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Sean Murray: Hello, and welcome
back to deBanked. TV. I'm Sean

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Murray.

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Johny Fernandez: And I'm Johny
Fernandez. Thank you guys so

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much for joining us. We have a
couple of topics to discuss

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today that it's gonna be very
interesting. But first and

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foremost, I want to draw your
attention to my here. Co host,

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Sean, do you see something
different? Something that's

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gonna keep on going for the rest
of the month? Going and growing.

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Sean Murray: Yea okay, you're
talking about my mustache,

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right? It's growing. It's in the
early stages right now. Okay. I

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am participating in a Movember
fundraiser currently as of about

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an hour ago. Okay. To make all
this official. Okay. I am going

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to be growing a mustache for all
of November. We'll see what

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happens. I've never grown one
before. Okay. It's for charity.

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Okay. It's not for style. Yeah.
So if you're looking at me and

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you like, you know, Sean, that
looks absolutely terrible. Yet I

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understand I'm doing this for
for, you know, the public good.

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The public benefit at the end of
the day, I've already put in

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$100.

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Johny Fernandez: Oh, nice.

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Sean Murray: For the fundraiser
you to get started.

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Johny Fernandez: Okay. And then
all the causes will go to?

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Sean Murray: It's like Men's
Health, like prostate cancer,

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you know, testicular cancer, all
the different things that affect

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men, you know, mental health and
all that stuff nowadays. Okay.

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So we actually have a fundraiser
or I have a fundraiser page, I

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can put a link to it online, if
you'd like. Go to my Twitter

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account. And you'll see I've
already posted a link to it. And

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if you'd like to participate in
all this, what's happening here,

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you know, feel free, you can
also grow a mustache yourself.

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If you'd like to Johny, you can
if you want to, today's the

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first day, you can start. You
can start fresh. You're supposed

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to start fresh. So I cheated. I
cheated this.

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Johny Fernandez: I literally
just shaved today. So.

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Sean Murray: We'll do a delayed
a delayed entry. We'll get you

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in on the second. We'll see how
long you can go. Oh, oh. Have

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you ever grown one before?

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Johny Fernandez: No, no, I've
never I my beard just connected

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last year.

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Sean Murray: It just connected?

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Johny Fernandez: Yeah. So I'm
proud about that.

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Sean Murray: All right.

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Johny Fernandez: I'm a little
bit of a late bloomer. That's

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okay. You know, but I'm also old
inside. So, you know.

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Sean Murray: Well, that's a
perfect age then for a stash.

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Johny Fernandez: I love it. All
right, so we'll talk a little

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bit more about that later on.
But let's get to the topics of

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conversation today. We're going
to start off with money, Money

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20/20 about the lockup now we
did talk about this last week,

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our reporter Adam was out over
in Vegas. And he saw this happen

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firsthand. But now we were able
to get a little bit of more

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information regarding the person
that was taken away by the Feds.

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This man has multiple aliases.
And we have posted this story

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online on deBanked.com. So
something one of his alias

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names. Is Morgan shy, she shy?

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I don't know how to pronounce.
Yeah, I've only seen it written.

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And we were able to get a little
bit of more information

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regarding this because of
unsealed documents that, you

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know, the judge was able to
unseal them. But we do know that

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back in 2019, the Wall Street
Journal did name him as one of

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China's top wanted economic
fugitives. And we do know that

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the indictment is only an
accusation of, you know, some of

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the charges. And again, he has,
he's innocent until proven

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guilty. So we do know that this
is the story's gonna continue to

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develop. And this happened over
in Money20/20. We do know that

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at the time when this took
place, that people that were

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working his booth, they, you
know, also went out and the Feds

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were in plain clothes,
everything was very, you know,

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subtle. It wasn't a huge deal.
But you know you had to be

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paying close attention. We do
give thanks to our reporter,

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Adam, for being out there and
really catching this as it went

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on. And it's interesting to
learn more about, you know, this

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person that was taken away by
the Feds. And this has caused a

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lot of conversation. You know, I
know it's had a lot of clicks in

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on deBanked.com. So, Sean, I
mean, this is something that's,

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it's gonna be interesting to see
what happens.

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Sean Murray: Yeah, I mean, I
don't know how much more of a

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story will develop. There was
someone taken away at Money

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20/20, as Johny mentioned, and
at first, we didn't really know

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why, in fact, when we reported
it, we reported that it was an

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encounter, because we looked to
find if there was any type of, I

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guess, criminal action filed,
and we couldn't find any. So we

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didn't reveal the person's name.
And we didn't we didn't say that

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it was an arrest, because we
were 100%. We weren't 100% sure

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what had gone down. I mean, it
was obvious, right? But, but

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there was there was some missing
pieces. So we withheld some

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information. However, at the end
of last week, the judge did

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unseal the indictment. There was
an indictment that had been

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filed months ago, they finally
unsealed it. And it turns out it

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has to do with like a fraudulent
visa. The guy I guess entered

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the country under some type of
allegedly false pretenses, and

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that's why he was apprehended at
Money20/20 I don't know how much

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more we will delve into this
story. But in terms of the type

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of action that happened at
Money20/20, it seemed to run the

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gamut. You know, there was
payments, there was crypto,

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there was networking there was,
you know, rejuvenation of going

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back to in person. And then you
have, you know, the Feds coming

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in and take some someone away.
So it sounded like it was a

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really good time.

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Johny Fernandez: Yeah, it was
definitely some adrenaline rush,

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for sure. Just everything going
on. But yeah, if you're

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interested in seeing that story
you can log on to deBanked.com.

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And there's a link to that
story. All right, so the second

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thing that we're going to talk
about, it's definitely something

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very interesting. Again, we have
this story online. So Square's

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CEO, Jack Dorsey. He talked
about hyperinflation. So Sean,

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let's just start for the people
that don't know what

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hyperinflation means. What does
that mean?

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Sean Murray: Maybe we should
start with what is inflation and

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then work our way up to
hyperinflation.

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Johny Fernandez: Okay, let's
start with that.

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Sean Murray: Well, inflation is
basically the devaluing of

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currency over a period of time.
So $1, today is not worth as

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much as, say, $1 in a couple
years from now. So that's why

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you'll see prices rise over
time, that's inflation, that can

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happen because there's more
money pumped into, you know,

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into the system than before, it
can come as a natural

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consequence of growth. And
inflation. It's something that

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economic, you know, economist
and regulators measure on a

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regular basis, right, they
measure inflation, and

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oftentimes, a little bit of
inflation is considered a good

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thing, it means that there's a
lot of economic activity, and it

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causes prices to rise, there's a
lot of money flowing through.

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And it's a overall positive
thing, if you have just a little

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bit of it, then you get to
hyperinflation, hyperinflation

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is not a good thing, is never a
good thing. It's always bad

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hyperinflation is when the
devaluing of a currency happens

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over a very short period of
time. It's very, very stark.

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There's a lot of different
examples online as to like what

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number constitutes
hyperinflation. Yeah. I don't

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think that really matters for
like, for our purposes, like

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what's, what's the, you know,
what's the benchmark for

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hyperinflation, but you should
consider this example. If you

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bought a cup of coffee today,
and it costs $1. In a

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hyperinflationary environment,
that cup of coffee one month

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from now could cost $50. 50.
It's a lot of money. And then

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the next month, it could cost
$200. Yeah. Right. That's

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hyperinflation, it's when, the
value of the currency has

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basically lost control. And it's
just rapidly losing value. And

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that can be a consequence of
having pumped way too much money

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into the system. And a, and a,
and a loss of faith in the

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currency itself and it's kind of
like a self perpetuating cycle.

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If you think you're in a
hyperinflationary environment,

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you start to react as if you are
in one, like if you raise your

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price from $1, your cup of
coffee from $1 to $50. And then

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you're like, oh, are we still in
hyperinflation? I'm not sure.

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Yeah. So to protect myself, I'm
gonna raise my price next month

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to $200. And people are like,
well, you know, you don't need

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to, you know, everything is
being taken care of, but you're

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trying to protect yourself,
you're like, I don't want to

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take only $100 for a cup of
coffee or $50 for a cup of

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coffee. If this dollar is not
going to be worth as much I'm

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going to protect myself by
raising my price. And so

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everyone's taught to rush to
raise their price, because they

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think the value not gonna be
worth as much as it was before.

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So you know, it's a it's a cycle
that's hard to get out of. And,

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you know, as you mentioned, this
is something that Jack Dorsey,

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he expressed online.

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Johny Fernandez: So let's get to
the tweet. Yeah. He sent out you

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have it why don't you read it to
us.

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Sean Murray: Okay, so it's
weird. Usually, I have some

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notes here. For whatever reason,
all I got here was the tweet.

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This is these are my official
notes. It is literally the

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printed tweet of Jack Dorsey.
Tweeting, this is on October 22.

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So this is about what 10, 11
days ago.

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Johny Fernandez: Give or take.

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Sean Murray: And Jack Dorsey,
CEO of both Square and Twitter,

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said hyperinflation is going to
change everything it's

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happening.

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Johny Fernandez: So what was
interesting is that one of the

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examples that he gave was that a
cup of coffee in 2022 could

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cost.

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Sean Murray: This was my
example. That was my example.

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Johny Fernandez: Well, his
example is, sorry, I misread

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that. So a cup of coffee could
be $200 hyperinflation by 2022.

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Sean Murray: That is an example
of what hyperinflation means

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right? It's good to put that
into perspective. And I used the

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cup of coffee example on
purpose. And that's because

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Square they they operate a point
of sale system for merchants all

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over the country, so they can
actually see the price of a cup

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of coffee moving in real time.
Yeah. So when you have someone

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who has visibility into retail,
and food service activity in

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real time, and he can see that
he can see the prices move, and

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for that person as a chief
executive someone on the world

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stage the national stage? Right?
A very respected person say

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hyperinflation is happening. You
don't say things like that.

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Yeah. If you don't mean it, I
mean, both companies that he

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runs are publicly traded, people
are going to listen to what he's

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said. And put that in the
context of what does this mean

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for the companies that he's in
charge of. And they're going to

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wonder whether or not they
should be worried because

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imagine if a cup of coffee
really did cost $200, and you

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know, like a MetroCard cost
$1,000 For like a swipe. That's

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what we're talking about when
we're talking about

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hyperinflation. So here we have
Jack Dorsey. Going out and

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saying it's happening. In fact,
it wasn't a one off, I thought,

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well, maybe he's making a joke.
And we're all just, you know,

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we're all we're just not privy
to whatever the inside joke was.

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Johny Fernandez: Yeah. But
there's more to the tweet, go

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ahead and read it.

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Sean Murray: He kept tweeting.

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Johny Fernandez: Yeah.

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Sean Murray: And he doubled
down. He wasn't joking about it.

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So somebody replied to him, and
he said that it will happen in

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the US soon. And so the world as
if this is gonna grip every

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everybody, and we're all gonna
go down.

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Johny Fernandez: And then in one
of the tweets, like, a well

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known economist, also kind of
called him out on it saying,

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hey, that's, you know, a very,
that's not a good thing to do to

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like, kind of put these things
out there. And his response was

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just a crying laughing emoji
face.

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Sean Murray: Yeah, he was
laughing at an economist who

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thought that he was, you know.

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Johny Fernandez: Irresponsible.

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Sean Murray: Yeah being
irresponsible.

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Johny Fernandez: Yeah.

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Sean Murray: He just laughed at
the guy.

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Johny Fernandez: So he's pretty
to me, it's he's pretty dead set

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on like.

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Sean Murray: He feel that, you
know, that signals to me that he

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is extremely confident that
first he said, it's happening,

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that sounded almost like present
tense, not like something going

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to happen. But then he said, it
will happen in the US soon. And

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so the world and, you know, if
there was any indication as to

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why this would be happening, it
could be because so much money

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was used as stimulus during
COVID, to prop everything up

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that there was this huge influx
of money. And you may be

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thinking, you know, what, I
didn't, I didn't get any, you

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know what I mean? I didn't, I
didn't get anything, Where's all

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this money go? I mean, they
pumped out literally hundreds of

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billions of dollars, if not
trillions of dollars, they gave

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it out to a variety of different
means, you know, things like PPP

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and EIDL, were just the tip of
the iceberg. You know, everyone

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got basically, some sort of
individual stimulus stimulus to

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their bank account this happened
in other countries too were just

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the US.

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Johny Fernandez: Well, it's
interesting, because we know it,

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because we reported on it that a
lot of people, you know, Fossey

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father application, they got the
money to use it for wrongdoings.

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And you know, the money's still
out, like, at the end of day,

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the money was still used,
whether it was used correctly or

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incorrectly, but it kept the
economy going here.

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Sean Murray: Yeah, and you can
just see it, you can just see

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the money. The influx of money
through the the valuation of the

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stock market is at an all time
high. It's like no matter what

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happened, no matter what just
happened, we're still at an all

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time high every single day,
we've we've pretty much broke a

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new record. In the stock market.
You have the crypto market

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surging, multi trillion dollar
market.

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Johny Fernandez: Versus when
crypto first started then, like

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people were like, it's not
something real it's you know.

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Sean Murray: Yeah. And then all
sudden.

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Johny Fernandez: Now, you know,
we see that it's, it's a

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legitimate currency in some
countries, it's something that

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billionaires millionaires have
put a bunch of money in, and

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they believe in it.

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Sean Murray: Yeah.

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Johny Fernandez: So it's
definitely interesting.

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Sean Murray: And then you have
you have things like memes to

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actual people just throwing
1000s or 10s of 1000s of dollars

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into meme stocks. Because you
know, it's funny, they'll just

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drop 10s of 1000s into a stock
because it's funny, but you

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know, for the for the lols or
the lools or whatever. And all

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the hacker hacker yeah, exactly.
Hacker culture. We'll call it

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the lools.

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Johny Fernandez: Thanks.

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Sean Murray: Yep. Learn, you
know, you learn something new

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every day here on the deBanked
TV show. And yeah, if you go to

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Wall Street bets, you'll see
people will brag about how much

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money they've thrown at stocks
and how much money they've lost.

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And you just wonder, where did
you know? Where's all this

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coming from? It doesn't make any
sense to me. Yeah. You have you

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have a job market where people
are leaving the job market,

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refusing not to work, I guess,
because they have so much money,

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they don't need to work anymore.
Like, it seems like there's a

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lot of money sloshing around and
probably too much. And that has

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probably has something to do
with what Jack Dorsey is talking

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about.

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Johny Fernandez: And we do know
that things. I mean, I can see I

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can tell you firsthand, going to
the supermarket. I know that red

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meat is at an all time high.

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Sean Murray: That's true. Yeah.

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Johny Fernandez: You buy
groceries that I was able to

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budget out a certain amount and
now I.

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Sean Murray: I know because when
you go to the supermarket, it's

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usually at the top of your
grocery list, right? Like red

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meat.

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Johny Fernandez: Yeah, it used
to be now it's like number four

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if I could afford it, because.

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Sean Murray: Inflation.

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Johny Fernandez: That's
literally what it is, now like a

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pound is almsot $20.

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Sean Murray: Really?

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00:14:48.580 --> 00:14:53.770
Johny Fernandez: Read meat yeah,
filet. I like good red meat.

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Sean Murray: But imagine in a
year from now what if it was

296
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like 100 times the price?

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Johny Fernandez: I'd be a
vegetarian.

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Sean Murray: If you could afford
vegetables.

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Johny Fernandez: But it's
definitely gonna be interesting

300
00:15:04.810 --> 00:15:10.000
to see how this plays out.
Because we're kind of living it.

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I mean things are high. Like
everything gas, you know meat,

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groceries, no one wants to work
but yet they have money in the

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bank. It's.

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00:15:22.180 --> 00:15:24.880
Sean Murray: Sound it sounds
like a recipe for definitely

305
00:15:24.880 --> 00:15:28.690
some type of adverse economic
event, Jack Dorsey thinks

306
00:15:28.720 --> 00:15:32.350
hyperinflation is happening.
He's not a fringed lunatic. It's

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that's a phrase I used on
LinkedIn. I literally said, This

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00:15:35.170 --> 00:15:36.340
guy's not a fringed lunatic.

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Johny Fernandez: No, he's
talking.

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00:15:37.930 --> 00:15:40.420
Sean Murray: Yeah, he's a very,
very smart guy. He runs two very

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successful very large companies,
and he has access to main street

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level retail level pricing data.
And he can watch prices change

313
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in real time. So for him to say
hyperinflation, I would be if I

314
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was, you know, this is why we're
talking about it. Because tt

315
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wasn't just some weird thing. We
heard on Twitter from a

316
00:16:00.940 --> 00:16:03.430
conspiracy theorist. Yeah, we
heard it from Jack Dorsey.

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Johny Fernandez: Yeah, well. How
this plays out. I mean, would I

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00:16:07.780 --> 00:16:09.760
be surprised? No.

319
00:16:09.970 --> 00:16:11.890
Sean Murray: But what would you
do all the cash that you have

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00:16:11.890 --> 00:16:12.700
would be worth nothing.

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Johny Fernandez: I don't know.

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Sean Murray: You know that's
what happened in in El Salvador.

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Why do you think they switched
to Bitcoin?

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00:16:17.860 --> 00:16:19.060
Johny Fernandez: As a sort of.

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Sean Murray: You don't have to
worry about inflation anymore.

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00:16:20.680 --> 00:16:22.490
Johny Fernandez: I'll start,
I'll start investing in Bitcoin.

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00:16:23.840 --> 00:16:25.850
Sean Murray: Maybe you should.
You know what, you know what,

328
00:16:25.850 --> 00:16:30.170
though? That's the other angle
to what Jack Dorsey is doing

329
00:16:30.170 --> 00:16:33.410
here, potentially doing here.
Because he had a very invested

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interest in the success of
crypto, because a very

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significant percentage of his
company's revenue comes from

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crypto transactions, mainly via
like the cash app. Yeah. So he

333
00:16:45.170 --> 00:16:47.660
definitely wants to see he
definitely would benefit from

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some theory in the market, by
people transacting in crypto,

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00:16:51.800 --> 00:16:55.220
thereby boosting his company's
Square. Hello, Jack Rondi. We

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see you know what you're doing.
Right, potentially. We're still

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worried, though. But, you know,
that could be one of the

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incentives he has for using that
type of language, where his own

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00:17:05.240 --> 00:17:07.850
investors, if they're
significant might be like, you

340
00:17:07.850 --> 00:17:10.700
know, it's irresponsible. But if
more people do crypto

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transactions, cause of that
statement, and it boosts sales,

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well, then hey, we're better
off.

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Johny Fernandez: Yeah, oh man.
So what would you do? If your

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coffee costs you two $300?

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Sean Murray: Well, I would be
getting out of cash, US dollars

346
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immediately, it would probably
be getting out before it got to

347
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that point. And if he's saying
the world, he's kind of

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suggesting that you can't just
go from a US currency into

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another one. You can't just go
from $1 to the euro, or

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00:17:36.810 --> 00:17:41.100
whatever. He's planting the
seed, that crypto will be the

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00:17:41.100 --> 00:17:45.450
only currency immune to
hyperinflation by saying the

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00:17:45.450 --> 00:17:49.500
world, you're basically saying
you can't just get out of

353
00:17:49.500 --> 00:17:52.440
dollars and go to another
country's currency if they're

354
00:17:52.440 --> 00:17:56.550
all experiencing the same thing
at the same time. Yeah. So if it

355
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were me, I guess at that time, I
would say, you know, what do I

356
00:17:59.550 --> 00:18:02.640
do? I'd probably put I probably
would put significant amount in

357
00:18:02.640 --> 00:18:04.140
crypto, not all of it. But.

358
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Johny Fernandez: Yeah, a good
amount of it. I guess when it

359
00:18:07.980 --> 00:18:10.140
happens, we'll see what we do.

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Sean Murray: We'll see what you
do. I know what I'll do. I don't

361
00:18:15.670 --> 00:18:17.890
want to be a broadcast. I'll
just be busy putting all my

362
00:18:17.890 --> 00:18:18.820
money into Bitcoin.

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00:18:20.890 --> 00:18:23.650
Johny Fernandez: We'll see, I
don't even know. I'm not even it

364
00:18:23.650 --> 00:18:26.020
sounds like I have faith in
this, I don't know, I don't know

365
00:18:26.020 --> 00:18:26.680
what's gonna happen.

366
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Sean Murray: We'll see.

367
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We'll see. Alright, so we have a
couple more topics to discuss.

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Lending Club, there was an
article written online about

369
00:18:35.470 --> 00:18:37.240
Lending Club. Let's talk a
little bit about that.

370
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Yeah, so Lending Club is doing
quite well.

371
00:18:41.470 --> 00:18:43.510
Johny Fernandez: They are, go
ahead.

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00:18:43.810 --> 00:18:46.210
Sean Murray: Okay. Go you had
some you had some information

373
00:18:46.210 --> 00:18:46.720
you want to share?

374
00:18:46.720 --> 00:18:47.110
Johny Fernandez: Sure.

375
00:18:47.140 --> 00:18:47.410
Sean Murray: Okay.

376
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Johny Fernandez: So we know that
it's at this point recorded, it

377
00:18:50.074 --> 00:18:53.585
reported its highest evaluation.
And we know that obviously, it

378
00:18:53.641 --> 00:18:56.873
started from peer to peer
lending, then they switched over

379
00:18:56.929 --> 00:19:00.440
to kind of away from that. I do
have a couple questions for you

380
00:19:00.495 --> 00:19:04.006
about this. But we're gonna go
ahead and do your spiel on that.

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And I'll ask you the questions.

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Sean Murray: All right. Yeah. I
mean, it's, it's at it's highest

383
00:19:07.880 --> 00:19:12.560
level of evaluation since early
2016. So more than five years

384
00:19:12.560 --> 00:19:16.160
have gone by, and what has it
taken for Lending Club to regain

385
00:19:16.160 --> 00:19:19.640
its footing, and start to
restore some of it's former

386
00:19:19.640 --> 00:19:22.700
glory, becoming a bank. And
their whole mission from the

387
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very beginning was about
disrupting banks where you know,

388
00:19:24.680 --> 00:19:27.440
there we're a technology
company, we're going to

389
00:19:27.440 --> 00:19:30.470
democratize finance and make it
more efficient, etc. And the

390
00:19:30.470 --> 00:19:33.800
market was like, yeah, this is
what I'm talking about. It's all

391
00:19:33.800 --> 00:19:38.150
about tech. And they, they go
out and they have an IPO and

392
00:19:38.150 --> 00:19:40.310
it's very successful. And then
in the years that follow, the

393
00:19:40.310 --> 00:19:44.270
stock just slumped. And now it's
at its highest level in more

394
00:19:44.270 --> 00:19:47.840
than five years. It's on a major
upswing, and the company last

395
00:19:47.840 --> 00:19:50.600
quarter had a pretty significant
profit as a bank.

396
00:19:51.800 --> 00:19:53.330
Johny Fernandez: It 27 point 2
million.

397
00:19:53.600 --> 00:19:54.860
Sean Murray: Yes, that sounds
about right.

398
00:19:54.890 --> 00:19:57.950
Johny Fernandez: Yeah. So I have
two questions for you about

399
00:19:57.950 --> 00:20:01.610
that. The first one is, do you
think other companies similar to

400
00:20:01.610 --> 00:20:02.570
Lending Club will follow?

401
00:20:03.770 --> 00:20:06.230
Sean Murray: Well, other
companies are following. They're

402
00:20:06.230 --> 00:20:11.000
not the only FinTech company to
become a bank lately. But

403
00:20:11.270 --> 00:20:14.840
they're basically proving the
case. They're proving you know,

404
00:20:14.840 --> 00:20:17.690
the argument that becoming a
bank is a good thing. Because

405
00:20:17.690 --> 00:20:21.410
their lending volume is strong.
They're profitable now. They

406
00:20:21.410 --> 00:20:23.960
don't have all this regulatory
uncertainty anymore. They're

407
00:20:23.960 --> 00:20:26.750
just a bank. Yeah. Right. So
they're regulated like a bank,

408
00:20:26.750 --> 00:20:29.420
they do bank things, but they
have all the advantage of all

409
00:20:29.420 --> 00:20:31.790
the technology that they that
they built from the beginning.

410
00:20:31.790 --> 00:20:34.820
So I think other players will
look to follow what Lending Club

411
00:20:34.820 --> 00:20:35.120
did.

412
00:20:35.450 --> 00:20:37.730
Johny Fernandez: So we've talked
about the cycle, how everything

413
00:20:37.730 --> 00:20:40.280
pretty much that people think is
new or is innovative, that's

414
00:20:40.280 --> 00:20:43.490
really been done before and it
just will repeat itself. Do you

415
00:20:43.490 --> 00:20:48.140
think that peer to peer lending,
like, you know, disrupting the

416
00:20:48.140 --> 00:20:52.490
bank, etc. Do you think that's
gonna go away? Because

417
00:20:52.490 --> 00:20:55.820
everyone's kind of turning back
and wanting to be a bank now?

418
00:20:55.930 --> 00:20:57.970
Sean Murray: Yeah. Well, peer to
peer lending is already gone

419
00:20:58.210 --> 00:20:58.450
but.

420
00:20:58.450 --> 00:20:59.740
Johny Fernandez: Do you think
there's a chance that it will

421
00:20:59.740 --> 00:21:02.260
come back, well, as people will
leave the bank, like, I'm going

422
00:21:02.260 --> 00:21:05.770
to do peer to peer lending. And
it just be a circle, like, what

423
00:21:05.770 --> 00:21:09.070
are your thoughts on it now,
especially after 2020, where

424
00:21:09.430 --> 00:21:12.430
some companies stocks went down,
everything went down other

425
00:21:12.490 --> 00:21:17.470
companies like, hit like an all
time high? So what's, what's the

426
00:21:17.470 --> 00:21:18.280
read right now?

427
00:21:18.610 --> 00:21:21.070
Sean Murray: I think that will
definitely happen. I think we

428
00:21:21.070 --> 00:21:24.490
will just repeat the cycle. We
are currently working on a story

429
00:21:24.490 --> 00:21:27.250
right now that involves a peer
to peer lender, a crowd, a

430
00:21:27.250 --> 00:21:31.690
crowdfunding lender. And their
whole take is that it's new and

431
00:21:31.690 --> 00:21:36.850
beneficial to the business or
you know, the borrower. And I'm

432
00:21:36.850 --> 00:21:40.030
like, really peer to peer
lending crowdfunding, how

433
00:21:40.030 --> 00:21:45.070
unique. But I think it just goes
to show that you go through a

434
00:21:45.070 --> 00:21:47.620
whole cycle, and it just starts
up all over again. So I feel

435
00:21:47.620 --> 00:21:49.780
like peer to peer lending will
probably come back.

436
00:21:50.710 --> 00:21:51.670
How many years do you give it?

437
00:21:52.690 --> 00:21:53.860
Probably just a few.

438
00:21:54.190 --> 00:21:54.550
Johny Fernandez: Okay.

439
00:21:55.140 --> 00:21:57.180
Sean Murray: Maybe like two or
three? To be honest with you.

440
00:21:57.210 --> 00:22:00.000
Yeah. I think I think once
you've exhausted the entire

441
00:22:00.000 --> 00:22:03.180
cycle, people need new, you
know, they need to come up with

442
00:22:03.180 --> 00:22:06.360
a new revolution. Yeah. And when
all the FinTech companies became

443
00:22:06.360 --> 00:22:09.060
banks, people are gonna say,
well, we need to come up with

444
00:22:09.060 --> 00:22:11.520
something, you know, that makes
things more efficient. I have

445
00:22:11.520 --> 00:22:14.070
this great idea that no one's
doing and they're going to

446
00:22:14.070 --> 00:22:16.620
reinvent, they're going to
reinvent something that we've

447
00:22:16.620 --> 00:22:19.860
already all done. And it's going
to be super popular. We're going

448
00:22:19.860 --> 00:22:21.990
to act like it's never happened
before. That's what will happen.

449
00:22:21.990 --> 00:22:22.530
I guarantee it.

450
00:22:22.560 --> 00:22:27.510
Johny Fernandez: Yeah.
Definitely. For sure. Alright,

451
00:22:27.510 --> 00:22:32.550
so two other topics that we're
gonna talk about email list. Do

452
00:22:32.550 --> 00:22:34.710
you buy or do you not buy it and
why?

453
00:22:36.000 --> 00:22:39.180
Sean Murray: Okay, I mean, do I
buy an email list? Or not buy an

454
00:22:39.180 --> 00:22:42.540
email list? Are we talking about
for like for means of marketing?

455
00:22:42.540 --> 00:22:43.470
Or what's the content?

456
00:22:43.470 --> 00:22:45.750
Johny Fernandez: For means of
marketing as a business. You

457
00:22:45.750 --> 00:22:48.990
know, someone in this space.
Would you buy it? Or would you

458
00:22:48.990 --> 00:22:50.400
not buy it? And why?

459
00:22:52.130 --> 00:22:54.440
Sean Murray: Well, I don't have
to answer hypothetically, we

460
00:22:54.440 --> 00:22:57.560
have personally never bought an
email list. So I think I could I

461
00:22:57.560 --> 00:23:00.800
could say for myself, that I
would not buy one because I

462
00:23:00.800 --> 00:23:06.830
haven't ever bought one. I think
the reason is partially due to

463
00:23:06.830 --> 00:23:12.620
the fact that these subscribers
may not know who you are, and

464
00:23:12.620 --> 00:23:15.950
feel like they're getting
communications from you,

465
00:23:15.950 --> 00:23:19.580
unsolicited. I get a bunch of
emails every single day,

466
00:23:19.610 --> 00:23:23.930
hundreds, probably of
unsolicited email. If I don't

467
00:23:23.930 --> 00:23:28.340
recognize who they are, I
oftentimes will delete it,

468
00:23:28.460 --> 00:23:31.970
unsubscribe, mark it as spam.
Sometimes if I'm in a bad mood,

469
00:23:31.970 --> 00:23:35.900
I'll report it. Right? Like,
because I'm like, please, who

470
00:23:35.900 --> 00:23:38.150
are you? And why are you
emailing me? I can't get to my

471
00:23:38.180 --> 00:23:41.450
inbox. We have people like you
who want to hear back from me.

472
00:23:41.450 --> 00:23:43.490
And if I don't get back to you,
because of all these random is

473
00:23:43.490 --> 00:23:46.100
all this random email spam, it's
really, really aggravating.

474
00:23:46.100 --> 00:23:49.820
Yeah. So we have not bought an
email list. We do send out

475
00:23:49.820 --> 00:23:54.170
emails to people and we may send
out quite a few. But these are

476
00:23:54.170 --> 00:23:57.890
people who have subscribed to
deBanked they put their email

477
00:23:58.280 --> 00:24:01.430
into our system. They can opt
out of it if they want to. They

478
00:24:01.430 --> 00:24:04.220
can unsubscribe, but I
personally would not would not

479
00:24:04.220 --> 00:24:04.940
buy a list.

480
00:24:05.110 --> 00:24:08.560
Johny Fernandez: Okay, that's
good to know. All right, so

481
00:24:08.560 --> 00:24:13.450
we're gonna wrap it up with this
NFTs. Last week, we mentioned

482
00:24:13.450 --> 00:24:18.190
that there's going to be a
raffle going on this week, the

483
00:24:18.190 --> 00:24:20.860
raffle's still going on. We're
gonna announce the winner.

484
00:24:21.520 --> 00:24:22.120
Sean Murray: Today?

485
00:24:22.210 --> 00:24:22.720
Johny Fernandez: Not today.

486
00:24:22.750 --> 00:24:23.260
Sean Murray: Oh okay.

487
00:24:23.530 --> 00:24:25.720
Johny Fernandez: But we need
people to sign up.

488
00:24:26.560 --> 00:24:30.940
Sean Murray: All right. Listen
up people. We're doing an NFT

489
00:24:30.940 --> 00:24:34.780
giveaway. So far. We have a
resounding I'm gonna tell

490
00:24:34.780 --> 00:24:38.050
everyone the amount of people
that have applied. How many

491
00:24:38.050 --> 00:24:39.640
people are in the raffle so far?

492
00:24:45.120 --> 00:24:51.210
Zero, not a single person has
entered our NFT giveaway raffle,

493
00:24:51.660 --> 00:24:56.460
zero people. We went we went
through all this effort to

494
00:24:56.460 --> 00:25:01.230
create these amazing NFTs and so
far no one has entered. If it's

495
00:25:01.230 --> 00:25:04.110
because it's confusing, and
you're not sure what to do,

496
00:25:04.200 --> 00:25:07.740
we'll help you with it. If you
if you just hate the idea, you

497
00:25:07.740 --> 00:25:11.700
can tell us that too. Hey, at
this point, the good news about

498
00:25:11.700 --> 00:25:16.320
the NFT giveaway raffle is that
if you enter, you will probably

499
00:25:16.320 --> 00:25:21.060
win, you will probably win, you
will get a free NFT just by

500
00:25:21.060 --> 00:25:24.900
entering at this point. So
that's how we're doing so far.

501
00:25:24.900 --> 00:25:29.280
If you want to win a free NFT,
courtesy of deBanked a legit

502
00:25:29.490 --> 00:25:35.880
image on the blockchain an
original, all you have to do is

503
00:25:36.030 --> 00:25:39.510
share our content and comment on
a certain post. All the

504
00:25:39.510 --> 00:25:42.570
instructions are on social
media. And guess what, if you

505
00:25:42.570 --> 00:25:46.200
enter, you'll probably win.
That's how it's going.

506
00:25:46.320 --> 00:25:49.080
Johny Fernandez: You're gonna
want to win. You have no

507
00:25:49.080 --> 00:25:52.410
competition as of yet. That may
change if people start signing

508
00:25:52.410 --> 00:25:52.660
Johny Fernandez: No.

509
00:25:52.350 --> 00:25:54.030
Sean Murray: I don't want to
give them away to myself.

510
00:25:54.030 --> 00:25:54.550
up.

511
00:25:54.550 --> 00:25:55.510
Sean Murray: That wouldn't be
fun.

512
00:25:55.540 --> 00:25:56.350
Johny Fernandez: You know how I
feel.

513
00:25:56.410 --> 00:25:58.240
Sean Murray: I don't want to
give them away to charity.

514
00:25:58.330 --> 00:25:59.740
Johny Fernandez: True, you can
give it away to me.

515
00:25:59.950 --> 00:26:02.230
Sean Murray: I'll give him you
don't even have a crypto wallet.

516
00:26:02.890 --> 00:26:07.030
But maybe, but maybe this is why
we have no entrance.

517
00:26:07.060 --> 00:26:09.610
Johny Fernandez: Because people
don't really know how to how it

518
00:26:09.610 --> 00:26:14.140
works. If it ever gets delivered
to your house, which it doesn't.

519
00:26:14.740 --> 00:26:15.820
So I think it's.

520
00:26:16.050 --> 00:26:19.110
Sean Murray: If you need help
with receiving an NFT we'll help

521
00:26:19.110 --> 00:26:23.640
you all you need is a MetMask
account. It's really easy. You

522
00:26:23.640 --> 00:26:27.000
just type in MetaMask.io, it'll
install a browser extension,

523
00:26:27.240 --> 00:26:30.990
it'll set you up with a with a,
a private and public key. You

524
00:26:30.990 --> 00:26:33.480
have an Ethereum address. That's
all you need is an Ethereum

525
00:26:33.480 --> 00:26:34.050
address.

526
00:26:34.170 --> 00:26:34.770
Johny Fernandez: Program.

527
00:26:35.250 --> 00:26:38.100
Sean Murray: No, not a program
just an Ethereum address, if you

528
00:26:38.100 --> 00:26:42.030
have an Ethereum address, you
can receive NFT's. That's all it

529
00:26:42.030 --> 00:26:45.720
is. If you need help, we'll be
glad to help you. I would hate

530
00:26:45.720 --> 00:26:49.590
to see a contest end in no
winner, that would be so

531
00:26:49.590 --> 00:26:52.680
disappointing. That would be
that would be the first time

532
00:26:52.680 --> 00:26:55.230
this has ever happened. And you
know what? I would be sad.

533
00:26:55.290 --> 00:26:57.450
Johny Fernandez: Yeah, it's all
right. I'll give you some

534
00:26:57.450 --> 00:26:58.680
tissues. I'll be sad too.

535
00:26:58.810 --> 00:27:01.330
Sean Murray: We'll just cry.
We'll just ,Johny and I will try

536
00:27:01.330 --> 00:27:03.760
to announce the winner. And we
realized there's nothing there's

537
00:27:03.760 --> 00:27:06.820
nothing in the hat. And we'll
just do this. And then we're

538
00:27:06.820 --> 00:27:11.290
just gonna cry on camera and say
nobody won.

539
00:27:11.320 --> 00:27:13.240
Johny Fernandez: Nobody won,
it's all right. But anyways, if

540
00:27:13.240 --> 00:27:16.360
you want to sign up, please do
sign up.

541
00:27:17.200 --> 00:27:18.700
Sean Murray: You know, some
things just don't work.

542
00:27:18.790 --> 00:27:19.480
Johny Fernandez: Yeah, well.

543
00:27:19.480 --> 00:27:22.420
Some things just don't work. But
if you do want a free deBanked

544
00:27:22.420 --> 00:27:24.100
NFT, please enter.

545
00:27:24.100 --> 00:27:29.730
Please do. And if you do want to
go to another deBanked event,

546
00:27:30.330 --> 00:27:33.060
Broker Fair, that's coming up in
a couple of weeks, if you

547
00:27:33.060 --> 00:27:36.000
haven't signed up, there's still
some space for you to sign up

548
00:27:36.000 --> 00:27:39.990
some tickets left. So please do
that. December sixth, if you

549
00:27:39.990 --> 00:27:42.690
want more information, you can
go on deBanked.com, you check

550
00:27:42.690 --> 00:27:45.570
out our social media platforms
that will guide you to the

551
00:27:45.570 --> 00:27:49.620
website brokerfair.org. Like I
said, we have our list of

552
00:27:49.620 --> 00:27:50.730
speakers up already.

553
00:27:51.270 --> 00:27:52.500
Sean Murray: Not all of them,
we're still adding more.

554
00:27:52.560 --> 00:27:55.006
Johny Fernandez: Were still
adding more, but the list is up

555
00:27:55.064 --> 00:27:58.675
the information regarding the
venue, the procedures to get in,

556
00:27:58.733 --> 00:28:02.286
you know, the vaccination, all
that stuff that is online. And

557
00:28:02.344 --> 00:28:06.072
then also our sponsorships, they
are sold out. But it's going to

558
00:28:06.130 --> 00:28:09.391
be an exciting event, we also
have a pre show event that

559
00:28:09.450 --> 00:28:12.886
that's also get me something you
you're going to be able to

560
00:28:12.944 --> 00:28:16.380
attend but that is a separate
ticket, a separate price from

561
00:28:16.439 --> 00:28:19.933
the actual event. So if you want
information on that, that's

562
00:28:19.991 --> 00:28:22.962
great. Please log on to
brokerfair.com or deBanked,

563
00:28:23.020 --> 00:28:26.747
brokerfair.org or deBanked.com,
for more details regarding that,

564
00:28:26.806 --> 00:28:30.417
and something that we've been
saying, and we've been seeing it

565
00:28:30.475 --> 00:28:33.911
time and time again, is that in
person events, they are the

566
00:28:33.969 --> 00:28:37.347
place to meet other people, to
network to really grow your

567
00:28:37.406 --> 00:28:40.900
network, grow your business,
especially if you're new to the

568
00:28:40.958 --> 00:28:44.569
industry. The last time we put
on an event similar to this was

569
00:28:44.628 --> 00:28:48.239
back in 2019. This is it's been
two different year. It's crazy

570
00:28:48.297 --> 00:28:51.908
years that have gone by and you
know, now it's time to kind of

571
00:28:51.966 --> 00:28:55.402
hit the ground running. And
that's pretty much my spiel for

572
00:28:55.461 --> 00:28:56.160
Broker Fair.

573
00:28:57.119 --> 00:28:59.070
Sean Murray: Yeah. So hope to
see you there.

574
00:28:59.070 --> 00:29:02.407
Johny Fernandez: Yeah and you
get to hang out with us. That's

575
00:29:02.483 --> 00:29:07.109
great, too. I mean, who doesn't
want to hang out with us? So,

576
00:29:07.185 --> 00:29:09.840
from New York, I'm Johny Fernandez.

577
00:29:09.840 --> 00:29:10.590
Sean Murray: I'm Sean Murray.

578
00:29:10.590 --> 00:29:12.000
Johny Fernandez: And we'll see
you guys next time. Have a good one.