Nvidia's Is Redefining Assets, Iran's New Strategy Approaching The War, & Mamdani Takes On Amazon

Key Takeaway

Audit your exposure to any trend you cannot clearly explain. Today, list your investments, retirement funds, and major financial dependencies; identify how much is concentrated in AI-linked stocks or funds; then decide on a personal limit for concentration and a buffer of liquid, lower-risk assets. The goal is not to predict an AI crash—it is to avoid being forced into bad decisions if a crowded bet turns volatile. Build optionality before you need it.

Episode Overview

Tom Bilyeu examines Nvidia’s proposed AI-infrastructure financing partnerships, arguing that rapid AI buildout may create hidden debt and asset-depreciation risks even if AI remains transformational. The discussion also covers Google’s reported clinical-AI results, the tradeoffs of Amazon’s contractor model, regulation, housing, and the importance of broad prosperity and public safety.

Full Transcript

Transcript of Nvidia's Is Redefining Assets, Iran's New Strategy Approaching The War, & Mamdani Takes On Amazon from Impact Theory. Auto-generated from episode audio; may contain minor errors.

iPad? We are live. Okay, is that true? We really straight forward on air? If we we will be able to get confirmation that we live, this That would be great. Look at this. OK. Unfortunately, I don't I see nothing in this. for my part, so I I will trust. Kind regards We invite everyone to Much Believer Tom live broadcast Bilyeu Show. Uh, okay, Sorry about that, guys. I don't know if it was Russia, I don't know if it's was Iran, I don't know if it was AI because I I am going to speak.

sharply about each of them today, but this crazy day. We already pretty good started. I am grateful. to you guys for that you have overcome the technical difficulties, and now we Let's get down to business. Jensen Huang offers a new package initiatives regarding AI funding, stimulus package, sorry, that's even more fuels fears that AI debt is unstable cyclical chaos. We we are going delve into this question. It is reported that Trump has to act like James Bond to avoid attempts, because Iran is trying destroy it, and, maybe like them destroyed Archat.

Of course, I'm kidding, but nevertheless, Mamdani says he wants to do things more accessible, and then attacks Amazon for they hold too low prices. This is all outrage. down. We are going to go into details. IN DSA news, my favorite news, they admit that illegal immigrants are part of their seizure plan power, and Tracy Rosenthal teaches method approved by DSA, thefts from landlords. We let's hear it from her in your own words. A man with several criminal records, technically not condemned, he waited to court. He had monitor for ankles, it was removed .

In any case, he is being released, he slaughters an innocent a person to death only in a few hours after being released under collateral. And Google just created an LLM doctor, which surpasses doctors-people in working with real patients, even with patients who actually oppose this process. Actually quite fascinating. So, as for AI, so today we have It's a strange world. financing for with the help of AI, which we we are going to go into detail to reveal, but we have there are also incredible news about breakthroughs, which are happening.

I saw when we first came out in the broadcast that people put on question about how the world will look like in in the future where AI will bring this world abundance. Who will actually win? Will they win? ordinary people, is that it? will be only for asset owners? AND this is actually will be reduced to division while in reality the world looks like abundance? We let's consider all this, but first I want to to talk about what actually happened in world of financing AI, with Jensen Huang from Nvidia at the helm.

From my point of view, AI funding just continues to become more and more crazy. AI industry literally behaves as if its value will grow forever, and we have another one impressive scheme financing. And this is not that it be straight from the Enron collection or something like that. It not ideas that haven't been before were investigated. It huge volume everything that is involved in this one bet. Exactly this should worry everyone because historical trends indicate about what we, we will probably survive very unstable a period when many investors will be destroyed.

And AI became incredible system rate, where everyone who wants growth, all asset owners, all people playing the game purchase of shares, which, on unfortunately, in the economic the system we have now, you are essentially forced to do if you want to win because saving money– this is the path to ruin, so people are forced make these bets. But the problem is that this really begins to worry from a point view of how much debt has accumulated and how is he accumulates. So let's take a look details of what happening with Nvidia.

This is quite clever. the idea they have. If you really knew that it cannot break down, it's great way to attract dollars into the system, new dollars because they continue build. Problem is the question, which should occur in to everyone: is it really this is a phenomenon that occurs only upwards? AND I would say that considering that such never before in the history of mankind is not was, we shouldn't believe that AI will first. So, Nvidia announced the partnership with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR for the creation of what she calls platforms financing calculations.

Now we Let's look at why this idea of ​​transformation him on computational the platform becomes important. It psychological aspect for people with whom they build these partnerships, because these guys are used to of a certain type investments, to which AI doesn't look right now as such investments. So I guess Jensen Juan, in fact, conducts PR- campaign so that people perceived investments under construction AI infrastructure as much more a usual thing. So now The goal is to attract more over 500 billion dollars of a third party capital for AI infrastructure.

The idea that this external capital, which it does not come from Nvidia, will be important part of this history. So simple keep this question in a certain place now. Now, regarding of what was nominated, all news generated around something that technically is just a memorandum about mutual understanding. And if you guys... Do you know the memorandums? about mutual understanding from the war in Iran, it's not necessarily means, what are these things will continue. There is much more. ways in which it may fall apart, but if they will take place, this the structure will allow Nvidia to attract new debts to the world construction of centers data processing, offering what is is essentially partial insurance up to 25% any agreement from loss of value Nvidia's own chips.

So they say, "Hey, we know that people a little tense about investing in these data centers, because people like Tom, they shout from the rooftops: "Hey, wait." Wait a second, guys. Amortization schedule these chips may not to respond to what people write in accounting books" . And therefore there can be this danger, which is approaching a wider economy, based on the fact that I have to say, we have a certain schedule, according to what are these chips will decrease in value. And if Michael Berry right, and these numbers overpriced, then you you can invest in something that is actually will undermine the system that we are much more unprofitable than you you think.

So, what we are now considering, —this is, in fact, an attempt Jensen Huang to convince us all, that this is not true. Therefore, this new, um, plan, I I meant to say, scheme, but that sounds a bit negatively. This plan will attract another one avalanche of external money in the game infrastructure artificial intelligence. This is undoubtedly will benefit Nvidia. So Nvidia, hmm, very actively campaigning for this idea, but keep in mind mean that this is what will benefit Nvidia. So, as it should have been to expect.

Proposed the structure will allow get this money so that they did not stay on Nvidia's balance sheet. It a big part of it. What does it look like on paper? I think that this hides the growing risk, which, hey, can pay off. Stock the market is all about risk and reward. So, if people read correctly, and I am the one who is too much. paranoid, maybe on this will be earned simply incredible amounts of money. But this also exquisite financing, namely so we ended up in problem of 2008.

AND so I and others commentators we are trying to show all the different places where eventually hides this debt. So, these are two competing ideas. Now, in simple language, all this means that artificial development intelligence has become too expensive for companies that make this is to finance all from my own cash flow. AND this is about Google, dude. Google for the first time with the moment of entry into lost the stock market cash flow. It It was a long time ago. Therefore, you have these "actions" "cows" that are simply they are pumping out all these money.

Even they don't can keep up with amount of money, necessary for creation of these artificial brains. AND If you are thinking about data centers as for artificial brains, you are much closer you will come to that actually is happening. Therefore, given this, Nvidia, a company that sells equipment, necessary for the creation of these brains, now helps to arrange loans, to be able to continue build more processing centers data so that people continued to want to buy theirs products. And they offer to cover 25% losses if the equipment will be worse, it will cost less than people predict.

So, if Michael Berry right, and the graph depreciation actually is a lie, I don't think so, that he wouldn't agreed with this, uh, statement. If people are right, and this a delusion, and they more expensive than they say, that is, they are faster are out of order and their need to be replaced more often then Nvidia says: "Listen, we we will cover 25% of this differences, because we are so "We believe this." "Factory artificial intelligence, according to Jensen Huang, this is productive infrastructure. Therefore, computational Nvidia architecture, this indeed, accepted all over the world.

She works in every big cloud service. So theirs equipment can be to redeploy when The client is leaving. Besides, CUDA, software Nvidia software, proved that it can improve performance with sometimes even on the installed chips, which serves for extension of term services. So, Jensen, hmm, also indicates that that A100, hmm, it was presented in 2020 year, still used in commercial purposes 6 years later. And the annual rent H100 increased from approximately 1.70 dollars per hour graphic works processor in October 2025 year to approximately 2.35 dollar in March 2026 year.

Okay, you start to fold all these facts together, and Jensen believes that in it is quite significant arguments in favor of why it would be smart investing more more money in data centers with artificial intelligence that working on their architecture. What am I? I will say, this is what is in some time this financing ends. We…" already have to to become more and more creative, everything more intelligent, to offer such things like insurance from a fall in value. Um, and all this money calculated on the fact that we can overcome this income gap, which are coming not fast enough, isn't that right?

So, if just look at this, income is increasing, in there is no doubt about it, but it is growing not fast enough, to overcome that fact which is becoming increasingly difficult and it is harder to attract these money. And I think that one of the indicators, to which people need to pay attention, deciding, How much money do you have? to allocate to investment in AI, and you, probably much more vulnerable than you realize. One of things you need need to pay attention, where is this from others will take over money?

For example, in a certain moment in your life the money will run out. Just more money there will be no time to go and take. Now he lists the list the largest long-term investors. Now, according to logic Huang, investing to these processing centers data is more like investing in something, which starts the rental fees than on investing in something, that quickly depreciates. Not Yes? This was significant part counter-narrative, which resisted AI. Those investors who are now looking for Jensen Huang from this new one structure, understand long-term rental payments.

They don't understand how depreciates equipment. You you will see that people supposedly entering dead end, taking it as incomprehension widget depreciation. I don't think widgets —this is correct way of thinking about AI, but understanding them like an artificial brain, built into these giant objects, which, in my opinion, will eventually provide something that is better to understand as intelligence as a commodity. So, as electricity, data centers eventually will be commercialized, they will provide intelligence to a whole range various things, smart blenders, smart refrigerators, to AI doctors, about whom we will talk later.

Now, if Jensen Juan can to prove convincingly, that these actions of the centers Nvidia data processing keep their cost, then he really can attract more capital at a rate of AI. Remember that this all people, they should receive return for their investors. And therefore everyone is looking for this the story of the eternal growth. They have it. necessary. narrative. Them need something that can you believe it? Them need somewhere invest your money. I tried to convey to show that's on now there are actually two different types of thinkers who moving forward.

One of them will be right, other catastrophically will be wrong. It is very difficult now. understand who is who. But on the one hand, artificial intelligence is most technological progress of all times. We have never seen Nothing of the kind. It is obvious that he will essentially become the basis everything that moves forward. I don't think so. they are wrong in this. Hmm, I think so. they are wrong in because it will be a phenomenon , which leads only upwards. That we will not encounter problems debt service before it arrives sufficient amount income.

I'm not saying that ultimately the income is not will arrive. I just I say that the burden of debt will become a problem before as it arrives income. Historically, this caused large-scale economic shock. So the question is because when the whole the world is betting on US stock market, then...Stock market The US is essentially completely based on artificial intelligence. What will happen if we we will face debt problem? And whether we need it now to contact pension funds, investment funds who are used to invest in these things that have long-term stability, and they may not pay the highest dividends, but they pays steadily over time?

Or AI structures data, infrastructure processing centers data, whether it corresponds Is this really it? All this is the way that Juan suitable for this question, raises accusations of circular financing. Therefore, they mean, what if Nvidia invests to the company or spends money on companies, and they they know they are going use this money, to turn around and invest in Nvidia, it how not to bring something new from outside. You, in fact, twice take into account your income. And people built all these diagrams that show that all these companies invest one to one and use these dollars for reinforcement business opportunities each of these companies .

So if something goes wrong no, it will be simple catastrophically. It will be...potentially catastrophic for the entire industry. Need to pay tribute Huang, he wrote this is an essay that essentially directly concerning this question. And he says: " Listen, capital, which one are we talking about now we say, it comes from these consortia. It does not come from Nvidia. So, on your diagrams where you show that this cyclical financing, I I'm talking about creating incentive structures, which would legitimately involved external funds for AI. Each institution will guarantee its own agreements.

So, if you pension fund and want to invest in one of these centers data processing, you you will be him guarantee. Of course, Nvidia can to provide protection residual value, if you want, up to 25% off given opportunity for everyone specific project, but it is limited and lower than others financing schemes calculations. So there is also other people who take take greater risks . This is not one of them." Now, I want to be To be honest, it's not quite absurd position, and so it all comes down to to the extent that, to the extent that in your opinion, systemic the risk accumulates and accumulates in system.

There are many disputes about whether whether Jensen is right or not, but if I had to reveal the essence argument, this would look like something like this: demand at Frontier Labs, enterprises and sovereign states that use AI, incredibly real. That's right. The largest the battle that will unfold, even if you think about it about this only from the point of view view of the weapon system, will be for AI. When you think about what this is medicine, we more details let's consider this later. It, definitely AI.

The victories we have already seen with AI in his in a modern form, already extraordinary. I I think they already are. will change the world, even if not will continue improve, but there is the probability that they will continue improve. Therefore, external capital, who takes on real risk losses, structurally differs from supplier who lends to his customers price shopping. And in this specific example He is right. Vivek Arya from Bank of America claims that the burden lies on consortium, not on Nvidia's balance sheet. OK, this is the main part affairs.

It's about that these guys attracted new money. And what you should to understand about what Nvidia is doing about this, it's simple quality assurance assets, not the debt. OK? Therefore, each previous one industrial construction in stories financed external money. Cool. So we just we say that the same, like everyone else used external money for construction of these things, precisely in this This action is. « Again, mile marker, is happening much more than just this deal. This the agreement separately may Don't make me nervous. but if you add it to lots of others unstable things, you will encounter some questions.

Now, if I was going to put I would doubt all of this. started when actually will be 25% paid, which offered by Nvidia. OK? If Nvidia is only to blame this insurance money, this my words, but if Nvidia is only to blame for these insurance money when used graphics processors cost less than it was predicted, then, when the demand for artificial intelligence slows down when rental rates fall or when Nvidia releases a faster chip, these are the same conditions that harm their own Nvidia's revenues. OK?

So if Nvidia is to blame only this money when she is most not in able to pay, you have now the problem. Ago that the circumstance itself, which would lead to that they are 25% to blame, actually very makes it difficult for them payment of this 25%. It means that the obligation is increasing just when the company that made it supports, the weakest. So you will move in wrong direction. OK? AND that's what..." no one said that does not speak. Therefore, Jensen Huang did not answered this question.

Nobody knows where they are this 25%. Nvidia did not disclose, Who absorbs first? dollar of losses. Until there will be no contracts public, these 25% actually not guarantee, or, of course, we are from outside we can't understand this as a guarantee. It can be the least promised dollars that they have. So, the data about the rent prove what they are for they are used. So people who they come and say, that all this will work, no necessarily make a comparison one to another. Therefore, rent shows you which demand today.

So, saying that prices have grown, you have I mean, yes, today the demand is still there are. However, resale, possibility resell these chips, shows you what the creditor actually will be able to charge in case default. And these are two completely different things. AND Amazon is cutting schedules depreciation of their servers that contradicts the argument Huang about durability. So, when you look at Amazon, you see, "Oh, someone says, "Yes, "We, probably too much stretched them, and we really need to begin to assume that we will have to replace these chips rather".

"And since these terms are not coincide, big ones arise question about pension and insurance capital, which exist for coverage of liabilities, ongoing for decades, right? Yes? So they have these long-term obligation to people who say: "I I will die someday, somewhere in in the future, therefore I need make sure that I I earn a certain amount of money. money every year so that I always could answer actuarial reality human death rates and because I have pay". And if a disagreement will arise between the rate I I have, and the rate at which data centers must replenish these chips, they will have greater need for cash, regardless from whether it comes from debt, or from actual solvent customers, if there are any here discrepancy, then in you will have a problem with people who are trying invest.

Therefore, when you adjust 3- annual, hmm, piece silicon for 30 years obligation that requires structuring, tranching, rating, all of this mechanistic repackaging of such things like mortgages are still in In 2006, I hope, do you understand why people still take someone who is survived, hair on The back of my head stands on end, because they think, "Oh God, I've seen this before. exquisite funding earlier, and it is not always ends well." When you look at telecommunication equipment, uh, its manufacturers, they launched version this game in the late 90s -x, financing purchases of their own customers, and this worked until customers could not pay.

And therefore, when we had this developmental delay Internet, people They said, "Wait a minute." second, income finally arrives, but it took for about 20 years more than people expected." Therefore, The Internet really becomes transformational technology, about which everyone thought, and yet this leads to mass economic shocks. Countless lost people practically everything. I have meaning to survive dot-com crash bubbles of 2000 was real a bloodbath. So, if we encounter something similar to artificial intelligence, where artificial intelligence still becoming the greatest of times of chopped bread, but there is this one mass period shocks, all these people who invest your money, find themselves in cruel situation.

So it is not surprising that when Nvidia made this statement, their shares fell a little less than 3%, but next session they recovered. So , as if you have all this uncertainty, but no one really knows where it all goes will lead. Now Wall- street eventually remained positive, uh, approximately with what, 78 out of 81 analytics, which Bloomberg tracks, rated the shares as " to buy", but a structural problem lies in the very the design of all this. And therefore no one can nothing to you to offer, except piles of question marks.

Nobody knows what it is. will end. What I am I really want people to understood, this is what I I just want people to were paranoid. I no...I don't have the right one answers. I already I told you guys that I do it with mine. money, which, by the way, will have little effect on what you do with yours money. You need build your own thinking first principles and be very sober. You can use me or anyone else as a data point. What it concerns me, I just trying to diversify from stocks, not to zero.

I don't have...I I don't have enough. confidence that that I am right, that this fails, that I I just want to completely get rid of shares, but I am trying to diversify from the magnificent seven. I I'm trying to diversify from the rate on artificial intelligence. I am trying. make sure that in I have it. optionality if things will go wrong, that is, what do I have more simple cash, short-term treasury bonds, etc. Uh, so if something strange will happen at that time, when, of course, I I don't foresee this, eh- eh, I can do something make.

And for me, if that means that I will have to to refuse some advantages, I completely by this satisfied. That's mine. personality. But you, Guys, I need understand where you are at on this issue, but it yes, I know that vast majority people just don't draws attention to the fact that what is happening with AI funding. They don't have any mental representation that the whole world makes a giant bet on AI. They understand it like this: "Oh, this is a technology that is being implemented." AND they can love her , they can her hate, but I don't I think that people understand the system risk.

Risk not guarantees failure, but , friend, from this A lot depends. So be careful, boys and girls. When Jensen asked: "Where return investment?", that's what he says. It based on the article, which he published on X. Return lies in the usefulness AI. Companies use AI for writing software software, drug discovery, product development, service customers, automation operations and creating new ones services. AI factories make it possible. More calculations creates better AI, the best AI creates more use, more use creates more income, and more income leads to a greater number calculations.

It virtuous cycle industrial AI revolution. So, all of this is true. That's the main thing. problem. If mathematics you use, assumes that prices today remain stable or grow, then, maybe you can apply mathematics during 20-year period. AND if somehow magically you you can continue to collect money during this 20- annual period, then Everything will be fine. It will take some time for AI continued to penetrate the system and got into your blender, washing machine car, refrigerator, doctor, etc. But this It will take time. So, if we will see that the income comes from at a speed that corresponds to the speed with which they are forced to pay off debts, and depreciation schedules , and the graphs depreciation respond the needs of large money, such as list of companies, BlackRock, etc., which we passed, if it is meets the deadlines, which they should follow, perfectly.

But when we let's look at the income, we see that they are doing wrong fast as people thought, and you will experience attacks from China and open artificial intelligence... open...Yes, artificial intelligence with open source, not open AI, and open-source AI models code. And they prove that this leads to cost reduction, sharp decline. Something around 60% cheaper than us we are waiting now. Therefore, if we are already we are in such a unreliable situation when they promote income by 10 , 20 years ahead of stock valuations, and they attract money with this expected growth rate, and we see that actually, sorry, psychologically, he decreases by 60% through innovation (to things, exactly what you want to reduce expenses, actually happening).

AND China is not only interested in this, to make sure that they will win the race artificial intelligence, they are interested in this, to inflict damage to the US economy. So it's something like: "Yes!" Who knows? It exactly. It infinite bottom question marks. AND this is where the markets are reward or punish people for What are they doing? rates. And that's why I I firmly believe in this. You you need to understand that the stock market is rate. Now, if you you don't know what to do actually do bet, this is where it is becomes a problem.

And that's it. more and more of this, hmm, very elegant structures financing, all these things are breaking down and sold in economy. And when is this appears in your insurance fund, your pension fund, your 401k, uh, this is where it begins what is ordinary investor does a big bet on AI, and they don't even know about this. And bless Oh my God, those guys, with whom I communicate, to help me to manage my money, but they don't interested in to tell me to refuse bets on AI.

They interested in to attract me, so that I can get as much as possible higher profitability as long as possible, and then if it's me destroy it, then everything will be good. Uh, you should understand that structure stimulating the system not in order to keep you paranoid . It is not for to provide your safety. Structure stimulating the system is that you invested. So exactly people here need everything carefully to consider. And I I feel terrible. Most people just not going to do this. And therefore, uh, they can to win big, and everything will be fine.

But, Damn them! can strongly hit. In our the community was one the guy who published one of videos we made. I saw his comment. . Uh, and he said something like: "Me destroyed in both 2000 and 2008 years". And his AI strategy like this: "Well, if I destroy, then at least again." And now he says I'm almost there pensions. If me will probably be destroyed again , I will have a lot people who can sympathize. And I am like this: "Oh, that's not the strategy, which I would use.

"I I understand that this is amazing. I I understand that you you will feel very stupid if you start retreat, and AI simply will continue to grow, and will grow forever. But , oh-oh, in some moment for people need to pay attention to what you are protected from negative consequences ? Therefore, I believe that people shouldn't try optimize each dollar, which is spent on growth, and remain unprotected from negative consequences . You must try balance these two aspects. So, yes, you want to use these advantages, but, oh, oh, do you need it?

you have some protection from fall? Do you remember? Mark Cuban became billionaire exactly because he protects yourself from falling into volatile period, it seems that was around 2008, when he sold his company, and then, I I don't remember if it was dotcom or 2008. I think it was 2008. year. In any case , very volatile period. He hedged against the market, because I didn't think he will grow forever, and, Look, he's not is growing, and he earns, I don't know, was it more, but after all, he protects your wealth and increases it by through hedging , so what did he do some bets on growth, and some rates on the decline, and after all this paid more, and that's what shot it into the stratosphere.

So, of course, there is anecdotal stories people who have achieved great successes, defending yourself. We did very well detailed analysis of what he does Warren Buffett. Buffett , obviously, is retreating. He invests cash, and under this people actually have money in mind equivalents. But he returns, in essence , to cash, because he knows, that in times like these it can be a year or more years, but when you start looking at, I forget how he does it. calls, warning Buffett's line or something like that when the entire stock market exceeds 200%or stock market is more than 200% the entire economy, he seems to be starting retreat.

We achieved this indicator in 2006 or perhaps earlier, but recently, and therefore he began to retreat. If you look at Cape Town coefficient to which I devote a little more attention, that is, if to average, um, companies' growth over the last 10 years, um, I I think in the S&P 500, like they do, hmm, how does this relate to the amount they are charged for their shares? And on average this is approximately 16-17%, and now we have 40%, that is, hmm, or in 40 times, sorry.

So, for me it's simple madness. When you you say that, um, these companies are worth 40 times more than average, hmm, income, which they bring over the last 10 years, For me, this is wild. So, yes, I think we, just by the numbers, surpassing everyone expectation. Yes. However, in times like these good thing Google changes because they just launched their Dr. system LLM, which, on In my opinion, there is much better use for AI, and it's actually keeps promises what we expected get. Yeah, man, this story crazy.

Hmm, I amazed by this. Therefore I I'm really trying. to be honest about risks associated with with AI, and at the same time be honest about what does AI. I don't think so. what is bothering someone the fact that, in my opinion, opinion, artificial intelligence is something absolutely extraordinary, and that he will be completely transformational. But if you look on statistics that comes out of this cooperation with Google, Google just proved that Master of Laws already surpasses doctors, even in a difficult the realities of working with patients who often is actually controversial, about what We'll talk later.

But if you think about it yourself as a patient, Will there be cases? when you you will be mistaken about symptoms, or you it will be difficult to describe them , or you just you will think that your Is the doctor wrong? It one of those areas where you you will resist. AND this is one of those areas where people thought that Master of Laws never can't handle this to cope. And that's why Google just posted these three research works that show that it's not really Yes.

Doctors from artificial intelligence provided the best help than doctors- people, as assessed by the council from people. So, these are people, who are used to evaluating the work of doctors, therefore this is not what is common people from the street just They say: "I have more "I like AI." They they talk about him ability in fact diagnose real problems. Now, if look at yourself results, Google conducted AI through random randomized clinical examination. There were 100 scenarios. It there were 300 video consultations in live broadcast, professional patients, patient actors.

So they performed actions, based on real cases, but they did everything: from heart complaints of musculoskeletal injuries -musculoskeletal system, and was 20 certified doctors who evaluated these meetings. And this is even not closely resembling that doctors with AI just completely surpass real doctors. So, doctors with AI scored 83%, and they themselves doctors scored 68% correct diagnoses first time, 91%for AI vs. 77% for humans. Clinical Thinking 90% against 76% in favor of AI. Accompanying patient during physical examination via video, AI scored 72 points against 39 for real people doctors.

Doctors rated empathy at 82 AI scores vs. 71 points for doctors. So, AI is perceived as more empathetic. We've seen this before. previously in similar research, conducted for therapies where AI is considered more empathetic than a real therapist- man. AI completed your examinations in average of 8.9 minutes. Doctors it took 9.3. So they needed more time to get there worse conclusions. Then in the second work You have a similar scheme. IN You have 100 patients, three receptions each. Symptoms and results laboratory research change between visits.

So, essentially , they get updated information. Experts assessed management of these AI plans as a given in 95% of cases, hmm, under time of first visit and in 98% of cases to third visit, OK? So, over time they are getting better, as it should have been to expect. Doctors, 72% after the first visit, and then only reach 81% after all three. So ultimately, 98% versus 81% again in favor of AI. AND regarding the appointment correct research, so, um, what often happens with real doctors, it's that they are too retreat early.

So they think that found the right one thing, and then retreat. Uh, human doctors actually become worse with each further observation. IN I have no answer. to this question, but my intuition suggests that it's because they eventually stop too early. They they think they found this, but actually this not so. Whereas AI with sometimes it gets better. So people become worse. Uh, doctors- people are getting worse. Cars actually are getting better. Uh, yeah then the third article it all connects. Google taught clinical agent, forcing him to practice.

So degree required Master of Laws. He uses learning from reinforcement, so that to test them on practice, so that to see how far we can go in this? As far as they will become better over time? We had 57 000 simulated meetings, including thousands, specially created where the patient actively trying to deceive the doctor. So patients hide your medicine. Patients, who insist on because of chest pain –this is heartburn, refuse to go to department urgent help like this actually do patients. Hmm, and it was up to 60 turns per conversation, which means what is artificial intelligence communicates with patient up to 60 times.

So, as a result, you you get a model, when it is practiced in this comparison with other models, and we we see that this learning from reinforcement makes them even better. Therefore, all previous data, which I gave you, it is in basically what these new ones are compared models that receive learning from reinforcements, and they are getting even better. So they surpass them by 87.6% cases in comparative reviews . So, AI, which is already significantly exceeds people, will lose to this new AI with learning with reinforcement, which performs these synthetic estimates again and again, and again , and again, and again, and again.

Okay, doing. this, he is now becoming better than AI, which is already was better than people. So you see that this is can reach a certain limits, may arise some asymptote, for which it cannot continue, but you you see that these guys, artificial intelligence with it gets better with time and better. So the gap between human doctors and doctors from artificial intelligence, probably over time will grow. Question in so, is it will it end or not it will just be doctor's negligence, which does not work with artificial intelligence.

AND Honestly, I think that for several years we probably let's start counting real negligence at least not to consult with artificial intelligence, don't look at him offers. Nobody expects you to just you will blindly believe take his word for it, but you you will see lawsuits about negligence, where are they They say: "Show me." what did you say to me artificial intelligence". AND if artificial intelligence will be revealed right, and he said you the right one answer, and you insist on in order to follow the path, which in the end will turn out wrong, and the patient will receive injury or, don't let Oh my God, it will die, then it will will be huge a problem for human doctors.

Now, if you stretch this to 5-10 years if this the gap between people and artificial intelligence will continue to grow, uh, you can to expect that everything more people, uh, will rely on them. I think that this there will be, um, doctors for with the help of a person. I I don't think you're just Go and talk. with the car on terminals, but, um, I I really think that's it. will become the standard. It quite incredible. So this is one of those cases when again anyway, technology, probably, really will become what we are We all want to see her.

Uh, that doesn't mean that you will not have large-scale economic event, which will be very turbulent between this place and place. Yes, it seems to me that it's something like the first version, right? Yes? First people will use robots with artificial intellect. And then the second version will be consist only of robots with artificial intellect. I don't know. Perhaps. Maybe we'll get there. up to this point, and people really will think: "I just I want mine. fully artificial intelligence". My intuition suggests that there will be some element, considering that this probabilistic, not deterministic system, and therefore you do not you know which one you will get the result, you will always have a person who is sitting in the middle, so that just to make sure that it won't do some crazy thing.

Just like airplanes can fly independently, but we have there are always human pilots, to make sure that in case catastrophic system failures will turn off, they will start talking something clearly crazy, what can you do intervene and say: "Okay, this is hallucinations." These are glitches. , whatever. "It simply boils down to that AI is probabilistic. You are not can you force him give you one and the same the very result again and again if you , in fact, not program it tough for this. Um, and now it's not like that exists, so everyone who ever tried, says: "Hey, Here is my photo.

Take me, put me on this one background". "It's hard for him." to do, because in fact probably are trying play all these pixels, and in as a result it looks a little strange. Hmm, so overall they give you the correct answer, but you don't can you guarantee her again, because it's not deterministic. Of course. We'll see. In the sector artificial intelligence a lot is happening moving parts. Me interesting to see how It will all work out because Honestly, I think that our entire economy sits on this, therefore we need...

Eric, check Slack, Please. Um, okay, let's move. further. Um, we need update with Trump. Come on. Because I laughed at this stories when first information has appeared, that he was...you are named. He was James Bonding, who tried to avoid an assassination attempt. This is wild. Some people said that he left, uh, Marco Rubio is nearby, and someone posted this meme on Twitter, which made me laugh. Um, no, they are will expect that one of us will be in Write it down, brother. And when he got out of it, greetings to the "Dark" "The knight returns" .

Um, it's like a story here. or...Is it just some kind of the noise we hear in the internet? But this It was somewhat doubtful, that he changed lanes. Yes, I don't know. How true is that? Everyone says that this is happened. About this widely reported. So there is a possibility that something really happened. I think it would be almost It's funny to think that This is not necessary. So, if you think about it about what, er, we have there were two absolutely audacious attempts on Trump's life.

You have was the third, that is, yes, you had three. So, in you were, uh, obviously, the guy who shot where is he, uh, where is it was Butler, Mass. Pennsylvania. This The guy was just killed. It still amazes me that they just do everything destroyed. Nobody ever did not investigate that this guy did, but in any case, uh, you had a boyfriend, who was hiding in the bushes golf courses, and then you had the guy who tried to break in to the west, uh, on which he was.

Uh, at least one of these people said that his supports Iran. I am not I think someone had would be difficult, considering it. Um, administration Trump is being killed en masse your leadership, trying to kill Trump. For me it is the moment of "living by the sword— to die by the sword." Therefore, I don't think that someone should be surprised, if it's true is happening, so ... Yes. Well, we will. keep it up to date. We we will continue This is to inform. Hmm, this is was just funny history.

Babysitter says he wants to do things more accessible. This is his the last video, in to whom he told about Amazon and their contractor system, which one they have now. Amazon is currently contracting subcontracting with others technical couriers. Although on their trucks and clothes are Amazon, technically they are not by Amazon employees. Ahem, so his new initiative—take them to work. This is a video, which he released. Come on. Special delivery. If it looks like Amazon delivery, and it rides like an Amazon delivery, then this is Amazon delivery.

Amazon spends millions of dollars to to convince you that this not Amazon delivery. But everything you need to do, this see for yourself. On my uniform written by Amazon. If I...Don't wear this Amazon branded vest, will be against us disciplinary measures taken measures. Routes and working hours employees Amazon installs. So why doesn't Amazon carry responsibility for these vans? Because Amazon and others corporations created a huge network subcontractors, which protect them from responsibility. Amazon indicates this subcontractors, where ride, who to hire and in What time to work?

I do all the work, which brings Amazon all money. That's why I'm proud I support the Law on delivery protection, proposed member of the city council Tiffany Caban. Ago what if Amazon delivers your parcels, they must to adhere to those the same rules as any other delivery company. When the number of injuries and accidents in production rapidly growing, Amazon says they don't have none before this relationship. They cannot have and both. Covering themselves with these so-called independent operators, they really do that What I like it in because mom says Donnie: "Hello everyone, I'm I want to do everything for you are pleasant and cheap, but, well, I'm kidding.

I am going to do things more expensive." "Hmm, so, firstly, if companies do something illegal, then, of course, you intervene and you say, "Hey, this legally. You can't to do this." But The reality is that trade unions, which tried to protect taxi drivers, tried not to allow Uber, but Uber better for the consumer, so Uber eventually won. You you will encounter that by ourselves. Amazon says: “ Listen, our The job is not to, hmm, to provide the presence of this giant pool people to whom we we can always address, to spend the whole inspection, etc.

We- logistics company, who is trying sell everything in Internet. Therefore we we want to cooperate with companies that will deal with this aspect of affairs, and they will adhere to all laws and regulations . They just don't are working directly with us." And this is exactly the way reduce costs, therefore What are you working on now? with a company that going to find people who again will work for legal salary. They will check. people for whom this good job, and now you, like Amazon, can reduce your expenses and pass this on saving for other people.

So, instead of to become bigger and bigger larger in terms of employee, you cooperate with others, whether with a person , which is individual entrepreneur, as well , as an Uber driver is individual entrepreneur, whether from someone who has own company with delivery and logistics, small, but in the area, and then, you probably get aggregators that interact with Amazon, and then they hire all these much smaller delivery companies. AND now you can to create something incredibly fast-acting, incredibly localized, decentralized, which will move very quickly, can keep low costs.

So, when they are pursuing these guys, they don't I like that people can independently to decide which they want a job to hug Remember , no one is forced take this job. They can submit applications for another job . So there are reasons why they may want to do it. Uh, these companies work legally, so they don't I like that Amazon can find employees for salary. I assume that this is partly because that they are not members trade unions. Um, and them they don't pay that much, how much, on their opinion, it should be, uh, minimum wage fee throughout the country.

So they want use trade unions, so that essentially intimidate these companies. And as soon as you will understand this from positions of indignation, this just outrage from top to bottom, so that it is not good for employees who want to get work. Because eventually what will happen is that if you tell Amazon that they can't do this do, Amazon will leave city, they will go to another place, so all these people will lose their jobs. Even if Amazon decides to stay in the city, now they will hire people directly, therefore, most likely, they have there will be fewer workers places, and to them will have to translate price increase for client.

So, now you create something where the government is coming from the outside, doing something, what will actually do parcels are more expensive, will provide employees fewer options. It literally the same, as they say you are must be a driver taxi, you must to have medallions or any other system which they are going to to use to to contain it, and in ultimately it is worse for consumer. And therefore, when you look at studies that were carried out from this drive, intercultural research, and this will be what you are talking about You hear a lot when it is about DSA solution when you look at intercultural research they spent, and to give people have a choice, you can you do something what is good for the poor, and this will bring them some material benefit, but this will also help rich, you can't to force them vote for it.

What you can do for to force them to vote, will harm the poor, if this too will harm the rich. So, it's about punishment. It's not about about actually to help people. So, going back to that, what did that woman say, you can't have both other. It is impossible. to try to do things more accessible, making them more expensive. They literally are matter and antimatter. When you say that they are matter and antimatter, they are trying... If you raise business value, I I know what they want, so that employees just started earn more money.

Actually this is not is happening. Actually what is happening is you start doing things more expensive. Then you say, "Okay, then these guys greedy. So I will force limit them the amount of money that they can earn ". And now you have communist country. And I know that they they like to say that they don't will do it, but they do it will do. These are private companies, and if you you want to defeat them, you must them to win. So, if Do you think they have monopoly, then intervene and Break the monopoly.

But do these things, when you tell someone : "I am happy, doing this work. This job gives me flexibility, or I don't can I get a job with such a high payment, because I have no other skills, but I can go and to make the delivery, and it pays well, considering my set skills. And now you you say: "No, no, no, you You don't understand yourself. You too stupid to to know what kind of work take, and which one not. And therefore we want to come and to say this to companies that, on in our opinion, simply predators: "Hey, hey, hey, you can't continue to implement innovation and find ways cost reduction.

Therefore , we are going come and try control it." AND this is never the case ends. And so, that they eventually they do, they break it these systems are excessive regulation, therefore all from the very beginning government intervention They tell you, "Oh, you're in in a difficult situation, you need develop, you will need to deregulate." Because the rules themselves create obstacles, such as impossibility to build housing. Then like, when you retreat from these rules, look at something like Houston, look. for something like Austin, where prices are Austin is simple are growing rapidly, they allow builders to build, and prices they fall immediately.

Houston, I don't think so. once strangled people, so they just continue to allow people to build, prices for housing is not growing. This is not the best place. for investing in house. Thank God, this is a great place for buying a house, so what are you really you can have it allow, because they just saved low rates, no implementing all these rules that bother people build. And so, uh, I would like to say that this is actually comes from a wonderful places. This is not like from a great place.

It comes from a place insults. You literally you say, "I care about employees, I care about accessibility, and I I am actively doing something, that will make it less available. Now, if they could show me cause and effect of how it really is will reduce the cost delivery, I would say: "Okay, at least they are fighting for something internally consistent ". But that's not true. Obviously, Amazon does this to reduce your expenses. And so now they they do it as a way punish them because they don't consider it righteous or some kind another word they are going to insert, but it's definitely not concerns accessibility.

Yes. So, when we we are talking about production of such things, we say that there are certain things that have be implemented for improvement of the country, to do good etc. If the essence of my The mod is that what we need stop the system subcontractors to this way we could to provide employees necessary benefits and protection. Uh, it was whole. the story with Uber and Lyft, where you are a subcontractor, you You're driving at us, you pay through us, but you don't have it medical insurance.

If something is wrong with you It happens, you carry responsibility for himself. If someone will happen in your in the car, in yours incidents, I can to completely withdraw, everything It's up to you. So, is there some responsibility? Maybe the word is not absolutely correct, but there is some protection employees, which, I quote, honored, or is it just a name games, and this is another situation. The right view of this is like this: okay, we have there are people who work in Amazon. There are laws, who tell you that they must do, how about them will take care.

Then you have these companies that hire these people. Independent contractors fall under other rules than people who work in the company, and there are compromises. So if we say that we we don't want people to could be independent contractors, it was damn it madness. Reason, why would that be madness, consists in because there are people who they want this compromise. For example, I want to control what I I cry when I pay. taxes. You are constantly you meet people, who say: "Listen, Tom, I really want to to work for you, but I will do it only when I can to be independent contractor." This is mine.

case. I don't like independent contractors . I would be much better off had someone in his companies, you know, because you You suffer from this. I force people to be in office. Therefore, I want to to keep people in the office, I want people to be employees. There are times when work may not be so consistent, what would she be like in otherwise, or in Is there anyone who can help you? to do a certain thing, but this talent is so little known, as, for example, Kaizen.

IN We have a guy who is engaged in procedural generation. What is it was it? Eric, if you could turn it off, that would it wasn't. Um, that is, in There are people among you who, um, are in such a state situation when they want to be independent contractors; They have really little known skill set, so we need to find out: what we have to do so attract this person? AND if we have to, hmm create uh exception, then, okay, the only way get this person out necessary set skills—this let her be independent contractor.

So the only way eliminate it—it's simple to say that you are not you can be independent contractor. And again anyway, deprive people of choice—this incorrect respond. If this the person wants it to do, why not let her do it make? And if they want protection, then, for example, if they want...No, no, no, I I want medical. insurance. I want, you know, things that go with the company, then they don't work for a company that does not offer this. Um, and you can reach that these companies will become outsourcing companies, um, if the only way in which they will be able to attract the right people to eat people, —it's, um, to offer them such protection, then they will do this to remain competitive .

What people don't I like it, that's it. that one of ways to solve problems when you have too cheap workforce, consists of in that you don't need to offer these incentives. And I I understand that people don't I like that you you can get the right people, not offering these incentives, but such the reality that people want to work. AND some people just don't have a set of skills, they don't have opportunities to settle down work in a company, which offers such things because they are not developed relevant skills.

And it is here, unfortunately, you have to to encounter immigration. Therefore, one of the reasons why people should be very upset about that the fact that we masked the decline economy, importing immigrants, illegal or otherwise, is that there is many people who ready to take on this work because they cannot get another job. They may not be very good to speak the language. Hmm, they may simply not have strong skills. And now they are are turning to companies where the company says: "Okay, you you can work here, but you will have to to do it like independent contractor .

So you won't get these advantages." And if you just say: " You won't even be able to to be a company if don't offer these advantages", then again yes, you will do things more expensive and create a subclass people who cannot get a job. Hmm. Because it's not like that. if you raise minimum wage fee or say: " Sorry. You can't use contract labor." It it's not like these people suddenly they will receive highly paid work. People just they say: "I don't I'm going to pay for it." That's why people need to think about this is when you increase minimum wage fee, it helps some people just destroys teenagers.

Because teenagers don't have the necessary skills. So ability to pay they have less than someone else more experienced, there is the reason why the company, well, you know, participates in the work with a young child. Hmm. And when you get rid of this, you are getting rid of all vacancies entry level. It not like what people say : "Well, I just I will pay for this. a teenager like this salary or this unqualified a person with such a salary ". You say, "Excuse me. , you are not worth it.

I I will find a way around it. it. I will either do less, or I automate, or I propose some another solution." But you don't just pay people more than they are worth it. Is it better to think about mom and dad in the government as about intermediaries? For it seems to me that That's exactly what I hear. Are they interfere in relationship between subcontractor and contractor? No. OK. Definitely not. Think correctly about them–it's about political activists who want to change the way the world works, mostly because indignation.

And as soon as do you understand that revolutions only begin when you reproducing the elite . So, you release into the world highly educated people who, um, are thinkers in their own way by nature, they are not activists or thinkers for education. This is more accurate. say. They are not figures, they are not builders, they thinkers. They come out into the world, and the world does not meet them warm. And the world says: " Go drive an Uber. Go deliver. services as a contractor for Amazon.

They are as follows: " Wow, I don't like this. promised. I took it on all this debt. It madness. You guys, You don't understand what I am. reasonable". Insert Tracy Rosenthal, who comes and says: " Let me teach you how not to to pay, uh, rent pay and steal from your landlord." And this becomes revolutionary energy: oh, I know, as much as I will important in the world of ideas . I still don't I'm going to build. DSA. You paint DSA with this with a brush in each government program, or is this just a DSA diagnosis?

Because when I do this I like it because when you said with the government, and you are talking about what people ruin relationships, I was talking about the government. programs, regulation. Regulation is agent. Regulation is not agent. I am not I think that's it. right. If you want to hear pro-government speech, it will sound like this : no, it's not pro-government. I'm just trying. understand how you would called the intervention on markets, which is carried out. You want a name. Yes, because in some aspects it is good, in some sometimes it barbels, sometimes it's necessary.

So I I'm trying to think, when is this...Intervention should happen, not when it shouldn't occur. Um, well, those are two different things. First, I will give you a name. Good. Uh, I...the government already has name. So, these things are called the government. Why don't governments are perceived as intermediaries? Intermediaries help to make it easier otherwise it would be difficult . So, there is a period when intermediaries extremely useful. If I am good at it, for example, kaizen- video game, I want to display a video game in world.

Hmm. I will contact influencer who already created an audience. Now, you can say: "I really just I want an audience." "But I will consider intermediary influencer who created this audience. Because I am 50 years old man, I don't have one communities of children who are interested video games because I don't that aesthetician, or even a way thinking or speaking, which would associate them. They want loud YouTube voices. They they want, you know, people, which are incredible fascinated. This is what they want. And therefore this A person becomes for me very useful intermediary.

If you trying to attract capital and you don't have it these, um, connections, then you can contact to someone like venture fund, who has everything, um, pension funds and insurance funds. They can contact university funds . They literally flying around the country all year long, meeting these guys, constantly raising money to such an entrepreneur as I could go to them and access to capital. So they play a role intermediary for capital. I don't want to to do this. It intermediaries who provide intermediary services that…" extremely valuable for someone on my place.

Okay, government. actually creates fair playing conditions. AND when you create fair playing conditions, you you will get it anyway Messi, who will score? much more goals than anyone another. And if you send to field 30 judges, and their task—to fill Messi, let everyone score the same amount heads, it will be damn stupidity. And that's exactly it. So, regardless of whether do you get this from DSA, or from Republicans, it's not It matters. If you send to the field too many judges, they spoil the players, and this can equalize situation, but this makes the game much, much, much, much less fair and much less successful in execution what it is for should have been.

That's why The government's understanding is as follows: Hey, create. regulations, provide them compliance, because all games are better when there is rules that are being performed. Um, so, we want a government, we we just don't want to it got to the point where what judges... dominate the players, this is it people are trying to say, when they say that something became excessive regulated. Steeply. Okay, you raised the issue of business services, so let's turn to them. I have first there is a story with Tracy Rosenthal.

I I guessed it. You were waiting. AT. Come on. Uh, okay, so let's just let's start with the video, and then let's start with comments. My question: difficult imagine that you are not pay the rent fee. Do you have any? ideas on how to do this will it look like? Okay, take a break, if people don't hear, what did she say? She whispers: "I'm doing this right now." "Uh, I forgot how long it was it does, but already long. People appreciate, what is the rent amount pay, which she does not paid, amounts to about $108,000.

Okay, this is crazy. This woman is definitely stealing. in a person whose She lives at home. I not yet delved into deep enough, to check all facts, but how it is reported that her landlord— immigrant, and now he has either already lost building, or now its loses. The bank was seized. Absolute madness. And this woman is proud hereby. This is wild. This is not a boy who grew up in old age. It an immigrant who arrived in the country, to try something to do, himself, to him managed to buy a building that is business, he tries to manage this business, and then he really doesn't lucky that this a woman who grew up in old age, now doesn't need, uh, you know, to earn money life and running around as an activist, teaching people in to your house, as steal from the landlord, and there are consequences for that.

And I I know everyone..." simply wants, and again, this is how you understand, that this is an insult, they just want to harm this wealthy landlords , but it doesn't hurt them. This harms people who are trying to lead business and build make ends meet. So good. Do you have any? idea of ​​how it looked like many people, not only a few things, and if many people don't paid rent fee? Thank you. I mean, I think that part what you are talking about you say, —this long-term creation strategy crisis of this kind the scale that we will be needed to get any damn concessions.

And please, confirm this because I I want her to said what she said is going to say, again, in context, but it actively trying create a crisis. Hmm. As if this isn't someone who says: "I just want make your life better." It's like: "I I want to break the system, and if I will have to to ruin a life everyone to make this, I will do it with pleasure. We let's create a crisis." "Yes wildly. OK, step back a little back, because she is going to say something a little more awkward.

Mhm. this is what we need to get any what damn concessions, that would save our life, you understand? AND so I think: Save our lives? So, this is rich a girl who grew up in money. Her father— fourfold award winner " Grammy. Uh, she is grew up in a wealthy district. As if all this madness. What are you talking about? you say, save your lives? This is so clumsy, excessive rhetoric that completely deprived reality, and they simply convince each other, what exactly this is actually is at stake.

I remind you that the same principles that she puts forward, killed more people in the 20th century, than anything else. Killed more people, than diseases, killed more people than war. This is it. madness. I think that, um, but I I think that, you know, with On the one hand, it's like I I can admit that I romantic, and I can "sit here" and says something like: "Yes, we need a plane, It's good that she has I mean, I'm a romantic. "? She means, that my parents cover my bills.

This is how she is maybe romantic". So, Drew told me yesterday something that you guys, would consider very funny. And I can't... What were we talking about? Do you remember? Reaction video? Uh, I don't know what's funny. I said the thing. I said lots of funny things. Oh, you remember, just now I will say it. I forgot, what we talked about, but I thought, "I don't I can believe that people can do this "To do this is madness." And Drew says, "Well, you have have a superpower to be regardless of the rich.

AND Here, I earned mine. wealth infinite number of years cutting out coupons and [ __ ] like that and work that was almost death, but she is at that stage when parents pay accounts, her worldview so distorted, what is this madness". And so, she is in in such a state that thinks: "Okay, I know that everything will be fine with me okay on the other side all of this madness, because I I can always to return to mother and "dad." Oh, and by the way, She is probably counting.

days before mom's death and dad, and she will inherit their money. I am very I doubt that she will give them away cooperative, which, to things, definitely stay today at three o'clock, because in us deep immersion in socialism, where we we will consider the real reason and consequence. This video chose Drew because, and I I think he is right, it really is suitable for socialism with absolutely the other side. It approaches him with points of view mechanisms of it destruction, not from from the point of view of "rubbish about" table", and I don't likes Tracy Rosenthal, or me don't like Mamdani.

This is completely another thing. We will get there. to these basic mechanisms, but it completely blind to all ways functioning economy. And here she is. just thinks, "Oh, I I will be back. Uh, one I will have a day anyway. Mom and Dad's money . Uh, I can survive. all of this." And some of the strangest, and that's it we will consider this on three o'clock, some of the strangest utopian experiments that were held on American soil, er, conducted by people which have already been wealthy.

Er, and therefore, these are people who promote such things, because they are not used to it to the daily routine actual construction make ends meet. Tenants' strike, yes ? That's how we are, you know. Let's describe it, shall we? For example, one of cancellation methods rent—this permanent and general strike tenants. Just don't pay. rent. Make a home impossible—it's not It was so, so brilliant. to think about how we We will achieve this. Uh, and I think that for me, you know, like, uh, and yes, I mean that my whole building is not pays rent fee.

This is really steeply. Uh, me too madness. Excuse me, I I have, well, okay, but my whole building is not pays rent fee. Okay, that will be it. the same person. I'm fighting. bet that partly the reason, why are they gathering to pursue them, or words that will fly from their mouths, is to because they are not keep the building in in good condition. Well yeah, no [ __ ], Sherlock. If you are not in favor Why don't you pay like them? should keep building in proper condition condition?

That's why in people arise this distorted feeling, that people who own the building, just swimming in money, they just accumulate them, and they do not want to maintain the building in in good condition, although they have all this money. This is exactly what happened with The Bronx and part five districts, when New York held the same catastrophic politics in the 60s and 70s years, and it came to that people couldn't maintain buildings, and back to the Bronx literally looks like like Beirut after Civil War. This is so funny.

It someone they are talking about think from the point of view of insults, from the point of view of what we should demolish these people. They don't look at what actually good for the poor people. Many in terms of me enjoying historical movement tenants of New York, to be able to do this do it because I can just say, "Yes, "damn it". Like: " Come and "Take it away." As if I didn't I know. Let's see what will be ". So, except that say: "Come and take me away." I think there are many, um, I think because some of these calculations, right?

It about what I I know what I have and what I like it. when I think about it, like my own building , um, went on strike tenants, right? At first people were very avoided risk and did not wanted revenge, you know, if this will get to at all court records, some landlord will look at this and will say: "Well, you don't Can you rent out your home? in the future, right? "AND she is right about this, and people have right, being paranoid with about this.

AND maybe not now many landlords they do this, but let me to say that because more and more these things are moving forward, all more and more landlords will check whether Did you participate in? tenants' strike earlier? And you suddenly find yourself in a situation, when you can't get housing. Now when you can again to move in with mom and dad, or again , you wait until Mom and Dad will die, to get their money, you can't to worry about it. But if someone, in Who has a family?

to convince to do something frank absurd, they fall into this "list" do not rent to whom ", and then have search problems housing, and then forced to move far away and find themselves in a place with less quantity economic opportunities, because it the only place they can find where they can afford to allow, where someone really give it to them housing for rent. That's right. idiotic, and this leads people by the wrong way. They listen to you, but they don't have the same reinforcement, as in you.

I think it's slow. the process of linking to our homes, one-to-one bindings one, binding to organizational project, really changed people, changed their opinion. As if the person did not move from places. Someone said: " I will go to the end." You know, I think so too, what, um, in your my own house, I I have experience. observation of how people transition from inability to imagine without knowing how it will look like, not in can you imagine it, to like this: "Oh, damn, 2 and a half have passed years ".

So, listen, this is people who, uh, fully understand, what are they use fraudulent tactics, to punish, uh, that, what do they think a class of capital, and they want to inflict to your own detriment to the landlord. And when they will think about who will own these buildings when we we will do absolutely impossible for someone doing this business, their the government will be the answer. The government can throw at this is tax money only to a certain extent, because if you break it engine of prosperity, then there will be no money taxes, so that to finance all this, and that's why every the country that does it, gets into a situation, when it looks like Cuba .

It's the opposite. Each the building looks like [ __ ]. They are stuck. in the long past period of time, because not are building. They are not able to implement innovation. They are not can buy innovations of others. And this turns out absolutely terrible for people who are they try. If they really want to make Chinese model, it's completely another argument. And I I think that today I don't need it. it's to speak. I am glad. to talk about it, but this is not in our list, but how what about his face?

Hassan Picker, his producer, lives in China, and he literally said: " "He's on the program." In fact, you can find this video directly here. Uh, he said: " We want, uh, communications", it seems like this word he used. We can we listen to this directly from him. Here he is. This, uh, producer Hassan Picker who speaks the nonsense of communism. But at least he will fight for the government, which, uh, proved that even though they put people in concentration camps, even though what they are on steroids, even despite the fact that they kept people in COVID lockdown God knows how long , even though the list goes on , uh, they absolutely are happy to see their entrepreneurs; they absolutely happy, uh, to cross out, which is beautiful word, uh, cross out people from the political parties.

Imagine if Trump had that kind of power. You guys are funny. THERE ARE- uh, if you want to come to terms with this system and not against to open up to such tyrannical evil, er, then of course. Uh, you don't you can claim, what what China did , putting authoritarian layer on top of capitalism, eh -uh, you can't to deny that it is not very, uh, effectively for pulling people out. poverty. Therefore, at least with this the argument is worth to argue. Therefore, Here is my boyfriend.

You know, communicate. United States America, brother. Eric Hovaghim, er, content- creator. He also worked with Zoron. For those who are here newbie, I'm helping create an interview Hassan. In US history never been a good president. A few weeks ago I received personal message from this huge a Turk, who, as I knew, will change mine forever life. No, that's great. We should also to prohibit American stock market. New York Stock The stock exchange should be abolished. Yes, great. I would say that I socialist. I would say, that I am a socialist.

I I think I...I really are interested in different communist countries of the world, which were extracted so many people from poverty. Okay, pause. I would wanted this list, idiot. I would like to You provided this list. AND I swear to God if you will use China as an example communist country , which extracted so much people out of poverty, I'm tired of everything. around. Because it is complete stupidity. Chinese government when it actually was communist, killed 45 millions of people and left them like that impoverished, that when Mao finally died, they said, "Jesus Christ, we must "Stop doing that." And therefore the famous statement Deng Xiaoping: "I It doesn't matter if the cat is white or not.

black", that is, to me never mind, it's communism or capitalism, the main thing is that he caught mice. That is, the main thing is that this made people rich. So, you know, What did they do? They ceased to be communists and started to be authoritarian against the backdrop of capitalism. They switched to free, damn it, markets. So, dude, I I really want to hear. these people their in your own words. I I want this list of countries. because he won't have them . They didn't work.

They led to extraordinary the amount of suffering, and the only country that keeps communism in name, partly for branding, because they are not wanted to admit that Mao was the same. false and bloodthirsty, like actually. So they saved this part names, but stopped to follow oneself principles. Remember , which is larger in China inequality in housing arrangements and households, than in the USA. So, this is not some wonderful equal a society where people give to everyone according to their opportunities. This is not Yes. This doesn't work.

And we let's talk about that why, from a mechanical point of view point of view, during third hour. Necessarily Join me. We have a very detailed and a fascinating video, which one will we be at respond. Yes. Oh my God, how I wish that this was not said about what we needs to be improved the situation with China. Uh-huh , this was not the case said because in it actually exists list, confirmed by data . This is someone who...I don't I know, dude. I can't understand this a guy.

He clearly reasonable. Uh, but, God, oh God, he appears in a podcast, where can make statements, to which no one insists. Do you think we understood this, or you do you want... Yes, no, we understand. it. He just repeats the same thing exactly again and again, and again, and again. Hmm, I listened to Mehdi's conversation Hassan and Sam Seder , and they talked about the rise of DSA. And then Medhi asked him: " What do you think about comparison, what is this Democratic teahouse party?" And he replied: "This is unfair comparison, because to the extreme, to the extreme right-wingers, when you come to yourself right angles, you have Nazism, you have a white nationalism, you have something else.

When you you reach the extremes, far left, you have people who want universal medical care for everyone." And I think, that this still exists blind spot, because which many people they say: "No, yes, we have there are a few crazy people, but they just want medical service for everyone. They want affordable housing. They want to see Democrats. Although they they really want this ". And I want to be in dynamic voltage with people who want to so that things are available. I think that is very noble case.

Hmm, I want to to be in dynamic tension with people who want to make sure what if security health is what it is for we want to pay, then we will get it. Hmm, I like that people want make sure that you you can fall, but not hit the ground and to scatter into a million pieces. Hmm , I have all this I like it. Uh, they so insincere about it, that on the far left there is Maoists. Yes. Most bloodthirsty person since the time of Genghis Khan.

This is such madness. AND, God, am I really I was hoping that something I will start more. to delve into exaltation, hmm, Islam, the more I I understand that no, this is Will there really be something? wonderful." When you start fighting alone for one, people who are Islamists, not Muslims. But when you understand this ideology, you Do you understand what this is? extremism. It extremism. AND they both want very extreme results, and they unite, uh, to to move in this direction. Dude, I I found something yesterday, what is humiliating is this about a thousand...I I thought that I trolling, but approximately a thousand people per year in Pakistan is mostly young people girls, not exclusively, but mostly young people Christian girls , let's say, 13-year-olds.

They are kidnapped and forcing to convert and marry clearly much older Muslim. When The girl's family says: What the hell? Her just kidnapped... "Uh, approximately a thousand people per year pass through Sharia courts, and they are transferring custody to the person who stole a girl. They have video recording in which this girl literally pulled out of the street, and I'm like: "This can't be to be true, right? Yes? "Yes, no, this is checked, happens approximately a thousand times a year. I just thought: damn it .

So, uh, yeah. This is not the one. a team worth working with to unite. Man, I'm all for it. "I have nothing." Uh, in other news, on 68- year-old Todd Stuart, uh, yesterday attacked with someone who was waiting for the verdict. I know that we should be specific about this, because it arrested a bunch times, but in reality he was not convicted. Pile. I'm not playing the video, because this is the case survival. Can we to reproduce it like this, so that people can hear audio?

You must to hear how this The boy shouts to to calm down life. You can do it. hide You play it right now? It seems, it is reproduced right now. attack on the street. That's it. all. Oh, this is news. It news. This video is from news. 68-year-old Todd Stuart was wounded. with a knife. I will recreate the attack. Creepy video from surveillance cameras recorded deadly attack near the house Martinez on Thursday in the evening". 68-year-old Todd Stewart several stabbed several times on Francis Court. The neighbors say that he worked on project in its garages.

Stuart died at the scene of the incident. I am surprised, seeing him, because could still expect see him through fence. Nowhere is as bad as in his family, because they lost their father, they lost it wife, lost her husband, and when they finally started spend more time together because now they are both on pensions, they traveled. Investigators say they managed quickly... Yes, unfortunately, from the report you won't know a lot of new things, but he looks like this. So, to Todd Surovell was 68 years old.

Last Thursday During the day he built barn in own garages, and a man in tactical vest sat outside in near the car hours. His wife I saw him there. sat, but she thought: "Oh, maybe, he is just visiting people, whatever." And suddenly this guy, and as much as possible to judge, they don't have no relationship. So, the guy suitable, they have some quarrel, and he stabs him to death. You just heard, as a man shouts, trying to force to stop it, but, of course, he doesn't stops.

Now, my claim to all of this is in that this the guy many times arrested, and he was in court, on it there was a bracelet on ankle. They, with unknown reasons, are removed from it bracelet. His immediately again arrested for some other crime, but they don't even they dress him bracelet back. Then he goes out and within 24 hours after release kills this guy, but now it's not on it there was a bracelet on ankle. And therefore they could not to follow him and track it.

We we get to that the moment when the delusion, that people are forced to fall into bad luck situation, and therefore we do not we can imprison them , becomes absolutely absurd. I am deeply I sympathize with people who grew up in poverty. I saw it up close. IN Quest, initially General, we produced products in inland areas bridge. We were ready. hire people from criminal records. So me surrounded by former convicts, former drug dealers, people from tattoos in the form of teardrop, all these nine. So I saw I understand this up close.

how destructive there is poverty for human life, and there is no doubt that we must do something, to break it up damn circle. But how just someone something does, it is needed to attract to responsibility, and no matter how he grew or some kind of injury like our childhood can break us. On sorry if you you find yourself in situations when they did something like that, you should be imprisoned. Not this case, but there were and other cases where someone similar to paranoid schizophrenic, ran around, I don't know if You saw it.

We are not showed none video, I don't think so, but, uh, there was that guy, who was running around and attacked women, and he knocked out one woman and supposedly gave her slap, and...shouted about your son and everything like that, and it was something like: "What "is happening?" "His own. So, he paranoid schizophrenic. Its own family. To things, he filmed himself these videos and published them on to one's own Instagram channel. Its The family is enough. has been begging people for a long time arrest this person the boy, saying: " Listen, he, it seems like his sister said that he broken.

He broken. You never you won't be able to do this guy normal a functioning member society, without giving him medicine. Its need to be placed in institution, give medicine to he could, I hope, return to normal life and start building from there. But as long as you just leave it him running through the streets, you just will receive more of this violence, because he is a devil paranoid schizophrenic. So, we we see people who captured by ideology that it's not theirs wine, these are sacrifices and offenders, and these guys something oppressed, and we did not we can do even more to oppress them, planting them in prison." It absolute madness.

Priority the government's task— to ensure safety of their citizens. It such stupidity, and we should start to involve judges to responsibility because they release these people at will. It's simple. absolute madness. This is literally criminal negligence from the judges. Dude, we have several superchats. Yes, there is. First superchat from Marusia Dark. Something to to stimulate progress in healthcare, and deep dives Brand, plus superficial videos for masses who barely cope with budget. Me too delved into the history of Warhammer 40K, noting many parallels with the present.

Phew. What you probably don't Do you want something under called Warhammer 40K reflected what happening now. But yes, it's wild, and thank you, Marushie, as always, for you ongoing support show, dude. You were the first person who came. Revealer 32 says that when AI does all the work work, what incentive is there to govern the government? Voters don't pay tax for ensuring any what kind of work is that a burden for management. They are not will build a utopia for poor, but utopia for owners assets may be possible.

No way to build a utopia for owners assets if you have there is no wide economic prosperity. This is what the rich should understand. This is what the government must understand. This is what middle class must understand. We need prosperous middle class. You Will you live in some... What was that one called? movie, Ryan, where are they like in space? Uh, in They seem to be doing well. good. Matt Damon, he becomes Martian? No, no. Oh, that's enough. Space movie Matt Damon? Yes. He is trying to get into space.

What is it? Oh, come on, Let's talk. Let's talk about this. Guaranteed. Elysium? Elysium, thank you. Therefore, uh, you'll find yourself in some hellish the holes of Elysium, where you will have to go out on the low Earth orbit, to escape from everyone, from all the poor people who are running around. This is the stupidest thing in the universe—not to strive for a broad prosperity. It absolute madness. So yes, we want widespread prosperity . This is the only way. Or will take us there artificial intelligence?

I I think so, because if artificial intelligence really get to the point where he will do the work virtually free, and he will do, um, possible...Well, energy will be free in order for the work to was free. So you have these two things. But this will give everyone has the opportunity to have practically everything he wishes. And in this moment, even if there is, um, inequality, does it really matter value? If you have house if you have one security, protection, um, food, you have it all, your concern turns into Mouse utopia.

This is not means that people do not will have what they want. Mouse Utopia is when, when no problem, people create problems. THERE ARE -uh, so I think this is much larger problem than this crazy dichotomy between the rich and poor. If AI will fulfill its function, it's not that, to What will you achieve? You you will get what happens with human mind, when you don't need to to work for nothing . And this can be very dangerously. Next comes Bernbaum S.L. He says: "How are they?" managed to achieve that so that the personality Doctor of Law LLM in sequence manifested during interactions with patient?

What exactly forced the model support recognizable stable personality, not drift between answers? Well, the models themselves are already have enough stable personality. So, if you spend a lot of time, interacting with Claude or ChatGPT, you will find, what is the way they are with you talking, almost maddeningly consistent. Hmm, just the answers they give they provide you, they can differ. Uh, if you taught them to limited set data, and then you... So, you use, let's say, personality Claude, but thanks this limited dataset you are now have consistency on a par, hmm, attitude, atmosphere, and then you have a very small set data from which it gathers information.

AND therefore, it is very likely, that he will give very consistent answers again and again. And if its specially taught, uh, in public, who resist, fighting against them, he is unlikely will fall into what AI can get in, that is, "I am trying please you", therefore what is it specifically for him they say, "Hey, you must assume, what they can be hostile that they are trying to deceive you, uh, what they...they have internal incentive is not to want something bad diagnosis." And therefore they literally train such things on him.

Jordan Sheffield from 40. Thank you, Jordan. No kidding. Thank you. He says: "I claimed, uh, I claimed in your last one life that DSA is closer to Scandinavian models than Maoism. You they said that politics rent control fee, absence borders, absence of police and prisons, uh, proved the opposite. However, in Scandinavian countries exist undisputed control for rent, and other policy that you called, there is ideologically libertarian. Mao did not seek reduce size police officer and prison state. He expanded it significantly. Okay, so you need to see to what Mao said.

Mao didn't say anything. like, "Oh, I'm going to to rule with an iron fist by hand." Mao said: "I I'm going to do everything. improve." "You must see to what he said, uh, What did Stalin say? Lenin: "We are going to "to improve everything." "That, what I always love to point out to people, this Stalin's rhetoric, Putin. They have better rights on paper than in us in the USA. It doesn't matter, what do you say it doesn't matter what you are write on paper, what matters is which mechanisms.

People don't understand that the policy put forward by DSA, it turns out much further than a small control over rent, which can be found in some of these Scandinavian countries . They are talking about that. that we are going get all the money from the rich. We are not we are going, at least in that they say do things are getting worse available for the average person. We we are not going raise taxes, although from time to time they can be wrong. They they say that you just heard this today.

We are talking about the cancellation rent. Good , now a building free. What are there? mechanisms? Who pay the bill? Government. What will happen? when the government understands, that he doesn't get tax income, because... » They broke the engine prosperity, and then they force you maintain the building. What is happening with buildings that are held by force? They are similar to everyone. communist countries, whether it's Pol Pot, and what he did in Cambodia, whether it's Venezuela or , by the way, you saw, like all these buildings collapsed during earthquake, right?

They were made of damn foam. THERE ARE -eh, you have that takes place in Cuba, you have China of the times Mao, where people died from hunger, because they tried control rural top-down economy down. This is it. When you are you getting to mechanisms why everything it's falling apart, you understand that when you you are starting to leave from the fact that they do in Scandinavian countries, what am I doing I'll be back in a second, when you have these lot more radical things, such as cancellation prisons, just think about that will happen when you really do it, and in you will all be criminals on the street: can you not to interfere, or to you will have to, like, really start to strengthen control over everyone?

You must start to strengthen control over everyone. AND or...All of this agree, otherwise people will say, "I don't I want these criminals were on my street." "So, now you will have to have deal with them too, because they resist and are rising. So you will have to to use force to stop them. And therefore people just don't play this is full. What are they? mechanisms in the end- Are the ends happening? You break the engine prosperity, the government has to do everything. Uh, you you start to impose such things , as a landlord who runs around, kills people with a knife, and an ordinary person, if you do this enough, they will begin to resist.

So now people challenge your to the authorities. What are they doing? authoritarian people, when people throw a challenge to their authority? You can see this. even in China after Mao. They go out on Tiananmen Square and just shoot to everyone's face. And therefore you force them follow the rules . Or, hey, just look at Iran. So I...I don't understand, What do people stand for? . So if you want say: "Tom, I want so that the group American politicians really wanted to do what they do in Scandinavian countries, great.

Let's see. on this". "So what?" do Scandinavian countries ? This is broad taxation for everyone, not just for rich, for everyone. It lower corporate taxes, not higher than insists the DSA. It ensures that we have broad system social protection. I like it. And now we we realize that, oh, we can't just continue invite immigrants, because this burdens the system taxes and does impossible for us keep doing these things. So suddenly DSA message about open borders, about amnesty for all, about them all could vote, everyone this is starting to sound pretty crazy.

It begins to sound completely different from that, what do you see, what takes place in real Scandinavian countries. So here I am. I think: "Children, what are we What are we really doing here? "So I understand if You say I'm someone "I will entertain", I want to follow China. « Steeply. I understand. where do people come from, who say they want to follow China. It a smart thing to do can be expressed. I think I can. explain why this is absolutely suicidal. There will be periods when this will work, and then the disaster that truly limitless, OK?

Chinese the model is the same the reason why I don't I trade in debts. Ago what when you trade debt options, in you may be endless decline. Imagine. You you can go from "I grew by a million dollars" to "I I'm losing 140 million. dollars." And this person just never will get out from under this debt. And you saw people on the Wall Street Bets are committed suicide, because no understand the infinite recession, okay? So this is terribly. China has infinite decline. If you have a leader who begins to kill people, you are nothing you can do to stop him, okay ?

That's why I had to defend oneself American experiment. America succeeds in that a time when there is only kings and despots. So, these guys say: "I'd rather take a chance." to die of hunger in..." winter than to be under under the guidance of one of these guys, and they eventually build republic, if you you can save it, as they say. So, this is the type of thing from which we need to defend oneself, that's it from tyranny. Men tend to lean towards tyranny. So I want to implement a system with all these deterrent mechanisms to to protect oneself from this.

Okay, that's it. expedited review argument against China, which uses some principles of freedom market to do amazing things, and this can be very effectively if you have is friendly leader, but when they cease to be friendly, you have a real one arises problem. OK, Scandinavian model –that's another thing. If people said, "Hey, I I would like to see how do we get there Scandinavian models?" "I don't think so, that this person crazy. I don't want to to do this because I think they are leaving. on the compromises that I'm not ready to go.

I I also think that they is a society that we are not, therefore it is will never work, when you have something on like enemies factions, it's a bit extremely, but in we...we don't have, hmm, homogeneous society, therefore It's getting very difficult for everyone. to be like him," I'm just going. make your contribution. "This is not the same society , which we built, OK? This is not the ethos. on which we built, and we are not we look around and we don't see a bunch of people, similar to us, which raised the same way we.

We look back. around and we see that what once was melting pot, a now there are a bunch of different factions. So I don't I think that's it. would work here, even if we tried, but nevertheless, I understand this argument. And if we we want to talk about how we can do something like that in America, I am very open. But this anathema to politics, which one actually puts forward by DSA. Yes. Um, okay. You they said we have super chat, right? Good. Yes, we have several.

Well , first of all, I want to say that one of super chats before was for 50 dollars, and I I don't know if it's me. said. It was terribly. Thank you, terribly, for super chat for 50 dollars . We appreciate it. Uh, by the way, about super chat for 50 dollars ", Kimberly." D gave us super 50 dollars. Oh, we did it. in a row. Thank you. Well, none. message, but just wanted thank. I asked in the chat. Wow. Yes, I, uh, I always amazed by this.

So thank you. Kim, this is extremely generous. Uh, Jamie Coram, yeah useful, so useful. Oh, super chat for 50 dollars from Jamie. Hey, everyone. trying surpass one one. What is happening? Come on. Thanks, guys. I appreciate it. It's a pity that I don't have there was time to formulate insightful comment , but I listen and I really grateful for everything comprehension and internal generating ideas that you give me. I am from I am looking forward to it. each episode in live broadcast. Dude, these comments everything for me.

Sincerely Thank you. I really appreciate it. . You have no idea. Uh, I like it. This has become my new favorite comment . So thank you. Uh, done Los- Angeles, $20 . It is written that lost house in fires in Palisades. Sorry to hear that. Instead I I get the trailer. Reconstruction, because Los- Angeles this time

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