The Bitcoin Group, the American Original. For over the last 10 seconds, the sharpest Satoshi's, the best bitcoins, the hardest crypto currency talk. We'd like to welcome our panelists, Florian Grumis from Midas Touch Consulting. Josh Gagala from Voltoro. Good evening, gentlemen. It's lovely to be here. And I'm Thomas Hunt from the World Crypto Network, moving on to issue one Bitcoin. The price of Bitcoin is down 1.64% in the last 24 hours. The last of 6,094, a high of 6,927, and a low of 6,057. That's $1 for 16,404 Satoshi's. The Dow Jones industrial average is closed and closed down 4.55% in the last 24 hours with the last of 19,173, a previous close of 20,087. Our top story is Bitcoin and the coronavirus. How is Bitcoin surviving the coronavirus? Has it become a safe haven? Are people looking to move their money in? Or are they giving up completely? Let's go to Josh from Voltoro, your thoughts on Bitcoin and the coronavirus. Yeah, I think what's happening is that people were very scared of this massive dump that happened in the stock exchange, of course, everyone was reaching for some sort of liquidity. It's a cover of shorts or whatever, cover long positions. And they just sold everything. So gold, so Bitcoin, sold everything. And then now we're starting to see them bottoming out. Maybe sort of getting to the point where there's just not enough. I mean, there's only 21 million Bitcoin. So I can't see that it would go too much though. You know, nothing's impossible. It could go to 1,000 in no problem. But I kind of see where it's bottoming out now where people have sort of gathered their breath and thought, OK, what's going to happen? What's going to happen in the markets kind of decided that this is where they're happy sitting? Florian Grumas. Thanks for having me. Well, overall, the coronavirus is a deflationary event. And all markets have been drastically moving lower. We cannot be sure whether this is already done. I assume it is not looking at the markets today, the closings today, also Bitcoin seems to have a reversal today already. So I think in the short term, and that's what we've seen over the last two weeks, Bitcoin is not a safe haven. In the long run, what's going on in form of the answer by central bankers and politicians, the politicians, it's super bullish for Bitcoin, of course. So everybody has been screaming for the institutions to come into the Bitcoin market over the last two, three years. And of course, they've been building the rivetifs and house of cards. On top of one Bitcoin lending them out. And now I'm not sure whether this is already cleaned up with the move over the last two weeks. I am afraid it is not. But I definitely would recommend on weakness to accumulate more Bitcoin's. I think it cannot be ruled out that we go to a thousand, three thousand for sure. It looked very nice today, but so far for the day, it looks more like a reversal already. So it's still time to be very cautious. Don't speculate on margin. Be very careful. It's a very new driven market at the moment. It's way too early to say that Bitcoin has already turned into a problem. But long term, it's super bullish. And I think what the coronavirus crisis is doing right now is destroying the confidence of the trust of the people in our paper money system. And that's all basically that it takes to bring it down. So question will be what will come after that. And obviously Bitcoin has pretty good chances to take over at some point. Well, when people said that Bitcoin was a safe haven, mainly they were talking about from hyperinflation. They weren't talking from a total market crash where everyone went into risk off mode. All the traders were looking for one thing cash. And a lot of them needed that cash. They needed to cover their shorts. They needed to cover their failed positions. And they maybe even needed to eat. So a lot of people had to sell this leak. They sold everything they had indiscriminately. It didn't matter if it was a great thing like Apple stock or Bitcoin. They sold, they sold, they sold. There's uncertainty in the markets. No one knows when we're going to get the factories back open. How many widgets we're going to make? And if we're going to even be able to sell widgets next year, the movie theaters are closed. The casinos are closed. We're lacking all economic activity. So naturally, that's going to put some fear in the markets. And you know what they say, only buy when there's blood in the water. So this might be a big opportunity. Is the Florian more on this or Josh? Yes, I think you mentioned hyperinflation. I mean, we're not there yet. This will take some time. I mean, yes, shops are mainly closed now here in Germany too. And there is less and less goods available. And government is printing money like crazy. So at some point, you will have a lot of new money meeting with less and less goods. So this is an inflationary event. But it will take some time, I guess. And it is true, of course. I've got many calls over the last two weeks from people I hadn't spoken to for a few years at least. And they suddenly asked me, hey, you did something with Bitcoin. I remember telling me, what can I do? Also, of course, with gold. I got a lot of questions and phone calls. And yes, I think that's the real cracks in the system starting to appear. So because that's all that it took in this paper money system. As long as the people believe in it, you can go on with it. But now we start to see a real confidence loss, especially if every day there is on the newstaker that they created in another few trillions or billions. And market is not taking it at all. It is just moving lower and lower and lower. So in German, we have a special word to say for, because they all call it the Big Bazooka. And we call it the Rokkripirra. So if you shoot and it doesn't go out of the cannon, it sticks inside. So it's a Rokkripirra. That's how we call it in German. And that's what's actually happened with the Big Bazooka. The many Big Bazooka's they've been firing over the last two weeks. So the confidence is being lost. And I think it's super bullish for Bitcoin in the long term. Short term, it's very difficult to say what's going on. I think liquidity is missing on every end at the moment. And this is just the beginning. You have to assume that real estate markets is already in big trouble. And this takes a long time. Many people bought on margin and credit with mortgages. Now the house is revalued at some point. So the bank will ask for more collateral, which then drives a price is low because there is more and more supply coming to the market. This will take month until it plays out. I assume many companies, I mean, we had a zombie industry. I mean, many zombie industries, actually. The shale oil industry, especially in America, is one of them. So it's way too early to really understand what's and how it is playing out. But anybody who has cash left and sees the same in same money printing, which also will be necessary to restart the economy at some point, they will more and more start thinking about Bitcoin as a say type, for sure. And we've seen it yesterday when Ralk Paul tweeted that he's super bullish on Bitcoin. And I think that basically was one of the signals that many of his hedge fund friends started to think about Bitcoin that might have not been thinking about Bitcoin before. So I'm going to point now in the long run. This is exactly what needed to drive the masses to Bitcoin. All right, let's go to Josh. Do you think we can print our way out of this? Is the virus vulnerable to money? We can definitely not print ourselves out of this. This is, you can print yourself out of little shocks in the system, and quite big shocks for a little while. Of course, there's also knock on effects in terms of inflationary effects. But you can trick people and manipulate prices. You can do a lot of things. At the end of the day, you can't print yourself out of supply chain problems. If the factories just aren't bringing the widgets and the widgets and the widgets across the border, if the factories aren't opening, and it doesn't even just go to the large industries, we're talking about the small people as well, the people that are serving you food at the restaurant, the people that are at the bars and the clubs, the security guards, everything. Nothing's moving. A lot of these people are suffering, so everything stands still. So of course, in that time, what happens to money? You have this strange process, and of course, like Floggan mentioned, it's really when you start seeing that inflationary effect kick in later on, where you just flush with cash. I remember in Australia, years ago, the property prices to allow the youth to afford to buy a house. What they said was, if you buy a new house, so it was a double thing, you could get more buildings happening. If you buy a new house, then you get like 25,000 bucks, I can't even remember what, $10,000, $25,000, and it was like a first home owners grant. And of course, what happened, everyone went, yeah, this is amazing. Wow, thanks, government, you make housing cheaper for the young. Of course, what happened is it only took a few months, and every single house in the market just went up by 24,000, 25,000 bucks or whatever it was. So you really, this is kind of the inflationary movement that happens. I mean, this is a kind of a strange example, because it's not on a global economic front. But to sort of explain what happens generally, once more and more money floods into market, all of a sudden people have got more. So the goods just start costing more, for those that don't know the basics of inflation. This is what happens, and Bitcoin and Gold are two of those things that really do secure you from that. I mean, you just cannot make more Bitcoin. It'll take a while. Florian, I'd like to also interested in your take on how long do you think it takes for inflation to start showing in the economy after a large printing event? That's difficult to say. I mean, it can already happen tomorrow or Monday, where people rush to the supermarket only to figure out there's nothing available. And they will bid each other up for the last toilet paper or for a few bottles of water or whatever it is, right? So this can happen rather quickly. Generally, I mean, we have 2008, as a kind of a blueprint for a deflationary setup or scenario. And back then, Gold went down from 990 in the summer of 2008 in July to 680, basically, 30% lower within three months. Of course, today now everything is happening much faster, but that's actually what I expect for Gold to move lower over the next few weeks, because not only do we have a big commercial shop position in the futures markets, they will certainly figure out a way to cover it on lower prices, but it's also that now people have been rushing to the stores and have been buying the precious methods that were still available. And now we're probably going to see more and more people realizing, oh, I need cash. And people are really tight on cash now. And I don't know how fast government checks will reach to people. That's something I don't know. It seems in America maybe this goes faster than here in Germany. I mean, I've seen, I don't know. I guess one, two, three weeks at least it will take. And I've seen some of the paperwork that companies have to fill out here in Germany. And I wonder how they're going to figure out these companies and people really deserve to receive such a shake or not. Or is there any bureaucracy or just do they send the money over without questions? I don't know how they're going to do it. So it might take some time. And until we see that, the deflationary set that will remain in general. So I think asset prices will be deflating for now. Nobody will buy a house tomorrow in such a set up. Also, nobody is going to buy a new car. But everybody wants to buy food, water, toilet paper and this kind of stuff. So in I think in certain areas of the market, especially when it's about grocery, I think you're going to see a fresh very soon. You probably see it already. I mean, if you go to Amazon or on certain other stores, prizes have been increasing already for what's still available. However, asset prices like housing, cars, stocks, bonds, etc. I think they are all going to move lower. I don't think we've seen the lower. Before we move on to the exit question, I just like to thank our audience. We have 34 viewers and nine likes. So be sure to push that like button. It's free and basically it's how YouTube judges the quality of a video. I think they do it on a ratio. So we're at about 30% likes right now. We'd like to see more like 50 or 75% likes. So push the like button and it'll appear on the screen. Moving on to the exit question, the traditional, the price of Bitcoin this time next week, higher or lower Josh Gagalla. Lower Florian. And no. Oh, I'm always bullish, but I'll stick with the group this week. I guess I'll go lower. Oh, bad news for Bitcoin. Moving on to the eight ball thing. All the magic eight ball. Do you want to go to the eight ball? Let's see. Let's get back to the graphics. Here we are. Will the price of Bitcoin be higher next week? Remember, this is a very trustworthy, especially modified, technical magic eight ball here. Here we are. Will the price of Bitcoin be higher next week? Reply hazy. Try again. You don't always get an answer from the eight ball. You don't always get what you want. But there you go. A ball does not want to talk to you to date Josh. Maybe let me add something to that. I mean, if they come up with another rescue package over the weekend, or if they close the markets, then suddenly Bitcoin will become really tight. And then we could actually see dramatic moves to the upside as well, similar to something what we've seen today. Technically speaking, I haven't seen a real bottom in place. We had a nice bounce now until this morning. But now we are, I mean, we're back below as 6,000 at the moment. So this is a nasty reversal, actually, that's what I was pointing to today. So let's see. And we are watching the price in the corner right here, thanks to Open Broadcaster and the new software we're running. It's broken through 6,000. The price is 5,834. So down 5% on the day after initially touching 7,000. So pretty exciting day for Bitcoin trading. Moving on to issue 2, coronavirus and science. We're all staying home. We're all staying inside. But why? Why are we doing these things? What about the coronavirus and science? Let's just talk about some of the basics, anything that you've learned recently, anything that you find fascinating or interesting about the coronavirus. As we've discussed before, the coronavirus exists on substances. It's on cardboard for up to 24 hours. Copper only 2 to 3 hours, plastic and metal. I think they think 8 to 12 hours. It's pretty long. So it lasts on a surface. It gets on your hands. You touch your face because you can't stop touching your face. And it gets in your eyes, nose, mouth. You get infected. You get a lung disorder, kind of like pneumonia. You probably need a ventilator to get the water out of your lungs. We don't have enough ventilators. It spreads really well. It lasts in the air. People sneeze in a hallway. It exists in the hallway afterwards. So super creepy. Everyone's wearing masks. Josh Skagala, what do you think about the coronavirus? What do you want to add about the science? Anything you've heard recently that's interesting? Yeah, I mean, it's fascinating because there are a lot of places that say, don't believe anything on the internet. Follow only the CDC and follow only the WHO. And really, they, I mean, the WHO for me dropped the ball quite early on. They really didn't push how important this was early on. They sort of undernarred. They called this a pandemic way too late. I mean, it was already in multiple countries out of control with community spread. But saying that, there's also total crazy nut job crap going around as well. So it's important to put some reason and evidence on, we all know we are in the information age. It is important to look at multiple sources. It's important also to dig a little bit deeper and also try to find multiple reference points. And, you know, by this stage of having the internet for so many years now, we should as people of the world start to understand how to use this magic thing called the internet and get to the bottom of really good science. The Reddit is actually quite good. Reddit.com slash r slash COVID-19 rather than coronavirus. The COVID-19 sub Reddit is actually a lot more scientific. It's got a bunch of really, really good resources going on there and any fake stuff gets down, but it's pretty quick. At the same time, there's some natural stuff that's also very, very interesting. And of course, that's getting poopued like crazy. So I, for me personally, and this isn't health advice, but I do, you know, I mean, silver for you heard that copper last very short time silver is an extraordinary substance. It's very antibacterial, antiviral, antifungal properties to it. So I have got some, whether I'm not sure if I haven't got proof, but my intellect and everything I've read before, I said that it would have some sort of effect if I put it in my nebulizer, some colloidal silver and breed that any if I did get it. There's also some other research that I'm reading, but I definitely don't want to give advice and say that this is true, but this is just stuff that I'm getting. I'm also, you know, stocking up on vitamins and, you know, getting some sunlight, getting some warmth. There's also some talk about that heat destroys this thing. It can't live as long on hot, which makes sense. But yeah, I think it'll take a little while and we're, I think another couple of months away for us to really, truly understand not only what kills this thing, but what this thing actually does long term. There's also some talk of it causing scarring on a testicular tissue, which is also bad for, you know, human reproduction. And I mean, this was, this was information that I heard already maybe a month ago. I'm not sure that that was coming out of China, some studies out of China. So I don't know what to think of that. I have to look more into that. But yeah, what I meant to say with that is we really don't understand this virus yet. And it'll take a few months until we truly understand it. Again, nothing I'm saying here is of any reality. You should do your own research. I am not a doctor. No one on here is. And it's just all opinion. Dr. Josh admits that he's not a doctor. I'm all fired up and ready to make medical advice. So I would agree with Josh on all the, all the basics there. Stock up on vitamins, maybe immune boosters. I don't know which one works, but you can go to the health store and you can buy anything that says immunity or immune booster. Maybe that's a good idea at your own risk. I don't know which one works for you. But yeah, you want to drink vitamin C orange juice. Stay healthy. Lots of water. Sleep exercise. Like we're staying home. Like you're going to have to maybe do some different exercises. Maybe Google someone said prison exercise. What the guys do when they're locked in the cell. Lots of pushups and situps and stretching. And it's not the best. Hopefully you have more room than a prison. But yeah, we all need to change our habits and get ready for this staying home. Already, I know it affects me. I go to the cabinet. I get out some food. That's the last piece of food ever. There's no way to get that food back. I'd have to go to the store. All these kind of things. It's gotten a lot more real. It's a lot less fake. And as as shocking and scarring as this can be to the first world lifestyle, maybe it's a good thing long term. Maybe we're getting back in touch with the realities of needing to eat food, needing to get water, being more like an animal, less like a civilization, at least for a little while. But we'll have to see if that's good or not. Florey and your thoughts on the science and how people are reacting to it? Yeah, I mean, I'm neither a doctor nor a medical specialist. I became aware of the virus somewhere in January and a friend of mine who's running a big fund here in Germany took this whole issue very serious. And somehow he sensed and advised me for this matter. And once I heard that the virus is in Italy, so this is like three and a half weeks ago, I immediately decided to take out my daughter from kindergarten. I ordered my three girls here at home to stay at home. And I bought as much food and stuff I could, long before everybody else was freaking out. And we're basically staying at home for three and a half weeks already. So I've been out of the house three times since then. And I have to say, thankfully, we have a nice place in the countryside with a nice garden. So I'm not stuck in one room or two rooms. But of course, I also like to be out there meeting friends and people and business. So it's a challenge at some point. At the same time, we are in the 21st century. Everybody has been to that. We all can make it. So things like this can happen and do happen much more now than before. So I think, I don't know. As I told you before, already I have been speaking with so many people I haven't heard from for the last five years. And maybe for some of them were just calling me and panning what to do with their money. But in the end of the day, we had a quick good call. Knowing each other is doing well. We got in touch with each other. So I think there's also some good things that I have been in. But we have to take this thing serious. Nobody really knows what's going on. I don't think it's a hoax. I think, obviously, now I've just seen a video from Italy, hospitals, and it looks devastating. So I really advise anybody just to stay home and follow what's been said from the government. Usually I would be against it. But in this case, I'm definitely giving strong advice to follow the instructions. And also be careful. We have seen that there is also weird people dressing like they would be medicals. And then wanting to get into your house. And then finally they try to steal stuff for you. So we have to be really careful. It's also time for scammers. Also in Bitcoin now that people are rushing to save havens, maybe like Bitcoin or Gold, they have to be really careful out there what you're doing. Always use common sense and think twice or three times, check up at least if these things are real. But we will get over this. And maybe at least I guess one or two months it will take, maybe longer. Nobody really can say. And then we have to see how we're going to deal with this. And it will definitely lead to a step back in globalization, which probably is a good step, I believe. It doesn't make sense to ship goods all over the planet while you produce it next door or next in the city next to you. We definitely, if we get and come to a better money system, which I hope is the final conclusion out of this, then we probably, if it's Bitcoin based or Gold based, but I don't believe we go back to Gold standard, but that we at least then come to a place where we are much more disciplined and efficient with the resources that the planet gives us. That's I think the big leg lesson out of the paper money scheme over the last 50 years. Likeless spending, impatient production, mass production on a scale that nobody really needed, but everybody had to do because everybody was chasing the compound interest on paper that was created out of nothing. So it's going to be very interesting. And I believe in the big picture, even we are not there right now, but in the bigger picture, it will bring us a big step ahead. Let's go to Josh. Do you agree with the coronavirus, put a check on globalization or will they just pull the switch and we go back to manufacturing millions and millions of widgets all over the world? Yeah, I, you know, when I got into Bitcoin, one thing I did notice is that I just stopped buying crap because these Bitcoin like, oh, they're so precious. They go up in value so much. I'm going to wait and buy the really top quality stereo that I know is going to last for 10 years and be solid instead of the cheaper crappy one that will probably break in a year. I mean, it's stereo is just an example, but for anything because we're in such a throw away society, we're just by the crap one. No, we just use it once. I saw I talked to a builder once and he's like, yeah, I just buy my drills for the job and then I throw it out. They're just so cheap, you just use it for the job and then it dies because it's not made for too much. I just think, what kind of a crazy, look at all the copper and the magnets in this thing. Like, it's just insane. We're living in Lala land folks and this is a real big wake up call and Florence, right? I think we will also expect stuff to be built more at home. The thing is though, humans are very susceptible to prices and eventually and they've got short memories. So eventually when China can produce stuff again for cheaper, we might see the lure. It'll take a little while, but the lure will head slowly again back to the same old system. The thing that will stop it is if the fundamental kingpin of the entire marketplace is changed and that is the money that we use. If we change the money, then we will see true change after this big event. All right. Moving on to the exit question, how long will the corona crisis last three months, six months, or longer? Josh Kagala. I think we're looking at six months and longer. Florian, three months, six months or longer. I think at least three months now that you can see already that it's spreading in Africa too. So these countries are behind the curve currently. So it can easily take six to nine months as well. But I think the worst here in the Western society, if you want so, is probably over in the next three months. The answer is longer. Longer the coronavirus will last longer than you think. It will take longer to get a vaccine. It will mutate. It will spread. We'll be dealing with this for years. Did you know the world crypto network has its own audio podcast on Apple iTunes and other places where podcasts are heard? Check out the audio version of this and other shows on the world crypto network audio podcast today. Be sure to subscribe and give us a review. That'd be great. Moving on to issue three. WHO officials warn health systems are collapsing under coronavirus. This isn't just a bad flu season and it was warned about and warned about for weeks and weeks. No one did anything and now it's here. There's a lack of ventilators. There's a lack of hospital beds. There's a lack of space and shockingly in the United States, the richest country in the world. There's a lack of basic medical protective gear in the hospitals. Joshua Skogala, what will happen to the medical system? Will it continue to be overwhelmed or will we flatten the curve? I think in free loving countries or Western countries, especially America, I think it'll be very, very hard here because people just don't want to believe that it'll happen to them. I think they also have this movie Hollywood image of the government can solve this and it can't. There's no way you can even if you don't. You have governments here that are spending billions of war on war efforts to hunt down a couple of silly terrorists hiding in caves and that really can't really do much damage at all. You can't just spend a bunch of, maybe I don't know, what did it cost? A hundred million bucks to get everyone decked out with masks and just have that stock powered. There's a simple thing and we've had SARS. We've had Swine flu, H1N1. We've had multiple scares, Ebola. It's almost like Asia are the only ones, the Asian regions, the only ones that really learnt from these and maybe West Africa, where Ebola is. It's like Westerners living this sort of Lala land where we're like, are there only happens in poor countries? It only happens in far away exotic lands where it's moist in the air and people eat bats. They don't really, it's strange because we do have the smartest virologists coming out of our universities. We have all these people warning, we have Bill Gates foundation going, guys, come on, this is, this is only a matter of time, it's not if, but when. But then there's also really good things happening out of this like the open source movement are really motivated and moving to create open source ventilators, hardware. So there's a lot of people working on this now and because of the internet and everyone sitting at home, we're all, there's a lot of people working on figuring out how to make really cheap ventilators out of stuff that we can put together and 3D print and all this sort of stuff. So really interesting mobilization of people's minds to help out in the hospital system where they can. We will also, I also find it interesting with this idea of priced gouging on masks and things like this. You know, it's, it's terrible, let me just preface this by saying it's absolutely terrible for some idiot to buy a shed load of masks up front and then sell them for a thousand X. I think it's, it's kind of evil. But at the same time, what it does is it actually puts a market price out there for what people are willing to pay and then makes other entrepreneurs saying, oh, wow, I can, I'm willing to risk. And a bunch of people say, we're willing to risk ourselves to fire up a factory and compete with those ridiculous prices. What you can do is get the government to come in and force those prices under. But then what happens is you don't have the entrepreneur saying, oh, we will compete because they'll just go, oh, we'll risk ourselves and everything else and, and to make that, of course, there's also another component to that. People have a good heart and they want to help. So it's not just all financially motivated. Some people would just say, I'm going to risk it and I'm going to go there and that's probably even a stronger motivation a lot of the time. So yeah, you know, there's, there's multiple facets to this. But yeah, I think, I think humans will get together. Things will see things have to get worse before they get better because people need to take the serious. It's only when in Italy, we start seeing really shocking things that we start going, oh, wow, it's really full on because what happens if, if these hospitals collapse, what do I do? What, what happens if I have a car accident? I'm just dead because I'm not, you know, in hospitals, I have a run. So yeah, I think it'll get worse before it gets better, but it will get better. Even worse, if you have a car accident, you're taken to the hospital and infected with the virus, that would be awful. I just want to thank everyone at home for pushing that like button. You pushed it so much you broke it. I had to refresh and reset the button. It's up to 29 likes. So thanks so much for liking. Florian, your thoughts on the hospital system? Will it survive? Will it change? Well, thankfully, I'm not too familiar with the hospital situation in Germany because I have been healthy for the last 30, 40 years. But what I know is that we have more capacity than most of the other countries in Europe. And that seems to be one of the reasons why it doesn't, we don't, we do not have so many deaf people so far in comparison with Italy. Also in comparison with Switzerland, I just checked the numbers before. So we have a similar death rate so far. But I don't know. I think Germany so far is doing okay, because we have a good hospital system. We have more beds per inhabitants in the cities or in the country than any other of the country states here in Europe. But I think looking forward and I get the news from my wife, she's Cuban, she's in touch with Cuba all the time. I don't even want to imagine what it means to an island like Cuba if the virus hits really hard. So this is also, I mentioned already Africa, there's also a lot of different situations you will find. So the health systems are completely different to Germany and Africa or Cuba and I assume the same for the states and other countries. So it's very tough to say. I think there's no way to generalize an answer here. It will be very different from states of state or completely. But sometimes it's not the main problem that kills you. Sure right now we're talking about the hospitals and then being overrun by the virus. But one of the things we're not thinking about is just all the normal appointments that were canceled. A lot of people, older people with heart problems, other problems had to cancel their appointments. People aren't going to the dentist anymore. I know I'm not. I'm not going into any voluntary appointments. Just recently it's been horrible, but they've been doing elective surgery until recently. Even given the potential that the virus is coming so on and so forth, without a lack with a complete lack of central leadership, at least in the United States, no one knows when to stop doing anything. And in a capitalist country, people will keep doing things right up until the last minute because you might get an extra $3,000. You might get an extra $10,000. That might pay the rent. So on and so forth. So yes, the hospital system is being pushed to the breaking point. We're seeing it in Italy. We had the image I showed earlier today of maybe 10 people in a room, all on IVs, all likely needing ventilators and respirators, which we don't have, which Italy doesn't have, which we didn't even ask the military or the government or the corporations to start making yet. So we're way behind on the hospital thing. We're in big trouble. It was a, it was at least in the United States. It was a for-profit healthcare system. It was designed to profit off of you living longer and using more hospital services. So that's not the same as a defense against a pandemic. That's not the same as what we might want. And moving into the exit question, will we reconfigure our hospitals and our pay systems? Will more countries switch to what the Europe and the UK has Canada everywhere except the United States, Medicare for all type system and will these universal healthcare systems suddenly begin focusing on pandemic preparation and awareness? Let's go to Josh, go go to first. Josh. I don't think so. I think we'll see collapse in hospital systems in every system because no system can deal with this. Really, like even Germany is very well prepared. So much less longer. It all depends on the people staying home. If the people don't stay home, then every single system will fail because you just cannot handle 10,000 people coming to your hospital. You can't handle it in a month. It's just not possible unless we get people having respirators at home or something. I don't think people will say, oh, look, everyone got to hand, everyone handled everything perfectly. No, everyone couldn't handle it except for the Swedes. Look how great they're doing. They've got full socialized healthcare and look, they survived. No, it's not going to happen like that. But I think saying that I think there's, it's kind of interesting seeing the left being really pro closing all the borders now and the right sort of is going, hey, where's my free tests? So we're kind of meeting in the middle a little bit more from the extremes that we saw. The whole world going into these extreme left and right paradigms. Maybe this virus is bringing us a little bit more into the center, not sure if that's a good or a bad thing. No judgments here. I'm just saying that it seems to look like that. But classic, classic saying there's no atheists in a foxhole, right? No atheists in a foxhole. Yeah. So yeah, I think, I think America will definitely go through a little bit of a self analysis afterwards because I don't think they'll fare very well at all, especially when it comes to the extreme homelessness. We're seeing people living in cars like a lot of people live in their cars and you can't stay home if you live in your car. You need to basically get out of your car when you use your car to sleep in. That's all. But during the day, you're at work or you're doing something and your car is where you sleep and maybe eat. But this is going to be very, very intense time for a lot of Americans and a big wake-up call. I don't think any, you know, I don't think it's, I think what's scary is that people demand more and more and more government to save them because that's also not the answer. The answer is, you know, who knows the answer, but the answer is something where the market figures it out and the people figure out what's best around the world. And there'll be examples of different places a little bit. But sometimes when you have a hammer, everything looks like a nail. So Florian, your thoughts on the healthcare system going forward? Difficult to say. I mean, I'm not a specialist about healthcare. I'm trying to avoid as much as I could doctors and hospitals and everything. So I, I, I'm sure myself privately here in Germany with a small amount as possible. So it's basically just a worst case insurance that I have. And I saved me a lot of money and I have to take care of myself. So I think and I hope that this is one of the things that people understand the self-responsibility, you know, the government will not bail you out and the insurance in the end of the day as well. Cannot really help you. People have to wake up and I mean, maybe not by being arrogant, but I think I've been a good example. I thought for myself three and a half weeks ago realizing there is something happening in Italy already while the government in Germany was still saying like, I don't worry, it's a, it's a little flu, no problem. And it took the WHO another two weeks or a week later or at least I think 10 days later, they declared it a pandemic. And the Chinese have been covering up from the beginning. So people have to wake up and start thinking for themselves again. And this is an ability that every one of us has. We've been taught in school and conditioned in our system for years and decades, not to think for ourselves. And that is coming for all the parts of our life that is when it comes to health. It comes to when it comes to relationships, love relationships, when it comes to finances. It comes to everything basically and obviously health is the most important one. So people have to and I think hopefully will learn self-responsibility again. Nobody has to be able, is able to use his own head, his own brain. And usually if you, if you, if you think through what's going on, you can make your own opinion. And I think that's the hopefully most important outcome. Besides maybe a new money system down the road. And then if we have a better money system, we also will have a better healthcare system. So that's my point of view. I agree with Florian. I think a lot of people are going to take more responsibility for their own healthcare and their own health and first stocking up their kitchen and everything else that we've been talking about. All the old things that people used to mock are now going to be what everyone does. But I think in America, we need and because of this, we might get a completely different healthcare system. Our current health fair system is a for-profit healthcare system. If you go into the hospital, you probably exit broke if you're lucky. I probably in debt. So everything's overpriced. There's no preventative care. We're not really even getting value out of this system. Most of the money put into the system comes out the other end as profits for these healthcare and drug companies. We can't go on like this. We have to look at health as a greater societal problem where if someone else is sick, it affects me. As we've seen with this, the least among us, the people who are out spreading this disease who are still going around need to be taken care of as well. We can't pretend that we're disconnected. All of these ideas are gone. Virus like this levels the playing field. Hopefully we'll restart the system with something better. Hopefully we'll get something that works. Yes, it'll be more expensive, but I think we'll get a better result. And actually, if you look at the for-profit healthcare system, it would be hard to spend more than we already spend and certainly hard to get less. Josh? If I can interject there, I think there's also other parts to play there. You have the doctors have a little bit of a scam going on here too, where they lobby the government to force things like you can't become a doctor by going to night school. You have to do day school. Select cuts out of a lot of poor people. They have to be fairly rich to be able to afford to go full-time. You can't just, a nurse can't just take a swab of your tongue and send off the petri dish to get tested. No, no, no. A doctor can only do that by regulation. So you force a lot of demand for a very few amount of people, which causes massive sky high prices for things. And you do remove regulations and people hate that. A lot of people hate the term, like, oh, don't remove regulations. Look what happens. But if you look at parts of Asia, you know, really very little regulation apart from, you know, feedback, market feedback, and feedback is very transparent in hard core these days. Like, if you look at reviews for doctors, people can spew like hard core online. So you're going to have to deliver a really good service to stay operating. And you saw prices become very cheap and no one really trusting certain parts of Asia. And they started off with sort of, you know, shun heights, what's it called, cosmetic surgeries and stuff. But now they're doing full-on hard surgery and it's become so good over there because this competition has allowed them. And of course, it's gotten a little bit more expensive. But I think there's this at the player's well in the States. The States talk about being less regulations up, but it's so heavily regulated, just like the financial scene. It's very, very hard to become a startup and disrupt that space. You do have to worry about the market feedback in a situation with medicine because for death and disfigurement, it's very hard to feel satisfied just pushing an angry, yelp review out there. It doesn't really get my satisfaction. A lot of these regulations are from older times when older scams were pulled on everyone. So I will just have to see. We're going to move on to issue four here. Looks like we're going to be joined by one galt ready for issue four. Say hello one. Aha, he has no sound. No, how's it going? There it is. There you are. And now we're moving on to issue four issue four coronavirus and politics. We had lots of warning. They pretty much shut down all of China with a massive quarantine and started spraying some kind of chemical on the outside of the business. We had people singing from balconies. We had people screaming and crying from balconies, losing their loved ones. And we might have even had the crematoriums in Wuhan working overtime so much so that they polluted the environment with the smoke. And yet we did nothing. We prepared nothing at least in the United States. We did not start the businesses on making ventilators. We did not get the Army Corps of Engineers in the streets building hospitals. We mock the Chinese when they were building massive hospital concepts, wearing that they wouldn't be safe where they'd have plumbing problems later on. And now we're in a position where we are unprepared. It won't happen right now in the middle of the crisis, but eventually this situation will come. Do the buck will stop somewhere? What will happen with coronavirus and politics? Let's go to one galt you just got here. What do you think about the coronavirus response? Will there be an equal political response? Maybe not today, but someday? Well the tricky thing is that China is a communist government. I mean, they're fully authoritarian. They can do whatever they want. And so what we saw from China was very scary and very top down. America can't really do the same thing as China and then not be criticized as being a communist state or authoritarian government. So Trump is in a very tricky position and looks like they're going to bail everybody out. Like there's a bill passing through Congress where everybody gets free money. It looks like they just want to completely destroy the dollar, just final nail in the coffin. Interest rates down to zero, no reserve requirements for banks. And then everybody gets free money. That's great. That seems to be the solution that they're that they're going for right now. But yeah, he's in a tricky position because he can't go top down. Right? America has a constitution, right? Like, yeah, okay, there's a state of emergency and stuff and we'll see how far they can push that. But their response has to be different. It has to be more liberal. It has to be more entrepreneurial. And yeah, I guess if they were late, they were late. You know, I think, I mean, I don't know what's going to happen. But it's going to be interesting to watch. I agree with Juan. Trump's in a very tight position. Although I do disagree that he does have more top down power than he's using. Similar to Calvin Coolidge and the Great Depression. Trump psychically as a businessman, as a capitalist, so on and so forth, may not be able to mentally do some of the things that are necessary to fight this evil, such as temporarily nationalizing a business. We have an act that he could have put into use weeks ago that he didn't, where he could have said, hey, Tesla, build us some ventilators. Hey, Bud Weiser, get us some hand sanitizer. Hey, 3M, how about some masks? That hasn't been done at a high level. This is what we did during World War II. When people talk about this and I've told the story dozens of times in the last few days, because it keeps coming up. But when we shifted production at general motors from building cars to building tanks, they didn't just do it voluntarily. They actually had laws and orders and written things that said, hey, you should help out. Certainly, the companies came along. It was great press for them to be building tanks and to be part of the war effort. Much as I'm sure Bud Weiser would have loved to give us hand sanitizer. 3M would have loved to make us masks. Even the companies that actually make ventilators now weren't told to quadruple their production because no one did it because there's a complete lack of preparation and organization in this government. It's a complete failure. They will come to task. The markets already punished them taking back the Trump gains, but we will see after the dust settles, after the crisis is over. I hope that we will go back and figure out this response. First of all, to avoid doing it next time and second of all, to punish those responsible for perhaps hundreds of thousands of dead. Florian, your thoughts on the political and coronavirus? Well, I mean, first of all, I said it before already, the cover up in China had been way too long and I think that we did most of the western politicians in security didn't look serious. I hope that there will be consequences because most of them have been sleeping until just recently. The German Health Minister just probably two weeks ago started to change his mind. The consequences, I think, another loss in government in general for sure. At the same time, we have to see. I mean, this is a very massive change of our freedom right now. Hopefully they will remove it quickly once corona is over. I have certain doubts about it. I don't know. These kind of measurements are faster implemented than they are removed usually. So we have to be very careful about this. Generally, as I said before, I think people waking up to the fact that the government is destroying our money. They didn't really take care of our health and they were basically sleeping. So it's a continued loss of trust in the governments. I think it's a good thing. People have been growing up in this last 50 years believing that the state and the government can do everything for them while the opposite is true. So I think even if it's very painful right now, the longer term consequences are probably good. And when you talked about what special forces and measurements could be done centrally by, for example, President Trump or he in Germany, we have a few companies. They already decided to shift the production for something that is needed right now. But that was certainly not an idea by the government. That was an idea by the entrepreneurs who were running this companies. I don't know. I think generally a loss of politics will continue. And on the one hand, this is good. On the other hand, of course, if this is badly managed this crisis, we can move really into a complete nightmare here and into energy. So it's a weird thing because we're talking about something that nobody would have imagined two months ago or months ago that everybody's locked up at home and everybody tells each other don't go out. It will be like they took away all the freedom that we are used to and it seems to make sense. So it's a weird situation, honestly. I just hope that once this whole corona thing is over, all these measurements will be removed very quickly. Josh Gagala, your thoughts on coronavirus and politics? Yes, I see a lot of politicians, I mean, especially the Trump side calling it the China virus and really sort of inflaming that side of things. Fair enough, you can call it that, but really what you're doing is you're causing the normal Chinese person, the owns the Chinese store to get stigmatized. You're causing, it's truly a racist thing to say. I feel it causes racism short. Technically, it came from China originally. That's fair enough, but just like we're seeing Democrats and Republicans getting together like you're seeing all of Americans pulling together, you're seeing all of Germans pulling together, you're seeing countries coming together, we should also globally come a bit together and stop bickering and fighting and because this is a political thing by calling it the China virus, you're actually trying to inflame more stuff instead of just let's work together. Because China has got it under control and they're sending equipment across to Italy right now. They're sending people as well to Italy or people are going voluntarily, I'm not sure what the case is there, but I'm guessing it's top down because it's China. We saw the, what's his name, the guy behind Ali Pay or whatever it is. Jack Ma, of course. He's been doing a massive shipment of masks and other things to the US and the Twitter stream was just revolting. It was all just like, thanks, but no thanks. And all these people like, I would never wear that mask. Like really just stupid. And you think, man, come on everyone, like we're trying all together here to beat this thing. Let's leave this nonsense politics behind us. Of course, there's always going to be politics playing politics and trying to beat each other up for it. But we should really, as people look at those sorts of moves from politicians and really find it a little bit abhorrent and not helpful at all. Really, I hope we don't see violence against Chinese people because of this sort of stuff because people are just, let's face it, maybe people watching this would never think of that. The vast majority of people out there are just really quite daft and simple. And they just sort of, oh, China, they won't go into a Chinese restaurant anymore after this is done because of, you know, it was the China virus that killed the grandma or whatever. It's just not a good thing. On the whole China virus thing, I mean, the problem is that it's not an isolation, right? China has been recently seen accusing the United States of being the source of the virus. There's a propaganda war that's happening on both sides. And part of the concern here is that, you know, given that the supply chains have been shown to be very centralized in China, China needs to now save face and be like, no, no, we can still be supply chains, right? I think this is this kind of shock is going to, you know, it should lead to countries all over the world finding ways to be more self-sufficient, especially around medical and other other essential services. And so, China is now deflecting the blame, but the problem with China is that they're the seedful government, right? They don't have the kind of, you know, institutional protections to journalism that America has, right? Like they actually just kicked out a bunch of American journalists from China. So the numbers might sound good, but we don't know what the truth is. We don't know what the reality of the numbers are. We don't really have eyes in the ground as far as I've been hearing in China anymore. So we just got to take their work for it and they've been lying about the numbers the whole way through. And so it's geopolitically, you know, there's a game being played and everybody got hit on this. China is in a really unique position here. They were the first one to get sick with the virus and because of their incredibly strong measures, they were the first one to stop it spread. Now they're in a position to be the first one to reopen their industries. But previously we saw as a cataclysm in China being supply shut down other things stopped now could be to their benefits. They're the only ones in town who are working. This is their chance to crank out a bunch of masks, to crank out a bunch of ventilators and whatever else the American people in the rest of the world may want and to ship them in. We're all going to be begging and thanking the world for Chinese goods soon. Even these crazy people saying racist things. Florian, do you want to talk more on this issue? Didn't get a chance to talk about the Chinese aspects? Good. I think it's a very complex topic. And as Quayam just mentioned, geopolitics always complicated and difficult to trace back who started what? I mean, we all know this whole story is not just started a few months ago, but the rise of China had various reasons. The dollar coupled, of course, again, my main topic of the day, coupled with the wrong money system. So they could pick their one to the dollar and then produce much cheaper. And it's a dictatorship. I mean, this is a totally different system than what we know in America and Europe. So people are not free. And people, the individuals have been misused and the socialistic dictatorship for producing all these cheap products. And they've covered up the whole virus. And I think the world has to speak out very clearly that this is not correct. And I hope that the Chinese people are strong enough to stand up against President Qing Ping and asked for change. I don't know if this is in the end of the day really possible. You could also make the picture that now if China is continuing to do business as usual more or less, they might be able or soon in a position to buy up all the assets, to beat down assets in the Western countries. Who knows? It's also possible that they come up and produce on mass things that we now desperately need to help our people. Probably both things will happen. I don't know how this will all play out. But again, the hope that I have out of all these masses that if the dollar comes tumbling down and none of the other companies is ready to introduce digital money in some form. And then maybe really we will have a new money system taking over based on the point. Then I think all these problems will change, probably move away. We will deal with other new problems that we are not able to imagine right now. But I think that's might be a little bit into the future. Moving on to the exit question, electronic slippery slope. Many solutions to the coronavirus problem seem to involve giving up your electronic freedom. For instance, if you were infected in a post vaccine world and they forced you to install an app that would guarantee that you stayed in your home. And if you did go out, it would keep track of other people you came in contact with to help limit the potential spread of the virus. Would you do it? On the other hand, if WhatsApp, which famously has end to end encryption, needed to be unencrypted so that scientists could watch misinformation about the coronavirus spread so on and so forth, would you give up encryption? How far would you go? One galt. Would you install the app? Would you give up encryption? Go ahead. Frankly, there's a part of me that's slightly kind of believes it's more a part of it. I'm a magnostic to everything that's going on right now. But it would be really amazing. It would just be so amazing if the coronavirus ends up being just a flu. And this was a massive hysteria and excuse to just take as much power as possible. It was just a huge panic fueled by social media. Or maybe it was worse than the flu, but the death rates have been very small and it turns out that we can heal it and it turns out that the remedies and ways to treat it come out and everything's fine at the end. And the world economy is collapsed. Globalism ended. China shut down for two months. And that is, it's completely the basis, the recurrency. It just took down the biggest institutions and it was a virus that was not as dangerous as the past five or so that we've seen. So that would be a funny scenario. Maybe it was all designed by a mad scientist named Rick and he's just laughing the whole time. But yes, go ahead once. It was all just stemmed from 4chan. Yeah, it was the way 4chan means, yeah, it was all 4chan driven. So I mean, that would be, I would kind of like to see that because it would be really funny. But, you know, the virus might be a little bit stronger than that and I'm sorry, what was the question? Was you install the app? Would you give up encryption? How far would you go? No, I mean, I think the lesson so far in my opinion is that the reaction and the panic has been probably more damaging. It could become more damaging than the virus will itself. I think it's important to obviously prep and this is the lesson that people are learning. You need to sort of stock up and you need to care about your health and you need to not be completely dependent on all the things that we're realizing we're dependent on. And so that's, this is a really good lesson for people to learn. But no, I think we need to hold ground more than ever, right? This is a very vulnerable time and, you know, it's very possible that the people in power are going to try to grab power, right? I mean, the amount of bailouts that they're talking about doing in the United States right now is completely insane, right? So it's completely insane unless the problem is completely insane. But I agree with you. The scope of everything, it's huge. I mean, the problem is that, you know, if you look at the world completely pragmatically then you can go from Buddha to Hitler, no problem, you know, by pragmatic steps. You got to, at some point you got to just draw a line in the sand and be like, no, right? And where's that line? Right? I think, you know, an invisible virus is not, you know, I don't think, I don't think it's, I say no, I say you got to hold ground and control you, you know, keep your liberties. Otherwise, what's the point, you know? Well, I hope next time it's a visible virus. Let's go to Josh Gagalla. Would you install the app? Would you give up encryption? There's no goddamn way. I would, I think if there is, if, if, okay, I'll tell you this, if everyone was dropping dead, like crazy, like straightaway, if you literally just touch someone and they would drop dead the next day. If you had the lightest touch. Yeah, the, the meanest touch. It would, then maybe I would look at an open source version of a community tracking where it's like, I can see on the blockchain, like no one controls it, but I can see it, I can see all G's, I better warn these people that, you know, this person is infected and they're going to the party or whatever. But I'm sure if it was that bad, people would definitely not be going to parties that would be taking a lot more serious. With something like this, it really is, I mean, I, you know, we all remember White to Cape Oak, right? It was a mass hysteria, it was ridiculous. It was so ridiculous that, I mean, all I did was take my computer and go, move clock forward to 2000, hit enter, what happens, check the disk drive, everything worked. It didn't seem to affect it. My worry was a little bit more chill. Of course, at the back of my mind, I was like, ooh, aeroplanes, they work on strange systems, whatever. And, you know, but everyone was in this hysteria, stocking up on toilet paper and hot dogs and whatever else they were doing. And then waiting for the big time, you know, year 2000, a couple of other, of course, nothing happened. And yeah, this could be the same sort of thing where it's a problem. I'm not saying it's not. There's the hospitals are getting overfluttered. We have to flatten the curve to, you know, run that, that meme. But at the same time, there's no way we should give up any liberties as much as possible. If there's temporary things that the governments need to do, we have to like begrudgingly deal with it. But, guys, it's just common sense, protect your family, protect the old people. Don't go out. I mean, just to not get your butt off the couch, if you're really, you know, the biggest problem here is all these people that are losing their jobs and stuff. That is a problem. But this could also be all hysteria. And the governments need to react to the hysteria, which then other governments are reacting to the governments that are reacting to the hysteria of the hysteria that's coming to their governments as well. And it could sort of be this, you know, just this wave. So yeah, we could be seeing a massive overreaction. But yeah, the loss of encryption and privacy is something that's so, so important because that network effect once it's gone. It's gone, baby. Florian, would you install the app? Would you give up encryption? How far would you go? I totally agree with Joshua. I would not install the app. I would not give up encryption. And I also agree that, I mean, this is a collective hysteria. And we've seen it know with various countries where like Bozomaro in Brazil, he was kind of like refusing to buy into the hysteria. And within a few days, he had no chance but had to turn around. And I think he's doing the right thing now, finally. But the problem, why we also have this hysteria besides that we are now all connected in social media, is pressuring all of us all the freaking time. And it is because we've been on an epic bubble in the markets. I mean, they have been printing so much money to get us over the last 10 years. And they have been really putting one domino after the another and they are all coming tumbling down. And I just received a message that I'm telling you this year, live clearing firm, Ronan Capital unable to meet capital requirements at the CME. So this is the future of this exchange where the market makers and clearing companies. So this is some, I think people still didn't really understand what's going on out there. We had an epic bull run in the markets driven by liquidity created out of thin air by the center of bangers. Tesla went up four times over the last six months. Everything is completely overvalued. You had lots of zombie industries and zombie companies and now coronavirus is coming along. And this is basically the pin in the bubble. And it's epic. And I think that's why everybody is freaking out so much as well. If we wouldn't have had such a bubbly situation, probably the markets wouldn't have crushed that hard and therefore we wouldn't have less hysteria. But now everybody, the whole system is so fucking leverage. Everybody has bought a house with a mortgage. Everybody has a huge credit, credit card, debt. Everybody has landed out his bitcoins even or landed out stocks and bottom margin and no, no, no, no. And this whole thing is tumbling down faster than we can even open our eyes. I think that's what really creates the hysteria here as well because people are not only locked up in their rooms, but they're also just seeing their savings vaporizing. And wow, it's crazy. It's really crazy. And I understand that people freak out. At the same time, it's necessary. I think it's been overdo that we get a really, and we've touched upon this a few times already in our discussion today. I think it's been very necessary that mankind comes back to census basically. And I think that's the chance of opportunity in this big crisis as well. As always, the answer is infuriating. I would install the app, but I would not give up encryption from my cold, dead hand. Moving on to predictions or a story of the week, Josh Cagalla, are you ready with a prediction or a story of the week? My prediction is that people will hopefully get their thoughts back to the elderly. A lot of the people in the West, they don't think about the old. Often they think about their, maybe their grandpa, but the last week I've heard of a lot of people calling old friends of friends. People that they've met maybe once and they think, oh, this poor old lady who I met I hope she's okay. And ringing them up and checking and then going and dropping some food at the door, knocking like the old, you know, prank, knock and run. But people that people are doing that I'm hearing stories of really heartwarming stories of people helping the old, helping the elderly. And because these are the people that went to war. They went to, you know, they really, the youth, they've lived a good life so far. This is the first sort of thing that we've ever seen that's really disrupted our lives in the West if you're living in a free, you know, free society. Most of Europe hasn't been to war. American people, home land hasn't been to war. Stock, stock, supermarket shelves have always been full. So the elderly are the ones that have really suffered in the past. And I just don't want them to suffer again. And so it's nice to hear these stories. And, yeah, that's my story of the week. All right, Florian prediction or a story of the week. Well, I think I have a prediction that we are far from the bottom in the main markets. I think you've done us the much lower prices in stocks probably as well and going. And I think as it looks also now on this Friday evening, we're going back below 6000 again. I think we haven't seen the final lows here. So I just can advise the people to be really careful. You don't have to be the first one in this environment to figure out if this is the bottom or not. Be patient. The charts and the markets will tell us once there is a real turn around and we're all with all this mess. And I believe that probably the markets will turn before the highest peak in panic in regards to the corona will happen. But this is just my personal assumption. I just can really urge everybody. And we've been sending out massive alerts and warnings over the last two to three weeks. We've been rather early before Bitcoin was crushing. We send it out a lot of alerts. Be really careful guys. This is a very important time. It's not a time to speculate and trade in the markets. Even though volatility is tempting. Be very careful here. This is really crazy. New-striven market. Everything can happen. And I don't think we've seen the bottom already. Juan Galt prediction or a story of the week. Yeah, I want to take a bit of a different approach to Florian. What I've seen here, I'm hanging out with Ugly all-goat in Mexico and he's a trader. He's very successful trader. And while everybody is losing their jobs or are unemployed or begging for employment insurance or hoping they get something back or hoping or praying like thanking God that they got some savings, we can still make money on the markets. We can still make money from home. As long as we get internet, we can make money from home. So I think we're going to see in the coming months and years we're going to see as a result of this, the record result of this, a great move towards work from home and kind of like more independent styles of making money. And trading is I think, conclusively, the killer apple crypto, store value and money we exchange will come later on. I'm also a little bit more bullish too. I think we might have hit the bottom, but who knows? As far as the rest, I think we haven't hit the peak in fear. And everything that's going on in the United States definitely hasn't hit Mexico yet. So we got a month ahead of us. The wave is coming and it's going to be really interesting to see how Italy decompresses from this and what happens with China. Very interesting times. But this might be the crash. This might be the big crash people have been hoping for a long time and are expecting anyway. And fearing would come. Definitely the biggest crash that I've seen. It's probably bigger than 2008 and you know, it could become, I mean, it's crazy. And the fact that it's coming right before the election like the United States is going to be fascinating and very, very, very tense this year. 2020 has not disappointed. All right. We just want to thank everybody for watching. Thanks everyone for giving us a thumbs up and a share. We got 36 thumbs up and it says there's 67 people watching now. So that's about 50% which is a really good ratio of thumbs up. I just wanted to show the Bitcoin address. If you'd like, you could donate Bitcoin or lightning to this show right now. Five bucks, 10 bucks, scan the QR code on your screen and donate to our fundraiser. Or you can donate with a super chat on YouTube. Thanks so much for supporting this show with likes and donations and sharing and Twittering and all the things. So submitting it to Reddit, whatever you guys do. We've been watching the price of Bitcoin throughout this show. It's gone up. It's gone down at one point. It was at 5,900 just a second ago. It jumped back up to 6,221 up 0.1% for the day. So exciting times, lots of volatility. Thanks for joining us in the chat. Until next time. Bye. Bye.