The Culture War #80 Theaters BLOCK City Of Dreams, Major Cities COLLAPSING, Debt Default w/ John Devaney & Shane Cashman
Host:
Tim Pool @timcast (everywhere)
Guests:
John Devaney | https://www.manorhousefilms.com/ | https://www.cityofdreamsmovie.com/
Shane Cashman @ShaneCashman (everywhere)
Producers:
Lisa Elizabeth @LisaElizabeth (X)
Kellen Leeson @KellenPDL (X)
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I believe it was Kevin Pasobic who went to the movies and he was attempting to buy a ticket and when he pulled up the seating map all of the seats were blocked.
You couldn't choose any of them.
Now this is strange.
He went into the theater and it was empty.
This sounds very similar to what happened with Sound of Freedom.
The interesting thing here is that City of Dreams has to do with human trafficking as well.
So we're going to talk about this.
The movie is now being dropped from theaters.
This is a crazy story.
But there's a lot more to it.
We're being joined by John Devaney, who's also, I guess you're a retail and real estate expert.
And so you've got a lot to say about what's going on with this movie, with it being blocked.
But also, we were just getting into You're saying that these cities like Chicago, SF, they're becoming ghost towns?
There's going to be a debt default?
Before the show even started, you were like, listen, we've got, okay, okay, we'll sign.
And what we do is we buy and sell structured finance bonds.
Bonds backed by residential mortgages, commercial mortgages.
There are asset-backed securities backed by credit card loans, auto loans.
It's a very big part of the bond market that's as big as the entire corporate bond market.
And so I was really good at modeling and sales when I was in my 20s.
And I started this company and started providing liquidity to these very complicated securities.
And I've been incredibly, incredibly blessed throughout my career.
You know, my company took off in 99 and 2000, 01, 02.
And by 03, you know, I'd made more.
I mean, this isn't really about me here, but then Jeffries or Raymond James and, you know, my company had exploded.
Tim, we're like brothers, dude.
I find our stories very similar.
We're outsiders in very big markets.
You happen to be in media and I happen to be in finance.
Nobody Would have thought that a young man on Key Biscayne, Florida, OK, never worked for anybody on Wall Street, OK, could build up a business to compete against Goldman Sachs and Morgan Stanley and Deutsche Bank and have, you know, 300 million credit line from Bank of New York.
You know, we're a very, very big company.
Yes, I got tagged in the financial crisis.
If you Google me right now someone told me I should pay Google to change around and make you look better.
I had earned all of that capital through trading billions and billions of these products.
Yes, I got tagged in the financial crisis.
If you Google me right now, someone told me I should pay Google to change around and make you look better.
I don't really care about any of that.
But I was in the Time Magazine for being the top 20 people for causing the financial crisis.
Because Kind of a compliment, actually.
You know, the little old John Devaney on Key Biscayne somehow had a hand.
I mean, we had a bunch of these securities, but not anywhere near what could have impacted and actually caused the crash.
I just was very, very involved in those markets.
So anyway, that's what I do.
I got killed in the financial crisis.
I came back, we built our company back, and I'm still doing it right now.
Throughout my... the culture of my company is to connect with my community and try to give back.
So we have a community reinvestment leg of my company, you know, participated in helping over a hundred different philanthropies over time.
And so when this movie was shown to me by a great friend of mine named Sean Wolfington, he was one of the producers of Sound of Freedom.
This man 20 years ago made an incredible story called Bella, okay?
And he had funded it and backed it and helped to market it about a young girl who chose to keep her baby.
And it wasn't really, you know, pro-life.
It was just a beautiful, beautiful story.
And since then, he's been involved in seven or eight films.
And then he showed me this film.
And, uh, the writer and the director Mohit had contacted him.
They'd had the film finished.
I screened this story, City of Dreams.
Okay.
And I was so touched by the story of a young boy who was trafficked across the Mexican border and enslaved in a sweatshop in LA.
And this is based on a true story.
Um, the, and, uh, it's about this boy's courage to stand up against his captors.
He had the courage to fight.
And he fought for his freedom and he fought to free these other children and I wept at the end of the story like you all will and like the hundred celebrities that all signed on with us.
To help to raise awareness on this and I talked to him till 2 in the morning and the next day at 9 o'clock I immediately called him I got to my office and I said you know what I'll give you the money and you know now we've brought the film to 775 screens it was gonna go get out in 75 screens like many independent films do and I said you know what it's so important to raise awareness on this topic and I'll get into some of the issues I've become very very smart
Kind of an advocate to protect children now throughout this journey over the last six months that I've been involved.
But so anyway, so I embraced supporting this film and have now started a film company called Manor House Films.
And I feel great about it.
I would like to bring, you know, we're saying that we're going to make films that matter.
And I think that it's so important right now with all this stuff that's going on to try to back films like this that have important purpose and meaning.
I mean, so I mentioned this early in the intro that there's videos from Kevin Posobiec where he goes to the, like, you go buy movie tickets and you pick by the ticket and that shows you all the seats and then you pick your seats.
They're all blocked out.
And we heard similar things at Sound of Freedom.
It seemed like they're trying to block this film, which is weird, but now we're hearing that you're saying it was dropped from like 500 theaters?
Yeah, I mean, just to be fair to everybody in the movie theaters and everything, you know, I saw the same report as well, and so I'm not saying anything like that had happened where they're, you know, trying not to sell the tickets, but there's some kind of funny stuff going on right now.
The one thing that I know is that our distributor, Roadside Attractions, these two wonderful men, Howard and Eric, run that company, and they support independent films.
They've made 200 films now, and they're our distributor.
Unfortunately, a couple days ago, they notified me that the theaters, Regal, AMC, Cinemark, They decided to reduce our theater count from 775 to 225 for this weekend.
It's our second weekend.
What about supporting films that matter?
What about helping raise awareness for these children?
Like, we are devastated right now.
We have a very loving group of people that we've done media and TV.
Yeah, I think that Hollywood overall and the media right now has an issue with child trafficking and some of these issues like pedophilia for some reason.
I just don't know why that some of these issues that are out there aren't spoken about more broadly.
It's just so unusual.
There's a reporter named Hannah Dreyer at the New York Times.
I can give you the link.
There's one link that goes to over 20 articles that she's written.
She's done an incredible job reporting on the problem at the border.
I do believe that part of the pushback, I think, from media and maybe from Hollywood overall, Is that the flawed policies at the border that this movie is highlighting, that potentially it's giving election season.
It's giving a big boost to President Trump because President Trump was very vocal a number of years ago in talking about how the flawed border policy could impact and hurt children, among other problems with the large migration at the border.
If you listen to the whistleblower who is from the Health and Human Services from about a year ago, and you take her word, she makes it sound like Biden and Harris oversee a human trafficking ring at the border.
Just to kind of back up, I could kind of explain it in an easy way that a lot of people might be able to understand, just from, you know, trying to just be a simple man.
What I think has happened, okay, and I could talk about two legs of child exploitation and trafficking.
And I'm going to first talk about the leg of many of these children that came across the border.
And then I'm going to talk about child labor overall and how we all have a responsibility as consumers to buy products that aren't made, okay, from child labor from our U.S. corporations.
And I believe that there needs to be new legislation and laws that focus on making sure that the products that we use every day aren't made by slave labor anywhere in the world, okay?
Because this is a very important issue, not just in the United States, but across the world.
So let me first go back and talk about how I see what happened with hundreds of thousands of children that are being exploited in the United States right now as a result of flawed border policies.
A number of years ago, Some of the policies were loosened somewhat and that some of the unaccompanied migrant children were welcomed into the U.S.
It used to be that you could go to a uncle or an aunt or a parent and then the rules were changed and now you could go to a sponsor.
So these traffickers in Central and South America had sort of gamed the system and realized that they could just dump kids at the border and they would be welcomed in.
They were trafficking the children just like they traffic drugs.
And they pitched families, very poor families in places like Guatemala, that these children might have a better life in the U.S.
And these parents, I mean, as a parent, I couldn't even think about having an 8, 9, 10, 11, 12, 13 year old Kid and giving them away.
But the these countries have such poverty and it's so difficult for them that I think these parents just believe that maybe they were giving a better opportunity for their child.
And so many of these traffickers would load up 12 kids in a suburban and take them to the border and dump them off.
Yeah, they're making three to five thousand bucks.
I saw the same thing and it's just unbelievable.
There's a whole business saying, or the kids are joining these marches and they're given to another adult they don't know and the kids just walk away and march for days and days and make it to the border.
Anyway, so the kids get to the border.
If you go back and look at all the news reports, there were tent cities across the border with hundreds and hundreds of children, okay?
So the children made it to the border.
The real big issue that Hannah had reported on, and honestly, I just cannot believe that the news wasn't reporting on this back then, in 21, 22, 23.
She really did this expose in 2023, and she's still reporting on it in 24.
expose in 2023 and she's still reporting on it in 24 she found that some of the sponsors on on this side of the border okay had 20 kids and that the traffickers in fact which are bad guys recommended the sponsor name of somebody in minnesota there's a big hotbed in minnesota there's texas and in florida
so the bad guys were giving the sponsor name to bad guys over here and then she had found through her investigative reporting that some of these houses had 15 and 20 kids sleeping like sardines in two bedrooms and that 15 passenger vans were picking these kids up and working from like eight 8 p.m till 3 in the morning for kids that are 12, 13, 14 years old.
These are like babies.
And then she reported that a lot of the kids told her that the sponsor families were charging every kid in the house 500 bucks of rent.
None of the kids are in school.
Like this is human trafficking.
This is awful.
I learned about this, okay, when When I watched the movie from the director and I was like, what?
Why isn't anybody doing anything about this?
I'm like, I'll do something about it.
I'm like, I've got a lot of resources.
I'm a very, very blessed man and I should be focusing on helping.
And that's why I got involved in this whole thing.
Since then, I've got quite a bit smarter and I've met a lot of people that are trying to make a change, but they're pushing up against a lot of the media.
Nobody wants to talk about these issues right now because unfortunately it is a bit political.
The scary thing is that, right now, people are more interested in winning for the party than they are for solving the problems this country is facing, or that these child victims are facing.
And that, that terrifies me.
You know, we were just talking about this before the show, I was talking about this with some family and friends.
To me, it feels like the collective IQ of the United States has dropped by about ten points over the past five to ten years.
And maybe that's a really crude way of explaining it, or describing the phenomenon I'm seeing, but it really seems like, you know, what is it, how we can see a human being Someone, like for me personally, people that I've known for a long time, and if I went to them seven years ago and said, look at these children who are being trafficked.
I mean, this is horrifying.
Should we do something about it?
They'd be like, wow, that's messed up.
Today, they're just like, why are you against Kamala Harris?
And I'm just like...
I don't understand.
That's not happening.
You're wrong.
Like, what happened to the ability to think and reason and question?
It is terrifying to me that we're at the point where you're not even getting political on the issue.
You're saying, hey, we shouldn't let these kids be trapped.
This is horrible.
And they're like, well, you know, we could stop it, but it'd be bad for our team.
So instead, we're going to shut your movie down and not do anything about the problem.
If that's the direction this world or this country is going, then The dystopian future is outside the realm of anything that these authors thought, or well, or uh... The very nature of the conversation is political now.
You can't just say, human trafficking's bad, because that immediately signals to whatever political side you're on that, this is a political thing now, we're talking about the wall, we're talking about Trump, we're talking about the borders are, and that's pathetic.
Yeah we've got right now the other thing that like I've been I've been my life is is better and this project to me is a blessing for my own heart okay and
Like, when you have your kids, you know, my kids, I've got two in college and one just graduated, you know, and when one of my kids looked at me, my oldest daughter, and she's helping with this right now, Corinne, and she looked at me and she said, Dad, you're doing the right thing, you know, and she's fucking right.
I'm telling you that there are business leaders out there just like me, okay?
That people that are in business and that have the resources, they should join together with me and speak up, okay?
This is a big issue and we have a hundred Celebrities, business leaders, politicians on both sides of the fence that have joined hands together with us.
We've been in a circle, we've prayed together and cried, holding hands.
I was in LA and there are wonderful people that are behind us.
Tony Robbins has been a very big advocate.
He and his wife actually are very involved in preventing child trafficking and he's gone undercover, okay, to bust people and put, you know, fake mustaches on and stuff like that and he went undercover.
He's been very involved in protecting children.
And so he joined together immediately.
He doesn't need anything out of this.
Okay.
That Vivek Ramaswamy has been a great spokesman and partner for us.
And he said very clearly, it doesn't matter if you're on the left or the right, we need to protect our children.
Can I ask this real quick, when you talk about this story with people and I also it's beyond politics, it should be.
I wonder if it's that people hear these stories and they just have to tap out mentally because they can't take how evil it is and how widespread evil is because it's everywhere.
I mean, I would really ask that everybody go and see the movie, okay?
Because it's so important to understand that there are these really big issues that are going on out there, and there are some really bad people that are doing very bad things to children.
In Virginia, just a few years ago, Well, yeah, it was 2018, they convicted 13, MS-13 gang members for trafficking a minor.
I think she was 13.
And you can see all the messages that they were sending to their clients, you know, bringing the child to behind apartment buildings, doing stuff in the woods, violence to sell the videos to people in other countries.
And that was right here in Virginia and Maryland happening.
And that's just one, that's a fraction of how much that's going on.
I want to give a quick shoutout in the chat to Jack Frost, who says, I'm pretty sure this isn't live.
Now you're sure.
There you go.
Have you felt any pushback from, like, you've got celebrities and you've got politicians on both sides that are trying to stop this, but have you felt pushback from politicians or other prominent interests?
Have there been powerful business interests being like, hey, stop talking about this?
Yeah, I mean, it's funny that you say that right now, that we've discovered that META, we've recently written them a letter, But that we've made now, go to our website, cityofdreamsmovie.com.
We've got testimonials that have been made now by over a hundred celebrities, influencers.
I've met a number of influencers that have like three, four, five million followers on YouTube that all said, you know what?
We want to join your movement and join your cause.
That we have over a hundred testimonials where people looked at the camera and said, join our movement, join this fight to protect children.
And do you know what we just discovered?
We discovered that all of these celebrities, including like Mike Tyson and Sylvester Stallone that spoke up, They're only getting 5 to 20 percent of the normal views that they get on Instagram.
5 to 20 percent.
Everything they post gets tons of views.
A half a million views or whatever.
These things are trickling in.
There's hardly any views.
We wrote a letter to Meta, and we're trying to get a hold of them, and that it could be, okay, and it might not be on purpose.
I just can't think that it is, but it might be that the keywords of child trafficking, that they have to prevent the traffickers from using Facebook to network.
Apparently, Facebook was one of the biggest tools that lured predators to the children, and so it's true.
that there needs to be quite a bit of reform online to prevent some of these other bad things from happening.
And so it could be that Meta inadvertently has now suppressed and shadow banned all these celebrities that are trying to speak up, but it's only a trickle of the views.
But I would make a plea to Meta and to Zuckerberg.
I would say, listen, you should join the fight with us, please, Mark.
Like, I'm a business leader.
You're a business leader.
Please protect and save children.
You can help us right now and you should be helping to amplify our movie.
Amplify this story and try to protect and save these kids.
We need to find these children.
It's been reported right now that there's like 300,000 of these unaccompanied minor children that came across the border and the government now admitted they have lost contact.
That means they have disappeared.
Into the United States.
And we don't know where they are.
We don't know what adult they're with.
It's cuckoo.
It's, first of all, it's totally cuckoo that a 10-year-old kid could get to the border, and they're not with a parent or guardian, and that you could let a kid cross the border.
First of all, that's kind of crazy.
Like, that shouldn't be happening.
And that now, they've given them to sponsors with absolutely no vetting.
In the foster system, They've learned that foster families can exploit children.
A foster family needs to text back and forth and show a photo.
Wow yes that this whole system they've admitted now and there were a dozen of people at the at HSS that have resigned over this whole matter that the what you're talking about was all the whistleblowers that walked out and that Hannah Dreyer reported on this and good for her 40 kids going to one sponsor yeah Good thing for her speaking up for the children.
That is a liberal newspaper and she had the guts to report this and to report about these whistleblowers that walked out of there and they warned them that this system of giving these kids without vetting to these sponsors could harm the children.
However, That very senior people that were involved in caring for the kids in these tent encampments were being very, very, were given clear directive that it looked very bad on TV that all these kids were there and they said, you've got to push them out.
We want you to push them out faster.
And so, there's no check.
Nobody ever checked on any kid.
Nobody checked.
They let these minor, unaccompanied minor children into our country, and they never checked to see if they were okay.
For the people listening who are like, this is hyper-partisan, this conversation is so political, this also happened under Trump.
Many thousands of children went missing, and his administration said, once they go to their sponsor homes, we have no oversight, we don't check up on them.
So it's not just now, right?
It's been going on for quite some time, and no one seems to care.
Are you familiar with the story where it was Dr. Phil speaking on, I think it was on The View, right, where he said that He went down and interviewed Border Patrol, and they said children will come up with numbers on their arms that they know are sex trafficking rings, and they just send them right to these people.
Yeah, when I was in Yuma at the border, there's lettuce farms along the wall on our side, and the farmers will be like, children just walk up, young, eight years old, with numbers on them.
Like what Tim's saying, you just call this number.
Yeah, and then Hannah even reported, you know, she's talked to a lot of these children, that some of the children are responsible for paying back the three to five thousand bucks, and that it's like a loan on their head.
So now you've got, like, little kid indentured servants.
I'm mostly scared of, you know, I feel like we know the trafficking happens, we know bad stuff happens, but we assume that most people, 99%, 99.9%, the people who aren't traffickers or who are exploiting these kids, want it to stop.
And, like, with Sound of Freedom, the way the media attacked that film and called it a MAGA conspiracy theory, all this great, are these journalists Are they getting paid off by the cartels, or what is this?
I don't understand what their connection is to it, where they absolutely have to defend this machine.
If you're a journalist in New York and you hate Donald Trump, and you're writing, you know, Trump is bad, I don't like the man, and someone comes to you and says, would you like to write a piece about how there's sex trafficking on the border, for what reason are they like, hmm, I better make that story go away?
Yeah, I saw sound of freedom in the capital and McCarthy was still speaker He invited a bunch of people there and he said he invited everyone to come watch it Democrats not one Democrat was in that room No one and because at that point it had been in the headlines as this kind of right-leaning film There's no politics in that film, but that's what people believe so they couldn't show up because the second year In that room.
Now you're guilty by association, even though it's for a really good cause to help protect children.
But now we can see this consistently with movies where the critics are like, it's a bad movie, don't watch.
And the fans are like, we like it.
Now this is not, the reason why I find this interesting is, The audience scores are real.
I mean, these are people who watched the movie and said, yeah, it was a good movie.
What is this detachment that these media personalities, who are not well-off, wealthy people, for the most part, some of them are, But how is they all collectively say the movie is bad?
The reviews from the audience and a lot of the feedback, you know, I'm one of the filmmakers now and a producer and an executive producer on this film, and so I've myself talked to hundreds of people now that have seen the film.
Everyone loves the film.
As I said, it's a bit hard to watch.
This director, by the way, Mohit, I've said, he is so creative.
I mean, like, He could win an Oscar for this film.
This guy, who was arrested in 2001, these charges, he provided various voices over four episodes of Invader Zim, was on the Zeta Project, Justice League.
He was in Stewart Little, Deadwood for two years and 33 episodes.
You'd think after something like that, they'd be like, maybe we shouldn't work with this guy and have him around anymore.
So what I'm saying is, in 1990, There are these people, you know, pedophiles in deep seats of power, in media, and they're controlling narratives so they can keep doing these things.
I mean, obviously Epstein was doing his thing in the 90s, but is that just the reality that the internet comes out and then reasoned moral people are like, hey, wait a minute, what is this?
But, you know, outside of all this stuff, too, I don't know if you want to move on to talk about the real estate market and what we're seeing with these cities, but you were also mentioning that you work in real estate, and that you said there's the potential debt default, that we're seeing these big cities turn into ghost towns.
Do you want to explain what you're talking about with that?
So right now we invest in bonds that have commercial real estate loans as the collateral.
So we invest in bonds that have malls, hotels, warehouses, and office.
These are large mortgages that are $20, $50, $100, $200, $300 million.
And so the other day, and I've been studying the issue of the border and how it's affected these children.
And I do believe, when I was reading some of the news about the Venezuelan gangs taking over neighborhoods in Denver, And I was thinking, well, geez, like where did the migrants go that came across the border?
They were being bused and flown to many of the sanctuary cities.
And so I'm just really numbers and analytical.
And so I went to chat GPT that knows everything, by the way, it's crazy.
And I said to chat GPT, I said, tell me the top 20 cities.
In the United States where the migrants that came across the border were flown and bussed and it gave me a list of cities and I looked at it and I was like holy moly I was like 15 of the cities out of the 20 cities where all these migrants were bussed have the most Distressed commercial real estate in the country.
These are the cities that are in decline.
There is such trouble right now in these democrat-run cities in commercial real estate.
There are defaults happening right now On large Class A and Class B office building mortgages that are as bad as during the financial crisis.
I'm talking about tens of billions of defaults that are happening right now.
Americans don't even know about this, okay?
And so you ask me, hey, was there other consequences to all the migration that came in here?
And I say absolutely there was.
That many of these cities, like say, let's just talk about one of them and talk about San Francisco, okay?
Like, I'm proud that America led the world in tech innovation, okay?
San Francisco is an unbelievable city, okay?
Rich with culture, diversity, Free thinking.
I'm in favor of all that type of stuff, okay?
Very, very innovative in the tech industry.
Incredible, incredible city.
San Francisco right now is doomed, okay?
It's in a death spiral, okay?
That the commercial real estate in San Francisco is so distressed that just four or five years ago, The occupancy in San Francisco was 90 percent, okay?
Right now, there are so many buildings where the occupancy went to 60 percent, 50 percent, 40 percent.
Do you know what happens when you go under about 70 in an office building, okay?
You don't have enough income to pay the mortgage debt anymore, okay?
You cannot go below 75 or 70 percent.
Let alone maintenance.
No, no, it's a doom loop.
So basically, a number of flawed policies, OK?
And I didn't really intend to talk about policies in some of these cities.
You know, I'm really here to talk about this movie and about protecting and saving children.
But some of these things are connected.
And so in San Francisco, they made some really big mistakes, in my opinion.
Number one, That they decriminalized theft and that you don't even get a ticket if you steal stuff under $1,000.
First of all, I can't even believe that.
I think that if a kid is 13, 14, 15 years old and they shoplift some gum and some other shit, I think they should call the cops and and make a huge stink out of it.
Like, that's the way our culture like, I don't know, maybe I'm an old schooler, but I think that stealing is wrong and you should make a huge deal out of it.
Now, what did that do that there are pharmacies and CVS like that in San Francisco, all of the retail in the downtown business district right now, because they because of some of these flawed decisions that the city government and the state made. because they because of some of these flawed decisions that Right.
They're closing.
They're like, why would we subject our employees to all these peoples that come in and smash and grab stuff?
They walk right out of the store, they fill up all shopping carts and trash bags and they walk out.
It's like absolute lawlessness.
Okay, that's one.
Two, that their policies about these open-air drug and decriminalizing or not prosecuting for fentanyl and heroin, that's a big deal.
They're letting people use drugs like that openly and saying, let them do it.
Like, that's cuckoo.
That's so dumb.
Addiction is a huge problem in our country.
It's killing people.
And so what that did is that invited lots of crime and homelessness.
And so San Francisco has an incredibly, incredibly tough time right now with crime and homelessness.
And so what is that doing?
It's making the larger corporations that lease the office buildings not renew.
So office building leases are 10 years.
So every year, 10% are going to expire.
And you know what's happening?
Nobody's renewing in San Francisco.
These companies are not going to subject their employees to going in that downtown area that is so bad.
Because they're putting their employees at risk.
So some of these cities already had flawed policies, okay, that were putting their cities in decline.
They doubled down for some reason and welcomed hundreds of thousands of these migrants into these cities.
And now we're having to support them.
And then, unfortunately, as the news has clearly reported, many of the migrants are exacerbating the issues with crime, because there's really no plan to educate them and train them and give them jobs.
You can't bring migrants in and just give them free housing, OK?
Because they're going to go out and hustle.
And unfortunately, some of them wind up stealing.
So everything I just said about San Francisco, A half to a third of all the mortgages on office buildings in San Francisco are underwater.
That means that they're worth less than the mortgage debt and they're defaulting left and right.
So there are some really, really big consequences going on right now with policies in some of these Democrat cities.
Everything I just said about San Francisco, let's go to Philadelphia.
I mean, Philadelphia has incredible history, going all the way, hundreds of years in Philadelphia.
Philadelphia's a wonderful city, okay?
Philadelphia, it just pains me to see all of the videos about the downtown district and all the crime and homelessness and tent cities and drug use.
I mean, there are people all hunched over on fentanyl, and there's hundreds and hundreds of them.
And the same thing there, that nobody's renewing the leases.
There's one building on Market Street in there that it was in one of these deals called the SASB deal.
It's a bond deal because the mortgage loan is so big.
It's like $250 million or something like that.
And so they just make one bond out of one mortgage and they cut it up into A, B, C, D, E, F. Okay.
That the A is going to lose well over half the money.
Every single class is going to get wiped out.
So say you've got a $250 million mortgage.
It got appraised at like $325 million.
And you're like, okay, you think they could get back the $250 million?
This one building that I'm talking about right now, we think that it's going to sell for $50 or $60 million.
Nobody's buying it because right now it's worth zero.
That's right.
So when these offices go into decline, okay, when society is unraveling, okay, all of these policies are so bad.
It's making real estate like this worthless because unless you have a tenant that's willing to sign up and to go to work in Philadelphia, which you'd have to be out of your mind to go in there.
I lived in New York City for a while, and the prices were high.
But that wasn't what made me leave the city.
It was the escalating civil unrest.
And so I had seen these protests bubbling up, and I thought, man, You combine that with the high cost.
I'm gonna jump the river.
And I went to the Jersey side.
I said, it's a little bit cheaper here and I'm away from the mass protests all the time.
It's probably better if I'm here.
Then a couple bombs were planted on 25th Street and in Jersey City.
Some makeshift explosives were planted and blew up and I thought, Things are getting crazy in this country.
So I moved to, I immediately then moved to the southern portion of, still the New York Metro, but this is in Bayonne, and once I, like, with the continuing escalation of costs and the constant social unrest and what I saw as an inability to, I did not, I saw, I saw escalation.
I'm like, okay, South Jersey.
So then I moved down basically to the Philly suburbs.
And I thought, I'm on the other side of Philly, we're in a smaller metro, we're in the suburbs, we live in a bunch of trees, the prices are a lot cheaper, there's no riots and protests.
Then the George Floyd riots happened.
And I thought, okay, well we're not in Philadelphia.
Then the riots crossed the bridge.
And I thought, I'm getting out of here.
That was a big deal.
We started immediately looking for property, which was in Western Maryland or West Virginia.
And then when the lockdowns happened, we were out.
The property is substantially cheaper.
And now we're in the middle of nowhere because I don't want to be anywhere near what's going on.
And since then, fortunate to say that the, I don't know if you call it my skittishness or my ability to just see the patterns as they're unfolding.
When lockdown started, I was still in New York, I'm from New York, and I was thinking how it's if they shut down the city it could get to be like the 70s again my grandfather was a cop in this city in the 70s and his stories were just dystopian the city was on fire constantly he said he had dead bodies every day and then people would say well the city dies as it come back and I'd be like well yeah that city came back but with the policies that are happening out you're talking about and they were busing in all these people.
I don't know how you dig yourself out of the hole.
I mean, I think that some of these things, again, I don't blame the Democrats for some of their ideology to try to be kind to people, help people, give people opportunity, and give them services.
And, you know, we trade the commercial real estate debt.
Do you know what it did?
It made all the office buildings in the suburbs worth more.
And so there's a trend right now where, because I'm, I'm just measuring things.
I'm like, like, what is outlook for certain asset classes that I'm trading?
Like, so in office, I'm like, well, suburban office is an asset class.
Then there's the downtown market and the asset class.
And then I rank things by whether each of these cities are Democrat or Republican controlled.
And so, unfortunately, I'm just a math and numbers guy.
I predict what the, if things are going to go up, Or if I predict that things are going to go down.
And the reality is, and I'm not the only one, like every smart guy that trades these commercial mortgage bonds agrees with me, that the policies in those Democrat-controlled cities and the outlook in many of the cities that I mentioned Denver, I mean, St.
Louis, Philly, Chicago is in serious, serious trouble, okay?
That the outlook as well in those cities is negative.
Yeah, no, there is the ability, just like in the big short in the movie, and that had discussed how people had shorted these derivatives that are all connected to these bonds that we trade, there is a market in the commercial mortgage-backed securities to short some of these structures that I'm trading right now.
And some people, in fact, right now have very, very big shorts on.
Some very big famous people are shorting the deals that have very heavy office concentrations and they're betting that it's going to continue to get worse.
But what we've got, you know, during the lockdowns in New York, these buildings became ghost towns as it were.
I mean, people weren't going to work, so the buildings were vacant, basically.
For the smaller restaurants that were on the first floor of many of these taller buildings, maybe not even super tall, but maybe you get a building that's like four or five stories, the first floor is going to be a restaurant.
They've got $20,000 to $30,000 worth of food product that they have to sell before it expires.
This is why restaurants have specials, because they got to move that product.
When they get locked down, the food's spoiled, they can't reopen.
You have to buy another $30,000 worth of goods you've already lost.
You couldn't sell that.
Now you're in the hole, so a lot of them just went out of business.
What happens to a building that is, I don't know, ten stories?
When it becomes vacant, nobody buys it.
Have we seen, I mean, I've seen in other countries abandoned skyscrapers, but what is New York going to look like?
What is San Francisco going to look like when you have abandoned skyscrapers?
You know, something that really freaked me out is there are these channels on Instagram that, they're urban explorers, and they go into abandoned buildings.
One of the abandoned buildings was a food court in Chicago, in like a seven-story building.
Downtown, like a very prominent area.
And I remember, I see this, you know, Instagram suggests, they recommend this clip, and it's like, you know, inside a skyscraper, inside a building in Chicago.
And then I recognize where they are, and I'm like, holy crap.
And this is not, this is the city, this is the heart of the city.
That was freaky to see.
I could not believe that in such a dense area this could happen.
But, you know, outside of the fact that... I should say outside of whether or not a business can operate, the root cause, as you mentioned, is how bad these cities have become.
And you've got these videos out of Chicago where people are... There's a video of a guy, he's just shooting into the window of department stores.
These mass mobs, these flash mobs, are raiding these department stores.
Nobody wants to be there.
I remember during the 2020 riots in Chicago, it was a big deal.
I can't remember exactly what happened, but something happened where there was mass protests, and the city, I think they raised the bridges to keep the protests, to push them in the direction of residential neighborhoods.
And aldermen, who are basically the politicians representing certain neighbors in the city, were freaking out, being like, You have a financial district in the city, a commercial district, where these rioters are headed, and you push them into people's homes by doing this.
How could you even end up living in a residential area knowing that these kinds of things are happening?
There's been, I also trade bonds backed by residential mortgage loans and although that market's very healthy right now, really because there's a housing shortage and in part caused by some of the work at home.
The Fed lowered interest rates to very low levels.
It made houses very, very affordable.
Most consumers have already refinanced their homes at all-time record low rates.
That, in part, is actually making the housing shortage a little bit worse because people are very hesitant to move.
Because if you move right now, your mortgage payment, just to move into the same House will go up 30% so forget about upgrading so a lot of people don't really want to move They're happy where they are and that you know created less turnover buying and selling is what turnover is and but to talk about your story about how you made the decision to Have a different life somewhere else.
There's a migration happening that also affects our analysis of what the commercial properties are worth and There's a lot of migration coming out of California, coming out of Illinois, coming out of the Northeast, and they're going to other states like Florida and Texas.
And there are Democrats and Republicans that are migrating.
So there's a big migration happening across the country right now.
They're going, you know, some people are moving because of the taxes.
The taxes are very high at the state level at some of these states.
They're moving because of some of the policies that I talked about a little bit earlier.
One of the best business guys in the world, Ken Griffin and Citadel.
I mean, the guy trades 40% of every trade on the stock market right now.
So he's built the best software in the world.
It's usurped the New York Stock Exchange.
I mean, like all these exchanges.
He is the exchange for the stock market in the whole world now.
And he's created lots of other exchanges.
He's built some of the most advanced technology.
Illinois should be wrapping their arms around a successful guy like that.
He's one of, you know, he doesn't have like a public stock to look at like Elon and these other guys, but I think he's for sure one of the richest guys in the world, very quietly.
Okay, that a state like Illinois and Chicago, they should be embracing an entrepreneur like that, that's so innovative in finance, and they pissed him off.
He got pissed off being there, and he uprooted himself out of Chicago, and he moved to Miami, where I am.
And he just moved his whole headquarters into Miami.
And Miami's booming right now.
There's so many people moving to Miami.
We've got newcomers where I live, and they're all coming from California.
They're coming from New York.
They're coming from Massachusetts, Maine, Connecticut.
Do these big migrations you're talking about, going to Texas or going to Florida, They look good right now.
Do you see a potential for that kind of turning around and being a bad thing later on if people bring their policies that they still vote the same way?
And actually, I mean, I would make a plea right now to Elon, and I'd ask Elon, because Elon had offered, when Sound of Freedom came out, and Elon is an incredible advocate for free speech.
Okay and when Sound of Freedom came out he saw that the media was attacking Sound of Freedom.
I mean there were 30 or 40 articles that had said QAnon and right-wing and propaganda and like the left just attacked Sound of Freedom.
The same thing happened with Sound of Freedom.
The theaters were trying to block it.
They were reducing the theaters like what's happening to us right now.
Elon saw that and Elon Musk made a tweet, okay, and he said, I've built a movie streaming platform that could stream Sound of Freedom just like Amazon for video on demand, and I won't charge a penny, and I could stream this.
And at that time, the producers, including my very good friend, Sean Wolfington, who was one of the producers on Sound of Freedom, for whatever the reasons were, they decided not to do it.
I would invite Elon right now.
I mean, I'm the producer here, and tell him that when we end in our theaters, that we would love to work with X, a champion of free speech, and we could stream.
This would be one of the first major feature films that we would stream on his platform.
On X. I think he's brought one or two documentaries now, and so we would love to work with him and have the video on demand and bring it through X, a champion of free speech.
Because I do think that right now we're dealing with censorship.
We're dealing with the media that doesn't like this.
A lot of these things you guys are talking about, which is just nonsense.
I mean, our movie is about protecting and saving kids, which really like this topic, like what is more important than this right now?
And honestly, like I, you know, we might've gotten off track a little bit just talking about Migration and the city politics and cities that are going down, but unfortunately some of the issue with these children, it is unfortunately all connected to the flawed policy of migration and letting too many migrants into our country without the proper amount of controls, okay?
So that's one of the things that caused some of the exploitation of children and it's a little bit about, you know, what our movie What our movie is about.
You, I think you were talking about something else and interrupted me, but I, I, you know, this movie is so creative.
Okay.
Let me just tell you, the movie is, is very, very good that there are dream sequences in this movie that have Jesus.
Okay.
That he's dealing with, with an awful situation held by his captors.
Okay.
So the children, That they're abused and they're beaten and it's a very dark, almost dungeon-like place that they're being held in a basement with orange dimly lit lights and they're all packed into a room and sleeping together at night.
I mean, it's really awful conditions.
And so That Jesus, the hero in the story, he always dreamed of being a soccer player.
He thought, as you'll see in the movie, that he was going to America to go to soccer camp.
And the traffickers showed him a pamphlet and said, hey, we're going to bring you to the soccer camp.
And so part of the story showed him dreaming of getting to go to a soccer camp.
And what happened?
It turned into a nightmare.
And the film is so creative that our director, Mohit, okay, that there's dream sequences that where Jesus, because in order to deal with what he had to deal with there, he kind of comes out of his body and he starts dreaming of being a soccer superstar.
And so these dream sequences have him like in London with a hundred thousand fans and he's dribbling and playing soccer on a professional level.
And the whole crowd is cheering for him.
And instead of all these dark colors, the whole screen in the theater, it lights up.
And there's hope.
OK?
So like, this film should win an Oscar, in my opinion.
Like, it is so good.
These dream sequences, it gives the Jesus a break from what he's going through.
And do you know who needs a break, too, in this movie?
Is the audience.
OK?
Because then it lets the audience have hope.
And all the colors on the screen change.
And then like that, bam!
It's back into a very, very harsh world for these children.
And so the movie is rich.
OK, it's rich.
The story is very rich.
There's another dream sequence of a shaman character.
The shaman character is part of a lot of the Mexican culture for them.
You know, a lot of the Mexicans, they believe in Catholicism and they also believe in a long history of of the Day of the Dead.
They kind of worship all of their ancestors that came before them.
And this director, Mohit, also, to make the story rich with imagery, weaved a character, a shaman character, that appears.
And he appears to protect the child.
He prays for the child in this movie.
He says, Lord, and this is a scene, it's a flashback to his birth.
He says, Lord, protect this child.
And help him to achieve his destiny.
And you know what the destiny of Jesus?
His destiny, even though he was a mute, okay?
This story has the hero that can't speak, okay?
And exacerbating the issue of being captured and put into slavery.
His destiny was to stand up with courage and fight back against his captors.
And at the end of this story, okay, that Jesus, he found his voice, okay, and this is, it's very emotional in our story, and he screams, and he had had enough, and never in his life had the hero in this story ever spoken one word, okay, and he screams.
Because he had had enough, and some of the police that were on to what was happening were lurking around, and it was his scream that alerted the police, and they brought them in, and they saved all of the children.
I mean, I'm real much smarter on it right now after, you know, it's been since about March.
I saw the movie.
As I said, I was very emotional.
I thought the movie was also excellent.
Like I'm saying right now, I was touched by it.
I talked to the director for quite some time and then right away I said, I'm going to support you.
Since then, I've learned quite a bit about child trafficking and corporations, unfortunately, that are using vendors that employ child labor.
I've learned quite a bit about the border issue, like we've talked about here, where there's a clear problem where unaccompanied minors came into the United States and they're now being used in the sex trade.
Um the uh but the but but yeah I mean as I was saying that the the story is is uh it's very creative and uh you know I really enjoy a lot of the dream sequences and it's very inspiring at the end of the story when the children are saved and uh So I really recommend that people go and see the movie.
I hope we overcome some of these issues right now with the theaters, and I'd make a plea to all of the theaters out there to please consider how important this message is.
Yeah, well, first of all, as far as our film goes right now, part of why I came here today is that I'm trying to raise awareness on the topic.
I think that there's nothing more important than protecting kids in this country, honestly.
The kids are our future.
So so that I hope that people could understand what this issue is and learn more about it.
I mean, that's one.
Number two, I'd really recommend that people go and see the movie.
You will learn so much and you will feel what I felt.
OK, and so if people could go and see this movie, and then I think that people should demand to be able to see the movie and tell their theaters and speak up and say, you know, we-- unfortunately, they've cut us out of a lot of the cities, so we're in a lot of the major cities.
So the people that live in a lot of the major cities now should go and see the movie and fill up the seats and speak up.
So I mean, I think that's one-- that's one-- that's one step here.
Um, I think that new legislation should be enacted to try to help and protect these kids and to change some of these flawed border policies and to create a system that would vet all of these sponsors and to make sure there are weekly checks to make sure that these children are protected.
In the primary season for the Democratic Party back in, I think it was 2019, might have been 2020, every single candidate said that they would decriminalize border crossings.
So this means if you decriminalize border crossings...
You don't stop the individuals.
I mean, if it gets stopped, it's a, give me your information, please.
It's a civil infraction, which means you'll have a hearing at some later date.
That's what we've been seeing under the Biden administration.
The people who cross the border illegally, you know, I mean, this is the challenge of politics right now.
We're trying to figure out how we stop this.
The reality here is Donald Trump had a policy while he was president, which the media referred to as family separation.
The reality of that is if an adult man has a young child with him, we don't know if it's a child predator or the parent.
And so the policy is intending to, I don't know whether you can say it was effective or not, but the general idea is, okay, we need to take this kid aside and ask this child who they are, who's their parent, and make sure they're actually with their parent because we're trying to stop trafficking.
When Trump tried to do this, they said that he was just separating children from their parents as a threat to terrify people who might come.
Now we have under the Biden administration, when someone crosses the border, they get their name written down and sent on their merry way.
We know from Dr. Phil, of all people, not a conservative guy.
That there's many children who have numbers on their arms, which are phone numbers for child sex traffickers, and CBP just says, go on with it, have fun, I guess.
And you've had CBP agents admit they know that these children are going to these rings.
So the challenge, I suppose, and perhaps the reason why you've gotten the pushback and the reason why they're taking it out of these theaters is, It's a motivating factor against the Democratic Party for those that are paying attention to what's going on.
You know, for the longest time, the media said that Kamala Harris was the Borders are.
Now they're vehemently denying she was ever the Borders are.
No, that's not true.
It's not a real title.
Well, it's never a real title.
It was a colloquial term to represent that she was supposed to deal with the crisis, the security crisis at the border, which she did not do.
Donald Trump is the Border candidate.
Kamala Harris, Joe Biden, Democrats, they're not.
When I look at the pushback your film gets and Sound of Freedom, my conclusion is not that they feel politically vulnerable by this problem being brought to the forefront, but that they want the problem to persist.
Well, one of the arguments is the United States is below replacement rate fertility.
The fractional reserve monetary system that we have cannot be sustained unless jobs, we have job numbers going up.
You can't add jobs without people to take jobs.
So if replacement fertility is down, we're looking at, in a generation or two, serious recession or depression repercussions when the job numbers will, you literally cannot increase.
You're going to get your quarterly jobs report or whatever, you're going to be down a hundred, a hundred, a hundred.
Because there aren't people.
So what we get then is the Democrat policy of just let them all come.
We need these jobs numbers filled.
Give them work permits.
There's a question of why the government is giving work permits to these unvetted random people who are crossing illegally.
It boosts the numbers.
It boosts the job numbers.
Now the fascinating thing is you're mentioning these buildings.
It's all connected.
Nobody wants to work in these cities anymore.
The buildings are collapsing.
Vacancy rates are going up.
These buildings won't be able to sustain themselves.
There's going to be an economic crisis that is not going to be alleviated by just flooding the system with more potential workers when there's no jobs.
So you need a functioning economy with real growth, and you need the people to work those jobs.
And it seems like we're not going to be able to have either.
So when I look at, to bring it back to your film, and how it's all connected, I think there's a really obvious reason why this and Sound of Freedom are blocked.
If the American people are aware of what the border being open brings, then the American people vote against those who have stated in the past several years they want it to be a civil infraction, not a criminal violation, to enter this country outside of one of our ports of entry.
If that's the case, and it is, I mean every single Democratic candidate raised their hand saying this was their policy.
What we're looking, I mean even the moderate ones, what we're looking at now is, if you vote Democrat, the numbers will likely increase.
You will see more non-citizens in your community centers, in your schools.
They will need to find housing for them.
Perhaps these abandoned skyscrapers will turn into migrant housing.
So the end result is people watching City of Dreams or Sound of Freedom ultimately It's a positive pressure for Republicans and Donald Trump to come into office and say, we need security at the border.
And maybe you still want large migration, but it can't be at this level because you'll have to vet the people coming in and making sure these children are not being trafficked and are victims.
Yeah, if you're looking around America and you feel like your country is suffering and diseased and you go to the border, it's like you're looking at the skin of the country and there's the lesions.
You're like, oh, this is where the problem is starting.
One of them.
Because it's just collapsing at the border.
I have a letter, it's published in one of my articles at Scanner, at sdnr.com, that I got from Carrie Lake from a patrol officer who was like, They don't care what's happening here.
I really do think it has to do with population collapse.
I talk about it all the time.
You go back to the 2000s.
Several reports showed that in the 2000s, fertility among conservatives was 2.01 and among liberals was 1.43.
And among liberals was one point four three.
So we were averaging around like one.
What is it like one point eight or one point nine below replacement?
That means in a generation when, you know, 20 years is a long time.
You get a lot of retirements in that period.
There will be less new workers entering and more exiting.
So what happens with COVID, I'll tell you, I'll give you this example.
Local casino, Charlestown Races, they used to have, so Saturday, I think it might be a Thursday, Friday, Saturday, I'm not sure, but Friday, Saturday, for sure, they have the horse races.
They're fun.
You pick the horse with the silliest name.
If it wins, woohoo!
Or you can say show or place or whatever you want to do.
You can do some pretty crazy bets on the horse track.
And you could bet ten cents.
It's fun.
But they had a restaurant.
And the restaurant had cascade seating where you would order food, sit down with your friends, and then you could go up to the counter and say, give me a dollar on Goofy Goober the horse or whatever.
Then you'd eat food.
That's all gone.
And I asked the staff there, this is like one of the best attractions.
Kids are allowed to come.
So the parents can bring their kids to the racetrack to have dinner.
Why did you guys close?
And they said, we can't get the staff to reopen.
We don't have the people to do it.
I said, well, okay.
I mean, the jobs are rebounding.
Certainly there are people who need jobs.
They said, no, no.
It's that everybody retired.
So they also had poker dealers.
This was another big issue.
How come you guys went from 50 tables 10 years ago to 9 tables now?
Well, a big portion of that is too many casinos are opening, and this is a whole other story about social degradation.
But they said the real reason we dropped so many tables is because the dealers all retired.
And I said, you can't find new dealers?
Nope.
So what we're seeing now is, with COVID, there was a wave of retirements.
A lot of people who are at retirement age, or who are nearing it, and maybe want to take an earlier retirement, decided, look, I got two years to retirement, they locked everything down, I'm not working anyway, I'm done.
The other component of this too is what I refer to as our managerial crisis.
A lot of people on the right refer to this as DEI.
The problem that we're facing, they say it's a diversity, equity, inclusion, is what's like these planes and the wheels falling off or whatever and the failed mechanics.
I think it's not about DEI.
I think DEI is an effort to alleviate the managerial crisis.
Older individuals, boomers, people who are in their 60s, once COVID hit said, I'm done.
And we're talking about a chief mechanic, perhaps.
The younger guys don't know how to operate and run this stuff, and they don't have enough staff to replenish when all these people left with expertise.
So now what they're saying is, well, we need to, uh, bring on new people!
Diversity!
And don't get me wrong, there's a difference between, like, certainly if there is someone who's capable to do the job and you don't hire them and say, go for the diversity individual, you are contributing to it as well.
I think the real issue is that older people are leaving in larger numbers, they're taking their skills with them, and there aren't enough younger people to fill these jobs.
I think the system doesn't want to admit it.
I think the government doesn't want to admit we do not have enough children, and right now, let's take a look, let's ask the question if there is no mass migration.
Unchecked, open borders is what we're looking at, and children are getting trafficked because of it.
Why won't they deport the criminals?
Why won't they deport these people who have committed murders?
Where do we end up in 20 years?
I think average fertility right now in the United States is like 1.7 or it might be 1.6.
For every two people that leave in the next 20 years, only one and a half come in.
A guarantee that our jobs numbers will go down.
We will have a recession and possibly a depression.
Democrat policy is then open the doors and let everyone come because we need people.
The end result is we don't know who these people are.
We can't vet them.
This is what happens when you panic.
We're getting now these crises in various cities.
Local communities are extremely upset.
The machine then attempts to tamp down on anybody who speaks out against this because the machine is dying.
So that we'd have to really study all that data to see what the fall off is that you're talking about.
I mean, the, you know, the, the wave of the migrants that came in, you know, 13 million or whatever the number is of both the legal and the illegal that that's caused some of the problem with harming the children, you know, for sure.
Because that, yeah, because a lot of people that have come in, they don't have jobs, you know, some of them are, they're minors, like we've said, but, but they're causing social unrest across a lot of the cities.
They're also, they're also creating a burden on many of the cities.
I mean, there's so many programs right now that are doling out 20,000 bucks, you know, per family or per person for free rent, free.
You mentioned New York City earlier.
Yeah, that's like that right now, because I trade the hotel debt right now in New York City, 20%.
20% of every single hotel room in New York City, the city is paying for migrants to stay.
20%.
I mean, it's like billions and billions of dollars.
They're feeding the migrants and they're putting them up right in New York City.
I have a lot of family who are waiters.
I was on CNBC and Brian Sullivan, who I've known for 20 years, I've been on his show at different networks that he's been on over my career.
And he mentioned on the show, he was like, I can't believe it, John.
That more recently, just in this last year, now there's kids that are 8, 9, 10, 11, 12 years old, like young kids with no parent around, and they're selling fruit and water in the subway system.
Some of these changes are right in front of us right now, and it's impacting society for us.
And then underneath some of this is the fact that what our movie is highlighting, that a lot of the children unfortunately wind up being exploited.
Another thing that's interesting that I heard too that's shocking to me, and it talks about prostitution, Which is another issue, you know that that's sort of in the category of the exploitation of women which I'm against Okay, and so prostitution is another issue.
That's a serious issue here in our country and one of the things that I read said that 60% of Women that become prostitutes come out of the foster program.
So these are like children that are already in broken homes and that's a program that Has monitoring of the kids.
What in the world is going to happen to these three to five hundred thousand kids that came across the border undocumented and there's no way to check up on them?
How many of those are going to wind up becoming prostitutes when they have no guardian?
I met, there's a survivor that went to the red carpet with us for our premiere in Los Angeles, and I spent some time talking to her.
I can't recall her name.
She has a video on our website.
I'm talking about her experiences and it's just awful.
She was trafficked at 8 years old and she was doing like 20 tricks a day and 8 and 9 and 10 years old.
So she told me her whole story and that the people that trafficked her had hundreds of Polaroid pictures of all the children that they were in contact with from other bad guys.
And so there was this underground network that was here in the U.S.
She was trafficked from Central America.
And and that was going on, you know, 15 years ago.
So this isn't something that's new.
OK, I think that it did explode more recently.
But it's something that's always been lurking behind the scenes and something that collectively as a society.
OK, that we should all be addressing together.
And then the big.
companies that are out there that make our goods, they need to be addressing this to make sure that they are not employing child labor.
All of the big tech companies, like we mentioned before, like Facebook and Zuckerberg, they should be doing everything they can to protect our children.
And I know that they're working on it right now. - We've heard the stories about the bridges at the border and the parents leaving pictures of their daughters all over the bridges and they've all been taken.
They don't know where.
I remember some congressman maybe five or six years ago telling about how there was a skyscraper in New York City of a young woman telling her story.
She was in that, you know, skyscraper.
It's like a hostage and Johns would come in all day long, you know, underage.
And she spent her years like that stuck in this place.
It's...
It's unbelievable how widespread it is and happening in all the places you wouldn't think it is.
I don't see, you know, when you have a conversation like this, how the current administration, the only real action one could take is to support candidates who are calling for border security and it's not the Democratic Party.
But this is the big challenge politically with most things we talk about.
We want to believe and we hope that there can be a bipartisan solution and that we can reach out to anyone, be it a Democrat, Libertarian, Republican, and say, we got to deal with these problems.
But the moment you entertain the solutions to this and you look at the current administration failing to do anything about it.
The end result is the Democrats don't seem to be motivated to solve this problem.
In fact, quite the opposite.
You then run into diehard Democratic voters who are just going to default to, you know, you're a Trump supporter, you're crazy, you're a fascist, whatever.
And then this is the bind we end up in with most of the problems I think we see today.
Certainly with what we're looking at in terms of these buildings and a potential default is not a good thing.
Why isn't there an effort to solve the problem?
I don't think it's a lack of awareness.
I think they know full well exactly what's going on.
There's no guarantee, I suppose, if a Republican changes it, but at least one party is saying, hey, let's stop bad thing.
The other party is ignoring it, or at least pretending like they're doing something and doing nothing.
Yeah, I used to think we could all agree on protecting children until the last maybe five or six years when the way everyone defines protecting children became different.
There's people on the left who say protecting children is giving them puberty blockers now and people on the right saying that's that's bad, you know, but I want to protect the child.
So even when it comes down to that, Our definition of protecting innocence has changed and it spreads out from there to the border and all these things.
So I don't, that's why I don't know how you fix this politically.
I believe the border should be shut down right now and we could handle that way better.
But I think that it's like to fix, you've got to get tough on folks that exploit the children.
For example, I read something that said that in California they were against increasing sentencing for the Johns that hire prostitutes as long as the girls were over 15.
And that it was supposedly Right now I think, I mean I could be wrong here, but I believe I read something like this, maybe you guys could search that, but that there was some legislation that was being shot down or something about being tough on the men that are hiring these women and right now it's only a misdemeanor.
I think that one of the things is that you need to be really tough.
It's supply and demand.
So I think we need to get really tough on the demand side of the equation and that's going to be on a federal level.
So that's like politician.
That's your congressman your senators the president.
They've got to get tough and talk tough and take action because we've got to squash the demand so that and then the cities and the counties they could they could definitely deal with the demand and so It's going to be a big effort, I think.
Like, how do you help protect these kids and put an end to a lot of this stuff?
I think it's a joint effort.
It's going to take corporations.
It's going to take philanthropies.
It's going to take filmmakers like what we're doing right now.
It's going to take influencers and celebrities that could all talk about the issue.
Yeah, I think the more you talk about it, hopefully people accept the reality.
You know, I mentioned earlier the thing I wrote about in Ohio with Alex Rosen.
Those are unorganized people who have this appetite for evil, right?
Going after children using Facebook and other platforms, Roblox and whatever games they're using to talk to kids and lure them out of their houses.
So there's that you got to deal with.
This stuff you're talking about you're dealing with like the government helping Gangs helping you talk about the border and it's very organized and they're using these online tools That's got to be completely stopped somehow, but it doesn't seem as of like I said as of this year It doesn't seem like they're doing much to stop it.
They're doing much to stop people who are saying things politically They don't like when it comes to the kids What?
The thing about those videos is there's so many different people who are doing those things and they go and they publicly shame these people, which I get it.
But look at San Francisco, where if it's not a thousand bucks, you're free to go.
And now we've got videos of people, they walk into a Walgreens with a garbage bag and just dump everything into it and walk out and no one can do anything about it.
I think it's fairly obvious that there are powerful interests that want this problem to continue for whatever reason.
It is perhaps managed decline of the United States.
It could be... So, you know, I pulled it up.
The fertility rate in 23 was 1.62.
And so you are not replacing the workers who are retiring or the people who are dying.
And to make matters worse, you need about four workers to support one Social Security recipient.
So it's not even about whether the jobs can exist and the jobs numbers are good.
It's that if we drop to three workers per one Social Security recipient, then Social Security becomes insolvent.
And they're estimating eight years is when the system completely breaks and then it can only fund what goes into it.
Then we're looking at many people who are going to be, you know, in eight years, who are going to be, you know, in their 60s, and they're going to have no money at all.
And they're not, and many of them aren't going to have families.
I don't see how we, the system can survive without, honestly, With the rate of mass illegal immigration, which they have welcomed, probably in desperation, I suppose, and the problems we're seeing now with defaults, or the threat of defaults on these office buildings... Well, it's a pocket of cities.
Because Apple created the iPhone and it changed humanity forever.
Because everyone now is so addicted to staring at your phone all day that I think that there's a correlation between everybody staring at their phone for 2, 3, 4, 5, 6, 7, 8 hours and then bonding and connecting with others.
So, like, how could you have such a bond with the iPhone and then, like, you should have bonds with other humans and procreate.
I think teaching people how to use it There's, in Harper's Ferry, the parking lots, the parking spaces require you have a smartphone.
And there's a bunch of, I mean, probably most parking lots these days, it's QR code pay.
And so I was parking over Labor Day weekend, and we went in this parking lot, we asked the guy how to pay, and he's like, there's this sign with the QR code.
And I went, okay, no problem.
However, what if someone doesn't have a smartphone?
But the assumption is it doesn't matter if you don't, then you're not a customer here.
The system has been censoring and trying to shut out anybody who has a narrative that's not approved.
And the money you get is just, they don't need to give you a score of one to a thousand or whatever, because you're just going to have money or no money based on the social things you do.
It's all, you know, you use your phone or your neural connect to order a car that pulls up with no driver.
Can you afford?
Have you been a good citizen?
Has your influence been positive or are you banned?
And if you're a positive influence, the money in your account goes up and you can pay for the car ride and it auto deducts it without any kind of transaction just through your neural connect or whatever.
That's the scary reality of the future, where we're going, and people who say, I won't do that, maybe you'll live in a homestead out in the middle of nowhere, which the machine state will be fine for you to do, because you'll have no influence, and then you'll eventually just cease to exist.
The digital age is moving so rapidly right now, and the way that information is communicated and transferred, I mean, I've learned quite a bit about
The digital marketing recently only because you know I'm involved in this film I wasn't really you know I'm not real big on social media and uh but uh but I've met many of these uh influencers recently that attended some of our red carpet and uh it's really amazing how many people can earn like 50 or 100,000 bucks a month I just can't even believe it.
I mean, I look at the content they're putting out and I'm like, well, it's like, not bad.
They're famous people that have 5 million followers.
And I'm like, holy shit.
They're making like, like they're rich.
Like they make like 50, a hundred thousand bucks a month.
There was a couple of really interesting girls that are supporting us.
I can't recall their name.
I've met so many people that are supporting our movie right now.
These two girls have like a LinkedIn.
That has 200 or so other followers or 2000 or whatever it is.
They built like a LinkedIn thing and they offer services for all these other influencers and then they are supporting us in our movie and they brought some big influencers.
I had a party at my house.
I have the Scarface, the home that was in the movie Scarface.
Really?
Yeah, where Michelle Pfeiffer goes up and down the elevator.
We don't like it.
My wife and I don't like owning that house because all these boats go to our backyard and take photos.
People run up to our stainless steel doors.
We don't have a gate or anything, and they're all running up there and, you know, taking photos and stuff like that.
But now that I'm supporting this movie and another one, you know, I'm like, hey.
So I was talking to these young people and I was like, Hey, here, listen to this.
And I had like 20 of these influencers and they all had like, I was like, wow, you know, the follower, you got a million, 2 million, 3 million, 4 million followers, 5 minute.
And I was like, and you look at them and I was like, they don't really look like giant celebrities.
They look like us.
Like I was like, holy shit, like these are powerful influencers.
And, uh, and so I started talking to them about our movie and then I kind of pivoted and switched gears and said, look, you know, You guys are in a position to use your voices, okay?
And you've all been very successful.
And it reminds me of what I was like when I was in my low 30s.
And I recommended to them and I said, all of you, all of you are entrepreneurs, just like I was in my low 30s.
And all of you should really take a moment and think about trying to help others.
Because if you give 5 or 10% of your energy every day, okay, it could be money, it could be creativity, and it could be using your voice.
And I told them, it's going to make your business better.
It made my business better.
It made me being generous and giving back and having a good heart.
It made my company more successful.
There's no doubt about that.
Okay, because it draws in people to your business.
It creates long-term relationships.
All the guys in my business that were other bond traders and sales guys and all the guys that were entertaining clients in the wrong way, that didn't have the same ethics and they didn't have the same family values as me.
Okay, where I take care of my family, all my extended family and everything, like those guys that could go and and do this out with clients and do all that and go to all the, you know, get the women and all this other shit that happens in the financial industry with people exploiting women.
A lot of those guys flame out.
They do well for a while, but they're not in it for the long haul.
That's what I was telling these guys.
I was like, listen, you guys are all successful and I'd ask you this.
I would tell you to think about trying to help others and use some of your influence and attention to do just that.
And they were all very quiet and they were listening to me and they look at me and they're like, wow, this guy lives in the Scarface house.
This guy's successful.
And, uh, you know, he's, he's got, you know, the trappings of success.
And then I turn around and I'm like, look, like, you know, if you want to be successful, then you should think about helping others.
No, I mean, there are people who are worth an exorbitant amount of money and I wonder why it is that we don't see more activity in terms of, you know, like what you're doing, right?
Like, what do they do?
Do they just put their money in yachts and buildings and then forget about it and have someone manage it and then just buy a summer house in the Hamptons or something?
It seems like my wife and I are surrounded by other people that are like-minded like us.
And so we're in a network of people that are really wealthy like us and very blessed.
And then we also hang out with a lot of people that we went to high school with and elementary school.
And so we really are hanging around with people of all shapes and sizes.
And, you know, we have friends that are Democrats and Republicans.
I mean, just to your point, like, okay, so you have other successful business leaders or people that made money and are they giving back?
I mean, I was mentored by a lot of wonderful people when I was younger, both in business, okay, when I was in my lower 30s and late 20s, that had really mentored me and made a really serious impact on me to think about being generous to other people.
And a lot of them are all throughout South Florida.
There's a wonderful man named Rick Case.
He is an automotive dealer.
He really made the Boys and Girls Club of Broward County.
I mean, they're the number one chapter in the whole country.
And he mentored me when I was like 29, I joined the yacht club in the Bahamas called the Cat K Yacht Club.
That's actually where this home I bought an estate in 03 called the Manor House.
It's 100 years old.
We've got a number of guest homes and gardens.
I had a really big year in 03, and I named my film company, Manor House Films, after my property over there.
But when we had joined, and Celine and I joined that community, we bumped into some people like Rick and Rita Case.
I mean, they've made tons of money in their auto dealership.
They're at 25% of their energy.
All they do every day.
I mean, unfortunately, Rick passed and we actually had a really nice reception for him on my property at the Manor House for his family and for Rita and all the membership that was there.
But there are people like that that I bumped into when I was like 29, 30, 31, right as I was starting to make a bunch of money.
And I saw them and the way they conducted themselves in business and what a big heart they had.
And I was lucky that I was mentored and inspired by that family and many others throughout South Florida.
And I can't say it enough.
Like, we don't need socialism or anything like that and, you know, Robin Hood and take from the rich and give to the poor or whatever, but that all of us out there have an obligation as humans to think about caring for others.
And it doesn't have to be with your money.
That's what I keep saying.
Like, you don't need tons of money to change the world.
All you need to do is get up every day and try to think, you know, how can I help my neighbor?
Okay?
How can I be a good person?
Um, how could I write an email and advocate for something?
Okay.
You could do that every day, every day.
You could say, how could I make the world a little bit of a better place?
I mean, she can spearfish better than any of the boys out there.
She's very attractive.
She's pretty.
She's smart.
She graduated magna cum laude recently from University of Richmond, double major finance and Spanish, but she's a badass spearfisherman.
Anyway, so the Devaney's are spearfishermen.
We shoot fish underwater.
We shoot groupers and snappers and all stuff like that.
I've been doing that my whole life.
I love boating and traveling on boats and stuff like that.
And I like adventure.
Okay.
And then like you, and I see the guitar right here.
I, my whole life, I'm so passionate about music.
I love music.
And I've been hiring music recently as one of my hobbies.
And so I think the last two years I've hired about 55 days of live music to play for me and my family and college kids.
Probably about 45 of those days are at my property in the Bahamas.
We have music play at lunch and dinner while we're in residence there.
And then I hire music at business conferences and at my home on Key Biscayne and that type of thing.
So I really, really love music.
And then the third hobby that I have right now is mentoring kids.
Like there's no question that I am so connected to being around kids and it's made my life so rich and it's such a blessing for me.
And this property, And I named my film company, Manor House Films.
It is a blessing to me.
Why?
It's because it's a platform for me to mentor kids.
I bring to the Manor House, I bring 20, 30, 40 college kids at one shot, okay?
And that we have one table that seats 24 in this hundred-year-old dining hall, and then we'll put another table that seats 10 right next to it.
So we very frequently have 34 guests.
And it's really an incredible place for me to talk to these kids and mentor them and let them talk to each other.
And I'm kind of an old schooler when it comes, you know, the kids wear a collared shirt when they come to have dinner.
I don't care what kids wear when they're at lunch, but and they're not supposed to.
You know, you can't interrupt grown-ups when they're talking.
You got to make eye contact.
Lots of cool old school stuff.
Don't do your damn phone in front of Big John.
They all call me Big John.
So I'm like, there's no phone.
A lot of the phones have to go away.
And I want to listen to music with these kids.
I want them to talk to each other.
And I mentor them.
I let them express their feelings.
And And so that's like, for me, that's what makes me happy, is talking to kids, trying to talk to the next generation.
A lot of kids have issues at that age when you're like 18, 19, 20, and they're all trying to find their place in the world.
And just like earlier when you said, oh, that was so nice that you had a mentor in philanthropy, Kids need other adults to connect with them, and some kids have emotional problems, they've got problems with confidence, and everybody's sort of maturing at a different pace.
Even when it comes down to learning financial literacy, my wife and I talk about this all the time, I got none of that growing up, and neither did she.
Our schools didn't teach us, and neither did our parents.
So it'd be nice, I think, more kids need to understand that.
If you're going to navigate this world, obviously you need your morals, Yeah, I love, I love, I love, I love encouraging kids to dream.
And so like, I'm an example.
to know how money works, how to save, all these things that we don't do at all right now.
And so, like I'm an example, people look at me and they're like, wow, you got this really cool place in the Bahamas.
And I'm like, listen, everybody can dream.
You can dream and you can accomplish anything that you dream about and put your mind to.
And And so I love encouraging people to follow their dreams and do things that they are really passionate about.
And that they enjoy.
I know that like everybody doesn't always have that opportunity and they come from all kinds of walks of life and everything.
But everybody has the power in their own mind to dream and then to try to follow through.
And so that's what I talk about a lot with the kids.
And I do talk about business and I tell a lot of the kids my own story.
Um, you know, when I was growing up and all the things that I did, I was actually an entrepreneur in college and I bought real estate and I read all these books on real estate investing.
And, uh, you know, I made like hundreds of thousands of dollars, uh, when I was in college, actually I started trading stock options.
Um, you know, I think that, uh, I think we're going into our second weekend.
And so, um, I'm optimistic that, uh, we can sell out all these theaters.
Um, we're raising awareness.
We're encouraging people to fill up all the theaters that we have left.
Um, I think that, uh, I hope that, uh, people could stand with us and, uh, and sort of demand that the theaters open up more theaters.
It would be great to see them, uh, take us back to 500 and then 700.
Um, and so I'd really encourage people to come and see our story.
It's so important that people watch this story and learn a lot about this issue right now.
And like I said before, it's a real thriller.
Like everybody that all of the reviews and people are like, the movie is excellent.
And it taught me so much about these issues with children.
It's very exciting.
The ending's beautiful.
I mean, if you want to go to a movie and cry and feel in your heart and connect with these kids and be touched by something, I would go and see the movie.
And my friend who has his vacation house on Key Biscayne, Andy Garcia, is in it.
Andy told me, The film business is very risky.
You're going to need all the help you could get.
And I'd love to be in your film.
And so Andy joined us.
Very, very exciting film about an addict and the journey that he has dealing in a world of wealth, politics, and power in one hand.
And then there's another seedy underworld that involves exploiting women.
And drug use, drug dealers, and pimps.
Nicolas Cage plays our pimp in that movie.
Very, very exciting movie.
The thing about this movie, it's not what anybody might think, okay?
There's a Christ figure that Mamet wrote into the story here, named Charles.
Charles appears to the hero in this story, almost as if it's an angel appearing to him.
And he gives the hero very profound words.
And encourages the hero to make better choices.
But just like a lot of addicts, they don't listen right away.
Okay?
And as I said before, addiction is a very, very serious issue across our country.
And so this kind of exciting story is unfolding, where the addict is interacting in all these different worlds.
And towards the end of the story, the audience actually feels empathy for the hero in this story.
And through Charles's help, through God's help, Through God's help, this hero starts to reflect on his issues and problems, and you see him start to take steps towards recovery.
I think that this film company, you know, the Manor House Films, like I'm saying, like, we should back films that matter.
Doesn't mean they can't be exciting.
That a lot of the cast is sober.
I cannot drink alcohol, okay?
Like, alcohol in me is bad.
My brother died.
My father was an alcoholic.
Like, I have to accept some of these things.
I can't have alcohol.
And then also that addiction, like I mentioned before, looking at some of the issues in Philadelphia and San Francisco, that our country together, like collectively, like again, this story here, it's not about the left and it's not about the right and it's not political at all.
This is a story about an addict and a road to recovery and Mamet wrote a masterpiece.
And many of, half, I don't want to like name all the names, but over half of all the actors and the producers and everybody that's involved in this thing are sober.
And they connected with Mamet's story.
And I'll tell you this, that we're very proud to bring this other movie.
And I hope That a lot of America agrees with me and what I'm doing is different than what much of Hollywood is doing.
Hollywood wants to make movies about superheroes and like they're not making movies that matter all the time.
And so I hope that a lot of Americans will connect with my mission.
To support movies that matter and produce things that could help society.
It's kind of like social impact investing.
Okay, and I think and I believe in that.
I believe that consumers should invest in things that could make the world a better place.
That's what social impact investing is.
I believe in ESG investing too.
I'm not like a crazy, you know, Person that believes in all electric cars or I don't really swing one way to the other but I do believe in protecting our planet for sure and And I believe in in the measurement of ESG initiatives my wife's Cousin Danny is leading a company right now That is creating software.
They've signed up about 200 of the Fortune 500 companies and the software is going to help them be compliant with ESG investing.
Oh yeah, ESG is like one of the principal issues that people on the conservative side are opposed to.
What is it?
Environmental Social Governance?
Yeah, it's basically political ideology injected into corporations, which results in anti-meritocratic systems, which results in stock prices dropping and sales dropping.
A lot of the conservatives don't believe that some of these types of policies should be woven into corporate governance.
Although, the point, I think, of some of the legislation, it does involve trying to measure these things, but many of these companies made a pledge that they would have a certain carbon footprint or whatever, and so I think some of the legislation is making them follow through with what they already agreed to do.
I mean, I'll be completely honest with you, I don't think Democrats are going to line up behind a movie opposing trafficking, and I don't think anyone on the right is going to give you any support if you support ESG.
Yeah, well, I mean, my film company intends to do social, more of social impact.
Like, I would like to have a social impact so that if I have this film company, I have a third project I'm looking at doing right now, so that I hope to have a studio, Manor House Films, and to engage with our audience.
I intend to do some other really cool things, too.
Because right now, the digital age, like meeting and talking to all these influencers, I think it's important.
Some of the news studios and distributors that have been created, they get a million or two million followers.
And that people tend to follow filmmakers that they connect with.
So hopefully the Manor House could have people that are like minded and that will follow what we're doing is what we hope.
We will probably give away a week at my Manor House property and have all the live music that we enjoy.
And we're going to do like a big giveaway and then have and have some people win going to the Manor House.
Maybe they could bring like 20 people and do some things like that.
I mean, I think, you know, I think you need the views and followers.
Like everything's different the way that people do marketing right now.
And so, but I, but, but my kids and my wife right now, like they really believe in what we're doing.
They think that, like I said earlier, I was kind of choked up because, you know, my daughter Corinne told me, you know, dad, Like, you're doing the right thing.
And I was like, Jesus.
I was like, my kid told me that.
Like, it just, it really impacts me.
I can't even tell you.
She's like, that means everything.
I'm like, so I'm like, kind of like when it comes to this movie, I'm like Trump.
I'm like, fight, fight, fight.
I'm like, like, I'm here today because I want to give a voice to these kids.
Like, I'm going to fight.
And I think that trying to fund and use my resources to back and fund films that matter, you know, films that deal with child trafficking, films that deal with addiction, you know, I think it's very important and I'm proud to do it.