welcome<00:00:01.979> back<00:00:02.220> to<00:00:02.340> Gary's<00:00:02.820> economics<00:00:03.240> today's

welcome back to Gary's economics today's

welcome back to Gary's economics today's video<00:00:04.080> is<00:00:04.380> called<00:00:04.640> teaching<00:00:05.640> you<00:00:05.819> how<00:00:06.180> to

video is called teaching you how to

video is called teaching you how to trade

okay<00:00:12.900> so<00:00:13.320> one<00:00:13.740> of<00:00:13.860> the<00:00:14.040> most<00:00:14.219> common<00:00:14.519> comments

okay so one of the most common comments

okay so one of the most common comments that<00:00:15.240> we<00:00:15.360> get<00:00:15.480> on<00:00:15.599> our<00:00:15.719> videos<00:00:15.900> is<00:00:16.800> um

that we get on our videos is um

that we get on our videos is um why<00:00:18.240> do<00:00:18.420> you<00:00:18.480> bother<00:00:18.720> making<00:00:18.840> all<00:00:19.020> these

why do you bother making all these

why do you bother making all these videos<00:00:19.500> trying<00:00:20.400> to<00:00:20.580> save<00:00:20.760> the<00:00:20.939> economy

videos trying to save the economy

videos trying to save the economy if<00:00:22.439> you're<00:00:22.560> such<00:00:22.800> a<00:00:22.920> good<00:00:23.039> Trader<00:00:23.340> why<00:00:23.460> don't

if you're such a good Trader why don't

if you're such a good Trader why don't you<00:00:23.760> just<00:00:23.939> teach<00:00:24.119> us<00:00:24.240> all<00:00:24.359> to<00:00:24.539> trade<00:00:24.660> and<00:00:24.840> then

you just teach us all to trade and then

you just teach us all to trade and then we<00:00:25.080> could<00:00:25.199> all<00:00:25.320> be<00:00:25.439> millionaires

we could all be millionaires

we could all be millionaires um<00:00:27.420> so<00:00:27.779> I<00:00:27.900> wanted<00:00:28.019> to<00:00:28.260> talk<00:00:28.380> a<00:00:28.500> little<00:00:28.619> bit

um so I wanted to talk a little bit

um so I wanted to talk a little bit about

about

about trading<00:00:30.660> about<00:00:31.619> my<00:00:31.980> trading<00:00:32.460> about

trading about my trading about

trading about my trading about teaching<00:00:34.800> friends<00:00:35.520> to<00:00:35.820> trade<00:00:36.059> and<00:00:36.660> and

teaching friends to trade and and

teaching friends to trade and and basically<00:00:37.440> why<00:00:37.680> I<00:00:37.800> don't<00:00:37.920> Focus<00:00:38.219> the<00:00:38.340> channel

basically why I don't Focus the channel

basically why I don't Focus the channel on<00:00:38.700> teaching<00:00:38.940> how<00:00:39.059> to<00:00:39.239> trade<00:00:39.420> so<00:00:39.899> um

on teaching how to trade so um

on teaching how to trade so um I<00:00:41.280> was<00:00:41.399> a<00:00:41.579> Trader<00:00:41.879> I<00:00:42.300> spoken<00:00:42.660> about<00:00:42.719> a<00:00:42.899> bit<00:00:43.020> on

I was a Trader I spoken about a bit on

I was a Trader I spoken about a bit on the<00:00:43.260> channel

the channel

the channel um<00:00:43.980> from<00:00:44.420> 2008<00:00:45.420> until<00:00:45.719> 2014<00:00:46.440> I<00:00:46.920> was<00:00:47.100> a<00:00:47.399> an

um from 2008 until 2014 I was a an

um from 2008 until 2014 I was a an interest<00:00:47.760> rate<00:00:48.000> of<00:00:48.360> a<00:00:48.480> Citibank

interest rate of a Citibank

interest rate of a Citibank um

um

um in<00:00:50.640> 2011<00:00:51.059> I<00:00:51.300> was<00:00:51.420> citibank's<00:00:51.960> top<00:00:52.140> Trader<00:00:52.620> in

in 2011 I was citibank's top Trader in

in 2011 I was citibank's top Trader in the<00:00:52.800> world<00:00:52.920> so<00:00:53.100> I<00:00:53.280> was<00:00:53.399> a<00:00:53.640> very

the world so I was a very

the world so I was a very effective<00:00:55.379> Trader<00:00:55.739> I<00:00:55.860> made<00:00:55.980> a<00:00:56.039> lot<00:00:56.160> of<00:00:56.219> money

effective Trader I made a lot of money

effective Trader I made a lot of money for<00:00:56.460> the<00:00:56.579> bank<00:00:56.699> I<00:00:56.879> made<00:00:57.000> a<00:00:57.180> lot<00:00:57.239> of<00:00:57.360> money<00:00:57.420> for

for the bank I made a lot of money for

for the bank I made a lot of money for myself

myself

myself um<00:00:58.680> in<00:00:59.399> 2014<00:00:59.760> I<00:01:00.180> retired<00:01:00.600> from

um in 2014 I retired from

um in 2014 I retired from trading<00:01:02.760> professionally<00:01:03.180> and<00:01:04.019> I<00:01:04.199> didn't

trading professionally and I didn't

trading professionally and I didn't actually<00:01:04.619> do<00:01:04.920> any<00:01:05.220> trading<00:01:05.640> for<00:01:05.880> myself<00:01:06.240> until

actually do any trading for myself until

actually do any trading for myself until the<00:01:08.760> end<00:01:08.939> of<00:01:09.119> 2017

the end of 2017

the end of 2017 um<00:01:11.760> and<00:01:12.240> that<00:01:12.600> wasn't<00:01:12.780> much<00:01:13.080> and<00:01:13.380> I<00:01:13.500> didn't

um and that wasn't much and I didn't

um and that wasn't much and I didn't really<00:01:13.920> get<00:01:14.159> back<00:01:14.340> involved<00:01:14.700> in<00:01:14.820> trading

really get back involved in trading

really get back involved in trading until<00:01:15.360> the<00:01:15.600> beginning<00:01:15.780> of

until the beginning of

until the beginning of covid<00:01:17.580> so<00:01:18.000> early<00:01:18.600> 2020<00:01:19.140> about<00:01:19.500> two<00:01:19.680> and<00:01:19.799> a<00:01:19.920> half

covid so early 2020 about two and a half

covid so early 2020 about two and a half years<00:01:20.100> ago

years ago

years ago um<00:01:21.540> and<00:01:21.960> I<00:01:22.080> think<00:01:22.140> that<00:01:22.320> that<00:01:22.500> should<00:01:22.740> probably

um and I think that that should probably

um and I think that that should probably tell<00:01:23.100> you<00:01:23.159> something<00:01:23.340> in<00:01:23.520> itself<00:01:23.820> that<00:01:24.180> even

tell you something in itself that even

tell you something in itself that even though<00:01:24.720> I<00:01:24.960> was

though I was

though I was a<00:01:26.340> very<00:01:26.460> successful<00:01:26.880> professional<00:01:27.299> Trader

a very successful professional Trader

a very successful professional Trader once<00:01:27.960> I<00:01:28.080> quit<00:01:28.380> I<00:01:28.920> didn't<00:01:29.100> really<00:01:29.520> do

once I quit I didn't really do

once I quit I didn't really do much<00:01:32.280> trading<00:01:32.640> at<00:01:32.759> all<00:01:32.880> for<00:01:33.180> more<00:01:33.299> than<00:01:33.479> five

much trading at all for more than five

much trading at all for more than five years<00:01:33.900> myself<00:01:34.380> individually<00:01:35.040> and<00:01:35.640> um

years myself individually and um

years myself individually and um the<00:01:36.960> main<00:01:37.079> reason<00:01:37.380> for<00:01:37.680> that<00:01:37.799> is<00:01:37.979> that<00:01:38.159> that

the main reason for that is that that

the main reason for that is that that trading<00:01:38.700> is<00:01:38.820> really<00:01:39.000> hard

trading is really hard

trading is really hard um<00:01:40.259> even<00:01:40.439> if<00:01:40.619> you're<00:01:40.740> good<00:01:40.920> at<00:01:41.100> it<00:01:41.220> uh<00:01:42.600> you<00:01:43.320> only

um even if you're good at it uh you only

um even if you're good at it uh you only make<00:01:44.100> money<00:01:44.280> trading<00:01:44.759> if<00:01:45.240> you<00:01:45.540> if<00:01:46.020> you<00:01:46.140> know

make money trading if you if you know

make money trading if you if you know things<00:01:46.500> that<00:01:46.680> people<00:01:46.860> other<00:01:47.280> people<00:01:47.460> don't

things that people other people don't

things that people other people don't know<00:01:47.939> if<00:01:48.180> you<00:01:48.299> have<00:01:48.600> information<00:01:48.780> other

know if you have information other

know if you have information other people<00:01:49.320> don't<00:01:49.500> know<00:01:49.619> some<00:01:49.860> and<00:01:50.159> artists<00:01:50.700> other

people don't know some and artists other

people don't know some and artists other people<00:01:50.939> don't<00:01:51.119> know<00:01:51.360> and<00:01:52.140> you're<00:01:52.380> essentially

people don't know and you're essentially

people don't know and you're essentially competing<00:01:53.040> with<00:01:53.220> other<00:01:53.399> people<00:01:53.640> who<00:01:54.119> are

competing with other people who are

competing with other people who are working<00:01:55.020> full-time<00:01:55.619> you<00:01:55.979> know<00:01:56.040> when<00:01:56.159> I<00:01:56.280> was<00:01:56.399> a

working full-time you know when I was a

working full-time you know when I was a full-time<00:01:56.759> Trader<00:01:57.240> I<00:01:57.960> was<00:01:58.079> up<00:01:58.200> every<00:01:58.380> day<00:01:58.560> at

full-time Trader I was up every day at

full-time Trader I was up every day at 5am<00:01:59.040> reading<00:01:59.759> all<00:01:59.820> the<00:02:00.000> news<00:02:00.180> you<00:02:00.780> know<00:02:00.899> I<00:02:01.079> had

5am reading all the news you know I had

5am reading all the news you know I had thousands<00:02:01.920> of<00:02:01.979> emails<00:02:02.340> every<00:02:02.460> day<00:02:02.640> analysis

thousands of emails every day analysis

thousands of emails every day analysis and<00:02:03.420> I<00:02:03.540> was<00:02:03.659> reading<00:02:03.960> all<00:02:04.020> that<00:02:04.200> analysis

and I was reading all that analysis

and I was reading all that analysis talking<00:02:05.700> to<00:02:05.939> other<00:02:06.119> Traders

talking to other Traders

talking to other Traders looking<00:02:08.039> at<00:02:08.220> the<00:02:08.399> economy<00:02:08.759> all<00:02:09.000> the<00:02:09.179> time<00:02:09.300> to

looking at the economy all the time to

looking at the economy all the time to try<00:02:09.959> and<00:02:10.200> understand<00:02:11.160> what<00:02:11.459> was<00:02:11.580> happening

try and understand what was happening

try and understand what was happening and<00:02:12.239> now

and now

and now um<00:02:14.280> you<00:02:14.520> know<00:02:14.640> in<00:02:14.819> the<00:02:15.000> last<00:02:15.239> eight<00:02:16.080> years

um you know in the last eight years

um you know in the last eight years since<00:02:16.500> I<00:02:16.620> was<00:02:16.739> a<00:02:16.860> professional<00:02:17.160> Trader<00:02:17.520> you

since I was a professional Trader you

since I was a professional Trader you know<00:02:17.760> I<00:02:17.879> do<00:02:18.000> a<00:02:18.120> lot<00:02:18.180> of<00:02:18.239> other<00:02:18.360> things<00:02:18.540> I<00:02:18.720> sit<00:02:18.959> at

know I do a lot of other things I sit at

know I do a lot of other things I sit at home<00:02:19.520> I'm<00:02:20.520> not<00:02:20.760> watching<00:02:21.540> the<00:02:21.599> news<00:02:21.780> all<00:02:21.959> the

home I'm not watching the news all the

home I'm not watching the news all the time<00:02:22.200> I'm<00:02:22.379> not<00:02:22.500> watching<00:02:22.800> the<00:02:22.860> markets<00:02:23.280> all

time I'm not watching the markets all

time I'm not watching the markets all the<00:02:23.520> time<00:02:23.640> and<00:02:24.239> if<00:02:24.300> I'm<00:02:24.480> going<00:02:24.599> to<00:02:24.660> make<00:02:24.840> money

the time and if I'm going to make money

the time and if I'm going to make money Trading

Trading

Trading I<00:02:26.879> have<00:02:27.060> to<00:02:27.180> be<00:02:27.239> competing<00:02:27.660> with<00:02:27.780> somebody<00:02:27.959> who

I have to be competing with somebody who

I have to be competing with somebody who is<00:02:28.560> doing<00:02:28.800> this<00:02:29.099> full<00:02:29.280> time<00:02:29.520> every<00:02:29.940> day<00:02:30.120> so<00:02:30.360> I

is doing this full time every day so I

is doing this full time every day so I think<00:02:31.140> you<00:02:31.620> know<00:02:31.739> you<00:02:32.099> have<00:02:32.220> to<00:02:32.400> respect<00:02:32.819> that

think you know you have to respect that

think you know you have to respect that if<00:02:34.680> you're<00:02:34.800> if<00:02:34.980> you<00:02:35.160> think<00:02:35.280> you<00:02:35.400> can<00:02:35.459> make

if you're if you think you can make

if you're if you think you can make money<00:02:35.700> trading<00:02:36.180> you're<00:02:36.360> saying<00:02:36.660> you<00:02:36.780> can

money trading you're saying you can

money trading you're saying you can compete<00:02:37.319> with

compete with

compete with the<00:02:38.400> best<00:02:38.520> people<00:02:38.700> who<00:02:38.879> are<00:02:38.940> working<00:02:39.180> all<00:02:39.540> the

the best people who are working all the

the best people who are working all the time<00:02:39.920> and<00:02:40.920> as<00:02:41.340> as<00:02:41.580> me<00:02:41.879> somebody<00:02:42.120> now<00:02:42.599> who<00:02:43.080> still

time and as as me somebody now who still

time and as as me somebody now who still follows<00:02:44.040> markets<00:02:44.519> a<00:02:44.580> lot<00:02:44.760> and<00:02:44.879> still<00:02:45.060> does

follows markets a lot and still does

follows markets a lot and still does trade<00:02:45.540> a<00:02:45.720> lot<00:02:45.780> I<00:02:46.019> understand<00:02:46.739> that<00:02:47.099> I<00:02:47.280> respect

trade a lot I understand that I respect

trade a lot I understand that I respect that<00:02:47.819> I'm<00:02:48.000> not<00:02:48.180> a<00:02:48.300> full-time<00:02:48.540> Trader<00:02:48.959> anymore

that I'm not a full-time Trader anymore

that I'm not a full-time Trader anymore so<00:02:50.099> I<00:02:50.280> don't<00:02:50.879> take<00:02:51.239> too<00:02:51.420> many<00:02:51.540> big<00:02:51.780> risks

so I don't take too many big risks

so I don't take too many big risks because<00:02:52.379> I<00:02:52.800> understand<00:02:52.980> that<00:02:53.340> me<00:02:53.580> sitting

because I understand that me sitting

because I understand that me sitting here<00:02:54.239> you<00:02:54.480> know<00:02:54.599> making<00:02:54.840> YouTube<00:02:55.140> videos

here you know making YouTube videos

here you know making YouTube videos seeing<00:02:55.980> at<00:02:56.040> home<00:02:56.160> writing<00:02:56.459> a<00:02:56.580> book<00:02:56.700> it's<00:02:57.420> not

seeing at home writing a book it's not

seeing at home writing a book it's not always<00:02:57.720> in<00:02:57.900> a<00:02:58.019> position<00:02:58.140> to<00:02:58.440> compete<00:02:58.739> with<00:02:58.920> the

always in a position to compete with the

always in a position to compete with the people<00:02:59.220> who<00:02:59.459> are<00:02:59.580> fully<00:02:59.940> watching<00:03:00.180> it<00:03:00.300> all<00:03:00.420> the

people who are fully watching it all the

people who are fully watching it all the time

time

time um but<00:03:02.400> that<00:03:02.640> said<00:03:02.819> at<00:03:03.120> the<00:03:03.239> beginning<00:03:03.360> of

um but that said at the beginning of

um but that said at the beginning of kovid<00:03:04.140> there<00:03:04.860> are<00:03:04.980> a<00:03:05.040> lot<00:03:05.099> of<00:03:05.220> like

kovid there are a lot of like

kovid there are a lot of like I<00:03:07.440> understood<00:03:07.739> at<00:03:07.920> the<00:03:08.040> beginning<00:03:08.099> of<00:03:08.340> Kobe

I understood at the beginning of Kobe

I understood at the beginning of Kobe that

that

that the<00:03:10.140> economy<00:03:10.379> was<00:03:10.560> not<00:03:10.680> going<00:03:10.800> to<00:03:10.800> pan<00:03:10.980> out<00:03:11.159> the

the economy was not going to pan out the

the economy was not going to pan out the way<00:03:11.459> people<00:03:12.000> thought<00:03:12.300> it<00:03:12.480> would<00:03:12.659> and<00:03:13.319> that<00:03:13.560> was

way people thought it would and that was

way people thought it would and that was because

because

because generally<00:03:15.720> as<00:03:15.959> a<00:03:16.080> Trader<00:03:16.379> my<00:03:16.620> belief<00:03:17.220> was<00:03:17.400> that

generally as a Trader my belief was that

generally as a Trader my belief was that the<00:03:18.480> significance<00:03:18.900> of<00:03:19.080> inequality<00:03:19.560> on<00:03:19.739> the

the significance of inequality on the

the significance of inequality on the economy<00:03:20.159> was<00:03:20.280> not<00:03:20.459> understood<00:03:20.760> so<00:03:21.120> when<00:03:21.420> when

economy was not understood so when when

economy was not understood so when when inequality<00:03:22.379> changes<00:03:22.739> massively<00:03:23.340> you<00:03:24.000> can

inequality changes massively you can

inequality changes massively you can make<00:03:24.180> money<00:03:24.360> in<00:03:24.540> the<00:03:24.720> markets<00:03:25.080> because

make money in the markets because

make money in the markets because Traders<00:03:26.099> and<00:03:26.280> economists

Traders and economists

Traders and economists um<00:03:28.620> and<00:03:29.099> participants<00:03:29.580> in<00:03:29.760> markets<00:03:30.239> generally

um and participants in markets generally

um and participants in markets generally don't<00:03:30.840> understand

don't understand

don't understand how<00:03:33.420> big<00:03:33.599> an<00:03:33.720> effect<00:03:33.900> the<00:03:34.620> change<00:03:34.739> inequality

how big an effect the change inequality

how big an effect the change inequality will<00:03:35.459> have<00:03:35.640> on<00:03:35.760> the<00:03:35.879> economy<00:03:36.180> and<00:03:36.420> I<00:03:36.540> think

will have on the economy and I think

will have on the economy and I think covert<00:03:37.379> was<00:03:37.500> a<00:03:37.680> massive<00:03:38.040> opportunity<00:03:39.000> for<00:03:39.300> my

covert was a massive opportunity for my

covert was a massive opportunity for my trading<00:03:39.720> perspective

trading perspective

trading perspective because<00:03:41.400> if<00:03:42.299> you<00:03:42.540> were<00:03:42.659> to<00:03:43.080> look<00:03:43.319> at<00:03:43.440> the

because if you were to look at the

because if you were to look at the beginning<00:03:43.680> of<00:03:43.980> kovid

beginning of kovid

beginning of kovid it<00:03:46.019> was<00:03:46.200> very<00:03:46.440> clear<00:03:46.680> right<00:03:46.980> at<00:03:47.099> the<00:03:47.159> beginning

it was very clear right at the beginning

it was very clear right at the beginning of<00:03:47.580> kovid<00:03:48.000> that<00:03:48.420> it<00:03:48.540> was<00:03:48.659> going<00:03:48.780> to<00:03:48.900> cause<00:03:49.019> a

of kovid that it was going to cause a

of kovid that it was going to cause a massive<00:03:49.860> increase<00:03:49.980> in<00:03:50.220> inequality

massive increase in inequality

massive increase in inequality but<00:03:51.659> in<00:03:51.840> general<00:03:51.959> economists<00:03:52.680> don't<00:03:52.860> focus<00:03:53.099> on

but in general economists don't focus on

but in general economists don't focus on inequality<00:03:53.760> even<00:03:54.239> Traders<00:03:55.140> um<00:03:55.500> you<00:03:55.799> know<00:03:55.920> we

inequality even Traders um you know we

inequality even Traders um you know we could<00:03:56.159> talk<00:03:56.280> about<00:03:56.459> why<00:03:56.819> they<00:03:57.000> don't<00:03:57.180> and<00:03:57.360> I

could talk about why they don't and I

could talk about why they don't and I think<00:03:57.599> I'll<00:03:57.720> probably<00:03:57.900> put<00:03:58.140> a<00:03:58.260> video<00:03:58.379> out<00:03:58.680> you

think I'll probably put a video out you

think I'll probably put a video out you know<00:03:59.220> why<00:03:59.540> economists<00:04:00.540> don't<00:04:00.659> look<00:04:00.780> at

know why economists don't look at

know why economists don't look at inequality<00:04:01.379> but<00:04:02.700> I<00:04:03.180> knew<00:04:03.420> at<00:04:03.540> the<00:04:03.659> beginning

inequality but I knew at the beginning

inequality but I knew at the beginning of<00:04:03.959> Kobe<00:04:04.260> there<00:04:04.500> was<00:04:04.560> going<00:04:04.680> to<00:04:04.739> be<00:04:04.799> a<00:04:04.920> massive

of Kobe there was going to be a massive

of Kobe there was going to be a massive increase<00:04:05.220> in<00:04:05.400> inequality<00:04:05.940> I<00:04:06.540> think<00:04:06.659> anybody

increase in inequality I think anybody

increase in inequality I think anybody who<00:04:07.200> bothered<00:04:07.500> to<00:04:07.560> look<00:04:07.680> at<00:04:07.799> it<00:04:07.920> could<00:04:08.040> have

who bothered to look at it could have

who bothered to look at it could have worked<00:04:08.459> it<00:04:08.519> out<00:04:08.640> but<00:04:08.819> because<00:04:09.000> economists

worked it out but because economists

worked it out but because economists don't<00:04:09.720> look<00:04:09.900> at<00:04:10.019> it<00:04:10.140> much<00:04:10.319> they<00:04:10.680> didn't<00:04:10.860> really

don't look at it much they didn't really

don't look at it much they didn't really realize<00:04:11.459> that<00:04:12.000> so<00:04:12.360> because<00:04:12.540> of<00:04:12.840> that

realize that so because of that

realize that so because of that you<00:04:14.459> know<00:04:14.519> I<00:04:14.939> put<00:04:15.239> a<00:04:15.360> video<00:04:15.420> out<00:04:15.599> a<00:04:15.720> few<00:04:15.840> weeks

you know I put a video out a few weeks

you know I put a video out a few weeks ago<00:04:16.199> how<00:04:16.739> inequality<00:04:17.220> affects<00:04:17.519> the<00:04:17.639> economy

ago how inequality affects the economy

ago how inequality affects the economy because<00:04:20.280> we<00:04:20.459> knew<00:04:20.639> inequality<00:04:21.060> was<00:04:21.180> going<00:04:21.299> to

because we knew inequality was going to

because we knew inequality was going to increase<00:04:21.479> massively<00:04:21.959> we<00:04:22.139> can<00:04:22.320> make<00:04:22.440> some

increase massively we can make some

increase massively we can make some predictions<00:04:23.100> about<00:04:23.220> the<00:04:23.400> economy<00:04:23.759> we<00:04:24.300> know

predictions about the economy we know

predictions about the economy we know that<00:04:24.720> for<00:04:24.900> example<00:04:25.199> asset<00:04:26.040> prices<00:04:26.160> will<00:04:26.460> rise

that for example asset prices will rise

that for example asset prices will rise because<00:04:27.120> if<00:04:27.419> a<00:04:27.540> lot<00:04:27.660> of<00:04:27.720> money<00:04:27.840> goes<00:04:28.080> to<00:04:28.139> rich

because if a lot of money goes to rich

because if a lot of money goes to rich people<00:04:28.440> rich<00:04:28.680> people<00:04:28.860> buy<00:04:29.160> assets<00:04:29.520> we<00:04:30.180> know

people rich people buy assets we know

people rich people buy assets we know that<00:04:30.479> living<00:04:30.660> standards<00:04:31.259> will<00:04:31.560> fall<00:04:31.800> because

that living standards will fall because

that living standards will fall because if<00:04:33.720> Ordinary<00:04:34.139> People<00:04:34.320> Are<00:04:34.440> Made<00:04:34.620> poorer<00:04:35.100> then

if Ordinary People Are Made poorer then

if Ordinary People Are Made poorer then they<00:04:36.360> can't<00:04:36.419> spend<00:04:36.780> as<00:04:36.900> much<00:04:37.080> stuff

they can't spend as much stuff

they can't spend as much stuff that<00:04:38.639> drives<00:04:38.880> the<00:04:39.060> economy<00:04:39.300> down<00:04:39.479> because

that drives the economy down because

that drives the economy down because there's<00:04:39.840> less<00:04:40.020> spending<00:04:40.320> and<00:04:40.440> there's<00:04:40.560> more

there's less spending and there's more

there's less spending and there's more saving<00:04:41.160> so<00:04:42.000> very<00:04:42.600> early<00:04:42.780> on<00:04:43.020> I<00:04:43.860> was<00:04:43.979> able<00:04:44.160> to

saving so very early on I was able to

saving so very early on I was able to predict<00:04:44.639> massive<00:04:45.060> increase<00:04:45.180> in<00:04:45.419> asset<00:04:45.780> price

predict massive increase in asset price

predict massive increase in asset price on<00:04:46.080> a<00:04:46.259> very<00:04:46.320> weak<00:04:46.560> economy

on a very weak economy

on a very weak economy um<00:04:47.940> at<00:04:48.540> the<00:04:48.660> beginning<00:04:48.780> of<00:04:49.139> kovid<00:04:49.680> most

um at the beginning of kovid most

um at the beginning of kovid most predictions<00:04:51.060> whether<00:04:51.240> asset<00:04:51.600> prices<00:04:51.720> would

predictions whether asset prices would

predictions whether asset prices would fall<00:04:52.380> and<00:04:52.740> in<00:04:52.860> fact<00:04:52.979> many<00:04:53.280> asset<00:04:53.580> prices<00:04:53.759> did

fall and in fact many asset prices did

fall and in fact many asset prices did fall<00:04:54.479> the<00:04:54.960> gold<00:04:55.139> price<00:04:55.320> fell<00:04:55.680> heavily<00:04:56.040> stock

fall the gold price fell heavily stock

fall the gold price fell heavily stock price<00:04:56.759> itself<00:04:57.060> fell<00:04:57.600> heavily<00:04:58.020> in<00:04:58.860> general

price itself fell heavily in general

price itself fell heavily in general most<00:04:59.820> economists<00:05:00.419> were<00:05:00.540> predicting<00:05:00.900> Big

most economists were predicting Big

most economists were predicting Big Falls<00:05:01.199> in<00:05:01.440> house<00:05:01.560> prices

Falls in house prices

Falls in house prices um because<00:05:03.780> I<00:05:04.080> knew<00:05:04.259> that<00:05:04.380> the<00:05:04.500> rich<00:05:04.680> were

um because I knew that the rich were

um because I knew that the rich were going<00:05:04.979> to<00:05:05.100> make<00:05:05.160> a<00:05:05.340> fortune<00:05:05.880> I<00:05:06.419> was<00:05:06.540> able<00:05:06.780> to

going to make a fortune I was able to

going to make a fortune I was able to see<00:05:07.199> well<00:05:07.560> actually<00:05:07.860> you<00:05:08.220> know<00:05:08.280> all<00:05:08.460> of<00:05:08.580> these

see well actually you know all of these

see well actually you know all of these prices<00:05:08.880> will<00:05:09.120> go<00:05:09.240> up<00:05:09.419> a<00:05:09.600> lot<00:05:09.720> so<00:05:10.380> it<00:05:10.500> was<00:05:10.620> a

prices will go up a lot so it was a

prices will go up a lot so it was a massive<00:05:10.979> trading<00:05:11.220> opportunity<00:05:11.580> and<00:05:11.820> I<00:05:11.940> put<00:05:12.120> a

massive trading opportunity and I put a

massive trading opportunity and I put a lot<00:05:12.300> of<00:05:12.419> money<00:05:12.540> into<00:05:12.840> buying<00:05:13.380> assets<00:05:13.919> at<00:05:14.340> the

lot of money into buying assets at the

lot of money into buying assets at the beginning<00:05:14.520> of<00:05:14.759> covid<00:05:15.720> um<00:05:15.720> mainly<00:05:16.440> gold<00:05:16.680> but

beginning of covid um mainly gold but

beginning of covid um mainly gold but you<00:05:17.400> know<00:05:17.460> I<00:05:17.699> bought<00:05:17.940> a<00:05:18.120> lot<00:05:18.240> of<00:05:18.240> things<00:05:18.419> and

you know I bought a lot of things and

you know I bought a lot of things and those<00:05:19.080> things<00:05:19.199> did<00:05:19.380> go<00:05:19.500> up<00:05:19.560> and<00:05:19.680> I<00:05:19.800> did<00:05:19.919> make<00:05:20.040> a

those things did go up and I did make a

those things did go up and I did make a lot<00:05:20.220> of<00:05:20.340> money

lot of money

lot of money there<00:05:21.780> was<00:05:21.960> money<00:05:22.139> to<00:05:22.380> be<00:05:22.500> made<00:05:22.680> there<00:05:22.919> because

there was money to be made there because

there was money to be made there because economists<00:05:24.120> don't<00:05:24.240> understand<00:05:24.419> significance

economists don't understand significance

economists don't understand significance of<00:05:25.139> inequality<00:05:25.560> and<00:05:26.160> um<00:05:26.160> at<00:05:27.000> the<00:05:27.060> same<00:05:27.180> time

of inequality and um at the same time

of inequality and um at the same time it's<00:05:27.479> doing<00:05:27.720> that<00:05:27.900> I<00:05:28.020> wrote<00:05:28.139> a<00:05:28.259> lot<00:05:28.380> of

it's doing that I wrote a lot of

it's doing that I wrote a lot of articles

articles

articles and<00:05:29.820> I<00:05:29.940> made<00:05:30.060> videos<00:05:30.300> basically<00:05:31.020> saying<00:05:31.320> that

and I made videos basically saying that

and I made videos basically saying that these<00:05:31.560> things<00:05:31.680> were<00:05:31.800> going<00:05:31.919> to<00:05:32.039> happen<00:05:32.100> saying

these things were going to happen saying

these things were going to happen saying that<00:05:33.000> asset<00:05:33.300> prices<00:05:33.419> would<00:05:33.720> go<00:05:33.840> up<00:05:33.900> saying

that asset prices would go up saying

that asset prices would go up saying that<00:05:34.320> the<00:05:34.440> gold<00:05:34.500> price<00:05:34.680> would<00:05:34.919> go<00:05:35.100> up<00:05:35.360> and<00:05:36.680> some

that the gold price would go up and some

that the gold price would go up and some friends<00:05:37.860> of<00:05:38.100> mine<00:05:38.280> saw<00:05:38.639> the<00:05:38.880> articles<00:05:39.300> I<00:05:39.539> was

friends of mine saw the articles I was

friends of mine saw the articles I was putting<00:05:39.780> out<00:05:39.900> and<00:05:40.080> they<00:05:40.199> said<00:05:40.320> hey<00:05:40.500> you<00:05:40.680> know

putting out and they said hey you know

putting out and they said hey you know like<00:05:41.220> I'm<00:05:42.060> a<00:05:42.539> bit<00:05:42.660> worried<00:05:43.020> because<00:05:43.320> you're

like I'm a bit worried because you're

like I'm a bit worried because you're saying<00:05:43.979> house<00:05:44.220> price<00:05:44.400> is<00:05:44.639> going<00:05:44.820> to<00:05:44.940> go<00:05:45.000> up<00:05:45.180> and

saying house price is going to go up and

saying house price is going to go up and I<00:05:45.780> don't<00:05:45.840> have<00:05:46.020> a<00:05:46.139> house<00:05:46.800> um<00:05:46.860> you<00:05:46.979> know<00:05:47.100> what

I don't have a house um you know what

I don't have a house um you know what can<00:05:47.340> I<00:05:47.520> do<00:05:47.780> and<00:05:49.080> um

can I do and um

can I do and um you<00:05:50.639> know<00:05:50.639> I<00:05:50.820> met<00:05:50.940> with<00:05:51.180> them<00:05:51.300> and<00:05:51.479> I<00:05:51.660> just<00:05:51.780> told

you know I met with them and I just told

you know I met with them and I just told them<00:05:52.199> what<00:05:52.320> I<00:05:52.440> was<00:05:52.560> doing<00:05:52.680> which<00:05:52.919> was<00:05:53.100> you<00:05:53.280> know

them what I was doing which was you know

them what I was doing which was you know I'm<00:05:53.639> I'm<00:05:54.419> putting<00:05:54.720> some<00:05:54.840> bets<00:05:55.080> on<00:05:55.139> asset

I'm I'm putting some bets on asset

I'm I'm putting some bets on asset prices<00:05:55.560> going<00:05:55.919> up<00:05:56.100> and<00:05:56.580> you<00:05:56.639> can<00:05:56.759> do<00:05:56.880> that<00:05:57.060> in

prices going up and you can do that in

prices going up and you can do that in these<00:05:57.419> various<00:05:57.720> ways<00:05:58.199> you<00:05:59.160> know<00:05:59.340> full

these various ways you know full

these various ways you know full disclosure<00:06:00.600> I<00:06:00.720> use<00:06:00.900> gambling<00:06:01.320> sites<00:06:01.740> online

disclosure I use gambling sites online

disclosure I use gambling sites online to<00:06:02.400> make<00:06:02.699> my<00:06:02.880> bets<00:06:03.720> um<00:06:04.320> and<00:06:04.800> I<00:06:04.979> told<00:06:05.100> my<00:06:05.220> friends

to make my bets um and I told my friends

to make my bets um and I told my friends I<00:06:05.580> was<00:06:05.699> doing<00:06:05.820> that<00:06:06.120> and<00:06:06.479> they<00:06:06.660> said<00:06:06.840> well<00:06:06.960> you

I was doing that and they said well you

I was doing that and they said well you know<00:06:07.139> what<00:06:07.259> are<00:06:07.380> you<00:06:07.440> betting<00:06:07.740> on<00:06:07.860> and<00:06:08.039> and<00:06:08.220> my

know what are you betting on and and my

know what are you betting on and and my big<00:06:08.580> bet<00:06:08.699> was<00:06:08.940> that<00:06:09.000> the<00:06:09.120> gold<00:06:09.240> price<00:06:09.419> would<00:06:09.660> go

big bet was that the gold price would go

big bet was that the gold price would go up<00:06:09.900> so<00:06:10.199> I<00:06:10.380> told<00:06:10.560> these<00:06:10.919> guys<00:06:11.039> you<00:06:11.580> know<00:06:11.699> I'm

up so I told these guys you know I'm

up so I told these guys you know I'm betting<00:06:12.060> the<00:06:12.120> gold<00:06:12.240> price<00:06:12.419> will<00:06:12.600> go<00:06:12.780> up<00:06:13.380> and

betting the gold price will go up and

betting the gold price will go up and the<00:06:13.860> gold<00:06:13.979> price<00:06:14.160> did<00:06:14.400> go<00:06:14.520> up<00:06:14.639> the<00:06:14.759> gold<00:06:14.880> price

the gold price did go up the gold price

the gold price did go up the gold price went<00:06:15.240> up<00:06:15.360> massively<00:06:15.720> and<00:06:15.960> I<00:06:16.259> made<00:06:16.380> quite<00:06:16.560> a<00:06:16.680> lot

went up massively and I made quite a lot

went up massively and I made quite a lot of money

of money

of money um<00:06:18.120> but<00:06:18.360> what<00:06:18.600> is<00:06:18.720> interesting<00:06:19.139> is<00:06:19.380> so<00:06:19.860> I'm

um but what is interesting is so I'm

um but what is interesting is so I'm thinking<00:06:20.580> of<00:06:20.699> two<00:06:20.880> friends<00:06:21.120> now<00:06:21.900> um<00:06:21.900> they'll

thinking of two friends now um they'll

thinking of two friends now um they'll probably<00:06:22.380> watch<00:06:22.560> this<00:06:22.740> video<00:06:22.860> and<00:06:23.100> laugh<00:06:23.699> um

probably watch this video and laugh um

probably watch this video and laugh um who<00:06:24.240> I<00:06:24.419> told<00:06:24.600> them<00:06:24.720> that<00:06:24.960> we're<00:06:25.259> gonna

who I told them that we're gonna

who I told them that we're gonna I'm<00:06:26.400> big<00:06:26.580> on<00:06:26.759> the<00:06:26.819> gold<00:06:26.940> price<00:06:27.180> and<00:06:27.419> and<00:06:27.660> they

I'm big on the gold price and and they

I'm big on the gold price and and they went<00:06:28.560> out<00:06:28.740> and<00:06:28.860> they<00:06:28.919> did<00:06:29.039> the<00:06:29.160> same<00:06:29.280> thing<00:06:29.460> and

went out and they did the same thing and

went out and they did the same thing and what<00:06:30.539> is<00:06:30.660> really<00:06:30.840> interesting<00:06:31.139> is<00:06:31.740> what

what is really interesting is what

what is really interesting is what happened<00:06:32.580> to<00:06:32.759> both<00:06:32.940> of<00:06:33.060> these<00:06:33.120> friends<00:06:33.300> was

happened to both of these friends was

happened to both of these friends was quite<00:06:33.660> similar<00:06:34.020> which<00:06:34.860> was<00:06:35.160> I<00:06:36.000> told<00:06:36.180> them<00:06:36.300> okay

quite similar which was I told them okay

quite similar which was I told them okay gold<00:06:36.720> price<00:06:36.900> is<00:06:37.080> going<00:06:37.199> to<00:06:37.319> go<00:06:37.380> up<00:06:37.440> this<00:06:37.620> time

gold price is going to go up this time

gold price is going to go up this time back<00:06:37.979> on<00:06:38.100> the<00:06:38.160> gold<00:06:38.280> price<00:06:38.520> this<00:06:38.759> is<00:06:38.880> how<00:06:38.940> you

back on the gold price this is how you

back on the gold price this is how you do<00:06:39.240> it<00:06:39.360> they<00:06:39.720> went<00:06:39.900> off<00:06:40.020> in<00:06:40.139> their<00:06:40.199> bit<00:06:40.319> on<00:06:40.440> the

do it they went off in their bit on the

do it they went off in their bit on the gold<00:06:40.620> price<00:06:40.800> and<00:06:41.400> then<00:06:41.520> the<00:06:41.639> gold<00:06:41.699> price<00:06:41.880> went

gold price and then the gold price went

gold price and then the gold price went up<00:06:42.240> and<00:06:42.360> up<00:06:42.479> and<00:06:42.539> up<00:06:42.660> and<00:06:42.780> up<00:06:42.900> and<00:06:42.960> up<00:06:43.139> and

up and up and up and up and up and

up and up and up and up and up and eventually<00:06:43.500> maybe<00:06:43.740> about<00:06:43.979> six<00:06:44.220> months<00:06:44.460> later

eventually maybe about six months later

eventually maybe about six months later I<00:06:44.880> had<00:06:45.000> quite<00:06:45.240> a<00:06:45.360> shop<00:06:45.539> fall<00:06:45.840> but<00:06:46.440> it's<00:06:46.560> still

I had quite a shop fall but it's still

I had quite a shop fall but it's still massively<00:06:47.520> higher<00:06:47.940> than<00:06:48.240> when<00:06:48.479> I<00:06:48.660> put<00:06:48.720> it<00:06:48.840> on

massively higher than when I put it on

massively higher than when I put it on so<00:06:49.259> you<00:06:49.440> know<00:06:49.500> you're<00:06:49.620> up<00:06:49.800> money<00:06:49.979> but<00:06:50.160> you've

so you know you're up money but you've

so you know you're up money but you've lost<00:06:50.460> a<00:06:50.580> bit<00:06:50.699> of<00:06:50.819> money

lost a bit of money

lost a bit of money um<00:06:51.960> and<00:06:52.620> both<00:06:52.740> of<00:06:52.919> my<00:06:53.100> friends<00:06:53.220> called<00:06:53.460> me<00:06:53.639> up

um and both of my friends called me up

um and both of my friends called me up separately<00:06:54.060> and<00:06:54.240> they<00:06:54.360> were<00:06:54.479> like<00:06:54.600> oh<00:06:55.020> my<00:06:55.139> God

separately and they were like oh my God

separately and they were like oh my God Gary<00:06:55.560> what<00:06:56.160> do<00:06:56.280> I<00:06:56.400> do

Gary what do I do

Gary what do I do and<00:06:57.600> I<00:06:57.720> was<00:06:57.840> like<00:06:58.020> well

and I was like well

and I was like well you<00:06:59.580> know<00:06:59.639> you<00:06:59.759> don't<00:06:59.940> do<00:07:00.060> anything<00:07:00.180> you<00:07:00.479> know

you know you don't do anything you know

you know you don't do anything you know we<00:07:00.900> made<00:07:01.319> a<00:07:01.440> lot<00:07:01.500> of<00:07:01.620> money<00:07:01.740> and<00:07:01.860> then<00:07:01.919> we<00:07:02.039> lost

we made a lot of money and then we lost

we made a lot of money and then we lost a<00:07:02.280> bit<00:07:02.400> of<00:07:02.520> money<00:07:02.639> and<00:07:02.819> overall<00:07:03.180> we've<00:07:03.360> still

a bit of money and overall we've still

a bit of money and overall we've still made<00:07:03.660> a<00:07:03.780> lot<00:07:03.840> of<00:07:03.960> money<00:07:04.080> and<00:07:04.620> they<00:07:04.740> were<00:07:04.919> like

made a lot of money and they were like

made a lot of money and they were like in<00:07:06.060> both<00:07:06.180> cases<00:07:06.539> they<00:07:06.840> said<00:07:06.960> no<00:07:07.080> you<00:07:07.199> don't

in both cases they said no you don't

in both cases they said no you don't understand<00:07:07.500> that<00:07:07.800> I'm<00:07:08.400> out<00:07:08.520> right<00:07:09.300> I'm<00:07:09.720> out

understand that I'm out right I'm out

understand that I'm out right I'm out I've<00:07:10.080> I've<00:07:10.139> lost<00:07:10.919> everything

I've I've lost everything

I've I've lost everything and<00:07:12.240> it<00:07:12.360> was<00:07:12.539> like

and it was like

and it was like how<00:07:14.039> have<00:07:14.160> you<00:07:14.340> managed<00:07:14.580> to<00:07:14.699> lose<00:07:14.880> money<00:07:15.120> when

how have you managed to lose money when

how have you managed to lose money when like<00:07:15.660> the<00:07:16.020> position<00:07:16.199> is<00:07:16.560> way<00:07:16.919> above<00:07:17.280> where<00:07:18.120> I

like the position is way above where I

like the position is way above where I told<00:07:18.479> you<00:07:18.720> and<00:07:19.680> it's<00:07:20.220> super<00:07:20.580> interesting<00:07:20.940> like

told you and it's super interesting like

told you and it's super interesting like psychologically<00:07:21.720> both<00:07:21.960> people<00:07:22.080> did<00:07:22.380> pretty

psychologically both people did pretty

psychologically both people did pretty much<00:07:22.620> the<00:07:22.800> exact<00:07:23.099> same<00:07:23.220> thing<00:07:23.460> I<00:07:23.880> told<00:07:24.060> them

much the exact same thing I told them

much the exact same thing I told them the<00:07:24.360> gold<00:07:24.479> price<00:07:24.660> are<00:07:24.900> going<00:07:24.960> to<00:07:25.080> go<00:07:25.199> up<00:07:25.259> and

the gold price are going to go up and

the gold price are going to go up and initially<00:07:25.740> they<00:07:25.919> didn't<00:07:26.039> do<00:07:26.220> anything<00:07:26.400> and

initially they didn't do anything and

initially they didn't do anything and they<00:07:27.120> waited<00:07:27.419> for<00:07:27.539> the<00:07:27.660> gold<00:07:27.780> price<00:07:27.960> to<00:07:28.199> go<00:07:28.319> up

they waited for the gold price to go up

they waited for the gold price to go up quite<00:07:28.620> a<00:07:28.740> lot<00:07:28.800> and<00:07:29.039> then<00:07:29.160> they<00:07:29.280> were<00:07:29.400> like<00:07:29.460> oh

quite a lot and then they were like oh

quite a lot and then they were like oh my<00:07:29.699> God<00:07:29.819> Gary<00:07:30.120> was<00:07:30.360> right<00:07:30.539> let's<00:07:30.960> buy<00:07:31.139> gold

my God Gary was right let's buy gold

my God Gary was right let's buy gold then<00:07:31.860> they<00:07:32.039> went<00:07:32.160> in<00:07:32.280> and<00:07:32.400> they<00:07:32.520> bought<00:07:32.639> a<00:07:32.759> load

then they went in and they bought a load

then they went in and they bought a load of<00:07:32.940> gold<00:07:33.000> and<00:07:33.240> the<00:07:33.479> price<00:07:33.599> went<00:07:33.780> up<00:07:33.900> a<00:07:34.020> bit

of gold and the price went up a bit

of gold and the price went up a bit further

further

further and<00:07:35.699> then<00:07:35.880> now<00:07:36.120> they've<00:07:36.240> made<00:07:36.419> a<00:07:36.539> lot<00:07:36.660> of<00:07:36.780> money

and then now they've made a lot of money

and then now they've made a lot of money and<00:07:37.620> in<00:07:37.860> both<00:07:38.039> cases<00:07:38.340> they<00:07:38.580> thought<00:07:38.759> oh<00:07:38.940> my<00:07:39.120> God

and in both cases they thought oh my God

and in both cases they thought oh my God I'm<00:07:40.199> a<00:07:40.319> genius<00:07:40.620> I've<00:07:40.979> got<00:07:41.160> an<00:07:41.280> amazing<00:07:41.580> trade

I'm a genius I've got an amazing trade

I'm a genius I've got an amazing trade and<00:07:42.539> they<00:07:42.720> started<00:07:43.020> to<00:07:43.080> put<00:07:43.199> on<00:07:43.380> loads<00:07:43.620> and

and they started to put on loads and

and they started to put on loads and loads<00:07:43.919> of<00:07:43.979> Trades<00:07:44.280> which<00:07:44.460> were<00:07:44.639> nothing<00:07:44.819> to<00:07:45.000> do

loads of Trades which were nothing to do

loads of Trades which were nothing to do with<00:07:45.180> anything<00:07:45.360> that<00:07:45.720> I<00:07:45.840> told<00:07:45.960> them<00:07:46.139> because

with anything that I told them because

with anything that I told them because they<00:07:46.860> made<00:07:47.099> a<00:07:47.280> bit<00:07:47.340> of<00:07:47.460> money<00:07:47.580> trading<00:07:47.940> and

they made a bit of money trading and

they made a bit of money trading and they<00:07:48.240> and<00:07:48.720> they<00:07:49.259> started<00:07:49.500> to<00:07:49.620> develop<00:07:49.860> this

they and they started to develop this

they and they started to develop this sort<00:07:50.340> of<00:07:50.460> false<00:07:51.180> confidence<00:07:51.479> in<00:07:51.780> their

sort of false confidence in their

sort of false confidence in their ability<00:07:52.139> as<00:07:52.319> a<00:07:52.440> Trader<00:07:52.740> even<00:07:52.919> though<00:07:53.160> they

ability as a Trader even though they

ability as a Trader even though they made<00:07:53.940> money<00:07:54.120> on<00:07:54.300> exactly<00:07:54.599> the<00:07:54.660> trade<00:07:54.900> that<00:07:55.080> I<00:07:55.259> I

made money on exactly the trade that I I

made money on exactly the trade that I I advise<00:07:55.800> them<00:07:56.360> they<00:07:57.360> developed<00:07:57.780> an

advise them they developed an

advise them they developed an overconfidence<00:07:58.380> that<00:07:58.680> meant<00:07:58.919> they<00:07:59.099> started

overconfidence that meant they started

overconfidence that meant they started to<00:07:59.639> put<00:08:00.419> a<00:08:00.539> lot<00:08:00.660> more<00:08:00.780> trades<00:08:01.139> on<00:08:01.259> put<00:08:01.500> a<00:08:01.560> lot

to put a lot more trades on put a lot

to put a lot more trades on put a lot more<00:08:01.800> bets<00:08:02.160> on<00:08:02.220> increase<00:08:02.400> the<00:08:02.699> size<00:08:02.880> of<00:08:03.060> their

more bets on increase the size of their

more bets on increase the size of their bets<00:08:03.539> and<00:08:04.080> then<00:08:04.380> when<00:08:04.620> it<00:08:04.800> came<00:08:05.220> down<00:08:05.400> a<00:08:05.580> little

bets and then when it came down a little

bets and then when it came down a little bit<00:08:05.880> the<00:08:06.840> other<00:08:06.960> bits<00:08:07.259> which<00:08:07.440> they<00:08:07.620> put<00:08:07.740> on

bit the other bits which they put on

bit the other bits which they put on were<00:08:08.759> basically<00:08:09.419> to<00:08:09.840> the<00:08:10.020> same<00:08:10.139> bet<00:08:10.319> in<00:08:10.500> other

were basically to the same bet in other

were basically to the same bet in other ways<00:08:11.039> everything<00:08:11.520> came<00:08:11.819> down<00:08:12.000> and<00:08:12.120> they<00:08:12.240> ran

ways everything came down and they ran

ways everything came down and they ran out<00:08:12.720> of<00:08:12.840> money<00:08:13.020> and<00:08:13.919> that<00:08:14.340> basically<00:08:14.639> made<00:08:14.940> me

out of money and that basically made me

out of money and that basically made me realize

realize

realize how<00:08:16.860> diff<00:08:17.099> how<00:08:17.460> dangerous<00:08:17.819> it<00:08:18.000> is<00:08:18.120> to<00:08:18.300> teach

how diff how dangerous it is to teach

how diff how dangerous it is to teach people<00:08:18.599> how<00:08:18.840> to<00:08:19.020> trade<00:08:19.259> because

people how to trade because

people how to trade because trading<00:08:21.479> is<00:08:21.660> a<00:08:21.780> crazy<00:08:21.900> thing<00:08:22.139> and<00:08:22.259> if<00:08:22.379> you<00:08:22.680> look

trading is a crazy thing and if you look

trading is a crazy thing and if you look at<00:08:22.860> what<00:08:22.979> these<00:08:23.160> people<00:08:23.280> did

at what these people did

at what these people did it's<00:08:25.020> quite<00:08:25.199> mad<00:08:25.379> what<00:08:25.620> they<00:08:25.740> did<00:08:25.860> right

it's quite mad what they did right

it's quite mad what they did right because<00:08:26.220> they<00:08:26.460> had<00:08:26.580> a<00:08:26.699> trading

because they had a trading

because they had a trading recommendation<00:08:27.419> from<00:08:27.840> me<00:08:28.680> like<00:08:29.160> a<00:08:29.460> formerly

recommendation from me like a formerly

recommendation from me like a formerly very<00:08:30.180> successful<00:08:30.539> professional<00:08:30.960> Trader<00:08:31.379> what

very successful professional Trader what

very successful professional Trader what they<00:08:32.099> should<00:08:32.219> have<00:08:32.339> done<00:08:32.520> is<00:08:32.820> just<00:08:33.060> done<00:08:33.300> the

they should have done is just done the

they should have done is just done the thing<00:08:33.599> that<00:08:33.719> I<00:08:33.779> told<00:08:33.959> them<00:08:34.080> to<00:08:34.260> do<00:08:34.380> but<00:08:35.039> they

thing that I told them to do but they

thing that I told them to do but they didn't<00:08:35.339> do<00:08:35.580> that<00:08:35.700> right<00:08:35.880> they<00:08:36.240> it<00:08:37.080> first<00:08:37.380> they

didn't do that right they it first they

didn't do that right they it first they didn't<00:08:37.680> listen<00:08:37.860> to<00:08:38.099> the<00:08:38.099> advice<00:08:38.399> they<00:08:38.700> waited

didn't listen to the advice they waited

didn't listen to the advice they waited till<00:08:39.060> it<00:08:39.180> moved<00:08:39.360> and<00:08:39.479> then<00:08:39.599> they<00:08:39.719> got<00:08:39.839> in<00:08:40.020> then

till it moved and then they got in then

till it moved and then they got in then when<00:08:40.800> it<00:08:40.919> moved<00:08:41.099> a<00:08:41.219> bit<00:08:41.279> further<00:08:41.640> they<00:08:42.419> kind<00:08:42.599> of

when it moved a bit further they kind of

when it moved a bit further they kind of thought

thought

thought it<00:08:44.700> was<00:08:44.820> because<00:08:45.000> of<00:08:45.300> their<00:08:45.839> ability<00:08:46.200> and<00:08:46.500> they

it was because of their ability and they

it was because of their ability and they developed<00:08:47.220> a<00:08:47.339> sort<00:08:47.459> of<00:08:47.580> false<00:08:47.880> understanding

developed a sort of false understanding

developed a sort of false understanding a<00:08:48.720> false<00:08:49.019> belief<00:08:49.260> that<00:08:49.380> they<00:08:49.560> themselves<00:08:50.040> are

a false belief that they themselves are

a false belief that they themselves are very<00:08:50.279> good<00:08:50.459> Traders<00:08:50.700> when<00:08:50.880> in<00:08:51.000> reality<00:08:51.300> they

very good Traders when in reality they

very good Traders when in reality they were<00:08:51.600> just<00:08:51.720> copying<00:08:52.140> a<00:08:52.500> tip<00:08:52.680> that<00:08:52.800> they<00:08:52.920> got

were just copying a tip that they got

were just copying a tip that they got from<00:08:53.220> me<00:08:53.399> and<00:08:53.580> it<00:08:53.760> was<00:08:53.820> really<00:08:54.000> just<00:08:54.240> one<00:08:54.540> trade

from me and it was really just one trade

from me and it was really just one trade and<00:08:55.260> they<00:08:55.380> put<00:08:55.500> a<00:08:55.620> load<00:08:55.800> of<00:08:55.860> stuff<00:08:55.980> on<00:08:56.160> so

and they put a load of stuff on so

and they put a load of stuff on so from<00:08:58.260> my

from my

from my since<00:09:00.540> then<00:09:00.779> I've

since then I've

since then I've we<00:09:03.060> saw<00:09:03.300> that<00:09:03.540> the<00:09:03.779> massive<00:09:04.080> what<00:09:04.740> I<00:09:04.860> think<00:09:04.980> is

we saw that the massive what I think is

we saw that the massive what I think is a<00:09:05.220> bubble<00:09:05.519> in<00:09:05.640> crypto

a bubble in crypto

a bubble in crypto um<00:09:06.660> which<00:09:07.019> which<00:09:07.260> did<00:09:07.560> a<00:09:07.680> similar<00:09:07.860> thing<00:09:07.980> to<00:09:08.100> a

um which which did a similar thing to a

um which which did a similar thing to a lot<00:09:08.279> of<00:09:08.339> people<00:09:08.459> right<00:09:08.700> A<00:09:08.820> lot<00:09:08.880> of<00:09:08.940> people<00:09:09.060> got

lot of people right A lot of people got

lot of people right A lot of people got dragged<00:09:09.540> into<00:09:09.600> this<00:09:09.899> thing<00:09:10.080> they<00:09:10.500> bet<00:09:10.740> on<00:09:10.860> it

dragged into this thing they bet on it

dragged into this thing they bet on it going<00:09:11.100> up<00:09:11.220> it<00:09:11.399> did<00:09:11.580> go<00:09:11.760> up<00:09:11.880> they<00:09:12.300> got

going up it did go up they got

going up it did go up they got overconfident<00:09:13.019> they<00:09:13.500> they<00:09:13.680> made<00:09:13.860> bigger<00:09:14.160> bets

overconfident they they made bigger bets

overconfident they they made bigger bets and<00:09:14.519> then<00:09:14.640> it<00:09:14.760> collapsed<00:09:15.240> and<00:09:15.300> a<00:09:15.480> lot<00:09:15.540> of

and then it collapsed and a lot of

and then it collapsed and a lot of people<00:09:15.660> lost<00:09:15.779> a<00:09:15.959> lot<00:09:16.019> of<00:09:16.140> money<00:09:16.260> and<00:09:16.920> I<00:09:17.040> was

people lost a lot of money and I was

people lost a lot of money and I was worried<00:09:17.459> about<00:09:17.519> that<00:09:17.760> happening<00:09:18.000> so<00:09:18.180> I<00:09:18.300> got<00:09:18.480> in

worried about that happening so I got in

worried about that happening so I got in touch<00:09:18.839> with<00:09:19.320> a<00:09:19.740> guy<00:09:19.980> called<00:09:20.160> Matt<00:09:20.279> Zab<00:09:20.580> cousin

touch with a guy called Matt Zab cousin

touch with a guy called Matt Zab cousin who<00:09:21.000> got<00:09:21.120> an<00:09:21.240> interview<00:09:21.300> with<00:09:21.480> him<00:09:21.660> on<00:09:21.779> the

who got an interview with him on the

who got an interview with him on the channel<00:09:22.019> and<00:09:22.800> he<00:09:23.100> runs

channel and he runs

channel and he runs an<00:09:24.600> organization<00:09:25.019> to<00:09:25.260> help<00:09:25.440> people<00:09:25.560> with

an organization to help people with

an organization to help people with gambling<00:09:26.100> addiction<00:09:26.459> and<00:09:27.240> I<00:09:27.360> said<00:09:27.540> to<00:09:27.660> him

gambling addiction and I said to him

gambling addiction and I said to him look

look

look I<00:09:29.940> knew<00:09:30.180> in<00:09:30.360> covert<00:09:30.779> there'd<00:09:31.019> been<00:09:31.080> a<00:09:31.200> massive

I knew in covert there'd been a massive

I knew in covert there'd been a massive increase<00:09:31.500> in<00:09:31.740> people<00:09:31.860> doing<00:09:32.100> using<00:09:32.399> online

increase in people doing using online

increase in people doing using online trading<00:09:33.000> platforms<00:09:33.420> and<00:09:33.720> also<00:09:33.899> betting<00:09:34.380> on

trading platforms and also betting on

trading platforms and also betting on cryptocurrencies<00:09:35.220> and<00:09:36.000> I<00:09:36.180> I<00:09:36.420> said<00:09:36.660> to<00:09:36.779> him

cryptocurrencies and I I said to him

cryptocurrencies and I I said to him have<00:09:37.440> you<00:09:37.620> seen<00:09:37.980> an<00:09:38.700> increase<00:09:38.880> in

have you seen an increase in

have you seen an increase in problem<00:09:40.860> gambling<00:09:41.459> which<00:09:41.760> is<00:09:41.880> not<00:09:42.060> coming

problem gambling which is not coming

problem gambling which is not coming through<00:09:42.540> the<00:09:42.839> traditional<00:09:43.200> ways<00:09:43.620> Sports

through the traditional ways Sports

through the traditional ways Sports gambling<00:09:44.540> uh<00:09:45.540> you<00:09:45.660> know<00:09:45.779> online<00:09:45.959> casino

gambling uh you know online casino

gambling uh you know online casino things

things

things um<00:09:47.760> and<00:09:48.000> it's<00:09:48.120> coming<00:09:48.300> through<00:09:48.600> online

um and it's coming through online

um and it's coming through online trading<00:09:49.500> and<00:09:49.620> cryptocurrencies<00:09:50.220> and<00:09:50.399> he<00:09:50.580> said

trading and cryptocurrencies and he said

trading and cryptocurrencies and he said massively<00:09:51.779> we<00:09:51.959> have<00:09:52.080> seen<00:09:52.320> a<00:09:52.620> massive

massively we have seen a massive

massively we have seen a massive increase<00:09:52.980> of<00:09:53.279> people<00:09:53.399> who<00:09:53.580> are<00:09:53.640> losing<00:09:53.880> money

increase of people who are losing money

increase of people who are losing money online<00:09:54.720> trading<00:09:55.140> and<00:09:55.320> cryptocurrencies

online trading and cryptocurrencies

online trading and cryptocurrencies um

um

um so<00:09:59.040> then<00:09:59.220> I<00:09:59.399> saw<00:09:59.580> then

so then I saw then

so then I saw then loads<00:10:02.040> of<00:10:02.100> people<00:10:02.220> at<00:10:02.640> that<00:10:02.820> time<00:10:02.940> crypto<00:10:03.420> was

loads of people at that time crypto was

loads of people at that time crypto was still<00:10:03.720> in<00:10:03.839> a<00:10:03.959> boom<00:10:04.260> right<00:10:04.440> and<00:10:04.800> everybody<00:10:05.279> was

still in a boom right and everybody was

still in a boom right and everybody was super<00:10:05.760> excited<00:10:06.180> about<00:10:06.240> it<00:10:06.480> so<00:10:07.440> I<00:10:07.680> started

super excited about it so I started

super excited about it so I started talking<00:10:08.459> about<00:10:08.700> crypto<00:10:09.060> on<00:10:09.180> the<00:10:09.360> news<00:10:09.480> trying

talking about crypto on the news trying

talking about crypto on the news trying to<00:10:10.080> tell<00:10:10.380> people<00:10:10.560> to<00:10:10.740> avoid<00:10:11.040> it<00:10:11.160> we<00:10:11.339> made<00:10:11.459> a

to tell people to avoid it we made a

to tell people to avoid it we made a video<00:10:11.760> about<00:10:11.880> crypto<00:10:12.180> on<00:10:12.420> the<00:10:12.540> channels

video about crypto on the channels

video about crypto on the channels trying<00:10:13.019> to<00:10:13.200> tell<00:10:13.260> people<00:10:13.380> to<00:10:13.620> avoid<00:10:13.860> it<00:10:14.040> that

trying to tell people to avoid it that

trying to tell people to avoid it that is<00:10:14.940> still<00:10:15.060> my<00:10:15.240> stance<00:10:15.420> if<00:10:15.660> you<00:10:15.779> should<00:10:15.899> avoid

is still my stance if you should avoid

is still my stance if you should avoid it<00:10:16.260> I<00:10:16.440> think<00:10:16.560> it's<00:10:16.860> a<00:10:17.160> extremely<00:10:17.760> dangerous

it I think it's a extremely dangerous

it I think it's a extremely dangerous investment<00:10:18.779> if<00:10:19.019> you<00:10:19.080> could<00:10:19.200> I<00:10:19.380> wouldn't<00:10:19.500> even

investment if you could I wouldn't even

investment if you could I wouldn't even call<00:10:19.800> it<00:10:19.920> an<00:10:19.980> investment<00:10:20.279> really

call it an investment really

call it an investment really um

um

um and<00:10:22.680> then<00:10:22.800> I<00:10:22.980> started<00:10:23.220> getting<00:10:23.339> messages<00:10:23.580> from

and then I started getting messages from

and then I started getting messages from from<00:10:24.240> people<00:10:24.480> who'd<00:10:24.720> been<00:10:24.779> getting<00:10:24.899> involved

from people who'd been getting involved

from people who'd been getting involved in<00:10:25.320> crypto<00:10:25.740> and<00:10:26.300> very<00:10:27.300> often<00:10:27.600> what<00:10:27.839> the

in crypto and very often what the

in crypto and very often what the messages<00:10:28.140> said<00:10:28.560> were

messages said were

messages said were you<00:10:30.120> know<00:10:30.240> I<00:10:30.360> I<00:10:30.480> got<00:10:30.779> involved<00:10:31.140> in<00:10:31.200> trading

you know I I got involved in trading

you know I I got involved in trading crypto<00:10:31.920> and<00:10:32.100> you<00:10:32.220> know<00:10:32.220> I<00:10:32.339> was<00:10:32.459> doing<00:10:32.580> really

crypto and you know I was doing really

crypto and you know I was doing really well<00:10:32.940> but<00:10:33.120> you<00:10:33.360> know<00:10:33.420> I<00:10:33.540> made<00:10:33.660> a<00:10:33.779> mistake<00:10:34.080> and

well but you know I made a mistake and

well but you know I made a mistake and I've<00:10:34.380> lost<00:10:34.560> all<00:10:34.740> my<00:10:34.860> money<00:10:34.980> and<00:10:35.160> I<00:10:35.339> was

I've lost all my money and I was

I've lost all my money and I was wondering<00:10:35.700> if<00:10:35.880> you<00:10:36.060> could<00:10:36.240> give<00:10:36.720> me<00:10:36.839> some

wondering if you could give me some

wondering if you could give me some advice<00:10:37.260> on<00:10:37.440> how<00:10:37.620> to<00:10:37.680> trade<00:10:37.920> it<00:10:38.040> in<00:10:38.160> the<00:10:38.279> future

advice on how to trade it in the future

advice on how to trade it in the future and<00:10:40.560> you<00:10:41.100> know<00:10:41.160> I<00:10:41.339> want<00:10:41.459> you<00:10:41.580> to<00:10:41.700> sort<00:10:41.880> of

and you know I want you to sort of

and you know I want you to sort of sit<00:10:43.260> back<00:10:43.440> and<00:10:43.620> think<00:10:43.800> about<00:10:43.920> that<00:10:44.220> message

sit back and think about that message

sit back and think about that message right<00:10:44.640> because<00:10:44.940> these<00:10:45.180> are<00:10:45.300> people<00:10:45.540> who<00:10:46.019> got

right because these are people who got

right because these are people who got involved<00:10:47.100> in<00:10:47.279> something<00:10:47.459> which<00:10:47.760> you<00:10:48.420> know<00:10:48.540> I

involved in something which you know I

involved in something which you know I think<00:10:48.779> is<00:10:48.959> just<00:10:49.200> basically<00:10:49.560> a<00:10:49.800> fraudulent

think is just basically a fraudulent

think is just basically a fraudulent asset<00:10:50.820> doesn't<00:10:51.480> really<00:10:51.779> exist<00:10:52.140> it's<00:10:52.440> pure<00:10:53.040> con

asset doesn't really exist it's pure con

asset doesn't really exist it's pure con they've<00:10:54.839> lost<00:10:55.019> all<00:10:55.200> their<00:10:55.380> money

they've lost all their money

they've lost all their money and<00:10:57.720> their<00:10:57.959> plan<00:10:58.380> is<00:10:58.860> to<00:10:59.040> keep<00:10:59.220> trading<00:10:59.640> it

and their plan is to keep trading it

and their plan is to keep trading it you<00:11:00.839> know<00:11:00.959> when<00:11:01.680> I<00:11:01.860> see<00:11:02.040> the<00:11:02.279> you<00:11:02.700> know<00:11:02.760> and

you know when I see the you know and

you know when I see the you know and whenever<00:11:03.360> I<00:11:03.540> get<00:11:03.660> these<00:11:03.839> messages<00:11:04.019> it's<00:11:04.440> it's

whenever I get these messages it's it's

whenever I get these messages it's it's difficult<00:11:05.220> to<00:11:05.399> apply<00:11:05.579> to<00:11:05.700> all<00:11:05.820> my<00:11:05.940> messages

difficult to apply to all my messages

difficult to apply to all my messages nowadays<00:11:06.480> but<00:11:06.660> when<00:11:06.779> I<00:11:06.839> get<00:11:06.959> these<00:11:07.140> ones<00:11:07.320> I<00:11:07.440> try

nowadays but when I get these ones I try

nowadays but when I get these ones I try to<00:11:07.740> take<00:11:07.860> the<00:11:07.980> time<00:11:08.160> just<00:11:08.339> to<00:11:08.519> send<00:11:08.880> them<00:11:09.000> a

to take the time just to send them a

to take the time just to send them a message<00:11:09.240> back<00:11:09.480> saying<00:11:09.779> listen<00:11:09.959> you<00:11:10.860> need<00:11:10.980> to

message back saying listen you need to

message back saying listen you need to understand<00:11:11.160> that<00:11:11.459> what<00:11:11.640> you<00:11:11.760> have<00:11:11.820> is<00:11:12.000> a

understand that what you have is a

understand that what you have is a gambling<00:11:12.420> addiction<00:11:12.779> and<00:11:13.380> you<00:11:13.560> need<00:11:13.740> to<00:11:13.860> stop

gambling addiction and you need to stop

gambling addiction and you need to stop doing<00:11:14.459> that<00:11:14.640> you<00:11:14.880> need<00:11:15.000> to<00:11:15.120> you<00:11:15.420> need<00:11:15.540> to<00:11:15.600> never

doing that you need to you need to never

doing that you need to you need to never trade<00:11:16.019> crypto<00:11:16.440> again

trade crypto again

trade crypto again um

um

um but<00:11:19.260> what<00:11:19.860> we<00:11:19.980> have<00:11:20.160> here<00:11:20.279> is<00:11:20.459> a<00:11:20.640> situation

but what we have here is a situation

but what we have here is a situation where

where

where the<00:11:22.920> way<00:11:23.100> that<00:11:23.339> these<00:11:24.180> trading<00:11:24.959> platforms<00:11:25.440> are

the way that these trading platforms are

the way that these trading platforms are designed

designed

designed um

um

um they're<00:11:29.100> designed<00:11:29.459> to<00:11:29.519> be<00:11:29.760> very<00:11:30.000> very

they're designed to be very very

they're designed to be very very addictive<00:11:30.920> and<00:11:31.920> they<00:11:32.640> show<00:11:32.820> you<00:11:32.940> all<00:11:33.060> these

addictive and they show you all these

addictive and they show you all these lines<00:11:33.660> going<00:11:33.839> up<00:11:33.959> lines<00:11:34.260> going<00:11:34.500> down<00:11:34.620> lots<00:11:34.980> of

lines going up lines going down lots of

lines going up lines going down lots of lots<00:11:35.279> of<00:11:35.339> information<00:11:35.459> lots<00:11:36.120> of<00:11:36.180> data<00:11:36.540> lots<00:11:36.899> of

lots of information lots of data lots of

lots of information lots of data lots of charts<00:11:37.500> you<00:11:37.620> can<00:11:37.740> draw<00:11:37.860> lines<00:11:38.220> on<00:11:38.519> lots<00:11:39.120> of

charts you can draw lines on lots of

charts you can draw lines on lots of analysis<00:11:39.600> you<00:11:39.779> can<00:11:39.899> do<00:11:39.959> lots<00:11:40.260> of<00:11:40.320> news<00:11:40.500> they

analysis you can do lots of news they

analysis you can do lots of news they want<00:11:41.579> to<00:11:41.760> give<00:11:41.880> you<00:11:42.000> the<00:11:42.180> impression<00:11:42.600> that<00:11:42.779> you

want to give you the impression that you

want to give you the impression that you are

are

are a<00:11:44.519> Trader<00:11:45.120> you<00:11:45.300> are<00:11:45.420> an<00:11:45.600> expert<00:11:45.839> but<00:11:46.079> the<00:11:46.260> truth

a Trader you are an expert but the truth

a Trader you are an expert but the truth is

is

is when<00:11:48.959> you<00:11:49.320> watch<00:11:50.100> some<00:11:50.279> videos<00:11:50.519> on<00:11:50.820> YouTube

when you watch some videos on YouTube

when you watch some videos on YouTube and<00:11:51.959> draw<00:11:52.800> some<00:11:53.040> lines<00:11:53.160> on<00:11:53.459> some<00:11:53.579> charts<00:11:53.940> and

and draw some lines on some charts and

and draw some lines on some charts and you<00:11:54.180> sit<00:11:54.360> down<00:11:54.480> at<00:11:54.720> your<00:11:54.839> laptop<00:11:55.079> and<00:11:55.260> you<00:11:55.380> do

you sit down at your laptop and you do

you sit down at your laptop and you do online<00:11:55.620> trading<00:11:56.220> you<00:11:56.940> are<00:11:57.120> competing<00:11:57.600> against

online trading you are competing against

online trading you are competing against me<00:11:58.320> and<00:11:58.860> you're<00:11:59.040> competing<00:11:59.399> against<00:11:59.640> people

me and you're competing against people

me and you're competing against people like<00:12:00.360> me<00:12:00.540> who<00:12:00.899> have<00:12:01.019> been<00:12:01.260> who<00:12:01.740> have<00:12:01.980> been

like me who have been who have been

like me who have been who have been waking<00:12:02.339> up<00:12:02.519> at<00:12:02.640> 5am<00:12:03.000> every<00:12:03.420> day<00:12:03.660> for<00:12:03.899> 15<00:12:04.079> years

waking up at 5am every day for 15 years

waking up at 5am every day for 15 years reading<00:12:05.339> thousands<00:12:05.700> of<00:12:05.820> email<00:12:05.940> doing<00:12:06.300> all<00:12:06.480> the

reading thousands of email doing all the

reading thousands of email doing all the analysis<00:12:07.079> with<00:12:07.860> um<00:12:07.860> with<00:12:08.279> massive<00:12:08.579> Banks

analysis with um with massive Banks

analysis with um with massive Banks behind<00:12:09.180> them<00:12:09.360> massive<00:12:10.320> amounts<00:12:10.620> of<00:12:10.680> money

behind them massive amounts of money

behind them massive amounts of money behind<00:12:11.160> them

behind them

behind them um

um

um and<00:12:13.980> I<00:12:14.160> think<00:12:14.339> to<00:12:14.519> think<00:12:14.700> that<00:12:14.940> you<00:12:15.000> can<00:12:15.120> make

and I think to think that you can make

and I think to think that you can make money<00:12:15.480> Trading

money Trading

money Trading you<00:12:18.180> know<00:12:18.240> just<00:12:18.420> because<00:12:18.540> even<00:12:18.720> you<00:12:18.959> watch<00:12:19.079> my

you know just because even you watch my

you know just because even you watch my videos<00:12:19.500> on<00:12:19.920> YouTube

videos on YouTube

videos on YouTube would<00:12:21.480> be<00:12:21.660> a<00:12:21.779> little<00:12:21.839> bit<00:12:22.019> like<00:12:22.200> me<00:12:22.560> you<00:12:23.040> know

would be a little bit like me you know

would be a little bit like me you know going<00:12:23.519> into<00:12:23.760> simran<00:12:24.240> and<00:12:24.360> saying<00:12:24.600> you<00:12:24.779> know

going into simran and saying you know

going into simran and saying you know I've<00:12:25.320> been<00:12:25.440> watching<00:12:25.740> some<00:12:25.920> videos

I've been watching some videos

I've been watching some videos on<00:12:27.360> YouTube<00:12:27.480> and<00:12:27.779> I<00:12:27.959> think<00:12:28.019> maybe<00:12:28.200> I<00:12:28.500> can<00:12:28.680> win

on YouTube and I think maybe I can win

on YouTube and I think maybe I can win the<00:12:29.519> 100<00:12:29.579> meters<00:12:29.940> at<00:12:30.120> the<00:12:30.240> Olympics<00:12:30.540> next<00:12:30.779> year

the 100 meters at the Olympics next year

the 100 meters at the Olympics next year you<00:12:31.500> know<00:12:31.620> like<00:12:31.860> it's<00:12:32.459> difficult<00:12:32.760> it's

you know like it's difficult it's

you know like it's difficult it's difficult<00:12:33.300> and<00:12:33.480> even<00:12:33.660> I

difficult and even I

difficult and even I limit<00:12:36.180> the<00:12:36.420> amount<00:12:36.600> of<00:12:36.660> risk<00:12:36.839> I<00:12:37.019> take<00:12:37.200> because

limit the amount of risk I take because

limit the amount of risk I take because I<00:12:37.800> know<00:12:37.920> you<00:12:38.220> know<00:12:38.279> I'm<00:12:38.459> making<00:12:38.820> a<00:12:39.060> YouTube<00:12:39.240> I'm

I know you know I'm making a YouTube I'm

I know you know I'm making a YouTube I'm writing<00:12:40.019> the<00:12:40.140> book<00:12:40.260> I'm<00:12:40.440> busy<00:12:40.680> with<00:12:40.800> stuff<00:12:40.980> and

writing the book I'm busy with stuff and

writing the book I'm busy with stuff and I<00:12:41.279> don't<00:12:41.399> have<00:12:41.519> the<00:12:41.640> time<00:12:41.760> to<00:12:41.880> throw<00:12:42.000> into<00:12:42.180> it

I don't have the time to throw into it

I don't have the time to throw into it and<00:12:42.540> it's<00:12:42.720> and<00:12:43.380> that's<00:12:43.560> even<00:12:43.800> me

and it's and that's even me

and it's and that's even me I<00:12:45.600> have<00:12:45.839> made<00:12:46.019> money<00:12:46.320> trading<00:12:46.800> but<00:12:47.399> you<00:12:47.639> know

I have made money trading but you know

I have made money trading but you know I've<00:12:48.360> got<00:12:48.540> a<00:12:48.720> massive<00:12:48.959> amount<00:12:49.139> of<00:12:49.320> cash<00:12:49.440> in<00:12:49.680> my

I've got a massive amount of cash in my

I've got a massive amount of cash in my bank<00:12:49.920> account<00:12:50.040> you<00:12:50.279> know<00:12:50.399> what<00:12:50.459> I<00:12:50.519> mean<00:12:50.700> in<00:12:51.180> my

bank account you know what I mean in my

bank account you know what I mean in my and<00:12:51.959> in<00:12:52.139> my<00:12:52.260> trading<00:12:52.500> account<00:12:52.620> if<00:12:52.920> I<00:12:53.040> lose

and in my trading account if I lose

and in my trading account if I lose money<00:12:53.399> I<00:12:53.639> can<00:12:53.700> add<00:12:53.880> more<00:12:54.060> money<00:12:54.240> in

money I can add more money in

money I can add more money in so<00:12:55.620> I<00:12:55.680> think

so I think

so I think if<00:12:56.820> you<00:12:56.940> come<00:12:57.060> in<00:12:57.240> with<00:12:57.480> you<00:12:58.079> know<00:12:58.200> 200<00:12:59.160> 300

if you come in with you know 200 300

if you come in with you know 200 300 Grand<00:12:59.760> then<00:13:00.120> you<00:13:00.300> are<00:13:00.680> formerly<00:13:01.680> an<00:13:01.920> extremely

Grand then you are formerly an extremely

Grand then you are formerly an extremely successful<00:13:02.579> professional<00:13:02.940> Trader

successful professional Trader

successful professional Trader even<00:13:05.279> then<00:13:05.579> I'm<00:13:05.880> saying<00:13:06.180> you<00:13:06.240> should<00:13:06.360> be

even then I'm saying you should be

even then I'm saying you should be careful<00:13:06.839> but<00:13:07.079> if<00:13:07.260> you<00:13:07.380> come<00:13:07.500> in<00:13:07.680> with<00:13:07.860> five<00:13:08.519> ten

careful but if you come in with five ten

careful but if you come in with five ten Grand<00:13:09.180> and<00:13:09.660> you've<00:13:09.839> got<00:13:09.899> no<00:13:10.200> professional

Grand and you've got no professional

Grand and you've got no professional experience

experience

experience number<00:13:12.779> one

number one

number one if<00:13:14.100> you're<00:13:14.220> coming<00:13:14.399> in<00:13:14.639> with<00:13:14.880> 10<00:13:15.180> 15<00:13:15.480> grand

if you're coming in with 10 15 grand

if you're coming in with 10 15 grand it's<00:13:16.800> going<00:13:16.980> to<00:13:17.040> be<00:13:17.160> impossible<00:13:17.579> to<00:13:17.820> make<00:13:18.000> any

it's going to be impossible to make any

it's going to be impossible to make any realistic<00:13:18.720> amount<00:13:19.019> of<00:13:19.139> money<00:13:19.320> without<00:13:19.980> taking

realistic amount of money without taking

realistic amount of money without taking insane<00:13:20.940> amounts<00:13:21.360> of<00:13:21.420> risk

insane amounts of risk

insane amounts of risk and<00:13:22.860> number<00:13:23.100> two

you're<00:13:26.279> probably<00:13:26.519> gonna<00:13:27.000> end<00:13:27.300> up<00:13:27.480> losing

you're probably gonna end up losing

you're probably gonna end up losing money<00:13:28.260> because<00:13:28.440> in<00:13:28.740> the<00:13:28.860> end<00:13:29.040> trading<00:13:29.880> is<00:13:30.000> a

money because in the end trading is a

money because in the end trading is a zero-sum<00:13:30.660> game<00:13:30.839> right<00:13:31.019> and<00:13:31.260> you<00:13:31.380> need<00:13:31.500> to<00:13:31.620> ask

zero-sum game right and you need to ask

zero-sum game right and you need to ask yourself<00:13:31.980> who<00:13:32.399> are<00:13:32.579> likely<00:13:32.820> to<00:13:32.940> be<00:13:33.060> the

yourself who are likely to be the

yourself who are likely to be the winners<00:13:33.480> and<00:13:34.019> who<00:13:34.139> are<00:13:34.260> likely<00:13:34.500> to<00:13:34.680> be<00:13:34.800> the

winners and who are likely to be the

winners and who are likely to be the losers<00:13:35.399> when<00:13:35.940> it<00:13:36.060> comes<00:13:36.300> to<00:13:36.480> you<00:13:36.720> versus<00:13:37.440> the

losers when it comes to you versus the

losers when it comes to you versus the professionals<00:13:38.399> who<00:13:38.639> have<00:13:38.760> all<00:13:38.940> the

professionals who have all the

professionals who have all the information<00:13:39.240> I<00:13:39.600> know<00:13:39.720> the<00:13:39.899> experience

information I know the experience

information I know the experience so<00:13:41.760> on<00:13:42.420> IG<00:13:42.720> index<00:13:42.959> on<00:13:43.139> the<00:13:43.200> home<00:13:43.680> page<00:13:43.980> they

so on IG index on the home page they

so on IG index on the home page they always<00:13:44.760> show<00:13:45.000> like<00:13:45.180> the<00:13:45.360> percentage<00:13:46.019> of<00:13:46.139> of

always show like the percentage of of

always show like the percentage of of accounts<00:13:46.980> that<00:13:47.100> lose<00:13:47.279> money<00:13:47.579> and<00:13:48.120> I<00:13:48.240> remember

accounts that lose money and I remember

accounts that lose money and I remember when<00:13:49.380> crypto<00:13:49.800> is<00:13:50.040> at<00:13:50.220> the<00:13:50.339> very<00:13:50.399> very<00:13:50.579> topic

when crypto is at the very very topic

when crypto is at the very very topic came<00:13:51.120> down<00:13:51.300> to<00:13:51.480> as<00:13:51.660> low<00:13:51.779> as<00:13:51.899> 60<00:13:52.139> only<00:13:52.920> 60<00:13:53.160> of

came down to as low as 60 only 60 of

came down to as low as 60 only 60 of accounts<00:13:53.820> were<00:13:53.880> losing<00:13:54.180> money<00:13:54.360> since<00:13:55.019> the

accounts were losing money since the

accounts were losing money since the crypto<00:13:55.560> collapse<00:13:56.480> 77<00:13:57.480> of<00:13:58.320> accounts<00:13:58.800> on<00:13:58.860> that

crypto collapse 77 of accounts on that

crypto collapse 77 of accounts on that website<00:13:59.339> lose<00:13:59.700> money<00:14:00.060> and

website lose money and

website lose money and you<00:14:01.680> know<00:14:01.860> I'm<00:14:02.279> on<00:14:02.459> that<00:14:02.579> website<00:14:02.940> I'm<00:14:03.839> making

you know I'm on that website I'm making

you know I'm on that website I'm making money<00:14:04.320> I'm<00:14:04.680> a<00:14:04.860> professional

money I'm a professional

money I'm a professional former<00:14:06.720> profession<00:14:06.959> with<00:14:07.139> a<00:14:07.320> lot<00:14:07.380> of

former profession with a lot of

former profession with a lot of experience

experience

experience you<00:14:09.779> need<00:14:09.899> to<00:14:10.019> ask<00:14:10.200> yourself

you need to ask yourself

you need to ask yourself realistically<00:14:12.420> is<00:14:12.959> this<00:14:13.079> a<00:14:13.260> way<00:14:13.440> that<00:14:14.160> that<00:14:14.399> I

realistically is this a way that that I

realistically is this a way that that I can<00:14:14.820> make<00:14:15.000> money<00:14:15.180> that<00:14:15.360> we<00:14:15.480> can<00:14:15.600> make<00:14:15.779> money

can make money that we can make money

can make money that we can make money and<00:14:16.680> um

and um

and um my<00:14:18.120> concern<00:14:18.600> really<00:14:18.839> is<00:14:19.019> that<00:14:19.200> websites<00:14:19.680> like

my concern really is that websites like

my concern really is that websites like this

this

this are<00:14:21.660> taking<00:14:21.899> advantage<00:14:22.320> of<00:14:22.440> a<00:14:22.560> situation

are taking advantage of a situation

are taking advantage of a situation where<00:14:23.760> it's<00:14:24.540> increasingly<00:14:25.139> very<00:14:25.380> very

where it's increasingly very very

where it's increasingly very very difficult<00:14:25.920> for<00:14:26.279> ordinary<00:14:26.880> people<00:14:27.180> to

difficult for ordinary people to

difficult for ordinary people to make<00:14:28.860> any<00:14:29.100> decent<00:14:29.399> money<00:14:29.519> or<00:14:29.760> even<00:14:29.820> to<00:14:30.060> get

make any decent money or even to get

make any decent money or even to get Financial<00:14:31.680> Security<00:14:32.100> really<00:14:32.639> and<00:14:33.120> at<00:14:33.240> the

Financial Security really and at the

Financial Security really and at the same<00:14:33.480> time<00:14:33.600> because<00:14:33.839> there's<00:14:34.019> so<00:14:34.260> much

same time because there's so much

same time because there's so much inequality

inequality

inequality we<00:14:37.320> have<00:14:37.440> to<00:14:37.560> live<00:14:37.740> in<00:14:37.860> a<00:14:37.980> world<00:14:38.100> where<00:14:38.579> despite

we have to live in a world where despite

we have to live in a world where despite the<00:14:39.660> fact<00:14:39.779> you<00:14:40.019> might<00:14:40.199> not<00:14:40.320> be<00:14:40.440> able<00:14:40.560> to<00:14:40.680> make<00:14:40.800> a

the fact you might not be able to make a

the fact you might not be able to make a lot<00:14:40.980> of<00:14:41.040> money<00:14:41.160> and<00:14:41.339> Ordinary<00:14:41.699> People<00:14:41.880> are

lot of money and Ordinary People are

lot of money and Ordinary People are finding<00:14:42.480> it<00:14:42.540> really<00:14:42.660> difficult<00:14:42.899> to<00:14:42.959> make

finding it really difficult to make

finding it really difficult to make money<00:14:43.320> there<00:14:44.160> are<00:14:44.279> a<00:14:44.399> lot<00:14:44.459> of<00:14:44.579> super<00:14:44.699> rich

money there are a lot of super rich

money there are a lot of super rich people<00:14:45.120> around<00:14:45.420> you<00:14:45.660> and<00:14:45.899> wealthy<00:14:46.260> people<00:14:46.380> who

people around you and wealthy people who

people around you and wealthy people who who<00:14:46.800> are<00:14:47.160> normally<00:14:47.339> getting<00:14:47.459> that<00:14:47.699> money<00:14:47.760> from

who are normally getting that money from

who are normally getting that money from from<00:14:48.000> their<00:14:48.420> parents<00:14:48.779> so<00:14:49.019> that<00:14:49.320> creates<00:14:49.500> a

from their parents so that creates a

from their parents so that creates a situation<00:14:49.800> where<00:14:49.980> it's<00:14:50.220> very<00:14:50.339> very<00:14:50.519> difficult

situation where it's very very difficult

situation where it's very very difficult because<00:14:51.000> ordinary<00:14:51.480> people<00:14:51.720> have<00:14:51.899> to<00:14:52.079> struggle

because ordinary people have to struggle

because ordinary people have to struggle whilst<00:14:53.220> watching<00:14:53.639> rich<00:14:53.880> people<00:14:54.120> all<00:14:54.420> around

whilst watching rich people all around

whilst watching rich people all around them

them

them um<00:14:56.100> and<00:14:56.579> I<00:14:56.699> think<00:14:56.820> that<00:14:57.180> creates<00:14:57.600> a

um and I think that creates a

um and I think that creates a vulnerability<00:14:58.260> that<00:14:58.500> is<00:14:58.620> really<00:14:58.740> being

vulnerability that is really being

vulnerability that is really being exploited<00:14:59.339> by<00:14:59.459> these<00:14:59.699> websites<00:15:00.060> selling<00:15:00.480> you

exploited by these websites selling you

exploited by these websites selling you a<00:15:00.779> dream<00:15:00.899> like

a dream like

a dream like we'll<00:15:02.279> get<00:15:02.519> into<00:15:02.579> our<00:15:02.820> website<00:15:03.120> you<00:15:03.420> can<00:15:03.540> do

we'll get into our website you can do

we'll get into our website you can do trading<00:15:04.019> you<00:15:04.199> can<00:15:04.320> make<00:15:04.440> a<00:15:04.560> ton<00:15:04.680> of<00:15:04.800> money

trading you can make a ton of money

trading you can make a ton of money um

um

um and<00:15:06.720> look<00:15:06.959> I<00:15:07.199> would<00:15:07.620> love<00:15:07.800> I<00:15:08.160> would<00:15:08.279> love<00:15:08.459> to<00:15:08.579> be

and look I would love I would love to be

and look I would love I would love to be able<00:15:08.880> to<00:15:09.060> sell<00:15:09.240> you<00:15:09.360> a<00:15:09.540> bunch<00:15:09.660> of<00:15:09.779> trading<00:15:10.139> tips

able to sell you a bunch of trading tips

able to sell you a bunch of trading tips and<00:15:11.639> you<00:15:11.820> go<00:15:12.000> out<00:15:12.120> there<00:15:12.300> and<00:15:12.420> you'll<00:15:12.779> become

and you go out there and you'll become

and you go out there and you'll become millionaires<00:15:13.500> but<00:15:13.740> look

millionaires but look

millionaires but look if<00:15:15.420> it<00:15:15.600> was<00:15:15.720> that<00:15:15.959> easy<00:15:16.139> you<00:15:17.040> know<00:15:17.160> I<00:15:17.579> would<00:15:17.699> be

if it was that easy you know I would be

if it was that easy you know I would be a<00:15:17.940> lot<00:15:18.060> richer<00:15:18.300> than<00:15:18.420> I<00:15:18.600> am<00:15:18.720> you<00:15:19.019> know<00:15:19.139> what<00:15:19.199> I

a lot richer than I am you know what I

a lot richer than I am you know what I mean<00:15:19.440> you<00:15:19.800> know<00:15:19.860> I<00:15:20.339> put<00:15:20.519> a<00:15:20.639> decent<00:15:20.880> amount<00:15:21.000> of

mean you know I put a decent amount of

mean you know I put a decent amount of money<00:15:21.240> into<00:15:21.360> trading<00:15:21.779> and<00:15:21.899> I<00:15:22.079> make<00:15:22.320> some<00:15:22.680> money

money into trading and I make some money

money into trading and I make some money from<00:15:23.160> it

from it

from it um<00:15:24.360> and<00:15:24.779> I<00:15:24.899> don't<00:15:25.019> put<00:15:25.199> more<00:15:25.440> because<00:15:25.740> because

um and I don't put more because because

um and I don't put more because because it's<00:15:26.519> super<00:15:26.760> difficult<00:15:27.120> and<00:15:27.360> not<00:15:27.600> and<00:15:28.079> it's

it's super difficult and not and it's

it's super difficult and not and it's too<00:15:29.160> risky<00:15:29.519> you<00:15:29.880> know<00:15:29.940> and<00:15:30.180> and<00:15:30.420> that's

too risky you know and and that's

too risky you know and and that's someone<00:15:31.079> like<00:15:31.260> me<00:15:31.440> who<00:15:31.560> has<00:15:31.680> money<00:15:31.920> to<00:15:32.100> lose<00:15:32.279> so

someone like me who has money to lose so

someone like me who has money to lose so you<00:15:33.480> know<00:15:33.540> investing<00:15:33.959> is<00:15:34.139> a<00:15:34.260> different<00:15:34.440> thing

you know investing is a different thing

you know investing is a different thing um<00:15:35.279> there's<00:15:35.459> already<00:15:35.639> a<00:15:35.880> video<00:15:35.940> on<00:15:36.060> the

um there's already a video on the

um there's already a video on the channel<00:15:36.300> called<00:15:36.480> basics<00:15:36.779> of<00:15:36.899> investing<00:15:37.320> I

channel called basics of investing I

channel called basics of investing I would<00:15:38.220> encourage<00:15:38.579> anyone<00:15:38.940> if<00:15:39.120> it's<00:15:39.300> possible

would encourage anyone if it's possible

would encourage anyone if it's possible to<00:15:40.199> try<00:15:40.800> and<00:15:40.920> save<00:15:41.100> as<00:15:41.279> much<00:15:41.459> money<00:15:41.639> as<00:15:41.820> you<00:15:42.000> can

to try and save as much money as you can

to try and save as much money as you can and<00:15:42.300> build<00:15:42.480> that<00:15:42.660> up<00:15:42.839> into<00:15:42.959> real<00:15:43.199> assets

and build that up into real assets

and build that up into real assets stocks<00:15:46.560> gold<00:15:46.920> property<00:15:47.459> if<00:15:47.639> it's<00:15:47.760> possible

stocks gold property if it's possible

stocks gold property if it's possible whilst<00:15:48.899> always<00:15:49.139> understanding<00:15:49.740> that<00:15:49.920> even

whilst always understanding that even

whilst always understanding that even those<00:15:50.339> Investments<00:15:50.940> can<00:15:51.300> lose<00:15:51.480> money<00:15:51.720> and<00:15:51.899> in

those Investments can lose money and in

those Investments can lose money and in many<00:15:52.199> cases<00:15:52.500> will<00:15:52.800> lose<00:15:52.980> money<00:15:53.160> over<00:15:53.339> short

many cases will lose money over short

many cases will lose money over short periods<00:15:53.940> of<00:15:54.060> time

periods of time

periods of time um I<00:15:55.800> would<00:15:55.920> encourage<00:15:56.279> anyone<00:15:56.579> to<00:15:56.699> do<00:15:56.820> that

um I would encourage anyone to do that

um I would encourage anyone to do that if<00:15:57.300> you<00:15:57.420> want<00:15:57.540> to<00:15:57.600> know<00:15:57.660> about<00:15:57.779> investing

if you want to know about investing

if you want to know about investing watch<00:15:58.380> that<00:15:58.560> video<00:15:58.740> but<00:15:59.040> you<00:15:59.220> need<00:15:59.339> to

watch that video but you need to

watch that video but you need to understand<00:15:59.579> trading<00:16:00.240> it's<00:16:00.480> not<00:16:00.660> investing

understand trading it's not investing

understand trading it's not investing trading<00:16:01.980> is<00:16:02.100> gambling<00:16:02.519> trading<00:16:03.300> is<00:16:03.420> super

trading is gambling trading is super

trading is gambling trading is super dangerous

dangerous

dangerous um I<00:16:05.880> was<00:16:06.000> a<00:16:06.240> professional<00:16:06.540> Trader<00:16:06.899> and<00:16:07.079> even

um I was a professional Trader and even

um I was a professional Trader and even I<00:16:07.680> severely<00:16:08.220> limit<00:16:08.339> the<00:16:08.579> amount<00:16:08.820> of<00:16:08.880> trading

I severely limit the amount of trading

I severely limit the amount of trading that<00:16:09.180> I<00:16:09.300> do<00:16:09.420> because<00:16:09.600> it's<00:16:09.779> dangerous<00:16:10.139> and

that I do because it's dangerous and

that I do because it's dangerous and because<00:16:10.500> it's<00:16:10.680> risky<00:16:11.100> so<00:16:11.699> um

because it's risky so um

because it's risky so um you<00:16:12.959> know<00:16:13.019> the<00:16:13.139> reason<00:16:13.320> that<00:16:13.620> I<00:16:13.680> do<00:16:13.920> this

you know the reason that I do this

you know the reason that I do this channel<00:16:14.339> is<00:16:14.820> because

channel is because

channel is because I<00:16:16.860> don't<00:16:16.980> think<00:16:17.160> it's<00:16:17.519> possible

I don't think it's possible

I don't think it's possible for<00:16:19.980> the<00:16:20.220> majority<00:16:20.519> of<00:16:20.639> ordinary<00:16:21.180> families<00:16:21.600> to

for the majority of ordinary families to

for the majority of ordinary families to to<00:16:22.079> move<00:16:22.320> to<00:16:22.500> financial<00:16:22.680> stability<00:16:23.300> in<00:16:24.300> a

to move to financial stability in a

to move to financial stability in a system<00:16:24.600> which<00:16:25.019> is<00:16:25.260> gradually<00:16:26.100> and

system which is gradually and

system which is gradually and increasingly<00:16:27.180> quickly<00:16:27.600> draining<00:16:28.560> the<00:16:28.680> wealth

increasingly quickly draining the wealth

increasingly quickly draining the wealth away<00:16:29.100> from<00:16:29.519> ordinary<00:16:29.880> families<00:16:30.180> in<00:16:30.300> the

away from ordinary families in the

away from ordinary families in the middle<00:16:30.480> class<00:16:30.600> to<00:16:30.779> all<00:16:30.959> the<00:16:31.079> super<00:16:31.260> rich<00:16:31.500> I

middle class to all the super rich I

middle class to all the super rich I look<00:16:32.279> at<00:16:32.459> the<00:16:32.579> system<00:16:32.760> and<00:16:33.000> so<00:16:33.120> here<00:16:33.240> is<00:16:33.360> a

look at the system and so here is a

look at the system and so here is a system<00:16:33.600> which<00:16:33.839> is<00:16:33.959> guaranteeing<00:16:34.560> poverty<00:16:35.339> for

system which is guaranteeing poverty for

system which is guaranteeing poverty for most<00:16:35.760> people

most people

most people um<00:16:37.320> if<00:16:38.040> we<00:16:38.160> don't<00:16:38.279> fix<00:16:38.459> that<00:16:38.639> most<00:16:38.880> people<00:16:39.060> are

um if we don't fix that most people are

um if we don't fix that most people are going<00:16:39.360> to<00:16:39.480> be<00:16:39.540> poor<00:16:39.959> and

going to be poor and

going to be poor and unfortunately<00:16:42.139> trading<00:16:43.139> on<00:16:43.259> the<00:16:43.380> internet

unfortunately trading on the internet

unfortunately trading on the internet from<00:16:43.860> what<00:16:44.040> I<00:16:44.160> see<00:16:44.399> and<00:16:44.579> you<00:16:44.699> know<00:16:44.820> from<00:16:44.940> what

from what I see and you know from what

from what I see and you know from what the<00:16:45.240> number<00:16:45.360> on<00:16:45.600> IG<00:16:45.839> index<00:16:46.139> tells<00:16:46.440> me<00:16:46.560> for<00:16:46.980> the

the number on IG index tells me for the

the number on IG index tells me for the majority<00:16:47.459> of<00:16:47.579> people<00:16:47.820> it's<00:16:48.120> a<00:16:48.300> losing

majority of people it's a losing

majority of people it's a losing proposition<00:16:48.899> most<00:16:49.620> people<00:16:49.800> are<00:16:49.980> losing<00:16:50.279> money

proposition most people are losing money

proposition most people are losing money and<00:16:51.000> I<00:16:51.540> see<00:16:51.779> a<00:16:51.839> lot<00:16:51.899> of<00:16:52.019> those<00:16:52.079> people<00:16:52.199> in<00:16:52.320> my

and I see a lot of those people in my

and I see a lot of those people in my inbox<00:16:52.680> and<00:16:52.800> I<00:16:52.920> don't<00:16:53.040> want<00:16:53.100> you<00:16:53.220> to<00:16:53.279> be<00:16:53.399> one<00:16:53.519> of

inbox and I don't want you to be one of

inbox and I don't want you to be one of those<00:16:53.699> people<00:16:53.940> and<00:16:54.600> um<00:16:55.079> you<00:16:55.560> know<00:16:55.680> I<00:16:55.800> wish<00:16:56.040> I

those people and um you know I wish I

those people and um you know I wish I wish<00:16:56.579> I<00:16:56.820> could<00:16:57.000> just<00:16:57.240> put<00:16:57.779> some<00:16:57.959> tips<00:16:58.199> here

wish I could just put some tips here

wish I could just put some tips here that<00:16:58.800> are<00:16:58.920> going<00:16:59.040> to<00:16:59.100> make<00:16:59.160> you<00:16:59.339> a<00:16:59.459> millionaire

that are going to make you a millionaire

that are going to make you a millionaire you<00:17:00.000> know<00:17:00.120> and<00:17:00.240> I<00:17:00.540> could<00:17:00.660> tell<00:17:00.779> you<00:17:00.899> the<00:17:01.019> trades

you know and I could tell you the trades

you know and I could tell you the trades I've<00:17:01.380> got<00:17:01.500> on<00:17:01.620> you<00:17:01.740> know<00:17:01.860> I'm<00:17:02.220> betting<00:17:02.579> that

I've got on you know I'm betting that

I've got on you know I'm betting that the<00:17:03.060> gold<00:17:03.180> price<00:17:03.420> will<00:17:03.660> rise<00:17:03.899> in<00:17:04.020> a<00:17:04.140> number<00:17:04.260> of

the gold price will rise in a number of

the gold price will rise in a number of currencies<00:17:04.860> right<00:17:05.040> but<00:17:05.220> I've<00:17:05.339> told<00:17:05.579> people

currencies right but I've told people

currencies right but I've told people that's<00:17:06.900> it<00:17:07.140> before<00:17:07.319> and<00:17:07.559> they've<00:17:07.679> gone<00:17:07.860> and

that's it before and they've gone and

that's it before and they've gone and they've<00:17:08.100> lost<00:17:08.280> money<00:17:08.459> it<00:17:08.819> is<00:17:09.000> difficult<00:17:09.240> I

they've lost money it is difficult I

they've lost money it is difficult I wouldn't<00:17:09.660> recommend<00:17:10.199> it<00:17:10.380> if<00:17:10.799> you<00:17:10.919> want<00:17:11.040> to

wouldn't recommend it if you want to

wouldn't recommend it if you want to know<00:17:11.280> about<00:17:11.400> investing

know about investing

know about investing um<00:17:13.199> there's<00:17:13.380> an<00:17:13.559> investing<00:17:13.860> video<00:17:14.040> on<00:17:14.220> this

um there's an investing video on this

um there's an investing video on this channel<00:17:14.459> basis<00:17:15.179> of<00:17:15.360> investing<00:17:15.720> we've<00:17:16.079> worked

channel basis of investing we've worked

channel basis of investing we've worked with<00:17:16.380> conversation<00:17:16.799> and<00:17:16.980> money<00:17:17.100> before<00:17:17.339> who

with conversation and money before who

with conversation and money before who talks<00:17:19.140> about<00:17:19.260> personal<00:17:19.500> finances<00:17:20.160> of<00:17:20.579> course

talks about personal finances of course

talks about personal finances of course you<00:17:20.880> can<00:17:21.000> go<00:17:21.120> and<00:17:21.240> you<00:17:21.419> can<00:17:21.540> watch<00:17:21.780> Martin

you can go and you can watch Martin

you can go and you can watch Martin Lewis

Lewis

Lewis um

um

um but<00:17:25.799> the<00:17:25.919> truth<00:17:26.100> of<00:17:26.280> the<00:17:26.400> situation<00:17:26.640> is<00:17:26.760> we

but the truth of the situation is we

but the truth of the situation is we have<00:17:27.120> a<00:17:27.179> big<00:17:27.299> systemic<00:17:27.660> problem<00:17:27.780> here<00:17:28.079> which

have a big systemic problem here which

have a big systemic problem here which is<00:17:28.260> making<00:17:28.439> Ordinary<00:17:28.860> People<00:17:29.040> poorer<00:17:29.460> and

is making Ordinary People poorer and

is making Ordinary People poorer and poorer<00:17:30.299> um<00:17:30.780> increasingly<00:17:31.679> I<00:17:32.040> think<00:17:32.340> if

poorer um increasingly I think if

poorer um increasingly I think if ordinary<00:17:33.720> people<00:17:34.020> do<00:17:34.200> not<00:17:34.260> get<00:17:34.440> involved<00:17:34.740> in

ordinary people do not get involved in

ordinary people do not get involved in politics<00:17:35.280> they<00:17:35.460> will<00:17:35.640> lose<00:17:35.760> all<00:17:35.940> of<00:17:36.120> their

politics they will lose all of their

politics they will lose all of their wealth<00:17:37.140> um<00:17:37.200> another<00:17:37.799> one<00:17:38.100> that<00:17:38.220> to<00:17:38.400> happen<00:17:38.580> so

wealth um another one that to happen so

wealth um another one that to happen so I'm<00:17:40.140> very<00:17:40.260> sorry<00:17:40.500> for<00:17:40.740> not<00:17:40.980> teaching<00:17:41.580> how<00:17:41.760> to

I'm very sorry for not teaching how to

I'm very sorry for not teaching how to trade<00:17:42.000> in<00:17:42.179> this<00:17:42.299> video

trade in this video

trade in this video um

um

um but<00:17:44.640> the<00:17:44.760> fact<00:17:44.880> of<00:17:45.000> the<00:17:45.120> matter<00:17:45.299> is

but the fact of the matter is

but the fact of the matter is um

um

um the<00:17:47.340> economy<00:17:47.640> is<00:17:47.700> getting<00:17:47.880> worse<00:17:48.120> and<00:17:48.240> worse

the economy is getting worse and worse

the economy is getting worse and worse and<00:17:48.720> you<00:17:49.140> cannot<00:17:49.380> Escape<00:17:49.500> that<00:17:49.919> you<00:17:50.160> know<00:17:50.280> it's

and you cannot Escape that you know it's

and you cannot Escape that you know it's it's<00:17:50.760> not

it's not

it's not it's<00:17:52.500> not<00:17:52.679> viable<00:17:53.100> as<00:17:54.000> somebody<00:17:54.179> with<00:17:54.480> no

it's not viable as somebody with no

it's not viable as somebody with no experience<00:17:54.900> in<00:17:55.080> trading<00:17:55.380> to<00:17:55.559> think<00:17:55.679> I<00:17:55.860> will

experience in trading to think I will

experience in trading to think I will escape<00:17:56.160> this<00:17:56.520> by<00:17:56.760> getting<00:17:56.940> involved<00:17:57.299> in

escape this by getting involved in

escape this by getting involved in trading<00:17:58.260> we're<00:17:58.860> seeing<00:17:59.039> a<00:17:59.220> lot<00:17:59.280> of<00:17:59.400> people

trading we're seeing a lot of people

trading we're seeing a lot of people lose<00:17:59.700> a<00:17:59.820> lot<00:17:59.940> of<00:18:00.000> money<00:18:00.120> by<00:18:00.299> trying<00:18:00.480> to<00:18:00.660> do<00:18:00.840> that

lose a lot of money by trying to do that

lose a lot of money by trying to do that 77<00:18:03.419> of<00:18:03.900> of<00:18:04.140> users<00:18:04.500> of<00:18:04.679> ignix<00:18:05.220> lose<00:18:05.400> money

77 of of users of ignix lose money

77 of of users of ignix lose money we're<00:18:06.780> seeing<00:18:06.960> a<00:18:07.080> lot<00:18:07.140> of<00:18:07.200> people<00:18:07.320> who<00:18:07.440> are

we're seeing a lot of people who are

we're seeing a lot of people who are trying<00:18:07.620> to<00:18:07.679> get<00:18:07.799> involved<00:18:08.039> in<00:18:08.100> crypto<00:18:08.400> lose

trying to get involved in crypto lose

trying to get involved in crypto lose money

money

money um<00:18:09.660> look<00:18:09.900> there's<00:18:10.080> a<00:18:10.260> big<00:18:10.320> systemic<00:18:10.740> problem

um look there's a big systemic problem

um look there's a big systemic problem here<00:18:11.700> it's<00:18:12.000> making<00:18:12.299> everybody<00:18:12.780> poorer<00:18:13.559> whilst

here it's making everybody poorer whilst

here it's making everybody poorer whilst the<00:18:14.220> rich<00:18:14.340> and<00:18:14.520> the<00:18:14.640> super<00:18:14.760> rich<00:18:14.940> gets<00:18:15.240> get

the rich and the super rich gets get

the rich and the super rich gets get much<00:18:15.720> much<00:18:15.900> richer<00:18:16.260> if<00:18:16.500> we<00:18:16.620> don't<00:18:16.740> do<00:18:16.860> anything

much much richer if we don't do anything

much much richer if we don't do anything about<00:18:17.280> that<00:18:17.580> that's<00:18:18.240> going<00:18:18.419> to<00:18:18.539> be<00:18:18.600> you<00:18:18.780> your

about that that's going to be you your

about that that's going to be you your family<00:18:19.140> or<00:18:19.440> community<00:18:19.620> so<00:18:20.220> I<00:18:20.760> want<00:18:20.940> to<00:18:21.059> stop

family or community so I want to stop

family or community so I want to stop that<00:18:21.419> and<00:18:21.780> you<00:18:22.020> know<00:18:22.080> I<00:18:22.200> would<00:18:22.260> like<00:18:22.380> you<00:18:22.620> to

that and you know I would like you to

that and you know I would like you to support<00:18:22.919> me<00:18:23.100> so

support me so

support me so let's<00:18:24.780> try<00:18:24.960> and<00:18:25.080> make<00:18:25.200> things<00:18:25.380> better<00:18:25.559> in<00:18:25.860> a

let's try and make things better in a

let's try and make things better in a way<00:18:26.100> that's<00:18:26.220> actually<00:18:26.400> going<00:18:26.580> to<00:18:26.700> work

way that's actually going to work

way that's actually going to work instead<00:18:27.179> of<00:18:27.240> a<00:18:27.360> way<00:18:27.480> that's<00:18:27.660> going<00:18:27.900> to<00:18:28.080> offer

instead of a way that's going to offer

instead of a way that's going to offer you<00:18:28.919> money<00:18:29.100> and<00:18:29.340> end<00:18:29.700> up<00:18:29.820> bankrupting<00:18:30.240> you

you money and end up bankrupting you

you money and end up bankrupting you which<00:18:30.660> is<00:18:30.720> always<00:18:30.900> doing<00:18:31.140> to<00:18:31.260> a<00:18:31.380> lot<00:18:31.440> of<00:18:31.500> people

which is always doing to a lot of people

which is always doing to a lot of people so<00:18:31.919> yeah<00:18:33.360> um

so yeah um

so yeah um trading's<00:18:35.280> risky

trading's risky

trading's risky um but<00:18:36.360> fixing<00:18:36.780> the<00:18:36.900> economy<00:18:37.260> is<00:18:37.380> is

um but fixing the economy is is

um but fixing the economy is is something<00:18:38.039> that<00:18:38.160> could<00:18:38.280> work<00:18:38.400> for<00:18:38.520> everyone

something that could work for everyone

something that could work for everyone so<00:18:39.000> let's<00:18:39.480> work<00:18:39.720> towards<00:18:40.020> it<00:18:40.200> thank<00:18:40.799> you

happy<00:18:43.440> with<00:18:43.740> that

we've<00:18:48.720> created<00:18:49.020> a<00:18:49.200> generation<00:18:49.500> of<00:18:49.740> young<00:18:49.919> men

we've created a generation of young men

we've created a generation of young men who<00:18:51.539> have<00:18:51.660> had<00:18:51.960> wealth<00:18:52.620> and<00:18:53.280> financial

who have had wealth and financial

who have had wealth and financial success<00:18:54.919> shoved<00:18:55.919> down<00:18:56.039> their<00:18:56.220> throats<00:18:56.520> for

success shoved down their throats for

success shoved down their throats for their<00:18:56.940> whole<00:18:57.120> childhoods<00:18:57.720> and<00:18:58.260> have<00:18:58.500> no

their whole childhoods and have no

their whole childhoods and have no legitimate<00:18:59.220> means<00:18:59.520> of<00:18:59.580> getting<00:18:59.760> those<00:18:59.940> things

legitimate means of getting those things

legitimate means of getting those things there's<00:19:01.620> one<00:19:01.919> other<00:19:02.039> thing<00:19:02.280> they<00:19:02.460> can<00:19:02.580> do<00:19:02.700> with

there's one other thing they can do with

there's one other thing they can do with that<00:19:03.120> massive<00:19:03.419> amount<00:19:03.539> of<00:19:03.600> income

that massive amount of income

that massive amount of income they<00:19:05.039> can<00:19:05.160> buy<00:19:05.280> your<00:19:05.400> mom's<00:19:05.760> house

they can buy your mom's house

they can buy your mom's house [Music]