00:23:06 · John Coogan, Jordi Hays
[00:23:06] S0: this for couple of years then. Yeah. Yeah. This is The New York Times wakes up. New York Times wakes up to what's going on with the with the geopolitical spying. [00:23:16] S2: No. But there was articles about this [00:23:18] S0: Last year. [00:23:19] S2: Last year. [00:23:19] S0: No. I know. [00:23:19] S2: Like, so that... That's why that's [00:23:21] S0: But this why is like a big one. I mean, if you look at the New York Times text... [00:23:24] S2: The revelation... Re the revelation... Maggie [00:23:26] S0: Haberman, Anna Swanson. It's like they brought out their a team, six people, seven people on this on this byline. Like, it's a big deal. Yeah. Were there any other call outs that were driving conversations? I mean, already read the Ryan Mac screenshot, I believe. But it is never, never more important to be careful around mega speed CEOs, I suppose. Yeah. Odd. Funny funny name for a company. [00:24:00] S2: Anyway. Yeah. Should we go down the rabbit hole? [00:24:04] S0: Yes. We should. Let's see. Simulated markets. The simulation hypothesis. So this... I went down this rabbit hole a couple days ago because you got served this video too on Instagram. Right? [00:24:16] S2: You exact same feed. [00:24:18] S0: For some reason, doesn't show us any ads and sends us the exact same videos at the same time. I mean, this is just the nature of, like, things that go viral. Everyone sees them. But let's go... No. [00:24:29] S2: But we specifically are sending posts back and forth all day. [00:24:32] S0: So it's like you guys like the same thing. [00:24:33] S2: Yeah.
00:24:33 · Jordi Hays, John Coogan
[00:24:33] S2: Yeah. [00:24:33] S0: So there's this video. [00:24:35] S2: Yeah. We have the... We'll we'll each send the same video [00:24:38] S0: Yeah. [00:24:39] S2: To each other. [00:24:39] S0: And I'm just like like we're just like Scroll up. [00:24:42] S2: Up. Everyone will send the the night. [00:24:44] S0: Everyone sends the same video. There's... Two reels [00:24:48] S2: passing in the night. [00:24:49] S0: That has the the the the title losing our house because Really? Day Really, Tyler? What happened? [00:24:58] S2: I had to take it off. [00:25:00] S0: Oh, took Wow. [00:25:03] S2: Oh, to take it off. I'm sitting here in the capital of show business Yeah. And you got a little bit uncomfortable with with with your character. [00:25:11] S0: Have that backlink behind you over your shoulder. He looks like a little angel on your shoulder. I like the way it's framed right [00:25:16] S2: now. [00:25:17] S0: It's great. Let me tell you about Console. Console builds AI agents that automate 70% of IT, HR, and finance support, giving employees instant resolution for access requests and password resets. So this this video came up and it says losing our house because of day trader. Did you notice this? Not because of day trading, but because of day trader. So already odd grammatical error, but play this video because it's designed to sort of rage bait you and go go viral. And it has this saxophone getting louder song. And it's the whole family. This would normally be a tragedy. Like, you're losing your family home. But [00:26:03] S2: Yeah. Really
00:26:03 · Jordi Hays, John Coogan
[00:26:03] S2: Yeah. Really [00:26:03] S0: dark. It's super dark, and you're like, this is awful. Like, what is going on? But if you dig into this person's if you dig into this person's account, the next video is like is like, I lost my house day trading and, like, here's how I'm planning to win it all back. And then it's like, click my link in bio. And then you click on the link in bio and it's like, here's my trader mat... Trading mastermind. I have a free course. And then I have a $49 course. And then I have a $100 course. And so all of this is actually a funnel to an info product. And this is designed to go viral. And I don't know if they lost the house or not. Like, I I I have no idea. It could be that they're doing better than ever because they're not actually trading at all. [00:26:48] S2: Very, very counterintuitive way to market an info product being like, I just lost my house because I was bad at something. Now follow me as I run it back up. [00:27:01] S0: Maybe. It's [00:27:02] S2: weird. But... It's it's it's... Again, it's like it's... I saw it and it made me very sad.
00:27:02 · Jordi Hays, John Coogan, Luke Igel
[00:27:02] S2: weird. But... It's it's it's... Again, it's like it's... I saw it and it made me very sad. [00:27:07] S0: Yeah. Totally. Like, that is the correct emotional response, but the nature of the algorithm and negativity bias on social media is this is something that you see and you're like, oh, this is horrific. I can't look away. And then a lot of... There's just a funnel. And some people click and they watch another video. And they're like, oh, this is this is inspiring. She's she's working her way back up. And they're they're they're staying in the game. They're they're not they're not, you know, hanging up their jersey, I guess, or whatever you wanna [00:27:35] S2: They're not quitting right before they hit it big. [00:27:36] S0: Basically, that's the pitch. And, yeah, it's really, really dark. So so I I I started going down this because I was like, okay. [00:27:47] S2: Who's on the [00:27:47] S0: side [00:27:48] S3: of It's the interesting because [00:27:49] S2: it just like, it it it sticks in your mind because it is such a tragic scenario. Totally. But then what's interesting is they're just like spinning it as, oh, yeah. Well, it's all good. We're... I'm sticking... I'm... Yeah. I'm not... We're not giving up yet. Yeah.
00:28:05 · John Coogan, Jordi Hays
[00:28:05] S0: Yeah. So it's very, very odd. But there's actually something very interesting going on because when you see that, you think casino style gambling, you think that somebody took their capital if they have their nest egg, their kid's college fund. Like, when I was a kid, like, the the don't gamble meme was he gambled away his kid's college fund. Like, that was the most degenerate thing you could do as a father. Would be gambling away money that was in your retirement, money that was saved, your nest egg, your rainy day fund was gambled away usually at a physical casino because you couldn't resist the temptation of blackjack or poker or slots or something. Then we came to the era of the phone, and all of a sudden, it became sports betting, offshore betting casinos, crypto casinos. People were losing money on crypto. But, again, crypto is a moment where you have to put capital at risk. Like, you have to have the nest egg. This is different. This is people that are... So there are people that are getting fleeced and losing money, but what's interesting is that it's not that they're taking a nest egg and putting it in a stock that then goes down and they pick the wrong stock. That's not exactly what's happening. Oftentimes, what they're doing is they're signing up for subscriptions to trade fake stocks. It's a simulated market that gives them the the feeling of, okay, maybe one day they will be able to get good enough at day trading that they will have access to capital. [00:29:37] S2: Well, and these platforms pitch it as do your simulated trading with us.
00:29:37 · Jordi Hays, John Coogan
[00:29:37] S2: Well, and these platforms pitch it as do your simulated trading with us. [00:29:42] S0: Yes. [00:29:42] S2: And if you're good, then we will give you then we will stake you and we'll give you capital that you can trade. We'll basically turn you into a mini hedge fund. [00:29:51] S0: Yes, exactly. Exactly. [00:29:53] S2: And we did a little research on these companies and they're shockingly large. [00:29:59] S0: And there's lot of them.