#2370 - Dave Smith

Bullish:

• $STREAMING - Streaming services are gaining popularity among younger audiences, replacing traditional cable TV with platforms like Netflix and Paramount+.

  • “Most kids don't have cable anymore. Most kids just get a Netflix account or a Paramount account, and you get all the great shows, Plus. You get all the superhero movies.”

    Joe·1:47:10
• $MARIJUANA - Potential regulatory changes, including rescheduling marijuana from Schedule I to Schedule III, could significantly benefit the marijuana industry, particularly for legal American businesses and organic marijuana production.

  • “Trump might declassify it and take it from a schedule one to a schedule three, which would change everything and open there was an article about the economics of it because they were talking about these businesses, how they're taxed, and how, you know, federally, they're still operating like criminals.”

    Joe·2:42:07

  • “You would at the very least, you would empower American businesses to do it legally Yeah. And normally and, you know, have organic marijuana”

    Joe·2:43:04

Bearish:

• $MEDIA - Traditional corporate media is losing relevance among younger generations, who are not engaging with conventional news channels like MSNBC or Fox News.

  • “Now the young generation is totally outside of the corporate media model. I mean, they're just not even listening. It's not like a do they Right. Do they watch MSNBC or Fox News? No. Neither.”

    Dave·46:28
• $USD - The current monetary system, enabled by central banks, leads to continuous inflation that disproportionately affects the working and middle classes, potentially weakening the US dollar.

  • “You can't be a world empire without having a central bank that can print money for you because otherwise it just doesn't work. Resources are finite and you'll run out of them. And so you can't do that without having this monetary system, but the cost of this monetary system is that prices always go up and up and up and up and that rigs the entire economy against the working class and the middle class in favor of the rich.”

    Dave·34:29