Transcripts For RT Keiser Report 20240713 : vimarsana.com

Change the world it is suddenly that they were actually both then and now companies that brag about their ability to change the world it is suddenly that they were actually running out of money both then and now the valuations of once heralded Tech Enterprises were having running out of money both then and now the valuations of once heralded Tech Enterprises were haves in matters of weeks both then and now there were widespread sense of euphoria in matters of weeks both then and now there were widespread sense of euphoria curling into soberness washed down with the realisation that thousands of workers and once promising fertile into soberness washed down with the realisation that thousands of workers and once promising firms were poised to lose their jobs thats right we are having were poised to lose their jobs thats right we are having another turn of the cycle a lot of it us to do with the fact that so much money was raised in the voting another turn of the cycle a lot of it us to do with the fact that so much money was raised in the van. Capital markets to avoid going public and having a dot com replay of their Capital Markets to avoid going public and having a dot com replay a lot of these companies raised a lot of money in the Venture Capital want to before it ever reached a lot of these companies raised a lot of money in the Venture Capital want to before it ever reached the Public Market so in the case away work they achieved Something Like a 48000000000. 00 Public Market so in the case away work they achieved Something Like a 48000000000. 00 valuation before even going public and during that time this is whats remarkable dollar valuation before even going public and during that time this is whats remarkable to me during the dot com bubble there was a lot of problems with c. To me during the dot com bubble there was a lot of problems with c. E. O. s and insiders dumping stock right after the i. P. O. Their ship was an insiders dumping stock right after the i. P. O. There should be a lockup period to force people keep people to stay on for at least be a lock up period to force people keep people to stay on for at least 6 months or a year to make sure this thing gets out of the gate it without too many 6 months or a year to make sure this thing gets out of the gate it without too many problems here in this era the we work being a primary example the problems here in this era of the we work being a primary example the founder an insider was able to dump almost a 1000000000. 00 because the founder an insider was able to dump almost a 1000000000. 00 before the i. P. O. To the sophisticated money not to the dummy for the i. P. O. To the sophisticated money not to the dumb money he had he was dumping it on multibillionaires the venture county he had he was dumping it on multibillionaires the venture. Pittel community which had grown up on this in the last 1015 years on up a whole community which had grown up on this in the last 1015 years on this unicorn mentality that they were but its similar that they were all this unicorn mentality that they were but similar that they were all so feeding on the same delusion and they had prophets early on feeding on the same delusion and they had profits early on in the couple of big big winners that they were recycling so you recycling kind of the one in a couple of big big winners that they were recycling so you recycling kind of the house money as it goes in the valuations keep going higher and higher but now some money as it goes in the valuations keep going higher and higher but there is defectively the same but theyre not publicly traded but it will the question is will they defect to be the same but theyre not publicly traded but it will the question is will it have a contagion effect will the spillover into a wider stock market phenomena it would have a contagion effect will the spillover into a wider stock market phenomena and therefore a wider economic phenomena it is having the impact in Silicon Valley that house prices are there for a wider economic phenomena it is having the impact in Silicon Valley that house prices are falling rapidly because a lot of people were hoping to you know buy properties that they could falling rapidly because a lot of people were hoping to you know buy properties that they could afford if their we work shares were worth something so now they forward if their we work shares were worth something so now there is this guy whos calling it the not com bubble not the dot com bubble this guy is calling it the not com bubble not the dot com bubble because in fact a lot of these companies are just masquerading as tech company because in fact a lot of these companies are just masquerading as tech come. Bennies there not actually Tech Companies we work its not a tech company its the same Old Fashioned commercial Real Estate Lending and leasing is theyre not actually Tech Companies we work its not a tech company its the same Old Fashioned commercial Real Estate Lending and leasing sort of thing thats been going on its a boring industry thats been around for hundreds of years and sort of thing thats been going on as a boring industry thats been around for hundreds of years and its the same industry but its just been was branded as some sort of high tech in the same industry but its just been was branded as some sort of high Tech Software company where you can get big multiples so why is calling and not com is because Software Company where you can get big multiples so why is calling and not com is because the ordinary investor is way smarter right now than the v. C. Funds because the ordinary investor is way smarter right now than the v. C. Funds because when the web browser netscape went public august 9th 1905 the does when the web browser netscape went public aug 9th 1905 the day many sites as the beginning of the dot com bubble its stock skyrocketed from 28 day many site to the beginning of the dot com bubble its stock skyrocketed from 28. 00 to 75. 00 in a matter of hours even though the company was not profitable alors to 75. 00 in a matter of hours even though the company was not profitable and todays market the opposite is happening unicorns with no positive earnings are getting slaughtered and todays market the opposite is happening unicorns with no positive earnings are getting slaughtered at the gates we were expel you ation fell more than 80 percent pre i. P. O. At the gates we were expel you ation fell more than 80 percent pre i. P. O. When investors balked at its mounting losses peloton lift and goober have also struggled to prevent investors balked at its mounting losses peloton lifton hooper have also struggled to. Persuade Public Markets to grade them on a curve also their stock prices fall on the day of the persuade Public Markets to grade them on a curve also their stock prices fall on the day of the Public Offering institutions and Retail Investors are refusing to fork over to unicorn Public Offering institutions and Retail Investors are refusing to fork over to unicorns the valuations that private investors were expecting particularly soft but the valuations that private investors were expecting particularly soft bank a major backer of lift and we work this isnt a picture of mass meeting a major backer of a lift and we work this isnt a picture of mass media its a picture of public so brian where the masses are diagnosing and its a picture of public so brian where the masses are diagnosing an acute fever in private markets bringing that back to the Opening Statement where i said this cute fever in private markets bring that back to the Opening Statement where i said this because you watch kaiser report weve been covering this weve been i remember misfire science showing charm because you watch kaiser report weve been covering this weve been i remember misfire science showing charts and saying when we were still in london 3 or 4 years ago saying that lifton and saying when we were still in london 3 or 4 years ago saying that lifton these companies were not worth that that they were a ponzi schemes and that one day they were trying to dump it on the these companies were not worth that that they were ponzi schemes and that one day they were trying to dump it on the Public Markets so i think this is also part of that censorship deal Public Markets so i think this is also part of that censorship d. Platforming sort of thing that we see is like the the Corporate Media dumb platforming sort of thing that we see is like the the Corporate Media doesnt have control over the dummies you know the dumb money that used to be called the dumb money the doesnt have control over the dummies you know the dumb money that used to be called the dumb money the. Average ordinary investor out there that is used to dump that private invest our bridge ordinary investor out there that is used to dump the private investor money onto the dot com phenomenon if youre going back to that era you have money on to the dot com phenomenon if youre going back to that era you know it was Technology Software problem Technology Driven where it was technology a Software Problem Technology Driven where the pitch would be were going to do publishing on the internet the pitch would be were going to do publishing on the internet you know in that magazines and newspapers will become redundant people will get their news you know in that magazines and newspapers will become redundant people will get their news on the internet at the time nobody believed that. Email is on the internet at the time nobody believed that an email at that time a member of hollywood at the time i was working and it was if you had an email address at that time a member of hollywood at the time i was working and it would if you had an email address it was considered a class a because you were considered a nerd nobody with it was considered a class a because you were considered a nerd nobody with respectable would have an email address you know the thats how until the blair witch project spectacle would have an email address you know the thats how until the blair witch project and then everything changed in hollywood because of the internet but here the story of the it in than everything changed in hollywood because of the internet but here the story of the not com vc driven unicorn craziness not. The sea driven unicorn craziness is even more bizarre in that its Companies Like we work is even more bizarre in that its Companies Like we work. The pitch was theyre going to own the Global Real Estate market the pitch was theyre going to own the Global Real Estate market so the founder was saying that the Global Real Estate market is for kit so the founder was saying that the Global Real Estate market is 5 trillion dollars or 10 trillion dollars and that we could own it and that 5 trillion dollars or 10 trillion dollars and that we could own it and that pets raised tens of billions of dollars that would be like saying im gets raised tens of billions of dollars that would be like saying im going to im going to start farming you know kumquats on the dark side of the money im going to start farming you know kumquats on the dark side of the moon because its its just im the the center of the story because its its just im the the center of the story that. If people think it is risky picks will take the press in this in early in the just coming to or through or that were just coming through has become even less less substantial its never have such as has become even less less substantial its never have such a such stories of lust such as a student raises the last bit has up sevens raised so many have money on these some money any money and money from so such a high concentration of the seas and now as you point out its collapse and of course theyre unicorns which are mystical magical creatures so it was always that and it is a world of negative Interest Rates so there we have gone kind of through a Looking Glass where maybe hugh might imagine that this time having cups and of course there unicorns which are mystical magical creatures so it was always that and it is a world of negative Interest Rates so there we have gone kind of the. A Looking Glass where maybe hugh might imagine that this time having huge losses and being subsidized by your investors and your bond holders because im a huge losses and being subsidized by your investors and your bond holders because remember there were people Bond Investors pouring money into. There were people Bond Investors pouring money into. And subsidizing huge percentage of every ride you take in and subsidizing huge percentage of every ride you take in super is subsidized by these crazy investors i dont know why they pay for half of my or i but they do and i take it and thank you its very polite of them but there they were never earning money and there was no hope for it we also talked about this in terms of the Shale Oil Production Bond Investors are pouring money into it the billions and billions of dollars your pension fund take it and thank you its very polite of them but there they were never earning money and there was no hope for it we also talked about this in terms of the shell Oil Production Bond Investors are pouring money into it the billions and billions of dollars your pension fund your local municipalities your like your state pensions everybodys pouring money and fund your local municipalities your like your state pensions everybodys pouring money into it and we kept looking at it and just looking at their earnings reports and looking at the facts and so and we kept looking at it and just looking at their earnings reports and looking at the facts and said just quite simply they are losing money that they still havent made and said just quite simply they are losing money they still havent made money they didnt make money when it was 20. 00 a barrel for oil they didnt make money when it was 100. 00 me they didnt make money when it was 20. 00 a barrel for oil they didnt make money when it was 110. 00 a barrel so theyre theyre not theyre losing money the whole way because that way it read good in 10. 00 a barrel so theyre theyre not theyre losing money the whole way because that way it read crean students. Syndrome where they have to keep on drilling faster and faster well now its really really suffering syndrome where they have to keep on drilling faster and faster well now its really really starting to hit again just like the no not com bubble where the Public Markets are starting to hit again just like the no not com bubble where the Public Markets are saying do you guys arent making money and youre never going to make money well its starting to really hitting these you guys arent making money and youre never going to make money well its starting to really hit in the shale oil sector in america despite all the hype despite the shale oil sector in america despite all the hype despite that like what you were saying about newman with we work where hes like were going to hold the global commercial real estate like what you were saying about newman with we work where hes like were going to hold the global commercial Real Estate Market member all the headlines that america is like we produce way more oil than saudi arabia market member all the headlines that america is like we produce way more oil than saudi arabia where were an Oil Rich Nation you know like them foil Field Services figure where were an Oil Rich Nation you know like them foil Field Services face crisis as shale slowdown worsens shell Oil Producers are under fire from investors while most analysts see a supply glut in 2020 the 1st and 3rd base crisis as shale slowdown worsens shell Oil Producers are under fire from investors while most analysts see a supply glut in 2020 the 1st and 3rd Largest Oil Field Service Companies in the world saw their earnings hit in the 3rd quarter Largest Oil Field Service Companies in the world saw their earnings hit in the 3rd quarter due to the slowdown in the u. S. Shale drilling schlumberger took a 12 points are due to the slowdown in the u. S. Shale drilling schlumberger took a 12700000000. 00 impairment charge related to its north