Hey everybody, welcome to this beautiful Wednesday My name is Tom Nash Let's get straight to the point: there's a lot to cover in this video. Tesla has plans for an 800 million Factory investment. The European Central Bank is actually at odds with John Paul and the FED we have a lot to talk about Michael Berry Against the FED we have some issues with Credit Suisse You absolutely have to hear about Rivian is actually terminating two key employees. Binance is apparently at risk of collapse according to Forbes and we have some news out of: City Who's telling you to not hoard cash a lot to cover this video? Let's get straight into it.

So first of all, let's talk about the first subject: Tesla Actually has plans for an 800 million investment in expanding the Texas facility. I Think it's beautiful While everybody's talking about Tesla losing demand, ask yourself this question: If you're in the business and you're facing a demand problem, you just literally can't sell enough cars. Are you investing 800 million in expanding your production capacity? I Don't think so. In fact, I Think it's kind of hilarious when Tesla is investing in expanding its production facilities by 800 million while the rest of these clowns like GM and Ford are investing in Super Bowl ads for cars, they can't even make 36 lyrics sold in Q3 of 2022.

Come on guys, get your stuff together. Let's talk about Michael Berry versus the FED Another very interesting topic. So Michael Berry tweeted a few days ago basically saying hey guys, the FED is going to overshoot it. Basically, we're going negative inflation this year.

In the second half of the year, the FED is going to freak out basically saying, oh my god, what have we done We've raised interest way too much. They're going to start stimulating again, which is going to send the stock market into a crazy rally and bring back inflation stronger than ever. Now in fact, if you look at the bond market right now and you look at the way the stock market is behaving, a lot of people are agreeing with Michael Berry there's a big part of the investment Community Who's betting on that specific scenario? While in fact, the FED in John Paul are very clear, they're not going to do that. In fact, Jared Powell Jerem Powell Jerome Powell's poke yesterday and he literally said, hey, we're not backing off.

We're gonna go through with this all the way through 2023 and possibly 2024. Don't expect any rate cuts at all. So the quest question is I Think whether Michael Bear is right or John Powell is actually going to keep his award is actually very simple. It's a factual question.

So the way we find out who was right about this is what happens with inflation. when CPI data comes out in December and in January and in February we're going to find out which direction this is heading. You know, when you're peeing Against The Wind You find out pretty quickly that your feet are wet, so we'll see if we are headed to negative inflation. We should see impact so that actually start to accumulate in January and February of this year as well.

So we're gonna find out who is right about it because I can tell you one thing that if inflation goes negative, that's not a healthy Market that's not a healthy economy. They're going to have to do something and that something might actually be exactly what Michael Berry is saying. But again, nobody will know whether Michael Berry is right or the FED is right. But I'm personally I'm not going to bet against the FED I think playing a game of chicken against the central bank that has literally nothing to lose and I have to lose all my money.

It's not a smart chicken game I Want to play? In fact I think there's chicken smart game anywhere except for maybe chicken. Genius. but that's all different video. Now let's talk about the second topic.

So the European Central Bank actually had the audacity to respond to what Jerome Powell said yesterday in his very Nothing Burger speech. So yesterday actually I don't know if you noticed this, but John Paul actually spoke yesterday. Nobody covered this because this was pretty much a nothing burger at five minutes of a plain vanilla spitch that made people fall asleep literally. But the only thing he said of importance in that speech that we hadn't heard like a thousand times before is the fact that the job of the Central Bank in America is not to deal with any climate change issues.

That's the legislator's job, not the job of the Central Bank which I 100 agree with. And somehow the European Central Bank has the audacity to come out and respond and call John Paul a clown. Whatever right? So they come out, Two board members from the ECB the European Central Bank came out and said no, no, no, This is literally what the job of the Central Bank in Europe to do is to deal with climate change. Now look, you're European Folks, you need to understand what the job is.

You have one job. literally. Price, stability, economic sustainability. You have nothing to do with climate control.

The fact is, this is exactly what's wrong with Europe Too many legislators not doing their job and too many bureaucrats like the board members of the ECB thinking it's their job to deal with climate policy. Jesus Christ Just do your job man. Look at inflation in Europe Right now. Focus on inflation.

Who cares right now about climate change? Come on. this whole, like virtual signaling in in Europe has gone out of control. I Can't believe we actually heard this Now Binance, according to Forbes is at risk of basically going under. It seems, at least allegedly according to the Forbes article.

So Forbes article just came out saying that Binance lost about 12 billion dollars in AUM in under 60 days. Which means that people pulled out 12 billion dollars or they lost value. Whatever may happen. but at the end of the day, it's 12 billion dollars Less in the bank now I Don't know exactly if it's actually a risk for Binance or not, but that's the whole problem.

The fact is, nobody knows. What do we really know about my lens? I Mean who their freak regulates? Finance Who Who gets to see their books? Who gets to regulate them and supervise them? We know nothing about Binance I know just as much as well Binance about any regulator in the world. They're not regulated anywhere where what's going on. So I think this whole thing with Binance.

It's actually a very interesting test case so to speak. So Forbes are saying hey, Binance is at risk Now we know what CZ is going to do. He's going to come out for like 57 interviews and he's going to explain. This is fun and everything's okay now.

I Don't know if Forbes are right or Cz's right, but that's the problem Nobody knows. We need a little bit more transparency with now the Monopoly The factor with FTX basically dying in in, you know, in a ditch somewhere. We need some transparency about Binance because most of the market right now is sitting on Binance. So can we please get some more transparency so we can find out if you guys are really in trouble or not? With all due respect to CZ and the crew, I mean you guys sending me 57 emails saying everything's okay.

It's just not enough we need to have like a supervisor, a regulator looking at your books. I Don't want Cryptocurrency regulated I Don't want Bitcoin regulated? That's the whole point. But I want The Exchange regulated? How about that? Let's start with that. Now, Rivian is actually announcing that two key employees are living and these are important employees.

The head of the global supply chain is living and the Vice President responsible for Bodywork is living. Uh, look, they have 15 000 employees. Two employees living is absolutely not a huge deal. Um, at the end of the day.

Look, Rivian is kind of a victim of their own hype. It's a terrific company. They have a terrific truck. If you actually had any experience with the Riven truck, it's unbelievably fun to drive and to Camp with it's just a beautiful beautiful artwork.

So Rivian has a great product, they have a great team, they have a great Rd department and they're sitting right now with a product and the pickup truck category which is something that Tesla doesn't have. So Riven is really sitting tight in the best category in the U.S Auto Market the trucks. the category that's been dominated by the F-150 for as much as I can remember. So good for them.

But that's the problem. The stock price have gone so much, the hype has taken over this company so much that people fail to forget that this is a startup. This is startup with a lot of promise and I hope it succeeds because I hope we have multiple EV success stories in the market, not just Tesla I'm not one of them Tesla boys who just say hey, hey, if it's not Tesla then you know I hate you I Definitely think some EV creators are absolute jokes Lucid For example: I don't have any faith in in my own personal opinion, but Rivian is definitely a producer I absolutely want to succeed and I think they can if they do the right choices. But at this point there's just so much hype under this talk.

people need to stop talking about it, Let these guys work and let's see if they can actually scale. Hopefully they can. Moving on to: Credit Suisse So Credit Suisse Get this. They're discussing about having their bonuses for the year.

So basically they want to just give out one billion of bonuses this year instead of 2 billion. Why? Well, that's because the bank lost literally seven billion dollars this year. Probably one of the worst years in its history now as this happened. Get this: 17 of their employees are going home.

They're 10 terminating seven percent Seventeen percent sorry of their Workforce Literally one-fifth of Credit Suisse is going home because they lost seven billion dollars. But get this. The executives are not paying the price. The executives are not going home.

They're getting just half of their bonus. Now tell me. Tell me I'm just in the wrong profession I Kid you not I'm in the wrong profession I'm literally in the wrong profession. Tell me which job in the world except John Powell Which job in the world you can screw up tremendously, stupendously, do a horrible job the worst ever, and still keep your job and get a bonus again.

except John Powell You know he did it already once. but except John Paul Credit Suisse Seems to be the only place when you can scrub so bad, put the bank in trouble. Get 17 of people to go home and get without a salary. People have to, you know, have to feed their kids and and put put their wives in school.

Whatever they they have to do it. I mean come on, there's no credibility having the bonuses. How about you Mother lovers? Take zero bonuses. You just screwed the push.

You still lost seven billion dollars. Not to mention the fact that the AUM for the asset settlement for credit Swiss went down from 740 billion dollars to six 50. yeah, 650. If my math is working, of course it might be not.

But I mean 90 billion dollars of AUM lost. So 90 billion of rich mother lovers money was withdrawn from credit Swiss They lost 7 billion and they're firing 17 of their place. But the bonuses? They're only cutting them by half God Forbid they don't get their bonuses. The people with the boats in the house and the Hamptons Come on now.

I Do want to talk about something else: A double line. Capital CEO Uh, Jeremy Gundlach is saying that he tremendously favors non-us stock over U.S stock. NOW To me, that's blasphemous because I honestly don't know where he's taking his data from. Look at VT which is the global index versus the S P 500 over the past five years VT did 15.

The S P 500 did 40. Now look at a 10-year stretch. David did 80 which is nice in 10 years. The Sap Vara did 170.

You see where I'm going with this. Now look the U.S Economy, which is the S P 500 and there's a S P 500 is the US economy. You can't actually differentiate between the two. The U.S economy is so strong, it's so powerful.

It's so dominant that even the FED can't screw it up. Imagine that even John Powell could not destroy the U.S economy in that debate. I Much rather go with Warren Buffett Who says that you should only bet on the U.S economy versus everything else versus Jeremy Gundlach. With all due respect to Mr Gundlach, I'm going with Mr Buffett and I'm putting my money in the S P 500, but that just me, who knows.

You might have different consideration Now one little thing before we go: City according to a CNBC article in CBC Pro actually is behind the paywall. but I actually read it because I'm not a cheap model lover. They're saying stop hoarding cash. Hoarding cash is a horrible mistake.

Now let me tell you something. Uh, you might not get you know, protection from inflation, withholding cash. but guess what, Nobody ever lost their house and their life by holding cash. They nobody went broke by hoarding cash.

A lot of people who went broke trying to hedge against inflation in a bad Market Just remember that before you read this sort of advice from CNBC Another very respectful, respected media Outlets Quick word: Before we go: we had the first 1000 people sign up for stock. MVP It's my own platform for stock research stock Dash Mvp.com A thousand people signed up for the Founders plan which is 99 per year for Life 34 of them ask for a refund. That's okay. we gave them a full refund no questions asked, but that means it's 34 spots left now.

Once they're gone, they're gone. The link is going to be below the first 34 people who sign up. Get the annual 99 Founders plan. Go get it right now if you want to try it out 14 days, no questions asked, refund and if there's any refunds within that 34, we're gonna give it to you again.

But unless that happens, there's not gonna be any more spots. Thank you so much! See you tomorrow! That's The Power of Love shout out to you and Lewis in the news.