US Intervenes On The Crashing Yen, Trump TACOS On Iran War, & The Ceuta Drama Gets Deeper

Good morning everybody. Welcome to Good morning everybody. Welcome to another episode of the Tom Billy Show another episode of the Tom Billy Show another episode of the Tom Billy Show live. We are coming to you in the midst live. We are coming to you in the midst live. We are coming to you in the midst of absolute world chaos. Trump has of absolute world chaos. Trump has of absolute world chaos. Trump has tacoed out again on his threats to hit tacoed out again on his threats to hit tacoed out again on his threats to hit Iran harder than anyone has ever been Iran harder than anyone has ever been Iran harder than anyone has ever been hit since World War II. So he says we're hit since World War II. So he says we're hit since World War II. So he says we're going to take a look at that, why it's going to take a look at that, why it's going to take a look at that, why it's going on, what's happening. You're going going on, what's happening. You're going going on, what's happening. You're going to want to hear the behind-the-scenes to want to hear the behind-the-scenes to want to hear the behind-the-scenes rumors of why oil prices crashed when rumors of why oil prices crashed when rumors of why oil prices crashed when Trump announced the massive strike on Trump announced the massive strike on Trump announced the massive strike on Iran wasn't going to happen. And in Iran wasn't going to happen. And in Iran wasn't going to happen. And in completely related news, Trump Truth API completely related news, Trump Truth API completely related news, Trump Truth API has launched, selling trading firms has launched, selling trading firms has launched, selling trading firms early access to his tweets. Going to early access to his tweets. Going to early access to his tweets. Going to talk about if this is legal and if it's talk about if this is legal and if it's talk about if this is legal and if it's not legal, should it be or sorry, if it not legal, should it be or sorry, if it not legal, should it be or sorry, if it if it is legal, should it be illegal? I if it is legal, should it be illegal? I if it is legal, should it be illegal? I have some pretty strong feelings on the have some pretty strong feelings on the have some pretty strong feelings on the issue. The US has coordinated with Japan issue. The US has coordinated with Japan issue. The US has coordinated with Japan to try to prop up the yen. Man, there's to try to prop up the yen. Man, there's to try to prop up the yen. Man, there's just intervention everywhere you look in just intervention everywhere you look in just intervention everywhere you look in the world. We're going to discuss what the world. We're going to discuss what the world. We're going to discuss what this means and where we're likely to go this means and where we're likely to go this means and where we're likely to go from here. Elon Musk has sort of reone from here. Elon Musk has sort of reone from here. Elon Musk has sort of reone viral for an insane breakthrough from viral for an insane breakthrough from viral for an insane breakthrough from Neurolink that is proving in my opinion Neurolink that is proving in my opinion Neurolink that is proving in my opinion that we're all going to be cyborgs in that we're all going to be cyborgs in that we're all going to be cyborgs in the near future. We're going to talk the near future. We're going to talk the near future. We're going to talk about what that looks like, whether you about what that looks like, whether you about what that looks like, whether you should be scared or embracing it. And should be scared or embracing it. And should be scared or embracing it. And something happened this week at the film something happened this week at the film something happened this week at the film box office that is absolutely box office that is absolutely box office that is absolutely mind-blowing. And I think that we may be mind-blowing. And I think that we may be mind-blowing. And I think that we may be moving into a new era. And as a film moving into a new era. And as a film moving into a new era. And as a film buff, I couldn't be more excited. All buff, I couldn't be more excited. All buff, I couldn't be more excited. All right. Things that I'm not excited right. Things that I'm not excited right. Things that I'm not excited about. Trump has served a plate just about. Trump has served a plate just about. Trump has served a plate just absolutely chocked to the brim with absolutely chocked to the brim with absolutely chocked to the brim with tacos over the weekend as he called off tacos over the weekend as he called off tacos over the weekend as he called off what was supposedly going to be the what was supposedly going to be the what was supposedly going to be the biggest attack since World War II. We've biggest attack since World War II. We've biggest attack since World War II. We've got a clip of him saying that. Let's got a clip of him saying that. Let's got a clip of him saying that. Let's take a listen. >> I don't want to say that, Steve. I can't >> I don't want to say that, Steve. I can't say that. But it was going to be a say that. But it was going to be a say that. But it was going to be a massive attack. It was going to be massive attack. It was going to be massive attack. It was going to be attack that would have been by far the attack that would have been by far the attack that would have been by far the biggest attack since World War II. But biggest attack since World War II. But biggest attack since World War II. But they've asked us to do it. They said, they've asked us to do it. They said, they've asked us to do it. They said, "Please don't do it." And other their "Please don't do it." And other their "Please don't do it." And other their neighbors said that too. And so we're neighbors said that too. And so we're neighbors said that too. And so we're just going to see whether or not we can just going to see whether or not we can just going to see whether or not we can make a deal with the denuclearization make a deal with the denuclearization make a deal with the denuclearization tomorrow. >> Yeah. Well, they start tomorrow. >> Yeah. Well, they start tomorrow. >> All right. So, he's claiming that the >> All right. So, he's claiming that the >> All right. So, he's claiming that the negotiations are going to start negotiations are going to start negotiations are going to start tomorrow. I think Iran feels a little tomorrow. I think Iran feels a little tomorrow. I think Iran feels a little bit differently, but we'll get to that. bit differently, but we'll get to that. bit differently, but we'll get to that. Now, while there are no guarantees in Now, while there are no guarantees in Now, while there are no guarantees in war, it is almost certainly true that if war, it is almost certainly true that if war, it is almost certainly true that if the US hit Iranian energy the US hit Iranian energy the US hit Iranian energy infrastructure, which would undoubtedly infrastructure, which would undoubtedly infrastructure, which would undoubtedly be included in this massive attack, Iran be included in this massive attack, Iran be included in this massive attack, Iran would have hit the energy infrastructure would have hit the energy infrastructure would have hit the energy infrastructure of the US allies. Now, how do we know of the US allies. Now, how do we know of the US allies. Now, how do we know that? Because Iran's answer to the US that? Because Iran's answer to the US that? Because Iran's answer to the US burning Iranian oil was for them to go burning Iranian oil was for them to go burning Iranian oil was for them to go burn the oil of the other GCC nations. burn the oil of the other GCC nations. burn the oil of the other GCC nations. And honestly, they've just said as much. And honestly, they've just said as much. And honestly, they've just said as much. They've said that's precisely what they They've said that's precisely what they They've said that's precisely what they would do. And while Trump wants everyone would do. And while Trump wants everyone would do. And while Trump wants everyone to believe that he can just go around to believe that he can just go around to believe that he can just go around and bully everybody, the reality is the and bully everybody, the reality is the and bully everybody, the reality is the enemy always gets a say in the war. And enemy always gets a say in the war. And enemy always gets a say in the war. And so people around him were um trying to so people around him were um trying to so people around him were um trying to make it abundantly clear what would make it abundantly clear what would make it abundantly clear what would happen. The AP reports in fact that the happen. The AP reports in fact that the happen. The AP reports in fact that the crown prince of Saudi Arabia, Muhammad crown prince of Saudi Arabia, Muhammad crown prince of Saudi Arabia, Muhammad bin Salman, NBS, told Trump exactly that bin Salman, NBS, told Trump exactly that bin Salman, NBS, told Trump exactly that that's what was going to happen. that that's what was going to happen. that that's what was going to happen. that strikes on Iran's oil sector would bring strikes on Iran's oil sector would bring strikes on Iran's oil sector would bring retaliation against Saudi and Gulf oil retaliation against Saudi and Gulf oil retaliation against Saudi and Gulf oil and gas facilities. Also, Tyrron again and gas facilities. Also, Tyrron again and gas facilities. Also, Tyrron again just beats that drum over and over. If just beats that drum over and over. If just beats that drum over and over. If you guys do this, then we're going to do you guys do this, then we're going to do you guys do this, then we're going to do it back to you. So, you don't need to do it back to you. So, you don't need to do it back to you. So, you don't need to do a lot of guesswork here to figure out a lot of guesswork here to figure out a lot of guesswork here to figure out what's going to happen. Riad also told what's going to happen. Riad also told what's going to happen. Riad also told Washington that there is a stark reality Washington that there is a stark reality Washington that there is a stark reality that everybody is going to have to face. that everybody is going to have to face. that everybody is going to have to face. While Saudi Arabia, the UAE, and Qatar While Saudi Arabia, the UAE, and Qatar While Saudi Arabia, the UAE, and Qatar can probably absorb whatever Iran throws can probably absorb whatever Iran throws can probably absorb whatever Iran throws at them, Kuwait cannot. it is exposed to at them, Kuwait cannot. it is exposed to at them, Kuwait cannot. it is exposed to Iranianbacked militias in Iraq. Now, one Iranianbacked militias in Iraq. Now, one Iranianbacked militias in Iraq. Now, one of the things that is absolutely of the things that is absolutely of the things that is absolutely fascinating about all of this is from an fascinating about all of this is from an fascinating about all of this is from an American perspective, not a lot of us American perspective, not a lot of us American perspective, not a lot of us have uh the appropriate mental model of have uh the appropriate mental model of have uh the appropriate mental model of what's going on in the area. And so what's going on in the area. And so what's going on in the area. And so being able to see all the being able to see all the being able to see all the interconnectedness of this, being able interconnectedness of this, being able interconnectedness of this, being able to see um how connected Iran and Russia to see um how connected Iran and Russia to see um how connected Iran and Russia are geographically, how close they are are geographically, how close they are are geographically, how close they are to each other, [snorts] how those two to each other, [snorts] how those two to each other, [snorts] how those two things are starting to connect, how all things are starting to connect, how all things are starting to connect, how all the destabilization in Iraq now becomes the destabilization in Iraq now becomes the destabilization in Iraq now becomes a battle for who's going to control a battle for who's going to control a battle for who's going to control that. Is the US going to be able to have that. Is the US going to be able to have that. Is the US going to be able to have more influence there? Is Iran going to more influence there? Is Iran going to more influence there? Is Iran going to be able to have more influence there? be able to have more influence there? be able to have more influence there? And so that's going to be another part And so that's going to be another part And so that's going to be another part of this battleground. And so none of of this battleground. And so none of of this battleground. And so none of this is going to remain limited to this is going to remain limited to this is going to remain limited to what's happening just between the US and what's happening just between the US and what's happening just between the US and Iran. And this is the hard reality of Iran. And this is the hard reality of Iran. And this is the hard reality of war. And for all of our claims that war. And for all of our claims that war. And for all of our claims that we're just absolutely decimating um we're just absolutely decimating um we're just absolutely decimating um Iran's ability to strike back, that just Iran's ability to strike back, that just Iran's ability to strike back, that just doesn't appear to be true. And every doesn't appear to be true. And every doesn't appear to be true. And every time that we end up backing off, we time that we end up backing off, we time that we end up backing off, we create an opportunity for Iran to go in create an opportunity for Iran to go in create an opportunity for Iran to go in and rebuild. So Kuwait's military right and rebuild. So Kuwait's military right and rebuild. So Kuwait's military right now is saying that Iranian drones have now is saying that Iranian drones have now is saying that Iranian drones have already hit several vital facilities in already hit several vital facilities in already hit several vital facilities in the north, and if they escalate, this is the north, and if they escalate, this is the north, and if they escalate, this is really going to be a problem. I've really going to be a problem. I've really going to be a problem. I've actually been to Kuwait. It's pretty actually been to Kuwait. It's pretty actually been to Kuwait. It's pretty wild to have I've been now to Saudi. wild to have I've been now to Saudi. wild to have I've been now to Saudi. I've been to Kuwait. I've been to UAE. I've been to Kuwait. I've been to UAE. I've been to Kuwait. I've been to UAE. I've been around the region. And if you I've been around the region. And if you I've been around the region. And if you guys are thinking that these are just guys are thinking that these are just guys are thinking that these are just like desert outposts and you know it's a like desert outposts and you know it's a like desert outposts and you know it's a bunch of tribes, Bedawin tribes running bunch of tribes, Bedawin tribes running bunch of tribes, Bedawin tribes running around the desert. That is not what it's around the desert. That is not what it's around the desert. That is not what it's like. You're there. You're in shopping like. You're there. You're in shopping like. You're there. You're in shopping malls that look better than stuff that malls that look better than stuff that malls that look better than stuff that we have in the US. These are insanely we have in the US. These are insanely we have in the US. These are insanely rich countries that have been doing what rich countries that have been doing what rich countries that have been doing what they can to enter the modern era by they can to enter the modern era by they can to enter the modern era by transferring all the wealth that they've transferring all the wealth that they've transferring all the wealth that they've built up um through oil and try to built up um through oil and try to built up um through oil and try to modernize. Remember, much of the West modernize. Remember, much of the West modernize. Remember, much of the West has had a gun to their head for decades has had a gun to their head for decades has had a gun to their head for decades now saying we're going to move away from now saying we're going to move away from now saying we're going to move away from oil whether it is in our economic best oil whether it is in our economic best oil whether it is in our economic best interest or not. Germany, I'm looking at interest or not. Germany, I'm looking at interest or not. Germany, I'm looking at you. Uh we've been moving away. And so you. Uh we've been moving away. And so you. Uh we've been moving away. And so they got the memo and they've been they got the memo and they've been they got the memo and they've been modernizing as fast as they can. So modernizing as fast as they can. So modernizing as fast as they can. So these are highly developed countries these are highly developed countries these are highly developed countries where you would recognize um daily life where you would recognize um daily life where you would recognize um daily life like it really looks and feels like what like it really looks and feels like what like it really looks and feels like what it looks and feels here. So now imagine it looks and feels here. So now imagine it looks and feels here. So now imagine that people are blowing up the um oil that people are blowing up the um oil that people are blowing up the um oil and gas infrastructure in your country. and gas infrastructure in your country. and gas infrastructure in your country. And so you'll get a sense of what this And so you'll get a sense of what this And so you'll get a sense of what this will look like and why they're rallying will look like and why they're rallying will look like and why they're rallying Trump so hard to be judicious in his use Trump so hard to be judicious in his use Trump so hard to be judicious in his use of force. But that puts Trump in this of force. But that puts Trump in this of force. But that puts Trump in this impossible situation where he's got to impossible situation where he's got to impossible situation where he's got to somehow get them to back down because somehow get them to back down because somehow get them to back down because the US as the global hegeimon is at risk the US as the global hegeimon is at risk the US as the global hegeimon is at risk right now and the whole world is right now and the whole world is right now and the whole world is watching. And by the way, I hope it watching. And by the way, I hope it watching. And by the way, I hope it surprises absolutely no one that as of surprises absolutely no one that as of surprises absolutely no one that as of this very morning, Iran is just flat this very morning, Iran is just flat this very morning, Iran is just flat saying this is our foreign minister saying this is our foreign minister saying this is our foreign minister making it very clear there are no talks. making it very clear there are no talks. making it very clear there are no talks. Now he said there are no Iranian Now he said there are no Iranian Now he said there are no Iranian negotiators that are being spent. negotiators that are being spent. negotiators that are being spent. there's no delegations that are being there's no delegations that are being there's no delegations that are being scheduled and of course they are scheduled and of course they are scheduled and of course they are addressing a um audience in their own addressing a um audience in their own addressing a um audience in their own country so it's not necessarily country so it's not necessarily country so it's not necessarily representative of what's actually true representative of what's actually true representative of what's actually true but as Trump was saying that we're but as Trump was saying that we're but as Trump was saying that we're getting so close to a deal and we just getting so close to a deal and we just getting so close to a deal and we just need to give peace a chance Iran struck need to give peace a chance Iran struck need to give peace a chance Iran struck a ship trying to transit the straight so a ship trying to transit the straight so a ship trying to transit the straight so this is one where boy oh boy I'm this is one where boy oh boy I'm this is one where boy oh boy I'm actually glad that we have the velocity actually glad that we have the velocity actually glad that we have the velocity and volume of information that we have and volume of information that we have and volume of information that we have in this era. I think it's going to stop in this era. I think it's going to stop in this era. I think it's going to stop a lot of people from getting sucked into a lot of people from getting sucked into a lot of people from getting sucked into just never-ending propaganda. But there just never-ending propaganda. But there just never-ending propaganda. But there are so much information to assimilate are so much information to assimilate are so much information to assimilate and try and figure out what's going on. and try and figure out what's going on. and try and figure out what's going on. There are so many things moving. Even if There are so many things moving. Even if There are so many things moving. Even if you just narrow your focus to a small you just narrow your focus to a small you just narrow your focus to a small set of things, it's still so much set of things, it's still so much set of things, it's still so much information to try to build an accurate information to try to build an accurate information to try to build an accurate mental model that isn't so riddled with mental model that isn't so riddled with mental model that isn't so riddled with shortcuts that you're totally blind to shortcuts that you're totally blind to shortcuts that you're totally blind to what's actually going on. But if you what's actually going on. But if you what's actually going on. But if you really just think through first really just think through first really just think through first principles what this war is like from principles what this war is like from principles what this war is like from the Iranian perspective, then you're the Iranian perspective, then you're the Iranian perspective, then you're going to have a better sense of what is going to have a better sense of what is going to have a better sense of what is likely to happen here. So again, a likely to happen here. So again, a likely to happen here. So again, a modernized country that does not want to modernized country that does not want to modernized country that does not want to see their infrastructure being see their infrastructure being see their infrastructure being obliterated. They have military obliterated. They have military obliterated. They have military installations that have been designed to installations that have been designed to installations that have been designed to withstand this kind of attack. They have withstand this kind of attack. They have withstand this kind of attack. They have known for a very long time that the US known for a very long time that the US known for a very long time that the US and Israel are allies and that they are and Israel are allies and that they are and Israel are allies and that they are looking for some way to go in and bomb looking for some way to go in and bomb looking for some way to go in and bomb these guys back into the Stone Age. So, these guys back into the Stone Age. So, these guys back into the Stone Age. So, they're ready for that. They understand they're ready for that. They understand they're ready for that. They understand that the pressure points are the global that the pressure points are the global that the pressure points are the global energy supply so they can disrupt the energy supply so they can disrupt the energy supply so they can disrupt the strait. They know that they can also strait. They know that they can also strait. They know that they can also just hit the energy supply as it sits just hit the energy supply as it sits just hit the energy supply as it sits nakedly exposed in these countries. nakedly exposed in these countries. nakedly exposed in these countries. We've talked so much about their We've talked so much about their We've talked so much about their everybody wants to run a pipeline to get everybody wants to run a pipeline to get everybody wants to run a pipeline to get around the straight of Hormuz, but around the straight of Hormuz, but around the straight of Hormuz, but that's all going to go overground. It is that's all going to go overground. It is that's all going to go overground. It is going to be static. it is going to be going to be static. it is going to be going to be static. it is going to be easy to hit. And if Iran has the will easy to hit. And if Iran has the will easy to hit. And if Iran has the will and the ability to hit it, which of and the ability to hit it, which of and the ability to hit it, which of course they certainly have the will course they certainly have the will course they certainly have the will because this is an existential threat to because this is an existential threat to because this is an existential threat to the IRGC and they have the ability, no the IRGC and they have the ability, no the IRGC and they have the ability, no matter what Trump keeps saying, they matter what Trump keeps saying, they matter what Trump keeps saying, they display over and over and over that if display over and over and over that if display over and over and over that if nothing else, they can mimic the nothing else, they can mimic the nothing else, they can mimic the mosquito um fleets that they see mosquito um fleets that they see mosquito um fleets that they see operating so effectively in Ukraine. operating so effectively in Ukraine. operating so effectively in Ukraine. They can do exactly the same kind of They can do exactly the same kind of They can do exactly the same kind of thing. getting supplies from China, thing. getting supplies from China, thing. getting supplies from China, getting supplies from Russia that they getting supplies from Russia that they getting supplies from Russia that they can uh just keep doing this kind of can uh just keep doing this kind of can uh just keep doing this kind of stuff. So now we're in this position stuff. So now we're in this position stuff. So now we're in this position where you've got Iran trying to help where you've got Iran trying to help where you've got Iran trying to help Russia in the hopes that they have an Russia in the hopes that they have an Russia in the hopes that they have an ally there. They're obviously trying to ally there. They're obviously trying to ally there. They're obviously trying to build up their relationships with China build up their relationships with China build up their relationships with China so that China can, if nothing else, sort so that China can, if nothing else, sort so that China can, if nothing else, sort of secretly be handing them things back of secretly be handing them things back of secretly be handing them things back door so that they can keep fighting. And door so that they can keep fighting. And door so that they can keep fighting. And every time we pause, you've got you're every time we pause, you've got you're every time we pause, you've got you're giving Iran the ability to build back up giving Iran the ability to build back up giving Iran the ability to build back up their munitions. Now, Iran says that their munitions. Now, Iran says that their munitions. Now, Iran says that their only discussions right now, which their only discussions right now, which their only discussions right now, which are very much not with the US, are with are very much not with the US, are with are very much not with the US, are with Aman and they're about the shipping Aman and they're about the shipping Aman and they're about the shipping lanes and Iran wants to control them. lanes and Iran wants to control them. lanes and Iran wants to control them. Iran is not acting like somebody who's Iran is not acting like somebody who's Iran is not acting like somebody who's just on their back foot. They are acting just on their back foot. They are acting just on their back foot. They are acting like somebody who understands the point like somebody who understands the point like somebody who understands the point of leverage that they have and they're of leverage that they have and they're of leverage that they have and they're going to press it. They're going to going to press it. They're going to going to press it. They're going to press it as hard as they can. Now, I press it as hard as they can. Now, I press it as hard as they can. Now, I actually found a really good breakdown actually found a really good breakdown actually found a really good breakdown of the situation of them trying to work of the situation of them trying to work of the situation of them trying to work with Oman to clamp down on the strait with Oman to clamp down on the strait with Oman to clamp down on the strait and basically Oman has the opportunity and basically Oman has the opportunity and basically Oman has the opportunity to be a part of it or they can get to be a part of it or they can get to be a part of it or they can get isolated by Iran who will just keep isolated by Iran who will just keep isolated by Iran who will just keep bombing ships that try to hug the coast bombing ships that try to hug the coast bombing ships that try to hug the coast of Oman. So, um I think this is worth of Oman. So, um I think this is worth of Oman. So, um I think this is worth listening to. So, here is an Iranian listening to. So, here is an Iranian listening to. So, here is an Iranian analyst uh giving us a breakdown of the analyst uh giving us a breakdown of the analyst uh giving us a breakdown of the situation between Iran and um Oman and a situation between Iran and um Oman and a situation between Iran and um Oman and a little bit about Kuwait as well. little bit about Kuwait as well. little bit about Kuwait as well. >> Have no doubt if the United States >> Have no doubt if the United States >> Have no doubt if the United States escalates, escalates, escalates, the nature of the war will change, Iran the nature of the war will change, Iran the nature of the war will change, Iran will no longer be targeting US assets or will no longer be targeting US assets or will no longer be targeting US assets or maybe a couple of Kuwaiti assets uh in maybe a couple of Kuwaiti assets uh in maybe a couple of Kuwaiti assets uh in the north. They'll be going for the the north. They'll be going for the the north. They'll be going for the uh electrical power plants. They'll be uh electrical power plants. They'll be uh electrical power plants. They'll be going for the uh going for the uh going for the uh refineries refineries refineries and the the the oil installations and and the the the oil installations and and the the the oil installations and they'll destroy it all and they'll they'll destroy it all and they'll they'll destroy it all and they'll destroy the the ports and uh within a destroy the the ports and uh within a destroy the the ports and uh within a and then of course there'll be the Iraqi and then of course there'll be the Iraqi and then of course there'll be the Iraqi resistance. resistance. resistance. That will be that'll be an end to That will be that'll be an end to That will be that'll be an end to Kuwait. So right now the this is you Kuwait. So right now the this is you Kuwait. So right now the this is you know the Iranians are striking targets know the Iranians are striking targets know the Iranians are striking targets to prevent the Americans from being able to prevent the Americans from being able to prevent the Americans from being able to uh to wage war against Iran or to to uh to wage war against Iran or to to uh to wage war against Iran or to weaken the United States in its war weaken the United States in its war weaken the United States in its war against Iran. But if the United States against Iran. But if the United States against Iran. But if the United States chooses to target critical chooses to target critical chooses to target critical infrastructure infrastructure infrastructure then everything changes. There won't be then everything changes. There won't be then everything changes. There won't be a Kuwait after Iran after a few days or a Kuwait after Iran after a few days or a Kuwait after Iran after a few days or yeah I guess after a few days at most. yeah I guess after a few days at most. yeah I guess after a few days at most. Well, Oman is a has has Well, Oman is a has has Well, Oman is a has has um earned the anger of Iran because they um earned the anger of Iran because they um earned the anger of Iran because they helped bring about this helped bring about this helped bring about this uh the the the this new phase in the uh the the the this new phase in the uh the the the this new phase in the war. They allowed the Americans to war. They allowed the Americans to war. They allowed the Americans to create this um corridor which was in create this um corridor which was in create this um corridor which was in violation of the article of article 5. violation of the article of article 5. violation of the article of article 5. And of course they were under duress. And of course they were under duress. And of course they were under duress. American Trump American Trump American Trump threatened to destroy Oman. Uh he he threatened to destroy Oman. Uh he he threatened to destroy Oman. Uh he he said it in public. Uh but uh but in any said it in public. Uh but uh but in any said it in public. Uh but uh but in any case, they allowed the Americans to use case, they allowed the Americans to use case, they allowed the Americans to use their territory against Iran and install their territory against Iran and install their territory against Iran and install radar installations and jamming radar installations and jamming radar installations and jamming installations and they allowed the installations and they allowed the installations and they allowed the Americans to use their port US military. Americans to use their port US military. Americans to use their port US military. So So So uh you know if Iran retaliates Oman I I uh you know if Iran retaliates Oman I I uh you know if Iran retaliates Oman I I don't know but Oman could be on the list don't know but Oman could be on the list don't know but Oman could be on the list just as the other countries but um but just as the other countries but um but just as the other countries but um but Oman Oman Oman it the Iranians have told Oman that look it the Iranians have told Oman that look it the Iranians have told Oman that look we're not going to accept two corridors we're not going to accept two corridors we're not going to accept two corridors and we're not going to accept and we're not going to accept and we're not going to accept uh two different uh um authorities over uh two different uh um authorities over uh two different uh um authorities over the strait. There will be one authority the strait. There will be one authority the strait. There will be one authority and they will work together and any and they will work together and any and they will work together and any corridor that exists whether it's one or corridor that exists whether it's one or corridor that exists whether it's one or two or whatever. two or whatever. two or whatever. The Iranians will have to have a The Iranians will have to have a The Iranians will have to have a presence and they will have to have presence and they will have to have presence and they will have to have control. And so either Oman works with control. And so either Oman works with control. And so either Oman works with Iran together and they do this together Iran together and they do this together Iran together and they do this together in a way which is acceptable to Iran in a way which is acceptable to Iran in a way which is acceptable to Iran where certain ships will not be allowed where certain ships will not be allowed where certain ships will not be allowed in like Israeli linked ships or uh US in like Israeli linked ships or uh US in like Israeli linked ships or uh US naval ships naval ships naval ships and the fee will be taken from all ships and the fee will be taken from all ships and the fee will be taken from all ships and they'll do this together or Oman and they'll do this together or Oman and they'll do this together or Oman is incapable of participating under is incapable of participating under is incapable of participating under duress and Iran will do it alone. All duress and Iran will do it alone. All duress and Iran will do it alone. All right. So what what our man may lack in right. So what what our man may lack in right. So what what our man may lack in eloquence uh he makes up in the eloquence uh he makes up in the eloquence uh he makes up in the analysis. I think that is exactly analysis. I think that is exactly analysis. I think that is exactly correct. Uh Iran has said as much that correct. Uh Iran has said as much that correct. Uh Iran has said as much that hey amman wake up like we this the hey amman wake up like we this the hey amman wake up like we this the strait is going to be controlled. Um you strait is going to be controlled. Um you strait is going to be controlled. Um you can be in on it or you can be left out. can be in on it or you can be left out. can be in on it or you can be left out. But Iran has been very clear about what But Iran has been very clear about what But Iran has been very clear about what their strategy is for the straight of their strategy is for the straight of their strategy is for the straight of hormuse. They're going to control it. hormuse. They're going to control it. hormuse. They're going to control it. They are going to charge a toll. There They are going to charge a toll. There They are going to charge a toll. There are going to be people that they don't are going to be people that they don't are going to be people that they don't allow such as uh Israeli flag ships. allow such as uh Israeli flag ships. allow such as uh Israeli flag ships. Obviously, at this point, they've got Obviously, at this point, they've got Obviously, at this point, they've got massive beef with the US and so they're massive beef with the US and so they're massive beef with the US and so they're going to be trying to keep those ships going to be trying to keep those ships going to be trying to keep those ships from transiting the straight. So, from transiting the straight. So, from transiting the straight. So, understanding that battle right there understanding that battle right there understanding that battle right there that Iran has very clear messaging. that Iran has very clear messaging. that Iran has very clear messaging. They've not backed off from that. Every They've not backed off from that. Every They've not backed off from that. Every time we pause, it gives them a chance to time we pause, it gives them a chance to time we pause, it gives them a chance to rebuild. This is not something that's rebuild. This is not something that's rebuild. This is not something that's going to go away very easily. And going to go away very easily. And going to go away very easily. And there's also a second reason for all of there's also a second reason for all of there's also a second reason for all of the delays. The Wall Street Journal has the delays. The Wall Street Journal has the delays. The Wall Street Journal has reported last week that a planned reported last week that a planned reported last week that a planned two-week strike campaign was shelved two-week strike campaign was shelved two-week strike campaign was shelved while officials counted interceptors. while officials counted interceptors. while officials counted interceptors. Now, this is rumor. Trump obviously Now, this is rumor. Trump obviously Now, this is rumor. Trump obviously denies this, but the CSIS estimates more denies this, but the CSIS estimates more denies this, but the CSIS estimates more than 1,500 patriots have been expended than 1,500 patriots have been expended than 1,500 patriots have been expended since February and that we have since February and that we have since February and that we have somewhere less than a thousand left. somewhere less than a thousand left. somewhere less than a thousand left. Now, obviously, again, the Pentagon is Now, obviously, again, the Pentagon is Now, obviously, again, the Pentagon is denying this. However, given our ability denying this. However, given our ability denying this. However, given our ability to produce them, how long it takes to to produce them, how long it takes to to produce them, how long it takes to produce them, and how many we've used, produce them, and how many we've used, produce them, and how many we've used, it seems like a shortage is almost it seems like a shortage is almost it seems like a shortage is almost certainly true. During the 6 week certainly true. During the 6 week certainly true. During the 6 week ceasefire in April, US intelligence told ceasefire in April, US intelligence told ceasefire in April, US intelligence told CNN that Iran restated or sorry, re uh CNN that Iran restated or sorry, re uh CNN that Iran restated or sorry, re uh started their drone production and dug started their drone production and dug started their drone production and dug out buried missile launchers. There is out buried missile launchers. There is out buried missile launchers. There is an estimate, not verified, but there's an estimate, not verified, but there's an estimate, not verified, but there's an estimate of surviving launchers uh an estimate of surviving launchers uh an estimate of surviving launchers uh out there in terms of how many Iran has. out there in terms of how many Iran has. out there in terms of how many Iran has. We were calling it sort of roughly half, We were calling it sort of roughly half, We were calling it sort of roughly half, not Trump obviously. He would ask you to not Trump obviously. He would ask you to not Trump obviously. He would ask you to believe they've all been destroyed, but believe they've all been destroyed, but believe they've all been destroyed, but the estimates were ranging somewhere in the estimates were ranging somewhere in the estimates were ranging somewhere in the neighborhood of a half. Now they're the neighborhood of a half. Now they're the neighborhood of a half. Now they're ranging somewhere around twothirds after ranging somewhere around twothirds after ranging somewhere around twothirds after they've gone in, dug them out, repaired they've gone in, dug them out, repaired they've gone in, dug them out, repaired what they can. The Financial Times what they can. The Financial Times what they can. The Financial Times reported in July that Iranian engineers reported in July that Iranian engineers reported in July that Iranian engineers have restored underground missile bases have restored underground missile bases have restored underground missile bases as well, and improved accuracy against as well, and improved accuracy against as well, and improved accuracy against American air defenses. Now, we'll see American air defenses. Now, we'll see American air defenses. Now, we'll see what ends up actually being true there, what ends up actually being true there, what ends up actually being true there, but you you've got to uh believe that but you you've got to uh believe that but you you've got to uh believe that every time we do one of these pauses every time we do one of these pauses every time we do one of these pauses that Iran is going to use this to get that Iran is going to use this to get that Iran is going to use this to get back in an offensive position. And I was back in an offensive position. And I was back in an offensive position. And I was talking about this before. This is talking about this before. This is talking about this before. This is exactly like the reason that you don't exactly like the reason that you don't exactly like the reason that you don't stop a treatment of antibiotics. Once stop a treatment of antibiotics. Once stop a treatment of antibiotics. Once you start, you start killing off you start, you start killing off you start, you start killing off whatever bugs are in the system. The whatever bugs are in the system. The whatever bugs are in the system. The ones that are most resilient against the ones that are most resilient against the ones that are most resilient against the antibiotics last. And if you stop the antibiotics last. And if you stop the antibiotics last. And if you stop the antibiotics early and you don't kill antibiotics early and you don't kill antibiotics early and you don't kill them all, then those are the ones that them all, then those are the ones that them all, then those are the ones that begin replicating. And so now you have begin replicating. And so now you have begin replicating. And so now you have the most resistant replicating. If you the most resistant replicating. If you the most resistant replicating. If you do it again and stop short again, then do it again and stop short again, then do it again and stop short again, then again you've solidified down to the most again you've solidified down to the most again you've solidified down to the most most resilient. Those start replicating. most resilient. Those start replicating. most resilient. Those start replicating. And over time you get true resistance. And over time you get true resistance. And over time you get true resistance. And that's exactly what's happening in And that's exactly what's happening in And that's exactly what's happening in Iran. Every negotiator ever has talked Iran. Every negotiator ever has talked Iran. Every negotiator ever has talked about the fact that Iran is always just about the fact that Iran is always just about the fact that Iran is always just going to tell you what you need to hear going to tell you what you need to hear going to tell you what you need to hear to come back to the negotiating table to to come back to the negotiating table to to come back to the negotiating table to buy themselves time to styy things to buy themselves time to styy things to buy themselves time to styy things to call out to the world and say, "Look, call out to the world and say, "Look, call out to the world and say, "Look, we're trying to be reasonable, but you we're trying to be reasonable, but you we're trying to be reasonable, but you guys aren't giving us a chance. Come on, guys aren't giving us a chance. Come on, guys aren't giving us a chance. Come on, let's give peace a chance. We want to let's give peace a chance. We want to let's give peace a chance. We want to sit down. We're, you know, we're willing sit down. We're, you know, we're willing sit down. We're, you know, we're willing to be here at the table and then they to be here at the table and then they to be here at the table and then they just stall and stall and stall for time just stall and stall and stall for time just stall and stall and stall for time and nothing ever gets across the finish and nothing ever gets across the finish and nothing ever gets across the finish line." And we have to look at the math. line." And we have to look at the math. line." And we have to look at the math. 5 months in, we've done hundreds of US 5 months in, we've done hundreds of US 5 months in, we've done hundreds of US strikes against Iran and Iran is still strikes against Iran and Iran is still strikes against Iran and Iran is still managing to hit targets in Jordan, managing to hit targets in Jordan, managing to hit targets in Jordan, Kuwait, Bahrain, Saudi Arabia, Qatar, Kuwait, Bahrain, Saudi Arabia, Qatar, Kuwait, Bahrain, Saudi Arabia, Qatar, ships actually trying to transit uh the ships actually trying to transit uh the ships actually trying to transit uh the strait. So, every time we pause, we strait. So, every time we pause, we strait. So, every time we pause, we reset the clock in Thyron's favor. It reset the clock in Thyron's favor. It reset the clock in Thyron's favor. It it's just the hard reality of the it's just the hard reality of the it's just the hard reality of the situation. And so, when I look at this, situation. And so, when I look at this, situation. And so, when I look at this, it's like I'm not even sure what Trump it's like I'm not even sure what Trump it's like I'm not even sure what Trump thinks is going to be his plan forward. thinks is going to be his plan forward. thinks is going to be his plan forward. Now, you've got reports coming out that Now, you've got reports coming out that Now, you've got reports coming out that the Pentagon has actually reached out to the Pentagon has actually reached out to the Pentagon has actually reached out to the military directly and said, "Hey, the military directly and said, "Hey, the military directly and said, "Hey, does anybody have any ideas?" Now, the does anybody have any ideas?" Now, the does anybody have any ideas?" Now, the great irony is that's actually a good great irony is that's actually a good great irony is that's actually a good strategy. You might have somebody who's strategy. You might have somebody who's strategy. You might have somebody who's smart inside of the military that's not smart inside of the military that's not smart inside of the military that's not yet been heard and they actually do have yet been heard and they actually do have yet been heard and they actually do have an idea, and that idea would be an idea, and that idea would be an idea, and that idea would be brilliant, and the last thing I want is brilliant, and the last thing I want is brilliant, and the last thing I want is leaders that are unwilling to listen to leaders that are unwilling to listen to leaders that are unwilling to listen to the people uh that are around them. But the people uh that are around them. But the people uh that are around them. But the bad news is these are terrible the bad news is these are terrible the bad news is these are terrible optics and it really does highlight the optics and it really does highlight the optics and it really does highlight the fact that the Pentagon is out of ideas fact that the Pentagon is out of ideas fact that the Pentagon is out of ideas because the reality is and I know I've because the reality is and I know I've because the reality is and I know I've said this many many times you should said this many many times you should said this many many times you should probably just avoid war whenever humanly probably just avoid war whenever humanly probably just avoid war whenever humanly possible and if you can't avoid war possible and if you can't avoid war possible and if you can't avoid war however you've got to go all the way. however you've got to go all the way. however you've got to go all the way. Now we in the west certainly do not have Now we in the west certainly do not have Now we in the west certainly do not have a stomach for total war uh which is a stomach for total war uh which is a stomach for total war uh which is great from a human life perspective but great from a human life perspective but great from a human life perspective but it is absolutely terrible for uh it is absolutely terrible for uh it is absolutely terrible for uh victory. you're not going to be able to victory. you're not going to be able to victory. you're not going to be able to have victory. All you're going to get is have victory. All you're going to get is have victory. All you're going to get is quagmire. All you're going to get is the quagmire. All you're going to get is the quagmire. All you're going to get is the eternal war that never ends and you get eternal war that never ends and you get eternal war that never ends and you get the antibiotics problem that we've been the antibiotics problem that we've been the antibiotics problem that we've been talking about. And that's where we are. talking about. And that's where we are. talking about. And that's where we are. And so it just feels like this insane And so it just feels like this insane And so it just feels like this insane Groundhog's Day where Trump will go on Groundhog's Day where Trump will go on Groundhog's Day where Trump will go on and say we're about to hit them harder and say we're about to hit them harder and say we're about to hit them harder than ever. The other um countries in the than ever. The other um countries in the than ever. The other um countries in the region point out the obvious fact that region point out the obvious fact that region point out the obvious fact that this is going to be so devastating. this is going to be so devastating. this is going to be so devastating. there will be so much loss that at some there will be so much loss that at some there will be so much loss that at some point even if you win even if eventually point even if you win even if eventually point even if you win even if eventually you break the back of Thrron have you you break the back of Thrron have you you break the back of Thrron have you actually won anything if we've set the actually won anything if we've set the actually won anything if we've set the energy industry back 10 years 20 years energy industry back 10 years 20 years energy industry back 10 years 20 years and so now you're in a position where and so now you're in a position where and so now you're in a position where you have a global recession possibly you have a global recession possibly you have a global recession possibly only saved by the fact that we're only saved by the fact that we're only saved by the fact that we're already in a recession and so we don't already in a recession and so we don't already in a recession and so we don't need as much oil coming out of the need as much oil coming out of the need as much oil coming out of the Middle East. Boy is that cold comfort. Middle East. Boy is that cold comfort. Middle East. Boy is that cold comfort. And so the question becomes, what do you And so the question becomes, what do you And so the question becomes, what do you do? If backing off creates a problem and do? If backing off creates a problem and do? If backing off creates a problem and pushing forward creates a problem, you pushing forward creates a problem, you pushing forward creates a problem, you really are now stuck. And that is really are now stuck. And that is really are now stuck. And that is unfortunately the place we find unfortunately the place we find unfortunately the place we find ourselves. So the one card that Trump ourselves. So the one card that Trump ourselves. So the one card that Trump has in his back pocket, it'll be has in his back pocket, it'll be has in his back pocket, it'll be interesting to see if he plays it, is to interesting to see if he plays it, is to interesting to see if he plays it, is to basically pause everything the midterms, basically pause everything the midterms, basically pause everything the midterms, let the natural deflation of the fact let the natural deflation of the fact let the natural deflation of the fact that we're already in a global recession that we're already in a global recession that we're already in a global recession show that oil prices are just going to show that oil prices are just going to show that oil prices are just going to come down. everything's going to start come down. everything's going to start come down. everything's going to start getting cheaper and we sort of mask getting cheaper and we sort of mask getting cheaper and we sort of mask crisisled deflation for the good crisisled deflation for the good crisisled deflation for the good deflation. Remember, there is good deflation. Remember, there is good deflation. Remember, there is good deflation, but there's also crisisled deflation, but there's also crisisled deflation, but there's also crisisled deflation, which is what we would be deflation, which is what we would be deflation, which is what we would be getting if we just hit a pause button. getting if we just hit a pause button. getting if we just hit a pause button. Now, if Trump goes through the midterms Now, if Trump goes through the midterms Now, if Trump goes through the midterms like that and can actually retain like that and can actually retain like that and can actually retain control of the House and the Senate off control of the House and the Senate off control of the House and the Senate off the back of people being confused about the back of people being confused about the back of people being confused about why we're getting the deflation that why we're getting the deflation that why we're getting the deflation that we're getting and people just like, we're getting and people just like, we're getting and people just like, "Hey, prices are coming down." And if he "Hey, prices are coming down." And if he "Hey, prices are coming down." And if he can stave off there being massive job can stave off there being massive job can stave off there being massive job loss in the interim, so you get that loss in the interim, so you get that loss in the interim, so you get that leading edge of the crisisled deflation leading edge of the crisisled deflation leading edge of the crisisled deflation looking like it's something good. You looking like it's something good. You looking like it's something good. You hold off through the midterms. You claim hold off through the midterms. You claim hold off through the midterms. You claim that this was a victory, that this was that this was a victory, that this was that this was a victory, that this was all about good policy. Now he retains all about good policy. Now he retains all about good policy. Now he retains the Senate and the House and he can go the Senate and the House and he can go the Senate and the House and he can go back to basically something much closer back to basically something much closer back to basically something much closer to total warfare on the other side of to total warfare on the other side of to total warfare on the other side of this where he no longer has anything this where he no longer has anything this where he no longer has anything threatening him because he's going to be threatening him because he's going to be threatening him because he's going to be out of office in two years anyway. That out of office in two years anyway. That out of office in two years anyway. That is, I think, right now the most likely is, I think, right now the most likely is, I think, right now the most likely outcome. He's already shown a outcome. He's already shown a outcome. He's already shown a willingness to hit the pause button even willingness to hit the pause button even willingness to hit the pause button even when it's completely nonsensical. So, I when it's completely nonsensical. So, I when it's completely nonsensical. So, I think that him hitting the pause button think that him hitting the pause button think that him hitting the pause button when it actually at least serves him in when it actually at least serves him in when it actually at least serves him in the short term, odds are very likely the short term, odds are very likely the short term, odds are very likely that that is the path or at least I'm that that is the path or at least I'm that that is the path or at least I'm going to plant the flag now and say with going to plant the flag now and say with going to plant the flag now and say with my current understanding of everything my current understanding of everything my current understanding of everything that's going on, that feels like the that's going on, that feels like the that's going on, that feels like the most likely outcome. Obviously, I will most likely outcome. Obviously, I will most likely outcome. Obviously, I will update my thinking as new information update my thinking as new information update my thinking as new information comes out, but that feels like what I comes out, but that feels like what I comes out, but that feels like what I know of Trump's mentality and the way know of Trump's mentality and the way know of Trump's mentality and the way that he is um easily persuaded by both. that he is um easily persuaded by both. that he is um easily persuaded by both. I think he has a legitimate desire to I think he has a legitimate desire to I think he has a legitimate desire to not blow people up, but more not blow people up, but more not blow people up, but more importantly, I think he has a desire to importantly, I think he has a desire to importantly, I think he has a desire to maintain the financial interest in the maintain the financial interest in the maintain the financial interest in the Middle East to make sure that they're Middle East to make sure that they're Middle East to make sure that they're investing in our stock market, which of investing in our stock market, which of investing in our stock market, which of course if you're uh Saudi Arabia, that's course if you're uh Saudi Arabia, that's course if you're uh Saudi Arabia, that's going to be and the UAE, quite frankly, going to be and the UAE, quite frankly, going to be and the UAE, quite frankly, that's going to be your point of that's going to be your point of that's going to be your point of leverage, which ironically those two are leverage, which ironically those two are leverage, which ironically those two are actually pulling in different actually pulling in different actually pulling in different directions. Don't be confused about directions. Don't be confused about directions. Don't be confused about that. The UAE is mad for one reason, that. The UAE is mad for one reason, that. The UAE is mad for one reason, Saudi Arabia is mad for another. The UAE Saudi Arabia is mad for another. The UAE Saudi Arabia is mad for another. The UAE actually wants Tyrron to absolutely be actually wants Tyrron to absolutely be actually wants Tyrron to absolutely be hammered into oblivion. It's not fractal hammered into oblivion. It's not fractal hammered into oblivion. It's not fractal into that right now. But you've got all into that right now. But you've got all into that right now. But you've got all of these promised investments. We've of these promised investments. We've of these promised investments. We've talked about the $2 trillion. This is a talked about the $2 trillion. This is a talked about the $2 trillion. This is a big reason I think Trump went into this big reason I think Trump went into this big reason I think Trump went into this war in the first place. And now war in the first place. And now war in the first place. And now everybody is basically saying, "Hey, everybody is basically saying, "Hey, everybody is basically saying, "Hey, bro. Uh we're not going to be able to bro. Uh we're not going to be able to bro. Uh we're not going to be able to give you that money unless things come give you that money unless things come give you that money unless things come out the way that we want." So Trump is out the way that we want." So Trump is out the way that we want." So Trump is caught in this very difficult position caught in this very difficult position caught in this very difficult position all at a time where this [ __ ] is all at a time where this [ __ ] is all at a time where this [ __ ] is going to charge going to charge going to charge money for an API money for an API money for an API >> to get access. I know Drew, but you >> to get access. I know Drew, but you >> to get access. I know Drew, but you can't you can't complete this picture can't you can't complete this picture can't you can't complete this picture without bringing this up. So, this is without bringing this up. So, this is without bringing this up. So, this is where understanding, okay, humans think where understanding, okay, humans think where understanding, okay, humans think in shortcuts. We have to. It's the only in shortcuts. We have to. It's the only in shortcuts. We have to. It's the only way to make sense of an overly way to make sense of an overly way to make sense of an overly complicated world. But if you don't put complicated world. But if you don't put complicated world. But if you don't put all the things on the table, um even if all the things on the table, um even if all the things on the table, um even if in shortcut format, you can't leave some in shortcut format, you can't leave some in shortcut format, you can't leave some of the shortcuts out. And a big part of of the shortcuts out. And a big part of of the shortcuts out. And a big part of this is Trump understands, and I'll this is Trump understands, and I'll this is Trump understands, and I'll actually give him credit for this. Trump actually give him credit for this. Trump actually give him credit for this. Trump understands that the US economy is in understands that the US economy is in understands that the US economy is in real trouble if he's not able to make real trouble if he's not able to make real trouble if he's not able to make sure that AI actually becomes the thing sure that AI actually becomes the thing sure that AI actually becomes the thing that it's supposed to become. He put that it's supposed to become. He put that it's supposed to become. He put Worsh in place because Worsh believes Worsh in place because Worsh believes Worsh in place because Worsh believes that AI is going to cause deflation, but that AI is going to cause deflation, but that AI is going to cause deflation, but innovation led deflation, the good kind innovation led deflation, the good kind innovation led deflation, the good kind of deflation. um and that he's counting of deflation. um and that he's counting of deflation. um and that he's counting on these massive investments from the on these massive investments from the on these massive investments from the Middle East to make sure that we have Middle East to make sure that we have Middle East to make sure that we have the dollars that we need to actually the dollars that we need to actually the dollars that we need to actually build out the AI infrastructure because build out the AI infrastructure because build out the AI infrastructure because the revenue is coming in more slowly the revenue is coming in more slowly the revenue is coming in more slowly than expected and now it's coming in than expected and now it's coming in than expected and now it's coming in even more slowly because of even more slowly because of even more slowly because of it's potentially going to come in more it's potentially going to come in more it's potentially going to come in more slowly because of the promise of things slowly because of the promise of things slowly because of the promise of things like Kimmy K3 which is open source which like Kimmy K3 which is open source which like Kimmy K3 which is open source which will drive revenue into a much more dire will drive revenue into a much more dire will drive revenue into a much more dire situation for the big boys that we've situation for the big boys that we've situation for the big boys that we've and funding uh with public debt which is and funding uh with public debt which is and funding uh with public debt which is open AI ananthropic. So all of this open AI ananthropic. So all of this open AI ananthropic. So all of this stuff gets very complex given how much stuff gets very complex given how much stuff gets very complex given how much the US go forward strategy of growing the US go forward strategy of growing the US go forward strategy of growing out from under our debt is predicated on out from under our debt is predicated on out from under our debt is predicated on the AI bubble continuing to inflate. the AI bubble continuing to inflate. the AI bubble continuing to inflate. Wild Wild Wild times man um I have to shout out Darius times man um I have to shout out Darius times man um I have to shout out Darius in the chat because he kind of said it in the chat because he kind of said it in the chat because he kind of said it better. It's surprising that we went to better. It's surprising that we went to better. It's surprising that we went to war on the offensive with Iran and it war on the offensive with Iran and it war on the offensive with Iran and it seems like we weren't even prepared for seems like we weren't even prepared for seems like we weren't even prepared for it. Like we went into a shooting match it. Like we went into a shooting match it. Like we went into a shooting match with like half a clip. Like why wouldn't with like half a clip. Like why wouldn't with like half a clip. Like why wouldn't we stock our munitions? Why wouldn't we we stock our munitions? Why wouldn't we we stock our munitions? Why wouldn't we get things in order and then start get things in order and then start get things in order and then start talking like junk to Iran? talking like junk to Iran? talking like junk to Iran? >> Well, here's the bad news. There's >> Well, here's the bad news. There's >> Well, here's the bad news. There's actually an answer to that. And the actually an answer to that. And the actually an answer to that. And the answer is that we have for the last 30 answer is that we have for the last 30 answer is that we have for the last 30 or 40 years, maybe more. You could or 40 years, maybe more. You could or 40 years, maybe more. You could probably stretch that clock back to the probably stretch that clock back to the probably stretch that clock back to the 60s and 70s. But for at least the last 60s and 70s. But for at least the last 60s and 70s. But for at least the last 30 to 40 years, we have been using 30 to 40 years, we have been using 30 to 40 years, we have been using globalization as a way to get everything globalization as a way to get everything globalization as a way to get everything for cheap. for cheap. for cheap. >> Financializing our economy so that you >> Financializing our economy so that you >> Financializing our economy so that you get and this is a big part of the get and this is a big part of the get and this is a big part of the K-shaped economy is we've created a K-shaped economy is we've created a K-shaped economy is we've created a method for people who understand assets method for people who understand assets method for people who understand assets to win tremendously. Giving us the to win tremendously. Giving us the to win tremendously. Giving us the ability to give everybody a bunch of ability to give everybody a bunch of ability to give everybody a bunch of free stuff to become dependent on the free stuff to become dependent on the free stuff to become dependent on the government. And so you have this government. And so you have this government. And so you have this right-left alliance, which I don't even right-left alliance, which I don't even right-left alliance, which I don't even know how much they understand it, but know how much they understand it, but know how much they understand it, but you have a right-left alliance where the you have a right-left alliance where the you have a right-left alliance where the left wants to get everything for free. left wants to get everything for free. left wants to get everything for free. And you can do that by financializing And you can do that by financializing And you can do that by financializing your economy, making sure that your economy, making sure that your economy, making sure that everything gets cheaper, including everything gets cheaper, including everything gets cheaper, including labor, more people lose their jobs, exit labor, more people lose their jobs, exit labor, more people lose their jobs, exit out of the workforce. Uh, and then you out of the workforce. Uh, and then you out of the workforce. Uh, and then you say, but not a problem because we've got say, but not a problem because we've got say, but not a problem because we've got all these government subsidies for you, all these government subsidies for you, all these government subsidies for you, and that makes you more likely to vote and that makes you more likely to vote and that makes you more likely to vote for the left. The right loves to for the left. The right loves to for the left. The right loves to financialize because the right their financialize because the right their financialize because the right their side of the oligarchy equation is that side of the oligarchy equation is that side of the oligarchy equation is that these are people that understand um these are people that understand um these are people that understand um getting into the stock market. The getting into the stock market. The getting into the stock market. The making a ton of money off of that making a ton of money off of that making a ton of money off of that financialization. And so both sides are financialization. And so both sides are financialization. And so both sides are like, "Yeah, keep financializing this so like, "Yeah, keep financializing this so like, "Yeah, keep financializing this so that we have all the money in the world. that we have all the money in the world. that we have all the money in the world. We'll just tax the wealthy more and more We'll just tax the wealthy more and more We'll just tax the wealthy more and more and more." Not understanding the and more." Not understanding the and more." Not understanding the difference between money and wealth. And difference between money and wealth. And difference between money and wealth. And so they fall into that trap. And then so they fall into that trap. And then so they fall into that trap. And then their voter base gets bigger and bigger their voter base gets bigger and bigger their voter base gets bigger and bigger because they're actually able to give because they're actually able to give because they're actually able to give things away for free because we just things away for free because we just things away for free because we just money print based on the money print based on the money print based on the financialization. And it's [ __ ] financialization. And it's [ __ ] financialization. And it's [ __ ] crazy. And so now for very separate crazy. And so now for very separate crazy. And so now for very separate reasons, they both have an incentive to reasons, they both have an incentive to reasons, they both have an incentive to do the same thing that every empire ever do the same thing that every empire ever do the same thing that every empire ever does because both sides, remember, every does because both sides, remember, every does because both sides, remember, every stable society is counting on there stable society is counting on there stable society is counting on there being two sides that hold each other in being two sides that hold each other in being two sides that hold each other in dynamic tension. But when they get too dynamic tension. But when they get too dynamic tension. But when they get too far away from each other and they're far away from each other and they're far away from each other and they're both tending towards the pathologies of both tending towards the pathologies of both tending towards the pathologies of their each side, they suddenly want, their each side, they suddenly want, their each side, they suddenly want, this is the horseshoe theory, they this is the horseshoe theory, they this is the horseshoe theory, they suddenly want the same things for suddenly want the same things for suddenly want the same things for different reasons, but they want the different reasons, but they want the different reasons, but they want the same thing. And so the madness then just same thing. And so the madness then just same thing. And so the madness then just accelerates and the only voices in the accelerates and the only voices in the accelerates and the only voices in the middle screaming for temperance middle screaming for temperance middle screaming for temperance essentially sound like uh lites. They essentially sound like uh lites. They essentially sound like uh lites. They sound outdated. They sound completely sound outdated. They sound completely sound outdated. They sound completely antithetical to to the energy of both antithetical to to the energy of both antithetical to to the energy of both parties. So somebody that's center right parties. So somebody that's center right parties. So somebody that's center right sounds stupid to the MAGA people and sounds stupid to the MAGA people and sounds stupid to the MAGA people and somebody that's center left sounds somebody that's center left sounds somebody that's center left sounds stupid to the DSA. And so it's like this stupid to the DSA. And so it's like this stupid to the DSA. And so it's like this is where you end up where they're both is where you end up where they're both is where you end up where they're both racing in these pathological directions racing in these pathological directions racing in these pathological directions towards this sort of unity. It's so towards this sort of unity. It's so towards this sort of unity. It's so infuriating because to actually get infuriating because to actually get infuriating because to actually get people to understand it, you have to put people to understand it, you have to put people to understand it, you have to put all the pieces on the table and every all the pieces on the table and every all the pieces on the table and every one of those pieces is like a PhD unto one of those pieces is like a PhD unto one of those pieces is like a PhD unto itself. And most people will eject out itself. And most people will eject out itself. And most people will eject out at some point. They're just like, I at some point. They're just like, I at some point. They're just like, I don't want to think about this anymore. don't want to think about this anymore. don't want to think about this anymore. There are things in my life I just want There are things in my life I just want There are things in my life I just want to do. So what do they do? They to do. So what do they do? They to do. So what do they do? They shorthand to influencers. And so they shorthand to influencers. And so they shorthand to influencers. And so they outsource their thinking to somebody outsource their thinking to somebody outsource their thinking to somebody else who's like, I have all the answers. else who's like, I have all the answers. else who's like, I have all the answers. You need only listen to me. And then You need only listen to me. And then You need only listen to me. And then that person takes shortcuts, okay? Known that person takes shortcuts, okay? Known that person takes shortcuts, okay? Known as huristics, rules of thumb. They take as huristics, rules of thumb. They take as huristics, rules of thumb. They take those shortcuts. They shortcut them even those shortcuts. They shortcut them even those shortcuts. They shortcut them even farther into sound bites. And now the farther into sound bites. And now the farther into sound bites. And now the people that are the most um profoundly people that are the most um profoundly people that are the most um profoundly followed are the people that can trigger followed are the people that can trigger followed are the people that can trigger the deepest emotion with the most the deepest emotion with the most the deepest emotion with the most memorable hooks that people can just memorable hooks that people can just memorable hooks that people can just repeat to their friends. And the reason repeat to their friends. And the reason repeat to their friends. And the reason that if you give like okay tell me what that if you give like okay tell me what that if you give like okay tell me what this person thinks about like Israel this person thinks about like Israel this person thinks about like Israel Palestine. This is where this all comes Palestine. This is where this all comes Palestine. This is where this all comes in. If you tell me that I know the rest in. If you tell me that I know the rest in. If you tell me that I know the rest of their belief system because I know of their belief system because I know of their belief system because I know what heristic traps they've fallen into. what heristic traps they've fallen into. what heristic traps they've fallen into. They're not thinking through all of They're not thinking through all of They're not thinking through all of these things. In fact I it's not even these things. In fact I it's not even these things. In fact I it's not even that they're they're succumbing to that they're they're succumbing to that they're they're succumbing to heristic traps. It's that they they need heristic traps. It's that they they need heristic traps. It's that they they need a bundle of things. And so it's like I a bundle of things. And so it's like I a bundle of things. And so it's like I don't want to think through all these don't want to think through all these don't want to think through all these problems. Bless you. But I need to problems. Bless you. But I need to problems. Bless you. But I need to understand um how do I think because I'm understand um how do I think because I'm understand um how do I think because I'm going to get attacked. If I say going to get attacked. If I say going to get attacked. If I say something publicly, someone's going to something publicly, someone's going to something publicly, someone's going to come at me and say, "Well, what about come at me and say, "Well, what about come at me and say, "Well, what about this thing?" And then I'm like, "Fuck, I this thing?" And then I'm like, "Fuck, I this thing?" And then I'm like, "Fuck, I haven't researched that one." So I I haven't researched that one." So I I haven't researched that one." So I I just ah give me the package. And so just ah give me the package. And so just ah give me the package. And so people take the package. And these people take the package. And these people take the package. And these things are so complicated to think things are so complicated to think things are so complicated to think through that they they do just take the through that they they do just take the through that they they do just take the package. And so they've got like, "Oh, I package. And so they've got like, "Oh, I package. And so they've got like, "Oh, I know what the the sound bites are for know what the the sound bites are for know what the the sound bites are for that. I may not have researched that that. I may not have researched that that. I may not have researched that one, but I know what my soundbite is. I one, but I know what my soundbite is. I one, but I know what my soundbite is. I can get you off my back with that thing. can get you off my back with that thing. can get you off my back with that thing. And so it becomes these like maddening And so it becomes these like maddening And so it becomes these like maddening packages uh that you're up against. This packages uh that you're up against. This packages uh that you're up against. This is what people refer to as talking is what people refer to as talking is what people refer to as talking points. points. points. >> And now you're in a world where people >> And now you're in a world where people >> And now you're in a world where people harden their positions based on harden their positions based on harden their positions based on emotional reasoning and outsourcing to emotional reasoning and outsourcing to emotional reasoning and outsourcing to influencers who give them a bundle, a influencers who give them a bundle, a influencers who give them a bundle, a bumper sticker uh slogans that they can bumper sticker uh slogans that they can bumper sticker uh slogans that they can repeat. But all of this stuff is highly repeat. But all of this stuff is highly repeat. But all of this stuff is highly consequential. Okay, I'll I'll stop if consequential. Okay, I'll I'll stop if consequential. Okay, I'll I'll stop if you tell me to, but I'll go one more you tell me to, but I'll go one more you tell me to, but I'll go one more fractal. So, this weekend I was saying fractal. So, this weekend I was saying fractal. So, this weekend I was saying to Lisa, to Lisa, to Lisa, uh, things are going so well on Kaizen. uh, things are going so well on Kaizen. uh, things are going so well on Kaizen. I was so amped up this weekend. I was I was so amped up this weekend. I was I was so amped up this weekend. I was like, holy [ __ ] this is the most like, holy [ __ ] this is the most like, holy [ __ ] this is the most productive weekend I've had on the game productive weekend I've had on the game productive weekend I've had on the game in god knows how long. It was in god knows how long. It was in god knows how long. It was incredible. And I'm like, every now and incredible. And I'm like, every now and incredible. And I'm like, every now and then, I really am just like, okay, um, then, I really am just like, okay, um, then, I really am just like, okay, um, this is probably the focus of the this is probably the focus of the this is probably the focus of the content I should be doing so I can just content I should be doing so I can just content I should be doing so I can just market the game and all that. And I'm market the game and all that. And I'm market the game and all that. And I'm like, but we're living through one of like, but we're living through one of like, but we're living through one of the most certainly the most the most certainly the most the most certainly the most consequential time in my life, possibly consequential time in my life, possibly consequential time in my life, possibly the most consequential time since World the most consequential time since World the most consequential time since World War II. So, it's like, god damn, do can War II. So, it's like, god damn, do can War II. So, it's like, god damn, do can you really afford even if I just want you really afford even if I just want you really afford even if I just want the game to have a market to sell into, the game to have a market to sell into, the game to have a market to sell into, can you afford to eject out of this or can you afford to eject out of this or can you afford to eject out of this or do you have to try to disentangle these do you have to try to disentangle these do you have to try to disentangle these things even if only for myself to know things even if only for myself to know things even if only for myself to know how to navigate through this stuff? And how to navigate through this stuff? And how to navigate through this stuff? And that's where I keep coming back to is I that's where I keep coming back to is I that's where I keep coming back to is I don't know that anybody even if they're don't know that anybody even if they're don't know that anybody even if they're just trying to preserve their own safety just trying to preserve their own safety just trying to preserve their own safety economically and literal safety. Uh I economically and literal safety. Uh I economically and literal safety. Uh I don't know if we can afford to eject out don't know if we can afford to eject out don't know if we can afford to eject out of this and coast on what was you know of this and coast on what was you know of this and coast on what was you know this 80 years of prosperity and peace this 80 years of prosperity and peace this 80 years of prosperity and peace that we could just come to rely on. that we could just come to rely on. that we could just come to rely on. Period. Now related new paragraph. If Period. Now related new paragraph. If Period. Now related new paragraph. If you guys have not watched season two of you guys have not watched season two of you guys have not watched season two of the House of the Dragon, the House of the Dragon, the House of the Dragon, holy hell, it it holy hell, it it holy hell, it it >> Listen, I'm beginning to think that one >> Listen, I'm beginning to think that one >> Listen, I'm beginning to think that one of the brightest historical minds is um of the brightest historical minds is um of the brightest historical minds is um George RR Martin. I think that's his George RR Martin. I think that's his George RR Martin. I think that's his name. Uh the guy that wrote the books on name. Uh the guy that wrote the books on name. Uh the guy that wrote the books on that because it dude it it follows so that because it dude it it follows so that because it dude it it follows so closely the conundrum of the wars that closely the conundrum of the wars that closely the conundrum of the wars that we're in now. If you take the dragons as we're in now. If you take the dragons as we're in now. If you take the dragons as like these really strong militaries, but like these really strong militaries, but like these really strong militaries, but some dragons are bigger than others. And some dragons are bigger than others. And some dragons are bigger than others. And like, okay, but some dragons are big and like, okay, but some dragons are big and like, okay, but some dragons are big and lumbering. Other dragons are smaller, lumbering. Other dragons are smaller, lumbering. Other dragons are smaller, but they're more nimble and they can but they're more nimble and they can but they're more nimble and they can move faster. And so, like, what what do move faster. And so, like, what what do move faster. And so, like, what what do you bet on the way that the different you bet on the way that the different you bet on the way that the different houses, meaning different countries, end houses, meaning different countries, end houses, meaning different countries, end up aligning with the people that have up aligning with the people that have up aligning with the people that have the strong dragons and how do they make the strong dragons and how do they make the strong dragons and how do they make that decision? And dude, it's it really that decision? And dude, it's it really that decision? And dude, it's it really is very insightful for this moment and is very insightful for this moment and is very insightful for this moment and shows in a very dramatized fashion the shows in a very dramatized fashion the shows in a very dramatized fashion the way that people can get sucked into way that people can get sucked into way that people can get sucked into these traps. And then the like these traps. And then the like these traps. And then the like behind-the-scenes propaganda of how behind-the-scenes propaganda of how behind-the-scenes propaganda of how because people think in shortcuts, what because people think in shortcuts, what because people think in shortcuts, what do you say? What do you repeat? Do you do you say? What do you repeat? Do you do you say? What do you repeat? Do you actually need a strong leader or do you actually need a strong leader or do you actually need a strong leader or do you need just a visible leader who will say need just a visible leader who will say need just a visible leader who will say what the council wants them to say? Oh what the council wants them to say? Oh what the council wants them to say? Oh my god, it's really insightful my god, it's really insightful my god, it's really insightful politically, but they look at the politically, but they look at the politically, but they look at the dragons. And so you're over here able to dragons. And so you're over here able to dragons. And so you're over here able to see a commentary on human nature that is see a commentary on human nature that is see a commentary on human nature that is playing out in this hyperconsequential playing out in this hyperconsequential playing out in this hyperconsequential way now um in in a very similar way to way now um in in a very similar way to way now um in in a very similar way to Mash was able to comment which was about Mash was able to comment which was about Mash was able to comment which was about the Korean War, but it was used to the Korean War, but it was used to the Korean War, but it was used to comment on the Vietnam War. It is comment on the Vietnam War. It is comment on the Vietnam War. It is literally like the House of the Dragon literally like the House of the Dragon literally like the House of the Dragon is being used to comment. Obviously, it is being used to comment. Obviously, it is being used to comment. Obviously, it came out before, so they couldn't have came out before, so they couldn't have came out before, so they couldn't have known, but it's just so true to human known, but it's just so true to human known, but it's just so true to human nature that we're seeing it play out nature that we're seeing it play out nature that we're seeing it play out now. It's really, really fascinating. now. It's really, really fascinating. now. It's really, really fascinating. But to the point where one of the But to the point where one of the But to the point where one of the speeches in season two is about how um speeches in season two is about how um speeches in season two is about how um we we had this time of peace and this we we had this time of peace and this we we had this time of peace and this time of peace has created a style of time of peace has created a style of time of peace has created a style of leadership where people want to um leadership where people want to um leadership where people want to um obviously hold on to this time of peace, obviously hold on to this time of peace, obviously hold on to this time of peace, but the energy that's captured people but the energy that's captured people but the energy that's captured people isn't that anymore. It's people that isn't that anymore. It's people that isn't that anymore. It's people that want to do battle. It's it's people that want to do battle. It's it's people that want to do battle. It's it's people that like this war is going to happen. And like this war is going to happen. And like this war is going to happen. And there's this really great scene where there's this really great scene where there's this really great scene where these two um basically the the sovereign these two um basically the the sovereign these two um basically the the sovereign leaders of two nations get together in leaders of two nations get together in leaders of two nations get together in secret and they both are like we've got secret and they both are like we've got secret and they both are like we've got to eject out of this and they can't. And to eject out of this and they can't. And to eject out of this and they can't. And you see how they've gotten trapped by you see how they've gotten trapped by you see how they've gotten trapped by the things that they've said and the the things that they've said and the the things that they've said and the moves that they've already made and oh moves that they've already made and oh moves that they've already made and oh god it's so interesting because it is god it's so interesting because it is god it's so interesting because it is what we're living through right now. what we're living through right now. what we're living through right now. >> And that I'm thinking about dragons now. >> And that I'm thinking about dragons now. >> And that I'm thinking about dragons now. You got me kind of looking in the side. You got me kind of looking in the side. You got me kind of looking in the side. Um, Um, Um, I know oil prices crash, the economy is I know oil prices crash, the economy is I know oil prices crash, the economy is going to be shocked, there's all these going to be shocked, there's all these going to be shocked, there's all these other things that are happening. We're other things that are happening. We're other things that are happening. We're definitely going to get to the Trump API definitely going to get to the Trump API definitely going to get to the Trump API thing, but the Oman and Kuwait piece, I thing, but the Oman and Kuwait piece, I thing, but the Oman and Kuwait piece, I think, might be a surprise to me because think, might be a surprise to me because think, might be a surprise to me because I don't know if that's good strategy I don't know if that's good strategy I don't know if that's good strategy from Iran standpoint that like, yeah, from Iran standpoint that like, yeah, from Iran standpoint that like, yeah, you could beat us, but we're just going you could beat us, but we're just going you could beat us, but we're just going to kill like take everybody else down to kill like take everybody else down to kill like take everybody else down with me. with me. with me. >> Yeah. >> Yeah. >> Yeah. >> And it's one of those things now as a >> And it's one of those things now as a >> And it's one of those things now as a sovereign nation, you're now looking at sovereign nation, you're now looking at sovereign nation, you're now looking at the US, please don't have them destroy the US, please don't have them destroy the US, please don't have them destroy us when I don't even think Trump was us when I don't even think Trump was us when I don't even think Trump was thinking about Kuwait when he first kind thinking about Kuwait when he first kind thinking about Kuwait when he first kind of went in there. though to your point of went in there. though to your point of went in there. though to your point of getting caught into these traps. of getting caught into these traps. of getting caught into these traps. >> Trump definitely wasn't. >> Trump definitely wasn't. >> Trump definitely wasn't. >> Yeah. >> Yeah. >> Yeah. >> Umh yeah, this comes down to when you >> Umh yeah, this comes down to when you >> Umh yeah, this comes down to when you look at your military and just listen to look at your military and just listen to look at your military and just listen to what Trump says about it. what Trump says about it. what Trump says about it. >> We have the biggest baddest military of >> We have the biggest baddest military of >> We have the biggest baddest military of all time. Now think about when Trump all time. Now think about when Trump all time. Now think about when Trump grew up. We are all products of our grew up. We are all products of our grew up. We are all products of our time. Trump grew up in the postw World time. Trump grew up in the postw World time. Trump grew up in the postw World War II era. Trump saw what happened in War II era. Trump saw what happened in War II era. Trump saw what happened in terms of we were this manufacturing terms of we were this manufacturing terms of we were this manufacturing powerhouse. We came out of World War II powerhouse. We came out of World War II powerhouse. We came out of World War II largely unscathed and we built something largely unscathed and we built something largely unscathed and we built something that the world has never seen before. I that the world has never seen before. I that the world has never seen before. I mean, it's really extraordinary. We made mean, it's really extraordinary. We made mean, it's really extraordinary. We made the best use of that postWorld War II the best use of that postWorld War II the best use of that postWorld War II power play that anybody has ever made power play that anybody has ever made power play that anybody has ever made of. Um, I know I beseech you guys all of. Um, I know I beseech you guys all of. Um, I know I beseech you guys all the time to research Japan, but research the time to research Japan, but research the time to research Japan, but research Japan. And so, you look at what we did Japan. And so, you look at what we did Japan. And so, you look at what we did in Europe. We had our Europe first in Europe. We had our Europe first in Europe. We had our Europe first mentality. We helped rebuild that. we mentality. We helped rebuild that. we mentality. We helped rebuild that. we saw a just naked conflict between saw a just naked conflict between saw a just naked conflict between different um styles of governance. So different um styles of governance. So different um styles of governance. So you had um Russia obviously representing you had um Russia obviously representing you had um Russia obviously representing sort of one hardcore um bent to this. sort of one hardcore um bent to this. sort of one hardcore um bent to this. You had a far more socialist um Europe You had a far more socialist um Europe You had a far more socialist um Europe taking another approach to this and then taking another approach to this and then taking another approach to this and then you had the American approach and the you had the American approach and the you had the American approach and the American approach just came out ahead. American approach just came out ahead. American approach just came out ahead. But what people didn't realize was that But what people didn't realize was that But what people didn't realize was that um the US was so dominant and created so um the US was so dominant and created so um the US was so dominant and created so much wealth and prosperity that you run much wealth and prosperity that you run much wealth and prosperity that you run into this position where people go okay into this position where people go okay into this position where people go okay now this works so well I'm going to now this works so well I'm going to now this works so well I'm going to spread it everywhere that I can but spread it everywhere that I can but spread it everywhere that I can but that's just a naked rejection of culture that's just a naked rejection of culture that's just a naked rejection of culture and cultures are not going to just and cultures are not going to just and cultures are not going to just embrace that and so we went on this like embrace that and so we went on this like embrace that and so we went on this like tear of trying to export democracy and tear of trying to export democracy and tear of trying to export democracy and most people don't want democracy and So, most people don't want democracy and So, most people don't want democracy and So, if their culture doesn't align with it, if their culture doesn't align with it, if their culture doesn't align with it, they're not going to embrace it. And they're not going to embrace it. And they're not going to embrace it. And this is why you have to understand why this is why you have to understand why this is why you have to understand why it worked in Japan. Do not let it worked in Japan. Do not let it worked in Japan. Do not let historians or [ __ ] pundits tell you, historians or [ __ ] pundits tell you, historians or [ __ ] pundits tell you, uh, uh, don't look at Japan. You can't uh, uh, don't look at Japan. You can't uh, uh, don't look at Japan. You can't extrapolate. You must understand Japan. extrapolate. You must understand Japan. extrapolate. You must understand Japan. You must understand why it worked there, You must understand why it worked there, You must understand why it worked there, why it doesn't work other places, what why it doesn't work other places, what why it doesn't work other places, what the difference is. And when you the difference is. And when you the difference is. And when you understand that, then you realize, oh, understand that, then you realize, oh, understand that, then you realize, oh, the US going, "Hey, China, come on in to the US going, "Hey, China, come on in to the US going, "Hey, China, come on in to the WTO. Yeah, cool. All good." the WTO. Yeah, cool. All good." the WTO. Yeah, cool. All good." completely misreading uh China's completely misreading uh China's completely misreading uh China's supplication that it was like, oh, supplication that it was like, oh, supplication that it was like, oh, they're going to be um call it an honest they're going to be um call it an honest they're going to be um call it an honest broker on the world stage. They're going broker on the world stage. They're going broker on the world stage. They're going to run the same playbook that the US to run the same playbook that the US to run the same playbook that the US ran. They're going to help everybody ran. They're going to help everybody ran. They're going to help everybody out, amass a ton of gold, make sure that out, amass a ton of gold, make sure that out, amass a ton of gold, make sure that they get as strong as humanly possible, they get as strong as humanly possible, they get as strong as humanly possible, build a massive manufacturing base, build a massive manufacturing base, build a massive manufacturing base, become uh become capable of becoming a become uh become capable of becoming a become uh become capable of becoming a war machine. Cuz keep in mind right now war machine. Cuz keep in mind right now war machine. Cuz keep in mind right now if you just look at their military, if you just look at their military, if you just look at their military, you're going to be tempted to take the you're going to be tempted to take the you're going to be tempted to take the Peter Zion of it all and be like, "What Peter Zion of it all and be like, "What Peter Zion of it all and be like, "What do you mean their military can't do you mean their military can't do you mean their military can't challenge the US? That's ridiculous, challenge the US? That's ridiculous, challenge the US? That's ridiculous, bitch." They will turn their entire bitch." They will turn their entire bitch." They will turn their entire manufacturing over to the military manufacturing over to the military manufacturing over to the military machinery just like the US did if machinery just like the US did if machinery just like the US did if they're given sufficient reason to do they're given sufficient reason to do they're given sufficient reason to do so. And so if they make a move on Taiwan so. And so if they make a move on Taiwan so. And so if they make a move on Taiwan and the US makes the mistake of and the US makes the mistake of and the US makes the mistake of attacking them, then they're going to attacking them, then they're going to attacking them, then they're going to flip the script and they're going to flip the script and they're going to flip the script and they're going to say, "We're a top- down economy. I'm say, "We're a top- down economy. I'm say, "We're a top- down economy. I'm going to shift all of this manufacturing going to shift all of this manufacturing going to shift all of this manufacturing capability to one crushing everybody cuz capability to one crushing everybody cuz capability to one crushing everybody cuz we now have the ultimate choke point. we now have the ultimate choke point. we now have the ultimate choke point. [ __ ] the straight of hormuz all that [ __ ] the straight of hormuz all that [ __ ] the straight of hormuz all that [ __ ] Who cares? Uh if you [ __ ] with my [ __ ] Who cares? Uh if you [ __ ] with my [ __ ] Who cares? Uh if you [ __ ] with my oil then I you're just not going to get oil then I you're just not going to get oil then I you're just not going to get rare earth magnets and [ __ ] Your your rare earth magnets and [ __ ] Your your rare earth magnets and [ __ ] Your your whole modern economy ceases to exist. whole modern economy ceases to exist. whole modern economy ceases to exist. What the [ __ ] are we even talking about What the [ __ ] are we even talking about What the [ __ ] are we even talking about here? So it's like yeah that that is here? So it's like yeah that that is here? So it's like yeah that that is asinine. We will find ourselves in the asinine. We will find ourselves in the asinine. We will find ourselves in the position that the Japanese admiral who position that the Japanese admiral who position that the Japanese admiral who said I fear that we have just awoken a said I fear that we have just awoken a said I fear that we have just awoken a sleeping dragon and filled it with a sleeping dragon and filled it with a sleeping dragon and filled it with a terrible resolve. That is precisely what terrible resolve. That is precisely what terrible resolve. That is precisely what we will do if we go on the offensive we will do if we go on the offensive we will do if we go on the offensive with China. It is very similar to what with China. It is very similar to what with China. It is very similar to what we've just done with Iran. Now, they're we've just done with Iran. Now, they're we've just done with Iran. Now, they're not big enough to reach beyond where not big enough to reach beyond where not big enough to reach beyond where they're at, but they can really do they're at, but they can really do they're at, but they can really do damage in the region. And they will, damage in the region. And they will, damage in the region. And they will, this is where you have to understand this is where you have to understand this is where you have to understand humans. Humans, whether they want to humans. Humans, whether they want to humans. Humans, whether they want to kill or not, they will kill absolutely kill or not, they will kill absolutely kill or not, they will kill absolutely indiscriminately if you back them into a indiscriminately if you back them into a indiscriminately if you back them into a corner or challenge their value system. corner or challenge their value system. corner or challenge their value system. They will kill and kill and kill and They will kill and kill and kill and They will kill and kill and kill and kill and kill. This is where man boy do kill and kill. This is where man boy do kill and kill. This is where man boy do I wish that I could avoid talking about I wish that I could avoid talking about I wish that I could avoid talking about uh Islam, but it's not going to be uh Islam, but it's not going to be uh Islam, but it's not going to be possible because one, it's just such a possible because one, it's just such a possible because one, it's just such a good example of this arc of like just good example of this arc of like just good example of this arc of like just like China ran the what do you mean like like China ran the what do you mean like like China ran the what do you mean like we just want to help like hey we've got we just want to help like hey we've got we just want to help like hey we've got cheap labor, send manufacturing and then cheap labor, send manufacturing and then cheap labor, send manufacturing and then as they got stronger they started being as they got stronger they started being as they got stronger they started being dismissive of the West. Uh same with dismissive of the West. Uh same with dismissive of the West. Uh same with Islam. It's literal doctrine to be chill Islam. It's literal doctrine to be chill Islam. It's literal doctrine to be chill when you're weak and then when you're when you're weak and then when you're when you're weak and then when you're strong to assert your uh position strong to assert your uh position strong to assert your uh position >> and the US has done the same. This is >> and the US has done the same. This is >> and the US has done the same. This is what humans do. And so there was a what humans do. And so there was a what humans do. And so there was a really weird period where the US in sort really weird period where the US in sort really weird period where the US in sort of the golden age of post World War II of the golden age of post World War II of the golden age of post World War II instead of being punitive, we said we instead of being punitive, we said we instead of being punitive, we said we want to help these places rebuild. And want to help these places rebuild. And want to help these places rebuild. And that was really glorious. We didn't want that was really glorious. We didn't want that was really glorious. We didn't want to be um an occupier. Even in Japan, to be um an occupier. Even in Japan, to be um an occupier. Even in Japan, dude, we could have occupied them dude, we could have occupied them dude, we could have occupied them literally forever. And we didn't we literally forever. And we didn't we literally forever. And we didn't we occupied them for like 3 years now. We occupied them for like 3 years now. We occupied them for like 3 years now. We kept military bases, but we didn't kept military bases, but we didn't kept military bases, but we didn't occupy them forever. We said, "We want occupy them forever. We said, "We want occupy them forever. We said, "We want to stand you up. We want you to run your to stand you up. We want you to run your to stand you up. We want you to run your own government." And then we bounced and own government." And then we bounced and own government." And then we bounced and we put a ton of money into turning them we put a ton of money into turning them we put a ton of money into turning them into a self-sustaining economy that into a self-sustaining economy that into a self-sustaining economy that could be a tremendous ally. Instead of could be a tremendous ally. Instead of could be a tremendous ally. Instead of being like, "You're the whatever number being like, "You're the whatever number being like, "You're the whatever number of state they would have been at that of state they would have been at that of state they would have been at that time, but nowadays we'd refer to it as time, but nowadays we'd refer to it as time, but nowadays we'd refer to it as the 51st state." Um, so we get them up the 51st state." Um, so we get them up the 51st state." Um, so we get them up on their feet and then back off. And we on their feet and then back off. And we on their feet and then back off. And we do the same thing in Germany and Europe do the same thing in Germany and Europe do the same thing in Germany and Europe ends up flourishing, finally getting out ends up flourishing, finally getting out ends up flourishing, finally getting out from under the Soviet Union, from under the Soviet Union, from under the Soviet Union, flourishing. And so it's really this um flourishing. And so it's really this um flourishing. And so it's really this um bizarre, bizarre, bizarre, never before seen in history, probably never before seen in history, probably never before seen in history, probably never not going to be seen again in our never not going to be seen again in our never not going to be seen again in our lifetime, where we go in, we build them lifetime, where we go in, we build them lifetime, where we go in, we build them into an ally, we trust that they're into an ally, we trust that they're into an ally, we trust that they're going to be democratic, and then we going to be democratic, and then we going to be democratic, and then we bounce. And bounce. And bounce. And that isn't the play from China's that isn't the play from China's that isn't the play from China's perspective and it isn't going to be the perspective and it isn't going to be the perspective and it isn't going to be the play from an Islamic perspective if that play from an Islamic perspective if that play from an Islamic perspective if that propagates. propagates. propagates. >> Um, and you need only look at the >> Um, and you need only look at the >> Um, and you need only look at the historical moves to see the truth of historical moves to see the truth of historical moves to see the truth of that. And by the way, I'm not sure the that. And by the way, I'm not sure the that. And by the way, I'm not sure the US would run the playbook the same. US would run the playbook the same. US would run the playbook the same. We're certainly not running like that We're certainly not running like that We're certainly not running like that now. Now it's become this extractive now. Now it's become this extractive now. Now it's become this extractive um Venezuelan situation where as long as um Venezuelan situation where as long as um Venezuelan situation where as long as you do what we say, we're happy. But if you do what we say, we're happy. But if you do what we say, we're happy. But if you do something else, there's going to you do something else, there's going to you do something else, there's going to be a problem. be a problem. be a problem. >> Yeah. >> Yeah. >> Yeah. >> And that works, by the way, when the >> And that works, by the way, when the >> And that works, by the way, when the when the countries are excited to do it, when the countries are excited to do it, when the countries are excited to do it, like Europe, like Japan. But when like Europe, like Japan. But when like Europe, like Japan. But when they're not excited to do it, and now they're not excited to do it, and now they're not excited to do it, and now you're having to force and coersse, it you're having to force and coersse, it you're having to force and coersse, it just becomes a totally different thing. just becomes a totally different thing. just becomes a totally different thing. >> Yeah. >> Yeah. >> Yeah. >> Um, now we talk about this API thing. >> Um, now we talk about this API thing. >> Um, now we talk about this API thing. So, uh, this is from Mario. Trump's So, uh, this is from Mario. Trump's So, uh, this is from Mario. Trump's media company just started selling early media company just started selling early media company just started selling early access to his own posts for up to access to his own posts for up to access to his own posts for up to $100,000 a month. $100,000 a month. $100,000 a month. $100,000 a month. $100,000 a month. $100,000 a month. >> Yo, >> Yo, >> Yo, >> 60,000 on the three-year lock in trading >> 60,000 on the three-year lock in trading >> 60,000 on the three-year lock in trading firms get Trump's Trump's true social firms get Trump's Trump's true social firms get Trump's Trump's true social post milliseconds before everyone else, post milliseconds before everyone else, post milliseconds before everyone else, plus eight other top accounts. His post plus eight other top accounts. His post plus eight other top accounts. His post already moved markets. Tariff pauses, already moved markets. Tariff pauses, already moved markets. Tariff pauses, Fed comments, war updates, all posted Fed comments, war updates, all posted Fed comments, war updates, all posted there first. Two former SEC officials there first. Two former SEC officials there first. Two former SEC officials say this may violate securities law say this may violate securities law say this may violate securities law outright. One trading forum CEO put it outright. One trading forum CEO put it outright. One trading forum CEO put it bluntly. If this were any other public bluntly. If this were any other public bluntly. If this were any other public company's chief executive, it would be company's chief executive, it would be company's chief executive, it would be jail time. Trump owns roughly 41% of the jail time. Trump owns roughly 41% of the jail time. Trump owns roughly 41% of the company selling access to his own words. company selling access to his own words. company selling access to his own words. >> Okay, this one is very complicated. >> Okay, this one is very complicated. >> Okay, this one is very complicated. Let's run through the facts um and then Let's run through the facts um and then Let's run through the facts um and then we'll get to whether this is really jail we'll get to whether this is really jail we'll get to whether this is really jail time or not. So, Trump Media launched a time or not. So, Trump Media launched a time or not. So, Trump Media launched a product called Truth API on Saturday. It product called Truth API on Saturday. It product called Truth API on Saturday. It sells trading firms early access to sells trading firms early access to sells trading firms early access to posts sort of from the 10 highest posts sort of from the 10 highest posts sort of from the 10 highest profile accounts on Truth Social, profile accounts on Truth Social, profile accounts on Truth Social, including obviously the presidents. Uh, including obviously the presidents. Uh, including obviously the presidents. Uh, as Drew was just saying, it's up to as Drew was just saying, it's up to as Drew was just saying, it's up to $100,000 a month. It's 60,000, I think, $100,000 a month. It's 60,000, I think, $100,000 a month. It's 60,000, I think, if you sign a three-year contract. Um, if you sign a three-year contract. Um, if you sign a three-year contract. Um, it comes with an archive going back to it comes with an archive going back to it comes with an archive going back to 2022. I don't know why anybody would 2022. I don't know why anybody would 2022. I don't know why anybody would care about that. That feels like care about that. That feels like care about that. That feels like marketing message meant to obfuscate marketing message meant to obfuscate marketing message meant to obfuscate what's really going on. The company says what's really going on. The company says what's really going on. The company says customers signed up before the launch, customers signed up before the launch, customers signed up before the launch, but obviously they're not going to say but obviously they're not going to say but obviously they're not going to say who. That, by the way, is not weird on who. That, by the way, is not weird on who. That, by the way, is not weird on neither account. I wouldn't expect them neither account. I wouldn't expect them neither account. I wouldn't expect them to just publish a list of people buying to just publish a list of people buying to just publish a list of people buying this. Um, Trump is the largest this. Um, Trump is the largest this. Um, Trump is the largest shareholder of Trump Media through a shareholder of Trump Media through a shareholder of Trump Media through a trust controlled by Don Jr. Now, all of trust controlled by Don Jr. Now, all of trust controlled by Don Jr. Now, all of that is going to matter a lot because that is going to matter a lot because that is going to matter a lot because whether this is routine or criminal whether this is routine or criminal whether this is routine or criminal comes down to basically one detail. If comes down to basically one detail. If comes down to basically one detail. If the API delivers posts that have already the API delivers posts that have already the API delivers posts that have already been published just basically faster been published just basically faster been published just basically faster because there's a delay on say X due to because there's a delay on say X due to because there's a delay on say X due to the algorithm. Uh it's ordinary data the algorithm. Uh it's ordinary data the algorithm. Uh it's ordinary data licensing. So Bloomberg already does licensing. So Bloomberg already does licensing. So Bloomberg already does this. Dow Jones does it. Trump media this. Dow Jones does it. Trump media this. Dow Jones does it. Trump media spokeswoman says that's exactly what spokeswoman says that's exactly what spokeswoman says that's exactly what they're doing. This is just the fastest they're doing. This is just the fastest they're doing. This is just the fastest way to ingest what is publicly available way to ingest what is publicly available way to ingest what is publicly available data. Okay. So let's be very clear. If data. Okay. So let's be very clear. If data. Okay. So let's be very clear. If that's what they're doing and this is he that's what they're doing and this is he that's what they're doing and this is he puts it out on truth first and then it puts it out on truth first and then it puts it out on truth first and then it just very quickly goes out via this just very quickly goes out via this just very quickly goes out via this thing. It actually isn't the problem. thing. It actually isn't the problem. thing. It actually isn't the problem. There's no legal problem whatsoever. The There's no legal problem whatsoever. The There's no legal problem whatsoever. The issue for me is just the absolutely issue for me is just the absolutely issue for me is just the absolutely grotesque nature of the president grotesque nature of the president grotesque nature of the president benefiting from the fact that he moves benefiting from the fact that he moves benefiting from the fact that he moves markets and now is double dipping markets and now is double dipping markets and now is double dipping basically bec and I say double dipping basically bec and I say double dipping basically bec and I say double dipping because he's already making an ungodly because he's already making an ungodly because he's already making an ungodly fortune off of what I'm going to call fortune off of what I'm going to call fortune off of what I'm going to call insider trading. That's Tom Billu's insider trading. That's Tom Billu's insider trading. That's Tom Billu's personal opinion. I don't know that it personal opinion. I don't know that it personal opinion. I don't know that it actually meets that legal requirement. actually meets that legal requirement. actually meets that legal requirement. But to me, for the same reason that I But to me, for the same reason that I But to me, for the same reason that I absolutely despise uh Congress having absolutely despise uh Congress having absolutely despise uh Congress having the ability to trade individual stocks, the ability to trade individual stocks, the ability to trade individual stocks, I despise that the president is able to I despise that the president is able to I despise that the president is able to benefit from the individual trading of benefit from the individual trading of benefit from the individual trading of stocks. Like absolutely despise it. It stocks. Like absolutely despise it. It stocks. Like absolutely despise it. It is so grotesque. We should make it is so grotesque. We should make it is so grotesque. We should make it illegal immediately. This is horrific. illegal immediately. This is horrific. illegal immediately. This is horrific. And now because his media company is And now because his media company is And now because his media company is failing, I think they did like $3.7 failing, I think they did like $3.7 failing, I think they did like $3.7 million on. So pathetic. Oh my god. Uh, million on. So pathetic. Oh my god. Uh, million on. So pathetic. Oh my god. Uh, to give you an idea, Trump's media to give you an idea, Trump's media to give you an idea, Trump's media company is substantively smaller than company is substantively smaller than company is substantively smaller than Tom Billy's media company. Okay, that Tom Billy's media company. Okay, that Tom Billy's media company. Okay, that [ __ ] is crazy. So, that fact alone tells [ __ ] is crazy. So, that fact alone tells [ __ ] is crazy. So, that fact alone tells you why they would be in a desperate you why they would be in a desperate you why they would be in a desperate situation trying to do this. Now, keep situation trying to do this. Now, keep situation trying to do this. Now, keep in mind, if it really is publicly posted in mind, if it really is publicly posted in mind, if it really is publicly posted and then sent out, it there are many and then sent out, it there are many and then sent out, it there are many people that already do this. Traders pay people that already do this. Traders pay people that already do this. Traders pay a fortune for that kind of thing. So a fortune for that kind of thing. So a fortune for that kind of thing. So whatever that is what it is. But if the whatever that is what it is. But if the whatever that is what it is. But if the feed delivers posts before they've been feed delivers posts before they've been feed delivers posts before they've been published now everything changes. The published now everything changes. The published now everything changes. The 2012 stock act says that executive 2012 stock act says that executive 2012 stock act says that executive branch employees owe a duty of trust and branch employees owe a duty of trust and branch employees owe a duty of trust and confidence to the government and to confidence to the government and to confidence to the government and to citizens regarding material non-public citizens regarding material non-public citizens regarding material non-public information from their position. The information from their position. The information from their position. The statute names the president statute names the president statute names the president specifically. So um yeah at that point I specifically. So um yeah at that point I specifically. So um yeah at that point I think this would be illegal. I think think this would be illegal. I think think this would be illegal. I think that you would be looking at violations that you would be looking at violations that you would be looking at violations and at that point you would and should and at that point you would and should and at that point you would and should be talking about somebody going to jail. be talking about somebody going to jail. be talking about somebody going to jail. Dude, you cannot uh let the president Dude, you cannot uh let the president Dude, you cannot uh let the president profit off of basically creating a a profit off of basically creating a a profit off of basically creating a a little side feed for people like, "Hey, little side feed for people like, "Hey, little side feed for people like, "Hey, look, this is what I'm about to do. Sign look, this is what I'm about to do. Sign look, this is what I'm about to do. Sign up here. Get it first." That would be up here. Get it first." That would be up here. Get it first." That would be insane. insane. insane. Doing it and saying, "Algorithms are Doing it and saying, "Algorithms are Doing it and saying, "Algorithms are slow. This is fast." Whatever. slow. This is fast." Whatever. slow. This is fast." Whatever. Obviously, I think that there are moral Obviously, I think that there are moral Obviously, I think that there are moral implications that we should be implications that we should be implications that we should be absolutely up in arms about in terms of absolutely up in arms about in terms of absolutely up in arms about in terms of him being able to profit from that him being able to profit from that him being able to profit from that directly. Made my position on that directly. Made my position on that directly. Made my position on that clear, but at that point, it wouldn't be clear, but at that point, it wouldn't be clear, but at that point, it wouldn't be illegal. So, we're going to need to see illegal. So, we're going to need to see illegal. So, we're going to need to see exactly how this plays out. They're exactly how this plays out. They're exactly how this plays out. They're obviously saying, "Listen, this is obviously saying, "Listen, this is obviously saying, "Listen, this is publicly available information. We're publicly available information. We're publicly available information. We're just giving you a faster way to ingest just giving you a faster way to ingest just giving you a faster way to ingest it." Fine. That's standard operating it." Fine. That's standard operating it." Fine. That's standard operating procedure. But, I think Trump should procedure. But, I think Trump should procedure. But, I think Trump should immediately divest everything that would immediately divest everything that would immediately divest everything that would allow him to personally profit off of allow him to personally profit off of allow him to personally profit off of that. That is just crazy. This is so that. That is just crazy. This is so that. That is just crazy. This is so crazy. We should not allow politicians crazy. We should not allow politicians crazy. We should not allow politicians to do that. That really is like you want to do that. That really is like you want to do that. That really is like you want to talk about oligarchy. Everybody to talk about oligarchy. Everybody to talk about oligarchy. Everybody should be absolutely metaphorically up should be absolutely metaphorically up should be absolutely metaphorically up in arms. That one. That one. And that is in arms. That one. That one. And that is in arms. That one. That one. And that is a leftright thing. You have people on a leftright thing. You have people on a leftright thing. You have people on both sides of the aisle profiting off of both sides of the aisle profiting off of both sides of the aisle profiting off of the fact that they know that their the fact that they know that their the fact that they know that their policies are going to influence markets. policies are going to influence markets. policies are going to influence markets. That [ __ ] is crazy and we should be That [ __ ] is crazy and we should be That [ __ ] is crazy and we should be stopping it immediately. stopping it immediately. stopping it immediately. >> True. [laughter] >> True. [laughter] >> True. [laughter] >> Nice. This is This is fraud. This is >> Nice. This is This is fraud. This is >> Nice. This is This is fraud. This is corruption. This is bad. I don't think corruption. This is bad. I don't think corruption. This is bad. I don't think there's any confusion. I just want to there's any confusion. I just want to there's any confusion. I just want to really draw the line that the president really draw the line that the president really draw the line that the president of the United States is worried more of the United States is worried more of the United States is worried more about his financial standing than he is about his financial standing than he is about his financial standing than he is about the people in this country. And if about the people in this country. And if about the people in this country. And if he was a businessman, cool. If he was a he was a businessman, cool. If he was a he was a businessman, cool. If he was a CEO, cool. I get capitalism. I'm all CEO, cool. I get capitalism. I'm all CEO, cool. I get capitalism. I'm all that. I don't need the health insurance that. I don't need the health insurance that. I don't need the health insurance CEO to care about me. Get it? But the CEO to care about me. Get it? But the CEO to care about me. Get it? But the president, I feel like you should. So, I president, I feel like you should. So, I president, I feel like you should. So, I don't understand how we're not more mad don't understand how we're not more mad don't understand how we're not more mad about this. I think we need to draw this about this. I think we need to draw this about this. I think we need to draw this with a red Sharpie. I think that this is with a red Sharpie. I think that this is with a red Sharpie. I think that this is the he's bad. Like I I think there's the he's bad. Like I I think there's the he's bad. Like I I think there's nothing there should be no mixed nothing there should be no mixed nothing there should be no mixed language around this. There should be language around this. There should be language around this. There should be nobody trying to look at it, tilt eyes nobody trying to look at it, tilt eyes nobody trying to look at it, tilt eyes to the side, and justify it. Bad bad to the side, and justify it. Bad bad to the side, and justify it. Bad bad bad. The end. Period. Full sentence. bad. The end. Period. Full sentence. bad. The end. Period. Full sentence. >> Yes. And Drew, I love you brought >> Yes. And Drew, I love you brought >> Yes. And Drew, I love you brought something up that is um I worry that something up that is um I worry that something up that is um I worry that some people will ignore it because it some people will ignore it because it some people will ignore it because it feels like an emotional appeal, but I feels like an emotional appeal, but I feels like an emotional appeal, but I think it's the right place for an think it's the right place for an think it's the right place for an emotional appeal, which is that I should emotional appeal, which is that I should emotional appeal, which is that I should be able to trust my politicians to have be able to trust my politicians to have be able to trust my politicians to have the country's best interest at heart. the country's best interest at heart. the country's best interest at heart. Um, honestly, man, look, there are honestly, man, look, there are complications to this. So, I'm going to complications to this. So, I'm going to complications to this. So, I'm going to say this from an emotional place far say this from an emotional place far say this from an emotional place far more than like actual prescribing more than like actual prescribing more than like actual prescribing policy. But policy. But policy. But when there is hardship due to being a when there is hardship due to being a when there is hardship due to being a politician, I trust that politician far politician, I trust that politician far politician, I trust that politician far more than when it is one of the most more than when it is one of the most more than when it is one of the most lucrative things that you could do. lucrative things that you could do. lucrative things that you could do. >> Right now, being a politician is one of >> Right now, being a politician is one of >> Right now, being a politician is one of the most lucrative things that you can the most lucrative things that you can the most lucrative things that you can do. So I do not expect it to attract do. So I do not expect it to attract do. So I do not expect it to attract people who are like I'm willing to people who are like I'm willing to people who are like I'm willing to suffer to do something great for my suffer to do something great for my suffer to do something great for my nation. Um and there is a deep sadness nation. Um and there is a deep sadness nation. Um and there is a deep sadness in my soul for as I have gotten older to in my soul for as I have gotten older to in my soul for as I have gotten older to realize that when I believed that that's realize that when I believed that that's realize that when I believed that that's what drew politicians in it was what drew politicians in it was what drew politicians in it was propaganda. And so that may have been propaganda. And so that may have been propaganda. And so that may have been true at the founding of the nation true at the founding of the nation true at the founding of the nation because those guys I mean this is if because those guys I mean this is if because those guys I mean this is if you've ever heard to put your John you've ever heard to put your John you've ever heard to put your John Hancock on something John Hancock was Hancock on something John Hancock was Hancock on something John Hancock was one of the people that signed the one of the people that signed the one of the people that signed the Declaration of Independence which if we Declaration of Independence which if we Declaration of Independence which if we had lost the war was guaranteed to get had lost the war was guaranteed to get had lost the war was guaranteed to get you hung. And so if you look at the you hung. And so if you look at the you hung. And so if you look at the actual Declaration of Independence there actual Declaration of Independence there actual Declaration of Independence there are people that signed so small it's are people that signed so small it's are people that signed so small it's hard to read their name. And John hard to read their name. And John hard to read their name. And John Hancock look at the Declaration of Hancock look at the Declaration of Hancock look at the Declaration of Independence. He wrote his name so Independence. He wrote his name so Independence. He wrote his name so comically large cuz he was doing it to comically large cuz he was doing it to comically large cuz he was doing it to say I don't give a [ __ ] like if you say I don't give a [ __ ] like if you say I don't give a [ __ ] like if you come at me, come at me. Like, I'm not come at me, come at me. Like, I'm not come at me, come at me. Like, I'm not gonna be shy or bashful about this. And gonna be shy or bashful about this. And gonna be shy or bashful about this. And that's how that phrase becomes famous that's how that phrase becomes famous that's how that phrase becomes famous because that guy had nuts. because that guy had nuts. because that guy had nuts. >> Like [ __ ] gigantor nuts. And that's >> Like [ __ ] gigantor nuts. And that's >> Like [ __ ] gigantor nuts. And that's my kind of guy. Like somebody who goes my kind of guy. Like somebody who goes my kind of guy. Like somebody who goes in and says, "Being a politician at this in and says, "Being a politician at this in and says, "Being a politician at this time may cost me my life, but I so time may cost me my life, but I so time may cost me my life, but I so believe in what we're trying to do here believe in what we're trying to do here believe in what we're trying to do here that I'm willing to die for this cause." that I'm willing to die for this cause." that I'm willing to die for this cause." And we just don't have that energy And we just don't have that energy And we just don't have that energy anymore. It's always me me. What am I anymore. It's always me me. What am I anymore. It's always me me. What am I going to be able to get out of this? And going to be able to get out of this? And going to be able to get out of this? And that that's really devastating a as that that's really devastating a as that that's really devastating a as somebody who just I just I want somebody somebody who just I just I want somebody somebody who just I just I want somebody to believe in, you know what I mean? I to believe in, you know what I mean? I to believe in, you know what I mean? I want somebody that's like, yo, I'm in want somebody that's like, yo, I'm in want somebody that's like, yo, I'm in this because I want to do the right this because I want to do the right this because I want to do the right thing. So, no one is ever going to be thing. So, no one is ever going to be thing. So, no one is ever going to be pure. This this is not Tom Billy you pure. This this is not Tom Billy you pure. This this is not Tom Billy you looking for a purity test. This is um looking for a purity test. This is um looking for a purity test. This is um this is if you guys know George this is if you guys know George this is if you guys know George Washington's story, it's really pretty Washington's story, it's really pretty Washington's story, it's really pretty crazy. This is a guy who legitimately crazy. This is a guy who legitimately crazy. This is a guy who legitimately was just like over and over and over, was just like over and over and over, was just like over and over and over, will you guys please let me retire? He will you guys please let me retire? He will you guys please let me retire? He did not want to be president. It was uh did not want to be president. It was uh did not want to be president. It was uh what's his face um Hamilton that what's his face um Hamilton that what's his face um Hamilton that basically like guilt tripped him in to basically like guilt tripped him in to basically like guilt tripped him in to being president. Uh this is after he being president. Uh this is after he being president. Uh this is after he serves in the revolutionary army. Like serves in the revolutionary army. Like serves in the revolutionary army. Like again, this is a rich guy who gives up again, this is a rich guy who gives up again, this is a rich guy who gives up all rich guy [ __ ] to go freeze, get shot all rich guy [ __ ] to go freeze, get shot all rich guy [ __ ] to go freeze, get shot at multiple times. I think there were at multiple times. I think there were at multiple times. I think there were four times where a bullet like passed four times where a bullet like passed four times where a bullet like passed through his clothes uh but didn't hit through his clothes uh but didn't hit through his clothes uh but didn't hit him. This was a dude at the front, man. him. This was a dude at the front, man. him. This was a dude at the front, man. after that finally wins that [ __ ] war after that finally wins that [ __ ] war after that finally wins that [ __ ] war and is like, "Okay, I can go back to my and is like, "Okay, I can go back to my and is like, "Okay, I can go back to my farm in Virginia, right?" Nope. Psych. farm in Virginia, right?" Nope. Psych. farm in Virginia, right?" Nope. Psych. Just kidding. You've got to come do Just kidding. You've got to come do Just kidding. You've got to come do eight years in Washington, which he eight years in Washington, which he eight years in Washington, which he hated. Uh, and finally retires and like hated. Uh, and finally retires and like hated. Uh, and finally retires and like three years later or whatever, he's three years later or whatever, he's three years later or whatever, he's dead. But, um, dead. But, um, dead. But, um, you can put a lot of trust in somebody you can put a lot of trust in somebody you can put a lot of trust in somebody who's willing to fight, to risk their who's willing to fight, to risk their who's willing to fight, to risk their own life, um, who isn't doing something. own life, um, who isn't doing something. own life, um, who isn't doing something. This was not a time where politicians This was not a time where politicians This was not a time where politicians got rich for a very long time. being got rich for a very long time. being got rich for a very long time. being president often drained your personal president often drained your personal president often drained your personal finances finances finances >> and so you would go you would leave far >> and so you would go you would leave far >> and so you would go you would leave far poor than when you came in poor than when you came in poor than when you came in >> and now it's the exact opposite. So >> and now it's the exact opposite. So >> and now it's the exact opposite. So you've got these um just a very you've got these um just a very you've got these um just a very different ego of person. You always have different ego of person. You always have different ego of person. You always have to be egotistical to say I'm the right to be egotistical to say I'm the right to be egotistical to say I'm the right person to lead. But god damn, it's a person to lead. But god damn, it's a person to lead. But god damn, it's a whole another thing when it's like the whole another thing when it's like the whole another thing when it's like the whole world should listen to me cuz I'm whole world should listen to me cuz I'm whole world should listen to me cuz I'm the president of America. So I'm the the president of America. So I'm the the president of America. So I'm the most important person on earth and on most important person on earth and on most important person on earth and on top of that I'm going to come out so top of that I'm going to come out so top of that I'm going to come out so [ __ ] rich. It's crazy, man. It's [ __ ] rich. It's crazy, man. It's [ __ ] rich. It's crazy, man. It's crazy. crazy. crazy. >> Yeah, it's sad time. Sad time that we're >> Yeah, it's sad time. Sad time that we're >> Yeah, it's sad time. Sad time that we're in right now. Um, we'll see what in right now. Um, we'll see what in right now. Um, we'll see what happens. I hope this gets struck down by happens. I hope this gets struck down by happens. I hope this gets struck down by the SEC, but Trump dismounts with the the SEC, but Trump dismounts with the the SEC, but Trump dismounts with the SEC, so it's a bunch of people he SEC, so it's a bunch of people he SEC, so it's a bunch of people he appoints it to oversee it. So I feel appoints it to oversee it. So I feel appoints it to oversee it. So I feel like somebody's going to sign up for like somebody's going to sign up for like somebody's going to sign up for this. Here's the thing. This I if it is this. Here's the thing. This I if it is this. Here's the thing. This I if it is the first way where it is actually the first way where it is actually the first way where it is actually publicly available information, that publicly available information, that publicly available information, that really is true. really is true. really is true. >> Um >> Um >> Um it it is the SEC isn't isn't going to be it it is the SEC isn't isn't going to be it it is the SEC isn't isn't going to be able to make it illegal. This is a able to make it illegal. This is a able to make it illegal. This is a question of will Congress go we've got question of will Congress go we've got question of will Congress go we've got to stop making politics so lucrative and to stop making politics so lucrative and to stop making politics so lucrative and so we're going to remove ourselves from so we're going to remove ourselves from so we're going to remove ourselves from the ability to um trade on individual the ability to um trade on individual the ability to um trade on individual stocks and we're going to make sure that stocks and we're going to make sure that stocks and we're going to make sure that that goes up to the presidency as well. that goes up to the presidency as well. that goes up to the presidency as well. That should be the play. The position I That should be the play. The position I That should be the play. The position I want to see these guys all in is for me want to see these guys all in is for me want to see these guys all in is for me to get wealthy, the average American to get wealthy, the average American to get wealthy, the average American must be succeeding. must be succeeding. must be succeeding. >> Great. That's awesome. I love the idea >> Great. That's awesome. I love the idea >> Great. That's awesome. I love the idea of a president getting rich if they of a president getting rich if they of a president getting rich if they crush it for the average American. And crush it for the average American. And crush it for the average American. And right now, you get rich if you crush it right now, you get rich if you crush it right now, you get rich if you crush it for the elite. That is a dumb setup. for the elite. That is a dumb setup. for the elite. That is a dumb setup. That is the K-shaped economy. That's That is the K-shaped economy. That's That is the K-shaped economy. That's revolution. That's just [ __ ] idiotic. revolution. That's just [ __ ] idiotic. revolution. That's just [ __ ] idiotic. But yeah, letting people be able to reap But yeah, letting people be able to reap But yeah, letting people be able to reap the rewards of making things great for the rewards of making things great for the rewards of making things great for their country. I love it. their country. I love it. their country. I love it. >> Yeah. Um, we'll see. So, I want to give >> Yeah. Um, we'll see. So, I want to give >> Yeah. Um, we'll see. So, I want to give us an update about the Spanish us an update about the Spanish us an update about the Spanish territories in Morocco. This is from territories in Morocco. This is from territories in Morocco. This is from Rep. Thomas Massie. He tweeted, "Don't Rep. Thomas Massie. He tweeted, "Don't Rep. Thomas Massie. He tweeted, "Don't fall for the fake Fox GOP outrage. Two fall for the fake Fox GOP outrage. Two fall for the fake Fox GOP outrage. Two weeks ago, the House passed a bill that weeks ago, the House passed a bill that weeks ago, the House passed a bill that greenlighted the transfer of Spanish greenlighted the transfer of Spanish greenlighted the transfer of Spanish territory to Morocco. Every Republican territory to Morocco. Every Republican territory to Morocco. Every Republican except for me voted for it, but now they except for me voted for it, but now they except for me voted for it, but now they are acting shocked at this invasion." He are acting shocked at this invasion." He are acting shocked at this invasion." He highlighted in the sec in the securities highlighted in the sec in the securities highlighted in the sec in the securities appropriation bill. The committee notes appropriation bill. The committee notes appropriation bill. The committee notes that the Spanish administered cities of that the Spanish administered cities of that the Spanish administered cities of Cueta and Malaya are located in Moroccan Cueta and Malaya are located in Moroccan Cueta and Malaya are located in Moroccan territory and remain the subject of territory and remain the subject of territory and remain the subject of Morocco's long-standing claim. This is Morocco's long-standing claim. This is Morocco's long-standing claim. This is on the back of the quote unquote on the back of the quote unquote on the back of the quote unquote invasion that happened last week. And invasion that happened last week. And invasion that happened last week. And there are some reports that although the there are some reports that although the there are some reports that although the Pedro Sanchez um the president of Spain Pedro Sanchez um the president of Spain Pedro Sanchez um the president of Spain said that everybody left, there are some said that everybody left, there are some said that everybody left, there are some reports that there's still 10 to 15,000 reports that there's still 10 to 15,000 reports that there's still 10 to 15,000 migrants still in the city and they have migrants still in the city and they have migrants still in the city and they have set up encampments and shelters. set up encampments and shelters. set up encampments and shelters. >> Yeah, this one you're being >> Yeah, this one you're being >> Yeah, this one you're being propagandized. Be careful what you propagandized. Be careful what you propagandized. Be careful what you believe. I assure you, you do not have believe. I assure you, you do not have believe. I assure you, you do not have enough information. Thomas Massie enough information. Thomas Massie enough information. Thomas Massie certainly does not have enough certainly does not have enough certainly does not have enough information. Uh as you drill into this, information. Uh as you drill into this, information. Uh as you drill into this, like just go read the um Thomas Massie like just go read the um Thomas Massie like just go read the um Thomas Massie has posted twice on the subject. If you has posted twice on the subject. If you has posted twice on the subject. If you start reading the comments, people are start reading the comments, people are start reading the comments, people are pretty quick to point out uh things like pretty quick to point out uh things like pretty quick to point out uh things like um the city of Suda. I don't know how to um the city of Suda. I don't know how to um the city of Suda. I don't know how to pronounce it, but anyway, you guys know pronounce it, but anyway, you guys know pronounce it, but anyway, you guys know the two cities. Uh yes, they are on the two cities. Uh yes, they are on the two cities. Uh yes, they are on African uh soil. However, they were African uh soil. However, they were African uh soil. However, they were Spanish before Morocco even existed as a Spanish before Morocco even existed as a Spanish before Morocco even existed as a country. So, calling it Moroccan country. So, calling it Moroccan country. So, calling it Moroccan territory is a blatant lie. I don't know territory is a blatant lie. I don't know territory is a blatant lie. I don't know who the [ __ ] wrote that down. I don't who the [ __ ] wrote that down. I don't who the [ __ ] wrote that down. I don't know if they're malicious or ignorant. know if they're malicious or ignorant. know if they're malicious or ignorant. Um but nonetheless it has never been Um but nonetheless it has never been Um but nonetheless it has never been Moroccan territory. So there is a big Moroccan territory. So there is a big Moroccan territory. So there is a big difference between it is on the soil of difference between it is on the soil of difference between it is on the soil of Africa and it is Moroccan territory. Africa and it is Moroccan territory. Africa and it is Moroccan territory. That would be like saying that Alaska is That would be like saying that Alaska is That would be like saying that Alaska is Canadian territory. It is not Canadian Canadian territory. It is not Canadian Canadian territory. It is not Canadian territory despite the fact that it has territory despite the fact that it has territory despite the fact that it has um borders that border Canada. That is um borders that border Canada. That is um borders that border Canada. That is true. They are on the same landmass uh true. They are on the same landmass uh true. They are on the same landmass uh but they are not the same territory. So but they are not the same territory. So but they are not the same territory. So the fact that there happens to be water the fact that there happens to be water the fact that there happens to be water between it would be like us saying that between it would be like us saying that between it would be like us saying that Hawaii uh belongs to somebody else Hawaii uh belongs to somebody else Hawaii uh belongs to somebody else because there's water between us and because there's water between us and because there's water between us and mainland America. These are nonsensical mainland America. These are nonsensical mainland America. These are nonsensical arguments. So it is a Spanish territory. arguments. So it is a Spanish territory. arguments. So it is a Spanish territory. It is a it was a Spanish territory long It is a it was a Spanish territory long It is a it was a Spanish territory long before Morocco even existed as a nation. before Morocco even existed as a nation. before Morocco even existed as a nation. So that's propaganda. Now that doesn't So that's propaganda. Now that doesn't So that's propaganda. Now that doesn't mean that the US isn't [ __ ] with mean that the US isn't [ __ ] with mean that the US isn't [ __ ] with them. And I think that there the read them. And I think that there the read them. And I think that there the read probably, but trust me, I am uh I am probably, but trust me, I am uh I am probably, but trust me, I am uh I am very cautious of my own belief. I have very cautious of my own belief. I have very cautious of my own belief. I have not spent enough time researching this not spent enough time researching this not spent enough time researching this to be like, "Oh, I know exactly what's to be like, "Oh, I know exactly what's to be like, "Oh, I know exactly what's going on." But one of the pieces that's going on." But one of the pieces that's going on." But one of the pieces that's certainly on the table if you're trying certainly on the table if you're trying certainly on the table if you're trying to build a mental model of all this is to build a mental model of all this is to build a mental model of all this is that the US is very upset with Spain for that the US is very upset with Spain for that the US is very upset with Spain for them not helping and a whole bunch of them not helping and a whole bunch of them not helping and a whole bunch of trade policy stuff. So the US trade policy stuff. So the US trade policy stuff. So the US wants to see uh Spain get punished. And wants to see uh Spain get punished. And wants to see uh Spain get punished. And so they really do seem to be with Israel so they really do seem to be with Israel so they really do seem to be with Israel trying to get Moroccans to go and at trying to get Moroccans to go and at trying to get Moroccans to go and at least from a propaganda war push the least from a propaganda war push the least from a propaganda war push the narrative that this is part of our narrative that this is part of our narrative that this is part of our territory. Why why do you guys even have territory. Why why do you guys even have territory. Why why do you guys even have control here? which to me is be very control here? which to me is be very control here? which to me is be very careful people on the right because now careful people on the right because now careful people on the right because now they're leaning into leftist language of they're leaning into leftist language of they're leaning into leftist language of like you're this is this is colonization like you're this is this is colonization like you're this is this is colonization and it's like if you start beating that and it's like if you start beating that and it's like if you start beating that drum because it is um politically useful drum because it is um politically useful drum because it is um politically useful for you from a get back at Spain try to for you from a get back at Spain try to for you from a get back at Spain try to get them back in line try to get them to get them back in line try to get them to get them back in line try to get them to do the things you want to do those do the things you want to do those do the things you want to do those arguments are going to be used against arguments are going to be used against arguments are going to be used against you when you try to defend Israel or you when you try to defend Israel or you when you try to defend Israel or basically any other territorial dispute, basically any other territorial dispute, basically any other territorial dispute, which there are plenty the world over. which there are plenty the world over. which there are plenty the world over. Just everybody's quiet about everything Just everybody's quiet about everything Just everybody's quiet about everything except uh Israel Palestine. So, this is except uh Israel Palestine. So, this is except uh Israel Palestine. So, this is [ __ ] stupid. This is literally [ __ ] stupid. This is literally [ __ ] stupid. This is literally selectively taking your uh opponent's selectively taking your uh opponent's selectively taking your uh opponent's argumentation when it's expedient for argumentation when it's expedient for argumentation when it's expedient for you and then acting like you never said you and then acting like you never said you and then acting like you never said any of this stuff when it's not any of this stuff when it's not any of this stuff when it's not expedient for you. It knocks people off expedient for you. It knocks people off expedient for you. It knocks people off their moral high ground. It puts them in their moral high ground. It puts them in their moral high ground. It puts them in a really stupid position and shows that a really stupid position and shows that a really stupid position and shows that this is all just about telling the plebs this is all just about telling the plebs this is all just about telling the plebs what they need to to get them to do the what they need to to get them to do the what they need to to get them to do the things they want to do. Have some things they want to do. Have some things they want to do. Have some [ __ ] principles, man. Like, listen, I [ __ ] principles, man. Like, listen, I [ __ ] principles, man. Like, listen, I get it. When you have a set of get it. When you have a set of get it. When you have a set of principles, there are times where your principles, there are times where your principles, there are times where your principles will lead you up to something principles will lead you up to something principles will lead you up to something where you're like, "Huh, this is rough. where you're like, "Huh, this is rough. where you're like, "Huh, this is rough. I don't like where my principles have I don't like where my principles have I don't like where my principles have led me." Now your option is to become a led me." Now your option is to become a led me." Now your option is to become a total sham of a human being and abandon total sham of a human being and abandon total sham of a human being and abandon your principles selectively or realize your principles selectively or realize your principles selectively or realize oh [ __ ] I have to update my mental oh [ __ ] I have to update my mental oh [ __ ] I have to update my mental model. This is why meaning I have to model. This is why meaning I have to model. This is why meaning I have to change my principles. Once you do this change my principles. Once you do this change my principles. Once you do this is why I know it doesn't work but this is why I know it doesn't work but this is why I know it doesn't work but this is why I wish everybody had to run a is why I wish everybody had to run a is why I wish everybody had to run a company for years and that your only way company for years and that your only way company for years and that your only way to pay your own rent is by your company to pay your own rent is by your company to pay your own rent is by your company being successful because god damn does being successful because god damn does being successful because god damn does that bring a lot of clarity. And when that bring a lot of clarity. And when that bring a lot of clarity. And when you try to implement uh a one-off thing you try to implement uh a one-off thing you try to implement uh a one-off thing inside your company and then everybody inside your company and then everybody inside your company and then everybody comes and goes, "Wait, why does that comes and goes, "Wait, why does that comes and goes, "Wait, why does that person get preferential treatment, you person get preferential treatment, you person get preferential treatment, you will find yourself coming back to, okay, will find yourself coming back to, okay, will find yourself coming back to, okay, everything just has to be a policy? I everything just has to be a policy? I everything just has to be a policy? I put it in place and it affects everybody put it in place and it affects everybody put it in place and it affects everybody the same way." And once you do that, you the same way." And once you do that, you the same way." And once you do that, you start having to do things by principle start having to do things by principle start having to do things by principle and it will take you up against things and it will take you up against things and it will take you up against things like, "Fuck, what do I actually believe like, "Fuck, what do I actually believe like, "Fuck, what do I actually believe here?" And you have to model it out. And here?" And you have to model it out. And here?" And you have to model it out. And when you run up against something that when you run up against something that when you run up against something that you don't like, it may force you to you don't like, it may force you to you don't like, it may force you to update your actual principles. But you update your actual principles. But you update your actual principles. But you should be able to update them in a way should be able to update them in a way should be able to update them in a way that you could write down and say this that you could write down and say this that you could write down and say this is the principle that is determining is the principle that is determining is the principle that is determining this policy. And yes, it can be deeply this policy. And yes, it can be deeply this policy. And yes, it can be deeply uncomfortable. And yes, there are going uncomfortable. And yes, there are going uncomfortable. And yes, there are going to be times where you don't get the to be times where you don't get the to be times where you don't get the thing you emotionally want because you thing you emotionally want because you thing you emotionally want because you realize to get what you want realize to get what you want realize to get what you want emotionally, you're going to have to emotionally, you're going to have to emotionally, you're going to have to come up with a stupid policy that's come up with a stupid policy that's come up with a stupid policy that's based on a principle that you sometimes based on a principle that you sometimes based on a principle that you sometimes agree with and sometimes don't. That can agree with and sometimes don't. That can agree with and sometimes don't. That can be very hard for people. But be very hard for people. But be very hard for people. But nonetheless, you've got to do it. And nonetheless, you've got to do it. And nonetheless, you've got to do it. And that's where I've always said a country that's where I've always said a country that's where I've always said a country will be as territorially acquisitive, as will be as territorially acquisitive, as will be as territorially acquisitive, as murderous as they can be until they hit murderous as they can be until they hit murderous as they can be until they hit sufficient external force or their sufficient external force or their sufficient external force or their internal moral compass, meaning their internal moral compass, meaning their internal moral compass, meaning their value system says we don't do that value system says we don't do that value system says we don't do that thing. And so that may sometimes put thing. And so that may sometimes put thing. And so that may sometimes put them in a very difficult situation, but them in a very difficult situation, but them in a very difficult situation, but hey, we don't do that here. And you've hey, we don't do that here. And you've hey, we don't do that here. And you've got to live and die by that thing. And got to live and die by that thing. And got to live and die by that thing. And so seeing our politicians just so so seeing our politicians just so so seeing our politicians just so nakedly manipulative is really nakedly manipulative is really nakedly manipulative is really disgusting. I [ __ ] hate this. disgusting. I [ __ ] hate this. disgusting. I [ __ ] hate this. >> It's gross. But we got some super chats. >> It's gross. But we got some super chats. >> It's gross. But we got some super chats. >> Yes, we do. First on the super chat list >> Yes, we do. First on the super chat list >> Yes, we do. First on the super chat list comes from Marushia Dark. The idea of a comes from Marushia Dark. The idea of a comes from Marushia Dark. The idea of a laugher curve could apply to other areas laugher curve could apply to other areas laugher curve could apply to other areas in which too much or too little of a in which too much or too little of a in which too much or too little of a thing yields less than the optimal thing yields less than the optimal thing yields less than the optimal maximum. Freedom, regulation, diversity, maximum. Freedom, regulation, diversity, maximum. Freedom, regulation, diversity, body fat, temperature, religion, body fat, temperature, religion, body fat, temperature, religion, tolerance, etc. Thoughts? tolerance, etc. Thoughts? tolerance, etc. Thoughts? >> Uh, you're bang on correct. And this is >> Uh, you're bang on correct. And this is >> Uh, you're bang on correct. And this is ironically, I don't know if it was meant ironically, I don't know if it was meant ironically, I don't know if it was meant to be, it couldn't have been because you to be, it couldn't have been because you to be, it couldn't have been because you put it in earlier, but it's exactly what put it in earlier, but it's exactly what put it in earlier, but it's exactly what we're talking about right now. So, uh, we're talking about right now. So, uh, we're talking about right now. So, uh, you put a policy in place, that policy you put a policy in place, that policy you put a policy in place, that policy leads you, so let's say maximum freedom, leads you, so let's say maximum freedom, leads you, so let's say maximum freedom, that policy then takes you to anarchy, that policy then takes you to anarchy, that policy then takes you to anarchy, like quite literally anarchy. So, if you like quite literally anarchy. So, if you like quite literally anarchy. So, if you look at the chaz, the chop, etc., etc., look at the chaz, the chop, etc., etc., look at the chaz, the chop, etc., etc., these dumb asses. There's actually a new these dumb asses. There's actually a new these dumb asses. There's actually a new one. I pulled it. Um, I forget where one. I pulled it. Um, I forget where one. I pulled it. Um, I forget where it's at now. Wisconsin or something. I it's at now. Wisconsin or something. I it's at now. Wisconsin or something. I somewhere absurd. I was like, what the somewhere absurd. I was like, what the somewhere absurd. I was like, what the [ __ ] Um, so they create these [ __ ] Um, so they create these [ __ ] Um, so they create these autonomous zones where it's like autonomous zones where it's like autonomous zones where it's like essentially there's no rules and these essentially there's no rules and these essentially there's no rules and these guys get to play out their dumbass guys get to play out their dumbass guys get to play out their dumbass policies. Well, guess what fills that policies. Well, guess what fills that policies. Well, guess what fills that vacuum? Violence. And so you can create vacuum? Violence. And so you can create vacuum? Violence. And so you can create these desires for freedom. And then you these desires for freedom. And then you these desires for freedom. And then you realize that freedom cannot be absolute realize that freedom cannot be absolute realize that freedom cannot be absolute because what goes into that position is because what goes into that position is because what goes into that position is you realize, oh, I'm free to do whatever you realize, oh, I'm free to do whatever you realize, oh, I'm free to do whatever the [ __ ] I want. Awesome. I'm going to the [ __ ] I want. Awesome. I'm going to the [ __ ] I want. Awesome. I'm going to take all your [ __ ] And then what ends take all your [ __ ] And then what ends take all your [ __ ] And then what ends up happening is the strongest person up happening is the strongest person up happening is the strongest person ends up winning. So you you end up back ends up winning. So you you end up back ends up winning. So you you end up back in tyranny because of the nature of in tyranny because of the nature of in tyranny because of the nature of humans. What here's one of the most humans. What here's one of the most humans. What here's one of the most fascinating revel revelations of what fascinating revel revelations of what fascinating revel revelations of what it's like to be a human is once you it's like to be a human is once you it's like to be a human is once you realize you can be hurt, you realize a realize you can be hurt, you realize a realize you can be hurt, you realize a very very dark thought. I can hurt other very very dark thought. I can hurt other very very dark thought. I can hurt other people. Once you realize you can hurt people. Once you realize you can hurt people. Once you realize you can hurt other people, you better have some moral other people, you better have some moral other people, you better have some moral break inside of your soul. Otherwise, break inside of your soul. Otherwise, break inside of your soul. Otherwise, you will take advantage of those weaker you will take advantage of those weaker you will take advantage of those weaker than you. And humans do this all the than you. And humans do this all the than you. And humans do this all the time. This is why you need to understand time. This is why you need to understand time. This is why you need to understand at a global scale that weakness invites at a global scale that weakness invites at a global scale that weakness invites contempt from people stronger than you contempt from people stronger than you contempt from people stronger than you that do not share your Janist or that do not share your Janist or that do not share your Janist or Buddhist philosophies and they will come Buddhist philosophies and they will come Buddhist philosophies and they will come and smash you and take your stuff and smash you and take your stuff and smash you and take your stuff because you are weak. Because you are because you are weak. Because you are because you are weak. Because you are weak. It is causitive. Look at Dude, I weak. It is causitive. Look at Dude, I weak. It is causitive. Look at Dude, I just saw this video. [ __ ] This is just saw this video. [ __ ] This is just saw this video. [ __ ] This is another one of those ones I wish I'd another one of those ones I wish I'd another one of those ones I wish I'd pulled. It was these two guys um like pulled. It was these two guys um like pulled. It was these two guys um like nature photographers. They were nature photographers. They were nature photographers. They were photographing a polar bear and uh one of photographing a polar bear and uh one of photographing a polar bear and uh one of the guys obviously was not used to being the guys obviously was not used to being the guys obviously was not used to being out with polar bears. Polar bears, if out with polar bears. Polar bears, if out with polar bears. Polar bears, if you don't know, are one of the most you don't know, are one of the most you don't know, are one of the most sinister, and I mean that. They will sinister, and I mean that. They will sinister, and I mean that. They will kill you in cruel ways. They will target kill you in cruel ways. They will target kill you in cruel ways. They will target individuals that they feel that they've individuals that they feel that they've individuals that they feel that they've been wronged by. Uh they will hunt been wronged by. Uh they will hunt been wronged by. Uh they will hunt humans down. They're one of like only humans down. They're one of like only humans down. They're one of like only two animals that will actively hunt two animals that will actively hunt two animals that will actively hunt humans. Uh yeah, it there is some dire humans. Uh yeah, it there is some dire humans. Uh yeah, it there is some dire stories of the way that polar bears will stories of the way that polar bears will stories of the way that polar bears will torture people, eat them alive. torture people, eat them alive. torture people, eat them alive. Absolutely wild. again, singling Absolutely wild. again, singling Absolutely wild. again, singling individuals out in a group, going after individuals out in a group, going after individuals out in a group, going after that one person. Okay, so with that in that one person. Okay, so with that in that one person. Okay, so with that in mind, these two people are taking photos mind, these two people are taking photos mind, these two people are taking photos of this polar bear. The polar bear gets of this polar bear. The polar bear gets of this polar bear. The polar bear gets up and starts moving towards them, and up and starts moving towards them, and up and starts moving towards them, and the guy that's used to it says, "Guess the guy that's used to it says, "Guess the guy that's used to it says, "Guess what we're going to have to do?" And the what we're going to have to do?" And the what we're going to have to do?" And the scared guy's like, "What? What do we scared guy's like, "What? What do we scared guy's like, "What? What do we have to do?" He said, "We have to move have to do?" He said, "We have to move have to do?" He said, "We have to move towards the polar bear." And the guy's towards the polar bear." And the guy's towards the polar bear." And the guy's like, "What the [ __ ] are you talking like, "What the [ __ ] are you talking like, "What the [ __ ] are you talking about?" And he said, "We must show about?" And he said, "We must show about?" And he said, "We must show dominance." And so they move towards the dominance." And so they move towards the dominance." And so they move towards the polar bear as the polar bear moves polar bear as the polar bear moves polar bear as the polar bear moves towards them. So what does the polar towards them. So what does the polar towards them. So what does the polar bear do? It starts moving sideways. So bear do? It starts moving sideways. So bear do? It starts moving sideways. So now they walk sideways, but they track now they walk sideways, but they track now they walk sideways, but they track with the polar bear. They don't walk in with the polar bear. They don't walk in with the polar bear. They don't walk in the opposite direction. And as they're the opposite direction. And as they're the opposite direction. And as they're tracking with the polar bear, the guy, tracking with the polar bear, the guy, tracking with the polar bear, the guy, the scared guy, says, "What would happen the scared guy, says, "What would happen the scared guy, says, "What would happen if I turned and ran?" And he said, "That if I turned and ran?" And he said, "That if I turned and ran?" And he said, "That polar bear, 95% chance chases you down." polar bear, 95% chance chases you down." polar bear, 95% chance chases you down." Why? Because he showed weakness. It is Why? Because he showed weakness. It is Why? Because he showed weakness. It is causitive. the weakness triggers causitive. the weakness triggers causitive. the weakness triggers something anim animalistic in that something anim animalistic in that something anim animalistic in that animal that it's not like the polar bear animal that it's not like the polar bear animal that it's not like the polar bear is going to be able to write you an is going to be able to write you an is going to be able to write you an essay about oh when the person shows me essay about oh when the person shows me essay about oh when the person shows me my back and they start moving I know my back and they start moving I know my back and they start moving I know that that is weakness and therefore I'm that that is weakness and therefore I'm that that is weakness and therefore I'm likely to win this fight it's just likely to win this fight it's just likely to win this fight it's just embedded in their DNA that when the embedded in their DNA that when the embedded in their DNA that when the thing moves away from you cool that that thing moves away from you cool that that thing moves away from you cool that that tells me right there what I need to know tells me right there what I need to know tells me right there what I need to know I am stronger by their own calculation I am stronger by their own calculation I am stronger by their own calculation cool I'm going to make a move so the guy cool I'm going to make a move so the guy cool I'm going to make a move so the guy says that's not what we're going to do says that's not what we're going to do says that's not what we're going to do we're going to parallel this [ __ ] we're going to parallel this [ __ ] we're going to parallel this [ __ ] thing and by the way if it tries to arc thing and by the way if it tries to arc thing and by the way if it tries to arc in towards us we're going to arc in in towards us we're going to arc in in towards us we're going to arc in towards it. And so every time the polar towards it. And so every time the polar towards it. And so every time the polar bear tries to arc in towards them, they bear tries to arc in towards them, they bear tries to arc in towards them, they arc in towards a polar bear. And arc in towards a polar bear. And arc in towards a polar bear. And eventually the polar bear realizes, huh, eventually the polar bear realizes, huh, eventually the polar bear realizes, huh, there might be something here that I there might be something here that I there might be something here that I don't understand. And so I'm going to go don't understand. And so I'm going to go don't understand. And so I'm going to go away because these guys are countering away because these guys are countering away because these guys are countering my every attempt at dominance. Humans my every attempt at dominance. Humans my every attempt at dominance. Humans are the same way. And we have existed are the same way. And we have existed are the same way. And we have existed inside of this bubble of peace and inside of this bubble of peace and inside of this bubble of peace and prosperity in the West for so long that prosperity in the West for so long that prosperity in the West for so long that we have failed to recognize the displays we have failed to recognize the displays we have failed to recognize the displays of dominance. We have failed to of dominance. We have failed to of dominance. We have failed to recognize what you must do when someone recognize what you must do when someone recognize what you must do when someone tries to flex on you. You can't be like, tries to flex on you. You can't be like, tries to flex on you. You can't be like, "Oh, it's all good. Hey, bro. So sorry." "Oh, it's all good. Hey, bro. So sorry." "Oh, it's all good. Hey, bro. So sorry." Nope. Unfortunately, that doesn't work. Nope. Unfortunately, that doesn't work. Nope. Unfortunately, that doesn't work. And so, we're in that quagmire in Iran And so, we're in that quagmire in Iran And so, we're in that quagmire in Iran right now. Every time we back off, every right now. Every time we back off, every right now. Every time we back off, every time we signal that, hey, we want to time we signal that, hey, we want to time we signal that, hey, we want to negotiate, they're like, all right, negotiate, they're like, all right, negotiate, they're like, all right, cool. These [ __ ] are weak. We got cool. These [ __ ] are weak. We got cool. These [ __ ] are weak. We got them on the run. Let's make a move. It's them on the run. Let's make a move. It's them on the run. Let's make a move. It's just the sad reality of what evolution just the sad reality of what evolution just the sad reality of what evolution has done to all of our minds. And so the has done to all of our minds. And so the has done to all of our minds. And so the second we forget that all of this is second we forget that all of this is second we forget that all of this is true, we end up in a really stupid true, we end up in a really stupid true, we end up in a really stupid situation. situation. situation. >> Marushia Dark for another 20. Thank you >> Marushia Dark for another 20. Thank you >> Marushia Dark for another 20. Thank you for the 40. for the 40. for the 40. >> Thank you. Marushia >> Thank you. Marushia >> Thank you. Marushia >> says, "Watch Eagle Eye and Person of >> says, "Watch Eagle Eye and Person of >> says, "Watch Eagle Eye and Person of Interest: Rogue ASI using social Interest: Rogue ASI using social Interest: Rogue ASI using social engineering to trick humans is more engineering to trick humans is more engineering to trick humans is more likely than direct code exploits. Also, likely than direct code exploits. Also, likely than direct code exploits. Also, much of what you liked about the Odyssey much of what you liked about the Odyssey much of what you liked about the Odyssey belongs to Homer. Check out the 97 belongs to Homer. Check out the 97 belongs to Homer. Check out the 97 version." version." version." >> H interesting. I didn't even know there >> H interesting. I didn't even know there >> H interesting. I didn't even know there was a 97 version. was a 97 version. was a 97 version. >> Nobody knew that there was a 97 version. >> Nobody knew that there was a 97 version. >> Nobody knew that there was a 97 version. You stop being haters. I watched it in You stop being haters. I watched it in You stop being haters. I watched it in college for a class. It's not anything college for a class. It's not anything college for a class. It's not anything crazy. crazy. crazy. >> Who's in it? [laughter] >> Who's in it? [laughter] >> Who's in it? [laughter] >> Uh, it's it's pretty. >> Uh, it's it's pretty. >> Uh, it's it's pretty. Yeah, the dude from that thing. From Yeah, the dude from that thing. From Yeah, the dude from that thing. From that place. that place. that place. >> The dude from that thing from the time >> The dude from that thing from the time >> The dude from that thing from the time from back when. from back when. from back when. >> You've seen him before that. >> You've seen him before that. >> You've seen him before that. >> Got it. >> Got it. >> Got it. >> Uh, [laughter] interesting. Okay. Yeah, >> Uh, [laughter] interesting. Okay. Yeah, >> Uh, [laughter] interesting. Okay. Yeah, I would love to check it out. It's like I would love to check it out. It's like I would love to check it out. It's like very little about Homer himself. very little about Homer himself. very little about Homer himself. >> They did like the it miniseries thing um >> They did like the it miniseries thing um >> They did like the it miniseries thing um where it's like split into two episodes, where it's like split into two episodes, where it's like split into two episodes, but it's like a full 4hour thing. but it's like a full 4hour thing. but it's like a full 4hour thing. >> Let's go. Uh, Leblon says, "Have a >> Let's go. Uh, Leblon says, "Have a >> Let's go. Uh, Leblon says, "Have a beautiful and wonderful morning beautiful and wonderful morning beautiful and wonderful morning everyone. Lots of new stuff for AI everyone. Lots of new stuff for AI everyone. Lots of new stuff for AI coming in a new in the near months, coming in a new in the near months, coming in a new in the near months, >> my man. Leblon, always good to hear from >> my man. Leblon, always good to hear from >> my man. Leblon, always good to hear from you." Thank you, sir. you." Thank you, sir. you." Thank you, sir. >> And last for now. Uh, Jeriana Hansen >> And last for now. Uh, Jeriana Hansen >> And last for now. Uh, Jeriana Hansen says, "Good morning from Brazil. says, "Good morning from Brazil. says, "Good morning from Brazil. Tomorrow is my son's first birthday. I Tomorrow is my son's first birthday. I Tomorrow is my son's first birthday. I got hooked on your live streams during got hooked on your live streams during got hooked on your live streams during my maternity leave and we haven't missed my maternity leave and we haven't missed my maternity leave and we haven't missed one since he was born. Please wish my one since he was born. Please wish my one since he was born. Please wish my son uh Veric a happy birthday. Love you, son uh Veric a happy birthday. Love you, son uh Veric a happy birthday. Love you, >> Veric." >> Veric." >> Veric." >> Veric, a very happy birthday to you, >> Veric, a very happy birthday to you, >> Veric, a very happy birthday to you, man. I am excited. And thank you, by the man. I am excited. And thank you, by the man. I am excited. And thank you, by the way, for having kids. Uh, I definitely way, for having kids. Uh, I definitely way, for having kids. Uh, I definitely owe you a debt of gratitude. We need owe you a debt of gratitude. We need owe you a debt of gratitude. We need more people raising good kids. more people raising good kids. more people raising good kids. >> Show Veric the screen. >> Show Veric the screen. >> Show Veric the screen. >> Shout out. [cheering] >> Shout out. [cheering] >> Shout out. [cheering] [laughter] [laughter] [laughter] >> That's for Veric. That's for Veric. He's >> That's for Veric. That's for Veric. He's >> That's for Veric. That's for Veric. He's going to get it. He's into it. going to get it. He's into it. going to get it. He's into it. >> Real ones know. >> Real ones know. >> Real ones know. >> Real ones [laughter] know. Wes know. >> Real ones [laughter] know. Wes know. >> Real ones [laughter] know. Wes know. Babies love me. Yo, Babies love me. Yo, Babies love me. Yo, >> I am not surprised by that. I am not >> I am not surprised by that. I am not >> I am not surprised by that. I am not surprised. Especially because you raised surprised. Especially because you raised surprised. Especially because you raised a kid, so you know the drill. a kid, so you know the drill. a kid, so you know the drill. >> Yeah, I I know the nuances. Babies are >> Yeah, I I know the nuances. Babies are >> Yeah, I I know the nuances. Babies are the most honest versions of humans the most honest versions of humans the most honest versions of humans because it's like I care about you. I because it's like I care about you. I because it's like I care about you. I care about you on board now. Like care about you on board now. Like care about you on board now. Like there's no talking. They don't have to there's no talking. They don't have to there's no talking. They don't have to say anything. Like they lock in when say anything. Like they lock in when say anything. Like they lock in when they lock in and when they don't, they they lock in and when they don't, they they lock in and when they don't, they don't. don't. don't. >> Yeah. >> Yeah. >> Yeah. >> Um speaking of locking in, the Japanese >> Um speaking of locking in, the Japanese >> Um speaking of locking in, the Japanese stock market was all red this morning. stock market was all red this morning. stock market was all red this morning. But Scott Bessant is about the Scott But Scott Bessant is about the Scott But Scott Bessant is about the Scott Bessant. Now, I felt a type of way about Bessant. Now, I felt a type of way about Bessant. Now, I felt a type of way about this, but he shut me up over the this, but he shut me up over the this, but he shut me up over the Argentina price swap. So, I need you to Argentina price swap. So, I need you to Argentina price swap. So, I need you to break this down to me because I feel break this down to me because I feel break this down to me because I feel like if anybody can manipulate currency, like if anybody can manipulate currency, like if anybody can manipulate currency, it's Scott Bessant. it's Scott Bessant. it's Scott Bessant. >> [laughter] >> [laughter] >> [laughter] >> Yeah, you're you're definitely right >> Yeah, you're you're definitely right >> Yeah, you're you're definitely right about that. If you guys don't know Scott about that. If you guys don't know Scott about that. If you guys don't know Scott Besson's uh prior, his resume is dope. Besson's uh prior, his resume is dope. Besson's uh prior, his resume is dope. He's He's He's >> crazy. >> crazy. >> crazy. >> Uh homeboy made a lot of money taking >> Uh homeboy made a lot of money taking >> Uh homeboy made a lot of money taking down uh the British pound basically. Uh down uh the British pound basically. Uh down uh the British pound basically. Uh so yeah, your mental model of Scott so yeah, your mental model of Scott so yeah, your mental model of Scott Besson should be this guy is a financial Besson should be this guy is a financial Besson should be this guy is a financial gangster. Okay, so what are the gangster. Okay, so what are the gangster. Okay, so what are the particulars? The United States bought particulars? The United States bought particulars? The United States bought yen on Friday for the first time since yen on Friday for the first time since yen on Friday for the first time since 1998. 1998. 1998. And it's not because things are going And it's not because things are going And it's not because things are going well, boys and girls. If you were well, boys and girls. If you were well, boys and girls. If you were thinking that, unfortunately, it's thinking that, unfortunately, it's thinking that, unfortunately, it's because the US is trying to stop a total because the US is trying to stop a total because the US is trying to stop a total collapse of the Japanese economy, which collapse of the Japanese economy, which collapse of the Japanese economy, which is absolutely necessary because our two is absolutely necessary because our two is absolutely necessary because our two economies are so intertwined due to the economies are so intertwined due to the economies are so intertwined due to the carry trade. Now, I've talked about the carry trade. Now, I've talked about the carry trade. Now, I've talked about the carry trade before, so hopefully you carry trade before, so hopefully you carry trade before, so hopefully you guys know what it is, but to speedrun guys know what it is, but to speedrun guys know what it is, but to speedrun it, Japan got themselves in financial it, Japan got themselves in financial it, Japan got themselves in financial trouble in 1989. They were the biggest trouble in 1989. They were the biggest trouble in 1989. They were the biggest economy in the world in the mid80s. It economy in the world in the mid80s. It economy in the world in the mid80s. It all ends by ' 89. their real estate all ends by ' 89. their real estate all ends by ' 89. their real estate bubble burst and basically all of them bubble burst and basically all of them bubble burst and basically all of them just said, "Yo, I don't want to have just said, "Yo, I don't want to have just said, "Yo, I don't want to have debt anymore because debt is so debt anymore because debt is so debt anymore because debt is so destructive." And so no matter what destructive." And so no matter what destructive." And so no matter what Tokyo tried to do to stimulate the Tokyo tried to do to stimulate the Tokyo tried to do to stimulate the economy for almost 30 years, none of it economy for almost 30 years, none of it economy for almost 30 years, none of it worked. And so what ended up happening worked. And so what ended up happening worked. And so what ended up happening is they kept their rates ridiculously is they kept their rates ridiculously is they kept their rates ridiculously low. And so people the world over were low. And so people the world over were low. And so people the world over were borrowing money and spreading that money borrowing money and spreading that money borrowing money and spreading that money as liquidity around everywhere around as liquidity around everywhere around as liquidity around everywhere around the world that they thought that they the world that they thought that they the world that they thought that they could get a bigger return. The US being could get a bigger return. The US being could get a bigger return. The US being the primary beneficiary. So that locked the primary beneficiary. So that locked the primary beneficiary. So that locked our two economies together and for a our two economies together and for a our two economies together and for a very long time it was extraordinarily very long time it was extraordinarily very long time it was extraordinarily beneficial to the US. They were buying a beneficial to the US. They were buying a beneficial to the US. They were buying a ton of our debt and the US because of ton of our debt and the US because of ton of our debt and the US because of our deficits we need appetite for our our deficits we need appetite for our our deficits we need appetite for our debt and Tokyo was providing a lot of debt and Tokyo was providing a lot of debt and Tokyo was providing a lot of that. But now you've got Tokyo selling that. But now you've got Tokyo selling that. But now you've got Tokyo selling dollars. They sold as much as 58.97 dollars. They sold as much as 58.97 dollars. They sold as much as 58.97 billion in USD in a single day to buy billion in USD in a single day to buy billion in USD in a single day to buy their own currency because all of their their own currency because all of their their own currency because all of their stimulatory stuff didn't work. But then stimulatory stuff didn't work. But then stimulatory stuff didn't work. But then COVID hits. COVID causes that 30% rise COVID hits. COVID causes that 30% rise COVID hits. COVID causes that 30% rise for everybody. Doubly bad for Japan for everybody. Doubly bad for Japan for everybody. Doubly bad for Japan because they don't make anything because they don't make anything because they don't make anything themselves. So they're importing themselves. So they're importing themselves. So they're importing everything. And so now they're just everything. And so now they're just everything. And so now they're just getting absolutely hammered. And so they getting absolutely hammered. And so they getting absolutely hammered. And so they have inflation for the first time have inflation for the first time have inflation for the first time basically in a very long time. And so to basically in a very long time. And so to basically in a very long time. And so to combat it, they've got to start raising combat it, they've got to start raising combat it, they've got to start raising their rates. As they raise their rates, their rates. As they raise their rates, their rates. As they raise their rates, all the people that took out loans to all the people that took out loans to all the people that took out loans to bet in other economies, especially the bet in other economies, especially the bet in other economies, especially the US, are like, "Uhoh, I need to um start US, are like, "Uhoh, I need to um start US, are like, "Uhoh, I need to um start unwinding this trade. unwinding this trade. unwinding this trade. Now, as they start unwinding this trade, Now, as they start unwinding this trade, Now, as they start unwinding this trade, you would think that the yen was going you would think that the yen was going you would think that the yen was going to get a lot stronger. But the problem to get a lot stronger. But the problem to get a lot stronger. But the problem is that every time uh they try to is that every time uh they try to is that every time uh they try to basically unwind this thing, the US and basically unwind this thing, the US and basically unwind this thing, the US and Japan both panic and they're like, "Hold Japan both panic and they're like, "Hold Japan both panic and they're like, "Hold on a second. We need to slow this down. on a second. We need to slow this down. on a second. We need to slow this down. We don't want this to happen." Even We don't want this to happen." Even We don't want this to happen." Even though it would be great for the yen, we though it would be great for the yen, we though it would be great for the yen, we don't want this to happen. We need to don't want this to happen. We need to don't want this to happen. We need to keep that liquidity flowing or at least keep that liquidity flowing or at least keep that liquidity flowing or at least it's got to be a bubble that doesn't it's got to be a bubble that doesn't it's got to be a bubble that doesn't pop, but it slowly deflates. So, what do pop, but it slowly deflates. So, what do pop, but it slowly deflates. So, what do we do? We're going to um not raise rates we do? We're going to um not raise rates we do? We're going to um not raise rates nearly as much as we should. So, the nearly as much as we should. So, the nearly as much as we should. So, the carry trade remains in place now because carry trade remains in place now because carry trade remains in place now because even though they've raised rates, even though they've raised rates, even though they've raised rates, there's still a massive spread between there's still a massive spread between there's still a massive spread between Japan and the US for sure, just to keep Japan and the US for sure, just to keep Japan and the US for sure, just to keep it simple, that people are like, "Oh, I it simple, that people are like, "Oh, I it simple, that people are like, "Oh, I guess we're not going to unwind the guess we're not going to unwind the guess we're not going to unwind the carry trade that much." And so, people carry trade that much." And so, people carry trade that much." And so, people go back in and now the yen gets weaker go back in and now the yen gets weaker go back in and now the yen gets weaker again. And so, they're left in a again. And so, they're left in a again. And so, they're left in a position of, "Oh [ __ ] what do we do?" position of, "Oh [ __ ] what do we do?" position of, "Oh [ __ ] what do we do?" They start buying the yen because they They start buying the yen because they They start buying the yen because they don't want to unwind the carry trade. So don't want to unwind the carry trade. So don't want to unwind the carry trade. So they can't just raise rates to pump the they can't just raise rates to pump the they can't just raise rates to pump the brakes that way and get all that yen brakes that way and get all that yen brakes that way and get all that yen demand increased as people try to get demand increased as people try to get demand increased as people try to get out of their positions and pay that back out of their positions and pay that back out of their positions and pay that back off. Okay. Now the problem is even if off. Okay. Now the problem is even if off. Okay. Now the problem is even if the carry trade begins to unwind and you the carry trade begins to unwind and you the carry trade begins to unwind and you get these temporary spikes as people buy get these temporary spikes as people buy get these temporary spikes as people buy to pay off their debt, if they're just to pay off their debt, if they're just to pay off their debt, if they're just paying off their debt, those dollars are paying off their debt, those dollars are paying off their debt, those dollars are ceasing to exist or those yen are ceasing to exist or those yen are ceasing to exist or those yen are ceasing to exist. That's not going to ceasing to exist. That's not going to ceasing to exist. That's not going to solve the problem. what they need is for solve the problem. what they need is for solve the problem. what they need is for the pension funds, the insurance funds, the pension funds, the insurance funds, the pension funds, the insurance funds, um government contracts, all of that. um government contracts, all of that. um government contracts, all of that. They investors, they just need the money They investors, they just need the money They investors, they just need the money coming back into Japanese assets. That coming back into Japanese assets. That coming back into Japanese assets. That way, it's Japanese assets that are being way, it's Japanese assets that are being way, it's Japanese assets that are being purchased in yen staying in the country. purchased in yen staying in the country. purchased in yen staying in the country. Now, if you do that now, you could get Now, if you do that now, you could get Now, if you do that now, you could get their economy to grow. The problem is their economy to grow. The problem is their economy to grow. The problem is that every time they try to do one of that every time they try to do one of that every time they try to do one of these interventions, they signal to the these interventions, they signal to the these interventions, they signal to the smartest investors in the world that the smartest investors in the world that the smartest investors in the world that the Japanese economy is in trouble. So now Japanese economy is in trouble. So now Japanese economy is in trouble. So now you get into this idea of riskadjusted you get into this idea of riskadjusted you get into this idea of riskadjusted return. As risk goes up, the demand for return. As risk goes up, the demand for return. As risk goes up, the demand for return goes up. Now people will take return goes up. Now people will take return goes up. Now people will take insane risk. Look at AI. if they think insane risk. Look at AI. if they think insane risk. Look at AI. if they think that the reward is going to be massive. that the reward is going to be massive. that the reward is going to be massive. So now people go, "Hey, AI is super So now people go, "Hey, AI is super So now people go, "Hey, AI is super risky, but I'm potentially facing such a risky, but I'm potentially facing such a risky, but I'm potentially facing such a disproportionate return that it's worth disproportionate return that it's worth disproportionate return that it's worth doing." The problem is Japan doesn't doing." The problem is Japan doesn't doing." The problem is Japan doesn't have anything like that. So the risk is have anything like that. So the risk is have anything like that. So the risk is going up, but the return isn't or the going up, but the return isn't or the going up, but the return isn't or the expected return isn't. So now their expected return isn't. So now their expected return isn't. So now their economy looks worse and worse. Guess economy looks worse and worse. Guess economy looks worse and worse. Guess what that does to the yen? It makes the what that does to the yen? It makes the what that does to the yen? It makes the yen drop even more because people are yen drop even more because people are yen drop even more because people are like, "I don't want to invest in Japan. like, "I don't want to invest in Japan. like, "I don't want to invest in Japan. I want to go invest somewhere else. So, I want to go invest somewhere else. So, I want to go invest somewhere else. So, I'm going to take this cheap money that I'm going to take this cheap money that I'm going to take this cheap money that I can get and I'm going to go elsewhere. I can get and I'm going to go elsewhere. I can get and I'm going to go elsewhere. And that includes the pensions, that And that includes the pensions, that And that includes the pensions, that includes the insurance companies, that includes the insurance companies, that includes the insurance companies, that includes the Japanese investors. And so, includes the Japanese investors. And so, includes the Japanese investors. And so, money is just fleeing Japan. Until they money is just fleeing Japan. Until they money is just fleeing Japan. Until they solve that problem, they're not going to solve that problem, they're not going to solve that problem, they're not going to be able to solve this. And so, the be able to solve this. And so, the be able to solve this. And so, the dollar uh as we've now gotten ourselves dollar uh as we've now gotten ourselves dollar uh as we've now gotten ourselves into this quagmire, people are looking into this quagmire, people are looking into this quagmire, people are looking at that going, "Uh, I'm not sure that I at that going, "Uh, I'm not sure that I at that going, "Uh, I'm not sure that I like the US trying to bail these guys like the US trying to bail these guys like the US trying to bail these guys out. It's not going to work." So, the out. It's not going to work." So, the out. It's not going to work." So, the dollar dropped 3% which was its biggest dollar dropped 3% which was its biggest dollar dropped 3% which was its biggest 1-day fall since late 2022. Friday, 1-day fall since late 2022. Friday, 1-day fall since late 2022. Friday, Japan went went again during um New York Japan went went again during um New York Japan went went again during um New York hours. This time to to shore up the yen. hours. This time to to shore up the yen. hours. This time to to shore up the yen. And keep in mind, what are they selling And keep in mind, what are they selling And keep in mind, what are they selling to buy that yen, right? Everybody's to buy that yen, right? Everybody's to buy that yen, right? Everybody's afraid or the US is afraid that they're afraid or the US is afraid that they're afraid or the US is afraid that they're going to sell US debt, which is one of going to sell US debt, which is one of going to sell US debt, which is one of the easiest things to sell in order to the easiest things to sell in order to the easiest things to sell in order to buy that um to buy their own yen. So now buy that um to buy their own yen. So now buy that um to buy their own yen. So now Washington is joining them in trying to Washington is joining them in trying to Washington is joining them in trying to prop up the yen. So the New York Fed prop up the yen. So the New York Fed prop up the yen. So the New York Fed sold euros for yen on behalf of the sold euros for yen on behalf of the sold euros for yen on behalf of the Treasury, which by the way, that's going Treasury, which by the way, that's going Treasury, which by the way, that's going to cause European trauma. So this is to cause European trauma. So this is to cause European trauma. So this is back to are we trying to punish the back to are we trying to punish the back to are we trying to punish the Europeans? We're certainly saying we Europeans? We're certainly saying we Europeans? We're certainly saying we don't care about them very much. So don't care about them very much. So don't care about them very much. So that's going to further heighten that's going to further heighten that's going to further heighten tensions, which just to momentarily tensions, which just to momentarily tensions, which just to momentarily fractal. Remember how interconnected all fractal. Remember how interconnected all fractal. Remember how interconnected all of this is in this moment? We're now mad of this is in this moment? We're now mad of this is in this moment? We're now mad at Europe. We're secretly trying to [ __ ] at Europe. We're secretly trying to [ __ ] at Europe. We're secretly trying to [ __ ] up Spain. like we want Europe to pay up Spain. like we want Europe to pay up Spain. like we want Europe to pay their share and all that [ __ ] And so their share and all that [ __ ] And so their share and all that [ __ ] And so now do we try to protect their debt and now do we try to protect their debt and now do we try to protect their debt and their treasuries? No, we do not. We sell their treasuries? No, we do not. We sell their treasuries? No, we do not. We sell that to protect Japan because it helps that to protect Japan because it helps that to protect Japan because it helps protect the purchasing of our own US protect the purchasing of our own US protect the purchasing of our own US debt. And so you do that and again the debt. And so you do that and again the debt. And so you do that and again the sharp investors look at that and go, sharp investors look at that and go, sharp investors look at that and go, "Ooh, this is a sign of weakness. This "Ooh, this is a sign of weakness. This "Ooh, this is a sign of weakness. This is not a sign of strength." Now there is not a sign of strength." Now there is not a sign of strength." Now there was a photograph taken from Camp David was a photograph taken from Camp David was a photograph taken from Camp David where uh Bessant is sitting there and on where uh Bessant is sitting there and on where uh Bessant is sitting there and on a notepad he writes uh literally for the a notepad he writes uh literally for the a notepad he writes uh literally for the photographers to see buy Japanese yen 5 photographers to see buy Japanese yen 5 photographers to see buy Japanese yen 5 to 10 billion. Now I don't hear anybody to 10 billion. Now I don't hear anybody to 10 billion. Now I don't hear anybody commenting about this so I could be uh commenting about this so I could be uh commenting about this so I could be uh out of my mind. I think he did that on out of my mind. I think he did that on out of my mind. I think he did that on purpose. I think he did it to signal the purpose. I think he did it to signal the purpose. I think he did it to signal the problem is it caused a massive drop in problem is it caused a massive drop in problem is it caused a massive drop in the US stock market. So that photo ends the US stock market. So that photo ends the US stock market. So that photo ends up getting posted. The US stock market, up getting posted. The US stock market, up getting posted. The US stock market, maybe coincidentally, but I certainly maybe coincidentally, but I certainly maybe coincidentally, but I certainly don't think so, drops by like$ 1 point don't think so, drops by like$ 1 point don't think so, drops by like$ 1 point something trillion dollars. It's like 1 something trillion dollars. It's like 1 something trillion dollars. It's like 1 point something percent. So not massive point something percent. So not massive point something percent. So not massive in terms of percent, but a trillion in terms of percent, but a trillion in terms of percent, but a trillion dollars is a lot of value to evaporate dollars is a lot of value to evaporate dollars is a lot of value to evaporate instantly. Like it happened in like 40 instantly. Like it happened in like 40 instantly. Like it happened in like 40 minutes or something ridiculous. So minutes or something ridiculous. So minutes or something ridiculous. So investors are like, "Hey, what are you investors are like, "Hey, what are you investors are like, "Hey, what are you guys doing? Why are you trying to prop guys doing? Why are you trying to prop guys doing? Why are you trying to prop up the yen? This isn't going to last up the yen? This isn't going to last up the yen? This isn't going to last long." Now, the yen did get propped up long." Now, the yen did get propped up long." Now, the yen did get propped up and so the yen closed at uh 157.40 and so the yen closed at uh 157.40 and so the yen closed at uh 157.40 uh yen to the dollar, which is the uh yen to the dollar, which is the uh yen to the dollar, which is the strongest since early May. But just days strongest since early May. But just days strongest since early May. But just days earlier, it had hit a 40-year low. And I earlier, it had hit a 40-year low. And I earlier, it had hit a 40-year low. And I think you guys should expect this to think you guys should expect this to think you guys should expect this to continue to slide once the sort of sugar continue to slide once the sort of sugar continue to slide once the sort of sugar rush of propping it up wears off again rush of propping it up wears off again rush of propping it up wears off again until Japan can address risk adjusted until Japan can address risk adjusted until Japan can address risk adjusted return which means that people who are return which means that people who are return which means that people who are going to put their money at risk in the going to put their money at risk in the going to put their money at risk in the Japanese economy whether that's Japanese Japanese economy whether that's Japanese Japanese economy whether that's Japanese companies insurance brokers etc or companies insurance brokers etc or companies insurance brokers etc or foreign investors they've got to look at foreign investors they've got to look at foreign investors they've got to look at the Japanese economy and go hey this is the Japanese economy and go hey this is the Japanese economy and go hey this is moving in the right direction. Now, moving in the right direction. Now, moving in the right direction. Now, these guys are likely to grow because these guys are likely to grow because these guys are likely to grow because all they see right now is the US and all they see right now is the US and all they see right now is the US and Japan doing everything they can to Japan doing everything they can to Japan doing everything they can to artificially artificially artificially prop up the yen. Okay, so people paying prop up the yen. Okay, so people paying prop up the yen. Okay, so people paying attention like this might work attention like this might work attention like this might work temporarily, but this is not the same as temporarily, but this is not the same as temporarily, but this is not the same as building a thriving economy. And building a thriving economy. And building a thriving economy. And unfortunately for the world economy, unfortunately for the world economy, unfortunately for the world economy, unfortunately, unfortunately, unfortunately, the only thing Japan is going to be able the only thing Japan is going to be able the only thing Japan is going to be able to do to save itself long term is to get to do to save itself long term is to get to do to save itself long term is to get their economy actually growing. And to their economy actually growing. And to their economy actually growing. And to do that, they're going to have to get do that, they're going to have to get do that, they're going to have to get rid of the zombie companies, which have rid of the zombie companies, which have rid of the zombie companies, which have survived on all the cheap debt up until survived on all the cheap debt up until survived on all the cheap debt up until now, now, now, and actually start building companies and actually start building companies and actually start building companies that are innovating and doing things that are innovating and doing things that are innovating and doing things that other companies in the world can't that other companies in the world can't that other companies in the world can't do. And therefore, people ought to be do. And therefore, people ought to be do. And therefore, people ought to be investing in Japan. But there's no investing in Japan. But there's no investing in Japan. But there's no shortcut to this stuff. It always looks shortcut to this stuff. It always looks shortcut to this stuff. It always looks like there is, but I think right now like there is, but I think right now like there is, but I think right now what the US is doing is essentially what the US is doing is essentially what the US is doing is essentially working with Japan to manage their working with Japan to manage their working with Japan to manage their decline. Now, I'd rather have it managed decline. Now, I'd rather have it managed decline. Now, I'd rather have it managed than just blow up overnight. So, I'm not than just blow up overnight. So, I'm not than just blow up overnight. So, I'm not mad per se that they're doing this, but mad per se that they're doing this, but mad per se that they're doing this, but I am reminding myself that everything I am reminding myself that everything I am reminding myself that everything that is saying is just absolutely that is saying is just absolutely that is saying is just absolutely propaganda. So when he posted on Sunday propaganda. So when he posted on Sunday propaganda. So when he posted on Sunday that the Treasury won't hesitate to that the Treasury won't hesitate to that the Treasury won't hesitate to intervene again and he called for the intervene again and he called for the intervene again and he called for the Fed's FEMA repo to facilitate more Fed's FEMA repo to facilitate more Fed's FEMA repo to facilitate more Japanese intervention. Now the reason Japanese intervention. Now the reason Japanese intervention. Now the reason you do that is you're like, "Okay, you do that is you're like, "Okay, you do that is you're like, "Okay, Japan, listen. I want you to intervene. Japan, listen. I want you to intervene. Japan, listen. I want you to intervene. I want you to buy your yen, but I don't I want you to buy your yen, but I don't I want you to buy your yen, but I don't want you to sell treasuries to do it." want you to sell treasuries to do it." want you to sell treasuries to do it." So they're making that FEMA repo bigger So they're making that FEMA repo bigger So they're making that FEMA repo bigger so that Japan can borrow dollars against so that Japan can borrow dollars against so that Japan can borrow dollars against its treasuries instead of just selling its treasuries instead of just selling its treasuries instead of just selling them. Now if people are smart and they them. Now if people are smart and they them. Now if people are smart and they take this opportunity to go I should get take this opportunity to go I should get take this opportunity to go I should get out of this carry trade now before out of this carry trade now before out of this carry trade now before there's a problem at a minimum I should there's a problem at a minimum I should there's a problem at a minimum I should stop doing it on debt so that I can get stop doing it on debt so that I can get stop doing it on debt so that I can get myself out of this slowly and at a pace myself out of this slowly and at a pace myself out of this slowly and at a pace that isn't destructive. But they won't. that isn't destructive. But they won't. that isn't destructive. But they won't. And the odds are that people are just And the odds are that people are just And the odds are that people are just going to continue to um do the carry going to continue to um do the carry going to continue to um do the carry trade as long as there is arbitrage to trade as long as there is arbitrage to trade as long as there is arbitrage to be gained from the low rate that they be gained from the low rate that they be gained from the low rate that they can borrow Japanese yen and the high can borrow Japanese yen and the high can borrow Japanese yen and the high rate that they can get paid back in the rate that they can get paid back in the rate that they can get paid back in the US economy. And so eventually people are US economy. And so eventually people are US economy. And so eventually people are going to get burned. And I don't even going to get burned. And I don't even going to get burned. And I don't even think people understand how many places think people understand how many places think people understand how many places the carry trade is hiding in their the carry trade is hiding in their the carry trade is hiding in their portfolio. I'm sure I don't even portfolio. I'm sure I don't even portfolio. I'm sure I don't even understand all the places that it's understand all the places that it's understand all the places that it's hiding in my own portfolio. And I think hiding in my own portfolio. And I think hiding in my own portfolio. And I think about this stuff an obsessive amount. So about this stuff an obsessive amount. So about this stuff an obsessive amount. So yeah, yeah, yeah, slow the train down is better than slow the train down is better than slow the train down is better than something abrupt. But if people just something abrupt. But if people just something abrupt. But if people just keep going, oh well the train is still keep going, oh well the train is still keep going, oh well the train is still moving. It might be slower, but it's moving. It might be slower, but it's moving. It might be slower, but it's still moving. And then they just keep still moving. And then they just keep still moving. And then they just keep doing it. Keep doing it. Keep doing it. doing it. Keep doing it. Keep doing it. doing it. Keep doing it. Keep doing it. We're going to end a catastrophe. We're going to end a catastrophe. We're going to end a catastrophe. >> Yeah. Um did you see Trump's thing about >> Yeah. Um did you see Trump's thing about >> Yeah. Um did you see Trump's thing about Japan's been good to us with the Japan's been good to us with the Japan's been good to us with the exception of Pearl Harbor? exception of Pearl Harbor? exception of Pearl Harbor? >> Yeah. He's so funny with this [ __ ] >> Yeah. He's so funny with this [ __ ] >> Yeah. He's so funny with this [ __ ] >> President, why is the US intervenating >> President, why is the US intervenating >> President, why is the US intervenating to support a And yet at this time to support a And yet at this time to support a And yet at this time >> to support >> to support >> to support >> to support the Japanese currency >> to support the Japanese currency >> to support the Japanese currency >> uh because we have a good relationship >> uh because we have a good relationship >> uh because we have a good relationship with Japan with Japan with Japan >> we're very strong very very strong >> we're very strong very very strong >> we're very strong very very strong financially financially financially >> and they are you know they have a >> and they are you know they have a >> and they are you know they have a weakening yen and they wanted a little weakening yen and they wanted a little weakening yen and they wanted a little bit of help and we're always there for bit of help and we're always there for bit of help and we're always there for Japan. Japan's been very good to us with Japan. Japan's been very good to us with Japan. Japan's been very good to us with the exception of course of Pearl Harbor. the exception of course of Pearl Harbor. the exception of course of Pearl Harbor. >> They were not good. [laughter] >> They were not good. [laughter] >> They were not good. [laughter] He's always got like some mental. Look, He's always got like some mental. Look, He's always got like some mental. Look, I get it. As somebody who talks into a I get it. As somebody who talks into a I get it. As somebody who talks into a camera for a living, you do have these camera for a living, you do have these camera for a living, you do have these webs of connections, but the way that he webs of connections, but the way that he webs of connections, but the way that he will bring them up over and over and will bring them up over and over and will bring them up over and over and over is amusing. over is amusing. over is amusing. >> Um, again, with the Argentina thing, it >> Um, again, with the Argentina thing, it >> Um, again, with the Argentina thing, it was a $20 million credit line. They was a $20 million credit line. They was a $20 million credit line. They ended up only borrowing 2.5 billion. ended up only borrowing 2.5 billion. ended up only borrowing 2.5 billion. They paid it back with interest. US made They paid it back with interest. US made They paid it back with interest. US made millions. It was millions. It was millions. It was >> clean slate, like books made. >> clean slate, like books made. >> clean slate, like books made. >> With this situation, you seem a bit more >> With this situation, you seem a bit more >> With this situation, you seem a bit more apprehensive. Is it because the nature apprehensive. Is it because the nature apprehensive. Is it because the nature of Japan or are you trying to get us to of Japan or are you trying to get us to of Japan or are you trying to get us to get off of the narcotic of the Japanese get off of the narcotic of the Japanese get off of the narcotic of the Japanese car yen carry? car yen carry? car yen carry? >> Well, so it's probably good to be a >> Well, so it's probably good to be a >> Well, so it's probably good to be a little bit skeptical of what we did in little bit skeptical of what we did in little bit skeptical of what we did in Argentina. My read of Argentina goes Argentina. My read of Argentina goes Argentina. My read of Argentina goes like this. Um, China has made massive like this. Um, China has made massive like this. Um, China has made massive inroads into South America. We cannot inroads into South America. We cannot inroads into South America. We cannot have that. We are almost certainly going have that. We are almost certainly going have that. We are almost certainly going to be a regional hegeimon, not a global to be a regional hegeimon, not a global to be a regional hegeimon, not a global hegeimon. China's going to have their hegeimon. China's going to have their hegeimon. China's going to have their thing. Uh, so we've got to in Asia, we thing. Uh, so we've got to in Asia, we thing. Uh, so we've got to in Asia, we need to shore up everything in our need to shore up everything in our need to shore up everything in our hemisphere. And that means we've got to hemisphere. And that means we've got to hemisphere. And that means we've got to have relationships with these countries. have relationships with these countries. have relationships with these countries. >> The US is looking at the um recent flip >> The US is looking at the um recent flip >> The US is looking at the um recent flip to the right uh of so many of these to the right uh of so many of these to the right uh of so many of these formerly hardleft countries. And so the formerly hardleft countries. And so the formerly hardleft countries. And so the the stalwart in the region is Argentina. the stalwart in the region is Argentina. the stalwart in the region is Argentina. I was talking about this in the video I was talking about this in the video I was talking about this in the video game realm uh on Friday where it's like game realm uh on Friday where it's like game realm uh on Friday where it's like you need something in your origin story you need something in your origin story you need something in your origin story in your national identity to point back in your national identity to point back in your national identity to point back to and say we've got to go back to being to and say we've got to go back to being to and say we've got to go back to being the real Argentina. And the real the real Argentina. And the real the real Argentina. And the real Argentina was a competitor for Argentina was a competitor for Argentina was a competitor for opportunity with the US back in I think opportunity with the US back in I think opportunity with the US back in I think the 20s. So in the 20s if memory serves the 20s. So in the 20s if memory serves the 20s. So in the 20s if memory serves was when more immigrants the world over was when more immigrants the world over was when more immigrants the world over wanted to go to Argentina than they wanted to go to Argentina than they wanted to go to Argentina than they wanted to go to the US because there wanted to go to the US because there wanted to go to the US because there were just more opportunities in were just more opportunities in were just more opportunities in Argentina. Think about that. Mhm. Argentina. Think about that. Mhm. Argentina. Think about that. Mhm. >> So now we have this postw World War II >> So now we have this postw World War II >> So now we have this postw World War II mental model of everybody in the world's mental model of everybody in the world's mental model of everybody in the world's trying to get to the US. But that wasn't trying to get to the US. But that wasn't trying to get to the US. But that wasn't the case as early as the 1920s. And so the case as early as the 1920s. And so the case as early as the 1920s. And so just a little over a hundred years ago, just a little over a hundred years ago, just a little over a hundred years ago, Argentina was this insane economic Argentina was this insane economic Argentina was this insane economic powerhouse. And by going to the left, powerhouse. And by going to the left, powerhouse. And by going to the left, they broke the engine of prosperity. And they broke the engine of prosperity. And they broke the engine of prosperity. And this is the kind of thing that I talk this is the kind of thing that I talk this is the kind of thing that I talk about all the time. If you don't about all the time. If you don't about all the time. If you don't understand the actual mechanisms of the understand the actual mechanisms of the understand the actual mechanisms of the engine of prosperity, you break it, it engine of prosperity, you break it, it engine of prosperity, you break it, it goes away. And it goes away for a very goes away. And it goes away for a very goes away. And it goes away for a very long time. So I'm the US. I'm looking at long time. So I'm the US. I'm looking at long time. So I'm the US. I'm looking at people going now more towards the right people going now more towards the right people going now more towards the right because they're tired of being because they're tired of being because they're tired of being impoverished and they see Argentina impoverished and they see Argentina impoverished and they see Argentina elect Malay who's like the most elect Malay who's like the most elect Malay who's like the most libertarian guy ever and they're like libertarian guy ever and they're like libertarian guy ever and they're like cool we're going to use him as a success cool we're going to use him as a success cool we're going to use him as a success story to get more people who are going story to get more people who are going story to get more people who are going to the right to adopt his principles to to the right to adopt his principles to to the right to adopt his principles to become very US aligned because Malay is become very US aligned because Malay is become very US aligned because Malay is very US aligned so we get all of South very US aligned so we get all of South very US aligned so we get all of South America not through coercion not by America not through coercion not by America not through coercion not by [ __ ] them up with the IMF or anything [ __ ] them up with the IMF or anything [ __ ] them up with the IMF or anything like that but just like good sound like that but just like good sound like that but just like good sound economic principles getting them back economic principles getting them back economic principles getting them back into capitalism. That will allow us to into capitalism. That will allow us to into capitalism. That will allow us to eject China because these guys aren't eject China because these guys aren't eject China because these guys aren't starving and in need of a handout, which starving and in need of a handout, which starving and in need of a handout, which is exactly what China leverages. They is exactly what China leverages. They is exactly what China leverages. They come in and say, "Look, you guys have come in and say, "Look, you guys have come in and say, "Look, you guys have been unable to get anything going. We're been unable to get anything going. We're been unable to get anything going. We're going to do the Belt Road initiative. going to do the Belt Road initiative. going to do the Belt Road initiative. We're essentially going to lend you We're essentially going to lend you We're essentially going to lend you money for infrastructure and then you're money for infrastructure and then you're money for infrastructure and then you're going to pay us back the debt." They going to pay us back the debt." They going to pay us back the debt." They become debt slaves and China reaps the become debt slaves and China reaps the become debt slaves and China reaps the benefits. They can basically trade in. benefits. They can basically trade in. benefits. They can basically trade in. Oh, you can't pay. No big deal. Just Oh, you can't pay. No big deal. Just Oh, you can't pay. No big deal. Just give us more access to your political give us more access to your political give us more access to your political infrastructure, etc., etc. you become a infrastructure, etc., etc. you become a infrastructure, etc., etc. you become a vassal state of China. Okay, US vassal state of China. Okay, US vassal state of China. Okay, US obviously doesn't want that. But we obviously doesn't want that. But we obviously doesn't want that. But we either then have to become the sugar either then have to become the sugar either then have to become the sugar daddy or we need people that can stand daddy or we need people that can stand daddy or we need people that can stand up on their own. So I look at the up on their own. So I look at the up on their own. So I look at the intervention as a way of going, okay, we intervention as a way of going, okay, we intervention as a way of going, okay, we believe your policies are directionally believe your policies are directionally believe your policies are directionally correct, but it is very hard to pull out correct, but it is very hard to pull out correct, but it is very hard to pull out of a socialist tail spin. And so as you of a socialist tail spin. And so as you of a socialist tail spin. And so as you fight the good fight, we're going to fight the good fight, we're going to fight the good fight, we're going to loan you some money, which they made loan you some money, which they made loan you some money, which they made money off in the short term, but long money off in the short term, but long money off in the short term, but long term it it's still a question mark. I'm term it it's still a question mark. I'm term it it's still a question mark. I'm still not 100% sure that Malay, even still not 100% sure that Malay, even still not 100% sure that Malay, even though I do agree, that his policies are though I do agree, that his policies are though I do agree, that his policies are directionally correct. You don't have an directionally correct. You don't have an directionally correct. You don't have an entire country like, "Yay, Malay, let's entire country like, "Yay, Malay, let's entire country like, "Yay, Malay, let's go. Let's just get behind this go. Let's just get behind this go. Let's just get behind this austerity, all that. It's the right austerity, all that. It's the right austerity, all that. It's the right thing." So, you're a divided nation thing." So, you're a divided nation thing." So, you're a divided nation who's had 100 plus years of socialist who's had 100 plus years of socialist who's had 100 plus years of socialist indoctrination. Not everybody wants to indoctrination. Not everybody wants to indoctrination. Not everybody wants to sing for their supper. Not everybody sing for their supper. Not everybody sing for their supper. Not everybody wants to fight hard and take personal wants to fight hard and take personal wants to fight hard and take personal responsibility and do all the right responsibility and do all the right responsibility and do all the right leaning things. So, that's going to be a leaning things. So, that's going to be a leaning things. So, that's going to be a challenge. the US is going to go in, challenge. the US is going to go in, challenge. the US is going to go in, help them, and you could take a similar help them, and you could take a similar help them, and you could take a similar um read on it and say they're propping um read on it and say they're propping um read on it and say they're propping them up. It's not working naturally of them up. It's not working naturally of them up. It's not working naturally of its own accord. And so it it is a its own accord. And so it it is a its own accord. And so it it is a question mark. We'll see if it ends up question mark. We'll see if it ends up question mark. We'll see if it ends up working in the final analysis or not working in the final analysis or not working in the final analysis or not because I want to see them get back on because I want to see them get back on because I want to see them get back on their feet. I'm for it, but I'm I'm um their feet. I'm for it, but I'm I'm um their feet. I'm for it, but I'm I'm um what do they call this? Intellectually what do they call this? Intellectually what do they call this? Intellectually honest about the fact that this is them honest about the fact that this is them honest about the fact that this is them intervening in their currency. So take intervening in their currency. So take intervening in their currency. So take that for what it's worth. Okay, now you that for what it's worth. Okay, now you that for what it's worth. Okay, now you go to the Japan thing. The Japan thing, go to the Japan thing. The Japan thing, go to the Japan thing. The Japan thing, man, is just so systemic. But because I man, is just so systemic. But because I man, is just so systemic. But because I really want to see the entire globe get really want to see the entire globe get really want to see the entire globe get back to something that looks more like back to something that looks more like back to something that looks more like sound sound [clears throat] money. I sound sound [clears throat] money. I sound sound [clears throat] money. I don't love that we're continuing to don't love that we're continuing to don't love that we're continuing to create this arbitrage for a economy that create this arbitrage for a economy that create this arbitrage for a economy that is broken that learned the wrong lesson is broken that learned the wrong lesson is broken that learned the wrong lesson from their um the bursting of their real from their um the bursting of their real from their um the bursting of their real estate bubble. What we need to do is get estate bubble. What we need to do is get estate bubble. What we need to do is get Japan back on the innovation train. get Japan back on the innovation train. get Japan back on the innovation train. get them innovating, get them growing again. them innovating, get them growing again. them innovating, get them growing again. And if we can do that, now we've got And if we can do that, now we've got And if we can do that, now we've got something incredible. But if we're just something incredible. But if we're just something incredible. But if we're just like, "No, listen. I need you to remain like, "No, listen. I need you to remain like, "No, listen. I need you to remain a supplicant. I need you to keep your um a supplicant. I need you to keep your um a supplicant. I need you to keep your um interest rates really low so that we can interest rates really low so that we can interest rates really low so that we can keep getting global liquidity. You're keep getting global liquidity. You're keep getting global liquidity. You're going to need to keep a cap on people going to need to keep a cap on people going to need to keep a cap on people who now want raises and [ __ ] We can't who now want raises and [ __ ] We can't who now want raises and [ __ ] We can't have that." And it's just it's being have that." And it's just it's being have that." And it's just it's being dishonest about what we actually did to dishonest about what we actually did to dishonest about what we actually did to break this. And as a reminder, and no, I break this. And as a reminder, and no, I break this. And as a reminder, and no, I was not one of those people that saw um was not one of those people that saw um was not one of those people that saw um COVID clearly. I'm one of those people COVID clearly. I'm one of those people COVID clearly. I'm one of those people that looking back on it now though is that looking back on it now though is that looking back on it now though is updating my mental model and going you updating my mental model and going you updating my mental model and going you can't let the government grab a hold of can't let the government grab a hold of can't let the government grab a hold of power like that. You can't do it. And so power like that. You can't do it. And so power like that. You can't do it. And so now looking at what the outcome of all now looking at what the outcome of all now looking at what the outcome of all that was very clear to me that when you that was very clear to me that when you that was very clear to me that when you say this thing is so dangerous say this thing is so dangerous say this thing is so dangerous authoritarian tendencies come into play. authoritarian tendencies come into play. authoritarian tendencies come into play. People break the global economy as if People break the global economy as if People break the global economy as if it's no big deal. Uh print money to high it's no big deal. Uh print money to high it's no big deal. Uh print money to high heaven is as if it's no big deal. And heaven is as if it's no big deal. And heaven is as if it's no big deal. And now all of these economic consequences, now all of these economic consequences, now all of these economic consequences, they are specifically because of not they are specifically because of not they are specifically because of not exclusively. We were making bad choices exclusively. We were making bad choices exclusively. We were making bad choices before, but we could have gotten away before, but we could have gotten away before, but we could have gotten away with it if it wasn't for you pesky kids with it if it wasn't for you pesky kids with it if it wasn't for you pesky kids who closed the economy. Now, because you who closed the economy. Now, because you who closed the economy. Now, because you close the economy, all of these problems close the economy, all of these problems close the economy, all of these problems come home to roost. And so this is like come home to roost. And so this is like come home to roost. And so this is like if you build your levies high enough, if you build your levies high enough, if you build your levies high enough, you can have whatever the fifth ward in you can have whatever the fifth ward in you can have whatever the fifth ward in New Orleans because even though it's New Orleans because even though it's New Orleans because even though it's under sea level, it's not a big deal. under sea level, it's not a big deal. under sea level, it's not a big deal. Your levies are great. But you can't Your levies are great. But you can't Your levies are great. But you can't both be under sea level and not take both be under sea level and not take both be under sea level and not take care of your levies. And so you stop care of your levies. And so you stop care of your levies. And so you stop taking care of the levies, they break, taking care of the levies, they break, taking care of the levies, they break, and now you look like gas clowns. And so and now you look like gas clowns. And so and now you look like gas clowns. And so same thing, we built something that was same thing, we built something that was same thing, we built something that was the equivalent, the financial equivalent the equivalent, the financial equivalent the equivalent, the financial equivalent of being below sea level. And then CO of being below sea level. And then CO of being below sea level. And then CO was that you didn't maintain your levies was that you didn't maintain your levies was that you didn't maintain your levies and now you're [ __ ] So we have to be and now you're [ __ ] So we have to be and now you're [ __ ] So we have to be honest that as a globe, we let honest that as a globe, we let honest that as a globe, we let authoritarians make an economically authoritarians make an economically authoritarians make an economically suicidal decision and now we're paying suicidal decision and now we're paying suicidal decision and now we're paying for it. We need to be honest about that. for it. We need to be honest about that. for it. We need to be honest about that. We need to get Japan back up on their We need to get Japan back up on their We need to get Japan back up on their feet. the you can't just tell Japan now feet. the you can't just tell Japan now feet. the you can't just tell Japan now economically suffer, become essentially economically suffer, become essentially economically suffer, become essentially a third world country. They can't get a third world country. They can't get a third world country. They can't get out from under um all of this debt and out from under um all of this debt and out from under um all of this debt and forever remain in a position where every forever remain in a position where every forever remain in a position where every sensible investor in your country will sensible investor in your country will sensible investor in your country will send money elsewhere. You can't be in send money elsewhere. You can't be in send money elsewhere. You can't be in that position. And so if the US is that position. And so if the US is that position. And so if the US is going, okay, listen, secretly Takahi, going, okay, listen, secretly Takahi, going, okay, listen, secretly Takahi, we got to we got to deflate this [ __ ] we got to we got to deflate this [ __ ] we got to we got to deflate this [ __ ] bubble. We got to get the carry trade bubble. We got to get the carry trade bubble. We got to get the carry trade unwound. we got to help you get Japan unwound. we got to help you get Japan unwound. we got to help you get Japan back in a position where people want to back in a position where people want to back in a position where people want to invest in Japan. You don't have to invest in Japan. You don't have to invest in Japan. You don't have to coersse them. You don't have to prop coersse them. You don't have to prop coersse them. You don't have to prop anything up. People are just like, anything up. People are just like, anything up. People are just like, "Yeah, you guys are a good place for "Yeah, you guys are a good place for "Yeah, you guys are a good place for capital. Um, so we're going to help you, capital. Um, so we're going to help you, capital. Um, so we're going to help you, but we got to move in that direction." but we got to move in that direction." but we got to move in that direction." That would be awesome. And I'd support That would be awesome. And I'd support That would be awesome. And I'd support that. That's way better than just like, that. That's way better than just like, that. That's way better than just like, "Fuck it. Let's see what happens." It it "Fuck it. Let's see what happens." It it "Fuck it. Let's see what happens." It it will be devastating globally. will be devastating globally. will be devastating globally. >> Uh, I don't think that's what they're >> Uh, I don't think that's what they're >> Uh, I don't think that's what they're doing. I think this is well as long as doing. I think this is well as long as doing. I think this is well as long as it's good for America and it will only it's good for America and it will only it's good for America and it will only be good for the top of the K and it will be good for the top of the K and it will be good for the top of the K and it will only be good in the short term. That's only be good in the short term. That's only be good in the short term. That's sort of true. By protecting the top of sort of true. By protecting the top of sort of true. By protecting the top of the K, you protect jobs, but uh it's not the K, you protect jobs, but uh it's not the K, you protect jobs, but uh it's not sustainable. You've got to let Japan sustainable. You've got to let Japan sustainable. You've got to let Japan become a real economy. become a real economy. become a real economy. >> So, is this one of those situations? >> So, is this one of those situations? >> So, is this one of those situations? There's a couple things in there. I want There's a couple things in there. I want There's a couple things in there. I want I want to drill into the co thing I want to drill into the co thing I want to drill into the co thing because I think we're getting like a because I think we're getting like a because I think we're getting like a renewed sense of like revisionist renewed sense of like revisionist renewed sense of like revisionist history with it and I want to like dive history with it and I want to like dive history with it and I want to like dive into that. But first with the co with into that. But first with the co with into that. But first with the co with the Japanese thing to kind of wrap it the Japanese thing to kind of wrap it the Japanese thing to kind of wrap it up. Is this one of those moments we up. Is this one of those moments we up. Is this one of those moments we should have let them fail and let them should have let them fail and let them should have let them fail and let them figure it out? Go to the al like I'm figure it out? Go to the al like I'm figure it out? Go to the al like I'm trying to think what level of trying to think what level of trying to think what level of intervention is necessary to make them a intervention is necessary to make them a intervention is necessary to make them a real economy while also not just I guess real economy while also not just I guess real economy while also not just I guess subsidizing their transition. Basically, subsidizing their transition. Basically, subsidizing their transition. Basically, you need to take the next 10 years and you need to take the next 10 years and you need to take the next 10 years and kill off all their zombie companies by kill off all their zombie companies by kill off all their zombie companies by slowly raising interest rates uh and slowly raising interest rates uh and slowly raising interest rates uh and making sure that good companies come to making sure that good companies come to making sure that good companies come to the four in Japan so that people want to the four in Japan so that people want to the four in Japan so that people want to invest in those companies so that money invest in those companies so that money invest in those companies so that money can actually get a return in Japan in can actually get a return in Japan in can actually get a return in Japan in yen. Once you have companies making yen. Once you have companies making yen. Once you have companies making return in Japan in yen, then when you um return in Japan in yen, then when you um return in Japan in yen, then when you um are basically trying to keep the yen are basically trying to keep the yen are basically trying to keep the yen stable or make it stronger that now stable or make it stronger that now stable or make it stronger that now you're in a position where um the reason you're in a position where um the reason you're in a position where um the reason it's strong is because the money isn't it's strong is because the money isn't it's strong is because the money isn't fleeing the country. And right now the fleeing the country. And right now the fleeing the country. And right now the Japanese economy is weak and they're Japanese economy is weak and they're Japanese economy is weak and they're trying to disguise the risk by propping trying to disguise the risk by propping trying to disguise the risk by propping up the yen. But the yen is merely a up the yen. But the yen is merely a up the yen. But the yen is merely a signal that the Japanese economy is signal that the Japanese economy is signal that the Japanese economy is weak. And so if you have a headache weak. And so if you have a headache weak. And so if you have a headache because you have a brain tumor and you because you have a brain tumor and you because you have a brain tumor and you give somebody um Advil and the headache give somebody um Advil and the headache give somebody um Advil and the headache goes away, but you are masking the fact goes away, but you are masking the fact goes away, but you are masking the fact that the longer you leave the brain that the longer you leave the brain that the longer you leave the brain tumor untreated, the more likely you are tumor untreated, the more likely you are tumor untreated, the more likely you are to die. So you you're going to have to to die. So you you're going to have to to die. So you you're going to have to do chemo and it is going to be do chemo and it is going to be do chemo and it is going to be disruptive, but it's 10 years of disruptive, but it's 10 years of disruptive, but it's 10 years of disruption versus forever essentially disruption versus forever essentially disruption versus forever essentially being a vassal state of the US and your being a vassal state of the US and your being a vassal state of the US and your debt. It's like this weird hybrid. So um debt. It's like this weird hybrid. So um debt. It's like this weird hybrid. So um that I don't want them to just say oh that I don't want them to just say oh that I don't want them to just say oh fail because they are too globally fail because they are too globally fail because they are too globally important but you do have to make them a important but you do have to make them a important but you do have to make them a strong economy and to make them a strong strong economy and to make them a strong strong economy and to make them a strong economy it's like a slow failure. You it economy it's like a slow failure. You it economy it's like a slow failure. You it it is you want here's the fantasy for it is you want here's the fantasy for it is you want here's the fantasy for every company that dies. They're every company that dies. They're every company that dies. They're replaced by a new vital company. The replaced by a new vital company. The replaced by a new vital company. The question is how do you stop it from question is how do you stop it from question is how do you stop it from being a contagion? I certainly don't being a contagion? I certainly don't being a contagion? I certainly don't have the answer. It won't be easy, but have the answer. It won't be easy, but have the answer. It won't be easy, but it will be things like intervene to buy it will be things like intervene to buy it will be things like intervene to buy yourself time, but you've got to like yourself time, but you've got to like yourself time, but you've got to like >> you've got to signal that >> you've got to signal that >> you've got to signal that >> that people have got to get out of this >> that people have got to get out of this >> that people have got to get out of this trade in an orderly fashion. But it's trade in an orderly fashion. But it's trade in an orderly fashion. But it's one of those the second you say we're in one of those the second you say we're in one of those the second you say we're in distress, the dollars leave. So, I don't distress, the dollars leave. So, I don't distress, the dollars leave. So, I don't know. I I don't know how you actually know. I I don't know how you actually know. I I don't know how you actually pull it off. I just know what you have pull it off. I just know what you have pull it off. I just know what you have to accomplish. And you have to to accomplish. And you have to to accomplish. And you have to accomplish a growing economy, which accomplish a growing economy, which accomplish a growing economy, which means that the companies that are means that the companies that are means that the companies that are sucking up the intelligence and the sucking up the intelligence and the sucking up the intelligence and the labor cannot be zombie companies that labor cannot be zombie companies that labor cannot be zombie companies that aren't doing anything innovative and aren't doing anything innovative and aren't doing anything innovative and that have basically promised people jobs that have basically promised people jobs that have basically promised people jobs for life. It doesn't work. I know it for life. It doesn't work. I know it for life. It doesn't work. I know it feels good and I know people on the left feels good and I know people on the left feels good and I know people on the left love it the most, but the love it the most, but the love it the most, but the [clears throat] reality is if somebody [clears throat] reality is if somebody [clears throat] reality is if somebody doesn't have to kill themselves to earn doesn't have to kill themselves to earn doesn't have to kill themselves to earn their slot, if somebody isn't constantly their slot, if somebody isn't constantly their slot, if somebody isn't constantly under threat by the next young kid under threat by the next young kid under threat by the next young kid coming up, I mean, here's the hard coming up, I mean, here's the hard coming up, I mean, here's the hard reality. Hey 50-year-olds, I'm one of reality. Hey 50-year-olds, I'm one of reality. Hey 50-year-olds, I'm one of you. The young people should be coming you. The young people should be coming you. The young people should be coming for you for you for you >> and you should have to outperform to >> and you should have to outperform to >> and you should have to outperform to keep your slot and it should be harder keep your slot and it should be harder keep your slot and it should be harder every day. every day. every day. And so you better be ready. You better And so you better be ready. You better And so you better be ready. You better be ready for the fact that one day you be ready for the fact that one day you be ready for the fact that one day you just can't hold them off anymore. And just can't hold them off anymore. And just can't hold them off anymore. And when you can't hold them off, you better when you can't hold them off, you better when you can't hold them off, you better have saved up enough that you can take have saved up enough that you can take have saved up enough that you can take care of yourself. I mean, it's just care of yourself. I mean, it's just care of yourself. I mean, it's just that's the reality. And that's how life that's the reality. And that's how life that's the reality. And that's how life worked literally forever because the worked literally forever because the worked literally forever because the world was so doggy dog. And now we've world was so doggy dog. And now we've world was so doggy dog. And now we've gotten in this position where we've gotten in this position where we've gotten in this position where we've created a false sense of security and created a false sense of security and created a false sense of security and Japan very specifically uh was in a Japan very specifically uh was in a Japan very specifically uh was in a hyper weakened state because of all hyper weakened state because of all hyper weakened state because of all this. this. this. >> There was just never an attack. And so >> There was just never an attack. And so >> There was just never an attack. And so it's like you can have a compromised it's like you can have a compromised it's like you can have a compromised immune system inside of a bubble, but immune system inside of a bubble, but immune system inside of a bubble, but the second you try to go out into the the second you try to go out into the the second you try to go out into the real world, you get hit. And that's when real world, you get hit. And that's when real world, you get hit. And that's when you realize, oh [ __ ] it would have been you realize, oh [ __ ] it would have been you realize, oh [ __ ] it would have been a much better strategy to have a strong a much better strategy to have a strong a much better strategy to have a strong immune system. immune system. immune system. >> Yeah. Uh okay. I want to touch on CO >> Yeah. Uh okay. I want to touch on CO >> Yeah. Uh okay. I want to touch on CO really quick. Um because with the Fouchy really quick. Um because with the Fouchy really quick. Um because with the Fouchy uh trial, him pleading the fifth, we uh trial, him pleading the fifth, we uh trial, him pleading the fifth, we didn't get the answers that we wanted. didn't get the answers that we wanted. didn't get the answers that we wanted. And with that, a lot of people have now And with that, a lot of people have now And with that, a lot of people have now kind of created narratives around CO. So kind of created narratives around CO. So kind of created narratives around CO. So you said like we did a bunch of things you said like we did a bunch of things you said like we did a bunch of things that CO ruined us. Is your thing that CO ruined us. Is your thing that CO ruined us. Is your thing specifically the economic money specifically the economic money specifically the economic money printing, the lockdowns? Uh, how do you printing, the lockdowns? Uh, how do you printing, the lockdowns? Uh, how do you rectify the balance of we had to save rectify the balance of we had to save rectify the balance of we had to save people versus we had to save like money, people versus we had to save like money, people versus we had to save like money, you know, like what what was how are you you know, like what what was how are you you know, like what what was how are you now looking at that in hindsight? >> The thing that protects lives more than >> The thing that protects lives more than anything anything anything >> is strong economies globally. >> is strong economies globally. >> is strong economies globally. >> Um, stability globally. >> Um, stability globally. >> Um, stability globally. If you have a disease that is killing If you have a disease that is killing If you have a disease that is killing people, people, people, you're going to have to let people make you're going to have to let people make you're going to have to let people make their own decisions. their own decisions. their own decisions. >> Mhm. >> Mhm. >> Mhm. >> And that way you are diversifying the >> And that way you are diversifying the >> And that way you are diversifying the response. response. response. Some people will shut down. So like I Some people will shut down. So like I Some people will shut down. So like I don't regret the way that Impact Theory don't regret the way that Impact Theory don't regret the way that Impact Theory handled it. So what we did because we're handled it. So what we did because we're handled it. So what we did because we're an information company, right? Because an information company, right? Because an information company, right? Because we're a media company. So we're not we're a media company. So we're not we're a media company. So we're not shipping widgets. So we don't have a shipping widgets. So we don't have a shipping widgets. So we don't have a factory. Now, I would have had to make factory. Now, I would have had to make factory. Now, I would have had to make very different decisions if I request. very different decisions if I request. very different decisions if I request. If I request and I need people showing If I request and I need people showing If I request and I need people showing up, I would say, "You got to show up. up, I would say, "You got to show up. up, I would say, "You got to show up. You got to work. We got to ship a You got to work. We got to ship a You got to work. We got to ship a product." Um, and at impact theory, I product." Um, and at impact theory, I product." Um, and at impact theory, I could say, "Hey, everybody, work from could say, "Hey, everybody, work from could say, "Hey, everybody, work from home. I don't know what this is going to home. I don't know what this is going to home. I don't know what this is going to be. Let maximize safety. Go home." And be. Let maximize safety. Go home." And be. Let maximize safety. Go home." And in doing that, I made a decision. We see in doing that, I made a decision. We see in doing that, I made a decision. We see if that ends up working or not. And if if that ends up working or not. And if if that ends up working or not. And if it doesn't, we go out of business. It is it doesn't, we go out of business. It is it doesn't, we go out of business. It is what it is. If I'm a gym, let's say, and what it is. If I'm a gym, let's say, and what it is. If I'm a gym, let's say, and the government forces me to close. Now, the government forces me to close. Now, the government forces me to close. Now, I go out of business not because of a I go out of business not because of a I go out of business not because of a decision that I made. I go out of decision that I made. I go out of decision that I made. I go out of business because of decision they made. business because of decision they made. business because of decision they made. That that we can never abide again. No That that we can never abide again. No That that we can never abide again. No way. So, let's say that you've got a way. So, let's say that you've got a way. So, let's say that you've got a virus and it's killing 30% of the people virus and it's killing 30% of the people virus and it's killing 30% of the people that it touches. That's catastrophic. that it touches. That's catastrophic. that it touches. That's catastrophic. Now, now you're in full panic mode. Now, now you're in full panic mode. Now, now you're in full panic mode. Everybody needs to be like super Everybody needs to be like super Everybody needs to be like super paranoid. And I would expect people to paranoid. And I would expect people to paranoid. And I would expect people to make rational decisions and say, "I'm make rational decisions and say, "I'm make rational decisions and say, "I'm going to close just because it's too going to close just because it's too going to close just because it's too [ __ ] dangerous for me to go out." But [ __ ] dangerous for me to go out." But [ __ ] dangerous for me to go out." But I still don't think it should be an I still don't think it should be an I still don't think it should be an authoritarian top- down decision because authoritarian top- down decision because authoritarian top- down decision because they are unlikely to um do anything they are unlikely to um do anything they are unlikely to um do anything other than propagandize. Uh do what's in other than propagandize. Uh do what's in other than propagandize. Uh do what's in their short-term best interest in terms their short-term best interest in terms their short-term best interest in terms of staying in power. I watched it of staying in power. I watched it of staying in power. I watched it happen, so I know that's what people do. happen, so I know that's what people do. happen, so I know that's what people do. Uh they will disguise whose fault it is. Uh they will disguise whose fault it is. Uh they will disguise whose fault it is. They won't want to talk about it. It's They won't want to talk about it. It's They won't want to talk about it. It's all crazy. It's all a power grab. Uh you all crazy. It's all a power grab. Uh you all crazy. It's all a power grab. Uh you centralize control at the very moment centralize control at the very moment centralize control at the very moment where people should be making more where people should be making more where people should be making more decentralized decisions. And this is decentralized decisions. And this is decentralized decisions. And this is where you go, okay, we're going to let where you go, okay, we're going to let where you go, okay, we're going to let freedom reign here. freedom reign here. freedom reign here. Um, so that's how I would look back on Um, so that's how I would look back on Um, so that's how I would look back on this and um say I was like, "Yeah, [ __ ] this and um say I was like, "Yeah, [ __ ] this and um say I was like, "Yeah, [ __ ] man. We don't know how bad this is going man. We don't know how bad this is going man. We don't know how bad this is going to get. I understand that people are to get. I understand that people are to get. I understand that people are going to die." And so I was just like, going to die." And so I was just like, going to die." And so I was just like, "Yo, like this makes sense to me. Shut "Yo, like this makes sense to me. Shut "Yo, like this makes sense to me. Shut down as much as you can." I had no sense down as much as you can." I had no sense down as much as you can." I had no sense of how catastrophic this would be. I of how catastrophic this would be. I of how catastrophic this would be. I didn't understand inflation yet. I didn't understand inflation yet. I didn't understand inflation yet. I thought inflation was a law of nature. I thought inflation was a law of nature. I thought inflation was a law of nature. I didn't understand money printing. I didn't understand money printing. I didn't understand money printing. I didn't even realize that we were didn't even realize that we were didn't even realize that we were printing money. So it was like throwing printing money. So it was like throwing printing money. So it was like throwing but thinking how recent that was and how but thinking how recent that was and how but thinking how recent that was and how little I understood the economy. That is little I understood the economy. That is little I understood the economy. That is one of the things that makes me one of the things that makes me one of the things that makes me hopeless. I'm like, I'm a relatively hopeless. I'm like, I'm a relatively hopeless. I'm like, I'm a relatively smart guy. I knew how to make money smart guy. I knew how to make money smart guy. I knew how to make money handover fist, but I didn't understand handover fist, but I didn't understand handover fist, but I didn't understand investing and I certainly didn't investing and I certainly didn't investing and I certainly didn't understand like economics. And so it's understand like economics. And so it's understand like economics. And so it's like, god damn, you can have smart like, god damn, you can have smart like, god damn, you can have smart people that legitimately just don't people that legitimately just don't people that legitimately just don't understand the mechanisms. And so they understand the mechanisms. And so they understand the mechanisms. And so they don't understand what they're breaking. don't understand what they're breaking. don't understand what they're breaking. So this is why given that I don't trust So this is why given that I don't trust So this is why given that I don't trust politicians to understand the politicians to understand the politicians to understand the mechanisms, I don't trust them to make a mechanisms, I don't trust them to make a mechanisms, I don't trust them to make a centralized decision. And that's my big centralized decision. And that's my big centralized decision. And that's my big thing. You've got to decentralize that. thing. You've got to decentralize that. thing. You've got to decentralize that. >> Got it. So it was the forcing of >> Got it. So it was the forcing of >> Got it. So it was the forcing of businesses to be closed. In a perfect businesses to be closed. In a perfect businesses to be closed. In a perfect world, the government would have said, world, the government would have said, world, the government would have said, "We recommend everybody stay home, but "We recommend everybody stay home, but "We recommend everybody stay home, but if you want to make that decision, make if you want to make that decision, make if you want to make that decision, make that decision." that decision." that decision." >> Yes. >> Yes. >> Yes. >> And then at the point, I don't know what >> And then at the point, I don't know what >> And then at the point, I don't know what what the final totals is. Ryan, can you what the final totals is. Ryan, can you what the final totals is. Ryan, can you look this up what the final COVID deaths look this up what the final COVID deaths look this up what the final COVID deaths were in the US? were in the US? were in the US? >> Um, >> Um, >> Um, >> that number will >> that number will >> that number will >> You want the world? >> You want the world? >> You want the world? >> Almost no matter what you see, >> Almost no matter what you see, >> Almost no matter what you see, >> it'll be fake. >> it'll be fake. >> it'll be fake. >> It will be fake. Yeah. >> It will be fake. Yeah. >> It will be fake. Yeah. >> Is there any number that you agree with? >> Is there any number that you agree with? >> Is there any number that you agree with? Um, I don't I haven't seen anybody do a Um, I don't I haven't seen anybody do a Um, I don't I haven't seen anybody do a truth and reconciliation on the way that truth and reconciliation on the way that truth and reconciliation on the way that we were tallying COVID deaths. I've only we were tallying COVID deaths. I've only we were tallying COVID deaths. I've only seen people point out that if you died seen people point out that if you died seen people point out that if you died in a motorcycle accident and you had in a motorcycle accident and you had in a motorcycle accident and you had COVID, that was called a COVID death. COVID, that was called a COVID death. COVID, that was called a COVID death. So, until somebody actually shows, hey, So, until somebody actually shows, hey, So, until somebody actually shows, hey, we know how to go through the records we know how to go through the records we know how to go through the records and readjust them, I'm never going to and readjust them, I'm never going to and readjust them, I'm never going to believe that total. But by all means, believe that total. But by all means, believe that total. But by all means, say what it is. I'm just saying people say what it is. I'm just saying people say what it is. I'm just saying people need to understand how much propaganda need to understand how much propaganda need to understand how much propaganda is already tied up in those numbers. So is already tied up in those numbers. So is already tied up in those numbers. So whatever they are, backwards looking whatever they are, backwards looking whatever they are, backwards looking numbers are probably not going to be numbers are probably not going to be numbers are probably not going to be super fruitful. What we're going to need super fruitful. What we're going to need super fruitful. What we're going to need is some sort of like researchbased what is some sort of like researchbased what is some sort of like researchbased what was the fatality uh rate of was the fatality uh rate of was the fatality uh rate of you got COVID, you were an isolated you got COVID, you were an isolated you got COVID, you were an isolated population, you your death was only uh population, you your death was only uh population, you your death was only uh marked if it was known COVID related marked if it was known COVID related marked if it was known COVID related complications. It's going to have to be complications. It's going to have to be complications. It's going to have to be something like that. Maybe that already something like that. Maybe that already something like that. Maybe that already exists. I certainly have never seen it. exists. I certainly have never seen it. exists. I certainly have never seen it. >> Yeah. Uh I have the death number. It's >> Yeah. Uh I have the death number. It's >> Yeah. Uh I have the death number. It's 1,231,440 >> in the US specific. >> in the US specific. >> In the US specifically. >> In the US specifically. >> In the US specifically. >> Um >> Um >> Um >> and the overall fatality rates switched >> and the overall fatality rates switched >> and the overall fatality rates switched a lot during the pandemic. But to put it a lot during the pandemic. But to put it a lot during the pandemic. But to put it short, they averaged between 1 to 3%. short, they averaged between 1 to 3%. short, they averaged between 1 to 3%. >> And that was early pandemic because >> And that was early pandemic because >> And that was early pandemic because obviously once the vaccine happened that obviously once the vaccine happened that obviously once the vaccine happened that drastically dropped. drastically dropped. drastically dropped. >> Well, also you get the virus itself >> Well, also you get the virus itself >> Well, also you get the virus itself evolves and it tends to evolve into a evolves and it tends to evolve into a evolves and it tends to evolve into a weaker state over time. weaker state over time. weaker state over time. >> Uh so it was going to get weaker no >> Uh so it was going to get weaker no >> Uh so it was going to get weaker no matter what. matter what. matter what. >> Yeah. Yeah, it just took a few years for >> Yeah. Yeah, it just took a few years for >> Yeah. Yeah, it just took a few years for it to get weaker. it to get weaker. it to get weaker. >> Um, okay. So, I guess there you when you >> Um, okay. So, I guess there you when you >> Um, okay. So, I guess there you when you first started, you said that the thing first started, you said that the thing first started, you said that the thing that saves people the longest is a that saves people the longest is a that saves people the longest is a wellthoughtout of economy. So, let's cut wellthoughtout of economy. So, let's cut wellthoughtout of economy. So, let's cut those numbers in half just to say that those numbers in half just to say that those numbers in half just to say that those are fake numbers. So, let's say those are fake numbers. So, let's say those are fake numbers. So, let's say 600,000 people die. 600,000 people die. 600,000 people die. >> I would say just take the hardest >> I would say just take the hardest >> I would say just take the hardest number. So, take the full 1.2, assume 3% number. So, take the full 1.2, assume 3% number. So, take the full 1.2, assume 3% death rate. Now, uh, even at those death rate. Now, uh, even at those death rate. Now, uh, even at those numbers, are we saying we should or numbers, are we saying we should or numbers, are we saying we should or shouldn't close? shouldn't close? shouldn't close? >> That I think I try to always make the >> That I think I try to always make the >> That I think I try to always make the question as hard as it can be. That's question as hard as it can be. That's question as hard as it can be. That's why when I talk about this, I talk about why when I talk about this, I talk about why when I talk about this, I talk about something where there's a 30% death something where there's a 30% death something where there's a 30% death rate. Now it's like, oh, there's no rate. Now it's like, oh, there's no rate. Now it's like, oh, there's no [ __ ] hiding. At 3% that's asinine. [ __ ] hiding. At 3% that's asinine. [ __ ] hiding. At 3% that's asinine. That's crazy. I can't believe we did it. That's crazy. I can't believe we did it. That's crazy. I can't believe we did it. Especially when you think about the Especially when you think about the Especially when you think about the people that were being impacted. It was people that were being impacted. It was people that were being impacted. It was the old and the obese. It's like, so the old and the obese. It's like, so the old and the obese. It's like, so only people that are already unhealthy only people that are already unhealthy only people that are already unhealthy and imunocmpromised are dying. It's and imunocmpromised are dying. It's and imunocmpromised are dying. It's like, okay, that's a [ __ ] tragedy. like, okay, that's a [ __ ] tragedy. like, okay, that's a [ __ ] tragedy. Yeah. Yeah. Yeah. >> Uh, every life lost and given my mom is >> Uh, every life lost and given my mom is >> Uh, every life lost and given my mom is in like old and obese, it's like I was in like old and obese, it's like I was in like old and obese, it's like I was hyper paranoid. hyper paranoid. hyper paranoid. >> But if I put myself in a difficult >> But if I put myself in a difficult >> But if I put myself in a difficult situation or someone in my family's in a situation or someone in my family's in a situation or someone in my family's in a difficult situation, you don't shut down difficult situation, you don't shut down difficult situation, you don't shut down the global economy. the global economy. the global economy. >> So that is where like if kids are dying >> So that is where like if kids are dying >> So that is where like if kids are dying now, I expect people to be way more now, I expect people to be way more now, I expect people to be way more paranoid. Uh, but even then, it's still paranoid. Uh, but even then, it's still paranoid. Uh, but even then, it's still going to be a grab for power. That's going to be a grab for power. That's going to be a grab for power. That's where you just go let people make their where you just go let people make their where you just go let people make their decisions. If people are like, I got to decisions. If people are like, I got to decisions. If people are like, I got to keep my kids home because I can't have keep my kids home because I can't have keep my kids home because I can't have them out in the world. Yeah, cool. them out in the world. Yeah, cool. them out in the world. Yeah, cool. Great. Got it. But don't make that a Great. Got it. But don't make that a Great. Got it. But don't make that a blanket policy where it's no longer that blanket policy where it's no longer that blanket policy where it's no longer that person gets to stay at home. It's person gets to stay at home. It's person gets to stay at home. It's everybody must stay at home. That's everybody must stay at home. That's everybody must stay at home. That's crazy. That's very different. crazy. That's very different. crazy. That's very different. >> Mhm. Uh, okay. That I thought we were >> Mhm. Uh, okay. That I thought we were >> Mhm. Uh, okay. That I thought we were going to go in a much different going to go in a much different going to go in a much different direction. Okay, that makes sense. I direction. Okay, that makes sense. I direction. Okay, that makes sense. I feel like I got the one statement I feel like I got the one statement I feel like I got the one statement I needed of just what was the blanket needed of just what was the blanket needed of just what was the blanket policy that should have been policy that should have been policy that should have been implemented. That was a change. Um, implemented. That was a change. Um, implemented. That was a change. Um, okay. okay. okay. We had the Elon Mustang that got We had the Elon Mustang that got We had the Elon Mustang that got community noted though. Um, it's community noted though. Um, it's community noted though. Um, it's actually old clip. We can still talk actually old clip. We can still talk actually old clip. We can still talk about it, but about it, but about it, but >> it got community noted. Uh what was the >> it got community noted. Uh what was the >> it got community noted. Uh what was the community note? community note? community note? >> This clip is over a year old. >> This clip is over a year old. >> This clip is over a year old. >> Yeah, but what the [ __ ] does that >> Yeah, but what the [ __ ] does that >> Yeah, but what the [ __ ] does that matter? Oh, got it. So um yes, that's matter? Oh, got it. So um yes, that's matter? Oh, got it. So um yes, that's why I said in my read that it's re going why I said in my read that it's re going why I said in my read that it's re going viral. So um the reason I find this so viral. So um the reason I find this so viral. So um the reason I find this so interesting is whenever you repost this, interesting is whenever you repost this, interesting is whenever you repost this, the odds that it goes viral are very the odds that it goes viral are very the odds that it goes viral are very high because it's forcing people to come high because it's forcing people to come high because it's forcing people to come to uh the question of are we going to to uh the question of are we going to to uh the question of are we going to augment ourselves or not. This is going augment ourselves or not. This is going augment ourselves or not. This is going to be one of the defining arguments of to be one of the defining arguments of to be one of the defining arguments of our time. And so um you're already our time. And so um you're already our time. And so um you're already seeing how people are reacting to AI. seeing how people are reacting to AI. seeing how people are reacting to AI. You're going to see them react to You're going to see them react to You're going to see them react to augmentation in a very similarly augmentation in a very similarly augmentation in a very similarly ferocious fashion. This is going to ferocious fashion. This is going to ferocious fashion. This is going to become a religious debate. But to become a religious debate. But to become a religious debate. But to understand what's actually playing out, understand what's actually playing out, understand what's actually playing out, Neurolink's blind sight implant uh is Neurolink's blind sight implant uh is Neurolink's blind sight implant uh is going to be something that allows people going to be something that allows people going to be something that allows people essentially to skip the way that the eye essentially to skip the way that the eye essentially to skip the way that the eye works now completely. So a camera is works now completely. So a camera is works now completely. So a camera is basically mounted on glasses that basically mounted on glasses that basically mounted on glasses that capture a scene. A processor then capture a scene. A processor then capture a scene. A processor then converts it. The signal goes to a chip converts it. The signal goes to a chip converts it. The signal goes to a chip that's embedded in the visual cortex of that's embedded in the visual cortex of that's embedded in the visual cortex of the human brain which fires electrical the human brain which fires electrical the human brain which fires electrical pulses at neurons. Each pulse produces pulses at neurons. Each pulse produces pulses at neurons. Each pulse produces um like this dot of light in the visual um like this dot of light in the visual um like this dot of light in the visual field. You put enough dots together and field. You put enough dots together and field. You put enough dots together and the brain assembles a picture. Okay. The the brain assembles a picture. Okay. The the brain assembles a picture. Okay. The thing that I want people to understand thing that I want people to understand thing that I want people to understand this stuff is already being worked on this stuff is already being worked on this stuff is already being worked on right now. We are already doing human right now. We are already doing human right now. We are already doing human brain computer interfaces. brain computer interfaces. brain computer interfaces. It is only going to accelerate as AI It is only going to accelerate as AI It is only going to accelerate as AI gets better. We're going to be able to gets better. We're going to be able to gets better. We're going to be able to better map the brain. We're going to be better map the brain. We're going to be better map the brain. We're going to be able to fasttrack the implementation of able to fasttrack the implementation of able to fasttrack the implementation of this stuff. It will all start with this stuff. It will all start with this stuff. It will all start with people that are blind. But what Elon people that are blind. But what Elon people that are blind. But what Elon says in the clip is that um we're going says in the clip is that um we're going says in the clip is that um we're going to be able to take people not with like, to be able to take people not with like, to be able to take people not with like, oh, they had sight for a while, but then oh, they had sight for a while, but then oh, they had sight for a while, but then they went blind. No, no, no. We'll be they went blind. No, no, no. We'll be they went blind. No, no, no. We'll be able to take people who have been blind able to take people who have been blind able to take people who have been blind since birth and we're going to be able since birth and we're going to be able since birth and we're going to be able to restore their sight. And what I'm to restore their sight. And what I'm to restore their sight. And what I'm trying to get people to contend with is trying to get people to contend with is trying to get people to contend with is you live in this era where there is a a you live in this era where there is a a you live in this era where there is a a large handful of things you're going to large handful of things you're going to large handful of things you're going to have to become aware of. Uh you're going have to become aware of. Uh you're going have to become aware of. Uh you're going to have to be aware of economics because to have to be aware of economics because to have to be aware of economics because the economic world order is changing. So the economic world order is changing. So the economic world order is changing. So we've got Brettonwoods 2.0 being talked we've got Brettonwoods 2.0 being talked we've got Brettonwoods 2.0 being talked about. Most people don't even know what about. Most people don't even know what about. Most people don't even know what Brettonwoods 1.0 is. They don't Brettonwoods 1.0 is. They don't Brettonwoods 1.0 is. They don't understand how it was changed in 1971. understand how it was changed in 1971. understand how it was changed in 1971. They don't know what Bretton Woods 2.0 They don't know what Bretton Woods 2.0 They don't know what Bretton Woods 2.0 would look like. They don't know about would look like. They don't know about would look like. They don't know about the uh petro dollar. Like all of that the uh petro dollar. Like all of that the uh petro dollar. Like all of that stuff is blind. you guys can't afford to stuff is blind. you guys can't afford to stuff is blind. you guys can't afford to be blind to it. Not because of the way be blind to it. Not because of the way be blind to it. Not because of the way that we have financialized our economy. that we have financialized our economy. that we have financialized our economy. If you're listening to me right now, you If you're listening to me right now, you If you're listening to me right now, you have to understand it, okay? Because have to understand it, okay? Because have to understand it, okay? Because you're going to have to make decisions you're going to have to make decisions you're going to have to make decisions based on that. AI is going to be one of based on that. AI is going to be one of based on that. AI is going to be one of the defining characteristics of our the defining characteristics of our the defining characteristics of our time. Um, Muslim immigration is going to time. Um, Muslim immigration is going to time. Um, Muslim immigration is going to be one of the defining characteristics be one of the defining characteristics be one of the defining characteristics of our time and augmentation is going to of our time and augmentation is going to of our time and augmentation is going to be one of the defining characterizations be one of the defining characterizations be one of the defining characterizations of our time. Radically extended life is of our time. Radically extended life is of our time. Radically extended life is going to be one of the defining debates going to be one of the defining debates going to be one of the defining debates of our time. So these five things and of our time. So these five things and of our time. So these five things and I'm sure there's a couple more that I'm I'm sure there's a couple more that I'm I'm sure there's a couple more that I'm forgetting right now that they are going forgetting right now that they are going forgetting right now that they are going to be something that everybody is going to be something that everybody is going to be something that everybody is going to have to think about what it means for to have to think about what it means for to have to think about what it means for their life, what they want it to be in their life, what they want it to be in their life, what they want it to be in terms of policy and to put that stuff terms of policy and to put that stuff terms of policy and to put that stuff forward. And also, can we just talk forward. And also, can we just talk forward. And also, can we just talk about needing to be excited? I forget about needing to be excited? I forget about needing to be excited? I forget what it was. I saw something this what it was. I saw something this what it was. I saw something this morning that I was like, "Oh [ __ ] I morning that I was like, "Oh [ __ ] I morning that I was like, "Oh [ __ ] I need to get back into mindset content. need to get back into mindset content. need to get back into mindset content. I've got to remind people of what how I've got to remind people of what how I've got to remind people of what how liberating and thrilling it is to be a liberating and thrilling it is to be a liberating and thrilling it is to be a hardcore motherfucker." Oh god, it was hardcore motherfucker." Oh god, it was hardcore motherfucker." Oh god, it was uh I I think I even pulled it that there uh I I think I even pulled it that there uh I I think I even pulled it that there is like an article that was written is like an article that was written is like an article that was written talking about um adult children have talking about um adult children have talking about um adult children have their parents help them negotiate salary their parents help them negotiate salary their parents help them negotiate salary raises that they will sit just off raises that they will sit just off raises that they will sit just off camera um to help them in like camera um to help them in like camera um to help them in like interviews and Zoom calls. And I was interviews and Zoom calls. And I was interviews and Zoom calls. And I was like what the [ __ ] the if my parents had like what the [ __ ] the if my parents had like what the [ __ ] the if my parents had tried to do that when I was a kid I tried to do that when I was a kid I tried to do that when I was a kid I would have meaning a young adult like in would have meaning a young adult like in would have meaning a young adult like in my 20s I would have had an absolute my 20s I would have had an absolute my 20s I would have had an absolute [ __ ] stroke. I was doing everything I [ __ ] stroke. I was doing everything I [ __ ] stroke. I was doing everything I could to get away from my parents. I could to get away from my parents. I could to get away from my parents. I remember being dropped off at college remember being dropped off at college remember being dropped off at college when I was 18 and being like, "I love when I was 18 and being like, "I love when I was 18 and being like, "I love you guys, but can you just leave now?" I you guys, but can you just leave now?" I you guys, but can you just leave now?" I I wanted to get on with my adult life. I I wanted to get on with my adult life. I I wanted to get on with my adult life. I wanted to be standing on my own two wanted to be standing on my own two wanted to be standing on my own two feet. And look, college was a transition feet. And look, college was a transition feet. And look, college was a transition period for me. My parents were very period for me. My parents were very period for me. My parents were very helpful. I never want to take that away helpful. I never want to take that away helpful. I never want to take that away from them. It was glorious and it was a from them. It was glorious and it was a from them. It was glorious and it was a great way to transition into adulthood. great way to transition into adulthood. great way to transition into adulthood. But by the time I was 22, everything was But by the time I was 22, everything was But by the time I was 22, everything was on my own. I, in fact, was sending money on my own. I, in fact, was sending money on my own. I, in fact, was sending money back to my mom who was going through a back to my mom who was going through a back to my mom who was going through a divorce. And so it was it was hard. divorce. And so it was it was hard. divorce. And so it was it was hard. There's no doubt about that. But it There's no doubt about that. But it There's no doubt about that. But it makes you become mentally resilient. And makes you become mentally resilient. And makes you become mentally resilient. And we we are creating real problems. If we we are creating real problems. If we we are creating real problems. If you're looking at your screen, you're you're looking at your screen, you're you're looking at your screen, you're showing this. Yeah. showing this. Yeah. showing this. Yeah. >> So the report was from the Wall Street >> So the report was from the Wall Street >> So the report was from the Wall Street Journal. The title anyway is helicopter Journal. The title anyway is helicopter Journal. The title anyway is helicopter parents are co-piloting their adult parents are co-piloting their adult parents are co-piloting their adult children's careers. Now I that needs to children's careers. Now I that needs to children's careers. Now I that needs to be read as an indictment. One of the be read as an indictment. One of the be read as an indictment. One of the reasons I didn't have kids, this is just reasons I didn't have kids, this is just reasons I didn't have kids, this is just pure confession, was I wasn't sure that pure confession, was I wasn't sure that pure confession, was I wasn't sure that I could put them through the hardship I could put them through the hardship I could put them through the hardship that I knew that they would need to be that I knew that they would need to be that I knew that they would need to be put through. I have the impulse to do put through. I have the impulse to do put through. I have the impulse to do that, to take care of them, to make the that, to take care of them, to make the that, to take care of them, to make the problems go away. And in my early days problems go away. And in my early days problems go away. And in my early days in mindset, which was never on camera, in mindset, which was never on camera, in mindset, which was never on camera, remember I spent like a decade doing remember I spent like a decade doing remember I spent like a decade doing mindset [ __ ] with my employees and just mindset [ __ ] with my employees and just mindset [ __ ] with my employees and just trying to help them. And you do realize trying to help them. And you do realize trying to help them. And you do realize very very quickly that oh the temptation very very quickly that oh the temptation very very quickly that oh the temptation is just to give them the answer because is just to give them the answer because is just to give them the answer because you'll try and try and try to get them you'll try and try and try to get them you'll try and try and try to get them to see something and you realize [ __ ] to see something and you realize [ __ ] to see something and you realize [ __ ] the only thing that's going to help them the only thing that's going to help them the only thing that's going to help them is for them to suffer and to get to a is for them to suffer and to get to a is for them to suffer and to get to a point where life hurts enough that they point where life hurts enough that they point where life hurts enough that they realize they have to make a change. And realize they have to make a change. And realize they have to make a change. And I was like damn I have this really I was like damn I have this really I was like damn I have this really strong impulse to just help people and strong impulse to just help people and strong impulse to just help people and just do it for them and to carry weight. just do it for them and to carry weight. just do it for them and to carry weight. And then finally I realized I can't want And then finally I realized I can't want And then finally I realized I can't want it for them. and my ability to help it for them. and my ability to help it for them. and my ability to help people is so finite that finally you people is so finite that finally you people is so finite that finally you just realize you you've got to let them just realize you you've got to let them just realize you you've got to let them do their own thing. And I was like, can do their own thing. And I was like, can do their own thing. And I was like, can I really do that with my own kids? So, I I really do that with my own kids? So, I I really do that with my own kids? So, I get it. I understand why parents do get it. I understand why parents do get it. I understand why parents do this. But the reality is you [ __ ] this. But the reality is you [ __ ] this. But the reality is you [ __ ] break your kids. You make them weak. You break your kids. You make them weak. You break your kids. You make them weak. You stop them from developing. That's the stop them from developing. That's the stop them from developing. That's the right way to think about it. So, you right way to think about it. So, you right way to think about it. So, you start putting all this stuff together start putting all this stuff together start putting all this stuff together and it's like we should want to be ultra and it's like we should want to be ultra and it's like we should want to be ultra hardcore. And when you nest this inside hardcore. And when you nest this inside hardcore. And when you nest this inside of where are we going as a society? Are of where are we going as a society? Are of where are we going as a society? Are we going to try to compete with AI? we going to try to compete with AI? we going to try to compete with AI? Because at some point AI is going to be Because at some point AI is going to be Because at some point AI is going to be better than us at everything unless better than us at everything unless better than us at everything unless we begin to augment ourselves. Now, I we begin to augment ourselves. Now, I we begin to augment ourselves. Now, I know this is going to be a religious know this is going to be a religious know this is going to be a religious debate and I know some people are going debate and I know some people are going debate and I know some people are going to take this uh and say there's no way to take this uh and say there's no way to take this uh and say there's no way over my dead body, all that. I'm not over my dead body, all that. I'm not over my dead body, all that. I'm not here to sway anybody. You make the here to sway anybody. You make the here to sway anybody. You make the decision that you're going to make. But decision that you're going to make. But decision that you're going to make. But we are all going to have to make that we are all going to have to make that we are all going to have to make that decision. I for one, while I will not be decision. I for one, while I will not be decision. I for one, while I will not be an early adopter of this technology, an early adopter of this technology, an early adopter of this technology, which I know will have safety concerns which I know will have safety concerns which I know will have safety concerns in the beginning, um, and unintended in the beginning, um, and unintended in the beginning, um, and unintended consequences, but yes, will I augment consequences, but yes, will I augment consequences, but yes, will I augment myself if it is safe? Absolutely. myself if it is safe? Absolutely. myself if it is safe? Absolutely. Uh, so anyway, this is something that I Uh, so anyway, this is something that I Uh, so anyway, this is something that I think people need to think through. So think people need to think through. So think people need to think through. So whether that video is a year old or not, whether that video is a year old or not, whether that video is a year old or not, that's such a weird uh response to that that's such a weird uh response to that that's such a weird uh response to that video. Um, it's going to be a question video. Um, it's going to be a question video. Um, it's going to be a question we are all going to have to look at we are all going to have to look at we are all going to have to look at nakedly. What does it mean to be a nakedly. What does it mean to be a nakedly. What does it mean to be a human? How far am I willing to push human? How far am I willing to push human? How far am I willing to push myself? Am I going to compete with AI or myself? Am I going to compete with AI or myself? Am I going to compete with AI or just move into the woods? It it is going just move into the woods? It it is going just move into the woods? It it is going to be an important question. to be an important question. to be an important question. >> You want to hit play on it then? So >> You want to hit play on it then? So >> You want to hit play on it then? So later later later >> in the next 6 to 12 months, we'll be >> in the next 6 to 12 months, we'll be >> in the next 6 to 12 months, we'll be doing our first implants for vision doing our first implants for vision doing our first implants for vision where even if somebody's completely where even if somebody's completely where even if somebody's completely blind, um we can write directly to um blind, um we can write directly to um blind, um we can write directly to um the uh the visual cortex the uh the visual cortex the uh the visual cortex >> long term. Keep in mind Elon Musk is >> long term. Keep in mind Elon Musk is >> long term. Keep in mind Elon Musk is always wrong with his time frame. So if always wrong with his time frame. So if always wrong with his time frame. So if he says 6 to 12 months, he really means he says 6 to 12 months, he really means he says 6 to 12 months, he really means 3 4 years something like that. or he may 3 4 years something like that. or he may 3 4 years something like that. or he may not mean it. I think he gets himself not mean it. I think he gets himself not mean it. I think he gets himself excited. Uh but it always takes longer. excited. Uh but it always takes longer. excited. Uh but it always takes longer. But keep in mind, everything he said But keep in mind, everything he said But keep in mind, everything he said he's going to do, he has done. he's going to do, he has done. he's going to do, he has done. >> You would have very high resolution and >> You would have very high resolution and >> You would have very high resolution and be able to see multisspectral be able to see multisspectral be able to see multisspectral wavelengths. You could see an infrared wavelengths. You could see an infrared wavelengths. You could see an infrared ultraviolet radar. It's like a ultraviolet radar. It's like a ultraviolet radar. It's like a superpower situation in the next. superpower situation in the next. superpower situation in the next. >> So that's going to be the question. Do >> So that's going to be the question. Do >> So that's going to be the question. Do people want their skill sets pushed or people want their skill sets pushed or people want their skill sets pushed or not? Um, yeah, I think a lot of people not? Um, yeah, I think a lot of people not? Um, yeah, I think a lot of people are going to reject this, but I think in are going to reject this, but I think in are going to reject this, but I think in the long run, anything any technology the long run, anything any technology the long run, anything any technology that promises an advantage will be that promises an advantage will be that promises an advantage will be developed and it will be deployed. So, developed and it will be deployed. So, developed and it will be deployed. So, um, yeah, this is a fascinating moment, um, yeah, this is a fascinating moment, um, yeah, this is a fascinating moment, man. man. man. >> Interesting. Um, okay, we got a couple >> Interesting. Um, okay, we got a couple >> Interesting. Um, okay, we got a couple good ones that I would love to cover. good ones that I would love to cover. good ones that I would love to cover. >> Let's go. >> Let's go. >> Let's go. >> Um, >> Um, >> Um, first off, uh, shout out to Spider-Man. first off, uh, shout out to Spider-Man. first off, uh, shout out to Spider-Man. It's doing numbers. This is a fun one, It's doing numbers. This is a fun one, It's doing numbers. This is a fun one, so I'll start here. Um, Spider-Man so I'll start here. Um, Spider-Man so I'll start here. Um, Spider-Man surpasses the Odyssey at the Globe box surpasses the Odyssey at the Globe box surpasses the Odyssey at the Globe box office in just four days. This is one of office in just four days. This is one of office in just four days. This is one of the craziest opening numbers. Like, I I the craziest opening numbers. Like, I I the craziest opening numbers. Like, I I think this is the most profitable AMC think this is the most profitable AMC think this is the most profitable AMC has been ever this weekend. Um, Ryan, has been ever this weekend. Um, Ryan, has been ever this weekend. Um, Ryan, you just sent me that. I did. you just sent me that. I did. you just sent me that. I did. >> Yeah. In 106 years of the company's >> Yeah. In 106 years of the company's >> Yeah. In 106 years of the company's history, this is the most money AMC's history, this is the most money AMC's history, this is the most money AMC's ever made in a weekend. ever made in a weekend. ever made in a weekend. >> Revenue or profit? Revenue. >> Revenue or profit? Revenue. >> Revenue or profit? Revenue. >> Yeah. >> Yeah. >> Yeah. >> Okay. Then it's like, okay, are we >> Okay. Then it's like, okay, are we >> Okay. Then it's like, okay, are we talking nominal? Are we talking talking nominal? Are we talking talking nominal? Are we talking adjusted? Uh but anyway, the it is adjusted? Uh but anyway, the it is adjusted? Uh but anyway, the it is extraordinarily exciting that we're on extraordinarily exciting that we're on extraordinarily exciting that we're on like this tear where movies are now like this tear where movies are now like this tear where movies are now actually making me want to reinvest uh actually making me want to reinvest uh actually making me want to reinvest uh in a way that I haven't emotionally in a in a way that I haven't emotionally in a in a way that I haven't emotionally in a very long time because film just felt very long time because film just felt very long time because film just felt dead. dead. dead. >> Yeah. 927 million in its debut weekend. >> Yeah. 927 million in its debut weekend. >> Yeah. 927 million in its debut weekend. >> That's global, right? >> That's global, right? >> That's global, right? >> That's global. Yeah. 67 Territories. >> That's global. Yeah. 67 Territories. >> That's global. Yeah. 67 Territories. >> That opening weekend, man. Opening >> That opening weekend, man. Opening >> That opening weekend, man. Opening weekend. That is incredible. So, uh, weekend. That is incredible. So, uh, weekend. That is incredible. So, uh, it's probably not going to be the it's probably not going to be the it's probably not going to be the highest grossing film of all time, but highest grossing film of all time, but highest grossing film of all time, but it's going to be in the top 10. I mean, it's going to be in the top 10. I mean, it's going to be in the top 10. I mean, this is like really something. Uh, that this is like really something. Uh, that this is like really something. Uh, that is really, really exciting for me. is really, really exciting for me. is really, really exciting for me. What's interesting about this is for a What's interesting about this is for a What's interesting about this is for a long time, we've been in a position long time, we've been in a position long time, we've been in a position where, um, a an actor could not open a where, um, a an actor could not open a where, um, a an actor could not open a film with the exception of Tom Cruz. And film with the exception of Tom Cruz. And film with the exception of Tom Cruz. And we're now seeing with backto back we're now seeing with backto back we're now seeing with backto back blockbusters having Tom Holland at or blockbusters having Tom Holland at or blockbusters having Tom Holland at or near the top of the ticket is pretty near the top of the ticket is pretty near the top of the ticket is pretty interesting. So, is this kid about to interesting. So, is this kid about to interesting. So, is this kid about to actually plant himself as a new actor actually plant himself as a new actor actually plant himself as a new actor that can actually open a film? Um, that that can actually open a film? Um, that that can actually open a film? Um, that would be incredible. Now, I think Nolan would be incredible. Now, I think Nolan would be incredible. Now, I think Nolan carries the weight more on the Odyssey carries the weight more on the Odyssey carries the weight more on the Odyssey than Holland does for sure. Uh, but the than Holland does for sure. Uh, but the than Holland does for sure. Uh, but the fact that he's able to get somebody like fact that he's able to get somebody like fact that he's able to get somebody like Holland to pick him to put him in the Holland to pick him to put him in the Holland to pick him to put him in the slot is very, very interesting. I'm slot is very, very interesting. I'm slot is very, very interesting. I'm super excited to see this. Uh, I haven't super excited to see this. Uh, I haven't super excited to see this. Uh, I haven't seen the movie yet, so I can't comment seen the movie yet, so I can't comment seen the movie yet, so I can't comment there, but it is very exciting to me there, but it is very exciting to me there, but it is very exciting to me that we're seeing this uptick in what's that we're seeing this uptick in what's that we're seeing this uptick in what's going on in the the world of film. Film going on in the the world of film. Film going on in the the world of film. Film is how we communicate our um our value is how we communicate our um our value is how we communicate our um our value system to each other. This is why for so system to each other. This is why for so system to each other. This is why for so long it was so critically important that long it was so critically important that long it was so critically important that America was the number one exporter of America was the number one exporter of America was the number one exporter of culture. It's not America in my culture. It's not America in my culture. It's not America in my estimation anymore. It's now Japan. I estimation anymore. It's now Japan. I estimation anymore. It's now Japan. I don't know if Japan has us on lock from don't know if Japan has us on lock from don't know if Japan has us on lock from a dollar's perspective but ooh between a dollar's perspective but ooh between a dollar's perspective but ooh between their influence on video games and just their influence on video games and just their influence on video games and just the actual style of storytelling and the actual style of storytelling and the actual style of storytelling and anime Pokemon like damn they are anime Pokemon like damn they are anime Pokemon like damn they are exporting culture in a massive way. Even exporting culture in a massive way. Even exporting culture in a massive way. Even like if you look at Chinese anime, it's like if you look at Chinese anime, it's like if you look at Chinese anime, it's all clearly aping either Korea or Japan. all clearly aping either Korea or Japan. all clearly aping either Korea or Japan. And Korea is aping Japan. So you've got And Korea is aping Japan. So you've got And Korea is aping Japan. So you've got China aping somebody either aping the China aping somebody either aping the China aping somebody either aping the source material directly or a once source material directly or a once source material directly or a once removed ape of the original source removed ape of the original source removed ape of the original source material. And even I as a creator was material. And even I as a creator was material. And even I as a creator was like, this was like seven or eight years like, this was like seven or eight years like, this was like seven or eight years ago, I went on an absolute tear. I was ago, I went on an absolute tear. I was ago, I went on an absolute tear. I was like, you can't make mythology right now like, you can't make mythology right now like, you can't make mythology right now without understanding Japanese style without understanding Japanese style without understanding Japanese style storytelling because kids are just storytelling because kids are just storytelling because kids are just inundated with anime and video game inundated with anime and video game inundated with anime and video game style storytelling, which is all an echo style storytelling, which is all an echo style storytelling, which is all an echo of Japan. To me, that is a sign that the of Japan. To me, that is a sign that the of Japan. To me, that is a sign that the West has lost faith in itself, and we're West has lost faith in itself, and we're West has lost faith in itself, and we're all turning towards a culture that still all turning towards a culture that still all turning towards a culture that still believes in itself and still is just believes in itself and still is just believes in itself and still is just telling the [ __ ] stories that it came telling the [ __ ] stories that it came telling the [ __ ] stories that it came to tell. Uh, and so it would be very to tell. Uh, and so it would be very to tell. Uh, and so it would be very very exciting to see Americans refind very exciting to see Americans refind very exciting to see Americans refind their footing as storytellers or the their footing as storytellers or the their footing as storytellers or the west because I don't think our man's west because I don't think our man's west because I don't think our man's here is American. Uh, but anyway, you here is American. Uh, but anyway, you here is American. Uh, but anyway, you get the idea. It's very exciting get the idea. It's very exciting get the idea. It's very exciting >> that I'm glad you said that because that >> that I'm glad you said that because that >> that I'm glad you said that because that leads to what are we trying to tell with leads to what are we trying to tell with leads to what are we trying to tell with our story and this is from an interview our story and this is from an interview our story and this is from an interview that Nolan did in with a Chinese uh that Nolan did in with a Chinese uh that Nolan did in with a Chinese uh publication. publication. publication. >> Okay, wait wait wait wait before you >> Okay, wait wait wait wait before you >> Okay, wait wait wait wait before you play. So there's a really interesting play. So there's a really interesting play. So there's a really interesting debate sort of happening online about debate sort of happening online about debate sort of happening online about okay what is Nolan asked when he goes on okay what is Nolan asked when he goes on okay what is Nolan asked when he goes on the press tour in the west and what is the press tour in the west and what is the press tour in the west and what is he asked when he goes in China and when he asked when he goes in China and when he asked when he goes in China and when he goes in the west it's like oh tell us he goes in the west it's like oh tell us he goes in the west it's like oh tell us about IMAX and you know what was it like about IMAX and you know what was it like about IMAX and you know what was it like working with this actor and then you go working with this actor and then you go working with this actor and then you go over to China and you're going to hear over to China and you're going to hear over to China and you're going to hear the question that they ask it is deeply the question that they ask it is deeply the question that they ask it is deeply philosophical it is deeply important to philosophical it is deeply important to philosophical it is deeply important to uh national identity and storytelling uh national identity and storytelling uh national identity and storytelling and I thought this was really and I thought this was really and I thought this was really interesting. interesting. interesting. >> We live in an age that demands apology >> We live in an age that demands apology >> We live in an age that demands apology from from greatness. from from greatness. from from greatness. >> Yeah. >> Yeah. >> Yeah. >> Um, great storytellers when they portray >> Um, great storytellers when they portray >> Um, great storytellers when they portray greatness, you know, Homer celebrates greatness, you know, Homer celebrates greatness, you know, Homer celebrates it. We circle around it. We dance around it. We circle around it. We dance around it. We circle around it. We dance around it. We turn greatness into privileges it. We turn greatness into privileges it. We turn greatness into privileges and and we demand apologies for it. and and we demand apologies for it. and and we demand apologies for it. That's a fact of Hollywood. And I'm just That's a fact of Hollywood. And I'm just That's a fact of Hollywood. And I'm just wondering if you as one of the greatest wondering if you as one of the greatest wondering if you as one of the greatest storytellers of our age, um, how you how storytellers of our age, um, how you how storytellers of our age, um, how you how do you approach greatness? Is it still a do you approach greatness? Is it still a do you approach greatness? Is it still a story of apology? and and that demands story of apology? and and that demands story of apology? and and that demands repentance and reflection and repentance and reflection and repentance and reflection and self-criticism. self-criticism. self-criticism. >> Well, I think that that when you're >> Well, I think that that when you're >> Well, I think that that when you're talking about storytelling, talking about storytelling, talking about storytelling, you're always in conversation with the you're always in conversation with the you're always in conversation with the expectations of the audience. So, it expectations of the audience. So, it expectations of the audience. So, it really is an energy that's brought from really is an energy that's brought from really is an energy that's brought from the audience as well as an energy that's the audience as well as an energy that's the audience as well as an energy that's put forward from the uh story itself. put forward from the uh story itself. put forward from the uh story itself. When we create a heroic figure in a When we create a heroic figure in a When we create a heroic figure in a story as storytellers, we have to be story as storytellers, we have to be story as storytellers, we have to be mindful of the energy that the audience mindful of the energy that the audience mindful of the energy that the audience brings to that story and the interaction brings to that story and the interaction brings to that story and the interaction between our intention and the way the between our intention and the way the between our intention and the way the audience receives that. And the fact audience receives that. And the fact audience receives that. And the fact that that mechanism is identifiable to that that mechanism is identifiable to that that mechanism is identifiable to people doesn't invalidate it. Part of people doesn't invalidate it. Part of people doesn't invalidate it. Part of that mechanism is saying are we going to that mechanism is saying are we going to that mechanism is saying are we going to treat greatness as an absolute or coming treat greatness as an absolute or coming treat greatness as an absolute or coming from a democratic uh coming from a more from a democratic uh coming from a more from a democratic uh coming from a more idealized philosophical state that that idealized philosophical state that that idealized philosophical state that that we live in in today's world where we we live in in today's world where we we live in in today's world where we want to view people as equal. Um do we want to view people as equal. Um do we want to view people as equal. Um do we have to apologize for that greatness? have to apologize for that greatness? have to apologize for that greatness? And the answer is yes we do or the And the answer is yes we do or the And the answer is yes we do or the audience rejects the greatness. audience rejects the greatness. audience rejects the greatness. >> Only in the west baby only in the west >> Only in the west baby only in the west >> Only in the west baby only in the west do you have to apologize for greatness. do you have to apologize for greatness. do you have to apologize for greatness. That is wild. Trust me when I say China That is wild. Trust me when I say China That is wild. Trust me when I say China is not going to be apologizing for is not going to be apologizing for is not going to be apologizing for greatness. Uh, no way. They are they're greatness. Uh, no way. They are they're greatness. Uh, no way. They are they're just on a generational tear right now in just on a generational tear right now in just on a generational tear right now in terms of having high expectations for terms of having high expectations for terms of having high expectations for their citizens, expecting people to their citizens, expecting people to their citizens, expecting people to unlock their best, to push themselves unlock their best, to push themselves unlock their best, to push themselves far into the future. It it is um it is a far into the future. It it is um it is a far into the future. It it is um it is a deep tragedy to think that in America we deep tragedy to think that in America we deep tragedy to think that in America we have to apologize for greatness. That have to apologize for greatness. That have to apologize for greatness. That was the thing that made America America was the thing that made America America was the thing that made America America was the fact that we were the ones that was the fact that we were the ones that was the fact that we were the ones that were going to pick ourselves up, pull were going to pick ourselves up, pull were going to pick ourselves up, pull ourselves up by our bootstraps, get good ourselves up by our bootstraps, get good ourselves up by our bootstraps, get good at something, get so good we couldn't be at something, get so good we couldn't be at something, get so good we couldn't be stopped, go out into the world knowing stopped, go out into the world knowing stopped, go out into the world knowing that it was going to try to knock us that it was going to try to knock us that it was going to try to knock us back and still rise up and that we were back and still rise up and that we were back and still rise up and that we were the civilization that celebrated that. the civilization that celebrated that. the civilization that celebrated that. That we wanted to see people achieve That we wanted to see people achieve That we wanted to see people achieve something heroic. We wanted to have something heroic. We wanted to have something heroic. We wanted to have heroes like even the Boy Scout of all heroes like even the Boy Scout of all heroes like even the Boy Scout of all Boy Scouts, Superman, that we could look Boy Scouts, Superman, that we could look Boy Scouts, Superman, that we could look up to and say, "Yeah, that's somebody up to and say, "Yeah, that's somebody up to and say, "Yeah, that's somebody that is always doing the moral thing, that is always doing the moral thing, that is always doing the moral thing, that is better than all the rest of us, that is better than all the rest of us, that is better than all the rest of us, that is elevated physically, that's that is elevated physically, that's that is elevated physically, that's elevated morally, and it gave us elevated morally, and it gave us elevated morally, and it gave us somebody to aspire to, and now we're so somebody to aspire to, and now we're so somebody to aspire to, and now we're so cynical about that stuff. It It is a cynical about that stuff. It It is a cynical about that stuff. It It is a real real tragedy that we no longer look real real tragedy that we no longer look real real tragedy that we no longer look upon greatness as something to aspire upon greatness as something to aspire upon greatness as something to aspire to. to. to. There's something to that apology thing There's something to that apology thing There's something to that apology thing though because it's I don't want to say though because it's I don't want to say though because it's I don't want to say we have to you get attacked for that we have to you get attacked for that we have to you get attacked for that greatness just like I don't want to make greatness just like I don't want to make greatness just like I don't want to make it make it seem like when George it make it seem like when George it make it seem like when George Washington was around everybody was just Washington was around everybody was just Washington was around everybody was just celebrating how his greatness there were celebrating how his greatness there were celebrating how his greatness there were people that were jealous of him. There people that were jealous of him. There people that were jealous of him. There were people that wanted his spot. There were people that wanted his spot. There were people that wanted his spot. There were people that thought he was going to were people that thought he was going to were people that thought he was going to be a te uh tyrannical. So in history we be a te uh tyrannical. So in history we be a te uh tyrannical. So in history we could look upon that and then we label could look upon that and then we label could look upon that and then we label it as greatness. But in the time there's it as greatness. But in the time there's it as greatness. But in the time there's always been this battle of people always been this battle of people always been this battle of people feeling attacked because somebody else feeling attacked because somebody else feeling attacked because somebody else is great. I don't think that's something is great. I don't think that's something is great. I don't think that's something that's uniquely to this time. that's uniquely to this time. that's uniquely to this time. >> It's definitely not unique to this time >> It's definitely not unique to this time >> It's definitely not unique to this time at all. Nothing is ever unique to any at all. Nothing is ever unique to any at all. Nothing is ever unique to any time. Everything is always about the time. Everything is always about the time. Everything is always about the human psychology born of evolution human psychology born of evolution human psychology born of evolution rearing its head in the different rearing its head in the different rearing its head in the different context that it's in. But the thing that context that it's in. But the thing that context that it's in. But the thing that made America so interesting was America made America so interesting was America made America so interesting was America was founded at a time where all around was founded at a time where all around was founded at a time where all around the world you had dictatorial leaders. the world you had dictatorial leaders. the world you had dictatorial leaders. whether it was just an authoritarian or whether it was just an authoritarian or whether it was just an authoritarian or whether it was an outright king and whether it was an outright king and whether it was an outright king and people that said, "I can't do this people that said, "I can't do this people that said, "I can't do this anymore. I'm going to flee to the new anymore. I'm going to flee to the new anymore. I'm going to flee to the new world where I'm likely to die, but if I world where I'm likely to die, but if I world where I'm likely to die, but if I survive, I can do what I think is the survive, I can do what I think is the survive, I can do what I think is the right thing." And so all the weak right thing." And so all the weak right thing." And so all the weak literally died on our shores. They died literally died on our shores. They died literally died on our shores. They died off in the early winters. Uh they were off in the early winters. Uh they were off in the early winters. Uh they were killed in battles with the natives. Like killed in battles with the natives. Like killed in battles with the natives. Like all of that stuff really created this all of that stuff really created this all of that stuff really created this super hardened puritanical work ethic super hardened puritanical work ethic super hardened puritanical work ethic where it was like you're playing the where it was like you're playing the where it was like you're playing the ultimate game of Minecraft and you will ultimate game of Minecraft and you will ultimate game of Minecraft and you will starve to death. You will freeze to starve to death. You will freeze to starve to death. You will freeze to death. So you better build that [ __ ] death. So you better build that [ __ ] death. So you better build that [ __ ] fort. You better find a way um to fort. You better find a way um to fort. You better find a way um to survive out here. survive out here. survive out here. >> And you mix that with this puritanical >> And you mix that with this puritanical >> And you mix that with this puritanical Christian work ethic of the spark of Christian work ethic of the spark of Christian work ethic of the spark of divinity lies in the individual, but the divinity lies in the individual, but the divinity lies in the individual, but the individual is expected to carry their individual is expected to carry their individual is expected to carry their own weight to shoulder the burden of own weight to shoulder the burden of own weight to shoulder the burden of their own cross. And it's like nobody's their own cross. And it's like nobody's their own cross. And it's like nobody's coming to save you. you've got to do coming to save you. you've got to do coming to save you. you've got to do this on your own. And because the this on your own. And because the this on your own. And because the conditions were so harsh and there was conditions were so harsh and there was conditions were so harsh and there was no um you took care of people if you no um you took care of people if you no um you took care of people if you could if they were like in your could if they were like in your could if they were like in your immediate tribe like in the early early immediate tribe like in the early early immediate tribe like in the early early early days, but it's like if you didn't early days, but it's like if you didn't early days, but it's like if you didn't carry your weight, they would [ __ ] carry your weight, they would [ __ ] carry your weight, they would [ __ ] literally ostracize you, which meant literally ostracize you, which meant literally ostracize you, which meant certain death. So you can just say if certain death. So you can just say if certain death. So you can just say if you didn't carry your weight, they you didn't carry your weight, they you didn't carry your weight, they killed you. And you can imagine you do killed you. And you can imagine you do killed you. And you can imagine you do that for three or 4 hundred years, all that for three or 4 hundred years, all that for three or 4 hundred years, all of a sudden you have a national identity of a sudden you have a national identity of a sudden you have a national identity by the time we actually found ourselves by the time we actually found ourselves by the time we actually found ourselves as a country. you have a national as a country. you have a national as a country. you have a national identity that is unlike anything in the identity that is unlike anything in the identity that is unlike anything in the world. And while we recognize democracy world. And while we recognize democracy world. And while we recognize democracy today as something that's all over the today as something that's all over the today as something that's all over the place, we were the only ones. And um I place, we were the only ones. And um I place, we were the only ones. And um I heard somebody phrase this in a really heard somebody phrase this in a really heard somebody phrase this in a really interesting way. Unfortunately, I forget interesting way. Unfortunately, I forget interesting way. Unfortunately, I forget their name, but they said, I want you to their name, but they said, I want you to their name, but they said, I want you to imagine that America is the answer to imagine that America is the answer to imagine that America is the answer to the question, who is the king of the question, who is the king of the question, who is the king of America? And the way that they answer it America? And the way that they answer it America? And the way that they answer it is the people, each of us. And you would is the people, each of us. And you would is the people, each of us. And you would never have a king that didn't know how never have a king that didn't know how never have a king that didn't know how to provide. You would never have a king to provide. You would never have a king to provide. You would never have a king that wouldn't stand up for his country that wouldn't stand up for his country that wouldn't stand up for his country or himself. And so now what we're saying or himself. And so now what we're saying or himself. And so now what we're saying is, oh, you want to live in America, is, oh, you want to live in America, is, oh, you want to live in America, you've got to be prepared to act like you've got to be prepared to act like you've got to be prepared to act like I'm the one. [clears throat] God damn I'm the one. [clears throat] God damn I'm the one. [clears throat] God damn it. You've got to act like I'm the one. it. You've got to act like I'm the one. it. You've got to act like I'm the one. And um I used to say that when I was And um I used to say that when I was And um I used to say that when I was just a copywriter at the company that just a copywriter at the company that just a copywriter at the company that originally hired me, I end up becoming a originally hired me, I end up becoming a originally hired me, I end up becoming a partner, blah blah blah. That leads a partner, blah blah blah. That leads a partner, blah blah blah. That leads a quest, yada yada. Uh I would say to quest, yada yada. Uh I would say to quest, yada yada. Uh I would say to myself every day, if it is to be, it is myself every day, if it is to be, it is myself every day, if it is to be, it is up to me. And I would just repeat that up to me. And I would just repeat that up to me. And I would just repeat that little nursery rhyme all the time. If it little nursery rhyme all the time. If it little nursery rhyme all the time. If it is to be, it is up to me. I'm just a is to be, it is up to me. I'm just a is to be, it is up to me. I'm just a copywriter, but I'm going to act like copywriter, but I'm going to act like copywriter, but I'm going to act like I'm the CEO. I'm going to act like if I I'm the CEO. I'm going to act like if I I'm the CEO. I'm going to act like if I don't do it, nobody's going to do it. don't do it, nobody's going to do it. don't do it, nobody's going to do it. And that's why I became partner because And that's why I became partner because And that's why I became partner because everybody else was just like, "Well, everybody else was just like, "Well, everybody else was just like, "Well, this is my job and I just do my job." this is my job and I just do my job." this is my job and I just do my job." And I was like, "Fuck that." Like, this And I was like, "Fuck that." Like, this And I was like, "Fuck that." Like, this company needs to be successful for my company needs to be successful for my company needs to be successful for my dreams to come true. If I have to drag dreams to come true. If I have to drag dreams to come true. If I have to drag this entire company across the finish this entire company across the finish this entire company across the finish line, the CEO included, as the line, the CEO included, as the line, the CEO included, as the copywriter, I will [ __ ] drag this guy copywriter, I will [ __ ] drag this guy copywriter, I will [ __ ] drag this guy across. You can't do it like an [ __ ] across. You can't do it like an [ __ ] across. You can't do it like an [ __ ] You have to do it in a way that people You have to do it in a way that people You have to do it in a way that people love and want you around and all of love and want you around and all of love and want you around and all of that. But I did that. And so they ended that. But I did that. And so they ended that. But I did that. And so they ended up making me a partner because they up making me a partner because they up making me a partner because they would rather give me a piece of the would rather give me a piece of the would rather give me a piece of the company than fear losing me. That's what company than fear losing me. That's what company than fear losing me. That's what it means to be like, "Yo, I'm the king it means to be like, "Yo, I'm the king it means to be like, "Yo, I'm the king of America. I've got to I've got to have of America. I've got to I've got to have of America. I've got to I've got to have the answers to that stuff in my own the answers to that stuff in my own the answers to that stuff in my own life. I'm not waiting for somebody to life. I'm not waiting for somebody to life. I'm not waiting for somebody to save me. I'm not looking for a handout. save me. I'm not looking for a handout. save me. I'm not looking for a handout. I'm looking to contribute. I'm looking I'm looking to contribute. I'm looking I'm looking to contribute. I'm looking to have an answer to the biggest to have an answer to the biggest to have an answer to the biggest problems." And this era, more than any problems." And this era, more than any problems." And this era, more than any era in American history, is making that era in American history, is making that era in American history, is making that demand of all of us. Because we have demand of all of us. Because we have demand of all of us. Because we have lost sight of what America is, what it lost sight of what America is, what it lost sight of what America is, what it means, what it stands for, why it was means, what it stands for, why it was means, what it stands for, why it was this unique experiment. And we've got to this unique experiment. And we've got to this unique experiment. And we've got to find our way back to that, man. Or we find our way back to that, man. Or we find our way back to that, man. Or we are going to find ourselves overrun by a are going to find ourselves overrun by a are going to find ourselves overrun by a culture that believes in itself. So culture that believes in itself. So culture that believes in itself. So whether that's China and China just whether that's China and China just whether that's China and China just says, "Hey, we learned the lesson. We says, "Hey, we learned the lesson. We says, "Hey, we learned the lesson. We know what it means to be great. We know know what it means to be great. We know know what it means to be great. We know what it means." I every time I see that what it means." I every time I see that what it means." I every time I see that photo of that gigantic magnet that they photo of that gigantic magnet that they photo of that gigantic magnet that they have built to generate insane amounts of have built to generate insane amounts of have built to generate insane amounts of energy. Basically, it has created energy. Basically, it has created energy. Basically, it has created something that creates energy hotter something that creates energy hotter something that creates energy hotter than the center of the sun here on than the center of the sun here on than the center of the sun here on Earth. And I think these guys, that's Earth. And I think these guys, that's Earth. And I think these guys, that's inspiring, man. They they are a worthy inspiring, man. They they are a worthy inspiring, man. They they are a worthy adversary. Say what you will about the adversary. Say what you will about the adversary. Say what you will about the geopolitical collision. I definitely geopolitical collision. I definitely geopolitical collision. I definitely want to win, but I'm inspired. Like want to win, but I'm inspired. Like want to win, but I'm inspired. Like that's that's a culture that believes in that's that's a culture that believes in that's that's a culture that believes in itself that's going to do its thing. And itself that's going to do its thing. And itself that's going to do its thing. And Godspeed, that's how everybody should Godspeed, that's how everybody should Godspeed, that's how everybody should act. Everybody like think of the world act. Everybody like think of the world act. Everybody like think of the world like the World Cup. I don't care if like the World Cup. I don't care if like the World Cup. I don't care if you're uh what was it? Coat Divery or you're uh what was it? Coat Divery or you're uh what was it? Coat Divery or whatever that like ended up no something whatever that like ended up no something whatever that like ended up no something else. But anyway, Cape Verde, thank you. else. But anyway, Cape Verde, thank you. else. But anyway, Cape Verde, thank you. So those guys, they c they came to So those guys, they c they came to So those guys, they c they came to [ __ ] win and they weren't making [ __ ] win and they weren't making [ __ ] win and they weren't making apologies. Same with uh Norway. They apologies. Same with uh Norway. They apologies. Same with uh Norway. They were not making apologies. We're not were not making apologies. We're not were not making apologies. We're not here just to play. We're here to win. here just to play. We're here to win. here just to play. We're here to win. And that's the kind of thing I want to And that's the kind of thing I want to And that's the kind of thing I want to see from every country. I want to see see from every country. I want to see see from every country. I want to see people play to win. China's playing to people play to win. China's playing to people play to win. China's playing to win. America's not playing to win. win. America's not playing to win. win. America's not playing to win. America's playing to apologize. To say America's playing to apologize. To say America's playing to apologize. To say that, oh, if some people get farther that, oh, if some people get farther that, oh, if some people get farther ahead, there's some corruption that's ahead, there's some corruption that's ahead, there's some corruption that's going on. No. For whatever reason, God going on. No. For whatever reason, God going on. No. For whatever reason, God has decided that everybody's going to be has decided that everybody's going to be has decided that everybody's going to be different. We're all going to have different. We're all going to have different. We're all going to have different talents and intelligence. It different talents and intelligence. It different talents and intelligence. It just is what it is. And so now, make the just is what it is. And so now, make the just is what it is. And so now, make the most of what you have. Reach for the most of what you have. Reach for the most of what you have. Reach for the farthest star that you can possibly farthest star that you can possibly farthest star that you can possibly reach for. Make huge demands of reach for. Make huge demands of reach for. Make huge demands of yourself. Make massive sacrifices to get yourself. Make massive sacrifices to get yourself. Make massive sacrifices to get better and achieve that. But we we've better and achieve that. But we we've better and achieve that. But we we've got to celebrate that in other people. got to celebrate that in other people. got to celebrate that in other people. We've got to be able to celebrate people We've got to be able to celebrate people We've got to be able to celebrate people that do better than us. I look at Elon that do better than us. I look at Elon that do better than us. I look at Elon Musk. Yes, I understand that you can Musk. Yes, I understand that you can Musk. Yes, I understand that you can hate his politics, but he has hate his politics, but he has hate his politics, but he has outperformed me as an entrepreneur. And outperformed me as an entrepreneur. And outperformed me as an entrepreneur. And I don't see with anger. I'm not like I don't see with anger. I'm not like I don't see with anger. I'm not like jealous. I'm like, "Fuck that. I want to jealous. I'm like, "Fuck that. I want to jealous. I'm like, "Fuck that. I want to be inspired. I want to look at him and be inspired. I want to look at him and be inspired. I want to look at him and go, oh [ __ ] there's levels to this." go, oh [ __ ] there's levels to this." go, oh [ __ ] there's levels to this." So, however much I've managed to achieve So, however much I've managed to achieve So, however much I've managed to achieve in my life, godamn like that guy is way in my life, godamn like that guy is way in my life, godamn like that guy is way off on the horizon. And it's motivating. off on the horizon. And it's motivating. off on the horizon. And it's motivating. It's exciting. It's not demoralizing. It's exciting. It's not demoralizing. It's exciting. It's not demoralizing. It's like if you guys know the story of It's like if you guys know the story of It's like if you guys know the story of the four-minute mile, there was a guy the four-minute mile, there was a guy the four-minute mile, there was a guy named Roger Banister. Everybody said, named Roger Banister. Everybody said, named Roger Banister. Everybody said, "The 4-minute mile can't be broken. It's "The 4-minute mile can't be broken. It's "The 4-minute mile can't be broken. It's just there's a limit to the rate at just there's a limit to the rate at just there's a limit to the rate at which the human lungs and circulatory which the human lungs and circulatory which the human lungs and circulatory system can process oxygen. We're never system can process oxygen. We're never system can process oxygen. We're never going to be able to do it." And he said, going to be able to do it." And he said, going to be able to do it." And he said, "Fuck that. I'm going to break the "Fuck that. I'm going to break the "Fuck that. I'm going to break the 4-minute mile." And he ends up breaking 4-minute mile." And he ends up breaking 4-minute mile." And he ends up breaking the 4-minute mile. Now, that was a the 4-minute mile. Now, that was a the 4-minute mile. Now, that was a boundary that had stood for quite boundary that had stood for quite boundary that had stood for quite literally all of human history. And then literally all of human history. And then literally all of human history. And then he breaks it. Within like 3 weeks, more he breaks it. Within like 3 weeks, more he breaks it. Within like 3 weeks, more people had broken it because they just people had broken it because they just people had broken it because they just needed to see that it could be done. We needed to see that it could be done. We needed to see that it could be done. We need people to believe in. We need need people to believe in. We need need people to believe in. We need people that we look at and say, "This people that we look at and say, "This people that we look at and say, "This person is exalted." It's all mythology. person is exalted." It's all mythology. person is exalted." It's all mythology. That person for sure has thoughts in That person for sure has thoughts in That person for sure has thoughts in their heart, actions that they've taken their heart, actions that they've taken their heart, actions that they've taken that you would hate. But saying, "Okay, that you would hate. But saying, "Okay, that you would hate. But saying, "Okay, this person accomplished something in an this person accomplished something in an this person accomplished something in an area that I value and I celebrate that." area that I value and I celebrate that." area that I value and I celebrate that." We've got to rembrace that. We've got to rembrace that. We've got to rembrace that. That's it's interesting though because I That's it's interesting though because I That's it's interesting though because I feel like on one hand we marvel at the feel like on one hand we marvel at the feel like on one hand we marvel at the technological advances that China is technological advances that China is technological advances that China is making but at the other hand we don't making but at the other hand we don't making but at the other hand we don't strive to reinvest into America at the strive to reinvest into America at the strive to reinvest into America at the level that China does. level that China does. level that China does. >> There in lies the problem. >> There in lies the problem. >> There in lies the problem. >> No, but I mean we America runs a very >> No, but I mean we America runs a very >> No, but I mean we America runs a very get rich and you'll be fine. If you get rich and you'll be fine. If you get rich and you'll be fine. If you don't get rich, you won't be fine. Work don't get rich, you won't be fine. Work don't get rich, you won't be fine. Work harder, get rich, take care of yourself. harder, get rich, take care of yourself. harder, get rich, take care of yourself. We are all the kids. We are all the kids. We are all the kids. >> That would be awesome if the economy >> That would be awesome if the economy >> That would be awesome if the economy wasn't rigged against you. But the wasn't rigged against you. But the wasn't rigged against you. But the problem is that the economy is rigged in problem is that the economy is rigged in problem is that the economy is rigged in a knowable way. a knowable way. a knowable way. >> I've explained it before. I'm happy to >> I've explained it before. I'm happy to >> I've explained it before. I'm happy to do it now. But that if you accept, okay, do it now. But that if you accept, okay, do it now. But that if you accept, okay, the economy is rigged in a knowable way. the economy is rigged in a knowable way. the economy is rigged in a knowable way. And so what used to be a rad statement, And so what used to be a rad statement, And so what used to be a rad statement, hey, go pick yourself up by your hey, go pick yourself up by your hey, go pick yourself up by your bootstraps, do all that. It's going to bootstraps, do all that. It's going to bootstraps, do all that. It's going to be [ __ ] awesome. Go, kid, go. Uh, it be [ __ ] awesome. Go, kid, go. Uh, it be [ __ ] awesome. Go, kid, go. Uh, it worked because the government was not so worked because the government was not so worked because the government was not so involved in trying to manipulate the involved in trying to manipulate the involved in trying to manipulate the economy. Now that the government is economy. Now that the government is economy. Now that the government is involved in manipulating the economy, involved in manipulating the economy, involved in manipulating the economy, you're in a position where their desire you're in a position where their desire you're in a position where their desire to give you things for free, to make to give you things for free, to make to give you things for free, to make your life easier, is actually trapping your life easier, is actually trapping your life easier, is actually trapping you. And then the people who understand you. And then the people who understand you. And then the people who understand how the economy is rigged, they use it how the economy is rigged, they use it how the economy is rigged, they use it to their advantage. And then they to their advantage. And then they to their advantage. And then they continue to rig it further by money and continue to rig it further by money and continue to rig it further by money and politics and getting politicians in that politics and getting politicians in that politics and getting politicians in that are going to vote for things to make are going to vote for things to make are going to vote for things to make sure that the top of the K is just going sure that the top of the K is just going sure that the top of the K is just going to keep being this wonderland. And so it to keep being this wonderland. And so it to keep being this wonderland. And so it it's all a problem. I talked about this it's all a problem. I talked about this it's all a problem. I talked about this at the beginning. You've got the left at the beginning. You've got the left at the beginning. You've got the left and the right in full pathology mode and the right in full pathology mode and the right in full pathology mode meeting together as they wrap around meeting together as they wrap around meeting together as they wrap around wanting the same thing, which is the wanting the same thing, which is the wanting the same thing, which is the government to be hyper involved in government to be hyper involved in government to be hyper involved in everything so that they can both win. everything so that they can both win. everything so that they can both win. The left wants to keep winning votes and The left wants to keep winning votes and The left wants to keep winning votes and getting immigrants in and giving things getting immigrants in and giving things getting immigrants in and giving things away for free. The right wants to away for free. The right wants to away for free. The right wants to protect the top of the K. And so it's protect the top of the K. And so it's protect the top of the K. And so it's like, yep, now they both want to do the like, yep, now they both want to do the like, yep, now they both want to do the same thing for different reasons, but it same thing for different reasons, but it same thing for different reasons, but it now accelerates the pathology. But we've now accelerates the pathology. But we've now accelerates the pathology. But we've got to stop telling ourselves that we got to stop telling ourselves that we got to stop telling ourselves that we have capitalism and we've got to start have capitalism and we've got to start have capitalism and we've got to start getting back to actual capitalism so getting back to actual capitalism so getting back to actual capitalism so that we can tell that kid, go that we can tell that kid, go that we can tell that kid, go contribute. Being rich is actually the contribute. Being rich is actually the contribute. Being rich is actually the wrong focus. The great irony of getting wrong focus. The great irony of getting wrong focus. The great irony of getting rich is that the shest path to getting rich is that the shest path to getting rich is that the shest path to getting rich is to add value to others lives. It rich is to add value to others lives. It rich is to add value to others lives. It is not to focus on wealth. So it it's a is not to focus on wealth. So it it's a is not to focus on wealth. So it it's a hard lesson that everybody has to learn hard lesson that everybody has to learn hard lesson that everybody has to learn if you're on at least from an if you're on at least from an if you're on at least from an entrepreneur's perspective. If you're entrepreneur's perspective. If you're entrepreneur's perspective. If you're going to do it through uh the financial going to do it through uh the financial going to do it through uh the financial financialization then it really is just financialization then it really is just financialization then it really is just >> but [laughter] that yes a very different >> but [laughter] that yes a very different >> but [laughter] that yes a very different game. So, uh, I agree with you that a game. So, uh, I agree with you that a game. So, uh, I agree with you that a massive obstacle is being put in massive obstacle is being put in massive obstacle is being put in people's way. It's just that the people's way. It's just that the people's way. It's just that the obstacle is not what people think. obstacle is not what people think. obstacle is not what people think. >> Cool. Um, all right. We got some super >> Cool. Um, all right. We got some super >> Cool. Um, all right. We got some super chats. chats. chats. >> Yes, we do. First up on the list, The >> Yes, we do. First up on the list, The >> Yes, we do. First up on the list, The Relic says, "If we continue on the power Relic says, "If we continue on the power Relic says, "If we continue on the power versus weak dominance cycle, versus weak dominance cycle, versus weak dominance cycle, civilization stalls, becomes a race to civilization stalls, becomes a race to civilization stalls, becomes a race to the strongest, mutually assured the strongest, mutually assured the strongest, mutually assured destruction. We stay as hunter destruction. We stay as hunter destruction. We stay as hunter gatherers, overinvest in strong men, gatherers, overinvest in strong men, gatherers, overinvest in strong men, culture, art, science, and don't grow." culture, art, science, and don't grow." culture, art, science, and don't grow." Well, the bad news is society has never Well, the bad news is society has never Well, the bad news is society has never been anything but uh ruled by the been anything but uh ruled by the been anything but uh ruled by the strongest. And so the question becomes, strongest. And so the question becomes, strongest. And so the question becomes, can you get somebody who is ruled by the can you get somebody who is ruled by the can you get somebody who is ruled by the strongest that also wants peace? And strongest that also wants peace? And strongest that also wants peace? And then but that's really what we've had then but that's really what we've had then but that's really what we've had with the US. And people that aren't in with the US. And people that aren't in with the US. And people that aren't in the US or aren't allied with the US the US or aren't allied with the US the US or aren't allied with the US absolutely [ __ ] despise the US absolutely [ __ ] despise the US absolutely [ __ ] despise the US precisely because we have pushed our precisely because we have pushed our precisely because we have pushed our will around the world. Now people that will around the world. Now people that will around the world. Now people that have been aligned with the US, they have have been aligned with the US, they have have been aligned with the US, they have loved it. Look at Japan. Uh what an loved it. Look at Japan. Uh what an loved it. Look at Japan. Uh what an incredible story. We absolutely nuke incredible story. We absolutely nuke incredible story. We absolutely nuke them uh into submission and then them uh into submission and then them uh into submission and then actually made Japan better. Uh so yeah, actually made Japan better. Uh so yeah, actually made Japan better. Uh so yeah, they've got a pretty pro- America they've got a pretty pro- America they've got a pretty pro- America stance. Um but there are plenty of stance. Um but there are plenty of stance. Um but there are plenty of people that feel like the US has people that feel like the US has people that feel like the US has manipulated them. But make no mistake, manipulated them. But make no mistake, manipulated them. But make no mistake, we got to our position by being we got to our position by being we got to our position by being strongest economically and militarily. strongest economically and militarily. strongest economically and militarily. So yeah, you're not going to shake that So yeah, you're not going to shake that So yeah, you're not going to shake that one anytime soon. Kevin Debella says, one anytime soon. Kevin Debella says, one anytime soon. Kevin Debella says, "US Treasury is literally the plumbing "US Treasury is literally the plumbing "US Treasury is literally the plumbing of the global economy. Collateral plus of the global economy. Collateral plus of the global economy. Collateral plus liquidity. Bessent can do treasury repo liquidity. Bessent can do treasury repo liquidity. Bessent can do treasury repo with BOJ, but not Japanese insurers, with BOJ, but not Japanese insurers, with BOJ, but not Japanese insurers, hedge funds, other private holders. He hedge funds, other private holders. He hedge funds, other private holders. He can't let it blow up where we have can't let it blow up where we have can't let it blow up where we have 2008." 2008." 2008." >> Yeah. So, he's right about part of it >> Yeah. So, he's right about part of it >> Yeah. So, he's right about part of it and wrong about part of it. So, uh you and wrong about part of it. So, uh you and wrong about part of it. So, uh you can't understand the plumbing of the can't understand the plumbing of the can't understand the plumbing of the global economic system unless you global economic system unless you global economic system unless you understand the Euro dollar, which is all understand the Euro dollar, which is all understand the Euro dollar, which is all things outside of the Treasury's things outside of the Treasury's things outside of the Treasury's control. And if I'm not mistaken, they control. And if I'm not mistaken, they control. And if I'm not mistaken, they are substantively bigger uh than what are substantively bigger uh than what are substantively bigger uh than what the Treasury controls. Someone needs to the Treasury controls. Someone needs to the Treasury controls. Someone needs to fact check me on that, but I'm almost fact check me on that, but I'm almost fact check me on that, but I'm almost certain that's correct. >> Uh Kanes Barbatus says, "Tom, check on >> Uh Kanes Barbatus says, "Tom, check on Macros Plus. It's an older series that Macros Plus. It's an older series that Macros Plus. It's an older series that >> Macros, whoever you are, we need to find >> Macros, whoever you are, we need to find >> Macros, whoever you are, we need to find each other on Twitter." Uh X because each other on Twitter." Uh X because each other on Twitter." Uh X because bro, uh Macros, damn about it. I'm here bro, uh Macros, damn about it. I'm here bro, uh Macros, damn about it. I'm here for giant robots. I cannot stress that for giant robots. I cannot stress that for giant robots. I cannot stress that enough. So, I didn't even hear the rest. enough. So, I didn't even hear the rest. enough. So, I didn't even hear the rest. I just heard Macros and I stopped. Uh we I just heard Macros and I stopped. Uh we I just heard Macros and I stopped. Uh we are besties. Uh it it's I won't say it's are besties. Uh it it's I won't say it's are besties. Uh it it's I won't say it's better than Gundam. In fact, it's worse better than Gundam. In fact, it's worse better than Gundam. In fact, it's worse than Gundam. [laughter] But um it is than Gundam. [laughter] But um it is than Gundam. [laughter] But um it is it's like such a part of my soul because it's like such a part of my soul because it's like such a part of my soul because I didn't have Gundam as a kid. I had um I didn't have Gundam as a kid. I had um I didn't have Gundam as a kid. I had um Rootech, which is like Macros and like Rootech, which is like Macros and like Rootech, which is like Macros and like some other thing that were put together some other thing that were put together some other thing that were put together in this weird thing that they then in this weird thing that they then in this weird thing that they then imported to the US. And so I used to imported to the US. And so I used to imported to the US. And so I used to draw the um rootech stuff as a kid all draw the um rootech stuff as a kid all draw the um rootech stuff as a kid all the time. I would spend hours and I the time. I would spend hours and I the time. I would spend hours and I can't draw to save my life. So anyway, can't draw to save my life. So anyway, can't draw to save my life. So anyway, sorry, what's the actual question? sorry, what's the actual question? sorry, what's the actual question? >> Oh, it was just saying to check it out. >> Oh, it was just saying to check it out. >> Oh, it was just saying to check it out. It's an older series that explores AI It's an older series that explores AI It's an older series that explores AI and tech issues uh that we're enduring and tech issues uh that we're enduring and tech issues uh that we're enduring today like AI entertainment, human today like AI entertainment, human today like AI entertainment, human pilots versus drone technology, direct pilots versus drone technology, direct pilots versus drone technology, direct neural links, and the music is good. neural links, and the music is good. neural links, and the music is good. >> Bro, you you had me at Macros as I think >> Bro, you you had me at Macros as I think >> Bro, you you had me at Macros as I think you saw. So yes. Yes. Kanes Barbatus, you saw. So yes. Yes. Kanes Barbatus, you saw. So yes. Yes. Kanes Barbatus, let's go. Offshore Euro dollar market 40 let's go. Offshore Euro dollar market 40 let's go. Offshore Euro dollar market 40 trillion. US Treasury market 31.1 trillion. US Treasury market 31.1 trillion. US Treasury market 31.1 trillion. trillion. trillion. >> There you go. There you go, baby. You >> There you go. There you go, baby. You >> There you go. There you go, baby. You got to understand the Euro dollar got to understand the Euro dollar got to understand the Euro dollar market. Thank you, by the way, for that market. Thank you, by the way, for that market. Thank you, by the way, for that fact. fact. fact. >> I got you, bro. >> I got you, bro. >> I got you, bro. Wifey and Hubster says, "Don't have a Wifey and Hubster says, "Don't have a Wifey and Hubster says, "Don't have a lot, but wanted to comment. Watched you lot, but wanted to comment. Watched you lot, but wanted to comment. Watched you for years. Love your perspectives and for years. Love your perspectives and for years. Love your perspectives and often see eye to eye. Only have one often see eye to eye. Only have one often see eye to eye. Only have one wish. Stop using the swear GD so much. wish. Stop using the swear GD so much. wish. Stop using the swear GD so much. It is starting to leak into my inner It is starting to leak into my inner It is starting to leak into my inner monologue." monologue." monologue." >> Uh oh. Uh oh. Uh oh. Yeah. I I feel your >> Uh oh. Uh oh. Uh oh. Yeah. I I feel your >> Uh oh. Uh oh. Uh oh. Yeah. I I feel your pain. It is. It drives me crazy when pain. It is. It drives me crazy when pain. It is. It drives me crazy when there's somebody whose ideas I love, but there's somebody whose ideas I love, but there's somebody whose ideas I love, but they speak in a way that drives me nuts. they speak in a way that drives me nuts. they speak in a way that drives me nuts. Um, but all I can do is be me. I went Um, but all I can do is be me. I went Um, but all I can do is be me. I went through a phase where I didn't swear at through a phase where I didn't swear at through a phase where I didn't swear at all. Uh, it wasn't as fun. I'll be all. Uh, it wasn't as fun. I'll be all. Uh, it wasn't as fun. I'll be really honest. really honest. really honest. >> I I really do feel your pain, but I have >> I I really do feel your pain, but I have >> I I really do feel your pain, but I have learned that I must be uh true to learned that I must be uh true to learned that I must be uh true to myself. My apologies. myself. My apologies. myself. My apologies. >> And you just like it because it's fun. >> And you just like it because it's fun. >> And you just like it because it's fun. >> Yeah, part of it. [laughter] I'm wired >> Yeah, part of it. [laughter] I'm wired >> Yeah, part of it. [laughter] I'm wired for it for whatever reason. for it for whatever reason. for it for whatever reason. >> Uh, and that's it for the Super Jets. >> Uh, and that's it for the Super Jets. >> Uh, and that's it for the Super Jets. >> Awesome. You guys are amazing. Thank you >> Awesome. You guys are amazing. Thank you >> Awesome. You guys are amazing. Thank you so much for that. Do we have anything so much for that. Do we have anything so much for that. Do we have anything else we need to cover? else we need to cover? else we need to cover? >> Oh, hold on. Cool. Tech technically >> Oh, hold on. Cool. Tech technically >> Oh, hold on. Cool. Tech technically shadow seeds dropped too to make the shadow seeds dropped too to make the shadow seeds dropped too to make the >> Let's go. >> Let's go. >> Let's go. >> 20. Yes. Uh, keep preaching time. I know >> 20. Yes. Uh, keep preaching time. I know >> 20. Yes. Uh, keep preaching time. I know you highlighted before. Self-governance you highlighted before. Self-governance you highlighted before. Self-governance isn't a default state. Should require isn't a default state. Should require isn't a default state. Should require civic education. Atlas Shrugged, civic education. Atlas Shrugged, civic education. Atlas Shrugged, Creature from Jacko Island, the Gloolog Creature from Jacko Island, the Gloolog Creature from Jacko Island, the Gloolog Acropell. Acropell. Acropell. >> Dude, that's a banger list of books. >> Dude, that's a banger list of books. >> Dude, that's a banger list of books. Yeah. Yeah. Yeah. >> How about all the socialists in the >> How about all the socialists in the >> How about all the socialists in the chat? Tom will read the communist chat? Tom will read the communist chat? Tom will read the communist manifesto. If you guys read Atlas manifesto. If you guys read Atlas manifesto. If you guys read Atlas Shrugged, Shrugged, Shrugged, >> no, [ __ ] that. >> no, [ __ ] that. >> no, [ __ ] that. >> We have a better one. >> We have a better one. >> We have a better one. >> The Goolog Archipelago. [laughter] >> The Goolog Archipelago. [laughter] >> The Goolog Archipelago. [laughter] read the Goolog archipelago. I will read the Goolog archipelago. I will read the Goolog archipelago. I will trade you uh I'll go all full dos capel trade you uh I'll go all full dos capel trade you uh I'll go all full dos capel if you guys are going to read the gool if you guys are going to read the gool if you guys are going to read the gool log archipelago. log archipelago. log archipelago. >> All right, cool. Yeah, now we're done. >> All right, cool. Yeah, now we're done. >> All right, cool. Yeah, now we're done. >> All right. Okay, everybody. The next >> All right. Okay, everybody. The next >> All right. Okay, everybody. The next Impact Theory University Master Class. Impact Theory University Master Class. Impact Theory University Master Class. It's free and it's coming Wednesday, It's free and it's coming Wednesday, It's free and it's coming Wednesday, this Wednesday, August 5th, at 100 p.m. this Wednesday, August 5th, at 100 p.m. this Wednesday, August 5th, at 100 p.m. Pacific. I will show you how to build a Pacific. I will show you how to build a Pacific. I will show you how to build a company using AI. Dude, the more I use company using AI. Dude, the more I use company using AI. Dude, the more I use AI, the more I'm like, "Guys, come on. AI, the more I'm like, "Guys, come on. AI, the more I'm like, "Guys, come on. You need to get in these waters. they You need to get in these waters. they You need to get in these waters. they are very very warm and the window of are very very warm and the window of are very very warm and the window of opportunity where the vast majority of opportunity where the vast majority of opportunity where the vast majority of people are still not using it which is people are still not using it which is people are still not using it which is crazy to me. Uh you want to take crazy to me. Uh you want to take crazy to me. Uh you want to take advantage of this opportunity if you are advantage of this opportunity if you are advantage of this opportunity if you are at all entrepreneurial-minded or just at all entrepreneurial-minded or just at all entrepreneurial-minded or just want to control your own destiny. You want to control your own destiny. You want to control your own destiny. You need to understand what AI can actually need to understand what AI can actually need to understand what AI can actually do, what its limits are because it falls do, what its limits are because it falls do, what its limits are because it falls on its face in very specific places that on its face in very specific places that on its face in very specific places that you can know and work around. Anyway, you can know and work around. Anyway, you can know and work around. Anyway, I'm going to show you how to do it all I'm going to show you how to do it all I'm going to show you how to do it all Wednesday, August 5th at 1 p.m. Pacific. Wednesday, August 5th at 1 p.m. Pacific. Wednesday, August 5th at 1 p.m. Pacific. It's free and it won't be replayed. So It's free and it won't be replayed. So It's free and it won't be replayed. So be there or be square. All right, be there or be square. All right, be there or be square. All right, everybody. Love you bunches. See you on everybody. Love you bunches. See you on everybody. Love you bunches. See you on Wednesday. Take care. Peace.