It’s As Good As Money
Summary
➡ The city is undergoing many infrastructural changes for an upcoming race including the construction of viewing stations and temporary bridges, which has caused a dramatic drop in hotel room prices and altered city dynamics. Increasing theft is being noted globally, high property prices are being driven up by billionaires in Florida, and Ryan Reynolds is thriving in business with successful investments in Aviation Gin and Mint Mobile.
➡ The video highlights the frenzied 24-hour construction work in Vegas for an upcoming Formula One race, costing millions for temporary setups, and encourages viewers to share their thoughts, attend the race, and interact with the content.
Transcript
Hey, it’s Dan. Welcome back. You’re watching I allegedly and it’s got a good one for you today because, guys, it’s as good as money, sir. Trust me, it’s good. We have a lot to cover. I’m in Las Vegas right now and had a meeting in regards to some streaming stuff we’re working on and want to show you guys how this town, which is a complete mess right now is progressing for the Grand Prix and going to walk out from the Paris Hotel to the Strip and show you guys all of this.
Please don’t forget to like, please don’t forget to subscribe to the channel today. We have a sponsor, Patriot Gold. I’ll talk about them a little later. But that’s the Las Vegas strip. Look at the temporary grandstands that they have set up all over the place. And first things first, I want to talk to you guys about something that’s absolutely insane. With the FTX trial, the defense, Sam Bankman Fried’s defense attorneys are starting to put forth jury instructions for the jury because the case is progressing along one of their jury instructions that they wanted to submit.
I want you to think about this. Was that just because the money was taken out of the account and they showed a balance in the account, doesn’t mean these people didn’t have access to it. Now, I want you to think about this. This company was a complete sham. This company took money out of Alameda sister company, brother company, whatever, to hide its crypto losses. And so what it did was borrowed from you and me and people that had money there.
I didn’t have any money there, but you know what I mean? Those people that had their money in those accounts were fleeced and it was used to pay people off during that time. Now think about this. The prosecution, they came up with the most brilliant argument, which is fantastic. They used the example of the movie Dumb and Dumber. Remember Jim Carrey and god, what’s his name? I can’t think of his name right now.
But the two characters, Lloyd Christmas and Harry Dunn, were the two idiots in the movie. And remember, they find a suitcase full of money, so they’re going to return it. They drive across country to return it. The only problem was the money was used for ransom, okay? So by the time they get it to the people that they were supposed to give it to, jeff Daniels, by the way, okay? By the time they give it to the people that they’re supposed to turn it over to that owns the suitcase, it was filled with IOUs.
It was filled with paper. And they open it and they go, what the hell is this? Sir, that’s as good as money. That’s an IOU. Look, this one, don’t lose that one. That one’s for a $1,000. So it was completely preposterous. Sam Bankman Fried, his attorney is using that argument just because you don’t have access to the money doesn’t mean it’s not there. I want you to think about this.
You have a ledger that shows money in an account, okay? Think about this. You have $100,000 in your account. Well, it doesn’t mean it’s not there just because you can’t withdraw it. It’s there. We just happen to use it for something else. The insanity of that is absolute lunacy. Okay? So again, it makes no sense. Zero credibility. And this guy faces seven major felony accounts. But think about this before I go out to the music and walk out to the street, think about this.
Right? Now, this guy bought a $35 million house with people’s funds he donated to politically, to his political party of choice that he wanted to see get elected, okay? And spent, what, $40 million on it. You guys can correct me on that. And you guys have said you don’t want to talk about that? No, it’s ridiculous, okay? This guy fleeced and squandered this money. And again, I’ll tell you a great story.
I know someone that I work with that’s a brilliant businessman that had his money in FTX. And he hired a firm to go through all his crypto holdings to see what was safe and what wasn’t safe. And they had a terrible feeling out of FTX. And he pulled his money out of FTX one month before the place went out of business. So trust me, what they did was they paid him off, but they stole somebody else’s money to give my guy his money.
Does that make sense? Because the money wasn’t there, okay? They didn’t have an actual crypto fund. So share your thoughts on this. I’m going to show you more of what’s going on with Vegas and with the Formula One race, but share your thoughts on this. And isn’t this funny because this guy should go to jail forever. Okay? Let me know what you think. Now, as you walk out to Las Vegas Boulevard, look at the grandstands that they built.
Those are all temporary. And look at how backed up the traffic is in the crowd. It’s awful. Just a complete disaster with all this construction. Now, when you look across the street, look at the temporary structures that they built. These are basically corporate suites to watch the race with seats in front of them, like premium seats at a ball game. Unbelievable. So I’m right in front of the Bellagio.
The fountains are blocked. You can’t see it. There is a ton of people out here. Traffic is absolute chaos out here. But look at this, guys. Look at these places. All these corporate places, all these meeting rooms, all these party rooms. This is going to be right where people can watch the race. Now, here’s the wild thing about this. People think, oh, Dan, I’m going to stand right where you’re at and I’m going to watch this race.
No. They’re going to erect a ten foot fence here. You’re not going to be able to stand here at all and see anything. Okay? So this is going to be insane. This town as far as the traffic is completely screwed up. It is the worst I’ve ever seen it. Ever. And they built think about this. They built temporary bridges that you can drive on that go over things.
They built temporary bridges to walk around places. It’s Unbelievable. But to see the expense that they’re going to for the Formula One. It is unbelievable, guys. It’s absolutely unbelievable. Let me show you more too. I love stories like this. It looks like the auto companies overestimated the demand for EV cars. Okay? I’m out in front of the horseshoe trying not to get ran over. Really? Okay. Well, why is that? You know, just a few months ago, ford had doubled production on its F 150 Lightning.
But this last week, the end of the week, they just dropped one production run and one shift. So they’re cutting back. GM has problems with it. GM doesn’t know if it’s going to survive. GM has cut. We talked about this earlier in the week about how GM cut production for its EV cars. Okay. Well, why Dan? Why is that? Okay? Because, number one, they’re too expensive and they overestimated that everybody would want this stuff.
People I talk to now are furious right now that they bought these things, that they spend all this money, that their time is wasted sitting there charging, trying to find time to go charge. You know what? You need to spend the time trying to make some dora me right now. And people are out trying to figure out, hey, where do I got an extra 40 minutes to charge the car? Okay? Like some junkie looking for their next high.
It’s kind of bad to compare to that. Anyways. The other thing that’s funny is it’s not funny but it’s just sign of the times. Tesla had its worst week ever. And the stock is down 15%. A whopping 15%. That’s the Cromwell Hotel. We’re going to go back to Coval because I got to show you guys what they’re building on Coval. And there’s a smaller casino back here that I got invited to.
Somebody. Hey, come by here. Take a look at this place and have dinner with us. Okay? But the roads were closed. So just complete chaos. Complete chaos in the city. So needless to say, Tesla’s off. Why? Think about this. They kept lowering the price of that car to get through this time, and it didn’t. You know, you can make things free if nobody’s going to buy it. Or if you’re losing money, there’s a problem.
Okay? Goldman Sachs just lowers its expectations on the real estate industry. Well, that’s kind of different. Remember? It was going to go up exponentially. We’re going to see 6% growth in real estate. No, we’re not. We’re not going to see anything like that. In fact, they’re saying that housing prices are going to drop 4%. We’ve already seen that in some areas. Now please understand this. You have areas in real estate that have not dropped yet.
I get it. The idiots across the street from my house, somebody just paid $45,000 above asking price for a house. Okay, good luck, man. Good luck. Got to get in. Got to get in. You’re going to see interest rates well above 8%. You haven’t seen anything yet. Nothing yet. Right now? Now, this is crazy. Okay? As I walk down this street, they built a temporary bridge because the race track is going to go underneath it, okay? They’ve built a stadium.
They built everything. I was out here a month ago, and I’m thinking, they’re never going to get this done. I feel a little better right now. Remember, I took the video of The Sphere, and, man, this is crazy. It’s just absolutely crazy. This town is completely upside down. I spoke to different people selling tickets, and they said, listen, the price has dropped dramatically. Like, for players, like people that have play slots and play gambling and sports betting and things like that, the requirements to get free stuff for the race has dropped substantially.
The price of hotel rooms around the entire city has dropped substantially. But when you see all those different bleachers and everything that they’re building, man, oh, man, it’s insane. It is unbelievable, the expense that they’ve gone to already for this. So share your thoughts on this. I’m at a street. I’m behind the link. The Link Hotel is right there. The sphere is here. I’m going to show it to you during the day.
I’m on Flamingo right now, guys. Okay, but there’s The Sphere during the day. Where is the sphere during the day? There it is back there. Okay, so still, you got jellyfish, swimming. You got all that stuff. It’s pretty amazing. But I want to show you guys what they did. And I don’t know how far I can go this way. I may have to walk around, but I want to show you all the construction that they’re doing because it’s unbelievable.
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88833 00:14 31 it’s no obligation. Just go get a free investor guide. Do it now before it’s too late, guys, let them know that Dan From, I allegedly sent you. Now I’m in front of the Weston Hotel on Flamingo. Look at this. They are building a temporary bridge for traffic that goes over the racetrack. So think about this. What does that cost, guys, look at that. Look at that.
So absolutely insane. Okay, just unbelievable. Guys, a couple of things with the economy that’s crazy, by the way. This is that bridge. We’re going to walk by it. They’re building a temporary traffic bridge. Isn’t that crazy? What would that cost? So for a race, guys, this is the backside of one of the viewing places, okay? And again, we were here a month ago. It looks totally different. And they are working 24 hours a day on these things right now.
Now, the budget deficit for the government, think about this. They thought it was going to be $2 trillion. We have great news. It was only $1. 7 trillion, but it was up 23% from last year. Okay? Now, Janet Yellen, who’s, you must be hitting the cooking sherry. Our economy is resilient. Everything is great. Everything is fantastic. Okay? Ten year treasury bonds hit the highest level in almost 17 years at over 5%.
You’re going to see the affordability of houses be nonexistent soon, because you’re going to see I’ve had people say, look out for 1011 percent mortgage rates. That’s going to be crazy. I’m sorry for the noise, guys, that we’re experiencing here, but look at this race is going to come through here, and this is over the race. That’s traffic. So that traffic down Flamingo can keep going, but they’re building a temporary that’s a bridge to go over that.
So I wanted you guys to see this, okay? For those of you that know where I’m at, this is Ellis Island. That’s kind of a boutique hotel brewery, just kind of there. It’s kind of a cool place to eat. But these are the viewing, some of the viewing stations. Look at this. Okay, I’ll get a better shot of this. But corporate spots where people can buy a spot to watch the race because they’re going to be ripping down this street, okay? So share your thoughts on this stuff, guys.
But this street is completely closed right now. They’ve got cops out here. And isn’t that wild, though, to see this? Okay. This is coval. Closed, guys. Closed. I could lay down on Coville if I wanted to, but look at that. Isn’t that wild, guys? Okay, let me get you a better shot of this thing. Isn’t that wild? So three story viewing of the race, and they’ve got all the cops are watching everything.
Isn’t that wild, though? But again, we saw this, a skeleton, a month ago, and they got all the I’ll tell you how fast they’re working. Yesterday we were here, we were like, oh, my gosh, look at how much they got done. They got the entire railing done on the first floor today in basically 15 hours. They did that around the whole area. So pretty cool. But is anybody going to come see this race? Are you guys going to come see the formula one race? And again, here’s one of the temporary bridges they’re building right there.
Isn’t that wild? Absolutely wild. So share your thoughts and all this stuff so far. Just wanted to do a quick video today to show you guys this, but this is coval, and it’s closed. Okay? U turn. And I spoke with people that worked at ellis island. They said it’s awful. This is the worst thing ever to this city because you want to go to work. Well, you’re not going to work.
You’re going to be here an hour late. You can’t drive in because the road’s closed. Okay? So think about this. Look at the temporary structures that they’re building here. Isn’t this wild? The city for one race. One race. Now, talking to the workers, they explained this to me. They didn’t want to go on camera, but this is some of the corporate suites, basically many hotel rooms. You’re going to have restrooms there.
You’re going to have food. You’re going to have everything. But you’re going to have three levels to be able to watch the race over this long, straight away. Man, oh, man, am I happy to be off the beaten path and the strip, but I’m going to end this video with these last few stories for you, steven out of the UK. I always love everything you send me. And here’s a great story about how shoplifting in the UK.
Is up 25% theft from retail stores for large items, small items. People are just broke and they’re stealing, and they’re not getting prosecuted for it. What do you know? Billionaires in florida are driving up the average price of a beach house. Think about this $14 million, talking about overpaying for something. Imagine you could overpay $14 million. The idiot that paid 45 grand more for the house. Okay, you get a billion dollars.
The movie dumb money was great because it just showed how pretentious these people are and how they’re smarter than all of us. But you’re going to pay $14 million more for beachfront property in florida because you can. Okay, enjoy anheuser bush. Wow, they’re doing great. They just got caught offering $150,000,000 in incentives to have people unload bud light because no one wants it. You know, you can’t get away at, you know, it’s completely so final.
Final thing. The actor ryan reynolds. Ryan reynolds is a pretty brilliant businessman. It’s a great article below about his investments. Aviation gin. They sold, I believe it was two years ago for $600 million. They made a $450,000,000 profit on that. But he also just sold Mint Mobile, which is crazy. Mint Mobile. And he says his thing is he wants to get into essentials. I don’t think gin is essential, but getting a deal on Mint Mobile mint Mobile is a cheap carrier.
And I believe that they teamed up with Verizon. You guys can correct me if I’m wrong on that one. But again, he says, I’m not an expert at investing. A lot of people smarter than me. But this guy, they anticipate that he’s made $450,000,000 as well. So nice gig if you can get it. Seems like a nice guy. Okay, anyways, please don’t forget to hit the like button.
Please don’t forget to subscribe to the channel. And I just wanted to show you guys something crazy with this quick little video about how insane Vegas is right now with this construction. I spoke to some of the workers. They’re working 24 hours a day right now, and they cannot get enough hours in the day to get this done. And they are spending millions of dollars on things that are going to be taken down after the race is done.
Wow. Who’s buying these tickets? Okay, are you going to be here for Formula One? Let me know. Don’t forget to, like, subscribe, share your thoughts on everything. Email me at hello@iallegedly. com. And I will see you guys very soon if I don’t get hit by a car. Okay, see you soon. .
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