Oh, my goodness, kathy wood just fired back at michael berry and it was brutal and savage, and i got ta tell you. I've never seen kathy like this. Her twitter is going crazy right now. She literally held back zero, punches and i'll share with you, the tweet, as well as my opinion, whether she's right or wrong about michael berry.

Also, china is being china again. I've warned you from this months ago. China is never going to stop being china. It's like a very courageous friendship between a cat and a mouse.

Eventually, the mouse is gon na get eaten it's kind of obvious now. This is the same thing with china. You've all been preaching to me. Well, china is separating the economy, which is completely free from the communist government.

Now, in itself, this concept is kind of screwed. Up i mean: would you really want to have a free economy in a completely weird kind of communist state, but the main thing i've been telling about as a guy who came from a communist country, i've seen this happen before communists are like the scorpion and the Scorpion and the turtus they cannot help themselves. They can't help by meddling in a good thing. They can't just let it go their control and their dominance is much more important to them than the success of their country.

Just just how common this think and that's why they're all pieces of trust me i've been there, i've seen it now. This new thing coming out of china is basically the chinese government coming out and saying well now that we've done over-regulating the freak out of you. I think it's a good time to redistribute our wealth more evenly. Chinese government pretty much came out and said: well, we don't like people getting too rich we're going to redistribute it a little bit.

Does it sound familiar trust me, this is pretty much the definition of a close and, of course, we got ta talk about what palantir just did, which is nothing short of insane. These guys just bought 50 million dollars worth of gold, not gold stocks, not a gold. Etf actual gold bars, which they're gon na put in their save i mean this - is the equivalent of buying a model t or a fax machine. What the hell are they doing, but there's a good answer for that and again i'll explain to you what is going on with patenteer and the stash of gold they've just created and of course we got ta talk about another inflationary signal.

This time we have lows busting through the earnings making way more money than people anticipated again that kind of joins what happened yesterday, with walmart and home depot people are spending more money on retail there's, definitely another sign of inflation creeping up and with the way mask Mandates are being prolonged and people are basically rolling back the reopening. It's not a good sign, but again creates a lot of opportunities. I'm going to talk about everything, including valentier, including kathy, including china, in this video so buckle up. This is about to be crazy.

Now the only thing i asked of you, as you know, don't click, nothing, don't smash, nothing don't buy nothing. There's no sponsorships. There's no courses just give me your attention and let's get started. So.

First of all, we have to talk about this kathy wood thing, because this is insane i'm going to show you her tweet in a second check this out. So what you're, seeing on the screen right now is kathy wood's response to what happened with michael berry. In case you missed it michael berry got a put, i put, is kind of the unwanted cousin of a short basically gambling or betting, that rk the innovation fund of kathy wood will go down and of course, i'm sure kathy would didn't appreciate it. But i didn't think she'll take to twitter to actually bash this man which she did and it creates a really interesting story.

So kathy wood went ballistic, you have to remember, she has to be cordial. She has to be politically correct, but even in that framework, what she said in this tweet is insane check. This out. Do his credit.

You know when somebody says to his credit. It never starts well, who is credit? Michael berry made a great call based on fundamentals and recognized the calamity brewing in the housing and mortgage market. Now, what she's really saying here is this dude had one lucky shot, give me a break now. I do not believe that he understands the fundamentals that are creating explosive growth and investment opportunities in the innovation space.

Basically she's saying well, this dude had one lucky shot. He has no clue about innovation. He has no clue what the hell he's talking about. Give me a break now.

Here's my interpretation of this. Do i think she's right? No, do i think michael berry is right, yes, but i still think that kathy with the dark invest is a great investment opportunity. How the hell does this kind of coexist? I'll explain. Michael berry definitely understands innovation.

He definitely understands growth, he's not an idiot he's, not a donkey. Now kathy wood is talking about him, not understanding the fundamentals, the growth - and i think that's not the case here. Michael berry isn't betting that rk or entire arc funds, or the entire growth sector will not do well in the next five to ten years, which is what she's banking. On he's saying that, in the short to medium term, i'm going to put against this company because i think inflation is going to rise, pushing down valuations of companies that has future upside we've talked about this a million times when inflation goes up.

Interest rates go up. Dcf valuations goes down for companies that have future upside that are not making a lot of money today right now. This is exactly what he's betting on he's, making a technical bet against inflation, basically taking on the biggest fund that actually represents the sort of companies that will suffer inflation. The most you have to understand that michael bury's bet is insanely time limited he's betting on inflation.

Now, bringing down valuations of innovative companies he's not betting against innovation or growth or disruptiveness. That's not what he's doing here, but she got so pissed that she had to take a few shots at him. I get it now. She still has a great fund and in five to ten years, you'll see how good her choices are.

I think, in my opinion, but i think the dude is right in the short term, i think inflation is creeping up and it's definitely gon na hurt in the innovation space in the growth space. It is what it is, but if you're a high conviction investor like kathy wood, like me, you just stay in it for the next five years. You really don't care, but when somebody insults you like, he did she'll take him on twitter and give a few shots. I don't think she means it.

I think she was pissed when she tweeted it. You know what they say: nobody ever regretted a tweet, he didn't tweet or she in this case i'm sure kathy, would if she could probably would have taken this tweet back. But again it's good entertainment, it's good fun, i'm sure, michael berry doesn't give a about this tweet, i'm sure she has better things to do today. She's, not really obsessing about it.

It's just a nice little story, but in this case i think both of them are kind of right. Now. Look at this. China calls for curbs on excessive income for the wealthy to give back more to society so who's to say what success is now.

I don't appreciate seeing some dude with a gazillion dollars riding on his yacht, while next door, somebody is rummaging through the garbage. It's not a good luck, but the alternative, which is to let the government decide what's excessive and let the government redistribute wealth, creates an enormous cluster freak that you have never imagined in your life. Coming from a country that had a government that decided who gets what? What's excessive, what's fair it birth, one of the worst societies and experiences you can ever imagine trust me if i had to go to 1980s russia or saigon in the middle of the war, i would go to vietnam, i'm not even kidding you. Russia was a hell, hole and they're doing the same thing.

They had a nice idea. Basically, they said well. Communism is trash. It's ruining everything in its path.

Why don't we let the economy just grow free right, we're not gon na put our communist paws in our economy and we're gon na. Let it go crazy. The economy goes, kaboom goes explosive and now that it's gotten so good and so big they're afraid of losing control and they're gon na bring it down just to save their own control freakness, and you know what it's unbelievable to me, how predictable communists are now. I was dealing with communists in the 80s and the 90s in russia.

Now these are brand new asian communists and they're behaving in the same manner now they're about to self-implode their economy on the altar of control and people are still pouring money into this country as if it's a good idea, look at the discounts, look how cheap it Is look at the fundamentals? What fundamentals mother lover? Are you not seeing this? What fundamentals? What are you talking about? Look at this? This is russian terminology. We invented this excessive income. I mean we coined this they're literally about to go this same path. We took a horrible country through and they're about to demolish everything in their path.

It's a horrible development. I feel bad for the people of china, but it is what it is now this article amuses me palantir bought 50 million dollars in gold bars last month preparing for a black swan. Now. This is where it gets funny: a pilot you're about 50 million in gold.

Now, when i say gold, i mean little gold bars, not some etf, not some commercial paper, actual gold bars they have to put in their offices, which is in itself an insane idea, but i get it. I mean why not? You have to be unique. The really cool part is when they were asked about it, and even though it's a tiny little portion of the cash position, they have over 2.3 billion in cash, so they put 50 million in gold. It's an interesting story and people started asking them well.

Why did you buy so much gold, 50 million out of 2.3 billion and a lot but again, fair question, good story, it's sleazy, so basically palantir. Instead of doing the whole kind of politically correct answer. Well we're just hedging our pets, it's a financial blah, blah blah. They went ahead and trolled everybody well we're prepping for a black swan event which sent the media into a frenzy.

Now here's the thing you need to understand why this kind of answer actually sues volunteer, and it's not, but it makes no difference to me how i behave. Palantir is like a divorce lawyer. If you ask a divorce lawyer, is that a good idea for me to get married that divorce lawyer is going to come up with every single thought of why it's a bad idea to get married palantir's job is to prep for black swan events. That's the only thing they're engaged in they're, basically prepping for collapse for a pandemic.

I mean they predicted covet because of that years ago, there's a little video on their youtube channel, so them saying well we're prepping for a black swan event. It's like saying! Well, it's a divorce. Lord. That wants me to sign a prenup.

I mean he's a divorce lawyer. I mean it is what it is. Pine tea is just being piled in there, nothing unusual, again: 50 million out of 2.3 billion, it's probably half a joke: half a troll half a gold who knows, as always, don't smash nothing, don't click nothing but buy nothing. You know it's just my opinion.

It's just some guy on the internet, not a financial advisor might be wrong, might be inaccurate, might be the ramblings of a madman. You got ta, do your own research don't go buying up gold bars? This is crazy, i didn't even know. Can you buy gold bars like physical gold? Where did they get it? I mean this is crazy. Anyways.

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