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  • when we heard Cove it break.

  • You know, March, April This year we have we heard the I p o.

  • Market was drying up like it was crickets out there and we were basically being told that this was either it was never coming back.

  • Or in 2020 there were gonna be No, I pose how and why has that changed?

  • It's a couple of reasons.

  • One, you know, the I P O market were shut for about 12 weeks, and there were there was already a slew of deals that were getting ready to come to market.

  • But the other thing is, and this has to do with the fiscal policy that we talked about when you flood the world and make no mistake, every single central bank on the planet is flooding the world with liquidity.

  • And then you have each government.

  • It's flooding the real.

  • They're real economy with free money.

  • When you flood the world with free money, speculative fervour rises.

  • We're seeing it right now.

  • We're seeing people quit their jobs and day trade all day long.

  • I mean, I haven't seen that since 1999.

  • Yeah, you're seeing the stock market go crazy while the real economy is in is tanking.

  • So this is It's a fire that's going to continue to burn so long as this free money machine is turned on and the Federal Reserve and the Bank of England, uh, the European Union, they're all committed to printing more money.

  • And so again, this is again adding fuel to the this I p o boom fire.

  • It's a speculative fervour.

  • Make no mistake about it, Brian.

  • It's a speculative fervour.

  • It will boom, and it will bust.

  • Okay, But if we look at the the last time this happened, we had a five year run before we had the bust.

  • And if that holds out again to be true, well, then we're at the very beginning of that five year run.

  • And that means there's millions and millions of dollars to be made for your viewers and again, just for people toe reiterate or if you're coming in late, we're talking about pre IPO's here, not the I pose that you hear about where people double and triple their money, but this is pre I p O, where people in the past have made 1000 times our money 10,000 times our money, which is hard to get your head around until you realize that as we were saying earlier, you know, when eBay went toe aipo the insiders got those shares for 11 cents when the market got him for, you know, $28.

  • And so you know, when you when you've been in the business like you and I have, you realize that, you know, pre i p o these companies air literally worth pennies on the dollar.

  • When they started, they were worth zero sense.

  • And so when they make these these massive debuts on the public markets, they get these multi billion dollar valuations and boom.

  • That's where the poppies you sent me some figures over before we recorded and said that the pre I P.

  • O phenomenon is behind 9 $100 billion plus fortunes.

  • You said Sequoia Capital, most famous VC firm that took Apple public banks $3 billion deals in the pre i P O sector and even Jeff Bezos recently made $4 billion on one pre i P O deal in this sector.

  • Is that all right?

  • Yeah.

  • Goodbye.

  • That was all in the biotech sector.

  • That's correct.

  • Yeah, which is hot right now.

  • It's absolutely on fire.

  • I love how Jeff Bezos is worth over 200 billion, and he still doesn't mind making an extra four billion.

  • You know, if Free Hypia think about that, that's 2% of his network.

  • There's nothing right and look, we're laughing about this.

  • But if you're listening or watching to us now, there's a slogan on Wall Street and it's this.

  • The rich get richer right out.

  • And Gordon Gekko says this in the movie Wall Street, The rich get richer Or or Bud Fox is.

  • Dad says it when he's, you know, the blue collar guy that's frustrated with Gecko, and it's true.

  • The rich get richer, and that's because they have this inside information.

  • They have this.

  • They have this whole scheme set up right where it's actually it's again, back to another line in Wall Street, where Gecko says to Bud Fox, The most valuable commodity I know of is information, and the restriction of information is how Wall Street makes their big margins, and you and I both know this teak and I saw it in the derivatives markets and we've seen it in so many markets and by people not knowing you can get the shares for pennies on the dollar, then you don't know any better.

  • And you think, Wow, my stock portfolio made 8.2% this year.

  • It's a great year when the Wall Street bankers are the ones with the yachts and the houses in the Hamptons.

  • And it's it's It's the restriction of information that that keeps these hate to say it.

  • These rackets kind of doing it right is the racket.

  • I mean, it's a look.

  • I'm I'm a capitalist, okay?

  • But I'm equitable.

  • Is it equitable?

  • Where I make 40,000% and you make 40%?

  • We're buying the same stock.

  • Is that equitable?

  • It's not equitable.

when we heard Cove it break.

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THE VIRUS VS THE IPO MARKET: Why The Stock Market Is Going Crazy Whilst The Economy Is Failing

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    林宜悉 posted on 2020/09/06
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