Timcast IRL #299- US Food Infrastructure HACKED, Meat Shortages Worsen, Economy In CHAOS w/Matt Kohrs
Timcast IRL
Timcast Media
4.5 • 7.6K Ratings
🗓️ 2 June 2021
⏱️ 127 minutes
🧾️ Download transcript
Summary
Tim, Ian, and Lydia join cryptocurrency and finance YouTuber Matt Kohrs to discuss the most recent cyberattacks on American infrastructure, the 'meme' stocks, the Robin Hood app, a major gas station chain that will begin accepting Dogecoin, and the start of the Great Reset.
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Transcript
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| 0:00.0 | Alright, so it's been, I don't know, how many weeks since the last major piece of critical infrastructure was held hostage by, so they say, Russian hackers and then the company paid the ransom within a few hours, and it still led to this massive oil pipeline, the largest pipeline being shut down, which resulted in people panic buying gas and there being gas shortages across the East Coast. |
| 0:23.0 | And now the largest meat processing company I believe in the world with 23% of all US beef production and 20% of pork production has just shuttered all of its plants due to cyber attack. |
| 0:37.0 | More ransomware. I'm beginning to wonder if this is actually ransomware, if they're specifically targeting critical infrastructure now early on. |
| 0:44.0 | This company or hacker group would even call it dark side said, you know, who's a mistake we didn't want to disrupt society, so we'll choose our clients better next time and now here we go again. |
| 0:53.0 | Is it a different organization? Well, they're saying it's Russia again. So at the very least we're being attacked, our critical infrastructure is being attacked, and now we're hearing the White House is scared. |
| 1:03.0 | There's going to be a meat shortage, which is funny because there already is the prices of meat is already skyrocketed. There's already you guys have seen my Instagram where I posted where the guy says I can't sell beef the prices too high. So this is just going to make things worse. |
| 1:16.0 | It's a bit chaotic right now. And on top of that, you get the mainstream media saying like everything's a okay, the economy is doing better than ever. |
| 1:23.0 | And at the same time, Joe Biden's printing trillions economists are warning the dollars on the verge of collapse. People have become millionaires by buying fake money, and people are now interestingly engaging in what we would refer to as kind of like an occupy 2.0, a digital occupy Wall Street, where people are sticking it to the hedge funds, buying up these stocks, they tried short selling, which is, well, in some ways, rescuing these companies, making a lot of people rich for a silly reason, but screwing over a lot of the wealthy elites. |
| 1:51.0 | So it's kind of like a class war is happening on top of an actual war or something. I don't know, but we're going to talk all about it and joining us to help us understand the financial aspects of it. We've got financial YouTuber Matt Cors is hanging out. |
| 2:04.0 | I really appreciate being here. I think we have an awesome discussion tonight. You wanted to do like a quick, you know, short introduction. Who are we to? |
| 2:10.0 | Yeah, awesome. So for those of you who don't know me name at course, I'm on YouTube, just talk about a lot about stocks, options, crypto, just kind of what's going on in the market. And recently the hot topic has obviously been AMC and it's very, very similar to the storyline of what we saw in GameStop back at the end of January or early February. |
| 2:28.0 | And even today right now we were just talking about it of how much it ran today and then in after I was it's up almost another 20% issue has these are black swan events back to back like this is statistically more rare than just lightning striking over and over again. |
| 2:44.0 | I think I think it's a new kind of some kind of conflict some kind of warfare. I mean, people might just think it's funny to buy a stock, but it's really upending the system. |
| 2:53.0 | I will say full disclosure. I do have AMC stock. I bought a small amount earlier just because yeah, so most people know I'm friends with Cassandra and she's been tweeting like crazy. And I'm like, you know, like fast nine is coming out and everybody knows the FFCU is way better than the MCU by like several words of magnitude. |
| 3:11.0 | So I'm excited for the movies and I was like, I think movies make sense to invest in, but we're going to be talking about AMC stock. It's skyrocketing. I mean, what it was like three bucks what months ago. |
| 3:20.0 | Yeah, I mean, at one point like sub five, it's just been on the craziest run and back in 2020 got that low like at the end of it. So it's come a far away. I mean from Monday until this moment is probably up close to 200% from Monday until now. |
| 3:35.0 | Wow, just a little bit over a week. We have we have our in the Walphins guy George Alps, Opel, listen, one of his comics is this like grandpa being like, I don't have a lot to leave you son. |
| 3:43.0 | You know, I don't have that much money and he goes, I just become a millionaire buying fake money. I'm like, there's something wrong with the economy right now. |
| 3:50.0 | And it's not just the fact that people become millionaires off crypto and stocks and these weird moments. But I mean, our infrastructure is under attack Joe Biden's printing money like crazy. |
| 3:58.0 | There was a house that sold WAPO reported this a million dollars over asking price. And it's huge news because people are panicking to get out of the dollar. |
| 4:07.0 | Rich people are like, I'll take it. I don't care. So what we'll get into all this is going to be a crazy discussion about the economy. We got any show hello everyone. |
| 4:15.0 | You and cross on here. I've got a crystal bottom of its infram little bit below the top part of it. You're here. Matt. Thanks for coming. |
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