but an old enough Bitcoin stack. And for some reason, people thought those coins were on the move by the actual owner of the coins.
But it doesn't seem to be the case Starbucks accepting Bitcoin at their drive-through. We'll dive into the details on that one.
Is the strategy CEO eating his own cooking?
We'll take a look at that. Meta Planet shareholder meeting happens. And we've got the takeaway from that.
Bitwise is joining Lumbards Bitcoin smart accounts to help unlock institutional yield right there when I start hearing yield. It's red flags for me.
And Walmart, Walmart rolling out the dystopia. This is what's happening. Guys, it's going to be a really fun show. We're going to dive into it. Let's freaking go.
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All right. First, we say good morning. Good morning, shift happens. Good morning, Matt. Good morning, Rork. Good morning, Johnny. And good morning, CP. All right. Now let's dive into the ugly details. What happened overnight? What happened? We were at 70K yesterday when we did this show.
Oh, damn it. Anyways, so V out exchange, 68,970 new all time high on the block height, keeping my hope you're alive, 942,337 sats per V bite, three sats per V bite,
public lightning capacity 5,292. And you're getting slightly less cups of coffee this morning for Bitcoin. You're getting 15,000 was that 15,300 and one tea lots of coffee. Those are the numbers.
All right. So more numbers, speaking of more numbers. Rhino, I've been giving you guys some praise lately because you've been doing a great job with the hope. So the top 50 Bitcoin entities hold 42% of the supply. Do I care? Am I supposed to worry about this?
Now compare that to the legacy system. And this is where the signal is guys. This is the signal. The top 1% owns 43% of all global. Very big difference guys.
Bitcoin supply isn't perfectly distributed. That's okay. But individuals collectively hold approximately 66% of the supply. Yep. And I consider that to be a good thing. And you know, the other piece to it is this, right. Bitcoin is a voluntary system.
Right. Unlike the banking system, depending on what country you're in. Actually, every country I've ever seen. That's how it works. It's an exclusionary system. But Bitcoin isn't like that. You can choose to use Bitcoin or not. You can choose to accept Bitcoin or not. It's fantastic. It's just open like that.
So yeah, to me, the signal is we're doing better than the traditional financial system. That's for sure. And let's take a look at some of these these entities that own that own this Bitcoin.
Let's just making sure my name wasn't on the list. I'm just kidding.
But all businesses guys, all businesses. Now, of course, you can make the argument that some of these businesses or maybe a good portion of these businesses were actually started up by hotlers and their original stacks.
Quite possibly quite possibly.
Not a game stop stuff. I mean, so look.
I've never been a fan of this company. And it's only because I've, I mean, I've been to, I've been to game stop stores over and over again. Right. They've obviously remind me a lot of eb games.
And you could just see that for me, it just wasn't. It was one of those business models that unless they continue to evolve. Right. Like they're going to get stuck and let's face it. Right. That's essentially what happened to game stop. Now, of course, so many years ago, I'm not going to go through the whole entire history of game stop.
The TLDR is that they had about $5 billion just sitting there. Right. And he took a very small portion. And again, that's fine. You can do whatever he wants, right. Took $500 million, bought some Bitcoin.
Okay. So now all of a sudden, game stock, game stock pledges, all but one, all but a single Bitcoin that is going to stay on their balance sheet guys as their own right that they are custody.
And they're going to be using those 4,709 Bitcoin as collateral for covered call strategy with coin base. So that means essentially coin base is going to be.
They're going to be the custodian.
Yeah, I can't disagree with you. The game stop story, like the legend of it is totally different. Like I'm talking about the company itself and what I believe about its business, right.
We're not even talking about the actual story with all of the memes and the hidden messages supposedly it's yeah, like that part of the game stop story is totally crazy. And of course, right what happened with Wall Street bets, which was absolutely awesome.
So let's dive into it though. The company transferred the entire stack to coin base prime and entered into a collateral agreement that placed 4,709 of their 4,710 Bitcoin with coin base credit ink.
So at the same time, game stops sold over the counter covered call options on almost the full position with strike prices ranging from 105 K 210 K and maturities running through late March 2026.
Game stops move illustrates a more tactical income oriented use of the coin within a corporate treasury rather than a pure model commitment.
So again, right, this kind of goes back to what I've been talking about with some of these other and I'm not saying game stop is a treasury company, but what I've been talking about with these other treasury companies.
Essentially, and I know nobody wants to hear it every time I talk about it. It's like we lose I lose subscribers. I don't care. I'm not going to stop being I'm not going to stop being genuine in my message.
But these businesses right that have lowering revenues right they have less and less money every quarter that they are bringing in to keep the lights on.
They don't have a choice but to try these other methods right and this is why you're seeing a lot of these Bitcoin treasury companies that actually aren't following through on any particular business that they have with the exception of deluding their shareholders and doing financial alchemy.
To buy more Bitcoin in order to create the idea that they have a viable business so that they can then issue more shares and on and on we go.
I got to tell you, you know, game stop doing this.
If they had a viable business that wasn't losing revenue, you'd be able to point to real revenues going up on their quarterly reports, which they can't.
So to me, this is just more red flags again, not investment advice all that BS that people need to hear for some reason that because they can't take personal responsibility for their own actions, but I'm just saying for me, I just I stay away from this nonsense.
And I'm not surprised again right like that's it the fun has worn off the nostalgia of hotling Bitcoin and getting big news right as a corporation that was 2024 2025 we're in 2026 now hotling Bitcoin makes you look stupid look you're down 50% you're a moron yeah I've gone through this 1000 times before well not really a thousand but you know what I mean gone through this enough times before and yeah I've been an idiot before and that that's fine.
But yeah, obviously you see the truth come out right and that's the point the point is is that the truth is is that he doesn't really care about hotling Bitcoin.
Why would he doesn't matter they just need to make money that's it they just need to keep the boat afloat okay anyways I will stop stop about this and we will continue so moving on to more of the Bitcoin treasury Bitcoin ETF stuff.
That's right Morgan Stanley it's imminent MSBT will be the ticker and the ETF got their official listing announcements so what next week the week after very curious to see how this does also what I find of interest is that when of course when I bit was released that was the market going the market was starting to move into an upswing right so this is interesting this is an interesting play.
On Morgan Stanley's behalf because they're choosing to bring this product public probably at one of the worst times at least in terms of public perception of Bitcoin so what's the angle there and wonder.
Anyways I mean look you know quite possibly for for people that have money that are stuck in 401k's or whatever it is being able to buy this particular share from Morgan Stanley might might be a value to you you know it's it's going to be I mean look the markets down right now so.
Yep there could be some upside on that not financial advice blah blah blah okay yeah because you can't say anything.
What about GameStop but the people expect GameStop to be like steak and shake or something yeah you know ACP I don't know that's a great question like what exactly the people expect I mean at the very least I guess you know you could have I guess we could have expected that GameStop would would accept Bitcoin as a payment right for you know for the products in store right in the collectibles and all of that right maybe maybe you know maybe setting up a you know like lightning terminals or.
Obviously Bitcoin and or lightning terminals so maybe maybe that's what people expected you know i'm not really sure but I think with with GameStop though it's again this goes back to a point that I made a couple of days ago it's always a red flag for me when you have a like kind of like a cult leader type of CEO like it's no longer about the business it's no longer about the business revenues going up like you're just or the business growing and succeeding instead.
it's just about the cult of personality right this guy is so genius this guy is so great he's going to pump my bags that that to me is red flags hey good morning Phil good morning.
Alright keep it going we got a lot guys we got a lot to cover okay so.
I got to tell you I'm going to agree with with Chris Martinson on this one even though I hate the state you know it's a difficult balancing act right if nobody goes to jail for this we've entered the every man for himself stage of the empires decline and guys were talking about what happened this week where raiders mysteriously placed 580 million in oil bets ahead of Trump's social media post on Iran let's let's take a watch.
Curious thing and here's kind of where the mystery is I want to kind of zoom in on this area here so I'll kind of zoom in so you can see this is just the volumes of people going into that oil market and kind of for the most part selling.
After that Donald Trump post you can see there's this real spike in activity a lot of people going in there kind of this frenzy and that's the kind of flip side of pot of price.
I think it's all about that guy at 1048 a.m. right here that's what I think it does but look at this yeah of course 15 minutes before that Donald Trump post there was a very big amount of trading volume.
It's just so serendipitous very big in fact actually when you're looking at that amount of volume that spike and that was the biggest trading volume that we saw that day.
We're starting here just at 8 o'clock in the morning we're going through to that moment of the Donald Trump post and relatively quiet volumes not much going on in the market.
Just remember manipulation and motivation are two sides of the same coin and then all of a sudden that and if you're wondering okay maybe this was just a one off it was someone who made a lucky bet.
Have a look not just at this so this is WCI it's one measure the US measure of oil have a look at Brent's which is the kind of the European seat is the international measure of oil.
Again the same thing Donald Trump makes his post flurry of activity lots of people there but look at that 15 minutes before that Donald Trump post a very big trade now it's unclear whether it's just individual individual whether it's a kind of group of people.
But what you do know from just imputing what the potential value the noional value of those trades just on oil would be.
It is staggering amounts of money life changing amounts of money 580 million dollars okay so look obviously that seems a little bit curious right I mean for me that that seems curious however are you surprised I'm not I'm not surprised at all I mean I think it's par for the I think it's par for the course.
If you remember if you remember the previous presidency with Donald Trump it was it was also a whole bunch of a whole bunch of shenanigans and a show so I'm not surprised this is just to me par for the course.
I hate I hate the idea of invoking the state right and saying hey the state needs to stop this because at the same time it does beg the question of how free is a free market.
Right should that person be penalized right it's definitely I mean to me it definitely seems like insider trading so maybe they should be penalized maybe they should be held accountable.
I don't know but I feel like with this particular president and what we're seeing that this is like nobody cares anymore right like just nobody cares.
It's like oh well that's not a scammy is everything else happening so who cares so so maybe that's what's happening maybe it's the normalization of this behavior right that's what it is.
Hey look you just so happen to be in the right place at the right time with the right connection so you get to benefit.
Anyways.
Ah the lost Bitcoin stuff I love lost Bitcoin stories and this is exact these types of stories are exactly one of the reasons why I don't I really don't like the idea of lost coins or something like that being repossessed and then redistributed or whatever the hell it is.
Okay like whatever the hell that is whatever mental gymnastics people are doing to steal from other people this one of the reasons because guess what your Bitcoin could be sitting there for years okay could be sitting there for 10 years and it doesn't move and then it will.
Yeah normalization of Washington behavior agreed agreed all right so here we go post from sanny you aren't falling if you aren't following sanny xp the hell you even doing on to glitter that's right time chain index dot com so 500 Bitcoin of the 6000 Bitcoin belonging to drug dealer Clifton Collins moved after 10 years and sent to the coin basics change the keys were stored in a fishing rod in a rental home that were sent later to a landfill in 2017 after.
His arrest exactly guess the keys were never lost so Irish authorities have cracked open a long inaccessible Bitcoin stash tied to 2019 seizure unlocking 30 million in Bitcoin and potentially paving what is that 30 million euros.
Sorry 30 million euro in Bitcoin potentially paving the way to access the full 6000 Bitcoin haul worth 360 million euro the break through comes from an operation led by Ireland's criminal asset bureau cab with technical support from euro poll cab confirmed euro poll played a key role providing advanced technical and decryption support to investigators.
So of course right obviously kind of sucks to be that guy that is bitcoins gone and is now in the hands of authorities but it also proves the case for there are no lost Bitcoin.
And any lost Bitcoin that there is is simply just assumed until it moves so yeah maybe less status crap where we try to take things away from other people right and maybe we just let the Bitcoin network be.
Just maybe.
All right some hope you guys let's do a little more hope you're Starbucks drive through takes Bitcoin.
It's not in the U.S. womp womp no surprise not that I want to be spending my Bitcoin on overpriced crappy coffee anyways but in El Salvador where you can spend Bitcoin and there is a massive thriving Bitcoin economy.
This is good stuff let's see what he orders.
We're in Allen Quentro surf city on the coast of El Salvador and today we're going to Starbucks in the drive through to buy a coffee with Bitcoin let's go.
Good morning.
Good morning.
You could pay for a bit of Bitcoin here.
Yes I do.
I'd like to ask you for something with a little yellow.
Thank you very much for saying that.
OK.
Thank you.
Thank you.
All right, he gave his order.
Bitcoin.
Pretty plain coffee though.
Blink out of here.
Take in a minute.
Take in a minute there.
Paying with lining.
28.3 cent.
T.
Not bad.
Not bad, 3 cent fee.
There we go.
Boom!
Perfecto.
Versus.
One there.
Hey, that's good stuff.
That is very good stuff.
That's what I like to see.
I like to see Bitcoin use cases.
Just normal Bitcoin use cases.
Going back to this thing about the Irish authorities
that managed to crack that.
Yeah, exactly.
The highly technical encryption team
found his private keys.
Exactly.
This is just so ridiculous.
I know.
That's fine that you see that.
I was thinking that I'm like,
where the hell is this camera?
He's just holding it up their face.
That's great.
Hey, good morning, Verhoefty.
Good morning.
Okay.
All right.
Here we go, guys.
The CEO of MicroStrategy.
Is he eating his own slop?
Let's see.
CEO Fongley has bought
2,509 perpetual preferred stock stretch
as the RC shares at an average price
of 9962 for 250K.
Yeah, I'm sorry, CP Digital.
I got a, come on, man.
There was like seven seconds there.
You know, it could have happened in seven seconds.
The world could have changed.
I'm just kidding.
I'm just kidding.
It's just a bunch of, right?
There are no hurried places.
There are only hurried people.
That's just the way it works, right?
We're the ones in a rush.
Everything else is just move and find.
Anyways,
anyway, speaking of eating your own slop,
let's go back to this thing.
Okay.
So, if you believed in your company,
if you truly believed in the prospects
of your company, number one and number two,
your ability to turn all of that debt
into mountains of cash and even more Bitcoin,
wouldn't he just buy microstrategy shares?
Or I mean, if he was a real believer in Bitcoin,
wouldn't he just buy Bitcoin?
It's a sales tactic.
That's what he's doing.
He's just, he's just being a salesman
and he's selling you the slop, right?
It's, oh, look, the CEO bought it.
It must be okay.
I should buy some too.
He's so smart and rich.
Like, it's just, it's just stupid nonsense.
That guy really wants to put his money
where his mouth is
buy microstrategy.
Buy the share that you are deluding constantly
because, hey,
aren't its prospects going to be
brighter in the future, right?
Now, but instead, you know,
people just want to sit there.
They just want to see one side of the coin, right?
You just want to see that rosy future.
You don't want to pay attention to the other side.
Listen, there's, I know that it's difficult to accept, right?
But we have motivations in our mind, right?
We have motivations that we even hide from ourselves, right?
But that's how the brain works.
So there's incentives
that we're willing to show to the public, right?
In this particular case, right?
He's willing to, hey,
look, I'm buying my own shares, right?
I'm telling, I'm showing you that I've got faith in it.
But what's happening is,
is that what he's not doing is what's important to me.
That's what I care about.
He's not buying microstrategy shares.
Why not?
Why is he stuck buying this?
Because he's trying to sell it to you.
That's all.
And again, I'm not saying,
oh, that's bad.
He's an evil person or some bullshit like that.
No.
Just saying, that's what it is.
It's sales, plain and simple.
And that's okay.
But don't mistake it for something that it's not.
Because that really is all it is.
All right, speaking of sales,
and selling this is all, here we go.
Interesting post here from Mr. Bitcoin.
Very interesting post here from Mr. Bitcoin.
Today was a day full of endless topics about meta-planet,
shareholders meeting held,
meta-planet card announced.
Let's watch that.
Sorry, guys.
I'm gonna kill the music of it.
Ooh, credit card.
All right, looks good.
Looks like a credit card.
I can appreciate that.
I can appreciate the credit card.
What else?
Yeah, I can't disagree with you, Verhoewfty.
And in fairness, that stance is wildly unpopular.
But who cares?
I don't care.
And that's like not trying to make friends,
not trying to impress anyone.
I'm just trying not to get wrecked.
And I'm trying to make sure that I'm looking at these things
as accurately as I can, which means,
if I'm wrong, right, then I change my opinion.
Like that's essentially how it works.
When you face with new information,
you're allowed to, you know,
and it's like, you're allowed to change your stance.
But unfortunately, the information hasn't changed.
Anyways, back to other things
that are lying to you to take your money.
Shareholder souvenirs.
Become a hot topic.
Look at that.
Let's take a look at some of those souvenirs.
I worked for probably one of the biggest
publicly traded companies in this country.
I never saw bullshit like this, guys.
Never saw bullshit like this.
Actually, probably worked for two.
Of the biggest companies in this country.
And I never saw this type of bullshit.
I know, and you're that failure hater.
Yep, yep, I'm a hater.
That's right.
I hate bullshit.
All right, so we're going to get that 1.6% exclusive card.
It's interesting that the hotel company that owns one hotel
that doesn't have any real revenue from that hotel
is now just diving into the Fourier of Card.
So is Meta Planet now fold?
Is it now fold card?
Whatever sticks, huh?
Whatever sticks.
It is nice though.
I do appreciate the black card with the orange.
And take a look at that, guys.
Those gift bags, we just saw that,
that whole video of gift bags.
That's right.
They ended up on Mercari.
It's just marketing.
It is totally just marketing hype.
It's so bad.
Yeah, that's a good point.
Hey, good morning, math.
Okay.
All right, now let's take a look at the yields.
Right away, I, for me, this is red flags.
You're not going to convince me.
You're never going to convince me because the reality is is that
Bitcoin is not an income-producing asset, okay?
It just isn't.
So I am not going to be convinced
that the yield isn't eventually just completely fall apart.
I don't care what industry does it.
I don't care what business.
It doesn't matter.
Anyways, Bitwise joins Lombard's Bitcoin smart accounts
to help unlock institutional yield.
Ooh, the yield.
Where does the yield come from?
The collaboration is designed to unlock yield and liquidity
for an estimated $500 billion in Bitcoin
currently held in regulated custody
without requiring asset transfers
or modifications to existing custodial arrangements.
So before you start thinking that you're just going to get to
keep your Bitcoin on your your cold card or something like that
and they're going to and you're going to earn yield on it,
let's continue.
Scheduled for a Q2 2026 launch,
Bitcoins smart accounts.
Just remember, the naming is usually the opposite of what it is.
So it's probably the Bitcoin stupid account.
We'll allow high net worth individuals.
That's right, high net worth individuals,
institutional asset managers and corporate treasuries
to earn yield or borrow against BTC
while maintaining full control of their assets.
So you peasant, me peasant, we don't earn yield.
But you're a high net worth individual.
An institutional asset manager or a corporate treasury
that you are allowed to earn yield.
Not the peasant though, the peasant gets no yield.
They fucking hate you, okay?
It's so funny.
It's so ridiculous.
It's so funny.
Like humans all hate each other and they just pretend they don't.
Uh, it's great.
It's great.
Anyways, anyways.
Guys, I'll remember this guy.
I remember this guy when I was growing up.
You rolling around the right that show all those commercials
lying around the store, you know,
lowering the prices for you because everything's just getting better, right?
It's all just getting better.
Well, they've rolled out their new Mr. Smiley,
which by the way, we haven't seen this guy since like 2016.
Because guess what?
He can't lower the prices anymore.
All right.
That's the spoiler alert on this.
Pre-tailers rolling out digital shelf price labels
for all its stores by the end of the year.
Walmart says that having digital price labels will help
its store personnel do their jobs better and more effectively.
Wrong, wrong.
And ensure that it's nothing to do with their jobs, okay?
Nothing to do with their jobs.
Prices are more uniform across different geographies.
But the move is somewhat controversial as some are worried
that having the ability to quickly adapt price labels on the fly
could lead to things like demand-based pricing.
That shifts prices for higher or lower,
depending on how changing dynamics happen for supply chains.
Now, some law bankers are already in the process of introducing legislation
to ban the use of digital shelf labels or DSLs.
Okay.
So the framing for this story that I've seen
from a few different places is that Walmart is using AI.
It's not AI.
That's the first thing.
It's not AI at all, all right?
It's just a digital tag, right?
And there's like a, there's a server.
You just program the prices and then it sends it out.
There's like a little Wi-Fi antenna on it.
There's no artificial intelligence.
And even if there was, it's not like that part of it is not dystopian.
You're focusing on the wrong dystopian piece, okay?
The dystopia here is not the AI.
The dystopia here is the dynamic pricing.
I was at Walmart, no, I was at Target two or three weeks ago.
And I noticed that all the labels had now been changed to these digital labels.
Then I also went to Walmart.
I think it was like maybe the same weekend.
Yeah, that's right.
You could imagine that weekend was the weekend of chores and it was awful.
And all of their displays for clothing, okay?
We're the digital displays.
Who said DSLs?
Did I say that?
I don't know.
I have no idea.
Good morning, Turbo, by the way.
But look, Wendy's tried to, they announced our member about eight months ago
or something like that, that they were going to do this dynamic pricing.
I don't think it ever came to fruition.
Instead, they went more with, instead of the dynamic pricing, they started to implement the
automated drive-through, right?
That you're just speaking to a machine.
I've gone through that a few times.
It's not bad.
It's not bad at all.
But look, make no mistake.
This has nothing to do with helping employees.
This has nothing to do with providing value for you, okay?
Walmart has some of the
sharpest, smallest margins on all of their products, okay?
Walmart is probably one of the most efficiently run businesses in the world.
This is a bad sign.
And I'm not saying it's a bad sign for Walmart because Walmart's going to be able to pivot.
They have the resources, okay?
It's not a problem.
It's a bad sign for the overall picture, right?
It's a bad sign for us for the overall economy.
Because if Walmart is doing this,
we're going to start to see this elsewhere.
Target already did it.
Walmart's doing it, right?
We're going to see Costco start to do it maybe.
Maybe.
Costco doesn't tend to follow the trends.
But anyways, just keep a look out, guys.
These dynamic prices, these dynamic prices,
this is not a sign that things are getting better, okay?
This is a sign that prices are going to need to change between the time
that you pick the item up on the shelf and the time you get to the cash register.
And if you think that sounds insane,
I implore anybody to read the book when money dies.
Or if you don't want to read it, listen to it,
unaudible when money dies.
And it's the whole story of what happened in YMAR Germany kind of step by step
also illustrating what happened in people's daily lives, okay?
And those are situations that happened.
They would, people would go to work in the morning, right?
Go to work to afford food for that night.
By the time they'd finished working,
they could no longer afford the food they were working for.
We have no idea what that's like in the US.
There's no idea what that's like in Canada, right?
There's many countries where people don't know what that's like.
We have no concept of this.
Anyways, I'm not saying that that's exactly where we're going.
No, I'm not trying to be a doomer.
I'm just saying that is one of the possible ends.
And we've already seen it play out in history.
So, yeah, something to think about, right?
Something to think about.
Anyways, as we move closer to the dystopian future, guys,
these guys are already in dystopia.
They are in jail for writing privacy preserving code.
Please sign the petition if you haven't already.
If you feel so inclined, please donate.
That is going to do it for today's episode.
I really appreciate you guys.
Stop and buy.
Hang in out with me, listening to my rants,
and I will be back tomorrow same time 12, 10 PM Eastern.
Have a great rest of the day.



