Timcast IRL · June 2, 2021 · 2h 0m

Timcast IRL #299- US Food Infrastructure HACKED, Meat Shortages Worsen, Economy In CHAOS w/Matt Kohrs

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Episode Recap

Timcast IRL episode 299, recorded on June 2, 2021, opened with Tim Pool and co-hosts discussing a major cyber attack on JBS, the world's largest meat processor, which forced the shutdown of all its U.S. beef plants. The attack was attributed to Russia, with the White House expressing concern about potential meat shortages. Tim noted that meat prices had already been skyrocketing, and this attack would worsen the situation. The conversation then shifted to broader economic concerns, including Joe Biden's massive spending and money printing, with economists warning the dollar was on the verge of collapse. Tim referenced a Washington Post report about a house selling for a million dollars over asking price, indicating wealthy people panicking to get out of the dollar. The episode featured financial YouTuber Matt Kohrs, who discussed the AMC stock phenomenon, which had surged from under $5 months earlier to dramatic highs, similar to the GameStop situation from earlier in 2021. The hosts described these as Black Swan events and discussed the concept of a digital Occupy Wall Street where retail investors were collectively driving up stock prices to squeeze hedge funds. Tim promoted the Timcast membership platform, noting that co-host Matt Brain had provided exclusive information about audits in Arizona and New Hampshire that couldn't be discussed on YouTube due to censorship concerns.

TL;DR

  • →JBS, the world's largest meat processor, was hit by a cyber attack attributed to Russia, forcing the shutdown of all U.S. beef plants supplying nearly 25% of America's beef
  • →Tim Pool and co-hosts discussed economic chaos including meat shortages, skyrocketing prices, and concerns about dollar collapse due to Biden's spending
  • →Financial YouTuber Matt Kohrs joined to discuss AMC stock, which had surged from under $5 to dramatic highs in a matter of weeks, echoing the GameStop phenomenon
  • →The hosts discussed people becoming millionaires through stocks and cryptocurrency, describing it as a form of class warfare against wealthy elites
  • →Tim highlighted YouTube censorship concerns and directed viewers to Timcast.com for exclusive content about Arizona and New Hampshire audits
  • →Joe Biden's money printing and a house selling $1 million over asking price were cited as signs of people fleeing the dollar

Key Moments

  • 0:00
    Opening and Infrastructure Attack
    Tim opens discussing Russia attacking critical infrastructure and the upcoming meat shortage
  • 6:31
    JBS Cyber Attack Story
    Breaking news about JBS hack forcing closure of U.S. beef plants and wiping out nearly 25% of beef supply
  • 12:04
    Matt Kohrs Joins
    Financial YouTuber Matt Kohrs is introduced and begins discussing AMC stock surge
  • 25:00
    Meme Stock Discussion
    In-depth analysis of AMC, GameStop, and the phenomenon of retail investors squeezing hedge funds
  • 30:00
    Economy and Inflation
    Discussion of Biden's spending, dollar collapse concerns, and real estate panic
  • 45:00
    Class Warfare Discussion
    Tim and Matt discuss the wealth redistribution happening through stock manipulation

Notable Quotes

“Our critical infrastructure is being attacked. And now we're hearing the White House is scared there's going to be a meat shortage, which is funny because there already is. The prices of meat has already skyrocketed.”

— Tim Pool · opening discussion about infrastructure attacks

“People have become millionaires by buying fake money. And people are now interestingly engaging in what we would refer to as kind of like an Occupy 2.0, a digital Occupy Wall Street, where people are sticking it to the hedge funds.”

— Tim Pool · main discussion about stock market phenomenon

“These are Black Swan events back to back. Like, this is statistically more rare than just lightning striking over and over again. I think it's a new kind of conflict, some kind of warfare.”

— Matt Kohrs · guest perspective on market events

“The economy is doing better than ever. And at the same time, Joe Biden's printing trillions. Economists are warning the dollars on the verge of collapse.”

— Tim Pool · critique of mainstream economic narrative

“We're not allowed to say what he said on YouTube. No joke. It's a bannable offense. We were like, oh, wow, that's interesting. And YouTube is like, we'll ban you if you dare talk about it.”

— Tim Pool · closing discussion about platform censorship

Mentioned

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