but on her show is just as wacky sort of opioids and vi aggro and you know erectile dysfunction has been just been shown the goop which is the product of the. opposite of oh gosh i'm sorry but she's got goop which is the same stuff in it that they sell over at info wars. and erectile dysfunction gosh you know if only they just were able to cure baldness like they were trying to do originally i mean then we wouldn't need a d woodley because we're just too good looking i saw a horrible video of donald trump apparently he's like completely bald and has these weird patches all over his head and they're going over does the greens of his golf courses did his hair do you know brought in some kind of greenskeeper to come up with that hair do it i mean if you get lost in there are three are and it's a two stroke penalty but it makes no sense for the president to look like that as an outsider to these two groups of hucksters of victims of hucksters right wing

left wing red team blue team you know democrat republican because we've lived outside the us for so long and then it's quite funny we were mocking the tea party and and that they were being plundered by all sorts of hucksters and now it's funny to watch the left wing the so far left wing the people who how at the sky and the people who are like having breakdowns over you know two hucksters running against each other there were two various forms of hucksters versus clinton they're both stirrers one huckster perhaps he's a bigger huckster but nevertheless he still won the most votes or the most electoral college votes for sure hillary is not a huckster bill clinton is a huckster you know hillary is like leona helmsley she's a word that rhymes with rich i think that was her direct quote but that doesn't make her a huckster unfortunately oh sure one while she was riding on the coattails of a huckster and here again they talk about the democratic coalition scott torque and they. paid more than half of the money it raised last year to its employees of

their consulting firms according to the federal election commission records dorchen the bulldog finance group was the chief beneficiary drawing more than one hundred thousand dollars from the democratic coalition the breakdown to twenty sixteen when the democratic coalition declared its goal was who making sure that don't trump never became president was even starker that your dorchen and other staff members received more than ninety percent of all the democratic coalition's expenditures either personally or through a consulting company according to f.e.c. records it's a common theme throughout u.s. literature poetry culture a yellow tabloid journalism through history so i do think oil a little research on that actually came over with the chinese immigrants who were building the railway and they had actually chinese oils snakeoil said were good for arthritis or muscle pains of things like this and then the american huckster was able to adapt that and americanize it so that they just used opium alcohol and some

other fancy ingredients cocaine in a bottle and sold that as a pain reliever and is still going on today the biggest opiate crisis in american history is just a snake oil repackaged from the days of the chinese immigrants selling snake oil on the plains across america sosa them or been without us it's never change we've never not had this plague of hucksterism and that's what america's all about donald trump is as american as the flag and apple pie again here is some more reason quotes from the daily beast article the apparent self dealing in large legal expenditures of the democratic coalition against trump have left some donors to the organization angry with what they see as a waste of money and energy it's also left democratic operatives worried that money is being sent to organizations that are engaged largely in self promotion at a time when resources are needed for midterm election contests and the state advocacy against trump hucksterism flourishes in the political arena when we are no longer really citizens where consumers we want to buy somebody who will. to our

work for us i do our advocacy get out there with our placards go out there and vote go out there and agitate and go out there and harass you know not harass but like you know be a citizen and call your congresspeople call your local officials call the party representatives and say do this or do that and said if we want to just like just like with charity which is also filled with hucksterism you send bob geldof ten bucks or you know one of those sort of organizations headed by a celebrity front person you know you send them money and you think like now i feel better and i'm just going to go you know plunder resources around the world with a feeling a little bit better that my military plunders their resources but at least i gave twenty dollars to some charity that allegedly helped some people who are star you know the child laborers that diamond mined in somewhere in africa george washington jumped on a cherry tree. it all depends on what your definition of is

is right bill clinton and they get away with it because america loves it america low's the. you know that's what got us to the moon i'm sure if we wind up back up to the moon we'd find that all that equipment up there was maybe somebody other than they said it was going to maybe they weren't drinking and it was just all of a way to give over on some date somewhere on planet earth it's all about get know is hugh hefner ism written large or go to the moon to be you and you know shades of hucksterism everybody's a huckster in this a sort of a commie certainly in a consumer capital society and crony capitalist society you've got to be a c.e.o. he's got to be selling and you've got to sell somebody and then you have to flip your house to some chunk faster than they could understand that anyone understand why people don't like joe i mean they've still fighting americans like don't they realize that they that's who they are they think americans think of they are barack obama they think they're in. oh oh marvin gaye you know out there smooth is still

just smooth in it and man like yeah go daddy did he go get a yes man at least got it all would work on it and it's dats who we are we're american we're smooth but we're that's not us americans are crude ruthless huckster golf playing sharks that's who we are and those who don't trump is that's right and like go barack obama that's what the intro so again most people die and don't like to look at themselves as victims especially when a huckster is doing you over a ponzi scheme operator defrauded you you don't nobody likes to admit that so you can look at the other side and you can see how they're. look at those tea party scam they've been scammed by all the hucksters so let's look at the other side because the democrats of course are pristine and smart and way too elite an educated and i retirees in the rue deleting but they mention here that we saw the rise of scam pacs during the obama years were grifters would tap into anti obama

sentiment to raise mostly small dollar donations from grassroots conservatism them pay themselves consulting fees rather than use the money to support candidates or causes brandon fisher the director of federal on f.e.c. reform programs at the nonprofit campaign legal center said in an e-mail the democratic coalition seems to be using a similar playbook only here they are tapping into anti sentiment but i'm sure are like you are so smart and you're on n.b.c. in m s n b c and you're way smarter than to be on by these helicopters there is another word for those c n.b.c. types and the rachel maddow m s n b c and that's communist. clearly they're a communist threat there's a communist infestation of this country they lash back to their original want to another american huckster joe mccarthy and mccarthy that's right who's just watching some videos from paul robeson that guy was down i mean he set the stage for everything you know he he sucked. to whiting in

a very elegant way with that voice crean yes everyone should watch paul robeson get an education hey we gotta go to the second half so stay right there and don't go away. with this manufactured consent of the public will. when the ruling classes protect themselves. with the flaming. lips and neither will. ignore the middle of the

room. local wal-mart selling you on the idea that dropping bombs brings police to the chicken hawks forcing you to fight the battles going. to socks for the tell you that every gossip in public by fell for the record. highs and tell me you are not pulling out by. all the hawks that we along with all the one. well similar for the sports deal in this looks because most of the snowboarding one of them sort of. beautiful yes could get a new person talking

a bushel sabir you know you bring him over to him close to them as material to move dimaggio on the on my mom the grounds of the star in the oval office the most of them. so from demeanor will someday in cinemas a woman even split of the video the dog continuously yes so you're just a little. too cool suiting up and yelling with someone in the field that shows who pulls to the police but yes the simplest and most of them says just truth be told what you call it yeah you what you would usually beautiful when they should sleep soon when you do see chelsea discussing those dollars to me of some pathetic attempt to unify it will diminish us a little bit so. welcome

back to the very part imax keyser time now to continue our conversation with mark hughes go he ron morgan create capital all right here in north carolina it's like billion dollars and stuff welcome back marc thanks for having me first of all two quick points carry over from our last chat your guy is the bitcoin gold equivalency it's a very dashing tie and second of all you put out a four hundred thousand dollars price target for bitcoin because you believe it is gold two point zero if i'm not mistaken just to finish that point mark digital gold i think is the preferred method for storing value for the millennial generation and if you ask anybody under the age of thirty three in gold they look at you like you have two heads if you ask them bitcoin or theory i'm oh my gosh of course so if you

think about gold as a market it's an eight point four trillion dollar market there are twenty one million bitcoin now there aren't there eighteen or nineteen whatever the number is but eighty four a point forty five or twenty one is four hundred thousand that's over a decade not tomorrow and actually do you want to compound a greater return on that big number i need to do that yes it gets a good one but if you look i right i was going to buy your fun but now here that you are and i mean to be we'll get to the warren buffett bet a second that we you know he berra said you could observe a lot just by watching if it was in the dow jones soar for the past year what have you observed i have observed that we are in the euphoria stage of a bubble that we are in the melt up phase of that euphoria stage which means we're getting very close to the end and you can never predict the end date you know a great economist once said tell people when or what never together so i won't do that but i think that i have observed were highly valued in traditional stocks and

bonds around the world and it's time to look at alternative assets and cryptocurrency and those things are return of assets morgan creek are you. it to be fully invested or can you take a heavy cash position how do you play this is really important question we are not obligated in a sense that you know we do have flexibility to to go to cash i would say even amongst our clients who are very sophisticated in who are who are great many of them still feel a little weird when we say go to cash you know one of my heroes the investment business seth klarman today is forty five percent cash just like it was in zero seven just like he was in two thousand and go back to two thousand they thought the guy had lost his touch he didn't know what he was doing was a value investor value was dead could raise any money over the next decade s. and p. was negative one point nine percent he was up seventeen percent compounded i think we're close to another decade like that coming up talk about legends in the business bill miller one of the guys to beat that for a long long time many years eleven twelve years are a key recently took

a huge bitcoin position well he started small it became large when it went up a lot last year about ten fold j.p. morgan has come out and said finally that we actually kind of like bitcoin despite what jamie dimon says it's a non correlated asset yes now why is that important market non correlate of assets reduce the risk in a portfolio one of the things about wealth right is all great wealth comes from concentration every great pool wealth came from somebody being concentrated business ownership stock position real estate position all great wealth is preserved through diversification in this way how do you create a small fortune start with a large one and stay concentrated so what correlates of ass it does is it lowers the risk and the market's won the nobel prize for this when you take bonds and you add stocks risk goes down at hedge funds risk goes down and venture capital risk goes down at bitcoin risk goes down not up because it moves countercyclical that's

a really good important point that actually adding this part of fallujah reduces the risk because you're diversifying in a non correlated out. you know and this point will be written large amongst the many thousands of hedge funds out there they've got a huge buying power huge and they're going to be coming in here stumbling around on a market that doesn't have a lot of volume for those guys and something's got to give and that something is the price right the price is got to go up the howlers are going to feel bad make it make it so easy making this money go four hundred thousand dollars and i did the math quickly in my head while we're sitting here the compound rate of return we're talking about is one percent a day and like that number yes it does you know what i'm actually i just made that up but is it going to we're not enough or are today it's not that far off and here's the funny thing so on twitter i'm out actually on twitter too at mark hughes go and i think a lot of grief good people so how much you.