Tom Bilyeu

every time thinking, okay, I'm going to get it all back on this one.

And then once people start doing that, it is a downward spiral of just epic proportions.

And that's what happens to the human psychology.

When we feel fiscally insecure, everything becomes unhinged gambling, but we do it in formal channels.

So we'll do it in

the stock market.

We'll do it in Pokemon cards.

Pokemon cards is interesting because first of all, I'm so into TCG, but it is, I have a growing hypothesis that the hotter Pokemon cards is as a stand-in for all of those other asset classes that are way out on the risk curve, that it

is initially you think, oh, this is a good sign.

It means that things are really humming in the economy.

But I think it is a very clear sign that people have become so convinced that they're in an only up phenomenon that they'll even go place these huge bets on something as ephemeral as a Pokemon card.

So Pokemon cards have actually started to soften now, but TCG cards in general are still booming, which I think is a sign that we're sort of late stage bubble.

We'll see.

Yes.

If you think specifically about Cambodia and Thailand, this is not going to be something that has any major impact on us.

It's not going to be something that has any major impact on the world.

Neither of them control chip supply or anything like that that we predicate our entire modern economy on.

So you look at China and Taiwan, Japan, like that,

like triangle is that should make everybody uneasy.

First of all, Japan has been responsible effectively for the post financial collapse boom with the yen carry trade.