MrFlourish Podcast

Major Reset Happening: The War - The Cover Up - AI Forced Slowdown - Bad Private Credit

MrFlourish Season 1 Episode 143

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0:00 | 10:32

In this MrFlourish podcast episode I will discuss:
👉🏾 The War has 2 cover ups
👉🏾 Why they are slowing down AI but cannot stop it
👉🏾 How bad has the private credit market gotten
👉🏾 Not about those Files they will mean nothing in the end

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SPEAKER_00

Okay, this is Mr. Floyd's here. Let's talk about what's going on in the economy in this war. For the most part, everyone has been saying that this war in Iran was brought on because of the cover-up. Because that Estein, well, I don't want to say the name, right? To cover that up, right? Because there's a lot of people that's going to go be affected, right? Affected by it, right? Here's the thing though. I have a different one, a different viewpoint. Okay. I really think that the cover-up is on two other fronts. The Epstein thing, they were going to remove or um redact about 65, they done about 65,000 files out of three something million, right? Because they said they have to protect the the identity of or of certain people or um or or whatever it may be. Look, y'all, there's too many people involved in that whole Epstein thing from the Democrats and the Republicans. And it's really not even no such thing as Democrats and Republicans right now. It's, you know, it's it's it's crap. But um a lot of people are gonna go down for would go down for that. So let's just say, let's just assume that that's really not gonna make its way to the forefront. It's just a you know, here's the thing that's covering up the Iran thing. We're at war with China. The AI thing, AI data centers, they're not being built in 2027 by 2028. The reality is they're 2030. And the reality is we don't have enough power, enough in terms of energy for in the power grid. So if we basically, so the market has to reprice some of that because the market priced in. Oh, we're gonna have AI data data centers, and and companies are gonna be making a ton from AI within 2027, late 2026, 2028, uh at the latest. No, it's 2030. So you just had recently Meta, right? Basically say they're they're pulling their model, they're about to release a model, they're pulling it. They may even consider Gemini. They also said that they had 600 billion, but they now have to cut 20,000 or 30,000 uh employees to help help uh for the data centers. Let me tell you to tell y'all this, man. The AI thing, they're trying to slow down. The whole thing that was going on with Claude Anthropic, the whole thing with bad acting bad actors in terms of AI. Um, the the thing, what was it over in Mexico or something like that, where they had the the the uh the airplane um and AI and it gave it a it gave it an assignment. And um they said, okay, um go take take out that target over there, but then they changed it, said no, don't take out the target. Well the plane turned in mid-air and went and and fired on the control two control centers, and then went to still take out the target because that was that AI's mission. It didn't care. So, in a sense, that AI had a soul. They're not we're not ready for that. Um we're not ready for a lot of these things with AI, to be honest, right? And the other thing is they have to slow the AI down, is because they had to slow down the firings. Um, we're not ready for universal basic income. Um, we have to slow down the firings. Uh, but now we have something else. This other cover up, the Iran war. See, I'm not I don't even care about the Epstein shit. That's that's bullshit. Ain't nothing gonna come out of that anyway. It's too many people on both sides that's gonna be affected. And they they like their lives. The private credit is blown up. If we go back to 20, 2008, that whole banking crisis, that's what's going on with private credit. And they are uh the Fed is doing 18 to 30 billion in overnight repos to try to prop the market from just falling off of a cliff. And um it's bad out there. Uh what we have Morgan Stanley, um, BlackRock, Blackstone, Black Rock, yeah, BlackRock, uh, some other play, uh JP, they said uh you can't get 100% redemptions right now. You gotta wait. It's it's X amount of redemption per quarter. Now they're right. They in all their rules in terms of private credit, um, they say you can redeem X X percent per quarter. Motherfuckers are like institutions, and I want my money out now. Here's the thing that they're not saying. If you say you want all your money out, there's a penalty. Let's say you have a hundred million and you want it all out. They said no, you only can take normally 15%. We're limiting you to 7%. That's bullshit. Oh, well, there's a I want it all out, I pay the penalty. The penalty may be 20%. So that means instead of a hundred million, a hundred a hundred million, they only get eighty million, right? In addition to the whatever fee. The banks are like, no, no, you just gotta wait. Because we finance all this uh AI stuff and it's gonna take years instead of one year. And they're trying to slow it down also to save society in terms of jobs. Because how are you gonna have a housing market rebound if everybody's not everybody, if twenty to thirty per percent of the people lose their jobs quickly, it's one thing to lose twenty to thirty of the workforce over the course of four years or five years because then you come up with other things in the course of those years, not all at once. We're in a time that is really scary, is not the word. Scary is not the word. I would say YOLO, you only live once, dude, you know, whatever. But there's things that you gotta do. Um, in a sense where they say you need to own assets, you need to know which assets to own, but you also gotta know when to get in, you know, and own those assets because uh, and there's a place for for stablecoin and Bitcoin, I I call the Bitcoin bottom 62, 63K. Um, and it's at 70 something now, and I said by the middle of the year it's 113, but then I'd probably turn back around and go down. But but what the war has done, what the war has done is is is basically saying, hey, we may have to universally go to stable coins and Bitcoin much sooner for uh for reasons that we need to get off of the fiat. So why someone just why's Bitcoin been going up and been strong while we at war? Gold and silver have been selling because it's rotation. But it's also a reality that we may be have the the digital war. Um the other thing is, uh, and why I like certain names and I and I've been buying a lot uh is AI agents. Um now if they're acting as employees, like what's the 10 employees, one AI agent per 10 employees, but then you have to do transactions in terms of services, et cetera. So then those AI agents need to have a wallet, a crypto wallet, so that they can work with other agents that uh work with other services, etc. Now you see why Bitcoin found the bottom as well. So um, everyone, this war is it may go on. The media, the media they're lying nonstop. Um, the administration is lying. The ones that are reporting for the administration, um, that are underneath our our our president, their whole career and job is based. They gotta they if if he goes down, they go down. What so what do you think they're gonna do? Huh? This war is not about those files. Initially, that's what a lot of people were saying. No, this war is to cover up them trying to pivot and them trying to put some guardrails on AI. Them trying to not have the market reset fast enough because the market wants to reset very fast. And look at look at what it did to Microsoft. Look at what it did to some of these names. Right? You had some of these names just get murked, taken behind a woodshed because they want to price in like Microsoft is close to a bottom now. I I will give it that. Whether it's a generational bottom, I don't know yet, but it's it's worth a look. It's worth sniffing at. Um but uh the the war is not gonna stop. Um it's probably gonna go higher. Um, but there's gonna be some gyrations. They're trying to work out a deal now where the other countries will help protect the other countries, but you know, how are you gonna protect against mine? Mines, right? Um But there's a lot, you know, and then also the private credit. And as long as the private, like Blue Owl, Blue Owl, look at look at the chart for Blue Owl. Blue Owl is the one who basically said to Oracle, we're not doing that, we're not financing that data center, data center. Now, that was the same data center in Texas that OpenAI said we don't want to do that now because we pay for the Blackwell chips in NVIDIA, but by the time that data center is built, those things are old. So now you talk about that. I love NVIDIA. Oh my gosh, I've loved NVIDIA for years. But here's the thing though. If you all are coming up with new chips every year, NVIDIA, and these data centers are taking that long to build, where's all your product really going? Where are the Michael Berry? Where are the warehouses? Like someone's gonna find the warehouses that you're stashing, all these chips that you're saying are being bought. Now, they're being bought and they're being stashed. That's the whole GDP thing. But they aren't being used if they we don't have a lot of data centers. Scary times, everyone. They can do the circle of financing longer than you can, you and I can keep up, keep up with it. So, and whenever there's a market sell-off, NVIDIA is the first thing that gets money, right? NVIDIA, Eli Lilly, um, Amgen. Hey, two names, the best two names, war names, crisis names, Walmart Costco. Those wall, those Costco hot dogs, for $1.50, they hit every time. Price never changes, no matter if we we under stealth recession. Um, last but not least, GDP came in at 0.7, it's probably even gonna be revised even lower. What if the GDP for next next month or next quarter or whatever is gonna come in lower than that? Then by definition, it's recession. But we already know we've been in one, they have just been covering it up. Be safe, everyone, it's crazy out there.