US Debt Hits New Levels, China, JPMorgan Harassment  & Friday Funnies | Tom Bilyeu Show Live

Good morning, everybody. Welcome to Good morning, everybody. Welcome to another episode of the Tom Bilyeu show another episode of the Tom Bilyeu show another episode of the Tom Bilyeu show live. We are as live as it gets. Drew, live. We are as live as it gets. Drew, live. We are as live as it gets. Drew, what's up, my man? what's up, my man? what's up, my man? >> Happy Friday, bro. >> Happy Friday, bro. >> Happy Friday, bro. >> Happy Friday. >> Happy Friday. >> Happy Friday. >> We out here. >> We out here. >> We out here. >> People are saying you you hit some nice >> People are saying you you hit some nice >> People are saying you you hit some nice LA traffic on the way in. You know, I LA traffic on the way in. You know, I LA traffic on the way in. You know, I may I get here on time, though. I get may I get here on time, though. I get may I get here on time, though. I get here on time. here on time. here on time. >> They They are calling out it doesn't >> They They are calling out it doesn't >> They They are calling out it doesn't quite look like you. I got a I had a quite look like you. I got a I had a quite look like you. I got a I had a body double do the AI for me. Um Ryan body double do the AI for me. Um Ryan body double do the AI for me. Um Ryan Coogler was my stand-in. Nice. Coogler was my stand-in. Nice. Coogler was my stand-in. Nice. >> You know, only the best only the best >> You know, only the best only the best >> You know, only the best only the best for you guys. Only the best. Tip-top, for you guys. Only the best. Tip-top, for you guys. Only the best. Tip-top, everybody. And speaking of tip-top, the everybody. And speaking of tip-top, the everybody. And speaking of tip-top, the US debt now exceeds 100% of GDP for the US debt now exceeds 100% of GDP for the US debt now exceeds 100% of GDP for the first time since World War II. first time since World War II. first time since World War II. Republicans gave in on the shutdown and Republicans gave in on the shutdown and Republicans gave in on the shutdown and agreed to partial funding of DHS. FISA agreed to partial funding of DHS. FISA agreed to partial funding of DHS. FISA 702 was just extended so the government 702 was just extended so the government 702 was just extended so the government gets to keep illegally spying on you. I gets to keep illegally spying on you. I gets to keep illegally spying on you. I can't believe that one's real. China is can't believe that one's real. China is can't believe that one's real. China is refusing to allow corporations to fire refusing to allow corporations to fire refusing to allow corporations to fire people and replace them with AI as a people and replace them with AI as a people and replace them with AI as a cost-cutting measure and many Americans cost-cutting measure and many Americans cost-cutting measure and many Americans love the idea, but it's going to love the idea, but it's going to love the idea, but it's going to backfire spectacularly. We're going to backfire spectacularly. We're going to backfire spectacularly. We're going to be going into that one. That's probably be going into that one. That's probably be going into that one. That's probably the one I'm most excited to talk about the one I'm most excited to talk about the one I'm most excited to talk about today. A Democratic Socialist is polling today. A Democratic Socialist is polling today. A Democratic Socialist is polling in first place in the LA mayoral race. in first place in the LA mayoral race. in first place in the LA mayoral race. That one's interesting. The more I dig That one's interesting. The more I dig That one's interesting. The more I dig into her policies, she's a mixed bag. into her policies, she's a mixed bag. into her policies, she's a mixed bag. So, this one's not only negative. So, this one's not only negative. So, this one's not only negative. That'll be fun to talk about. Rand Paul That'll be fun to talk about. Rand Paul That'll be fun to talk about. Rand Paul is going after Fauci. Man, if we've got is going after Fauci. Man, if we've got is going after Fauci. Man, if we've got any any any uh COVID people in the house, uh COVID people in the house, uh COVID people in the house, >> [snorts] >> [snorts] >> [snorts] >> yeah, Rand Paul's going after Fauci for >> yeah, Rand Paul's going after Fauci for >> yeah, Rand Paul's going after Fauci for his COVID-related crimes. He's going his COVID-related crimes. He's going his COVID-related crimes. He's going pretty hard in the paint. He's also pretty hard in the paint. He's also pretty hard in the paint. He's also trying to end birthright citizenship, so trying to end birthright citizenship, so trying to end birthright citizenship, so I'll be interested to see if there's I'll be interested to see if there's I'll be interested to see if there's alignment for people on that one or if alignment for people on that one or if alignment for people on that one or if that splits people down the middle. that splits people down the middle. that splits people down the middle. Texas is out here showing the world that Texas is out here showing the world that Texas is out here showing the world that deregulation deregulation deregulation in housing does indeed work. Deregulate, in housing does indeed work. Deregulate, in housing does indeed work. Deregulate, deregulate, that's going to be a key deregulate, that's going to be a key deregulate, that's going to be a key thing. And Bryan Johnson has gone thing. And Bryan Johnson has gone thing. And Bryan Johnson has gone hyper-viral for a post about taste hyper-viral for a post about taste hyper-viral for a post about taste testing his girl's most holy of holy testing his girl's most holy of holy testing his girl's most holy of holy microbiomes. microbiomes. microbiomes. Wild. If you guys were on X last night, Wild. If you guys were on X last night, Wild. If you guys were on X last night, woo, buddy, you got a mouthful of woo, buddy, you got a mouthful of woo, buddy, you got a mouthful of something wild. It was a crazy time. something wild. It was a crazy time. something wild. It was a crazy time. That's going to be like the new flicks That's going to be like the new flicks That's going to be like the new flicks now? Like, yeah, my girl got 99% biomes. now? Like, yeah, my girl got 99% biomes. >> [laughter] >> Yeah, like >> Yeah, like >> Yeah, like >> Yeah, it's like >> Yeah, it's like >> Yeah, it's like >> 1%. It was crazy. It was crazy. I'm >> 1%. It was crazy. It was crazy. I'm >> 1%. It was crazy. It was crazy. I'm obviously being coy for a reason, just obviously being coy for a reason, just obviously being coy for a reason, just in case. Every now and then I'll get in case. Every now and then I'll get in case. Every now and then I'll get somebody and this means actually a lot somebody and this means actually a lot somebody and this means actually a lot to me. I'll get somebody who's like, to me. I'll get somebody who's like, to me. I'll get somebody who's like, "Hey, man, I'm 12. I found your content. "Hey, man, I'm 12. I found your content. "Hey, man, I'm 12. I found your content. I'm, you know, taking this or that on I'm, you know, taking this or that on I'm, you know, taking this or that on board." And it's very cool and I feel a board." And it's very cool and I feel a board." And it's very cool and I feel a huge sense of responsibility uh to be a huge sense of responsibility uh to be a huge sense of responsibility uh to be a positive impact. I won't even say positive impact. I won't even say positive impact. I won't even say influence, but a positive impact on influence, but a positive impact on influence, but a positive impact on people's uh lives when they're young. I people's uh lives when they're young. I people's uh lives when they're young. I think that's incredibly meaningful. So, think that's incredibly meaningful. So, think that's incredibly meaningful. So, I'll be a little bit coy so the parents I'll be a little bit coy so the parents I'll be a little bit coy so the parents don't uh feel too bad, though. I know don't uh feel too bad, though. I know don't uh feel too bad, though. I know that I can be unhinged later in the that I can be unhinged later in the that I can be unhinged later in the show, for sure. show, for sure. show, for sure. Um but that one was wild. The Bryan Um but that one was wild. The Bryan Um but that one was wild. The Bryan Johnson thing was wild. Johnson thing was wild. Johnson thing was wild. >> That That's hilarious. But, okay, we got >> That That's hilarious. But, okay, we got >> That That's hilarious. But, okay, we got to start it. Um you are king to start it. Um you are king to start it. Um you are king and uh king balanced the budget. Right and uh king balanced the budget. Right and uh king balanced the budget. Right now, we have a devastating stat that the now, we have a devastating stat that the now, we have a devastating stat that the US has officially has more debt than US has officially has more debt than US has officially has more debt than their GDP. I know we always talk about their GDP. I know we always talk about their GDP. I know we always talk about US debt, but this one's a little bit US debt, but this one's a little bit US debt, but this one's a little bit different. So, give us the clarification different. So, give us the clarification different. So, give us the clarification on what actually this 100% thing means. on what actually this 100% thing means. on what actually this 100% thing means. Yeah. Yeah. Yeah. All right. For the first time since the All right. For the first time since the All right. For the first time since the year we won World War II, America now year we won World War II, America now year we won World War II, America now owes more in debt than it produces in a owes more in debt than it produces in a owes more in debt than it produces in a year. year. year. For anybody that's not sure about the For anybody that's not sure about the For anybody that's not sure about the difference, I talk often times about us difference, I talk often times about us difference, I talk often times about us being at 120% debt to GDP. The number being at 120% debt to GDP. The number being at 120% debt to GDP. The number that we're talking about today is just that we're talking about today is just that we're talking about today is just the debt owned uh owed to the public. the debt owned uh owed to the public. the debt owned uh owed to the public. So, you've got intradepartmental debt So, you've got intradepartmental debt So, you've got intradepartmental debt that gives you the higher number and that gives you the higher number and that gives you the higher number and this lower number, which we're going to this lower number, which we're going to this lower number, which we're going to talk more about, uh is just the debt talk more about, uh is just the debt talk more about, uh is just the debt that's owed to the public. So, our debt that's owed to the public. So, our debt that's owed to the public. So, our debt now really does exceed our GDP and this now really does exceed our GDP and this now really does exceed our GDP and this time we can't blame it on needing to time we can't blame it on needing to time we can't blame it on needing to save the world from the Nazis. The save the world from the Nazis. The save the world from the Nazis. The current debt held by the public hit current debt held by the public hit current debt held by the public hit $31.27 $31.27 $31.27 trillion against a GDP of just $31.22 trillion against a GDP of just $31.22 trillion against a GDP of just $31.22 trillion. So, we're now at 100.2%. trillion. So, we're now at 100.2%. trillion. So, we're now at 100.2%. The all-time record was 106%, which we The all-time record was 106%, which we The all-time record was 106%, which we hit back in 1946. hit back in 1946. hit back in 1946. Now, you guys will be excited to know Now, you guys will be excited to know Now, you guys will be excited to know that we're set to break that record by that we're set to break that record by that we're set to break that record by 2030 and we're expected to hit 120% by 2030 and we're expected to hit 120% by 2030 and we're expected to hit 120% by 2036, 2036, 2036, which would be catastrophic, by the way. which would be catastrophic, by the way. which would be catastrophic, by the way. And if we keep going in that range, you And if we keep going in that range, you And if we keep going in that range, you will have long past the 130% as you will have long past the 130% as you will have long past the 130% as you broaden out to that bigger number that I broaden out to that bigger number that I broaden out to that bigger number that I was just explaining. Uh so, yeah, if we was just explaining. Uh so, yeah, if we was just explaining. Uh so, yeah, if we don't right course, you can expect don't right course, you can expect don't right course, you can expect something very bad to happen to be something very bad to happen to be something very bad to happen to be measured in human casualty and blood. measured in human casualty and blood. measured in human casualty and blood. Now, when you're spending Now, when you're spending Now, when you're spending the money like that to beat the axis of the money like that to beat the axis of the money like that to beat the axis of evil, you can kind of justify the cost. evil, you can kind of justify the cost. evil, you can kind of justify the cost. But, when you're doing it to support But, when you're doing it to support But, when you're doing it to support fraud, fraud, fraud, an absolutely staggeringly large an absolutely staggeringly large an absolutely staggeringly large government bureaucracy, and we'll call government bureaucracy, and we'll call government bureaucracy, and we'll call it an optional war, it gets a lot harder it an optional war, it gets a lot harder it an optional war, it gets a lot harder to justify and it will eventually break to justify and it will eventually break to justify and it will eventually break the US economy. Now, I know I beat this the US economy. Now, I know I beat this the US economy. Now, I know I beat this drum a lot, but the world really isn't drum a lot, but the world really isn't drum a lot, but the world really isn't getting it. Uh so, by way of arming all getting it. Uh so, by way of arming all getting it. Uh so, by way of arming all of us with the things that we need to be of us with the things that we need to be of us with the things that we need to be able to repeat ad nauseam so the people able to repeat ad nauseam so the people able to repeat ad nauseam so the people actually understand what's going on, actually understand what's going on, actually understand what's going on, uh the economy works on physics. So, if uh the economy works on physics. So, if uh the economy works on physics. So, if we are we are we are exceeding our GDP, which you can think exceeding our GDP, which you can think exceeding our GDP, which you can think of as our ability to pay it back, so our of as our ability to pay it back, so our of as our ability to pay it back, so our debt has is now so far outpacing what debt has is now so far outpacing what debt has is now so far outpacing what we're actually going to be able to pay we're actually going to be able to pay we're actually going to be able to pay it back. We won't be able to pay it back it back. We won't be able to pay it back it back. We won't be able to pay it back and so there's a very specific way that and so there's a very specific way that and so there's a very specific way that this is going to play out, uh which is this is going to play out, uh which is this is going to play out, uh which is exactly, by the way, what happened after exactly, by the way, what happened after exactly, by the way, what happened after World War II. The way that you have to World War II. The way that you have to World War II. The way that you have to pay your debt back when it starts pay your debt back when it starts pay your debt back when it starts getting that big is something called getting that big is something called getting that big is something called financial repression. I actually have a financial repression. I actually have a financial repression. I actually have a deep dive coming out on Kevin Warsh's deep dive coming out on Kevin Warsh's deep dive coming out on Kevin Warsh's approach, which I think is going to be approach, which I think is going to be approach, which I think is going to be financial repression. financial repression. financial repression. Uh so, Uh so, Uh so, more coming. Now, without an AI more coming. Now, without an AI more coming. Now, without an AI productivity miracle that creates productivity miracle that creates productivity miracle that creates excessively high-paying jobs, if we try excessively high-paying jobs, if we try excessively high-paying jobs, if we try to use the financial repression that we to use the financial repression that we to use the financial repression that we used at the end of World War II to dig used at the end of World War II to dig used at the end of World War II to dig our way out of this, we're only going to our way out of this, we're only going to our way out of this, we're only going to further eviscerate the middle class. If further eviscerate the middle class. If further eviscerate the middle class. If you want to understand the political you want to understand the political you want to understand the political violence that is on the rise, it is violence that is on the rise, it is violence that is on the rise, it is because the middle class has been because the middle class has been because the middle class has been abused. So, to take this path, which is abused. So, to take this path, which is abused. So, to take this path, which is the only real path before us. The the only real path before us. The the only real path before us. The other's what's known as an honest other's what's known as an honest other's what's known as an honest default. That has its own problems. But, default. That has its own problems. But, default. That has its own problems. But, this is a soft default of um creating this is a soft default of um creating this is a soft default of um creating the financial repression, which we can the financial repression, which we can the financial repression, which we can get into the specifics of. If Drew asks get into the specifics of. If Drew asks get into the specifics of. If Drew asks follow-up questions, I certainly have uh follow-up questions, I certainly have uh follow-up questions, I certainly have uh the answers for you, but the answers for you, but the answers for you, but as of today, there's nothing that's as of today, there's nothing that's as of today, there's nothing that's being proposed other than that. being proposed other than that. being proposed other than that. Um Um Um what Kevin Warsh is talking about is what Kevin Warsh is talking about is what Kevin Warsh is talking about is more financial repression. He's not more financial repression. He's not more financial repression. He's not saying that, but that if you just read saying that, but that if you just read saying that, but that if you just read between the lines, it's very obvious between the lines, it's very obvious between the lines, it's very obvious that that's what he's actually going to that that's what he's actually going to that that's what he's actually going to do. Um now, he's also counting on the AI do. Um now, he's also counting on the AI do. Um now, he's also counting on the AI productivity miracle, but I think at productivity miracle, but I think at productivity miracle, but I think at this point that's best understood as this point that's best understood as this point that's best understood as hopium. Look, I'm a huge believer in AI. hopium. Look, I'm a huge believer in AI. hopium. Look, I'm a huge believer in AI. A huge believer in AI. However, until A huge believer in AI. However, until A huge believer in AI. However, until you actually see that coming through uh you actually see that coming through uh you actually see that coming through uh in the actual economic data, counting on in the actual economic data, counting on in the actual economic data, counting on that before it happens, I think is that before it happens, I think is that before it happens, I think is extraordinarily high risk. And the extraordinarily high risk. And the extraordinarily high risk. And the unambiguously horrifying debt number unambiguously horrifying debt number unambiguously horrifying debt number that we're all being strangled to death that we're all being strangled to death that we're all being strangled to death by by by is due to what the Committee for is due to what the Committee for is due to what the Committee for Responsible Federal Budget has rightly Responsible Federal Budget has rightly Responsible Federal Budget has rightly called a total bipartisan called a total bipartisan called a total bipartisan abdication of making hard choices, which abdication of making hard choices, which abdication of making hard choices, which I think is a brilliant way to sum up I think is a brilliant way to sum up I think is a brilliant way to sum up what is actually going on. We have all what is actually going on. We have all what is actually going on. We have all got to snap out of our stupor and got to snap out of our stupor and got to snap out of our stupor and realize that the interest alone is going realize that the interest alone is going realize that the interest alone is going to eat us alive. Meaning, cuz that's uh to eat us alive. Meaning, cuz that's uh to eat us alive. Meaning, cuz that's uh it's a hyperbolic statement that it's a hyperbolic statement that it's a hyperbolic statement that abstracts what's really going to happen. abstracts what's really going to happen. abstracts what's really going to happen. It's going to make it impossible for the It's going to make it impossible for the It's going to make it impossible for the government to function at the level that government to function at the level that government to function at the level that it is now. The credit markets will it is now. The credit markets will it is now. The credit markets will seize. The eurodollar market, which seize. The eurodollar market, which seize. The eurodollar market, which basically allows the global economy to basically allows the global economy to basically allows the global economy to run, will falter. You get inflation. run, will falter. You get inflation. run, will falter. You get inflation. I'll stop shy of calling it I'll stop shy of calling it I'll stop shy of calling it hyperinflation, but you're going to hyperinflation, but you're going to hyperinflation, but you're going to continue to get the kind of inflation continue to get the kind of inflation continue to get the kind of inflation that is so destructive to savers um that that is so destructive to savers um that that is so destructive to savers um that you create real long-term problems for you create real long-term problems for you create real long-term problems for yourself. Now, the federal government yourself. Now, the federal government yourself. Now, the federal government right now is going to be spending right now is going to be spending right now is going to be spending roughly a trillion dollars in net roughly a trillion dollars in net roughly a trillion dollars in net interest in fiscal year 2026 alone, interest in fiscal year 2026 alone, interest in fiscal year 2026 alone, making it I think it's the second making it I think it's the second making it I think it's the second biggest line item on the budget right biggest line item on the budget right biggest line item on the budget right now. That is insane. now. That is insane. now. That is insane. A full 14% of every dollar that A full 14% of every dollar that A full 14% of every dollar that Washington spends goes to just servicing Washington spends goes to just servicing Washington spends goes to just servicing the debt. Not paying it off, just paying the debt. Not paying it off, just paying the debt. Not paying it off, just paying the interest. More than one in seven the interest. More than one in seven the interest. More than one in seven federal dollars is going to service the federal dollars is going to service the federal dollars is going to service the debt. That is bananas. debt. That is bananas. debt. That is bananas. And the number gets worse every month And the number gets worse every month And the number gets worse every month because trillions were issued at near because trillions were issued at near because trillions were issued at near zero rates back when we were at zero rates back when we were at zero rates back when we were at essentially zero interest. But, all of essentially zero interest. But, all of essentially zero interest. But, all of that is going to be rolled over at 4 and that is going to be rolled over at 4 and that is going to be rolled over at 4 and 5%, 5%, 5%, which is going to be absolutely which is going to be absolutely which is going to be absolutely crippling. crippling. crippling. That's a kill box that we've essentially That's a kill box that we've essentially That's a kill box that we've essentially navigated our way into and the Fed navigated our way into and the Fed navigated our way into and the Fed cannot hold rates high without cannot hold rates high without cannot hold rates high without bankrupting the Treasury. So, they are bankrupting the Treasury. So, they are bankrupting the Treasury. So, they are going to find a way to cut. They will going to find a way to cut. They will going to find a way to cut. They will print. They will use financial print. They will use financial print. They will use financial repression. The inflation cycle is repression. The inflation cycle is repression. The inflation cycle is already eating already eating already eating all of our all of our all of our uh purchasing power, but it's affecting uh purchasing power, but it's affecting uh purchasing power, but it's affecting the middle class and the working class the middle class and the working class the middle class and the working class the most. It is the thing that is the most. It is the thing that is the most. It is the thing that is driving the populist division as it driving the populist division as it driving the populist division as it always does. And the only real way to always does. And the only real way to always does. And the only real way to begin digging ourselves out of this is begin digging ourselves out of this is begin digging ourselves out of this is an absolutely horrifying strategy. And an absolutely horrifying strategy. And an absolutely horrifying strategy. And by the way, if we really want to solve by the way, if we really want to solve by the way, if we really want to solve the problem, this is where I imagine the problem, this is where I imagine the problem, this is where I imagine myself holding the mic out to you guys myself holding the mic out to you guys myself holding the mic out to you guys to sing along, we have to balance the to sing along, we have to balance the to sing along, we have to balance the budget. We have to balance the budget. budget. We have to balance the budget. budget. We have to balance the budget. If you don't see people balancing the If you don't see people balancing the If you don't see people balancing the budget, just know that the problem is budget, just know that the problem is budget, just know that the problem is there. You don't even have to understand there. You don't even have to understand there. You don't even have to understand the way the economy works. You just have the way the economy works. You just have the way the economy works. You just have to know, is the budget balanced? Because to know, is the budget balanced? Because to know, is the budget balanced? Because if the budget isn't balanced, you have if the budget isn't balanced, you have if the budget isn't balanced, you have an ongoing problem. an ongoing problem. an ongoing problem. And uh there are growing voices on X And uh there are growing voices on X And uh there are growing voices on X that are coming after me because they that are coming after me because they that are coming after me because they think I don't understand the economy, think I don't understand the economy, think I don't understand the economy, which is hilarious. It is impossible to which is hilarious. It is impossible to which is hilarious. It is impossible to say something that details every element say something that details every element say something that details every element of the economy in any single tweet, boys of the economy in any single tweet, boys of the economy in any single tweet, boys and girls. Uh but yeah, I am not sure and girls. Uh but yeah, I am not sure and girls. Uh but yeah, I am not sure where they think this goes. So, oh jeez. where they think this goes. So, oh jeez. where they think this goes. So, oh jeez. >> you should have pulled up that tweet, >> you should have pulled up that tweet, >> you should have pulled up that tweet, man. We could man. We could man. We could >> Here's the thing, I did. I actually fed >> Here's the thing, I did. I actually fed >> Here's the thing, I did. I actually fed a troll yesterday and I was like, why am a troll yesterday and I was like, why am a troll yesterday and I was like, why am I doing this? Uh so, anyway, it it is I doing this? Uh so, anyway, it it is I doing this? Uh so, anyway, it it is exactly like the thing where people are exactly like the thing where people are exactly like the thing where people are pushing the meme of me saying if you pushing the meme of me saying if you pushing the meme of me saying if you aren't going to have kids, you better aren't going to have kids, you better aren't going to have kids, you better have a damn good reason without any have a damn good reason without any have a damn good reason without any context and explaining why I said that. context and explaining why I said that. context and explaining why I said that. Uh yeah, it's the same thing. It Uh yeah, it's the same thing. It Uh yeah, it's the same thing. It it doesn't matter. It doesn't matter. it doesn't matter. It doesn't matter. it doesn't matter. It doesn't matter. You just have to keep messaging what is You just have to keep messaging what is You just have to keep messaging what is true. No, got you. Um okay, so let's true. No, got you. Um okay, so let's true. No, got you. Um okay, so let's just do some checkpoints real quick. So, just do some checkpoints real quick. So, just do some checkpoints real quick. So, US debt more than 100% of GDP. The US debt more than 100% of GDP. The US debt more than 100% of GDP. The equivalent of everybody in my household, equivalent of everybody in my household, equivalent of everybody in my household, our total credit card debt is more than our total credit card debt is more than our total credit card debt is more than what we all make in a year. Yeah. Nice what we all make in a year. Yeah. Nice what we all make in a year. Yeah. Nice easy way easy way easy way >> Yeah, sure. Sure hit. Okay, cool. And >> Yeah, sure. Sure hit. Okay, cool. And >> Yeah, sure. Sure hit. Okay, cool. And then from that perspective, when this then from that perspective, when this then from that perspective, when this debt gets higher, is it that one, debt gets higher, is it that one, debt gets higher, is it that one, bailouts happen, which means deficit bailouts happen, which means deficit bailouts happen, which means deficit print spending, or would it be print spending, or would it be print spending, or would it be individual bankruptcies that won't individual bankruptcies that won't individual bankruptcies that won't necessarily get pushed up to the federal necessarily get pushed up to the federal necessarily get pushed up to the federal level? No, no. So, the you're thinking level? No, no. So, the you're thinking level? No, no. So, the you're thinking about private debt. So, private debt is about private debt. So, private debt is about private debt. So, private debt is where where where if you start looking at the total debt, if you start looking at the total debt, if you start looking at the total debt, dude, it is psychotic. I'm not even dude, it is psychotic. I'm not even dude, it is psychotic. I'm not even asking people to take that on cuz you've asking people to take that on cuz you've asking people to take that on cuz you've got all of the responsibilities that we got all of the responsibilities that we got all of the responsibilities that we have to like pensioners, for instance. have to like pensioners, for instance. have to like pensioners, for instance. That's a staggering number that nobody That's a staggering number that nobody That's a staggering number that nobody talks about. You've got what we're all talks about. You've got what we're all talks about. You've got what we're all holding in private credit card debt. holding in private credit card debt. holding in private credit card debt. That's a totally separate number. You've That's a totally separate number. You've That's a totally separate number. You've got corporate debt. These are all got corporate debt. These are all got corporate debt. These are all separate numbers. So, we're just talking separate numbers. So, we're just talking separate numbers. So, we're just talking about the what does the US government about the what does the US government about the what does the US government has sold a bunch of treasuries to raise has sold a bunch of treasuries to raise has sold a bunch of treasuries to raise debt to deficit spend. Yes, that's a debt to deficit spend. Yes, that's a debt to deficit spend. Yes, that's a simplification. simplification. simplification. I'm well aware. Uh but to get people the I'm well aware. Uh but to get people the I'm well aware. Uh but to get people the ability to wrap their head around this ability to wrap their head around this ability to wrap their head around this and understand what's going on, and understand what's going on, and understand what's going on, they've sold a bunch of treasuries to they've sold a bunch of treasuries to they've sold a bunch of treasuries to people, not just Americans, but largely people, not just Americans, but largely people, not just Americans, but largely Americans, Americans, Americans, to people and governments and central to people and governments and central to people and governments and central banks all around the world. And that is banks all around the world. And that is banks all around the world. And that is the only part of the debt that we're the only part of the debt that we're the only part of the debt that we're talking about that has now exceeded GDP. talking about that has now exceeded GDP. talking about that has now exceeded GDP. Got you. Okay. Got you. Okay. Got you. Okay. Um and then I pulled I looked up CalSHI Um and then I pulled I looked up CalSHI Um and then I pulled I looked up CalSHI real quick cuz you kept saying like real quick cuz you kept saying like real quick cuz you kept saying like would the Fed artificially hold rates, would the Fed artificially hold rates, would the Fed artificially hold rates, would they cut? Right now, it's a 94 94% would they cut? Right now, it's a 94 94% would they cut? Right now, it's a 94 94% chance that it remains the same. Uh chance that it remains the same. Uh chance that it remains the same. Uh >> Over what period of time, though? Um >> Over what period of time, though? Um >> Over what period of time, though? Um this is it for the next decision that this is it for the next decision that this is it for the next decision that will be happening in Got it. Yeah, yeah. will be happening in Got it. Yeah, yeah. will be happening in Got it. Yeah, yeah. Yeah. Um listening to Jerome Powell do Yeah. Um listening to Jerome Powell do Yeah. Um listening to Jerome Powell do his last address, he was leaning on the his last address, he was leaning on the his last address, he was leaning on the neutral side. We're not trying to keep neutral side. We're not trying to keep neutral side. We're not trying to keep rates high or push them up. We're just rates high or push them up. We're just rates high or push them up. We're just trying to wait and see what happens. trying to wait and see what happens. trying to wait and see what happens. That Okay, just keep in mind, every word That Okay, just keep in mind, every word That Okay, just keep in mind, every word out of Jerome Powell's mouth is just out of Jerome Powell's mouth is just out of Jerome Powell's mouth is just like, okay, what do I need to say to like, okay, what do I need to say to like, okay, what do I need to say to keep everybody nice and calm? Like, keep everybody nice and calm? Like, keep everybody nice and calm? Like, that's it. He's not trying to indicate that's it. He's not trying to indicate that's it. He's not trying to indicate what he actually believes to be true. what he actually believes to be true. what he actually believes to be true. I'm not even sure that's his job when it I'm not even sure that's his job when it I'm not even sure that's his job when it comes to messaging. His job really is to comes to messaging. His job really is to comes to messaging. His job really is to keep people calm. So, one of the things keep people calm. So, one of the things keep people calm. So, one of the things Kevin Warsh is talking about doing away Kevin Warsh is talking about doing away Kevin Warsh is talking about doing away with is that. This like whole weird with is that. This like whole weird with is that. This like whole weird messaging thing that we do to try to messaging thing that we do to try to messaging thing that we do to try to soothe everybody. And so, um I uh men, soothe everybody. And so, um I uh men, soothe everybody. And so, um I uh men, chat, please correct me if I'm wrong chat, please correct me if I'm wrong chat, please correct me if I'm wrong here, but I think he wants to get rid of here, but I think he wants to get rid of here, but I think he wants to get rid of the dot plot. And so, the dot plot is the dot plot. And so, the dot plot is the dot plot. And so, the dot plot is all the different people on the Fed all the different people on the Fed all the different people on the Fed committee saying, well, this is where I committee saying, well, this is where I committee saying, well, this is where I think it's going. This is where I think think it's going. This is where I think think it's going. This is where I think it's going. That way you can sort of it's going. That way you can sort of it's going. That way you can sort of get, okay, this is where they as a get, okay, this is where they as a get, okay, this is where they as a collective think it's going. So, you can collective think it's going. So, you can collective think it's going. So, you can have outliers, opens up discussion. I have outliers, opens up discussion. I have outliers, opens up discussion. I think he wants to get rid of all that think he wants to get rid of all that think he wants to get rid of all that and just um really start and just um really start and just um really start I haven't thought a lot about this, but I haven't thought a lot about this, but I haven't thought a lot about this, but my initial instinct is part of what he my initial instinct is part of what he my initial instinct is part of what he wants to do is stop being beholden to wants to do is stop being beholden to wants to do is stop being beholden to managing people's expectations and just managing people's expectations and just managing people's expectations and just like go heads down and uh manipulate the like go heads down and uh manipulate the like go heads down and uh manipulate the economy. economy. economy. >> [clears throat] >> [clears throat] >> [clears throat] >> And then it's like, what happens >> And then it's like, what happens >> And then it's like, what happens happens. I don't There's not a way happens. I don't There's not a way happens. I don't There's not a way around it. Like, speculators are going around it. Like, speculators are going around it. Like, speculators are going to speculate, and that speculation is to speculate, and that speculation is to speculate, and that speculation is going to have a tremendous impact on the going to have a tremendous impact on the going to have a tremendous impact on the economy. There's no way that that is the economy. There's no way that that is the economy. There's no way that that is the nature of markets. Um so, yeah, I don't nature of markets. Um so, yeah, I don't nature of markets. Um so, yeah, I don't see a way around that. So, anyway, I see a way around that. So, anyway, I see a way around that. So, anyway, I have not thought a lot about that. Full have not thought a lot about that. Full have not thought a lot about that. Full disclosure, that one on inspection, I disclosure, that one on inspection, I disclosure, that one on inspection, I may say, oh, there's actually something may say, oh, there's actually something may say, oh, there's actually something brilliant here, but brilliant here, but brilliant here, but uh my initial reaction is not that. uh my initial reaction is not that. uh my initial reaction is not that. Okay, then with but based on the Okay, then with but based on the Okay, then with but based on the research that you did for the deep dive research that you did for the deep dive research that you did for the deep dive and kind of what you just told us now and kind of what you just told us now and kind of what you just told us now about it, are you optimistic that we'll about it, are you optimistic that we'll about it, are you optimistic that we'll be able to control inflation? I know be able to control inflation? I know be able to control inflation? I know there might be some deficit spending, I there might be some deficit spending, I there might be some deficit spending, I know things, but are you at least know things, but are you at least know things, but are you at least confident in the Fed that they'll be confident in the Fed that they'll be confident in the Fed that they'll be able to not drive us completely off the able to not drive us completely off the able to not drive us completely off the cliff right now. We still have some time cliff right now. We still have some time cliff right now. We still have some time to maneuver and I think financial to maneuver and I think financial to maneuver and I think financial repression is best understood as repression is best understood as repression is best understood as chemotherapy. And will we get chemotherapy. And will we get chemotherapy. And will we get extraordinarily extraordinarily extraordinarily sick as we go through this? Yes, 100%. sick as we go through this? Yes, 100%. sick as we go through this? Yes, 100%. My quick explanation of what financial My quick explanation of what financial My quick explanation of what financial repression is, financial repression is repression is, financial repression is repression is, financial repression is where the interest rates that are being where the interest rates that are being where the interest rates that are being paid out are in real terms, they're paid out are in real terms, they're paid out are in real terms, they're negative. Meaning, the interest rate negative. Meaning, the interest rate negative. Meaning, the interest rate being paid out is lower than inflation. being paid out is lower than inflation. being paid out is lower than inflation. So, if you buy treasuries, you're going So, if you buy treasuries, you're going So, if you buy treasuries, you're going to get a negative real return. So, they to get a negative real return. So, they to get a negative real return. So, they do it on purpose. They know they're do it on purpose. They know they're do it on purpose. They know they're doing it. This is not Obviously, they doing it. This is not Obviously, they doing it. This is not Obviously, they want the general public to think this is want the general public to think this is want the general public to think this is all just a law of nature, but they're all just a law of nature, but they're all just a law of nature, but they're they're actively doing it through they're actively doing it through they're actively doing it through policy. And so, right now, they've built policy. And so, right now, they've built policy. And so, right now, they've built up this captive demand for treasuries up this captive demand for treasuries up this captive demand for treasuries through a couple different policy through a couple different policy through a couple different policy things. things. things. Uh one of them being the genius act. Uh one of them being the genius act. Uh one of them being the genius act. Another one being these regulations that Another one being these regulations that Another one being these regulations that were were were from where I'm sitting are kind of from where I'm sitting are kind of from where I'm sitting are kind of obscure. People that are like deep deep obscure. People that are like deep deep obscure. People that are like deep deep deep in the economy would be like, well, deep in the economy would be like, well, deep in the economy would be like, well, you you think that's obscure? That's you you think that's obscure? That's you you think that's obscure? That's like really mainstream stuff. But the like really mainstream stuff. But the like really mainstream stuff. But the average person's not going to know what average person's not going to know what average person's not going to know what it is. Um but they've made some changes it is. Um but they've made some changes it is. Um but they've made some changes to that. It's banking regulations about to that. It's banking regulations about to that. It's banking regulations about the ratio of assets that banks have to the ratio of assets that banks have to the ratio of assets that banks have to or sorry, cash on hands versus assets or sorry, cash on hands versus assets or sorry, cash on hands versus assets that they hold that they have to keep that they hold that they have to keep that they hold that they have to keep for emergencies, aka bank runs. And so, for emergencies, aka bank runs. And so, for emergencies, aka bank runs. And so, they've allowed now banks to take bigger they've allowed now banks to take bigger they've allowed now banks to take bigger risk. Now, by allowing banks to take risk. Now, by allowing banks to take risk. Now, by allowing banks to take bigger risk, that frees up tens, if not bigger risk, that frees up tens, if not bigger risk, that frees up tens, if not hundreds of billions of dollars. I can't hundreds of billions of dollars. I can't hundreds of billions of dollars. I can't remember the exact number, but I think remember the exact number, but I think remember the exact number, but I think it's in the neighborhood of like 150 it's in the neighborhood of like 150 it's in the neighborhood of like 150 billion immediately freed up. billion immediately freed up. billion immediately freed up. Now, there are regulations, though, that Now, there are regulations, though, that Now, there are regulations, though, that dictate dictate dictate how banks what kind of assets banks can how banks what kind of assets banks can how banks what kind of assets banks can hold to still be in good standing. hold to still be in good standing. hold to still be in good standing. Those assets are basically US Those assets are basically US Those assets are basically US treasuries. So, they're like, okay, treasuries. So, they're like, okay, treasuries. So, they're like, okay, we're going to let you take more risk. we're going to let you take more risk. we're going to let you take more risk. It essentially is going to force you It essentially is going to force you It essentially is going to force you into buying treasuries. And then when into buying treasuries. And then when into buying treasuries. And then when you're in treasuries, we're going to you're in treasuries, we're going to you're in treasuries, we're going to financially repress you, and you're financially repress you, and you're financially repress you, and you're going to be losing money. You just won't going to be losing money. You just won't going to be losing money. You just won't lose money as rapidly as you would if lose money as rapidly as you would if lose money as rapidly as you would if you just held cash. So, it's it's one of you just held cash. So, it's it's one of you just held cash. So, it's it's one of those things where think of it as those things where think of it as those things where think of it as chemotherapy. It's going to make us all chemotherapy. It's going to make us all chemotherapy. It's going to make us all very sick cuz it's going to inflate the very sick cuz it's going to inflate the very sick cuz it's going to inflate the currency, which is going to hurt the currency, which is going to hurt the currency, which is going to hurt the working and middle class. working and middle class. working and middle class. And it'll be a race, just like And it'll be a race, just like And it'll be a race, just like chemotherapy is. Does the chemo kill the chemotherapy is. Does the chemo kill the chemotherapy is. Does the chemo kill the patient or does it kill the cancer just patient or does it kill the cancer just patient or does it kill the cancer just enough that you end up living longer enough that you end up living longer enough that you end up living longer than you would have lived from the than you would have lived from the than you would have lived from the cancer. But the chemo's really going to cancer. But the chemo's really going to cancer. But the chemo's really going to hurt you. So, the in this case, the hurt you. So, the in this case, the hurt you. So, the in this case, the cancer is the inflation. The cancer is the inflation. The cancer is the inflation. The chemotherapy is pushing us more towards chemotherapy is pushing us more towards chemotherapy is pushing us more towards revolution. So, which is going to kill revolution. So, which is going to kill revolution. So, which is going to kill you first? Just the absolute default you first? Just the absolute default you first? Just the absolute default because your interest rates are getting because your interest rates are getting because your interest rates are getting so out of hand, your inflation is so out of hand, your inflation is so out of hand, your inflation is getting so out of hand. Um so, it it's getting so out of hand. Um so, it it's getting so out of hand. Um so, it it's you're going to be hurt by one or both you're going to be hurt by one or both you're going to be hurt by one or both of them. And I just don't know which is of them. And I just don't know which is of them. And I just don't know which is going to kill us first. Will people be going to kill us first. Will people be going to kill us first. Will people be so unable to buy so unable to buy so unable to buy Taco Bell that they revolt? Uh or will Taco Bell that they revolt? Uh or will Taco Bell that they revolt? Uh or will we get to the point where um we've just we get to the point where um we've just we get to the point where um we've just done so much damage to the currency that done so much damage to the currency that done so much damage to the currency that as a government, we just we are forced as a government, we just we are forced as a government, we just we are forced into austerity and or hyperinflation. into austerity and or hyperinflation. into austerity and or hyperinflation. Either one is going to be a death knell. Either one is going to be a death knell. Either one is going to be a death knell. That would be hilarious. A bunch of That would be hilarious. A bunch of That would be hilarious. A bunch of people in Massachusetts just dumping people in Massachusetts just dumping people in Massachusetts just dumping chalupas in the in the bay. chalupas in the in the bay. chalupas in the in the bay. >> [laughter] >> [laughter] >> [laughter] >> Give me liberty or give me Somebody ran >> Give me liberty or give me Somebody ran >> Give me liberty or give me Somebody ran a number on the what they what they call a number on the what they what they call a number on the what they what they call it. It wasn't the Taco Bell inflation, it. It wasn't the Taco Bell inflation, it. It wasn't the Taco Bell inflation, but it was something like that. but it was something like that. but it was something like that. And that inflation number over the last And that inflation number over the last And that inflation number over the last 25 years is like over 300%. 25 years is like over 300%. 25 years is like over 300%. So, and that's 6% annualized. So, he's So, and that's 6% annualized. So, he's So, and that's 6% annualized. So, he's like, listen, over the last 25 years, like, listen, over the last 25 years, like, listen, over the last 25 years, the real inflation, what he calls the the real inflation, what he calls the the real inflation, what he calls the only inflation that matters, only inflation that matters, only inflation that matters, what it cost you to eat at Taco Bell, uh what it cost you to eat at Taco Bell, uh what it cost you to eat at Taco Bell, uh has run at 6% which is exponential. And has run at 6% which is exponential. And has run at 6% which is exponential. And people don't talk about that. When you people don't talk about that. When you people don't talk about that. When you do something where the percentage do something where the percentage do something where the percentage repeats year over year, that is repeats year over year, that is repeats year over year, that is exponential. That is so like every exponential. That is so like every exponential. That is so like every business in the world is trying to grow business in the world is trying to grow business in the world is trying to grow exponentially. And it's like the exponentially. And it's like the exponentially. And it's like the exciting buzzword, exponential growth is exciting buzzword, exponential growth is exciting buzzword, exponential growth is wild. Uh even at 6%, that number stacks wild. Uh even at 6%, that number stacks wild. Uh even at 6%, that number stacks because it's 6% on the higher number because it's 6% on the higher number because it's 6% on the higher number every year. So, when you're doing 6% on every year. So, when you're doing 6% on every year. So, when you're doing 6% on a number that's already 6% higher on a a number that's already 6% higher on a a number that's already 6% higher on a number that's already 6% higher on a number that's already 6% higher on a number that's already 6% higher on a number going back 25 years, that's that number going back 25 years, that's that number going back 25 years, that's that last 6% is a staggering number compared last 6% is a staggering number compared last 6% is a staggering number compared to year one. And so, that's where it to year one. And so, that's where it to year one. And so, that's where it gets into this 300, you know, whatever gets into this 300, you know, whatever gets into this 300, you know, whatever range. So, range. So, range. So, uh when people tell you that inflation uh when people tell you that inflation uh when people tell you that inflation is 2 or 3%, that's [ __ ] And it is 2 or 3%, that's [ __ ] And it is 2 or 3%, that's [ __ ] And it really is [ __ ] Like, they shuck and really is [ __ ] Like, they shuck and really is [ __ ] Like, they shuck and jive and pick different baskets of goods jive and pick different baskets of goods jive and pick different baskets of goods to look at, whatever keeps that number to look at, whatever keeps that number to look at, whatever keeps that number low. And then as a reminder, every year, low. And then as a reminder, every year, low. And then as a reminder, every year, cost should be going down and quality cost should be going down and quality cost should be going down and quality should be going up for your products. should be going up for your products. should be going up for your products. Cost should be going down, quality Cost should be going down, quality Cost should be going down, quality should be going up every year via in uh should be going up every year via in uh should be going up every year via in uh innovation. And that is being stolen innovation. And that is being stolen innovation. And that is being stolen from you through inflation. from you through inflation. from you through inflation. It's a perfect segue cuz speaking of It's a perfect segue cuz speaking of It's a perfect segue cuz speaking of stolen innovation, there's been a lot of stolen innovation, there's been a lot of stolen innovation, there's been a lot of buzz in the US about these Chinese BYD buzz in the US about these Chinese BYD buzz in the US about these Chinese BYD vehicles. And how China has vehicles vehicles. And how China has vehicles vehicles. And how China has vehicles that can transform and fight crime, and that can transform and fight crime, and that can transform and fight crime, and they're $16. Have you heard of the they're $16. Have you heard of the they're $16. Have you heard of the Autobots? They're being made [laughter] Autobots? They're being made [laughter] Autobots? They're being made [laughter] in China. Exactly. Like, they got a in China. Exactly. Like, they got a in China. Exactly. Like, they got a whole Transformers lineup. Uh but whole Transformers lineup. Uh but whole Transformers lineup. Uh but lawmakers are passing regulations in lawmakers are passing regulations in lawmakers are passing regulations in order to continue the ban on order to continue the ban on order to continue the ban on um Chinese vehicles. um Chinese vehicles. um Chinese vehicles. A lot of people are saying, hey, what A lot of people are saying, hey, what A lot of people are saying, hey, what happened to the free market? Hey, you happened to the free market? Hey, you happened to the free market? Hey, you guys love capitalism so much, what's guys love capitalism so much, what's guys love capitalism so much, what's happening now? Whoa, whoa, whoa, whoa. happening now? Whoa, whoa, whoa, whoa. happening now? Whoa, whoa, whoa, whoa. Hey, hey. Hey, hey. Hey, hey. >> We we have to draw >> We we have to draw >> We we have to draw >> Couple of people in the back understand >> Couple of people in the back understand >> Couple of people in the back understand what's going Yeah, yeah. So, first of what's going Yeah, yeah. So, first of what's going Yeah, yeah. So, first of all, we have to draw a line between free all, we have to draw a line between free all, we have to draw a line between free markets and globalism. markets and globalism. markets and globalism. Uh if you really are fine with um Uh if you really are fine with um Uh if you really are fine with um regionally, I don't care about you at regionally, I don't care about you at regionally, I don't care about you at all. Uh so, I'm perfectly happy for all. Uh so, I'm perfectly happy for all. Uh so, I'm perfectly happy for China to spend the next 50, 100 years China to spend the next 50, 100 years China to spend the next 50, 100 years um getting wealthier and wealthier and um getting wealthier and wealthier and um getting wealthier and wealthier and wealthier, then globalism is awesome. wealthier, then globalism is awesome. wealthier, then globalism is awesome. But it is really, really terrible for But it is really, really terrible for But it is really, really terrible for localized workers. localized workers. localized workers. And because right now, geographical And because right now, geographical And because right now, geographical boundaries still matter so much for your boundaries still matter so much for your boundaries still matter so much for your quality of life, this is what they talk quality of life, this is what they talk quality of life, this is what they talk about when they're talking about PPP, so about when they're talking about PPP, so about when they're talking about PPP, so purchasing parity. So, it's like, okay, purchasing parity. So, it's like, okay, purchasing parity. So, it's like, okay, they might make less money in China, but they might make less money in China, but they might make less money in China, but if they can buy more stuff, does it if they can buy more stuff, does it if they can buy more stuff, does it really matter? really matter? really matter? Um and so, that's where looking at Um and so, that's where looking at Um and so, that's where looking at things through that lens is very things through that lens is very things through that lens is very important. So, when we globalized, we important. So, when we globalized, we important. So, when we globalized, we made things much less expensive. A lot made things much less expensive. A lot made things much less expensive. A lot of incredible things came out of of incredible things came out of of incredible things came out of globalization. However, it also left a globalization. However, it also left a globalization. However, it also left a huge contingent of people I'll just huge contingent of people I'll just huge contingent of people I'll just speak from an American context. It left speak from an American context. It left speak from an American context. It left a huge contingent of Americans just a huge contingent of Americans just a huge contingent of Americans just completely [ __ ] So, they were unable completely [ __ ] So, they were unable completely [ __ ] So, they were unable to um get the factory jobs cuz the to um get the factory jobs cuz the to um get the factory jobs cuz the factory jobs were geographically located factory jobs were geographically located factory jobs were geographically located elsewhere in the world. So, if it was as elsewhere in the world. So, if it was as elsewhere in the world. So, if it was as easy as just you go work for a Chinese easy as just you go work for a Chinese easy as just you go work for a Chinese manufacturing and suddenly you live in, manufacturing and suddenly you live in, manufacturing and suddenly you live in, you know, Beijing or whatever and you're you know, Beijing or whatever and you're you know, Beijing or whatever and you're not bothered by the Foxconn need for uh not bothered by the Foxconn need for uh not bothered by the Foxconn need for uh nets to stop you from committing suicide nets to stop you from committing suicide nets to stop you from committing suicide because that's how a dictatorship rolls because that's how a dictatorship rolls because that's how a dictatorship rolls is like, nope, you're going to serve is like, nope, you're going to serve is like, nope, you're going to serve your purpose and that really is just your purpose and that really is just your purpose and that really is just that, then yeah, you could have gone to that, then yeah, you could have gone to that, then yeah, you could have gone to China and dealt with that and you would China and dealt with that and you would China and dealt with that and you would have been quote unquote A-OK. have been quote unquote A-OK. have been quote unquote A-OK. But obviously it doesn't work like that. But obviously it doesn't work like that. But obviously it doesn't work like that. So, what we're learning now is there So, what we're learning now is there So, what we're learning now is there just geographic and cultural realities just geographic and cultural realities just geographic and cultural realities to be faced and so, by globalizing, you to be faced and so, by globalizing, you to be faced and so, by globalizing, you end up hurting and or helping very end up hurting and or helping very end up hurting and or helping very different geographical pockets. That different geographical pockets. That different geographical pockets. That causes a ton of unrest and this is a big causes a ton of unrest and this is a big causes a ton of unrest and this is a big part of what's going on with the part of what's going on with the part of what's going on with the populism and all the anger. So, it's populism and all the anger. So, it's populism and all the anger. So, it's like as a free market capitalist guy, I like as a free market capitalist guy, I like as a free market capitalist guy, I really get it, but we run into a really get it, but we run into a really get it, but we run into a geographical reality that has to be geographical reality that has to be geographical reality that has to be dealt with. And so, that's where you've dealt with. And so, that's where you've dealt with. And so, that's where you've got to tease these two things out got to tease these two things out got to tease these two things out because we still want to be as close to because we still want to be as close to because we still want to be as close to free market as we can in our free market as we can in our free market as we can in our geographical boundaries called the US, geographical boundaries called the US, geographical boundaries called the US, called North America, think about, you called North America, think about, you called North America, think about, you know, however large you want to make know, however large you want to make know, however large you want to make that pool, but you've got to start that pool, but you've got to start that pool, but you've got to start thinking about, okay, now within this, thinking about, okay, now within this, thinking about, okay, now within this, just what system works the best? It's just what system works the best? It's just what system works the best? It's not like I like capitalism for the sake not like I like capitalism for the sake not like I like capitalism for the sake of capitalism and if somebody comes up of capitalism and if somebody comes up of capitalism and if somebody comes up with a system that is better, which by with a system that is better, which by with a system that is better, which by the way, if AI does the things that we the way, if AI does the things that we the way, if AI does the things that we all hope it will do over the next 30 all hope it will do over the next 30 all hope it will do over the next 30 [clears throat] years, [clears throat] years, [clears throat] years, on the other side of that, capitalism on the other side of that, capitalism on the other side of that, capitalism will be largely nonsensical. So, this will be largely nonsensical. So, this will be largely nonsensical. So, this isn't something where I need to fight isn't something where I need to fight isn't something where I need to fight for capitalism. I fight for I I round it for capitalism. I fight for I I round it for capitalism. I fight for I I round it to a thriving middle class. I just mean to a thriving middle class. I just mean to a thriving middle class. I just mean the majority of the average people in the majority of the average people in the majority of the average people in the world, the system needs to work for the world, the system needs to work for the world, the system needs to work for them. And if it's only working for them. And if it's only working for them. And if it's only working for elites, that's just nonsensical. So, um elites, that's just nonsensical. So, um elites, that's just nonsensical. So, um that's what we need to be looking at. that's what we need to be looking at. that's what we need to be looking at. So, right now, as we separate those two So, right now, as we separate those two So, right now, as we separate those two things out, capitalism geographically things out, capitalism geographically things out, capitalism geographically constrained is still the only system we constrained is still the only system we constrained is still the only system we see that actually works in terms of see that actually works in terms of see that actually works in terms of spreading uh goodwill and cheer. I don't spreading uh goodwill and cheer. I don't spreading uh goodwill and cheer. I don't know how else to say it. Uh to the know how else to say it. Uh to the know how else to say it. Uh to the broadest number of people. broadest number of people. broadest number of people. Okay, with that in mind, Okay, with that in mind, Okay, with that in mind, you were going to say. Did you have more you were going to say. Did you have more you were going to say. Did you have more to No, no, I could hear you to No, no, I could hear you to No, no, I could hear you like it was kind of like like it was kind of like like it was kind of like uh put it out. Um uh put it out. Um uh put it out. Um I I guess what I'm really trying to like I I guess what I'm really trying to like I I guess what I'm really trying to like wrap my head around is I think a lot of wrap my head around is I think a lot of wrap my head around is I think a lot of times when we see these numbers, we times when we see these numbers, we times when we see these numbers, we relate them to ourselves. We look at our relate them to ourselves. We look at our relate them to ourselves. We look at our own bank accounts. We see like there's own bank accounts. We see like there's own bank accounts. We see like there's both macro and micro things happening both macro and micro things happening both macro and micro things happening like both at once. So, when this number like both at once. So, when this number like both at once. So, when this number is ticking, it seems like it's more of a is ticking, it seems like it's more of a is ticking, it seems like it's more of a macro versus something that's a bit more macro versus something that's a bit more macro versus something that's a bit more micro. micro. micro. Yeah, in the sense that, okay, so one of Yeah, in the sense that, okay, so one of Yeah, in the sense that, okay, so one of the cool things about the post-World War the cool things about the post-World War the cool things about the post-World War II thing is II thing is II thing is um anybody that's paying attention um anybody that's paying attention um anybody that's paying attention should be asking, okay, Tom, financial should be asking, okay, Tom, financial should be asking, okay, Tom, financial repression is so bad, but you just said repression is so bad, but you just said repression is so bad, but you just said that we used it at the end of World War that we used it at the end of World War that we used it at the end of World War and everybody knows that America and everybody knows that America and everybody knows that America absolutely boomed post-World War the absolutely boomed post-World War the absolutely boomed post-World War the baby boomers who've just had this so baby boomers who've just had this so baby boomers who've just had this so easy, they grew up under financial easy, they grew up under financial easy, they grew up under financial repression. If that's the case, give me repression. If that's the case, give me repression. If that's the case, give me financial repression. This sounds financial repression. This sounds financial repression. This sounds awesome. awesome. awesome. And the reality is that what ended up And the reality is that what ended up And the reality is that what ended up happening was post-World War happening was post-World War happening was post-World War had that productivity boom had that productivity boom had that productivity boom that was miracle-like, that is that was miracle-like, that is that was miracle-like, that is unprecedented in history. That was a unprecedented in history. That was a unprecedented in history. That was a confluence of a whole bunch of weird confluence of a whole bunch of weird confluence of a whole bunch of weird events. Uh the US ends up basically the events. Uh the US ends up basically the events. Uh the US ends up basically the strongest economic force in the world. strongest economic force in the world. strongest economic force in the world. We're completely untouched by World War We're completely untouched by World War We're completely untouched by World War We now become the um We now become the um We now become the um the like center of everybody else's the like center of everybody else's the like center of everybody else's debt. So, everybody owes us money and debt. So, everybody owes us money and debt. So, everybody owes us money and we're in charge of helping them rebuild we're in charge of helping them rebuild we're in charge of helping them rebuild and we have a young population. So, it's and we have a young population. So, it's and we have a young population. So, it's just like everything. We were the the just like everything. We were the the just like everything. We were the the manufacturing manufacturing manufacturing um powerhouse the world over. So, it was um powerhouse the world over. So, it was um powerhouse the world over. So, it was just like, man, we were poised to be just like, man, we were poised to be just like, man, we were poised to be able to financially repress the [ __ ] out able to financially repress the [ __ ] out able to financially repress the [ __ ] out of people, which is absolutely terrible. of people, which is absolutely terrible. of people, which is absolutely terrible. And yet, everything was so good And yet, everything was so good And yet, everything was so good economically that we still grew faster economically that we still grew faster economically that we still grew faster than the financial repression. And so, than the financial repression. And so, than the financial repression. And so, even though people were being stolen even though people were being stolen even though people were being stolen from, it was a rad exchange where it was from, it was a rad exchange where it was from, it was a rad exchange where it was like, okay, cool. Thank you, America, like, okay, cool. Thank you, America, like, okay, cool. Thank you, America, for fighting this battle. for fighting this battle. for fighting this battle. Yes, you secretly taxed us Yes, you secretly taxed us Yes, you secretly taxed us tremendously, tremendously, tremendously, but things are going so well that all is but things are going so well that all is but things are going so well that all is well. And that's where I'm like, yeah, well. And that's where I'm like, yeah, well. And that's where I'm like, yeah, if you told me that you want to tax me if you told me that you want to tax me if you told me that you want to tax me more, but there's going to be this more, but there's going to be this more, but there's going to be this outcome that's absolutely extraordinary, outcome that's absolutely extraordinary, outcome that's absolutely extraordinary, I would literally be a fool not to be I would literally be a fool not to be I would literally be a fool not to be like, cool, sign me up. like, cool, sign me up. like, cool, sign me up. It is when you want to keep taxing It is when you want to keep taxing It is when you want to keep taxing people for a worse and worse outcome people for a worse and worse outcome people for a worse and worse outcome where people start going, what the [ __ ] where people start going, what the [ __ ] where people start going, what the [ __ ] are you talking about? are you talking about? are you talking about? >> for? Yeah, so like this is just >> for? Yeah, so like this is just >> for? Yeah, so like this is just nonsensical. So, right now, the economic nonsensical. So, right now, the economic nonsensical. So, right now, the economic structure of America is so different structure of America is so different structure of America is so different that as you try to use financial that as you try to use financial that as you try to use financial repression, you accelerate the movement repression, you accelerate the movement repression, you accelerate the movement towards revolution. Mhm. So, that's towards revolution. Mhm. So, that's towards revolution. Mhm. So, that's where I'm like, okay, hold on. Like where I'm like, okay, hold on. Like where I'm like, okay, hold on. Like we're going to need a different strategy we're going to need a different strategy we're going to need a different strategy here. Um so, here. Um so, here. Um so, period. Yeah. period. Yeah. period. Yeah. Um so, Um so, Um so, to me, the policy seemed a bit to me, the policy seemed a bit to me, the policy seemed a bit protectionist cuz I feel like we want to protectionist cuz I feel like we want to protectionist cuz I feel like we want to protect our auto industry. We want to protect our auto industry. We want to protect our auto industry. We want to make sure that we have at least some make sure that we have at least some make sure that we have at least some things locally that are homegrown that things locally that are homegrown that things locally that are homegrown that we can't completely outsource to China. we can't completely outsource to China. we can't completely outsource to China. Yes, and by the way, we have to decide, Yes, and by the way, we have to decide, Yes, and by the way, we have to decide, okay, are we going to be so okay, are we going to be so okay, are we going to be so philosophically dogmatic that it's like philosophically dogmatic that it's like philosophically dogmatic that it's like um capitalism no matter what? I would um capitalism no matter what? I would um capitalism no matter what? I would advise us not to write move. To me, it's advise us not to write move. To me, it's advise us not to write move. To me, it's like capitalism has an aim. Ask yourself like capitalism has an aim. Ask yourself like capitalism has an aim. Ask yourself what that aim is. The aim is like what what that aim is. The aim is like what what that aim is. The aim is like what China showed is to pull people out of China showed is to pull people out of China showed is to pull people out of poverty, create broad-spectrum poverty, create broad-spectrum poverty, create broad-spectrum um economic opportunities for people um economic opportunities for people um economic opportunities for people because when people are progressing because when people are progressing because when people are progressing economically, they have a tremendous economically, they have a tremendous economically, they have a tremendous sense of well-being. But the well-being sense of well-being. But the well-being sense of well-being. But the well-being is largely what we're aimed at. That's is largely what we're aimed at. That's is largely what we're aimed at. That's why anybody that dismisses the Chinese why anybody that dismisses the Chinese why anybody that dismisses the Chinese model and is just like, uh it's all bad. model and is just like, uh it's all bad. model and is just like, uh it's all bad. It's like, no, it's high risk. But there It's like, no, it's high risk. But there It's like, no, it's high risk. But there are times where it's extraordinarily are times where it's extraordinarily are times where it's extraordinarily good. When China started adopting free good. When China started adopting free good. When China started adopting free market capitalism with absolutely market capitalism with absolutely market capitalism with absolutely draconian, we will murder people um draconian, we will murder people um draconian, we will murder people um dictatorship, they still went through an dictatorship, they still went through an dictatorship, they still went through an extraordinary period of growth where it extraordinary period of growth where it extraordinary period of growth where it was like, yep, that was a winning was like, yep, that was a winning was like, yep, that was a winning formula. And for like 30 years, formula. And for like 30 years, formula. And for like 30 years, globally, it was the best strategy ever. globally, it was the best strategy ever. globally, it was the best strategy ever. Now, that's cold comfort for the guy Now, that's cold comfort for the guy Now, that's cold comfort for the guy that got run over by the tank in that got run over by the tank in that got run over by the tank in Tiananmen Square and all the people that Tiananmen Square and all the people that Tiananmen Square and all the people that got shot in the face got shot in the face got shot in the face uh or for the Uyghurs in concentration uh or for the Uyghurs in concentration uh or for the Uyghurs in concentration camps, but we would be lying if we said, camps, but we would be lying if we said, camps, but we would be lying if we said, hey, that [ __ ] didn't like really yield hey, that [ __ ] didn't like really yield hey, that [ __ ] didn't like really yield some extraordinary results. But what I some extraordinary results. But what I some extraordinary results. But what I think we're about to see is the flip think we're about to see is the flip think we're about to see is the flip side of that coin. When you're not side of that coin. When you're not side of that coin. When you're not letting the market come in and say, letting the market come in and say, letting the market come in and say, listen, like this is where things are listen, like this is where things are listen, like this is where things are going, AI being a great example, and going, AI being a great example, and going, AI being a great example, and instead China now trying to repress what instead China now trying to repress what instead China now trying to repress what you can and can't do with that, um you you can and can't do with that, um you you can and can't do with that, um you start getting back into that dangerous start getting back into that dangerous start getting back into that dangerous zone where now they're trying to do zone where now they're trying to do zone where now they're trying to do things from the top down, which causes things from the top down, which causes things from the top down, which causes people to push back harder, which then people to push back harder, which then people to push back harder, which then causes them to have to repress you causes them to have to repress you causes them to have to repress you harder, and so you get into this loop harder, and so you get into this loop harder, and so you get into this loop where you end up with Mao's China where where you end up with Mao's China where where you end up with Mao's China where 45 million people are starving to death. 45 million people are starving to death. 45 million people are starving to death. So, it's like ultra high risk, but free So, it's like ultra high risk, but free So, it's like ultra high risk, but free market capitalism also has its own market capitalism also has its own market capitalism also has its own risks. And so, it becomes a question of risks. And so, it becomes a question of risks. And so, it becomes a question of do you value freedom, which America's do you value freedom, which America's do you value freedom, which America's racing away from. So, people that racing away from. So, people that racing away from. So, people that criticize Americans say, look at these criticize Americans say, look at these criticize Americans say, look at these evil capitalists, look at the outcomes. evil capitalists, look at the outcomes. evil capitalists, look at the outcomes. I'm like, I wish we were capitalist. I'm like, I wish we were capitalist. I'm like, I wish we were capitalist. Like at least that I could stand on the Like at least that I could stand on the Like at least that I could stand on the merits and be like, yeah, it's rough. merits and be like, yeah, it's rough. merits and be like, yeah, it's rough. There is a guy literally dying on the There is a guy literally dying on the There is a guy literally dying on the streets because nobody's helping him. streets because nobody's helping him. streets because nobody's helping him. That [ __ ] sucks and I wish his family That [ __ ] sucks and I wish his family That [ __ ] sucks and I wish his family would rally around him, but Tommy would rally around him, but Tommy would rally around him, but Tommy doesn't have a family. Brutal. I wish doesn't have a family. Brutal. I wish doesn't have a family. Brutal. I wish the church would rally around him. Why, the church would rally around him. Why, the church would rally around him. Why, he doesn't belong to a denomination or he doesn't belong to a denomination or he doesn't belong to a denomination or he refuses to step into a house of God, he refuses to step into a house of God, he refuses to step into a house of God, whatever. And it's like, [ __ ] those whatever. And it's like, [ __ ] those whatever. And it's like, [ __ ] those things are hard to watch and I totally things are hard to watch and I totally things are hard to watch and I totally get that. But so is watching people be get that. But so is watching people be get that. But so is watching people be put in a concentration camp. So, it's put in a concentration camp. So, it's put in a concentration camp. So, it's like like like which China is doing today. So, it's which China is doing today. So, it's which China is doing today. So, it's Choose your hard. Choose your hard. Choose your hard. >> Yeah, choose your hard. Thank you. What >> Yeah, choose your hard. Thank you. What >> Yeah, choose your hard. Thank you. What a [ __ ] brilliant way to sum that up. a [ __ ] brilliant way to sum that up. a [ __ ] brilliant way to sum that up. So, anyway, I err on the side of So, anyway, I err on the side of So, anyway, I err on the side of freedom. I would much rather freedom. I would much rather freedom. I would much rather uh be in the camp of it is the uh be in the camp of it is the uh be in the camp of it is the individual that is uh the spark of individual that is uh the spark of individual that is uh the spark of divinity and therefore it's the divinity and therefore it's the divinity and therefore it's the individual that needs to be protected. individual that needs to be protected. individual that needs to be protected. Anyway, we've we can have that debate if Anyway, we've we can have that debate if Anyway, we've we can have that debate if we want, but not to fractal too hard. we want, but not to fractal too hard. we want, but not to fractal too hard. So, you're going to pick your hard. So, you're going to pick your hard. So, you're going to pick your hard. Uh all of this stuff is trade-offs. Uh all of this stuff is trade-offs. Uh all of this stuff is trade-offs. Capitalism Capitalism Capitalism America's not running the capitalism I'm America's not running the capitalism I'm America's not running the capitalism I'm referring to, just to be very clear. But referring to, just to be very clear. But referring to, just to be very clear. But capitalism capitalism capitalism is the only thing that has proven over is the only thing that has proven over is the only thing that has proven over time that it can create this time that it can create this time that it can create this broad-spectrum broad-spectrum broad-spectrum um um um well-being. well-being. well-being. Yeah. Uh I want to break down the AI Yeah. Uh I want to break down the AI Yeah. Uh I want to break down the AI China regulation now that we talked like China regulation now that we talked like China regulation now that we talked like we covered it. So, um we covered it. So, um we covered it. So, um a court in China has ruled it illegal to a court in China has ruled it illegal to a court in China has ruled it illegal to replace human workers with AI purely to replace human workers with AI purely to replace human workers with AI purely to cut costs. They have put responsibility cut costs. They have put responsibility cut costs. They have put responsibility back on corporations. They can't back on corporations. They can't back on corporations. They can't automate just to boost margins while automate just to boost margins while automate just to boost margins while workers are pushed out. China has workers are pushed out. China has workers are pushed out. China has decided that wages, fairness, and decided that wages, fairness, and decided that wages, fairness, and employment are optional and that's a big employment are optional and that's a big employment are optional and that's a big shift. While the West replaces the shift. While the West replaces the shift. While the West replaces the replace labor as fast as possible, replace labor as fast as possible, replace labor as fast as possible, viewing AI as a free-for-all, China has viewing AI as a free-for-all, China has viewing AI as a free-for-all, China has set a precedent that profit alone isn't set a precedent that profit alone isn't set a precedent that profit alone isn't enough and corporations must answer to enough and corporations must answer to enough and corporations must answer to society. society. society. Yeah. What's your initial reaction to Yeah. What's your initial reaction to Yeah. What's your initial reaction to that? that? that? >> this one is wild. A Chinese court just >> this one is wild. A Chinese court just >> this one is wild. A Chinese court just ruled that firing a worker because AI ruled that firing a worker because AI ruled that firing a worker because AI can do their job better is the illegal. can do their job better is the illegal. can do their job better is the illegal. Now, many here in the West are cheering Now, many here in the West are cheering Now, many here in the West are cheering this one on, which gives me the creeps, this one on, which gives me the creeps, this one on, which gives me the creeps, but this kind of law is going to but this kind of law is going to but this kind of law is going to backfire. Not only will it do little to backfire. Not only will it do little to backfire. Not only will it do little to nothing to stop people from being nothing to stop people from being nothing to stop people from being replaced by AI. It just gives replaced by AI. It just gives replaced by AI. It just gives governments more control, which is governments more control, which is governments more control, which is extremely dangerous given the insane extremely dangerous given the insane extremely dangerous given the insane historical like writ large reality that historical like writ large reality that historical like writ large reality that governments kill their own citizens. governments kill their own citizens. governments kill their own citizens. Okay? Not just China. Okay? Not just China. Okay? Not just China. The numbers in the 20th century alone The numbers in the 20th century alone The numbers in the 20th century alone are so staggering people just are either are so staggering people just are either are so staggering people just are either ignorant to it or they think somehow ignorant to it or they think somehow ignorant to it or they think somehow human nature has changed. I don't know. human nature has changed. I don't know. human nature has changed. I don't know. Governments kill people like for real. Governments kill people like for real. Governments kill people like for real. On a long enough timeline governments On a long enough timeline governments On a long enough timeline governments are extraordinarily at that. Now, the are extraordinarily at that. Now, the are extraordinarily at that. Now, the lead case tied to the Chinese ruling lead case tied to the Chinese ruling lead case tied to the Chinese ruling here involves an AI quality assurance here involves an AI quality assurance here involves an AI quality assurance supervisor who made roughly 25,000 yuan supervisor who made roughly 25,000 yuan supervisor who made roughly 25,000 yuan a month. Um and he his job is to verify a month. Um and he his job is to verify a month. Um and he his job is to verify AI output. Now, you can imagine that an AI output. Now, you can imagine that an AI output. Now, you can imagine that an AI is going to be better at verifying a AI is going to be better at verifying a AI is going to be better at verifying a lot of this stuff than a human is or lot of this stuff than a human is or lot of this stuff than a human is or certainly a human augmented with AI is certainly a human augmented with AI is certainly a human augmented with AI is going to be better and so you're going going to be better and so you're going going to be better and so you're going to need fewer and fewer these humans. to need fewer and fewer these humans. to need fewer and fewer these humans. When his company tried to demote him to When his company tried to demote him to When his company tried to demote him to a 15,000 yuan role because the AI was a 15,000 yuan role because the AI was a 15,000 yuan role because the AI was outperforming him, he refused and then outperforming him, he refused and then outperforming him, he refused and then was fired. Now, the court ruled that the was fired. Now, the court ruled that the was fired. Now, the court ruled that the AI adoption is a voluntary business AI adoption is a voluntary business AI adoption is a voluntary business strategy, which is already wild that strategy, which is already wild that strategy, which is already wild that they're saying that hey, you've got to they're saying that hey, you've got to they're saying that hey, you've got to have force majeure, which this was not, have force majeure, which this was not, have force majeure, which this was not, if you want to fire somebody. So, under if you want to fire somebody. So, under if you want to fire somebody. So, under Chinese labor laws being worse at your Chinese labor laws being worse at your Chinese labor laws being worse at your job than AI doesn't legally justify job than AI doesn't legally justify job than AI doesn't legally justify moving you to a different role. Now, I moving you to a different role. Now, I moving you to a different role. Now, I know right now that there is a large know right now that there is a large know right now that there is a large number of people that are hearing this number of people that are hearing this number of people that are hearing this that think I am just some capitalist that think I am just some capitalist that think I am just some capitalist [ __ ] who cannot understand the plight [ __ ] who cannot understand the plight [ __ ] who cannot understand the plight of people. I get that that's the read of people. I get that that's the read of people. I get that that's the read and I really want to talk about that. and I really want to talk about that. and I really want to talk about that. Because that is not the place that I'm Because that is not the place that I'm Because that is not the place that I'm coming from even though I know that that coming from even though I know that that coming from even though I know that that is my general frame of reference. I is my general frame of reference. I is my general frame of reference. I understand that and I'm willing to get understand that and I'm willing to get understand that and I'm willing to get as nitty-gritty as people want on the as nitty-gritty as people want on the as nitty-gritty as people want on the hard reality cuz this has to be dealt hard reality cuz this has to be dealt hard reality cuz this has to be dealt with. That if we just leave people to with. That if we just leave people to with. That if we just leave people to suffer out in the streets, there will be suffer out in the streets, there will be suffer out in the streets, there will be a revolt and it will end horrifically. a revolt and it will end horrifically. a revolt and it will end horrifically. That is not the outcome that I want. So, That is not the outcome that I want. So, That is not the outcome that I want. So, bear with me. Now, remember in the bear with me. Now, remember in the bear with me. Now, remember in the beginning they did not try to fire this beginning they did not try to fire this beginning they did not try to fire this guy, okay? They just tried to move him guy, okay? They just tried to move him guy, okay? They just tried to move him to a less expensive role. to a less expensive role. to a less expensive role. Keeping a company alive is brutally Keeping a company alive is brutally Keeping a company alive is brutally difficult. 94 94% difficult. 94 94% difficult. 94 94% of all companies fail. of all companies fail. of all companies fail. So, when you've got a government trying So, when you've got a government trying So, when you've got a government trying to tell you from the top down something to tell you from the top down something to tell you from the top down something that's going to make that even harder, that's going to make that even harder, that's going to make that even harder, now you run into the madness of top-down now you run into the madness of top-down now you run into the madness of top-down control. The reason top-down control control. The reason top-down control control. The reason top-down control doesn't work is you're not close to the doesn't work is you're not close to the doesn't work is you're not close to the reality. This is why I want parents to reality. This is why I want parents to reality. This is why I want parents to raise their children even though I know raise their children even though I know raise their children even though I know that there are some parents that are that there are some parents that are that there are some parents that are absolutely godawful. But that is far absolutely godawful. But that is far absolutely godawful. But that is far better than the state, which is way better than the state, which is way better than the state, which is way removed from the day-to-day realities of removed from the day-to-day realities of removed from the day-to-day realities of what raising your child is like. And so what raising your child is like. And so what raising your child is like. And so them trying to have these blanket them trying to have these blanket them trying to have these blanket policies is just always going to be a policies is just always going to be a policies is just always going to be a disaster. You want to push the disaster. You want to push the disaster. You want to push the responsibility down to the people that responsibility down to the people that responsibility down to the people that are closest to the problem. And in this are closest to the problem. And in this are closest to the problem. And in this case people running the business are the case people running the business are the case people running the business are the closest. It doesn't mean that there closest. It doesn't mean that there closest. It doesn't mean that there won't be terrible people in these won't be terrible people in these won't be terrible people in these decision-making positions. There will decision-making positions. There will decision-making positions. There will be. It doesn't mean that people won't be. It doesn't mean that people won't be. It doesn't mean that people won't abuse this to fire somebody that they abuse this to fire somebody that they abuse this to fire somebody that they just don't like. It will happen for just don't like. It will happen for just don't like. It will happen for sure. sure. sure. But the reality of why China is doing But the reality of why China is doing But the reality of why China is doing this isn't just about altruism. This is this isn't just about altruism. This is this isn't just about altruism. This is largely related to Xi and the CCP largely related to Xi and the CCP largely related to Xi and the CCP needing to remain in power. Right now needing to remain in power. Right now needing to remain in power. Right now China has a massive demographic problem China has a massive demographic problem China has a massive demographic problem and there is growing reports of unrest and there is growing reports of unrest and there is growing reports of unrest at the margins. I'm not saying that at the margins. I'm not saying that at the margins. I'm not saying that there are revolts in China, but you're there are revolts in China, but you're there are revolts in China, but you're going to start seeing this more and more going to start seeing this more and more going to start seeing this more and more people talking about like there's a people talking about like there's a people talking about like there's a level of unhappiness that is reaching level of unhappiness that is reaching level of unhappiness that is reaching higher and higher levels, which is why higher and higher levels, which is why higher and higher levels, which is why Xi has been doing his purges, which by Xi has been doing his purges, which by Xi has been doing his purges, which by the way, nobody denies is happening. Xi the way, nobody denies is happening. Xi the way, nobody denies is happening. Xi is ousting people left, right, and is ousting people left, right, and is ousting people left, right, and center because he's having to put a center because he's having to put a center because he's having to put a tighter and tighter grip on his control tighter and tighter grip on his control tighter and tighter grip on his control because the economy is in a worse and because the economy is in a worse and because the economy is in a worse and worse place place. worse place place. worse place place. Youth unemployment in China hit 16.9% in Youth unemployment in China hit 16.9% in Youth unemployment in China hit 16.9% in March. March. March. And with all numbers coming out of And with all numbers coming out of And with all numbers coming out of China, that's the cleaned-up number. It China, that's the cleaned-up number. It China, that's the cleaned-up number. It excludes students, by the way. excludes students, by the way. excludes students, by the way. And it's going to be the number that the And it's going to be the number that the And it's going to be the number that the CCP believes is fit for international CCP believes is fit for international CCP believes is fit for international consumption. They know who reads these consumption. They know who reads these consumption. They know who reads these numbers. numbers. numbers. Now, the old methodology that they were Now, the old methodology that they were Now, the old methodology that they were using showed that it was higher than 21% using showed that it was higher than 21% using showed that it was higher than 21% and I'm sure those were already and I'm sure those were already and I'm sure those were already cleaned-up numbers. That was back in cleaned-up numbers. That was back in cleaned-up numbers. That was back in 2023. Beijing, when they started getting 2023. Beijing, when they started getting 2023. Beijing, when they started getting those numbers, they just straight-up those numbers, they just straight-up those numbers, they just straight-up stopped publishing the data for 6 stopped publishing the data for 6 stopped publishing the data for 6 months. months. months. They're just like, nope, sorry, no more They're just like, nope, sorry, no more They're just like, nope, sorry, no more data for you. data for you. data for you. >> There is no data. Correct. This is not >> There is no data. Correct. This is not >> There is no data. Correct. This is not the data you're looking for. And they go the data you're looking for. And they go the data you're looking for. And they go in, they make changes, and now they in, they make changes, and now they in, they make changes, and now they start presenting this new number, which start presenting this new number, which start presenting this new number, which has dropped significantly. And this is has dropped significantly. And this is has dropped significantly. And this is all BS numbers. all BS numbers. all BS numbers. Current youth unemployment in China Current youth unemployment in China Current youth unemployment in China isn't even just like a sheer numbers isn't even just like a sheer numbers isn't even just like a sheer numbers problem. It's a mismatch problem because problem. It's a mismatch problem because problem. It's a mismatch problem because China is an aging demographic. China China is an aging demographic. China China is an aging demographic. China doesn't have enough young people. doesn't have enough young people. doesn't have enough young people. So, this isn't an aggregate demand So, this isn't an aggregate demand So, this isn't an aggregate demand problem. China has about 12 million problem. China has about 12 million problem. China has about 12 million college graduates entering the workforce college graduates entering the workforce college graduates entering the workforce each year. They should want more, by the each year. They should want more, by the each year. They should want more, by the way, a lot more. They're going to need way, a lot more. They're going to need way, a lot more. They're going to need more, but the white-collar pipeline that more, but the white-collar pipeline that more, but the white-collar pipeline that was supposed to absorb them has been was supposed to absorb them has been was supposed to absorb them has been gutted. The property crash, the tech gutted. The property crash, the tech gutted. The property crash, the tech crackdown, the shutdown of the private crackdown, the shutdown of the private crackdown, the shutdown of the private tutoring industry, the slowdown in tutoring industry, the slowdown in tutoring industry, the slowdown in foreign investment. It's all hitting at foreign investment. It's all hitting at foreign investment. It's all hitting at once. Meanwhile, factories and delivery once. Meanwhile, factories and delivery once. Meanwhile, factories and delivery jobs go unfilled because educated urban jobs go unfilled because educated urban jobs go unfilled because educated urban grads won't take them. So, now you have grads won't take them. So, now you have grads won't take them. So, now you have to ask, do you want the government here to ask, do you want the government here to ask, do you want the government here in the US for all the people clapping so in the US for all the people clapping so in the US for all the people clapping so hard for this, do you want the hard for this, do you want the hard for this, do you want the government to tell you what job you're government to tell you what job you're government to tell you what job you're going to take? Okay? Cuz this is where going to take? Okay? Cuz this is where going to take? Okay? Cuz this is where this stuff goes. So, it's not that China this stuff goes. So, it's not that China this stuff goes. So, it's not that China has too many people and too few jobs in has too many people and too few jobs in has too many people and too few jobs in aggregate. It's too many people with aggregate. It's too many people with aggregate. It's too many people with degrees. This is known as the degrees. This is known as the degrees. This is known as the overproduction of elites. We have the overproduction of elites. We have the overproduction of elites. We have the same problem here in the US. So, you've same problem here in the US. So, you've same problem here in the US. So, you've got too many people with degrees, too got too many people with degrees, too got too many people with degrees, too few jobs that match those degrees, and few jobs that match those degrees, and few jobs that match those degrees, and that's putting serious strain on an that's putting serious strain on an that's putting serious strain on an economy that's already in trouble. Now, economy that's already in trouble. Now, economy that's already in trouble. Now, when you layer in the reality, when you layer in the reality, when you layer in the reality, everything is going to transition to AI everything is going to transition to AI everything is going to transition to AI if it's better. That that just is the if it's better. That that just is the if it's better. That that just is the reality because we're all competing on a reality because we're all competing on a reality because we're all competing on a global market. So, this is a huge global market. So, this is a huge global market. So, this is a huge problem for China because the entire problem for China because the entire problem for China because the entire legitimacy of the Chinese Communist legitimacy of the Chinese Communist legitimacy of the Chinese Communist Party rests on a single bargain. They Party rests on a single bargain. They Party rests on a single bargain. They say to the people, hey, we're going to say to the people, hey, we're going to say to the people, hey, we're going to deliver economic stability and exchange deliver economic stability and exchange deliver economic stability and exchange you guys are not going to revolt. you guys are not going to revolt. you guys are not going to revolt. That's the deal. With AI, China is in a That's the deal. With AI, China is in a That's the deal. With AI, China is in a damned if you do, damned if you don't damned if you do, damned if you don't damned if you do, damned if you don't scenario because they also have a scenario because they also have a scenario because they also have a demographic time bomb that is ticking demographic time bomb that is ticking demographic time bomb that is ticking away. They have very few young people away. They have very few young people away. They have very few young people like staggering, scary low number. And a like staggering, scary low number. And a like staggering, scary low number. And a rapidly aging population that will rapidly aging population that will rapidly aging population that will either need young people either need young people either need young people or AI and robotics to take care of them. or AI and robotics to take care of them. or AI and robotics to take care of them. Given that young people take 18 years to Given that young people take 18 years to Given that young people take 18 years to mature and AI is instant, AI is mature and AI is instant, AI is mature and AI is instant, AI is inevitably going to play a major role in inevitably going to play a major role in inevitably going to play a major role in solving the problem no matter what solving the problem no matter what solving the problem no matter what legislation China tries to push down en legislation China tries to push down en legislation China tries to push down en masse from the top. As the working-age masse from the top. As the working-age masse from the top. As the working-age population shrinks, AI product- population shrinks, AI product- population shrinks, AI product- productivity becomes absolutely critical productivity becomes absolutely critical productivity becomes absolutely critical to China. to China. to China. They will need AI to compensate for the They will need AI to compensate for the They will need AI to compensate for the workforce that is just disappearing. So, workforce that is just disappearing. So, workforce that is just disappearing. So, telling companies that they can't fire telling companies that they can't fire telling companies that they can't fire workers or even demote them to keep a workers or even demote them to keep a workers or even demote them to keep a business more efficient when you're business more efficient when you're business more efficient when you're talking about a 94% failure rate of talking about a 94% failure rate of talking about a 94% failure rate of companies, companies, companies, that just means that new companies will that just means that new companies will that just means that new companies will get started that use AI from the jump so get started that use AI from the jump so get started that use AI from the jump so that they're not having to fire anybody. that they're not having to fire anybody. that they're not having to fire anybody. They just don't hire them in the first They just don't hire them in the first They just don't hire them in the first place. And then if China insists that place. And then if China insists that place. And then if China insists that they do hire employees they do hire employees they do hire employees instead of using AI, they're not going instead of using AI, they're not going instead of using AI, they're not going to be competitive on a global scale. to be competitive on a global scale. to be competitive on a global scale. So, all of these new efficient companies So, all of these new efficient companies So, all of these new efficient companies that are going to come up will just that are going to come up will just that are going to come up will just replace the old ones that have replace the old ones that have replace the old ones that have underperforming humans. That's just a underperforming humans. That's just a underperforming humans. That's just a reality. We have been through these reality. We have been through these reality. We have been through these kinds of technological transitions kinds of technological transitions kinds of technological transitions before and they are rough. There's no before and they are rough. There's no before and they are rough. There's no doubt, but in the end they create more doubt, but in the end they create more doubt, but in the end they create more jobs than they take. The only jobs than they take. The only jobs than they take. The only alternative for China is a completely alternative for China is a completely alternative for China is a completely draconian government draconian government draconian government that just keeps trying to gain tighter that just keeps trying to gain tighter that just keeps trying to gain tighter and tighter control over the populace, and tighter control over the populace, and tighter control over the populace, which is what we're seeing, and then which is what we're seeing, and then which is what we're seeing, and then control everything from the top down. control everything from the top down. control everything from the top down. Now, you guys have heard me talk about a Now, you guys have heard me talk about a Now, you guys have heard me talk about a million times. China has a long and million times. China has a long and million times. China has a long and bloody history of doing that. And in the bloody history of doing that. And in the bloody history of doing that. And in the 20th century alone, that method killed a 20th century alone, that method killed a 20th century alone, that method killed a staggering number of people. The low the staggering number of people. The low the staggering number of people. The low the low estimates are 45 million. low estimates are 45 million. low estimates are 45 million. Okay? It is a terrible strategy. This is Okay? It is a terrible strategy. This is Okay? It is a terrible strategy. This is why I absolutely despise the reaction why I absolutely despise the reaction why I absolutely despise the reaction that I'm seeing from people here in the that I'm seeing from people here in the that I'm seeing from people here in the US and across the West. Way too many US and across the West. Way too many US and across the West. Way too many people on both sides of the aisle are people on both sides of the aisle are people on both sides of the aisle are clapping for this, acting like this is clapping for this, acting like this is clapping for this, acting like this is the model that we should be copying the model that we should be copying the model that we should be copying here, which is insane. Giving the here, which is insane. Giving the here, which is insane. Giving the government veto power over hiring and government veto power over hiring and government veto power over hiring and firing decisions is the exact firing decisions is the exact firing decisions is the exact that is paved with good intentions. As that is paved with good intentions. As that is paved with good intentions. As the road to hell is always paved. So, the road to hell is always paved. So, the road to hell is always paved. So, yeah, man, this one is going to go yeah, man, this one is going to go yeah, man, this one is going to go somewhere very dark very fast. And I somewhere very dark very fast. And I somewhere very dark very fast. And I expect the people in the chat are going expect the people in the chat are going expect the people in the chat are going to hate my take on this. I want to fight to hate my take on this. I want to fight to hate my take on this. I want to fight about this one. Oh, this this one we're about this one. Oh, this this one we're about this one. Oh, this this one we're going for. This one we're going for. going for. This one we're going for. going for. This one we're going for. It It It is it I cuz I know we here we usually I is it I cuz I know we here we usually I is it I cuz I know we here we usually I don't want to say dumb it down, but we don't want to say dumb it down, but we don't want to say dumb it down, but we usually end up getting to usually end up getting to usually end up getting to populism. I'm feeling it, so that's why populism. I'm feeling it, so that's why populism. I'm feeling it, so that's why I'm like running into the arms of this I'm like running into the arms of this I'm like running into the arms of this other system. other system. other system. Is is it just because I'm feeling it, Is is it just because I'm feeling it, Is is it just because I'm feeling it, that's why I'm running? Is that like the that's why I'm running? Is that like the that's why I'm running? Is that like the I'm talking about Part of it. So, I I'm talking about Part of it. So, I I'm talking about Part of it. So, I think though that you really have your think though that you really have your think though that you really have your finger on something. I feel a level of finger on something. I feel a level of finger on something. I feel a level of anxiety. Uh-huh. So, if I'm looking at anxiety. Uh-huh. So, if I'm looking at anxiety. Uh-huh. So, if I'm looking at AI and I'm like, "Ooh." And I'm super AI and I'm like, "Ooh." And I'm super AI and I'm like, "Ooh." And I'm super wealthy, I understand investing, I'm one wealthy, I understand investing, I'm one wealthy, I understand investing, I'm one of the people in the 10% that own 93% of of the people in the 10% that own 93% of of the people in the 10% that own 93% of the assets, all of that, the assets, all of that, the assets, all of that, uh if I'm like, "Ooh, uh if I'm like, "Ooh, uh if I'm like, "Ooh, this one makes me uneasy." Mhm. Then I this one makes me uneasy." Mhm. Then I this one makes me uneasy." Mhm. Then I can only imagine somebody who's already can only imagine somebody who's already can only imagine somebody who's already like, "Fuck, if my car breaks down, I like, "Fuck, if my car breaks down, I like, "Fuck, if my car breaks down, I can't replace uh the parts." So, like I can't replace uh the parts." So, like I can't replace uh the parts." So, like I get it. But this is where it's like you get it. But this is where it's like you get it. But this is where it's like you have to eject out of your emotions and have to eject out of your emotions and have to eject out of your emotions and go, "Okay, I've got my finger on the go, "Okay, I've got my finger on the go, "Okay, I've got my finger on the right problem. Mhm. But do I have my right problem. Mhm. But do I have my right problem. Mhm. But do I have my finger on the This is my whole beef with finger on the This is my whole beef with finger on the This is my whole beef with Gary's economics. He understands the Gary's economics. He understands the Gary's economics. He understands the problem and he's absolutely moronic when problem and he's absolutely moronic when problem and he's absolutely moronic when it comes to the solution. And so it's it comes to the solution. And so it's it comes to the solution. And so it's like, okay, hold on. We This is a like, okay, hold on. We This is a like, okay, hold on. We This is a problem we're going to have to address. problem we're going to have to address. problem we're going to have to address. How do we address it? What is the way in How do we address it? What is the way in How do we address it? What is the way in which we're going to make this work for which we're going to make this work for which we're going to make this work for people? I don't think there are going to people? I don't think there are going to people? I don't think there are going to be easy solutions there. I think this is be easy solutions there. I think this is be easy solutions there. I think this is all going to be trade-offs. We all have all going to be trade-offs. We all have all going to be trade-offs. We all have to understand, okay, let's put the to understand, okay, let's put the to understand, okay, let's put the solutions on the table. Let's look at solutions on the table. Let's look at solutions on the table. Let's look at the trade-offs that history tells us the trade-offs that history tells us the trade-offs that history tells us those are going to have and let's decide those are going to have and let's decide those are going to have and let's decide what trade-offs we're willing to make. what trade-offs we're willing to make. what trade-offs we're willing to make. Now, the populace obviously is going to Now, the populace obviously is going to Now, the populace obviously is going to stay in their feels. So this is going to stay in their feels. So this is going to stay in their feels. So this is going to be largely emotional. This is the iron be largely emotional. This is the iron be largely emotional. This is the iron law of oligarchy. This decision really law of oligarchy. This decision really law of oligarchy. This decision really is going to be made by a small group of is going to be made by a small group of is going to be made by a small group of people, but it's going to be a battle people, but it's going to be a battle people, but it's going to be a battle between essentially the DSA between essentially the DSA between essentially the DSA and conservatives. And so we'll see what and conservatives. And so we'll see what and conservatives. And so we'll see what ends up being the solution, but coming ends up being the solution, but coming ends up being the solution, but coming in and trying to have top-down control in and trying to have top-down control in and trying to have top-down control over this won't play out well because if over this won't play out well because if over this won't play out well because if if I can get people to use a historical if I can get people to use a historical if I can get people to use a historical analogy, this is literally like the analogy, this is literally like the analogy, this is literally like the knocker-uppers or the lamplighters knocker-uppers or the lamplighters knocker-uppers or the lamplighters going, "Bro, you can't replace this with going, "Bro, you can't replace this with going, "Bro, you can't replace this with alarm clocks." Or if people know the alarm clocks." Or if people know the alarm clocks." Or if people know the story of Paul Bunyan, obviously it's story of Paul Bunyan, obviously it's story of Paul Bunyan, obviously it's just mythology, but it was meant to just mythology, but it was meant to just mythology, but it was meant to explain what was happening to logging, explain what was happening to logging, explain what was happening to logging, which is exactly like what's happening which is exactly like what's happening which is exactly like what's happening now. So Paul Bunyan, mythological story now. So Paul Bunyan, mythological story now. So Paul Bunyan, mythological story about like the ultimate logger, about like the ultimate logger, about like the ultimate logger, lumberjack. And he was just so good with lumberjack. And he was just so good with lumberjack. And he was just so good with an axe he could cut down at a faster an axe he could cut down at a faster an axe he could cut down at a faster rate than anybody else, but eventually rate than anybody else, but eventually rate than anybody else, but eventually the chainsaw gets invented and despite the chainsaw gets invented and despite the chainsaw gets invented and despite him being this extraordinary guy that him being this extraordinary guy that him being this extraordinary guy that everybody revered and being this real everybody revered and being this real everybody revered and being this real hero, he and and in the Disney retelling hero, he and and in the Disney retelling hero, he and and in the Disney retelling of this, of this, of this, the chainsaw really is the villain. the chainsaw really is the villain. the chainsaw really is the villain. It's painted as the villain all the way It's painted as the villain all the way It's painted as the villain all the way through to the end. You love Paul through to the end. You love Paul through to the end. You love Paul Bunyan. You were sad to see him fall, Bunyan. You were sad to see him fall, Bunyan. You were sad to see him fall, but the reality is he like win he out but the reality is he like win he out but the reality is he like win he out cuts the chainsaw and then he dies or cuts the chainsaw and then he dies or cuts the chainsaw and then he dies or something. something. something. I don't remember like the final final I don't remember like the final final I don't remember like the final final punchline. You would have to look it up, punchline. You would have to look it up, punchline. You would have to look it up, but any kid watching the story of Paul but any kid watching the story of Paul but any kid watching the story of Paul Bunyan goes, "My dad uses a chainsaw not Bunyan goes, "My dad uses a chainsaw not Bunyan goes, "My dad uses a chainsaw not an axe." So you know what ends up being an axe." So you know what ends up being an axe." So you know what ends up being the real winner in all of this. the real winner in all of this. the real winner in all of this. And this is always the case. Like the And this is always the case. Like the And this is always the case. Like the technology is going to advance. technology is going to advance. technology is going to advance. Technology is a promise of a better Technology is a promise of a better Technology is a promise of a better tomorrow as long as we are wired the way tomorrow as long as we are wired the way tomorrow as long as we are wired the way that we're wired, we're always going to that we're wired, we're always going to that we're wired, we're always going to back the thing that gives us a better back the thing that gives us a better back the thing that gives us a better tomorrow. But technological advancements tomorrow. But technological advancements tomorrow. But technological advancements and innovation do not care about the and innovation do not care about the and innovation do not care about the people that get mowed over. And so when people that get mowed over. And so when people that get mowed over. And so when you have these big technological you have these big technological you have these big technological revolutions, there's a generation revolutions, there's a generation revolutions, there's a generation sometimes two that they struggle at a sometimes two that they struggle at a sometimes two that they struggle at a level that is truly profound. But then level that is truly profound. But then level that is truly profound. But then the world makes up for it and we move on the world makes up for it and we move on the world makes up for it and we move on and it just is what it is. And so it's and it just is what it is. And so it's and it just is what it is. And so it's like it it is an unstoppable force. And like it it is an unstoppable force. And like it it is an unstoppable force. And so wasting our time trying to stop it so wasting our time trying to stop it so wasting our time trying to stop it without answering the question, without answering the question, without answering the question, how many people are you willing to kill how many people are you willing to kill how many people are you willing to kill to stop it because you will have to kill to stop it because you will have to kill to stop it because you will have to kill them. them. them. That really is the thing because That really is the thing because That really is the thing because remember like take just that is so remember like take just that is so remember like take just that is so random to pick on Estonia, but take random to pick on Estonia, but take random to pick on Estonia, but take Estonia. They're tiny and they look Estonia. They're tiny and they look Estonia. They're tiny and they look around and go, "How are we going to around and go, "How are we going to around and go, "How are we going to differentiate ourselves from the rest of differentiate ourselves from the rest of differentiate ourselves from the rest of the world?" And so they become the world?" And so they become the world?" And so they become hyper-technological. hyper-technological. hyper-technological. So you can imagine that a country like So you can imagine that a country like So you can imagine that a country like that or El Salvador or some of the that or El Salvador or some of the that or El Salvador or some of the things that they're doing. People go, things that they're doing. People go, things that they're doing. People go, "I've got to compete with the big boys. "I've got to compete with the big boys. "I've got to compete with the big boys. How am I going to do it?" Argentina is How am I going to do it?" Argentina is How am I going to do it?" Argentina is doing this now. Argentina just got Peter doing this now. Argentina just got Peter doing this now. Argentina just got Peter Thiel, one of the richest people on the Thiel, one of the richest people on the Thiel, one of the richest people on the world to buy a home and start planting world to buy a home and start planting world to buy a home and start planting roots there. And they put out a public roots there. And they put out a public roots there. And they put out a public message that was like, "Hey, you think message that was like, "Hey, you think message that was like, "Hey, you think you're being taxed too much by your you're being taxed too much by your you're being taxed too much by your country? Come here." country? Come here." country? Come here." And so anybody that's like, "Oh, were And so anybody that's like, "Oh, were And so anybody that's like, "Oh, were you just crushed? Was your company just you just crushed? Was your company just you just crushed? Was your company just crushed by your government because you crushed by your government because you crushed by your government because you were trying to use AI in your company? were trying to use AI in your company? were trying to use AI in your company? Come to us. We're the safe haven for Come to us. We're the safe haven for Come to us. We're the safe haven for AI." Which then will cause capital to AI." Which then will cause capital to AI." Which then will cause capital to flood over there. So the people that try flood over there. So the people that try flood over there. So the people that try to like crush this stuff down by killing to like crush this stuff down by killing to like crush this stuff down by killing their people. I want to be very clear their people. I want to be very clear their people. I want to be very clear about what has to happen to make that about what has to happen to make that about what has to happen to make that stop. stop. stop. People just leave. And so you might you People just leave. And so you might you People just leave. And so you might you admittedly you might extend the timeline admittedly you might extend the timeline admittedly you might extend the timeline with enough human suffering. You might with enough human suffering. You might with enough human suffering. You might kill enough people that instead of this kill enough people that instead of this kill enough people that instead of this happening in 20 years it happens in 50 happening in 20 years it happens in 50 happening in 20 years it happens in 50 years, but it does happen. And so do we years, but it does happen. And so do we years, but it does happen. And so do we really want to kill a lot of people really want to kill a lot of people really want to kill a lot of people rather than try to find a logical rather than try to find a logical rather than try to find a logical solution? To me it's like the story of solution? To me it's like the story of solution? To me it's like the story of Paul Bunyan is rough. It's sad and we're Paul Bunyan is rough. It's sad and we're Paul Bunyan is rough. It's sad and we're all going to either be or know a Paul all going to either be or know a Paul all going to either be or know a Paul Bunyan in this scenario, but man, like Bunyan in this scenario, but man, like Bunyan in this scenario, but man, like you just have to find ways to adapt you just have to find ways to adapt you just have to find ways to adapt better rather than murder your way to a better rather than murder your way to a better rather than murder your way to a solution. solution. solution. I feel like you've seen many moons. I feel like you've seen many moons. I feel like you've seen many moons. You've been through a couple of decades. You've been through a couple of decades. You've been through a couple of decades. So you've seen this Who's calling me So you've seen this Who's calling me So you've seen this Who's calling me old? That's nice. It's a nice way to say old? That's nice. It's a nice way to say old? That's nice. It's a nice way to say I'm old. That's good. Is this the Is this the moment where you you turn into the kid, moment where you you turn into the kid, moment where you you turn into the kid, then you become the cooler uncle like then you become the cooler uncle like then you become the cooler uncle like cousin older cousin and then you become cousin older cousin and then you become cousin older cousin and then you become the old guy on the lawn like shaking his the old guy on the lawn like shaking his the old guy on the lawn like shaking his fist? Yes. Dude, that's so great. So fist? Yes. Dude, that's so great. So fist? Yes. Dude, that's so great. So what is his name? Shane Gillis has a what is his name? Shane Gillis has a what is his name? Shane Gillis has a hilarious bit on this where he's like um hilarious bit on this where he's like um hilarious bit on this where he's like um uh nobody intends to be a Republican. uh nobody intends to be a Republican. uh nobody intends to be a Republican. He's like, "You don't wake up being like He's like, "You don't wake up being like He's like, "You don't wake up being like I want to be the [ __ ] yelling at kids I want to be the [ __ ] yelling at kids I want to be the [ __ ] yelling at kids to get off my lawn." It's So this is to get off my lawn." It's So this is to get off my lawn." It's So this is about cause and effect. And there's a about cause and effect. And there's a about cause and effect. And there's a real harsh reality to be faced when real harsh reality to be faced when real harsh reality to be faced when raising kids for instance. raising kids for instance. raising kids for instance. Part of why I don't have kids is I did Part of why I don't have kids is I did Part of why I don't have kids is I did not trust myself to like enforce the not trust myself to like enforce the not trust myself to like enforce the level of discipline that I knew would be level of discipline that I knew would be level of discipline that I knew would be good for them in the long run, but it's good for them in the long run, but it's good for them in the long run, but it's really brutal in the short term. Like really brutal in the short term. Like really brutal in the short term. Like I'm still haunted. I have a dog that is I'm still haunted. I have a dog that is I'm still haunted. I have a dog that is very stubborn and she was stealing her very stubborn and she was stealing her very stubborn and she was stealing her sister's food and I had to go interrupt sister's food and I had to go interrupt sister's food and I had to go interrupt it and as a long-time viewer of the dog it and as a long-time viewer of the dog it and as a long-time viewer of the dog whisperer, I put her on her side and do whisperer, I put her on her side and do whisperer, I put her on her side and do that like three-finger like neck that like three-finger like neck that like three-finger like neck pressure thing that's supposed to be pressure thing that's supposed to be pressure thing that's supposed to be like a dog bite and she bit me. like a dog bite and she bit me. like a dog bite and she bit me. And so now I've got to hold her on the And so now I've got to hold her on the And so now I've got to hold her on the ground in that this is where my wife ground in that this is where my wife ground in that this is where my wife starts crying by the way cuz when she starts crying by the way cuz when she starts crying by the way cuz when she gets bit she takes it like so gets bit she takes it like so gets bit she takes it like so personally. And I'm like, "This is what personally. And I'm like, "This is what personally. And I'm like, "This is what dogs do. She wants the food. I'm dogs do. She wants the food. I'm dogs do. She wants the food. I'm stopping her from eating the food." And stopping her from eating the food." And stopping her from eating the food." And so she bites me so I like pin her down. so she bites me so I like pin her down. so she bites me so I like pin her down. In fact, that's why I pinned her down In fact, that's why I pinned her down In fact, that's why I pinned her down was because she bit me when I pulled her was because she bit me when I pulled her was because she bit me when I pulled her away from the food. And I put her down away from the food. And I put her down away from the food. And I put her down and I'm just you know being calm holding and I'm just you know being calm holding and I'm just you know being calm holding her there, but her there, but her there, but she since then she since then she since then just isn't as affectionate with me. And just isn't as affectionate with me. And just isn't as affectionate with me. And like this was this is a while ago. This like this was this is a while ago. This like this was this is a while ago. This is like maybe a month ago. So literally Lisa carried her towards me So literally Lisa carried her towards me this morning and I reached out to her this morning and I reached out to her this morning and I reached out to her and she just turned her head. and she just turned her head. and she just turned her head. And literally it's since I stopped her And literally it's since I stopped her And literally it's since I stopped her from eating her sister's food. That's from eating her sister's food. That's from eating her sister's food. That's crazy. But now if I don't do that I've crazy. But now if I don't do that I've crazy. But now if I don't do that I've got a dog that runs the house. That you got a dog that runs the house. That you got a dog that runs the house. That you cannot have. Yeah. So cannot have. Yeah. So cannot have. Yeah. So there are there are cause and effect there are there are cause and effect there are there are cause and effect things that have to do with the way things that have to do with the way things that have to do with the way economies function. There are cause and economies function. There are cause and economies function. There are cause and effect things that have to do with the effect things that have to do with the effect things that have to do with the way the human mind function. This is why way the human mind function. This is why way the human mind function. This is why I think having some government is good I think having some government is good I think having some government is good because you will get abused by humans. because you will get abused by humans. because you will get abused by humans. Humans are tyrannical if they're not Humans are tyrannical if they're not Humans are tyrannical if they're not checked. checked. checked. So government's good. It's amazing. It's So government's good. It's amazing. It's So government's good. It's amazing. It's weak people coming together and saying I weak people coming together and saying I weak people coming together and saying I want to be protected from somebody want to be protected from somebody want to be protected from somebody that's strong enough to just do whatever that's strong enough to just do whatever that's strong enough to just do whatever the [ __ ] they want like we're doing in the [ __ ] they want like we're doing in the [ __ ] they want like we're doing in Iran. Right? We're the bully that nobody Iran. Right? We're the bully that nobody Iran. Right? We're the bully that nobody can check. And so as hopefully people can check. And so as hopefully people can check. And so as hopefully people can see this can have pretty gnarly can see this can have pretty gnarly can see this can have pretty gnarly consequences. consequences. consequences. So anyway, it's like you get older and So anyway, it's like you get older and So anyway, it's like you get older and you just start realizing like, "Oh [ __ ] you just start realizing like, "Oh [ __ ] you just start realizing like, "Oh [ __ ] there are things that work and there are there are things that work and there are there are things that work and there are things that don't work." And being an things that don't work." And being an things that don't work." And being an entrepreneur certainly has painted my entrepreneur certainly has painted my entrepreneur certainly has painted my view of the world because you have a gun view of the world because you have a gun view of the world because you have a gun to your head if you can either make to your head if you can either make to your head if you can either make payroll or you can't. And so it really payroll or you can't. And so it really payroll or you can't. And so it really forces you or it forced me. I'm shocked forces you or it forced me. I'm shocked forces you or it forced me. I'm shocked how many entrepreneurs don't do this, how many entrepreneurs don't do this, how many entrepreneurs don't do this, but but but it's really forced me to look at my life it's really forced me to look at my life it's really forced me to look at my life through through through cause and effect window that can be cause and effect window that can be cause and effect window that can be mapped in a spreadsheet. So when mapped in a spreadsheet. So when mapped in a spreadsheet. So when something's [clears throat] going wrong something's [clears throat] going wrong something's [clears throat] going wrong I can identify the cell in the I can identify the cell in the I can identify the cell in the spreadsheet that's broken. spreadsheet that's broken. spreadsheet that's broken. And it does make you sound like an And it does make you sound like an And it does make you sound like an [ __ ] though. [ __ ] though. [ __ ] though. Uh you know, it's the cost of doing Uh you know, it's the cost of doing Uh you know, it's the cost of doing business, right? Uh it's the cost of business, right? Uh it's the cost of business, right? Uh it's the cost of being effective. How about that? being effective. How about that? being effective. How about that? >> Yeah, I'll take it. Uh all right, we >> Yeah, I'll take it. Uh all right, we >> Yeah, I'll take it. Uh all right, we have some super chats. Yes, we do. have some super chats. Yes, we do. have some super chats. Yes, we do. Marusha Dark says, "Have you been Marusha Dark says, "Have you been Marusha Dark says, "Have you been tracking GitHub's crash out over the tracking GitHub's crash out over the tracking GitHub's crash out over the last year? Seems they burned credibility last year? Seems they burned credibility last year? Seems they burned credibility with a lot of devs who would have with a lot of devs who would have with a lot of devs who would have formally taken a bullet for them. A lot formally taken a bullet for them. A lot formally taken a bullet for them. A lot of devs mad at Anthropic, too. Elon of devs mad at Anthropic, too. Elon of devs mad at Anthropic, too. Elon called them misanthropic." called them misanthropic." called them misanthropic." Uh I am not aware at all of GitHub's Uh I am not aware at all of GitHub's Uh I am not aware at all of GitHub's crash out. Now you make me want to know crash out. Now you make me want to know crash out. Now you make me want to know more. So I'll definitely be looking into more. So I'll definitely be looking into more. So I'll definitely be looking into that. that. that. Yes, I get the beef with Elon and Yes, I get the beef with Elon and Yes, I get the beef with Elon and Anthropic. Anthropic. Anthropic. The AI thing is going to get violent. The AI thing is going to get violent. The AI thing is going to get violent. People are going to die because of their People are going to die because of their People are going to die because of their stances on AI for sure. The thing that stances on AI for sure. The thing that stances on AI for sure. The thing that scares me the most is my stance on AI. scares me the most is my stance on AI. scares me the most is my stance on AI. Like in terms of what I think the public Like in terms of what I think the public Like in terms of what I think the public will turn on me for. will turn on me for. will turn on me for. That one legitimately unnerves me. My That one legitimately unnerves me. My That one legitimately unnerves me. My poor wife. Um so poor wife. Um so poor wife. Um so When the first like million people lay When the first like million people lay When the first like million people lay off that amount or something happens off that amount or something happens off that amount or something happens everybody There's going to be endless everybody There's going to be endless everybody There's going to be endless clips of me clips of me clips of me saying, "No, it's going to be okay. Like saying, "No, it's going to be okay. Like saying, "No, it's going to be okay. Like come on. This technology is going to come on. This technology is going to come on. This technology is going to take over. Why are we fighting it?" take over. Why are we fighting it?" take over. Why are we fighting it?" Yeah, and I don't think that my comic Yeah, and I don't think that my comic Yeah, and I don't think that my comic book is is going to do me any good where book is is going to do me any good where book is is going to do me any good where I'm like, "No, no, no. Look, I have an I'm like, "No, no, no. Look, I have an I'm like, "No, no, no. Look, I have an idea how we get to the other side of idea how we get to the other side of idea how we get to the other side of this." this." this." People won't care. People won't care. People won't care. Marusha Dark, thank you for the 40 Marusha Dark, thank you for the 40 Marusha Dark, thank you for the 40 total. I feel like we could solve so total. I feel like we could solve so total. I feel like we could solve so many problems if we just taught everyone many problems if we just taught everyone many problems if we just taught everyone economic literacy, but we struggle to economic literacy, but we struggle to economic literacy, but we struggle to even teach many people's alphabetic even teach many people's alphabetic even teach many people's alphabetic literacy. Also thoughts on the new 401k literacy. Also thoughts on the new 401k literacy. Also thoughts on the new 401k e.o. Isn't government matching money e.o. Isn't government matching money e.o. Isn't government matching money printing? Okay, so printing? Okay, so printing? Okay, so yes first of all, when you don't have a yes first of all, when you don't have a yes first of all, when you don't have a balanced budget throwing more fuel on balanced budget throwing more fuel on balanced budget throwing more fuel on the fire. That's one thing I would like the fire. That's one thing I would like the fire. That's one thing I would like to see us do. I don't know that this to see us do. I don't know that this to see us do. I don't know that this generation like if they had some sort of generation like if they had some sort of generation like if they had some sort of cut off like you have to already be cut off like you have to already be cut off like you have to already be actively working. Maybe we have to push actively working. Maybe we have to push actively working. Maybe we have to push the retirement age out, but doing some the retirement age out, but doing some the retirement age out, but doing some sort of matching is dope especially for sort of matching is dope especially for sort of matching is dope especially for like millennials and younger. That's like millennials and younger. That's like millennials and younger. That's really going to be I think a big win. really going to be I think a big win. really going to be I think a big win. Um however, you just can't keep adding Um however, you just can't keep adding Um however, you just can't keep adding to an unbalanced budget. So even though to an unbalanced budget. So even though to an unbalanced budget. So even though I love it, I love it, I love it, you got to balance the budget first. you got to balance the budget first. you got to balance the budget first. The first part of that was something I The first part of that was something I The first part of that was something I really wanted to address. Re-ask that. really wanted to address. Re-ask that. really wanted to address. Re-ask that. Uh it was about Uh it was about Uh it was about uh economic literacy and people uh economic literacy and people uh economic literacy and people struggling to learn the alphabet. struggling to learn the alphabet. struggling to learn the alphabet. >> Um >> Um >> Um We the good news is that we're in an era We the good news is that we're in an era We the good news is that we're in an era now where teachers can be supplemented now where teachers can be supplemented now where teachers can be supplemented by AI, but you have to have some of the by AI, but you have to have some of the by AI, but you have to have some of the best and the brightest teaching. And best and the brightest teaching. And best and the brightest teaching. And when you look back in days of old, there when you look back in days of old, there when you look back in days of old, there were really extraordinary people that were really extraordinary people that were really extraordinary people that were um tutors. And we have to do were um tutors. And we have to do were um tutors. And we have to do something culturally to something culturally to something culturally to um attract incredibly bright people to um attract incredibly bright people to um attract incredibly bright people to the profession of teaching. We have to the profession of teaching. We have to the profession of teaching. We have to do something economic so that there's do something economic so that there's do something economic so that there's huge money to be made. I mean, by way of huge money to be made. I mean, by way of huge money to be made. I mean, by way of like a good uh life. I don't expect like a good uh life. I don't expect like a good uh life. I don't expect teachers to be making um you know, teachers to be making um you know, teachers to be making um you know, millions of dollars a year. But, you do millions of dollars a year. But, you do millions of dollars a year. But, you do want to make sure that they're being want to make sure that they're being want to make sure that they're being compensated very, very well because they compensated very, very well because they compensated very, very well because they are in charge of teaching the future are in charge of teaching the future are in charge of teaching the future generations. Again, I think we need generations. Again, I think we need generations. Again, I think we need fewer teachers armed with AI, fewer teachers armed with AI, fewer teachers armed with AI, uh but uh but uh but the biggest part of the reason that it's the biggest part of the reason that it's the biggest part of the reason that it's difficult to teach economics is difficult to teach economics is difficult to teach economics is economics is very difficult to economics is very difficult to economics is very difficult to understand. Um as somebody that's spent understand. Um as somebody that's spent understand. Um as somebody that's spent the last however many years now learning the last however many years now learning the last however many years now learning about the economy, even I'm routinely about the economy, even I'm routinely about the economy, even I'm routinely like, wait, what? Uh and I have to like like, wait, what? Uh and I have to like like, wait, what? Uh and I have to like spend ungodly hours like trying to go in spend ungodly hours like trying to go in spend ungodly hours like trying to go in and figure out, what does this really and figure out, what does this really and figure out, what does this really mean? And I really wouldn't do it if I mean? And I really wouldn't do it if I mean? And I really wouldn't do it if I didn't own assets because assets become didn't own assets because assets become didn't own assets because assets become the justification where spending this the justification where spending this the justification where spending this level of time allows me to reap economic level of time allows me to reap economic level of time allows me to reap economic rewards for spending that time. rewards for spending that time. rewards for spending that time. But, that's a really big ask for most But, that's a really big ask for most But, that's a really big ask for most people. people. people. Uh and so, if you're paying them, you Uh and so, if you're paying them, you Uh and so, if you're paying them, you know, whatever 30 to 60,000 dollars a know, whatever 30 to 60,000 dollars a know, whatever 30 to 60,000 dollars a year uh to put up with the kids and the year uh to put up with the kids and the year uh to put up with the kids and the parents and all of that and expect them parents and all of that and expect them parents and all of that and expect them to be good at that and get so good at it to be good at that and get so good at it to be good at that and get so good at it that they could make enough money off of that they could make enough money off of that they could make enough money off of what they're able to teach, but they what they're able to teach, but they what they're able to teach, but they still want to stay engaged with still want to stay engaged with still want to stay engaged with teaching. teaching. teaching. Um yeah, that one's tough. Uh man, super Um yeah, that one's tough. Uh man, super Um yeah, that one's tough. Uh man, super random note, but there I saw a game random note, but there I saw a game random note, but there I saw a game developer, young kid, like really doing developer, young kid, like really doing developer, young kid, like really doing interesting stuff. And he was like, interesting stuff. And he was like, interesting stuff. And he was like, yeah, I'm going to tap out of game dev. yeah, I'm going to tap out of game dev. yeah, I'm going to tap out of game dev. And the guy interviewing him was like, And the guy interviewing him was like, And the guy interviewing him was like, why? And he was like, well, I think I'm why? And he was like, well, I think I'm why? And he was like, well, I think I'm just going to go invest. just going to go invest. just going to go invest. And I was like, uh And I was like, uh And I was like, uh that really is where we're at. Like, he that really is where we're at. Like, he that really is where we're at. Like, he from an economic standpoint, I've got no from an economic standpoint, I've got no from an economic standpoint, I've got no arguments. Like, yeah, that's you should arguments. Like, yeah, that's you should arguments. Like, yeah, that's you should be doing that. Because be doing that. Because be doing that. Because uh doing game development is years of uh doing game development is years of uh doing game development is years of your life on huge question marks. your life on huge question marks. your life on huge question marks. Whereas investing, it's like other Whereas investing, it's like other Whereas investing, it's like other people are taking the risk. You've just people are taking the risk. You've just people are taking the risk. You've just got to back enough right horses over a got to back enough right horses over a got to back enough right horses over a long period of time. You'll be fine. And long period of time. You'll be fine. And long period of time. You'll be fine. And compound interest will just keep compound interest will just keep compound interest will just keep building and building and building. building and building and building. building and building and building. >> you learn, oh god. So, anyway, makes me >> you learn, oh god. So, anyway, makes me >> you learn, oh god. So, anyway, makes me sad, but that's where we're at. Tally sad, but that's where we're at. Tally sad, but that's where we're at. Tally for life with a $50 super chat. for life with a $50 super chat. for life with a $50 super chat. >> Hey, thank you, Tally, for the Let's go. >> Hey, thank you, Tally, for the Let's go. >> Hey, thank you, Tally, for the Let's go. Let's go. And by the way, quick, before Let's go. And by the way, quick, before Let's go. And by the way, quick, before you read this, quick shout-out to you read this, quick shout-out to you read this, quick shout-out to Marushia Dark, who always comes in hot. Marushia Dark, who always comes in hot. Marushia Dark, who always comes in hot. We were talking about you before we went We were talking about you before we went We were talking about you before we went live, dude. What a long-time supporter live, dude. What a long-time supporter live, dude. What a long-time supporter of the show. So grateful to you. And a of the show. So grateful to you. And a of the show. So grateful to you. And a moderator on the Discord. Shout-out to moderator on the Discord. Shout-out to moderator on the Discord. Shout-out to Marushia. Marushia. Marushia. >> [laughter] >> [laughter] >> [laughter] >> Marushia. The local church used to be >> Marushia. The local church used to be >> Marushia. The local church used to be the glue that held society together. the glue that held society together. the glue that held society together. People used to find someone to marry People used to find someone to marry People used to find someone to marry there, found help when they were down in there, found help when they were down in there, found help when they were down in life, community, friends. God was kicked life, community, friends. God was kicked life, community, friends. God was kicked out of schools and replaced with out of schools and replaced with out of schools and replaced with sickness. sickness. sickness. >> Yeah. Yeah, listen, you I don't think >> Yeah. Yeah, listen, you I don't think >> Yeah. Yeah, listen, you I don't think you want to force-feed people religion. you want to force-feed people religion. you want to force-feed people religion. Um I'm very glad that I was raised in an Um I'm very glad that I was raised in an Um I'm very glad that I was raised in an era where we still believed that the era where we still believed that the era where we still believed that the individual was uh the point of individual was uh the point of individual was uh the point of sovereignty and divinity. Uh but that I sovereignty and divinity. Uh but that I sovereignty and divinity. Uh but that I wasn't being forced to believe um in wasn't being forced to believe um in wasn't being forced to believe um in anything that I didn't uh believe in. anything that I didn't uh believe in. anything that I didn't uh believe in. So, I think that's good. I think there's So, I think that's good. I think there's So, I think that's good. I think there's a reason we separate church and state. I a reason we separate church and state. I a reason we separate church and state. I think that's very good. think that's very good. think that's very good. Um but, we do have a reality to be Um but, we do have a reality to be Um but, we do have a reality to be faced, which is that there is a faced, which is that there is a faced, which is that there is a god-shaped hole in people's hearts that god-shaped hole in people's hearts that god-shaped hole in people's hearts that will be filled with something. And will be filled with something. And will be filled with something. And religion is an extraordinary religion is an extraordinary religion is an extraordinary way to pass on values. And if you have a way to pass on values. And if you have a way to pass on values. And if you have a religion that is uh benevolent and truly religion that is uh benevolent and truly religion that is uh benevolent and truly interested in taking care of the poor, interested in taking care of the poor, interested in taking care of the poor, um now you've got a very localized way um now you've got a very localized way um now you've got a very localized way to go, I know this guy, they are worthy, to go, I know this guy, they are worthy, to go, I know this guy, they are worthy, let us help them. And I know this guy, let us help them. And I know this guy, let us help them. And I know this guy, and he's a thieving [ __ ] and we're and he's a thieving [ __ ] and we're and he's a thieving [ __ ] and we're not going to help him. And so, that's not going to help him. And so, that's not going to help him. And so, that's the kind of thing you need. Right now, the kind of thing you need. Right now, the kind of thing you need. Right now, you do it at the government level, you you do it at the government level, you you do it at the government level, you see just how insane the fraud gets cuz see just how insane the fraud gets cuz see just how insane the fraud gets cuz there's nobody that knows these people. there's nobody that knows these people. there's nobody that knows these people. So, it gets rough fast. So, it gets rough fast. So, it gets rough fast. Question Things says, our ability to Question Things says, our ability to Question Things says, our ability to question things is in a society is the question things is in a society is the question things is in a society is the greatest currency. Thanks, guys. greatest currency. Thanks, guys. greatest currency. Thanks, guys. Jonathan. Yeah, agreed. You also need Jonathan. Yeah, agreed. You also need Jonathan. Yeah, agreed. You also need people to be able to say what they think people to be able to say what they think people to be able to say what they think is true, especially is true, especially is true, especially um I was going to say before the age of um I was going to say before the age of um I was going to say before the age of AI, but the reality is AI is so prone to AI, but the reality is AI is so prone to AI, but the reality is AI is so prone to lie to you, you have to be very careful. lie to you, you have to be very careful. lie to you, you have to be very careful. Um that you need people to say what they Um that you need people to say what they Um that you need people to say what they think is true. Look at COVID, man. I think is true. Look at COVID, man. I think is true. Look at COVID, man. I think we're going to look back on COVID think we're going to look back on COVID think we're going to look back on COVID and have a very different view of what and have a very different view of what and have a very different view of what it felt like in the middle of it uh when it felt like in the middle of it uh when it felt like in the middle of it uh when people were being told to shut up. people were being told to shut up. people were being told to shut up. So, yeah, people need to be able to say So, yeah, people need to be able to say So, yeah, people need to be able to say what they think is true. And there's what they think is true. And there's what they think is true. And there's basically only America that has that for basically only America that has that for basically only America that has that for real. Like, I used to think it was the real. Like, I used to think it was the real. Like, I used to think it was the UK as well and many countries in the UK as well and many countries in the UK as well and many countries in the West. Nope. Uh in the UK, you get jailed West. Nope. Uh in the UK, you get jailed West. Nope. Uh in the UK, you get jailed faster for things you say on social faster for things you say on social faster for things you say on social media than in Russia, which is wild. So, media than in Russia, which is wild. So, media than in Russia, which is wild. So, uh we've got America, and even America's uh we've got America, and even America's uh we've got America, and even America's on shaky ass ground. And I mean that on shaky ass ground. And I mean that on shaky ass ground. And I mean that culturally. I mean, young people are way culturally. I mean, young people are way culturally. I mean, young people are way less interested in freedom of speech, less interested in freedom of speech, less interested in freedom of speech, which is crazy. which is crazy. which is crazy. Voodoo Priest says, hey guys, as we're Voodoo Priest says, hey guys, as we're Voodoo Priest says, hey guys, as we're in a populist moment, do you feel the in a populist moment, do you feel the in a populist moment, do you feel the red-blue button nonsense is being red-blue button nonsense is being red-blue button nonsense is being debated this emotionally because of debated this emotionally because of debated this emotionally because of political allegory? Like, if the colors political allegory? Like, if the colors political allegory? Like, if the colors were green and yellow, would people were green and yellow, would people were green and yellow, would people still be this emotional? Yes. still be this emotional? Yes. still be this emotional? Yes. Yeah, the the team doesn't matter. Yeah, the the team doesn't matter. Yeah, the the team doesn't matter. From that perspective. It is From that perspective. It is From that perspective. It is interesting, though, how red just keeps interesting, though, how red just keeps interesting, though, how red just keeps making its way uh into things. Black, making its way uh into things. Black, making its way uh into things. Black, red, they There's color theory around red, they There's color theory around red, they There's color theory around why that is. Speaking of the daughter why that is. Speaking of the daughter why that is. Speaking of the daughter that got herself in trouble. that got herself in trouble. that got herself in trouble. Um Um Um so, yeah. I mean, you you could pry into so, yeah. I mean, you you could pry into so, yeah. I mean, you you could pry into that stuff, but I don't think that's a that stuff, but I don't think that's a that stuff, but I don't think that's a meaningful part of it. I think the meaningful part of it. I think the meaningful part of it. I think the biggest part of all of this is simply uh biggest part of all of this is simply uh biggest part of all of this is simply uh the pie actually is shrinking. And when the pie actually is shrinking. And when the pie actually is shrinking. And when a pie is shrinking and you're having a pie is shrinking and you're having a pie is shrinking and you're having trouble making ends meet, you're going trouble making ends meet, you're going trouble making ends meet, you're going to fight for You're going to find to fight for You're going to find to fight for You're going to find yourself going onto a team cuz you need yourself going onto a team cuz you need yourself going onto a team cuz you need someone to help fight you. Remember, someone to help fight you. Remember, someone to help fight you. Remember, governments are weak people coming governments are weak people coming governments are weak people coming together to defeat the strong. And so, together to defeat the strong. And so, together to defeat the strong. And so, if you're feeling in a weakened if you're feeling in a weakened if you're feeling in a weakened position, you're way more likely to jump position, you're way more likely to jump position, you're way more likely to jump on a team to make sure that you've got on a team to make sure that you've got on a team to make sure that you've got more people fighting for you. more people fighting for you. more people fighting for you. And that's it for the super chats. And that's it for the super chats. And that's it for the super chats. >> And having the team is definitely the >> And having the team is definitely the >> And having the team is definitely the biggest thing. All right, let's jump biggest thing. All right, let's jump biggest thing. All right, let's jump into a new bill that was just passed. into a new bill that was just passed. into a new bill that was just passed. This is FISA 702, and it just passed the This is FISA 702, and it just passed the This is FISA 702, and it just passed the House. This bill lets the government House. This bill lets the government House. This bill lets the government search Americans' private communications search Americans' private communications search Americans' private communications without a warrant, in direct violation without a warrant, in direct violation without a warrant, in direct violation of the Fourth Amendment. But, don't of the Fourth Amendment. But, don't of the Fourth Amendment. But, don't blame the GOP alone. 42 Democrats blame the GOP alone. 42 Democrats blame the GOP alone. 42 Democrats betrayed the American people to help betrayed the American people to help betrayed the American people to help Mike Johnson pass it. Mike Johnson pass it. Mike Johnson pass it. >> Mhm. >> Mhm. >> Mhm. Also, I think this has gone Also, I think this has gone Also, I think this has gone uh unchallenged by multiple uh unchallenged by multiple uh unchallenged by multiple administrations. That's the bad news. administrations. That's the bad news. administrations. That's the bad news. But, listen, Republicans got to hold the But, listen, Republicans got to hold the But, listen, Republicans got to hold the L. Like, this is they're in control L. Like, this is they're in control L. Like, this is they're in control right now. right now. right now. Uh so, sure, you've got Democrats that Uh so, sure, you've got Democrats that Uh so, sure, you've got Democrats that are voting uh for this as well, but this are voting uh for this as well, but this are voting uh for this as well, but this really really really uh can be laid at the feet right now of uh can be laid at the feet right now of uh can be laid at the feet right now of the Republicans. the Republicans. the Republicans. So, to all of you out there, bad news. So, to all of you out there, bad news. So, to all of you out there, bad news. The US government has decided to The US government has decided to The US government has decided to continue spying on you. The continue spying on you. The continue spying on you. The Constitution? Apparently, it's merely a Constitution? Apparently, it's merely a Constitution? Apparently, it's merely a suggestion, which makes me very sad. suggestion, which makes me very sad. suggestion, which makes me very sad. Section 702 of the Foreign Intelligence Section 702 of the Foreign Intelligence Section 702 of the Foreign Intelligence Surveillance Act has been extended. Now, Surveillance Act has been extended. Now, Surveillance Act has been extended. Now, on paper, 702 only permits surveillance on paper, 702 only permits surveillance on paper, 702 only permits surveillance of non-US persons located outside of the of non-US persons located outside of the of non-US persons located outside of the United States. Um United States. Um United States. Um so, you're going to hear a lot of people so, you're going to hear a lot of people so, you're going to hear a lot of people saying, what's the problem? This is saying, what's the problem? This is saying, what's the problem? This is about foreign people, and of course we about foreign people, and of course we about foreign people, and of course we need to keep an eye on them. And we're need to keep an eye on them. And we're need to keep an eye on them. And we're not targeting American citizens, and not targeting American citizens, and not targeting American citizens, and we're not targeting anyone here in the we're not targeting anyone here in the we're not targeting anyone here in the United States. But, the word targeting United States. But, the word targeting United States. But, the word targeting is going to be doing a lot of heavy is going to be doing a lot of heavy is going to be doing a lot of heavy lifting. lifting. lifting. So, the problem is that downstream, So, the problem is that downstream, So, the problem is that downstream, even if US citizens and people inside even if US citizens and people inside even if US citizens and people inside the US aren't expressly targeted, when the US aren't expressly targeted, when the US aren't expressly targeted, when the NSA collects communications from the the NSA collects communications from the the NSA collects communications from the roughly 350,000 roughly 350,000 roughly 350,000 foreign targets that they spy on foreign targets that they spy on foreign targets that they spy on annually, many of those foreign targets annually, many of those foreign targets annually, many of those foreign targets are speaking to, you guessed it, are speaking to, you guessed it, are speaking to, you guessed it, Americans. So, Americans' emails, texts, Americans. So, Americans' emails, texts, Americans. So, Americans' emails, texts, calls, all of it. All ends up in 702 calls, all of it. All ends up in 702 calls, all of it. All ends up in 702 database, even though Americans weren't database, even though Americans weren't database, even though Americans weren't actually targeted. The FBI, CIA, NSA, actually targeted. The FBI, CIA, NSA, actually targeted. The FBI, CIA, NSA, National Counterterrorism Center, all of National Counterterrorism Center, all of National Counterterrorism Center, all of it, they can and do run thousands of it, they can and do run thousands of it, they can and do run thousands of warrantless searches against that warrantless searches against that warrantless searches against that database, expressly using American database, expressly using American database, expressly using American names. Okay? names. Okay? names. Okay? addresses. They do it on purpose. addresses. They do it on purpose. addresses. They do it on purpose. >> [clears throat] >> [clears throat] >> [clears throat] >> So, how it ended up in the database >> So, how it ended up in the database >> So, how it ended up in the database becomes of little concern if you know becomes of little concern if you know becomes of little concern if you know that you're still using it without a that you're still using it without a that you're still using it without a warrant to do all these searches. warrant to do all these searches. warrant to do all these searches. They're known as backdoor searches, and They're known as backdoor searches, and They're known as backdoor searches, and the government does them routinely. the government does them routinely. the government does them routinely. Again, without warrants. The abuse Again, without warrants. The abuse Again, without warrants. The abuse record is freakishly well documented. record is freakishly well documented. record is freakishly well documented. FBI queries have hit protesters, FBI queries have hit protesters, FBI queries have hit protesters, journalists, donors, members of journalists, donors, members of journalists, donors, members of Congress, Congress, Congress, uh political campaigns. In August of uh political campaigns. In August of uh political campaigns. In August of 2024, the DOJ found FBI agents had been 2024, the DOJ found FBI agents had been 2024, the DOJ found FBI agents had been using a tool that bypassed even the using a tool that bypassed even the using a tool that bypassed even the weak-ass procedural reforms that weak-ass procedural reforms that weak-ass procedural reforms that Congress had put in place. Okay? These Congress had put in place. Okay? These Congress had put in place. Okay? These guys are getting around this stuff on guys are getting around this stuff on guys are getting around this stuff on purpose. They want this so they can spy purpose. They want this so they can spy purpose. They want this so they can spy on everybody. on everybody. on everybody. This is unlawful. This is unlawful. This is unlawful. And the program was supposed to sunset And the program was supposed to sunset And the program was supposed to sunset April 20th of 2026. But, the House just April 20th of 2026. But, the House just April 20th of 2026. But, the House just passed a 45-day extension. The Senate passed a 45-day extension. The Senate passed a 45-day extension. The Senate signed off as well. And there are signed off as well. And there are signed off as well. And there are reforms on the table that add written reforms on the table that add written reforms on the table that add written justifications justifications justifications um and attorney approval needs for these um and attorney approval needs for these um and attorney approval needs for these queries, but still, they don't require a queries, but still, they don't require a queries, but still, they don't require a warrant, which is what you should be warrant, which is what you should be warrant, which is what you should be getting if you want to be getting if you want to be getting if you want to be constitutionally accurate. And that's constitutionally accurate. And that's constitutionally accurate. And that's what privacy hawks on both sides are what privacy hawks on both sides are what privacy hawks on both sides are asking for, by the way, uh but they're asking for, by the way, uh but they're asking for, by the way, uh but they're not getting. Now, my hope is that the not getting. Now, my hope is that the not getting. Now, my hope is that the reason that they're doing the 45-day reason that they're doing the 45-day reason that they're doing the 45-day extension is because they could not get extension is because they could not get extension is because they could not get everybody on board. There are more everybody on board. There are more everybody on board. There are more conservative people that are like, nope, conservative people that are like, nope, conservative people that are like, nope, we're not doing this. They tried to we're not doing this. They tried to we're not doing this. They tried to throw them the CBDC thing, which I do throw them the CBDC thing, which I do throw them the CBDC thing, which I do want, by the way, that bans that. want, by the way, that bans that. want, by the way, that bans that. Uh but, they didn't buy They I think Uh but, they didn't buy They I think Uh but, they didn't buy They I think they went for it in the Senate, but not they went for it in the Senate, but not they went for it in the Senate, but not in the House. Um so, yeah, anyway, they in the House. Um so, yeah, anyway, they in the House. Um so, yeah, anyway, they pivoted to this version, which at least pivoted to this version, which at least pivoted to this version, which at least is only 45 days, but man, it's hard for is only 45 days, but man, it's hard for is only 45 days, but man, it's hard for people to maintain a level of um outrage people to maintain a level of um outrage people to maintain a level of um outrage long enough to stop these guys from long enough to stop these guys from long enough to stop these guys from doing this kind of stuff. So, while I doing this kind of stuff. So, while I doing this kind of stuff. So, while I have no evidence, I imagine it goes have no evidence, I imagine it goes have no evidence, I imagine it goes something like this. By us 45 days, something like this. By us 45 days, something like this. By us 45 days, people won't get as worked up about it people won't get as worked up about it people won't get as worked up about it the second time around uh and we'll be the second time around uh and we'll be the second time around uh and we'll be able to get this thing through. It's able to get this thing through. It's able to get this thing through. It's wild. It's really frustrating. It is wild. It's really frustrating. It is wild. It's really frustrating. It is really frustrating, man. We at some really frustrating, man. We at some really frustrating, man. We at some point just abandoned the idea of keep point just abandoned the idea of keep point just abandoned the idea of keep government small. government small. government small. Yeah. And speaking of this brawling Yeah. And speaking of this brawling Yeah. And speaking of this brawling government, they are officially wrapping government, they are officially wrapping government, they are officially wrapping up the shutdown. Uh up the shutdown. Uh up the shutdown. Uh Senate and the House have agreed to a Senate and the House have agreed to a Senate and the House have agreed to a funding deal that would partially fund funding deal that would partially fund funding deal that would partially fund DHS, but all of the shutdown stuff might DHS, but all of the shutdown stuff might DHS, but all of the shutdown stuff might be finally done. So. Yeah, I think it be finally done. So. Yeah, I think it be finally done. So. Yeah, I think it officially is, right? Didn't he already officially is, right? Didn't he already officially is, right? Didn't he already sign this? I think it was signed sign this? I think it was signed sign this? I think it was signed yesterday. So, yesterday. So, yesterday. So, um yeah, the good news is that we at um yeah, the good news is that we at um yeah, the good news is that we at least now have uh a funded DHS, but the least now have uh a funded DHS, but the least now have uh a funded DHS, but the battle continues in terms of um border battle continues in terms of um border battle continues in terms of um border enforcement. So, if you get down with enforcement. So, if you get down with enforcement. So, if you get down with strong borders, strong borders, strong borders, uh you're going to be maybe less keen on uh you're going to be maybe less keen on uh you're going to be maybe less keen on this, but they're what the Republicans this, but they're what the Republicans this, but they're what the Republicans are saying is we're going to do all of are saying is we're going to do all of are saying is we're going to do all of this through uh budget reconciliation. this through uh budget reconciliation. this through uh budget reconciliation. So, it is going to be funded. You don't So, it is going to be funded. You don't So, it is going to be funded. You don't have to worry about that. have to worry about that. have to worry about that. So, we'll see. The battle continues, uh So, we'll see. The battle continues, uh So, we'll see. The battle continues, uh but it does look like that the but it does look like that the but it does look like that the Republicans just finally realized we Republicans just finally realized we Republicans just finally realized we don't have the leverage here. We're not don't have the leverage here. We're not don't have the leverage here. We're not going to be able to get this done. So, going to be able to get this done. So, going to be able to get this done. So, capitulate, capitulate. Which is fine. I capitulate, capitulate. Which is fine. I capitulate, capitulate. Which is fine. I mean, listen, ultimately politics has to mean, listen, ultimately politics has to mean, listen, ultimately politics has to get done. There is always going to be get done. There is always going to be get done. There is always going to be compromises everywhere, uh and as long compromises everywhere, uh and as long compromises everywhere, uh and as long as the enforcement actions that we need as the enforcement actions that we need as the enforcement actions that we need to keep Americans safe are in place, to keep Americans safe are in place, to keep Americans safe are in place, um yeah, great. You're You're going to um yeah, great. You're You're going to um yeah, great. You're You're going to have to do something to get this stuff have to do something to get this stuff have to do something to get this stuff across because, man, it it has been, I across because, man, it it has been, I across because, man, it it has been, I think, unnecessarily risky at a time think, unnecessarily risky at a time think, unnecessarily risky at a time where where where we're at war with Iran and the odds that we're at war with Iran and the odds that we're at war with Iran and the odds that there are like sleeper cells and stuff there are like sleeper cells and stuff there are like sleeper cells and stuff is distressingly high. Uh for that to be is distressingly high. Uh for that to be is distressingly high. Uh for that to be unfunded is a bad idea. So, I'm not unfunded is a bad idea. So, I'm not unfunded is a bad idea. So, I'm not super uh freaked out about this one. Got super uh freaked out about this one. Got super uh freaked out about this one. Got you. Got you. All right. Now, also you. Got you. All right. Now, also you. Got you. All right. Now, also staying in Congress, Rand Paul staying in Congress, Rand Paul staying in Congress, Rand Paul is going after Fauci. Um this is what he is going after Fauci. Um this is what he is going after Fauci. Um this is what he tweeted yesterday. I've said it from the tweeted yesterday. I've said it from the tweeted yesterday. I've said it from the beginning, lying to Congress is a beginning, lying to Congress is a beginning, lying to Congress is a felony, destroying federal records is a felony, destroying federal records is a felony, destroying federal records is a felony, advising others to destroy felony, advising others to destroy felony, advising others to destroy federal records is a felony. Fauci did federal records is a felony. Fauci did federal records is a felony. Fauci did all three. His advisor was just all three. His advisor was just all three. His advisor was just indicted. Fauci is next. The pressure to indicted. Fauci is next. The pressure to indicted. Fauci is next. The pressure to prosecute Fauci The deadline to prosecute Fauci The deadline to prosecute Fauci The deadline to prosecute Fauci is May 11th. The DOJ prosecute Fauci is May 11th. The DOJ prosecute Fauci is May 11th. The DOJ must act now. I'm going to give you a must act now. I'm going to give you a must act now. I'm going to give you a yes or no, then I'm going to let you yes or no, then I'm going to let you yes or no, then I'm going to let you cook. cook. cook. Should Fauci be prosecuted? Should Fauci be prosecuted? Should Fauci be prosecuted? Here's the bad news. I don't know. I'm Here's the bad news. I don't know. I'm Here's the bad news. I don't know. I'm not super close to this one. So, I have not super close to this one. So, I have not super close to this one. So, I have a feeling as this heats up, I'll a feeling as this heats up, I'll a feeling as this heats up, I'll probably do more and more research on probably do more and more research on probably do more and more research on it. So, the easy one is to say that if it. So, the easy one is to say that if it. So, the easy one is to say that if he was he was he was lying about things, if he was telling lying about things, if he was telling lying about things, if he was telling people to destroy records, yes. So, this people to destroy records, yes. So, this people to destroy records, yes. So, this is one where I'm like, "Hey, don't do is one where I'm like, "Hey, don't do is one where I'm like, "Hey, don't do political prosecutions unless there's political prosecutions unless there's political prosecutions unless there's like it's a real slam dunk case. You like it's a real slam dunk case. You like it's a real slam dunk case. You cannot allow people to do this." If he cannot allow people to do this." If he cannot allow people to do this." If he is doing the things that he was accused is doing the things that he was accused is doing the things that he was accused of, yeah, you cannot have people do of, yeah, you cannot have people do of, yeah, you cannot have people do that, dude. The way that we handled that, dude. The way that we handled that, dude. The way that we handled COVID to me was patently insane and COVID to me was patently insane and COVID to me was patently insane and forcing people to get inoculated is forcing people to get inoculated is forcing people to get inoculated is absolutely crazy. Like, to me, oh god, absolutely crazy. Like, to me, oh god, absolutely crazy. Like, to me, oh god, this is not going to be a popular this is not going to be a popular this is not going to be a popular position, but to me, people need to have position, but to me, people need to have position, but to me, people need to have bodily autonomy. bodily autonomy. bodily autonomy. And um I want to live in a world where And um I want to live in a world where And um I want to live in a world where if the public wants to shun somebody if the public wants to shun somebody if the public wants to shun somebody because like I I I'm not going to let because like I I I'm not going to let because like I I I'm not going to let you be around me because you haven't you be around me because you haven't you be around me because you haven't gotten vaccinated, cool. But the gotten vaccinated, cool. But the gotten vaccinated, cool. But the government's going to stay the [ __ ] out government's going to stay the [ __ ] out government's going to stay the [ __ ] out of it. of it. of it. And the fact that we were all like, And the fact that we were all like, And the fact that we were all like, "Yeah, cool." Like people are losing "Yeah, cool." Like people are losing "Yeah, cool." Like people are losing their jobs be like government jobs their jobs be like government jobs their jobs be like government jobs because they refuse to get vaccinated is because they refuse to get vaccinated is because they refuse to get vaccinated is insane. And I'm saying like let's say insane. And I'm saying like let's say insane. And I'm saying like let's say that you're like that you're like that you're like it's it's empirically proven. If you it's it's empirically proven. If you it's it's empirically proven. If you don't get the vaccination, that you put don't get the vaccination, that you put don't get the vaccination, that you put me at greater risk. I still shouldn't me at greater risk. I still shouldn't me at greater risk. I still shouldn't have the right to force you to get the have the right to force you to get the have the right to force you to get the vaccination at the government level. vaccination at the government level. vaccination at the government level. That is insane. Now, if I want to say I That is insane. Now, if I want to say I That is insane. Now, if I want to say I refuse to be around you, absolutely [ __ ] refuse to be around you, absolutely [ __ ] refuse to be around you, absolutely [ __ ] you a thousandfold. Like personally, you a thousandfold. Like personally, you a thousandfold. Like personally, just as me saying you're doing a bad just as me saying you're doing a bad just as me saying you're doing a bad thing, I think you're a bad person, stay thing, I think you're a bad person, stay thing, I think you're a bad person, stay the [ __ ] away from me, you're not going the [ __ ] away from me, you're not going the [ __ ] away from me, you're not going to be near my kids. At hard pass, like to be near my kids. At hard pass, like to be near my kids. At hard pass, like whatever, I'm going to check public whatever, I'm going to check public whatever, I'm going to check public spaces. If you're going to be there, I'm spaces. If you're going to be there, I'm spaces. If you're going to be there, I'm not going to be there. Cool. Do your not going to be there. Cool. Do your not going to be there. Cool. Do your thing. But oh man, you should not be thing. But oh man, you should not be thing. But oh man, you should not be allowed to say you lose your job allowed to say you lose your job allowed to say you lose your job uh at the government. If a private uh at the government. If a private uh at the government. If a private company wants to take a stance, fine. company wants to take a stance, fine. company wants to take a stance, fine. But if a government job that's being But if a government job that's being But if a government job that's being funded by the public says that, for me, funded by the public says that, for me, funded by the public says that, for me, that is a way hard pass. And then the that is a way hard pass. And then the that is a way hard pass. And then the thing that I was the most outraged, I'm thing that I was the most outraged, I'm thing that I was the most outraged, I'm not asking people to join me, but this not asking people to join me, but this not asking people to join me, but this is the thing that really lit me up was is the thing that really lit me up was is the thing that really lit me up was them saying uh that true thing that you them saying uh that true thing that you them saying uh that true thing that you just said, just said, just said, that hurts our ability to get compliance that hurts our ability to get compliance that hurts our ability to get compliance and therefore like you can't be allowed and therefore like you can't be allowed and therefore like you can't be allowed to say it. It's called malinformation. to say it. It's called malinformation. to say it. It's called malinformation. Something that we all agree is true, but Something that we all agree is true, but Something that we all agree is true, but it's inconvenient and therefore you it's inconvenient and therefore you it's inconvenient and therefore you can't say it. [ __ ] you and the horse you can't say it. [ __ ] you and the horse you can't say it. [ __ ] you and the horse you rode on. That uh that is a level of rode on. That uh that is a level of rode on. That uh that is a level of tyranny, bro. That one for me is tyranny, bro. That one for me is tyranny, bro. That one for me is psychotic. psychotic. psychotic. So, yeah, it's that it's psychotic So, yeah, it's that it's psychotic So, yeah, it's that it's psychotic because it's so dangerous. Like once because it's so dangerous. Like once because it's so dangerous. Like once people can't say what they think is people can't say what they think is people can't say what they think is true, we can't try and triangulate on true, we can't try and triangulate on true, we can't try and triangulate on the truth. We can't find an actual the truth. We can't find an actual the truth. We can't find an actual sensible path forward. sensible path forward. sensible path forward. But I know some people are just like But I know some people are just like But I know some people are just like safety over everything and if you could safety over everything and if you could safety over everything and if you could put me in danger, yeah, [ __ ] them, chain put me in danger, yeah, [ __ ] them, chain put me in danger, yeah, [ __ ] them, chain them down, jab them. them down, jab them. them down, jab them. Uh I'm just not there. Uh I'm just not there. Uh I'm just not there. Yeah. It's It's interesting to see how Yeah. It's It's interesting to see how Yeah. It's It's interesting to see how how things actually play out with it how things actually play out with it how things actually play out with it because because because on one side, I get where they're trying on one side, I get where they're trying on one side, I get where they're trying to go and I get the right scene. I to go and I get the right scene. I to go and I get the right scene. I always try to leave it empty of like, always try to leave it empty of like, always try to leave it empty of like, "Okay, I get why you thought that was a "Okay, I get why you thought that was a "Okay, I get why you thought that was a good idea at the time with the good idea at the time with the good idea at the time with the information you had present." information you had present." information you had present." >> Yeah, sure. You know what I mean? So, >> Yeah, sure. You know what I mean? So, >> Yeah, sure. You know what I mean? So, I'm trying to give them grace there, but I'm trying to give them grace there, but I'm trying to give them grace there, but there has been a lack of accountability there has been a lack of accountability there has been a lack of accountability of like and just say, "Hey, my bad. We of like and just say, "Hey, my bad. We of like and just say, "Hey, my bad. We were trying our best." and walking away, were trying our best." and walking away, were trying our best." and walking away, I feel like something else needs to be I feel like something else needs to be I feel like something else needs to be done. Well, also, I I from the little done. Well, also, I I from the little done. Well, also, I I from the little bit I have seen on Fauci, it doesn't bit I have seen on Fauci, it doesn't bit I have seen on Fauci, it doesn't look like that's the case. He's straight look like that's the case. He's straight look like that's the case. He's straight telling people, "Destroy this email once telling people, "Destroy this email once telling people, "Destroy this email once you've read it." Um other people have you've read it." Um other people have you've read it." Um other people have said, "Oh, he's told me privately that said, "Oh, he's told me privately that said, "Oh, he's told me privately that you can like bring a document to his you can like bring a document to his you can like bring a document to his house, but don't send him an email." house, but don't send him an email." house, but don't send him an email." This is a guy who's like, "I don't want This is a guy who's like, "I don't want This is a guy who's like, "I don't want FOIA requests." Um that I don't know if FOIA requests." Um that I don't know if FOIA requests." Um that I don't know if it was him, but other people have like it was him, but other people have like it was him, but other people have like inserted other words or they'll inserted other words or they'll inserted other words or they'll intentionally misspell something. So, intentionally misspell something. So, intentionally misspell something. So, when a FOIA request is put forward and when a FOIA request is put forward and when a FOIA request is put forward and you do the search, it doesn't show up. you do the search, it doesn't show up. you do the search, it doesn't show up. Bro, you can't do that [ __ ] So, that Bro, you can't do that [ __ ] So, that Bro, you can't do that [ __ ] So, that that is wild. Yeah. that is wild. Yeah. that is wild. Yeah. Working in the gray area. I mean, go Working in the gray area. I mean, go Working in the gray area. I mean, go Rand Paul. It'll be uh interesting to Rand Paul. It'll be uh interesting to Rand Paul. It'll be uh interesting to see if he's effective at this, but see if he's effective at this, but see if he's effective at this, but he's got people in his sights. And he's got people in his sights. And he's got people in his sights. And that's the thing. Him, Rand, Thomas that's the thing. Him, Rand, Thomas that's the thing. Him, Rand, Thomas Massie, I love them to death. They're Massie, I love them to death. They're Massie, I love them to death. They're trying their best, but there is trying their best, but there is trying their best, but there is something to populism. There is something to populism. There is something to populism. There is something to rallying the truths something to rallying the truths something to rallying the truths together and I think they're together and I think they're together and I think they're posture as we're the adults in the room, posture as we're the adults in the room, posture as we're the adults in the room, we'll tell you what to do, isn't we'll tell you what to do, isn't we'll tell you what to do, isn't necessarily hitting in this moment. So. necessarily hitting in this moment. So. necessarily hitting in this moment. So. >> Well, also, if you're into the nanny >> Well, also, if you're into the nanny >> Well, also, if you're into the nanny state, then you're like, "Yeah, of state, then you're like, "Yeah, of state, then you're like, "Yeah, of course the government should be able to course the government should be able to course the government should be able to tell you what to do." Like I don't even tell you what to do." Like I don't even tell you what to do." Like I don't even understand. Like this is wild. Like they understand. Like this is wild. Like they understand. Like this is wild. Like they will point to me and say, "This is will point to me and say, "This is will point to me and say, "This is crazy. He's saying that you can put crazy. He's saying that you can put crazy. He's saying that you can put other people in danger." Like the other people in danger." Like the other people in danger." Like the absurdity of that argument is at its absurdity of that argument is at its absurdity of that argument is at its face value just ridiculous. This guy face value just ridiculous. This guy face value just ridiculous. This guy should not be allowed in polite society. should not be allowed in polite society. should not be allowed in polite society. And I don't I Listen, I think they And I don't I Listen, I think they And I don't I Listen, I think they understand the consequences. I think understand the consequences. I think understand the consequences. I think they just think they'll be the ones in they just think they'll be the ones in they just think they'll be the ones in control control control >> [snorts] >> [snorts] >> [snorts] >> that are um making all the wise >> that are um making all the wise >> that are um making all the wise decisions. They think they see the decisions. They think they see the decisions. They think they see the future clearly and so, yeah, you can future clearly and so, yeah, you can future clearly and so, yeah, you can leave me to make a decision. I'll always leave me to make a decision. I'll always leave me to make a decision. I'll always make the right one. That's so crazy. make the right one. That's so crazy. make the right one. That's so crazy. Life has not taught me that. Life has Life has not taught me that. Life has Life has not taught me that. Life has taught me that um yeah, over time I can taught me that um yeah, over time I can taught me that um yeah, over time I can usually correct course and like get usually correct course and like get usually correct course and like get pointed in a better direction, but that pointed in a better direction, but that pointed in a better direction, but that I make mistakes all the time, that I I make mistakes all the time, that I I make mistakes all the time, that I read the situation wrong and I have to read the situation wrong and I have to read the situation wrong and I have to adjust. And so, for me, um focusing on adjust. And so, for me, um focusing on adjust. And so, for me, um focusing on that, like constantly identifying the that, like constantly identifying the that, like constantly identifying the right answer instead of focusing on right answer instead of focusing on right answer instead of focusing on being right. being right. being right. I Yeah, I am I get the heebie-jeebies I Yeah, I am I get the heebie-jeebies I Yeah, I am I get the heebie-jeebies from anybody that is like, "No, no, no, from anybody that is like, "No, no, no, from anybody that is like, "No, no, no, I'm right. You'll listen." I'm right. You'll listen." I'm right. You'll listen." Well, Tom, I am right and you will Well, Tom, I am right and you will Well, Tom, I am right and you will listen cuz I said we need to lower the listen cuz I said we need to lower the listen cuz I said we need to lower the prices of houses and we need to build prices of houses and we need to build prices of houses and we need to build more houses. Dallas has done this. This more houses. Dallas has done this. This more houses. Dallas has done this. This is like the sixth like Texas city that is like the sixth like Texas city that is like the sixth like Texas city that we're just starting to notice at this we're just starting to notice at this we're just starting to notice at this point. First, it was Houston. Shout out point. First, it was Houston. Shout out point. First, it was Houston. Shout out to Ryan. to Ryan. to Ryan. He moved here. He moved here. He moved here. He He got suckered in. Like we've got He He got suckered in. Like we've got He He got suckered in. Like we've got him here in LA. him here in LA. him here in LA. But yeah, first it was Houston. Um But yeah, first it was Houston. Um But yeah, first it was Houston. Um lowest housing rate, biggest market out lowest housing rate, biggest market out lowest housing rate, biggest market out of everything. Uh Phoenix is another one of everything. Uh Phoenix is another one of everything. Uh Phoenix is another one that's declining. Austin was declining that's declining. Austin was declining that's declining. Austin was declining and now we have this that's saying uh and now we have this that's saying uh and now we have this that's saying uh Dallas is declining. Dallas is declining. Dallas is declining. >> Dude, look at I wish people were looking >> Dude, look at I wish people were looking >> Dude, look at I wish people were looking at their phone right now or their screen at their phone right now or their screen at their phone right now or their screen because hot damn, that didn't come down because hot damn, that didn't come down because hot damn, that didn't come down a little. That came down a lot. And if a little. That came down a lot. And if a little. That came down a lot. And if you're wondering why it went up so high, you're wondering why it went up so high, you're wondering why it went up so high, that was the flood of everybody leaving that was the flood of everybody leaving that was the flood of everybody leaving California. So, uh they went in, it California. So, uh they went in, it California. So, uh they went in, it caused a temporary like decrease in the caused a temporary like decrease in the caused a temporary like decrease in the availability of housing compared to the availability of housing compared to the availability of housing compared to the demand and then the free market does demand and then the free market does demand and then the free market does what the free market does. People get what the free market does. People get what the free market does. People get greedy and they think, "Oh, I can make greedy and they think, "Oh, I can make greedy and they think, "Oh, I can make money." They start building, building, money." They start building, building, money." They start building, building, building and the cost just comes racing building and the cost just comes racing building and the cost just comes racing back down. It's perfect. back down. It's perfect. back down. It's perfect. >> [laughter] >> [laughter] >> [laughter] >> And it balances out. So, >> And it balances out. So, >> And it balances out. So, uh I think it was our Scott Galloway uh I think it was our Scott Galloway uh I think it was our Scott Galloway interview when we talked about it where interview when we talked about it where interview when we talked about it where it's like, "We're seeing these models. it's like, "We're seeing these models. it's like, "We're seeing these models. We're seeing these success stories. Why We're seeing these success stories. Why We're seeing these success stories. Why don't we duplicate them? Why don't we don't we duplicate them? Why don't we don't we duplicate them? Why don't we just copy and paste across all 50 just copy and paste across all 50 just copy and paste across all 50 states?" states?" states?" >> Because governments want to be in >> Because governments want to be in >> Because governments want to be in control. People want regulation. They control. People want regulation. They control. People want regulation. They think they know better than everybody think they know better than everybody think they know better than everybody else. They think the landlords are else. They think the landlords are else. They think the landlords are greedy. They're absolute morons and they greedy. They're absolute morons and they greedy. They're absolute morons and they don't understand the reason that the don't understand the reason that the don't understand the reason that the free market works is because the only free market works is because the only free market works is because the only thing that you can trust humans to do at thing that you can trust humans to do at thing that you can trust humans to do at all times is be selfish. And that all times is be selfish. And that all times is be selfish. And that doesn't So, yes, I'm saying things like doesn't So, yes, I'm saying things like doesn't So, yes, I'm saying things like loving your kids more than the next loving your kids more than the next loving your kids more than the next person. That's selfish act. I get people person. That's selfish act. I get people person. That's selfish act. I get people going to squabble over that. I'm just going to squabble over that. I'm just going to squabble over that. I'm just saying, people live life in their saying, people live life in their saying, people live life in their perspective. They're seeing things from perspective. They're seeing things from perspective. They're seeing things from where they're at. They're more worried where they're at. They're more worried where they're at. They're more worried about whether their kids eat their next about whether their kids eat their next about whether their kids eat their next meal than the kid down the street or the meal than the kid down the street or the meal than the kid down the street or the kid in the next town. And so, instead of kid in the next town. And so, instead of kid in the next town. And so, instead of fighting against that and expecting fighting against that and expecting fighting against that and expecting everybody to be altruistic at scale like everybody to be altruistic at scale like everybody to be altruistic at scale like they would be inside of their own they would be inside of their own they would be inside of their own family, which is [ __ ] idiotic, people family, which is [ __ ] idiotic, people family, which is [ __ ] idiotic, people will act one way towards their family will act one way towards their family will act one way towards their family and it's completely different to the and it's completely different to the and it's completely different to the outside world. And that's as we are outside world. And that's as we are outside world. And that's as we are wired. I won't ask you to believe that's wired. I won't ask you to believe that's wired. I won't ask you to believe that's as it should be, but it is as we are as it should be, but it is as we are as it should be, but it is as we are wired. So, when you build policies that wired. So, when you build policies that wired. So, when you build policies that take that into consideration, take that into consideration, take that into consideration, you get something great because the you get something great because the you get something great because the reality is it's exciting that an reality is it's exciting that an reality is it's exciting that an entrepreneur will look at all these entrepreneur will look at all these entrepreneur will look at all these people from California coming in. They people from California coming in. They people from California coming in. They go, "Whoa, there's like a a real need in go, "Whoa, there's like a a real need in go, "Whoa, there's like a a real need in the market for these houses. I'm going the market for these houses. I'm going the market for these houses. I'm going to take the big risk to build this out. to take the big risk to build this out. to take the big risk to build this out. I'm going to build these houses because I'm going to build these houses because I'm going to build these houses because I want to make more money. I want to I want to make more money. I want to I want to make more money. I want to like, you know, build my business, make like, you know, build my business, make like, you know, build my business, make my family wealthy, all of that stuff." my family wealthy, all of that stuff." my family wealthy, all of that stuff." It's a very selfish but beautiful It's a very selfish but beautiful It's a very selfish but beautiful impulse from where I'm sitting and it impulse from where I'm sitting and it impulse from where I'm sitting and it creates this incredible cascade where creates this incredible cascade where creates this incredible cascade where the cost just comes back down and it the cost just comes back down and it the cost just comes back down and it will hit an equilibrium point where now will hit an equilibrium point where now will hit an equilibrium point where now people go, "That's not a good risk people go, "That's not a good risk people go, "That's not a good risk anymore." And by the way, people will anymore." And by the way, people will anymore." And by the way, people will have gone too far. They'll probably have gone too far. They'll probably have gone too far. They'll probably overbuild. A bunch of those builders overbuild. A bunch of those builders overbuild. A bunch of those builders will lose their ass and that's how the will lose their ass and that's how the will lose their ass and that's how the market works. And it's like, yeah, some market works. And it's like, yeah, some market works. And it's like, yeah, some people win because they figure it out. people win because they figure it out. people win because they figure it out. Other people lose because they don't. Other people lose because they don't. Other people lose because they don't. And that is as it should be. It is a And that is as it should be. It is a And that is as it should be. It is a risk-reward game and we spend so much risk-reward game and we spend so much risk-reward game and we spend so much time trying to remove risk that we end time trying to remove risk that we end time trying to remove risk that we end up bailing out banks so that nobody gets up bailing out banks so that nobody gets up bailing out banks so that nobody gets hurt and then we kill the middle and hurt and then we kill the middle and hurt and then we kill the middle and working class. It's just so wild. So, working class. It's just so wild. So, working class. It's just so wild. So, yeah, we don't copy and paste it because yeah, we don't copy and paste it because yeah, we don't copy and paste it because people are so convinced that they are people are so convinced that they are people are so convinced that they are right. They are so convinced that right. They are so convinced that right. They are so convinced that corporations are evil, that landlords corporations are evil, that landlords corporations are evil, that landlords are bad, and that they see everything are bad, and that they see everything are bad, and that they see everything clearly, that they are the morally clearly, that they are the morally clearly, that they are the morally right, and that people just need to do right, and that people just need to do right, and that people just need to do what they think. It's so infuriating. what they think. It's so infuriating. what they think. It's so infuriating. It's one-sided, short-sided, but we all It's one-sided, short-sided, but we all It's one-sided, short-sided, but we all think we know everything. Um Man, I I think we know everything. Um Man, I I think we know everything. Um Man, I I will go on record. I do not know will go on record. I do not know will go on record. I do not know everything for sure and I am hyper aware everything for sure and I am hyper aware everything for sure and I am hyper aware of that in myself. So, um yeah, it is of that in myself. So, um yeah, it is of that in myself. So, um yeah, it is the thing that has made me wealthy is my the thing that has made me wealthy is my the thing that has made me wealthy is my unending paranoia that I'm missing unending paranoia that I'm missing unending paranoia that I'm missing something. something. something. Well, LA voters will Well, LA voters will Well, LA voters will I think they got the person that they're I think they got the person that they're I think they got the person that they're missing right now because Nithya Raman, missing right now because Nithya Raman, missing right now because Nithya Raman, dubbed the next Mom Donny, which I dubbed the next Mom Donny, which I dubbed the next Mom Donny, which I haven't really seen anything to back it haven't really seen anything to back it haven't really seen anything to back it up. I'm going to have to look at her up. I'm going to have to look at her up. I'm going to have to look at her signs. Yeah. signs. Yeah. signs. Yeah. >> Yeah, there's actually a better um >> Yeah, there's actually a better um >> Yeah, there's actually a better um candidate in the mix that has like just candidate in the mix that has like just candidate in the mix that has like just a straight DSA um take. She's less Look, a straight DSA um take. She's less Look, a straight DSA um take. She's less Look, I'm early in my research, but she's less I'm early in my research, but she's less I'm early in my research, but she's less terrifying. And so, this will be one terrifying. And so, this will be one terrifying. And so, this will be one where people will find out whether I where people will find out whether I where people will find out whether I just blanket people and everything she just blanket people and everything she just blanket people and everything she says is bad because she's uh related to says is bad because she's uh related to says is bad because she's uh related to the DSA or if I pull things out cuz the DSA or if I pull things out cuz the DSA or if I pull things out cuz there are some things that she's at the there are some things that she's at the there are some things that she's at the headline level that she's putting headline level that she's putting headline level that she's putting forward that I'm like, "Yep, that makes forward that I'm like, "Yep, that makes forward that I'm like, "Yep, that makes sense." And then there are other things sense." And then there are other things sense." And then there are other things where it's like, "Nope, you're that's where it's like, "Nope, you're that's where it's like, "Nope, you're that's lunatic." lunatic." lunatic." So, we'll see. But I'll take it policy So, we'll see. But I'll take it policy So, we'll see. But I'll take it policy by policy. I've got no just general by policy. I've got no just general by policy. I've got no just general beef. Got it. Um cuz we are right now in beef. Got it. Um cuz we are right now in beef. Got it. Um cuz we are right now in the middle of two big elections for LA. the middle of two big elections for LA. the middle of two big elections for LA. First, the governor and for the entire First, the governor and for the entire First, the governor and for the entire city or the entire state. And then we city or the entire state. And then we city or the entire state. And then we have, of course, the Los Angeles mayor have, of course, the Los Angeles mayor have, of course, the Los Angeles mayor election for the biggest city in the election for the biggest city in the election for the biggest city in the state. So, it's one of those things state. So, it's one of those things state. So, it's one of those things where it's like, where it's like, where it's like, we see what's happening in New York. He we see what's happening in New York. He we see what's happening in New York. He had some wins where there's the snow had some wins where there's the snow had some wins where there's the snow removal in two days and all these other removal in two days and all these other removal in two days and all these other things, but then he had some losses things, but then he had some losses things, but then he had some losses where we're having these budget where we're having these budget where we're having these budget shortfalls and these things are shortfalls and these things are shortfalls and these things are happening. I know California happening. I know California happening. I know California historically has done bad with fraud, historically has done bad with fraud, historically has done bad with fraud, historically has done bad with managing historically has done bad with managing historically has done bad with managing our finances. It's also done our finances. It's also done our finances. It's also done historically bad with managing our fire historically bad with managing our fire historically bad with managing our fire problem. And so, that's really what's problem. And so, that's really what's problem. And so, that's really what's got people up in arms now. And then all got people up in arms now. And then all got people up in arms now. And then all the [ __ ] about we're going to help the [ __ ] about we're going to help the [ __ ] about we're going to help people build back and cut the red tape, people build back and cut the red tape, people build back and cut the red tape, which they have not done. And so, it's which they have not done. And so, it's which they have not done. And so, it's like they still can't build. The like they still can't build. The like they still can't build. The railway, all of it is just absolutely railway, all of it is just absolutely railway, all of it is just absolutely ridiculous. These problems are so ridiculous. These problems are so ridiculous. These problems are so solvable and it is only incompetence solvable and it is only incompetence solvable and it is only incompetence that has stopped them from being solved. that has stopped them from being solved. that has stopped them from being solved. Now, whether she's our girl or not, that Now, whether she's our girl or not, that Now, whether she's our girl or not, that I don't know. Um like I said, she's got I don't know. Um like I said, she's got I don't know. Um like I said, she's got some policies that make sense. Like she some policies that make sense. Like she some policies that make sense. Like she really does seem interested in reducing really does seem interested in reducing really does seem interested in reducing housing prices through building. housing prices through building. housing prices through building. Uh so, you know I'm going to clap for Uh so, you know I'm going to clap for Uh so, you know I'm going to clap for that every time. I don't care who says that every time. I don't care who says that every time. I don't care who says it. You [ __ ] Karl Marx could roll up it. You [ __ ] Karl Marx could roll up it. You [ __ ] Karl Marx could roll up and say, "You know what we need to do? and say, "You know what we need to do? and say, "You know what we need to do? We need to build more housing." I'd be We need to build more housing." I'd be We need to build more housing." I'd be like, "Fuck yes, we do, Karl." like, "Fuck yes, we do, Karl." like, "Fuck yes, we do, Karl." >> [laughter] >> [laughter] >> [laughter] >> Uh now, if in the next sentence he says >> Uh now, if in the next sentence he says >> Uh now, if in the next sentence he says something moronic, then I'm going to say something moronic, then I'm going to say something moronic, then I'm going to say the next thing is dumb. The first thing the next thing is dumb. The first thing the next thing is dumb. The first thing makes sense. This is all about cause and makes sense. This is all about cause and makes sense. This is all about cause and effect. So, anyway, I'm early with her, effect. So, anyway, I'm early with her, effect. So, anyway, I'm early with her, but but but there's some things that she's saying there's some things that she's saying there's some things that she's saying that I was actually into. that I was actually into. that I was actually into. But it does echo to your earlier point But it does echo to your earlier point But it does echo to your earlier point that there is this malaise around people that there is this malaise around people that there is this malaise around people and they are leaning into these and they are leaning into these and they are leaning into these alternative forms of political parties alternative forms of political parties alternative forms of political parties and that's why the Democratic Socialists and that's why the Democratic Socialists and that's why the Democratic Socialists of America is even on the mayoral of America is even on the mayoral of America is even on the mayoral ballot. Yeah, and it makes me weep ballot. Yeah, and it makes me weep ballot. Yeah, and it makes me weep because here's the thing, they want good because here's the thing, they want good because here's the thing, they want good things. They I'll I'll just blanket things. They I'll I'll just blanket things. They I'll I'll just blanket assume these are good intention people assume these are good intention people assume these are good intention people that are struggling and somebody's that are struggling and somebody's that are struggling and somebody's telling them that they're going to make telling them that they're going to make telling them that they're going to make that struggle go away. I can't remember that struggle go away. I can't remember that struggle go away. I can't remember if I pulled the link, but there was a if I pulled the link, but there was a if I pulled the link, but there was a really brilliant really brilliant really brilliant um um um image that summed up the difference image that summed up the difference image that summed up the difference between capitalism and uh socialism. And between capitalism and uh socialism. And between capitalism and uh socialism. And it showed two vending machines and the it showed two vending machines and the it showed two vending machines and the one on the left was capitalism and stock one on the left was capitalism and stock one on the left was capitalism and stock full and the one on the right is a big full and the one on the right is a big full and the one on the right is a big sign. So, the one on the left big sign sign. So, the one on the left big sign sign. So, the one on the left big sign says capitalism. One on the right big says capitalism. One on the right big says capitalism. One on the right big sign that says free. sign that says free. sign that says free. And there's no further explanation. And And there's no further explanation. And And there's no further explanation. And so, you're like, "Oh, damn. Like so, you're like, "Oh, damn. Like so, you're like, "Oh, damn. Like capitalism, you got to pay for [ __ ] and capitalism, you got to pay for [ __ ] and capitalism, you got to pay for [ __ ] and then the other one's just free." And then the other one's just free." And then the other one's just free." And then you look closer at the image and then you look closer at the image and then you look closer at the image and you realize, "Oh, the capitalism vending you realize, "Oh, the capitalism vending you realize, "Oh, the capitalism vending machine is actually stocked. machine is actually stocked. machine is actually stocked. The free vending machine is empty." The free vending machine is empty." The free vending machine is empty." And that's what socialism and communism And that's what socialism and communism And that's what socialism and communism are known for are the breadlines, not are known for are the breadlines, not are known for are the breadlines, not being able to get things because there's being able to get things because there's being able to get things because there's no incentive to make it. And there's no no incentive to make it. And there's no no incentive to make it. And there's no way People talk about the pricing way People talk about the pricing way People talk about the pricing mechanism and that really is true. mechanism and that really is true. mechanism and that really is true. People don't know how to how much to People don't know how to how much to People don't know how to how much to charge for things. But the more charge for things. But the more charge for things. But the more important thing is what happens when you important thing is what happens when you important thing is what happens when you don't know what to charge for things. Uh don't know what to charge for things. Uh don't know what to charge for things. Uh they end up being too cheap. Everybody they end up being too cheap. Everybody they end up being too cheap. Everybody floods in. They hoard. They grab as much floods in. They hoard. They grab as much floods in. They hoard. They grab as much as they can. You start putting as they can. You start putting as they can. You start putting restrictions. You say you can only have restrictions. You say you can only have restrictions. You say you can only have this amount, but how do they know? this amount, but how do they know? this amount, but how do they know? Again, your needs are going to be Again, your needs are going to be Again, your needs are going to be different. So, now everybody's different. So, now everybody's different. So, now everybody's appealing, "No, you don't understand. appealing, "No, you don't understand. appealing, "No, you don't understand. I've got nine like kids that I'm trying I've got nine like kids that I'm trying I've got nine like kids that I'm trying to help or whatever." And it's like, to help or whatever." And it's like, to help or whatever." And it's like, "Nope, sorry. Everybody gets one." And "Nope, sorry. Everybody gets one." And "Nope, sorry. Everybody gets one." And so, it just ends up being so lunatic. so, it just ends up being so lunatic. so, it just ends up being so lunatic. So, instead, what we have found is the So, instead, what we have found is the So, instead, what we have found is the free market is the best way to find all free market is the best way to find all free market is the best way to find all those price signals. So, you find the those price signals. So, you find the those price signals. So, you find the point at which you're making enough point at which you're making enough point at which you're making enough money that you can run the thing money that you can run the thing money that you can run the thing profitably profitably profitably and that you're able to keep things in and that you're able to keep things in and that you're able to keep things in stock, that there's enough incentive to stock, that there's enough incentive to stock, that there's enough incentive to get people to build, that there's enough get people to build, that there's enough get people to build, that there's enough incentive to get people to innovate, incentive to get people to innovate, incentive to get people to innovate, so on and so forth. And without that, it so on and so forth. And without that, it so on and so forth. And without that, it just all falls apart. What do you want just all falls apart. What do you want just all falls apart. What do you want like NIMBYism? Are you okay if there was like NIMBYism? Are you okay if there was like NIMBYism? Are you okay if there was like a high-density apartment down the like a high-density apartment down the like a high-density apartment down the block? Are you block? Are you block? Are you >> I'm I'm a YIMBY guy. Yes in my backyard. >> I'm I'm a YIMBY guy. Yes in my backyard. >> I'm I'm a YIMBY guy. Yes in my backyard. So, here's the reality. Why would I do So, here's the reality. Why would I do So, here's the reality. Why would I do that? Okay, that kind of thing would that? Okay, that kind of thing would that? Okay, that kind of thing would hurt my property values. Drew, I'm hurt my property values. Drew, I'm hurt my property values. Drew, I'm telling you I don't expect people to telling you I don't expect people to telling you I don't expect people to believe it maybe other than you and the believe it maybe other than you and the believe it maybe other than you and the people that know me like look me in the people that know me like look me in the people that know me like look me in the [ __ ] eye. Uh I care deeply about a [ __ ] eye. Uh I care deeply about a [ __ ] eye. Uh I care deeply about a thriving middle class. I care deeply thriving middle class. I care deeply thriving middle class. I care deeply about people's ability to move up and about people's ability to move up and about people's ability to move up and down on the economic ladder and I down on the economic ladder and I down on the economic ladder and I because I because I because I I have at this stage of my life won the I have at this stage of my life won the I have at this stage of my life won the game of capitalism. Hopefully, I will game of capitalism. Hopefully, I will game of capitalism. Hopefully, I will live live live for an extended period of time, which for an extended period of time, which for an extended period of time, which means that maybe there are times where means that maybe there are times where means that maybe there are times where I'm up and times where I'm down. But um I'm up and times where I'm down. But um I'm up and times where I'm down. But um I really just want the game to be fair I really just want the game to be fair I really just want the game to be fair at the starting line. After that, I at the starting line. After that, I at the starting line. After that, I expect the people who build the best expect the people who build the best expect the people who build the best skill set to win more than the other skill set to win more than the other skill set to win more than the other people. And so, um I am willing to eat people. And so, um I am willing to eat people. And so, um I am willing to eat my own dog food. So, if I put forward a my own dog food. So, if I put forward a my own dog food. So, if I put forward a policy that is good for the masses and policy that is good for the masses and policy that is good for the masses and it's bad for me, it is what it is. Like it's bad for me, it is what it is. Like it's bad for me, it is what it is. Like I want a policy that's good for the I want a policy that's good for the I want a policy that's good for the masses. Um so, yes, in my backyard, masses. Um so, yes, in my backyard, masses. Um so, yes, in my backyard, build that [ __ ] Like let's go. build that [ __ ] Like let's go. build that [ __ ] Like let's go. Um now, that doesn't mean that I don't Um now, that doesn't mean that I don't Um now, that doesn't mean that I don't go. So, look at the Pacific Palisades, go. So, look at the Pacific Palisades, go. So, look at the Pacific Palisades, for instance. The Pacific Palisades is for instance. The Pacific Palisades is for instance. The Pacific Palisades is one of the most beautiful areas in the one of the most beautiful areas in the one of the most beautiful areas in the world, which means if you just let the world, which means if you just let the world, which means if you just let the free market decide, the people with the free market decide, the people with the free market decide, the people with the most money are going to go in and most money are going to go in and most money are going to go in and they're going to buy. They're going to they're going to buy. They're going to they're going to buy. They're going to do big, beautiful single homes and all do big, beautiful single homes and all do big, beautiful single homes and all that. And you and I, one of our earlier that. And you and I, one of our earlier that. And you and I, one of our earlier arguments was about, yes, some places arguments was about, yes, some places arguments was about, yes, some places are going to be too expensive for are going to be too expensive for are going to be too expensive for people. people. people. But if there's a developer that's like, But if there's a developer that's like, But if there's a developer that's like, "No, I'm going to build these beautiful "No, I'm going to build these beautiful "No, I'm going to build these beautiful apartments. It's going to be apartments. It's going to be apartments. It's going to be high-density housing." Um cool. Love it. high-density housing." Um cool. Love it. high-density housing." Um cool. Love it. Now, I would expect those apartments per Now, I would expect those apartments per Now, I would expect those apartments per square foot to be way more expensive square foot to be way more expensive square foot to be way more expensive than that same apartment in a different than that same apartment in a different than that same apartment in a different area. area. area. Uh but if you've got somebody that Uh but if you've got somebody that Uh but if you've got somebody that believes that they can pull that off, go believes that they can pull that off, go believes that they can pull that off, go for it. for it. for it. Nice. Nice. Nice. Um Um Um yeah, we'll see cuz it it seems to your yeah, we'll see cuz it it seems to your yeah, we'll see cuz it it seems to your point the most predictable problem. Like point the most predictable problem. Like point the most predictable problem. Like we know how to get there. We know it's a we know how to get there. We know it's a we know how to get there. We know it's a supply and demand thing, but yeah, we supply and demand thing, but yeah, we supply and demand thing, but yeah, we haven't been building more houses. So, haven't been building more houses. So, haven't been building more houses. So, uh we'll see how the uh we'll see how the uh we'll see how the most unaffordable housing market in most unaffordable housing market in most unaffordable housing market in history reacts over the next couple history reacts over the next couple history reacts over the next couple months, years through the end of this months, years through the end of this months, years through the end of this administration. administration. administration. Yeah. Um yeah, we've seen a similar Yeah. Um yeah, we've seen a similar Yeah. Um yeah, we've seen a similar story like this in New York a couple story like this in New York a couple story like this in New York a couple weeks ago where it came out that in the weeks ago where it came out that in the weeks ago where it came out that in the I think the homeless charities were I think the homeless charities were I think the homeless charities were paying homeless people more than the paying homeless people more than the paying homeless people more than the medium income of a working person in New medium income of a working person in New medium income of a working person in New York. Seems like York. Seems like York. Seems like >> We can't even buy that one. That's so >> We can't even buy that one. That's so >> We can't even buy that one. That's so wild. wild. wild. >> We seem like we have a similar problem >> We seem like we have a similar problem >> We seem like we have a similar problem in France. Corruption. Yeah, this this in France. Corruption. Yeah, this this in France. Corruption. Yeah, this this is aggravating. This might be a slightly is aggravating. This might be a slightly is aggravating. This might be a slightly different problem unless you just different problem unless you just different problem unless you just blanket assume that the government is blanket assume that the government is blanket assume that the government is corrupt. But so, this is crazy. The cost corrupt. But so, this is crazy. The cost corrupt. But so, this is crazy. The cost to a French employer of like if you want to a French employer of like if you want to a French employer of like if you want to get $39,000 in your employee's to get $39,000 in your employee's to get $39,000 in your employee's pocket, the cost to the employer is over pocket, the cost to the employer is over pocket, the cost to the employer is over $90,000. $90,000. $90,000. That is insane. The employee should be That is insane. The employee should be That is insane. The employee should be outraged. They're not because [ __ ] outraged. They're not because [ __ ] outraged. They're not because [ __ ] French. I can say that because I am French. I can say that because I am French. I can say that because I am French. But the French, bro, like dude, French. But the French, bro, like dude, French. But the French, bro, like dude, what happened to you guys? That [ __ ] is what happened to you guys? That [ __ ] is what happened to you guys? That [ __ ] is wild. So, they should be up in arms, but wild. So, they should be up in arms, but wild. So, they should be up in arms, but they're not. They want more nanny state, they're not. They want more nanny state, they're not. They want more nanny state, not less, which means more dollars are not less, which means more dollars are not less, which means more dollars are going to be taken out of your pocket. going to be taken out of your pocket. going to be taken out of your pocket. And then somehow, some way, they can't And then somehow, some way, they can't And then somehow, some way, they can't see how disincentivized entrepreneurs see how disincentivized entrepreneurs see how disincentivized entrepreneurs are where it's like, "If I have to pay are where it's like, "If I have to pay are where it's like, "If I have to pay $90,000 I think it's more it's like $90,000 I think it's more it's like $90,000 I think it's more it's like $95,000 or something. If I have to pay $95,000 or something. If I have to pay $95,000 or something. If I have to pay $90,000 plus to put $39,000 in an $90,000 plus to put $39,000 in an $90,000 plus to put $39,000 in an employee's pocket, I'm just going to be employee's pocket, I'm just going to be employee's pocket, I'm just going to be like, "This doesn't make sense. I'm like, "This doesn't make sense. I'm like, "This doesn't make sense. I'm going to go somewhere else, man. For going to go somewhere else, man. For going to go somewhere else, man. For sure, I'm going to go somewhere else." sure, I'm going to go somewhere else." sure, I'm going to go somewhere else." As well. And the caveat there is all As well. And the caveat there is all As well. And the caveat there is all this is before taxes, too. So, it's this is before taxes, too. So, it's this is before taxes, too. So, it's >> No, no, no. The 39K is because you're >> No, no, no. The 39K is because you're >> No, no, no. The 39K is because you're getting taxed. That's So, if you look at getting taxed. That's So, if you look at getting taxed. That's So, if you look at the breakdown, see those three bars? It the breakdown, see those three bars? It the breakdown, see those three bars? It shows like, okay, this is what the uh shows like, okay, this is what the uh shows like, okay, this is what the uh employee is going to get. This is how employee is going to get. This is how employee is going to get. This is how much goes to taxes. And then there's one much goes to taxes. And then there's one much goes to taxes. And then there's one that's too small for me to read from that's too small for me to read from that's too small for me to read from here. Uh but there's one other thing. here. Uh but there's one other thing. here. Uh but there's one other thing. It's like pensions. It's like pensions. It's like pensions. >> Net salary, yeah. Employee deductions, >> Net salary, yeah. Employee deductions, >> Net salary, yeah. Employee deductions, taxes, and social security, employer taxes, and social security, employer taxes, and social security, employer contributions, employer pays. contributions, employer pays. contributions, employer pays. There you go. So, uh you it does include There you go. So, uh you it does include There you go. So, uh you it does include taxes that the employee is paying, but taxes that the employee is paying, but taxes that the employee is paying, but it also includes the additional that the it also includes the additional that the it also includes the additional that the uh employer has to pay. Jeez. Brutal, uh employer has to pay. Jeez. Brutal, uh employer has to pay. Jeez. Brutal, man. It is brutal. That is insane. man. It is brutal. That is insane. man. It is brutal. That is insane. >> 42. Legitimately, France, you should be >> 42. Legitimately, France, you should be >> 42. Legitimately, France, you should be ashamed of yourselves. This is crazy. ashamed of yourselves. This is crazy. ashamed of yourselves. This is crazy. Crazy. Crazy. Crazy. And so, this kind of sets this tone for And so, this kind of sets this tone for And so, this kind of sets this tone for all the backlash that the billionaire all the backlash that the billionaire all the backlash that the billionaire tax got because people were like, "Hey, tax got because people were like, "Hey, tax got because people were like, "Hey, this started off as just billionaires, this started off as just billionaires, this started off as just billionaires, and then as time goes on, it's going to and then as time goes on, it's going to and then as time goes on, it's going to get to hit more and more people." Yeah, get to hit more and more people." Yeah, get to hit more and more people." Yeah, but you're but you're but you're >> a long enough thing, this is going to be >> a long enough thing, this is going to be >> a long enough thing, this is going to be what happens to the average person, or what happens to the average person, or what happens to the average person, or you just start seeing more and more of you just start seeing more and more of you just start seeing more and more of our paycheck dwindle away. Yes, but our paycheck dwindle away. Yes, but our paycheck dwindle away. Yes, but you're you're too educated. And so, cuz you're you're too educated. And so, cuz you're you're too educated. And so, cuz most people are totally for the most people are totally for the most people are totally for the billionaire tax. billionaire tax. billionaire tax. And it is going to take a lot of And it is going to take a lot of And it is going to take a lot of convincing to get people to understand convincing to get people to understand convincing to get people to understand they're calling it the billionaire tax, they're calling it the billionaire tax, they're calling it the billionaire tax, it won't be a tax on billionaires, it it won't be a tax on billionaires, it it won't be a tax on billionaires, it will be a tax on everybody, and they will be a tax on everybody, and they will be a tax on everybody, and they have specifically put into the bill that have specifically put into the bill that have specifically put into the bill that without out requiring a vote of the without out requiring a vote of the without out requiring a vote of the people, they can make it apply to people, they can make it apply to people, they can make it apply to anybody and make it recurring. So, dude, anybody and make it recurring. So, dude, anybody and make it recurring. So, dude, that is the craziest Trojan horse ever. that is the craziest Trojan horse ever. that is the craziest Trojan horse ever. So, the majority people So, the majority people So, the majority people don't understand [clears throat] what don't understand [clears throat] what don't understand [clears throat] what you understand. you understand. you understand. So, I I don't think that there is So, I I don't think that there is So, I I don't think that there is pushback on the billionaire tax at this pushback on the billionaire tax at this pushback on the billionaire tax at this point other than from people that either point other than from people that either point other than from people that either are wealthy and know that like they're are wealthy and know that like they're are wealthy and know that like they're in the next tranche, in the next tranche, in the next tranche, or people that are educated that are or people that are educated that are or people that are educated that are like, "Oh yeah, this will eventually like, "Oh yeah, this will eventually like, "Oh yeah, this will eventually make its way to me." make its way to me." make its way to me." And it's crazy, too, cuz I do think that And it's crazy, too, cuz I do think that And it's crazy, too, cuz I do think that the sentiment is starting to change a the sentiment is starting to change a the sentiment is starting to change a bit, but I think because it's coming bit, but I think because it's coming bit, but I think because it's coming from those that have, it's just going to from those that have, it's just going to from those that have, it's just going to be like, "Oh, you're just a billionaire be like, "Oh, you're just a billionaire be like, "Oh, you're just a billionaire trying to get out of the bill," and trying to get out of the bill," and trying to get out of the bill," and nobody's going to actually look at the nobody's going to actually look at the nobody's going to actually look at the nuance of the other side of that nuance of the other side of that nuance of the other side of that argument. Uh so, very very interesting. argument. Uh so, very very interesting. argument. Uh so, very very interesting. Uh Uh Uh okay, there's been a couple funny okay, there's been a couple funny okay, there's been a couple funny stories. Um this is not uh Friday stories. Um this is not uh Friday stories. Um this is not uh Friday funnies just yet, but I don't know if funnies just yet, but I don't know if funnies just yet, but I don't know if you've been following this JP Morgan uh you've been following this JP Morgan uh you've been following this JP Morgan uh fiasco, but it's been like hilarious. fiasco, but it's been like hilarious. fiasco, but it's been like hilarious. >> the memes on this are legendary. >> the memes on this are legendary. >> the memes on this are legendary. Parents, if you have kids in the room, Parents, if you have kids in the room, Parents, if you have kids in the room, now is the time to eject them. Uh this now is the time to eject them. Uh this now is the time to eject them. Uh this was terrible. This is terrible. I want was terrible. This is terrible. I want was terrible. This is terrible. I want to be very clear. If this is real, it is to be very clear. If this is real, it is to be very clear. If this is real, it is terrible. And there was a um terrible. And there was a um terrible. And there was a um uh like AI movie made like really uh like AI movie made like really uh like AI movie made like really showing sort of like a a more grounded showing sort of like a a more grounded showing sort of like a a more grounded take, and I was like, "Yeah, if that's take, and I was like, "Yeah, if that's take, and I was like, "Yeah, if that's what's happening, this is really what's happening, this is really what's happening, this is really terrible." Now, at a high level, it does terrible." Now, at a high level, it does terrible." Now, at a high level, it does not appear that that's actually what not appear that that's actually what not appear that that's actually what happened. happened. happened. Well, we In the fullness of time, we Well, we In the fullness of time, we Well, we In the fullness of time, we need to let all this stuff come out. Who need to let all this stuff come out. Who need to let all this stuff come out. Who knows what knows what knows what >> I've seen a couple posts that you guys >> I've seen a couple posts that you guys >> I've seen a couple posts that you guys community noted, so they're not It's community noted, so they're not It's community noted, so they're not It's seeming like it he made it up, and none seeming like it he made it up, and none seeming like it he made it up, and none of this is true. That is correct. of this is true. That is correct. of this is true. That is correct. >> Yeah, so. >> Yeah, so. >> Yeah, so. >> Seems like allegedly, unknown at this >> Seems like allegedly, unknown at this >> Seems like allegedly, unknown at this stage, but stage, but stage, but >> his time, but >> his time, but >> his time, but >> Yeah. >> Yeah. >> Yeah. But this one is wild. Memes, the memes But this one is wild. Memes, the memes But this one is wild. Memes, the memes are worth the price of entry. Catching are worth the price of entry. Catching are worth the price of entry. Catching those up, a JP Morgan executive those up, a JP Morgan executive those up, a JP Morgan executive allegedly used her power to sexually allegedly used her power to sexually allegedly used her power to sexually harass and abuse a junior male employee, harass and abuse a junior male employee, harass and abuse a junior male employee, drugging him, submitting him to racial drugging him, submitting him to racial drugging him, submitting him to racial abuse, and threatening his career. Some abuse, and threatening his career. Some abuse, and threatening his career. Some of the highlights from them are um of the highlights from them are um of the highlights from them are um Again, exit the kids. [laughter] Exit Again, exit the kids. [laughter] Exit Again, exit the kids. [laughter] Exit the kids. the kids. the kids. With his boss saying, "I bet your little With his boss saying, "I bet your little With his boss saying, "I bet your little Asian fish head wife doesn't have Asian fish head wife doesn't have Asian fish head wife doesn't have cannons. Doesn't have these cannons." cannons. Doesn't have these cannons." cannons. Doesn't have these cannons." Yeah, so supposedly she was saying that Yeah, so supposedly she was saying that Yeah, so supposedly she was saying that as she was um as she was um as she was um presenting her endowments in an presenting her endowments in an presenting her endowments in an aggressive fashion. aggressive fashion. aggressive fashion. That's the best way to motor to say That's the best way to motor to say That's the best way to motor to say motorboat I've ever heard in [laughter] motorboat I've ever heard in [laughter] motorboat I've ever heard in [laughter] my life. Uh you really think management my life. Uh you really think management my life. Uh you really think management wants some brown boy Indian leading or wants some brown boy Indian leading or wants some brown boy Indian leading or originations? By By the way, originations? By By the way, originations? By By the way, >> my brains out tonight, I'm going to >> my brains out tonight, I'm going to >> my brains out tonight, I'm going to sabotage your promotion. sabotage your promotion. sabotage your promotion. The The one, do you really think they uh The The one, do you really think they uh The The one, do you really think they uh want some brown boy Indian uh leading It want some brown boy Indian uh leading It want some brown boy Indian uh leading It says or originations there. Other places says or originations there. Other places says or originations there. Other places have just said um organizations, so I have just said um organizations, so I have just said um organizations, so I don't know which is the actual real don't know which is the actual real don't know which is the actual real quote. But like, yes, [ __ ] do quote. But like, yes, [ __ ] do quote. But like, yes, [ __ ] do you know how many uh you know how many uh you know how many uh >> [laughter] >> [laughter] >> [laughter] >> Indians from India run the biggest >> Indians from India run the biggest >> Indians from India run the biggest country companies in America? It is country companies in America? It is country companies in America? It is [ __ ] staggering. So, that's like the [ __ ] staggering. So, that's like the [ __ ] staggering. So, that's like the lamest uh threat of all time. If I were lamest uh threat of all time. If I were lamest uh threat of all time. If I were him, I'd be like, "Yeah, yes, I think I him, I'd be like, "Yeah, yes, I think I him, I'd be like, "Yeah, yes, I think I think they do. The evidence backs that think they do. The evidence backs that think they do. The evidence backs that up." Uh if you if you check your screen up." Uh if you if you check your screen up." Uh if you if you check your screen real quick, I thought this was real quick, I thought this was real quick, I thought this was hilarious. You can see the shadow of the hilarious. You can see the shadow of the hilarious. You can see the shadow of the cannons POV your junior baker at JP cannons POV your junior baker at JP cannons POV your junior baker at JP Morgan, and your MD wants to have a Morgan, and your MD wants to have a Morgan, and your MD wants to have a performance chat. That is [ __ ] performance chat. That is [ __ ] performance chat. That is [ __ ] hysterical. That is goated in the hysterical. That is goated in the hysterical. That is goated in the extreme. Okay. extreme. Okay. extreme. Okay. >> What's that? >> What's that? >> What's that? >> the joke Okay. Yeah, not tall like but, >> the joke Okay. Yeah, not tall like but, >> the joke Okay. Yeah, not tall like but, you know, she's powerful and you know, she's powerful and you know, she's powerful and >> Oh, she's powerful. She's talented, as >> Oh, she's powerful. She's talented, as >> Oh, she's powerful. She's talented, as the kids say. the kids say. the kids say. >> talented. Talented. >> talented. Talented. >> talented. Talented. >> A lot of talent. >> A lot of talent. >> A lot of talent. Okay, this is already some of your best Okay, this is already some of your best Okay, this is already some of your best Friday funnies, and I'm so sorry, Friday funnies, and I'm so sorry, Friday funnies, and I'm so sorry, because again, God, if this is real, it because again, God, if this is real, it because again, God, if this is real, it is an absolute tragedy. is an absolute tragedy. is an absolute tragedy. However, However, However, >> [laughter] >> [laughter] >> [laughter] >> meme game strong, and it seems like it >> meme game strong, and it seems like it >> meme game strong, and it seems like it may not actually be as presented. Uh but may not actually be as presented. Uh but may not actually be as presented. Uh but Drew, do you have any of the memes where Drew, do you have any of the memes where Drew, do you have any of the memes where it's like the people in S&M gear running it's like the people in S&M gear running it's like the people in S&M gear running to apply for vacancies [laughter] to apply for vacancies [laughter] to apply for vacancies [laughter] at JP Morgan? That is the one I was in at JP Morgan? That is the one I was in at JP Morgan? That is the one I was in [ __ ] hysterics. There's a shot of a [ __ ] hysterics. There's a shot of a [ __ ] hysterics. There's a shot of a guy in BDSM gear, like full [ __ ] gear, guy in BDSM gear, like full [ __ ] gear, guy in BDSM gear, like full [ __ ] gear, waiting to be I hear it is. It's like, waiting to be I hear it is. It's like, waiting to be I hear it is. It's like, "Oh my [laughter] God, this is so "Oh my [laughter] God, this is so "Oh my [laughter] God, this is so clutch." >> [laughter] >> [laughter] >> Uh okay, that last one was not funny. >> Uh okay, that last one was not funny. >> Uh okay, that last one was not funny. Sexual Sexual Sexual Sexual discomfort isn't funny. All those Sexual discomfort isn't funny. All those Sexual discomfort isn't funny. All those things. All those things. Memes. Yeah, things. All those things. Memes. Yeah, things. All those things. Memes. Yeah, it's kind of There's There is that it's kind of There's There is that it's kind of There's There is that double standard, though, and I kind of double standard, though, and I kind of double standard, though, and I kind of want to talk about this. There was also want to talk about this. There was also want to talk about this. There was also the the hot teacher who slept with like the the hot teacher who slept with like the the hot teacher who slept with like a kid. That story, and then in the a kid. That story, and then in the a kid. That story, and then in the deposition, he was like, "Yeah, she came deposition, he was like, "Yeah, she came deposition, he was like, "Yeah, she came over at 7:00, and she didn't leave until over at 7:00, and she didn't leave until over at 7:00, and she didn't leave until 11:00." And everybody was like, "Yeah, 11:00." And everybody was like, "Yeah, 11:00." And everybody was like, "Yeah, nice." Like, but it's just like, you're nice." Like, but it's just like, you're nice." Like, but it's just like, you're a kid, and that's wrong, and I know we a kid, and that's wrong, and I know we a kid, and that's wrong, and I know we should take this more seriously, but should take this more seriously, but should take this more seriously, but >> Yes. jokes. The memes are so good. >> Yes. jokes. The memes are so good. >> Yes. jokes. The memes are so good. >> I >> I >> I >> [laughter] >> [laughter] >> [laughter] >> I will say there is a double standard, >> I will say there is a double standard, >> I will say there is a double standard, and for any human that is actually and for any human that is actually and for any human that is actually impacted by this, like if you were impacted by this, like if you were impacted by this, like if you were abused by a woman and everybody's abused by a woman and everybody's abused by a woman and everybody's clapping for you, but you legitimately clapping for you, but you legitimately clapping for you, but you legitimately feel traumatized. And by the way, the feel traumatized. And by the way, the feel traumatized. And by the way, the reason that sex with kids is just it reason that sex with kids is just it reason that sex with kids is just it should be so taboo in all capital should be so taboo in all capital should be so taboo in all capital letters, they don't understand what's letters, they don't understand what's letters, they don't understand what's happening. And so, if you're a kid and happening. And so, if you're a kid and happening. And so, if you're a kid and you're you're you're a male, especially, and you're getting a male, especially, and you're getting a male, especially, and you're getting touched up, it's entirely possible you touched up, it's entirely possible you touched up, it's entirely possible you get an erection that you cannot get an erection that you cannot get an erection that you cannot reconcile like consciously. Where you're reconcile like consciously. Where you're reconcile like consciously. Where you're like, "Wait, I'm freaked out. I don't like, "Wait, I'm freaked out. I don't like, "Wait, I'm freaked out. I don't know what's going on, but I am also know what's going on, but I am also know what's going on, but I am also erect. So, now this is confusing." You erect. So, now this is confusing." You erect. So, now this is confusing." You hear this a lot with people that were hear this a lot with people that were hear this a lot with people that were abused, and they're like, "Physically, abused, and they're like, "Physically, abused, and they're like, "Physically, it felt good, and psychologically, I'm it felt good, and psychologically, I'm it felt good, and psychologically, I'm [ __ ] forever." Yeah. And so, both of [ __ ] forever." Yeah. And so, both of [ __ ] forever." Yeah. And so, both of those things are true. So, it's always those things are true. So, it's always those things are true. So, it's always very disingenuous when people are like, very disingenuous when people are like, very disingenuous when people are like, um how could he ever get an erection um how could he ever get an erection um how could he ever get an erection like if he wasn't into it? It's like, like if he wasn't into it? It's like, like if he wasn't into it? It's like, "Well, unfortunately, overly tight pants "Well, unfortunately, overly tight pants "Well, unfortunately, overly tight pants can give you an erection if you're like can give you an erection if you're like can give you an erection if you're like young enough. You know what I mean? So, young enough. You know what I mean? So, young enough. You know what I mean? So, it's like uh that kind of stuff like it's like uh that kind of stuff like it's like uh that kind of stuff like it's not a good argument. So, like all it's not a good argument. So, like all it's not a good argument. So, like all of that stuff is real, but the reason of that stuff is real, but the reason of that stuff is real, but the reason that the double standard exists is the that the double standard exists is the that the double standard exists is the when you just average this stuff out, when you just average this stuff out, when you just average this stuff out, the level of sexual um appetite from the level of sexual um appetite from the level of sexual um appetite from men, especially young men, is like much men, especially young men, is like much men, especially young men, is like much much much higher than it is for women. much much higher than it is for women. much much higher than it is for women. So, anyway, it's like those things are So, anyway, it's like those things are So, anyway, it's like those things are also true, which is where the comedy is also true, which is where the comedy is also true, which is where the comedy is born. It doesn't mean that it isn't a born. It doesn't mean that it isn't a born. It doesn't mean that it isn't a tragedy if it isn't what somebody wants. tragedy if it isn't what somebody wants. tragedy if it isn't what somebody wants. It still is an absolute tragedy. Um but It still is an absolute tragedy. Um but It still is an absolute tragedy. Um but anyway, There's something to the power anyway, There's something to the power anyway, There's something to the power dynamics thing, too, of just like dynamics thing, too, of just like dynamics thing, too, of just like like your boss and being submissive and like your boss and being submissive and like your boss and being submissive and dominant and all that. So, it's like, dominant and all that. So, it's like, dominant and all that. So, it's like, what's that quote? Everything is about what's that quote? Everything is about what's that quote? Everything is about sex except sex. Sex is about power. So, sex except sex. Sex is about power. So, sex except sex. Sex is about power. So, it's like it it goes into that. True. it's like it it goes into that. True. it's like it it goes into that. True. That's the problem. So, God, do we That's the problem. So, God, do we That's the problem. So, God, do we [clears throat] really want to have this [clears throat] really want to have this [clears throat] really want to have this conversation? conversation? conversation? Uh I'm trying to to be very disciplined Uh I'm trying to to be very disciplined Uh I'm trying to to be very disciplined about not saying things that will damage about not saying things that will damage about not saying things that will damage Project Kaizen, but Project Kaizen, but Project Kaizen, but >> [laughter] >> [laughter] >> [laughter] >> sometimes I can't help myself. Uh >> sometimes I can't help myself. Uh >> sometimes I can't help myself. Uh the power dynamics are They've gotten a the power dynamics are They've gotten a the power dynamics are They've gotten a bad reputation, but the reality is that bad reputation, but the reality is that bad reputation, but the reality is that power dynamics are such a huge part of power dynamics are such a huge part of power dynamics are such a huge part of sexual attraction that you cannot throw sexual attraction that you cannot throw sexual attraction that you cannot throw the baby out with the bathwater on that the baby out with the bathwater on that the baby out with the bathwater on that and be evolutionarily sound. The reality and be evolutionarily sound. The reality and be evolutionarily sound. The reality is is is um that there is a reason, especially um that there is a reason, especially um that there is a reason, especially when it's powerful male and the woman is when it's powerful male and the woman is when it's powerful male and the woman is drawn very specifically to that. Mhm. Uh drawn very specifically to that. Mhm. Uh drawn very specifically to that. Mhm. Uh that That's just way too real. That is that That's just way too real. That is that That's just way too real. That is baked in at an evolutionary level. A baked in at an evolutionary level. A baked in at an evolutionary level. A woman is going to be in a hyper-fragile woman is going to be in a hyper-fragile woman is going to be in a hyper-fragile position as she tries to care for her position as she tries to care for her position as she tries to care for her kids. She is physically weaker than the kids. She is physically weaker than the kids. She is physically weaker than the man. So, for her to be um attracted to man. So, for her to be um attracted to man. So, for her to be um attracted to power is a survival mechanism that one power is a survival mechanism that one power is a survival mechanism that one would expect. Um so, that would expect. Um so, that would expect. Um so, that [clears throat] kind of power dynamic is [clears throat] kind of power dynamic is [clears throat] kind of power dynamic is always going to exist. Now, does that always going to exist. Now, does that always going to exist. Now, does that mean that some people abuse it? mean that some people abuse it? mean that some people abuse it? Obviously. Mhm. And so, is it disgusting Obviously. Mhm. And so, is it disgusting Obviously. Mhm. And so, is it disgusting when people abuse it? Of course it is. when people abuse it? Of course it is. when people abuse it? Of course it is. But will women eternally be attracted to But will women eternally be attracted to But will women eternally be attracted to power? Yes. power? Yes. power? Yes. So, you're you're not going to be able So, you're you're not going to be able So, you're you're not going to be able to pull those apart cleanly. to pull those apart cleanly. to pull those apart cleanly. Well said. Well said. Um and then we Well said. Well said. Um and then we Well said. Well said. Um and then we talked about it in the intro. Um talked about it in the intro. Um talked about it in the intro. Um Brian Johnson, uh I I feel like he's Brian Johnson, uh I I feel like he's Brian Johnson, uh I I feel like he's just trolling at this point, like just trolling at this point, like just trolling at this point, like >> He is He's a good marketer. Yes, he does >> He is He's a good marketer. Yes, he does >> He is He's a good marketer. Yes, he does this aggressively on purpose. this aggressively on purpose. this aggressively on purpose. >> [laughter] >> [laughter] >> [laughter] >> Uh this is the vaginal microbiome >> Uh this is the vaginal microbiome >> Uh this is the vaginal microbiome report, 100 out of 100 score. report, 100 out of 100 score. report, 100 out of 100 score. >> What Drew is leaving out, his first post >> What Drew is leaving out, his first post >> What Drew is leaving out, his first post does not give that context at all. So, does not give that context at all. So, does not give that context at all. So, kids out of the room, this is the kids out of the room, this is the kids out of the room, this is the initial post. Just gave Kate oral sex, initial post. Just gave Kate oral sex, initial post. Just gave Kate oral sex, period. Good night, everyone, period. period. Good night, everyone, period. period. Good night, everyone, period. Full tweet. Full tweet. Full tweet. That's it. That's the tweet. [laughter] That's it. That's the tweet. [laughter] That's it. That's the tweet. [laughter] Then he threads it with this is her Then he threads it with this is her Then he threads it with this is her vaginal microbiome report. vaginal microbiome report. vaginal microbiome report. Yeah. Yeah. Yeah. Top 1% of all vaginas. Literally, that's Top 1% of all vaginas. Literally, that's Top 1% of all vaginas. Literally, that's in the tweet. in the tweet. in the tweet. >> [laughter] >> [laughter] >> [laughter] >> This is not Drew speculating. >> This is not Drew speculating. >> This is not Drew speculating. >> Everything reminds me of her, like top >> Everything reminds me of her, like top >> Everything reminds me of her, like top 1%. Slide into her DMs, guys. It's 1%. Slide into her DMs, guys. It's 1%. Slide into her DMs, guys. It's Friday. Go for it. Friday. Go for it. Friday. Go for it. >> That was one of the funniest [laughter] >> That was one of the funniest [laughter] >> That was one of the funniest [laughter] This guy screenshot his This guy screenshot his This guy screenshot his uh like DM to somebody, and it just uh like DM to somebody, and it just uh like DM to somebody, and it just said, "Guys, send the text." said, "Guys, send the text." said, "Guys, send the text." >> [laughter] >> [laughter] >> [laughter] >> I'll be honest, I actually considered >> I'll be honest, I actually considered >> I'll be honest, I actually considered sending the text, "Baby, this reminded sending the text, "Baby, this reminded sending the text, "Baby, this reminded me of you." I didn't, but I was like I me of you." I didn't, but I was like I me of you." I didn't, but I was like I was for real too. was for real too. was for real too. >> Yeah, I see what the microbiome says, >> Yeah, I see what the microbiome says, >> Yeah, I see what the microbiome says, like, "Girl, come over." like, "Girl, come over." like, "Girl, come over." >> [laughter] >> [laughter] >> [laughter] >> Send me a tweet and just say us. There was a guy that was like, "My new There was a guy that was like, "My new dating app application, uh the dating app application, uh the dating app application, uh the algorithm's going to match people by algorithm's going to match people by algorithm's going to match people by vaginal and [laughter] penile vaginal and [laughter] penile vaginal and [laughter] penile microbiome reports." microbiome reports." microbiome reports." >> That's funny. Crazy. >> That's funny. Crazy. >> That's funny. Crazy. >> Uh >> Uh >> Uh yeah, I mean, this is technology and yeah, I mean, this is technology and yeah, I mean, this is technology and we're going to live forever and all we're going to live forever and all we're going to live forever and all these other things. So, there is that these other things. So, there is that these other things. So, there is that evolution of technology and health and evolution of technology and health and evolution of technology and health and how those that marriage of the two of how those that marriage of the two of how those that marriage of the two of those things, but those things, but those things, but come on, bro. Like But there's also the come on, bro. Like But there's also the come on, bro. Like But there's also the evolution This one's hilarious. This guy evolution This one's hilarious. This guy evolution This one's hilarious. This guy Bryan Johnson organ tyrant Uh so, going Bryan Johnson organ tyrant Uh so, going Bryan Johnson organ tyrant Uh so, going back to Bryan Johnson. The first time I back to Bryan Johnson. The first time I back to Bryan Johnson. The first time I had him on the show, very informative, had him on the show, very informative, had him on the show, very informative, super smart guy, but he was very dry, a super smart guy, but he was very dry, a super smart guy, but he was very dry, a little bit dull. So, seeing him realize, little bit dull. So, seeing him realize, little bit dull. So, seeing him realize, "Oh, I get it now. I get the game. I "Oh, I get it now. I get the game. I "Oh, I get it now. I get the game. I know how to get people's attention." is know how to get people's attention." is know how to get people's attention." is hilarious cuz he really burst onto the hilarious cuz he really burst onto the hilarious cuz he really burst onto the scene by talking about his erection. scene by talking about his erection. scene by talking about his erection. And he was like, his the first hyper And he was like, his the first hyper And he was like, his the first hyper viral one he had was like, "I have the viral one he had was like, "I have the viral one he had was like, "I have the erection of a teenager." erection of a teenager." erection of a teenager." And so, that one went crazy. So, he's And so, that one went crazy. So, he's And so, that one went crazy. So, he's probably had this one in his back pocket probably had this one in his back pocket probably had this one in his back pocket for a while. Now, the funny thing is for a while. Now, the funny thing is for a while. Now, the funny thing is that poor Kate that poor Kate that poor Kate came into the thread later and was like, came into the thread later and was like, came into the thread later and was like, "Okay, guys, Kate here. Yes, this is "Okay, guys, Kate here. Yes, this is "Okay, guys, Kate here. Yes, this is completely unhinged." Right? So, I'm completely unhinged." Right? So, I'm completely unhinged." Right? So, I'm like, now, she works at the company. like, now, she works at the company. like, now, she works at the company. Speaking of power dynamics, uh so, she Speaking of power dynamics, uh so, she Speaking of power dynamics, uh so, she worked there before they got in a worked there before they got in a worked there before they got in a relationship. relationship. relationship. >> Yeah. >> Yeah. >> Yeah. Now, whatever, to me that's just like Now, whatever, to me that's just like Now, whatever, to me that's just like that that is history at play, but that that is history at play, but that that is history at play, but I don't know if he went to her and was I don't know if he went to her and was I don't know if he went to her and was like, "Hey, I'm about to post this." And like, "Hey, I'm about to post this." And like, "Hey, I'm about to post this." And she's like, "Oh god, here we go." Or if she's like, "Oh god, here we go." Or if she's like, "Oh god, here we go." Or if she's like, "Yeah, it's going to be she's like, "Yeah, it's going to be she's like, "Yeah, it's going to be banger for the company. Do it." Uh I banger for the company. Do it." Uh I banger for the company. Do it." Uh I have no idea, but she did come into the have no idea, but she did come into the have no idea, but she did come into the the chat and address it. Uh uh the chat and address it. Uh uh the chat and address it. Uh uh I don't know. It's one of those things I don't know. It's one of those things I don't know. It's one of those things where it's like, do we where it's like, do we where it's like, do we Is that kissing and telling? Is that Is that kissing and telling? Is that Is that kissing and telling? Is that dirty macking? Like dirty macking? Like dirty macking? Like >> Listen, with the amount of things I've >> Listen, with the amount of things I've >> Listen, with the amount of things I've talked about between Lisa and I, I'm not talked about between Lisa and I, I'm not talked about between Lisa and I, I'm not going to throw shade on anybody. going to throw shade on anybody. going to throw shade on anybody. >> Yeah. It's like, this is the the era >> Yeah. It's like, this is the the era >> Yeah. It's like, this is the the era that we're in on that we're in on that we're in on social media is you're going to talk social media is you're going to talk social media is you're going to talk about whatever you're comfortable about whatever you're comfortable about whatever you're comfortable talking about. And if you're down to go talking about. And if you're down to go talking about. And if you're down to go all the way there, hey, it'll get you all the way there, hey, it'll get you all the way there, hey, it'll get you the views. Yeah. Now, it's a caustic the views. Yeah. Now, it's a caustic the views. Yeah. Now, it's a caustic strategy because there are people now strategy because there are people now strategy because there are people now that just hate him more and more with that just hate him more and more with that just hate him more and more with every passing day Mhm. and have more every passing day Mhm. and have more every passing day Mhm. and have more reason to say, "This guy's a shock jock. reason to say, "This guy's a shock jock. reason to say, "This guy's a shock jock. He's just doing this to get people's He's just doing this to get people's He's just doing this to get people's attention." But it's like, when you've attention." But it's like, when you've attention." But it's like, when you've got to cut through the noise as a got to cut through the noise as a got to cut through the noise as a business strategy, it has massive business strategy, it has massive business strategy, it has massive upside, but it has a cap. Like, there're upside, but it has a cap. Like, there're upside, but it has a cap. Like, there're going to be people that'll tune that one going to be people that'll tune that one going to be people that'll tune that one out. But if you have no other way to cut out. But if you have no other way to cut out. But if you have no other way to cut through the noise, yeah, cool. Use it. through the noise, yeah, cool. Use it. through the noise, yeah, cool. Use it. So, um So, um So, um I I don't have beef from that I I don't have beef from that I I don't have beef from that perspective. It just comes down to how perspective. It just comes down to how perspective. It just comes down to how do people want to run their own do people want to run their own do people want to run their own strategies? strategies? strategies? This is crazy. Uh yeah, we got to talk This is crazy. Uh yeah, we got to talk This is crazy. Uh yeah, we got to talk about Erica Kirk, man. I I watched the about Erica Kirk, man. I I watched the about Erica Kirk, man. I I watched the whole thing. This is exaggerated. She whole thing. This is exaggerated. She whole thing. This is exaggerated. She wasn't really just breathing heavy wasn't really just breathing heavy wasn't really just breathing heavy for 30 seconds. This This is AI. Um for 30 seconds. This This is AI. Um for 30 seconds. This This is AI. Um But have you seen the stuff that isn't But have you seen the stuff that isn't But have you seen the stuff that isn't AI? AI? AI? >> Yeah, but that's the thing. Like, you're >> Yeah, but that's the thing. Like, you're >> Yeah, but that's the thing. Like, you're showing up looking like Darth Vader. showing up looking like Darth Vader. showing up looking like Darth Vader. Like, what are what are we doing here? Like, what are what are we doing here? Like, what are what are we doing here? >> This is only mildly worse than the >> This is only mildly worse than the >> This is only mildly worse than the actual footage. That's the problem. actual footage. That's the problem. actual footage. That's the problem. It It It It doesn't make sense to me and It It It It doesn't make sense to me and It It It It doesn't make sense to me and this is like this is like this is like in in her monologue, it became she gets in in her monologue, it became she gets in in her monologue, it became she gets attacked every day. Candace Owens thinks attacked every day. Candace Owens thinks attacked every day. Candace Owens thinks I killed my husband. I killed my husband. I killed my husband. I shouldn't be out. I'm not qualified to I shouldn't be out. I'm not qualified to I shouldn't be out. I'm not qualified to run Turning Point USA. It's like she's run Turning Point USA. It's like she's run Turning Point USA. It's like she's regurgitating the Twitter talking regurgitating the Twitter talking regurgitating the Twitter talking points, but it's like you're doing points, but it's like you're doing points, but it's like you're doing everything but going back in the house everything but going back in the house everything but going back in the house and just relaxing. Like, just take a and just relaxing. Like, just take a and just relaxing. Like, just take a step back. PR team, come up with a new step back. PR team, come up with a new step back. PR team, come up with a new plan. Like plan. Like plan. Like >> I'll say something slightly different. 3 >> I'll say something slightly different. 3 >> I'll say something slightly different. 3 weeks weeks weeks >> So, I don't know that she needs to take >> So, I don't know that she needs to take >> So, I don't know that she needs to take a step back. She is a very public figure a step back. She is a very public figure a step back. She is a very public figure that's being charged with like, assume that's being charged with like, assume that's being charged with like, assume that she's super ambitious. that she's super ambitious. that she's super ambitious. >> Mhm. Your husband dies, you want to >> Mhm. Your husband dies, you want to >> Mhm. Your husband dies, you want to honor his legacy. I get that not honor his legacy. I get that not honor his legacy. I get that not everybody's going to believe this, but everybody's going to believe this, but everybody's going to believe this, but just give it this read for a second. just give it this read for a second. just give it this read for a second. >> Yeah. Uh very ambitious person, husband >> Yeah. Uh very ambitious person, husband >> Yeah. Uh very ambitious person, husband dies, he leaves an incredible company dies, he leaves an incredible company dies, he leaves an incredible company behind that needs a new leader. The behind that needs a new leader. The behind that needs a new leader. The people in the company want you to step people in the company want you to step people in the company want you to step into that role. into that role. into that role. It will, you know, feel uh very It will, you know, feel uh very It will, you know, feel uh very cathartic to see you step forward and do cathartic to see you step forward and do cathartic to see you step forward and do all this. But, you have a very all this. But, you have a very all this. But, you have a very unfortunate unfortunate unfortunate neutral face, a very weird affectation neutral face, a very weird affectation neutral face, a very weird affectation that you do. And legitimately, as that you do. And legitimately, as that you do. And legitimately, as somebody who has a very unfortunate somebody who has a very unfortunate somebody who has a very unfortunate neutral face myself, neutral face myself, neutral face myself, people have got to be honest about it people have got to be honest about it people have got to be honest about it and say, "Look, don't do that thing. and say, "Look, don't do that thing. and say, "Look, don't do that thing. It's very weird. You look very moody, It's very weird. You look very moody, It's very weird. You look very moody, very upset, very strange. Like, there's very upset, very strange. Like, there's very upset, very strange. Like, there's something about the way that when you something about the way that when you something about the way that when you open your eyes, it just doesn't read the open your eyes, it just doesn't read the open your eyes, it just doesn't read the way you think it does." way you think it does." way you think it does." >> It's the way we open your eyes. It just >> It's the way we open your eyes. It just >> It's the way we open your eyes. It just looks weird. It does. And so, listen, I looks weird. It does. And so, listen, I looks weird. It does. And so, listen, I get it cuz there are there I'll see my get it cuz there are there I'll see my get it cuz there are there I'll see my own face in photos and be like, "Wow, own face in photos and be like, "Wow, own face in photos and be like, "Wow, that isn't how I felt internally when I that isn't how I felt internally when I that isn't how I felt internally when I was making that face." was making that face." was making that face." >> Yeah. And so, I have to come to grips >> Yeah. And so, I have to come to grips >> Yeah. And so, I have to come to grips with how I look and how I come across with how I look and how I come across with how I look and how I come across and it just is what it is. And so, it's and it just is what it is. And so, it's and it just is what it is. And so, it's like, "Okay, I've got deficits. I have like, "Okay, I've got deficits. I have like, "Okay, I've got deficits. I have to deal with those deficits." to deal with those deficits." to deal with those deficits." But like, I hope nobody here feels like But like, I hope nobody here feels like But like, I hope nobody here feels like they have to dance around true things they have to dance around true things they have to dance around true things about the way that I come across. And about the way that I come across. And about the way that I come across. And somebody's not telling her something or somebody's not telling her something or somebody's not telling her something or she is just not listening because it's she is just not listening because it's she is just not listening because it's like, "Yo, you are not doing yourself like, "Yo, you are not doing yourself like, "Yo, you are not doing yourself any favors with these crazy ass looks." any favors with these crazy ass looks." any favors with these crazy ass looks." Like, you've got to understand like, Like, you've got to understand like, Like, you've got to understand like, "Okay, somebody said Oh god, this is a "Okay, somebody said Oh god, this is a "Okay, somebody said Oh god, this is a tweet I'm totally stealing this, but it tweet I'm totally stealing this, but it tweet I'm totally stealing this, but it was hysterical. And it was like was hysterical. And it was like was hysterical. And it was like you're talking about reducing Are you you're talking about reducing Are you you're talking about reducing Are you talking about anti-violence while talking about anti-violence while talking about anti-violence while dressed like a sniper? Come on, girl." dressed like a sniper? Come on, girl." dressed like a sniper? Come on, girl." >> [laughter] >> [laughter] >> [laughter] >> And I was like, "Yeah, like, what is >> And I was like, "Yeah, like, what is >> And I was like, "Yeah, like, what is with that outfit? Like with that outfit? Like with that outfit? Like >> Yes. that [ __ ] is wild." So, anyway, >> Yes. that [ __ ] is wild." So, anyway, >> Yes. that [ __ ] is wild." So, anyway, somebody's got to help her from a PR somebody's got to help her from a PR somebody's got to help her from a PR perspective cuz this ain't it. That's perspective cuz this ain't it. That's perspective cuz this ain't it. That's that I just feel like she just needs a that I just feel like she just needs a that I just feel like she just needs a rebrand, something. Like, she just needs rebrand, something. Like, she just needs rebrand, something. Like, she just needs to take a step back, come out for the to take a step back, come out for the to take a step back, come out for the children's awards, you know, hand out children's awards, you know, hand out children's awards, you know, hand out some teddy bears, something. Like Just some teddy bears, something. Like Just some teddy bears, something. Like Just give us something to just look at you give us something to just look at you give us something to just look at you and say, "Aw." And that's our only and say, "Aw." And that's our only and say, "Aw." And that's our only reaction. Just, you know, start there reaction. Just, you know, start there reaction. Just, you know, start there for a second. for a second. for a second. >> the fireworks budget. >> the fireworks budget. >> the fireworks budget. >> [laughter] >> [laughter] >> [laughter] >> No more fireworks. No more fireworks at >> No more fireworks. No more fireworks at >> No more fireworks. No more fireworks at all. Um all. Um all. Um she is still getting slack. I know you she is still getting slack. I know you she is still getting slack. I know you were kind of like, Candace Owens kind of were kind of like, Candace Owens kind of were kind of like, Candace Owens kind of went a little bit too far. Are you went a little bit too far. Are you went a little bit too far. Are you >> Candace Owens is straight-up unhinged. >> Candace Owens is straight-up unhinged. >> Candace Owens is straight-up unhinged. Here's the thing. So, my current flag in Here's the thing. So, my current flag in Here's the thing. So, my current flag in the ground, Candace is unhinged. Uh the ground, Candace is unhinged. Uh the ground, Candace is unhinged. Uh I don't think she is mentally ill. I I don't think she is mentally ill. I I don't think she is mentally ill. I think she sees patterns where the think she sees patterns where the think she sees patterns where the patterns don't exist and she's getting patterns don't exist and she's getting patterns don't exist and she's getting reinforcement from her community, which reinforcement from her community, which reinforcement from her community, which makes her see more and more of it. I makes her see more and more of it. I makes her see more and more of it. I think in the final analysis, it will be think in the final analysis, it will be think in the final analysis, it will be self-evident that she found she was like self-evident that she found she was like self-evident that she found she was like way over-indexing on the patterns. Um way over-indexing on the patterns. Um way over-indexing on the patterns. Um but if she ends up being right, like, but if she ends up being right, like, but if she ends up being right, like, I'll be the first to be like, "All I'll be the first to be like, "All I'll be the first to be like, "All right, damn. Like, they I was wrong. She right, damn. Like, they I was wrong. She right, damn. Like, they I was wrong. She had the read." I will update my mental had the read." I will update my mental had the read." I will update my mental model of I'm under-seeing patterns. I'm model of I'm under-seeing patterns. I'm model of I'm under-seeing patterns. I'm not seeing enough conspiracy theory. I'm not seeing enough conspiracy theory. I'm not seeing enough conspiracy theory. I'm Whatever ends up being true will be Whatever ends up being true will be Whatever ends up being true will be true. true. true. >> Mhm. But wow, right now does she read >> Mhm. But wow, right now does she read >> Mhm. But wow, right now does she read like, "You are seeing patterns and they like, "You are seeing patterns and they like, "You are seeing patterns and they are leading you very, very astray." And are leading you very, very astray." And are leading you very, very astray." And then also the need to feed your audience then also the need to feed your audience then also the need to feed your audience and they're giving you so much positive and they're giving you so much positive and they're giving you so much positive feedback. Like, it it's just that's feedback. Like, it it's just that's feedback. Like, it it's just that's really tough. And I think about that a really tough. And I think about that a really tough. And I think about that a lot. I don't find myself pulled in that lot. I don't find myself pulled in that lot. I don't find myself pulled in that direction from a content perspective. direction from a content perspective. direction from a content perspective. I'm only going to say the things that I I'm only going to say the things that I I'm only going to say the things that I believe to be true, but I can feel the believe to be true, but I can feel the believe to be true, but I can feel the danger on the gaming side. Where I'm danger on the gaming side. Where I'm danger on the gaming side. Where I'm like, "I'm going to make the game that like, "I'm going to make the game that like, "I'm going to make the game that people want to play." Yeah. So, it's people want to play." Yeah. So, it's people want to play." Yeah. So, it's like, like, what do you do at the edges like, like, what do you do at the edges like, like, what do you do at the edges where it's like, I've always said, where it's like, I've always said, where it's like, I've always said, "Okay, I want the game to be "Okay, I want the game to be "Okay, I want the game to be empowering." But I'll slide to neutral empowering." But I'll slide to neutral empowering." But I'll slide to neutral to make sure that the game exists long to make sure that the game exists long to make sure that the game exists long enough for me to figure this out. enough for me to figure this out. enough for me to figure this out. So, I'd be very disappointed if my game So, I'd be very disappointed if my game So, I'd be very disappointed if my game ended up just being like a Fortnite or ended up just being like a Fortnite or ended up just being like a Fortnite or something, but I will dry my eyes with something, but I will dry my eyes with something, but I will dry my eyes with the $10 billion a year. I'll just I'm the $10 billion a year. I'll just I'm the $10 billion a year. I'll just I'm going to be very honest with you. So, going to be very honest with you. So, going to be very honest with you. So, it's like, I can see that like, "Oh, it's like, I can see that like, "Oh, it's like, I can see that like, "Oh, okay. I'm making a game for the public." okay. I'm making a game for the public." okay. I'm making a game for the public." >> Yeah. And if the public doesn't want to >> Yeah. And if the public doesn't want to >> Yeah. And if the public doesn't want to play the version that I put out, I'm play the version that I put out, I'm play the version that I put out, I'm going to change it. So, I get how people going to change it. So, I get how people going to change it. So, I get how people start going down that path, but you have start going down that path, but you have start going down that path, but you have to have bumpers. So, anyway, it feels to have bumpers. So, anyway, it feels to have bumpers. So, anyway, it feels like the bumpers are just gone for like the bumpers are just gone for like the bumpers are just gone for Candace. Like, there was something Candace. Like, there was something Candace. Like, there was something keeping her restrained previously that keeping her restrained previously that keeping her restrained previously that is no longer keeping her restrained is no longer keeping her restrained is no longer keeping her restrained because she has been a public figure for because she has been a public figure for because she has been a public figure for a very long time and for a long time I a very long time and for a long time I a very long time and for a long time I was just like, "Yo, this girl is really was just like, "Yo, this girl is really was just like, "Yo, this girl is really smart." And so, now seeing the like smart." And so, now seeing the like smart." And so, now seeing the like really like a beautiful mind really like a beautiful mind really like a beautiful mind schizophrenic like ties and stuff. Well, schizophrenic like ties and stuff. Well, schizophrenic like ties and stuff. Well, now, again, I fully understand I may end now, again, I fully understand I may end now, again, I fully understand I may end up being the person who was like, "Bro, up being the person who was like, "Bro, up being the person who was like, "Bro, it was all there. You just couldn't see it was all there. You just couldn't see it was all there. You just couldn't see it. Bad on you." I will have literally it. Bad on you." I will have literally it. Bad on you." I will have literally no emotional friction with updating my no emotional friction with updating my no emotional friction with updating my mental model of my own ability to read mental model of my own ability to read mental model of my own ability to read the situation. the situation. the situation. But that's just not my read right now. But that's just not my read right now. But that's just not my read right now. Yeah. Yeah. Yeah. Um I don't think I got your Tucker Um I don't think I got your Tucker Um I don't think I got your Tucker Carlson take cuz Tucker Carlson recently Carlson take cuz Tucker Carlson recently Carlson take cuz Tucker Carlson recently apologized for voting for Trump and said apologized for voting for Trump and said apologized for voting for Trump and said that he's been misled, things like that. that he's been misled, things like that. that he's been misled, things like that. I don't have a We I don't think we I don't have a We I don't think we I don't have a We I don't think we talked about Tucker Carlson. I've been talked about Tucker Carlson. I've been talked about Tucker Carlson. I've been gone deep on Tucker. So, my sort of gone deep on Tucker. So, my sort of gone deep on Tucker. So, my sort of high-level thing is, okay, what I know high-level thing is, okay, what I know high-level thing is, okay, what I know about the Dominion lawsuit is he's about the Dominion lawsuit is he's about the Dominion lawsuit is he's saying one thing behind the scenes saying one thing behind the scenes saying one thing behind the scenes versus the thing that he says in the versus the thing that he says in the versus the thing that he says in the public. I mean, didn't he say like public. I mean, didn't he say like public. I mean, didn't he say like outright that he does not like Trump outright that he does not like Trump outright that he does not like Trump even back then? Mhm. And so, but he was even back then? Mhm. And so, but he was even back then? Mhm. And so, but he was going online being like pro-Trump and going online being like pro-Trump and going online being like pro-Trump and behind the scenes saying he doesn't like behind the scenes saying he doesn't like behind the scenes saying he doesn't like him. So, it's like, there I'm already him. So, it's like, there I'm already him. So, it's like, there I'm already like, "Okay, this is a guy that will like, "Okay, this is a guy that will like, "Okay, this is a guy that will spin and position and all of that." spin and position and all of that." spin and position and all of that." Saying So, now, like, what do I believe Saying So, now, like, what do I believe Saying So, now, like, what do I believe that he's putting forward? That he's that he's putting forward? That he's that he's putting forward? That he's putting forward spin, that he's saying putting forward spin, that he's saying putting forward spin, that he's saying the thing that he needs to say. So, I the thing that he needs to say. So, I the thing that he needs to say. So, I don't know enough about Tucker to know don't know enough about Tucker to know don't know enough about Tucker to know how mortified I should be. He is not how mortified I should be. He is not how mortified I should be. He is not somebody whose content I consume a somebody whose content I consume a somebody whose content I consume a tremendous amount of. Um so, I don't tremendous amount of. Um so, I don't tremendous amount of. Um so, I don't know. I don't get like, Tucker is not an know. I don't get like, Tucker is not an know. I don't get like, Tucker is not an easy um easy um easy um like, "Oh, he's somebody I want to get like, "Oh, he's somebody I want to get like, "Oh, he's somebody I want to get to know." Like, there's something there to know." Like, there's something there to know." Like, there's something there that always made me feel a little bit that always made me feel a little bit that always made me feel a little bit like I'm I'm seeing a representative like I'm I'm seeing a representative like I'm I'm seeing a representative versus I'm actually seeing the real versus I'm actually seeing the real versus I'm actually seeing the real person. person. person. >> Mhm. Um so, take that for what it's >> Mhm. Um so, take that for what it's >> Mhm. Um so, take that for what it's worth, but um for him to worth, but um for him to worth, but um for him to say that he now apologizes for voting say that he now apologizes for voting say that he now apologizes for voting for Trump, I think there's a strong for Trump, I think there's a strong for Trump, I think there's a strong argument to be made if people feel that argument to be made if people feel that argument to be made if people feel that I shouldn't have voted for him. Like, I I shouldn't have voted for him. Like, I I shouldn't have voted for him. Like, I get that. That to me is like, "Oh yeah, get that. That to me is like, "Oh yeah, get that. That to me is like, "Oh yeah, there's um there's um there's um certainly a case to be made." So, I certainly a case to be made." So, I certainly a case to be made." So, I don't have beef with that. I would need don't have beef with that. I would need don't have beef with that. I would need to see what are the specific things that to see what are the specific things that to see what are the specific things that he's taking exception. Like, anybody who he's taking exception. Like, anybody who he's taking exception. Like, anybody who says Israel runs the world, I'm already says Israel runs the world, I'm already says Israel runs the world, I'm already like, "Okay, hold on. Pump the brakes. like, "Okay, hold on. Pump the brakes. like, "Okay, hold on. Pump the brakes. Like, I don't see the evidence for Like, I don't see the evidence for Like, I don't see the evidence for that." Um So, that's where I start that." Um So, that's where I start that." Um So, that's where I start getting into cuz I've heard him say getting into cuz I've heard him say getting into cuz I've heard him say things like that. It seems like he's things like that. It seems like he's things like that. It seems like he's going down that path. So, on those going down that path. So, on those going down that path. So, on those things I'm like, "I don't know about things I'm like, "I don't know about things I'm like, "I don't know about that." Um that." Um that." Um But I'd have to see like line by line But I'd have to see like line by line But I'd have to see like line by line what he's got beef with, but there is what he's got beef with, but there is what he's got beef with, but there is plenty of [ __ ] to have beef with Trump plenty of [ __ ] to have beef with Trump plenty of [ __ ] to have beef with Trump on. Yeah. Is there on. Yeah. Is there on. Yeah. Is there any validity in your opinion of like any validity in your opinion of like any validity in your opinion of like this whole split on the right? Like, the this whole split on the right? Like, the this whole split on the right? Like, the Candace Owens factions, the Tucker Candace Owens factions, the Tucker Candace Owens factions, the Tucker Carlson, some of the other people. It's Carlson, some of the other people. It's Carlson, some of the other people. It's obviously happening. obviously happening. obviously happening. >> Yeah, but it's just one of those things >> Yeah, but it's just one of those things >> Yeah, but it's just one of those things where it's like where it's like where it's like it's it's it's hindsight is 20/20. What they signed up hindsight is 20/20. What they signed up hindsight is 20/20. What they signed up for they didn't get and it's just kind for they didn't get and it's just kind for they didn't get and it's just kind of a natural breaker or do you think of a natural breaker or do you think of a natural breaker or do you think it's something it's something it's something That one I don't know. So, I don't know That one I don't know. So, I don't know That one I don't know. So, I don't know if I think that if I think that if I think that what people [clears throat] signed up what people [clears throat] signed up what people [clears throat] signed up for with Trump versus what they've got, for with Trump versus what they've got, for with Trump versus what they've got, I think you would have a very easy time I think you would have a very easy time I think you would have a very easy time going this is not America first. I do going this is not America first. I do going this is not America first. I do not know how he thinks that the things not know how he thinks that the things not know how he thinks that the things that he's doing are going to make that he's doing are going to make that he's doing are going to make America great again. So, I'm totally off America great again. So, I'm totally off America great again. So, I'm totally off that team. This is what I voted for, that team. This is what I voted for, that team. This is what I voted for, this is what I got, doesn't line up. Um this is what I got, doesn't line up. Um this is what I got, doesn't line up. Um so, totally get that. Now, what their so, totally get that. Now, what their so, totally get that. Now, what their agenda is, like what they actually want agenda is, like what they actually want agenda is, like what they actually want to see, to see, to see, um if they laid that out line by line, um if they laid that out line by line, um if they laid that out line by line, then it's like, oh cool, I get where then it's like, oh cool, I get where then it's like, oh cool, I get where this is coming from. But there does seem this is coming from. But there does seem this is coming from. But there does seem like it's largely an anti Again, I'm like it's largely an anti Again, I'm like it's largely an anti Again, I'm headline level with uh Tucker for the headline level with uh Tucker for the headline level with uh Tucker for the most part. Uh it does just seem like a most part. Uh it does just seem like a most part. Uh it does just seem like a lot of anti-Israel lot of anti-Israel lot of anti-Israel stuff that starts to feel fringy versus stuff that starts to feel fringy versus stuff that starts to feel fringy versus being well-grounded. Like, you can take being well-grounded. Like, you can take being well-grounded. Like, you can take Dave Smith very seriously. I think Dave Dave Smith very seriously. I think Dave Dave Smith very seriously. I think Dave really believes the things that he says. really believes the things that he says. really believes the things that he says. I think he's super well-researched. I I think he's super well-researched. I I think he's super well-researched. I disagree with him at some um of the disagree with him at some um of the disagree with him at some um of the conclusions that he draws, but sharp conclusions that he draws, but sharp conclusions that he draws, but sharp guy, well-intentioned, like I don't have guy, well-intentioned, like I don't have guy, well-intentioned, like I don't have beef with him even though we diverge beef with him even though we diverge beef with him even though we diverge sort of in the final analysis. But um sort of in the final analysis. But um sort of in the final analysis. But um somebody like Tucker I feel like might somebody like Tucker I feel like might somebody like Tucker I feel like might be a little more positiony. be a little more positiony. be a little more positiony. Okay. And then positiony means like Okay. And then positiony means like Okay. And then positiony means like strategic like He's spinning. He he's strategic like He's spinning. He he's strategic like He's spinning. He he's trying to build an audience. He's trying trying to build an audience. He's trying trying to build an audience. He's trying to build a huge media empire and he to build a huge media empire and he to build a huge media empire and he understands that you've got to feed your understands that you've got to feed your understands that you've got to feed your audience. You've got to reflect back audience. You've got to reflect back audience. You've got to reflect back [clears throat] to them what they want [clears throat] to them what they want [clears throat] to them what they want to see, that he's far more likely to be to see, that he's far more likely to be to see, that he's far more likely to be um showing you political instincts. um showing you political instincts. um showing you political instincts. Like, I don't think you see um almost Like, I don't think you see um almost Like, I don't think you see um almost any of the time what Trump actually any of the time what Trump actually any of the time what Trump actually believes. Uh I think you see what Trump believes. Uh I think you see what Trump believes. Uh I think you see what Trump knows he needs to say in order to knows he needs to say in order to knows he needs to say in order to position people where he needs them to position people where he needs them to position people where he needs them to go where he wants to go. And so, he's go where he wants to go. And so, he's go where he wants to go. And so, he's certainly more He reveals a lot more certainly more He reveals a lot more certainly more He reveals a lot more about himself than most people do and he about himself than most people do and he about himself than most people do and he will say the quiet part out loud all the will say the quiet part out loud all the will say the quiet part out loud all the time. But he time. But he time. But he he is very good at saying, yeah I'm not he is very good at saying, yeah I'm not he is very good at saying, yeah I'm not going to talk about that uh or just going to talk about that uh or just going to talk about that uh or just outright lying and saying this is the outright lying and saying this is the outright lying and saying this is the biggest, the best, the whatever. I don't biggest, the best, the whatever. I don't biggest, the best, the whatever. I don't think he actually believes those things. think he actually believes those things. think he actually believes those things. I think he knows that if I repeat that I think he knows that if I repeat that I think he knows that if I repeat that enough, other people will believe those enough, other people will believe those enough, other people will believe those things. So, Trump is anything but things. So, Trump is anything but things. So, Trump is anything but stupid. I don't understand people who stupid. I don't understand people who stupid. I don't understand people who think he's dumb. Um he's brazen. That is think he's dumb. Um he's brazen. That is think he's dumb. Um he's brazen. That is for sure. for sure. for sure. Um meaning he'll lie straight to your Um meaning he'll lie straight to your Um meaning he'll lie straight to your face over and over and over with face over and over and over with face over and over and over with conviction and enthusiasm. Yeah. conviction and enthusiasm. Yeah. conviction and enthusiasm. Yeah. Um so, Um so, Um so, take that for what it's worth. But I I take that for what it's worth. But I I take that for what it's worth. But I I put at my headline level I put Tucker in put at my headline level I put Tucker in put at my headline level I put Tucker in that camp. Yeah. Uh I got to give credit that camp. Yeah. Uh I got to give credit that camp. Yeah. Uh I got to give credit to Ryan for this one cuz you were the to Ryan for this one cuz you were the to Ryan for this one cuz you were the one who told me he said that you think one who told me he said that you think one who told me he said that you think Tucker Carlson's going to run for Tucker Carlson's going to run for Tucker Carlson's going to run for president. Oh, yeah. His a whole like president. Oh, yeah. His a whole like president. Oh, yeah. His a whole like I've been analyzing his post-Fox career I've been analyzing his post-Fox career I've been analyzing his post-Fox career cuz I don't know if y'all saw it leaked cuz I don't know if y'all saw it leaked cuz I don't know if y'all saw it leaked recently. They Someone hacked his recently. They Someone hacked his recently. They Someone hacked his website, found out he only has 7,000 website, found out he only has 7,000 website, found out he only has 7,000 subscribers on his website. subscribers on his website. subscribers on his website. >> 7.3 and how dare you? >> 7.3 and how dare you? >> 7.3 and how dare you? >> Yeah, 7.3 >> Yeah, 7.3 >> Yeah, 7.3 You saw the tweet. Um but uh basically, You saw the tweet. Um but uh basically, You saw the tweet. Um but uh basically, he is communicating and pivoting to the he is communicating and pivoting to the he is communicating and pivoting to the populist moment right now in order to I populist moment right now in order to I populist moment right now in order to I think gear himself up for the 2028 think gear himself up for the 2028 think gear himself up for the 2028 election to be the conservative election to be the conservative election to be the conservative candidate. That's my theory. That would candidate. That's my theory. That would candidate. That's my theory. That would be interesting. be interesting. be interesting. >> Because his pivot from um >> Because his pivot from um >> Because his pivot from um loving Israel to all of a sudden hating loving Israel to all of a sudden hating loving Israel to all of a sudden hating it felt so out of nowhere, right? And it felt so out of nowhere, right? And it felt so out of nowhere, right? And so, to me I'm like, oh he's 100% just so, to me I'm like, oh he's 100% just so, to me I'm like, oh he's 100% just trying to get the populace and the most trying to get the populace and the most trying to get the populace and the most people on his side cuz now he's then people on his side cuz now he's then people on his side cuz now he's then pulling from both the left and the right pulling from both the left and the right pulling from both the left and the right audience that is now disliking Trump audience that is now disliking Trump audience that is now disliking Trump because of the MAGA civil war. because of the MAGA civil war. because of the MAGA civil war. That that read makes a lot of sense to That that read makes a lot of sense to That that read makes a lot of sense to me. me. me. Yeah. Yeah. Yeah. We'll see. It's going to be interesting We'll see. It's going to be interesting We'll see. It's going to be interesting 2028 cuz at the same time, Democrats 2028 cuz at the same time, Democrats 2028 cuz at the same time, Democrats still haven't still haven't still haven't spun up an actual candidate yet. Like, I spun up an actual candidate yet. Like, I spun up an actual candidate yet. Like, I know Gavin Newsom, Kamala Harris I'm know Gavin Newsom, Kamala Harris I'm know Gavin Newsom, Kamala Harris I'm sure she's coming back. Nobody wants to sure she's coming back. Nobody wants to sure she's coming back. Nobody wants to vote for any of those people, but for vote for any of those people, but for vote for any of those people, but for somehow I do think the DNC is going to somehow I do think the DNC is going to somehow I do think the DNC is going to fumble the bag again and I think that fumble the bag again and I think that fumble the bag again and I think that whoever comes out of the right is whoever comes out of the right is whoever comes out of the right is probably going to win. I just don't probably going to win. I just don't probably going to win. I just don't think they have a think they have a think they have a >> going to happen at the midterms? >> going to happen at the midterms? >> going to happen at the midterms? >> Midterms is going to be Dems. Dems going >> Midterms is going to be Dems. Dems going >> Midterms is going to be Dems. Dems going to get it. to get it. to get it. >> I think for that reason the the >> I think for that reason the the >> I think for that reason the the president will flip as well unless president will flip as well unless president will flip as well unless something happens in the intervening something happens in the intervening something happens in the intervening time where the Republicans um pull off a time where the Republicans um pull off a time where the Republicans um pull off a growth miracle. growth miracle. growth miracle. Uh it it it will once again be enough to Uh it it it will once again be enough to Uh it it it will once again be enough to say, I'm not Donald Trump. I really say, I'm not Donald Trump. I really say, I'm not Donald Trump. I really think that like will be enough. Like, think that like will be enough. Like, think that like will be enough. Like, for for an election that wasn't enough. for for an election that wasn't enough. for for an election that wasn't enough. But now, like bro, if you held the But now, like bro, if you held the But now, like bro, if you held the elections today and were just like, I'm elections today and were just like, I'm elections today and were just like, I'm not Donald Trump. I'm not a [ __ ] not Donald Trump. I'm not a [ __ ] not Donald Trump. I'm not a [ __ ] psychopath. I'm not psychopath. I'm not psychopath. I'm not uh attacking other countries. I'm not uh attacking other countries. I'm not uh attacking other countries. I'm not alienating every ally that we have. I'm alienating every ally that we have. I'm alienating every ally that we have. I'm not corrupt. Look at all the crazy [ __ ] not corrupt. Look at all the crazy [ __ ] not corrupt. Look at all the crazy [ __ ] that he's done. It's like, yeah, that's that he's done. It's like, yeah, that's that he's done. It's like, yeah, that's probably going to be enough. And and I probably going to be enough. And and I probably going to be enough. And and I that makes me very sad, PS by the way, that makes me very sad, PS by the way, that makes me very sad, PS by the way, because I want somebody running on because I want somebody running on because I want somebody running on fiscal discipline. fiscal discipline. fiscal discipline. Um but I think for Um but I think for Um but I think for again, as of today, I'm not Trump is again, as of today, I'm not Trump is again, as of today, I'm not Trump is once again a winning strategy. once again a winning strategy. once again a winning strategy. It it sounds good. I just I don't I It it sounds good. I just I don't I It it sounds good. I just I don't I don't think it is cuz I don't think it is cuz I don't think it is cuz I Republicans are better at campaigning Republicans are better at campaigning Republicans are better at campaigning than the Democrats are. Democrats are than the Democrats are. Democrats are than the Democrats are. Democrats are going to go to their sweet spot cities. going to go to their sweet spot cities. going to go to their sweet spot cities. They're not going to try to get anybody They're not going to try to get anybody They're not going to try to get anybody in the center. They're going to spin up in the center. They're going to spin up in the center. They're going to spin up Nazi, I'm not Trump, free everything. Nazi, I'm not Trump, free everything. Nazi, I'm not Trump, free everything. And I think the Republicans are still And I think the Republicans are still And I think the Republicans are still going to do keen middle ball. There's going to do keen middle ball. There's going to do keen middle ball. There's going to be somebody that's going to be somebody that's going to be somebody that's center MAGA, but is still traditionally center MAGA, but is still traditionally center MAGA, but is still traditionally right of Democrats and everything like right of Democrats and everything like right of Democrats and everything like that. And I think that's the white space that. And I think that's the white space that. And I think that's the white space that they can do. Like a classic Mitt that they can do. Like a classic Mitt that they can do. Like a classic Mitt Romney style conservative who is okay Romney style conservative who is okay Romney style conservative who is okay with Israel, but doesn't talk about it. with Israel, but doesn't talk about it. with Israel, but doesn't talk about it. Somebody who votes along party lines, Somebody who votes along party lines, Somebody who votes along party lines, but acts says some Democratic talking but acts says some Democratic talking but acts says some Democratic talking points that people shouldn't just die points that people shouldn't just die points that people shouldn't just die with their health care. Like, it's going with their health care. Like, it's going with their health care. Like, it's going to be one of those types of spins that's to be one of those types of spins that's to be one of those types of spins that's going to end up winning. Oh, I was just going to end up winning. Oh, I was just going to end up winning. Oh, I was just going to toss in. I feel like the going to toss in. I feel like the going to toss in. I feel like the biggest problem between the Democrats biggest problem between the Democrats biggest problem between the Democrats and the Republicans is Republicans and the Republicans is Republicans and the Republicans is Republicans understand how to listen to their base understand how to listen to their base understand how to listen to their base and feed into that, give them the red and feed into that, give them the red and feed into that, give them the red meat. Democratic politicians across the meat. Democratic politicians across the meat. Democratic politicians across the board do not feed into what their base board do not feed into what their base board do not feed into what their base wants. And right now, what a lot of wants. And right now, what a lot of wants. And right now, what a lot of their base is asking for is a more left their base is asking for is a more left their base is asking for is a more left turn versus the center turn, which is turn versus the center turn, which is turn versus the center turn, which is what the Republicans did back in 2016 what the Republicans did back in 2016 what the Republicans did back in 2016 with the first election of Trump. I'm with the first election of Trump. I'm with the first election of Trump. I'm going to take exception to that. What I going to take exception to that. What I going to take exception to that. What I think is they are um think is they are um think is they are um accidentally aligned with the far left accidentally aligned with the far left accidentally aligned with the far left and have been pitching that message and have been pitching that message and have been pitching that message non-stop violence. And now, the world is non-stop violence. And now, the world is non-stop violence. And now, the world is catching up to them. And so, even if catching up to them. And so, even if catching up to them. And so, even if they're not doing it specifically to they're not doing it specifically to they're not doing it specifically to appeal to their base, they are going to appeal to their base, they are going to appeal to their base, they are going to appeal to their base because with every appeal to their base because with every appeal to their base because with every dollar that we print, uh we are putting dollar that we print, uh we are putting dollar that we print, uh we are putting ourselves in a situation where the ourselves in a situation where the ourselves in a situation where the middle class is getting hollowed out middle class is getting hollowed out middle class is getting hollowed out harder and harder. And now you're in a harder and harder. And now you're in a harder and harder. And now you're in a position where people are just like, the position where people are just like, the position where people are just like, the only way for me to get ahead is if you only way for me to get ahead is if you only way for me to get ahead is if you make this [ __ ] free. If you start um make this [ __ ] free. If you start um make this [ __ ] free. If you start um repressing wage or not wage increase, repressing wage or not wage increase, repressing wage or not wage increase, but uh pricing increases in housing and but uh pricing increases in housing and but uh pricing increases in housing and things like that, it's just all going to things like that, it's just all going to things like that, it's just all going to start to sound better and better. Um and start to sound better and better. Um and start to sound better and better. Um and so, from the second Mondani got elected, so, from the second Mondani got elected, so, from the second Mondani got elected, I was like, uh-oh. Like, this is where I was like, uh-oh. Like, this is where I was like, uh-oh. Like, this is where the energy is culturally. Um we'll see. the energy is culturally. Um we'll see. the energy is culturally. Um we'll see. The thing that Mondani had going for him The thing that Mondani had going for him The thing that Mondani had going for him is being in a city with so many is being in a city with so many is being in a city with so many foreign-born foreign-born foreign-born um people. And so, does that then hold um people. And so, does that then hold um people. And so, does that then hold across the US because people that were across the US because people that were across the US because people that were born in America were far less likely to born in America were far less likely to born in America were far less likely to vote for Mondani than people that vote for Mondani than people that vote for Mondani than people that weren't born in America. And so, New weren't born in America. And so, New weren't born in America. And so, New York is going to have a much higher York is going to have a much higher York is going to have a much higher proportion of that presumably than proportion of that presumably than proportion of that presumably than across the US. across the US. across the US. Uh but you will have places like Uh but you will have places like Uh but you will have places like California where we have a ton of California where we have a ton of California where we have a ton of non-US-born people. And so, if they vote non-US-born people. And so, if they vote non-US-born people. And so, if they vote in similar ways, in similar ways, in similar ways, um if there are enough pockets like um if there are enough pockets like um if there are enough pockets like that, and I certainly haven't thought that, and I certainly haven't thought that, and I certainly haven't thought through this, but if there are enough through this, but if there are enough through this, but if there are enough pockets like that, I could see um that pockets like that, I could see um that pockets like that, I could see um that energy really just igniting. energy really just igniting. energy really just igniting. That one feels like it's on the upswing. That one feels like it's on the upswing. That one feels like it's on the upswing. I'll give I'll say that much. Yeah. Uh I'll give I'll say that much. Yeah. Uh I'll give I'll say that much. Yeah. Uh all right. Let's do the jokes that I do all right. Let's do the jokes that I do all right. Let's do the jokes that I do got. Um got. Um got. Um we covered a couple of them. This one we covered a couple of them. This one we covered a couple of them. This one was just funny. Hasan, you set yourself was just funny. Hasan, you set yourself was just funny. Hasan, you set yourself up for this one. I don't even know what up for this one. I don't even know what up for this one. I don't even know what you were thinking. The caption reads, you were thinking. The caption reads, you were thinking. The caption reads, "Lenin in one hand, Cartier on the "Lenin in one hand, Cartier on the "Lenin in one hand, Cartier on the other." And a performative post from other." And a performative post from other." And a performative post from Hasan reading a book from uh That's Hasan reading a book from uh That's Hasan reading a book from uh That's Lenin, right? Um Lenin, right? Um Lenin, right? Um What it What is to be done? While What it What is to be done? While What it What is to be done? While wearing a $4,300 Cartier ring. Maybe it wearing a $4,300 Cartier ring. Maybe it wearing a $4,300 Cartier ring. Maybe it was a fake. He No, no, no. It's real. was a fake. He No, no, no. It's real. was a fake. He No, no, no. It's real. Like, this kid is bougie as [ __ ] And Like, this kid is bougie as [ __ ] And Like, this kid is bougie as [ __ ] And let let me just say, let let me just say, let let me just say, this kid is for real a Chad. this kid is for real a Chad. this kid is for real a Chad. He is tall as [ __ ] He's broad all day He is tall as [ __ ] He's broad all day He is tall as [ __ ] He's broad all day long. He's good-looking. He's rich. long. He's good-looking. He's rich. long. He's good-looking. He's rich. Like, goddamn. And he's got that Like, goddamn. And he's got that Like, goddamn. And he's got that populist message. This guy, like, get on populist message. This guy, like, get on populist message. This guy, like, get on Brian Johnson's subscription model cuz Brian Johnson's subscription model cuz Brian Johnson's subscription model cuz he can have the caviar of uh he can have the caviar of uh he can have the caviar of uh I'll leave it at that. But [laughter] I'll leave it at that. But [laughter] I'll leave it at that. But [laughter] like, goddamn. like, goddamn. like, goddamn. >> have all the microbiomes he wants. >> have all the microbiomes he wants. >> have all the microbiomes he wants. >> All the microbiomes, Drew. Top 1%. He >> All the microbiomes, Drew. Top 1%. He >> All the microbiomes, Drew. Top 1%. He wants the top 0.1%. This kid could get wants the top 0.1%. This kid could get wants the top 0.1%. This kid could get it. So, uh there's no reason to deny my it. So, uh there's no reason to deny my it. So, uh there's no reason to deny my man's prowess. He's got the money. He's man's prowess. He's got the money. He's man's prowess. He's got the money. He's got the drip. Like, he dresses well. got the drip. Like, he dresses well. got the drip. Like, he dresses well. He's got style for days. For real. Like, He's got style for days. For real. Like, He's got style for days. For real. Like, this guy is the total package. The only this guy is the total package. The only this guy is the total package. The only problem is problem is problem is the things that he like puts forward, the things that he like puts forward, the things that he like puts forward, his political um philosophy, gets people his political um philosophy, gets people his political um philosophy, gets people killed. So, that's the only catch. But killed. So, that's the only catch. But killed. So, that's the only catch. But like, man, he is really in tune with like, man, he is really in tune with like, man, he is really in tune with what people want to hear. Now, how much what people want to hear. Now, how much what people want to hear. Now, how much of it does he believe? He probably of it does he believe? He probably of it does he believe? He probably believes a lot of it. And he may just be believes a lot of it. And he may just be believes a lot of it. And he may just be young enough that he doesn't see where young enough that he doesn't see where young enough that he doesn't see where it breaks. He hasn't thought through it breaks. He hasn't thought through it breaks. He hasn't thought through like like like why has this always failed historically? why has this always failed historically? why has this always failed historically? Like, where So again, going back to I Like, where So again, going back to I Like, where So again, going back to I look at the world through the lens of a look at the world through the lens of a look at the world through the lens of a spreadsheet. There there is a cell spreadsheet. There there is a cell spreadsheet. There there is a cell somewhere in the spreadsheet that somewhere in the spreadsheet that somewhere in the spreadsheet that breaks. And one of the things that breaks. And one of the things that breaks. And one of the things that people just don't account for is uh people just don't account for is uh people just don't account for is uh humans are altruistic with their family humans are altruistic with their family humans are altruistic with their family and friends and absolutely not when it and friends and absolutely not when it and friends and absolutely not when it comes to the wider world. And the second comes to the wider world. And the second comes to the wider world. And the second you expect them to be, then parasites you expect them to be, then parasites you expect them to be, then parasites come from all over the place who are the come from all over the place who are the come from all over the place who are the people that just won't get in line with people that just won't get in line with people that just won't get in line with what you're doing. And so, then all of a what you're doing. And so, then all of a what you're doing. And so, then all of a sudden you have to have secret police to sudden you have to have secret police to sudden you have to have secret police to figure out who are the parasites. Then figure out who are the parasites. Then figure out who are the parasites. Then all of a sudden you realize, wait a all of a sudden you realize, wait a all of a sudden you realize, wait a second, there's some parasites in the second, there's some parasites in the second, there's some parasites in the secret police. And so, now are we secret police. And so, now are we secret police. And so, now are we actually killing the right people? And actually killing the right people? And actually killing the right people? And it just gets psychotic so fast. And so, it just gets psychotic so fast. And so, it just gets psychotic so fast. And so, if I could get him to read like the if I could get him to read like the if I could get him to read like the Gulag Archipelago and stuff like that, Gulag Archipelago and stuff like that, Gulag Archipelago and stuff like that, he might walk away going, okay, here's he might walk away going, okay, here's he might walk away going, okay, here's my strategy for why this isn't going to my strategy for why this isn't going to my strategy for why this isn't going to work, why we won't have these same work, why we won't have these same work, why we won't have these same problems that we had in the past, we problems that we had in the past, we problems that we had in the past, we won't have them in the future. And if he won't have them in the future. And if he won't have them in the future. And if he can detail them out, then you can just can detail them out, then you can just can detail them out, then you can just start going, "Okay, but how are you start going, "Okay, but how are you start going, "Okay, but how are you going to address this problem, this going to address this problem, this going to address this problem, this problem, this problem that made that problem, this problem that made that problem, this problem that made that happen before?" Like, how do you happen before?" Like, how do you happen before?" Like, how do you actually stop parasites from becoming actually stop parasites from becoming actually stop parasites from becoming part of the government? How do people part of the government? How do people part of the government? How do people stop hiding? Who do you trust to stop hiding? Who do you trust to stop hiding? Who do you trust to actually identify the right people? It actually identify the right people? It actually identify the right people? It it it's one of those where he'll have an it it's one of those where he'll have an it it's one of those where he'll have an answer, but everyone will be able to to answer, but everyone will be able to to answer, but everyone will be able to to hear that it's terrible. And so, hear that it's terrible. And so, hear that it's terrible. And so, if I'm going to continue doing if I'm going to continue doing if I'm going to continue doing interviews, that's the thing that I interviews, that's the thing that I interviews, that's the thing that I really have to start doing is go, "I'm really have to start doing is go, "I'm really have to start doing is go, "I'm just here to map out how they plan to just here to map out how they plan to just here to map out how they plan to solve for these problems." solve for these problems." solve for these problems." >> Mhm. >> Mhm. >> Mhm. Um that would be at least the thing that Um that would be at least the thing that Um that would be at least the thing that would make this interesting. I got close would make this interesting. I got close would make this interesting. I got close to it with Dave Smith, but probably not to it with Dave Smith, but probably not to it with Dave Smith, but probably not all the way there. I'd have to go back all the way there. I'd have to go back all the way there. I'd have to go back and watch the episode. Um but yeah. and watch the episode. Um but yeah. and watch the episode. Um but yeah. Anyway, that's where these guys all fall Anyway, that's where these guys all fall Anyway, that's where these guys all fall down is they stop at a feeling. This down is they stop at a feeling. This down is they stop at a feeling. This feels right. And because it feels right, feels right. And because it feels right, feels right. And because it feels right, then I don't push this any farther. then I don't push this any farther. then I don't push this any farther. Yeah. I'm with it. I'm with it. Uh Yeah. I'm with it. I'm with it. Uh Yeah. I'm with it. I'm with it. Uh next one. 52-year-old American Pie next one. 52-year-old American Pie next one. 52-year-old American Pie actress Shannon Elizabeth earned over $1 actress Shannon Elizabeth earned over $1 actress Shannon Elizabeth earned over $1 million in her first week on OnlyFans. million in her first week on OnlyFans. million in her first week on OnlyFans. That is crazy. True. Seven years of That is crazy. True. Seven years of That is crazy. True. Seven years of feminism and the most profitable feminism and the most profitable feminism and the most profitable occupation for women is still occupation for women is still occupation for women is still prostitution. So, you did it, women. prostitution. So, you did it, women. prostitution. So, you did it, women. Oof. Oof. Oof. This one This one This one Here's the thing. Glad that she has the Here's the thing. Glad that she has the Here's the thing. Glad that she has the opportunity to do it. It is utterly opportunity to do it. It is utterly opportunity to do it. It is utterly hilarious to me that hilarious to me that hilarious to me that uh men really do be like this. Like, uh men really do be like this. Like, uh men really do be like this. Like, they really just Let me just see him. I they really just Let me just see him. I they really just Let me just see him. I just want to see him. just want to see him. just want to see him. >> [laughter] >> [laughter] >> [laughter] >> How much does it cost me to see him? >> How much does it cost me to see him? >> How much does it cost me to see him? >> Yeah. That's what I will pay. Dude, >> Yeah. That's what I will pay. Dude, >> Yeah. That's what I will pay. Dude, monkeys. Remember, boys and girls, the monkeys. Remember, boys and girls, the monkeys. Remember, boys and girls, the second monkeys were taught that grapes second monkeys were taught that grapes second monkeys were taught that grapes are currency, the first thing they are currency, the first thing they are currency, the first thing they traded it for was sex. traded it for was sex. traded it for was sex. So, uh this is is not even just a human So, uh this is is not even just a human So, uh this is is not even just a human thing. Like, this is what we do. thing. Like, this is what we do. thing. Like, this is what we do. Um so, I get it. It is There's something Um so, I get it. It is There's something Um so, I get it. It is There's something interesting about interesting about interesting about as you get older, as you get older, as you get older, it starts to feel weird that you're it starts to feel weird that you're it starts to feel weird that you're still using your sexuality to get ahead. still using your sexuality to get ahead. still using your sexuality to get ahead. Mhm. And I've even thought about this. Mhm. And I've even thought about this. Mhm. And I've even thought about this. So, because I really um am focused on So, because I really um am focused on So, because I really um am focused on creating entertainment that positively creating entertainment that positively creating entertainment that positively impacts kids specifically in the 11 to impacts kids specifically in the 11 to impacts kids specifically in the 11 to 15-year-old range, 15-year-old range, 15-year-old range, the only way I'm going to be able to do the only way I'm going to be able to do the only way I'm going to be able to do that is if I'm aware of youth culture. that is if I'm aware of youth culture. that is if I'm aware of youth culture. Mhm. Mhm. Mhm. And there's like these two paths before And there's like these two paths before And there's like these two paths before me. So, um me. So, um me. So, um if you guys don't know, I can't believe if you guys don't know, I can't believe if you guys don't know, I can't believe the following statement is true, but it the following statement is true, but it the following statement is true, but it is true. The best asset class of last 5 is true. The best asset class of last 5 is true. The best asset class of last 5 or 10 years, but certainly last 5 years, or 10 years, but certainly last 5 years, or 10 years, but certainly last 5 years, is uh pop culture merchandise. So, is uh pop culture merchandise. So, is uh pop culture merchandise. So, um um um uh uh uh Pokémon cards being one of the easiest Pokémon cards being one of the easiest Pokémon cards being one of the easiest to point to, but it's not just that. So, to point to, but it's not just that. So, to point to, but it's not just that. So, imagine. It's outperformed Bitcoin. It's imagine. It's outperformed Bitcoin. It's imagine. It's outperformed Bitcoin. It's outperformed the S&P 500. Pokémon cards. outperformed the S&P 500. Pokémon cards. outperformed the S&P 500. Pokémon cards. It's wild. So, I can interface with the It's wild. So, I can interface with the It's wild. So, I can interface with the culture, Pokémon cards. Like, I culture, Pokémon cards. Like, I culture, Pokémon cards. Like, I legitimately collect One Piece cards. Uh legitimately collect One Piece cards. Uh legitimately collect One Piece cards. Uh I'm watching One Piece like a I'm watching One Piece like a I'm watching One Piece like a psychopath. And so, there's that and psychopath. And so, there's that and psychopath. And so, there's that and getting in touch with that, but getting in touch with that, but getting in touch with that, but you're doing it as an investor, as you're doing it as an investor, as you're doing it as an investor, as somebody who's interested in like, somebody who's interested in like, somebody who's interested in like, "Okay, where is youth culture? How's it "Okay, where is youth culture? How's it "Okay, where is youth culture? How's it going?" And then there's being of youth going?" And then there's being of youth going?" And then there's being of youth culture and trying to like Like, I've culture and trying to like Like, I've culture and trying to like Like, I've really In fact, if you are a game really In fact, if you are a game really In fact, if you are a game developer, for the love of God, I I want developer, for the love of God, I I want developer, for the love of God, I I want to start like a WhatsApp group or a to start like a WhatsApp group or a to start like a WhatsApp group or a Telegram group or something for Telegram group or something for Telegram group or something for developers. And I really want to um see developers. And I really want to um see developers. And I really want to um see like how young people play the games and like how young people play the games and like how young people play the games and all that. But anyway, as I think about all that. But anyway, as I think about all that. But anyway, as I think about remaining relevant to that group, like remaining relevant to that group, like remaining relevant to that group, like actually myself being forward-facing, I actually myself being forward-facing, I actually myself being forward-facing, I start to feel weird. Like, there is just start to feel weird. Like, there is just start to feel weird. Like, there is just something about I don't feel weird at something about I don't feel weird at something about I don't feel weird at all engaging with culture as an all engaging with culture as an all engaging with culture as an anthropologist, as an investor, but I anthropologist, as an investor, but I anthropologist, as an investor, but I feel weird trying to be of the culture. feel weird trying to be of the culture. feel weird trying to be of the culture. And it's like, "Why?" But there really And it's like, "Why?" But there really And it's like, "Why?" But there really is something there. And this triggers is something there. And this triggers is something there. And this triggers that same feeling for me. Where it's that same feeling for me. Where it's that same feeling for me. Where it's like, when I'm an anthropologist like, when I'm an anthropologist like, when I'm an anthropologist as an older woman of female sexuality, as an older woman of female sexuality, as an older woman of female sexuality, cool, makes sense. When I try to express cool, makes sense. When I try to express cool, makes sense. When I try to express my sexuality as an older woman, it my sexuality as an older woman, it my sexuality as an older woman, it starts to be like, "Uh starts to be like, "Uh starts to be like, "Uh There's something weird about that." And There's something weird about that." And There's something weird about that." And now, I'm married to a woman who is about now, I'm married to a woman who is about now, I'm married to a woman who is about to be in her late 40s. And so, it's to be in her late 40s. And so, it's to be in her late 40s. And so, it's like, but I still see her as this like, but I still see her as this like, but I still see her as this incredibly sexually charged, sexually incredibly sexually charged, sexually incredibly sexually charged, sexually attractive woman. And I want her to be attractive woman. And I want her to be attractive woman. And I want her to be completely embodied in her sexuality, to completely embodied in her sexuality, to completely embodied in her sexuality, to enjoy her body, to feel sexual, to move enjoy her body, to feel sexual, to move enjoy her body, to feel sexual, to move sexually, all of that. So, it's like, sexually, all of that. So, it's like, sexually, all of that. So, it's like, "Well, then why does it feel weird when "Well, then why does it feel weird when "Well, then why does it feel weird when she does it?" Because it's abstracted she does it?" Because it's abstracted she does it?" Because it's abstracted from my life, I guess. But there still from my life, I guess. But there still from my life, I guess. But there still really is something weird. And there really is something weird. And there really is something weird. And there will become an age where I'm like, "Yes, will become an age where I'm like, "Yes, will become an age where I'm like, "Yes, baby, I want you to do that kind of baby, I want you to do that kind of baby, I want you to do that kind of thing for me, but it feels weird now if thing for me, but it feels weird now if thing for me, but it feels weird now if you're posting on Instagram in like a you're posting on Instagram in like a you're posting on Instagram in like a sexually um you know, provocative sexually um you know, provocative sexually um you know, provocative manner." manner." manner." So, there is something there. So, there is something there. So, there is something there. And I don't quite know how to reconcile And I don't quite know how to reconcile And I don't quite know how to reconcile it. Yeah. Cuz it seems like it's it's it. Yeah. Cuz it seems like it's it's it. Yeah. Cuz it seems like it's it's less even about the sexuality, but more less even about the sexuality, but more less even about the sexuality, but more so like the time frame that deals with so like the time frame that deals with so like the time frame that deals with it. So, it's almost It is old people it. So, it's almost It is old people it. So, it's almost It is old people trying to cling to youth is the trying to cling to youth is the trying to cling to youth is the weirdness. I'm just not sure why it's weirdness. I'm just not sure why it's weirdness. I'm just not sure why it's weird. Let me make a pitch for you. weird. Let me make a pitch for you. weird. Let me make a pitch for you. Uh I Uh I Uh I I think I don't know yet. This will play I think I don't know yet. This will play I think I don't know yet. This will play out in the fullness of my life, but I out in the fullness of my life, but I out in the fullness of my life, but I think one of the reasons that I've been think one of the reasons that I've been think one of the reasons that I've been able to do different businesses and able to do different businesses and able to do different businesses and continue to be successful is that I um continue to be successful is that I um continue to be successful is that I um there's a part of my brain that does not there's a part of my brain that does not there's a part of my brain that does not function {quote} {unquote} well, which function {quote} {unquote} well, which function {quote} {unquote} well, which is that I don't calcify. My beliefs are is that I don't calcify. My beliefs are is that I don't calcify. My beliefs are I've I've often told people, "If you I've I've often told people, "If you I've I've often told people, "If you exit my life within 10 years, I'm going exit my life within 10 years, I'm going exit my life within 10 years, I'm going to struggle to remember your name." to struggle to remember your name." to struggle to remember your name." And I hate that about myself. But I And I hate that about myself. But I And I hate that about myself. But I think it actually has an upside, which think it actually has an upside, which think it actually has an upside, which is I don't calcify into dogma the way is I don't calcify into dogma the way is I don't calcify into dogma the way that people normally do. So, there's that people normally do. So, there's that people normally do. So, there's this great quote in um physics that this great quote in um physics that this great quote in um physics that science does not advance one insight at science does not advance one insight at science does not advance one insight at a time. It advances one funeral at a a time. It advances one funeral at a a time. It advances one funeral at a time. time. time. >> Mhm. Uh there's another quote, "Genius >> Mhm. Uh there's another quote, "Genius >> Mhm. Uh there's another quote, "Genius is a young man's game." Why? Why are is a young man's game." Why? Why are is a young man's game." Why? Why are these two things true? Why do people these two things true? Why do people these two things true? Why do people have to die off for the new thing to have to die off for the new thing to have to die off for the new thing to come forward? Why can't old people go, come forward? Why can't old people go, come forward? Why can't old people go, "Oh, yeah, that is better. That is more "Oh, yeah, that is better. That is more "Oh, yeah, that is better. That is more useful." Why is it that when we're useful." Why is it that when we're useful." Why is it that when we're young, we're far more likely to have the young, we're far more likely to have the young, we're far more likely to have the breakthrough than when we get older? breakthrough than when we get older? breakthrough than when we get older? Think the answer is you learn that Think the answer is you learn that Think the answer is you learn that certain things work and you just certain things work and you just certain things work and you just optimize. These are the things that optimize. These are the things that optimize. These are the things that work. But the world doesn't stay the work. But the world doesn't stay the work. But the world doesn't stay the same. It changes. So, the very thing same. It changes. So, the very thing same. It changes. So, the very thing that helped you when you were young that helped you when you were young that helped you when you were young becomes a liability as you get old. That becomes a liability as you get old. That becomes a liability as you get old. That doesn't happen to me. doesn't happen to me. doesn't happen to me. And it's just I'll forget how I used to And it's just I'll forget how I used to And it's just I'll forget how I used to do something. And I'll have to like do something. And I'll have to like do something. And I'll have to like re-remind myself, "How did I approach re-remind myself, "How did I approach re-remind myself, "How did I approach that problem?" And so, because of that, that problem?" And so, because of that, that problem?" And so, because of that, I can update, update, update. Now, I may I can update, update, update. Now, I may I can update, update, update. Now, I may find this is delusion and I'm lying to find this is delusion and I'm lying to find this is delusion and I'm lying to myself and I'm just as calcified as myself and I'm just as calcified as myself and I'm just as calcified as anybody else and and I can't stay anybody else and and I can't stay anybody else and and I can't stay relevant. Whatever. We'll see in the relevant. Whatever. We'll see in the relevant. Whatever. We'll see in the fullness of time. But right now, what fullness of time. But right now, what fullness of time. But right now, what I'm saying feels true to me. It really I'm saying feels true to me. It really I'm saying feels true to me. It really does feel like I'm just constantly on does feel like I'm just constantly on does feel like I'm just constantly on the search for what's the thing that the search for what's the thing that the search for what's the thing that works right now today. Uh so, for works right now today. Uh so, for works right now today. Uh so, for instance, I grew up on Western um instance, I grew up on Western um instance, I grew up on Western um entertainment, comics, things like that. entertainment, comics, things like that. entertainment, comics, things like that. But I have legitimately fallen in love But I have legitimately fallen in love But I have legitimately fallen in love with Japanese storytelling. with Japanese storytelling. with Japanese storytelling. Um and so, Um and so, Um and so, if we can refresh ourselves and if we can refresh ourselves and if we can refresh ourselves and fall in love with something new that's fall in love with something new that's fall in love with something new that's youthful, why is that so weird? It is youthful, why is that so weird? It is youthful, why is that so weird? It is weird. I can feel it. I can see it. I weird. I can feel it. I can see it. I weird. I can feel it. I can see it. I see it in other people, certainly even see it in other people, certainly even see it in other people, certainly even more than myself. But I'm not yet sure more than myself. But I'm not yet sure more than myself. But I'm not yet sure why that's so weird. why that's so weird. why that's so weird. >> Mhm. But it is. >> Mhm. But it is. >> Mhm. But it is. So, don't know. All right. We got some So, don't know. All right. We got some So, don't know. All right. We got some super chats right at the buzzer. Yep. super chats right at the buzzer. Yep. super chats right at the buzzer. Yep. Two to close it out. Two to close it out. Two to close it out. From Jose Mata says, "Hey Tom and Drew. From Jose Mata says, "Hey Tom and Drew. From Jose Mata says, "Hey Tom and Drew. Thanks for your work. Love tuning in. As Thanks for your work. Love tuning in. As Thanks for your work. Love tuning in. As a would-be first-time homeowner in a a would-be first-time homeowner in a a would-be first-time homeowner in a market like uh PHX with a family, what's market like uh PHX with a family, what's market like uh PHX with a family, what's that?" Phoenix. Phoenix. Uh Phoenix with that?" Phoenix. Phoenix. Uh Phoenix with that?" Phoenix. Phoenix. Uh Phoenix with a family, would you buy a home given the a family, would you buy a home given the a family, would you buy a home given the debt crisis? I'm finally able to afford debt crisis? I'm finally able to afford debt crisis? I'm finally able to afford it, but how'd you decide? Phoenix it, but how'd you decide? Phoenix it, but how'd you decide? Phoenix rentals have been rentals have been rentals have been dropping like flies, too. You can get a dropping like flies, too. You can get a dropping like flies, too. You can get a nice rental in Phoenix. So, are you one nice rental in Phoenix. So, are you one nice rental in Phoenix. So, are you one of those like buy when it makes sense, of those like buy when it makes sense, of those like buy when it makes sense, rent otherwise? Or rent otherwise? Or rent otherwise? Or >> Yes, aggressively. So, if you think of >> Yes, aggressively. So, if you think of >> Yes, aggressively. So, if you think of owning a home as a forced savings owning a home as a forced savings owning a home as a forced savings account, if you're willing to pay the account, if you're willing to pay the account, if you're willing to pay the premium to force you to save the money, premium to force you to save the money, premium to force you to save the money, it can be great. But you're going to it can be great. But you're going to it can be great. But you're going to have to do upkeep. You're going to have have to do upkeep. You're going to have have to do upkeep. You're going to have property tax. I'd be far more interested property tax. I'd be far more interested property tax. I'd be far more interested in buying somewhere if they get rid of in buying somewhere if they get rid of in buying somewhere if they get rid of property tax, which Florida is talking property tax, which Florida is talking property tax, which Florida is talking about doing. Um so, that gets more about doing. Um so, that gets more about doing. Um so, that gets more interesting. But houses are tough to interesting. But houses are tough to interesting. But houses are tough to upkeep. Um but you're going to get a lot upkeep. Um but you're going to get a lot upkeep. Um but you're going to get a lot of pressure from your wife, if you have of pressure from your wife, if you have of pressure from your wife, if you have a wife, uh a wife, uh a wife, uh to nest. And so, men think of it as a to nest. And so, men think of it as a to nest. And so, men think of it as a nest egg. Women think of it as a nest. nest egg. Women think of it as a nest. nest egg. Women think of it as a nest. So, it ends up being just So, it ends up being just So, it ends up being just psychologically often times the right psychologically often times the right psychologically often times the right thing to do, even if economically it's a thing to do, even if economically it's a thing to do, even if economically it's a little bit questionable. Um so, from little bit questionable. Um so, from little bit questionable. Um so, from that perspective, it's good to have a that perspective, it's good to have a that perspective, it's good to have a forced savings account. But if I could forced savings account. But if I could forced savings account. But if I could snap my fingers, right now I would own snap my fingers, right now I would own snap my fingers, right now I would own zero property. I think right now in zero property. I think right now in zero property. I think right now in California is a terrible time to own California is a terrible time to own California is a terrible time to own property. I don't know the Phoenix property. I don't know the Phoenix property. I don't know the Phoenix market well enough. Um so, think of it market well enough. Um so, think of it market well enough. Um so, think of it that way. Um I would optionality right that way. Um I would optionality right that way. Um I would optionality right now, I think is really strong. I think now, I think is really strong. I think now, I think is really strong. I think that we've got bumpy road ahead of us. that we've got bumpy road ahead of us. that we've got bumpy road ahead of us. Now, having said that, keep in mind, if Now, having said that, keep in mind, if Now, having said that, keep in mind, if I'm right that Kevin Warsh is going to I'm right that Kevin Warsh is going to I'm right that Kevin Warsh is going to come in and it's going to be financial come in and it's going to be financial come in and it's going to be financial repression, having debt is actually repression, having debt is actually repression, having debt is actually useful. Because the debt is going to useful. Because the debt is going to useful. Because the debt is going to reduce in value every day. And as long reduce in value every day. And as long reduce in value every day. And as long as your wages at least keep pace with as your wages at least keep pace with as your wages at least keep pace with inflation or inflation or inflation or at least outpace the rate at which the at least outpace the rate at which the at least outpace the rate at which the dollar weakens, you end up in a better dollar weakens, you end up in a better dollar weakens, you end up in a better scenario. So, the government is almost scenario. So, the government is almost scenario. So, the government is almost certainly going to work to your certainly going to work to your certainly going to work to your advantage. The government and the Fed is advantage. The government and the Fed is advantage. The government and the Fed is going to work to your advantage going to work to your advantage going to work to your advantage devaluing the dollar so that the debt devaluing the dollar so that the debt devaluing the dollar so that the debt becomes easier to pay off over time. All becomes easier to pay off over time. All becomes easier to pay off over time. All of that's real, but it starts to get of that's real, but it starts to get of that's real, but it starts to get very complicated. You'll have to look at very complicated. You'll have to look at very complicated. You'll have to look at this specifically to sort of run the this specifically to sort of run the this specifically to sort of run the math to see where you come out ahead. math to see where you come out ahead. math to see where you come out ahead. And last super chat from my favorite And last super chat from my favorite And last super chat from my favorite user name, Senile Old Man. Tom, love the user name, Senile Old Man. Tom, love the user name, Senile Old Man. Tom, love the show. If we accept the premise that our show. If we accept the premise that our show. If we accept the premise that our universe is a simulation, couldn't God universe is a simulation, couldn't God universe is a simulation, couldn't God be programmed a programmed entity within be programmed a programmed entity within be programmed a programmed entity within it? Like many modern games include it? Like many modern games include it? Like many modern games include deities. [ __ ] That's really deities. [ __ ] That's really deities. [ __ ] That's really interesting. Yes, of course. Now, there interesting. Yes, of course. Now, there interesting. Yes, of course. Now, there are still though the unmoved mover that are still though the unmoved mover that are still though the unmoved mover that people are going to have a question people are going to have a question people are going to have a question about. So, you you don't dodge the need about. So, you you don't dodge the need about. So, you you don't dodge the need to answer the question of why something to answer the question of why something to answer the question of why something instead of nothing, which is the most instead of nothing, which is the most instead of nothing, which is the most profound question any human will ever profound question any human will ever profound question any human will ever ask, but as soon as I say it, it just ask, but as soon as I say it, it just ask, but as soon as I say it, it just sounds like sounds like sounds like empty words. But when you really stop empty words. But when you really stop empty words. But when you really stop and think about that one, that one's the and think about that one, that one's the and think about that one, that one's the question. Um so, yes, there may be a question. Um so, yes, there may be a question. Um so, yes, there may be a thing inside the simulation that we thing inside the simulation that we thing inside the simulation that we think of as God that's doing all the think of as God that's doing all the think of as God that's doing all the like I can pray to him and it does a like I can pray to him and it does a like I can pray to him and it does a thing. Like it's possible that that's thing. Like it's possible that that's thing. Like it's possible that that's coded into the matrix, for sure. It's coded into the matrix, for sure. It's coded into the matrix, for sure. It's really, really fascinating. really, really fascinating. really, really fascinating. Uh but the unmove mover remains a Uh but the unmove mover remains a Uh but the unmove mover remains a question. question. question. It's inside of the lore of Project It's inside of the lore of Project It's inside of the lore of Project Kaizen, there is a question of where is Kaizen, there is a question of where is Kaizen, there is a question of where is the array. Not what is the array, where the array. Not what is the array, where the array. Not what is the array, where is the array? Meaning where is the is the array? Meaning where is the is the array? Meaning where is the server that's running this simulation. server that's running this simulation. server that's running this simulation. And so, that's the question that people And so, that's the question that people And so, that's the question that people still have to contend with. If we're a still have to contend with. If we're a still have to contend with. If we're a simulation, where where are the servers simulation, where where are the servers simulation, where where are the servers running this thing? running this thing? running this thing? That's our super chat. All right, that's That's our super chat. All right, that's That's our super chat. All right, that's all I got. all I got. all I got. >> There it is. All right, everybody. Happy >> There it is. All right, everybody. Happy >> There it is. All right, everybody. Happy Friday, as Drew said. Have a wonderful Friday, as Drew said. Have a wonderful Friday, as Drew said. Have a wonderful weekend. And for any of you guys out weekend. And for any of you guys out weekend. And for any of you guys out there that want to build a business there that want to build a business there that want to build a business using AI, remember, we've got a ZTF, using AI, remember, we've got a ZTF, using AI, remember, we've got a ZTF, Zero to Founder, AI Masterclass on Zero to Founder, AI Masterclass on Zero to Founder, AI Masterclass on Thursday, May 7th. So, this coming Thursday, May 7th. So, this coming Thursday, May 7th. So, this coming Thursday at 1:00 p.m. Pacific. It is Thursday at 1:00 p.m. Pacific. It is Thursday at 1:00 p.m. Pacific. It is free. And I will show you how to build a free. And I will show you how to build a free. And I will show you how to build a company using AI. This is an awesome company using AI. This is an awesome company using AI. This is an awesome class. It is super free, and you will class. It is super free, and you will class. It is super free, and you will get a ton of value out of it. So, I hope get a ton of value out of it. So, I hope get a ton of value out of it. So, I hope to see you this Thursday, May 7th at to see you this Thursday, May 7th at to see you this Thursday, May 7th at 1:00 p.m. Pacific. All right, everybody. 1:00 p.m. Pacific. All right, everybody. 1:00 p.m. Pacific. All right, everybody. Have a wonderful weekend. Peace.