Hit the Licc pt.1, The Hustle Never Changed

free humans. I bet you know homemore rectus you feel me? Uh you you hear my play on words, octor mug. I just think it's the umbrella profession for all other professions, especially um inner city professions. And I really think that it's the most transferable skill that comes from any inner city And it's just hustling. I think the hustle is the oldest profession because it's all of the professions. Because the hustler is the one that noticed that yo, I

can yo your genitals, I can sell you stuff. It's the hustler, not just saidly the pimp, because the pimp is a type of hustler. Years there saying. The point is the hustle. It's the oldest profession and it's the most long lasting profession. This profession has stood the test of time, the test of culture, the test of socio economic cast systems, empires, autocrats, uh dictatorships, communists, fascists, democracies, what, however,

you organize your society. The hustle, saw hustle. You find it everywhere and in every part of the world, and in every general and in every back to the Stone age, there is always being a hustler. The hustler understands what the lick read, how to spot the lick, how to hit the lick, how to set somebody else up to hit their lick. This is the most transferable skill from hood to proper society, I think, than any other skill that comes out of our inner cities. It's the hustle

and being able to spot the hustle. Because the hustle is very simple. You either spot a need or create a need, and then provide that need. Even if the need ain't really a need, you provide in anyway. It's a hush souls today, Happy New Year. I don't know when this is coming out, but I just we just got to talk about this FTX collapse, hood politics, y'all. Alright, alright, alright, this is called hit the Lick Part one. Now, the lick is usually a very specific opportunity to make money,

you know. That's that's that's the lick, and it's it's the task itself, if that makes sense. So you know, we talked about a long time ago one of the early episodes called what the Lick read, you know, and it's the discussion around what is today's current opportunities for us too making a little month either robbing somebody breaking into the house, or setting up a certain particular situation.

That's you usually to lick. Now, the hustle is the entire industry of what you're doing, and the lick is the particular task inside of the entire and it's the hustle. It's the whole thing. Now, when you are hustler, the industry can vary, right the market that it what we're working in don't matter. Just a hustler. You know, there's another term for this improper society. We call that a serial entrepreneur. Now, see that's what I'm trying to tell you.

It's a transferable skill where the business you're getting into can vary. You're just good at spotting business opportunities as as a hustle. As a hustler, you just you know where there's money to be made, and that dude carries a certain swags the confidence about them, you know what I'm saying. I'm saying like you just kind of believe them when they talk if you're gonna be good at it, feel me. Now, a hustle isn't always illegal. It's not

always a con now. A lot of times we you know, you you you when you hear a hustle, you think it's a griff, you know, or or or a con or a con artist is a certain type of hustler, you know what I'm saying. A drug dealer, that's a certain type of hustler, you feel me. And a lot of times, you know, unless you really really really love the actual drug game itself, the drug you know, cracked harrow and that stuff was means to an end. This

was just a very sellable product. They hustlers. A lot of these brothers is like, if you find me a better hustle, we'll do that. You know. They were just like listen, opportunity casts, trade offs. It's like r O I just your return on your investment. It's like the return of the returns was so high. That's why I gotta the drug dealing, you know what I'm saying. I mean, of course there's a lot of like you know, violence involved,

but like why those skills were so trans horrible? Why you see in you know, music industry and stuff like, like like why because it was a transferable skill. I know some brothers who like got into like streetwear and clothing because it's just they enjoyed the hustle. They were good at that. It's a transferable skill. The serial entrepreneur. This is a hustle. You know, it doesn't have to be a criminal activity, and it doesn't have to be crooked. Now sometimes it is because you know it is what

it is, but you tell me it was not crooked. Unfortunately, we live in a society where you have to just have a bit of cognitive dissonance, like we all have to. You just to live right now and have any sort of semblance of joy inside of yo your very existence, you have to be just slightly inconsistent somewhere, I mean, or go get off the grid and live in the mountains. But you live in a mountain. That is, you're living on stolen land, so you already know what I'm saying.

There has to be some sort of dissonance somewhere in there. And you know I don't care you the justice of the justified, of the most justice. It look you compromise you somewhere. We you know we I watched this, Uh this is the day after the World Cup finals. You think I don't understand what's wrong with Qatar, you feel you think I don't know what's wrong with that, just like the only we did an episode on the Olympics.

You think I don't know unless you're gonna research and hold accountable the entirety of the supply chain of everything you've ever purchased. Uh, then you a little inconsistent. I mean, that's just it is what it is. That's just part of the game. Part of the game. It's just, you know, I don't know what else to tell you. You're gonna be at some point, whether you know or not, you have traffic stolen goods. You then downloaded a movie somewhere.

You know what I'm saying. It's just the difference between you and us who just grew up in these cities were just like, look, man, that's just part of the game. Yeah, that bootleg DVD I got. I know what you want me to say? You didn't, you don't hop the train, you don't snuck into a movie. You feel me like what you know what you want me to tell you are your little proxy servers, you know, your multiple email accounts to get the free onlines like we just we

all hustle. The point I'm trying to say is that it's not new. Whether we're talking cowardy shells, prostitution banks, or cryptocurrency or n f T s, it's a hustle at all. I mean, it's not like there's not some genuine stuff going on in there. But it also don't mean there's there's nothing without any criminal or shady activity.

It is what it is. Now. What comes with hustle and hustlers and and reading the licks and understanding the lick is the necessary skill of knowing a hustle and or a hustler when you see one, being able to understand what the lick is. And sometimes when you are the lick, sometimes you're the hustle. As just saying among um, which you probably know by now in the year of our Lord, that when you're downloading an app or on some sort of social network, if the product is free,

then you're the product. Does that make sense? Right? You are what they're You are what's being sold. That's what you know. That's a not what what we say. Like, Okay, if Facebook is free right to us to use an oscar stuff, that's because they're selling our data that they're selling us. We are the product. I don't know, y'all saw well, I'm pretty sure you have by now. You know. Twitter is like, look, we're not letting you promote no mode other social media's on our platforms. I get it.

It's just this is ridiculous, you know what I'm saying. It's because look at they're like, we're a service without a product. Like that's what he tried. That's what he tried to say. It's like, we'll have nothing about selling anything. We can't make it. We can't make any money, So why would I let you make money on other places using what we have that ain't making no money. It's just a hustle. He's just bad at it. Like I know, y'all think he amazed it at it. But let me

tell you something, man. You gotta look at these numbers, man, like think it was a four billion dollar company. If you owe five billions, like, that's not you. You ain't got it. You ain't made no money fair like you made me. You may, you may all paper and this imaginary thing to say your company net worth for nig You can't go to the bank and pull that money out. I think we may have talked about this before, but wealth is this. You stick your card into that machine

and it go through. That's wealth. When you swipe your card. You ain't gotta sweat. I don't know if you've heard stories people talk about all the time, like Yo, we didn't know we were poor. Do you know what I'm saying? Like there was even a thing going around Twitter? Man? Twitter is such a great place. Um asking at what

age did you realize y'all was poor? You lived in the hood, And for me it was like I thought, because I had family and friends, I was like, no, no, no, they're poor, Like that's what I thought, you know what I'm saying. But it wasn't a till I realized there was such thing as like thirty one flavors and like Dryer's ice cream that there was places specifically for ice cream, like that just wasn't thrifty. It wasn't I'm like, wait,

I cree like this. I didn't know when we moved out of Lent like this part of the I talked about all the time we moved out, and then I went back and realized there was bullet holes in our garage door, like I never noticed because the way we was brought up was like, look, man, you know, if you needed Joe carburetor change, you asked Poco down the street.

You know what I'm saying, Like, you know, if you need babysitting your neighbor doing like we just you make spaghetti because spaghetti last for weeks, like so we ate. You know what I'm saying, Sandwich isn't sugar water, Like you don't realize until later, because again, my parents spent money very wisely. You know what I'm saying that things we didn't have. I you know, I knew I like I knew I ain't had like the designer shoes and all that good stuff. I knew people, but it was

just simple. It's like we can't forward that so we don't get it, like you just I thought that that was just being wise. I didn't know it was because we were just kind of low working class. You feel me like I ain't. No wealth is when you go to pay for your groceries the card go through. So listen, if you work in minimum wage fan unfortunately you know,

minimum wages way below where it's supposed to be. But when you went to that in and out, went to that five guys and you stuck your card into that machine without any fear that is not gonna go through, or that some of your other bills are not going to get covered because of this, that's that's wealth. When you look at like and I mean it's this is absurd to say this, but when you look at like a billion dollars and two billion dollars, like what I mean,

what's the difference in their lifestyle? Was what? You know? It's a there's no difference in their lifestyle. They stick their card in and it works. So look, if you got a million dollars but you got a two million dollar lifestyle, you're broke. You understand. That's what I'm trying to say. One, live within your means and too, don't let these people fool you. Their money made up because guess what. They can't stick their card into that machine

and buy that five billion dollar home. They're borrowing that money because the piece of paper said that they're worth twenty billion. But y'all saw when the stock market did that little thing, and apparently Mark Zuckerberg lost some something something something billions of dollars in a day, in an hour because the stock market dropped. Did his life changeing? Is it's not real money because he can't go to the bank and pull out a billion dollars. It's just

on the paper. Well maybe he can, but I just I look from what I understand how that ship works. That's not how it works. It's just a hustle. And you have to know how to recognize a hustle when you see one. Now, when you recognize this hustle, here are your options and this now I'm giving y'all game here. You need to decide is this worth it for you?

Because you know what they're doing. Once your brain clicks in and you understand, oh, I'm just talking to a hust Now I need to know, okay, what's in it for me? Well? This like and you have to know now, which is a real art and I think comes from for me years of experience is now I know how to talk to you. Some hustlers are ego driven. You just need to butter and foods up. So in this sense, it's a rope a dope. You know what I'm saying,

it's a judo. I need all not you know, you got yours, yoa you run these streets, man, you run this here, yo, tell me what you're doing. That's amazing, homeboy. Man. So so then so then and and if I'm doing that, either I'm getting this dude off my back, so I make sure that like either I don't get caught up in this hustle you understand what I'm saying, or I figure out how to make this work for my advantage.

Some people, you just gotta keep a million million miles away from you, you know, because if you get sucked in, you're gonna lose all the money. Because because that brother ain't got no money for he using yours to pay for his Oh here we go, he using investment, you know, said to get this lick off. That's what you trying to do. But you gotta recognize it. Some people they get a high off off the game itself, and for them, you gotta figure out how to understand their cards. For them,

it's not judo, it's poker. I need to be able to understand what's going on in their cards. And you know, for me, like I'm not really a good poker player, I really understanding game. I ain't gonna lie to you, like, but I could slap some dominoes. I could play some Bones and let me tell you something. Apparently a Bones is an old head game, which I didn't know, so

I guess officially I'm in that round now. Or that's like a West Coast thing I found out, like West Coast in sort of Texas, and you know that, like apparently everybody else don't play dominoes like that. But I tell you what, if we're playing a one on one or teams or all four around the table, depending on what you play, I know what's in your hand. I just because I've played the game enough, I know how

to switch from offense to defense. I know how to like because if you know, if you know how you're playing that, you know a lot of times, like it's like chess or any other game, like when you're playing with somebody, I really don't know how to play that it's hard to predict because they play all willy nilly, you know what I'm saying. But when you're playing with somebody that knows how to play right, then you could start adding a lot of these strategies and start reading

what's going on. My homeboys. My homeboy Derek Miner on my other homeboy camera stranging over the relevant magazine, shout out my homeboy Cameron. I taught him how to play dominoes. And there are times that we'll be sitting around the table and I'll be like, play the six four and they look at me all mad, like how do you know?

Because I'm like, I've played enough. It's not magic. There's only so many of each suit each domino, right, And I know if you would have had this other domino, you would have played it a long time ago because it would have made you a lot of money. You would have scored, you know, points that you played that one right. And I know that when I played this right and you hesitated that you didn't have that piece. So that means if I'm counting my dominoes, I'm going

on tagit. But this is what I'm trying to say. It's like, you got to recognize I'm kinning my dominoes. I'm like, it ain't. But there's only one more six out there. And I'm looking at the board and I'm like, Okay, you can't play there. You can't play there, can't play there. You would have played that if you had it. That means Derek got the six four, played the six four. He's just like Derek be like ship man and then he played a six four and I'll be like, perfect domino.

You know what I'm saying. So, but it's because I'm just watching the board. So when you're talking to somebody that's in the hustle that's like just gets to high off the game itself. You have to be able to read what he's what that person telling you and what they're not telling you to figure out what they actually saying to you. I've had to use this skill in many professional environments around the music industry, around um even

some of like just corporate situations. You need to just gear out what this person is saying and the only and I ain't go to no business school, you know what I'm saying. And look look and in my life, my my young life. Yeah, I mean it could have been where it wasn't that hard, you feel me, Like I wouldn't. Look I wasn't in section. Hey, I wasn't in the projects, you feel me. I was. I mean, who's whose low income? But like I was Swing generation, like my parents split, my mama got the House of

the Birds. You feel me? So like I, I was able to experience things in so many differentses. So it's like this proof of concept of taking what I learned in the in the in South Central in the six to six and even applying that in the high school I went to way out in in the suburbs. I just was like, I just know a hustle when I see what, and especially a hustle from somebody who came from the samehood I came from. That parents had the

same idea as me. You does mind? You know what I'm saying to make me go to this night school. I'm looking at this food like, uh huh, I know what you're doing at all? Boy, You feel me. It's just you have to be able to recognize the hustle. And it's the same, guys, it is absolutely the same. Don't let these crypto bros fool you with all these big terms and the eats, you know, and the doose coins and you know, the stock markets and the bitcoins and the cryptos and the meta. Don't let these fools.

Don't let these fools fool you. It's the same because the hustle is a hustle. Let's talk about f t X next. Yes, alright, alright, alright, alright, alright, alright we're back. So by now it's old news. But you know how I like to work, I like to like make sure

I understand exactly what's going on here. So at this point, uh, your boys were at least the day that I'm recording this, your boy has agreed to go to trial about how just poorly he ran f t X, right, which is a cryptocurrency giant essentially for the for the for the sake of our understanding, it's a bank where he was doing things that essentially he's he's he's accused of defrauding investors and customers to like the tune of like billions of dollars, And he was arrested in the Bahamas, right,

and he was forced to face trial. But what was funny was like, um see this is the thing about the Swireirl hustlers, But really it's the mediocre white boy thing in a lot of ways to where it's like you still feel like you could get on the talk show and say your side, like if people just understood, like no, I just I was just in over my head bro. Like look now I'm getting on the tangent here.

But like listen, man, that's that like, that's that rich, that rich boy energy where you feel like you could just talk your way out of anything. You take a rich boy, rich white boy though less you feel me and you put a little hustle on it. Oh, this nigga has never been in trouble ever. You know anybody like that. They they can talk their way out of everything. They's never been just no nothing, never stick. You feel me, don't be their best friend, because man, he gonna have you.

He don't have you on your little bikes riding up the old man Hickory's house right going in there. It's stealing that man Vincent vand gold painting. And he'll be like, they'll talk good bro, just bro, just tell him you've got lost, no big deal. Bro. It's like, what do you mean, It's no big deal? Nigga were going to jail, but I can guarantee you man, this bad Listen. I'm trying to give you background, but you remember this man is the child of two uh professors at Stanford Like

he all right, you feel anyway? Uh? So he was out in the Bahamas. He had these two partitions. So he had the bank, his crypto bank, and then he had this like personal sort of like investment firm to where it's like, if you want to, like, you know, make your money sweat a little bit, you could work on this side. But we'll go we'll get it to the specifics of it later. But there's a few things that I think you need to understand that if you

like me. It was like when you heard bitcoin and how bitcoin work, he was like, huh whatever, it sounds like the same ship because it kind of is just depart the so because the hustles a hustle, right anyway, the magic of bitcoin or cryptocurrency if you will, Um, Now, this isn't a crypto bro uh pod. And I'm probably gonna get a lot of this wrong or at least incomplete, because it's not necessarily my field of expertise. But I can help you understand it like this. Remember I say

this all the time, money is not real. It is worth what we say it's worth, right, And the value of those dollars changes per country, right, because each country gets to say, in relation to what their currency can purchase, how much that currency is worth. And then we have this whole exchange rate. You know, if ever you travel, you know what I'm saying, Well, one dollar equals this many pasos you know, or pests. You know what I'm saying.

Wherever you are, right, And if your brain worked like mine, you was like, this seems arbitrary. Sometimes it just seems like y'all just moving decimals. Because listen, whether a cup of coffee and a croissant costs five dollars in America, but you tell me it costs fifty five, you know, pestos in Mexico. I'm like, it's well, it's the same because it just still just brought me the same, right, because of just it's what difference? What do you mean

your dollars worth? Right? So I'm like, what because the numbers made up? Like you're just moving decimals. It took me these many hours to make this amount of money. So whether you call that money you know, calary shells or one bitcoin, Like, it's just it took me this much time to get that, right, So it's just it kind of it's like, what is any of this stuff mean? Well? It Well, the truth is you're right, Like, it doesn't

mean anything. It's what I just need to know how much milk is and how many hours I gotta work to be able to have enough of whatever this currency is to get that milk. That's what it means, right, And who gets to decide that? Well, currently we have federal banks, world banks, international things that are backed by governments, right, so it's people that get to say based on whatever the hell is based on in relation to like how much how many dollars are in circulation, that's what like inflation.

We did stuff on inflation and all this stuff. Remember we did the thing on inflation and all this stuff, like how many dollars are in in circulation across the world? What can it purchase? Me? Do? Can my government back it? Right? Uh? You know, when we moved away from the goal standard, which meant like there was which again is also something made up to we said that this rock right that comes out the earth is worth these many dollars, you know,

So it was weights you feel me. It was like this rock is worth this, so we knew like this dollar is backed by that rock, right. I don't know why we thought that that was somehow more secure than it just being backed by paper, because who say the rock is worth what? This work? You feel me? The point I don't want to get lost in the weeks here. The point is the regulation of how much dollars are

worth or not worth's contingent on governments and humans. The promise of bitcoin was that it removes the human factor. It's just math. It's that the amount of bitcoin that's in circulation and how much it's worth is based on algebra, meaning there's only it's an equation. There's only so many. So what governs it is not a government or a bank. It's math. This was the promise of it. So if

you remove governments from it and it's just simply math. Right, when you get the amazing computers and you quote unquote air quotes farm bitcoin, Remember there's only so many there, so if there's a finite number, we always know what it's worth. Right. That's the promise of it, which means that and the only way to access to it is

all you need is a cell phone internet connection. So the promise was supposed to be, Yo, this removes corruption, It removes the slings and arrows and the ebbs and throat flows of war, of government, of stock market because it's digital, like it's just it's math. That was the promise of it. The promise of it was that it was completely anonymous because it's digital like you're it's not you know, your your wallet is not like a a paper thing in your pocket. You know, it's not a

bank account that could get hacked per se. Right, that was the idea around the promise of bitcoin. But as we know, save ships different day, y'all. So let me go back to what they were trying to save us from from from a bank, right, remember that dissonance I was talking about earlier. Yeah, okay, so a bank's of hustle, guys, this because okay, uh, it's not the movies. There's not billions of dollars in a vault in a bank. It's not like when I put my twenty dollars into a bank.

It's taking that twenty dollars and putting it in a box that says prop and putting the rest of the tars on there. No, it goes into this pot of a ton of money. That's why when you see things that on the side of that says, remember f D I c ensured up to a certain amount of money, which basically means if this bank runs out of money, which happens, the government will cover up to a hundred

thousand dollars. Now have you've have you've seen the news at some point it's happened in Greece, and it happened here in two thousand and eight when when no money in the bank and all of us, if you had any brand, you was like, how the hell is that possible? If we're putting money in where the hell did it go? If you're charging me eighteen dollars every time I overdraft, nigga, you got money because it's listened. Because it don't work like that, Well, how the hell do it work. It's

a hustle. They're wheeling and dealing you working investments because because listen, that's how investments work. Listen, will you put your money in there? And it says that this this account yields a certain percent of interest. What that means is this, if you just put your money in the mattress it's just sitting there. My own boy says, you want your money to be sweating. You want every dollar to be in there working out. So what what was the bank doing? The bank is taking your money and

it's putting it in investment opportunities. It's saying, okay, man, so look well, if I put this in here, if I put it on there, if I bet on this, if I throw throw some dollars on this, you feel me, then I can guarantee and air quotes guarantee that I'm gonna make you know a little bit of money off this and off this and off that. And then yo, since you've given me this is the bank. You y'all supplying the money for me to be able to go

invest in there. So I'm making dough. So therefore you making dough today talking you know three four interest rates? You know what I'm saying, interests uh accruing on on these bank accounts. But rest asshore they making thirt you know, return on these investments. Off your money to hustle like.

But if that don't work a k a. The housing bubble crashes because you just borrow You just dealing out money for people that you know you can't afford it when all that stuff crashes, ain't no money to back these bets. The money that these banks is using to back these bets is your money. And if they run out, when you stick your card, like I said, you stick your card into that bank account and don't nothing come out? You like, how to hell? Is the money I gave

you not there? Well, lucky for us, a lot of people thought this was wrong. But lucky for us, there's a government who gets to say, Okay, we can't listen. If something go wrong, somebody gotta come in here. It sucks. I can't believe y'all did this. Now that's a great argument. It's like, doc, so you just get to be the banks get to be the spoiled white boy that like if they if any if anything go wrong, their daddy come in there and come save them. Is that is that?

That's what a lot of people are saying, like, nah, fuck them? Why did you get to get bailed out? And the government is like, well they shouldn't, but it's us that but that's our like, that's our money. You heard the phrase too big to fail? Like what they're trying to say is like, yo, if this bank failed, the whole thing. America fails bank, it's great, one of the greatest hustle. Is one of the greatest licks in American history. Yea, because you gotta save us, because if

I lose, we all lose. So good for us in the sense that there was somebody there too, like we said, bail them out. Government bailouts. Now again, you can have your problems with that. But had that not happened, I don't know if we would have the lifestyle we have now. Crypto banks is different. They ain't no government. So what FTX happened was people went over there realizing that like, yo, bitcoin is fluctuating just like the rest of the stocks.

Oh this ship is the same. They're saying, Yo, the value of bitcoin, dick bug is plummeton because let me take my money out before before everything go wrong. So foods rushed the bank and guess what what no money there. So folks was like, nigga, where where my digital money? I you you were supposed to be. You're the biggest you were supposed to be. That's not how crypto were How you not have my money? This crypto said back. But then it was like I ain't got it. Yea,

I was im on it. Though it's not funny, but it's funny. The difference is though ain't no government to bail out, no crypto nigga. That money gone and it's gone. So let me let me give you some specifics about the case if you don't know already. So John Ray is the new CEO. He took over after Sam banquet Fried resigned, who apparently, just like I told you before, he just can't shut up. He just keep talking right,

kept doing interview anyway. John Ray, when he was in his hearing in front of the Senate, they asked him like, hey, what roll you think Bank run Free should play after this? He was like, nigging nothing. That man needs to do. That man's needs to be far away as he can from this thing. Now, why is this so funny to me? Because John Ray is the person that took over in Ron FAM when Ron was collapsed collapsing, they brought in John Ray that that they needed the big dog cuts.

He said, Ray looking around this bug like this is a ship show and bankmen talking about Look, man, I was just too excited, like I was naive. He hit him with it. What had happened? Was I was just too excited about like the possibilities, you know, in hindsight, like, I'm sorry, I should have thought about what could have went wrong, but instead I was excited about what could be. I'm just a positive guy, you know what I'm saying.

But this man facing the charges because wire fraud, uh you know, attempted wire fraud on customers, attempted fraud on investors, commodities frauds, all kinds of other frauds. Just hey, you busted. Cause at this dude Ray talking about. Look they was they was tracking invoices with slack oh like slack nick a billion dollar comfort dog. They said they was doing their books. They was they was running their accounting on quick books, my Nigga quick books online. That's thirty five

dollars a month. You was running this whole company on some quick books, Because like, what what the hell is y'all doing? Listen, I know a hustle. Let me tell you something. I know a hustler. What I see what I know somebody that don't know what the hell they're talking about. You understand what I'm saying. This man ain't know what the hell he was talking about. But listen the point of this whole pot is to tell you that this ship is not new. Let me tell you

what he did. It's real simple. I'm taking your money and I'm spending it on my ship. It's I mean, it is not new because now the particulars of it may be sophisticated because you're using cryptocurrency right as as a bank thing. But then you have this other side of the thing that's supposed to be an investment thing. So when you got money in here, you can say, yo, I'm down there, like help you invest in some other stuff. But that investment firm side of his company was his wallet.

He was just living off that. And it's real simple. When people come ask for their money, he was using somebody else's money to give them that. So you gotta it's real simple. It's you owe your mama five dollars, so you go borrow ten dollars from your auntie. You pay your mama five dollars. You got five now in

your pocket. But then your auntie come back and say, hey, I need my ten dollars back, So you go ask your cousin for fifteen dollars and then you pay your cousin back this so now you owe fifteen, you pay them you got so, and then eventually somebody gonna be like, yo,

I'm done lending you money. Like if everybody come in and say, hey, where my money, They're gonna realize, oh, nigga, you ain't got none because you've been pocketing this extra five Because I noticed, man, you gotta really you've been bringing home the good snacks these days. But your boy

over there living real good off somebody else's money. So that if you get and listen, if you could keep the balls in the air, if you could keep the hustle going, everything cool unless everybody you hustling comes to ask for the money at the same time. Because now I can't borrow from customer A. I can't hustle customer A to giving me investment money so I could pay out the yields to customer BE because Customer A and B is like, yo, I'm ready to pull my money.

But at the heart of the problem was f t X. And then this hedge fund. It's a crypto hedge fund called Alameda Research. Now, if you like me, you might say, prop, what the hell is a hedge fund? I'll be hearing about it on TV and in movies all the time. But what is a hedge fund. It's a hustle. Just just listen, don't worry about it. It's not important for the story. We'll do that for an other thing. Just end of the day. He got this other thing tied

to his first thing. So the biggest problem was that

there's just seemed to be no partition. There was no division between this bank and his heads Fun, which is like, these are technical, these are two different companies, So what the what the case is like, Basically, you would put your money into f t X, you know as just like a regular Joe blow just like, yo, this is my little crypto bank, right, and he would take the money from there and cover his debts in Alameda and pay out the stuff he was supposed to pay out

from you know, uh situations he had promised people inside of his Heads Fund. But as I told you, Crypto was dropping. So since Crypto was dropping, foods was like, yo, I need my money. So what he was doing was taking your money from f t X, putting it in the thick thing, putting it into Alameda, paying out everybody, and then trying to figure out what I could do to put the money back into f t X right before somebody come asked for their money. Man, listen, if

you keep going, ain't a bad hustle. You know. You just gotta keep the You just gotta keep the balls in the air. If you could keep it in the air, you know, and pocket a few dollars here and there. You know what I'm saying, As long as all your deaths get covered, It's like, what's the problem. I mean, listen, it's a hustle. Uh. You know, Once upon a time in the past life, when I was teaching eleventh graders.

It was my first year teaching, like fresh out of college, so I'm like maybe four years older than these kids. But like anyway, it was like eBay time, right. So there was this kid, is eleven grader in my class that was selling like aerosol guns on eBay and I was like, yo, so where do you keep them? He's like, oh, I don't have none of them. I was like what. He goes, no, I just buy him and sell them. And I'm like, where's the where's the gun? Like you

never tell you? He's like, no, I've never I've never even had one. I just find him on even buy him. Then I saw him again I'm like, how so you don't, And at the time I remember it is like, you know, if it was the early end, and that I was like I officially felt old because I was like, I don't understand how are you and he making money? This kid sitting in my class being like I use a computer and I'm like, sure, I don't care, and he's over there making more money than my monthly when I

was making a month as his teacher. At some point, I was like, I don't know why I'm assigning anything to you, but let me tell you something. By time that boy was a senior, he was trading on the German stock market. He was getting up for everybody trading, and I was like, I don't understand why you keep coming to school because you didn't figure this out, Like but it was you just showed me something, and I'm like, that's that's an incredible hustle. You just I just learned something.

Like I said, all hustles ain't bad if you keep it going. You feel me didn't keep it going. But bank Man freed though here in this situation, like Dick, so you're plugging up all these holes. He just he putting his finger in all these holes. But the ship is is sinking because he didn't already spent the money

in the middle of that. He using money from from from a Lamina to I mean this sick paying for like, uh, political campaigns, my man buying real estate because like just swiping his card, but with the money on his card was not his money. It was somebody else's money. But he coold because he liked, don't trip, I get it by Thursday. I get it back. That's how the game work. Don't worry about it, man, We're gonna get these turns. Listen, this is what crypto does. It go up and go down.

Look here a little risk, white boy. You can't talk your way out of this. I need my money. Then basically everybody rolled up like big worm. What's that big perm? I mean big word. I need my money. You either have my weed or my money by tonight or I'm shooting this whole block up. Basically, that's where everybody came and did. They just ran up on it. So he did the only thing you can't do, which is filed bankruptcy.

The problem is though this ain't member f D, I C my nigga, it's eight million dollars missing cause don't nobody know where the hell it is, and since it's cryptocurrency, ain't no way to get it. Don't let nobody tell you no different. It is the same. A hustle is a hustle, just because it got the name crypto in front of it, just because it got E T H at the end of the thing, just because it's say it's some sort of other kind of technology that's the future, nigger,

it's a hustle. You gotta know a hustle when you see one. Now listen, Am I trying to tell you? Is this a Is this a podcast telling you don't get into bitcoin? Absolutely not listen, because, like I said, our current currency is a hustle. The current bank is a hustle. It's the Kindniti dissonance. I'm saying to live with. What you gotta decide though, is what your Plan A, your Plan B, and your plans C is, Because listen,

it's hustlers everywhere. Your little n f T, your little n f T bathe and ape that you've been owned. Now listen, look at if you're in the digital aren't you in the digital? A arright? I ain't got no problem with that? Why is that eight worth of million dollars? Nika? Somebody made that up? Now, granted, why is the modern art painting of ship splashed on the wall, Why is that worth a million dollars? Somebody made that up? That's the art art World's a hustle too. Them numbers is

pumped up. You know how you know how them do is? Did the n f T stuff? You had your homies bid on a bid on a thing to shoot the price up. It's a hustle. Now does that mean that it's not amazing artists in the n f T So absolutely not. It's people really out there that's like, really excited about this new thing. I'm not saying don't do cryptocurrency. It's it's that it might be the future. But listen,

we had a lot of ways to go, y'all. But listen, the more things change, the mode they stay the same. You gotta recognize a lick when you see one. You need to know a hustler when you see one. And let me tell you something. That man is a hustler. He ain't no different. Don't let that crypto bro fool you. A hustle is a hustle. Her politics, y'all, yo yo. This thing right here was recorded by Me Propaganda and

East Low Spoil Heights, Los Angeles, California. This thing was mixed, edited, mastered, and scored by the one and the only matt O Saltski. Y'all check out this fool's music. I mean it's incredible. Executive produced by Sophie Lictorman for Cool Zone Media. Man, and thank you for everybody who continue to tap in with us. Make sure you leaving reviews and five star ratings and sharing it with domies so we could get

this thing pushed up in the algorithm and listen. I just want to remind you these people is not smarter than you. If you understand city living, you understand politics. We'll see you next week.